Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 59

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 59
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 the Deep Roots Merger Agreement pursuant to its terms, Deep Roots has agreed not to, and not to permit any of its affiliates or its or their representatives to, among other things:

| • | encourage, solicit, initiate, facilitate or continue inquiries regarding an Acquisition Proposal; |

| • | enter into discussions or negotiations with, or provide any information to, any person concerning a possible Acquisition Proposal; or |

| • | enter into any agreements or other instruments (whether or not binding) regarding an Acquisition Proposal. |

An “Acquisition Proposal” means any inquiry, proposal or offer from any person (other than the Company or any of its affiliates) concerning (i) a merger, consolidation, liquidation, recapitalization, share exchange or other business combination transaction involving Deep Roots or any of its subsidiaries; (ii) the issuance or acquisition of shares of capital stock or other equity securities of any Deep Roots or any of its subsidiaries; or (iii) the sale, lease, exchange or other disposition of any significant portion of Deep Roots or any of its subsidiaries’ properties or assets. Written Consent On December 16, 2024, Deep Roots delivered a written consent (the “Deep Roots Written Consent”) constituting the Deep Roots Requisite Company Vote and subsequently delivered a stockholder notice to each stockholder of Deep Roots that did not execute such a written consent, in each case as required by the Deep Roots Merger Agreement. Director & Officer Indemnification and Insurance The Company and Deep Roots Merger Sub agreed that all rights to indemnification, advancement of expenses and exculpation by Deep Roots existing at the date of signing of the Deep Roots Merger Agreement in favor or directors or officers of Deep Roots serving prior to the Deep Roots Effective Time (the “Deep Roots Indemnified Parties”) and as provided in the organizational documents of Deep Roots, shall be assumed by the Deep Roots Surviving Corporation. Further, from the Deep Roots Effective Time through the sixth anniversary of the date on which the Deep Roots Effective Time occurs, the Deep Roots Surviving Corporation will indemnify and hold harmless each Deep Roots Indemnified Party against all losses, claims, damages, liabilities, fees, expenses, judgments and fines arising in whole or in part out of actions or omissions in their capacity as Deep Roots Indemnified Parties at or prior to the Deep Roots Effective Time, and shall reimburse each Deep Roots Indemnified Party for any legal or other expenses reasonably incurred by such Deep Roots Indemnified Party in connection