Letter Agreement Regarding Exercise of Preemptive Rights for Traqueur SA Shares between LoJack Corporation and Sigefi Ventures Gestion, Credit Lyonnais, and Viveris
LoJack Corporation notifies Sigefi Ventures Gestion, Credit Lyonnais, and Viveris of its decision to exercise its preemptive right to purchase 400 shares of Traqueur SA, which were otherwise to be transferred to Tracker Network UK Ltd. The agreement confirms LoJack's intent to buy the shares for €40,000, subject to receipt of the appropriate share transfer form, after which payment will be made. The letter requires confirmation by countersignature and is copied to other relevant parties.
Exhibit 10.3(b)
LOJACK CORPORATION
société de droit de l’Etat du Massachusetts
immatriculée sous le numéro (FED ID) 04 ###-###-####
| SIGEFI VENTURES GESTION | ||
| 139, rue Vendôme, 69006 Lyon | ||
| CREDIT LYONNAIS | ||
| 43/47, av. de la Gde Armée | ||
| 75116 Paris | ||
| VIVERIS | ||
| 6 allée Turcat Méry | ||
| 13008 Marseille | ||
| Paris, July 28, 2003 | ||
Re. : Traqueur SA
Dear Sirs,
Further to your letter dated July 25, 2003, informing us of a contemplated transfer of 400 shares to Tracker Network UK Ltd, we hereby inform you that, in accordance with clause 3.2.2(b) of the agreement entered into between the shareholders of Traqueur SA on November 26, 2001, we exercise our pre-emptive right on all of the 400 shares of Traqueur SA to be transferred to Tracker Network UK for an aggregate purchase price of € 40,000 (forty thousand euros).
Please confirm, by counter-signing this letter, this share transfer and by remitting to us the appropriate share transfer form for an aggregate of 400 shares, on the receipt of which we will proceed with the wire-transfer of the total purchase price, i.e. € 40,000.
Best regards,
| Sigefi Ventures Gestion | Credit Lyonnais | Viveris | ||
| /s/ William Duvall | ||||
| LoJack Corp. | ||||
| Copy to: Tracker Network UK | ||
| EADS Telecom | ||
| BNP-Paribas Développement | ||
