<SEC-DOCUMENT>0001178913-20-000566.txt : 20200218
<SEC-HEADER>0001178913-20-000566.hdr.sgml : 20200218
<ACCEPTANCE-DATETIME>20200218123258
ACCESSION NUMBER:		0001178913-20-000566
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20200218
DATE AS OF CHANGE:		20200218
GROUP MEMBERS:		DELEK GROUP LTD.
GROUP MEMBERS:		ITSHAK SHARON (TSHUVA)

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MAGIC SOFTWARE ENTERPRISES LTD
		CENTRAL INDEX KEY:			0000876779
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				330477418
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-41906
		FILM NUMBER:		20624312

	BUSINESS ADDRESS:	
		STREET 1:		5 HAPLADA STREET
		CITY:			OR YEHUDA ISRAEL
		STATE:			L3
		ZIP:			60218
		BUSINESS PHONE:		97235389322

	MAIL ADDRESS:	
		STREET 1:		5 HAPLADA STREET
		CITY:			OR YEHUDA ISRAEL
		STATE:			L3
		ZIP:			60218

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Phoenix Holdings Ltd.
		CENTRAL INDEX KEY:			0001679543
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		53 DERECH HA'SHALOM ST.
		CITY:			GIVATAYIM
		STATE:			L3
		ZIP:			53454
		BUSINESS PHONE:		972-3-733-2997

	MAIL ADDRESS:	
		STREET 1:		53 DERECH HA'SHALOM ST.
		CITY:			GIVATAYIM
		STATE:			L3
		ZIP:			53454
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>zk2024051.htm
<DESCRIPTION>SC 13G/A
<TEXT>
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      <div style="TEXT-ALIGN: center; FONT: bold 14pt/1.25 'Times New Roman', Times, serif">UNITED STATES</div>
      <div style="TEXT-ALIGN: center; FONT: bold 14pt/1.25 'Times New Roman', Times, serif">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="font-weight: bold; text-align: center; line-height: 1.25;">Washington, D.C.&#160; 20549</div>
      <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
      </div>
      <div style="TEXT-ALIGN: center; FONT: bold 14pt/1.25 'Times New Roman', Times, serif">SCHEDULE 13G</div>
      <div style="font-weight: bold; text-align: center; line-height: 1.25;">UNDER THE SECURITIES EXCHANGE ACT OF 1934</div>
      <div style="font-weight: bold; text-align: center; line-height: 1.25;">(Amendment No. 3)*</div>
      <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
      </div>
      <div style="TEXT-ALIGN: center; FONT: bold 16pt/1.25 'Times New Roman', Times, serif"><u>Magic Software Enterprises&#160;Ltd.</u></div>
      <div style="font-weight: bold; text-align: center; line-height: 1.25;">(Name of Issuer)</div>
      <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
      </div>
      <div style="text-align: center; line-height: 1.25;"><u>Ordinary Shares, </u><u>NIS 0.1 </u><u>par value</u></div>
      <div style="font-weight: bold; text-align: center; line-height: 1.25;">(Title of Class of Securities)</div>
      <div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
      </div>
      <div style="text-align: center; line-height: 1.25;"><u>559166103</u></div>
      <div style="font-weight: bold; text-align: center; line-height: 1.25;">&#160;(CUSIP Number)</div>
      <div style="LINE-HEIGHT: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25;"><u>December 31</u><u>, 2019</u></div>
      <div style="font-weight: bold; text-align: center; line-height: 1.25;">&#160;(Date of Event Which Requires Filing of this Statement)</div>
      <br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; line-height: 1.25;">Check the appropriate box to designate the rule pursuant to which this Schedule is filed:</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; line-height: 1.25; text-indent: 36pt;">&#9744;&#160;Rule 13d-1(b)</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; line-height: 1.25; text-indent: 36pt;">&#9746; Rule 13d-1(c)</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; line-height: 1.25; text-indent: 36pt;">&#9744;&#160;Rule 13d-1(d)</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: justify; line-height: 1.25;">*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing
      information which would alter the disclosures provided in a prior cover page.</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: justify; line-height: 1.25;">The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the <font style="font-style: italic;">Securities Exchange Act</font>
      of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</div>
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            <div style="font-weight: bold; text-align: center; line-height: 1.25; margin-right: 30.65pt;">
              <div style="font-weight: bold; text-align: left; line-height: 1.25;">CUSIP No. 559166103</div>
            </div>
          </td>
          <td style="VERTICAL-ALIGN: top; WIDTH: 35.42%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">13G</div>
          </td>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 28.04%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">Page 2 of 10 Pages</div>
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    <table cellspacing="0" cellpadding="1" border="0" style="FONT-SIZE: 10pt; BORDER-TOP: medium none; FONT-FAMILY: 'Times New Roman', Times, serif; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100%" id="zf0ba3c2b15614457af1303d0ff929d7b">

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            <div style="font-weight: bold; text-align: center; line-height: 1.25;">1</div>
          </td>
          <td colspan="3" style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 94.44%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">NAME OF REPORTING PERSONS</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">Itshak Sharon (Tshuva)</div>
          </td>
        </tr>
        <tr>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: medium none; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 5.56%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">2</div>
          </td>
          <td colspan="3" style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 94.44%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP&#160;&#160; (See instructions)</div>
            <div style="text-align: left; margin-left: 299.35pt; line-height: 1.25; margin-right: 30pt; text-indent: -290.6pt;">(a)&#160; &#9744;</div>
            <div style="text-align: left; margin-left: 299.35pt; line-height: 1.25; margin-right: 30pt; text-indent: -290.6pt;">(b)&#160; &#9746;</div>
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            <div style="font-weight: bold; text-align: center; line-height: 1.25;">3</div>
          </td>
          <td colspan="3" style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 94.44%; BACKGROUND-COLOR: #d4d4d4">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">SEC USE ONLY</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
          </td>
        </tr>
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          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: medium none; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 5.56%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">4</div>
          </td>
          <td colspan="3" style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 94.44%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">Israel</div>
          </td>
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        <tr>
          <td colspan="2" rowspan="4" style="border-top: #000000 2px solid; border-right: medium none; vertical-align: middle; border-bottom: medium none; text-align: left; border-left: #000000 2px solid; width: 17.36%;">
            <div style="TEXT-ALIGN: center">NUMBER OF</div>
            <div style="TEXT-ALIGN: center">SHARES</div>
            <div style="TEXT-ALIGN: center">BENEFICIALLY</div>
            <div style="TEXT-ALIGN: center">OWNED BY</div>
            <div style="TEXT-ALIGN: center">EACH</div>
            <div style="TEXT-ALIGN: center">REPORTING</div>
            <div style="TEXT-ALIGN: center">PERSON WITH</div>
          </td>
          <td style="border-top: #000000 2px solid; border-right: medium none; vertical-align: top; border-bottom: medium none; font-weight: bold; border-left: #000000 2px solid; width: 7.35%;">
            <div style="TEXT-ALIGN: center">5</div>
          </td>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 80.47%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">SOLE VOTING POWER</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">---</div>
          </td>
        </tr>
        <tr>
          <td style="border-top: #000000 2px solid; border-right: medium none; vertical-align: top; border-bottom: medium none; font-weight: bold; border-left: #000000 2px solid; width: 7.35%;">
            <div style="TEXT-ALIGN: center">6</div>
          </td>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 80.47%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">SHARED VOTING POWER</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">
              <div style="line-height: 1.25;">
                <div style="line-height: 1.25;">
                  <div style="line-height: 1.25;">
                    <div style="line-height: 1.25;">0 (*)</div>
                  </div>
                </div>
              </div>
            </div>
          </td>
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          <td style="border-top: #000000 2px solid; border-right: medium none; vertical-align: top; border-bottom: medium none; font-weight: bold; border-left: #000000 2px solid; width: 7.35%;">
            <div style="TEXT-ALIGN: center">7</div>
          </td>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 80.47%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">SOLE DISPOSITIVE POWER</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">---</div>
          </td>
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          <td style="border-top: #000000 2px solid; border-right: medium none; vertical-align: top; border-bottom: medium none; font-weight: bold; border-left: #000000 2px solid; width: 7.35%;">
            <div style="TEXT-ALIGN: center">8</div>
          </td>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 80.47%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">SHARED DISPOSITIVE POWER</div>
            <div style="LINE-HEIGHT: 1.25">
              <div style="text-align: left; line-height: 1.25;">&#160;</div>
              <div style="text-align: left; line-height: 1.25;">
                <div style="line-height: 1.25;">
                  <div style="line-height: 1.25;">
                    <div style="line-height: 1.25;">0 (*)</div>
                  </div>
                </div>
              </div>
            </div>
          </td>
        </tr>
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          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: medium none; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 5.56%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">9</div>
          </td>
          <td colspan="3" style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 94.44%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">
              <div style="line-height: 1.25;">
                <div style="line-height: 1.25;">
                  <div style="line-height: 1.25;">
                    <div style="line-height: 1.25;">0 (*)</div>
                  </div>
                </div>
              </div>
            </div>
          </td>
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          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: medium none; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 5.56%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">10</div>
          </td>
          <td colspan="3" style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 94.44%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions)</div>
            <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 30pt">&#160;</div>
            <div style="LINE-HEIGHT: 1.25">&#9744;</div>
          </td>
        </tr>
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          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: medium none; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 5.56%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">11</div>
          </td>
          <td colspan="3" style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 94.44%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">
              <div style="line-height: 1.25;">
                <div style="line-height: 1.25;">
                  <div style="line-height: 1.25;">
                    <div style="line-height: 1.25;">0% (*)</div>
                  </div>
                </div>
              </div>
            </div>
          </td>
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          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: medium none; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 5.56%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">12</div>
          </td>
          <td colspan="3" style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 94.44%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">TYPE OF REPORTING PERSON&#160;&#160; (See instructions)</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">IN</div>
          </td>
        </tr>

    </table>
    <div style="LINE-HEIGHT: 1.25">&#160;</div>
    <div style="LINE-HEIGHT: 1.25">
      <div id="DSPFPageHeader">
        <div style="text-align: justify; line-height: 1.25;">(*) The beneficial ownership of the securities reported herein is described in Item 4(a).</div>
        <div style="text-align: left; line-height: 1.25;"><br>
        </div>
      </div>
    </div>
    <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
      <div style="TEXT-ALIGN: center" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font></div>
      <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
        <hr noshade="noshade" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000"> </div>
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            <div style="font-weight: bold; text-align: left; line-height: 1.25;">CUSIP No. 559166103</div>
          </td>
          <td style="VERTICAL-ALIGN: top; WIDTH: 35.42%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">13G</div>
          </td>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 28.04%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">Page 3 of 10 Pages</div>
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    <table cellspacing="0" cellpadding="1" border="0" style="FONT-SIZE: 10pt; BORDER-TOP: medium none; FONT-FAMILY: 'Times New Roman', Times, serif; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100%" id="z9d29a83a7e4e49788300a35bbe032b3c">

        <tr>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: medium none; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 5.56%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">1</div>
          </td>
          <td colspan="3" style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 94.44%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">NAME OF REPORTING PERSONS</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">Delek Group Ltd.</div>
          </td>
        </tr>
        <tr>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: medium none; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 5.56%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">2</div>
          </td>
          <td colspan="3" style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 94.44%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP&#160;&#160; (See instructions)</div>
            <div style="text-align: left; margin-left: 299.35pt; line-height: 1.25; margin-right: 30pt; text-indent: -290.6pt;">(a)&#160; &#9744;</div>
            <div style="text-align: left; margin-left: 299.35pt; line-height: 1.25; margin-right: 30pt; text-indent: -290.6pt;">(b)&#160; &#9746;</div>
          </td>
        </tr>
        <tr>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: medium none; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 5.56%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">3</div>
          </td>
          <td colspan="3" style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 94.44%; BACKGROUND-COLOR: #d4d4d4">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">SEC USE ONLY</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: medium none; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 5.56%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">4</div>
          </td>
          <td colspan="3" style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 94.44%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">Israel</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" rowspan="4" style="border-top: #000000 2px solid; border-right: medium none; vertical-align: middle; border-bottom: medium none; border-left: #000000 2px solid; width: 17.36%;">
            <div style="TEXT-ALIGN: center">NUMBER OF</div>
            <div style="TEXT-ALIGN: center">SHARES</div>
            <div style="TEXT-ALIGN: center">BENEFICIALLY</div>
            <div style="TEXT-ALIGN: center">OWNED BY</div>
            <div style="TEXT-ALIGN: center">EACH</div>
            <div style="TEXT-ALIGN: center">REPORTING</div>
            <div style="TEXT-ALIGN: center">PERSON WITH</div>
          </td>
          <td style="border-top: #000000 2px solid; border-right: medium none; vertical-align: top; border-bottom: medium none; font-weight: bold; border-left: #000000 2px solid; width: 8.25%;">
            <div style="TEXT-ALIGN: center">5</div>
          </td>
          <td style="border-top: #000000 2px solid; border-right: #000000 2px solid; vertical-align: top; border-bottom: medium none; border-left: #000000 2px solid; width: 79.41%;">
            <div>SOLE VOTING POWER</div>
            <div>&#160;</div>
            <div>---</div>
          </td>
        </tr>
        <tr>
          <td style="border-top: #000000 2px solid; border-right: medium none; vertical-align: top; border-bottom: medium none; font-weight: bold; border-left: #000000 2px solid; width: 8.25%;">
            <div style="TEXT-ALIGN: center">6</div>
          </td>
          <td style="border-top: #000000 2px solid; border-right: #000000 2px solid; vertical-align: top; border-bottom: medium none; border-left: #000000 2px solid; width: 79.41%;">
            <div>SHARED VOTING POWER</div>
            <div>&#160;</div>
            <div>
              <div style="text-align: left; line-height: 1.25;">
                <div style="line-height: 1.25;">
                  <div style="line-height: 1.25;">
                    <div style="line-height: 1.25;">0 (*)</div>
                  </div>
                </div>
              </div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="border-top: #000000 2px solid; border-right: medium none; vertical-align: top; border-bottom: medium none; font-weight: bold; border-left: #000000 2px solid; width: 8.25%;">
            <div style="TEXT-ALIGN: center">7</div>
          </td>
          <td style="border-top: #000000 2px solid; border-right: #000000 2px solid; vertical-align: top; border-bottom: medium none; border-left: #000000 2px solid; width: 79.41%;">
            <div>SOLE DISPOSITIVE POWER</div>
            <div>&#160;</div>
            <div>---</div>
          </td>
        </tr>
        <tr>
          <td style="border-top: #000000 2px solid; border-right: medium none; vertical-align: top; border-bottom: medium none; font-weight: bold; border-left: #000000 2px solid; width: 8.25%;">
            <div style="TEXT-ALIGN: center">8</div>
          </td>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 79.41%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">SHARED DISPOSITIVE POWER</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">
              <div style="line-height: 1.25;">
                <div style="line-height: 1.25;">
                  <div style="line-height: 1.25;">
                    <div style="line-height: 1.25;">0 (*)</div>
                  </div>
                </div>
              </div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: medium none; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 5.56%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">9</div>
          </td>
          <td colspan="3" style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 94.44%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">
              <div style="line-height: 1.25;">
                <div style="line-height: 1.25;">
                  <div style="line-height: 1.25;">
                    <div style="line-height: 1.25;">0 (*)</div>
                  </div>
                </div>
              </div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: medium none; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 5.56%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">10</div>
          </td>
          <td colspan="3" style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 94.44%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions)</div>
            <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 30pt">&#160;</div>
            <div style="LINE-HEIGHT: 1.25">&#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: medium none; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 5.56%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">11</div>
          </td>
          <td colspan="3" style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 94.44%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">
              <div style="line-height: 1.25;">
                <div style="line-height: 1.25;">
                  <div style="line-height: 1.25;">
                    <div style="line-height: 1.25;">0% (*)</div>
                  </div>
                </div>
              </div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: medium none; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 5.56%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">12</div>
          </td>
          <td colspan="3" style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 94.44%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">TYPE OF REPORTING PERSON&#160;&#160; (See instructions)</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">CO</div>
          </td>
        </tr>

    </table>
    <div style="LINE-HEIGHT: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">
      <div style="line-height: 1.25;">(*) The beneficial ownership of the securities reported herein is described in Item 4(a).</div>
      <div style="line-height: 1.25;"> <br>
      </div>
    </div>
    <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
      <div style="TEXT-ALIGN: center" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</font></div>
      <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
        <hr noshade="noshade" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000"> </div>
      <div id="DSPFPageHeader">
        <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
        </div>
      </div>
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <table cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" id="z64d68dfe5c98464cb937d67757768166">

        <tr>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 36.54%">
            <div style="font-weight: bold; text-align: left; line-height: 1.25;">CUSIP No. 559166103</div>
          </td>
          <td style="VERTICAL-ALIGN: top; WIDTH: 35.42%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">13G</div>
          </td>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 28.04%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">Page 4 of 10 Pages</div>
          </td>
        </tr>

    </table>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <table cellspacing="0" cellpadding="1" border="0" style="FONT-SIZE: 10pt; BORDER-TOP: medium none; FONT-FAMILY: 'Times New Roman', Times, serif; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100%" id="z5667e54625584d7ba3c5812d71a822b4">

        <tr>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: medium none; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 5.56%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">1</div>
          </td>
          <td colspan="3" style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 94.44%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">NAME OF REPORTING PERSONS</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">The Phoenix Holdings Ltd.</div>
          </td>
        </tr>
        <tr>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: medium none; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 5.56%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">2</div>
          </td>
          <td colspan="3" style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 94.44%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP&#160;&#160; (See instructions)</div>
            <div style="text-align: left; margin-left: 299.35pt; line-height: 1.25; margin-right: 30pt; text-indent: -290.6pt;">(a)&#160; &#9744;</div>
            <div style="text-align: left; margin-left: 299.35pt; line-height: 1.25; margin-right: 30pt; text-indent: -290.6pt;">(b)&#160; &#9746;</div>
          </td>
        </tr>
        <tr>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: medium none; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 5.56%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">3</div>
          </td>
          <td colspan="3" style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 94.44%; BACKGROUND-COLOR: #d4d4d4">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">SEC USE ONLY</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: medium none; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 5.56%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">4</div>
          </td>
          <td colspan="3" style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 94.44%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">Israel</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" rowspan="4" style="border-top: #000000 2px solid; border-right: medium none; vertical-align: middle; border-bottom: medium none; border-left: #000000 2px solid; width: 17.36%;">
            <div style="TEXT-ALIGN: center">NUMBER OF</div>
            <div style="TEXT-ALIGN: center">SHARES</div>
            <div style="TEXT-ALIGN: center">BENEFICIALLY</div>
            <div style="TEXT-ALIGN: center">OWNED BY</div>
            <div style="TEXT-ALIGN: center">EACH</div>
            <div style="TEXT-ALIGN: center">REPORTING</div>
            <div style="TEXT-ALIGN: center">PERSON WITH</div>
          </td>
          <td style="border-top: #000000 2px solid; border-right: medium none; vertical-align: top; border-bottom: medium none; font-weight: bold; border-left: #000000 2px solid; width: 7.52%;">
            <div style="TEXT-ALIGN: center">5</div>
          </td>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 80.31%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">SOLE VOTING POWER</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">---</div>
          </td>
        </tr>
        <tr>
          <td style="border-top: #000000 2px solid; border-right: medium none; vertical-align: top; border-bottom: medium none; font-weight: bold; border-left: #000000 2px solid; width: 7.52%;">
            <div style="TEXT-ALIGN: center">6</div>
          </td>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 80.31%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">SHARED VOTING POWER</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">
              <div style="line-height: 1.25;">
                <div style="line-height: 1.25;">
                  <div style="line-height: 1.25;">
                    <div style="line-height: 1.25;">2,224,827 (*)</div>
                  </div>
                </div>
              </div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="border-top: #000000 2px solid; border-right: medium none; vertical-align: top; border-bottom: medium none; font-weight: bold; border-left: #000000 2px solid; width: 7.52%;">
            <div style="TEXT-ALIGN: center">7</div>
          </td>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 80.31%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">SOLE DISPOSITIVE POWER</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">---</div>
          </td>
        </tr>
        <tr>
          <td style="border-top: #000000 2px solid; border-right: medium none; vertical-align: top; border-bottom: medium none; font-weight: bold; border-left: #000000 2px solid; width: 7.52%;">
            <div style="TEXT-ALIGN: center">8</div>
          </td>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 80.31%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">SHARED DISPOSITIVE POWER</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">
              <div style="line-height: 1.25;">
                <div style="line-height: 1.25;">
                  <div style="line-height: 1.25;">
                    <div style="line-height: 1.25;">2,224,827 (*)</div>
                  </div>
                </div>
              </div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: medium none; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 5.56%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">9</div>
          </td>
          <td colspan="3" style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 94.44%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">
              <div style="line-height: 1.25;">
                <div style="line-height: 1.25;">
                  <div style="line-height: 1.25;">
                    <div style="line-height: 1.25;">2,224,827 (*)</div>
                  </div>
                </div>
              </div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: medium none; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 5.56%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">10</div>
          </td>
          <td colspan="3" style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 94.44%">
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions)</div>
            <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 30pt">&#160;</div>
            <div style="LINE-HEIGHT: 1.25">&#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: medium none; VERTICAL-ALIGN: top; BORDER-BOTTOM: medium none; BORDER-LEFT: #000000 2px solid; WIDTH: 5.56%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">11</div>
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            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">
              <div style="line-height: 1.25;">
                <div style="line-height: 1.25;">
                  <div style="line-height: 1.25;">
                    <div style="line-height: 1.25;">4.55% (*) (**)</div>
                  </div>
                </div>
              </div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: medium none; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; WIDTH: 5.56%">
            <div style="font-weight: bold; text-align: center; line-height: 1.25;">12</div>
          </td>
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            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">TYPE OF REPORTING PERSON&#160;&#160; (See instructions)</div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="text-align: left; line-height: 1.25; margin-right: 30pt;">CO</div>
          </td>
        </tr>

    </table>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; line-height: 1.25;">
      <div id="DSPFPageHeader">
        <div style="text-align: justify; line-height: 1.25;">(*) The beneficial ownership of the securities reported herein is described in Item 4(a).</div>
        <div style="text-align: justify; line-height: 1.25;"><br>
        </div>
        <div style="text-align: justify; line-height: 1.25;">
          <div style="line-height: 1.25;">
            <div style="line-height: 1.25;">(**) Based on 48,928,288 Ordinary Shares outstanding as of December 16, 2019 (as reported by the Issuer in in Exhibit 99.1 to its form 6-K filed with the Securities and Exchange Commission on December 16, 2019).
            </div>
          </div>
        </div>
        <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
        </div>
      </div>
    </div>
    <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
      <div style="TEXT-ALIGN: center" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">4</font></div>
      <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
        <hr noshade="noshade" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000"> </div>
      <div id="DSPFPageHeader">
        <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
        </div>
      </div>
    </div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">&#160;</div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25"><font style="font-weight: bold;">Item 1.</font> (a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Name of Issuer</u>:</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 78pt; line-height: 1.25;">Magic Software Enterprises&#160;Ltd.</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
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          <tr>
            <td style="vertical-align: top; width: 78pt; align: right;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(b)</td>
            <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
              <div><u>Address of Issuer's Principal Executive Offices</u>:</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="LINE-HEIGHT: 1.25">&#160;</div>
    <div style="LINE-HEIGHT: 1.25">
      <div style="text-align: left; margin-left: 78pt; line-height: 1.25; margin-right: 30.65pt;">5 Haplada Street, Or Yehuda 6021805, Israel</div>
    </div>
    <div style="LINE-HEIGHT: 1.25">&#160;</div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
      <table cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="zc0f2de13542d4d5aafd0339a4b0732f6">

          <tr>
            <td style="VERTICAL-ALIGN: top; WIDTH: 78pt; align: right"><font style="font-weight: bold;">Item 2.</font> (a)</td>
            <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
              <div><u>Name of Person Filing</u>:</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 78pt; line-height: 1.25; text-indent: 0pt;">1. Itshak Sharon (Tshuva)</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 78pt; line-height: 1.25; text-indent: 0pt;">2. Delek Group Ltd.</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 78pt; line-height: 1.25; text-indent: 0pt;">3. The Phoenix Holdings Ltd.</div>
    <div style="LINE-HEIGHT: 1.25"><br>
      <div style="text-align: justify; margin-left: 78pt; line-height: 1.25;">The securities reported herein are beneficially owned by various direct or indirect, majority or wholly-owned subsidiaries of the Phoenix Holdings Ltd. (the "Subsidiaries").&#160; The
        Subsidiaries manage their own funds and/or the funds of others, including for holders of exchange-traded notes or various insurance policies, members of pension or provident funds, unit holders of mutual funds, and portfolio management clients.&#160;
        Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 0pt; margin-left: 78pt; line-height: 1.25;">
        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">As of November 3, 2019, the Phoenix Holdings Ltd. is no longer controlled by Delek Group Ltd. </div>
      </div>
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
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          <tr>
            <td style="WIDTH: 45.8pt"><br>
            </td>
            <td style="vertical-align: top; width: 32.2pt; align: right;">(b)</td>
            <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
              <div><u>Address of Principal Business Office</u>:</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="LINE-HEIGHT: 1.25">
      <div style="text-align: justify; margin-left: 78pt; line-height: 1.25; text-indent: 0pt;">The address of Itshak Sharon (Tshuva) and Delek Group Ltd. is 19 Abba Eban blvd, P.O.B. 2054, Herzliya, 4612001, Israel.</div>
      <br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 78pt; line-height: 1.25; text-indent: 0pt;">The address of the Phoenix Holdings Ltd. is Derech Hashalom 53, Givataim, 53454, Israel.&#160;</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
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          <tr>
            <td style="WIDTH: 45.8pt"><br>
            </td>
            <td style="vertical-align: top; width: 32.2pt; align: right;">(c)</td>
            <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
              <div><u>Citizenship</u>:</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 78pt; line-height: 1.25; text-indent: 0pt;">1. Itshak Sharon (Tshuva) - Israel</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 78pt; line-height: 1.25; text-indent: 0pt;">2. Delek Group Ltd. - Israel</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 78pt; line-height: 1.25; text-indent: 0pt;">3. The Phoenix Holdings Ltd. - Israel</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
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          <tr>
            <td style="WIDTH: 45.8pt"><br>
            </td>
            <td style="vertical-align: top; width: 32.2pt; align: right;">(d)</td>
            <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
              <div><u>Title of Class of Securities</u>:</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 49.65pt; line-height: 1.25; margin-right: 30.65pt; text-indent: 28.35pt;">Ordinary Shares, NIS 0.1 par value</div>
    <div style="LINE-HEIGHT: 1.25">&#160;</div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
      <table cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="z129d654f118c4d718b850fbc013f684d">

          <tr>
            <td style="WIDTH: 45.75pt"><br>
            </td>
            <td style="vertical-align: top; width: 32.25pt; align: right;">(e)</td>
            <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
              <div><u>CUSIP Number</u>:</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 49.65pt; line-height: 1.25; text-indent: 28.35pt;">559166103</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
      <div style="TEXT-ALIGN: center" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">5</font></div>
      <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
        <hr noshade="noshade" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000"> </div>
    </div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
      <table cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="z63710f53b1a546e493e9ede04a1fa3ed">

          <tr>
            <td style="VERTICAL-ALIGN: top; WIDTH: 78pt; align: right"><font style="font-weight: bold;">Item 3</font>.</td>
            <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
              <div>Not applicable.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
      <table cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="z3990d214e4044be1bd24c4ba781c6f2b">

          <tr>
            <td style="VERTICAL-ALIGN: top; WIDTH: 78pt; align: right"><font style="font-weight: bold;">Item 4</font>.</td>
            <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
              <div><u>Ownership</u>:</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
      <table cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="z506d1dbe9277487c95c7f463023ba2a7">

          <tr>
            <td style="WIDTH: 42.55pt"><br>
            </td>
            <td style="vertical-align: top; width: 35.45pt; align: right;">(a)</td>
            <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
              <div><u>Amount beneficially owned</u>:</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 78pt; line-height: 1.25; text-indent: 0pt;">See row 9 of cover page of each reporting person.</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: justify; margin-left: 78pt; line-height: 1.25; text-indent: 0pt;">Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions.&#160; Neither the filing of this Schedule
      13G nor any of its contents shall be deemed to constitute an admission by either the Filing Persons or Subsidiaries that a group exists for purposes of Section 13(d) of the Securities Exchange Act of 1934 or for any other purpose, and each reporting
      person disclaims the existence of any such group.&#160; In addition, each of the Filing Persons and Subsidiaries disclaims any beneficial ownership of the securities covered by this report in excess of their actual pecuniary interest therein.&#160;This
      Statement shall not be construed as an admission by the Filing Persons or Subsidiaries that they are the beneficial owners of any of the Ordinary Shares covered by this Statement, and each of Filing Persons and Subsidiaries disclaims beneficial
      ownership of any such Ordinary Shares.</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 78pt; line-height: 1.25; text-indent: 0pt;">As of December 31, 2019, the securities reported herein were held as follows:</div>
    <div style="text-align: left; margin-left: 78pt; line-height: 1.25; text-indent: 0pt;"> <br>
    </div>
    <div style="text-align: left; line-height: 1.25;">
      <table cellspacing="0" cellpadding="0" border="0" align="right" id="za987fcae164d4070a776e3511ca456b7" style="width: 90%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

          <tr>
            <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Ordinary Shares</div>
            </td>
            <td nowrap="nowrap" colspan="1" style="text-align: center; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; text-align: center;">&#160;</td>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Percentage of total Ordinary Shares outstanding</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">Excellence "nostro" accounts</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">--</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">--</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="line-height: 1.25;">Excellence provident funds</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div style="line-height: 1.25;">--</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div style="line-height: 1.25;">--</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">Excellence trust funds</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">454,176.36</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">0.93</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">%</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="line-height: 1.25;">Excellence ETF's</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div style="line-height: 1.25;">--</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div style="line-height: 1.25;">--</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">The Phoenix "nostro" accounts</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">--</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">--</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="line-height: 1.25;">The Phoenix pension</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div style="line-height: 1.25;">--</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div style="line-height: 1.25;">--</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">Linked insurance policies of Phoenix</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">--</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">--</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="line-height: 1.25;">Partnership for Israeli shares (1)</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div style="line-height: 1.25;">1,599,485</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div style="line-height: 1.25;">3.27</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div style="line-height: 1.25;">%</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">Partnership for investing in shares indexes (1)</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">171,165.64</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">0.35</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">%</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; background-color: rgb(255, 255, 255);">
              <div style="line-height: 1.25;">Partnership for international shares (1)</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div style="line-height: 1.25;">--</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div style="line-height: 1.25;">--</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>

      </table>
    </div>
    <br>
    <div style="CLEAR: both; LINE-HEIGHT: 1.25"> <br style="clear: both;">
    </div>
    <div style="CLEAR: both; LINE-HEIGHT: 1.25"> </div>
    <div style="CLEAR: both; LINE-HEIGHT: 1.25"> </div>
    <div style="text-align: left; margin-left: 77.8pt; line-height: 1.25;">(1) All ownership rights in this partnership belong to companies that are part of Phoenix Group. The amount of ownership rights held by such companies in the partnership changes
      frequently according to a mechanism provided in the partnership agreement.</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
      <table cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="z419a8c8000a24a0e929684a9799daf8e">

          <tr>
            <td style="WIDTH: 42.55pt"><br>
            </td>
            <td style="vertical-align: top; width: 35.25pt; align: right;">(b)</td>
            <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
              <div><u>Percent of class</u>:</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 78pt; line-height: 1.25; text-indent: 0pt;">See row 11 of cover page of each reporting person</div>
    <div style="LINE-HEIGHT: 1.25">&#160;</div>
    <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
      <div style="TEXT-ALIGN: center" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">6</font></div>
      <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
        <hr noshade="noshade" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000"> </div>
    </div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
      <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
      </div>
      <div style="line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="z54a8c1fad7aa4eea825b61032157dd57">

            <tr>
              <td style="WIDTH: 42.55pt"><br>
              </td>
              <td style="vertical-align: top; width: 35.45pt; align: right;">(c)</td>
              <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
                <div><u>Number of shares as to which such person has</u>:</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
      </div>
      <div style="line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="zee54e1d60045400eadf4ac8ec6f4beac">

            <tr>
              <td style="WIDTH: 77.8pt"><br>
              </td>
              <td style="vertical-align: top; width: 28.55pt; align: right;">(i)</td>
              <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
                <div>Sole power to vote or to direct the vote:</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
      </div>
      <div style="line-height: 1.25; text-indent: 106.35pt;">See row 5 of cover page of each reporting person</div>
      <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
      </div>
      <div style="line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="zb577fc0a2ae845fbab3fbe8a45a64d34">

            <tr>
              <td style="WIDTH: 77.8pt"><br>
              </td>
              <td style="vertical-align: top; width: 28.55pt; align: right;">(ii)</td>
              <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
                <div>Shared power to vote or to direct the vote:</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
      </div>
      <div style="margin-left: 106.35pt; line-height: 1.25;">See row 6 of cover page of each reporting person and note in Item 4(a) above</div>
    </div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">&#160;</div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
      <table cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="zdae503da61e14ffba5be5c0633b5cf91">

          <tr>
            <td style="WIDTH: 77.8pt"><br>
            </td>
            <td style="vertical-align: top; width: 28.55pt; align: right;">(iii)</td>
            <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
              <div>Sole power to dispose or to direct the disposition of:</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; line-height: 1.25; text-indent: 106.35pt;">See row 7 of cover page of each reporting person</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
      <table cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="zfdaa0fc348a646b19d3ef6b739ea8967">

          <tr>
            <td style="WIDTH: 77.8pt"><br>
            </td>
            <td style="vertical-align: top; width: 28.55pt; align: right;">(iv)</td>
            <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
              <div>Shared power to dispose or to direct the disposition of:</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 106.35pt; line-height: 1.25;">See row 8 of cover page of each reporting person and note in Item 4(a) above</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
      <table cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="z72d19c33fb5243998a124c660ecb4ebe">

          <tr>
            <td style="VERTICAL-ALIGN: top; WIDTH: 78pt; align: right"><font style="font-weight: bold;">Item 5</font>.</td>
            <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
              <div><u>Ownership of Five Percent or Less of a Class</u>:</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 78pt; line-height: 1.25;">
      <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5
        percent of the class of securities, check the following &#9746;.</div>
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
      <table cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="z0c3fac96d6884c58bf2636895c1df89a">

          <tr>
            <td style="VERTICAL-ALIGN: top; WIDTH: 78pt; align: right"><font style="font-weight: bold;">Item 6</font>.</td>
            <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
              <div><u>Ownership of More than Five Percent on Behalf of Another</u>:</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 78pt; line-height: 1.25;">Not applicable.</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
      <table cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="z11a8253bf84548b08a40365b4d9d2164">

          <tr>
            <td style="VERTICAL-ALIGN: top; WIDTH: 78pt; align: right"><font style="font-weight: bold;">Item 7</font>.</td>
            <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
              <div><u>Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person</u>:</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 78pt; line-height: 1.25;">Not applicable.</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
      <table cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="z3699f5619dad4153ac9dac3075bae450">

          <tr>
            <td style="VERTICAL-ALIGN: top; WIDTH: 78pt; align: right"><font style="font-weight: bold;">Item 8</font>.</td>
            <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
              <div><u>Identification and Classification of Members of the Group</u>:</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 78pt; line-height: 1.25;">Not applicable.</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
      <table cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="zeef34a9c868a4e7288b74d4631ba64a2">

          <tr>
            <td style="VERTICAL-ALIGN: top; WIDTH: 78pt; align: right"><font style="font-weight: bold;">Item 9</font>.</td>
            <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
              <div><u>Notice of Dissolution of Group</u>:</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 78pt; line-height: 1.25;">Not applicable.</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
      <div style="TEXT-ALIGN: center" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">7</font></div>
      <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
        <hr noshade="noshade" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000"> </div>
      <div id="DSPFPageHeader">
        <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
        </div>
      </div>
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
      <table cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="z202295feb33c41d784999af7b28b4037">

          <tr>
            <td style="vertical-align: top; font-weight: bold; width: 78pt; align: right;">Item 10.</td>
            <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
              <div><u>Certification</u>:</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: justify; line-height: 1.25; text-indent: 35.45pt;">By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the
      effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.</div>
    <div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
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<TYPE>EX-99
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      <div style="text-align: right; line-height: 1.25;">December 12, 2019</div>
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                  <div>The signature of the Chairman of the Board of Directors (and / or the CEO (Mr. Eyal Ben Simon) of the Company together, or the signature of one of them with the additional signature of an officer&#160; from Group A, shall bind the Company
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      <div style="margin-right: 2.15pt; line-height: 1.25;">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.</div>
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                  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><u>/s/ Elad Sirkis</u></div>
                  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Elad Sirkis, Advocate</div>
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