| 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 ofLiability”)." |
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|   | 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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|   | 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 2.3above. |
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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 maybe. |
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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 auditcommittee. |
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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, asaforesaid. |
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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.                                                                                                                                                                                             |
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| 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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| 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 financialstatements. |
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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 ownsecurities. |
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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 itscommittees. |
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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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