BrightView EXEMPT Consolidated Financial Statements l

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BrightView Acquisition Holdings, Inc. Notes to the Consolidated Financial Statements For the Years Ended December 31, 2016 and 2015 (in thousands) Future minimum lease payments under capital lease obligations as of December 31, 2016 are as follows: Future minimum lease payments: Year ending December 31: 2017 $ 3,768 2018 3,348 2019 3,023 2020 2021 2,269 595 Total 13,003 Less: Executory costs 163 Net minimum lease payments 12,840 Less: Amount representing interest 748 Present value of net minimum lease payments 12,092 Less: Current portion 3,403 Long-term portion of capital lease obligations $ 8,689 73,517 11. Employee Benefit Plans 401(k) Plan The Company has voluntary, defined contribution, qualified retirement plans covering approximately 80% of its employees. The Company’s contributions were $5,347 and $3,171 for the years ended December 31, 2016 and 2015, respectively. For fiscal year 2015, depending on whether the participant is legacy Brickman or ValleyCrest, the Company’s contribution was equal to 50% of participant voluntary contributions not in excess of 5% of participant compensation or 25% of participant voluntary contributions not in excess of 6% of participant compensation, respectively. During the year ended December 31, 2016, the Company merged 401(k) plans, and for all eligible participants, the Company contributes 50% of the amount invested by the participant up to the first 5% of the participant's compensation. The Company’s contributions are included in Selling, general and administrative expense in the accompanying Consolidated Statements of Operations. Deferred Compensation Plan A non-qualified deferred compensation plan is available to certain executives. Under the plan, participants may elect to defer up to 70% of their compensation. The Company invests the deferrals in participant-selected diversified investments that are held in a Rabbi Trust and which are classified with other assets. Compensation expense is recorded in selling, general and administrative expense in the Company’s accompanying Consolidated 2018 15,879 2019 13,055 2020 9,395 2021 5,806 Thereafter 9,605 Total $ Operating Leases The Company is committed under various operating leases for buildings and equipment with terms ranging from month-to-month to ten years. Most of the leases contain customary renewal options and escalation clauses. Lease expense was $35,770 and $34,178 for the years ended December 31, 2016 and 2015, respectively, and is included in cost of services provided and selling, general and administrative expense in the accompanying Statements of Operations. Minimum annual lease payments under non-cancelable, operating leases are as follows: 2017 $ 19,777 21 Confidential