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

Role
Chief Financial Officer, Director
Signature
/s/ Brian K. Shure
Stock symbol
LOWLF
Transactions as of
Aug 15, 2022
Transactions value $
$0
Form type
4
Date filed
9/2/2022, 08:33 PM
Previous filing
Jan 18, 2022
Next filing
Dec 29, 2022

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 +2.16M 2.16M Aug 15, 2022 Subordinate Voting Shares 2.16M $0.23 See footnote F1, F2, F3, F4
transaction LOWLF Warrants (right to buy) Purchase +2.16M 2.16M Aug 15, 2022 Subordinate Voting Shares 2.16M $0.26 See footnote F3, F4
transaction LOWLF Warrants (right to buy Shares of Indus Holding Company Purchase +3.24M 3.24M Aug 15, 2022 Subordinate Voting Shares 3.24M $0.26 See footnote F3, F4
transaction LOWLF Convertible Debenture of Indus Holding Company Purchase +5.19M 5.19M Aug 15, 2022 Subordinate Voting Shares 5.19M $0.23 See footnote F1, F2, F5, F6
transaction LOWLF Warrants (right to buy) Purchase +5.19M 5.19M Aug 15, 2022 Subordinate Voting Shares 5.19M $0.26 See footnote F5, F6
transaction LOWLF Warrants (right to buy Shares of Indus Holding Company Purchase +7.78M 7.78M Aug 15, 2022 Subordinate Voting Shares 7.78M $0.26 See footnote F5, F6
transaction LOWLF Convertible Debenture of Indus Holding Company Purchase +1.3M 1.3M Aug 15, 2022 Subordinate Voting Shares 1.3M $0.26 See footnote F1, F2, F7, F8
transaction LOWLF Warrants (right to buy) Purchase +1.3M 1.3M Aug 15, 2022 Subordinate Voting Shares 1.3M $0.26 See footnote F7, F8
transaction LOWLF Warrants (right to buy Shares of Indus Holding Company Purchase +1.95M 1.95M Aug 15, 2022 Subordinate Voting Shares 1.95M $0.26 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.