**Exhibit      4.11**

**FORM      OF LETTER OF INDEMNITY**

**Adopted      June 12, 2008 **

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**Deed      of Indemnity **

**“Officers”**
**“the      Deed of Indemnity”**

**“the      Indemnity Resolution”**

| 1. | Subject                to the provisions of the law, the Company will indemnify you in respect                of                any liability or expense as described in Paragraph 2 below, that                may be                imposed on you as a consequence of one or more of the                following: |
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|   | 1.1 | Your                actions in your capacity as an officer of the                Company; |
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|   | 1.2 | Your                actions in your capacity as an officer or the holder of any other                position                in any other corporation in which the Company holds rights, directly                or                indirectly, or is an interested party therein (hereinafter - **“the                Other Company”**),                unless fulfilling the post in the Other Company is not in connection                with                your function in the Company or at its                request. |
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| 2. | The                Indemnity Undertaking as referred to in Paragraph 1 above will apply                in                respect of pecuniary liability and in respect of reasonable costs                of                litigation, which are indemnifiable according to law, as follows: |
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|   | 2.1 | Pecuniary                liability that may be imposed on you in favor of another person pursuant                to a judgment, including a judgment given in a compromise or in an                arbitrator’s award that has been approved by a court (hereinafter –                **“Liability”**),                provided that the actions as mentioned in Paragraph 1 above, to which                the                Liability relates, pertain to one or more of the events described                in the                schedule to this deed, which in the opinion of the board of directors                of                the Company are to be foreseen in light of the Company’s actual activities                at the time of giving of this undertaking, and provided that the                amount of                the indemnity which the Company will pay, on a cumulative basis,                to all                the persons entitled to indemnity in accordance with all the deeds                of                indemnity that will be issued to such persons in accordance with                the                Indemnity Resolution, in conformity with this paragraph, in respect                of one                or more of the events described in the schedule, does not exceed                an amount                equivalent to 25% (twenty-five percent) of the Company’s equity capital as                set forth in the Company’s most recent consolidated financial statements                prior to the applicable payment of indemnification (hereinafter –                **“the                Maximum Amount of Indemnity in respect of Liability”**)." |
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**“the      Balance”**
**“the      Entitled Officers”**
*pro      rata*

|   | 2.2 | Reasonable                costs of litigation, including attorneys’ fees, which you may incur as a                consequence of an investigation or proceeding conducted against you                by an                authority competent to conduct an investigation or proceeding, and                which                culminates without an indictment being filed against you, and without                pecuniary liability being imposed on you as an alternative for a                criminal                proceeding, or which culminates without the filing of an indictment                against you but with the imposition of pecuniary liability as an                alternative to criminal proceedings on an offence which does not                require                the proof of *mens                rea*; |
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**“the      Criminal Procedure Law”**

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|   | 2.3 | Reasonable                costs of litigation, including attorney’s fees, which you may incur or be                ordered to pay by a court, in a proceeding instituted against you                by the                Company or another company, as the case may be, or in its name (including                in the scope of a derivative claim) or by another person, or in a                criminal                indictment of which you are acquitted, or in a criminal indictment                in                which you are convicted of an offense which does not require the                proof of                *mens                rea*. |
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| 3. | The                Maximum Amount of Indemnity in respect of Liability is in addition                to                amounts that may be received from an insurance company, if received,                in                the scope of insurance the Company will purchase, if it purchases,                and                subject to the condition that the amounts that will be paid in accordance                with the deeds of indemnity and the insurance shall not exceed the                amount                of liability as defined in Paragraph 2.1 above, plus costs of litigation                as defined in Paragraphs 2.2 and 2.3                above. |
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| 4. | Upon                the occurrence of an event in respect of which you are likely to                be                entitled to indemnity in accordance with the foregoing, the Company                will,                from time to time, place at your disposal the moneys required to                cover the                expenses and the various other payments connected with the handling                of                such legal proceeding or investigation, in a manner whereby you will                not                be required to make payment thereof or to finance same yourself,                all                subject to the terms and conditions and the provisions set forth                in this                Deed of Indemnity. |
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| 5. | Without                derogating from the foregoing, the indemnity pursuant to this Deed                of                Indemnity is subject to the following                conditions: |
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|   | 5.1 | You                will notify the Company about any legal proceeding that may be commenced                against you or of any fear or threat that such proceeding may be                commenced                against you in connection with any event in relation to which the                indemnity is likely to apply, and will do so with proper celerity                after                having first learned of the fact, and you will pass on to the Company                or                to whomever it may notify you, any document that may be served on                you in                connection with such proceeding. |
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|   | 5.2 | The                Company will be entitled to assume the handling of your defense against                such legal proceeding and/or to entrust the aforesaid handling to                any                attorney the Company may select for the purpose (apart from an attorney                who is not acceptable to you in reasonable circumstances). The Company                and/or the attorney as aforesaid will act in the scope of the aforesaid                handling in order to bring the aforesaid proceeding to a termination;                the                attorney who has been appointed as aforesaid will act and will owe                a                fiduciary duty to the Company and to you. In a situation in which                a                conflict of interest arises between you and the Company, the attorney                will                notify you to that effect and you will be entitled to take an attorney                of                your own and the provisions of this Deed of Indemnity will apply                to                expenses you may have in respect of such appointment. The Company                will not                agree to the making of a compromise as a consequence of which it                will be                called upon to pay amounts for which you will not be indemnified                in                accordance with this Deed of Indemnity and will also not be paid                in the                scope of insurance the Company has purchased, except with its prior                written consent. Likewise in a case that the Company should elect                to                resolve the dispute by way of arbitration, it will be entitled to                do so,                provided that you give your prior written consent thereto, but such                consent shall not be withheld except on reasonable grounds. At the                Company’s request you will sign any document empowering it and/or any                attorney as aforesaid to handle your defense in such proceeding in                your                name and to represent you in all matters connected therewith, in                accordance with the foregoing. |
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|   | 5.3 | Whether                or not the Company acts in accordance with what is stated in Paragraph                5.2                above, it will attend to covering the liabilities and expenses mentioned                in Paragraph 2 above, in a manner that you will not be called upon                to pay                or finance same yourself, all subject to the contents of Paragraph                2                above. |
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|   | 5.4 | The                indemnity in connection with any legal proceeding against you, as                set                forth in this Deed of Indemnity, will not apply with respect to any                amount                that may be due from you as a consequence of a compromise or arbitration,                unless the Company agrees in writing to such compromise or to the                holding                of such arbitration, as the case may                be. |
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|   | 5.5 | The                Company will not be called upon to make payment in accordance with                this                Deed of Indemnity moneys which have actually been paid to you or                for you                or instead of you in any manner in the scope of insurance which has                been                purchased by the Company or by the other company, or any indemnity                obligation of any other person apart from the                Company. |
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|   | 5.6 | Should                the Company place at your disposal amounts in accordance with this                Deed of                Indemnity in relation to which there is a possibility that you will                be                called upon to refund same as stated in Paragraph 5.7 below, the                Company                will be entitled to make the placing thereof at your disposal conditional                upon an arrangement for collateral security as the Company deems                fit, with                the approval of the audit                committee. |
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|   | 5.7 | In                the event that the Company pays you or makes payment instead of you                of any                amounts in the scope of this Deed of Indemnity in connection with                a legal                proceeding as aforesaid, and it subsequently transpires that you                are not                entitled to indemnity from the Company in respect of such amounts,                those                amounts will be deemed to be a loan which was given to you by the                Company,                bearing interest at the minimum rate fixed in accordance with Section                3(i)                of the Income Tax Ordinance, or any other law that may come in its                stead,                as in force for the time being, and does not constitute a taxable                benefit,                and you will be obliged to repay the aforesaid amounts to the Company                when                called upon in writing by it to do so and in accordance with a payment                arrangement as will be decided by the Company. (You must confirm                your                agreement in writing to this Deed of Indemnity, including your agreement                to this paragraph). |
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| 6. | The                Company’s obligations under this Deed of Indemnity shall remain valid in                your favor also after you cease to hold office, provided that the                actions                in respect of which the indemnity is given were performed during                the                period of your holding of office, as                aforesaid. |
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| 7. | In                this Deed of Indemnity – |
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|   | **“Officer”**                                                        | – | within                meaning thereof under the Companies Law, 5759-1999 (**“the                Companies Law”**),                including the internal controller, the internal legal advisor and                the                secretary of the Company, and including any other officer to whom                the                Company may decide from time to time to issue a deed of indemnity                pursuant                to the Indemnity Resolution; |
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|   | **“Action”**                or                any derivative thereof | – | including                a decision and/or omission (or any derivative thereof) of an implied                nature, and including your actions prior to the date of this Deed                of                Indemnity.                                                                                                                                                                                                                                                                  |

| 8. | The                Company’s obligations pursuant to this Deed of Indemnity will be                interpreted broadly and in a manner intended for the fulfillment                thereof,                to whatever extent is permissible according to law, for the purpose                for                which such obligations were intended. In the case of a contradiction                between any provision in this Deed of Indemnity and the provision                of a law                which cannot be stipulated upon or altered or added to, the provision                of                the law as aforesaid will take precedence, but this will not affect                or                derogate from the validity of the remaining provisions of this Deed                of                Indemnity. |
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| 9. | The                schedule to this Deed of Indemnity constitutes an integral part                hereof. |
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| 10. | This                Deed of Indemnity is subject to the provisions of the third chapter                of the                sixth part of the Companies Law. |
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| 11. | Concurrent                with the issue of this Deed of Indemnity all previous deeds of indemnity                that have been given to you by the Company, to the extent that same                were                given, are cancelled, in relation to all your actions as described                in                Paragraph 1 above, with effect from the date of approval of the Indemnity                Resolution onwards. However, nothing in the foregoing shall prejudice                or                derogate from the validity of the previous deeds of indemnity that                were                given to you by the Company, to the extent that same were given,                if such                obligation is valid according to law and applies in relation to you                in                respect of your actions as described in Paragraph 1 above in the                period                preceding the approval of the Indemnity Resolution, provided that                your                entitlement to indemnity in respect of such liability and/or expense                shall                under all circumstances be only in accordance with one document amongst                the previous deeds of indemnity that have been given to you, to the                extent                that same were given, and this Deed of                Indemnity. |
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**In      witness where the Company has hereunto signed through its authorized signatories      who have been duly empowered to do so.**

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**LIST      OF EVENTS**

| 1. | Issue                of securities, including, but without derogating from the generality                of                the foregoing, an offering of securities to the public pursuant to                a                prospectus, private placement, tender offer or offering of securities                in                any other manner. |
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| 2. | An                event connected with the making of an investment by the Company before,                during and after the effecting of the investment, in the course of                negotiations, contractual arrangement, signature, development and                monitoring the investment, including actions performed on behalf                of the                Company as an officer, employee or observer in the corporation in                which                the investment is made. |
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| 3. | A                transaction or arrangement, including a transfer, sale or purchase                of                assets or liabilities, and including, but without derogating from                the                generality of the foregoing, goods, real estate, securities, or rights,                or                the giving or receiving of a right in any one of them and any action                connected, directly or indirectly with such transaction, and including                a                tender offer of any sort and another transaction in securities which                the                Company has issued, whether or not the Company is a party                thereto. |
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| 4. | A                report or notice filed or submitted according to any law, including,                but                without derogating from the generality of the foregoing, an event                arising                from the fact of the Company being a public company or arising from                the                fact of its securities having been offered to the public, or arising                from                the fact of its securities being traded on a stock exchange, and                including, but without derogating from the generality of the foregoing,                a                report or notice in accordance with the Companies Law or the Securities                Law, or the tax laws including regulations or directives made pursuant                thereto, or in accordance with laws or provisions that apply outside                of                Israel or a report or notice lodged or submitted in accordance with                rules,                directives or instructions customarily practiced on the stock exchange                in                Israel or abroad and/or failure to submit such report or                notice. |
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| 5. | An                act connected with voting rights in investee                companies. |
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| 6. | An                act connected with the management of market                risks. |
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| 7. | A                change in the structure of the Company or its reorganization or any                resolution relating thereto, including, but without derogating from                the                generality of the foregoing, a merger, split, alteration of the capital                of                the Company, setting up of subsidiaries, winding-up or sale                thereof. |
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| 8. | Action                connected directly or indirectly with employer-employee relationships                in                the Company and/or the commercial relations of the Company, including                employees, external contractors, customers, suppliers and service                providers, including negotiations, entering into and implementation                of                personal employment agreements or collective labor agreements, benefits                to                employees, including the issue of securities to                employees. |
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| 9. | An                act connected, directly or indirectly, with the sale of products,                purchase                of products, import of products, operation of branches and sites                of the                Company, safeguarding of public health and safety instructions and                provisions. |
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| 10. | An                act connected with the issue or non-issue of licenses and permits                for the                Company’s activities. |
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| 11. | The                preparation and approval of financial statements, including the passing                of                resolutions regarding the application of accounting rules and fresh                presentation in the financial                statements. |
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| 12. | An                act connected with a distribution, including, for the avoidance of                doubt,                a buy-back by the Company of its own                securities. |
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| 13. | The                transfer of information that is required or permissible for transfer                according to law between the Company and/or the other companies and                interested parties in any of them. |
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| 14. | Remarks,                statements including the expression of a position or opinion made                in good                faith by the Officer in the course of performing his function and                by                virtue of his function, and including in the framework of meetings                of the                board of directors or any of its                committees. |
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| 15. | An                act or deed on matters of planning and building, work safety, the                environment and recycling, public health, consumer                protection. |
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**“The      Securities Law”**

**“Security”,      “transaction”, “distribution”**

**“The      Company”**

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