Newcan Investment Partners LLC 4
4 · CLS Holdings USA, Inc. · Filed Oct 12, 2017
Insider Transaction Report
Form 4
Newcan Investment Partners LLC
10% Owner
Transactions
- Other
Convertible Promissory Note
2017-10-09$29999.50/sh→ 119,998 totalExercise: $0.25From: 2017-10-09→ Common Stock (119,998 underlying)
Holdings
- 1,870,988
Common Stock
- 2,486,632
Convertible Promissory Note
Exercise: $0.25From: 2017-08-23→ Common Stock (2,486,632 underlying) - 280,000
Convertible Promissory Note
Exercise: $0.25From: 2017-08-23→ Common Stock (280,000 underlying) - 480,000
Convertible Promissory Note
Exercise: $0.25From: 2017-03-31→ Common Stock (480,000 underlying)
Footnotes (5)
- [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 October 8, 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]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.
- [F5]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.