GROWLIFE, INC. 12% SENIOR SECURED CONVERTIBLE NOTEConvertible Security Agreement • June 10th, 2013 • Growlife, Inc. • Glass products, made of purchased glass • California
THIS 12% SENIOR SECURED CONVERTIBLE NOTE (this “Note”) is one of a series of duly authorized and validly issued Senior Secured Convertible Notes (the “Notes”) of GrowLife, Inc., a Delaware corporation (the “Company”), having its principal place of business at 20301 Ventura Blvd., Suite 126, Woodland Hills, California 91364.
SECURITIES PURCHASE AGREEMENT Between GROWLIFE, INC. GROWLIFE HYDROPONICS, INC. Sequoia, LLC, Pressure Drop Holdings, LLC Sachin Karia For Purchase of ROCKY MOUNTAIN HYDROPONICS, LLC EVERGREEN GARDEN CENTER, LLC EVERGREEN GARDEN CENTERS, LLC STOCK...Securities Purchase Agreement • June 10th, 2013 • Growlife, Inc. • Glass products, made of purchased glass • California
THIS STOCK PURCHASE AGREEMENT, dated as of June 7, 2013, by and between GrowLife, Inc. (the “Parent”), GrowLife Hydroponics, Inc. (the “Buyer”) and Sequoia, LLC, a Delaware limited liability company, Pressure Drop Holdings, LLC a Colorado based limited liability company and Sachin Karia, a natural person (collectively the “Sellers”). As used herein, the term “Parties” shall be used to refer to the Buyer and the Sellers, jointly.
SECURITY AGREEMENTSecurity Agreement • June 10th, 2013 • Growlife, Inc. • Glass products, made of purchased glass • California
This SECURITY Agreement (this “Agreement”) is made as of the 7th day of June, 2013 (the “Effective Date”), by and among Growlife, Inc., a Delaware corporation (“Growlife” or “Borrower”), and the holders, each signatory hereto, of the Borrower’s 12% Senior Secured Convertible Notes issued or to be issued in the original aggregate principal amount of up to $800,000 (the “Notes”) pursuant to the Stock Purchase Agreement (as defined herein) (collectively, together with their endorsees, transferees and assigns, the “Secured Parties”, and each individually, a “Secured Party”), and Robert E. Hunt who will serve as the representative of Pressure Drop, LLC and Brian P. Gillespie who shall serve as the representative of Sequoi, LLC and Sachin Karia, together Robert E. Hunt and Brian P Gillespie are referred to herein from time to time as the as the “Secured Party Representatives”.
