**STATMON      TECHNOLOGIES CORP.**

**COMPENSATION      COMMITTEE CHARTER**

**COMPOSITION      OF THE COMMITTEE**

|   | · | "Independence"                as defined by the listing standards for the Nasdaq National Market                (subject to exceptions allowable under such                rules); |
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|   | · | "outside                director" as defined for the purposes of Section 162(m) of the Internal                Revenue Code of 1986, as amended; and |
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|   | · | "Non-employee                director" as defined under Rule 16b-3 under the Securities Exchange                Ace of                1934, as amended. |
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**RESOURCES      FOR THE COMMITTEE**

**ESTABLISHMENT      OF COMPENSATION PHILOSOPHY**

|   | · | Review                annually and approve compensation policy, structure and objectives                for all                employees generally; |
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|   | · | Approve                any significant deviations from compensation policy, structure and                objectives for all employees from those last presented to the Committee;                and |
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|   | · | The                Committee shall articulate and report on the Company's compensation                philosophy as required by SEC proxy                rules. |
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**APPROVAL      OF EXECUTIVE OFFICER COMPENSATION AND TERMS OF EMPLOYMENT**

|   | · | Review                and approve all compensation to executive officers of the Company                (as                defined below). Executive officer compensation subject to Committee                approval shall include the annual salary level, short-term and long-term                incentive compensation and equity grants, but may exclude compensation                or                benefits generally available to the Company's employees. In this                connection, the committee's responsibility expressly includes review                and                approval of: |
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|   | · | the                structure of short-term incentive (bonus) compensation plans in which                executive officers participate; |
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|   | · | the                establishment and achievement of annual or other periodic objectives                for                such plans; |
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|   | · | benefits                and perquisites available to executive officers, but not available                to all                employees; and |
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|   | · | all                other compensation of executive officers, whether or not under any                established plan. |
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|   | · | Compensation                of the executive officers will be determined by the Committee meeting                in                executive session. The Chief Executive Officer may be present (but                not                vote) during the Committee's deliberations regarding executive officer                compensation, except in the case of deliberations regarding the                compensation of the Chief Executive Officer; |
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|   | · | Evaluate                the need for, and provision of, employment contracts/severance                arrangements for executive                officers; |
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|   | · | Evaluate                and approve the structure of any cash incentive plan in which executive                officers participate, including the funding of the plan and the                appropriateness of quantitative and qualitative measures for pay-outs                under such incentive plans; |
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|   | · | Ensure                that an annual review of executive officer performance and succession                planning is presented to the Board;                and |
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|   | · | For                the purpose of this charter, "executive officer" shall have same                meaning                as "officer" as the term is defined in Section 16 of the Securities                Exchange Act of 1934, as amended, and Rule 16a-1                thereunder. |
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**EQUITY      PLAN ADMINISTRATION**

|   | · | Recommend                to the Board of Directors for approval the initial design and subsequent                amendments of any equity plans, including the Company's stock option                plans, the employee stock purchase plan, other option or restricted                stock                plans and any other equity compensation programs that may be adopted                from                time to time (collectively "Equity                Plans"); |
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|   | · | Provide                interpretations of the provisions of the Equity Plans as                needed; |
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|   | · | To                the extent the Equity Plans authorize the Board or the Committee                to                exercise discretion in the implementation of the Equity Plans, to                do                so; |
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|   | · | Approve                any delegation to management of authority to approve annual, bonus                grant                and new hire stock-based grants under Equity Plans; |
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|   | · | Manage                the number of shares reserved for issuance under the Equity Plans                and the                actual granting of awards thereunder in light of the need to offer                competitive compensation to employees and still serve the interests                of                shareholders; and |
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|   | · | Oversee                action required or deemed desirable to be taken with regard to                compensation and benefit plans in any major corporate                restructuring. |
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**COMMITTEE      CHARTER**

|   | · | Review                and reassess the adequacy of this Charter annually and recommend                any                proposed changes to the Board for                approval. |
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**ANNUAL      SELF-EVALUATION**

|   | · | In                coordination with the Board, to engage in an annual self-evaluation                and                performance appraisal of the                Committee. |
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