Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 135

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 135
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 to effect the Proper Closing have been satisfied or waived, that Proper is ready, willing, and able to consummate the Proper Closing, and the Company fails to consummate the Proper Transactions on or prior to the second business day on which the Proper Closing would otherwise have occurred; or |

| ○ | each of Proper and the Proper Companies is not then in material breach of any provision of the Proper Merger Agreement, and there has been a breach, inaccuracy in or failure to perform any representation, warranty, covenant or agreement made by the Company, Proper Merger Sub 1 or Proper Merger Sub 2 pursuant to the Proper Merger Agreement that would give rise to the failure of certain of the conditions to Proper’s obligations to effect the Proper Closing, and, to the extent curable, such breach, inaccuracy or failure has not been cured by the Company, Proper Merger Sub 1, or Proper Merger Sub 2 within 30 days of such party’s receipt of written notice of such breach from Proper. |

Termination Fees Upon termination of the Proper Merger Agreement in the following circumstances, the Company, on the one hand, or Proper, on the other hand will be required to pay the other party a termination fee of $4,631,012 (the “Proper Termination Fee”). The Company will pay to Proper the Proper Termination Fee as Proper’s sole and exclusive remedy if Proper terminates the Proper Merger Agreement because all of the conditions to the Company’s obligations to effect the Proper Closing have been satisfied (other than conditions to be satisfied at the Proper Closing), Proper has given irrevocable written notice to the Company that all of the conditions to Proper’s obligations to effect the Proper Closing have been satisfied or waived, that Proper is ready, willing, and able to consummate the Proper Closing, and the Company fails to consummate the Proper Transactions on or prior to the second business day on which the Proper Closing would otherwise have occurred; provided that, if the Company violates certain confidentiality obligations,

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or if the Company otherwise commits Fraud (as defined in the Proper Merger Agreement) or intentional misconduct, then, in addition to the Proper Termination Fee to which Proper is otherwise entitled, Proper may also pursue all other available legal rights and remedies.

Proper will pay to the Company the Proper Termination Fee as the Company’s sole and exclusive remedy if the Company terminates the Proper Merger Agreement because all of the conditions to Proper’s obligations to effect the Proper Closing have