EXHIBIT 10.3(a)

 

SIGEFI VENTURES GESTION

  CREDIT LYONNAIS   VIVERIS

139, rue Vendôme, 69006 Lyon

  43/47, av. de la Gde Armée   6 allée Turcat Méry     PARIS (75116)   13008
Marseille

 

   

EADS Telecom

   

rue Jean-Pierre Timbaud

   

78180 Montigny-le-Bretonneux

   

BNP-Paribas Développement

   

20 rue Chauchat

   

75009 Paris

   

LoJack Corporation

   

société de droit de l’Etat du

   

Massachusetts, immatriculée sous le

   

numéro (FED ID) 04-2664794

   

Paris, July 28, 2003

Re. : Traqueur SA

 

Dear Sirs,

 

We hereby inform you, in accordance with clause 3.2 of the agreement entered
into between the shareholders of Traqueur SA on November 26, 2001, that we
intend, subject to (i) approval of the proposed transfer notified hereof by our
respective “comités d’investissement” and (ii) the deliverance of the shares
that we subscribed today within the context of the 15,000 share issuance
approved by the shareholders meeting held today, to transfer 400 shares of
Traqueur SA to Tracker Network UK for an aggregate purchase price of € 40,000
(forty thousand euros).

 

Please confirm us, by counter-signing this letter, that you do not intend to
exercise your pre-emption right on such transfer.

 

Best regards,

 

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Sigefi Ventures Gestion

 

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   Credit Lyonnais

 

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Viveris

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EADS Telecom

 

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   BNP-Paribas Développement

 

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LoJack Corporation

 

Copy to :            Tracker Network UK

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Schedule to Form of Letter Agreement

 

The following executed a variation of the Form of Letter Agreement with any
material differences noted below:

 

Letter executed on behalf of

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Number of shares to be transferred

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Consideration

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Comments

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Siegefi Ventures Gestion

 

170

 

€17,000

  Letter included information regarding the accounts from which the 170 shares
would be transferred.

Credit Lyonnais

 

80

 

€8,000

 

Letter dated July 30, 2003.

Viveris

 

150

 

€15,000

   

EADS

 

N/A

 

N/A

   

BNP-Paribas Devleoppement

 

N/A

 

N/A

  Letter omitted sections (i) and (ii).