Allen George 4
4 · Lowell Farms Inc. · Filed Sep 2, 2022
Insider Transaction Report
Form 4
Lowell Farms Inc.LOWLF
Allen George
Director10% Owner
Transactions
- Purchase
Convertible Debenture of Indus Holding Company
2022-08-15+2,810,203→ 2,810,203 total(indirect: See Footnote)Exercise: $0.23From: 2022-08-15Exp: 2023-10-13→ Subordinate Voting Shares (2,810,203 underlying) - Purchase
Warrants (right to buy)
2022-08-15+2,810,203→ 2,810,203 total(indirect: See Footnote)Exercise: $0.26From: 2022-08-15Exp: 2026-02-19→ Subordinate Voting Shares (2,810,203 underlying) - Purchase
Warrants (right to buy Shares of Indus Holding Company)
2022-08-15+4,215,305→ 4,215,305 total(indirect: See Footnote)Exercise: $0.26From: 2022-08-15Exp: 2026-02-19→ Subordinate Voting Shares (4,215,305 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 $650,000.
- [F4]Held by George Allen Revocable Trust. Mr. Allen is the trustee of the George Allen Revocable Trust.