Exhibit 3

[Unofficial Translation]

December 6, 2010

Powers of Signature in The Phoenix Holdings Ltd.

(hereinafter: the "Company")

In accordance with a resolution of the Board of Directors, the powers of signature in the Company as of December 6th, 2010 are as follows:

General Rights of Signature

 1. The signatures of two directors from Group A shall bind the Company in any matter for an unlimited amount.

 2. The signature of the Chairman of the Board of Directors and the General Manager of the Company together, or the signature of one of them with the addition of a director from Group B, shall bind the Company in any matter for an unlimited amount.

 3. The signature of one of the directors from Group A together with the signature of one of the directors from Group B shall bind the Company in any matter up to a sum of NIS 50,000,000.

 4. The signatures of two directors from Group B shall commit the Company's accounts in any matter up to a sum of NIS 25,000,000.

 5. ***

Delegation and Revocation of Powers

 6. ***

 7. ***

 8. ***

Group A	Group B
***	***
***	***
***	Gady Greenstein
***	Orly Kronman Dagan
***
***
***
***
***

I hereby certify that the aforesaid resolutions of the Board of Directors were duly adopted and are binding on the Company for all intents and purposes.

/s/ Orly Kronan Dagan

Orly Kronman Dagan, Adv.

VP, Company Secretary