ENGLISH SUMMARY OF THE LOAN AGREEMENT (ORIGINAL LANGUAGE – HEBREW) BY AND AMONG POINTER (EDEN TELECOM GROUP) LTD. NEXUS TELOCATION SYSTEMS LTD. GANDYR INVESTMENTS LTD. GOVLI LTD. SULAM FINANCIAL HOLDINGS LTD. AND EGGED HOLDINGS LTD. Dated November 16,...
Exhibit 4.17
ENGLISH SUMMARY OF THE
LOAN AGREEMENT
(ORIGINAL LANGUAGE – HEBREW)
BY AND AMONG
POINTER (EDEN TELECOM GROUP) LTD.
NEXUS TELOCATION SYSTEMS LTD.
GANDYR INVESTMENTS LTD.
GOVLI LTD.
SULAM FINANCIAL HOLDINGS LTD.
AND
EGGED HOLDINGS LTD.
Dated November 16,
2004
(the
“Agreement”)
Description: Loan Amount: Term and Interest: |
Loan Agreement pursuant to which Nexus Telocation Systems Ltd. ("Nexus"), Egged Holdings Ltd., Gandyr Investments Ltd., Govli Ltd. and Sulam Financial Holdings Ltd. (together, the "Lenders") loaned Pointer (Eden Telecom Group) Ltd. ("Pointer") NIS 10 million in connection with the purchase by Pointer of certain activities and assets of Shagrir Towing Services Ltd. and its subsidiary, Shagrir (1985) Ltd. NIS 10 million (of which NIS 5 million was loaned by Nexus). Interest repayments and repayments of the principal shall commence on August 28, 2005. Interest under the loan shall be payable at a rate of 6.5% per year. |