0001437749-11-006354 Sample Contracts

SECURITY AGREEMENT
Security Agreement • August 24th, 2011 • Phototron Holdings, Inc. • Glass products, made of purchased glass • California

This SECURITY AGREEMENT (the “Agreement”) is made as of the 23rd day of August, 2011 (the “Effective Date”), by and among Phototron Holdings, Inc., a Delaware corporation (the “Borrower”), Growlife, Inc., a Delaware corporation (“Growlife”), Phototron, Inc., a California corporation (“Phototron” and together with Borrower and Growlife, the “Debtors”), and W-Net Fund I, L.P. (the “Secured Party”).

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INTELLECTUAL PROPERTY SECURITY AGREEMENT
Intellectual Property Security Agreement • August 24th, 2011 • Phototron Holdings, Inc. • Glass products, made of purchased glass

This Intellectual Property Security Agreement is entered into as of August 23, 2011, by and among W-Net Fund I, L.P. (“Secured Party”) and Phototron Holdings, Inc., Growlife, Inc. and Phototron, Inc. (each a “Grantor”).

INTELLECTUAL PROPERTY SECURITY AGREEMENT
Intellectual Property Security Agreement • August 24th, 2011 • Phototron Holdings, Inc. • Glass products, made of purchased glass

This Intellectual Property Security Agreement is entered into as of August 23, 2011, by and between Brian B. Sagheb (“Secured Party”) and Phototron Holdings, Inc., Growlife, Inc. and Phototron, Inc. (each a “Grantor”).

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