13D Filing: Barington Capital Group, L.P. and Eastern Co (EML)

Page 10 of 14 Pages

As of the close of business on May 22, 2017,
Hilco Inc. beneficially owns an aggregate of 54,020 shares of Common Stock, representing approximately 0.86% of the Issued and
Outstanding Shares. As the Chairman and Chief Executive Officer, majority stockholder and sole director of Hilco Inc., Jeffery
B. Hecktman may be deemed to beneficially own the 54,020 shares of Common Stock beneficially owned by Hilco Inc. Mr. Hecktman
has sole voting and dispositive power with respect to the 54,020 shares of Common Stock beneficially owned by Hilco Inc. Mr. Hecktman
disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

The Reporting Entities do not believe that certain
of the foregoing information is called for by the Items of Schedule 13D and are disclosing it for supplemental informational purposes
only. Information with respect to each Reporting Entity is given solely by such Reporting Entity and no Reporting Entity shall
have responsibility for the accuracy or completeness of information supplied by another Reporting Entity.

(c)           Information concerning all transactions in shares of
Common Stock effected since the filing of the Statement by Barington Companies Equity Partners, L.P., Barington Companies Investors,
LLC, Barington Capital Group, L.P., LNA Capital Corp., James A. Mitarotonda, Hilco Inc. and Jeffery B. Hecktman is set forth in
the Schedule attached hereto and incorporated herein by reference.

The information contained in Item 6 of the Statement
is hereby amended and supplemented as follows:

On May 5, 2017, Barington Companies Equity Partners,
L.P. entered into a letter agreement with the Dino C. Casali Revocable Trust (the “Casali Trust”) in connection with
the contemplated purchase of shares of Common Stock of the Company at a price of $25.90 per share pursuant to a private transaction.
A copy of such agreement is attached hereto as Exhibit 99.9. Ultimately, 50,098 shares of Common Stock were purchased from the
Casali Trust at such price on May 19, 2017.