LBB Holding Company LLC

Item 5. Fees and Compensation

         In general, LBB receives a management fee and a carried interest in connection with
 advisory services. It is expected that any future funds of the Adviser will have a similar fee
 structure. As discussed below, LBB or other Firm entities or affiliates may, from time to time,
 receive additional compensation in connection with management and other services performed
 for portfolio companies of the Funds.

        Management Fees

         LBB has entered into a Management Services Agreement with the portfolio company of
 each Fund that provides for the quarterly payment (the “Management Fee”) by the related
 portfolio company on behalf of the relevant Fund, in advance, to the Adviser of an amount equal
 to 1.5% of the fair market value of the relevant Fund’s invested capital in such portfolio
 company, subject to a minimum of $1.5 million per year beginning on December 31, 2018 for
 LBB I and on February 22, 2021 for LBB II.

         The Management Fee payable by any portfolio company will be reduced by 100% of a
Fund’s share of transaction, closing, monitoring, financial-advisory, break-up, termination or
other similar fees paid to LBB or its affiliates, other than amounts received by any employee or
affiliate of LBB (other than the Founders) from such portfolio company or its subsidiaries as
compensation for services provided by such person as an employee of or in a similar capacity for
the portfolio company. Such fees are net of the Firm’s expenses incurred in connection with the
generation of such fees, as provided in the applicable LLC Agreement. To the extent that such an
offset credit would reduce the Management Fee for a given fiscal quarter below zero, the credit
will be carried forward for future application against payable Management Fees.

        Carried Interest

          LBB will receive carried interest with respect to each Fund equal to 20% of all realized
 profits, as more fully described in the applicable LLC Agreement.

        Other Information

         The Funds generally invest on a long-term basis. Accordingly, the Management Fee and
 other fees are expected to be paid, except as otherwise described in the LLC Agreement, over
 the term of the relevant Fund, and Investors generally are not permitted to withdraw or redeem
 interests in the Funds.

         The Founders and other current or former employees of the Firm generally receive
 salaries and other compensation derived from the Management Fee and carried interest. As
 described below and in the Fund LLC Agreements, the Funds also reimburse expenses to LBB
 and LBB affiliate/related persons.

          In addition to the Management Fee and carried interest payable to LBB, each Fund bears
 or is expected to bear certain expenses either directly or indirectly through its portfolio company.
 As set forth more fully in the Governing Documents of each Fund, each Fund bears all fees,
 costs, expenses, liabilities and obligations relating to the Fund’s activities, investments,
 business, portfolio companies or actual and potential investments (including with respect to any
 entity formed to effect the acquisition and/or holding of a portfolio company) to the extent not
 reimbursed by a portfolio company or potential portfolio company, including without limitation
 all fees, costs, expenses, liabilities and obligations relating or attributable to:

               (a)    fees, costs and expenses of any administrators, custodians, attorneys and
accountants (including audit and certification fees and the costs of printing and distributing reports
to Investors),

               (b)     all fees, costs and expenses, if any, incurred by or on behalf of the Fund in
identifying, sourcing, conducting due diligence, negotiating and structuring prospective or
potential portfolio investments that are not ultimately made, including without limitation, any
travel (including business class airfare and hotel expenses) and entertainment, legal, tax,
accounting, advisory and consulting and other similar costs and expenses in connection therewith,

                (c)    all fees, costs and expenses, if any, incurred by or on behalf of the Fund in
identifying, sourcing, conducting due diligence, negotiating and structuring prospective or
potential portfolio investments, including without limitation, any travel (including business class
airfare and hotel expenses) and entertainment, legal, tax, accounting, advisory and consulting and
other similar costs and expenses in connection therewith,

                (d)    without duplication, all out-of-pocket fees, costs and expenses, if any,
incurred in structuring and disposing of a portfolio investment and/or any follow-on investment,
including any financing, legal, accounting, advisory and consulting expenses in connection
therewith (to the extent not subject to any reimbursement of such costs and expenses by the
portfolio company or other third parties),

                (e)    brokerage commissions, custodial expenses and other investment costs
actually incurred in connection with the portfolio investment, any follow-on investment and/or any
sale of an investment,

               (f)     expenses of liquidating the Fund,

               (g)   any out-of-pocket expenses incurred in connection with the Fund’s legal
and regulatory compliance with U.S. federal, state, local, non-U.S. or other law and regulation,

               (h)     D&O liability or other insurance of the Fund and/or the Investors,

               (i)    expenses of meetings of the Fund and expenses associated with the
preparation of the Fund’s periodic reports and related statements (e.g., financial statements, tax
returns and Schedule K-1) and other reporting-related expenses in respect of the Fund and its
activities,

               (j)      the out-of-pocket costs of any litigation, indemnification or extraordinary
expense or liability relating to the affairs of the Fund,
...

Item 7. Types of Clients

        LBB provides investment advice to the Funds and may in the future provide advice to
other private equity funds. The Funds are Delaware limited liability companies. Future private
equity fund clients may include other forms of vehicles and may be organized under domestic
or foreign laws. LBB’s clients are operated as exempt investment pools under the Investment
Company Act of 1940, as amended (“IC Act”). Depending upon which IC Act exemption the
relevant Fund relies, the Investors in the Funds are all (i) “accredited investors” within the
meaning of Regulation D under the Securities Act of 1933, as amended, and (ii) either
(a) “qualified clients” within the meaning of Rule 205-3 under the Investment Advisers Act of
1940, and/or (b) “qualified purchasers” within the meaning of Section 2(a)(51) under the IC Act.

       The Funds may include alternative investment vehicles established, from time to time,
in order to permit one or more Investors to participate in one or more particular investment
opportunities in a manner desirable for tax, regulatory or other reasons.

        The Funds generally have a minimum investment amount of $100,000 for third-party
investors, and the Fund’s interests are offered and sold solely to accredited investors and
qualified clients. Such minimum investment amount may be waived by LBB.