Exhibit 3
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including amendments thereto) with respect to the ordinary shares, par value NIS 0.04 per share, of Laxai Pharma, Ltd. and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filings. In evidence thereof the undersigned, being duly authorized, hereby execute this Agreement this 4th day of March, 2011.
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| | UTA Capital LLC
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| | By: | YZT Management LLC, | |
| | | its managing member | |
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| | By: | /s/ Udi Toledano | |
| | | Udi Toledano | |
| Date: March 4, 2011 | | its managing member | |
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| | YZT Management LLC
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| | By: | /s/ Udi Toledano | |
| | | Udi Toledano | |
| | | its managing member | |
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| | Alleghany Capital Corporation
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| | By: | /s/ Roger B. Gorham | |
| | | Roger B. Gorham | |
| | | Chairman and President | |
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| | Alleghany Corporation
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| | By: | /s/ Roger B. Gorham | |
| | | Roger B. Gorham | |
| | | Senior Vice President– Finance and Investments and Chief Financial Officer | |
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| | /s/ Udi Toledano | |
| | Udi Toledano | |
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