Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 97

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 97
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 Wholesome having terminated its equity incentive plan; and |

| • | certain third-party consents having been obtained. |

The obligations of Wholesome to consummate the Wholesome Merger are subject to the satisfaction or waiver of certain additional conditions, including the following:

| • | the accuracy of certain representations and warranties of the Company and Wholesome Merger Sub in the Wholesome Merger Agreement to be true and correct in all respects, subject to materiality qualifiers (or, with respect to such representations and warranties that are not subject to materiality qualifiers, in all material respects), or, in the case of the Company’s and Wholesome Merger Sub’s organization and authority, capitalization and broker fee representations and warranties, other than for anyde minimisinaccuracies, as of the date of the Wholesome Merger Agreement and as of the Wholesome Closing Date, or, as applicable, the date in respect of which such representation or warranty was specifically made; |

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

| • | since the date of the Wholesome Merger Agreement, there not having occurred any material adverse effect with respect to the Company, as further described in the Wholesome Merger Agreement; |

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

| • | certain third-party consents having been obtained; and |

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

Under the terms of the Wholesome Merger Agreement, the parties’ mutual obligations to consummate the Wholesome Merger are also subject to certain additional conditions with respect to certain filings to be made in compliance with the HSR Act. However, following the execution and delivery of the Wholesome Merger Agreement, the parties determined that such filings are not applicable to the Wholesome Transactions. The Wholesome Merger Agreement also provides for a condition to Wholesome’s obligations to consummate the Wholesome 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