LUCK · Lucky Strike Entertainment Corp · Insider Trading

The Restricted Stock Units ("RSUs") were received pursuant to the terms of the Business Combination Agreement in connection with the acquisition by the Issuer of Bowlero Corp. (the "Acquisition"). The RSUs will vest if the closing share price of the Class A Common Stock equals or exceeds $17.50 per share for any 10 trading days within any consecutive 20-trading day period on or prior to the 5-year anniversary of the closing date of the Acquisition, and will otherwise be forfeited on the 5-year anniversary of the closing of the Acquisition.

The shares of Class B Common Stock, par value $0.0001 per share ("Class B Common Stock") are convertible into shares of the Issuer's Class A Common Stock, par value $0.0001 per share ("Class A Common Stock") at the option of the holder on a one-to-one basis, and will automatically convert to shares of Class A Common Stock upon (i) Mr. Shannon ceasing to beneficially own at least 10% of the Issuer's outstanding common stock, (ii) the death or disability of Mr. Shannon, (iii) the employment of Mr. Shannon as the CEO of the Issuer being terminated for cause, and (iv) the fifteenth anniversary of the closing of the Acquisition.

The price reported in Column 4 is a weighted average price for shares purchased in multiple transactions. The purchase prices range from $5.80 to $5.94 per share. The reporting person has provided to the issuer, and undertakes to provide to the Commission staff or a security holder of the issuer, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

The price reported in Column 4 is a weighted average price for shares purchased in multiple transactions. The purchase prices range from $6.26 to $6.54 per share. The reporting person has provided to the issuer, and undertakes to provide to the Commission staff or a security holder of the issuer, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

The price reported in Column 4 is a weighted average price for shares purchased in multiple transactions. The purchase prices range from $6.20 to $6.25 per share. The reporting person has provided to the issuer, and undertakes to provide to the Commission staff or a security holder of the issuer, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Represents the conversion of Class B Common Stock (as defined below) into Class A Common Stock (as defined below) held of record by the Reporting Persons.

The shares of Class B Common Stock, par value $0.0001 per share ("Class B Common Stock") are convertible into shares of the Issuer's Class A Common Stock, par value $0.0001 per share ("Class A Common Stock") at the option of the holder on a one-to-one basis, and will automatically convert to shares of Class A Common Stock upon (i) Mr. Shannon ceasing to beneficially own at least 10% of the Issuer's outstanding common stock, (ii) the death or disability of Mr. Shannon, (iii) the employment of Mr. Shannon as the CEO of the Issuer being terminated for cause, and (iv) the fifteenth anniversary of the closing of the Acquisition.

Represents the conversion of Class B Common Stock (as defined below) into Class A Common Stock (as defined below) held of record by the Reporting Persons.

Represents shares of Class B Common Stock of the Issuer received in exchange for shares of capital stock of Bowlero. Corp ("Legacy Bowlero") in connection with the acquisition by the Issuer of Legacy Bowlero (the "Acquisition").

The price reported in Column 4 is a weighted average price for shares purchased in multiple transactions. The purchase prices range from $8.45 to $8.49 per share. The reporting person has provided to the issuer, and undertakes to provide to the Commission staff or a security holder of the issuer, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

The Restricted Stock Units ("RSUs") were received pursuant to the terms of the Business Combination Agreement in connection with the acquisition by the Issuer of Bowlero Corp. (the "Acquisition"). The RSUs will vest if the closing share price of the Class A Common Stock equals or exceeds $17.50 per share for any 10 trading days within any consecutive 20-trading day period on or prior to the 5-year anniversary of the closing date of the Acquisition, and will otherwise be forfeited on the 5-year anniversary of the closing of the Acquisition.

The shares of Class B Common Stock, par value $0.0001 per share ("Class B Common Stock") are convertible into shares of the Issuer's Class A Common Stock, par value $0.0001 per share ("Class A Common Stock") at the option of the holder on a one-to-one basis, and will automatically convert to shares of Class A Common Stock upon (i) Mr. Shannon ceasing to beneficially own at least 10% of the Issuer's outstanding common stock, (ii) the death or disability of Mr. Shannon, (iii) the employment of Mr. Shannon as the CEO of the Issuer being terminated for cause, and (iv) the fifteenth anniversary of the closing of the Acquisition.

Reflects shares of Class A Common Stock (the "Earnout Shares") issuable pursuant to the Merger Agreement between the Issuer and Bowlero Corp. (the "Merger Agreement"). The Earnout Shares vest to the extent that the closing per share price of Class A Common Stock is greater than or equal to $17.50 for any 10 trading days within any consecutive 20-trading day period. The Earnout Shares are subject to certain adjustments, as set forth in the Merger Agreement. If the conditions are not met and the shares have not vested as of the 5-year anniversary of the Closing, the right to these Earnout Shares will be forfeited.

The price reported in Column 4 is a weighted average price for shares purchased in multiple transactions. The purchase prices range from $6.45 to $6.55 per share. The reporting person has provided to the issuer, and undertakes to provide to the Commission staff or a security holder of the issuer, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the vesting of restricted stock units granted to the reporting person; not an open market transaction.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A common stock upon vesting for no consideration.

The RSUs will vest in one-third installments on the first, second, and third anniversaries of the grant date of the award, subject to continued employment through each such vesting date.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A common stock upon vesting for no consideration.

The RSUs will vest in one-third installments on the first, second, and third anniversaries of the grant date of the award, subject to continued employment through each such vesting date.

The option will vest and become exercisable in one-third installments on the first, second, and third anniversaries of the grant date of the award, subject to continued employment through each such vesting date.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A common stock upon vesting for no consideration.

The RSUs will vest in one-third installments on the first, second, and third anniversaries of the grant date of the award, subject to continued employment through each such vesting date.

The option will vest and become exercisable in one-third installments on the first, second, and third anniversaries of the grant date of the award, subject to continued employment through each such vesting date.

Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock upon vesting for no consideration.

Subject to certain vesting conditions and exceptions, these restricted stock units vest on the earlier of (i) December 9, 2026 or (ii) the Issuer's first regular annual meeting following December 9, 2025.

Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock upon vesting for no consideration.

Subject to certain vesting conditions and exceptions, these restricted stock units vest on the earlier of (i) December 9, 2026 or (ii) the Issuer's first regular annual meeting following December 9, 2025.

Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock upon vesting for no consideration.

Subject to certain vesting conditions and exceptions, these restricted stock units vest on the earlier of (i) December 9, 2026 or (ii) the Issuer's first regular annual meeting following December 9, 2025.

Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock upon vesting for no consideration.

Subject to certain vesting conditions and exceptions, these restricted stock units vest on the earlier of (i) December 9, 2026 or (ii) the Issuer's first regular annual meeting following December 9, 2025.

Reflects restricted stock units ("RSUs") acquired from award of Issuer's restricted stock units for non-employee directors pursuant to the Issuer's director compensation policy. Each RSU represents a contingent right to receive one share of Issuer's Class A common stock and will vest on the earlier of (i) December 9, 2026 and (ii) the Issuer's first regular annual meeting following December 9, 2025. Simultaneously with Mr. Angelakis' and Ms. Wagner's receipt of these RSUs, these RSUs were transferred and assigned by Mr. Angelakis and Ms. Wagner to Atairos Management, L.P. ("AMLP"), an affiliate of the reporting person, pursuant to side letter agreements each director previously entered into with AMLP.

Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock upon vesting for no consideration.

Subject to certain vesting conditions and exceptions, these restricted stock units vest on the earlier of (i) December 9, 2026 or (ii) the Issuer's first regular annual meeting following December 9, 2025.

Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock upon vesting for no consideration.

Subject to certain vesting conditions and exceptions, these restricted stock units vest on the earlier of (i) December 9, 2026 or (ii) the Issuer's first regular annual meeting following December 9, 2025.

The price reported in Column 4 is a weighted average price for shares purchased in multiple transactions. The purchase prices range from $7.97 to $8.14 per share. The reporting person has provided to the issuer, and undertakes to provide to the Commission staff or a security holder of the issuer, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

The reporting person is the managing member of BFT Partners LLC. BFT Partners LLC is 99% owned by a trust, of which reporting person's children are the initial beneficiaries, 0.5% owned by the reporting person, and 0.5% owned by the reporting person's spouse. The reporting person continues to report beneficial ownership of all the shares held by BFT Partners LLC, but disclaims beneficial ownership of the shares held by BFT Partners LLC except to the extent of the reporting person's pecuniary interest therein.

The price reported in Column 4 is a weighted average price for shares purchased in multiple transactions. The purchase prices range from $7.97 to $8.14 per share. The reporting person has provided to the issuer, and undertakes to provide to the Commission staff or a security holder of the issuer, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

The price reported in Column 4 is a weighted average price for shares purchased in multiple transactions. The purchase prices range from $7.50 to $7.90 per share. The reporting person has provided to the issuer, and undertakes to provide to the Commission staff or a security holder of the issuer, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

The price reported in Column 4 is a weighted average price for shares purchased in multiple transactions. The purchase prices range from $7.85 to $7.95 per share. The reporting person has provided to the issuer, and undertakes to provide to the Commission staff or a security holder of the issuer, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the vesting of restricted stock units granted to the reporting person; not an open market transaction.

Reflects shares of Class A Common Stock (the "Earnout Shares") issuable pursuant to the Merger Agreement between the Issuer and Bowlero Corp. (the "Merger Agreement"). The Earnout Shares vest to the extent that the closing per share price of Class A Common Stock is greater than or equal to $17.50 for any 10 trading days within any consecutive 20-trading day period. The Earnout Shares are subject to certain adjustments, as set forth in the Merger Agreement. If the conditions are not met and the shares have not vested as of the 5-year anniversary of the Closing, the right to these Earnout Shares will be forfeited.

Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the vesting of restricted stock units granted to the reporting person; not an open market transaction.

The Restricted Stock Units ("RSUs") were received pursuant to the terms of the Business Combination Agreement in connection with the acquisition by the Issuer of Bowlero Corp. (the "Acquisition"). The RSUs will vest if the closing share price of the Class A Common Stock equals or exceeds $17.50 per share for any 10 trading days within any consecutive 20-trading day period on or prior to the 5-year anniversary of the closing date of the Acquisition, and will otherwise be forfeited on the 5-year anniversary of the closing of the Acquisition.

The shares of Class B Common Stock, par value $0.0001 per share ("Class B Common Stock") are convertible into shares of the Issuer's Class A Common Stock, par value $0.0001 per share ("Class A Common Stock") at the option of the holder on a one-to-one basis, and will automatically convert to shares of Class A Common Stock upon (i) Mr. Shannon ceasing to beneficially own at least 10% of the Issuer's outstanding common stock, (ii) the death or disability of Mr. Shannon, (iii) the employment of Mr. Shannon as the CEO of the Issuer being terminated for cause, and (iv) the fifteenth anniversary of the closing of the Acquisition.

Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the vesting of restricted stock units granted to the reporting person; not an open market transaction.

Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the vesting of restricted stock units granted to the reporting person; not an open market transaction.

Reflects shares of Class A Common Stock (the "Earnout Shares") issuable pursuant to the Merger Agreement between the Issuer and Bowlero Corp. (the "Merger Agreement"). The Earnout Shares vest to the extent that the closing per share price of Class A Common Stock is greater than or equal to $17.50 for any 10 trading days within any consecutive 20-trading day period. The Earnout Shares are subject to certain adjustments, as set forth in the Merger Agreement. If the conditions are not met and the shares have not vested as of the 5-year anniversary of the Closing, the right to these Earnout Shares will be forfeited.