We at Peninsula Capital Partners pride ourselves on embracing a business
philosophy that values communication, cooperation, and competence above all else.

Since our establishment, we have sought to infuse these principles into our
investment strategy and our everyday operations. We believe that these core values,
if consistently brought to bear in our business practices, generate the best
possible outcomes for our investors and our portfolio companies.

Please review the following which will describe the basis for our focus on these
tenets and how we believe they benefit our business partners.