Baird Investment Banking Pitch Book

IMPLIED PREMIUM AT 1.6x EXCHANGE RATIO Current AMGP Price $18.61 X Note: Represents closing prices as of June 28, 2018. Proposed Exchange Ratio 1.6x Implied Takeout Price $29.78 Treliminary Draft Current AM Price $29.73 BAIRD Implied Premium 0.2% Project Bronco Page 2

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