-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 KiMy1YQTRsqD0BfW8fyUxDwibUzmWOQyYGQtrVRfc/Fjzglnxeqy2Txkz7Gl8PC0
 67YAb0VAZOoQtPjPhx2JKg==

<SEC-DOCUMENT>0000825324-10-000027.txt : 20101217
<SEC-HEADER>0000825324-10-000027.hdr.sgml : 20101217
<ACCEPTANCE-DATETIME>20101217153602
ACCESSION NUMBER:		0000825324-10-000027
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		7
CONFORMED PERIOD OF REPORT:	20101217
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Termination of a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Unregistered Sales of Equity Securities
ITEM INFORMATION:		Material Modifications to Rights of Security Holders
ITEM INFORMATION:		Changes in Control of Registrant
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Submission of Matters to a Vote of Security Holders
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20101217
DATE AS OF CHANGE:		20101217

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GOOD TIMES RESTAURANTS INC
		CENTRAL INDEX KEY:			0000825324
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				841133368
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-18590
		FILM NUMBER:		101259839

	BUSINESS ADDRESS:	
		STREET 1:		601 CORPORATE CIRCLE
		CITY:			GOLDEN
		STATE:			CO
		ZIP:			80401
		BUSINESS PHONE:		3033841400

	MAIL ADDRESS:	
		STREET 1:		601 CORPORATE CIRCLE
		CITY:			GOLDEN
		STATE:			CO
		ZIP:			80401

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PARAMOUNT VENTURES INC
		DATE OF NAME CHANGE:	19900205
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k1.htm
<TEXT>
<html>

<head>
<!-- Document Prepared With E-Services, LLC HTML Software-->
<!-- Copyright 2006 E-Services, LLC.-->
<!-- All rights reserved EDGAR2.com -->



<title>_</title>


</head>

<body lang=EN-US>

<div class=WordSection1>

<p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>

<p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>









<p class=MsoNormal align=center style='text-align:center'><b>UNITED STATES</b></p>

<p class=MsoNormal align=center style='text-align:center'><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

<p class=MsoNormal align=center style='text-align:center'><b>Washington, D.C. 20549</b></p>



<p class=MsoNormal align=center style='text-align:center'><b>FORM 8-K</b></p>



<p class=MsoNormal align=center style='text-align:center'><b>CURRENT REPORT</b></p>



<p class=MsoNormal align=center style='text-align:center'><b>Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934</b></p>



<p class=MsoNormal align=center style='text-align:center'>Date of Report (Date of earliest event reported)</p>

<p class=MsoNormal align=center style='text-align:center'>December 17, 2010</p>



<p class=MsoNormal align=center style='text-align:center'><b>Good Times Restaurants Inc.</b></p>

<p class=MsoNormal align=center style='text-align:center'>(Exact name of registrant as specified in its charter)</p>



<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>Nevada</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>000-18590</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>84-1133368</p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>(State or other jurisdiction</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>(Commission</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>(IRS Employer</p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>of incorporation)</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>File Number)</p>
  </td>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>Identification No.)</p>
  </td>
 </tr>
</table>

</div>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=638 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>601 Corporate Circle, Golden, Colorado&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  80401</p>
  </td>
 </tr>
 <tr>
  <td width=638 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>(Address of principal executive offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Zip
  Code)</p>
  </td>
 </tr>
 <tr>
  <td width=638 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=638 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>Registrant's telephone number, including area code:
  (303) 384-1400</p>

  </td>
 </tr>
 <tr>
  <td width=638 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>Not applicable</p>
  </td>
 </tr>
 <tr>
  <td width=638 valign=top style='width:6.65in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>(Former name or former address, if changed since
  last report.)</p>

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



<p class=MsoNormal>Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions (see General
Instruction A.2.):</p>



<p class=MsoNormal>[&nbsp; ] Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</p>



<p class=MsoNormal>[&nbsp; ] &nbsp;Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</p>



<p class=MsoNormal>[&nbsp; ] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))</p>



<p class=MsoNormal>[&nbsp; ] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))</p>

<p class=MsoFooter align=center style='text-align:center'>1</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>










<p class=MsoNormal><b>Item 1.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entry
into a Material Definitive Agreement.</b></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Completion of Strategic
Investment</u></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As previously
disclosed in a current report filed on November 3, 2010,&nbsp; Good Times
Restaurants Inc. (the &quot;Company&quot;) entered into a Securities Purchase Agreement
(the &quot;Purchase Agreement&quot;), dated October 29, 2010, as amended December 13,
2010, with Small Island Investments Limited, a Bermuda corporation (the
&quot;Investor&quot;), under which the Company agreed to sell, and the Investor agreed to
purchase, 4,200,000 shares (the &quot;Shares&quot;) of the Company's common stock, par
value $0.001 per share (the &quot;Common Stock&quot;), at a purchase price of $0.50 per
share, or an aggregate purchase price of $2,100,000 (the &quot;Investment
Transaction&quot;).&nbsp; Pursuant to the Purchase Agreement, the closing of the
Investment Transaction (the &quot;Closing&quot;) was subject to the receipt of
stockholder approval of the Investment Transaction and a reverse split of the
Common Stock to take effect after the Closing.&nbsp; As disclosed in Item 5.07
below, stockholder approval was obtained at a Special Meeting of Stockholders
held December 13, 2010 (the &quot;Special Meeting&quot;).</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accordingly, on
December 13, 2010, following the Special Meeting, the Company and the Investor
completed the issuance and sale of the Shares to the Investor.&nbsp; The Company
received gross proceeds of $2,100,000, which will be used to pay its interim
working capital loans, reduce the Company's current liabilities and provide
working capital for fiscal 2011 and beyond.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Registration
Rights Agreement</u></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On December 13,
2010, the Company and the Investor entered into a Registration Rights
Agreement, pursuant to which the Company granted to the Investor certain
registration rights to enable the public resale of the Shares. &nbsp;Pursuant to the
Registration Rights Agreement, the Investor has the right to require the
Company to register for resale all or a portion of the Shares within 45 days of
the Investor's written request for such registration.&nbsp; The Investor may not
request more than two such registrations under the Registration Rights
Agreement.&nbsp; In addition, the Registration Rights Agreement provides that if the
Company proposes to register for public sale shares of Common Stock (including
upon the request of a stockholder other than the Investor), then the Investor
shall have a right to include all or a portion of the Shares in such
registration.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company
agreed to pay all expenses associated with the registration of the Shares,
including the fees and expenses of counsel to the Investor.&nbsp; The Company also
agreed to indemnify the Investor, and its officers, directors, members,
investors, employees and agents, successors and assigns, and each other person,
if any, who controls the Investor within the meaning of the Securities Act of
1933, as amended (the &quot;Securities Act&quot;), against any losses, claims, damages or
liabilities, joint or several, to which they may become subject under the
Securities Act or otherwise, insofar as such losses, claims, damages or
liabilities arise out of or are based upon specified violations or failures to
comply with applicable federal and state securities laws, rules and
regulations.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A copy of the
Registration Rights Agreement dated December 13, 2010 is attached hereto as
Exhibit 10.1 and is hereby incorporated by reference.</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p class=MsoFooter>2</p>
  </td>
 </tr>
</table>

</div>

<br clear=ALL>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>










<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Amendment and
Restatement of Credit Agreement and Term Note with Wells Fargo</u></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As a condition to
the Closing of the Investment Transaction, the Company amended and restated its
credit agreement and term note with Wells Fargo Bank, N.A. (&quot;Wells Fargo&quot;) effective
as of December 13, 2010.&nbsp; Pursuant to the Amended and Restated Credit
Agreement, Wells Fargo consented to (a) the Investment Transaction, and (b) the
Company's use of a portion of the proceeds of the Investment Transaction to pay
off certain interim capital loans as described below.&nbsp; In addition, Wells Fargo
agreed to accept additional building and equipment collateral in exchange for
modifying certain financial covenants of the loan without affecting the
Company's interest rate or repayment term.&nbsp; The Company had previously been in
default of these financial covenants, although it has never been in payment
default under the loan.&nbsp; Accordingly, the execution of the Amended and Restated
Credit Agreement with Wells Fargo has allowed the Company to regain compliance with
the modified financial loan covenants.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A copy of the Amended
and Restated Credit Agreement dated December 13, 2010 is attached hereto as
Exhibit 10.2 and is hereby incorporated by reference.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A copy of the Amended
and Restated Term Note dated December 13, 2010 is attached hereto as Exhibit
10.4 and is hereby incorporated by reference.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Repayment and
Conversion of W Capital and McDonald Loans </u></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As previously
disclosed in current reports filed on February 3, 2010 and April 6, 2010, pursuant
to a loan agreement dated February 1, 2010, as amended April 1, 2010, the
Company obtained loans totaling $400,000 from W Capital, Inc. (&quot;W Capital&quot;) and
John T. McDonald (&quot;McDonald&quot;) to be used for restaurant marketing and other
working capital uses of Good Times Drive Thru Inc., the Company's wholly-owned
subsidiary (&quot;GTDT&quot;).&nbsp; The loans were evidenced by a Secured Convertible
Promissory Note dated April 1, 2010 made by the Company and GTDT, as co-makers,
and bearing interest at a rate of 12% per annum on the unpaid principal balance
through August 1, 2010 and at a rate of 14% per annum from and after August 1,
2010 until the maturity date of December 31, 2010.&nbsp; The note provided that the
outstanding principal balance and accrued interest on the loan would be
convertible into shares of Common Stock at any time prior to repayment at a
conversion price of 25% less than the average price of the Common stock during
the 20 days prior to the conversion date, but not below $0.75 per share nor
above $1.08 per share.&nbsp; However, in connection with the Investment Transaction,
the Company repaid the $400,000 principal amount due to W Capital and McDonald
and the lenders agreed to convert the accrued interest payable on the loans
into shares of Common Stock at a conversion price of $0.50 per share and
entered into an agreement with the Company to amend the conversion provisions
of the note accordingly.&nbsp; </p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A copy of the
Consent and Agreement dated as of December 13, 2010 between the Company, W
Capital and McDonald is attached hereto as Exhibit 10.3 and is hereby
incorporated by reference.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Repayment of
Golden Bridge Loan</u></p>



<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p class=MsoFooter>3</p>
  </td>
 </tr>
</table>

</div>

<br clear=ALL>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>










<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On April 20, 2009
as reported on Form 8-K, the Company entered into a loan agreement with Golden
Bridge, LLC (&quot;Golden Bridge&quot;), pursuant to which Golden Bridge made a loan of
$185,000 to GTDT to be used for restaurant marketing and other working capital
costs.&nbsp; Eric W. Reinhard, Ron Goodson, David Grissen, Richard J. Stark, and
Alan A. Teran, who were all members of the Company's Board of Directors at the
time of the transaction and stockholders of the Company, are the sole members
of Golden Bridge, and Eric W. Reinhard is the sole manager of Golden Bridge.&nbsp;
The loan was evidenced by a Promissory Note dated April 20, 2009 made by the
Company and GTDT, as co-makers, and bearing interest at a rate of 10% per annum
on the unpaid principal balance.&nbsp; The note</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p class=MsoFooter>4</p>
  </td>
 </tr>
</table>

</div>

<br clear=ALL>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>










<p class=MsoNormal>provided for monthly interest
payments and was to mature and be due and payable in full on December 31,
2010.&nbsp; The loan was repaid in full on December 13, 2010 from the proceeds of
the Investment Transaction.</p>



<p class=MsoNormal><b>Item 1.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Termination
of a Material Definitive Agreement.</b></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The disclosures
regarding the repayment and conversion of the W Capital and McDonald loans and
the repayment of the Golden Bridge loan set forth under Item 1.01 above are
hereby incorporated by reference.&nbsp; </p>

<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p>

<p class=MsoNormal>The Secured Convertible
Promissory Note dated April 1, 2010 made by the Company and GTDT, as co-makers,
payable to W Capital and McDonald, was terminated as a result of the repayment
of the outstanding principal balance of $400,000 and the conversion of accrued
interest into shares of Common Stock.&nbsp; </p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Promissory
Note dated April 20, 2009 made by the Company and GTDT, as co-makers, payable
to Golden Bridge, was terminated as a result of the repayment of the
outstanding principal balance of $185,000.</p>



<p class=MsoNormal style='margin-left:63.0pt;text-indent:-63.0pt'><b>Item 2.03&nbsp;&nbsp;&nbsp;&nbsp; Creation of a Direct Financial
Obligation or an Obligation under an Off-Balance Sheet Arrangement of
Registrant.</b></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The disclosure
regarding the amendment and restatement of the credit agreement and term note with
Wells Fargo set forth under Item 1.01 above is hereby incorporated by
reference.</p>



<p class=MsoNormal style='margin-left:63.0pt;text-indent:-63.0pt'><b>Item 3.02&nbsp;&nbsp;&nbsp;&nbsp; Unregistered Sales of Equity Securities.</b></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The disclosure
regarding the completion of the Investment Transaction as set forth under Item
1.01 above is hereby incorporated by reference.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Shares sold
to the Investor in the Investment Transaction were not registered under the
Securities Act or state securities laws, and may not be resold in the United
States in the absence of an effective registration statement filed with the
U.S. Securities and Exchange Commission (&quot;SEC&quot;) or an available exemption from
federal and state registration requirements.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In the Purchase
Agreement, the Investor represented to the Company that: (a) it is an
accredited investor, as such term is defined Rule 501 of Regulation D
promulgated under the Securities Act, (b) it acquired the Shares as principal
for its own account for investment purposes and not with a view to or for
distributing or reselling the Shares or any part thereof, and (c) it is knowledgeable,
sophisticated and experienced in making, and qualified to make, decisions with
respect to investments in securities representing an investment decision
similar to that involved in the purchase of the Shares.&nbsp; The Company has relied
on the exemption from the registration requirements of the Securities Act set
forth in Section 4(2) thereof and the rules and regulations promulgated
thereunder for the purposes of the Investment Transaction.</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p class=MsoFooter>5</p>
  </td>
 </tr>
</table>

</div>

<br clear=ALL>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>










<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As disclosed in
Item 1.01 above, in connection with the Investment Transaction, the accrued
interest payable to W Capital and McDonald was converted into 79,430 shares of
Common Stock at a conversion price of $0.50 per share.&nbsp; The Company relied on
the exemption from registration requirements of the Securities Act set forth in
Section 4(2) thereof and the rules and regulations promulgated thereunder for
the issuance of the Conversion Shares.</p>



<p class=MsoNormal><b>Item 3.03&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Material
Modification to Rights of Security Holders</b></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In connection
with the Investment Transaction, the holders of shares of Common Stock issued
upon conversion of the Company's Series B Preferred Stock in June 2006 (the
&quot;Series B Investors&quot;) agreed to waive their preemptive rights with respect to
the issuance of the Shares to the Investor.&nbsp; In addition, the Series B
Investors agreed to cancel their contractual director designation rights
granted in connection with the original issuance of the Series B Preferred
Stock.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A copy of the
Consent and Waiver dated as of December 13, 2010 by the Series B Investors is
attached hereto as Exhibit 10.5 and is hereby incorporated by reference.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Purchase
Agreement provides that for so long as the Investor holds more than 50 percent
of the Company's outstanding Common Stock, (i) the Company's Board of Directors
shall consist of seven members, and (ii) the Investor will have the right to
designate four members of the Board.&nbsp; In addition, the Investor has agreed to
vote its Shares in any election of directors in favor of one person designated
by The Bailey Company LLLP and its affiliates and one person designated by Eric
W. Reinhard.&nbsp; However, if the Bailey Group or Reinhard ceases to own at least
600,000 shares of the Company's Common Stock (adjusted for any stock splits,
reverse splits or similar capital transactions), then its respective
designation right will cease.&nbsp; The Investor has agreed to vote its Shares in
any election of directors in favor of a person, other than its designees, who
receives the majority of votes of holders of Common Stock other than the
Investor.</p>



<p class=MsoNormal><b>Item 5.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in
Control of Registrant.</b></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The disclosure
regarding the completion of the Investment Transaction as set forth under Item
1.01 above is hereby incorporated by reference.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As a result of the
Investment Transaction, the Investor became the beneficial owner of
approximately 51.4 percent of the outstanding Common Stock of the Company.&nbsp; In
addition, pursuant to the Purchase Agreement, the Investor designated four
individuals for appointment to the Company's Board of Directors effective upon
the Closing.&nbsp; The source of funds used by the Investor to purchase the Shares
was cash held in Small Island Investments Ltd.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prior to the
completion of the Investment Transaction, The Bailey Company LLLP was the
Company's largest stockholder, holding approximately 21.07 percent of the
Company's then-outstanding Common Stock.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Purchase
Agreement provides that for so long as the Investor holds more than 50 percent
of the Company's outstanding Common Stock, (i) the Company's Board of Directors
shall consist of seven members, and (ii) the Investor will have the right to
designate four members of the Board.&nbsp; In addition, the Investor has agreed to
vote its Shares in any election of directors in favor of one person designated
by the Bailey Group and one person designated by Eric W. Reinhard.&nbsp; However, if
the</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p class=MsoFooter>6</p>
  </td>
 </tr>
</table>

</div>

<br clear=ALL>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>










<p class=MsoNormal>Bailey Group or Reinhard
ceases to own at least 600,000 shares of the Company's Common Stock (adjusted
for any stock splits, reverse splits or similar capital transactions), then its
respective designation right will cease.&nbsp; The Investor has agreed to vote its
Shares in any election of directors in favor of a person, other than its
designees, who receives the majority of votes of holders of Common Stock other
than the Investor.&nbsp; In addition, pursuant to the Consent and Waiver given by
the Series B Investors as of December 13, 2010, which is discussed under Item
3.03 above, the Series B Investors have agreed to vote their shares in any election
of directors in favor of the Investor's designees.&nbsp; In addition, the Series B
Investors agreed to vote their shares in favor of the Investment Transaction,
which was approved at the Special Meeting held on December 13, 2010.</p>



<p class=MsoNormal style='margin-left:63.0pt;text-indent:-63.0pt'><b>Item 5.02&nbsp;&nbsp;&nbsp;&nbsp; Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.</b></p>



<p class=MsoNormal><u>Director Resignations</u></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effective as of
December 13, 2010, Richard J. Stark, Alan A. Teran, Ron Goodson and David Grissen
resigned as directors of the Company.&nbsp; These individuals resigned as directors
in order to fulfill a closing condition set forth in the Purchase Agreement and
not due to any disagreement with the Company on any matter relating to the
Company's operations, policies or practices.&nbsp; </p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition,
effective as of December 13, 2010, Eric W. Reinhard resigned as Chairman of the
Board, although he remains a director of the Company.&nbsp; Mr. Reinhard resigned as
Chairman in order to fulfill a closing condition set forth in the Purchase
Agreement and not due to any disagreement with the Company on any matter
relating to the Company's operations, policies or practices.</p>



<p class=MsoNormal><u>Appointment of Four New
Directors</u></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In connection
with the closing of the Investment Transaction, by unanimous written consent
dated December 13, 2010, the Company's Board adopted resolutions: (a)
appointing Keith A. Radford, John F. Morgan, Gary J. Heller and David L. Dobbin
as directors, effective as of the closing of the Investment Transaction, to fill
the vacancies on the Board resulting from the resignations of Messrs. Stark,
Teran, Goodson and Grissen, and (b) appointing David L. Dobbin as Chairman of
the Board, effective as of the closing of the Investment Transaction, to
succeed Mr. Reinhard in such capacity. </p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <i>Keith A.
Radford</i>, age 41, currently serves as Chief Financial Officer of Terra Nova
Pub Group Ltd., Elephant &amp; Castle Group Inc. and Massachusetts Pub Group
LLC (2009-Present).&nbsp; Previously Mr. Radford served as a Director and Vice
President of subsidiaries within AKER Solutions, a leading global provider of
engineering and construction services, technology products and integrated
solutions (2002-2008).&nbsp; In addition he has over eight years of experience in
public practice providing auditing, taxation and business consulting services.&nbsp;
Mr. Radford holds a Bachelor of Commerce degree from Memorial University of
Newfoundland and Labrador and is a Chartered Accountant.</p>



<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p class=MsoFooter>7</p>
  </td>
 </tr>
</table>

</div>

<br clear=ALL>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>










<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <i>John F. Morgan</i>,
age 50, currently serves as President, Chief Executive Officer and a Director
of Elephant &amp; Castle Group Inc. and Terra Nova Pub Group Ltd.
(2009-Present).&nbsp; He is President, Chief Executive Officer and a Manager of
Massachusetts Pub Group LLC (2008-Present).&nbsp; Previously Mr. Morgan had been the
President of Morgan Capital Limited, St. John's, Newfoundland, an independent
financial services firm providing taxation and merger and acquisition support
services to North American and international clients (1994-2009).&nbsp; Mr. Morgan
holds a Bachelor of Commerce degree from Memorial University of Newfoundland
and Labrador with a participation in the In Depth Taxation Program and
Chartered Business Valuator Program.&nbsp; He is a Chartered Accountant.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <i>Gary J. Heller</i>,
age 43, currently serves as Secretary and a Director of Elephant &amp; Castle
Group Inc. (2007-Present), Secretary and a Manager of Massachusetts Pub Group
LLC (2008-Present), and Executive Vice President of Terra Nova Pub Group Ltd.
(2009-Present).&nbsp; Prior to entering the restaurant industry in 2007, Mr. Heller
spent 16 years as an investment banker, including serving as a Managing
Director of FTI Capital Advisors, LLC (2002-2006) and a Director of Andersen
Corporate Finance LLC.&nbsp; Mr. Heller holds a BA in Economics from the University
of Pennsylvania and an MBA in Finance from New York University.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <i>David L.
Dobbin</i>, age 49, currently serves as Chairman of the Board of Small Island
Investments Ltd. (2010-Present).&nbsp; He also serves as Chairman of the Boards of
Terra Nova Pub Group Ltd., its subsidiaries and affiliates (2007-Present) and
Welaptega Marine Ltd. (2008-Present), a leading supplier of offshore mooring
inspection systems, companies controlled by Mr. Dobbin through Repechage
Investments Limited, an investment company formed under the laws of Canada that
holds investments in the transportation, service, real estate and hospitality
sectors (2001-Present).&nbsp; Previously, Mr. Dobbin served in several capacities
with CHC Helicopter Corporation, a leading offshore helicopter services
provider, and led Canadian Ocean Resource Associates Inc., a consulting firm
specializing in best practice reviews, institutional support and public/private
partnerships.&nbsp; Mr. Dobbin holds a Bachelor of Commerce from Memorial University
of Newfoundland.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Board
determined that each of Messrs. Radford, Morgan, Heller and Dobbin is an independent
director under the NASDAQ listing standards.&nbsp; Of the continuing directors, the
Board determined that each of Geoffrey R. Bailey and Eric W. Reinhard is an
independent director.&nbsp; Keith A. Radford, John F. Morgan and Geoffrey R. Bailey
have been appointed to the Audit Committee and the Board has determined that
Mr. Radford is an Audit Committee financial expert as that term is defined by
the applicable SEC rules.&nbsp; Gary J. Heller, John F. Morgan and Eric W. Reinhard
have been appointed to the Compensation Committee</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company
confirms, as required by regulations under the Securities Exchange Act of 1934,
that (1) there is no family relationship between any of Messrs. Radford,
Morgan, Heller or Dobbin and any director or executive officer of the Company,
(2) other than the requirements of the Purchase Agreement with the Investor,
there is no arrangement or understanding between Messrs. Radford, Morgan,
Heller and Dobbin and any other person pursuant to which Messrs. Radford,
Morgan, Heller and Dobbin were elected as directors of the Company, and (3)
there is no transaction between any of Messrs. Radford, Morgan, Heller or
Dobbin and the Company that would require disclosure under Item 404(a) of
Regulation S-K.</p>



<p class=MsoNormal><b>Item 5.07&nbsp; Submission of
Matters to a Vote of Security Holders</b></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As noted above,
the Company held a Special Meeting of Stockholders on December 13, 2010 at the
Company's principal office in Golden, Colorado.&nbsp; At the Special Meeting, the
Company's shareholders voted on two matters: (a) the Investment Transaction,
and (b) a proposal to give the Company's Board of Directors discretion to
effect a one-for-three reverse stock split of the Company's issued and
outstanding common stock following the closing of the Investment Transaction
and prior to December 31, 2010.&nbsp; These matters are more fully described in the
Company's Proxy Statement for the Special Meeting.</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p class=MsoFooter>8</p>
  </td>
 </tr>
</table>

</div>

<br clear=ALL>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>










<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The certified
results of the matters voted on at the Special Meeting are as follows:</p>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=277 valign=top style='width:207.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><u>For</u></p>
  </td>
  <td width=84 valign=bottom style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><u>Against</u></p>
  </td>
  <td width=72 valign=bottom style='width:.75in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><u>Abstain</u></p>
  </td>
  <td width=144 valign=bottom style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><u>Broker Non-Votes</u></p>
  </td>
 </tr>
 <tr>
  <td width=277 valign=top style='width:207.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=bottom style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=bottom style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=72 valign=bottom style='width:.75in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=144 valign=bottom style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=277 valign=top style='width:207.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>1) Approval of Investment
  Transaction</p>
  </td>
  <td width=90 valign=top style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>1,973,376</p>
  </td>
  <td width=84 valign=top style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>20,779</p>
  </td>
  <td width=72 valign=top style='width:.75in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>1,400</p>
  </td>
  <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>0</p>
  </td>
 </tr>
 <tr>
  <td width=277 valign=top style='width:207.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=top style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>(98.89%)</p>
  </td>
  <td width=84 valign=top style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>(1.04%)</p>
  </td>
  <td width=72 valign=top style='width:.75in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>(0.07%)</p>
  </td>
  <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>(0.00%)</p>
  </td>
 </tr>
 <tr>
  <td width=277 valign=top style='width:207.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=top style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=84 valign=top style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=72 valign=top style='width:.75in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=277 valign=top style='width:207.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>2) Approval of Reverse Stock
  Split</p>
  </td>
  <td width=90 valign=top style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>1,971,491</p>
  </td>
  <td width=84 valign=top style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>22,064</p>
  </td>
  <td width=72 valign=top style='width:.75in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>2,000</p>
  </td>
  <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>0</p>
  </td>
 </tr>
 <tr>
  <td width=277 valign=top style='width:207.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=90 valign=top style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>(98.79%)</p>
  </td>
  <td width=84 valign=top style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>(1.11%)</p>
  </td>
  <td width=72 valign=top style='width:.75in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>(0.10%)</p>
  </td>
  <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'>(0.00%)</p>

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



<p class=MsoNormal><b>Item 8.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other
Events</b></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Company Press
Releases</u></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On December 17,
2010, the Company issued a press release announcing the voting results of stockholders
at the Special Meeting and the completion of the Investment Transaction. A copy
of the Company's press release is filed herewith as Exhibit 99.1 2 to this
Current Report on Form 8-K.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Transition of
Board Leadership</u></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As disclosed in
Item 5.02 above, effective as of December 13, 2010, Eric W. Reinhard, who has
served as Chairman of the Board since 2005, resigned from the position of
Chairman.&nbsp; The Board appointed David L. Dobbin as the new Chairman of the
Board, effective as of December 13, 2010.&nbsp; </p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Board Approval
of Reverse Stock Split</u></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On December 13,
2010, the Company's Board of Directors adopted resolutions approving a one-for-three
reverse split of the Company's Common Stock to be effective December 31, 2010.&nbsp;
The reverse stock split was approved by the stockholders of the Company at the
Special Meeting on December 13, 2010.&nbsp; For more information regarding the
stockholder approval of the reverse stock split, see the disclosure made in
Item 5.07 above.&nbsp; </p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As a result of
the reverse stock split, every three shares of the Company's Common Stock issued
and outstanding on December 31, 2010 will be combined into one share of Common
Stock.&nbsp; The reverse stock split will not change the authorized number of shares
or the par value of the Company's Common Stock.&nbsp; </p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Following the
reverse stock split, the Company expects to have approximately 2.7 million
shares of Common Stock outstanding.&nbsp; The reverse stock split will affect all
shares of the Company's Common Stock, including Common Stock underlying stock
options and warrants that are outstanding immediately prior to the effective
time of the reverse stock split.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additional
information about the reverse stock split is available in the Company's
definitive proxy statement filed with the SEC on November 22, 2010.</p>



<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p class=MsoFooter>9</p>
  </td>
 </tr>
</table>

</div>

<br clear=ALL>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal><b>Item 9.01&nbsp; Financial
Statements and Exhibits.</b></p>



<p class=MsoNormal>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits.&nbsp; The
following exhibits are filed as part of this report:</p>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=559
 style='width:419.4pt;border-collapse:collapse'>
 <tr>
  <td width=121 valign=top style='width:90.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><u>Exhibit Number</u></p>
  </td>
  <td width=438 valign=top style='width:328.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><u>Description</u></p>
  </td>
 </tr>
 <tr>
  <td width=121 valign=top style='width:90.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=438 valign=top style='width:328.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=121 valign=top style='width:90.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>10.1</p>
  </td>
  <td width=438 valign=top style='width:328.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Registration Rights
  Agreement between the Company and Small Island Investments Limited, dated December
  13, 2010.</p>

  </td>
 </tr>
 <tr>
  <td width=121 valign=top style='width:90.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>10.2</p>
  </td>
  <td width=438 valign=top style='width:328.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Amended and Restated Credit
  Agreement between the Company and Wells Fargo Bank, N.A., dated as of December
  13, 2010.</p>

  </td>
 </tr>
 <tr>
  <td width=121 valign=top style='width:90.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>10.3</p>
  </td>
  <td width=438 valign=top style='width:328.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Amended and Restated Term
  Note dated as of December 13, 2010 </p>
  </td>
 </tr>
 <tr>
  <td width=121 valign=top style='width:90.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=438 valign=top style='width:328.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=121 valign=top style='width:90.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>10.4</p>
  </td>
  <td width=438 valign=top style='width:328.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Consent and Agreement dated
  as of December 13, 2010 between the Company, W Capital, Inc. and John T.
  McDonald.</p>

  </td>
 </tr>
 <tr>
  <td width=121 valign=top style='width:90.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>10.5</p>
  </td>
  <td width=438 valign=top style='width:328.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Consent and Waiver dated as
  of December 13, 2010 by the Series B Investors.</p>

  </td>
 </tr>
 <tr>
  <td width=121 valign=top style='width:90.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>99.1</p>
  </td>
  <td width=438 valign=top style='width:328.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Company Press Release dated
  December 17, 2010.</p>

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



<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p class=MsoFooter>10</p>
  </td>
 </tr>
</table>

</div>

<br clear=ALL>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



</div>

<br
clear=all style='page-break-before:always'>


<div class=WordSection2>









<p class=MsoNormal align=center style='text-align:center'><b>SIGNATURES</b></p>



<p class=MsoNormal>Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned hereunto duly authorized.</p>





<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GOOD TIMES
RESTAURANTS INC.</p>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Date:&nbsp; December 17, 2010</p>
  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>By:&nbsp; <i><u>/s/ Boyd E.
  Hoback</u></i></p>
  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Boyd E. Hoback</p>
  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>President and Chief
  Executive Officer</p>
  </td>
 </tr>
</table>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>





</div>

</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>rragree1011.htm
<TEXT>
<html>

<head>
<!-- Document Prepared With E-Services, LLC HTML Software-->
<!-- Copyright 2006 E-Services, LLC.-->
<!-- All rights reserved EDGAR2.com -->





</head>

<body lang=EN-US>

<div class=WordSection1>

<p class=MsoNormal align=center style='text-align:center;line-height:115%'><b>&nbsp;</b></p>

<p class=MsoNormal align=center style='text-align:center;line-height:115%'><b>&nbsp;</b></p>









<p class=MsoNormal align=center style='text-align:center;line-height:115%'><b>EXHIBIT
A</b></p>

<p class=MsoNormal align=center style='text-align:center;line-height:115%'><b>REGISTRATION
RIGHTS AGREEMENT</b></p>



<p class=MsoNormal style='line-height:115%'>This Registration Rights Agreement
(the &quot;Agreement&quot;) is made and entered into as of this 13 day of December, 2010,
by and between Good Times Restaurants Inc., a Nevada corporation (the
&quot;Company&quot;), and Small Island Investments Limited, a Bermuda corporation (the
&quot;Investor&quot;).</p>



<p class=MsoNormal style='line-height:115%'>The parties hereby agree as
follows:</p>



<p class=MsoNormal style='line-height:115%'>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Certain Definitions</u>.</p>

<p class=MsoNormal style='line-height:115%'>As used in this Agreement, the
following terms shall have the following meanings:</p>



<p class=MsoNormal style='line-height:115%'>&quot;Affiliate&quot; means, with respect to
any Person, any Person that, directly or indirectly through one or more
intermediaries, controls or is controlled by, or is under common control, with
a Person, as such terms are used in and construed under Rule 144.</p>



<p class=MsoNormal style='line-height:115%'>&quot;Business Day&quot; means any day except
Saturday, Sunday, and any day which is a federal legal holiday.</p>



<p class=MsoNormal style='line-height:115%'>&quot;Common Stock&quot; shall mean the
common stock of the Company, par value $0.001 per share, and any securities
into which such common stock may hereafter be reclassified.</p>



<p class=MsoNormal style='line-height:115%'>&quot;Confidentiality Agreement&quot; shall
have the same meaning as provided in the Purchase Agreement.</p>



<p class=MsoNormal style='line-height:115%'>&quot;Exchange Act&quot; means the Securities
Exchange Act of 1934, as amended, and the rules and regulations promulgated
thereunder.</p>



<p class=MsoNormal style='line-height:115%'>&quot;Person&quot; means an individual or
corporation, partnership, trust, incorporated or unincorporated association,
joint venture, limited liability company, joint stock company, government (or
an agency or subdivision thereof), or other entity of any kind.</p>



<p class=MsoNormal style='line-height:115%'>&quot;Prospectus&quot; shall mean (i) the
prospectus included in any Registration Statement, as amended or supplemented
by any prospectus supplement, with respect to the terms of the offering of any
portion of the Registrable Securities covered by such Registration Statement
and by all other amendments and supplements to the prospectus, including
post-effective amendments and all material incorporated by reference in such
prospectus, and (ii) any &quot;free writing prospectus&quot; as defined in Rule 163 under
the Securities Act.</p>

<p class=MsoFooter>1</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal style='line-height:115%'>&quot;Purchase Agreement&quot; shall mean the
Securities Purchase Agreement dated as of October 29, 2010 by and between the
Company and the Investor, as amended from time to time.</p>



<p class=MsoNormal style='line-height:115%'>&quot;Register,&quot; &quot;registered,&quot; and
&quot;registration&quot; refer to a registration made by preparing and filing a
Registration Statement or similar document in compliance with the Securities
Act (as defined below), and the declaration or ordering of effectiveness of
such Registration Statement or document.</p>



<p class=MsoNormal style='line-height:115%'>&quot;Registrable Securities&quot; shall mean
(i) the Shares and (ii) any other securities issued or issuable with respect to
or in exchange for Registrable Securities; provided, that a security shall
cease to be a Registrable Security upon (A) sale pursuant to a Registration
Statement or Rule 144, or (B) such security becoming eligible for sale by the
Investor without restriction pursuant to Rule 144.</p>



<p class=MsoNormal style='line-height:115%'>&quot;Registration Statement&quot; shall mean
any registration statement of the Company filed under the Securities Act that
covers the resale of any of the Registrable Securities pursuant to the
provisions of this Agreement, amendments and supplements to such Registration
Statement, including post-effective amendments, all exhibits and all material
incorporated by reference in such Registration Statement.</p>



<p class=MsoNormal style='line-height:115%'>&quot;Rule 144&quot; means Rule 144
promulgated by the SEC pursuant to the Securities Act, as such rule may be
amended from time to time, or any similar rule or regulation hereafter adopted
by the SEC having substantially the same effect as such Rule.</p>



<p class=MsoNormal style='line-height:115%'>&quot;SEC&quot; means the U.S. Securities and
Exchange Commission.</p>



<p class=MsoNormal style='line-height:115%'>&quot;Securities Act&quot; means the
Securities Act of 1933, as amended, and the rules and regulations promulgated
thereunder.</p>



<p class=MsoNormal style='line-height:115%'>&quot;Shares&quot; means the shares of Common
Stock to be issued to the Investor under the Purchase Agreement.</p>



<p class=MsoNormal style='line-height:115%'>&quot;Trading Day&quot; means (i) if the
relevant stock or security is listed or admitted for trading on The New York
Stock Exchange, Inc., the Nasdaq Global Market, the Nasdaq Capital Market, or
any other national securities exchange, a day on which such exchange is open for
business;</p>

<p class=MsoFooter>2</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal style='line-height:115%'>(ii) if the relevant stock or
security is quoted on a system of automated dissemination of quotations of
securities prices, a day on which trades may be effected through such system;
or (iii) if the relevant stock or security is not listed or admitted for
trading on any national securities exchange or quoted on any system of
automated dissemination of quotation of securities prices, a day on which the
relevant stock or security is traded in a regular way in the over-the-counter
market and for which a closing bid and a closing asked price for such stock or
security are available, shall mean a day, other than a Saturday or Sunday, on
which The New York Stock Exchange, Inc. is open for trading.</p>



<p class=MsoNormal style='line-height:115%'>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Demand Registration</u>.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Registration
Statement</u>.&nbsp; Following the closing of the purchase and sale of the Shares
(the &quot;Closing&quot;), the Investor shall have the right to require the Company,
within 45 days of the Investor's written request therefor, to prepare and file
with the SEC a Registration Statement on Form S-3 (or, if Form S-3 is not then
available to the Company, on such form of registration statement as is then
available to effect a registration for resale of the Registrable Securities),
covering the resale of the Registrable Securities. Subject to any SEC comments,
each Registration Statement filed pursuant to Section 2(a) shall include the
plan of distribution attached hereto as <u>Exhibit A</u>; provided however,
that the Investor shall not be named as an &quot;underwriter&quot; without the Investor's
prior written consent.&nbsp; The Registration Statement also shall cover, to the
extent allowable under the Securities Act and the rules promulgated thereunder
(including Rule 416), such indeterminate number of additional shares of Common
Stock resulting from stock splits, stock dividends, or similar transactions
with respect to the Registrable Securities to which such Registration Statement
relates.&nbsp; Such Registration Statement (and each amendment or supplement
thereto, and each request for acceleration of effectiveness thereof) shall be
provided in accordance with Section 4(c) to the Investor and/or its counsel
prior to its filing or other submission.&nbsp; Notwithstanding anything else to the
contrary contained herein, the Investor shall only have the right to require
the Company to file, and the Company shall only be obligated to file, two
Registration Statements pursuant to this Section 2.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Expenses</u>.&nbsp;
The Company will pay all expenses associated with each registration, including
filing and printing fees, the Company's counsel and accounting fees and
expenses, costs associated with clearing the Registrable Securities for sale
under applicable state securities laws, listing fees, fees and expenses of
counsel to the Investor, and the Investor's reasonable expenses in connection
with the registration, but excluding discounts, commissions, fees of
underwriters, selling brokers, dealer managers, or similar securities industry
professionals with respect to the Registrable Securities being sold.</p>

<p class=MsoFooter>3</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>














<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Effectiveness</u>.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Company shall use best efforts to have the Registration Statement covering the
resale of the Registrable Securities declared effective by the SEC as soon as
practicable and prior to the earlier of (x) ten Business Days after the SEC
shall have informed the Company that no review of the Registration Statement
will be made or that the SEC has no further comments on the Registration
Statement or (y) the 90th day after the Registration Statement is filed. The
Company shall notify the Investor by facsimile or e-mail as promptly as
practicable, and in any event, within 48 hours, after (A) the Registration
Statement is declared effective and (B) the filing of any related Prospectus
under Rule 424(b), at which time the Company shall also provide the Investor
with a copy of such related Prospectus.&nbsp; After the Registration Statement has
been declared effective by the SEC, the Company shall take all actions,
including without limitation updating the Registration Statement as necessary,
so that the Registrable Securities may be sold pursuant to the Registration
Statement without restriction except as provided pursuant to subparagraph (ii)
below.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; For
not more than thirty consecutive days or for a total of not more than sixty
days in any 12 month period, the Company may, without the approval of the
Investor, delay the disclosure of material non-public information concerning
the Company and thereby suspend its obligations under paragraphs (a) and (c) of
this Section 2 (as well as the right of the Investor to use any Prospectus
included in any Registration Statement contemplated by this Section) if the
disclosure of such material non-public information is not, in the good faith
opinion of the Company, in the best interests of the Company (an &quot;Allowed
Delay&quot;); provided, that the Company shall promptly (x) notify the Investor in
writing of the existence of (but in no event, without the prior written consent
of the Investor, shall the Company disclose to the Investor any of the facts or
circumstances regarding) material non-public information giving rise to an
Allowed Delay, (y) advise the Investor in writing to cease all sales under the
Registration Statement until the end of the Allowed Delay, and (z) use
commercially reasonable efforts to terminate an Allowed Delay as promptly as
practicable.</p>

<p class=MsoFooter>4</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>














<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notwithstanding
any other provision of this Agreement to the contrary, the Company shall not be
in breach of this Section 2 if a Registration Statement has not been filed, the
effectiveness of a Registration Statement has been delayed, or a Prospectus has
been unavailable as a result of (i) a failure by the Investor to promptly
provide on request by the Company any information required by this Agreement or
requested by the SEC (which upon notice to the Investor, the Investor fails to
cure within a reasonable period), (ii) the provision of inaccurate or
incomplete information by the Investor (which upon notice to the Investor, the
Investor fails to cure within a reasonable period), or (iii) a statement or
determination of the SEC that any provision of the rights of the Investor under
this Agreement are contrary to the provisions of the Securities Act (of which
the Company shall provide immediate notice to the Investor).</p>



<p class=MsoNormal style='line-height:115%'>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Piggyback
Registration</u>.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Notice of
Registration</u>.&nbsp; If the Company proposes to register (including for this
purpose a registration effected by the Company for shareholders other than the
Investor) any shares of its Common Stock under the Securities Act in connection
with a public offering of such shares solely for cash (other than (i) a
registration relating solely to an employee benefit plan, (ii) a registration
relating solely to a transaction under Rule 145 of the Securities Act, (iii) a
registration on any form not available for registering the Registrable
Securities for sale to the public, or (iv) a registration in which the only
Common Stock being registered is Common Stock issuable upon conversion of debt
securities which are also being registered), the Company shall promptly, and in
any event at least ten days prior to the filing of the applicable registration
statement, give written notice to the Investor of its intention to effect such
registration.&nbsp; Upon the written request of the Investor given within ten days
after the mailing of such notice by the Company, the Company shall, subject to
the provisions of this Section 3, cause to be registered under the Securities
Act all of the Registrable Securities that the Investor has requested to be
registered.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Underwriting</u>.&nbsp;
If a registration of which the Company gives notice pursuant to Section 3(a) is
for a registered public offering involving an underwriting, the Company shall
so advise the Investor as part of its written notice.&nbsp; In such event, the right
of the Investor to registration pursuant to this Section 3 shall be conditioned
upon the Investor's participation in such underwriting, and the inclusion of
Registrable Securities in the underwriting shall be limited to the extent
provided herein.</p>

<p class=MsoFooter>5</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>














<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Underwriting
Agreement</u>.&nbsp; If the Investor proposes to distribute Registrable Securities
through such underwriting pursuant to this Section 3, the Investor, together
with the Company and all other shareholders distributing their securities
through such underwriting, shall enter into an underwriting agreement in
customary form with the managing underwriter selected for such underwriting by
the Company.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Limitation
of Underwritten Securities</u>.&nbsp; If the applicable registration is initiated as
a primary underwritten offering on behalf of the Company and the managing
underwriter advises the Company in writing that in its opinion the number of
shares of Common Stock proposed to be included in such registration exceeds the
number of shares of Common Stock which can be sold in such offering, and/or that
the number of shares of Common Stock proposed to be included in any such
registration would adversely affect the price per share of the Common Stock to
be sold in such offering, the Company shall include in such registration (i)
first, the number of shares of Common Stock that the Company proposes to sell;
and (ii) second, the number of Registrable Securities to be included therein by
the Investor.&nbsp; Notwithstanding the foregoing, in no event shall (x) the number
of Registrable Securities in the offering be reduced unless all other
securities (other than securities to be sold by the Company) are first entirely
excluded from the offering, or (y) the number of Registrable Securities
included in the offering be reduced below 25 percent of the total number of securities
included in such offering.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Right to
Terminate Registration</u>.&nbsp; The Company shall have the right to terminate or
withdraw any registration initiated by it under this Section 3 prior to the
effectiveness of such registration whether or not the Investor has elected to
include any Registrable Securities in such registration and shall promptly
notify the Investor of such termination or withdrawal.</p>



<p class=MsoNormal style='line-height:115%'>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Company Obligations</u>.&nbsp;
The Company will use commercially reasonable efforts to effect the registration
of the Registrable Securities in accordance with the terms hereof, and pursuant
thereto the Company will, as expeditiously as practicable:</p>

<p class=MsoFooter>6</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>














<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Use
commercially reasonable efforts to cause the Registration Statement to become
effective after 4:00 p.m. Eastern time (the date the Registration Statement is
declared effective shall be referred to as the &quot;Effective Date&quot;) and to remain
continuously effective for a period that will terminate upon the earlier of (i)
the date on which all Registrable Securities covered by such Registration
Statement, as amended from time to time, have been sold, and (ii) the date on
which all Registrable Securities covered by such Registration Statement may be
sold without restriction pursuant to Rule 144 (the &quot;Effectiveness Period&quot;) and
advise the Investor in writing when the Effectiveness Period has expired;</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepare and
file with the SEC such amendments and post-effective amendments to the
Registration Statement and the Prospectus as may be necessary to keep the Registration
Statement effective for the Effectiveness Period and to comply with the
provisions of the Securities Act and the Exchange Act with respect to the
distribution of all of the Registrable Securities covered thereby;</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provide
copies to and permit counsel designated by the Investor, if any, in the selling
securityholder questionnaire attached hereto as <u>Exhibit B</u> (the &quot;Selling
Securityholder Questionnaire&quot;) to review the Registration Statement and all
amendments and supplements thereto no fewer than seven days prior to their
filing with the SEC and not file any document to which such counsel reasonably
objects;</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Furnish to
the Investor and its legal counsel, if any, designated in the Selling
Securityholder Questionnaire (i) promptly after the same is prepared and
publicly distributed, filed with the SEC, or received by the Company (but not
later than two Business Days after the filing date, receipt date, or sending
date, as the case may be) one copy of the Registration Statement and any
amendment thereto, each preliminary prospectus and Prospectus and each
amendment or supplement thereto, and each letter written by or on behalf of the
Company to the SEC or the staff of the SEC, and each item of correspondence
from the SEC or the staff of the SEC, in each case relating to such
Registration Statement (other than any portion of any thereof which contains
information for which the Company has sought confidential treatment), and (ii)
such number of copies of a Prospectus, including a preliminary prospectus, and
all amendments and supplements thereto and such other documents as each
Investor may reasonably request in order to facilitate the disposition of the
Registrable Securities owned by the Investor that are covered by the related
Registration Statement;</p>

<p class=MsoFooter>7</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>














<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Use
commercially reasonable efforts to (i) prevent the issuance of any stop order
or other suspension of effectiveness and, (ii) if such order is issued, obtain
the withdrawal of any such order at the earliest possible moment;</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prior to any
public offering of Registrable Securities, use commercially reasonable efforts
to register or qualify or cooperate with the Investor and its legal counsel, if
any, designated in the Selling Securityholder Questionnaire in connection with
the registration or qualification of such Registrable Securities for offer and
sale under the securities or blue sky laws of such jurisdictions requested by
the Investor and do any and all other commercially reasonable acts or things
necessary or advisable to enable the distribution in such jurisdictions of the
Registrable Securities; provided, however, that the Company shall not be
required in connection therewith or as a condition thereto to (i) qualify to do
business in any jurisdiction where it would not otherwise be required to
qualify but for this Section 4(f), (ii) subject itself to general taxation in
any jurisdiction where it would not otherwise be so subject but for this
Section 4(f), or (iii) file a general consent to service of process in any such
jurisdiction;</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Use
commercially reasonable efforts to cause all Registrable Securities to be
listed on each securities exchange, interdealer quotation system, or other
market on which similar securities issued by the Company are then listed;</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Immediately
notify the Investor, at any time prior to the end of the Effectiveness Period,
upon discovery that, or upon the happening of any event as a result of which,
the Prospectus includes an untrue statement of a material fact or omits to state
any material fact required to be stated therein or necessary to make the
statements therein not misleading in light of the circumstances then existing,
and promptly prepare, file with the SEC, and furnish to such holder a
supplement to or an amendment of such Prospectus as may be necessary so that
such Prospectus shall not include an untrue statement of a material fact or
omit to state a material fact required to be stated therein or necessary to
make the statements therein not misleading in light of the circumstances then
existing; and</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Otherwise
use commercially reasonable efforts to comply with all applicable rules and
regulations of the SEC under the Securities Act and the Exchange Act,
including, without </p>

<p class=MsoFooter>8</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal style='line-height:115%'>limitation, Rule 172 under the
Securities Act, file any final Prospectus, including any supplement or
amendment thereof, with the SEC pursuant to Rule 424 under the Securities Act
prior to 9:30 a.m. Eastern time on the Trading Day immediately following the
Effective Date, promptly inform the Investors in writing if, at any time during
the Effectiveness Period, the Company does not satisfy the conditions specified
in Rule 172 and, as a result thereof, the Investor is required to deliver a
Prospectus in connection with any disposition of Registrable Securities and
take such other actions as may be reasonably necessary to facilitate the
registration of the Registrable Securities hereunder; and make available to its
security holders, as soon as reasonably practicable, but not later than the
Availability Date (as defined below), an earnings statement covering a period
of at least 12 months, beginning after the effective date of each Registration
Statement, which earnings statement shall satisfy the provisions of Section
11(a) of the Securities Act, including Rule 158 promulgated thereunder.&nbsp; For
the purpose of this subsection 4(i), &quot;Availability Date&quot; means the 45th day
following the end of the fourth fiscal quarter that includes the effective date
of such Registration Statement, except that, if such fourth fiscal quarter is
the last quarter of the Company's fiscal year, &quot;Availability Date&quot; means the
90th day after the end of such fourth fiscal quarter.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; With a view
to making available to the Investor the benefits of Rule 144 (or its successor
rule) and any other rule or regulation of the SEC that may at any time permit
the Investor to sell shares of Common Stock to the public without registration,
the Company covenants and agrees to:&nbsp; (i) make and keep public information
available, as those terms are understood and defined in Rule 144, until the
earlier of (A) six months after such date as all of the Registrable Securities
may be sold without restriction by the holders thereof pursuant to Rule 144 or
any other rule of similar effect or (B) such date as all of the Registrable
Securities shall have been resold; (ii) file with the SEC in a timely manner
all reports and other documents required of the Company under the Exchange Act;
and (iii) furnish to the Investor upon request, as long as the Investor owns
any Registrable Securities, (A) a written statement by the Company that it has
complied with the reporting requirements of the Exchange Act, (B) a copy of the
Company's most recent Annual Report on Form 10-K or Quarterly Report on Form
10-Q, and (C) such other information as may be reasonably requested in order to
avail the Investor of any rule or regulation of the SEC that permits the
selling of any such Registrable Securities without registration.</p>

<p class=MsoFooter>9</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal style='line-height:115%'>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Due Diligence Review;
Information</u>.&nbsp; The Company shall make available, during normal business
hours, for inspection and review by the Investor, advisors to and
representatives of the Investor (who may or may not be affiliated with the
Investor and who are reasonably acceptable to the Company), all financial and
other records, all SEC Reports (as defined in the Purchase Agreement) and other
filings with the SEC, and all other corporate documents and properties of the
Company as may be reasonably necessary for the purpose of such review, and
cause the Company's officers, directors, and employees, within a reasonable
time period, to supply all such information reasonably requested by the
Investor or any such representative, advisor, or underwriter in connection with
such Registration Statement (including, without limitation, in response to all
questions and other inquiries reasonably made or submitted by any of them),
prior to and from time to time after the filing and effectiveness of the
Registration Statement for the sole purpose of enabling the Investor and its
representatives, advisors, and underwriters and their respective accountants
and attorneys to conduct initial and ongoing due diligence with respect to the
Company and the accuracy of such Registration Statement.</p>



<p class=MsoNormal style='line-height:115%'>The Company may disclose material nonpublic
information to the Investor, or to advisors to or representatives of the
Investor, subject to the terms of the Confidentiality Agreement.&nbsp; If no such
Confidentiality Agreement is then in effect at the time, prior to disclosure of
such material nonpublic information, the Company shall identify such
information as being material nonpublic information and provide the Investor or
such advisors and representatives with the opportunity to accept or refuse to
accept such material nonpublic information for review, and in such case whereby
the Investor chooses to accept such information, the Investor shall enter into
an appropriate confidentiality agreement with the Company with respect thereto.</p>



<p class=MsoNormal style='line-height:115%'>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Obligations of the
Investor</u>.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Investor
shall furnish to the Company a Selling Securityholder Questionnaire and such
additional information regarding itself, the Registrable Securities held by it,
and the intended method of disposition of the Registrable Securities held by
it, as shall be reasonably required to effect the registration of such
Registrable Securities, and shall execute such documents in connection with
such registration as the Company may reasonably request.&nbsp; At least ten Business
Days prior to the first anticipated filing date of a Registration Statement,
the Company shall notify the Investor of the information the Company requires
from the Investor, to the extent not included in the Selling Securityholder
Questionnaire, if the Investor elects to have any of the Registrable Securities
included in the Registration Statement.&nbsp; The Investor shall provide such
information to the Company at least two Business Days prior to the first
anticipated filing date of such Registration Statement if the Investor elects
to have any of the Registrable Securities included in the Registration
Statement.</p>

<p class=MsoFooter>10</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>














<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Investor, by its acceptance of the Registrable Securities agrees to cooperate
with the Company as reasonably requested by the Company in connection with the
preparation and filing of a Registration Statement hereunder, unless the
Investor has notified the Company in writing of its election to exclude all of
its Registrable Securities from such Registration Statement.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Investor
agrees that, upon receipt of any notice from the Company of either (i) the
commencement of an Allowed Delay pursuant to Section 2(c)(ii), or (ii) the
happening of an event pursuant to Section 4(h) hereof, the Investor will
immediately discontinue disposition of Registrable Securities pursuant to the
Registration Statement covering such Registrable Securities, until the Investor
is advised by the Company that such dispositions may again be made.</p>



<p class=MsoNormal style='line-height:115%'>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Indemnification</u>.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Indemnification
by the Company</u>.&nbsp; The Company will indemnify and hold harmless the Investor
and its officers, directors, members, investors, employees, and agents,
successors and assigns, and each other person, if any, who controls the
Investor (within the meaning of the Securities Act) against any losses, claims,
damages, or liabilities, joint or several, to which they may become subject
under the Securities Act or otherwise, insofar as such losses, claims, damages,
or liabilities (or actions in respect thereof) arise out of or are based upon:
(i) any untrue statement or omission or alleged untrue statement or omission of
any material fact in any Registration Statement, any preliminary Prospectus or
final Prospectus, or any amendment or supplement thereof required to be stated
therein or necessary to make the statements therein not misleading; (ii) any
blue sky application or other document executed by the Company specifically for
that purpose or based upon written information furnished by the Company filed
in any state or other jurisdiction in order to qualify any or all of the
Registrable Securities under the securities laws thereof (any such application,
document, or information herein called a &quot;Blue </p>

<p class=MsoFooter>11</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>










<p class=MsoNormal style='line-height:115%'><u>&nbsp;</u></p>

<p class=MsoNormal style='line-height:115%'>Sky Application&quot;); (iii) any
violation by the Company or its agents of any rule or regulation promulgated
under the Securities Act applicable to the Company or its agents and relating
to action or inaction required of the Company in connection with such registration;
or (iv) any failure to register or qualify the Registrable Securities included
in any such registration in any state where the Company or its agents has
affirmatively undertaken or agreed in writing that the Company will undertake
such registration or qualification on an Investor's behalf and will reimburse
such Investor and each such indemnified party for any legal or other expenses
reasonably incurred by them in connection with investigating or defending any
such loss, claim, damage, liability, or action; provided, however, that the
Company will not be liable in any such case if and to the extent that any such
loss, claim, damage, or liability arises out of or is based upon (i) the
Investor's failure to comply with the prospectus delivery requirements of the
Securities Act at any time when the Company does not meet the conditions for
use of Rule 172, has advised the Investor in writing that the Company does not
meet such conditions and that therefore the Investor is required to deliver a
Prospectus in connection with any sale or other disposition of Registrable
Securities and has provided the Investor with a current Prospectus for such
use, (ii) an untrue statement or alleged untrue statement or omission or
alleged omission so made in conformity with information furnished by the
Investor or any such controlling person in writing specifically for use in such
Registration Statement or Prospectus, or (iii) the use by the Investor of an
outdated or defective Prospectus after the Company has notified the Investor
that such Prospectus is outdated or defective and the use of a corrected or
updated Prospectus would have avoided such losses, claims, damages,
liabilities, or expenses.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Indemnification
by the Investor</u>.&nbsp; The Investor agrees to indemnify and hold harmless, to
the fullest extent permitted by law, the Company, its directors, officers,
employees, shareholders, and each person who controls the Company (within the
meaning of the Securities Act) against any losses, claims, damages,
liabilities, and expense (including reasonable attorneys' fees) resulting from
(i) the Investor's failure to comply with the prospectus delivery requirements
of the Securities Act at any time when the Company does not meet the conditions
for use of Rule 172, has advised the Investor in writing that the Company does
not meet such conditions and that therefore the Investor is required to deliver
a Prospectus in connection with any sale or other disposition of Registrable
Securities, and has provided the Investor with a current Prospectus for such
use, (ii) the use by the Investor of an outdated or defective Prospectus after
the Company has notified the Investor that such Prospectus is outdated or
defective and the use of a corrected or updated Prospectus would have avoided such
losses,</p>

<p class=MsoFooter>12</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal style='line-height:115%'>claims, damages, liabilities, or
expenses, and (iii) any untrue statement of a material fact or any omission of
a material fact required to be stated in the Registration Statement or
Prospectus or preliminary Prospectus or amendment or supplement thereto or
necessary to make the statements therein not misleading, to the extent, but
only to the extent, that such untrue statement or omission is contained in any
information furnished in writing by the Investor to the Company specifically
for inclusion in such Registration Statement or Prospectus or amendment or
supplement thereto.&nbsp; In no event shall the liability of the Investor be greater
in amount than the dollar amount of the proceeds (net of all expense paid by
the Investor in connection with any claim relating to this Section 7 and the
amount of any damages the Investor has otherwise been required to pay by reason
of such untrue statement or omission) received by the Investor upon the sale of
the Registrable Securities included in the Registration Statement giving rise
to such indemnification obligation.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Conduct
of Indemnification Proceedings</u>.&nbsp; Any person entitled to indemnification
hereunder shall (i) give prompt notice to the indemnifying party of any claim
with respect to which it seeks indemnification and (ii) permit such
indemnifying party to assume the defense of such claim with counsel reasonably
satisfactory to the indemnified party; provided that any person entitled to
indemnification hereunder shall have the right to employ separate counsel and
to participate in the defense of such claim, but the fees and expenses of such
counsel shall be at the expense of such person unless (x) the indemnifying
party has agreed to pay such fees or expenses, or (y) the indemnifying party
shall have failed to assume the defense of such claim and employ counsel
reasonably satisfactory to such person, or (z) in the reasonable judgment of
any such person, based upon written advice of its counsel, a conflict of
interest exists between such person and the indemnifying party with respect to
such claims (in which case, if the person notifies the indemnifying party in
writing that such person elects to employ separate counsel at the expense of
the indemnifying party, the indemnifying party shall not have the right to
assume the defense of such claim</p>

<p class=MsoFooter>13</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal style='line-height:115%'>on behalf of such person); and
provided, further, that the failure of any indemnified party to give notice as
provided herein shall not relieve the indemnifying party of its obligations
hereunder, except to the extent that such failure to give notice shall
materially adversely affect the indemnifying party in the defense of any such
claim or litigation.&nbsp; It is understood that the indemnifying party shall not,
in connection with any proceeding in the same jurisdiction, be liable for fees
or expenses of more than one separate firm of attorneys at any time for all
such indemnified parties.</p>



<p class=MsoNormal style='line-height:115%'>No indemnifying party will, except
with the consent of the indemnified party, consent to entry of any judgment or
enter into any settlement that does not include as an unconditional term
thereof the giving by the claimant or plaintiff to such indemnified party of a
release from all liability in respect of such claim or litigation.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Contribution</u>.&nbsp;
If for any reason the indemnification provided for in the preceding paragraphs
(a) and (b) is unavailable to an indemnified party or insufficient to hold it
harmless, other than as expressly specified therein, then the indemnifying
party shall contribute to the amount paid or payable by the indemnified party
as a result of such loss, claim, damage, or liability in such proportion as is
appropriate to reflect the relative fault of the indemnified party and the
indemnifying party, as well as any other relevant equitable considerations.&nbsp; No
person guilty of fraudulent misrepresentation within the meaning of Section
11(f) of the Securities Act shall be entitled to contribution from any person
not guilty of such fraudulent misrepresentation.&nbsp; In no event shall the
contribution obligation of a holder of Registrable Securities be greater in
amount than the dollar amount of the proceeds (net of all expenses paid by such
holder in connection with any claim relating to this Section 7 and the amount
of any damages such holder has otherwise been required to pay by reason of such
untrue or alleged untrue statement or omission or alleged omission) received by
it upon the sale of the Registrable Securities giving rise to such contribution
obligation.</p>



<p class=MsoNormal style='line-height:115%'>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Miscellaneous</u>.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Amendments
and Waivers</u>.&nbsp; This Agreement may be amended only by a writing signed by the
Company and the Investor.&nbsp; The Company may take any action herein prohibited,
or omit to perform any act herein required to be performed by it, only if the
Company shall have obtained the written consent of the Investor to such
amendment, action, or omission to act.</p>

<p class=MsoNormal style='line-height:115%'><u>&nbsp;</u></p>

<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Notices</u>.&nbsp;
All notices and other communications provided for or permitted hereunder shall
be made as set forth in the Purchase Agreement.</p>

<p class=MsoFooter>14</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>














<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Assignments
and Transfers by the Investor</u>.&nbsp; The provisions of this Agreement shall be
binding upon and inure to the benefit of the Investor and its respective
successors and assigns.&nbsp; The Investor may transfer or assign, in whole or from
time to time in part, to one or more persons its rights hereunder in connection
with the transfer of Registrable Securities by the Investor to such person,
provided that the Investor complies with all laws applicable thereto and
provides written notice of assignment to the Company promptly after such assignment
is effected.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Assignments
and Transfers by the Company</u>.&nbsp; This Agreement may not be assigned by the
Company (whether by operation of law or otherwise) without the prior written
consent of the Investor, provided, however, that the Company may assign its
rights and delegate its duties hereunder to any surviving or successor
corporation in connection with a merger or consolidation of the Company with
another corporation, or a sale, transfer, or other disposition of all or
substantially all of the Company's assets to another corporation, without the
prior written consent of the Investor, after notice duly given by the Company
to the Investor.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Benefits
of the Agreement</u>.&nbsp; The terms and conditions of this Agreement shall inure
to the benefit of and be binding upon the respective permitted successors and
assigns of the parties.&nbsp; Nothing in this Agreement, express or implied, is
intended to confer upon any party other than the parties hereto or their
respective successors and assigns any rights, remedies, obligations, or
liabilities under or by reason of this Agreement, except as expressly provided
in this Agreement.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Counterparts;
Fax and Electronic Signature</u>.&nbsp; This Agreement may be executed in two or
more counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.&nbsp; This Agreement may also
be executed via facsimile or electronic signature, which shall be deemed an
original.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Titles
and Subtitles</u>.&nbsp; The titles and subtitles used in this Agreement are used
for convenience only and are not to be considered in construing or interpreting
this Agreement.</p>

<p class=MsoNormal style='line-height:115%'><u>&nbsp;</u></p>

<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Severability</u>.&nbsp;
Any provision of this Agreement that is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining
provisions hereof but shall be interpreted as</p>

<p class=MsoFooter>15</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal style='line-height:115%'>&nbsp;if it were written so as to be
enforceable to the maximum extent permitted by applicable law, and any such
prohibition or unenforceability in any jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction.&nbsp; To the extent
permitted by applicable law, the parties hereby waive any provision of law
which renders any provisions hereof prohibited or unenforceable in any respect.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Further
Assurances</u>.&nbsp; The parties shall execute and deliver all such further
instruments and documents and take all such other actions as may reasonably be
required to carry out the transactions contemplated hereby and to evidence the
fulfillment of the agreements herein contained.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Entire
Agreement</u>.&nbsp; This Agreement is intended by the parties as a final expression
of their agreement and intended to be a complete and exclusive statement of the
agreement and understanding of the parties hereto in respect of the subject
matter contained herein.&nbsp; This Agreement supersedes all prior agreements and
understandings between the parties with respect to such subject matter.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Governing
Law</u>.&nbsp; All questions concerning the construction, validity, enforcement, and
interpretation of this Agreement shall be governed by and construed and
enforced in accordance with the internal laws of the State of Nevada, without
regard to the principles of conflicts of law thereof.</p>

<p class=MsoFooter>16</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal style='line-height:115%'>IN WITNESS WHEREOF, the parties
have executed this Agreement or caused their duly authorized officers to
execute this Agreement as of the date first above written.</p>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:5.4pt;border-collapse:collapse'>
 <tr>
  <td width=150 valign=top style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=474 valign=top style='width:355.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>COMPANY:</p>
  </td>
 </tr>
 <tr>
  <td width=150 valign=top style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=474 valign=top style='width:355.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>GOOD TIMES RESTAURANTS INC.</p>
  </td>
 </tr>
 <tr>
  <td width=150 valign=top style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><u>&nbsp;</u></p>
  </td>
  <td width=474 valign=top style='width:355.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><u>&nbsp;</u></p>
  </td>
 </tr>
 <tr>
  <td width=150 valign=top style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=474 valign=top style='width:355.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>By: <i><u>/s/ Boyd E. Hoback</u></i></p>
  </td>
 </tr>
 <tr>
  <td width=150 valign=top style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=474 valign=top style='width:355.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Name: Boyd E. Hoback</p>
  </td>
 </tr>
 <tr>
  <td width=150 valign=top style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=474 valign=top style='width:355.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Title: President &amp; CEO</p>
  </td>
 </tr>
 <tr>
  <td width=150 valign=top style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=474 valign=top style='width:355.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=150 valign=top style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=474 valign=top style='width:355.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>INVESTOR:</p>
  </td>
 </tr>
 <tr>
  <td width=150 valign=top style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=474 valign=top style='width:355.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>SMALL ISLAND INVESTMENTS LIMITED</p>
  </td>
 </tr>
 <tr>
  <td width=150 valign=top style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=474 valign=top style='width:355.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=150 valign=top style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=474 valign=top style='width:355.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>By:<u>/s/<i>David L. Dobbin</i></u></p>
  </td>
 </tr>
 <tr>
  <td width=150 valign=top style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=474 valign=top style='width:355.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Name: David L. Dobbin</p>
  </td>
 </tr>
 <tr>
  <td width=150 valign=top style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=474 valign=top style='width:355.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Title: Chairman</p>
  </td>
 </tr>
 <tr>
  <td width=150 valign=top style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=474 valign=top style='width:355.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=150 valign=top style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=474 valign=top style='width:355.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>By: <i><u>/s/ Penelope Dobbin</u></i></p>
  </td>
 </tr>
 <tr>
  <td width=150 valign=top style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=474 valign=top style='width:355.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Name: Penelope Dobbin</p>
  </td>
 </tr>
 <tr>
  <td width=150 valign=top style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=474 valign=top style='width:355.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Title: President</p>
  </td>
 </tr>
 <tr>
  <td width=150 valign=top style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=474 valign=top style='width:355.5pt;padding:0in 5.4pt 0in 5.4pt'>

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

<p class=MsoFooter>17</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



</div>

<br
clear=all style='page-break-before:always'>


<div class=WordSection2>









<p class=MsoNormal align=right style='text-align:right'><u>Exhibit A</u></p>

<p class=MsoNormal><u>&nbsp;</u></p>

<p class=MsoNormal align=center style='text-align:center'><b>Plan of
Distribution</b></p>



<p class=MsoNormal style='line-height:115%'>The selling shareholders, which as
used herein includes donees, pledgees, transferees, or other
successors-in-interest selling shares of common stock or interests in shares of
common stock received after the date of this prospectus from a selling
shareholder as a gift, pledge, partnership distribution, or other transfer,
may, from time to time, sell, transfer, or otherwise dispose of any or all of
their shares of common stock or interests in shares of common stock on any
stock exchange, market, or trading facility on which the shares are traded or
in private transactions.&nbsp; These dispositions may be at fixed prices, at
prevailing market prices at the time of sale, at prices related to the
prevailing market price, at varying prices determined at the time of sale, or
at negotiated prices.</p>



<p class=MsoNormal style='line-height:115%'>The selling shareholders may use
any one or more of the following methods when disposing of shares or interests
therein:</p>



<p class=MsoListParagraphCxSpFirst style='text-indent:-.25in;line-height:115%'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
ordinary brokerage transactions and transactions in which the
broker-dealer solicits purchasers;</p>

<p class=MsoListParagraphCxSpMiddle style='text-indent:-.25in;line-height:115%'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
block trades in which the broker-dealer will attempt to sell the
shares as agent, but may position and resell a portion of the block as
principal to facilitate the transaction;</p>

<p class=MsoListParagraphCxSpMiddle style='text-indent:-.25in;line-height:115%'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
purchases by a broker-dealer as principal and resale by the
broker-dealer for its account;</p>

<p class=MsoListParagraphCxSpMiddle style='text-indent:-.25in;line-height:115%'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
an exchange distribution in accordance with the rules of the
applicable exchange;</p>

<p class=MsoListParagraphCxSpMiddle style='text-indent:-.25in;line-height:115%'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
privately negotiated transactions;</p>

<p class=MsoListParagraphCxSpMiddle style='text-indent:-.25in;line-height:115%'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
short sales effected after the date the registration statement of
which this Prospectus is a part is declared effective by the SEC;</p>

<p class=MsoListParagraphCxSpMiddle style='text-indent:-.25in;line-height:115%'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
through the writing or settlement of options or other hedging
transactions, whether through an options exchange or otherwise;</p>

<p class=MsoListParagraphCxSpMiddle style='text-indent:-.25in;line-height:115%'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
broker-dealers may agree with the selling shareholders to sell a
specified number of such shares at a stipulated price per share; </p>

<p class=MsoListParagraphCxSpMiddle style='text-indent:-.25in;line-height:115%'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
a combination of any such methods of sale; and</p>

<p class=MsoListParagraphCxSpLast style='text-indent:-.25in;line-height:115%'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
any other method permitted by applicable law.</p>

<p class=MsoFooter>A-1</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>














<p class=MsoNormal style='line-height:115%'>The selling shareholders may, from
time to time, pledge or grant a security interest in some or all of the shares
of common stock owned by them and, if they default in the performance of their
secured obligations, the pledgees or secured parties may offer and sell the
shares of common stock, from time to time, under this prospectus, or under an
amendment to this prospectus under Rule 424(b)(3) or other applicable provision
of the Securities Act amending the list of selling shareholders to include the
pledgee, transferee, or other successor in interest as a selling shareholder
under this prospectus.&nbsp; The selling shareholders also may transfer the shares
of common stock in other circumstances, in which case the transferees, pledges,
or other successors in interest will be the selling beneficial owners for
purposes of this prospectus.</p>



<p class=MsoNormal style='line-height:115%'>In connection with the sale of our
common stock or interests therein, the selling shareholders may enter into
hedging transactions with broker-dealers or other financial institutions, which
may in turn engage in short sales of the common stock in the course of hedging
the positions they assume.&nbsp; The selling shareholders may also sell shares of
our common stock short and deliver these securities to close out their short
positions, or loan or pledge the common stock to broker-dealers that in turn
may sell these securities.&nbsp; The selling shareholders may also enter into option
or other transactions with broker-dealers or other financial institutions or
the creation of one or more derivative securities which require the delivery to
such broker-dealer or other financial institution of shares offered by this
prospectus, which shares such broker-dealer or other financial institution may
resell pursuant to this prospectus (as supplemented or amended to reflect such
transaction).</p>



<p class=MsoNormal style='line-height:115%'>The aggregate proceeds to the
selling shareholders from the sale of the common stock offered by them will be
the purchase price of the common stock less discounts or commissions, if any.&nbsp;
Each of the selling shareholders reserves the right to accept and, together
with their agents from time to time, to reject, in whole or in part, any
proposed purchase of common stock to be made directly or through agents.&nbsp; We
will not receive any of the proceeds from this offering. </p>



<p class=MsoNormal style='line-height:115%'>The selling shareholders also may
resell all or a portion of the shares in open market transactions in reliance
upon Rule 144 under the Securities Act, provided that they meet the criteria
and conform to the requirements of that rule.</p>



<p class=MsoNormal style='line-height:115%'>Any underwriters, broker-dealers,
or agents that participate in the sale of the common stock or interests therein
may be &quot;underwriters&quot; within the meaning of Section 2(11) of the Securities
Act.&nbsp; Any discounts, commissions, concessions, or profit they earn on any
resale of the shares may be underwriting discounts and commissions under the
Securities Act.</p>

<p class=MsoFooter>A-2</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>














<p class=MsoNormal style='line-height:115%'>To the extent required, the shares
of our common stock to be sold, the names of the selling shareholders, the
respective purchase prices and public offering prices, the names of any agent,
dealer, or underwriter, and any applicable commissions or discounts with
respect to a particular offer will be set forth in an accompanying prospectus
supplement or, if appropriate, a post-effective amendment to the registration
statement that includes this prospectus.</p>

<p class=MsoNormal style='line-height:115%'>In order to comply with the
securities laws of some states, if applicable, the common stock may be sold in
these jurisdictions only through registered or licensed brokers or dealers.&nbsp; In
addition, in some states the common stock may not be sold unless it has been
registered or qualified for sale or an exemption from registration or
qualification requirements is available and is complied with.</p>



<p class=MsoNormal style='line-height:115%'>We have advised the selling
shareholders that the anti-manipulation rules of Regulation M under the
Exchange Act may apply to sales of shares in the market and to the activities
of the selling shareholders and their affiliates.&nbsp; In addition, to the extent
applicable we will make copies of this prospectus (as it may be supplemented or
amended from time to time) available to the selling shareholders for the
purpose of satisfying the prospectus delivery requirements of the Securities
Act.&nbsp; The selling shareholders may indemnify any broker-dealer that
participates in transactions involving the sale of the shares against certain
liabilities, including liabilities arising under the Securities Act.</p>



<p class=MsoNormal style='line-height:115%'>We have agreed to indemnify the
selling shareholders against liabilities, including liabilities under the
Securities Act and state securities laws, relating to the registration of the
shares offered by this prospectus.</p>



<p class=MsoNormal style='line-height:115%'>We have agreed with the selling
shareholders to keep the registration statement of which this prospectus
constitutes a part effective until the earlier of (1) such time as all of the
shares covered by this prospectus have been disposed of pursuant to and in
accordance with the registration statement or (2) the date on which the shares
may be sold without restriction pursuant to Rule 144 of the Securities Act.</p>





<p class=MsoFooter>A-3</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



</div>

<br
clear=all style='page-break-before:always'>


<div class=WordSection3>









<p class=MsoNormal align=right style='text-align:right'><u>Exhibit B</u></p>



<p class=MsoNormal align=center style='text-align:center;line-height:115%'><b>Good
Times Restaurants Inc.</b></p>

<p class=MsoNormal align=center style='text-align:center;line-height:115%'><b>Selling
Securityholder Questionnaire</b></p>



<p class=MsoNormal style='line-height:115%'>The undersigned beneficial owner
(the &quot;Selling Securityholder&quot;) of common stock (&quot;Common Stock&quot;) of Good Times
Restaurants Inc. (the &quot;Company&quot;) understands that the Company has filed or
intends to file with the Securities and Exchange Commission (&quot;SEC&quot;) one or more
Registration Statements for the registration and resale of the Registrable
Securities, in accordance with the terms of the Registration Rights Agreement,
dated as of December 13, 2010 (the &quot;Registration Rights Agreement&quot;), among the
Company and the Investor named therein.&nbsp; A copy of the Registration Rights
Agreement is available from the Company upon request at the address set forth
below.&nbsp; All capitalized terms used and not otherwise defined herein shall have
the meanings ascribed thereto in the Registration Rights Agreement.</p>

<p class=MsoNormal style='line-height:115%'>The undersigned hereby provides the
following information to the Company and represents and warrants that such
information is accurate:</p>



<p class=MsoNormal align=center style='text-align:center;line-height:115%'>QUESTIONNAIRE</p>



<p class=MsoNormal style='line-height:115%'><b>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name.</b></p>



<p class=MsoNormal style='line-height:115%'>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Full legal name of
Selling Securityholder:</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=536
 style='width:402.0pt;margin-left:77.4pt;border-collapse:collapse'>
 <tr>
  <td width=536 valign=top style='width:402.0pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=536 valign=top style='width:402.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>

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



<p class=MsoNormal style='line-height:115%'>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Full legal name of
registered Holder (if not the same as (a) above) through which Registrable
Securities listed in Item 3 below are held:</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=534
 style='width:400.5pt;margin-left:77.4pt;border-collapse:collapse'>
 <tr>
  <td width=534 valign=top style='width:400.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=534 valign=top style='width:400.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='line-height:115%'>`</p>
  </td>
 </tr>
</table>



<p class=MsoFooter>B-1</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>














<p class=MsoNormal style='line-height:115%'>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Full legal name of
Natural Control Person (which means a natural person who directly or indirectly
alone or with others has power to vote or dispose of the securities covered by
the questionnaire):</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=534
 style='width:400.5pt;margin-left:77.4pt;border-collapse:collapse'>
 <tr>
  <td width=534 valign=top style='width:400.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=534 valign=top style='width:400.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>

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

<p class=MsoNormal style='line-height:115%'>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of organization or
domicile of Selling Securityholder:</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=536
 style='width:402.0pt;margin-left:77.4pt;border-collapse:collapse'>
 <tr>
  <td width=536 valign=top style='width:402.0pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=536 valign=top style='width:402.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'>

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



<p class=MsoNormal style='line-height:115%'><b>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Address for Notices
to Selling Securityholder:</b></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=624
 style='width:6.5in;margin-left:5.4pt;border-collapse:collapse'>
 <tr>
  <td width=624 valign=top style='width:6.5in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=624 valign=top style='width:6.5in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=624 valign=top style='width:6.5in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=624 valign=top style='width:6.5in;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='line-height:115%'>Telephone:</p>
  </td>
 </tr>
 <tr>
  <td width=624 valign=top style='width:6.5in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='line-height:115%'>Fax:</p>
  </td>
 </tr>
 <tr>
  <td width=624 valign=top style='width:6.5in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='line-height:115%'>Contact Person:</p>
  </td>
 </tr>
 <tr>
  <td width=624 valign=top style='width:6.5in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='line-height:115%'>Email:</p>
  </td>
 </tr>
</table>



<p class=MsoNormal style='margin-left:.5in;line-height:115%'>Note:&nbsp;&nbsp; By
providing an email address, the undersigned hereby consents to receipt of
notices by email.</p>



<p class=MsoNormal style='line-height:115%'>Any such notice shall also be sent
to the following address (which shall not constitute notice):</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=624
 style='width:6.5in;margin-left:5.4pt;border-collapse:collapse'>
 <tr>
  <td width=624 valign=top style='width:6.5in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=624 valign=top style='width:6.5in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=624 valign=top style='width:6.5in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=624 valign=top style='width:6.5in;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='line-height:115%'>Telephone:</p>
  </td>
 </tr>
 <tr>
  <td width=624 valign=top style='width:6.5in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='line-height:115%'>Fax:</p>
  </td>
 </tr>
 <tr>
  <td width=624 valign=top style='width:6.5in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='line-height:115%'>Contact Person:</p>
  </td>
 </tr>
 <tr>
  <td width=624 valign=top style='width:6.5in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='line-height:115%'>Email:</p>
  </td>
 </tr>
</table>



<p class=MsoNormal style='line-height:115%'><b>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficial Ownership
of Registrable Securities:</b></p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Type and principal
amount of Registrable Securities beneficially owned:</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=528
 style='width:5.5in;margin-left:77.4pt;border-collapse:collapse'>
 <tr>
  <td width=528 valign=top style='width:5.5in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=528 valign=top style='width:5.5in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=528 valign=top style='width:5.5in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=528 valign=top style='width:5.5in;border:none;padding:0in 5.4pt 0in 5.4pt'>

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



<p class=MsoFooter>B-2</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If applicable, provide
the information required by Items 1 and 2 for each beneficial owner.</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=528
 style='width:5.5in;margin-left:77.4pt;border-collapse:collapse'>
 <tr>
  <td width=528 valign=top style='width:5.5in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=528 valign=top style='width:5.5in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=528 valign=top style='width:5.5in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=528 valign=top style='width:5.5in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=528 valign=top style='width:5.5in;border:none;padding:0in 5.4pt 0in 5.4pt'>

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

<p class=MsoNormal style='line-height:115%'><b>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Broker-Dealer Status:</b></p>



<p class=MsoNormal style='line-height:115%'>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Are you a broker-dealer?</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Yes&nbsp; [&nbsp; ] &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No&nbsp;
[&nbsp; ]</p>



<p class=MsoNormal style='margin-left:.5in;line-height:115%'>Note:&nbsp;&nbsp; If yes,
the Commission's staff has indicated that you should be identified as an
underwriter in any Registration Statement filed pursuant to the Registration Rights
Agreement.</p>



<p class=MsoNormal style='line-height:115%'>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Are you an affiliate of
a broker-dealer?</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Yes&nbsp; [&nbsp; ] &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No&nbsp;
[&nbsp; ]</p>



<p class=MsoNormal style='line-height:115%'>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If you are an affiliate
of a broker-dealer, do you certify that you bought the Registrable Securities
in the ordinary course of business, and at the time of the purchase of the
Registrable Securities to be resold, you had no agreements or understandings,
directly or indirectly, with any person to distribute the Registrable
Securities?</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Yes&nbsp; [&nbsp; ] &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No&nbsp;
[&nbsp; ]</p>



<p class=MsoNormal style='margin-left:.5in;line-height:115%'>Note:&nbsp;&nbsp; If no, the
Commission's staff has indicated that you should be identified as an
underwriter in any Registration Statement filed pursuant to the Registration
Rights Agreement.</p>



<p class=MsoNormal style='line-height:115%'>If you checked &quot;Yes&quot; to either of
the questions in Item 4(a) or Item 4(b) above, please state (a) the name of any
such broker-dealer, (b) the nature of your affiliation or association with such
broker-dealer, (c) information as to such broker-dealer's participation in any
capacity in the offering or the original placement of the Securities, (d) the
number of shares of equity securities or face value of debt securities of the
Company owned by you, (e) the date such securities were</p>

<p class=MsoFooter>B-3</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal style='line-height:115%'>&nbsp;acquired and (f) the price paid
for such securities.</p>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=528
 style='width:5.5in;margin-left:77.4pt;border-collapse:collapse'>
 <tr>
  <td width=528 valign=top style='width:5.5in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=528 valign=top style='width:5.5in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=528 valign=top style='width:5.5in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=528 valign=top style='width:5.5in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=528 valign=top style='width:5.5in;border:none;padding:0in 5.4pt 0in 5.4pt'>

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

<p class=MsoNormal style='line-height:115%'><b>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficial Ownership
of Other Securities of the Company Owned by the Selling Securityholder.</b></p>

<p class=MsoNormal style='line-height:115%'><i>&nbsp;</i></p>

<p class=MsoNormal style='line-height:115%'><i>Except as set forth below in
this Item 5, the undersigned is not the beneficial or registered owner of any
securities of the Company other than the Registrable Securities listed above in
Item 3.</i></p>



<p class=MsoNormal style='line-height:115%'>Type and amount of other securities
beneficially owned by the Selling Securityholder:</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=528
 style='width:5.5in;margin-left:77.4pt;border-collapse:collapse'>
 <tr>
  <td width=528 valign=top style='width:5.5in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=528 valign=top style='width:5.5in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=528 valign=top style='width:5.5in;border:none;padding:0in 5.4pt 0in 5.4pt'>

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



<p class=MsoNormal style='line-height:115%'><b>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Relationships with
the Company:</b></p>

<p class=MsoNormal style='line-height:115%'><i>Except as set forth below,
neither the undersigned nor any of its affiliates, officers, directors or
principal equity holders (owners of 5% of more of the equity securities of the
undersigned) has held any position or office or has had any other material
relationship with the Company (or its predecessors or affiliates) during the
past three years.</i></p>



<p class=MsoNormal style='line-height:115%'>State any exceptions here:</p>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=576
 style='width:6.0in;margin-left:41.4pt;border-collapse:collapse'>
 <tr>
  <td width=576 valign=top style='width:6.0in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=576 valign=top style='width:6.0in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=576 valign=top style='width:6.0in;border:none;padding:0in 5.4pt 0in 5.4pt'>

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



<p class=MsoFooter>B-4</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal style='line-height:115%'><b>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plan of Distribution:</b></p>

<p class=MsoNormal style='line-height:115%'><i>&nbsp;</i></p>

<p class=MsoNormal style='line-height:115%'><i>Except as set forth below, the
undersigned intends to distribute the Registrable Securities listed above in
Item 3 only as set forth in Exhibit B to the Registration Rights Agreement (if
at all):</i></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=576
 style='width:6.0in;margin-left:41.4pt;border-collapse:collapse'>
 <tr>
  <td width=576 valign=top style='width:6.0in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=576 valign=top style='width:6.0in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=576 valign=top style='width:6.0in;border:none;padding:0in 5.4pt 0in 5.4pt'>

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

<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The undersigned agrees
to promptly notify the Company of any inaccuracies or changes in the
information provided herein that may occur subsequent to the date hereof and
prior to the effective date of any applicable Registration Statement filed
pursuant to the Registration Rights Agreement.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By signing below, the
undersigned consents to the disclosure of the information contained herein in
its answers to Items 1 through 7 and the inclusion of such information in each
Registration Statement filed pursuant to the Registration Rights Agreement and
each related prospectus.&nbsp; The undersigned understands that such information
will be relied upon by the Company in connection with the preparation or
amendment of any such Registration Statement and the related prospectus.</p>



<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By signing below, the
undersigned acknowledges that it understands its obligation to comply, and
agrees that it will comply, with the provisions of the Exchange Act and the
rules and regulations thereunder, particularly Regulation M.&nbsp; The undersigned
also acknowledges that it understands that the answers to this Questionnaire
are furnished for use in connection with Registration Statements filed pursuant
to the Registration Rights Agreement and any amendments or supplements thereto
filed with the Commission pursuant to the Securities Act.</p>

<p class=MsoNormal style='line-height:115%'>I confirm that, to the best of my
knowledge and belief, the foregoing statements (including without limitation
the answers to this Questionnaire) are correct.</p>



<p class=MsoNormal align=center style='text-align:center;line-height:115%'>[Signature
Page Follows.]</p>

<p class=MsoFooter>B-5</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>














<p class=MsoNormal style='line-height:115%'>IN WITNESS WHEREOF the undersigned,
by authority duly given, has caused this Questionnaire to be executed and
delivered either in person or by its duly authorized agent.</p>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=265 valign=top style='width:198.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='line-height:115%'>Dated:______________________</p>
  </td>
  <td width=30 valign=top style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=343 valign=top style='width:257.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='line-height:115%'>Beneficial Owner:</p>
  </td>
 </tr>
 <tr>
  <td width=265 valign=top style='width:198.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=30 valign=top style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=343 valign=top style='width:257.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='line-height:115%'>By:_________________________________</p>
  </td>
 </tr>
 <tr>
  <td width=265 valign=top style='width:198.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=30 valign=top style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=343 valign=top style='width:257.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='line-height:115%'>Name:_______________________________</p>
  </td>
 </tr>
 <tr>
  <td width=265 valign=top style='width:198.9pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=30 valign=top style='width:22.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=343 valign=top style='width:257.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='line-height:115%'>Title:________________________________</p>
  </td>
 </tr>
</table>





<p class=MsoNormal style='line-height:115%'><b>PLEASE FAX A COPY OF THE
COMPLETED AND EXECUTED QUESTIONNAIRE, AND RETURN THE ORIGINAL BY OVERNIGHT
MAIL, TO:</b></p>



<p class=MsoNormal style='line-height:115%'>Good Times Restaurants Inc.</p>

<p class=MsoNormal style='line-height:115%'>601 Corporate Circle</p>

<p class=MsoNormal style='line-height:115%'>Golden, CO 80401</p>

<p class=MsoNormal style='line-height:115%'>Fax No.:&nbsp; (303) 384-1400</p>

<p class=MsoNormal style='line-height:115%'>Attn:&nbsp; Boyd E. Hoback, President
&amp; CEO</p>



<p class=MsoNormal style='line-height:115%'>with a copy to:</p>



<p class=MsoNormal style='line-height:115%'>Snell &amp; Wilmer
L.L.P.</p>

<p class=MsoNormal style='line-height:115%'>1200 Seventeenth Street, Suite 1900</p>

<p class=MsoNormal style='line-height:115%'>Denver, CO 80202</p>

<p class=MsoNormal style='line-height:115%'>Fax No.:&nbsp; (303)
634-2020</p>

<p class=MsoFooter>Attn:&nbsp; Roger C. Cohen, Esq.B-6</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>





</div>

</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2
<SEQUENCE>3
<FILENAME>amendedrestatedcreditagree1.htm
<TEXT>
<html>

<head>
<!-- Document Prepared With E-Services, LLC HTML Software-->
<!-- Copyright 2006 E-Services, LLC.-->
<!-- All rights reserved EDGAR2.com -->





</head>

<body lang=EN-US link=blue vlink=purple>

<div class=WordSection1>

<p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>

<p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>









<p class=MsoNormal align=center style='text-align:center'><b>AMENDED AND
RESTATED CREDIT AGREEMENT</b></p>

<p class=MsoNormal><b>&nbsp;</b></p>

<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; THIS AMENDED AND RESTATED CREDIT AGREEMENT (this &quot;Agreement&quot;)
is entered into as of December 13, 2010, by and among GOOD TIMES RESTAURANTS
INC., a Nevada corporation (&quot;GTR&quot;), and GOOD TIMES DRIVE THRU INC., a Colorado
corporation (&quot;GTDT&quot; and, together, with GTR, &quot;Borrower&quot;), and WELLS FARGO BANK,
NATIONAL ASSOCIATION (&quot;Bank&quot;).</p>



<p class=MsoNormal><b><u>RECITALS</u></b></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WHEREAS, GTR and Bank entered into a Credit
Agreement dated as of April 18, 2007 (the &quot;Former Credit Agreement&quot;); and</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WHEREAS, GTR has requested that certain amendments
be made to the Former Credit Agreement, including without limitation the
addition of GTDT as a borrower;</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WHEREAS, GTR, GTDT and Bank have agreed to amend
and restate the Former Credit Agreement pursuant to the terms and conditions
set forth herein.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NOW, THEREFORE, for valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, GTR, GTDT and Bank
hereby agree that the Former Credit Agreement is hereby amended and restated to
read in its entirety as follows:</p>



<p class=MsoNormal align=center style='text-align:center'><u>ARTICLE 1</u></p>

<p class=MsoNormal align=center style='text-align:center'><u>CREDIT TERMS</u></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 1.1&nbsp;&nbsp;&nbsp;&nbsp; TERM LOAN.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp; <u>Term Loan</u>.&nbsp; On April 18, 2007, Bank
made a loan to Borrower in the principal amount of One Million One Hundred
Thousand Dollars ($1,100,000) (&quot;Term Loan&quot;), the proceeds of which were used to
finance Borrower's capital expenditures.&nbsp; The current outstanding principal
amount of the Term Loan as of the date hereof is $700,514.00.&nbsp; Borrower's
obligation to repay the Term Loan is evidenced by a promissory note dated as of
April 18, 2007, as amended and restated on the date hereof (as the same may be
amended, restated or otherwise modified, &quot;Term Note&quot;), all terms of which are
incorporated herein by this reference.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp; <u>Repayment</u>.&nbsp; The principal amount of
the Term Loan shall be repaid in accordance with the provisions of the Term
Note. </p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp; <u>Prepayment</u>.&nbsp; Borrower may prepay
principal on the Term Loan solely in accordance with the provisions of the Term
Note. </p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 1.2&nbsp;&nbsp;&nbsp;&nbsp; INTEREST/FEES.</p>



<p class=MsoNormal>Interest.&nbsp; The outstanding principal balance of each credit
subject hereto shall bear interest at the rate of interest set forth in each
promissory note or other instrument or document executed in connection
therewith.</p>

<p class=DocID>4814-2699-5207/14</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>














<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp; <u>Computation and Payment</u>.&nbsp; Interest
shall be computed on the basis of a 360-day year, actual days elapsed.&nbsp;
Interest shall be payable at the times and place set forth in each promissory
note or other instrument or document required hereby.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 1.3&nbsp;&nbsp;&nbsp;&nbsp; COLLATERAL.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As security for all indebtedness and other
obligations of Borrower to Bank, including without limitation any and all
advances, debts, obligations and liabilities of Borrower, or any of them,
heretofore, now or hereafter made, incurred or created, whether voluntary or
involuntary and however arising, whether due or not due, absolute or contingent,
liquidated or unliquidated, determined or undetermined, including under any
swap, derivative, foreign exchange, hedge, deposit, treasury management or
other similar transaction or arrangement, and whether Borrower may be liable
individually or jointly with others, or whether recovery upon such indebtedness
may be or hereafter becomes unenforceable, Borrower hereby grants to Bank security
interests of first priority in the Collateral (as such term is defined in that
certain Security Agreement:&nbsp; Specific Equipment and Fixtures by Borrower in
favor of Bank dated as of the date hereof, as the same may be from time to time
amended, modified or replaced).</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All of the foregoing shall be evidenced by and
subject to the terms of such security agreements, financing statements, deeds or
mortgages, and other documents as Bank shall reasonably require, all in form
and substance satisfactory to Bank.&nbsp; Borrower shall pay to Bank immediately
upon demand the full amount of all charges, costs and expenses (to include fees
paid to third parties and all allocated costs of Bank personnel), expended or
incurred by Bank in connection with any of the foregoing security, including
without limitation, filing and recording fees and costs of appraisals, audits
and title insurance.</p>



<p class=MsoNormal><a name="_Ref279242334">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 1.4&nbsp;&nbsp;&nbsp;&nbsp; OPTIONAL
PREPAYMENTS.</a></p>



<p class=MsoNormal><a name="_Ref279246268">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp; On or before February
10, 2011, Borrower may prepay without penalty the Term Loan in an amount equal
to the aggregate proceeds (net of customary and reasonable broker and legal
fees) of any sale or other transfer, or series of sales or transfers, of the
real property and/or personal property owned by Borrower located at Lot 1,
Block 1, Astro-Jet Subdivision Filing No. 2 in the City of Colorado Springs,
County of El Paso, State of Colorado and referred to by Borrower as Store # 151,
which prepayment shall (i) be at least $90,000.00, (ii) be applied to reduce
the unpaid principal of the Term Loan and (iii) be applied on the most remote
principal installment or installments of the Term Loan then unpaid.</a></p>



<p class=MsoNormal><a name="_Ref279246308">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp; On or before February
10, 2011, Borrower may elect to prepay without penalty the Term Loan in an
aggregate amount equal to $90,000, which amount shall be payable in
installments of $7,500 on February 10, 2011 and on the first day of each month
thereafter, commencing March 1, 2011, and continuing up to and including
December 1, 2011, with a final installment consisting of the remaining unpaid
balance of such $90,000 prepayment due and payable in full on January 1, 2012, which
prepayment shall be applied to reduce the unpaid principal of the Term Loan and
shall be applied on the most remote principal installment or installments of
the Term Loan then unpaid.&nbsp; Borrower acknowledges and agrees that, if any
payment is made by Borrower to Bank, other than scheduled principal and
interest payments on the Term Note or a payment designated by Borrower as</a></p>

<p class=MsoNormal align=center style='text-align:center'>2</p>

<p class=DocID>4814-2699-5207/14</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal>the prepayment under SECTION 1.4(a), such payment shall be
deemed to be Borrower's election</p>

<p class=MsoNormal>&nbsp;to &nbsp;make the $90,000 prepayment set forth in this 0. &nbsp;If
Borrower elects to make such $90,000 prepayment, Borrower's failure to pay when
due any portion of such $90,000 prepayment shall constitute an Event of
Default.</p>



<p class=MsoNormal align=center style='text-align:center'><u>ARTICLE II</u></p>

<p class=MsoNormal align=center style='text-align:center'><u>REPRESENTATIONS
AND WARRANTIES</u></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrower makes the following representations and
warranties to Bank, which representations and warranties shall survive the
execution of this Agreement and shall continue in full force and effect until
the full and final payment, and satisfaction and discharge, of all obligations
of Borrower to Bank subject to this Agreement.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 2.1&nbsp;&nbsp;&nbsp;&nbsp; LEGAL STATUS.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GTR is a corporation, duly organized and existing
and in good standing under the laws of Nevada, and is qualified or licensed to
do business (and is in good standing as a foreign corporation, if applicable)
in all jurisdictions in which such qualification or licensing is required or in
which the failure to so qualify or to be so licensed could have a material
adverse effect on GTR. &nbsp;GTDT is a corporation, duly organized and existing and
in good standing under the laws of Colorado, and is qualified or licensed to do
business (and is in good standing as a foreign corporation, if applicable) in
all jurisdictions in which such qualification or licensing is required or in
which the failure to so qualify or to be so licensed could have a material
adverse effect on GTDT.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 2.2&nbsp;&nbsp;&nbsp;&nbsp; AUTHORIZATION AND VALIDITY.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This Agreement and each promissory note, contract,
instrument and other document required hereby or at any time hereafter
delivered to Bank in connection herewith (collectively, the &quot;Loan Documents&quot;)
have been duly authorized, and upon their execution and delivery in accordance
with the provisions hereof will constitute legal, valid and binding agreements
and obligations of Borrower or the party which executes the same, enforceable
in accordance with their respective terms.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 2.3&nbsp;&nbsp;&nbsp;&nbsp; NO VIOLATION.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The execution, delivery and performance by
Borrower of each of the Loan Documents do not violate any provision of any law
or regulation, or contravene any provision of Borrower's Articles of
Incorporation or By-Laws, or result in any breach of or default under any
contract, obligation, indenture or other instrument to which Borrower is a
party or by which Borrower may be bound.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 2.4&nbsp;&nbsp;&nbsp;&nbsp; LITIGATION.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; There are no pending, or to the best of Borrower's
knowledge threatened, actions, claims, investigations, suits or proceedings by
or before any governmental authority, arbitrator, court or administrative
agency which could have a material adverse effect on the financial condition or
operation of Borrower other than those disclosed by Borrower to Bank in writing
prior to the date hereof. </p>

<p class=MsoNormal align=center style='text-align:center'>3</p>

<p class=DocID>4814-2699-5207/14</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 2.5&nbsp;&nbsp;&nbsp;&nbsp; CORRECTNESS OF FINANCIAL
STATEMENT.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The annual financial statement of Borrower dated September
30, 2009, and all interim financial statements delivered to Bank since said
date, true copies of which have been delivered by Borrower to Bank prior to the
date hereof, (a) are complete and correct and present fairly the financial
condition of Borrower, (b) disclose all liabilities of Borrower that are
required to be reflected or reserved against under generally accepted
accounting principles, whether liquidated or unliquidated, fixed or contingent,
and (c) have been prepared in accordance with generally accepted accounting
principles consistently applied.&nbsp; Since the dates of such financial statements
there has been no material adverse change in the financial condition of
Borrower, nor has Borrower mortgaged, pledged, granted a security interest in
or otherwise encumbered any of its assets or properties except in favor of Bank
or as otherwise permitted by Bank in writing.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 2.6&nbsp;&nbsp;&nbsp;&nbsp; INCOME TAX RETURNS.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrower has no knowledge of any pending assessments
or adjustments of its income tax payable with respect to any year.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 2.7&nbsp;&nbsp;&nbsp;&nbsp; NO SUBORDINATION.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; There is no agreement, indenture, contract or
instrument to which Borrower is a party or by which Borrower may be bound that
requires the subordination in right of payment of any of Borrower's obligations
subject to this Agreement to any other obligation of Borrower.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 2.8&nbsp;&nbsp;&nbsp;&nbsp; PERMITS, FRANCHISES.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrower possesses, and will hereafter possess,
all permits, consents, approvals, franchises and licenses required and rights
to all trademarks, trade names, patents, and fictitious names, if any,
necessary to enable it to conduct the business in which it is now engaged in
compliance with applicable law.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 2.9&nbsp;&nbsp;&nbsp;&nbsp; ERISA.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrower is in compliance in all material respects
with all applicable provisions of the Employee Retirement Income Security Act
of 1974, as amended or recodified from time to time (&quot;ERISA&quot;); Borrower has not
violated any provision of any defined employee pension benefit plan (as defined
in ERISA) maintained or contributed to by Borrower (each, a &quot;Plan&quot;); no
Reportable Event as defined in ERISA has occurred and is continuing with
respect to any Plan initiated by Borrower; Borrower has met its minimum funding
requirements under ERISA with respect to each Plan; and each Plan will be able
to fulfill its benefit obligations as they come due in accordance with the Plan
documents and under generally accepted accounting principles.</p>

<p class=MsoNormal align=center style='text-align:center'>4</p>

<p class=DocID>4814-2699-5207/14</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 2.10&nbsp;&nbsp; OTHER OBLIGATIONS.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrower is not in default on any obligation for
borrowed money, any purchase money obligation or any other material lease,
commitment, contract, instrument or obligation.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 2.11&nbsp;&nbsp; ENVIRONMENTAL MATTERS.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Except as disclosed by Borrower to Bank in writing
prior to the date hereof, Borrower is in compliance in all material respects
with all applicable federal or state environmental, hazardous waste, health and
safety statutes, and any rules or regulations adopted pursuant thereto, which
govern or affect any of Borrower's operations and/or properties, including
without limitation, the Comprehensive Environmental Response, Compensation and
Liability Act of 1980, the Superfund Amendments and Reauthorization Act of
1986, the Federal Resource Conservation and Recovery Act of 1976, and the
Federal Toxic Substances Control Act, as any of the same may be amended,
modified or supplemented from time to time.&nbsp; None of the operations of Borrower
is the subject of any federal or state investigation evaluating whether any
remedial action involving a material expenditure is needed to respond to a
release of any toxic or hazardous waste or substance into the environment.&nbsp;
Borrower has no material contingent liability in connection with any release of
any toxic or hazardous waste or substance into the environment.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 2.12&nbsp;&nbsp; REAL PROPERTY COLLATERAL.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Except as disclosed by Borrower to Bank in writing
prior to the date hereof, with respect to any real property collateral required
hereby:</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp; All taxes, governmental assessments, insurance
premiums, and water, sewer and municipal charges, and rents (if any) which
previously became due and owing in respect thereof have been paid as of the
date hereof. </p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp; There are no mechanics' or similar liens
or claims which have been filed for work, labor or material (and no rights are
outstanding that under law could give rise to any such lien) which affect all
or any interest in any such real property and which are or may be prior to or
equal to the lien thereon in favor of Bank.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp; None of the improvements which were
included for purpose of determining the appraised value of any such real
property lies outside of the boundaries and/or building restriction lines
thereof, and no improvements on adjoining properties materially encroach upon any
such real property.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d)&nbsp;&nbsp;&nbsp;&nbsp; There is no pending, or to the best of
Borrower's knowledge threatened, proceeding for the total or partial
condemnation of all or any portion of any such real property, and all such real
property is in good repair and free and clear of any damage that would
materially and adversely affect the value thereof as security and/or the
intended use thereof.</p>

<p class=MsoNormal align=center style='text-align:center'>5</p>

<p class=DocID>4814-2699-5207/14</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal align=center style='text-align:center'><u>ARTICLE III</u></p>

<p class=MsoNormal align=center style='text-align:center'><u>CONDITIONS</u></p>



<p class=MsoNormal>SECTION 3.1&nbsp;&nbsp;&nbsp;&nbsp; CONDITIONS OF INITIAL EXTENSION OF CREDIT.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The obligation of Bank to extend any credit contemplated
by this Agreement is subject to the fulfillment to Bank's satisfaction of all
of the following conditions:</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp; Approval of Bank Counsel.&nbsp; All legal
matters incidental to the extension of credit by Bank shall be satisfactory to
Bank's counsel.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp; Documentation.&nbsp; Bank shall have received,
in form and substance satisfactory to Bank, each of the following, duly
executed:</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This Agreement and each
promissory note or other instrument or document required hereby.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ii)&nbsp;&nbsp;&nbsp;&nbsp; The Security Agreement:&nbsp;
Specific Equipment and Fixtures.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (iii)&nbsp;&nbsp;&nbsp; Corporate Resolutions:&nbsp;
Borrowing from each of GTDT and GTR.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (iv)&nbsp;&nbsp;&nbsp; A Certificate of Incumbency from
each of GTDT and GTR.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (v)&nbsp;&nbsp;&nbsp;&nbsp; A Guaranty from each of GTDT and
GTR.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (vi)&nbsp;&nbsp;&nbsp; Corporate Resolutions:&nbsp; Continuing
Guaranty from each of GTDT and GTR.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (vii)&nbsp;&nbsp; Such other documents as Bank may
require under any other SECTION of this Agreement.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp; Insurance.&nbsp; Borrower shall have delivered
to Bank evidence of insurance coverage on all Borrower's property, in form,
substance, amounts, covering risks and issued by companies satisfactory to
Bank, and where required by Bank, with loss payable endorsements in favor of
Bank.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d)&nbsp;&nbsp;&nbsp;&nbsp; Amendment Fee.&nbsp; A non-refundable fee from
Borrower in the amount of $10,000 shall be fully earned on the date hereof, in
consideration of Bank's execution and delivery of this Agreement, which fee
shall be paid as follows:&nbsp; (i) $2,500 shall be paid on the date hereof, (ii) $2,500
shall be paid on January 1, 2011, (iii) $2,500 shall be paid on February&nbsp;1,
2011 and (iv) $2,500 shall be paid on March 1, 2011.</p>

<p class=MsoNormal align=center style='text-align:center'>6</p>

<p class=DocID>4814-2699-5207/14</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 3.2&nbsp;&nbsp;&nbsp;&nbsp; CONDITIONS OF EACH EXTENSION OF
CREDIT.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The obligation of Bank to make each extension of
credit requested by Borrower hereunder shall be subject to the fulfillment to
Bank's satisfaction of each of the following conditions:</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp; Compliance.&nbsp; The representations and
warranties contained herein and in each of the other Loan Documents shall be
true on and as of the date of the signing of this Agreement and on the date of
each extension of credit by Bank pursuant hereto, with the same effect as
though such representations and warranties had been made on and as of each such
date, and on each such date, no Event of Default as defined herein, and no
condition, event or act which with the giving of notice or the passage of time
or both would constitute such an Event of Default, shall have occurred and be
continuing or shall exist.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp; Documentation.&nbsp; Bank shall have received
all additional documents which may be required in connection with such
extension of credit.</p>



<p class=MsoNormal align=center style='text-align:center'><u>ARTICLE IV</u></p>

<p class=MsoNormal align=center style='text-align:center'><u>AFFIRMATIVE
COVENANTS</u></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrower covenants that so long as Bank remains
committed to extend credit to Borrower pursuant hereto, or any liabilities
(whether direct or contingent, liquidated or unliquidated) of Borrower to Bank
under any of the Loan Documents remain outstanding, and until payment in full
of all obligations of Borrower subject hereto, Borrower shall, unless Bank
otherwise consents in writing:</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 4.1&nbsp;&nbsp;&nbsp;&nbsp; PUNCTUAL PAYMENTS.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Punctually pay all principal, interest, fees or
other liabilities due under any of the Loan Documents at the times and place
and in the manner specified therein.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 4.2&nbsp;&nbsp;&nbsp;&nbsp; ACCOUNTING RECORDS.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintain adequate books and records in accordance
with generally accepted accounting principles consistently applied, and permit
any representative of Bank, at any reasonable time, to inspect, audit and
examine such books and records, to make copies of the same, and to inspect the
properties of Borrower.</p>



<p class=MsoNormal>SECTION 4.3&nbsp;&nbsp;&nbsp;&nbsp; FINANCIAL STATEMENTS.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provide to Bank all of the following, in form and
detail satisfactory to Bank:</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp; not later than 120 days after and as of
the end of each fiscal year, a copy of Borrower's 10-K report filed with the
Securities and Exchange Commission, prepared by a certified public accountant
acceptable to Bank, to include a balance sheet, income statement and statement
of cash flow;</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp; not later than 45 days after and as of the
end of each fiscal quarter, a copy of Borrower's 10-Q report filed with the
Securities and Exchange Commission, prepared by a certified public accountant
acceptable to Bank;</p>

<p class=MsoNormal align=center style='text-align:center'>7</p>

<p class=DocID>4814-2699-5207/14</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp; not later than 30 days after and as of the
end of each month, a consolidated and consolidating financial statement of
Borrower, prepared by Borrower, to include Borrower's balance sheet, income
statement, and statement of&nbsp; retained earnings and cash flows;</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d)&nbsp;&nbsp;&nbsp;&nbsp; not later than 60 days after and as of the
end of each fiscal year, a copy of the company prepared projection report; and</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (e)&nbsp;&nbsp;&nbsp;&nbsp; from time to time such other information
as Bank may reasonably request, including without limitation, any information
with respect to any real property collateral required hereby.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 4.4&nbsp;&nbsp;&nbsp;&nbsp; COMPLIANCE.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preserve and maintain all licenses, permits,
governmental approvals, rights, privileges and franchises necessary for the
conduct of its business; and comply with the provisions of all documents
pursuant to which Borrower is organized and/or which govern Borrower's
continued existence and with the requirements of all laws, rules, regulations
and orders of any governmental authority applicable to Borrower and/or its
business.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 4.5&nbsp;&nbsp;&nbsp;&nbsp; INSURANCE.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintain and keep in force, for each business in
which Borrower is engaged, insurance of the types and in amounts customarily
carried in similar lines of business, including but not limited to fire,
extended coverage, public liability, flood, property damage and workers'
compensation, with all such insurance carried with companies and in amounts
satisfactory to Bank, and deliver to Bank from time to time at Bank's request
schedules setting forth all insurance then in effect.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 4.6&nbsp;&nbsp;&nbsp;&nbsp; FACILITIES.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Keep all properties useful or necessary to
Borrower's business in good repair and condition, and from time to time make
necessary repairs, renewals and replacements thereto so that such properties
shall be fully and efficiently preserved and maintained.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 4.7&nbsp;&nbsp;&nbsp;&nbsp; TAXES AND OTHER LIABILITIES.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pay and discharge when due any and all
indebtedness, obligations, assessments and taxes, both real or personal,
including without limitation federal and state income taxes and state and local
property taxes and assessments, except (a) such as Borrower may in good faith
contest or as to which a bona fide dispute may arise, and (b) for which
Borrower has made provision, to Bank's satisfaction, for eventual payment
thereof in the event Borrower is obligated to make such payment.</p>

<p class=MsoNormal align=center style='text-align:center'>8</p>

<p class=DocID>4814-2699-5207/14</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 4.8&nbsp;&nbsp;&nbsp;&nbsp; LITIGATION.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Promptly give notice in writing to Bank of any material
litigation pending or threatened against Borrower.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 4.9&nbsp;&nbsp;&nbsp;&nbsp; FINANCIAL CONDITION.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintain Borrower's financial condition as follows
using generally accepted accounting principles consistently applied and used
consistently with prior practices (except to the extent modified by the
definitions herein):</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp; Net Worth not less than $2,500,000 at any
time, with &quot;Net Worth&quot; defined as the aggregate of total stockholders' equity
plus debt subject to a subordination agreement in favor of and acceptable to
Bank, less any intangible assets, all determined for GTDT on a consolidated
basis.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp; Total Liabilities divided by Tangible Net
Worth not greater than 3.0 to 1.0 at any time, with &quot;Total Liabilities&quot; defined
as the aggregate of current liabilities and non-current liabilities less debt
subject to a subordination agreement in favor of and acceptable to Bank, and
with &quot;Tangible Net Worth&quot; as defined above, all determined for GTDT on a
consolidated basis.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp; EBITDA Coverage Ratio not less than (i)
0.90 to 1.00 as of the end of the first fiscal quarter of Borrower's fiscal
year 2012, (ii) 1.20 to 1.00 as of the end of the second fiscal quarter of
Borrower's fiscal year 2012, and (iii) 1.50 to 1.00 as of the end of the third
fiscal quarter of Borrower's fiscal year 2012 and as of the end of each fiscal
quarter thereafter, determined on a rolling 4-quarter basis, with &quot;EBITDA&quot;
defined as net profit before tax plus interest expense payable in cash (net of
capitalized interest expense), depreciation expense and amortization expense,
less dividends, with &quot;EBITDA Coverage Ratio&quot; defined as EBITDA divided by the
aggregate of total interest expense payable in cash plus the prior period
current maturity of long-term debt and the prior period current maturity of
debt subject to a subordination agreement in favor of and acceptable to Bank,
all determined for GTDT on a consolidated basis.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 4.10&nbsp;&nbsp; NOTICE TO BANK.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Promptly (but in no event more than five (5) days
after the occurrence of each such event or matter) give written notice to Bank
in reasonable detail of:&nbsp; (a) the occurrence of any Event of Default, or any
condition, event or act which with the giving of notice or the passage of time
or both would constitute an Event of Default; (b) any change in the name or the
organizational structure of Borrower; (c) the occurrence and nature of any
Reportable Event or Prohibited Transaction, each as defined in ERISA, or any
funding deficiency with respect to any Plan; or (d) any termination or
cancellation of any insurance policy which Borrower is required to maintain, or
any uninsured or partially uninsured loss through liability or property damage,
or through fire, theft or any other cause affecting Borrower's property.</p>

<p class=MsoNormal align=center style='text-align:center'>9</p>

<p class=DocID>4814-2699-5207/14</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal><a name="_Ref279240960">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 4.11&nbsp;&nbsp; REAL ESTATE
DOCUMENTS.</a></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unless, on or before February 10, 2011, (x) Bank
receives the prepayment set forth in 0 in immediately available funds or (y)
Borrower elects to make the $90,000 prepayment as set forth in 0, deliver to
Bank each of the following, each in form and substance acceptable to Bank in
its sole discretion:</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp; One or more Leasehold Deeds of Trust fully
executed by GTDT (and notarized), which encumber the stores located at 808 East
Colfax, Denver (Store #102), 1300 South Colorado Blvd., Denver (Store #103),
8930 Hampden Ave., Denver (Store #110), and 4975 North Federal, Denver (Store
#112);</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp; ALTA Policies of Title Insurance with such
endorsements as Bank may require, covering each of the stores located at 808
East Colfax, Denver (Store #102), 1300 South Colorado Blvd., Denver (Store
#103), 8930 Hampden Ave., Denver (Store #110), and 4975 North Federal, Denver
(Store #112), issued by a company satisfactory to Bank in such amount as Bank
shall require, insuring Bank's lien on the real property collateral required
hereby to be of first priority, subject only to such exemptions as Bank shall
approve in its discretion with all costs to be paid by Borrower;</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp; Assignments of Ground Lease for each of
the stores located at 808 East Colfax, Denver (Store #102), 1300 South Colorado
Blvd., Denver (Store #103), 8930 Hampden Ave., Denver (Store #110), and 4975
North Federal, Denver (Store #112);</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d)&nbsp;&nbsp;&nbsp;&nbsp; Improvement Location Certificates for each
of the stores located at 808 East Colfax, Denver (Store #102), 1300 South
Colorado Blvd., Denver (Store #103), 8930 Hampden Ave., Denver (Store #110),
and 4975 North Federal, Denver (Store #112);</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (e)&nbsp;&nbsp;&nbsp;&nbsp; Assignments of Tenant's Interest In Ground
Lease With Landlords' Disclaimer and Consent for each of the stores located at
808 East Colfax, Denver (Store #102), 1300 South Colorado Blvd., Denver (Store
#103), 8930 Hampden Ave., Denver (Store #110), and 4975 North Federal, Denver
(Store #112), each of which has been fully executed (and notarized if requested
by Bank) by GTDT and by the fee owners of each of such properties;</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; An original memorandum of lease which has
been fully executed (with signatures notarized) by both GTDT and the landlord owning
the fee interest in Store 103 (1300 S. Colorado Blvd.), which memorandum of
lease shall be in recordable form and satisfactory to the company issuing the
American Land Title Association policies of title insurance in favor of Bank;</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (g)&nbsp;&nbsp;&nbsp;&nbsp; An original re-assignment of the lease for
Store # 110 that re-assigns the lease from Ceda Enterprises, Inc. to GTDT and
which is fully executed by Ceda Enterprises, Inc. and GTDT (and notarized) and
is in recordable form;</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (h)&nbsp;&nbsp;&nbsp;&nbsp; Payment in full of the Storm Drainage Sewer
Charges levied by the City and County of Denver that are due or past due with
respect to 808 East Colfax, Denver (Store #102), and a Release of Statement of
Lien filed by the City and County of Denver in the amount of $378.00 recorded
February 2, 2010 at Reception No. 2010011952;</p>

<p class=MsoNormal align=center style='text-align:center'>10</p>

<p class=DocID>4814-2699-5207/14</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Such other documents or instruments as
may be required by the company issuing the American Land Title Association
policies of title insurance in favor of Bank;</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Evidence of insurance coverage on all
Borrower's property, in form, substance, amounts, covering risks and issued by
companies satisfactory to Bank, and where required by Bank, with loss payable
endorsements in favor of Bank, including without limitation, policies of fire
and extended coverage insurance covering all real property collateral required
hereby, with replacement cost and mortgagee loss payable endorsements, and such
policies of insurance against specific hazards affecting any such real
property, including terrorism, as may be required by governmental regulation or
Bank; and </p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (k)&nbsp;&nbsp;&nbsp;&nbsp; A tax service contract, procured and
delivered to Bank, at Borrower's cost, as Bank shall require for any real
property collateral required hereby, to remain in effect as long as such real
property secures any obligations of Borrower to Bank as required hereby.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 4.12&nbsp;&nbsp; LANDLORD'S DISCLAIMERS.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp; On or before February 10, 2011, deliver to
Bank each of the following, each in form and substance acceptable to Bank in
its sole discretion:&nbsp; A landlord's disclaimer and consent and a recordable
memorandum related thereto, each fully executed (and notarized if requested by
Bank), by each landlord from which Borrower leases premises at which Collateral
(as such term is defined in that certain Security Agreement:&nbsp; Specific Equipment
and Fixtures by Borrower in favor of Bank dated as of the date hereof, as the
same may be from time to time amended, modified or replaced) is located,
including without limitation the following landlords: The Bailey Company, LLLP
(Corporate Location), Walter R. Morris, the Trustee of the Walter R. Morris
Retirement Trust (Store # 105), DTRS Limited Liability Company (Store # 108),
Edward Kim (Store # 142), Ronald P. Starck (Store # 151), Michelle Jury Habing
and Mark Jury (Store # 154), and LSI Retail III, LLC (Store # 166).</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp; If Borrower fails to deliver any of the
items set forth in 0 on or before February10, 2011, deliver to Bank, on or
before February 11, 2011, each of the following, each in form and substance
acceptable to Bank in its sole discretion:&nbsp; A landlord's disclaimer and consent
and a recordable memorandum related thereto, each fully executed (and notarized
if requested by Bank), by each of the following landlords or their successors
or assigns: &nbsp;Gibraltar Realty Co. (Store # 102), Reliable Investment Company,
LLP (Store # 103), Village Square East LLC (Store # 110), and Stancoll LLC
(Store # 112).</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp; Prior to any Collateral (as such term is
defined in that certain Security Agreement:&nbsp; Specific Equipment and Fixtures by
Borrower in favor of Bank dated as of the date hereof, as the same may be from
time to time amended, modified or replaced) being moved to a location for which
Bank does not have a landlord's disclaimer and consent acceptable to Bank in
its sole discretion, deliver to Bank a landlord's disclaimer and consent and a
recordable memorandum related thereto for such location, fully executed (and
notarized if requested by Bank), and in form and substance acceptable to Bank
in its sole discretion.</p>

<p class=MsoNormal align=center style='text-align:center'>11</p>

<p class=DocID>4814-2699-5207/14</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal align=center style='text-align:center'><u>ARTICLE V</u></p>

<p class=MsoNormal align=center style='text-align:center'><u>NEGATIVE COVENANTS</u></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrower further covenants that so long as Bank
remains committed to extend credit to Borrower pursuant hereto, or any
liabilities (whether direct or contingent, liquidated or unliquidated) of
Borrower to Bank under any of the Loan Documents remain outstanding, and until
payment in full of all obligations of Borrower subject hereto, Borrower will
not without Bank's prior written consent:</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 5.1&nbsp;&nbsp;&nbsp;&nbsp; USE OF FUNDS.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Use any of the proceeds of any credit extended
hereunder except for the purposes stated in Article I hereof. </p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 5.2&nbsp;&nbsp;&nbsp;&nbsp; MERGER, CONSOLIDATION, TRANSFER OF
ASSETS.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Merge into or consolidate with any other entity;
make any substantial change in the nature of Borrower's business as conducted
as of the date hereof; acquire all or substantially all of the assets of any
other entity; nor sell, lease, transfer or otherwise dispose of all or a
substantial or material portion of Borrower's assets except in the ordinary
course of its business. </p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 5.3&nbsp;&nbsp;&nbsp;&nbsp; LOANS, ADVANCES, INVESTMENTS.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Make any loans or advances to or investments in
any person or entity, except any of the foregoing existing as of, and disclosed
to Bank prior to, the date hereof. </p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 5.4&nbsp;&nbsp;&nbsp;&nbsp; DIVIDENDS, DISTRIBUTIONS.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Declare or pay any dividend or distribution either
in cash, stock or any other property on Borrower's stock now or hereafter
outstanding, nor redeem, retire, repurchase or otherwise acquire any shares of
any class of Borrower's stock now or hereafter outstanding.</p>



<p class=MsoNormal>SECTION 5.5&nbsp;&nbsp;&nbsp;&nbsp; NEGATIVE PLEDGE OF REAL PROPERTY ASSETS.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage, pledge, grant or permit to exist a
security interest in, or lien upon, all or any portion of Borrower's real or
personal property assets listed on Schedule 5.5 hereto, except any of the
foregoing in favor of Bank.</p>



<p class=MsoNormal align=center style='text-align:center'><u>ARTICLE VI</u></p>

<p class=MsoNormal align=center style='text-align:center'><u>EVENTS OF DEFAULT</u></p>

<p class=MsoNormal><a name="_Ref277666364">&nbsp;</a></p>

<p class=MsoNormal>The occurrence of any of the following shall constitute an &quot;Event
of Default&quot; under this Agreement:</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp; Borrower shall fail to pay when due any
principal, interest, fees or other amounts payable under any of the Loan
Documents.</p>

<p class=MsoNormal align=center style='text-align:center'>12</p>

<p class=DocID>4814-2699-5207/14</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp; Any financial statement or certificate
furnished to Bank in connection with, or any representation or warranty made by
Borrower or any other party under this Agreement or any other Loan Document
shall prove to be incorrect, false or misleading in any material respect when
furnished or made.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp; Any default in the performance of or
compliance with any obligation, agreement or other provision contained herein
or in any other Loan Document (other than those specifically described as an &quot;Event
of Default&quot; in this 0), and with respect to any such default that by its nature
can be cured, such default shall continue for a period of twenty (20) days from
its occurrence.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d)&nbsp;&nbsp;&nbsp;&nbsp; Any default in the payment or performance
of any obligation, or any defined event of default, under the terms of any
contract, instrument or document (other than any of the Loan Documents)
pursuant to which Borrower, any guarantor hereunder or any general partner or
joint venturer in Borrower if a partnership or joint venture (with each such
guarantor, general partner and/or joint venturer referred to herein as a &quot;Third
Party Obligor&quot;) has incurred any debt or other liability to any person or
entity, including Bank.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (e)&nbsp;&nbsp;&nbsp;&nbsp; Borrower or any Third Party Obligor shall
become insolvent, or shall suffer or consent to or apply for the appointment of
a receiver, trustee, custodian or liquidator of itself or any of its property,
or shall generally fail to pay its debts as they become due, or shall make a
general assignment for the benefit of creditors; Borrower or any Third Party
Obligor shall file a voluntary petition in bankruptcy, or seeking
reorganization, in order to effect a plan or other arrangement with creditors
or any other relief under the Bankruptcy Reform Act, Title 11 of the United
States Code, as amended or recodified from time to time (&quot;Bankruptcy Code&quot;), or
under any state or federal law granting relief to debtors, whether now or
hereafter in effect; or Borrower or any Third Party Obligor shall file an
answer admitting the jurisdiction of the court and the material allegations of
any involuntary petition; or Borrower or any Third Party Obligor shall be
adjudicated a bankrupt, or an order for relief shall be entered against
Borrower or any Third Party Obligor by any court of competent jurisdiction
under the Bankruptcy Code or any other applicable state or federal law relating
to bankruptcy, reorganization or other relief for debtors. </p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The filing of a notice of judgment lien
against Borrower or any Third Party Obligor; or the recording of any abstract
of judgment against Borrower or any Third Party Obligor in any county in which
Borrower or such Third Party Obligor has an interest in real property; or the
service of a notice of levy and/or of a writ of attachment or execution, or
other like process, against the assets of Borrower or any Third Party Obligor;
or the entry of a judgment against Borrower or any Third Party Obligor; or any
involuntary petition or proceeding pursuant to the Bankruptcy Code or any other
applicable state or federal law relating to bankruptcy, reorganization or other
relief for debtors is filed or commenced against Borrower or any Third Party
Obligor.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (g)&nbsp;&nbsp;&nbsp;&nbsp; There shall exist or occur any event or
condition that Bank in good faith believes impairs, or is substantially likely to
impair, the prospect of payment or performance by Borrower, any Third Party
Obligor, or the general partner of either if such entity is a partnership, of
its obligations under any of the Loan Documents.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (h)&nbsp;&nbsp;&nbsp;&nbsp; The death or incapacity of Borrower or any
Third Party Obligor if an individual. &nbsp;The dissolution or liquidation of
Borrower or any Third Party Obligor if a corporation, partnership, joint</p>

<p class=MsoNormal align=center style='text-align:center'>13</p>

<p class=DocID>4814-2699-5207/14</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal>venture or other type of entity; or Borrower or any such
Third Party Obligor, or any of its directors, stockholders or members, shall
take action seeking to effect the dissolution or liquidation of Borrower or
such Third Party Obligor.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Any change in control of Borrower, with &quot;control&quot;
defined as ownership of an aggregate of twenty-five percent (25%) or more of
the common stock, members' equity or other ownership interest (other than a
limited partnership interest).</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The sale, transfer, hypothecation, assignment
or encumbrance, whether voluntary, involuntary or by operation of law, without
Bank's prior written consent, of all or any part of or interest in any real
property collateral required hereby.</p>



<p class=MsoNormal><a name="_Ref276555408">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 6.2&nbsp;&nbsp;&nbsp;&nbsp; REMEDIES.</a></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upon the occurrence of any Event of Default:&nbsp; (a) all
indebtedness of Borrower under each of the Loan Documents, any term thereof to
the contrary notwithstanding, shall at Bank's option and without notice become
immediately due and payable without presentment, demand, protest or notice of
dishonor, all of which are hereby expressly waived by Borrower; (b) the
obligation, if any, of Bank to extend any further credit under any of the Loan
Documents shall immediately cease and terminate; and (c) Bank shall have all
rights, powers and remedies available under each of the Loan Documents, or
accorded by law, including without limitation the right to resort to any or all
security for any credit subject hereto and to exercise any or all of the rights
of a beneficiary or secured party pursuant to applicable law.&nbsp; All rights,
powers and remedies of Bank may be exercised at any time by Bank and from time
to time after the occurrence of an Event of Default, are cumulative and not
exclusive, and shall be in addition to any other rights, powers or remedies
provided by law or equity. </p>



<p class=MsoNormal align=center style='text-align:center'><u>ARTICLE VII</u></p>

<p class=MsoNormal align=center style='text-align:center'><u>MISCELLANEOUS</u></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 7.1&nbsp;&nbsp;&nbsp;&nbsp; NO WAIVER.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No delay, failure or discontinuance of Bank in
exercising any right, power or remedy under any of the Loan Documents shall
affect or operate as a waiver of such right, power or remedy; nor shall any
single or partial exercise of any such right, power or remedy preclude, waive
or otherwise affect any other or further exercise thereof or the exercise of
any other right, power or remedy.&nbsp; Any waiver, permit, consent or approval of
any kind by Bank of any breach of or default under any of the Loan Documents
must be in writing and shall be effective only to the extent set forth in such
writing.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 7.2&nbsp;&nbsp;&nbsp;&nbsp; NOTICES.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All notices, requests and demands which any party
is required or may desire to give to any other party under any provision of
this Agreement must be in writing delivered to each party at the following
address:</p>

<p class=MsoNormal align=center style='text-align:center'>14</p>

<p class=DocID>4814-2699-5207/14</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=247 valign=top style='width:185.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>BORROWER</p>
  </td>
  <td width=430 valign=top style='width:322.2pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>GOOD TIMES RESTAURANTS INC.</p>
  </td>
 </tr>
 <tr>
  <td width=247 valign=top style='width:185.4pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=430 valign=top style='width:322.2pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>GOOD TIMES DRIVE THRU INC.</p>
  </td>
 </tr>
 <tr>
  <td width=247 valign=top style='width:185.4pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=430 valign=top style='width:322.2pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>601 Corporate Circle</p>
  </td>
 </tr>
 <tr>
  <td width=247 valign=top style='width:185.4pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=430 valign=top style='width:322.2pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Golden, CO&nbsp; 80401</p>
  </td>
 </tr>
</table>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=247 valign=top style='width:185.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>BANK:</p>
  </td>
  <td width=430 valign=top style='width:322.2pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>WELLS FARGO BANK, NATIONAL ASSOCIATION</p>
  </td>
 </tr>
 <tr>
  <td width=247 valign=top style='width:185.4pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=430 valign=top style='width:322.2pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>90 South 7th Street, 19th Floor</p>
  </td>
 </tr>
 <tr>
  <td width=247 valign=top style='width:185.4pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=430 valign=top style='width:322.2pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>MAC N9305-198</p>
  </td>
 </tr>
 <tr>
  <td width=247 valign=top style='width:185.4pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=430 valign=top style='width:322.2pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Minneapolis, MN 55479</p>
  </td>
 </tr>
 <tr>
  <td width=247 valign=top style='width:185.4pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=430 valign=top style='width:322.2pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Attention:&nbsp; Jennifer Niebrugge</p>
  </td>
 </tr>
</table>



<p class=MsoNormal>or to such other address as any party may designate by
written notice to all other parties.&nbsp; Each such notice, request and demand
shall be deemed given or made as follows:&nbsp; (a) if sent by hand delivery, upon
delivery; (b) if sent by mail, upon the earlier of the date of receipt or three
(3) days after deposit in the U.S. mail, first class and postage prepaid; and
(c) if sent by telecopy, upon receipt.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 7.3&nbsp;&nbsp;&nbsp;&nbsp; COSTS, EXPENSES AND ATTORNEYS'
FEES.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrower shall pay to Bank immediately upon demand
the full amount of all payments, advances, charges, costs and expenses,
including reasonable attorneys' fees (to include outside counsel fees and all
allocated costs of Bank's in-house counsel), expended or incurred by Bank in
connection with (a) the negotiation and preparation of this Agreement and the
other Loan Documents, Bank's continued administration hereof and thereof, and
the preparation of any amendments and waivers hereto and thereto, (b) the
enforcement of Bank's rights and/or the collection of any amounts which become
due to Bank under any of the Loan Documents, and (c) the prosecution or defense
of any action in any way related to any of the Loan Documents, including
without limitation, any action for declaratory relief, whether incurred at the
trial or appellate level, in an arbitration proceeding or otherwise, and
including any of the foregoing incurred in connection with any bankruptcy
proceeding (including without limitation, any adversary proceeding, contested
matter or motion brought by Bank or any other person) relating to Borrower or
any other person or entity.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 7.4&nbsp;&nbsp;&nbsp;&nbsp; SUCCESSORS, ASSIGNMENT.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This Agreement shall be binding upon and inure to
the benefit of the heirs, executors, administrators, legal representatives,
successors and assigns of the parties; provided however, that Borrower may not
assign or transfer its interests or rights hereunder without Bank's prior
written consent.&nbsp; Bank reserves the right to sell, assign, transfer, negotiate
or grant participations in all or any part of, or any interest in, Bank's
rights and benefits under each of the Loan Documents.&nbsp; In connection therewith,
Bank may disclose all documents and information which Bank now has or may
hereafter acquire relating to any credit subject hereto, Borrower or its
business, or any collateral required hereunder.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 7.5&nbsp;&nbsp;&nbsp;&nbsp; ENTIRE AGREEMENT; AMENDMENT.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This Agreement and the other Loan Documents
constitute the entire agreement between Borrower and Bank with respect to each
credit subject hereto and supersede all prior negotiations, communications,
discussions and correspondence concerning the subject matter hereof.&nbsp; This
Agreement may be amended or modified only in writing signed by each party
hereto.</p>

<p class=MsoNormal align=center style='text-align:center'>15</p>

<p class=DocID>4814-2699-5207/14</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 7.6&nbsp;&nbsp;&nbsp;&nbsp; NO THIRD PARTY BENEFICIARIES.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This Agreement is made and entered into for the
sole protection and benefit of the parties hereto and their respective
permitted successors and assigns, and no other person or entity shall be a
third party beneficiary of, or have any direct or indirect cause of action or
claim in connection with, this Agreement or any other of the Loan Documents to
which it is not a party.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 7.7&nbsp;&nbsp;&nbsp;&nbsp; TIME.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time is of the essence of each and every provision
of this Agreement and each other of the Loan Documents.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 7.8&nbsp;&nbsp;&nbsp;&nbsp; SEVERABILITY OF PROVISIONS.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If any provision of this Agreement shall be
prohibited by or invalid under applicable law, such provision shall be
ineffective only to the extent of such prohibition or invalidity without
invalidating the remainder of such provision or any remaining provisions of
this Agreement.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 7.9&nbsp;&nbsp;&nbsp;&nbsp; COUNTERPARTS.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This Agreement may be executed in any number of
counterparts, each of which when executed and delivered shall be deemed to be
an original, and all of which when taken together shall constitute one and the
same Agreement.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 7.10&nbsp;&nbsp; GOVERNING LAW.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This Agreement shall be governed by and construed
in accordance with the laws of the State of Colorado.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 7.11&nbsp;&nbsp; ARBITRATION.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp; <u>Arbitration</u>.&nbsp; The parties hereto agree,
upon demand by any party, to submit to binding arbitration all claims, disputes
and controversies between or among them (and their respective employees,
officers, directors, attorneys, and other agents), whether in tort, contract or
otherwise in any way arising out of or relating to (i) any credit subject
hereto, or any of the Loan Documents, and their negotiation, execution,
collateralization, administration, repayment, modification, extension,
substitution, formation, inducement, enforcement, default or termination; or
(ii) requests for additional credit.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp; <u>Governing Rules</u>.&nbsp; Any arbitration
proceeding will (i) proceed in a location in Colorado selected by the American
Arbitration Association (&quot;AAA&quot;); (ii) be governed by the Federal Arbitration Act
(Title 9 of the United States Code), notwithstanding any conflicting choice of
law provision in any of the documents between the parties; and (iii) be
conducted by the AAA, or such other administrator as the parties shall mutually
agree upon, in accordance with the AAA's commercial dispute resolution
procedures, unless the claim or counterclaim is at least $1,000,000 exclusive
of claimed interest, arbitration fees and costs in which case the arbitration
shall be conducted in accordance with the AAA's optional procedures for large,
complex commercial disputes (the commercial dispute resolution</p>

<p class=MsoNormal align=center style='text-align:center'>16</p>

<p class=DocID>4814-2699-5207/14</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal>procedures or the optional procedures for large, complex
commercial disputes to be referred to herein, as applicable, as the &quot;Rules&quot;).&nbsp;
If there is any inconsistency between the terms hereof and the Rules, the terms
and procedures set forth herein shall control.&nbsp; Any party who fails or refuses
to submit to arbitration following a demand by any other party shall bear all
costs and expenses incurred by such other party in compelling arbitration of
any dispute.&nbsp; Nothing contained herein shall be deemed to be a waiver by any
party that is a bank of the protections afforded to it under 12 U.S.C. &sect;91 or
any similar applicable state law.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp; <u>No Waiver of Provisional Remedies,
Self-Help and Foreclosure</u>.&nbsp; The arbitration requirement does not limit the
right of any party to (i) foreclose against real or personal property
collateral; (ii) exercise self-help remedies relating to collateral or proceeds
of collateral such as setoff or repossession; or (iii) obtain provisional or
ancillary remedies such as replevin, injunctive relief, attachment or the
appointment of a receiver, before during or after the pendency of any
arbitration proceeding.&nbsp; This exclusion does not constitute a waiver of the
right or obligation of any party to submit any dispute to arbitration or
reference hereunder, including those arising from the exercise of the actions detailed
in subsections (i), (ii) and (iii) of this paragraph.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d)&nbsp;&nbsp;&nbsp;&nbsp; <u>Arbitrator Qualifications and Powers</u>.&nbsp;
Any arbitration proceeding in which the amount in controversy is $5,000,000 or
less will be decided by a single arbitrator selected according to the Rules,
and who shall not render an award of greater than $5,000,000.&nbsp; Any dispute in
which the amount in controversy exceeds $5,000,000 shall be decided by majority
vote of a panel of three arbitrators; provided however, that all three
arbitrators must actively participate in all hearings and deliberations.&nbsp; The
arbitrator will be a neutral attorney licensed in the State of Colorado or a
neutral retired judge of the state or federal judiciary of Colorado, in either
case with a minimum of ten years experience in the substantive law applicable
to the subject matter of the dispute to be arbitrated.&nbsp; The arbitrator will
determine whether or not an issue is arbitratable and will give effect to the
statutes of limitation in determining any claim.&nbsp; In any arbitration proceeding
the arbitrator will decide (by documents only or with a hearing at the
arbitrator's discretion) any pre-hearing motions which are similar to motions
to dismiss for failure to state a claim or motions for summary adjudication.&nbsp;
The arbitrator shall resolve all disputes in accordance with the substantive
law of Colorado and may grant any remedy or relief that a court of such state
could order or grant within the scope hereof and such ancillary relief as is
necessary to make effective any award. &nbsp;The arbitrator shall also have the
power to award recovery of all costs and fees, to impose sanctions and to take
such other action as the arbitrator deems necessary to the same extent a judge
could pursuant to the Federal Rules of Civil Procedure, the Colorado Rules of
Civil Procedure or other applicable law.&nbsp; Judgment upon the award rendered by
the arbitrator may be entered in any court having jurisdiction.&nbsp; The
institution and maintenance of an action for judicial relief or pursuit of a
provisional or ancillary remedy shall not constitute a waiver of the right of
any party, including the plaintiff, to submit the controversy or claim to
arbitration if any other party contests such action for judicial relief.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (e)&nbsp;&nbsp;&nbsp;&nbsp; <u>Discovery</u>.&nbsp; In any arbitration
proceeding, discovery will be permitted in accordance with the Rules.&nbsp; All
discovery shall be expressly limited to matters directly relevant to the
dispute being arbitrated and must be completed no later than 20 days before the
hearing date.&nbsp; Any requests for an extension of the discovery periods, or any
discovery disputes, will be subject to final determination by the arbitrator
upon a showing that the request for discovery is essential for the party's
presentation and that no alternative means for obtaining information is
available.</p>

<p class=MsoNormal align=center style='text-align:center'>17</p>

<p class=DocID>4814-2699-5207/14</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Class Proceedings and Consolidations</u>.&nbsp;
No party hereto shall be entitled to join or consolidate disputes by or against
others in any arbitration, except parties who have executed any Loan Document,
or to include in any arbitration any dispute as a representative or member of a
class, or to act in any arbitration in the interest of the general public or in
a private attorney general capacity.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (g)&nbsp;&nbsp;&nbsp;&nbsp; <u>Payment Of Arbitration Costs And Fees</u>.&nbsp;
The arbitrator shall award all costs and expenses of the arbitration
proceeding.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (h)&nbsp;&nbsp;&nbsp;&nbsp; <u>Miscellaneous</u>.&nbsp; To the maximum
extent practicable, the AAA, the arbitrators and the parties shall take all
action required to conclude any arbitration proceeding within 180 days of the
filing of the dispute with the AAA.&nbsp; No arbitrator or other party to an
arbitration proceeding may disclose the existence, content or results thereof,
except for disclosures of information by a party required in the ordinary
course of its business or by applicable law or regulation.&nbsp; If more than one
agreement for arbitration by or between the parties potentially applies to a
dispute, the arbitration provision most directly related to the Loan Documents
or the subject matter of the dispute shall control.&nbsp; This arbitration provision
shall survive termination, amendment or expiration of any of the Loan Documents
or any relationship between the parties.</p>



<p class=MsoNormal><a name="_Ref276555454"></a><a name="_Toc195077953">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION
7.12&nbsp;&nbsp; JOINT AND SEVERAL LIABILITY</a>.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All obligations of GTR and GTDT under this
Agreement, the Term Note and any other instrument, agreement or document
delivered to Bank by either of GTR and GTDT shall be (a) joint and several and
(b) the primary obligation of each of GTR and GTDT&nbsp; All references to the
term &quot;Borrower&quot; herein shall refer to each of GTR and GTDT separately and to
both of them jointly as the context requires and each of GTR and GTDT shall be
bound both severally and jointly with the other.&nbsp; The indebtedness
hereunder shall include all debts, liabilities and obligations owed to Bank by
either of GTR and GTDT solely or by both of them jointly or jointly and
severally.&nbsp; Each of GTR and GTDT acknowledges and agrees that its joint
and several liability on the indebtedness hereunder is absolute and
unconditional and shall not in any manner be affected or impaired by any acts
or omissions whatsoever by Bank, and without limiting the generality of the
foregoing, the joint and several liability of each of GTR and GTDT &nbsp;on
such indebtedness shall not be impaired by any acceptance by Bank of any other
security for or guarantors upon the indebtedness hereunder or by any failure,
neglect or omission on Bank's part to resort to any one or both of GTR's and GTDT's
payment of the indebtedness hereunder or to realize upon or protect any
collateral security therefor.&nbsp; The joint and several liability of each of GTR
and GTDT on the indebtedness hereunder shall not in any manner be impaired or
affected by who received or used the proceeds of the Term Loan or for what
purposes such credits and financial accommodations were used. &nbsp;Such joint and
several liability of each of GTR and GTDT shall also not be impaired or
affected by (and Bank, without notice to any person or entity, is hereby
authorized to make from time to time) any sale, pledge, surrender, compromise,
settlement, release, renewal, extension, indulgence, alteration, substitution,
exchange, change in, modification or disposition of any collateral security for
the indebtedness hereunder or of any guaranty thereof.&nbsp; In order to
enforce payment of the indebtedness hereunder, foreclose or otherwise realize
on any collateral security for the indebtedness hereunder, or exercise any
other rights granted hereunder or under any other instrument, agreement or
document delivered to Bank by either of GTR and GTDT or under applicable law,
Bank shall be under no obligation at any time to first resort to any collateral
security for the indebtedness hereunder, any liens, any security interests or
any other property, rights or remedies whatsoever, and Bank shall have the
right to enforce such indebtedness irrespective of</p>

<p class=MsoNormal align=center style='text-align:center'>18</p>

<p class=DocID>4814-2699-5207/14</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal>whether or not other proceedings or steps are pending,
seeking resort to or realization upon or from any of the foregoing.&nbsp; Each
of GTR and GTDT hereby agrees not to exercise or enforce any right of
exoneration, contribution, reimbursement, recourse, or subrogation available to
such entity against any other person or entity liable for payment of any of the
indebtedness hereunder, or as to any security therefor, unless and until the
indebtedness hereunder has been paid and satisfied in full, release by Bank of
its security interest in the collateral pledged as security for the
indebtedness hereunder and termination of this credit facility.&nbsp; Each of GTR
and GTDT hereby waives any benefit of or right to participate in any of any
collateral or proceeds thereof or any other security now or hereafter held by
Bank.&nbsp; Each of GTR and GTDT hereby waives any right to require Bank to
proceed against GTR, GTDT or any other person or entity, to marshal assets or
proceed against or exhaust any security from GTR, GTDT or any other person or
entity, to perform any obligation of GTR or GTDT respect to any collateral or
proceeds thereof, and to make any presentment or demand, or give any notice of
nonpayment or nonperformance, protest, notice of protest or notice of dishonor
hereunder or in connection with any collateral or proceeds thereof.&nbsp; Each
of GTR and GTDT further waives any right to direct the application of payments
or security for any indebtedness hereunder or indebtedness of customers of GTR
or GTDT.&nbsp; By its acceptance below, each of GTR and GTDT hereby expressly
waives and surrenders any defense to its joint and several liability on the
indebtedness hereunder based upon any of the foregoing.&nbsp; All property included
in the collateral pledged as security for the indebtedness hereunder shall be
included as collateral, whether it is owned jointly by one or both of GTR and GTDT
or is owned in whole or in part by one (or both) of
them.&nbsp;&nbsp;Notwithstanding anything herein to the contrary, the right of
recovery against each of GTR and GTDT under this Agreement shall not exceed
$1.00 less than the lowest amount which would render such entity's obligation
under this Agreement void or voidable under applicable law, including without
limitation, fraudulent conveyance law.&nbsp; Notices from Bank sent to either
of GTR or GTDT shall constitute notice to both.&nbsp; Directions, instructions,
actions, representations, warranties or covenants made by either of GTR and GTDT
to Bank shall be binding on both and Bank shall be entitled to conclusively
presume that any action by any of GTR or GTDT hereunder or under any other
instrument, agreement or document delivered to Bank by any of GTR and GTDT is
taken on behalf of both of them, as the case may be, whether or not such entity
so indicates.&nbsp; The word &quot;indebtedness&quot; is used in 0, this 0 and 0 in its most
comprehensive sense and includes any and all advances, debts, obligations and
liabilities of Borrower, or any of them, heretofore, now or hereafter made,
incurred or created, whether voluntary or involuntary and however arising,
whether due or not due, absolute or contingent, liquidated or unliquidated,
determined or undetermined, including under any swap, derivative, foreign
exchange, hedge, deposit, treasury management or other similar transaction or
arrangement, and whether Borrower may be liable individually or jointly with
others, or whether recovery upon such indebtedness may be or hereafter becomes
unenforceable.</p>



<p class=MsoNormal><a name="_Ref265081660">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 7.13&nbsp;&nbsp; RELEASE.</a></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrower hereby absolutely and unconditionally
releases and forever discharges Bank, and any and all participants, parent
entities, subsidiary entities, affiliated entities, insurers, indemnitors,
successors and assigns thereof, together with all of the present and former
directors, officers, agents and employees of any of the foregoing, from any and
all claims, demands or causes of action of any kind, nature or description,
whether arising in law or equity or upon contract or tort or under any state or
federal law or otherwise, which Borrower has had, now has or has made claim to
have against any such person or entity for or by reason of any act, omission,
matter, cause or thing whatsoever arising</p>

<p class=MsoNormal align=center style='text-align:center'>19</p>

<p class=DocID>4814-2699-5207/14</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal>from the beginning of time to and including the date of this
Agreement, of which Borrower is aware on the date of this Agreement, whether
such claims, demands and causes of action are matured or unmatured.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 7.14&nbsp;&nbsp; REFERENCES.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All references in any other agreement, instrument
or document to the Former Credit Agreement shall be deemed to refer to this
Amended and Restated Credit Agreement.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 7.15&nbsp;&nbsp; CONSENT TO SALE OF AURORA STORE.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank hereby consents to (a) the sale by GTDT of
the Real Property (as that term is defined in that certain Purchase and Sale
Agreement dated July 12, 2010, by and between GTDT and FCS-RE LLC, a Kansas
limited liability company (the &quot;Aurora Purchase and Sale Agreement&quot;)), located
at Pad C of the Cornerstar Shopping Center in Aurora, Colorado pursuant to the
terms of the Aurora Purchase and Sale Agreement and (b) GTDT using the proceeds
of such sale to pay Borrower's indebtedness owing to PFGI II, LLC.&nbsp; Within ten
(10) days of the closing of the transaction contemplated by the Aurora Purchase
and Sale Agreement, Borrower shall deliver to Bank evidence acceptable to Bank
in it sole discretion that the proceeds derived from the Aurora Purchase and
Sale Agreement have been used to pay Borrower's indebtedness owing to PFGI II,
LLC.&nbsp; This consent shall be effective only in this specific instance and for
the specific purpose for which it is given, and this consent shall not entitle
Borrower to any other or further consents in any similar or other
circumstances.&nbsp; Bank's consent does not constitute a course of dealing or a
course of conduct.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 7.16&nbsp;&nbsp; CONSENT TO STOCK PURCHASE
AGREEMENT.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank hereby consents to (a) the performance by GTR
of that certain Stock Purchase Agreement dated October 29, 2010, by and between
GTR and Small Island Investments Limited, a Bermuda corporation (the &quot;SII Stock
Purchase Agreement&quot;) and (b) GTR using the proceeds derived from the SII Stock
Purchase Agreement to pay Borrower's indebtedness of $400,000.00 owing to W
Capital and John T. MacDonald, to pay Borrower's indebtedness of $185,000.00
owing to Golden Bridge, LLC, to pay 2009 taxes and to pay other accounts
payable, expenses related to the SII Stock Purchase Agreement and for general
working capital purposes.&nbsp; Within ten (10) days of the closing of the
transaction contemplated by the SII Stock Purchase Agreement, Borrower shall
deliver to Bank evidence acceptable to Bank in it sole discretion that the
proceeds derived from the SII Stock Purchase Agreement have been used to pay Borrower's
indebtedness owing to W Capital, John T. MacDonald and Golden Bridge, LLC and
the 2009 taxes.&nbsp; This consent shall be effective only in this specific instance
and for the specific purpose for which it is given, and this consent shall not
entitle Borrower to any other or further consents in any similar or other circumstances.&nbsp;
Bank's consent does not constitute a course of dealing or a course of conduct.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 7.17&nbsp;&nbsp; WAIVER OF EXISTING DEFAULTS.</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GTR has been in default of SECTION 4.9(a) of the
Former Credit Agreement (Tangible Net Worth) since December 31, 2008, SECTION
4.9(b) of the Former Credit Agreement (Total Liabilities divided by Tangible
Net Worth) since June 30, 2010, SECTION 4.9(c) of the Former Credit Agreement
(EBITDA Coverage Ratio) since September 30, 2008 and SECTION 5.2 of the Former</p>

<p class=MsoNormal align=center style='text-align:center'>20</p>

<p class=DocID>4814-2699-5207/14</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal>Credit Agreement due to sales of a material portion of GTR's
assets outside of the ordinary course of business (collectively, the &quot;Existing
Defaults&quot;).&nbsp; Upon the terms and subject to the conditions set forth in this
Amended and Restated Credit Agreement, Bank hereby waives the Existing
Defaults.&nbsp; This waiver shall be effective only in this specific instance and
for the specific purpose for which it is given, and this waiver shall not
entitle Borrower to any other or further waiver in any similar or other
circumstances.</p>



<p class=MsoNormal><a name="_Ref276555483">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SECTION 7.18&nbsp;&nbsp; AMENDMENT
AND RESTATEMENT.</a></p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Relying on each of the representations and
warranties set out in this Agreement and subject to the terms and conditions of
this Agreement, Bank and Borrower agree that, effective on the date hereof, the
Former Credit Agreement shall be amended in its entirety on the terms and
conditions of this Agreement and all indebtedness and liabilities of Borrower
to Bank under (and as defined in) the Former Credit Agreement including,
without limitation, the outstanding principal amount of the Term Loan and all accrued
and unpaid interest and fees thereon and standby fees accrued thereunder, shall
be construed as indebtedness and liabilities of Borrower to Bank under this
Agreement.&nbsp; Borrower confirms that it remains bound by every other agreement,
instrument and document by Borrower in favor of Bank and by and between
Borrower and Bank currently in effect to which it is a party.</p>



<p class=MsoNormal align=center style='text-align:center'><b>[Remainder of this
page left intentionally blank]</b></p>

<p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>

<p class=MsoNormal align=center style='text-align:center'>21</p>

<p class=DocID>4814-2699-5207/14</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



</div>

<br
clear=all style='page-break-before:always'>


<div class=WordSection2>









<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IN WITNESS WHEREOF, the parties hereto have caused
this Agreement to be executed as of the day and year first written above.</p>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><b>GOOD TIMES RESTAURANTS INC.</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><b>&nbsp;</b></p>
  </td>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><b>WELLS FARGO BANK, </b></p>
  </td>
 </tr>
 <tr>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=36 valign=top style='width:27.0pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><b>NATIONAL ASSOCIATION</b></p>
  </td>
 </tr>
 <tr>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=36 valign=top style='width:27.0pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>By:<i><u>/s/ Boyd E. Hoback</u></i></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>By:<i><u>/s/Jennifer Niebrugge</u></i></p>
  </td>
 </tr>
 <tr>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Name:&nbsp; Boyd E. Hoback</p>
  </td>
  <td width=36 valign=top style='width:27.0pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Name:&nbsp; Jennifer Niebrugge</p>
  </td>
 </tr>
 <tr>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Title:&nbsp; President and CEO</p>
  </td>
  <td width=36 valign=top style='width:27.0pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Title:&nbsp; Authorized Signatory</p>
  </td>
 </tr>
 <tr>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=36 valign=top style='width:27.0pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><b>GOOD TIMES DRIVE THRU INC.</b></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=36 valign=top style='width:27.0pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>By::<i><u>/s/ Boyd E. Hoback</u></i></p>
  </td>
  <td width=36 valign=top style='width:27.0pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Name:&nbsp; Boyd E. Hoback</p>
  </td>
  <td width=36 valign=top style='width:27.0pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=295 valign=top style='width:221.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Title:&nbsp; President and CEO</p>
  </td>
  <td width=36 valign=top style='width:27.0pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt'>

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





<p class=MsoFooter>Signature Page to Amended and
Restated Credit Agreement</p>

<p class=DocID>4814-2699-5207/12</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



</div>

<br
clear=all style='page-break-before:always'>


<div class=WordSection3>









<p class=MsoNormal align=center style='text-align:center'><b>SCHEDULE 5.5</b></p>

<p class=MsoNormal align=center style='text-align:center'><b>TO</b></p>

<p class=MsoNormal align=center style='text-align:center'><b>AMENDED AND
RESTATED CREDIT AGREEMENT</b></p>



<p class=MsoNormal>All real and personal property (including all buildings)
leased and/or owned by GOOD TIMES RESTAURANTS INC., a Nevada corporation, or
GOOD TIMES DRIVE THRU INC., a Colorado corporation, located at, on and/or in
the real property described in the following legal descriptions:</p>



<p class=MsoNormal align=center style='text-align:center'><b>LEGAL DESCRIPTIONS</b></p>



<p class=MsoNormal><u>808 E. Colfax Ave., Denver, CO 80218 9 (Store 102):</u></p>



<p class=MsoNormal>LOTS 13, 14, 15, 16, 17 AND 18, KENBERMA ADDITION TO DENVER,
2ND FILING, CITY AND COUNTY OF DENVER, STATE OF COLORADO.</p>



<p class=MsoNormal>THE RESERVED STRIP ADJACENT TO LOT 18, KENBERMA ADDITION TO
DENVER, 2ND FILING, EXCEPT THE EAST 4.5555 FEET THEREOF; SAID STRIP BEING IN
CAPITOL HILL SUBDIVISION, 2ND FILING, CITY AND COUNTY OF DENVER, STATE OF
COLORADO.</p>





<p class=MsoNormal><u>1300 S. Colorado Blvd., Denver, CO 80222 (Store 103):</u></p>



<p class=MsoNormal>THE WEST 105 FEET OF THE EAST 136 FEET OF LOTS 1 TO 10,
INCLUSIVE, BLOCK 4, KIBLER ADDITION, CITY AND COUNTY OF DENVER, STATE OF
COLORADO.</p>





<p class=MsoNormal><u>4975 Federal Blvd., Denver, CO 80221 (Store 112):</u></p>



<p class=MsoNormal>LOTS 43 THROUGH 48, INCLUSIVE, BLOCK 89, BERKELEY OF THE
CITY AND COUNTY OF DENVER, STATE OF COLORADO, EXCEPT THE WESTERLY 8.00 FEET
THEREOF AND FURTHER EXCEPTING THE FOLLOWING TWO PARCELS TO BE DEEDED TO THE
CITY AND COUNTY OF DENVER FOR RIGHT-OF-WAY PURPOSES, DESCRIBED AS FOLLOWS:</p>



<p class=MsoNormal>PARCEL 1:&nbsp; THE EASTERLY 7.00 FEET OF LOTS 43 THROUGH
48, INCLUSIVE, BLOCK 89, BERKELEY OF THE CITY AND COUNTY OF DENVER, STATE OF
COLORADO, THEREOF,</p>



<p class=MsoNormal>PARCEL 2: THE NORTHERLY 9.00 FEET OF LOT 48, BLOCK 89,
BERKELEY OF THE CITY AND COUNTY OF DENVER, STATE OF COLORADO, EXCEPT THE
WESTERLY 8.00 FEET AND THE EASTERLY 7.00 FEET, THEREOF.</p>

<p class=MsoFooter>Sch. 5.5-1</p>

<p class=DocID>4814-2699-5207/12</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal><u>8930 E. Hampden Ave., Denver, CO 80231 (Store 110):</u></p>



<p class=MsoNormal>Parcel Two:</p>



<p class=MsoNormal>A Leasehold Estate as created by the Lease dated September
10, 1993, as amended August 5, 1998, executed by and between Village Square
East LLC, a Colorado limited liability company, successor in interest to
Village Square East Shopping Center, Lessor, and Good Times Drive Thru Inc., a
Colorado corporation, Lessee, a Memorandum of which recorded October 29, 1998
at Reception No. 9800181227 of the records of the Office of Clerk and Recorder
of Denver County, Colorado, and as assigned to Ceda Enterprises, Inc., a
Colorado corporation by Assignment of Lease recorded October 29, 1998 at
Reception No. 9800181228 of said records, and as assigned to Good Times Drive
Thru Inc., a Colorado corporation by Assignment of Leases recorded ____________
at Reception No. ___________ of said records for the term and upon and subject
to all of the conditions and provisions contained therein, in and to the
property described as follows:</p>



<p class=MsoNormal>That part of the Northwest Quarter of the Northwest Quarter
of Section 3, Township 5 South, Range 67 West of the 6th Principal Meridian,
formerly part of Kenwood Park, described as follows:</p>



<p class=MsoNormal>Beginning at a point on the centerline of vacated Small
Avenue, which is 305.0 feet East of a line which is 50.0 feet East of and
parallel with the West line of said Northwest Quarter of the Northwest Quarter;</p>

<p class=MsoNormal>Thence North, at right angles, 547.74 feet, more or less, to
the South line of Hampden Avenue as described in Book 928 at Page 509 of the
Arapahoe County records;</p>

<p class=MsoNormal>Thence East, along the South line of said Hampden Avenue,
270.0 feet;</p>

<p class=MsoNormal>Thence South, at right angles to the centerline of vacated
small Avenue, 150 feet;</p>

<p class=MsoNormal>Thence East, parallel with the South line of said Hampden
Avenue, 100 feet;</p>

<p class=MsoNormal>Thence North, at right angles to the centerline of vacated
Small Avenue, 150 feet;</p>

<p class=MsoNormal>Thence East, along the South line of said Hampden Avenue, 70
feet;</p>





<p class=MsoNormal>Thence South a distance of 550.11 feet, more or less, to a
point on the centerline of vacated Small Avenue, which is 440.0 feet East of
the Point of Beginning;</p>

<p class=MsoNormal>Thence West, along the centerline of vacated Small Avenue,
440.0 feet to the Point of Beginning.</p>



<p class=MsoNormal>City and County of Denver,</p>

<p class=MsoNormal>State of Colorado.</p>

<p class=MsoFooter>Sch. 5.5-2</p>

<p class=DocID>4814-2699-5207/12</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>





</div>

</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3
<SEQUENCE>4
<FILENAME>amendedrestatednote1.htm
<TEXT>
<html>

<head>
<!-- Document Prepared With E-Services, LLC HTML Software-->
<!-- Copyright 2006 E-Services, LLC.-->
<!-- All rights reserved EDGAR2.com -->



<title> </title>


</head>

<body lang=EN-US link=blue vlink=purple>

<div class=WordSection1>

<p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>

<p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>









<p class=MsoNormal align=center style='text-align:center'><b>AMENDED AND
RESTATED TERM NOTE</b></p>





<p class=MsoNormal>$689,671.00<b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b>Denver,
Colorado</p>

<p class=MsoNormal style='margin-left:4.5in;text-indent:.5in'>December 13, 2010</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FOR VALUE RECEIVED, each of the undersigned GOOD
TIMES RESTAURANTS INC. and GOOD TIMES DRIVE THRU INC. (together, &quot;Borrower&quot;)
jointly and severally promises to pay to the order of WELLS FARGO BANK,
NATIONAL ASSOCIATION (&quot;Bank&quot;) at its office at Denver, Colorado, or
at such other place as the holder hereof may designate, in lawful money of the
United States of America and in immediately available funds, the principal sum
of Six Hundred Eighty-Nine Thousand Six Hundred Seventy-One Dollars ($689,671.00),
with interest thereon as set forth herein.</p>



<p class=MsoNormal>INTEREST:</p>



<p class=BodyTextFirstIndent3 style='margin-left:0in;line-height:normal'>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>Interest</u>.&nbsp; The outstanding principal balance of this Note shall
bear interest (computed on the basis of a 360-day year, actual days elapsed) at
a rate per annum one half of one percent (0.50%) below the Prime Rate in effect
from time to time.&nbsp; The term &quot;Prime Rate&quot; means at any time the rate
of interest most recently announced within Bank at its principal office as its
Prime Rate, with the understanding that the Prime Rate is one of Bank's base
rates and serves as the basis upon which effective rates of interest are
calculated for those loans making reference thereto, and is evidenced by the
recording thereof after its announcement in such internal publication or
publications as Bank may designate.&nbsp; Each change in the rate of interest
hereunder shall become effective on the date each Prime Rate change is
announced within Bank.</p>



<p class=MsoNormal style='margin-left:0in;text-indent:.5in'>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>Payment of Interest</u>.&nbsp; Interest accrued on this Note shall be
payable on the first day of each month, commencing January 1, 2011.</p>



<p class=MsoNormal style='margin-left:0in;text-indent:.5in'>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>Default Interest</u>.&nbsp; The outstanding principal balance of this Note
shall bear interest until paid in full at an increased rate per annum (computed
on the basis of a 360-day year, actual days elapsed) equal to four percent (4%)
above the rate of interest from time to time applicable to this Note during
each of the following periods:&nbsp; (i) upon the occurrence and during the
continuation of any Event of Default, (ii) from and after the maturity date of
this Note, and (iii) from the date all principal owing hereunder becomes due
and payable by acceleration or otherwise.</p>



<p class=MsoNormal>REPAYMENT AND PREPAYMENT:</p>



<p class=BodyTextFirstIndent3 style='margin-left:0in;line-height:normal'>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>Repayment</u>.&nbsp; Principal shall be payable on the first day of each month
in installments as set forth on Schedule 1 attached hereto and incorporated
herein by this reference, commencing January 1, 2011, and continuing up to and
including April 1, 2015, with a final installment consisting of all remaining
unpaid principal due and payable in full on May 1, 2015.</p>



<p class=BodyTextFirstIndent3 style='margin-left:0in;line-height:normal'>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>Application of Payments</u>.&nbsp; Each payment made on this Note shall be
credited first, to any interest then due and second, to the outstanding
principal balance hereof.</p>



<p class=DocID>4847-0615-3991\7</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<u><br
clear=all style='page-break-before:always'>
</u>









<p class=BodyTextFirstIndent3 style='margin-left:0in;line-height:normal'>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>Prepayment</u>.&nbsp; Borrower may prepay principal on this Note at any
time, in any amount and without penalty.&nbsp; All prepayments of principal shall be
applied on the most remote principal installment or installments then unpaid.</p>



<p class=MsoNormal>EVENTS OF DEFAULT:</p>



<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This Note is made pursuant to and is subject to
the terms and conditions of that certain Amended and Restated Credit Agreement among
Borrower and Bank dated as of December&nbsp;<b>[__]</b>, 2010, as amended from
time to time (the &quot;Credit Agreement&quot;).&nbsp; Any default in the payment or
performance of any obligation under this Note, or any defined event of default
under the Credit Agreement, shall constitute an &quot;Event of Default&quot;
under this Note.</p>



<p class=MsoNormal>MISCELLANEOUS:</p>



<p class=MsoNormal style='margin-left:0in;text-indent:.5in'>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>Remedies</u>.&nbsp; Upon the occurrence of any Event of Default, the
holder of this Note, at the holder's option, may declare all sums of principal
and interest outstanding hereunder to be immediately due and payable without
presentment, demand, notice of nonperformance, notice of protest, protest or
notice of dishonor, all of which are expressly waived by Borrower.&nbsp; Borrower
shall pay to the holder immediately upon demand the full amount of all
payments, advances, charges, costs and expenses, including reasonable
attorneys' fees (to include outside counsel fees and all allocated costs of the
holder's in-house counsel), expended or incurred by the holder in connection
with the enforcement of the holder's rights and/or the collection of any
amounts which become due to the holder under this Note, and the prosecution or
defense of any action in any way related to this Note, including without
limitation, any action for declaratory relief, whether incurred at the trial or
appellate level, in an arbitration proceeding or otherwise, and including any
of the foregoing incurred in connection with any bankruptcy proceeding
(including without limitation, any adversary proceeding, contested matter or
motion brought by Bank or any other person) relating to Borrower or any other
person or entity.</p>



<p class=MsoNormal style='margin-left:0in;text-indent:.5in'>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>Amended and Restated Term Note</u>.&nbsp; This Note is issued in
replacement of and in substitution for, but not in repayment of, the Term Note
of Good Times Restaurants Inc., dated as of April 18, 2007, payable to the
order of Bank in the original principal amount of $1,100,000, and is issued
pursuant to, and is subject to, the Credit Agreement, which provides, among
other things, for acceleration hereof.&nbsp; This Note is the Term Note
referred to in the Credit Agreement.</p>



<p class=MsoNormal style='margin-left:0in;text-indent:.5in'>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>Obligations Joint and Several</u>.&nbsp; Should more than one person or
entity sign this Note as a Borrower, the obligations of each such Borrower
shall be joint and several.</p>



<p class=MsoNormal style='margin-left:0in;text-indent:.5in'>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>Governing Law</u>.&nbsp; This Note shall be governed by and construed in
accordance with the laws of the State of Colorado.</p>



<p class=MsoFooter align=center style='text-align:center'><b>[Remainder of this
page left intentionally blank]</b>2</p>

<p class=DocID>4847-0615-3991\7</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



</div>

<b><br
clear=all style='page-break-before:always'>
</b>

<div class=WordSection2>









<p class=BodySingleSp5 style='margin-bottom:0in;margin-bottom:.0001pt'>IN
WITNESS WHEREOF, the undersigned has executed this Note as of the date first
written above.</p>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><b>GOOD TIMES RESTAURANTS INC.</b></p>



  <p class=MsoNormal>By:&nbsp; <i><u>/s/ Boyd E. Hoback</u></i></p>
  <p class=MsoNormal>Name:&nbsp; Boyd E. Hoback</p>
  <p class=MsoNormal>Title:&nbsp; President</p>
  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><b>GOOD TIMES DRIVE THRU INC.</b></p>



  <p class=MsoNormal>By:&nbsp; <i><u>/s/ Boyd E. Hoback</u></i></p>
  <p class=MsoNormal>Name:&nbsp; Boyd E. Hoback</p>
  <p class=MsoNormal>Title:&nbsp; President</p>
  </td>
 </tr>
</table>





<p class=MsoFooter align=center style='text-align:center'>Signature Page to
Amended and Restated Term Note</p>

<p class=DocID>4847-0615-3991\7</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



</div>

<br
clear=all style='page-break-before:always'>


<div class=WordSection3>









<p class=MsoNormal align=center style='text-align:center'><b>SCHEDULE 1</b></p>

<p class=MsoNormal align=center style='text-align:center'><b>TO</b></p>

<p class=MsoNormal align=center style='text-align:center'><b>AMENDED AND
RESTATED TERM NOTE</b></p>



<p class=MsoFooter align=center style='text-align:center'>Schedule 1-1</p>

<p class=DocID>4847-0615-3991\7</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>

  <tr>
   <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
   <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'><b><u>Principal
   Payment Date</u></b></p>
   </td>
   <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
   <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'><b><u>Principal
   Payment Amount</u></b></p>
   </td>
  </tr>

 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>01/01/11</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$10,843.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>02/01/11</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$10,843.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>03/01/11</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$10,843.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>04/01/11</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$10,843.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>05/01/11</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$10,843.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>06/01/11</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$11,726.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>07/01/11</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$11,726.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>08/01/11</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$11,726.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>09/01/11</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$11,726.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>10/01/11</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$11,726.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>11/01/11</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$11,726.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>12/01/11</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$11,726.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>01/01/12</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$11,726.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>02/01/12</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$11,726.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>03/01/12</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$11,726.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>04/01/12</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$11,726.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>05/01/12</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$11,726.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>06/01/12</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$12,682.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>07/01/12</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$12,682.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>08/01/12</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$12,682.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>09/01/12</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$12,682.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>10/01/12</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$12,682.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>11/01/12</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$12,682.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>12/01/12</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$12,682.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>01/01/13</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$12,682.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>02/01/13</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$12,682.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>03/01/13</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$12,682.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center;
  page-break-after:avoid'>04/01/13</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center;
  page-break-after:avoid'>$12,682.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>05/01/13</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$12,682.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>06/01/13</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$13,715.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>07/01/13</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$13,715.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>08/01/13</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$13,715.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>09/01/13</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$13,715.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>10/01/13</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$13,715.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>11/01/13</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$13,715.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>12/01/13</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$13,715.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>01/01/14</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$13,715.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>02/01/14</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$13,715.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>03/01/14</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$13,715.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>04/01/14</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$13,715.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>05/01/14</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$13,715.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>06/01/14</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$14,832.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>07/01/14</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$14,832.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>08/01/14</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$14,832.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>09/01/14</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$14,832.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>10/01/14</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$14,832.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>11/01/14</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$14,832.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>12/01/14</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$14,832.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>01/01/15</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$14,832.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>02/01/15</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$14,832.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>03/01/15</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$14,832.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>04/01/15</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>$14,832.00</p>
  </td>
 </tr>
 <tr>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>05/01/15</p>
  </td>
  <td width=204 valign=top style='width:153.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>Remaining
  Balance</p>
  </td>
 </tr>
</table>

</div>



<p class=MsoFooter align=center style='text-align:center'>Schedule 1-2</p>

<p class=DocID>4847-0615-3991\7</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>





</div>

</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4
<SEQUENCE>5
<FILENAME>consentbridge1.htm
<TEXT>
<html>

<head>
<!-- Document Prepared With E-Services, LLC HTML Software-->
<!-- Copyright 2006 E-Services, LLC.-->
<!-- All rights reserved EDGAR2.com -->



<title>ASSIGNMENT AND ASSUMPTION AGREEMENT</title>


</head>

<body lang=EN-US>

<div class=WordSection1>

<p class=MsoBodyText align=center style='margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;text-indent:0in;line-height:115%'><b>&nbsp;</b></p>

<p class=MsoBodyText align=center style='margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;text-indent:0in;line-height:115%'><b>&nbsp;</b></p>





<p class=MsoHeader align=right style='text-align:right'><b>&nbsp;</b></p>



<p class=MsoBodyText align=center style='margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;text-indent:0in;line-height:115%'><b>CONSENT AND AGREEMENT</b></p>

<p class=MsoBodyText style='margin-bottom:0in;margin-bottom:.0001pt;text-indent:
0in;line-height:115%'><b>&nbsp;</b></p>

<p class=MsoBodyText style='margin-bottom:0in;margin-bottom:.0001pt;text-indent:
0in;line-height:115%'><b>&nbsp;</b></p>

<p class=MsoNormal style='line-height:115%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This
Consent and Agreement (the &quot;<u>Agreement</u>&quot;), dated December 13, 2010, is
entered into by and among W Capital, Inc. and John T. McDonald (together, &quot;<u>Lender</u>&quot;),
Good Times Restaurants Inc., a Nevada corporation (&quot;<u>Good Times</u>&quot;), and Good
Times Drive Thru Inc., a Colorado corporation (&quot;<u>GTDT</u>&quot;), in connection
with that certain Securities Purchase Agreement dated October 29, 2010 (the &quot;<u>Purchase
Agreement</u>&quot;) between Good Times and Small Island Investments Limited, a
Bermuda corporation (the &quot;<u>Investor</u>&quot;), pursuant to which Good Times has
agreed to sell and issue to the Investor in consideration of $2,100,000 an
aggregate of 4,200,000 shares of its common stock (the &quot;<u>Shares</u>&quot;) upon
satisfaction of certain closing conditions set forth therein.&nbsp; Reference is
made herein to that certain Loan Agreement dated effective as of February 1,
2010, as amended effective as of April 1, 2010 (the &quot;<u>Loan Agreement</u>&quot;), among
Lender, Good Times and GTDT, and the Secured Promissory Note dated April 1,
2010 issued to Lender pursuant thereto (the &quot;<u>Note</u>&quot;).</p>



<p class=Style63 style='margin-bottom:0in;margin-bottom:.0001pt;line-height:
115%'>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lender hereby consents to the above-described
sale and issuance by Good Times of the Shares to the Investor in accordance
with the terms of the Purchase Agreement and agrees that such transaction shall
not constitute an Event of Default under the Note.</p>



<p class=Style63 style='margin-bottom:0in;margin-bottom:.0001pt;line-height:
115%'>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lender hereby agrees that the
aggregate principal balance of $400,000 owed to Lender under the Note shall be
repaid (the &quot;<u>Principal Payment</u>&quot;) out of the net proceeds to Good Times
from the sale and issuance of the Shares at the Closing (as defined in the
Purchase Agreement).&nbsp; Lender further agrees that the aggregate amount of
accrued interest owed to Lender under the Note shall be converted at the
Closing into shares of common stock of Good Times at a conversion ratio of
$0.50 of the amount of accrued interest owed for each share of common stock
(the &quot;<u>Lender Shares</u>&quot;).&nbsp; Lender acknowledges and agrees that this paragraph
2 constitutes an amendment to the provision set forth in Section 6 of the Note.</p>



<p class=Style63 style='margin-bottom:0in;margin-bottom:.0001pt;line-height:
115%'>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Good Times and GTDT confirm
that as of the date hereof, to their knowledge, they are in full compliance
with the material terms of the Loan Agreement and the Note.</p>



<p class=Style63 style='margin-bottom:0in;margin-bottom:.0001pt;line-height:
115%'>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Good Times agrees that, prior
to February 1, 2011, it will prepare and file an amendment to the Registration
Statement on Form S-3 initially filed with the Securities Exchange Commission
on March 4, 2010 and amended on April 27, 2010 (the &quot;<u>Registration</u></p>

<p class=MsoFooter align=center style='text-align:center'>1</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>










<p class=Style54 style='margin-bottom:0in;margin-bottom:.0001pt'><u>Statement</u>&quot;),
covering the resale of the Lender Shares and the shares of Good Times common
stock underlying the Warrants (as defined in the Loan Agreement) (the &quot;<u>Warrant
Shares</u>&quot;).&nbsp; Good Times further agrees that it shall thereafter use
commercially reasonable best efforts to have the Registration Statement, as
amended, declared effective by the Commission as soon as practicable, and to
have the Registration Statement, as amended, remain effective until such time
as the Lender Shares and the Warrant Shares can be sold pursuant to an
exemption from the registration requirements under the Securities Act of 1933,
as amended.</p>



<p class=Style63 style='margin-bottom:0in;margin-bottom:.0001pt;line-height:
115%'>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The parties acknowledge that
Good Times intends to effect a reverse stock split following the Closing (the &quot;<u>Reverse
Split</u>&quot;).&nbsp; The parties agree that <u>Exhibit A</u> hereto, setting forth (i)
the interest calculation used for purpose of paragraph 2 hereof, (ii) the
number of Lender Shares to be issued to Lender at the Closing (prior to the
Reverse Split), (iii) the number of Lender Shares following the Reverse Split,
and (iv) the number of Warrant Shares issuable to Lender following the Reverse
Split, is accurate and complete.</p>



<p class=Style63 style='margin-bottom:0in;margin-bottom:.0001pt;line-height:
115%'>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lender and Good Times agree
that Lender's consent as set forth in paragraphs 1 and 2 hereof shall be of no
force and effect if the Principal Payment and Lender Shares are not received by
Lender by December 31, 2010.</p>



<p class=Style63 style='margin-bottom:0in;margin-bottom:.0001pt;line-height:
115%'>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This Agreement may be executed
in two or more counterparts, each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument.&nbsp; This Agreement
may also be executed via facsimile or electronic signature, which shall be
deemed an original.</p>



<p class=Style54 align=center style='margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:115%'>[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p class=MsoFooter>2</p>
  </td>
 </tr>
</table>

</div>

<br clear=ALL>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>










<p class=Style54 style='margin-bottom:0in;margin-bottom:.0001pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
and delivered as of the date first indicated above.</p>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=412 valign=top style='width:309.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=Style54 style='margin-top:0in;margin-right:0in;margin-bottom:0in;
  margin-left:6.9pt;margin-bottom:.0001pt'><b>LENDER</b>:</p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=412 valign=top style='width:309.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=Style54 style='margin-top:0in;margin-right:0in;margin-bottom:0in;
  margin-left:6.9pt;margin-bottom:.0001pt'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=412 valign=top style='width:309.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:6.9pt'>W Capital, Inc.</p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=412 valign=top style='width:309.3pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=412 valign=top style='width:309.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:6.9pt'>By: <i><u>/s/ W.H. Trey Watson</u></i></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=412 valign=top style='width:309.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:6.9pt'>Name: W.H. Trey Watson</p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=412 valign=top style='width:309.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:6.9pt'>Title: Principal</p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=412 valign=top style='width:309.3pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=412 valign=top style='width:309.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:6.9pt'>By: <i><u>/s/ John T. McDonald</u></i></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=412 valign=top style='width:309.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:6.9pt'>Name: John T. McDonald</p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=412 valign=top style='width:309.3pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=412 valign=top style='width:309.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:6.9pt'><b>GOOD TIMES</b>:</p>

  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=412 valign=top style='width:309.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:6.9pt'>Good Times Restaurants Inc.</p>
  <p class=MsoNormal style='margin-left:6.9pt'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=412 valign=top style='width:309.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:6.9pt'>By: <i><u>/s/ Boyd E. Hoback</u></i></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=412 valign=top style='width:309.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:6.9pt'>Name: Boyd E. Hoback</p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=412 valign=top style='width:309.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:6.9pt'>Title: President and CEO</p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=412 valign=top style='width:309.3pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=412 valign=top style='width:309.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:6.9pt'><b>GTDT</b>:</p>

  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=412 valign=top style='width:309.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:6.9pt'>Good Times Drive Thru Inc</p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=412 valign=top style='width:309.3pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=412 valign=top style='width:309.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:6.9pt'>By: <i><u>/s/ Boyd E. Hoback</u></i></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=412 valign=top style='width:309.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:6.9pt'>Name: Boyd E. Hoback</p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=412 valign=top style='width:309.3pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-left:6.9pt'>Title: President and CEO</p>
  </td>
 </tr>
</table>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p class=MsoFooter>3</p>
  </td>
 </tr>
</table>

</div>

<br clear=ALL>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



</div>

<br
clear=all style='page-break-before:always'>


<div class=WordSection2>





<p class=MsoHeader align=right style='text-align:right'><b>&nbsp;</b></p>



<p class=MsoNormal align=center style='text-align:center'><b>EXHIBIT A</b></p>



<p class=MsoNormal><a name="RANGE!A1:J27"><b>W.
Capital &amp; John T. McDonald</b></a></p>

<p class=MsoNormal>12.00%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2/1/10 to
7/31/10</p>

<p class=MsoNormal>14.00%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8/1/10 on</p>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=918
 style='width:688.55pt;margin-left:4.65pt;border-collapse:collapse'>
 <tr style='height:.1in'>
  <td width=103 nowrap valign=bottom style='width:77.25pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>Monthly</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>Monthly</p>
  </td>
  <td width=103 nowrap valign=bottom style='width:77.0pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>Monthly</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
 </tr>
 <tr style='height:.1in'>
  <td width=103 nowrap valign=bottom style='width:77.25pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>Draw</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>Draw</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>Draw</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>Interest</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>Interest</p>
  </td>
  <td width=103 nowrap valign=bottom style='width:77.0pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>Interest</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>Accrd Int</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>Accrd Int</p>
  </td>
 </tr>
 <tr style='height:.1in'>
  <td width=103 nowrap valign=bottom style='width:77.25pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.5pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>Mcdonald</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>W Capital</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>Total</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>Mcdonald</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>W Capital</p>
  </td>
  <td width=103 nowrap valign=bottom style='width:77.0pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>Total</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>Mcdonald</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>W Capital</p>
  </td>
 </tr>
 <tr style='height:.1in'>
  <td width=103 nowrap valign=bottom style='width:77.25pt;border:none;
  padding:0in 5.4pt 0in 5.4pt;height:.1in'>
  <p class=MsoNormal>2/1/10 draw</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.5pt;border:none;
  padding:0in 5.4pt 0in 5.4pt;height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$25,000.00</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;border:none;
  padding:0in 5.4pt 0in 5.4pt;height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$100,000.00</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;border:none;
  padding:0in 5.4pt 0in 5.4pt;height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$125,000.00</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;border:none;
  padding:0in 5.4pt 0in 5.4pt;height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;border:none;
  padding:0in 5.4pt 0in 5.4pt;height:.1in'></td>
  <td width=103 nowrap valign=bottom style='width:77.0pt;border:none;
  padding:0in 5.4pt 0in 5.4pt;height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;border:none;
  padding:0in 5.4pt 0in 5.4pt;height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;border:none;
  padding:0in 5.4pt 0in 5.4pt;height:.1in'></td>
 </tr>
 <tr style='height:.1in'>
  <td width=103 nowrap valign=bottom style='width:77.25pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal>02/28/2010 bal</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$230.14</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$920.55</p>
  </td>
  <td width=103 nowrap valign=bottom style='width:77.0pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'><b>$1,150.68</b></p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$230.14</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$920.55</p>
  </td>
 </tr>
 <tr style='height:.1in'>
  <td width=103 nowrap valign=bottom style='width:77.25pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal>3/1/10 draw</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$25,000.00</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$100,000.00</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$125,000.00</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=103 nowrap valign=bottom style='width:77.0pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
 </tr>
 <tr style='height:.1in'>
  <td width=103 nowrap valign=bottom style='width:77.25pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal>3/2/10 draw</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=103 nowrap valign=bottom style='width:77.0pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
 </tr>
 <tr style='height:.1in'>
  <td width=103 nowrap valign=bottom style='width:77.25pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal>3/31/10 bal</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=103 nowrap valign=bottom style='width:77.0pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
 </tr>
 <tr style='height:.1in'>
  <td width=103 nowrap valign=bottom style='width:77.25pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal>3/31/2010</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$509.59</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$2,038.36</p>
  </td>
  <td width=103 nowrap valign=bottom style='width:77.0pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'><b>$2,547.95</b></p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$739.73</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$2,958.90</p>
  </td>
 </tr>
 <tr style='height:.1in'>
  <td width=103 nowrap valign=bottom style='width:77.25pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal>4/16/2010</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$50,000.00</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$100,000.00</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$400,000.00</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=103 nowrap valign=bottom style='width:77.0pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
 </tr>
 <tr style='height:.1in'>
  <td width=103 nowrap valign=bottom style='width:77.25pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=103 nowrap valign=bottom style='width:77.0pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
 </tr>
 <tr style='height:.1in'>
  <td width=103 nowrap valign=bottom style='width:77.25pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal>4/30/2010</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$739.73</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$2,465.75</p>
  </td>
  <td width=103 nowrap valign=bottom style='width:77.0pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'><b>$3,205.48</b></p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$1,479.45</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$5,424.66</p>
  </td>
 </tr>
 <tr style='height:.1in'>
  <td width=103 nowrap valign=bottom style='width:77.25pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal>5/31/2010</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$1,019.18</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$3,057.53</p>
  </td>
  <td width=103 nowrap valign=bottom style='width:77.0pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'><b>$4,076.71</b></p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$2,498.63</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$8,482.19</p>
  </td>
 </tr>
 <tr style='height:.1in'>
  <td width=103 nowrap valign=bottom style='width:77.25pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal>6/30/2010</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$986.30</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$2,958.90</p>
  </td>
  <td width=103 nowrap valign=bottom style='width:77.0pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'><b>$3,945.21</b></p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$3,484.93</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$11,441.10</p>
  </td>
 </tr>
 <tr style='height:.1in'>
  <td width=103 nowrap valign=bottom style='width:77.25pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal>7/31/2010</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$1,019.18</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$3,057.53</p>
  </td>
  <td width=103 nowrap valign=bottom style='width:77.0pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'><b>$4,076.71</b></p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$4,504.11</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$14,498.63</p>
  </td>
 </tr>
 <tr style='height:.1in'>
  <td width=103 nowrap valign=bottom style='width:77.25pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal>8/31/2010</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$1,189.04</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$3,567.12</p>
  </td>
  <td width=103 nowrap valign=bottom style='width:77.0pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'><b>$4,756.16</b></p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$5,693.15</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$18,065.75</p>
  </td>
 </tr>
 <tr style='height:.1in'>
  <td width=103 nowrap valign=bottom style='width:77.25pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal>9/30/2010</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$1,150.68</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$3,452.05</p>
  </td>
  <td width=103 nowrap valign=bottom style='width:77.0pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'><b>$4,602.74</b></p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$6,843.84</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$21,517.81</p>
  </td>
 </tr>
 <tr style='height:.1in'>
  <td width=103 nowrap valign=bottom style='width:77.25pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal>10/31/2010</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$1,189.04</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$3,567.12</p>
  </td>
  <td width=103 nowrap valign=bottom style='width:77.0pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'><b>$4,756.16</b></p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$8,032.88</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$25,084.93</p>
  </td>
 </tr>
 <tr style='height:.1in'>
  <td width=103 nowrap valign=bottom style='width:77.25pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal>11/30/2010</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$1,150.68</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$3,452.05</p>
  </td>
  <td width=103 nowrap valign=bottom style='width:77.0pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'><b>$4,602.74</b></p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$9,183.56</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$28,536.99</p>
  </td>
 </tr>
 <tr style='height:.1in'>
  <td width=103 nowrap valign=bottom style='width:77.25pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal>12/13/2010</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$498.63</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$1,495.89</p>
  </td>
  <td width=103 nowrap valign=bottom style='width:77.0pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'><b>$1,994.52</b></p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$9,682.19</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$30,032.88</p>
  </td>
 </tr>
 <tr style='height:.1in'>
  <td width=103 nowrap valign=bottom style='width:77.25pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=103 nowrap valign=bottom style='width:77.0pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
 </tr>
 <tr style='height:.1in'>
  <td width=103 nowrap valign=bottom style='width:77.25pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$100,000.00</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>$300,000.00</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=103 nowrap valign=bottom style='width:77.0pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'><b>$39,715.07</b></p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
 </tr>
 <tr style='height:.1in'>
  <td width=103 nowrap valign=bottom style='width:77.25pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=103 nowrap valign=bottom style='width:77.0pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>Pre-split shs</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>19,364</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>60,066</p>
  </td>
 </tr>
 <tr style='height:.1in'>
  <td width=103 nowrap valign=bottom style='width:77.25pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'></td>
  <td width=103 nowrap valign=bottom style='width:77.0pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>Post-split shs</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>6,455</p>
  </td>
  <td width=102 nowrap valign=bottom style='width:76.3pt;padding:0in 5.4pt 0in 5.4pt;
  height:.1in'>
  <p class=MsoNormal align=center style='text-align:center'>20,022</p>
  </td>
 </tr>
</table>





<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>





</div>

</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5
<SEQUENCE>6
<FILENAME>consentseriesb1.htm
<TEXT>
<html>

<head>
<!-- Document Prepared With E-Services, LLC HTML Software-->
<!-- Copyright 2006 E-Services, LLC.-->
<!-- All rights reserved EDGAR2.com -->



<title>ASSIGNMENT AND ASSUMPTION AGREEMENT</title>


</head>

<body lang=EN-US>

<div class=WordSection1>

<p class=MsoBodyText align=center style='margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;text-indent:0in'><b>&nbsp;</b></p>

<p class=MsoBodyText align=center style='margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;text-indent:0in'><b>&nbsp;</b></p>





<p class=MsoHeader align=right style='text-align:right'><b>&nbsp;</b></p>



<p class=MsoBodyText align=center style='margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;text-indent:0in'><b>CONSENT AND WAIVER</b></p>

<p class=MsoBodyText align=center style='margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;text-indent:0in'><b>&nbsp;</b></p>

<p class=MsoBodyText style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:0in;line-height:150%'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This Consent and Waiver
is given by the undersigned stockholders (collectively, the &quot;<u>Series B
Investors</u>&quot;) to Good Times Restaurants Inc., a Nevada corporation (&quot;<u>Good
Times</u>&quot;), in connection with that certain Securities Purchase Agreement
dated October 29, 2010 (the &quot;<u>SII Agreement</u>&quot;) between Good Times and Small
Island Investments Limited, a Bermuda corporation (&quot;<u>SII</u>&quot;), pursuant to
which Good Times has agreed to issue and sell to SII in consideration of
$2,100,000 an aggregate of 4,200,000 shares of its common stock (the &quot;<u>Shares</u>&quot;)
upon satisfaction of certain closing conditions set forth therein.&nbsp; Reference
is made herein to the Stock Purchase Agreements (together, the &quot;<u>Series B
Purchase Agreements</u>&quot;) between Good Times and each of the Series B Investors.</p>



<p class=Style63 style='margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:.5in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;
line-height:150%'>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Consent to Issuance of Shares and Waiver of
Participation Rights</u>.&nbsp; The Series B Investors hereby consent to the
issuance and sale of the Shares to SII and waive their respective rights of
participation under the Series B Purchase Agreements in connection with the
issuance and sale of the Shares to SII.&nbsp; The foregoing waiver of participation
rights includes, without limitation, the waiver of any right of the Series B
Investors to receive notice of issuance of the Shares, the right to participate
in the sale and purchase of the Shares, and any other rights under the relevant
provisions of the Series B Purchase Agreements with respect to the sale and
issuance of the Shares.</p>



<p class=Style63 style='margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:.5in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;
line-height:150%'>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Director Designation Rights</u>.&nbsp; Each of the
Series B Investors hereby agrees that effective from and after the Closing Date
(as defined in the SII Agreement), with respect to the exercise of their
shareholder voting rights:</p>



<p class=Style64 style='margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;
line-height:150%'>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Any rights of the Series B Investors, or any of
them individually, under the Series B Purchase Agreements to designate members
of the Good Times Board of Directors (the &quot;<u>Board</u>&quot;) are hereby cancelled;
and</p>





<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>










<p class=Style64 style='margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;
line-height:150%'>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In lieu thereof, (i) The Bailey Company, LLLP (&quot;<u>Bailey</u>&quot;)
and its Affiliates (as defined in the SII Agreement) shall have the right to
designate one member of the Board, and (ii) Eric W. Reinhard (&quot;<u>Reinhard</u>&quot;)
and his Affiliates shall have the right to designate one member of the Board.&nbsp;
Notwithstanding the foregoing, if Bailey or Reinhard (in each case, together
with its or his Affiliates) ceases to own at least 600,000 shares of Good
Times' common stock (as adjusted for any stock splits, reverse splits or
similar capital stock transactions), then Bailey or Reinhard, as the case may
be, shall no longer have the right to designate a member of the Board but shall
have the right to exercise its or his shareholder voting rights in the same
manner as all other shareholders of Good Times who do not have director
designation rights.</p>



<p class=Style63 style='margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:.5in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;
line-height:150%'>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Voting Agreement</u>.&nbsp; Each of the Series B
Investors hereby agrees to vote its or his outstanding shares of common stock
in favor of the transactions contemplated by the SII Agreement and submitted
for shareholder approval and, for so long as SII holds at least fifty percent
of Good Times' then-outstanding capital stock, to vote its or his shares in
favor of SII's four designees to the Board.&nbsp; The Series B Investors agree that
SII constitutes a third party beneficiary of the foregoing provision.</p>



<p class=Style63 style='margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:.5in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;
line-height:150%'>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Counterparts</u>.&nbsp; This Waiver and Consent may
be executed in two or more counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same
instrument.&nbsp; This Waiver and Consent may also be executed via facsimile or
electronic signature, which shall be deemed an original.</p>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=Style63 style='margin-bottom:0in;margin-bottom:.0001pt;text-indent:
  -.9pt;line-height:150%'><b>SERIES B INVESTORS</b>:</p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>DATED: December 9, 2010</p>
  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Erie County Investment Co.</p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>By: <i><u>/s/ William D. Whitehurst</u></i></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Name: William D. Whitehurst</p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Title: CFO/VP</p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>DATED: December 9, 2010</p>
  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>By: <i><u>/s/Eric W. Reinhard and /s/ Andrea P. Reinhard</u></i></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Names: Eric W. Reinhard and /s/ Andrea P. Reinhard</p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>DATED: December 9, 2010</p>
  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>By: <i><u>/s/ Ron Goodson</u></i></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Name: Ron Goodson</p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>DATED: December 11, 2010</p>
  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>By: <i><u>/s/ Ileene Green</u></i></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Name: Ileene Green</p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>DATED: December 10, 2010</p>
  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>By: <i><u>/s/ Alan A. Teran</u></i></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Name: Alan A. Teran</p>
  </td>
 </tr>
</table>





<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>DATED: December 9, 2010</p>
  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>By: <i><u>/s/ David A. Depoy</u></i></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Name: David A. Depoy</p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>DATED: December 9, 2010</p>
  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>By<i><u>: /s/ David Grissen</u></i></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Name: David Grissen</p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>DATED: December 8, 2010</p>
  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>By: <i><u>/s/ Peggy M. Clute</u></i></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Name: Peggy M. Clute</p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>

  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>DATED: December 9, 2010</p>
  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>By: <i><u>/s/ David W. Hooker</u></i></p>
  </td>
 </tr>
 <tr>
  <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=46 valign=top style='width:34.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><strong>&nbsp;</strong></p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal>Name: David W. Hooker</p>
  </td>
 </tr>
</table>





<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>





</div>

</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-7
<SEQUENCE>7
<FILENAME>prclosing1.htm
<TEXT>
<html>

<head>
<!-- Document Prepared With E-Services, LLC HTML Software-->
<!-- Copyright 2006 E-Services, LLC.-->
<!-- All rights reserved EDGAR2.com -->




11:
12:


</head>

<body lang=EN-US>

<div class=WordSection1>















<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr style='height:9.35pt'>
  <td width=387 valign=top style='width:290.2pt;padding:0in 5.4pt 0in 5.4pt;
  height:9.35pt'>
  <p class=MsoNormal><b><u>FOR IMMEDIATE RELEASE</u></b></p>
  </td>
  <td width=244 valign=top style='width:183.35pt;padding:0in 5.4pt 0in 5.4pt;
  height:9.35pt'>
  <p class=MsoNormal><b>News</b></p>
  </td>
 </tr>
 <tr style='height:9.35pt'>
  <td width=387 valign=top style='width:290.2pt;padding:0in 5.4pt 0in 5.4pt;
  height:9.35pt'>
  <p class=MsoNormal style='text-align:justify'><b>December 17, 2010</b></p>
  </td>
  <td width=244 valign=top style='width:183.35pt;padding:0in 5.4pt 0in 5.4pt;
  height:9.35pt'>
  <p class=MsoNormal><b>Nasdaq Capital Market- GTIM</b></p>
  </td>
 </tr>
</table>





<p class=MsoNormal align=center style='text-align:center'><b>Good Times Restaurants
Inc. Announces Closing of $2.1m Stock Purchase Agreement</b></p>

<p class=MsoNormal style='text-align:justify'><b>&nbsp;</b></p>

<p class=MsoNormal style='text-align:justify;text-autospace:none'>(GOLDEN, CO) &nbsp;Good
Times Restaurants Inc. (GTIM) today announced that on December 13, 2010 it closed
on a stock purchase transaction with Small Island Investments Ltd. (&quot;SII&quot;) for
the sale of 4,200,000 shares of its common stock for an aggregate purchase
price of $2.1 million following shareholder approval of the transaction. &nbsp;The
Company also reported that it had simultaneously entered into an Amended Credit
Agreement with Wells Fargo Bank on its existing term loan that modifies certain
financial loan covenants and collateral commitments, but without any change to
the interest rate or term of the loan.&nbsp; The Company had been in technical
default of certain loan covenants but had never been in any payment default and
is now in full compliance with the modified covenants.</p>



<p class=MsoNormal style='text-align:justify;text-autospace:none'>Boyd Hoback,
President &amp; CEO said &quot;The proceeds of the equity transaction along with
continued improvement in our operating results allowed us to reduce short term
debt and liabilities and provides additional strength to our balance sheet and
working capital position.&nbsp; We will continue to reinvest in our existing
restaurants as we look toward future growth as liquidity returns to the capital
markets for new company owned and franchised store development.&nbsp; In the near
term we are focused on building cash flow from our existing asset base through
continued sales growth and margin improvement.&quot;</p>



<p class=MsoNormal style='text-align:justify;text-autospace:none'>The Company's
Board of Directors approved a one for three reverse split of the Company's
common stock that was also approved by shareholders at the Special Meeting on
December 13, 2010.&nbsp; The reverse split will be effective as of December 31,
2010.&nbsp; Hoback added &quot;The equity transaction and the reverse split allow us to
maintain our listing on the Nasdaq Capital Market as we evaluate possible
further long term strategic moves to improve shareholder value and liquidity.&quot; </p>



<p class=MsoNormal style='text-align:justify'>Mastodon Ventures Inc. provided strategic
advisory services to the Company in the transaction.&nbsp; A fairness opinion for
the SII transaction was provided to the Board of Directors by Woodville Hall
Capital, LLC, of Middleburg, Virginia</p>



<p class=MsoNormal style='text-align:justify'>Good Times is a regional chain of
quick service restaurants located primarily in Colorado providing a menu of
high quality all natural hamburgers, 100% breast of chicken sandwiches, fresh
frozen custard, fresh squeezed lemonades and other unique offerings.&nbsp; Good
Times currently operates and franchises 49 restaurants.</p>



<p class=MsoNormal style='text-align:justify'>SII is a Bermuda corporation
based in Boston, Massachusetts and is an affiliate of a company that owns and
operates three restaurant brands operating in Canada and the United States
generating approximately $75 million in annual revenues.&nbsp; Bellmark Partners,
LLC acted as SII's financial advisor in connection with the transaction.</p>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>



<br
clear=all style='page-break-before:always'>












<p class=MsoNormal style='text-align:justify'>This
press release contains forward looking statements within the meaning of federal
securities laws.&nbsp; The words &quot;intend,&quot; &quot;may,&quot; &quot;believe,&quot; &quot;will,&quot; &quot;should,&quot;
&quot;anticipate,&quot; &quot;expect,&quot; &quot;seek&quot; and similar expressions are intended to identify
forward looking statements.&nbsp; These statements involve known and unknown risks,
which may cause Good Times' actual results to differ materially from results
expressed or implied by the forward looking statements.&nbsp; These risks include
such factors as the uncertain nature of current restaurant development plans
and the ability to implement those plans<b>,</b> delays in developing and
opening new restaurants because of weather, local permitting or other reasons,
increased competition, cost increases or shortages in raw food products, and
other matters discussed under the &quot;Risk Factors&quot; section of Good Times' Annual
Report on Form 10-K for the fiscal year ended September 30, 2009 filed with the
SEC. &nbsp;Although Good Times may from time to time voluntarily update its forward
looking statements, it disclaims any commitment to do so except as required by
securities laws.</p>



<p class=MsoNormal style='text-align:justify'><b>INVESTOR RELATIONS CONTACTS:</b></p>

<p class=MsoNormal style='text-align:justify'>Good Times Restaurants Inc.</p>

<p class=MsoNormal style='text-align:justify'>Boyd E. Hoback, President and CEO,
303/384-1411</p>

<p class=MsoFooter>Christi Pennington, Executive Assistant, 303/384-1440</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade style='color:navy' align=center>

</div>





</div>

</body>

</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
