Document:

EX-10.2

 Exhibit 10.2 

FORM OF LOCK-UP AGREEMENT 

THIS AGREEMENT is made as of ●, 2022 
 BETWEEN:

  

	 	•	 	 (the “Shareholder”) 

- and - 
 CRESCO LABS INC., a company
incorporated under the laws of the Province of British Columbia (the “Purchaser”) 
 RECITALS: 

WHEREAS, the Purchaser proposes to acquire all of the issued and outstanding common shares and proportionate voting shares
(collectively, the “Purchased Securities”) of Columbia Care Inc. (the “Company”) pursuant to a proposed statutory plan of arrangement (the “Arrangement”) under the Business Corporations Act
(British Columbia) to be completed pursuant to the terms of an arrangement agreement (the “Arrangement Agreement”) to be entered into between the Purchaser and the Company; 

AND WHEREAS, the Shareholder is the registered or beneficial owner, directly or indirectly, of the number Purchased Securities (and
other securities convertible, exchangeable or exercisable into Purchased Securities) as listed in Schedule A hereto which Purchased Securities will, if the Arrangement is completed, be exchanged for subordinate voting shares of the Purchaser
(“Purchaser Shares”); 
 AND WHEREAS, in connection with the Arrangement, it is proposed that certain
shareholders of the Company will agree to have their Subject Securities (as defined below) locked up for a period of up to 240 days following the closing of the Arrangement; 

AND WHEREAS, the Shareholder recognizes that the Arrangement will result in a benefit to it; 

AND WHEREAS, this Agreement sets out the terms and conditions of the agreement of the Shareholder to abide by the covenants in respect
of the Subject Securities and the other restrictions and covenants set forth herein; 
 NOW THEREFORE, in consideration of the mutual
covenants and agreements set forth in this Agreement and for other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged) the parties hereto agree as follows: 

 

	 	1.	 The Shareholder hereby agrees that it will not for the applicable
Lock-up Period, directly or indirectly; 

  

	 	a.	 sell, offer, contract or grant any option or right to sell, pledge, transfer, or otherwise dispose of Subject
Securities, whether of record or beneficially; 

  

	 	b.	 monetize, or engage in any swap or hedging transaction, or enter into any form of agreement, arrangement or
understanding the effect of which is to alter, directly or indirectly, the Shareholder’s economic interest in, or economic exposure to, the Subject Securities; or 

 

	 	c.	 publicly announce an intention to do any of the foregoing 

  
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 (collectively a “Transfer”). 

 

	 	2.	 For purposes of this Agreement: 

 

	 	a.	 “Subject Securities” means 90% of the Purchaser Shares to be received by the Shareholder under
the Arrangement; and 

  

	 	b.	 “Lock-up Period” means the period commencing on the
closing date of the Arrangement and expiring; 

  

	 	i.	 in respect of the first 25% of the Subject Securities, the date that is 60 days following the closing of the
Arrangement; 

  

	 	ii.	 in respect of the second 25% of the Subject Securities, the date that is 120 days following the closing of the
Arrangement; 

  

	 	iii.	 in respect of the third 25% of the Subject Securities, the date that is 180 days following the closing of the
Arrangement; and 

  

	 	iv.	 in respect of the balance of the Subject Securities, the date that is 240 days following the closing of the
Arrangement. 

  

	 	3.	 Notwithstanding the restrictions on Transfers of Subject Securities described above, the undersigned may
undertake any of the following Transfers of Subject Securities during the applicable Lock-up Period: 

  

	 	a.	 by way of pledge or security interest, provided that the pledgee or beneficiary of the security interest agrees
in writing with the Purchaser to be bound by this Agreement for the remainder of the applicable Lock-up Period; 

  

	 	b.	 a Transfer to a spouse, parent, child or grandchild of, or corporations, partnerships, limited liability
companies or other entities controlled by, the Shareholder or a trust or account (including RRSP, RESP, RRIF or similar account) existing for the benefit of such person or entity, so long as such person or entity agrees in writing with the Purchaser
to be bound by this Agreement for the remainder of the applicable Lock-up Period and, in the case of corporations, partnerships, limited liability companies or other entities controlled by, the Shareholder, so
long as such entity remains controlled by the Shareholder for the remainder of the applicable Lock-up Period; 

  

	 	c.	 a Transfer pursuant to a bona fide take-over bid, merger, plan of arrangement or other similar transaction made
to all holders of Purchaser Shares, involving a change of control of the Purchaser, provided that in the event that the take-over bid, merger, plan of arrangement or other such transaction is not completed, the Subject Securities owned by the
undersigned shall remain subject to the restrictions contained in this Agreement; 

  

	 	d.	 Transfers of Subject Securities for the sole purpose of paying taxes that become due and payable upon the
vesting of an equity incentive held by the Shareholder at the closing of the Arrangement, provided that the Shareholder has sold all of the free trading Purchaser Shares received by the Shareholder upon closing of the Arrangement and the proceeds of
such sales are insufficient to pay such taxes; and provided further that the Shareholder provides notice to the Purchaser of the number of Subject Securities sold pursuant to this exemption; and 

  
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	 	e.	 Transfers occurring by operation of law or in connection with transactions as a result of the death or
incapacitation of the Shareholder. 

  

	 	4.	 The Shareholder hereby represents and warrants that it has full power and authority to enter into this
Agreement and that, upon request, it will execute any additional documents necessary or desirable in connection with the enforcement hereof. 

  

	 	5.	 This Agreement is irrevocable and will be binding on the Shareholder and its respective successors, assigns,
and, if applicable, its heirs and personal representatives, provided however that the undersigned shall not assign this Agreement without the prior written consent of Purchaser. 

 

	 	6.	 This Agreement shall be governed and construed in accordance with the laws of the Province of British Columbia
and the federal laws of Canada applicable therein. All matters relating hereto shall be submitted to the court of appropriate jurisdiction in the Province of British Columbia, Canada, for the purpose of this Agreement and for all related
proceedings. 

  

	 	7.	 This Agreement will terminate on the close of trading on the date that the last
Lock-up Period expires. 

  

	 	8.	 This Agreement may be executed in any number of counterparts, each of which when delivered, either in original
or facsimile form, shall be deemed to be an original and all of which together shall constitute one and the same document. 

[Signature Page to Follow] 

  
 - 3 - 

 Dated this 23rd day of March, 2022 

 

			
	CRESCO LABS INC.
		
	Per:	 	  

		 	Name:
		 	Title:

  

	
	 ________________________________________

	
	 (Name Shareholder )

	
	 By: _____________________________

	
	 (Authorised signatory)

	
	 Name: _______________________________________

	
	 Title: ________________________________________

  
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 SCHEDULE A 

Security Ownership 
  

									
	 Name
	  	 Number of

Company
 Common

Shares
	  	 Number of

Company
 Restricted

Share Units
	  	 Number of
Company
Performance Share

Units
	  	 Number of
Company
Proportionate
Voting Shares

	•	  	•	  	•	  	•	  	•

  
 - 5 -EX-4.4

 Exhibit 4.4 

DESCRIPTION OF SECURITIES REGISTERED 

UNDER SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 

The following description of the Class A common stock, par value $0.0001 per share, of Nuvalent, Inc. (us, our, we or the Company), which is the only
security of the Company registered under Section 12 of the Securities Exchange Act of 1934, as amended (the Exchange Act), summarizes certain information regarding our common stock in our third amended and restated certificate of incorporation
(restated certificate of incorporation), our amended and restated bylaws and applicable provisions of the Delaware General Corporation Law (the DGCL), and is qualified by reference to our restated certificate of incorporation and amended and
restated bylaws, which are incorporated by reference as Exhibit 3.1 and Exhibit 3.2, respectively, to the Annual Report on Form 10-K of which this Exhibit 4.4 is a part. 

Authorized Capital Stock 
 Our authorized capital stock
consists of 140,000,000 shares of Class A common stock, par value $0.0001 per share, 10,000,000 shares of Class B common stock, par value $0.0001 per share, and 10,000,000 shares of preferred stock, par value $0.0001 per share, all of
which shares of preferred stock are undesignated. Our Class A common stock is registered under Section 12(b) of the Exchange Act. 
 Common
Stock 
 Voting Rights. The holders of our Class A common stock are entitled to one vote for each share held on all matters submitted to a
vote of the stockholders. Except as otherwise expressly provided in our restated certificate of incorporation or as required by applicable law, on any matter that is submitted to a vote by our stockholders, holders of our Class B common stock
are not entitled to any votes per share of Class B common stock, including for the election of directors. The holders of our common stock do not have any cumulative voting rights. 

Dividends. Holders of our common stock are entitled to receive ratably any dividends declared by our board of directors out of funds legally available
for that purpose, subject to any preferential dividend rights of any outstanding preferred stock. 
 Liquidation and Dissolution. In the event of our
liquidation or dissolution, the holders of common stock are entitled to share ratably in all assets remaining after the payment of all debts and other liabilities and subject to the prior rights of any of our outstanding preferred stock. 

Other Rights. Holders of our common stock have no preemptive, subscription, redemption or conversion rights or sinking fund provisions, except that
holders of our Class B common stock have the right to convert each share of our Class B common stock into one share of Class A common stock at such holder’s election subject to the ownership limitations provided for in our
restated certificate of incorporation that prohibit the conversion of our Class B common stock into shares of Class A common stock to the extent that, upon such conversion, such holder and any other persons with whom such holder’s
beneficial ownership would be aggregated for purposes of Section 13(d) of the Exchange Act would beneficially own in excess of 4.9% or 9.9%, as applicable, based on the holder’s election, of any class of our securities registered under the
Exchange Act. The rights, preferences and privileges of holders of common stock are subject to and may be adversely affected by the rights of the holders of shares of any series of our preferred stock that we may designate and issue in the future.

 Preferred Stock 

Under the terms of our restated certificate of incorporation, our board of directors is authorized, without further action by our stockholders, to issue up
10,000,000 shares of preferred stock in one or more series and to fix the rights, preferences, privileges and restrictions thereof, including dividend rights, conversion rights, voting rights, terms of redemption, liquidation preferences, sinking
fund terms and the number of shares constituting, or the designation of, such series, any or all of which may be greater than the rights of common stock. The purpose of authorizing our board of directors to issue preferred stock and determine its
rights and preferences is to eliminate delays associated with a stockholder vote on specific issuances. The issuance of preferred stock, while providing flexibility in connection with possible acquisitions, future financings and other corporate
purposes, could have the effect of making it more difficult for a third party to acquire, or could discourage a third party from seeking to acquire, a majority of our outstanding voting stock. In addition, the issuance of preferred stock could
adversely affect the voting power of holders of our common stock and the likelihood that such holders will receive dividend payments and payments upon our liquidation. 

Anti-Takeover Effects of Delaware Law and Our Restated Certificate of Incorporation and Amended and Restated Bylaws 

Our restated certificate of incorporation and amended and restated bylaws include a number of provisions that may have the effect of delaying, deferring or
preventing another party from acquiring control of us and encouraging persons considering unsolicited tender offers or other unilateral takeover proposals to negotiate with our board of directors rather than pursue
non-negotiated takeover attempts. These provisions include the items described below. 
 Delaware Business
Combination Statute. We are subject to Section 203 of the DGCL. Subject to certain exceptions, Section 203 prevents a publicly held Delaware corporation from engaging in a “business combination” with any “interested
stockholder” for three years following the date that the person became an interested stockholder, unless either the interested stockholder attained such status with the approval of our board of directors, the business combination is approved by
our board of directors and stockholders in a prescribed manner or the interested stockholder acquired at least 85% of our outstanding voting stock in the transaction in which it became an interested stockholder. A “business combination”
includes, among other things, a merger or consolidation involving us and the “interested stockholder” and the sale of more than 10% of our assets. In general, an “interested stockholder” is any entity or person beneficially
owning 15% or more of our outstanding voting stock and any entity or person affiliated with or controlling or controlled by such entity or person. 

Staggered Board; Removal of Directors. Our restated certificate of incorporation divides our board of directors into three classes with staggered
three-year terms. In addition, our restated certificate of incorporation provides that directors may be removed only for cause and then only by the affirmative vote of the holders of two-thirds or more of the
shares then entitled to vote at an election of directors. Under our restated certificate of incorporation, any vacancy on our board of directors, however occurring, including a vacancy resulting from an increase in the size of our board of
directors, may only be filled by the affirmative vote of a majority of our directors then in office even if less than a quorum. Furthermore, our restated certificate of incorporation provides that the authorized number of directors may be changed
only by the resolution of our board of directors. The classification of our board of directors and the limitations on the ability of our stockholders to remove directors, change the authorized number of directors and fill vacancies could make it
more difficult for stockholders to change the composition of our board of directors or for a third party to acquire, or discourage a third party from seeking to acquire, control of our company. 

Stockholder Action; Special Meeting of Stockholders; Advance Notice Requirements for Stockholder Proposals and Director Nominations. Our restated
certificate of incorporation provides that all 

  
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stockholder actions are required to be taken by a vote of the stockholders at an annual or special meeting, and that stockholders may not take any action by written consent in lieu of a meeting.
Our restated certificate of incorporation and amended and restated bylaws also provide that, except as required by statute, only a majority of the members of our board of directors then in office may call special meetings of stockholders and only
those matters set forth in the notice of the special meeting may be considered or acted upon at a special meeting of stockholders. Our amended and restated bylaws limit the business that may be conducted at an annual meeting of stockholders to those
matters properly brought before the meeting. In addition, our amended and restated bylaws establish advance notice procedures for stockholder proposals relating to the nomination of candidates for election as directors or new business to be brought
before meetings of our stockholders. These procedures provide that notice of stockholder proposals must be timely given in writing to our corporate secretary prior to the meeting at which the action is to be taken. Generally, to be timely, notice
must be received at our principal executive offices not less than 90 days nor more than 120 days prior to the first anniversary date of the annual meeting for the preceding year. Our amended and restated bylaws specify the requirements as to form
and content of all stockholders’ notices. These provisions could have the effect of delaying until the next stockholder meeting stockholder actions that are favored by the holders of a majority of our outstanding voting securities. These
provisions also could discourage a third party from making a tender offer for our common stock because even if the third party acquired a majority of our outstanding voting stock, it would be able to take action as a stockholder, such as electing
new directors or approving a merger, only at a duly called stockholders meeting and not by written consent. 
 Super-majority Voting. The DGCL
provides generally that the affirmative vote of a majority of the shares entitled to vote on any matter is required to amend a corporation’s certificate of incorporation or bylaws unless a corporation’s certificate of incorporation or
bylaws, as the case may be, requires a greater percentage. Any amendment of our restated certificate of incorporation must first be approved by a majority of our board of directors, and if required by law or our restated certificate of
incorporation, must thereafter be approved by a majority of the outstanding shares entitled to vote on the amendment and a majority of the outstanding shares of each class entitled to vote thereon as a class, except that the amendment of the
provisions relating to stockholder action, board composition, and limitation of liability must be approved by not less than two-thirds of the outstanding shares entitled to vote on the amendment, and not less
than two-thirds of the outstanding shares of each class entitled to vote thereon as a class. Our amended and restated bylaws may be amended by the affirmative vote of a majority of the directors then in
office, subject to any limitations set forth in the amended and restated bylaws; and may also be amended by the affirmative vote of a majority of the outstanding shares entitled to vote on the amendment, voting together as a single class, except
that the amendment of the provisions relating to notice of stockholder business and nominations and special meetings must be approved by not less than two-thirds of the outstanding shares entitled to vote on
the amendment, and not less than two-thirds of the outstanding shares of each class entitled to vote thereon as a class, or, if our board of directors recommends that the stockholders approve the amendment, by
the affirmative vote of the majority of the outstanding shares entitled to vote on the amendment, in each case voting together as a single class. 

Exclusive Forum Selection. Our amended and restated bylaws provide that, unless we consent in writing to the selection of an alternative forum, the
Court of Chancery of the State of Delaware shall be the sole and exclusive forum for any state law claims for (i) any derivative action or proceeding brought on our behalf, (ii) any action asserting a claim of, or a claim based on, breach
of a fiduciary duty owed by any of our current or former directors, officers, and employees to us or our stockholders, (iii) any action asserting a claim arising pursuant to any provision of the DGCL, our restated certificate of incorporation
or our amended and restated bylaws (including the interpretation, application, validity or enforceability thereof), or (iv) any action asserting a claim that is governed by the internal affairs doctrine; provided, however, that the this
provision shall not apply to any causes of action arising under the Securities Act of 

  
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1933, as amended (the Securities Act), or the Exchange Act. In addition, our amended and restated bylaws provide that, unless we consent in writing to the selection of an alternative forum, the
federal district courts of the United States shall be the sole and exclusive forum for resolving any complaint asserting a cause of action arising under the Securities Act. These choice of forum provisions will not apply to suits brought to enforce
a duty or liability created by the Exchange Act. Furthermore, Section 22 of the Securities Act creates concurrent jurisdiction for federal and state courts over all such Securities Act actions. Accordingly, both state and federal courts have
jurisdiction to entertain such claims. While the Delaware courts have determined that such choice of forum provisions are facially valid, a stockholder may nevertheless seek to bring a claim in a venue other than those designated in the exclusive
forum provisions. In such instance, we would expect to vigorously assert the validity and enforceability of the exclusive forum provisions of our restated certificate of incorporation. This may require significant additional costs associated with
resolving such action in other jurisdictions and there can be no assurance that the provisions will be enforced by a court in those other jurisdictions. 

  
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