Credit Suisse Investment Banking Pitch Book

Osprey CVR assumptions | Projected cash flows and timing Per Osprey management in consultation with Osprey's tax advisors 2017 closing - estimated distributions & timing $ in millions Distributions Claim for 2016 overpayment File 2017 federal tax quick refund File final 2017 federal tax return File 2015 NOL carryback claim File 2016 NOL carryback claim File NOL state carryback claim File final 2017 state tax return Total Distributions File final 2017 federal tax return File 2018 short year federal tax return File 2016 NOL carryback claim File 2017 NOL carryback claim File 2016 NOL carryback claim (state) File final 2017 state tax return Plan to file 10/15/2017 1/1/2018 3/31/2018 4/1/2018 4/1/2018 4/1/2018 9/15/2018 Carryback claims subject to JCT review Assumed earliest completion of review - nine months Assumed expected completion of review - 18 months Assumed latest completion of review - 3 years Q1 2018 closing - estimated distributions & timing $ in millions File short-year 2018 state tax return Total Plan to file 4/15/2018 6/30/2018 Carryback claims subject to JCT review Assumed earliest completion of review - nine months Assumed expected completion of review - 18 months Assumed latest completion of review - 3 years 7/1/2018 7/1/2018 7/1/2018 9/15/2018 10/31/2018 Expect funds 11/30/2017 2/15/2018 NM 5/16/2018 5/16/2018 5/16/2018 12/31/2018 Source: Osprey management in consultation with Osprey's tax advisors. Note: Credit Suisse does not provide any tax advice. "NM" denotes not meaningful. 12/31/2018 9/30/2019 3/31/2021 Expect funds NM NM 8/15/2018 8/15/2018 8/15/2018 12/31/2018 NM 3/31/2019 12/31/2019 6/30/2021 Anticipated refund $5.9 1.7 7.7 25.5 0.7 0.1 $41.6 I $25.5 8.5 0.6 2.1 1 Shareholders distributions $36.6 1 Anticipated Shareholders refund distributions 2.3 i 7.7 0.2 1 0.0 $12.5 $1.8 0.5 A 30% of anticipated refund received immediately (per Merger Agreement draft dated 10/5/17) $29.1 29.1 29.1 $7.7 2.5 0.2 0.6 $11.0 PRELIMINARY | SUBJECT TO FURTHER REVIEW & REVISION $25.6 25.6 25.6 Selected commentary -$200 million loss incurred during 2017, assuming transaction closing by 12/31/2017 B Balance of applicable tax refund will be paid at earlier of expiration of statute of limitations for audit (three years from filing) or completion of audit A -$200 million loss incurred during Q1 2018, assuming transaction closing after 12/31/2017 30% of anticipated refund received immediately (per Merger Agreement draft dated 10/5/17) B Balance of applicable tax refund will be paid at earlier of expiration of statute of limitations for audit (three years from filing) or completion of audit ■ Osprey does not expect to make federal or state tax payment in Q1 2018 given transaction timing and magnitude of loss generated Confidential 43 Ⓒ Credit Suisse Group AG and/or its affiliates. All rights reserved

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