On December 22, 2017, Good Times Restaurants Inc. sent a letter in response to REIT Redux LP’s letter, setting forth the Company’s proposed terms for a settlement with Delta Partners, LP and REIT Redux LP which would include the withdrawal of the nomination letter. The Company stated that it response also asserted, as justification for the Company’s determination that securities trading restrictions on insiders were warranted during a time when the Company’s ‘trading window’ is typically open, that ‘very specific and material changes to the strategic direction of the Company’ have been proposed by Delta Partners and REIT Redux.