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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="text-underline-style: double"><U>&#9;</U></FONT></P>

<P STYLE="font: bold 14pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 12pt">_____________________________</P>

<P STYLE="font: bold 16pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">FORM 8-K</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">CURRENT REPORT<BR>
PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">Date of Report:</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(Date of earliest event reported)</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><FONT STYLE="text-underline-style: none">July
23, 2012</FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">____________________________</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PHOTOTRON HOLDINGS, INC.</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0.25in; text-align: center">(Exact name of registrant as specified
in charter)</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-underline-style: none">Delaware</FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">(State or other Jurisdiction of Incorporation
or Organization)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>0-50385</B></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 2.9pt; text-align: center">(Commission File Number)</P></TD>
    <TD STYLE="width: 39%; font: 12pt Times New Roman, Times, Serif; padding-right: 6pt; padding-bottom: 2.9pt; padding-left: 6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 33%; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>84-1588927</B></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 2.9pt; text-align: center">(IRS Employer Identification No.)</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 6pt; padding-bottom: 2.9pt; padding-left: 6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>717 E. Gardena Blvd.</B></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Gardena, California 90248</B></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 2.9pt; text-align: center">(Address of Principal Executive Offices
        and zip code)</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 6pt; padding-bottom: 0.25in; padding-left: 6pt; text-align: center">&nbsp;</TD></TR>
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<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-underline-style: none">(818)
992-0200</FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">(Registrant&rsquo;s telephone<BR>
number, including area code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">[ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange
Act (17 CFR 240.14a-12(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><FONT STYLE="font-family: TimesNewRoman,serif">[ ] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="text-underline-style: double"><U>&#9;</U></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Item 1.01&#9;<U>Entry into a Material Definitive
Agreement</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"><I>Asset Purchase
Agreement</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">On July 23, 2012,
Phototron Holdings, Inc. (the &ldquo;<B><I>Company</I></B>&rdquo;) completed the purchase of substantially all of the assets (the
&ldquo;<B><I>Assets</I></B>&rdquo;) of Donna Klauenburch and Tao Klauenburch (&ldquo;<B><I>Tao</I></B>&rdquo;), general partners
doing business as Greners.com (collectively, &ldquo;<B><I>Greners</I></B>&rdquo;), related to the online retail business currently
operated by Greners, pursuant to the terms of an Asset Purchase Agreement entered into by the parties on July 23, 2012 (the &ldquo;<B><I>Asset</I></B>
<B><I>Purchase Agreement</I></B>&rdquo;). The Assets included equipment, finished goods, materials and supplies, contract rights,
trademarks, domain names and implemented and operational components of software. In addition, the Company assumed certain of Greners&rsquo;
liabilities which included Greners&rsquo; liabilities and obligations under its contracts and all express and implied warranties
related to any materials supplied by Greners prior to the closing date.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">In consideration
for the Assets, the Company agreed to pay to Greners an aggregate of $450,000. Of the purchase price, $250,000 was paid in cash
on the closing date and the remaining portion of the purchase price was paid in the form of a Secured Promissory Note (the &ldquo;<B><I>Note</I></B>&rdquo;)
issued by the Company to Greners in the original principal amount of $200,000.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The foregoing summary
of the Asset Purchase Agreement is qualified in its entirety by reference to the actual agreement attached hereto as Exhibit 2.1.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"><I>Secured Promissory
Note and Security Agreement</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">In accordance with
the Asset Purchase Agreement, on July 23, 2012, the Company issued the Note to Greners. The original principal amount of the Note
is $200,000 and pays 7% interest per annum. The Note is payable in installments of principal and interest in the amount of $52,206.47
on each of October 23, 2012, January 23, 2013, April 23, 2013 and July 23, 2013. The remaining outstanding principal balance and
unpaid accrued interest is due and payable on July 23, 2013. If there is an uncured event of default, Greners may declare the entire
principal and accrued interest amount immediately due and payable. Interest shall accrue on any principal amount past due at the
rate equal to the lower of 10% per annum and the maximum amount allowed by law.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&#9;On July 23,
2012, the Company also entered into a Security Agreement (the &ldquo;<B><I>Security Agreement</I></B>&rdquo;) with Greners, pursuant
to which, all of the Company&rsquo;s obligations under the Note were secured by first priority security interests in all of the
Company&rsquo;s assets, including intellectual property. Upon an event of default under the Note or the Security Agreement, Greners
may be entitled to foreclose on any of such assets or exercise other rights available to a secured creditor under California law.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The foregoing summaries
of the Note and Security Agreement are qualified in their entirety by reference to the actual agreements attached hereto as Exhibits
10.1 and 10.2, respectively.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"><I>Software Rights
Agreement</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">In accordance with
the Asset Purchase Agreement, on July 23, 2012, the Company entered into a Software Rights Agreement (the &ldquo;<B><I>Software
Rights Agreement</I></B>&rdquo;) with Greners and Dennis Kuznetsov, a 50% owner of certain app engine components of the software
portion of the Assets (&ldquo;<B><I>DK</I></B>&rdquo;), pursuant to which, DK agreed not to use such Assets for any purpose that
competes, directly or indirectly, with the Company&rsquo;s online sales of hydroponic and indoor gardening equipment and supplies.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The foregoing summary of
the Software Rights Agreement is qualified in its entirety by reference to the actual agreement attached hereto as Exhibit 10.3.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Noncompetition, Nonsolicitation and Nondisclosure
Agreement</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">In accordance with
the Asset Purchase Agreement, on July 23, 2012, the Company entered into a Noncompetition, Nonsolicitation and Nondisclosure Agreement
(the &ldquo;<B><I>Noncompetition Agreement</I></B>&rdquo;) with Tao, pursuant to which, Tao agreed to certain noncompetition, nonsolicitation
and nondisclosure provisions for a 5-year period. The term of the Noncompetition Agreement will be decreased to 2 years upon the
termination of any employment of Tao with the Company. The Noncompetition Agreement will terminate upon an event of default by
the Company under the Security Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The foregoing summary of
the Noncompetition Agreement is qualified in its entirety by reference to the actual agreement attached hereto as Exhibit 10.4.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Item 2.01&#9;<U>Completion of Acquisition
or Disposition of Assets</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Reference is made to the
disclosure in Item 1.01 of this Current Report on Form 8-K, which disclosure is incorporated herein by reference.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -1in"><B>Item 2.03&#9;<U>Creation
of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Reference is made to the
disclosure in Item 1.01 of this Current Report on Form 8-K, which disclosure is incorporated herein by reference.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Item 9.01&#9;<U>Financial Statements and
Exhibits</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Financial statements of business acquired</U>. The financial statements required by this item are not included in this
Current Report on Form 8-K and will be filed with the Securities and Exchange Commission (the &ldquo;SEC&rdquo;) no later than
71 calendar days after the date this Current Report on Form 8-K is required to be filed.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Pro forma financial information</U>. The pro forma financial information required by this item is not included in this
Current Report on Form 8-K and will be filed with the SEC no later than 71 calendar days after the date this Current Report on
Form 8-K is required to be filed.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(c)</TD><TD STYLE="text-align: justify"><U>Shell company transactions</U>. Not applicable.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(d)</TD><TD STYLE="text-align: justify"><U>Exhibits</U>.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in">2.1</TD><TD STYLE="text-align: justify">Asset Purchase Agreement, dated July 23, 2012, by and among Phototron Holdings, Inc., Donna Klauenburch
and Tao Klauenburch.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify; text-indent: -1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in">10.1</TD><TD STYLE="text-align: justify">Secured Promissory Note, dated July 23, 2012, issued by Phototron Holdings, Inc. in favor of Donna
Klauenburch and Tao Klauenburch.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify; text-indent: -1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in">10.2</TD><TD STYLE="text-align: justify">Security Agreement, dated July 23, 2012, by and among Phototron Holdings, Inc., Donna Klauenburch
and Tao Klauenburch.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify; text-indent: -1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in">10.3</TD><TD STYLE="text-align: justify">Software Rights Agreement, dated July 23, 2012, by and among Phototron Holdings, Inc., Donna Klauenburch,
Tao Klauenburch and Dennis Kuznetsov.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify; text-indent: -1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in">10.4</TD><TD STYLE="text-align: justify">Noncompetition, Nonsolicitation and Nondisclosure Agreement, dated July 23, 2012, by and between
Phototron Holdings, Inc. and Tao Klauenburch.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify; text-indent: -1in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 2in; text-align: left; text-indent: -1in"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">&nbsp;</P>

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<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">SIGNATURES</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 3in"><B>Phototron Holdings, Inc.<BR STYLE="mso-special-character:
line-break">
<BR STYLE="mso-special-character: line-break">
Date: July 27, 2012&#9;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 242pt">By:&#9;<U>/s/ Sterling C. Scott&#9;</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 243.35pt">Sterling C. Scott</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 243.35pt">Chief Executive Officer</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 243.35pt">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/200% Times New Roman Bold; margin: 0 0.5in 0 238.3pt; text-align: center; text-indent: -238.3pt"><B>EXHIBIT
INDEX</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><U>Exhibit Number</U>&#9; <U> Description of Exhibit&#9;&#9;</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 175.7pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 2.5in">2.1</TD><TD STYLE="text-align: justify">Asset Purchase Agreement, dated July 23, 2012, by and among Phototron Holdings, Inc., Donna Klauenburch
and Tao Klauenburch.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 2.5in">10.1</TD><TD STYLE="text-align: justify">Secured Promissory Note, dated July 23, 2012, issued by Phototron Holdings, Inc. in favor of Donna
Klauenburch and Tao Klauenburch.</TD></TR></TABLE>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 2.5in; text-align: justify; text-indent: -2.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top"><TD STYLE="width: 175.5pt">10.2</TD><TD STYLE="text-align: justify">Security Agreement, dated July 23, 2012, by and among Phototron Holdings, Inc., Donna Klauenburch and Tao Klauenburch.</TD></TR></TABLE>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: justify; text-indent: -1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 175.5pt">10.3</TD><TD STYLE="text-align: justify">Software Rights Agreement, dated July 23, 2012, by and among Phototron Holdings, Inc., Donna Klauenburch,
Tao Klauenburch and Dennis Kuznetsov.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 175.5pt">10.4</TD><TD>Noncompetition, Nonsolicitation and Nondisclosure Agreement, dated July 23, 2012, by and between Phototron Holdings, Inc. and
Tao Klauenburch.</TD></TR></TABLE>



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{"company-data": {"conformed-name": "PHOTOTRON HOLDINGS, INC.", "cik": "0001161582", "assigned-sic": "3231", "irs-number": "841588927", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50385", "film-number": "12991390"}, "business-address": {"street1": "717 E. GARDENA BLVD.", "city": "GARDENA", "state": "CA", "zip": "90248", "phone": "818.992.0200"}, "mail-address": {"street1": "717 E. GARDENA BLVD.", "city": "GARDENA", "state": "CA", "zip": "90248"}, "former-company": [{"former-conformed-name": "CATALYST LIGHTING GROUP INC", "date-changed": "20030909"}, {"former-conformed-name": "WENTWORTH III INC", "date-changed": "20011026"}]}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report:
(Date of earliest event reported)
July
23, 2012
____________________________
PHOTOTRON HOLDINGS, INC.
(Exact name of registrant as specified
in charter)
Delaware
(State or other Jurisdiction of Incorporation
or Organization)
0-50385
(Commission File Number)
84-1588927
(IRS Employer Identification No.)
717 E. Gardena Blvd.
Gardena, California 90248
(Address of Principal Executive Offices
        and zip code)
(818)
992-0200
(Registrant's telephone
number, including area code)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange
Act (17 CFR 240.14a-12(b))
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01
Entry into a Material Definitive
Agreement
.
Asset Purchase
Agreement
On July 23, 2012,
Phototron Holdings, Inc. (the "
Company
") completed the purchase of substantially all of the assets (the
"
Assets
") of Donna Klauenburch and Tao Klauenburch ("
Tao
"), general partners
doing business as Greners.com (collectively, "
Greners
"), related to the online retail business currently
operated by Greners, pursuant to the terms of an Asset Purchase Agreement entered into by the parties on July 23, 2012 (the "
Asset
Purchase Agreement
"). The Assets included equipment, finished goods, materials and supplies, contract rights,
trademarks, domain names and implemented and operational components of software. In addition, the Company assumed certain of Greners'
liabilities which included Greners' liabilities and obligations under its contracts and all express and implied warranties
related to any materials supplied by Greners prior to the closing date.
In consideration
for the Assets, the Company agreed to pay to Greners an aggregate of $450,000. Of the purchase price, $250,000 was paid in cash
on the closing date and the remaining portion of the purchase price was paid in the form of a Secured Promissory Note (the "
Note
")
issued by the Company to Greners in the original principal amount of $200,000.
The foregoing summary
of the Asset Purchase Agreement is qualified in its entirety by reference to the actual agreement attached hereto as Exhibit 2.1.
Secured Promissory
Note and Security Agreement
In accordance with
the Asset Purchase Agreement, on July 23, 2012, the Company issued the Note to Greners. The original principal amount of the Note
is $200,000 and pays 7% interest per annum. The Note is payable in installments of principal and interest in the amount of $52,206.47
on each of October 23, 2012, January 23, 2013, April 23, 2013 and July 23, 2013. The remaining outstanding principal balance and
unpaid accrued interest is due and payable on July 23, 2013. If there is an uncured event of default, Greners may declare the entire
principal and accrued interest amount immediately due and payable. Interest shall accrue on any principal amount past due at the
rate equal to the lower of 10% per annum and the maximum amount allowed by law.
On July 23,
2012, the Company also entered into a Security Agreement (the "
Security Agreement
") with Greners, pursuant
to which, all of the Company's obligations under the Note were secured by first priority security interests in all of the
Company's assets, including intellectual property. Upon an event of default under the Note or the Security Agreement, Greners
may be entitled to foreclose on any of such assets or exercise other rights available to a secured creditor under California law.
The foregoing summaries
of the Note and Security Agreement are qualified in their entirety by reference to the actual agreements attached hereto as Exhibits
10.1 and 10.2, respectively.
-
2
-
Software Rights
Agreement
In accordance with
the Asset Purchase Agreement, on July 23, 2012, the Company entered into a Software Rights Agreement (the "
Software
Rights Agreement
") with Greners and Dennis Kuznetsov, a 50% owner of certain app engine components of the software
portion of the Assets ("
DK
"), pursuant to which, DK agreed not to use such Assets for any purpose that
competes, directly or indirectly, with the Company's online sales of hydroponic and indoor gardening equipment and supplies.
The foregoing summary of
the Software Rights Agreement is qualified in its entirety by reference to the actual agreement attached hereto as Exhibit 10.3.
Noncompetition, Nonsolicitation and Nondisclosure
Agreement
In accordance with
the Asset Purchase Agreement, on July 23, 2012, the Company entered into a Noncompetition, Nonsolicitation and Nondisclosure Agreement
(the "
Noncompetition Agreement
") with Tao, pursuant to which, Tao agreed to certain noncompetition, nonsolicitation
and nondisclosure provisions for a 5-year period. The term of the Noncompetition Agreement will be decreased to 2 years upon the
termination of any employment of Tao with the Company. The Noncompetition Agreement will terminate upon an event of default by
the Company under the Security Agreement.
The foregoing summary of
the Noncompetition Agreement is qualified in its entirety by reference to the actual agreement attached hereto as Exhibit 10.4.
Item 2.01
Completion of Acquisition
or Disposition of Assets
.
Reference is made to the
disclosure in Item 1.01 of this Current Report on Form 8-K, which disclosure is incorporated herein by reference.
Item 2.03
Creation
of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
.
Reference is made to the
disclosure in Item 1.01 of this Current Report on Form 8-K, which disclosure is incorporated herein by reference.
Item 9.01
Financial Statements and
Exhibits
.
(a)
Financial statements of business acquired
. The financial statements required by this item are not included in this
Current Report on Form 8-K and will be filed with the Securities and Exchange Commission (the "SEC") no later than
71 calendar days after the date this Current Report on Form 8-K is required to be filed.
-
3
-
(b)
Pro forma financial information
. The pro forma financial information required by this item is not included in this
Current Report on Form 8-K and will be filed with the SEC no later than 71 calendar days after the date this Current Report on
Form 8-K is required to be filed.
(c)
Shell company transactions
. Not applicable.
(d)
Exhibits
.
2.1
Asset Purchase Agreement, dated July 23, 2012, by and among Phototron Holdings, Inc., Donna Klauenburch
and Tao Klauenburch.
10.1
Secured Promissory Note, dated July 23, 2012, issued by Phototron Holdings, Inc. in favor of Donna
Klauenburch and Tao Klauenburch.
10.2
Security Agreement, dated July 23, 2012, by and among Phototron Holdings, Inc., Donna Klauenburch
and Tao Klauenburch.
10.3
Software Rights Agreement, dated July 23, 2012, by and among Phototron Holdings, Inc., Donna Klauenburch,
Tao Klauenburch and Dennis Kuznetsov.
10.4
Noncompetition, Nonsolicitation and Nondisclosure Agreement, dated July 23, 2012, by and between
Phototron Holdings, Inc. and Tao Klauenburch.
-
4
-
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Phototron Holdings, Inc.
Date: July 27, 2012
By:
/s/ Sterling C. Scott
Sterling C. Scott
Chief Executive Officer
-
5
-
EXHIBIT
INDEX
Exhibit Number
Description of Exhibit
2.1
Asset Purchase Agreement, dated July 23, 2012, by and among Phototron Holdings, Inc., Donna Klauenburch
and Tao Klauenburch.
10.1
Secured Promissory Note, dated July 23, 2012, issued by Phototron Holdings, Inc. in favor of Donna
Klauenburch and Tao Klauenburch.
10.2
Security Agreement, dated July 23, 2012, by and among Phototron Holdings, Inc., Donna Klauenburch and Tao Klauenburch.
10.3
Software Rights Agreement, dated July 23, 2012, by and among Phototron Holdings, Inc., Donna Klauenburch,
Tao Klauenburch and Dennis Kuznetsov.
10.4
Noncompetition, Nonsolicitation and Nondisclosure Agreement, dated July 23, 2012, by and between Phototron Holdings, Inc. and
Tao Klauenburch.