Jeffrey Monat - Jan 13, 2022 Form 3 Insider Report for Lowell Farms Inc. (LOWLF)

Role
Director
Signature
/s/ Jeffrey Monat
Stock symbol
LOWLF
Transactions as of
Jan 13, 2022
Transactions value $
$0
Form type
3
Date filed
1/19/2022, 05:02 AM
Next filing
Sep 2, 2022

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
holding LOWLF Convertible Debenture of Indus Holding Company Jan 13, 2022 Convertible Debentures 100K $0.20 . F1, F2, F3
holding LOWLF Warrants (right to buy) Jan 13, 2022 Subordinate Voting Shares 500K $0.28 . F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The principal amount of the Convertible Debenture is convertible into Class C Common Shares of Indus Holding Company ("Class C Common Shares"). 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 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.
F3 Interest accrues on the Convertible Debenture and is payable quarterly in arrears; any accrued and unpaid interest at the time of conversion of the Convertible Debenture is convertible into additional Class C Common Shares at $0.20 per share.