Stride Consumer Partners LLC

ITEM 5         FEES AND COMPENSATION

        As detailed below, Stride generally receives a management fee and a performance
allocation in connection with providing advisory services to the Funds. Stride Consumer or other
Stride entities are permitted to also receive additional compensation in connection with
management and other services performed for the companies in which they make investments
(each, a “Portfolio Company”) (e.g., monitoring and other fees) of the Funds as further detailed
below, and the Funds’ pro rata share of such additional compensation is generally offset against
the management fees otherwise payable to Stride in accordance with the relevant Governing
Document.

        The following provides a general description of fees, compensation and expenses for the
Funds. With respect to any particular Fund, while the description below is generally applicable,
fees and expenses vary, and Fund investors should review the applicable Governing Documents
for further information. Further specific details of the management fees, performance-based fees
or allocations, fund expenses and fee waivers are described below, but more fully set forth in a
Fund’s respective private placement memorandum and limited partnership agreement.

Management Fees

       During the commitment period, Stride Consumer Fund I, L.P. will pay Stride or its
designees an annual management fee equal to 2.00% of aggregate investor capital commitments
(“Commitments”) and Stride Family Investments, L.P. will pay Stride or its designees an annual

management fee equal to 1.00% of Commitments. After the commitment period expires and until
the final termination of Stride Consumer Fund I, L.P. or Stride Family Investments, L.P., such
Fund’s management fee shall be equal to 2.00% or 1.00%, respectively, of an investor’s pro rata
share of the adjusted cost of all unrealized portfolio investments. In some cases, the amount of
management fees will not be reduced based on reductions in investment value, even if the value
of the investment declines significantly or is written down to zero.

        The management fee is generally calculated and payable quarterly in advance, as of the
first day of each fiscal quarter. Installments of the management fee payable for any period other
than a full quarterly period are adjusted on a pro rata basis based upon the actual number of days
in such period. An investor’s management fee will commence as of the first closing date based on
the commitment of such investor, regardless of when such investor is actually admitted to the
applicable Fund.

       Stride Consumer Fund I Coinvest, L.P., Stride Consumer Chomps Coinvest, L.P. and Stride
Consumer SK Coinvest, L.P. do not pay Stride an annual management fee. Friends and family
vehicles advised by Stride will generally be subject to a lower management fee than Fund I.

       As permitted under the applicable partnership agreement, Stride has waived or agreed, and
may in the future waive or agree, to reduce the management fee. To the extent of any reduction in
the management fee as a result of such waiver, a corresponding portion of the General Partner’s
commitment to the Funds could be structured as a profits interest (rather than as a capital
contribution). Waived or reduced management fees are not subject to any management fee offsets
described above.

ITEM 7         TYPES OF CLIENTS

        Stride’s clients are the Funds. Investment advice is provided directly to such Funds and not
individually to the limited partners of such Funds. The Funds include investment partnerships or
other investment entities formed under domestic or foreign laws and operated as exempt
investment pools under the Investment Company Act of 1940, as amended (the “Investment
Company Act”). The investors participating in the Funds generally include one or more of the
following: high net-worth individuals, banks or thrift institutions, sovereign wealth funds, pension
and profit-sharing plans, trusts, estates, charitable organizations or other corporations or business
entities and also could include, directly or indirectly, past or current service providers, Principals
or other employees of Stride. Such investors are generally limited to (i) “accredited investors” as
defined under Regulation D of the Securities Act of 1933, as amended (the “Securities Act”) and
(ii) “qualified purchasers” as defined in Section 2(a)(51)(A) of the Investment Company Act, or
other “knowledgeable employees” of Stride. Fund I requires a minimum investment amount of $5
million, although such minimum is permitted to be waived by the General Partner in its sole
discretion.