Newcan Investment Partners LLC 4

4 · CLS Holdings USA, Inc. · Filed Aug 25, 2017

Form 4

Period: 2017-08-23

10% Owner

Transactions

Other
Convertible Promissory Note
2017-08-23$621658.00/sh→ 2,486,632 total
Exercise: $0.25From: 2017-08-23→ Common Stock (2,486,632 underlying)
Other
Convertible Promissory Note
2017-08-23$70000.00/sh→ 280,000 total
Exercise: $0.25From: 2017-08-23→ Common Stock (280,000 underlying)
Other
Demand Convertible Promissory Note
2017-08-23$618000.00/sh→ 0 total
Exercise: $0.25From: 2017-05-31→ Common Stock (2,472,000 underlying)

Holdings

Convertible Promissory Note
Exercise: $0.25From: 2017-03-31→ Common Stock (480,000 underlying)
480,000
Common Stock
1,870,988

Footnotes (6)

[F1]This Note bears interest at the rate of 10% per annum. At the election of the Reporting Person, all principal and accrued interest under the Note may be converted into the Issuer's common stock. For each $0.25 converted, the Reporting Person will receive one share of common stock.
[F2]The Note is convertible, at the election of the Reporting Person, at any time prior to payment or prepayment in full and matures on August 22, 2020.
[F3]Excludes shares issuable at the election of the Reporting Person upon conversion of accrued interest (both past and future) into shares of common stock.
[F4]Exchange of this demand convertible promissory note for convertible promissory note in the amount of $621,658.
[F5]This note has been finalized and replaced by a convertible promissory note in the amount of $621,658, which replacement note includes additional amounts loaned by the Reporting Person.
[F6]The Note is convertible, at the election of the Reporting Person, at any time prior to payment or prepayment in full and matures on April 1, 2020.

Documents

1 file