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

3285622 25759276.48 54496225 12/14/2023 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 9/14/23, Filer ("CFH") entered into a Master Forward Confirmation (the "Master") with Jefferies relating to forward sales ("Forwards") (A) complying with Rule 10b5-1(c) of the Securities Act (the "Act"), and (B) covering up to the lesser of (i) 3,285,622 shares of Common Stock (the "Shares") and (ii) the max number of Shares permitted to be sold under Rule 144 of the Act. Pursuant to a Supplemental Confirmation to the Master, the first date Jefferies could execute any sales was 12/14/23. CFH is obligated to deliver the Shares to Jefferies on the settlement date (one settlement cycle following the final day of the Forward). In exchange, CFH will receive a cash payment based on a price per Share equal to the product of (i) 100% minus Jefferies' commission and (ii) a price per Share equal to a weighted-average of the daily volume-weighted average prices during the term of the Forward. 12/14/2023 /s/ Matthew Perelman