Baird Investment Banking Pitch Book

AM / AMGP HISTORICAL EXCHANGE RATIO Current Special Committee Announcement Sailing Stone 13D 80x 1.70x 1.60x 1.50x 1.40x 1.30x 05/03/17 07/23/17 Source: S&P Capital IQ as of June 15, 2018 Unaffected Date 06/15/18 02/23/18 01/26/18 Exchange Ratio 1-Day 10-Day VWAP 1.633x 1.379x 1.513x 10/13/17 1.652x 1.380x 1.505x 01/02/18 I Premium / (Discount) @ 1.600x 1-Day Cartiestry- Preliminar Draft (3.2%) 15.9% 6.3% 10-Day VWAP (2.0%) 16.1% 5.7% I An 03/25/18 Implied Exhange Ratio to Achieve Premium to 10-Day VWAP 5% 15% 10% 1.796x 1.517x 1.665x 1.715x 1.448x 1.589x ر را بر Current: 1.652x BAIRD 1.878x 1.585x 1.740x Average since AMGP IPO: 1.557x SailingStone 13D: 1.505x 06/15/18 Special Committee: 1.380x Project Bronco | Page 10

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