13D Filing: Engine Capital, L.P. and PFSweb, Inc. (PFSW)

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(c) Engine Investments has not entered into any transactions in the Shares during the past (60) sixty days.
E. Arnaud Ajdler
(a) Mr. Ajdler, as the managing member of Engine Management and Engine Investments, may be deemed to
beneficially own the 950,668 Shares owned beneficially by Engine Management and Engine Investments.

Percentage: Approximately 5.0%

(b) 1. Sole power to vote or direct vote: 950,668
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 950,668
4. Shared power to dispose or direct the disposition: 0
(c) Mr. Ajdler has not entered into any transactions in the Shares during the past sixty (60) days.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

On August 17, 2017,
the Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing on behalf
of each of them of statements on Schedule 13D with respect to securities of the Issuer, to the extent required by applicable law.
A copy of the Joint Filing Agreement is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

Other than as described herein, there are no contracts,
arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person,
with respect to the securities of the Issuer.

Item 7. Material to be Filed as Exhibits.
99.1 Joint Filing Agreement by and among Engine Capital, L.P., Engine Jet Capital, L.P., Engine Investments,
LLC, Engine Capital Management, LLC and Arnaud Ajdler, dated August 17, 2017.
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