For SC TO-T/A, BBQ HOLDINGS INC. Filled by Grill Merger Sub, Inc.

This Amendment No. 4 (this “Amendment”) amends and supplements the Tender Offer
Statement on Schedule TO (as amended and together with any subsequent amendments, modifications and supplements thereto, the “Schedule TO”), filed with the Securities and Exchange Commission on August 24, 2022, by Grill Merger Sub,
Inc. (“Purchaser”), a Minnesota corporation and a wholly owned subsidiary of MTY Franchising USA, Inc. (“MTY”), a Tennessee corporation and a wholly owned subsidiary of MTY Food Group Inc. (“Parent”). The Schedule TO
relates to the tender offer by Purchaser for any and all of the outstanding shares of common stock, par value $0.01 per share (“Shares”), of BBQ Holdings, Inc. (“BBQ Holdings”), at a price of $17.25 per Share, without interest,
net to the seller in cash, and subject to any required withholding of taxes, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated August 24, 2022, a copy of which is attached as Exhibit (a)(1)(A), and in the
related letter of transmittal (the “Letter of Transmittal”, a copy of which is attached as Exhibit (a)(1)(B), and which, together with the Offer to Purchase and other related materials, as each may be amended, modified or supplemented from
time to time, constitutes the “Offer”).

All information in the offer to purchase, which includes Schedule I, are
These are incorporated to the extent that they were made in response to Items 1, 9, and 11 of Schedule TO. This Amendment adds additional information.

These terms, which are capitalized and have not been defined otherwise in this Amendment, shall be interpreted according to the Offer to Buy or similar documents.
The Schedule TO.

Items 1-9 and Item 11

This Offer to Purchase, Items 1-9 and Item 11, of the Schedule TO are subject to change to the extent these Items contain the following information:
These conditions, which are contained in the offer to purchase, may be amended or supplemented as shown below.

“As per schedule, the Offer and Revocation Rights expired.
one minute following 11:59 p.m. (12:00 midnight), New York City Time, on Wednesday, September 21, 2022. The Depositary stated that total 9,724,637 Shares were held (excluding shares for which there was a guarantee of delivery).
Delivered but not delivered Shares) were validly tendered, and have not been validly withdrawn pursuant to the offer. This represents approximately 91.94% the remaining Shares at the Expiration Date. Number of shares validly tender
The Minimum Condition is satisfied if the Shares are not withdrawn in accordance with the Offer. After all conditions have been met or waived, the Purchaser accepts payment. All Shares will be promptly paid in accordance to the Offer.

Purchaser accepted the shares offered in the offer and acquired enough Shares to make the Merger complete without the need for a vote
of the shareholders of the company pursuant to Section 302A.613(4) of the MBCA. Accordingly, BBQ Holdings and Purchaser expect to consummate the Merger on September 27, 2022 pursuant to Section 302A.613(4) of the MBCA. The following is the
Merger Agreement, in the Merger, each Share that is issued and outstanding immediately prior to the Effective Time (other than any Shares (i) owned by BBQ Holdings as treasury stock, (ii) owned by Purchaser or MTY (or their respective
wholly-owned subsidiaries) or that were irrevocably accepted for purchase by Purchaser in the Offer, or (iii) held by BBQ Holdings shareholders who properly asserted dissenters’ rights to obtain payment for the fair value of their Shares
and who did not lose or withdraw their dissenters’ rights under the MBCA) will be converted automatically into the right to receive $17.25 in cash, without interest and less any applicable withholding taxes (which is the same amount per Share
Paid in the Offer After the Merger all shares will be delisted on NASDAQ as well as deregistered under Section 63 of the Exchange Act.

The 26th of September 2022 Parent
The Offer’s expiration date and outcomes were announced in a press release. Attached is the full text of this press release as Exhibit (a),(5)(B).”

For SC TO-T/A, BBQ HOLDINGS INC. Filled by Grill Merger Sub, Inc.

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