0001206774-11-002674 Sample Contracts

EMPLOYMENT AGREEMENT
Nonqualified Stock Option Agreement • November 28th, 2011 • Krispy Kreme Doughnuts Inc • Retail-food stores • North Carolina

THIS EMPLOYMENT AGREEMENT (“Agreement”), dated as of November 28, 2011, among Krispy Kreme Doughnut Corporation, a North Carolina corporation (“KKDC”), Krispy Kreme Doughnuts, Inc., a North Carolina corporation (the “Company” and, together with KKDC, the “Companies”), and Kenneth A. May (the “Executive”).

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