----

----

| 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, 2009 |   |
|                             (UNAUDITED) AND DECEMBER 31, 2008                | 3      |
|                                                                                                                                                                                                                     |   |
|                             CONSOLIDATED STATEMENTS OF OPERATIONS            |   |
|                             (UNAUDITED) FOR THE THREE MONTHS                 |   |
|                             ENDED MARCH 31, 2009 AND MARCH 31, 2008 AND      |   |
|                             PERIOD OF INCEPTION THROUGH MARCH 31, 2009       | 5      |
|                                                                                                                                                                                                                     |   |
|                             CONSOLIDATED STATEMENTS OF CASH FLOWS            |   |
|                             (UNAUDITED) FOR THE THREE MONTHS ENDED           |   |
|                             MARCH 31, 2009 AND MARCH 31, 2008 AND            |   |
|                             PERIOD OF INCEPTION THROUGH MARCH 31, 2009       | 6      |
|                                                                                                                                                                                                                     |   |
|                             NOTES TO UNAUDITED CONSOLIDATED                  |   |
|                             FINANCIAL STATEMENTS                             | 8      |
|                                                                                                                                                                                                                     |   |
|             ITEM 2.  MANAGEMIENT’S DISCUSSION AND ANALYSIS OF                                                                                |   |
|                             FINANCIAL CONDITION AND RESULTS OF OPERATIONS    | 17     |
|                                                                                                                                                                                                                     |   |
|             ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES                                                                                                 |   |
|                             ABOUT MARKET RISK                                | 23     |
|                                                                                                                                                                                                                     |   |
|             ITEM 4.  CONTROLS AND PROCEDURES                                                                                                       | 23     |
|                                                                                                                                                                                                                     |   |
| PART II – OTHER INFORMATION                                                                                                                                                                                        |   |
|                                                                                                                                                                                                                     |   |
|             ITEM 1.  LEGAL PROCEEDINGS                                                                                                             | 24     |
|                                                                                                                                                                                                                     |   |
|             ITEM 1A. RISK FACTORS                                                                                                                            | 24     |
|                                                                                                                                                                                                                     |   |
|             ITEM 2.  UNREGISTERED SALES OF EQUITY                                                                                                  |   |
|                              SECURITIES AND USE OF PROCEEDS             | 24     |
|                                                                                                                                                                                                                     |   |
|             ITEM 3.  DEFAULTS UPON SENIOR SECURITIES                                                                                               | 25     |
|                                                                                                                                                                                                                     |   |
|             ITEM 4.  (REMOVED AND RESERVED)                                                                                                        | 25     |
|                                                                                                                                                                                                                     |   |
|             ITEM 5.  OTHER INFORMATION                                                                                                             | 25     |
|                                                                                                                                                                                                                     |   |
|             ITEM 6.  EXHIBITS                                                                                                                      | 25     |
|                                                                                                                                                                                                                     |   |
| SIGNATURE                                                                                                                                                                                                                | 25     |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | March 31, 2009(Unaudited) |      |   | December 31, 2008 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|-----------|--------|-------------------|--------|
|                                                                        ASSETS |   |                           |      |   |              |   |
| Current assets:                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                           |      |   |              |   |
|    Cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                                                                      |   | $                              | 8,236     |   |              | $      | -- |   |
|    Accounts receivable                                                                                                                                                                                                                                                                                                                                                                                                            |   |                           | 3,778     |   |              |   | 12,308 |   |
| Total current assets                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                           | 12,014    |   |              |   | 12,308 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                           |      |   |              |   |   |   |
| Property, plant and equipment                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                           | 21,929    |   |              |   | 23,078 |   |
| Investment in equity-accounted investee                                                                                                                                                                                                                                                                                                                                                                                                          |   |                           | 1,966     |   |              |   | 1,823 |   |
| Other assets                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                           | 37,439    |   |              |   | 90,674 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                           |      |   |              |   |   |   |
| Total assets                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $                              | 73,348    |   |              | $      | 127,883 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                           |      |   |              |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT                                                                                                                                                                                                                                                                                                                                                                                                      |   |
| Current liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                           |      |   |              |   |   |   |
|   Accounts payable and accrued expenses                                                                                                                                                                                                                                                                                                                                                                                                |   | $                              | 98,865    |   |              | $      | 119,664 |   |
| Total current liabilities                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                           | 98,865    |   |              |   | 119,664 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                           |      |   |              |   |   |   |
| Long-term liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                           |      |   |              |   |   |   |
|   Long-term debt                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                           | 1,136,834 |   |              |   | 1,064,232 |   |
|   Bank overdrafts                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                           | 32,530    |   |              |   | 35,836 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                           |      |   |              |   |   |   |
| Total liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                           | 1,268,229 |   |              |   | 1,219,732 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                           |      |   |              |   |   |   |
| Minority interest                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                           | 1,704     |   |              |   | 2,252 |   |

----

|                                                                                                                                |   | March 31, 2009(Unaudited) |       |   | December 31, 2008 |   |
|-------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|------------|--------|-------------------|--------|
| 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                                                                      |   |                           | (1,371,512 | )      |              |   | (1,268,988 | ) |

|    Accumulated other comprehensive loss                                               |   |   | 1,917      |   |   |   | 1,877      |   |
|------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|------------|--------|
|           Total Andain stockholders’ deficit |   |   | (1,196,585 | )      |   |   | (1,094,101 | )      |
|                                                                                                 |   |   |       |   |   |   |       |   |
|           Total stockholders’ deficit        |   |   | (1,194,881 | )      |   |   | (1,091,849 | )      |
|                                                                                                 |   |   |       |   |   |   |       |   |
| Total liabilities and stockholders’ deficit                                                    |   | $      | 73,348     |   |   | $      | 127,883    |   |

----

|                                                                 |   |  Three Months Ended March 31, |     |   | Period of Inception(July 23, 2004) through |   |
|----------------------------------------------------------------------|--------|------------------------------------|----------|--------|--------------------------------------------|--------|
|                                                                 |   | 2009                          |     |   | 2008                                       |   |   | March 31, 2009 |   |
|                                                                 |   |                               |     |   |                                       |   |   |   |   |
| Net revenue                                                          |   | $                                  | 34,859   |   |                                       | $      | -- |   |   | $ | 335,597 |   |
|                                                                 |   |                               |     |   |                                       |   |   |   |   |   |   |   |
| Operating expenses:                                                  |   |                               |     |   |                                       |   |   |   |   |   |   |   |
|    Depreciation                                       |   |                               | (1,448   | )      |                                       |   | (1,492 | ) |   |   | (14,271 | ) |
|    General and administrative                         |   |                               | (135,935 | )      |                                       |   | (135,025 | ) |   |   | (1,626,028 | ) |
|    Impairment of goodwill                             |   |                               | --       |   |                                       |   | -- |   |   |   | (75,014 | ) |
|                                                                 |   |                               |     |   |                                       |   |   |   |   |   |   |   |
| Loss from operations                                                 |   |                               | (102,524 | )      |                                       |   | (136,517 | ) |   |   | (1,379,716 | ) |
|                                                                 |   |                               |     |   |                                       |   |   |   |   |   |   |   |
| Interest received                                                    |   |                               | --       |   |                                       |   | -- |   |   |   | 10,719 |   |
| Interest expense                                                     |   |                               | --       |   |                                       |   | -- |   |   |   | (2,515 | ) |
|                                                                 |   |                               |     |   |                                       |   |   |   |   |   |   |   |
| Net loss and deficit accumulated  during development state |   | $                                  | (102,524 | )      |                                       | $      | (136,517 | ) |   | $ | (1,371,512 | ) |

|                                                                     |   |   |            |   |   |   |            |   |   |
|--------------------------------------------------------------------------|--------|--------|-----------------|--------|--------|--------|-----------------|--------|--------|
| 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      |   |   |   | 13,980,000      |   |   |   |   |   |

----

|                                                                                                                                                                                               |   | Three Months Ended March 31, |     |   | Period of Inception(July 23, 2004) through |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|----------|--------|--------------------------------------------|--------|
|                                                                                                                                                                                               |   | 2009                         |     |   | 2008                                       |   |   | March 31, 2009 |   |
|                                                                                                                                                                                               |   |                              |     |   |                                       |   |   |   |   |
| Operating activities:                                                                                                                                                                              |   |                              |     |   |                                       |   |   |   |   |
|   Net loss                                                                                                                                                                               |   | $                                 | (102,524 | )      |                                       | $      | (136,517 | ) |   | $ | (1,371,512 | ) |
|   Adjustments to reconcile net loss to net    cash provided by (used in)    operating activities:                                                |   |                              |     |   |                                       |   |   |   |   |   |   |   |
|          Depreciation                                                                                                                                 |   |                              | 1,448    |   |                                       |   | 1,492 |   |   |   | 14,271 |   |
|          Minority interest                                                                                                                            |   |                              | (548     | )      |                                       |   | 484 |   |   |   | 1,704 |   |
|          Shares issued for professional services                                                                                                      |   |                              | --       |   |                                       |   | -- |   |   |   | 1,910 |   |
|          Accrued expenses – stockholder                                                                                                         |   |                              | --       |   |                                       |   | -- |   |   |   | 37,508 |   |
|          Accrued consulting fees - stockholder                                                                                                        |   |                              | --       |   |                                       |   | -- |   |   |   | 60,000 |   |
|          Accounts payable                                                                                                                             |   |                              | (20,799  | )      |                                       |   | 17,769 |   |   |   | 94,511 |   |
|          Accounts receivable                                                                                                                          |   |                              | 8,530    |   |                                       |   | 11,798 |   |   |   | (3,520 | ) |
|          Non-cash compensation expense                                                                                                                |   |                              | --       |   |                                       |   | -- |   |   |   | 6,000 |   |
|          Equity-settled share-based payment                                                                                                           |   |                              | --       |   |                                       |   | -- |   |   |   | 300 |   |
|          Accrued compensation                                                                                                                         |   |                              | 120,000  |   |                                       |   | 120,000 |   |   |   | 1,080,000 |   |
|          Effect of movements in foreign             exchange rates on non-cash items |   |                              | 2,127    |   |                                       |   | (2,336 | ) |   |   | (2,284 | ) |
|                                                                                                                                                                                               |   |                              |     |   |                                       |   |   |   |   |   |   |   |
| Net cash provided by (used in)  operating activities                                                                                                                                     |   |                              | 8,234    |   |                                       |   | 12,690 |   |   |   | (81,112 | ) |

|                                                                                 |   |   |   |   |   |   |   |   |   |
|--------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| Investing activities:                                                                |   |   |   |   |   |   |   |   |   |
|   Purchase of equipment                                                    |   |   | (2,426 | )      |   |   | --     |   |   |   | (34,983 | ) |
|   Purchase of interest in equity-accounted    investee |   |   | (143   | )      |   |   | (169   | )      |   |   | (1,966 | ) |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Net cash used in investing activities                                                |   |   | (2,569 | )      |   |   | (169   | )      |   |   | (36,949 | ) |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Financing activities:                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
|   Proceeds from increase in bank overdrafts                                |   |   | (3,306 | )      |   |   | (4,341 | )      |   |   | 32,530 |   |
|   Proceeds from stock issued for cash                                      |   |   | --     |   |   |   | --     |   |   |   | 164,800 |   |
|   Proceeds (repayment) of other loans                                      |   |   | 53,235 |   |   |   | (1,108 | )      |   |   | (32,276 | ) |

----

|                                                                               |   |   | Three Months Ended March 31, |   |   |  Period of Inception (July 23, 2004) through |    |
|------------------------------------------------------------------------------------|--------|--------|-----------------------------------|--------|--------|--------------------------------------------------------|---------|
|                                                                               |   |   | 2009                              |   |   |                                                   | 2008    |   |   |   |   |   |
|                                                                               |   |   |                              |   |   |                                                   |    |   |   |   |   |   |
|   Loan from majority stockholder                                         |   |   | 1,359                             |   |   |                                                   | (23,179 | ) |   |   | (11,875 | ) |
|   Loan from equity-accounted investee                                    |   |   | 16,377                            |   |   |                                                   | 169     |   |   |   | 18,200 |   |
|   Loans from key management personnel                                    |   |   | (65,134                           | )      |   |                                                   | 18,011  |   |   |   | (46,999 | ) |
|                                                                               |   |   |                              |   |   |                                                   |    |   |   |   |   |   |
| Net cash provided by (used in)  financing activities                     |   |   | 2,531                             |   |   |                                                   | (10,448 | ) |   |   | 124,380 |   |
|                                                                               |   |   |                              |   |   |                                                   |    |   |   |   |   |   |
| Increase in cash and cash equivalents                                              |   |   | 8,196                             |   |   |                                                   | 2,073   |   |   |   | 6,319 |   |
|                                                                               |   |   |                              |   |   |                                                   |    |   |   |   |   |   |
| Effects of exchange rate changes on the balance of cash held in foreign currencies |   |   | 40                                |   |   |                                                   | 543     |   |   |   | 1,917 |   |
|                                                                               |   |   |                              |   |   |                                                   |    |   |   |   |   |   |
| Cash and cash equivalents,   beginning of period                    |   |   | --                                |   |   |                                                   | --      |   |   |   | -- |   |
|                                                                               |   |   |                              |   |   |                                                   |    |   |   |   |   |   |
| Cash and cash equivalents,   end of period                          |   | $      | 8,236                             |   |   | $                                                      | 2,616   |   |   | $ | 8,236 |   |

| 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, 2009 |
|-----------------------------|--------|--------------------------------------------------------------------------|--------|----------------------------------------|--------|------------------------------------------------------------------------|
|                        |   |                                                                     |   |                                   |   |                                                                   |
| Impact Active Team Ltd.     |   | Consulting                                                               |   | Israel                                 |   | 100%                                                                   |
| TPDS Ltd.                   |   | Medical                                                                  |   | Israel                                 |   | 69%                                                                    |

|                                    |   |   | Computers |   |   |   | Furniture |   |   |   | Vehicles     |   |   |   | Total        |   |
|-----------------------------------------|--------|--------|-----------|--------|--------|--------|-----------|--------|--------|--------|--------------|--------|--------|--------|--------------|--------|
|                                    |   |   |      |   |   |   |      |   |   |   |         |   |   |   |         |   |
| Balance as of December 31, 2008         |   | $      | 273       |   |   | $      | 198       |   |   | $      | 22,607       |   |   | $      | 23,078       |   |
|                                    |   |   |      |   |   |   |      |   |   |   |         |   |   |   |         |   |
| Capital expenditure                     |   |   | 1,760     |   |   |   | 666       |   |   |   | --      |   |   |   | 2,426        |   |
| Depreciation                            |   |   | (187      | )      |   |   | (70       | )      |   |   | (1,191       | )      |   |   | (1,448       | )      |
| Effect of foreign currency              |   |   |      |   |   |   |      |   |   |   |         |   |   |   |         |   |
| exchange differences                    |   |   |  (25 | )      |   |   |  (18 | )      |   |   |  (2,084 | )      |   |   |  (2,127 | )      |
|                                    |   |   |      |   |   |   |      |   |   |   |         |   |   |   |         |   |
| Balance as of March 31, 2009(unaudited) |   | $      | 1,821     |   |   | $      | 776       |   |   | $      | 19,332       |   |   | $      | 21,929       |   |

| Investment in Equity-Accounted Investee at December 31, 2008          |   | $      | 1,823     |   |
|-----------------------------------------------------------------------|--------|--------|-----------|--------|
|                                                                  |   |   |      |   |
| Acquisitions                                                          |   |   |  143 |   |
|                                                                  |   |   |      |   |
| Investment in Equity-Accounted Investee at March 31, 2009 (unaudited) |   | $      | 1,966     |   |

----

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

|                                                 |   | 2009   |        |   | 2008   |   |
|------------------------------------------------------|--------|--------|-------------|--------|--------|--------|
|                                                 |   |   |        |   |   |   |
| Other loans                                          |   | $      | 34,663      |   |   | $      | 87,616 |   |
|                                                 |   |   |        |   |   |   |   |   |
| Loans with related companies:                        |   |   |        |   |   |   |   |   |
|        Related company |   |   |  2,776 |   |   |   |  3,058 |   |
|                                                 |   | $      | 37,439      |   |   | $      | 90,674 |   |

|                                            |   | March 31, 2009 |      |   | December 31, 2008 |   |
|-------------------------------------------------|--------|----------------|-----------|--------|-------------------|--------|
|                                            |   | (Unaudited)    |      |   |              |   |
|                                            |   |           |      |   |              |   |
| Key management personnel                        |   | $              | 1,033,001 |   |              | $      | 978,135 |   |
| Equity-Accounted Investee                       |   |           | 18,200    |   |              |   | 1,823 |   |
| Majority Stockholder (as defined under Note 11) |   |           | 85,633    |   |              |   |  84,274 |   |
|                                            |   |           |      |   |              |   |   |   |
|                                            |   | $              | 1,136,834 |   |              | $      | 1,064,232 |   |

----

| · | 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 |   | $      | (35,883 | )      |
|--------------------------------------|--------|--------|---------|--------|
| Valuation allowance                  |   |   | 35,883  |   |
|                                 |   |   |    |   |
| 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, 2009 |   |   | December 31, 2008 |   |
|--------------------|--------|--------|----------------|--------|--------|-------------------|--------|
|               |   |   | (Unaudited)$   |   |   |   $          |   |
| Income statements: |   |   |           |   |   |              |   |
|   | Compensation expenses         |   |   | --      |   |   |  2,000 |    |
|--------|-------------------------------|--------|--------|---------|--------|--------|-------------|---------|
|   | Directors’ remuneration |   |   | 120,000 |   |   |        | 480,000 |   |
|   |                          |   |   |    |   |   |        |    |   |
| Balance sheets: |   |   |   |   |   |   |   |   |   |
|-----------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|

|   | Investment in Equity-Accounted Investee      |   |   | 1,966      |   |   |   | 1,823    |   |
|--------|----------------------------------------------|--------|--------|------------|--------|--------|--------|----------|--------|
|   | Loan - Equity-Accounted Investee        |   |   | (18,200    | )      |   |   | (1,823   | )      |
|   | Loan - related company                       |   |   | 2,776      |   |   |   | 3,058    |   |
|   | Accounts payable - Equity Accounted Investee |   |   | (26,862    | )      |   |   | --  |   |
|   | Loan - Majority Stockholder                  |   |   | (85,633    | )      |   |   | (84,274  | )      |
|   | Loans - key management personnel             |   |   | (1,033,001 | )      |   |   | (978,135 | )      |

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| · | 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. |
|--------|---------------------------------------------------------------------------------|

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|                    | Andain, Inc. |                            |
|-------------------------|--------------|---------------------------------|
|                    |         |                            |   |
| Dated: January 26, 2011 | By:          | /s/ Sam Shlomo Elimelech   |   |
|                    |         | Sam Shlomo Elimelech, President |   |

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| 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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