Material Agreement, Financial Obligation (Form 8-K)

On September 30, 2025, Good Times Restaurants Inc. (the "Company") and each of its wholly owned subsidiaries, as guarantors, entered into a Third Amendment to Credit Agreement and Consent (the "Amendment") with respect to the Company's Amended and Restated Credit Agreement with Cadence Bank ("Cadence"), as Administrative Agent and Lender, entered into on April 20, 2023, as amended on May 22, 2024 and May 30, 2024 (collectively, the "Credit Agreement").

The Amendment provides for Cadence's consent to the closure of two Bad Daddy's restaurants located in Roswell, Georgia and Broomfield, Colorado and the termination of leases related thereto (the "Restaurant Closures"). In connection with the Restaurant Closures, the Amendment, among other things, amends the Credit Agreement to amend the definitions of "Applicable Rate", "Consolidated EBITDA," "Consolidated Fixed Charge Coverage Ratio", and amends the Consolidated Leverage Ratio covenant contained in Section 7.11(a) of the Credit Agreement and the Restricted Payments covenant contained in Section 7.06 of the Credit Agreement.

The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this current report on Form 8-K and is incorporated by reference herein.

The information contained in Item 1.01 regarding the Amendment is incorporated by reference herein.