Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 22

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 22
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 of the Proper Mergers not being made illegal or otherwise restrained or prohibited by any law, order, or action of any governmental authority of competent jurisdiction; |

| • | certain regulatory consents in Missouri having been obtained; |

| • | the accuracy of the representations and warranties of the Company, Proper Merger Sub 1, Proper Merger Sub 2, and Proper in the Proper Merger Agreement; |

| • | Proper, the Proper Companies, the Company, Proper Merger Sub 1, and Proper Merger Sub 2 having performed in all material respects their obligations under the Proper Merger Agreement on or prior to the Proper Closing Date; |

| • | since the date of the Proper Merger Agreement, there not having occurred any material adverse effect with respect to Proper or the Proper Companies, on the one hand, or the Company, on the other hand; |

| • | the Proper Companies and their subsidiaries having cash in an amount not less than (i) $3,000,000 (exclusive of any cash reserves required to be held by the Proper Companies and their subsidiaries in respect of certain tax obligations)plus(ii) the net cash flow from operating activities, on an after tax basis, of Proper and certain of its subsidiaries from January 1, 2025 through the Proper Closing Date (the “Proper Minimum Cash Amount”); and |

| • | the required approval of the Proper Merger Agreement by the CSE having been received. |

Indemnification Under certain circumstances specified in the Proper Merger Agreement, the Company, on the one hand, and Proper and the Proper equityholders and other persons who are subsequent recipients of Subordinate Voting Shares from Proper pursuant to the Proper Merger Agreement, on the other hand, have agreed to indemnify each other for certain losses. For additional information regarding these indemnification obligations, see “Description of the Merge Agreements — Proper Mergers — Indemnification.” Termination of the Proper Merger Agreement The Proper Merger Agreement may be terminated at any time prior to the Proper Closing under certain circumstances, including (i) by mutual written consent of the Company and Proper, (ii) subject to certain exceptions, upon any law or governmental order restraining or making the transactions contemplated by the Proper Merger Agreement illegal,

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(iii) following a breach of, inaccuracy in, or failure to perform any representation, warranty, covenant or agreement of the applicable party to the Proper Merger Agreement that would cause the closing