Form 8-K for GROWLIFE, INC.
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 | email@example.com