Document:

Third Amendment to Multicurrency Credit Agreement

 Exhibit 10.1 
  
 THIRD AMENDMENT TO MULTICURRENCY CREDIT
AGREEMENT 
  
 This Third Amendment to Credit
Agreement (herein, the “Amendment”) is entered into as of September 23, 2005, among LoJack Corporation, a Massachusetts corporation (the “Parent”), LoJack Exchangeco Canada Inc., a Canadian corporation (the
“Borrowing Subsidiary”) and Boomerang Tracking Inc., a Canadian corporation (“Boomerang” and together with the Borrowing Subsidiary, the “Canadian Borrowers”, the Parent and the Canadian Borrowers,
collectively the “Borrowers” and individually a “Borrower”), the Guarantors party hereto, the Lenders party hereto and Harris N.A., as Administrative Agent for the Lenders. 
  
 PRELIMINARY STATEMENTS 
  
 A. The Borrowers, the Guarantors, the Lenders and the Administrative Agent
entered into a certain Multicurrency Credit Agreement, dated as of October 29, 2004, as amended (the “Credit Agreement”). All capitalized terms used herein without definition shall have the same meanings herein as such terms
have in the Credit Agreement. 
  
 B. The Borrowers have requested
that the Lenders amend Section 8.11 of the Credit Agreement, and the Lenders are willing to do so under the terms and conditions set forth in this Amendment. 
  
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereto agree as follows: 
  
 SECTION 1. AMENDMENT. 
  
 Subject to the satisfaction of the conditions precedent set forth in Section 2 below, Section 8.11 of the Credit Agreement (Dividends and Certain Other Restricted Payments) shall be and hereby is amended and
restated in its entirety to read as follows: 
  
 Section 8.11. Dividends and Certain Other Restricted Payments. The Parent shall not, nor shall it permit any Subsidiary to, (a) declare or pay any dividends on or make any other distributions in respect of any class or
series of its capital stock or other equity interests (other than dividends payable in the Parent’s capital stock) or (b) directly or indirectly purchase, redeem, or otherwise acquire or retire any of its capital stock or other equity
interests or any warrants, options, or similar instruments to acquire the same; provided, however, that the foregoing shall not operate to prevent (i) the making of dividends or distributions by any Subsidiary to the Parent or
(ii) the Parent’s repurchase of its capital stock so long as at the time of making any such repurchase, and after giving effect thereto, there shall not exist any Default or Event of Default. 

 SECTION 2. CONDITIONS PRECEDENT.

  
 The effectiveness of this Amendment is subject to the
satisfaction of all of the following conditions precedent: 
  
 2.1. The Borrowers, the Administrative Agent, and the Lenders shall have executed and delivered this Amendment. 
  
 2.2. Legal matters incident to the execution and delivery of this Amendment shall be satisfactory to the Administrative Agent and its counsel. 

 
 2.3. The Guarantors shall have executed their reaffirmation,
acknowledgment, and consent in the space provided for that purpose below. 
  
 SECTION 3. REPRESENTATIONS. 
  
 In order to induce the Lenders to execute and deliver this Amendment, the Borrowers hereby represent to the Lenders that as of the date hereof the
representations and warranties set forth in Section 6 of the Credit Agreement are and shall be and remain true and correct (except that the representations contained in Section 6.5 shall be deemed to refer to the most recent financial
statements of the Borrowers delivered to the Lenders) and the Borrowers are in compliance with the terms and conditions of the Credit Agreement and no Default or Event of Default has occurred and is continuing under the Credit Agreement or shall
result after giving effect to this Amendment. 
  
 SECTION 4. MISCELLANEOUS. 
  
 4.1. Except as specifically amended herein, the Credit Agreement shall continue in full force and effect in accordance with its original terms. Reference to this specific Amendment need not be made in the Credit Agreement, the Notes, or any
other instrument or document executed in connection therewith, or in any certificate, letter or communication issued or made pursuant to or with respect to the Credit Agreement, any reference in any of such items to the Credit Agreement being
sufficient to refer to the Credit Agreement as amended hereby. 
  
 4.2. The Borrowers agree to pay on demand all costs and expenses of or incurred by the Administrative Agent in connection with the negotiation, preparation, execution and delivery of this Amendment, including the fees and expenses of
counsel for the Administrative Agent. 
  
 4.3. This Amendment may
be executed in any number of counterparts, and by the different parties on different counterpart signature pages, all of which taken together shall constitute one and the same agreement. Any of the parties hereto may execute this Amendment by
signing any such counterpart and each of such counterparts shall for all purposes be deemed to be an original. This Amendment shall be governed by the internal laws of the State of Illinois. 
  
 [SIGNATURE PAGE TO
FOLLOW] 

 This Third Amendment to Multicurrency Credit Agreement is entered into as of the date and year first
above written. 
  

			
	 LOJACK CORPORATION, as Parent and Guarantor

		
	 By
	 	/S/    JOSEPH F. ABELY        
	 Name
	 	Joseph F. Abely
	 Title
	 	President
	
	 LOJACK EXCHANGECO CANADA INC., as a Canadian
Borrower

		
	 By
	 	/S/    RICHARD T. RILEY        
	 Name
	 	Richard T. Riley
	 Title
	 	President
	
	 BOOMERANG TRACKING INC., as a Canadian Borrower and Guarantor

		
	 By
	 	/S/    RICHARD T. RILEY        
	 Name
	 	Richard T. Riley
	 Title
	 	President

  
 Accepted and
agreed to. 
  

			
	 “LENDERS”

	 HARRIS N.A., in its individual capacity as a Lender and as Administrative Agent

		
	 By
	 	/S/    THAD D. RASHE        
	 Name
	 	Thad D. Rashe
	 Title
	 	Vice President
	
	 BANK OF MONTREAL, in its individual capacity as a Lender and as Canadian
Co-Agent

		
	 By
	 	/S/    BEN CIALLELA        
	 Name
	 	Ben Ciallela
	 Title
	 	Vice President

 REAFFIRMATION, ACKNOWLEDGEMENT, AND CONSENT
OF GUARANTORS 
  
 The
undersigned Guarantors heretofore executed and delivered to the Administrative Agent and the Lenders the Credit Agreement (wherein the Guarantors guaranteed the Obligations, Hedging Liability, and Funds Transfer and Deposit Account Liability). The
undersigned hereby consents to the Third Amendment to the Credit Agreement as set forth above and confirms that all obligations of the undersigned under the Credit Agreement remain in full force and effect. The undersigned further agree that the
consent of the undersigned to any further amendments to the Credit Agreement shall not be required as a result of this consent having been obtained. The undersigned acknowledge that the Lenders and the Administrative Agent are relying on the
assurances provided herein in entering into the Amendment set forth above. 
  

			
	 LOJACK INTERNATIONAL CORPORATION

		
	 By
	 	/S/    WILLIAM R. DUVALL        
	 Name
	 	William R. Duvall
	 Title
	 	President
	
	 LOJACK GLOBAL LLC

		
	 By
	 	/S/    RICHARD T. RILEY        
	 Name
	 	Richard T. Riley
	 Title
	 	President
	
	 LOJACK OPERATING COMPANY, L.P.

		
	 By
	 	/S/    RICHARD T. RILEY        
	 Name
	 	Richard T. Riley
	 Title
	 	President
	
	 6292887 CANADA INC.

		
	 By
	 	/S/    RICHARD T. RILEY        
	 Name
	 	Richard T. Riley
	 Title
	 	PresidentSeventh Amendment to the Loan Agreement

 Exhibit 10.2 
  
 SEVENTH AMENDMENT TO LOAN AGREEMENT 
  
 This Seventh Amendment to Loan Agreement (this “Amendment”) is entered into as of June 30, 2005 by and among:

  
 CITIZENS BANK OF MASSACHUSETTS (the
“Lender”) a Massachusetts bank with offices at 28 State Street, Boston, Massachusetts 02109, 
  
 and 
  
 LOJACK CORPORATION (in such capacity, the “Lead Borrower”), a Massachusetts corporation with its principal executive
offices at 200 Lowder Brook Drive, Suite 1000, Westwood, Massachusetts 02090, as agent for the following (individually, a “Borrower” and collectively, the “Borrowers”): 
  
 LOJACK CORPORATION, a Massachusetts corporation with its principal executive
offices at 200 Lowder Brook Drive, Suite 1000, Westwood, Massachusetts 02090, 
  
 LOJACK INTERNATIONAL CORPORATION, a Delaware corporation with its principal executive offices at 200 Lowder Brook Drive, Suite 1000, Westwood, Massachusetts 02090, 
  
 LOJACK GLOBAL LLC, a Delaware limited liability company with its principal
executive offices at 200 Lowder Brook Drive, Suite 1000, Westwood, Massachusetts 02090, 
  
 LOJACK OPERATING COMPANY, L.P., a Delaware limited partnership with its principal executive offices at 200 Lowder Brook Drive, Suite 1000, Westwood, Massachusetts 02090, 
  
 VEHICLE RECOVERY SYSTEMS COMPANY, a corporation organized under the laws of
the province of Nova Scotia, Canada with its principal executive offices at 200 Lowder Brook Drive, Suite 1000, Westwood, Massachusetts 02090. 
  
 in consideration of the mutual covenants contained herein and the benefits to be derived herefrom. Unless otherwise specified herein, all capitalized terms shall have the
same meaning as set forth in the Loan Agreement (as hereinafter defined). 

 W I T N E S S E T H 
  
 WHEREAS, the Borrowers executed and delivered to the Lender a certain Loan Agreement dated June 21, 2002, as amended by a certain First
Amendment to Loan Agreement dated July 30, 2002, as further amended by a certain Second Amendment to Loan Agreement dated November 1, 2002, as further amended by a certain Amendment No. 1 to Loan Agreement and Consent dated
January 8, 2003, as further amended by a certain Third Amendment to Loan Agreement dated January 21, 2003, as further amended by a certain Fourth Amendment to Loan Agreement dated June 8, 2004, as further amended by a certain Fifth
Amendment to Loan Agreement dated October 21, 2004, and as further amended by a certain Sixth Amendment to Loan Agreement dated April 27, 2005 (as amended, the “Loan Agreement”); and 
  
 WHEREAS, the Borrowers and the Lender have agreed to (i) modify various terms of the
Loan Agreement, (ii) acknowledge that the loan facility is a $4,000,000 demand facility and, accordingly, any outstanding loans or advances thereunder shall be repaid upon the Lender’s demand, and (iii) acknowledge that any further
loans and advances made under the facility shall be at the sole discretion of the Lender in each instance; and 
  
 WHEREAS, the Borrowers have determined that this Amendment is in the Borrowers’ best interests. 
  
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows: 
  

	1.	The Borrowers hereby certify to the Lender that, to the best of each Borrower’s knowledge and belief after due inquiry, the representations and warranties contained in the Loan
Agreement are true as of the date hereof. 

  

	2.	The Loan Agreement is hereby amended by deleting Section 2-12 (“Unused Line Fee”) in its entirety. 

  

	3.	The Loan Agreement is hereby amended by deleting Section 2-14 (b) (i) thereof in its entirety and inserting in lieu thereof the following: 

 
 “(i) The aggregate Stated Amount of all L/C’s outstanding does
not exceed Two Million Dollars ($2,000,000.00).” 
  

	4.	The Loan Agreement is hereby amended by deleting the definition of “Applicable Margin” appearing in Article 1 thereof in its entirety and inserting in lieu thereof the
following: 

  
 “ Is one hundred seventy five
basis points (1.75%).” 
  

	5.	The Loan Agreement is hereby amended wherever necessary to reflect the changes described above. 

  

	6.	The Borrowers acknowledge and agree that the Borrowers have no offsets, defenses, claims or counterclaims against the Lender with respect to the Loan Agreement, this Amendment or
any other document, instrument or agreement executed and delivered by the Borrowers to the Lender in connection therewith and, to the extent that the Borrowers have any such offsets, defenses, claims or counterclaims, each Borrower hereby
affirmatively WAIVES any such offsets, defenses, claims or counterclaims and specifically RELEASES the Lender from any such liability on account thereof. 

	7.	This Amendment and all other documents, instruments or agreements executed in connection herewith incorporate all discussions and negotiations between the Borrowers and the Lender,
either expressed or implied, concerning the matters included herein, any statute, custom, or usage to the contrary notwithstanding. No such discussions or negotiations shall limit, modify or otherwise affect the provisions hereof. No modification,
amendment, or waiver of any provision of this Amendment or the Loan Agreement or any provision under any other agreement, document or instrument between the Borrowers and the Lender shall be effective unless executed in writing by the party to be
charged with such modification, amendment or waiver, and if such party be the Lender, then by a duly authorized officer thereof. 

  

	8.	Except as specifically modified herein, the Loan Agreement shall remain in full force and effect as originally written and the Borrowers hereby ratify and confirm all terms and
conditions contained therein. 

  

	9.	This Amendment shall be construed in accordance with and governed by the laws of the Commonwealth of Massachusetts and shall take effect as a sealed instrument.

 IN WITNESS WHEREOF, the parties have hereunto set their hands and seals as of the date first written above.

  

			
	Lead Borrower:
	
	 LOJACK CORPORATION

		
	 By
	 	 
	 	 	Duly Authorized

			
		
	 Print Name:
	 	Keith Farris
	 Title:
	 	Chief Financial Officer
	
	Borrowers:
	
	 LOJACK CORPORATION

			
		
	 By
	 	 

			
	 	 	Duly Authorized
		
	 Print Name:
	 	Keith Farris
	 Title:
	 	Chief Financial Officer
	
	 LOJACK INTERNATIONAL CORPORATION

			
		
	 By
	 	 
	 	 	Duly Authorized

			
		
	 Print Name:
	 	Keith Farris
	 Title:
	 	Chief Financial Officer
	
	 LOJACK GLOBAL LLC

			
		
	 By:
	 	 LOJACK CORPORATION, its sole Member

		
	 By
	 	 
	 	 	Duly Authorized

			
		
	 Print Name:
	 	Keith Farris
	 Title:
	 	Chief Financial Officer

			
	 LOJACK OPERATING COMPANY, L.P.

		
	 By:
	 	 LOJACK CORPORATION, its General Partner

		
	 By
	 	 

			
	 	 	Duly Authorized
		
	 Print Name:
	 	Keith Farris
	 Title:
	 	Chief Financial Officer
	
	 VEHICLE RECOVERY SYSTEMS COMPANY

			
		
	 By
	 	 

			
	 	 	Duly Authorized
		
	 Print Name:
	 	Keith Farris
	 Title:
	 	Chief Financial Officer
	
	Lender:
	
	 CITIZENS BANK OF MASSACHUSETTS

			
		
	 By
	 	 

			
	 	 	Duly Authorized
		
	 Print Name:
	 	Lori B. Leeth
	 Title:
	 	Senior Vice President

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