Company: VREOF
Filing Date: 2025-03-21
Form Type: DEFM14C
Source: 0001140361-25-009815
Chunk: 101

Company: Vireo Growth Inc.
Filing Date: 2025-03-21
Form: DEFM14C
Chunk 101
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 the Wholesome Fundamental Representations shall not exceed 100% of the Wholesome Actual Closing Merger Consideration, and no individual Wholesome stockholder will be liable for any losses exceeding the value (as if such amounts were all received as of the Wholesome Closing) of its pro rata portion of the Wholesome Actual Closing Merger Consideration actually received by such Wholesome Stockholder.

Subject to certain exceptions, from and after the Wholesome Closing, the foregoing indemnification is the sole and exclusive remedy with respect to any and all claims under the Wholesome 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 Wholesome 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 Wholesome Earn-Out Amount due to a Wholesome stockholder any losses determined by a final, non-appealable adjudication to be owed by such Wholesome stockholder 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 Wholesome Merger Agreement, such party will be entitled to submit a notice of such good faith claim to the Stockholder Representative, and such claims will be resolved pursuant to the indemnification claim provisions set forth in the Wholesome 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 Wholesome Earn-Out Shares in respect of any Wholesome Earn-Out Amount that is the subject of such a claim pending final determination of that claim.

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TABLE OF CONTENTS

Termination of the Wholesome Merger Agreement The Wholesome Merger Agreement may be terminated at any time prior to the Wholesome Closing in the following ways:

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

| • | by the Company or Wholesome if: |

| ○ | subject to certain exceptions, if any governmental authority of competent jurisdiction has enacted