NOTE

ORGANIZATION AND DESCRIPTION OF BUSINESS

Concierge Technologies, Inc., (the “Company” or “Concierge”), a Nevada corporation, was originally incorporated in California on

August

18,

1993

as Fanfest, Inc. On

March

20,

2002,

the Company changed its name to Concierge Technologies, Inc. The Company

’s principal operations include Wainwright Holdings, Inc. a Delaware corporation (“Wainwright”). Wainwright is a holding company that currently holds both United States Commodity Funds LLC (“USCF”), a registered commodity pool operator with the Commodity Futures Trading Commission (the "CFTC"), and USCF Advisers LLC (“Advisers”), an investment adviser registered under the Investment Advisers Act of

1940,

as amended; Gourmet Foods, Ltd. (“Gourmet Foods”), a manufacturer and distributor of meat pies in New Zealand; Brigadier Security Systems

(2000)

Ltd. (“Brigadier”), a provider of security alarm installation and monitoring located in Canada; and

Kahnalytics, Inc. a California corporation (“Kahnalytics”), providing vehicle-based live streaming video and event recording to online subscribers.

Organization and Business Overview

May

26,

2015,

a new wholly-owned subsidiary of Concierge

named Kahnalytics was established in the State of California for the purpose of taking on the segment of the business retained in the spinoff of Janus Cam and to direct resources towards the further development of data processing capabilities intended for risk management used by vehicle insurance companies. As of

September

30,

2016,

Kahnalytics ended its sale of camera hardware to insurance companies and began providing an online platform where subscribers to the Kahnalytics Fleet Management Service ("FMS") can track their vehicles, view event video clips, see programmable alert functions and use the live-streaming function to operate in-vehicle cameras in real time.

August

11,

2015,

Concierge acquired all of the issued and outstanding stock in Gourmet Foods, a New Zealand corporation

located in Tauranga, a commercial-scale manufacturer of New Zealand meat pies under the brand names "Ponsonby Pies" and "Pat's Pantry". Gourmet Foods distributes its products through major grocery store chains, convenience stores, small restaurants and gasoline station markets. The purchase price of

$1.75

million was paid in cash.

June

2016,

Concierge acquired all of the issued and outstanding stock in Brigadier, a Canadian corporation

located in Saskatoon, Saskatchewan. Brigadier sells and installs alarm monitoring and security systems to commercial and residential customers under brand names "Brigadier Security Systems" and "Elite Security" throughout the province of Saskatchewan with offices in Saskatoon and Regina. The purchase price of

$1.54

million was paid in cash.

December

2016,

Concierge acquired all of the issued and outstanding stock in Wainwright

, a Delaware corporation, controlled as a group by our CEO and majority shareholder Nicholas Gerber together with affiliated shareholder Scott Schoenberger. Wainwright, through its subsidiaries, operates

investment funds in the commodities market and

two

exchange traded funds ("ETFs") in the equity market with a total of approximately

$4.3

billion in assets under management as of

March

31,

2017.

Wainwright earns revenues from contractual agreements providing investment management and advisory services charged against the funds. The purchase price was paid in a stock-for-stock exchange whereby the sellers of Wainwright shares received in the aggregate a total of

818,799,976

shares of our common stock and

9,354,119

shares of our Series B Voting, Convertible, Preferred stock.