Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 9

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 9
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 held by Deep Roots and its subsidiaries in respect of certain tax obligations)plus(ii) the net cash flow from operating activities, on an after tax basis, of Deep Roots and its subsidiaries from January 1, 2025 through the Deep Roots Closing Date (the “Deep Roots Minimum Cash Amount”); and |

| • | the required approval of the Deep Roots Merger Agreement by the CSE having been received. |

For a fulsome list of the conditions to the closing of the Deep Roots Merger, see “Description of the Merger Agreements — Deep Roots Merger — Conditions to the Closing of the Deep Roots Merger.” Indemnification Under certain circumstances specified in the Deep Roots Merger Agreement, the Company, on the one hand, and the Deep Roots stockholders, on the other hand, have agreed to indemnify each other for certain losses. For additional information regarding these indemnification obligations, see “Description of the Merger Agreements — Deep Roots Merger — Indemnification.” Termination of the Deep Roots Merger Agreement The Deep Roots Merger Agreement may be terminated at any time prior to the Deep Roots Closing under certain circumstances, including (i) by mutual written consent of the Company and Deep Roots, (ii) subject to certain exceptions, upon any law or governmental order restraining or making the transactions contemplated by the Deep Roots Merger Agreement illegal, (iii) following a breach of, inaccuracy in, or failure to perform any representation, warranty, covenant or agreement of the applicable party to the Deep Roots Merger Agreement that would cause the closing conditions not to be satisfied and that has not been waived or cured within a certain period of time, and (iv) if the Deep Roots Transactions have not been consummated on or before February 28, 2026. In addition, the Company or Deep Roots may terminate the Deep Roots Merger Agreement in certain circumstances if the other party does not proceed to consummate the Deep Roots Transactions in a timely fashion when the conditions of each party to closing the Deep Roots Merger are satisfied or waived. For a fulsome list of the termination events set forth in the Deep Roots Merger Agreement, see “Description of the Merger Agreements — Deep Roots Merger — Termination of the Deep Roots Merger.” Termination Fees Upon termination of the Deep Roots Merger Agreement under specified circumstances, the Company, on the one hand, or Deep Roots, on the other hand, will be required to pay the other party a termination fee of $6,