THIRD AMENDMENT TO MULTICURRENCY
REVOLVING CREDIT AGREEMENT
This THIRD AMENDMENT TO MULTICURRENCY REVOLVING CREDIT AGREEMENT (this “Third
Amendment”) is made and entered into as of the 29th day of March 2013, by and
among LOJACK CORPORATION (“LoJack”), the Subsidiaries listed on Schedule 1 to
the Credit Agreement referred to below (collectively with LoJack, and together
with the other Persons that from time to time become Borrowers pursuant to the
provisions of the Credit Agreement, the “Borrowers”), the Guarantors listed on
Schedule 1 to the Credit Agreement (collectively with the other Persons that
from time to time become Guarantors pursuant to the provisions of the Credit
Agreement, the “Guarantors”), the Lenders listed on Schedule 2 to the Credit
Agreement (collectively, the “Lenders”), RBS CITIZENS, N.A., as Administrative
Agent for itself and each of the other Lenders from time to time party to the
Credit Agreement (the “Administrative Agent”) and Lead Arranger, and TD BANK,
N.A., as Issuing Bank. Capitalized terms used herein without definition shall
have the respective meaning assigned to such terms in the Credit Agreement.
WHEREAS, the Borrowers, the Guarantors, the Lenders and the Administrative Agent
are party to that certain Multicurrency Revolving Credit Agreement, dated as of
December 29, 2009 (as the same has been, and may be further, amended,
supplemented or otherwise modified and in effect from time to time, the “Credit
Agreement”), pursuant to which the Lenders have extended credit to the Borrowers
on the terms set forth therein;
WHEREAS, the Borrowers and the Guarantors have requested certain amendments to
the Credit Agreement, including, but not limited to, the extension of the
Maturity Date until July 31, 2015; and
WHEREAS, the Administrative Agent and the Required Lenders are willing to make
such amendments to the Credit Agreement on the terms set forth herein.
NOW, THEREFORE, in consideration of the foregoing, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows:
I.
AMENDMENTS TO CREDIT AGREEMENT.

Effective as of the Third Amendment Date (as defined below), the Credit
Agreement is hereby amended as follows:
(1)    Amendments to Section 1.1 (Definitions) of the Credit Agreement. Section
1.1 of the Credit Agreement is hereby amended as follows:
(a)    The definition of “Debt Service Coverage Ratio” is hereby amended by
adding the following parenthetical immediately after “Consolidated Capital
Expenditures of such Person for such period”:

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“(excluding Capital Expenditures made by the Borrowers and their Subsidiaries in
an aggregate amount not to exceed $3,500,000 during the term of this Agreement
relating to the Borrowers’ one-time investment in a new enterprise resource
planning system)”
(b)    The definition of “Maturity Date” is hereby amended by deleting the
reference therein to “January 10, 2014” and inserting the following in place
thereof: “July 31, 2015.”
(c)    The following definition of “Third Amendment Date” is hereby inserted in
the correct alphabetical position:
“Third Amendment Date. Means March 29, 2013.”
(2)    Amendment to Section 9.5 (Reserved) of the Credit Agreement. Section 9.5
of the Credit agreement is hereby amended by deleting “[Reserved].” and
inserting the following in place thereof:
“§ 9.5 No 2013 Dividends.
Commencing on the Third Amendment Date and ending on December 31, 2013, LoJack
shall not, without the required consent of the Lenders, directly or indirectly,
declare, order, pay, make or set apart any sum for any dividend, return of
capital, distribution or any other payment and whether in cash, securities or
other property, on account of any Capital Stock of LoJack.”
(3)     Amendment to Section 9.10 (No Stock Repurchase) of the Credit Agreement.
The proviso set forth in Section 9.10 of the Credit Agreement is hereby amended
by (a) deleting the reference therein to “$10,000,000” and inserting the
following in place thereof: “$5,000,000” and (b) deleting the reference therein
to “Second Amendment Date” and inserting the following in place thereof: “Third
Amendment Date”.
(4)    Amendment to Section 10.1 (Debt Service Coverage Ratio) of the Credit
Agreement. Section 10.1 of the Credit Agreement is hereby amended by deleting
the reference therein to “December 31, 2009” and inserting the following in
place thereof: “December 31, 2013”.
(5)    Amendment to Section 10.2 (Funded Debt to EBITDA Ratio) of the Credit
Agreement. Section 10.2 of the Credit Agreement is hereby deleted, and replaced
with the following:
“As at the end of any fiscal quarter commencing with the quarter ending December
31, 2012, the ratio of (a) Consolidated Funded Debt less, solely for the purpose
of calculating covenant compliance with this Section 10.2 and for no other
purpose, unencumbered (other than Liens created pursuant to the Loan Documents)
cash denominated in Dollars and maintained in the United States with RBS
Citizens, N.A. in an amount up to $10,000,000 to (b) Consolidated EBITDA of the
Borrowers for the four (4) consecutive fiscal quarters ending on such date (the
“Funded Debt to EBITDA Ratio”) shall not exceed 2.25:1.00.”

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(6)    New Section 10.5 (Minimum Consolidated EBITDA) of the Credit Agreement.
The following is added to the Credit Agreement as Section 10.5 (Minimum
Consolidated EBITDA) thereof:
“§ 10.5 Minimum Consolidated EBITDA.
As of the end of each fiscal quarter set forth below, Consolidated EBITDA for
the four (4) consecutive fiscal quarters ending on such date shall not be less
than the amount set forth below for such period:
Period Ending
Minimum 
Consolidated EBITDA
March 31, 2013
$3,000,000
June 30, 2013
$4,000,000
September 30, 2013
$5,000,000”

(7)    Amendment to Schedule 2.1 (Authorized Representatives) to the Credit
Agreement. Schedule 2.1 to the Credit Agreement is hereby deleted and replaced
with the restated Schedule 2.1 attached as Annex A hereto.
(8)    Amendment to Exhibit E (Form of Compliance Certificate) to the Credit
Agreement. Exhibit E to the Credit Agreement is hereby deleted and replaced with
the restated Exhibit E attached as Annex B hereto.
II.
CONDITIONS TO EFFECTIVENESS.

This Third Amendment shall become effective when each of the following
conditions is met (the “Third Amendment Date”):
(1)    receipt by the Administrative Agent of this Third Amendment duly and
properly authorized, executed and delivered by each of the respective parties;
(2)    receipt by the Administrative Agent of the letter agreement, dated the
date hereof and in form and substance satisfactory to the Administrative Agent
and the Required Lenders, duly and properly authorized, executed and delivered
by each of the respective parties;
(3)    receipt by the Administrative Agent of certified copies of any amendments
to the charter, articles of incorporation and bylaws (or comparable
organizational documents for the applicable jurisdiction) of the Loan Parties
executed since the Second Amendment Date, if any, certified in each instance by
its Secretary, Assistant Secretary or other duly authorized officer of such Loan
Party;
(4)    receipt by the Administrative Agent of copies of resolutions of the Board
of Directors (or similar governing body) of the Loan Parties authorizing the
execution, delivery and performance of this Third Amendment and the consummation
of the transactions contemplated hereby, together

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with specimen signatures of the persons authorized to execute this Third
Amendment on its behalf, all certified in each instance by its Secretary,
Assistant Secretary or other duly authorized officer of such Loan Party;
(5)    receipt by the Administrative Agent of the certificates of good standing
for each of the Loan Parties (or the substantive equivalent certificates for
Loan Parties outside of the United States) from the office of the secretary of
the state of its incorporation or organization;
(6)    receipt by the Administrative Agent of copies of UCC and other
appropriate search reports (including Intellectual Property) covering, in the
case of each search, the period from the date of the most recent search of that
type delivered to the Administrative Agent through a recent date; and
(7)    receipt by the Administrative Agent (a), for the account of the Lenders,
of an amendment fee equal to $45,000, which fee shall be fully earned when paid
and shall be nonrefundable for any reason whatsoever and (b) such any other fees
due to the Administrative Agent and the Lenders in connection with the Credit
Agreement and this Third Amendment, including all of the Administrative Agent’s
and the Lenders’ reasonable legal fees and expenses incurred in the connection
with the preparation and negotiation of this Third Amendment.
III.
ACKNOWLEDGMENT.

The parties hereto each acknowledge and agree that on May 21, 2012 as permitted
under and in accordance with Section 9.4(c) of the Credit Agreement, LoJack
Operating Company, L.P. (“LoJack Operating Co”), a Borrower, merged with and
into LoJack, with LoJack being the surviving corporation and LoJack, among other
things, assuming the assets of LoJack Operating Co, which assets are subject to
the security interest and Lien of the Administrative Agent, for the benefit of
the Secured Parties, granted pursuant to the Loan Documents. Accordingly, on and
after such merger date, LoJack Operating Co shall no longer be a Borrower under
the Credit Agreement or the other Loan Documents.

IV.
REPRESENTATIONS AND WARRANTIES.

Each of the Borrowers and the Guarantors represents and warrants to the
Administrative Agent and the Lenders as follows:
(1)    The execution, delivery and performance of this Third Amendment and the
transactions contemplated hereby (i) are within the corporate authority of each
Borrower and Guarantor, (ii) have been duly authorized by all necessary
corporate proceedings of each Borrower and Guarantor, (iii) do not conflict with
or result in any breach or contravention of any provision of law, statute, rule
or regulation to which any Borrower or Guarantor is subject or any judgment,
order, writ, injunction, license or permit applicable to any Borrower or any
Guarantor, and (iv) do not conflict with any provision of the governing
documents of any Borrower or Guarantor.
(2)    The execution, delivery and performance of this Third Amendment (and the
Credit Agreement as amended hereby) will result in valid and legally binding
obligations of each Borrower

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and Guarantor enforceable against each of them in accordance with the respective
terms and provisions hereof and thereof, except as enforceability is limited by
bankruptcy, insolvency, reorganization, moratorium or other laws relating to or
affecting generally the enforcement of creditors’ rights and except to the
extent that availability of the remedy of specific performance or injunctive
relief or other equitable remedy is subject to the discretion of the court
before which any proceeding therefor may be brought.
(3)    The execution, delivery and performance by the Borrowers and the
Guarantors of this Third Amendment do not require any approval or consent of, or
filing with, any governmental agency or authority other than those already
obtained, if any.
(4)    The representations and warranties contained in Section 7 of the Credit
Agreement are true and correct in all material respects (if not qualified as to
materiality or Material Adverse Effect) or in any respect (if so qualified) as
of the Third Amendment Date as though made on and as of the Third Amendment
Date, except to the extent that such representations and warranties specifically
refer to an earlier date, in which case they shall be true and correct as of
such earlier date.
(5)    After giving effect to this Third Amendment, no Default or Event of
Default under the Credit Agreement has occurred and is continuing.
V.
MISCELLANEOUS:

(1)    Ratification, Etc. Except as expressly amended hereby, the Credit
Agreement, the other Loan Documents and all documents, instruments and
agreements related thereto are hereby ratified and confirmed in all respects and
shall continue in full force and effect. This Third Amendment and the Credit
Agreement shall hereafter be read and construed together as a single document,
and all references in the Credit Agreement, any other Loan Document or any
agreement or instrument related to the Credit Agreement shall hereafter refer to
the Credit Agreement as amended by this Third Amendment. This Third Amendment
shall constitute a Loan Document for all purposes of the Credit Agreement and
the other Loan Documents.
(2)    Guarantor Consent. Each of the undersigned Guarantors has guaranteed all
of the Obligations under (and as defined in) the Credit Agreement. By executing
this Third Amendment, each of the undersigned Guarantors hereby absolutely and
unconditionally reaffirms to the Lenders that such Guarantor’s Guaranty remains
in full force and effect and covers all Obligations under the Credit Agreement.
In addition, each of the Guarantors hereby acknowledges and agrees to the terms
and conditions of this Third Amendment (including, without limitation, the
making of the representations and warranties and the performance of the
covenants applicable herein).
(3)    Governing Law. THIS THIRD AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS.
(4)    Counterparts. This Third Amendment may be executed in any number of
counterparts and by different parties hereto on separate counterparts, each of
which when so executed

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and delivered shall be an original, but all of which counterparts taken together
shall be deemed to constitute one and the same instrument. This Third Amendment,
to the extent signed and delivered by means of a facsimile machine or other
electronic transmission in which the actual signature is evident, shall be
treated in all manner and respects as an original agreement or instrument and
shall be considered to have the same binding legal effect as if it were the
original signed version thereof delivered in person. At the request of any party
hereto, each other party hereto or thereto shall re-execute original forms
hereof and deliver them to all other parties. No party hereto shall raise the
use of a facsimile machine or other electronic transmission in which the actual
signature is evident to deliver a signature or the fact that any signature or
agreement or instrument was transmitted or communicated through the use of a
facsimile machine or other electronic transmission in which the actual signature
is evident as a defense to the formation of a contract and each party forever
waives such defense.

[Signature Pages Follow]

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IN WITNESS WHEREOF, each of the undersigned has duly executed this Third
Amendment as of the date first set forth above.
BORROWERS:

LOJACK CORPORATION

By:    /s/ Donald R. Peck            
Name: Donald R. Peck
Title: EVP, CFO & Treasurer

LOJACK GLOBAL LLC

                
By:    /s/ Donald R. Peck            
Name: Donald R. Peck
Title: EVP, CFO & Treasurer
                        
LOJACK SAFETYNET, INC.

                
By:    /s/ Donald R. Peck            
Name: Donald R. Peck
Title: EVP, CFO & Treasurer

BOOMERANG TRACKING INC.

By:    /s/ Donald R. Peck            
Name: Donald R. Peck
Title: EVP, CFO & Treasurer

                            
GUARANTOR:

LSC LOCATOR SYSTEMS INTERNATIONAL CORP.

By:    /s/ Donald R. Peck            
Name: Donald R. Peck
Title: EVP, CFO & Treasurer

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LENDERS

RBS CITIZENS, N.A.
as Lender and Administrative Agent

By:      /s/ David J. Bugbee            
Name: David J. Bugbee, CFA
Title: Senior Vice President

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TD BANK, N.A.,
as Lender and Issuing Bank

By:     /s/ Amy LeBlanc Hackett        
Name: Amy LeBlanc Hackett
Title: Senior Vice President

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ANNEX A

Schedule 2.1 to the Credit Agreement

John Barrett
Donald Peck
Elizabeth Marble
Randy Ortiz
Casey Delaney

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ANNEX B

Exhibit E to the Credit Agreement

See Attached.