THE TWIN DONUT GROUP OF COMPANIES:

Twin Donut, Inc. Established in 1958, engages in the operation, development, franchising and licensing. It provides the site selection, assistance with training and other services. Twin Donut, Inc. is the Franchisor and grants the Franchise and signs the Franchise Agreement with the Franchisee.

TDS Leasing, LLC . Established in 2000, TDS Leasing obtains leases for Twin Donut Store sites, subleases the sites to Twin Donut Franchisees and manages real property for Twin Donut, Inc.

Spartan Built, Ltd. Established in 1968, Spartan Built, Ltd. constructs and equips the Twin Donut Stores. It offers financing to highly qualified potential Franchisees.