Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 127

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 127
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 of its subsidiaries, (ii) furnish the Company and its representatives with such financial, operating and other data and information related to the Proper Companies and their subsidiaries and Proper and certain of its subsidiaries as the

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Company or any of its representatives may reasonably request, and (iii) instruct the representatives of the Proper Companies and their subsidiaries and Proper and certain of its subsidiaries to cooperate with the Company in its investigation of Proper and its subsidiaries, including by conducting non-intrusive environmental due diligence on the Proper Companies and their subsidiaries and Proper and certain of its subsidiaries and their respective real property (subject to customary exceptions). Acquisition Proposals Under the Proper Merger Agreement, from and after the date of the Proper Merger Agreement until the earlier of the Proper Closing or the termination of the Proper Merger Agreement pursuant to its terms, Proper and the Proper Companies agreed not to, and not to permit any of their respective affiliates or its or their representatives to, among other things:

| • | encourage, solicit, initiate, facilitate or continue inquiries regarding an Acquisition Proposal; |

| • | enter into discussions or negotiations with, or provide any information to, any person concerning a possible Acquisition Proposal; or |

| • | enter into any agreements or other instruments (whether or not binding) regarding an Acquisition Proposal. |

An “Acquisition Proposal” means any inquiry, proposal or offer from any person (other than the Company or any of its affiliates) concerning (i) a merger, consolidation, liquidation, recapitalization, share exchange or other business combination transaction involving the Proper Companies and their subsidiaries and Proper and certain of its subsidiaries; (ii) the issuance or acquisition of shares of capital stock or other equity securities of the Proper Companies and their subsidiaries and Proper and certain of its subsidiaries; or (iii) the sale, lease, exchange or other disposition of any significant portion of the Proper Companies’ and their subsidiaries’ and Proper’s and certain of its subsidiaries’ properties or assets. Director & Officer Indemnification The Company, Proper Merger Sub 1, and Proper Merger Sub 2 agreed that all rights to indemnification, advancement of expenses and exculpation by the Proper Companies existing at the date of signing of the Proper Merger Agreement in favor or directors or officers of the Proper Companies serving prior to the Proper Effective Time (the “Proper Indemnified Parties”) and as provided in the organizational documents of the Proper Companies, shall be assumed by the Proper Surviving Corporations. Further, from the