Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 64

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 64
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 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 Deep Roots and its subsidiaries to the extent not paid or satisfied by Deep Roots at or prior to the Deep Roots Closing, or if paid by the Company or Deep Roots Merger Sub at or prior to the Deep Roots Closing, to the extent not deducted in the determination of Deep Roots Closing Merger Consideration. The Deep

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Roots 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 Deep Roots Merger Agreement, pre-closing taxes of Deep Roots and its subsidiaries, and certain other tax matters. In addition, if the Deep Roots Closing occurs, the Company will defend and indemnify the Deep Roots 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 Deep Roots Merger Sub set forth in the Deep Roots Merger Agreement or in certificate or instrument delivered by or on behalf of the Company or Deep Roots Merger Sub, and (ii) any breach, violation or nonfulfillment of any covenant, agreement, or obligation to be performed by the Company or Deep Roots Merger Sub pursuant to the Deep Roots 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 $637,624 deductible, after which the indemnifying parties shall be required to pay or be liable for all losses in excess of such deductible, and a $12,752,480 indemnification cap, except in the case of fraud or the breach of or inaccuracy in the Deep Roots Fundamental Representations. Additionally, the aggregate amount of losses for which the Company or the Deep Roots stockholders will be liable (as applicable) in respect of any breach of the Deep Roots Fundamental Representations shall not exceed 100% of the Deep Roots Actual Closing