Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 60

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 60
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 with investigating or defending any such losses, claims, damages, liabilities, fees, expenses, judgments and fines related to or arising under any such claim as such expenses are incurred, subject to the Deep Roots Surviving Corporation’s receipt of an undertaking by such Deep Roots Indemnified Party to repay such legal and other fees and expenses paid in advance if it is ultimately determined in a final and non-appealable judgment of a court of competent jurisdiction that such Deep Roots Indemnified Party is not entitled to be indemnified under applicable law; provided, however, that the Deep Roots Surviving Corporation will not be liable for any settlement effected without the Deep Roots Surviving Corporation’s prior written consent. Prior to the Deep Roots Closing, Deep Roots will obtain and fully pay for a “tail policy” with a claims period of at least six years from the Deep Roots Effective Time with at least the same coverage and amount and containing terms and conditions that are not less advantageous to the directors and officers of Deep Roots as Deep Roots’ existing policies with respect to claims arising out of or relating to events which occurred before or at the Deep Roots Effective Time. To the extent that Deep Roots does not fully pay for such policy, the costs and expenses related to such policy will be included as Deep Roots Transaction Expenses. Other Covenants and Agreements The Deep Roots Merger Agreement contains other covenants and agreements, including those relating to this Information Statement, obtaining certain governmental approvals, notices by Deep Roots to the Company of certain events prior to the Deep Roots Closing, public announcements of the Deep Roots Transactions, the resignation of the directors and certain officers of Deep Roots, and anti-takeover laws.

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TABLE OF CONTENTS

Conditions to the Closing of the Deep Roots Merger The obligations of the Company, Deep Roots Merger Sub and Deep Roots to consummate the Deep Roots Merger are subject to the satisfaction or waiver of certain conditions, including the following:

| • | the adoption of the Deep Roots Merger Agreement by the affirmative vote or consent of the Deep Roots stockholders representing a majority of the outstanding Deep Roots Common Stock (the “Deep Roots Requisite Company Vote”); |

| • | the approval of an ordinary resolution approving the business combination transaction with Deep Roots and/or related change of control of the Company, as applicable, pursuant to applicable policies of the CSE (i) in the case of a meeting of shareholders, by at least 50% of the votes cast at a special meeting of shareholders of the Company by the holders of