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On December 30, 2017, ApplianceSmart Holdings Inc. ("ASH") entered into a Stock Purchase Agreement (the "Agreement") with Appliance
Recycling Centers of America, Inc. (now JanOne Inc.) (the "Seller") and
ApplianceSmart, Inc. ("ApplianceSmart"), a subsidiary of the Seller.
Customer Connexx LLC, a wholly-owned subsidiary of JanOne Inc.
(previously Appliance Recycling Centers of America, Inc.),
sub-leases get in touch with centre house from Live Ventures Incorporated
in Las Vegas, Nevada. On July 10, 2020, Live Ventures executed a promissory take note (the "Spriggs Promissory Note")
in favor of Spriggs Investments LLC ("Spriggs Investments"), a limited legal responsibility firm whose sole member is Rodney
Spriggs, the President and Chief Executive Officer of Vintage Stock, Inc.,
a wholly-owned subsidiary of Live Ventures,
that memorializes a personal loan by Spriggs Investments to
Live Ventures in the preliminary principal sum of
$2. million (the "Spriggs Loan"). On April 25, 2018, ASH sent to the
Seller that certain Promissory Note (the "ApplianceSmart Note") in the original principal volume
of approximately $3.9 million, (the "Original Principal Amount"), as these amount of money may possibly be
adjusted for every the terms of the ApplianceSmart Note.
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