<SEC-DOCUMENT>0001174947-21-000051.txt : 20210127
<SEC-HEADER>0001174947-21-000051.hdr.sgml : 20210127
<ACCEPTANCE-DATETIME>20210127171659
ACCESSION NUMBER:		0001174947-21-000051
CONFORMED SUBMISSION TYPE:	SC 13D
PUBLIC DOCUMENT COUNT:		4
FILED AS OF DATE:		20210127
DATE AS OF CHANGE:		20210127

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FLANIGANS ENTERPRISES INC
		CENTRAL INDEX KEY:			0000012040
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				590877638
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1003

	FILING VALUES:
		FORM TYPE:		SC 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-33026
		FILM NUMBER:		21560912

	BUSINESS ADDRESS:	
		STREET 1:		5059 N.E. 18TH AVENUE
		CITY:			FORT LAUDERDALE
		STATE:			FL
		ZIP:			33334
		BUSINESS PHONE:		954-377-1961

	MAIL ADDRESS:	
		STREET 1:		5059 N.E. 18TH AVENUE
		CITY:			FORT LAUDERDALE
		STATE:			FL
		ZIP:			33334

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BIG DADDYS LOUNGES INC
		DATE OF NAME CHANGE:	19780309

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CASTLEWOOD INTERNATIONAL CORP
		DATE OF NAME CHANGE:	19760222

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MOSAM CORP
		DATE OF NAME CHANGE:	19690415

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FLANIGAN JAMES II
		CENTRAL INDEX KEY:			0001193037

	FILING VALUES:
		FORM TYPE:		SC 13D

	MAIL ADDRESS:	
		STREET 1:		5059 NORTHEAST 18TH AVE
		CITY:			FORT LAUDERDALE
		STATE:			FL
		ZIP:			33334
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<FILENAME>sc13d-25295_flan.htm
<DESCRIPTION>SC 13D
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES&nbsp;AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 13.5pt 0 0; text-align: center"><B>SCHEDULE 13D</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: center"><B>Under the Securities Exchange Act of
1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Amendment No.__)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>FLANIGAN&rsquo;S ENTERPRISES, INC.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Name of Issuer)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>Common Stock</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Title of Class of Securities)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>338517105 </U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(CUSIP Number)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Jeffrey D. Kastner</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Flanigan&rsquo;s Enterprises, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>5059 N.E. 18th Avenue</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Fort Lauderdale, Florida 33334</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>(954) 377-1961</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>January 4, 2021*</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">(Date of Event
which Requires Filing of this Statement)</FONT>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 13.5pt 0 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule
13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box&nbsp; </FONT><FONT STYLE="font-family: Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">* This Schedule 13 D amends
and restates and updates the information contained in any and all prior Statements on Schedule 13D previously filed by James G.
Flanigan (the &ldquo;Reporting Person&rdquo;) relating to the Common Stock of Flanigan&rsquo;s Enterprises, Inc. (the &ldquo;Issuer&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 181.5pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">CUSIP No. 338517105</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 8.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;&nbsp;&nbsp;&nbsp;1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2.25pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="vertical-align: top; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 4.3pt 0 1.5pt">NAME OF REPORTING PERSONS</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 4.3pt 0 1.5pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 4.3pt 0 1.5pt">&nbsp;James G. Flanigan</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 8.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;&nbsp;&nbsp;&nbsp;2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2.25pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 4.3pt 0 1.45pt">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 4.3pt 0 1.45pt">(a) &#9744; &nbsp;(b)&nbsp;&nbsp; &#9744; &nbsp;&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 4.3pt 0 1.5pt">&nbsp;</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 8.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;&nbsp;&nbsp;&nbsp;3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2.25pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 4.3pt 0 1.5pt">SEC USE ONLY</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 4.3pt 0 1.5pt">&nbsp;</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 8.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;&nbsp;&nbsp;&nbsp;4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2.25pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 4.3pt 0 1.5pt">SOURCE OF FUNDS</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 4.3pt 0 1.5pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 4.3pt 0 1.5pt">&nbsp;PF</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 8.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;&nbsp;&nbsp;&nbsp;5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2.25pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 4.3pt; padding-left: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM&nbsp;2(d) or 2(e) </FONT><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 8.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;&nbsp;&nbsp;&nbsp;6</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2.25pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 4.3pt 0 1.5pt">CITIZENSHIP OR PLACE OF ORGANIZATION</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 4.3pt 0 1.5pt">&nbsp;United States</P></TD></TR>
<TR>
    <TD COLSPAN="3" ROWSPAN="8" STYLE="border-left: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 12.75pt; text-align: center">NUMBER OF</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 12.75pt; text-align: center">SHARES</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 12.75pt; text-align: center">BENEFICIALLY</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 12.75pt; text-align: center">OWNED BY EACH</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 12.75pt; text-align: center">REPORTING PERSON</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 12.75pt; text-align: center">WITH</P></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-left: black 1pt solid; padding-left: 2.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 2.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-right: black 1pt solid; padding-left: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">SOLE VOTING POWER&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 7.5pt; padding-left: 1.5pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">955,714</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5pt">Shares</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5pt">&nbsp;</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; padding-left: 2.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>8</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; padding-left: 2.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-right: black 1pt solid; padding-right: 7.5pt; padding-left: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">SHARED VOTING POWER</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 7.5pt; padding-left: 1.5pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">13,476</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5pt">Shares</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5pt">&nbsp;</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; padding-left: 2.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; padding-left: 2.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-right: black 1pt solid; padding-right: 7.5pt; padding-left: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">SOLE DISPOSITIVE POWER</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 7.5pt; padding-left: 1.5pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">817,020</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5pt">Shares</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5pt">&nbsp;</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; padding-left: 2.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>10</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; padding-left: 2.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-right: black 1pt solid; padding-right: 7.5pt; padding-left: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">SHARED DISPOSITIVE POWER</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 7.5pt; padding-left: 1.5pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">152,170</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5pt">Shares</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5pt">&nbsp;</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; border-left: black 1pt solid; padding-left: 8.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;&nbsp;11</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; border-left: black 1pt solid; padding-left: 2.25pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="vertical-align: top; border-top: black 1pt solid; border-right: black 1pt solid; padding-right: 4.3pt; padding-left: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 8.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.5pt; padding-left: 1.5pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">969,190</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Shares *</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 8.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;&nbsp;12</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2.25pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 4.3pt; padding-left: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) </FONT><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; padding-left: 8.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;&nbsp;13</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; padding-left: 2.25pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="vertical-align: top; border-right: black 1pt solid; padding-right: 4.3pt; padding-left: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2.25pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 4.3pt; padding-left: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;52.1%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 8.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;&nbsp;14</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 2.25pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 4.3pt 0 1.5pt">TYPE OF REPORTING PERSON</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 4.3pt 0 1.5pt">IN</P></TD></TR>
<TR>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 47%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">-----------------------------------</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">* Includes: (a) 741,796 shares owned of record
by Flanigan Family Stock Holdings, LLC, a Florida limited liability company (&ldquo;FFSH&rdquo;). James G. Flanigan is a member
and the sole Manager of FFSH and has sole voting and dispositive power over such 741,796 shares; (b) 138,694 shares owned of record
by Motta-Flanigan LLC, a Florida limited liability company (&ldquo;MFC&rdquo;). James G. Flanigan is the sole Manager of MFC, has
sole voting power over such 138,694 shares, and shares dispositive power over such shares with Patricia Ann Motta and James D.
Motta, the trustees of a Motta family trust which is the sole member of MFC; (c) 13,076 shares owned by James G. Flanigan&rsquo;s
spouse for which he has shared voting and dispositive power; and (d) 400 shares owned by the children of James G. Flanigan over
which he has shared voting and dispositive power as their custodian.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0">CUSIP No. 338517105</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in; text-align: center; text-indent: -103.5pt">EXPLANATORY
NOTE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This Schedule 13 D amends
and restates and updates the information contained in any and all prior Statements on Schedule 13D previously filed by James G.
Flanigan (the &ldquo;Reporting Person&rdquo;) relating to the Common Stock of Flanigan&rsquo;s Enterprises, Inc. (the &ldquo;Issuer&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>ITEM 1.</B></TD><TD><B>SECURITY AND ISSUER.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">This statement relates
to the shares of Common Stock of Flanigan&rsquo;s Enterprises, Inc., a Florida corporation. The address of the Issuer is 5059 N.E.
18th Avenue, Fort Lauderdale, Florida 33334.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>ITEM 2.</B></TD><TD><B>IDENTITY AND BACKGROUND.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The following sets forth
the Reporting Person&rsquo;s: a) name; b) residence or business address; c) present principal occupation or employment and the
name, principal business and address of any corporation or other organizations in which such employment is conducted; d) whether
or not, during the last five years, such Reporting Person was convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors); e) whether or not, during the last five years, such Reporting Person was a party to a civil proceeding
or a judicial or administrative body of competent jurisdiction as a result of which such Reporting Person was, or is, subject to
a judgment, decree or final order enjoining future violations of, prohibiting or mandating activities subject to, federal or state
securities laws or finding violations with respect to such laws; and f) citizenship.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">James. G. Flanigan</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">5059 N.E. 18th Avenue, Fort Lauderdale, Florida 33334</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">Chief Executive Officer, President, and Chairman of the Board of Flanigan&rsquo;s
Enterprises, Inc.</TD></TR></TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1.5in; text-align: justify; text-indent: -0.5in">5059 N.E.
18th Avenue, Fort Lauderdale, Florida 33334</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">No</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">No</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">United States</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Of the 969,190 shares
of Common Stock of the Issuer beneficially owned by Mr. Flanigan, (a) 459,810 shares were acquired on August 31, 2020 pursuant
to the terms of that certain Contribution Agreement dated August 31, 2020 by and among Flanigan Family Stock Holdings, LLC, a Florida
limited liability company (&ldquo;FFSH&rdquo;), James G. Flanigan, Michael B. Flanigan, Patrick J. Flanigan, Margaret Fraser and
various family trusts (collectively, the &ldquo;Contributors&rdquo;) pursuant to which each of the Contributors transferred shares
of Common Stock of the Issuer to FFSH in exchange for a pro-rata membership interest in FFSH; (b) 138,694 shares were acquired
on January 4, 2021 in connection with the transfer by Patricia Ann Motta and James D. Motta, as trustees of a family trust, of
such shares of Common Stock to Motta-Flanigan LLC, a Florida limited liability company (&ldquo;MFC&rdquo;), in exchange for a 100%
membership interest in MFC (the &ldquo;Motta Transfer&rdquo;); and (c) 88,700 shares were acquired in open market purchases with
personal funds at various dates prior to the transactions described in (a) and (b). Pursuant to the Operating Agreements of FFSH,
James G. Flanigan is the sole Manager of FFSH and has sole voting and dispositive power over the shares of Common Stock owned of
record by FFSH. Pursuant to the Operating Agreement of MFC, James G. Flanigan is the sole Manager of MFC, has sole voting power
over the shares of Common Stock owned of record by MFC, and shares dispositive power over such shares of Common Stock with Patricia
Ann Motta and James D. Motta, the trustees of the sole member of MFC except with respect to a transaction involving the disposition
of MFC&rsquo;s shares of Common Stock in conjunction with all shares held by the Flanigan family, in which case Mr. Flanigan has
sole dispositive power.</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">CUSIP No. 338517105</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>ITEM 4.</B></TD><TD STYLE="text-align: justify"><B>PURPOSE OF TRANSACTION.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Pursuant to the
Contribution Agreement and the Motta Transfer, the Reporting Person acquired the shares of Common Stock in a reorganization of
share ownership by the members of the immediate family of James G. Flanigan for investment and family planning purposes. The Reporting
Person has no present plans or proposals which would result in, or are related to, any of the transactions described in subparagraphs
(a) through (j) of Item 4 under Schedule 13D.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Subject to availability
of shares at prices deemed favorable by the Reporting Person, the Reporting Person may acquire additional shares of Common Stock
in the open market, in privately negotiated transactions with third parties, or otherwise by means of personal funds of the Reporting
Person or working capital as contributed by the members of the Affiliated Companies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Depending on prevailing
conditions and the Reporting Person&rsquo;s evaluation of the factors described above, the Reporting Person also may determine
to sell, in the open market, in privately negotiated transactions with third parties or otherwise, or donate, all or part of the
shares of Common Stock referenced hereby, depending on the course of action that the Reporting Person pursues with regard to his
and the members of the Affiliated Companies&rsquo; investments generally, the price of shares of Common Stock, market conditions
and other factors and may, at any time and from time to time, engage in hedging or similar transactions with respect to the shares
of Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The information
set forth in Item, 3 is incorporated by reference in its entirety into this Item 4.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>ITEM 5.</B></TD><TD STYLE="text-align: justify"><B>INTEREST IN SECURITIES OF THE ISSUER.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(a)-(b) The information
contained in rows 7, 8, 9, 10, 11 and 13 on the cover page of this Schedule 13D and the information set forth or incorporated in
Items 2, 3, 4 and 6 is incorporated by reference in its entirety into this Item 5.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(c) In the last
60 days prior to the filing of this Amendment Schedule 13D, Mr. Flanigan has not effected any transactions in the shares of Common
Stock other than the Motta Transfer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Reporting Person
undertakes to provide upon request by the staff of the Securities and Exchange Commission full information regarding the number
of shares acquired.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Other than the members
of the Affiliated Companies who will receive, on a pro-rata basis, all of the respective economic benefit derived by the record
ownership of the shares of the Issuer&rsquo;s Common Stock by the Affiliated Companies, no other person is known by the Reporting
Person to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any
shares of the Issuer beneficially owned by the Reporting Person.</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">CUSIP No. 338517105</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>ITEM 6.</B></TD><TD STYLE="text-align: justify"><B>CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">To the knowledge
of the Reporting Person, except for the matters described in this Schedule 13D, there is no contract, arrangement, understanding
or relationship (legal or otherwise) between the Reporting Person and any other person with respect to any securities of the Issuer.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>ITEM 7.</B></TD><TD STYLE="text-align: justify"><B>MATERIALS TO BE FILED AS EXHIBITS.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">                                                                                                                                                                                                                                                                                                                                                                                                                  <TR STYLE="font: bold 10pt Times New Roman, Times, Serif; vertical-align: top; text-decoration: underline">
<TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-decoration: underline">Exhibit No.</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: justify; text-decoration: underline">Title</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.75in">1.</TD><TD STYLE="text-align: justify"><A HREF="ex1.htm">Contribution Agreement dated August 31, 2020.</A></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.75in">2.</TD><TD STYLE="text-align: justify"><A HREF="ex2.htm">Operating Agreement of Flanigan Family Holdings, LLC dated August 31, 2020, as amended by that certain First Amendment dated August 31, 2020.</A></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.75in">3.</TD><TD STYLE="text-align: justify"><A HREF="ex3.htm">Operating Agreement of Motta-Flanigan LLC dated November 3, 2020.</A></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9pt 0 0">After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true, complete and correct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif">Dated: January 27, 2021</FONT></TD>
    <TD STYLE="width: 55%"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>/s/ James G. Flanigan&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">James G. Flanigan</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9pt 0 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9pt 0 0"></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>ex1.htm
<DESCRIPTION>EX-1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Exhibit 1</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CONTRIBUTION AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">THIS
CONTRIBUTION AGREEMENT (this &ldquo;<B><U>Agreement</U></B>&rdquo;), dated as of August 31, 2020, is by and among the undersigned
shareholders (the &ldquo;<B><U>Shareholders</U></B>&rdquo;) of FLANIGAN&rsquo;S ENTERPRISES, INC., a Florida corporation (&ldquo;<B><U>FEI</U></B>&rdquo;),
and FLANIGAN FAMILY STOCK HOLDINGS, LLC, a Florida limited liability company (&ldquo;<B><U>FFSH</U></B>&rdquo;). Each of the parties
to this Agreement is individually referred to herein as a &ldquo;<B><U>Party</U></B>&rdquo; and collectively as the &ldquo;<B><U>Parties</U></B>.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>RECITALS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Shareholders own, in the aggregate, 741,796 shares of common stock, par value $0.10 (the &ldquo;<B><U>Common Stock</U></B>&rdquo;)
of FEI (collectively, the &ldquo;<B><U>FEI Shares</U></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Shareholders believe it is in their respective best interests to contribute their FEI Shares to FFSH in exchange for newly-issued
membership interests of FFSH (hereinafter referred to as the &ldquo;<B><U>FFSH Interests</U></B>&rdquo;), in the amounts and classes
set forth on <B><U>Exhibit A</U></B> (the &ldquo;<B>Contribution</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Immediately
after the Contribution, the Shareholders will own 100% of the membership interests of FFSH, and FFSH will own all of the Common
Shares, representing 39.9% of the outstanding capital stock of FEI.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">D. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It
is the intention of the Parties that the Contribution in accordance with the terms of this Agreement is intended to qualify as
(i) a transaction in securities exempt from registration or qualification under the Securities Act of 1933, as amended and in effect
on the date of this Agreement (the &ldquo;<B><U>Securities Act</U></B>&rdquo;) and (ii) a tax-free reorganization under the Internal
Revenue Code of 1986, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">NOW THEREFORE, for good
and valuable consideration the receipt and sufficiency is hereby acknowledged, the Parties hereto intending to be legally bound
hereby agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article
1</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CONTRIBUTION AND EXCHANGE OF FEI SHARES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Recitals</U></B>.
The Parties acknowledge and agree that the Recitals stated above are true and correct in all material respects.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Shareholders&rsquo;
Contribution of FEI Shares in Exchange for FFSH Interests</U></B>.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject
to the terms and conditions set forth in this Agreement, each Shareholder hereby agrees to contribute to FFSH at the Closing (as
defined below) all right, title and interest in the FEI Shares, and in consideration therefor, FFSH shall issue to the Shareholders
the respective number and class of FFSH Interests set forth on <B><U>Exhibit A</U></B> hereto and shall deliver to each of the
Shareholders the certificates therefor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
the Closing, each of the Shareholders will become a party to the Operating Agreement of FFSH in the form attached hereto as <B><U>Exhibit
B</U></B> (the &ldquo;<B><U>FFSH Operating Agreement</U></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
the Closing, the Shareholders shall cause FEI&rsquo;s transfer agent to cancel the certificates representing the FEI Shares and
issue i/n/o FFSH 741,796 shares of FEI&rsquo;s Common Stock. All FFSH Interests issued to the Shareholders upon the surrender of
the FEI Shares in accordance with the terms of this Agreement shall be deemed to have been issued in full satisfaction of all Shareholders&rsquo;
rights pertaining to the FEI Shares and on the Closing Date (it being understood that at the Closing all rights pertaining to the
FEI Shares shall be vested in FFSH), the Shareholders shall have ceased to have any rights with respect to the FEI Shares, except
as otherwise provided for by applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>1.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Closing</U></B>.&nbsp;&nbsp;The
closing of the transactions contemplated by this Agreement (the &ldquo;<B><U>Closing</U></B>&rdquo;) shall take place at the offices
of FEI on the date hereof or at such other place or time and in such manner (including by email, fax or other electronic means)
as the Parties may agree. The date on which the Closing actually occurs is referenced herein as the &ldquo;<B><U>Closing Date</U></B>&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article
2</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>REPRESENTATIONS, COVENANTS AND WARRANTIES
OF FFSH</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">FFSH hereby represents
and warrants to FEI and the Shareholders as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Organization
and Authorization</U></B>. FFSH is a limited liability company duly organized and validly existing under the laws of Florida. The
execution, delivery and performance of this Agreement and the transactions contemplated hereby have been duly and validly authorized
by all necessary limited liability company action on the part of FFSH. This Agreement and the transactions contemplated hereby
constitute (or will upon execution constitute) the legally valid and binding obligations of FFSH, enforceable against FFSH in accordance
with their respective terms except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium
and other similar laws and equitable principles relating to or limiting creditors&rsquo; rights generally.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article
3</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>REPRESENTATIONS AND WARRANTIES OF THE SHAREHOLDERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.55in">Each of the Shareholders
hereby represents and warrants to FFSH and to each other Shareholder as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Good
Title</U></B>.&nbsp;&nbsp;The Shareholder is the record and beneficial owner, and has good and marketable title to the FEI Shares
listed for such Shareholder on <B><U>Exhibit A</U></B>, with the right and authority to sell and deliver such FEI Shares to FFSH
as provided herein.&nbsp;&nbsp;The Shareholder owns such FEI Shares free and clear of all any and all liens, claims, encumbrances,
preemptive rights, right of first refusal and adverse interests of any kind. Upon registering of FFSH as the new owner of such
FEI Shares in the register of FEI, FFSH will receive good title to such FEI Shares, free and clear of all liens, security interests,
pledges, equities and claims of any kind, voting trusts, agreements among the Shareholders and other encumbrances.&nbsp;&nbsp;The
FEI Shares set forth on <B><U>Exhibit A</U></B> are and will be at Closing, all of the FEI Shares of FEI.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Power
and Authority</U></B>.&nbsp;&nbsp;All acts required to be taken by the Shareholder to enter into this Agreement and to carry out
the transactions contemplated hereby have been properly taken.&nbsp;&nbsp;This Agreement constitutes a legal, valid and binding
obligation of the Shareholder, enforceable against such Shareholder in accordance with the terms hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>3.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Available
Information</U></B>.&nbsp;&nbsp;The Shareholder has such knowledge and experience in financial and business matters that it is
capable of evaluating the merits and risks of an investment in FFSH.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>3.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Acknowledgement</U></B>.
The Shareholder understands that the FFSH Interests have not been registered under the Securities Act and, if issued in accordance
with the provisions of this Agreement, will be issued by reason of a specific exemption from the registration provisions of the
Securities Act which depends upon, among other things, the bona fide nature of the investment intent and the accuracy of the Shareholder&rsquo;s
representations as expressed herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>3.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Legends</U></B>.&nbsp;The
certificates evidencing the FFSH Interests will bear the following legend or another legend that is similar to the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in; text-align: justify">THESE SECURITIES HAVE NOT BEEN REGISTERED
WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE &ldquo;SECURITIES ACT&rdquo;), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT
PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION
NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS
EVIDENCED BY A LEGAL OPINION OF COUNSEL ACCEPTABLE TO FEI TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE
TO FEI.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">and any legend required by the FFSH Operating
Agreement and &ldquo;blue sky&rdquo; laws of any state to the extent such laws are applicable to the securities represented by
the certificate so legended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>3.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Accredited
Investor</U></B>.&nbsp;&nbsp;The Shareholder is: (a) an &ldquo;accredited investor&rdquo; within the meaning of Rule 501 under
the Securities Act; or (b) a non-accredited investor who is a sophisticated person within the meaning of Rule 506(b)(2)(ii) of
Regulation D promulgated under the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>3.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Shareholder
Acknowledgment</U></B>.&nbsp;&nbsp; The Shareholder is aware of FEI&rsquo;s business affairs and financial condition and has reached
an informed and knowledgeable decision to contribute the FEI Shares in exchange for the FFSH Interests.&nbsp;&nbsp; The Shareholder
has received satisfactory answers to any questions the Shareholder has asked and desires to complete the contribution of the FEI
Shares in exchange for FFSH Interests contemplated under this Agreement.&nbsp;&nbsp; Shareholder has had the opportunity to obtain
any additional information that FEI or FFSH possesses, or can acquire without unreasonable effort or expense, that the Shareholder
deems necessary to verify the accuracy of the information provided, and has received all such additional information requested.
Neither FFSH, Company nor any other person shall have any liability to the Shareholder or any other person or entity, and the Shareholder
waives and releases any claims that it might have against FFSH, Company or any other party that is based, in whole or in part,
on any disparity in access to FFSH, Company, knowledge, information or beliefs, including, without limitation, under any federal
or state securities laws, common law or statute, rule or regulation.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>3.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Opportunity
to Obtain Counsel</U></B>. Each Shareholder acknowledges that such Shareholder has had opportunity to consult his, her or its own
legal counsel and other advisors, as necessary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase">Article
4</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CLOSING DELIVERIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The obligations of the
Parties to consummate the transactions contemplated by this Agreement are subject to the fulfillment, at the Closing, of the following
conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Consents
and Approvals</U></B>. All consents, waivers, authorizations and approvals of any governmental or regulatory authority, domestic
or foreign, and of any other person, firm or corporation, required in connection with the execution, delivery and performance of
this Agreement shall be in full force and effect on the Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>4.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Closing
Deliveries of the Shareholders</U></B>. At the Closing, the Shareholders shall deliver or cause to be delivered the following documents:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;transfer
instructions and stock powers endorsed in blank to FEI&rsquo;s transfer agent in the form attached hereto as <B><U>Exhibit C</U></B>
regarding the transfer by Shareholders of FEI Shares to FFSH pursuant to Section 1.2;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
FFSH Operating Agreement duly executed by each of the Shareholders; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;such
other documents as FFSH may reasonably request for the purpose of facilitating the consummation or performance of any of the transactions
contemplated by this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>4.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Closing
Deliveries of FFSH</U></B>: At the Closing, FFSH shall deliver the following documents:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;certificates
evidencing the FFSH Interests registered in the name of the Shareholders in accordance with <B><U>Exhibit A</U></B>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
FFSH Operating Agreement duly executed by FFSH; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;such
other documents as the Shareholders may reasonably request for the purpose of facilitating the consummation or performance of any
of the transactions contemplated by this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase">Article
5</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>ADDITIONAL OBLIGATIONS AND COVENANTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Further
Assurances</U></B>. From time to time, as and when requested by any Party hereto, the other Parties shall execute and deliver,
or cause to be executed and delivered, all such documents and instruments and shall take, or cause to be taken, all such further
or other actions as the requesting Party may reasonably deem necessary or desirable to evidence and effectuate the transactions
contemplated by this Agreement (including, without limitation, any documents and agreements as FEI or FFSH or their respective
advisors may deem necessary or desirable in order for the FEI Shares to be issued to the FFSH in compliance with all relevant securities
laws), provided that such actions shall be at no cost or additional liability to such Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Counsel</U></B>.
FFSH and each Shareholder acknowledge and agree that (a) Rennert Vogel Mandler &amp; Rodriguez, P.A. (&ldquo;<B><U>RVMR</U></B>&rdquo;)
has not and does not represent the Shareholders in connection with this transaction and has prepared this Agreement as a matter
of convenience of the Parties, and (b) FFSH and the Shareholders hereby waive any conflict of interest that may arise in connection
with RVMR&rsquo;s ongoing representation of FEI after the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase">Article
6</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>MISCELLANEOUS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendments;
Waivers; No Additional Consideration</U></B>.&nbsp;&nbsp;No provision of this Agreement may be waived or amended except in a written
instrument signed by FFSH and the Shareholders.&nbsp;&nbsp;No waiver of any default with respect to any provision, condition or
requirement of this Agreement shall be deemed to be a continuing waiver in the future or a waiver of any subsequent default or
a waiver of any other provision, condition or requirement hereof, nor shall any delay or omission of any Party to exercise any
right hereunder in any manner impair the exercise of any such right.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>6.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices</U></B>.&nbsp;&nbsp;All
notices, requests, claims, demands and other communications under this Agreement shall be in writing and shall be deemed given
upon receipt by the Parties at the following addresses (or at such other address for a Party as shall be specified by like notice):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1in">&nbsp;</TD>
    <TD STYLE="width: 1in"><FONT STYLE="font-size: 10pt">If to FFSH, to:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Flanigan Family Stock Holdings, LLC</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">5059 NE 18th Avenue</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Fort Lauderdale, Florida 33334</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Attn: James G. Flanigan, Manager </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">If to any Shareholder, to the relevant
address set forth on <B><U>Exhibit A</U></B> hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>6.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Interpretation</U></B>.&nbsp;&nbsp;When
a reference is made in this Agreement to a Section, such reference shall be to a Section of this Agreement unless otherwise indicated.&nbsp;&nbsp;Whenever
the words &ldquo;include,&rdquo; &ldquo;includes&rdquo; or &ldquo;including&rdquo; are used in this Agreement, they shall be deemed
to be followed by the words &ldquo;without limitation.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>6.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Severability</U></B>.&nbsp;&nbsp;If
any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule or Law, or public
policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the
economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any Party.&nbsp;&nbsp;Upon
such determination that any term or other provision is invalid, illegal or incapable of being enforced, the Parties shall negotiate
in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable
manner to the end that transactions contemplated hereby are fulfilled to the extent possible.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>6.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Counterparts;
Facsimile Execution</U></B>.&nbsp;&nbsp;This Agreement may be executed in one or more counterparts, all of which shall be considered
one and the same agreement and shall become effective when one or more counterparts have been signed by each of the Parties and
delivered to the other Parties.&nbsp;&nbsp;Facsimile execution and facsimile or electronic delivery of this Agreement is legal,
valid and binding for all purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>6.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Entire
Agreement; Third Party Beneficiaries</U></B>. This Agreement, taken together with the schedules included herein, (a) constitute
the entire agreement, and supersede all prior agreements and understandings, both written and oral, among the Parties with respect
to the transactions contemplated hereby; and (b) are not intended to confer upon any person other than the Parties any rights or
remedies. The representations and warranties contained in this Agreement shall survive the Closing and the termination of this
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>6.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Governing
Law</U></B>.&nbsp;&nbsp;This Agreement shall be governed by, and construed in accordance with, the internal laws of the State of
Florida, without reference to principles of conflicts of laws.&nbsp;&nbsp;Any action or proceeding brought for the purpose of enforcement
of any term or provision of this Agreement shall be brought only in the Federal or state courts sitting in Florida and the Parties
hereby waive any and all rights to trial by jury.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>6.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Assignment</U></B>.&nbsp;&nbsp;Neither
this Agreement nor any of the rights, interests or obligations under this Agreement shall be assigned, in whole or in part, by
operation of law or otherwise by any of the Parties without the prior written consent of the other Parties.&nbsp;&nbsp;Any purported
assignment without such consent shall be void.&nbsp;&nbsp;Subject to the preceding sentences, this Agreement will be binding upon,
inure to the benefit of, and be enforceable by, the Parties and their respective successors and assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>&nbsp;</I></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF, the
parties hereto have executed and delivered this Contribution Agreement as of the date first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>FLANIGAN FAMILY STOCK HOLDINGS, LLC</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>By: /s/ James G. Flanigan</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">James G. Flanigan, Manager</P>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%; padding-right: 5.4pt; padding-left: 0; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>SHAREHOLDERS:</B></FONT></TD>
    <TD STYLE="width: 52%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>/s/ James G. Flanigan</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">James G. Flanigan</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Flanigan Grandchildren Irrevocable Trust
        #5 dated 6/26/2001</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">By: <U>/s/ James G. Flanigan</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">James G. Flanigan, Trustee</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>/s/ Margaret F. Fraser</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Margaret F. Fraser</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Flanigan Step-Grandchildren Irrevocable
        Trust dated 2/19/2004</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">By: <U>/s/ Michael B. Flanigan</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">Michael B. Flanigan, Trustee</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>/s/ Michael B. Flanigan</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Michael B. Flanigan</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Flanigan Grandchildren Irrevocable Trust #4 dated 6/26/2001</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">By: <U>/s/ Michael B. Flanigan</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Michael B. Flanigan, Trustee</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>/s/ Patrick J. Flanigan</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Patrick J. Flanigan</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Flanigan Grandchildren Irrevocable Trust #3 dated 6/26/2001</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">By: _<U>/s/ Patrick J. Flanigan</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Patrick J. Flanigan, Trustee</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B><U>EXHIBIT A</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Shareholders Contributing Shares of Flanigan&rsquo;s
Enterprises, Inc. (&ldquo;FEI&rdquo;)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>in Exchange for Membership Interests in Flanigan
Family Stock Holdings, LLC (&ldquo;FFSH&rdquo;)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt"><B><U>Shareholder / Member</U></B></FONT></TD>
    <TD STYLE="border-top: Black 1pt dotted; border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>FEI Shares<BR>
 <U>Contributed</U></B></FONT></TD>
    <TD STYLE="border-top: Black 1pt dotted; border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>FFSH Membership <BR>
Interests Received <BR>
in Exchange</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt dotted; border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Class of<BR>
 Membership<BR>
 <U>Interests</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><U>Class A Members</U>:</B></P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 21pt; padding-left: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="width: 43%; border-bottom: Black 1pt dotted; border-right: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">James G. Flanigan</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">8330 N.W 159th Terrace</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Miami Lakes, Florida 33024</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="width: 16%; border-bottom: Black 1pt dotted; border-right: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-size: 10pt">268,286</FONT></TD>
    <TD STYLE="width: 21%; border-bottom: Black 1pt dotted; border-right: Black 1pt dotted; padding-right: 21pt; padding-left: 6pt; text-align: right"><FONT STYLE="font-size: 10pt">36.2%</FONT></TD>
    <TD STYLE="width: 15%; border-bottom: Black 1pt dotted; border-right: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-size: 10pt">Class A</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">James G. Flanigan, Trustee of The <BR>
Flanigan Grandchildren Irrevocable
        Trust <BR>
#5 dated 6/26/2001</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-size: 10pt">13,700</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 21pt; padding-left: 6pt; text-align: right"><FONT STYLE="font-size: 10pt">1.8%</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-size: 10pt">Class A</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Michael B. Flanigan</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">601 Overlook Drive</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Stuart, Florida 34994</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-size: 10pt">155,022</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 21pt; padding-left: 6pt; text-align: right"><FONT STYLE="font-size: 10pt">20.9%</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-size: 10pt">Class A</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Michael B. Flanigan, Trustee of The <BR>
Flanigan Grandchildren Irrevocable
        Trust <BR>
#4 dated 6/26/2001</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">601 Overlook Drive</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Stuart, Florida 34994</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-size: 10pt">10,200</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 21pt; padding-left: 6pt; text-align: right"><FONT STYLE="font-size: 10pt">1.4%</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-size: 10pt">Class A</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Michael B. Flanigan, Trustee of The <BR>
Flanigan Step-Grandchildren
        Irrevocable <BR>
Trust dated 2/19/2004</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">601 Overlook Drive</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Stuart, Florida 34994</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-size: 10pt">3,500</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 21pt; padding-left: 6pt; text-align: right"><FONT STYLE="font-size: 10pt">0.5%</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-size: 10pt">Class A</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Patrick J. Flanigan, Trustee of The <BR>
Flanigan Grandchildren Irrevocable
        Trust <BR>
#3 dated 6/26/2001</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">722 N.W. Sunset Drive</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Stuart, Florida 34994</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-size: 10pt">13,700</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 21pt; padding-left: 6pt; text-align: right"><FONT STYLE="font-size: 10pt">1.8%</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-size: 10pt">Class A</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Margaret F. Fraser</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">6242 Camanito del Oeste</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">San Diego, CA 92111</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-size: 10pt">138,694</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 21pt; padding-left: 6pt; text-align: right"><FONT STYLE="font-size: 10pt">18.7%</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-size: 10pt">Class A</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><U>Class B Member</U>:</B></P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 21pt; padding-left: 6pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Patrick J. Flanigan</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">722 N.W. Sunset Drive</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Stuart, Florida 34994</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-size: 10pt">138,694</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 21pt 0 0; text-align: right">18.7%</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 21pt 0 0; text-align: right">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-size: 10pt">Class B</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt"><FONT STYLE="font-size: 10pt"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>741,796</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 21pt; padding-left: 6pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>100.00%</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center">&nbsp;</TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FIRST AMENDMENT TO OPERATING AGREEMENT </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>OF </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FLANIGAN FAMILY STOCK HOLDINGS, LLC</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-indent: 1in">THIS FIRST AMENDMENT TO OPERATING AGREEMENT (this &ldquo;Amendment&rdquo;) of Flanigan Family
Stock Holdings, LLC, a Florida limited liability company (the &ldquo;Company&rdquo;), is hereby entered into by and among the undersigned
members (the &ldquo;Members&rdquo;) of the Company, and James G. Flanigan as manager (the &ldquo;Manager&rdquo;) as of August 31,
2020.</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">RECITALS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">WHEREAS, the Company
was organized as a Florida limited liability company on October 18, 2017;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">WHEREAS, on August
31, 2020 the Members and the Manager entered into an Operating Agreement of the Company (the &ldquo;Operating Agreement&rdquo;).
Capitalized terms that are used but not defined herein shall have the meanings set forth in the Operating Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">WHEREAS, the undersigned
Members own 100% of the Membership Interests of the Company; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">WHEREAS, the Members
and the Manager agree and acknowledge that the original <U>Schedule A</U> to the Operating Agreement was incorrect and have approved
this Amendment to correct such <U>Schedule A</U> in accordance with the requirements of the Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">NOW, THEREFORE,
in consideration of the foregoing, and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Members hereby agree to the following.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amendment
to Operating Agreement</B>. <U>Schedule A</U> to the Operating Agreement is hereby amended and restated in its entirety as follows:</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B><U>SCHEDULE A</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Members of </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Flanigan Family Stock Holdings, LLC</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 4%; border: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 37%; border-top: Black 1pt dotted; border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Members</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 25%; border-top: Black 1pt dotted; border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Initially Contributed<BR>
 Shares of Stock of F<BR>
lanigan&rsquo;s Enterprises, Inc.</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 14%; border-top: Black 1pt dotted; border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Class of<BR>
 Membership<BR>
 Interests</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 20%; border-top: Black 1pt dotted; border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>LLC Membership<BR>
 Interests Received in <BR>
Exchange</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #D0CECE">
    <TD COLSPAN="5" STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><U>Class A Members</U>:</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">James G. Flanigan</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">8330 N.W 159th Terrace</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Miami Lakes, FL 33024</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">268,286</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Class A</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 21pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">36.2%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">James G. Flanigan, Trustee of The <BR>
Flanigan Grandchildren Irrevocable
        Trust <BR>
#5 dated 6/26/2001</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">8330 N.W 159th Terrace</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Miami Lakes, FL 33024</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13,700</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Class A</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 21pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.8%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Michael B. Flanigan</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">601 Overlook Drive</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Stuart, FL 34994</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">155,022</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Class A</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 21pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20.9%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Michael B. Flanigan, Trustee of The <BR>
Flanigan Grandchildren Irrevocable
        Trust <BR>
#4 dated 6/26/2001</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">601 Overlook Drive</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Stuart, FL 34994</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10,200</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Class A</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 21pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.4%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Michael B. Flanigan, Trustee of The <BR>
Flanigan Step-Grandchildren
        Irrevocable <BR>
Trust dated 2/19/2004</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">601 Overlook Drive</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Stuart, FL 34994</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,500</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Class A</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 21pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.5%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Patrick J. Flanigan, Trustee of The <BR>
Flanigan Grandchildren Irrevocable
        Trust <BR>
#3 dated 6/26/2001</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">722 N.W. Sunset Drive</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Stuart, FL 34994</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13,700</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Class A</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 21pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.8%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Margaret F. Fraser</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">6242 Camanito del Oeste</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">San Diego, CA 92111</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">138,694</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Class A</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 21pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">18.7%</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #D0CECE">
    <TD COLSPAN="5" STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 21pt 0 0"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 21pt 0 0"><B>Class B Member:</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Patrick J. Flanigan</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">722 N.W. Sunset Drive</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Stuart, FL 34994</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">138,694</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Class B</FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 21pt 0 0; text-align: right">18.7%</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 21pt 0 0; text-align: right">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>741,796</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 21pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>100.00%</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effect
of Amendment</B>. The Operating Agreement is hereby, and shall henceforth be deemed to be, amended, modified and supplemented
in accordance with the provisions of this Amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Miscellaneous.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Governing
Law</U>. This Amendment and the rights of the parties hereunder shall be governed by, and interpreted in accordance with, the
laws of the Florida, without regard to its principles of conflicts of laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Counterparts</U>.
This Amendment may be executed in one or more counterparts, all of which shall be considered one and the same agreement, and shall
become effective when one or more counterparts have been signed by each of the parties hereto and delivered (including by facsimile)
to the other parties hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Entire
Understanding</U>. The Operating Agreement, as amended by this Amendment, contains the entire understanding between and among
the parties hereto and supersedes any prior understandings and agreements between and among them exclusively respecting the subject
matter of this Amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Full
Force and Effect</U>. Except as expressly amended herein, all other terms and provisions of the Operating Agreement as previously
executed shall remain in full force and effect and are hereby ratified and confirmed in all respects.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><I>[Signatures on the following page]</I></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF, the
undersigned, constituting all of the Members and the Manager of the Company, intending to be legally bound, have caused this Amendment
to be duly executed and delivered as of the date first set forth above.</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; font-size: 10pt">MANAGER:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>/s/ James G. Flanigan</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">James G. Flanigan</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%; padding-right: 5.4pt; padding-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>CLASS A MEMBERS:</B></FONT></TD>
    <TD STYLE="width: 52%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>/s/ James G. Flanigan</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">James G. Flanigan</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Flanigan Grandchildren Irrevocable Trust
        #5 dated 6/26/2001</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">By: <U>/s/ James G. Flanigan</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">James G. Flanigan, Trustee</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>/s/ Margaret F. Fraser</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Margaret F. Fraser</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Flanigan Step-Grandchildren Irrevocable
        Trust dated 2/19/2004</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">By: <U>/s/ Michael B. Flanigan</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">Michael B. Flanigan, Trustee</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>/s/ Michael B. Flanigan</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Michael B. Flanigan</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Flanigan Grandchildren Irrevocable Trust #4 dated 6/26/2001</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">By: <U>/s/ Michael B. Flanigan</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Michael B. Flanigan, Trustee</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 0; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Flanigan Grandchildren Irrevocable Trust #3 dated 6/26/2001</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">By: _<U>/s/ Patrick J. Flanigan</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Patrick J. Flanigan, Trustee</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="margin: 0; font-size: 10pt">CLASS B MEMBER:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>/s/ Patrick J. Flanigan</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Patrick J. Flanigan</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>OPERATING AGREEMENT<BR>
of<BR>
FLANIGAN FAMILY STOCK HOLDINGS, LLC<BR>
</B>(A Florida Limited Liability Company)</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-indent: 1in">THIS OPERATING AGREEMENT OF FLANIGAN FAMILY STOCK HOLDINGS, LLC, a Florida limited liability
company (this &ldquo;Operating Agreement&rdquo;), is hereby entered into as of August 31, 2020 by and among James G. Flanigan;
Margaret F. Fraser; Michael B. Flanigan; Patrick J. Flanigan, as Trustee of the Flanigan Grandchildren Irrevocable Trust #3 dated
6/26/2001; Michael B. Flanigan, as Trustee of The Flanigan Grandchildren Irrevocable Trust #4 dated 6/26/2001; James G. Flanigan,
as Trustee of The Flanigan Grandchildren Irrevocable Trust #5 dated 6/26/2001; Michael B. Flanigan, as Trustee of The Flanigan
Step-Grandchildren Irrevocable Trust dated 2/19/2004; (collectively, the &ldquo;Class A Members&rdquo;); Patrick J. Flanigan (the
&ldquo;Class B Member&rdquo;); and James G. Flanigan, as the initial manager (the &ldquo;Initial Manager&rdquo;). Each of the Class
A Members, and the Class B Member are sometimes individually referred to as a &ldquo;Member&rdquo;, and collectively, as the &ldquo;Members&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>RECITAL</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Members and
the Manager (as defined below) desire to form FLANIGAN FAMILY STOCK HOLDINGS, LLC, a limited liability company (the &ldquo;Company&rdquo;),
under the Florida Revised Limited Liability Company Act for the purposes set forth herein, and, accordingly, desire to enter into
this Operating Agreement in order to set forth the terms and conditions of the business and affairs of the Company and to determine
the rights and obligations of the Members and the Manager.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, the Members,
intending to be legally bound by this Operating Agreement, hereby agree that the limited liability company operating agreement
of the Company shall be as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>ARTICLE I<BR>
<U>DEFINITIONS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">When used in this Operating
Agreement, the following terms shall have the meanings set forth below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Act</U>&rdquo;
shall mean the Florida Revised Limited Liability Company Act, as amended from time to time, Chapter 605, <I>Florida Statutes </I>(or
the corresponding provision(s) of any succeeding law).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Additional
Attributed Stock</U>&rdquo; shall mean any and all shares of Stock attributed to a Member as such Member's <I>pro rata </I>portion
of Stock which is acquired by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">1.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Additional
Contributed Stock</U>&rdquo; shall mean any and all shares of Stock contributed by a Member to the Company in addition to such
Member's respective Initially contributed Stock, except for any shares of Stock contributed to the Company through a purchase by
such Member in connection with a Class B Member Sale.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">1.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&ldquo;Adjusted
Contributed Stock&rdquo;</U> shall mean with respect to each of the Members, the number of shares of Stock equal to the amount
of Initially Contributed Stock for such Member, as adjusted by such Member's:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in"><I>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pro Rata
</I>Share of Stock Sold;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in"><I>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I>Additional
Attributed Stock;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in"><I>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I>Additional
Contributed Stock; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in"><I>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I>any
effect of a Class B Member Sale, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.55in">By way of examples:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.55in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.55in; text-align: justify">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if
a Member had 100 shares of Initially Contributed Stock out of a total of 1,000 shares of Initially Contributed Stock contributed
by ail of the Members collectively, and on a certain date (i) the Company had sold a total of 500 shares of Stock through Company
Gross Sales of Stock; (ii) the Company had acquired a total of 1,000 shares of Stock through Company Acquisition of Stock; (iii)
such Member had contributed 25 shares of Additional Contributed Stock to the Company; and (iv) there had been no Class B Member
Sales, such Member's Adjusted Contributed Stock would be 175, <I>i.e., </I>100 -50 + 100 + 25 = 175;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.55in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0.55in; text-align: justify">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if
a Member had 100 shares of Initially Contributed Stock out of a total of 1,000 shares of Initially Contributed Stock contributed
by all of the Members collectively, and on a certain date (i) the Company had not sold any shares of Stock through Company Gross
Sales of Stock; (ii) the Company had acquired a total of 500 shares of Stock through Company Acquisition of Stock; (iii) such Member
had not contributed any shares of Additional Contributed Stock to the Company; and (iv) such Member had then acquired 25 shares
of Stock through a Class B Member Sale, such Member's Adjusted Contributed Stock would be 175, <I>i.e., </I>100 + 50 + 25 = 175;
or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0.55in; text-align: justify">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if
a Member had 100 shares of Initially Contributed Stock out of a total of 1,000 shares of Initially Contributed Stock contributed
by all of the Members collectively, and on a certain date (after a Jimmy Manager Transition Event) (i) the Company had sold a total
of 100 shares of Stock through Company Gross Sales of Stock; (ii) the Company had acquired a total of 1,500 shares of Stock through
Company Acquisition of Stock; (iii) such Member had not contributed any shares of Additional Contributed Stock to the Company;
and (iv) such Member had then acquired 100 shares of Stock through a Class B Member Sale, such Member's Adjusted Contributed Stock
would be 340, <I>i.e., </I>100 - 10 + 150 + 100 = 340.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0.55in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.55in">1.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Appointed
Board of Managers</U>&rdquo; shall mean a group of up to four (4) individuals to collectively act as the Manager of the Company
after a Jimmy Manager Transition Event, or at any time when there is no Manager, initially being comprised of an individual selected
by the Appointed Representative of the Family Group of James G. Flanigan, together with the survivors of Patrick J. Flanigan; Michael
B. Flanigan; and Margaret F. Fraser (collectively, &ldquo;Jimmy's Siblings&rdquo;). If, however, at any time (i) the individual
selected by the Appointed Representative of the Family Group of James G. Flanigan; or (ii) one or more of Jimmy's Siblings, is
deceased, unwilling, or unable to serve on the Appointed Board of Managers, an individual may be selected to serve on the Appointed
Board of Managers by the Appointed Representative of the Family Group which does not have representation on the Appointed Board
of Managers in accordance with the provisions of this Operating Agreement. Each Family Group (through its Appointed Representative
or his or her designee) may remove and replace its selected individual on the Appointed Board of Managers at any time. Additionally,
each Family Group (through its Appointed Representative or his or her designee) may select an individual to represent it on the
Appointed Board of Managers at any time when it does not have representation on the Appointed Board of Managers. Notwithstanding
the foregoing, a Family Group shall not be eligible to appoint a representative to the Appointed Board of Managers if the Family
Group Adjusted Contributed Stock owned by such Family Group falls below sixty-six point six percent (66.6%) of the Family Group
Initially Contributed Stock contributed by such. Family Group. While the Appointed Board of Managers is serving as the Manager
for the Company, whenever the Manager's consent is required to take an action on behalf of the Company, or otherwise by a provision
of this Operating Agreement, such consent shall require the affirmative vote of a majority of the individuals then serving on the
Appointed Board of Managers. The failure of a majority of the individuals to vote in favor of a specific action, approval, etc.,
shall be considered the same as a vote against whatever action, approval, etc., is being contemplated.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">1.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&ldquo;Appointed
Representative&rdquo;</U> shall mean the individual selected to act on behalf of a Family Group, by the First Generation
Children of a respective Family Group, or if there are no First Generation Children within a respective Family Group, by a
vote of the adult Lineal Descendants of a respective Family Group, from time to time, to make all decisions hereunder on
behalf of the respective Family Group. Individuals shall be selected to serve as an Appointed Representative, in accordance
with the provisions of this Operating Agreement. To be eligible to serve as the Appointed Representative on behalf of a
Family Group, an individual must be over 18 years of age and be a part of the Family Group which he or she would represent.
If more than one individual desires to become an Appointed Representative on behalf of a Family Group, the individual
receiving the largest amount of votes cast by each of the First Generation Children, or Lineal Descendants, as the case may
be (based on Membership Interests beneficially owned) shall be selected as the Appointed Representative.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">1.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Class
A Member(s)</U>&rdquo; shall have the meaning given to it in the Preamble to this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">1.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Class
B Member</U>&rdquo; shall have the meaning given to it in the Preamble to this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">1.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Class
B Member Sale</U>&rdquo; shall have the meaning given to it in <U>Section 7.2(a)</U> of this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">1.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Class
B Member Sale Trigger Notice</U>&rdquo; shall have the meaning given to it in <U>Section 7.2(a)</U> of this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">1.11 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Class
B Member Sale Stock</U>&rdquo; shall have the meaning given to it in <U>Section 7.2(a) </U>of this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">1.12 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Class
B Stock 20 Day VWAP</U>&rdquo; shall have the meaning given to it in <U>Section 7.2(a)</U> of this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">1.13 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Class
B Stock Offer Election Notice</U>&rdquo; shall have the meaning given to it in <U>Section 7.2(b)</U> of this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">1.14 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Code</U>&rdquo;
means the Internal Revenue Code of 1986 and the regulations promulgated thereunder, as amended from time to time (or any corresponding
provision or provisions of succeeding law).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">1.15 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Company</U>&rdquo;
means Flanigan Family Stock Holdings, LLC, a Florida limited liability company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">1.16 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Company
Acquisition(s) of Stock</U>&rdquo; shall mean any and all acquisitions of Stock by the Company, when and if consummated by the
Manager in his or its capacity pursuant to <U>Section 4.1(b)</U> of this Operating Agreement, or otherwise through Stock dividends,
splits, or similar occurrences.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">1.17 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Company
Gross Sale(s) of Stock</U>&rdquo; shall mean any and all sales of Stock by the Company, when and if consummated by the Manager
in his or its capacity pursuant to <U>Section 4.1(b)</U> of this Operating Agreement, except for any Class B Member Sale, or Member
Requested Sale.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">1.18 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Effective
Date</U>&rdquo; shall have the meaning given to it in <U>Section 2.2</U> of this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">1.19 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Family
Group</U>&rdquo; shall mean the following groups of individuals set forth in the chart below, as the context requires:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0.15in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 46%; border: black 1pt dotted; padding-right: 80.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Family Group</B></FONT></TD>
    <TD STYLE="width: 54%; border-top: black 1pt dotted; border-right: black 1pt dotted; border-bottom: black 1pt dotted; padding-right: 91.05pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Members</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt dotted; border-bottom: black 1pt dotted; border-left: black 1pt dotted; padding-bottom: 12pt; padding-left: 6.5pt"><FONT STYLE="font-size: 10pt">Family Group of James G. Flanigan</FONT></TD>
    <TD STYLE="border-right: black 1pt dotted; border-bottom: black 1pt dotted; padding-bottom: 12pt; padding-left: 6.5pt"><FONT STYLE="font-size: 10pt">James G. Flanigan, until his death; First Generation Children of James G. Flanigan; and Lineal Descendants of James G. Flanigan</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt dotted; border-bottom: black 1pt dotted; border-left: black 1pt dotted; padding-bottom: 12pt; padding-left: 6.5pt"><FONT STYLE="font-size: 10pt">Family Group of Patrick J. Flanigan</FONT></TD>
    <TD STYLE="border-right: black 1pt dotted; border-bottom: black 1pt dotted; padding-bottom: 12pt; padding-left: 6.5pt"><FONT STYLE="font-size: 10pt">Patrick J. Flanigan, until his death; First Generation Children of Patrick J. Flanigan; and Lineal Descendants of Patrick J. Flanigan</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt dotted; border-bottom: black 1pt dotted; border-left: black 1pt dotted; padding-bottom: 12pt; padding-left: 6.5pt"><FONT STYLE="font-size: 10pt">Family Group of Michael B. Flanigan</FONT></TD>
    <TD STYLE="border-right: black 1pt dotted; border-bottom: black 1pt dotted; padding-bottom: 12pt; padding-left: 6.5pt"><FONT STYLE="font-size: 10pt">Michael B. Flanigan, until his death; First Generation Children of Michael B. Flanigan ; and Lineal Descendants of Michael B. Flanigan</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt dotted; border-bottom: black 1pt dotted; border-left: black 1pt dotted; padding-bottom: 12pt; padding-left: 6.5pt"><FONT STYLE="font-size: 10pt">Family Group of Margaret F. Fraser</FONT></TD>
    <TD STYLE="border-right: black 1pt dotted; border-bottom: black 1pt dotted; padding-bottom: 12pt; padding-left: 6.5pt"><FONT STYLE="font-size: 10pt">Margaret F. Fraser, until his death; First Generation Children of Margaret F. Fraser; and Lineal Descendants of Margaret F. Fraser</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">1.20 &ldquo;<U>Family
Group Adjusted Contributed Stock</U>&rdquo; shall mean with respect to each Family Group, the aggregate number of shares of Initially
Contributed Stock which was beneficially owned and contributed all Members affiliated with such Family Group, as adjusted by such
Members&rsquo; (i) <I>Pro Rata </I>Share of Stock Sold; (ii) Additional Attributed Stock; (iii) Additional Contributed Stock; and
(iv) any effect of a Class B Member Sale, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in; text-align: justify; text-indent: 0.6in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">1.21 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&ldquo;Family
Group Initially Contributed Stock</U>&rdquo; shall mean with respect to each Family Group, the aggregate number of shares of Initially
Contributed Stock which were beneficially owned and contributed all Members affiliated with such Family Group.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">1.22&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>First
Class B Stock Offer</U>&rdquo; shall have the meaning given to it in <U>Section 7.2(b)</U> of this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">1.23 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>First
Generation Children</U>&rdquo; shall refer to the respective groups of Persons comprising all of the surviving children of each
of (i) James G. Flanigan; (ii) Patrick J. Flanigan; (iii) Michael B. Flanigan; and (iv) Margaret F. Fraser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">1.24 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>First
Member Requested Stock Offer</U>&rdquo; shall have the meaning given to it in <U>Section 7.3(b)</U> of this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">1.25 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Indemnified
Party</U>&rdquo; shall have the meaning given to it in <U>Section 12.2</U> of this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">1.26 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Initial
Manager</U>&rdquo; shall have the meaning given to it in the Preamble to this Operating Agreement,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">1.27 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Initially
Contributed Stock</U>&rdquo; shall mean with respect to each Member, that number of shares of Stock set forth opposite his/her/its
name in <B><U>Schedule A</U></B> attached hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">1.28 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Jimmy
Manager Transition Event</U>&rdquo; shall have the meaning given to it in <U>Section 4.1(a)</U> of this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">1.29 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Jimmy's
Siblings</U>&rdquo; shall have the meaning given to it in <U>Section 1.5</U> of this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">1.30&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Lineal
Descendants</U>&rdquo; shall refer to the respective groups of Persons comprising all of the surviving lineal descendants, aside
from those Persons comprising the First Generation Children, of each of (i) James G. Flanigan; (ii) Patrick J. Flanigan; (iii)
Michael B. Flanigan; and (iv) Margaret F. Fraser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">1.31 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Manager</U>&rdquo;
shall have the meaning given to it in <U>Section 4.1(a)</U> of this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">1.32 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&ldquo;Member(s)</U>&rdquo;
shall have the meaning set forth in the Preamble to this Operating Agreement, including the assignee(s) or transferee(s) of the
Member(s) pursuant to this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">1.33 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Membership
Interest(s)</U>&rdquo; or <U>&ldquo;Interest</U>&rdquo; shall mean with respect to each of the Members, such Member's percentage
interest in the Company, initially set forth opposite his/her/its name in <B><U>Schedule A,</U></B> and subsequently calculated
as the amount of such Member's Adjusted Contributed Stock divided by the Total Company Stock Holding, reflected as a percentage,
and the appurtenant rights, powers and privileges of such Member(s) with respect to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.55in">1.34&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Member
Requested Sale</U>&rdquo; shall have the meaning given to it in <U>Section 7.3(a)</U> of this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.55in">1.35 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Member
Requested Sale Trigger Notice</U>&rdquo; shall have the meaning given to it in <U>Section 7.3(a)</U> of this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.55in">1.36 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Member
Requested Sale Stock</U>&rdquo; shall have the meaning given to it in <U>Section 7.3(a)</U> of this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.55in">1.37 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Member
Requested Stock 20 Day VWAP</U>&rdquo; shall have the meaning given to it in <U>Section 7.3(a)</U> of this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">1.38 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Member
Requested Stock Offer Election Notice</U>&rdquo; shall have the meaning given to it in <U>Section 7.3(b)</U> of this Operating
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">1.39 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Net
Cash</U>&rdquo; means the gross cash which the Company has &ldquo;on-hand&rdquo;, less amounts used to pay expenses or establish
reserves for all Company expenses, as determined by the Manager in its sole discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">1.40 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Operating
Agreement</U>&rdquo; shall have the meaning given to it in the Preamble.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">1.41 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Person</U>&rdquo;
shall mean any individual, partnership, firm, corporation, limited liability company, joint-stock company, trust or other entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">1.42 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<I><U>Pro
Rata </U></I><U>Share of Stock Sold</U>&rdquo; shall mean each Member's respective <I>pro rata </I>share of Stock sold in a Company
Gross Sale of Stock, calculated as the product of multiplying such Member's then current Membership Interest by the total number
of shares of Stock sold in such Company Gross Sale of Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">1.43 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Requesting
Member</U>&rdquo; shall have the meaning given to it in <U>Section 7.3(a)</U> of this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">1.44 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Stock</U>&rdquo;
shall have the meaning given to it in <U>Section 3.1</U> of this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">1.45 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Subsequent
Class B Stock Offer</U>&rdquo; shall have the meaning given to it in <U>Section 7.2(b)</U> of this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">1.46 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Subsequent
Member Requested Stock Offer</U>&rdquo; shall have the meaning given to it in <U>Section 7.3(b)</U> of this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">1.47 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Tax
Matters Partner</U>&rdquo; shall have the meaning given to it in <U>Section 8.3</U> of this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">1.48 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Termination</U>&rdquo;
shall have the meaning given to it in <U>Section 2.7</U> of this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">1.49 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Total
Company Stock Holding</U>&rdquo; shall mean the total amount of Stock held by the Company at any given time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">1.50 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Transfer</U>&rdquo;
and/or &ldquo;<U>Transferred</U>&rdquo; shall have the meaning given to it in <U>Section 6.1(a)</U> of this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">1.51 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
other defined terms shall have the meaning given to them within this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.05in; text-align: center"><B>ARTICLE II</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.05in; text-align: center"><B><U>FORMATION AND BASIC TERMS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.05in; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Organization</U>.
The Members hereby organize the Company as a manager-managed Florida limited liability company pursuant to the provisions of the
Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Effective
Date</U>. The Company shall come into being on the date the Articles of Organization of the Company are filed with the Florida
Department of State (the &ldquo;Effective Date&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Principal
Place of Business</U>. The principal place of business of the Company shall be at 5059 N.E. 18th Avenue, Fort Lauderdale,
Florida 33334. The Manager may change the location of the Company's principal place of business at any time and may from time
to time establish additional or alternative offices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">2.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Operating
Agreement: Invalid Provisions.</U> The Members, by executing this Operating Agreement, hereby agree to the terms and conditions
of this Operating Agreement, as they may from time to time be amended. To the extent any provision of this Operating Agreement
is prohibited or ineffective under the Act, this Operating Agreement shall be deemed to be amended to the least extent necessary
in order to make this Operating Agreement effective under the Act. In the event the Act is subsequently amended or interpreted
in such a way to validate any provision of this Operating Agreement that was formerly invalid, such provision shall be considered
to be valid from the effective date of such amendment or interpretation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">2.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Qualification
in Other Jurisdictions.</U> The Manager shall have the authority to cause the Company to be qualified, formed or registered under
the assumed or fictitious name statutes, foreign qualification statutes or similar laws in any jurisdiction in which the Company
transacts business in which the Manager deems such qualification, formation or registration to be necessary or desirable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">2.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Entity
Declaration.</U> The Company shall not be a general partnership, a limited partnership or a joint venture, and no Member shall
be considered a partner or joint venturer of or with any other Member for any purposes other than for Federal and state income
tax purposes, and this Operating Agreement shall not be construed otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0.05in; text-align: justify; text-indent: 0.5in">2.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Term
and Termination.</U> The Company shall commence its existence on the date hereof and shall have perpetual existence, unless it
is sooner terminated (the &ldquo;Termination&rdquo;) by (i) the Manager; or (ii) if there is no Manager (as a direct result of
there being no Appointed Board of Managers, for the sole reason that there are no individuals remaining in any Family Group), then
by the holders of a majority of Membership Interests; unless the Company has previously been dissolved in accordance with <U>Article
X,</U> below. The Termination shall trigger a liquidation of the Company's assets in accordance with <U>Section 10.2,</U> below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0.1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>ARTICLE III</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>PURPOSE: NATURE OF BUSINESS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Purpose:
Nature of Business.</U> The purposes of the Company are: (a) to own, hold, vote, distribute the benefits from, and/or directly
or indirectly sell, assign, transfer, pledge, hypothecate, encumber, or otherwise dispose of, certain shares of common stock in
Flanigan's Enterprises, Inc., contributed by the Members to the Company (the &ldquo;Stock&rdquo;), in accordance with the terms
of this Operating Agreement; and (b) to do any and all other acts or things that may be incidental or necessary to carry on the
business of the Company as described in clauses (a) and (b). The Company shall have the authority to do all things necessary or
convenient to accomplish its purpose and operate its business as described in this <U>Section 3.1.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0.1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.5pt; text-align: justify; text-indent: 31.5pt">3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Powers.</U>
The Company shall have all powers of a limited liability company under the Act and the power to do all things necessary or convenient
to accomplish its purpose and operate its business as described in <U>Section 3.1</U> above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>ARTICLE IV<BR>
<U>MANAGEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.6in">4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Manager.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as otherwise provided in this Operating Agreement, the business and affairs of the Company shall be managed solely by a Manager
(the &ldquo;Manager&rdquo;). The Initial Manager shall initially serve as the Manager and shall remain as the Manager until such
time as the Initial Manager resigns, becomes disabled, or is deceased (any of the foregoing, a &ldquo;Jimmy Manager Transition
Event&rdquo;). After a Jimmy Manager Transition Event, the Appointed Board of Managers shall serve as the Manager of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Manager is hereby authorized to take any action of any kind and to do anything and everything it deems necessary or appropriate
to carry out the purposes and powers of the Company in accordance with the provisions of this Operating Agreement and applicable
law. Except as otherwise provided in this Operating Agreement, all Company actions, decisions, consents, approvals, determinations
and elections required or permitted to be made by the Manager pursuant to this Operating Agreement or applicable law shall be made
solely by the Manager. The Manager shall make all decisions effecting the business of the Company and shall have, without limitation,
all rights and powers of a manager provided by the Act and all actions, decisions, consents, approvals, determinations and elections
made or taken by the Manager shall be binding upon the Company and the Members.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 1.1in; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 1.1in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
any provision of this Operating Agreement to the contrary, the Manager shall have the power and authority to delegate its rights
and powers to manage and control the business and affairs of the Company, to one or more other Persons (including any agent and/or
employee of the Company or affiliate of the Manager), including delegation by management agreement, employment agreement or other
arrangement. The Manager shall have the sole power and authority to bind the Company, except to the extent that the Manager otherwise
expressly delegates such power to any other Person or Persons (whether pursuant to a general or specific grant of power) in accordance
with this Operating Agreement. All grants of authority delegated by the Manager to any other Person may be modified or rescinded
in the sole discretion of the Manager; provided, however, that any rescission of delegated authority by the Manager shall not affect
any action taken by the delegate prior to the date of the rescission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 1.1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>ARTICLE V </U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>MEMBERS, CONTRIBUTED STOCK AND CAPITAL
ACCOUNTS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Members
and Initially Contributed Stock.</U> The name, address and amount of the Initially Contributed Stock of the Members shall be set
forth on <B><U>Schedule A</U></B> attached hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Additional
Contributed Stock.</U> The Members shall have no obligation to contribute additional Stock to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">5.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Capital
Accounts.</U> A separate capital account, reflecting the value of the Adjusted Contributed Stock for each Member, shall be maintained
for each Member in accordance with Treasury Regulation Section 1.704-1(b)(2)(iv).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>ARTICLE VI</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>TRANSFERS OF MEMBERSHIP INTEREST</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Restrictions
on Transfers.</U> Except as otherwise permitted by this Operating Agreement, Membership Interests may not be Transferred (as defined
below) without the consent of the Manager in writing, such consent to be given or withheld in the Manager's sole discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 1.1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
purposes of this Operating Agreement, the term &ldquo;Transfer&rdquo; or &ldquo;Transferred&rdquo; shall mean the direct or indirect
sale, assignment, transfer, pledge, hypothecation, encumbrance, or other disposition, by operation of law or otherwise, of Membership
Interests.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 1.1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
Transfer not in accord with this <U>Article VI</U> shall be void <I>ab initio.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">6.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Involuntary
Transfer</U>. Subject to Section 6.3 of this Agreement, the Company shall have an option to purchase for $100, the Interest of
any Person who becomes a holder of any Membership Interest by virtue of any judicial process, attachment, bankruptcy, receivership,
execution, judicial sale, or by operation of law, whenever it may request.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">6.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Trust
or Estate Transfer.</U> A Membership Interest held by a trust or an estate may Transfer the Membership Interest to a
beneficiary of the trust or estate, provided that the beneficiary becomes a party to and for all purposes becomes subject to
this Operating Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>ARTICLE VII</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>DISTRIBUTIONS AND ALLOCATIONS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">7.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>General
Distributions and Allocations.</U> With the exception of any proceeds from a Class B Member Sale, a Member Requested Sale, which
shall be distributed in accordance with <U>Sections 7.2(c)</U> or <U>7.3(c),</U> respectively, all Net Cash, if any, or any other
assets, shall be distributed to the Members in such amounts and at such times as the Manager determines in the Manager's sole discretion,
<I>pro rata in </I>accordance with their respective Membership Interests in the Company at the time such distribution is made.
For the avoidance of doubt, it is acknowledged that the intent of this provision is for cash amounts, if any, to be, distributed
and not reinvested. All items of income, gain, loss, deduction and credit shall be allocated to the Members <I>pro rata </I>in
accordance with their respective Membership Interests in the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">7.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Class
B Member Sale.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.6in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
the terms and subject to the conditions of this Operating Agreement, at any time and from time to time, the Class B Member shall
have the right to cause the Manager to sell up to 6,934 shares of the Stock, as adjusted for stock dividends, stock splits, and
the like, per calendar year (each a &ldquo;Class B Member Sale&rdquo;), provided, however, that all aspects of any Class B Member
Sale must be conducted fully in accordance with this Operating Agreement and applicable law, including but not limited to federal
and state securities laws, and the policy of Flanigan's Enterprises, Inc. A Class B Member Sale shall be triggered by the Class
B Member delivering written notice to the Manager setting forth the number of shares to be sold by the Company (the &ldquo;Class
B Member Sale Trigger Notice&rdquo;). The gross sales price of each share of the Stock which is the subject of the Class B Member
Sale (the &ldquo;Class B Member Sale Stock&rdquo;) and sold to a Class A Member, shall be equal to the volume weighted average
price for shares of common stock in Flanigan's Enterprises, Inc., for the twenty (20) trading days immediately preceding the Manager's
receipt of the Class B Member Sale Trigger Notice (the &ldquo;Class B Stock 20 Day VWAP&rdquo;). Notwithstanding anything contained
herein, the right of the Class B Member to cause to occur a Class B Member Sale shall terminate upon the earlier to occur of the
(i) death of Patrick J. Flanigan; or (ii) Class B amount of Adjusted Contributed Stock being reduced to zero.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Class B Member Sale Stock shall first be offered at the Class B Stock 20 Day VWAP <I>pro rata </I>by Membership Interest to Class
A Members in writing, provided that such Class A Members remain Members at such time (the &ldquo;First Class B Stock Offer&rdquo;).
Each of the Class A Members shall have five (5) business days from their respective receipt of the First Class B Stock Offer to
deliver written notice to the Manager of their election to purchase their <I>pro rata </I>share, by Membership Interest (but no
less than their <I>pro rata </I>share, by Membership Interest) of the Class B Member Sale Stock offered pursuant to the First Class
B Stock Offer (each a &ldquo;Class B Stock Offer Election Notice&rdquo;). Failure to deliver a timely a Class B Stock Offer Election
Notice shall be deemed a rejection of the First Class B Stock Offer. Any remaining unsold Stock shall then be offered at the Class
B Stock 20 Day VWAP <I>pro rata </I>by Membership Interest to those of the Class A Members (as applicable), which timely tendered
a Class B Stock Offer Election Notice in response to the First Class B Stock Offer (the &ldquo;Subsequent Class B Stock Offer&rdquo;),
with each such Member having five (5) business days from their respective receipt of the Subsequent Class B Stock Offer to deliver
a Class B Stock Offer Election Notice for all but not less than all of their <I>pro rata </I>share, by Membership Interest, of
the Class B Member Sale Stock offered pursuant to the Subsequent Class B Stock Offer. Failure to deliver a timely Class B Stock
Offer Election Notice shall be deemed a rejection of the Subsequent Class B Stock Offer. Any remaining unsold Class B Member Sale
Stock shall again be offered in accordance with the preceding two sentences until it is either all sold, or all of the Class A
Members (as applicable), reject such Subsequent Class B Stock Offer. Any remaining unsold Class B Member Sale Stock shall then
be offered on the open market at the prevailing market price. Any Class B Member Sale Stock which cannot be sold within thirty
(30) days of it being offered on the open market shall instead be retained by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.1in; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
amounts due in connection with a Class B Member Sale from either a Class A Member, or a purchaser on the open market, shall be
paid to the Company, at one or more closings, which shall occur within three (3) business days of the receipt of Class B Stock
Offer Election Notice(s), or the execution of a sale of the Class B Member Sale Stock on the open market, as applicable. The Manager
shall promptly distribute all amounts received from the sale of Class B Member Sale Stock, net of any reasonable expenses incurred
by the Company in connection with the Class B Member Sale, to' the Class B Member.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contemporaneous
with the closing of a Class B Member Sale, all Stock purchased by a Member in connection with a Class B Member Sale shall be contributed
to the Company for the benefit of such Member, and the amount of each Member's Adjusted Contributed Stock shall be recalculated
after giving effect to such Class B Member Sale. By way of example, if the Class B Member sells 100 shares of Stock through a Class
B Member Sale, and 75 shares of Stock are purchased by Member X, 20 shares of Stock are purchased by Member Y, and 5 shares of
Stock are sold on the open market, contemporaneous with the closing, the Class B Member's Adjusted Contributed Stock shall decrease
by 100 shares, Member X's Adjusted Contributed Stock shall increase by 75 shares, and Member Y's Adjusted Contributed Stock shall
increase by 20 shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
items of income, gain, loss, deduction and credit associated with a Class B Member Sale shall be allocated to the Class B Member.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0.5in">7.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Member
Requested Sale.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
any time after the Effective Date, one or more Members (a &ldquo;Requesting Member&rdquo;) may request that the Manager sell up
to such Requesting Member's entire amount of Adjusted Contributed Stock (each a &ldquo;Member Requested Sale&rdquo;), provided,
however, that such Member Requested Sale must be approved by a vote of Members holding a majority of the Membership Interest in
the Company, and all aspects of any Member Requested Sale must be conducted fully in accordance with this Operating Agreement and
applicable law, including but not limited to federal and state securities laws, and the policy of Flanigan's Enterprises, Inc.
A Member Requested Sale shall be triggered by the Requesting Member delivering written notice to the Manager setting forth the
number of shares to be sold by the Company (the &ldquo;Member Requested Sale Trigger Notice&rdquo;). The gross sales price of each
share of the Stock which is the subject of the Member Requested Sale (the &ldquo;Member Requested Sale Stock&rdquo;) and sold to
any other Member, shall be equal to the volume weighted average price for shares of common stock in Flanigan's Enterprises Inc.,
for the twenty (20) trading days immediately preceding the Manager's receipt of the Member Requested Sale Trigger Notice (the &ldquo;Member
Requested Stock 20 Day VWAP&rdquo;). Notwithstanding anything contained herein, the right of the Requesting Member to cause to
occur a Member Requested Sale shall terminate upon such Requesting Member's amount of Adjusted Contributed Stock being reduced
to zero.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Member Requested Sale Stock shall first be offered at the Member Requested Stock 20 Day VWAP <I>pro rata </I>by Membership Interest
to the other Members in writing (the &ldquo;First Member Requested Stock Offer&rdquo;). Each of the Members receiving the First
Member Requested Stock Offer shall have five (5) business days from their respective receipt of the First Member Requested Stock
Offer to deliver written notice to the Manager of their election to purchase their <I>pro rata </I>share, by Membership Interest
(but no less than their <I>pro rata </I>share, by Membership Interest) of the Member Requested Sale Stock offered pursuant to the
First Member Requested Stock Offer (each a &ldquo;Member Requested Stock Offer Election Notice&rdquo;). Failure to deliver a timely
a Member Requested Stock Offer Election Notice shall be deemed a rejection of the First Member Requested Stock Offer. Any remaining
unsold Member Requested Sale Stock shall then be offered at the Member Requested Stock 20 Day VWAP <I>pro rata </I>by Membership
Interest to those of the Members (as applicable), which timely tendered a Member Requested Stock Offer Election Notice in response
to the First Member Requested Stock Offer (the &ldquo;Subsequent Member Requested Stock Offer&rdquo;), with each such Member having
five (5) business days from their respective receipt of the Subsequent Member Requested Stock Offer to deliver a Member Requested
Stock Offer Election Notice for all but not less than all of their <I>pro rata </I>share, by Membership Interest, of the Member
Requested Sale Stock offered pursuant to the Subsequent Member Requested Stock Offer. Failure to deliver a timely Member Requested
Stock Offer Election Notice shall be deemed a rejection of the Subsequent Member Requested Stock Offer. Any remaining unsold Member
Requested Sale Stock shall again be offered in accordance with the preceding two sentences until it is either all sold, or all
of the Members (as applicable), reject such Subsequent Member Requested Stock Offer. Any remaining unsold Member Requested Sale
Stock shall then be offered on the open market at the prevailing market price. Any Member Requested Sale Stock which cannot be
sold within thirty (30) days of it being offered on the open market shall instead be retained by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.6in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
amounts due in connection with a Member Requested Sale from either a Member, or a purchaser on the open market, shall be paid to
the Company, at one or more closings, which shall occur within three (3) business days of the receipt of Member Requested Stock
Offer Election Notice(s), or the execution of a sale of the Member Requested Sale Stock on the open market, as applicable. The
Manager shall promptly distribute all amounts received from the sale of Member Requested Sale Stock, net of any reasonable expenses
incurred by the Company in connection with the Member Requested Sale, to the Requesting Member.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contemporaneous
with the closing of a Member Requested Sale, all Stock purchased by a Member in connection with a Member Requested Sale shall be
contributed to the Company for the benefit of such Member, and the amount of each Member's Adjusted Contributed Stock shall be
recalculated after giving effect to such Member Requested Sale. By way of example, if the Requesting Member sells 100 shares of
Stock through a Member Requested Sale, and 75 shares of Stock are purchased by Member X, 20 shares of Stock are purchased by Member
Y, and 5 shares of Stock are sold on the open market, contemporaneous with the closing, the Requesting Member's Adjusted Contributed
Stock shall decrease by 100 shares, Member X's Adjusted Contributed Stock shall increase by 75 shares, and Member Y's Adjusted
Contributed Stock shall increase by 20 shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
items of income, gain, loss, deduction and credit associated with a Member Requested Sale shall be allocated to the Requesting
Member.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.05in; text-align: center"><B>ARTICLE VIII<BR>
<U>TAXATION </U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.05in; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">8.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Income
Tax Reporting.</U> The Members are aware of the income tax consequences of the allocations made by Article VII hereof and hereby
agree to be bound by the provisions of Article VII hereof in reporting the Members' respective shares of Company income and loss
for federal and state income tax purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">8.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Tax
Elections; Determinations Not Provided for in Agreement.</U> The Manager shall be empowered to make or revoke any elections now
or hereafter required or permitted to be made by the Code or any state or local tax law, and to decide in a fair and equitable
manner any accounting procedures and other matters arising with respect to the Company or under this Operating Agreement that are
not expressly provided for in this Operating Agreement. Notwithstanding the foregoing, absent the unanimous consent of all Members
to the contrary, the Company and all Members shall take any steps that may be necessary to elect partnership status for purposes
of the Code and any applicable state or local tax law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">8.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Tax
Matters Partner.</U> James G. Flanigan is hereby designated the &ldquo;Tax Matters Partner&rdquo; of the Company for purposes of
the Code and upon his death or resignation, the Manager shall be the &ldquo;Tax Matters Partner.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0.05in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.05in; text-align: center"><B>ARTICLE IX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.05in; text-align: center"><B><U>MEETINGS OF THE MEMBERS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.05in; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">9.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There
shall be no regularly scheduled meetings of the Members. However, the Manager may call one or more meetings if it so chooses on
dates and at places to be fixed by the Manager. One or more Members may participate in a meeting of the Members by means of a conference
telephone or similar communications equipment by which all Persons participating in the meeting can hear each other at the same
time. Such participation shall constitute presence in person at the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">9.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior
notice shall be given of all meetings of the Members sufficiently in advance so that the notice will be received no later than
five (5) business days prior to the meeting. Each such notice shall set forth so far as is reasonably practicable the purpose for
which the meeting is called. Member(s) may waive notice of a meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>ARTICLE X</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>DISSOLUTION AND WINDING UP</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">10.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Events
of Dissolution.</U> The Company shall be dissolved upon the first to occur of (a) the Termination; or (b) the entry of a decree
of judicial dissolution under the Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">10.2 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Liquidation.</U>
In the course of winding up and terminating the business and affairs of the Company, the assets of the Company (other than cash)
shall in the discretion of the Manager be sold. The proceeds from the liquidation of the assets of the Company, the proceeds from
the collection of the receivables of the Company, and the assets distributed in kind shall all be distributed in the following
order of priority:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First,
to the payment of creditors of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second,
to the establishment of any reserves that the Manager, in accordance with sound business judgment, deems reasonably necessary to
provide for the payment when due of any contingent or unforeseen liabilities of the Company, whether known or unknown, matured
or unmatured, which reserves may be paid over by the Manager to a trustee or escrow agent selected by it to be held by such trustee
or escrow agent for purposes of distributing such reserves in the manner provided herein, upon the expiration of such period as
the Manager may deem advisable; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third,
to all Members, in accordance with <U>Section 7.1,</U> above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>ARTICLE XI</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>BOOKS AND RECORDS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">11.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Books
and Records.</U> The Manager shall keep, or cause to be kept, at the principal place of business of the Company, true and correct
books of account, in which shall be entered fully and accurately each and every transaction of the Company. The Company's taxable
and fiscal years shall be December 31.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>ARTICLE XII</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>LIMITATION OF LIABILITY. INDEMNIFICATION</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">12.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Limited
Liability.</U> Except as otherwise provided by the Act, the debts, obligations and liabilities of the Company, whether arising
in contract, tort or otherwise, shall be -solely the debts, obligations and liabilities of the Company, and the Members shall not
be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a member. The failure
of the Company to observe any formalities or requirements relating to the exercise of its powers or the management of its business
or affairs under this Operating Agreement or the Act shall not be grounds for imposing personal liability on the Members for any
debts, liabilities or obligations of the Company. Except as otherwise expressly required by law, the Members, in their capacity
as such, shall have no liability in excess of (a) the value of such Member's Adjusted Contributed Stock; (b) such Member's share
of any assets and undistributed profits of the Company; and (c) the amount of any distributions required to be returned pursuant
to Section 605.0406 of the Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.05in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">12.2 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Indemnification.</U>
The Company (including any receiver or trustee of the Company) shall, to the fullest extent provided or allowed by law, indemnify,
save harmless and pay all judgments and claims against the Members, the Manager, and each of the Members' and Manager's respective
agents, affiliates, heirs, legal representatives, successors and assigns (each, an &ldquo;Indemnified Party&rdquo;), from, against
and in respect of any and all liability, loss, damage and expense incurred or sustained by the Indemnified Party in connection
with the business of the Company or by reason of any act performed or omitted to be performed in connection with the activities
of the Company or in dealing with third parties on behalf of the Company, including costs and attorneys' fees before and at trial
and at all appellate levels, whether or not suit is instituted (which attorneys' fees may be paid as incurred), and any amounts
expended in the settlement of any claims of liability, loss or damage, provided that the act or omission of the Indemnified Party
does not constitute fraud or willful misconduct by such Indemnified Party. The Company shall not be obligated to pay for any insurance
covering liability of any Indemnified Party for actions or omissions for which indemnification is not permitted hereunder; provided,
however, that nothing contained herein shall preclude the Company from purchasing and paying for such types of insurance, including
without limitation extended coverage liability and casualty and worker's compensation, as would be customary for any Person owning,
managing and/or operating comparable property and engaged in a similar business or from naming any Indemnified Party as additional
insured parties thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.05in; text-align: justify; text-indent: 0.55in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.05in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">12.3 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Non-Exclusive
Right.</U> The provisions of this <U>Article XII</U> shall be in addition to and not in limitation of any other rights of indemnification
and reimbursement or limitations of liability to which an Indemnified Party may be entitled under the Act, common law, or otherwise.
Notwithstanding any repeal of this <U>Article XII</U> or other amendment hereof, its provisions shall be binding upon the Company
(subject only to the exceptions above set forth) as to any claim, loss, expense, liability, action or damage due to or arising
out of matters which occur during or relate to the period prior to any such repeal or amendment of this <U>Article XII.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.05in; text-align: center"><B>ARTICLE XIII<BR>
<U>AMENDMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.05in; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">13.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment.</U>
This Operating Agreement may not be altered or modified except by the written consent of all of the Members and the Manager.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0.05in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.05in; text-align: center"><B>ARTICLE XIV</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.05in; text-align: center"><B><U>MISCELLANEOUS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.05in; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">14.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Binding
Effect.</U> This Operating Agreement shall be binding upon and inure to the benefit of the undersigned, their legal representatives,
heirs, successors and assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">14.2 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Applicable
Laws.</U> This Operating Agreement and the rights and duties of the Members hereunder shall be governed by, and interpreted and
construed in accordance with, the laws of the State of Florida.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">14.3 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Admission
of Additional Members.</U> One (1) or more additional members of the Company may be admitted to the Company with the consent of
all of the Members and the Manager.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">14.4 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Headings.</U>
The article and section, headings in this Operating Agreement are inserted as a matter of convenience and are for reference only
and shall not be construed to define, limit, extend or describe the scope of this Operating Agreement or the intent of any provision.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">14.5 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Number
and Gender.</U> Whenever required by the context hereof, the singular shall include the plural, and vice versa and the masculine
gender shall include the feminine and neuter genders, and vice versa.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">14.6 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices.</U>
All notices, communications and deliveries required or made hereunder must be made in writing signed by or on behalf of the party
making the same and shall be delivered personally or by telecopy transmission or by an international overnight courier service
or by registered or certified mail (return receipt requested, with postage and other fees prepaid) as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">If to James G. Flanigan:<BR>
        8330 N.W 159<SUP>th</SUP> Terrace<BR>
        Miami Lakes, Florida 33024<BR>
        Tel: 954-240-8714</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">If to Patrick J. Flanigan: <BR>
722 N.W. Sunset Drive <BR>
Stuart, Florida 34994 <BR>
Tel: 954-568-8010</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">If to Michael B. Flanigan:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">601 Overlook Drive<BR>
        Stuart, Florida 34994<BR>
        Tel: 954-253-0289</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">If to Margaret F. Fraser:<BR>
        6242 Caminito del Oeste</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">San Diego, CA 92111<BR>
        Tel: 619-990-5533</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">If to The Flanigan Grandchildren Irrevocable</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Trust #4 dated 6/26/2001:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">601 Overlook Drive</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Stuart, Florida 34994</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Attn: Michael B. Flanigan</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Tel: 954-253-0289</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">If to The Flanigan Grandchildren Irrevocable</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Trust #3 dated 6/26/2001:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">722 N.W. Sunset Drive</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Stuart, Florida 34994</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Attn: Patrick J. Flanigan</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Tel: 954-568-8010</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">If to The Flanigan Step-Grandchildren</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Irrevocable Trust dated 2/19/2004:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">601 Overlook Drive</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Stuart, Florida 34994</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Attn: Michael B. Flanigan</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Tel: 954-253-0289</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">If to The Flanigan Grandchildren Irrevocable</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Trust #5 dated 6/26/2001</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">8330 N.E. 159th Terrace</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Miami Lakes, Florida 33024</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Attn: James G. Flanigan</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Tel: 954-240-8714</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05in; text-align: justify">or to such other representative or at
such other address of a Member as such Member may furnish to the other Member in writing. Any such notice, communication or delivery
shall be deemed given or made (a) on the date of delivery, if delivered in person, (b) upon transmission by facsimile if receipt
is confirmed by telephone, (c) on the first business day following delivery to an international overnight courier service, or (d)
on the fifth business day following it being mailed by registered or certified mail.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">14.7 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Entire
Agreement.</U> This Operating Agreement contains the entire understanding of the parties hereto with respect to the subject matter
hereof and supersedes any prior understandings or agreements by or among the parties hereto, whether written or oral, which may
have related to the subject matter hereof in any way.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">14.8 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Severability.</U>
Any provision hereof that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to
the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition
or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
To the extent permitted by law, each of the Members hereby waives any provision of law that renders any such provision prohibited
or unenforceable in any respect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">14.9 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Counterparts.</U>
This Operating Agreement may be executed in two or more counterparts, each of which shall be deemed an original, and it shall not
be necessary in making proof of this Operating Agreement or the terms hereof to produce or account for more than one of such counterparts.
If any signature is delivered by facsimile transmission, or via pdf, such signature shall create a valid binding obligation of
the party executing (or on whose behalf such signature is executed) the same with the same force and effect as if such facsimile
signature were the original thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">14.10 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Dispute
Resolution.</U> Any controversy or claim arising out of or relating to this contract, or the breach thereof, shall be settled by
arbitration administered by the American Arbitration Association in accordance with its Commercial Arbitration Rules including
the Optional Rules for Emergency Measures of Protection, and judgment on the award rendered by the arbitrator(s) may be entered
in any court having jurisdiction thereof. The arbitration shall be held in Miami, Florida.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">14.11 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Professional
Services.</U> The law firm of Rennert Vogel Mandler &amp; Rodriguez, P.A. (&ldquo;RVMR&rdquo;) and Gutter Chaves Josepher Rubin
Forman Fleisher Miller P.A. (&ldquo;GC&rdquo;) have participated in the preparation of this Operating Agreement as counsel for
Flanigan's Enterprises, Inc., and the Company. Neither RVMR nor GC is representing and is not counsel to any of the Members, the
Initial Manager, the Appointed Board of Managers, the First Generation Children, or the Lineal Descendants (collectively, the &ldquo;Non-Clients&rdquo;),
and has not offered or provided, and will not offer or provide, the Non-Clients, and/or any of their respective affiliates, legal
or other advice in connection with the preparation, negotiation, execution or delivery of this Operating Agreement or with respect
to any matter directly or indirectly related hereto. Each of RVMR and GC has recommended to the Non-Clients that they engage independent
legal counsel in connection with this Operating Agreement and the matters related hereto. The Non-Clients, on behalf of themselves,
and their respective affiliates, confirm and agree that neither RVMR nor GC is representing (and has not been engaged to represent)
the Non-Clients, and/or any of their respective affiliates, in connection with this Operating Agreement and matters related hereto
and that RVMR and GC is an intended third party beneficiary of this <U>Section 14.11.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.05in; text-align: center"><I>[Signatures appear on the following
page]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="margin: 0; text-indent: 0.5in"><BR STYLE="clear: both">
</P>

<P STYLE="margin: 0; font-size: 10pt">IN WITNESS WHEREOF, this Operating Agreement has been made and executed by the undersigned
effective as of the date first written above.</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; font-size: 10pt">MANAGER:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>/s/ James G. Flanigan</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">James G. Flanigan</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt"><B>CLASS A MEMBERS:</B></TD>
    <TD STYLE="width: 52%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>/s/ James G. Flanigan</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">James G. Flanigan</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Flanigan Grandchildren Irrevocable Trust
        #5 dated 6/26/2001</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">By: <U>/s/ James G. Flanigan</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">James G. Flanigan, Trustee</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>/s/ Margaret F. Fraser</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Margaret F. Fraser</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Flanigan Step-Grandchildren Irrevocable
        Trust dated 2/19/2004</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">By: <U>/s/ Michael B. Flanigan</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">Michael B. Flanigan, Trustee</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>/s/ Michael B. Flanigan</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Michael B. Flanigan</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Flanigan Grandchildren Irrevocable Trust #4 dated 6/26/2001</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">By: <U>/s/ Michael B. Flanigan</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Michael B. Flanigan, Trustee</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Flanigan Grandchildren Irrevocable Trust #3 dated 6/26/2001</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">By: _<U>/s/ Patrick J. Flanigan</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Patrick J. Flanigan, Trustee</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="margin: 0; font-size: 10pt">CLASS B MEMBER:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>/s/ Patrick J. Flanigan</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Patrick J. Flanigan</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 321.85pt 0 6.45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.05pt 0 0; text-align: center"><B><U>SCHEDULE A</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.05pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.05pt 0 0; text-align: center"><B>MEMBERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 42%; border: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Member Name and Address</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="width: 30%; border-top: Black 1pt dotted; border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Initially Contributed Shares </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>of Common Stock in <BR>
Flanigan&rsquo;s Enterprises,
        Inc.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="width: 15%; border-top: Black 1pt dotted; border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Class of<BR>
 Membership <BR>
Interests</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="width: 13%; border-top: Black 1pt dotted; border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Initial <BR>
Membership <BR>
Interests</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">James G. Flanigan</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">8330 N.W 159<SUP>th</SUP> Terrace</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Miami Lakes, FL 33024</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; font-size: 10pt; text-align: center">Class A</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 4.55pt; padding-left: 6pt; font-size: 10pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Margaret F. Fraser</P>
        <P STYLE="margin: 0; font-size: 10pt">6242 Camanito del Oeste</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">San Diego, CA 92111</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; font-size: 10pt; text-align: center">Class A</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 4.55pt; padding-left: 6pt; font-size: 10pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Michael B. Flanigan</P>
        <P STYLE="margin: 0; font-size: 10pt">601 Overlook Drive</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Stuart, FL 34994</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; font-size: 10pt; text-align: center">Class A</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 4.55pt; padding-left: 6pt; font-size: 10pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Patrick J. Flanigan, Trustee</P>
        <P STYLE="margin: 0; font-size: 10pt">of the The Flanigan Grandchildren Irrevocable Trust #3 dated 6/26/2001</P>
        <P STYLE="margin: 0; font-size: 10pt">722 N.W. Sunset Drive</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Stuart, FL 34994</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; font-size: 10pt; text-align: center">Class A</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 4.55pt; padding-left: 6pt; font-size: 10pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="margin: 0; font-size: 10pt">Michael B. Flanigan, Trustee of the The Flanigan Grandchildren Irrevocable Trust #4 dated
        6/26/2001</P>
        <P STYLE="margin: 0; font-size: 10pt">601 Overlook Drive</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Stuart, FL 34994</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; font-size: 10pt; text-align: center">Class A</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 4.55pt; padding-left: 6pt; font-size: 10pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="margin: 0; font-size: 10pt">James G. Flanigan, Trustee of the The Flanigan Grandchildren Irrevocable Trust #5 dated 6/26/2001</P>
        <P STYLE="margin: 0; font-size: 10pt">8330 N.W 159<SUP>th</SUP> Terrace</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Miami Lakes, FL 33024</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; font-size: 10pt; text-align: center">Class A</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 4.55pt; padding-left: 6pt; font-size: 10pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="margin: 0; font-size: 10pt">Michael B. Flanigan, Trustee of the The Flanigan Step-Grandchildren Irrevocable Trust dated
        2/19/2004</P>
        <P STYLE="margin: 0; font-size: 10pt">601 Overlook Drive</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Stuart, FL 34994</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; font-size: 10pt; text-align: center">Class A</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 4.55pt; padding-left: 6pt; font-size: 10pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="margin: 0; font-size: 10pt">Patrick J. Flanigan</P>
        <P STYLE="margin: 0; font-size: 10pt">722 N.W. Sunset Drive</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Stuart, FL 34994</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; font-size: 10pt; text-align: center">Class B</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 4.55pt; padding-left: 6pt; font-size: 10pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; border-left: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="margin: 0">&nbsp;</P>
        <P STYLE="margin: 0; font-size: 10pt">Total</P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 6pt; padding-left: 6pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt dotted; border-bottom: Black 1pt dotted; padding-right: 4.55pt; padding-left: 6pt; font-size: 10pt; text-align: right">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0.35pt 0 0; text-align: left">Exhibit 3</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.35pt 0 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.35pt 0 0; text-align: center"><B>Operating Agreement<BR>
of<BR>
Motta - Flanigan LLC<BR>
<I><U>(a Florida Limited Liability Company)</U></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 23.9pt 0 0; text-align: justify; text-indent: 0.5in">This Operating.
Agreement of <B>Motta - Flanigan LLC, </B>a Florida limited liability company (the <B>&quot;Company&quot;), </B>is made by and
between the Company and <B>Patricia Ann Motta and James D. Motta, as trustees of the Motta Joint Trust created under trust agreement
dated June 1, 2018, </B>as the sole Member of the Company (the <B>&quot;Member&quot;).</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.95pt 0 0"><B><U>Recitals: </U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12.25pt 0.05in 0 0; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Member has or will form the Company as a limited liability company in accordance with applicable Florida law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12.45pt 0.05in 0 0; text-align: justify; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Member desires to set forth the terms of the business and affairs of the Company, and to determine the rights and obligations of
the Member.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.8pt 0 0"><B><U>Operative Provisions:</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12.55pt 0.05in 0 0; text-align: justify; text-indent: 0.5in">The Company
and the Member, intending to be legally bound by this Agreement, hereby agree that the operating agreement of the Company shall
be as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12.15pt 0 0; text-align: center"><B>ARTICLE 1.<BR>
<U>Organization.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12.1pt 0.05in 0 0; text-align: justify; text-indent: 0.5in">The Member
has or will organize the Company as a Florida limited liability company pursuant to the provisions of the Florida LLC Act by filing
Articles or Organization with the Florida Department of State.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>ARTICLE 2.<BR>
<U>Purpose; Powers.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12.65pt 0.05in 0 0; text-align: justify; text-indent: 0.5in">The purpose
of the Company shall be to engage in any lawful business that may be engaged in by a limited liability company organized under
the Florida LLC Act, as such business activities may be determined by the Managers from time to time. The Company shall have the
authority to do all things necessary or convenient to accomplish its purpose and operate its business as described in this Article
2. The Company shall have all powers of a limited liability company under the Florida LLC Act and the power to do all things necessary
or convenient to accomplish its purpose and operate its business as described in this Article 2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12.5pt 0 0; text-align: center"><B>ARTICLE 3.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.1pt 0 0; text-align: center"><B><U>Capital Contributions.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12.2pt 0.05in 0 0; text-align: justify; text-indent: 0.5in">After the
initial capital contribution, the Member shall have no obligation to make any additional capital contributions to the Company.
However, the Member may make such additional capital contributions to the Company as the Member determines to be necessary, appropriate
or desirable.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12.2pt 0.05in 0 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.75pt 0 0; text-align: center"><B>ARTICLE 4.<BR>
<U>Distributions.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12.2pt 0 0; text-align: justify; text-indent: 0.5in">Distributable
Cash shall be distributed to the Member within ten (10) days after receipt by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.7pt 0 0; text-align: center"><B>ARTICLE 5.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.1pt 0 0; text-align: center"><B><U>Rights, Power and Authority of
the Member and Managers</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.1pt 0 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">5.1. <B><U>Manager-Managed
Company</U></B> The Company shall be a &quot;manager-managed company&quot; within the meaning of the Florida LLC Act. The Company
shall be managed by one or more Managers who shall be designated by the Member. A Manager shall serve until such Manager is removed
or resigns in accordance with this Article, or, with respect to an individual Manager, dies or becomes unable to act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">5.2. <B><U>Initial
Manager.</U></B> The initial Manager shall be James G. Flanigan (&quot;James&quot;). James shall be considered Unable to Act for
purposes of this Agreement if James is no longer the Chief Executive Officer of Flanigan Enterprises, Inc. or if James is incapable
of acting by reason of advanced age, illness, accident or any other cause in the written opinion of two medically certified doctors.
James consents to undergoing any medical tests that the Member may request to determine whether James is Unable to Act. In the
event James is Unable to Act as Manager, Patricia Ann Matta shall become the Manager.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">5.3. <B><U>Resignation.</U></B>
A Manager may resign by giving at least ten (10) days written notice to the other Managers (if any) and the Member (or such shorter
time period acceptable to the Member). Unless otherwise specified in such notice, the acceptance of such resignation shall not
be necessary to make it effective.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">5.4. <B><U>Removal.</U></B>
A Manager may be removed only by the Member. Provided however James may only be removed for failing to comply with the material
terms of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">5.5. <B><U>Manager's
Authority.</U></B> Except as provided in this section, the Manager shall have full, exclusive and complete discretion, right,
power, and authority to manage, control and make all decisions affecting the business and affairs of the Company and to do or
cause to be done any and all acts, at the expense of the Company on the terms provided herein, deemed by the Manager to be necessary
or appropriate to effectuate the business, purposes and objectives of the Company as set forth in this Agreement. The decisions
and acts of the Manager shall bind the Company. If there is more than one Manager, decisions and actions of the Managers shall
be made with their unanimous consent, and according to such procedures, meetings and other protocol determined exclusively by
the Managers and the Member from time to time. In the event that James as Manager wishes to undertake any actions other than voting
of any shares of stock in Flanigan Enterprises, Inc. (&quot;Flanigans&quot;) or selling shares of Flanigans in a transaction where
the Flanigan family is selling all of their shares in Flanigans, James must obtain the written consent of the Member to take such
action.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">5.6. <B><U>No Authority
of Member or Other Persons</U></B><U>.</U> Except for the actions permitted to be taken by the Member as specifically set forth
in this Agreement, or as required by the Florida LLC Act, the Member and any other Person other than the Manager and the Manager&rsquo;s
authorized agents (including but not limited to officers of the Company authorized by the Manager, if any) shall not take part
in the management, or the operation or control of, the business and affairs of the Company. Except as expressly delegated by the
Manager or as required by the Florida LLC Act, no Person other than the Manager and the authorized agents of the Company shall
be an agent of the Company or have any right, power or authority to transact any business in the name of the Company or to act
for or on behalf of or to bind the Company.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">5.7. <B><U>Compensation</U></B><U>.</U>
The Manager shall not be entitled to any compensation for services hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">5.8. <B><U>Replacement
Managers</U></B><U>.</U> If a Manager is not then serving or the current Manager has sent notice of such Manager&rsquo;s resignation,
then the Member shall select a replacement Manager.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">5.9. <B><U>Reliance
by Third</U> Parties</B>. Any Person dealing with the Company, other than a Member, may rely on the authority of the Manager in
taking any action in the name of the Company without inquiry into the provisions of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">5.10. <B>Limited
Liability of the <U>Member</U></B><U>.</U> Except as otherwise required by the Florida LLC Act, the debts, obligations and liabilities
of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company,
and the Member shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of
being a Member.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">5.11 <B><U>Indemnification
of Manager</U></B>. The Company shall indemnify the Manager for claims as provided in Florida Statute 605.0408(2).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>ARTICLE 6.<BR>
<U>Dissolution. </U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Company shall
be dissolved upon the direction of the Member after James is no longer serving as Manager. Upon its dissolution, the Company shall
terminate and immediately commence to liquidate and wind up its affairs. The winding up of the Company&rsquo;s affairs and the
liquidation and distribution of its assets shall be conducted by the Manager, who shall be hereby authorized to do any and all
acts and things authorized by the Florida LLC Act in order to effect such liquidation and distribution of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.4pt 0 0; text-align: center"><B>ARTICLE 7.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 0 0; text-align: center"><B><U>Other Definitions and Miscellaneous</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.4pt 0 0; text-align: justify; text-indent: 0.5in">7.1. <B><U>Other
Definitions</U></B><U>.</U> For purposes of this Agreement, the following terms shall have the following meanings unless the context
clearly indicates otherwise:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 1.05in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: justify; text-indent: 1.05in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&quot;<B>Agreement</B>&quot;
means this Operating. Agreement, as amended, modified, supplemented or restated from time to time. References in the Florida LLC
Act to &quot;operating agreement&quot; shall mean this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 1.05in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: justify; text-indent: 1.05in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>&quot;Distributable
Cash&quot; </B>means all cash received by the Company during any applicable period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: justify; text-indent: 1.05in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>&quot;Florida
LLC Act&quot; </B>means Chapter 605, Florida Statutes, as amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: justify; text-indent: 1.05in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>&quot;Manager&quot;
</B>means the initial Manager designated pursuant to Section 5.2, or such other person or persons who are elected as replacement
Managers in accordance with Section 5.8.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: justify; text-indent: 1.05in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>&quot;Person&quot;
</B>means any individual, corporation, limited liability company, partnership, trust, estate, custodianship or other entity that
has a legal existence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12.25pt 0 0; text-align: justify; text-indent: 0.5in">7.2. <B><U>Amendments.</U></B>
While James is serving as the Manager of the Company, this agreement may be amended only in a writing executed by the Members with
the written consent of the Manager. If James is not serving as the Manager, this Agreement shall be amended only in a writing executed
by the Member; provided, however, that no amendment shall be effective to increase the duties, powers or responsibilities of the
Manager without the written consent of the Manager. If any other Person other than the Member acquires a membership interest in
the Company, the Member and such new member shall amend this Agreement to take into account the existence of multiple members.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.7pt 0 0; text-align: justify; text-indent: 0.5in">7.3. <B><U>Governing
Law.</U></B> This Agreement and the rights of the Member shall be governed by and construed and enforced in accordance with the
laws of the State of Florida.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.75pt 0 0; text-align: justify; text-indent: 0.5in">7.4. <B><U>Parties
in Interest.</U></B> Every covenant, term, provision and agreement contained in this Agreement shall be binding upon and inure
to the benefit of the successors and assigns of the parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.65pt 0 0; text-align: justify; text-indent: 0.5in">7.5. <B><U>Integrated
Agreement.</U></B> This Agreement constitutes the entire understanding and agreement of the parties with respect to its subject
matter, and there are no agreements, understandings, restrictions, representations or warranties among the parties other than those
set forth in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify; text-indent: 0.5in">7.6. <B><U>Pronouns
and Plurals.</U></B> Whenever the context may require, any pronoun used in this Agreement shall include the corresponding masculine,
feminine or neuter forms, and the singular forms of nouns, pronouns and verbs shall include the plural and vice versa.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">This Agreement has
been made and executed by the Company and the Member as of this 3<SUP>rd</SUP> day of November, 2020.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B>COMPANY:</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Motta &ndash; Flanigan LLC</B>, a Florida limited liability company</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD></TR>
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    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt">By: <U>/s/ James G. Flanigan</U></FONT></TD></TR>
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    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;James G. Flanigan</FONT></TD></TR>
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    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B>MEMBER:</B></FONT></TD></TR>
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    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt"><U>/s/ Patricia Ann Motta</U></FONT></TD></TR>
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    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt">Patricia Ann Motta, as trustee of the Motta Joint Trust created under the trust agreement dated June 1, 2018</FONT></TD></TR>
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    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt"><U>/s/ James D. Motta</U></FONT></TD></TR>
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    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt">James D. Motta, as trustee of the Motta Joint Trust created under the trust agreement dated June 1, 2018</FONT></TD></TR>
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    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt"><U>/s/ James G. Flanigan</U></FONT></TD></TR>
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    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt">James G. Flanigan, individually joining into sections 5.2 and 5.5</FONT></TD></TR>
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