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

(b)

1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 130,000 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 130,000

(c)

Focus Fund has not entered into any transactions in the Shares during the past sixty days.

D.

Cibelli Research

(a)

Cibelli Research, as the general partner of Focus Fund, may be deemed the beneficial owner of the 130,000 Shares owned by Focus Fund.

Percentage: Approximately
0.9%

(b)

1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 130,000 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 130,000

(c)

Cibelli Research has not entered into any transactions in the Shares during the past sixty days.

E.

Partners LP

(a)

As of the close of business on September 25, 2017, Partners LP beneficially owned 800,000 Shares.

Percentage: Approximately
5.4%

(b)

1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 800,000 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 800,000

(c)

The transactions in the Shares by Partners LP during the past sixty days are set forth in Schedule A and are incorporated herein by reference.

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.

(d)

No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.