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# Exhibit 4.20

# ENGLISH SUMMARY OF THE
ASSET PURCHASE AGREEMENT (ORIGINAL LANGUAGE  HEBREW)

BY AND AMONG

# SHAGRIR TOWING
SERVICES LTD.,

# SHAGRIR (1985) LTD.

AND

# POINTER (EDEN TELECOM
GROUP) LTD.

Dated January 3, 2005(the
Agreement)

|Description: 
                                                    
                                                    
                                                    
                                                    
Activities and Assets Purchased by Pointer: 
                                                    
                                                    
                                                    
                                                    
                                                    
Consideration: 
NIS 40 Million Loan 
                                                    
                                                    
                                                    
                                                    
Security on the NIS 40 Million Loan 
                                                    
                                                    
                                                    
                                                    
Warrant to Purchase 25,000,000 Ordinary Shares of
Nexus Telocation Systems Ltd. ("Nexus") | Asset   Purchase   Agreement   pursuant  to  which
Pointer  (Eden  Telecom  Group)  Ltd.  ("Pointer")
shall  purchase  certain  activities and assets of
Shagrir Towing  Services Ltd. and its  subsidiary,
Shagrir (1985) Ltd. (together, "Shagrir").
(i)    The  goodwill  of Shagrir in the field of
     mobile   automobile   repair,   towing  and
     replacement  vehicle  services,   including
     intellectual property; and
(ii)   Certain   fixed  and   quick   assets  of
     Shagrir, including NIS 10 million in cash.
Approximately NIS 200 million.
At the closing,  Shagrir  shall make  available to
Pointer  a  NIS  40  million  loan,  repayable  in
twenty quarterly installments  commencing February
28,  2006 and with  interest  payable at a rate of
6.5% per annum.
As security on the 40 Million loan,  Pointer shall
grant  Shagrir a second  ranking fixed charge over
Pointer's  rights to  proceeds  from  transactions
with Clal  Insurance  Company  Ltd. and The Israel
Phoenix Insurance Company Ltd.
At the  closing,  Nexus shall grant  Shagrir a two
year  warrant  to  purchase  up to  25,000,000  of
ordinary  shares of Nexus,  nominal value NIS 0.03
each, at an exercise price per share of $0.18.
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