Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 136

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 136
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 been satisfied (other than conditions to be satisfied at the Proper Closing), the Company has given irrevocable written notice to Proper that all of the conditions to the Company’s obligations to effect the Proper Closing have been satisfied or waived, that the Company is ready, willing, and able to consummate the Proper Closing, and Proper fails to consummate the Proper Transactions on or prior to the second business day on which the Proper Closing would otherwise have occurred; provided that, if Proper violates certain confidentiality obligations or its obligations with respect to Acquisition Proposals described above, or if Proper or the Proper Share Recipients otherwise commit Fraud or intentional misconduct, then, in addition to the Proper Termination Fee to which the Company is otherwise entitled, the Company may also pursue all other available legal rights and remedies. In addition, if the Company terminates the Proper Merger Agreement for any reason other than as described in the preceding sentence, and prior to such termination, Proper or the Proper Companies shall have violated its obligations with respect to Acquisition Proposals described above, and within 15 months of termination, Proper or either of the Proper Companies enters into an agreement with respect to or consummates an Acquisition Proposal with a third party, then Proper will owe the Company the Proper Termination Fee upon the earlier of the entry into such agreement or the consummation of such transaction, and such Proper Termination Fee shall not be the Company’s exclusive remedy with respect to such termination.

#### Member Representative
By executing a joinder to the Proper Merger Agreement, a Lock-Up Letter, and an Investor Rights Agreement, or otherwise by receiving the benefits under the Proper Merger Agreement, the Proper Share Recipients are deemed to have irrevocably authorized and appointed the Member Representative as of the Proper Closing as such person’s agent, proxy, representative and attorney-in-fact to act on behalf of such person and their successors and assigns for all purposes in connection with the Proper Merger Agreement and any related agreements, including to take any and all actions and make any decisions required or permitted to be taken by the Member Representative, in its sole judgment and as it may deem to be in the best interests of the Proper Share Recipients, pursuant to the Proper Merger Agreement.

#### Amendment and Waiver
The Proper Merger Agreement may be amended, modified or supplemented by an agreement in writing signed by the Company, Proper Merger Sub 1, Proper Merger Sub 2 and Proper (and by the Member Representative, only the extent such amendment affects any duties, obligations, liability, or