Document:

EMPLOYMENT AGREEMENT

 EXHIBIT 10.16 
  
 EMPLOYMENT AGREEMENT 
  
 This Employment Agreement is made as of January 1, 2002, by Domino’s Pizza LLC, a Michigan corporation (the “Company”) with James G.
Stansik (the “Executive”). 
  
 RECITALS

  

	 	1.	The Executive has experience and expertise required by the Company and its Affiliates. 

  

	 	2.	Subject to the terms and conditions hereinafter set forth, the Company therefore wishes to employ the Executive as its Special Assistant to the Chairman and the Executive wishes to
accept such employment. 

  
 AGREEMENT

  
 NOW, THEREFORE, for valid consideration received, the parties
agree as follows: 
  

	 	1.	Employment. Subject to the terms and conditions set forth in this Agreement, the Company offers and the Executive accepts employment hereunder effective as of the date first
set forth above (the “Effective Date”). 

  

	 	2.	Term. This Agreement shall commence on the date hereof and shall remain in effect for an indefinite time until terminated by either party as set forth in Section 5 hereof.

  

	 	3.	Capacity and Performance. 

  
 3.1 Offices. During the Term, the Executive shall serve the Company in the office of Special Assistant to the Chairman. The Executive shall have
such other powers, duties and responsibilities consistent with the Executive’s position as Special Assistant to the Chairman as may from time to time be prescribed by the Chief Executive Officer of the Company (“CEO”). 
  
 3.2 Performance. During the Term, the Executive shall be employed by
the Company on a full-time basis and shall perform and discharge, faithfully, diligently and to the best of his/her ability, his/her duties and responsibilities hereunder. During the Term, the Executive shall devote his/her full business time
exclusively to the advancement of the business and interests of the Company and its Affiliates and to the discharge of his/her duties and responsibilities hereunder. The Executive shall not engage in any other business activity or serve in any
industry, trade, professional, governmental, political, charitable or academic position during the 

 Term of this Agreement, except for such directorships or other positions which he/she currently holds and
has disclosed to the CEO in Exhibit 3.2 hereof and except as otherwise may be approved in advance by the CEO. 
  

	 	4.	Compensation and Benefits. During the Term, as compensation for all services performed by the Executive under this Agreement and subject to performance of the
Executive’s duties and obligations to the Company and its Affiliates, pursuant to this Agreement or otherwise, the Executive shall receive the following: 

  

	 	4.1	Base Salary. The Company shall pay the Executive a base salary at the rate of Two Hundred Twenty Three Thousand Dollars ($223,000) per year, payable in accordance with the
payroll practices of the Company for its executives and subject to such increases as the Board of Directors of the Company or the Compensation Committee (the “Board”) in its sole discretion may determine from time to time (the “Base
Salary”). 

  

	 	4.2	Bonus. 

  
 (a) Formula Bonus. Subject to Section 5 hereof, the Executive shall be paid an annual bonus in each fiscal year that he/she is an employee (the
“Bonus”). The Executive shall have a Bonus target of 100% of Base Salary (the “Target”) which shall be based upon the Company’s achievement of annual targets as recommended by the CEO and approved by the Board. No Bonus
shall be paid unless 90% of the Target is exceeded in the applicable fiscal year. The Executive shall receive one-tenth of one percent (0.1%) of his/her Base Salary for every one hundredth of one percent (0.01%) (rounded to the nearest hundredth) in
excess of 90% of the Target that is achieved in the applicable fiscal year. By way of example only, if 100% of the Target is achieved, Executive is entitled to a Bonus under this Section 4.2(a) equal to 100% of Executive’s Base Salary.

  
 (b) Discretionary Bonus The Executive shall also be
eligible for an annual discretionary bonus, the amount of which is determined in the sole discretion of the CEO based on subjective and objective criteria established by the CEO, of up to 25% of Base Salary. 
  
 (c) Pro-Ration Anything to the contrary in this Agreement
notwithstanding, any Bonus payable to the Executive in this Agreement for any period of service less than a full year shall be prorated by multiplying (x) the amount of the Bonus otherwise payable for the applicable fiscal year in accordance with
this Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. 
  

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 4.3 Vacations. During the Term, the Executive shall be entitled to four weeks of vacation per
calendar year, to be taken at such times and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. The Executive may not accumulate or carry over from one calendar year to another any unused,
accrued vacation time. The Executive shall not be entitled to compensation for vacation time not taken. 
  
 4.4 Other Benefits. During the Term and subject to any contribution therefor required of executives of the Company generally, the Executive shall
be entitled to participate in all employee benefit plans, including without limitation any 401(k) plan, from time to time adopted by the Board and in effect for executives of the Company generally (except to the extent such plans are in a category
of benefit otherwise provided the Executive hereunder). Such participation shall be subject to (i) the terms of the applicable plan documents and (ii) generally applicable policies of the Company. The Company may alter, modify, add to or delete any
aspects of its employee benefit plans at any time as the Board, in its sole judgment, determines to be appropriate. 
  
 4.5 Business Expenses. The Company shall pay or reimburse the Executive for all reasonable business expenses, including without limitation the cost
of first class air travel and dues for industry-related association memberships, incurred or paid by the Executive in the performance of his/her duties and responsibilities hereunder, subject to (i) any expense policy of the Company set by the Board
from time to time, and (ii) such reasonable substantiation and documentation requirements as may be specified by the Board or CEO from time to time. 
  
 4.6 Airline Clubs. Upon receiving the prior written approval of the CEO authorizing the Executive to join a particular airline club, the Company
shall pay or reimburse the Executive for dues for not less than two nor more than four airline clubs, provided such club memberships serve a direct business purpose and subject to such reasonable substantiation and documentation requirements as to
cost and purpose as may be specified by the CEO from time to time. 
  
 4.7 Physicals. The Company shall annually pay for or reimburse the Executive for the cost of a physical examination and health evaluation performed by a licensed medical doctor, subject to such reasonable substantiation and
documentation requirements as to cost as may be specified by the Board or CEO from time to time. 
  

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	 	5.	Termination of Employment and Severance Benefits. Notwithstanding the provisions of Section 2 hereof, the Executive’s employment hereunder shall terminate prior to the
expiration of the term of this Agreement under the following circumstances: 

  
 5.1 Retirement or Death. In the event of the Executive’s retirement or death during the Term, the Executive’s employment hereunder shall immediately and automatically terminate. In the event of the
Executive’s retirement after the age of 65 with the prior consent of the Board or death during the Term, the Company shall pay to the Executive (or in the case of death, the Executive’s designated beneficiary or, if no beneficiary has been
designated by the Executive, to Executive’s estate) any Base Salary earned but unpaid through the date of such retirement or death, any Bonus for the fiscal year preceding the year in which such retirement or death occurs that was earned but
has not yet been paid and, at the times the Company pays its executives bonuses in accordance with its general payroll policies, an amount equal to that portion of any Bonus earned but unpaid during the fiscal year of such retirement or death
(prorated in accordance with Section 4.2). 
  

	 	5.2	Disability. 

  
 5.2.1 The Company may terminate the Executive’s employment hereunder, upon notice to the Executive, in the event that the Executive becomes disabled
during his/her employment hereunder through any illness, injury, accident or condition of either a physical or psychological nature and, as a result, is unable to perform substantially all of his/her duties and responsibilities hereunder for an
aggregate of 120 days during any period of 365 consecutive calendar days. 
  
 5.2.2 The Board may designate another employee to act in the Executive’s place during any period of the Executive’s disability. Notwithstanding any such designation, the Executive shall continue to receive
the Base Salary in accordance with Section 4.1 and to receive benefits in accordance with Section 4.5, to the extent permitted by the then current terms of the applicable benefit plans, until the Executive becomes eligible for disability income
benefits under any disability income plan maintained by the Company, or until the termination of his/her employment, whichever shall first occur. Upon becoming so eligible, or upon such termination, whichever shall first occur, the Company shall pay
to the Executive any Base Salary earned but unpaid through the date of such eligibility or termination and any Bonus for the fiscal year preceding the year of such eligibility or termination that was earned but unpaid. At the times the Company pays
its executives bonuses generally, the Company shall pay the Executive an amount equal to that portion of any Bonus earned but unpaid during the fiscal year of such eligibility or termination (prorated in accordance with Section 4.2). During the
18-month period from the date of such eligibility or termination, the Company shall pay the Executive, at its regular pay periods, an amount equal to the difference between the Base Salary and the amounts of disability income benefits that the
Executive receives pursuant to the above-referenced disability income plan in respect of such period. 
  

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 5.2.3 Except as provided in Section 5.2.2, while receiving disability income payments under any
disability income plan maintained by the Company, the Executive shall not be entitled to receive any Base Salary under Section 4.1 or Bonus payments under Section 4.2 but shall continue to participate in benefit plans of the Company in accordance
with Section 4.4 and the terms of such plans, until the termination of his/her employment. During the 18-month period from the date of eligibility or termination, whichever shall first occur, the Company shall contribute to the cost of the
Executive’s participation in group medical plans of the Company, provided that the Executive is entitled to continue such participation under applicable law and plan terms. 
  
 5.2.4 If any question shall arise as to whether during any period the Executive is disabled through any illness, injury,
accident or condition of either a physical or psychological nature so as to be unable to perform substantially all of his/her duties and responsibilities hereunder, the Executive may, and at the request of the Company shall, submit to a medical
examination by a physician selected by the Company to whom the Executive or his/her duly appointed guardian, if any, has no reasonable objection, to determine whether the Executive is so disabled and such determination shall for the purposes of this
Agreement be conclusive of the issue. If such question shall arise and the Executive shall fail to submit to such medical examination, the Board’s determination of the issue shall be binding on the Executive. 
  
 5.3 By the Company for Cause. The Company may terminate the
Executive’s employment hereunder for Cause at any time upon notice to the Executive setting forth in reasonable detail the nature of such Cause. The following events or conditions shall constitute “Cause” for termination: (i)
Executive’s willful failure to perform (other than by reason of disability), or gross negligence in the performance of his/her duties to the Company or any of its Affiliates and the continuation of such failure or negligence for a period of ten
(10) days after notice to the Executive; (ii) the Executive’s willful failure to perform (other than by reason of disability) any lawful and reasonable directive of the CEO; (iii) the commission of fraud, embezzlement or theft by the Executive
with respect to the Company or any of its Affiliates; or (iv) the conviction of the Executive of, or plea by the Executive of nolo contendere to, any felony or any other crime involving dishonesty or moral turpitude. Anything to the contrary
in this Agreement notwithstanding, upon the giving of notice of termination of the Executive’s employment hereunder for Cause, the Company and its Affiliates shall have no further obligation or liability to the Executive hereunder, other than
for Base Salary earned but unpaid through the date of termination. Without limiting the generality of the foregoing, the Executive shall not be entitled to receive any Bonus amounts which have not been paid prior to the date of termination.

  

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 5.4 By the Company Other Than for Cause. The Company may terminate the Executive’s employment
hereunder other than for Cause at any time upon notice to the Executive. In the event of such termination, the Company shall pay the Executive: (i) Base Salary earned but unpaid through the date of termination, plus (ii) monthly severance payments,
each in an amount equal to the Executive’s monthly base compensation in effect at the time of such termination (i.e., 1/12th of the Base Salary) for a period of twelve (12) months (“Severance Term”), plus (iii) any unpaid portion of
any Bonus for the fiscal year preceding the year in which such termination occurs that was earned but has not been paid, plus (iv) at the times the Company pays its executives bonuses generally, an amount equal to that portion of any Bonus earned
but unpaid during the fiscal year of such termination (prorated in accordance with Section 4.2). 
  
 5.5 By the Executive for Good Reason. The Executive may terminate employment hereunder for Good Reason, upon notice to the Company setting forth in
reasonable detail the nature of such Good Reason. The following shall constitute “Good Reason” for termination by the Executive: (i) any material diminution in the nature and scope of the Executive’s responsibilities, duties,
authority or title; (ii) material failure of the Company to provide the Executive the Base Salary and benefits in accordance with the terms of Section 4 hereof; or (iii) relocation of the Executive’s office to a location outside a 50-mile
radius of the Company’s current headquarters in Ann Arbor, Michigan. In the event of termination in accordance with this Section 5.5, then the Company shall pay the Executive the amounts specified in Section 5.4. 
  
 5.6 By the Executive Other Than for Good Reason. The Executive may
terminate employment hereunder at any time upon 90 days written notice to the Company. In the event of termination of the Executive’s employment pursuant to this Section 5.6, the CEO or the Board may elect to waive the period of notice or any
portion thereof. The Company will pay the Executive his/her Base Salary for the notice period, except to the extent so waived by the Board. Upon the giving of notice of termination of the Executive’s employment hereunder pursuant to this
Section 5.6, the Company and its Affiliates shall have no further obligation or liability to the Executive, other than (i) payment to the Executive of his/her Base Salary for the period (or portion of such period) indicated above, (ii) continuation
of the provision of the benefits set forth in Section 4.4 for the period (or portion of such period) indicated above, and (iii) any unpaid portion of any Bonus for the fiscal year preceding the year in which such termination occurs that was earned
but has not been paid. 
  
 5.7 Post-Agreement Employment.
In the event the Executive remains in the employ of the Company or any of its Affiliates following termination of this Agreement, by the expiration of the Term or otherwise, then such employment shall be at will. 
  

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	 	6.	Effect of Termination of Employment. The provisions of this Section 6 shall apply in the event of termination of Executive’s employment, pursuant to Section 5, or
otherwise. 

  
 6.1 Payment in Full. Payment
by the Company or its Affiliates of any Base Salary, Bonus or other specified amounts that are due to the Executive under the applicable termination provision of Section 5 shall constitute the entire obligation of the Company and its Affiliates to
the Executive, except that nothing in this Section 6.1 is intended or shall be construed to affect the rights and obligations of the Company or its Affiliates, on the one hand, and the Executive, on the other, with respect to any option plans,
option agreements, subscription agreements, stockholders agreements or other agreements to the extent said rights or obligations therein survive termination of employment. 
  
 6.2 Termination of Benefits. If Executive is terminated by the Company without Cause, or terminates employment with
the Company for Good Reason, and provided that Executive elects continuation of health coverage pursuant to Section 601 through 608 of the Employee Retirement Income Security Act of 1974, as amended (“COBRA”), Company shall pay Executive
an amount equal to the monthly COBRA premiums for the Severance Term; provided further, such payment will cease upon Executive’s entitlement to other health insurance without charge. Except for medical insurance coverage continued pursuant to
Section 5.2 hereof, all other benefits shall terminate pursuant to the terms of the applicable benefit plans based on the date of termination of the Executive’s employment without regard to any continuation of Base Salary or other payments to
the Executive following termination of employment. 
  
 6.3
Survival of Certain Provisions. Provisions of this Agreement shall survive any termination of employment if so provided herein or if necessary to accomplish the purpose of other surviving provisions, including, without limitation, the
obligations of the Executive under Sections 7 and 8 hereof. The obligation of the Company to make payments to or on behalf of the Executive under Sections 5.2, 5.4 or 5.5 hereof is expressly conditioned upon the Executive’s continued full
performance of his/her obligations under Sections 7 and 8 hereof. The Executive recognizes that, except as expressly provided in Section 5.2, 5.4 or 5.5, no compensation is earned after termination of employment. 
  

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	 	7.	Confidential Information; Intellectual Property. 

  
 7.1 Confidentiality. The Executive acknowledges that the Company and its Affiliates continually develop Confidential Information (as that term is
defined in Section 11.2, below); that the Executive may develop Confidential Information for the Company or its Affiliates and that the Executive may learn of Confidential Information during the course of his/her employment. The Executive will
comply with the policies and procedures of the Company and its Affiliates for protecting Confidential Information and shall never use or disclose to any Person (except as required by applicable law or for the proper performance of his/her duties and
responsibilities to the Company) any Confidential Information obtained by the Executive incident to his/her employment or other association with the Company and its Affiliates. The Executive understands that this restriction shall continue to apply
after employment terminates, regardless of the reason for such termination. 
  
 7.2 Return of Documents. All documents, records, tapes and other media of every kind and description relating to the business, present or otherwise, of the Company and its Affiliates and any copies, in whole or
in part, thereof (the “Documents”), whether or not prepared by the Executive, shall be the sole and exclusive property of the Company and its Affiliates. The Executive shall safeguard all Documents and shall surrender to the Company and
its Affiliates at the time employment terminates, or at such earlier time or times as the Board or CEO designee may specify, all Documents then in the Executive’s possession or control. 
  
 7.3 Assignment of Rights to Intellectual Property. The Executive
shall promptly and fully disclose all Intellectual Property to the Company. The Executive hereby assigns to the Company (or as otherwise directed by the Company) the Executive’s full right, title and interest in and to all Intellectual
Property. The Executive shall execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including without limitation the execution and delivery of instruments of further
assurance or confirmation) requested by the Company or its Affiliates to assign the Intellectual Property to the Company and to permit the Company and its Affiliates to enforce any patents, copyrights or other proprietary rights to the Intellectual
Property. The Executive will not charge the Company or its Affiliates for time spent in complying with these obligations. All copyrightable works that the Executive creates shall be considered “Work For Hire” under applicable laws.

  

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	 	8.	Restricted Activities. 

  
 8.1 Agreement Not to Compete With the Company. During the Executive’s employment hereunder and for a period of 24 months following the date of
termination thereof (the “Non-Competition Period”), the Executive will not, directly or indirectly, own, manage, operate, control or participate in any manner in the ownership, management, operation or control of, or be connected as an
officer, employee, partner, director, principal, member, manager, consultant, agent or otherwise with, or have any financial interest in, or aid or assist anyone else in the conduct of, any business, venture or activity which in any material respect
competes with the following enumerated business activities to the extent then being conducted or being planned to be conducted by the Company or its Affiliates or being conducted or known by the Executive to being planned to be conducted by the
Company or by any of its Affiliates, at or prior to the date on which the Executive’s employment under this Agreement is terminated (the “Date of Termination”), in the United States or any other geographic area where such business is
being conducted or being planned to be conducted at or prior to the Date of Termination (a “Competitive Business”, defined below). For purposes of this Agreement, “Competitive Business” shall be defined as: (i) any company or
other entity engaged as a “quick service restaurant” (“QSR”) which offers pizza for sale; (ii) any “quick service restaurant” which is then contemplating entering into the pizza business or adding pizza to its menu;
(iii) any entity which at the time of Executive’s termination of employment with the Company, offers, as a primary product or service, products or services then being offered by the Company or which the Company is actively contemplating
offering; and (iv) any entity under common control with an entity included in (i), (ii) or (iii), above. Notwithstanding the foregoing, ownership of not more than 5% of any class of equity security of any publicly traded corporation shall not, of
itself, constitute a violation of this Section 8.1. 
  
 8.2
Agreement Not to Solicit Employees or Customers of the Company. During employment and during the Non-Competition Period the Executive will not, directly or indirectly, (i) recruit or hire or otherwise seek to induce any employees of the
Company or any of the Company’s Affiliates to terminate their employment or violate any agreement with or duty to the Company or any of the Company’s Affiliates; or (ii) solicit or encourage any franchisee or vendor of the Company or of
any of the Company’s Affiliates to terminate or diminish its relationship with any of them or to violate any agreement with any of them, or, in the case of a franchisee, to conduct with any Person any business or activity that such franchisee
conducts or could conduct with the Company or any of the Company’s Affiliates. 
  

	 	9.	Enforcement of Covenants. The Executive acknowledges that he/she has carefully read and considered all the terms and conditions of this Agreement, including without
limitation the restraints imposed upon his/her pursuant to Sections 7 and 8 

  
  

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 hereof. The Executive agrees that said restraints are necessary for the reasonable and proper protection
of the Company and its Affiliates and that each and every one of the restraints is reasonable in respect to subject matter, length of time and geographic area. The Executive further acknowledges that, were he/she to breach any of the covenants or
agreements contained in Sections 7 or 8 hereof, the damage to the Company and its Affiliates could be irreparable. The Executive, therefore, agrees that the Company and its Affiliates, in addition to any other remedies available to it, shall be
entitled to preliminary and permanent injunctive relief against any breach or threatened breach by the Executive of any of said covenants or agreements. The parties further agree that in the event that any provision of Section 7 or 8 hereof shall be
determined by any court of competent jurisdiction to be unenforceable by reason of it being extended over too great a time, too large a geographic area or too great a range of activities, such provision shall be deemed to be modified to permit its
enforcement to the maximum extent permitted by law. 
  

	 	10.	Conflicting Agreements. The Executive hereby represents and warrants that the execution of this Agreement and the performance of his/her obligations hereunder will not breach
or be in conflict with any other agreement to which or by which the Executive is a party or is bound and that the Executive is not now subject to any covenants against competition or solicitation or similar covenants or other obligations that would
affect the performance of his/her obligations hereunder. The Executive will not disclose to or use on behalf of the Company or any of its Affiliates any proprietary information of a third party without such party’s consent.

  

	 	11.	Definitions. Words or phrases which are initially capitalized or are within quotation marks shall have the meanings provided in this Section 11 or as specifically defined
elsewhere in this Agreement. For purposes of this Agreement, the following definitions apply: 

  
 11.1 Affiliates. “Affiliates” shall mean TISM, Inc., Domino’s, Inc. and all other persons and entities controlling, controlled by or
under common control with the Company, where control may be by management authority or equity interest. 
  
 11.2 Confidential Information. “Confidential Information” means any and all information of the Company and its Affiliates that is not
generally known by others with whom they compete or do business, or with whom they plan to compete or do business, and any and all information the disclosure of which would otherwise be adverse to the interest of the Company or any of its
Affiliates. Confidential Information includes without limitation such information relating to (i) the products and services sold or offered by the Company or any of its Affiliates (including without limitation recipes, production processes and
heating technology), (ii) the costs, sources of supply, financial performance and strategic plans of the Company and its Affiliates, (iii) the identity of the suppliers to the Company and its Affiliates, and (iv) the people and organizations with
whom the Company and its Affiliates have business relationships and those relationships. Confidential Information also 
  

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 includes information that the Company or any of its Affiliates have received belonging to others with any
understanding, express or implied, that it would not be disclosed. 
  
 11.3 ERISA. “ERISA” means the federal Employee Retirement Income Security Act of 1974 and any successor statute, and the rules and regulations thereunder, and, in the case of any referenced section thereof, any successor
section thereto, collectively and as from time to time amended and in effect. 
  
 11.4 Intellectual Property. “Intellectual Property” means inventions, discoveries, developments, methods, processes, compositions, works, concepts, recipes and ideas (whether or not patentable or
copyrightable or constituting trade secrets or trademarks or service marks) conceived, made, created, developed or reduced to practice by the Executive (whether alone or with others, whether or not during normal business hours or on or off Company
premises) during the Executive’s employment that relate to either the business activities or any prospective activity of the Company or any of its Affiliates. 
  
 11.5 Person. “Person” means an individual, a corporation, an association, a partnership, a limited
liability company, an estate, a trust and any other entity or organization. 
  

	 	12.	Withholding. All payments made by the Company under this Agreement shall be reduced by any tax or other amounts required to be withheld by the Company under applicable law.

  
 13. Miscellaneous. 
  
 13.1 Assignment. Neither the Company nor the Executive may assign
this Agreement or any interest herein, by operation of law or otherwise, without the prior written consent of the other; provided, however, that the Company may assign its rights and obligations under this Agreement without the consent of the
Executive in the event that the Company shall hereafter affect a reorganization, consolidate with, or merge into, any other Person or transfer all or substantially all of its properties or assets to any other Person, in which event such other Person
shall be deemed the “Company” hereunder, as applicable, for all purposes of this Agreement; provided, further, that nothing contained herein shall be construed to place any limitation or restriction on the transfer of the Company’s
Common Stock in addition to any restrictions set forth in any stockholder agreement applicable to the holders of such shares. This Agreement shall inure to the benefit of and be binding upon the Company and the Executive, and their respective
successors, executors, administrators, representatives, heirs and permitted assigns. 
  
 13.2 Severability. If any portion or provision of this Agreement shall to any extent be declared illegal or unenforceable by a court of competent jurisdiction, 
  

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 then the application of such provision in such circumstances shall be deemed modified to permit its
enforcement to the maximum extent permitted by law, and both the application of such portion or provision in circumstances other than those as to which it is so declared illegal or unenforceable and the remainder of this Agreement shall not be
affected thereby, and each portion and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. 
  
 13.3 Waiver; Amendment. No waiver of any provision hereof shall be effective unless made in writing and signed by the waiving party. The failure of
either party to require the performance of any term or obligation of this Agreement, or the waiver by either party of any breach of this Agreement, shall not prevent any subsequent enforcement of such term or obligation or be deemed a waiver of any
subsequent breach. This Agreement may be amended or modified only by a written instrument signed by the Executive and any expressly authorized representative of the Company. 
  
 13.4 Notices. Any and all notices, requests, demands and other communications provided for by this Agreement shall be
in writing and shall be effective when delivered in person or deposited in the United States mail, postage prepaid, registered or certified, and addressed (i) in the case of the Executive, to:
                             at
                                        
                    , and (ii) in the case of the Company, to the attention of Mr. David A. Brandon, CEO, at 30 Frank Lloyd Wright Drive, Ann
Arbor, Michigan 48106, or to such other address as either party may specify by notice to the other actually received. 
  
 13.5 Entire Agreement. This Agreement constitutes the entire agreement between the parties and supersedes any and all prior communications,
agreements and understandings, written or oral, between the Executive and the Company, or any of its predecessors, with respect to the terms and conditions of the Executive’s employment. 
  
 13.6 Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be an original and all of which together shall constitute one and the same instrument. 
  
 13.7 Governing Law. This Agreement shall be governed by and construed in accordance with the domestic substantive laws of the State of Michigan
without giving effect to any choice or conflict of laws provision or rule that would cause the application of the domestic substantive laws of any other jurisdiction. 
  
 13.8 Consent to Jurisdiction. Each of the Company and the Executive evidenced by the execution hereof, (i) hereby
irrevocably submits to the jurisdiction of the state courts of the State of Michigan for the purpose of any claim or action arising out of or based upon this Agreement or relating to the subject matter hereof and (ii) hereby waives, to the extent
not prohibited by applicable law, and agrees not to 
  

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 assert by way of motion, as a defense or otherwise, in any such claim or action, any claim that it or
he/she is not subject personally to the jurisdiction of the above-named courts, that its or his/her property is exempt or immune from attachment or execution, that any such proceeding brought in the above-named courts is improper, or that this
Agreement or the subject matter hereof may not be enforced in or by such court. Each of the Company and the Executive hereby consents to service of process in any such proceeding in any manner permitted by Michigan law, and agrees that service of
process by registered or certified mail, return receipt requested, at its address specified pursuant to Section 13.4 hereof is reasonably calculated to give actual notice. 
  
 IN WITNESS WHEREOF, this Agreement has been executed by the Company, by its duly authorized representative, and by the
Executive, as of the date first above written. 
  

					
	 THE COMPANY:
	 	 DOMINO’S PIZZA LLC

			
	 	 	 By:
	 	 /s/ David A. Brandon

	 	 	 Name:
	 	 David A. Brandon

	 	 	 Title:
	 	 Chief Executive Officer

			
	 THE EXECUTIVE:
	 	 	 	 /s/ James G. Stansik

	 	 	 Name:
	 	 James G. Stansik

  
  

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 EXHIBIT 3.2 
  
 (None, unless additional information is set forth below.) 
  

 -14-FIRST AMENDMENT TO CREDIT AGREEMENT

 EXHIBIT 10.21 
  
 FIRST AMENDMENT TO CREDIT AGREEMENT 
  
 FIRST AMENDMENT TO CREDIT AGREEMENT (this “First Amendment”), dated as of November 25, 2003, among
DOMINO’S, INC., a Delaware corporation (“Borrower”), TISM, INC., a Michigan corporation (“TISM”), J.P. MORGAN SECURITIES INC. (“JPMSI”), as sole lead arranger and book runner, the lenders from
time to time party to the Credit Agreement referred to below (each a “Lender” and collectively, “Lenders”), JPMORGAN CHASE BANK (“JPMorgan Chase Bank”), as administrative agent for Lenders (in such
capacity, “Administrative Agent”), CITICORP NORTH AMERICA, INC. (“Citicorp”), as syndication agent (in such capacity, “Syndication Agent”), and BANK ONE, NA (“Bank One”), as
documentation agent (in such capacity, “Documentation Agent”). Unless otherwise indicated, all capitalized terms used herein and not otherwise defined shall have the respective meanings provided such terms in the Credit Agreement
referred to below. 
  
 W I T N E
S S E T H : 
  
 WHEREAS,
Borrower, TISM, JPMSI, Citigroup Global Markets, Inc., Lenders, Administrative Agent, Syndication Agent and Documentation Agent are parties to a Credit Agreement, dated as of July 29, 2002 and amended and restated as of June 25, 2003 (as so amended
and restated, the “Credit Agreement”); and 
  
 WHEREAS, subject to the terms and conditions of this First Amendment, the parties hereto wish to amend the Credit Agreement as herein provided; 
  
 NOW, THEREFORE, it is agreed: 
  
 I. Amendments to Credit Agreement. 
  
 1. The first paragraph of the Credit Agreement is hereby amended by deleting the text “(in such capacity, collectively,
“Arrangers”)” appearing in such paragraph and inserting the text “(in such capacity, collectively, “Initial Arrangers”)” in lieu thereof. 
  
 2. The definition of “Applicable Leverage Ratio” appearing in subsection 1.1 of the Credit Agreement is
hereby amended by (i) inserting the text “occurring after the First Amendment Effective Date” immediately following each instance of the text “first Pricing Period” appearing in said definition, (ii) deleting the text
“September 30, 2003” appearing in said definition and inserting the text “December 31, 2003” in lieu thereof and (iii) deleting the text “Restatement Effective Date” appearing in said definition and inserting the text
“First Amendment Effective Date” in lieu thereof. 
  
 3.
The definition of “Class” appearing in subsection 1.1 of the Credit Agreement is hereby amended by deleting the text “Term Loan” appearing in said definition and inserting the text “New Term Loan” in lieu
thereof. 
  
 4. The definition of “Consolidated Adjusted
EBITDA” appearing in subsection 1.1 of the Credit Agreement is hereby amended by inserting the text “(for such 

 purpose, determined without giving effect to the last sentence appearing in the definition thereof)” immediately
after the text “Consolidated Interest Expense” appearing in clause (ii) of said definition. 
  
 5. The definition of “Consolidated Excess Cash Flow” appearing in subsection 1.1 of the Credit Agreement is hereby amended by (i)
deleting the word “and” appearing immediately prior to the text “(h)” appearing in said definition and inserting a semi-colon in lieu thereof and (ii) inserting the following text immediately prior to the period at the end of
said definition: 
  
 “and (i) to the extent
not otherwise deducted in determining Consolidated Excess Cash Flow, the aggregate amount of Cash used to repurchase the Existing Senior Subordinated Notes pursuant to subsection 7.5(xiv)”. 
  
 6. The definition of “Loan” appearing in subsection 1.1 of
the Credit Agreement is hereby amended by inserting the text “New Term Loans,” immediately following the text “Term Loans,” appearing in said definition. 
  
 7. The definition of “Notes” appearing in subsection 1.1 of the Credit Agreement is hereby amended by
inserting the text “New Term Notes,” immediately following the text “Term Notes,” appearing in said definition. 
  
 8. The definition of “Requisite Lenders” appearing in subsection 1.1 of the Credit Agreement is hereby amended by (i) deleting the text
“(ii)” appearing in said definition and inserting the text “(iii)” in lieu thereof and (ii) inserting the text “, (ii) the aggregate New Term Loan Exposure of all Lenders” immediately prior the text “and
(iii)” appearing in said subsection (as modified pursuant to preceding subclause (i)). 
  
 9. The definition of “Shareholder Subordinated PIK Note” appearing in subsection 1.1 of the Credit Agreement is hereby amended by deleting the text “Term Loans” appearing in said definition
and inserting the text “New Term Loans” in lieu thereof. 
  
 10. The definition of “Term Loan Commitment” appearing in subsection 1.1 of the Credit Agreement is hereby amended by deleting the text “2.1A(i)” appearing in said subsection and inserting the text
“2.1A(i)(I)” in lieu thereof. 
  
 11. Subsection 1.1 of
the Credit Agreement is hereby further amended by deleting the definitions of “Applicable Base Rate Margin”, “Applicable Eurodollar Rate Margin”, “Arrangers” and “Pro Rata Share” in
their entirety. 
  
 12. Subsection 1.1 of the Credit Agreement is
hereby further amended by inserting in appropriate alphabetical order the following new definitions: 
  
 “Additional New Term Loan” has the meaning assigned to that term in subsection 2.1A(i)(II). 
  
 “Applicable Base Rate Margin” means, as to
New Term Loans or Revolving Loans, (a) for the period from the First Amendment Effective Date to (but excluding) the 
  

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 date of commencement of the first Pricing Period occurring after the First Amendment Effective Date, the
applicable Level V percentage for such type of Loan set forth below and (b) for any date thereafter, a rate per annum equal to the percentage set forth below for such type of Loan opposite the Applicable Leverage Ratio in effect as of such date of
determination, any change in any such Applicable Base Rate Margin to be effective on the date of any corresponding change in the Applicable Leverage Ratio: 
  

							
	 Level

	  	 Applicable
 Leverage Ratio

	  	 Applicable
 New Term Loan
 Base Rate Margin

	 	 Applicable
 Revolving Loan
 Base Rate Margin

	 V
	  	Greater than or equal to 4.75x	  	1.50%	 	2.00%
	 IV
	  	less than 4.75x and greater than or equal to 4.25x	  	1.50%	 	2.00%
	 III
	  	less than 4.25x and greater than or equal to 3.75x	  	1.50%	 	1.75%
	 II
	  	less than 3.75x and greater than or equal to 3.25x	  	1.50%	 	1.50%
	 I
	  	less than 3.25x	  	1.50%	 	1.25%

  
 ; provided
that notwithstanding anything to the contrary contained in this definition, at any time an Event of Default is then in existence, the Applicable Base Rate Margin shall be the applicable Level V percentage for the respective type of Loan set forth
above. It is understood and agreed that the “Applicable Base Rate Margin” applicable to Revolving Loans for periods prior to the First Amendment Effective Date shall be the “Applicable Base Rate Margin” as determined pursuant to
the definitions “Applicable Base Rate Margin” and “Applicable Leverage Ratio”, in each case as such definitions were in effect immediately prior to the First Amendment Effective Date. 
  
 “Applicable Eurodollar Rate Margin” means,
as to New Term Loans or Revolving Loans, (a) for the period from the First Amendment Effective Date to (but excluding) the date of commencement of the first Pricing Period occurring after the First Amendment Effective Date, the applicable Level V
percentage for such type of Loan set forth below and (b) for any date thereafter, a rate per annum equal to the percentage set forth below for such type of Loan opposite the Applicable Leverage Ratio in effect as of such date of determination, any
change in any such Applicable Eurodollar Rate Margin to be effective on the date of any corresponding change in the Applicable Leverage Ratio: 
  

							
	 Level

	  	 Applicable
 Leverage Ratio

	  	 Applicable
 New Term Loan
 Eurodollar Rate Margin

	 	 Applicable
 Revolving Loan
 Eurodollar Rate Margin

	 V
	  	Greater than or equal to 4.75x	  	2.50%	 	3.00%
	 IV
	  	less than 4.75x and greater than or equal to 4.25x	  	2.50%	 	3.00%
	 III
	  	less than 4.25x and greater than or equal to 3.75x	  	2.50%	 	2.75%
	 II
	  	less than 3.75x and greater than or equal to 3.25x	  	2.50%	 	2.50%
	 I
	  	less than 3.25x	  	2.50%	 	2.25%

  

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 ; provided that notwithstanding anything to the contrary contained in this definition, at any time
an Event of Default is then in existence, the Applicable Eurodollar Rate Margin shall be the applicable Level V percentage for the respective type of Loan set forth above. It is understood and agreed that the “Applicable Eurodollar Rate
Margin” applicable to Revolving Loans for periods prior to the First Amendment Effective Date shall be the “Applicable Eurodollar Rate Margin” as determined pursuant to the definitions “Applicable Eurodollar Rate Margin” and
“Applicable Leverage Ratio”, in each case as such definitions were in effect immediately prior to the First Amendment Effective Date. 
  
 “Arrangers” means, collectively, Initial Arrangers and First Amendment Arranger. 
  
 “Consenting Term Lender” means each Lender
holding outstanding Term Loans that has theretofore executed and delivered a counterpart of the First Amendment to the Administrative Agent on or prior to 5:00 P.M. (New York City time) on the later to occur of November 21, 2003 or the First
Amendment Effective Date. 
  
 “Converted
New Term Loan” has the meaning assigned to that term in subsection 2.1A(i)(II). 
  
 “Existing Term Loan Borrowing” has the meaning assigned to that term in subsection 2.2B(x). 
  
 “First Amendment” means the First Amendment
to Credit Agreement, dated as of November 25, 2003. 
  
 “First Amendment Arranger” means JPMSI, in its capacity as sole lead arranger and book runner pursuant to the First Amendment. 
  
 “First Amendment Effective Date” has the meaning assigned to that term in the First Amendment. 
  
 “Initial Arrangers” has the meaning
assigned to that term in the first paragraph of this Amendment. 
  
 “New Term Loan” has the meaning assigned to that term in subsection 2.1A(i)(II). 
  
 “New Term Loan Commitment” means the commitment of a Lender to make Additional New Term Loans to Borrower pursuant to
subsection 2.1A(i)(II), and “New Term Loan Commitments” means such commitments of all Lenders in the aggregate. 
  
 “New Term Loan Exposure” means, with respect to any Lender as of any date of determination, the outstanding principal
amount of the New Term Loans of that Lender. 
  
 “New Term Notes” means any promissory notes of Borrower issued pursuant to subsection 2.1E to evidence the New Term Loans of any Lenders, substantially in the form of Exhibit III-A annexed hereto, as they may be
amended, supplemented or otherwise modified from time to time. 
  

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 “Non-Consenting Term Lender” means each Lender that is not a Consenting
Term Lender. 
  
 “Pro Rata
Share” means (i) with respect to all payments, computations and other matters relating to the Term Loan Commitment or the Term Loan of any Lender, the percentage obtained by dividing (x) the Term Loan Exposure of that Lender
by (y) the aggregate Term Loan Exposure of all Lenders, (ii) with respect to all payments, computations and other matters relating to the New Term Loan Commitment or the New Term Loan of any Lender, the percentage obtained by dividing
(x) the New Term Loan Exposure of that Lender by (y) the aggregate New Term Loan Exposure of all Lenders, (iii) with respect to all payments, computations and other matters relating to the Revolving Loan Commitment or the Revolving Loans of
any Lender or any Letters of Credit issued or participations therein purchased by any Lender or any participations in any Swing Line Loans purchased by any Lender, the percentage obtained by dividing (x) the Revolving Loan Exposure of that
Lender by (y) the aggregate Revolving Loan Exposure of all Lenders, and (iv) for all other purposes with respect to each Lender, (A) prior to the occurrence of the First Amendment Effective Date, the percentage obtained by dividing (x)
the sum of the Term Loan Exposure of that Lender plus the Revolving Loan Exposure of that Lender by (y) the aggregate Term Loan Exposure of all Lenders plus the aggregate Revolving Loan Exposure of all Lenders or (B) after the
occurrence of the First Amendment Effective Date, the percentage obtained by dividing (x) the sum of the New Term Loan Exposure of that Lender plus the Revolving Loan Exposure of that Lender by (y) the aggregate New Term Loan
Exposure of all Lenders plus the aggregate Revolving Loan Exposure of all Lenders, in any such case as the applicable percentage may be adjusted by assignments permitted pursuant to subsection 10.1. The Pro Rata Share of each
Lender for purposes of each of clauses (i), (ii) and (iii) of the preceding sentence is set forth opposite the name of that Lender in Schedule 2.1 annexed hereto. 
  
 “Term Loan Conversion” has the meaning assigned to that term in subsection 2.1A(i)(II).

  
 13. Subsection 2.1A of the Credit Agreement is hereby amended
by inserting the text “(I), 2.1A(i)(II)” immediately following the text “2.1A(i)” appearing in the first sentence of said subsection. 
  
 14. Subsection 2.1A(i) of the Credit Agreement is hereby amended by (i) inserting the text “(I)” immediately following the text “(i)”
appearing in the first sentence of said subsection, (ii) deleting each instance of the text “2.1A(i)” appearing in said subsection and inserting the text “2.1A(i)(I)” in lieu thereof and (iii) inserting the following new clause
(II) at the end of said subsection: 
  
 “(II) New Term Loans. (x) Each Consenting Term Lender severally agrees to convert (the “Term Loan Conversion”), on the First Amendment Effective Date, all Term Loans of such Consenting Term Lender outstanding on
the First Amendment Effective 
  

 -5- 

 Date (immediately prior to giving effect thereto) into new term loans hereunder (each such term loan, a
“Converted New Term Loan” and, collectively, “Converted New Term Loans”) and (ii) each Lender with a New Term Loan Commitment severally agrees to make, on the First Amendment Effective Date, a term loan or term
loans in an initial principal amount equal to such Lender’s New Term Loan Commitment (each, an “Additional New Term Loan” and, collectively, “Additional New Term Loans”, and, together with the Converted New
Term Loans, “New Term Loans”) to Borrower to be used for the purposes identified in subsection 2.5E. The amount of each Lender’s New Term Loan Commitment and Converted New Term Loans (if any) is set forth opposite its name on
Schedule 2.1 annexed hereto and the aggregate amount of (x) Additional New Term Loans and (y) Converted New Term Loans is $540,000,000. The New Term Loan Commitments of Lenders shall be adjusted to give effect to any assignments of the New
Term Loan Commitments pursuant to subsection 10.1B. Each Lender’s New Term Loan Commitment shall expire immediately and without further action on December 5, 2003 if the Additional New Term Loans are not made on or before that date. Borrower
may make only one borrowing on the First Amendment Effective Date under the New Term Loan Commitments. Amounts borrowed under this subsection 2.1A(i)(II) or amounts borrowed as Term Loans under subsection 2.1(A)(i)(I) and continued as New Term Loans
pursuant to this subsection 2.1(A)(i)(II) and subsequently repaid or prepaid may not be reborrowed.”. 
  
 15. Subsection 2.1B of the Credit Agreement is hereby amended by (i) deleting each instance of the text “Term Loans” appearing in said
subsection and inserting the text “New Term Loans” in lieu thereof, (ii) inserting the text “(x)” immediately following the text “provided that” appearing in the first sentence of said subsection and (iii)
inserting the text “and (y) Additional New Term Loans incurred on the First Amendment Effective Date shall be subject to the terms of subsection 2.2B(x)” prior to the period at the end of the first sentence of said subsection. 

 
 16. Subsection 2.1C of the Credit Agreement is hereby amended by (i)
deleting the text “Term Loans” appearing in the first sentence of said subsection and inserting the text “Additional New Term Loans” in lieu thereof, (ii) inserting the text “(or, in the case of New Term Loans made available
on the First Amendment Effective Date, pro rata based upon their respective New Term Loan Commitments as in effect on the First Amendment Effective Date (before giving effect to the making of New Term Loans on such date)”
immediately after the text “Pro Rata Shares” appearing in the first sentence of said subsection, (iii) inserting the text “(or, in the case of Additional New Term Loans, each Lender with an Additional New Term Loan
Commitment will make the amount of its Additional New Term Loan Commitment available to Administrative Agent not later than 1:00 P.M. (New York City time) on the First Amendment Effective Date)” immediately following the first appearance of the
text “on the applicable Funding Date” appearing in the third sentence of said subsection and (iv) inserting the text “Part II, Section 5 of the First Amendment (in the case of New Term Loans)” immediately prior to the text
“and 4.2” appearing in subsection. 
  
 17. Subsection
2.1D of the Credit Agreement is hereby amended by (i) deleting each instance of the text “Term Loan” appearing in said subsection and inserting the text “New Term Loan” in lieu thereof and (ii) deleting each instance of the text
“Term Loans” appearing in said subsection and inserting the text “New Term Loans” in lieu thereof. 
  

 -6- 

 18. Subsection 2.1E of the Credit Agreement is hereby amended by (i) inserting the text “New Term
Loan,” immediately after the text “Term Loan,” appearing in said subsection, (ii) inserting the text “Exhibit III-A,” immediately after the text “Exhibit III,” appearing in said subsection and (iii) inserting the
following new text at the end of said subsection: 
  
 “Without limiting the foregoing, on and after the First Amendment Effective Date, each Consenting Term Lender which holds a Term Note shall be entitled to surrender such Term Note to Borrower against delivery of a New Term Note
completed in conformity with this subsection 2.1E, substantially in the form of Exhibit III-A annexed hereto, with appropriate insertions; provided that if any such Term Note is not so surrendered, then from and after the First
Amendment Effective Date such Term Note shall be deemed to evidence the Converted New Term Loans into which the Term Loans theretofore evidenced by such Term Note have been converted.”. 
  
 19. Subsection 2.2 of the Credit Agreement is hereby amended by (i) deleting
each instance of the text “Term Loan” appearing in said subsection and inserting the text “New Term Loan” in lieu thereof and (ii) deleting each instance of the text “Term Loans” appearing in said subsection and
inserting the text “New Term Loans” in lieu thereof. 
  
 20. Subsection 2.2 of the Credit Agreement is hereby further amended by inserting the text “, provided that all New Term Loans converted or incurred on the First Amendment Effective Date shall be subject to the rules set forth
in clause (x) of subsection 2.2B” immediately after the text “pursuant to subsection 2.1B” appearing in the third sentence of subsection 2.2A of the Credit Agreement. 
  
 21. Subsection 2.2B of the Credit Agreement is hereby amended by (i) deleting the text “and” appearing at the end
of clause (viii) of said subsection, (ii) deleting the period appearing at the end of clause (ix) of said subsection and inserting the text “; and” in lieu thereof and (iii) inserting the following new clause (x) at the end of said
subsection: 
  
 “(x) in connection with the
Term Loan Conversion and the incurrence of Additional New Term Loans pursuant to subsection 2.1A(i)(II), (A) each borrowing of Term Loans existing on the First Amendment Effective Date immediately prior to the Term Loan Conversion and maintained as
Eurodollar Rate Loans subject to a given Interest Period (each, an “Existing Term Loan Borrowing”) shall, upon the occurrence of the Term Loan Conversion, be deemed to be a new borrowing of New Term Loans for all purposes of this
Agreement (including subsection 2.2F), (B) each such newly-deemed borrowing of New Term Loans shall be subject to the same Interest Period (and Adjusted Eurodollar Rate) as the Existing Term Loan Borrowing to which it relates, (C) Additional New
Term Loans shall be initially incurred pursuant to a single borrowing of Eurodollar Rate Loans which shall be added to (and thereafter be deemed to constitute a part of) each such newly-deemed borrowing of New Term Loans on a pro rata
basis (based on the relative sizes of the various such newly-deemed borrowings of New Term Loans) and (D) 
  

 -7- 

 Administrative Agent shall (and is hereby authorized to) take all appropriate actions to ensure that all
Lenders with outstanding New Term Loans (after giving effect to the Term Loan Conversion and the incurrence of Additional New Term Loans pursuant to subsection 2.1A(i)(II)) participate in each newly-deemed borrowing of New Term Loans on a pro
rata basis (based upon the sum of such Lender’s (x) New Term Loan Commitment as in effect on the First Amendment Effective Date (prior to the making of New Term Loans on such date) and (y) and Converted New Term Loans).”.

  
 22. Subsection 2.4A of the Credit Agreement is hereby amended
by deleting said subsection in its entirety and inserting the following new subsection 2.4A in lieu thereof: 
  
 “A. Scheduled Payments of New Term Loans. Borrower shall make principal payments on the New Term Loans in installments on the
dates and in the amounts set forth below: 
  

				
	 DATE

	  	 SCHEDULED REPAYMENT
 OF TERM LOANS

	 December 31, 2004
	  	$	7,000,000.00
	 March 31, 2005
	  	$	10,500,000.00
	 June 30, 2005
	  	$	10,500,000.00
	 September 30, 2005
	  	$	10,500,000.00
	 December 31, 2005
	  	$	10,500,000.00
	 March 31, 2006
	  	$	14,000,000.00
	 June 30, 2006
	  	$	14,000,000.00
	 September 30, 2006
	  	$	14,000,000.00
	 December 31, 2006
	  	$	14,000,000.00
	 March 31, 2007
	  	$	17,500,000.00
	 June 30, 2007
	  	$	17,500,000.00
	 September 30, 2007
	  	$	17,500,000.00
	 December 31, 2007
	  	$	17,500,000.00
	 March 31, 2008
	  	$	19,800,000.00
	 June 30, 2008
	  	$	19,800,000.00
	 September 30, 2008
	  	$	19,800,000.00
	 December 31, 2008
	  	$	19,800,000.00
	 March 31, 2009
	  	$	22,100,000.00

  

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	 DATE

	  	 SCHEDULED REPAYMENT
 OF TERM LOANS

	 June 30, 2009
	  	$	22,100,000.00
	 September 30, 2009
	  	$	22,100,000.00
	 December 31, 2009
	  	$	22,100,000.00
	 March 31, 2010
	  	$	74,500,000.00
	 June 25, 2010
	  	$	120,912,820.59

  
 ; provided that
the scheduled installments of principal of the New Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the New Term Loans in accordance with subsection 2.4B(iv); and provided
further, that the New Term Loans and all other amounts owed hereunder with respect to the New Term Loans shall be paid in full no later than June 25, 2010 and the final installment payable by Borrower in respect of the New Term Loans on such
date shall be in an amount, if such amount is different from that specified above, sufficient to repay all amounts owing by Borrower under this Agreement with respect to the New Term Loans.”. 
  
 23. Subsection 2.4B of the Credit Agreement is hereby amended by deleting
each instance of the text “Term Loans” appearing in said subsection and inserting the text “New Term Loans” in lieu thereof. 
  
 24. Subsection 2.4C of the Credit Agreement is hereby amended by deleting the text “Term Loans” appearing in clause (iii) of said subsection and
inserting the text “New Term Loans” in lieu thereof. 
  
 25. Subsection 2.5 of the Credit Agreement is hereby amended by inserting the following new subsection 2.5E at the end of said subsection: 
  
 “E. Additional New Term Loans. The Additional New Term Loans incurred on the First Amendment Effective Date shall be used on
the First Amendment Effective Date to repay outstanding Term Loans of Non-Consenting Term Lenders (if any) and to pay fees and expenses incurred in connection with the First Amendment.”. 
  
 26. Subsection 2.6D is hereby amended by inserting the following text at the
end of said subsection: 
  
 “In connection
with the Term Loan Conversion and the incurrence of Additional New Term Loans pursuant to subsection 2.1A(i)(II), Lenders and Borrower hereby agree that, notwithstanding anything to the contrary contained in this Agreement, (A) if requested by any
Lender making Additional New Term Loans which actually “match funds” in the manner described in subsection 2.6F below, Borrower shall pay to such Lender such amounts necessary, as reasonably determined by such Lender, to compensate such
Lender for making such New Term Loans in the middle of an existing Interest Period (rather than at the beginning of the respective Interest Period, based upon 
  

 -9- 

 the rates then applicable thereto) and (B) Borrower shall be obligated to pay to Non-Consenting Term
Lenders breakage or other costs of the type referred to above in this subsection 2.6D (if any) incurred in connection with the repayment of outstanding Term Loans of such Non-Consenting Term Lenders (if any) on the First Amendment Effective
Date.”. 
  
 27. Subsection 2.6F of the Credit Agreement is
hereby amended by inserting the following sentence at the end of said subsection: 
  
 “Notwithstanding the foregoing, the assumptions concerning the funding of Eurodollar Rate Loans set forth above in this subsection
2.6F shall not apply in connection with any determination made pursuant to subclause (A) of the last sentence of subsection 2.6D.” 
  
 28. Section 6 of the Credit Agreement is hereby amended by inserting the following new subsection 6.13 at the end of said Section: 
  
 “6.13 First Amendment Mortgage Amendments.
Within 60 days following the First Amendment Effective Date (unless otherwise agreed by the Collateral Agent), Borrower shall have delivered to the Collateral Agent, or caused to be delivered to the Collateral Agent, fully executed counterparts of
amendments (the “First Amendment Mortgage Amendments”), in form and substance reasonably satisfactory to the Administrative Agent, to each of the Mortgages covering a Mortgaged Property, together with evidence that counterparts of
each of the First Amendment Mortgage Amendments have been delivered to the title company insuring the Lien on the Mortgages for recording in all places to the extent necessary or desirable, in the judgment of the Collateral Agent, effectively to
maintain a valid and enforceable first priority mortgage lien on the Mortgaged Properties in favor of the Collateral Agent for the benefit of the Secured Creditors securing all of the Obligations (including the Additional New Term Loans);
provided that the actions required to be taken by Borrower pursuant to this subsection 6.13 shall not be required in the event that on the First Amendment Effective Date there are no Lenders that are Non-Consenting Term Lenders. 

 
 29. Subsection 7.5 of the Credit Agreement is hereby amended by inserting
the following new clause (xv) at the end of said subsection: 
  
 “(xv) so long as no Potential Event of Default or Event of Default then exists or would result therefrom, Borrower may redeem New Senior Subordinated Notes in accordance with the terms of the indenture therefor
and/or repurchase New Senior Subordinated Notes on the open-market, in each case so long as (I) the aggregate amount of Cash expended by Borrower to effect all such redemptions and repurchases (and to pay all premiums payable in connection
therewith) on and after the First Amendment Effective Date does not exceed $75,000,000 in the aggregate, (II) all such New Senior Subordinated Notes so redeemed or repurchased are permanently cancelled or retired by Borrower promptly following such
redemption or repurchase and (III) concurrently with any such redemption or repurchase, Borrower shall have made a voluntary prepayment of New Term Loans in accordance with subsection 2.4B(i) in an aggregate principal amount equal to the aggregate
amount of Cash so utilized to redeem or repurchase such New Senior Subordinated Notes (and to pay all premiums payable in connection therewith).”. 
  

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 30. Subsection 9.1A of the Credit Agreement is hereby amended by (i) deleting the text “JPMSI and
Citigroup are hereby appointed Arrangers hereunder, and each Lender hereby authorizes each of Arrangers to act as its agent in accordance with the terms of this Agreement and the other Loan Documents” appearing in the first sentence of said
subsection and inserting the text “(x) JPMSI and Citigroup are hereby appointed Initial Arrangers hereunder as of the Restatement Effective Date and (y) JPMSI is hereby appointed First Amendment Arranger hereunder as of the First Amendment
Effective Date, and each Lender hereby authorizes each of Initial Arrangers and First Amendment Arranger to act as its agent in accordance with the terms of this Agreement and the other Loan Documents” in lieu thereof and (ii) inserting the
text “Concurrently with the occurrence of the First Amendment Effective Date, all obligations of JPMSI, in its capacity as First Amendment Arranger hereunder, shall terminate.” immediately prior to the penultimate sentence of said
subsection. 
  
 31. Subsection 10.1B of the Credit Agreement is
hereby amended by deleting the text “Term Loans” appearing in clause (ii) of said subsection and inserting the text “New Term Loans” in lieu thereof. 
  
 32. Schedule 2.1 to the Credit Agreement is hereby amended by deleting same in its entirety and inserting in lieu thereof a
new Schedule 2.1 in the form of Schedule 2.1 attached hereto. 
  
 33. The Credit Agreement is hereby further amended adding Exhibit III-A thereto in the form of Exhibit III-A attached hereto. 
  
 34. Exhibits IV and VII to the Credit Agreement are hereby amended by deleting each instance of the text “Term Loans” appearing in said Exhibits
and inserting the text “New Term Loans” in lieu thereof. 
  
 35. The Credit Agreement is hereby further amended by deleting the text “J.P. MORGAN SECURITIES INC. AND CITIGROUP GLOBAL MARKETS INC., AS JOINT LEAD ARRANGERS AND JOINT BOOK RUNNERS” appearing on the coverpage to the Credit
Agreement and inserting the text “J.P. MORGAN SECURITIES INC., AS SOLE LEAD ARRANGER AND BOOK RUNNER” in lieu thereof. 
  
 II. Miscellaneous Provisions. 
  
 1. In order to induce Lenders to enter into this First Amendment, each of Borrower and TISM hereby represents and warrants that (i) no Default or Event of
Default exists as of the First Amendment Effective Date after giving effect to this First Amendment, (ii) all of the representations and warranties contained in the Credit Agreement or the other Loan Documents are true and correct in all material
respects on the First Amendment Effective Date after giving effect to this First Amendment, with the same effect as though such representations and warranties had been made on and as of the First Amendment Effective Date (it being understood that
any representation or warranty made as of a specific date shall be true and 
  

 -11- 

 correct in all material respects as of such specific date) and (iii) concurrently with the effectiveness of this First
Amendment, the proceeds of the Additional New Term Loans shall be immediately applied by Borrower to repay all outstanding Term Loans of Non-Consenting Term Lenders (if any). 
  
 2. This First Amendment is limited as specified and shall not constitute a modification, acceptance or waiver of any other
provision of the Credit Agreement, the Security Agreement or any other Loan Document. 
  
 3. This First Amendment may be executed in any number of counterparts and by the different parties hereto on separate counterparts, each of which counterparts when executed and delivered shall be an original, but all
of which shall together constitute one and the same instrument. A complete set of counterparts shall be lodged with Borrower and Administrative Agent. 
  
 4. THIS FIRST AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE
STATE OF NEW YORK. 
  
 5. This First Amendment shall become
effective on the date (the “First Amendment Effective Date”) when each of the following conditions shall have been satisfied (it being understood that the condition set forth in clause (iii) below may be satisfied concurrently with
the occurrence of the First Amendment Effective Date): 
  
 (i) Borrower, TISM, each other Loan Party, Lenders constituting the Requisite Lenders (determined prior to giving effect to this First Amendment) and each Lender with a New Term Loan Commitment and/or converting Term Loans into Converted
New Term Loans pursuant to the Term Loan Conversion shall have signed a counterpart hereof (whether the same or different counterparts) and shall have delivered (including by way of facsimile transmission) the same to White & Case LLP, 1155
Avenue of the Americas, New York, NY 10036 Attention: May Yip (facsimile number 212-354-8113); 
  
 (ii) there shall have been delivered to Administrative Agent for the account of each Consenting Term Lender and each Lender with a New
Term Loan Commitment which has requested same, an appropriate New Term Note executed by Borrower in each case in the amount, maturity and otherwise as provided in the Credit Agreement; 
  
 (iii) there shall have been delivered to Administrative Agent copies of resolutions of the Board of
Directors of each Loan Party approving and authorizing the execution, delivery and performance of this Amendment and the Loan Documents as amended by this Amendment, certified as of the First Amendment Effective Date by the corporate secretary or an
assistant secretary of such Loan Party as being in full force and effect without modification or amendment; and 
  
 (iv) (x) all accrued and unpaid interest on all Term Loans shall have been paid in full (regardless of whether payment of such interest
would otherwise have been required pursuant to subsection 2.2C of the Credit Agreement) and (y) the principal of all outstanding Term Loans of Non-Consenting Term Lenders shall have been repaid in full. 
  

 -12- 

 6. By executing and delivering a copy hereof, each Loan Party hereby agrees that all Loans (including,
without limitation, the New Term Loans) shall be fully guaranteed pursuant to the Holdings Guaranty and the Subsidiaries Guaranty in accordance with the terms and provisions thereof and shall be fully secured pursuant to the Collateral Documents.

  
 7. From and after the First Amendment Effective Date, all
references in the Credit Agreement and each of the other Loan Documents to the Credit Agreement and the Security Agreement shall be deemed to be references to the Credit Agreement as modified hereby. 
  
 *        *        * 
  

 -13- 

 IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to execute and deliver
this Amendment as of the date first above written. 
  

			
	 TISM, INC.

		
	 By:
	 	 /s/ Harry Silverman

	 Name:
	 	 Harry Silverman

	 Title:
	 	 Vice President

	
	 DOMINO’S, INC.

		
	 By:
	 	 /s/ Harry Silverman

	 Name:
	 	 Harry Silverman

	 Title:
	 	 Vice President

	
	 DOMINO’S FRANCHISE HOLDING CO.
 (f/k/a Bluefence, Inc.)

		
	 By:
	 	 /s/ Harry Silverman

	 Name:
	 	 Harry Silverman

	 Title:
	 	 Vice President

	
	 JPMORGAN CHASE BANK, individually and as
 Administrative Agent

		
	 By:
	 	 /s/ Teri Streusand

	 Name:
	 	 Teri Streusand

	 Title:
	 	 Vice President

			
	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT, DATED AS OF NOVEMBER 25, 2003, AMONG DOMINO’S, INC., TISM, INC., J.P. MORGAN SECURITIES INC. AND CITIGROUP GLOBAL
MARKETS INC., AS ARRANGERS, THE LENDERS FROM TIME TO TIME PARTY THERETO, JPMORGAN CHASE BANK, AS ADMINISTRATIVE AGENT FOR LENDERS, CITICORP NORTH AMERICA, INC., AS SYNDICATION AGENT AND BANK ONE, NA, AS DOCUMENTATION AGENT
	
	 NAME OF INSTITUTION:

	
	 JP Morgan Chase Bank

		
	 By:
	 	 /s/ Teri Streusand

	 Name:
	 	 Teri Streusand

	 Title:
	 	 Vice President

 Each of the undersigned, each being a Subsidiary Guarantor under, and as defined in, the Credit Agreement
referenced in the foregoing First Amendment, hereby consents to the entering into of the First Amendment and agrees to the provisions thereof (including, without limitation, Part II, Section 6 thereof). 
  

			
	 DOMINO’S PIZZA LLC

	 DOMINO’S PIZZA INTERNATIONAL, INC.

	DOMINO’S PIZZA INTERNATIONAL PAYROLL SERVICES, INC.
	 DOMINO’S PIZZA PMC, INC.

	 DOMINO’S FRANCHISE HOLDING CO.

		
	 By:
	 	 /s/ Harry Silverman

	 Name:
	 	 Harry Silverman

	 Title:
	 	 Vice President

	
	DOMINO’S PIZZA GOVERNMENT SERVICES DIVISION, INC.
		
	 By:
	 	 /s/ James Betts

	 Name:
	 	 Nathaniel J. Betts

	 Title:
	 	 

 SCHEDULE 2.1 
  
 Lender Commitments 
  

														
	 Lender

	  	 Initial Term
 Loan
 Commitment

	  	 Tranche B
 Term Loans

	  	 New Term
 Loan
 Commitments

	  	 Converted
 New Term
 Loans

	  	 Revolving
 Loan
 Commitment

	 JPMorgan Chase Bank
	  	$	275,108,311.11	  	 	 	  	 	  	 	  	$	27,888,888.89
	 Citicorp North America, Inc.
	  	$	275,108,311.11	  	 	 	  	 	  	 	  	$	27,888,888.89
	 Bank of America
	  	 	 	  	 	 	  	 	  	 	  	$	7,000,000.00
	 Bank One, NA
	  	$	15,000,000.00	  	 	 	  	 	  	 	  	$	20,000,000.00
	 Bear Stearns Corporate Lending Inc.
	  	 	 	  	 	 	  	 	  	 	  	$	7,000,000.00
	 Credit Industriel Et Commerical
	  	$	6,000,000.00	  	 	 	  	 	  	 	  	$	6,000,000.00
	 Credit Suisse First Boston
	  	 	 	  	 	 	  	 	  	 	  	$	7,000,000.00
	 General Electric Capital Corporation
	  	$	9,000,000.00	  	 	 	  	 	  	 	  	 	 
	 Goldman Sachs Credit Partners L.P.
	  	 	 	  	 	 	  	 	  	 	  	$	7,000,000.00
	 Hamilton Floating Rate Fund, LLC
	  	$	2,000,000.00	  	 	 	  	 	  	 	  	 	 
	 KZH CypressTree-1 LLC
	  	$	4,000,000.00	  	 	 	  	 	  	 	  	 	 
	 KZH ING-2 LLC
	  	$	4,000,000.00	  	 	 	  	 	  	 	  	 	 
	 KZH Sterling LLC
	  	$	2,500,000.00	  	 	 	  	 	  	 	  	 	 
	 KZH Riverside LLC
	  	$	610,000.00	  	 	 	  	 	  	 	  	 	 
	 KZH Soleil LLC
	  	$	632,000.00	  	 	 	  	 	  	 	  	 	 
	 KZH Soleil-2 LLC
	  	$	1,263,600.00	  	 	 	  	 	  	 	  	 	 
	 KZH CNC LLC
	  	$	2,851,851.85	  	 	 	  	 	  	 	  	$	648,148.15
	 KZH Crescent LLC
	  	$	2,037,037.04	  	 	 	  	 	  	 	  	$	462,962.96
	 KZH Crescent 2 LLC
	  	$	2,851,851.85	  	 	 	  	 	  	 	  	$	648,148.15
	 KZH Crescent 3 LLC
	  	$	2,037,037.04	  	 	 	  	 	  	 	  	$	462,962.96
	 KZH Highland-2 LLC
	  	$	1,000,000.00	  	 	 	  	 	  	 	  	 	 
	 Lehman Commercial Paper, Inc.
	  	 	 	  	 	 	  	 	  	 	  	$	7,000,000.00
	 Standard Federal Bank, N.A.
	  	$	4,000,000.00	  	 	 	  	 	  	 	  	$	6,000,000.00
	 [INSERT ADDITIONAL LENDERS]
	  	 	 	  	 	 	  	 	  	 	  	 	 
	 	  	
	
	  	
	
	  	 	  	 	  	
	

	 Total
	  	$	610,000,000.00	  	$	0.00	  	 	  	 	  	$	125,000,000.00

 EXHIBIT III-A 
  
 [FORM OF NEW TERM NOTE] 
  
 PROMISSORY NOTE DUE JUNE 25, 2010 
  

			
	 $[1]
	 	New York, New York
	 	 	[Date]

  
 FOR VALUE RECEIVED,
DOMINO’S, INC., a Delaware corporation (“Borrower”) hereby promises to pay to [2] (“Payee”) or its registered assigns the principal amount of [3] ($[l]) in the installments referred to below. 
  
 Borrower promises to pay interest on the unpaid principal amount hereof, from
the date hereof until paid in full, at the rates and at the times which shall be determined in accordance with the provisions of that certain Credit Agreement, dated as of July 29, 2002 and amended and restated as of June 25, 2003, by and among
Borrower, TISM, INC., a Michigan corporation, the financial institutions from time to time party thereto (each individually referred to therein as a “Lender” and collectively as “Lenders”), J.P. MORGAN SECURITIES
INC. and CITIGROUP GLOBAL MARKETS INC., as joint lead arrangers, JPMORGAN CHASE BANK, as administrative agent for Lenders (in such capacity, “Administrative Agent”), CITICORP NORTH AMERICA, INC., as syndication agent, and BANK ONE,
NA, as documentation agent (as so amended and restated and as the same may be further amended, supplemented, restated and/or otherwise modified from time to time, the “Credit Agreement”, with the terms defined therein and not
otherwise defined herein being used herein as therein defined). 
  
 Borrower shall make principal payments on this Note in consecutive quarterly installments, commencing on September 30, 2003 and ending on June 25, 2010. Each such installment shall be due on the date specified in the Credit Agreement and in
an amount determined in accordance with the provisions thereof; provided that the last such installment shall be in an amount sufficient to repay the entire unpaid principal balance of this Note, together with all accrued and unpaid interest
thereon. 
  
 This Note is one of Borrower’s “New Term
Notes” in the aggregate principal amount of $540,000,000 and is issued pursuant to and entitled to the benefits of the Credit Agreement, to which reference is hereby made for a more complete statement of the terms and conditions under which the
New Term Loan evidenced hereby was made and is to be repaid, and the other Loan Documents. 

	[1]	Insert amount of Lender’s New Term Loan in numbers. 

	[2]	Insert Lender’s name in capital letters. 

	[3]	Insert amount of Lender’s New Term Loan in words. 

 EXHIBIT III-A 
 Page 2 
  
 All payments of
principal and interest in respect of this Note shall be made in lawful money of the United States of America in same day funds at the Funding and Payment Office or at such other place as shall be designated in writing for such purpose in accordance
with the terms of the Credit Agreement. Unless and until an Assignment Agreement effecting the assignment or transfer of this Note shall have been accepted by Administrative Agent and recorded in the Register as provided in subsection 10.1B(iv) of
the Credit Agreement, Borrower and Administrative Agent shall be entitled to deem and treat Payee as the owner and holder of this Note and the Loan evidenced hereby. Payee hereby agrees, by its acceptance hereof, that before disposing of this Note
or any part hereof it will make a notation hereon of all principal payments previously made hereunder and of the date to which interest hereon has been paid; provided, however, that the failure to make a notation of any payment made on
this Note shall not limit or otherwise affect the obligations of Borrower hereunder with respect to payments of principal of or interest on this Note. 
  
 Whenever any payment on this Note shall be stated to be due on a day which is not a Business Day, such payment shall be made on the next succeeding
Business Day and such extension of time shall be included in the computation of the payment of interest on this Note. 
  
 This Note is subject to mandatory prepayment as provided in subsection 2.4B(iii) of the Credit Agreement and to prepayment at the option of Borrower as
provided in subsection 2.4B(i) of the Credit Agreement. 
  
 THIS NOTE AND THE RIGHTS AND OBLIGATIONS OF BORROWER AND PAYEE HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING WITHOUT LIMITATION SECTION
5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES. 
  
 Upon the occurrence of an Event of Default, the unpaid balance of the principal amount of this Note, together with all accrued and unpaid interest
thereon, may become, or may be declared to be, due and payable in the manner, upon the conditions and with the effect provided in the Credit Agreement. 
  
 The terms of this Note are subject to amendment only in the manner provided in the Credit Agreement. 
  
 This Note is subject to restrictions on transfer or assignment as provided in
subsection 10.1 of the Credit Agreement. 
  
 No reference herein
to the Credit Agreement and no provision of this Note or the Credit Agreement shall alter or impair the obligations of Borrower, which are absolute and unconditional, to pay the principal of and interest on this Note at the place, at the respective
times, and in the currency herein prescribed. 
  
 After the
occurrence of an Event of Default, Borrower promises to pay all costs and expenses, including reasonable attorneys’ fees, all as provided in subsection 10.2 of the Credit Agreement, incurred in the collection and enforcement of this Note.
Borrower hereby 

 EXHIBIT III-A 
 Page 3 
  
 consents to renewals and extensions of
time at or after the maturity hereof, without notice, and hereby waives diligence, presentment, protest, demand and notice of every kind and, to the full extent permitted by law, the right to plead any statute of limitations as a defense to any
demand hereunder. 

 EXHIBIT III-A 
 Page 4 
  
 IN WITNESS WHEREOF,
Borrower has caused this Note to be duly executed and delivered by its officer thereunto duly authorized as of the date and at the place first written above. 
  

			
	 DOMINO’S, INC.

		
	 By:
	 	  

	 Name:
	 	 
	 Title:

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