Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 103

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 103
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ome will pay to the Company the Wholesome Termination Fee as the Company’s sole and exclusive remedy if the Company terminates the Wholesome Merger Agreement because all of the conditions to Wholesome’s obligations to effect the Wholesome Closing have been satisfied (other than conditions to be satisfied at the Wholesome Closing), the Company has given irrevocable written notice to Wholesome that all of the conditions to the Company’s obligations to effect the Wholesome Closing have been satisfied or waived, that the Company is ready, willing, and able to consummate the Wholesome Closing, and Wholesome fails to consummate the Wholesome Transactions on or prior to the second business day on which the Wholesome Closing would otherwise have occurred; provided that, if Wholesome violates certain confidentiality obligations or its obligations with respect to Acquisition Proposals described above, or if Wholesome or its stockholders otherwise commit Fraud or intentional misconduct, then, in addition to the Wholesome 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 Wholesome Merger Agreement for any reason other than as described in the preceding sentence, and prior to such termination, Wholesome shall have violated its obligations with respect to Acquisition Proposals described above, and within 15 months of termination, Wholesome enters into an agreement with respect to or consummates an Acquisition Proposal with a third party, then Wholesome will owe the Company the Wholesome Termination Fee upon the earlier of the entry into such agreement or the consummation of such transaction, and such Wholesome Termination Fee shall not be the Company’s exclusive remedy with respect to such termination. Under the terms of the Wholesome Merger Agreement, in certain additional circumstances, Wholesome could have been required to pay to the Company the Wholesome Termination Fee. However, following receipt and by virtue of delivery of the Wholesome Written Consent on December 19, 2024, the provisions of the Wholesome Merger Agreement providing for the payment of the Wholesome Termination Fee in these circumstances are no longer applicable. Stockholder Representative By approving the Wholesome Merger Agreement or by executing a Letter of Transmittal and/or the Wholesome Written Consent or otherwise by receiving the benefits under the Wholesome Merger Agreement, the Wholesome stockholders are deemed to have irrevocably authorized