Re: Services Agreement

Extension Agreement

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Title: Re: Services Agreement
Date: 5/27/2005
Industry: Restaurants

May 24, 2005

Mr. Michael Phalen

Chief Financial Officer

Krispy Kreme Doughnuts, Inc.

370 Knollwood Street, Suite 500

Winston-Salem, NC 27103

Re:	Services Agreement dated January 18, 2005, Amendment to Services Agreement dated

March 31, 2005, and Letter Agreements dated March 10, 2005 and April 20, 2005,

Dear Mr. Phalen:

We regret that we must request a further extension to the deadline to negotiate a “Success Fee” (as that term is defined in the Se

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