Jeffrey Monat - 15 Aug 2022 Form 4 Insider Report for Lowell Farms Inc. (LOWLF)

Role
Director
Signature
/s/ Jeffrey Monat
Issuer symbol
LOWLF
Transactions as of
15 Aug 2022
Transactions value $
$0
Form type
4
Date filed
02 Sep 2022, 20:33
Previous filing
19 Jan 2022
Next filing
29 Dec 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LOWLF Convertible Debenture of Indus Holding Company Purchase +216K 216K 15 Aug 2022 Subordinate Voting Shares 216K $0.23 See footnote F1, F2, F3, F4
transaction LOWLF Warrants (right to buy) Purchase +216K 216K 15 Aug 2022 Subordinate Voting Shares 216K $0.26 See footnote F3, F4
transaction LOWLF Warrants (right to buy Shares of Indus Holding Company) Purchase +324K 324K 15 Aug 2022 Subordinate Voting Shares 324K $0.26 See footnote F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The principal amount of each convertible debenture is convertible into Class C Common Shares of Indus Holding Company ("Class C Common Shares") at $0.2313 per share. Class C Common Shares may be redeemed at the option of the holder for Subordinate Voting Shares of the issuer on a one-for-one basis in accordance with the certificate of incorporation of Indus Holding Company. Class C Common Shares may be redeemed at any time and have no expiration date.
F2 Interest accrues on the convertible debentures and is payable quarterly in arrears; any accrued and unpaid interest at the time of conversion of a convertible debenture is convertible into additional Class C Common Shares at $0.2313 per share. Accrued interest is not included in the underlying share numbers.
F3 The aggregate purchase price paid for the convertible debentures and warrants is $50,000.
F4 Held by Nicole Monat, Mr. Monat's wife. Mr. Monat disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.