(Former
name or address, if changed since last report)
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the appropriate box below if the Form 8-K filing is intended to
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under any of the following provisions (see General Instruction A.2.
below):
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CFR 230.425)
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communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
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If an
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Item 1.01 Entry into a Material Definitive Agreement.
On August 7, 2020, Track Group, Inc. (the
“Company”) entered into a forty-one month
Monitoring Services Agreement (the “Agreement”) with Gendarmeria de
Chile, the Republic of Chile’s uniform prison service
(“Gendarmeria”). Pursuant to the
terms of the Agreement, the Company provides Gendarmeria with GPS
monitoring devices, certain services, and software to be used for
offenders ordered into a corrections program by the Chilean courts.
In exchange for the products and services provided by the Company,
Gendarmeria shall make periodic payments, the sum of which shall be
determined based on the duration of use of individual units of
equipment.
The foregoing description of the Agreement does not purport to be
complete, and is qualified in its entirety by reference to the full
text of the Agreement, attached to this Current Report on Form 8-K
as Exhibit 10.1, and incorporated by reference herein. Exhibit 10.1
has been translated into English from its original text in
Spanish.
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
