While we have been open to constructive steps
by the Company regarding our concerns that would obviate the need to run an alternative slate, we have yet to see evidence that
the Company is taking seriously these concerns. In particular, we are troubled by the following, which we view as being –
rather than constructive – purely defensive in nature:

•

the Company’s failure to schedule its 2018 Annual
Meeting of Shareholders;

•

the Company’s amendment of its bylaws permitting
the Company to delay any special meeting of shareholders for up to 135 days after its receipt of a valid shareholder request for
such a meeting; and

•

the Company’s determination that the “trading
window” permitting directors and their affiliates to acquire Company stock is closed.

The above actions are, in our view, simply
an effort to weaken our ability to exercise rights as shareholders and serve no purpose other than to entrench the current board
of directors. In particular, we believe that Good Times’ decision not to open its scheduled trading window is based off of
fears that we would acquire additional shares – enhancing our prospects for a successful election campaign – and represents
a blatant misuse of such authority. We believe in the Company’s long-term prospects, and that the Company is undervalued
at its current price. If the Company believes that we have made proposals that somehow represent material information (despite
not being effected or seriously considered at this time), we ask that the Company so inform us so that we can ensure such matters
are properly disclosed.

The above bulleted actions further strengthen
our belief that increased shareholder oversight is necessary for the Company, including to improve the Company’s financial
performance. Accordingly, we look forward to the 2018 Annual Meeting of Shareholders, where we expect that we, and other concerned
shareholders, will have a chance to make our voices heard.