Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 68

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 68
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 entitled, Deep Roots may also pursue all other available legal rights and remedies.

Deep Roots will pay to the Company the Deep Roots Termination Fee as the Company’s sole and exclusive remedy if the Company terminates the Deep Roots Merger Agreement because all of the conditions to Deep Roots’ obligations to effect the Deep Roots Closing have been satisfied (other than conditions to be satisfied at the Deep Roots Closing), the Company has given irrevocable written notice to Deep Roots that all of the conditions to the Company’s obligations to effect the Deep Roots Closing have been satisfied or waived, that the Company is ready, willing, and able to consummate the Deep Roots Closing, and Deep Roots fails to consummate the Deep Roots Transactions on or prior to the second business day on which the Deep Roots Closing would otherwise have occurred; provided that, if Deep Roots violates certain confidentiality obligations or its obligations with respect to Acquisition Proposals described above, or if Deep Roots or its stockholders otherwise commit Fraud or intentional misconduct, then, in addition to the Deep Roots Termination Fee to which the Company is otherwise entitled, the Company may also pursue all other available legal rights and remedies. In addition, if the Company terminates the Deep Roots Merger Agreement for any reason other than as described in the preceding sentence, and prior to such termination, Deep Roots shall have violated its obligations with respect to Acquisition Proposals described above, and within 15 months of termination, Deep Roots enters into an agreement with respect to or consummates an Acquisition Proposal with a third party, then Deep Roots will owe the Company the Deep Roots Termination Fee upon the earlier of the entry into such agreement or the consummation of such transaction, and such Deep Roots Termination Fee shall not be the Company’s exclusive remedy with respect to such termination.

Under the terms of the Deep Roots Merger Agreement, in certain additional circumstances, Deep Roots could have been required to pay to the Company the Deep Roots Termination Fee. However, following receipt and by virtue of delivery of the Deep Roots Written Consent on December 16, 2024 the provisions of the Deep Roots Merger Agreement providing for the payment of the Deep Roots Termination Fee in these circumstances are no longer applicable.

#### Stockholder Representative
By approving the Deep Roots Merger Agreement or by executing a Letter of Transmittal and/or the Deep Roots Written Consent or otherwise by receiving the benefits under the Deep Roots Merger Agreement, the Deep Roots stockholders are deemed to have irrevocably authorized and appointed the Stockholder Representative as of the Deep Roots Closing as