Company: VREOF
Filing Date: 2025-12-09
Form Type: S-3
Source: 0001104659-25-119699
Chunk: 51

Company: Vireo Growth Inc.
Filing Date: 2025-12-09
Form: S-3
Chunk 51
---
 individual described
above, the Supreme Court of British Columbia may order the Company to indemnify a person described above in respect of any liability incurred
by such person in respect of such a legal proceeding or investigative action, and to pay some or all of the expenses incurred by such
individual in respect of such legal proceeding or investigative action.

The Articles of the Company provide that, subject
to the limitations contained in the Business Corporations Act (British Columbia), the Company must indemnify a person
named above in accordance with the foregoing for where such person is or may be liable by reason of such person being or having been a
director, officer or holding or having held a position equivalent thereto.

The Company maintains directors’ and officers’
liability insurance which insures directors and officers for losses as a result of claims against the directors and officers of the Company
in their capacity as directors and officers.

The Company has entered, and may from time to
time enter, into indemnification agreements for the benefit of its directors and officers providing for their indemnification as permitted
under the Business Corporations Act (British Columbia) and the Articles.

<div align='center'>II-1</div>

Insofar as the indemnification for liabilities
arising under the Securities Act may be permitted to directors, officers or persons controlling the Company pursuant to the foregoing
provisions, the Company has been informed that in the opinion of the Commission, such indemnification is against public policy as expressed
in the Securities Act and is therefore unenforceable.

Item 16. Exhibits.

See the attached Exhibit Index, which is
incorporated herein by reference.

Item 17. Undertakings.

The undersigned registrant hereby undertakes:

| (1) | To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement: |

| (i)  | To include any prospectus required by Section 10(a)(3) of the Securities Act;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| (ii) | To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the