Other Representative Transactions

Silver Diner
Brand Recapitalization

Stout & Co.
Franchisee sell-side

Stanton & Associates
Franchisee Sell-Side
45 units

Moe’s Southwest Grill
Strategic Advisory

PJ’s Coffee
Brand Sell-Side

Tar Heal Capital
Franchisee Strategic Advisory

Texas Land & Castle
Strategic Advisory
Capital Raise

Wendco of Puerto Rico
Franchisee
Strategic Advisory

Wendy’s International
System Optimization III
Refranchising
540 units

TGIFriday’s, Inc.
Company Store Refranchising
169 units

Texas Steakhouse
Independent Brand
Sell-Side

Arby’s
Franchisee Advisory Program
Approx. 600 units

Sabo Ventures
Franchisee
Sell-Side

Salsarita’s Inc.
Independent Brand
Sell-Side
81 units

Waving Leaves, Inc.
Franchisee
Strategic Advisory
Partner Buyout

Cici’s Pizza
Brand Recapitalization and Equity Sale

Beef O’Brady’s
Brand Recapitalization and Equity Sale

Burger King Corporation
Franchisee Advisory Program
Multiple Markets

Bojangles’ Corporation
Consolidated Debt Restructure
250 units

Ameriking
Franchisee
Bankruptcy Sale