Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 132

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 132
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 Member Representative, or any indemnification or other obligations of any Proper equityholder or Proper Share Recipient under the Proper Merger Agreement or any documents, agreements or instruments contemplated by the Proper Merger Agreement, is or was not enforceable against such Proper equityholder or Proper Share Recipient, (v) any amounts paid by the Company in respect of amounts described under the section above entitled “Director & Officer Indemnification,” (vi) the Proper Restructuring described in the Proper Merger Agreement, and (vii) certain unpaid transaction expenses or indebtedness of the Proper Companies and their subsidiaries to the extent not paid or satisfied by Proper at or prior to the Proper Closing, or if paid by the Company, Proper Merger Sub 1, or Proper Merger Sub 2 at or prior to the Proper Closing, to the extent not deducted in the determination of Proper Closing Merger Consideration. The Proper

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Share Recipients 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 Proper Merger Agreement, pre-closing taxes of the Proper Companies and their subsidiaries, and certain other tax matters. In addition, if the Proper Closing occurs, the Company will defend and indemnify Proper, its 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, Proper Merger Sub 1, or Proper Merger Sub 2 set forth in the Proper Merger Agreement or in certificate or instrument delivered by or on behalf of the Company, Proper Merger Sub 1, or Proper Merger Sub 2 and (ii) any breach, violation or nonfulfillment of any covenant, agreement, or obligation to be performed by the Company, Proper Merger Sub 1, or Proper Merger Sub 2 pursuant to the Proper 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 $463,101 deductible, after which the indemnifying parties shall be required to pay or be liable for all losses in excess of such deductible, and a $9,262,024 indemnification cap, except in the case of fraud or the breach of or inaccuracy