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

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Subject to fiduciary
responsibilities as directors and in compliance therewith, the Reporting Persons have had, and plan to continue to have, discussions
with the Issuer, its management, board of directors, certain other shareholders and other persons that may relate to governance
and board composition, management, operations, business, assets, capitalization, financial condition, strategic plans and the future
of the Issuer.

The Reporting Persons
intend to review their investments in the Issuer on a continuing basis. Depending on various factors, including, without limitation,
the Issuer’s financial position and strategic direction, actions taken by the board, price levels of shares of the Common
Stock, other investment opportunities available to Reporting Persons, market conditions and general economic and industry conditions,
the Reporting Persons may take such actions with respect to their investments in the Issuer as they deem appropriate, including,
without limitation, purchasing additional shares of the Common Stock or other financial instruments related to the Issuer, engaging
in hedging or similar transactions with respect to the securities relating to the Issuer and/or otherwise changing their intention
with respect to any and all matters referred to in Item 4 of the Schedule 13D.

Item 5. Interest
in Securities of the Issuer.

 

Item 5 of the Schedule
13D is hereby amended and restated in its entirety as follows:

(a)
The information requested by this paragraph is incorporated herein by reference to the information provided on the cover pages
to this Schedule 13D.

(b)
The information requested by this paragraph is incorporated herein by reference to the information provided on the cover pages
to and Item 2(c) of this Schedule 13D.

(c)
Information with respect to all transactions in the Common Stock which were effected during the past sixty days or since the most
recent filing on Schedule 13D, whichever is less, by the Reporting Persons is set forth on Exhibit I attached hereto and incorporated
herein by reference.

(d)
No other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of,
the shares of Common Stock set forth above.

(e)
Not applicable.

Item 7. Material to be Filed
as Exhibits

 

Item 7
of the Schedule 13D is amended by adding the following:

Exhibit
F – A&R Joint Filing Agreement

Exhibit
G – Letter to the GTIM Board

Exhibit
H – Demand Letter

Exhibit
I – Transactions Effected During the Past Sixty Days