----

----

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

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|  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, 2007 (UNAUDITED) AND DECEMBER 31, 2006                                                                                 | 4 |
|                                                                                                                             |                                                                                                                                                               |   |
|                                                                                                                             | CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) FOR THE THREE MONTHS ENDED MARCH 31, 2007 AND MARCH 31, 2006 AND PERIOD OF INCEPTION THROUGH MARCH 31, 2007 | 6 |
|                                                                                                                             |                                                                                                                                                               |   |
|                                                                                                                             | CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) FOR THE THREE MONTHS ENDED MARCH 31, 2007 AND MARCH 31, 2006 AND PERIOD OF INCEPTION THROUGH MARCH 31, 2007      | 7 |
|                                                                                                                             |                                                                                                                                                               |   |
|                                                                                                                             | NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS                                                                                                               | 9 |
|                                                                                                                             |                                                                                                                                                               |   |
|        ITEM 2.    MANAGEMIENT’S DISCUSSION AND ANALYSIS OF                    |                                                                                                                                                               |
|                                                                                                                             |                                                                                                                                                               |
|                                                                                                                             | FINANCIAL CONDITION AND RESULTS OF OPERATIONS                                                                                                                      | 18 |
|                                                                                                                             |                                                                                                                                                               |   |
|        ITEM 3.     QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK  | 24                                                                                                                                                                 |
|                                                                                                                             |                                                                                                                                                               |   |
|        ITEM 4.     CONTROLS AND PROCEDURES                                     | 24                                                                                                                                                                 |
|                                                                                                                             |                                                                                                                                                               |   |
| PART II – OTHER INFORMATION                                                                                                |                                                                                                                                                               |
|                                                                                                                             |                                                                                                                                                               |   |
|       ITEM 1.      LEGAL PROCEEDINGS                                           | 25                                                                                                                                                                 |
|                                                                                                                             |                                                                                                                                                               |   |
|       ITEM 1A.   RISK FACTORS                                                       | 25                                                                                                                                                                 |
|                                                                                                                             |                                                                                                                                                               |   |
|       ITEM 2.      UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS | 25                                                                                                                                                                 |
|                                                                                                                             |                                                                                                                                                               |   |
|       ITEM 3.      DEFAULTS UPON SENIOR SECURITIES                             | 25                                                                                                                                                                 |
|                                                                                                                             |                                                                                                                                                               |   |
|       ITEM 4.     (REMOVED AND RESERVED)                                            | 26                                                                                                                                                                 |
|                                                                                                                             |                                                                                                                                                               |   |
|       ITEM 5.     OTHER INFORMATION                                                 | 26                                                                                                                                                                 |
|                                                                                                                             |                                                                                                                                                               |   |
|       ITEM 6.     EXHIBITS                                                          | 26                                                                                                                                                                 |
|                                                                                                                             |                                                                                                                                                               |   |
| SIGNATURE                                                                                                                        |                                                                                                                                                               | 26 |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | March 31, 2007(Unaudited) |    |   | December 31, 2006 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------|---------|--------|-------------------|--------|
|                                                                        ASSETS |   |                      |    |   |              |   |
| Current assets:                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                      |    |   |              |   |
|    Cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                                                                      |   | $                         | 55,482  |   |              | $      | 45,563 |   |
|    Accounts receivable                                                                                                                                                                                                                                                                                                                                                                                                            |   |                      | 2,890   |   |              |   | 638 |   |
|           Total current assets                                                                                                                                                                                                                                                                                                                                                                 |   |                      | 58,372  |   |              |   | 46,201 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                      |    |   |              |   |   |   |
| Property, plant and equipment                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                      | 29,844  |   |              |   | 30,600 |   |
| Investment in equity-accounted investee                                                                                                                                                                                                                                                                                                                                                                                                          |   |                      | 724     |   |              |   | 568 |   |
| Other loans                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                      | 40,996  |   |              |   | 43,855 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                      |    |   |              |   |   |   |
| Total assets                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $                         | 129,936 |   |              | $      | 121,224 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                      |    |   |              |   |   |   |
|                    LIABILITIES AND STOCKHOLDERS’ DEFICIT                                                                                                                                                                                                                                                                                    |   |
| Current liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                      |    |   |              |   |   |   |
|   Accounts payable                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $                         | 48,879  |   |              | $      | 31,028 |   |
| Total current liabilities                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                      | 48,879  |   |              |   | 31,028 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                      |    |   |              |   |   |   |
| Long-term liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                      |    |   |              |   |   |   |
|   Long-term debt                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                      | 305,282 |   |              |   | 206,033 |   |
|   Bank overdrafts                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                      | 56,748  |   |              |   | 33,397 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                      |    |   |              |   |   |   |
| Total liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                      | 410,909 |   |              |   | 270,458 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                      |    |   |              |   |   |   |
| Minority Interest                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                      | 1,747   |   |              |   | 1,657 |   |

----

|                                                                                                                           |   | March 31, 2007(Unaudited) |     |   |   December 31, 2006 |   |
|--------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------|----------|--------|--------------------------|--------|
| 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                                                                                         |   |                      | 2,300    |   |                     |   | 2,300 |   |
|    Accumulated deficit during development stage                                                                 |   |                      | (474,918 | )      |                     |   | (318,483 | ) |
|    Accumulated other comprehensive loss                                                                         |   |                      | 23,188   |   |                     |   | (1,418 | ) |
|           Total Andain stockholders’ deficit                           |   |                      | (282,720 | )      |                     |   | (150,891 | ) |
|                                                                                                                           |   |                      |     |   |                     |   |   |   |
|           Total stockholders’ deficit                                  |   |                      | (280,973 | )      |                     |   | (149,234 | ) |
|                                                                                                                           |   |                      |     |   |                     |   |   |   |
| Total liabilities and stockholders’ deficit                                                                              |   | $                         | 129,936  |   |                     | $      | 121,224 |   |

----

|                                                                          |   | Three Months Ended March 31, |       |    | Period of Inception(July 23, 2004) through |    |
|-------------------------------------------------------------------------------|--------|------------------------------|------------|---------|--------------------------------------------|---------|
|                                                                          |   | 2007                         |       |    |  2006                                 |    |   | March 31, 2007 |   |
|                                                                          |   |                         |       |    |                                       |    |   |   |   |   |   |   |
| Net revenue                                                                   |   | $                            | --         |    |                                       | $       | -- |   |   | $ | 112,583 |   |
|                                                                          |   |                         |       |    |                                       |    |   |   |   |   |   |   |
| Operating expenses:                                                           |   |                         |       |    |                                       |    |   |   |   |   |   |   |
|    Depreciation                                                |   |                         | (1,272     | )       |                                       |    | -- |   |   |   | (3,011 | ) |
|    General and administrative                                  |   |                         | (155,163   | )       |                                       |    | (992 | ) |   |   | (507,932 | ) |
|    Impairment of goodwill                                      |   |                         | --         |    |                                       |    | -- |   |   |   | (75,014 | ) |
|                                                                          |   |                         |       |    |                                       |    |   |   |   |   |   |   |
| Loss from operations                                                          |   |                         | (156,435   | )       |                                       |    | (992 | ) |   |   | (473,374 | ) |
|                                                                          |   |                         |       |    |                                       |    |   |   |   |   |   |   |
| Interest expense                                                              |   |                         | --         |    |                                       |    | -- |   |   |   | (1,544 | ) |
|                                                                          |   |                         |       |    |                                       |    |   |   |   |   |   |   |
| Net loss and deficit accumulated during development state                |   | $                       | (156,435   | )  |                                       | $       | (992 | )  |   | $ | (474,918 | )  |
|                                                                          |   |                         |       |    |                                       |    |   |   |   |   |   |   |
| Basic loss per share:                                                         |   |                         |       |    |                                       |    |   |   |   |   |   |   |
|       Net loss attributable to Andain                |   | $                       | (0.02      | )  |                                       | $  | (0.00 | )  |   |   |   |   |
|       Weighted average shares outstanding       |   |                         | 9,980,000  |    |                                       |    | 2,010,000 |   |   |   |   |   |
|                                                                          |   |                         |       |    |                                       |    |   |   |   |   |   |   |
|   Diluted loss per share:                                                |   |                         |       |    |                                       |    |   |   |   |   |   |   |
|        Net loss attributable to Andain          |   | $                       | (0.01      | )  |                                       | $       | (0.00 | )  |   |   |   |   |
|        Weighted average shares outstanding |   |                         | 11,980,000 |    |                                       |    | 2,010,000 |   |   |   |   |   |

----

|                                                                                                                       |   | Three Months Ended March 31, |     |   | Period of Inception(July 23, 2004) through |   |
|----------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|----------|--------|--------------------------------------------|--------|
|                                                                                                                       |   |  2007                        |     |   |  2006                                 |   |   |  March 31, 2007 |   |
| Operating activities:                                                                                                      |   |                              |     |   |                                       |   |   |   |   |
|   Net loss                                                                                                       |   | $                                 | (156,435 | )      |                                       | $      | (992 | ) |   | $ | (474,918 | ) |
|   Adjustments to reconcile net loss to net cash used in operating activities:                               |   |                              |     |   |                                       |   |   |   |   |   |   |   |
|          Depreciation                                                         |   |                              | 1,272    |   |                                       |   | -- |   |   |   | 3,011 |   |
|          Minority interests                                                   |   |                              | 90       |   |                                       |   | -- |   |   |   | 1,747 |   |
|          Shares issued for professional services                              |   |                              | --       |   |                                       |   | -- |   |   |   | 1,910 |   |
|          Accrued expenses – stockholder                                 |   |                              | --       |   |                                       |   | 1,292 |   |   |   | 37,508 |   |
|          Accrued consulting fees - stockholder                                |   |                              | --       |   |                                       |   | -- |   |   |   | 60,000 |   |
|          Accounts payable                                                     |   |                              | 17,851   |   |                                       |   | 800 |   |   |   | 48,879 |   |
|          Accounts receivable                                                  |   |                              | (2,252   | )      |                                       |   | (1,100 | ) |   |   | (2,890 | ) |
|          Non-cash compensation expense                                        |   |                              | --       |   |                                       |   | -- |   |   |   | 2,000 |   |
|          Equity-settled share-based payment                                   |   |                              | --       |   |                                       |   | -- |   |   |   | 300 |   |
|          Accrued compensation                                                 |   |                              | 90,000   |   |                                       |   | -- |   |   |   | 210,000 |   |
|          Effect of movements in foreign exchange rates on non-cash items |   |                              | (516     | )      |                                       |   | -- |   |   |   | (516 | ) |
|                                                                                                                       |   |                              |     |   |                                       |   |   |   |   |   |   |   |
| Net cash used in operating activities                                                                                      |   |                              | (49,990  | )      |                                       |   | -- |   |   |   | (112,969 | ) |

|                                                               |   |   |   |   |   |   |   |   |   |
|--------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| Investing activities:                                              |   |   |   |   |   |   |   |   |   |
|   Purchase of equipment                                  |   |   | --     |   |   |   | --     |   |   |   | (32,339 | ) |
|   Purchase of interest in equity-accounted investee |   |   | (156   | )      |   |   | --     |   |   |   | (724 | ) |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Net cash used in investing activities                              |   |   | (156   | )      |   |   | --     |   |   |   | (33,063 | ) |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Financing activities:                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|   Proceeds from increase in bank overdrafts              |   |   | 23,351 |   |   |   | --     |   |   |   | 56,748 |   |
|   Proceeds from stock issued for cash                    |   |   | --     |   |   |   | --     |   |   |   | 164,800 |   |
|   Repayment of other loans                               |   |   | 18,672 |   |   |   | --     |   |   |   | (25,183 | ) |
|   Loan from majority stockholder                         |   |   | 1,240  |   |   |   | --     |   |   |   | (10,207 | ) |

----

|                                            |   |   | Three Months Ended March 31, |   |   |   | Period of Inception(July 23, 2004) through |   |
|-------------------------------------------------|--------|--------|-----------------------------------|--------|--------|--------|--------------------------------------------|--------|
|                                            |   |   | 2007                              |   |   |   | 2006                                       |   |   |   | March 31, 2007 |   |
|   Loan from equity-accounted investee |   |   | 156                               |   |   |   | --                                         |   |   |   | 724 |   |
|   Loans from related parties          |   |   | (7,960                            | )      |   |   | --                                         |   |   |   | (7,960 | ) |
|   Loans from key management personnel |   |   | --                                |   |   |   | --                                         |   |   |   | (596 | ) |
|                                            |   |   |                              |   |   |   |                                       |   |   |   |   |   |
| Net cash provided by financing activities       |   |   | 35,459                            |   |   |   | --                                         |   |   |   | 178,326 |   |

| Increase (decrease) in cash and cash   equivalents                                   |   |   | (14,687 | )      |   |   | --     |   |   |   | 32,294 |   |
|-----------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                                |   |   |    |   |   |   |   |   |   |   |   |   |
| Effects of exchange rate changes on the balance of cash held in foreign currencies                  |   |   | 24,606  |   |   |   | --     |   |   |   | 23,188 |   |
|                                                                                                |   |   |    |   |   |   |   |   |   |   |   |   |
| Cash and cash equivalents, beginning of period                                                 |   |   | 45,563  |   |   |   | --     |   |   |   | --     |   |
|                                                                                                |   |   |    |   |   |   |   |   |   |   |   |   |
| Cash and cash equivalents, end of period                                                       |   | $      | 55,482  |   |   | $      | --     |   |   | $      | 55,482 |   |
| 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 |   | $      | --      |   |   | $      | 50     |   |   | $      | 300    |   |
|    Non-cash compensation expense                                                     |   | $      | --      |   |   | $      | --     |   |   | $      | 2,000  |   |

----

----

----

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

----

----

|                    |   |               |   |     |   | Proportion of Ownership   |
|-------------------------|--------|--------------------|--------|----------|--------|---------------------------|
|                    |   |               |   |     |   | Interest and Voting Power |
| Name of Company         |   | Principal Activity |   | Location |   | Held at March 31, 2007    |
|                    |   |               |   |     |   |                      |   |
| Impact Active Team Ltd. |   | Consulting         |   | Israel   |   | 100                       | %  |
| TPDS Ltd.               |   | Medical            |   | Israel   |   | 69                        | %  |

|                                                 |   | Computers |     |   | Vehicles |   |   | Total  |   |
|------------------------------------------------------|--------|-----------|----------|--------|----------|--------|--------|--------|--------|
|                                                 |   |      |     |   |     |   |   |   |   |   |   |   |
| Balance as of December 31, 2006                      |   | $         | 813      |   |     | $      | 29,787 |   |   | $ | 30,600 |   |
|                                                 |   |      |     |   |     |   |   |   |   |   |   |   |
| Depreciation                                         |   |      | (72      | )      |     |   | (1,200 | )      |   |   | (1,272 | ) |
| Effect of foreign currency exchange differences |   |      |  14 |   |     |   | 502    |   |   |   | 516 |   |
|                                                 |   |      |     |   |     |   |   |   |   |   |   |   |
| Balance as of March 31, 2007 (unaudited)             |   | $         | 755      |   |     | $      | 29,089 |   |   | $ | 29,844 |   |

| Investment in Equity-Accounted Investee at December 31, 2006          |   | $      | 568    |   |
|-----------------------------------------------------------------------|--------|--------|--------|--------|
|                                                                  |   |   |   |   |
| Acquisitions                                                          |   |   | 156    |   |
|                                                                  |   |   |   |   |
| Investment in Equity-Accounted Investee at March 31, 2007 (unaudited) |   | $      | 724    |   |

----

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

|                                            |   | March 31, 2007 |    |   | December 31, 2006 |   |
|-------------------------------------------------|--------|----------------|---------|--------|-------------------|--------|
|                                            |   | (Unaudited)    |    |   |              |   |
|                                            |   |           |    |   |              |   |   |   |
| Key management personnel                        |   | $              | 201,444 |   |              | $      | 119,404 |   |
| Equity-Accounted Investee                       |   |           | 724     |   |              |   | 568 |   |
| Majority Stockholder (as defined under Note 10) |   |           | 87,301  |   |              |   | 86,061 |   |
| Other loans                                     |   |           | 15,813  |   |              |   | – |   |
|                                            |   |           |    |   |              |   |   |   |
|                                            |   | $              | 305,282 |   |              | $      | 206,033 |   |

| · | 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 |   | $      | (54,752 | )      |
|--------------------------------------|--------|--------|---------|--------|
| Valuation allowance                  |   |   | 54,752  |   |
|                                 |   |   |    |   |
| 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.             |

----

|                                |   | March 31, 2007 |     |   | December 31, 2006 |   |
|-------------------------------------|--------|----------------|----------|--------|-------------------|--------|
|                                |   | (Unaudited)    |     |   |              |   |
|                                |   | $              |     |   | $                 |   |
|                                |   |           |     |   |              |   |   |   |
| Income statements:                  |   |           |     |   |              |   |   |   |
| Compensation expenses               |   |           | –  |   |              |   | 2,000 |   |
| Directors’ remuneration       |   |           | 90,000   |   |              |   | 120,000 |   |
| Management and consulting fees      |   |           | –  |   |              |   | 60,000 |   |
| Legal fees                          |   |           | –  |   |              |   | 20,000 |   |
|                                |   |           |     |   |              |   |   |   |
| Balance sheets:                     |   |           |     |   |              |   |   |   |
| Loan from Equity-Accounted Investee |   |           | (724     | )      |              |   | (568 | ) |
| Loan from Majority Stockholder      |   |           | (87,301  | )      |              |   | (86,061 | ) |
| Loans from key management personnel |   |           | (201,444 | )      |              |   | (119,404 | ) |

----

----

----

----

| · | 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 10, 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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