144 0001777553 XXXXXXXX LIVE 0000809248 CARROLS RESTAURANT GROUP, INC. 001-33174 968 James Street Syracuse NY 13203 315-424-0513 Cambridge Franchise Holdings, LLC Affiliate Common Stock, par value $0.01 per share (???Common Stock???) Jefferies LLC ("Jefferies")

520 Madison Avenue New York NY 10022

3692682 27251993 54494314 08/18/2023 Nasdaq Common Stock 04/30/2019 Merger (1)(2) Issuer N 7364413 04/30/2019 Merger consideration (1)(2) Common Stock 08/29/2019 Conversion of Series C Preferred Stock into Common Stock (1)(2) Issuer N 7450402 08/29/2019 Conversion of merger consideration (1)(2) Y (1)Acquisition pursuant to a merger/Series C preferred stock conversion. (2)On 8/18/2023, Filer ("CFH") entered into a Master Forward Confirmation (the "Master") with Jefferies relating to forward sales (each, a "Forward") covering up to the max. amount of shares permitted by Rule 144 of the Securities Act. Pursuant to a first confirmation supplementing the Master, CFH is obligated to deliver Common Stock (each, a "Forward Share") to Jefferies on the settlement date, which will be one settlement cycle after the Forward's final day, or such earlier date (i) elected by CFH or (ii) on which the Issuer's open trading window closes. CFH will receive a cash payment based on a price per Forward Share equal to the product of (i)100% minus Jefferies' commission and (ii)a price per Forward Share equal to a weighted-average of the daily VWAP during the Forward, such weighting with respect to each trading day during the Forward to be based on the number of Forward Shares for such trading day. 08/18/2023 /s/ Matthew Perelman