Track Group, Inc. (OTCMKTS:TRCK) Files An 8-K Entry into a Material Definitive Agreement

Track Group, Inc. (OTCMKTS:TRCK) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.

On January 10, 2020, Track Group, Inc. (the \”Company\”) and Conrent Invest S.A., acting on behalf of its compartment, “Safety 2” entered into an amendment to the facility agreement originally entered into by and between the parties on December 30, 2013, as amended on February 24, 2019 (the “Amended Facility Agreement”), containing certain provisions of the Company\’s existing $30.4 million unsecured debt facility. The latest Amended Facility Agreement extends the maturity date from the earlier of either April 1, 2020 or the date upon which the Outstanding Principal Amount, as defined therein, is repaid by the Company, to July 1, 2021 (the “Maturity Date”). The Amended Facility Agreement also extends the repayment date for all accrued interest to the Maturity Date.
The foregoing description of the Amended Facility Agreement does not purport to be complete and is qualified, in its entirety, by reference to the full text of the Amended Facility Agreement, attached to this Current Report on Form 8-K as Exhibit 10.1 and incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Track Group, Inc. Exhibit
EX-99.1 2 ex10-1.htm ADDITIONAL EXHIBITS Blueprint Exhibit 10.1     THIRD AMENDMENT AGREEMENT     between   Conrent Invest S.A.acting on behalf of its compartment “Safety 2”   as Lender   and   Track Group,…
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About Track Group, Inc. (OTCMKTS:TRCK)

Track Group, Inc. is engaged in manufacturing and leasing of tracking and monitoring solutions to federal, state and local law enforcement agencies, both in the United States and abroad, for the electronic monitoring of offenders and offering data analytics services on a platform-as-a-service (PaaS) business model. The Company deploys offender-based management services that combine global positioning system (GPS) tracking technologies, fulltime around the clock global monitoring capabilities, case management and data analytics. In addition, the Company offers customizable tracking solutions that leverage real-time tracking data, monitoring and analytics capabilities to create end-to-end tracking solutions. The Company’s products and services include devices, operating system software, application software and accessories. Its offerings include ReliAlert XC3, Shadow, TrackerPAL, BACtrack and TrackerPAL Mobile.

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