Document:

EXHIBIT 10.28

                          CONSULTING SERVICES AGREEMENT

            MADE AND EXECUTED IN TEL AVIV ON THE 25TH OF MARCH, 1998

BETWEEN:         Ituran Location and Control, Ltd.

                 Private Co. 51-193664-3

                 Of:  3 Hashikma Street, Azor Industrial Zone

                 (hereinafter:  "THE COMPANY")

                                                                THE FIRST PARTY;

AND BETWEEN:     Yehuda Kahane

                 Identity No. 0519199

                 Of:  119 Bar Kochba Street, Herzliya

                 (hereinafter:  "THE CONSULTANT")

                                                               THE SECOND PARTY;

WHEREAS:         The Company is interested in hiring the Consultant to provide
                 ongoing financial consulting, organization, training and
                 execution of the Company's financial activities; consulting as
                 regards investment through various financial instruments; rate
                 protection, and management of the Company's investment
                 portfolios and everything this shall entail (hereinafter, "THE
                 FINANCIAL SERVICES");

AND WHEREAS:     The Consultant has stated that he has the knowledge, experience
                 and ability to provide the Company with the Financial Services
                 it has requested, either personally or through a financial
                 company he controls;

AND WHEREAS:     The parties wish to standardize the relationship between them
                 through this agreement;

     THEREFORE THE PARTIES HAVE DECLARED, AGREED AND STIPULATED AS FOLLOWS:

1.     PREAMBLE

       1.1    The preamble to this Agreement and the declarations of the Parties
              contained therein shall constitute integral part of this
              Agreement.

       1.2    The headings contained in this Agreement are for convenience only,
              and shall have no interpretive purpose whatsoever regarding this
              Agreement.

2.     THE CONSULTANT'S DECLARATIONS AND UNDERTAKINGS

       The Consultant does hereby declare and undertake as follows:

       2.1    That there is no legal or other obstacle that would prevent him
              from signing this Agreement and fulfilling his obligations
              accordingly;

       2.2    That he has the knowledge, ability and skills needed to fulfill
              the position in accordance with the provisions of this Agreement;

       2.3    That he undertakes to fulfill his position skillfully, expertly,
              dutifully, faithfully and honestly, and to act to the best of his
              ability to safeguard and advance the Company's economic interests;

       2.4    To act faithfully and with integrity towards the Company;

       2.5    That during the Agreement period, he shall act within the
              framework of the procedures and arrangements as defined by the
              Company from time to time, and shall report to the Company, in
              accordance with the procedures and provisions that shall be
              defined from time to time, regarding his activity and any other
              information involving his job and its performance, as well as any
              other information he learns concerning the Company and its
              business;

       2.6    That he will provide the Consulting Services to the best of his
              ability, in a manner that is professional and efficient, with the
              proper dedication and diligence.

       2.7    That the parties have no intention of establishing or conducting
              an employee-employer relationship between the Company and the
              Consultant, and that any Services that are provided shall be done
              so as independent services against the presentation of a tax
              invoice; and that all of the sums stated in this Agreement and any
              undertakings the parties shall take upon themselves as part of the
              Consulting Services are based on the correctness of the
              assumptions regarding the nature of the legal relationship
              established in this Agreement.

3.     EMPLOYMENT OF THE CONSULTANT

       3.1    It is hereby agreed between the Parties that the Company is hiring
              the Consultant's services for the purpose of providing the
              Financial Services, and all this as an independent consultant
              (hereinafter, "THE POSITION").

       3.2    In exchange for his services, the Company shall pay the Consultant
              a monthly consulting fee in the amount of NIS 4,000 linked to the
              Consumer Price Index published on February 15, 1998, that is, the
              CPI for January 1998, plus VAT as required by law against the
              receipt of a tax invoice (hereinafter, "THE CONSULTING FEE"). The
              Consulting Fee shall be paid to the Consultant by the 10th of each
              Gregorian month for the preceding month, against a tax invoice to
              be presented to the Company by the Consultant not later than 10
              days from the date of payment.

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4.     THE EMPLOYMENT PERIOD

       4.1    The employment period shall be 2 (two) years, beginning from the
              date on which this Agreement is signed (hereinafter, "THE
              EMPLOYMENT PERIOD"). At the end of the two-year period the
              Agreement period shall be renewed automatically for an additional
              two years, and so on, subject to the contents of Section 4.2 below
              (each additional employment period shall be called, hereinafter,
              "THE EXTENDED EMPLOYMENT PERIOD").

       4.2    The Company and the Consultant may (each one separately) terminate
              this Agreement via advance written notification to be sent to the
              other party at least 180 days prior to the end of the Employment
              Period or the Extended Employment Period, as relevant. To remove
              all doubt, the right to terminate this Agreement shall apply to
              each party, as stated, only at the end of the first two years,
              such that in any event, the Agreement period shall not end before
              two years from the date on which this Agreement is signed.

5.     THE COMPANY'S DECLARATIONS

       The Company hereby declares as follows:

       5.1    That the decision to contract with the Consultant through this
              Agreement was legally accepted and approved by the appropriate
              bodies, in accordance with the relevant Company documents;

       5.2    That there is no restriction, prohibition or obstacle, either
              under law or according to this document, that would apply to the
              contractual arrangements set forth in this Agreement;

       5.3    That it has no objection if the Consulting Services are provided
              by a company controlled by the Consultant, at the Consultant's
              discretion.

6.     RELATIONSHIPS BETWEEN THE PARTIES REGARDING THE PROVISION OF THE
       CONSULTING SERVICES

       Regarding the provision of the Consulting Services, it is hereby
       explicitly agreed and stated that:

       6.1    There shall be no employee-employer relationship between the
              Company and the Consultant, rather the relationship will only be
              that of a contractor and client, and any right the Company may
              have to supervise and/or audit and/or give instructions to the
              Consultant are merely a means for ensuring the performance of the
              Consultant's undertaking according to this Agreement, and shall in
              no way be construed as creating an employee-employer relationship
              between the Company and the Consultant;

       6.2    It is further agreed and declared that the Consultant does not
              have, nor shall he have, any employee rights in the Company in any
              manner and form whatsoever; and that the Consultant shall not be
              entitled to payment and/or compensation and/or benefits from the
              Company in connection with performing his undertakings according
              to this Agreement and/or any instructions given in this regard
              and/or any instructions given to him and/or any connection with
              the conclusion of this Agreement between the parties and/or
              termination of the provision of the Consulting Services

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              according to this Agreement for any reason whatsoever, unless
              stated otherwise in this Agreement.

       6.3    The Consultant hereby explicitly undertakes that he shall be
              prohibited and barred from claiming with any body whatsoever,
              including a court and/or competent tribunal, that an
              employee-employer relationship applies and/or did apply between
              himself and the Company, during the entire service provision
              period.

       6.4    To remove all doubt, the Consultant undertakes to ensure than any
              tax, fee or any type of mandatory payment that applies to the
              services provided to the Company under the terms of this
              Agreement, shall be paid by them regularly and continually, at
              their appointed time.

7.     ENDORSEMENT OF RIGHTS

       It is hereby explicitly agreed that the Parties shall not be entitled to
       transfer their rights and/or undertakings under this Agreement, either
       entirely or partially, to any other and/or others, without obtaining the
       express written consent, in advance, from the other Party. It is hereby
       clarified that this section shall not derogate from the Consultant's
       right to provide the Company with the Financial Services through a
       company under his control, provided that the Consultant's undertakings in
       accordance with this Agreement shall apply to the said company.

8.     GENERAL

       8.1    Stamp Tax on this Agreement, if applicable, shall apply to both
              parties equally.

       8.2    This Agreement nullifies all prior agreements, undertakings and
              understandings between the Parties with regard to the matters set
              forth therein, and it shall take precedence over any of the said
              agreements, undertakings and understandings.

       8.3    This Agreement shall constitute everything that is agreed between
              the Parties on the matters set forth therein, and it cannot be
              amended or changed except via a written document signed by the
              Parties.

       8.4    If it should be determined that any of the provisions contained in
              this Agreement cannot be enforced and/or are invalid for any
              reason whatsoever, this shall not jeopardize and/or invalidate the
              remaining provisions of this Agreement.

       8.5    Any waiver, extension, concession, silence, omission or delay by
              any party to this Agreement regarding the existence or
              non-existence, either total or partial, of any of the Parties'
              undertakings according to this Agreement, shall not be considered
              as a waiver by that Party in favor of the other of any of his
              rights, or a waiver or obstacle with regard to any other case.

       8.6    The Parties hereby agree irrevocably that with regard to this
              Agreement and/or that which derives therefrom, the sole and
              exclusive legal authority

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              shall only be the courts and/or authorized tribunals of the city
              of Tel Aviv-Jaffa.

       8.7    So long as neither party informs the other party in writing
              otherwise, the addresses of the Parties for the purpose of this
              Agreement shall be as specified in the Preamble to this Agreement,
              and any notification sent in accordance with this Agreement shall
              be viewed as having been received by the other party on the day on
              which it has been sent if delivered to that address or if sent via
              facsimile; or, at the end of 4 (four) business days from the day
              it was sent via post - if sent via post.

       8.8    The Parties declare that they have read this Agreement carefully
              and have signed it of their own free will, with an understanding
              of its contents and the undertakings they have taken upon
              themselves and their meaning.

       AND IN EVIDENCE THEREOF THE PARTIES HAVE AFFIXED THEIR SIGNATURES:

                   [signed]                     [signed]

          -------------------------     -------------------------
                 The Company                  The Consultant

                                       5

                 ADDENDUM TO THE CONSULTING SERVICES AGREEMENT
          MADE AND EXECUTED IN TEL AVIV ON THE      OF        , 2003

                                    BETWEEN:

                        Ituran Location and Control, Ltd.

                             Public Co. 52-004381-1

                           Of: 3 Hashikma Street, Azor

                          (hereinafter: "THE COMPANY")

                                                                THE FIRST PARTY;

                                  AND BETWEEN:

                                  Yehuda Kahane

                              Identity No. 0519199

                       Of: 119 Bar Kochba Street, Herzliya

                         (hereinafter: "THE CONSULTANT")

                                                               THE SECOND PARTY;

WHEREAS:       On March 25, 1998 the parties signed an agreement for the
               provision of Consulting Services (hereinafter, "the Agreement"),
               which set forth the conditions under which the Consultant would
               provide financial consulting services (as defined in the
               Agreement) to the Company and would receive Compensation in
               exchange for the said Services;

AND WHEREAS:   The Parties wish to increase the level of the Compensation
               to which the Consultant would be entitled from the Company for
               the Financial Services, while the monthly consulting hours given
               by the Consultant to the Company would increase concomitantly;

AND WHEREAS:   The changes in the terms of the Agreement were approved by the
               Auditing Committee, the Board of Directors and the Company's
               general meeting;

     THEREFORE THE PARTIES HAVE DECLARED, AGREED AND STIPULATED AS FOLLOWS:

1.    The Preamble to this Addendum constitutes an integral part thereof.

2.    The provisions of the Agreement shall continue to remain in force, unless
      and to the extent that they have been explicitly amended in this
      Addendum.

3.    The terms used in this Addendum shall have the same meaning as intended
      in the Agreement.

4.    It is hereby agreed between the Parties that as of June 23, 2003, the
      Compensation paid by the Company to the Consultant shall be increased to a

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      monthly figure of NIS 15,000 (fifteen thousand) linked to the CPI
      published at the time this Addendum was signed, in addition to VAT as
      required by law.

5.    It is hereby agreed between the Parties that the Consultant shall provide
      the Company with the Financial Services at a scope of 15 hours per month.

      AND IN EVIDENCE THEREOF THE PARTIES HAVE AFFIXED THEIR SIGNATURES:

      [signed and stamped]                   [signed "Y. Kahane" and stamped]

      Ituran Location and Control, Ltd.      Ituran Location and Control, Ltd.
      ---------------------------------      ---------------------------------
                 The Company                            Yehuda KahaneEXHIBIT 10.29

                                    AGREEMENT

                 MADE AND EXECUTED ON THE 30TH OF DECEMBER, 2002

BETWEEN:      ITURAN LOCATION AND CONTROL LTD., PRIVATE COMPANY 52-004381-1

              3A HASHIKMA ST.

              INDUSTRIAL AREA, AZUR

              (HEREINAFTER: "ITURAN")

                                                                 THE FIRST PARTY

AND BETWEEN:  EDDY KAFRY

              I.D. 50888627

              10 HASAKNAI ST., HOD HASHARON

              (HEREINAFTER: "KAFRY")

                                                                THE SECOND PARTY

AND BETWEEN:  AVRI FRANKO

              I.D. 56036374

              20 HATIZMORET ST., RISHON LEZION

              (HEREINAFTER: "FRANKO")

                                                                 THE THIRD PARTY

AND BETWEEN:  ROMAN STERNBERG

              I.D. 01450553

              14 LESHEM ST., RISHON LEZION

              (HEREINAFTER: "STERNBERG")

                                                                THE FOURTH PARTY

AND BETWEEN:  TELEMATICS WIRELESS LTD.

             PRIVATE COMPANY 51-238387-8

             26 HASHOFTIM ST., HOLON

             (HEREINAFTER: THE "COMPANY")

                                                                 THE FIFTH PARTY

WHEREAS:      On November 14th 1999, an agreement was signed by the Parties, in
              which the rights of the Parties in the Company and between
              themselves were set out, inter alia, (the "Initial Agreement") and
              two written addendums were drawn up (on November 24th, 1999 and on
              April 9th,

              2000), (the addendums and the Initial Agreement shall hereinafter
              be termed the "Agreement");

AND WHEREAS:  Employment agreements have been signed between the Company and
              Kafry, Franko and Sternberg (hereinafter: the "Employment
              Agreements");

AND WHEREAS:  Ituran wishes to give Kafry, Franko and Sternberg (the
              "Directors") shares in Ituran as set out below in this agreement,
              against receipt of the holdings of the Directors in the Company,
              and the Directors agree to this,

AND WHEREAS:  The Parties wish to change and amend the Agreement and the
              Employment Agreements and regulate the relationship between them
              resulting from said shares;

   IT HAS THEREFORE BEEN PROVIDED, DECLARED, AND AGREED BETWEEN THE PARTIES AS
                                    FOLLOWS:

1.     THE PREAMBLE AND HEADINGS

       1.1.   The Preamble to this agreement constitutes an inseparable part
              thereof.

       1.2.   The section headings are for convenience only, and shall not be
              used for interpretation in any manner.

       1.3.   The provisions of this agreement shall override the provisions of
              the Agreement, of the Employment Agreements and of any other
              document or oral representation.

2.     DECLARATIONS OF THE PARTIES

       2.1.   DECLARATIONS BY ITURAN

              Ituran hereby declares vis-a-vis the Directors as follows:

              2.1.1. The allocation of shares and of the option to purchase
                     Ituran shares to the Directors, as set out in this
                     agreement, is subject to the approval of the Board of
                     Directors of Ituran, the Stock Exchange, and the Securities
                     Authority.

              2.1.2. Excluding the foregoing in sub-Section 2.1.1 above, no
                     impediment exists, either in law or by contract, to
                     allocation of the shares and of the option to purchase
                     Ituran shares, to the Directors, as specified below.

                                       2

              2.1.3. The shares of Ituran to be allocated to the Directors and
                     the shares that shall result from the exercise of the
                     option as defined below, shall be free of any lien,
                     attachment, mortgage, or third party right of any sort and
                     shall grant the holders therein with all the rights to
                     which the holders of stock options/shares in Ituran are
                     entitled.

       2.2.   DECLARATIONS BY THE DIRECTORS

              The Directors hereby declare vis-a-vis Ituran as follows:

              2.2.1. The total of the shares of the Company owned by the
                     Directors is 465,574 shares of common stock bearing a
                     nominal value of 1 NIS each (hereinafter: the "Transferred
                     Shares of the Company"), and these comprise the entire
                     holdings of the Directors in the Company.

              2.2.2. No impediment exists, either in law or by contract, to
                     transfer the Transferred Shares of the Company to Ituran.

              2.2.3. The Transferred Shares of the Company are held and
                     registered, at the time this agreement is signed, with the
                     Mizrahi Hameuhad Bank Ltd. Trust Company (the "Trustee"),
                     and are free of any lien, attachment, mortgage, or third
                     party rights of any sort, and shall grant Ituran, after
                     being transferred, with all the rights to which the
                     shareholders in the Company are entitled.

              2.2.4. The Directors shall instruct the Trustee to register the
                     Transferred Shares to the name of Ituran, at the request of
                     Ituran as set out in Section 3.1 below.

3.     EXCHANGE OF SHARES

       3.1.   The Directors shall sign a share transfer bill of the Transferred
              Shares of the Company, in respect of their entire holdings in the
              Company, to Ituran, no later than thirty days after the signing of
              this agreement. It is clarified that the holdings of the Directors
              are held by the Trustee, and therefore the Directors undertake to
              ensure that the Trustee will sign any document required for
              transfer of the shares to Ituran. The Trustee shall sign the
              documents only on the date the shares of Ituran are allocated to
              the name of the Directors or to the name of a trustee on their
              behalf.

                                       3

       3.2.   The documents of the transfer of the shares of the Directors in
              the Company, including the documents which shall be signed by the
              Mizrahi Bank Trust Company which will enable the transfer of the
              shares of the Directors in the Company to Ituran, shall be held in
              trusteeship by Attorney Ze'ev Weiss, who shall transfer them to
              Ituran on the date the shares in Ituran shall be allocated to the
              Directors. On the date the shares in Ituran are allocated to the
              Directors, Attorney Weiss shall transfer all of the documents
              which enable the transfer of the shares of the Company, as stated,
              to Ituran, and Ituran shall be entitled to transfer the
              Transferred Shares of the Company on its name.

       3.3.   Subject to receiving the approval of all the bodies mentioned in
              sub-Section 2.2.1. above, Ituran shall allocate 152,365 shares(1)
              of common stock in Ituran, bearing a nominal value of 1 NIS each,
              having equal rights to all issued shares of Ituran and comprising,
              as of the date this agreement is signed, 2.5% of the issued and
              paid up capital of Ituran, to the Directors, at the meeting at
              which the documents of transfer of the Transferred Shares of the
              Company from the Directors to the name of Ituran, shall be
              received. It shall be clearly understood that allocation of new
              shares to any person after the signing of this agreement shall
              reduce the proportion of the Directors in Ituran stock, as well as
              the proportion of all the other holders of shares/options in
              Ituran.

       3.4.   The Parties agree that if on the trading days beginning on 1
              December, 2003 and concluding on 1 February, 2004, the value of
              Ituran should be a total of less than USD 52 million, according to
              the average daily dollar value of the share of Ituran at the Tel
              Aviv Stock Exchange (according to the publications of the Tel Aviv
              Stock Exchange), then Ituran shall allocate additional shares
              numbering 76,182 shares(2) bearing a nominal value of NIS 1 each,
              comprising 1.25% of the issued and paid up capital of Ituran, to
              the Directors, while receiving no further consideration beyond the
              Transferred Shares of the Company as above (the "Additional
              Amount"). It shall be clarified that the Additional Amount shall
              be subject to every legal limitation applicable at that time.
              Ituran shall apply for the approval of the bodies stated in
              sub-Section 2.2.1. above, regarding the Additional Amount as well.
              The provisions of sub-Section 3.3. above shall apply, mutatis
              mutandis, to the Additional Amount as well.

       3.5.   It shall be clarified that according to the Securities
              Regulations, the shares and the Additional Amount allocated to the
              Directors shall be completely restricted for three months, and
              subsequently and for a period of one year each of the Directors
              shall be entitled to sell no more than 1% of the issued and paid
              up capital of Ituran per quarter. At the end of said year, no
              further restriction shall apply to the sale of Ituran stock.

       3.6.   The Additional Amount shall be allocated to the Directors without
              consideration.

---------------------
(1) According to the following division: Eddy Kafry - 60,947 shares. Avri Franko
and Roman Sternberg - 45,709 shares each.
(2) According to the following division: Eddy Kafry - 30,472 shares. Avri Franko
and Roman Sternberg - 22,855 shares each.

                                       4

       3.7.   At the date of the signing of this agreement, the allocation of
              the shares and of the Additional Amount shall be subject to the
              provisions of Section 102 of the Income Tax Ordinance, with all
              the implications of that fact and the shares will be allocated to
              the name of a trustee.

       3.8.   The Company shall bear all costs connected to the legal advice
              that the Directors shall receive concerning this agreement, as
              well as the costs the Trust Company shall incur in connection with
              the restriction placed on the allocated shares - should there be
              such costs.

       3.9.   Deleted intentionally.

       3.10.  Beginning on the date of the allocation of the shares to the
              Directors, and so long as the Directors remain office holders in
              the Company or in Ituran, the Directors shall be entitled to
              appoint one observer on their behalf, to the Board of Directors of
              Ituran.

4.     TAXATION

       4.1.   The Directors alone shall pay any tax that should result from
              receiving the shares and the Additional Amount (should it be
              received), as well as from the transfer or sale therein.

5.     WAIVER OF THE RIGHTS OF THE DIRECTORS AS SHAREHOLDERS IN THE COMPANY AND
       OF RIGHTS DURING ISSUE OF STOCK

       5.1.   Concurrently with the transfer of the Transferred Shares of the
              Company to Ituran, as stated in this agreement above, the
              Directors shall waive any right whatsoever to receive
              shares/options in the Company, insofar as they exist, and these
              shall become void at that time. To avoid doubt, it is clarified
              that the options to receive management shares in the Company which
              have been given the Directors will also become void on the date
              shares of Ituran are allocated, as set out in this agreement.

       5.2.   Upon allocation of the shares of Ituran to the Directors as set
              out in this agreement, the Directors hereby waive any right
              whatsoever granted to them by both the Agreement and their
              Employment Agreements, concerning their holding of Company shares.
              The Directors shall sign any document that shall be required in
              order to amend the articles of the Company, so that they will
              convey what is stated in this Section.

       5.3.   Notwithstanding the above, the Directors shall continue to serve
              as directors on the Board of Directors of the Company, so long as
              they continue to serve as office holders in the Company.
              Subsequently, the board of directors may terminate their service
              by a resolution passed by a regular majority.

       5.4.   So long as the Directors continue to serve in the Company as
              office holders and for six months subsequently (if they should be
              dismissed from the

                                       5

              Company), the Directors shall be entitled to have shares/stock
              options which shall be equivalent to 7.5% of the issued and paid
              up capital of the Company, allocated to them without
              consideration, as part of a prospectus to issue shares of the
              Company to the public (if there should be such a prospectus). The
              stock issue according to this Section shall be carried out subject
              to such conditions and in such a manner as shall be agreed upon
              with the underwriters of the stock issue. The exercise price shall
              be one NIS and other arrangements (such as the period of vesting)
              shall be as specified in said prospectus by the Board of Directors
              of the Company.

       5.5.   So long as the Directors continue to serve in the Company as
              office holders and for six months subsequently (if they should be
              dismissed from the Company), the Directors shall be entitled to
              have shares/stock options which shall be equivalent to 3.8% of the
              issued and paid up capital of the Company allocated to them
              without consideration, as part of a prospectus to issue shares of
              a subsidiary of the Company which is making use of the
              intellectual property of the Company, to the public (if there
              should be such a prospectus). The stock issue according to this
              Section shall be carried out subject to such conditions and in
              such a manner as shall be agreed upon with the underwriters of the
              stock issue. The exercise price shall be one NIS and other
              arrangements (such as the period of vesting) shall be as specified
              in said prospectus by the Board of Directors of the Company. It
              shall be clearly understood, that such a stock issue shall be
              subject to the control of the issued company remaining in the
              hands of the Company, and for this purpose the Directors agree to
              sign a voting agreement insofar as one shall be required in order
              to keep control as stated.

       5.6.   Sections 6 and 7 of the Agreement are hereby voided.

6.     CHANGES IN THE TERMS OF EMPLOYMENT OF THE DIRECTORS

       6.1.   The Employment Agreement of the Directors at the Company shall be
              extended by five years, i.e. until 31 December, 2007 (the
              "Determining Date") on the terms specified in the Employment
              Agreements insofar as they were not expressly changed in this
              agreement. After that date, the Board of Directors of the Company
              shall be entitled to decide whether or not to extend the period of
              employment or terminate it on a specific date

       6.2.   If the Company should cease to act as a going concern for any
              reason whatsoever, the Directors will be employed by Ituran until
              the Determining Date on the same terms at similar status, in a
              separate division that shall be set up in Ituran and which shall
              manage the activity of the Company. If no such position shall be
              found for any one of the Directors, that Director shall be
              entitled to resign from the Company as if dismissed, with all the
              implications of such a resignation.

       6.3.   In lieu of the bonus to which the Directors are entitled pursuant
              to the Employment Agreements, the Directors shall be entitled to a
              single annual bonus at the end of each year beginning in 2003,
              equivalent to 3% (three

                                       6

              percent) of the operating profit without capitalizations, one time
              expenses, and allocations (the "Bonus"), the Bonus shall not be
              considered a salary for the purposes of social deductions or the
              accrual of any rights whatsoever. Accordingly, any other bonus the
              Directors had been entitled to according to their Employment
              Agreement (insofar as they were entitled to such a bonus), shall
              be revoked.

       6.4.   The Directors hereby waive the grossing up of the value of the use
              of the vehicle provided them by the Company, and shall pay any tax
              that shall result from receiving said vehicle.

7.     MISCELLANEOUS

       7.1.   No change to this agreement shall be valid unless set out in
              writing and signed by both parties.

       7.2.   Failure to implement any right whatsoever provided by this
              agreement or by law, shall not be considered a waiver and the
              other party shall gain no claim of delay.

       7.3.   This agreement revokes all prior or contradictory agreements
              between the Parties on each subject dealt with herein.

       7.4.   No party is entitled to transfer his rights or obligations
              pursuant to this agreement in any manner, in whole or in part
              unless obtaining the consent of the other party.

       7.5.   The provisions of this agreement reflect and comprise all that was
              agreed between the parties, and revoke previous agreements and/or
              promises and/or representations, if made, with regard to this
              transaction.

       7.6.   No changes to this agreement and/or its appendices shall be valid
              in the least, unless made in writing and signed by all the
              Parties.

8.     NOTIFICATIONS

       Notifications to any of the Parties concerning this agreement shall be
       sent to the addresses of the Parties as specified in the preamble to this
       agreement. All notifications shall be sent either by registered mail or
       by messenger or by facsimile machine. Such notification shall be
       considered to be received within three business days of the day it was
       sent, if sent by registered mail, on the day of delivery if delivered by
       messenger, and if sent by facsimile machine, on the same day, so long as
       confirmation of its receipt in its entirety was received from the party
       to which it was sent.

        AND IN WITNESS THEREOF THE PARTIES HAVE AFFIXED THEIR SIGNATURES:

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     /s/ Eddy Kafry              /s/ Avri Franko            /s/ Roman Sternberg
    -------------------        -------------------          -------------------
         Eddy Kafry                Avri Franko                Roman Sternberg

          [Signature and Stamp]                [Signature and Stamp]

      -----------------------------       -------------------------------
        Telematics Wireless Ltd.          Ituran Location and Control Ltd

                                        8

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