Exhibit 10.3(b)

 

LOJACK CORPORATION

société de droit de l’Etat du Massachusetts

immatriculée sous le numéro (FED ID) 04-2664794

 

              SIGEFI VENTURES GESTION    

          139, rue Vendôme, 69006 Lyon

              CREDIT LYONNAIS    

          43/47, av. de la Gde Armée

   

          75116 Paris

              VIVERIS    

          6 allée Turcat Méry

   

          13008 Marseille

   

          Paris, July 28, 2003

 

Re. : Traqueur SA

 

Dear Sirs,

 

Further to your letter dated July 25, 2003, informing us of a contemplated
transfer of 400 shares to Tracker Network UK Ltd, we hereby inform you that, in
accordance with clause 3.2.2(b) of the agreement entered into between the
shareholders of Traqueur SA on November 26, 2001, we exercise our pre-emptive
right on all of the 400 shares of Traqueur SA to be transferred to Tracker
Network UK for an aggregate purchase price of € 40,000 (forty thousand euros).

 

Please confirm, by counter-signing this letter, this share transfer and by
remitting to us the appropriate share transfer form for an aggregate of 400
shares, on the receipt of which we will proceed with the wire-transfer of the
total purchase price, i.e. € 40,000.

 

Best regards,

 

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Sigefi Ventures Gestion

 

  Credit Lyonnais

 

Viveris

/s/ William Duvall

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LoJack Corp.

       

 

Copy to:            Tracker Network UK

   

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