EXECUTIVE SERVICES AGREEMENT

THIS EXECUTIVE SERVICES AGREEMENT (the “Agreement”) is entered into this 17th
day of May, 2011 (the “Commencement Date”), between Phototron Holdings, Inc., a
Delaware corporation (the “Company”), and Douglas Braun (“Executive”).

WHEREAS, the parties desire to enter into this Agreement setting forth the terms
and conditions for the Company’s engagement of Executive’s services.

NOW, THEREFORE, in consideration of the promises and mutual covenants and
agreements herein contained and intending to be legally bound hereby, the
parties hereby agree as follows:

1.           Term.  Subject to the termination provisions of Section 8 below,
the term of this Agreement shall be three (3) years (“Term”), commencing on the
Commencement Date and ending immediately prior to the third (3rd) anniversary of
the Commencement Date (the “Termination Date”).

2.           Engagement.

2.1           Consulting Services.  The Company hereby engages Executive to
provide consulting and management services to the Company relating to the
functions of Chief Executive Officer of the Company and President and Chief
Executive Officer of Growlife, Inc., a Delaware corporation and wholly-owned
subsidiary of the Company (“Growlife”), from the close of business on May 17,
2011 until May 31, 2011.

2.2           Employment.  Commencing on June 1, 2011, the Company shall employ
Executive on a full-time basis as the Chief Executive Officer of the Company and
as the President and Chief Executive Officer of Growlife.

2.3           Duties.  During the Term Executive will have the full range of
executive duties and responsibilities that are customary for president and chief
executive officer positions and shall be obligated to devote all of his
professional and business-related time, skills and best efforts to the business
and affairs of the Company and its subsidiaries.  Executive shall report to and
take direction from the Company’s Board of Directors.

3.           Compensation.
 
3.1           Salary.  Upon Executive’s employment by the Company, the Company
shall pay Executive an annual salary of $150,000 (the “Base Salary”). Such Base
Salary shall increase to the annual rate of $180,000 on the first day of the
month following the month in which Growlife’s gross monthly retail sales reach
$500,000, and $250,000 on the earlier of (i) the first day of the month
following the month in which Growlife’s gross monthly retail sales reach
$750,000 and (ii) January 1, 2012.  The Base Salary shall be payable by the
Company to Executive in accordance with the Company’s standard payroll
practices.
 
3.2           Adjustments.  Participation in deferred compensation,
discretionary bonus, retirement, stock incentive and other benefit plans and in
fringe benefits shall not reduce the Base Salary; provided, however, that
voluntary deferrals or contributions to such plans shall reduce the current cash
compensation paid to Executive but shall not reduce the Base Salary hereunder.
 
 
 

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4.           Bonus.  Executive shall be entitled to receive an annual cash bonus
(“Bonus”) as follows:

4.1           One hundred seventy-five percent (175%) of the Base Salary in
effect as of December 31 of the Company’s applicable fiscal year, if Growlife
achieves one hundred percent (100%) of sales projections for such fiscal year;

4.2           One hundred percent (100%) of the Base Salary in effect as of
December 31 of the Company’s applicable fiscal year, if Growlife achieves at
least eighty percent (80%) but less than one hundred percent (100%) of sales
projections for such fiscal year; and

4.3           Fifty percent (50%) of the Base Salary in effect as of December 31
of the Company’s applicable fiscal year, if Growlife achieves at least fifty
percent (50%) but less than eighty percent (80%) of sales projections for such
fiscal year.

The Bonus, if any, shall be paid to Executive upon the earlier of (1) the
completion of the preparation of the Company’s audited financial statements for
such fiscal year and (2) April 1 of the Company’s next fiscal year.

5.           Benefits.

5.1           Options.  Executive shall participate in the Company’s 2011 Stock
Incentive Plan (the “Plan”) as follows:

(a)           Executive shall receive, upon approval by the Company’s Board of
Directors, non-qualified options under the Plan to purchase 4,500,000 shares of
the Company’s common stock, at a per share exercise price equal to the fair
market value of one share of the Company’s common stock on the date of grant,
vesting in twenty-four (24) equal monthly installments on the last day of each
month commencing from and after May 31, 2011.  Except as provided herein, the
terms of the options shall be as provided in the Plan and in the Company’s
standard form of stock option agreement for non-qualified options.

(b)           Executive shall also be eligible for subsequent option grants
under the Plan during the Term as determined by the Company’s Board of
Directors.

5.2           Life Insurance.  The Company shall apply for and obtain “term”
life insurance upon the life of Executive, effective as of January 1, 2012, in
an amount equal to Executive’s then current Base Salary.  The beneficiary of
such policy shall be the person(s) designated by Executive.  Executive agrees to
reasonably assist and reasonably cooperate with the Company in procuring such
insurance, including (without limitation) submitting to medical examinations for
purposes of obtaining and/or maintaining such insurance.

5.3           Housing.  During Executive’s term of employment hereunder, the
Company shall provide to Executive a monthly housing stipend of $750.  In the
event that the Company and Executive mutually agree to Executive’s relocation to
Los Angeles County, California, the Company shall pay Executive’s reasonable
relocation costs and shall pay for reasonable temporary housing for Executive
and his family for a period of three (3) months.

5.4           Vacation.  During Executive’s term of employment hereunder,
Executive shall be entitled to four (4) weeks of paid vacation in each calendar
year, accruing ratably on a weekly-basis during each calendar year.  Executive
shall also be entitled to all paid holidays given by the Company to its senior
executives.
 
 
 

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5.5           Other Benefits.  During Executive’s term of employment hereunder,
Executive and, to the extent applicable, Executive’s spouse, dependents and
beneficiaries, shall be allowed to enjoy and participate in all benefit plans
and programs, including improvements or modifications of the same, which are
now, or may hereafter be, available to other executive employees of the Company
and its subsidiaries.  Such benefit plans and programs shall include, without
limitation, medical insurance, D&O insurance, and such similar benefits, plans
and programs as may be maintained by the Company.  The Company shall not,
however, be obligated to institute, maintain, or refrain from changing,
amending, or discontinuing, any such benefit plan or program, so long as such
changes are similarly applicable to executive employees generally.
 
6.           Business Expenses.  During Executive’s term of employment
hereunder, Executive shall be entitled to incur and be reimbursed by the Company
for all reasonable business expenses.  The Company agrees that it will reimburse
Executive for all such expenses upon the presentation by Executive, on a monthly
basis, of an itemized account of such expenditures setting forth the date, the
purposes for which incurred, and the amounts thereof, together with such
receipts showing payments in conformity with the Company’s established
policies.  Reimbursement for approved expenses shall be made within a reasonable
period not to exceed thirty (30) days after the approval of Executive’s itemized
account.

7.           Indemnity.  The Company shall to the extent permitted and required
by law, indemnify and hold Executive harmless from costs, expense or liability
arising out of or relating to any acts or decisions made by Executive in the
course of his engagement to the same extent the Company indemnifies and holds
harmless other officers and directors of the Company in accordance with the
Company’s established policies.

8.           Termination.  Executive’s engagement with the Company may be
terminated for the reasons set forth below.  To the extent Executive serves as a
member of the Company’s Board of Directors, at the request of the Company’s
Board of Directors Executive agrees to resign from his position as a director of
the Company within twenty-four (24) hours after his engagement is terminated.

8.1           Death.  This Agreement shall terminate upon Executive’s death
(“Death”).  The Company shall pay Executive’s estate (i) on the date it would
have been payable to Executive any unpaid Base Salary and accrued vacation, if
any, earned prior to Executive’s Death, and (ii) any unpaid reimbursements due
Executive for expenses incurred by Executive prior to Executive’s Death, upon
receipt from Executive’s personal representative of receipts therefor.

8.2           Disability.  If, as a result of Executive’s incapacity due to
physical or mental illness, thereby causing Executive to have been absent from
the full time performance of substantially all of his material duties with the
Company for a continuous period of one hundred eighty (180) days, Executive’s
engagement may be terminated by the Company or by Executive for
“Disability.”  Termination shall occur thirty (30) days after a notice of a
written termination is delivered to Executive by the Company or by Executive to
the Company (the “Effective Date of Termination”).  On the Effective Date of
Termination, the Company shall pay Executive:

(a)           any unpaid Base Salary and accrued vacation, if any, earned prior
to the date of Executive’s Effective Date of Termination, and

(b)           any unpaid reimbursements due Executive for expenses incurred by
Executive prior to Executive’s Effective Date of Termination, pursuant to
Section 6.

8.3           Cause.  The Company may terminate Executive’s engagement hereunder
for Cause.  For purposes of this Agreement, “Cause” means:
 
 
 

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(a)           an act or acts of dishonesty undertaken by Executive and intended
to result in material personal gain or enrichment of Executive or others at the
expense of the Company;

(b)           gross misconduct that is willful or deliberate on Executive’s part
and that, in either event, is materially injurious to the Company, including but
not limited to sexual harassment, embezzlement, theft, and disclosure of Company
trade secrets;

(c)           the conviction of Executive of a felony or plea of nolo contendere
to a felony ; or

(d)           the material breach of any terms and conditions of this Agreement
by Executive, which breach has not been cured by Executive within thirty (30)
days after written notice thereof to Executive from the Company.

In the event of termination for Cause, Executive will be entitled to such Base
Salary, accrued vacation, if any, earned through the date of termination, and
unpaid reimbursements due Executive for expenses incurred by Executive prior to
the date of termination, pursuant to Section 6, which amounts shall be payable
on the date of termination for Cause, but will not be entitled to any other
salary, benefits, bonuses or other compensation after such date.

8.4           Without Cause.  This Agreement may also be terminated by the
Company at any time by the delivery to Executive of a written notice of
termination.  Upon such termination, Executive shall be entitled to receive the
following (collectively, the “Severance Benefits”):

(a)           on the Effective Date of Termination, Executive will be paid such
Base Salary and accrued vacation, if any, earned by Executive through the date
of termination;

(b)           Executive will also be paid a termination fee equal to his
then-current Base Salary for one year, payable in six (6) equal bi-monthly
installments; and

(c)           Executive’s options shall continue to vest in accordance with
their terms, and such options shall expire on the latest termination date set
forth in the applicable stock option agreements.

As a condition to receipt of the consideration described in clause (b) above,
the Company and Executive shall execute a mutually acceptable general release.

8.5           By Executive.  Executive may terminate this Agreement upon thirty
(30) days written notice to the Company.

(a)           In the event Executive terminates this Agreement for “Good
Reason,” Executive shall be entitled to receive the Severance Benefits.  As used
herein, “Good Reason” shall mean:

(i)           any reduction in Executive’s then-current Base Salary or any
material reduction in Executive’s comprehensive compensation package (other than
changes, if any, required by group insurance carriers applicable to all persons
covered under such plans or changes required under applicable law), unless such
reduction is in connection with concurrent and proportional reductions in the
salaries of the other members of management of the Company, which reductions
have been approved by the Company’s Board of Directors;
 
 
 

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(ii)           a material adverse change in Executive’s responsibilities; except
in connection with the termination of Executive’s engagement for Cause, upon the
Death of Executive, upon Executive’s Disability or upon voluntary termination by
Executive;

(iii)           the assignment to Executive of duties that represent or
constitute a material adverse change in Executive’s position, duties,
responsibilities and status with the Company; or

(iv)           the material breach of any terms and conditions of this Agreement
by the Company, which breach has not been cured by the Company within thirty
(30) days after written notice thereof to the Company from Executive.

(b)           In the event Executive terminates this Agreement other than for
Disability or Good Reason, the Company shall pay Executive:

(i)           on the date it would have been payable to Executive, any unpaid
Base Salary and accrued vacation, if any, earned through the date of Executive’s
termination; and

(ii)           any unpaid reimbursements due Executive for expenses incurred by
Executive through the date of Executive’s termination, pursuant to Section 6.

9.           Covenants.

9.1           Confidential Information.  During the term of this Agreement and
thereafter, Executive shall not, except as may be required to perform his duties
hereunder or as required by applicable law or court order, disclose to others
for use, whether directly or indirectly, any Confidential Information regarding
the Company.  “Confidential Information” shall mean information about the
Company, its subsidiaries and affiliates, and their respective clients and
customers that is not available to the general public or that does not otherwise
become available to the general public, and that was learned by Executive in the
course of his engagement by the Company, including, without limitation, any
data, formulae, methods, information, proprietary knowledge, trade secrets and
client and customer lists and all papers, resumes, records and other documents
containing such Confidential Information.  Executive acknowledges that such
Confidential Information is specialized, unique in nature and of great value to
the Company, and that such information gives the Company a competitive
advantage.  Upon the termination of his engagement, Executive will promptly
deliver to the Company all documents, maintained in any format, including
electronic or print, (and all copies thereof) in his possession containing any
Confidential Information.

9.2           Right to Company Materials.   Executive agrees that all patents,
copyrights, designs, lists, materials, books, files, reports, correspondence,
records, and other documents (“Company Material”) used, prepared, or made
available to Executive, shall be and shall remain the property of the
Company.  Upon the termination of his engagement and/or the expiration of this
Agreement, all Company Materials shall be returned immediately to the Company,
and Executive shall not make or retain any copies thereof.

9.3           Non-solicitation.  Executive understands and agrees that in the
course of engagement with the Company, Executive will obtain access to and/or
acquire Company trade secrets, including Confidential Information, which are
solely the property of the Company.  Therefore, to protect such trade secrets,
Executive promises and agrees that during the term of this Agreement, and for a
period of two years thereafter, he will not solicit or assist or instruct others
in soliciting any employees of the Company or any of its present or future
subsidiaries or affiliates.  Executive further promises and agrees that during
the term of this Agreement, and for a period of two years thereafter, he will
not use Confidential Information to solicit or assist or instruct others in
soliciting any customers or suppliers of the Company or any of its present or
future subsidiaries or affiliates, to divert their engagement or business to or
with any individual, partnership, firm, corporation or other entity then in
competition with the business of the Company or any of its subsidiaries or
affiliates.
 
 
 

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9.4           Non-disparagement.  Except for statements of fact, internal
Company communications relating to the performance of the Company, disclosures
required under applicable law or in connection with any legal proceedings with
respect to which Executive is a party or witness, Executive will not make any
disparaging remarks regarding the Company at any time during or after the
termination of his engagement with the Company.  Except for statements of fact,
internal communications relating to the performance of Executive, and
disclosures required under applicable law or in connection with any legal
proceedings with respect to which the Company is a party or witness, the Company
will not make any disparaging remarks regarding Executive at any time during or
after the termination of his engagement with the Company.

10.           Notice.  For the purpose of this Agreement, notices and all other
communications provided for in this Agreement shall be in writing and shall be
deemed to have been duly given when delivered or when mailed by United States
certified or registered mail, return receipt requested, postage prepaid,
addressed to the respective addresses set forth below, or to such other
addresses as either party may have furnished to the other in writing in
accordance herewith, exception that notice of a change of address shall be
effective only upon actual receipt:
 

Company:   Phototron Holdings, Inc.     20259 Ventura Boulevard     Woodland
Hills, California 91364     Attention:  Board of Directors       Executive:  
Douglas Braun

 
11.           Amendments or Additions.  No amendment or additions to this
Agreement shall be binding unless in writing and signed by all parties hereto.

12.           Section Headings.  The section headings used in this Agreement are
included solely for convenience and shall not affect, or be used in connection
with, the interpretation of this Agreement.

13.           Severability.  The provisions of this Agreement shall be deemed
severable and the invalidity or unenforceability of any provision shall not
affect the validity or enforceability of the other provisions hereof.

14.           Counterparts.  This Agreement may be executed in counterparts
(including via facsimile or in PDF format), each of which shall be deemed to be
an original, but both of which together will constitute one and the same
instrument.
 
 
 

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15.           Arbitration.  Except as provided herein, any controversy or claim
arising out of or relating in any way to this Agreement or the breach thereof,
or Executive’s engagement and any statutory claims including all claims of
discrimination shall be subject to private and confidential arbitration in Los
Angeles County, California in accordance with the laws of the State of
California.  The arbitration shall be conducted before a sole arbitrator (the
“Arbitrator”) selected from Judicial Arbitration & Mediation Services, Inc. or
its successor (“JAMS”) and conducted pursuant to JAMS’ Employment Arbitration
Rules (the “Rules”), or if JAMS is no longer providing arbitration services,
such arbitrator shall be selected by the Company, and shall be conducted in
accordance with the provisions of applicable law as the exclusive remedy of such
dispute.  The Company and Executive shall each pay one-half of the arbitration
fees.  Each party shall have the right to conduct discovery including
depositions, requests for production of documents and such other discovery as
permitted under the Rules or ordered by the arbitrator.  The statute of
limitations or any cause of action shall be that prescribed by law.  The
arbitrator shall have the authority to award any damages authorized by law for
the claims presented including punitive damages and shall have the authority to
award reasonable attorney’s fees to the prevailing party in accordance with
applicable law.  The decision of the arbitrator shall be final and binding on
all parties and shall be the exclusive remedy of the parties.  The award shall
be in writing in accordance with the Rules, and shall be subject to judicial
enforcement in accordance with California law.  Notwithstanding anything to the
contrary contained in this Section 15, nothing herein shall prevent or restrict
the Company or Executive from seeking provisional injunctive relief from any
forum having competent jurisdiction over the parties.

16.           Miscellaneous.  No provision of this Agreement may be waived or
discharged unless such waiver or discharge is agreed to in writing and signed by
Executive and such officer as may be specifically designated by the Company’s
Board of Directors.  No waiver by either party hereto at any time of any breach
by the other party hereto of, or compliance with, any condition or provision of
this Agreement to be performed by such other party shall be deemed a waiver of
similar or dissimilar provisions or conditions at the same or at any prior or
subsequent time.  No agreements or representations, oral or otherwise, express
or implied, with respect to the subject matter hereof have been made by either
party which are not expressly set forth in this Agreement.  The validity,
interpretation, construction and performance of this Agreement shall be governed
by the laws of the State of California without regard to its conflicts of law
principles.
 
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IN WITNESS WHEREOF, each of the parties hereto has executed this Executive
Services Agreement on the date first indicated above.
 

  PHOTOTRON HOLDINGS, INC.          
 
By:
/s/ Brian B. Sagheb           Brian B. Sagheb       Chief Financial Officer    
     

  EXECUTIVE:          
 
By:
/s/ Douglas Braun       Douglas Braun