On April 1, 2020, Jonathan Bonnette, who has been the President and Chief Executive Officer of Grow Capital, Inc., since July 1, 2018, will transition out of his role as President and Chief Executive Officer and become the Company's Chief Technology Officer and the Chief Executive Officer of the Company's subsidiary, Bombshell Technologies, Inc. The Company's Board of Directors has appointed Terry Kennedy, 43, to succeed Mr. Bonnette as the President and Chief Executive Officer of the Company, effective April 1, 2020. Mr. Kennedy will serve as the President and Chief Executive Officer until his successor is appointed by the Board, or until his earlier resignation, removal or death.