CAR TRACK, S. A. DE C.V.
THIS SUBSCRIPTION AGREEMENT is made as of the 14th day of March, 2003, by and among:
(i) LoJack de Mexico, S. de R.L. de C.V., a Mexican limited liability company (sociedad de responsabilidad
limitada) ("LIV"), a wholly-owned subsidiary of LoJack Corporation, a Massachusetts Corporation (the
(ii) Grupo Car Mart, S.A. de C.V. (hereinafter "GCM"), a Mexican corporation (sociedad anonima de capital
variable) whose capital stock is owned entirely by the persons listed as shareholders on the signature pages
(iii) Jose Antonio Ocejo Gutierrez ("Ocejo"), a Mexican individual, whose participation in this agreement is solely
and exclusively for purposes in connection and under the terms of section 2.26 and section 7 in connection with
sections 2.3, 2.7, 2.10, 2.11, 2.12, 2.13, 2.14, 2.16, 2.18 and 2.24 hereof.
1. The Investor is a public company organized under the laws of Massachusetts, United States of America, which
core business is the sale and operation of a system for the tracking and recovery of stolen vehicles. The Investor
has licensees of its systems in several countries.
2. GCM, through its subsidiaries Car Mart Mexico, S.A. de C.V. ("CMM"), Car Mart Comunicaciones, S.A.
de C.V. ("CMC") and Car Mart Instalaciones, S.A. de C.V. ("CMI" and, together with CMM and CMC, jointly
the Predecessors, each a Mexican corporation (sociedad anonima de capital variable), is in the business of
operating a system for the tracking and recovery of stolen vehicles in Mexico (the "Business").
3. CMM is an Investor's licensee in Mexico to operate the above-mentioned system. In the ordinary course of
business, the Investor sells products to CMM, and as a result of deliveries of products that the Investor has made
to CMM as of this date in the amount of US$ One Million Five Hundred One Thousand Nine Hundred Sixteen
(1,501,916 00/100 Dollars) the Investor holds an account receivable against CMM for such