Geronimo Central Valley Opportunity Fund, LLC 4
4 · Lowell Farms Inc. · Filed Apr 12, 2022
Insider Transaction Report
Form 4
Lowell Farms Inc.LOWLF
Geronimo CVOF Manager LLC
10% Owner
Transactions
- Other
Convertible Debenture of Indus Holding Company
2022-01-01−5,933,824→ 4,536,431 total(indirect: See Footnote)Exercise: $0.20From: 2020-07-01Exp: 2023-10-13→ Subordinate Voting Shares (29,669,118 underlying) - Other
Warrants (rights to buy)
2022-01-01−29,669,118→ 22,682,155 total(indirect: See Footnote)Exercise: $0.28From: 2020-07-01Exp: 2023-10-13→ Subordinate Voting Shares (29,669,118 underlying)
Holdings
- 160,013
Convertible Debenture of Indus Holding Company
Exercise: $0.20From: 2020-07-01Exp: 2023-10-13→ Subordinate Voting Shares (160,013 underlying) - 800,063
Warrants (rights to buy)
Exercise: $0.28From: 2020-07-01Exp: 2023-10-13→ Subordinate Voting Shares (800,063 underlying)
Footnotes (4)
- [F1]The principal amount of each Convertible Debenture is convertible into Class C Common Shares of Indus Holding Company ("Class C Common Shares") at $0.20 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 $0.20 per share. Accrued interest is not included in the underlying share numbers.
- [F3]The transfer constituted the redemption of membership interests in Geronimo Fund. The value of the consideration for the transferred derivative securities is deemed to be the value of such redeemed membership interests.
- [F4]Geronimo Fund is the record holder of the convertible debenture and warrants. CVOF Manager disclaims beneficial ownership of the convertible debenture and warrants held by Geronimo Fund except to the extent of its pecuniary interest therein.