Heat oven to 375°F. Grease a 10-inch tube pan. In small bowl, combine brown sugar, cinnamon, nutmeg, cloves, butter and rum extract; blend well.
Separate each can of biscuit dough into 10 biscuits. Cut each biscuit into quarters. Place half of biscuits in greased pan. Spoon 1/2 cup of the butter mixture over biscuits. Sprinkle with 1/4 cup of the nuts. Repeat with remaining biscuits, butter mixture and nuts.
Bake at 375°F. for 20 to 25 minutes or until golden brown. Cool 3 minutes; invert onto serving plate. To serve, pull apart. Serve warm.