Franchise Disclosure Document Issuance Date: April 1,20442014

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FRANCHISE DISCLOSURE DOCUMENT ISSUANCE DATE: APRIL 1,20442014

CINNABON, INC. A Washington corporation 200 Glenridge Point Parkway, Suite 200, Atlanta, Georgia 30342 (404) 255-3250 requests@cinnabon.com www.cinnabon.com ©20432014 Cinnabon, Inc. All rights reserved.

Cinnabon Franchise Disclosure Document o*i.Qi.aoi3v204.01.2014 CINNABON, INC. A Washington corporation 200 Glenridge Point Parkway, Suite 200 Atlanta, Georgia 30342 (404) 255-3250 [email protected] CINNABON www.cinnabon.com

FRANCHISE DISCLOSURE DOCUMENT You will operate a Cinnabon® retail bakery. Cinnabon® bakeries are retail stores that sell fresh baked cinnamon rolls and related products. The total investment necessary to begin operation of a Cinnabon® Full Bakery franchise ranges from $142,3331&&D50 to $365,7003&L5Qfl. This total investment estimate for a Full Bakery includes a $30,000 initial franchise fee that must be paid to us. The total investment necessary to begin operation of a Cinnabon® Full Bakory with a Carvel®-Express franohiso inside itBakeiy ranges from $210,000 to $427,500. This total investment estimate for a Full Bakory includes a $30,000 initial franohiso foo that must be paid to us and a $7,500 initial franohiso foo that must ho piid to r.nrva\ Corporation in nnnnftfition with the Cnrvftl® Express franchise34.700 to $92,050. The total investment necessary to begin operation of a Cinnabon® Express Bakery ranges from $36,126 to $94,170. The total invostmont necessary to begin operation of a Cinnabon® Exprocs Bakory located in a new Schlotzsky's® Restaurant ranges from $24,564 to $34^3434.984. These total investment estimates for Express Bakeries include a $7,500 initial franchise fee that must be paid to us. These total investment estimates include your cost to purchase a designated POS System, which currently ranges from $3,100 for one register to $6,200 for two registers (the initial cost estimate includes software support and maintenance and hardware maintenance for the first year), that must be paid to our affiliate. This Disclosure Document summarizes certain provisions of your franchise agreement, territory agreement and other information in plain English. Read this Disclosure Document and all accompanying agreements carefully. You must receive this Disclosure Document at least 14 calendar-days before you sign a binding agreement with, or make any payment to, the franchisor or an affiliate in connection with the proposed franchise sale. Note, however, that no governmental agency has verified the information contained in this document. You may wish to receive your Disclosure Document in another format that is more convenient for you. To discuss the availability of disclosures in different formats, contact our sales department at 200 Glenridge Point Parkway, Suite 200, Atlanta, Georgia 30342 and 404-255- 3250 or [email protected]. The terms of your contract will govern your franchise relationship. Don't rely on the Disclosure Document alone to understand your contract. Read all of your contract carefully. Show your contract and this Disclosure Document to an advisor, like a lawyer or an accountant. Buying a franchise is a complex investment. The information in this Disclosure Document can help you make up your mind. More information on franchising, such as "A Consumer's Guide to Buying a Franchise," which can help you understand how to use this Disclosure Document, is available from the Federal Trade Commission. You can contact the FTC at 1-877-FTC-HELP or by writing to the FTC at 600 Pennsylvania Avenue, NW, Washington, D.C. 20580. You can also visit the FTC's home page at www.ftc.gov for additional information. Call your state agency or visit your public library for other sources of information on franchising. There may also be laws on franchising in your state. Ask your state agencies about them.

Cinnabon Franchise Disclosure Document oi.Qi.aoi3waQ4.Q1,2014 The issuance date ofthis Franchise Disclosure Document is April 1, 30432014.

Cinnabon Franchise Disclosure Document Qi.Qi.2oi3vaQ4.01.2014 STATE OO^ERPAGE

Your state may haveafranohise law t^ franchise administrator before offering or selling in your state REGiSTRATiON OF A FRANCHISE OYASTATE OOES NOT MEAN THAT THE STATE REOOMMENOS THE FRANCHISE ORHAS^ERIFiEO THE INFORMATION IN THiS OiSOI^OSOREOOOOMENT

Call the statefranohise administrator listed in Exhibit C to this Oisciosure Oocument for information about the franchisor or about franchising in ye^^^ state

MAI^Y FRANCHISE AGREEMENTS OOÔTAÔWYC^ TO RENEW OI^CCNOiTI^^ AFTER THE INITIAL TERM EXPIRES YOO MAY HAÊ TO SIGNANEW AGREEMENT WITH DIFFERENT TERMS ANO CONOITIONS IN OROER TO CONTINUE TO OPERATE YOOROOSINESS BEFORE YOO 80Y,CONSIOERWHATRIGHTS YOO HAÊTO RENEW YOOR FRANCHISE, IFANYÂNOWHATTERMSYOOMIGHTHAÊTOACCEPT IN OROER TO RENEW

PleaseconsiderthefollowingRIS^FACTORS beforeyou buy this franchisee

1 THE FRANCHISE AGREEMENT ANOTERRITORY AGREEMENT PERMIT YOOTO ARBITRATE OR SOE ONI^Y IN GEORGIA OOT OF STATE ARBITRATION OR LITIGATION MAYFORCE YOO TO ACCEPTALESSFAVGRABLE SETTLEMENT FOR OISPOTES ITAtiSOMAYCOSTMORETOARBITRATEWITH OR SOE CINNABON IN GEORGIATHAN INYOOR HOME STATE CERTAIN STATES HA^E IDAWSTHAT SOPERSEOETHISREOOIREMENT SEE THE STATE AOOENOA TO THE FRANCHISE AGREEMENTAND THE TERRITORYAGREEMENT,ANO THE STATE AOOENOATO THEOISCtiOSOREOOCOMENT

2 THE FRANCHISE AGREEMENT ANO TERRITORY AGREEMENT STATE THAT GEORGIA I^W GOVERNS THESEAGREEMENTS THIS I^WMAYNOT PROVIDE THE S^ME PROTECTIONS ANO BENEFITS AS tiOCAID IÂW YOO MAY WANT TO COMPARE THESE I^WS EÊNTHOOGH THE FRANCHISE AGREEMENT PROVIDES THAT GEORGIA IÂWAPPOESÔCAI^ I^W MAYSOPERSEOE THIS REOOIREMENT IN YOOR STATE SEE THE STATE AOOENOA TO THE FRANCHISE AGREEMENT ANO TERRITORY AGREEMENT, ANO THE STATE AOOENOA TO THE OISCIDOSORE OOCOMENT

3 CINNABON GRANTS YOO NO TERRITORIAL RIGHTS OTHER THAN THOSE FOR THE PREMISES OF THE CINNABON BAKERY ONDER THE FRANCHISE AGREEMENT SEE ITEMÔF THIS DISCtiOSORE OOCOMENT CINNABON MAYCOMPETE WITH YOO BY ITS SAIÊS TO SOPERMARÊTS, CONVENIENCE STORES ANO OTHER BOSINESSES

4 THERE MAYBE OTHER RIS^S CONCERNING THIS FRANCHISE

The effective dates of this Franchise Oisclosure Oocument in the states with franchise registration laws in which we have sought registration appear on Attachments

C^ônF^^^D^^ ^HEFOÔW^G APPLES TO TRANSACTIONS GO^RNEOBY THE MIOHIOAN FRANCHISE INVESTMENT ÂWON^

THE STATE OF MICHIGAN PROHIBITS CERTAIN ONFAIR PROVISIONS THAT ARE SOMETIMES IN FRANCHISE OOCOMENTS IF ANY OF THE FOÔWINO PROVISIONS ARE IN THESE FRANCHISE OOCOMENTS^THE PROVISIONS ARE ÔIO ANO CANNOT BE ENFORCED AOAINSTYOO Eaoh of thefoliowing provônsis void and unenforooabieif contained in any doouments relating foafranohise^ (a) Aprohibitionontherightofafranohiseetoôinanassooiationoffranohisees. (b) Aregoirementthatafranohiseeassenttoarelease, assignment, novation, waiver, orestoppeiwhiohdeprivesafranohiseeofrightsand proteotion provided in this aot This shali notpreoludeafranohisee,afterenteringintoafranohiseagreernent,from settling any and aii oiaims. (o) Aprovision that permitsafranohisor to terminateafranohise prior to the expiration of its term except for good oause Good oaose shall include the failure of the franchisee to comply with any lawful provision of the franchise agreement and to cure such failure after being given written notice thereof andareasonable opportunity, which in no event need be more than 3Cdays, to cure such failure. (d) Aprovision that permitsafranchisor to refuse to renewafranchise without fairly compensating the franchisee by repurchase or other means for the fair market value at the time of expiration of the franchisee's inventory, supplies, equipment, fixtures^ and furnishings. Personalized materials which have no value to the franchisor and inventory, supplies, equi^ment,fixtures, and furnishingsnot reasonably required in the conductof the franchise business are not subject to compensation. This subsection applies only if^ (^theterm of the franchiseislessthan5yearsand(ii)thefranchiseeisprohibitedby the franchise or other agreement from continuing to conduct substantially the same business under another trademark, service mark, trade name, logotype, advertising, or other commercial symbol in the same area subsequent to the expiration of the franchise or the franchisee does not receive at least^months advance notice offranchisor's intent not to renewthe franchise (e) Aprovisionthatpermits the franchisor to refuse torenewafranchise on terms generally available to other franchisees of the same class or type under similar circumstances Thissection does not requirearenewal provision (f) Aprovisionrequiring that arbitration or litigation he conducted outside this stat^^ This shall not preclude the franchisee from entering into an agreement, at the time of arbitra^^ to conduct arbitration atalocation outside this state (g) ^provisionwhich permitsafranchisor to refuse to permitatransfer of ownership of a franchise, except forgood cause This subdivision does not prevent a franchisor from exercisingarightoffirstrefusaltopurchasethefranchise Good cause shall include,hut is not limitedto^ (i) The failure of the proposed transferee to meet the franchisor's thencurrent reasonable qualifications or standards ^ The fact that the proposed transferee isacompetitor of the franchisor or subfranchisor (iii) The unwillingness of the proposed transferee to agree in writing to comply with all lawful obligations. (iv) The failure of the franchisee or proposed transferee to pay any sums owing to the franchisor or to cure any default in the franchise agreement existing at the time of the proposed transfer

Cinnabon Franchise Disclosure Document o

If the franchisor's most recent financial statements are unaudited and show a net worth of less than $100,000, the franchisee may request the franchisor to arrange for the escrow of initial investment and other funds paid by the franchisee until the obligations, if any, of the franchisor to provide real estate, improvements, equipment, inventory, training or other items included in the franchise offering are fulfilled. At the option of the franchisor, a surety bond may be provided in place of escrow.

THE FACT THAT THERE IS A NOTICE OF THS OFFERING ON FILE WTTH THE ATTORNEY GENERAL- DOES NOT CONSTTTUTE APPROVAL, RECOWMENDATTON, OR ENDORSBVENT BY THE ATTORNEY GB4ERAL

Any questions regarding this notice should be directed to:

State of Michigan Department of Attorney General G. Mennen Williams Building, 7th Floor 525 W. Ottawa Street Lansing, Michigan 48909 Telephone Number: (517)373-7117

Cinnabon Franchise Disclosure Dnnument o-i 01 aoiavaQ4.01.2Q34 ATTACHMENT 1

The effective dates of registration and the issuance dates of this Disclosure Document or exemption in the registration and non-registration states listed below are:

State Effective Date

California Exempt

Florida (exemption) Exempt

Hawaii

Illinois Exempt

Indiana Exempt

Maryland Exempt

Michigan Exempt

Minnesota

New York Exempt

North Dakota

Rhode Island

South Dakota

Utah (exemption) Exempt

Virginia Exempt

Washington

Wisconsin

All Other States April 1,20432014

Cinnabon Franchise Disclosure Document 01 01 2oi3v204 01 2014 TABLE OF CONTENTS

ITEM PAGE ITEM 1 THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND -AFFILIATES 1 ITEM 2 BUSINESS EXPERIENCE 91fl ITEM 3 LITIGATION 4314 ITEM 4 BANKRUPTCY 14 ITEM 5 INITIAL FEES 15 ITEM 6 OTHER FEES 4S1Z ITEM 7 ESTIMATED INITIAL INVESTMENT 2422 ITEM 8 RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES 30 ITEM 9 FRANCHISEE'S OBLIGATIONS 3634 ITEM 10 FINANCING 373§ ITEM 11 FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING 332S ITEM 12 TERRITORY 4345 ITEM 13 TRADEMARKS 5448 ITEM 14 PATENTS, COPYRIGHTS AND PROPRIETARY INFORMATION 5342 ITEM 15 OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS 56S1 ITEM 16 RESTRICTIONS ON WHAT THE FRANCHISEE MAY SELL 56M ITEM 17 RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION 5753 ITEM 18 PUBLIC FIGURES ST&S ITEM 19 FINANCIAL PERFORMANCE REPRESENTATIONS ITEM 20 OUTLETS AND FRANCHISEE INFORMATION 72 ITEM 21 FINANCIAL STATEMENTS 33gg ITEM 22 CONTRACTS 33&1 ITEM 23 RECEIPT 34M

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Cinnabon Franchise Disclosure Document OA OI ao-iavaCM.01.2014 EXH^TS: EXH^TA ^NANOIAL STATEMENTS EXHI^TB CINNABON ERANCHISEAOREEMENT ANO RELATEO AOREEME^^^ ScheduleA Schedule cf Events and Ownership Schedule ScheduleB Personal Covenants ScheduleC Guaranty of Payment and Performance ScheduleO State Law Addendum (If Required)

EXHIBITC CINNABONTERRITORY AGREEMENT ANO RELATEO AGREEMENTS: ScheduleA Oescrlption of Oesignated Area and Ownership Schedule ScheduleB Oevelopment Schedule ScheduleC - Personal Covenants ScheduleO Guaranty of Payment and Performance ScheduleE State Law Addendum (If Required)

EXHIBITO OTHERAGREEMENTS Cinnahon Express Addendum Satellite Retail OnitAddendum MICROS End User License Agreement General Release

EXHIBITE INFORMATION ON FRANCHISEES EXHIBITF INFORMATION ON FORMER FRANCHISEES EXHIBITG STATEAOMINISTRATORS EXHIBITH AGENTS FOR SERVICE OF PROCESS EXHIBITI STATEAOOENOATO OISCLOSURE OOCUMENT EXHIBITS FRANCHISEE OISCLOSURE OUESTIONNAIRE EXHIBITS RECEIPT

AOOITIONAL STATE LAWMAYREOUIREAOOITIONALOISCLOSURESRELATEO TO THE INFORMATION CONTAINED IN THIS OISOLOSORE OOCOMENT THESE ADDITIONAL DISCLOSORESBPAN^APPEARIN EXHIBITI

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Cinnabon Fraochise Oisciosure Oooomer^ ITEM^

THEFRANCH^ORANOANYP^^

Tosimp^the language in this OôsoreOooume^ theânohisor ô^meansêindûaiorindividuaôrbus^ inoluding suoh ontit^s owners, oôers and dir^ Our agents for servioe of prooess are disclosed in Exhibits

Our Busioess

We do husiness under fhe name "OinnahonB We areaWashingfon corporation Our principal husiness address is 200 Olenridge Point Parkway Suite 200, Atlanta, Oeor^^^

We have operated Oinnahon retail outlets from1990 to the present We offered Oinnahon franchises from 1990 to 1994, and reoommenoedoffering franchises in March 1999. As of Oecemher31 204^2013 franchisees operated 544582 Oinnahon retail outlets in the 0 States and 494558 Oinnahon retail outlets outside the United States As of Oecemher 31, 2012^t^ Oinnahon operated ^1 companv owned Oinnahon retail outlets^t^t in the United States. We do not offer franchises in any other line of husiness, except as disclosed helow. Wehavenotsold master franchisesforoperation inthe United Statesand do not currently expect to do so. None ofour affiliates has offered franchisesfor the husiness descrihed in this Oisclosure Oocument We have had no predecessors within the past 44^12 years

We also have had, since 2008, master franchise rights to suhfranohise Seattle's Best Ooffee® franchises on military hases in the United States and internationally in 10 countries As of Oecemher 81,204^2^3, ourfranchisees operated5SBOOafes on military hases in the United States and 44^148 SBOOafes internationally

Wealsosellproductsto^wholesaleaccountsthatofferOinnahonproductsatretail,suchas supermarkets, convenience stores, cluh stores and other similar retail outlets and (ii)unaffil^^ branded restaurants and retail stores that we permit to sell one or more Oinnahon branded products.

Our Parent Ocm^aoy

WeareawhollyownedsubsidiaryofOinnabon International, Inc ^'Oinnahon Internationa^^ Delaware corporation. Oinnahon International does not offer franchises in any line of husiness and does not otherwise conduct businesses ofthe type offered to you in this Oisclosure Oocument Oinnahon International is a wholly owned subsidiary of POOUS Brands Inc ^POOUS Brands"),aOelaware corporation POOUS Brands does not directly offer franchises in any line of business and does not otherwise conduct businesses of the type offered to you in this Oisclosure Oocument. The principal business address of Oinnahon International and POOUS Brands is 200 Olenridge Point Parkway, Suite 200, Atlanta, Georgia 80842

On Novembers, 2004, POOUS Brands acquired all of theoutstanding stock of Oinnahon International from APO Enterprises, Inc ^APO") (the ^Acquisitions As a result ofthe Acquisition,Oinnahon International beoameawhollyowned subsidiary of POOUS Brands

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Clnoahon Franchise Oisciosure Oooumeot^ oi aoi^ A^iatesThat Provide ServicesToFraochisees

We have two abates that prov^ ('FBR^ and Auntie Anne^ Ino. ^Auntie Anne^ FBRiadministers our gift oardprogram FBR^pnnoipaipiaoe of husiness is 200 Glenridge Point Parkway, ^ 30342 PBPi wiii reoeive an administration fee eguai to 3^0 of the gross gift oard sales made in 20432^4,whioh wiii he taken from the breakage issued to PBRi for unredeemed gift oards, per appiioahie state law. After deduction of PBPi's administrative fees, aii remaining hre^ associated with the Oinnahon® franchise system (the 'Systems received hy POP! wiii he deposited in the Advertising Pund PBRIhas not conductedabusiness of the type that you wiii operate andhasnot offered franchises for this or andother business Seeltem3formore information on our gift oard program

Auntie Anne's ieases carts and equipment to our franchisees participating in the Sateiiite Retaii Unit ^SRO") program. See items5and8formore information on the SRO program Auntie Anne's, through its division POS Solutions Group, provides polling and electronic point of sale system (the ^POS System ") equipment and support for the System POS Solutions Group and AuntieAnne's have a principal place ofhusiness at4850 W Ohestnut Street, Suite 200, Lancaster, PA17603 See Item 11 for more informationon our pollingand POS System requirements

Atfiiiates Prancbise Pro-ams

POOOS Brands

POOOS Brands is the direct or indirect parent company to^franchisors, including us, Oarvel Oorporation (^Oarvel"), Schlotzsky's Franchise LLO (^Schlotzsky's), Moe's Pranchisor LLO ^MP''^ a^AuntieAnne^^ (collectively, '^POOOS Brands Portfolio"). Through common oontrol with or common managementby POOOS Brands,we are affiliated with the following franchise programs within the POOOS Brands Portfolio:

Oarvelisaleading retailer of branded ice creamcakes in the Onited States andaproducer of oremiumsoft serve ice cream OarvelwasacouiredhvRoarkOaoitalGroup Inc in October 2^ Oai^el's principal place of business is 200 Glenridge Point Parkway, Suite 200, Atlanta^ Georgia 30342 Oarvel has been associated with the ice cream business since1934.0arvel began franchising retail ice cream shoppes in 1947 and as of Oecemher 31, 29422013 had 357377 domestic retail shoppes (including 4^32 shoppes co-branded in Schlotzsky's Restaurantsrestaurants operated hy our affiliate), 4447 international retail shores, 35and^26 foodservioe locations operated by independent third parties and 11 company operated stadium locations that of^erOarvel^ ice cream and frozen desserts including cakes and ice cream novelties. Oarvel has not offered franchises in any other line of business

Schlotzsky's franchises Schlotzsky's^ quick casual restaurants which feature sandwiches, pizza, soups, and salads Schlotzsky'ssignature items are its ^freshfromscratch'sandwich buns and pizza crusts that are baked on site every day On November 17, 2006, POOOS Brands,through its wholly owned subsidiary,Schlotzsky's, purchased from Schlotzsky's, Ltd. and its affiliate, Schlotzsky's Real Estate Holdings, Ltd , hoth Texas limited partnerships, substantially all ofthe assets, including, among other items, all franchise agreements and trademarks, service marks and other intellectual property, that comprise the

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Ciooahoo Fraochise Oisciosure^ Soôtzsky^ Roôuroêû^ ânohise system and the Schlotzsky's brand 44^Sohlotzsky's tronohioo oyotem s pnnoipal plaoe of hosiness is 301 Congress Avenue, SuitoHOO, Austin,Texas Cn or around ^ne^2013,Sohlotzsky'sprinoipol husiness address wiii hooome 11401 Century Caks Terraoe, Suite 400, Austin, Texas 73758 S^hi^t^v sRostaurantrestaurant franchises have heen offered sinoe 1078 AsofOeoemher 81 294^2018 there were 299298 franchised Sohiotzskv'sRostaurantsrestau^^ the United States, 4432 companyowned Restaurantsrestaurants and 443 Schlotzsky's Restaurantsrestaurants ooeratino outside the United States Schlotzsky's has not offered franchises in any other line of husiness

Cn August 29,2007,MP,awholly owned subsidiary of PCCUS Brands, purchased from Moe's SWC Holdings, LLC, Moe's Ho^ theassets, inciuding, among other items, all franchiseagreements andtrademarks, service marks and other intellectual property,that comprised the Moe's Southwest Crill^ fast casual restaurant concept As a result, MP franchises the Moe's Southwest Crill^fast casual restaurant concept that offers fresh-mex and southwestern food MP's principal olace of husiness adêssîs 200 Clenridge Point Parkway, Suite 200, Atlanta, Ceorgia 8 predecessor, Moe'sSouthwest Crill, LLC, heganoffering Moe's franchises in 2001 As of Oecemher 81, 29422018 there were 479528 franchised Moe's R^taurantsrestaurants operating in the United States, 35 operating outside the United States and4companyowned Moe's Rostaurants^t^ô^ in the United States MP has not offered franchises in any other line of husiness.

Auntie Anne's franchises Auntie Anne's^ facilities that offer soft pretzels, lemonade,frozen drinks and related foods and beverages Cn November 5, 2010, PCCUS Brands purchased all the outstanding shares of Auntie Anne's Pood, Inc ^AAPI"), the parent company of Auntie Anne's Thr^h the purchase of AAPI'ssharesan acouisition PCCUS Brands became the indirect parent oompany of Auntie Anne's AuntieAnne's principal place of business is 48 50 W Chestnut Street, Suite 200, Lancaster, Pennsylvania 17808 Auntie Anne's has offered franchises since January 1991 As of Oecemher 81, ^94^2018 there were approximately 3332^fi^anchisedfacilities and 4415companyowned stores inthe United States and approximately 33342^franohised facilities operating outside theUnitedStates Auntie Anne's has not offered franchises in any other line of business

McAlister's offers full size and non traditional fast casual restaurant f^^^ service onoremises and takeout services featurinoacomplete or limited line of deli fo^^^^ includinohotandcolddelisandwiches ha^ed potatoes salads souos desserts iced tea and otherfood and heveraoe products underthe names ^MCALISTPR'SOPLI^'or ^MCALISTPRS SPLPCT^ " McAlister's principal Place of husiness Is 4501 North Point Parkway Suite 100 Alpharetta Georoia 80022 and it has an additional operations center located at 721 Avioon Orive SuiteA Ridoeland Mississippi 89157 McAlister^s has heen franchisino since as of Oecemher 81 2018 had 275 domestic franchised restaurants and 48 comoanv owned restaurants McAlister's became an affiliated franchise prooram throuoh an acoui^^^^^ 2005 andinCctober2018 McAlister's parent was meroedwithasuhsidiary of PCCUS Brands and McAlister's hecame an indirect subsidiary of PCCUS Brands McAlister's has not offered franchises in any other line ofhusiness

Cther Brands

Through common control with or common management by either Roark Capital Croup,lnc ^RCC") or Roark Capital Management LLC, hoth Atlanta hased management companies FOOPage8 r^^b^F^^^D^^ âted w^the pnvaêqu^^m, RoarkOap^ Groo^ weaâô^êd w^the lowing addôn^^n^se ^grams (ooîv^y w^the FOCUS Brands Pernio, the ^liated Programs^

FASTSICNS Internationa^ Ino ^FASTSICNS") isafranohisorof husinesses speoializing in selling marketing produotion a inoiudingsigns(hoth noneieotrioai and eieotrioai), graphics, hanners,tlags,veh^ vehioie wraps, ADA signage, oomplianoe signs, dimensional ietters, dimensional signage, ready to apply lettering, exhihits and di displays, digital imaging printing (inoluding small format, large format and grand format), advertising and promotional produots (inoluding wearahles), eleotronio or digital signag^^ haroodes, wehsites(hoth regularand mohileDoptimized), logoBartworkdesignand illustration, produot wraps and other related graphics, marketing servioes and other complementary products and services, with its principal place of h^ Texas FASTSICNS ^eeshas done husiness under the nomonames American Fastsigns®^t^,FASTSICNS International, Inc andFASTSICNS^ FASTSICNS has heen franchising since1986 and as of Oecemher 31, 29^2^ had 453485 centers in the U^^^ States and 5747 centers internationally Additionally there are 17 SICNWAVF centers ooeratino in Australia under our Austral^ franchise program throuoh an acouisition in Octoher 2008 FASTSIONS has not offered franchises in any other line of husiness.

McAlister's Oorporotion^McA^ casual restaurant franchises offoring counter servioe, onpremises and takeout services featuringaoompleteorlimitodlineofdelifoods,inoluding hot and cold deli sandwiches,haked potatoes, salads,soups, desserts, iced tea and other food andheverage produots under the namesÔALISTER'SOELIêr^lVIOAOSTER'SSELEOT^B McAlister's principal place of husiness is 4801 North Point Parkway, SuitelOO, Alpharetta, Ceorgia 80022 and it has an additional operation oenter located at 721 AvigonOrive, Suite A, Ridgeland, Mississippi 80187 McAlister's has heen franchising since1000 and as of Oecemher 81, 2012 had 278 domestic franchised restaurants and 84 companyowned restaurants—McAlister's has not offered franchises in any other line of husiness Batteries Plus, L.L.C. ^BatteriesPlus")isafranchisor that offers individual andmultiple unit franchises for the operation of Batteries Plus Bulhs^ stores selling hatteries, light hulhs- related êmsaocessories and services for tê^retail consumer and commercial accounts. Batteries Plus'orincioal olace of husiness is ^^1828 VValnutPidoeOrive Suite 100 Hartland Wisconsin 88020. Batteries Plus hecame an affiliated franchise program through an acquisition in November 2007 Batteries Plus has heen franchising since August 1098 and as of Oecemher 81, 254^2^ had 5448^ franchised stores and 5540 company owned stores Batteries Plus has not offered franchises in any other line of husiness.

PrimroseSchool Pranchising Company (^Primrose') isafranchisor that offers franchises for the estahlishment, development and operation of Primrose School educational child care facilities servingfamilieswith childrenfrom 8 weeksto 12 vears old ooeratino under the Primroses name Primrose's principal place of husinessis 8880 Cedarcrest Poad, Acworth, Ceorgia 80101. Primrose hecame an affiliated franchise program through an acquisition in ^une 2008. Primrose has heen franchising since 1988 and as of Oecemher 81, ^54^2013 had 255272 franchised facilities andloompanyowned facility Primrose has not offered franchises in other line of husiness

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Ciohahoh Fraochise OisciosoreOocomeot 0101^^04^0^ Pet Valu Canada ^c ^PetV^ operating under the trademarks reptiles and smail animal Pet Valu^prinoipaipiaoe of husiness is 7300 War^^ 106, Markham, Ontario 0^6 Pet Vaiuheoame an affiliated franchise program through acquisition in August 2000 Pet Valu has heen franchising sinoe 1967 Pet Valu also operates 2one other small oâir^hain of soeoialtv retails and one other chain of specialty retail pet supply stores in British Coiumhia, Canada. Oê^^ small Ontario chain operates under the trademark 'Paulmac's Pet Poods" and, as of Oecemher 34^, 204^2^^ there were franchised and British Columhia chain, acquired hy Pet Valu in April 2010, operates under thetrademark Lesley's Pet Pood Plus" and, as of Oecemher 34^, 294^2^^ there were franchised and2522companyowned stores Asof Oecemher3423, 294^2013 therewere 234251 franchised and 102 company owned Pet Valu stores ooeratino in Ontario. Alhorta^Manitoho ond Nova Scotia, Canada, 499^^123comânyowned Pet Valu stores in Ontario, Manitoha, Alhorta, Now Brunswick, Nova Scotiaand Saskatohowan, Canada, 02compan^ ownod Pot Valu storesin the United States (Maryland, Pennsylvania, Virginia and Newôrsey) and 1 franchised Pot Valu store in tho United States (Pennsylvania) Pet Valu has not offered franchises in any other line of husiness Pet Valued currently only offers franchises forthe operation of Pet Valu and Bosley's stores in Canada

WingstopRestaurants,lnc(ÎNCSTOPîsafranchisor of restaurants operas WINCSTOP^ trade nameand husinesssystemthat serve huffalo-style chicken wings and complementary side dishes and heverages Its principal place of husiness is1101E Arapaho Roa^ Sê ^ Pichardson5501 LB^ Preewav 5th Ploor Pallas Texas 7508175240 WINCSTOP hecame an affiliated franchise program through an acquisition in April 2010 WINCSTOP has heen franchising since May 1007 and, as of Oecemher 20 294^2013 had533503restaurantsooeratinaintheUnited States (540552 franchised and 2324companyowned) and 4421restaurants operating internationally WINCSTOPhas not offered franchises in any other line of husiness

CBCRestaurantCorp ^Corner Bakeryîsafranchisor of fastcasual restaurants opera^^ under the Corner Bakery Cafe^ trade name and husiness system that serve artisanhreads, salads, sandwiches, soups and haked goods for hreakfast, lunch and dinner Corner Bakery's principal place of husiness is 12700 Park Central Orive, Suite 1300, Oallas, Texas 75251 In ûne 2011, Corner Bakery hecame an aflîliatedfranohise program through the merger of Corner Bakery's parent, II Pornaio (America) Corporation withacompany controlled hyRCC through RCG s affiliated companiesan acouisition Corner Bakery has heen franchisino since îune 2006 and as of Oecemher 31 204^2013 there were 400110 comoanv owned restaurants and 3540 franchised restaurants in the United States Corner Bakery has not offered franchises in any other line of husiness

Arhy's Restaurant Croup, Inc ('A^hy's') isafranohisor of quickserve restaurants operating under the Arhy's^ trade name and husiness system that feature slow roasted, freshly sliced roasted heef sandwiches. Arhy's principal place of husiness is 1155 Perimeter Center West, Suite 1200, Atlanta, Ceorgia 30336 In ûly 2011, Arhy's hecame an affiliatedfranchise program through têô acquisition of all of Arhy's outstanding stock hyaoompany controlled hy ROC through PCC's affiliated companies. Arhy's has heen franchising since 1065 and, as of Oecemher 31 2O^2013 there were approximately 3^3543 267 Arhv's restaurants operating in the United States ^3432 311 franchised and 4^044255 company owned), and 425135 franchised Arhy'srestaurants operating internationally. Predecessors and former affiliates of Arhy's have, in the past, offered franchises for other restaurant concepts including T. ^. FOOPage5 r^^booF^^^D^^^ Cinnamons ond Posto Oonnootion® As of Oooembor 31, 20422^3^ thoro woro approximated O^^T.Ôinna^ T.^ Cinnamons stores serve gourmet haked goods. A predecessor otArhy's offered franchises tor Pasta Conneotion rostaurants and the last Pasta Connection franchise ciosed in 2008.

Massage Envy Pranchising, tiLC is a franchisor of husinesses that offers professional therapeutic massage services, facial services and related goods and services under the name 'Massage Envy^or-MassageEnvySpa^-MassageEnvy Pranchising'sprincipal placeof husiness is 14380 North87th Street, Suite200, Scottsdale, Arizona88280 InSeptemher 2012,throughasorios of transaotions, Massage Envy hecame an affiliated franchise program through t^ean acquisition hy a company controlled through affiliated companies hy Roark Capital Management of all of the ownership intorostsin Massage Env^ Pranchising's direct parent, Massage Envy, tiLC Massage Envy Pranchising has heen franchising since 2010 and through its predecessorsince 2003 As of Oeoemher81, 2042^3^^^^545242 franchised Massage Envy Spas operating in the United States Additionally, the predecessor of Massage Envy Pranchising previously sold franchises for regional developers,who acquireda licenseforadefined region in which they were required to openandoperateadesignated numher of Massage Envy Spas either hy themselves or through franchisees that they would solioit Asof Oecemher81, 254^2^3, there were 4441regional developersoperating53 regions in the United States Massaoe Envy Pranchisino has not offered franchises in any other line of husiness

CKE Inc throuoh two indirect whollv owned suhsidiaries ^Carl's^r Restaurants tiLC Hardee'sRestaurantsLtiC^ owns operates and franchises ouick serve restaurants ooeratino under the Carl's ^r ^ Hardee's^ Creen Burritos and Red Burritos trade systems Carl's^r restaurants and Hardee's restaurants offeralimited menu of hreakfast lunch and dinner products featurinocharhroiled 100^ Black AnousThic^huroe^ sandwiches HandBreadedChickenTenders Made from Scratch Biscuits and other related ouick se^ve menu itemsCreen Burrito and Red Burrito each offer certain Mexican food products inaouick serve format Creen Burrito franchises are only offered in conjunction withaCarl's^rOual Concept Restaurant that incorporates the Creen Burrito Oual Concept System RedBurrito franchises are only offered in conjunction withaHardee's Oual Concept Restaurant that incorporates the Red Burrito Oual Concept System CKE Inc 's principal place of husiness is 8807 CarpinteriaAvenueSuiteACarpinteriaCalifornia 08013 Cn Oecemher 24 2013 CKE Inc hecame an affiliated comoanv throuoh the acouisition ofasuhstantial majority of C^ Inc 's stock Hardee's restaurants have heen franchised since1081 and Red Burrito Oual Concept restaurants have heen franchised since 2008 As of January 27^2014therewere457 companv ooeratedHardee'srestaurants includino 318 Red Burrito Oual Concept restaurants and there were 1284 domestic franchised Hardee's restaurants includinq 138 Red Burrito Oual Conceotrestaurants Additionally there were 275 franchised Hardee's restaurants ooeratino outside the United States Carl's^r restaurants have heen franchised since 1984 and Creen Burrito Oual Concept restaurants have heen franchised since 1008 As of January 27 2014 therewere 437 comoanyooeratedCarl's^r restaurants includina 208 Creen Burrito Oual Concept restaurants and there were 700 domestic 315 Creen Burrito Oual Concept restaurants Inaddition there were 208 franchised Carl's ^r restaurantsooeratinooutsidetheUnitedStates Neither CKE Inc nor its suhs^^ operate the ahove descrihed franchise systems have offered franchises in anv other line of husiness

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Ciohahoh Franchise Oisolosore Oocumeoto^ ^^^ OT^^^ Exceptasdesonbed above, none provideproduotsorse^oestoyo^ however, you may purohaseproduots or servioes from fhese franchisors if you ohoosefo do so.

Exoepf as described ahove, we have no ofher parents, predecessors or affiiiafesfhafrnusf he included in fhis Item.

The Franchises Otfere^ andthe Aoreement

We offer franchises fooperafeaCinnabon® retail bakery Oinnahon® bakeries are retail stores that sell fresh baked cinnamon rolls and related products.

This Oisclosure Oocument describes afranchisefor a single Oinnahon Pull Bakery ^Pull Bakery") andasingleOinnahon Express Bakery express Bakery^,as follows:

D Pull Bakery where you produce and sellafull range of Oinnahon products If you will operatea Pull Bakery, you will signtheOinnahon Franchise Agreement attachedas ExhibitB(the ^Franchise Agreement")

^ Express Bakery-whereyouproduceandsellselected Oinnahon products If you will operate an Express Bakery, you will sign the FranchiseAgreement along with the OinnahonEx^ress Addendum attached as ExhibitO^the^Express Addendum^). The Express Addendum modifies certain terms of the Franchise Agreement Express Bakeriesmay belocated in thespace of another restaurant,food servicefacility, or business approved by us ^Flost Facility")

This Oisclosure Oocument refers to Full Bakeries and Express Bakeries as ^BakeriesB Unless otherwise noted, the disclosures in this Oisclosure Oocument apply to Pull Bakeries and Express Bakeries Before Aprils,there were^formats for Oinnahon franchises in-line bakeries, kiosks and microbakeries. Pull Bakeries are the same as the in line bakeries format that we previously offered. Express Bakeries include the kiosk and microbakery formats that we previously offered

We also offeraOinnabonTerritory Agreement (the'Territoi^ Agreement") to qualified,mul^^ unit operators,who will commit to developingacertain number of Bakeries We will negotiate with you the number of Bakeriesyou will develop under theTerritory Agreement and the minimum number of Bakeries you must develop is two and there is no maximum number The actual number of Bakeries you will develop under theTerritory Agreement will be set forth in the Oevelopment Schedule (defined helow). If you signaTerritory Agreement, we will grant you the right to estahlish an agreedupon number of Bakeries withinaspecified area (the designated Area"). Each Bakery will operate under the terms ofaseparate Franchise Agreement. You must establish Bakeries underadevelopment schedule that will be attached asaScheduleBto theTerritoryAgreement(the^OevelopmentSchedule") ThePranchise Agreement for each Bakery you establishundertheTerritoryAgreement willbe in the form of our thencurrent Franchise Agreement we are offering to new franohisees under the System at the time you sign the Franchise Agreement.

As part of our application process, you must oomplete an application and successfully passa financial credit check You may also be asked to successfully oomplete a test of basic competency in the English language andacriminal background check.

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C^^booFra^i5eOi5^ Franchisee/Industry Contact Referral Program We will pay a referral fee of $5,000 to the first of our franchisees or real estate brokers that introduce a new prospective franchisee for a Full Bakery to us, if we approve the new prospect and we and the.prospect sign a Franchise Agreement within 6 months after the referral is made and the prospective franchisee pays us the full $30,000 initial franchise fee. The. prospective franchisoo must havo liquid assots of at least $120,000 and a total net worth of $400,000. We will pay this referral fee when the referred prospective franchisee's Franchise Agreement is fully signed and the initial fee is fully paid. A prospective franchisee will not be considered new if the prospective franchisee (including any of the individual owners if the prospective franchisee is an entity) has signed a franchise agreement with any other brands in the FOCUS Brands Portfolio, and the $5,000 referral fee will only be paid once in connection with the first franchise agreement signed with a brand in the FOCUS Brands Portfolio. You must be in full compliance with all Franchise Agreements between you and Cinnobonug in order to receive a referral fee.

Competition and the Market

The market for your products and services is the general consuming public. Bakeries depend on serving a large number of customers, and are typically located inside facilities (e.g., malls, airports, etc.). We operate in a very competitive, specialized baked goods market. There are local, regional and national competitors that also specialize in cinnamon rolls. We also have local, regional and national competitors that offer different or more generalized offerings. You also may compete with our wholesale accounts that offer Cinnabon products at retail. We also may sell Cinnabon products, at wholesale, to other restaurant concepts owned, managed and/or franchised by us, the franchisors of the Affiliated Programs or our affiliates, and/or other channels of distribution including sales through mail order catalogs and the Internet. You must compete with all of these and other companies for locations, employees and customers. You also may compete with company-owned and/or franchised Bakeries.

You may also compete with (i) our wholesale accounts that offer Cinnabon products at retail, such as supermarkets, convenience stores, club stores and other similar retail outlets and (ii) unaffiliated branded restaurants and retail stores that we permit to sell one or more Cinnabon branded products including products that you are likely to sell in your Bakery and inciuding restaurants and retail stores near your Bakery. You are not entitled to additional rights or compensation in either case.

Carvel--Express Shoppos in a Cinnabon Bakery Carvel offers franchises for Carvel Express Shoppos. . Wo may authorize Carvel Express Shoppos to oporato in Cinnabon Bakorios. Carvol Express Shoppoc produce and offer a limited selection of soft serve ice croam and related products. We may roquiro your Bakory to havo a Carvol Express Shoppe as a condition of entering into a Franchiso Agreement with us. We may require your Bakery to havo a Carvol Express Shoppo whon we believe there is market demand in the area where your Bakery will operate but you are free to not enter a Franchise Agreement with us if you do not believe there is market demand in the aroa. Carvel Express Shoppos aro offered by Carvel through Carvel's Franchise Disclosure Document (the "Carvel Disclosure Document"). If you choose for your Bakery to have a Carvel Express Shoppo, we will havo Carvol provido you with a Carvel Disclosure Document and Carvol will only offer you a franchise for a Carvel Express Shoppo if Carvol obtains any nocossary franchise registration or exemptions to offer and soil franchises. You will have to sign a franchise agreement with Carvel to operate a Carvel Express Shoppe.—If you sign a

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Cinnabon Franchise Disclosure Document 01.01.2013^04.01.2014 Toôry Agreemeot with u^ we may require os a oondition of ontoring into a Tomtory Agroomont with uothot you ontorintoatorritory agroomont with Ooôl to dovolop Oarvel Express Shores in the Oinnahon Bakeries you develop undor theTerritory Agroomo You should rotor to the Oarvel OisolosureOooument tor all intormation related to the Oarvel Express Shoppes tranohise program (inoluding intormation rolatod to the initial investment and agreements that you must sign) Sales mado from your Oarvel Express Shoppe will ho included in oaloulations ot Net Sales otyour Bakery. Sateê Retail Omts

Inoertainoiroumstanoes, wealsograntgualitied tranohiseestherighttooperateaSatellite Retail Unit (^SRO") as an additional selling looation within the mall,airport,^ other retail looation where an existing Bakery is looated

It you will operateaSRO,you will sign the Satellite Retail UnitAddendum attached as ExhihitO (the ^SRO Addendum") The SRO Addendum modifies certain terms of the Eranchise Agreement

Oovernment Regulation aod Pertain Fac^

You must comply with all local, state and federal laws that apply to husinesses generally, including the Eair LahorStandards Acts, workers' compensation, Occupational Safety and Health Administration ('OSHA") andEqual Employment Opportunity Oommission regulations and state laws governing various matters, such as minimum wage, overtime and other working conditions, discrimination, sexual harassment, tax and environmental laws and laws and regulations on citizenship or immigration status. Some states require that employees' citizenship^immigration status he verified through the Oepartment of Homeland Security's Verify program Increases in the minimum wage can increase your lahor costs and affect your hottomline You also must comply with the provisions of the Americans with Oisahilities Act, whioh requires that employers provide reasonahle accommodations for employees and customers with disahilities Additionally, you must comply with all local, state and federal laws applicable to restaurants, including licensing, health, sanitation, smoking, safety, matters, andfoodandsafetyregulations Various federal and state agencies, inoluding theOS EoodandOrugAdministrationandtheOS Oepartment of Agriculture and state and local health and sanitation agencies have regulationsforthe preparation of food and thecondition of restaurant facilities The Olean Air Act and state implementing laws also may require certain geographic areas to attain and maintain certain air quality standards for ozone, carhon monoxide and particulate matters. As a result, husinesses involved in commercial food preparation may he subject to caps on emissions

Some states may require franchises to obtain restaurant, business, occupational, food products, and miscellaneous licenses. You also may have to obtain health licenses and to comply with health laws and regulationsthatapplyto restaurantandfood productestablishments In addition, you will need to comply with certain federal,stateandlocallawsandregulations relating to the labeling that is included on your menus, menu boards, and related materials.

You must ensure that your POS System or your credit card processing terminals (whichever are responsible for processing oredit card transactions) are in compliance with the most current Payment Oard Industry (POI)standards Thiscurrently includes ata minimum completing required assessments by the credit card associations, performing quarterly scans of the network, and in some cases may include on site audits You are solely responsible for complying with these standards and applicable regulations inatimely manner and for all costs FOOPageO

Clonahon Franchise Oisciosure Ooooment^o^^ of maintaining oompiianoo. Wo may provido you with oommunioations, oduoation, training matorialsorsottwareupdatesto assistyou in maintaining PCi oompiianoo, hut you romain soioiy responsihie tor remaining compliant Please note that it your POS System or oredit oard terminal is oompiiant,this does not necessarily mean that your husiness is compliant. Please consult with your credit card provider tor intormation on what is required tor your husiness

We do not assume any responsihility tor advising you on these regulatory or legal matters You should consult with your attorney ahout tederal, state, and local laws or regulations that may attect your Oakery.

Your Bakery couldhe adversely attectedhy negative puhlicity related to tood quality, illness, injury or other health concerns on other Bakeries that you do not own or operate

ITEM 2

BUSINESS EXPERIENCE

Russ UmphonourSteven C. DeSutter: Chief Executive Officer and Member? of Board of Oi rectors-

RwssSteve has been our Chief Executive Officer since March 2009 and has served ona, member of our Board of Directors since February 2012Mai£h_2Ql4. Steve Russ has boonalso served as the Chief Executive Officer off or FOCUS Brands since November 2008 and of. Carvel, Schlotzsky's and Moe's and Schlotzsky's since March 2009. Russ was a Director of Auntio Anne's from November 2010 to March 2011, and has been the2014 as well as Chairman and Chief Executive Officer and Chairman of tho Board offoi Auntie Anne's and AAFI since March 20442014. Russ also has beenSteve was the Executive Vice President of FOCUS Brands since November 2008. From July 2005 to November 2008, Russ was a self employed private investor. From June 1973 to July 2005, Russ was the CEO of RTM, Inc., located in Atlanta, Georgia, the largest Arby's franchisee. Russ&usser Holdinas and President and CEO of Stripes LLC in Lubbock. Texas, from June 2008 to March 2014. Steve serves in his present capacities in Atlanta, Georgia.

Katrina (Kat) L. Cole: President

Kat has served as our President since January 2011. Kat was our Chief Operating Officer from November 2010 to January 2011.

Kat was the Vice President of Training and Development for Hooters of America, Inc. in Atlanta. Georgia, from January 2005 to October 2010. Kat serves in her present capacities in Atlanta, Georgia.

Stephen D. Aronson: Member, Board of Directors

Steve has been a member of our Board of Directors since March 2009 and was our Vice President from March 2009 to February 2010. Steve has served on the Board of Managers for Moe's Franchisor LLC since April 2007, on the Board of Managers for Schlotzsky's Franchise LLC since March 2012, on the Board of Directors for Carvel Corporation since February 2012 and on the Board of Directors for Auntie Anne's, Inc. since February 2012. Steve also currently FDD Page 10

Cinnabon Franchise Disclosure Document 0-101.2013*204.01.2014 servesasManaging Director aod GeoeraiCoooseiotRoarkCapitaiGrou^ ioo. aod Roark Capital Maoagoroeot, LLC aadtheirattiliatasioAtlaota, Georgia. Hehasbeeo a Maoagiog Director tor these ooropaoies siooe November 2008 aod the Ceoerai Couosei ot these oompaoiessiooe November 2007

Steve served as Vice RresideototCarveiCorporatioo trom March 2000 to February 2010. Steve served as Vice Rresideotot Moe's Fraochisor LLC trom Aprii 2007 to February 2010 Steve served as Vice Presideot ot Schlotzsky's Fraochise LLC trom March 2000 to February 2010. From February 2008 to November 2007, Steve served as Vice Prosideotot Roark Capital Croup, loc aodRoarkCapitaiMaoagemeot, LLCioAtlaota, Ceorgia Steve serves iohis preseot capacities ioAtiaota, Ceorgia

Steve Romame^o: Member Board ctO^eotors

Steve has beeo oo our Board ot Directors sioce March 2012 aod served as our Chiet Executive Ctticer aod Fresideot trom November 2004 to March 2000 Steve has served asamember ot the Board otMaoagers tor Moe's Fraochisor LLC sioce Aprii 2007, oo the Board otMaoagers torSchlotzsky's Fraoohise LLC sioce March 2012aod asamember otthe Board ot Directors tor Carvel Corporatioo sioce March 2012 Steve also has beeo a Maoagiog Directorat Roark Capital Croup, ioc. aod Roark CapitaiMaoagemeot, LLC sioce November 2008

Steve served as Chiet Executive CtticeraodRresideotot Schlotzsky's Fraochise LLC trom September 2008 toMarch 2000 Steve served asChiet Executive aodRresideototCarvei Corporatioo trom Juoe 2008 to November 2008 Steve served as the Chiet Executive Ctticer aod Rresideotot Moe's Fraochisor LLC trom Aprii 2007 to March 2000 From Cctober 2008 to the preseot, Steve has served asaDirectorotFastsigosioteroatiooai,ioc Steve serves iohis preseot capacities ioAtiaota, Ceorgia.

Loooro LHaos S. Kreotz: Chiet Admioistrativo Cttice^Weoer: ChietFioaocial Ctticer an^^reasurer

L^e^eH^ has beeo our ChietAdmioistrativeFioaociaiCtticerB CAC' ^^^^ Leooreaisohasheeo ouraodTreasurersioceAoril 2014 Fiaos has aiso served as the Chiet FioaocialCtticer^CFC')aodTreasurersioceJaouary 2002t^^CCLiSBraods Carvei Moe's aod Schlotzsky'ssioce Aoril2014as well as theTreasurertorAuotieAooe'ssioceAoril 2014

Looore has served as the ChietAdmioistrativeCtticer aod Chiet Fioaooial CtticerotFCCUS BraodssioceNovember2008 Leoore hasserved asthe CAC,CFCaodTreasurerot Moe's sioce November 2007 aod ot Schlotzsky's sioce November 2008. Leoore also has served as theCACotCarvel sioce November 2008 aod as the CFCaodTreasurerotCarvei sioce Jaouary2008 Leoore has heeo CorporateTreasurer tor AuotieAooe'ssioce November 2011 Leoore serves io her preseot capacities ioAtlaota, Ceorgia. From February 2011 to March 2014 FiaoswastheChietFioaociaiCtticerotCutriooer Eoterorises loc ioFioooluiu Hawaii From Auoust 1008 throuoh Jaouarv 2011 Fiaos served as ChietFioaocialCtticer Executive Vice RresideotaodTreasurerotLaSalieFiotei Properties^ ioBethesdaMarvlaod loadditioo Fiaos served as Secretary otLaSalie Hotel Properties trom Cctober 1000 throuoh Jaouarv 2011 Haos selves io his oreseot capacities ioAtlaota Ceoroia

LaoreoPeroaodez: Corporate Secretarv aod CeoeralCouosei,PCCOS Brands

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C^^b^Fr^^Ôôsure Document 01012013^04 01^ LaureoFoôodozhasser^ our Cou^ Fe^^ 2013 She ^ aô so^d ^ tho Brands Geoor^CouosôiooeNovomhor 2012. Preôus^ Laureoho^theposôoofôe Prosidont Logal tor POOUS Brands from November 2011toOoto^^^ Louron has also booa tbeVioe President, Legal for^^^ Sohlotzsk^Moe's and Oarvolsiaoo November 2011—Lauron also booamoAuntle Anne's sinoe Pebruary 2013 as well as the Oorporate Secretary tor Sohlotzskv's Aun^ Auntie Anne's sinoe Marob 2012 Prom November 2011to February 2013 Lauren was the Vloe President otLeoaltorPoousBrands

Prom October 2010 to November 2011, Lauren served as Global TrademarkOounsel and AssoclateOeneralOounseltorOIBAVISIONOorporation In Ouluth,Georgia Prior tocoining OIBA VISION Lauron was an associate and trom Auoust 2008 until Octoher 2010 she was an attorney at Atlanta based Gardner GrottGreenwald and Villanueva, P.O. trom August 2008 until October2010^Lauren serves in herpresentcapaoities in Atlanta, Georgia

Michael Sbattuc^Pre^dentOo President^otema^ona^ POOOS Brands

Mike has heen our President, International since July 2000 Mike was our Senior Vice President, International trom November 2007 to July 2000 and was our Vice Prosidont, International Operations trom February 2002 to November 2007 Mike has heen the OoPresident International tor POOUS Brands since January 2014 Inthis caoacitv he shares coresoonsibilitv tor our international tranchise orooram Inaddition Mike also shares coresoonsibility torthe international tranchise orooramstorOa^ Moe's Schlotzsky's and McAlister's FromJulv 2000 until Oecemher 2013 Mike was the President lnternational tor POOUS Brands and trom November 2007 to June 2000 he was the Senior Vice President International tor POOUS Brands Mike serves in his present capacities in AtlantaGeoroia

Mike hasbeonMoe's^Oarvel'sandSchlotzsky'sPresident, International since July 2000 and Auntie Anne's President, International since March 2011and was Moe's, Oarvel's and Schlotzsky's Senior Vice President, International trom November 2007 to July 2000. Mike was Vice President, International Operations tor Moe's trom August 2007 to November 2007, and tor Oarvel trom November 2004 to November 2007, and tor Schlotzsky's trom November 2008 to November 2007. Mike serves in his present capacities in Atlanta, Georgia Tonv Pavese^O^President international POOOS Brands

Tonv joined POOUS Brands in January 2014 as the OoPresidentot International Inthis capacitvhe shares coresponsibilitv tor our international tranchise orooram InadditionTonv also shares co resoonsibilitv tor the international tranchise proorams tor Oarvel Auntie A^^^^ Moe's Schlotzsky's and McAlister's

Prior to ioininoPOOUS Brands Tonv was President and Ohiet Ooeratino Ofticer tor Paris Baouette trom January 2013 to Oecemher 2013 in Atlanta Georoia Prom July 2004 to Mav 2012Tonvwasthe OhietOoeratinoOfticertorOunkin'Brands International in Atlanta Georoia Tony serves in his present capacities in Atlanta Georaia

Paul Oamicc: Head of Non Traditional Oevelonment an^Kristen Hartman: Vice President Moe s Pranchisor^OMarketing

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Cionaboo Franchise Oisciosure Oocoment^oi^^0401 201^ PaWKristen has been theVice President of Mee^sMarketing since April 2008. In addition to his role as Moe's President, Paul is responsible for oversight of franchiso solos within non traditional venues such as airports, travel plazas, train stations, universities, casinos, health mm Rftttingr, nnd offirso r.nmplexes for the FQCUS Brands portfolio.Auqust 201Z

From July 2005 to February 2008, Paul was tho Chiof Operating Officer of SSP America, located in Lansdowne, Virginia. Paul serves in his present capacities in Atlanta, Georgia-

Prior to joining us1 Kristen served as Vice President of Marketing for Buroer Kino Corporation in Columbus. Ohio, from November 2010 to January 2012 and Senior Director of Marketing for Buroer King Corporation from February 2001 to November 2010. Kristen serves her present capacities in Atlanta. Georgia.

Ben Smith: Vice President, Operations

Ben Smith has been our Vice President of Operations since June. 2013.

Prior to joining us. he was Regional Director for Fantastic Sams Hair Salons in Atlanta. Georgia. from January. 2007 through January. 2013. Ben serves in his present capacities in Atlanta. GA.

Dan Pawlak: Vice President Non-Traditional Development

Dan has been our Vice President, Non-Traditional Development since January 2000. From March 2007 to January 2000, Dan was our Director of Non-Traditional Development.

Additionally. Dan also has served as the Vice President, Non-Traditional Development for Carvel since January 2009. From March 2007 to January 2000, Dan also was the Director of Non-Traditional Development for Carvel and Schlotzsky's and for Moe's from August 2007 to January 2000. From August 2002 to January 2007, Dan was tho President of Midwestbons, Inc., a Cinnabon franohisoo. Dan serves in his present capacities in Atlanta, Georgia.

Pom Porta nova: Vico Prosidei Bom has been our Vioo President, Real Estate sinco January 2012 and has corved as Auntie Vico President, Real Estate sinoo January 2012. Bom provides real estate support to us in identifying prospective locations for Bakeries. Prior to joining us and Auntio Anne's, Bom was Prosidont of Bom Portanova and Associates in Mechaniosburg, Pennsylvania. Bom servos in his present capacities in Lancaster, Pennsylvania. Andy Kmiec: Director Leasing - East

Andy has been our Birector of Leasing - East since January 2012 and has served as Biroctor of Leasing East. Andy has also been the Associate Vice President - Real Estate for Auntie Anne's since January 2012. Andy joined the Auntie Anne's Real Estate team in 2007 and served asJune 2013. From November 2010 until Mav 2013. he was Birector of Leasing for Auntie Anne's from January 2010 to Docombor 2012and from March 2007 until October 2010. he was Auntie Anne's Southeast Leasing Representative. Andy serves in his present capacities in Lancaster, Pennsylvania.

Okev Reese: Director, Leasing - West

Okey has been our Oirector of Leasing - West since January 2012 and has served as Birector, Leasing - West for Auntie Anne's since January 2012. Okey was a Senior Leasing Representative for Auntie Anne's from July 2010 to Oecember 2012. Prior to joining Auntie FDD Page 13

Cinnabon Franchise Disclosure Document 0.1012013*204 01.2014 Anne's. Okey was a Leasing Manager for CBL & Associates in Thornton. Colorado, from February 2003 to July 2010. Okey serves in his present capacities in 8#A06Fort Collins. Montana.

Debbie Rowley: Vice President, New Market Operations

Debbie has been our Vice President, New Market Operations since January 2012. Prior to this foteFrom November 2006 to January 2012, Debbie served as our Vice President, Cinnabon Operations from November 2006 to January 2012. Debbie was our Vice Prosidont, Cinnabon Veteran Operations from December 2005 to November 2006. Debbie serves in her present capacity in Seattle, Washington.

Mark Hong, Director Franchise Development

Mark has been our Director, Franchise Development since July 2012.

RfiefFrom August 2011 to his rolo at CinnabonMav 2012. Mark served as Director of Franchise Development for IHP, Inc. in Buena Park, California and from August 2011 to May 2012. From June 2009 to August 2011, Markhg served as Senior Acquisitions & Franchise Developer for H&R Block in Kansas City. Missouri. From April 2004 to September 2007Mav 2000. Mark served as Franchise Developer for Kahala Corp. in Scottsdale. Arizona. Mark serves in his present capacities in Los Angeles, California.

Paul Craythorne. Senior Manager, Training Department

Paul has been our TfammgSenior Manager. Training since December 2012Januarv 2014.

Prior to thisFrom December 2012 to December 2013. Paul served as our Training Manager. From August 2011 to November 2012. Paul served as our Training Specialist from August 2011 to Dooombor 2012. From September 2010 to July 2011 Paul served as General Manager for Chepe's Mexican Grill in Cummino. Georgia. From January 2000 to SootomborAuoust 2010 Paul served as the Manager of MIT Training and Development for Ted's Montana Grill. From January 2008 to January 2009 Paul sorvod as Field Training Coordinator for Tod's Montana GfiW in Atlanta. Paul serves in his present capacities in Atlanta, Georgia.

Tim Goodman: Vice President, Franchise Administration

Tim has been our Vice President, Franchise Administration since February 2005.

Tim also has served as the Vice President, Franchise Administration for Moe's since August 2007, for Schlotzsky's since November 2006, and-for Carvel since February 2005 and for McAlister's since October 2013. Tim serves in his present capacities in Atlanta, Georgia.

Richard Kamph: Vico Prosiden^Barry Moullet: Chief Supply Chain Officer^ FOCUS Brands

Rich has been our Vice President, Supply Chain since the Acquisition. RicbBarry has been Vice President.the Chief Supply Chain for Moe's since August 2007 and for Carvol since April 2002. Rich serves in his present capacitios in Atlanta, Georgia.QfflceLioc FOCUS Brands since November 2013. He has also served as the Chief Supply Chain Officer for Carvel. Auntie Anne's. Moe's. McAlister's and Schlotzsky's since November 2013. FDD Page 14

Cinnabon Franchise Disclosure Document 01012013*204 01 2014 From Mav 2012 to November 2013. Barrv was President of Supply Chain Manaaement Inc. in New Smvrna Beach. Florida. From July 1996 to Mav 2012. Barrv was Chief SUPPIV Chain Officer for Darden Restaurants Inc. in Orlando. Florida. Barrv serves in his present capacities in Atlanta, Georgia.

ITEM 3

LITIGATION

Other than the action described below, no litigation is required to be disclosed in this Item.

Concluded Matters Against Persons Identified in Item 2 ofthis Disclosure Document:

The following case is included because it named Steve Romaniello, a member of our Board of Directors:

Best Franchising, Inc. and Hawthorn Suites Franchising, Inc. ("Franchisors") v. Terry P. Wvnia, Jean K. Wvnia, et al. ("Wvnia") v. Best Franchising, Inc., Hawthorn Suites Franchising, Inc., U.S. Franchise Systems, Inc.. Microtei Inns and Suites Franchising, Inc.. Mike Leven, Steve Romaniello and Mike Muir, U.S. District Court, Eastern District of Washington; (Civil Action File No. CS-02-0175-EFS), originally filed on February 16, 2001. Franchisors made claims against Wynia, most of whom were former franchisees of Franchisors, alleging monies due under the franchise agreements between them, which claims totaled in excess of $10 million dollars. Wynia asserted counterclaims alleging that Franchisors breached various terms of their franchise agreements, committed fraud with respect to their franchise agreements, violated the Franchise Investment Protection Act and Consumer Protection Act of the State of Washington, and breached a letter agreement with Wynia, which counterclaims totaled in excess of $30 million dollars. On January 4, 2002, Wynia filed a complaint against the Franchisors, U.S. Franchise Systems, Inc., Mike Leven, Steve Romaniello and Mike Muir (CS-011-FVS; U.S. District Court, Eastern District of Washington), seeking rescission of a number of franchise agreements between the parties, restitution, damages and penalties for violations of the Franchise Investment Protection Act and Consumer Protection Act in the State of Washington and for material breaches by some of the defendants of other agreements. As a result of Court Orders in February and March 2004, several of Wynia's claims were dismissed including the claim of a violation of the Consumer Protection Act. As a result of those rulings, Wynia's claim was limited to a claim that Franchisors breached the parties written license agreements by not delivering a hotel system as defined in the written franchise agreements and for selected violations of the Franchise Investment Protection Act. On or about August 3, 2004, Wynia entered into a settlement and release agreement with Steve Romaniello and the other individuals for the purpose of voluntarily dismissing with prejudice all claims Wynia had against these individuals. No monies were paid for these dismissals and none of the parties admitted any liability or fault. This case was eventually fully settled and dismissed when Wynia and the corporate defendants reached an agreement by which the parties dismissed all claims between them and the corporate defendants agreed collectively to pay $3,900,000 to Wynia. None of the parties admitted any liability or fault to one another.

FDD Page 15

Cinnabon Franchise Disclosure Document 0-1012013*204 01 2014 BANKRUPTCY

CnMarch^200^Can^J Pawlak and his w^^edavo^nta^ theO.S Bankru^cyCode Mr andMrs Pawlak's dehts were discharged on June^2007 (O S Bankruptcy Court, Northern Vice President, Non-Traditional Cevelopment

Oue to the recent tinanciai crisis in the Onited States mortgage markets, numerous mort^ companies tiled tor bankruptcy. Cn Novembers, 2008, our aftiiiate, Ace Holding Company, LLC and its subsidiaries, Ace Mortgage Funding, LLC, Ace Imaging, LLC and Archer Land Title, LLC (collectively, t^ÂceCompanies"), eachtiled separatepetitions tor liquidation under ChapterôttheOS Bankruptcy Code in the Onited States Bankruptcy Court tor the Oistrict ot Oelaware. În re Ace Mortgage Funding, LLC, O.SB Bankruptcy Court tor tho Oistrict ot Oelaware^Case No0812048CSS)^ln re Ace Floldino Company, LLC.OS Bankruptcy Court tor tho Oistrict ot Oelawaro (Case No 0812842 CSS), ^ln re Ace Imaging, LLC, O S Bankruptcy CourttortheOistrictotOelaware,^Case No 0812844 CSSân^ln re Archer Land Title, LLC, O S Bankruptcy Court tor the Oistrict otOelaware, (Case No 0812848 CSS) Those cases are pending The Ace Companies oe^t^hayenot engaged in business with us or our System nor did thetfanchise system, nor have thev ottered franchises The Ace Companies conduct anv part ot thoir businoss activitios in tho fiold of tranchisinoare our affiliates solely asaresuit of common ownership

Asa resultof thecontinued precipitous downturn intheresidential housing market in New England and the deepening economic crisis within the O.S.economy,on March 8,2008,o^r aftiiiate Wood Structures, Inc and its subsidiary, Wood Assonet Corporation (collectively, 'Wood Structures"),each filed separate petitions for bankruptcy protection under Chapterôf theOS Bankruptcy Code^ê Wood Structures, Inc OSin the Onited States Bankruptcy Court for the Oistrict of Maine^ InreWoodStructuresÎnc (Case No 00 20248) and În re WoodAssonetCorporation,O S Oistrict Court for tho Oistrict otMaine^Case No 00 20248) Cn Aprils,2000.pursuant to an order of the Bankruptcy Court,the Chapter^proceeding was converted toaChaoter^liouidation case The case was closed on January 28 2014 with the liguidation otWood Structures manufactured trusses and distributed wood produotsforthe residential housinomarket in New Enoland Prior to liouidation,Wood Structures neitherbad not engaged in business with us or our Systemfranchise system nor d^h^d It offered franchises Wood Structures conduct any part oftheir business activities in the tield of franchisinowas our affiliate solely asaresuit of common ownership

Cther than these actions, no bankruptcy information is reguired to be disclosed in this Item

FOOPage18

O^nahooFraooh^OisoiosureOooum^^ ITEM 5

INITIAL FEES Initial Franchise Fee

When you sign a Franchise Agreement for a Full Bakery, you pay an Initial Franchise Fee of $30,000. When you sign a Franchise Agreement and Express Addendum for an Express Bakery, you pay an Initial Franchise Fee of $7,500. If you sign a Franchise Agreement and you do not have a location for your Bakery that is accepted by us ("Accepted Location"), your Franchise Agreement will identify a trade area that we negotiate with you in which you must locate an Accepted Location. We will not refund any part of the Initial Franchise Fee. During calendar year 2012, tho Initial Franchise Foo ranged from $0 to $30,000.

We reserve the right to offer to waive the Initial Franchise Fee, or reduce it, under certain circumstances. In addition, we may allow a new franchisee to apply part of their Initial Franchise Fee to the cost of needed improvements or equipment. We may also abate part or all of the Initial Franchise Fee as an economic incentive for a franchisee to open a certain location, with the determination made on a case-by-case review of all the relevant economic factors. We will make the decision on the amount of any waiver or reduction based on the condition of the premises and any special incentives that we may consider appropriate. We also may offer to waive or reduce the Initial Franchise Fee, for the following reasons, including: (i) as an inducement for existing operators to open additional Bakeries, (ii) as an inducement for someone to reopen a closed Bakery; (iii) as an inducement for someone to take over an operating franchised Bakery; (iv) as an inducement for a professional multi-unit operator to open several Bakeries; or (v) to allow a franchisee to have additional money to spend on Bakery improvements and marketing during the first 12 months of operation. The amount of any waiver or reduction will be made on an individual basis and may depend on the condition of the premises, the need for upgrades and remodeling, the need for special incentives and/or other considerations. Purina calendar vear 2013. the Initial Franchise Fee ranged from $0 to $30.000.

In certain rare circumstances, we mav permit installment payments of the Initial Franchise Fee on terms negotiated with the franchisee.

We will not refund anv part of the Initial Franchise Fee paid under the Franchise Agreement.

Territory Fees and Franchise Fees For Bakeries under the Territory Agreement

Upon signing the Territory Agreement, you must pay us a territory fee ("Territory Fee"). The Territory Fee will be an amount that we negotiate with you based on your business experience, your financial ability to develop Bakeries, the size of the Pesignated Area, the market demand for developing in the Pesignated Area, your experience with the System or restaurants similar to the Bakeries, the number of Bakeries you commit to developing, the timeframe you propose for developing Bakeries, and any other factors we consider to support your ability to develop Bakeries. For calendar year 2O422012, we entered into 21 Territory AgreementsAqreemenl and the Territory Fnnr, rnnnad frnm $20 000 to $24 OOOFee was $85.000. The Territory Fee is earned and non-refundable regardless of whether you enter into Franchise Agreements for the Bakeries required to be opened under the Territory Agreement. For each of the Bakeries opened under the Territory Agreement, you must pay us an Initial Franchise Fee for the Bakery which will be due at the time you sign the Franchise Agreement for that Bakery. The amount of the Initial Franchise Fee for each Bakery to be opened under the Territory Agreement will be set out in the Territory Agreement.

FDD Page 17

Cinnabon Franchise Disclosure Document oi.oi.aoi3va04.Q1.2014 Before enôgôtheT^ proposed geogrepôereasfhefwôom^ Wew^fheo determine end speoifythe required number of Bakeries thet you must open under theT^^ The Oevelopment Soheduie wiii oontein the required number of Bakeries and the time fr^^ whioh eaoh Bakery must be opened We wiii specify the Oevelopment Soheduie before you signtheTerritoryAgreement The factors that influence the minimumnumberot required Bakeries include projected market demand,the size of the Designated Area,economic and demographicfactors in the Designated Area, your tinanciai and other capabilities, and the duration of theTerritory Agreement

Ca^vet^ Express Sho^e It you executeafranchise agreement with Carvei to operateaCarvel Express Shoppe in your Bakery, you will pay Carvolanon rofundablo initiai Eranohise Eee of $7,500 whon you sign your franchiseagreement with Carvei—Youdo notpayCarvelany other feosor payments for sorvices or goods before your Carvoi Express Shoppo opens

Ifyou sign a territory agreement with Carvel to deveiop Carvei ExpressShoppesin your Bakeries, tor each otthe Carvel Express Shoppes opened under the territory agreement, you must pay Carvel an Initial Eranchise Eee forthe Carvel Express Shoppo which will be due atthe time you sign the franchise agreement with Carvel

Satellite Retailor Program

If you qualify to openaSPU,you will be required to lease the cart or kiosk from Auntie Anne's underthe terms ofthe Satellite Retail OnitAddendum Before Auntie Anne's will ship the kiosk or cart to you,you will he required to pay the tollowingî)a$500 nonrefundable setup feeîi) a$750 training fee to help defray the costs associated with your training in the proper operation of the SRU; (iii) shipping oosts to deliver the SRO to your location and to ship it backîv)a security deposit in the amount of $1,000; and (iv) two months advance rent atthe maximum rent for the unit The security deposit less any costs or expense related to the repair or delivery of the SRO will be refunded upon the return ofthe SRO to Auntie Anne's Should the expense to repair the SRU exceed the security deposit, Auntie Anne's may require you to pay the difference If you cancel the SRU within the first 12 months, you will be responsible for rental payments to Auntie Anne's through the 12 month period SRU monthly rental payments depend on the type of SRU utilized in your operation and range from $150 to $2^003^22 per month

PCS System

ôr 29432^^^^ SystemwhichisonMICPCSe7 platform Pull Bakeries will be required to use this designated PCS System; Express locations may use another, approved PCS System upon request to us and on our approval The authorized selling agent for MICPCS is PCS Solutions Croup,a division of Auntie Anne's,lnc WeestimatethatyourcosttopurchaseadesignatedPCS System currently ranges from $8,100 for one registerto $5,200 fortwo registers (the ^ estimate includes software support andmaintenance and hardware maintenance for the first vearûhseouentsuooort is vour response under "Polling Service Pecurrino Pee" not to exceed $100 per month as descrihed in ItemO PCS Solutions Crouo reguires payment at time of order bv either credit card or electronic funds transferÊPT^

^ ^ ^

FOOPage18 ^^^^^^D^^^D^m^^o^o^^^ Except as noted above, you do not pay any other fees or payments directly to us for services or goods before your Bakery opens.

FDD Page 19

Cinnabon Franchise Disclosure Document M.01.2013^ ITEM 6

OTHER FEES

Type of Fee1 Amount Date Due Remarks Royalty For Full Bakeries, 6.0% For Full Bakeries, "Net Sales" means all revenues generated by your of Net Sales; For payable by our account Bakery conducted on, from or with respect to the Express Bakeries, the period on Net Sales for Bakery, whether the sales are evidenced by cash, then-current price per the prior period; for check, credit, charge, account, barter or exchange. Net case of freezer to oven Express Bakeries, on Sales includes monies, gift card redemptions, or credit {"FTO") rolls orother receipt of our invoice or received from the sale of food, beverages, and approved proprietary our designated merchandise, from tangible property of every kind and Cinnabon products you supplier's invoice for the nature, promotional or otherwise, and for services purchase from us or our FTO rolls performed from or at the Bakery, including off-premises designated supplier services such as catering and delivery, or on premises activities such as games (e.g., slot machines), third •artv advertising (e.g., on menus), or other activities that use either the Cinnabon brand, the System, Marks, or products that are the same as or similar to the Products. Net Sales do not include the initial sales or reloading of gift cards, coupon discounts, the sale of food or merchandise for which refunds have been made in good faith to customers, the discounted portion of employee meals, the sale of equipment used in the operation of the Bakery, nor will it include sales, meals, use or excise tax imposed by a governmental authority directly on sales and collected from customers; provided that the amount for the tax is added to the selling price or absorbed therein, and is actually paid by you to a governmental authority.

If you operate a Carvol Express Shoppe in your Full Bakery, sales made from tho Carvel Express Shoppe will be included in your Net Sales for the Full Bakery and you must pay a Royalty on these sales (in addition to any royalty or othor payments you make to Carvel under your franchise agreements with Carvel). Advertising For Full Bakeries, Same as Royalty You must make Advertising ContributionsCQntribution Contribution currently, 1.5% of Net to the Ad Fund. See Item 11. Sales but we may adjust this amount up to 3% of Net Sales1 {this fee does not apply to Express Bakeries) Promotions Costs to purchase, As incurred You will participate at your own cost in promotional lease and install all programs that we establish, and the promotional materials necessary for programs will be applicable to the System as a whole or promotional campaigns, to specific advertising market areas. including counter cards, posters, banners, signs, photographs, give-away items and gift cards. We may charge you our costs plus a reasonable administrative fee. Polling Service NfttEstimated not to On invoice This fee is billed monthly by POS Solutions Group. Recurring Fee exceed $100 per month

FDD Page 20

Cinnabon Franchise Disclosure Document 0ii.Qi.gQi3va04.01.2014 TypeofFee1 Amount O^teOue Rem^s C^Card Egoipment costs and As incurred; payable to Wedo^co^^y^qo^^youuseaspeô Fees set op fees estimated to us orthird party vendor c^^card procesôg company butmay reqo^^ be op to $^00 per youdoso^tbefutura Weaômayrequ^tbatyou terminal Transaction purchase certain credit card process^ equipment and fees estimated to be thatycu accept certain payment methods (eg,certain from25%to50%of credit cards) We do not makeaprofit from any fees transaction amoonts we coiiect for credit card processing but we may charge Gtber fees may appiy for ouradministrative cost forthis activity dependingonthe vendor osed for credit card processing Gift Card aod Equipment costs and As incurred; payable to You must remit to FBRI, our affiliate that processes gift LoyaltyCard set op fees estimated to usorathirdparty card transactions,orto FBR^sdesignated thirdparty Fees be op to $500 if not vendor processor,the proceeds from your saies of gift cards abieto be tied intoa Whenagiftcardis redeemed,FBRi or FBRi's credit card terminal designated thirdparty processorwiii pay to the purchased from Credit redeeming franchisee the amount ofthe purchase We, Card provider or tied or FBRI, may charge an administrative cost forthis into the FGS System activity Note that loyalty cards are not currentiy offered, butwill become mandatory ifoffered in the future EFTNSFFee Gur outofpooket costs Gn invoice If we draft money from your account under our and an administrative electronic funds transfer ÊFT) or draft system, and fee thereare insufficient funds ^NSF) to coverthe draft, we will charge you the return costs charged by our bank and an administrative fee to cover our costs of addressing the nonpayment This fee is in addition to interest on the amount due Repiaoemeot Op to $500 per trainee Before attendance at You pay this fee only ifyou hire additional managers Manager loâi training afteryour Bakery opens Training Fee

GnDSite $50 per hour plus Gn invoice You can request on site training and assistance at any Trainingand trainers expenses (this time We have no obligation to provide on site training Assistance fee does not appiy to or assistance Express Bakehes) ConsoitingFee $500 per day (this fee Gn invoice We may offeryou consultation services beyond the field does not appiy to supportservices underthe FranchiseAgreement, and if Express Bakeries) you acceptthem,we can charge youaconsulting fee Training Gur outofpocket costs Gn invoice If you fail to cancel scheduled training at least 14 days Canceilation priortosuchtraining, we may charge you all actual Fee costs incurred by the trainers in traveling to your Bakery,such as the cost oftravel,accommodations, meals, and employee wages and benefits Inaddition, we may charge you the OnSiteTraining and Assistance Feeforthose days ourtrainers were scheduled to be at your Bakery Adoiteration^ Gur expenses, Gn invoice Ifwe inspectyour Bakery and findaviolation, and we Oiiotionor inciuding attorneys^ find the same violation at another inspection within one Faiioreof fees, and inspection year, then you must pay the inspection fee and our Sanitation fees of up to $5,000 per expenses of comecting the violation, like travel inspection Fee visit expenses, cost ofproduct sample analysis, andany attorneys^ fees interest 1% per month or Gn invoice You must pay us or our affiliates interest on any maximum iegai interest amounts past due to us or our affiliates rate

FOOPage^

Cinnabon Fr^^hi^e Oisclosure Oocument^ oi 20i^04 012014 Type of Fee1 Amount Date Due Remarks Taxes Our cost On invoice You must pay us all taxes (except our income taxes) we pay for products or services we furnish to you, or on our collection of the Initial Franchise Fee, RoyaltiesBovalty, and Advertising ContributionsContribution from you. Advances Our cost On invoice You must pay us all amounts we advance to third parties for you, ifany. Relocation Another initial fee of Before we sign If you relocate to a new site and extend the term based Extension Fee $1,000 per year of relocation Franchise on your new lease, you must pay to extend the term. extension on term (this Agreement fee does not apply to Express Bakeries)

SRU Fees $500 initial fee Due and payable upon You agree to participate in the SRU program for a invoice from Auntie minimum of 12 months and to utilize our Polling and Anne's, except: POS System. If you cancel the SRU within the first $750 training fee twelve months, you will be responsible for rental payments through the 12 month period. SRU monthly Monthly rental Fees are Monthly rental fee of rental payments usually range from $150 to $2,500 per payable on or before month. 8% of Net Sales up to the 1st day ofthe month the maximum monthly on the Net Sales from rent for the unit the SRU operation for (currently $1,571.15 per the prior month. five week month and $2,423.10 for a baking SRU) You may seek approval to participate in the SRU Program after you $1,000 refundable have signed the security deposit Franchise Agreement and/or opened your Actual shipping costs to Bakery. If so, these and from your Bakery fees connected to the estimated to be SRU may be payable between $1,500 and after you sign the $5,000 Franchise Agreement and/or open your Bakery. Actual cost for optional modular add-ons, if any Transfer Fee 50% of the then-current At transfer closing Fee compensates us for our expenses and work. See Initial Franchise Fee for Item 17k for a definition of transfer. the type of Bakery you will operate; if it is a transfer to a related party, 10% of the then- current InitialFfranchise Initial franchise Fee for the type of Bakery you will operate

$2,500 for transfers under the Territory Agreement

FDD Page 22 Cinnabon Franchise Disclosure Document (M.oi.aoi3v3P4.01.2014 I Type of Fee1 Amount Date Due Remarks

Renewal Fee 10% of the then-current Before we sign renewal initial franchise fee for Franchise Agreement the type of Bakery you will operate

Liquidated The average monthly Within 30 days of You must pay this fee only if the termination occurs Damages fFull amount of Royalty that termination of your after the opening date of your Bakery and you are not Bakery) you owed us during the Franchise Agreement insolvent at the time of termination. past 36 months times the lesser of remainder of the term of the Franchise Agreement or 36 months. If less than 36 months have passed since opening and termination, the amount will be the average monthly Royalty during the time between opening and termination, times the lesser of remainder of the term of the Franchise Agreement or 36 months.

Liquidated The average amount Damages you paid per month to (Express purchase Proprietary Bakery) Products and Supplemental Products during the past 36 months times the lesser of remainder ofthe term ofthe Franchise Agreement or 36 months. If less than 36 months have passed since ooenino and termination, the amount willbe the average amount you paid per month to purchase Proprietary Products and Supplemental Products during the time between opening and termination, times the lesser of remainder of the term of the FranchiseAgreement or 36 months. Appraiser's 50% of appraiser's fee On invoice You must pay this fee only if we elect to purchase your Fee (this fee does not apply assets on termination or expiration of the Franchise to Express Bakeries) Agreement and we cannot agree with you on the purchase price.

Indemnification Our cost On invoice You indemnify us from certain losses and expenses of us under the Franchise Agreement.

FDD Page 23 i Cinnabon Franchise Disclosure Document o-i 01 2oi3v204.01.2014 Type of Fee1 Amount Date Due Remarks Attorneys' Our cost On invoice If we become a party to a proceeding concerning an Fees agreement between us and you, and we win, or if we become a party to litigation or insolvency proceedings regarding yourfranchise, then you must pay our reasonable attorneys' fees and court costs. If we terminate the Franchise Agreement for your default, you must pay us all our expenses from your default or termination, including reasonable attorneys' and experts' fees. Supplier/ Cost of supplier/product On invoice Ifyou recommend new suppliers, products and/or Product evaluation process services to us, you must pay us our reasonable Evaluation Fee expenses in evaluating, testing, and inspecting the supplier. We estimate that the typical supplier/product evaluation process cost would be approximately $2,500. Reinstatement 10% of the amount of Before reinstatement If we terminate your Franchise Agreement due to your Fee the then-current Initial default, you cure the default and want to be reinstated, Franchise Fee for the and we agree to reinstate your Franchise Agreement, type of Bakery you will you must pay us a reinstatement fee. operate Audit Cost of audit On invoice Ifwe audit you and find that you understated Net Sales by 2% or more, you must reimburse us all reasonable expenses connected to the audit, review or examination (including any reasonable accounting and attorneys' fees). Late Fee for $100 per day On invoice You must pay this late fee if you fail to submit timely, reports, complete and accurate reports, financial statements financial and tax returns when due. statements or tax returns

Unless otherwise stated, we directly impose all the fees in this table, you pay them tp us, and we do not refund them. We endeavor to impose these fees uniformly, but reserve the right to make variances in special circumstances. We collect all fees due to us under the Franchise Agreement through EFT. All fees in this table apply to the Franchise Agreement. The fees related to Taxes, Transfer, Indemnification and Attorney's Fees also apply to the Territory Agreement.

FDD Page 24

Cinnabon Franchise Disclosure Document 0'i.oi.2oi3vaP4.01.2Q14 ITEM 7

ESTIMATED INITIAL INVESTMENT

YOUR ESTIMATED INITIAL INVESTMENT: FULL BAKERY

Amount of Expenditure Method When To Whom Type of of Payments Are Payment Will High Expenditure Low Payment Due Be Made At signing of Initial Franchise $30,000 $30,000 Lump sum Franchise Us Fee Agreement Lump 1 See note 1 As arranged Lessors Real Estate See note 1 Sum As Leasehold $31,532Z5jm $225,000 As arranged Contractors Improvements a incurred Equipment, $40,90440 00 As Fixtures, Furniture, $46,00025,000 Before opening Vendors Menu Boards, S incurred Graphics2 As Smallwares $2 ^©^5Qfi $4,200 Before opening Vendors T incurred

Storefront Signage $&M02.000 $z12m5jm Lump sum Before opening Vendors Point-of-Sale $3,100 $6,200 Lump sum Before opening Vendors Drink Dispenser $54402*500 SMGGzmo Lump sum Before opening Vendors Architects and Architect and As S&4487.500 $14.50010.000 Before opening Government Business incurred Licenses3 agencies Subtotal: Capital $125,983153. $33^20035*10 Investment 700 00 Airlines, hotels As Initial Training4 $3,500 $5,000 Before opening and incurred restaurants As 5 $6,000 Before opening Vendors Opening Supplies $3,500 incurred Lump Insurance 6 $3,000 Before opening Insurance $1,000 Sum companies Per lease or Utility As Utility Deposits7 $350 $500 utility company's companies; incurred requirements lessors Additional Funds As Employees, 8 $5,000 $10,000 As incurred (3 months) incurred vendors, etc. Grand Opening As 9 $3,000 $3,000 As incurred Vendors Advertising incurred Subtotal: Opening : $16,350 $27,500 Expanses (excluding real estate) Total: Initial $142,333180 $365,700M5J ... . - > • /'MQ Q5Q ,-: 00 - Investment'

FDD Page 25

Cinnabon Franchise Disclosure Document 01 zoiavzCM.01.2014 YOUR ESTIMATED INITIAL INVESTMENT: FULL BAKERY WITH A CARVEL EXPRESS SHOPPE Method When To Whom Type of Amount of E; W- Payments Aro Payment Will Higti Payment Due Bo Mado Initial Franchiso As- $30,000 $37,500 Before opening Us Pee incurred

4 Lump Real Estate See note 1 See note 1 Before opening Lessors 6wm Leasehold A&- $90,000 $225,000 Before opening Contractors Improvements incurred Lump Architect* $5,000 Before opening Architect $MG0 sum Permits & A&- Governmental 3 $2,000 $6,000 Before opening Licenses incurred Agencies Lump $4400 $5,000 Before opening Vendors Graphics sum Equipment, Millwork, Furniture, A&- $75,000 $80,000 Before opening Vendors Fixtures and Point incurred of Salo Syctom Molds and Lump Smallwares $3,000 $&OW Before opening Vendors Gum Package Subtotal: Capital $209,000 $367,000 Investment Ouf- designated 4 As- Opening Inventory $4,000 Before opening suppliers incurred and/or distributors Airlines, hotels A6- Training Expenses $0 $1,000 Before opening and- incurred restaurants

A&- wmy- Securil $0 Before opening incurred companies; lessors Per lease or Business Insurance 6 $0 Lump sum utility company's Insurance companies requirements Additional Funds (3 As- Employees, $0 $37,500 months) incurred vendors, oto. Grand Opening As- $15,000 As incurred Vendors Advertising^ two incurred Subtotal: Opening &kOGO $60,500 excluding real estate Total Initial 8 $210,000 $427,500 Investmont

FDD Page 26

Cinnabon Franchise Disclosure Document o-i.oi.aoi3va04.01.2014 YOUR ESTIMATED INITIAL INVESTMENT: EXPRESS BAKERY

These figures do not include the cost of (i) any Host Facility that you may operate in the same space or (ii) any other surrounding facility. These figures also do not include the costs of leasehold improvements, utilities and other requirements to prepare a space for any Express Bakery installation.

When To Whom Amount of Expenditure Method of Typeof Payments Are Payment Will Expenditure Payment Expenditure Low High Due Be Made Initial Franchise $7,500 $7,500 Lump Sum Before opening Us Fee Real Estate1 See note 1 See note 1 Lump sum Before opening Lessors

Leasehold As $7^007,500 $15,35015 000 Before opening Contractors Improvements incurred Equipment, Fixtures, Furniture, As $14,60013 5 $40,000 Before opening Vendors Menu Boards, 22 incurred Graphics2 As $4^0? 000 Before opening Vendors Smallwares $6261 200 incurred

Storefront Signage 534)002.000 $^4005,000 Lump sum Before opening Vendors

Point-of-Sale $0 $6,200 Lump Sum Before opening Vendors Subtotal: Capital $33^36312 577^2075.700 Investment 00 Airlines, Initial Training4 $0 $3,000 As incurred Before opening hotels and restaurants

Opening Supplies5 $2,000 $5,000 As incurred Before opening Vendors Insurance 6 Before opening Insurance $0 $2,000 Lump Sum companies Per lease or Utility Utility Deposits7 $0 $350 As incurred utility company's companies; requirements lessors Additional Funds (3 Employees, $0 $3,000 As incurred As incurred months)8 vendors, etc. Grand Opening $1,000 $3,000 As incurred As incurred Vendors Advertising9 Subtotak-Qpening $3,000 $16,350 - Expe'hsVs excluding real estate Total Iriitial . $36,42834 7 $94742092450 Investment10,11 00

FDD Page 27

Cinnabon Franchise Disclosure nnmment m 2013*204 01 2014 YOUR ESTIMATED INITIAL INVESTMENT: EXPRESS BAKERY IN A NEW SCHLOTZSKY'S RESTAURANT

These figures (i) do not include the cost of the Schlotzsky's Restaurant that will be the Host Facility and (ii) only apply if the Express Bakery is being constructed simultaneously with the Schlotzsky's Restaurant.

When To Whom Type of Amount of Expenditure Method of Payments Are Payment Will Expenditure Payment Low High Due Be Made Initial Franchise $7,500 $7,500 Lump Sum Fee Before opening Us Real Estate1 See note 1 See note 1 Lump sum Before opening Lessors Leasehold As $3,000 $3,000 ' Before opening Contractors Improvements incurred Equipment, Fixtures, Furniture, As $10,948 $10,948 Before opening Vendors Menu Boards, incurred Graphics2 . As Smallwares $516 $516 Before opening Vendors incurred Storefront Signage $2,000 $6,000 Lump sum Before opening Vendors

Point-of-Sale $0 $0 Lump Sum Before opening Vendors Subtotal: Capital $23,964 $27,964 Investment Airlines, hotels, Initial Training4 $0 $03 000 As incurred Before opening and restaurants Opening Supplies5 $600 $2,500 As incurred Before opening Vendors

6 Insurance Insurance $0 $20 Lump Sum Before opening companies Per lease or Utility Utility Deposits7 $0 $0 As incurred utility company's companies; requirements lessors Additional Funds (3 Employees, 8 $0 $1,500 As incurred As incurred months) vendors, etc. Grand Opening 9 $0 $0 Advertising As incurred As incurred Vendors Subtotal: Opening $600 $40207*220 Expenses excluding real estate Total Initial $341*8434 90 10 1112 $24,564 Investment ' A

Except for security deposits, all of the above expenditures are non-refundable.

FDD Page 28

Cinnabon Franchise Disclosure Document oi.oi.2oi3v2( Exo^natorvNo^

The above ch^s are e^ma^sofa^ Theoha^s should he read in oon^unotion with the toliowing notes Your aotual investment and expenditures may vary oonsiderahiy trom the estimates shown, depending onmanytaotors including geographioai area, saies venue, the amount otspaoe you iease and the oapahiiitiesot your particular management and servioe team

1 wecannot estimate your initial investment tor real estate improvements ^e expectthat the most attractive locations tor Full Oakeries will he in enclosed retails and travel plazas Several tactors will hear on the amount otyour investment It you do not already have adequate space, you will have to lease the premises tor the Bakery The typical location toraFull Bakery is inahightrattic or retail mall area Full Bakeries t^^^ sizetrom65Cto^CC square teet and have ahout 12seatsand3to6tahles it possible Express Bakeries typically range in size trom 6C to 350 square teet and will either beanontradi^ unit or will most likely be developed asacobrand within the space otFlost Facility Express Bakery seating will vary depending on space availability No counterseating is designed intoa typical Express Bakery It you aredeveloping an Express Bakery, a remotestorageand produotion tacilityot about to square teet may be required depending on the size ot your bakery The cost ot commercial space varies considerably depending on the looation and conditions attecting the local market tor commercial property Security deposits shouldnot exceed an average ot^months'rent on the property Oosts ot leasehold improvements, which include tloor covering, wall treatment,ceilings,counters,electrical, plumbing, carpentry and related work and contractors'tees and permits, will vary depending on the location and size ot the premises and any construction allowances granted by the landlord atter negotiations You generally must provideasecurity deposit to your landlord and you must negotiate the terms underwhich the security deposit may be refundable It your Express Bakery will be located ina Sohlotzsky'sRestaurant, these costswilllikelybeincurred inconnection with locating and leasing the site tor the Schlotzsky's Restaurant See also Note^regarding costs ot leasehold improvements and utilities tor Express Bakeries

^e do not currently otter,either directly or indirectly,tinancing to you tor your initial investment. The availability and terms ot financing trom third parties will depend on such factors as the availability of financing generally and your credit worthiness

2 This item includes refrigerators, freezers, ovens, proofers, mixers, sinks, d^^^ cases, drink dispensers and displays,tablesandchairs,aFOS System and signage The manuals oontainaoomplete list ofthe approved e^uipmentthat you will need

3 Local, municipal, county and state regulations vary on the licenses and permits that you will need to operate a Bakery For example, you may need city and county occupational licenses andaoityfoodhandlers'license You pay these fees to governmental authorities,when incurred, before opening for business FrofessionalFees payable to your architect, attorney and other professionals will vary depending on the location of your Bakery and the complexity of the services requested Oosts for permits and lioense fees generally are not refundable Frofessional fees are generally not refundable

FOOFage^

^^^^^^^^^^^D^ume^^oi 201^0401^ 4 For the ini^ gaining, you ^ inoidental expenses tor youand^ You also must pey the sauries end henetits otyour designated management employees The expenses you inour depend on taotors suoh as the oost ottravel, hotel aooommodations, and meals, as well as employee salaries and associated oosts In addition, training expenses will vary depending on how many employees you send to training ^we may require that you sendaoertain minimum numher that we determine) These purohases are not retundahie.

5 This item inoiudes small wares^e,pots,pans,spatulas,colanders,and similar items) and your initial inventory ottood and paper products ^e estimate that the range given will he sutticienttocoverasupply ottood and paper productstorl to^weeksot Oakery operations. These purchases are not retundahie

6 You must ohtain and maintain during the term otyour Franchise Agreement,at your expense, aoomprehensive husiness insurance program, inoludingproperty, liahility and workers'compensation insurance Your ohligation to maintain this insurance will hot he limited inany way hyreasonot any insurance that we may maintain, nor willit relieve you otyour indemnity ohiigations stated in Section 161ot your Franchise Agreement These policies are required to respond onaprimary and noncontrihutory hasis to any insurance carried hyus or our attiiiates and may not otherwise limit coverage tor tort Iiahiiities assumed in this oontr^^ The types and minimum amounts ot insurance coverage currently required are as tollows:

^a) Oomprehensive Oeneral Liahility Insurance, including Products ^ Oompleted Operations coverage with limits not less than $1,CCC,CCC per occurrence and $2,CCC,C0C in the aggregate withamaximum $5,COC deductible per occurrences

^h) Statutory workers'Oompensation insurance, including employer's liahility insurance, with limits not less than $5CC,CC^

^c) Automohile Liahility insurance withacomhined single limit ot$1,COO,CCC tor any owned, hired or non-owned automohile used in the course otyour business^

ê) ''Follow Form" Llmbrella^xcess Liability Policy with limits not less than $2,CCC,CCC per occurrence and in the aggregate that sits excess ot items â), ^b) êmployer's liability insurance only) and ^c)above^

^t) Business Property Insurancethatextendscoverageon a replacement oost basis tor business personal property including electronic equipment, tenant improvements^ bettermentsand business incomeandextraexpense, with covered causes ot loss as 'Special'orÂIIPisk" with coinsurance conditions not less than 80^, and turther,it you are inalocation that resides in FEMA Flood ônes beginning with the lettersÂ"or"V",coverage tor Floods and

^g) Other insurance required by the state or local authority

Insurance premiums are generally refundable only it you cancel the insurance hetore expiration otthe term ofinsurance

Itisdifticultforustoestimatethecost of required insurance, sincethecost varies widely dependingon such factors as the size andlocation of the Bakery premises,the gross sales actually achieved, the other types of insurance coverage included in the policy, and the value of

FOOPage^C

Cinnahoo Franchise Oi5oiosoreOocoment^oi aoi^04 0L2014 the items insured It yeur Express Bekery is iooetedina^ the insurance pointer the Hest Eaciiity to extend to the Express Oakery t^^ ot an additionai policy

7 You may need to provide deposits tor utilities. The amount ot these deposits and utility costs wiii vary depending on the location otthe Oakery and the practices otthe lessor and the utility companies. Security deposits may he retundahie in certain situations

8 You will need capital to support on going expenses, suoh as payroll, unitorms, supplies, initial advertising andmiscellaneous expenses These purchases are generally not retundahie.

9 Youmust spendat least $3,CCCtoragrandopeningadvertising program tor each Oakery ^Orand Opening Ohligation^ howeverthis tee shall not apply to Express Oa in Schlotzsky's Restaurants The Orand Opening Ohligation will not he required itthe Oakery is located inacaptive audience looation including,hut not limited to,atravel facility,an ai^ train station, a hus terminal, a highway travel plaza, a port facility, a sports facility, an entertainment facility,astadium,an arena,an amphitheater,atheme park,an amusement park, azoo, aooncert venue, oradrivein or theater If your Express Oakery is located inaHost Eacility other thanaSchlotzsky's Restaurant, the amount of the Orand Opening Ohligation will he reduced to $1,OOC. These purchases are generally not refundahle

10 Excluding the oostof real estate discussed innote 1 ahove,the range given provides our hest estimate of your total investment Eor thoseExpressOakeries that will he located in the space of a Host Eacility, these figures do not include the additional initial investment for the other hrand Unless you otherwise negotiate, most of these fees are non refundahle ^erelied on the many yearsof experience of our executives identified in Item2 and that of our predecessors in preparing these figures.

11 This estimate assumes that the Express Oakery will he located inaHost Eacility with estahlished utilities and certain equipment that the Host Eacility will share with t^^ Oakery. There may he variationsinthecostof leasehold improvements, utilitiesand other reguirements to prepare the space for any Express Oakery, depending on the requirements and negotiated terms with the Landlordand thelocation ^Vedo not provide estimates onthe variations in these costs

12 The range of estimated oosts relates to whenaExpress Oakery is heing huilt in connection with the construction ofaSohlotzsky'sRestaurant,sothatanumher of the oosts already heing incurred to huild out and hegin operating the Schlotzsky's Restaurant ^e.g., permitting, insurance, constructionof leasehold improvements,e^uipment,etc)would often alleviate or reduce many of the costs that would otherwise apply tohuild out theExpress Oakery. These figures do not include any of the costs relating to the investment required for the Schlotzsky's Restaurant Ifyou are huilding an Express Oakery that will he located in an existing Schlotzsky's Restaurant, you should review the middle chart ahove for the standard Express Oakery that is not located inanew Schlotzsky's Restaurant

FOOPage^

Cionahon Franchise Oisciosure Territory Fee under Territory Agreement Method When To Whom Type of Amount of Expenditure of Payments Payment Will Expenditure Low High Payment Are Due Be Made At signing of 1 Lump Territory Fee Varies1 Varies Territory Us sum Agreement

Total Initial 1 1 w 2 Varies Varies Investment ^^^^^^i!^^o®os^^~^

You may have additional or greater expenses starting your business. In particular, the amount of cash reserves you will need will depend on factors such as your management skill, how well you follow the System, your experience and business expertise, economic conditions, the local market for your business, competition and the performance of your business.

You should review this information, including the footnotes, carefully, conduct your own investigation and seek the help of qualified advisors before making any decision about signing a Territory Agreement.

None of these fees or payments are refundable unless otherwise noted below.

Notes:

1 Upon signing the Territory Agreement, you must pay us the Territory Fee. The Territory Fee varies and it will be an amount that we negotiate with you based on your business experience, your financial ability to develop Bakeries, the size of the Designated Territory, the market demand for developing in the Designated Territory, your experience with the System or bakeries similar to the Bakeries, the number of Bakeries you commit to developing, the timeframe you propose for developing Bakeries, and any other factors we consider to support your ability to develop Bakeries. See Item 5.

2 For each of the Bakeries opened under the Territory Agreement, you must pay us an Initial Franchise Fee for the Bakeries which will be due at the time you sign the Franchise Agreement for that Bakeries. See the charts above related to the initial investment for a Bakery and the initial investment for a Full Bakery, Full Bakery with a Carvel Express, Express Bakery and Express Bakery withwithin a Schlotzsky's Restaurant.

FDD Page 32

Cinnabon Franchise Disclosure Document oi.01.2013v2Q4.01.2014 ITEM^

RESTR^ONS ON SOUROES OP PROOOOTSANOSERViOES

This item descrihesyeor ohiigetion to huy or ieese produots or servioes trom us or our des^nees,tromsupplierser^^ issue Although we mey require you to purohes^ the tuture esdisoussed heiow, we end our ettiiiates are not epproved suppliers end not otter to seii goods or servioes to our tranohisees exoeptes disclosed in this item Except through an interest in us or our attiiiates disclosed in this item 8, none ot our otticers owns eny interest in any suppliers with whom you must or are recommended to do husiness

The Eranohise Agreement requires you to purchase the Proprietary Produots and Non- Proprietary Products trom us,or trom suppliers andoor distrihutors we designate or approve ^Proprietary Products^ inciude aii products, servioes, and equipment that now comprise, or in the tuture may comprise,apart ot our System and that are proprietary to us inciuding,without limitation,ingredients nuchas hase mix, hrown sugar and margarine),products, certain tood items, uniforms, signs, menu hoards, materials, supplies, paper goods and packaging "Non Proprietary Products^ include aii non proprietary ingredients, flavorings, components, and othe edihie items soid as part of the produots offered at Oakeries You must huy aii printed paper, paper products,andplastic products hearing our Proprietary Marks încluding, for example, dishes, containers, cartons, hags, napkins, and packaging suppiies)from usordistrihutors, manufacturers andBor suppliers that we designate or approve Oefore ohtaining any of these items fromasupplierother than us or our authorized distrihutor or manufacturer,you must ohtain our written approval, as descrihed heiow. wewill seii or make avaiiahle to you directly or indirectly through authorized distrihu^ manufacturers, yourentire requirementsôrlesseramount wemay designate), ofthe Non Proprietary Products, other produots, services, and equipment used in the Pranchised Business (collectively, the ^Specified Items') and Proprietary Products These purohaserequirements may take the form of purchasing programs, arrangements andoor contracts we negotiate andoor specify, ê receive fees and commissionsfrom certain manufacturersand distrihutors ot Proprietary Products and Non proprietary Products for their sales to authorized distrihutors and to franchisees ê also nâyêrive revenue trom the licensing of the Proprietary Marks to third party manufacturers who in turn sell the products hearing the Proprietary Marks to distrihutors, who then sellthe products to ourfranchisees and toother third parties wealso receive revenues asamarkûp when we seii items directly to you or to an authorized distrihutor who then sells the items to you ê andoor our aftiliates have the right to receive payments from any supplier or distrihutor to you or to other tranchisees within our System and to use these monies without restriction and as we deem appropriate. This includes fees received trom vendors that participate in our national accounts program and those vendors that we designate as approved Ourtotai revenues torthe fiscal year ended Oecemh^ t^32 415^C ê did not derive anv revenues from the sales of Proprietary Products and Nonproprietary Products, trom salos directly to authorizod distrihutors or from fees or oommissionsreceivodfrom manufacturers, for tho same period were $13,4^6,122 or 44 C^ of nur total revenueshv us of products or services to franohisees durinoourfiscal vear endino Oecemher 2^ 2C13 nor did we derive anv revenues in the form of commissions rehates or other payments from vendors hased upon the Systems purchase ot products used or sold in franchisees' Oakeries in the same period Based on purchases our tranchisees made from certain vendors durinoourfiscal vear endino Oecemher 2^ 2C13^6^wascontrihuted to FOO Page 33

Cinnahcn Franchise Oisciosure 0^ the Advening Fund In add-on to these revenues so^ expenses et our hiennial convention

Representatives ot Supply Management Servioes, ino ^SMS") currently conduct some purchasing and distrihution aotivities tor our System You must ôin SMS uniess and untii we estahiish a separate purchasing andBor distrihution cooperative, association, or program to provide serviceto our System êach individually, a purchasing Oo-op^ It we do torm a Purchasing Co op, you must ôin the Purchasing Co op, îi) remain a memher in good standing otthe Purchasing Oo Op, and (iii) pay aii reasonahle memhership tees assessed hy any Purchasing OoOp. ê may negotiate with vendors ^withrespect to tactors such as sales terms, and price terms) torthe henetit ot any Purchasing Coop we estahiish

Underacontract with SMS ^SMS Agreements,The PilishuryOompany,now known as Oeneral Mills^OeneralMilis^) manutactures certain trozenhakery products to our speeitieations and tormuias and sells those products to approved distrihutors, who in turn seii those products to Oakeries that use trozenhakery products. Oased on the volume ot products purchased trom Oeneral Mills, Oeneral Mills rebates certain monies to us tor investment in new product development and research to generate new market opportunities tor our System.

Also underacontract with SMS, Huhtamaki, Inc ^ParisPackaging"), provides to Oinnahon tranchisees certain paper supplies,including Oinnahon clam shells Paris Packaging imposesa surcharge on each oase ot Oinnahon clam shells purchased trom them Part otthe surcharge is collected hy the Ad Pund ^as detined in ItemU) and is used hy the Ad Pund to pay tore program designed to provide consumer teedhackmanagement,thePocus Brands Customer Service Oenter Part otthe surcharge is collected hy SMS to pay the tees SMS imposes tor its management otthe Purchasing Oo-Op

It we have not designatedasupplier tor any otthe Specitied Items,we may provide that such Specitied Items may he ohtained hy you trom any supplier you select that has heen approved hy us asapermitted supplier or distrihutor in accordance with this Section ^hen approving any permitted supplier, we will exercise our approval ot suppliers reasonably, inaccordance with the toliowing prooedures^î) you must submitawritten request to us tor approval otthe supplierîi) the supplier must demonstrate that it is able to supply the item to you according to our standards including our standards as to the artwork and text on the itemsîii) it the supplier is to receive access to any ot our contidential intormation, trade secrets or logos, the supplier must sign our standard torm contidentiality agreement or our standard torm license agreement îv) the supplier pays our thencurrent, nonretundable supplier evaluation tee ^whichwe expect to beapproximately $2,5CCtocoverour reasonable expensesinevaluating theproposed supplierâ^d^^v)thesuppliermustdemonstratethat itisingood standing in thebusiness community with respect to its tinanciai soundness and the reliability ot its products or services^ and ^ the suoolier mustsion all aoreements we reouireour suooliersto sion at that time Onder the Pranohise Agreement, we have the right to test, at your expense, the product or service ot any supplier you propose wewill give you notice ot our approval or disapproval withinareasonahletime,not to exceed ^C days. It we revoke approval ot any supplier, we will give you written notice în our Manuals or otherwise)

You must purchase trademarked signs tor your Bakery that meet our speeitieations and troma vendor that we have approved in writing. wewill provide you withasampie layout and speeitieations tor your Bakery You must hire an architect to prepare your plans and make any necessary changes to our standard layout and FOO Page 34

Cionahcn Franchise OiscicsureOccomentôi ^ÔÔT^ speo^côns Ouracoeôceofyoura^^ a^teot or render us ê^yourarohô^pe^^ professions design standards or edherenoe to looal oodes

Before we aooept your tlnalarohlteotural renderings, plans, and speoifioations t^^ arohiteot or you rnust certify to us that the aro^ oomply with the Americans with Oisahilities Aot ^the^OA^,^ the AOA, and ail applicahie state andlocai codes for accessihle facilities. Onoompietionof construction and hefore opening, your architect and your general contractor or you must provide us with a certificate stating thattheashuiltpianscompiy with the AOA^ thearchitectural guidelines under the AOA^ all applicable state and Iocai codes for accessihiefaciiities^ and all other appiicahie federal, state, and local laws, rules, or regulations ^e inspect each Bakery when construction is finished to make sure that it meets all of our standards and requirements

Youmust hirealicensed and insured general contractor to oomplete thehuildout of your Bakery Our acceptance of your general contractor will not in any way he our endorsement of your general contractor or render us liable for your general contractor's performance.

You must purchase certain items ot machinery and equipment, some ofwhich are Proprietary Products, from sources we approve. Our approval of your equipment source will not in any way be our endorsement otyour equipment source or render us liable for your equipment source's performance You must purohase certain equipment for the opening of your Bakery through vendors that we have approved. Purchases made directly from vendors will be handled by each vendor ^e may require you to purohase certain machinery and equipment through designated consolidators, but we currently do not have designated consolidators If we appoint dosignatod consolidators^ you may request a waivor ot tho requirement that you uso our designated oonsolidators ityou can domonstratethatyou can sucoossfully manage tho process of ordering and obtaining your machinery and equipment—Ourgranting otapprovalforany roquostod waiver will not be unreasonably withheld.

If you qualify to openaSPU,you will be required to lease the cart or kiosk from Auntie Anne's to participate in the SRU program, as provided in Items 5 and 6 In the year ended Oecemher ^0^, ^4^^, Auntie Anne's revenues from the SRU Program totaled ^^5^

Periodically, we will conduct market research and testing to determine consumer trends and the salability of new food or non-food products^a^^services^od eouioment You must participate in anv market research oroorams or test marketino of new products and sorvicestestino in vour Bakery, and provide us with timely reports and any other relevant information we request^^ market research. You must purohase for your Bakery a reasonable quantity ofthe test produots,and you must effectively promote and makeareasonable effort to sell test products You may not purchase licensed Oinnahon consumer goods from other channels and sell them in the Bakery without our express prior written approval

^eOurrentlv we estimate that vour purchases from aooroved suooliers. from suooliers that we designate, and otherwise under our standards will he about to of the total purchases and lease of products and services needed to establish the Bakery and about of the total purchases and leases of products and services needed to operateaBakery behave established specifications,standards,and criteria for many of the product items thata typical Bakery uses. Our specifications, standards, and criteria tor packaging material are

FOO Page 35

Oinnahon Franchise Oisciosure Occu^ ava^e^youonyourreq^ items are oot ava^^e to you.

You must purohase our speoitied oomputerized POS System oran alternative system we approve ^seeitem^) Por 2^2014 we have desionated MICROS as our oreterred provider tor our designated POS System whioh is on MIOROSe^plattorm.Puil Bakeries will he required to use this designated POS Systems Express locations may use another, approved POS System upon request trom us Asacondition ot purchasing the MiOPOSoash register, you must execute the Micros End User License Agreement with Micros Systems, Inc. attached as ExhihitO The authorized selling agent tor MICROS is POS Solutions Oroup In 2^^^, POS Solutions Oroup collected $244^^235^^ in revenue trom sales ot POS Systems^ Polling tees trom our System

You must accept ma^or credit cards ^Visa, Mastercard, AmericanExpress, and Oiscover) tor customer purchases. This requirement may require that you invest in additional equipment and that you incurtees trom the credit card processing vendors thatwe designate behave an electronic gittcard program and you must participate in this program This program may require that you invest in additional equipment and that you incur tees trom the gittcard processing vendors that we designate You must remit to the designated provider the proceeds trom your sales ot gift cards The designated provider will hold these tunds whenagiftcardis redeemed,the provider will pay to the redeeming franchisee the amount otthe purchase from the held funds wewill not he ohligated to provide to franchisees an accounting of the proceeds and dishursements ofthe gift oard program

PBRI administers our gittcard program. EBRI receives anadministration tee hasedon the gross gift card sales made ln2^2C13PBRIcollected^^C54C76^in revenue from providing products or services to ourfranchisees preserve the right to require you to implement other electronic incentive programs that we deem appropriate to support and promote the System Such programs may include, hut not he limited to, an electronic loyalty tracking program, which may require additional servioe fees to he paid to such vendors.

You must maintainahighspeedhroadhandlnternet service,such as OSL ^digital suhscriher line) or Oahle provided service that allows you anunlimitedlnternet connection, email and online communication ahilities as we require, ê may require you to use an Internet service provider we approve You must dedicateahighspeedhroadhand or frame relay connection for the sole purpose of supporting your computer system wemust approve any other technology options,suoh as satellite,cellular,eto.hefore you you to purchase servicesthatmeetoertain performance criteriaÊxample: upload^download speeds, security, etc) ê may he an approved supplier of, and makeaprofit on, Internet service,call center, maintenance,training,installation and other products or services, wealso may sell to tranchisees training materials, supplemental or additional goods and services that are in addition to the initial training and servioes that we provide to you when you sign your Pranohise Agreement, ê may require, recommend or offer that you purohase these materials, goods and services and other materials for use hy you or your employees ê may makea profit trom the sale of these materials, goods and services and other materials we may ofter in thefuture

FOO Page 36

Oinnahon Franchise Oisciosure Oocoment^oi ao^ We anticipate that the total initial cost to you for the Polling and POS Systems and related necessary equipment will be no greater than $10,000 per Bakery for up to 2 terminals. In addition, there may be license, installation, maintenance and service fees associated with the implementation and maintenance ofthe Polling and POS Systems in your Bakery. We provide you with no material benefits (like renewal or granting additional franchises) based on your use of designated or approved sources, but the bidding process described above provides us and you with the material benefits inherent in the bidding process.

All advertising and promotion of your Bakery must conform to our specifications and standards and must be approved by us in advance. This requires you to submit to us for our approval copies of all advertising and promotional materials including, without limitation, business cards, signs, displays and mailouts.

You must maintain specific types of insurance coverage as described in more detail in the Franchise Agreement and our Manuals. We also specify the minimum amounts of insurance coverage you must maintain. All insurance policies must name us and others we designate as additional insureds. You must provide us with evidence of your insurance coverage before you begin operations at your Bakery, upon annual renewal of such insurance, or otherwise within 10 days of our demand for proof. If your Express Bakery is located in a Host Facility, the insurance maintained for the Host Facility may satisfy our insurance requirements.

We have the right to approve the lease, sublease or other rental agreement for the Bakery (the "Lease") and to require that the Lease include certain provisions (listed in Section 6.4 of the Franchise Agreement), including our right to the Bakery's site if you lose possession because of your default under the Lease. We will not approve the Lease if your Express Bakery is located in a Host Facility and the Lease for the Express Bakery will not be required to have provisions required by .us. Under the Lease terms, no funds are exchanged between us and you or the landlord.

In 20422013, except as disclosed in this Item 8, we and our affiliates did not receive any revenue from required purchased by our franchisees for items purchased directly from us or our affiliates. Except through an interest in us or our affiliates disclosed in this Item 8, none of our officers owns any interest in any suppliers with whom you must or are recommended to do business.

ITEM 9

FRANCHISEE'S OBLIGATIONS

This table lists your principal obligations under the franchise and other agreements. It will help you find more detailed information about your obligations in these agreements and in other items ofthis Disclosure Document.

Section in Section in Section in Express Section in SRU Territory Disclosure Agreement Obligation Franchise Agreement Addendum Addendum Document Item a. Site selection and • Section 6 Numbers 9, Numbers 4 and None Items 5, 6, 7, 8, acquisition/lease 10 and 11 5 11 and 12 b. Pre-opening Sections 6, 7 and 8 Numbers 9, Number 9 None Items 5, 7,8, 11 purchases/leases 10 and 11 and 12

FDD Page 37

Cinnabon Franchise Disclosure Document o-i.oi.aoi3v2P4 Q1.2Q14 Section in Section in Section in Express Section in SRU Territory Disclosure Obligation Franchise Agreement Addendum Addendum Agreement Document Item c. Site development Sections 6, 7 and 8 Numbers 9, None None Items 7, 8, 11 and other pre 10, 11 and and 12 opening 12 requirements d. Initial and ongoing Section 13 Numbers 15 None None Item 11 training and 16 e. Opening Sections 1.5, 7.3,15.3 Numbers 12 Number 6 Section 4 and Item 11 and Schedule A and 18 Schedule B f. Fees Sections 3.2.B, 4, 6.6.B, Numbers 5, None Sections 3, Items 5 and 6 13.2, 15.5 15.6, 16.1, 6, 11,16, 9.3H, 9.4E and 19.3, 19.4, 21.2,21.3, 26, 27, 32 12.4 21.4 and 22.4 and 33

9 Compliance with Sections 9, 10 and 15.1 Number 17 Number 8 Section 6.N Items 8, 11, 15, standards and and 16 policies/Operating Manual h. Trademarks and Sections 1.4 and 11 None None Sections 2.1 Items 13 and 14 proprietary and 7 infonnation i. Restrictions on Section 8 None Number 7 None Items 8 and 16 products/services offered j Warranty and None None None None None customer service requirements k. Territorial None None None Sections 2.1, 4 Item 12 • development and and Schedule B sales quotas 1. Ongoing Sections 8 and 15.13 Number 18 None None Items 6 and 8 product/service purchases m. Maintenance, Sections 3.2.A, 7 and Number 4 None None Item 11 appearance and 15.8 remodeling requirements n. Insurance Section 16 Number 23 Number 10 None Item 7

0. Advertising Section 12 Numbers 13 None None Items 6 and 11 and 14

P Indemnification Sections 11.3 and 16 None Section 11 Item 6 q Owner's Section 15.9 Number 21 None None Item 15 participation/manage ment/ staffing r. Records and reports Section 17 Number 24 None Section 6.E Item 6 s. Inspections and Sections 7.3, 8.2, 14.2, Number 12, None None ItemG audits 15.3, 15.4, 15.5, 15.6 18 and 19 and 17 t. Transfer Section 19 Numbers 25, None Section 9 Items 6 and 17 26, 27 and 28 u. Renewal Section 3 Number 3 None None Items 6 and 17

V. Post-termination Section 21 Numbers 31 None Section 8.4 Item 17 obligations and 32 FDD Page 38

Cinnabon Franchise Disclosure Document oi.aoi3waQ4.Q1.2Q14 Section in Section in Section in Express Section in SRU Territory Disclosure Obligation Franchise Agreement Addendum Addendum Agreement Document Item w. Non-com petition Section 18 (See also None None Section 10 and Item 17 covenants Schedule B to Franchise Schedule C Agreement)

X. Dispute resolution Sections 22 and 25.4 None None Sections 12 and Items 6 and 17 15.5 y Personal Guaranty Schedule C None None Schedule D None

FDD Page 39

Cinnabon Franchise Disclosure Document oi oi 2oi3v204.01.2014 ITEMIO

^NANCiNG

Ouring 2^2^^we may im^eme^aprog^m under which we may provide financings franchisees in orderto assist with fhe purchase and insfaiiaficncf digital menu hoards and^ the MiOROS^POS System

We may refer you to leasing or financing companies not affiliated with us We and our affiliates receive no tees or other tinanciai benefits from any lender for your financing. Ourrently, we will not guarantee your note, lease, or ohligation, for any lender, or any other person or entity ^ 2013 we mav enoaoeWe have enoaoed an advisor who would provide consultino services to franchisees to assist them with securing financing and we would pay the advisor forthis assistance to franchisees. We will not he responsihie for the consultant's provision of services to you and ifyou choose to use the consultant, you must sign the consultant's form of agreement Ouring 2013,we may implomontaprogram undor which wo may guarantee some portionotaloan pooler possihly individualloansincertaincircumstancos—Itaprogramis implemented, tho program will only apply to franchisoos that moot our gualitication requiromonts You will not he required to participate in any program thatwe implement

Our affiliate, Auntie Anne's, in its solediscretion andsuh^eotte availahility, may grantto qualified franchiseestheright to leaseandoperateaSRU asanadditionalselling location within the mall, airport, enclosed huilding or other retail location where an existing 8a^ located Such lease is controlled hy the terms ofan Equipment Rental Agreement hetween you and Auntie Anne's. Seeltems5and8

We participate in the SOAs Eranchise Registry Wewill modify the Franchise Agreement to permit you to give the SOA or an SOAapprovedlendera security interest in the Oakery

Wemaysell,assign, ordiscounttoathird party any note,financing-related contract or other instrument you give to us.

Except torthe ahove, we do not ofterfinancingfortrade fixtures, opening inventory,or any other purpose.

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Ci^^on Franchise Oisoiosore Oocument 0^ 201^04 0^ ITEM^

FRANOH^O^SASS^ANC^

Except 98 ^edbelo^ we are oot reared to pro^de you w^h

PreOoeoio^Obhoatioos Fraochise Agreemeot Oefereyeuepeo your 8eke^ we wi^

L Accept the Iccatico you select tor your Oakery^ (Fraochise Agreemeot Secticos61aod 6^aod Express Addeodum,Numhers

We ccosider the tclicwiog tactors io aooeptiog sites: popuiatioo deosity aod demographics, trattic tiow, maii trattic couots, visihiiity, parking, access, household iooome, aod iocai competition, ioeiudiog other Ciooahoo Oakeries. We wiii provide you withiimited advice cooceroiog the oegotiatioo otthe terms otthe iease. You wiiihe soieiy responsihie tor negotiation otthe terms otthe iease and pertormance under the iease. We must aisoreview the iease prior to execution to insure that our minimum iease requirements have heen met. We expect you to retain an independent expert to evaluate the suitahiiityotaproposed site Wemayhelpyouselectasite,hutwedonot warrant or represent that the selected site is suitahie We disclaim any responsihility tor the suitahilityot the site It your site isnot identitiedhy the time that you sign your Franchise Agreemeot, you will have 15Cdays atter sigoiog the Fraochise Agreemeot to (i) identityandohtainouracoeptanoeotasiteand(ii) sign any documentation reguired todocumentouracceptanoeotthesite,whichwillincludeageneral release, and (iii) ohtainatully signed Leasethatoomplies with our leasereguirements. It we cannot agreewithyouonasite or you tail to complete all the reguirements discussed inthe previous sentence in the day period, we may terminate your Franchise Agreement. It we terminate your Franchise Agreement tor this reason, we will not retund the Initial Franchise Fee. It you sign multiple Franchise Agreements with us at the same time or sign a Territory Agreement, we may modity thedevelopment deadlines to giveyou additional time to develop the Oakeries developed under those agreements.

We will evaluate any reguest to (i)oo hrand an Express Oakery with another husiness, (ii) operate an Express Oakery inaFlost Facility,or (iii) change the Flost Facility tor an Express Oakery, and you must ohtain our consent in connection with your reguest.

2 Provideasample layout andspecitications tor theOakery Our acceptance otyour architect will not in any way he our endorsement otyour architect or render us Iiahle tor your architect's pertormance oryour architects' compliance with protessional design standards or adherence to looal codes We inspect each Oakery when construction is tinishedto makesurethatitmeetsallotourstandardsand reguirements See Item7 ahove (FranchiseAgreement, Sections)

3 Make the Non proprietary Products and Proprietary Products applicahie to your type ot Oakery avaiiahle to you through independent distrihutors or manufacturers unless an act ot Ood, governmental restriction, lahor difficulty, or similar event prevents us trom doing so.(FranchiseAgreement,Seotions8BI,82and83)

4 Use reasonahle efforts to fulfill or cause distrihutors or manufacturers tofulfill your orders for Nonproprietary Products and Proprietary Products onatimely hasis Ifwe, F00Page41

Cinnaboo Franchise OisciosoreOo^^ oordi^bu^sorourma^ other ^anohisees) with the qua^ Produots thet they reguest, eseresoltot the oeusesdesorihedehove or other causes heyond our or our suppliers'oontroi,then we wiii try to ellooete the avai^ endtypesotNonProprietary Produots or Proprietary Produots oneneguitehiehesis among husinessesselling Oinnahon produots it youdo not reoeive Nonproprietary Produots or Proprietary Produots trom us, our distrihutors or our manutaoturersheoause ot any otthe ahove reasons,this wiii not he our hreach otthe Pranohise Agreement, nor wiii we, our distrihutors or manufacturers he iiahie to you tor this (Franchise Agreement, Section^BiO^

5 Share withyouour knowhow in operatingahakery featuring cinnamonroiis, hakery products,speciaity coffee, specialty heverages and other hakery items,and grant you eiectronic or other access to our Standard Operating Procedures Manuals (the ^Manuais^ containing the information, methods, technigues, and specifications for the operation ofaOakery.We may provide to you the Manuals and any supplements to the Manuals in hard copy or electronically hy diskette, OO ROM, electronic mail, the Internet or other eiectronic format Seeltem 14,helow (Franchise Agreement,Sections9and

6 Approve or disapprove all signs, posters, and displays in writing hefore installation or display (FranchiseAgreement, Sections74and 122)

7 Furnish you with any specifications for reguired products and services. (Franchise Agreement, Section 8.2)

8 Approve or disapprove any advertising, direct mail, identification, and promotional materiaisand programsyou propose. (FranchiseAgreement, Section 122)

9. We reserve the right, to the fullest extent allowed hy applicahie iaw, to estahlish maximum, minimum, or other pricing reguirements with respect to the prioes you may charge forProducts, inciuding reguired participation in System wide discount programs and promotions if we do not estahlish such pricing reguirements, then you will have the riohtto determine the prices vou charoe ^Franchise Aoreement Section 14 4)

Territory Aoreement^The Territory Aoreement does not reouire us to provide anv assistance or service hefore you open each Oakery. Flowever,after we sign theTerritory Agreement, we will loan you one copy of the Manuals. (Territory Agreement, Sectional)

TimetoOoeo

We estimate that the typical time hetween signing the Franchise Agreement and opening your Full OakeryorExpress Oakery is3to 12 months Factors affecting this time inciude attendance at, and satisfactory compietion of, the applicable training programs ohtaining the Leased ohtaining all necessary permits^ completion of constructions and delivery and installation of eguipment and supplies. ForaFuii Oakery, you must (i) ohtain our acceptance of the Accepted Looation, suhmit siteplansandarchitecturai planstous, andohtainasigned Lease (that complies with our lease reguirements) within 15C days after we sign the Franchise Agreement, (ii) heginconstruction at the AcceptedLooation within 240 days after we sign the Franchise Agreement, and (iii) open your Oakery within 36Cdays after we sign the Franchise Agreement For an Express Oakery, you must (i) ohtain our acceptance of the Accepted Location, suhmit

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Oinnahon Franchise O^closoreOoou^ s^p^nsanda^ô^ requ^me^wôÔ^ the Aooeptod Location within 90 days after we sign the F^ Oakery within 180 days atter we sign the Franchise Agreement it you sign muitipie Franchise Agreements with us atthe same time or sign a Territory Agreement, we may modity the deveiopment deadlines torthe Oakeries developed underthose agreements

Obâtôs Atter Oêmn^

Franchise Aoreement-Ourin^ the operation otyour Oakery, we wiii:

1 Provide assistance and supervision during the initiai opening and at the Orand Opening otthe Fuii Oakery or Express Oakery

2 Make the Non proprietary Products and Proprietary Products appiicahie to your type ot Oakery avaiiahle to you through independent distrihutors or manufacturers, unless an aot ot Ood, governmental restriction, iahor difficulty, or similar event prevents us from doing so (FranchiseAgreement,Sections 8Bland82)

3. Furnish you with any specifications for required products and services. (Franchise Agreement, Section82.A)

4 Review and approve or disapprove any advertising, direot mail, identification, and promotional materiaisand programsyou propose (FranchiseAgreement, Section 12.2)

5 Furnish you with those field support services we consider advisable We may provide these services on-site, otf site, hy telephone, or through other means. Timing wiii depend on the availahility ofour personnel (FranchiseAgreement, Section 143)

Territory Agreement - The Territory Agreement does not require us to provide any other assistance or services during the operation otthe Oakeries

Advertise

W^hav^stahlishedaMarketinom P^pr^Pak^ri^dpnotmakeAdvertisinoOontrihutionsOontrihutiontotheAdFundandtheAd Fund disclosures helow will not appiy to Express Oakeries The Advertising Oontrihution made hy Full Oakeries will he made to the Ad Fund. Seeltem^ We can spend the contrihutions to the Ad Fundinany manner wechoose topromote the Oinnahon hrandand products. We intend our advertising and promotionai aotivities to further general puhiic recognition and acceptance of the Proprietary Marks tor the henefit of the System. We will not spend Ad Funds inamannerthat(i)exclusivelyhenefitsourlicenseesthatmanufaotureandseli Products,ifany, or (ii)isprincipallyasolicitation for the sale of franchises. We have no ohligationto make expenditures for the AdFund that are equivalentor proportionate to your contrihutions,to ensurethatyou henefitdireotiy or proportionately from the placement of advertising, orto ensure that any advertisingimpacts or penetrates your area. We neednot maintain the Ad Fund, Advertising OontrihutionsOontrihutio^ you paid or income earned from contrihu^^ Ad Fund inaseparate account from our other money We will provide you with an annual summary of our expenditures for the Ad Fund withinareasonahle time after we receive your written request forasummary In our fiscal year ended Oecemher 30,2012,29^013,37^ of the Ad Fund was spent on production and placement, 262^^ was spent on creative, research,

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Oinnahon Franchise Oisclcsure Oocument 0^ ^3^04.012014 teôg aod ageooy fees, ^7^1^ was speot ao admioisâtive tees, was speot oo operatiooalioitiativeôoiudiog the traoohisee orew rewards program) aod^l^ oo other expeoses (iooludiogooupooredemptioos) Aoy amouots oolleoted hut oot speotwithio the tisoal year are oarried over aod speotio the oexttisoal year Aoy amouots that we speod oo advertisiog ioexoess otthe amouots theo available iothe Ad Fuod alsowill he oarried over asaloao trom us to the Ad Fuod aod will he reimbursed to us iothe oexttlsoalyear We ioteod tor the Ad Fuod to be perpetual however,atter all otthe Ad Fuod oootributiooshavebeeospeottorthepurposesdesoribedabove, wemaytermioatetheAd Fuod

We will direot all advertisiog programs aod oootrol the creative ooooepts, materials aod media used, media plaoemeot, aod allooatioo tor the Ad Fuod The Ad Fuod may be used to meet all oosts otadmioisteriog,direotiog,prepariog,plaoiog, aod payiog tor oatiooal,regiooal, or looal advertisiog. This iooludes the oost otprepariog aod oooduotiogtelevisioo, radio, magazioe, aod oewspaper advertisiog oampaigos, aod other publio relations aotivities aod the oost ot employiog advertisiog ageooiesto assist io these aotivities (iooludiog tees to have priotor broadcast advertisiogplaoed byaoageocyaodallotheradvertisiogageocytees)aodother activities that are directly or iodirectlydesigoed to promote the System, its traochisee,aod^or iocrease System sales (ioeiudiog combos, crew ioceotives, traochisee ioceotive aod^or promotiooal programs, customized materials (e.g., cups), upDsell programs, guest respoose program, maoagerBemployee recogoitioo programs, quality assuraoce aod tood satety programs, aod mystery shopaod shopper programs) We cao usethe Ad Fuodtorour reasooable admioistrative costs aod overhead that we iocurio activities reasooably related to the admioistratioo or directioo ot advertisiog aod promotiooal programs aod oew product development aod research, ioeiudiog oooductiog market research^ preparing marketiog and advertising materials^ working with public relations tirms, advertising agencies, advertising placement services, and creative talents preparing and maintaining, and paying third parties tor the preparation and maintenance ot, World Wide Web pages and sites^ other aotivities related to advertising and promotion on the Internet and other public computer networks^ and collecting and accounting tor tranchisee advertising contributions

We currently do not use the Ad Fund to buy national advertising media ot any kind, including broadcast, print or out ot home media, but may do so in the tuture We use one or more national andoor regional advertising agencies to produce our marketing materials. In the tuture, we may employ both an in house advertising department and national or regional advertising agencies You may develop local advertising materials tor your own use, at your own cost. We must approve these materials hetore you use them

There is no advertising council or regional advertising cooperative We have no power to require advertising cooperatives to be termed, changed, dissolved, or merged.

GraodOoeoio^Ob^atico

The Oraod Opeoiog Obligatioo requires you to speod at least $3,CCC on grand opening advertising promoting the opening otyour Oakery within 6C days hetore or atter the date you open the Oakery The Orand Opeoiog Obligatioo will oot be required it the Oakery is located io a captive audieoce looatioo ioeiudiog, but oot limited to, a traveltacility, ao airport, atraio statioo,abustermioal,ahighway travel plaza,ap tacility, astadium, anarena, anamphitheater,athemepark, anamusementpark, azoo, a concert venue, oradrive-in or theater Oaptive audience locations do not include enclosed malls It your Express Oakery is located inaHost Facility, the amount otthe Orand Opening FOOFage44

Cinnahon Franchise OisciosoreOocument^oi ^^O^ OL^^ Oblation w^ be reduced to $1,000. ^meteriels you use tor tbis OrendOp^^ and tbe medie in wbiob you use tbem, ere subject to our approvei

Comber or Casb Renter Systems

Youmust provide tinenoiei end business reoords and intormation to us eooording to reporting tormats,metbodoiogies and time sobeduies tbat we establish. As part ot tbese record keeping requirements, you must instaii computerized Oakery management systems meeting our standards, as moditied in response to business, operations and marketing conditions You must purchase an eiectronic POS System cash register system

ThePOS System is aneiectroniccashregister system, its principal functions are to manage permanent tinanciai records otsales transactions at your Oakery, cash control,inventory control, and menu and price change control, among other things The typeset intormation that it collects and generates are sales levels by item, item menu pricing, product movement statistics, individual unit and oateoorv sales data transactions oues^ oreoare Oakervreoortsandtime and attendance intormationtoremoloveeoavroll calculations W^ will have electronic and manual access to the intormation that the POS System generates and there are no contractual limitations en our right to access this intormation. We have developed intertaoes with oursole preferred provider that faoilitatesthisaccess. You must provide any assistance we require to bring your system on line with our headquarters system at the earliest possible time and in the manner we prescribe You must accurately, consistently and completely record, structure, capture and provide all required information through your computerized ot sale svstemPOS System and protect such intormation as reouired

Tomaintainaconsistent reporting system,you must purchase and useaPolling and POS System specified by us We will require that you purchase or lease hardware meeting our specifications and that is compatible with the our Polling and POS System and that you payamonthly polling fee as described in item^of this Oisclosure Oocument. You must maintain your Polling and POS System and keep it in good repair. Ourrently all of our programs are provided by our sole preferred provider The MIOROS POS Systemrequired platform is an integrated solution that contains components that reside and operate in the Oakery and components that reside and operate on the Internet. Oecause of this, we require you to obtain the required maintenance service and you must pay the maintenance fees required to operate the entire system Ongoing annual fees rangefrom$624to$1,200 (see Item^forthe ongoing fees paid to us and our affiliates)

You must maintainahighDspeedbroadband Internet service,such as OSL (digital subscriber line) or Oable provided servicethat allowsyou an unlimited Internetconnection, email and online communication abilities as we require You mustdedicateahigh-speed broadband or frame relay connectionfor the sole purposeof supportingyourcomputer system.We must approve any other technology options, such as satellite, cellular, etc before you order service withaprovider.We may require you to use an Internet service provider we approve Wemay require you to purchase services that meet certain performance criteria (Example: upload^download speeds, security, etc.). We anticipate that the initial cost to you for the Polling and POS Systems and related necessary equipmentwill be no greaterthan $10,000 per Oakery tor up to two terminals. In addition, there may be lioense, installation, maintenance and service fees associated with the impiementation and maintenance of the Polling and POS Systems in your Oakery.

We may revise our specifications for the POS System from time to time, itfor some reason, you do notpurchaseapreferredPOSSystem,you must pay all the costs associated with building the FOOPage45

Cinnahcn Franchise Oisclosure Oocument^ oi ^^ io^rtacetog^yourêmtoo^^ coôtu^û^ oo^ûaîmôosootheêqoeocyaodoostof^^^ de^rmioed to subsôte ooe or more other programs sele software program, theo you must stop usiog the old program, sigo aoy required sotârelioeose agreemeot aod ao^ with the publisher or veodor, aod use the oew software program. We oao require you to add, suhstitute or repiaoe oomputer hardware, memory, ports, aooessories, peripheral equipmeot, or software, or to repiaoe your eotire system There are oooootraotualiimitatioosoo the frequeooy or oost of your obligatioo to upgrade aod replace hardware aod software for your POS System

You alsomustobtaioaseparatepersooai oomputer to be used asamaoager'sworkstatioo ^OaokOffioePO^ We dooot ourreotly, but may iothe future, require speoifio software be loaded oo the OaokOttioe PO io orderto seoure thesystemsto meettheoD ourreot iaws, iodustry regulatioos or braod staodards You must pay forthe oosts ofthese additiooai iioeoses

Ooera^ooMaouals

We will loao you ooe oopy ot the Maouals, whioh detail the speoitioatioos, staodards, policies, guidelioes,prooedures,aod rules related to the operatioo ofaOakery. Por the duratioo otthe Praoohise Agreemeot, we wiii graotyou eleotrooioaooessto the Maouais or makethem available to you by paper or eleotrooioaiiy by diskette, OO POM, eieotrooio mail, the loteroet or other eleotrooio format The Maouals oootaio maodatory aod suggested speoitioatioos, staodards aod operatiog procedures The Maouals are ooofideotial,remaio our property, aod mustbekeptioaseoured place iothe Oakery We may revise the Maouals trom time to timeby postiogtherevisiooseleotrooically or by letter, memoraodum, bulletio, videotape, audiotape, diskette, OO POM, eleotrooio mail or by other writteo or electrooicoommuoicatioo, ioeiudiog the loteroet You must abide by all revisioos Such revisioos,wheo made, shall be iocorporated by refereoce ioto the Maouals as if they were preseot upoo the date you sigoed your Praochise Agreemeot Wewill give you ao dpportuoity to view the Maouals before you purchase a traochise or territory rights if you so request

Traioio^

Oelow are the ioitial traioiog^loi^ opeo your Oakery If we determioe that you do oot have sufficieotrestauraotexperieoce, we may require you to complete aoioteroshipioaoexistiogOiooabooOakery loadditioo to the below traioiog program. As applicable to Scratch Oough, Prepared Ooughaod^orPreezer-To Oveo operatioos withio a Pull Oakery or Express Oakery, you must meet the tollowiog atteodaocerequiremeots: Ifyou areaoiodividual aod will aot as the fulltime maoager of your Oakery or if this will be your first Oakery, you aod at least ooe other persoo we desigoate must atteod aod successfully complete, to oursatisfactioo, our basicOiooaboo Oakery Maoager Traioiog^OMT") Program (except Express Oakeries are required to seod ooly ooe iodividual that will act as the Oertified Oakery Maoager) If you areaoiodividual but will oot act as the fulltime maoager aod you have previously successfully completed our OMT, or ifyou are a corporatioo, partoership,limitedliabilityoompaoy,or other eotity,your Maoager,at least ooe other of your employees aodaoy other persoos we desigoate must atteod aodsuccessfully complete, to oursatisfactioo, our OMT Program (except Express Oakeries are required to seod ooly ooe iodividual that will act as the Oertified Oakery Maoager). Ifyour maoagemeot employees complete the OMT Program to our satisfactioo, we will issue certificates of FOOPage46

Cionahon Franchise OisoiosoreOooomentôi ^^04 012014 compôo^these^^ For F^ Oakery you must maiotaio at least 2 Certitiod Oakery Managers in the employ ot eaoh Oakery throughout the term ot the Franohlse Agreement For Express Oakeries, you must maintain at leastÔertltied Oakery Manager in the employee ot eaoh Oakery throughout the term otthe Franchise Agreement You must enrollaqualltied replaoement in the OMT Program tor any Certitied Oakery Manager who oeasesaotiye employment at your hakery within 30 days atter the tormer employee's last day ot employment. The replaoement employee must attend and oomplete, to our satistaotion, the next regularly scheduled OMT Program All training attendees must he overthe age ot18years

You may not attend the OMT Program until your Oakery Is under construction and you have provided us with your tully signed Lease (it required) that we have approved and evidence otthe insurance that is required under your Franchise Agreement.

We designed the OMT Program to educate you andoor your managers in all phases ot Oakery operations We turther summarize the OMT Program in the chart helow

The Oakery training program (operations hased training known as WOW University and Focus Orands University) lasts tor 10 to 12 days in ourtraining tacility in Atlanta, Oeorgia or a regionally approved live training Oakery You must successtully oomplete WOW University and Focus Orands University within 60 days hetore you open your Oakery

In the event you are approved to openaSPU under the SPU Program,you will reoeiveldayot on site training trom Auntie Anne's on the proper operation ot the SPU.

The summary helow currently represents a 10 day schedule torthe Full Oakery training program, however, we reserve the right to modity the schedule, hoth timing and content, at any time as determined hy needs otthe husiness This may especially he applicahie to prepared and treezer to oven operations inside Full Oakeries andoor Express Oakeries. A detailed scheduletoryourtrainingprogramwill he mailedtoyouahout3weeks hetore you come to training TRAININO PROGRAM

On-the-Job Classroom Subject Location Hours Hours Products (overall) 56 6 Certified Training Bakery / Cinnabon University Shift Management 24 4 Certified Training Bakery / Cinnabon University Administrative 6 4 Certified Training Bakery / Cinnabon University Sanitation/Health 3 2 Certified Training Bakery / Cinnabon University POS 2 4 Certified Training Bakery / Cinnabon University Marketing / Public 1 3 Certified Training Bakery Relations / Cinnabon University

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Cinnabon Franchise Disclosure Document .01.2014 On-the-Job Classroom Subject Location Hours Hours WOW University n/a 48 Corporate Training Facility

Paul Craythorne, our Senior Manager of the Training Department, whose experience is described in Item 2 of this Disolosuro Document, supervises and manages the training programs and the training staff. Trainers do not specialize in any subject Mr. Craythorne has held positions with us since September 2010 all of which involved our training programs. Mr. Craythorne has held similar positions with other companies in the industry since January 2008. His experience is further described in Item 2 of this Disclosure Document. Other members of our staff and of our affiliates' staffs may assist in training. Trainers do not specialize in any subject. Instructors will vary based on centralized and/or decentralized training format used. The instructional materials for Initial Training include various training aids including detailed PowerPoint presentations, specialized training videos, detailed vendor reference materials, and the training manuals. With our prior approval, franchisee owners of Bakeries and their managers may conduct on-the-job training.

The Initial Franchise Fee includes the cost of the Initial Training Program for you and your Manager, who must attend the training. You must pay all transportation costs, meals, lodging, and other living expenses for your trainees. We will not pay compensation for any incidental services your trainees perform during training. We can determine the length and subject-matter of our training programs, and can train any number of individuals from any number of Cinnabon Bakeries at the same time.

If you or your Bakery Manager fail to successfully complete the Initial Training Program for a Full Bakery or Express Bakery (as applicable), the person who failed can re-enroll in our next scheduled Initial Training Program at no additional charge. We can terminate the Franchise Agreement if the person fails to successfully complete the Initial Training Program again.

To facilitate the opening of your Bakery, we will send one or more of our representatives to the Bakery, at our expense, for a minimum of 2 days before and concurrent with beginning operations. Our representative will assist you in establishing and standardizing procedures and techniques essential to the operation of the Bakery, and in training personnel. We may in our discretion, provide additional assistance in order to facilitate the opening of the Bakery. You must reimburse us at the then-current On-Site Training Fee and for our expenses in providing this additional assistance, which may include, among other things, travel and lodging expenses as invoiced by us to you. See Item 6.

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Cinnabon Franchise Disclosure Document oi.oi.aoisval Onceyou have opened 3 Bekenes, you mey train Certified Bakery Managers for eii iafer Bakeriesyoudeveiop, aL^^r oost andaf one of your Bakeries that we have oertified asa CertifiedTraining Bakery ('CTB^ For Cinnahon franohisees owning more fhan^Bakeries,we reoommendfherafioofhakeriesfoCMTsheoneforevery^Bakeries ifyouhaveafieasfone operating BakeryfhafwehavedesignafedasaCTB, you may oonduof fhe BMT Program for your empioyees at that Bakery withaCertifiedManagementTrainer^CMT^ Tohe designated asaCTB, a Bakery must meetoertain reguirements we set Thosereguirementsourrentiy inoiude: (i) the Bakery must achieve high operations oompiianoe scores^ (ii) the physical condition of the Bakery must meet aii then current requirements^ and (iii) the Bakery must have at ieast^CertitiedBakery Managers and 1 CMT CMTsmust meet certain reguirements we set Those reguirements currentiy inciude: (i)theymustheCertified Bakery Managers fora minimum of1yea4(ii) the Bakery at whioh they work must meet aii OTB reguirements^ (iii) they must compiete the OMT Workshop OMTsmust he recertified annuaiiy inaddition,ifaOMT transfers from one Bakery to another Bakery, the OMTmust he recertified ifatanytimea OMT faiis to meet the then current certification reguirements, we reserve the right to reguirere^ certification. We aiso reserve the right to change the reguirements for OTBs and OMTsfrom time to time in our soie disoretion.

We are constantly updating ourtraining program and reservetheright to extender reduce applicahie reguiredBakerytraining(for any venue) at our disoretion. RevisedlnitiaiTraining Programs may include a oomhination otcentralized and decentraiized, instoretraining at certified training locations

We aiso recommend that you attend the opening of someone else's Bakery hefore you open your own Bakery We wiii work with you to facilitate this experience, if reguested

We also may periodicaliy make avaiiahle to you or your employees, additional training programs that we, in our disoretion, choose to conduct. Attendance at these training programs may he mandatory We reserve the right to chargeafee for theseprograms, to ooverour costs of presenting the additionai training programs. You will he responsihie for all expenses that you and yourtrainees incur in attending training, such as the cost of travei, accommodations, meals, and employee wages and benefits.

You may reguest on site training at any time We have no ohligation to provide on site training, andmayimposeafeeforonsitetraining See item 6.in the event you reguest on-site training andeithercancei suoh training less than 14dayspriortotheproposedstartdate,orifthe trainersarrive at your location andarenot prepared tor suchtrainers to participate in such training,we may charge you ail actual costs incurredhy the trainers in traveling to your Bakery, suchas the costot travel, accommodations, meals, and employee wages and benefits In addition, we may charge you the On Site Training Pee for those days our trainers were scheduled to be at your Bakery.

Wemayperiodicallyoonductaconference, convention,program,or training session. Wewill determine the duration, curriculum, and location of these You (if an individual), your Bakery Manager(s) and supervisory personnel, must attend each conference, convention, program, or training session We maychargeateeforthesesessions and you mustpay all expenses You may also be reguired, from time to time, to take part in additional training or updates as we designate. Additional training may take the form of web-based training modules, webinars, or on-site training.

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^^^FôhÔô^^ Suêct to avaiê class spaoe,^ Inaddition your oporations may warrant our roguiring you to undertake romodlalt^^ Lastly, asacondition ot renewing your Franchise Agreement, we may require you to undergo turthertraln^^ In allot these situations, your training program will he conducted at an approved regional training tacility,will he tailored to your needs,and will typioally last no more than^days.

ITEM^

TERRITORY

Franchise Agreement

The Franchise Agreement does not give you any territorial rights or protections in any geographic area The Franchise Agreement licenses you to manutacture and sell Oinnahon products at retail only tromaspecitic Full Bakery or Express Bakery location that we accept (the ^Bakery Locations We do not grant you any exclusive territory or other territorial rights under these agreements other than the right to sell Oinnahon products at retail trom the Bakery The Franchise Agreement does not give you a right ot tirst retusal or similar rights to acquire additional tranehises or estahlish additional Bakeries.

You may only sell Oinnahon products and services at retail trom your Bakery, and you may not engage in the wholesale sale or distrihution ot any Oinnahon produot, service, equipment, or other component, or any related product or servioe, without tirst ohtaining our written consent You may not sell Rroducts through the Internet or using any channel ot distrihution other than your Bakery without tirst ohtaining our written consent You are not precluded trom usinga wehsite page that (i) is located on our wehsite,(ii) has heen approved hyus and (iii) complies with the Manuals

You will not receive an exclusive territory You may tace competition trom other tranchisees, trom outlets that we own, or trom other channels ot distrihution or competitive hrands that we oontrol

Relocation ct Bakery

ForFullBakeries,you may request to relocate your Bakery it the market tor your location declines dramatically over the years. It we approve your request to relocate, then you must sign our then current Franchise Agreement and your present Franchise Agreement will terminate The new Franchise Agreement you sign will expire on the same date as the expiration date ot your new lease and,it that date tails within the term otyour present Franchise Agreement, you will not pay another Initial Franchise Fee, andthe Royalty and Advertising Oontrihution will remainthesameasinyourpresentFranchiseAgreement, unless the relocated Bakery is ina ditterenttypeotlooation(i.e.,change tromamall location toastreetside location,in which cas^ the AdvertisingOontrihution will he the thencurrent AdvertisingOontrihution tor the typ^ venue otthe relocated Bakery. It the expiration date otyour new lease tails atter the expiration detect your present FranchiseAgreement, then you must pay an Initial Franchise Feeot $1,CCC multiplied hy the numher ot years hetween the expiration date otthe present term and the expiration date otthe new term^ and atter the expiration date otyour present Franchise Agreement, the Royalty and Advertising Oontrihution will he changed to that stated in our then current Franchise Agreement tor the type ot venue in which the Bakery is located

Territory Agreement FOOFage50

OioônFraoohêOôsoreO Ifyoo signaTeôry Agreed whioh yoo w^ opeo Bakeries Thesizeeodsoopeof fhe Oesigoefed Area wiii he ooofeioediofheTerrifory Agreemeot eodw^ oesehyoase hasis The faofors that we ooosideriodeferroioiog fhe size ofaOesigoafed Area iooiode oorreof aod projected market demaod, demographics aod popoiatioo hased oo oor research aodexperieooe, traffic patteros, iocatiooof other Bakeries, thefioaooiaiaod other capahilities ofthe deveioper,aod oor deveiopmeotpiaos The Oesigoated Area is oot exciosive aod yoo wiii oot have aoyterritoriai rights or protects io the Oesigoated Area or (ii)asaresoit of sigoiog theTerritory Agreemeot Ooriogthetermof theTerritory Agreemeot,we may estahiish,operate or fraochise aoyooe to estahiish or operate, Bakeries seiiiog Prodocts ooder the System at aoy iocatioo withio the Oesigoated Area Yoo may face oompetitioo from other traochisees, from ootiets that we owo, or from other chaooeis of distrihotioo or competitive hraods that we cootroi. Yoo may oot estahiish Bakeries ootside the Oesigoated Area withoot oor approval

OorReserved Rights Uoder the Praochise Agreemeot aodTer^cry Agreemeot

There may already he compaoy^owoed or fraochised Ciooahoo Bakeries oear yoor Bakery or io yoor Oesigoated Area that will oootiooe to operate. We may opeo or fraochise oew Ciooahoo Bakeries oear yoor Bakery or io the Oesigoated Area withoot coosoltiog yoo or giviog yoo the first right to opeo them These Bakeries may compete directlywith yoo

Other Ciooahoo Bakeries oear yoor Bakery that are already ioexisteoce or opeoed later ooder Praochise Agreemeots also may^compete directly with yoo, (ii)provide services io close proximity to yoor Bakery aod/orio yoor Oesigoated Area withoot compeosatiog yoo, aod(iii) possihly adversely aftect the operatioo ot yoor Bakery or yoor developmeot of Bakeries.

Uoderthe Praochise Agreemeot aodTerritory Agreemeot, we aod oor aftiliates have the right:

D Toown and operas aod to grant fra^ your Bakory and in tho Oosignatod Area

D Tootterandselltrom Bakeries (or any other channel ot distribute identioai to those you wiii he seiiing, and to exploit the Proprietary Ma^ tradeseorets, and know how in and with these saies These other channels otdistribution may inolude(torexample) sales toand through supermarkets^ oonvenienoestores^ olub stores^other retail stores^ restaurant chains^ beaoh resorts^ park taoilities^thea^ tederal, stateand iooaigovernmental orguasigovernmentaiagenoies^ attiliated colleges and universities (inoluding state university bran^ mail order sales and sales through the Internet

^ To otterandsell Cinnabon produots and servioesto any oustomeranywhere, inoluding toodservioe aooounts and non-tranohised venues.

^ To advertise and promote oompany-owned and tranchised Bakeries to individuals and entities regardless ot their geographic looation

D Topurchase, merge,acguire,or attiliate witharestaurant chain, or any other business regardless otthe looation ot its tacilities, and to operate, tranchise, or license these taci^ under the Proprietary Marks or any other marks atter our purchase, merger, acquisition, or

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C^^booF^^h^Dô^Ôo^môô^^^040^ affiliation, regardless of the location of these facilities, including in the Designated Area and/or close to your Bakery.

If the Accepted Location for your Bakery is in an enclosed mall that contains less than 1,600,000 GLA (gross leasable area) square feet, we agree not to grant a Cinnabon franchised business to another franchisee whose accepted location will be in the same enclosed mall as your Accepted Location.

As of the effective date of this Disclosure Document, we have no plans to franchise or operate any business similar to that of a Cinnabon Bakery under different trademarks.

You may compete with the restaurants/stores operated by our affiliates and franchisees of our affiliates that are located in your Designated Area and/or near your Bakery. Item 1 describes our current Affiliated Programs, most of which are not direct competitors of the Cinnabon system given the products/services they sell. There is no formal mechanism in place for resolving any conflict that may arise between your Bakery and the units of our Affiliated Programs. However, we do not expect any material conflicts regarding territory, customers and franchise support. ITEM 13

TRADEMARKS The principal Cinnabon commercial symbol that we will license to you appears on the cover of this Disclosure Document. The following is a description of the principal trademarks and service marks that we will license to you. All of the trademarks noted below are registered on the Principal Register of the U.S. Patent and Trademark Office ("USPTO") and have been renewed at the proper time.

FEDERAL REGISTRATIONS

Registration Date of Mark, Type, Goods Number Registration CINNABON 2137495 2/17/1998 CINNABON 1424169 1/6/1987 CINNABON WORLD FAMOUS 2304346 12/28/1999 CINNAMON ROLLS & wave design WORLD FAMOUS CINNAMON 2029844 1/14/1997 ROLLS

"Proprietary Marks" means our symbols, trademarks, service marks, logotypes, and trade names. We also have registered other Proprietary Marks with the USPTO. The provisions of the Franchise Agreement apply to any and all other trademarks, service marks, and trade dress authorized and licensed for use by us to you during the term of the Franchise Agreement. The other Proprietary Marks that we currently use are listed in the Manuals. You must comply with the proper use and marking of the Proprietary Marks as we indicate in the Manuals. We update the Manuals periodically, and add or delete Proprietary Marks on a continuing basis.

We are the owner of all right, title and interest in and to the Proprietary Marks and the goodwill associated with them. All goodwill associated with the Proprietary Marks remains our exclusive

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Cinnabon Franchise Disclosure Document (M.oi.2oi3v2Q4.01.2Q14 property dosage of the trademarks by you^ exolusive benetit.

Tbere are no agreements oorrentiy in etteotwbiob oould signitioantiy^^ lioense tbe Proprietary Marks. Tbere are no ourrently etteotive determinations ottb^ TrademarkTrial and Appeal Board, tbeTrademark Administrator ot any state^or any oourt Tbere is no pending intringement, opposition oro involving tbe Proprietary Marks Tbere are no ourrently etteotive agreements ^mitt^^ our rigbt to use or lioense tbe Proprietary Marks Tbere are presently no infringing uses known to us tbat oould materiallyafteot your use of theProprietary Marks listed abovein tbe state in whioh your Bakery will be looated.

Your rights to the Proprietary Marks are derived solely from your Pranohise Agreement Youwill only use the Proprietary Marks to identify the Bakery exoept as we authorize. You have no right to apply tor registration of any Proprietary Mark In using the Proprietary Marks,you must striotly follow our standards, speoifioations, reguirements, and instruotions You may not use the Proprietary Marks with any unauthorized produot or servioe or in any other way not explicitly authorized by the Pranohise Agreement or that we otherwise approve You may not use the Proprietary Marks, or any portion of the Proprietary Marks, as part of any oorporate or trade name, domain name, search engine keyword or metatag, email address, or in any other unauthorized manner When your Pranohise Agreement expires or terminates, all rights to use the Proprietary Marks will revert to us automatically without payment to you and you will keep no rights in the Proprietary Marks. You may not take any action to question or contest our rights or interest in the Proprietary Marks and the goodwill related to the Proprietary Marks TheTerritory Agreement does not authorize you to use the Proprietary Marks.

Ifyou learnof any claim against you foralleged infringement, unfair competition, orsimiiar claims about the Proprietary Marks, you must promptly notify us We will promptly take the action we consider necessary to detend you We must indemnity you for any action against you byathird party based solely on alleged infringement,untair competition,or similar claims about the Proprietary Marks You may not settle or compromise any of these claims without our writtenconsent We have the right to control,defend and settle any claim at our sole expense, using our own counsel You must cooperate with us in the defense. We will have no obligation to defend or indemnify you if the claim against you relates to your use of the Proprietary Marks in violation of the Pranohise Agreement

You must comply with our instructions to modity or discontinue use of any Proprietary Mark or to adopt or use additional or substituted Proprietary Marks. We will not be liable to you for any resulting expenses

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^^^F^^^O^^^ ITEM^

PATENTS COPYRIGHTS ANO PROLETARY ^FORMA^ON

Patent And Ooov^hts

Oinnabonhas no patent maten^ to the ^oohise Woo^imoopynghtsonoorteintorm^ advortisomonts images, art, photography, promotionaimatehals,and other written matenais, and in some instances we have ohtained tederai copyright registrations torsomeot these materials Weaisociaimoopyrightsandother proprietary rightsinour Manuals (and the moditicationswemaketo it periodioaily) Wealsociaimcopyrightsin ourhuildingdesigns architectural renderings, and construction plans

You must comply with the proper use and marking otthe copyrighted materials as we indicate in the Manuals

There are no agreements currently in ettect that signiticantly limit your right to use any ot our copyrights. Also, there are no ourrently ettective determinations ot the U5PTO, Copyright Ottice (Lihraryot Congress) or any court involving any ot our copyrights discussed ahove Weare unaware ot any infringing uses ot or superior prior rights to any ot our copyrights that oould materially aftect your use otthem in the state in which your Bakery will he located

Your ohiigations and ours to protect your rights to use our copyrights are the same as the ohiigations for Proprietary Marks descrihed in Item 13.

Proletary and Confidential Information

Our Contidential Intormation includes: products, services, equipment, technologies, and procedures for the retail sale of cinnamon rolls, other hakery produots and other food and non food products under the Systems sources (or prospective sources) of supply and all information related to or concerning the sources(or prospective sources) of supply,including the identity of and pricing structures with our suppliers^ systems and techniques tor the production, distrihution, merchandising, and sale of Oinnahon cinnamonrolls, other hakery products and other food and non food products^ systems and techniques for tood preparation and storages menus^ recipes and ingredients^ special techniques tor packaging,display,merchandising,and marketing of food produots^operating procedures for sanitation and maintenances systems of operation, servioes, programs, products, procedures, policies, standards, techniques, requirements, and specificationsthat are partofthe Systems plans, layouts, designs and specifications foraprototypical Bakery^ the Manuals^ methods of advertising and promotions instructional materials^and other matters. This is not an exclusive list ofall our Confidential Information.

You may never,during the term otthe Franchise Agreement, any renewal term otthe Franchise Agreement, or afterthe Franchise Agreement expires or is terminated, reveal any ofour Confidential Information to another person or use it for any other person or husiness Youmay notcopyanyofourConfidential Information orgive it toathird party except as we authorize These restrictions must he followed even hefore you open your Bakery, since you will receive valuable information and training ahout the System and the operation of the Bakery hefore you hegin operations

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Oinnahon Franchise Oisciosure 0^ You may neve^ during theterms Agroomont orator the Franchisee Secrets to another person or use suohTrade Secrets ter any ether person or husiness. "Trade Secret" means intormation that derives independent economic vaiue, actual or potent^ not heing generaiiy known to, and not heing readily ascertainahiehy proper means hy, other persons who can ohtain economic vaiue trom its disclosure or use. Without limiting the detinitionot "Trade SecretsB all the toiiowing wiii he conclusively presumed to heTradeS whether or not we designate them as such: (i) the composition et our Proprietary Products and Non proprietary Products^ (ii) our advertising, marketing, and puhiic relations strategies^ and (iii) our marketing analyses.

You will require that all persons employed in your Bakery having accessto Contidential Intormation are aware ot the contidentiality restrictions set torth in the Franchise Agre^ similarly hind them not to disclose the Contidential Intormation hy an agreement as^ least as restrictive as the terms otthe Franchise Agreement

You must assign to us, permanently and irrevocahly, tor incorporation into the System, and tor any other use we desire, tuli rights to all otthe toliowing it developed hy you or ter you during theTerm, without paymentot any compensation to you (i)any cinnamonrolls, ether hakery products, and heverages^ (ii) any derivative inteiiectual property, products, programs, techniques, equipment, services related in whole or in part to the Bakery operation, your rights under your Franchise Agreement (whether or not permitted), Manuals, System and/or item (i)^ and (iii) variations, moditioationsand/er improvements related in whole or in part to the Bakery operation, Manuals, System and/or item (i)

ITEM^

O^GATION TO PARTICIPATE IN THE ACTUALOPERATIONOPTHE FRANCHISE BUSINESS

You must personally supervisetheoperation otthe Bakery, unless weotherwise permit in writing You must devote the necessary time and your hest etterts ter the proper and ettective operation otthe Bakery. It we iicense you to operate more than one CinnahonBakery,yeu must devote the time necessary tor the proper and effective operation et all your Bakeries You must employ one Bakery Managerter eaoh Full Bakery and Express Bakery

It you are an individual,you must either serve as or designateaBakery Manager An entity tranchisee must designateaBakery Manager. The Bakery Manager,whe will have daytoday management responsihility tor your Bakery, will exercise on premises supervision and personally participate in the direot operation otthe Bakery. The duties and hours otthe Bakery Manager are in our Manuals You must interna us in writing otyour Bakery Managers and any successors. We must approve your Bakery Managers. Your Bakery Managers must oomplete the InitialTraining Program to our satistaction AfferaBakeryManageBsdeath,disahility, or termination ot employment, you must immediately notity us, and you must designate a successor or acting Bakery Manager within 3C days It you tail to do so and do not cure, we can terminatethe FranchiseAgreement It you operate an Express Bakery located in a Flost Facility, the Bakery manager may he the same managertortheFiost Facility ltyouareahusinessentity,the Bakery Manager need not have any equity interest in you. We do not reoommendinvestmentinaCinnahonBakery tor investors interestedin an absentee management husiness FOOPage55

Cinnahon Franchise Oisclosure Oocument A^pe^ons affiled with yoo m^ Franohiso Agroomont and Sohed^ proprietary intormation oontidentiai(see item 14)

Aii persons who own eqoity in yoo most sign oor Goaranty ot Fayment and Fertormanoe (SohedoieCto the Franchise Agreement and SohedoieOto theTerritory Agreement)

ITEM^

RESTR^ONSONWHATTHEFRANC^SEEMAYSELL

Yoo most otter and seii aii servioes, prodoots, and programs that we reqoire yoo to seii and that are part otthe System, or that we incorporate into the System in the totore We may add to, deiete trom, or modity the services, prodocts, and programs that yoo oan and most otter Yoo most ahide hy any additions, deletions, and moditications, hot oniy itthe changes do not materiaiiy and onreasonahiy inorease yoor ohiigations onder the Franchise Agreement.

The Approved Location wiii he osed soieiy tor the porpose otcondoctingaOakery and not tor any other porpose oniess we provide oor express prior written consent to yoo

Yoomaynotseiianymenoitem,prodoct, service,or program that is notapart otthe System withoot oor prior written approval Yoo may not ose the Oinnahon name or Proprietary Marks tor any other hosiness Yoo may not condoct any hosiness other than the hosiness contemplatedhy the Franchise Agreement trom yoor Oakery withoot tirst ohtaining oor written consent

Yoo most participate in oor Oitt Oard Program and most have avaiiahle tor saie to costomersa sotticientnomherotgitt cards to meet the demands ot yoor Oakery Oiff cards may change in styleand design periodically^ themostcorrentaothorized version most he avaiiahle in the Oakery doring the term otthe Franchise Agreement Yoomost also accept tor payment gitt card(s) presented as payment tor porohases made trom the Oakery Yoo are also reqoired to porchase or leasetheeqoipmentand services neededtoimplementaOittOard Program

Yoo may only sell Oinnahon prodocts and services at retail trom yoor Oakery, and yoo may not engage in the wholesale sale or distrihotionot any Oinnahon prodoct, service,eqoipment,or other component, or any related prodoct or service, withoot tirst ohtaining oor written consent Yoo may not sell Prodocts throogh the Internet or osing any channel otdistrihotion other than yoor Oakery withoot tirst ohtaining oor written consent.

Yoo may notsell, harter, orexohangethe Proprietary Prodocts orother proprietary items incloding giff oards at wholesale or retaii onder any condition. It yoo engage in any wholesale or retail sale,harter,or exchange ot any qoantityot Proprietary Prodocts or other proprietary items to another Oinnahon tranohisee or to any other person or entity, we oan terminate the Franchise Agreement immediately on notice to yoo.

In preparing, dispensing, and selling Oinnahon prodocts, yoo may ose only prodoct components,ingredients,tlavoring,and garnishes that meet oor thencorrentregoirements and speeitieations Yoo most prepare all Oinnahon prodocts in strict accordance with oor standards, speeitieations, teohniqoes and prooedores. In dispensing the Oinnahon prodocts, yoo may ose oniy containers, cartons, hags, hoxes, napkins, and other paper goods and packaging hearing

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Cionaboo Franchise OisciosoreO^ our then-currently approved text and designs, and that otherwise meet our then-current requirements, specifications, and quality standards.

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Cinnabon Franchise Disclosure Document at oi.2oi3waQ4.01.2Q14 ITEM 17

RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION

THE FRANCHISE RELATIONSHIP

This table lists certain important provisions of the Franchise Agreement, Territory Agreement and related agreements. You should read these provisions in the agreements attached to this Disclosure Document.

The Express Addendum only applies to Express Bakeries.

Section In Franchise Agreement or Express Provisions Addendum Summary a. Length ofthe Section 3.1 of 20 years franchise term Franchise Agreement Number 2 of 5 years Express Addendum b. Renewal or Section 3.2 of 20 years if you comply with our renewal requirements extension of the Franchise term Agreement Number 3 of 5 years if you comply with our renewal requirements Express Addendum c. Requirements Section 3.2 of You must satisfy these requirements to renew: for you to renew Franchise a. Timely request renewal. or extend Agreement; b. Complete renewal application. Numbers 4 c. Have been in substantial compliance with Franchise and 5 of Agreement. Express d. Remodel, refurbish and renovate the Bakery. Addendum e. Relocate the Bakery if necessary to meet our then-current standards, f. Sign and return your Renewal Franchise Agreement (which may be materially different from the terms contained in the Franchise Agreement attached to this Disclosure Document). g. Pay the renewal fee. h. Have a general release signed by you and your guarantors and owners. d. Termination by Section 20.1 of None you Franchise Agreement e. Termination by None None us without cause

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Cinnabon Franchise Disclosure Document 11.2014 Section in Franchise Agreement or Express Provisions Addendum Summary Termination by Section 20 of We may terminate only if you default. us with cause Franchise Agreement g. "Cause" defined Section 20.3 of You have 24 hours to cure if: - curable Franchise a. You refuse us permission to inspect or audit. defaults Agreement b. A threat or danger to public health or safety results from your continued operation ofthe Bakery. c. Any dilution or adulteration of products at the Bakery, or any misrepresentation, substitution, or palming off of non-Cinnabon products from the Bakery operated under the Franchise Agreement.

d. You fail to comply fully with all laws.

You have 5 days to cure if: a. You sell, barter, or exchange the Proprietary Products or other proprietary items at wholesale or retail. b. You fail to secure an Accepted Location within the required time limits and procedures or fail to open on time. c. You fail to comply with the in-term covenant not to compete. You have 10 days to cure if: a. You fail to pay any of your debts to us, our affiliates or others b. You do not obtain personal covenants required under the Franchise Agreement. c. You have an uncured default in any other agreement, including a mortgage or lease for the Bakery. d. You default under your lease or lose possession ofthe Accepted Location.

You have 30 days to cure if: a. You do not maintain the required financial records. b. You breach any other provision of your Franchise Agreement.

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Cinnabon Franchise Disclosure Document 0'i.oi.2oi3va04.01.2Q14 Section In Franchise Agreement or Express Provisions Addendum Summary h. "Cause" defined Section 20.2 On notice to you: - non-curable of Franchise a. You violate restrictions on use of Confidential Information, or defaults Agreement fail to obtain the required additional covenants. b. You copy or permit anyone else to copy any part of the Manuals. c. You (or any principal of a corporation, partnership, or proprietorship franchisee) are convicted of a felony, fraud, etc. d. You abandon the Bakery. eAfter curing a default, you commit the same or similar default again within 12 months. f. You become insolvent, become subject to bankruptcy, make an assignment for creditors, subject to a receiver, have unpaid judgments, subject to attachment proceedings or execution of levy, or un-dismissed foreclosure. g. Your (or any principals of a corporation, partnership, or proprietorship franchisee) assets, property, or interests are blocked under any law, ordinance or regulation related to terrorist activities or you (or any principal of a corporation, partnership, or proprietorship franchisee) violate any regulation law, or ordinance related to terrorist activities.

Number 2Q2JL On notice to you: of Express a. You fail to comply with the franchise agreement for your Host Addendum Facility or the franchise agreement for your Host Facility terminates or expires. b. The Host Facility's brand deteriorates in quality or reputation and is damaging the Cinnabon brand and Proprietary Marks,

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Cinnabon Franchise Disclosure Document 01.01.2013vaQ4.01.2014 Section in Franchise Agreement or Express Provisions Addendum Summary Your obligations Section 21 of a. Stop using our Proprietary Marks, Confidential Information, on Franchise trade secrets, and Manuals. termination/nonr Agreement; b. Immediately deliver to us all materials related to the System enewal Numbers £L and your copies of any of the Manuals. and 32 and- c. Immediately cancel all assumed name registrations. 33-ofthe d. Within 5 days, pay all sums owing to us and our affiliates. Express e. Immediately de-identify the Bakery as our franchisee or Addendum former franchisee. f. Immediately comply with non-competition covenants in the Franchise Agreement. g. Stop using the telephone numbers listed in directories under the name "Cinnabon" or any confusingly similar name. h. Immediately sign agreements necessary for termination. i. Pay all liquidated damages due us. j. If we choose not to take over (or to have another franchisee take over) the Bakery, redecorate and remodel it to distinguish it from a Cinnabon Bakery. k. In 15 days, arrange with us for an inventory by us, at our cost, of personal property, fixtures, equipment, inventory and supplies. We will have the option for 30 days after termination or expiration to buy these at the lower of depreciated book value or fair market value. Except for Express Bakeries, if we terminate for cause, we can take possession of the Bakery and require that you assign to us or our designee your interest in the lease for the Bakery. If you dispute the termination, then we can operate the business until final court determination. Ifthe court decides termination was invalid, we must make a complete accounting for the period when we operated the business. j. Assignment of Section 19.6 of We can assign if the assignee is capable of performing our contract by us Franchise obligations under the Franchise Agreement, and agrees to Agreement; perform these obligations. Number of Express Baker yAddendum k. "Transfer" by Section 19.1 of Any assignment, subfranchising, sublicensing, sale, transfer or you - defined Franchise share of: (i) your rights under or interest in the Franchise Agreement; Agreement; (ii) the Bakery or any interest in it; (iii) the Number 2524= Franchisee, if an entity; (iv) any interest in a Franchisee entity; of Express or (v) any interest in any entity that directly or indirectly controls Addendum a Franchisee entity. I. Our approval of Section 19.1 Neither you nor other owners of the interests described in k. your transfer and 19.3 of above can transfer without first obtaining our written approval. Franchise Agreement

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Cinnabon Franchise Disclosure Document oo.oi.2oiava04.01.2014 Section In Franchise Agreement or Express Provisions Addendum Summary m. Conditions for Section 19.3 of a. You must provide us at least 90 days' notice of the proposed our approval of Franchise Transfer. transfer Agreement; b. You must pay all amounts you owe us and our affiliates. Number 2625_ c. You have not been, during the term of the Franchise of Express Agreement, in default under the Franchise Agreement or any Addendum other agreement with us, or any of our designated suppliers (third-party without curing such default within the time period specified. transfers) d. You may not be in default under the Franchise Agreement or any other agreement with us, or any of our designated suppliers at the time of the proposed transfer. e. Transferee and proposed Bakery Manager must attend and successfully complete training before transfer, at transferee's expense. f. Transferee must meet our then-current requirements for new franchisees, including our requirements for proficiency in the English language. g. Transferee agrees to upgrade and remodel Bakery to conform to our then-current standards for quality and appearance and trade dress. h. Transferee must sign our then-current Franchise Agreement, which mav contain terms materially different than vour Franchise Agreement. The term of new Franchise Agreement will expire on the date of expiration of the Franchise Agreement. i. You and your guarantors and owners must sign a general release. j. You must give us a copy of the signed assignment contract. k. You pay us a transfer fee. I. You must comply with our right of first refusal.

Number 2521 If your Express Bakery is located in a Host Facility, you must of Express also transfer the Host Facility with your transfer under the Addendum Franchise Agreement.

Section 19.4 of a. You give us prior written notice of the transfer. Franchise b. The related party assumes in writing the Franchise Agreement. Agreement c. You may not be in default under the Franchise Agreement. (related-party d. You pay us a transfer fee. transfers) e. You and your guarantors and owners must sign a general release.

Our right of first Section 19.5 of We can match any offer for your Franchise Agreement; your refusal to Franchise Bakery; the Franchisee, if an entity; any interest in a Franchisee acquire your Agreement entity; or any interest in an entity controlling a Franchisee entity. business This provision will be deleted for an Express Bakery Franchise Agreement.

Number 2§2L Above not applicable for an Express Bakery. of Express Addendum

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Cinnabon Franchise Disclosure Document (M.oi.2oi3v2Q4.Q1.2Q14 Sections Franchise Agreementor Express Protons Addendom Summary o Our option to Section2t4C Wemaypurchaseyourpersonalpropertytixtures, eguipment, purohase your ot Franchise inventory, and supplies related to the Bakery at the iesserot husiness Agreement depreciated hook value or tair market value This provision will he deleted tor an Express Bakery Franchise Agreement.

Numher^^ Ahove not applicahie tor an Express Bakery^ ot Express Addendum p Your death or Section19^ot On your death or permanent incapacity your rights pass to your disahiiity Franchise "EstateBYour Estate may continue operating the Bakery itit Agreement provides an acceptahle Bakery Manager Ycur Estate must transfer your right toahuyerthat we approve,who must successtullycompleteourlnitialTraining Program and assume tull^time operation otthe tranchise within one year otyour death or disahility q Noncompetition Section 18ot No involvement in competing husiness (cinnamon rolls or covenants Franchise cinnamon hased products and/or similartypesothakeries that during the term Agreement otter the same or similar products) anywhere You will not otthetranchise employ or seek to employ an employee ot another tranchisee or one ot our employees, or attempt to induce the person to cease his orheremploymentwithoutthe priorwritten consent otthe person's employer r Noncompetition Section18^S No involvement in competing husiness (cinnamon rolls or covenants atter ot Franchise cinnamon hased products and/or similartypesothakeries that the tranchise is Agreement otter the same or similar products) tor12months at the Bakery terminated or location,within^mile radius otyour Bakery, or within^milesot expires any other Oinnahon Bakery s Moditication ot Sections^ No oral moditications, hut we can change the Manuals the agreement 10BIBI0^^3 25^and253 otFranchise Agreement t Section 252ot Only the terms ot the Franchise Agreement and related Integration/ Franchise agreements are hinding (subject to state law) Any merger ciause Agreement representations or promises outside ot the Oisclosure Oocument and Franchise Agreement may not he entorceahle u. Dispute Section 22Blot Most disputes must he resolved hy arhitration resolution hy Franchise arhitration or Agreement mediation v Choice ottorum^ Section 22Blot Subject to state law, currently arhitration or lawsuit must he in Franchise Oeorgia. Agreement w Choice otiaw^ Sections186 Subjectto state law, Georgia law appliesto all disputes except and255ot those related to the non-competition covenants, which will he Franchise governed by the laws otthe state in which your Bakery is Agreement located

FOO Page 63

^in^b^Fr^^i^Di^lo^re Oocument 0101 201^04 012014 FDD Page 64

Cinnabon Franchise Disclosure Document o.i.oi.2oi3*2D4.Q1.2Q14 SATELLITE RETAIL UNIT ADDENDUM Provision Section In the Summary

y\'.^arf.-! ': ' ' • • Addendum a. Length ofthe SRU None Length of term is dependent on Franchise Agreement Addendum term term. b. Renewal or extension None of the term c. Requirements for None franchisee to renew or extend d. Termination by Section 11 You must give us 30 days' advance written notice. franchisee e. Termination by Section 11 We may terminate the SRU Addendum with 30 days' Cinnabon prior written notice to you. f. Termination by Section 12 Any violation of the provisions of the SRU Addendum Cinnabon with cause constitutes a breach of the Franchise Agreement. g. "Cause" defined- None Any violation of the provisions of the Franchise curable defaults Agreement constitutes a breach of the SRU Addendum. h. "Cause" defined -non None Any violation of the provisions of the Franchise curable defaults Agreement constitutes a breach of the SRU Addendum. i. Franchisee's None obligations on termination/non-renewal j. Assignment of contract None by Cinnabon k. "Transfer" by None franchisee-defined m.Cinnabon's approval of None transfer by franchisee m. Conditions for None Cinnabon's approval of transfer n. Cinnabon's right of None first refusal to acquire franchisee's business o. Cinnabon's option to None purchase franchisee's business p. Death or disability of None franchisee q. Non-competition None covenants during the term of the franchise r. Non-competition None covenants after the franchise is terminated or expires s. Modification of the None agreement t. Integration/merger None clause FDD Page 65

Cinnabon Franchise Disclosure Document oi.oi.2oi3vaP4.Q1.2014 Provision Seqtlon In the Summary SRU Addendum u. Dispute resolution by None arbitration or mediation v. Choice of forum None w. Choice oflaw None

TERRITORY AGREEMENT

Section in Territory Provisions Agreement Summary a. Length of the Section 5 and Agreement terminates on date of our acceptance and execution franchise term Schedule B of a Franchise Agreement for the last Bakery to be established (Development under the Development Schedule. Schedule) of Territory Agreement b. Renewal or None None extension of the term c. Requirements None None for you to renew or extend d. Termination by None None you e. Termination by None None us without cause f. Termination by Section 8 of We may terminate only if you default. us with cause Territory Agreement g. "Cause" defined Section 8.3 of You have 30 days to cure if: - curable Territory a. You fail to enter into Franchise Agreements with us as defaults Agreement required under the Territory Agreement. b. You fail to comply with any other term and condition of the Territory Agreement. c. You make or attempt to make a transfer or assignment in violation of the Territory Agreement. d. You fail to comply with the terms and conditions of any individual Franchise Agreement with us, or of any other agreement to which you and we are parties. h. Cause defined Section 8.2 of Automatic termination if: - noncurable Territory a. You become insolvent, become subject to bankruptcy, make defaults Agreement an assignment for creditors, subject to a receiver, have unpaid judgments, subject to attachment proceedings or execution of levy, or un-dismissed foreclosure. b. You make a material misrepresentation to us at any time.

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Cinnabon Franchise Disclosure Document oi.oi.aoi3v3Q4.01.2014 Sections Territory Protons Agreemeot Summery i Yoor oblations Seotion 8^ of Yoo most oease establishing or operating any Oinnahon Oakery Territory forwhiohaFranohise Agreement has not heen exeootedhy os tormioatioo/ooo Agreement rooowal j Assigomootot Seotion95of We oan assign if the assignee is oapahleot performing oor oootraotbyOs Territory ohiigations undertheTerritoryAgreement, and agrees to Agreement perform these ohiigations k ^rao^Bby SeotiongBlof Any assignment, suhfranohising,suhlioensing, sale, transfer or yoo^defiood Territory share ot:(i) your rights under or interest in theTerritory Agreement Agreement; (ii) the Oeveloper,it an entity; (iv) any interest ina Oeveloper entity; or (v) any interest in any entity that directly or indirectly oontrolsaOeveloper entity 1 Oor approvalof Seotions^Bl Neither you nor other owners otthe interests descrihed ink yoor transfer and 9.3 of ahove can transfer without tirst ohtaining our written approval Territory Agreement m Conditions for Seotion93of a You must give us at least 90 days'prior written notice ofany oor approval of Territory proposedTransfer transfer Agreement h. You must pay all amoonts yoo owe os and our affiliates (third-party c You have not heen in default under theTerritory Agreement or transfers) any other agreement during the term ottheTerritory Agreement d Transferee must attend and successfully complete training hetore transfer,at transferee's expense e Transferee must meet our then current reguirements tor new developers, including our reguirements tor proficiency in the English language f. TranstereemustsignourthencurrentTerritoryAgreement Theterm otnewTerritory Agreement will expire on the date of expirationof yourTerritory Agreement g. You and yourguarantors and owners must sign a general release h You must give usacopy otthe signed assignment contract i Youpayusatranstertee Seotion94of aYou give us priorwritten notice ofthe transfer Territory h The related party assumes in writing theTemtory Agreemeot. Agreement c You may not he in default undertheTerritory Agreement (related-party d Youpayusatranstertee transfers) e You and your guarantors and owners must sign a general release.

n Oor right of first None None refusal to aogoireyoor hosiness o. Oor option to None None purohase yoor husiness

F00Page67

Oinnahon Franchise Oisclosure Oocument^ oi ^^204012014 Sections Territory Prov^lons Agreemeot Summery p Yoor death or Section92ot Uponlyeartrom yoor death or permanent incapacity yoo most disah^ty Territory transfer aii rights and interests to hoyer that we approve provided Agreement each person ohtaining interest:^iscapahieot conducting the ohiigations onder theTerritory Agreement;^) signs torm personal covenants agreement; and (iii) signs torm personal goaranty d Non Section103ot No involvement in competing hosiness anywhere Yoo torther oompetitioo Territory agree that yoo will not employ or seek to employ an employee ot ooveoaots Agreement oors or another tranchisee, or attempt to induce soch employee doring the term to cease his/her employment withoot the prior written consent ot otthe tranohise such employee's employer r Non Section No involvement in competing hosiness (similar types othakeries competition otTerritory that otter the same or similar prodocts) tor t2 months at the covenants atter Agreement Accepted Location,within^milesot any Oinnahon Bakery, or the tranchise is within^miles otyour Bakery terminated or expires s Moditication ot Section152ot No oral moditications, hut we can change the Manuals the agreement Territory Agreement t Section152ot Cnlytheterms ottheTerritory Agreement and related Integration Territory agreements are hinding (suhject to state law) Any /merger Agreement representations or promises outside otthe Oisclosure Oocument ciaose andTerritory Agreement may not he entorceahle o Oispote Section 12Biot Most disputes must he resolved hy arhitration resoiotionhy Territory arhitration or Agreement mediation v Choice ot Section12Blot Subject to state law, currently,arhitration or lawsuit must he in torom^ Territory Ceorgia Agreemeot w Choice otiaw^ Sections1C3 Subject to state law, Ceorgia law applies; provided, however, and155ot that any dispute hetween you and us related to the non Territory competition covenants ot Section 103will he governed and Agreement entorced hy the laws otthe state in which your Bakery is located

A provision of a Franchise Agreement or Territory Agreement that terminates the Franchise Agreement or Territory Agreement if you seek relief granted by the Bankruptcy Code may not be enforceable under federal bankruptcy law (11 U.S.C. Sec 101 etseq.).

* Applicable state law may require additional disclosures on the information in this Disclosure Document. These additional disclosures appear in Exhibit I attached to this Disclosure Document.

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Cinnabon Franchise Disclosure Document a* QI.3oi3tfa04.01.2Q14 ITEM 18

PUBLIC FIGURES

We do not use any public figure to promote our franchises.

ITEM 19

FINANCIAL PERFORMANCE REPRESENTATIONS

The FTC's Franchise Rule permits a franchisor to provide information about the actual or potential financial performance of its franchised and/or franchisor-owned outlets, if there is a reasonable basis for the information, and if the information is included in the Disclosure Document. Financial performance information that differs from that included in Item 19 may be given only if: (1) a franchisor provides the actual records of an existing outlet you are considering buying; or (2) a franchisor supplements the information provided in this Item 19, for example, by providing information about possible performance at a particular location or under particular circumstances.

Other than this Item 19. we do not make anv financial performance representations. We also do not authorize our employees or representatives to make anv such representations either orally or in writing. If vou are purchasing an existing outlet, however, we mav provide vou with the actual records of that outlet. If vou receive anv other financial performance information or projections of vour future income, vou should report it immediately to the franchisor's management bv contacting the Leoal Department. Cinnabon. Inc.. 200 Glenridge Point Parkway. 404-255-3250. Suite 200. Atlanta. GA 30342. Tho following tables present information about tho annual salos, during our fiscal year ended Docomber 30 2012, of Bakorios in enclosed mall locations that woro open throughout tho ontiro fiscal year.

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Cinnabon Franchise Disclosure Document oi.Qi.2oi3vaQ4.Q1.2Q14 >TRIBUTION OF AN I A nev franchisee's individual financial results are likely to difter from the results stated in the financial performance representation. s Only: Full Bakorio; YWL ales will be affected by your own operational ability, which mav include vour experience with nanaoino a business, vour capital and financing fincluding working caoitah. co itinual trainir a of vou and vour staff, customer service orientation, product quality, vour busines s plan and tt e use of experts, e.g.. an accountant, to assist vou with vour business plans. Your ales mav be affected bv franchise location and site criteria, including traffic coun MM household income, residential and/or davtime populations, ease of ingress and egress, D arkina ir sign, physical condition of premises, number and type of other businesses aroun i vour location, competition, inflation, economic conditions, seasonal con iitions (particularly in colder climatesV inclement weather (e.g.. hurricanes^, chances in the Honeland Securtv threat level etc.

Writte 1 substantiation for the financial performance representation will be made available to the Proso ctive franchisee upon reasonable request.

We encourage you to consult with your own accounting, business, and legal advisors to assist mU prepare vour budgets and projections, and to assess the likely or potentiaLfil ancial oerfor nance of vour franchise. We also encourage vou to contact existing franchis mJQ discu s their experiences with the system and their franchise business. Notwithstandi io the infornr ation set forth in this financial performance representation, existing franchisees (f ours are vc ur best source of information about franchise operations. MM 1 through 7 present net sales or average net sales, average expenses and avers qe net opera ina income figures for our fiscal year ended December 29. 2013 for a majc Cinna )on franchises that operated under the same ownership for the entire vear. obtaine J from report %d sales or the unaudited profit and loss statements submitted bv Cinnabon franc! isees The hotes which follow each table apply to that table and should be read in conjunction witbjbm inforrr ation contained in the table.

As used throughout the following Tables 1- 7. the following definitions apply:

Net Sales - Net Sales includes, without limitation, monies, gift card redemptions or credit received from the sale of food, beverages, and merchandise, from tangible property of every kind and nature, promotional or otherwise, and for services performed from or at the Bakerv. including without limitation off-premises services such as catering and delivery. Net Sales will not include the initial sales or reloading of oift cards, coupon discounts, the sale of food or merchandise for which refunds have been made in good faith to customers, the discounted portion of employee meals, the sale of eouioment used in the operation of the Franchised Business, nor will it include sales, meals, use or excise tax imposed bv a governmental authority directly on sales and collected from customers; provided that the amount for the tax is added to the selling price or absorbed therein, and is actually paid bv vou to a governmental authority.

Cost of Goods Sold - Cost of Goods Sold (sometimes referred to as COGS) is a figure which reflects the cost of materials used to produce the products vou sell to vour customers. It includes the cost of food ingredients (dough, frosting, beverages, etc.), paper products (CUPS. naokins. bags, straws, etc.) and retail items (Cinnabon cinnamon. etc.V

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Cinnabon Franchise Disclosure Document oi.oi.zoiav: Gross Profit - Gross Profit is Net Sales minus Cost of Goods Sold.

Operating Expenses - Operating expenses are the dav-to-dav costs incurred in conducting normal business operations.

Labor - Labor includes wages paid to vour employees: payroll taxes paid for vour employees: and actual wages and related expenses vou pav to yourself.

Rent - Rent includes the base rent for vour lease including extra charges, such as common area maintenance (CAIW charges, real estate taxes, percentage rents, etc.

Other Expenses - Other expenses include such things as utilities (electric, telephoned royalties, ad fund fees, advertising, insurance (Workers' Comp. property, casualty, liability. health. etc.V licenses, permits, repairs, uniforms, store supplies, etc.

Total Expenses - The total of Labor. Rent and Other Expenses

Net Operating Income - Gross Profit minus Total Expenses

We include the following Regions, and their respective states, in the information presented in Tables 1 - 7:

a. Northeast Region: (\) Connecticut: (\\) District of Columbia: (iiii Delaware: (iv) Marvland: M New Hampshire: fvh New Jersey: (vih New York: (viii) Pennsylvania: (ix) Rhode Island: (x) Virginia: and (xi) West Virginia.

L Southeast Region: (i) Alabama: (ii) Arkansas: (iii) Florida: (iv) Georgia: (v) Louisiana: (vi) Mississippi: (vii) North Carolina: (viii) South Carolina: (ix) Tennessee: and (x) Texas.

0, Midwest Region: (i) Iowa: (ii) Illinois: (iii) Indiana: (iv) Kansas: (v) Kentucky: (vi) Michigan: (vii) Minnesota: (viii) Missouri: (ix) North Dakota: (x) Nebraska: (xi) Ohio: (xii) Oklahoma: (xiii) South Dakota: and (xiv) Wisconsin.

± West Reoion: (i) Alaska: (ii) Arizona: (iii) California: (iv) Colorado: (v) Idaho: (vi) Montana: (vii) New Mexico: (viii) Nevada: (ix) Oregon: (x) Utah: (xi) Washington: and (xii) Wyoming.

Table 1

Net Sales Range 2013 Fiscal Year - Various Venus (which are not co-branded with another business) ALL REGIONS

Enclosed Travel 2013 Convenience Airports MlWaqt Entertainment Other MRUs Plazas

179 12 m u z i Z r^.j.Tt-jiWr,; Sia&SBL Annual Salos [.ii;c:;J^IiCiiL SMJ^m Number of High Sales 40 (000- • M , Franchised and Z3 FDD Page 71

Cinnabon Franchise Disclosure Document CM oi ;?oi3v3Q4.01.2014 om^^^^ $t t Company Ownod 2 ^ UBite$1,494.915.94 ^ z^i < » t $600 and £87 367.9 Low Sales £105,696.41 WG48.703.21 285409,054 42 - 2 $500-599 47 Average. $400- $292,998. Saies 3395,848.21 408141,051.16 38*665,764.14 $300 399 24.63% 50 $200 299 OL 44 % of Stores at or Above Average 42.46% $100 109352g% 2750.00% 57.14% # of Stores at or Above Average m -$4406 Tetal 100.0% 203

Arithmetic Average Arithmotio Avorago Franchised and Company Owned Franchised and Company Owned (Full) (Express) Media n= $361.876. ^i^r $?QG 909 00 a&46, ssr Sales s ci -mgmM Salos Rango Full Bakeries and Express Bakeries Franohisod and Company Owned

The following notes form an integral part of the above tables. Notes to Table 1:

j_ 4 The Bakeries whose results are reflected in the tables above were in operation continuously throughout our fiscal year ended December 302£, 2012.2013 Results of Bakeries that either opened or closed during this period are not included.

2 Results of Bakeries that either opened or closed during this period aro not included. Of the Bakeries that were open throughout the entire fiscal yoar, (i) there were 203 Bakeries located in tho confines of shopping malls; (ii) 66 Full Bakeries and Express Bakorios located in othor vonuos; and (iii) 166 fractional franchiso (i.e., co branded) or test units. The FDD Page 72

Cinnabon Franchise Disclosure Document oi.oi.20i3vaQ4.01.2Q14 information in this Itom is for Bakeries located within tho confinos of shopping malls, not Bakeries located in any other venues.—Of the 203 Bakeries, 86 Bakeries (42%) met or id the $391,391.59 arithmetic average.

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Cinnabon Franchise Disclosure Document o-i.oi.2oi3v2D4.01.2014 Approximately 60% of Cinnabon franchises, which are not co-branded with another location) are located in enclosed malls. THE FOLLOWING TABLES RELATE ONLY TQ CINNABON FRANCHISES OPERATED IN ENCLOSED MALLS and do not include franchises operated in convenience stores, travel plazas, airports, military bases. entertainment venues, amusement parks, casinos, train stations, or anv other alternative locations.

3 As shown in tho tabloo abovo, sales volumes vary oonoidorably due to a varioty of factors, such as domographics of the Bakery trado aroa; competition from other restaurants in the trade area; traffic and traffic flow accossibility and visibility; mall traffic; oconomic conditions in the Bakory trade aroa; advertising and promotional activitios; and the business abilities and efforts of tho management of tho Bakory. Your individual financial results may differ from the results statod in this Item 19. Table 2

4 Somo of the results shown aro for franchiso Bakorios and thoso results have boon takon from sales reports submitted by franchisoos.—We have not audited thoso sales reports, but have no information or other reason to believe that thoy aro unreliable.—TNs financial performanco roprosentation also doos not include the cost of sales, operating expenses or any othor costs that must bo deducted from gross rovonuo figures to obtain your not income or profit.—You should conduct an indopondent investigation of tho costs and expenses you will incur in operating your Bakory. Franchisees or former franchisoos, listed in exhibits to this Disolosuro Documont, may bo ono source of this information. Net Sales of Franchises in Operation for All 12 Months of 2013 By Sales Range - Systemwide - Enclosed Malls ALL REGIONS

6 These salos figures aro for spocific franchiso and company owned Bakorios and should not bo considorod as tho actual or potential sales that will bo aohiovod by any other franchise Bakory. We do not roprosont that any franchisee oan expect to attain these sales results. Actual results vary from Bakery to Bakery and wo cannot estimate the results of any specific Bakery. A now franchisee's results are likoly to be lower than the results shown above. We recommend that you mako your own independent investigation to dotormine whether or not the franchise may be profitable, and consult with an attorney or other advisors before signing any Franchiso Agroomont.

Number of Sales Ranae Hiah Lsm Franchises 1 $600,000 and up 25 2 $500,000 $599,999 14 2 $400,000 $499,999 36 A $300,000 $399,999 4Z 5 $200,000 $299,999 24 fi $100,000 $199,999 22 1 up to $99,999 Q Total 122

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Cinnabon Franchise Disclosure Document oi 2013*204 01 2014 Tho following table prooonts information about tho annual sales, during our fiscal year ended December 30, 2012, of Express Bakorios located in Schlotzsky's Restaurants that woro open throughout the entire fiscal year.

Averaae Net Sales $395.848.21 (76 franchises, or 42.46%. were at or above this figure)

Median Net Sales $361.876 00 (90 franchises, or 50.28%. were at or above this figure)

Notes to Table 2: 1 As of December 29. 2013. there were 216 enclosed mall Cinnabon locations. Of those. 179. or 82.87%. Cinnabon locations within enclosed malls were open for business from December 31. 2012 through December 29 2013 and are included within the information contained in Table

Z This table does not include 38 enclosed mall locations which were not open for the entire 2013 fiscal vear.

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Cinnabon Franchise Disclosure Document o<\ oi 3oi3v204.01.2014 Table 3

Average Net Sales and Net Operating Income as a Percentage of Averaae Net Sales for 2013 Fiscal Year - Systemwide - Malls ALL REGIONS

% of Bakeries at #of Bakeries at ALL REGIONS Average % of Net Sales or Above or Above Average Net Sales S447.257.63 100.00% 39.78% 31 Cost of Goods Sold $107,960.68 24.14% 44.09% 41 Gross Profit $339.296.94 75.86% 37.63% 35

Operating Expenses Labor $122,891.80 27.48% 44.09% Al Rent $91,254.42 20-40% 39,78% 32 Other Expenses $76,531.16 17.11% 41.94% 39 Total Expenses $290,677.38 64.99% 45.16% 42

Net Operating Income $48619.57 10.87% 45.16% 42

Averaae Net Sales $450.519.86 (40 franchises, or 43.96%. were at or above this figured

Median Net Sales $406.968 00 (46 franchises were at or above this figure)

Notes to Table 3:

:L As of December 29. 2013. there were a total of 216 Cinnabon locations operating within enclosed malls. Of those 216 locations. 161 operated under the same ownership and were open for business from December 31. 2012 through December 29. 2013. This table does not include 55 enclosed mall locations which were neither under the same ownership nor open for the entire 2013 fiscal vear. Of those 161 locations. 91 (representing 56.52% of the 161) are included within the information contained in Table i

2, We have not included financial information in Table 3 for an enclosed mall location if: (i) the franchise was not in operation for the entire 2013 fiscal year; (ii) the ownership of the franchised location changed during the 2013 fiscal vear: or (iii) the franchisee submitted late, incomplete, or illegible financial information or submitted such information in an unacceptable format.

2, Rent includes the base rent for vour lease including extra charges, such as common area maintenance (CAM) charges, real estate taxes, percentage rents, etc. Your actual rent as a percentage of sgles may vary considerably from the estimates shown, depending on many factors includina the size of the premises, the site's condition, its location, demand for the site, and the requirements of individual landlords. Rent as a percentage of sales ranged from 5.96% to 41.60% from the financial information included in Table 3.

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Cinnabon Franchise Disclosure Document oi oi 2013*204 01 2014 Table 4

Averaae Net Sales and Net Operating Income as a Percentage of Averaae Net Sales for 2013 Fiscal Year - Systemwide - Malls NORTHEAST REGION

% of Bakeries at # of Bakeries at or Above or Above ALL REGIONS Average % of Net Sales Average NeLSales $497,823.78 100.00% 47.06% fi Cost of Goods Sold $119,753.29 24.06% 47.06% a Gross Profit $378,070.49 75.94% 47.06% &

Ooeratino

Labor $137,475.06 27.62% 47.06% a Rent $113,411.52 22.78% 41.18% z Other Exoenses $94,967.73 19.08% 41.18% z Total Expenses $345,854.30 69.47% 41.18% z

Net Ooeratino Income $32,216.19 6.47% 4LQfi% fi

Averaae Net Sales S535.074.42 (8 franchises, or 66.67%. were at or above this figure)

Median Net Sales $480.324 03 (6 franchises were at or above this figure)

Notes to Table 4;

1 As of December 29. 2013. there were a total of 49 Cinnabon locations operating within enclosed malls in the Northeast Region. Of those 49 locations. 36 operated under the same ownership and were open for business from December 31. 2012 through December 29. 2013. This table does not include 13 enclosed mall locations which were neither under the same ownership nor open for the entire 2013 fiscal vear. Of those 36 locations. 12 (representing 33.33% ofthe 36) are included within the information contained in Table 4.

& We have not included financial information in Table 4 for an enclosed mall location if: (i) the franchise was not in operation for the entire 2013 fiscal vear: (ii) the ownership of the franchised location changed during the 2013 fiscal vear: or (iii) the franchisee submitted late. incomplete, or illegible financial information or submitted such information in an unacceptable format.

1 Rent includes the base rent for vour lease including extra charges, such as common area maintenance (CAM) charges, real estate taxes, percentage rents, etc. Your actual rent as a percentage of sales may vary considerably from the estimates shown, depending on many factors including the size of the premises, the site's condition, its location, demand for the site, and the reguirements of individual landlords. Rent as a percentage of sales ranged from 13.19% to 40.33% from the financial information included in Table 4.

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Cinnabon Franchise Disclosure nnnument na m ?oi^04 01 2014 Table 5

Average Net Sales and Net Operating Income as a percentage of Averaae Net Sales for 2013 Fiscal Year - Systemwide - Malls SOUTHEAST REGION

# of Bakeries at or Above AveraaeArithmetic %of Average ALL REGIONS Average % of Net Bakeries at Sales or Above Average

Restaurants (Co-Branded) 100.00% 5&56% $50,4 925 Cost of Goods Sold $100,030.20 24,92% 55.56% 5 Gross Profit $301,425.27 75.08% 55.56% 5

Operatina. Expenses Labor $105,503.35 26.28% 55.56% 5 Rent $71,939.41 17.92% 33.33% 3 Other Expenses $57,782.18 14,39% 55.56% 5 Total Expenses $235,224.94 5&5a% 44.44% 4

Net OperatiiUL $66,200.34 1649% 44.44% 4

The following notes form an integral part of the abovo table. Netesf 4 The Express Bakorios whoso results aro roflootod in tho table above were in operation continuously throughout our fiscal year ended Docembor 30, 2012.—Results of Express Bakeries that either opened or closed during this period are not included. 3 Results of Express Bakeries located in Schlotzsky's Restaurants that either opened or closed during this period are not included. There woro 166 Express Bakorios located in Schlotzsky's Rostaurants in oporation continuously throughout our fiscal year onded Docombor .30, 2012. Of tho 166 Express Bakeries located in Schlotzsky's Restaurants in this group, 129 Express Bakeries submitted sales reports used to proporo the result above. Of the 129 Express Bakeries located in Schlotzsky's Rostaurants that submitted sales reports, 57 Express Bakorios located in Schlotzsky's Restaurants (44.2%) met or exceeded the $50,492 arithmetic average.—Our affiliate, Schlotzsky's Stores LLC, owned 39 of the 129 Express Bakeries included in the result abovo. 3 Salos volumes vary considerably due to a variety of factors, suoh as domographics of tho Schlotzsky's Restaurant, competition from othor restaurants in tho trade aroa; traffic and traffic flow accossibility and visibility; mall traffic; economic conditions in the Schlotzsky's Restaurant trade area; advertising and promotional activities; and the business abilities and efforts of the managomont of the Express Bakery and Schlotzsky's Restaurant. Your individual financial results may differ from tho results stated in this Itom 19.

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Cinnabon Franchise Disclosure Document o^oi.2oi3v204.01.2014 ^ Somo ofthe reso^s shown orefor^ hove heen tokon from solos reports suhmittodhyfronohiseeo Wo have not auditod those sales reports, hut have no information orother reason to helievo that they are unreliahle.—TNs finanoial porformanoo roprosentation also does not inoludo the oost of salos, operating oxponsos or any othor oosts that must ho doduotod trom gross revenue figures to ohtain your not inoome or profit—You should oonduot an independent investigation of tho oosts and expenses you will inour in operating your Express Bakery. Franohisees or former franohisoos, listod in exhihitstothis Disolosuro Oooument, may ho ono souroo ofthis intormation ^ Thoso sales figure ahoveis for speoifio tranohisoandattiliate owned Express Bakeries and should not he considered as the aotual or potential sales that will ho aohievedhy any other tranohise Express Bakory. Wo do not represent that any franohisoo oan expeot to attain those sales results Actual results vary from Express Bakery to Express Bakory and we cannot ostimato tho results ofany spocific Express Bakory. Anew franchisee's results aro likely to ho lower than tho rosulto shown ahovo—Wo recommend that you mako your own indopondont investigation to dotormino whothor or not tho franohiso may hoprofitahlo, and consult with an attorney or othor advisors hefore signing any Franchise Agreement

On reasonable request, substantiation for the information appoaring in thie Itom will be made availablo to you. Except for the information in this Itom, we do not furnish or authorize our calosporsons to furnish any oral or written information on tho actual, avorago, projoctod or forocastod salos, costs, incomo or profits (tho "Earnings Capability") of a Bakory.—We spocifically instruct our sales porsonnol, agonts and other empioyoos that they aro not pormittod to mako any claims or statomonts ooncorning a spocifio franchisee's Earnings Capability or chances for success. Other than in this Item 19, we do not make any additional representations about a franchicoe's future financial performance or tho past financial porformance of company owned or franchised outlets. Wo also do not authorize our omployoos or represontatives to make any additional roprosentations oithor orally or in writing.—If you rocoivo any additional financial porformance information or projections of your futuro incomo, you should report it to tho franchisor's managomont by contacting Logal Dopartmont, Cinnabon, Inc., 200 Glenridge Point Parkway, Suite 200, Atlanta, GA 30342, tho Federal Trado Commission, and the appropriato state regulatory agoncies.

Averaae Net Sales $409.471.97 (9 franchises, or 62.23%. were at or above this figure)

Median Net Sales $429.885.13 (1 franchises were at or above this figure)

Notes to Table 5: 1 As of December 29. 2013. there were a total of 41 Cinnabon locations ooeratino within enclosed malls in the Southeast Region. Ofthose 41 locations. 31 operated under the same ownership and were open for business from December 31. 2012 through December 29. 2013 This table does not include 10 enclosed mall locations which were neither under the same ownership nor ooen for the entire 2013 fiscal year. Of those 31 locations. 13 (representing 41.94% of the 31) are included within the information contained in Table 5.

Z We have not included financial information in Table 5 for an enclosed mall location if: (i) the franchise was not in operation for the entire 2013 fiscal vear: (ii) the ownership of the franchised location chanced during the 2013 fiscal vear: or (iii) the franchisee submitted late, incomplete, or illegible financial information or submitted such information in an unacceptable format. FDD Page 79

Cinnabon Franchise Disclosure Document 01.01.2013^ Rent includes the base rent for vour lease includina extra charges, such as common area maintenance (CAM) charges, real estate taxes, percentage rents, etc. Your actual rent as a percentage of sales may vary considerably from the estimates shown. depending on many factors including the ste of the premises, the site's condition, its location, demand for the site, and the reguirements of individual landlords. Rent as a percentage of sales ranged from 11.86% to 25.42% from the financial information included in Table 5.

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Cinnabon Franchise Disclosure Document o-i.oi.30i3vaQ4.Q1.2014 Table 6

Average Net Sales and Net Operating Income as a percentage of Averaae Net Sales for 2013 Fiscal Year - Systemwide - Malls MIDWEST REGION

% of Bakeries at # of Bakeries at ALL REGIONS % of Net Sales or Above Averaae Average NeLSales $427,853.92 100.00% 3133% I Cost of Goods Sold $102,157.87 23.88% : 33.33% Z Gross Profit $325,696.05 76,12% 33^3% z

Operatinq Expenses - : > i Labor $119,236.61 27.87% 47.62% Ifl Rent $90,196.92 21.08% 38.10% fi Other Expenses $64,883.63 15.16% 47.62% Ifl $274,317.16 64.11% 38.10% a - NPt Qn^ratino Income $51,378.89 1*01% 42.86% a

Average Net Sales $426.968.51 (7 franchises, or 33.33%. were at or above this figure)

Median Net Sales $360.939.20 (11 franchises were at or above this figure)

Notes to Table 6:

1 As of December 29. 2013. there were a total of 43 Cinnabon locations operating within enclosed malls in the Southeast Region. Of those 43 locations. 40 operated under the same ownership and were ooen for business from December 31. 2012 through December 29. 2013. This table does not include 3 enclosed mall locations which were neither under the same ownership nor ooen for the entire 2013 fiscal vear. Of those 40 locations. 21 (representing 52.50% of the 40) are included within the information contained in Table 6.

& We have not included financial information in Table 6 for an enclosed mall location if: (i) the franchise was not in operation for the entire 2013 fiscal vear: (ii) the ownership of the franchised location changed during the 2013 fiscal year: or (iii) the franchisee submitted late incomplete, or illegible financial information or submitted such information in an unacceptable format.

L Rent includes the base rent for vour lease including extra charges, such as common area maintenance (CAM) charges, real estate taxes, percentage rents, etc. Your actual rent as a percentage of sales mav vary considerably from the estimates shown. depending on many factors including the size of the premises, the site's condition, its location, demand for the site, and the requirements of individual landlords. Rent as a percentage of sales ranged from 6.17% to 41.60% from the financial information included in Table 6.

FDD Page 81

Cinnabon Franchise Disclosure Document 0.1 012013V2O4.01.2014 Table 7

Averaae Net Sales and Net Operating Income as a percentage of Average Net Sales for 2013 Fiscal Year - Systemwide - Malls WEST REGION

% of Bakeries at # of Bakeries at ALL REGIONS Averaae % of Net Sales or Above Average NeLSales 100.00% 34.78% 16 Cost of Goods Sold $107,803.27 24.15% 41.30% 13 Gross Profit $338,586.37 75.85% 34.78% 16

Operating Expenses Labor $122.57309 27.46% 45.65% 21 Rent $87,327.73 19.56% 43.48% 20 Other Expenses $78,703.27 17.63% 43.48% 20 Total Expenses $288,604.09 64.65% 47.83% 22

Net Operating. income -S4&aa2ja_ 11.20% 45.65% 21

Average Net Sales $450.812.50 (16 franchises, or 35.56%. were at or above this figure)

Median Net Sales $406.968.00 (23 franchises were at or above this figure)

Notes to Table 7:

1. As of December 29. 2013 there were a total of 83 Cinnabon locations operating within enclosed malls in the Midwest Region. Of those 83 locations. 75 operated under the same ownership and were ooen for business from December 31. 2012 through December 29. 2013. This table does not include 8 enclosed mall locations which were neither under the same ownership nor ooen for the entire 2013 fiscal vear. Of those 75 locations. 45 (representing 60.00% of the 75) are included within the information CODtained in Table 7.

Z We have not included financial information in Table 7 for an enclosed mall location if: Ci) the franchise was not in operation for the entire 2013 fiscal year: (ii) the ownership of the franchised location changed during the 2013 fiscal vear: or (iii) the franchisee submitted late, incomplete, or illegible financial information or submitted such information in an unacceptable format.

2L Rent includes the base rent for your lease including extra charges, such as common area maintenance (CAM) charges, real estate taxes, percentage rents, etc. Your actual rent as a percentage of sales mav vary considerably from the estimates shown, depending on many factors includina the size of the premises, the site's condition, its location, demand for the site, and the reguirements of individual landlords. Rent as a percentage of sales ranged from 5.96% to 34.86% from the financial information included in Table 7. FDD Page 82

Cinnabon Franchise Disclosure Document O4.oi.2oi3v204.01.2014 FDD Page 83

Cinnabon Franchise Disclosure Document 01.01.2013vs ITEM 20

OUTLETS AND FRANCHISEE INFORMATION

Table No. 1

Systemwide Outlet Summary System-wide Outlot Summary For Years 2Q4Q2011 To 20422013 Column 3 Column 4 Column 1 Column 2 Outlots At Tho Column 5 Outlets At The Outlot Typo ¥©ar Start Of The Not Chango End Of Tho Yoar Year Franohisod 2040 434 435 44 Outlets At The Outlets At The Outlet Type Year Net Chanae Start Of The Year End Qt The Year 2011 435 495 Franchised +60 2012 495 514 +19 Company- Ownod 20442011 4514 4562 OM +1 Company-Owned 2011 2012 -3 Total Outlets 20442013 4382 4301 +=1 2011 439 500 +61 Total Outlets 2012 500 516 +16 2013 516 563 61

Table No. 2

Transfers Of Outlets From Franchisees To New Owners (Other Than The Franchisor) -2&lgfOther Than The Franchisor^

Column 1 Column 2 Column 3 State Year Numbor Of Transfers

State Year Number Of Transfers

A r\ —* /~\ 20442011 01 AnzoRa 2012 0 Arkansas 2013 0 2011 0 Arizona 2012 4 20402013 03 Arkansas 2444- 4- 2445 4 24442011 23 California 2444 3 2012 2 Colorado 24442013 45 FDD Page 84

Cinnabon Franchise Disclosure Document CM.OI.2< Transfers Of Outlets From Franchisees To New Owners (Othor Than Tho Franchisor) Fnr Ynair, 2010 To 201 frOther Than The Franchisor^ For Years 2011 To 2013 Column 1 Column 2 Column 3 State Yeat Numbor Of Transfers

State Year Number Of Transfers 2011 Colorado 2012 lorida 20402013 40 2011 Florida 2012 2013

20402011 02 Georgia 20442012 20 2013 Hawaii 2Qn 2012 Illinois 20402013 04 2011 Mnm 2012 2013 20402011 Iowa 20442012 4Q 2013 2011 KentucKy 2012 2013 Louisiana 2011 2012 Maryland 20402013 il 2011 Maryland 2012 Montana 20402013 Minnesota 2011 2012 Nevada 20402013 01 2011 Nevada 2012 New Jersey 20442013

2011 New Jersey 2012 Now York 20442013 New York 2011 2012

FDD Page 85

Cinnabon Franchise Disclosure Document 01.01.2013* GWe 204G7O13 0 2011 0 Ohio 2012 3 Oklahoma 20402011 01 2011 1 Oklahoma 2012 0 Pennsylvania 20402013 0 2011 0 Pennsylvania 2012 1 Tonnossoo 20402011 1 2011 0 South Carolina 2012 0 "Texas 20402011 01 2011 0 Tennessee 2012 0 2013 1 2011 4 Texas 2012 1 2013 0 20402011 1 Virginia 20442012 1 20422011 1 2040 0 2011 0 Washington 2012 6 TOTALS 20402013 72 2011 13 TOTALS 2012 35 2011 11

FDD Page 86

Cinnabon Franchise Disclosure Document oi.oi.aoiavai Table No. 3

Status Of Franchised Outlets

Col. 1 Col. 2 Col. 3 COI. 4 Col. 5 Col. 6 Col. 7 Col. 8 Col. 9

Ceased, Outlets at Outlets at Outlets Non, Reacquired operations- start of Termination end of the State Year by franchisor other opened renewals year year reasons 2040201 1 7 02 0 0 0 0 *a 2044201 Alabama 98 2 ?2 2 03 0 0 0 2042701 93 21 3Q 8£ a 0 0 0 2040201 24 1 2 02 0 0 0 0 Alaska 2044201 4 2 24 21 01 0 0 0 2042?01 4 4g 1 42 3 0 0 0 2040201 4Z1§ 1 4411 42 1 0 0 0 Arizona 2044 4Z 2 4 0 0 0 48 2012 18 0 1 0 0 0 17 2040201 417 02 OS 415 3 0 - 0 0 2011 4 2 2 0 0 0 4 Arkansas 2012 4 0 0 0 0 0 4 2040201 724 82 441 705 2 0 0 0 2011 70 2 6 0 0 0 66 California 2012 66 3 8 0 0 0 61 2040201 861 010 76% 3 H 0 0 0 2011 7 4 1 0 0 0 10 Colorado 2012 10 0 0 0 0 0 10 2040701 310 02 04 32 3 0 0 0 2011 3 1 0 0 0 0 4 Connecticut 2012 4 0 0 0 0 0 4 2040201 2Q 42 82 2 0 0 0 2011 3 0 0 0 0 0 3 Delaware 2012 3 0 0 0 0 0 3 3 0 82 3 81 0 0 0 District Of 2011 3 1 0 0 0 0 4 Columbia 2012 4 0 0 0 0 0 4 2040201 0 42 202 3 0 0 0 2011 20 1 3 0 0 0 18 2012 18 2 4 0 0 0 16 2040701 4^6 3 4 0 4015 3 0 0 2011 16 2 0 0 1 0 4712 2012 17 0 1 0 0 0 16

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Cinnabon Franchise Disclosure Document oi.oi.aoisvs Status Of Franchised Outlets For Years 30442011.70 20422013 Col. 1 Col. 2 Col. 3 Col. 4 Col. 5 Col. 6 Col. 7 Col. 8 Col. 9

Ceased Outlets at Outlets at Outlets Non Reacquired operations- State Year start of Termination end of the opened renewals by franchisor other year year reasons u ^ .. 3040201 04 02 0 a wan 3 m 0 0 m 2011 7 0 Hawaii 0 0 0 0 7 2012 7 0 2 0 0 0 5 3040201 Idaho 05 0 02 03 3 0 0 0 2011 0 1 0 0 0 0 1 Idaho 2012 1 40 0 0 0 0 21 2040201 llir\/-nf* 441 0 0 441 3 0 0 0 2011 14 2 0 Illinois 0 0 0 16 2012 16 0 2 0 0 0 14 2040201 5M 42 0 3 0 0 0 GIG 2011 6 0 0 0 0 0 6 Indiana 2012 6 1 0 0 0 0 7 2040201 Iowa 2Z 01 0 22 2 0 0 0 2011 2 0 0 0 0 0 2 Iowa 2012 2 42 0 0 0 0 34

FDD Page 88

Cinnabon Franchise Disclosure Document (M 01.2013*204 01 2014 2040201 Kansas M 0 4Q 24 2 0 0 0 2011 2 3 0 0 0 0 5 Kansas 2012 5 2 0 0 0 0 7 2040201 Kentucky 42 1 01 2Z 2 0 0 0 2011 2 1 0 0 0 0 3 2012 3 0 0 0 0 0 3 2040201 Louisiana 03 0 0 03 3 0 0 0 2011 0 1 0 0 0 0 1 Louisiana Louisiana 2012 1 1 0 0 0 0 2 2040201 Maino 02 0 0 02 3 0 0 0 2011 0 0 0 0 0 0 0 Maine 2012 0 0 0 0 0 0 0 2040701 Maryland 430 4Q 20 42D 2 0 0 0 2011 12 0 1 0 0 0 11 Marvland 2012 11 1 4 0 0 0 8 2040201 43 os 0 2 0 - 0 0 m 2011 1 0 0 0 0 0 i Massachusetts 2012 1 0 0 0 0 0 1 2040201 Michigan 81 40 0 91 3 0 0 0 2011 9 - 0 0 0 0 0 9 Michiaan 2012 9 1 1 0 0 0 9 2040201 Minnesota SS 01 02 53 2 0 0 0 2011 5 0 0 0 0 0 5 Minnesota 2012 5 1 0 0 0 0 6 2040201 Mississippi 02 01 01 06 3 0 0 0 2011 0 0 0 0 0 0 0 MississiDDi 2012 0 1 0 0 0 0 1 2040701 \A I*".i— m in 51 0 72 3 21 . 0 0 0 2011 7 2 0 0 0 0 9 Missouri 2012 9 1 2 0 0 0 8 Montana 2040201 45 02 0 m 3 0 0 0 2011 1 0 0 0 0 0 1 MoDlaoa 2012 1 0 0 0 0 0 1 2040701 Nebraska 01 01 0 02 3 0 0 0 2011 0 0 0 0 0 0 0 Nebraska 2012 0 2 0 0 0 0 2 2040201 Nevada 422 411 40 4213 3 0 0 0 2011 12 0 0 0 0 0 12 Nevada 2012 12 0 .0 0 0 0 12 2013 12 1 0 0 o 0 13 2040201 2 1 2 0 0 0 0 0 2044201 New Hampshire 2 2 2 0 0 0 0 0 2042201 2 0 01 21 3 0 0 0 FDD Page 89

Cinnabon Franchise Disclosure Document (M.oi.20i3vaQ4ilL2Q14 3040 22 0 0 0 0 0 22 2011 22 1 0 0 0 0 23 New Jersey 2012 23 2 2 0 0 0 23 2040201 323 4 01 3 0 0 0 726 2011 7 New Mexico 0 0 0 0 0 7 2012 7 1 1 0 0 0 7 2040201 477 21 3Q 442 3 0 0 0 2011 New York 16 3 2 0 0 0 17 2012 17 3 3 0 0 0 17 2040201 4MZ 0 1 4416 3 0 0 0 2011 14 2 2 0 0 0 14 North Carolina 2012 14 1 1 0 0 0 14 2013 14 2 2 0 0 0 14 2040201 0 0 0 0 0 0 0 North Dakota 1 2044 0 0 0 0 0 0 0 2012 0 3 0 0 0 0 3 2040201 Okie 473 0 2Q 3 0 0 0 452 2011 15 2 3 0 0 0 14 Ohio 2012 14 2 2 0 0 0 14

2040201 514 04 3 21 0 0 0 31% 2011 3 8 0 0 0 0 11 Oklahoma 2012 11 4 0 0 0 0 15 2049701 Oregon 615 1 1 3 0 0 0 615 2011 6 0 0 0 0 0 6 Oregon 2012 6 0 0 0 0 0 6 2040201 446 02 40 408 3 40 0 0 0 2011 10 0 1 0 0 0 9 Pennsylvania 2012 9 1 2 0 0 0 8 2013 a fi 0 0 0 Q 14 2040201 0 1 0 0 0 0 0 0 Rhode Island 2044-701 2 0 01 0 0 0 0 01 2042201 oi 40 0 1 3 0 0 0 South Carolina 2040 3 4- 4 0 0 0 3 2011 3 2 0 0 0 0 5 South Carolina 2012 5 1 0 0 0 0 6 2013 6 2 1 0 0 0 2040201 z 1 1 1 0 0 0 0 0 2044201 South Dakota 1 2 1 0 0 0 0 0 2042701 1 0 3 oi 0 0 0 46 2040201 5 03 0 0 0 5Z Tennessee 1 01 2044 5 3 4 0 0 0 ? 2012 7 2 2 0 0 0 7

FDD Page 90

Cinnabon Franchise Disclosure Document Q4,o4^mv3Q4.01.2Q14 2040201 Texas «z 206 SQ 6813 2011 69 39 101 lexas 2012 101 21 120 2040201 Wtab 3120 631 oe 3145 2011 Ulab 2012 2049201 Vormont 01 2 oi Vermont 2011 2012 Virginia 2G402Q1 m 40 40 400 10 10 Virginia 2011 2012. 10 11 2040201 Wachington 4011 42 4411 2011 14 12 Washington 2012 12 0 12 Wost Virginia 20402Q1 012 02 OM 2011 West Virginia 2012 2044201 WioGonsin M 21 2011 Wisconsin 2012 2040201 Wyoming 04 02 01 2011 Wyoming 2012 TOTALS 2W02D1 4351 2 4341 560 550 2011 435 96 35 495 TOTALS 2012 495 64fiZ 48 514 2013 514 IIS 50 582

FDD Page 91

Cinnabon Franchise Disclosure Dncument oi oi 3oi3vaQ4.01.2Q14 Table No. 4

Status Of Company-Owned Outlets For Years 2010 To 2012 For Years 2011 To 2013 Col. 5 Col. 3 Col. 7 Col. 8 Col. 4 Outlets Col. 6 Col.1 Col. 2 Outlots at Outlotc at Outlets- Outlets State ¥eaf end of the From Closed year yea* Texas 3044 4 4 0 0 G 4 Qutlfils. Outlets. QullefcuiL Outlets at Reacauired Outlets, State Year Sold To end of the ooened From Closed vear year Franchisee Franchisee 2011 4 0 0 0 0 4 Texas 2012 4 0 0 0 3 1 Georgia 24442013 01 0 0 0 01 0 2011 0 0 1 0 0 1 2012 1 0 0 0 0 1 TOTALS 24442013 41 0 0 0 0 41 2011 4 0 1 0 0 5 TOTALS 2012 5 0 0 0 3 2 2013 2 0 o fl 1 1

Table No. 5

Projected Openings As Of December 31.20422013 Column 1 Column 2 Column 3 Column 4

f 11 prt r% A f^rtliimn ? Column 3 "if %f * ull 111 mW "s* • V4 • • • W • #f Column 1 Projected New Franchise Agreements Projected New Company-Owned State Signed But Bakeries Franchised Bakeries Bakeries In Next Not Open In Next Fiscal Year Fiscal Year ArizonaAlabame 31 1 0 Arizona 2 2 fl Arkansas 21 01 0 California 42a 31 0 Colorado % 1 0 Connecticut 24 45 0 District of 4g 06 0 ColumbiaFlorida EWdaGeorqia $2 41 0 Georgia 4 2 0 Illinois 2 1 fl lllinoislndiana 3 06 0 Kansas 1 fl fl Kentucky 1 fl fl Louisiana a 1 fl Maryland i 6 fl WiafiaMichiqan 0 1 0

FDD Page 92

Cinnabon Franchise Disclosure Document o-i oi 2Qi3v204 01 2014 Projected Openings As Of December 31,20422013 Column 1 Column 2 Column 3 Column 4

Column 4 Column 2 Column 3 Column 1 Projected New Franchise Agreements Projected New Company-Owned Signed But Bakeries Franchised Bakeries State Bakeries In Next Not Open In Next Fiscal Year Fiscal Year lewaMinnesota QQ. 1 KanBaEMissouri 02 LouisianaNebraska % MarylandNevada il Minnesota MicsissippiNew. 021 Jersey Miseouri Nebraska 44 40 0 Nevada Now Jersey 24 New Mexico 4-2 oa New York 32 North Carolina 45 North Dakota 20 Ohio $2 42 Oklahoma ii Oregon 42 01 Pennsylvania 33 24 Rhode Island South Carolina 010 South Dakota Tennessee 4Z 34 Texas 6465 3311 VirqiniaUlah 40

Virginia Washington WashinatonWest Virginia TotateWvominq 891 I TOTALS 22Z m Exhibit E shows the name, address, and telephone number of the franchised Bakeries as of December 31, 20422m-

Exhibit F shows, at the end of our most recent fiscal year, the name, last-known business or home city and state and business or home telephone number of oach franohiseelh&_l£l franchisees whose franchise was terminated, canceled, or not renewed; who voluntarily or involuntarily ceased to do business under a franchise agreement during the applicable fiscal vear fwhich includes 81 franchisees who transferred their franchise^ or those franchises who did not communicate with us within 10 weeks of the date of this Disclosure Document.

FDD Page 93

Cinnabon Franchise Disclosure Document o^oi.20i3v204_01.2Q14 If you buy this franchise, your contact information may be disclosed to other buyers when you leave the System.

Confidentiality Clauses

As a standard practice, when we enter into a Termination and Release Agreement with a former franchisee, we require the former franchisee to agree to maintain all information that the former franchisee has about us confidential. We have entered into these Termination and Release Agreements (including the confidentiality clause) within the past 3 years.

In some instances, current and former franchisees sign provisions restricting their ability to speak openly about their experience with us. You may wish to speak with current and former franchisees, but be aware that not all such franchisees will be able to communicate with you.

FDD Page 94

Cinnabon Franchise Disclosure Document (M.oi.2oi3va04.01.2fU4 Franchisor Sponsored Trademark Specific Franchisee Organizations

We have established a Franchise Advisory Council ("FAC") to use as a sounding board on issues that affect the System in the areas of brand development, franchise support, new business, marketing, product, design, equipment, operations and new revenue channels. The address for the FAC is at our principal office at 200 Glenridge Point Parkway, Suite 200, Atlanta, Georgia 30342. The FAC does not maintain a separate telephone number, email address, or website.

The FAC is not a decision-making entity. The FAC usually meets in-person quarterly, but sometimes meets more often. In addition, the FAC holds monthly conference calls in those months in which an in-person meeting is not scheduled. The FAC consists of 7 to 9 elected franchisee members (2 of which cannot own more than 2 Bakeries) and 2 additional members (for each franchisee that has 40 or more Bakeries), all of whom we require to be in good standing with us. In addition, for voting purposes, the CEO and President of FOCUS Brands, our President, our Senior Vice President of Franchise Operations and our Vice President of New Market Operations also are voting members of the FAC. Out-of-pocket expenses for the FAC meetings are paid 50% by us and 50% by the Advertising Fund. Each FAC member serves a three-year term (except for the members that owns 2 Bakeries or less, who serve a 2 year term). Franchisees must be elected in order to hold a seat on the FAC. Members are elected by the Cinnabon franchise community. You must be in good standing to vote for FAC members.

Independent Trademark Specific Franchisee Organizations

There are no independent trademark specific franchisee organizations for the Cinnabon brand.

ITEM 21

FINANCIAL STATEMENTS

The audited financial statements of Cinnabon, Inc., which are comprised of the balance sheets as of December 29. 2013 and December 30, 2012 and Docembor 25, 2011, and the related statements of operations, changes in shareholder's equity and cash flows for the fiscal years ending December 29. 2013. December 30, 2012; and December 25, 2011, and Dooombor 26, 2040, along with related notes to the financial statements, are included in Exhibit A.

FDD Page 95

Cinnabon Franchise Disclosure Document 04.oi.20i3vap4.Q1.2014 ITEM 22

CONTRACTS

The following contracts and related documents are attached to this Disclosure Document:

EXHIBIT B CINNABON FRANCHISE AGREEMENT AND RELATED AGREEMENTS: Schedule A Schedule of Events Schedule B - Personal Covenants Schedule C - Guaranty of Payment and Performance Schedule D - State Law Addendum (If Required)

EXHIBIT C CINNABON TERRITORY AGREEMENT AND RELATED AGREEMENTS: Schedule A - Description of Designated Area and Ownership Schedule Schedule B - Development Schedule . Schedule C - Personal Covenants Schedule D - Guaranty of Payment and Performance Schedule E - State Law Addendum (If Required)

EXHIBIT D OTHER AGREEMENTS

Cinnabon Express Addendum Satellite Retail Unit Addendum General Release

ITEM 23

RECEIPT

Two copies of an acknowledgment of your receipt of this Disclosure Document appear as Exhibit K. Please return one copy to us and retain the other for your records.

FDD Page 96

Cinnabon Franchise Disclosure Document 0-1.01.2013^