13D Filing: Marathon Partners and J. Alexander’s Holdings Inc. (JAX)

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Page 10 of 12 – SEC Filing

Each Reporting Person,
as a member of a “group” with the other Reporting Persons for the purposes of Section 13(d)(3) of the Securities Exchange
Act of 1934, as amended, may be deemed the beneficial owner of the Shares directly owned by the other Reporting Persons. Each Reporting
Person disclaims beneficial ownership of such Shares except to the extent of his or its pecuniary interest therein.

Item 7. Material to be Filed as Exhibits.

Item 7 is hereby amended
to add the following exhibit:

99.1 Letter to the Chairman of the Board of Directors, dated February 27, 2018.
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