Letter Agreement Extending Success Fee Negotiation Deadline under Services Agreement between Krispy Kreme Doughnuts, Inc. and Kroll Zolfo Cooper LLC (March 10, 2005)

Summary

Krispy Kreme Doughnuts, Inc. and Kroll Zolfo Cooper LLC, along with Stephen F. Cooper and Steven G. Panagos, have agreed to extend the deadline for negotiating a "Success Fee" as defined in their existing Services Agreement. The new deadline for reaching an agreement on the Success Fee is April 30, 2005. This letter confirms the extension and is signed by representatives of all parties involved.

EX-10.1 2 krispy8kno2-031805ex101.txt LETTER AGREEMENT DATED MARCH 10, 2005 Exhibit 10.1 [Kroll Zolfo Cooper LLC Letterhead] March 10, 2005 Frank Murphy, Esq. General Counsel Krispy Kreme Doughnuts, Inc. 370 Knollwood Street, Suite 500 Winston-Salem, NC 27103 Dear Frank: Reference is made to that certain Services Agreement between and among Krispy Kreme Doughnuts, Inc., Kroll Zolfo Cooper LLC, Stephen F. Cooper and Steven G. Panagos dated January 18, 2005. This will confirm the parties' agreement to extend the deadline to negotiate a "Success Fee" (as that term is defined in the Services Agreement) through and including April 30, 2005. Very truly yours, /s/ Elizabeth S. Kardos ---------------------------------- Elizabeth S. Kardos General Counsel for Kroll Zolfo Cooper LLC Agreed: By: /s/ James H. Morgan ____________________________ Krispy Kreme Doughnuts, Inc. By: /s/ Stephen F. Cooper ____________________________ Stephen F. Cooper By: /s/ Steven G. Panagos ____________________________ Steven G. Panagos