---

---

Exhibit 4.26

# Summary of Asset
Purchase Agreement in Hebrew, As Amended

|Date:    | January 1, 2002, amended April 8, 2003       
|-------- | ---------------------------------------------
|         |                                              
|Parties: | Edco Electronics Ltd. (Edco)               
|         | Benny Konstantin (Konstantin)               
|         | Associative Computing Ltd. (the Subsidiary)
|         | Robomatix Technologies Ltd. (Robomatix)    

# The Transaction and
Consideration:

The Subsidiary acquired substantially
all of the assets and activities of Edco. This transaction was subject to the following
terms: (1) On January 1, 2003 or another date set for closing of the transaction (the
Closing), Edcos net capital stood at no less NIS 9.8 million and;
(2) at Closing Edcos profit for 2002 was not less than NIS 5 million. In
consideration, the Subsidiary paid Edco NIS 12,600,000.

# Representations and
Warranties:

Edco, Konstantin, Robomatix and the
Subsidiary made standard representations and warranties made in agreements of this nature.

# Covenants:

Edco and Konstantin made the
following covenants:

- Konstantin agreed to act as
manager of the Subsidiary at least until December 31, 2006.
- Edco agreed to act
trustee to the Subsidiary in connection with certain of Edcos activities and/or
assets that could not, for any reason, be transferred to the Subsidiary at closing. Edco shall
continue to manage such activities and assets until full transfer of these activities
and/or assets to the Subsidiary.

Robomatix made the following
covenants:

- Robomatix agreed to act in order to obtain a line of credit for the Subsidiary in the
amount of at least NIS 6 million from Bank Hapoalim B.M. and/or any other bank, for
purposes of financing the Subsidiarys current activities, the loan to Edco and the
acquired activities including the Subsidiarys commitments to its shareholders.

1

---

---

- Robomatix agreed to act in order to obtain a loan for the Subsidiary from Bank Hapoalim
B.M. and/or any other bank in the amount of NIS 12,600,000 million, for purposes of
financing the acquisition of Edcos assets and activities.

# Additional Terms:

- The transaction is subject to obtaining of the line of credit and the loan to
Konstantins satisfaction and with his approval.
- After the date of closing, the Subsidiary will acquire key-man insurance for Konstantin.
- The parties agreed to change the  Subsidiary's  name and include the word "Edco" in the new name. Edco
agreed to change its name to one that does not include the word Edco not to conduct
business competing with the acquired assets and activities.
- Konstantin and Edcos undertook to transfer its employees to the Subsidiary along
with all their social benefits. The cost of salary for all of Edcos employees
transferred to the Subsidiary (not including Konstantin), will be according to their
salary agreements as of June 30, 2002 provided that such cost does not exceed the cost of
the employees salary in 2001 and half of 2002. Konstantin and Edco further undertake
to have all the transferred employees sign waivers in connection with their transfer. The
transfer of such employees is subject to the signing of these waivers.
- Price Adjustment and Indemnification:

| | o | The purchase price is subject to a price adjustment and indemnification mechanism for
incompatabilities or discrepancies regarding the assets transferred to the Subsidiary
and/or in the representations and warranties made by the parties. This mechanism will only
be applicable to incompatabilities or discrepancies of over NIS 150,000.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | o | Robomatix received protection from dilution of its share percentage in the event that the
Subsidiary is required to issue shares to any third party as a result of obligations of
Edco.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | o | If the any claim is made against the Subsidiary with regard to any debt owed by Konstantin
and/or Edco prior to the transaction Edco and Konstantin will indemnify the Subsidiary by
loaning the Subsidiary any sum demanded (and such loan shall not be repayable without the
consent of Robomatix), or to invest such amount in the Subsidiary (and such investment
shall not dilute the holdings of Robomatix and Robomatix will bear no tax expense
resulting from such investment).
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2

---

---