Company: VREOF
Filing Date: 2025-03-21
Form Type: DEFM14C
Source: 0001140361-25-009815
Chunk: 64

Company: Vireo Growth Inc.
Filing Date: 2025-03-21
Form: DEFM14C
Chunk 64
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, in each case as further described in the Deep Roots Merger Agreement; |

| • | the Company and Deep Roots Merger Sub have delivered to Deep Roots the closing deliverables required by the Deep Roots Merger Agreement; and |

| • | the Company continuing to be treated as a domestic corporation for U.S. federal income tax purposes. |

Under the terms of the Deep Roots Merger Agreement, the parties’ mutual obligations to consummate the Deep Roots Merger are also subject to certain additional conditions with respect to certain filings to be made in compliance with the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”). However, following the execution and delivery of the Deep Roots Merger Agreement, the parties determined that such filings are not applicable to the Deep Roots Transactions. The Deep Roots Merger Agreement also provides for a condition to Deep Roots’ obligations to consummate the Deep Roots Merger that John Mazarakis shall have been appointed by the Board as the Chief Executive Officer and Co-Executive Chairman of the Company, which action was taken by the Board on December 17, 2024. Indemnification If the Deep Roots Closing occurs, the Deep Roots stockholders will, severally and not jointly, defend and indemnify the Company and its affiliates and their respective representatives, and will hold each such indemnified party harmless against, any and all losses incurred by such indemnified party resulting from, relating to or constituting (i) any inaccuracy in or breach of any representation or warranty of Deep Roots set forth in the Deep Roots Merger Agreement or in certificate or instrument delivered by or on behalf of Deep Roots, the Stockholder Representative, or any stockholder of Deep Roots, (ii) any breach, violation or nonfulfillment of any covenant, agreement, or obligation to be performed by Deep Roots or its subsidiaries, the Stockholder Representative, or any stockholder of Deep Roots pursuant to the Deep Roots Merger Agreement, (iii) any claim by any stockholder of Deep Roots relating to such person’s rights with respect to the Deep Roots Total Merger Consideration or the calculations and determinations set forth on the consideration spreadsheet prepared by Deep Roots, (iv) any claims of a Deep Roots stockholder under that certain Stockholder Agreement dated March 28, 2023 by and among the Deep Roots stockholders or any claims of any Deep Roots stockholder under the governing documents of Deep Roots that the appointment of the Stockholder Representative, or any indemn