Current Report Filing (8-k)
April 19 2018 - 11:02AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
8-K
Current
Report
Pursuant
to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
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March
27, 2018
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BLOW
& DRIVE INTERLOCK CORPORATION
(Exact
name of registrant as specified in its charter)
Delaware
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000-55053
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46-3590850
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(State
or other
jurisdiction
of incorporation)
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(Commission
File
Number)
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(I.R.S.
Employer
Identification
No.)
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5503
Cahuenga Blvd, #203
Los
Angeles, CA 91601
(Address
of principal executive offices) (zip code)
(877)
238-4492
(Registrant’s
telephone number, including area code)
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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SECTION
1 – Registrant’s Business and Operations
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Item
1.01
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Entry
Into a Material Definitive Agreement
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On
March 27, 2018, we entered into Service Provider Agreement (the “Agreement”) with Satellite Tracking of People, LLC
(“STP”), under which we became a nationwide, non-exclusive distributor of STP’s products. Under the Agreement,
we are allowed to rent STP’s products to customers in all fifty (50) states. STP products are authorized in all fifty (50)
states and we do not need additional authorization to rent the products to customers in any state. STP’s suite of products
relate to ankle bracelet tracking devices, in-home tracking devices, and in-home sobriety testing products, to monitor and track
convicted criminals and pre-adjudicated individuals, such as those suspected of stalking or domestic violence. Under the terms
of the Agreement, for any activated unit we have leased to a customer we will pay STP a fee of between $1.00 to $4.25 per day
per device, depending on the type of device, and we are not limited in the amount we can charge a customer by the Agreement. The
description of the Agreement set forth in this report is qualified in its entirety by reference to the full text of that document,
which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
SECTION
7- Regulation FD
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Item
7.01
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Regulation
FD Disclosure.
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On
April 16, 2018, we issued a press release announcing the signing of the Service Provider Agreement with Satellite Tracking of
People, LLC. A copy of the press release is furnished with this Current Report as
Exhibit 99.1
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The
information in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed
to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), or otherwise subject to liability under such section, nor shall it be deemed incorporated by reference in any of
our filings under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language
in such filing, unless expressly incorporated by specific reference in such filing.
SECTION
9 – Financial Statements and Exhibits
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Item
9.01
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Financial
Statements and Exhibits
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(d)
Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Dated:
April 19, 2018
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Blow
& Drive Interlock Corporation
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a
Delaware corporation
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/s/
Laurence Wainer
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By:
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Laurence
Wainer
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Its:
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Chief
Executive Officer and Chief Financial Officer
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