SECURITY AND PLEDGE AGREEMENTSecurity and Pledge Agreement • November 4th, 2019 • Shake Shack Inc. • Retail-eating & drinking places
THIS SECURITY AND PLEDGE AGREEMENT (this “Agreement”) is entered into as of August 2, 2019 among SSE HOLDINGS, LLC, a Delaware limited liability company (the “Borrower”), the other parties identified as “Obligors” on the signature pages hereto and such other parties that may become Obligors hereunder after the date hereof (together with the Borrower, individually an “Obligor”, and collectively the “Obligors”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, in its capacity as administrative agent (in such capacity, the “Administrative Agent”) for the holders of the Secured Obligations. For the avoidance of doubt, no Excluded Subsidiary shall be an Obligor.
