Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 124

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 124
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ger Agreement and the documents and agreements contemplated by the Proper Merger Agreement, (c) brokers’ and finders’ fees and other expenses payable by the Company, Proper Merger Sub 1 or Proper Merger Sub 2, (d) the capitalization of the Company and certain matters with respect to the Subordinate Voting Shares, and (e) certain U.S. tax matters ((i) and (ii) above, the “Proper Fundamental Representations”), survive the Proper Closing until the expiration of the applicable statute of limitations plus 60 days, subject to certain exceptions with respect to U.S. tax matters.

**Updates of the Company to Proper Disclosure Schedules and Proper Disclosure Schedules**

Section 5.17(a) of the Proper Merger Agreement allows Proper and the Proper Companies to supplement and/or amend the Proper Disclosure Schedules without the consent or approval of the Company, Proper Merger Sub 1, or Proper Merger Sub 2, and thereby supplement or provide exceptions to the representations and warranties made by Proper, from the date of signing of the Proper Merger Agreement until the Proper Closing Date. Such updates are limited to (i) with respect to matters first arising or of which Proper or the Proper Companies first obtain knowledge after the date of signing of the Proper Merger Agreement, the disclosure of the facts, circumstances, and events included in such updates relate to a fact, circumstance or event having (or which could reasonably have) an adverse effect on the Proper Companies and their subsidiaries and Proper and certain of its subsidiaries, or their business or operations, in an aggregate amount not in excess of $500,000 for all such updates, and (ii) with respect to matters which were not included in the Proper Disclosure Schedules as of the date of signing of the Proper Merger Agreement, but were matters in the ordinary course of business, in an aggregate amount for all such updates not in excess of $150,000 for all such updates.

Section 5.17(b) of the Proper Merger Agreement allows the Company, Proper Merger Sub 1, and Proper Merger Sub 2 to supplement and/or amend the Company to Proper Disclosure Schedules without the consent or approval of Proper, and thereby supplement or provide exceptions to the representations and warranties made by the Company, Proper Merger Sub 1 and Proper Merger Sub 2, from the date of signing of the Proper Merger Agreement until the Proper Closing Date. Such updates are limited to (i) with respect to matters first arising or of which