Chan Heng Fai Ambrose - 26 Jan 2022 Form 4 Insider Report for Alset EHome International Inc. (AEI)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Chan Heng Fai
Issuer symbol
AEI
Transactions as of
26 Jan 2022
Net transactions value
+$6,250,000
Form type
4
Filing time
27 Jan 2022, 16:18:44 UTC
Previous filing
10 Dec 2021
Next filing
10 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AEI Common Stock Conversion of derivative security $6,250,000 +10,000,000 +53% $0.6250 28,749,299 27 Jan 2022 Direct
holding AEI Common Stock 6,380,000 26 Jan 2022 See footnote F1
holding AEI Common Stock 398,348 26 Jan 2022 See footnote F2

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 AEI Convertible Promissory Note Purchase $6,250,000 $6,250,000 26 Jan 2022 Common Stock 10,000,000 $0.6250 Direct F3
transaction AEI Convertible Promissory Note Conversion of derivative security $6,250,000 $0 27 Jan 2022 Common Stock 10,000,000 $0.6250 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares held by HFE Holdings Limited. Mr. Chan has sole voting and investment power with respect to such shares.
F2 Represents shares held by Heng Fai Holdings Limited. Mr. Chan has sole voting and investment power with respect to such shares.
F3 On December 13, 2021 Alset EHome International Inc. (the "Company"), entered into a Securities Purchase Agreement with Mr. Chan (the "Purchaser") for the issuance and sale of a convertible promissory note (the "Note") in favor of Purchaser, in the principal sum of $6,250,000. The Note bears interest at a rate equal to three percent (3%) per annum. The Purchaser will have the option to at its sole discretion to either (i) convert the outstanding balance under the Note into either shares of common stock at the conversion price of $0.625 or (ii) receive cash payment for the accrued and unpaid balance. The sale and issuance of this Note by the Company to Purchaser was subject to certain closing conditions. The sale and issuance of this Note was completed on January 26, 2022.
F4 On January 27, 2022, the Purchaser converted the entire balance of the Note into 10,000,000 shares of the Company's common stock.