Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 126

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 126
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 cooperatively in connection with obtaining all required approvals or consents of any governmental authority (whether domestic, foreign or supranational). Conduct of Business by Proper Prior to Consummation of the Proper Mergers Proper and the Proper Companies agreed that except as expressly contemplated or permitted by the Proper Merger Agreement, or with the prior written consent of the Company (not to be unreasonably withheld, conditioned or delayed), at all times during the period from the date of signing of the Proper Merger Agreement until the Proper Closing or the valid termination of the Proper Merger Agreement, Proper and the Proper Companies will (x) conduct the business of Proper and its subsidiaries in the ordinary course of business; and (y) use commercially reasonable efforts to maintain and preserve intact the current organization, business and franchise of Proper and its subsidiaries and to preserve the rights, franchises, goodwill and relationships of their employees, customers, lenders, suppliers, regulators and others having business relationships with Proper and its subsidiaries. Additionally, the date of signing of the Proper Merger Agreement until the Proper Closing or the valid termination of the Proper Merger Agreement, Proper and the Proper Companies will:

| • | preserve and maintain all permits; |

| • | pay debts, taxes and other obligations when due, except as may be contested by the Proper Companies in good faith; |

| • | maintain the properties and assets owned, operated or used in the same condition as they were on the date of the Proper Merger Agreement, subject to reasonable wear and tear; |

| • | continue in full force and effect without modification all insurance policies, except as required by applicable law; |

| • | defend and protect their properties and assets from infringement or usurpation; |

| • | perform all of their obligations, in all material respects, under all contracts relating to or affecting its properties, assets or business, except such obligations as may be contested in good faith by Proper or its subsidiaries; |

| • | maintain its books and records in accordance with past practice; |

| • | comply in all material respects with all applicable laws; and |

Access to Information From the date of the signing of the Proper Merger Agreement until the Proper Closing or the valid termination of the Proper Merger Agreement, Proper and the Proper Companies agreed to (i) afford the Company and its representatives full and free access and the right to inspect all of the real property, properties, assets, premises, books and records, contracts and other documents and data related to the Proper Companies and their subsidiaries and Proper and certain