Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 67

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 67
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 at the Deep Roots Closing), Deep Roots has given irrevocable written notice to the Company that all of the conditions to the Deep Roots’ obligations to effect the Deep Roots Closing have been satisfied or waived, that Deep Roots is ready, willing, and able to consummate the Deep Roots Closing, and the Company fails to consummate the Deep Roots Transactions on or prior to the second business day on which the Deep Roots Closing would otherwise have occurred (the “Deep Roots Target Termination Fee Condition”); or |

| ○ | Deep Roots is not then in material breach of any provision of the Deep Roots Merger Agreement, and there has been a breach, inaccuracy in or failure to perform any representation, warranty, covenant or agreement made by the Company or Deep Roots Merger Sub pursuant to the Deep Roots Merger Agreement that would give rise to the failure of certain of the conditions to Deep Roots’ obligations to effect the Deep Roots Closing, and, to the extent curable, such breach, inaccuracy or failure has not been cured by the Company or Deep Roots Merger Sub within 30 days of the Company’s or Deep Roots Merger Sub’s receipt of written notice of such breach from Deep Roots. |

Termination Fees Upon termination of the Deep Roots Merger Agreement in the following circumstances, the Company, on the one hand, and Deep Roots, on the other hand will be required to pay the other party a termination fee of $6,376,240 (the “Deep Roots Termination Fee”). The Company will pay to Deep Roots the Deep Roots Termination Fee as Deep Roots’ sole and exclusive remedy if Deep Roots terminates the Deep Roots Merger Agreement because all of the conditions to the Company’s

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obligations to effect the Deep Roots Closing have been satisfied (other than conditions to be satisfied at the Deep Roots Closing), Deep Roots has given irrevocable written notice to the Company that all of the conditions to Deep Roots’ obligations to effect the Deep Roots Closing have been satisfied or waived, that Deep Roots is ready, willing, and able to consummate the Deep Roots Closing, and the Company fails to consummate the Deep Roots Transactions on or prior to the second business day on which the Deep Roots Closing would otherwise have occurred; provided that, if the Company violates certain confidentiality obligations, or if the Company otherwise commits Fraud (as defined in the Deep Roots Merger Agreement) or intentional misconduct, then, in addition to the Deep Roots Termination Fee to which Deep Roots is otherwise