Company: VREOF
Filing Date: 2025-12-09
Form Type: S-3
Source: 0001104659-25-119699
Chunk: 50

Company: Vireo Growth Inc.
Filing Date: 2025-12-09
Form: S-3
Chunk 50
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 may indemnify a director or officer of the Company, a former director or officer of the Company or another individual
who acts or acted as a director or officer of an affiliate of the Company, or at the Company’s request as a director or officer,
or an individual acting in a similar capacity, of another corporation or other legal entity (each of the foregoing, an “individual”),
against all judgments, penalties or fines awarded or imposed in, or amounts paid in settlement of, any legal proceeding or investigative
action, whether current, threatened, pending or completed, in which such individual or any of his or her heirs and personal or other legal
representatives is or may be joined as a party, or is or may liable for in respect of a judgment, penalty or fine in, or expenses related
to such legal proceeding or investigative action because of serving in such capacity, on the condition that (i) such individual acted
honestly and in good faith with a view to the best interests of the Company or such other corporation or legal entity; and (ii) in
the case of such a proceeding or investigative action other than a civil proceeding, the individual had reasonable grounds for believing
that his or her conduct was lawful.

The Company may also indemnify a person described
above in respect of all costs, charges and expenses, including legal and other fees, actually and reasonably incurred by such person in
respect of such a legal proceeding or investigative action, providing such person complies with (i) and (ii) above. The Company
may provide indemnification in respect of such costs, charges and expenses after the final disposition of such legal proceeding or investigative
action, and may pay such costs, charges and expenses as they are incurred in advance of such final disposition, provided it obtains a
written undertaking that such person will repay the amounts advanced if it is ultimately determined that the individual did not comply
with (i) and (ii) above. Under the Business Corporations Act (British Columbia), an individual described above is
entitled to indemnification from the Company in respect of such costs, charges and expenses after the final disposition of such legal
proceeding or investigative action as a matter of right if the individual has not been reimbursed for such costs, charges and expenses
and is wholly successful in the outcome of such legal proceeding or investigative action, or is substantially successful on the merits
thereof, providing such individual complies with (i) and (ii) above. On application of the Company or an