Company: VREOF
Filing Date: 2025-03-21
Form Type: DEFM14C
Source: 0001140361-25-009815
Chunk: 129

Company: Vireo Growth Inc.
Filing Date: 2025-03-21
Form: DEFM14C
Chunk 129
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emnified Party against all losses, claims, damages, liabilities, fees, expenses, judgments and fines arising in whole or in part out of actions or omissions in their capacity as Proper Indemnified Parties at or prior to the Proper Effective Time, and shall reimburse each Proper Indemnified Party for any legal or other expenses reasonably incurred by such Proper Indemnified Party in connection with investigating or defending any such losses, claims, damages, liabilities, fees, expenses, judgments and fines related to or arising under any such claim as such expenses are incurred, subject to the Proper Surviving Corporations’ receipt of an undertaking by such Proper Indemnified Party to repay such legal and other fees and expenses paid in advance if it is ultimately determined in a final and non-appealable judgment of a court of competent jurisdiction that such Proper Indemnified Party is not entitled to be indemnified under applicable law; provided, however, that the Proper Surviving Corporations will not be liable for any settlement effected without the Proper Surviving Corporations’ prior written consent. Certain Investments The parties agreed that, in the event that regulatory approvals in Missouri are obtained with respect to a certain acquisition by NGH prior to the Proper Closing, the Company will make funds available to Proper or NGH to allow NGH to complete such acquisition, and any indebtedness related to such funding would be assumed by the Proper Merger Sub 2 Surviving Corporation, or in the event that the Proper Closing does not occur, such indebtedness would be repaid to the Company. Proper Restructuring Proper and its subsidiaries are required to effect certain restructuring transactions prior to the Proper Closing, including to cause all of the nonregulated assets of Proper and its subsidiaries to be held by Proper MSA Newco as of the Proper Closing (the “Proper Restructuring”).

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Other Covenants and Agreements The Proper Merger Agreement contains other covenants and agreements, including those relating to this Information Statement, obtaining certain governmental approvals, notices by Proper to the Company of certain events prior to the Proper Closing, public announcements of the Proper Transactions, the resignation of the directors and certain officers of Proper, and anti-takeover laws. Conditions to the Closing of the Proper Mergers The obligations of the Company, Proper Merger Sub 1, Proper Merger Sub 2, and Proper and the Proper Companies, as applicable, to consummate the Proper Mergers are subject to the satisfaction or waiver of