Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 133

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 133
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 in the Proper Fundamental Representations. Additionally, the aggregate amount of losses for which the Company or the Proper Share Recipients will be liable (as applicable) in respect of any breach of the Proper Fundamental Representations shall not exceed 100% of the Proper Actual Closing Merger Consideration, and no individual Proper Share Recipient will be liable for any losses exceeding the value (as if such amounts were all received as of the Proper Closing) of its pro rata portion of the Proper Actual Closing Merger Consideration actually received by such Proper Share Recipient. Subject to certain exceptions, from and after the Proper Closing, the foregoing indemnification is the sole and exclusive remedy with respect to any and all claims under the Proper 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 Proper 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 Proper Earn-Out Amount due to a Proper Share Recipient any losses determined by a final, non-appealable adjudication to be owed by such Proper Share Recipient 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 Proper Merger Agreement, such party will be entitled to submit a notice of such good faith claim to the Member Representative, and such claims will be resolved pursuant to the indemnification claim provisions set forth in the Proper 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 Proper Earn-Out Shares in respect of any Proper Earn-Out Amount that is the subject of such a claim pending final determination of that claim. Termination of the Proper Merger Agreement The Proper Merger Agreement may be terminated at any time prior to the Proper Closing in the following ways:

| • | by mutual written consent of the Company and Proper; |

| • | by the Company or Proper 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