PearTrack Systems Group Limited acquired PearTrack Systems, Ltd. on December 7, 2013. On December 9, 2013, PearTrack Systems Group issued a zero coupon senior secured convertible note to the seven former shareholders of PearTrack Systems, Ltd. (PTUK) in the aggregate sum of $2 million. On December 7, 2013, PearTrack Systems Group issued 2.5 million shares of restricted common stock to seven former shareholders of PTUK.

PearTrack Systems Group Limited completed the acquisition of PearTrack Systems, Ltd. on December 7, 2013.