Document:

Exhibit 10.6

 

EXECUTION VERSION

 

SECOND AMENDED AND RESTATED SECURITY AGREEMENT

 

THIS SECOND AMENDED AND RESTATED SECURITY AGREEMENT (as it may be amended or modified from time to time, this “Security Agreement”) is entered into as of February 18, 2014 by and among SSE HOLDINGS, LLC, a New York limited liability company (the “Borrower”), each other Loan Party signatory to this Security Agreement, and each other Loan Party from time to time party to this Security Agreement (collectively with the Borrower, each a “Grantor” and collectively, the “Grantors”), and JPMorgan Chase Bank, N.A., in its capacity as administrative agent (the “Administrative Agent”) for the lenders from time to time party to the Shake Shack Credit Agreement referred to below.

 

PRELIMINARY STATEMENT

 

A.            The Borrower, each of the entities set forth on Schedule I attached hereto (such entities, collectively with the Borrower, each an “Existing Grantor” and collectively, the “Existing Grantors”) and the Administrative Agent are party to that certain Amended and Restated Security Agreement dated as of December 28, 2011 (as amended or modified prior to the date hereof, the “Existing Security Agreement”).

 

B.            The Borrower, the guarantors from time to time party thereto, the Administrative Agent and the Lenders are entering into an amendment (the “Amendment”) to that certain Amended and Restated Shake Shack Credit Agreement dated as of March 28, 2013 (as it may be amended or modified from time to time, the “Shake Shack Credit Agreement”).  Each Grantor is entering into this Security Agreement in order to induce the Lenders to enter into the Amendment and extend credit to the Borrower under the Shake Shack Credit Agreement and, if applicable, to secure the Secured Obligations that it has agreed to guarantee pursuant to any Loan Guaranty.

 

C.            The Grantors desire to amend and restate the Existing Security Agreement in its entirety as provided herein and release Union Square Hospitality Group LLC (“USHG”) as a grantor under the Existing Security Agreement and the Administrative Agent has agreed (subject to the terms of this Security Agreement) to amend and restate the Existing Security Agreement and release USHG as a grantor thereunder.

 

ACCORDINGLY, the Grantors, the Administrative Agent, on behalf of the Lenders, and, solely for the purpose of its release from the Existing Security Agreement, USHG hereby agree as follows:

 

ARTICLE I.
 DEFINITIONS

 

1.1.                            Terms Defined in Credit Agreement.  All capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Shake Shack Credit Agreement.

 

1.2.                            Terms Defined in UCC.  Terms defined in the UCC which are not otherwise defined in this Security Agreement are used herein as defined in the UCC.

 

1.3.                            Definitions of Certain Terms Used Herein.  As used in this Security Agreement, in addition to the terms defined in the Preamble and the Preliminary Statement, the following terms shall have the following meanings:

 

“Accounts” shall have the meaning set forth in Article 9 of the UCC.

 

 

“Article” means a numbered Article of this Security Agreement, unless another document is specifically referenced.

 

“Chattel Paper” shall have the meaning set forth in Article 9 of the UCC.

 

“Collateral” shall have the meaning set forth in Article II.

 

“Commercial Tort Claims” shall have the meaning set forth in Article 9 of the UCC along with the existing Commercial Tort Claims of each Grantor as listed on Exhibit C.

 

“Control” shall have the meaning set forth in Article 8 or, if applicable, in Section 9-104, 9-105, 9-106 or 9-107 of Article 9 of the UCC.

 

“Copyrights” means, with respect to any Person, all of such Person’s right, title, and interest in and to the following:  (a) all copyrights, rights and interests in copyrights, works protectable by copyright, copyright registrations, and copyright applications; (b) all renewals of any of the foregoing; (c) all income, royalties, damages, and payments now or hereafter due and/or payable under any of the foregoing, including, without limitation, damages or payments for past or future infringements for any of the foregoing; (d) the right to sue for past, present, and future infringements of any of the foregoing; and (e) all rights corresponding to any of the foregoing throughout the world.

 

“Default” means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both would, unless cured or waived, become an Event of Default.

 

“Deposit Accounts” shall have the meaning set forth in Article 9 of the UCC.

 

“Documents” shall have the meaning set forth in Article 9 of the UCC.

 

“Equipment” shall have the meaning set forth in Article 9 of the UCC.

 

“Event of Default” means an event described in Section 5.1.

 

“Exhibit” refers to a specific Exhibit to this Security Agreement, unless another document is specifically referenced.

 

“Fixtures” shall have the meaning set forth in Article 9 of the UCC.

 

“General Intangibles” shall have the meaning set forth in Article 9 of the UCC.

 

“Goods” shall have the meaning set forth in Article 9 of the UCC.

 

“Instruments” shall have the meaning set forth in Article 9 of the UCC.

 

“Intellectual Property” means all Copyrights, Patents and Trademarks and all other similar types of intellectual property that constitute Collateral.

 

“Inventory” shall have the meaning set forth in Article 9 of the UCC.

 

“Investment Property” shall have the meaning set forth in Article 9 of the UCC.

 

“Leasehold interest” shall have the meaning set forth in Article 2A of the UCC.

 

2

 

“Lenders” means the lenders party to the Shake Shack Credit Agreement and their successors and assigns.

 

“Letter-of-Credit Rights” shall have the meaning set forth in Article 9 of the UCC.

 

“Licenses” means, with respect to any Person, all of such Person’s right, title, and interest in and to (a) any and all licensing agreements or similar arrangements in and to its Patents, Copyrights, or Trademarks, (b) all income, royalties, damages, claims, and payments now or hereafter due or payable under and with respect thereto, including, without limitation, damages and payments for past and future breaches thereof, and (c) all rights to sue for past, present, and future breaches thereof.

 

“Patents” means, with respect to any Person, all of such Person’s right, title, and interest in and to:  (a) any and all patents and patent applications; (b) all inventions and improvements described and claimed therein; (c) all reissues, divisions, continuations, renewals, extensions, and continuations-in-part thereof; (d) all income, royalties, damages, claims, and payments now or hereafter due or payable under and with respect thereto, including, without limitation, damages and payments for past and future infringements thereof; (e) all rights to sue for past, present, and future infringements thereof; and (f) all rights corresponding to any of the foregoing throughout the world.

 

“Receivables” means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.

 

“Required Secured Parties” means (a) prior to an acceleration of the Obligations under the Shake Shack Credit Agreement, the Required Lenders, (b) after an acceleration of the Obligations under the Shake Shack Credit Agreement but prior to the date upon which the Shake Shack Credit Agreement has terminated by its terms and all of the Obligations (other than contingent indemnification obligations and Banking Services Obligations) have been paid in full (or with respect to any outstanding Letters of Credit, a cash deposit or Supporting Letter of Credit has been delivered to the Administrative Agent as required by the Shake Shack Credit Agreement), Lenders holding in the aggregate at least a majority of the total of the Aggregate Credit Exposure, and (c) after the Shake Shack Credit Agreement has terminated by its terms and all of the Obligations (other than contingent indemnification obligations and Banking Services Obligations) thereunder have been paid in full (whether or not the Obligations under the Shake Shack Credit Agreement were ever accelerated), Lenders holding in the aggregate at least a majority of the aggregate net early termination payments and all other amounts then due and unpaid from any Grantor to the Lenders under Swap Agreement, as determined by the Administrative Agent in its reasonable discretion.

 

“Section” means a numbered Section of this Security Agreement, unless another document is specifically referenced.

 

“Security” has the meaning set forth in Article 8 of the UCC.

 

“Stock Rights” means all dividends, instruments or other distributions and any other right or property which the Grantors shall receive or shall become entitled to receive for any reason whatsoever with respect to, in substitution for, or in exchange for, any Equity Interest constituting Collateral, any right to receive an Equity Interest and any right to receive earnings, in which the Grantors now have or hereafter acquire any right, issued by an issuer of such Equity Interest.

 

“Supporting Obligations” shall have the meaning set forth in Article 9 of the UCC.

 

3

 

“Trademarks” means, with respect to any Person, all of such Person’s right, title, and interest in and to the following:  (a) all trademarks (including service marks), trade names, trade dress, and trade styles and the registrations and applications for registration thereof and the goodwill of the business symbolized by the foregoing, but excluding intent to use applications; (b) all licenses of the foregoing, whether as licensee or licensor; (c) all renewals of the foregoing; (d) all income, royalties, damages, and payments now or hereafter due or payable with respect thereto, including, without limitation, damages, claims, and payments for past and future infringements thereof; (e) all rights to sue for past, present, and future infringements of the foregoing, including the right to settle suits involving claims and demands for royalties owing; and (f) all rights corresponding to any of the foregoing throughout the world.

 

“UCC” means the Uniform Commercial Code, as in effect from time to time, of the State of New York or of any other state the laws of which are required as a result thereof to be applied in connection with the attachment, perfection or priority of, or remedies with respect to, Administrative Agent’s or any Lender’s Lien on any Collateral.

 

The foregoing definitions shall be equally applicable to both the singular and plural forms of the defined terms.

 

ARTICLE II.
 GRANT OF SECURITY INTEREST

 

Each Grantor hereby confirms that pursuant to the Existing Security Agreement, it has pledged and granted the security interests set forth in the Existing Security Agreement and each Grantor hereby pledges and grants to the Administrative Agent, on behalf of and for the ratable benefit of the Lenders, a security interest in all of its right, title and interest in, to and under all personal property and other assets, whether now owned by or owing to, or hereafter acquired by or arising in favor of such Grantor (including under any trade name or derivations thereof), and whether owned or consigned by or to, or leased from or to, such Grantor, and regardless of where located (all of which will be collectively referred to as the “Collateral”), including:

 

(i)                                     all Accounts;

 

(ii)                                  all Chattel Paper;

 

(iii)                               all Deposit Accounts with any bank or other financial institution;

 

(iv)                              all Documents;

 

(v)                                 all Equipment;

 

(vi)                              all Fixtures;

 

(vii)                           all General Intangibles;

 

(viii)                        all Goods;

 

(ix)                              all Instruments;

 

(x)                                 all Intellectual Property;

 

(xi)                              all Inventory;

 

4

 

(xii)                           all Investment Property;

 

(xiii)                        all cash or cash equivalents;

 

(xiv)                       all letters of credit, Letter-of-Credit Rights and Supporting Obligations;

 

(xv)                          all Commercial Tort Claims; and

 

(xvi)                       all accessions to, substitutions for and replacements, proceeds (including Stock Rights), insurance proceeds and products of the foregoing, together with all books and records, customer lists, credit files, computer files, programs, printouts and other computer materials and records related thereto and any General Intangibles at any time evidencing or relating to any of the foregoing;

 

to secure the prompt and complete payment and performance of the Secured Obligations.

 

Notwithstanding the foregoing, the term “Collateral” shall not include:

 

(i)                                     any General Intangibles or other rights arising under any contracts, instruments, licenses or other documents as to which the grant of a security interest would (A) constitute a violation of a valid and enforceable restriction in favor of a third party on such grant, unless and until any required consents have been obtained, or (B) give any other party to such contract, instrument, license or other document a valid and enforceable right to terminate its obligations thereunder;

 

(ii)                                  any asset to the extent that such grant of a security interest is prohibited by a requirement of any applicable law, rule or regulation, requires a consent as a condition to the grant of a security interest in such asset that has not been obtained of any governmental authority pursuant to such requirement of law, or is prohibited by, or constitutes a breach or default under, or results in the termination of, or requires any consent as a condition to the grant of a security interest in such asset that is has not been obtained under, any contract, instrument, license or other document evidencing, governing or giving rise to such asset;

 

(iii)                               any and all Trademarks and other Intellectual Property bearing the name “Meyer” or a variant thereof; and

 

(iv)                              more than 65% of the outstanding voting Equity Interests of any non-U.S. Person owned directly or indirectly by any Grantor unless granting such a security interest would be permitted without causing a “deemed dividend” under Section 956 of the Code or other possible tax consequences that are adverse to such Grantor.

 

Provided that the limitation set forth in clauses (i) and (ii) above shall (x) exist only for so long as such governmental law, rule, regulation, consent requirement, General Intangible or other right arising under any contracts, instruments, licenses or other documents continue to be effective (and, upon the cessation, termination, expiration of such governmental law, rule, regulation, consent requirement, General Intangibles or other rights arising under any contracts, instruments, licenses or other documents, or if any such governmental law, rule, regulation, consent requirement, General Intangible or other right arising under any contracts, instruments, licenses or other documents is no longer applicable, the security interest granted herein shall be deemed to have automatically attached to such asset) and (y) not apply with respect to any asset if and to the extent that the security interest in and to such asset granted in this Security Agreement is permitted under Sections 9-406, 9-407, 9-408, or 9-409 of the UCC.

 

5

 

ARTICLE III.
 REPRESENTATIONS AND WARRANTIES

 

Each Grantor represents and warrants to the Administrative Agent and the Lenders that:

 

3.1.                            Title, Perfection and Priority.  Such Grantor has good and valid rights in or the power to transfer the Collateral and title to the Collateral with respect to which it has purported to grant a security interest hereunder, free and clear of all Liens except for Liens permitted under Section 6.02 of the Shake Shack Credit Agreement, and has full power and authority to grant to the Administrative Agent the security interest in such Collateral pursuant hereto.  When financing statements have been properly filed in the appropriate offices against such Grantor in the locations listed on Exhibit E, the Administrative Agent will have a fully perfected first priority security interest in all Collateral of each Grantor in which a security interest may be perfected by filing a financing statement under the UCC of the jurisdiction of organization of such Grantor, subject only to Liens permitted under Section 6.02 of the Shake Shack Credit Agreement.

 

3.2.                            Type and Jurisdiction of Organization, Organizational and Identification Numbers.  The type of entity of such Grantor, its state of organization, the organizational number issued to it by its state of organization and its federal employer identification number are set forth on Exhibit A.

 

3.3.                            Principal Location.  Such Grantor’s mailing address and the location of its place of business (if it has only one) or its chief executive office (if it has more than one place of business), are disclosed in Exhibit A; such Grantor has no other places of business except those set forth in Exhibit A.

 

3.4.                            Collateral Locations.  All of such Grantor’s locations where Collateral is located are listed on Exhibit A.  All of said locations are owned by such Grantor except for locations (i) which are leased by the Grantor as lessee and designated in Part III(b) of Exhibit A and (ii) at which Inventory is held in a public warehouse or is otherwise held by a bailee or on consignment as designated in Part III(c) of Exhibit A.

 

3.5.                            Deposit Accounts.  All of such Grantor’s Deposit Accounts are listed on Exhibit B.

 

3.6.                            Exact Names.  Such Grantor’s name in which it has executed this Security Agreement is the exact name as it appears in such Grantor’s organizational documents, as amended, as filed with such Grantor’s jurisdiction of organization.  Such Grantor has not, during the past five years, been known by or used any other corporate or fictitious name, or been a party to any merger or consolidation, or been a party to any acquisition.

 

3.7.                            Letter-of-Credit Rights and Chattel Paper.  Exhibit C lists all Letter-of-Credit Rights and Chattel Paper of such Grantor.  All action by such Grantor necessary or desirable to protect and perfect the Administrative Agent’s Lien on each item listed on Exhibit C (including the delivery of all originals and the placement of a legend on all Chattel Paper as required hereunder) has been duly taken.  The Administrative Agent will have a fully perfected first priority security interest in the Collateral listed on Exhibit C, subject only to Liens permitted under Section 6.02 of the Shake Shack Credit Agreement.

 

3.8.                            Intellectual Property.  Such Grantor does not have any interest in, or title to, any Patent, Trademark or Copyright, that is, or is intended to be, Collateral, except as set forth in Exhibit D.  This Security Agreement is effective to create a valid and continuing Lien, and upon filing of appropriate financing statements in the offices listed on Exhibit E under the UCC, and this Security Agreement with the United States Copyright Office and the United States Patent and Trademark Office, fully perfected first priority security interests in favor of the Administrative Agent on such Grantor’s U.S. Patents,

 

6

 

Trademarks and Copyrights, such perfected security interests are enforceable as such as against any and all creditors of and purchasers from such Grantor; and all action necessary to protect and perfect the Administrative Agent’s Lien on such Grantor’s Patents, Trademarks or Copyrights shall have been duly taken.

 

3.9.                            Filing Requirements.  None of the Collateral owned by a Grantor is of a type for which security interests or liens may be perfected by filing under any federal statute except for Patents, Trademarks and Copyrights held by such Grantor and described in Exhibit D.

 

3.10.                     No Financing Statements, Security Agreements.  No financing statement or security agreement describing all or any portion of the Collateral which has not lapsed or been terminated naming such Grantor as debtor has been filed or is of record in any jurisdiction except (a) for financing statements or security agreements naming the Administrative Agent on behalf of the Lenders as the secured party and (b) with respect to any lien permitted by Section 6.02 of the Shake Shack Credit Agreement.

 

3.11.                     Investment Property.  No Grantor owns any material Instrument, Security or other Investment Property other than Equity Interests owned by the Borrower in each of its Subsidiaries and Affiliates existing on the date hereof.

 

ARTICLE IV.
 COVENANTS

 

From the date of this Security Agreement, and thereafter until this Security Agreement is terminated, each Grantor agrees that:

 

4.1.                            General.

 

(a)                                 Authorization to File Financing Statements; Ratification.  Such Grantor hereby authorizes the Administrative Agent to file, and if requested will deliver to the Administrative Agent, all financing statements and other documents and take such other actions as may from time to time be reasonably requested by the Administrative Agent in order to maintain a first perfected security interest in (subject to liens permitted by Section 6.02 of the Shake Shack Credit Agreement) and, if applicable, Control of, the Collateral owned by such Grantor.  Any financing statement filed by the Administrative Agent may be filed in any filing office in any UCC jurisdiction and may (i) indicate such Grantor’s Collateral (1) as all assets of each Grantor or words of similar effect, regardless of whether any particular asset comprised in the Collateral falls within the scope of Article 9 of the UCC or such jurisdiction, or (2) by any other description which reasonably approximates the description contained in this Security Agreement, and (ii) contain any other information required by part 5 of Article 9 of the UCC for the sufficiency or filing office acceptance of any financing statement or amendment, including whether such Grantor is an organization, the type of organization and any organization identification number issued to such Grantor.  Such Grantor also agrees to furnish any such information to the Administrative Agent reasonably promptly upon request.  Such Grantor also ratifies its authorization for the Administrative Agent to have filed in any UCC jurisdiction any initial financing statements or amendments thereto if filed prior to the date hereof.

 

(b)                                 Further Assurances.  Such Grantor agrees to take any and all reasonable actions necessary to defend title to the Collateral against all persons and to defend the security interest of the Administrative Agent in its Collateral and the priority thereof against any Lien not expressly permitted hereunder.

 

7

 

(c)                                  Other Financing Statements.  Such Grantor will not authorize the filing of any financing statement naming it as debtor covering all or any portion of the Collateral owned by it, except to secure Liens permitted by Section 6.02 of the Shake Shack Credit Agreement.  Such Grantor acknowledges that it is not authorized to file any financing statement or amendment or termination statement with respect to any financing statement without the prior written consent of the Administrative Agent, subject to such Grantor’s rights under Section 9 509(d)(2) of the UCC.

 

(d)                                 Locations.  Such Grantor will not maintain any Collateral owned by it with a fair market value in excess of $25,000 at any location other than those locations listed on Exhibit A (as such Exhibit may be updated from time to time in accordance with Section 8.3 hereof).

 

(e)                                  Compliance with Terms.  Such Grantor will perform and comply with all material obligations in respect of the Collateral owned by it and all agreements to which it is a party or by which it or its Collateral is bound, except to the extent that the failure to comply could not reasonably be expected to have a Material Adverse Effect.

 

4.2.                            Collection of Receivables.  Except as otherwise provided in this Security Agreement, such Grantor will use its best efforts to collect and will enforce, at such Grantor’s sole expense, all amounts due or hereafter due to such Grantor under the material Receivables owned by it.

 

4.3.                            Equipment.  Subject to the rights of any landlord under any lease applicable to any of the locations set forth on Exhibit A, such Grantor shall not permit any Equipment with a fair market value in excess of $25,000 to become a fixture with respect to real property leased by such Grantor or to become an accession with respect to other personal property with respect to which real or personal property the Administrative Agent does not have a Lien.  Such Grantor will not, without the Administrative Agent’s prior written consent, alter or remove any identifying symbol or number on any of such Grantor’s material Equipment constituting Collateral.

 

4.4.                            Delivery of Instruments, Securities, Chattel Paper and Documents.  Such Grantor will (a) deliver to the Administrative Agent immediately upon execution of this Security Agreement the originals of all Chattel Paper and certificated Instruments constituting Collateral owned by it (if any then exist) in excess of $250,000 (individually or in the aggregate), (b) hold in trust for the Administrative Agent upon receipt and immediately thereafter deliver to the Administrative Agent any such Chattel Paper and certificated Instruments constituting Collateral in excess of $250,000 (individually or in the aggregate), (c) upon the Administrative Agent’s request, deliver to the Administrative Agent (and thereafter hold in trust for the Administrative Agent upon receipt and immediately deliver to the Administrative Agent) any Document evidencing or constituting Collateral in excess of $250,000 (individually or in the aggregate) and (d) upon the Administrative Agent’s request, deliver to the Administrative Agent a duly executed amendment to this Security Agreement, in the form of Exhibit F hereto (the “Supplement”), pursuant to which such Grantor will supplement the schedules hereto to describe such additional Collateral.  Such Grantor hereby authorizes the Administrative Agent to attach each Supplement to this Security Agreement and acknowledges and agrees that all additional Collateral owned by it set forth in such Supplement shall be considered to be a part of the Collateral.

 

4.5.                            Investment Property.  Other than (i) as permitted under the Shake Shack Credit Agreement and (ii) the Equity Interest owned by such Grantor in such Grantor’s Subsidiaries and Affiliates as set forth on Schedule 3.14 of the Shake Shack Credit Agreement, such Grantor will not own, purchase or otherwise acquire any Instrument, Security or other Investment Property.

 

8

 

4.6.                            Intellectual Property.

 

(a)                                 Such Grantor will use its commercially reasonable efforts to secure all consents and approvals necessary for the Administrative Agent to enforce the security interests granted hereunder, in any License held by such Grantor, including an acknowledgement and consent of any licensor under any License.

 

(b)                                 Such Grantor shall promptly notify the Administrative Agent if it knows that any application or registration relating to any Patent, Trademark or Copyright (now or hereafter existing) that are material to the conduct of its business or operations may become abandoned or dedicated to the public, or of any similar materially adverse determination or development (including the institution of, or any such determination or development in, any proceeding in the United States Patent and Trademark Office, the United States Copyright Office or any court, other than any non-final office actions) regarding such Grantor’s ownership of any Patent, Trademark or Copyright, its right to register the same, or to keep and maintain the same.

 

(c)                                  If such Grantor, either directly or through any agent, employee, licensee or designee, files an application for the registration of any Patent, Trademark or Copyright with the United States Patent and Trademark Office, the United States Copyright Office or any similar office or agency such Grantor promptly shall provide the Administrative Agent with notice thereof, and, upon request of the Administrative Agent, such Grantor shall execute and deliver any and all security agreements as the Administrative Agent may request to evidence the Administrative Agent’s first priority security interest on such Patent, Trademark or Copyright.

 

(d)                                 Such Grantor shall take all reasonable actions necessary or reasonably requested by the Administrative Agent to maintain and pursue each application, to obtain the relevant registration and to maintain the registration of each of its Patents, Trademarks and Copyrights (now or hereafter existing) that are material to the conduct of its business or operations, including the filing of applications for renewal, affidavits of use, affidavits of noncontestability and opposition and interference and cancellation proceedings.

 

(e)                                  Such Grantor shall, unless it shall reasonably determine that such Patent, Trademark or Copyright is in no way material to the conduct of its business or operations, promptly sue for infringement, misappropriation or dilution of such Patents, Trademarks or Copyrights and to recover any and all damages for such infringement, misappropriation or dilution, and shall take such other actions as the Administrative Agent shall deem necessary and reasonably appropriate under the circumstances to protect such Patent, Trademark or Copyright.  In the event that such Grantor institutes suit because any of its Patents, Trademarks or Copyrights constituting Collateral is infringed upon, or misappropriated or diluted by a third party, such Grantor shall comply with Section 4.6.

 

4.7.                            Commercial Tort Claims.  Such Grantor shall promptly, and in any event within five Business Days after the same is acquired by it, notify the Administrative Agent of any Commercial Tort Claim and in excess of $500,000 (individually or in the aggregate) acquired by it and, unless the Administrative Agent otherwise consents, such Grantor shall enter into an amendment to this Security Agreement, in the form of Exhibit F hereto, granting to Administrative Agent a first priority security interest in such Commercial Tort Claim (subject to Liens permitted by Section 6.02 of the Shake Shack Credit Agreement.

 

4.8.                            Letter-of-Credit Rights.  If such Grantor is or becomes the beneficiary of a letter of credit, it shall promptly, and in any event within five Business Days after becoming a beneficiary, notify

 

9

 

the Administrative Agent thereof and cause the issuer and/or confirmation bank to consent to the assignment of any Letter-of-Credit Rights to the Administrative Agent.

 

4.9.                            Federal, State or Municipal Claims.  Such Grantor will promptly, and in any event within five Business Days after the same is acquired by it, notify the Administrative Agent of any Collateral which constitutes a claim against the United States government or any state or local government or any instrumentality or agency thereof, the assignment of which claim is restricted by federal, state or municipal law.

 

4.10.                     No Interference.  Unless required by law, such Grantor agrees that it will not interfere with any right, power and remedy of the Administrative Agent provided for in this Security Agreement or now or hereafter existing at law or in equity or by statute or otherwise, or the exercise or beginning of the exercise by the Administrative Agent of any one or more of such rights, powers or remedies.

 

4.11.                     Change of Name or Location; Change of Fiscal Year.  Such Grantor shall not (a) change its name as it appears in official filings in the state of its incorporation or organization, (b) change its chief executive office, principal place of business, mailing address, corporate offices or warehouses or locations at which Collateral is held or stored, or the location of its records concerning the Collateral as set forth on Exhibit A (as such Exhibit may be updated from time to time in accordance with Section 8.3 hereof),  (c) change the type of entity that it is, (d) change its organization identification number, if any, issued by its state of incorporation or other organization, or (e) change its state of incorporation or organization, in each case, unless (i) such location is in the continental U.S., (ii) the Administrative Agent shall have received at least fifteen days prior written notice of such change, (iii) such change could not reasonably be expected to materially adversely affect the validity, perfection or priority of the Administrative Agent’s security interest in the Collateral and (iv) any reasonable action requested by the Administrative Agent in connection therewith has been completed or taken (including any action to continue the perfection of any Liens in favor of the Administrative Agent).

 

ARTICLE V.
 EVENTS OF DEFAULT AND REMEDIES

 

5.1.                            Events of Default.  The occurrence of any one or more of the following events shall constitute an Event of Default hereunder:

 

(a)                                 Any representation or warranty made by or on behalf of any Grantor under or in connection with this Security Agreement shall be materially false as of the date on which made.

 

(b)                                 The breach by any Grantor of any of the terms or provisions of Article IV, which breach remains unremedied for a period of five Business Days.

 

(c)                                  The breach by any Grantor (other than a breach which constitutes an Event of Default under any other Section of this Article V) of any of the terms or provisions of this Security Agreement which is not remedied within ten Business Days after such breach; and

 

(d)                                 The occurrence of any “Event of Default” under, and as defined in, the Shake Shack Credit Agreement.

 

10

 

5.2.                            Remedies.

 

(a)                                 Upon the occurrence and during the continuation of an Event of Default, the Administrative Agent may, with the concurrence or at the direction of the Required Secured Parties, exercise any or all of the following rights and remedies:

 

(i)                                     those rights and remedies provided in this Security Agreement, the Shake Shack Credit Agreement, or any other Loan Document; provided that, this Section 5.2(a) shall not be understood to limit any rights or remedies available to the Administrative Agent and the Lenders prior to an Event of Default;

 

(ii)                                  those rights and remedies available to a secured party under the UCC (whether or not the UCC applies to the affected Collateral) or under any other applicable law (including, without limitation, any law governing the exercise of a bank’s right of setoff or bankers’ lien) when a debtor is in default under a security agreement;

 

(iii)                               give notice of sole control or any other instruction under any control agreement with any securities intermediary and take any action therein with respect to such Collateral; and

 

(iv)                              without notice (except as specifically provided in Section 7.1 or elsewhere herein), demand or advertisement of any kind to any Grantor or any other Person, enter the premises of any Grantor where any Collateral is located (through self-help and without judicial process) to collect, receive, assemble, process, appropriate, sell, lease, assign, grant an option or options to purchase or otherwise dispose of, deliver, or realize upon, the Collateral or any part thereof in one or more parcels at public or private sale or sales (which sales may be adjourned or continued from time to time with or without notice and may take place at any Grantor’s premises or elsewhere), for cash, on credit or for future delivery without assumption of any credit risk, and upon such other terms as the Administrative Agent may deem commercially reasonable.

 

(b)                                 The Administrative Agent, on behalf of the Lenders, may comply with any applicable state or federal law requirements in connection with a disposition of the Collateral and compliance will not be considered to adversely affect the commercial reasonableness of any sale of the Collateral.

 

(c)                                  The Administrative Agent shall have the right upon any such public sale or sales and, to the extent permitted by law, upon any such private sale or sales, to purchase for the benefit of the Administrative Agent and the Lenders, the whole or any part of the Collateral so sold, free of any right of equity redemption, which equity redemption each Grantor hereby expressly releases.

 

(d)                                 Until the Administrative Agent is able to effect a sale, lease, or other disposition of Collateral, the Administrative Agent shall have the right to hold or use Collateral, or any part thereof, to the extent that it deems appropriate for the purpose of preserving Collateral or its value or for any other purpose deemed appropriate by the Administrative Agent.  The Administrative Agent may, if it so elects, seek the appointment of a receiver or keeper to take possession of Collateral and to enforce any of the Administrative Agent’s remedies (for the benefit of the Administrative Agent and Lenders), with respect to such appointment without prior notice or hearing as to such appointment.

 

(e)                                  If, after the Shake Shack Credit Agreement has terminated by its terms and all of the Obligations have been paid in full, there remain Swap Obligations outstanding, the Required Secured

 

11

 

Parties may exercise the remedies provided in this Section 5.2 upon the occurrence of any event which would allow or require the termination or acceleration of any Swap Obligations pursuant to the terms of the Swap Agreement.

 

(f)                                   Notwithstanding the foregoing, neither the Administrative Agent nor the Lenders shall be required to (i) make any demand upon, or pursue or exhaust any of their rights or remedies against, any Grantor, any other obligor, guarantor, pledgor or any other Person with respect to the payment of the Secured Obligations or to pursue or exhaust any of their rights or remedies with respect to any Collateral therefor or any direct or indirect guarantee thereof, (ii) marshal the Collateral or any guarantee of the Secured Obligations or to resort to the Collateral or any such guarantee in any particular order, or (iii) effect a public sale of any Collateral.

 

(g)                                  Each Grantor acknowledges that any private sale may result in prices and other terms less favorable to the seller than if such sale were a public sale and, notwithstanding such circumstances, agrees that any such private sale shall not be deemed to have been made in a commercially unreasonable manner solely by virtue of such sale being private.

 

5.3.                            Grantor’s Obligations Upon Event of Default.  Upon the request of the Administrative Agent after the occurrence and during the continuation of an Event of Default, each Grantor will:

 

(a)                                 assemble and make available to the Administrative Agent the Collateral and all books and records relating thereto at any place or places specified by the Administrative Agent, whether at a Grantor’s premises or elsewhere;

 

(b)                                 permit the Administrative Agent, by the Administrative Agent’s representatives and agents, to enter, occupy and use any premises where all or any part of the Collateral, or the books and records relating thereto, or both, are located, to take possession of all or any part of the Collateral or the books and records relating thereto, or both, to remove all or any part of the Collateral or the books and records relating thereto, or both, and to conduct sales of the Collateral, without any obligation to pay the Grantors for such use and occupancy; and

 

(c)                                  at its own expense, cause the independent certified public accountants then engaged by each Grantor to prepare and deliver to the Administrative Agent and each Lender, at any time, and from time to time, promptly upon the Administrative Agent’s request, the following reports with respect to the applicable Grantor: (i) a reconciliation of all Accounts; (ii) an aging of all Accounts; (iii) trial balances; and (iv) a test verification of such Accounts.

 

5.4.                            Grant of Intellectual Property License.  For the purpose of enabling the Administrative Agent to exercise the rights and remedies under this Article V at such time as the Administrative Agent shall be lawfully entitled to exercise such rights and remedies, each Grantor hereby (a) grants to the Administrative Agent, for the benefit of the Administrative Agent and the Lenders a nonexclusive license (exercisable without payment of royalty or other compensation to any Grantor and only during the occurrence of and continuation of an Event of Default and after acceleration of the Obligations) to use, license or sublicense any Intellectual Property now owned or hereafter acquired by such Grantor, and wherever the same may be located, and including in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof and (b) irrevocably agrees that the Administrative Agent may sell any of such Grantor’s Inventory directly to any person, including without limitation persons who have previously purchased the Grantor’s Inventory from such Grantor and in connection with any such sale or other enforcement of the Administrative Agent’s rights under this Security Agreement, may sell Inventory which bears any Trademark owned by or licensed to such Grantor and any Inventory that is covered by

 

12

 

any Copyright owned by or licensed to such Grantor and the Administrative Agent may finish any work in process and affix any Trademark owned by or licensed to such Grantor and sell such Inventory as provided herein.  With respect to the Trademarks licensed to the Administrative Agent under the foregoing license, prior to any acceleration of the Obligations the license shall be subject to Administrative Agent’s compliance with commercially reasonable quality control provisions provided by Grantor, as amended from time to time.

 

ARTICLE VI.
 ATTORNEY IN FACT; PROXY

 

6.1.                            Authorization for Secured Party to Take Certain Action.

 

(a)                                 Each Grantor irrevocably authorizes the Administrative Agent at any time and from time to time in the sole discretion of the Administrative Agent and appoints the Administrative Agent as its attorney in fact (i) to execute on behalf of such Grantor as debtor and to file financing statements necessary or desirable in the Administrative Agent’s sole discretion to perfect and to maintain the perfection and priority of the Administrative Agent’s security interest in the Collateral, (ii) to file a carbon, photographic or other reproduction of this Security Agreement or any financing statement with respect to the Collateral as a financing statement and to file any other financing statement or amendment of a financing statement (which does not add new collateral or add a debtor) in such offices as the Administrative Agent in its sole discretion deems necessary or desirable to perfect and to maintain the perfection and priority of the Administrative Agent’s security interest in the Collateral, (iii) to endorse and collect any cash proceeds of the Collateral, (iv) to apply the proceeds of any Collateral received by the Administrative Agent to the Secured Obligations as provided in Section 2.16 of the Shake Shack Credit Agreement, (v) to discharge past due taxes, assessments, charges, fees or Liens on the Collateral (except for such Liens as are specifically permitted hereunder), (vi) to contact Account Debtors for any reason, (vii) to prepare, file and sign such Grantor’s name on a proof of claim in bankruptcy or similar document against any Account Debtor of such Grantor, (viii) to change the address for delivery of mail addressed to such Grantor to such address as the Administrative Agent may designate and to receive, open and dispose of all mail addressed to such Grantor, and (ix) to do all other acts and things necessary to carry out this Security Agreement; and such Grantor agrees to reimburse the Administrative Agent on demand for any payment made or any expense incurred by the Administrative Agent in connection with any of the foregoing; provided that, this authorization shall not relieve such Grantor of any of its obligations under this Security Agreement or under the Shake Shack Credit Agreement; and provided further that notwithstanding anything to the contrary in this Section 6.1(a) the Administrative Agent agrees that it will not exercise any rights under the power of attorney provided for under subsections (iii)-(ix) hereof unless an Event of Default shall have occurred and is continuing.

 

(b)                                 All acts of said attorney or designee are hereby ratified and approved.  The powers conferred on the Administrative Agent, for the benefit of the Administrative Agent and Lenders, under this Section 6.1 are solely to protect the Administrative Agent’s interests in the Collateral and shall not impose any duty upon the Administrative Agent or any Lender to exercise any such powers.

 

6.2.                            Nature of Appointment; Limitation of Duty.  THE APPOINTMENT OF THE ADMINISTRATIVE AGENT AS PROXY AND ATTORNEY-IN-FACT IN THIS ARTICLE VI IS COUPLED WITH AN INTEREST AND SHALL BE IRREVOCABLE UNTIL THE DATE ON WHICH THIS SECURITY AGREEMENT IS TERMINATED IN ACCORDANCE WITH SECTION 7.14.  NOTWITHSTANDING ANYTHING CONTAINED HEREIN, NEITHER THE ADMINISTRATIVE AGENT, NOR ANY LENDER, NOR ANY OF THEIR RESPECTIVE AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, AGENTS OR REPRESENTATIVES SHALL HAVE ANY DUTY TO EXERCISE ANY RIGHT OR POWER GRANTED HEREUNDER OR OTHERWISE OR TO

 

13

 

PRESERVE THE SAME AND SHALL NOT BE LIABLE FOR ANY FAILURE TO DO SO OR FOR ANY DELAY IN DOING SO, EXCEPT IN RESPECT OF DAMAGES ATTRIBUTABLE SOLELY TO THEIR OWN GROSS NEGLIGENCE OR WILLFUL MISCONDUCT AS FINALLY DETERMINED BY A COURT OF COMPETENT JURISDICTION; PROVIDED THAT, IN NO EVENT SHALL THEY BE LIABLE FOR ANY PUNITIVE, EXEMPLARY, INDIRECT OR CONSEQUENTIAL DAMAGES.

 

ARTICLE VII.
 GENERAL PROVISIONS

 

7.1.                            Waivers.  Each Grantor hereby waives notice of the time and place of any public sale or the time after which any private sale or other disposition of all or any part of the Collateral may be made.  To the extent such notice may not be waived under applicable law, any notice made shall be deemed reasonable if sent to the Grantors, addressed as set forth in Article VIII, at least ten days prior to (i) the date of any such public sale or (ii) the time after which any such private sale or other disposition may be made.  To the maximum extent permitted by applicable law, each Grantor waives all claims, damages, and demands against the Administrative Agent or any Lender arising out of the repossession, retention or sale of the Collateral, except such as arise solely out of the gross negligence or willful misconduct of the Administrative Agent or such Lender as finally determined by a court of competent jurisdiction.  To the extent it may lawfully do so, each Grantor absolutely and irrevocably waives and relinquishes the benefit and advantage of, and covenants not to assert against the Administrative Agent or any Lender, any valuation,  appraisal, extension, moratorium, redemption or similar laws and any and all rights or defenses it may have as a surety now or hereafter existing which, but for this provision, might be applicable to the sale of any Collateral made under the judgment, order or decree of any court, or privately under the power of sale conferred by this Security Agreement, or otherwise.  Except as otherwise specifically provided herein, each Grantor hereby waives presentment, demand, protest or any notice (to the maximum extent permitted by applicable law) of any kind in connection with this Security Agreement or any Collateral.

 

7.2.                            Limitation on Administrative Agent’s and Lenders’ Duty with Respect to the Collateral.  The Administrative Agent shall have no obligation to clean-up or otherwise prepare the Collateral for sale.  The Administrative Agent and each Lender shall use reasonable care with respect to the Collateral in its possession or under its control.  Neither the Administrative Agent nor any Lender shall have any other duty as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Administrative Agent or such Lender, or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto.  To the extent that applicable law imposes duties on the Administrative Agent to exercise remedies in a commercially reasonable manner, each Grantor acknowledges and agrees that it is commercially reasonable for the Administrative Agent (i) to fail to incur expenses deemed significant by the Administrative Agent to prepare Collateral for disposition or otherwise to transform raw material or work in process into finished goods or other finished products for disposition, (ii) to fail to obtain third party consents for access to Collateral to be disposed of, or to obtain or, if not required by other law, to fail to obtain governmental or third party consents for the collection or disposition of Collateral to be collected or disposed of, (iii) to fail to exercise collection remedies against Account Debtors or other Persons obligated on Collateral or to remove Liens on or any adverse claims against Collateral, (iv) to exercise collection remedies against Account Debtors and other Persons obligated on Collateral directly or through the use of collection agencies and other collection specialists, (v) to advertise dispositions of Collateral through publications or media of general circulation, whether or not the Collateral is of a specialized nature, (vi) to contact other Persons, whether or not in the same business as such Grantor, for expressions of interest in acquiring all or any portion of such Collateral, (vii) to hire one or more professional auctioneers to assist in the disposition of Collateral, whether or not the Collateral is of a specialized nature, (viii) to dispose of Collateral by utilizing internet sites that provide for the auction of assets of the types included in the Collateral or that have the reasonable capacity of doing so, or that match buyers and sellers of assets, (ix) to dispose of assets in

 

14

 

wholesale rather than retail markets, (x) to disclaim disposition warranties, such as title, possession or quiet enjoyment, (xi) to purchase insurance or credit enhancements to insure the Administrative Agent against risks of loss, collection or disposition of Collateral or to provide to the Administrative Agent a guaranteed return from the collection or disposition of Collateral, or (xii) to the extent deemed appropriate by the Administrative Agent, to obtain the services of other brokers, investment bankers, consultants and other professionals to assist the Administrative Agent in the collection or disposition of any of the Collateral.  Each Grantor acknowledges that the purpose of this Section 7.2 is to provide non-exhaustive indications of what actions or omissions by the Administrative Agent would be commercially reasonable in the Administrative Agent’s exercise of remedies against the Collateral and that other actions or omissions by the Administrative Agent shall not be deemed commercially unreasonable solely on account of not being indicated in this Section 7.2.  Without limitation upon the foregoing, nothing contained in this Section 7.2 shall be construed to grant any rights to any Grantor or to impose any duties on the Administrative Agent that would not have been granted or imposed by this Security Agreement or by applicable law in the absence of this Section 7.2.

 

7.3.                            Compromises and Collection of Collateral.  The Grantors and the Administrative Agent recognize that setoffs, counterclaims, defenses and other claims may be asserted by obligors with respect to certain of the Receivables, that certain of the Receivables may be or become uncollectible in whole or in part and that the expense and probability of success in litigating a disputed Receivable may exceed the amount that reasonably may be expected to be recovered with respect to a Receivable.  In view of the foregoing, each Grantor agrees that the Administrative Agent may at any time and from time to time, if an Event of Default has occurred and is continuing, compromise with the obligor on any Receivable, accept in full payment of any Receivable such amount as the Administrative Agent in its sole discretion shall determine or abandon any Receivable, and any such action by the Administrative Agent shall be commercially reasonable so long as the Administrative Agent acts in good faith based on information known to it at the time it takes any such action.

 

7.4.                            Secured Party Performance of Debtor Obligations.  Without having any obligation to do so, the Administrative Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in this Security Agreement and the Grantors shall reimburse the Administrative Agent for any amounts paid by the Administrative Agent pursuant to this Section 7.4 in the event that such Grantor failed to pay or perform such obligation.  The Grantors’ obligation to reimburse the Administrative Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.

 

7.5.                            Specific Performance of Certain Covenants.  Each Grantor acknowledges and agrees that a breach of any of the covenants contained in Sections 4.2, 4.3, 4.4, 4.5, 4.6, 4.7, 4.8, 4.9, 4.10, 5.3 or 7.7 will cause irreparable injury to the Administrative Agent and the Lenders, that the Administrative Agent and Lenders have no adequate remedy at law in respect of such breaches and therefore agrees, without limiting the right of the Administrative Agent or the Lenders to seek and obtain specific performance of other obligations of the Grantors contained in this Security Agreement, that the covenants of the Grantors contained in the Sections referred to in this Section 7.5 shall be specifically enforceable against the Grantors.

 

7.6.                            Dispositions Not Authorized.  No Grantor is authorized to sell or otherwise dispose of the Collateral except as permitted under Section 6.05 of the Shake Shack Credit Agreement and notwithstanding any course of dealing between any Grantor and the Administrative Agent or other conduct of the Administrative Agent, no authorization to sell or otherwise dispose of the Collateral (except as permitted under Section 6.05 of the Shake Shack Credit Agreement) shall be binding upon the Administrative Agent or the Lenders unless such authorization is in writing signed by the Administrative Agent with the consent or at the direction of the Required Secured Parties.

 

15

 

7.7.                            No Waiver; Amendments; Cumulative Remedies.  No delay or omission of the Administrative Agent or any Lender to exercise any right or remedy granted under this Security Agreement shall impair such right or remedy or be construed to be a waiver of any Default or an acquiescence therein, and any single or partial exercise of any such right or remedy shall not preclude any other or further exercise thereof or the exercise of any other right or remedy.  No waiver, amendment or other variation of the terms, conditions or provisions of this Security Agreement whatsoever shall be valid unless in writing signed by the Administrative Agent with the concurrence or at the direction of the Lenders required under Section 9.02 of the Shake Shack Credit Agreement and then only to the extent in such writing specifically set forth.  All rights and remedies contained in this Security Agreement or by law afforded shall be cumulative and all shall be available to the Administrative Agent and the Lenders until the Secured Obligations (other than contingent indemnification obligations and Banking Services Obligations) have been paid in full (or with respect to any outstanding Letters of Credit, a cash deposit or Supporting Letter of Credit has been delivered to the Administrative Agent as required by the Shake Shack Credit Agreement).

 

7.8.                            Limitation by Law; Severability of Provisions.  All rights, remedies and powers provided in this Security Agreement may be exercised only to the extent that the exercise thereof does not violate any applicable provision of law, and all the provisions of this Security Agreement are intended to be subject to all applicable mandatory provisions of law that may be controlling and to be limited to the extent necessary so that they shall not render this Security Agreement invalid, unenforceable or not entitled to be recorded or registered, in whole or in part.  Any provision in this Security Agreement that is held to be inoperative, unenforceable, or invalid in any jurisdiction shall, as to that jurisdiction, be inoperative, unenforceable, or invalid without affecting the remaining provisions in that jurisdiction or the operation, enforceability, or validity of that provision in any other jurisdiction, and to this end the provisions of this Security Agreement are declared to be severable.

 

7.9.                            Reinstatement.  This Security Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against any Grantor for liquidation or reorganization, should any Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of any Grantor’s assets, and shall continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the Secured Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Secured Obligations, whether as a “voidable preference,” “fraudulent conveyance,” or otherwise, all as though such payment or performance had not been made.  In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Secured Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.

 

7.10.                     Benefit of Agreement.  The terms and provisions of this Security Agreement shall be binding upon and inure to the benefit of the Grantors, the Administrative Agent and the Lenders and their respective successors and assigns (including all persons who become bound as a debtor to this Security Agreement), except that no Grantor shall have the right to assign its rights or delegate its obligations under this Security Agreement or any interest herein, without the prior written consent of the Administrative Agent.  No sales of participations, assignments, transfers, or other dispositions of any agreement governing the Secured Obligations or any portion thereof or interest therein shall in any manner impair the Lien granted to the Administrative Agent, for the benefit of the Administrative Agent and the Lenders, hereunder.

 

7.11.                     Survival of Representations.  All representations and warranties of the Grantors contained in this Security Agreement shall survive the execution and delivery of this Security Agreement.

 

16

 

7.12.                     Taxes and Expenses.  Any taxes (including income taxes) payable or ruled payable by Federal or State authority in respect of this Security Agreement shall be paid by the Grantors, together with interest and penalties, if any.  The Grantors shall reimburse the Administrative Agent for any and all documented out-of-pocket expenses and internal charges (including reasonable attorneys’, auditors’ and accountants’ fees) paid or incurred by the Administrative Agent in connection with the preparation, execution, delivery, administration, collection and enforcement of this Security Agreement and in the audit, analysis, administration, collection, preservation or sale of the Collateral (including the expenses and charges associated with any periodic or special audit of the Collateral).  Any and all costs and expenses incurred by the Grantors in the performance of actions required pursuant to the terms hereof shall be borne solely by the Grantors.

 

7.13.                     Headings.  The title of and Section headings in this Security Agreement are for convenience of reference only, and shall not govern the interpretation of any of the terms and provisions of this Security Agreement.

 

7.14.                     Termination.  This Security Agreement shall continue in effect (notwithstanding the fact that from time to time there may be no Secured Obligations outstanding) until (i) the Shake Shack Credit Agreement has terminated pursuant to its express terms and (ii) all of the Secured Obligations (other than contingent indemnification obligations and Banking Services Obligations) have been indefeasibly paid and performed in full (or with respect to any outstanding Letters of Credit, a cash deposit or Supporting Letter of Credit has been delivered to the Administrative Agent as required by the Shake Shack Credit Agreement) and no commitments of the Administrative Agent or the Lenders which would give rise to any Secured Obligations are outstanding.

 

7.15.                     Release of Security.

 

(a)                                 At such time as this Security Agreement is terminated pursuant to Section 7.14 hereof, the Collateral shall be released from the first priority Liens created hereby, and this Security Agreement and obligations (other than those expressly stated to survive such termination) of the Administrative Agent and each Grantor hereunder shall terminate, all without delivery of any instrument or performance of any act by any party.  Further, Administrative Agent will (i) execute and deliver, solely at the Grantors’ expense and without any representations, warranties or recourse whatsoever, any UCC termination statements, lien releases, mortgage releases, re-assignments of trademarks, discharges of security interests, and other similar discharge or release documents (and, if applicable, in recordable form) as are reasonably requested by the Borrower and necessary to release, as of record, any and all Liens and all notices of security interests and Liens previously filed by Agent with respect to the Obligations and (ii) return any possessory Collateral previously delivered to the Administrative Agent by a Grantor, solely at the request and expense of the applicable Grantor.  Further, solely to the extent this Security Agreement is terminated pursuant to Section 7.14 hereof, each Grantor is hereby authorized to file UCC amendments or termination statements evidencing the termination of the Liens so released.

 

(b)                                 If any of the Collateral shall be sold, transferred or otherwise disposed of by any Grantor in a transaction permitted by Section 6.05 of the Shake Shack Credit Agreement, Administrative Agent will execute and deliver, solely at the Grantors’ expense and without any representations, warranties or recourse whatsoever, any UCC termination statements, lien releases, mortgage releases, re-assignments of trademarks, discharges of security interests, and other similar discharge or release documents (and, if applicable, in recordable form) as are reasonably requested by the Borrower to release such Liens.

 

7.16.                     Entire Agreement.  This Security Agreement embodies the entire agreement and understanding between the Grantors and the Administrative Agent relating to the Collateral and

 

17

 

supersedes all prior agreements and understandings between the Grantors and the Administrative Agent relating to the Collateral.

 

7.17.                     CHOICE OF LAW.  THIS SECURITY AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF NEW YORK, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.

 

7.18.                     CONSENT TO JURISDICTION.  EACH GRANTOR HEREBY IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY U.S. FEDERAL OR NEW YORK STATE COURT SITTING IN NEW YORK, NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS SECURITY AGREEMENT OR ANY OTHER LOAN DOCUMENT AND EACH GRANTOR HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM.  NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE ADMINISTRATIVE AGENT OR ANY LENDER TO BRING PROCEEDINGS AGAINST ANY GRANTOR IN THE COURTS OF ANY OTHER JURISDICTION.  ANY JUDICIAL PROCEEDING BY ANY GRANTOR AGAINST THE ADMINISTRATIVE AGENT OR ANY LENDER OR ANY AFFILIATE OF THE ADMINISTRATIVE AGENT OR ANY LENDER INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS SECURITY AGREEMENT OR ANY OTHER LOAN DOCUMENT SHALL BE BROUGHT ONLY IN A COURT IN NEW YORK, NEW YORK.

 

7.19.                     WAIVER OF JURY TRIAL.  EACH GRANTOR, THE ADMINISTRATIVE AGENT AND EACH LENDER HEREBY WAIVES TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS SECURITY AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE RELATIONSHIP ESTABLISHED THEREUNDER.

 

7.20.                     Indemnity.  Each Grantor hereby agrees to indemnify the Administrative Agent and the Lenders, and their respective successors, assigns, agents and employees, from and against any and all liabilities, damages, penalties, suits, costs, and expenses of any kind and nature (including, without limitation, all expenses of litigation or preparation therefor whether or not the Administrative Agent or any Lender is a party thereto) imposed on, incurred by or asserted against the Administrative Agent or the Lenders, or their respective successors, assigns, agents and employees, in any way relating to or arising out of this Security Agreement, including any claim for Patent, Trademark or Copyright infringement, or arising from the acceptance, rejection, ownership, delivery, lease, possession, use, operation, condition, sale, return or other disposition of any Collateral (including, without limitation, latent and other defects, whether or not discoverable by the Administrative Agent, the Lenders, or any Grantor, in each case, other than in connection with the gross negligence or willful misconduct of the Administrative Agent or any Lender.

 

7.21.                     Counterparts.  This Security Agreement may be executed in any number of counterparts, all of which taken together shall constitute one agreement, and any of the parties hereto may execute this Security Agreement by signing any such counterpart.  Delivery of an executed counterpart of a signature page of this Security Agreement by facsimile or other electronic means shall be effective as delivery of a manually executed counterpart of this Security Agreement.

 

18

 

7.22.                     Renewal and Extension of Liens and Security Interests.  Each Grantor acknowledges that the pledge and grant of liens and security interests made by the Grantors to the Administrative Agent, for the benefit of the Lender Parties, in the Existing Security Agreement, are valid and subsisting, are not impaired or diminished hereby, and are extended and carried forward hereby to secure the prompt payment and performance in full when due, whether by lapse of time, acceleration or otherwise, of the Secured Obligations.

 

ARTICLE VIII.
 NOTICES

 

8.1.                            Sending Notices.  Any notice required or permitted to be given under this Security Agreement shall be sent by United States mail, telecopier, personal delivery or nationally established overnight courier service, and shall be deemed received (a) when received, if sent by hand or overnight courier service, or mailed by certified or registered mail notices or (b) when sent, if sent by telecopier (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient), in each case addressed to the Grantors at the notice address set forth on Exhibit A, and to the Administrative Agent and the Lenders at the addresses set forth in, and accordance with Section 9.01 of the Shake Shack Credit Agreement.

 

8.2.                            Change in Address for Notices.  Each of the Grantors, the Administrative Agent and the Lenders may change the address for service of notice upon it by a notice in writing to the other parties.

 

8.3.                            Exhibits. Subject to compliance with the requirements set forth in Section 5.12 of the Shake Shack Credit Agreement, each Grantor may, from time to time, update the Exhibits attached hereto by delivering such updated Exhibits to the Administrative Agent at the address set forth in, and in accordance with, Section 9.01 of the Shake Shack Credit Agreement.

 

ARTICLE IX.
 THE ADMINISTRATIVE AGENT

 

JPMorgan Chase Bank, N.A. has been appointed Administrative Agent for the Lenders hereunder pursuant to Article VIII of the Shake Shack Credit Agreement.  It is expressly understood and agreed by the parties to this Security Agreement that any authority conferred upon the Administrative Agent hereunder is subject to the terms of the delegation of authority made by the Lenders to the Administrative Agent pursuant to the Shake Shack Credit Agreement, and that the Administrative Agent has agreed to act (and any successor Administrative Agent shall act) as such hereunder only on the express conditions contained in such Article VIII.  Any successor Administrative Agent appointed pursuant to Article VIII of the Shake Shack Credit Agreement shall be entitled to all the rights, interests and benefits of the Administrative Agent hereunder.

 

[Signature Page Follows]

 

19

 

IN WITNESS WHEREOF, the Grantors and the Administrative Agent have executed this Security Agreement as of the date first above written.

 

	
 
    	
SSE HOLDINGS, LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SHAKE SHACK ENTERPRISES, LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
UNION SQUARE HOSPITALITY GROUP, LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Karen Kochevar
    
	
 
    	
 
    	
Name: Karen Kochevar
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SSE IP, LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SHAKE SHACK ENTERPRISES INTERNATIONAL, LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    

 

Shake Shack Pledge and Security Agreement

 

 

	
 
    	
CUSTARD’S FIRST STAND, LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SHAKE SHACK 300 WEST 44th STREET LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SHAKE SHACK 152 EAST 86 LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SHAKE SHACK 366 COLUMBUS LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SHAKE SHACK 18th STREET NW WASHINGTON D.C. LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    

 

Shake Shack Pledge and Security Agreement

 

 

	
 
    	
SHAKE SHACK 1111 LINCOLN ROAD LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SHAKE SHACK SANSOM STREET PHILADELPHIA LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SHAKE SHACK WESTPORT LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SHAKE SHACK FULTON STREET BROOKLYN LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SHAKE SHACK CORAL GABLES, LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    

 

Shake Shack Pledge and Security Agreement

 

 

	
 
    	
SHAKE SHACK GRAND CENTRAL LLC
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SHAKE SHACK WESTBURY LLC
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SHAKE SHACK HARVARD SQUARE BOSTON LLC
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SHAKE SHACK NEW HAVEN LLC
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SHAKE SHACK DOMESTIC LICENSING LLC
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    

 

Shake Shack Pledge and Security Agreement

 

 

	
 
    	
SHAKE SHACK BOSTON CHESTNUT HILL LLC
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SHAKE SHACK BOCA RATON LLC
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SHAKE SHACK 800 F STREET LLC
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SHAKE SHACK KING OF PRUSSIA LLC
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SHAKE SHACK PARAMUS LLC
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    

 

Shake Shack Pledge and Security Agreement

 

 

	
 
    	
SHAKE SHACK UNIVERSITY CITY PHILADELPHIA LLC
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SHAKE SHACK UNITED KINGDOM LLC
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SHAKE SHACK TURKEY LLC
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SHAKE SHACK RUSSIA LLC
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SHAKE SHACK MIDDLE EAST LLC
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeff Uttz
    
	
 
    	
 
    	
Name: Jeff Uttz
    
	
 
    	
 
    	
Title: Chief Financial Officer
    

 

Shake Shack Pledge and Security Agreement

 

 

	
 
    	
J.P.MORGAN   CHASE BANK, N.A.
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ James McDonnell
    
	
 
    	
 
    	
 
    
	
 
    	
Name:
    	
James McDonnell
    
	
 
    	
 
    	
 
    
	
 
    	
Title:
    	
Officer
    
					

 

Shake Shack Pledge and Security Agreement

 

 

EXHIBIT A

(See Sections 3.2, 3.3, 3.4 and 8.1 of Security Agreement)

 

NOTICE ADDRESS FOR UNION SQUARE HOSPITALITY GROUP, LLC 

 

Union Square Hospitality Group

24 Union Square East, 6th Floor

New York, New York 10003

Attention: Jeff Flug (jflug@ushgnyc.com), Karen Kochevar (kkochevar@ushgnyc.com) and Ron

Palmese (rpalmese@ushgnyc.com)

 

NOTICE ADDRESS FOR ALL OTHER GRANTORS

 

SSE Holdings, LLC

24 Union Square East, 5th Floor

New York, New York 10003

Attention: Randy Garutti (rgarutti@shakeshack.com), Jeff Uttz (juttz@shakeshack.com) and Ron

Palmese (rpalmese@ushgnyc.com)

 

I.                                                Name of Grantor, State of Incorporation or Organization, Type of Entity, Organizational  Number, Federal Identification Number (Section 3.2 of Security Agreement)

 

	
Name of Grantor
    	
 
    	
State of

Incorporation or

Organization
    	
 
    	
Type of Entity
    	
 
    	
Organizational

Number
    	
 
    	
Federal

Identification

Number
    
	
Union Square Hospitality Group, LLC
    	
 
    	
NY
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
01-0959808
    
	
Custard’s First Stand, LLC
    	
 
    	
NY
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
26-0083218
    
	
Shake Shack 366 Columbus LLC
    	
 
    	
NY
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
26-2349016
    
	
Shake Shack Enterprises, LLC
    	
 
    	
NY
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
26-4487502
    
	
Shake Shack 152 E 86 LLC
    	
 
    	
NY
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
27-0329939
    
	
Shake Shack Enterprises International, LLC
    	
 
    	
NY
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
27-1616608
    
	
SSE Holdings, LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
30-0586389
    
	
SSE IP, LLC
    	
 
    	
DE
    	
 
    	
Limited liability
    	
 
    	
N/A
    	
 
    	
30-0586393
    

 

 

	
Name of Grantor
    	
 
    	
State of

Incorporation or

Organization
    	
 
    	
Type of Entity
    	
 
    	
Organizational

Number
    	
 
    	
Federal

Identification

Number
    
	
 
    	
 
    	
 
    	
 
    	
company
    	
 
    	
 
    	
 
    	
 
    
	
Shake Shack 1111 Lincoln Road LLC
    	
 
    	
NY
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
27-1182170
    
	
Shake Shack 300 West 44th Street LLC
    	
 
    	
NY
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
27-1299334
    
	
Shake Shack 102 North End Ave LLC
    	
 
    	
NY
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
27-2873457
    
	
Shake Shack 18th Street N.W. Washington D.C.   LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
27-3110175
    
	
Shake Shack Fulton Street Brooklyn LLC
    	
 
    	
NY
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
27-3110348
    
	
Shake Shack Westport LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
27-3300650
    
	
Shake Shack Sansom Street Philadelphia LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
45-2184628
    
	
Shake Shack Coral Gables, LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
45-3002559
    
	
Shake Shack Grand Central LLC
    	
 
    	
NY
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
45-3153278
    
	
Shake Shack Westbury LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
45-3712285
    
	
Shake Shack Harvard Square Boston LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
45-4119510
    
	
Shake Shack New Haven LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
45-4118622
    
	
Shake Shack Domestic Licensing LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
45-4045615
    
	
Shake Shack Boca Raton LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
45-5090380
    
	
Shake Shack Boston Chestnut Hill LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
45-5090439
    

 

 

	
Name of Grantor
    	
 
    	
State of
   Incorporation or
   Organization
    	
 
    	
Type of Entity
    	
 
    	
Organizational
   Number
    	
 
    	
Federal
   Identification
   Number
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Shake Shack Chicago Ohio Street LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
45-5090518
    
	
Shake Shack Middle East LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
80-0911417
    
	
Shake Shack Russia LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
80-0912604
    
	
Shake Shack Turkey LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
90-0955817
    
	
Shake Shack United Kingdom LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
90-0955951
    
	
Shake Shack 800 F Street LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
90-0937283
    
	
Shake Shack King of Prussia LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
90-0937525
    
	
Shake Shack Paramus LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
35-2468381
    
	
Shake Shack University City Philadelphia LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
90-0937553
    
	
Shake Shack Flatbush Brooklyn LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
37-1709174
    
	
Shake Shack Georgetown LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
90-0937541
    
	
Shake Shack Buckhead Atlanta LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
90-0957364
    
	
Shake Shack Las Vegas Park LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
35-2472750
    
	
Shake Shack Tysons Corner Fairfax County LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
30-0800573
    
	
Shake Shack Union Station Washington D.C. LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
30-0800573
    

 

 

	
Name of Grantor
    	
 
    	
State of

Incorporation or

Organization
    	
 
    	
Type of Entity
    	
 
    	
Organizational

Number
    	
 
    	
Federal

Identification

Number
    
	
Shake Shack Winter Park Orlando LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
35-2487248
    
	
Shake Shack DUMBO LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
80-0958402
    
	
Shake Shack South Lamar Austin LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
80-0958090
    
	
Shake Shack The Domain Austin LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
90-1030705
    
	
Shake Shack Newbury Street Boston LLC
    	
 
    	
DE
    	
 
    	
Limited liability company
    	
 
    	
N/A
    	
 
    	
90-1030693
    

 

II.                                   Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address (Section 3.3 of Security Agreement):

 

	
Name of Grantor
    	
 
    	
Place of Business
    	
 
    	
Mailing Address
    
	
Union Square Hospitality Group, LLC
    	
 
    	
24 Union Square East, 6th Floor

New York, NY 10003
    	
 
    	
24 Union Square East, 6th Floor

New York, NY 10003
    
	
Custard’s First Stand, LLC
    	
 
    	
Madison Square Park

New York, NY 10010
    	
 
    	
1133 Broadway

Suite 640

New York, NY 10010
    
	
Shake Shack 366 Columbus LLC
    	
 
    	
366 Columbus Ave

New York, NY 10024
    	
 
    	
Same
    
	
Shake Shack Enterprises, LLC
    	
 
    	
24 Union Square East, 5th Floor

New York, NY 10003
    	
 
    	
Same
    
	
Shake Shack 152 E 86 LLC
    	
 
    	
154 E 86th Street

New York, NY 10128
    	
 
    	
Same
    
	
Shake Shack Enterprises International, LLC
    	
 
    	
24 Union Square East, 5th Floor

New York, NY 10003
    	
 
    	
Same
    
	
SSE Holdings, LLC
    	
 
    	
24 Union Square East, 5th Floor

New York, NY 10003
    	
 
    	
Same
    

 

 

	
Name of Grantor
    	
 
    	
Place of Business
    	
 
    	
Mailing Address
    
	
SSE IP, LLC
    	
 
    	
24 Union Square East, 5th Floor

New York, NY 10003
    	
 
    	
Same
    
	
Shake Shack 1111 Lincoln Road LLC
    	
 
    	
1111 Lincoln Road

Miami, FL 33139
    	
 
    	
Same
    
	
Shake Shack 300 West 44th Street LLC
    	
 
    	
681 8th Avenue

New York, NY 10036
    	
 
    	
Same
    
	
Shake Shack 102 North End Ave LLC
    	
 
    	
215 Murray Street

New York, NY 10282
    	
 
    	
Same
    
	
Shake Shack 18th Street NW Washington D.C. LLC
    	
 
    	
1216 18th Street NW

Washington, D.C. 20036
    	
 
    	
Same
    
	
Shake Shack Fulton Street Brooklyn LLC
    	
 
    	
409 Fulton Street

Brooklyn, NY 11201
    	
 
    	
Same
    
	
Shake Shack Westport LLC
    	
 
    	
1849 Post Road East

Westport, CT 06880
    	
 
    	
Same
    
	
Shake Shack Sansom Street Philadelphia LLC
    	
 
    	
2000-02 Sansom Street

Philadelphia, PA 19103
    	
 
    	
Same
    
	
Shake Shack Coral Gables, LLC
    	
 
    	
1450 South Dixie Highway

(US1)

Coral Gables, FL 33146
    	
 
    	
Same
    
	
Shake Shack Grand Central LLC
    	
 
    	
49 Grand Central Terminal

Lower Level Dining Concourse

New York, NY 10017
    	
 
    	
Same
    
	
Shake Shack Westbury LLC
    	
 
    	
The Gallery at Westbury Plaza

860 Old Country Road

Garden City, NY 11530
    	
 
    	
Same
    
	
Shake Shack Harvard Square Boston LLC
    	
 
    	
92 Winthrop Street

Cambridge, MA 02138
    	
 
    	
Same
    
	
Shake Shack New Haven LLC
    	
 
    	
986 Chapel Street

New Haven, CT 06510
    	
 
    	
Same
    
	
Shake Shack Domestic Licensing LLC
    	
 
    	
24 Union Square East, 5th Floor

New York, NY 10003
    	
 
    	
Same
    
	
Shake Shack Boca Raton LLC
    	
 
    	
1400 Glades Road

Boca Raton, FL 33431
    	
 
    	
Same
    

 

 

	
Name   of Grantor
    	
 
    	
Place of Business
    	
 
    	
Mailing Address
    
	
Shake Shack Boston   Chestnut Hill LLC
    	
 
    	
49 Boylston Street

Chestnut Hill, MA 02467
    	
 
    	
Same
    
	
Shake Shack Chicago   Ohio Street LLC(1)
    	
 
    	
520 North Michigan   Avenue

Chicago, IL 60611
    	
 
    	
c/o Shake Shack   Enterprises, LLC

24 Union Square East, 5th Floor

New York, NY 10003
    
	
Shake Shack Middle East   LLC
    	
 
    	
c/o Shake Shack   Enterprises, LLC

24 Union Square East, 5th Floor

New York, NY 10003
    	
 
    	
Same
    
	
Shake Shack Russia LLC
    	
 
    	
c/o Shake Shack   Enterprises, LLC

24 Union Square East, 5th Floor

New York, NY 10003
    	
 
    	
Same
    
	
Shake Shack Turkey LLC
    	
 
    	
c/o Shake Shack   Enterprises, LLC

24 Union Square East, 5th Floor

New York, NY 10003
    	
 
    	
Same
    
	
Shake Shack United   Kingdom LLC
    	
 
    	
c/o Shake Shack   Enterprises, LLC

24 Union Square East, 5th Floor

New York, NY 10003
    	
 
    	
Same
    
	
Shake Shack 800 F   Street LLC
    	
 
    	
800 F Street N.W.

Washington, DC 20004
    	
 
    	
Same
    
	
Shake Shack King of   Prussia LLC
    	
 
    	
The Plaza at King of   Prussia

160 North Gulph Road,   Suite 233

King of Prussia, PA   19406
    	
 
    	
Same
    
	
Shake Shack Paramus LLC
    	
 
    	
479 Route 17 South

Paramus, NJ 07652
    	
 
    	
Same
    
	
Shake Shack Flatbush   Brooklyn LLC(1)
    	
 
    	
170 Flatbush Avenue

Brooklyn, NY 11217
    	
 
    	
c/o Shake Shack   Enterprises, LLC

24 Union Square East, 5th Floor

New York, NY 10003
    
	
Shake Shack Georgetown   LLC(2)
    	
 
    	
N/A
    	
 
    	
N/A
    

 

(1)  Not open yet

(2)  Lease terminated.

 

 

	
Name   of Grantor
    	
 
    	
Place of Business
    	
 
    	
Mailing Address
    
	
Shake Shack University   City Philadelphia LLC
    	
 
    	
3200 Chestnut Street

Philadelphia, PA 19104
    	
 
    	
c/o Shake Shack   Enterprises, LLC

24 Union Square East, 5th Floor

New York, NY 10003
    
	
Shake Shack Buckhead Atlanta   LLC(1)
    	
 
    	
3035 Peachtree Rd.

Atlanta, GA 30305
    	
 
    	
c/o Shake Shack   Enterprises, LLC

24 Union Square East, 5th Floor

New York, NY 10003
    
	
Shake Shack Las Vegas   Park LLC(3)
    	
 
    	
New York-New York   Hotel & Casino

3790 Las Vegas   Boulevard South

Las Vegas, NV 89109
    	
 
    	
c/o Shake Shack   Enterprises, LLC

24 Union Square East, 5th Floor

New York, NY 10003
    
	
Shake Shack Tysons Corner Fairfax County LLC(1)
    	
 
    	
7903 Tysons One Place

Tysons Corner, VA 22102
    	
 
    	
c/o Shake Shack   Enterprises, LLC

24 Union Square East, 5th Floor

New York, NY 10003
    
	
Shake Shack Union   Station Washington D.C. LLC(1)
    	
 
    	
50 Massachusetts Ave NE

Washington, DC 20002
    	
 
    	
c/o Shake Shack   Enterprises, LLC

24 Union Square East, 5th Floor

New York, NY 10003
    
	
Shake Shack Winter Park   Orlando LLC(1)
    	
 
    	
119 N Orlando Avenue,   Suite #109

Winter Park, FL 32789
    	
 
    	
c/o Shake Shack   Enterprises, LLC

24 Union Square East, 5th Floor

New York, NY 10003
    
	
Shake Shack DUMBO LLC(1)
    	
 
    	
1 Old Fulton Street

Brooklyn, NY 11201
    	
 
    	
c/o Shake Shack   Enterprises, LLC

24 Union Square East, 5th Floor

New York, NY 10003
    
	
Shake Shack South Lamar   Austin LLC(1)
    	
 
    	
1100 South Lamar,   Building 2

Austin, Texas 78704
    	
 
    	
c/o Shake Shack   Enterprises, LLC

24 Union Square East, 5th Floor

New York, NY 10003
    
	
Shake Shack The Domain   Austin LLC(1)
    	
 
    	
1100 South Lamar Bld 2

Austin, TX 78704
    	
 
    	
c/o Shake Shack   Enterprises, LLC

24 Union Square East, 5th Floor

New York, NY 10003
    

 

(3)  Location of property subject to change.

 

 

	
Name of Grantor
    	
 
    	
Place of Business
    	
 
    	
Mailing Address
    
	
Shake Shack Newbury Street Boston LLC(1)
    	
 
    	
234-236 Newbury Street 
   Boston, MA 02116
    	
 
    	
c/o Shake Shack Enterprises, LLC

24 Union Square East, 5th Floor

New York, NY 10003
    

 

III.                              Locations of Collateral (Section 3.4 of Security Agreement):

 

(a)                                 Properties Owned by the Grantor: 

 

None.

 

(b)                                 Properties Leased by the Grantor (Include Landlord’s Name):

 

	
Name of Grantor
    	
 
    	
Property Address
    	
 
    	
Lease Details
    
	
Shake Shack 366 Columbus LLC
    	
 
    	
366 Columbus Ave

New York, NY 10128
    	
 
    	
Agreement of Lease, dated as of February 29, 2008,   between 101 West 77th Street, LLC and Shake Shack 366 Columbus LLC
    
	
Shake Shack 1111 Lincoln Road LLC
    	
 
    	
1111 Lincoln Road

Miami, FL 33139
    	
 
    	
Lease, dated as of October 7, 2009, by and between   MBEACH1, LLP and Shake Shack 1111 Lincoln Road LLC, as amended by Amendment   to Lease, dated as of October 30, 2009
    
	
Shake Shack 152 E 86 LLC
    	
 
    	
154 E 86th Street

New York, NY 10128
    	
 
    	
Lease Agreement, dated as of December 7, 2009,   between 85th Estates Company and Shake Shack 152 E 86 LLC, as amended by   Amendment of Lease, dated as of March 16, 2010, as further amended by   the Letter, dated as of August 3, 2010
    
	
Shake Shack 300 West 44th Street LLC
    	
 
    	
691 8th Avenue

New York, NY 10036
    	
 
    	
Lease, dated as of December 17, 2009, between West   44th Street Hotel LLC and Shake Shack 300 West 44th St LLC
    
	
Shake Shack Fulton Street Brooklyn LLC
    	
 
    	
409 Fulton Street

Brooklyn, NY 11201
    	
 
    	
Agreement of Lease, dated as of July 20, 2010, between   Allied Property Group, LLC and Shake Shack Fulton Street Brooklyn LLC
    
	
Shake Shack 18th Street NW Washington D.C.   LLC
    	
 
    	
1216 18th Street NW

Washington, D.C. 20036
    	
 
    	
Agreement of Lease, dated as of July 22, 2010, by   and between Jemal Vent Limited Partnership and Shake Shack 18th Street NW   Washington D.C. LLC
    
	
Shake Shack 102 North End Ave LLC
    	
 
    	
215 Murray Street

New York, NY 10282
    	
 
    	
Lease, dated as of July 29, 2010, between GS Site   25 Retail, LLC and Shake Shack 102 North
    

 

 

	
 
    	
 
    	
 
    	
 
    	
End Ave LLC
    
	
Shake Shack Sansom   Street Philadelphia LLC
    	
 
    	
2000-02 Sansom Street

Philadelphia, PA 19103
    	
 
    	
Net Lease, dated as of May 16,   2011, by and between Two Nuts L.P., Stefco Realty Corp., Serf Co., GEM   Associates and ESR Associates acting through their agent, Midwood Management   Corp., and Shake Shack Sansom Street Philadelphia, LLC
    
	
Shake Shack Coral   Gables LLC
    	
 
    	
1450 South Dixie   Highway

Coral Gables, FL 33146
    	
 
    	
Commercial Lease, dated   as of July 27, 2011, between 1450 Partnership Ltd. and Shake Shack Coral   Gables, LLC
    
	
Shake Shack Westport   LLC
    	
 
    	
1849 Post Road East

Westport, CT 06880
    	
 
    	
Commercial Lease, dated as of August 31, 2010, by and among K414 East 120th Street Associates, LP,   Somerset Motel, LLC, Peter Wormser, Elizabeth Milwe and Shake Shack Westport   LLC
    
	
Shake Shack Westbury   LLC
    	
 
    	
The Gallery at Westbury   Plaza

900 Old Country Road

Westbury, NY 11590
    	
 
    	
Indenture of Lease,   dated as of November 4, 2011, by and between Equity One (Northeast Portfolio)   Inc. and Shake Shack Westbury LLC
    
	
Shake Shack Grand   Central LLC
    	
 
    	
Space Number LC-19/23

Grand Central Terminal

New York, NY 10017
    	
 
    	
Lease Agreement, dated   as of November 16, 2011, by and between Metropolitan Transportation   Authority, acting by and through Metro-North Commuter Railroad Company, and   Shake Shack Grand Central LLC
    
	
Shake Shack New Haven   LLC
    	
 
    	
986 Chapel Street

New Haven, CT 05610
    	
 
    	
Lease Agreement, dated   as of December 23, 2011, between Yale University and Shake Shack New   Haven LLC, as amended by the Letter, dated as of June 13, 2012
    
	
Shake Shack Boston   Chestnut Hill LLC
    	
 
    	
49 Boylston Street

Chestnut Hill, MA 02467
    	
 
    	
Indenture of Lease,   dated as of April 30, 2012, between Chestnut Hill Shopping Center LLC and   Shake Shack Boston Chestnut Hill LLC, as amended by Amendment No. 1 of   Lease, dated as of December 11, 2013
    
	
Shake Shack Boca Raton   LLC
    	
 
    	
1400 Glades Road

Boca Raton, FL 33431
    	
 
    	
Lease, dated as of   May 21, 2012, between UnCommon Ltd. And Shake Shack Boca Raton LLC, as   amended by the Amendment to Lease, dated as of August 14, 2012, as   further amended by the Second Amendment to Lease, dated as of   December 21, 2012
    
	
Shake Shack Chicago   Ohio Street LLC
    	
 
    	
520 North Michigan   Avenue

Chicago, IL 60611
    	
 
    	
Lease Agreement, dated   as of June 11, 2012, by and between RN 116 Company, L.L.C. and Shake   Shack Chicago Ohio Street LLC, as
    

 

 

	
 
    	
 
    	
 
    	
 
    	
amended by the First   Amendment of Lease, dated as of March 15, 2013
    
	
Shake Shack 800 F   Street LLC
    	
 
    	
800 F Street N.W.

Washington, DC 20004
    	
 
    	
Agreement of Lease,   dated as of August 2, 2012, by and between Jemal’s Historic Row, LLC and   Shake Shack 800 F Street LLC
    
	
Shake Shack King of   Prussia
    	
 
    	
The Plaza at King of   Prussia

160 North Gulph Road,   Suite 233

King of Prussia, PA   19406
    	
 
    	
Lease, dated as of   September 28, 2012, by and between King of Prussia Associates, GP and Shake   Shack King of Prussia LLC
    
	
Shake Shack Paramus LLC
    	
 
    	
479 Route 17 South

Paramus, NJ 07652
    	
 
    	
Sublease, dated as of   November 8, 2012, between Stacks Pancake House and Café, Inc. and   Shake Shack Paramus LLC
    
	
Shake Shack University   City Philadelphia LLC
    	
 
    	
3200 Chestnut Street

Philadelphia, PA 19104
    	
 
    	
Retail Area Lease,   dated as of December 26, 2012, by ACC OP (Chestnut PA) LLC and Shake   Shack University City Philadelphia LLC, as amended by First Amendment to   Retail Area Lease, dated as of August 8, 2013, as further amended by   Second Amendment to Retail Area Lease, dated as of November 5, 2013
    
	
Shake Shack Buckhead   Atlanta LLC
    	
 
    	
3035 Peachtree Rd.

Atlanta, GA 30305
    	
 
    	
Lease, dated as of   January 7, 2013 by and between OMB Buckhead Lender, LLC and Shake Shack   Buckhead Atlanta LLC, as amended by the Amendment to Lease, dated as of   September 9, 2013
    
	
Shake Shack Flatbush   Brooklyn LLC
    	
 
    	
170 Flatbush Avenue

Brooklyn, NY 11217
    	
 
    	
Agreement of Lease,   dated as of January 21, 2013, by and between 162-170 Flatbush Associates   LLC and Shake Shack Flatbush Brooklyn LLC
    
	
Custard’s First Stand,   LLC
    	
 
    	
1133 Broadway
   Suite 640

New York, NY 10010
    	
 
    	
Office Lease, dated as   of February 27, 2013, between Kew Management Corporation and Custard’s   First Stand, LLC
    
	
Shake Shack Harvard   Square Boston LLC
    	
 
    	
92 Winthrop Street

Cambridge, MA 02138
    	
 
    	
Agreement of Lease,   dated as of February 28, 2013, by and between Crimson Galeria Limited Partnership   and Shake Shack Harvard Square Boston LLC, as amended by the First Amendment   to Commercial Lease, dated as of July 22, 2013
    
	
Shake Shack Las Vegas   Park LLC
    	
 
    	
New York-New York   Hotel & Casino

3790 Las Vegas   Boulevard South

Las Vegas, NV 89109
    	
 
    	
Lease Agreement, dated   as of April 12, 2013, between New York-New York Tower, LLC and Shake   Shack Las Vegas Park LLC
    

 

 

	
Shake Shack Winter Park Orlando LLC
    	
 
    	
119 N Orlando Avenue, Suite #109
   Winter Park, FL 32789
    	
 
    	
Lease Agreement, dated as of June 27, 2013   between Lakeside Winter Park, LLC and Shake Shack Winter Park Orlando LLC
    
	
Shake Shack Tysons Corner Fairfax County LLC
    	
 
    	
7903 Tysons One Place
   Tysons Corner, VA 22102
    	
 
    	
Lease Agreement, dated as of July 1, 2013 by   and between Tysons Corner Holdings LLC and Shake Shack Tysons Corner Fairfax   County LLC
    
	
Shake Shack DUMBO LLC
    	
 
    	
1 Old Fulton Street
   Brooklyn, NY 11201
    	
 
    	
Agreement of Lease, dated as of July 15, 2013,   by and between DUMBO LLC and Shake Shack DUMBO LLC, as amended by First   Amendment to Lease, dated as of July 22, 2013
    
	
Shake Shack Union Station Washington D.C. LLC
    	
 
    	
50 Massachusetts Ave NE
   Washington, DC 20002
    	
 
    	
Lease Agreement, dated as of July 16, 2013, by   and between Union Station Investco, LLC and Shake Shack Union Station DC LLC
    
	
Shake Shack Enterprises, LLC
    	
 
    	
24 Union Square East, 5th Floor
   New York, NY 10003
    	
 
    	
Office Lease, dated as of October 1, 2013,
   between S. Klein Family LLC and Shake Shack Enterprises, LLC
    
	
Shake Shack South Lamar Austin LLC
    	
 
    	
1100 South Lamar, Building 2
   Austin, Texas 78704
    	
 
    	
Lease Agreement, dated as of October 15,
   2013, between GDG South Lamar Plaza LP and Shake Shack South Lamar Austin LLC
    
	
Custard’s First Stand, LLC
    	
 
    	
Madison Square Park
   Madison Avenue
   New York, NY 10010
    	
 
    	
License Agreement, dated as of October 22,   2013, between City of New York Department of Parks & Recreation and   Custard’s First Stand LLC
    
	
Shake Shack Newbury Street Boston LLC
    	
 
    	
234-236 Newbury Street
   Boston, MA 02116
    	
 
    	
Lease, dated as of November 15, 2013, between   Jamestown 234-236 Newbury Street, Limited Partnership and Shake Shack Newbury   Street Boston LLC
    
	
Shake Shack The Domain Austin LLC
    	
 
    	
1100 South Lamar Bld 2
   Austin, TX 78704
    	
 
    	
Lease, dated as of December 5, 2013, by and   between The Domain Mall, LLC and Shake Shack The Domain Austin LLC
    

 

(c)                                  Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee):

 

None.

 

 

EXHIBIT B

(See Section 3.5 of Security Agreement)

 

DEPOSIT ACCOUNTS

 

	
Name of Grantor
    	
 
    	
Name of Institution
    	
 
    	
Account Number
    	
 
    	
Description of Deposit
    Account
    
	
SSE   Holdings, LLC
    	
 
    	
JPMorgan   Chase Bank
    	
 
    	
 
    	
 
    	
Operating Account
    
	
SSE   Holdings, LLC
    	
 
    	
JPMorgan   Chase Bank
    	
 
    	
 
    	
 
    	
Master Deposit Account
    
	
Shake   Shack Enterprises, LLC
    	
 
    	
JPMorgan   Chase Bank
    	
 
    	
 
    	
 
    	
Operating Account
    
	
Shake   Shack Enterprises, LLC
    	
 
    	
JPMorgan   Chase Bank
    	
 
    	
 
    	
 
    	
Money market
    
	
Shake   Shack Enterprises, LLC
    	
 
    	
JPMorgan   Chase Bank
    	
 
    	
 
    	
 
    	
LOC
    
	
Shake   Shack Enterprises, LLC
    	
 
    	
JPMorgan   Chase Bank
    	
 
    	
 
    	
 
    	
SSE Payroll Account
    
	
Shake   Shack Enterprises, LLC
    	
 
    	
JPMorgan   Chase Bank
    	
 
    	
 
    	
 
    	
SSE ACH Account
    
	
Custard’s   First Stand, LLC
    	
 
    	
JPMorgan   Chase Bank
    	
 
    	
 
    	
 
    	
Operating Account
    
	
Custard’s   First Stand, LLC
    	
 
    	
JPMorgan   Chase Bank
    	
 
    	
 
    	
 
    	
Payroll Account
    
	
Shake   Shack 366 Columbus, LLC
    	
 
    	
JPMorgan   Chase Bank
    	
 
    	
 
    	
 
    	
Operating Account
    
	
Shake   Shack 366 Columbus, LLC
    	
 
    	
JPMorgan   Chase Bank
    	
 
    	
 
    	
 
    	
Payroll Account
    
	
Shake   Shack Fulton Street Brooklyn LLC
    	
 
    	
JPMorgan   Chase Bank
    	
 
    	
 
    	
 
    	
Operating Account
    
	
Shake   Shack Fulton Street Brooklyn LLC
    	
 
    	
JPMorgan   Chase Bank
    	
 
    	
 
    	
 
    	
Payroll Account
    
	
Shake   Shack 102 North End Ave LLC
    	
 
    	
JPMorgan   Chase Bank
    	
 
    	
 
    	
 
    	
Operating Account
    
	
Shake   Shack 102 North End Ave LLC
    	
 
    	
JPMorgan   Chase Bank
    	
 
    	
 
    	
 
    	
Payroll Account
    
	
Shake Shack 18th Street NW Washington D.C. LLC
    	
 
    	
JPMorgan Chase Bank 
    	
 
    	
 
    	
 
    	
Operating   Account
    
	
Shake Shack 18th Street NW Washington D.C. LLC
    	
 
    	
JPMorgan Chase Bank 
    	
 
    	
 
    	
 
    	
Payroll Account
    
	
Shake Shack 1111   Lincoln Road LLC 
    	
 
    	
JPMorgan Chase Bank 
    	
 
    	
 
    	
 
    	
Operating   Account
    
	
Shake Shack 1111   Lincoln Road LLC
    	
 
    	
JPMorgan Chase Bank 
    	
 
    	
 
    	
 
    	
Payroll Account
    
	
Shake Shack 300 West 44th Street, LLC
    	
 
    	
JPMorgan Chase Bank 
    	
 
    	
 
    	
 
    	
Operating   Account
    

 

 

	
Shake Shack 300 West 44th Street LLC
    	
 
    	
JPMorgan Chase Bank
    	
 
    	
 
    	
 
    	
Payroll Account
    
	
Shake Shack Westport LLC
    	
 
    	
JPMorgan Chase Bank
    	
 
    	
 
    	
 
    	
Operating Account
    
	
Shake Shack Westport LLC
    	
 
    	
JPMorgan Chase Bank
    	
 
    	
 
    	
 
    	
Payroll Account
    
	
Shake Shack 152 E 86 LLC
    	
 
    	
JPMorgan Chase Bank
    	
 
    	
 
    	
 
    	
Operating Account
    
	
Shake Shack 152 E 86 LLC
    	
 
    	
JPMorgan Chase Bank
    	
 
    	
 
    	
 
    	
Payroll Account
    
	
Shake Shack Coral Gables, LLC
    	
 
    	
JPMorgan Chase Bank
    	
 
    	
 
    	
 
    	
Operating Account
    
	
Shake Shack Coral Gables, LLC
    	
 
    	
JPMorgan Chase Bank
    	
 
    	
 
    	
 
    	
Payroll Account
    
	
Shake Shack Grand Central LLC
    	
 
    	
JPMorgan Chase Bank
    	
 
    	
 
    	
 
    	
Operating Account
    
	
Shake Shack Grand Central LLC
    	
 
    	
JPMorgan Chase Bank
    	
 
    	
 
    	
 
    	
Payroll Account
    
	
Shake Shack New Haven LLC
    	
 
    	
JPMorgan Chase Bank
    	
 
    	
 
    	
 
    	
Operating Account
    
	
Shake Shack New Haven LLC
    	
 
    	
JPMorgan Chase Bank
    	
 
    	
 
    	
 
    	
Payroll Account
    
	
Shake Shack Sansom Street Philadelphia LLC
    	
 
    	
JPMorgan Chase Bank
    	
 
    	
 
    	
 
    	
Operating Account
    
	
Shake Shack Sansom Street Philadelphia LLC
    	
 
    	
JPMorgan Chase Bank
    	
 
    	
 
    	
 
    	
Payroll Account
    
	
Shake Shack Westbury LLC
    	
 
    	
JPMorgan Chase Bank
    	
 
    	
 
    	
 
    	
Operating Account
    
	
Shake Shack Westbury LLC
    	
 
    	
JPMorgan Chase Bank
    	
 
    	
 
    	
 
    	
Payroll Account
    
	
Shake Shack Boston Chestnut Hill, LLC
    	
 
    	
JPMorgan Chase Bank
    	
 
    	
 
    	
 
    	
Operating Account
    
	
Shake Shack Boca Raton LLC
    	
 
    	
JPMorgan Chase Bank
    	
 
    	
 
    	
 
    	
Operating Account
    
	
Shake Shack 800 F Street LLC
    	
 
    	
JPMorgan Chase Bank
    	
 
    	
 
    	
 
    	
Operating Account
    
	
Shake Shack King of Prussia LLC
    	
 
    	
JPMorgan Chase Bank
    	
 
    	
 
    	
 
    	
Operating Account
    
	
Shake Shack University City Philadelphia LLC
    	
 
    	
JPMorgan Chase Bank
    	
 
    	
 
    	
 
    	
Operating Account
    
	
Shake Shack Paramus LLC
    	
 
    	
JPMorgan Chase Bank
    	
 
    	
 
    	
 
    	
Operating Account
    
	
Shake Shack Harvard Square Boston LLC
    	
 
    	
JPMorgan Chase Bank
    	
 
    	
 
    	
 
    	
Operating Account
    
	
Shake Shack Flatbush Brooklyn LLC
    	
 
    	
JPMorgan Chase Bank
    	
 
    	
 
    	
 
    	
Operating Account
    

 

 

EXHIBIT C

(See Section 3.7 of Security Agreement and Definition of “Commercial Tort Claim”)

 

LETTER OF CREDIT RIGHTS

 

None.

 

CHATTEL PAPER

 

None.

 

COMMERCIAL TORT CLAIMS

 

None.

 

 

EXHIBIT D

(See Section 3.8 and 3.9 of Security Agreement)

 

INTELLECTUAL PROPERTY RIGHTS

 

PATENTS AND PATENT APPLICATIONS

 

None.

 

TRADEMARKS

 

See attached.

 

TRADEMARK APPLICATIONS

 

See attached.

 

COPYRIGHTS AND COPYRIGHT APPLICATIONS

 

None.

 

INTELLECTUAL PROPERTY LICENSES

 

	
Name of Grantor
    	
 
    	
Name of Agreement
    	
 
    	
Date of Agreement
    	
 
    	
Parties to Agreement
    
	
Shake Shack Domestic Licensing LLC
    	
 
    	
Master License Agreement
    	
 
    	
January 1, 2012
    	
 
    	
Hudson Yards Sports & Entertainment LLC and   Shake Shack Domestic Licensing LLC
    
	
Shake Shack Domestic Licensing LLC
    	
 
    	
License Agreement
    	
 
    	
November 8, 2012
    	
 
    	
SSP America JFK, LLC and Shake Shack Domestic   Licensing LLC
    
	
Shake Shack Middle East LLC
    	
 
    	
Country Restaurant License Agreement (Middle East)
    	
 
    	
June 13, 2012
    	
 
    	
Alshaya Trading Co. W.L.L. and Shake Shack Middle   East LLC
    
	
Shake Shack Russia LLC
    	
 
    	
Country Restaurant License Agreement (Russia)
    	
 
    	
June 1, 2013
    	
 
    	
Dine Group LLC and Shake Shack Russia LLC
    
	
Shake Shack Turkey LLC
    	
 
    	
Country Restaurant License Agreement (The Republic   of Turkey)
    	
 
    	
June 13, 2012
    	
 
    	
Shaya Magazacilik A.S. and Shake Shack Turkey LLC
    
	
Shake Shack United Kingdom LLC
    	
 
    	
Country Restaurant License Agreement (United   Kingdom)
    	
 
    	
May 15, 2013
    	
 
    	
Lounge Dining Ltd. And Shake Shack United Kingdom   LLC
    

 

 

TRADEMARKS AND TRADEMARK APPLICATIONS

 

	
Trademark
    	
 
    	
Country
    	
 
    	
Status
    	
 
    	
App. No
    	
 
    	
Filing
   Date
    	
 
    	
Reg. No.
    	
 
    	
Reg. Date
    	
 
    	
Renewal
   Date
    	
 
    	
Goods/Services
    
	
+1 REWARDS
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
77/576561
    	
 
    	
9/23/2008
    	
 
    	
3594857
    	
 
    	
3/24/2009
    	
 
    	
3/24/2019
    	
 
    	
35 Int. Providing incentive award programs through   the issuance and processing of prepaid stored value cards for frequent use of   participating restaurants
    
	
BLUE SMOKE
    	
 
    	
European Community
    	
 
    	
Registered
    	
 
    	
009063678
    	
 
    	
4/28/2010
    	
 
    	
009063678
    	
 
    	
10/12/2010
    	
 
    	
4/28/2020
    	
 
    	
43 Int. Restaurant services; providing food and   drink; bar services and catering services
    
	
BLUE SMOKE
    	
 
    	
Japan
    	
 
    	
Registered
    	
 
    	
2008-029739
    	
 
    	
4/16/2008
    	
 
    	
5180642
    	
 
    	
11/14/2008
    	
 
    	
11/14/2018
    	
 
    	
30 Int. Barbecue sauce; spices 

 

43 Int. Providing foods and beverages
    
	
BLUE SMOKE
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
75/796502
    	
 
    	
9/10/1999
    	
 
    	
2601747
    	
 
    	
7/30/2002
    	
 
    	
7/30/2022
    	
 
    	
30 Int. Barbecue sauce and spices

 

42 Int. Restaurant services
    
	
BLUE SMOKE
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
77/197570
    	
 
    	
6/5/2007
    	
 
    	
3378050
    	
 
    	
2/5/2008
    	
 
    	
2/5/2018
    	
 
    	
43 Int. Catering services; contract food services
    
	
BLUE SMOKE
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
77/805670
    	
 
    	
8/17/2009
    	
 
    	
3767215
    	
 
    	
3/30/2010
    	
 
    	
3/30/2020
    	
 
    	
30 Int. Confections, namely, candy
    
	
BLUE SMOKE
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
85/158165
    	
 
    	
10/21/2010
    	
 
    	
3974376
    	
 
    	
6/7/2011
    	
 
    	
6/7/2021
    	
 
    	
30 Int. Bakery products, namely, cookies, fruit   bars, cupcakes, breads, cakes and pies
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
35 Int. Retail bakery services
    
	
BLUE SMOKE
    	
 
    	
Canada
    	
 
    	
Registered
    	
 
    	
1188579
    	
 
    	
9/9/2003
    	
 
    	
641665
    	
 
    	
6/8/2005
    	
 
    	
6/8/2020
    	
 
    	
CA Int. Barbecue sauce and spices

 

Restaurant services
    
	
BLUE SMOKE
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
78/529325
    	
 
    	
12/8/2004
    	
 
    	
3349412
    	
 
    	
12/4/2007
    	
 
    	
12/4/2017
    	
 
    	
29 Int. Roasted peanuts and potato chips 

 

30 Int. Sandwiches

 

32 Int. Ale

 

33 Int. Bourbon
    
	
BOX FRITES
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
77/608693
    	
 
    	
11/6/2008
    	
 
    	
3807858
    	
 
    	
6/22/2010
    	
 
    	
6/22/2020
    	
 
    	
43 Int. Providing food and drink
    
	
CAROLINA KICK
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
77/349337
    	
 
    	
12/11/2007
    	
 
    	
3541516
    	
 
    	
12/2/2008
    	
 
    	
12/2/2018
    	
 
    	
30 Int. Barbecue sauce
    
	
EL VERANO TAQUERIA & DESIGN
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
77/621105
    	
 
    	
11/24/2008
    	
 
    	
4049622
    	
 
    	
11/1/2011
    	
 
    	
11/1/2021
    	
 
    	
43 Int. Providing food and drink; restaurant   services
    
	
ELEVEN MADISON PARK
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
75/369415
    	
 
    	
10/7/1997
    	
 
    	
2406631
    	
 
    	
11/21/2000
    	
 
    	
11/21/2020
    	
 
    	
42 Int. Restaurant services
    
	
GRAMERCY TAVERN
    	
 
    	
European Community
    	
 
    	
Registered
    	
 
    	
008218844
    	
 
    	
4/15/2009
    	
 
    	
008218844
    	
 
    	
9/24/2009
    	
 
    	
4/15/2019
    	
 
    	
43 Int. Restaurant services
    
	
GRAMERCY TAVERN
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
75/255450
    	
 
    	
3/11/1997
    	
 
    	
2271356
    	
 
    	
8/24/1999
    	
 
    	
8/24/2019
    	
 
    	
42 Int. Restaurant services
    
	
HQ
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
85188919
    	
 
    	
12/2/10
    	
 
    	
4141037
    	
 
    	
5/15/12
    	
 
    	
 
    	
 
    	
35 Business and Consulting Services; 41 Educational Services
    
	

    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
77929220
    	
 
    	
2/5/10
    	
 
    	
3960474
    	
 
    	
5/17/11
    	
 
    	
 
    	
 
    	
35 Business and Consulting Services; 41 Educational Services
    
	

 
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
77929181
    	
 
    	
2/5/10
    	
 
    	
3960473
    	
 
    	
5/17/11
    	
 
    	
 
    	
 
    	
35 Business and Consulting Services; 41 Educational
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Services
    
	
HOSPITALITY QUOTIENT
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
77928516
    	
 
    	
2/4/10
    	
 
    	
3960472
    	
 
    	
5/17/11
    	
 
    	
 
    	
 
    	
35 Business and Consulting Services; 41 Educational Services
    
	
HUDSON YARDS CATERING
    	
 
    	
United States
    	
 
    	
Pending
    	
 
    	
85/949859
    	
 
    	
6/4/2013
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43 Int. Catering; contract food services
    
	
HUDSON YARDS SPORTS & ENTERTAINMENT
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
77/533731
    	
 
    	
7/29/2008
    	
 
    	
3656089
    	
 
    	
7/14/2009
    	
 
    	
7/14/2019
    	
 
    	
43 Int. Providing food and drink; catering services
    
	
K.C. RECIPE
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
77/358143
    	
 
    	
12/21/2007
    	
 
    	
3447222
    	
 
    	
6/10/2008
    	
 
    	
6/10/2018
    	
 
    	
30 Int. Barbecue sauce
    
	
MAIALINO
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
77/830538
    	
 
    	
9/20/2009
    	
 
    	
3908913
    	
 
    	
1/18/2011
    	
 
    	
1/18/2021
    	
 
    	
43 Int. Restaurant services
    
	
TABLA
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
75/979849
    	
 
    	
5/19/1998
    	
 
    	
2404904
    	
 
    	
11/14/2000
    	
 
    	
11/14/2020
    	
 
    	
42 Int. Restaurant services featuring Indian influenced   cuisine
    
	
TABLA
    	
 
    	
Canada
    	
 
    	
Registered
    	
 
    	
1190640
    	
 
    	
9/15/2003
    	
 
    	
673259
    	
 
    	
9/25/2006
    	
 
    	
9/25/2021
    	
 
    	
CA Int. Spices; restaurant services featuring Indian   influenced cuisine
    
	
TABLA
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
78/931194
    	
 
    	
7/17/2006
    	
 
    	
3337375
    	
 
    	
11/13/2007
    	
 
    	
11/13/2017
    	
 
    	
30 Int. Chutney 

 

43 Int. Restaurant services
    
	
TABLA
    	
 
    	
Japan
    	
 
    	
Registered
    	
 
    	
2007-036441
    	
 
    	
4/12/2007
    	
 
    	
5113001
    	
 
    	
2/22/2008
    	
 
    	
2/22/2018
    	
 
    	
30 Int. Confectionery, bread and buns; spices;   chutney 

 

43 Int. Providing foods and beverages
    
	
TABLA
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
77/261550
    	
 
    	
8/22/2007
    	
 
    	
3655311
    	
 
    	
7/14/2009
    	
 
    	
7/14/2019
    	
 
    	
29 Int.

Packaged meals consisting primarily of meat, fish,   poultry, seafood or vegetables; meat; fish; seafood; poultry; prepared   begetables

 

30 Int. Packaged
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
meals consisting primarily of pasta or rice
    
	
TABLATINI
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
77/976859
    	
 
    	
4/16/2007
    	
 
    	
3612426
    	
 
    	
4/28/2009
    	
 
    	
4/28/2019
    	
 
    	
33 Int. Alcoholic beverages, namely, vodka-based   alcoholic drinks
    
	
UNION SQUARE CAFE
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
74/011824
    	
 
    	
12/18/1989
    	
 
    	
1646379
    	
 
    	
5/28/1991
    	
 
    	
5/28/2021
    	
 
    	
42 Int. Restaurant services
    
	
UNION SQUARE CAFE
    	
 
    	
Japan
    	
 
    	
Registered
    	
 
    	
2006-052753
    	
 
    	
6/7/2006
    	
 
    	
5029868
    	
 
    	
3/2/2007
    	
 
    	
3/2/2017
    	
 
    	
30 Int. Binding agents for ice cream; meat   tenderizers for household purposes; preparations for stiffening whipped   cream; aromatic preparations for food (not from essential oils); tea; coffee   and cocoa; ice; confectionery, bread and bus; seasonings; spices; ice cream   mixes; sherbet mixes; unroasted coffee (unprocessed); cereal preparations;   almond paste; Chinese stuffed dumplings (gyoza, cooked); sandwiches; Chinese steamed   dumplings (shamai, cooked); sushi; fried balls of batter mix with small   pieces of octopus (takoyaki); steamed buns stuffed with minced meat   (niki-manjuh); hamburgers (prepared); pizzas (prepared); box lunches   (prepared); hot dogs (prepared);
    

 

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
meat pies (prepared); ravioli (prepared); yeast   powder; fermenting malted rice (koji); yeast; baking powder; instant   confectionery mixes; sake lees (for food); husked rice; husked oats; husked   barley; flour for food; gluten for food
    
	
UNION SQUARE CAFE & Design
    	
 
    	
Japan
    	
 
    	
Registered
    	
 
    	
2006-019333
    	
 
    	
3/6/2006
    	
 
    	
4980116
    	
 
    	
8/18/2006
    	
 
    	
8/18/2016
    	
 
    	
43 Int. Providing foods and beverages
    
	
UNION SQUARE CAFE & Design
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
75/255452
    	
 
    	
3/11/1997
    	
 
    	
2138978
    	
 
    	
2/24/1998
    	
 
    	
2/24/2018
    	
 
    	
42 Int. Restaurant services
    
	
UNION SQUARE EVENTS
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
77/959540
    	
 
    	
3/15/2010
    	
 
    	
3952233
    	
 
    	
4/26/2011
    	
 
    	
4/26/2021
    	
 
    	
43 Int. Catering and food preparation service;   providing food and drink; restaurant services
    
	
UNION SQUARE HOSPITALITY GROUP
    	
 
    	
United States
    	
 
    	
Registered
    	
 
    	
77/025043
    	
 
    	
10/19/2006
    	
 
    	
3709051
    	
 
    	
11/10/2009
    	
 
    	
11/10/2019
    	
 
    	
35 Int. Restaurant management services for others

 

43 Int. Restaurant services; consulting services in   the field of hospitality
    
	
UNION SQUARE TOKYO
    	
 
    	
Japan
    	
 
    	
Registered
    	
 
    	
2006-084747
    	
 
    	
9/12/2006
    	
 
    	
5086507
    	
 
    	
10/26/2007
    	
 
    	
10/26/2017
    	
 
    	
43 Int. Providing food and beverages
    

 

 

EXHIBIT D

(Section 3.8 and 3.9 of the Security Agreement)

 

INTELLECTUAL PROPERTY RIGHTS

 

TRADEMARKS AND TRADEMARK APPLICATIONS (As of January 27, 2014)

 

	
Owner
    	
 
    	
Trademark
    	
 
    	
Country
    	
 
    	
Application
   No.
    	
 
    	
Registration
   No
    	
 
    	
Registration
   Date
    	
 
    	
Classes
    	
 
    	
Status
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Argentina
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHACK BURGER
    
    	
 
    	
Argentina
    	
 
    	
3176967
    	
 
    	
 
    	
 
    	
 
    	
 
    	
30
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK
    
    	
 
    	
Argentina
    	
 
    	
3176968
    	
 
    	
2604947
    	
 
    	
Nov   5 2013
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK & Design (b/w)
    
    	
 
    	
Argentina
    	
 
    	
3176970
    	
 
    	
2604948
    	
 
    	
Nov   5 2013
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
Shake Shack
   (Burger Logo Only)
    
    	
 
    	
Argentina
    	
 
    	
3176969
    	
 
    	
2604945
    	
 
    	
Nov   5 2013
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Australia
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHACK BURGER
    	
 
    	
Australia
    	
 
    	
1053888
    	
 
    	
1053888
    	
 
    	
Sep   13 2010
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHACK BURGER
    	
 
    	
Australia
    	
 
    	
1392189
    	
 
    	
1392189
    	
 
    	
Sep   13 2010
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK
    
    	
 
    	
Australia
    	
 
    	
1555844
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK & Design (b/w)
    	
 
    	
Australia
    	
 
    	
1054038
    	
 
    	
1054038
    	
 
    	
Sep   22 2010
    	
 
    	
43
    	
 
    	
Registered
    

 

 

	
 
    	
 
    	

    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK & Design (b/w)
    
    	
 
    	
Australia
    	
 
    	
1392229
    	
 
    	
1392229
    	
 
    	
Sep   22 2010
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
Shake Shack
   (Burger Logo Only)
    
    	
 
    	
Australia
    	
 
    	
1555849
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
Shake Shack 3-D IBeam Design Mark
    	
 
    	
Australia
    	
 
    	
1555843
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Bahrain
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Shake   Shack Enterprises LLC
    	
 
    	
SHACK BURGER
    	
 
    	
Bahrain
    	
 
    	
77406
    	
 
    	
 
    	
 
    	
 
    	
 
    	
30
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Shake   Shack Enterprises LLC
    	
 
    	
SHAKE SHACK
    	
 
    	
Bahrain
    	
 
    	
77405
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK & Design (b/w)
    
    	
 
    	
Bahrain
    	
 
    	
93788
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
Shake Shack
   (Burger Logo Only)
    
    	
 
    	
Bahrain
    	
 
    	
93787
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    

 

 

	
Brazil
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHACK BURGER
    
    	
 
    	
Brazil
    	
 
    	
840158637
    	
 
    	
 
    	
 
    	
 
    	
 
    	
30
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK
    	
 
    	
Brazil
    	
 
    	
830797793
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK & Design (b/w)
    
    	
 
    	
Brazil
    	
 
    	
840158645
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
Shake Shack
   (Burger Logo Only)
    
    	
 
    	
Brazil
    	
 
    	
840158653
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
Shake Shack 3-D IBeam Design Mark
    	
 
    	
Brazil
    	
 
    	
905261496
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Canada
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Shake Shack
   (Burger Logo Only)

    	
 
    	
Canada
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Never   Filed
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHACK BURGER
    	
 
    	
Canada
    	
 
    	
1342820
    	
 
    	
818823
    	
 
    	
Mar   1 2012
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK
    	
 
    	
Canada
    	
 
    	
1290365
    	
 
    	
not   registered
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Abandoned
    

 

 

	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK & Design (b/w)
    
    	
 
    	
Canada
    	
 
    	
1566788
    	
 
    	
TMA847464
    	
 
    	
Apr   3 2013
    	
 
    	
 
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
Shake Shack 3-D IBeam Design Mark
    	
 
    	
Canada
    	
 
    	
1583920
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK Design
    
    	
 
    	
Canada
    	
 
    	
1566789
    	
 
    	
TMA847468
    	
 
    	
Apr   3 2013
    	
 
    	
 
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Union   Square Hospitality Group, LLC
    	
 
    	
SHACK
    	
 
    	
Canada
    	
 
    	
1426151
    	
 
    	
not   registered
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Abandoned
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Chile
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHACK BURGER
    
    	
 
    	
Chile
    	
 
    	
1016479
    	
 
    	
1020091
    	
 
    	
Jul   8 2013
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK
    
    	
 
    	
Chile
    	
 
    	
1016478
    	
 
    	
1001096
    	
 
    	
Mar   20 2013
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK & Design (b/w)
    
    	
 
    	
Chile
    	
 
    	
1016896
    	
 
    	
997594
    	
 
    	
Mar   7 2013
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
Shake Shack
   (Burger Logo Only)
    
    	
 
    	
Chile
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Never   Filed
    

 

 

	
China
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHACK
    
    	
 
    	
China
    	
 
    	
7187754
    	
 
    	
7187754
    	
 
    	
Jul   21 2010
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHACK BURGER
    
    	
 
    	
China
    	
 
    	
6020511
    	
 
    	
6020511
    	
 
    	
Dec   28 2009
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK
    
    	
 
    	
China
    	
 
    	
5216884
    	
 
    	
5216884
    	
 
    	
Sep   14 2009
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK & Design (b/w)
    
    	
 
    	
China
    	
 
    	
11410358
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
Shake Shack
   (Burger Logo Only)
    
    	
 
    	
China
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Never   Filed
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
Shake Shack 3-D IBeam Design Mark
    	
 
    	
China
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Not   yet filed
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Colombia
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHACK BURGER
    
    	
 
    	
Colombia
    	
 
    	
2012085059
    	
 
    	
 
    	
 
    	
 
    	
 
    	
30
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK
    
    	
 
    	
Colombia
    	
 
    	
2012085044
    	
 
    	
463574
    	
 
    	
Dec   26 2012
    	
 
    	
43
    	
 
    	
Registered
    

 

 

	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK & Design (b/w)
    
    	
 
    	
Colombia
    	
 
    	
2012085113
    	
 
    	
463576
    	
 
    	
Dec   26 2012
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
Shake Shack
   (Burger Logo Only)
 
    	
 
    	
Colombia
    	
 
    	
2012085118
    	
 
    	
463577
    	
 
    	
Dec   26 2012
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
CTM
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
Not a word mark
    
    	
 
    	
CTM
    	
 
    	
011474137
    	
 
    	
 
    	
 
    	
 
    	
 
    	
25,30,43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHACK BURGER
    
    	
 
    	
CTM
    	
 
    	
1053888
    	
 
    	
1053888
    	
 
    	
Sep   13 2010
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK
    	
 
    	
CTM
    	
 
    	
009371444
    	
 
    	
009371444
    	
 
    	
Feb   25 2011
    	
 
    	
25,30,43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK & Design (b/w)
    
    	
 
    	
CTM
    	
 
    	
1054038
    	
 
    	
1054038
    	
 
    	
Sep   22 2010
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
Shake Shack
   (Burger Logo Only)
    	
 
    	
CTM
    	
 
    	
010911956
    	
 
    	
010911956
    	
 
    	
Apr   25 2013
    	
 
    	
25,30,43
    	
 
    	
Registered
    

 

 

	
 
    	
 
    	

    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
Shake Shack 3-D IBeam Design Mark
    	
 
    	
CTM
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Not   yet filed
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Egypt
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHACK BURGER
    	
 
    	
Egypt
    	
 
    	
234111
    	
 
    	
234111
    	
 
    	
Jul   21 2009 
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK
    	
 
    	
Egypt
    	
 
    	
234112
    	
 
    	
234112
    	
 
    	
Aug   14 2011 
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK & Design (b/w)
    
    	
 
    	
Egypt
    	
 
    	
280606
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
Shake Shack
   (Burger Logo Only)
    
    	
 
    	
Egypt
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Never   Filed
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
France
    	
 
    	
SHACK BURGER
    	
 
    	
France
    	
 
    	
073493970
    	
 
    	
073493970
    	
 
    	
Feb   28 2007 
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
SHAKE SHACK
    	
 
    	
France
    	
 
    	
063411227
    	
 
    	
063411227
    	
 
    	
Feb   20 2006 
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Union   Square Hospitality Group, LLC
    	
 
    	
SHACK
    	
 
    	
France
    	
 
    	
093626470
    	
 
    	
093626470
    	
 
    	
Feb   2 2009 
    	
 
    	
30
    	
 
    	
Registered
    

 

 

	
Germany
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
SHACK
    	
 
    	
Germany
    	
 
    	
302009005992.6/30
    	
 
    	
302009005992
    	
 
    	
Apr   9 2009
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Union   Square Hospitality Group, LLC
    	
 
    	
SHACK BURGER
    	
 
    	
Germany
    	
 
    	
307237206
    	
 
    	
30723720
    	
 
    	
Jun   27 2007
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Union   Square Hospitality Group, LLC
    	
 
    	
SHAKE SHACK
    	
 
    	
Germany
    	
 
    	
306123754
    	
 
    	
30612375
    	
 
    	
Apr   24 2006
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Hong Kong
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHACK BURGER
   Shack Burger
   shack burger
    
    	
 
    	
Hong   Kong
    	
 
    	
301714112
    	
 
    	
301714112
    	
 
    	
Sep   13 2010
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK & Design (b/w)
    
    	
 
    	
Hong   Kong
    	
 
    	
302276406
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
Shake Shack
   (Burger Logo Only)
    
    	
 
    	
Hong   Kong
    	
 
    	
302276415
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
Shake Shack 3-D IBeam Design Mark
    	
 
    	
Hong   Kong
    	
 
    	
302324222
    	
 
    	
302324222
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK
   Shake Shack shake shack
    	
 
    	
Hong   Kong
    	
 
    	
301714121
    	
 
    	
301714121
    	
 
    	
Sep   13 2010
    	
 
    	
30,43
    	
 
    	
Registered
    

 

 

	
 
    	
 
    	

    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
India
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHACK BURGER
    
    	
 
    	
India
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
30
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK
    
    	
 
    	
India
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHAKE SHACK & Design (b/w)
    
    	
 
    	
India
    	
 
    	
2345439
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
Shake Shack
   (Burger Logo Only)
    
    	
 
    	
India
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
Shake Shack 3-D IBeam Design Mark
    	
 
    	
India
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Not yet filed
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Israel
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
(Device Only)
    
    	
 
    	
Israel
    	
 
    	
233367
    	
 
    	
233367
    	
 
    	
Mar   5 2012
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE   IP, LLC
    	
 
    	
SHACK BURGER
    	
 
    	
Israel
    	
 
    	
233368
    	
 
    	
233368
    	
 
    	
Mar   5 2012
    	
 
    	
30
    	
 
    	
Registered
    

 

 

	
 
    	
 
    	

    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK

    	
 
    	
Israel
    	
 
    	
254908
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake   Shack
   (Burger Logo Only)

    	
 
    	
Israel
    	
 
    	
254907
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake   Shack 3-D IBeam Design Mark
    	
 
    	
Israel
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Not yet filed
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Japan
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK
    	
 
    	
Japan
    	
 
    	
2009-006806
    	
 
    	
5260863
    	
 
    	
Aug 28 2009
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK   BURGER
    	
 
    	
Japan
    	
 
    	
2007-036440
    	
 
    	
5120800
    	
 
    	
Mar 21 2008
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK
    	
 
    	
Japan
    	
 
    	
2006-019331
    	
 
    	
4971767
    	
 
    	
Jul 21 2006
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK & Design (b/w)

    	
 
    	
Japan
    	
 
    	
2012044904
    	
 
    	
5537802
    	
 
    	
Nov 22 2012
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake   Shack
   (Burger Logo Only)
    	
 
    	
Japan
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Never Filed
    

 

 

	
 
    	
 
    	

    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake   Shack 3-D IBeam Design Mark
    	
 
    	
Japan
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Not yet filed
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Jordan
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK   BURGER
    	
 
    	
Jordan
    	
 
    	
108198
    	
 
    	
108198
    	
 
    	
Jul 21 2009
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK
    	
 
    	
Jordan
    	
 
    	
108252
    	
 
    	
108252
    	
 
    	
Jul 21 2009
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK & Design (b/w)

    	
 
    	
Jordan
    	
 
    	
124541
    	
 
    	
124541
    	
 
    	
May 30 2012
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake   Shack
   (Burger Logo Only)

    	
 
    	
Jordan
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Never Filed
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Kuwait
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK   BURGER
    	
 
    	
Kuwait
    	
 
    	
104569
    	
 
    	
91010
    	
 
    	
Dec 20 2010
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK
    	
 
    	
Kuwait
    	
 
    	
104568
    	
 
    	
87611
    	
 
    	
Jul 12 2009
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK & Design (b/w)
    	
 
    	
Kuwait
    	
 
    	
134284
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    

 

 

	
 
    	
 
    	

    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake   Shack
   (Burger Logo Only)

    	
 
    	
Kuwait
    	
 
    	
134285
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake   Shack 3-D IBeam Design Mark
    	
 
    	
Kuwait
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Not yet filed
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Lebanon
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK   BURGER
    	
 
    	
Lebanon
    	
 
    	
4618
    	
 
    	
122942
    	
 
    	
Jul 10 2009
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK
    	
 
    	
Lebanon
    	
 
    	
4619
    	
 
    	
122943
    	
 
    	
Jul 10 2009
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK & Design (b/w)

    	
 
    	
Lebanon
    	
 
    	
5074
    	
 
    	
143686
    	
 
    	
Jun 15 2012
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake   Shack
   (Burger Logo Only)

    	
 
    	
Lebanon
    	
 
    	
5075
    	
 
    	
143638
    	
 
    	
Jun 14 2012
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Mexico
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK
    	
 
    	
Mexico
    	
 
    	
987193
    	
 
    	
1155708
    	
 
    	
Apr 29 2010
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK   BURGER
    	
 
    	
Mexico
    	
 
    	
847927
    	
 
    	
1061899
    	
 
    	
Sep 23 2008
    	
 
    	
30
    	
 
    	
Registered
    

 

 

	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK
    	
 
    	
Mexico
    	
 
    	
767004
    	
 
    	
938127
    	
 
    	
Jun 13 2006
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK & Design (b/w) 

    	
 
    	
Mexico
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake   Shack
   (Burger Logo Only)

    	
 
    	
Mexico
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake   Shack 3-D IBeam Design Mark
    	
 
    	
Mexico
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Not yet filed
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Morocco
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK   BURGER

    	
 
    	
Morocco
    	
 
    	
152489
    	
 
    	
 
    	
 
    	
 
    	
 
    	
30
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK

    	
 
    	
Morocco
    	
 
    	
152486
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK & Design (b/w)

    	
 
    	
Morocco
    	
 
    	
152485
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake   Shack

(Burger   Logo Only)
    	
 
    	
Morocco
    	
 
    	
152487
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    

 

 

	
 
    	
 
    	

    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake Shack 3-D   IBeam Design Mark
    	
 
    	
Morocco
    	
 
    	
152488
    	
 
    	
 
    	
 
    	
43
    	
 
    	
 
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
New Zealand
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK BURGER 

    	
 
    	
New Zealand
    	
 
    	
976965
    	
 
    	
976965
    	
 
    	
May 8 2013
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE SHACK 

    	
 
    	
New Zealand
    	
 
    	
976966
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK & Design (b/w) 

    	
 
    	
New Zealand
    	
 
    	
976964
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake Shack 

(Burger Logo   Only)

 
    	
 
    	
New Zealand
    	
 
    	
976967
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake Shack 3-D   IBeam Design Mark
    	
 
    	
New Zealand
    	
 
    	
976962
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Norway
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
SHACK BURGER
    	
 
    	
Norway
    	
 
    	
A0021233
    	
 
    	
1053888
    	
 
    	
Sep 13 2010
    	
 
    	
30
    	
 
    	
Registered
    

 

 

	
SSE IP, LLC
    	
 
    	
SHACK BURGER
    	
 
    	
Norway
    	
 
    	
1053888
    	
 
    	
1053888
    	
 
    	
Sep 13 2010
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK & Design (b/w) 

    	
 
    	
Norway
    	
 
    	
1054038
    	
 
    	
1054038
    	
 
    	
Sep 22 2010
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Oman
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK BURGER
    	
 
    	
Oman
    	
 
    	
57921
    	
 
    	
57921
    	
 
    	
Dec 14 2010
    	
 
    	
29
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE SHACK
    	
 
    	
Oman
    	
 
    	
57922
    	
 
    	
57922
    	
 
    	
Dec 14 2010
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Peru
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE SHACK 

    	
 
    	
Peru
    	
 
    	
494414
    	
 
    	
72987
    	
 
    	
Aug 15 2012
    	
 
    	
43
    	
 
    	
Registered
    
	
Qatar
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Shake Shack Enterprises LLC
    	
 
    	
SHACK BURGER
    	
 
    	
Qatar
    	
 
    	
58367
    	
 
    	
 
    	
 
    	
Feb 20 2012
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE SHACK
    	
 
    	
Qatar
    	
 
    	
58366
    	
 
    	
 
    	
 
    	
Aug 9 2009
    	
 
    	
42
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK & Design (b/w)

    	
 
    	
Qatar
    	
 
    	
79019
    	
 
    	
 
    	
 
    	
 
    	
 
    	
42
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
Qatar
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake Shack 

(Burger Logo   Only) 
    	
 
    	
 
    	
 
    	
79020
    	
 
    	
 
    	
 
    	
 
    	
 
    	
42
    	
 
    	
Pending
    

 

 

 

	
 
    	
 
    	

    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake Shack 3-D   IBeam Design Mark
    	
 
    	
Qatar
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
42
    	
 
    	
Not yet filed
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Republic of Korea (South)
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK BURGER
    	
 
    	
Republic of Korea (South)
    	
 
    	
1053888
    	
 
    	
1053888
    	
 
    	
Sep 13 2010
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE SHACK
    	
 
    	
Republic of Korea (South)
    	
 
    	
41201217758
    	
 
    	
 
    	
 
    	
Apr 12 2013
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SHAKE SHACK & Design (color)
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
 

    	
 
    	
Republic of Korea (South)
    	
 
    	
4520101927

 

4537642
    	
 
    	
 
    	
 
    	
Dec 27 2011
    	
 
    	
29,30,32,43,2900020,2900371,3000385,3200032,4300011
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake Shack 

(Burger Logo   Only)

    	
 
    	
Republic of Korea (South)
    	
 
    	
41201217759
    	
 
    	
 
    	
 
    	
Sep 2 2013
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake Shack 3-D   IBeam Design Mark
    	
 
    	
Republic of Korea (South)
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Not yet filed
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Russian Federation
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK BURGER
    	
 
    	
Russian
    	
 
    	
1053888
    	
 
    	
1053888
    	
 
    	
Sep 13 2010
    	
 
    	
30
    	
 
    	
Registered
    

 

 

 

	
 
    	
 
    	
 
    	
 
    	
Federation
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK BURGER
    	
 
    	
Russian Federation
    	
 
    	
A0021233
    	
 
    	
1053888
    	
 
    	
Sep 13 2010
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE SHACK 

    	
 
    	
Russian Federation
    	
 
    	
2012716459
    	
 
    	
495995
    	
 
    	
Sep 12 2013
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK & Design (b/w) 

    	
 
    	
Russian Federation
    	
 
    	
1054038
    	
 
    	
1054038
    	
 
    	
Sep 22 2010
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake Shack   (Burger Logo Only) 

    	
 
    	
Russian Federation
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Never Filed
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake Shack 3-D IBeam   Design Mark
    	
 
    	
Russian Federation
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Not yet filed
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Saudi Arabia
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK BURGER
    	
 
    	
Saudi Arabia
    	
 
    	
145821
    	
 
    	
127639
    	
 
    	
Sep 11 2011
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE SHACK
    	
 
    	
Saudi Arabia
    	
 
    	
145822
    	
 
    	
127640
    	
 
    	
Sep 11 2011
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK & Design (b/w) 

    	
 
    	
Saudi Arabia
    	
 
    	
194282
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake Shack
    	
 
    	
Saudi
    	
 
    	
194283
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    

 

 

 

	
 
    	
 
    	
(Burger   Logo Only) Arabia

    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake   Shack 3-D IBeam Design Mark 
    	
 
    	
Saudi Arabia
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Never Filed
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Singapore
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK   BURGER
    	
 
    	
Singapore
    	
 
    	
1053888
    	
 
    	
1053888
    	
 
    	
Sep 13 2010
    	
 
    	
30
    	
 
    	
Refused
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK   BURGER

 

    	
 
    	
Singapore
    	
 
    	
T1208136F
    	
 
    	
 
    	
 
    	
 
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK

    	
 
    	
Singapore
    	
 
    	
T1208137D
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK & Design (b/w) 

 

    	
 
    	
Singapore
    	
 
    	
1054038
    	
 
    	
1054038
    	
 
    	
Sep 22 2010
    	
 
    	
43 
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake   Shack
   (Burger Logo Only) 

    	
 
    	
Singapore
    	
 
    	
T1208139J
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
South   Africa
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK   BURGER
    	
 
    	
South Africa 
    	
 
    	
201309911
    	
 
    	
 
    	
 
    	
 
    	
 
    	
30
    	
 
    	
Pending
    

 

 

	
 
    	
 
    	
SHACK   BURGER
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK

    	
 
    	
South Africa
    	
 
    	
201309910
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK & Design (b/w)

 

    	
 
    	
South Africa 
    	
 
    	
201309908
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake   Shack
   (Burger Logo Only)

    	
 
    	
South Africa 
    	
 
    	
201309909
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake   Shack 3-D IBeam Design Mark
    	
 
    	
South Africa
    	
 
    	
 201311346
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Switzerland
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK   BURGER
    	
 
    	
Switzerland 
    	
 
    	
1053888
    	
 
    	
1053888
    	
 
    	
Sep 13 2010 
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK & Design (b/w)

 

    	
 
    	
Switzerland
    	
 
    	
1054038
    	
 
    	
1054038
    	
 
    	
Sep 22 2010
    	
 
    	
43 
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Taiwan
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK   BURGER

 

    	
 
    	
Taiwan
    	
 
    	
101037628
    	
 
    	
 
    	
 
    	
 
    	
 
    	
30
    	
 
    	
Pending
    

 

 

	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK
    
    	
 
    	
Taiwan
    	
 
    	
101037631
    	
 
    	
1571391
    	
 
    	
Mar 16 2013
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK & Design (b/w)

 

    	
 
    	
Taiwan
    	
 
    	
101037629
    	
 
    	
1571389
    	
 
    	
Mar 16 2013
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake   Shack
   (Burger Logo Only)

    	
 
    	
Taiwan
    	
 
    	
101037630
    	
 
    	
1571390
    	
 
    	
Mar 16 2013
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Turkey
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK   BURGER

    	
 
    	
Turkey
    	
 
    	
1053888
    	
 
    	
1053888
    	
 
    	
Sep 13 2010 
    	
 
    	
30
    	
 
    	
Registered 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK
    	
 
    	
Turkey
    	
 
    	
201246438
    	
 
    	
201246438
    	
 
    	
May 27 2013
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK & Design (b/w)
    
    	
 
    	
Turkey
    	
 
    	
1054038
    	
 
    	
1054038
    	
 
    	
Sep 22 2010
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake   Shack 3-D IBeam Design Mark
    	
 
    	
Turkey
    	
 
    	
201260292
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
United Arab Emirates
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Shake Shack Enterprises   LLC
    	
 
    	
SHACK   BURGER
    	
 
    	
United Arab Emirates
    	
 
    	
131053
    	
 
    	
 
    	
 
    	
 
    	
 
    	
30
    	
 
    	
Pending
    

 

 

	
Shake Shack Enterprises   LLC
    	
 
    	
SHAKE   SHACK
    	
 
    	
United Arab Emirates
    	
 
    	
131054
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK & Design (b/w)

 

    	
 
    	
United Arab Emirates
    	
 
    	
174022
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake   Shack 

(Burger   Logo Only)
    
    	
 
    	
United Arab Emirates
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Never Filed
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake   Shack 3-D IBeam Design Mark
    	
 
    	
United Arab Emirates
    	
 
    	
177215
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
United Kingdom
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
shake   shack
    
    	
 
    	
United Kingdom
    	
 
    	
2406202
    	
 
    	
2406202
    	
 
    	
Nov 10 2005
    	
 
    	
29,30,43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
The   Shake Shack
    	
 
    	
United Kingdom
    	
 
    	
2397532
    	
 
    	
2397532
    	
 
    	
Jul 22 2005
    	
 
    	
29,30,43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
United   States of America
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
DOG   MEISTER
    
    	
 
    	
United States of   America
    	
 
    	
85878867
    	
 
    	
 
    	
 
    	
 
    	
 
    	
30
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK   2 0
    
    	
 
    	
United States of   America
    	
 
    	
85878811
    	
 
    	
 
    	
 
    	
 
    	
 
    	
32
    	
 
    	
Pending
    

 

 

	
SSE IP, LLC
    	
 
    	
SHACK   ATTACK
    
    	
 
    	
United States of   America
    	
 
    	
77671394
    	
 
    	
3658043
    	
 
    	
Jul 21 2009 
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK   BURGER
    
    	
 
    	
United States of   America
    	
 
    	
77118990
    	
 
    	
3724146
    	
 
    	
Dec 15  2009
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK   CAM
    
    	
 
    	
United States of   America
    	
 
    	
77671427
    	
 
    	
3760070
    	
 
    	
Mar 16 2010
    	
 
    	
38
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK   RED
    
    	
 
    	
United States of   America
    	
 
    	
85878841
    	
 
    	
 
    	
 
    	
 
    	
 
    	
33
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK   STACK
    
    	
 
    	
United States of   America
    	
 
    	
77671403
    	
 
    	
3658044
    	
 
    	
Jul 21 2009 
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK   SUDS
    
    	
 
    	
United States of   America
    	
 
    	
85878818
    	
 
    	
 
    	
 
    	
 
    	
 
    	
32
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK   WHITE
    
    	
 
    	
United States of   America
    	
 
    	
85878848
    	
 
    	
 
    	
 
    	
 
    	
 
    	
33
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK-CAGO   DOG
    
    	
 
    	
United States of   America
    	
 
    	
77671408
    	
 
    	
3741879
    	
 
    	
Jan 26 2010 
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACKMEISTER

    	
 
    	
United States of   America
    	
 
    	
77533716
    	
 
    	
3648680
    	
 
    	
Jun 30 2009 
    	
 
    	
32
    	
 
    	
Registered
    

 

 

	
 
    	
 
    	

    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK

    	
 
    	
United States of   America
    	
 
    	
85153070
    	
 
    	
4051916
    	
 
    	
Nov 8 2011
    	
 
    	
25,30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK & Design (b/w)

    	
 
    	
United States of   America
    	
 
    	
77958087
    	
 
    	
3853578
    	
 
    	
Sep 28 2010
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK & Design (color)

    	
 
    	
United States of   America
    	
 
    	
77952336
    	
 
    	
3853559
    	
 
    	
Sep 28 2010
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK

(aqua   word logo)

    	
 
    	
United States of   America
    	
 
    	
78792207
    	
 
    	
3186610
    	
 
    	
Dec 19 2006
    	
 
    	
43
    	
 
    	
Allowed to Lapse
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK

(cursive &   Design)

    	
 
    	
United States of   America
    	
 
    	
77724588
    	
 
    	
3766428
    	
 
    	
Mar 30 2010
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK

(stylized)

    	
 
    	
United States of   America
    	
 
    	
77743440
    	
 
    	
3725489
    	
 
    	
Dec 15 2009
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHARK

    	
 
    	
United States of   America
    	
 
    	
77391468
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Abandoned
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SMOKESHACK

    	
 
    	
United States of   America
    	
 
    	
85541039
    	
 
    	
 
    	
 
    	
 
    	
 
    	
30
    	
 
    	
Pending
    

 

 

	
SSE IP, LLC
    	
 
    	
STAND   FOR SOMETHING GOOD

    	
 
    	
United States of   America
    	
 
    	
85128162
    	
 
    	
3947921
    	
 
    	
Apr 19 2011
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
THE   POOCH-INI

    	
 
    	
United States of   America
    	
 
    	
77671410
    	
 
    	
3676096
    	
 
    	
Sep 1 2009
    	
 
    	
31
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Union Square   Hospitality Group, LLC
    	
 
    	
Shake   Shack

(Burger   Logo Only)

    	
 
    	
United States of   America
    	
 
    	
77724280
    	
 
    	
3805568
    	
 
    	
Jun 22 2010
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Uruguay
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK

    	
 
    	
Uruguay
    	
 
    	
436385
    	
 
    	
436385
    	
 
    	
Feb 15 2013
    	
 
    	
43
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Venezuela
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK   BURGER
    	
 
    	
Venezuela
    	
 
    	
533243
    	
 
    	
 
    	
 
    	
 
    	
 
    	
30
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK

    	
 
    	
Venezuela
    	
 
    	
533775
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK & Design (b/w)

    	
 
    	
Venezuela
    	
 
    	
533774
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
Shake   Shack

(Burger   Logo Only)
    	
 
    	
Venezuela
    	
 
    	
541855
    	
 
    	
 
    	
 
    	
 
    	
 
    	
43
    	
 
    	
Pending
    

 

 

	
 
    	
 
    	

    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
WIPO
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHACK   BURGER
    	
 
    	
WIPO
    	
 
    	
1053888
    	
 
    	
1053888
    	
 
    	
Sep 13 2010
    	
 
    	
30
    	
 
    	
Registered
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SSE IP, LLC
    	
 
    	
SHAKE   SHACK & Design (b/w)

    	
 
    	
WIPO
    	
 
    	
1054038
    	
 
    	
1054038
    	
 
    	
Sep 22 2010
    	
 
    	
43
    	
 
    	
Registered
    

 

	
TM Administrator - END OF REPORT
    	
IPPO   WebTMS: printed Jan 31 2014 17:33
    

 

 

EXHIBIT E

(See Section 3.1 of Security Agreement)

 

OFFICES IN WHICH FINANCING STATEMENTS HAVE BEEN FILED

 

New York State Department of State

Uniform Commercial Code

One Commerce Plaza

99 Washington Avenue

Albany, NY 12231

 

Delaware Secretary of State

Division of Corporation

401 Federal Street

Dover, DE 19901

 

 

EXHIBIT F

(See Section 4.4 of Security Agreement)

 

SUPPLEMENT

 

This Supplement, dated                   ,             is delivered pursuant to Section 4.4 of the Security Agreement referred to below.  All defined terms herein shall have the meanings ascribed thereto or incorporated by reference in the Security Agreement.  The undersigned hereby certifies that the representations and warranties in Article III of the Security Agreement are and continue to be true and correct.  The undersigned further agrees that this Supplement may be attached to that certain Second Amended and Restated Security Agreement, dated as of January 7, 2014, among, inter alios, the undersigned, as a Grantor, and JPMorgan Chase Bank, N.A., as the Administrative Agent, (the “Security Agreement”) and that the Collateral listed on Schedule I to this Supplement is a part of the Collateral referred to in said Security Agreement and secures all Secured Obligations referred to in said Security Agreement.

 

 

	
 
    	
By:
    	
 
    
	
 
    	
Name:
    	
 
    
	
 
    	
Title:
    	
 
    

 

 

SCHEDULE I

TO AMENDMENT

 

STOCKS

 

	
Name of Grantor
    	
 
    	
Issuer
    	
 
    	
Certificate
   Number(s)
    	
 
    	
Number of
   Shares
    	
 
    	
Class of Stock
    	
 
    	
Percentage of
   Outstanding
   Shares
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    

 

BONDS

 

	
Name of Grantor
    	
 
    	
Issuer
    	
 
    	
Number
    	
 
    	
Face
   Amount
    	
 
    	
Coupon Rate
    	
 
    	
Maturity
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    

 

GOVERNMENT SECURITIES

 

	
Name of Grantor
    	
 
    	
Issuer
    	
 
    	
Number
    	
 
    	
Type
    	
 
    	
Face
   Amount
    	
 
    	
Coupon
   Rate
    	
 
    	
Maturity
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    

 

OTHER SECURITIES OR OTHER INVESTMENT PROPERTY

(CERTIFICATED AND UNCERTIFICATED)

 

	
Name of Grantor
    	
 
    	
Issuer
    	
 
    	
Description of Collateral
    	
 
    	
Percentage
   Ownership
   Interest
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    

 

COMMERCIAL TORT CLAIMS

 

	
Name of Grantor
    	
 
    	
Description of Claim
    	
 
    	
Parties
    	
 
    	
Case Number;
   Name of Court
   where Case
   was FiledExhibit 10.19

 

SHAKE SHACK INC.
 2015 INCENTIVE AWARD PLAN

 

STOCK OPTION GRANT NOTICE AND

STOCK OPTION AGREEMENT

 

Shake Shack Inc., a Delaware corporation (the “Company”), pursuant to its 2015 Incentive Award Plan, as amended from time to time (the “Plan”), hereby grants to the holder listed below (“Participant”) an option to purchase the number of shares of the Common Stock set forth below (the “Option”).  The Option is subject to the terms and conditions set forth in this Stock Option Grant Notice (this “Grant Notice”) and the Stock Option Agreement attached hereto as Exhibit A (the “Agreement”) and the Plan, each of which is incorporated herein by reference.  Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Grant Notice and the Option Agreement.

 

	
Participant:
    	
 
    	
 
    
	
Grant   Date:
    	
 
    	
 
    
	
Exercise   Price Per Share:
    	
 
    	
$
    
	
Total   Exercise Price:
    	
 
    	
$
    
	
Total   Number of Shares Subject to Option:
    	
 
    	
 
    
	
Expiration   Date:
    	
 
    	
                      ,
    
	
Type   of Option:
    	
 
    	
o Incentive Stock Option o Non-Qualified Stock Option
    
	
Vesting   Schedule:
    	
 
    	
The   Option shall vest in equal installments of 20% of the total number of shares   subject to the Option on each of the first through fifth anniversary dates of   the Grant Date.
    

 

By Participant’s signature below, Participant agrees to be bound by the terms and conditions of the Plan, the Agreement and the Grant Notice.  Participant has reviewed the Agreement, the Plan and the Grant Notice in their entirety, has had an opportunity to obtain the advice of counsel prior to executing the Grant Notice and fully understands all provisions of the Grant Notice, the Agreement and the Plan.  Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan, the Grant Notice or the Agreement. If Participant is married, his or her spouse has signed the Consent of Spouse attached to this Grant Notice as Exhibit B.

 

	
SHAKE SHACK INC.
    	
 
    	
PARTICIPANT
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
 
    	
 
    	
By:
    	
 
    
	
Print   Name:
    	
Randy   Garutti
    	
 
    	
Print   Name:
    	
 
    
	
Title:
    	
Chief   Executive Officer
    	
 
    	
 
    	
 
    

 

 

EXHIBIT A

TO STOCK OPTION GRANT NOTICE

 

STOCK OPTION AGREEMENT

 

Pursuant to the Grant Notice to which this Agreement is attached, the Company has granted to Participant an Option under the Plan to purchase the number of shares of Common Stock set forth in the Grant Notice.

 

ARTICLE I.
 GENERAL

 

1.1                               Defined Terms.  Capitalized terms not specifically defined herein shall have the meanings specified in the Plan or the Grant Notice.

 

1.2                               Incorporation of Terms of Plan.  The Option is subject to the terms and conditions set forth in this Agreement and the Plan, which is incorporated herein by reference.  In the event of any inconsistency between the Plan and this Agreement, the terms of the Plan shall control.

 

ARTICLE II.
 GRANT OF OPTION

 

2.1                               Grant of Option.  In consideration of Participant’s past and/or continued employment with or service to the Company or a Subsidiary and for other good and valuable consideration, effective as of the grant date set forth in the Grant Notice (the “Grant Date”), the Company has granted to Participant the Option to purchase any part or all of an aggregate number of shares of Common Stock set forth in the Grant Notice, upon the terms and conditions set forth in the Grant Notice, the Plan and this Agreement, subject to adjustment as provided in Section 14.2 of the Plan.

 

2.2                               Exercise Price.  The exercise price per share of the shares of Common Stock subject to the Option (the “Exercise Price”) shall be as set forth in the Grant Notice.

 

2.3                               Consideration to the Company.  In consideration of the grant of the Option by the Company, Participant agrees to render faithful and efficient services to the Company or any Subsidiary. Nothing in the Plan, the Grant Notice or this Agreement shall confer upon Participant any right to continue in the employ or service of the Company or any Subsidiary or shall interfere with or restrict in any way the rights of the Company and its Subsidiaries, which rights are hereby expressly reserved, to discharge or terminate the services of Participant at any time for any reason whatsoever, with or without cause, except to the extent expressly provided otherwise in a written agreement between the Company or a Subsidiary and Participant.

 

ARTICLE III.
 PERIOD OF EXERCISABILITY

 

3.1                               Commencement of Exercisability.

 

(a)                                 Subject to Participant’s continued employment with or service to the Company or a Subsidiary on each applicable vesting date and subject to Sections 3.2, 3.3, 5.9 and 5.14 hereof, the Option shall become vested and exercisable in such amounts and at such times as are set forth in the Grant Notice.

 

A-1

 

(b)                                 Unless otherwise determined by the Administrator or as set forth in a written agreement between Participant and the Company, any portion of the Option that has not become vested and exercisable on or prior to the date of Participant’s Termination of Service shall be forfeited on the date of Participant’s Termination of Service and shall not thereafter become vested or exercisable.

 

3.2                               Duration of Exercisability.  The installments provided for in the vesting schedule set forth in the Grant Notice are cumulative.  Each such installment which becomes vested and exercisable pursuant to the vesting schedule set forth in the Grant Notice shall remain vested and exercisable until it becomes unexercisable under Section 3.3 hereof. Once the Option becomes unexercisable, it shall be forfeited immediately.

 

3.3                               Expiration of Option.  The Option may not be exercised to any extent by anyone after the first to occur of the following events:

 

(a)                                 The expiration date set forth in the Grant Notice;

 

(b)                                 Except as the Administrator may otherwise approve, in the event of Participant’s Termination of Service other than for Cause or by reason of Participant’s death or disability, the expiration of three (3) months from the date of Participant’s Termination of Service;

 

(c)                                  Except as the Administrator may otherwise approve, the expiration of one (1) year from the date of Participant’s Termination of Service by reason of Participant’s death or disability; or

 

(d)                                 Except as the Administrator may otherwise approve, upon Participant’s Termination of Service for Cause.

 

As used in this Agreement, (i) “Cause” shall mean (A) willful misconduct, gross negligence or an act of dishonesty of Participant with regard to the Company or any of its Affiliates, which in either case, results in or could reasonably be expected to result in material harm to the Company or such Affiliate; (B) the willful and continued failure of Participant to attempt to perform his or her duties with the Company or any of its Affiliates (other than any such failure resulting from Disability), which failure is not remedied within 30 days after receiving written notice thereof; (C) the conviction of Participant of (or the plea by Participant of guilty or nolo contendere to) any felony involving moral turpitude (other than traffic related offenses or as a result of vicarious liability); or (D) a material breach by Participant of any material provision of any written employment or consulting agreement, which breach is not remedied within 10 days after receiving written notice thereof and (ii) “Disability” shall mean Participant’s inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or that can be expected to last for a continuous period of not less than twelve (12) months.  Notwithstanding the foregoing, if Participant is a party to a written employment or consulting agreement with the Company (or any of its Subsidiaries) in which the term “cause” is defined, then “Cause” shall be as such term is defined in the applicable written employment or consulting agreement.

 

3.4                               Tax Withholding.  Notwithstanding any other provision of this Agreement:

 

(a)                                 The Company and its Subsidiaries have the authority to deduct or withhold, or require Participant to remit to the Company or the applicable Subsidiary, an amount sufficient to satisfy any applicable federal, state, local and foreign taxes (including the employee portion of any FICA obligation) required by law to be withheld with respect to any taxable event arising pursuant to this Agreement.  The Company and its Subsidiaries may withhold or Participant may make such payment in one or more of the forms specified below:

 

A-2

 

(i)                                     by cash or check made payable to the Company or the Subsidiary with respect to which the withholding obligation arises;

 

(ii)                                  by the deduction of such amount from other compensation payable to Participant;

 

(iii)                               with respect to any withholding taxes arising in connection with the exercise of the Option, with the consent of the Administrator, by requesting that the Company withhold a net number of shares of Common Stock issuable upon the exercise of the Option having a then current Fair Market Value not exceeding the amount necessary to satisfy the withholding obligation of the Company and its Subsidiaries based on the minimum applicable statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes;

 

(iv)                              with respect to any withholding taxes arising in connection with the exercise of the Option, with the consent of the Administrator, by tendering to the Company shares of Common Stock having a then current Fair Market Value not exceeding the amount necessary to satisfy the withholding obligation of the Company and its Subsidiaries based on the minimum applicable statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes;

 

(v)                                 with respect to any withholding taxes arising in connection with the exercise of the Option, through the delivery of a notice that Participant has placed a market sell order with a broker acceptable to the Company with respect to shares of Common Stock then issuable to Participant pursuant to the Option, and that the broker has been directed to pay a sufficient portion of the net proceeds of the sale to the Company or the Subsidiary with respect to which the withholding obligation arises in satisfaction of such withholding taxes; provided that payment of such proceeds is then made to the Company or the applicable Subsidiary at such time as may be required by the Administrator, but in any event not later than the settlement of such sale; or

 

(vi)                              in any combination of the foregoing.

 

(b)                                 With respect to any withholding taxes arising in connection with the Option, in the event Participant fails to provide timely payment of all sums required pursuant to Section 3.4(a), the Company shall have the right and option, but not the obligation, to treat such failure as an election by Participant to satisfy all or any portion of Participant’s required payment obligation pursuant to Section 3.4(a)(ii) or Section 3.4(a)(iii) above, or any combination of the foregoing as the Company may determine to be appropriate. The Company shall not be obligated to deliver any certificate representing shares of Common Stock issuable with respect to the exercise of the Option to, or to cause any such shares of Common Stock to be held in book-entry form by, Participant or his or her legal representative unless and until Participant or his or her legal representative shall have paid or otherwise satisfied in full the amount of all federal, state, local and foreign taxes applicable with respect to the taxable income of Participant resulting from the exercise of the Option or any other taxable event related to the Option.

 

(c)                                  In the event any tax withholding obligation arising in connection with the Option will be satisfied under Section 3.4(a)(iii), then the Company may elect to instruct any brokerage firm determined acceptable to the Company for such purpose to sell on Participant’s behalf a whole number of shares from those shares of Common Stock then issuable upon the exercise of the Option as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the tax withholding obligation and to remit the proceeds of such sale to the Company or the Subsidiary with respect to which the withholding obligation arises.  Participant’s acceptance of this Award constitutes Participant’s instruction and authorization to the Company and such brokerage firm to complete the transactions described in this Section 3.4(c), including the transactions described in the previous sentence, as applicable.  The Company

 

A-3

 

may refuse to issue any shares of Common Stock to Participant until the foregoing tax withholding obligations are satisfied, provided that no payment shall be delayed under this Section 3.4(c) if such delay will result in a violation of Section 409A of the Code.

 

(d)                                 Participant is ultimately liable and responsible for all taxes owed in connection with the Option, regardless of any action the Company or any Subsidiary takes with respect to any tax withholding obligations that arise in connection with the Option.  Neither the Company nor any Subsidiary makes any representation or undertaking regarding the treatment of any tax withholding in connection with the awarding, vesting or exercise of the Option or the subsequent sale of Common Stock.  The Company and the Subsidiaries do not commit and are under no obligation to structure the Option to reduce or eliminate Participant’s tax liability.

 

ARTICLE IV.
  EXERCISE OF OPTION

 

4.1                                           Person Eligible to Exercise.  During the lifetime of Participant, only Participant may exercise the Option or any portion thereof.  After the death of Participant, any exercisable portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof, be exercised by Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution.

 

4.2                                           Partial Exercise.  Subject to Section 5.2, any exercisable portion of the Option or the entire Option, if then wholly exercisable, may be exercised in whole or in part at any time prior to the time when the Option or portion thereof becomes unexercisable under Section 3.3 hereof.

 

4.3                                           Manner of Exercise.  The Option, or any exercisable portion thereof, may be exercised solely by delivery to the Secretary of the Company (or any third party administrator or other person or entity designated by the Company), during regular business hours, of all of the following prior to the time when the Option or such portion thereof becomes unexercisable under Section 3.3 hereof.

 

(a)                                 An exercise notice in a form specified by the Administrator, stating that the Option or portion thereof is thereby exercised, such notice complying with all applicable rules established by the Administrator;

 

(b)                                 The receipt by the Company of full payment for the shares of Common Stock with respect to which the Option or portion thereof is exercised, in such form of consideration permitted under Section 4.4 hereof that is acceptable to the Administrator;

 

(c)                                  The payment of any applicable withholding tax in accordance with Section 3.4;

 

(d)                                 Any other written representations or documents as may be required in the Administrator’s sole discretion to effect compliance with Applicable Law; and

 

(e)                                  In the event the Option or portion thereof shall be exercised pursuant to Section 4.1 hereof by any person or persons other than Participant, appropriate proof of the right of such person or persons to exercise the Option.

 

Notwithstanding any of the foregoing, the Administrator shall have the right to specify all conditions of the manner of exercise, which conditions may vary by country and which may be subject to change from time to time.

 

A-4

 

4.4                                           Method of Payment.  Payment of the exercise price shall be by any of the following, or a combination thereof, at the election of Participant:

 

(a)                                 Cash or check;

 

(b)                                 With the consent of the Administrator, surrender of shares of Common Stock (including, without limitation, shares of Common Stock otherwise issuable upon exercise of the Option) held for such period of time as may be required by the Administrator in order to avoid adverse accounting consequences and having a Fair Market Value on the date of delivery equal to the aggregate exercise price of the Option or exercised portion thereof;

 

(c)                                  Through the delivery of a notice that Participant has placed a market sell order with a broker acceptable to the Company with respect to shares of Common Stock then issuable upon exercise of the Option, and that the broker has been directed to pay a sufficient portion of the net proceeds of the sale to the Company in satisfaction of the Option exercise price; provided that payment of such proceeds is then made to the Company at such time as may be required by the Administrator, but in any event not later than the settlement of such sale; or

 

(d)                                 Any other form of legal consideration acceptable to the Administrator.

 

4.5                                           Conditions to Issuance of Common Stock.  The Company shall not be required to issue or deliver any shares of Common Stock purchased upon the exercise of the Option or portion thereof prior to fulfillment of all of the following conditions: (a) the admission of such shares of Common Stock to listing on all stock exchanges on which such Common Stock is then listed, (b) the completion of any registration or other qualification of such shares of Common Stock under any state or federal law or under rulings or regulations of the Securities and Exchange Commission or other governmental regulatory body, which the Administrator shall, in its absolute discretion, deem necessary or advisable, (c) the obtaining of any approval or other clearance from any state or federal governmental agency which the Administrator shall, in its absolute discretion, determine to be necessary or advisable, (d) the receipt by the Company of full payment for such shares of Common Stock, which may be in one or more of the forms of consideration permitted under Section 4.4 hereof, and (e) the receipt of full payment of any applicable withholding tax in accordance with Section 3.4 by the Company or its Subsidiary with respect to which the applicable withholding obligation arises.

 

4.6                                           Rights as Stockholder.  Neither Participant nor any person or entity claiming under or through Participant will have any of the rights or privileges of a stockholder of the Company in respect of any shares of Common Stock purchasable upon the exercise of any part of the Option unless and until certificates representing such shares of Common Stock (which may be in book-entry form) will have been issued and recorded on the records of the Company or its transfer agents or registrars and delivered to Participant (including through electronic delivery to a brokerage account).  No adjustment will be made for a dividend or other right for which the record date is prior to the date of such issuance, recordation and delivery, except as provided in Section 14.2 of the Plan.  Except as otherwise provided herein, after such issuance, recordation and delivery, Participant will have all the rights of a stockholder of the Company with respect to such shares of Common Stock, including, without limitation, the right to receipt of dividends and distributions on such shares.

 

ARTICLE V.
 OTHER PROVISIONS

 

5.1                               Administration.  The Administrator shall have the power to interpret the Plan, the Grant Notice and this Agreement and to adopt such rules for the administration, interpretation and application of

 

A-5

 

the Plan, the Grant Notice and this Agreement as are consistent therewith and to interpret, amend or revoke any such rules.  All actions taken and all interpretations and determinations made by the Administrator will be final and binding upon Participant, the Company and all other interested persons.  To the extent allowable pursuant to Applicable Law, no member of the Committee or the Board will be personally liable for any action, determination or interpretation made with respect to the Plan, the Grant Notice or this Agreement.

 

5.2                               Whole Shares.  The Option may only be exercised for whole shares of Common Stock.

 

5.3                               Option Not Transferable.  Subject to Section 4.1 hereof, the Option may not be sold, pledged, assigned or transferred in any manner other than by will or the laws of descent and distribution, unless and until the shares of Common Stock underlying the Option have been issued, and all restrictions applicable to such Shares have lapsed.  Neither the Option nor any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of Participant or his or her successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect, except to the extent that such disposition is permitted by the preceding sentence.

 

5.4                               Adjustments.  The Administrator may accelerate the vesting of all or a portion of the Option in such circumstances as it, in its sole discretion, may determine.  In addition, upon the occurrence of certain events relating to the Common Stock contemplated by Section 14.2 of the Plan (including, without limitation, an extraordinary cash dividend on such Common Stock), the Administrator may make such adjustments as the Administrator deems appropriate in the number of shares of Common Stock subject to the Option, the exercise price of the Option and the kind of securities that may be issued upon exercise of the Option.   Participant acknowledges that the Option is subject to adjustment, modification and termination in certain events as provided in this Agreement and the Plan, including Section 14.2 of the Plan.

 

5.5                               Notices.  Any notice to be given under the terms of this Agreement to the Company shall be addressed to the Company in care of the Secretary of the Company at the Company’s principal office, and any notice to be given to Participant shall be addressed to Participant at Participant’s last address reflected on the Company’s records.  By a notice given pursuant to this Section 5.5, either party may hereafter designate a different address for notices to be given to that party.  Any notice shall be deemed duly given when sent via email or when sent by certified mail (return receipt requested) and deposited (with postage prepaid) in a post office or branch post office regularly maintained by the United States Postal Service.

 

5.6                               Titles.  Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this Agreement.

 

5.7                               Governing Law.   The laws of the State of Delaware shall govern the interpretation, validity, administration, enforcement and performance of the terms of this Agreement regardless of the law that might be applied under principles of conflicts of laws.

 

5.8                               Conformity to Securities Laws.  Participant acknowledges that the Plan, the Grant Notice and this Agreement are intended to conform to the extent necessary with all Applicable Laws, including, without limitation, the provisions of the Securities Act and the Exchange Act, and any and all regulations and rules promulgated thereunder by the Securities and Exchange Commission and state securities laws and regulations.  Notwithstanding anything herein to the contrary, the Plan shall be administered, and the

 

A-6

 

Option is granted and may be exercised, only in such a manner as to conform to Applicable Law.  To the extent permitted by Applicable Law, the Plan, the Grant Notice and this Agreement shall be deemed amended to the extent necessary to conform to Applicable Law.

 

5.9                               Amendment, Suspension and Termination.  To the extent permitted by the Plan, this Agreement may be wholly or partially amended or otherwise modified, suspended or terminated at any time or from time to time by the Administrator or the Board, provided that, except as may otherwise be provided by the Plan, no amendment, modification, suspension or termination of this Agreement shall adversely affect the Option in any material way without the prior written consent of Participant.

 

5.10                        Successors and Assigns.  The Company may assign any of its rights under this Agreement to single or multiple assignees, and this Agreement shall inure to the benefit of the successors and assigns of the Company.  Subject to the restrictions on transfer set forth in Section 5.3 and the Plan, this Agreement shall be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto.

 

5.11                        Limitations Applicable to Section 16 Persons.  Notwithstanding any other provision of the Plan or this Agreement, if Participant is subject to Section 16 of the Exchange Act, the Plan, the Option, the Grant Notice and this Agreement shall be subject to any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3 of the Exchange Act) that are requirements for the application of such exemptive rule.  To the extent permitted by Applicable Law, this Agreement shall be deemed amended to the extent necessary to conform to such applicable exemptive rule.

 

5.12                        Not a Contract of Employment.  Nothing in this Agreement or in the Plan shall confer upon Participant any right to continue to serve as an employee or other service provider of the Company or any Subsidiary or shall interfere with or restrict in any way the rights of the Company and its Subsidiaries, which rights are hereby expressly reserved, to discharge or terminate the services of Participant at any time for any reason whatsoever, with or without cause, except to the extent expressly provided otherwise in a written agreement between the Company or a Subsidiary and Participant.

 

5.13                        Entire Agreement.  The Plan, the Grant Notice and this Agreement (including any exhibit hereto) constitute the entire agreement of the parties and supersede in their entirety all prior undertakings and agreements of the Company and Participant with respect to the subject matter hereof.

 

5.14                        Section 409A.  This Award is not intended to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code (together with any Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation any such regulations or other guidance that may be issued after the date hereof, “Section 409A”).  However, notwithstanding any other provision of the Plan, the Grant Notice or this Agreement, if at any time the Administrator determines that this Award (or any portion thereof) may be subject to Section 409A, the Administrator shall have the right in its sole discretion (without any obligation to do so or to indemnify Participant or any other person for failure to do so) to adopt such amendments to the Plan, the Grant Notice or this Agreement, or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, as the Administrator determines are necessary or appropriate for this Award either to be exempt from the application of Section 409A or to comply with the requirements of Section 409A.

 

5.15                        Agreement Severable.  In the event that any provision of the Grant Notice or this Agreement is held invalid or unenforceable, such provision will be severable from, and such invalidity or

 

A-7

 

unenforceability will not be construed to have any effect on, the remaining provisions of the Grant Notice or this Agreement.

 

5.16                        Limitation on Participant’s Rights.  Participation in the Plan confers no rights or interests other than as herein provided.  This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust.  Neither the Plan nor any underlying program, in and of itself, has any assets.  Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the Option, and rights no greater than the right to receive the Common Stock as a general unsecured creditor with respect to options, as and when exercised pursuant to the terms hereof.

 

5.17                        Counterparts.  The Grant Notice may be executed in one or more counterparts, including by way of any electronic signature, subject to Applicable Law, each of which shall be deemed an original and all of which together shall constitute one instrument.

 

5.18                        Broker-Assisted Sales.  In the event of any broker-assisted sale of shares of Common Stock in connection with the payment of withholding taxes as provided in Section 3.4(a)(iii) or Section 3.4(c) or the payment of the exercise price as provided in Section 4.4(c): (a) any shares of Common Stock to be sold through a broker-assisted sale will be sold on the day the tax withholding obligation or exercise of the Option, as applicable, occurs or arises, or as soon thereafter as practicable; (b) such shares of Common Stock may be sold as part of a block trade with other participants in the Plan in which all participants receive an average price; (c) Participant will be responsible for all broker’s fees and other costs of sale, and Participant agrees to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such sale; (d) to the extent the proceeds of such sale exceed the applicable tax withholding obligation or exercise price, the Company agrees to pay such excess in cash to Participant as soon as reasonably practicable; (e) Participant acknowledges that the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the applicable tax withholding obligation or exercise price; and (f) in the event the proceeds of such sale are insufficient to satisfy the applicable tax withholding obligation, Participant agrees to pay immediately upon demand to the Company or its Subsidiary with respect to which the withholding obligation arises an amount in cash sufficient to satisfy any remaining portion of the Company’s or the applicable Subsidiary’s withholding obligation.

 

5.19                        Incentive Stock Options.  Participant acknowledges that to the extent the aggregate Fair Market Value of shares of Common Stock (determined as of the time the option with respect to the shares is granted) with respect to which Incentive Stock Options, including this Option (if applicable), are exercisable for the first time by Participant during any calendar year exceeds $100,000 or if for any other reason such Incentive Stock Options do not qualify or cease to qualify for treatment as “incentive stock options” under Section 422 of the Code, such Incentive Stock Options shall be treated as Non-Qualified Stock Options.  Participant further acknowledges that the rule set forth in the preceding sentence shall be applied by taking the Option and other stock options into account in the order in which they were granted, as determined under Section 422(d) of the Code and the Treasury Regulations thereunder.  Participant also acknowledges that an Incentive Stock Option exercised more than three (3) months after Participant’s Termination of Service, other than by reason of death or disability, will be taxed as a Non-Qualified Stock Option.

 

5.20                        Notification of Disposition.  If this Option is designated as an Incentive Stock Option, Participant shall give prompt written notice to the Company of any disposition or other transfer of any shares of Common Stock acquired under this Agreement if such disposition or transfer is made (a) within two (2) years from the Grant Date or (b) within one (1) year after the transfer of such shares of Common Stock to Participant.  Such notice shall specify the date of such disposition or other transfer and the

 

A-8

 

amount realized, in cash, other property, assumption of indebtedness or other consideration, by Participant in such disposition or other transfer.

 

* * * *

 

A-9

 

EXHIBIT B
 TO OPTION AWARD GRANT NOTICE

 

CONSENT OF SPOUSE

 

I,                , spouse of                , have read and approve the Stock Option Grant Notice and the Stock Option Agreement (collectively, the “Stock Option Documentation”).  In consideration of issuing to my spouse the option to purchase shares of common stock of Shake Shack Inc. set forth in the Stock Option Documentation, I hereby appoint my spouse as my attorney-in-fact in respect of the exercise of any rights under the Stock Option Documentation and agree to be bound by the provisions of the Stock Option Documentation insofar as I may have any rights in the Stock Option Documentation or any common stock of Shake Shack Inc. issued pursuant thereto under the community property laws or similar laws relating to marital property in effect in the state of our residence as of the date of the signing of the Stock Option Documentation.

 

 

	
Dated:
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
Signature   of Spouse
    

 

B-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00239-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00239-of-00352.parquet"}]]