Monat Jeffrey 4
4 · Lowell Farms Inc. · Filed Sep 2, 2022
Insider Transaction Report
Form 4
Lowell Farms Inc.LOWLF
Monat Jeffrey
Director
Transactions
- Purchase
Warrants (right to buy)
2022-08-15+216,169→ 216,169 total(indirect: See footnote)Exercise: $0.26From: 2022-08-15Exp: 2026-02-19→ Subordinate Voting Shares (216,169 underlying) - Purchase
Convertible Debenture of Indus Holding Company
2022-08-15+216,169→ 216,169 total(indirect: See footnote)Exercise: $0.23From: 2022-08-15Exp: 2023-10-13→ Subordinate Voting Shares (216,169 underlying) - Purchase
Warrants (right to buy Shares of Indus Holding Company)
2022-08-15+324,254→ 324,254 total(indirect: See footnote)Exercise: $0.26From: 2022-08-15Exp: 2026-02-19→ Subordinate Voting Shares (324,254 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 $0.2313 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 $50,000.
- [F4]Held by Nicole Monat, Mr. Monat's wife. Mr. Monat disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.