Nicholas M. Perkins entered into an agreement to acquire assets of 13 Fuddruckers locations of Luby's, Inc. (NYSE:LUB) on December 16, 2020. As of March 17, 2021, Black Titan has now completed the purchase of the assets of Luby's, Inc. at the eight locations. It is not expected that there will be any disruption of business at these locations as a result of the transaction. Almost all employees will be offered positions to remain at those store locations. The transaction is subject to customary industry conditions to closing and is expected to close within the next 90 days. The deal is not subject to a financing contingency. The transaction was approved by a Special Committee of the Board of Directors. Luby's, Inc. currently expects the closing of the previously announced transactions for the Tempe, AZ, Kansas City, KS, St. Louis, MO (Sunset Plaza), Houston, TX (MacGregor Way) and Tomball, TX (Creekside Park) Fuddruckers stores with Black Titan to occur shortly. The net proceeds from sales of all assets, after expenses and liabilities, will be distributed to Luby’s stockholders. Nicholas M. Perkins completed acquisition assets of 13 Fuddruckers locations of Luby's, Inc. (NYSE:LUB) on June 17, 2021. Luby’s, Inc. has now also completed the transfer of operations for all five additional owned Fuddruckers locations to affiliates of Black Titan.