Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 94

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 94
---
 Wholesome Surviving Corporation’s prior written consent.

Prior to the Closing, Wholesome will obtain and fully pay for a “tail policy” with a claims period of at least six years from the Wholesome Effective Time. with at least the same coverage and amount and containing terms and conditions that are not less advantageous to the directors and officers of Wholesome as Wholesome’s existing policies with respect to claims arising out of or relating to events which occurred before or at the Wholesome Effective Time. To the extent that Wholesome does not fully pay for such policy, the costs and expenses related to such policy will be included as Wholesome Transaction Expenses.

**Termination of the Wholesome Equity Incentive Plan and Wholesome Options**

On or prior to the Wholesome Closing, Wholesome is required to terminate (i) its 2020 Equity Incentive Plan dated July 15, 2020, and (ii) each option or similar award to or grant to purchase Wholesome’s capital stock (including Wholesome Common Stock) awarded and outstanding as of the Wholesome Closing Date, including under the WholesomeCo, Inc. 2020 Equity Incentive Plan (the “Wholesome Options”). Wholesome shall issue to each holder of Wholesome Options the number of shares of Wholesome Common Stock subject to each Wholesome Option, net of option exercise price and any applicable required tax withholding. Each former holder of Wholesome Options who receives Wholesome Common Stock in exchange for the termination of a Wholesome Option will become a Wholesome stockholder and participate in the Wholesome Transactions along with all other Wholesome stockholders.

#### Arches Covenants
From the date of signing of the Wholesome Merger Agreement through the Wholesome Closing, Wholesome is required to (i) hold the Wholesome Arches Shares and not permit or suffer any encumbrance upon such Wholesome Arches Shares, (ii) not permit Arches to (a) make any dividends or distributions to Arches’ stockholders, (b) use or expend cash other than in the ordinary course of business, and (c) incur any indebtedness for borrowed money other than certain specified funding from Wholesome, the Company or their respective affiliates (or from third parties to the extent approved by the Company). In the event that the Wholesome Closing does not occur for any reason