Geronimo CVOF Manager LLC - May 8, 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
Stock symbol
LOWLF
Transactions as of
May 8, 2021
Transactions value $
$0
Form type
3
Date filed
5/10/2021, 06:56 PM
Next filing
Jun 29, 2021

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 May 8, 2021 Subordinate Voting Shares 800K $0.20 Direct F1, F2
holding LOWLF Convertible Debenture of Indus Holding Company May 8, 2021 Subordinate Voting Shares 52.5M $0.20 see footnote F1, F2, F3
holding LOWLF Warrants (right to buy) May 8, 2021 Subordinate Voting Shares 800K $0.28 Direct
holding LOWLF Warrants (right to buy) May 8, 2021 Subordinate Voting Shares 52.5M $0.28 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.