On April 30, 2024, Sweetgreen, Inc. (the ? Company ?) entered into a sublease agreement (the ? Sublease Agreement ?) with FPM Development, LLC, a Wyoming limited liability company (the ?

Subtenant ?), pursuant to which the Company will sublease approximately 57,681 square feet of space (the ? Phase I Premises ?) and approximately 36,400 square feet of space (the ? Phase II Premises ?

and together with the Phase I Premises, the ? Premises ?) located at 3101 Exposition Boulevard, Los Angeles, California 90018. The Premises is the subject of a Lease Agreement, dated as of May 23, 2019, as amended, by and between Welcome to the Dairy, LLC, a Delaware limited liability company (the ?

Landlord ?), and the Company (the ? Lease ?), pursuant to which the Company leases the Premises. The Company?s principal corporate headquarters are located in the Phase II Premises.

In accordance with the Sublease Agreement, substantially all of the Phase I Premises was delivered to the Subtenant on May 1, 2024, and the Company anticipates delivering the remainder of the Phase I Premises and the Phase II Premises on or around August 1, 2024. Pursuant to the terms of the Lease, the Landlord granted its consent to the Sublease Agreement on April 30, 2024. The term of the sublease of the Premises to the Subtenant under the Sublease Agreement commenced on May 1, 2024 and will end on February 28, 2032 (or on such earlier date as the term may sooner expire, as set forth in the Sublease Agreement or the Lease).

The Subtenant will additionally pay to the Company all additional amounts due by the Company to the Landlord under the Lease, including the management fee and the Company?s share of expenses and taxes, as set forth in the Lease. In connection with the Landlord?s consent to the Sublease Agreement, the Company and the Landlord entered into a letter agreement, dated as of April 30, 2024, modifying the terms of the Lease (the ? Letter Agreement ?).

Pursuant to the Letter Agreement, the Landlord is entitled to receive 100% of the Company?s profits under the Sublease Agreement in excess of the amounts payable by the Company to the Landlord under the Lease, in exchange for the Company being released from its obligation under the Lease to reimburse the Landlord for any broker fees incurred by the Landlord in connection with the Sublease.