Date Visited: December 21, 2016

Date visited: December 21, 2016 Item 1: The Franchisor, and any Parents, Predecessors and Affiliates The Franchisor is Dunkin' Donuts Franchising LLC, which will be referred to as “DD”, "we" or "us". The term "you" means the person, corporation, limited liability company, partnership or other legal entity that is granted the franchise (as well as the direct and indirect owners of any corporation, limited liability company, partnership, or other legal entity that becomes a franchisee). We are a special purpose, Delaware limited liability company. Our principal place of business is 130 Royall Street, Canton, Massachusetts 02021. We currently do business under the mark Dunkin’ Donuts and in the organizational name “Dunkin' Donuts Franchising LLC.” Our agents for service of process are disclosed on Schedule A. At the end of our last fiscal year, on December 29, 2007, there were 5,863 franchised Dunkin' Donuts stores operating in the United States and an additional 2,219 Dunkin' Donuts stores operating in 30 other countries, but no company-owned Dunkin' Donuts stores. Six of the franchised Dunkin' Donuts stores (both in U.S. and internationally) are operated on military bases. Some of these Dunkin’ Donuts units are part of stores that operate with Baskin-Robbins operations (“Combo Stores”). We do not conduct any business activity other than franchising Dunkin’ Donuts stores. We are not currently offering Combo Stores, however, we are honoring existing commitments for the development of Combo Stores. If you are developing a Combo Store or purchasing an existing Combo Store, you will receive separate disclosure documents for each of the Dunkin’ Donuts/Baskin-Robbins brands. Our Parent, Predecessors and Affiliates - The Securitization Financing Transaction Our parent company is DB Franchising Holding Company LLC (“Franchisor Holdco”), a Delaware limited liability company. Franchisor Holdco is a wholly-owned subsidiary of DB Master Finance LLC (“DB Master Finance”), a Delaware limited liability company. In turn, DB Master Finance is an indirect wholly-owned subsidiary of Dunkin’ Brands, Inc. (“Dunkin’ Brands”), a Delaware corporation. We and our affiliate Baskin-Robbins Franchising LLC (“BR”) are special purpose, Delaware limited liability companies, formed on or about March 15, 2006 as part of the Securitization Financing Transaction described below. Before May 26, 2006, the franchisors for these 2 brands were Baskin-Robbins USA LLC, originally a California corporation (formerly known as Baskin-Robbins USA, Co.), which was converted to a California limited liability company on March 1, 2006; and Dunkin’ Donuts LLC, originally a Delaware corporation (formerly known as Dunkin’ Donuts Incorporated), which was converted to a Delaware limited liability company on March 1, 2006. Before the Securitization Financing Transaction, Baskin-Robbins USA LLC and Dunkin’ Donuts LLC were direct or indirect wholly-owned subsidiaries of Dunkin’ Brands. Baskin-Robbins USA LLC and Dunkin’ Donuts LLC continue to be direct or indirect, wholly-owned subsidiaries of Dunkin’ Brands following the Securitization Financing Transaction and are the indirect parent companies of DB Master Finance. DB Master Finance is a Delaware limited liability company that was formed on March 15, 2006 as part of the transaction to refinance the approximately 1.5 billion in debt incurred when Dunkin’ Brands was sold by Pernod Ricard, S.A. to investment funds sponsored by Bain Capital Partners, LLC, The Carlyle Group, and Thomas H. Lee Partners L.P. on March 1, 2006 (the “Securitization Financing Transaction”). These funds, through a holding company, own Dunkin’ Brands Holdings, Inc., which, in turn, owns all of the shares of Dunkin’ Brands. As part of the Securitization Financing Transaction, existing franchise, store development and related agreements of the Baskin-Robbins and Dunkin’ Donuts brands were transferred to Baskin-Robbins Franchised Shops LLC and Dunkin’ Donuts Franchised Restaurants LLC (respectively, the “BR Assets Holder” and the “DD Assets Holder”), respectively, both of which are special purpose, wholly-owned Delaware limited liability subsidiaries of DB Master Finance that were formed on March 15, 2006. Also as part of the Securitization Financing Transaction, Baskin1

Date visited: December 21, 2016 Robbins International LLC, a wholly-owned subsidiary of Baskin-Robbins LLC formed for the purpose of conducting certain international business relating to the Baskin-Robbins brand, transferred certain license agreements and related agreements, and certain related joint venture interests and rights relating to the BR Assets Holder or the DD Assets Holder, as applicable. The intellectual property of the Baskin-Robbins and Dunkin’ Donuts brands were transferred to newly formed, special purpose Delaware limited liability companies, BR IP Holder LLC and DD IP Holder LLC, respectively (collectively, the “IP Holders”). At the time of the Securitization Financing Transaction, the IP Holders entered into a 99 year non-exclusive licensing agreement with DB Master Finance giving it the right to use and sublicense the use of the intellectual property related to the Baskin-Robbins and Dunkin’ Donuts brands, including all trademarks. DB Master Finance has, in turn, licensed to BR and DD the right to use and sublicense the use of all intellectual property and trademarks necessary to operate their respective businesses. DB Master Finance has also entered into license agreements with Baskin-Robins Franchised Shops LLC and Dunkin’ Donuts Franchised Restaurants, giving these companies the right to use all of the intellectual property and trademarks necessary to operate their respective businesses. At the time of the Securitization Financing Transaction, BR and DD entered into a servicing agreement with Dunkin’ Brands. Under the servicing agreement, Dunkin’ Brands will provide all support and services required under franchise agreements entered into by each of these companies. Dunkin' Brands employs all the persons who will provide service to you under the terms of your franchise agreements. Under the servicing agreement, Dunkin’ Brands will also provide all support and services required under franchise agreements transferred to the Franchise Assets Holders as part of the Securitization Financing Transaction. Dunkin’ Brands will also assist these companies as applicable in managing the Dunkin’ Donuts and Baskin-Robbins systems, marketing and offering new and renewal franchise agreements, implementing quality assurance programs and otherwise fulfilling their duties and obligations under their franchise agreements. Dunkin’ Brands will receive weekly serving fees for the services it provides. If Dunkin’ Brands fails to perform its obligation under the Servicing Agreement, then Dunkin’ Brands may be replaced as the franchise service provider. However, as the franchisor, DD will always be responsible to make sure that all services and support are performed under their franchising agreements. As part of the Securitization Financing Transaction, DB Master Finance, the Franchise Assets Holders and the IP Holders issued, pursuant to a base indenture, fixed rate notes in the initial principal amount of 1.6 billion and variable funding notes under which DB Master Finance and its affiliated co-issuers can draw up to an additional 100.0 million, on a revolving basis. All of the assets of DB Master Finance and its subsidiaries, including all Baskin-Robbins and Dunkin’ Donuts franchise agreements, have been pledged as security for the debt incurred in the Securitization Financing Transaction. Besides the affiliates and predecessors described above, other affiliates were formed at or around the time of the Securitization Financing Transaction to own certain assets of various predecessors or affiliates of Dunkin’ Brands and to conduct the activities described below. These affiliates include: DB UK Franchising LLC, a Delaware limited liability company organized on March 15, 2006, which is the franchisor of the Baskin-Robbins system in the United Kingdom; DB Canadian Franchising ULC, a Nova Scotia unlimited liability company formed on March 20, 2006, which is the franchisor of Dunkin’ Donuts and Baskin-Robbins stores in Canada; DB Canadian Supplier Inc. and DB Canadian Holding Company Inc., both of which are Delaware corporations formed on March 15, 2006 and which are the direct or indirect parent companies of DB Canadian Franchising ULC; and DB Real Estate Assets I LLC and DB Real Estate Assets II LLC, both of which are Delaware limited liability companies formed on March 15, 2006 and which own or hold prime leases for properties that are leased or subleased to franchisees for the operation of stores. None of DB Real Estate Assets I LLC, DB Real Estate Assets II LLC, DB Canadian Supplier Inc., or DB Canadian Holding Company Inc. have ever operated Dunkin’ Donuts or Baskin-Robbins stores, or offered franchises in any line of business. 2

Date visited: December 21, 2016 Our Predecessors’ Prior Experience The Dunkin’ Donuts System. Dunkin' Donuts Incorporated was incorporated on January 15, 1960, as Universal Food Systems, Inc., and changed its name on October 24, 1967. Dunkin' Donuts Incorporated's predecessor, Dunkin' Donuts of America, Inc. (“DDoA”) a Massachusetts corporation incorporated June 24, 1954, was merged into Dunkin' Donuts Incorporated in December 1987. DDoA began operating Dunkin’ Donuts stores in 1954 and began franchising in 1955. DDoA continuously granted franchises until it merged with Dunkin' Donuts Incorporated (now Dunkin’ Donuts LLC, a Delaware limited liability company), which continuously granted franchises until the date of the Securitization Financing Transaction. Mister Donut of America, Inc. (“MDoA”), formerly franchised coffee and doughnut stores under the name “Mister Donut.” MDoA began offering franchises in 1959. MDoA was acquired by Dunkin' Donuts Incorporated on March 30, 1990. Most Mister Donut stores in operation at that time converted to the Dunkin' Donuts system. Many of the remaining Mister Donut stores signed Trademark License Agreements allowing them to use the Mister Donut trademark until February 28, 1997. After that date, those stores de-identified as Mister Donut stores. There are no stores currently operating in the U.S. under the Mister Donut name. Our Affiliates’ Prior Experience The Baskin-Robbins System. Baskin-Robbins USA, Inc., a California corporation (now Baskin-Robbins USA LLC, a California limited liability company) began manufacturing and distributing ice cream products (itself or through third party vendors) in 1946. It began offering franchises in 1960. The former parent company of Baskin-Robbins USA, Inc., Baskin-Robbins Incorporated, a Delaware corporation (now Baskin-Robbins LLC, a Delaware limited liability company), granted area franchises for the manufacture of ice cream, frozen yogurt and other related products. As noted, all franchise and related agreements of these companies were transferred to Baskin-Robbins Franchised Shops LLC as of the date of the Securitization Financing Transaction. Baskin-Robbins Incorporated was also the parent company of Baskin-Robbins International Company (now Baskin-Robbins International LLC, a Delaware limited liability company). Beginning in July 1976, BaskinRobbins International Company entered into license agreements and joint and joint venture agreements with individuals or business entities outside the United States for the development and operation of Baskin-Robbins branded stores. Baskin-Robbins International Company does not operate any company-owned stores. As noted, certain license agreements and related agreements, and certain related joint venture interests and rights of BaskinRobbins International LLC were transferred to the BR Assets Holder or the DD Assets Holder, as applicable, at the time of the Securitization Financing Transaction. SVC Service II LLC (“SVC”) is a Colorado limited liability company and a direct subsidiary of Dunkin’ Brands. Since June 2006, SVC has managed and implemented the Stored Value Card, which as of the date this Disclosure Document was prepared was only available to Dunkin’ Donuts stores in limited geographic areas. SVC's activities were managed by SVC Services LLC (SVC I) until June 2006, when SVC I transferred all its interests to Dunkin’ Brands. Allied Domecq PLC acquired the Baskin-Robbins system in 1973 and the Dunkin’ Donuts system in 1990. Allied Domecq’s principal business address was The Pavilion, Bridgewater Road, Bedminster Down, Bristol, England. Allied Domecq’s business included the production and marketing of various spirits, wines and liquors. Allied Domecq PLC was known as Allied-Lyons PLC until September 1, 1994, when it changed its name to Allied Domecq PLC in connection with a merger. On July 26, 2005, Pernod Ricard S.A. acquired Allied Domecq PLC. Pernod Ricard S.A. has been primarily engaged in the manufacture and sale of wine and spirits, with its headquarters located in Paris, France (at 12, Place des Etats Unis, 75783 Paris cedex 16, France). On December 12, 2005, Pernod Ricard S.A. and certain subsidiaries of Allied Domecq PLC entered into an agreement to sell Dunkin' Brands (including the Dunkin' Donuts and Baskin-Robbins systems) to the investment 3

Date visited: December 21, 2016 funds described above. The closing of the sale occurred on March 1, 2006. Information about the private equity firms that have sponsored these investment funds follows: Bain Capital Partners, LLC, headquartered in Boston, is a global private investment firm that manages several pools of capital including private equity, venture capital, public equity and leveraged debt assets. Bain Capital Partners, LLC has made private equity investments and add-on acquisitions in various companies around the world, including quick service restaurants (such as Domino's Pizza and Burger King) and retailers (such as Toys "R" Us, Dollarama, and Staples). The Carlyle Group, headquartered in Washington, D.C., is a global private equity firm which invests in buyouts, venture capital, real estate and leveraged finance in Asia, Europe and North America, focusing on aerospace and defense, automotive and transportation, consumer and retail, energy and power, healthcare, industrial, technology and business services and telecommunications and media. Thomas H. Lee Partners, L.P. is a Boston-based private equity firm focused on identifying and acquiring substantial ownership positions in growth companies. Transactions sponsored by the firm include: Fisher Scientific International, General Nutrition Centers, Houghton Mifflin, Michael Foods, Nortek, ProSiebenSat. 1, Rayovac, Simmons Company, Snapple Beverage, TransWestern Publishing, Warner Chilcott, and Warner Music Group. Unless otherwise noted, the principal place of business of each parent, all affiliates and predecessors described above is 130 Royall Street, Canton, Massachusetts 02021 (and, before that, 14 Pacella Park Drive, Randolph, Massachusetts). Unless otherwise described above, none of these affiliates have engaged in any other lines of business, nor have they offered franchises in any line of business. The Dunkin' Donuts Franchise If you sign a franchise agreement, you will operate a franchised Dunkin’ Donuts Store. Under our franchise agreement, we grant our franchisees the right (and they accept the obligation) to operate a Dunkin' Donuts Store, selling doughnuts, coffee, bagels, muffins, compatible bakery products, croissants, pizzas, snacks and other sandwiches and beverages that we approve. We may periodically make changes to the systems, menu, standards, and facility, signage, equipment and fixture requirements. You may have to make additional investments in the franchised business periodically during the term of the franchise if those kinds of changes are made or if your store’s equipment or facilities wear out or become obsolete, or for other reasons (for example, as may be needed to comply with a change in the system standards or code changes). All Dunkin' Donuts Stores must be developed and operated to our specifications and standards. Uniformity of products sold in Dunkin' Donuts Stores is important, and you have no discretion in the products you sell. The franchise agreement is limited to a single, specific location and we have the right to operate or franchise or license others who may compete with you for the same customers. The distinguishing characteristics of the Dunkin’ Donuts System include, for example, distinctive exterior and interior design, decor, color and identification schemes and furnishings; special menu items; standards, specifications and procedures for operations, manufacturing, distribution and delivery; quality of products and services offered; management programs; training and assistance; and marketing, advertising and promotional programs, all of which we may change, supplement, and further develop. The typical Dunkin' Donuts Store depends upon serving a large number of customers for its success and is generally located in heavily populated areas. Most products are purchased primarily for off-premises consumption: "take-out" is estimated at 70-100% of sales, which may vary by region. DD encourages you to develop a network of Dunkin’ Donuts Stores within a targeted area or areas under the Store Development Program. A network typically consists of a manufacturing store that supplies bakery products to one or more satellite stores. We believe that networks best leverage the manufacturing store's production capacity. In some markets, franchisees cooperatively own a co-operative manufacturing location. Satellite stores typically cost less to develop than manufacturing stores (though satellite Combo Stores can cost as much, or more, to develop 4

Date visited: December 21, 2016 than some manufacturing stores). Developing and operating a network of stores is generally more challenging than developing and operating a single store. Periodically, franchisees sell existing stores at varying prices and terms. Also, we may also periodically sell existing company-operated stores or existing franchised stores we have bought or taken back from franchisees. Many factors affect the sales price and terms for existing stores, such as location, age, length of remaining occupancy and franchise rights, rent, physical condition, operating history, whether the purchase price is paid in cash or financed over time, the prices and terms on which comparable stores have been sold in the market and the negotiations of the parties. If you agree to buy an existing store from a franchisee, we may exercise

The Franchisor is DUNKIN' DONUTS FRANCHISING LLC ("Dunkin' Donuts" "we" or "DD"). We develop, operate and franchise retail stores utilizing the Dunkin' Donuts system in single-brand stores. Our franchised stores sell Dunkin' Donuts coffee, donuts, bagels, muffins, compatible bakery products, sandwiches, and other beverages.