13D Filing: JCP Investment Management, LLC and Fiesta Restaurant Group Inc. (FRGI)

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(b) 1. Sole power to vote or direct vote: 397,239
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 397,239
4. Shared power to dispose or direct the disposition: 0
(c) Bandera Master Fund has not entered into any transactions in the Shares since the filing of Amendment
No. 4 to the Schedule 13D.
N. Bandera Partners
(a) Bandera Partners, as the investment manager of Bandera Master Fund, may be deemed the beneficial
owner of the 397,239 Shares owned by Bandera Master Fund.

Percentage: Approximately
1.47%

(b) 1. Sole power to vote or direct vote: 397,239
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 397,239
4. Shared power to dispose or direct the disposition: 0
(c) Bandera Partners has not entered into any transactions in the Shares since the filing of Amendment
No. 4 to the Schedule 13D.
O. Messrs. Bylinsky and Gramm
(a) Each of Messrs. Bylinsky and Gramm, as the Managing Partners, Managing Directors and Portfolio
Managers of Bandera Partners, may be deemed the beneficial owner of the 397,239 Shares owned by Bandera Master Fund.

Percentage: Approximately
1.47%

(b) 1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 397,239
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 397,239
(c) Neither of Messrs. Bylinsky or Gramm have entered into any transactions in the Shares since the
filing of Amendment No. 4 to the Schedule 13D.
P. Lake Trail Fund
(a) As of the close of business on May 17, 2017, Lake Trail Fund beneficially owned 600,000 Shares.

Percentage: Approximately
2.22%

(b) 1. Sole power to vote or direct vote: 600,000
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 600,000
4. Shared power to dispose or direct the disposition: 0
(c) Lake Trail Fund has not entered into any transactions in the Shares since the filing of Amendment
No. 4 to the Schedule 13D.
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