marijuana stock news

Form 8-K for GROWLIFE, INC.


8-Apr-2015

Entry into a Material Definitive Agreement, Financial Statements and Exhibits

Item 1.01 Entry into a Material Definitive Agreement.GrowLife, Inc. (the “Company”) entered into a 6% Senior Secured Convertible Note on March 16, 2012. On April 1, 2015, the Company entered into Amendment 1 of the Amended and Restated 6% Senior Secured Convertible Notes with the two holders. The Amendment 1 provides for interest of 12% effective April 8, 2014 and extends the due date to September 15, 2015. Per the terms of the Amendment 1, the principal of $413,680 and accrued interest can be converted into shares of the Company’s common stock at a per share conversion price of $0.007.

The foregoing description of the Amendment 1 to the Amended and Restated 6% Senior Secured Convertible Notes is qualified in its entirety by reference to the Amendment 1 to the Amended and Restated 6% Senior Secured Convertible Notes, copies of which are attached to this Current Report on Form 8-K as Exhibits 10.1 and 10.2 and are incorporated by reference into this 1.01.

 

Item 9.01 Financial Statements and Exhibits.(d) Exhibits.

Exhibit No.    Description

  10.1           Amendment 1 to Amended and Restated 6% Senior Secured Convertible
               Note with Andrew J. Gentile.

  10.2           Amendment 1 to Amended and Restated 6% Senior Secured Convertible
               Note with Jordan W. Scott.


MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

The Alkaline Water Company Inc. (WTER) First Year Direct Store Delivery Program Exceeds Expectations

The Alkaline Water Company’s First Year Direct Store Delivery Program Exceeds Expectations…

Cannabis Science, Inc. (CBIS) Prepares Announcements for Revenues and Corporate Growth

Cannabis Science Prepares Announcements for Revenues and Corporate Growth; Finalizing New Asset…

$ERBB Selected to Manage 20,000 Sq Ft Nevada Cannabis Cultivation Site

American Green Named To Manage 20,000 Sq Ft Nevada Cannabis Cultivation Site…

Village Farms International, Inc. (VFF) Announces Availability of Pure Sunfarms’ Vape and Oil Products to Consumers

Village Farms International Announces Availability of Pure Sunfarms’ Vape and Oil Products…