Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Sweetgreen, Inc. entered into Sublease Agreement with FPM Development, LLC valued at Monthly base rent ranging from $399,844.25 to $491,757.99; annual base rent from $4,398,286.75 to $5 (effective 2024-04-30).
- Action
- entry
- Agreement
- lease
- Counterparty
- FPM Development, LLC
- Value
- Monthly base rent ranging from $399,844.25 to $491,757.99; annual base rent from $4,398,286.75 to $5
- Effective
- 2024-04-30
Exact text from the filing
On April 30, 2024, Sweetgreen, Inc. (the “ Company ”) entered into a sublease agreement (the “ Sublease Agreement ”) with FPM Development, LLC, a Wyoming limited liability company (the “ Subtenant ”), pursuant to which the Company will sublease approximately 57,681 square feet of space (the “ Phase I Premises ”) and approximately 36,400 square feet of space (the “ Phase II Premises ” and together with the Phase I Premises, the “ Premises ”) located at 3101 Exposition Boulevard, Los Angeles, California 90018.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Sweetgreen, Inc. amended Letter Agreement with Welcome to the Dairy, LLC valued at Landlord receives 100% of Company's profits under Sublease in excess of amounts payable under Lease; (effective 2024-04-30).
- Action
- amendment
- Agreement
- lease
- Counterparty
- Welcome to the Dairy, LLC
- Value
- Landlord receives 100% of Company's profits under Sublease in excess of amounts payable under Lease;
- Effective
- 2024-04-30
Exact text from the filing
In connection with the Landlord’s consent to the Sublease Agreement, the Company and the Landlord entered into a letter agreement, dated as of April 30, 2024, modifying the terms of the Lease (the “ Letter Agreement ”).
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