X0306 4 2022-08-15 0001838128 Lowell Farms Inc. LOWLF 0001861410 Shure Brian C/O LOWELL FARMS INC. 19 QUAIL RUN CIRCLE, SUITE B SALINAS CA 93907 true true Chief Financial Officer Convertible Debenture of Indus Holding Company 0.2313 2022-08-15 4 P false 2161695 A 2022-08-15 2023-10-13 Subordinate Voting Shares 2161695 2161695 I See footnote Warrants (right to buy) 0.2613 2022-08-15 4 P false 2161695 A 2022-08-15 2026-02-19 Subordinate Voting Shares 2161695 2161695 I See footnote Warrants (right to buy Shares of Indus Holding Company 0.2613 2022-08-15 4 P false 3242542 A 2022-08-15 2026-02-19 Subordinate Voting Shares 3242542 3242542 I See footnote Convertible Debenture of Indus Holding Company 0.2313 2022-08-15 4 P false 5188067 A 2022-08-15 2023-10-13 Subordinate Voting Shares 5188067 5188067 I See footnote Warrants (right to buy) 0.2613 2022-08-15 4 P false 5188067 A 2022-08-15 2026-02-19 Subordinate Voting Shares 5188067 5188067 I See footnote Warrants (right to buy Shares of Indus Holding Company 0.2613 2022-08-15 4 P false 7782101 A 2022-08-15 2026-02-19 Subordinate Voting Shares 7782101 7782101 I See footnote Convertible Debenture of Indus Holding Company 0.2613 2022-08-15 4 P false 1297017 A 2022-08-15 2023-10-13 Subordinate Voting Shares 1297017 1297017 I See footnote Warrants (right to buy) 0.2613 2022-08-15 4 P false 1297017 A 2022-08-15 2026-02-19 Subordinate Voting Shares 1297017 1297017 I See footnote Warrants (right to buy Shares of Indus Holding Company 0.2613 2022-08-15 4 P false 1945525 A 2022-08-15 2026-02-19 Subordinate Voting Shares 1945525 1945525 I See footnote 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. 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. The aggregate purchase price paid for the convertible debentures and warrants is $500,000. Held by AMTG Holdings, LLLP. Mr. Shure is the President of AMTG Management, Inc., which is the general partner of AMTG Holdings, LLLP. Mr. Shure disclaims beneficial ownership of the securities held by AMTG Holdings, LLLP except to the extent of his pecuniary interest therein. The aggregate purchase price paid for the convertible debentures and warrants is $1,200,000. Held by Ambrose Capital Holdings, LP. Mr. Shure is the President of Ambrose Capital Partners, LLC, which is the general partner of Ambrose Capital Holdings, LP. Mr. Shure disclaims beneficial ownership of the securities held by Ambrose Capital Holdings, LP except to the extent of his pecuniary interest therein. The aggregate purchase price paid for the convertible debentures and warrants is $300,000. Held by the Brian K. Shure Charitable Lead Annuity Trust, of which the reporting person is the trustee and of which the reporting person's three children are the beneficiaries. /s/ Brian K. Shure 2022-09-02