----

----

| Nevada                                              | 20-2066406                |
|-----------------------------------------------------|---------------------------|
|  (State or Other Jurisdiction of Incorporation |  (I.R.S. Employer    |
|  or Organization)                         |  Identification No.) |
| 5190 Neil Road, Suite 430, Reno, Nevada             | 89502                     |
|  (Address of Principal Executive Offices)      |  (Zip Code)          |

----

| Large accelerated filer o | Accelerated filer o         |
|---------------------------|-----------------------------|
|                      |                        |
| Non-accelerated filer o   | Smaller reporting company x |

----

| PART I – FINANCIAL INFORMATION                                                                                                                                                                                     | PAGE   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|              ITEM 1.  FINANCIAL STATEMENTS                                                                                                    |   |
|                                                                                                                                                                                                                     |   |
|                             CONSOLIDATED BALANCE SHEETS AS OF MARCH 31, 2008 |   |
|                             (UNAUDITED) AND DECEMBER 31, 2007                | 3      |
|                                                                                                                                                                                                                     |   |
|                             CONSOLIDATED STATEMENTS OF OPERATIONS            |   |
|                             (UNAUDITED) FOR THE THREE MONTHS                 |   |
|                             ENDED MARCH 31, 2008 AND MARCH 31, 2007 AND      |   |
|                             PERIOD OF INCEPTION THROUGH MARCH 31, 2008       | 5      |
|                                                                                                                                                                                                                     |   |
|                             CONSOLIDATED STATEMENTS OF CASH FLOWS            |   |
|                             (UNAUDITED) FOR THE THREE MONTHS ENDED           |   |
|                             MARCH 31, 2008 AND MARCH 31, 2007 AND            |   |
|                             PERIOD OF INCEPTION THROUGH MARCH 31, 2008       | 6      |
|                                                                                                                                                                                                                     |   |
|                             NOTES TO UNAUDITED CONSOLIDATED                  |   |
|                             FINANCIAL STATEMENTS                             | 8      |
|                                                                                                                                                                                                                     |   |
|             ITEM 2.  MANAGEMIENT’S DISCUSSION AND ANALYSIS OF                                                                                |   |
|                             FINANCIAL CONDITION AND RESULTS OF OPERATIONS    | 17     |
|                                                                                                                                                                                                                     |   |
|             ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES                                                                                                 |   |
|                             ABOUT MARKET RISK                                | 23     |
|                                                                                                                                                                                                                     |   |
|             ITEM 4.  CONTROLS AND PROCEDURES                                                                                                       | 23     |
|                                                                                                                                                                                                                     |   |
| PART II – OTHER INFORMATION                                                                                                                                                                                        |   |
|                                                                                                                                                                                                                     |   |
|             ITEM 1.  LEGAL PROCEEDINGS                                                                                                             | 24     |
|                                                                                                                                                                                                                     |   |
|             ITEM 1A. RISK FACTORS                                                                                                                            | 24     |
|                                                                                                                                                                                                                     |   |
|             ITEM 2.  UNREGISTERED SALES OF EQUITY                                                                                                  |   |
|                             SECURITIES AND USE OF PROCEEDS                   | 24     |
|                                                                                                                                                                                                                     |   |
|             ITEM 3.  DEFAULTS UPON SENIOR SECURITIES                                                                                               | 25     |
|                                                                                                                                                                                                                     |   |
|             ITEM 4.  (REMOVED AND RESERVED)                                                                                                        | 25     |
|                                                                                                                                                                                                                     |   |
|             ITEM 5.  OTHER INFORMATION                                                                                                             | 25     |
|                                                                                                                                                                                                                     |   |
|             ITEM 6.  EXHIBITS                                                                                                                      | 25     |
|                                                                                                                                                                                                                     |   |
| SIGNATURE                                                                                                                                                                                                                | 25     |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | March 31, 2008(Unaudited) |    |   December 31, 2007 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|---------|--------------------------|--------|
|                                                                        ASSETS |   |                           |    |
| Current assets:                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                           |    |
|    Cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                                                                      |   | $                              | 2,616   |                     |   | $ | -- |   |
|    Accounts receivable                                                                                                                                                                                                                                                                                                                                                                                                            |   |                           | 5,014   |                     |   |   | 16,812 |   |
|           Total current assets                                                                                                                                                                                                                                                                                                                                                                 |   |                           | 7,630   |                     |   |   | 16,812 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                           |    |                     |   |   |   |   |
| Property, plant and equipment                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                           | 29,172  |                     |   |   | 28,328 |   |
| Investment in equity-accounted investee                                                                                                                                                                                                                                                                                                                                                                                                          |   |                           | 1,361   |                     |   |   | 1,192 |   |
| Loan with related party                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                           | 17,185  |                     |   |   | -- |   |
| Other loans                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                           | 78,672  |                     |   |   | 72,678 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                           |    |                     |   |   |   |   |
| Total assets                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $                              | 134,020 |                     |   | $ | 119,010 |   |

|                                              |   |
|---------------------------------------------------|--------|
| LIABILITIES AND STOCKHOLDERS’ DEFICIT       |   |
| Current liabilities:                              |   |   |   |   |   |   |
|   Accounts payable and accrued expenses |   | $ | 129,790 |   |   | $ | 112,021 |   |
| Total current liabilities                         |   |   | 129,790 |   |   |   | 112,021 |   |
|                                              |   |   |   |   |   |   |   |   |
| Long-term liabilities:                            |   |   |   |   |   |   |   |   |
|   Long-term debt                        |   |   | 696,495 |   |   |   | 559,423 |   |
|   Bank overdrafts                       |   |   | 38,344 |   |   |   | 42,685 |   |
|                                              |   |   |   |   |   |   |   |   |
| Total liabilities                                 |   |   | 864,629 |   |   |   | 714,129 |   |
|                                              |   |   |   |   |   |   |   |   |
| Minority interest                                 |   |   | 2,669 |   |   |   | 2,185 |   |

----

|                                                                                                                                |   | March 31, 2008(Unaudited) |     |   | December 31, 2007 |   |
|-------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------|----------|--------|-------------------|--------|
| Stockholders’ deficit:                                                                                                        |   |                      |     |   |              |   |
|    Preferred stock, $0.001 par value, 10,000,000 authorized  shares; no shares issued and outstanding      |   |                      | --       |   |              |   | -- |   |
|    Common stock, $0.001 par value, 500,000,000 shares  authorized; 9,980,000 shares issued and outstanding |   |                      | 9,980    |   |              |   | 9,980 |   |
|    Additional paid-in capital                                                                                        |   |                      | 156,730  |   |              |   | 156,730 |   |
|    Share-based reserves                                                                                              |   |                      | 4,300    |   |              |   | 4,300 |   |
|    Accumulated deficit during development stage                                                                      |   |                      | (905,577 | )      |              |   | (769,060 | ) |
|    Accumulated other comprehensive loss                                                                              |   |                      | 1,289    |   |              |   | 746 |   |
|           Total Andain stockholders’ deficit                                |   |                      | (733,278 | )      |              |   | (597,304 | ) |
|                                                                                                                                |   |                      |     |   |              |   |   |   |
|           Total stockholders’ deficit                                       |   |                      | (730,609 | )      |              |   | (595,119 | ) |
|                                                                                                                                |   |                      |     |   |              |   |   |   |
| Total liabilities and stockholders’ deficit                                                                                   |   | $                         | 134,020  |   |              | $      | 119,010 |   |

----

|                                                                 |   |    | Three Months Ended March 31, |    |   | Period of Inception(July 23, 2004) throughMarch 31, 2008 |             |
|----------------------------------------------------------------------|--------|---------|-----------------------------------|---------|--------|----------------------------------------------------------|------------------|
|                                                                 |   | 2008    |                              |    | 2007   |                                                     |             |   |
|                                                                 |   |    |                              |    |   |                                                     |             |   |   |   |   |   |
| Net revenue                                                          |   | $       | --                                |    |   | $                                                        | --               |   |   | $ | 262,888 |   |
|                                                                 |   |    |                              |    |   |                                                     |             |   |   |   |   |   |
| Operating expenses:                                                  |   |    |                              |    |   |                                                     |             |   |   |   |   |   |
|    Depreciation                                       |   |    | (1,492                            | )       |   |                                                     | (1,272           | ) |   |   | (8,737 | ) |
|    General and administrative                         |   |    | (135,025                          | )       |   |                                                     | (155,163         | ) |   |   | (1,088,639 | ) |
|    Impairment of goodwill                             |   |    | --                                |    |   |                                                     | --               |   |   |   | (75,014 | ) |
|                                                                 |   |    |                              |    |   |                                                     |             |   |   |   |   |   |
| Loss from operations                                                 |   |    | (136,517                          | )       |   |                                                     | (156,435         | ) |   |   | (909,502 | ) |
|                                                                 |   |    |                              |    |   |                                                     |             |   |   |   |   |   |
| Interest received                                                    |   |    | --                                |    |   |                                                     | --               |   |   |   | 5,469 |   |
| Interest expense                                                     |   |    | --                                |    |   |                                                     | --               |   |   |   | (1,544 | ) |
|                                                                 |   |    |                              |    |   |                                                     |             |   |   |   |   |   |
| Net loss and deficit accumulated  during development state |   |  $ | (136,517                          | )       |   |  $                                                  | (156,435    | ) |   |  $ |    (905,577  | )  |
|                                                                 |   |    |                              |    |   |                                                     |             |   |   |   |   |   |
| Basic loss per share:                                                |   |    |                              |    |   |                                                     |             |   |   |   |   |   |
|   Net loss attributable to Andain                          |   |  $ | (0.01                             | )  |   |  $                                                  | (0.02            | )  |   |   |   |   |
|   Weighted average shares outstanding                           |   |    | 9,980,000                    |    |   |                                                     |  9,980,000  |   |   |   |   |   |
|                                                                 |   |    |                              |    |   |                                                     |             |   |   |   |   |   |
| Diluted loss per share:                     |   |    |                              |    |   |                                                     |             |   |   |   |   |   |
|   Net loss attributable to Andain                          |   |    |                              |    |   |                                                     |             |   |   |   |   |   |
|   Weighted average shares outstanding                           |   |  $ | (0.01                             | )  |   |  $                                                  | (0.01            | )  |   |   |   |   |
|                                                                 |   |    | 13,980,000                   |    |   |                                                     | 11,980,000  |   |   |   |   |   |

----

|                                                                                                                                                                                               |   | Three Months Ended March 31, |     |   | Period of Inception(July 23, 2004) through |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|----------|--------|--------------------------------------------|--------|
|                                                                                                                                                                                               |   |  2008                   |     |   | 2007                                       |   |   |  March 31, 2008 |   |
| Operating activities:                                                                                                                                                                              |   |                              |     |   |                                       |   |   |   |   |
|   Net loss                                                                                                                                                                               |   | $                                 | (136,517 | )      |                                       | $      | (156,435 | ) |   | $ | (905,577 | ) |
|   Adjustments to reconcile net loss to net    cash provided by (used in) operating activities:                                                             |   |                              |     |   |                                       |   |   |   |   |   |   |   |
|          Depreciation                                                                                                                                 |   |                              | 1,492    |   |                                       |   | 1,272 |   |   |   | 8,737 |   |
|          Minority interest                                                                                                                            |   |                              | 484      |   |                                       |   | 90 |   |   |   | 2,669 |   |
|          Shares issued for professional services                                                                                                      |   | --                                |     |   |                                       | --     |   |   |   | 1,910 |   |
|          Accrued expenses – stockholder                                                                                                         |   |                              | --       |   |                                       |   | -- |   |   |   | 37,508 |   |
|          Accrued consulting fees - stockholder                                                                                                        |   |                              | --       |   |                                       |   | -- |   |   |   | 60,000 |   |
|          Accounts payable                                                                                                                             |   |                              | 17,769   |   |                                       |   | 17,851 |   |   |   | 126,732 |   |
|          Accounts receivable                                                                                                                          |   |                              | 11,798   |   |                                       |   | (2,252 | ) |   |   | (4,951 | ) |
|          Non-cash compensation expense                                                                                                                |   |                              | --       |   |                                       |   | -- |   |   |   | 4,000 |   |
|          Equity-settled share-based payment                                                                                                           |   |                              | --       |   |                                       |   | -- |   |   |   | 300 |   |
|          Accrued compensation                                                                                                                         |   |                              | 120,000  |   |                                       |   | 90,000 |   |   |   | 600,000 |   |
|          Effect of movements in foreign             exchange rates on non-cash items |   |                              | (2,336   | )      |                                       |   | (516 | ) |   |   | (6,679 | ) |

| Net cash provided by (used in)  operating activities                       |   |   12,690 |    |   |   (49,990 | )  |   |   (75,351 | )  |
|--------------------------------------------------------------------------------------|--------|---------------|---------|--------|----------------|---------|--------|----------------|---------|
|                                                                                 |   |          |    |   |           |    |   |           |    |
| Investing activities:                                                                |   |          |    |   |           |    |   |           |    |
|   Purchase of equipment                                                    |   |          | --      |   |           |    | --     |           |    |   | (32,557 | ) |
|   Purchase of interest in equity-accounted    investee |   |          | (169    | )      |           |    | (156   | )              |    |   | (1,361 | ) |
|                                                                                 |   |          |    |   |           |    |   |           |    |   |   |   |
| Net cash used in investing activities                                                |   |          | (169    | )      |           |    | (156   | )              |    |   | (33,918 | ) |
|                                                                                 |   |          |    |   |           |    |   |           |    |   |   |   |
| Financing activities:                                                                |   |          |    |   |           |    |   |           |    |   |   |   |
|   Proceeds from increase in bank overdrafts                                |   |          | (4,341  | )      |           |    | 23,351 |           |    |   | 38,344 |   |
|   Proceeds from stock issued for cash                                      |   |          | --      |   |           |    | --     |           |    |   | 164,800 |   |
|   Repayment of other loans                                                 |   |          | (23,179 | )      |           |    | 18,672 |           |    |   | (91,535 | ) |
|   Loan from majority stockholder                                           |   |          | (1,108  | )      |           |    | 1,240  |           |    |   | (13,035 | ) |

----

|                                                                               |   |   | Three Months EndedMarch 31, |   |   | Period of Inception(July 23, 2004) through March 31, 2008 |    |
|------------------------------------------------------------------------------------|--------|--------|-----------------------------|--------|--------|-----------------------------------------------------------|---------|
|                                                                               |   |   | 2008                   |   |   |                                                      | 2007    |   |   |   |
|                                                                               |   |   |                        |   |   |                                                      |    |   |   |   |   |   |
|   Loan from equity-accounted investee                                    |   |   | 169                         |   |   |                                                      | 156     |   |   |   | 1,361 |   |
|   Loans from related parties                                             |   |   | --                          |   |   |                                                      | (7,960  | ) |   |   | -- |   |
|   Loans from key management personnel                                    |   |   | 18,011                      |   |   |                                                      | --      |   |   |   | 10,661 |   |
|                                                                               |   |   |                        |   |   |                                                      |    |   |   |   |   |   |
| Net cash provided by (used in)  financing activities                     |   |   | (10,448                     | )      |   |                                                      | 35,459  |   |   |   | 110,596 |   |
|                                                                               |   |   |                        |   |   |                                                      |    |   |   |   |   |   |
| Increase (decrease) in cash and cash  equivalents                        |   |   | 2,073                       |   |   |                                                      | (14,687 | ) |   |   | 1,327 |   |
|                                                                               |   |   |                        |   |   |                                                      |    |   |   |   |   |   |
| Effects of exchange rate changes on the balance of cash held in foreign currencies |   |   | 543                         |   |   |                                                      | 24,606  |   |   |   | 1,289 |   |
|                                                                               |   |   |                        |   |   |                                                      |    |   |   |   |   |   |
| Cash and cash equivalents,   beginning of period                    |   |   | --                          |   |   |                                                      | 45,563  |   |   |   | -- |   |
|                                                                               |   |   |                        |   |   |                                                      |    |   |   |   |   |   |
| Cash and cash equivalents,   end of period                          |   | $      | 2,616                       |   |   | $                                                         | 55,482  |   |   | $ | 2,616 |   |
|                                                                               |   |   |                        |   |   |                                                      |    |   |   |   |   |   |

| Supplementary schedule of  cash flow activities:                                                                        |   |   |   |   |   |   |   |   |   |
|-----------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|   Non-cash investing and financing    activities:                                                   |   |   |   |   |   |   |   |   |   |
|     Issuance of common stock for payment      of consulting fees                |   | $      | --     |   |   | $      | --     |   |   | $ | 1,900 |   |
|     Issuance of common stock for      purchase of intellectual property         |   | $      | --     |   |   | $      | --     |   |   | $ | 4,500 |   |
|     Issuance of common stock for      purchase of subsidiary                    |   | $      | --     |   |   | $      | --     |   |   | $ | 2,500 |   |
|     Issuance of common stock for payment      of management and consulting fees |   | $      | --     |   |   | $      | --     |   |   | $ | 300 |   |
|    Non-cash compensation expense                                                                                   |   | $      | --     |   |   | $      | --     |   |   | $ | 4,000 |   |

----

----

----

| Motor vehicles     | 5 years  |
|--------------------|----------|
| Furniture          | 15 years |
| Computer equipment | 3 years  |

----

----

|   Name of Company |   |   Principal Activity |   |   Location   |   | Proportion of Ownership Interest and Voting PowerHeld at March 31, 2008 |
|-----------------------------|--------|--------------------------------|--------|----------------------------------|--------|-------------------------------------------------------------------------|
|                        |   |                           |   |                             |   |                                                                    |
| Impact Active Team Ltd      |   | Consulting                     |   | Israel                           |   | 100%                                                                    |
| TPDS Ltd.                   |   | Medical                        |   | Israel                           |   | 69%                                                                     |

|                                            |   | Computers |   |   | Furniture |   |   | Vehicles |   |   | Total  |   |
|-------------------------------------------------|--------|-----------|--------|--------|-----------|--------|--------|----------|--------|--------|--------|--------|
|                                            |   |      |   |   |      |   |   |     |   |   |   |   |   |   |   |   |
| Balance as of December 31, 2007                 |   | $         | 582    |   |      | $      | 211    |     |   | $      | 27,535 |   |   | $ | 28,328 |   |
| Depreciation                                    |   |      | (85    | )      |      |   | (4     | )        |   |   | (1,403 | )      |   |   | (1,492 | ) |
| Effect of foreign currency exchange differences |   |      | 48     |   |      |   | 17     |     |   |   | 2,271  |   |   |   | 2,336 |   |
| Balance as of March 31, 2008 (unaudited)        |   | $         | 545    |   |      | $      | 224    |     |   | $      | 28,403 |   |   | $ | 29,172 |   |

| Investment in Equity-Accounted Investee at December 31, 2007          |   | $      | 1,192  |   |
|-----------------------------------------------------------------------|--------|--------|--------|--------|
|                                                                  |   |   |   |   |
| Acquisitions                                                          |   |   | 169    |   |
|                                                                  |   |   |   |   |
| Investment in Equity-Accounted Investee at March 31, 2008 (unaudited) |   | $      | 1,361  |   |

----

|                                                |   | Stockholding |   |
|-----------------------------------------------------|--------|--------------|--------|
|                                                |   |         |   |
| Meizam – Advanced Enterprise Center Arad Ltd. |   |         | 45     | % |

|                                            |   |   | March 31, 2008    |   |   |   | December 31, 2007 |   |
|-------------------------------------------------|--------|--------|-------------------|--------|--------|--------|-------------------|--------|
|                                            |   |   |  (Unaudited) |   |   |   |              |   |
|                                            |   |   |              |   |   |   |              |   |
| Key management personnel                        |   | $      | 610,661           |   |   | $      | 472,650           |   |
| Equity-Accounted Investee                       |   |   | 1,361             |   |   |   | 1,192             |   |
| Majority Stockholder (as defined under Note 10) |   |   | 84,473            |   |   |   | 85,581            |   |
|                                            |   |   |              |   |   |   |              |   |
|                                            |   | $      | 696,495           |   |   | $      | 559,423           |   |

| · | have equal ratable rights to dividends from funds legally available for payment of dividends when, and if declared by the board of directors; |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| · | are entitled to share ratably in all of the assets available for distribution to holders of common stock upon liquidation, dissolution or winding up of our affairs; |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| · | do not have preemptive, subscription or conversion rights, or redemption or access to any sinking fund and; |
|--------|-------------------------------------------------------------------------------------------------------------|

| · | are entitled to one non-cumulative vote per share on all matters submitted to stockholders for a vote at any meeting of stockholders. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------|

| Income tax benefit at statutory rate |   | $      | (47,781        | )      |
|--------------------------------------|--------|--------|----------------|--------|
| Valuation allowance                  |   |   | 47,781         |   |
|                                 |   |   |           |   |
| Total                                |   | $      |  --  |   |

----

| Pangea Investments GmbH                       | Majority Stockholder of Andain, Inc. |
|-----------------------------------------------|--------------------------------------|
| Impact Active Team Ltd.                       | Israeli, wholly-owned subsidiary     |
| TPDS Ltd.                                     | Israeli, majority-owned subsidiary   |
| Meizam - Advanced Enterprise Center Arad Ltd. | Israeli, Equity-Accounted Investee   |
| Sam Elimelech                                 | Director of Andain, Inc.             |
| Gai Mar-Chaim                                 | Director of Andain, Inc.             |
| P.O.C. Hi Tech Ltd.                           | Israeli company with common director |

----

|                                                            |   | March 31, 2008 |     |    | December 31, 2007 |   |
|-----------------------------------------------------------------|--------|----------------|----------|---------|-------------------|--------|
|                                                            |   | (Unaudited)$   |     |    | $                 |   |
| Income statements:                                              |   |           |     |    |              |   |
|     Compensation expenses                   |   | --             |     |    |              | 2,000  |   |
|     Directors’ remuneration           |   |           | 120,000  |    |              |   | 360,000 |   |
|                                                            |   |           |     |    |              |   |   |   |
| Balance sheets:                                                 |   |           |     |    |              |   |   |   |
|     Investment in Equity-Accounted Investee |   |           | 1,361    |    |              |   | 1,192 |   |
|     Loan from Equity-Accounted Investee     |   |           | (1,361   | )       |              |   | (1,192 | ) |
|     Loan from Majority Stockholder          |   |           | (84,473  | )       |              |   | (85,581 | ) |
|     Loans from key management personnel     |   |           | (610,661 | )  |              |   | (472,650 | ) |
|     Loan from related party                 |   |           | 17,185   |    |              |   | -- |   |

----

----

----

----

----

| · | curtail operations significantly; |
|--------|-----------------------------------|

| · | sell significant assets; |
|--------|--------------------------|

| · | seek arrangements with strategic partners or other parties that may require the Company to relinquish significant rights to products, technologies or markets; or |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | explore other strategic alternatives including a merger or sale of the Company. |
|--------|---------------------------------------------------------------------------------|

----

----

----

----

|                    | Andain, Inc. |                            |
|-------------------------|--------------|---------------------------------|
|                    |         |                            |   |
| Dated: January 23, 2011 | By:          | /s/ Sam Shlomo Elimelech   |   |
|                    |         | Sam Shlomo Elimelech, President |   |

----

| Number | Description |
|--------|-------------|

| 3.1 | Articles of Incorporation, dated July 14, 2004 (incorporated by reference to Exhibit 3.1 of the Form 10-SB filed on March 24, 2005). |
|-----|--------------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | Bylaws, dated August 1, 2004 (incorporated by reference to Exhibit 3.2 of the Form 10-SB filed on March 24, 2005). |
|-----|--------------------------------------------------------------------------------------------------------------------|

| 10.1 | Affiliation Agreement between the Impact Active Team Ltd. and P.O.C. High-Tech (1992) Ltd. Corporation, dated June 23, 2004 (incorporated by reference to Exhibit 10.8 of the Form SB-2 filed on February 13, 2007). |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.2 | Consulting Agreement between the Company and Dr. Leonid Lurya, dated May 16, 2006 (incorporated by reference to Exhibit 10.2 of the Form 10-K filed on December 30, 2010). |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.3 | Share Purchase Agreement between the Company and Pangea Investments GmbH, dated June 11, 2006 (not including Schedule 1, Disclosure Schedule) (incorporated by reference to Exhibit 10.1 of the Form 8-K filed on July 5, 2006). |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.4 | Technology Purchase Agreement between the Company and Pangea Investments GmbH, dated June 11, 2006 (incorporated by reference to Exhibit 10.2 of the Form 8-K filed on July 5, 2006). |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.5 | Finder’s Fee Agreement between the Company and Pangea Investments GmbH, dated June 11, 2006 (incorporated by reference to Exhibit 10.5 of the Form 8-K filed on July 5, 2006). |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.6 | Consulting Agreement between the Company and Pangea Investments GmbH, dated July 3, 2006 (incorporated by reference to Exhibit 10.3 of the Form 8-K filed on July 5, 2006). |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.7 | Business Development Services Agreement between the Company and Pangea Investments GmbH, dated July 3, 2006 (incorporated by reference to Exhibit 10.4 of the Form 8-K filed on July 5, 2006). |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.8 | Employment Agreement between the Company and Sam Elimelech, dated July 3, 2006 (incorporated by reference to Exhibit 10.6 of the Form 8-K filed on July 5, 2006). |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.9 | Employment Agreement between the Company and Gai Mar-Chaim, dated July 3, 2006 (incorporated by reference to Exhibit 10.7 of the Form 8-K filed on July 5, 2006). |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 10.10 | Consulting Agreement between the Company and Meizam - Advanced Enterprise Center Arad Ltd., dated October 25, 2006 (incorporated by reference to Exhibit 10.10 of the Form 10-K filed on December 30, 2010). |
|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16.1 | Letter on Change in Certifying Accountant (incorporated by reference to Exhibit 16 of the Form 8-K filed on January 5, 2006). |
|------|-------------------------------------------------------------------------------------------------------------------------------|

| 16.2 | Letter on Change in Certifying Accountant (incorporated by reference to Exhibit 16 of the Form 8-K filed on November 5, 2010). |
|------|--------------------------------------------------------------------------------------------------------------------------------|

| 21 | Subsidiaries of the Company (incorporated by reference to Exhibit 21 of the Form 10-QSB filed on November 20, 2006). |
|----|----------------------------------------------------------------------------------------------------------------------|

| 31.1 | Rule 13a-14(a)/15d-14(a) Certification of Sam Shlomo Elimelech (filed herewith). |
|------|----------------------------------------------------------------------------------|

| 31.2 | Rule 13a-14(a)/15d-14(a) Certification of Gai Mar-Chaim (filed herewith). |
|------|---------------------------------------------------------------------------|

| 32 | Section 1350 Certification of Sam Shlomo Elimelech and Gai Mar-Chaim (filed herewith). |
|----|----------------------------------------------------------------------------------------|

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