On December 18, 2017, Concierge Technologies, Inc., a Nevada Corporation (“Concierge”), through its wholly owned subsidiary Kahnalytics, Inc. (“Kahnalytics”), a California corporation, completed the closing of that certain Amended and Restated Asset Purchase Agreement (the “Agreement”), dated November 20, 2017, by and among The Original Sprout, LLC, a California limited liability company (“Original Sprout”) and the members of Original Sprout (the “Sellers”). Pursuant to the Agreement, Kahnalytics purchased all rights, title and interest in the assets and business of Original Sprout, which engages in the manufacture and sale of organic, non-toxic, all natural hair care, bath, skin, and styling products (the “Original Sprout Assets”) in exchange for three million four hundred eighty two thousand one hundred seventy two dollars ($3,482,172) (the “Purchase Price”), after calculating certain downward adjustments, which is subject to further possible downward adjustments after a six-month reconciliation period has elapsed. To ensure the performance of Kahnalytics’ financial responsibilities under the terms of the Agreement, currently with the execution of the Agreement, Concierge agreed to make a loan to Kahnalytics of up to three million seven hundred fifty thousand dollars ($3,750,000) at 0% interest with no maturity date to be used for the Purchase Price. Furthermore, Concierge further agreed to provide a corporate guarantee on a promissory note to Original Sprout guaranteeing the Final Payment of up to $1,250,000 (or such lesser amount remaining of the Purchase Price), which shall be paid to the Sellers within five days after January 1, 2019.

All defined terms not otherwise defined herein shall have the meaning as set forth in the Agreement. The conditions to the Closing as described in Article III and Article VII of Agreement which was filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on November 21, 2017, which is incorporated herein by reference, have been fully satisfied. As such, the transaction closed on December 18, 2017 (the “Closing Date”) following all parties’ compliance with the closing conditions set forth in the Agreement. As a result of the transaction closing, Kahnalytics became the owner of the Original Sprout Assets.

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The foregoing description of the Agreement is not complete and is subject to and qualified in its entirety by reference to the Agreement within Exhibit 10.1 which is attached hereto and incorporated herein by this reference.