Item  1.01. Entry into a Material Definitive Agreement.

Effective November 1, 2006, TASER International, Inc. (the “Company”) and JPMorgan Chase Bank, N.A. (the “Bank”) entered into an Amendment to Credit Agreement dated as of October 31, 2006 (the “Amendment”), which amends Section 5.2(B) of the Credit Agreement dated June 22, 2004 (the “Original Agreement”) between the Company and the Bank in order to permit the Company to acquire shares of its capital stock or other securities in an amount not to exceed $10,000,000 in the aggregate (inclusive of $2,200,000 acquired prior to the date of the Amendment, leaving $7,800,000 in the aggregate that may be acquired under this exception following the date of the Amendment) without the consent of the Bank. In addition, pursuant to the Amendment, the Bank waived the Company’s prior violation of Section 5.2(B) of the Original Agreement and any default caused thereby, which violation was caused by the Company’s acquisition of its capital stock in an amount equal to $2,200,000 in the aggregate.

This brief description of the Amendment is qualified by reference to the Amendment to Credit Agreement attached as Exhibit 10.17 to this report.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.				Description
10.17				Amendment to Credit Agreement dated as of October 31, 2006

SIGNATURES

     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.

EXHIBIT INDEX

Exhibit No.				Description
10.17				Amendment to Credit Agreement dated as of October 31, 2006