<SEC-DOCUMENT>0000825324-13-000023.txt : 20130905
<SEC-HEADER>0000825324-13-000023.hdr.sgml : 20130905
<ACCEPTANCE-DATETIME>20130905143932
ACCESSION NUMBER:		0000825324-13-000023
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20130827
FILED AS OF DATE:		20130905
DATE AS OF CHANGE:		20130905
EFFECTIVENESS DATE:		20130905

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:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-18590
		FILM NUMBER:		131080185

	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>DEF 14A
<SEQUENCE>1
<FILENAME>finalproxy2013.htm
<TEXT>
<HTML>
<head><title>Converted by EDGARwiz</title> </head> <body style="MARGIN-TOP:0px; FONT-FAMILY:Times New Roman; COLOR:#000000; FONT-SIZE:10pt"> <div style=WIDTH:662px> <p style=MARGIN:0px align=center><b>UNITED STATES</b></p> <p style=MARGIN:0px align=center><b>SECURITIES AND EXCHANGE COMMISSION</b></p> <p style=MARGIN:0px align=center><b>Washington, D.C. 20549</b></p> <p style=MARGIN:0px align=center><b>SCHEDULE 14A</b></p> <p style=MARGIN:0px align=center><b>(Rule 14a-101)</b></p> <p style=MARGIN:0px align=center><b>SCHEDULE 14A INFORMATION</b></p> <p style=MARGIN:0px align=center>Proxy Statement Pursuant to Section 14(a) of the Securities</p> <p style=MARGIN:0px align=center>Exchange Act of 1934</p> <p style="MARGIN-TOP:13px; MARGIN-BOTTOM:0px">Filed by the Registrant [x]</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px">Filed by a Party other than the Registrant [ &nbsp;]</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px">Check the appropriate box:</p> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=14> <td width=4> <td width=7> <td width=10> <td width=6> <td width=1> <td width=580 /> </tr><tr> <td width=18 height=16 colspan=2 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>[ &nbsp;]</p></td> <td width=7 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=598 height=16 colspan=4 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>Preliminary Proxy Statement</p></td></tr> <tr> <td width=18 height=16 colspan=2 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>[ &nbsp;]</p></td> <td width=7 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=598 height=16 colspan=4 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</p></td></tr> <tr> <td width=18 height=16 colspan=2 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>[x]</p></td> <td width=7 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=598 height=16 colspan=4 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>Definitive Proxy Statement</p></td></tr> <tr> <td width=18 height=16 colspan=2 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>[ &nbsp;]</p></td> <td width=7 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=598 height=16 colspan=4 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>Definitive Additional Materials</p></td></tr> <tr> <td width=18 height=16 colspan=2 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>[ &nbsp;]</p></td> <td width=7 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=598 height=16 colspan=4 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>Soliciting Material Pursuant to &#167;240.14a-12</p></td></tr> <tr> <td width=624 height=16 colspan=7 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=624 height=16 colspan=7 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px align=center><b>GOOD TIMES RESTAURANTS INC.</b></p></td></tr> <tr> <td width=624 height=16 colspan=7 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px align=center>(Name of Registrant as Specified In Its Charter)</p></td></tr> <tr> <td width=624 height=16 colspan=7 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px align=center><br></p></td></tr> <tr> <td width=624 height=16 colspan=7 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px align=center>(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</p></td></tr> <tr> <td width=624 height=16 colspan=7 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=624 height=16 colspan=7 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>Payment of Filing Fee (Check the appropriate box):</p></td></tr> <tr> <td width=18 height=16 colspan=2 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>[x]</p></td> <td width=7 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=598 height=16 colspan=4 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>No fee required.</p></td></tr> <tr> <td width=18 height=16 colspan=2 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>[ &nbsp;]</p></td> <td width=7 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=598 height=16 colspan=4 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.</p></td></tr> <tr> <td width=14 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=21 height=16 colspan=3 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=7 height=16 colspan=2 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=580 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=14 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=21 height=16 colspan=3 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>(1)</p></td> <td width=7 height=16 colspan=2 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=580 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>Title of each class of securities to which transaction applies:</p></td></tr> <tr> <td width=14 height=1 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=21 height=1 colspan=3 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=7 height=1 colspan=2 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=580 height=1 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style="BORDER-BOTTOM:#000000 1px solid; MARGIN:0px"><br></p></td></tr> <tr> <td width=14 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=21 height=1 colspan=3 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=7 height=1 colspan=2 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=580 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=14 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=21 height=16 colspan=3 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>(2)</p></td> <td width=7 height=16 colspan=2 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=580 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>Aggregate number of securities to which transaction applies:</p></td></tr> <tr> <td width=14 height=1 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=21 height=1 colspan=3 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=7 height=1 colspan=2 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=580 height=1 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style="BORDER-BOTTOM:#000000 1px solid; MARGIN:0px"><br></p></td></tr> <tr> <td width=14 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=21 height=1 colspan=3 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=7 height=1 colspan=2 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=580 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=14 height=33 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=21 height=33 colspan=3 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>(3)</p></td> <td width=7 height=33 colspan=2 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=580 height=33 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):</p></td></tr> <tr> <td width=14 height=1 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=21 height=1 colspan=3 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=7 height=1 colspan=2 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=580 height=1 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style="BORDER-BOTTOM:#000000 1px solid; MARGIN:0px"><br></p></td></tr> <tr> <td width=14 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=21 height=1 colspan=3 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=7 height=1 colspan=2 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=580 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=14 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=21 height=16 colspan=3 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>(4)</p></td> <td width=7 height=16 colspan=2 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=580 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>Proposed maximum aggregate value of transaction:</p></td></tr> <tr> <td width=14 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=21 height=1 colspan=3 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=7 height=1 colspan=2 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=580 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=14 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=21 height=16 colspan=3 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>(5)</p></td> <td width=7 height=16 colspan=2 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=580 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>Total fee paid:</p></td></tr> <tr> <td width=36 height=1 colspan=4 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=6 height=1 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=582 height=1 colspan=2 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=36 height=16 colspan=4 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>[ &nbsp;]</p></td> <td width=6 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=582 height=16 colspan=2 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>Fee paid previously with preliminary materials:</p></td></tr> <tr> <td width=36 height=1 colspan=4 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=6 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=582 height=1 colspan=2 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=36 height=49 colspan=4 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>[ &nbsp;]</p></td> <td width=6 height=49 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=582 height=49 colspan=2 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:6px">Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.</p></td></tr> <tr> <td width=14 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=21 height=16 colspan=3 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>(1)</p></td> <td width=7 height=16 colspan=2 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=580 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>Amount Previously Paid:</p></td></tr> <tr> <td width=14 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=21 height=1 colspan=3 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=7 height=1 colspan=2 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=580 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=14 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=21 height=16 colspan=3 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>(2)</p></td> <td width=7 height=16 colspan=2 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=580 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>Form, Schedule or Registration Statement No.:</p></td></tr> <tr> <td width=14 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=21 height=1 colspan=3 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=7 height=1 colspan=2 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=580 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=14 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=21 height=16 colspan=3 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>(3)</p></td> <td width=7 height=16 colspan=2 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=580 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>Filing Party:</p></td></tr> <tr> <td width=14 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=21 height=1 colspan=3 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=7 height=1 colspan=2 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td> <td width=580 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=14 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=21 height=16 colspan=3 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>(4)</p></td> <td width=7 height=16 colspan=2 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px><br></p></td> <td width=580 height=16 style="BACKGROUND-COLOR:#ffffff; MARGIN-TOP:0px" valign=top> <p style=MARGIN:0px>Date Filed:</p></td></tr></table> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center><b>GOOD TIMES RESTAURANTS INC.</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center><b>601 Corporate Circle</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center><b>Golden, Colorado 80401</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center><b>NOTICE OF ANNUAL MEETING OF STOCKHOLDERS</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:20px" align=center><b>To Be Held September 27, 2013</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>To the Stockholders of Good Times Restaurants Inc.:</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The Annual Meeting of the Stockholders (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Annual Meeting<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) of Good Times Restaurants Inc., a Nevada corporation (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>), will be held at our corporate offices, which are located at 601 Corporate Circle, Golden, Colorado 80401, on Friday, September 27, 2013,<b> </b>at 9:00 a.m. local time. &nbsp;The purposes of the Annual Meeting are:</p> <p style="MARGIN-TOP:0px; TEXT-INDENT:48px; WIDTH:96px; MARGIN-BOTTOM:-2px; FLOAT:left">1.</p> <p style="MARGIN-TOP:0px; TEXT-INDENT:-2px; MARGIN-BOTTOM:13px" align=justify>To elect eight directors of the Company to serve for the next year;</p> <p style="MARGIN-TOP:0px; TEXT-INDENT:48px; WIDTH:96px; MARGIN-BOTTOM:-2px; FLOAT:left; CLEAR:left">2.</p> <p style="MARGIN-TOP:0px; TEXT-INDENT:-2px; MARGIN-BOTTOM:13px" align=justify>To submit an advisory vote on the compensation of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s named executive officers;</p> <p style="MARGIN-TOP:0px; TEXT-INDENT:48px; WIDTH:96px; MARGIN-BOTTOM:-2px; FLOAT:left; CLEAR:left">3.</p> <p style="MARGIN-TOP:0px; TEXT-INDENT:-2px; PADDING-LEFT:96px; MARGIN-BOTTOM:13px" align=justify>To submit an advisory vote on the frequency of future votes on the compensation of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s named executive officer; and</p> <p style="MARGIN-TOP:0px; TEXT-INDENT:48px; WIDTH:96px; MARGIN-BOTTOM:-2px; FLOAT:left; CLEAR:left">4.</p> <p style="MARGIN-TOP:0px; TEXT-INDENT:-2px; PADDING-LEFT:96px; MARGIN-BOTTOM:13px" align=justify>To transact such other business as may properly come before the Annual Meeting and any adjournments or postponements thereof.</p> <p style="MARGIN-TOP:13px; MARGIN-BOTTOM:13px; CLEAR:left" align=justify>The accompanying proxy statement (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Proxy Statement<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) contains additional information about the Annual Meeting. &nbsp;Only stockholders of record at the close of business on the record date of August 27, 2013 are entitled to notice of and to vote at the Annual Meeting and any adjournments or postponements thereof. &nbsp;The Proxy Statement is being mailed to stockholders entitled to vote at the Annual Meeting on or about September 6, 2013.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>All stockholders are cordially invited to attend the Annual Meeting. &nbsp;If you do not plan to attend the meeting, please sign, date, and promptly return the enclosed proxy card. &nbsp;A business reply envelope is enclosed for your convenience. &nbsp;The delivery of a proxy will not affect your right to vote in person if you attend the Annual Meeting. &nbsp;Your vote is important.</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>Sincerely,</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><i>/s/ Susan M. Knutson</i></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>Susan M. Knutson</p> <p style=MARGIN:0px>Secretary and Controller</p> <p style=MARGIN:0px>September 6, 2013</p> <p style=MARGIN:0px><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center><b>TABLE OF CONTENTS</b></p> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=582> <td width=54 /> </tr><tr> <td width=582 height=28 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:22px">GENERAL INFORMATION</p></td> <td width=54 height=28 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>1</p></td></tr> <tr> <td width=582 height=28 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:22px">PROPOSAL #1 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> ELECTION OF DIRECTORS</p></td> <td width=54 height=28 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>4</p></td></tr> <tr> <td width=582 height=28 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:22px">CORPORATE GOVERNANCE</p></td> <td width=54 height=28 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>12</p></td></tr> <tr> <td width=582 height=28 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:22px">CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS</p></td> <td width=54 height=28 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>16</p></td></tr> <tr> <td width=582 height=28 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:22px">AUDIT COMMITTEE REPORT</p></td> <td width=54 height=28 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>19</p></td></tr> <tr> <td width=582 height=28 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:22px">INDEPENDENT AUDITOR INFORMATION</p></td> <td width=54 height=28 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>20</p></td></tr> <tr> <td width=582 height=28 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:22px">OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</p></td> <td width=54 height=28 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>21</p></td></tr> <tr> <td width=582 height=28 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:23px">EXECUTIVE COMPENSATION</p> <p style=MARGIN:0px><br></p></td> <td width=54 height=28 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>22</p></td></tr> <tr> <td width=582 height=28 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:22px">PROPOSAL #2 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> ADVISORY VOTE ON THE COMPENSATION OF THE COMPANY<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>S NAMED EXECUTIVE OFFICERS</p> <p style=MARGIN:0px><br></p></td> <td width=54 height=28 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>25</p></td></tr> <tr> <td width=582 height=28 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:22px">PROPOSAL #3 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> FREQUENCY OF FUTURE ADVISORY VOTES ON THE COMPENSATION OF THE COMPANY<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>S NAMED EXECUTIVE OFFICERS</p> <p style=MARGIN:0px><br></p></td> <td width=54 height=28 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>26</p></td></tr> <tr> <td width=582 height=28 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:22px">STOCKHOLDER NOMINATIONS AND OTHER PROPOSALS</p></td> <td width=54 height=28 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>27</p></td></tr> <tr> <td width=582 height=28 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:22px">OTHER MATTERS</p></td> <td width=54 height=28 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>27</p></td></tr> <tr> <td width=582 height=28 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:22px">WHERE YOU CAN FIND MORE INFORMATION</p></td> <td width=54 height=28 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>27</p></td></tr> <tr> <td width=582 height=28 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:22px">INCORPORATION OF DOCUMENTS BY REFERENCE</p></td> <td width=54 height=28 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>27</p></td></tr></table> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:16px" align=center><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center><b>GOOD TIMES RESTAURANTS INC.</b></p> <p style=MARGIN:0px align=center><b>601 Corporate Circle</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center><b>Golden, Colorado 80401</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center><b>PROXY STATEMENT FOR ANNUAL MEETING OF STOCKHOLDERS</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:20px" align=center><b>To Be Held September 27, 2013</b></p> <p style="MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=justify>This Proxy Statement relates to the Annual Meeting of Stockholders (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Annual Meeting<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) of Good Times Restaurants Inc., a Nevada corporation (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>). &nbsp;The Annual Meeting will be held on Friday, September 27, 2013, at 9:00 a.m. local time, at our corporate offices, which are located at 601 Corporate Circle, Golden, Colorado 80401, or at such other time and place to which the Annual Meeting may be adjourned or postponed. &nbsp;The enclosed proxy is solicited by our Board of Directors (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Board<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>). &nbsp;The proxy materials relating to the Annual Meeting are first being mailed to stockholders entitled to vote at the meeting on or about September 6, 2013.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The terms <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>we,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>us,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> and <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>our<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> in this Proxy Statement refer to the Company.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Stockholders To Be Held on September 27, 2013</b>: &nbsp;This Proxy Statement is also available at our website at www.goodtimesburgers.com.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center><b>GENERAL INFORMATION</b></p> <p style="MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=justify><b>What is the purpose of the Annual Meeting?</b></p> <p style="MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=justify>At the Annual Meeting, the stockholders will act upon the matters outlined in the accompanying Notice of Annual Meeting and this Proxy Statement, including:</p> <p style="MARGIN-TOP:0px; WIDTH:48px; MARGIN-BOTTOM:-2px; FLOAT:left">1.</p> <p style="MARGIN-TOP:0px; TEXT-INDENT:-2px; MARGIN-BOTTOM:13px" align=justify>The election of eight directors of the Company to serve for the next year; </p> <p style="MARGIN-TOP:0px; WIDTH:48px; MARGIN-BOTTOM:-2px; FLOAT:left; CLEAR:left">2.</p> <p style="MARGIN-TOP:0px; TEXT-INDENT:-2px; MARGIN-BOTTOM:13px" align=justify>The submission of an advisory vote on the compensation of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s named executive officer; and</p> <p style="MARGIN-TOP:0px; WIDTH:48px; MARGIN-BOTTOM:-2px; FLOAT:left; CLEAR:left">3.</p> <p style="MARGIN-TOP:0px; TEXT-INDENT:-2px; MARGIN-BOTTOM:13px" align=justify>The submission of an advisory vote on the frequency of future votes on the compensation of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s named executive officers.</p> <p style="MARGIN-TOP:13px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px; CLEAR:left" align=justify><b>Who is entitled to attend and vote at the Annual Meeting?</b></p> <p style="MARGIN-TOP:13px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=justify>Only stockholders of record at the close of business on the record date of August 27, 2013, or their duly appointed proxies, are entitled to receive notice of the Annual Meeting, attend the meeting, and vote their shares at the Annual Meeting or any adjournment or postponement thereof. &nbsp;At the close of business on August 27, 2013, there were 4,926,214 shares of our common stock, par value $0.001 per share (<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Common Stock<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>), outstanding. &nbsp;Each outstanding share of our Common Stock is entitled to one vote. &nbsp;Our Bylaws do not allow holders to accumulate votes in the election of directors.</p> <p style="MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=justify><b>How do I vote?</b></p> <p style="MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=justify>You may vote on matters to come before the Annual Meeting in two ways: (i) you can attend the Annual Meeting and cast your vote in person, or (ii) you can vote by completing, signing, and dating the enclosed proxy card and returning it to us in the enclosed business reply envelope or via facsimile to Boyd E. Hoback, our President and Chief Executive Officer, at (303) 273-0177. &nbsp;If you return the proxy card, you will authorize the individuals named on the proxy card, referred to as proxy holders, to vote your shares according to your instructions or, if you provide no instructions, according to the recommendations of our Board. &nbsp;If your shares are held by a broker in <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>street name,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> you will receive a voting instruction form from your broker or the broker<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s agent asking you how your shares should be voted.</p> <p style="MARGIN:0px; PADDING-RIGHT:0px" align=center>1</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:11px"><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=justify><b>What if I vote and then change my mind?</b></p> <p style="MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=justify>You may revoke a proxy at any time before the vote is taken at the Annual Meeting by either (i) filing with our corporate secretary a written notice of revocation, (ii) sending in another duly executed proxy bearing a later date, or (iii) attending the meeting and casting your vote in person. &nbsp;Your last vote will be the vote that is counted.</p> <p style="MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=justify><b>How can I get more information about attending the Annual Meeting and voting in person?</b></p> <p style="MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=justify>The Annual Meeting will be held on Friday, September 27, 2013, at 9:00 a.m., local time, at the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s corporate offices, which are located at 601 Corporate Circle, Golden, Colorado 80401, or at such other time and place to which the Annual Meeting may be adjourned or postponed. &nbsp;For additional details about the Annual Meeting, including directions to the meeting site and information about how you may vote in person if you so desire, please call or email Boyd E. Hoback, our President and Chief Executive Officer, at (303) 384-1400 or at bhoback@gtrestaurants.com.</p> <p style="MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=justify><b>What are the Board<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s recommendations?</b></p> <p style="MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=justify>Unless you give other instructions on your proxy card, the persons named on the proxy card will vote in accordance with the recommendations of our Board, which are described in this Proxy Statement. &nbsp;Our Board recommends a vote FOR each of the proposals described in the accompanying Notice of Annual Meeting of Stockholders and this Proxy Statement.</p> <p style="MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=justify>With respect to any other matter that properly comes before the meeting, the proxy holders will vote as recommended by our Board or, if no recommendation is given, in their own discretion.</p> <p style="MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=justify><b>What constitutes a quorum?</b></p> <p style="MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=justify>The presence at the Annual Meeting, in person or by proxy, of the holders of a majority of the issued and outstanding shares of our Common Stock on the record date will constitute a quorum at the Annual Meeting, permitting us to conduct our business at the Annual Meeting. &nbsp;Proxies received but marked as abstentions and broker non-votes (defined below) will be included in the calculation of the number of shares considered to be present at the meeting for purposes of determining whether a quorum is present. &nbsp;If a quorum is not present, the Annual Meeting may be adjourned until a quorum is obtained.</p> <p style="MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=justify><b>What vote is required to approve each proposal?</b></p> <p style="MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=justify><i>Vote Required</i>. &nbsp;Approval of each proposal to be considered and voted upon at the Annual Meeting will require the affirmative vote of a majority of the votes cast by the holders of our Common Stock present in person or represented by proxy at the Annual Meeting (assuming we have a quorum as described above). &nbsp;In addition, in order for the Investor to be obligated to close the Investment Transaction, among other conditions that must be satisfied, the Investment Transaction must be approved by a majority of the votes cast by the holders of our Common Stock other than the Investor and its affiliates. &nbsp;A properly executed proxy marked <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>ABSTAIN<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> with respect to a proposal will not be voted for that proposal but will be counted for purposes of whether there is a quorum at the meeting. &nbsp;Abstentions will result in the respective proposal receiving fewer votes.</p> <p style="MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=justify><i>Effect of Broker Non-Votes</i>. &nbsp;If your shares are held by your broker in <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>street name,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> you will receive a voting instruction form from your broker or the broker<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s agent asking you how your shares should be voted. &nbsp;Please complete the form and return it in the envelope provided by the broker or agent. &nbsp;No postage is necessary if mailed in the United States. &nbsp;If you do not instruct your broker how to vote, your broker may vote your shares at its discretion or, on some matters, may not be permitted to exercise voting discretion. &nbsp;Votes that could have been cast on the matter in question if the brokers have received their customers<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font> instructions, and as to which the broker has notified us on a proxy form in accordance with industry practice or has otherwise advised us that it lacks voting authority, are referred to as <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>broker non-votes.<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> &nbsp;Thus, if you do not give your broker or nominee specific instructions, your shares may not be voted on those matters and will not be counted as a vote cast in determining the number of shares necessary for approval of those matters. &nbsp;Shares represented by such broker non-votes, however, will be counted in determining whether there is a quorum. &nbsp;Accordingly, broker non-votes will result in the respective proposal receiving fewer votes.</p> <p style="MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=center>2</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:11px"><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=justify><b>Can I dissent or exercise rights of appraisal?</b></p> <p style="MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=justify>Neither Nevada law nor our Articles of Incorporation or Bylaws provide our stockholders with dissenters<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font> or appraisal rights in connection with the proposals to be voted on at the Annual Meeting. &nbsp;If the proposals are approved at the Annual Meeting, stockholders voting against such proposals will not be entitled to seek appraisal for their shares.</p> <p style="MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=justify><b>Who pays for this proxy solicitation?</b></p> <p style="MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=justify>The Company will bear the entire cost of this proxy solicitation, including the preparation, assembly, printing, and mailing of this Proxy Statement, the proxy card, and any additional solicitation materials furnished to the stockholders. &nbsp;In addition to solicitation by mail, proxies may be solicited by our directors, officers, and regular employees by telephone or personal interview. &nbsp;These individuals will not receive any compensation for their services other than their regular salaries. &nbsp;Arrangements will also be made with brokerage houses and other custodians and fiduciaries to forward solicitation materials to the beneficial owners of the shares held on the record date, and we may reimburse those persons for reasonable out-of-pocket expenses incurred by them in so doing.</p> <p style="MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=center>3</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=center><b>PROPOSAL #1 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> ELECTION OF DIRECTORS</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>Pursuant to our Bylaws, as amended by our Board on August 30, 2013, the size of our Board has been set at eight directors. &nbsp;All of our directors are elected annually to serve a one-year term expiring at the next annual meeting of stockholders. &nbsp;The eight nominees for election at the Annual Meeting, listed below, are currently serving as directors of the Company. &nbsp;Each nominee has consented to be named in this Proxy Statement and to serve as a director if elected. &nbsp;However, if any nominee is unable to serve or for good cause will not serve as a director, each of the persons named in the proxy intend to vote in his or her discretion for a substitute who will be designated by our Board.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><u>Director Nominees</u></p> <p style=MARGIN:0px align=justify>The following table sets forth certain information about the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s eight director nominees.</p> <p style=MARGIN:0px><br></p> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=129> <td width=38> <td width=64> <td width=149> <td width=280 /> </tr><tr> <td width=129 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Name</u></p></td> <td width=38 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Age</u></p></td> <td width=64 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Director Since</u></p></td> <td width=149 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><u>Other Positions Held with the Company</u></p> <p style=MARGIN:0px align=center><br></p></td> <td width=280 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Employment and Business Experience</u></p></td></tr> <tr> <td width=129 style=MARGIN-TOP:0px> <p style=MARGIN:0px>Geoffrey R. Bailey</p></td> <td width=38 style=MARGIN-TOP:0px> <p style=MARGIN:0px>61</p></td> <td width=64 style=MARGIN-TOP:0px> <p style=MARGIN:0px>1996</p></td> <td width=149 style=MARGIN-TOP:0px> <p style=MARGIN:0px>Member of the Compensation Committee</p></td> <td width=280 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=justify>Mr. Bailey is a director of The Erie County Investment Co., which owns 99% of The BaileyCompany. &nbsp;The principal business of The Bailey Company is owning and operating 51 Arby<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s restaurants as a franchisee. &nbsp;The Bailey Company was also previously a franchisee and joint venture partner of the Company. &nbsp;Mr. Bailey joined The Erie County Investment Co. in 1979. &nbsp;Mr. Bailey is a graduate of the University of Denver with a Bachelor<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s degree in Business Administration.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Mr. Bailey was selected to serve on our Board in light of his substantial experience within the restaurant industry and his broad knowledge concerning corporate governance and management.</p></td></tr></table> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=center>4</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:11px"><br></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px><br></p> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=129> <td width=38> <td width=64> <td width=149> <td width=280 /> </tr><tr> <td width=129 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Name</u></p></td> <td width=38 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Age</u></p></td> <td width=64 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Director Since</u></p></td> <td width=149 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><u>Other Positions Held with the Company</u></p> <p style=MARGIN:0px align=center><br></p></td> <td width=280 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Employment and Business Experience</u></p></td></tr> <tr> <td width=129 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>David L. Dobbin</p></td> <td width=38 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>52</p></td> <td width=64 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>2010</p></td> <td width=149 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>Chairman of the Board</p></td> <td width=280 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify>Mr. Dobbin serves as Chairman of the Board of Small Island Investments Limited (2010-present). &nbsp;In addition, he serves as Chairman of the Board of Welaptega Marine Ltd. (2008-present), a leading supplier of offshore mooring inspection systems. &nbsp;Prior to March 2012, he also served as Chairman of the Boards of Terra Nova Pub Groups Ltd., and its subsidiaries and affiliates, including Elephant &amp; Castle Group, Inc. (2007-2012). &nbsp;Previously, Mr. Dobbin served in several capacities with CHC Helicopter Corporation, the world<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s leading offshore helicopter services provider, and led Canadian Ocean Resource Associates Inc., a consulting firm specializing in international best practice reviews in various sectors, third world institutional support, and public/private partnerships. &nbsp;Mr. Dobbin holds a Bachelor of Commerce degree from Memorial University of Newfoundland.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Mr. Dobbin was selected to serve on our Board in light of his substantial experience in the restaurant industry and his experience as an investor in the transportation, service, real estate, and hospitality sectors.</p> <p style=MARGIN:0px align=justify><br></p></td></tr></table> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center>5</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:11px"><br></p> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=129> <td width=38> <td width=64> <td width=149> <td width=280 /> </tr><tr> <td width=129 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Name</u></p></td> <td width=38 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Age</u></p></td> <td width=64 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Director Since</u></p></td> <td width=149 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><u>Other Positions Held with the Company</u></p> <p style=MARGIN:0px align=center><br></p></td> <td width=280 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Employment and Business Experience</u></p></td></tr> <tr> <td width=129 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>Gary J. Heller</p> <p style=MARGIN:0px><br></p></td> <td width=38 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>46</p></td> <td width=64 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>2010</p></td> <td width=149 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><br></p></td> <td width=280 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify>Gary J. Heller is currently President of Heathcote Capital LLC, the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s financial advisor. &nbsp;See <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Certain Relationships and Related Party Transactions.<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>&nbsp; Mr. Heller also served as Chief Operating Officer of Il Mulino New York, which operates and licenses fine dining Italian restaurants, from October 2012 to June 2013.&nbsp; Prior to March 2012, Mr. Heller also served as a director and executive officer of Elephant &amp; Castle Group, Inc. &nbsp;Prior to his involvement in the restaurant industry, Mr. Heller served as a Managing Director of FTI Capital Advisors, LLC and a Director of Andersen Corporate Finance LLC. &nbsp;&nbsp;Mr. Heller holds a BA in Economics from the University of Pennsylvania and an MBA in Finance from New York University.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Mr. Heller was selected to serve on our Board of Directors in light of his substantial experience in the restaurant industry and his experience as a financial advisor and an investment banker. &nbsp;</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Prior to April 2012, Mr. Heller also served as a member of our Audit Committee and as chairman of our Compensation Committee. &nbsp;Mr. Heller resigned from both committee positions upon the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s engagement of Heathcote Capital LLC as financial advisor.</p> <p style=MARGIN:0px align=justify><br></p></td></tr> <tr> <td width=129 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>Boyd E. Hoback</p></td> <td width=38 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>58</p></td> <td width=64 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>1992</p></td> <td width=149 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>President and Chief Executive Officer</p></td> <td width=280 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify>Mr. Hoback has served as our President and Chief Executive Officer and as a member of our Board of Directors since December 1992 and has been in the restaurant business since the age of 16. &nbsp;Mr. Hoback has been a vital part of the development of the Company and has been involved in developing and managing all areas of the Company. &nbsp;Mr. Hoback is an honors graduate of the University of Colorado in Finance.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Mr. Hoback was selected to serve on our Board in light of his in-depth understanding of our business.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>We have also designated Mr. Hoback as one of five managers of Bad Daddy<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Franchise Development, LLC, an entity in which we hold a 48% voting membership interest.</p> <p style=MARGIN:0px align=justify><br></p></td></tr></table> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center>6</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px"><br></p> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=129> <td width=38> <td width=64> <td width=149> <td width=280 /> </tr><tr> <td width=129 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Name</u></p></td> <td width=38 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Age</u></p></td> <td width=64 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Director Since</u></p></td> <td width=149 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><u>Other Positions Held with the Company</u></p> <p style=MARGIN:0px align=center><br></p></td> <td width=280 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Employment and Business Experience</u></p></td></tr> <tr> <td width=129 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>Eric W. Reinhard</p></td> <td width=38 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>55</p></td> <td width=64 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>2005</p></td> <td width=149 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>Member of the Audit and Compensation Committees</p></td> <td width=280 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify>Mr. Reinhard serves as Chairman and CEO of Shadow Beverage and Snacks, a consumer products accelerator of early stage innovation (2013-present). Prior to his recent assignment, Mr. Reinhard served as President of the Pepsi Cola Bottler<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Association, a beverage association management and consulting firm (2006-2013). &nbsp;Prior to June 2004 he was the Senior Vice President &amp; General Manager for the Pepsi Bottling Group<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Great West Business Unit. &nbsp;While in this role, Mr. Reinhard was also a member of the Pepsi Bottling Group<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Chairman<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Council, a member of the Food Service Strategic Planning Committee, and a member of The Dr. Pepper Bottler Marketing Committee. &nbsp;Mr. Reinhard joined Pepsi Cola in 1984 after four years with The Proctor &amp; Gamble Distributing Company. &nbsp;Since 1984 he has held several field and headquarters positions including Vice President/General Manager Pepsi-Lipton Tea Partnership (JV), General Manager Mid-Atlantic business Unit, Area Vice President Retail Channels, Vice President On-Premise Operations and Area Vice President of Franchise Operations. &nbsp;Mr. Reinhard holds a BA from Michigan State University and has completed the Executive Business Program at the University of Michigan.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Mr. Reinhard was selected to serve on our Board in light of his substantial experience within the beverage industry and his broad knowledge concerning corporate governance and management. &nbsp;</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>From 2005-2010, Mr. Reinhard also served as Chairman of our Board.</p> <p style=MARGIN:0px align=justify><br></p></td></tr></table> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center>7</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px"><br></p> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=129> <td width=38> <td width=64> <td width=149> <td width=280 /> </tr><tr> <td width=129 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Name</u></p></td> <td width=38 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Age</u></p></td> <td width=64 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Director Since</u></p></td> <td width=149 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><u>Other Positions Held with the Company</u></p> <p style=MARGIN:0px align=center><br></p></td> <td width=280 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Employment and Business Experience</u></p></td></tr> <tr> <td width=129 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>Alan A. Teran</p></td> <td width=38 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>68</p></td> <td width=64 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>2012</p></td> <td width=149 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>Chairman of the Audit and Compensation Committees</p></td> <td width=280 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify>Mr. Teran is currently a principal in multiple private restaurants. &nbsp;He previously served on our Board from 1994 to 2010. &nbsp;Mr. Teran also served as a Director of Morton<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Restaurant Group, Inc. from 1994 until February 2012. &nbsp;He served as president of the Cork &amp; Cleaver restaurant chain from 1975 to 1981 and served as a Director for Boulder Valley National Bank and Charlie Brown<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Restaurants. &nbsp;He was one of the first franchisees of Le Peep Restaurants. &nbsp;Mr. Teran graduated from the University of Akron in 1968 with a degree in business. &nbsp;</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Mr. Teran was selected to serve on our Board in light of his substantial experience within the restaurant industry, his experience as an investor in multiple private restaurants, and his prior service on our Board.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>We have also designated Mr. Teran as one five managers of Bad Daddy<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Franchise Development, LLC, an entity in which we hold a 48% voting membership interest.</p> <p style=MARGIN:0px align=justify><br></p></td></tr></table> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center>8</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px"><br></p> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=129> <td width=38> <td width=64> <td width=149> <td width=280 /> </tr><tr> <td width=129 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Name</u></p></td> <td width=38 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Age</u></p></td> <td width=64 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Director Since</u></p></td> <td width=149 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><u>Other Positions Held with the Company</u></p> <p style=MARGIN:0px align=center><br></p></td> <td width=280 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Employment and Business Experience</u></p></td></tr> <tr> <td width=129 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>Reuven Har-Even</p></td> <td width=38 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>65</p></td> <td width=64 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>N/A</p> <p style=MARGIN:0px align=center><br></p></td> <td width=149 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>N/A</p> <p style=MARGIN:0px align=center><br></p></td> <td width=280 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify>Mr. Har-Even is currently an Executive Vice President and Chief Financial Officer of P&amp;E Capital, Inc., a family office holding company, in which capacity he has evaluated and is currently evaluating numerous investment opportunities in the restaurant industry. From 2002 to 2005 Mr. Har-Even served as Executive Vice President and Chief Financial Officer of Tiffen Acquisition LLC, a photographic equipment manufacturer and distributor. From 2001 to 2002 Mr. Har-Even served as Chief Financial and Administrative Officer of The Goldman Group, a global holding company of six machine tool subsidiaries. From 1997 to 2001 Mr. Har-Even served as acting Chief Operating Officer and Chief Financial Officer of Hayward Industrial Products, Inc., a manufacturer of industrial filtration products. From 1987 to 1997 Mr. Har-Even served as the Chief Financial Officer of Hayward Industries, Inc., holding company of largest swimming pool equipment manufacturer in North America. Prior to 1987 Mr. Har-Even was a partner at Grant Thornton, an international accounting and consulting firm.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Mr. Har-Even holds a BA in Statistics and Computer Science from The Hebrew University and an MBA in accounting and computer applications and information systems from New York University. Mr. Har-Even is a Certified Public Accountant and a member of the American institute of Certified Public Accountants and of the New York State Society of Certified Public Accountants.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Mr. Har-Even was selected to serve on our Board in light of his broad business experience and his experience with financial and accounting matters.</p> <p style=MARGIN:0px align=justify><br></p></td></tr></table> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center>9</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px"><br></p> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=129> <td width=38> <td width=64> <td width=149> <td width=280 /> </tr><tr> <td width=129 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Name</u></p></td> <td width=38 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Age</u></p></td> <td width=64 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Director Since</u></p></td> <td width=149 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><u>Other Positions Held with the Company</u></p> <p style=MARGIN:0px align=center><br></p></td> <td width=280 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center><u>Employment and Business Experience</u></p></td></tr> <tr> <td width=129 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>Steven M. Johnson</p></td> <td width=38 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>54</p></td> <td width=64 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>N/A</p> <p style=MARGIN:0px align=center><br></p></td> <td width=149 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>N/A</p> <p style=MARGIN:0px align=center><br></p></td> <td width=280 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify>Mr. Johnson is currently a Jimmy John<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s franchisee in Oklahoma. &nbsp;Prior to becoming a Jimmy John<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s franchisee, Mr. Johnson served as the Chief Executive Officer of F&amp;H Acquisition Corp., which owns and operates the Champps, Fox &amp; Hound, and Bailey<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s restaurant concepts. &nbsp;From 1999 to 2006, Mr. Johnson served as Chief Executive Officer of Fox &amp; Hound Restaurant Group. &nbsp;From 1992 until 1998, Mr. Johnson was Chief Operating Officer for Coulter Enterprises, Inc., a Pizza Hut franchisee operating 100 Pizza Hut restaurants. &nbsp;From 1985 through 1991, he was Controller for Fugate Enterprises, Inc., a Pizza Hut, Taco Bell and Blockbuster Video franchisee. &nbsp;Previously, he was employed by the accounting firm of Ernst &amp; Young. &nbsp;&nbsp;Mr. Johnson is a certified public accountant. &nbsp;&nbsp;&nbsp;</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Mr. Johnson also serves on the board of directors of Pizza Inn Holdings, Inc. (Nasdaq: PZZI), a position he has held since 2006. </p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Mr. Johnson holds a degree in accounting from Wichita State University.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Mr. Johnson was selected to serve on our Board in light of his substantial experience in the restaurant industry.</p></td></tr></table> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=justify>As set forth above, prior to March 2012, Messrs. Dobbin and Heller each served as a director and executive officer of Elephant &amp; Castle Group Inc. &nbsp;On June 28, 2011, Elephant &amp; Castle Group, Inc. and related subsidiaries (collectively, the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Elephant &amp; Castle Group<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code. &nbsp;The Elephant &amp; Castle Group subsequently sold all of its assets in a sale under the bankruptcy proceedings.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>There are no family relationships among the directors. &nbsp;As discussed below, under the heading <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Director Independence,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> the Board has determined that of the current directors Messrs. Bailey, Reinhard, and Teran are independent directors under the NASDAQ listing standards. &nbsp;In addition, the Board previously determined that Neil Calvert qualified as an independent director under the NASDAQ listing standards prior to his ceasing to be a director effective August 30, 2013.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Geoffrey R. Bailey was originally elected to the Board pursuant to contractual board representation rights granted to The Bailey Company in connection with its investment in shares of our Series A Convertible Preferred Stock in 1996. &nbsp;Mr. Bailey has continued to serve on the Board pursuant to contractual board representation rights held by The Bailey Company and its affiliates (<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>The Bailey Group<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) in connection with our Series B Convertible Preferred Stock financing in February 2005 and the subsequent modification of those contractual rights in connection with the closing of our initial investment transaction with the Investor in December 2010, whereby The Bailey Group is entitled to designate one individual for election to our Board.</p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>Eric W. Reinhard was originally elected to the Board pursuant to contractual board representation rights granted to certain investors in connection with our Series B Convertible Preferred Stock financing in February 2005 and the subsequent modification of those contractual rights in connection with the closing of our initial investment transaction with the Investor in December 2010, whereby Mr. Reinhard and his affiliates are entitled to designate one individual for election to our Board.</p> <p style=MARGIN:0px align=center>10</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px"><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>Messrs. Dobbin, Heller, and Teran were originally elected to the Board pursuant to contractual director designation rights granted to Small Island Investments Limited (<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>SII<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) in connection with its initial investment in our Common Stock in December 2010 and its subsequent investment in our Series C Convertible Preferred Stock in September 2013. &nbsp;The investment agreements provided that, for so long as SII continued to own at least 50% of our outstanding capital stock, (i) our Board shall not consist of more than seven directors, and (ii) SII would have the right to designate four individuals for election to our Board. &nbsp;Following the completion of our public offering of shares of Common Stock and related warrants on August 21, 2013, SII no longer owns at least 50% of our outstanding capital stock and thus no longer has the right to designate four individuals for election to our Board. &nbsp;SII has consented to the increase in the size of our Board of Directors from seven to eight members. &nbsp;</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>Vote Required for Approval</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>Approval of Proposal #1 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> the election of eight directors <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> will require the affirmative vote of a majority of the votes cast by the holders of our Common Stock present in person or represented by proxy at the meeting and entitled to vote on the matter.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT STOCKHOLDERS VOTE <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>FOR<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> THE COMPANY<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>S EIGHT DIRECTOR NOMINEES LISTED ON THE ENCLOSED PROXY CARD.</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center>11</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:16px" align=justify><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:16px" align=center><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px" align=center><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN-TOP:0px; MARGIN-BOTTOM:6px" align=center><b>CORPORATE GOVERNANCE</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>Director Independence</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Common Stock is listed on the NASDAQ Capital Market under the trading symbol <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>GTIM<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>. &nbsp;NASDAQ listing rules require that a majority of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s directors be <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>independent directors<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> as defined by NASDAQ corporate governance standards.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The Board has determined that of the current directors Messrs. Bailey, Reinhard, and Teran are independent directors under the NASDAQ listing standards, while Messrs. Dobbin, Heller, and Hoback are not independent under such standards. &nbsp;The Board has also determined that each of the two current members of the Audit Committee is <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>independent<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> for purposes of Section 10A(m)(3) of the Securities Exchange Act of 1934 under the rules of the Securities and Exchange Commission (<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>SEC<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) promulgated thereunder. &nbsp;In addition, the Board previously determined that Neil Calvert qualified as an independent director under both the NASDAQ listing standards and SEC rules prior to his ceasing to be a director effective August 30, 2013.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>Leadership Structure</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The Board does not have a policy regarding the separation of the roles of Chief Executive Officer and Chairman of the Board as the Board believes it is in the best interests of the Company to make that determination from time to time based on the position and direction of the Company and the membership of the Board. &nbsp;However, the Board has determined that separating these roles is in the best interests of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s stockholders at this time. &nbsp;The Board believes that this structure permits the Chief Executive Officer to focus on the management of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s day-to-day operations.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>Risk Oversight</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>Material risks are identified and prioritized by the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s management and reported to the Board for oversight. &nbsp;The Board as a whole administers the Board<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s risk oversight function. &nbsp;The Board regularly reviews information regarding the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s credit, liquidity, and operations, as well as the risks associated with each. &nbsp;In addition, the Board continually works, with the input of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s executive officers, to assess and analyze the most likely areas of future risk for the Company.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>Code of Ethics</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The Company has adopted a Code of Business Conduct which applies to all directors, officers, employees, and franchisees of the Company. &nbsp;The Code of Business Conduct was filed as an exhibit to the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Annual Report on Form 10-KSB for the fiscal year ended September 30, 2003. &nbsp;The Code of Business Conduct is also available on the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s website at www.goodtimesburgers.com.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>Board Committees</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The standing committees of the Board are the Audit Committee, which is currently comprised of Messrs. Reinhard and Teran (Chairman), and the Compensation Committee, which is currently comprised of Messrs. Bailey, Reinhard, and Teran (Chairman). &nbsp;As discussed under the heading <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Nominee Selection Process<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> below, there is no standing nominating committee of the Board and instead the Board as a whole acts as the nominating committee for the selection of nominees for election as directors.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>Prior to his resignation from the Board effective August 30, 2013, Neil Calvert served as chairman of the Audit Committee.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>Audit Committee</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The Audit Committee currently consists of Messrs. Reinhard and Teran (Chairman). &nbsp;The Board has determined that all of the members of the Audit Committee are <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>independent,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> as defined by the NASDAQ listing standards and by applicable SEC rules. &nbsp;In addition, the Board has determined that Mr. Teran is an audit committee financial expert, as that term is defined by the SEC rules, by virtue of having the following attributes through relevant experience: (i) an understanding of generally accepted accounting principles and financial statements; (ii) the ability to assess the general application of such </p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center>12</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px"><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>principles in connection with the accounting for estimates, accruals, and reserves; (iii) experience preparing, auditing, analyzing, or evaluating financial statements that present a breadth and level of complexity of accounting issues that are generally comparable to the breadth and complexity of issues that can reasonably be expected to be raised by the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s financial statements, or experience actively supervising one or more persons engaged in such activities; (iv) &nbsp;an understanding of internal controls and procedures for financial reporting; and (v) an understanding of audit committee functions. &nbsp;</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>Neil Calvert ceased to be a member of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Board of Directors on August 30, 2013 and a member and Chairman of the Audit Committee. &nbsp;The Board of Directors intends to name a replacement for him on the Audit Committee following the Annual Meeting. &nbsp;Prior to August 30, 2013, Mr. Calvert also served as our audit committee financial expert. &nbsp;</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The function of the Audit Committee relates to oversight of the auditors, the auditing, accounting, and financial reporting processes, and the review of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s financial reports and information. &nbsp;In addition, the functions of this Committee have included, among other things, recommending to the Board the engagement or discharge of independent auditors, discussing with the auditors their review of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s quarterly results and the results of their audit, and reviewing the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s internal accounting controls. &nbsp;The Audit Committee operates pursuant to a written Charter adopted by the Board. &nbsp;A current copy of the Audit Committee Charter is available on our website at www.goodtimesburgers.com. &nbsp;The Audit Committee held five meetings during the fiscal year ended September 30, 2012.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>Compensation Committee</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The Compensation Committee currently consists of Messrs. Bailey, Reinhard, and Teran (Chairman). &nbsp;The Board has determined that all of the members of the Compensation Committee are <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>independent,<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> as defined by the NASDAQ listing standards. &nbsp;The function of the Compensation Committee is to consider and determine all matters relating to the compensation of the President and Chief Executive Officer and other executive officers, including matters relating to the employment agreements. &nbsp;The Compensation Committee held one meeting during the fiscal year ended September 30, 2012.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The responsibility of the Compensation Committee is to review and approve the compensation and other terms of employment of our Chief Executive Officer and our other executive officers, including all of the executive officers named in the Summary Compensation Table in this Proxy Statement (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Named Executive Officers<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>). &nbsp;Among its other duties, the Compensation Committee oversees all significant aspects of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s compensation plans and benefit programs. &nbsp;The Compensation Committee annually reviews and approves corporate goals and objectives for the Chief Executive Officer<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s compensation and evaluates the Chief Executive Officer<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s performance in light of those goals and objectives. &nbsp;The Compensation Committee also recommends to the Board the compensation and benefits for members of the Board. &nbsp;The Compensation Committee has also been appointed by the Board to administer our 2008 Omnibus Equity Incentive Compensation Plan, which is the successor equity compensation plan to the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s 2001 Stock Option Plan. &nbsp;The Compensation Committee does not delegate any of its authority to other persons.</p> <p style="MARGIN-TOP:0px; PADDING-LEFT:0px; MARGIN-BOTTOM:13px" align=justify>In carrying out its duties, the Compensation Committee participates in the design and implementation and ultimately reviews and approves specific compensation programs. &nbsp;The Compensation Committee reviews and determines the base salaries for the Named Executive Officers, and also approves awards to the Named Executive Officers under the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s equity compensation plans.</p> <p style="MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=justify>In determining the amount and form of compensation for Named Executive Officers other than the Chief Executive Officer, the Compensation Committee obtains input from the Chief Executive Officer regarding the duties, responsibilities, and performance of the other executive officers and the results of performance reviews. &nbsp;The Chief Executive Officer also recommends to the Compensation Committee the base salary levels for all Named Executive Officers and the award levels for all Named Executive Officers under the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s equity compensation programs. &nbsp;No Named Executive Officer attends any executive session of the Compensation Committee or is present during final deliberations or determinations of such Named Executive Officer<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s compensation. &nbsp;The Chief Executive Officer also provides input with respect to the amount and form of compensation for the members of the Board.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The Compensation Committee has the authority to directly engage, at the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s expense, any compensation consultants or other advisers as it deems necessary to carry out its responsibilities in determining the amount and form of</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center>13</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px"><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>executive and director compensation. &nbsp;For the fiscal year ended September 30, 2012, the Compensation Committee did not use the services of a compensation consultant or other adviser. &nbsp;However, the Compensation Committee has reviewed surveys, reports, and other market data against which it has measured the competitiveness of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s compensation programs.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>In determining the amount and form of executive and director compensation, the Compensation Committee has reviewed and discussed historical salary information as well as salaries for similar positions at comparable companies.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>On August 30, 2013, our Board approved and adopted a written charter for the Compensation Committee. &nbsp;A copy of the Compensation Committee Charter is available on our website at www.goodtimesburgers.com. </p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>Communication with Directors</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The Board welcomes questions or comments about us and our operations. &nbsp;Those interested may contact the Board as a whole or any one or more specified individual directors by sending a letter to the intended recipients<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font> attention in care of Good Times Restaurants Inc., Attention: Corporate Secretary, 601 Corporate Circle, Golden, CO 80401. &nbsp;All such communications other than commercial advertisements will be forwarded to the appropriate director or directors for review.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>Director Attendance at Meetings</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>There were five meetings of the Board held during the fiscal year ended September 30, 2012. No member of the Board attended fewer than 75% of the Board meetings and applicable committee meetings for the fiscal year ended September 30, 2012.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The Company does not have a formal policy on director attendance at the annual meeting. &nbsp;Messrs. Bailey, Dobbin, Heller, Hoback and Teran attended the annual meeting of stockholders for the fiscal year ended September 30, 2011, which was held on September 14, 2012. &nbsp;Former director Neil Calvert also attended the last annual meeting. &nbsp;Mr. Reinhard did not attend the last annual meeting.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>Nominee Selection Process</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>Our Board as a whole acts as the nominating committee for the selection of nominees for election as directors. &nbsp;We do not have a separate standing nominating committee since we require that our director nominees be approved as nominees by a majority of our independent directors. &nbsp;The Board will consider suggestions by stockholders for possible future nominees for election as directors at the next annual meeting when the suggestion is delivered in writing to the corporate secretary of the Company by November 15 of the year immediately preceding the annual meeting. &nbsp;No request for a recommended nominee was made by the 2012 deadline by any stockholder or group of stockholders with beneficial ownership of more than five percent of our Common Stock as indicated in a Schedule 13D or 13G, other than those stockholders with contractual board representation or director designation rights as discussed above.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The Board selects each nominee, subject to contractual representation or designation rights held by certain stockholders, based on the nominee<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s skills, achievements, and experience, with the objective that the Board as a whole should have broad and relevant experience in high policymaking levels in business and a commitment to representing the long-term interests of the stockholders. &nbsp;The Board believes that each nominee should have experience in positions of responsibility and leadership, an understanding of our business environment, and a reputation for integrity.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The Board evaluates each potential nominee individually and in the context of the Board as a whole. &nbsp;The objective is to recommend a group that will effectively contribute to our long-term success and represent stockholder interests. &nbsp;In determining whether to recommend a director for re-election, the Board also considers the director<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s past attendance at meetings and participation in and contributions to the activities of the Board.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>When seeking candidates for director, the Board solicits suggestions from incumbent directors, management, stockholders, and others. &nbsp;The Board does not have a charter for the nominating process.</p> <p style=MARGIN:0px align=justify>The Company does not have a formal policy with regard to the consideration of diversity in identifying director nominees, but the Board strives to nominate directors with a variety of complementary skills so that, as a group, the Board will possess the appropriate talent, skills, and expertise to oversee the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s business.</p> <p style=MARGIN:0px align=center>14</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:11px"><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN-TOP:0px; MARGIN-BOTTOM:11px"><b>Directors<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font> Compensation</b></p> <p style=MARGIN:0px align=justify>Each non-employee director receives $500 for each Board of Directors meeting attended. &nbsp;Members of the Compensation and Audit Committees generally each receive $100 per meeting attended. &nbsp;However, where both Compensation and Audit Committee meetings are held at the same gathering, only $100 is paid to directors attending both committee meetings. Additionally, for the fiscal year ended September 30, 2012, each director, with the exception of Messrs. Calvert and Teran, received a non-statutory stock option to acquire 5,000 shares of Common Stock at an exercise price of $1.31 per share. &nbsp;Mr. Teran received a non-statutory stock option to acquire 2,000 shares of Common Stock at an exercise price of $2.12 per share in June 2012, when he was elected to the Board. Mr. Calvert received a non-statutory stock option to acquire 2,000 shares of Common Stock at an exercise price of $1.46 per share in September 2012, when he was elected to the Board. &nbsp;Mr. Calvert ceased to be a director of the Company effective August 30, 2013.</p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The following table sets forth compensation information for the fiscal year ended September 30, 2012 with respect to directors:</p> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=121> <td width=72> <td width=60> <td width=60> <td width=96> <td width=96> <td width=96> <td width=60 /> </tr><tr> <td width=661 height=21 colspan=8 style=MARGIN-TOP:0px> <p style=MARGIN:0px><b>Director Compensation Table for Fiscal Year Ended September 30, 2012</b></p> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=121 height=57 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=center>Name</p></td> <td width=72 height=57 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px"> <p style=MARGIN:0px align=center>Fees Earned or Paid in Cash ($)</p></td> <td width=60 height=57 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=center>Stock Awards ($)</p></td> <td width=60 height=57 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=center>Option Awards ($) <sup>1, 2</sup></p></td> <td width=96 height=57 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px"> <p style=MARGIN:0px align=center>Non-Equity Incentive Plan Compensation ($)</p></td> <td width=96 height=57 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px"> <p style=MARGIN:0px align=center>Nonqualified Deferred Compensation Earnings $</p></td> <td width=96 height=57 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=center>All Other Compensation $ </p></td> <td width=60 height=57 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=center>Total $</p></td></tr> <tr> <td width=121 height=1 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>Geoffrey R. Bailey</p></td> <td width=72 height=1 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>1,700</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>5,281</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:4px; FONT-SIZE:9pt" align=center>_</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=1 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; PADDING-RIGHT:8px" align=right>6,981</p></td></tr> <tr> <td width=121 height=1 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>David Dobbin</p></td> <td width=72 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>2,200</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>5,281</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:4px; FONT-SIZE:9pt" align=center>_</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:8px" align=right>7,481</p></td></tr> <tr> <td width=121 height=1 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>Gary Heller</p></td> <td width=72 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>2,100</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>5,281</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:4px; FONT-SIZE:9pt" align=center>_</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:8px" align=right>7,381</p></td></tr> <tr> <td width=121 height=1 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>Eric W. Reinhard </p></td> <td width=72 height=1 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>1,800</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>5,281</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:4px; FONT-SIZE:9pt" align=center>_</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:8px" align=right>7,081</p></td></tr> <tr> <td width=121 height=1 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>Keith Radford <sup>3</sup></p></td> <td width=72 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>1,000</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>5,281</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:4px; FONT-SIZE:9pt" align=center>_</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:8px" align=right>6,281</p></td></tr> <tr> <td width=121 height=1 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>Alan Teran</p></td> <td width=72 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>1,800</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>3,574</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:4px; FONT-SIZE:9pt" align=center>_</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:8px" align=right>5,374</p></td></tr> <tr> <td width=121 height=1 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>Neil Calvert <sup>4</sup></p></td> <td width=72 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>800</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=center>2,469</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:4px; FONT-SIZE:9pt" align=center>_</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:8px" align=right>3,269</p></td></tr> <tr> <td width=121 height=1 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>Boyd E. Hoback <sup>5</sup></p></td> <td width=72 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:4px; FONT-SIZE:9pt" align=center>_</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=96 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:8px" align=right>0</p></td></tr></table> <p style=MARGIN:0px><br></p> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=18> <td width=637 /> </tr><tr> <td width=18 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt"><sup>1</sup></p></td> <td width=637 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify>The value of stock option awards shown in this column includes all amounts expensed in the Company's financial statements in 2012 for equity awards in accordance with the guidance of FASB ASC 718-10-30, Compensation <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> Stock Compensation, excluding any estimate for forfeitures. &nbsp;The Company's accounting treatment for, and assumptions made in the valuation of equity awards are set forth in Note 1 of the notes to the Company's 2012 consolidated financial statements included in the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Annual Report on Form 10-K for the fiscal year ended September 30, 2012. &nbsp;There were no option awards re-priced in 2012.</p></td></tr> <tr> <td width=18 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt"><sup>&nbsp;2</sup></p></td> <td width=637 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify>As of September 30, 2012, the following directors held options to purchase the following number of shares of our Common Stock: &nbsp;Mr. Bailey 10,333 shares; Mr. Dobbin 5,667 shares; Mr. Heller 5,667 shares; Mr. Reinhard 11,167 shares; Mr. Teran 2,000 shares; Mr. Calvert 2,000; and Mr. Hoback 45,414 shares.</p></td></tr> <tr> <td width=18 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt"><sup>3</sup></p></td> <td width=637 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify>Mr. Radford resigned as a director effective as of June 30, 2012. Mr. Radford<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s options have expired and are no longer outstanding.</p></td></tr> <tr> <td width=18 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt"><sup>4</sup></p></td> <td width=637 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify>Mr. Calvert ceased to be a director effective as of August 30, 2013.</p></td></tr> <tr> <td width=18 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt"><sup>5</sup></p></td> <td width=637 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify>Mr. Hoback is an employee director and does not receive additional fees for service as a member of the Board.</p></td></tr></table> <p style=MARGIN:8px align=justify><br></p> <p style="TEXT-INDENT:96px; MARGIN:0px" align=justify><b>Section 16(a) Beneficial Ownership Reporting Compliance</b></p> <p style=MARGIN:0px align=justify><br></p> <p style="TEXT-INDENT:96px; MARGIN:0px" align=justify>Under Section 16(a) of the Securities Exchange Act of 1934, directors, executive officers and persons who own more than ten percent of our Common Stock must disclose their initial beneficial ownership of the Common Stock and any changes in that ownership in reports which must be filed with the SEC and the Company. The SEC has designated specific deadlines for these reports and the Company must identify in this proxy statement those persons who did not file these reports when due.</p> <p style=MARGIN:0px align=justify><br></p> <p style="TEXT-INDENT:96px; MARGIN:0px" align=justify>Based solely on a review of the reports filed with the Company and written representations received from reporting persons the Company believes that during the fiscal year ended September 30, 2012 all Section 16(a) filing requirements for its officers, directors, and more than ten percent shareholders were complied with on a timely basis, except that Mr. Dobbin failed to make a Section 16(a) filing with respect to recent changes within the members of his family of the ownership of SII.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=center>15</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:11px"><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center><b>CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS</b></p> <p style=MARGIN:0px>&nbsp;</p> <p style=MARGIN:0px align=justify><b><i>The Bailey Company</i></b></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify>Our corporate headquarters are located in a building owned by The Bailey Company and in which The Bailey Company also has its corporate headquarters.&nbsp;&nbsp;We currently lease approximately 3,700 square feet of space for our executive offices in Golden, Colorado for approximately $69,000 per year under a lease agreement, as amended, which expires in December 2013.</p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify>The Bailey Company was the owner of one franchised Good Times Burgers &amp; Frozen Custard restaurant located in Loveland, Colorado.&nbsp;&nbsp;The Company purchased this restaurant in August 2012 for a purchase price of approximately $100,000.&nbsp;&nbsp;The Bailey Company was also previously the owner of one franchised restaurant in Thornton, Colorado which was closed in October 2009. The Bailey Company had entered into two franchise and management agreements with us.&nbsp;&nbsp;Franchise royalties and management fees paid under those agreements totaled approximately $44,000 and $53,000 for the fiscal years ending September 30, 2012 and 2011, respectively.</p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify><b><i>Golden Bridge Loan</i></b></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify>In December 2010, the Company repaid an outstanding loan from Golden Bridge, LLC (<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Golden Bridge<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>), in the principal amount of $185,000 plus accrued interest thereon in the amount of $18,000. Directors Eric Reinhard and Alan Teran and former directors Ron Goodson, David Grissen, and Richard Stark, who are all stockholders of the Company, are the sole members of Golden Bridge, and Eric Reinhard is the sole manager of Golden Bridge.&nbsp;&nbsp;The Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s repayment of the Golden Bridge loan was duly approved in advance by our Board by the affirmative vote of members thereof who did not have an interest in the transaction.</p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify><b><i>Heathcote Financial Advisory Services Agreement</i></b></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify>On April 6, 2012, the Company entered into a financial advisory services agreement with Heathcote, pursuant to which the Company engaged Heathcote to provide exclusive financial advisory services to the Company in connection with a possible strategic transaction.&nbsp;&nbsp;Gary J. Heller, a member of our Board of Directors, is the principal of Heathcote.&nbsp;&nbsp;Accordingly, the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s agreement with Heathcote constitutes a related party transaction and was reviewed and approved by the Audit Committee of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Board of Directors.&nbsp;&nbsp;Mr. Heller did not participate in the Audit Committee<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s consideration of the agreement and abstained from the committee<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s vote to approve the agreement.&nbsp;&nbsp;Concurrently with the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s engagement of Heathcote, Mr. Heller resigned as a member of the Audit Committee and as Chairman of the Compensation Committee, though he continues to serve on our Board.</p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify>On March 25, 2013, the Company and Heathcote modified this agreement to exclude any transactions involving the Maxim Group LLC and for Heathcote to continue to provide non-exclusive financial advisory services to the Company.&nbsp;&nbsp;The Company paid a total of $70,000 in fees to Heathcote under the agreement for services provided in connection with the Bad Daddy<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Burger Bar transaction.</p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify><b><i>SII Investment Transaction</i></b></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify>On June 13, 2012, the Company entered into a Securities Purchase Agreement with SII, pursuant to which the Company agreed to issue and sell to SII, and SII agreed to purchase, 473,934 shares of newly designated Series C Convertible Preferred Stock for an aggregate purchase price of $2,000,001.48 (i.e., $4.22 per share), subject to the satisfaction of certain conditions precedent set forth in the purchase agreement.&nbsp;&nbsp;At the time the Company and SII entered into the purchase agreement, SII held 50.8% of our outstanding Common Stock.&nbsp;&nbsp;In addition, David L. Dobbin, the Chairman of our Board, is a principal of SII.&nbsp;&nbsp;Accordingly, the agreement constitutes a related party transaction and was reviewed and approved by the Audit Committee.</p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify>On September 28, 2012, we completed the sale and issuance of 355,451 shares of Series C Convertible Preferred Stock to SII for an aggregate purchase price of $1,500,000.&nbsp;&nbsp;As a result of this issuance, SII<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s beneficial ownership interest in the Company increased from 50.8% to 60.9%.&nbsp;&nbsp;We also entered into a Supplemental Agreement with SII, dated September 28, 2012, and further amended on October 16, 2012, pursuant to which we extended the time period for SII to complete its purchase of the remaining shares of Series C Convertible Preferred Stock.&nbsp;&nbsp;Pursuant to the Supplemental Agreement, as </p> <p style=MARGIN:0px align=center>16</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:11px"><br></p> <p style=MARGIN:0px><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=justify>amended, SII agreed to complete its purchase of an additional 118,483 shares of Series C Convertible Preferred Stock, for an additional aggregate purchase price of $500,000, on or before March 31, 2013, at such time as the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Board of Directors reasonably determines, with 45 days<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font> prior notice to SII, that the Company requires such funds to maintain the minimum stockholders<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font> equity required under Nasdaq Listing Rule 5550(b) for continued listing on the Nasdaq Capital Market. The Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Board of Directors determined that it will not require such funds to maintain the minimum stockholders<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font> equity requirement.&nbsp;&nbsp;As a result, SII did not complete its purchase of the additional 118,483 shares of Series C Convertible Preferred Stock.</p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify>Each share of Series C Convertible Preferred Stock is convertible at the option of the holder into two shares of Common Stock, subject to certain anti-dilution provisions.&nbsp;&nbsp;The shares of Series C Convertible Preferred Stock will accrue dividends at the rate of 8% per annum of the original issue price of $4.22 per share, with such accrued dividends payable quarterly.&nbsp;&nbsp;In the event the Series C Convertible Preferred Stock has not been converted to Common Stock within 18 months following the issuance thereof, thereafter (i) the rate of the accrued dividends shall increase to 15% per annum from the date that is 18 months after the issuance thereof until converted or redeemed by the Company, and (ii) the Company may upon the approval of a majority of the disinterested members of the Board of Directors redeem all or from time to time a portion of the Series C Convertible Preferred Stock by payment of its liquidation preference.&nbsp;&nbsp;The shares of Series C Convertible Preferred Stock also have additional voting rights, restrictions and provisions as described under the heading <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Series C Convertible Preferred Stock<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> in the section of this prospectus entitled <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Description of Securities.<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify>The June 13, 2012 Securities Purchase Agreement between the Company and SII reconfirmed and continued the director designation rights granted to SII in connection with its initial investment in the Company.&nbsp;&nbsp;Both purchase agreements provide that, for so long as SII continues to own at least 50% of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s outstanding capital stock, (i) our Board of Directors shall not consist of more than seven members, and (ii) SII shall have the right to designate four individuals for election to our Board at each annual meeting of our stockholders. &nbsp;Following the completion of our public offering of shares of Common Stock and related warrants on August 21, 2013, SII owns less than 50% of our outstanding capital stock and therefore no longer has director designation rights under the purchase agreements. &nbsp;SII has consented to the increase in the size of our Board of Directors from seven to eight members. &nbsp;</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Pursuant to the purchase agreements, SII has also agreed to vote its shares in any election of directors for one individual designated by The Bailey Group and one individual designated by Mr. Reinhard and his affiliates, in addition to SII<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s four director designees.&nbsp;&nbsp;If either The Bailey Group or Mr. Reinhard and his affiliates cease to own at least 200,000 shares of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Common Stock (as adjusted for the reverse stock split of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Common Stock effected on December 31, 2010, and may be further adjusted for any future stock splits, reverse splits, or similar capital stock transactions), then the foregoing designation rights will cease, and SII has agreed to vote its shares in any election of directors in favor of a person, other than an SII designee, who receives the majority of votes of holders of Common Stock other than SII. &nbsp;Geoffrey R. Bailey is the current director designated by The Bailey Group, and Eric W. Reinhard is the current director designated by Mr. Reinhard and his affiliates.</p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify>The June 13, 2012 Securities Purchase Agreement between the Company and SII further provides that, for so long as SII continues to hold at least 75% of the shares of Series C Convertible Preferred Stock and/or the shares of Common Stock issuable upon conversion thereof, SII will have a right of first refusal to purchase additional securities which are offered by the Company on the same terms as offered for the purpose of maintaining its percentage ownership interest in the Company.&nbsp;&nbsp;SII waived its right to purchase any of the shares of Common Stock or related warrants issued and sold in our recent public offering.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b><i>Bad Daddy<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Transaction</i></b></p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>On April 9, 2013, the Company entered into a series of agreements with Bad Daddy<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s International, LLC, a North Carolina limited liability company (<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>BDI<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>), and Bad Daddy<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Franchise Development, LLC, a North Carolina limited liability company (<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>BDFD<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>), to acquire the exclusive development rights for Bad Daddy<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Burger Bar restaurants in Colorado, additional restaurant development rights for Arizona and Kansas, and a 48% voting ownership interest in the franchisor entity, BDFD (collectively, the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Bad Daddy<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Transaction<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>). &nbsp;Each of the material agreements relating to the Bad Daddy<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Transaction is summarized in the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Current Report on Form 8-K filed on April 15, 2013.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center>17</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:11px"><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px"><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b><i>Other</i></b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>In connection with our recently completed public offering of shares of our Common Stock and related warrants, the Company and each of our officers, directors, and certain existing stockholders aggregating at least 65% of our outstanding shares, have agreed, subject to certain exceptions, not to offer, issue, sell, contract to sell, encumber, grant any option for the sale of or otherwise dispose of any shares of our Common Stock or other securities convertible into or exercisable or exchangeable for shares of our Common Stock for a period of six months after the closing date of the offering without the prior written consent of the underwriter.</p> <p style="MARGIN-TOP:6px; MARGIN-BOTTOM:6px" align=justify>The Company intends to enter into a standstill agreement with director nominee Reuven Har-Even, pursuant to which Mr. Har-Even will agree that for the period ending December 31, 2015 neither he nor any affiliate, including but not limited to P&amp;E Capital, Inc., shall acquire any shares of capital stock of the Company or participate in any transaction intended to result in a change of control of the Company without the consent to such acquisition or participation by the Board of Directors of the Company. </p> <p style="MARGIN-TOP:6px; MARGIN-BOTTOM:6px" align=center>18</p> <p style=MARGIN:8px align=justify><br></p> <p style=MARGIN:8px align=justify><br></p> <p style=MARGIN:13px align=center><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN-TOP:13px; MARGIN-BOTTOM:13px" align=center><b>AUDIT COMMITTEE REPORT</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>Management is responsible for the internal controls and financial reporting process for the Company. &nbsp;The independent accountants for the Company are responsible for performing an independent audit of the financial statements in accordance with generally accepted auditing standards and to issue a report on those financial statements. &nbsp;The Audit Committee<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s responsibility is to monitor and oversee these processes.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>In this context, the Audit Committee met with management and the independent accountants to review and discuss the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s financial statements for the fiscal year ended September 30, 2012. &nbsp;Management represented to the Audit Committee that the financial statements were prepared in accordance with generally accepted accounting principles, and the Audit Committee has reviewed and discussed the financial statements with management and the independent accountants.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The Audit Committee has discussed with the independent accountants matters required to be discussed by Statement on Auditing Standards No. 61, Communication with Audit Committees. &nbsp;The Audit Committee has also received the written disclosures and the letter from the independent accountants required by applicable requirements of the Public Company Accounting Oversight Board regarding the independent accountants<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font> communications with the Audit Committee concerning independence and the Audit Committee discussed with the independent accountants that firm<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s independence.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>Based on the Audit Committee<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s review and discussions referred to above, the Audit Committee recommended to the Board of Directors that the audited financial statements be included in the Good Times Restaurants Annual Report on Form 10-K for the fiscal year ended September 30, 2012 for filing with the SEC.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>Neil Calvert ceased to be a member of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Board of Directors on August 30, 2013 and a member and Chairman of the Audit Committee. &nbsp;The Board of Directors intends to name a replacement for him on the Audit Committee following the annual meeting of stockholders.</p> <p style="MARGIN:0px; PADDING-LEFT:288px"><u>Audit Committee</u></p> <p style="MARGIN:0px; PADDING-LEFT:288px"><i>Eric W. Reinhard</i></p> <p style="MARGIN:0px; PADDING-LEFT:288px"><i>Alan A. Teran (Chairman)</i></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:11px" align=center>19</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:11px"><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>INDEPENDENT AUDITOR INFORMATION</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The Board appointed HEIN &amp; ASSOCIATES LLP as the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s independent auditors for the fiscal year ended September 30, 2011 and the fiscal year ended September 30, 2012, and to perform other accounting services. &nbsp;Representatives of HEIN &amp; ASSOCIATES LLP are expected to be present at the annual meeting of stockholders, and will have the opportunity to make a statement if they so desire and to respond to appropriate stockholder questions.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>Audit Fees</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The aggregate fees billed for professional services rendered by HEIN &amp; ASSOCIATES LLP for its audit of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s annual financial statements for the fiscal year ended September 30, 2012, and its reviews of the financial statements included in the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Quarterly Reports on Form 10-Q for fiscal year 2012, were $76,095 compared to $71,482 in fees for the fiscal year ended September 30, 2011.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>Audit Related Fees</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>There were no aggregate fees billed by HEIN &amp; ASSOCIATES LLP for assurance and related services that are reasonably related to the performance of the audit or review of our financial statements and are not reported under <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Audit Fees<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> for the fiscal years ended September 30, 2012 and September 30, 2011.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>Tax Fees</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The aggregate fees billed by HEIN &amp; ASSOCIATES LLP for the preparation and review of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s tax returns for the fiscal year ended September 30, 2012 were $14,000 compared to $10,500 in fees for the fiscal year ended September 30, 2011.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>All Other Fees</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The aggregate fees billed to the Company for all other services rendered by HEIN &amp; ASSOCIATES LLP for the fiscal year ended September 30, 2012 were $15,270 compared to $14,030 in fees for the fiscal year ended September 30, 2011. &nbsp;These fees are primarily related to a 401(k) plan audit.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>Policy on Pre-Approval Policies of Auditor Services </b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>Under the provisions of the Audit Committee Charter, all audit services and all permitted non-audit services (unless subject to a de minimis exception allowed by law) provided by our independent auditors, as well as fees and other compensation to be paid to them, must be approved in advance by our Audit Committee. &nbsp;All audit and other services provided by HEIN &amp; ASSOCIATES LLP during the fiscal year ended September 30, 2012, and the related fees as discussed above, were approved in advance in accordance with SEC rules and the provisions of the Audit Committee Charter. &nbsp;There were no other services or products provided by HEIN &amp; ASSOCIATES LLP to us or related fees during the fiscal year ended September 30, 2012 except as discussed above.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>Auditor Independence</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The Audit Committee of our Board has considered the effect that the provision of the services described above under the caption <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>All Other Fees<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> may have on the independence of HEIN &amp; ASSOCIATES LLP. &nbsp;The Audit Committee has determined that provision of those services is compatible with maintaining the independence of HEIN &amp; ASSOCIATES LLP as the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s principal accountants.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center>20</p> <p style=MARGIN:13px align=center><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN-TOP:13px; MARGIN-BOTTOM:13px" align=center><b>OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</b></p> <p style="MARGIN-TOP:13px; MARGIN-BOTTOM:13px" align=justify>The following table shows the beneficial ownership of shares of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Common Stock as of August 27, 2013 by each person known by the Company to be the beneficial owner of more than five percent of the shares of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Common Stock, each director and each executive officer named in the Summary Compensation Table, and all directors and executive officers as a group. &nbsp;The address for the principal stockholders and the directors and officers is 601 Corporate Circle, Golden, CO 80401.</p> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=432> <td width=138> <td width=90 /> </tr><tr> <td width=432 height=9 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><b>Holder</b></p></td> <td width=138 height=9 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:0px" align=center><b>Number of shares</b></p></td> <td width=90 height=9 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:1px; PADDING-RIGHT:0px" align=center><b>Percent of</b></p></td></tr> <tr> <td width=432 height=19 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><b><u>Principal stockholders:</u></b></p></td> <td width=138 height=19 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:0px" align=center><b><u>beneficially owned</u>**</b></p></td> <td width=90 height=19 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:1px; PADDING-RIGHT:0px" align=center><b><u>class</u></b><sup>1</sup></p></td></tr> <tr> <td width=432 height=19 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>Small Island Investments Ltd.</p></td> <td width=138 height=19 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:36px" align=right>2,094,236<sup>2</sup></p></td> <td width=90 height=19 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; PADDING-RIGHT:18px" align=right>37.15%</p></td></tr> <tr> <td width=432 height=19 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>The Bailey Co.</p></td> <td width=138 height=19 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:36px" align=right>273,837<sup>3</sup></p></td> <td width=90 height=19 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; PADDING-RIGHT:18px" align=right>5.56%</p></td></tr> <tr> <td width=432 height=19 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>The Erie Co. Investment Co.</p></td> <td width=138 height=19 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:36px" align=right>338,730<sup>3</sup></p></td> <td width=90 height=19 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; PADDING-RIGHT:18px" align=right>6.88%</p></td></tr> <tr> <td width=432 height=19 style=MARGIN-TOP:0px valign=top> <p style="MARGIN-TOP:6px; MARGIN-BOTTOM:0px"><b><u>Directors and Officers:</u></b></p></td> <td width=138 height=19 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN-TOP:8px; MARGIN-BOTTOM:0px" align=right><br></p></td> <td width=90 height=19 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN-TOP:8px; MARGIN-BOTTOM:0px" align=right><br></p></td></tr> <tr> <td width=432 height=19 style=MARGIN-TOP:0px> <p style=MARGIN:0px>Geoffrey R. Bailey-Director</p></td> <td width=138 height=19 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:30px" align=right>16,766<sup>4</sup></p></td> <td width=90 height=19 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:18px" align=right>*</p></td></tr> <tr> <td width=432 height=19 style=MARGIN-TOP:0px> <p style=MARGIN:0px>David L. Dobbin-Director</p></td> <td width=138 height=19 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:30px" align=right>2,101,903<sup>5</sup></p></td> <td width=90 height=19 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:18px" align=right>37.24%</p></td></tr> <tr> <td width=432 height=19 style=MARGIN-TOP:0px> <p style=MARGIN:0px>Gary J. Heller-Director</p></td> <td width=138 height=19 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:30px" align=right>7,667<sup>6</sup></p></td> <td width=90 height=19 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:18px" align=right>*</p></td></tr> <tr> <td width=432 height=19 style=MARGIN-TOP:0px> <p style=MARGIN:0px>Boyd E. Hoback-Director/Officer</p></td> <td width=138 height=19 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:30px" align=right>53,964<sup>7</sup></p></td> <td width=90 height=19 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:18px" align=right>1.07%</p></td></tr> <tr> <td width=432 height=19 style=MARGIN-TOP:0px> <p style=MARGIN:0px>Susan M. Knutson-Officer</p></td> <td width=138 height=19 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:30px" align=right>6,847<sup>8</sup></p></td> <td width=90 height=19 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:18px" align=right>*</p></td></tr> <tr> <td width=432 height=19 style=MARGIN-TOP:0px> <p style=MARGIN:0px>Scott G. LeFever-Officer</p></td> <td width=138 height=19 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:30px" align=right>12,279<sup>9</sup></p></td> <td width=90 height=19 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:18px" align=right>*</p></td></tr> <tr> <td width=432 height=19 style=MARGIN-TOP:0px> <p style=MARGIN:0px>Alan A. Teran -Director</p></td> <td width=138 height=19 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:30px" align=right>31,235<sup>10</sup></p></td> <td width=90 height=19 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:18px" align=right>1.14%</p></td></tr> <tr> <td width=432 height=9 style=MARGIN-TOP:0px> <p style=MARGIN:0px>Eric Reinhard-Director</p></td> <td width=138 height=9 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:30px" align=right>99,034<sup>11</sup></p></td> <td width=90 height=9 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:18px" align=right>2.00%</p></td></tr> <tr> <td width=432 height=19 style=MARGIN-TOP:0px> <p style=MARGIN:0px>Neil Calvert-Former Director</p></td> <td width=138 height=19 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:30px" align=right>4,000<sup>12</sup></p></td> <td width=90 height=19 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:18px" align=right>*</p></td></tr> <tr> <td width=432 height=19 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>All directors and executive officers as a group</p> <p style=MARGIN:0px>(9 persons including all those named above)</p></td> <td width=138 height=19 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:30px" align=right>2,333,695<sup>13</sup></p></td> <td width=90 height=19 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; PADDING-RIGHT:22px" align=right>39.84%</p></td></tr></table> <p style=MARGIN:0px><br></p> <table width=100% bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=13> <td /> </tr><tr> <td width=13 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:7pt" align=center>1</p></td> <td style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px>Based on 4,926,214 shares of Common Stock outstanding as of August 27, 2013.</p></td></tr> <tr> <td width=13 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:7pt" align=center>2</p></td> <td style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px" align=justify>SII is owned and controlled by director David L. Dobbin and members of his family.&nbsp;&nbsp;Includes 710,902 shares of Common Stock which may be issued upon conversion of outstanding shares of Series C Convertible Preferred Stock.</p></td></tr> <tr> <td width=13 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:7pt" align=center>3</p></td> <td style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px" align=justify>The Bailey Company is 99% owned by The Erie County Investment Co., which should be deemed the beneficial owner of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Common Stock held by The Bailey Company.&nbsp;&nbsp;The Erie County Investment Co. also owns 64,893 shares of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Common Stock in its own name.&nbsp;&nbsp;Geoffrey R. Bailey is a director and executive officer of The Erie County Investment Co.&nbsp;&nbsp;Because of his ownership of only 26% of the voting shares of The Erie County Investment Co., Paul T. Bailey disclaims beneficial ownership of the shares of Common Stock held by The Bailey Company and The Erie County Investment Co.</p></td></tr> <tr> <td width=13 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:7pt" align=center>4</p></td> <td style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px" align=justify>Includes 12,333 shares underlying presently exercisable stock options.</p></td></tr> <tr> <td width=13 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:7pt" align=center>5</p></td> <td style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px" align=justify>Includes shares of Common Stock held beneficially by SII.&nbsp;&nbsp;Also includes 7,667 shares underlying presently exercisable stock options held by Mr. Dobbin.</p></td></tr> <tr> <td width=13 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:7pt" align=center>6</p></td> <td style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px" align=justify>Includes 7,667 shares underlying presently exercisable stock options.</p></td></tr> <tr> <td width=13 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:7pt" align=center>7</p></td> <td style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px" align=justify>Includes 28,967 shares underlying presently exercisable stock options and 6,000 shares underlying presently exercisable warrants.</p></td></tr> <tr> <td width=13 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:7pt" align=center>8</p></td> <td style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px" align=justify>Includes 6,847 shares underlying presently exercisable stock options.</p></td></tr> <tr> <td width=13 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:7pt" align=center>9</p></td> <td style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px" align=justify>Includes 12,279 shares underlying presently exercisable stock options.</p></td></tr> <tr> <td width=13 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:7pt" align=center>10</p></td> <td style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px" align=justify>Includes 4,000 shares underlying presently exercisable stock options.</p></td></tr> <tr> <td width=13 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:7pt" align=center>11</p></td> <td style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px" align=justify>Includes 13,167 shares underlying presently exercisable stock options.</p></td></tr> <tr> <td width=13 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:7pt" align=center>12</p></td> <td style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px" align=justify>Includes 4,000 shares underlying presently exercisable stock options. &nbsp;Mr. Calvert ceased to be a director of the Company effective August 30, 2013.</p></td></tr> <tr> <td width=13 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:7pt" align=center>13</p></td> <td style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px" align=justify>Does not include shares of Common Stock held beneficially by The Bailey Company and The Erie County Investment Co. &nbsp;If those shares were included, the number of shares of Common Stock beneficially held by all directors and executive officers as a group would be 2,672,425 and the percentage of the class would be 45.62%.</p></td></tr> <tr> <td width=13 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>*</p></td> <td style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px" align=justify>Less than one percent.</p></td></tr> <tr> <td width=13 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=center>**</p></td> <td style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px">Under SEC rules, beneficial ownership includes shares over which the individual or entity has voting or investment power and any shares which the individual or entity has the right to acquire within sixty days.</p></td></tr></table> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px" align=center>21</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px" align=center><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN-TOP:0px; MARGIN-BOTTOM:6px" align=center><b>EXECUTIVE COMPENSATION</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px"><b>Executive Officers</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px">The executive officers of the Company are as follows:</p> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=144> <td width=120> <td width=138> <td width=222 /> </tr><tr> <td width=144 height=15 style=MARGIN-TOP:0px valign=top> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px"><b><u>Name</u></b></p></td> <td width=120 height=15 style=MARGIN-TOP:0px valign=top> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px" align=center><b><u>Age</u></b></p></td> <td width=138 height=15 style=MARGIN-TOP:0px valign=top> <p style="MARGIN-TOP:0px; PADDING-LEFT:4px; MARGIN-BOTTOM:6px"><b><u>Position</u></b></p></td> <td width=222 height=15 style=MARGIN-TOP:0px valign=top> <p style="MARGIN-TOP:0px; PADDING-RIGHT:4px; MARGIN-BOTTOM:6px" align=center><b><u>Date Began With Company</u></b></p></td></tr> <tr> <td width=144 height=15 style=MARGIN-TOP:0px valign=top> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px">Boyd E. Hoback</p></td> <td width=120 height=15 style=MARGIN-TOP:0px valign=top> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px" align=center>58</p></td> <td width=138 height=15 style=MARGIN-TOP:0px valign=top> <p style="MARGIN-TOP:0px; PADDING-LEFT:3px; MARGIN-BOTTOM:6px">President &amp; CEO</p></td> <td width=222 height=15 style=MARGIN-TOP:0px valign=top> <p style="MARGIN-TOP:0px; PADDING-LEFT:58px; PADDING-RIGHT:16px; MARGIN-BOTTOM:6px">September 1987</p></td></tr> <tr> <td width=144 height=15 style=MARGIN-TOP:0px valign=top> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px">Susan M. Knutson</p></td> <td width=120 height=15 style=MARGIN-TOP:0px valign=top> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px" align=center>54</p></td> <td width=138 height=15 style=MARGIN-TOP:0px valign=top> <p style="MARGIN-TOP:0px; PADDING-LEFT:3px; MARGIN-BOTTOM:6px">Controller</p></td> <td width=222 height=15 style=MARGIN-TOP:0px valign=top> <p style="MARGIN-TOP:0px; PADDING-LEFT:58px; PADDING-RIGHT:16px; MARGIN-BOTTOM:6px">September 1987</p></td></tr> <tr> <td width=144 height=15 style=MARGIN-TOP:0px valign=top> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px">Scott G. LeFever</p></td> <td width=120 height=15 style=MARGIN-TOP:0px valign=top> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px" align=center>55</p></td> <td width=138 height=15 style=MARGIN-TOP:0px valign=top> <p style="MARGIN-TOP:0px; PADDING-LEFT:3px; MARGIN-BOTTOM:6px">VP of Operations</p></td> <td width=222 height=15 style=MARGIN-TOP:0px valign=top> <p style="MARGIN-TOP:0px; PADDING-LEFT:58px; PADDING-RIGHT:16px; MARGIN-BOTTOM:6px">September 1987</p></td></tr></table> <p style="MARGIN-TOP:6px; MARGIN-BOTTOM:13px" align=justify><i>Boyd E. Hoback.</i> &nbsp;See the description of Mr. Hoback<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s business experience under the heading <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Director Nominees<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> under <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Proposal #1 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> Election of Directors<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> above.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><i>Susan M. Knutson </i>has been Controller since 1993 with direct responsibility for overseeing the accounting department, maintaining cash controls, producing budgets, financials, and quarterly and annual reports required to be filed with the SEC, acting as the principal financial officer of the Company, and preparing all information for the annual audit.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><i>Scott G. LeFever</i> has been Vice President of Operations since August 1995, and has been involved in all phases of operations with direct responsibility for restaurant service performance, personnel, and cost controls.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>Executive officers do not have fixed terms and serve at the discretion of the Board. &nbsp;There are no family relationships among the executive officers or directors.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>Executive Compensation</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The following table sets forth compensation information for the fiscal years ended September 30, 2012 and September 30, 2011 with respect to the Named Executive Officers:</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px" align=justify><b>Summary Compensation Table for the Fiscal Years Ended September 30, 2012 and September 30, 2011:</b></p></div> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=30> <td width=84> <td width=42> <td width=54> <td width=42> <td width=48> <td width=66> <td width=90> <td width=84> <td width=84> <td width=54 /> </tr><tr> <td width=114 height=48 colspan=2 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><b>Name</b></p> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><b>and</b></p> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><b>Principal Position</b></p></td> <td width=42 height=48 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><b>Year</b></p></td> <td width=54 height=48 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><b>Salary $</b></p></td> <td width=42 height=48 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><b>Bonus $</b></p></td> <td width=48 height=48 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><b>Stock Awards $</b></p></td> <td width=66 height=48 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><b>Option Awards $<sup>3</sup></b></p></td> <td width=90 height=48 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><b>Non-Equity Incentive Plan Compensation $</b></p></td> <td width=84 height=48 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><b>Nonqualified Deferred Compensation Earnings $</b></p></td> <td width=84 height=48 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><b>All Other Compensation $</b></p></td> <td width=54 height=48 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><b>Total $</b></p></td></tr> <tr> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><br></p></td> <td width=42 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><br></p></td> <td width=54 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><br></p></td> <td width=42 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><br></p></td> <td width=66 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><br></p></td> <td width=90 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><br></p></td> <td width=84 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><br></p></td> <td width=84 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><br></p></td> <td width=54 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><br></p></td></tr> <tr> <td width=114 height=1 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:6px; FONT-SIZE:9pt">Boyd E. Hoback</p></td> <td width=42 height=1 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>2012</p></td> <td width=54 height=1 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>147,000</p></td> <td width=42 height=1 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=48 height=1 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=66 height=1 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:4px; FONT-SIZE:9pt" align=center>12,410</p></td> <td width=90 height=1 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=84 height=1 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=84 height=1 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:22px; FONT-SIZE:9pt" align=right>18,063<sup>1</sup></p></td> <td width=54 height=1 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>177,473</p></td></tr> <tr> <td width=114 height=1 colspan=2 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; PADDING-LEFT:6px; FONT-SIZE:9pt">President &amp; Chief Executive Officer</p></td> <td width=42 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>2011</p></td> <td width=54 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>133,000</p></td> <td width=42 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=48 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=66 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; PADDING-RIGHT:4px; FONT-SIZE:9pt" align=center>17,816</p></td> <td width=90 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=84 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=84 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; PADDING-RIGHT:22px; FONT-SIZE:9pt" align=right>16,961<sup>1</sup></p></td> <td width=54 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>167,777</p></td></tr> <tr> <td width=114 height=1 colspan=2 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-LEFT:6px; FONT-SIZE:9pt">Scott G. LeFever</p></td> <td width=42 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>2012</p></td> <td width=54 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>87,542</p></td> <td width=42 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=48 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=66 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:4px; FONT-SIZE:9pt" align=center>4,309</p></td> <td width=90 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=84 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=84 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:22px; FONT-SIZE:9pt" align=right>12,435<sup>2</sup></p></td> <td width=54 height=1 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>104,286</p></td></tr> <tr> <td width=114 height=1 colspan=2 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; PADDING-LEFT:6px; FONT-SIZE:9pt">Vice President of Operations</p></td> <td width=42 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>2011</p></td> <td width=54 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>75,000</p></td> <td width=42 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=48 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=66 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; PADDING-RIGHT:4px; FONT-SIZE:9pt" align=center>9,565</p></td> <td width=90 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=84 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=84 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; PADDING-RIGHT:22px; FONT-SIZE:9pt" align=right>12,470<sup>2</sup></p></td> <td width=54 height=1 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>97,035</p></td></tr> <tr> <td width=30 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt"><sup>1</sup></p></td> <td width=648 colspan=10 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify>The amount indicated for Mr. Hoback includes an automobile allowance, long-term disability and personal expenses.</p></td></tr> <tr> <td width=30 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt"><sup>2</sup></p></td> <td width=648 colspan=10 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify>The amount indicated for Mr. LeFever includes an automobile allowance and long-term disability.</p></td></tr> <tr> <td width=30 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt"><sup>3</sup></p></td> <td width=648 colspan=10 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=justify>The value of stock option awards shown in this column includes all amounts expensed in the Company's financial statements in 2011 and 2012 for equity awards in accordance with the guidance of FASB ASC 718-10-30, Compensation <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> Stock Compensation, excluding any estimate for forfeitures. &nbsp;The Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s accounting treatment for, and assumptions made in the valuations of, equity awards is set forth in Note 1 of the notes to the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s 2012 consolidated financial statements included in the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Annual Report on Form 10-K for the fiscal year ended September 30, 2012. &nbsp;There were no option awards re-priced in 2012.</p></td></tr></table> <div style=WIDTH:662px> <p style="MARGIN-TOP:6px; PADDING-LEFT:12px; MARGIN-BOTTOM:6px; FONT-SIZE:9pt" align=justify>There were no shares of SARs granted during 2012 or 2011 nor has there been any nonqualified deferred compensation paid to any named executive officers during 2012 or 2011. &nbsp;The Company does not have any plans that provide for specified retirement payments and benefits at, following or in connection with retirement.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px" align=center>22</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:8px"><br></p></div> <div align=justify> <div style=WIDTH:902px> <p style=MARGIN:0px align=left><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px" align=left><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px" align=left><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=left><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px" align=left>The following table sets forth information as of September 30, 2012 on all unexercised options previously awarded to the Named Executive Officers:</p></div></div> <table bordercolor=transparent style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=127> <td width=90> <td width=102> <td width=88> <td width=60> <td width=45> <td width=15> <td width=10> <td width=72> <td width=78> <td width=108> <td width=144> <td width=24 /> </tr><tr> <td width=942 height=19 colspan=12 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-LEFT:10px; FONT-SIZE:9pt"><b>Outstanding Equity Awards at Fiscal Year-End </b></p></td> <td width=23 height=19 colspan=12 style=MARGIN-TOP:0px> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:9pt; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td width=513 height=19 colspan=6 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><b>Option Awards</b></p></td> <td width=15 height=19 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px><br></p></td> <td width=412 height=19 colspan=5 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center><b>Stock Awards</b></p></td> <td width=23 height=19 colspan=5 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:9pt; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td width=127 height=113 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>Name</p></td> <td width=90 height=113 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>Number of Securities Underlying Unexercised Options -Exercisable (#)</p></td> <td width=102 height=113 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>Number of Securities Underlying Unexercised Options -Unexercisable (#)</p></td> <td width=88 height=113 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#)</p></td> <td width=60 height=113 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>Option Exercise Price $</p></td> <td width=72 height=113 colspan=3 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>Option Expiration Date</p></td> <td width=72 height=113 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>Number of Shares or Units of Stock That Have Not Vested (#)</p></td> <td width=78 height=113 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>Market Value of Shares or Units of Stock That Have Not Vested ($)</p></td> <td width=108 height=113 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)</p></td> <td width=144 height=113 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=bottom> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)</p></td> <td width=24 height=113 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=bottom> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:9pt; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td width=127 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:16px; FONT-SIZE:9pt">&nbsp;Boyd E. Hoback</p></td> <td width=90 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=right>1,250</p></td> <td width=102 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=88 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>$8.10</p></td> <td width=72 height=17 colspan=3 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>10/01/12</p></td> <td width=72 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:2px; FONT-SIZE:9pt" align=center>_</p></td> <td width=78 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px; FONT-SIZE:9pt" align=center>_</p></td> <td width=108 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:10px; FONT-SIZE:9pt" align=center>_</p></td> <td width=168 height=17 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; FONT-SIZE:9pt" align=center>_</p></td></tr> <tr> <td width=127 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:16px; FONT-SIZE:9pt">&nbsp;</p></td> <td width=90 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=right>1,300</p></td> <td width=102 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=88 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>$10.80</p></td> <td width=72 height=17 colspan=3 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>10/01/13</p></td> <td width=72 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:2px; FONT-SIZE:9pt" align=center>_</p></td> <td width=78 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px; FONT-SIZE:9pt" align=center>_</p></td> <td width=108 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:10px; FONT-SIZE:9pt" align=center>_</p></td> <td width=168 height=17 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; FONT-SIZE:9pt" align=center>_</p></td></tr> <tr> <td width=127 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:16px; FONT-SIZE:9pt">&nbsp;</p></td> <td width=90 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=right>4,000</p></td> <td width=102 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=88 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>$9.33</p></td> <td width=72 height=17 colspan=3 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>10/01/14</p></td> <td width=72 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:2px; FONT-SIZE:9pt" align=center>_</p></td> <td width=78 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px; FONT-SIZE:9pt" align=center>_</p></td> <td width=108 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:10px; FONT-SIZE:9pt" align=center>_</p></td> <td width=168 height=17 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; FONT-SIZE:9pt" align=center>_</p></td></tr> <tr> <td width=127 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:16px; FONT-SIZE:9pt">&nbsp;</p></td> <td width=90 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=right>2,833</p></td> <td width=102 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=88 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>$17.04</p></td> <td width=72 height=17 colspan=3 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>10/01/15</p></td> <td width=72 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:2px; FONT-SIZE:9pt" align=center>_</p></td> <td width=78 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px; FONT-SIZE:9pt" align=center>_</p></td> <td width=108 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:10px; FONT-SIZE:9pt" align=center>_</p></td> <td width=168 height=17 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; FONT-SIZE:9pt" align=center>_</p></td></tr> <tr> <td width=127 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:16px; FONT-SIZE:9pt">&nbsp;</p></td> <td width=90 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=right>6,333</p></td> <td width=102 height=17 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=right><br></p></td> <td width=88 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>$19.14</p></td> <td width=72 height=17 colspan=3 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>11/17/16</p></td> <td width=72 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:2px; FONT-SIZE:9pt" align=center>_</p></td> <td width=78 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px; FONT-SIZE:9pt" align=center>_</p></td> <td width=108 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:10px; FONT-SIZE:9pt" align=center>_</p></td> <td width=168 height=17 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; FONT-SIZE:9pt" align=center>_</p></td></tr> <tr> <td width=127 height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><br></p></td> <td width=90 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=right>9,501</p></td> <td width=102 height=17 style=MARGIN-TOP:0px> <p style=MARGIN:0px align=right><br></p></td> <td width=88 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>$4.41</p></td> <td width=72 height=17 colspan=3 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>11/14/18</p></td> <td width=72 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:2px; FONT-SIZE:9pt" align=center>_</p></td> <td width=78 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px; FONT-SIZE:9pt" align=center>_</p></td> <td width=108 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:10px; FONT-SIZE:9pt" align=center>_</p></td> <td width=168 height=17 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; FONT-SIZE:9pt" align=center>_</p></td></tr> <tr> <td width=127 height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><br></p></td> <td width=90 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=right>0</p></td> <td width=102 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=right>4,551 <sup>(1)</sup></p></td> <td width=88 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>$3.45</p></td> <td width=72 height=17 colspan=3 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>11/06/19</p></td> <td width=72 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:2px; FONT-SIZE:9pt" align=center>_</p></td> <td width=78 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px; FONT-SIZE:9pt" align=center>_</p></td> <td width=108 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:10px; FONT-SIZE:9pt" align=center>_</p></td> <td width=168 height=17 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; FONT-SIZE:9pt" align=center>_</p></td></tr> <tr> <td width=127 height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><br></p></td> <td width=90 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=right>0</p></td> <td width=102 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=right>10,647 <sup>(2)</sup></p></td> <td width=88 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>$1.56</p></td> <td width=72 height=17 colspan=3 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>12/13/20</p></td> <td width=72 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:2px; FONT-SIZE:9pt" align=center>_</p></td> <td width=78 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px; FONT-SIZE:9pt" align=center>_</p></td> <td width=108 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:10px; FONT-SIZE:9pt" align=center>_</p></td> <td width=168 height=17 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; FONT-SIZE:9pt" align=center>_</p></td></tr> <tr> <td width=127 height=17 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px><br></p></td> <td width=90 height=17 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=right>5,000</p></td> <td width=102 height=17 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style=MARGIN:0px align=right><br></p></td> <td width=88 height=17 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=17 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>$1.31</p></td> <td width=72 height=17 colspan=3 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>12/14/21</p></td> <td width=72 height=17 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:2px; FONT-SIZE:9pt" align=center>_</p></td> <td width=78 height=17 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px; FONT-SIZE:9pt" align=center>_</p></td> <td width=108 height=17 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:10px; FONT-SIZE:9pt" align=center>_</p></td> <td width=168 height=17 colspan=2 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-LEFT:4px; PADDING-RIGHT:4px; FONT-SIZE:9pt" align=center>_</p></td></tr> <tr> <td width=127 height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; PADDING-LEFT:16px; FONT-SIZE:9pt">Scott G. LeFever</p></td> <td width=90 height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=right>420</p></td> <td width=102 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:14px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=center>_</p></td> <td width=88 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>$8.10</p></td> <td width=72 height=17 colspan=3 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>10/01/12</p></td> <td width=72 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=78 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px; FONT-SIZE:9pt" align=center>_</p></td> <td width=108 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:10px; FONT-SIZE:9pt" align=center>_</p></td> <td width=168 height=17 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td></tr> <tr> <td width=127 height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><br></p></td> <td width=90 height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=right>860</p></td> <td width=102 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:14px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=center>_</p></td> <td width=88 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>$10.80</p></td> <td width=72 height=17 colspan=3 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>10/01/13</p></td> <td width=72 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=78 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px; FONT-SIZE:9pt" align=center>_</p></td> <td width=108 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:10px; FONT-SIZE:9pt" align=center>_</p></td> <td width=168 height=17 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td></tr> <tr> <td width=127 height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; PADDING-LEFT:16px; FONT-SIZE:9pt">&nbsp;</p></td> <td width=90 height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=right>1,917</p></td> <td width=102 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:14px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=center>_</p></td> <td width=88 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>$9.33</p></td> <td width=72 height=17 colspan=3 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>10/01/14</p></td> <td width=72 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=78 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px; FONT-SIZE:9pt" align=center>_</p></td> <td width=108 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:10px; FONT-SIZE:9pt" align=center>_</p></td> <td width=168 height=17 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td></tr> <tr> <td width=127 height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; PADDING-LEFT:16px; FONT-SIZE:9pt">&nbsp;</p></td> <td width=90 height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=right>1,917</p></td> <td width=102 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-LEFT:14px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=center>_</p></td> <td width=88 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>$17.04</p></td> <td width=72 height=17 colspan=3 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>10/01/15</p></td> <td width=72 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=78 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px; FONT-SIZE:9pt" align=center>_</p></td> <td width=108 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:10px; FONT-SIZE:9pt" align=center>_</p></td> <td width=168 height=17 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td></tr> <tr> <td width=127 height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; PADDING-LEFT:16px; FONT-SIZE:9pt">&nbsp;</p></td> <td width=90 height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=right>1,917</p></td> <td width=102 height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><br></p></td> <td width=88 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>$19.14</p></td> <td width=72 height=17 colspan=3 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>11/17/16</p></td> <td width=72 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=78 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px; FONT-SIZE:9pt" align=center>_</p></td> <td width=108 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:10px; FONT-SIZE:9pt" align=center>_</p></td> <td width=168 height=17 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td></tr> <tr> <td width=127 height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; PADDING-LEFT:16px; FONT-SIZE:9pt">&nbsp;</p></td> <td width=90 height=17 style=MARGIN-TOP:0px valign=bottom> <p style="MARGIN:0px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=right>5,669</p></td> <td width=102 height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right><br></p></td> <td width=88 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>$4.41</p></td> <td width=72 height=17 colspan=3 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>11/14/18</p></td> <td width=72 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=78 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px; FONT-SIZE:9pt" align=center>_</p></td> <td width=108 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:10px; FONT-SIZE:9pt" align=center>_</p></td> <td width=168 height=17 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td></tr> <tr> <td width=127 height=17 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><br></p></td> <td width=90 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=right>0</p></td> <td width=102 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=right>1,449 <sup>(1)</sup></p></td> <td width=88 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=17 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>$3.45</p></td> <td width=72 height=17 colspan=3 style=MARGIN-TOP:0px> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>11/06/19</p></td> <td width=72 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=78 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px; FONT-SIZE:9pt" align=center>_</p></td> <td width=108 height=17 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; PADDING-RIGHT:10px; FONT-SIZE:9pt" align=center>_</p></td> <td width=168 height=17 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td></tr> <tr> <td width=127 height=17 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px><br></p></td> <td width=90 height=17 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=right>0</p></td> <td width=102 height=17 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; PADDING-RIGHT:18px; FONT-SIZE:9pt" align=right>7,985 <sup>(2)</sup></p></td> <td width=88 height=17 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=60 height=17 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; FONT-SIZE:9pt" align=right>$1.56</p></td> <td width=72 height=17 colspan=3 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px"> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>12/13/20</p></td> <td width=72 height=17 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td> <td width=78 height=17 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:8px; FONT-SIZE:9pt" align=center>_</p></td> <td width=108 height=17 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; PADDING-RIGHT:10px; FONT-SIZE:9pt" align=center>_</p></td> <td width=168 height=17 colspan=2 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>_</p></td></tr></table> <div style=WIDTH:902px> <p style=MARGIN:0px><br></p></div> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=19> <td width=924 /> </tr><tr> <td width=19 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt"><sup>1</sup></p></td> <td width=924 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt">The options were granted on November 6, 2009. the shares under the option agreements will become fully exercisable on November 6, 2012, following the end of the 2012 fiscal year.</p></td></tr> <tr> <td width=19 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt"><sup>2</sup></p></td> <td width=924 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:9pt">The options were granted on December 13, 2010. Assuming continued employment with the Company, the shares under the option agreements will become fully exercisable on December 6, 2013.</p></td></tr></table> <div style=WIDTH:902px> <p style="MARGIN:0px; FONT-SIZE:9pt">(The numbers of options and the exercise prices shown in this table have been adjusted to effect the one for three reverse stock split that occurred on December 31, 2010.)</p> <p style=MARGIN:0px><br></p> <p style="MARGIN:0px; FONT-SIZE:9pt" align=center>23</p> <p style=MARGIN:0px><br></p></div> <div style=WIDTH:662px> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=justify><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px" align=justify><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=justify><br></p> <p style=MARGIN:0px align=justify><b>Employment Agreement</b></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify>Mr. Hoback entered into an employment agreement with us in October 2001 and the terms of the agreement were revised effective October 2007 for compliance with Section 409A of the Internal Revenue Code.&nbsp;&nbsp;The revised agreement provides for his employment as president and chief executive officer for two years from the date of the agreement at a minimum salary of $190,000 per year, terminable by us only for cause.&nbsp;&nbsp;The agreement provides for payment of one year<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s salary and benefits in the event that change of ownership control results in a termination of his employment or termination other than for cause.&nbsp;&nbsp;This agreement renews automatically unless specifically not renewed by our Board of Directors.&nbsp;&nbsp;Mr. Hoback<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s compensation, including salary, expense allowance, bonus and any equity award, is reviewed and set annually by the Compensation Committee.&nbsp;&nbsp;Mr. Hoback<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s bonus, when applicable, is based on the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s achieving certain Earnings Before Interest, Taxes, Depreciation and Amortization (<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>EBITDA<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) targets for the year.</p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify>As a condition to the closing of the initial SII investment transaction, Mr. Hoback agreed to waive certain rights under the employment agreement which would otherwise have accrued to him as a result of the change in ownership control of the Company as a result of the SII transaction, including his right to terminate his employment within one year of the change in control and trigger the severance payment described above and his right to accelerate the vesting of stock options upon the change in control.&nbsp;&nbsp;The waiver does not apply to any subsequent change of control of the Company.</p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify><b>Other Employment Arrangements</b></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify>Mr. LeFever is employed as an <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>employee at will<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> and does not have a written employment agreement.&nbsp;&nbsp;His compensation, including salary, expense allowance, bonus and any equity awards, is reviewed and approved by the Compensation Committee annually.&nbsp;&nbsp;He participates in a bonus program that is based on both the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s level of EBITDA for the year and achieving certain operating metrics and sales targets set by the Compensation Committee.</p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify><b>Heathcote Agreement</b></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify>On April 6, 2012, the Company entered into a financial advisory services agreement with Heathcote, pursuant to which the Company engaged Heathcote to provide exclusive financial advisory services to the Company in connection with a possible strategic transaction.&nbsp;&nbsp;Gary J. Heller, a member of our Board of Directors, is the principal of Heathcote.&nbsp;&nbsp;On March 25, 2013, the Company and Heathcote modified this agreement to exclude any transactions involving the Maxim Group LLC and for Heathcote to continue to provide non-exclusive financial advisory services to the Company.&nbsp;&nbsp;The Company paid a total of $70,000 in fees to Heathcote under the agreement&nbsp;in connection with services provided in connection with the Bad Daddy<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Transaction.</p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify><b>BDFD Compensation Arrangements</b></p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify>The Amended and Restated Operating Agreement of BDFD (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>BDFD Operating Agreement<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) provides that BDFD may issue Class B Units which are intended to be issued as <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>profits interests<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> in BDFD.&nbsp;&nbsp;The Board of Managers of BDFD has authority to issue up to such number of Class B Units as is equal to an aggregate of 15% of the outstanding units of BDFD owned by all members.&nbsp;&nbsp;In addition to the provisions of the Operating Agreement, all Class B Units are subject to the terms and conditions of a grant agreement governing the terms of such Units. Initial grants of 5% each have been made to Boyd Hoback and Scott Somes pursuant to Class B Unit Grant Agreements between BDFD and such individuals dated April 9, 2013.&nbsp;&nbsp;The Class B Units are fully earned but subject to forfeiture, in all or in part, during the first 36 months after the grant date.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center>24</p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:16px" align=justify><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px"><br></p> <p style="MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=center><b>PROPOSAL #2 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> ADVISORY VOTE ON THE COMPENSATION OF THE COMPANY<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>S NAMED EXECUTIVE OFFICERS</b></p> <p style=MARGIN:0px align=justify>The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Dodd-Frank Act<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>) enables the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s stockholders to vote on an advisory (non-binding) basis regarding the compensation of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s named executive officers as disclosed in this Proxy Statement in accordance with the rules promulgated by the Securities and Exchange Commission (<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>SEC<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>). &nbsp;Accordingly, we are providing a vote on the resolution set forth below as required by the Dodd-Frank Act and Section 14A of the Securities Exchange Act of 1934, as amended.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The principal objectives of our executive compensation programs are to attract, retain, and motivate talented executives, reward strong business results and performance, and align the executive<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s interests with stockholder interests. </p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>We believe that the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s executive compensation programs have been effective in incenting the achievement of our positive results. We are asking our stockholders to indicate their support for our named executive officers<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font> compensation as described in this Proxy Statement. This proposal, commonly known as a <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>say on pay<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> proposal, gives you as a stockholder the opportunity to express your views regarding our fiscal year 2012 executive compensation policies and procedures for named executive officers. The vote is not intended to address any specific item of compensation, but rather the overall compensation of our named executive officers and the policies and procedures described in this Proxy Statement. </p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Accordingly, we ask our stockholders to vote <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>FOR<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> the following advisory resolution at the Annual Meeting:</p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN:0px; FONT-SIZE:5pt" align=justify>&nbsp;</p> <p style="TEXT-INDENT:24px; MARGIN:0px" align=justify><b>RESOLVED, that the stockholders of the Company approve, on an advisory basis, the compensation of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s named executive officers as disclosed pursuant to Item 402 of Regulation S-K in the summary compensation tables and related narrative information set forth in the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Proxy Statement for the 2013 Annual Meeting of Stockholders. </b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Although this is an advisory vote that will not be binding on the Compensation Committee or the Board, we will carefully review the results of the vote.</p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT STOCKHOLDERS VOTE <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>FOR<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> PROPOSAL #2.</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center>25</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:16px"><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:16px"><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px"><br></p> <p style="MARGIN-TOP:0px; PADDING-RIGHT:0px; MARGIN-BOTTOM:13px" align=center><b>PROPOSAL #3 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> FREQUENCY OF FUTURE ADVISORY VOTES ON THE COMPENSATION OF THE COMPANY<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>S NAMED EXECUTIVE OFFICERS</b></p> <p style=MARGIN:0px align=justify>In addition to the non-binding advisory vote on the compensation of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s named executive officers, the Dodd-Frank Act also enables our stockholders to express their preference for having future <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>say on pay<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> votes every one, two or three years. &nbsp;This non-binding <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>frequency<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> vote is required at least once every six years beginning with our 2013 Annual Meeting. &nbsp;It is the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s belief, and the Board<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s recommendation, that this vote should occur every two years. </p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s executive compensation practices need to remain flexible and reflect the state of the Company and the industry. The Board believes that providing the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s stockholders with an advisory vote on executive compensation every two years is consistent with the Compensation Committee<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s approach to regularly evaluate executive compensation policies and procedures. </p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style=MARGIN:0px align=justify>For the above reasons, the Board recommends that the stockholders vote to hold future advisory votes on executive compensation every two years. Each stockholder<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s vote, however, is not to approve or disapprove the Board<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s recommendation. When voting on this Proposal #3, each stockholder has four choices, vote on executive pay every year, every two years, every three years, or abstain from voting. As an advisory vote, the vote on Proposal #3 is not binding upon the Board or the Company. However, the Compensation Committee and the Board will consider the outcome of the vote when determining the frequency of future stockholder advisory votes on executive compensation. </p> <p style=MARGIN:0px align=justify>&nbsp;</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT STOCKHOLDERS VOTE FOR <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>2 YEARS<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> ON PROPOSAL #3.</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center>26</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:16px"><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:16px" align=justify><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px"><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center><b>STOCKHOLDER NOMINATIONS AND OTHER PROPOSALS</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>Any stockholder proposal for the annual meeting of stockholders for the fiscal year ended September 30, 2013, to be held in 2014, must be received by the Company by December 15, 2013 for the proposal to be included in the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s proxy statement and form of proxy for that meeting. &nbsp;If notice of a proposal for which a stockholder will conduct his or her own proxy solicitation is not received by the Company by December 15, 2013, such proposal will be considered untimely pursuant to Rules 14a-4 and 14a-5(e) of the Securities Exchange Act of 1934, and the person named in proxies solicited by the Board may use his or her discretionary authority when the matter is raised at the meeting, without including any discussion of the matter in the proxy statement.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center><b>OTHER MATTERS</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>As of the date of this Proxy Statement, our Board does not intend to present at the Annual Meeting any matters other than those described herein and does not presently know of any matters that will be presented by other parties. &nbsp;If any other matter is properly brought before the Annual Meeting for action by the stockholders, proxies in the enclosed form returned to us will be voted in accordance with the recommendation of our Board or, in the absence of such recommendation, in accordance with the judgment of the proxy holder.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center><b>WHERE YOU CAN FIND MORE INFORMATION</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The Company is subject to the informational requirements of the Securities Exchange Act of 1934, as amended. &nbsp;The Company files reports, proxy statements, and other information with the SEC. &nbsp;The public may read and copy any materials that we file with the SEC at the SEC<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Public Reference Room at 100 F Street, N.E., Washington D.C. 20549. &nbsp;The public may obtain information on the operation of the Public Reference Room by calling 1-800-SEC-0330. &nbsp;The statements and forms we file with the SEC have been filed electronically and are available for viewing or copy on the SEC maintained Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC. &nbsp;The Internet address for this site can be found at www.sec.gov.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>A copy of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Annual Report on Form 10-K for the fiscal year ended September 30, 2012 and copies of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Quarterly Reports on Form 10-Q for the fiscal quarters ended December 31, 2012, March 31, 2013 and June 30, 2013, can be found at the SEC<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s internet site. &nbsp;The Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Annual Report on Form 10-K (including the financial information set forth therein) is incorporated by reference into this Proxy Statement, as described below. &nbsp;The Company will provide upon written request, without charge to each stockholder of record as of the record date, a copy of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Annual Report on Form 10-K for the fiscal year ended September 30, 2012, as filed with the SEC. &nbsp;Any exhibits listed in the Form 10-K report also will be furnished upon request at the actual expense incurred by the Company in furnishing such exhibits. &nbsp;Any such requests should be directed to the attention of our corporate secretary at the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s corporate offices located at 601 Corporate Circle, Golden, Colorado 80401.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center><b>INCORPORATION OF DOCUMENTS BY REFERENCE</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>The SEC allows the Company to <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>incorporate by reference<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> into this Proxy Statement documents that we file with the SEC. &nbsp;This means that the Company can disclose important information to you by referring to those documents. &nbsp;The information incorporated by reference is considered to be a part of this Proxy Statement. &nbsp;We incorporate by reference the following information form the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Annual Report on Form 10-K for the fiscal year ended September 30, 2012:</p> <p style="MARGIN-TOP:0px; TEXT-INDENT:48px; WIDTH:96px; FONT-FAMILY:Symbol; MARGIN-BOTTOM:-2px; FLOAT:left; FONT-SIZE:12pt">&#183;</p> <p style="MARGIN-TOP:0px; TEXT-INDENT:-2px; PADDING-LEFT:96px; MARGIN-BOTTOM:13px">the information under the caption <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Item 6. Management<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Discussion and Analysis of Financial Condition and Results of Operations<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>;</p> <p style="MARGIN-TOP:0px; TEXT-INDENT:48px; WIDTH:96px; FONT-FAMILY:Symbol; MARGIN-BOTTOM:-2px; FLOAT:left; CLEAR:left; FONT-SIZE:12pt">&#183;</p> <p style="MARGIN-TOP:0px; TEXT-INDENT:-2px; PADDING-LEFT:96px; MARGIN-BOTTOM:13px">the information under the caption <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Item 7. Financial Statements<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>; and</p> <p style="MARGIN-TOP:0px; TEXT-INDENT:48px; WIDTH:96px; FONT-FAMILY:Symbol; MARGIN-BOTTOM:-2px; FLOAT:left; CLEAR:left; FONT-SIZE:12pt">&#183;</p> <p style="MARGIN-TOP:0px; TEXT-INDENT:-2px; PADDING-LEFT:96px; MARGIN-BOTTOM:13px">the information under the caption <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Item 8. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px; CLEAR:left" align=justify>STOCKHOLDERS ARE URGED TO IMMEDIATELY MARK, DATE, SIGN, AND RETURN THE ENCLOSED PROXY IN THE ENCLOSED POSTAGE-PAID ENVELOPE. &nbsp;YOUR VOTE IS IMPORTANT.</p> <p style="MARGIN-TOP:13px; MARGIN-BOTTOM:6px" align=center>27</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:11px"><br></p> <p style="MARGIN-TOP:16px; MARGIN-BOTTOM:8px"><br></p> <p style="MARGIN-TOP:13px; MARGIN-BOTTOM:6px"><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px"><br></p> <p style="MARGIN-TOP:13px; MARGIN-BOTTOM:6px"><b>BY ORDER OF THE BOARD OF DIRECTORS</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px"><i>/s/ Boyd E. Hoback</i></p> <p style=MARGIN:0px>Boyd E. Hoback</p> <p style=MARGIN:0px>President and Chief Executive Officer</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center>28</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px"><br></p> <p style=MARGIN:0px align=center><b>GOOD TIMES RESTAURANTS INC.</b></p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><b>REVOCABLE PROXY</b></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=justify><b>THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS IN CONNECTION WITH THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON SEPTEMBER 27, 2013.</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The undersigned hereby revokes all previous proxies, acknowledges receipt of the Notice of the Annual Meeting of Stockholders to be held on September 27, 2013 and the Proxy Statement, and appoints Boyd E. Hoback and Susan M. Knutson (or either of them), the proxy of the undersigned, each with full power of substitution, to vote all shares of common stock of Good Times Restaurants Inc., a Nevada corporation (the <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font>), that the undersigned is entitled to vote, either on his or her own behalf or on behalf of any entity or entities, at the Annual Meeting of Stockholders of the Company to be held on September 27, 2013, beginning at 9:00 a.m. local time, at the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s corporate offices, which are located at 601 Corporate Circle, Golden, Colorado 80401, and at any adjournment or postponement thereof, with the same force and effect as the undersigned might or could do if personally present thereat. &nbsp;The shares represented by this proxy shall be voted in the matter set forth herein.</p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>PROPOSAL #1 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> ELECTION OF DIRECTORS</b>: &nbsp;To elect eight directors of the Company to serve for the next year.</p> <p style=MARGIN:0px align=justify><br></p> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0 align=center> <tr style=FONT-SIZE:0px> <td width=172> <td width=57> <td width=48> <td width=76> <td width=48> <td width=76> <td width=48 /> </tr><tr> <td width=172 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b><u>Director Nominees</u>:</b></p></td> <td width=57 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td></tr> <tr> <td width=172 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=57 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td></tr> <tr> <td width=172 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Geoffrey R. Bailey</b></p></td> <td width=57 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>For</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Against</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Abstain</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td></tr> <tr> <td width=172 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=57 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td></tr> <tr> <td width=172 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>David L. Dobbin</b></p></td> <td width=57 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>For</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Against</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Abstain</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td></tr> <tr> <td width=172 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=57 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td></tr> <tr> <td width=172 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Boyd E. Hoback</b></p></td> <td width=57 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>For</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Against</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Abstain</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td></tr> <tr> <td width=172 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=57 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td></tr> <tr> <td width=172 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Gary J. Heller</b></p></td> <td width=57 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>For</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Against</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Abstain</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td></tr> <tr> <td width=172 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=57 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td></tr> <tr> <td width=172 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Eric W. Reinhard</b></p></td> <td width=57 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>For</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Against</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Abstain</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td></tr> <tr> <td width=172 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=57 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td></tr> <tr> <td width=172 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Alan A. Teran</b></p></td> <td width=57 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>For</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Against</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Abstain</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td></tr> <tr> <td width=172 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=57 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td></tr> <tr> <td width=172 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Reuven Har-Even</b></p></td> <td width=57 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>For</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Against</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Abstain</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td></tr> <tr> <td width=172 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=57 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td></tr> <tr> <td width=172 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Steven M. Johnson</b></p></td> <td width=57 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>For</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Against</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Abstain</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td></tr> <tr> <td width=172 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=57 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td></tr></table> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>PROPOSAL #2 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> ADVISORY VOTE ON THE COMPENSATION OF THE COMPANY<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>S NAMED EXECUTIVE OFFICERS</b>: &nbsp;To approve, by non-binding advisory vote, the compensation of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s named executive officers.</p> <p style=MARGIN:0px align=justify><br></p> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=172> <td width=57> <td width=48> <td width=76> <td width=48> <td width=76> <td width=48 /> </tr><tr> <td width=172 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=57 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>For</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Against</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Abstain</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td></tr></table> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:16px"><br></p> <p style=MARGIN:0px align=justify><b>PROPOSAL #3 <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#150;</font> ADVISORY VOTE ON THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS</b>: &nbsp;To recommend, by non-binding advisory vote, the frequency of future advisory votes on the compensation of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s named executive officers.</p> <p style=MARGIN:0px align=justify><br></p> <table bordercolor=transparent style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=79> <td width=76> <td width=48> <td width=76> <td width=54> <td width=76> <td width=48> <td width=76> <td width=48 /> </tr><tr> <td width=79 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><br></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>1 Year</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>2 Years</b></p></td> <td width=54 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>3 Years</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td> <td width=76 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>Abstain</b></p></td> <td width=48 style=MARGIN-TOP:0px valign=top> <p style=MARGIN:0px align=justify><b>[ &nbsp;]</b></p></td></tr></table> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:16px" align=justify><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>This proxy when properly executed will be voted in the manner directed by the undersigned.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><b>If this proxy is properly executed but no voting directions are given, this proxy will be voted <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>For<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> the election of each of the director nominees set forth above, <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>For<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> the approval of Proposal #2, and for <font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#147;</font>2 Years<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#148;</font> on Proposal #3.</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>This proxy also confers discretionary authority to the proxies to vote on any other matters that may properly be presented at the meeting. &nbsp;As of the date of the accompanying Proxy Statement, the Company did not know of any other matters to be </p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px"><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>presented at the meeting. &nbsp;If any other matters are properly presented at the meeting, this proxy will be voted in accordance with the recommendations of the Company<font style="FONT-FAMILY:Arial Unicode MS,Times New Roman">&#146;</font>s Board of Directors.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>Please sign exactly as your name appears below. &nbsp;When joint tenants hold shares, both should sign. &nbsp;When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. &nbsp;If a corporation, please sign in full corporate name by the president or other authorized officer. &nbsp;If a partnership or limited liability company, please sign in such name by an authorized person.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>Please complete, date and sign this proxy card and return it promptly in the accompanying envelope.</p> <p style="MARGIN-TOP:0px; WIDTH:288px; MARGIN-BOTTOM:-2px; FLOAT:left">Shares Owned: __________</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:-2px; FLOAT:left" /> <p style="MARGIN-TOP:0px; TEXT-INDENT:-2px; MARGIN-BOTTOM:13px">Dated: __________</p> <p style="MARGIN:0px; CLEAR:left">______________________</p> <p style="MARGIN-TOP:0px; WIDTH:354px; MARGIN-BOTTOM:-2px; FLOAT:left">Signature of Shareholder </p> <p style="MARGIN-TOP:0px; TEXT-INDENT:-2px; MARGIN-BOTTOM:6px">Signature (if held jointly)</p> <p style="MARGIN:0px; CLEAR:left">(Sign exactly as name appears on stock certificate)</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="LINE-HEIGHT:10pt; MARGIN:0px"><br></p></div></body>
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