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# Exhibit 4.23

# ENGLISH SUMMARY OF THE
ASSIGNMENT AGREEMENTS(ORIGINAL LANGUAGE  HEBREW)

BY AND AMONG

# SHAGRIR TOWING
SERVICES LTD.,

# SHAGRIR (1985) LTD.

# POINTER (EDEN TELECOM
GROUP) LTD.

AND

# CERTAIN ISRAELI
INSURANCE COMPANIES

Dated
January/February 2005

|Description: 
                    
                    
                    
                    
                    
Assigned Agreements: | Assignment Agreements pursuant to which Shagrir
Towing Services Ltd., and its subsidiary, Shagrir
(1985) Ltd., (together, "Shagrir") shall assign
to Pointer and Pointer shall assume all of
Shagrir's rights and obligations under the
Assigned Agreements (as defined below).
(i)   Agreement by and between  Shagrir and The
      Israel  Phoenix   Insurance   Company  Ltd.,
      dated October 6, 1997, as amended.
(ii)  Agreement  by  and  between  Shagrir  and
      Clal Insurance  Company Ltd., dated December
      10, 1989, as amended;
(iii) Agreement  by  and  between  Shagrir  and
      Harel  Insurance  Company  Ltd.,  dated July
      19, 1988, as amended;
(iv)  Agreement  by  and  between  Shagrir  and
      Eliahu   Insurance   Company   Ltd.,   dated
      October 27, 1992, as amended;
(v)   Agreement  by  and  between  Shagrir  and
      Hachsharat  Hayeshuv Insurance Company Ltd.,
      dated March 12, 1989, as amended; and
(vi)  Agreement  by  and  between  Shagrir  and
      Menorah   Insurance   Company  Ltd.,   dated
      December 15, 2003, as amended
      (together, the "Assigned Agreements").
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# Comments:

| |  | In
addition,  on February 28, 2005,  Pointer and Shagrir  entered  into a  "back-to-back"
 agreement  pursuant to          which Shagrir  undertook to assign and Pointer
 undertook to assume all of Shagrir's rights and obligations under          Shagrir's
agreements with I.D.I Insurance Company Ltd., A.A.G. and Vehicle Management.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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