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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001010549-09-000732.txt : 20091106
<SEC-HEADER>0001010549-09-000732.hdr.sgml : 20091106
<ACCEPTANCE-DATETIME>20091106093918
ACCESSION NUMBER:		0001010549-09-000732
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20091216
FILED AS OF DATE:		20091106
DATE AS OF CHANGE:		20091106
EFFECTIVENESS DATE:		20091106

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PIZZA INN INC /MO/
		CENTRAL INDEX KEY:			0000718332
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-GROCERIES & RELATED PRODUCTS [5140]
		IRS NUMBER:				470654575
		STATE OF INCORPORATION:			MO
		FISCAL YEAR END:			0626

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12919
		FILM NUMBER:		091163000

	BUSINESS ADDRESS:	
		STREET 1:		3551 PLANO PARKWAY
		CITY:			THE COLONY
		STATE:			TX
		ZIP:			75056
		BUSINESS PHONE:		469-384-5000

	MAIL ADDRESS:	
		STREET 1:		3551 PLANO PARKWAY
		CITY:			THE COLONY
		STATE:			TX
		ZIP:			75056

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PANTERAS CORP
		DATE OF NAME CHANGE:	19901126

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CONCEPT DEVELOPMENT INC
		DATE OF NAME CHANGE:	19870212
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>pizza14a110509.htm
<TEXT>
<html>
    <head>
        <title></title>
    </head>

    <body style="FONT-SIZE: 12pt; FONT-FAMILY: 'TIMES NEW ROMAN'">
        <p></p>

        <p></p>

        <div title="EE+ Page Footer" style="MARGIN-TOP: 12pt">
            <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 10pt">SECURITIES</font></b> <b><font style="FONT-SIZE: 10pt">AND</font></b> <b><font style="FONT-SIZE: 10pt">EXCHANGE</font></b> <b><font style="FONT-SIZE: 10pt">COMMISSION</font></b></p>

            <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 10pt">WASHINGTON,</font></b> <b><font style="FONT-SIZE: 10pt">D.C.</font></b> <b><font style="FONT-SIZE: 10pt">20549</font></b></p>

            <p></p>

            <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font size="5"><b>SCHEDULE</b> <b>14A</b></font></p>

            <p></p>

            <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">Proxy</font> <font style="FONT-SIZE: 10pt">Statement</font> <font style="FONT-SIZE: 10pt">Pursuant</font> <font style="FONT-SIZE: 10pt">to</font> <font style="FONT-SIZE: 10pt">Section</font> <font style="FONT-SIZE: 10pt">14(a)</font> <font style="FONT-SIZE: 10pt">of</font> <font style="FONT-SIZE: 10pt">the</font></p>

            <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">Securities</font> <font style="FONT-SIZE: 10pt">Exchange</font> <font style="FONT-SIZE: 10pt">Act</font> <font style="FONT-SIZE: 10pt">of</font> <font style="FONT-SIZE: 10pt">1934</font> <font style="FONT-SIZE: 10pt">(Amendment</font> <font style="FONT-SIZE: 10pt">No.</font> <font style="FONT-SIZE: 10pt">)</font></p>

            <p></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">Filed</font> <font style="FONT-SIZE: 10pt">by</font> <font style="FONT-SIZE: 10pt">the</font> <font style="FONT-SIZE: 10pt">Registrant</font> <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'WINGDINGS'">x<br>
            </font><font style="FONT-SIZE: 10pt">Filed</font> <font style="FONT-SIZE: 10pt">by</font> <font style="FONT-SIZE: 10pt">a</font> <font style="FONT-SIZE: 10pt">Party</font> <font style="FONT-SIZE: 10pt">other</font> <font style="FONT-SIZE: 10pt">than</font> <font style="FONT-SIZE: 10pt">the</font> <font style="FONT-SIZE: 10pt">Registrant</font> <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'WINGDINGS'">&uml;</font></p>

            <p></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">Check</font> <font style="FONT-SIZE: 10pt">the</font> <font style="FONT-SIZE: 10pt">appropriate</font> <font style="FONT-SIZE: 10pt">box:</font></p>

            <p></p>

            <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                <tr>
                    <td style="BACKGROUND: #ffffff" valign="top" width="5%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: -18px" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'WINGDINGS'">&uml;</font></p>
                    </td>

                    <td style="BACKGROUND: #ffffff" valign="top" width="95%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">Preliminary</font> <font style="FONT-SIZE: 10pt">Proxy</font> <font style="FONT-SIZE: 10pt">Statement</font></p>
                    </td>
                </tr>

                <tr>
                    <td style="BACKGROUND: #ffffff" valign="middle" width="5%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: -18px" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'WINGDINGS'">x</font></p>
                    </td>

                    <td style="BACKGROUND: #ffffff" valign="middle" width="95%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">Definitive</font> <font style="FONT-SIZE: 10pt">Proxy</font> <font style="FONT-SIZE: 10pt">Statement</font></p>
                    </td>
                </tr>

                <tr>
                    <td style="BACKGROUND: #ffffff" valign="middle" width="5%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: -18px" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'WINGDINGS'">&uml;</font></p>
                    </td>

                    <td style="BACKGROUND: #ffffff" valign="middle" width="95%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">Definitive</font> <font style="FONT-SIZE: 10pt">Additional</font> <font style="FONT-SIZE: 10pt">Materials</font></p>
                    </td>
                </tr>

                <tr>
                    <td style="BACKGROUND: #ffffff" valign="top" width="5%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: -18px" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'WINGDINGS'">&uml;</font></p>
                    </td>

                    <td style="BACKGROUND: #ffffff" valign="middle" width="95%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">Soliciting</font> <font style="FONT-SIZE: 10pt">Material</font> <font style="FONT-SIZE: 10pt">Pursuant</font> <font style="FONT-SIZE: 10pt">to</font> <font style="FONT-SIZE: 10pt">Rule</font> <font style="FONT-SIZE: 10pt">14a-11(c)</font> <font style="FONT-SIZE: 10pt">or</font> <font style="FONT-SIZE: 10pt">Rule</font>
                        <font style="FONT-SIZE: 10pt">14a-12</font></p>
                    </td>
                </tr>

                <tr>
                    <td style="BACKGROUND: #ffffff" valign="top" width="5%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: -18px" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'WINGDINGS'">&uml;</font></p>
                    </td>

                    <td style="BACKGROUND: #ffffff" valign="middle" width="95%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><strong><font style="FONT-SIZE: 10pt">Confidential,</font> <font style="FONT-SIZE: 10pt">For</font> <font style="FONT-SIZE: 10pt">Use</font> <font style="FONT-SIZE: 10pt">of</font> <font style="FONT-SIZE: 10pt">the</font> <font style="FONT-SIZE: 10pt">Commission</font> <font style="FONT-SIZE: 10pt">Only</font> <font style="FONT-SIZE: 10pt">(as</font>
                        <font style="FONT-SIZE: 10pt">permitted</font> <font style="FONT-SIZE: 10pt">by</font> <font style="FONT-SIZE: 10pt">Rule</font> <font style="FONT-SIZE: 10pt">14a-6(e)(2))</font></strong></p>
                    </td>
                </tr>
            </table>
            <br>

            <table cellspacing="0" cellpadding="0" width="100%" border="0">
                <tr>
                    <td style="BORDER-BOTTOM: black 1px solid" width="100%">
                        <p align="center"><strong><font size="6">Pizza Inn, Inc.</font></strong></p>
                    </td>
                </tr>

                <tr>
                    <td width="100%">
                        <p align="center"><font size="2">(Name</font> <font style="FONT-SIZE: 10pt">of</font> <font style="FONT-SIZE: 10pt">Registrant</font> <font style="FONT-SIZE: 10pt">as</font> <font style="FONT-SIZE: 10pt">Specified</font> <font style="FONT-SIZE: 10pt">In</font> <font style="FONT-SIZE: 10pt">Its</font> <font style="FONT-SIZE: 10pt">Charter)</font></p>
                    </td>
                </tr>

                <tr>
                    <td width="100%">
                    </td>
                </tr>

                <tr>
                    <td style="BORDER-BOTTOM: black 1px solid" width="100%">&nbsp;</td>
                </tr>

                <tr>
                    <td width="100%">
                        <p align="center"><font size="2">(Name</font> <font style="FONT-SIZE: 10pt">of</font> <font style="FONT-SIZE: 10pt">Person(s)</font> <font style="FONT-SIZE: 10pt">Filing</font> <font style="FONT-SIZE: 10pt">Proxy</font> <font style="FONT-SIZE: 10pt">Statement,</font> <font style="FONT-SIZE: 10pt">if</font> <font style="FONT-SIZE: 10pt">Other</font> <font style="FONT-SIZE: 10pt">Than</font> <font style="FONT-SIZE: 10pt">the</font>
                        <font style="FONT-SIZE: 10pt">Registrant)</font></p>
                    </td>
                </tr>
            </table>

            <p align="left"><font style="FONT-SIZE: 10pt">Payment</font> <font style="FONT-SIZE: 10pt">of</font> <font style="FONT-SIZE: 10pt">Filing</font> <font style="FONT-SIZE: 10pt">Fee</font> <font style="FONT-SIZE: 10pt">(Check</font> <font style="FONT-SIZE: 10pt">the</font> <font style="FONT-SIZE: 10pt">appropriate</font> <font style="FONT-SIZE: 10pt">box):</font></p>

            <p></p>

            <p></p>

            <table cellspacing="0" cellpadding="0" width="100%" border="0">
                <tr>
                    <td valign="top" width="5%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'WINGDINGS'">x</font></p>
                    </td>

                    <td valign="top" width="95%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">No</font> <font style="FONT-SIZE: 10pt">fee</font> <font style="FONT-SIZE: 10pt">required.</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" width="5%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'WINGDINGS'">&uml;</font></p>
                    </td>

                    <td valign="top" width="95%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">Fee</font> <font style="FONT-SIZE: 10pt">computed</font> <font style="FONT-SIZE: 10pt">on</font> <font style="FONT-SIZE: 10pt">table</font> <font style="FONT-SIZE: 10pt">below</font> <font style="FONT-SIZE: 10pt">per</font> <font style="FONT-SIZE: 10pt">Exchange</font> <font style="FONT-SIZE: 10pt">Act</font>
                        <font style="FONT-SIZE: 10pt">Rules</font> <font style="FONT-SIZE: 10pt">14a-6(i)(1)</font> <font style="FONT-SIZE: 10pt">and</font> <font style="FONT-SIZE: 10pt">0-11.</font></p>
                    </td>
                </tr>
            </table>
            <br>

            <p></p>

            <p></p>

            <table cellspacing="0" cellpadding="0" width="100%" border="0">
                <tr>
                    <td valign="middle" width="5%">&nbsp;</td>

                    <td valign="top" width="5%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">1)</font></p>
                    </td>

                    <td valign="top" width="90%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">Title</font> <font style="FONT-SIZE: 10pt">of</font> <font style="FONT-SIZE: 10pt">each</font> <font style="FONT-SIZE: 10pt">class</font> <font style="FONT-SIZE: 10pt">of</font> <font style="FONT-SIZE: 10pt">securities</font> <font style="FONT-SIZE: 10pt">to</font> <font style="FONT-SIZE: 10pt">which</font>
                        <font style="FONT-SIZE: 10pt">transaction</font> <font style="FONT-SIZE: 10pt">applies:</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="middle" width="5%">&nbsp;</td>

                    <td valign="top" width="5%">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="90%">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="middle" width="5%">&nbsp;</td>

                    <td valign="top" width="5%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">2)</font></p>
                    </td>

                    <td valign="top" width="90%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">Aggregate</font> <font style="FONT-SIZE: 10pt">number</font> <font style="FONT-SIZE: 10pt">of</font> <font style="FONT-SIZE: 10pt">securities</font> <font style="FONT-SIZE: 10pt">to</font> <font style="FONT-SIZE: 10pt">which</font> <font style="FONT-SIZE: 10pt">transaction</font> <font style="FONT-SIZE: 10pt">applies:</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="middle" width="5%">&nbsp;</td>

                    <td valign="top" width="5%">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="90%">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="middle" width="5%">&nbsp;</td>

                    <td valign="top" width="5%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">3)</font></p>
                    </td>

                    <td valign="top" width="90%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">Per</font> <font style="FONT-SIZE: 10pt">unit</font> <font style="FONT-SIZE: 10pt">price</font> <font style="FONT-SIZE: 10pt">or</font> <font style="FONT-SIZE: 10pt">other</font> <font style="FONT-SIZE: 10pt">underlying</font> <font style="FONT-SIZE: 10pt">value</font> <font style="FONT-SIZE: 10pt">of</font>
                        <font style="FONT-SIZE: 10pt">transaction</font> <font style="FONT-SIZE: 10pt">computed</font> <font style="FONT-SIZE: 10pt">pursuant</font> <font style="FONT-SIZE: 10pt">to</font> <font style="FONT-SIZE: 10pt">Exchange</font> <font style="FONT-SIZE: 10pt">Act</font> <font style="FONT-SIZE: 10pt">Rule</font> <font style="FONT-SIZE: 10pt">0-11</font> <font style="FONT-SIZE: 10pt">(set</font> <font style="FONT-SIZE: 10pt">forth</font>
                        <font style="FONT-SIZE: 10pt">the</font> <font style="FONT-SIZE: 10pt">amount</font> <font style="FONT-SIZE: 10pt">on</font> <font style="FONT-SIZE: 10pt">which</font> <font style="FONT-SIZE: 10pt">the</font> <font style="FONT-SIZE: 10pt">filing</font> <font style="FONT-SIZE: 10pt">fee</font> <font style="FONT-SIZE: 10pt">is</font> <font style="FONT-SIZE: 10pt">calculated</font> <font style="FONT-SIZE: 10pt">and</font> <font style="FONT-SIZE: 10pt">state</font>
                        <font style="FONT-SIZE: 10pt">how</font> <font style="FONT-SIZE: 10pt">it</font> <font style="FONT-SIZE: 10pt">was</font> <font style="FONT-SIZE: 10pt">determined):</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="middle" width="5%">&nbsp;</td>

                    <td valign="top" width="5%">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="90%">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="middle" width="5%">&nbsp;</td>

                    <td valign="top" width="5%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">4)</font></p>
                    </td>

                    <td valign="top" width="90%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">Proposed</font> <font style="FONT-SIZE: 10pt">maximum</font> <font style="FONT-SIZE: 10pt">aggregate</font> <font style="FONT-SIZE: 10pt">value</font> <font style="FONT-SIZE: 10pt">of</font> <font style="FONT-SIZE: 10pt">transaction:</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="middle" width="5%">&nbsp;</td>

                    <td valign="top" width="5%">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="90%">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="middle" width="5%">&nbsp;</td>

                    <td valign="top" width="5%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">5)</font></p>
                    </td>

                    <td valign="top" width="90%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">Total</font> <font style="FONT-SIZE: 10pt">fee</font> <font style="FONT-SIZE: 10pt">paid:</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="middle" width="5%">&nbsp;</td>

                    <td valign="top" width="5%">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="90%">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="middle" width="5%">&nbsp;</td>

                    <td valign="top" width="5%">&nbsp;</td>

                    <td valign="top" width="90%">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="middle" width="5%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'WINGDINGS'">&uml;</font></p>
                    </td>

                    <td valign="top" width="95%" colspan="2">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">Fee</font> <font style="FONT-SIZE: 10pt">paid</font> <font style="FONT-SIZE: 10pt">previously</font> <font style="FONT-SIZE: 10pt">with</font> <font style="FONT-SIZE: 10pt">preliminary</font> <font style="FONT-SIZE: 10pt">materials:</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="middle" width="5%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'WINGDINGS'">&uml;</font></p>
                    </td>

                    <td valign="top" width="95%" colspan="2">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">Check</font> <font style="FONT-SIZE: 10pt">box</font> <font style="FONT-SIZE: 10pt">if</font> <font style="FONT-SIZE: 10pt">any</font> <font style="FONT-SIZE: 10pt">part</font> <font style="FONT-SIZE: 10pt">of</font> <font style="FONT-SIZE: 10pt">the</font> <font style="FONT-SIZE: 10pt">fee</font> <font style="FONT-SIZE: 10pt">is</font>
                        <font style="FONT-SIZE: 10pt">offset</font> <font style="FONT-SIZE: 10pt">as</font> <font style="FONT-SIZE: 10pt">provided</font> <font style="FONT-SIZE: 10pt">by</font> <font style="FONT-SIZE: 10pt">Exchange</font> <font style="FONT-SIZE: 10pt">Act</font> <font style="FONT-SIZE: 10pt">Rule</font> <font style="FONT-SIZE: 10pt">0-11(a)(2)</font> <font style="FONT-SIZE: 10pt">and</font> <font style="FONT-SIZE: 10pt">identify</font> <font style="FONT-SIZE: 10pt">the</font>
                        <font style="FONT-SIZE: 10pt">filing</font> <font style="FONT-SIZE: 10pt">for</font> <font style="FONT-SIZE: 10pt">which</font> <font style="FONT-SIZE: 10pt">the</font> <font style="FONT-SIZE: 10pt">offsetting</font> <font style="FONT-SIZE: 10pt">fee</font> <font style="FONT-SIZE: 10pt">was</font> <font style="FONT-SIZE: 10pt">paid</font> <font style="FONT-SIZE: 10pt">previously.</font> <font style="FONT-SIZE: 10pt">Identify</font>
                        <font style="FONT-SIZE: 10pt">the</font> <font style="FONT-SIZE: 10pt">previous</font> <font style="FONT-SIZE: 10pt">filing</font> <font style="FONT-SIZE: 10pt">by</font> <font style="FONT-SIZE: 10pt">registration</font> <font style="FONT-SIZE: 10pt">statement</font> <font style="FONT-SIZE: 10pt">number,</font> <font style="FONT-SIZE: 10pt">or</font> <font style="FONT-SIZE: 10pt">the</font> <font style="FONT-SIZE: 10pt">form</font> <font style="FONT-SIZE: 10pt">or</font>
                        <font style="FONT-SIZE: 10pt">schedule</font> <font style="FONT-SIZE: 10pt">and</font> <font style="FONT-SIZE: 10pt">the</font> <font style="FONT-SIZE: 10pt">date</font> <font style="FONT-SIZE: 10pt">of</font> <font style="FONT-SIZE: 10pt">its</font> <font style="FONT-SIZE: 10pt">filing.</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="middle" width="5%">&nbsp;</td>

                    <td valign="top" width="5%">&nbsp;</td>

                    <td valign="top" width="90%">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="middle" width="5%">&nbsp;</td>

                    <td valign="top" width="5%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">1)</font></p>
                    </td>

                    <td valign="top" width="90%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">Amount</font> <font style="FONT-SIZE: 10pt">previously</font> <font style="FONT-SIZE: 10pt">paid:</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="middle" width="5%">&nbsp;</td>

                    <td valign="top" width="5%">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="90%">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="middle" width="5%">&nbsp;</td>

                    <td valign="top" width="5%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">2)</font></p>
                    </td>

                    <td valign="top" width="90%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">Form,</font> <font style="FONT-SIZE: 10pt">Schedule</font> <font style="FONT-SIZE: 10pt">or</font> <font style="FONT-SIZE: 10pt">Registration</font> <font style="FONT-SIZE: 10pt">Statement</font> <font style="FONT-SIZE: 10pt">No.:</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="middle" width="5%">&nbsp;</td>

                    <td valign="top" width="5%">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="90%">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="middle" width="5%">&nbsp;</td>

                    <td valign="top" width="5%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">3)</font></p>
                    </td>

                    <td valign="top" width="90%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">Filing</font> <font style="FONT-SIZE: 10pt">Party:</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="middle" width="5%">&nbsp;</td>

                    <td valign="top" width="5%">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="90%">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="middle" width="5%">&nbsp;</td>

                    <td valign="top" width="5%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">4)</font></p>
                    </td>

                    <td valign="top" width="90%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 10pt">Date</font> <font style="FONT-SIZE: 10pt">Filed:</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="middle" width="5%">&nbsp;</td>

                    <td valign="top" width="5%">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top" width="90%">&nbsp;</td>
                </tr>
            </table>
        </div>

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            <p style="MARGIN-TOP: 0pt; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">&nbsp;</p>
        </div>

        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">&nbsp;<b><font style="FONT-FAMILY: 'ARIAL'">&nbsp;&nbsp;</font></b></p>

        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"></p>

        <table cellspacing="0" cellpadding="0" width="100%" border="0">
            <tr>
                <td colspan="6">
                    <p align="center"><img height="114" src="pizzalogo.jpg" width="204"></p>
                </td>
            </tr>

            <tr>
                <td align="left" width="60%">
                </td>

                <td align="left" width="1%">
                </td>

                <td align="left" width="4%">
                </td>

                <td colspan="3">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="left" width="60%"><font face="Times New Roman, Times, serif" size="2"><strong>Mark E. Schwarz</strong></font></td>

                <td align="left" width="1%"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="4%"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td colspan="3">
                    <p align="right"><font face="Times New Roman, Times, serif" size="2"><strong>Pizza Inn, Inc.</strong>&nbsp;&nbsp;</font></p>
                </td>
            </tr>

            <tr>
                <td align="left">
                </td>

                <td align="left">
                </td>

                <td align="left">
                </td>

                <td colspan="3">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="left"><font face="Times New Roman, Times, serif" size="2">Chairman of the Board</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td colspan="3">
                    <p align="right"><font face="Times New Roman, Times, serif" size="2">3551 Plano Parkway&nbsp;&nbsp;</font></p>
                </td>
            </tr>

            <tr>
                <td align="left">
                </td>

                <td align="left">
                </td>

                <td align="left">
                </td>

                <td colspan="3">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="left"><font face="Times New Roman, Times, serif" size="2"><strong>Charles R. Morrison</strong></font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td colspan="3">
                    <p align="right"><font face="Times New Roman, Times, serif" size="2">The Colony, TX 75056&nbsp;&nbsp;</font></p>
                </td>
            </tr>

            <tr>
                <td align="left">
                </td>

                <td align="left">
                </td>

                <td align="left">
                </td>

                <td align="right" colspan="3">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="left"><font face="Times New Roman, Times, serif" size="2">Chief Executive Officer and President</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="right" colspan="3"><font face="Times New Roman, Times, serif" size="2">www.pizzainn.com&nbsp;&nbsp;</font></td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
        &nbsp; </font></p>

        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">To our Shareholders:</font></p>

        <p></p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">We are pleased to invite you to the 2009 Annual Meeting of Shareholders of Pizza Inn, Inc. to be held at Pizza Inn&rsquo;s corporate offices, 3551 Plano Parkway, The Colony, Texas 75056, on Wednesday, December 16, 2009, at 10:00 a.m., local time.&nbsp;<br>
        <br>
        Details regarding admission to the meeting and the business to be conducted are more fully described in the accompanying Notice of Annual Meeting and Proxy Statement.&nbsp;<br>
        <br>
        Your vote is important. Whether or not you plan to attend the annual meeting, we hope you will vote as soon as possible. To vote your shares, you may use the enclosed proxy card, vote via the Internet or telephone or attend the special meeting and vote in person. On behalf of our board of directors, we urge you to complete, sign, date and return the enclosed proxy card, or vote via the Internet or telephone, even if you currently plan to attend the annual meeting because this will help
        to ensure your representation at the annual meeting. Please review the instructions on the proxy card regarding each of these voting options.&nbsp;<br>
        <br>
        Thank you for your ongoing support of and continued interest in Pizza Inn, Inc.</p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"></p>

        <table cellspacing="0" cellpadding="0" width="100%" border="0">
            <tr valign="bottom">
                <td align="left" width="34%"><font face="Times New Roman, Times, serif" size="2">Sincerely,</font></td>

                <td align="left" width="1%"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="130"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="471"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="1%"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="1%"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td align="left" rowspan="3"><img height="55" src="schwarz.jpg" width="97"></td>

                <td align="left">
                </td>

                <td align="left" width="130">
                </td>

                <td align="left" width="471" rowspan="3"><img height="87" src="morrison.jpg" width="156"></td>

                <td align="left">
                </td>

                <td align="left">
                </td>
            </tr>

            <tr>
                <td align="left">
                </td>

                <td align="left" width="130">
                </td>

                <td align="left">
                </td>

                <td align="left">
                </td>
            </tr>

            <tr>
                <td align="left">
                </td>

                <td align="left" width="130">
                </td>

                <td align="left">
                </td>

                <td align="left">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="left"><font face="Times New Roman, Times, serif" size="2"><strong>Mark E. Schwarz</strong></font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="130"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="471"><font face="Times New Roman, Times, serif" size="2"><strong>Charles R. Morrison</strong></font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
            </tr>

            <tr valign="bottom">
                <td align="left"><font face="Times New Roman, Times, serif" size="2">Chairman of the Board</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="130"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="471"><font face="Times New Roman, Times, serif" size="2">Chief Executive Officer and President</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
            </tr>
        </table>
        <br>

        <p></p>
        <br>
        <br>
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        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 14pt">PIZZA INN, INC.</font></b></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 10pt">3551 PLANO PARKWAY<br>
        THE COLONY, TEXAS 75056<br>
        (469) 384-5000</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"></p>

        <table cellspacing="0" cellpadding="0" width="100%" border="0">
            <tr valign="bottom">
                <td align="left" width="120">
                </td>

                <td align="left" width="11"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="42"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" colspan="6"><font face="Times New Roman, Times, serif" size="2"><strong>NOTICE OF ANNUAL MEETING OF SHAREHOLDERS</strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
            </tr>

            <tr>
                <td align="left" width="120">
                </td>

                <td align="left" width="11">
                </td>

                <td align="left" width="42">
                </td>

                <td align="left" colspan="6">&nbsp;</td>
            </tr>

            <tr valign="bottom">
                <td align="left" width="120"><font face="Times New Roman, Times, serif" size="2"><strong>Time and Date</strong></font></td>

                <td align="left" width="11"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="42"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" colspan="6"><font face="Times New Roman, Times, serif" size="2">10:00 a.m., local time, on Wednesday, December 16, 2009.&nbsp;&nbsp;</font></td>
            </tr>

            <tr>
                <td colspan="3">
                </td>

                <td colspan="6">&nbsp;</td>
            </tr>

            <tr valign="bottom">
                <td align="left" width="120"><font face="Times New Roman, Times, serif" size="2"><strong>Place</strong></font></td>

                <td align="left" width="11"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="42"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" colspan="6"><font face="Times New Roman, Times, serif" size="2">The Company&rsquo;s corporate offices at 3551 Plano Parkway, The Colony, TX 75056.&nbsp;&nbsp;</font></td>
            </tr>

            <tr>
                <td colspan="3">
                </td>

                <td colspan="6">&nbsp;</td>
            </tr>

            <tr valign="bottom">
                <td align="left" width="120"><font face="Times New Roman, Times, serif" size="2"><strong>Items of Business</strong></font></td>

                <td align="left" width="11"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="42"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td valign="top" align="left" width="5"><font face="Times New Roman, Times, serif" size="2">(1)</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td colspan="4">
                    <p align="justify"><font face="Times New Roman, Times, serif" size="2">&nbsp;To elect seven directors to hold office until the next annual meeting of shareholders or until their respective successors have been elected and qualified;&nbsp;&nbsp;</font></p>
                </td>
            </tr>

            <tr>
                <td colspan="3">
                </td>

                <td colspan="6">&nbsp;</td>
            </tr>

            <tr valign="bottom">
                <td align="left" width="120">
                </td>

                <td align="left" width="11"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="42"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td valign="top" align="left" width="5"><font face="Times New Roman, Times, serif" size="2">(2)</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td colspan="3">
                    <p align="justify"><font face="Times New Roman, Times, serif" size="2">To ratify the appointment of Montgomery, Coscia and Greilich, LLP as the Company&rsquo;s independent registered public accounting firm for fiscal year 2010; and&nbsp;&nbsp;</font></p>
                </td>
            </tr>

            <tr>
                <td colspan="3">
                </td>

                <td colspan="6">&nbsp;</td>
            </tr>

            <tr valign="bottom">
                <td align="left" width="120">
                </td>

                <td align="left" width="11"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="42"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td valign="top" align="left" width="5"><font face="Times New Roman, Times, serif" size="2">(3)</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">To transact such other business as may properly come before the meeting or any postponement or adjournment thereof.</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td colspan="3">
                </td>

                <td colspan="6">&nbsp;</td>
            </tr>

            <tr valign="bottom">
                <td align="left" width="120"><font face="Times New Roman, Times, serif" size="2"><strong>Adjournments and</strong></font></td>

                <td align="left" width="11"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="42"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td colspan="6">
                </td>
            </tr>

            <tr valign="bottom">
                <td valign="top" align="left" width="120"><font face="Times New Roman, Times, serif" size="2"><strong>Postponements</strong></font></td>

                <td align="left" width="11"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="42"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td colspan="6">
                    <p align="justify"><font face="Times New Roman, Times, serif" size="2">Any action on the items of business described above may be considered at the annual meeting on the date specified above or at any time and date to which the annual meeting may be properly adjourned or postponed.&nbsp;&nbsp;</font></p>
                </td>
            </tr>

            <tr>
                <td valign="top" align="left" width="120">
                </td>

                <td align="left" width="11">
                </td>

                <td align="left" width="42">
                </td>

                <td align="left" colspan="6">&nbsp;</td>
            </tr>

            <tr valign="bottom">
                <td valign="top" align="left" width="120"><font face="Times New Roman, Times, serif" size="2"><strong>Record Date</strong></font></td>

                <td align="left" width="11"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="42"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td colspan="6">
                    <p align="justify"><font face="Times New Roman, Times, serif" size="2">You are entitled to vote only if you were a Company shareholder as of the close of business on October 20, 2009 (the &ldquo;Record Date&rdquo;). At the close of business on the Record Date, there were 8,010,919 outstanding shares of Common Stock, $.01 par value per share, of the Company. No other class of securities of the Company is entitled to notice of, or to vote at, the annual
                    meeting.&nbsp;&nbsp;</font></p>
                </td>
            </tr>
        </table>
        <br>
        <br>

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        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 11pt">&nbsp;&nbsp;</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"></p>

        <table cellspacing="0" cellpadding="0" width="100%" border="0">
            <tr valign="bottom">
                <td valign="top" align="left" width="120"><font face="Times New Roman, Times, serif" size="2"><strong>Meeting Admission</strong></font></td>

                <td align="left" width="11"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="42"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td colspan="6">
                    <p align="justify"><font face="Times New Roman, Times, serif" size="2">You are entitled to attend the annual meeting only if you were a Company shareholder as of the close of business on the Record Date or hold a valid proxy for the annual meeting. You should be prepared to offer proof of identification for admittance. If you are a shareholder of record or hold your shares through the Pizza Inn, Inc. 401(k) Plan, we may verify your ownership as of the Record Date prior to
                    admitting you to the meeting. If you are not a shareholder of record but hold your shares through a broker, trustee or nominee (i.e., in &ldquo;street name&rdquo;), you should provide proof of beneficial ownership as of the Record Date, such as your most recent account statement prior to October&nbsp;&nbsp;</font></p>
                </td>
            </tr>

            <tr>
                <td valign="top" align="left" width="120">
                </td>

                <td align="left" width="11">
                </td>

                <td align="left" width="42">
                </td>

                <td align="left" colspan="6">&nbsp;</td>
            </tr>

            <tr valign="bottom">
                <td valign="top" align="left" width="120"><font face="Times New Roman, Times, serif" size="2"><strong>Voting</strong></font></td>

                <td align="left" width="11"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="42"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td colspan="6">
                    <p align="justify"><font face="Times New Roman, Times, serif" size="2">Your vote is very important. Whether or not you plan to attend the annual meeting, we encourage you to read the accompanying proxy statement and submit your proxy or voting instructions as soon as possible. You may submit your proxy or voting instructions by completing, signing, dating and returning your proxy card in the pre-addressed envelope provided or, in most cases, by using the telephone or
                    Internet. For specific instructions on how to vote your shares, please refer to the section entitled Questions and Answers &ndash; Voting Information in the accompanying proxy statement and the instructions on the accompanying proxy card.&nbsp;&nbsp;</font></p>
                </td>
            </tr>
        </table>
        <br>
        <br>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"></p>

        <table cellspacing="0" cellpadding="0" width="100%" border="0">
            <tr valign="bottom">
                <td align="left">
                </td>

                <td align="left" width="1%"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="446"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="477"><font face="Times New Roman, Times, serif" size="2">By order of the Board of Directors,</font></td>

                <td align="left" width="1%"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="1%"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td align="left">
                </td>

                <td align="left">
                </td>

                <td align="left" width="446">
                </td>

                <td align="left" width="477">
                </td>

                <td align="left">
                </td>

                <td align="left">
                </td>
            </tr>

            <tr>
                <td align="left">
                </td>

                <td align="left">
                </td>

                <td align="left" width="446">
                </td>

                <td align="left" width="477" rowspan="2"><img height="59" src="ellefson.jpg" width="271"></td>

                <td align="left">
                </td>

                <td align="left">
                </td>
            </tr>

            <tr>
                <td align="left">
                </td>

                <td align="left">
                </td>

                <td align="left" width="446">
                </td>

                <td align="left">
                </td>

                <td align="left">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="left">
                </td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="446"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="477"><font face="Times New Roman, Times, serif" size="2">Nancy A. Ellefson</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
            </tr>

            <tr valign="bottom">
                <td align="left">
                </td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="446"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="477"><font face="Times New Roman, Times, serif" size="2">Vice President of Finance, Principal Accounting Officer</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
            </tr>

            <tr valign="bottom">
                <td align="left">
                </td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="446"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="477"><font face="Times New Roman, Times, serif" size="2">and Secretary</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
            </tr>

            <tr valign="bottom">
                <td align="left">
                </td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="446"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="477"><font face="Times New Roman, Times, serif" size="2">The Colony, Texas</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
            </tr>

            <tr valign="bottom">
                <td align="left">
                </td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="446"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="477"><font face="Times New Roman, Times, serif" size="2">November 9, 2009</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
            </tr>
        </table>
        <br>
        <br>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"></p>
        <hr>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><i><font style="FONT-SIZE: 10pt">This Notice of Annual Meeting and Proxy Statement and form of proxy are </font></i><i><font style="FONT-SIZE: 10pt">first </font></i><i><font style="FONT-SIZE: 10pt">being distributed on or about November</font></i> <i><font style="FONT-SIZE: 10pt">9</font></i><i><font style="FONT-SIZE: 10pt">,
        200</font></i><i><font style="FONT-SIZE: 10pt">9</font></i><i><font style="FONT-SIZE: 10pt">.</font></i></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">&nbsp;</p>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr width="100%" color="#000000" size="2">
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">&nbsp;</p>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 10pt">PROXY STATEMENT<br>
        <br>
        FOR THE ANNUAL MEETING OF SHAREHOLDERS<br>
        <br>
        TO BE HELD DECEMBER 16, 2009<br>
        &nbsp; </font></b></p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">Pizza Inn, Inc., a Missouri corporation (the &ldquo;Company&rdquo;), is soliciting proxies to be voted at the Annual Meeting of Shareholders to be held at the Company's corporate offices, 3551 Plano Parkway, The Colony, Texas 75056, on Wednesday, December 16, 2009, at 10:00 a.m., local time, and at any postponement or adjournment thereof. This
        Proxy Statement and the enclosed form of proxy are first being sent or given to the Company's shareholders on or about November 9, 2009.&nbsp;</p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 10pt">QUESTIONS AND ANSWERS</font></b>&nbsp;</p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><u><font style="FONT-SIZE: 10pt">Proxy Materials</font></u></b></p>

        <p></p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Why am I receiving these materials?</b>&nbsp;</p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">The board of directors (the &ldquo;Board&rdquo;) of the Company is providing these proxy materials to you in connection with the Company&rsquo;s annual meeting of shareholders, which is scheduled to take place on Wednesday, December 16, 2009, at 10:00 a.m., local time. As a shareholder, you are invited to attend the annual meeting and are
            entitled and requested to vote on the items of business described in this proxy statement.</p>
        </blockquote>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><font style="FONT-SIZE: 10pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; What information is contained in this proxy statement?</font></b>&nbsp;</p>

        <p></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">The information in this proxy statement relates to the proposals to be voted on at the annual meeting, the voting process, the Board and Board committees, the compensation of directors and executive officers and other required information.</p>
        </blockquote>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><font style="FONT-SIZE: 10pt">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; How may I obtain the Company&rsquo;s Form 10-K and other financial information?</font></b>&nbsp;</p>

        <p></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">A copy of our 2009 Annual Report, which includes our Form 10-K for the fiscal year ended June 28, 2009, is enclosed. Shareholders may request another free copy of our 2009 Annual Report from:</p>
        </blockquote>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">Pizza Inn, Inc.<br>
        Attn: Investor Relations<br>
        3551 Plano Parkway<br>
        The Colony, TX 75056</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">(800) 880-9955</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">&nbsp;</p>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr width="100%" color="#000000" size="2">
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">&nbsp;</p>

        <p></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">Alternatively, current and prospective investors can access the 2009 Annual Report on the Investor Relations page of our web site at:</p>
        </blockquote>

        <p></p>

        <p></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">We will also furnish any exhibit to the 2009 Form 10-K,</font> <font style="FONT-SIZE: 10pt">if specifically requested.&nbsp; </font></p>
        </blockquote>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><font style="FONT-SIZE: 10pt">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; How may I obtain a separate set of proxy materials?</font></b>&nbsp;</p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">If you share an address with another shareholder, you may receive only one set of proxy materials (including our 2009 Annual Report) unless you have provided contrary instructions. If you hold shares beneficially in &ldquo;street name&rdquo; and you wish to receive a separate set of proxy materials in the future, please contact:</p>
        </blockquote>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">Broadridge Financial Solutions, Inc.<br>
        <br>
        (800) 542-1061</font></p>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><font style="FONT-SIZE: 10pt">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; How may I request a single set of proxy materials for my household?</font></b>&nbsp;</p>

        <p></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">If you share an address with another shareholder and have received multiple copies of our proxy materials, you may write us at the address shown in the answer to question 3 above and request that a single set of proxy materials be sent to your household in the future.</p>
        </blockquote>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><b><font style="FONT-SIZE: 10pt">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; How may I request an electronic copy of the proxy materials?</font></b><br>
        </p>

        <p></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">You may sign up for future electronic delivery of proxy materials at by using your control number and following the instructions online.</p>
        </blockquote>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><font style="FONT-SIZE: 10pt">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; What should I do if I receive more than one set of proxy materials?</font></b></p>

        <p></p>

        <p></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">Under certain circumstances, you may receive more than one set of proxy materials, including multiple copies of this proxy statement and multiple proxy cards. For example, if you hold your shares in more than one brokerage account, you may receive a proxy card for each such brokerage account. If you are a shareholder of record and your
            shares are registered in more than one name, or variation of a name, you will receive more than one proxy card. Please complete, sign, date and return each proxy card that you receive.</p>
        </blockquote>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr width="100%" color="#000000" size="2">
        </div>

        <p dir="ltr" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b><u><font style="FONT-SIZE: 10pt">Voting Information</font></u></b></p>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><font style="FONT-SIZE: 10pt">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; What matters will be acted on at the annual meeting?</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"></p>

        <table cellspacing="0" cellpadding="0" width="100%" border="0">
            <tr valign="bottom">
                <td align="left" colspan="9">
                    <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
                        <p><font face="Times New Roman, Times, serif" size="2">The matters scheduled to be acted on at the annual meeting are:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                    </blockquote>
                </td>
            </tr>

            <tr valign="bottom">
                <td align="left">
                </td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="right" width="30"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td width="17">
                    <p align="left"><font face="Times New Roman, Times, serif" size="2">(1)</font></p>
                </td>

                <td align="left" width="54">
                </td>

                <td align="left" width="867"><font face="Times New Roman, Times, serif" size="2">To elect seven directors to hold office until the next annual meeting of shareholders or until their respective successors have been elected and qualified;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td colspan="3">
                </td>

                <td colspan="3">
                </td>

                <td colspan="3">&nbsp;</td>
            </tr>

            <tr valign="bottom">
                <td align="left">
                </td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="right" width="30"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td width="17">
                    <p align="left"><font face="Times New Roman, Times, serif" size="2">(2)</font></p>
                </td>

                <td align="left" width="54">
                </td>

                <td width="867">
                    <p align="justify"><font face="Times New Roman, Times, serif" size="2">To ratify the appointment of Montgomery, Coscia and Greilich, LLP as the Company&rsquo;s independent registered public accounting firm for fiscal year 2010; and</font></p>
                </td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td align="left">
                </td>

                <td align="left">
                </td>

                <td align="left">
                </td>

                <td align="right" width="30">
                </td>

                <td align="right" width="17">
                </td>

                <td align="left" width="54">
                </td>

                <td align="left" width="867">&nbsp;</td>

                <td align="left">
                </td>

                <td align="left">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="left">
                </td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="right" width="30"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td valign="top" width="22">
                    <p align="left"><font face="Times New Roman, Times, serif" size="2">(3)</font></p>
                </td>

                <td align="left" width="54">
                </td>

                <td width="867">
                    <p align="justify"><font face="Times New Roman, Times, serif" size="2">To transact such other business as may properly come before the meeting or any postponement or adjournment thereof.(See question below, &ldquo;<em>What happens</em> <em>if additional matters are presented at the meeting?&rdquo;)</em></font></p>
                </td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
            </tr>
        </table>
        <br>
        <br>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; How does the Board recommend that I vote?</b><br>
        <br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Our Board recommends that you vote your shares &ldquo;FOR&rdquo; each of the scheduled items of business.</p>

        <table>
            <tr>
                <td>
                </td>

                <td valign="top">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt"><b><font style="FONT-FAMILY: 'TIMES NEW ROMAN'">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></p>
                </td>

                <td valign="top">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><b><font style="FONT-SIZE: 10pt">What shares can I vote?</font></b></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">Each share of the Company&rsquo;s common stock issued and outstanding as of the close of business on October 20, 2009 (the &ldquo;Record Date&rdquo;), is entitled to be voted on all items being voted on at the meeting. You may vote all shares you own as of the Record Date, including (1) shares held directly in your name as the shareholder of
            record, and (2) shares for which you are the beneficial owner through a broker, trustee or nominee such as a bank. On the Record Date, we had 8,010,919 shares of common stock issued and outstanding.</p>
        </blockquote>

        <p></p>

        <p></p>

        <table>
            <tr>
                <td>
                </td>

                <td valign="top" width="30">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt"><b><font style="FONT-FAMILY: 'TIMES NEW ROMAN'">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></p>
                </td>

                <td valign="top" width="284">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="justify"><b><font style="FONT-SIZE: 10pt">How can I vote my shares in person at the meeting?</font></b></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">Shares held in your name as the shareholder of record may be voted in person at the meeting. Shares held beneficially in &ldquo;street name&rdquo; may be voted in person at the meeting only if you obtain a legal proxy from the broker, trustee or nominee that holds your shares giving you the right to vote the shares. <i>Even if you plan to
            attend the annual meeting, we recommend that you also submit your proxy or voting instructions as described below so that your vote will be counted if you later decide not to attend the meeting.</i></p>
        </blockquote>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr width="100%" color="#000000" size="2">
        </div>

        <p dir="ltr" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">&nbsp;</p>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><font style="FONT-SIZE: 10pt">12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; How can I vote my shares without attending the meeting?</font></b></p>

        <p></p>

        <p></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">Whether you hold shares directly as the shareholder of record or beneficially in &ldquo;street name,&rdquo; you may direct how your shares are voted without attending the meeting. If you are a shareholder of record, you may vote by submitting a proxy as described below. If you hold shares beneficially in &ldquo;street name,&rdquo; you may
            vote by submitting voting instructions to your broker, trustee or nominee. For directions on how to vote, please refer to the instructions below and those included on your proxy card, or the voting instruction card provided by your broker, trustee or nominee, as applicable.</p>
        </blockquote>

        <p></p>

        <p></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>By Mail</b> &ndash; Shareholders of record may submit proxies by completing, signing and dating their proxy cards and mailing them in the accompanying pre-addressed envelopes. Beneficial holders may vote by mail by completing, signing and dating the voting instruction cards provided by their brokers, trustees or nominees and mailing them
            in the accompanying pre-addressed envelopes.</p>

            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>By Internet</b> &ndash; Shareholders of record with Internet access may submit proxies by following the &ldquo;Vote by Internet&rdquo; instructions on their proxy cards. Most shareholders who hold shares beneficially in &ldquo;street name&rdquo; may vote by accessing the website specified on the voting instruction cards provided by their
            brokers, trustees or nominees. Please check the voting instruction card for Internet voting availability.</p>

            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>By Telephone</b> &ndash; Shareholders of record who live in the United States may submit proxies by following the &ldquo;Vote by Telephone&rdquo; instructions on their proxy cards. Most shareholders who hold shares beneficially in &ldquo;street name&rdquo; and live in the United States may vote by telephone by calling the number specified
            on the voting instruction cards provided by their brokers, trustees or nominees. Please check the voting instruction card for telephone voting availability.</p>
        </blockquote>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><font style="FONT-SIZE: 10pt">13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; What is the deadline for voting my shares?</font></b>&nbsp;</p>

        <p></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">If you hold the shares as the shareholder of record, your proxy must be received before the polls close at the meeting. If you hold shares beneficially in &ldquo;street name&rdquo; with a broker, trustee or nominee, please follow the voting instructions provided by your broker, trustee or nominee.</p>
        </blockquote>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr width="100%" color="#000000" size="2">
        </div>

        <p dir="ltr" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; May I change my vote?</b></p>

        <p></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">You may change your vote at any time prior to the vote at the meeting. If you are a shareholder of record, you may change your vote in one of three ways: (1) by granting a new proxy bearing a later date (which automatically revokes the earlier proxy), (2) by providing a written notice of revocation to the Corporate Secretary at the
            Company&rsquo;s corporate office address prior to your shares being voted, or (3) by attending the meeting and voting in person. Attendance at the meeting will not cause your previously granted proxy to be revoked unless you specifically make that request. For shares you hold beneficially in &ldquo;street name,&rdquo; you may change your vote by submitting new voting instructions to your broker, trustee or nominee or, if you have obtained a legal proxy from your broker, trustee or
            nominee giving you the right to vote your shares, by attending the meeting and voting in person.</p>
        </blockquote>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><font style="FONT-SIZE: 10pt">15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Is my vote confidential?</font></b>&nbsp;</p>

        <p></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">Proxy instructions, ballots and voting tabulations that identify individual shareholders are handled in a manner that protects voting privacy. Your vote will not be disclosed either within the Company or to third parties, except: (1) as necessary to meet applicable legal requirements, (2) to allow for the tabulation of votes and
            certification of the vote, and (3) to facilitate a successful proxy solicitation.</p>
        </blockquote>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><font style="FONT-SIZE: 10pt">16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;How are votes counted and what is the voting requirement to approve each of the proposals?</font></b></p>

        <p></p>

        <p></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">A majority of the outstanding shares entitled to vote at the meeting, represented in person or by proxy, constitutes a quorum at the meeting. If a quorum is not present, in person or by proxy, the meeting may be postponed or adjourned from time to time until a quorum is obtained. Each outstanding share of our common stock is entitled to one
            vote on each matter submitted to a vote at the meeting.</p>

            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">In the election of directors, you may vote &ldquo;FOR&rdquo; all or some of the nominees or your vote may be &ldquo;WITHHELD&rdquo; with respect to one or more of the nominees. You may not cumulate your votes. Thus, a shareholder is not entitled to cumulate his votes and cast them all for any single nominee or to spread his votes, so
            cumulated, among more than one nominee. The election of each nominee as a director&nbsp;requires <a name="OLE_LINK4"></a><a name="OLE_LINK5">the affirmative vote of the holders of a majority of the outstanding&nbsp;shares entitled to vote on the election of directors and represented in person or by proxy at the meeting</a>.&nbsp;</p>

            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">For each other item of business, you may vote &ldquo;FOR,&rdquo; &ldquo;AGAINST&rdquo; or &ldquo;ABSTAIN.&rdquo; The affirmative vote of the holders of a majority of the outstanding&nbsp;shares entitled to vote and represented in person or by proxy at the meeting will decide each question brought before the meeting.Therefore, if you
            &ldquo;ABSTAIN,&rdquo; the abstention has the same effect as a vote &ldquo;AGAINST.&rdquo; For this purpose, shares held by a broker, trustee or nominee who does not have discretionary authority to vote on a particular matter and who has not received voting instructions from the customer will not be deemed to be present or represented for the purpose of determining whether shareholders have approved that matter, but are counted as present for the purpose of determining the existence
            of a quorum. If a proxy states how the shares are to be voted in the absence of instructions by the shareholder, such shares will be deemed to be represented at the meeting.</p>
        </blockquote>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr width="100%" color="#000000" size="2">
        </div>

        <p dir="ltr" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b><font style="FONT-SIZE: 10pt">17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; What happens if additional matters are presented at the meeting?</font></b>&nbsp;</p>

        <p></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">Other than the two items of business specifically described in this proxy statement, we are not aware of any other matter to be acted upon at the meeting. If you grant a proxy, the persons named as proxy holders will have the discretion to vote your shares on any additional matters properly presented for a vote at the meeting. If for any
            reason one or more of our director nominees becomes unable to serve or for good cause will not serve, the persons named as proxy holders may vote your proxy for such other candidate or candidates as may be nominated.</p>
        </blockquote>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><font style="FONT-SIZE: 10pt">18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Who will serve as inspector of elections?</font></b></p>

        <p></p>

        <p></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">The inspector of elections will be a representative from Broadridge Financial Solutions, Inc.</p>
        </blockquote>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><font style="FONT-SIZE: 10pt">19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Who will bear the cost of soliciting votes for the meeting? </font></b></p>

        <p></p>

        <p></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">The Company is making this solicitation and will pay the entire cost of preparing, assembling, printing, mailing and distributing these proxy materials and soliciting votes. If you choose to access the proxy materials and/or vote over the Internet, you are responsible for Internet charges you may incur. If you choose to vote by telephone,
            you are responsible for telephone charges you may incur. In addition to the mailing of these proxy materials, the solicitation of proxies or votes may be made in person, by telephone or by electronic communication by our directors, officers and employees, who will not receive any additional compensation for such solicitation activities other than reimbursement of reasonable out-of-pocket expenses directly related to such solicitation. Arrangements may also be made with brokerage
            houses and other custodians, nominees and fiduciaries for the forwarding of solicitation materials to the beneficial owners of stock held of record by such persons, and the Company may reimburse them for reasonable out-of-pocket expenses of such solicitation.</p>
        </blockquote>

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        </div>

        <p dir="ltr" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b><font style="FONT-SIZE: 10pt">20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Where can I find voting results from the annual meeting? </font></b></p>

        <p></p>

        <p></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">We intend to publish the final voting results from the annual meeting in our Quarterly Report on Form 10-Q for the second quarter of fiscal 2010.</p>
        </blockquote>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><u><font style="FONT-SIZE: 10pt">Stock Ownership Information </font></u></b></p>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><font style="FONT-SIZE: 10pt">21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; What is the difference between holding shares as a shareholder of record and as a beneficial owner?</font></b>&nbsp;<font style="FONT-SIZE: 10pt">&nbsp; </font></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">Company shareholders may hold their shares directly in their own names or in &ldquo;street name&rdquo; through a broker or other nominee. As summarized below, there are several distinctions between shares held of record and those owned beneficially.</p>
        </blockquote>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><font style="FONT-SIZE: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shareholder of Record</font></b>&nbsp;</p>

        <p></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">If your shares are registered directly in your name with the Company&rsquo;s transfer agent, Securities Transfer Corporation, you are the shareholder of record of such shares. As the shareholder of record, you have the right to vote in person at the meeting or to grant your proxy directly to the Company or to a third party. There is a proxy
            card enclosed with these materials for your use.</p>
        </blockquote>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</font><b><font style="FONT-SIZE: 10pt">Beneficial Owner</font></b>&nbsp;</p>

        <p></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">If your shares are held in a brokerage account or by another nominee, you are considered the beneficial owner of shares held in &ldquo;street name,&rdquo; and these proxy materials are being forwarded to you together with a voting instruction card on behalf of your broker, trustee or nominee. As the beneficial owner, you have the right to
            direct your broker, trustee or nominee how to vote your shares. You are also invited to attend the meeting. Your broker, trustee or nominee has enclosed or provided a voting instruction card for you to use in directing the broker, trustee or nominee how to vote your shares. Since a beneficial owner is not a shareholder of record, you may not vote these shares in person at the meeting unless you obtain a proxy from the broker, trustee or nominee holding your shares giving you the
            right to vote the shares.</p>
        </blockquote>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
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        </div>

        <p dir="ltr" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b><font style="FONT-SIZE: 10pt">22.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; What happens if I have questions for the Company&rsquo;s transfer agent?</font></b></p>

        <p></p>

        <p></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">You may contact the Company&rsquo;s transfer agent at the telephone number or address listed below with questions concerning stock certificates, transfer of ownership or other matters pertaining to your stock account.</p>
        </blockquote>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in" align="center"><font style="FONT-SIZE: 10pt">Securities Transfer Corporation<br>
        2591 Dallas Parkway, Suite 102<br>
        Frisco, TX 75034<br>
        (469) 633-0101</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><u><font style="FONT-SIZE: 10pt">Annual Meeting Information</font></u></b></p>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><font style="FONT-SIZE: 10pt">23.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; How can I attend the meeting?</font></b>&nbsp;</p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">You are entitled to attend the annual meeting if you were a Company shareholder as of the close of business on the Record Date or hold a valid proxy for the annual meeting. You should be prepared to offer proof of identification for admittance. If you are a shareholder of record or hold your shares through the Pizza Inn, Inc. 401(k) Plan,
            your ownership as of the Record Date may be verified prior to you being admitted to the meeting. If you are not a shareholder of record but hold your shares through a broker, trustee or nominee (i.e., in &ldquo;street name&rdquo;), you should provide proof of beneficial ownership as of the Record Date, such as your most recent account statement prior to October 20, 2009, a copy of the voting instruction card provided by your broker, trustee or nominee, or similar evidence of
            ownership. The Company may refuse admission to the annual meeting to anyone who does not provide proper identification upon request.</p>
        </blockquote>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><font style="FONT-SIZE: 10pt">24.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; How many shares must be present?</font></b></p>

        <p></p>

        <p></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">A majority of the issued and outstanding shares entitled to vote at the meeting must be represented in person or by proxy to satisfy the quorum requirements for holding the meeting and transacting business. Proxies submitted by brokers who do not vote (&ldquo;broker non-votes&rdquo;) because they do not have discretionary authority to vote
            on a particular matter and have not received voting instructions from their customers are counted as present for the purpose of determining the existence of a quorum, but not for any other purpose.</p>
        </blockquote>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><u><font style="FONT-SIZE: 10pt">Shareholder Proposals, Director Nominations and Related Bylaw Provisions</font></u></b></p>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><font style="FONT-SIZE: 10pt">25.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; What is the deadline to propose actions for consideration at next year&rsquo;s annual meeting of shareholders?</font></b>&nbsp;</p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">If a shareholder wishes to submit a proposal for inclusion in the Company&rsquo;s proxy statement and form of proxy for the Company&rsquo;s 2010 annual meeting, the proposal must be received in proper form at the Company&rsquo;s principal executive offices on or before July 11, 2010 in order to have the proposal included in the proxy
            materials of the Company for such meeting.<a name="e.2"></a> If a shareholder wishes to submit a proposal at the 2010 Annual Meeting of Shareholders outside the processes of Rule 14a-8 of the Exchange Act, the shareholder must notify the Company in writing of such proposal on or before September 24, 2010 in order to have that proposal considered at such meeting.</p>

            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">To be in proper form, a shareholder&rsquo;s notice must include information concerning the proposal or nominee. A shareholder who wishes to submit a proposal or nomination is encouraged to seek independent counsel with regard to the SEC requirements. The Company may exclude any proposal or nomination that does not meet the SEC&rsquo;s
            requirements for submitting a proposal or nomination, and reserves the right to reject, rule out of order, or take other appropriate action with respect to any proposal that does not comply with these and other applicable requirements.</p>

            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"></p>

            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">Notices of intention to submit proposals for or at the Company&rsquo;s 2010 Annual Meeting of Shareholders should be addressed to:</p>
        </blockquote>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">Corporate Secretary </font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">Pizza Inn, Inc.<br>
        3551 Plano Parkway<br>
        The Colony, TX 75056<br>
        Fax (469) 384-5061</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">E-mail: </font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><font style="FONT-SIZE: 10pt">26.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;How may I nominate or recommend individuals to serve as directors?</font></b></p>

        <p></p>

        <p></p>

        <blockquote dir="ltr" style="MARGIN-RIGHT: 0px">
            <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">You may propose director candidates for consideration by the Board&rsquo;s Nominating and Governance Committee. Any such recommendations should include the nominee&rsquo;s name and qualifications for Board membership and should be directed to the Corporate Secretary at the address of our principal executive offices set forth above. To
            nominate a director, follow the instructions set forth above in the answer to question number 25, plus submit a statement by the nominee acknowledging that he or she is willing to serve and, if elected, will owe a fiduciary obligation to the Company and its shareholders.</p>
        </blockquote>

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            <hr width="100%" color="#000000" size="2">
        </div>

        <p dir="ltr" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">&nbsp;</p>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px; BORDER-BOTTOM: 2pt double" align="justify"><font style="FONT-SIZE: 11pt"><a name="OLE_LINK6"></a><a name="OLE_LINK7"></a></font>&nbsp;</p>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 10pt">PROPOSALS TO BE VOTED ON&nbsp; <br>
        <br>
        PROPOSAL ONE:</font></b></p>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 10pt">ELECTION OF DIRECTORS</font></b></p>

        <p></p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">The Company&rsquo;s Restated Articles of Incorporation and Amended and Restated Bylaws provide that each director serves a one-year term, with all directors subject to annual election. The Board has nominated seven incumbent directors for election at the meeting. If elected, each director nominee will hold office until the next annual meeting,
        or until his successor has been elected and qualified. Each nominee has expressed his intention to serve the entire term for which election is sought. The Board believes that all the nominees will be available to serve as directors. If any director nominee becomes unable to serve or for good cause will not serve, the Board may recommend a substitute nominee or leave a vacancy and fill the vacancy later. The shares represented by all valid proxies may be voted for the election of a
        substitute nominee if one is nominated.</p>

        <p></p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>The Board of Directors recommends a vote &ldquo;FOR&rdquo; each of the nominee directors.</b></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">The following is biographical information for the nominee directors.</p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>Mark E. Schwarz</b>, 49, is the Chairman, Chief Executive Officer and Portfolio Manager of Newcastle Capital Management, L.P., a private investment management firm he founded in 1993. Newcastle Capital Management, L.P. is the general partner of Newcastle Partners, L.P., which is the largest shareholder of the Company. (See,
        <a name="OLE_LINK3">&ldquo;</a><i>Security Ownership of Ce</i><i>r</i><i>tain Beneficial Owners, Directors and Executive Officers</i><i>.</i><i>&rdquo;</i>) Mr. Schwarz became a director of the Company in 2002 and was named Chairman of the Board in 2004. Mr. Schwarz is also Chairman of the Board of Hallmark Financial Services, Inc., Bell Industries, Inc. and Wilhelmina International, Inc., and a director of SL Industries, Inc.</p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>Clinton J. Coleman</b>, 32, is Vice President of Newcastle Capital Management, L.P., a private investment firm that is the general partner of Newcastle Partners, L.P., which is the largest shareholder of the Company. (See,<i>&ldquo;Security Ownership of Ce</i><i>r</i><i>tain Beneficial Owners, Directors and Executive
        Officers</i><i>.</i><i>&rdquo;</i>) Since 2007, Mr. Coleman has also served as the Interim Chief Executive Officer of Bell Industries, Inc., a company primarily providing computer systems integration services.&nbsp; Mr.&nbsp;Coleman served as Interim Chief Financial Officer of Pizza Inn, Inc. between July 2006 and January 2007.&nbsp; Prior to joining Newcastle, Mr.&nbsp;Coleman served as a portfolio analyst with Lockhart Capital Management, L.P., an investment partnership, from 2003 to
        2005. From 2002 to 2003, he served as an associate with Hunt Investment Group, L.P., a private investment group. Previously, Mr.&nbsp;Coleman was an associate director with the Mergers&nbsp;&amp; Acquisitions Group of UBS.&nbsp; In addition, Mr. Coleman presently serves as a director of Bell Industries, Inc. and F&amp;H Acquisition Corp., which owns and operates the Champps, Fox and Hound, and Bailey&rsquo;s restaurant concepts. Mr. Coleman became a director of the Company in 2007.</p>

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        </div>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><strong>William C. Hammett, Jr.,</strong> 63, is retired. He was the Chief Financial Officer and Executive Vice President of Pegasus Solutions, Inc., a global provider of reservations-related services and technology in the hospitality industry, from 2006 through 2008.Mr. Hammett was the Chief Financial Officer and Senior Vice President for Dave
        &amp; Buster&rsquo;s, Inc., an operator of restaurant/entertainment complexes, from 2001 though 2006. He also served on the Board of Directors for Carreker Corporation from 2006 to 2007. From 1997 to 2001, Mr. Hammett was self-employed in the restaurant industry. From 1992 to 1997, Mr. Hammett was the Chief Financial Officer/Senior Vice President Accounting &amp; Administration for La Quinta Inns, Inc., a national hotel chain. Previously, he was employed by the accounting firm of
        PriceWaterhouseCoopers.Mr. Hammett became a director of the Company in 2007.</p>

        <p></p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>Steven M. Johnson</b>, 50, is Chief Executive Officer of F&amp;H Acquisition Corp., which owns and operates the Champps, Fox &amp; Hound, and Bailey&rsquo;s restaurant concepts.&nbsp; From 1999 to 2006, Mr. Johnson served as Chief Executive Officer of Fox &amp; Hound Restaurant Group. From 1992 until 1998, Mr. Johnson was Chief Operating
        Officer for Coulter Enterprises, Inc., a Pizza Hut franchisee operating 100 Pizza Hut restaurants. From 1985 through 1991, he was Controller for Fugate Enterprises, Inc., a Pizza Hut, Taco Bell and Blockbuster Video franchisee. Previously, he was employed by the accounting firm of Ernst &amp; Young. Mr. Johnson is a certified public accountant. Mr. Johnson became a director of the Company in December, 2006.</p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>Robert B. Page</b>, 50, is Chief Operating Officer of Backyard Burgers, Inc., a premium burger and chicken sandwich restaurant chain. He is a former franchisee of Shoney&rsquo;s, Inc., a family dining restaurant chain. From 2000 until 2002, Mr. Page was Chief Operations Officer of Gordon Biersch Brewery Restaurant Inc., a group of casual
        dining restaurants. From 1993 through 2000, he worked for Romacorp, Inc., which owned the Tony Roma&rsquo;s chain of casual dining restaurants, where he was Chief Executive Officer and a board member from 1998 through 2000, and President and Chief Operations Officer from 1993 through 1998. Mr. Page became a director of the Company in February 2004, and served as the Company&rsquo;s Acting Chief Executive Officer from January through March, 2005.&nbsp;</p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>Ramon D. Phillips</b>, 76, is retired. He is the former Chairman of the Board, President, and Chief Executive Officer of Hallmark Financial Services, Inc., a property and casualty insurance holding company. He served as Chairman, President, and Chief Executive Officer of Hallmark from 1989 through 2000, and continued as Chairman through 2001.
        Prior to Hallmark, Mr. Phillips had twenty years experience in the franchise restaurant industry, serving as Controller for Kentucky Fried Chicken, Inc. (1969-1974) and as Executive Vice President and Chief Financial Officer for Pizza Inn, Inc. (1974-1989). He was a director of the Company from 1980 through 1989 and was again elected a director of the Company in 1990 and served through 2002. He served as an advisory director in 2002 and was re-elected as a director in February 2004.</p>

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        </div>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>James K. Zielke</b>, 45, is President and Chief Financial Officer of F&amp;H Acquisition Corp., which owns and operates the Champps, Fox &amp; Hound, and Bailey&rsquo;s restaurant concepts.&nbsp; From 1997 to 2006, Mr. Zielke served as Chief Financial Officer, Treasurer and Secretary of Fox &amp; Hound Restaurant Group.&nbsp; Prior to his
        employment with Fox &amp; Hound, Mr. Zielke served as Senior Director-Tax for PepsiCo Restaurant Services Group, Inc., which provided services to the Kentucky Fried Chicken, Pizza Hut and Taco Bell restaurant chains. From 1993 through 1997, Mr. Zielke was employed by Pizza Hut, Inc., most recently as Director-Tax from 1995 through 1997. Previously, he was employed by the accounting firm of Ernst &amp; Young. Mr. Zielke is a certified public accountant. Mr. Zielke became a director of
        the Company in December 2006.</p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">There are no family relationships among any of our directors or executive officers. Company stock ownership for director nominee is shown under the heading &ldquo;<i>Security Ownership of Certain Beneficial Owners, Directors and Executive Officers</i>&rdquo; and is based upon information furnished by the respective individuals.</p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 36px" align="justify"></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 10pt">PROPOSAL TWO:&nbsp; <br>
        <br>
        RATIFICATION OF SELECTION OF INDEPENDENT ACCOUNTANTS</font></b></p>

        <p></p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">The Audit Committee has selected Montgomery, Coscia and Greilich , LLP, independent registered public accounting firm, as the independent auditors of the Company for fiscal year 2010. As a matter of good corporate governance, the Audit Committee has determined to submit its selection to shareholders for ratification. Shareholder ratification of
        the appointment is not required by our bylaws or by any other applicable law. In the event that this selection of auditors is not ratified by a majority of the shares of Common Stock present or represented by proxy at the annual meeting, the Audit Committee will reconsider whether or not to retain Montgomery, Coscia and Greilich, LLP. Even if the selection is ratified, the Audit Committee in its discretion may select a different registered public accounting firm at any time during the
        year if it determines that such a change would be in the best interests of the Company and our shareholders.&nbsp;<br>
        <br>
        A representative of Montgomery, Coscia and Greilich, LLP is expected to be present at the annual meeting, to be available to respond to appropriate questions and to have an opportunity to make a statement.</p>

        <p></p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>The Board of Directors recommends a vote &ldquo;FOR&rdquo; the ratification of the selection of Montgomery, Coscia and Greilich, LLP as the Company&rsquo;s independent registered public accounting firm for fiscal year 2010.</b></p>

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        </div>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif" align="center"><b><font style="FONT-SIZE: 10pt">CORPORATE GOVERNANCE PRINCIPLES AND BOARD MATTERS</font></b></p>

        <p></p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">The Company is committed to maintaining the highest standards of business conduct and corporate governance, which we believe are essential to running our business efficiently, serving our shareholders well and maintaining the Company&rsquo;s integrity in the marketplace. The Company has adopted a Code of Business Conduct that applies to all
        Company employees and directors and a Financial Code of Conduct for financial managers. These codes work in conjunction with the Company&rsquo;s Amended and Restated Articles of Incorporation, Amended and Restated Bylaws and various Board committee charters, and together form the framework for governance of the Company. These documents are available at the Company&rsquo;s website at . We will post on this website any amendments to the Code of Business Conduct or waivers of the Code of
        Business Conduct for directors or executive officers.&nbsp;<br>
        <br>
        The business of the Company is managed under the direction of the Board. Each director is expected to make reasonable efforts to attend board meetings, meetings of committees of which such director is a member and the annual meeting of shareholders. The Board intends to comply with the corporate governance requirements of The Nasdaq Stock Market (&ldquo;Nasdaq&rdquo;) and Securities and Exchange Commission (&ldquo;SEC&rdquo;) in order to assure that the Board will have the necessary
        practices in place to review and evaluate the Company&rsquo;s business operations as needed and to make decisions that are independent of the Company&rsquo;s management.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>Board Independence and Independence Standards</b></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">Each of the Company&rsquo;s current directors qualifies as &ldquo;independent&rdquo; in accordance with published Nasdaq listing requirements. An independent director must not have any relationship that would interfere with the exercise of independent judgment in carrying out the responsibilities of a director. The Board considers all relevant
        facts and circumstances in assessing each director&rsquo;s relationship with the Company. Independent directors meet at least twice annually apart from management representatives.</p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>Board Structure and Committee Composition</b></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">The Board has seven directors and four standing committees: (1) Executive Committee, (2) Audit Committee, (3) Compensation Committee, and (4) Nominating and Governance Committee. Current copies of the charters for the Audit Committee, Compensation Committee and Nominating and Governance Committee are available on the Company&rsquo;s website at .
        Below is a description of the functions performed by each committee. Each committee has authority to engage legal counsel or other experts or consultants as it deems appropriate to carry out its responsibilities. The Board has determined that each member of each committee meets the applicable laws and regulations regarding &ldquo;independence&rdquo; when applicable and that each member is free of any relationship that would interfere with his individual exercise of independent
        judgment.</p>

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        </div>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>Executive Committee</b>. The Executive Committee considers issues as directed by the Chairman of the Board. It also may exercise the authority of the Board between Board meetings, except to the extent that the Board has delegated authority to another committee or to other persons, and except as otherwise limited by Missouri law.</p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>Audit Committee</b>. The responsibilities of the Audit Committee include reviewing (a) the financial reports and other financial information provided by the Company to any governmental body or the public; (b) the Company&rsquo;s systems of internal controls regarding finance, accounting, legal compliance and ethics that management and the
        Board have established; (c) the Company&rsquo;s auditing, accounting and financial reporting processes generally; and (d) the terms of transactions between the Company and related parties. The Audit Committee also performs such other functions as the Board may from time to time assign to the committee. In performing its duties, the committee seeks to maintain an effective working relationship with the Board, the independent accountant and management of the Company. The specific duties
        and functions of the Audit Committee are set forth in the Audit Committee Charter. The Charter is reviewed annually and updated as necessary to reflect changes in regulatory requirements, authoritative guidelines, and evolving practices.<br>
        &nbsp;<br>
        The report of the Audit Committee is included in this proxy statement.</p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>Compensation Committee</b>. The primary responsibilities of the Compensation Committee are to (a) review and recommend to the Board the compensation of the Chief Executive Officer and other officers of the Company, (b) review executive bonus plan allocations, (c) oversee and advise the Board on the adoption of policies that govern the
        Company&rsquo;s compensation programs, (d) oversee the Company&rsquo;s administration of its equity-based compensation and other benefit plans, and (e) approve grants of stock options to officers and employees of the Company under its stock plans. The Board determines whether the Compensation Committee will make determinations as a committee or will make recommendations to the Board. In fiscal 2009, the Compensation Committee determined the compensation of the Company&rsquo;s executive
        officers and delegated compensation determinations for other employees to Charles R. Morrison, the Company&rsquo;s President and CEO. It is the Company&rsquo;s practice to have the CEO make recommendations to the Compensation Committee with regard to compensation for its other executive officers. The specific duties and functions of the Compensation Committee are set forth in its charter. This charter is reviewed annually and updated as necessary to reflect changes in regulatory
        requirements, authoritative guidelines and evolving practices.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>Nominating and Governance Committee</b>. The primary responsibilities of the Nominating and Governance Committee are to (a) recommend the slate of director nominees for election to the Board, (b) identify and recommend candidates to fill vacancies occurring between annual shareholder meetings, and (c) review, evaluate and recommend changes to
        the Company&rsquo;s corporate governance practices. The Nominating and Governance Committee&rsquo;s role includes periodic review of the compensation paid to non-employee directors for annual retainers and meeting fees and making recommendations to the Board for any adjustments. The specific responsibilities and functions of the Nominating and Governance Committee are set forth in its charter.</p>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr width="100%" color="#000000" size="2">
        </div>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>Review and Evaluation of Director Qualifications</b></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">From time to time the Nominating and Governance Committee reviews the Board to assess the skills and characteristics required of Board members in the context of the current composition of the Board. This assessment includes issues of diversity in numerous factors; understanding of and achievements in the restaurant industry; board service;
        business, finance, and marketing expertise; and community involvement. These factors, and any other qualifications considered useful by the Nominating and Governance Committee, are reviewed in the context of an assessment of the perceived needs of the Board at a particular point. As a result, the priorities and emphasis of the Nominating and Governance Committee and of the Board may change from time to time to take into account changes in business and other trends, and the portfolio of
        skills and experience of current and prospective Board members. Therefore, while focused on the achievement and the ability of potential candidates to make a positive contribution with respect to such factors, the Nominating and Governance Committee has not established specific minimum criteria or qualifications that a nominee must possess.</p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>Identifying and Evaluating Candidates for Directors</b></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">Consideration of new Board nominee candidates typically involves a series of internal discussions, review of information concerning candidates and interviews with selected candidates. In the event that vacancies are anticipated or otherwise arise, the Nominating and Governance Committee considers various potential candidates for director. In
        general, candidates for nomination to the Board are suggested by Board members or by employees, and may come from professional search firms or shareholders. In 2009, the Company did not employ a search firm or pay fees to third parties in connection with seeking or evaluating Board nominee candidates.&nbsp;&nbsp;&nbsp;&nbsp;</p>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr width="100%" color="#000000" size="2">
        </div>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>Shareholder Recommendations and Nominations&nbsp;</b></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">The policy of the Nominating and Governance Committee is to consider properly submitted shareholder recommendations of candidates for membership on the Board, as described above under &ldquo;<i>Review and Evaluation of Director Qualifications</i>.&rdquo; Any shareholder recommendations proposed for consideration by the Nominating and Governance
        Committee should include the candidate&rsquo;s name and qualifications for Board membership and should be addressed to:&nbsp;</p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">Corporate Secretary<br>
        Pizza Inn, Inc.<br>
        3551 Plano Parkway<br>
        The Colony, TX 75056<br>
        Fax: (469) 384-5061<br>
        E-mail: </font></p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">Shareholders may nominate directors for consideration at an annual shareholders meeting and solicit proxies in favor of such nominees. The Nominating and Governance Committee evaluates candidates proposed by shareholders using the same criteria as for other candidates. For a description of the process for nominating directors in accordance with
        the Company&rsquo;s Bylaws, see &ldquo;<i>Questions and Answers &ndash; Shareholder Proposals, Director Nominations and Related Bylaw Provisions &ndash;</i> <i>26.</i> <i>How may I recommend or nominate individuals to serve as directors?</i>&rdquo; The Company has not received any shareholder director nominations for the 2009 annual meeting.</p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>Board and Committee Meetings</b></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">The Board met five times during the last fiscal year. The Company encourages all directors to attend each annual meeting of the shareholders, but has no formal policy requiring attendance. All current directors attended the prior year&rsquo;s annual shareholders meeting and 75% or more of the Board meetings and meetings of the committees on
        which they served. Below is a table that provides current membership and fiscal year 2009 meeting information for each of the Board committees:</p>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr width="100%" color="#000000" size="2">
        </div>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">&nbsp;</p>

        <table cellspacing="0" cellpadding="0" width="800" border="0">
            <tr>
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="244">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><b><font style="FONT-SIZE: 8pt">Name&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="71">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 8pt">Executive</font></b></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="77">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 8pt">Audit</font></b></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="88">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><b><font style="FONT-SIZE: 8pt">Compensation&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="88">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><b><font style="FONT-SIZE: 9pt">Nominating &amp; Governance&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></p>
                </td>
            </tr>

            <tr style="HEIGHT: 31pt">
                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="244">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.2in" align="justify"><font style="FONT-SIZE: 8pt">Mark E. Schwarz<br>
                    <br>
                    </font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="71">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">X*</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="77">&nbsp;</td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="88">&nbsp;</td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="88">&nbsp;</td>
            </tr>

            <tr height="43">
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="244">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.2in" align="justify"><font style="FONT-SIZE: 8pt">Clinton J. Coleman</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="71">&nbsp;</td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="77">&nbsp;</td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="88">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">X*</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="88">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">&nbsp; X*</font></p>
                </td>
            </tr>

            <tr>
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="244">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.2in" align="justify"><font style="FONT-SIZE: 8pt">William C. Hammett, Jr.<br>
                    <br>
                    </font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="71">&nbsp;</td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="77">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">X</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="88">&nbsp;</td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="88">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">X</font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 13.5pt">
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="244">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.2in" align="justify"><font style="FONT-SIZE: 8pt">Steven M.</font> <font style="FONT-SIZE: 8pt">Johnson<br>
                    <br>
                    </font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="71">&nbsp;</td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="77">&nbsp;</td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="88">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">X</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="88">&nbsp;</td>
            </tr>

            <tr>
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="244">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.2in" align="justify"><font style="FONT-SIZE: 8pt">Robert B. Page<br>
                    <br>
                    </font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="71">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">X</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="77">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt"><a name="OLE_LINK1"></a><a name="OLE_LINK2">X</a></font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="88">&nbsp;</td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="88">&nbsp;</td>
            </tr>

            <tr>
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="244">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.2in" align="justify"><font style="FONT-SIZE: 8pt">Ramon D. Phillips<br>
                    <br>
                    </font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="71">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">X</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="77">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">&nbsp; X*</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="88">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">X</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="88">&nbsp;</td>
            </tr>

            <tr style="HEIGHT: 31.1pt">
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="244">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.2in" align="justify"><font style="FONT-SIZE: 8pt">James K.</font> <font style="FONT-SIZE: 8pt">Zielke<br>
                    <br>
                    </font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="71">&nbsp;</td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="77">&nbsp;</td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="88">&nbsp;</td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="88">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">X</font></p>
                </td>
            </tr>

            <tr>
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="244">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><font style="FONT-SIZE: 8pt">Number of Meetings in Fiscal 200</font></b><b><font style="FONT-SIZE: 8pt">9</font></b></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="71">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">0</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="77">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">7</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="88">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">4</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="88">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 11pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">0</font></p>
                </td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 9pt">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Committee Chairman</font></p>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><font style="FONT-SIZE: 10pt">Communications from Shareholders to the Board</font></b></p>

        <p></p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">The Board recommends that shareholders initiate any communications with the Board in writing in care of:&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">Corporate Secretary<br>
        Pizza Inn, Inc.<br>
        3551 Plano Parkway<br>
        The Colony, TX 75056<br>
        Fax: (469) 384-5061</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">E-mail: </font></p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">This centralized process assists the Board in reviewing and responding appropriately to shareholder communications. The names of specific intended Board members should be noted in the communication. The Board has instructed the Corporate Secretary to forward such correspondence only to the intended recipients. However, the Board has also
        instructed the Corporate Secretary to review such correspondence prior to forwarding and in his discretion not to forward certain items if they are deemed of a commercial or frivolous nature or otherwise inappropriate for the Board&rsquo;s consideration. In such cases, the correspondence may be forwarded elsewhere in the Company for review and possible response.&nbsp;&nbsp;</p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>Director Compensation</b>&nbsp;</p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">The Chairman of the Board receives an annual retainer of $23,000 and the other non-employee directors receive an annual retainer of $17,000. Each non-employee director additionally receives a fee of $1,000 for each Board meeting attended and a fee of $250 for each Committee meeting attended. Directors are also reimbursed for their reasonable
        expenses in connection with attending Board and committee meetings.&nbsp;&nbsp;</p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">In addition to an annual retainer and meeting fees, each non-employee director is eligible to receive stock option awards under the 2005 Non-Employee Directors Stock Option Award Plan (the &ldquo;2005 Directors Plan&rdquo;). Under the 2005 Directors Plan, eligible directors are entitled to receive, as of the first day of the Company&rsquo;s
        fiscal year, options for Common Stock equal to twice the number of shares of Common Stock purchased during the preceding fiscal year or purchased by exercise of previously granted options during the first ten days of the current fiscal year. Stock options granted under the 2005 Directors Plan have an exercise price equal to the market price of the Common Stock on the date of grant, are first exercisable one year after grant and expire to the extent unexercised after ten years. Each
        eligible director is entitled to options for no more than 40,000 shares per fiscal year under the terms of the 2005 Directors Plan.</p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">The following table summarizes compensation earned by each of our non-employee directors who served in such capacity during fiscal 2009.</p>

        <p></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="800" border="0">
            <tr>
                <td style="PADDING-RIGHT: 0.03in; BORDER-TOP: black 0.5pt solid; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="28%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><a name="OLE_LINK14"><font style="FONT-SIZE: 9pt">Name</font></a></b></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; BORDER-TOP: black 0.5pt solid; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="25%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 9pt">Fees Earned</font></b><br>
                    <b><font style="FONT-SIZE: 9pt">($)</font></b></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; BORDER-TOP: black 0.5pt solid; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="20%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 9pt">Option<br>
                    Awards<br>
                    ($) (1)</font></b></p>
                </td>

                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.03in; BORDER-TOP: black 0.5pt solid; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="24%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 9pt">Total<br>
                    ($)</font></b></p>
                </td>
            </tr>

            <tr style="HEIGHT: 30pt">
                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.03in; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="middle" width="28%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 9pt">Mark E. Schwarz</font> <font style="FONT-SIZE: 9pt">(2)</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in" valign="middle" width="25%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt; FONT-FAMILY: 'TIMES NEW ROMAN'">$28,000</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="middle" width="20%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">$40,255</font></p>
                </td>

                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.03in; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="middle" width="24%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt; FONT-FAMILY: 'TIMES NEW ROMAN'">$68,255</font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 27.3pt">
                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.03in; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="middle" width="28%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 9pt">Clinton</font> <font style="FONT-SIZE: 9pt">J.</font> <font style="FONT-SIZE: 9pt">Coleman</font> <font style="FONT-SIZE: 9pt">(2)</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in" valign="middle" width="25%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">$24,421</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="middle" width="20%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">$40,255</font></p>
                </td>

                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.03in; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="middle" width="24%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">$64,676</font><br>
                    &nbsp;</p>
                </td>
            </tr>

            <tr style="HEIGHT: 27pt">
                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.03in; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="middle" width="28%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 9pt">William C. Hammett, Jr.</font> <font style="FONT-SIZE: 9pt">(2)</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in" valign="middle" width="25%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">$23,750</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="middle" width="20%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">$10,063</font></p>
                </td>

                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.03in; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="middle" width="24%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">$33,813</font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 22.1pt">
                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.03in; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="middle" width="28%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 9pt">Steven M.</font> <font style="FONT-SIZE: 9pt">Johnson</font> <font style="FONT-SIZE: 9pt">(2)</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in" valign="middle" width="25%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">$22,000</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="middle" width="20%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">$20,127</font></p>
                </td>

                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.03in; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="middle" width="24%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">$42,127</font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 22.5pt">
                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.03in; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="middle" width="28%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 9pt">Robert B. Page</font> <font style="FONT-SIZE: 9pt">(2)</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in" valign="middle" width="25%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">$22,750</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="middle" width="20%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">--</font></p>
                </td>

                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.03in; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="middle" width="24%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">$22,750</font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 27pt">
                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.03in; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="middle" width="28%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 9pt">Ramon D. Phillips</font> <font style="FONT-SIZE: 9pt">(2)</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in" valign="middle" width="25%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">$24,750</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="middle" width="20%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">--</font></p>
                </td>

                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.03in; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="middle" width="24%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">$24,750</font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 26.1pt">
                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.03in; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="middle" width="28%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 9pt">James K.</font> <font style="FONT-SIZE: 9pt">Zielke</font> <font style="FONT-SIZE: 9pt">(2)</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="middle" width="25%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">$21,000</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="middle" width="20%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">$20,127</font></p>
                </td>

                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.03in; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="middle" width="24%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">$41,127</font></p>
                </td>
            </tr>
        </table>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="100%" border="0">
            <tr valign="bottom">
                <td align="right" width="1%"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td valign="top" align="right" width="1%"><font face="Times New Roman, Times, serif" size="1">(1)</font></td>

                <td align="left" width="2%">
                </td>

                <td align="left" width="94%"><font face="Times New Roman, Times, serif" size="1">Reflects dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with FAS 123R. Assumptions used in calculating this amount are included in Note H to the Company&rsquo;s Annual Report on Form 10-K for the fiscal year ended June 28, 2009.</font></td>

                <td align="left" width="1%"><font face="Times New Roman, Times, serif" size="1">&nbsp;</font></td>

                <td align="left" width="1%"><font face="Times New Roman, Times, serif" size="1">&nbsp;</font></td>
            </tr>

            <tr>
                <td align="right">
                </td>

                <td valign="top" align="right">
                </td>

                <td align="left">
                </td>

                <td align="left"><font size="1">&nbsp; </font></td>

                <td align="left">
                </td>

                <td align="left">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="right"><font face="Times New Roman, Times, serif" size="1">&nbsp;</font></td>

                <td valign="top" align="right"><font face="Times New Roman, Times, serif" size="1">(2)</font></td>

                <td align="left">
                </td>

                <td align="left"><font face="Times New Roman, Times, serif" size="1">In fiscal 2009, the following stock options were granted under the 2005 Directors Plan: options to purchase 40,000 shares of common stock were granted to each of Mark Schwarz and Clinton Coleman; options to purchase 10,000 shares of common stock were granted to William C. Hammett, Jr.; and options to purchase 20,000 shares of common stock were granted to each of Steven M. Johnson and James K. Zielke. As of June
                28, 2009, Messrs. Page and Phillips held no unexercised stock options and Messrs. Schwarz, Coleman, Hammett, Johnson and Zielke held unexercised stock options for 70,000, 40,000, 10,000, 40,000 and 40,000 shares, respectively.</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
            </tr>
        </table>
        <br>
        <br>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr width="100%" color="#000000" size="2">
        </div>

        <p></p>
        <br>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 10pt">EXECUTIVE OFFICERS</font></b></p>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">The following table sets forth certain information regarding the Company&rsquo;s current executive officers:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>

        <p></p>

        <p></p>

        <table style="MARGIN-LEFT: 0.5in" cellspacing="0" cellpadding="0" width="800" border="0">
            <tr>
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="150">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 9pt">Name</font></b></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="72">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 9pt">Age</font></b></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="240">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 9pt">Position</font></b></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="96">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 9pt">Executive<br>
                    Officer<br>
                    Since</font></b></p>
                </td>
            </tr>

            <tr>
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="150">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 9pt">Charles R. Morrison</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="72">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">41</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="240">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 9pt">President and Chief Executive Officer<br>
                    </font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="96">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">January 2007</font></p>
                </td>
            </tr>

            <tr>
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="150">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 9pt">Nancy A. Ellefson</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="72">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">52</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="240">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 9pt">Vice President of Finance, Principal Accounting Officer and Secretary</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="96">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">June 2008</font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 18.4pt">
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="150">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 9pt">Robert Jason Daniel</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="72">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">39</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="240">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 9pt">Vice President of Operations</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="96">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">December 2007</font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 18.4pt">
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="150">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 9pt">Madison</font> <font style="FONT-SIZE: 9pt">A.</font> <font style="FONT-SIZE: 9pt">Jobe</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="72">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">54</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="240">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 9pt">Vice President of Development</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="96">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 9pt">February 2009<br>
                    </font></p>
                </td>
            </tr>
        </table>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>Charles R. Morrison</b> was appointed President and Chief Executive Officer in December 2007. He was appointed Chief Financial Officer in January 2007 and later appointed Interim President and Chief Executive Officer in August 2007. Prior to joining the Company, Mr. Morrison was with Metromedia Restaurant Group from 2004 through 2006, serving
        as President for Steak and Ale and The Tavern casual dining restaurants and also previously serving as Chief Financial Officer for Steak and Ale and Ponderosa Restaurants, which were each divisions of Metromedia. Prior to his tenure at Metromedia, he was Vice President of Finance for Kinko&rsquo;s, Inc., a document reproduction and services company.</p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>Nancy</b> <b>A.</b> <b>Ellefson</b> was appointed Vice President of Finance and Principal Accounting Officer in June 2008. &nbsp;From 2005 until joining Pizza Inn, Ms. Ellefson provided financial consulting services to the restaurant management and services companies of Preferred Restaurant Services and Apex Restaurant Group. From 2000 to
        2005, she was with Furr&rsquo;s Restaurant Group, Inc., owner of Furr&rsquo;s Family Dining restaurants, serving as Controller and Vice President of Finance. During 2004 and 2005, Ms. Ellefson was Controller for Toscorp, Inc., an owner of high-end Italian restaurants, and prior to that held controller and finance positions in various unrelated industries. Ms. Ellefson is a certified public accountant.</p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>Robert Jason Daniel</b> was appointed Director of Operations in October 2007 and appointed Vice President of Operations in December 2007. Prior to joining Pizza Inn, Mr. Daniel was Director of Operations for&nbsp;The Tavern casual dining restaurants with Metromedia Restaurant Group from 2001 to 2007.</p>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr width="100%" color="#000000" size="2">
        </div>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>Madison A. Jobe</b> was appointed Vice President of Development in February 2009. Prior to joining Pizza Inn, Mr. Jobe was Vice President of Franchise Development for Stockade Companies, LLC from May 2004 to February 2009. From 2001 to 2004 Mr. Jobe served as Vice President of Franchise Development for Ruby&rsquo;s Diner, Inc.</p>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 9pt">SUMMARY COMPENSATION TABLE</font></b></p>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">The following table summarizes the compensation earned during the fiscal years ending June 28, 2009,</font> <font style="FONT-SIZE: 10pt">and June 29, 2008,</font> <font style="FONT-SIZE: 10pt">by all current executive officers of the Company:</font></p>

        <p></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="800" border="0">
            <tr>
                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: black 0.5pt solid; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="bottom" width="149">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><b><font style="FONT-SIZE: 8pt">Name and Principal Position</font></b><b><font style="FONT-SIZE: 8pt">(s)</font></b></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: black 0.5pt solid; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid" valign="bottom" width="68">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 8pt">Fiscal </font></b><b><font style="FONT-SIZE: 8pt">Year</font></b></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: black 0.5pt solid; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid" valign="bottom" width="68">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 8pt">Salary<br>
                    ($)</font></b></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: black 0.5pt solid; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid" valign="bottom" width="68">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 8pt">Bonus<br>
                    ($)</font></b></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: black 0.5pt solid; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid" valign="bottom" width="68">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 8pt">Option Awards<br>
                    ($) (</font></b><b><font style="FONT-SIZE: 8pt">1</font></b><b><font style="FONT-SIZE: 8pt">)</font></b></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: black 0.5pt solid; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid" valign="top" width="88">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 8pt">All Other Compensation<br>
                    ($) (</font></b><b><font style="FONT-SIZE: 8pt">2</font></b><b><font style="FONT-SIZE: 8pt">)</font></b></p>
                </td>

                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: black 0.5pt solid; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1px solid" valign="bottom" width="68">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 8pt">Total ($)</font></b></p>
                </td>
            </tr>

            <tr>
                <td style="BORDER-RIGHT: black 0.8pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="149">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 8pt">Charles R. Morrison<br>
                    (President and CEO)</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.8pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="68">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">2009<br>
                    2008</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="68">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$275,000</font></p>

                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$263,149</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="68">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$8,594</font></p>

                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$84,938</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="68">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$37,410</font></p>

                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$10,330</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="88">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">--</font></p>

                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">--</font></p>
                </td>

                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="68">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$321,004</font></p>

                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$358,417</font></p>
                </td>
            </tr>

            <tr>
                <td style="BORDER-RIGHT: black 0.8pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="149">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 8pt">Nancy</font> <font style="FONT-SIZE: 8pt">A.</font> <font style="FONT-SIZE: 8pt">Ellefson<br>
                    (Vice President of Finance, Principal Accounting Officer and Secretary) </font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.8pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="68">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">2009<br>
                    2008</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="68">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$140,000</font></p>

                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$2,692</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="68">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$1,750<br>
                    --</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="68">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$1,619<br>
                    --</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="88">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$1,947<br>
                    --</font></p>
                </td>

                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="68">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$145,316<br>
                    $2,692</font></p>
                </td>
            </tr>

            <tr>
                <td style="BORDER-RIGHT: black 0.8pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="149">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 8pt">Robert Jason Daniel</font><br>
                    <font style="FONT-SIZE: 8pt">(Vice President</font> <font style="FONT-SIZE: 8pt">of Operations)</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.8pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="68">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">2009</font></p>

                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">2008</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="68">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$131,769</font></p>

                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$88,273</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="68">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$2,494</font></p>

                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$30,393</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="68">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$4,022</font></p>

                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$665</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="88">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">--</font></p>

                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">--</font></p>
                </td>

                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="68">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$138,285</font></p>

                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$119,331</font></p>
                </td>
            </tr>

            <tr>
                <td style="BORDER-RIGHT: black 0.8pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="149">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 8pt">Madison A. Jobe<br>
                    (Vice President</font> <font style="FONT-SIZE: 8pt">of Development) </font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.8pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="68">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">2009<br>
                    </font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="68">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$47,309<br>
                    </font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="68">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$21,258<br>
                    &nbsp; <br>
                    </font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="68">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$137<br>
                    &nbsp; <br>
                    </font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="88">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">--<br>
                    &nbsp; <br>
                    </font></p>
                </td>

                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="68">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$68,704</font></p>
                </td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.3in; TEXT-INDENT: -18px" align="left">&nbsp;</p>

        <p align="left"></p>

        <table cellspacing="0" cellpadding="0" width="100%" border="0">
            <tr valign="bottom">
                <td align="right" width="1%"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td valign="top" align="right" width="1%"><font face="Times New Roman, Times, serif" size="1">(1)</font></td>

                <td align="left" width="2%">
                </td>

                <td width="94%">
                    <p align="justify"><font face="Times New Roman, Times, serif" size="1">Reflects dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with FAS 123R. Assumptions used in calculating this amount are included in Note H to the Company&rsquo;s Annual Report on Form 10-K for the fiscal year ended June 28, 2009.</font></p>
                </td>

                <td align="left" width="1%"><font face="Times New Roman, Times, serif" size="1">&nbsp;</font></td>

                <td align="left" width="1%"><font face="Times New Roman, Times, serif" size="1">&nbsp;</font></td>
            </tr>

            <tr>
                <td align="right">
                </td>

                <td align="right">
                </td>

                <td align="left">
                </td>

                <td align="left"><font size="1">&nbsp;</font></td>

                <td align="left">
                </td>

                <td align="left">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="right"><font face="Times New Roman, Times, serif" size="1">&nbsp;</font></td>

                <td align="right"><font face="Times New Roman, Times, serif" size="1">(2)</font></td>

                <td align="left">
                </td>

                <td align="left"><font face="Times New Roman, Times, serif" size="1">Represents 401K employer match.</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
            </tr>
        </table>
        <br>
        <br>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 10pt">EMPLOYMENT AGREEMENTS</font></b></p>

        <p></p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">Charles R. Morrison entered into an employment letter with the Company on January 31, 2007, in connection with his appointment as Chief Financial Officer. Mr. Morrison&rsquo;s employment letter originally provided for an annual base salary of at least $250,000, a bonus of $40,000 due on June 24, 2007, and an annual bonus based on criteria
        established annually by the Compensation Committee. Upon his appointment as President and Chief Executive Officer in December 2007, Mr. Morrison&rsquo;s compensation structure was revised to provide a base salary of at least $275,000 annually and bonus potential of up to 50% of his base salary. In the event that Mr. Morrison is terminated other than for &ldquo;cause&rdquo; (as defined in his employment letter), he is entitled to severance benefits equal to three months of annual base
        salary and continuation of health benefits for three months.</p>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr width="100%" color="#000000" size="2">
        </div>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">There are no employment agreements with any other current executive officers. The other current executive officers are not covered under a general severance plan and any severance benefits payable to them would be determined by the Compensation Committee in its discretion.</p>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 10pt">OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END&nbsp; </font></b></p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">The following table sets forth information regarding outstanding equity awards at June 28, 2009 for all current executive officers of the Company.</p>

        <p></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="98%" border="0">
            <tr>
                <td style="BORDER-RIGHT: black 0.8pt solid; PADDING-RIGHT: 0.03in; BORDER-TOP: black 0.8pt solid; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.8pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="top" width="24%">&nbsp;</td>

                <td style="BORDER-RIGHT: black 0.8pt solid; PADDING-RIGHT: 0.03in; BORDER-TOP: black 0.8pt solid; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid" valign="top" width="75%" colspan="4">
                    <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 9pt">Option Awards</font></b></p>
                </td>
            </tr>

            <tr style="HEIGHT: 92.4pt">
                <td style="BORDER-RIGHT: black 0.8pt solid; PADDING-RIGHT: 0.03in; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.8pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid" valign="bottom" width="24%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><font style="FONT-SIZE: 8pt">Name</font></b></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.8pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid" valign="bottom" width="15%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; BORDER-LEFT: 0.8pt solid; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 8pt">Number</font></b></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; BORDER-LEFT: 0.8pt solid; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 8pt">O</font></b><b><font style="FONT-SIZE: 8pt">f</font></b> <b><font style="FONT-SIZE: 8pt">Securities Underlying Unexercised Options<br>
                    (#)</font></b></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 8pt">Exercisable</font></b> <b><font style="FONT-SIZE: 8pt">(1)</font></b></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid" valign="bottom" width="18%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 8pt">Number of Securities Underlying Unexercised Options<br>
                    (#)<br>
                    Unexercisable</font></b><b><font style="FONT-SIZE: 8pt"><a name="OLE_LINK8"></a> <a name="OLE_LINK9">(1)</a></font></b></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid" valign="bottom" width="18%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 8pt">Option Exercise Price<br>
                    ($)</font></b></p>
                </td>

                <td style="BORDER-RIGHT: black 0.8pt solid; PADDING-RIGHT: 0.03in; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND: #ffffff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid" valign="bottom" width="22%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 8pt">Option Expiration Date</font></b></p>
                </td>
            </tr>

            <tr bgcolor="#ccdbe3">
                <td style="BORDER-RIGHT: black 0.8pt solid; PADDING-RIGHT: 0.03in; BACKGROUND-POSITION: 0% 0%; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.8pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid; BACKGROUND-REPEAT: repeat" valign="top" width="24%">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 8pt">Charles R. Morrison </font></p>

                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 8pt">(President and CEO)</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; BACKGROUND-POSITION: 0% 0%; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.8pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid; BACKGROUND-REPEAT: repeat" valign="top" width="15%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">10,000</font></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">5,000<br>
                    --</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; BACKGROUND-POSITION: 0% 0%; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid; BACKGROUND-REPEAT: repeat" valign="top" width="18%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">90,000</font></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">45,000</font></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">75</font> <font style="FONT-SIZE: 8pt">,000</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; BACKGROUND-POSITION: 0% 0%; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid; BACKGROUND-REPEAT: repeat" valign="top" width="18%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$2.23</font></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$2.91</font></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$2.51</font></p>
                </td>

                <td style="BORDER-RIGHT: black 0.8pt solid; PADDING-RIGHT: 0.03in; BACKGROUND-POSITION: 0% 0%; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid; BACKGROUND-REPEAT: repeat" valign="top" width="22%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">09/25/2017</font></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">12/20/2017</font></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">08/20/2018</font></p>
                </td>
            </tr>

            <tr bgcolor="#ffffff">
                <td style="BORDER-RIGHT: black 0.8pt solid; PADDING-RIGHT: 0.03in; BACKGROUND-POSITION: 0% 0%; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.8pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid; BACKGROUND-REPEAT: repeat" valign="top" width="24%">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 8pt">Nancy</font> <font style="FONT-SIZE: 8pt">A.</font> <font style="FONT-SIZE: 8pt">Ellefson </font></p>

                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 8pt">(Vice President of Finance and Principal Accounting Officer)</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; BACKGROUND-POSITION: 0% 0%; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.8pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid; BACKGROUND-REPEAT: repeat" valign="top" width="15%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">--</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; BACKGROUND-POSITION: 0% 0%; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid; BACKGROUND-REPEAT: repeat" valign="top" width="18%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">15,000<br>
                    &nbsp; </font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; BACKGROUND-POSITION: 0% 0%; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid; BACKGROUND-REPEAT: repeat" valign="top" width="18%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$2.51</font></p>
                </td>

                <td style="BORDER-RIGHT: black 0.8pt solid; PADDING-RIGHT: 0.03in; BACKGROUND-POSITION: 0% 0%; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid; BACKGROUND-REPEAT: repeat" valign="top" width="22%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">08/20/2018</font></p>
                </td>
            </tr>

            <tr bgcolor="#ccdbe3">
                <td style="BORDER-RIGHT: black 0.8pt solid; PADDING-RIGHT: 0.03in; BACKGROUND-POSITION: 0% 0%; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.8pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid; BACKGROUND-REPEAT: repeat" valign="top" width="24%">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 8pt">Robert Jason Daniel,<br>
                    (Vice President of Operations)</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; BACKGROUND-POSITION: 0% 0%; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.8pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid; BACKGROUND-REPEAT: repeat" valign="top" width="15%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">1,000</font></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">--</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; BACKGROUND-POSITION: 0% 0%; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid; BACKGROUND-REPEAT: repeat" valign="top" width="18%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">9,000</font></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">20,000</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; BACKGROUND-POSITION: 0% 0%; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid; BACKGROUND-REPEAT: repeat" valign="top" width="18%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$2.31</font></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$2.51</font></p>
                </td>

                <td style="BORDER-RIGHT: black 0.8pt solid; PADDING-RIGHT: 0.03in; BACKGROUND-POSITION: 0% 0%; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid; BACKGROUND-REPEAT: repeat" valign="top" width="22%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">10/16/2017</font></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">08/20/2018</font></p>
                </td>
            </tr>

            <tr bgcolor="#ffffff">
                <td style="BORDER-RIGHT: black 0.8pt solid; PADDING-RIGHT: 0.03in; BACKGROUND-POSITION: 0% 0%; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.8pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid; BACKGROUND-REPEAT: repeat" valign="top" width="24%">
                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 8pt">Madison A. Jobe</font></p>

                    <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 8pt">(Vice President of Development)</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; BACKGROUND-POSITION: 0% 0%; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.8pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid; BACKGROUND-REPEAT: repeat" valign="top" width="15%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">--</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; BACKGROUND-POSITION: 0% 0%; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid; BACKGROUND-REPEAT: repeat" valign="top" width="18%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">15,000</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.03in; BACKGROUND-POSITION: 0% 0%; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid; BACKGROUND-REPEAT: repeat" valign="top" width="18%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">$2.00</font></p>
                </td>

                <td style="BORDER-RIGHT: black 0.8pt solid; PADDING-RIGHT: 0.03in; BACKGROUND-POSITION: 0% 0%; BORDER-TOP: medium none; PADDING-LEFT: 0.03in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.8pt solid; BACKGROUND-REPEAT: repeat" valign="top" width="22%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 8pt">02/10/2019</font></p>
                </td>
            </tr>
        </table>

        <p></p>

        <table>
            <tr>
                <td>
                </td>

                <td valign="top">
                    <p style="MARGIN-TOP: 0pt; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt"><font style="FONT-FAMILY: 'TIMES NEW ROMAN'">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td valign="top">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><font style="FONT-SIZE: 8pt">Options vest 10% on the first anniversary of grant, 20% on the second anniversary of grant, 30% on the third anniversary of grant and 40% on the fourth anniversary of grant.</font></p>
                </td>
            </tr>
        </table>
        <br>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 10pt">INDEPENDENT AUDITORS</font></b></p>

        <p></p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">The Company retained BDO Seidman, LLP (&ldquo;BDO&rdquo;) as its independent registered public accounting firm for the fiscal years ended June 28, 2009 and June 29, 2008. Effective October 6, 2009, the Company dismissed BDO and retained Montgomery Coscia Greilich, LLP (&ldquo;MCG&rdquo;) as the independent registered public accounting firm to
        audit the Company&rsquo;s financial statements for the 2010 fiscal year. The decision to change accountants was approved by the Audit Committee of the Company&rsquo;s board of directors.</p>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr width="100%" color="#000000" size="2">
        </div>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">A representative of MCG is expected to be present at the annual meeting, to be available to respond to appropriate questions and to have an opportunity to make a statement. BDO has indicated that they do not intend to have a representative present at the meeting.</p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">BDO&rsquo;s reports on the Company&rsquo;s financial statements as of and for the fiscal years ended June 29, 2008 and June 28, 2009 did not contain an adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles. During the two fiscal years ended June 28, 2009 and the
        subsequent interim period preceding such dismissal, (i) there was no disagreement with BDO on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which disagreement, if not resolved to the satisfaction of BDO, would have caused BDO to make reference to the subject matter of the disagreement in connection with their reports, (ii) there were no &ldquo;reportable events&rdquo; within the meaning of Item 304(a)(1)(v) of Regulation
        S-K, and (iii) the Company did not consult with MCG regarding either the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company&rsquo;s financial statements. A copy a letter from BDO to the SEC concurring with the foregoing statements is attached as Exhibit 16.1 to the Company&rsquo;s Form 8-K filed on October 8, 2009.</p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">The following table shows the fees the Company paid or accrued for audit and other services provided by BDO for fiscal 2008 and 2009.</p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="320" align="center" border="0">
            <tr>
                <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="151">&nbsp;</td>

                <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="84">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">2008</font></p>
                </td>

                <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="84">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">2009</font></p>
                </td>
            </tr>

            <tr>
                <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="top" width="151">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">Audit Fees</font></p>
                </td>

                <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="top" width="84">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">$179,120</font></p>
                </td>

                <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="top" width="84">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">$180,205</font></p>
                </td>
            </tr>

            <tr>
                <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="top" width="151">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">Audit Related Fees</font></p>
                </td>

                <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="top" width="84">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">&nbsp;&nbsp; 44, 085 </font></p>
                </td>

                <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="top" width="84">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">-- </font></p>
                </td>
            </tr>

            <tr style="HEIGHT: 9.2pt">
                <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="151">&nbsp;</td>

                <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="84">&nbsp;</td>

                <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="84">&nbsp;</td>
            </tr>

            <tr>
                <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="top" width="151">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">Total</font></p>
                </td>

                <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="top" width="84">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">$223,205</font></p>
                </td>

                <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" valign="top" width="84">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">$180,205</font></p>
                </td>
            </tr>
        </table>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>Audit Fees</b>. This category represents aggregate fees billed by BDO for professional services rendered for the audit of the Company&rsquo;s annual financial statements for the fiscal years ended June 29, 2008 and June 28, 2009, respectively, and the reviews of the financial statements included in the Company&rsquo;s Forms 10-Q for those
        fiscal years.</p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b>Audit-Related Fees</b>. These fees consist of assurance and related services that were reasonably related to the performance of the audit or review of the Company&rsquo;s financial statements. This category includes fees related to the performance of audits and attest services not required by statute or regulations, audits of the
        Company&rsquo;s benefits plans, review of the Company&rsquo;s 2009 Federal Disclosure Document and consultations regarding the application of generally accepted accounting principles to proposed transactions.</p>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr width="100%" color="#000000" size="2">
        </div>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"><b><font style="FONT-SIZE: 10pt">Pre-Approval of Services of the Independent Auditor</font></b></p>

        <p></p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">The Audit Committee is responsible for appointing, setting compensation for, and overseeing the work of the independent auditor. Audit Committee policy requires all services provided by MCG to be pre-approved by the Audit Committee. Pre-approval applies to audit services, audit-related services, tax services and other services. In some cases,
        pre-approval is provided by the full Audit Committee for up to a year, and relates to a particular defined task or scope of work and is subject to a specific budget. In other cases, the Chairman of the Audit Committee has the delegated authority from the Audit Committee to pre-approve additional services, and such pre-approvals are then communicated to the full Audit Committee. In fiscal 2009, all audit services and non-audit services performed by BDO were pre-approved by the Audit
        Committee.</p>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 10pt">AUDIT COMMITTEE REPORT&nbsp;&nbsp; </font></b></p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">The Audit Committee of the Board is responsible for providing independent, objective oversight of the Company&rsquo;s accounting functions and internal controls. The Audit Committee is currently composed of three independent directors and acts under a written charter approved and adopted by the Board. The Audit Committee reviews its charter on
        an annual basis. Each of the members is independent as defined by all Nasdaq and SEC requirements. The Board annually reviews the relevant definitions of independence for audit committee members and makes an annual determination of the independence of Audit Committee members.&nbsp;&nbsp;<br>
        <br>
        The Board of Directors has determined that at least one member of the Audit Committee, Mr. Phillips, is an &ldquo;audit committee financial expert,&rdquo; as defined by SEC rules and regulations. This designation does not impose upon Mr. Phillips any duty, obligation or liability that is greater than is generally imposed on him as a member of the Audit Committee and the Board, and his designation as an audit committee financial expert does not affect the duty, obligation or liability of
        any other member of the Audit Committee or the Board. For an overview of Mr. Phillips&rsquo; relevant experience, see <i>&ldquo;</i><i>Election of</i> <i>Directors&rdquo;</i> above.</p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">The Audit Committee reviewed and discussed with management the Company&rsquo;s audited financial statements for the fiscal year ended June 28, 2009. It also discussed with BDO Seidman, LLP the matters required to be discussed by Statement on Auditing Standards No. 61, &ldquo;Communications with Audit Committees&rdquo;, as amended by Statement on
        Auditing Standards No. 90. In addition, BDO Seidman, LLP provided to the Audit Committee the written disclosures and the letter required by Independence Standards Board Standard No. 1, &ldquo;Independence Discussions with Audit Committees,&rdquo; and the Committee discussed with BDO Seidman, LLP that firm&rsquo;s independence.</p>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr width="100%" color="#000000" size="2">
        </div>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">The Audit Committee is responsible for recommending to the Board that the Company&rsquo;s financial statements be included in the Company&rsquo;s annual report. Management is responsible for the preparation, presentation, and integrity of the Company&rsquo;s financial statements, accounting and financial reporting principles, internal controls
        and procedures designed to ensure compliance with accounting standards, applicable laws, and regulations. The Company&rsquo;s independent auditor, BDO Seidman, LLP, is responsible for performing an independent audit of the consolidated financial statements and expressing an opinion on the conformity of those financial statements to generally accepted accounting principles.&nbsp;&nbsp;<br>
        <br>
        Based on the discussions with BDO Seidman, LLP concerning the audit, the financial statement review, and other such matters deemed relevant and appropriate by the Audit Committee, the Audit Committee recommended to the Board that the audited financial statements for the fiscal year ended June 28, 2009 be included in the Company&rsquo;s 2009 Annual Report on Form 10-K for filing with the SEC.&nbsp;<br>
        <br>
        Submitted to the Board by the undersigned members of the Audit Committee.</p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"></p>

        <table cellspacing="0" cellpadding="0" width="100%" border="0">
            <tr valign="bottom">
                <td align="left" width="2%">
                </td>

                <td align="left" width="1%"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="313"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="319"><font face="Times New Roman, Times, serif" size="2"><strong>Audit Committee</strong></font></td>

                <td align="left" width="1%"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="1%"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td align="left">
                </td>

                <td align="left">
                </td>

                <td align="left" width="313">&nbsp;</td>

                <td align="left" width="319">
                </td>

                <td align="left">
                </td>

                <td align="left">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="left">
                </td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="313"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="319"><font face="Times New Roman, Times, serif" size="2">Ramon D. Phillips, Chairman</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
            </tr>

            <tr valign="bottom">
                <td align="left">
                </td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="313"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="319"><font face="Times New Roman, Times, serif" size="2">Robert B. Page</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
            </tr>

            <tr valign="bottom">
                <td align="left">
                </td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="313"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="319"><font face="Times New Roman, Times, serif" size="2">William C. Hammett, Jr.</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
            </tr>
        </table>
        <br>

        <p></p>
        <i><font style="FONT-SIZE: 10pt">The Audit Committee Report does not constitute soliciting material, and shall not be deemed to be filed or incorporated by reference into any other Company filing under the Securities Act of 1933, as amended, except to the extent that the Company specifically incorporates the Audit Committee Report therein by reference.</font></i>

        <p></p>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 10pt">SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS, </font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 10pt">DIRECTORS AND EXECUTIVE OFFICERS</font></b></p>

        <p></p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">The following table sets forth information as of October 20, 2009, concerning beneficial ownership of the Common Stock of the Company by:</p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"></p>

        <table cellspacing="0" cellpadding="0" width="100%" border="0">
            <tr valign="bottom">
                <td align="left">
                </td>

                <td align="left" width="1%"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="35"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="6"><font face="Times New Roman, Times, serif" size="2">&bull;</font></td>

                <td align="left" width="5"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="18"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="582"><font face="Times New Roman, Times, serif" size="2">Any person or group known to beneficially own more than 5% of the Company&rsquo;s Common Stock;</font></td>

                <td align="left" width="1%"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="1%"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td align="left">
                </td>

                <td align="left">
                </td>

                <td align="left" width="35">
                </td>

                <td align="left" width="6">
                </td>

                <td align="left" width="5">
                </td>

                <td align="left" width="18">
                </td>

                <td align="left" width="582">&nbsp;</td>

                <td align="left">
                </td>

                <td align="left">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="left">
                </td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="35"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="6"><font face="Times New Roman, Times, serif" size="2">&bull;</font></td>

                <td align="left" width="5"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="18"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="582"><font face="Times New Roman, Times, serif" size="2">Each director and executive officer of the Company; and</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
            </tr>

            <tr>
                <td align="left">
                </td>

                <td align="left">
                </td>

                <td align="left" width="35">
                </td>

                <td align="left" width="6">
                </td>

                <td align="left" width="5">
                </td>

                <td align="left" width="18">
                </td>

                <td align="left" width="582">&nbsp;</td>

                <td align="left">
                </td>

                <td align="left">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="left">
                </td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="35"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="6"><font face="Times New Roman, Times, serif" size="2">&bull;</font></td>

                <td align="left" width="5"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="18"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left" width="582"><font face="Times New Roman, Times, serif" size="2">All directors and executive officers as a group (seven directors and four executive officers).</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
            </tr>
        </table>
        <br>
        <br>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify"></p>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr width="100%" color="#000000" size="2">
        </div>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR">The information provided in the table is based on the Company&rsquo;s records, information filed with the SEC and other information provided to the Company. The number of shares beneficially owned by each person or group is determined under SEC rules, and the information is not necessarily indicative of ownership for any other purpose. Under such rules,
        beneficial ownership includes any shares as to which the person or group has sole or shared voting or investment power and includes any shares that the person or group has the right to acquire within 60 days after the Record Date through the exercise of any stock option or other right. Unless otherwise indicated, (a) all persons have sole voting and investment power (or share such powers with their spouse) with respect to the shares shown as beneficially owned by them, (b) the mailing
        address for all persons is the same as that of the Company, and (c) the directors and executive officers have not pledged as security any of the shares beneficially owned by them.</p>

        <p></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="800" border="0">
            <tr>
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom" width="439">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><u><font style="FONT-SIZE: 10pt">Beneficial Owner</font></u></b></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="120">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 10pt">No. of Shares<br>
                    Beneficially</font></b></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><u><font style="FONT-SIZE: 10pt">Owned</font></u></b></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom" width="79">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 10pt">Percent</font></b></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><u><font style="FONT-SIZE: 10pt">Of Class</font></u></b></p>
                </td>
            </tr>

            <tr>
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="439">&nbsp;</td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="120">&nbsp;</td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="79">&nbsp;</td>
            </tr>

            <tr>
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="439">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><u><font style="FONT-SIZE: 10pt">5% Beneficial Owners</font></u><font style="FONT-SIZE: 10pt">:</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="120">&nbsp;</td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="79">&nbsp;</td>
            </tr>

            <tr>
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="439">&nbsp;</td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="120">&nbsp;</td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="79">&nbsp;</td>
            </tr>

            <tr bgcolor="#ccdbe3">
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="439">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">Newcastle</font> <font style="FONT-SIZE: 10pt">Partners, L.P. (1) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="120">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">2,317,648</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="79">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">28.9</font></p>
                </td>
            </tr>

            <tr bgcolor="#ffffff">
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="439">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">Newcastle</font> <font style="FONT-SIZE: 10pt">Partners, L.P. (2)(3) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">Newcastle</font> <font style="FONT-SIZE: 10pt">Capital Management, L.P. (2)(3)<br>
                    Newcastle Capital Group, L.L.C. (2)(3)<br>
                    Hallmark Financial Services, Inc. (2)(3)<br>
                    American Hallmark Insurance Company of Texas (2)(3)</font></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">Mark E. Schwarz (2)(3)<br>
                    Clinton J. Coleman (2</font> <font style="FONT-SIZE: 10pt">)(3)</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="120">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">2,938,937</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="79">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">36.2</font></p>
                </td>
            </tr>

            <tr bgcolor="#ccdbe3">
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="439">&nbsp;</td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="120">&nbsp;</td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="79">&nbsp;</td>
            </tr>

            <tr bgcolor="#ffffff">
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="439">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><u><font style="FONT-SIZE: 10pt">Directors and Executive Officers</font></u><font style="FONT-SIZE: 10pt">:</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="120">&nbsp;</td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="79">&nbsp;</td>
            </tr>

            <tr bgcolor="#ccdbe3">
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="439">&nbsp;</td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="120">&nbsp;</td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="79">&nbsp;</td>
            </tr>

            <tr bgcolor="#ffffff">
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="439">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">Mark E. Schwarz (2)(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="120">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">2,938,937</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="79">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">36.2</font></p>
                </td>
            </tr>

            <tr bgcolor="#ccdbe3">
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="439">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">Clinton</font> <font style="FONT-SIZE: 10pt">J. Coleman (2)(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="120">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">2,938,937</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="79">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">36.2</font></p>
                </td>
            </tr>

            <tr bgcolor="#ffffff">
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="439">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">William C. Hammett, Jr. (4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="120">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">30,000</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="79">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">*</font></p>
                </td>
            </tr>

            <tr bgcolor="#ccdbe3">
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="439">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">Steven M. Johnson (4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="120">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">70,000</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="79">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">*</font></p>
                </td>
            </tr>

            <tr bgcolor="#ffffff">
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="439">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">Robert B. Page&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="120">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">---</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="79">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">---</font></p>
                </td>
            </tr>

            <tr bgcolor="#ccdbe3">
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="439">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">Ramon D. Phillips (5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="120">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">16,923</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="79">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">*</font></p>
                </td>
            </tr>

            <tr bgcolor="#ffffff">
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="439">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">James K. Zielke (4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="120">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">67,500</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="79">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">*</font></p>
                </td>
            </tr>

            <tr bgcolor="#ccdbe3">
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="439">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">Charles R. Morrison (4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="120">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">61,500</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="79">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">*</font></p>
                </td>
            </tr>

            <tr bgcolor="#ffffff">
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="439">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">Robert J. Daniel (4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="120">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">5,000</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="79">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">*</font></p>
                </td>
            </tr>

            <tr bgcolor="#ccdbe3">
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="439">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">Nancy A. Ellefson (4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="120">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">1,500</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="79">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">*</font></p>
                </td>
            </tr>

            <tr bgcolor="#ffffff">
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="439">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">Madison Jobe&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="120">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">10,000</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="79">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">*</font></p>
                </td>
            </tr>

            <tr bgcolor="#ccdbe3">
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="439">&nbsp;</td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="120">&nbsp;</td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="79">&nbsp;</td>
            </tr>

            <tr bgcolor="#ffffff">
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="439">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 10pt">All directors and executive officers (3)(4)(5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="120">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">3,201,360</font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="79">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">38.7</font></p>
                </td>
            </tr>
        </table>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">*Represents less than 1%.</p>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr width="100%" color="#000000" size="2">
        </div>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"></p>

        <table cellspacing="0" cellpadding="0" width="100%" border="0">
            <tr valign="bottom">
                <td align="right" width="1%"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td valign="top" align="right" width="1%"><font face="Times New Roman, Times, serif" size="2">(1)</font></td>

                <td align="left" width="2%"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td colspan="3">
                    <p align="justify"><font face="Times New Roman, Times, serif" size="2">The general partner of Newcastle Partners, L.P. (&ldquo;NP&rdquo;) is Newcastle Capital Management, L.P. (&ldquo;NCM&rdquo;), the general partner of NCM is Newcastle Capital Group, L.L.C. (&ldquo;NCG&rdquo;), and the managing member of NCG is Mark E. Schwarz. Accordingly, each of NCM, NCG and Mr. Schwarz may be deemed to beneficially own the shares of Common Stock directly owned by
                    NP.&nbsp;&nbsp;</font></p>
                </td>
            </tr>

            <tr>
                <td align="right">
                </td>

                <td valign="top" align="right">
                </td>

                <td align="left">
                </td>

                <td align="left">&nbsp;</td>

                <td align="left">
                </td>

                <td align="left">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="right"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td valign="top" align="right"><font face="Times New Roman, Times, serif" size="2">(2)</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td colspan="3">
                    <p align="justify"><font face="Times New Roman, Times, serif" size="2">NP, NCM, NCG, Mr. Schwarz, Mr. Coleman, Hallmark Financial Services, Inc. (&ldquo;HFS&rdquo;) and American Hallmark Insurance Company of Texas (&ldquo;AHIC&rdquo;) may be considered a &ldquo;group&rdquo; for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended. Accordingly, each member of such group may be deemed to share voting and investment power over and beneficially own all
                    shares of the Common Stock owned by all other members of the group. The address for NP, NCM, NCG, Mr. Schwarz and Mr. Coleman is 200 Crescent Court, Suite 1400, Dallas, Texas 75201. The address for HFS and AHIC is 777 Main Street, Suite 1000, Fort Worth, Texas 76102&nbsp;&nbsp;</font></p>
                </td>
            </tr>

            <tr>
                <td align="right">
                </td>

                <td valign="top" align="right">
                </td>

                <td align="left">
                </td>

                <td align="left">&nbsp;</td>

                <td align="left">
                </td>

                <td align="left">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="right"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td valign="top" align="right"><font face="Times New Roman, Times, serif" size="2">(3)</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td colspan="3">
                    <p align="justify"><font face="Times New Roman, Times, serif" size="2">Includes (a) 2,317,648 shares directly owned by NP, (b) 419,693 shares directly owned by AHIC, (c) 55,843 shares directly owned by Mr. Schwarz and 70,000 shares which may be acquired by Mr. Schwarz pursuant to currently exercisable options, and (d) 35,753 shares directly owned by Mr. Coleman and 40,000 shares which may be acquired by Mr. Coleman pursuant to currently exercisable
                    options.&nbsp;&nbsp;</font></p>
                </td>
            </tr>

            <tr>
                <td align="right">
                </td>

                <td valign="top" align="right">
                </td>

                <td align="left">
                </td>

                <td align="left">&nbsp;</td>

                <td align="left">
                </td>

                <td align="left">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="right"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td valign="top" align="right"><font face="Times New Roman, Times, serif" size="2">(4)</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td colspan="3">
                    <p align="justify"><font face="Times New Roman, Times, serif" size="2">Includes the following shares which may be acquired pursuant to options exercisable currently or within 60 days of the Record Date: (a) for Mr. Hammett, 10,000 shares; (b) for Mr. Johnson, 40,000 shares; (c) for Mr. Zielke, 40,000 shares; (d) for Mr. Morrison, 52,500 shares; (e) for Mr. Daniel, 5,000 shares; and (f) for Ms. Ellefson, 1,500 shares.&nbsp;&nbsp;</font></p>
                </td>
            </tr>

            <tr>
                <td align="right">
                </td>

                <td valign="top" align="right">
                </td>

                <td align="left">
                </td>

                <td align="left">&nbsp;</td>

                <td align="left">
                </td>

                <td align="left">
                </td>
            </tr>

            <tr valign="bottom">
                <td align="right"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td valign="top" align="right"><font face="Times New Roman, Times, serif" size="2">(5)</font></td>

                <td align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>

                <td colspan="3">
                    <p align="justify"><font face="Times New Roman, Times, serif" size="2">Includes 5,333 shares over which Mr. Phillips shares voting and investment power by virtue of his position as a director and officer of the corporation holding such shares.&nbsp;&nbsp;</font></p>
                </td>
            </tr>
        </table>
        <br>
        <br>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif" align="center"><b><font style="FONT-SIZE: 10pt">SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE</font></b></p>

        <p></p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">Section 16(a) of the Exchange Act requires the Company&rsquo;s executive officers and directors and beneficial owners of more than 10% of the Common Stock to report their ownership of and transactions in the Common Stock to the SEC and to furnish the Company with copies of such reports. The Company believes that, during the preceding fiscal
        year, all of the Company&rsquo;s executive officers, directors and beneficial owners of more than 10% of Common Stock timely filed all reports required by Section 16(a) of the Act, except as follows: (a) Charles R. Morrison, Nancy A. Ellefson, Robert Jason Daniels, Madison Jobe, James K. Zielke, Danny K. Meisenheimer and Ward T. Olgreen were each late filing one Form 4 reporting the grant of stock options; and (b) American Hallmark Insurance Company of Texas was late filing two Form
        4&rsquo;s reporting a total of four purchases of shares. In making these statements, the Company has relied upon examination of copies of Forms 3, 4 and 5, and amendments thereto, provided to the Company and the representations of its directors, executive officers and 10% shareholders.</p>

        <p></p>

        <p></p>

        <div title="EE+ Page Footer" style="MARGIN-TOP: 12pt">
            <p style="MARGIN-TOP: 0pt; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">&nbsp;</p>
        </div>
        <!-- PAGE BREAK  -->

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            <hr width="100%" color="#000000" noshade size="2">
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 10pt">MISCELLANEOUS</font></b></p>

        <p></p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">A copy of our 2009 Annual Report, which includes our Form 10-K for the fiscal year ended June 28, 2009, is enclosed. Shareholders may request another free copy of our 2009 Annual Report from:</p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">Pizza Inn, Inc.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt">Attn: Investor Relations<br>
        3551 Plano Parkway<br>
        The Colony, TX 75056<br>
        (800) 880-9955</font></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">Current and prospective investors may also access the 2009 Annual Report on the Investor Relations page of our web site at:</p>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font style="FONT-SIZE: 10pt; COLOR: #0000ff">http://www.pizzainn.com</font></p>

        <p></p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">We will also furnish any exhibit to the 2009 Form 10-K as specifically requested.<br>
        &nbsp;</p>

        <p></p>

        <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR" align="justify">YOU SHOULD RELY ONLY ON THE INFORMATION CONTAINED IN THIS PROXY STATEMENT OR ANNEXED HERETO TO VOTE ON THE MATTERS SET FORTH ABOVE. WE HAVE NOT AUTHORIZED ANYONE TO PROVIDE YOU WITH INFORMATION THAT IS DIFFERENT FROM WHAT IS CONTAINED IN THIS PROXY STATEMENT. THIS PROXY STATEMENT IS DATED NOVEMBER 8, 2009. YOU SHOULD NOT ASSUME THAT THE
        INFORMATION CONTAINED IN THIS PROXY STATEMENT IS ACCURATE AS OF ANY OTHER DATE.</p>

        <p></p>

        <div title="EE+ Page Footer" style="MARGIN-TOP: 12pt">
            <p style="MARGIN-TOP: 0pt; FONT-SIZE: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">591483</p>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
