Item 8.01 Other Events.

On June 10, 2022 (the "Effective Date"), Track Group, Inc. (the "Company") entered into a Settlement Agreement and Mutual Release (the "Agreement") with Eli Sabag ("Sabag,"), Sapinda Asia Limited and Lars Windhorst (together with the Company and Sabag, the "Parties"), whereby the Parties dismissed further legal and equitable issues between or among any of the Parties, including all asserted and existing claims, any related claims, and any potential claims, including those certain "Settled Claims" as defined in the Agreement.

In connection with the Agreement, the Company agreed to pay $1.6 million to Sabag within 14 days of the Effective Date, to be released following confirmation that pending arbitrations and actions between the Parties, as described in the Agreement, have been dismissed, and that certain property, as defined in the Agreement, has been returned to the Company.

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 hereto as Exhibit 10.1, which is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No. Description


  10.1      Settlement Agreement and Mutual Release entered into by the
            Company, Eli Sabag, Sapinda Asia Limited and Lars Windhorst,
            dated June 10, 2022.
            Cover Page Interactive Data File (embedded within the Inline XBRL
104         document)

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