Exhibit 10.3(c) TRACKER NETWORK UK LIMITED OtterHouse, Cowley Business Park, High Street, Cowley Huxbridge, Middlesex UB8 2AD - Great-Britain

EX-10.3(C) 9 dex103c.htm LETTER AGREEMENT, TO WAIVE PREEMPTIVE RIGHTS LETTER AGREEMENT, TO WAIVE PREEMPTIVE RIGHTS

Exhibit 10.3(c)

 

TRACKER NETWORK UK LIMITED

Otter House, Cowley Business Park, High Street,

Cowley Huxbridge, Middlesex

UB8 2AD - Great-Britain

 

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 the letter dated July 28, 2003 received from LoJack Corporation, informing us of their exercise of their preemptive right, in accordance with clause 3.2.2(b) of the agreement entered into between the shareholders of Traqueur SA on November 26, 2001, on all of the 400 shares of Traqueur SA to Tracker Network UK for an aggregate purchase price of € 40,000 (forty thousand euros), please note that we hereby waive our exercise of our preemptive right on this 400-share transfer.

 

Yours faithfully,

 

/s/ K.P. Watters

        

K.P. Watters

        

 

Copy to :            EADS Telecom, BNP-Paribas Développement, LoJack