---
schema_version: "secwatch.filing_event.v1"
accession: "0001161697-23-000188"
form_type: "8-K"
ticker: null
cik: "0001161582"
company_name: "GROWLIFE, INC."
filed_at: "2023-03-28T23:59:59+00:00"
generated_at: "2026-06-17T11:48:41.716838+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Growlife issues $125K convertible note and 3.125M commitment shares to Fourth Man LLC

## Summary
- Principal $125,000; original issue discount $21,250; net proceeds $92,987.50.
- Interest at 10% per annum, first-year interest $12,500 guaranteed; maturity 12 months.
- Conversion price $0.01 per share, subject to standard anti-dilution adjustments.
- 3,125,000 commitment shares issued as additional consideration; 2,125,000 may be cancelled if note repaid by June 21, 2023.
- Investor granted piggyback registration rights on shares underlying the note and commitment shares.

## SEC filing metadata
- accession: 0001161697-23-000188
- form_type: 8-K
- cik: 0001161582
- company_name: GROWLIFE, INC.
- filed_at: 2023-03-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1161582/000116169723000188/0001161697-23-000188-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1161582/000116169723000188/form_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001161697-23-000188
- JSON: https://secwatch.observer/filing/0001161697-23-000188.json
- Plain text: https://secwatch.observer/filing/0001161697-23-000188.txt

## Key facts
- Debt Financings
  GROWLIFE, INC. incurred convertible notes of $125,000.00 with Fourth Man LLC at ten percent (10%) maturing twelve (12) months from the Issue Date.
  - Instrument: convertible notes
  - Principal: $125,000.00
  - Counterparty: Fourth Man LLC
  - Rate: ten percent (10%)
  - Maturity: twelve (12) months from the Issue Date
  - Event: incurrence
  source text: On March 21, 2023 (the “Issue Date”), Growlife, Inc. a Delaware corporation (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Fourth Man LLC, a Nevada limited liability company (the “Investor”), pursuant to which the Company sold Investor a Convertible Promissory Note (the “Note”) in the principal aggregate amount of $125,000.00
  evidence_url: https://www.sec.gov/Archives/edgar/data/1161582/000116169723000188/0001161697-23-000188-index.htm
- Material Agreements
  GROWLIFE, INC. entered into Securities Purchase Agreement with Fourth Man LLC valued at $125,000.00 (effective 2023-03-21).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Fourth Man LLC
  - Value: $125,000.00
  - Effective: 2023-03-21
  source text: On March 21, 2023 (the “Issue Date”), Growlife, Inc. a Delaware corporation (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Fourth Man LLC, a Nevada limited liability company (the “Investor”), pursuant to which the Company sold Investor a Convertible Promissory Note (the “Note”) in the principal aggregate amount of $125,000.00
  evidence_url: https://www.sec.gov/Archives/edgar/data/1161582/000116169723000188/0001161697-23-000188-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.