William James

David Swartz

- Good Times Restaurants Inc. (GTIM) entered into a Third Amendment to its Credit Agreement with Cadence Bank on **September 30, 2025**.  **[825324_0001214659-25-014561_ex10_1.htm:0]** **[825324_0001214659-25-014561_u1022508k.htm:1]** 
- This amendment provides consent for the closure of **two Bad Daddy's restaurants** located in Roswell, Georgia, and Broomfield, Colorado.  **[825324_0001214659-25-014561_ex10_1.htm:0]** **[825324_0001214659-25-014561_u1022508k.htm:1]** 
- The Credit Agreement was modified, amending definitions such as "Applicable Rate," "Consolidated EBITDA," and "Consolidated Fixed Charge Coverage Ratio".  **[825324_0001214659-25-014561_u1022508k.htm:1]** 
- The **Consolidated Leverage Ratio** covenant was updated, setting a limit of **5.65 to 1.00** for the fiscal quarters ending September 30, 2025, December 30, 2025, and March 31, 2026.  **[825324_0001214659-25-014561_ex10_1.htm:3]** 
- Additionally, no **Restricted Payments** are permitted during the defined "Restricted Period".  **[825324_0001214659-25-014561_ex10_1.htm:3]**

Good Times Restaurants (GTIM)