13G Filing: Park West Asset Management and Nexeo Solutions Inc. (NXEO)

Item 4.  Ownership.

As reported in the cover pages to this report, the ownership information
with respect to each of PWAM and Mr. Park is as follows:

As reported in the cover pages to this report, the ownership information
with respect to PWIMF is as follows:

* This Schedule 13G is being jointly
filed by (i) PWAM, a Delaware limited liability company and the investment manager to (a) PWIMF, a Cayman Islands exempted
company that is the holder of 7,768,196 shares of Common Stock (including 3,685,393 Founder Shares) and warrants to purchase
up to 1,017,177 shares of Common Stock, as reported on this Schedule 13G, and (b) PWPI, a Cayman Islands exempted company
that is the holder of 1,022,996 shares of Common Stock (including 482,972 Founder Shares) and warrants to purchase up to
129,243 shares of Common Stock, as reported on this Schedule 13G; (ii) PWIMF; and and (iii) Mr. Park, as the sole member and
manager of PWAM.

The 8,791,192 shares of Common
Stock (including 4,168,365 Founder Shares) and the 1,146,420 shares of Common Stock underlying the warrants held in the
aggregate by the PW Funds, which constitute approximately 11.0% of the shares of Common Stock deemed to be issued and
outstanding as of April 12, 2017, may be deemed to be beneficially owned (x) indirectly by PWAM, as the investment adviser to
PWIMF and PWPI, and (y) indirectly by Mr. Park, as the sole member and manager of PWAM.  The foregoing beneficial
ownership percentage is based upon 89,286,936 shares of Common Stock, issued and outstanding as of February 3, 2017, based on
information reported by the Company in the Form 10-Q.