Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 139

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 139
---
 Agreement
At or prior to the Proper Closing, Proper, the Company and/or Proper MSA Newco will execute and deliver to each other an option agreement (the “Proper Option Agreement”). The Proper Option Agreement will include certain covenants of Proper with respect to its ownership and maintenance of the Proper Regulated Assets and obtaining the required approvals in Missouri to transfer such Proper Regulated Assets to Proper MSA Newco, or, after the Proper Closing, any other affiliate of the Company. The Company and/or Proper MSA Newco will have an option pursuant to the Proper Option Agreement to purchase all of the Proper Regulated Assets from Proper and its subsidiaries for the aggregate purchase price of $1.

**Letter of Transmittal; Joinder; Investor Rights Agreement**

In order to receive any portion of the Proper Total Merger Consideration, (i) Proper will be required to prepare, execute, and deliver to the Company a Letter of Transmittal, an Investor Rights Agreement, and a Lock-Up Letter, and (ii) each other Proper Share Recipient will be required to prepare, execute, and deliver to the Company a joinder to the Proper Merger Agreement (which will generally contain the necessary representations and warranties, and other matters substantially equivalent to, the Letter of Transmittal as described below), an Investor Rights Agreement, and a Lock-Up Letter.

<div align='center'>75</div>

#### TABLE OF CONTENTS
The Letter of Transmittal and each joinder to the Proper Merger Agreement will, among other things, include certain representations of warranties of each Proper Share Recipient with respect to its authority and capacity and compliance with applicable U.S. and Canadian securities laws. The Letter of Transmittal will also include various waivers by Proper and each Proper Share Recipient, including with respect to any appraisal rights under applicable law, and will also provide a general release of the Company, Proper Merger Sub 1, Proper Merger Sub 2, the Proper Companies, and their respective affiliates and other related parties.

The Investor Rights Agreement will, among other things, include certain registration rights with respect to the Subordinate Voting Shares received by each Proper Share Recipient. These registration rights will obligate the Company to prepare and file with the SEC a registration statement upon the expiration of 12 months after the Proper Closing to cover the resale of the Subordinate Voting Shares received by the Proper Share Recipients pursuant to the Proper Merger Agreement to the extent that the holders of such Subordinate Voting Shares cannot resell such Sub