Baird Investment Banking Pitch Book

IMPLIED PREMIUM AT 1.65x EXCHANGE RATIO Based on Current AM Unit Price (as of July 20) Current AMGP Price $19.24 X Current AMGP Price $19.19 Based on AM "Clean" Unit Price (as of Feb. 23) Proposed Exchange Ratio 1.65x X Proposed Exchange Ratio 1.65x Implied Takeout Price $31.75 Implied Takeout Price $31.66 ·|- Current AM Price $31.64 Current AM Price $26.49 Telminar: Praft Implied Premium 0.3% Implied Premium 19.5% BAIRD Project Bronco | Page 2

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