Company: VREOF
Filing Date: 2025-03-21
Form Type: DEFM14C
Source: 0001140361-25-009815
Chunk: 51

Company: Vireo Growth Inc.
Filing Date: 2025-03-21
Form: DEFM14C
Chunk 51
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 Shares          |     | From the date of issuance to 6 months post-issuance  |
| 20% of Earn-Out Shares          |     | From the date of issuance to 9 months post-issuance  |
| 20% of Earn-Out Shares          |     | From the date of issuance to 12 months post-issuance |
| 20% of Earn-Out Shares          |     | From the date of issuance to 15 months post-issuance |

Procedures for Receiving Merger Consideration Prior to the Deep Roots Closing, the Company will enter into an agreement with the Exchange Agent to receive the Subordinate Voting Shares to which Deep Roots stockholders will become entitled pursuant to the Deep Roots Merger Agreement. At or prior to the Deep Roots Closing, the Company will deposit (or cause to be deposited) a number of the Subordinate Voting Shares of the Company representing the Deep Roots Closing Share Payment with

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the Exchange Agent. After the Deep Roots Closing, the Company will deposit (or cause to be deposited) with the Exchange Agent any additional Subordinate Voting Shares that the Company elects to issue in order to pay any excess of the Deep Roots Actual Closing Merger Consideration. In order for each stockholder of Deep Roots to receive its pro rata portion of the Deep Roots Closing Share Payment, Deep Roots is required to deliver a Letter of Transmittal prepared by each stockholder of Deep Roots to the Exchange Agent. The Company will pay all charges and expenses, including those of the Exchange Agent, incurred by it in connection with the exchange of the Deep Roots Common Stock for the Deep Roots Closing Share Payment and other amounts contemplated by the Deep Roots Merger Agreement. Any portion of the Deep Roots Closing Share Payment (or any Subordinate Voting Shares issued pursuant to any adjustment to the determination of the Deep Roots Actual Closing Merger Consideration) made available to the Exchange Agent that remains unclaimed by the Deep Roots stockholders six months after the Deep Roots Closing Date will be returned to the Deep Roots Surviving Corporation or its designee, upon demand, and any Deep Roots stockholders that have not exchanged their Deep Roots Common Stock for their pro rata portion of the Deep Roots Closing Share Payment (or any Subordinate Voting Shares issued pursuant to any adjustment to the determination of the Deep Roots Actual Closing Merger Consideration) shall thereafter look only to the Deep Roots Surviving Corporation for payment of its pro rata portion of the Deep Roots Closing Share Payment