<SEC-DOCUMENT>0000930413-13-000401.txt : 20130129
<SEC-HEADER>0000930413-13-000401.hdr.sgml : 20130129
<ACCEPTANCE-DATETIME>20130128215451
ACCESSION NUMBER:		0000930413-13-000401
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20130319
FILED AS OF DATE:		20130129
DATE AS OF CHANGE:		20130128
EFFECTIVENESS DATE:		20130129

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARK RESTAURANTS CORP
		CENTRAL INDEX KEY:			0000779544
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				133156768
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09453
		FILM NUMBER:		13553473

	BUSINESS ADDRESS:	
		STREET 1:		85 FIFTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10003-3019
		BUSINESS PHONE:		2122068800

	MAIL ADDRESS:	
		STREET 1:		85 FIFTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10003-3019
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>c72415_def14a.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: bold 12pt Times New Roman, Times, Serif; text-align: center">UNITED STATES</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: bold 12pt Times New Roman, Times, Serif; text-align: center">SECURITIES AND EXCHANGE COMMISSION</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center">Washington, D.C. 20549</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center">SCHEDULE 14A</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: black">Filed by the Registrant </FONT><FONT STYLE="font: 12pt Wingdings">&#254; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: black">Filed by a Party other than the Registrant </FONT><FONT STYLE="font: 12pt Wingdings">o</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Check the appropriate box:</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Wingdings"><FONT STYLE="font: 12pt Wingdings">o </FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Preliminary Proxy Statement</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Wingdings"><FONT STYLE="font: 12pt Wingdings">o </FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Confidential, for use of the Commission only (as permitted by Rule 14a-6 (e)(2))</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Wingdings"><FONT STYLE="font: 12pt Wingdings">&#254; </FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Definitive Proxy Statement</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Wingdings"><FONT STYLE="font: 12pt Wingdings">o </FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Definitive Additional Materials</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Wingdings"><FONT STYLE="font: 12pt Wingdings">o </FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Soliciting Material under Rule 14a-12</FONT></TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: small-caps bold 16pt Times New Roman Bold; text-align: center">Ark Restaurants Corp.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">(Name of Registrant as Specified In Its Charter)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">Same</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font: 10pt Times New Roman, Times, Serif">Payment of Filing Fee (Check the appropriate box):</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font: 12pt Wingdings"><FONT STYLE="font: 12pt Wingdings">&#254; </FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">No fee required.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font: 12pt Wingdings"><FONT STYLE="font: 12pt Wingdings">o </FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font: 10pt Times New Roman, Times, Serif">(1) Title of each class of securities to which transaction applies:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font: 10pt Times New Roman, Times, Serif">(2) Aggregate number of securities to which transaction applies:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font: 10pt Times New Roman, Times, Serif">(3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined):</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font: 10pt Times New Roman, Times, Serif">(4) Proposed maximum aggregate value of transaction:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font: 10pt Times New Roman, Times, Serif">(5) Total fee paid:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font: 12pt Wingdings">o <FONT STYLE="font: 10pt Times New Roman, Times, Serif">Fee previously paid with the preliminary materials:</FONT></TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font: 12pt Wingdings"><FONT STYLE="font: 12pt Wingdings">o </FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font: 10pt Times New Roman, Times, Serif">(1) Amount Previously Paid:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font: 10pt Times New Roman, Times, Serif">(2) Form, Schedule or Registration Statement No.:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font: 10pt Times New Roman, Times, Serif">(3) Filing Party:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font: 10pt Times New Roman, Times, Serif">(4) Date Filed:</TD></TR>
<TR>
    <TD STYLE="width: 34%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 17%">&nbsp;</TD>
    <TD STYLE="width: 32%">&nbsp;</TD></TR>
</TABLE>




<hr noshade size=4>
<P align="left" style="page-break-before:always"></P><PAGE>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 11%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 44%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">ARK RESTAURANTS CORP.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">85 Fifth Avenue</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">New York, New York 10003</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">NOTICE OF ANNUAL MEETING OF SHAREHOLDERS</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">To Be Held on March 19, 2013</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">To Shareholders of</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">ARK RESTAURANTS CORP.</P></TD></TR>
</TABLE>
<br>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOTICE
IS HEREBY GIVEN that the Annual Meeting of Shareholders of Ark Restaurants Corp. (the &ldquo;Company&rdquo;) will be held on March
19, 2013 at 10:00 A.M., New York City time, at Bryant Park Grill, located at 25 West 40<SUP>th</SUP> Street, New York, New York,
for the following purposes:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 4%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 92%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">(1)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">To elect a board of nine directors;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">(2)</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">To ratify the appointment of Cohn Reznick LLP (&ldquo;Cohn&rdquo;),
        formerly known as J.H. Cohn LLP, as independent auditors for the 2013 fiscal year; and</P></TD></TR>
<TR STYLE="vertical-align: top">
  <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
  <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">(3)</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">To transact such other business as may properly come before the
        meeting or any adjournments thereof.&#9;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>
<br>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Board of Directors has fixed the close of
business on February 10, 2013, as the record date for the determination of shareholders entitled to notice of, and to vote at,
the meeting. All shareholders are cordially invited to attend.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YOU
ARE REQUESTED, WHETHER OR NOT YOU PLAN TO BE PRESENT AT THE MEETING, TO DATE, SIGN AND RETURN PROMPTLY THE ACCOMPANYING PROXY IN
THE ENCLOSED ENVELOPE TO WHICH NO POSTAGE NEED BE AFFIXED IF MAILED IN THE UNITED STATES. IF YOU ATTEND THE MEETING IN PERSON,
YOU MAY WITHDRAW THE PROXY AND VOTE YOUR OWN SHARES.</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">By Order of the Board of Directors,</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Oona Cassidy</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-style: italic">In-House Counsel, Secretary</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">New York, New York</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">February 13, 2013</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
</TABLE>



<P align="center" STYLE="font: 10pt Times New Roman, Times, Serif">2</P>
<hr noshade size=4>
<P align="left" style="page-break-before:always"></P><PAGE>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 44%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">ARK RESTAURANTS CORP.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">PROXY STATEMENT</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>ANNUAL MEETING INFORMATION</B></P></TD></TR>
</TABLE>
<br>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">This proxy statement contains information related to the annual
meeting of shareholders of Ark Restaurants Corp., a New York corporation (&ldquo;Ark&rdquo; or the &ldquo;Company&rdquo;) to be
held at Bryant Park Grill, located at 25 West 40<SUP>th</SUP> Street, New York, New York, at 10:00 A.M., New York City time, on
March 19, 2013 and at any adjournment or adjournments thereof (the &ldquo;Meeting&rdquo;). This proxy statement was prepared under
the direction of our Board of Directors (the &ldquo;Board of Directors&rdquo; or the &ldquo;Board&rdquo;) to solicit your proxy
for use at the annual meeting. This proxy statement and proxy are being first mailed to shareholders on or about February 13, 2013.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Throughout this Proxy Statement, the terms &ldquo;we,&rdquo; &ldquo;us,&rdquo;
&ldquo;our&rdquo; and the &ldquo;Company&rdquo; refer to Ark Restaurants Corp. and, unless the context indicates otherwise, our
subsidiaries on a consolidated basis; and &ldquo;you&rdquo; and &ldquo;your&rdquo; refers to the shareholders of our Company.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Important Notice Regarding the Availability of Proxy Materials
for the Annual Meeting to be Held on March 19, 2013.</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>This Proxy Statement, the form of proxy and the Company&rsquo;s
Annual Report are available at <I><U>www.cstproxy.com/arkrestaurants/2012</U></I>.</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Who may attend the annual meeting?</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">All shareholders of record at the close of business on February
10, 2013 (the &ldquo;Record Date&rdquo;), or their duly appointed proxies, and our invited guests may attend the Meeting.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Who may vote?</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">You may vote if you owned our common stock as of the close of business
on the Record Date. Each share of your common stock is entitled to one vote on each of the proposals scheduled for vote at the
Meeting. As of the Record Date, there were 3,244,845 shares of common stock outstanding and entitled to vote at the Meeting.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>What will I be voting on?</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">You will be voting on the following:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 92%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD>The election of nine (9)&nbsp;directors for a term to expire at the next annual meeting of shareholders; and</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD>The ratification of the selection of Cohn Reznick LLP (&ldquo;Cohn&rdquo;), formerly known as J.H. Cohn LLP, as our independent registered public accounting firm for fiscal 2013;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>

</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>What are the voting recommendations of the Board of Directors?</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Board of Directors recommends that you vote your shares &ldquo;FOR&rdquo;
each of the nominees named in this proxy statement for election to the Board; and &ldquo;FOR&rdquo; ratification of the selection
of Cohn as our independent registered public accounting firm for fiscal 2013.</P>

<P align="center" STYLE="font: 10pt Times New Roman, Times, Serif">3</P>
<hr noshade size=4>
<P align="left" style="page-break-before:always"></P><PAGE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>How do I vote?</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Return
Your Proxy Card By Mail</B></I><B>:</B> You may vote by completing, signing and returning the enclosed proxy card in the postage-paid
envelope provided with this proxy statement. The proxy holders will vote your shares according to your directions. If you sign
and return your proxy card without specifying choices, your shares will be voted by the persons named in the proxy in accordance
with the recommendations of the Board of Directors as set forth in this proxy statement.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Vote
at the Meeting</B></I><B>:</B> You may cast your vote in person at the Meeting. Written ballots will be passed out to anyone who
wants to vote in person at the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Even if you plan to attend the meeting, you are encouraged to vote
your shares by proxy. You may still vote your shares in person at the Meeting even if you have previously voted by proxy. If you
are present at the Meeting and desire to vote in person, your vote by proxy will not be used.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>What if I hold my shares in &ldquo;street name&rdquo;?</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">You should follow the voting directions provided by your broker
or nominee. You may complete and mail a voting instruction card to your broker or nominee or, in most cases, submit voting instructions
by telephone or the Internet to your broker or nominee. If you provide specific voting instructions by mail, telephone or the Internet,
your broker or nominee will vote your shares as you have directed.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Can I change my mind after I vote?</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Yes. If you are a shareholder of record, you may change your vote
or revoke your proxy at any time before it is voted at the Meeting by:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 92%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD>signing another proxy card with a later date and returning it to us prior to the Meeting;&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD>giving written notice of revocation to Ark Restaurants Corp., Attention Treasurer, 85 Fifth Avenue, New York, NY 10003; or</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">attending the Meeting and voting in person.</P></TD></TR>
<TR STYLE="vertical-align: top">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">If you hold your shares in street name, you may submit new voting
instructions by contacting your broker, bank or other nominee. You may also vote in person at the Meeting if you obtain a legal
proxy from your broker, bank or other nominee.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Who will count the votes?</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">A representative of our Transfer Agent will count the votes and
will serve as the independent inspector of elections.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Will my shares be voted if I do not provide my proxy?</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">If you are the shareholder of record and you do not vote or provide
a proxy, your shares will not be voted.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Under the rules of various national and regional securities exchanges,
brokers may generally vote on certain, limited &ldquo;routine&rdquo; matters, but cannot vote on non-routine matters, such as the
non-contested election of directors or an amendment to the Articles of Incorporation or the adoption or amendment of a stock option
plan, unless they have received voting instructions from the person for whom they are holding shares. If your broker does not receive
instructions from you on how to vote particular shares on matters on which your broker does not have discretionary authority to
vote, your broker will return the proxy form to us, indicating that he or she does not have the authority to vote on these matters.
This is generally referred to as a &ldquo;broker non-vote&rdquo; and will affect the outcome of the voting as described below,
under &ldquo;What vote is required to approve each proposal?&rdquo; Therefore, we encourage you to provide directions to your broker
as to how you want your shares voted on all matters to be brought before the meeting. You should do this by carefully following
the instructions your broker gives you concerning its procedures. This ensures that your shares will be voted at the meeting.</P>


<P align="center" STYLE="font: 10pt Times New Roman, Times, Serif">4</P>
<hr noshade size=4>
<P align="left" style="page-break-before:always"></P><PAGE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>How many votes must be present to hold the meeting?</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">A majority of the outstanding shares entitled to vote at the Meeting,
represented in person or by proxy, will constitute a quorum. Shares of common stock represented in person or by proxy, including
shares which abstain or do not vote with respect to one or more of the matters presented for shareholder approval, will be counted
for purposes of determining whether a quorum is present.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>What vote is required to approve each proposal?</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">In accordance with our bylaws, the nominees for director receiving
the highest number of votes cast in person or by proxy at the Meeting (also referred to as a plurality of the votes cast) will
be elected. Broker non-votes will not be counted as entitled to vote, but will count for purposes of determining whether or not
a quorum is present on the matter. The affirmative vote of a majority of the shares represented in person or by proxy at the annual
meeting is required for approval of the proposal to ratify the appointment of Cohn for fiscal 2013.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">If you mark your proxy to withhold your vote for a particular nominee
on your proxy card, your vote will not count either &ldquo;for&rdquo; or &ldquo;against&rdquo; the nominee. Therefore, a broker
non-vote has no effect on the proposals provided herein to be voted on at the Meeting. Shares that abstain from voting as to a
particular matter will not be counted as votes in favor of such matter, and also will not be counted as votes cast or shares voting
on such matter. Accordingly, abstentions will not be included in vote totals and will not affect the outcome of the voting for
any of the proposals.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Because the votes on the non-binding resolution to approve the compensation
of our named executive officers and the frequency of the vote on such compensation are advisory, they will not be binding on the
Board of Directors of the Company. However, the Board will review the voting results and take them into consideration when making
future decisions regarding executive compensation.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Our directors, director-nominees and executive officers own, directly
or indirectly, approximately 48.41% of the voting power entitled to be cast at the Meeting. We anticipate that these directors
and executive officers will cast all of their votes in favor of each of the proposals being considered at the Meeting. Shareholders
are not entitled to dissenter&rsquo;s rights of appraisal with respect to any of the proposals.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Who will pay for this proxy solicitation?</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We will bear the cost of preparing, assembling and mailing the proxy
material and of reimbursing brokers, nominees, fiduciaries and other custodians for out-of-pocket and clerical expenses of transmitting
copies of the proxy material to the beneficial owners of our shares. A few of our officers and employees may participate in the
solicitation of proxies without additional compensation.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Will any other matters be voted on at the Meeting?</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">As of the date of this proxy statement, our management knows of
no other matter that will be presented for consideration at the Meeting other than those matters discussed in this proxy statement.
If any other matters properly come before the Meeting and call for a vote of shareholders, validly executed proxies in the enclosed
form returned to us will be voted in accordance with the recommendation of the Board of Directors, or, in the absence of such a
recommendation, in accordance with the judgment of the proxy holders.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>What are the deadlines for stockholder proposals for next
year&rsquo;s Meeting?</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Stockholders may submit proposals on matters appropriate for stockholder
action at future annual meetings by following the rules of the Securities and Exchange Commission. Proposals intended for inclusion
in next year&rsquo;s proxy statement and proxy card must be received by not later than October 16, 2013. All proposals and notifications
should be addressed to Ark Restaurants Corp., Attention Treasurer, 85 Fifth Avenue, New York, NY 10003. Any such shareholder proposal
must comply with the requirements of Rule&nbsp;14a-8 promulgated under the Securities Exchange Act of 1934, as amended.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Where can I find the voting results?</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The preliminary voting results will be announced at the Meeting.
The final results will be published in a current report on Form&nbsp;8-K filed within four (4) business days after the meeting.</P>



<P align="center" STYLE="font: 10pt Times New Roman, Times, Serif"><BR>
5</P>
<hr noshade size=4>
<P align="left" style="page-break-before:always"></P><PAGE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>What is the Company&rsquo;s website address?</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Our website address is <I><U>www.arkrestaurants.com.</U></I> We
make this proxy statement, our annual report on Form&nbsp;10-K, quarterly reports on Form&nbsp;10-Q, current reports on Form&nbsp;8-K
and amendments to those reports filed or furnished pursuant to Section&nbsp;13(a) or 15(d) of the Securities Exchange Act of 1934,
as amended (the &ldquo;Exchange Act&rdquo;) available on our website in the About Ark &ndash; Investors &ndash; SEC Filings section,
as soon as reasonably practicable after electronically filing such material with the United States Securities and Exchange Commission
(&ldquo;SEC&rdquo;).</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">This information is also available free of charge at the SEC&rsquo;s
website located at <I><U>www.sec.gov.</U></I> Shareholders may also read and copy any reports, statements and other information
filed by us with the SEC at the SEC public reference room at 100&nbsp;F&nbsp;Street, N.E., Room&nbsp;1580, Washington,&nbsp;D.C.
20549. Please call the SEC at 1-800-SEC-0330 or visit the SEC&rsquo;s website for further information on its public reference room.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The references to our website address and the SEC&rsquo;s website
address do not constitute incorporation by reference of the information contained in these websites and should not be considered
part of this document.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CORPORATE GOVERNANCE; DIRECTOR AND COMMITTEE
INFORMATION</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Corporate Governance</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We seek to follow best practices in corporate governance in a manner
that is in the best interests of our business and stockholders. Our current corporate governance principles, including the Code
of Ethics and the charters of each of the Audit Committee and Nominating and Governance Committee are all available under About
Ark &ndash; Investors &ndash;Corporate Governance on our website at www.arkrestaurants.com. We are in compliance with the corporate
governance requirements imposed by the Sarbanes-Oxley Act, the Securities and Exchange Commission and the NASDAQ Marketplace Rules.
We will continue to modify our policies and practices to meet ongoing developments in this area. Aspects of our corporate governance
principles are discussed throughout this Proxy Statement.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Director Independence</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Board has determined that each of the following directors is
an &ldquo;independent director&rdquo; as such term is defined in NASDAQ Marketplace Rule 4200(a)(15): Bruce R. Lewin, Marcia Allen,
Steven Shulman, Arthur Stainman and Stephen Novick. The Company does not utilize any other definition or criteria for determining
the independence of a director or nominee, and no other transactions, relationships, or other arrangements exist to the Board&rsquo;s
knowledge or were considered by the Board, other than as may be discussed herein, in determining any such director&rsquo;s or nominee&rsquo;s
independence.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Board and Committee Meeting Attendance</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">During the past fiscal year, the Board held four meetings. Each
member of the Board attended at least 90% of the meetings of the Board and committees on which he or she served. Independent directors
meet at least twice per year without management present.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Board Committees</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Board has delegated various responsibilities and authority to
different Board committees. The Board has three standing committees: the Compensation Committee, the Audit Committee and the Nominating
and Corporate Governance Committee. The Board has appointed only independent directors to such committees. The members of each
committee are appointed by the Board and serve one year terms. Committees regularly report on their activities and actions to the
full Board of Directors. Each committee has a written charter adopted by the Board of Directors under which it operates.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Compensation Committee</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Ms. Allen (Chairperson) and Messrs. Shulman and Stainman currently
serve as members of the Compensation Committee of the Board. The Compensation Committee (i) oversees and sets the compensation
and benefits arrangements of our Chief Executive Officer and certain other executives; (ii)&nbsp;provides a general review of,
and makes recommendations to, the Board of Directors or to our shareholders with respect to our cash-based and equity-based compensation
plans; and (iii)&nbsp;implements, administers, operates and interprets our equity-based and similar compensation plans to the extent
provided under the terms of such plans. The Compensation </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>




<P align="center" STYLE="font: 10pt Times New Roman, Times, Serif">6</P>
<hr noshade size=4>
<P align="left" style="page-break-before:always"></P><PAGE>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Committee has
  the authority to make decisions respecting CEO and executive officer compensation
  matters, including employment and severance contracts, salary, compensation
  awards and bonuses, among other things, and has the right to retain and terminate
  compensation consultants, legal counsel and other advisors to assist the committee
  with its functions. The Committee may delegate authority to subcommittees of
  the Compensation Committee or to executive officers (with respect to compensation
  determinations for non-executive officers), as well as delegate authority to
  the Company&rsquo;s
  CEO to approve options to employees (who are not directors or executive officers)
  of the Company or of any subsidiary of the Company, subject to certain quantity,
  time and price limitations.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Board of Directors adopted a written charter under which the
Compensation Committee operates. The Board of Directors reviews and assesses the adequacy of the charter of the Compensation Committee
on an annual basis.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Compensation Committee held four meetings in fiscal 2012.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Audit Committee</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Messrs. Lewin (Chairperson) and Stainman and Ms. Allen currently
serve as members of the Audit Committee of the Board of Directors. The Audit Committee is responsible for, among other things,
engaging the independent auditors, receiving and reviewing the recommendations of the independent auditors, reviewing consolidated
financial statements of the Company, meeting periodically with the independent auditors and Company personnel with respect to the
adequacy of internal accounting controls, resolving potential conflicts of interest and reviewing Company&rsquo;s accounting policies.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Board of Directors has determined that all of the members of
the Audit Committee meet the independence criteria for audit committees and have the qualifications set forth in the listing standards
of NASDAQ and Rule&nbsp;10A-3 under the Exchange Act. The Board of Directors has also designated Ms. Allen as an audit committee
financial expert within the meaning of Item 401(h) of Regulation S-K under the Exchange Act and the Board of Directors has determined
that she has the financial sophistication required under the listing standards of NASDAQ.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Board of Directors adopted a written charter under which the
Audit Committee operates. The Board of Directors reviews and assesses the adequacy of the charter of the Audit Committee on an
annual basis.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Audit Committee held four meetings during fiscal 2012.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Nominating and Corporate Governance Committee</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Messrs. Novick (Chairperson), Stainman and Lewin currently serve
as members of the Nominating and Corporate Governance Committee of the Board. The Board of Directors adopted a written charter
under which the Nominating and Corporate Governance Committee operates. The Nominating and Corporate Governance Committee approved
the nomination of the candidates reflected in Proposal One, which candidates were approved by the Board of Directors.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The duties of the Nominating and Corporate Governance Committee
are to recommend to the Board nominees to the Board of Directors and its standing committees. Although the Nominating and Corporate
Governance Committee has not established minimum qualifications for director candidates, it will consider, among other factors:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 92%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD>Judgment</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD>Skill</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD>Diversity</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD>Experience with businesses and other organizations of comparable size</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD>The interplay of the candidate&rsquo;s experience with the experience of other Board members</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD>The extent to which the candidate would be a desirable addition to the Board and any committees of the Board</TD></TR>
</TABLE>
<br>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Nominating and Corporate Governance Committee will consider
all director candidates recommended by stockholders. Any stockholder who desires to recommend a director candidate may do so in
writing, giving each recommended candidate&rsquo;s name, </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



<P align="center" STYLE="font: 10pt Times New Roman, Times, Serif">7</P>
<hr noshade size=4>
<P align="left" style="page-break-before:always"></P><PAGE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">biographical data
  and qualifications, by mail addressed to the Chairman of the Nominating and
  Corporate Governance Committee, in care of Ark Restaurants Corp., 85 Fifth
  Avenue, New York, New York 10003. Members of the Nominating and Corporate Governance
  Committee will assess potential candidates on a regular basis.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Nominating and Corporate Governance Committee held one meeting
fiscal 2012.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">There are no family relationships among any of the directors or
executive officers (or any nominee therefor) of the Company, and no arrangements or understandings exist between any director or
nominee and any other person pursuant to which such director or nominee was or is to be selected with respect to the election of
directors. No director or executive officer (or any nominee therefor or any associate thereof) has any substantial interest, direct
or indirect, by security holdings or otherwise, in any proposal or matter to be acted upon at the Meeting (other than the election
of directors). There are no events or legal proceedings material to an evaluation of the ability or integrity of any director or
executive officer, or any nominee therefor, of the Company. Moreover, no director or executive officer of the Company, nor any
nominee, is a party adverse to the Company or has a material interest adverse to the Company in any legal proceeding.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Stockholder Communications</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Board welcomes communications from stockholders, which may be
sent to the entire Board at the principal business address of the Company, Ark Restaurants Corp., 85 Fifth Avenue, New York, New
York 10003, Attn: Corporate Secretary. Security holder communications are initially screened to determine whether they will be
relayed to Board members. Once the decision has been made to relay such communications to Board members, the Secretary will release
the communication to the Board on the next business day. Communications that are clearly of a marketing nature, or which are unduly
hostile, threatening, illegal or similarly inappropriate will be discarded and, if warranted, subject to appropriate legal action.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Recognizing that director attendance at the Company&rsquo;s annual
meetings of stockholders can provide stockholders with an opportunity to communicate with members of the Board of Directors, it
is the policy of the Board of Directors to encourage, but not require, the members of the Board to attend such meetings.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PROPOSAL 1: ELECTION OF DIRECTORS</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Our Amended and Restated Certificate of Incorporation provides that
the number of directors constituting the Board of Directors shall not be fewer than three nor more than 15, with the exact number
to be fixed by a resolution adopted by the affirmative vote of a majority of the Board. The Board of Directors has fixed the number
of directors at nine. The term of office of each director is one year, commencing at this annual meeting and ending at the annual
meeting of shareholders to be held in 2014. Each director elected will continue in office until he resigns or until a successor
has been elected and qualified. Stockholders cannot vote or submit proxies for a greater number of persons than the nine nominees
named in this Proposal One.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Each of the nominees named below is at present a director of the
Company and has consented to serve if elected. If any nominee should be unable to serve or will not serve for any reason, the persons
designated on the accompanying form of proxy will vote in accordance with their judgment. We know of no reason why the nominees
would not be able to serve if elected.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The following is a brief account of the business experience during
the past five years of each of the Company&rsquo;s directors and executive officers, including principal occupations and employment
during that period and the name and principal business of any corporation or other organization in which such occupation and employment
was carried on.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 44%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-decoration: underline; text-align: center">Name</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-decoration: underline; text-align: center">Age</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>Principal Occupation and Position with
        the<br>
Company</U></B></P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>Director<br>
Since</U></B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Michael Weinstein</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">69</TD>
    <TD>&nbsp;</TD>
    <TD>Chairman of the Board and Chief Executive Officer of the Company</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">1983</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Vincent Pascal</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">69</TD>
    <TD>&nbsp;</TD>
    <TD>Senior Vice President of the Company</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">1985</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Paul Gordon</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">61</TD>
    <TD>&nbsp;</TD>
    <TD>Senior Vice President of the Company</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">1996</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Robert Stewart</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">56</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Financial Officer and Treasurer of the Company</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Marcia Allen</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">62</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Executive Officer, Allen &amp; Associates</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2003</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Bruce R. Lewin</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">65</TD>
    <TD>&nbsp;</TD>
    <TD>Chairman and President, Continental Hosts, Ltd.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Steven Shulman</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">71</TD>
    <TD>&nbsp;</TD>
    <TD>Managing Director, Hampton Group Inc.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2003</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Arthur Stainman</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">70</TD>
    <TD>&nbsp;</TD>
    <TD>Senior Managing Director, First Manhattan Co.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2004</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Stephen Novick</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">72</TD>
    <TD>&nbsp;</TD>
    <TD>Senior Advisor, Andrea and Charles Bronfman Philanthropies</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2005</TD></TR>
</TABLE>



<P align="center" STYLE="font: 10pt Times New Roman, Times, Serif"><BR>
8</P>
<hr noshade size=4>
<P align="left" style="page-break-before:always"></P><PAGE>


<br>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Biographical Information</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Michael
Weinstein </B></I>has been our Chief Executive Officer and a director since our inception in January 1983, was elected Chairman
in 2004 and was President of the Company from January 1983 to September 2007. Mr. Weinstein is also the President of each of our
subsidiaries. Mr. Weinstein is an officer, director and 29.67% shareholder of RSWB Corp. and a director and 28% owner of BSWR Corp.
(since 1998). Mr. Weinstein is also the owner of 30.67% of the membership interests in New Docks LLC. Collectively, these companies
operate three restaurants in New York City, and none of these companies is a parent, subsidiary or other affiliate of us. Mr. Weinstein
spends substantially all of his business time on Company-related matters.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9;&nbsp;<B>Vincent
Pascal</B></I> has been employed by us since 1983 and was elected Vice President, Assistant Secretary and a director in 1985. Mr.
Pascal became a Senior Vice President in 2001 and Chief Operating Officer in 2011.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9;<B>Paul
Gordon</B></I> has been employed by us since 1983 and was elected as a director in November 1996 and a Senior Vice President in
April 2001. Mr. Gordon is the manager of our Las Vegas operations, and is a Senior Vice President of each of the Company&rsquo;s
Las Vegas, Nevada subsidiaries. Prior to assuming that role in 1996, Mr. Gordon was the manager of the Company&rsquo;s operations
in Washington, D.C. commencing in 1989.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9;<B>Paul
Robert Stewart </B></I>has been employed
by us since June 2002, was elected Chief Financial Officer effective as of June 24, 2002 and was elected to the Board of Directors
in March 2012. For the three years prior to joining us, Mr. Stewart was a Chief Financial Officer and Executive Vice President
at Fortis Capital Holdings. For eleven years prior to joining Fortis Capital Holdings, Mr. Stewart held senior financial and audit
positions in Skandinaviska Enskilda Banken in their New York, London and Stockholm offices.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Marcia
Allen</B></I> was elected a director of the Company in 2003. For the past five years, Ms. Allen has been the Chief Executive Officer
of Allen &amp; Associates Inc., a business and acquisition consulting firm. Also, from December 2001 to August 2002 Ms. Allen served
as President and a member of the board of directors of Accesspoint Inc.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Bruce
R. Lewin</B></I> was elected a director of the Company in February 2000. Mr. Lewin has been the President and a director of Continental
Hosts, Ltd since August 2001. He was also a founder and board member of Fuze Beverage, LLC. Mr. Lewin was formerly a director of
the Bank of Great Neck (in New York), and a former director of the New York City Chapter of the New York State Restaurant Association.
He has been owner and President of Bruce R. Lewin Fine Art since 1985.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Steven
Shulman</B></I> was elected a director of the Company in December 2003. During the past five years, Mr. Shulman has been the managing
director of Hampton Group, a company engaged in the business of making private investments. Mr. Shulman also serves as a director
of various private companies.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Arthur
Stainman</B></I> was elected a director of the Company in 2004. Mr. Stainman is a senior managing director of First Manhattan Co.
of New York City, a money management firm, and has over twenty years experience managing money for high net worth individuals.
Mr. Stainman is a Trustee of Rider University and sits on the board of several New York based non-profits.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Stephen
Novick</B></I> was elected a director of the Company in 2005. Mr. Novick serves as Senior Advisor for the Andrea and Charles Bronfman
Philanthropies, a private family foundation. From 1990 to 2004, Mr. Novick served as Chief Creative Officer of Grey Global Group,
an advertising agency. Mr. Novick continues to serve as a consultant for Grey Global Group. He also serves as a member of the Board
of Directors of Toll Brothers, Inc.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>THE BOARD OF DIRECTORS RECOMMENDS A VOTE
&ldquo;FOR&rdquo; THE ELECTION OF EACH NAMED NOMINEE.</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PROPOSAL 2: </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>RATIFICATION OF APPOINTMENT OF INDEPENDENT
AUDITORS</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Audit Committee has recommended, and the Board of Directors
has approved, the appointment of Cohn, an independent registered public accounting firm, to audit our financial statements for
the 2013 fiscal year. A representative of Cohn is expected to </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



<P align="center" STYLE="font: 10pt Times New Roman, Times, Serif">9</P>
<hr noshade size=4>
<P align="left" style="page-break-before:always"></P><PAGE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">attend the Meeting
  and will have an opportunity to make a statement if he or she so desires. He
  or she will also be available to respond to appropriate questions from our
  shareholders. For additional information regarding our relationship with Cohn,
  please see the &ldquo;Audit Committee Report&rdquo; below.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Although it is not required to submit this proposal to the shareholders
for approval, the Board believes it is desirable that an expression of shareholder opinion be solicited and presents the selection
of the independent registered public accounting firm to the shareholders for ratification. If the selection of Cohn is not ratified
by shareholders, the Board of Directors will take that into consideration but does not intend to engage another firm. Even if the
selection of Cohn is ratified by the shareholders, the Audit Committee in its discretion could decide to terminate the engagement
of Cohn and engage another firm if the committee determines that this is necessary or desirable.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>THE BOARD RECOMMENDS THAT YOU VOTE &ldquo;FOR&rdquo;
RATIFICATION OF THE APPOINTMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><B>OF COHN REZNICK LLP AS
INDEPENDENT AUDITORS FOR THE COMPANY.</B></P>


<P align="center" STYLE="font: 10pt Times New Roman, Times, Serif"><BR>
10</P>
<hr noshade size=4>
<P align="left" style="page-break-before:always"></P><PAGE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AUDIT COMMITTEE REPORT</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The following report is not deemed to be &ldquo;soliciting material&rdquo;
or to be &ldquo;filed&rdquo; with the SEC or subject to the SEC&rsquo;s proxy rules or to the liabilities of Section 18 of the
1934 Act and the report shall not be deemed to be incorporated by reference into any prior or subsequent filing by the Company
under the Securities Act of 1933 or the 1934 Act.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Audit Committee evidenced its completion of and compliance with
the duties and responsibilities set forth in the adopted Audit Committee Charter through a formal written report dated and executed
as of December 18, 2012. A copy of that report is set forth below.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">December 18, 2012</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Board of Directors</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.1in">Ark Restaurants Corp.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Fellow Directors:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The primary purpose of the Audit Committee is to assist the Board
of Directors in its general oversight of the Corporation&rsquo;s financial reporting process. The Audit Committee conducted its
oversight activities for Ark Restaurants Corp. and subsidiaries (&ldquo;Ark&rdquo;) in accordance with the duties and responsibilities
outlined in the audit committee charter. The Audit Committee annually reviews the NASDAQ standard of independence for audit committees
and its most recent review determined that the committee meets that standard.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Ark management
  is responsible for the preparation, consistency, integrity and fair presentation
  of the financial statements, accounting and financial reporting principles,
  systems of internal control, and procedures designed to ensure compliance with
  accounting standards, applicable laws, and regulations. The Corporation&rsquo;s
  independent auditors, Cohn Reznick LLP, are responsible for performing an independent
  audit of the financial statements and expressing an opinion on the conformity
  of those financial statements with accounting principles generally accepted
  in the Unites States of America.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Audit Committee, with the assistance and support of the Chief
Financial Officer of Ark, has fulfilled its objectives, duties and responsibilities as stipulated in the audit committee charter
and has provided adequate and appropriate independent oversight and monitoring of Ark&rsquo;s systems of internal control for the
fiscal year ended September 29, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">These activities included, but were not limited to, the following
significant accomplishments during the fiscal year ended September 29, 2012:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reviewed
and discussed the audited financial statements with management and the external auditors.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Received
written disclosures and letter from the external auditors required by Independence Standards Board Standard No. 1, and discussed
with the auditors their independence.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">In reliance on the Committee&rsquo;s review and discussions of the
matters referred to above, the Audit Committee recommends the audited financial statements be included in Ark&rsquo;s Annual Report
on Form 10-K for the fiscal year ended September 29, 2012, for filing with the Securities and Exchange Commission.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Respectfully submitted,</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Ark Restaurants Corp. Audit Committee</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Bruce R. Lewin, Arthur Stainman and Marcia Allen</P>

<P align="center" STYLE="font: 10pt Times New Roman, Times, Serif">11</P>
<hr noshade size=4>
<P align="left" style="page-break-before:always"></P><PAGE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">During fiscal 2011 and 2012, Cohn served as our independent auditors.
The following table presents fees for professional audit services rendered by Cohn for the audit of our annual financial statements
for the years ended October 1, 2011, and September 29, 2012, and fees for other services rendered by Cohn during those periods.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 81%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2012</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">2011</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #E6E6E6">
    <TD>Audit Fees</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$220,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$223,500</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Audit Related Fees</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;&nbsp; 23,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">50,000</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #E6E6E6">
    <TD>Tax Fees</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">__</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">116,019</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>All Other Fees</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,991</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;&nbsp;&nbsp; 5,140</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #E6E6E6">
    <TD>Total</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">249,491</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">394,659</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<br>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Audit
Fees.</B></I> Annual audit fees relate to services rendered in connection with the audit of our consolidated annual financial statements
and the quarterly reviews of financial statements included in our Forms 10-Q.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Audit
Related Fees.</B></I> Audit related services include fees for SEC registration statement services, benefit plan audits, consultation
on accounting standards or transactions, statutory audits, business acquisitions, and assessment of risk management controls in
connection with the implementation of Section 404 of the Sarbanes-Oxley Act of 2002.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Tax
Fees.</B></I> Tax services include fees for tax compliance, tax advice and tax planning.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>All
Other Fees</B></I>: Includes other fees or expenses billed for other services not described above rendered to the Company by Cohn
during fiscal year 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Audit Committee considers whether the provision of these services
is compatible with maintaining the auditor&rsquo;s independence, and has determined such services for fiscal 2011and 2012 were
compatible.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We have been advised by Cohn that neither the firm, nor any member
of the firm, has any financial interest, direct or indirect, in any capacity in the Company or its subsidiaries.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Policy on Audit Committee Pre-Approval of Audit and Non-Audit
Services of Independent Auditor</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Audit Committee is responsible for appointing, setting compensation
and overseeing the work of the independent auditor. The Audit Committee has established a policy regarding pre-approval of all
audit and non-audit services provided by the independent auditor, as follows: on an ongoing basis, management communicates specific
projects and categories of service for which the advance approval of the Audit Committee is requested, and the Audit Committee
reviews these requests and advises management if the Committee approves the engagement of the independent auditor. On a periodic
basis, management reports to the Audit Committee regarding the actual spending for such projects and services compared to the approved
amounts. All audit-related fees, tax fees and all other fees were approved by the Audit Committee. The projects and categories
of service are as follows:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Audit</B></I>&mdash;Annual
audit fees relate to services rendered in connection with the audit of our consolidated financial statements and the quarterly
reviews of financial statements included in our Forms 10-Q.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Audit
Related Services</B></I>&mdash;Audit related services include fees for SEC registration statement services, benefit plan audits,
consultation on accounting standards or transactions, statutory audits, and business acquisitions.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Tax</B></I>&mdash;Tax
services include fees for tax compliance, tax advice and tax planning.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>All
Other</B></I>&mdash;fees for all other services provided by Cohn.</P>





<P align="center" STYLE="font: 10pt Times New Roman, Times, Serif"><BR>
12</P>
<hr noshade size=4>
<P align="left" style="page-break-before:always"></P><PAGE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EXECUTIVE COMPENSATION</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The following table shows information concerning all compensation
paid for services to the Company in all capacities during the fiscal years ended October 1, 2011 and September 29, 2012, as to
the Chief Executive Officer (its &ldquo;principal executive officer&rdquo; or &ldquo;PEO&rdquo;), each of the other two most highly
compensated executive officers of the Company who served in such capacity at the end of the last two fiscal years (the &ldquo;Named
Executive Officers&rdquo; or &ldquo;NEOs&rdquo;):</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SUMMARY COMPENSATION TABLE </B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 26%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 3%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 5%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; font-weight: bold; text-align: center">Name&nbsp;and&nbsp;Principal <br>
    Position(s)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-style: italic; font-weight: bold; text-align: center">Year</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>Salary<br>
($)</I></B></P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>Bonus<br>
($)</I></B></P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>Option<br>
Award(s)<br>
($)</I></B></P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>All Other<br>
Compensation<br>
($)</I></B></P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>Total<br>
($)</I></B></P></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD>&nbsp;</TD>
    <TD>
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #E6E6E6">
    <TD>Michael Weinstein</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2012</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">$948,320</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$50,000</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$69,390</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">$1,067,710</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #E6E6E6">
    <TD>Chief Executive Officer</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2011</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">$905,210</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$24,000</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">$&nbsp;&nbsp; 929,210</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Vincent Pascal</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2012</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">$417,518</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$30,000</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$50,115</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">$497,633</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Senior Vice President</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">2011</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">$400,348</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">$24,000</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">$424,348</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Chief Operating Officer</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="background-color: #E6E6E6">
    <TD STYLE="vertical-align: bottom">Paul Gordon</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">2012</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">$326,848</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">$30,000</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">$50,115</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">96,372</TD>
    <TD STYLE="vertical-align: super">(1)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">$503,335</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="background-color: #E6E6E6">
    <TD STYLE="vertical-align: bottom">Senior Vice President</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">2011</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">$313,407</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">$24,000</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">91,153</TD>
    <TD STYLE="vertical-align: super">(1)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">$428,560</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1% of operating profits of the Las Vegas operations as commissions.</TD></TR>
</TABLE>


<P align="center" STYLE="font: 10pt Times New Roman, Times, Serif"><BR>
13</P>
<hr noshade size=4>
<P align="left" style="page-break-before:always"></P><PAGE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END
</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The following table provides information on the holdings of stock
options by the CEO and NEOs as of September 29, 2012.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 4%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 5%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: right">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="9" STYLE="font-weight: bold; text-align: center">Option Awards</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center">(a)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">(b)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">(c)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">(e)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">(f)</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">Name</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Number of<br>
Securities<br>
Underlying<br>
Unexercised<br>
Options (#)<br>
Exercisable</B></P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Number of<br>
Securities<br>
Underlying<br>
Unexercised<br>
Options (#)<br>
Unexercisable</B></P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Option<br>
Exercise<br>
Price ($)</B></P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Option<br>
Expiration<br>
Date</B></P></TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD>
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: #E6E6E6">
    <TD>Michael Weinstein</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12,500</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">$29.60</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">12/21/14</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: #E6E6E6">
    <TD>Chief Executive Officer</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">25,000</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">$32.15</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">12/18/16</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: #E6E6E6">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">27,000</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">$12.04</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">05/06/19</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: #E6E6E6">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">27,000</TD>
    <TD STYLE="font-size: 8pt">(1)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">$14.40</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">06/12/22</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD>Vincent Pascal</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">17,500</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">$29.60</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">12/21/14</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD>Senior Vice President</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">10,000</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">$32.15</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">12/18/16</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD>Chief Operating Officer</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">19,500</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">$12.04</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">05/06/19</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">19,500</TD>
    <TD STYLE="font-size: 8pt">(1)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">$14.40</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">06/12/22</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: #E6E6E6">
    <TD>Paul Gordon</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">17,500</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">$29.60</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">12/20/14</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: #E6E6E6">
    <TD>Senior Vice President</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">10,000</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">$32.15</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">12/18/16</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: #E6E6E6">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">19,500</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">$12.04</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">05/06/19</TD>
    </TR>
<TR STYLE="vertical-align: bottom; background-color: #E6E6E6">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">19,500</TD>
    <TD STYLE="font-size: 8pt">(1)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">$14.40</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">06/12/22</TD>
    </TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 92%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.5in; text-indent: -0.25in"><FONT STYLE="font-size: 8pt; color: black">(1)</FONT><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT STYLE="font-size: 8pt"> </FONT><FONT STYLE="font-size: 7.5pt">Each of these options shall vest as follows: (i) 50% on June 12, 2013, and (ii) 50% on June 12, 2014.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DIRECTOR COMPENSATION</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Company uses cash compensation and equity-based incentive compensation
to attract and retain qualified candidates to serve as directors. In setting director compensation, the Company considers the significant
amount of time that directors expend in fulfilling their duties to the Company as well as the skill level required by the Company
of directors.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Compensation Paid to Directors in 2012</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">In fiscal 2012, the Company paid a fee of $23,624 to each director
who was not an officer of the Company. Directors who are also full-time employees of the Company did not receive any director fees.
In addition, the independent director who serves as chairman of the Audit Committee of the Board receives an annual retainer fee
of $15,000. The independent directors who serve on the Audit, Compensation and Nominating and Corporate Governance Committees,
respectively, including the chairman of the Audit Committee, receive $1,050 for each meeting that they attended. Each member of
the Board receives an additional $1,200 for each Board meeting that they attended in excess of one per quarter, plus an additional
$1,200 if such additional Board meeting attended exceeds four hours. The Company reimburses directors for out-of-pocket expenses
incurred in connection with attending Board of Director and committee meetings.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P align="center" STYLE="font: 10pt Times New Roman, Times, Serif">14</P>
<hr noshade size=4>
<P align="left" style="page-break-before:always"></P><PAGE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Director Compensation Table</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The following table summarizes the compensation earned by or paid
to the Company&rsquo;s non-employee directors from the Company for the year ended September 29, 2012.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><br>
</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 46%; font-weight: bold">Name</TD>
    <TD STYLE="width: 3%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 12%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Fees Earned<br>
or Paid<br>
in Cash ($)</B></P></TD>
    <TD STYLE="width: 7%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 12%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Option<br>
Awards ($)</B></P></TD>
    <TD STYLE="width: 7%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 12%; font-weight: bold; text-align: center">Total</TD>
    <TD STYLE="width: 1%; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: #E6E6E6">
    <TD STYLE="vertical-align: bottom">Bruce R. Lewin</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">$46,406</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">$12,850</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top">$59,256</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">Steven Shulman</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">$29,006</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">$12,850</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top">$41,856</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="background-color: #E6E6E6">
    <TD STYLE="vertical-align: bottom">Marcia Allen</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">$33,806</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">$12,850</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top">$46,656</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">Arthur Stainman</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">$35,006</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">$12,850</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top">$47,856</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="background-color: #E6E6E6">
    <TD STYLE="vertical-align: bottom">Stephen Novick</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">$26,606</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">$12,850</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top">$39,456</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 92%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>1.</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Each director has 5,000 currently exercisable options at an exercise
        price of $32.15 per share and 3,500 currently exercisable options at an exercise price of $12.04 per share. In addition each director
        has 5,000 currently unexercisable options at an exercise price of $14.40 per share.</P></TD></TR>
</TABLE>
<br>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>STOCK OWNERSHIP INFORMATION</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Security Ownership of Certain Beneficial Owners and Management</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The following table sets forth certain information as of January
28, 2013, with respect to the beneficial ownership of shares of our common stock owned by:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 92%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD>Each of our directors, our CEO and the other NEOs;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD>All directors and executive officers as a group;&nbsp;and</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD>Each person or entity who is known to us to be the beneficial owner of more than 5% of our common stock.</TD></TR>
</TABLE>
<br>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">As of January 28, 2013, our outstanding equity securities consisted
of 3,244,845 shares of common stock. The number of shares beneficially owned by each stockholder is determined under rules promulgated
by the SEC and generally includes voting or investment power over the shares. The information does not necessarily indicate beneficial
ownership for any other purpose. Under Securities and Exchange Commission (the &ldquo;SEC&rdquo;) rules, the number of shares of
common stock deemed outstanding includes shares issuable upon the conversion of other securities, as well as the exercise of options
or the settlement of restricted stock units held by the respective person or group that may be exercised or settled on or within
60&nbsp;days of January 28, 2013. For purposes of calculating each person&rsquo;s or group&rsquo;s percentage ownership, shares
of common stock issuable pursuant to stock options and restricted stock units that may be exercised or settled on or within 60&nbsp;days
of January 28, 2013 are included as outstanding and beneficially owned by that person or group but are not treated as outstanding
for the purpose of computing the percentage ownership of any other person or group.</P>


<P align="center" STYLE="font: 10pt Times New Roman, Times, Serif"><BR>
15</P>
<hr noshade size=4>
<P align="left" style="page-break-before:always"></P><PAGE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="9%" STYLE="text-align: right">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="3%" STYLE="text-align: right">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Name and Address<br>
of Beneficial Owner</B></P></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Amount and Nature<br>
of<br>
Beneficial Ownership(1)</B></P></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">Percent of Class</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">Michael Weinstein</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,116,618</TD>
    <TD>(2)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">33.74</TD>
    <TD>%</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 27.5pt; text-indent: -8.8pt">85 Fifth Avenue</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 27.5pt; text-indent: -8.8pt">New York, New York 10003</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">Bruce R. Lewin</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">292,681</TD>
    <TD>(3)(5)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9.00</TD>
    <TD>%</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 27.5pt; text-indent: -8.8pt">1329A North Avenue</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 27.5pt; text-indent: -8.8pt">New Rochelle, New York 10804</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">Vincent Pascal</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">84,108</TD>
    <TD>(4)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2.56</TD>
    <TD>%</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 27.5pt; text-indent: -8.8pt">85 Fifth Avenue</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 27.5pt; text-indent: -8.8pt">New York, New York 10003</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">Steven Shulman</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">17,800</TD>
    <TD>(5)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">Less than 1</TD>
    <TD>%</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 27.5pt; text-indent: -8.8pt">P.O. Box 52</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 27.5pt; text-indent: -8.8pt">Rye Beach, NH 03871</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">Marcia Allen</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,500</TD>
    <TD>(5)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">Less than 1</TD>
    <TD>%</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 27.5pt; text-indent: -8.8pt">1112 Montana Avenue, #284</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 27.5pt; text-indent: -8.8pt">Santa Monica, CA 90403</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">Loeb Partners Corporation</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">176,790</TD>
    <TD>(6)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5.45</TD>
    <TD>%</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 27.5pt; text-indent: -8.8pt">61 Broadway</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 27.5pt; text-indent: -8.8pt">New York, New York 10006</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">Paul Gordon</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">47,000</TD>
    <TD>(4)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1.43</TD>
    <TD>%</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 27.5pt; text-indent: -8.8pt">85 Fifth Avenue</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 27.5pt; text-indent: -8.8pt">New York, New York 10003</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">Robert Stewart</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">48,800</TD>
    <TD>(4)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1.48</TD>
    <TD>%</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 27.5pt; text-indent: -8.8pt">85 Fifth Avenue</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 27.5pt; text-indent: -8.8pt">New York, New York 10003</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">Arthur Stainman</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">66,950</TD>
    <TD>(5)(7)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2.06</TD>
    <TD>%</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 27.5pt; text-indent: -8.8pt"><FONT STYLE="color: black">320 East 72<SUP>nd</SUP> Street</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 27.5pt; text-indent: -8.8pt">New York, New York 10021</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">FMR LLC</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">300,000</TD>
    <TD>(8)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9.25</TD>
    <TD>%</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 27.5pt; text-indent: -8.8pt">82 Devonshire Street</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 27.5pt; text-indent: -8.8pt">Boston, MA 02109</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">Stephen Novick</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,500</TD>
    <TD>(5)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">Less than 1</TD>
    <TD>%</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 27.5pt; text-indent: -8.8pt"><FONT STYLE="color: black">110 East 59<SUP>th</SUP> Street</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 27.5pt; text-indent: -8.8pt">New York, New York 10022</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">All directors and officers as a group (ten persons)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,690,957</TD>
    <TD>(9)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: black">48.41</FONT></TD>
    <TD>%</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD width="10%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD COLSPAN="8">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">
<DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV></TD>
    <TD COLSPAN="8">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> 16</P>




<hr noshade size=4>
<P align="left" style="page-break-before:always"></P><PAGE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>(1)</TD>
    <TD COLSPAN="9">Except to the extent otherwise indicated, to the best of
      the Company&rsquo;s knowledge, each of the indicated persons exercises
      sole voting and investment power with respect to all shares beneficially
      owned by him.</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="9">&nbsp;</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD>(2)</TD>
    <TD COLSPAN="9">Includes 3,649 shares owned by The Weinstein Foundation,
      a private foundation of which Mr. Weinstein acts as trustee and as to which
      shares Mr. Weinstein has shared investment and shared voting power, an
      aggregate of 2,400 shares owned by Mr. Weinstein&rsquo;s minor children
      and 64,500 shares issuable pursuant to stock options exercisable within
      60 days after the date of this Proxy Statement.</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="9">&nbsp;</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD>(3)</TD>
    <TD COLSPAN="9">Includes 1,500 shares owned by Mr. Lewin in his Individual
      Retirement Account (&ldquo;IRA&rdquo;).</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="9">&nbsp;</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD>(4)</TD>
    <TD COLSPAN="9">Includes 47,000 shares issuable pursuant to stock options
      exercisable within 60 days after the date of this Proxy Statement.</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="9">&nbsp;</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD>(5)</TD>
    <TD COLSPAN="9">Includes 8,500 shares issuable pursuant to stock options
      exercisable within 60 days after the date of this Proxy Statement.</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="9">&nbsp;</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD>(6)</TD>
    <TD COLSPAN="9">Based upon information set forth in Schedule 13D/A filed
      by Loeb Partners Corporation (&ldquo;LPC&rdquo;) with the SEC on or about
      November 11, 2008. Loeb Arbitrage Management LLC (&ldquo;LAM&rdquo;) is
      the general partner of Loeb Arbitrage Fund (&ldquo;LAF&rdquo;). LAM is
      the investment manager of Loeb Arbitrage B Fund LP (&ldquo;LAFB&rdquo;).
      The President and Chief Operating Officer of the general partner is Robert
      E. Enslein, Jr. The other officers of LAM are Thomas L. Kempner, Chairman
      of the Board, Gideon J. King, Chief Executive Officer, Michael S. Emanuel,
      Senior Vice President and Secretary and David S. Hampson, Chief Financial
      Officer. Thomas L. Kempner is the President, Chief Executive Officer and
      a director of LPC. Loeb Holding Corporation (&ldquo;LHC&rdquo;) is the
      sole stockholder of LAM and LPC. Thomas L. Kempner is its President and
      a director as well as its Chief Executive Officer and majority stockholder
      and Bruce L. Lev, Norman N. Mintz and Peter A. Tcherepnine are also directors
      of LHC. Loeb Offshore Management, LLC (&ldquo;LOM&rdquo;), a wholly-owned
      subsidiary of LHC, is the investment adviser of Loeb Offshore Fund, Ltd.,
      (&ldquo;LOF&rdquo;) and Loeb Offshore B Fund Ltd. (&ldquo;LOFB&rdquo;).
      Gideon J. King and Thomas L. Kempner are Directors of LOF and LOFB and
      Managers of LOM. LAM is general partner of Loeb Marathon Fund (&ldquo;LMF&rdquo;)
      and investment adviser of Loeb Marathon Offshore Fund Ltd. (&ldquo;LMOF&rdquo;).
      As of November 11, 2008, LAF beneficially owned 59,378 shares, LPC beneficially
      owned 36,870 shares (including shares purchased for the accounts of customers
      of LPC as to which LPC has investment discretion), LOF beneficially owned
      14,534 shares, LMF beneficially owned 21,573 shares, LMOF beneficially
      owned 14,486 shares, LAFB beneficially owned 21,727 shares, and LOFB beneficially
      owned 8,222 shares. The above-referenced shareholders may, therefore, be
      deemed the beneficial owner of 176,790 shares, or 5.06% of the Company&rsquo;s
      outstanding Common Stock.</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="9">&nbsp;</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD>(7)</TD>
    <TD COLSPAN="9">Includes 31,150 shares owned by Mr. Stainman&rsquo;s spouse
      and 9,200 shares held by investment advisory clients of First Manhattan
      Co. (&ldquo;FMC&rdquo;), as to which FMC and Mr. Stainman, in his capacity
      as Managing Member of First Manhattan LLC, the sole general partner of
      FMC, share dispositive and voting power.</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="9">&nbsp;</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD>(8)</TD>
    <TD COLSPAN="9">Based upon information set forth on Schedule 13G filed by
      FMR LLC (&ldquo;FMR&rdquo;) with the SEC on or about February 13, 2012.
      Fidelity Management &amp; Research Company (&ldquo;Fidelity&rdquo;), a
      wholly-owned subsidiary of FMR and an investment adviser registered under
      Section 203 of the Investment Advisers Act of 1940, is the beneficial owner
      of 300,000 shares of our common stock as a result of acting as investment
      adviser to various investment companies registered under Section 8 of the
      Investment Company Act of 1940. The ownership of one investment company,
      Fidelity Low Priced Stock Fund, amounted to 300,000 shares of our common
      stock. Edward C. Johnson 3d and FMR, through its control of Fidelity, and
      the funds each has sole power to dispose of the 300,000 shares owned by
      the funds. Members of the family of Edward C. Johnson 3d, Chairman of FMR,
      are the predominant owners, directly or through trusts, of Series B voting
      common shares of FMR representing 49% of the voting power of FMR. The Johnson
      family group and all other Series B shareholders have entered into a shareholders&rsquo; voting
      agreement under which all Series B voting common shares will be voted in
      accordance with the majority vote of Series B voting common shares. Accordingly,
      through their ownership of voting common shares and the execution of the
      shareholders&rsquo; voting agreement, members of the Johnson family may
      be deemed, under the Investment Company Act of 1940, to form a controlling
      group with</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="9">respect to FMR. Neither FMR nor Edward C. Johnson 3d has
      the sole power to vote or direct the voting of the shares owned directly
      by the Fidelity funds, which power resides with the funds&rsquo; Boards
      of Trustees. Fidelity carries out the voting of the shares under written
      guidelines established by the funds&rsquo; Boards of Trustees.</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="9">&nbsp;</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD>(9`)</TD>
    <TD COLSPAN="9">Includes 248,000 shares issuable pursuant to stock options
      exercisable within 60 days after the date of this Proxy Statement.</TD>
  </TR>
  <TR>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 33%">&nbsp;</TD>
    <TD STYLE="width: 18%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
  </TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>



<P align="center" STYLE="font: 10pt Times New Roman, Times, Serif"><BR>
17</P>
<hr noshade size=4>
<P align="left" style="page-break-before:always"></P><PAGE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING
  COMPLIANCE </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Section 16(a) of the Exchange Act requires the Company&rsquo;s officers
and directors, and persons who own more than ten percent of a registered class of the Company&rsquo;s equity securities to file
reports of ownership and changes in ownership on Forms 3, 4 and 5 with the SEC and the NASDAQ Global Market. Officers, directors
and greater than ten percent shareholders are required by the Commission&rsquo;s regulations to furnish the Company with copies
of all Forms 3, 4 and 5 they file.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Based solely on the Company&rsquo;s review of the copies of such
forms it has received, the Company believes that all of its officers, directors and greater than ten percent beneficial owners
complied with all filing requirements applicable to them with respect to transactions during fiscal 2012, except for a late Form
5 filing which was filed for Stephen Novick and Form 5 filings which have not yet been filed for Arthur Stainman and Marcia Allen.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CERTAIN RELATIONSHIPS AND RELATED PERSON
TRANSACTIONS </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The following section sets forth certain required information regarding
transactions or proposed transactions between the Company and certain related persons for the last two completed fiscal years.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Effective December 31, 2011, Robert Towers,
the President, Chief Operating Officer, Treasurer and a Director of the Company announced his intention to retire. The Company
and Mr. Towers entered into a Termination and Consulting Agreement (the &ldquo;Agreement&rdquo;) which is filed as an exhibit to
the Company&rsquo;s Form 8-K filed on January 6, 2012. All options held by Mr. Towers will be fully vested and may be exercised
until their dates of expiration. Mr. Towers elected to receive a lump sum severance payment of $400,000 equal to his last year&rsquo;s
salary, in satisfaction of all obligations of the Company, other than as set forth in the Agreement, and in exchange for his covenants
in the Agreement. <B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company agreed to forgive an aggregate
of $67,778.13 of indebtedness owed by Mr. Towers to the Company in connection with his receipt of stock options and certain other
executive loans. The Company agreed to cover Mr. Towers and his wife under the Company&rsquo;s medical, dental, prescription drugs
and supplemental executive health reimbursement program for a period of three years ending December 31, 2014, up to a maximum of
$25,000 per year, except if Mr. Towers obtains other employment which provides for medical benefits. The parties released each
other from any claims and the Company shall indemnify Mr.&nbsp;Towers from any claims made.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company made loans to Robert Towers, President,
Chief Operating Officer, and Treasurer of the Company. During fiscal 2011, the largest amount of indebtedness outstanding at any
one time with respect to these loans to Mr. Towers was $113,000. At January 25, 2011, Mr. Towers was indebted to the Company in
the amount of $29,000 with respect to the loans made to him in connection with the exercise of stock options and $37,000 with respect
to certain other executive loans. The loans made to him in connection with the exercise of stock options were repayable on demand
and bore interest at prime plus one-half percent. The other executive loans were payable on demand and bore interest at the minimum
statutory rate.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Other than as noted above, none of the directors,
executive officers or any member of the immediate family of any director or executive officer are indebted to us.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 9, 2011, the Company closed the
Securities Purchase Agreement with the Estate of Irving Hershkowitz, a holder of greater than 5% of the Company&rsquo;s outstanding
Common Stock, pursuant to which the Company purchased 250,000 shares of Common Stock for an aggregate purchase price of $3,125,000.
the purchase price was payable as follows: $1,000,000 in cash and a promissory note, in the principal amount of $2,125,000, bearing
interest at a rate of 0.19% per annum, and payable in twenty-four (24) equal monthly installments of $88,541.67 per month, commencing
on December&nbsp;1, 2012 and ending on November&nbsp;1, 2014.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For information on the compensation received
by our directors and executive officers of the Company during the 2010 fiscal year, and the beneficial ownership of equity securities
of the Company of such individuals, see the &ldquo;Security Ownership of Certain Beneficial Owners&rdquo; and &ldquo;Executive
Compensation&rdquo; sections.</P>

<P align="center" STYLE="font: 10pt Times New Roman, Times, Serif"><BR>
18</P>
<hr noshade size=4>
<P align="left" style="page-break-before:always"></P><PAGE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>ADDITIONAL INFORMATION</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>&ldquo;Householding&rdquo; of Proxy Materials</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The SEC has adopted rules that permit companies
and intermediaries such as brokers to satisfy delivery requirements for proxy statements and annual reports with respect to two
or more shareholders sharing the same address by delivering a single proxy statement and annual report addressed to those shareholders.
This process, which is commonly referred to as &ldquo;householding,&rdquo; potentially provides extra convenience for shareholders
and cost savings for companies. The Company and some brokers household proxy materials, delivering a single proxy statement and
annual report to multiple shareholders sharing an address unless contrary instructions have been received from the affected shareholders.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Once you have received notice from your broker
or us that each of us will be householding materials to your address, householding will continue until you are notified otherwise
or until you revoke your consent. If, at any time, you no longer wish to participate in householding and would prefer to receive
a separate proxy statement and annual report, or if you are receiving multiple copies of the proxy statement and annual report
and wish to receive only one, please notify your broker if your shares are held in a brokerage account or the Company if you hold
registered shares. You can notify us by sending a written request to Ark Restaurants Corp., Attention Treasurer, 85 Fifth Avenue,
New York, NY 10003.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Other Matters</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Board is not aware of any business to be
presented at the Meeting, other than the matters set forth in the notice of Meeting and described in this Proxy Statement. If any
other business does lawfully come before the Meeting, it is the intention of the persons named as proxies or agents in the enclosed
proxy card to vote on such other business in accordance with their judgment.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Annual Report</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This proxy solicitation material has been mailed
with the annual report to shareholders for the fiscal year ended September 29, 2012; however, it is not intended that the annual
report for fiscal year 2012 be a part of the proxy statement or this solicitation of proxies.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Shareholders are respectfully urged to complete, sign, date and
return the accompanying form of proxy in the enclosed envelope.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%">&nbsp;</TD>
    <TD STYLE="width: 55%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>ARK RESTAURANTS CORP.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By Order of the Board of Directors,</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Oona Cassidy</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-style: italic">Secretary</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>New York, New York</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>February 13, 2013</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>



<P align="center" STYLE="font: 10pt Times New Roman, Times, Serif"><BR>
19</P>
<hr noshade size=4>
<P align="left" style="page-break-before:always"></P><PAGE>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Important Notice Regarding the Availability
of Proxy Materials for the Annual Meeting of Shareholders to be held March 19, 2013.</B></P>
<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>The Proxy Statement and our 2012 Annual Report
to Shareholders are available at: http://www.cstproxy.com/arkrestaurants/2012</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 100%; font-size: 8pt">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 100%; font-size: 8pt">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 100%; font-size: 8pt">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 100%; font-size: 8pt">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; font-size: 8pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 8pt; font-weight: bold; text-align: center">&#9660;&nbsp;FOLD AND DETACH HERE AND READ THE REVERSE SIDE&nbsp;&#9660;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; font-size: 8pt; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>ARK RESTAURANTS CORP.</B></P>
<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PROXY SOLICITED BY THE BOARD OF DIRECTORS</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><B>FOR THE ANNUAL MEETING
OF SHAREHOLDERS</B></P>
<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P>
<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>March 19, 2013</B></P>
<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">THE UNDERSIGNED, revoking all previous proxies,
hereby appoints MICHAEL WEINSTEIN, ROBERT STEWART and VINCENT PASCAL, or any of them as attorneys, agents and proxies with power
of substitution, and with all powers the undersigned would possess if personally present, to vote all shares of Common Stock of
ARK RESTAURANTS CORP. (the &ldquo;Company&rdquo;) which the undersigned is entitled to vote at the Annual Meeting of Shareholders
of the Company to be held on March 19, 2013 at 10:00 A.M. local time at Bryant Park Grill, 25 West 40<SUP>th</SUP> Street, New
York, New York, and at all adjournments thereof.</P>
<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(CONTINUED AND TO BE SIGNED ON THE REVERSE
SIDE)</B></P>

<DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV>

<P align="center" STYLE="font: 10pt Times New Roman, Times, Serif"><BR>
20</P>
<hr noshade size=4>
<P align="left" style="page-break-before:always"></P><PAGE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="25" STYLE="font-size: 8pt; font-weight: bold; text-align: center">&#9660; FOLD AND DETACH HERE AND READ THE REVERSE SIDE &#9660;</TD>
    <TD COLSPAN="29" STYLE="font-size: 8pt; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="25" STYLE="border-bottom: black 1pt solid; font-size: 8pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="29" STYLE="border-bottom: black 1pt solid; font-size: 8pt; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD width="12%" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD width="3%" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD width="6%" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD width="2%" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD width="6%" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="13" STYLE="vertical-align: top">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">Please mark<br>
your vote<br>
like this</P></TD>
    <TD COLSPAN="9" STYLE="vertical-align: top; font-size: 8pt; font-weight: bold; text-align: center"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD COLSPAN="9" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-size: 8pt">1. ELECTION OF A BOARD OF NINE DIRECTORS</TD>
    <TD width="2%" STYLE="vertical-align: top; font-size: 8pt; text-align: center">&nbsp;</TD>
    <TD width="8%" STYLE="vertical-align: bottom; font-size: 8pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" align="center" nowrap STYLE="vertical-align: bottom; font-size: 8pt; text-align: center">&nbsp;&nbsp;&nbsp;FOR&nbsp;&nbsp;&nbsp; </TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">WITHHOLD</P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">AUTHORITY</P></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-size: 8pt; text-align: center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD width="1%" STYLE="vertical-align: bottom; font-size: 8pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="vertical-align: bottom; font-size: 8pt; text-align: center">&nbsp;</TD>
    <TD width="1%" STYLE="vertical-align: bottom; font-size: 8pt; text-align: center">&nbsp;</TD>
    <TD width="5%" nowrap STYLE="vertical-align: bottom; font-size: 8pt; text-align: center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;    FOR&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD COLSPAN="3" nowrap STYLE="vertical-align: bottom; font-size: 8pt; text-align: center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;    AGAINST&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD COLSPAN="3" nowrap STYLE="vertical-align: bottom; font-size: 8pt; text-align: center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;    ABSTAIN&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD COLSPAN="8" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="20">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 7.7pt; font-size: 8pt; font-weight: bold">(To withhold authority to vote for any individual nominee, strike a line through that nominee&rsquo;s name in the list below)</TD>
    <TD STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-size: 8pt; font-weight: bold; text-align: center"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font-size: 8pt; font-weight: bold; text-align: center"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 8pt">2.</TD>
    <TD COLSPAN="6" nowrap STYLE="vertical-align: top; font-size: 8pt">Ratification of the appointment of Cohn <br>
    Reznick &nbsp;LLP as independent auditors for<br>
    the 2013 fiscal year.</TD>
    <TD STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 8pt; font-weight: bold; text-align: center"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font-size: 8pt; font-weight: bold; text-align: center"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font-size: 8pt; font-weight: bold; text-align: center"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD COLSPAN="8" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="20">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 8pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font-size: 8pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font-size: 8pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="25" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    </TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 8pt">3.</TD>
    <TD COLSPAN="6" STYLE="vertical-align: top; font-size: 8pt">In their discretion, the proxies are authorized to vote upon such other business as may properly come before the meeting.</TD>
    <TD STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 8pt; font-weight: bold; text-align: center"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font-size: 8pt; font-weight: bold; text-align: center"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font-size: 8pt; font-weight: bold; text-align: center"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD colspan="26" STYLE="font-size: 8pt">&nbsp;</TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD nowrap STYLE="vertical-align: top">
      <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">01 - Michael Weinstein</P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">02 - Steven Shulman</P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">03 - Robert Stewart</P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">04 - Marcia Allen</P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">05 - Paul Gordon</P></TD>
    <TD nowrap STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
  <TD COLSPAN="4" nowrap STYLE="vertical-align: top">
      <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">06 - Bruce R. Lewin</P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">07 - Vincent Pascal</P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">08 - Arthur Stainman</P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">09 - Stephen Novick</P></TD>
    <TD STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="30" STYLE="vertical-align: top; font-size: 8pt; font-weight: bold">The shares represented by this proxy will be voted in accordance with the instructions given. If no such instructions are given, the shares represented by this proxy will be voted in favor of the: (I) election of all of the nominees for directors designated by the board of directors; (II) ratification of the appointment of Cohn Reznick LLP as independent auditors for the 2013 fiscal year; and (III) such other business as may properly come before the meeting.</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: top; border-bottom: black 1pt solid; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-bottom: black 1pt solid; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="11" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="9" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="4">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="5" STYLE="vertical-align: top; border-right: black 1pt solid; border-left: black 1pt solid; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD width="6%" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="22" STYLE="vertical-align: top; font-size: 8pt">PLEASE COMPLETE, DATE, SIGN AND MAIL THIS PROXY IN THE ENVELOPE ENCLOSED FOR THIS PURPOSE. No postage is required for mailing in the United States.</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="1%" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="11">&nbsp;</TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-left: black 1pt solid; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
  </TR>
<TR>
    <TD width="27%" STYLE="vertical-align: top; border-right: black 1pt solid; border-left: black 1pt solid; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
  </TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-left: black 1pt solid; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font-size: 8pt; font-weight: bold; text-align: center">COMPANY ID:</TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-left: black 1pt solid; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-left: black 1pt solid; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font-size: 8pt; font-weight: bold; text-align: center">PROXY NUMBER:</TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-left: black 1pt solid; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
  </TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-left: black 1pt solid; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font-size: 8pt; font-weight: bold; text-align: center">ACCOUNT NUMBER:</TD>
  </TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font-size: 8pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font-size: 8pt">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top">
  <TD COLSPAN="2" STYLE="font-size: 8pt">&nbsp;</TD>
  <TD COLSPAN="2" STYLE="font-size: 8pt">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 8pt">&nbsp;</TD>
    <TD width="20%" COLSPAN="2" STYLE="font-size: 8pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 8pt; font-weight: bold">Dated: _____________________________________, 2013 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Signature _____________________________________ Signature _____________________________________</TD>
    <TD COLSPAN="2" STYLE="font-size: 8pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 8pt; text-align: justify">Please sign exactly as your name or names appear hereon. Joint owners should each sign personally. When signing as executor, administrator, corporation, officer, attorney, agent, trustee or guardian, etc. please add your full title to your signature. If signer is a corporation, please sign n full corporate name by president and authorized officer. If a partnership or limited liability company, please sign in partnership or limited liability company name by authorized person.</TD>
    <TD COLSPAN="2" STYLE="font-size: 8pt; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD colspan="4">&nbsp;</TD>
    </TR>
</TABLE>
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 1.1pt 0 0">Created by Morningstar<SUP>&reg;</SUP> Document Research<SUP>&#8480;</SUP></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; color: blue"><U>http://documentresearch.morningstar.com</U></P>

<P align="center" STYLE="font: 10pt Times New Roman, Times, Serif"><BR>
21</P>
<hr noshade size=4>


<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
