Geronimo CVOF Manager LLC - 08 May 2021 Form 3 Insider Report for Lowell Farms Inc. (LOWLF)

Role
10%+ Owner
Signature
/s/ George Allen, as Sole Manager of Geronimo CVOF Manager, LLC
Issuer symbol
LOWLF
Transactions as of
08 May 2021
Net transactions value
$0
Form type
3
Filing time
10 May 2021, 18:56:32 UTC
Next filing
29 Jun 2021
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
holding LOWLF Convertible Debenture of Indus Holding Company 08 May 2021 Subordinate Voting Shares 800,063 $0.2000 Direct F1, F2
holding LOWLF Convertible Debenture of Indus Holding Company 08 May 2021 Subordinate Voting Shares 52,537,438 $0.2000 see footnote F1, F2, F3
holding LOWLF Warrants (right to buy) 08 May 2021 Subordinate Voting Shares 800,063 $0.2800 Direct
holding LOWLF Warrants (right to buy) 08 May 2021 Subordinate Voting Shares 52,537,438 $0.2800 see footnote F3
* 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"). 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 $0.20 per share.
F3 Geronimo Fund is the record holder of the Convertible Debenture and warrants. CVOF Manager disclaims beneficial ownership of the Convertible Debenture and warrants except to the extent of its pecuniary interest therein.

Remarks:

This Form 3 is filed on behalf of Geronimo CVOF Manager, LLC ("CVOF Manager") and Geronimo Central Valley Opportunity Fund, LLC ("Geronimo Fund"). CVOF Manager is the sole manager of Geronimo Fund.