BrightView EXEMPT Consolidated Financial Statements l

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Level 1 Quoted prices in active markets for identical assets or liabilities that are accessible at the measurement dates. Level 2 Significant observable inputs that are used by market participants in pricing the asset or liability based on market data obtained from independent sources. Level 3 Significant unobservable inputs we believe market participants would use in pricing the asset or liability based on the best information available. BrightView Acquisition Holdings, Inc. Notes to the Consolidated Financial Statements For the Years Ended December 31, 2016 and 2015 (in thousands) Definite-lived intangible assets consist of acquired customer contracts and relationships, trademarks and internally developed software. These assets are amortized over their estimated useful lives, generally for periods ranging from 3 to 21 years. The company continually evaluates the reasonableness of the useful lives of these assets. Long-lived Assets Property and equipment and definite-lived intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the fair value. The Company did not identify any indicators of impairment of its long-lived assets during 2016 or 2015. Restricted Investments and Other Assets At December 31, 2016 and 2015, the Company had restricted investments and other assets of $35,175 and $11,010, respectively. These amounts consist of receivables related to the Company’s self-insurance programs, Rabbi Trust investments (See Note 11), and capitalized contract acquisition costs that will be amortized over the life of the contract as a reduction in revenue. Self-Insurance Reserves The Company carries general liability, vehicle liability, workers’ compensation, professional liability, directors’ and officers’ liability, and employee health care insurance policies. In addition, the Company carries umbrella liability insurance policies to cover claims over the liability limits contained in the primary policies. The Company’s insurance programs for workers’ compensation, general liability, vehicle liability and employee health care for certain employees contain self-insured retention amounts. Claims that are not self-insured as well as claims in excess of the self-insured retention amounts are insured. The Company uses estimates in the determination of the required reserves. These estimates are based upon calculations performed by third-party actuaries, as well as examination of historical trends, and industry claims experience. Other Long-term Liabilities At December 31, 2016 and 2015, the Company had other liabilities of $58,044 and $49,804, respectively. These amounts primarily relate to the non-current liability associated with interest rate and fuel hedge arrangements (See Note 8), capital lease obligations (See Note 10) and deferred compensation related to the Rabbi Trust (See Note 11). Fair value of Financial Instruments In evaluating the fair value of financial assets and liabilities, GAAP outlines a valuation framework and creates a fair value hierarchy that distinguishes between market assumptions based on market data (“observable inputs”) and a reporting entity’s own assumptions about market data (“unobservable inputs”). Fair value is defined as the price at which an orderly transaction to sell an asset or transfer a liability would take place between market participants at the measurement date under current market conditions (that is, an exit price at the measurement date from the perspective of a market participant that holds the asset or owes the liability). Fair Value Hierarchy The following hierarchy for inputs used in measuring fair value should maximize the use of observable inputs and minimize the use of unobservable inputs by requiring that the most observable inputs be used when available: 9 Confidential