Document:

Exhibit 4.18

DEAN HELLER
Secretary of State
204 North Carson Street, Suite I
Carson City, Nevada 89701-4299
(775) 684-5708 Website: secretaryofstate.biz

Articles of Merger
(PURSUANT TO NRS 92A.200)
Page 1

                                              ABOVE SPACE IS FOR OFFICE USE ONLY

                (Pursuant to Nevada Revised Statutes Chapter 92A)
                             (excluding 92A.200(4b))

1)     Name and jurisdiction of organization of each constituent entity (NRS
       92A.200). If there are more than four merging entities, check box ? and
       attach an 8112" x 11" blank sheet containing the required information for
       each additional entity.

NuSTATE ENERGY HOLDINGS, INC.
Name of merging entity

NEVADA                                                           CORPORATION
Jurisdiction                                                     Entity type *

Name of merging entity

Jurisdiction                                                     Entity type *

Name of merging entity

Jurisdiction                                                     Entity type *

Name of merging entity

Jurisdiction                                                     Entity type *

and,

FITTIPALDI LOGISTICS, INC.

Name of surviving entity

NEVADA                                                           CORPORATION
Jurisdiction                                                     Entity type *

*Corporation, non-profit corporation, limited partnership, limited-liability
company or business trust.

Filing Fee: $350.00

This form must be accompanied by appropriate fees.  Nevada Secretary of State
                                                    AM Merger 2003
                                                    Revised on:  10/03/O5
<PAGE>
DEAN HELLER
Secretary of State
204 North Carson Street, Suite I
Carson City, Nevada 89701-4299
(775) 684-5708 Website: secretaryofstate.biz

Articles of Merger
(PURSUANT TO NRS 92A.200)
Page 2

                                              ABOVE SPACE IS FOR OFFICE USE ONLY

2)     Forwarding address where copies of process may be sent by the Secretary
       of State of Nevada (if a foreign entity is the survivor in the merger -
       NRS 92A.1 90):

                           Attn:

                           c/o:

3)     (Choose one)

       [ ] The undersigned declares that a plan of merger has been adopted by
           each constituent entity (NRS 92A.200).
       [X] The undersigned declares that a plan of merger has been adopted by
           the parent domestic entity (NRS 92A.180)

4)     Owner's approval (NRS 92A.200)(options a, b, or c must be used, as
       applicable, for each entity) (if there are more than four merging
       entities, check box [ ] and attach an 8 112" x 11" blank sheet containing
       the required information for each additional entity):

       (a) Owner's approval was not required from

           NuSTATE ENERGY HOLDINGS, INC.

           Name of merging entity, if applicable

           Name of merging entity, if applicable

           Name of merging entity, if applicable

           Name of merging entity, if applicable

           and, or;

           FITTIPALDI LOGISTICS, INC.

           Name of surviving entity, if applicable

This form must be accompanied by appropriate fees.  Nevada Secretary of State
                                                    AM Merger 2003
                                                    Revised on:  10/03/O5
<PAGE>
DEAN HELLER
Secretary of State
204 North Carson Street, Suite I
Carson City, Nevada 89701-4299
(775) 684-5708 Website: secretaryofstate.biz

Articles of Merger
(PURSUANT TO NRS 92A.200)
Page 3

                                              ABOVE SPACE IS FOR OFFICE USE ONLY

       (b)  The plan was approved by the required consent of the owners of *:

            Name of merging entity, if applicable

            Name of merging entity, if applicable

            Name of merging entity, if applicable

            Name of merging entity, if applicable

            and, or;

            Name of surviving entity, if applicable

* Unless otherwise provided in the certificate of trust or governing instrument
of a business trust, a merger must be approved by all the trustees and
beneficial owners of each business trust that is a constituent entity in the
merger.

This form must be accompanied by appropriate fees.  Nevada Secretary of State
                                                    AM Merger 2003
                                                    Revised on:  10/03/O5
<PAGE>
DEAN HELLER
Secretary of State
204 North Carson Street, Suite I
Carson City, Nevada 89701-4299
(775) 684-5708 Website: secretaryofstate.biz

Articles of Merger
(PURSUANT TO NRS 92A.200)
Page 4

                                              ABOVE SPACE IS FOR OFFICE USE ONLY

        (c) Approval of plan of merger for Nevada non-profit corporation (NRS
            92A.160):

           The plan of merger has been approved by the directors of the
           corporation and by each public officer or other person whose approval
           of the plan of merger is required by the articles of incorporation of
           the domestic corporation.

           Name of merging entity, if applicable

           Name of merging entity, if applicable

           Name of merging entity, if applicable

           Name of merging entity, if applicable

           and, or;

           Name of surviving entity, if applicable

This form must be accompanied by appropriate fees.  Nevada Secretary of State
                                                    AM Merger 2003
                                                    Revised on:  10/03/O5
<PAGE>
DEAN HELLER
Secretary of State
204 North Carson Street, Suite I
Carson City, Nevada 89701-4299
(775) 684-5708 Website: secretaryofstate.biz

Articles of Merger
(PURSUANT TO NRS 92A.200)
Page 5

                                              ABOVE SPACE IS FOR OFFICE USE ONLY

5)     Amendments, if any, to the articles or certificate of the surviving
       entity. Provide article numbers, if available. (NRS 92A.200)*:

       ARTICLE 1:  THE NAME OF THE CORPORATION IS NuSTATE ENERGY HOLDINGS, INC.

6)     Location of Plan of Merger (check a or b):

       [ ] (a) The entire plan of merger is attached;

       or,

       [X] (b) The entire plan of merger is on file at the registered
               office of the surviving corporation, limited-liability company
               or business trust, or at the records office address if a
               limited partnership, or other place of business of the
               surviving entity (NRS 92A.200).

7)     Effective date (optional)": Close of business on the 10th day following
       the filing date.

* Amended and restated articles may be attached as an exhibit or integrated into
the articles of merger. P lease entitle them "Restated" or "Amended and
Restated," accordingly. The form to accompany restated articles prescribed by
the secretary of state must accompany the amended and/or restated articles.
Pursuant to NRS 92A.180 (merger of subsidiary into parent - Nevada parent owning
90% or more of subsidiary), the articles of merger may not contain amendments to
the constituent documents of the surviving entity except that the name of the
surviving entity may be changed.

** A merger takes effect upon filing the articles of merger or upon a later date
as specified in the articles, which must not be more than 90 days after the
articles are fled (NRS 92A.240).

This form must be accompanied by appropriate fees.  Nevada Secretary of State
                                                    AM Merger 2003
                                                    Revised on:  10/03/O5
<PAGE>
DEAN HELLER
Secretary of State
204 North Carson Street, Suite I
Carson City, Nevada 89701-4299
(775) 684-5708 Website: secretaryofstate.biz

Articles of Merger
(PURSUANT TO NRS 92A.200)
Page 6

                                              ABOVE SPACE IS FOR OFFICE USE ONLY

8)      Signatures - Must be signed by:: An officer of each Nevada corporation;
        All general partners of each Nevada limited partnership; A manager of
        each Nevada limited-liability company with managers or all the members
        if there are no managers; A trustee of each Nevada business trust (NRS
        92A.230)*

        (If there are more than four merging entities, check box [ ] and attach
        an 8 1/2" x 11" blank sheet containing the required information for each
        additional entity.):

        NuSTATE ENERGY HOLDINGS. INC.
        Name of merging entity

        /s/ Frank P. Reilly             CHIEF EXECUTIE OFFICER     12/05/07
        -------------------
        Signature                       Title                      Date

        Name of merging entity
        Signature                       Title                      Date

        Name of merging entity
        Signature                       Title                      Date

        Name of merging entity
        Signature                       Title                      Date

        FITTIPALDI LOGISTICS, INC.
        Name of merging entity

        /s/ Frank P. Reilly             CHIEF EXECUTIVE OFFICER    12/05/07
        -------------------
        Signature                       Title                      Date

*The articles of merger must be signed by each foreign constituent entity in the
manner provided by the law governing it (NRS 92A.230). Additional signature
blocks may be added to this page or as an attachment, as needed.

IMPORTANT: Failure to include any of the above information and submit the proper
fees may cause this filing to be rejected.

This form must be accompanied by appropriate fees.  Nevada Secretary of State
                                                    AM Merger 2003
                                                    Revised on:  10/03/O56-K

                                                                    EXHIBIT 10.1

	
 

PRESS RELEASE

               MAGIC SOFTWARE ANNOUNCES SALE OF AOD SUBSIDIARY TO
                           FORTISSIMO CAPITAL FOR $17M

OR YEHUDA, ISRAEL, DECEMBER 31, 2007 - Magic Software Enterprises Ltd. (NASDAQ:
MGIC), a leading provider of business integration and application development
technology, today announced the sale of the entire share capital of Advanced
Answers on Demand (AOD), a wholly owned subsidiary, to Fortissimo Capital for
the sum of $17 million in cash. The purchase price is payable in two
installments that are payable by the end of January 2008.

In addition, as part of the transaction, Magic Software has entered into a three
years license agreement with AOD which will allow AOD to continue and resell
Magic's portfolio of leading products. The Company expects to record a one-time
capital gain of over $9M from the sale in the fourth quarter of 2007.

AOD develops application software targeted at the long-term care industry,
including retirement and continuing care facilities, home health and
rehabilitation agencies.

"We are pleased with this transaction, which we view as an important step
forward in our long-term strategy focused on developing our core business," said
Eitan Naor, President and CEO of Magic Software. "During the past few months, we
have made encouraging progress in our main business, and this transaction allows
us to dedicate resources to our strategic priorities. As we look forward into
2008 we aim to continue growing and improving our core business while selling
other vertical assets not related to our main focus. We commence 2008 well
positioned as a focused company with over $30M in cash after giving effect to
this transaction."

Details of the transaction and its impact on Magic Software's financials will be
provided in the Company's fourth quarter and year end earnings release and
conference call.

Yuval Cohen, Founding and Managing Partner of Fortissimo Capital Fund stated:
"We are excited about the opportunity presented by AOD whose software
applications are based on Magic's leading product portfolio. Together with AOD's
existing management team and solid customer base, we believe we can further
enhance its leadership position in a large and growing market and capitalize on
its unique business model."

ABOUT FORTISSIMO CAPITAL

Fortissimo Capital is a special situations private equity fund investing
primarily in public and private technology companies that require a capital
infusion to expand their business. Fortissimo Capital executes long term
investments and seeks to partner with management to facilitate growth and
maximize value. Fortissimo is backed by 15 financial institutions including
insurance companies, banks and pension funds. For more information about
Fortissimo Capital, please visit www.ffcapital.com.

ABOUT MAGIC SOFTWARE ENTERPRISES

Magic Software Enterprises Ltd. (NASDAQ: MGIC) has been a leader in enterprise
application development, deployment and integration technology for more than two
decades. The company's service-oriented (SOA) platforms are used by companies
worldwide to develop, maintain, and deploy both legacy and new business
solutions, while integrating these applications across both internal and
external, heterogeneous environments. Magic Software's platform-independent
methodology lets companies achieve agility by quickly assembling composite
applications, allowing programmers to create services and architects and
business analysts to orchestrate and reuse these services to enable business
processes. Through partnerships with industry leaders such as IBM and SAP and
more than 2500 ISVs worldwide, Magic Software technology is used by more than
1.5 million customers around the globe. For more information on Magic Software
Enterprises Ltd. and its products and services, visit www.magicsoftware.com.

Magic Software is a subsidiary of the Formula Systems and Emblaze Group of
companies.

Except for the historical information contained herein, the matters discussed in
this news release include forward-looking statements that may involve a number
of risks and uncertainties. Actual results may vary significantly based upon a
number of factors including, but not limited to, risks in product and technology
development, market acceptance of new products and continuing product
conditions, both here and abroad, release and sales of new products by strategic
resellers and customers, and other risk factors detailed in the Company's most
recent annual report and other filings with the Securities and Exchange
Commission.

CONTACT:

DAVID ZIGDON, CFO
Magic Software Enterprises Ltd.
Tel. +972 (0)3 538 9600
dzigdon@magicsoftware.com

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