----

----

| 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, 2010 |   |
|                             (UNAUDITED) AND DECEMBER 31, 2009                | 4      |
|                                                                                                                                                                                                                     |   |
|                             CONSOLIDATED STATEMENTS OF OPERATIONS            |   |
|                             (UNAUDITED) FOR THE THREE MONTHS                 |   |
|                             ENDED MARCH 31, 2010 AND MARCH 31, 2009 AND      |   |
|                             PERIOD OF INCEPTION THROUGH MARCH 31, 2010       | 6      |
|                                                                                                                                                                                                                     |   |
|                             CONSOLIDATED STATEMENTS OF CASH FLOWS            |   |
|                             (UNAUDITED) FOR THE THREE MONTHS ENDED           |   |
|                             MARCH 31, 2010 AND MARCH 31, 2009 AND            |   |
|                             PERIOD OF INCEPTION THROUGH MARCH 31, 2010       | 7      |
|                                                                                                                                                                                                                     |   |
|                             NOTES TO UNAUDITED CONSOLIDATED                  |   |
|                             FINANCIAL STATEMENTS                             | 9      |
|                                                                                                                                                                                                                     |   |
|             ITEM 2.  MANAGEMENT’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                                                                                                                            | 26     |
|                                                                                                                                                                                                                     |   |
|             ITEM 2.  UNREGISTERED SALES OF EQUITY                                                                                                  |   |
|                              SECURITIES AND USE OF PROCEEDS             | 26     |
|                                                                                                                                                                                                                     |   |
|             ITEM 3.  DEFAULTS UPON SENIOR SECURITIES                                                                                               | 26     |
|                                                                                                                                                                                                                     |   |
|             ITEM 4.  (REMOVED AND RESERVED)                                                                                                        | 26     |
|                                                                                                                                                                                                                     |   |
|             ITEM 5.  OTHER INFORMATION                                                                                                             | 26     |
|                                                                                                                                                                                                                     |   |
|             ITEM 6.  EXHIBITS                                                                                                                      | 26     |
|                                                                                                                                                                                                                     |   |
| SIGNATURE                                                                                                                                                                                                                | 26     |

----

|                                        |   | March 31, 2010(Unaudited) |      |   | December 31, 2009 |   |
|---------------------------------------------|--------|---------------------------|-----------|--------|-------------------|--------|
| ASSETS                                      |   |
| Current assets:                             |   |                      |      |   |              |   |
|    Cash and cash equivalents |   | $                         | 33,338    |   |              | $      | 28,604 |   |
|    Accounts receivable       |   |                      | 45,454    |   |              |   | 11,532 |   |
| Total current assets                        |   |                      | 78,792    |   |              |   | 40,136 |   |
|                                        |   |                      |      |   |              |   |   |   |
| Property, plant and equipment               |   |                      | 26,029    |   |              |   | 26,171 |   |
| Investment in equity-accounted investee     |   |                      | 2,621     |   |              |   | 2,459 |   |
| Other assets                                |   |                      | 73,066    |   |              |   | 43,686 |   |
|                                        |   |                      |      |   |              |   |   |   |
| Total assets                                |   | $                         | 180,508   |   |              | $      | 112,452 |   |
|                                        |   |                      |      |   |              |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT |   |
| Current liabilities:                        |   |                      |      |   |              |   |   |   |
|   Accounts payable                |   | $                         | 280,313   |   |              | $      | 208,954 |   |
| Total current liabilities                   |   |                      | 280,313   |   |              |   | 208,954 |   |
|                                        |   |                      |      |   |              |   |   |   |
| Long-term liabilities:                      |   |                      |      |   |              |   |   |   |
|   Long-term debt                  |   |                      | 1,526,004 |   |              |   | 1,421,928 |   |
|   Bank overdrafts                 |   |                      | 36,691    |   |              |   | 36,089 |   |
|                                        |   |                      |      |   |              |   |   |   |
| Total liabilities                           |   |                      | 1,843,008 |   |              |   | 1,666,971 |   |
|                                        |   |                      |      |   |              |   |   |   |
| Minority interest                           |   |                      | 8,753     |   |              |   | 2,295 |   |

----

|                                                                                                                                |   | March 31, 2010(Unaudited) |       |   | December 31, 2009 |   |
|-------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------|------------|--------|-------------------|--------|
| 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                                                                                              |   |                      | 6,300      |   |              |   | 6,300 |   |
|    Accumulated deficit during development stage                                                                      |   |                      | (1,847,042 | )      |              |   | (1,732,351 | ) |
|    Accumulated other comprehensive loss                                                                              |   |                      | 2,779      |   |              |   | 2,527 |   |
|           Total Andain stockholders’ deficit                                |   |                      | (1,671,253 | )      |              |   | (1,556,814 | ) |
|                                                                                                                                |   |                      |       |   |              |   |   |   |
|           Total stockholders’ deficit                                       |   |                      | (1,662,500 | )      |              |   | (1,554,519 | ) |
|                                                                                                                                |   |                      |       |   |              |   |   |   |
| Total liabilities and stockholders’ deficit                                                                                   |   | $                         | 180,508    |   |              | $      | 112,452 |   |

----

|                                                                                                   |   | Three Months Ended March 31, |     |    |  Period of Inception(July 23, 2004) throughMarch 31, 2010 |       |
|--------------------------------------------------------------------------------------------------------|--------|------------------------------|----------|---------|---------------------------------------------------------------------|------------|
|                                                                                                   |   | 2010                    |     |    | 2009                                                                |       |   |   |
| Net revenue                                                                                            |   | $                            | 44,189   |    |                                                                | $          | 34,859 |   |   | $ | 410,428 |   |
|                                                                                                   |   |                         |     |    |                                                                |       |   |   |   |   |   |   |
| Operating expenses:                                                                                    |   |                         |     |    |                                                                |       |   |   |   |   |   |   |
|    Depreciation                                                                         |   |                         | (2,165   | )       |                                                                |       | (1,448 | ) |   |   | (21,414 | ) |
|    General and administrative                                                           |   |                         | (126,678 | )       |                                                                |       | (135,935 | ) |   |   | (2,147,492 | ) |
|    Impairment of goodwill                                                               |   |                         | --       |    |                                                                |       | -- |   |   |   | (75,014 | ) |
|    Research and development                                                             |   |                         | (23,679  | )       |                                                                |       | -- |   |   |   | (23,679 | ) |
|                                                                                                   |   |                         |     |    |                                                                |       |   |   |   |   |   |   |
| Loss from operations                                                                                   |   |                         | (108,333 | )       |                                                                |       | (102,524 | ) |   |   | (1,857,171 | ) |
|                                                                                                   |   |                         |     |    |                                                                |       |   |   |   |   |   |   |
| Interest received                                                                                      |   |                         | --       |    |                                                                |       | -- |   |   |   | 19,002 |   |
| Interest expense                                                                                       |   |                         | --       |    |                                                                |       | -- |   |   |   | (2,515 | ) |
|                                                                                                   |   |                         |     |    |                                                                |       |   |   |   |   |   |   |
| Net loss                                                                                               |   |                         | (108,333 | )       |                                                                |       | (102,524 | ) |   |   | (1,840,684 | ) |
|                                                                                                   |   |                         |     |    |                                                                |       |   |   |   |   |   |   |
| Less: Net income attributable to   non-controlling interest                                  |   |                         | (6,358   | )       |                                                                |       | -- |   |   |   | (6,358 | ) |
|                                                                                                   |   |                         |     |    |                                                                |       |   |   |   |   |   |   |
| Net loss and deficit accumulated  during development state  attributable to Andain |   | $                            | (114,691 | )       |                                                                | $          | (102,524 | ) |   | $ | (1,847,042 | ) |
|                                                                                                   |   |                         |     |    |                                                                |       |   |   |   |   |   |   |
|   Basic loss per share:                                                                           |   |                         |     |    |                                                                |       |   |   |   |   |   |   |
|    Net loss attributable to Andain                                                      |   | $                       | (0.01    | )  |                                                                | $          | (0.01 | ) |   |   |   |   |
|    Weighted average shares      outstanding                    |   |                         |     |    |                                                                |       |   |   |   |   |   |   |
|                                                                                                   |   | 9,980,000                    |     |    |                                                                | 9,980,000  |   |
|                                                                                                   |   |                         |     |    |                                                                |       |   |   |   |   |   |   |
| Diluted loss per share:                                                                                |   |                         |     |    |                                                                |       |   |   |   |   |   |   |
|    Net loss attributable to Andain                                                      |   | $                            | (0.01    | )  |                                                                | $          | (0.01 | ) |   |   |   |   |
|    Weighted average shares     outstanding                     |   |                         |     |    |                                                                |       |   |   |   |   |   |   |
|                                                                                                   |   | 15,980,000                   |     |    |                                                                | 15,980,000 |   |   |   |   |   |

----

|                                                                                                                                                                                               |   | Three Months Ended March 31, |     |   | Period of Inception(July 23, 2004) through March 31, 2010 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|----------|--------|-----------------------------------------------------------|--------|
|                                                                                                                                                                                               |   |  2010                   |     |   | 2009                                                      |   |   |   |
| Operating activities:                                                                                                                                                                              |   |                              |     |   |                                                      |   |   |   |   |
|   Net loss                                                                                                                                                                               |   | $                                 | (108,333 | )      |                                                      | $      | (102,524 | ) |   | $ | (1,840,684 | ) |
|   Adjustments to reconcile net loss to net    cash provided by operating activities:                                                                                 |   |                              |     |   |                                                      |   |   |   |   |   |   |   |
|          Depreciation                                                                                                                                 |   |                              | 2,165    |   |                                                      |   | 1,448 |   |   |   | 21,414 |   |
|          Minority interest                                                                                                                            |   |                              | 100      |   |                                                      |   | (548 | ) |   |   | 2,395 |   |
|          Shares issued for professional services                                                                                                      |   |                              | --       |   |                                                      |   | -- |   |   |   | 1,910 |   |
|          Accrued expenses – stockholder                                                                                                         |   |                              | --       |   |                                                      |   | -- |   |   |   | 37,508 |   |
|          Accrued consulting fees – stockholder                                                                                                  |   |                              | --       |   |                                                      |   | -- |   |   |   | 60,000 |   |
|          Accounts payable                                                                                                                             |   |                              | 71,359   |   |                                                      |   | (20,799 | ) |   |   | 275,336 |   |
|          Accounts receivable                                                                                                                          |   |                              | (33,922  | )      |                                                      |   | 8,530 |   |   |   | (45,108 | ) |
|          Non-cash compensation expense                                                                                                                |   |                              | --       |   |                                                      |   | -- |   |   |   | 6,000 |   |
|          Equity-settled share-based payment                                                                                                           |   |                              | --       |   |                                                      |   | -- |   |   |   | 300 |   |
|          Accrued compensation                                                                                                                         |   |                              | 120,000  |   |                                                      |   | 120,000 |   |   |   | 1,560,000 |   |
|          Effect of movements in foreign             exchange rates on non-cash items |   |                              | (437     | )      |                                                      |   | 2,127 |   |   |   | (5,126 | ) |
|                                                                                                                                                                                               |   |                              |     |   |                                                      |   |   |   |   |   |   |   |
| Net cash provided by operating activities                                                                                                                                                          |   |                              | 50,932   |   |                                                      |   | 8,234 |   |   |   | 73,945 |   |
|                                                                                                                                                                                               |   |                              |     |   |                                                      |   |   |   |   |   |   |   |
| Investing activities:                                                                                                                                                                              |   |                              |     |   |                                                      |   |   |   |   |   |   |   |
|   Purchase of equipment                                                                                                                                                                  |   |                              | (1,586   | )      |                                                      |   | (2,426 | ) |   |   | (43,498 | ) |
|   Purchase of interest in equity-accounted    investee                                                                                                               |   |                              | (162     | )      |                                                      |   | (143 | ) |   |   | (2,621 | ) |
|                                                                                                                                                                                               |   |                              |     |   |                                                      |   |   |   |   |   |   |   |
| Net cash used in investing activities                                                                                                                                                              |   |                              | (1,748   | )      |                                                      |   | (2,569 | ) |   |   | (46,119 | ) |
|                                                                                                                                                                                               |   |                              |     |   |                                                      |   |   |   |   |   |   |   |
| Financing activities:                                                                                                                                                                              |   |                              |     |   |                                                      |   |   |   |   |   |   |   |
|   Proceeds from increase in bank overdrafts                                                                                                                                              |   |                              | 602      |   |                                                      |   | (3,306 | ) |   |   | 36,691 |   |
|   Proceeds from stock issued for cash                                                                                                                                                    |   |                              | --       |   |                                                      |   | -- |   |   |   | 164,800 |   |
|   Proceeds (repayment) of other loans                                                                                                                                                    |   |                              | (694     | )      |                                                      |   | 53,235 |   |   |   | (36,417 | ) |
|   Loan from majority stockholder                                                                                                                                                         |   |                              | (269     | )      |                                                      |   | 1,359 |   |   |   | (14,788 | ) |

----

|                                                                               |   | Three Months Ended March 31, |    |   | Period of Inception(July 23, 2004) through March 31, 2010 |   |
|------------------------------------------------------------------------------------|--------|-----------------------------------|---------|--------|-----------------------------------------------------------|--------|
|                                                                               |   | 2010                              |    |   | 2009                                                      |   |   |   |
|   Loan from equity-accounted investee                                    |   |                              | (28,686 | )      |                                                      |   | 16,377 |   |   |   | (30,837 | ) |
|   Loans from key management personnel                                    |   |                              | (15,655 | )      |                                                      |   | (65,134 | ) |   |   | (116,716 | ) |
|                                                                               |   |                              |    |   |                                                      |   |   |   |   |   |   |   |
| Net cash provided by (used in) financing activities                           |   |                              | (44,702 | )      |                                                      |   | 2,531 |   |   |   | 2,733 |   |
|                                                                               |   |                              |    |   |                                                      |   |   |   |   |   |   |   |
| Increase in cash and cash equivalents                                              |   |                              | 4,482   |   |                                                      |   | 8,196 |   |   |   | 30,559 |   |
|                                                                               |   |                              |    |   |                                                      |   |   |   |   |   |   |   |
| Effects of exchange rate changes on the balance of cash held in foreign currencies |   |                              | 252     |   |                                                      |   | 40 |   |   |   | 2,779 |   |
|                                                                               |   |                              |    |   |                                                      |   |   |   |   |   |   |   |
| Cash and cash equivalents, beginning of period                                |   |                              | 28,604  |   |                                                      |   | -- |   |   |   | -- |   |
|                                                                               |   |                              |    |   |                                                      |   |   |   |   |   |   |   |
| Cash and cash equivalents, end of period                                      |   | $                                 | 33,338  |   |                                                      | $      | 8,236 |   |   | $ | 33,338 |   |

| 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                                                     |   | $      | --     |   |   | $      | --     |   |   | $ | 6,000 |   |

----

----

----

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

----

----

| Name of Company         |   | Principal Activity |   | Location |   | Proportion of OwnershipInterest and Voting PowerHeld at March 31, 2010 |
|-------------------------|--------|--------------------|--------|----------|--------|------------------------------------------------------------------------|
|                    |   |               |   |     |   |                                                                   |
| Impact Active Team Ltd. |   | Consulting         |   | Israel   |   | 100%                                                                   |
| TPDS Ltd.               |   | Medical            |   | Israel   |   | 69%                                                                    |

|                                                             |   | Computers |     |   | Furniture |   |     | Vehicles |   |   | Total     |   |
|------------------------------------------------------------------|--------|-----------|----------|--------|-----------|--------|----------|----------|--------|--------|-----------|--------|
|                                                             |   |      |     |   |      |   |     |     |   |   |      |   |
| Balance as of December 31, 2009                                  |   | $         | 4,079    |   |      | $      | 4,609    |     |   | $      | 17,483    |   |   | $ | 26,171 |   |
|                                                             |   |      |     |   |      |   |     |     |   |   |      |   |   |   |   |   |
|   Capital expenditure                                  |   |      | 1,586    |   |      |   | --       |     |   |   | --        |   |   |   |  1,586 |   |
|   Depreciation                                         |   |      | (718     | )      |      |   | (104     | )        |   |   | (1,343    | )      |   |   | (2,165 | ) |
|   Effect of foreign currency exchange differences |   |      |  68 |   |      |   |  77 |     |   |   |  292 |   |   |   |  437 |   |
|                                                             |   |      |     |   |      |   |     |     |   |   |      |   |   |   |   |   |
| Balance as of March 31, 2010 (unaudited)                         |   | $         | 5,015    |   |      | $      | 4,582    |     |   | $      | 16,432    |   |   | $ | 26,029 |   |

| Investment in Equity-Accounted Investee at December 31, 2009          |   | $      | 2,459     |   |
|-----------------------------------------------------------------------|--------|--------|-----------|--------|
|                                                                  |   |   |      |   |
| Acquisitions                                                          |   |   |  162 |   |
|                                                                  |   |   |      |   |
| Investment in Equity-Accounted Investee at March 31, 2010 (unaudited) |   | $      | 2,621     |   |

----

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

|        |   | March 31, 2010 |   |   | December 31, 2009 |   |
|-------------|--------|----------------|--------|--------|-------------------|--------|
|        |   | (Unaudited)    |   |   |              |   |
|        |   |           |   |   |              |   |
| Other loans |   | $              | 39,098 |   |              | $      | 38,456 |   |

| Loans with related companies:               |   |   |        |   |   |   |        |   |
|---------------------------------------------|--------|--------|-------------|--------|--------|--------|-------------|--------|
|    Equity-Accounted Investee |   |   | 30,837      |   |   |   | 2,151       |   |
|    Related company           |   |   |  3,131 |   |   |   |  3,079 |   |
|                                        |   |   |        |   |   |   |        |   |
|                                        |   | $      | 73,066      |   |   | $      | 43,686      |   |

|                                            |   | March 31, 2010 |         |   | December 31, 2009 |   |
|-------------------------------------------------|--------|----------------|--------------|--------|-------------------|--------|
|                                            |   | (Unaudited)    |         |   |              |   |
|                                            |   |           |         |   |              |   |
| Key management personnel                        |   | $              | 1,443,284    |   |              | $      | 1,338,939 |   |
| Majority Stockholder (as defined under Note 11) |   |           |  82,720 |   |              |   |  82,989 |   |
|                                            |   |           |         |   |              |   |   |   |
|                                            |   | $              | 1,526,004    |   |              | $      | 1,421,928 |   |

----

| · | 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 |   | $      | (40,142 | )      |
|--------------------------------------|--------|--------|---------|--------|
| Valuation allowance                  |   |   | 40,142  |   |
|                                 |   |   |    |   |
| 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, 2010 |       |   | December 31, 2009 |   |
|----------------------------------------------------------------|--------|----------------|------------|--------|-------------------|--------|
|                                                           |   | (Unaudited)    |       |   |              |   |
|                                                           |   | $              |       |   | $                 |   |
| Income statements:                                             |   |           |       |   |              |   |
|   Directors’ remuneration                      |   |           | 120,000    |   |              |   | 480,000 |   |
|                                                           |   |           |       |   |              |   |   |   |
| Balance sheets:                                                |   |           |       |   |              |   |   |   |
|   Investment in Equity-Accounted Investee            |   |           | 2,621      |   |              |   | 2,459 |   |
|   Loan – Equity Accounted Investee             |   |           | 30,837     |   |              |   | 2,151 |   |
|   Loan – related company                       |   |           | 3,131      |   |              |   | 3,079 |   |
|   Accounts payable – Equity Accounted Investee |   |           | (178,223   | )      |              |   | (120,329 | ) |
|   Loan – Majority Stockholder                  |   |           | (82,720    | )      |              |   | (82,989 | ) |
|   Loans – key management personnel             |   |           | (1,443,284 | )      |              |   | (1,338,939 | ) |

----

----

----

----

----

| · | 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 30, 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).                                                                |

----

| 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).                                                                                                                       |

----

----