Item 1.01 Entry into a Material Definitive Agreement.

On April 26, 2023, Track Group, Inc. (the "Company") and Conrent Invest S.A., acting on behalf of its compartment, "Safety 2" ("Conrent"), entered into an amendment to the facility agreement (the "Amendment") originally executed by and between the parties on December 30, 2013, as amended on June 30, 2015, July 19, 2018, February 24, 2019, January 10, 2020 and December 21, 2020 (the "Amended Facility Agreement"), containing certain provisions of the Company's existing $42.864 million unsecured debt facility. The Amendment is effective on April 28, 2023 and extends the maturity date from July 1, 2024 to July 1, 2027 ("Maturity Date"). In addition, the Amendment: (i) amends the applicable interest rate resulting in an escalating interest rate as follows: 4% through July 1, 2024, 5% through July 1, 2025, 5.5% through July 1, 2026 and 6% through the Maturity Date; and (ii) removes section 3.7 "Change of Control" of the Amended Facility Agreement.

In consideration for executing the Amended Facility Agreement, the Company agreed to pay Conrent a total of €225,000 in installments from the date of execution of the Amended Facility Agreement through the Maturity Date.

Disclaimer.

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.




Exhibit No. Description
10.1          Amendment to Facility Agreement by and between Track Group, Inc. and
            Conrent Invest S.A., acting on behalf of its compartment, "Safety 2",
            dated April 26, 2023.
104         Cover Page Interactive Data File (embedded within the Inline XBRL
            document)

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