Document:

Transition Agreement of Jon Luther

 Exhibit 10.9 
 [LETTERHEAD OF DUNKIN’ BRANDS, INC.] 
 June 30, 2010 

Mr. Jon Luther 
 410 Old Towne Lane

 Juno Beach, FL. 33408 
 Dear Jon,

 You have expressed a desire to transition your service to Dunkin’ Brands, Inc., a Delaware corporation (the
“Company”) and its parent, Dunkin’ Brands Group Holdings, Inc., a Delaware corporation (“Holdings”), to a non-executive role as Chairman of the Board of Directors of the Company and Holdings (the “Board”). Both the
Company and Holdings agree that this modification of your services will continue to allow the Company and Holdings to utilize and benefit from your experience and expertise. 
 You, the Company and Holdings have agreed that following midnight local time on the date hereof, June 30, 2010 (the “Transition Date”), you will continue to serve the Company and Holdings
as a director and as (non-executive) Chairman of the Board on the terms set forth herein. The purpose of this letter agreement (the “Agreement”) is to confirm the arrangements between and among you, the Company and Holdings concerning the
terms of your continued relationship with the Company and Holdings following the Transition Date, as follows: 
 1. Transition Period. Until the Transition Date, your service as the Chairman of the Board shall continue to be governed by the terms contained in the Amended and Restated Executive Employment
Agreement made and entered into by you, the Company and Holdings effective as of December 31, 2008, and as further amended as of January 6, 2009, (the “Employment Agreement”). Your right to receive the benefits under this
Agreement is expressly conditioned upon your continued compliance with your obligations under the Employment Agreement through the Transition Date; provided, that Section 5(e) of the Employment Agreement shall be of no further force and effect,
effective immediately. Immediately following the Transition Date, the Employment Agreement shall be of no further force and effect (except as expressly provided herein) and your continued relationship with the Company shall be governed by the terms
of this Agreement. 
 2. Resignation. 

(a) As of the Transition Date, you hereby resign your employment with the Company and Holdings and all other positions,
offices and directorships with the Company and Holdings, save only your position as a director and as Chairman of the Board. This resignation is irrevocable, effective immediately. You acknowledge and

  
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agree that you will not be entitled to any severance or termination pay or benefits under Section 5 of the Employment Agreement in respect of or related to such resignation. 

(b) On the next regular pay date for executives of the Company following the Transition Date, the Company will pay you:
(i) your base salary earned through the Transition Date and (ii) pay, at the rate of your base salary, for the number of days of vacation you have earned but not used as of the Transition Date. 

(c) Subject to your compliance with Section 2(e) below, the Company will pay you (i) $250,000 in respect of the
fiscal year 2009 incentive bonus and (ii) in a lump sum the gross amount of $1,750,000. Such payments will be made on the 30th day following the Transition Date. 

(d) Your existing deferred compensation balance of $754,997.59 will be paid out in accordance with the terms of the
existing deferral arrangement upon your separation from service as defined in Section 1.409A-1(h) of the Treasury regulations. 
 (e) Within 21 days of the Transition Date, you, Holdings and the Company will execute the Release Agreements attached hereto as Exhibit A and B. Your right to receive the compensation and benefits
provided under this Agreement (other than those provided under Section 2(b) hereof) are expressly conditioned on your signing and not revoking such Release Agreement prior to the payment date. 

3. Continued Service as a Director and as Chairman. During the period commencing on the Transition Date and ending upon the
termination of your service pursuant to Section 11 hereof (such period, the “Term”), you will serve Holdings and the Company as a director and as (non-executive) Chairman of the Board. During the Term, you will perform those
duties and functions customarily performed by a non-executive chairman of a board of directors. In addition, and with no additional compensation, you shall perform services on behalf of Holdings and the Company on projects mutually agreed upon by
you and the Board from time to time. Holdings and the Company acknowledge that you will be based out of your home office located in Florida; provided, that you may be required to travel to the Company’s headquarters in Canton, Massachusetts and
elsewhere, from time to time, as reasonably required to perform your duties hereunder. 
 4. Compensation. During the
Term, as full compensation for all services performed by you on behalf of Holdings and the Company, the Company will provide you the following compensation: 
 (a) The Company will pay you an outside director’s fee at the rate of $50,000 per annum for such time as you serve as a director (including as Chairman) (the “Board Fee”). The Board Fee
shall be payable quarterly in arrears, with the first payment due on September 30, 2010. 
 (b) The Company
will pay you a per annum chairman fee in the amounts set forth below during your continued service as Chairman (the “Chairman Fee”). The Chairman Fee shall be paid quarterly in arrears, with the first payment due September 30, 2010.
The per annum amounts of the Chairman Fee shall be as follows: 

  
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	 	(i)	$1,000,000 for the period from July 1, 2010 to June 30, 2011; 

  

	 	(ii)	$500,000 for the period from July 1, 2011 to June 30, 2012; and 

  

	 	(iii)	$250,000 for the period from July 1, 2012 to June 30, 2013. 

(c) You agree to enroll and to cause your wife to enroll in Medicare Part B coverage as soon as practicable after the date
hereof. During the Final Term, following such enrollment in Medicare Part B coverage, the Company will reimburse you for the full premium cost of a Medicare supplemental insurance policy for you and your wife through the Blue Cross Blue Shield of
Florida Blue Medicare PPO (“Blue Cross Medicare”)(or equivalent coverage through another provider that has a monthly premium cost that is no greater than the Blue Cross Medicare). At the end of the Final Term, to the extent that you seek
other Medicare supplemental insurance, the Company will use commercially reasonable efforts to assist you in ensuring that such transition will not cause a disruption of coverage due to limitations on preexisting conditions, provided that you will
be responsible for paying all premiums and for taking all actions reasonably required to obtain or continue such coverage following the end of the Final Term. 
 (d) During the Final Term, the Company shall reimburse you for the following insurance costs, provided that you have taken all actions reasonably necessary to enroll in the applicable benefit coverage:
(1) monthly premium cost of dental insurance, with coverage as comparable as possible to the dental insurance provided during your employment; (2) premium cost of basic term life insurance in the face amount of $520,000 through the
Hartford Insurance Company, pursuant to conversion coverage under the Company’s group term life insurance plan; (3) premium cost of Executive Life Insurance through Security Connecticut in the face amount of $1,000,000; (4) $50,000
per year in respect of the annual premium on the policy of whole life insurance heretofore provided to you pursuant to Section 4(e) of the Employment Agreement (the “Whole Life Policy”). Such payments shall be made quarterly in
arrears, with the first such payment due on September 30, 2010. The life insurance trust that you have established shall continue to be the owner of the Whole Life Policy. 

(e) The Company shall pay or reimburse you for all reasonable business expenses incurred or paid by you in the performance
of your duties hereunder during the Term, upon submission of documentation in accordance with the Company’s then regular procedures for substantiation of expenses. Any reimbursement under this Agreement that would constitute nonqualified
deferred compensation subject to Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), shall be subject to the following additional rules: (i) no reimbursement of any such expense shall affect your right to
reimbursement of any such expense in any other taxable year; (ii) reimbursement of the expense shall be made, if at all, promptly, but not later than the end of the calendar year following the calendar year in which the expense was incurred;
and (iii) the right to reimbursement shall not be subject to liquidation or exchange for any other benefit. 

(f) The Company shall provide you with adequate administrative support consistent with your then-current role as a
director and/or as Chairman. 

  
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 You acknowledge and agree that during the Term you will not be entitled to any increases in the
Director’s Fee or the Chairman Fee. The treatment of your equity awards outstanding as of the Transition Date will be as set forth in Section 5 of this Agreement. 
 5. Stock Options; Restricted Stock; Other Equity. 
 (a)
Except as expressly provided herein, the 8,014,729.90 shares of restricted Class A common stock of Holdings (the “Restricted Shares”) that were granted to you pursuant to that certain Restricted Stock Award and Special Bonus Agreement
effective as of May 26, 2006 (the “Restricted Stock Agreement”) by and among Holdings and you and designated Tranche 1 Shares, Tranche 2 Shares and Tranche 3 Shares shall continue to be governed by the terms of the Restricted
Stock Agreement, Holdings’ 2006 Executive Incentive Plan (as it may be amended from time to time, the “Plan”) and the other agreements referenced therein. 

 

	 	(i)	Effective as of the Transition Date, you will be fully vested in the Tranche 1 shares under the Restricted Stock Agreement. 

 

	 	(ii)	Through the earlier of the end of the Term or December 31, 2010, your continued service hereunder shall be deemed to constitute “employment” for purposes
of the Restricted Stock Agreement and you shall continue to vest in your Tranche 2 shares thereunder. 

  

	 	(iii)	Through the earlier of the end of the Term or June 30, 2013, your continued service hereunder shall be deemed to constitute “employment” for purposes of
the Restricted Stock Agreement; and you shall be eligible to vest in the Tranche 3 shares thereunder (subject to meeting the Investor IRR hurdles set forth in the Restricted Stock Agreement). 

(b) You hereby waive your rights to have Holdings purchase all or any portion of your equity interests in Holdings,
including your rights under Section 11 of the Employment Agreement (Executive Put Option Upon Termination) with respect to all Vested Shares (as defined in the Employment Agreement). Holdings and the Company each hereby waives its rights to
call all or any portion of your equity interests in Holdings, including the rights provided under the Stockholders Agreement among Holdings, Dunkin’ Brands Holdings, Inc., the Company and Certain Stockholders of Holdings dated March 1,
2006, as amended from time to time. 
 6. No Eligibility for Benefits, Plans or Paid Time Off. 

(a) You acknowledge and agree that after the Transition Date neither you nor any member of your family nor any other
person claiming through you shall be eligible to participate in or receive benefits under any of the employee benefit plans, programs or arrangements maintained by Holdings, the Company or any of their subsidiaries as a result of your service under
this Agreement; and that neither you nor any person claiming through you shall be eligible to participate in any bonus, incentive or other compensation plan, program or arrangement of any kind, whether payable in cash or in equity, maintained by
Holdings, the Company or any of their subsidiaries, as a result of your performance hereunder (all of the foregoing benefit and compensation plans, programs 

  
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and arrangements, hereafter, the “Plans”). You shall not be eligible for paid holidays, vacation or other paid time off during the Term. 

(b) You hereby waive irrevocably any and all rights to participate in, or receive benefits under, any of the Plans after
the Transition Date, excluding only any rights you or any of your qualified beneficiaries may have to participate at your or their cost in the Company’s group health plan through the federal law commonly known as “COBRA” as a result
of your prior employment with the Company. Excluding only claims arising under the Company’s health plans as a result of participation through COBRA, you agree not to make a claim under any of the Plans and you agree to indemnify and hold
harmless the Company and the Plans and all of those connected with them from any liability of any kind in any way arising out of or connected with any such claim by you or by any dependent or other individual claiming through you. 

7. Limitations on Authority. You acknowledge and agree that you shall have no right, power or authority to bind the Company or
Holdings to the fulfillment of any condition, contract or obligation or to create any liability binding on the Company or Holdings at any time during the Term or thereafter and you shall make no attempt to do so. The Company and Holdings will not be
responsible for any expenses or liabilities incurred by you, other than business expenses subject to reimbursement in accordance with Section 4(e) above. 
 8. Relationship of the Parties. You, the Company and Holdings acknowledge and agree that you are an independent contractor in the performance of services under this Agreement and that nothing
contained in this Agreement is intended to create an employment relationship, partnership or joint venture between the Company or Holdings on the one hand, and you on the other. As an independent contractor, you will work independently and will not
receive training or direction from the Company or Holdings. 
 9. Taxes. As an independent contractor, you shall be
solely responsible for unemployment insurance and for the withholding and payment of any and all federal, state, and local income taxes and social security and Medicare taxes and other legally-required payments on any sums received from Holdings or
the Company under this Agreement, except with respect to withholding and the employer paid portion of the taxes with respect to those payments set forth in Paragraph 2(c). You have represented to the Company that you are currently a Florida
resident. You agree to indemnify and hold harmless the Company, Holdings and their respective shareholders, directors, officers, employees, affiliates, agents, successors and assigns, from any and all losses, costs and expenses, including without
limitation attorneys’ fees, and any other liabilities incurred by any of the foregoing as a result of your failure to meet your obligations in this Paragraph 9. 
 10. Insurance. You acknowledge that, other than directors and officers liability insurance, or as expressly provided herein, neither the Company nor Holdings maintains any insurance on your behalf
and that it is your sole responsibility to obtain and keep in force such insurance as you determine appropriate. You assume all risk in connection with the adequacy of any and all such insurance which you elect to obtain. 

11. Termination. Your service under this Agreement following the Transition Date shall continue until terminated pursuant to this
Section 11. 

  
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 (a) Your service hereunder shall end at the expiration of the Final Term on
June 30, 2013. 
 (b) The Company may terminate your service as either a director or as Chairman or both,
for Cause (as defined below) upon notice to you setting forth in reasonable detail the nature of the cause. 

(c) The Company may earlier terminate your service as either a director or as Chairman or both, at any time other than for
Cause upon notice to you. 
 (d) You may earlier terminate your service as either a director or as Chairman or
both, at any time upon sixty (60) days’ notice to the Company. The Company may, in its sole discretion, elect to waive such notice period or any portion thereof; but in that event, the Company shall pay you your Director’s Fee and
Chairman Fee for that portion of the notice period so waived. 
 (e) Your service hereunder will terminate
automatically in the event of your death during the Term. 
 12. Effect of Termination. 

(a) Upon any termination of your service as a director or as Chairman by the Company for Cause, by you for any reason or
upon the expiration of the Final Term, you will only be entitled to receive (i) the Director’s Fee and Chairman Fee or both, as appropriate, pro-rated through the effective date of such termination and, if appropriate, (ii) any
business expenses reasonably incurred by you but un-reimbursed on the date of termination, provided that such expenses and required substantiation and documentation are submitted within fifteen (15) days following the date of termination
(“Final Compensation”). Final Compensation shall be paid to you in accordance with applicable law, plan terms or the Company’s generally-applicable expense reimbursement policy, as applicable. 

(b) In the event that during the Final Term (i) the Company terminates your service as a director or as Chairman
without Cause or (ii) your service is terminated by death or (iii) you are not re-elected as a director and no circumstances exist that would constitute Cause, then, in addition to Final Compensation to which you are due, the Company will
pay you or your estate the balance of the Chairman Fee and/or Board Fee or both, as appropriate, that would otherwise be due if your service had continued for the balance of the Final Term, in a lump sum on the 60th days following the date of
termination (the “Severance Benefit”). The Company’s obligation to pay the Severance Benefit is expressly conditioned on your or your representative’s signing and returning to the Company (without revoking) a timely and effective
release of claims in the form provided by the Company by the deadline specified therein, which in all events shall be no later than the forty-fifth (45th) calendar day following the date of termination (any such release submitted by such
deadline, the “Release of Claims”). 
 13. Confidential Information. 

  
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 (a) You acknowledge that the Company and its Affiliates continually develop
Confidential Information, that you have developed Confidential Information for the Company and its Affiliates and will continue to do so, and that you have learned of and will continue to learn of Confidential Information during the course of your
service hereunder. You will comply with the policies and procedures of the Company and its Affiliates for protecting Confidential Information and will not disclose to any Person or use, other than as required by applicable law or for the proper
performance of your duties and responsibilities to the Company and its Affiliates, any Confidential Information obtained by you incident to your prior employment, your service or your association with the Company or any of its Affiliates, provided
that you may divulge any Confidential Information that may be required by law and may disclose such information to your personal advisors for purposes of enforcing or interpreting this Agreement. You understand that this restriction shall continue
to apply after your service hereunder terminates, regardless of the reason for such termination. The confidentiality obligation under this Section 13 shall not apply to information which is generally known or readily available to the public at
the time of disclosure or becomes generally known through no wrongful act on the part of you or any other Person having an obligation of confidentiality to the Company or any of its Affiliates. Following termination of your service hereunder, you
will not communicate or divulge any Confidential Information without the Company’s prior written consent or as may otherwise be required by law or legal process. 

(b) All documents, records, tapes and other media of every kind and description relating to the business of the Company or
its Affiliates and any copies, in whole or in part, thereof (the “Documents”), whether or not prepared by you, shall be the sole and exclusive property of the Company and its Affiliates. You will surrender to the Company at the time your
service hereunder terminates all property of the Company, including without limitation all Documents containing Confidential Information then in your possession. 

(c) You will not disclose to or use on behalf of the Company any proprietary information of a third party without such
party’s consent. 
 14. Assignment of Rights to Intellectual Property. You hereby assign and agree to assign to the
Company (or as otherwise directed by the Company) your full right, title and interest in and to all Intellectual Property developed during the term of your service hereunder. Subject to the foregoing, you agree to execute any and all applications
for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts requested by the Company to assign the Intellectual Property so developed to the Company and to permit the Company to enforce any patents, copyrights
or other proprietary rights to the Intellectual Property. All copyrightable works that you create will be considered “work made for hire” and will, upon creation, be owned exclusively by the Company. 

15. Restricted Activities. You agree that some restrictions on your activities during and after your service hereunder are
necessary to protect the good will, Confidential Information and other legitimate interests of the Company and its Affiliates: 

  
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 (a) While you serve as either a director or as Chairman of the Board, and
for two (2) years after the date on which your service in both positions has terminated (the “Restricted Period”), without the prior written consent of the Board you will not, directly or indirectly, whether as owner, partner,
investor, consultant, agent, employee, co-venturer or otherwise, compete with the Company or any of its Affiliates or undertake any planning for any business competitive with the Company or any of its Affiliates. Specifically, but without limiting
the foregoing, without the prior written consent of the Board you agree not to engage in any manner in any activity that is directly or indirectly competitive with the business of the Company or any of its Affiliates as conducted during prior to the
date hereof and during your employment or during the Term and further agree not to work or provide services, in any capacity, whether as an employee, independent contractor or otherwise, whether with or without compensation, to any Person who is
engaged in any business that is competitive with the business of the Company or any of its Affiliates for which you have provided services. Restricted activity includes without limitation accepting employment with any Person who is, or at any time
within one year prior to termination of your services hereunder has been, a franchisee of the Company or any of its Affiliates. For the purposes of this Section 15, the business of the Company and its Affiliates shall include all Products and
your undertaking shall encompass all items, products and services that may be used in substitution for Products. The foregoing, however, shall not prevent your passive ownership of two percent (2%) or less of the equity securities of any
publicly traded company. 
 (b) You agree that, during the Restricted Period, without the prior written consent
of the Board you will not directly or indirectly (a) solicit or encourage any franchisee of the Company or any of its Affiliates to terminate or diminish its relationship with them; or (b) seek to persuade any such franchisee or
prospective franchisee of the Company or any of its Affiliates to conduct with anyone else any business or activity which such franchisee or prospective franchisee conducts with the Company or any of its Affiliates; provided that these restrictions
shall apply (y) only with respect to those Persons who are or have been a franchisee of the Company or any of its Affiliates at any time within the immediately preceding one year or whose business has been solicited on behalf of the Company or
any of the Affiliates by any of their officers, employees or agents (and of which you have actual knowledge) within said one year period, other than by form letter, blanket mailing or published advertisement, and (z) only if you have performed
work for such Person during your employment with the Company or one of its Affiliates or been introduced to such Person as a result of your employment or other associations with the Company or one of its Affiliates. 

(c) You agree that during the Restricted Period, without the prior written consent of the Board you will not, and will not
assist any other Person to, (a) hire or solicit for hiring any employee of the Company or any of its Affiliates as of the date of such solicitation or was employed by the Company or any of its Affiliates during the six (6) months prior to
your termination of employment, or seek to persuade any employee of the Company or any of its Affiliates to discontinue employment or (b) solicit or encourage any independent contractor providing services to the Company or any of its Affiliates
to terminate or diminish its relationship with them. For the purposes of this Agreement, an “employee” of the Company or any of its Affiliates is any person who was such at any time within the preceding year. For purposes hereof, general
solicitations not 

  
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directed at a particular person or advertising in media directed at the general public shall not provide the basis for a claim by the Company that you violated this Section. 

16. Enforcement of Covenants. You acknowledge that you have carefully read and considered all the terms and conditions of this
Agreement, including the restraints imposed upon you pursuant to Sections 13, 14 and 15 hereof. You agree without reservation that each of the restraints contained herein is necessary for the reasonable and proper protection of the goodwill,
Confidential Information and other legitimate interests of the Company and its Affiliates; that each and every one of those restraints is reasonable in respect to subject matter, length of time and geographic area; and that these restraints,
individually or in the aggregate, will not prevent you from obtaining other suitable employment during the period in which you are bound by these restraints. You further acknowledge that, were you to breach any of the covenants contained in Sections
13, 14 or 15 hereof, the damage to the Company would be irreparable. You therefore agree that the Company, in addition to any other remedies available to it, will be entitled to preliminary and permanent injunctive relief against any breach or
threatened breach by you of any of said covenants, without having to post bond, as well as to its reasonable attorneys’ fees and costs incurred in connection with such breach. The parties further agree that, in the event that any provision of
Section 13, 14 or 15 hereof shall be determined by any court of competent jurisdiction to be unenforceable by reason of its 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. 
 17. Definitions.
Words or phrases which are initially capitalized or are within quotation marks shall have the meanings provided in this Section and as provided elsewhere herein. For purposes of this Agreement, the following definitions apply: 

(a) “Affiliates” means all persons and entities directly or indirectly controlling, controlled by or
under common control with the Company, where control may be by either management authority, contract or equity interest. 
 (b) “Cause” means: (i) your conviction of or pleading nolo contendere to a crime of moral turpitude, breach of trust or unethical business conduct, or any crime involving the
Company or its Affiliates, in each case that constitutes a felony; (ii) your continuing willful and material breach of any of Sections 13, 14 or 15 of this Agreement; (iv) your engagement in willful gross misconduct, fraud,
misappropriation or embezzlement which has caused material and demonstrable harm to the Company or its Affiliates. Within thirty (30) days of the notice of the Company of Cause and prior to any such termination, you shall be given an
opportunity to make a presentation to the Board (accompanied by counsel or other representative if so desired) at a meeting of the Board. Following such meeting the Board shall determine whether to terminate your services and shall notify you of its
determination. For purposes of this definition, no act or failure to act on your part shall be considered “willful” unless it is done, or omitted to be done, by you in bad faith or without reasonable belief that your action or omission is
in the bests interests of the Company. Any act or failure to act that is based upon authority given by a resolution duly adopted by the Board or based upon the advice of counsel for the Company, shall be conclusively presumed to be done, or omitted
to be done, by you in good faith and in the best interests of the Company. 

  
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 (c) “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, and any and all information, publicly known in whole or in part or not, which, if disclosed by the Company or its Affiliates
would assist in competition against them. Confidential Information includes without limitation such information relating to (i) the development, research, testing, manufacturing, marketing and financial activities of the Company and its
Affiliates, (ii) the Products, (iii) the costs, sources of supply, financial performance and strategic plans of the Company and its Affiliates, and (iv) the identity and special needs of the customers or franchisees of the Company and
its Affiliates. Confidential Information also includes any information that the Company or any of its Affiliates have received, or may receive hereafter, belonging to franchisees or others with any understanding, express or implied, that the
information would not be disclosed. 
 (d) “Final Term” means the period of time from July 1, 2010
to June 30, 2013. 
 (e) “Intellectual Property” means inventions, discoveries,
developments, methods, processes, compositions, works, concepts and ideas that are patentable or copyrightable or constitute trade secrets conceived, made, created or developed by you (whether alone or with others, whether or not during normal
business hours or on or off Company premises) during your service that relate to either the Products or any prospective activity of the Company or any of its Affiliates or that make use of Confidential Information or any of the equipment or
facilities of the Company or any of its Affiliates. 
 (f) “Person” means an individual, a
corporation, a limited liability company, an association, a partnership, an estate, a trust and any other entity or organization, other than the Company or any of its Affiliates. 

(g) “Products” mean all products researched, developed, manufactured, sold, licensed, leased or otherwise
distributed or put into use by the Company or any of its Affiliates, together with all services provided by the Company or any of its Affiliates, during your service. 
 18. Miscellaneous. 
 (a) Amendments and
Waivers. Any term of this Agreement may be amended or waived only with the written consent of the parties. 
 (b) Entire Agreement. This Agreement constitutes the entire agreement between the parties and supersedes all prior communications, agreements and understandings, written or oral, with
respect to your employment, its termination and all related matters, specifically including the Employment Agreement, and excepting only your rights and obligations with respect to the securities of Holdings; all of which shall remain in full force
and effect according to their terms. 
 (c) Notices. Any and all notices, requests, demands and
other communications provided for by this Agreement shall be in writing and shall be effective 

  
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when delivered in person, consigned to a reputable national courier service or deposited in the United States mail, postage prepaid, registered or certified, and addressed to you at your last
known address on the books of the Company or, in the case of the Company, at its principal place of business, attention of the General Counsel, or to such other address as either party may specify by notice to the other actually received.

 (d) Governing Law. This is a Massachusetts contract and shall be construed and enforced under
and be governed in all respects by the laws of the Commonwealth of Massachusetts, without regard to the conflict of laws principles thereof. The Company, Holdings and you each irrevocably and unconditionally (i) agree that any suit, action or
proceeding commenced by either party against the other will be brought in The Commonwealth of Massachusetts, (ii) consents to the non-exclusive jurisdiction of any such court in any such suit, action or proceeding, and (iii) waives any
objection which either party may have to the laying of venue of any such suit, action or proceeding in any such court. The Company, Holdings and you each also irrevocably and unconditionally consents to the service of any process, pleadings, notices
or other papers in a manner permitted by the notice provisions of subsection (d) above. 
 (e)
Severability. If any portion or provision of this Agreement shall to any extent be declared illegal or unenforceable by a court of competent jurisdiction, then the remainder of this Agreement, or the application of such portion or
provision in circumstances other than those as to which it is so declared illegal or unenforceable, 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. 
 (f) Section 409A. Each payment made under this Agreement shall be treated as a
separate payment and the right to a series of installment payments under this Agreement is to be treated as a right to a series of separate payments. Notwithstanding anything to the contrary in this Agreement, if at the time of your separation from
service , you are a “specified employee,” as defined below, any and all amounts payable under Section 7 on account of such separation from service that would (but for this provision) be payable within six (6) months following the
date of termination, will instead be paid on the next business day following the expiration of such six (6) month period or, if earlier, upon your death; except (A) to the extent of amounts that do not constitute a deferral of compensation
within the meaning of Treasury regulation Section 1.409A-1(b) (including without limitation by reason of the safe harbor set forth in Section 1.409A-1(b)(9)(iii), as determined by the Company in its reasonable good faith discretion); or
(B) other amounts or benefits that are not subject to the requirements of Section 409A of the Code. For purposes of this Agreement, all references to “termination of employment” and correlative phrases shall be construed to
require a “separation from service” (as defined in Section 1.409A-1(h) of the Treasury regulations after giving effect to the presumptions contained therein), and the term “specified employee” means an individual determined
by the Company to be a specified employee under Treasury regulation Section 1.409A-1(i). 
 (g)
Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together will constitute one and the same instrument. 

  
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 (h) Assignment. Neither you nor the Company nor Holdings may
make any assignment of this Agreement or any interest in it, by operation of law or otherwise, without the prior written consent of the other; provided, however, the Company or Holdings may assign its rights and obligations under this Agreement to
one of its Affiliates or to any Person with whom the Company or Holdings shall hereafter effect a reorganization, consolidate with, or merge into or to whom it transfers all or substantially all of its properties or assets. This Agreement shall
inure to the benefit of and be binding upon you, Holdings and the Company, and each of our respective successors, executors, administrators, heirs and permitted assigns. 

(i) Indemnification. The Company shall indemnify and hold you harmless, to the full extent permitted by applicable
law, for, from and against any and all losses, claims, costs, expenses, damages, liabilities or actions, in each case resulting from third party claims relating to or arising out of your service to the Company prior to or after this Agreement, other
than third party claims relating to or arising out of your willful misconduct or gross negligence, and shall pay and advance all reasonable costs, expenses and attorneys’ fees incurred by you in connection with or relating to the defense of any
such loss, claim, cost, expense, damage, liability or action. The Company shall cause any director liability insurance applicable to you to remain in effect for six (6) years following your termination of service for any reason. 

(j) Dispute Resolution. In the event of any dispute regarding this Agreement or your service to the Company, the
Company agrees to reimburse all reasonable legal fees and other expenses incurred by you in any such dispute if you prevail as to one or more of the material issues in such dispute. 

(k) Survival. This Agreement shall survive the expiration of the term hereof and the termination of your
service hereunder under any circumstances to the extent necessary to give effect to its provisions. 
 [Remainder of page
intentionally left blank.] 

  
 12 

 If the terms of this Agreement are acceptable to you, please sign, date and return it to me.
When you sign it, this letter will take effect as a legally-binding agreement under seal between and among you, the Company and Holdings on the basis set forth above. The enclosed copy of this letter, which you should also sign and date, is for your
records. 
  

									
	DUNKIN’ BRANDS, INC.	 		 	DUNKIN’ BRANDS GROUP HOLDINGS, INC.
					
	By:	 	/s/ Richard Emmett	 		 	By:	 	/s/ Richard Emmett
					
	Title:	 	SR.V.P. & G.C.	 		 	Title:	 	SR.V.P. & G.C.
				
	Accepted and Agreed:	 		 		 	
				
	/s/ Jon Luther	 		 		 	6/30/10
	Jon Luther	 		 		 	Date

 EXHIBIT A 
 RELEASE AGREEMENT OF MR. LUTHER 
 FOR AND IN CONSIDERATION OF the compensation and benefits
to be provided to me pursuant to the letter agreement to which this Release of Claims is attached (the “Transition Agreement”), which are conditioned on my signing this Release of Claims and to which I am not otherwise entitled and other
good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, I, on my own behalf and on behalf of my heirs, executors, administrators, beneficiaries, representatives and assigns, and all others connected with or
claiming through me, hereby release and forever discharge Dunkin’ Brands, Inc., a Delaware corporation (the “Company”) and its parent, Dunkin’ Brands Group Holdings, Inc., a Delaware corporation (“Holdings”)
(collectively, the “Releasees”), their subsidiaries and other affiliates and all of their respective past, present and future officers, directors, trustees, shareholders, employees, agents, employee benefit plans, general and
limited partners, members, managers, joint venturers, representatives, successors and assigns, and all others connected with any of them, both individually and in their official capacities, from any and all causes of action, rights or claims of any
type or description, known or unknown, which I have had in the past, now have, or might now have, through the date of my signing of this Release Agreement, pursuant to any federal, state or local law, regulation or other requirement (including
without limitation Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Americans with Disabilities Act, and the fair employment practices laws of the state or states in which I was previously employed by any of
the Releasees or otherwise had a relationship with any of them or any of their subsidiaries or other affiliates, each as amended from time to time). 
 Excluded from the scope of this Release of Claims is (i) any claim arising after the effective date of this Release Agreement and (ii) any right of indemnification or contribution that I have
pursuant to the Articles of Incorporation or By-Laws of the Company, or Holdings or any of their subsidiaries or other affiliates. 
 I
acknowledge and agree that the payments provided under Section 2 of the Transition Agreement are in complete satisfaction of any and all compensation due to me from the Releasees, whether for services provided to the Releasees or otherwise,
through the Transition Date and that, except as expressly provided in the Agreement, no further compensation is owed to me pursuant to the Employment Agreement or otherwise. Capitalized terms not defined in this Release Agreement are defined in the
Transition Agreement. 
 In signing this Release of Claims, I acknowledge my understanding that I may consider the terms of this Release
Agreement for up to 21 days from the date I receive it and that I may not sign this Release Agreement until after the Transition Date. I also acknowledge that I am advised by the Releases to seek the advice of an attorney prior to signing this
Release Agreement; that I have had sufficient time to consider this Release Agreement and to consult with an attorney, if I 

 
wished to do so, or to consult with any other person of my choosing before signing; and that I am signing this Release Agreement voluntarily and with a full understanding of its terms.

 I further acknowledge that, in signing this Release Agreement, I have not relied on any promises or representations, express or implied, that
are not set forth expressly in the Agreement. I understand that I may revoke this Release Agreement at any time within seven (7) days of the date of my signing by written notice to the Company’s General Counsel and that this Release
Agreement will take effect only upon the expiration of such seven-day revocation period and only if I have not timely revoked it. 
 Intending
to be legally bound, I have signed this Release Agreement under seal as of the date written below. 
  

			
	Signature:	 	/s/ Jon L. Luther
	Name (please print):	 	Jon L. Luther
		
	Date Signed:	 	7/7/10

 EXHIBIT B 
 RELEASE AGREEMENT OF THE COMPANY AND HOLDINGS 
 FOR AND IN CONSIDERATION OF the mutual
promises and covenants contained in the letter agreement to which this Release Agreement of the Company and Holdings is attached and other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, Dunkin’
Brands, Inc., a Delaware corporation (the “Company”) and its parent, Dunkin’ Brands Group Holdings, Inc., a Delaware corporation (“Holdings”) each, on behalf of itself, its subsidiaries and other affiliates and its assigns,
hereby releases and forever discharges Jon Luther and his heirs, executors, administrators, beneficiaries, representatives and assigns, and all others connected with any of them, both individually and in their official capacities, from any and all
causes of action, rights or claims of any type or description, known or unknown, which either the Company or Holdings has had in the past, now has, or might now have, through the date of the signing of this Release of Claims, connected with or
arising out of Mr. Luther’s employment or other relationship with the Company and/or Holdings or pursuant to any federal, state or local laws, regulations or other requirements. 
 Excluded from the scope of this Release Agreement of the Company and Holdings are any causes of action, rights and claims arising after its effective date. Also excluded are any causes of action, rights
and claims arising from any fraudulent or criminal conduct by Mr. Luther. 
 Intending to be legally bound, the Company and Holdings have
signed this document under seal as of the date written below. 
  

									
	DUNKIN’ BRANDS, INC.	 		 	DUNKIN’ BRANDS GROUP HOLDINGS, INC.
					
	By:	 	 	 		 	By:	 	 
					
	Title:	 	 	 		 	Title:First Amended and Restated Executive Employment Agreement

 Exhibit 10.10 
 FIRST AMENDED AND RESTATED 
 EXECUTIVE EMPLOYMENT AGREEMENT

 THIS FIRST AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered
into by and between Dunkin’ Brands, Inc., a Delaware corporation with its principal place of business at Canton, Massachusetts (the “Company”), Dunkin Brands’ Group, Inc., a Delaware corporation
(“Holdings”), and Nigel Travis (the “Executive”), effective as of May 3, 2011 (the “Extension Date”). 
 WHEREAS, the operations of the Company and its Affiliates are a complex matter requiring direction and leadership in a variety of areas, including financial, strategic planning, regulatory, community
relations and others; 
 WHEREAS, the Executive is possessed of certain experience and expertise that qualify him to provide the
direction and leadership required by the Company and its Affiliates; 
 WHEREAS, subject to the terms and conditions hereinafter
set forth, the Company and Holdings wish to continue employing the Executive as their Chief Executive Officer and the Executive wishes to continue serving in such employment; 
 NOW, THEREFORE, in consideration of the foregoing premises and the mutual promises, terms, provisions and conditions set forth in this Agreement, the parties hereby agree: 

1. Employment. Effective as of the date first written above and subject to the terms and conditions set forth in this Agreement,
the Company and Holdings hereby offer, and the Executive hereby accepts, continuing employment. 
 2. Term. Subject to
earlier termination as hereinafter provided, the Executive’s employment commenced on or about January 6, 2009 (the “Start Date”), has continued through the Extension Date, and shall continue for a term of five
(5) years from the Extension Date. The term of this Agreement is hereinafter referred to as “the term of this Agreement” or “the term hereof.” The parties agree that they will meet to discuss the possibility of an extension
to the term of this Agreement within six months following the fourth anniversary of the Extension Date, it being understood that any such extension must be mutually agreed to in writing by the Executive, and the Company and Holdings. 

3. Capacity and Performance. 
 (a) During the term hereof, the Executive shall serve as the Chief Executive Officer of the Company and Holdings, reporting to the Boards of Directors of Holdings and the Company (the
“Board”) and the Chairman thereof. At all times during the term hereof, the Executive shall be a member of the Executive Committee of the Board. In addition, and without further compensation, the Executive shall serve as a director
and/or officer of one or more of the Company’s Affiliates, if so elected or appointed from time to time. 

 (b) During the term hereof, the Executive shall be employed by the Company on a full-time
basis and shall perform the duties consistent with his position for the Company, for Holdings, and for their Affiliates. 
 (c)
During the term hereof, the Executive shall devote substantially all of his business time and efforts, business judgment, skill and knowledge to the performance of his duties hereunder; provided, however, that the Executive may devote reasonable
amounts of time to serving (i) as a director or a member of any industry, trade, professional, governmental, religious, educational or charitable organization; (ii) in any academic position; (iii) in such activities and positions as
set out on Exhibit A; or (iv) in such activities and positions as may be expressly approved by the Board; so long as, in each case, the services do not interfere with the performance of the Executive’s services hereunder.

 4. Compensation and Benefits. As compensation for all services performed by the Executive during the term hereof, the
Executive shall receive the following: 
 (a) Base Salary. Following the Extension Date and during the term hereof, the
Company shall pay the Executive a base salary at the rate of Eight Hundred and Sixty-one Thousand Dollars ($861,000) per annum, payable in accordance with the Company’s payroll practices for its executives and subject to increase (but not to
decrease) from time to time by the Board, in its sole discretion. Such base salary, as from time to time increased, is hereinafter referred to as the “Base Salary”. 

(b) Incentive and Bonus Compensation. During the term hereof, the Executive shall be entitled to receive a bonus based on the
achievement of a target set by the Board and based on the Company’s earnings before interest, taxes, depreciation, and amortization (“EBITDA”) for such year, as determined by the Company’s independent accountants. If
targeted EBITDA is achieved, the Executive will receive a bonus of One Hundred Percent (100%) of Base Salary. If the targeted EBITDA is exceeded by 5%, but less than 10%, the Executive will receive a bonus of One Hundred Twenty-Five Percent
(125%) of Base Salary. If the targeted EBITDA is exceeded by 10% or more, the Executive will receive a bonus of One Hundred Fifty Percent (150%) of Base Salary. If the targeted EBITDA is not achieved but is greater than 95% of the target
number, the Compensation Committee of the Company’s Board of Directors shall determine what bonus, if any, the Executive shall receive, said determination to be made in its sole discretion and in accordance with past practice. For purposes of
this section, the fiscal year shall mean the current fiscal year, even if the Company changes its fiscal year during the term hereof. Any bonus due hereunder shall be payable not later than two and one half months following the end of the fiscal
year for which the bonus was earned. 
 (c) Business Expenses. The Company shall pay or reimburse the Executive for all
reasonable business expenses incurred or paid by the Executive in the performance of his duties hereunder, upon submission of documentation in accordance with the Company’s then regular procedures for substantiation of expenses. 

 (d) Vacations. During the term hereof, the Executive shall be entitled to four
(4) weeks vacation per year, in addition to standard Company holidays, said vacation to be taken at such times and intervals as shall be determined by the Executive. 
 (e) Other Benefits. During the term hereof, the Executive shall be entitled to participate in any and all Employee Benefit Plans from time to time in effect for employees of the Company generally,
and in all fringe benefits and perquisite programs or arrangements generally available to senior executives of the Company but without duplication of any benefit or class of benefits provided for separately under this Agreement (e.g., car
allowance, expense reimbursement, etc.). Such participation shall be subject to the terms of the applicable plan documents and generally applicable Company policies. Except as expressly provided in this Agreement, the Company may alter, modify, add
to, suspend or terminate its Employee Benefit Plans at any time as it, in its sole judgment, determines to be appropriate, without recourse by the Executive. For purposes of this Agreement, “Employee Benefit Plan” shall have the
meaning ascribed to such term in Section 3(3) of ERISA, as amended from time to time. 
 (f) Any reimbursements or in-kind
benefits provided under (c) or (e) of this Section 4, or otherwise provided under this Agreement that would constitute nonqualified deferred compensation subject to Section 409A of the Internal Revenue Code of 1986, as amended
from time to time, and guidance issued thereunder, including exemptive and transition relief provisions (“Section 409A”) shall be subject to the following additional rules: (i) no reimbursement of any such expense shall affect
the Executive’s right to reimbursement of any other such expense in any other taxable year; (ii) reimbursement of the expense shall be made not later than the end of the Executive’s taxable year following the taxable year in which the
expense was incurred; and (iii) the right to reimbursement shall not be subject to liquidation or exchange for any other benefit. 
 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 hereof under the following circumstances: 
 (a) Death. Upon the Executive’s death during the term hereof,
the Executive’s employment hereunder shall immediately and automatically terminate and, within thirty (30) days of the date of death, the Company shall pay to the Executive’s designated beneficiary or, if no beneficiary has been
designated by the Executive in writing, to his estate, a lump sum cash payment of (i) any Base Salary earned but not paid during the final payroll period of the Executive’s employment through the date of termination, (ii) any vacation
accrued but not used through the date of termination, and (iii) any bonus earned for the fiscal year preceding that in which termination occurs, but unpaid on the date of termination (all of the foregoing, “Final
Compensation”). The Company will have no further obligations to the Executive or his estate or designated beneficiary hereunder, except as otherwise expressly provided under the terms of the Plan. 

 (b) Disability. 

(i) The Company may terminate the Executive’s employment hereunder, upon at least ten (10) days’ prior
notice to the Executive, in the event that the Executive becomes disabled during his 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 duties and responsibilities hereunder, notwithstanding the provision of any reasonable accommodation, for more than ninety (90) consecutive days during any period of three hundred and sixty-five (365) consecutive
calendar days. In the event of such termination, the Company shall provide the Executive with a lump sum cash payment of Final Compensation upon such termination. 

(ii) 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(a) and benefits in accordance with Section 4(e), to the extent permitted by the
then-current terms of the applicable benefit plans, until the Executive becomes eligible for disability income benefits under the Company’s disability income plan or until the termination of his employment, whichever shall first occur.

 (iii) Any payments made to the Executive under the Company’s long-term disability income plan shall
reduce the Base Salary otherwise payable for the period covered by such disability payment, provided that the Executive shall continue to participate in all Employee Benefit Plans until the termination of his employment. 

(iv) If any question shall arise as to whether during any period the Executive is disabled the Executive may, and at the
request of the Company shall, submit to a medical examination by a physician mutually selected by the Board and the Executive, and a written determination by such physician shall for the purposes of this Agreement be conclusive of the issue. If the
Board and the Executive cannot agree on a physician, the Board may select a physician who is a physician on staff at a hospital in Boston, Massachusetts. If such question shall arise and the Executive shall fail to submit to such medical
examination, the Company’s determination of the issue shall be binding on the Executive. 
 (c) 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, as determined by the Board in its
reasonable judgment, shall constitute “Cause” for termination: 
 (i) The Executive’s
conviction of (or pleading nolo contendere to) a crime of moral turpitude, breach of trust or unethical business conduct, or any crime involving the Company, in each case that constitutes a felony; 

 (ii) The Executive’s willful and continued failure to adhere to the
directions of the Board, to adhere to the Company’s policies and practices, or to devote substantially all of his business time and efforts to the Company; 
 (iii) The Executive’s willful and continued failure to substantially perform those duties properly assigned to him (other than any such failure resulting from his disability); 

(iv) The Executive’s breach of any of Sections 6, 7 or 8 of this Agreement; 

(v) The Executive’s breach in any material respect of the terms and provisions of this Agreement and failure to cure
such breach within ten (10) days following written notice from the Company specifying such breach; 
 (vi)
The Executive’s engagement in the performance of his duties hereunder, or otherwise, to the material and demonstrable detriment of the Company, in willful misconduct, fraud, misappropriation or embezzlement, or in any willful act which is
intended to bring the Company into disrepute; 
 (vii) The Executive becomes disqualified from holding any office
in the Company or in any of its Affiliates (except where such disqualification is a result of actions of the Company or any of its Affiliates or is a result of actions over which he has no control), or resigns from such office (other than for Good
Reason) without the prior written approval of the Board. 
 Upon the giving of notice of termination of the Executive’s employment
hereunder for Cause, the Company shall have no further obligation to the Executive, other than to pay Final Compensation immediately upon such termination. 
 For purposes of this provision, no act or failure to act, on the part of the Executive, shall be considered “willful” unless it is done, or omitted to be done, by the Executive in bad faith or
without reasonable belief that his action or omission is in the best interests of the Company. Any act or failure to act that is based upon authority given by a resolution duly adopted by the Board or based upon the advice of counsel for the
Company, shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company. 
 (d) By the Company for Performance-Based Cause. The Company may terminate the Executive’s employment hereunder for Performance-Based Cause at any time upon notice to the Executive setting
forth in reasonable detail the nature of such Performance-Based Cause. The following, as determined by the Board in its reasonable judgment, shall constitute “Performance-Based Cause” for termination: the Executive’s failure to
perform his duties to the reasonable standards required by the Board, which standards shall be communicated to the Executive on a periodic basis, after written notice and an opportunity of thirty (30) days to cure. In the event of such
termination, in addition to Final Compensation, which shall be payable immediately upon termination, the Company shall make a lump sum cash payment to the 

 
Executive equal to one (1) times the Executive’s annual Base Salary as of the date of termination, payable sixty (60) days following such termination. To avoid the unintended
payment of multiple forms of severance compensation, any benefits payable hereunder will be reduced by any benefits payable to the Executive under any separate severance agreement as a result of the Executive’s termination. The obligation of
the Company to make any payments under this Section 5(d), excluding the payment of Final Compensation, shall be conditioned upon and subject to the Executive’s entering into a separation agreement with the Company that has been in effect
for at least fourteen (14) days prior to the date of such payment. 
 (e) By the Company Other than for Cause or
Performance-Based Cause. The Company may terminate the Executive’s employment hereunder other than for Cause or Performance-Based Cause at any time upon notice to the Executive. In the event of such termination, then, in addition to Final
Compensation, which shall be payable immediately upon termination, the Company shall make a lump sum payment to the Executive, payable ninety (90) days following such termination, equal to (i) two (2) times the average annual base
salary paid to Executive during the two years preceding the date of such termination plus (ii) if, and only if, such termination occurs prior to the third anniversary of the Start Date, two (2) times the average regular
performance-based cash bonus (i.e., including only bonus payment amounts under Section 4(b); and specifically excluding any stay pay, retention, transaction or other special bonuses) paid or payable to the Executive during the two
years preceding the date of such termination. In addition: 
 (i) for the eighteen-month period immediately
following the date of termination, the Company shall continue to contribute to the premium cost of the Executive’s participation in the Company’s group medical and dental plans at the same rate that it contributes for active employees from
time to time, so long as the Executive is entitled to continue such participation under applicable law and plan terms; provided, however, that any reimbursements or in-kind benefits provided under this Section 5(e)(i) that would constitute
nonqualified deferred compensation subject to Section 409A shall be subject to the rules described in Section 4(f) above; and 
 (ii) the Company shall pay the Executive a lump sum between January 1 and March 15 of the year following the year of the termination equal to a pro rata share of any bonus due under
Section 4(b) for the fiscal year in which the termination occurs (determined by pro-rating the bonus for the fiscal year in which termination occurs through the date of termination). 
 Upon the payment of such benefits, the Company shall have no further obligation to the Executive. Any benefits payable hereunder will be reduced by any benefits payable to the Executive under any separate
severance agreement as a result of the Executive’s termination. The obligation of the Company to make any payments under this Section 5(e), excluding the payment of Final Compensation, shall be conditioned upon and subject to the
Executive’s entering into a separation agreement with the Company in the form provided by the Company that has been in effect for at least fourteen (14) days prior to the date of such payment. 

 (f) By the Executive’s Resignation for Good Reason. The Executive may terminate
his 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) Material diminution in the nature or scope of the Executive’s responsibilities, duties, authority or status;
provided, however, that each of (A) the Company’s failure to continue the Executive’s appointment or election as a director or officer of any of its Affiliates, (B) a change in reporting relationships resulting from the direct or
indirect control of the Company (or a successor corporation) by another corporation, (C) any diminution of the business of the Company or any of its Affiliates and (D) any sale or transfer of equity, property or other assets of the Company
or any of its Affiliates (including any such sale or transfer or any other transaction or series of such transactions that results in a change of control of the Company or Holdings) shall be deemed not to constitute “Good Reason”;

 (ii) Relocation of the Executive’s place of employment, without the Executive’s consent, to a
location that is more than fifty (50) miles from Canton, Massachusetts; or 
 (iii) The Company fails to
perform substantially any material term of this Agreement, excluding a failure which is cured within ten (10) business days following notice from the Executive specifying in detail the nature of such failure. 

A termination shall qualify as a termination for Good Reason only if (1) the Executive gives the Company notice, within ninety (90) days of its
first existence or occurrence (without the consent of the Executive), of any or any combination of the eligibility conditions specified above; (2) the Company fails to cure the eligibility condition(s) within thirty (30) days of receiving
such notice; and (3) the Executive terminates employment not later than six months following the end of such thirty-day period. In the event of termination in accordance with this Section 5(f), and in addition to Final Compensation, which
shall be paid not later than the next regular Company payday following the effective date of termination, the Executive will be entitled to the same payments that he would have been entitled to receive had the Executive been terminated by the
Company other than for Cause or Performance-Based Cause in accordance with Section 5(e) above, payable as provided in Section 5(e); provided that the Executive satisfies all conditions to such entitlement as set forth in Section 5(e)
including the execution of the separation agreement described therein. A termination of employment for Good Reason under this Section 5(f) is intended to satisfy the meaning of “involuntary separation from service” (as defined in
Section 1.409A-1(n) of the Treasury Regulations). 
 (g) By the Executive Other than for Good Reason. The Executive
may terminate his employment hereunder at any time upon sixty (60) days’ notice to the Company. In the event of termination of the Executive pursuant to this Section 5(g), the Board may elect to waive the period of notice, or any
portion thereof. The Company shall have no further obligation to the Executive, other than for any Final Compensation, which shall be paid not later than the next regular Company payday following the effective date of termination. 

 (h) Expense Reimbursement. Following the termination of the Executive’s
employment for any reason, the Company will reimburse the Executive or his estate or designated beneficiary for any business expenses reasonably incurred by the Executive and reimbursable under Section 4(c) hereof but un-reimbursed on the date
of termination, provided that such expenses and required substantiation and documentation are submitted within sixty (60) days following the date the Executive’s employment terminates. Any such reimbursement shall be payable not later
than thirty (30) days following receipt by the Company of such properly substantiated and documented request for reimbursement. 
 (i) Timing of Payments. In the event that at the time the Executive’s employment with the Company terminates the Company is publicly traded (as defined in Section 409A), any amounts
payable under this Section 5 that constitute deferred compensation subject to Section 409A, as determined by the Company, shall be paid at the later of: (i) the time otherwise provided in this Section 5, and (ii) a date that
is six (6) months following the date of the Executive’s separation from service with the Company. 
 6.
Confidential Information. 
 (a) The Executive acknowledges that the Company and its Affiliates continually develop
Confidential Information, 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 employment. The Executive will comply with the
policies and procedures of the Company and its Affiliates for protecting Confidential Information and shall not disclose to any Person or use, other than as required by applicable law or for the proper performance of his duties and responsibilities
to the Company and its Affiliates, any Confidential Information obtained by the Executive incident to his employment or other association with the Company or any of its Affiliates; provided that the Executive may divulge any Confidential Information
that may be required by law and may disclose such information to his personal advisors for purposes of enforcing or interpreting this Agreement. The Executive understands that this restriction shall continue to apply after his employment terminates,
regardless of the reason for such termination. The confidentiality obligation under this Section 6 shall not apply to information which is generally known or readily available to the public at the time of disclosure or becomes generally known
through no wrongful act on the part of the Executive or any other Person having an obligation of confidentiality to the Company or any of its Affiliates. Following termination of employment, the Executive shall not communicate or divulge any
Confidential Information without the Company’s prior written consent or as may otherwise be required by law or legal process. 
 (b) All documents, records, tapes and other media of every kind and description relating to the business of the Company or 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 surrender to the Company at the time his employment terminates all Documents
containing Confidential Information then in the Executive’s possession, such as strategic business plans and other material Documents. 

 (c) The Executive will not disclose to or use on behalf of the Company any proprietary
information of a third party without such party’s consent. 
 7. Assignment of Rights to Intellectual Property.
The Executive shall promptly and fully disclose all Intellectual Property to the Company. The Executive hereby assigns and agrees to assign to the Company (or as otherwise directed by the Company) the Executive’s full right, title and
interest in and to all Intellectual Property developed during the term of his employment with the Company. Subject to the foregoing, the Executive agrees to execute any and all applications for domestic and foreign patents, copyrights or other
proprietary rights and to do such other acts requested by the Company to assign the Intellectual Property so developed to the Company and to permit the Company to enforce any patents, copyrights or other proprietary rights to the Intellectual
Property. All copyrightable works that the Executive creates shall be considered “work made for hire” and shall, upon creation, be owned exclusively by the Company. 
 8. Restricted Activities. The Executive agrees that some restrictions on his activities during and after his employment are necessary to protect the goodwill, Confidential Information and other
legitimate interests of the Company and its Affiliates: 
 (a) While the Executive is employed by the Company and for two
(2) years after his employment terminates, and regardless of the reason therefor, the Executive shall not, directly or indirectly, whether as owner, partner, investor, consultant, agent, employee, co-venturer or otherwise, compete with the
Company or any of its Affiliates or undertake any planning for any business competitive with the Company or any of its Affiliates. Specifically, the Executive agrees not to engage in any manner in any activity that is directly or indirectly
competitive with the business of the Company or any of its Affiliates as conducted during the Executive’s employment, and further agrees not to work or provide services, in any capacity, whether as an employee, independent contractor or
otherwise, whether with or without compensation, to any Person who is engaged in any business that is competitive with the business of the Company or any of its Affiliates for which the Executive has provided services during his employment.
Restricted activity includes without limitation accepting employment with any Person who is, or at any time within one year prior to termination of the Executive’s employment has been, a franchisee of the Company or any of its Affiliates. For
purposes of this Section 8, the business of the Company and its Affiliates shall include all Products as hereinafter defined. The foregoing, however, shall not prevent the Executive’s passive ownership of two percent (2%) or less of
the equity securities of any publicly traded company. 
 (b) The Executive agrees that, during his employment and during the two
(2) year period immediately following termination of his employment, and regardless of the reason therefor, the Executive will not directly or indirectly (a) solicit or encourage any franchisee of the Company or any of its Affiliates to
terminate or diminish its relationship with them; or (b) seek to persuade any such franchisee or prospective franchisee of the Company or any of its Affiliates to conduct with anyone else any business or activity which such franchisee or
prospective franchisee conducts with the Company or any of its Affiliates; provided that these restrictions shall apply (y) only with respect to those Persons who are or have been a franchisee of the Company or any of its Affiliates at any time
within the immediately preceding one year or 

 
whose business has been solicited on behalf of the Company or any of the Affiliates by any of their officers, employees or agents (and of which the Executive has actual knowledge) within said one
year period, other than by form letter, blanket mailing or published advertisement, and (z) only if the Executive has performed work for such Person during his employment with the Company or one of its Affiliates or been introduced to such
Person as a result of his employment or other associations with the Company or one of its Affiliates. 
 (c) The Executive
agrees that, during his employment and for the two (2) year period immediately following termination of his employment, and regardless of the reason therefor, the Executive will not, and will not assist any other Person to, (a) hire or
solicit for hiring any employee of the Company or any of its Affiliates as of the date of such solicitation or any employee who was employed by the Company or any of its Affiliates during the six (6) months prior to the Executive’s
termination of employment, or seek to persuade any employee of the Company or any of its Affiliates to discontinue employment or (b) solicit or encourage any independent contractor providing services to the Company or any of its Affiliates to
terminate or diminish its relationship with them. For the purposes of this Agreement, an “employee” or “independent contractor” of the Company or any of its Affiliates is any person who was such at any time within the preceding
year. For purposes hereof, general solicitations not directed at a particular person or advertising in media directed at the general public shall not provide the basis for a claim by the Company that the Executive violated this Section. 

9. Enforcement of Covenants. The Executive acknowledges that he has carefully read and considered all the terms and conditions of
this Agreement, including the restraints imposed upon him pursuant to Sections 6, 7 and 8 hereof. The Executive agrees without reservation that each of the restraints contained herein is necessary for the reasonable and proper protection of the
goodwill, Confidential Information and other legitimate interests of the Company and its Affiliates; that each and every one of those restraints is reasonable in respect to subject matter, length of time and geographic area; and that these
restraints, individually or in the aggregate, will not prevent him from obtaining other suitable employment during the period in which the Executive is bound by these restraints. The Executive further acknowledges that, were he to breach any of the
covenants contained in Sections 6, 7 or 8 hereof, the damage to the Company would be irreparable. The Executive therefore agrees that the Company, 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, without having to post bond, as well as to its reasonable attorneys’ fees and costs incurred in connection with such breach. The parties
further agree that, in the event that any provision of Section 6, 7 or 8 hereof shall be determined by any court of competent jurisdiction to be unenforceable by reason of its 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. Definitions. Words or phrases which are initially capitalized or are within quotation marks shall have the meanings provided in this Section and as provided elsewhere herein. For purposes of
this Agreement, the following definitions apply: 

 (a) “Affiliates” means all persons and entities directly or indirectly
controlling, controlled by or under common control with the Company, where control may be by either management authority, contract or equity interest. 
 (b) “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, and any and all
information, publicly known in whole or in part or not, which, if disclosed by the Company or its Affiliates would assist in competition against them. Confidential Information includes without limitation such information relating to (i) the
development, research, testing, manufacturing, marketing and financial activities of the Company and its Affiliates, (ii) the Products, (iii) the costs, sources of supply, financial performance and strategic plans of the Company and its
Affiliates, and (iv) the identity and special needs of the customers or franchisees of the Company and its Affiliates. Confidential Information also includes any information that the Company or any of its Affiliates have received, or may
receive hereafter, belonging to franchisees or others with any understanding, express or implied, that the information would not be disclosed. 
 (c) “Intellectual Property” means inventions, discoveries, developments, methods, processes, compositions, works, concepts and ideas that are patentable or copyrightable or constitute
trade secrets conceived, made, created or developed 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 Products
or any prospective activity of the Company or any of its Affiliates or that make use of Confidential Information or any of the equipment or facilities of the Company or any of its Affiliates. 

(d) “Person” means an individual, a corporation, a limited liability company, an association, a partnership, an estate,
a trust and any other entity or organization, other than the Company or any of its Affiliates. 
 (e)
“Products” mean all products researched, developed, manufactured, sold, licensed, leased or otherwise distributed or put into use by the Company or any of its Affiliates, to the extent such products pertain to breakfast foods,
coffees and related beverages, and/or ice cream, or to other food product lines the Company may adopt (through business acquisition or otherwise) subsequent to the execution of this Agreement, together with all services provided by the Company or
any of its Affiliates, during the Executive’s employment. 
 11. 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. 
 12.
Assignment. Neither the Company nor the Executive may make any assignment of 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 Executive is transferred to a position with any of the Affiliates or in the event that the Company shall hereafter affect a
reorganization, consolidate with, or merge into, any Person or transfer all or substantially all of its properties or assets to any Person. This Agreement shall inure to the 

 
benefit of and be binding upon the Company and the Executive, their respective successors, executors, administrators, heirs and permitted assigns. 

13. Severability. If any portion or provision of this Agreement shall to any extent be declared illegal or unenforceable by a
court of competent jurisdiction, then the remainder of this Agreement, or the application of such portion or provision in circumstances other than those as to which it is so declared illegal or unenforceable, 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. 
 14.
Waiver. 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. 
 15. 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, consigned to a
reputable national courier service or deposited in the United States mail, postage prepaid, registered or certified, and addressed to the Executive at his last known address on the books of the Company or, in the case of the Company, at its
principal place of business, attention of the Chair of the Board, or to such other address as either party may specify by notice to the other actually received. 
 16. Entire Agreement; No Conflicting Agreements. This Agreement (together with the Plan and other documents expressly referenced herein) constitutes the entire agreement between the parties and
supersedes all prior communications, agreements and understandings, written or oral, with respect to the terms and conditions of the Executive’s employment. The Executive hereby represents and warrants that the execution of this Agreement and
the performance of his obligations hereunder will not breach or be in conflict with any other agreement to which the Executive is a party or is bound and that the Executive is not now subject to any covenants against competition or similar covenants
or any court order or other legal obligation that would affect the performance of his obligations hereunder. 
 17.
Amendment; Section 409A. This Agreement may be amended or modified only by a written instrument signed by the Executive and by an expressly authorized representative of the Company. The parties acknowledge that certain provisions of this
Agreement may be required to be amended, following the issuance of additional guidance by the Internal Revenue Service with respect to Section 409A, to avoid the possible imposition of additional tax under Section 409A with respect to
certain payments and benefits under this Agreement. The Company agrees that it will not unreasonably withhold its consent to any such amendments which in its determination are (i) feasible and necessary to avoid adverse tax treatment under
Section 409A for the Executive, and (ii) not adverse to the interests of the Company. 
 18. Headings. The
headings and captions in this Agreement are for convenience only and in no way define or describe the scope or content of any provision of this Agreement. 

 19. Counterparts. This Agreement may be executed in two or more counterparts, each of
which shall be an original and all of which together shall constitute one and the same instrument. 
 20. Governing Law.
This is a Massachusetts contract and shall be construed and enforced under and be governed in all respects by the laws of the Commonwealth of Massachusetts, without regard to the conflict of laws principles thereof. The Company and the Executive
each irrevocably and unconditionally (i) agree that any suit, action or proceeding commenced by either party against the other will be brought in the state of Massachusetts, (ii) consents to the non-exclusive jurisdiction of any such court
in any such suit, action or proceeding, and (iii) waives any objection which either party may have to the laying of venue of any such suit, action or proceeding in any such court. The Company and the Executive each also irrevocably and
unconditionally consents to the service of any process, pleadings, notices or other papers in a manner permitted by the notice provisions of Section 15. 
 21. Successors. The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the
Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. 

22. Indemnification. The Company shall indemnify and hold the Executive harmless, to the full extent permitted under applicable
law, for, from and against any and all losses, claims, costs, expenses, damages, liabilities or actions relating to or arising out of the Executive’s employment with or service to the Company after the Closing, other than as relating to or
arising out of the Executive’s willful misconduct or gross negligence. The Company shall cause any director and officer liability insurance applicable to the Executive to remain in effect for six (6) years following his termination of
employment for any reason. 
 23. Survival. This Agreement shall survive the expiration of the term hereof and the
termination of Executive’s employment under any circumstances to the extent necessary to give effect to its provisions. 

24. No Mitigation; No Setoff. In no event shall the Executive be obliged to seek other employment or take any other action by way
of mitigation of the amounts payable to the Executive under any of the provisions of this Agreement, nor shall the amount of any payment hereunder be reduced by any compensation earned by the Executive as a result of employment by another employer.
The Company’s obligation to pay the Executive the amounts provided and to make the arrangements provided for hereunder shall not be subject to set-off, counterclaim or recoupment of amounts owed by the Executive to the Company or its Affiliates
except as expressly provided herein. 
 [Signature page follows immediately.] 

 IN WITNESS WHEREOF, this Agreement has been executed as a sealed instrument by Holdings and
the Company, by their duly authorized representatives, and by the Executive, as of the date first above written. 
  

							
	NIGEL TRAVIS:	 		 	DUNKIN’ BRANDS, INC.
				
	 /s/ Nigel Travis
	 		 	By:	 	 /s/ Jon L. Luther

							
		 		 	  Title:	 	 Executive Chairman of the Board

			
		 		 	  DUNKIN’ BRANDS GROUP, INC.

							
				
		 		 	By:	 	 /s/ Jon L. Luther

							
		 		 	  Title:	 	 Executive Chairman of the Board

 Exhibit A 

List of Outside Activities and Positions 
  

	1.	Membership on Board of Directors of Lorillard, Inc.

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