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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.
         
  UTA Capital LLC
 
 
  By:   YZT Management LLC,    
    its managing member   
         
     
  By:   /s/ Udi Toledano    
    Udi Toledano   
Date: March 4, 2011    its managing member   
 
         
  YZT Management LLC
 
 
  By:   /s/ Udi Toledano    
    Udi Toledano   
    its managing member   
         
  Alleghany Capital Corporation
 
 
  By:   /s/ Roger B. Gorham    
    Roger B. Gorham   
    Chairman and President   
         
  Alleghany Corporation
 
 
  By:   /s/ Roger B. Gorham    
    Roger B. Gorham   
    Senior Vice President– Finance and Investments and Chief Financial Officer   
         
  /s/ Udi Toledano    
  Udi Toledano