LOJACK CORPORATION MASTER NON-EMPLOYEE DIRECTOR
STOCK OPTION AGREEMENT
This master agreement constitutes an option to purchase shares of common stock of LoJack Corporation
(hereinafter called the "Company"), a Massachusetts corporation, if and only if it is attached to a validation sheet
(the "Validation") completed and executed by a duly authorized officer of the Company. When so validated, the
optionee named in the Validation (hereinafter called the "Optionee") shall have an option pursuant to the LoJack
Corporation Restated and Amended Stock Incentive Plan, as amended (the "Plan"), to purchase common stock
pursuant to the Plan in consideration of the mutual promises and representations herein contained, and other good
and valuable consideration. The Validation and this master agreement together constitute the Agreement.
Capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Plan.
1. Confirming of Option Grant: The Company hereby evidences and confirms its grant to the Optionee of an
option to purchase the number of shares of the Company's common stock set forth in the Validation at the option
price per share set forth in the Validation, being the Fair Market Value of the common stock on the date of grant
of the option to Optionee. This option is intended to be a Non-Employee Director Stock Option as defined in the
Plan and the provisions hereof shall be so construed. This option is governed by and subject to the provisions of
the Plan, which provisions shall govern in the event of any inconsistency with the provisions hereof.
2. Expiration of Option: The option evidenced by this Agreement shall expire ten (10) years from the date of
3. Time of Exercise: Subject to the provisions hereof, the option evidenced hereby may be exercised at any time
after one year from the date of grant and on or before the expiration date of the option, except that the option
shall not be exercised with respect to more than one-half (1/2) o