Once White Rabbit obtaining the clock, he will open a portal next to where he is, and you must go there.
After finding the clock, go back to White Rabbit and give him the clock. He will instruct you to find a clock, and you must go find the clock which can be found on the right side of the area you find White Rabbit. To unlock Lolbit, you must first locate White Rabbit in Fazbear Hills.
Both Funtime Foxy and Lolbit have the same spirite. It also seems to have its hook on its left hand instead of its right hand, but this could possibly be because of sprite flipping. It is otherwise white with blue (or even purple) lipstick and rosy blue (or purple) cheeks. It bares its endoskeleton eyes, and has an orange snout, muzzle and ears. Lolbit's model is exactly the same as Funtime Foxy's- only the colors have changed.