13D Filing: Delta Partners and Good Times Restaurants Inc. (GTIM)

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Exhibit D

NOMINATION LETTER

Delta Partners, LP

265 Franklin Street, Suite 903

Boston, MA 02110

REIT Redux LP

14901 Quorum Drive, Suite 900

Dallas, Texas 75254

November 10, 2017

Good Times Restaurants Inc.

141 Union Boulevard, #400

Lakewood, Colorado 80228

Attention: Corporate Secretary

Gentlemen:

As two of the largest shareholders of Good Times
Restaurants Inc. (the “Company” or “Good Times”) we have been extremely disappointed with the Company’s
current level of profitability, which remains low even in the face of a large recent increase in sales. This lack of profitability
has contributed to a severely depressed share price. As we have previously expressed, we believe that a sustained emphasis on improving
productivity at all levels of the Company is necessary.

While we have been open to a constructive dialogue
at the Board level to initiate the necessary steps, we are now convinced that a change in the Company’s board of directors
is necessary to achieve results. Accordingly, we wish to inform the Company that we intend to nominate an alternative slate of
directors who we believe have experience and energy to refocus the Company on achieving results for its shareholders. Our proposed
nominees are:

 

●

Charles Jobson;

●

Robert Stetson;

●

Geoff Bailey;

●

Boyd Hoback;

●

Jason Maceda;

●

James Kropp; and

●

Arthur Calavritinos.

 

Messrs. Jobson, Stetson, Maceda, Kropp and Calavritinos
have agreed that if they are elected they will serve on the Company’s Board of Directors. While we hope that Messrs. Bailey
and Hoback will agree to serve if nominated on our slate, if they do not so agree we will identify two alternative nominees.

Because we believe that a seven-person Board is
unwieldy and inefficient for a company of Good Times’ size, if our slate is elected, we would encourage the new Board of
Directors to promptly vote to reduce the size of the Board to five members. Two of the directors, who would probably be Messrs.
Kropp and Calavritinos, would resign thereafter.