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| R | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE |
|---|--------------------------------------------------------------------------|

|   | ACT OF 1934 |
|--------|-------------|

|  ̈ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT 1934 |
|--------|---------------------------------------------------------------------------------------|

| Delaware                                                       |   | 33-0602639                           |
|----------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |

| Large accelerated filer £ | Accelerated filer £ | Non-accelerated filer R | Smaller reporting company £ |
|--------------------------------|--------------------------|-------------------------|----------------------------------|

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|     |                                                                                           | Page No.  |
|----------|------------------------------------------------------------------------------------------------|----------------|
|     | EXPLANATORY NOTE                                                                               | 1              |
|     |                                                                                           |           |
|     | PART III                                                                                       |           |
|     |                                                                                           |           |
| Item 10. | Directors, Executive Officers and Corporate Governance                                         | 2              |
| Item 11. | Executive Compensation                                                                         | 6              |
| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 26             |
| Item 13. | Certain Relationships and Related Transactions, and Director Independence                      | 27             |
| Item 14. | Principal Accounting Fees and Services                                                         | 31             |
|     |                                                                                           |           |
|     | PART IV                                                                                        |           |
|     |                                                                                           |           |
| Item 15. | Exhibits, Financial Statement Schedules                                                        | 33             |
|     |                                                                                           |           |
|     | SIGNATURES                                                                                     |           |
|     | EXHIBITS                                                                                       |           |

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EXPLANATORY NOTE

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ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

| Name and Age  |   | Position, Principal Occupation, Business Experience and Directorships  |
|--------------------|--------|-----------------------------------------------------------------------------|
|               |   |                                                                        |
| Andrew F. Puzder   | 60     |                                                                        | Mr. Puzder became, upon completion of the Merger, a member of our board of directors and our Chief Executive Officer. Prior to the completion of the Merger, Mr. Puzder served as a member of our board of directors since 2001 and Chief Executive Officer since September 2000. From September 2000 to January 2009, he served as our President. From February 1997 to September 2000, he served as our Executive Vice President, General Counsel and Secretary. Mr. Puzder was also Executive Vice President of Fidelity National Financial, Inc. (“FNF”) from January 1995 to June 2000. Mr. Puzder was a partner in the Costa Mesa, California law firm of Lewis, D’Amato, Brisbois & Bisgaard from September 1991 to March 1994, and a shareholder in the Newport Beach, California law firm of Stradling Yocca Carlson & Rauth from March 1994 until joining FNF in 1995.  Based on Mr. Puzder’s executive leadership, management experience, extensive knowledge of our operations, competitive challenges, opportunities and long-term strategy, and in light of our ownership structure, the board believes that it is appropriate for Mr. Puzder to serve as our director.  |
| Peter P. Copses    | 52     |                                                                        | Mr. Copses became, upon completion of the Merger, Chairman of our board of directors. Mr. Copses co-founded Apollo Management, L.P. in 1990. Prior to joining Apollo, Mr. Copses was an investment banker at Drexel Burnham Lambert Incorporated, and subsequently at Donaldson, Lufkin, & Jenrette Securities, concentrating on the structuring, financing and negotiation of mergers and acquisitions. Mr. Copses has served as the Chairman of the board of directors of Claire’s Stores, Inc., a leading specialty retailer offering value-priced accessories and jewelry, since May 2007. Mr. Copses has also served as a director of RBS Global, Inc., a diversified, multi-platform industrial company, since July 2006. Mr. Copses served as a director of Linens ‘n Things, Inc. (“LNT”), a retailer of home textiles, housewares and decorative home accessories, from February 2006 until February 2010. Mr. Copses also served as a director of Rent-A-Center, Inc., the nation’s largest operator of rent-to-own stores, from August 1998 to December 2007. Over the course of the past 20 years, Mr. Copses has served on the board of directors of several other retail businesses, including General Nutrition Centers, Inc. (“GNC”) and Zale Corporation.  In light of our ownership structure and Mr. Copses’ position with Apollo, his knowledge of the retail industry and his extensive financial and business experience, including his background as an investment banker, the board believes it is appropriate for Mr. Copses to serve as our director.  |

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| Name and Age        |   | Position, Principal Occupation, Business Experience and Directorships  |
|--------------------------|--------|-----------------------------------------------------------------------------|
|                     |   |                                                                        |   |
| Robert J. DiNicola  | 63     |                                                                        | Mr. DiNicola became, upon completion of the Merger, a member of our board of directors. Mr. DiNicola has served as a director of Claire’s Stores, Inc. since May 2007 and also serves as the Senior Retail Advisor for Apollo Management, L.P. Mr. DiNicola served as Chief Executive Officer and Chairman of the Board of LNT from February 2006 until May 2008, when LNT and its parent company filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code in U.S. Bankruptcy Court, District of Delaware, which was converted to a Chapter 7 liquidation in February 2010. Mr. DiNicola served as Executive Chairman of GNC from December 2004 to March 2007, and as the interim CEO and Chairman of GNC from December 2004 to June 2005. Mr. DiNicola also held numerous positions with Zale Corporation, including Chief Executive Officer from April 1994 to 2002, and Chairman of the Board from April 1994 to 2004. Prior to joining Zale Corporation, Mr. DiNicola served as the Chairman and Chief Executive Officer of the Bon Marché, a division of Federated Department Stores. Beginning his retail career in 1972, Mr. DiNicola has also worked for Macy’s and The May Department Stores Company.  In light of our ownership structure and Mr. DiNicola’s knowledge of the retail industry and our competitive challenges and opportunities gained through his executive leadership and management experience in the retail industry, the board believes it is appropriate for Mr. DiNicola to serve as our director.  |
| George G. Golleher       | 63     |                                                                        | Mr. Golleher became, upon completion of the Merger, a member of our board of directors. Since May 2007, Mr. Golleher has served as a director of Claire’s Stores, Inc. and as Chairman and Chief Executive Officer of Smart & Final Inc., an operator of warehouse grocery stores. Mr. Golleher was a director of Simon Worldwide, Inc., a promotional marketing company, from September 1999 to April 2006, and was also its Chief Executive Officer from March 2003 to April 2006. From March 1998 to May 1999, Mr. Golleher served as President, Chief Operating Officer and director of Fred Meyer, Inc., a food and drug retailer. Prior to joining Fred Meyer, Inc., Mr. Golleher served for 15 years with Ralphs Grocery Company until March 1998, ultimately as the Chief Executive Officer and Vice Chairman of the Board. From 2002 until April 2009, Mr. Golleher served as a director of Rite Aid Corporation, one of the largest retail drugstore chains in the United States. Mr. Golleher has also been a business consultant and private equity investor since June 1999.  In light of our ownership structure and Mr. Golleher’s knowledge of the retail industry and our competitive challenges and opportunities gained through his executive leadership and management experience in the retail industry, the board believes it is appropriate for Mr. Golleher to serve as our director.  |
| Lance A. Milken          | 35     |                                                                        | Mr. Milken became, upon completion of the Merger, a member of our board of directors. Mr. Milken is a Partner at Apollo Management, L.P., where he has worked since 1998. Mr. Milken has served as a director of Claire’s Stores, Inc. since May 2007 and also serves as a member of the Milken Institute board of trustees.  In light of our ownership structure and Mr. Milken’s position with Apollo and his extensive financial and business experience, including his experience in leveraged finance, the board believes it is appropriate for Mr. Milken to serve as our director.  |

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| Name and Age     |   | Position, Principal Occupation, Business Experience and Directorships  |
|-----------------------|--------|-----------------------------------------------------------------------------|
|                  |   |                                                                        |   |
| Daniel E. Ponder, Jr. | 56     |                                                                        | Mr. Ponder became a member of our board of directors on August 10, 2010. Prior to the completion of the Merger, Mr. Ponder served as a member of CKE’s board of directors since 2001. Mr. Ponder is currently the President and Chairman of the board of directors of Ponder Enterprises, Inc., a franchisee of Hardee’s restaurants. He has been a Hardee’s franchisee for over 25 years. Mr. Ponder served in the Georgia legislature until January 2001. Mr. Ponder was the 2003 recipient of the John F. Kennedy Profile in Courage Award.  In light of our ownership structure and Mr. Ponder’s extensive experience and knowledge of our operations, competitive challenges and opportunities gained through his position as a member of our Predecessor board of directors and as a franchisee, the board believes that it is appropriate for Mr. Ponder to serve as our director.  |
| Jerold H. Rubinstein  | 72     |                                                                        | Mr. Rubinstein became a member of our board of directors on August 10, 2010. Prior to the completion of the Merger, Mr. Rubinstein served as a member of CKE’s board of directors since 2006. Mr. Rubinstein is Chairman of U.S. Global Investors, Inc., a mutual fund advisory company. Mr. Rubinstein has started and sold many companies over the years, including Bel Air Savings and Loan and DMX, a cable and satellite music distribution company. Most recently, Mr. Rubinstein was Managing Partner at Music Imaging & Media Imaging International. Mr. Rubinstein started and sold XTRA Music Ltd., a satellite and cable music distribution company in Europe. Mr. Rubinstein is both a CPA and attorney. In light of our ownership structure and Mr. Rubinstein’s extensive experience and knowledge of our operations, competitive challenges and opportunities gained through his position as a member of our Predecessor board of directors and lengthy career as an attorney, CPA and businessman, extensive experience in the areas of operations, legal analysis, financial and accounting expertise, and business development, the board believes that it is appropriate for Mr. Rubinstein to serve as our director.  |
| C. Thomas Thompson    | 61     |                                                                        | Mr. Thompson became a member of our board of directors on August 10, 2010. Mr. Thompson previously served as President and Chief Operating Officer of CKE from 1994 until 2000, when he became Chief Executive Officer and a director of CKE until his resignation in late 2000. Mr. Thompson has been a Carl’s Jr. franchisee since 1984 and is currently a principal in six Carl’s Jr. franchises owning 60 restaurants.  In light of our ownership structure and Mr. Thompson’s extensive experience and knowledge of our operations, competitive challenges and opportunities gained through his position as a former executive officer of CKE and as a franchisee, the board believes that it is appropriate for Mr. Thompson to serve as our director. |

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ITEM 11. EXECUTIVE COMPENSATION

| ·   | Annual base salaries should be competitive and create a measure of financial security for our executive officers. |
|--------------------|-------------------------------------------------------------------------------------------------------------------|

| ·   | Compensation should take into account the respective positions held and levels of responsibility required by members of executive management. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Compensation should consist of a combination of variable annual and long-term incentive compensation (cash and equity) that stresses the achievement of short-term and long-term financial performance objectives and provides the opportunity to earn significant additional compensation for performance that exceeds targeted levels. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | Long-term compensation should include a significant equity component to align the interests of our executive officers with those of our stockholder and should include both a time-based vesting component to create a meaningful incentive to remain in the employ of the Company over a significant period of time and a performance-based vesting component to create an incentive to meet financial performance objectives that our compensation committee believes are correlated with the creation of long-term value for our stockholder. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Pursuant to newly executed employment agreements, Messrs. Puzder, Murphy and Abajian became eligible to receive special retention bonuses if they remain employed by the Company as of specified future dates, as discussed in greater detail under the heading “Elements of Executive Compensation - Retention Bonus” below. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The performance metrics used to measure the Company's financial performance for purposes of determining amounts payable under our variable cash incentive program changed and new targets were set for each of those performance metrics, as discussed in greater detail under the heading “Elements of Executive Compensation - Cash Incentive Compensation” below. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The type of equity securities issued to our executive officers under the variable equity incentive portion of our compensation programs changed (from restricted common stock and options to purchase common stock to limited partnership units) as a result of the change to the Company’s ownership structure following completion of the Merger, as discussed in greater detail under the heading “Elements of Executive Compensation - Equity Incentive Compensation” below. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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----

| Executive                                                                          |   | Base Salary                                               |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Andrew F. Puzder                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $1,070,000                                                                                                                                                                                                                                                                                      |
| E. Michael Murphy                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | $636,750                                                                                                                                                                                                                                                                                        |
| Theodore Abajian                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $500,000                                                                                                                                                                                                                                                                                        |
| Bradford R. Haley                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | $350,012                                                                                                                                                                                                                                                                                        |
| Robert J. Starke                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $325,000                                                                                                                                                                                                                                                                                        |

| Executive                                                |   | Retention Bonus Amount |   | Payment Dates   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|--------|-----------------|
| Andrew F. Puzder                                                                                                                                                                                                                                                                                    |   | $1,255,000             |   | October 1, 2011 |
|                                                                                                                                                                                                                                                                                                |   | $1,255,000             |   | October 1, 2012 |
|                                                                                                                                                                                                                                                                                                |   | $1,255,000             |   | October 1, 2013 |
| E. Michael Murphy                                                                                                                                                                                                                                                                                   |   | $313,750               |   | October 1, 2011 |
|                                                                                                                                                                                                                                                                                                |   | $313,750               |   | October 1, 2012 |
|                                                                                                                                                                                                                                                                                                |   | $313,750               |   | October 1, 2013 |
| Theodore Abajian                                                                                                                                                                                                                                                                                    |   | $313,750               |   | October 1, 2011 |
|                                                                                                                                                                                                                                                                                                |   | $313,750               |   | October 1, 2012 |
|                                                                                                                                                                                                                                                                                                |   | $313,750               |   | October 1, 2013 |

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| Achievement Ranges forSame-Store Sales Performance Metric(1) |   | Achievement Percentage for Adjusted EBITDA andFree Cash Flow Performance Metrics  |   | Actual Cash Bonus Amount                                                             |
|--------------------------------------------------------------|--------|----------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Less than (2.0)%                                             |   | Under 80%                                                                              |   | $0                                                                                                                                                                                                                                                                                                                                                                                          |
| Between (2.0)% and 0.0%                                      |   | Between 80% and 100%                                                                   |   | A percentage of base salary on a sliding scale beginning at 50% and sliding to 100%                                                                                                                                                                                                                                                                                                              |
| Between 0.0% and 2.0%                                        |   | Between 100% and 120%                                                                  |   | A percentage of base salary on a sliding scale beginning at 100% and sliding to a maximum of 250% of base salary for Mr. Puzder, 220% of base salary for Mr. Murphy, and 200% of base salary for Mr. Abajian.                                                                                                                                                                                    |
| Greater than 2.0%                                            |   | Greater than 120%                                                                      |   | A maximum of 250% of base salary for Mr. Puzder, 220% of base salary for Mr. Murphy, and 200% of base salary for Mr. Abajian.                                                                                                                                                                                                                                                                    |

|   |   |
|--------|--------|

| (1) | The achievement ranges for the same-store sales performance metric for fiscal 2011 were mutually agreed between the Company and management since the sliding scale methodology prescribed by the employment agreements was not meaningful when applied to the fiscal 2011 same-store sales target. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                                                                                                                 |   | Fiscal 2011 Performance Metric |   |   | Fiscal 2011Actual Results |   |   | Performance % Compared to Target |   |   | Payout Percentage(1) |   |   | Performance Metric Weighting % |   |   | Total  |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------|--------|--------|---------------------------|--------|--------|----------------------------------|--------|--------|---------------------------|--------|--------|--------------------------------|--------|--------|--------|--------|
|                                                                                                                                                                                                 |   | (dollars in millions)               |   |   | (dollars in millions)     |   |   |                             |   |   |                      |   |   |                           |   |   |   |   |
| Andrew F. Puzder                                                                                                                                                                                     |   |                                |   |   |                      |   |   |                             |   |   |                      |   |   |                           |   |   |   |   |
| Same-Store Sales                               |   |                                | 0.0    | %      |                      |   | (0.8   | )%                               |   |   | (0.8                      | )%     |   |                           | 80.0   | %      |   |   | 25 | % |   |   | 20.0 | % |
| Adjusted EBITDA(2)                                                                                                                                                                                   |   | $                                   | 167.8  |   |                      | $      | 164.9  |                             |   |   | 98.3                      | %      |   |                           | 95.8   | %      |   |   | 25 | % |   |   | 24.0 | % |
| Free Cash Flow(3)                                                                                                                                                                                    |   | $                                   | 87.8   |   |                      | $      | 101.8  |                             |   |   | 115.9                     | %      |   |                           | 219.4  | %      |   |   | 50 | % |   |   | 109.7 | % |
| Total Payout Percentage                                                                                                                                                                              |   |                                |   |   |                      |   |   |                             |   |   |                      |   |   |                           |   |   |   |   |   |   |   |   | 153.7 | % |
| Base Salary(4)                                                                                                                                                                                       |   |                                |   |   |                      |   |   |                             |   |   |                      |   |   |                           |   |   |   |   |   |   |   | $ | 1,090,577 |   |
| Fiscal 2011 Cash Incentive Compensation                                                                                                                                                              |   |                                |   |   |                      |   |   |                             |   |   |                      |   |   |                           |   |   |   |   |   |   |   | $ | 1,676,709 |   |
| E. Michael Murphy                                                                                                                                                                                    |   |                                |   |   |                      |   |   |                             |   |   |                      |   |   |                           |   |   |   |   |   |   |   |   |   |   |
| Same-Store Sales                               |   |                                | 0.0    | %      |                      |   | (0.8   | )%                               |   |   | (0.8                      | )%     |   |                           | 80.0   | %      |   |   | 25 | % |   |   | 20.0 | % |
| Adjusted EBITDA(2)                                                                                                                                                                                   |   | $                                   | 167.8  |   |                      | $      | 164.9  |                             |   |   | 98.3                      | %      |   |                           | 95.8   | %      |   |   | 25 | % |   |   | 24.0 | % |
| Free Cash Flow(3)                                                                                                                                                                                    |   | $                                   | 87.8   |   |                      | $      | 101.8  |                             |   |   | 115.9                     | %      |   |                           | 195.5  | %      |   |   | 50 | % |   |   | 97.8 | % |
| Total Payout Percentage                                                                                                                                                                              |   |                                |   |   |                      |   |   |                             |   |   |                      |   |   |                           |   |   |   |   |   |   |   |   | 141.8 | % |
| Base Salary(4)                                                                                                                                                                                       |   |                                |   |   |                      |   |   |                             |   |   |                      |   |   |                           |   |   |   |   |   |   |   | $ | 648,996 |   |
| Fiscal 2011 Cash Incentive Compensation                                                                                                                                                              |   |                                |   |   |                      |   |   |                             |   |   |                      |   |   |                           |   |   |   |   |   |   |   | $ | 920,184 |   |
| Theodore Abajian                                                                                                                                                                                     |   |                                |   |   |                      |   |   |                             |   |   |                      |   |   |                           |   |   |   |   |   |   |   |   |   |   |
| Same-Store Sales                               |   |                                | 0.0    | %      |                      |   | (0.8   | )%                               |   |   | (0.8                      | )%     |   |                           | 80.0   | %      |   |   | 25 | % |   |   | 20.0 | % |
| Adjusted EBITDA(2)                                                                                                                                                                                   |   | $                                   | 167.8  |   |                      | $      | 164.9  |                             |   |   | 98.3                      | %      |   |                           | 95.8   | %      |   |   | 25 | % |   |   | 24.0 | % |
| Free Cash Flow(3)                                                                                                                                                                                    |   | $                                   | 87.8   |   |                      | $      | 101.8  |                             |   |   | 115.9                     | %      |   |                           | 179.6  | %      |   |   | 50 | % |   |   | 89.8 | % |
| Total Payout Percentage                                                                                                                                                                              |   |                                |   |   |                      |   |   |                             |   |   |                      |   |   |                           |   |   |   |   |   |   |   |   | 133.8 | % |
| Base Salary(4)                                                                                                                                                                                       |   |                                |   |   |                      |   |   |                             |   |   |                      |   |   |                           |   |   |   |   |   |   |   | $ | 509,615 |   |
| Fiscal 2011 Cash Incentive Compensation                                                                                                                                                              |   |                                |   |   |                      |   |   |                             |   |   |                      |   |   |                           |   |   |   |   |   |   |   | $ | 681,932 |   |

|   |   |
|--------|--------|

| (1) | The payout percentage for each performance metric is based upon the achievement percentage as discussed above |
|-----|---------------------------------------------------------------------------------------------------------------|

| (2) | Adjusted EBITDA represents income (loss) before income taxes, interest income and expense and depreciation and amortization, adjusted for certain non-recurring, non-cash and other expenses and income. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | For fiscal 2011, our free cash flow was calculated using Adjusted EBITDA less capital expenditures. |
|-----|-----------------------------------------------------------------------------------------------------|

| (4) | Our fiscal 2011 contained 53 weeks.  For the purpose of calculating the cash inventive compensation, we used the base salary in effect as of January 31, 2011 adjusted to include one additional week of compensation. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Executive                                                              |   | Number of Class A Units |    |   | Percentage of Class A Units |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|---------|--------|-----------------------------|--------|
| Andrew F. Puzder                                                  |   |                    | 674,000 |   |                        |   | 1.50 | % |
| E. Michael Murphy                                                 |   |                    | 152,500 |   |                        |   | 0.34 | % |
| Theodore Abajian                                                  |   |                    | 220,000 |   |                        |   | 0.49 | % |
| Bradford R. Haley                                                 |   |                    | 40,000  |   |                        |   | 0.09 | % |
| Robert J. Starke                                                  |   |                    | 8,200   |   |                        |   | 0.02 | % |

----

|   Executive                            |   | Number of Time Vesting Class B Units |      |   | Number of Performance Vesting Class B Units |   |      | TotalClass B Units |   |   | Percentage ofClass B Units |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------|-----------|--------|---------------------------------------------|--------|-----------|--------------------|--------|--------|----------------------------|--------|
| Andrew F. Puzder                                                                                                                                                                        |   |                                 | 1,001,667 |   |                                        |   | 1,001,666 |               |   |   | 2,003,333                  |   |   |   | 38.65 | % |
| E. Michael Murphy                                                                                                                                                                       |   |                                 | 331,802   |   |                                        |   | 331,802   |               |   |   | 663,604                    |   |   |   | 12.80 | % |
| Theodore Abajian                                                                                                                                                                        |   |                                 | 331,802   |   |                                        |   | 331,802   |               |   |   | 663,604                    |   |   |   | 12.80 | % |
| Bradford R. Haley                                                                                                                                                                       |   |                                 | 87,645    |   |                                        |   | 87,645    |               |   |   | 175,290                    |   |   |   | 3.38 | % |
| Robert J. Starke                                                                                                                                                                        |   |                                 | 87,645    |   |                                        |   | 87,645    |               |   |   | 175,290                    |   |   |   | 3.38 | % |

| ·   | Payment of the initiation fee and membership dues of a social or recreational club for the purpose of maintaining various business relationships on behalf of the Company (but not the payment of any personal expenses or purchases of the executive officer at such club); |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Supplemental disability insurance sufficient to provide two-thirds of the executive's pre-disability base salary for a two-year period (the employment agreements with Messrs. Starke and Haley also extend this benefit to each); and |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Provision of medical and other insurance coverage provided by the Company to other executive officers as well as a supplemental medical expense reimbursement policy to reimburse the executives for medical, dental and vision care expenses, subject to certain limitations, incurred by the executive and his dependents that are not otherwise reimbursed or covered by the base health insurance plan (the employment agreements with Messrs. Starke and Haley also extend this benefit to each). |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Pay directly or reimburse for mobile phones used by the executive officers; |
|--------------------|-----------------------------------------------------------------------------|

| ·   | Pay the costs of preparing annually the income tax returns of the executive officer; and |
|--------------------|------------------------------------------------------------------------------------------|

| ·   | Provide for a modest automobile allowance or a Company leased car for each of the named executive officers. |
|--------------------|-------------------------------------------------------------------------------------------------------------|

----

----

----

| ·   | contain elements that we believe effectively link the payment of performance-based compensation to meaningful financial goals for the Company that are designed to promote the creation of stockholder value; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | contain elements that we believe create appropriate and effective incentives for the executive officers, whom we believe are significant assets to the Company and will play a vital role in creating long-term value for our stockholder, to remain in the employ of the Company over a period of years; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | include an overall mix of compensation elements for those individuals who are best positioned to have an impact on our financial performance (e.g., our named executive officers) that is appropriately balanced between short-term and long-term incentives, such that it does not encourage the taking of short-term risks at the expense of long-term results; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | include equity-based compensation for our executive officers that aligns their interests with those of our stockholder, by providing them with an incentive to achieve financial results that enhance the value of their equity-based compensation, but that discourages them from excessive risk-taking that could reduce the value of their equity-based compensation; and |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | provide our compensation committee with discretion to establish and modify performance goals under our cash and equity incentive compensation programs from year to year, thereby giving our compensation committee the ability to change the incentive and retentive qualities of the incentive compensation programs as it deems appropriate in light of our compensation philosophy. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Date: May 24, 2011 |   | COMPENSATION COMMITTEE     |
|--------------------|--------|----------------------------|
|               |   |                       |
|               |   | Peter P. Copses (Chairman) |
|               |   | Lance A. Milken            |
|               |   | Robert J. DiNicola         |

----

| Name and PrincipalPosition   |   | FiscalYear |   | Salary($) |      |   | Bonus($)(1) |   |    | Stock Awards($)(2) |   |   | Option Awards($)(2) |   |   | Non-Equity Incentive Plan Compensation($)(3) |    |   | Change in Pension Value and Nonqualified Deferred Compensation Earnings($)(4) |   |      | All Other Compensation($)(5) |   |   | Total($) |   |
|------------------------------|--------|------------|--------|-----------|-----------|--------|-------------|--------|---------|--------------------|--------|--------|---------------------|--------|--------|----------------------------------------------|---------|--------|-------------------------------------------------------------------------------|--------|-----------|------------------------------|--------|--------|----------|--------|
|                         |   |       |   |      |      |   |        |   |    |               |   |   |                |   |   |                                         |    |   |                                                                          |   |      |                         |   |   |     |   |
| Andrew F. Puzder             |   | 2011       |   |      | 1,090,577 | (6)    |        |   | — |               |   |   | 7,041,715           |   |   |                                         | — |   |                                                                          |   | 1,676,709 |                         |   |   | —  |   |   |   | 308,350 |   |   |   | 10,117,351 |   |
| Chief Executive Officer      |   | 2010       |   |      | 1,070,000 |   |        |   | — |               |   |   | 3,192,000           |   |   |                                         | — |   |                                                                          |   | 2,675,000 |                         |   |   | —  |   |   |   | 351,188 |   |   |   | 7,288,188 |   |
|                         |   | 2009       |   |      | 1,070,000 |   |        |   | — |               |   |   | 2,784,000           |   |   |                                         | — |   |                                                                          |   | 1,289,853 |                         |   |   | —  |   |   |   | 519,927 |   |   |   | 5,663,780 |   |
|                         |   |       |   |      |      |   |        |   |    |               |   |   |                |   |   |                                         |    |   |                                                                          |   |      |                         |   |   |     |   |   |   |   |   |   |   |   |   |
| E. Michael Murphy            |   | 2011       |   |      | 648,996   | (6)    |        |   | — |               |   |   | 2,332,568           |   |   |                                         | — |   |                                                                          |   | 920,184   |                         |   |   | —  |   |   |   | 102,989 |   |   |   | 4,004,737 |   |
| President and                |   | 2010       |   |      | 636,750   |   |        |   | — |               |   |   | 798,000             |   |   |                                         | — |   |                                                                          |   | 1,400,850 |                         |   |   | —  |   |   |   | 102,990 |   |   |   | 2,938,590 |   |
| Chief Legal Officer          |   | 2009       |   |      | 561,750   |   |        |   | — |               |   |   | 696,000             |   |   |                                         | — |   |                                                                          |   | 638,699   |                         |   |   | —  |   |   |   | 171,311 |   |   |   | 2,067,760 |   |
|                         |   |       |   |      |      |   |        |   |    |               |   |   |                |   |   |                                         |    |   |                                                                          |   |      |                         |   |   |     |   |   |   |   |   |   |   |   |   |
| Theodore Abajian             |   | 2011       |   |      | 488,731   | (6)    |        |   | — |               |   |   | 2,332,568           |   |   |                                         | — |   |                                                                          |   | 681,932   |                         |   |   | —  |   |   |   | 136,470 |   |   |   | 3,639,701 |   |
| Executive Vice President and |   | 2010       |   |      | 454,750   |   |        |   | — |               |   |   | 798,000             |   |   |                                         | — |   |                                                                          |   | 909,500   |                         |   |   | —  |   |   |   | 138,701 |   |   |   | 2,300,951 |   |
| Chief Financial Officer      |   | 2009       |   |      | 454,750   |   |        |   | — |               |   |   | 696,000             |   |   |                                         | — |   |                                                                          |   | 517,042   |                         |   |   | —  |   |   |   | 168,722 |   |   |   | 1,836,514 |   |
|                         |   |       |   |      |      |   |        |   |    |               |   |   |                |   |   |                                         |    |   |                                                                          |   |      |                         |   |   |     |   |   |   |   |   |   |   |   |   |
| Bradford R. Haley            |   | 2011       |   |      | 356,743   | (6)    |        |   | 250,000 |               |   |   | 616,144             |   |   |                                         | — |   |                                                                          |   | —   |                         |   |   | —  |   |   |   | 41,815 |   |   |   | 1,264,702 |   |
| Executive Vice President,    |   | 2010       |   |      | 350,012   |   |        |   | 300,000 |               |   |   | 14,088              |   |   |                                         | 59,600  |   |                                                                          |   | —   |                         |   |   | —  |   |   |   | 43,041 |   |   |   | 766,741 |   |
| Marketing                    |   | 2009       |   |      | 350,012   |   |        |   | 250,000 |               |   |   | 14,980              |   |   |                                         | 79,000  |   |                                                                          |   | —   |                         |   |   | —  |   |   |   | 46,080 |   |   |   | 740,072 |   |
|                         |   |       |   |      |      |   |        |   |    |               |   |   |                |   |   |                                         |    |   |                                                                          |   |      |                         |   |   |     |   |   |   |   |   |   |   |   |   |
| Robert J. Starke(7)          |   | 2011       |   |      | 319,712   | (6)    |        |   | 425,000 |               |   |   | 616,144             |   |   |                                         | — |   |                                                                          |   | —   |                         |   |   | —  |   |   |   | 29,065 |   |   |   | 1,389,921 |   |
| Executive Vice President,    |   | 2010       |   |      | 275,000   |   |        |   | 325,000 |               |   |   | 14,088              |   |   |                                         | 59,600  |   |                                                                          |   | —   |                         |   |   | —  |   |   |   | 32,014 |   |   |   | 705,702 |   |
| Hardee’s Operations    |   | 2009       |   |      | —   |   |        |   | — |               |   |   | —             |   |   |                                         | — |   |                                                                          |   | —   |                         |   |   | —  |   |   |   | — |   |   |   | — |   |

|   |   |
|--------|--------|

| (1)   | These amounts represent discretionary bonuses paid since the amount of the awards was subject to the discretion of our Chief Executive Officer. As such, these amounts have been disclosed as a discretionary bonus rather than a non-equity incentive plan award. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | The amounts set forth in these columns reflect the grant date fair value of the Predecessor stock and option awards and Successor Class B Units calculated in accordance with the authoritative accounting guidance.  In accordance with SEC rules, for awards that are subject to performance conditions, the amounts reflect the full grant date fair value of the awards based upon the probable outcome of the performance conditions.  Certain assumptions used in the calculation of the amounts are included in Note 17 of our Notes to Consolidated Financial Statements included in Item 8 of the Annual Report. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | The amounts set forth in this column represent the dollar amount of the cash incentive compensation earned by each of our named executive officers.  For additional information about the terms of the cash incentive compensation program and the calculation of the cash bonuses paid with respect to fiscal 2011, please refer to the discussion under the heading “Elements of Executive Compensation – Cash Incentive Compensation” in the Compensation Discussion and Analysis section above. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4)   | We do not sponsor any pension plans on behalf of our named executive officers or other management personnel.  In addition, none of our named executive officers have realized any above-market earnings on nonqualified deferred compensation. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5)   | The amounts set forth in this column represent the dollar amount of compensation earned by each of our named executive officers which is not reported in any of the columns of this Summary Compensation Table to the left of this column.  Please refer to the All Other Compensation Table below for additional information about the amounts disclosed in this column for fiscal 2011. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6)   | This amount represents the base salary earned by each of our named executive officers for fiscal 2011, which included one additional week in our fourth quarter. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7)   | Mr. Starke was not a named executive officer for fiscal 2009.  In accordance with SEC rules, the compensation earned by Mr. Starke for fiscal 2009 has been excluded from this Summary Compensation Table. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Name              |   | Perquisites($)(1) |   |   | Trip Awards($) |   |    | Insurance Premiums($)(2) |   |   | Company Matching Contributions to ESPP($)(3) |   |   | Dividends on Outstanding Stock Awards($)(4) |    |   | Total($)(5) |   |
|-------------------|--------|-------------------|--------|--------|----------------|--------|---------|--------------------------|--------|--------|----------------------------------------------|--------|--------|---------------------------------------------|---------|--------|-------------|--------|
| Andrew F. Puzder  |   |              | 71,246 |   |           |   | 3,424   |                     |   |   | 17,712                                       |   |   |                                        | 176,989 |   |        |   | 38,979 |   |   |   | 308,350 |   |
| E. Michael Murphy |   |              | 27,630 |   |           |   | — |                     |   |   | 17,712                                       |   |   |                                        | 47,902  |   |        |   | 9,745 |   |   |   | 102,989 |   |
| Theodore Abajian  |   |              | 36,131 |   |           |   | — |                     |   |   | 17,710                                       |   |   |                                        | 72,884  |   |        |   | 9,745 |   |   |   | 136,470 |   |
| Bradford R. Haley |   |              | 15,763 |   |           |   | 3,424   |                     |   |   | 17,168                                       |   |   |                                        | 5,250   |   |        |   | 210 |   |   |   | 41,815 |   |
| Robert J. Starke  |   |              | 14,430 |   |           |   | — |                     |   |   | 8,250                                        |   |   |                                        | 6,000   |   |        |   | 385 |   |   |   | 29,065 |   |

|   |   |
|--------|--------|

| (1)   | The amounts set forth in this column represent the aggregate dollar amount of perquisites earned by each of our named executive officers in fiscal 2011.  The determinations of the particular payments which qualify as “perquisites” were made in accordance with SEC rules.  See the Perquisites Table below for a more detailed explanation of the various perquisites earned by each of our named executive officers, which comprise the aggregate amounts disclosed in this column. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | The amounts set forth in this column represent our contributions for premiums for group life, medical, dental, vision, and long-term disability insurance for each of our named executive officers in fiscal 2011. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | The amounts set forth in this column represent the dollar amount of our contributions to each of our named executive officers under our Predecessor ESPP in fiscal 2011.  The ESPP was terminated on July 12, 2010 upon completion of the Merger. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4)   | The amounts set forth in this column represent the dollar value of dividends paid on unvested stock awards in fiscal 2011 prior to completion of the Merger. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5)   | The amounts set forth in this column represent the sum of each of the columns to the left of this column and are equivalent to the amounts set forth in the “All Other Compensation” column of the Summary Compensation Table above. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Name              |   | Car Allowance($) |   |   | Wireless Payments($) |   |   | Personal Use ofCompany Aircraft($)(1) |   |   | Reimbursements for Medical and Dental Cost($) |   |   | Tax/FinancialPlanning Assistance($) |   |   | Club Membershipsand Dues($) |   |    | Total Perquisites($)(2) |   |
|-------------------|--------|------------------|--------|--------|----------------------|--------|--------|---------------------------------------|--------|--------|-----------------------------------------------|--------|--------|-------------------------------------|--------|--------|-----------------------------|--------|---------|-------------------------|--------|
| Andrew F. Puzder  |   |             | 10,152 |   |                 |   | 4,424  |                                  |   |   | 20,827                                        |   |   |                                | 29,825 |   |                        |   | 5,532   |                    |   |   | 486 |   |   |   | 71,246 |   |
| E. Michael Murphy |   |             | 10,152 |   |                 |   | 2,666  |                                  |   |   | 5,032                                         |   |   |                                | 6,774  |   |                        |   | — |                    |   |   | 3,006 |   |   |   | 27,630 |   |
| Theodore Abajian  |   |             | 10,009 |   |                 |   | 2,405  |                                  |   |   | —                                       |   |   |                                | 16,574 |   |                        |   | — |                    |   |   | 7,143 |   |   |   | 36,131 |   |
| Bradford R. Haley |   |             | 3,415  |   |                 |   | 2,348  |                                  |   |   | —                                       |   |   |                                | 5,000  |   |                        |   | 5,000   |                    |   |   | — |   |   |   | 15,763 |   |
| Robert J. Starke  |   |             | 191    |   |                 |   | 4,834  |                                  |   |   | —                                       |   |   |                                | 9,085  |   |                        |   | 320     |                    |   |   | — |   |   |   | 14,430 |   |

|   |   |
|--------|--------|

| (1)   | The amounts set forth in this column represent the incremental cost to us from the personal use of our aircraft by each of our named executive officers, and were calculated in accordance with SEC rules. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | The amounts set forth in this column for each of our named executive officers represent the sum of each of the columns to the left of this column and are equivalent to the amounts set forth in the “Perquisites” column of the All Other Compensation Table above. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|              |   |          |   |   |          |   |   | Estimated Future Payouts UnderNon-Equity Incentive Plan Awards(1) |    |   | Estimated Future Payouts UnderEquity Incentive Plan Awards(2) |   |      | All Other Stock Awards: Number of Securities Underlying Options(#) |   |   | All Other Unit Awards: Number of Units(#)(3) |   |   | Exercise or Base Price of Option Awards($/Sh) |    |   | Grant Date Fair Value of Unit Awards($)(4) |   |
|-------------------|--------|---------------|--------|--------|---------------|--------|--------|-------------------------------------------------------------------|---------|--------|---------------------------------------------------------------|--------|-----------|--------------------------------------------------------------------|--------|--------|----------------------------------------------|--------|--------|-----------------------------------------------|---------|--------|--------------------------------------------|--------|
| Name              |   | GrantDate     |   |   | Approval Date |   |   | Threshold($)                                                      |    |   | Target($)                                                     |   |      | Maximum($)                                                         |   |   | Threshold(#)                                 |   |   | Target(#)                                     |    |   | Maximum(#)                                 |   |   |   |   |   |   |   |   |   |
| Andrew F. Puzder  |   |  — |   |   |  — |   |   |                                                              | 545,289 |   |                                                          |   | 1,090,577 |                                                               |   |   | 2,726,443                                    |   |   |                                          | — |   |                                       |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
|              |   | 7/12/2010     |   |   | 7/12/2010     |   |   |                                                              | — |   |                                                          |   | —   |                                                               |   |   | —                                      |   |   |                                          | 500,833 |   |                                       |   | 1,001,666 |   |   |   | 1,001,666 |   |   |   | — |   |   |   | 1,001,667 |   |   |   | — |   |   |   | 7,041,715 |   |
| E. Michael Murphy |   |  — |   |   |  — |   |   |                                                              | 324,498 |   |                                                          |   | 648,996   |                                                               |   |   | 1,427,791                                    |   |   |                                          | — |   |                                       |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
|              |   | 7/12/2010     |   |   | 7/12/2010     |   |   |                                                              | — |   |                                                          |   | —   |                                                               |   |   | —                                      |   |   |                                          | 165,901 |   |                                       |   | 331,802 |   |   |   | 331,802 |   |   |   | — |   |   |   | 331,802 |   |   |   | — |   |   |   | 2,332,568 |   |
| Theodore Abajian  |   |  — |   |   |  — |   |   |                                                              | 254,808 |   |                                                          |   | 509,615   |                                                               |   |   | 1,019,231                                    |   |   |                                          | — |   |                                       |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
|              |   | 7/12/2010     |   |   | 7/12/2010     |   |   |                                                              | — |   |                                                          |   | —   |                                                               |   |   | —                                      |   |   |                                          | 165,901 |   |                                       |   | 331,802 |   |   |   | 331,802 |   |   |   | — |   |   |   | 331,802 |   |   |   | — |   |   |   | 2,332,568 |   |
| Bradford R. Haley |   |  — |   |   |  — |   |   |                                                              | — |   |                                                          |   | —   |                                                               |   |   | —                                      |   |   |                                          | — |   |                                       |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
|              |   | 7/12/2010     |   |   | 7/12/2010     |   |   |                                                              |    |   |                                                          |   |      |                                                               |   |   |                                         |   |   |                                          | 43,823  |   |                                       |   | 87,645 |   |   |   | 87,645 |   |   |   | — |   |   |   | 87,645 |   |   |   | — |   |   |   | 616,144 |   |
| Robert J. Starke  |   |  — |   |   |  — |   |   |                                                              | — |   |                                                          |   | —   |                                                               |   |   | —                                      |   |   |                                          | — |   |                                       |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
|              |   | 7/12/2010     |   |   | 7/12/2010     |   |   |                                                              | — |   |                                                          |   | —   |                                                               |   |   | —                                      |   |   |                                          | 43,823  |   |                                       |   | 87,645 |   |   |   | 87,645 |   |   |   | — |   |   |   | 87,645 |   |   |   | — |   |   |   | 616,144 |   |

|   |   |
|--------|--------|

| (1)   | The “Threshold,” “Target” and “Maximum” amounts of non-equity incentive plan awards set forth in these columns are derived from the terms of the employment agreements entered into by and between us and each of Messrs. Puzder, Murphy and Abajian.  Additional information regarding the employment agreements for each of these named executive officers, including the calculation of the potential cash bonus payments set forth in these columns, as well as the determination of the actual cash bonuses paid to these named executive officers with respect to fiscal 2011, is set forth under the heading “Executive Compensation Elements – Cash Incentive Compensation” in the Compensation Discussion and Analysis section above.  Messrs. Starke and Haley are not eligible to receive cash incentive compensation under their respective employment agreements, but are eligible to receive discretionary bonuses as disclosed in the Summary Compensation Table above. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | The “Threshold” and “Target” amounts of equity incentive plan awards set forth in these columns represent the number of Performance Vesting Units outstanding under the Partnership Agreement.  Additional information regarding the Performance Vesting Units, including the vesting of such awards, is set forth under the heading “Executive Compensation Elements – Equity Incentive Compensation” in the Compensation Discussion and Analysis section above. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | The amounts set forth in this column represent the number of Time Vesting Units that are outstanding under the Partnership Agreement.  The Time Vesting Units vest in four equal annual installments from the date of grant. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4)   | This column sets forth the grant date fair value of the Performance Vesting Units and Time Vesting Units that we expense in our financial statements over the respective vesting periods in accordance with the authoritative accounting guidance.  This amount is equal to the number of Class B Units (Performance Vesting Units and Time Vesting Units) multiplied by the grant date fair value on the date of grant.  The grant date fair value of the Class B Units was estimated using the Black-Scholes valuation.  Assumptions used in the calculation of these amounts are included in Note 17 of our Notes to Consolidated Financial Statements included in Item 8 of the Annual Report. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Name              |   | Number of Securities Underlying Unexercised Options(#) Exercisable |    |   | Number of Securities Underlying Unexercised Options(#)Unexercisable |   |    | Option Exercise Price($) |   |   | Option Expiration Date |   |   | Number of Shares or Units of Stock That Have Not Vested(#)(1) |    |   | Market Value of Shares or Units of Stock That Have Not Vested($)(2) |   |      | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested(#)(3) |   |   | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested($)(4) |   |
|-------------------|--------|--------------------------------------------------------------------|---------|--------|---------------------------------------------------------------------|--------|---------|--------------------------|--------|--------|------------------------|--------|--------|---------------------------------------------------------------|---------|--------|---------------------------------------------------------------------|--------|-----------|-----------------------------------------------------------------------------------------------------------|--------|--------|---------------------------------------------------------------------------------------------------------------------------|--------|
| Andrew F. Puzder  |   |                                                               | — |   |                                                                |   | — |                     |   |   | —                |   |   |                                                          | — |   |                                                                |   | 1,001,667 |                                                                                                      |   |   | 3,520,860                                                                                                                 |   |   |   | 1,001,666 |   |   |   | 3,520,856 |   |
| E. Michael Murphy |   |                                                               | — |   |                                                                |   | — |                     |   |   | —                |   |   |                                                          | — |   |                                                                |   | 331,802   |                                                                                                      |   |   | 1,166,284                                                                                                                 |   |   |   | 331,802 |   |   |   | 1,166,284 |   |
| Theodore Abajian  |   |                                                               | — |   |                                                                |   | — |                     |   |   | —                |   |   |                                                          | — |   |                                                                |   | 331,802   |                                                                                                      |   |   | 1,166,284                                                                                                                 |   |   |   | 331,802 |   |   |   | 1,166,284 |   |
| Bradford R. Haley |   |                                                               | — |   |                                                                |   | — |                     |   |   | —                |   |   |                                                          | — |   |                                                                |   | 87,645    |                                                                                                      |   |   | 308,072                                                                                                                   |   |   |   | 87,645 |   |   |   | 308,072 |   |
| Robert J. Starke  |   |                                                               | — |   |                                                                |   | — |                     |   |   | —                |   |   |                                                          | — |   |                                                                |   | 87,645    |                                                                                                      |   |   | 308,072                                                                                                                   |   |   |   | 87,645 |   |   |   | 308,072 |   |

|   |   |
|--------|--------|

| (1)   | The amounts set forth in this column represent the number of Time Vesting Units that were granted to our named executive officers pursuant to the Partnership Agreement, but which have not vested as of January 31, 2011.  Additional information regarding the Time Vesting Units, including the vesting of such awards, is set forth under the heading “Executive Compensation Elements – Equity Incentive Compensation” in the Compensation Discussion and Analysis section above. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | The amounts set forth in this column represent the value of the Time Vesting Units, which have not vested as of January 31, 2011, calculated by multiplying the number of Time Vesting Units by the grant date fair value of $3.52 per unit. The actual value of the Time Vesting Units as of any relevant valuation date could be significantly higher or lower than the per unit value we have assumed for purposes of preparing this table. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | The amounts set forth in this column represent the number of Performance Vesting Units that were granted to our named executive officers pursuant to the Partnership Agreement but which have not vested as of January 31, 2011.  Additional information regarding the Performance Vesting Units, including the vesting of such awards, is set forth under the heading “Executive Compensation Elements – Equity Incentive Compensation” in the Compensation Discussion and Analysis section above. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4)   | The amounts set forth in this column represent the value of the Performance Vesting Units, which have not vested as of January 31, 2011, calculated by multiplying the number of Performance Vesting Units by the grant date fair value of $3.52 per unit. The actual value of the Performance Vesting Units as of any relevant valuation date could be significantly higher or lower than the per unit value we have assumed for purposes of preparing this table. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|              |   | Option Awards                               |    |   | Stock Awards                     |   |
|-------------------|--------|---------------------------------------------|---------|--------|----------------------------------|--------|
| Name              |   | Number of Shares Acquired on Exercise(#)(1) |    |   | Value Realized on Exercise($)(1) |   |   | Number of Shares Acquired on Vesting(#)(2) |   |   | Value Realized on Vesting($)(2) |   |
| Andrew F. Puzder  |   |                                        | 412,275 |   |                             |   | 1,465,051 |   |   |   | 479,824 |   |   |   | 6,021,791 |   |
| E. Michael Murphy |   |                                        | 146,000 |   |                             |   | 869,625 |   |   |   | 119,956 |   |   |   | 1,505,448 |   |
| Theodore Abajian  |   |                                        | 162,987 |   |                             |   | 1,208,667 |   |   |   | 119,956 |   |   |   | 1,505,448 |   |
| Bradford R. Haley |   |                                        | 150,000 |   |                             |   | 708,950 |   |   |   | 3,499 |   |   |   | 43,912 |   |
| Robert J. Starke  |   |                                        | 63,333  |   |                             |   | 198,000 |   |   |   | 3,499 |   |   |   | 43,912 |   |

|   |   |
|--------|--------|

| (1)   | All of the option award exercises during fiscal 2011 occurred in connection with the Merger.  In accordance with the terms of the Merger Agreement, all options outstanding on July 12, 2010 became fully vested and exercisable immediately prior to the closing of the Merger.  The value realized on exercise was determined by subtracting the exercise price of each of the options from the closing price of $12.55 per share of common stock, and then multiplying that result by the number of shares underlying each of the options. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | All of the stock awards that vested during fiscal 2011 occurred in connection with the Merger. In accordance with the terms of the Merger Agreement, the vesting of all outstanding restricted stock awards was accelerated immediately prior to the closing of the Merger. The value realized on vesting was determined by multiplying the number of shares acquired upon vesting by the closing price of $12.55 per share of common stock pursuant to the Merger Agreement. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Name                                             |   | Salary($)(1) |      |   | Other Cash Payments($)(2) |   |      | Accelerated Vesting of Outstanding Units($)(3) |   |   | Accelerated Vesting of Outstanding Option Awards($) |   |   | Accelerated Vesting of Contractually Obligated Restricted Stock Awards($) |    |   | Other Benefits($)(4) |   |    | Excise Tax(including gross-up)($)(5) |   |
|--------------------------------------------------|--------|--------------|-----------|--------|---------------------------|--------|-----------|------------------------------------------------|--------|--------|-----------------------------------------------------|--------|--------|---------------------------------------------------------------------------|---------|--------|----------------------|--------|---------|--------------------------------------|--------|
| Andrew F. Puzder                                 |   |         |      |   |                      |   |      |                                           |   |   |                                                |   |   |                                                                      |    |   |                 |   |    |                                 |   |
| Retirement, Resignation or Voluntary Termination |   |         | —   |   |                      |   | —   |                                           |   |   | —                                             |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | — |   |   |   | — |   |
| Termination by the Company for Cause             |   |         | —   |   |                      |   | —   |                                           |   |   | —                                             |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | — |   |   |   | — |   |
| Termination by the Executive for Good Reason(6)  |   |         | 6,420,000 |   |                      |   | 1,882,500 |                                           |   |   | —                                             |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | 61,992 |   |   |   | 1,000,000 |   |
| Termination by the Company Without Cause         |   |         | 6,420,000 |   |                      |   | 1,882,500 |                                           |   |   | —                                             |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | 61,992 |   |   |   | 1,000,000 |   |
| Termination Upon a Change of Control(6)          |   |         | 6,420,000 |   |                      |   | 1,882,500 |                                           |   |   | 3,520,860                                           | (8)    |   |                                                                      | — |   |                 |   | — |                                 |   |   | 61,992 |   |   |   | 1,000,000 |   |
| Termination Upon Death or Disability(7)          |   |         | 1,070,000 |   |                      |   | —   |                                           |   |   | 880,216                                             |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | — |   |   |   | — |   |
| E. Michael Murphy                                |   |         |      |   |                      |   |      |                                           |   |   |                                                |   |   |                                                                      |    |   |                 |   |    |                                 |   |   |   |   |   |   |   |   |
| Retirement, Resignation or Voluntary Termination |   |         | —   |   |                      |   | —   |                                           |   |   | —                                             |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | — |   |   |   | — |   |
| Termination by the Company for Cause             |   |         | —   |   |                      |   | —   |                                           |   |   | —                                             |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | — |   |   |   | — |   |
| Termination by the Executive for Good Reason(6)  |   |         | 1,910,250 |   |                      |   | 1,390,809 |                                           |   |   | —                                             |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | 61,992 |   |   |   | — |   |
| Termination by the Company Without Cause         |   |         | 1,910,250 |   |                      |   | 1,390,809 |                                           |   |   | —                                             |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | 61,992 |   |   |   | — |   |
| Termination Upon a Change of Control(6)          |   |         | 1,910,250 |   |                      |   | 1,390,809 |                                           |   |   | 1,166,284                                           | (8)    |   |                                                                      | — |   |                 |   | — |                                 |   |   | 61,992 |   |   |   | — |   |
| Termination Upon Death or Disability(7)          |   |         | 636,750   |   |                      |   | —   |                                           |   |   | 291,573                                             |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | — |   |   |   | — |   |

----

| Name                                             |   | Salary($)(1) |      |   | Other Cash Payments($)(2) |   |      | Accelerated Vesting of Outstanding Units($)(3) |   |   | Accelerated Vesting of Outstanding Option Awards($) |   |   | Accelerated Vesting of Contractually Obligated Restricted Stock Awards($) |    |   | Other Benefits($)(4) |   |    | Excise Tax(including gross-up)($)(5) |   |
|--------------------------------------------------|--------|--------------|-----------|--------|---------------------------|--------|-----------|------------------------------------------------|--------|--------|-----------------------------------------------------|--------|--------|---------------------------------------------------------------------------|---------|--------|----------------------|--------|---------|--------------------------------------|--------|
| Theodore Abajian                                 |   |         |      |   |                      |   |      |                                           |   |   |                                                |   |   |                                                                      |    |   |                 |   |    |                                 |   |
| Retirement, Resignation or Voluntary Termination |   |         | —   |   |                      |   | —   |                                           |   |   | —                                             |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | — |   |   |   | — |   |
| Termination by the Company for Cause             |   |         | —   |   |                      |   | —   |                                           |   |   | —                                             |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | — |   |   |   | — |   |
| Termination by the Executive for Good Reason(6)  |   |         | 1,500,000 |   |                      |   | 1,152,557 |                                           |   |   | —                                             |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | 61,985 |   |   |   | — |   |
| Termination by the Company Without Cause         |   |         | 1,500,000 |   |                      |   | 1,152,557 |                                           |   |   | —                                             |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | 61,985 |   |   |   | — |   |
| Termination Upon a Change of Control(6)          |   |         | 1,500,000 |   |                      |   | 1,152,557 |                                           |   |   | 1,166,284                                           | (8)    |   |                                                                      | — |   |                 |   | — |                                 |   |   | 61,985 |   |   |   | — |   |
| Termination Upon Death or Disability(7)          |   |         | 500,000   |   |                      |   | —   |                                           |   |   | 291,573                                             |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | — |   |   |   | — |   |
| Bradford R. Haley                                |   |         |      |   |                      |   |      |                                           |   |   |                                                |   |   |                                                                      |    |   |                 |   |    |                                 |   |   |   |   |   |   |   |   |
| Retirement, Resignation or Voluntary Termination |   |         | —   |   |                      |   | —   |                                           |   |   | —                                             |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | — |   |   |   | — |   |
| Termination by the Company for Cause             |   |         | —   |   |                      |   | —   |                                           |   |   | —                                             |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | — |   |   |   | — |   |
| Termination by the Executive for Good Reason     |   |         | —   |   |                      |   | —   |                                           |   |   | —                                             |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | — |   |   |   | — |   |
| Termination by the Company Without Cause         |   |         | 1,050,036 |   |                      |   | —   |                                           |   |   | —                                             |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | 50,789 |   |   |   | — |   |
| Termination Upon a Change of Control             |   |         | —   |   |                      |   | —   |                                           |   |   | 308,072                                             | (8)    |   |                                                                      | — |   |                 |   | — |                                 |   |   | — |   |   |   | — |   |
| Termination Upon Death or Disability(7)          |   |         | 350,012   |   |                      |   | —   |                                           |   |   | 77,021                                              |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | — |   |   |   | — |   |
| Robert J. Starke                                 |   |         |      |   |                      |   |      |                                           |   |   |                                                |   |   |                                                                      |    |   |                 |   |    |                                 |   |   |   |   |   |   |   |   |
| Retirement, Resignation or Voluntary Termination |   |         | —   |   |                      |   | —   |                                           |   |   | —                                             |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | — |   |   |   | — |   |
| Termination by the Company for Cause             |   |         | —   |   |                      |   | —   |                                           |   |   | —                                             |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | — |   |   |   | — |   |
| Termination by the Executive for Good Reason     |   |         | —   |   |                      |   | —   |                                           |   |   | —                                             |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | — |   |   |   | — |   |
| Termination by the Company Without Cause         |   |         | 975,000   |   |                      |   | —   |                                           |   |   | —                                             |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | 24,406 |   |   |   | — |   |
| Termination Upon a Change of Control             |   |         | —   |   |                      |   | —   |                                           |   |   | 308,072                                             | (8)    |   |                                                                      | — |   |                 |   | — |                                 |   |   | — |   |   |   | — |   |
| Termination Upon Death or Disability(7)          |   |         | 325,000   |   |                      |   | —   |                                           |   |   | 77,021                                              |   |   |                                                                      | — |   |                 |   | — |                                 |   |   | — |   |   |   | — |   |

|   |   |
|--------|--------|

| (1)   | In the event of a termination under specified circumstances as detailed in their respective employment agreements, Mr. Puzder is entitled to a severance amount equal to his base annual salary in effect as of the date of termination multiplied by the number six and each of Messrs. Murphy, Abajian, Haley and Starke are entitled to a severance amount equal to such officer's base annual salary in effect as of the date of termination multiplied by the number three. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | In the event of a termination under specified circumstances, as detailed in their respective employment agreements, Messrs. Puzder, Murphy and Abajian are entitled to receive 50% of any unpaid special retention bonus.  Additionally, Messrs. Murphy and Abajian are entitled, pursuant to the terms of their respective employment agreements, to receive the annual cash bonus that would have been paid to the executive in respect of the fiscal year in which the employee’s termination of employment occurs. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | The amounts set forth in this column represent the value which would be realized by each of our named executive officers upon the accelerated vesting of unvested Class B Units.  These amounts have been calculated using the grant date fair value of the Class B Units, which was $3.52, multiplied by the number of unvested Class B Units held by each named executive officer on that date.  The actual value of the Class B Units as of any relevant valuation date could be significantly higher or lower than the per unit value we have assumed for purposes of preparing this table.  As a result, the aggregate value that may be realized by our named executive officers with respect to the accelerated vesting of Class B Units held by them could be significantly different from the amounts included in the table. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4)   | Each of our named executive officers are entitled to the continuation of the various employee benefit plans and programs under which they were entitled to participate prior to termination in the event of a termination of their employment under specified circumstances, as detailed in their respective employment agreements.  Each of Messrs. Puzder, Murphy and Abajian are entitled to continued participation until the end of their employment term, which is through July 12, 2014, based upon the employment agreements in effect as of January 31, 2011.  Each of Messrs. Haley and Starke are entitled to continued participation until December 31 of the second calendar year following the calendar year in which the termination occurred (or December 31, 2013, assuming a January 31, 2011 termination date).  The amounts set forth in this column are estimates of the benefit payments to be made on each named executive officer’s behalf in connection with his termination, assuming that the cost to us of providing his current benefits remains the same. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5)   | We are not obligated to make any excise tax payments or related tax gross up payments on behalf of any of our named executive officers except for Mr. Puzder.  If and to the extent that any payment to Mr. Puzder upon a termination upon a change of control would constitute an “excess parachute payment,” then Mr. Puzder shall be entitled to receive an excise tax gross-up payment not exceeding $1,000,000, in accordance with the provisions of his Employment Agreement. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (6)   | Each of Messrs. Puzder, Murphy and Abajian are entitled to receive certain payments and benefits upon a termination of their respective employment agreements for “Good Reason.”  “Good Reason” is defined in Mr. Puzder’s Employment Agreement to include the following events, without the Employee’s consent, (i) a material failure by the Company to pay any compensation owed to the Employee, (ii) a material reduction in the Employee’s base salary or target bonus percentage, (iii) a material diminution in the Employee’s responsibilities or authority, (iv) a relocation of the Employee’s principal place of employment outside the city limits of either Carpinteria or Santa Barbara, California, or (v) the occurrence of a change of control.  “Good Reason” is defined in the employment agreements for Messrs. Murphy and Abajian to include the following events, without the Employee’s consent, (i) a material failure by the Company to pay any compensation owed to the Employee, (ii) a material reduction in the Employee’s base salary or target bonus percentage, (iii) a material diminution in the Employee’s responsibilities or authority, or (iv) the voluntary resignation of Mr.  Puzder as Chief Executive Officer during the period between 90 and 365 days following the occurrence of a change of control.  Additional information regarding the payments and benefits to be received by our named executive officers upon a termination of their employment for “Good Reason” (including, in some cases, relating to a change of control) is discussed under the heading "Employment Agreements" in the Compensation Discussion and Analysis section of this Amendment. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7)   | In the event a named executive officer’s employment is terminated due to his death or disability, he (or his successors) would be entitled to continue to receive the base salary in effect as of the date of the death or disability for a period of one year.  Additionally, in the event of the death or disability of one of our named executive officers, the number of Time Vesting Units that would vest during the one year period following the termination of employment on account of such death or disability shall be treated as vested Class B Units and any unvested Performance Vesting Units shall remain outstanding for the one year period following such termination on account of such death or disability. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (8)   | The amounts represent the minimum value that would accrue to each of our named executive officers from the vesting of Time Vesting Units upon a change of control as detailed in the Partnership Agreement.  Each of our named executive officers have the opportunity for additional value to accrue to them  from the vesting of Performance Vesting Units upon the occurrence of a change of control, however, certain criteria must be satisfied as detailed in the Partnership Agreement. Additional information regarding the vesting of the Time Vesting Units and the Performance Vesting Units upon the occurrence of a change of control is discussed under the heading "Severance and Change of Control Arrangements" in the Compensation Discussion and Analysis section of this Amendment and in the Partnership Agreement. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Name                    |   | Fees Earned orPaid in Cash($) |    |   | Unit Awards(1)(2)($) |   |    | Option Awards($) |   |   | Non-Equity Incentive Plan Compensation($) |   |   | Change in Pension Value and Nonqualified Deferred Compensation Earnings($) |    |   | All Other Compensation($) |   |    | Total($) |   |
|-------------------------|--------|-------------------------------|---------|--------|----------------------|--------|---------|------------------|--------|--------|-------------------------------------------|--------|--------|----------------------------------------------------------------------------|---------|--------|---------------------------|--------|---------|----------|--------|
| Peter P. Copses(3)      |   |                          | 35,000  |   |                 |   | — |             |   |   | —                                   |   |   |                                                                       | — |   |                      |   | — |     |   |   | — |   |   |   | 35,000 |   |
| Robert J. DiNicola      |   |                          | 31,000  |   |                 |   | 70,300  |             |   |   | —                                   |   |   |                                                                       | — |   |                      |   | — |     |   |   | — |   |   |   | 101,300 |   |
| George G. Golleher      |   |                          | 30,000  |   |                 |   | 70,300  |             |   |   | —                                   |   |   |                                                                       | — |   |                      |   | — |     |   |   | — |   |   |   | 100,300 |   |
| Lance A. Milken(3)      |   |                          | 35,000  |   |                 |   | — |             |   |   | —                                   |   |   |                                                                       | — |   |                      |   | — |     |   |   | — |   |   |   | 35,000 |   |
| Daniel E. Ponder Jr.(4) |   |                          | 50,500  |   |                 |   | 70,300  |             |   |   | —                                   |   |   |                                                                       | — |   |                      |   | — |     |   |   | — |   |   |   | 120,800 |   |
| Jerold H. Rubinstein(4) |   |                          | 107,250 |   |                 |   | 70,300  |             |   |   | —                                   |   |   |                                                                       | — |   |                      |   | — |     |   |   | — |   |   |   | 177,550 |   |
| C. Tom Thompson         |   |                          | 30,000  |   |                 |   | 70,300  |             |   |   | —                                   |   |   |                                                                       | — |   |                      |   | — |     |   |   | — |   |   |   | 100,300 |   |

|   |   |
|--------|--------|

| (1)   | The amounts set forth in this column reflect the full grant date fair value of the Class B Units granted to each of our non-management directors calculated in accordance with the authoritative accounting guidance.  Assumptions used in the calculation of the amounts are included in Note 17 of our Notes to Consolidated Financial included in Item 8 of the Annual Report. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | The table below sets forth the number of Time Vesting Units granted to each of our non-management directors in fiscal 2011 and the aggregate number of Time Vesting Units held by each our non-management directors as of the last day of fiscal 2011.  All Time Vesting Units granted in fiscal 2011 vest in equal increments over a four-year period from the date of grant. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Name                                                                                                                                                                                                                                                                                                                                                                        |   | Unit Awards Granted inFiscal 2011 |    |   | Unit AwardsOutstanding at theEnd of Fiscal 2011 |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|---------|--------|-------------------------------------------------|--------|
| Peter P. Copses                                                                |   |                              | — |   |                                            |   | — |   |
| Robert J. DiNicola                                                             |   |                              | 20,000  |   |                                            |   | 20,000 |   |
| George G. Golleher                                                             |   |                              | 20,000  |   |                                            |   | 20,000 |   |
| Lance A. Milken                                                                |   |                              | — |   |                                            |   | — |   |
| Daniel E. Ponder, Jr.                                                          |   |                              | 20,000  |   |                                            |   | 20,000 |   |
| Jerold H. Rubinstein                                                           |   |                              | 20,000  |   |                                            |   | 20,000 |   |
| C. Thomas Thompson                                                             |   |                              | 20,000  |   |                                            |   | 20,000 |   |

| (3)   | Fees earned or paid to Peter P. Copses and Lance A. Milken for their services as directors were paid to affiliates of Apollo. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------|

| (4)   | The amounts set forth in this table represent compensation earned by our non-management directors for services performed on both our Predecessor board of directors and Successor board of directors. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Name                                                                                                                                                                |   | Fees Earned orPaid in Cash($) |   |   | Stock Awards($) |   |    | Option Awards($) |   |   | Non-Equity Incentive Plan Compensation($) |   |   | Change in Pension Value and Nonqualified Deferred Compensation Earnings($) |    |   | All Other Compensation($) |   |    | Total($) |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------|--------|--------|-----------------|--------|---------|------------------|--------|--------|-------------------------------------------|--------|--------|----------------------------------------------------------------------------|---------|--------|---------------------------|--------|---------|----------|--------|
| Byron Allumbaugh                                                                                                                                                    |   |                          | 85,750 |   |            |   | — |             |   |   | —                                   |   |   |                                                                       | — |   |                      |   | — |     |   |   | — |   |   |   | 85,750 |   |
| Frank P. Willey                                                                                                                                                     |   |                          | 79,500 |   |            |   | — |             |   |   | —                                   |   |   |                                                                       | — |   |                      |   | — |     |   |   | — |   |   |   | 79,500 |   |
| Matthew Goldfarb                                                                                                                                                    |   |                          | 20,500 |   |            |   | — |             |   |   | —                                   |   |   |                                                                       | — |   |                      |   | — |     |   |   | — |   |   |   | 20,500 |   |
| Peter Churm                            |   |                          | 31,250 |   |            |   | — |             |   |   | —                                   |   |   |                                                                       | — |   |                      |   | — |     |   |   | — |   |   |   | 31,250 |   |
| Janet E. Kerr                          |   |                          | 34,250 |   |            |   | — |             |   |   | —                                   |   |   |                                                                       | — |   |                      |   | — |     |   |   | — |   |   |   | 34,250 |   |
| Daniel D. (Ron) Lane                                                                                                                                                |   |                          | 20,500 |   |            |   | — |             |   |   | —                                   |   |   |                                                                       | — |   |                      |   | — |     |   |   | — |   |   |   | 20,500 |   |
| Carl L. Karcher                                                                                                                                                     |   |                          | 20,500 |   |            |   | — |             |   |   | —                                   |   |   |                                                                       | — |   |                      |   | — |     |   |   | — |   |   |   | 20,500 |   |

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ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

| Name                             |   | Beneficial Ownership Percentage (1) |    |
|---------------------------------------|--------|-------------------------------------|---------|
| Apollo Fund VII(1)                    |   |                                | 100     | % |
| Andrew F. Puzder(2)                   |   |                                | — |   |
| E. Michael Murphy(2)                  |   |                                | — |   |
| Theodore Abajian(2)                   |   |                                | — |   |
| Bradford R. Haley(2)                  |   |                                | — |   |
| Robert J. Starke(2)                   |   |                                | — |   |
| Peter P. Copses(3)                    |   |                                | — |   |
| Robert J. DiNicola(2)                 |   |                                | — |   |
| George G. Golleher(2)                 |   |                                | — |   |
| Lance A. Milken(3)                    |   |                                | — |   |
| Daniel E. Ponder, Jr.(2)              |   |                                | — |   |
| Jerold H. Rubinstein(2)               |   |                                | — |   |
| C. Thomas Thompson(2)                 |   |                                | — |   |
| All officers and directors as a group |   |                                | — |   |

|   |   |
|--------|--------|

| (1)   | See the introductory paragraph of this section for an explanation of the beneficial ownership of our shares of common stock by Apollo Fund VII. Apollo Fund VII disclaims beneficial ownership of any such shares except to the extent of any pecuniary interest therein. The address of Apollo Fund VII is c/o Apollo Management, L.P., 9 West 57th Street, New York, New York 10019. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | The address for each of Messrs. Puzder, Murphy, Abajian, Haley, Starke, DiNicola, Golleher, Ponder, Rubinstein and Thompson is c/o CKE Restaurants, Inc., 6307 Carpinteria Avenue, Suite A, Carpinteria, California, 93013.  Messrs. Puzder, Murphy, Abajian, Haley, Starke, DiNicola and Golleher own the following Class A Units: 674,000, 152,500, 220,000, 40,000, 8,200, 25,000 and 50,000, respectively.  Messrs. DiNicola and Golleher own 25,000 and 50,000 Class B Units, respectively.   In addition, the following Time Vesting Units for Messrs. Puzder, Murphy, Abajian, Haley, Starke, DiNicola and Golleher are expected to vest within 60 days of May 20, 2011: 250,417, 82,951, 82,951, 21,912, 21,912, 5,000 and 5,000, respectively. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | Messrs. Copses and Milken are both associated with Apollo and its affiliated investment managers, however, each expressly disclaims beneficial ownership of the shares of our common stock that may be deemed beneficially owned by Apollo Fund VII or any other Apollo affiliate, except to the extent of any pecuniary interest therein. The address of Messrs. Copses and Milken is c/o Apollo Management, L.P., 9 West 57th Street, New York, New York 10019. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

----

----

----

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ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

| Fee Category       |   | Fiscal2011Fees |      |   | Fiscal2010Fees |   |      | Percentage of Services Approved byAudit Committee |   |
|--------------------|--------|----------------|-----------|--------|----------------|--------|-----------|---------------------------------------------------|--------|
| Audit fees         |   | $              | 1,837,500 |   |           | $      | 1,230,350 |                                              |   |   | 100 | % |
| Audit-related fees |   |           | 279,521   |   |           |   | 13,000    |                                              |   |   | 100 | % |
| Tax fees           |   |           | 32,188    |   |           |   | 60,130    |                                              |   |   | 100 | % |
| All other fees     |   |           | 1,500     |   |           |   | 1,500     |                                              |   |   | 100 | % |
| Total fees         |   | $              | 2,150,709 |   |           | $      | 1,304,980 |                                              |   |   | 100 | % |

----

| 1.   | Audit-related services include assurance and related services provided by the independent registered public accounting firm that are reasonably related to the performance of the audit or review of our financial statements and are not included under audit fees. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | Tax services include all services performed by the independent registered public accounting firm’s tax personnel, except those services specifically related to the audit of the financial statements. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | Other fees are those associated with services not captured in the other categories. |
|----------------|-------------------------------------------------------------------------------------|

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ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

| Exhibit No. |   | Description                                                                                                           |
|-------------|--------|-----------------------------------------------------------------------------------------------------------------------|
| 31.1        |   | Certification of Chief Executive Officer Pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934. |
| 31.2        |   | Certification of Chief Financial Officer Pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934. |

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SIGNATURES

|               | CKE RESTAURANTS, INC. |                      |
|--------------------|-----------------------|---------------------------|
|               |                  |                      |   |
| Date: May 24, 2011 | By:                   | /s/ ANDREW F. PUZDER |   |
|               |                  | Andrew F. Puzder          |   |
|               |                  | Chief Executive Officer   |   |

| Signature             |   | Title                                                 |   | Date         |
|-----------------------|--------|-------------------------------------------------------|--------|--------------|
|                  |   |                                                  |   |         |
|                  |   |                                                  |   |         |
| /s/ ANDREW F. PUZDER  |   | Chief Executive Officer (Principal Executive Officer) |   | May 24, 2011 |
| Andrew F. Puzder      |   | and Director                                          |   |         |
|                  |   |                                                  |   |         |
| /s/ THEODORE ABAJIAN  |   | Executive Vice President and Chief Financial Officer  |   | May 24, 2011 |
| Theodore Abajian      |   | (Principal Financial Officer)                         |   |         |
|                  |   |                                                  |   |         |
| /s/ REESE STEWART     |   | Senior Vice President and Chief Accounting Officer    |   | May 24, 2011 |
| Reese Stewart         |   | (Principal Accounting Officer)                        |   |         |
|                  |   |                                                  |   |         |
| *                     |   | Chairman of the Board                                 |   | May 24, 2011 |
| Peter P. Copses       |   |                                                  |   |         |
|                  |   |                                                  |   |         |
| *                     |   | Director                                              |   | May 24, 2011 |
| Robert J. DiNicola    |   |                                                  |   |         |
|                  |   |                                                  |   |         |
| *                     |   | Director                                              |   | May 24, 2011 |
| George G. Golleher    |   |                                                  |   |         |
|                  |   |                                                  |   |         |
| *                     |   | Director                                              |   | May 24, 2011 |
| Lance A. Milken       |   |                                                  |   |         |
|                  |   |                                                  |   |         |
| *                     |   | Director                                              |   | May 24, 2011 |
| Daniel E. Ponder, Jr. |   |                                                  |   |         |
|                  |   |                                                  |   |         |
| *                     |   | Director                                              |   | May 24, 2011 |
| Jerold H. Rubinstein  |   |                                                  |   |         |
|                  |   |                                                  |   |         |
| *                     |   | Director                                              |   | May 24, 2011 |
| C. Thomas Thompson    |   |                                                  |   |         |

|  * By: | /s/ ANDREW F. PUZDER |   |
|-------------|----------------------|--------|
|        | Andrew F. Puzder     |   |
|        | As Attorney-in-Fact  |   |

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EXHIBIT INDEX

| Exhibit No. |   | Description                                                                          |
|-------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1        |   | Certification of Chief Executive Officer Pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934.                                                                                                                                                                                                                                                                                                                                             |
| 31.2        |   | Certification of Chief Financial Officer Pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934.                                                                                                                                                                                                                                                                                                                                             |

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