Company: VREOF
Filing Date: 2025-03-21
Form Type: DEFM14C
Source: 0001140361-25-009815
Chunk: 100

Company: Vireo Growth Inc.
Filing Date: 2025-03-21
Form: DEFM14C
Chunk 100
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 what such holders would have received hereunder had such holders not been holders of dissenting shares, plus any reasonable expenses incurred by the Company indemnified parties arising out of the exercise of such appraisal or dissenters’ rights, (vi) any amounts paid or required to be paid by the Company in respect of amounts described under the section above entitled “Director & Officer Indemnification and Insurance,” and (vii) certain unpaid transaction expenses or indebtedness of Wholesome and its subsidiaries to the extent not paid or satisfied by Wholesome at or prior to the Wholesome Closing, or if paid by the Company or Wholesome Merger Sub at or prior to the Wholesome Closing, to the extent not deducted in the determination of Wholesome Closing Merger Consideration. The Wholesome stockholders will also indemnify the Company and its affiliates and their respective representatives for certain tax matters, including for taxes required to be withheld pursuant to the issuance of Subordinate Voting Shares pursuant to the Wholesome Merger Agreement, pre-closing taxes of Wholesome and its subsidiaries, and certain other tax matters.

In addition, if the Wholesome Closing occurs, the Company will defend and indemnify the Wholesome stockholders, their affiliates, and their respective representatives, and will hold each such indemnified party harmless against, any and all losses incurred by such indemnified party resulting from, relating to or constituting (i) any inaccuracy in or breach of any representation or warranty of the Company or Wholesome Merger Sub set forth in the Wholesome Merger Agreement or in certificate or instrument delivered by or on behalf of the Company or Wholesome Merger Sub, and (ii) any breach, violation or nonfulfillment of any covenant, agreement, or obligation to be performed by the Company or Wholesome Merger Sub pursuant to the Wholesome Merger Agreement.

The parties’ indemnification obligations with respect to losses arising from inaccuracies in or breaches of any of their respective representations or warranties are subject to a $339,422 deductible, after which the indemnifying parties shall be required to pay or be liable for all losses in excess of such deductible, and a $6,788,433 indemnification cap, except in the case of fraud or the breach of or inaccuracy in the Wholesome Fundamental Representations. Additionally, the aggregate amount of losses for which the Company or the Wholesome stockholders will be liable (as applicable) in respect of any breach of