Geronimo Central Valley Opportunity Fund, LLC 3
3 · Lowell Farms Inc. · Filed May 10, 2021
Insider Transaction Report
Form 3
Lowell Farms Inc.LOWLF
Geronimo CVOF Manager LLC
10% Owner
Holdings
Convertible Debenture of Indus Holding Company
Exercise: $0.20From: 2020-07-01Exp: 2023-10-13→ Subordinate Voting Shares (800,063 underlying)- (indirect: see footnote)
Convertible Debenture of Indus Holding Company
Exercise: $0.20From: 2020-07-01Exp: 2023-10-13→ Subordinate Voting Shares (52,537,438 underlying) Warrants (right to buy)
Exercise: $0.28From: 2020-07-01Exp: 2023-10-13→ Subordinate Voting Shares (800,063 underlying)- (indirect: see footnote)
Warrants (right to buy)
Exercise: $0.28From: 2020-07-01Exp: 2023-10-13→ Subordinate Voting Shares (52,537,438 underlying)
Footnotes (3)
- [F1]The principal amount of each Convertible Debenture is convertible into Class C Common Shares of Indus Holding Company ("Class C Common Shares"). 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 $0.20 per share.
- [F3]Geronimo Fund is the record holder of the Convertible Debenture and warrants. CVOF Manager disclaims beneficial ownership of the Convertible Debenture and warrants except to the extent of its pecuniary interest therein.