Document:

EX-10.16

 Exhibit 10.16 

AMENDMENT NO. 1 TO FIRST AMENDED AND RESTATED REVOLVING CREDIT, 

DELAYED DRAW TERM LOAN AND SECURITY AGREEMENT 

THIS AMENDMENT NO. 1 TO FIRST AMENDED AND RESTATED REVOLVING CREDIT, DELAYED DRAW TERM LOAN AND SECURITY AGREEMENT (this
“Amendment”) is made as of September 29, 2021 (the “Effective Date”) by and among SWEETGREEN, INC., a Delaware corporation (“Borrower”), the entities that become parties hereto as
guarantors pursuant to Section 4.1(g) of the Loan Agreement (as defined below) (each, a “Guarantor” and, collectively, the “Guarantors”), and EAGLEBANK (“Lender”). For purposes of this
Amendment, the term “Loan Agreement” shall mean that certain First Amended and Restated Revolving Credit, Delayed Draw Term Loan and Security Agreement, dated as of December 14, 2020, by and among Borrower, Guarantors and
Lender. Capitalized terms used herein and not otherwise defined herein shall have the respective meanings given to such terms in the Loan Agreement. 

WHEREAS, in connection with a potential initial public offering of the equity securities of Borrower, the Loan Parties have requested
that certain modifications be made to the Loan Agreement, to among other things, increase certain limits with respect to Permitted Indebtedness and Permitted Investments and to allow for the issuance of certain unsecured debt, including convertible
notes; and 
 WHEREAS, the Loan Parties and Lender have agreed to amend the Loan Agreement on the terms and conditions set forth
herein. 
 NOW, THEREFORE, in consideration of the foregoing, the terms and conditions contained herein, and for other good and
valuable consideration, the receipt and adequacy of which are hereby acknowledged, and intending to be legally bound, the Loan Parties and Lender hereby agree to the following amendments to the Loan Agreement. 

1. Amendments to Loan Agreement. Effective as of the Effective Date but subject to the satisfaction of the conditions precedent set
forth in Section 2 below, the parties hereto agree that the Loan Agreement is hereby amended as follows: 
 (a)
Section 1.2 is amended to add the following definition of “Beneficial Ownership Certification”: 
 (b)
“”Beneficial Ownership Certification” shall mean a certification regarding beneficial ownership required by the Beneficial Ownership Regulation, which certification shall be substantially in form and substance satisfactory to
Lender.” 
 (c) Section 1.2 is amended to add the following definition of “Beneficial Ownership Regulation”: 

“”Beneficial Ownership Regulation” shall mean 31 C.F.R. § 1010.230.” 

(d) Section 1.2 is amended to delete the definition of “Change of Control” in its entirety and to substitute the
following in lieu thereof: 
 “”Change of Control” shall mean, at any time, any Person or “group” (within the
meaning of Rules 13d-3 and 13d-5 under the Exchange Act of 1934, as amended), other than the Permitted Holders, taken as a whole, shall have obtained at least fifty-one percent (51%) of the voting power of the outstanding voting Equity Interests of Borrower.” 

 (e) Section 1.2 is amended to delete the definition of “Direct Regulatory
Review Transfer” in its entirety. 
 (f) Section 1.2 is amended to delete the definition of “Due Diligence
Information” in its entirety. 
 (g) Section 1.2 is amended to delete the definition of “Equity Interests” in
its entirety and to substitute the following in lieu thereof: 
 ““Equity Interests” shall mean, with respect to any
Person, all of the shares of capital stock of (or other ownership or profit interests in) such Person, all of the warrants, options, or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership
or profit interests in) such Person, all of the securities convertible into or exchangeable (but excluding any or any portion of convertible notes, rights or options or other debt instruments with convertible features that have not been converted
into or exchanged for equity securities) for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares (or such other interests),
and all of the other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are outstanding
on any date of determination.” 
 (h) Section 1.2 is amended to add the following definition of “First Amendment Effective
Date”: 
 “”First Amendment Effective Date” shall mean September 29, 2021.” 

(i) Section 1.2 is amended to add the following definition of “Founders”: 

“”Founders” shall mean collectively Jonathan Neman, Nicolas Jammet and Nathaniel Ru; and “Founder” shall
mean each of foregoing individuals.” 
 (j) Section 1.2 is amended to delete the definition of “Indirect Regulatory Review
Transfer” in its entirety. 
 (k) The definition of “Permitted Acquisition” in Section 1.2 is amended to
delete the words “Five Million Dollars ($5,000,000)” from clause (ii) of such definition and substitute in lieu thereof the words “Ten Million Dollars ($10,000,000)”. 

(l) Section 1.2 is amended to add the following definition of “Permitted Convertible Debt”: 

““Permitted Convertible Debt” shall mean unsecured Indebtedness of the Borrower, issued after the First Amendment
Effective Date, which by its terms is convertible into or exchangeable for Equity Interests of Borrower and/or cash in lieu therof or a combination of Equity Interests of Borrower and cash in lieu thereof; provided that (i) at the time
of the incurrence thereof and after giving effect thereto, no Default or Event of Default shall have occurred and be continuing, (ii) the stated maturity date for all Permitted Convertible Debt shall be no earlier than ninety (90) days
after the end of the later of (A) the Revolving Facility Maturity Date and (B) the Term Loan Maturity Date, and shall not be subject to any conditions that could result in such stated final maturity occurring on a

  
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date that precedes the 90th day after the end of the later of (1) the Revolving Facility Maturity Date and (2) the Term Loan Maturity Date (except upon the occurrence of an event of
default, a change in control, fundamental change, an asset disposition or an event of loss, or upon conversion or exchange or voluntary redemption by the Borrower), (iii) the principal amount of any Permitted Convertible Debt shall not be subject to
any regularly scheduled amortization or sinking fund payments prior to the maturity described in clause (ii) above, (iv) such Permitted Convertible Debt shall not be required to be repaid, prepaid, redeemed, repurchased or defeased, whether on
one or more fixed dates, upon the occurrence of one or more events or at the option of any holder thereof prior to the 90th day after the end of the later of (A) the Revolving Facility Maturity Date and (B) the Term Loan Maturity Date
(except, in each case, upon the occurrence of an event of default, a change in control, fundamental change, an asset disposition or an event of loss, or upon conversion or exchange or voluntary redemption by the Borrower), (v) the terms, conditions
and covenants of such Permitted Convertible Debt shall be such as are customary for Indebtedness of such type (as determined by the Loan Parties in good faith) and (vi) no Subsidiary of Borrower that is not a Loan Party shall guarantee the
obligations of Borrower thereunder.” 
 (m) Section 1.2 is amended to add the following definition of “Permitted Equity
Derivatives”: 
 ““Permitted Equity Derivatives” shall mean any forward purchase, accelerated share purchase,
call option, warrant transaction or other equity derivative transactions relating to any Permitted Convertible Debt.” 
 (n)
Section 1.2 is amended to add the following definition of “Permitted Holders”: 
 “”Permitted
Holders” shall mean, collectively, (i) the Founders and their respective Affiliates and (ii) to the extent not included in clause (i), any trust of which Founders or their immediate family members are trustees, settlors or
beneficiaries.” 
 (o) The definition of “Permitted Indebtedness” in Section 1.2 is amended to: 

 

	 	(i)	 delete the words “Two Million Five Hundred Thousand Dollars ($2,500,000)” from clause (c) of
such definition and substitute in lieu thereof “Ten Million Dollars ($10,000,000)”; 

  

	 	(ii)	 delete the words “other unsecured Indebtedness not exceeding Two Million Five Hundred Thousand Dollars
($2,500,000)” from clause (f) of such definition and substitute in lieu thereof “other Indebtedness not exceeding Ten Million Dollars ($10,000,000)”; 

 

	 	(iii)	 add the following as the new clauses (k), (l) and (m) after clause (j) of such definition: “(k)
Spyce Assets Debt in an aggregate principal amount not to exceed Fifty Million Dollars ($50,000,000) at any time outstanding; (l) Permitted Convertible Debt and Permitted Unsecured Indebtedness, in a combined aggregate principal amount not to
exceed Three Hundred Million Dollars ($300,000,000) at any time outstanding; (m) to the extent constitute Indebtedness, obligations under any Permitted Equity Derivatives;”; 

  
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	 	(iii)	 renumber the existing clauses (k) through (n) of such definition as clauses (n) thought (q).

 (p) The definition of “Permitted Investments” in Section 1.2 is amended to: 

 

	 	(i)	 delete the words “Two Million Five Hundred Thousand Dollars ($2,500,000)” from clause (h) of
such definition and substitute in lieu thereof “Ten Million Dollars ($10,000,000)”. 

  

	 	(ii)	 delete the words “Five Million Dollars ($5,000,000) in the aggregate with respect to all such Subsidiaries
that are not Loan Parties” from clause (j) of such definition and substitute in lieu thereof “Ten Million Dollars ($10,000,000) in the aggregate in any fiscal year; provided that Borrower shall furnish to Lender a report on any
Investments made pursuant to this clause (j) during each fiscal quarter together with the Compliance Certificate delivered to Lender for such fiscal quarter pursuant to Section 8.1(a)”. 

 

	 	(iii)	 delete the words “Two Million Five Hundred Thousand Dollars ($2,500,000) in the aggregate outstanding at
any time” from clause (m) of such definition and substitute in lieu thereof “Ten Million Dollars ($10,000,000) in the aggregate in any fiscal year”. 

 

	 	(iv)	 delete the word “and” immediately preceding clause (m) of such definition;

  

	 	(v)	 delete the period at the end of clause (m) of such definition and substitute in lieu thereof “;
and”; and 

  

	 	(vi)	 add the following as a new clause (n) at the end of such definition: “Permitted Equity
Derivatives.”; 

 (q) The definition of “Permitted Liens” in Section 1.2 is amended to: 

 

	 	(i)	 delete the word “and” immediately preceding clause (n) of such definition;

  

	 	(ii)	 delete the period at the end of clause (n) of such definition and substitute in lieu thereof
“;”; and 

  

	 	(iii)	 add the following as a new clause (o) after clause (n) of such definition: “Liens securing
Indebtedness under clause (f) of the definition of “Permitted Indebtedness.”; and 

  

	 	(iv)	 add the following as a new clause (p) after clause (o) of such definition: “any Liens on Spyce
Assets, including, without limitation, any Liens securing Spyce Assets Debt and to the extent constituting Liens, any licenses or other licensing arrangements of Spyce Assets; and 

 

	 	(v)	 rename the existing clause “(o)” of such definition as clause “(q).” 

  
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 (r) Section 1.2 is amended to add the following definition of “Permitted
Unsecured Debt Default”: 
 ““Permitted Unsecured Debt Default” shall mean an Event of Default under Section
XI(g) with respect to any Permitted Convertible Debt or Permitted Unsecured Indebtedness.” 
 (s) Section 1.2 is amended to add the
following definition of “Permitted Unsecured Indebtedness”: 
 ““Permitted Unsecured Indebtedness”
shall mean unsecured Indebtedness of the Borrower, issued after the First Amendment Effective Date; provided that (i) at the time of the incurrence thereof and after giving effect thereto, no Default or Event of Default shall have
occurred and be continuing, (ii) the stated maturity date for all Permitted Unsecured Indebtedness shall be no earlier than ninety (90) days after the end of the later of (A) the Revolving Facility Maturity Date and (B) the Term
Loan Maturity Date, and shall not be subject to any conditions that could result in such stated final maturity occurring on a date that precedes the 90th day after the end of the later of (1) the Revolving Facility Maturity Date and
(2) the Term Loan Maturity Date (except upon the occurrence of an event of default, a change in control, fundamental change, an asset disposition or an event of loss, or upon conversion or exchange or voluntary redemption by the Borrower),
(iii) the principal amount of any Permitted Unsecured Indebtedness shall not be subject to any regularly scheduled amortization or sinking fund payments prior to the maturity described in clause (ii) above, (iv) such Permitted Unsecured
Indebtedness shall not be required to be repaid, prepaid, redeemed, repurchased or defeased, whether on one or more fixed dates, upon the occurrence of one or more events or at the option of any holder thereof prior to the 90th day after the end of
the later of (A) the Revolving Facility Maturity Date and (B) the Term Loan Maturity Date (except upon the occurrence of an event of default, a change in control, fundamental change, an asset disposition or an event of loss, or upon
conversion or exchange or voluntary redemption by the Borrower), (v) the terms, conditions and covenants of such Permitted Unsecured Indebtedness shall be such as are customary for Indebtedness of such type (as determined by the Loan Parties in good
faith) and (vi) no Subsidiary of Borrower that is not a Loan Party shall guarantee the obligations of Borrower thereunder.” 
 (t)
Section 1.2 is amended to delete the definition of “Regulatory Requirements” in its entirety. 
 (u) Section 1.2
is amended to delete the definition of “Regulatory Review Transfer” in its entirety. 
 (v) Section 1.2 is amended to
delete the definition of “Revolving Facility Maturity Date” in its entirety and to substitute the following in lieu thereof: 

“”Revolving Facility Maturity Date” shall mean the earlier to occur of (a) ninety (90) days prior to the scheduled
maturity for any portion of the Permitted Convertible Debt or Permitted Unsecured Indebtedness, as applicable or (b) December 14, 2022, unless earlier terminated pursuant to this Agreement.” 

(w) Section 1.2 is amended to add the following definition of “Spyce”: 

“”Spyce” shall mean Spyce Food Co., a Delaware corporation.” 

  
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 (x) Section 1.2 is amended to add the following definition of “Spyce
Assets”: 
 ““Spyce Assets” shall mean, collectively, (i) any Spyce Technology, (ii) any existing
and future Intellectual Property that constitutes, incorporates or is otherwise related to any Spyce Technology and (iii) any automated kitchen product or equipment (including those designed for assembly of ingredients) that utilizes the Spyce
Technology and/or such Intellectual Property referenced in the foregoing clause (ii) and (iv) any other assets related to the foregoing clauses (i) through (iii).” 

(y) Section 1.2 is amended to add the following definition of “Spyce Assets Debt”: 

“”Spyce Assets Debt” shall mean any Indebtedness incurred to finance the development, acquisition and/or production of
any Spyce Assets (except for any Loans hereunder) and any Indebtedness secured by any Spyce Assets. 
 (z) Section 1.2 is amended to add
the following definition of “Spyce Technology”: 
 “”Spyce Technology” shall mean all forms of
technology and content, including any or all of the following: (i) published and unpublished works of authorship, including without limitation audiovisual works, collective works, computer programs or software (whether in source code or
executable form), documentation, compilations, databases, derivative works, literary works, maskworks, websites, and sound recordings; (ii) inventions (whether or not patentable), discoveries, improvements, business methods, compositions of
matter, machines, methods, and processes and new uses for any of the preceding items; (iii) information that is not generally known or readily ascertainable through proper means, whether tangible or intangible, including without limitation
algorithms, customer lists, ideas, designs, formulas, know-how, methods, processes, programs, prototypes, systems, and techniques; (iv) databases, data compilations and collections and technical data; and
(v) devices, prototypes, designs and schematics (whether or not any of the foregoing is embodied in any tangible form and including all tangible embodiments of the foregoing, such as instruction manuals, laboratory notebooks, prototypes,
samples, studies and summaries), in each case, either developed by or acquired from Spyce or its Affiliates, including, without limitation, such technology and content related to its “Infinite Kitchen” product.” 

(aa) Section 1.2 is amended to delete the definition of “Term Loan Maturity Date” in its entirety and to substitute the
following in lieu thereof: 
 “”Term Loan Maturity Date” shall mean the earlier to occur of (a) ninety (90) days
prior to the scheduled maturity for any portion of the Permitted Convertible Debt or Permitted Unsecured Indebtedness, as applicable or (b) December 15, 2025, unless earlier terminated pursuant to this Agreement.” 

(bb) Article II is amended to add the following as a new Section 2.14: 

“2.14 Commitment to Lend 

Upon the occurrence of a Permitted Unsecured Debt Default, Lender’s obligation to make any Loans to Borrower under this Agreement shall
immediately terminate.” 

  
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 (cc) Section 4.1(b) is amended to: 

 

	 	(i)	 delete the word “or” immediately preceding clause (iii) of Section 4.1(b);

  

	 	(ii)	 delete the period at the end of clause (iii) of Section 4.1(b) and substitute in lieu thereof
“;”; and 

  

	 	(iii)	 add the following as a new clause (iv) at the end of Section 4.1(b): “or (iv) any Spyce
Assets.” 

 (dd) Section 8.1 is amended to add the following as a new Section 8.1(d): 

“(d) Deemed Delivery. Documents required to be delivered pursuant to Section 8.1(a) or (b) (to the
extent any such documents are included in materials otherwise filed with the U.S. Securities and Exchange Commission) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date: (i) on which such
materials are publicly available as posted on the Electronic Data Gathering, Analysis and Retrieval system (EDGAR), (ii) on which Borrower posts such documents, or provides a link thereto on Borrower’s or any of its Subsidiaries’ website
on the internet at Borrower’s or any of its Subsidiaries’ website address or (iii) on which such documents are posted on Borrower’s behalf on an internet or intranet website, if any, to which Lender has access (whether a
commercial or third-party website); provided, however, that Borrower shall promptly notify Lender in writing (which may be by electronic mail) of the posting of any such documents (and in case of financial statements required under
Section 8.1(a), such notice may be provided in the Compliance Certificate for the same reporting period of such financial statements).” 

(ee) Section 8.13 is amended to add the following new paragraph at the end: 

Notwithstanding the foregoing, a Control Agreement is not required for any Deposit Accounts and/or Securities Accounts owned by Spyce and its
Subsidiary so long as (i) the aggregate balance of such accounts does not exceed $600,000 at any time and (ii) the balance of such account is transferred to account(s) with Lender within 12 months of the First Amendment Effective Date.

 (ff) Article X is amended to add the following as a new Section 10.13: 

“10.13 Right to Finance Spyce Assets Debt. 

“In connection with any Spyce Assets Debt, Lender shall have the right (but not an obligation) to provide such financing
to the Loan Parties (the “Financing Right”) subject to the terms set forth in this Section 10.13. Prior to engaging any other banks or financial institutions with respect to any Spyce Assets Debt, the Loan Parties shall provide
a written notice to Lender setting out the contemplated terms of such Spyce Assets Debt (the “Financing Proposal”). If Lender elects to exercise the Financing Right in its sole discretion, it shall provide such election in writing
to the Loan Parties after 20 Business Days upon receipt of the Financing Proposal. Upon receipt of such election, the Loan Parties and Lender shall negotiate in good faith a term sheet setting out the terms, conditions and pricing of such proposed
Spyce Assets Debt in the next 30 Business Days (or such longer period mutually agreed by the Loan Parties and Lender). If the parties are unable to reach an agreement on the terms of the Financing Proposal within such period (or Lender has not
elected to exercise the Financing Right in accordance with the terms hereof), then the Loan Parties shall be permitted to engage other banks, financial institutions or other Person to provide financing(s) with respect to such Spyce Assets Debt and
consummate any such financing(s). 

  
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 For the avoidance of doubt, the Financing Right granted hereunder may only
be exercised by Lender once during the term of this Agreement. Any election to exercise the Financing Right is irrevocable.” 
 (gg)
Section 10.7 is amended to: 
  

	 	(i)	 delete the word “and” immediately preceding clause (f) of Section 10.1;

  

	 	(ii)	 delete the period at the end of clause (f) of Section 10.1 and substitute in lieu thereof
“;”; and 

  

	 	(iii)	 add the following as a new clause (g) at the end of Section 10.1: “and (g) the settlement,
unwinding or other termination of any Permitted Equity Derivatives.” 

 (hh) Section 10.7 is amended to delete
such section in its entirety and to substitute the following in place thereof: 
 “(a) Pay any dividends or make any distribution or
payment or redeem, retire or purchase any equity (other than (i) the repurchase of Equity Interests to the extent that (1) such repurchases do not exceed Twenty Million Dollars ($20,000,000) in the aggregate per calendar year (unless
Borrower raises additional capital to fund such repurchases), and (2) no Event of Default then exists or would be caused thereby, (ii) Borrower may pay dividends solely in Equity Interests of Borrower, (iii) any Subsidiary may pay
dividends or make distributions to Borrower, (iv) the repurchase of Equity Interests in exchange for the cancellation of indebtedness owed to Borrower, (v) issuance of Equity Interests of Borrower or any Subsidiary (and any cash payment in
lieu of issuance of fractional shares) in connection with the exercise or conversion of warrants, options or other securities convertible into or exchangeable for the Equity Interests of the Borrower or such Subsidiary, including, without
limitation, any Permitted Convertible Debt and/or (vi) the purchase of any Permitted Equity Derivatives and any settlement, unwinding or other termination of any Permitted Equity Derivatives to the extent no Event of Default then exists or
would be caused thereby in each case), (b) directly or indirectly make any Investment other than Permitted Investments, or permit any of its Subsidiaries to do so, except as is otherwise permitted in Section 10.3 hereof or (c) pay any
amount in cash in repayment, redemption, retirement, conversion or repurchase, directly or indirectly, of any Permitted Convertible Debt (other than (i) payment of interest, expenses and indemnities as and when due in respect of any Permitted
Convertible Debt, (ii) purchases, redemptions and other payments of any Permitted Convertible Debt in connection with the issuance of other Permitted Convertible Debt so long as the aggregate principal amount of Permitted Convertible Debt does
not exceed Three Hundred Million Dollars ($300,000,000) after giving effect to such purchases, redemptions and other payments, (iii) exchange of Permitted Convertible Debt for Equity Interests of Borrower (and any cash payment in lieu of
issuance of fractional shares) and any cash payment for accrued interest and/or (iv) cash payment in lieu of issuance of fractional shares in connection with the settlement upon any conversion or exchange of Permitted Convertible Debt).”

  
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 (ii) Article XI is amended to delete all references to “$1,500,000” in Section
XI(f) and substitute in lieu thereof the words “Ten Million Dollars ($10,000,000)”. 
 (jj) Article XI is amended to add the
following proviso at the end of Section XI(f): 
 “provided that this Section XI(f) shall not apply to (i) secured Indebtedness
that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness, (ii) with respect to any Permitted Equity Derivatives, termination events or equivalent events pursuant to the terms of such
Permitted Equity Derivatives and not as a result of any default thereunder by the Borrower or any of its Subsidiaries, (iii) any conversion of exchange of any Permitted Convertible Debt and any conversion or exchange trigger that results in
such Permitted Convertible Debt becoming convertible or exchangeable, as applicable and (iv) Indebtedness of a Person acquired in connection with a Permitted Acquisition that has become due and payable as a result of such Permitted
Acquisition;” 
 (kk) Section 15.11 is amended to delete such section in its entirety and to substitute the following in place
thereof: 
 “15.11 Patriot Act Verification 

Lender hereby notifies Borrower that pursuant to the requirements of the Patriot Act, the Beneficial Ownership Regulation, the Anti-Terrorism
Laws, the Anti-Corruption Laws and/or the Bank Secrecy Act, Lender is required to obtain, verify and record information that identifies Borrower, which information includes the name and address of Borrower and other information that will allow
Lender to identify Borrower in accordance with the Patriot Act, the Beneficial Ownership Regulation, the Anti-Terrorism Laws and/or the Anti-Corruption Laws. Borrower shall provide such information and take such actions as are reasonably requested
by Lender in order to assist Lender in maintaining compliance with the Patriot Act, the Beneficial Ownership Regulation, the Anti-Terrorism Laws, the Anti-Corruption Laws and/or the Bank Secrecy Act, including, without limitation, a Beneficial
Ownership Certification form acceptable to Lender. The information included in the Beneficial Ownership Certification is to be true and correct in all respects.” 

2. Conditions of Effectiveness. The effectiveness of this Amendment is subject to the following conditions precedent: 

(a) The consummation of the first offering by Borrower of its Equity Interests to the public pursuant to an effective registration statement
filed under the Securities Act of 1933, as amended, or under any similar law then in effect. 
 (b) Lender shall have received counterparts
of this Amendment duly executed by Borrower, each Guarantor and Lender. 
 (c) Lender shall have received such documents and certificates as
Lender or its counsel may reasonably request relating to the organization, existence and good standing of the Loan Parties, the authorization of this Agreement and any other legal matters relating to such Loan Parties, the Loan Documents or this
Agreement, all in form and substance reasonably satisfactory to Lender and its counsel. 
 (d) Lender shall have received an Officer’s
Certificate in the form of Exhibit H attached to the Loan Agreement, dated the date hereof, and signed by the Chief Financial Officer of each of the Loan Parties. 

  
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 (e) Lender shall have received payment of Lender’s fees and reasonable out-of-pocket expenses (including reasonable out-of-pocket fees and expenses of counsels for
Lender) in connection with this Amendment. 
 3. Representations and Warranties of the Loan Parties. Each Loan Party for itself hereby
represents and warrants as follows: 
 (a) This Amendment and each of the Loan Documents (each as amended hereby), as applicable, constitute
the legal, valid and binding obligations of such Loan Party enforceable against such Loan Party in accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting Lender’s rights
generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 
 (b) As of the
date hereof and giving effect to the terms of this Amendment, (i) no Default or Event of Default shall have occurred and be continuing and (ii) the representations and warranties of Borrower set forth in the Loan Agreement are true and
correct in all material effects (provided that any representation or warranty qualified by materiality or Material Adverse Effect is true and correct in all respects) (except to the extent any such representation or warranty expressly relates to an
earlier date, in which case such representation or warranty shall be true and correct as of such earlier date). 
 4. Reference to and
Effect on the Loan Agreement and the Loan Documents. 
 (a) Upon the effectiveness hereof, each reference to the Loan Agreement or any
other Loan Document shall mean and be a reference to the Loan Agreement and such other Loan Document, as the case may be, as amended hereby. 

(b) Except as specifically amended above, each Loan Document and all other documents, instruments and agreements executed and/or delivered in
connection therewith shall remain in full force and effect and are hereby ratified and confirmed. 
 (c) Except as specifically provided
above, the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of Lender, nor constitute a waiver of any provision of the Loan Agreement, the Loan Documents or any other documents,
instruments and agreements executed and/or delivered in connection therewith. 
 (d) This Amendment is a “Loan Document” under (and
as defined in) the Loan Agreement. 
 5. Consent and Reaffirmation. Without in any way establishing a course of dealing by Lender,
each of Lender and each of the undersigned Loan Parties consents to this Amendment and reaffirms the terms and conditions of the Loan Agreement and the other Loan Documents executed by it and acknowledges and agrees that the Loan Agreement and each
and every Loan Document executed by the undersigned in connection with the Loan Agreement remains in full force and effect and is hereby reaffirmed, ratified and confirmed. 

6. Counterparts; Electronic Execution. This Amendment may be executed in counterparts (and by different parties hereto in different
counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Amendment by facsimile or in electronic (e.g.,
“pdf” or “tif”) format shall be effective as delivery of a manually executed counterpart of this Amendment. The words “execution,” 

  
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“signed,” “signature,” and words of similar import in this Amendment shall be deemed to include electronic or digital signatures or the keeping of records in electronic form,
each of which shall be of the same effect, validity and enforceability as manually executed signatures or a paper-based recordkeeping system, as the case may be, to the extent and as provided for under applicable law, including the Electronic
Signatures in Global and National Commerce Act of 2000 (15 USC § 7001 et seq.) or any other similar state laws based on the Uniform Electronic Transactions Act. 

7. Governing Law; Jurisdiction; Service of Process. The provisions of Section 15.1 of the Loan Agreement are hereby incorporated by
reference herein, mutatis mutandis. 
 8. Entire Agreement. The provisions of Section 15.8 of the Loan Agreement are
hereby incorporated by reference herein, mutatis mutandis. 
 9. Headings. Section headings in this Amendment are included
herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose. 
 [Signature Pages
Follow] 

  
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 IN WITNESS WHEREOF, this Agreement is signed and given under seal as of the date first
written above and it is intended that this Agreement is and shall constitute and have the effect of a sealed instrument according to law. 
  

			
	BORROWER:
	
	SWEETGREEN, INC.
		
	By:	 	 /s/ Mitch Reback

	Name:	 	Mitch Reback
	Its:	 	Chief Financial Officer
	Attn:	 	3000 S. Robertson Blvd.
		 	Los Angeles, California 90034
	Email:	 	mitch.reback@sweetgreen.com
	
	GUARANTORS:
	
	SWEETGREEN NEW YORK, LLC
		
	By:	 	 /s/ Mitch Reback

	Name:	 	Mitch Reback
	Its:	 	Chief Financial Officer
	Attn:	 	3000 S. Robertson Blvd.
		 	Los Angeles, California 90034
	Email:	 	mitch.reback@sweetgreen.com
	
	SWEETGREEN BOSTON, LLC
		
	By:	 	 /s/ Mitch Reback

	Name:	 	Mitch Reback
	Its:	 	Chief Financial Officer
	Attn:	 	3000 S. Robertson Blvd.
		 	Los Angeles, California 90034
	Email:	 	mitch.reback@sweetgreen.com

 [Signature Page to Amendment No. 1 to Amended and Restated Revolving Credit, Delayed Draw Term
Loan and Security Agreement] 

 
			
	SWEETGREEN LA, LLC
		
	By:	 	 /s/ Mitch Reback

	Name:	 	Mitch Reback
	Its:	 	Chief Financial Officer
	Attn:	 	3000 S. Robertson Blvd.
		 	Los Angeles, California 90034
	Email:	 	mitch.reback@sweetgreen.com
	
	SWEETGREEN CHICAGO LLC
		
	By:	 	 /s/ Mitch Reback

	Name:	 	Mitch Reback
	Its:	 	Chief Financial Officer
	Attn:	 	3000 S. Robertson Blvd.
		 	Los Angeles, California 90034
	Email:	 	mitch.reback@sweetgreen.com
	
	SWEETGREEN TEXAS, LLC
		
	By:	 	 /s/ Mitch Reback

	Name:	 	Mitch Reback
	Its:	 	Chief Financial Officer
	Attn:	 	3000 S. Robertson Blvd.
		 	Los Angeles, California 90034
	Email:	 	mitch.reback@sweetgreen.com
	
	SWEETGREEN COLORADO, LLC
		
	By:	 	 /s/ Mitch Reback

	Name:	 	Mitch Reback
	Its:	 	Chief Financial Officer
	Attn:	 	3000 S. Robertson Blvd.
		 	Los Angeles, California 90034
	Email:	 	mitch.reback@sweetgreen.com

 [Signature Page to Amendment No. 1 to Amended and Restated Revolving Credit, Delayed Draw Term
Loan and Security Agreement] 

 
			
	LENDER:
	
	EAGLEBANK
		
	By:	 	 /s/ Deirdre E. Vollmer

	Name:	 	Deirdre E. Vollmer
	Its:	 	Vice President
	Attn:	 	2001 K Street NW
		 	Washington, D.C. 20006
	Telephone: (202) 292-1635
	FAX:	 	(301) 841-0345
	Email:	 	DVollmer@EagleBankCorp.com

 [Signature Page to Amendment No. 1 to Amended and Restated Revolving Credit, Delayed Draw Term
Loan and Security Agreement]EX-10.17

 Exhibit 10.17 

EXCHANGE AGREEMENT 
 This
EXCHANGE AGREEMENT (this “Agreement”) is made and entered into as of [•], 2021 by and among Sweetgreen, Inc., a Delaware corporation (the “Company”), and
stockholders of the Company listed on Exhibit A hereto (collectively, the “Exchange Stockholders”). 

RECITALS 

WHEREAS, the Board of Directors of the Company (the “Board”) has determined that
it is in the best interests of the Company and its stockholders to implement a dual class structure in connection with the Company’s proposed initial public offering of its capital stock in a firm commitment underwritten offering (the
“IPO”) pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “Securities Act”); 

WHEREAS, in connection with the IPO, the Board has approved an Amended and Restated Certificate of
Incorporation of the Company (the “Certificate of Incorporation”), which, among other things, if effected in connection with the IPO, would create two series of common stock of the Company, Class A common stock, par
value $0.001 per share (“Class A Common Stock”), entitling holders to one (1) vote per share and Class B common stock, par value $0.001 per share
(“Class B Common Stock”), entitling holders to ten (10) votes per share; 

WHEREAS, the Certificate of Incorporation further provides that the Company’s common stock, par
value $0.001 per share (“Pre-IPO Common Stock”), will, upon the effectiveness of the filing of the Certificate of Incorporation (the “Effective Time”), be
reclassified as Class A Common Stock; 
 WHEREAS, the Exchange Stockholders hold or will hold
shares of Pre-IPO Common Stock as of immediately prior to the Effective Time and all such shares of Pre-IPO Common Stock will be reclassified as shares of Class A
Common Stock at the Effective Time; 
 WHEREAS, the Board has determined that exchanging certain shares
of Class A Common Stock that will be held by the Exchange Stockholders at the Effective Time as set forth on Exhibit A hereto for shares of Class B Common Stock as part of the implementation of the dual class structure is advisable and in
the best interest of the Company and all of its stockholders, including its stockholders other than the Exchange Stockholders; 

WHEREAS, the Exchange Stockholders have entered into a lock-up
agreement with the underwriters in connection with the IPO relating to their shares of Pre-IPO Common Stock pursuant to which they have agreed to limit the number of shares they may sell, transfer or pledge in
the contemplated early lock-up releases to a lower percentage of holdings than other equity holders of the Company; and 

WHEREAS, the parties hereto intend that no gain or loss shall be recognized in the Exchange (as defined
below) pursuant to Sections 368(a)(1)(E) and/or 1036 of the Internal Revenue Code of 1986, as amended (the “Code”) and this Agreement shall constitute a “plan of organization” within the meaning of Treasury
Regulation Sections 1.368-2(g) and 1.368-3(a). 

AGREEMENT 

NOW, THEREFORE, in consideration of the above recitals and the mutual covenants made
herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and accepted, the parties hereto agree as follows: 

  
 1 

 1. EXCHANGE OF
CLASS A COMMON STOCK. 
 1.1
Subject to the terms and conditions of this Agreement, immediately following the Effective Time and effective immediately prior to the consummation of the IPO (the “Exchange Effective Time”), each Exchange Stockholder shall
be deemed to have automatically transferred to the Company the shares of Class A Common Stock held by such Exchange Stockholder as set forth on Exhibit A hereto (the “Class A Shares”) and
the Company shall issue to each Exchange Stockholder shares of Class B Common Stock (the “Class B Shares”), at an exchange ratio of one (1) Class A Share for one
(1) Class B Share (the “Exchange”). The number of Class A Shares to be transferred and the number of Class B Shares to be received in the Exchange by each Exchange Stockholder are as set forth on
Exhibit A hereto. 
 1.2 Concurrently herewith, each Exchange Stockholder shall deliver to the Company an Assignment Separate from
Certificate in substantially the form attached to this agreement as Exhibit B to evidence that the shares of the Pre-IPO Common Stock (which will automatically be renamed as Class A Common Stock upon the
Effective Time) have been duly transferred to the Company to be held in escrow until the Exchange Effective Time and such documents are automatically released without further action by the Company or the Exchange Stockholder at the Exchange
Effective Time. 
 1.3 Upon the effectiveness of the Exchange, the Company shall deliver to each Exchange Stockholder such
documentation as may be reasonably required to evidence that the Class B Shares have been duly issued and transferred to the applicable Exchange Stockholder. 

2. REPRESENTATIONS AND WARRANTIES. 

2.1 Representations and Warranties of the Exchange Stockholders. Each Exchange Stockholder hereby, severally and not jointly,
represents and warrants to the Company, with respect to the transactions contemplated hereby, as follows: 
 (a) Ownership;
Authority. Each Exchange Stockholder will be, as of the Exchange Effective Time, the beneficial and legal owner of the Class A Shares exchanged hereunder, free and clear of all liens, encumbrances and restrictions (except for restrictions
on transfer arising under applicable securities laws or as set forth or contemplated by this Agreement, the Certificate of Incorporation, the bylaws of the Company or any other agreements to which such Exchange Stockholder and the Company are a
party). Each Exchange Stockholder has the full right, power and authority to enter into this Agreement and, assuming the waiver or inapplicability of any and all rights of first refusal or co-sale by the
Company and the Company’s stockholders that are applicable to the transactions contemplated hereby, and assuming the effectiveness of the Certificate of Incorporation, to transfer, convey and exchange the Class A Shares in accordance with
this Agreement. Assuming the due authorization, execution and delivery by the Company, this Agreement constitutes a valid and binding agreement of such Exchange Stockholder, enforceable against such Exchange Stockholder in accordance with its terms
(subject to applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other laws affecting creditors’ rights generally and general principles of equity). Upon consummation of the Exchange contemplated hereby, the
Company will acquire from Exchange Stockholder good and marketable title to the Class A Shares, free and clear of any and all liens, encumbrances and restrictions (except for restrictions on transfer arising under applicable securities laws or
as set forth or contemplated by this Agreement, the Certificate of Incorporation, the bylaws of the Company or any other agreements to which such Exchange Stockholder and the Company are a party, and subject to applicable bankruptcy, insolvency,
fraudulent transfer, reorganization, moratorium and other laws affecting creditors’ rights generally and general principles of equity). 

(b) Governmental Authorization. The execution, delivery and performance by such Exchange Stockholder of this Agreement and the
consummation of the transactions contemplated hereby require no action by or in respect of, or filing with, any governmental authority on the part of such Exchange Stockholder (excluding, for the avoidance of doubt (a) the filing by the Company
of the Certificate of Incorporation with the Secretary of State of the State of Delaware, (b) compliance by the Company with any applicable requirements of any applicable state or federal securities laws, and (c) any filings required by
the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”)). For purposes of this Agreement, “governmental authority” means any transnational, domestic or foreign federal, state or local
governmental, regulatory or administrative authority, department, court, agency or official, including any political subdivision thereof. 

  
 2 

 (c) Non-contravention. The execution,
delivery and performance by such Exchange Stockholder of this Agreement and the consummation of the transactions contemplated hereby do not and will not, assuming compliance with the matters referred to in Section 2.1(b) and approval of and
adoption by the Company’s stockholders of the Certificate of Incorporation, (a) violate any governing document, including any trust agreement, applicable to such Exchange Stockholder, (b) violate any law or order applicable to such
Exchange Stockholder, (c) assuming the waiver or inapplicability of any and all rights of first refusal or co-sale held by the Company or the Company’s stockholders that are applicable to the
transactions contemplated hereby, constitute a material default under any provision of any agreement or other instrument binding upon such Exchange Stockholder, or (d) result in the creation or imposition of any lien on such Exchange
Stockholder’s Class B Shares, other than restrictions on transfer arising under applicable securities laws or as set forth or contemplated by this Agreement, the Certificate of Incorporation or any other agreements to which such Exchange
Stockholder and the Company are a party. 
 (d) Restricted Securities; Rule 144. Such Exchange Stockholder understands that
the Class B Shares are characterized as “restricted securities” under the Securities Act because such shares are being acquired from the Company in a transaction not involving a public offering and in exchange for shares acquired from
the Company in a transaction not involving a public offering, and that under the Securities Act and the rules and regulations promulgated thereunder the Class B Shares may be resold without registration under the Securities Act only in certain
limited circumstances, and subject to the restrictions under the Company’s certificate of incorporation. Such Exchange Stockholder understands and hereby acknowledges that the Class B Shares must be held indefinitely unless subsequently
registered under the Securities Act or an exemption from such registration is otherwise available. Such Exchange Stockholder is aware of the provisions of Rule 144 promulgated under the Securities Act, which provide a safe harbor for certain resales
of shares purchased in a transaction not involving a public offering, subject to the satisfaction of certain conditions. 
 (e)
Legends. It is understood that any certificate or book entry position representing the Class B Shares and any securities issued in respect thereof or exchange therefor, shall bear legends in substantially the following form (in addition
to any legend required under applicable state securities laws or agreements to which the Exchange Stockholder is a party): 
 “THE
SHARES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. THESE SHARES MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR
HYPOTHECATED EXCEPT AS PERMITTED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS PURSUANT TO REGISTRATION OR AN EXEMPTION THEREFROM. THE ISSUER OF THESE SHARES MAY REQUIRE AN OPINION OF COUNSEL SATISFACTORY TO THE ISSUER THAT SUCH OFFER, SALE OR
TRANSFER, PLEDGE OR HYPOTHECATION OTHERWISE COMPLIES WITH THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS.” 
 (f) No Other
Representations or Warranties. Except for the representations and warranties contained in this Section 2.1, neither any Exchange Stockholder nor any other person on behalf of any Exchange Stockholder has made any other express or implied
representation or warranty, either written or oral. The Company acknowledges and agrees that it has not received or relied upon any express or implied representation or warranty made by any Exchange Stockholder or any other person on behalf of any
Exchange Stockholder outside of this Agreement. 

  
 3 

 2.2 Representations and Warranties of the Company. The Company hereby
represents and warrants to each Exchange Stockholder, with respect to the transactions contemplated hereby, as follows: 
 (a)
Corporate Existence and Power. The Company is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Delaware. 

(b) Corporate Authorization. The execution, delivery and performance by the Company of this Agreement and the consummation of
the transactions contemplated hereby are within the corporate powers of the Company and have been duly authorized by all necessary corporate action on the part of the Company and the Company’s stockholders, subject to compliance with
Section 2.2(c) and the approval of and adoption by the Company’s stockholders of the Certificate of Incorporation. Any and all rights of first refusal or co-sale held by the Company or the
Company’s stockholders that are applicable to the transactions contemplated hereby have been waived or are otherwise inapplicable. Assuming the due authorization, execution and delivery by each Exchange Stockholder, this Agreement constitutes a
valid and binding agreement of the Company, enforceable against the Company in accordance with its terms (subject to applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other laws affecting creditors’ rights
generally and general principles of equity). 
 (c) Valid Issuance of Shares. The Class B Shares, when issued and
delivered in accordance with the terms of this Agreement, will be validly issued, fully paid and nonassessable. The Class B Shares shall have the rights, restrictions, privileges and preferences set forth in the Certificate of Incorporation and
the bylaws of the Company. 
 (d) Governmental Authorization. The execution, delivery and performance by the Company of this
Agreement and the consummation of the transactions contemplated hereby require no action by or in respect of, or filing with, any governmental authority other than (i) the filing by the Company of the Certificate of Incorporation with the
Secretary of State of the State of Delaware, (ii) compliance by the Company with any applicable requirements of any applicable state or federal securities laws, and (iii) any filings required by the HSR Act. 

(e) Non-contravention. The execution, delivery and performance by the Company of this
Agreement and the consummation of the transactions contemplated hereby do not and will not, assuming compliance with the matters referred to in Section 2.2(c) and approval of and adoption by the Company’s stockholders of the Certificate of
Incorporation, (i) violate the Certificate of Incorporation or bylaws of the Company, (ii) violate any law or order applicable to the Company, (iii) require any consent or other action by any person under, constitute a default under,
or give rise to any right of termination, cancellation or acceleration of any right obligation of the Company or to the loss of any benefit to which the Company is entitled under any provision of any agreement or other instrument binding upon the
Company or (iv) result in the creation or imposition of any lien, charge or encumbrance on the Class B Shares other than as set forth or contemplated by this Agreement or the Certificate of Incorporation. 

(e) Litigation. There is no claim, action, suit, arbitration, criminal or civil proceeding or investigation pending or, to the
Company’s knowledge, currently threatened that questions the validity of this Agreement, or the right of the Company to enter into this Agreement or to consummate the transactions contemplated hereby. 

3. EFFECTIVENESS. 

3.1 Effectiveness. This Agreement shall become effective concurrently with the Effective Time, which the parties hereto agree
shall not occur until the applicable waiting period under the HSR Act shall have expired or been terminated, and the consents, actions and filings referred to in Sections 2.1(b) and 2.2(d) of this Agreement shall have been made and/or obtained. 

4. MISCELLANEOUS. 

4.1 Waiver of Right of First Refusal and Transfer Restrictions. The Company hereby waives or has obtained the waiver of any
preexisting rights of first refusal, co-sale and other transfer restrictions applicable to the transactions contemplated hereby and fully consents to the Exchange contemplated herein. 

  
 4 

 4.2 Governing Plan Documents. In the event that any Class A Shares to be
exchanged pursuant hereto are issued under the Company’s 2019 Equity Incentive Plan (as amended, the “Plan”), the Class B Shares issued pursuant hereto shall remain subject to the terms of the Plan and the form of
governing documentation thereunder, including any Stock Option Grant Notice and Option Agreement as well as, if applicable, any Early Exercise Stock Purchase Agreement or similar agreement. 

4.3 Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware,
regardless of the laws that might otherwise govern under applicable principles of conflicts of law. 
 4.4 No Assignment. The
terms and conditions of this Agreement, including all obligations and rights therein, may not be assigned. 
 4.5 Amend or
Waive. This Agreement may be amended or terminated and the observance of any term hereof may be waived (either generally or in a particular instance and either retroactively or prospectively) only by a written instrument executed by each of the
parties hereto. 
 4.6 Severability. The invalidity or unenforceability of any provision hereof shall in no way affect the
validity or enforceability of any other provision. 
 4.7 Entire Agreement. This Agreement shall constitute the full and entire
understanding and agreement among the parties with respect to the subject matter hereof, and any other written or oral agreement relating to the subject matter hereof existing among the parties are expressly canceled. 

4.8 Counterparts; Facsimile. This Agreement may be executed and delivered by facsimile signature, including electronic
signatures, and in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 

4.9 Tax Consequences. The parties hereto intend that no gain or loss shall be recognized in the Exchange pursuant to Sections
368(a)(1)(E) and/or 1036 of the Code. The parties adopt this Agreement as a plan of reorganization within the meaning of Treasury Regulations Sections 1.368-2(g) and
1.368-3(a). Notwithstanding the foregoing, each Exchange Stockholder has reviewed with his own tax advisors the federal, state, local and foreign tax consequences of the Exchange, investment in the
Class B Shares and the transactions contemplated by this Agreement. Each Exchange Stockholder is relying solely on such advisors and not on any statements or representations of the Company or any of its agents in connection with the
transactions contemplated hereby, except for the representations and warranties of the Company expressly set forth in Section 2.2 above. 

[SIGNATURE PAGE FOLLOWS.] 

  
 5 

 IN WITNESS WHEREOF, the
undersigned have caused this Agreement to be executed as of the date first written above. 
  

			
	SWEETGREEN, INC.
		
	By:	 	              

	Name:	 	              

	Title:	 	              

  

[SIGNATURE PAGE TO SWEETGREEN, INC. EXCHANGE
AGREEMENT] 

 EXHIBIT A 

[Omitted] 

 EXHIBIT B 

FORM OF ASSIGNMENT SEPARATE FROM CERTIFICATE 

FOR VALUE RECEIVED and pursuant to that certain Exchange Agreement by and among the undersigned (“Exchange Stockholder”),
Sweetgreen, Inc. (the “Company”) and the additional parties thereto, dated as of ____________, 2021, the Exchange Stockholder hereby assigns and transfers unto the Company the following number of the following shares of capital
stock of the Company standing in Exchange Stockholder’s name on the Company’s books, in exchange for an equivalent number of shares of Class B Common Stock: 
  

			
	 CLASS/SERIES
	  	 SHARES

		
	Class A Common Stock	  	[___]

 Transferor hereby irrevocably constitutes and appoints the Secretary of the Company to transfer said stock on
the books of the Company with full power of substitution in the premises. 
 DATED: ____________, 2021 

 

			
	EXCHANGE STOCKHOLDER:
	
	[___]
		
	By:	 	              

	Name:	 	              

	Title:	 	              

  
 EXHIBIT
B TO SWEETGREEN, INC. EXCHANGE AGREEMENT

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