Brian Shure - 15 Aug 2022 Form 4 Insider Report for Lowell Farms Inc. (LOWLF)

Role: Chief Financial Officer, Director
Signature: /s/ Brian K. Shure
Issuer symbol: LOWLF
Transactions as of: 15 Aug 2022
Net transactions value: $0
Form type: 4
Filing time: 02 Sep 2022, 20:33:24 UTC
Previous filing: 18 Jan 2022
Next filing: 29 Dec 2022
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
transaction	LOWLF	Convertible Debenture of Indus Holding Company	Purchase		+2,161,695			2,161,695	15 Aug 2022	Subordinate Voting Shares	2,161,695	$0.2313	See footnote	F1, F2, F3, F4
transaction	LOWLF	Warrants (right to buy)	Purchase		+2,161,695			2,161,695	15 Aug 2022	Subordinate Voting Shares	2,161,695	$0.2613	See footnote	F3, F4
transaction	LOWLF	Warrants (right to buy Shares of Indus Holding Company	Purchase		+3,242,542			3,242,542	15 Aug 2022	Subordinate Voting Shares	3,242,542	$0.2613	See footnote	F3, F4
transaction	LOWLF	Convertible Debenture of Indus Holding Company	Purchase		+5,188,067			5,188,067	15 Aug 2022	Subordinate Voting Shares	5,188,067	$0.2313	See footnote	F1, F2, F5, F6
transaction	LOWLF	Warrants (right to buy)	Purchase		+5,188,067			5,188,067	15 Aug 2022	Subordinate Voting Shares	5,188,067	$0.2613	See footnote	F5, F6
transaction	LOWLF	Warrants (right to buy Shares of Indus Holding Company	Purchase		+7,782,101			7,782,101	15 Aug 2022	Subordinate Voting Shares	7,782,101	$0.2613	See footnote	F5, F6
transaction	LOWLF	Convertible Debenture of Indus Holding Company	Purchase		+1,297,017			1,297,017	15 Aug 2022	Subordinate Voting Shares	1,297,017	$0.2613	See footnote	F1, F2, F7, F8
transaction	LOWLF	Warrants (right to buy)	Purchase		+1,297,017			1,297,017	15 Aug 2022	Subordinate Voting Shares	1,297,017	$0.2613	See footnote	F7, F8
transaction	LOWLF	Warrants (right to buy Shares of Indus Holding Company	Purchase		+1,945,525			1,945,525	15 Aug 2022	Subordinate Voting Shares	1,945,525	$0.2613	See footnote	F7, F8

* 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") 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 $500,000.
F4	Held by AMTG Holdings, LLLP. Mr. Shure is the President of AMTG Management, Inc., which is the general partner of AMTG Holdings, LLLP. Mr. Shure disclaims beneficial ownership of the securities held by AMTG Holdings, LLLP except to the extent of his pecuniary interest therein.
F5	The aggregate purchase price paid for the convertible debentures and warrants is $1,200,000.
F6	Held by Ambrose Capital Holdings, LP. Mr. Shure is the President of Ambrose Capital Partners, LLC, which is the general partner of Ambrose Capital Holdings, LP. Mr. Shure disclaims beneficial ownership of the securities held by Ambrose Capital Holdings, LP except to the extent of his pecuniary interest therein.
F7	The aggregate purchase price paid for the convertible debentures and warrants is $300,000.
F8	Held by the Brian K. Shure Charitable Lead Annuity Trust, of which the reporting person is the trustee and of which the reporting person's three children are the beneficiaries.