Exhibit 3
[Unofficial Translation]
May 25, 2017
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 May 25, 2017 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. |
Delegation and Revocation of Powers
| Group A | Group B | Group C |
| *** | *** | *** |
| *** | *** | *** |
| *** | | *** |
| *** | | *** |
| Eli Schwartz - Chief Financial Officer | | *** |
| Menachem Neeman | | *** |
| | | *** |
| | | *** |
| | | *** |
| | | *** |
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/ Menachem Neeman
Menachem Neeman, Adv.
VP, Legal Counsel, Company Secretary
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