Document:

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                                  EXHIBIT 10ll.

                  AMENDMENT NO. 1 TO LOAN AGREEMENT AND CONSENT

        THIS AMENDMENT NO. 1 TO LOAN AGREEMENT AND CONSENT (this "Agreement") is
made as of January 8, 2003, by and among LOJACK CORPORATION, a Massachusetts
corporation, in its capacity as Borrower and in its capacity as Lead Borrower
(in such joint capacities, "LoJack"); LOJACK INTERNATIONAL CORPORATION, a
Delaware corporation ("LoJack International"); LOJACK CORPORATION, as successor
in interest to each of LOJACK OF NEW JERSEY CORPORATION, RECOVERY SYSTEMS, INC.,
LOJACK HOLDINGS CORPORATION, LOJACK OF PENNSYLVANIA, INC., LOJACK RECOVERY
SYSTEMS BUSINESS TRUST and LOJACK ARIZONA, LLC (such predecessors in interest,
collectively, the "Former Borrowers"); VEHICLE RECOVERY SYSTEMS COMPANY, a
corporation organized under the laws of the province of Nova Scotia, Canada;
LOJACK GLOBAL LLC, a Delaware limited liability company, and LOJACK OPERATING
COMPANY, L.P., a Delaware limited partnership (together, the "Additional
Borrowers"); and CITIZENS BANK OF MASSACHUSETTS (the "Lender").

        WHEREAS, LoJack, LoJack International, Vehicle Recovery Systems Company,
the Former Borrowers and the Lender are parties to a certain Loan Agreement,
dated as of June 21, 2002 (the "Loan Agreement") (Capitalized terms defined in
the Loan Agreement and not otherwise defined herein, are used herein as therein
defined.);

        WHEREAS, pursuant to a certain notice of termination and plan of
liquidation, LoJack Recovery Systems Business Trust has been liquidated and
dissolved, and its remaining assets (after payment of the debts, obligations and
contingent liabilities of the trust) have been distributed to LoJack of New
Jersey Corporation, the sole holder of the shares of beneficial interest of said
trust;

        WHEREAS, pursuant to a certain agreement of merger, each of Recovery
Systems, Inc., LoJack Arizona, LLC, LoJack of Pennsylvania, Inc., LoJack
Holdings Corporation and LoJack of New Jersey Corporation have merged with and
into LoJack, with LoJack continuing as the surviving entity, with the result
that as of the date hereof, LoJack is the direct or indirect successor to each
of the Former Borrowers;

        WHEREAS, LoJack desires to make certain Investments in the Additional
Borrowers, which Investments are permissible under the Loan Agreement provided
the Additional Borrowers become Borrowers thereunder;

        WHEREAS, the Additional Borrowers are willing to become Borrowers under
the Loan Agreement, and LoJack has requested and the Lender has agreed that the
Loan Agreement be revised in order to make such Additional Borrowers Borrowers
thereunder and to reflect the fact that each of the Former Borrowers has merged
with and into LoJack;

        NOW, THEREFORE, in consideration of the premises and for other good and
valuable consideration, the receipt and adequacy of which are hereby
acknowledged, the parties hereto agree as follows:

1.      Effective Date. This Agreement and the changes to terms of the Loan
Agreement described in Section 2 hereof and the waivers and consents granted in
Section 3 hereof, shall become effective as of January 1, 2003 (the "Effective
Date"), provided the Lender shall have received the following:

        A.      two copies of this Agreement, duly executed by LoJack, LoJack
                International, Vehicle Recovery Systems Company and the
                Additional Borrowers (collectively, the "Continuing Borrowers");

        B.      an amended and restated Revolving Credit Note (the "Amended
                Note"), substantially in the form of Exhibit B hereto, in the
                principal amount of $10,000,000, payable to the order of the
                Lender, duly executed by the Continuing Borrowers;

        C.      Borrower Certificates, duly executed by each Additional
                Borrower, each substantially in the form annexed to the Loan
                Agreement as EXHIBIT 4:4-2;

        D.      UCC Financing Statements naming each Additional Borrower as
                debtor and the Lender as secured party and having collateral
                descriptions substantially in the form set forth in Section 4-5
                of the Loan Agreement;

        E.      a certificate of the Secretary, Assistant Secretary or other
                appropriate officer of each Additional Borrower, certifying (i)
                that the resolutions of such Additional Borrower attached to
                such certificate, authorizing

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                execution and delivery of this Agreement and the Amended Note,
                have been duly authorized, (ii) that the Certificate of Limited
                Partnership and Agreement of Limited Partnership or Certificate
                of Formation and Limited Liability Company Agreement of such
                Additional Borrower, attached thereto, is a true and correct
                copy thereof and is in full force and effect on the date thereof
                and (iii) as to the identity of officer(s) of such Additional
                Borrower authorized to execute this Agreement and the Amended
                Note and to take all other actions contemplated hereby and
                thereby, and providing signature specimens of such officer(s);
                and

        F.      an opinion letter of Sullivan & Worcester LLP, counsel to
                LoJack, LoJack International and the Additional Borrowers, in
                form reasonably acceptable to, and addressed to, the Lender.

2.      Amendments to Loan Agreement. As of the Effective Date, the Loan
Agreement is modified in the following respects:

        A.      Restatement of Borrowers.

                (i)     Each Additional Borrower shall, for all purposes, become
                        a Borrower under the Loan Agreement and the other Loan
                        Documents and all references to the Borrowers in the
                        Loan Agreement and the other Loan Documents shall be
                        deemed to include a reference to the Additional
                        Borrowers. Each Additional Borrower agrees to be bound
                        by the terms and conditions of the Loan Agreement and
                        the other Loan Documents as if it were originally a
                        Borrower thereunder.

                (ii)    The Former Borrowers shall, for all purposes, cease to
                        be distinct Borrowers under the Loan Agreement and the
                        other Loan Documents and all references to the Former
                        Borrowers therein shall mean and be a reference to
                        LoJack in its capacity as successor in interest thereto.
                        The purpose of the forgoing is to reflect that, pursuant
                        to the mergers described in the recitals to this
                        Agreement, the Former Borrowers have ceased to exist as
                        distinct entities and all rights, powers and privileges,
                        and all debts, duties, restrictions, liabilities and
                        obligations, of such Former Borrowers under the Loan
                        Documents or otherwise have succeeded to LoJack as
                        direct or indirect successor in interest thereto.

                (iii)   The Loan Agreement and the other Loan Documents are
                        amended wherever necessary or appropriate to reflect the
                        modifications set forth in clauses (i) and (ii) above.

        B.      Section 4.4. Section 4.4 of the Loan Agreement is amended by
                inserting the parenthetical "(other than Indebtedness to the
                Lender)" immediately after the first occurrence of the word
                "Indebtedness" therein.

        C.      Section 4.17. Section 4.17 of the Loan Agreement is amended by
                deleting clause (a) thereof in its entirety and substituting
                therefor the following:

                        "(a) any such payments or distributions made by a
                        Borrower to the Lead Borrower or to another Borrower
                        which is a direct or indirect wholly owned subsidiary of
                        the Lead Borrower,".

3.      Consent and Waiver. The Lender consents to the liquidation, dissolution
and mergers described in the recitals to this Agreement and to any Investments
by LoJack in the Additional Borrowers and waives any Default which would
otherwise arise under the Loan Agreement solely as a result thereof.

4.      Original Note. The Lender agrees that upon the Effective Date or, if
later, upon the satisfaction of the conditions for the effectiveness of this
Agreement set forth in Section 1 hereof, it shall return to LoJack the original
Revolving Credit Note by LoJack, LoJack International, the Former Borrowers and
Vehicle Recovery Systems Company to the order of the Lender, dated June 21,
2002, in the principal amount of $10,000,000.

5.      Representations. LoJack represents and warrants to the Lender that it is
the successor in interest to each of the Former Borrowers and, upon giving
effect to the modifications to the Loan Agreement set forth in Section 2 hereof
and the waivers and consents of the Lender set forth in Section 3 hereof:

        A.      no Default shall have occurred and be continuing as of the date
                hereof; and

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        B.      the representations and warranties contained in Article 4 of the
                Loan Agreement are true and correct in all material respects on
                and as of the date hereof (except to the extent that such
                representations and warranties expressly relate to an earlier
                date).

6.      General. The foregoing amendments to the Loan Agreement and the consent
and waiver granted herein are limited as provided herein and do not extend to
any other provisions of the Loan Agreement not specified herein, or to any other
matter. The Loan Agreement, which shall continue in full force and effect as
amended hereby, is hereby ratified and confirmed. This Agreement may be executed
in any number of counterparts with the same effect as if the signatures hereto
were upon the same instrument.

                  [Remainder of page intentionally left blank.]

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        IN WITNESS WHEREOF, THIS AMENDMENT NO. 1 TO LOAN AGREEMENT AND CONSENT
has been executed as an instrument under seal.

                                               Lead Borrower:

                                               LOJACK CORPORATION

                                               By:   /s/ Joseph F. Abely
                                                     ---------------------------
                                               Joseph F. Abely, President

                                               Borrowers:

                                               LOJACK  CORPORATION,  as Borrower
                                               and as successor in interest to
                                               each of the Former Borrowers

                                               By:   /s/ Joseph F. Abely
                                                     ---------------------------
                                               Joseph F. Abely, President

                                               LOJACK INTERNATIONAL CORPORATION

                                               By:   /s/ William R. Duvall
                                                     ---------------------------
                                               William R. Duvall, President

                                               VEHICLE RECOVERY SYSTEMS COMPANY

                                               By:   /s/ Joseph F. Abely
                                                     ---------------------------
                                               Joseph F. Abely, President

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                                               LOJACK GLOBAL LLC

                                               By:   LoJack Corporation,
                                                     ---------------------------
                                               its Sole Member

                                               By:   /s/ Joseph F. Abely
                                                     ---------------------------
                                               Joseph F. Abely, President

                                               LOJACK OPERATING COMPANY, L.P.

                                               By:   LoJack Corporation,
                                                     ---------------------------
                                               its General Partner

                                               By:   /s/ Joseph F. Abely
                                                     ---------------------------
                                               Joseph F. Abely, President

                                               Lender:

                                               CITIZENS BANK OF MASSACHUSETTS

                                               By:   /s/ David Farwell
                                                     ---------------------------
                                               Name:  David Farwell
                                               Title:  Vice President

<PAGE>
                                   Exhibit B

              REVOLVING CREDIT NOTE CITIZENS BANK OF MASSACHUSETTS

Boston, Massachusetts                              as of January 1, 2003
                                          Originally dated June 21, 2002

        FOR VALUE RECEIVED, LOJACK CORPORATION, a Massachusetts corporation with
its principal executive offices at 200 Lowder Brook Drive, Suite 1000, Westwood,
Massachusetts 02090, in its joint capacities as Borrower and as Lead Borrower
(in such joint capacities, the "Lead Borrower") and in its capacity as successor
in interest to each of the Former Borrowers (as hereinafter defined) (in such
successor capacities, the "Successor Borrower"), and each of the following
(collectively, the "Additional Borrowers"): LOJACK INTERNATIONAL CORPORATION
("LoJack International"), a Delaware corporation, LOJACK GLOBAL LLC, a Delaware
limited liability company, LOJACK OPERATING COMPANY, LP, a Delaware limited
partnership, and VEHICLE RECOVERY SYSTEMS COMPANY ("Vehicle Recovery Company"),
a corporation organized under the laws of the province of Nova Scotia, Canada,
jointly and severally, unconditionally promise to pay to the order of CITIZENS
BANK OF MASSACHUSETTS, a Massachusetts state chartered bank with its offices at
28 State Street Boston, Massachusetts 02109 (with any subsequent holder, the
"Lender"), the principal amount of Ten Million Dollars ($10,000,000.00) or the
aggregate unpaid principal balance of loans and advances made by the Lender to
or for the account of the Lead Borrower, the Successor Borrower or the
Additional Borrowers (collectively, the "Borrowers") pursuant to the Revolving
Credit established pursuant to the Loan Agreement dated as of June 21, 2002,
among the Lender, the Lead Borrower, LoJack International, Vehicle Recovery
Company and the Former Borrowers, as amended by Amendment No. 1 to Loan
Agreement and Consent, dated as of January 8, 2003 (as so amended, and as the
same may be further amended, restated or otherwise modified from time to time,
the "Loan Agreement") among the Lender, the Lead Borrower, the Successor
Borrower and the Additional Borrowers, with interest at the rate and payable in
the manner stated therein. Capitalized terms used herein and not otherwise
defined are used herein as defined in the Loan Agreement.

        This is the Amended and Restated Revolving Credit Note (the "Revolving
Credit Note") to which reference is made in the Loan Agreement and is subject to
all terms and provisions of the Loan Agreement. This Revolving Credit Note
amends and restates in its entirety the terms and obligations of the borrowers
under that certain Revolving Credit Note dated June 21, 2002 (the "Preceding
Note"), in the principal amount of $10,000,000, by LoJack Corporation (as agent
and as borrower), LoJack International, Vehicle Recovery Company, LoJack Of New
Jersey Corporation, Recovery Systems, Inc., LoJack Holdings Corporation, LoJack
of Pennsylvania, Inc., LoJack Recovery Systems Business Trust and LoJack
Arizona, LLC (the latter six entities, the "Former Borrowers") to the order of
Citizens Bank of Massachusetts and is issued in

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substitution therefor and is an amendment and replacement thereof. The principal
of, and interest on, this Revolving Credit Note shall be payable as provided in
the Loan Agreement and shall be subject to acceleration as provided therein.

        The Lender's books and records concerning loans and advances pursuant to
the Revolving Credit, the accrual of interest thereon, and the repayment of such
loans and advances, shall be prima facie evidence of the indebtedness hereunder.

        No delay or omission by the Lender in exercising or enforcing any of the
Lender's powers, rights, privileges, remedies, or discretions hereunder shall
operate as a waiver thereof on that occasion nor on any other occasion. No
waiver of any default hereunder shall operate as a waiver of any other default
hereunder, nor as a continuing waiver.

        Each of the Borrowers, and each endorser and guarantor of this Revolving
Credit Note, respectively waives presentment, demand, notice, and protest, and
also waives any delay on the part of the holder hereof. Each assents to any
extension or other indulgence permitted by the Lender with respect to this
Revolving Credit Note or any extension or other indulgence with respect to any
other liability or any collateral given to secure any other liability of any
Borrower or any other person obligated on account of this Revolving Credit Note.

        This Revolving Credit Note shall be binding upon each Borrower, and each
endorser and guarantor hereof, and upon their respective heirs, successors,
assigns, and representatives, and shall inure to the benefit of the Lender. and
its successors, endorsees, and assigns.

        The liabilities of each Borrower, and of any endorser or guarantor of
this Revolving Credit Note, are joint and several, provided, however, the
release by the Lender of any one or more such person, endorser or guarantor
shall not release any other person obligated on account of this Revolving Credit
Note. Each reference in this Revolving Credit Note to each Borrower, any
endorser, and any guarantor, is to such person individually and also to all such
persons jointly. No person obligated on account of this Revolving Credit Note
may seek contribution from any other person also obligated unless and until all
liabilities, obligations and indebtedness to the Lender of the person from whom
contribution is sought have been satisfied in full.

        This Revolving Credit Note is delivered at the offices of the Lender in
Boston, shall be governed by the laws of The Commonwealth of Massachusetts, and
shall take effect as a sealed instrument.

        Each Borrower makes the following waiver knowingly, voluntarily, and
intentionally, and understands that the Lender in the establishment and
maintenance of the Lender's relationship with the Borrowers contemplated by this
Revolving Credit Note, is relying thereon. EACH BORROWER, TO THE EXTENT ENTITLED
THERETO, WAIVES ANY PRESENT OR FUTURE RIGHT OF THAT BORROWER, OR OF ANY
GUARANTOR OR ENDORSER OF THAT BORROWER, OR OF ANY OTHER PERSON LIABLE TO THE
LENDER ON ACCOUNT OF OR IN RESPECT TO THE LIABILITIES, TO A TRIAL BY JURY IN ANY
CASE OR CONTROVERSY IN WHICH THE LENDER IS OR

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BECOMES A PARTY (WHETHER SUCH CASE OR CONTROVERSY IS INITIATED BY OR AGAINST THE
LENDER OR IN WHICH THE LENDER IS JOINED AS A PARTY LITIGANT), WHICH CASE OR
CONTROVERSY ARISES OUT OF, OR IS IN RESPECT TO ANY RELATIONSHIP AMONGST OR
BETWEEN ANY BORROWER, ANY SUCH PERSON AND THE LENDER.

                            [Signature Page Follows]

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        Executed as an instrument under seal as of the date first written above.

                                               Lead Borrower:

                                               LOJACK CORPORATION

                                               By:
                                                     ---------------------------
                                               Name:
                                               Title:

                                               Borrowers:

                                               LOJACK CORPORATION

                                               By:
                                                     ---------------------------

                                               Name:
                                               Title:

                                               LOJACK INTERNATIONAL CORPORATION

                                               By:
                                                     ---------------------------
                                               Name:
                                               Title:

                                               VEHICLE RECOVERY SYSTEMS COMPANY

                                               By:
                                                     ---------------------------
                                               Name:
                                               Title:

                                               LOJACK GLOBAL, LLC

                                               By: LoJack Corporation,
                                                         its Sole Member

                                               By:
                                                     ---------------------------
                                               Name:
                                               Title:

                                               LOJACK OPERATING COMPANY, L.P.

                                               By: LoJack Corporation,
                                                        its General Partner

                                               By:
                                                     ---------------------------
                                               Name:
                                               Title:<PAGE>

                                  EXHIBIT 10mm.

Form of Change of Control Agreement executed by the following executive
officers of the registrant:

   Joseph F. Abely

<PAGE>

Date:
     ------------------------

Employee:

-----------------------------

-----------------------------

-----------------------------

Dear                          :
     -------------------------

        LoJack Corporation, a Massachusetts corporation (the "Company"),
considers the establishment and maintenance of a sound and vital management to
be essential to protecting and enhancing the best interests of the Company and
its shareholders. In this connection, the Company recognizes that, as is the
case with many publicly held corporations, the possibility of a change in
control may arise and that such possibility, and the uncertainty and questions
which it may raise among management, may result in the departure or distraction
of management personnel to the detriment of the Company and its shareholders.
Accordingly, the Board of Directors of the Company (the "Board") has determined
that appropriate steps should be taken to reinforce and encourage the continued
attention and dedication of members of the Company's management to their
assigned duties without distraction in circumstances arising from the
possibility of a change in control of the Company. In particular, the Board
believes it important, should the Company or its shareholders receive a proposal
for transfer of control of the Company, that you be able to assess and advise
the Board whether such proposal would be in, the best interests of the Company
and its shareholders and to take such other action regarding such proposal as
the Board might determine to be appropriate, without being influenced by the
uncertainties our own situation.

        In order to induce you to remain in the employ of the Company, this
letter agreement, which has been approved by the Board, sets forth the severance
benefits which the Company agrees will be provided to you in the event your
employment with the Company is terminated subsequent to a "change in control" of
the Company under the circumstances described below.

        1.      Agreement to Provide Services: Right to Terminate.

                (i)     Except as otherwise provided in paragraph (ii) below,
        the Company or you may terminate your employment at any time, subject to
        the Company's providing the benefits hereinafter specified in accordance
        with the terms hereof.

                (ii)    In the event a tender offer or exchange offer is made by
        a Person (as hereinafter defined) for more than 35% of the combined
        voting power of the Company's outstanding securities ordinarily having
        the right to vote at elections of directors ("Outstanding Company Voting
        Securities"), including shares of common stock ($.01 par value) of the
        Company (the "Stock"), you agree that you will not leave the employ of
        the Company (other than as a result of Disability or upon Retirement, as
        such terms are hereinafter defined) and will render the services
        contemplated in the recitals to this Agreement until such tender offer
        or exchange offer has been abandoned or terminated or a change in
        control of the Company, as defined in Section 3 hereof, has occurred.
        For purposes of this Agreement, the term "Person" shall mean and include
        any individual, corporation, partnership, group, association or other
        "person," as such term is defined in Section 3(a)(9) and as used in
        Section 14(d) of the Securities Exchange Act of 1934 (the "Exchange
        Act"), other than the Company, a wholly-owned subsidiary of the Company
        or any employee benefit plan(s) sponsored by the Company or a subsidiary
        of the Company.

        2.      Term of Agreement. This Agreement shall commence on the date
hereof and shall continue in effect until February 28, 2004; provided, however,
that this Agreement shall continue in effect for a period of twenty-four (24)
months after a change in control of the Company, as defined in Section 3 hereof,
if such change in control shall have occurred during the term of this Agreement.
Notwithstanding anything in this Section 2 to the contrary, this Agreement shall
terminate if you or the Company terminates your employment prior to a change in
control of the Company as provided in Section 1 (i) above.

        3.      Change in Control. For the purposes of this Agreement a "Change
in Control" shall mean:

                (i)     The acquisition by any Person of beneficial ownership
        (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of
        35% or more of either (i) the then outstanding shares of the Stock or
        (ii) the combined voting power of the Outstanding Company Voting
        Securities; provided, however, that the following acquisitions shall not
        constitute a Change of Control: (A) any acquisition directly from the
        Company (excluding an acquisition by virtue of the exercise of a
        conversion privilege), (B) any acquisition by the Company or by any

<PAGE>

        corporation controlled by the Company; (C) any acquisition by any
        employee benefit plan (or related trust) sponsored or maintained by the
        Company or any corporation controlled by the Company; or (D) any
        acquisition by any corporation pursuant to a consolidation or merger,
        if, following such consolidation or merger, the conditions described in
        clauses (i), (ii) and (iii) of subsection (c) of this paragraph are
        satisfied; or

                (ii)    Individuals who, as of the date hereof, constitute the
        Board (the "Incumbent Board") ceasing for any reason to constitute at
        least a majority of the Board; provided, however, that any individual
        becoming a director (other than a director designated by a Person who
        has entered into an agreement with the Company to effect a transaction
        described in clauses (a) or (c) of this Section) subsequent to the date
        hereof whose election, or nomination for election by the Company's
        shareholders, was approved by a vote or resolution of at least a
        majority of the directors then composing the Incumbent Board shall be
        considered as though such individual were a member of the Incumbent
        Board, but excluding, for this purpose, any such individual whose
        initial assumption of office occurs as a result of either an actual or
        threatened election contest (as such terms are used in Rule 14a-1l of
        Regulation 14A promulgated under the Exchange Act) or other actual or
        threatened solicitation of proxies or consents by or on behalf of a
        Person other than the Board; or

                (iii)   Adoption by the Board of a resolution approving an
        agreement of consolidation of the Company with or merger of the Company
        into another corporation or business entity in each case, unless,
        following such consolidation, or merger, (i) more than 60% of,
        respectively, the then outstanding shares of common stock of the
        corporation resulting from such consolidation or merger and/or the
        combined voting power of the then outstanding voting securities of such
        corporation or business entity entitled to vote generally in the
        election of directors (or other persons having the general power to
        direct the affairs of such entity) is then beneficially owned, directly
        or indirectly, by all or substantially all of the individuals and
        entities who were the beneficial owners, respectively, of the Stock and
        Outstanding Company Voting Securities immediately prior to such
        consolidation or merger in substantially the same proportions as their
        ownership, immediately prior to such consolidation or merger, of the
        Stock and Outstanding Company Voting Securities, as the case may be,
        (ii) no Person (excluding the Company, any employee benefit plan (or
        related trust) of the Company or such corporation or other business
        entity resulting from such consolidation or merger and any Person
        beneficially owning, immediately prior to such consolidation or merger,
        directly or indirectly, 35% or more of the Stock or Outstanding Company
        Voting Securities, as the case may be) beneficially owns, directly or
        indirectly, 35% or more of, respectively, the then outstanding shares of
        common stock of the corporation resulting from such consolidation or
        merger and/or the combined voting power of the then outstanding voting
        securities of such corporation or business entity entitled to vote
        generally in the election of its directors (or other persons having the
        general power to direct the affairs of such entity) and (iii) at least a
        majority of the members of the board of directors (or other group of
        persons having the general power to direct the affairs of the
        corporation or other business entity) resulting from such consolidation
        or merger were members of the Incumbent Board at the time of the
        execution of the initial agreement providing for such consolidation or
        merger; provided, that any right to receive compensation pursuant to
        Section 5 below which shall vest by reason of the action of the Board
        pursuant to this subsection (c) shall be divested upon (A) the rejection
        of such agreement of consolidation or merger by the stockholders of the
        Company or (B) its abandonment by either party thereto in accordance
        with its terms; or

                (iv)    Adoption by the requisite majority of the whole Board,
        or by the holders of such majority of stock of the Company as is
        required by law or by the Certificate of incorporation or By-Laws of the
        Company as then in effect, of a resolution or consent authorizing (i)
        the dissolution of the Company or (ii) the sale or other disposition of
        all or substantially all of the assets of the Company, other than to a
        corporation or other business entity with respect to which, following
        the such sale or other disposition, (A) more than 60% of, respectively,
        the then outstanding shares of common stock of such corporation and/or
        the combined voting power of the outstanding voting securities of such
        corporation or other entity to vote generally in the election of its
        directors (or other persons have the general power to direct its
        affairs) is then beneficially owned, directly or indirectly, by all or
        substantially all of the individuals and entities who were the:
        beneficial owners, respectively, of the Stock and Outstanding Company
        Voting Securities immediately prior to such sale or other disposition in
        substantially the same proportion as their ownership, immediately prior
        to such sale or other disposition, of the Stock and/or Outstanding
        Company Voting Securities, as the case may be, (B) no Person (excluding
        the Company and any employee benefit plan (or related trust) of the
        Company or such corporation or other business entity and any Person
        beneficially owning, immediately prior to such sale or other
        disposition, directly or indirectly, 35% or more of the Stock and/or
        Outstanding Company Voting Securities, as the case may be) beneficially
        owns, directly or indirectly, 35% or more of, respectively, the then
        outstanding shares of common stock of such corporation and/or the
        combined voting power of the then outstanding voting securities of such
        corporation or other business entity entitled to vote generally in the
        election of directors (or other persons having the general power to
        direct its affairs), and (C) at least a majority of the members of the
        board of directors or group of persons having the general power to
        direct the affairs of such corporation or

<PAGE>

        other entity were members of the Incumbent Board at the time of the
        execution of the initial agreement of action of the Board providing for
        such sale or other disposition of assets of the Company; provided, that
        any right to receive compensation pursuant to Section 5 below which
        shall vest by reason of the action of the Board or the stockholders
        pursuant to this subsection shall be divested upon the abandonment by
        the Company of such dissolution, or such sale of or other disposition of
        assets, as the case may be.

                Notwithstanding anything in the foregoing to the contrary, no
        change in control shall be deemed to have occurred for purposes of this
        Agreement by virtue of any transaction which results in you, or a group
        of Persons which includes you acquiring, directly or indirectly, 35% or
        more of the combined voting power of the Company's Outstanding Voting
        Securities.

        4.      Termination Following a Change in Control. If any of the events
described in Section 3 hereof constituting a change in control of the Company
shall have occurred, you shall be entitled to the benefits provided in Section 5
hereof upon the termination of your employment with the Company within
twenty-four (24) months after such events, unless such termination is (a)
because of your death, or (b) by reason of Disability or Retirement.

                (i)     Disability. Termination by the company of your
        employment based on "Disability" shall mean termination because of your
        absence from your duties with the Company on a full time basis for one
        hundred twenty (120) consecutive days as a result of your incapacity due
        to physical or mental illness, unless within thirty (30) days after
        Notice of Termination (as hereinafter defined) is given to you following
        such absence you shall have returned to the full time performance of
        your duties.

                (ii)    Retirement. Termination by you or by the Company of your
        employment based on "Retirement" shall mean termination on or after your
        normal retirement date as defined in the Company's Pension Plan (or any
        successor or substitute plan or plans of the Company put into effect
        prior to a change in control) (the "Pension Plan").

                (iii)   Notice of Termination. Any purported termination by the
        Company or by you following a change in control shall be communicated by
        written Notice of Termination to the other party hereto. For purposes of
        this Agreement, a "Notice of Termination" shall mean a notice which
        shall indicate the specific termination provision in this Agreement
        relied upon.

                (iv)    Date of Termination. "Date of Termination" following a
        change in control shall mean (a) if your employment is to be terminated
        for Disability, thirty (30) days after Notice of Termination is given
        (provided that you shall not have returned to the performance of your
        duties on a full-time basis during such thirty (30) day period), (b) if
        your employment is to be terminated by you to the date specified in the
        Notice of Termination, or (c) if your employment is to be terminated by
        the Company, the date specified in the Notice of Termination, which in
        no event shall be a date earlier than ninety (90) days after the date on
        which a Notice of Termination is given, unless an earlier date has been
        expressly agreed to by you in writing either in advance of, or after,
        receiving such Notice of Termination.

        5.      Compensation Upon Termination or During Disability; other
Agreements.

                (i)     During any period following a change in control of the
        Company that you fail to perform your duties as a result of incapacity
        due to physical or mental illness, you shall continue to receive your
        salary at the rate then in effect and any benefits or awards under any
        Plans shall continue to accrue during such period, to the extent not
        inconsistent with such Plans, until your employment is terminated
        pursuant to and in accordance with paragraphs 4(i) and 4 (iii) hereof.
        Thereafter, your benefits shall be determined in accordance with the
        Plans then in effect.

                (ii)    Subject to Section 8 hereof, if, within twenty-four (24)
        months after a change in control of the Company, as defined in Section 3
        above, shall have occurred, your employment by the Company shall be
        terminated (a) by the Company other than for Disability or Retirement,
        or (b) by you for any reason, then the Company shall pay to you, no
        later than the fifth day following the Date of Termination, without
        regard to any contrary provisions of any Plan, the following:

        (A)     (x) your salary through the Date of Termination at the rate in
effect just prior to the time a Notice of Termination is given (or, if higher,
as in effect immediately prior to the change in control) and (y) any benefits or
awards (including both the cash and stock components) which pursuant to the
terms of any Plans have been earned or become payable, but which have not yet
been paid to you; and

<PAGE>

        (B)     you shall receive an amount equal to 1.5 times your calendar
year earnings from the Company, consisting for the purposes of this Agreement of
average base salary during the period consisting of the five (5) most recent
consecutive calendar years (or fewer than 5, if applicable) ending on or before
the date of the change of control, plus the highest bonus paid for any such
year. For purposes of computing payment under this Agreement, compensation for
any partial calendar year, including the year during which a change of control
occurs, shall be annualized, and any bonus shall be considered compensation for
the year to which it is attributable, if different from the year in which it is
paid.

                (iii)   if, within twenty-four (24) months after a change in
        control of the Company, as defined in Section 3 above, shall have
        occurred, your employment by the Company shall be terminated (a) by the
        Company other than for Disability or Retirement or (b) by you, then the
        Company shall maintain in full force and effect, for the continued
        benefit of you and your dependents for a period terminating on the
        earliest of (a) thirty months after the Date of Termination, (b) the
        commencement date of equivalent benefits from a new employer or (c) your
        normal retirement date under the terms of the Retirement Plan, all
        insured and self-insured employee welfare benefit Plans in which you
        were entitled to participate immediately prior to the Date of
        Termination, provided that your continued participation is possible
        under the general terms and provisions of such Plans (and any applicable
        funding media) and you continue to pay an amount equal to your regular
        contribution under such plans for such participation. In the event that
        your participation in any such Plan is barred, the Company, at its sole
        cost and expense, shall arrange to have issued for the benefit of you
        and your dependents individual policies of insurance providing benefits
        substantially similar (on an after-tax basis) to those which you
        otherwise would have been entitled to receive under such Plans pursuant
        to this paragraph (iv) or, if such insurance is not available at a
        reasonable cost to the Company, the Company shall otherwise provide you
        and your dependents with equivalent benefits (on an after-tax basis).
        You shall not be required to pay any premiums or other charges in an
        amount greater than that which you would have paid in order to
        participate in such Plans. If, at the end of three years after the
        Termination Date, you have not reached your normal retirement date, you
        are participating in any of such Plans and you have not previously
        received or are not then receiving equivalent benefits from a new
        employer, the Company shall arrange, at its sole cost and expense, to
        enable you to convert your and your dependents' coverage under such
        Plans to individual policies or programs upon the same terms as
        employees of the Company may apply for such conversions.

                (iv)    Except as specifically provided in paragraph (iii)
        above, the amount of any payment provided for in this Section 5 shall
        not be reduced, offset or subject to recovery by the Company by reason
        of any compensation earned by you as the result of employment by another
        employer after the Date of Termination, or otherwise.

        6.      Successors; Binding Agreement.

                (i)     The Company will seek, by written request at least five
        business days prior to the time a Person becomes a Successor (as
        hereinafter defined), to have such Person assent to the fulfillment of
        the Company's obligations under this Agreement. For purposes of this
        Agreement, "successor" shall mean any Person that succeeds to, or has
        the practical ability to control (either immediately or with the passage
        of time), the Company's business directly, by merger or consolidation,
        or indirectly, by purchase of the Company's voting securities or
        otherwise.

                (ii)    This Agreement shall inure to the benefit of and be
        enforceable by your personal or legal representatives, executors,
        administrators, successors, heirs, distributees, devisees and legatees.
        If you should die while any amount would still be payable to you
        hereunder if you had continued to live, all such amounts, unless
        otherwise provided herein, shall be paid in accordance with the terms of
        this Agreement to your devisee, legatee or other designee or, if there
        be no such designee, to your estate.

                (iii)   For purposes of this Agreement, the "Company" shall
        include any corporation or other entry which is the surviving or
        continuing entity in respect of any merger, consolidation or form of
        business combination in which the Company ceases to exist.

        7.      Fees and Expenses; Mitigation.

                (i)     The Company shall reimburse you, on a current basis, for
        all reasonable legal fees and related expenses incurred by you in
        connection with the Agreement following a change in control of the
        Company, including, without limitation, (a) all such fees and expenses,
        if any, incurred in contesting or disputing any termination of your
        employment or incurred by you in seeking advice with respect to the
        matters set forth in Section 8 hereof or (b) your seeking to obtain or
        enforce any right or benefit provided by this Agreement, in each case,
        regardless of whether or not your claim is upheld by a court of
        competent jurisdiction; provided, however, you shall

<PAGE>

        be required to repay any such amounts to the Company to the extent that
        a court issues a final and non-appealable order setting forth the
        determination that the position taken by you was frivolous or advanced
        by you in bad faith.

                (ii)    You shall not be required to mitigate the amount the
        Company becomes obligated to make to you in connection with this
        Agreement by seeking other employment or otherwise.

        8.      Taxes.

                (i)     All payments to be made to you under this Agreement will
        be subject to required withholding of federal, state and local income
        and employment taxes.

                (ii)    Notwithstanding anything in the foregoing to the
        contrary, if any of the payments provided for in this Agreement,
        together with any other payments which you have the right to receive
        from the Company or any corporation which is a member of an "affiliated
        group" (as defined in Section 1504 (a) of the Internal Revenue Code of
        1986 (the "Code") without regard to Section 1504(b) of the Code) of
        which the Company is a member, would constitute a "parachute payment"
        (as defined in Section 2BOG (b) (2) of the Code), the payments pursuant
        to this Agreement shall be reduced (reducing first the payments under
        Section 5 (iii) (B) ) to the largest amount as will result in no portion
        of such payments being subject to the excise tax imposed by Section 4999
        of the Code; provided, however, that the determination as to whether any
        reduction in the payments under this Agreement pursuant to this proviso
        is necessary shall be made by you in good faith, and such determination
        shall be conclusive and binding on the Company with respect to its
        treatment of the payment for tax reporting purposes.

        9.      Survival. The respective obligations of, and benefits afforded
to, the Company and you as provided in Sections 5, 6 (ii), 7, 8, 13 and 14 of
this Agreement shall survive termination of this Agreement.

        10.     Notice. For the purposes of this Agreement, notices and all
other communications provided for in the Agreement shall be in writing and shall
be deemed to have been duly given when delivered or mailed by United States
registered mail, return receipt requested, postage prepaid and addressed, in the
case of the Company, to the address set forth on the first page of this
Agreement or, in the case of the undersigned employee, to the address set forth
below his signature, provided that all notices to the Company shall be directed
to the attention, of the Vice-President, Human Resources of the Company, with a
copy to Thomas A. Wooters, Sullivan & Worcester LLP, 1 Post Office Square,
Boston, MA 02109, or to such other address as either party may have furnished to
the other in writing in accordance herewith, except that notice of change of
address shall be effective only upon receipt.

        11.     Miscellaneous. No provision of this Agreement may be modified,
waived or discharged unless such modification, waiver or discharge is agreed to
in a writing signed by you and an officer or other person authorized by the
Board to act on its behalf in this matter. No waiver by either party hereto at
any time of any breach by the other party hereto of, or of compliance with, any
condition or provision of this Agreement to be performed by such other party
shall be deemed a waiver of similar or dissimilar provisions or conditions at
the same or at any prior or subsequent time. No agreements or representations,
oral or otherwise, express or implied, with respect to the subject matter hereof
have been made by either party which are not expressly set forth in this
Agreement. The validity, interpretation, construction and performance of this
Agreement shall be governed by the laws of the Commonwealth of Massachusetts.

        12.     Validity. The invalidity or unenforceability of any provision of
this Agreement shall not affect the validity or enforceability of any other
provision of this Agreement, which shall remain in full force and effect.

        13.     Arbitration. Any dispute or controversy arising under or in
connection with this Agreement shall be settled exclusively by arbitration in
Boston, Massachusetts by three arbitrators in accordance with the rules of the
American Arbitration Association then in effect, Judgment may be entered on the
arbitrators' award in any court having jurisdiction; provided, however, that you
shall be entitled to seek specific performance of your right to be paid until
the Date of Termination during the pendency of any dispute or controversy
arising under or in connection with this Agreement. The Company shall bear all
costs and expenses arising in connection with any arbitration proceeding
pursuant to this Section 13.

        14.     Employee's Commitment. You agree that subsequent to your period
of employment with the Company, you will not at any time communicate or disclose
to any unauthorized person, without the written consent of the Company, any
proprietary processes of the Company or any subsidiary or other confidential
information concerning their business, affairs, products, suppliers or customers
which, if disclosed, would have a material adverse effect upon the business or
operations of the Company and its subsidiaries, taken as a whole; it being
understood, however, that the obligations of this Section 14 shall not apply to
the extent that the aforesaid matters (a) are disclosed in circumstances where
you are legally

<PAGE>

required to do so or (b) become generally known to and available for use by the
public otherwise than by your wrongful act or omission.

        15.     Counterparts. This Agreement may be executed in several
counterparts, each of which shall be deemed to be an original but all of which
together will constitute one and the same instrument.

        If this letter correctly sets forth our agreement on the subject matter
hereof, kindly sign and return to the Company the enclosed copy of this letter
which will then constitute our agreement on this subject.

                                               Sincerely,

                                               LOJACK CORPORATION

                                               By:
                                               ------------------------

Agreed to this ____ day of _____

-------------------

Employee

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