Document:

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                                                                 Exhibit 4.1

               CERTIFICATE OF DESIGNATIONS OF THE PREFERRED STOCK
                                       OF
                                  I-MANY, INC.
                                TO BE DESIGNATED
                      SERIES A CONVERTIBLE PREFERRED STOCK

     I-many, Inc., a Delaware corporation (the "Corporation"), pursuant to
authority conferred on the Board of Directors of the Corporation by the
Certificate of Incorporation and in accordance with the provisions of Sections
141(f) and 151 of the General Corporation Law of the State of Delaware,
certifies that the Board of Directors of the Corporation, by unanimous written
consent, duly adopted the following resolution:

RESOLVED: That, pursuant to the authority expressly granted to and vested in
          the Board of Directors of the Corporation in accordance with the
          provisions of its Certificate of Incorporation, a series of Preferred
          Stock of the Corporation be and hereby is established, consisting of
          1,700 shares, to be designated "Series A Convertible Preferred Stock"
          (hereinafter "Series A Preferred Stock"); that the Board of Directors
          be and hereby is authorized to issue such shares of Series A Preferred
          Stock from time to time and for such consideration and on such terms
          as the Board of Directors shall determine; and that, subject to the
          limitations provided by law and by the Certificate of Incorporation,
          the powers, designations, preferences and relative, participating,
          optional or other special rights of, and the qualifications,
          limitations or restrictions upon, the Series A Preferred Stock shall
          be as follows:

     Section 1. DESIGNATION, AMOUNT AND PAR VALUE. The series of preferred stock
shall be designated as the Company's Series A Convertible Preferred Stock (the
"PREFERRED STOCK") and the number of shares so designated shall be 1,700. Each
share of Preferred Stock shall have a par value equal to $0.01 per share and a
stated value equal to the sum of $10,000 (the "STATED VALUE"). Capitalized terms
used and not defined elsewhere in this certificate of designation shall have the
respective meanings ascribed to them in Section 5.

     Section 2. VOTING RIGHTS. Except as otherwise provided herein and as
otherwise required by law, the Preferred Stock shall have no voting rights.
However, so long as any shares of Preferred Stock are outstanding, the Company
shall not, without the consent of the holders of a majority of the shares of the
Preferred Stock (each, a "HOLDER") then outstanding, alter or change adversely
the powers, preferences or rights given to the Preferred Stock or alter or amend
this Certificate of Designation (except as otherwise provided in Section 3).

     Section 3. CONVERSION.

     (a)  (i) CONVERSION AT THE OPTION OF HOLDER. Each share of Preferred Stock
shall be convertible into shares of Common Stock at the Conversion Ratio, at the
option of the Holder, at any time and from time to time from and after the
Settlement Date and through the fifth Trading Day following the Settlement Date.
Holders shall effect conversions by providing the Company (with a copy to the
Escrow Agent) with the form of conversion notice attached hereto as EXHIBIT A (a
"HOLDER CONVERSION NOTICE"). The date on which such Holder conversion

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is to be effected (the "HOLDER CONVERSION DATE") shall be the date that such
Holder Conversion Notice is deemed delivered hereunder.

          (ii) CONVERSION AT THE OPTION OF THE COMPANY. If the Floor Price is
less than the Conversion Price in effect without regard to clause (2) of the
definition of Conversion Price and the conditions set forth in the last sentence
of this Section 3(a)(ii) are then satisfied, then each share of Preferred Stock
shall be convertible into shares of Common Stock at the Conversion Ratio, at the
option of the Company, at any time and from time to time from and after the
Settlement Date through the fifth Trading Day following the Settlement Date. The
Company shall effect conversions by providing the Holder (with a copy to the
Escrow Agent) with the form of conversion notice attached hereto as EXHIBIT B (a
"COMPANY CONVERSION NOTICE"). The date on which such Company conversion is to be
effected (the "COMPANY CONVERSION DATE") shall be the date that such Company
Conversion Notice is deemed delivered hereunder. The Company may not deliver a
Company Conversion Notice if (a)(1) the Underlying Shares Registration Statement
is not then effective or the prospectus thereunder is not available for use by
the Holder to resell all of the Underlying Shares; or (b) there are not
sufficient shares of Common Stock authorized and reserved for issuance upon such
conversion; or (c) the Common Stock is not listed or quoted for trading on the
Nasdaq or on a Subsequent Market.

     (b) Not later than three Trading Days after each Holder Conversion Date and
each Company Conversion Date, the Company will deliver to the Escrow Agent for
the benefit of the Holder a certificate or certificates which shall be free of
restrictive legends and trading restrictions (other than those required by
Section 4.1(b) of the Purchase Agreement) representing the number of shares of
Common Stock being acquired upon the conversion of shares of Preferred Stock. A
Holder shall not be required to deliver the original certificate(s) evidencing
the Preferred Stock being converted in order to effect a conversion of such
Preferred Stock. Execution and delivery of a Holder Conversion Notice or Company
Conversion notice (as the case may be) shall have the same effect as
cancellation of the original certificate(s) and issuance of a new certificate
evidencing the remaining shares of Preferred Stock.

     (c)  (i) Each share of Preferred Stock shall be convertible on a Holder
Conversion Date or Company Conversion Date at the Conversion Ratio (subject to
equitable adjustment for stock splits, recombinations and similar events).

          (ii) All calculations under this Section 3 shall be made to the
nearest cent or the nearest 1/100th of a share, as the case may be. The number
of shares of Common Stock outstanding at any given time shall not include shares
owned or held by or for the account of the Company, and the disposition of any
such shares shall be considered an issue or sale of Common Stock.

          (iii) In case of any reclassification of the Common Stock, or any
compulsory share exchange pursuant to which the Common Stock is converted into
other securities, cash or property, the Preferred Stock shall thereafter be
convertible only into the shares of stock and other securities, cash and
property receivable upon or deemed to be held by holders of Common Stock
following such reclassification or share exchange, and the Holders shall be
entitled upon such event to receive such amount of securities, cash or property
as a holder of the number of

                                       2

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shares of Common Stock of the Company into which such shares of Preferred Stock
could have been converted immediately prior to such reclassification or share
exchange would have been entitled.

          (iv) In case of any merger or consolidation of the Company with or
into another Person, the Preferred Stock shall be convertible into the shares of
stock and other securities, cash and property receivable upon or deemed to be
held by holders of Common Stock following such merger, consolidation or sale,
and the Holder shall be entitled upon such event or series of related events to
receive such amount of securities, cash and property as the shares of Common
Stock into which such shares of Preferred Stock could have been converted
immediately prior to such merger or consolidation would have been entitled.

     (d) The Company covenants that it will at all times reserve and keep
available out of its authorized and unissued shares of Common Stock solely for
the purpose of issuance upon conversion of Preferred Stock, each as herein
provided, free from preemptive rights or any other actual contingent purchase
rights of persons other than the Holders, not less than such number of shares of
Common Stock as shall be issuable upon the conversion of all outstanding shares
of Preferred Stock. The Company covenants that all shares of Common Stock that
shall be so issuable shall, upon issue, be duly and validly authorized and
issued and fully paid and nonassessable.

     (e) The issuance of certificates for Common Stock on conversion of
Preferred Stock shall be made without charge to the Holders thereof for any
documentary stamp or similar taxes that may be payable in respect of the issue
or delivery of such certificate, provided that the Company shall not be required
to pay any tax that may be payable in respect of any transfer involved in the
issuance and delivery of any such certificate upon conversion in a name other
than that of the Holder of such shares of Preferred Stock so converted.

     (f) Any and all notices or other communications or deliveries to be
provided by the Holders of the Preferred Stock hereunder, including, without
limitation, any Holder Conversion Notice, shall be in writing and delivered
personally, by facsimile or sent by a nationally recognized overnight courier
service, addressed to the attention of the Chief Financial Officer of the
Company addressed to 537 Congress Street, 5th Floor, Portland. Maine 04101-3353,
Facsimile No.: (207) 828-0492, attention Chief Financial Officer, or to such
other address or facsimile number as shall be specified in writing by the
Company for such purpose. Any and all notices or other communications or
deliveries to be provided by the Company hereunder, including, without
limitation, any Company Conversion Notice, shall be in writing and delivered
personally, by facsimile or sent by a nationally recognized overnight courier
service, addressed to each Holder at the facsimile telephone number or address
of such Holder appearing on the books of the Company, or if no such facsimile
telephone number or address appears, at the principal place of business of the
Holder. Any notice or other communication or deliveries hereunder shall be
deemed given and effective on the earliest of (i) the date of transmission, if
such notice or communication is delivered via facsimile at the facsimile
telephone number specified in this Section prior to 6:30 p.m. (New York City
time)(with confirmation of transmission), (ii) the date after the date of
transmission, if such notice or communication is delivered via facsimile at the
facsimile telephone number specified in this Section later than 6:30 p.m. (New
York City time) on any date and earlier than 11:59 p.m. (New York City time) on

                                       3

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such date (with confirmation of transmission), (iii) upon receipt, if sent by a
nationally recognized overnight courier service, or (iv) upon actual receipt by
the party to whom such notice is required to be given.

     Section 4. REDEMPTION.

     (a) The Company shall have the right, exercisable on a single occasion by
written notice to the Holder (the "FLOOR ADJUSTMENT NOTICE"), received by the
Holder no later than the 30th Trading Day prior to the Settlement Date, of its
election to adjust the Floor Price, PROVIDED, that the Company may not lower the
Floor Price to any price that would have the effect of requiring the approval of
the shareholders of the Company under the rules and regulations of the Nasdaq
Stock Market for the Company to comply in full with its conversion obligations
hereunder and its exercise obligations under any warrant delivered to the Holder
under the Purchase Agreement.

     (b) If an Underlying Shares Registration Statement covering the resale of
the Underlying Shares has not been declared effective by the Commission by the
Effectiveness Date (as defined in the Registration Rights Agreement), then
either a Holder or the Company may deliver a written notice to the other (with a
copy thereof to the Escrow Agent) requiring the redemption of all (but not less
than all) of the Preferred Stock then held by such Holder. In such event, the
Company shall pay the Holder a redemption amount equal to the aggregate Stated
Value of the Preferred Stock on the 2nd Trading Day following the date on which
the notice for the payment therefor is delivered.

     (c) The Company will not issue in excess of 3,000,000 Underlying Shares on
conversion of the Preferred Stock. If the Conversion Price is such that the
number of Underlying Shares issuable on conversion of the Preferred Stock would
exceed 3,000,000 Underlying Shares in the absense of the first sentence of this
Section 4(c), then the Company shall redeem a number of shares of Preferred
Stock that would result in such excess, for an amount equal to such excess
Stated Value. Any such redemption amount shall be due and payable in cash on the
Seventh Trading Day following the Settlement Date and shall be made pro rata
among all Holders.

     (d) All Stated Value of Preferred Stock for which a Holder Conversion
Notice or a Company Conversion Notice shall not have been received prior to 6:30
p.m. (New York City time) on the fifth Trading Day following the Settlement Date
shall automatically, without any further action on the part of either a Holder
or the Company, be redeemed for a redemption price equal to the aggregate of
such Stated Value. Such redemption amount shall be due and payable in cash on
the seventh Trading Day following the Settlement Date.

     Section 5. DEFINITIONS. For the purposes hereof, the following terms shall
have the following meanings:

     "BUSINESS DAY" means any day except Saturday, Sunday and any day which
shall be a federal legal holiday or a day on which banking institutions in the
State of New York or the State of Maine are authorized or required by law or
other governmental action to close.

     "COMMISSION" means the Securities and Exchange Commission.

                                       4

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     "COMMON STOCK" means the Company's common stock, par value $0.0001 per
share, and stock of any other class into which such shares may hereafter have
been reclassified or changed.

     "CONVERSION PRICE" means the greater of (1) the lesser of (a) 93% of the
VWAP of the Company's Common Stock for the 20 Trading Day period ending on the
Trading Day immediately preceding the Settlement Date and (b) the greater of (i)
the product of (x) 1.20 and (y) the Per Share Purchase Price (as defined in the
Purchase Agreement), and (ii) 80% of the VWAP's of the Common Stock for the
twenty Trading Day period ending on the Trading Day immediately preceding the
Settlement Date and (2) the Floor Price.

     "CONVERSION RATIO" means, at any time, a fraction, the numerator of which
is Stated Value and the denominator of which is the Conversion Price at such
time.

     "EFFECTIVE DATE" means the date that the Underlying Shares Registration
Statement is first declared effective by the Commission.

     "ESCROW AGENT" shall have the meaning set forth in the Purchase Agreement.

     "EXCHANGE ACT" means the Securities Exchange Act of 1934, as amended.

     "FLOOR PRICE" means the greater of (i) $7.00 or (ii) the minimum price that
would not require the vote of the shareholders of the Company under the rules
and regulations of Nasdaq (in each case subject to adjustment in accordance with
a timely received Floor Adjustment Notice); provided, that in no event shall the
Company establish a Floor Price which would require the vote of the shareholders
of the Company under the rules and regulations of Nasdaq.

     "NASDAQ" means the Nasdaq National Market

     "ORIGINAL ISSUE DATE" shall mean the date of the first issuance of any
shares of the Preferred Stock regardless of the number of transfers of any
particular shares of Preferred Stock and regardless of the number of
certificates which may be issued to evidence such Preferred Stock.

     "PER SHARE MARKET VALUE" means, for any date, the price determined by the
first of the following clauses that applies: (a) if the Common Stock is then
listed or quoted on an Eligible Market or any other national securities
exchange, the closing bid price per share of the Common Stock for such date (or
the nearest preceding date) on the primary Eligible Market or exchange on which
the Common Stock is then listed or quoted; (b) if prices for the Common Stock
are then quoted on the OTC Bulletin Board, the closing bid price per share of
the Common Stock for such date (or the nearest preceding date) so quoted; (c) if
prices for the Common Stock are then reported in the "Pink Sheets" published by
the National Quotation Bureau Incorporated (or a similar organization or agency
succeeding to its functions of reporting prices), the most recent bid price per
share of the Common Stock so reported; or (d) in all other cases, the fair
market value of a share of Common Stock as determined by an independent
appraiser selected in good faith by a majority-in-interest of the Holders.

                                       5

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     "PERSON" means a corporation, an association, a partnership, an
organization, a business, an individual, a government or political subdivision
thereof or a governmental agency.

     "PURCHASE AGREEMENT" means the Securities Purchase Agreement, dated as of
the Original Issue Date, to which the Company and the original Holders are
parties, as amended, modified or supplemented from time to time in accordance
with its terms.

     "REGISTRATION RIGHTS AGREEMENT" means the Registration Rights Agreement,
dated as of the Original Issue Date, to which the Company and the original
Holders are parties, as amended, modified or supplemented from time to time in
accordance with its terms.

     "SECURITIES ACT" means the Securities Act of 1933, as amended.

     "SETTLEMENT DATE" means the later of the (i) the 110th Business Day after
the Original Issue Date and (ii) the 30th Trading Day following the Effective
Date, plus in the case of (ii) an additional Trading Day for each Trading Day
following the Effective Date that the Underlying Shares Registration Statement
is not effective or the prospectus thereunder not available for use by the
Holder to resell all of the Registrable Securities (as defined in the
Registration Rights Agreement) issued or issuable to it hereunder, under the
Purchase Agreement or the Warrants.

     "SUBSEQUENT MARKET" means either the New York Stock Exchange, American
Stock Exchange or Nasdaq SmallCap Market.

     "TRADING DAY" means (a) a day on which the shares of Common Stock are
traded on the Nasdaq or on such Subsequent Market on which the shares of Common
Stock are then listed or quoted, or (b) if the shares of Common Stock are not
listed on the Nasdaq or a Subsequent Market, a day on which the shares of Common
Stock are traded in the over-the-counter market, as reported by the OTC Bulletin
Board, or (c) if the shares of Common Stock are not quoted on the OTC Bulletin
Board, a day on which the shares of Common Stock are quoted in the
over-the-counter market as reported by the National Quotation Bureau
Incorporated (or any similar organization or agency succeeding its functions of
reporting prices); PROVIDED, that in the event that the shares of Common Stock
are not listed or quoted as set forth in (a), (b) and (c) hereof, then Trading
Day shall mean any day except Saturday, Sunday and any day which shall be a
legal holiday or a day on which banking institutions in the State of New York
are authorized or required by law or other government action to close.

     "TRANSACTION DOCUMENTS" shall have the meaning set forth in the Purchase
Agreement.

     "UNDERLYING SHARES" means, collectively, the shares of Common Stock into
which the shares of Preferred Stock are convertible in accordance with the terms
hereof.

     "UNDERLYING SHARES REGISTRATION STATEMENT" means a registration statement
that meets the requirements of the Registration Rights Agreement and registers
the resale of all Underlying Shares by the Holder, who shall be named as a
"selling stockholder" thereunder.

                                       6

<PAGE>

     "VWAP" means, for any date, the daily volume weighted average sale price
(as reported by Bloomberg Financial L.P. using the VAP function) of the Common
Stock on the date in question, or if there is no such price on such date, then
the daily volume weighted average price on the date nearest preceding such date.

     "WARRANTS" means the warrants issued to the original Holders under the
Purchase Agreement.

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     IN WITNESS WHEREOF, the Corporation has caused this Certificate of
Designations to be signed by its President this 15th day of February, 2002.

                                    I-MANY, INC.

                                    By: /s/ A. Leigh Powell
                                       --------------------------------------
                                       President
                                       A. Leigh Powell

                                       8

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                                    EXHIBIT A

                    NOTICE OF CONVERSION AT OPTION OF HOLDER

(To be Executed by the Registered Holder
in order to convert shares of Preferred Stock)

The undersigned hereby elects to convert the number of shares of Series A
Convertible Preferred Stock indicated below, into shares of common stock, par
value $0.0001 per share (the "COMMON STOCK"), of I-MANY, INC., a Delaware
corporation (the "COMPANY"), according to the conditions hereof, as of the date
written below. If shares are to be issued in the name of a person other than
undersigned, the undersigned will pay all transfer taxes payable with respect
thereto and is delivering herewith such certificates and opinions as reasonably
requested by the Company in accordance therewith. No fee will be charged to the
Holder for any conversion, except for such transfer taxes, if any.

<TABLE>
<S>                                    <C>
Conversion calculations:
                                       Number of shares of Preferred Stock to be Converted

                                       Stated Value of shares of Preferred Stock to be Converted

                                       Stated Value of Preferred Stock remaining after Conversion

                                       Number of shares of Common Stock to be Issued

                                       Applicable Conversion Price

                                       Signature

                                       Name

                                       Address
</TABLE>

                                       9

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                                    EXHIBIT B

                  NOTICE OF CONVERSION AT OPTION OF THE COMPANY

(To be executed by I-MANY, INC.
in order to force conversion of shares of Preferred Stock)

I-MANY, INC. (the "COMPANY") hereby elects to convert the number of shares of
Series A Convertible Preferred Stock indicated below, into shares of common
stock, par value $0.0001 per share (the "COMMON STOCK"), the Company, according
to the conditions hereof, as of the date written below. No fee will be charged
to the Holder for any conversion, except for such transfer taxes, if any.

<TABLE>
<S>                                     <C>
Conversion calculations:
                                        Number of shares of Preferred Stock to be Converted

                                        Stated Value of shares of Preferred Stock to be Converted

                                        Stated Value of Preferred Stock remaining after Conversion

                                        Number of shares of Common Stock to be Issued

                                        Applicable Conversion Price

                                        Signature

                                        Name
</TABLE>

                                       10<Page>

                                                                  Exhibit 4.02

                             SUBSCRIPTION AGREEMENT

ISECURETRAC CORP.
5022 South 114th Street
Omaha, NE 68137

Ladies and Gentlemen:

     The undersigned hereby applies to ISECURETRAC CORP., a Delaware corporation
(the "Corporation"), to purchase ____________ shares (the "Shares") of the
Corporation's common stock, par value $.001 per share (the "Common Stock"), at a
purchase price of $_____ per share, or an aggregate purchase price of
$__________, such purchase price and Shares to be delivered upon the execution
and delivery hereof.

1.   Representations and Warranties of the Undersigned.

     The undersigned hereby represents and warrants to the Corporation as
follows:

     a.   The undersigned has received and this Subscription Agreement
          (this "Agreement"), as well as the Corporation's Prospectus
          dated _________, 2002 (the "Prospectus"). The undersigned's
          domicile is in the State of _______________, and the undersigned
          or its signatory is over 18 years of age.

     b.   The undersigned has full power and authority to make the
          representations referred to in this Agreement, to execute and deliver
          this Agreement and to purchase the Shares.

     c.   The undersigned's authorization, execution, delivery, and performance
          of this Agreement do not conflict with any other agreement or
          arrangement to which the undersigned is a party or by which the
          undersigned is bound.

     d.   The undersigned acknowledges that this Agreement may be accepted or
          rejected, in whole or in part, by the Corporation in its sole
          discretion, and that the subscription proceeds will be returned to the
          undersigned upon any such rejection.

     e.   The undersigned is purchasing for investment and not with a view
          toward distribution of all or any part of the Shares.

     f.   [OPTIONAL] The undersigned hereby certifies that he/she/it is an
          accredited investor as that term is defined in Regulation D adopted
          pursuant to the Securities Act of 1933 (the "Act"). The specific
          category(s) of accredited investor applicable to the undersigned is
          (are) checked below. [CHECK ALL THAT] APPLY]

_____     (i)  an individual whose individual net worth, or joint net worth with
               that individual's spouse, exceeds $1,000,000 (including the value
               of homes, home furnishings and personal automobiles);

_____     (ii) an individual who had an individual income in excess of $200,000
               in 2000 and 2001 or joint income with that person's spouse in
               excess of $300,000 in each of those years and who reasonably
               expects to reach the same income level in 2002. For purposes of
               this offering, individual income shall equal adjusted gross
               income, as reported in the investor's federal income tax return,
               less any income attributable to a spouse or to property owned by
               the spouse, and as may be further adjusted in accordance with the
               rules, regulations, and releases of the Securities and Exchange
               Commission;

_____    (iii) a bank as defined in Section 3(a)(2) of the Act, or a savings
               and loan association or other institution as defined in Section
               3(a)(5)(A) of the Act, whether acting in its individual or
               fiduciary capacity; an insurance company as defined in Section
               2(13) of the Act; an investment company registered under the
               Investment Company Act of 1940 (the "1940 Act") or a business
               development company as defined in Section 2(a)(48) of the 1940
               Act; a Small Business Investment Company licensed by the U.S.
               Small Business Administration under Section 301(c) or (d) of the
               Small Business Investment Act of 1958; or an employee benefit
               plan within the meaning of Title I of the Employee Retirement
               Income Security Act of 1974 ("ERISA"), if the investment decision
               is made by a plan fiduciary, as defined in Section 3(21) of
               ERISA, which is either a bank, savings and loan association,
               insurance company or registered investment adviser, or if the
               employee benefit plan has total assets in excess of $5,000,000 or
               if a self-directed plan, with investment decisions made solely by
               persons that are accredited investors;

_____     (iv) a private business development company as defined in Section
               202(a)(22) of the Investment Advisers Act of 1940;

_____     (v)  an organization described in Section 501(c)(3) of the Internal
               Revenue Code, corporation, Massachusetts or similar business
               trust, or partnership, not formed for the specific purpose of
               acquiring the Shares, with total assets in excess of $5,000,000;

_____     (vi) an individual who is a director or executive officer of the
               Corporation; or

_____    (vii) an entity in which all of the equity owners are accredited
               investors as set forth above.

     g.   The undersigned hereby agrees to indemnify and hold harmless the
          Corporation and each director, officer or employee thereof from and
          against any and all loss, damage or liability due to or arising out of
          a breach of any of the foregoing representations and warranties of the
          undersigned.

2.   Survival of Agreements, Representations and Warranties, Etc.

     All agreements, representations and warranties contained herein or made in
writing by or on behalf of the Corporation in connection with the transactions
contemplated by this Agreement shall survive the execution and delivery

<Page>

of this Agreement, any investigation at any time made by the undersigned or on
the undersigned's behalf, and the sale and purchase of the Shares and payment
therefor.

3.   Miscellaneous.

     This Agreement may be executed in any number of counterparts, each of which
shall be an original but all of which taken together shall constitute one
agreement. Neither this Agreement nor any term hereof may be changed, waived,
discharged or terminated orally, but only with the written consent of the
undersigned and the Corporation. This Agreement shall be governed by and
construed under the laws of the State of Nebraska (without giving effect to any
conflict of laws provisions). This Agreement sets forth the entire agreement of
the parties with respect to the subject matter hereof.

     BY EXECUTING THIS AGREEMENT, THE UNDERSIGNED IS NOT WAIVING ANY RIGHTS
     UNDER THE SECURITIES ACT OF 1933 AND THE EXCHANGE ACT OF 1934.

               [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

<Page>

                   THE INDIVIDUAL INVESTOR SIGNATURE PAGE

                FOR ISECURETRAC CORP. SUBSCRIPTION AGREEMENT

<Table>

                                                        Date:_________________, 200_____

<S>                                          <C>
Number of Shares Subscribed for: __________  Amount of Subscription: $__________________

___________________________________________  ___________________________________________
Name of Individual                           Social Security No.

___________________________________________  ___________________________________________
Street Address                               Date of Birth

___________________________________________  __________________  _______________________
City             State             Zip Code  Home Phone          Business  Phone
</Table>

              Manner in which Shares are to be held (check one):

/ /  Individual Ownership                       / /  Community Property

/ /  Tenants-in-Common                          / /  Separate Property

/ /  Joint Tenant with Right of Survivorship    / /  Other (please specify)

                                              ________________________________
                                              Signature

Accepted this ___ day of __________, 200_.

                                             ISECURETRAC CORP.

                                             By: ____________________________

<Page>

                           THE ENTITY SIGNATURE PAGE

                FOR ISECURETRAC CORP. SUBSCRIPTION AGREEMENT

<Table>

                                                Date:_________________, 200_____________

<S>                                         <C>
Number of Shares Subscribed for: _________  Amount of Subscription: $___________________

__________________________________________  ____________________________________________
Name of Corporation or Entity               Federal Tax Identification No.

__________________________________________  ____________________________________________
Address                                     State of Incorporation or Formation

__________________________________________  ___________________  _______________________
City             State            Zip Code  Phone                Fax
</Table>

              Manner in which Shares are to be held (check one):

/ /  Partnership                       / /  Limited Liability Company

/ /  Corporation                       / /  Limited Liability Partnership

/ /  Trust                             / /  Other (please specify)_____________

                                              _________________________________
                                              Signature

                                              _________________________________
                                              Title

Accepted this ___ day of __________, 200_.

                                             ISECURETRAC CORP.

                                             By: ____________________________

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