Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 65

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 65
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 Merger Consideration, and no individual Deep Roots stockholder will be liable for any losses exceeding the value (as if such amounts were all received as of the Deep Roots Closing) of its pro rata portion of the Deep Roots Actual Closing Merger Consideration actually received by such Deep Roots Stockholder. Subject to certain exceptions, from and after the Deep Roots Closing, the foregoing indemnification is the sole and exclusive remedy with respect to any and all claims under the Deep Roots Merger Agreement, except in the case of fraud, misrepresentation or intentional misconduct; provided that any indemnified person will also have the right to seek any equitable relief to which such person in entitled under the Deep Roots Merger Agreement or to seek any remedy on account of any party’s fraud, intentional misrepresentation or intentional misconduct. Setoff The Company has the right to set-off, withhold, and deduct from any payment of any Deep Roots Earn-Out Amount due to a Deep Roots stockholder any losses determined by a final, non-appealable adjudication to be owed by such Deep Roots stockholder as an indemnifiable loss. To the extent that a Company indemnified party suffers any losses or incurs any other amounts to which such Company indemnified party reasonably believes such party is entitled to indemnification under the Deep Roots Merger Agreement, such party will be entitled to submit a notice of such good faith claim to the Stockholder Representative, and such claims will be resolved pursuant to the indemnification claim provisions set forth in the Deep Roots Merger Agreement. In the event that any such claim is not resolved within thirty (30) days of such notice, the Company indemnified party may seek judicial determination of the claim. The Company may hold back and delay the issuance of any Deep Roots Earn-Out Shares in respect of any Deep Roots Earn-Out Amount that is the subject of such a claim pending final determination of that claim. Termination of the Deep Roots Merger Agreement The Deep Roots Merger Agreement may be terminated at any time prior to the Deep Roots Closing in the following ways:

| • | by mutual written consent of the Company and Deep Roots; |

| • | by the Company or Deep Roots if: |

| ○ | subject to certain exceptions, if any governmental authority of competent jurisdiction has enacted, issued, promulgated, enforced or entered any Governmental Order (as defined in the Deep Roots |

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Merger Agreement) or other Law (as defined in the Deep Roots Merger Agreement), in each case, which is in effect