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CUSIP No. 06690B107 |
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18
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BPR Real Estate I, in its capacity as shareholder of BPR Real Estate II, has the ability to appoint and
remove the directors and direct the management of the business of BPR Real Estate II. As such, BPR Real Estate I has the power to direct the decisions of BPR Real Estate II; therefore, BPR Real Estate I may be deemed to have indirect beneficial
ownership of the Common Stock held by BPR Cumulus.
Retail Holding, in its capacity as shareholder of BPR Real Estate I, has the ability to appoint and
remove the directors and direct the management of the business of BPR Real Estate I. As such, Retail Holding has the power to direct the decisions of BPR Real Estate I; therefore, Retail Holding may be deemed to have indirect beneficial ownership of
the Common Stock held by BPR Cumulus.
BPI Property Inc., in its capacity as shareholder of Retail Holding, has the ability to appoint and remove the
directors and direct the management of the business of Retail Holding. As such, BPI Property Inc. has the power to direct the decisions of Retail Holding; therefore, BPI Property Inc. may be deemed to have indirect beneficial ownership of the Common
Stock held by BPR Cumulus.
BPR Fin I, in its capacity as a shareholder of BPI Property Inc., has the ability to appoint and remove the directors and
direct the management of the business of BPI Property Inc. As such, BPR Fin I has the power to direct the decisions of BPI Property Inc.; therefore, BPR Fin I may be deemed to have indirect beneficial ownership of the Common Stock held by BPR
Cumulus.
BPR Fin II, in its capacity as a shareholder of BPI Property Inc., has the ability to appoint and remove the directors and direct the management
of the business of BPI Property Inc. As such, BPR Fin II has the power to direct the decisions of BPI Property Inc.; therefore, BPR Fin II may be deemed to have indirect beneficial ownership of the Common Stock held by BPR Cumulus.
BPR Holding REIT, in its capacity as shareholder of BPR Fin II, has the ability to appoint and remove the directors and direct the management of the business
of BPR Fin II. As such, BPR Holding REIT has the power to direct the decisions of BPR Fin II; therefore, BPR Holding REIT may be deemed to have indirect beneficial ownership of the Common Stock held by BPR Cumulus.
BPY OP, in its capacity as shareholder of BPR Holding REIT, has the ability to appoint and remove the directors and direct the management of the business of
BPR Holding REIT. As such, BPY OP has the power to direct the decisions of BPR Holding REIT; therefore, BPY OP may be deemed to have indirect beneficial ownership of the Common Stock held by BPR Cumulus.
BPY, in its capacity as managing general partner of BPY OP, has the ability to direct the management of BPY OPs business, including the power to direct
the decisions of BPY OP regarding the vote and disposition of securities held by BPR Cumulus; therefore, BPY may be deemed to have indirect beneficial ownership of the Common Stock held by BPR Cumulus.
BPY GP, in its capacity as general partner of BPY, has the ability to direct the management of BPYs business, including the power to direct the
decisions of BPY regarding the vote and disposition of securities held by BPR Cumulus; therefore, BPY GP may be deemed to have indirect beneficial ownership of the Common Stock held by BPR Cumulus.
BN, in its capacity as indirect sole shareholder of BPY GP, has the ability to appoint and remove certain directors of BPY GP, and, as such, may indirectly
control the decisions of BPY GP regarding the vote and disposition of securities held by BPR Cumulus; therefore, BN may be deemed to have indirect beneficial ownership of the Common Stock held by BPR Cumulus.
BN Partnership, in its capacity as the sole owner of Class B Limited Voting Shares of BN, has the ability to appoint and remove certain directors of BN
and, as such, may indirectly control the decisions of BN regarding the vote and disposition of securities held by BPR Cumulus; therefore, BN Partnership may be deemed to have indirect beneficial ownership of the Common Stock held by BPR Cumulus.