George Allen - Aug 15, 2022 Form 4 Insider Report for Lowell Farms Inc. (LOWLF)

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

Type	Sym	Class	Transaction	Shares	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LOWLF	Convertible Debenture of Indus Holding Company	Purchase	+2.81M	2.81M	Aug 15, 2022	Subordinate Voting Shares	2.81M	$0.23	See Footnote	F1, F2, F3, F4
transaction	LOWLF	Warrants (right to buy)	Purchase	+2.81M	2.81M	Aug 15, 2022	Subordinate Voting Shares	2.81M	$0.26	See Footnote	F3, F4
transaction	LOWLF	Warrants (right to buy Shares of Indus Holding Company)	Purchase	+4.22M	4.22M	Aug 15, 2022	Subordinate Voting Shares	4.22M	$0.26	See Footnote	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 $650,000.
F4	Held by George Allen Revocable Trust. Mr. Allen is the trustee of the George Allen Revocable Trust.