Company: VREOF
Filing Date: 2025-03-21
Form Type: DEFM14C
Source: 0001140361-25-009815
Chunk: 83

Company: Vireo Growth Inc.
Filing Date: 2025-03-21
Form: DEFM14C
Chunk 83
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 as the “Wholesome Total Merger Consideration.”

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TABLE OF CONTENTS

Lock-Up Letters As an additional condition to receiving its pro rata portion of the Wholesome Closing Share Payment and any Wholesome Earn-Out Shares, each stockholder of Wholesome is required to deliver a lock-up letter (each, a “Lock-Up Letter”) to the Company. The Lock-Up Letters will restrict each stockholder, subject to certain customary exceptions, from (i) offering, hypothecating, encumbering, pledging, selling, contracting to sell, selling any option, warrant or contract to purchase, purchasing any option, warrant or contract to sell, granting any option, right or warrant to purchase, or otherwise transferring or disposing of, or agreeing to transfer or dispose of, or lending, directly or indirectly, or establishing or increasing a put equivalent position or liquidation with respect to or decreasing a call equivalent position, (ii) entering into any swap, short sale, hedge or other agreement or arrangement that transfers, in whole or in part, any of the economic consequences of ownership of, or (iii) publicly disclosing the intention to do any of the foregoing (the “Lock-up Restrictions”) with respect to any of the Subordinate Voting Shares it receives in connection with the Wholesome Closing Share Payment for the periods of time set forth in the chart below. Additionally, the Lock-Up Restrictions will apply to any Subordinate Voting Shares received by the Wholesome stockholders in connection with the Wholesome Closing Share Payment during the six-month period ending December 31, 2026.

| Closing Share Payment Lock-Up Release      |     | Closing Consideration Restricted Period                                                  |
| 7.5% of Closing Share Payment Shares       |     | Closing to 12 months post-Closing                                                        |
| 10% of Closing Share Payment Shares        |     | Closing to 18 months post-Closing                                                        |
| 10% of Closing Share Payment Shares        |     | Closing to 21 months post-Closing                                                        |
| 17.5% of Closing Share Payment Shares      |     | Closing to 24 months post-Closing                                                        |
| 15% of Closing Share Payment Shares        |     | Closing to 27 months post-Closing                                                        |
| 20% of Closing Share Payment Shares        |     | Closing to 30 months post-Closing                                                        |
| 20% of Closing Share Payment Shares        |     | Closing to 33 months post