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Offer of Employment   January 31, 2012   Mr. Giorgio Minardi   Via Cavenaghi, 2   Milan   Italy   Dear Giorgio,   On behalf of Dunkin' Brands, Inc. ("Dunkin' Brands" or the "Company"), I am pleased to offer   you the full time position as President of Dunkin' Brands International. As President of Dunkin'   Brands International, you will report directly to Dunkin Brands, Inc.'s Chief Executive Officer,   Nigel Travis. Your start date will be February 13, 2012. Additional details regarding this offer   of employment are outlined below.   Cash Compensation   Base Salary   You will be paid $17,307.69 on a bi-weekly basis, less applicable payroll deductions and   withholdings, in accordance with Dunkin' Brands' standard payroll practices for salaried   employees. This equates to $450,000.00 on an annualized basis. As with other members of the   Leadership Team, your compensation will be reviewed annually beginning in 2013 with the   Compensation Committee of the Board of Directors.   Short-Term Incentive   Beginning in 2012, you will be eligible to participate in the FY-2012 Dunkin' Brands Short-   Term Incentive Plan (STI Plan). Your annual incentive is targeted at 50% of your base salary   earnings. The actual percentage of your Award is discretionary and will be based on the terms of   the STI Plan as they exist at any given time. Those terms generally take into account Company   performance and your individual job performance, including your ability to meet established   goals and objectives. Your participation letter, as well as the Plan Document which governs the   terms of the STI Plan, will be provided to you under separate cover.     





 







Long-Term Incentive   Subject to approval by the Compensation Committee of the Board of Directors of Dunkin'   Brands Group, Inc. ("Dunkin') and any other necessary approvals, you will be granted an   option to purchase 200,000 shares of Dunkin' common stock so long as you remain continuously   employed through the grant date and all applicable vesting dates and criteria. This stock option   award shall be subject to the terms of the applicable Dunkin' incentive compensation plan, the   award agreement evidencing such grant of stock options and all other agreements referenced in   such plan and award agreement. More details regarding this stock option grant will be provided   upon confirmation of the grant by the Compensation Committee.   Benefits   Dunkin' Brands offers a competitive employee benefits program. As an employee of the   Company, you will receive the benefits provided to our employees consistent with the terms of   each particular benefit plan. All cost-sharing for employee benefits is paid through biweekly   payroll deduction. The Dunkin' Brands Benefits Guide, which provides details on our current   benefits programs, is included in this package. The Company reserves the right to modify these   benefits at any time, as it deems necessary.   Insurance   Upon election, medical, dental and/or vision coverage will be effective on the first of the month   following your start date. You will be also be offered disability coverage and various life   insurance programs in accordance with their terms. Enclosed please find details relating to   Dunkin' Brands' insurance benefits.   Retirement   Dunkin' Brands offers the opportunity to participate in a retirement savings plan after three   months of service. An overview of the 401(k) plan is included in the enclosed Benefits Guide.   Deferred Compensation   You will be eligible to participate in the Dunkin' Brands, Inc. Non-Qualified Deferred   Compensation Plan. The plan provides an opportunity for pre-tax savings to assist you in   accumulating assets for planned events during your working life and retirement. Details are   available upon request.   Paid Time Off   Beginning on your start date, you will accrue four weeks of vacation per year. Dunkin' Brands   also offers paid time off for holidays, personal, sick and volunteer time, according to the   applicable Company policy.     





 







Relocation   You will be eligible for relocation assistance to the Canton, MA area pursuant to the Executive   Homeowner Relocation Policy.   Should you voluntarily terminate your employment or if you are terminated for cause within 24   months of your start date, you will be required to repay to Dunkin' Brands any costs or   relocation benefits paid to you or on your behalf. During your first year of employment, all costs   must be repaid in full; during your second year repayment will be made on a prorated basis.   Prior to receiving relocation benefits, you must sign and return the Relocation Repayment   Agreement. Please see the attached summary of relocation benefits and policy details.   New Employee Orientation and Induction   We provide a full orientation and induction program for new employees. Your FIR partner will   be in contact to discuss the details of this orientation.   In advance of your participation in the orientation program, enclosed please find a Summary of   Dunkin' Brands' "Off to a Great Start!" Program.   Proof of Right to Work   Federal immigration laws require us to confirm your eligibility to work (green card information,   etc.) in the United States.   Change in CEO   lf, prior to the first anniversary of your start date, Nigel Travis' employment as CEO of the   Company is terminated for any reason other than death or disability, you, at your sole discretion,   may declare that the Company has terminated your employment without cause thereby entitling   you to Severance as described in this letter, so long as you provide at least four months prior   written notice during which time you shall continue to devote your full time and attention to your   company-related duties   Period of Employment   Your employment with Dunkin' Brands will be at will, meaning that this offer of employment   does not constitute a contract of employment. If employed, you may elect to resign at any time   and Dunkin' Brands may elect to terminate your employment at any time for any reason, with or   without cause or advance notice. This at will employment relationship cannot be changed by any   statement, promise, policy or course of conduct, except by a writing signed by you and an   appropriate Company officer.   Severance    In the event of your separation from service by Dunkin' Brands as a result of a termination by   the Company other than for "cause", you will be eligible for severance equal to 12 months of   your then-current base compensation. Severance is payable in the same manner and at the same   time as Dunkin' Brands' regular payroll, conditioned on the return of a full release of claims by     





 







you. "Cause" means fraud; material neglect (other than as a result of illness or disability) of your   duties to Dunkin' Brands; conduct that is not in the best interest of, or injurious to, Dunkin   Brands; acts of dishonesty in connection with the performance of your duties; or conviction of a   felony or crime involving falsehood or moral turpitude. Without our receipt of the full release of   claims, you will not be entitled to the aforementioned severance.   Entire Agreement   This offer of employment is contingent upon your execution of our non-competition, non-   solicitation and confidentiality agreement which is the same agreement signed by all executive   officers of the Company.   This offer of employment contains all of the terms of your employment with Dunkin' Brands and   supersedes any prior understandings, promises or agreements, whether oral or written, between   you and Dunkin' Brands or anyone acting on its behalf. By signing this offer, you represent and   warrant that your employment with Dunkin' Brands will not violate any agreements, obligations   or understandings that you may have with any third party or prior employer.   We are pleased to offer you this position with Dunkin' Brands. To accept the terms above,   please sign and date this letter and return it to me no later than February 2, 2012.   We look forward to your favorable reply and having you join our team!   Sincerely,   Richard J. Emmett   Senior Vice President, General Counsel   Dunkin' Brands, Inc.   I ACCEPT THE ABOVE OFFER OF/EMPLOYMENT     2-1-231 2   Giorgio ardi Date   cc: Nigel Travis   Jeffrey Krautkramer   Personnel File