----

----

|  Nevada                                                                        |  20-2066406                                      |
|-------------------------------------------------------------------------------------|-------------------------------------------------------|
|  (State or Other Jurisdiction of Incorporation or Organization)                |  (I.R.S. Employer  Identification No.) |
|                                                                                |                                                  |
|  5190 Neil Road, Suite 430, Reno, Nevada                                       |  89502                                           |
|  (Address of Principal Executive Offices)                                      |  (Zip Code)                                      |
|                                                                                |                                                  |
| Company’s telephone number:  (775) 333-5997                         |
| __________________________________________________________________                  |
| (Former Name, Former Address, and Former Fiscal Year, if Changed Since Last Report) |

|  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 SEPTEMBER 30, 2008 |       |
|                             (UNAUDITED) AND DECEMBER 31, 2007                    | 3          |
|                                                                                                                                                                                                                         |       |
|                             CONSOLIDATED STATEMENTS OF OPERATIONS                |       |
|                             (UNAUDITED) FOR THE THREE AND NINE MONTHS            |       |
|                             ENDED SEPTEMBER 30, 2008 AND SEPTEMBER 30, 2007 AND  |       |
|                             PERIOD OF INCEPTION THROUGH SEPTEMBER 30, 2008       | 5          |
|                                                                                                                                                                                                                         |       |
|                             CONSOLIDATED STATEMENTS OF CASH FLOWS                |       |
|                             (UNAUDITED) FOR THE NINE MONTHS ENDED                |       |
|                             SEPTEMBER 30, 2008 AND SEPTEMBER 30, 2007 AND        |       |
|                             PERIOD OF INCEPTION THROUGH SEPTEMBER 30, 2008       | 7          |
|                                                                                                                                                                                                                         |       |
|                             NOTES TO UNAUDITED CONSOLIDATED                      |       |
|                             FINANCIAL STATEMENTS                                 | 9          |
|                                                                                                                                                                                                                         |       |
|             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                 | 25         |
|                                                                                                                                                                                                                         |       |
|             ITEM 3.  DEFAULTS UPON SENIOR SECURITIES                                                                                                   | 25         |
|                                                                                                                                                                                                                         |       |
|             ITEM 4.  (REMOVED AND RESERVED)                                                                                                            | 25         |
|                                                                                                                                                                                                                         |       |
|             ITEM 5.  OTHER INFORMATION                                                                                                                 | 25         |
|                                                                                                                                                                                                                         |       |
|             ITEM 6.  EXHIBITS                                                                                                                          | 25         |
|                                                                                                                                                                                                                         |       |
| SIGNATURE                                                                                                                                                                                                                    | 25         |

----

|                                                                                 |   |  September 30, 2008(Unaudited) |   December 31, 2007 |   |
|--------------------------------------------------------------------------------------|--------|-------------------------------------|--------------------------|--------|
|              ASSETS |   |                                |                     |   |
| Current assets:                                                                      |   |                                |                     |   |
|    Accounts receivable                                                |   | $                                   | 15,444                   |   |   | $ | 16,812 |   |
|           Total current assets     |   |                                | 15,444                   |   |   |   | 16,812 |   |
|                                                                                 |   |                                |                     |   |   |   |   |   |
| Property, plant and equipment                                                        |   |                                | 27,197                   |   |   |   | 28,328 |   |
| Investment in equity-accounted investee                                              |   |                                | 1,715                    |   |   |   | 1,192 |   |
| Loan with related party                                                              |   |                                | 15,091                   |   |   |   | -- |   |
| Other loans                                                                          |   |                                | 93,253                   |   |   |   | 72,678 |   |
|                                                                                 |   |                                |                     |   |   |   |   |   |
| Total assets                                                                         |   | $                                   | 152,700                  |   |   | $ | 119,010 |   |

|               LIABILITIES AND STOCKHOLDERS’ DEFICIT |   |   |      |   |   |   |
|---------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|
| Current liabilities:                                                                                                            |   |   |      |   |   |   |
|   Accounts payable and accrued expenses                                                                               |   | $      | 140,509   |   |   | $      | 112,021 |   |
| Total current liabilities                                                                                                       |   |   | 140,509   |   |   |   | 112,021 |   |
|                                                                                                                            |   |   |      |   |   |   |   |   |
| Long-term liabilities:                                                                                                          |   |   |      |   |   |   |   |   |
|   Long-term debt                                                                                                      |   |   | 943,396   |   |   |   | 559,423 |   |
|   Bank overdrafts                                                                                                     |   |   | 40,799    |   |   |   | 42,685 |   |
|                                                                                                                            |   |   |      |   |   |   |   |   |
| Total liabilities                                                                                                               |   |   | 1,124,704 |   |   |   | 714,129 |   |
|                                                                                                                            |   |   |      |   |   |   |   |   |
| Minority interest                                                                                                               |   |   | 2,915     |   |   |   | 2,185 |   |

----

|                                                                                                                                |   | September 30, 2008(Unaudited) |       |   | December 31, 2007 |   |
|-------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------|------------|--------|-------------------|--------|
| Stockholders’ deficit:                                                                                                        |   |                          |       |   |              |   |
|    Preferred stock, $0.001 par value, 10,000,000 authorized  shares; no shares issued and outstanding      |   |                          | --         |   |              |   | -- |   |
|    Common stock, $0.001 par value, 500,000,000 shares  authorized; 9,980,000 shares issued and outstanding |   |                          | 9,980      |   |              |   | 9,980 |   |
|    Additional paid-in capital                                                                                        |   |                          | 156,730    |   |              |   | 156,730 |   |
|    Share-based reserves                                                                                              |   |                          | 4,300      |   |              |   | 4,300 |   |
|    Accumulated deficit during development stage                                                                      |   |                          | (1,147,495 | )      |              |   | (769,060 | ) |
|    Accumulated other comprehensive loss                                                                              |   |                          | 1,566      |   |              |   | 746 |   |
|           Total Andain stockholders’ deficit                                |   |                          | (974,919   | )      |              |   | (597,304 | ) |
|                                                                                                                                |   |                          |       |   |              |   |   |   |
|           Total stockholders’ deficit                                       |   |                          | (972,004   | )      |              |   | (595,119 | ) |
|                                                                                                                                |   |                          |       |   |              |   |   |   |
| Total liabilities and stockholders’ deficit                                                                                   |   | $                             | 152,700    |   |              | $      | 119,010 |   |

----

|                                                                               |   |   | Three Months Ended September 30, |   |   |   | Nine Months EndedSeptember 30, |   |   |   | Period of Inception (July 23, 2004) through September 30, |   |
|------------------------------------------------------------------------------------|--------|--------|----------------------------------|--------|--------|--------|--------------------------------|--------|--------|--------|-----------------------------------------------------------|--------|
|                                                                               |   |   | 2008                             |   |   |   | 2007                           |   |   |   | 2008                                                      |   |   |   | 2007 |   |   |   | 2008 |   |
|                                                                               |   |   |                             |   |   |   |                           |   |   |   |                                                      |   |   |   |   |   |   |   |   |   |
| Net revenue                                                                        |   | $      | 12,133                           |   |   | $      | 3,259                          |   |   | $      | 21,219                                                    |   |   | $ | 142,703 |   |   | $ | 284,107 |   |
|                                                                               |   |   |                             |   |   |   |                           |   |   |   |                                                      |   |   |   |   |   |   |   |   |   |
| Operating expenses:                                                                |   |   |                             |   |   |   |                           |   |   |   |                                                      |   |   |   |   |   |   |   |   |   |
|    Depreciation                                                     |   |   | (1,486                           | )      |   |   | (1,255                         | )      |   |   | (4,650                                                    | )      |   |   | (3,743 | ) |   |   | (11,895 | ) |
|    General and administrative                                       |   |   | (125,445                         | )      |   |   | (109,487                       | )      |   |   | (395,004                                                  | )      |   |   | (482,726 | ) |   |   | (1,348,618 | ) |
|    Impairment of goodwill                                           |   |   | --                               |   |   |   | --                             |   |   |   | --                                                        |   |   |   | -- |   |   |   | (75,014 | ) |
|                                                                               |   |   |                             |   |   |   |                           |   |   |   |                                                      |   |   |   |   |   |   |   |   |   |
| Loss from operations                                                               |   |   | (114,798                         | )      |   |   | (107,483                       | )      |   |   | (378,435                                                  | )      |   |   | (343,766 | ) |   |   | (1,151,420 | ) |
|                                                                               |   |   |                             |   |   |   |                           |   |   |   |                                                      |   |   |   |   |   |   |   |   |   |
| Interest received                                                                  |   |   | --                               |   |   |   | --                             |   |   |   | --                                                        |   |   |   | -- |   |   |   | 5,469 |   |
| Interest expense                                                                   |   |   | --                               |   |   |   | --                             |   |   |   | --                                                        |   |   |   | -- |   |   |   | (1,544 | ) |
|                                                                               |   |   |                             |   |   |   |                           |   |   |   |                                                      |   |   |   |   |   |   |   |   |   |
| Net loss and deficit accumulated  during development stage               |   | $      | (114,798                         | )      |   | $      | (107,483                       | )      |   | $      | (378,435                                                  | )      |   | $ | (343,766 | ) |   | $ | (1,147,495 | ) |
|                                                                               |   |   |                             |   |   |   |                           |   |   |   |                                                      |   |   |   |   |   |   |   |   |   |
| Basic loss per share:                                                              |   |   |                             |   |   |   |                           |   |   |   |                                                      |   |   |   |   |   |   |   |   |   |
|    Net loss attributable to Andain                                  |   | $      | (0.01                            | )      |   | $      | (0.01                          | )      |   | $      | (0.04                                                     | )      |   | $ | (0.03 | ) |   |   |   |   |
|    Weighted average shares     outstanding |   |   | 9,980,000                        |   |   |   | 9,980,000                      |   |   |   | 9,980,000                                                 |   |   |   | 9,980,000 |   |   |   |   |   |
|                                                                               |   |   |                             |   |   |   |                           |   |   |   |                                                      |   |   |   |   |   |   |   |   |   |
| Diluted loss per share:                                                            |   |   |                             |   |   |   |                           |   |   |   |                                                      |   |   |   |   |   |   |   |   |   |
|    Net loss attributable to Andain                                  |   | $      | (0.01                            | )      |   | $      | (0.01                          | )      |   | $      | (0.03                                                     | )      |   | $ | (0.03 | ) |   |   |   |   |
|    Weighted average shares     outstanding |   |   | 13,980,000                       |   |   |   | 11,980,000                     |   |   |   | 13,980,000                                                |   |   |   | 11,980,000 |   |   |   |   |   |

----

|                                                                                                                                                                                               |   | Nine Months Ended September 30, |     |   | Period of Inception(July 23, 2004) through September 30, |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------|----------|--------|----------------------------------------------------------|--------|
|                                                                                                                                                                                               |   |  2008                      |     |   |  2007                                               |   |   |  2008 |   |
| Operating activities:                                                                                                                                                                              |   |                                 |     |   |                                                     |   |   |   |   |
|   Net loss                                                                                                                                                                               |   | $                                    | (378,435 | )      |                                                     | $      | (343,766 | ) |   | $ | (1,147,495 | ) |
|   Adjustments to reconcile net loss to net    cash provided by (used in) operating activities:                                                             |   |                                 |     |   |                                                     |   |   |   |   |   |   |   |
|          Depreciation                                                                                                                                 |   |                                 | 4,650    |   |                                                     |   | 3,743 |   |   |   | 11,895 |   |
|          Minority interest                                                                                                                            |   |                                 | 730      |   |                                                     |   | 283 |   |   |   | 2,915 |   |
|          Shares issued for professional services                                                                                                      |   |                                 | --       |   |                                                     |   | -- |   |   |   | 1,910 |   |
|          Accrued expenses – stockholder                                                                                                         |   |                                 | --       |   |                                                     |   | 1,506 |   |   |   | 37,508 |   |
|          Accrued consulting fees - stockholder                                                                                                        |   |                                 | --       |   |                                                     |   | -- |   |   |   | 60,000 |   |
|          Accounts payable                                                                                                                             |   |                                 | 28,488   |   |                                                     |   | 52,081 |   |   |   | 137,451 |   |
|          Accounts receivable                                                                                                                          |   |                                 | 1,368    |   |                                                     |   | (6,761 | ) |   |   | (15,381 | ) |
|          Non-cash compensation expense                                                                                                                |   |                                 | --       |   |                                                     |   | -- |   |   |   | 4,000 |   |
|          Equity-settled share-based payment                                                                                                           |   |                                 | --       |   |                                                     |   | -- |   |   |   | 300 |   |
|          Accrued compensation                                                                                                                         |   |                                 | 360,000  |   |                                                     |   | 270,000 |   |   |   | 840,000 |   |
|          Effect of movements in foreign             exchange rates on non-cash items |   |                                 | (3,519   | )      |                                                     |   | (1,617 | ) |   |   | (7,862 | ) |
|                                                                                                                                                                                               |   |                                 |     |   |                                                     |   |   |   |   |   |   |   |
| Net cash provided by (used in)  operating activities                                                                                                                                     |   |                                 | 13,282   |   |                                                     |   | (24,531 | ) |   |   | (74,759 | ) |

|                                                                                             |   |   |    |   |   |   |    |   |   |
|--------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|
| Investing activities:                                                                            |   |   |    |   |   |   |    |   |   |
|    Purchase of equipment                                                          |   |   | --      |   |   |   | --      |   |   |   | (32,557 | ) |
|    Purchase of interest in equity-accounted     investee |   |   | (523    | )      |   |   | (468    | )      |   |   | (1,715 | ) |
|                                                                                             |   |   |    |   |   |   |    |   |   |   |   |   |
| Net cash used in investing activities                                                            |   |   | (523    | )      |   |   | (468    | )      |   |   | (34,272 | ) |
|                                                                                             |   |   |    |   |   |   |    |   |   |   |   |   |
| Financing activities:                                                                            |   |   |    |   |   |   |    |   |   |   |   |   |
|    Proceeds from increase in bank overdrafts                                      |   |   | (1,886  | )      |   |   | 41,632  |   |   |   | 40,799 |   |
|    Proceeds from stock issued for cash                                            |   |   | --      |   |   |   | --      |   |   |   | 164,800 |   |
|    Repayment of other loans                                                       |   |   | (35,666 | )      |   |   | (14,049 | )      |   |   | (104,022 | ) |
|    Loan from majority stockholder                                                 |   |   | (1,669  | )      |   |   | (605    | )      |   |   | (13,596 | ) |

----

|                                                                                                                                                      |   |   | Nine Months EndedSeptember 30, |   |   |   | Period of Inception (July 23, 2004) through September 30, |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------------------------------|--------|--------|--------|---------------------------------------------------------------------|--------|
|                                                                                                                                                      |   |   | 2008                           |   |   |   | 2007                                                                |   |   |   | 2008 |   |
|                                                                                                                                                      |   |   |                           |   |   |   |                                                                |   |   |   |   |   |
|    Loan from equity-accounted investee                                                                                                     |   |   | 523                            |   |   |   | 468                                                                 |   |   |   | 1,715 |   |
|    Loans from key management personnel                                                                                                     |   |   | 25,119                         |   |   |   | (16,138                                                             | )      |   |   | 17,769 |   |
|                                                                                                                                                      |   |   |                           |   |   |   |                                                                |   |   |   |   |   |
| Net cash provided by (used in) financing activities                                                                                                       |   |   | (13,579                        | )      |   |   | 11,308                                                              |   |   |   | 107,465 |   |
|                                                                                                                                                      |   |   |                           |   |   |   |                                                                |   |   |   |   |   |
| Decrease in cash and cash equivalents                                                                                                                     |   |   | (820                           | )      |   |   | (13,691                                                             | )      |   |   | (1,566 | ) |
|                                                                                                                                                      |   |   |                           |   |   |   |                                                                |   |   |   |   |   |
| Effects of exchange rate changes on the  balance of cash held in foreign currencies                                                             |   |   | 820                            |   |   |   | 25,573                                                              |   |   |   | 1,566 |   |
|                                                                                                                                                      |   |   |                           |   |   |   |                                                                |   |   |   |   |   |
| Cash and cash equivalents,  beginning of period                                                                                                 |   |   | --                             |   |   |   | 45,563                                                              |   |   |   | -- |   |
|                                                                                                                                                      |   |   |                           |   |   |   |                                                                |   |   |   |   |   |
| Cash and cash equivalents,  end of period                                                                                                       |   | $      | --                             |   |   | $      | 57,445                                                              |   |   | $ | -- |   |
| Supplementary schedule of  cash flow activities:                                                                                                |   |   |                           |   |   |   |                                                                |   |   |   |   |   |
|    Non-cash investing and financing     activities:                                                               |   |   |                           |   |   |   |                                                                |   |   |   |   |   |
|       Issuance of common stock for payment        of consulting fees                |   | $      | --                             |   |   | $      | --                                                                  |   |   | $ | 1,900 |   |
|       Issuance of common stock for        purchase of intellectual property         |   | $      | --                             |   |   | $      | --                                                                  |   |   | $ | 4,500 |   |
|       Issuance of common stock for        purchase of subsidiary                    |   | $      | --                             |   |   | $      | --                                                                  |   |   | $ | 2,500 |   |
|       Issuance of common stock for payment        of management and consulting fees |   | $      | --                             |   |   | $      | --                                                                  |   |   | $ | 300 |   |
|       Non-cash compensation expense                                                                                         |   | $      | --                             |   |   | $      | --                                                                  |   |   | $ | 4,000 |   |

----

----

----

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

----

----

| Name of Company         |   | Principal Activity |   | Location     |   |  Proportion of Ownership Interest and Voting PowerHeld at September 30, 2008 |
|-------------------------|--------|--------------------|--------|--------------|--------|----------------------------------------------------------------------------------------|
|                    |   |               |   |         |   |                                                                                   |
| Impact Active Team Ltd. |   | Consulting         |   |  Israel |   | 100%                                                                                   |
| TPDS Ltd                |   | Medical            |   |  Israel |   |  69%                                                                              |

|                                                                                      |   |   | Computers |   |   |   | Furniture |   |   |   | Vehicles |   |   |   | Total  |   |
|-------------------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|-----------|--------|--------|--------|----------|--------|--------|--------|--------|--------|
|                                                                                      |   |   |      |   |   |   |      |   |   |   |     |   |   |   |   |   |
| Balance as of December 31, 2007                                                           |   | $      | 582       |   |   | $      | 211       |   |   | $      | 27,535   |   |   | $      | 28,328 |   |
|                                                                                      |   |   |      |   |   |   |      |   |   |   |     |   |   |   |   |   |
|   Current depreciation                                                |   |   | (263      | )      |   |   | (6        | )      |   |   | (4,381   | )      |   |   | (4,650 | )      |
|     Effect of foreign currency exchange differences    |   |   |  72  |   |   |   | 26        |   |   |   | 3,421    |   |   |   | 3,519  |   |
| Balance as of September 30, 2008 (unaudited)                                              |   | $      | 391       |   |   | $      | 231       |   |   | $      | 26,575   |   |   | $      | 27,197 |   |

| Investment in Equity-Accounted Investee at December 31, 2007              |   | $      | 1,192  |   |
|---------------------------------------------------------------------------|--------|--------|--------|--------|
|                                                                      |   |   |   |   |
| Acquisitions                                                              |   |   | 523    |   |
|                                                                      |   |   |   |   |
| Investment in Equity-Accounted Investee at September 30, 2008 (unaudited) |   | $      | 1,715  |   |

----

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

|                                            |   |   | September 30, 2008            |   |   |   | December 31, 2007 |   |
|-------------------------------------------------|--------|--------|-------------------------------|--------|--------|--------|-------------------|--------|
|                                            |   |   |   (Unaudited)  |   |   |   |              |   |
|                                            |   |   |                          |   |   |   |              |   |
| Key management personnel                        |   | $      | 857,769                       |   |   | $      | 472,650           |   |
| Equity-Accounted Investee                       |   |   | 1,715                         |   |   |   | 1,192             |   |
| Majority Stockholder (as defined under Note 10) |   |   | 83,912                        |   |   |   | 85,581            |   |
|                                            |   | $      | 943,396                       |   |   | $      | 559,423           |   |

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

----

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

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

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

| Income tax benefit at statutory rate |   | $      | (132,452 | )      |
|--------------------------------------|--------|--------|----------|--------|
| Valuation allowance                  |   |   | 132,452  |   |
|                                 |   |   |     |   |
| 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 |

----

|                                                |   | September 30, 2008   |     |   | December 31, 2007 |   |
|-----------------------------------------------------|--------|--------------------------------|----------|--------|-------------------|--------|
|                                                |   |  (Unaudited)              |     |   |              |   |
|                                                |   |  $                        |     |   |  $           |   |
| Income statements:                                  |   |                           |     |   |              |   |
|   Compensation expenses                   |   |                           | --       |   |              |   | 2,000 |   |
|   Directors’ remuneration           |   |                           | 360,000  |   |              |   | 360,000 |   |
|                                                |   |                           |     |   |              |   |   |   |
| Balance sheets:                                     |   |                           |     |   |              |   |   |   |
|   Investment in Equity-Accounted Investee |   |                           | 1,715    |   |              |   | 1,192 |   |
|   Loan from Equity-Accounted Investee     |   |                           | (1,715   | )      |              |   | (1,192 | ) |
|   Loan from Majority Stockholder          |   |                           | (83,912  | )      |              |   | (85,581 | ) |
|   Loans from key management personnel     |   |                           | (857,769 | )      |              |   | (472,650 | ) |
|   Loan from related party                 |   |                           | 15,091   |   |              |   | -- |   |

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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 23, 2011  | By:          | /s/ Sam Shlomo Elimelech         |   |
|                                |         |  Sam Shlomo Elimelech, President |   |
|                                |         |                                  |   |
|                                |         |                                  |   |

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| 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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