Company: VREOF
Filing Date: 2025-03-21
Form Type: DEFM14C
Source: 0001140361-25-009815
Chunk: 103

Company: Vireo Growth Inc.
Filing Date: 2025-03-21
Form: DEFM14C
Chunk 103
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 Wholesome Merger Agreement, Wholesome has not delivered to the Company a copy of a written consent evidencing receipt of the Wholesome Requisite Company Vote. |

| • | by Wholesome if: |

| ○ | all of the conditions to the Company’s obligations to effect the Wholesome Closing have been satisfied (other than conditions to be satisfied at the Wholesome Closing), Wholesome has given irrevocable written notice to the Company that all of the conditions to Wholesome’s obligations to effect the Wholesome Closing have been satisfied or waived, that Wholesome is ready, willing, and able to consummate the Wholesome Closing, and the Company fails to consummate the Wholesome Transactions on or prior to the second business day on which the Wholesome Closing would otherwise have occurred (the “Wholesome Target Termination Fee Condition”); or |

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

Termination Fees Upon termination of the Wholesome Merger Agreement in the following circumstances, the Company, on the one hand, or Wholesome, on the other hand will be required to pay the other party a termination fee of $3,394,217 (the “Wholesome Termination Fee”). The Company will pay to Wholesome the Wholesome Termination Fee as Wholesome’s sole and exclusive remedy if Wholesome terminates the Wholesome Merger Agreement because all of the conditions to the Company’s obligations to effect the Wholesome Closing have been satisfied (other than conditions to be satisfied at the Wholesome Closing), Wholesome has given irrevocable written notice to the Company that all of the conditions to Wholesome’s obligations to effect the Wholesome Closing have been