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**TEKNOWLEDGE        CORPORATION CODE OF ETHICS FOR EXECUTIVES, OFFICERS, AND MANAGERS**

***I.        Introduction and Purpose***

***II.        Application***

|   | · | Our                  principal executive officer |
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|   | · | Our                  principal financial officer |
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|   | · | Our                  controller |
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|   | · | Other                  officers |
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|   | · | Our                  managers |
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***III.        Ethical Conduct***

|   | · | Act                  honestly and ethically |
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|   | · | Avoid                  and ethically address actual or apparent conflicts of interest                  between                  personal and professional relationships, including disclosure of                  any                  transaction or relationship that reasonably could be expected to                  give rise                  to a conflict of interest to our Audit Committee |
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|   | · | Enable                  full, fair, accurate, timely, and understandable disclosure in                  our public                  communications, by providing the Company’s financial executives with                  accurate information for reports and documents that we file with,                  or                  submit to, the SEC |
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|   | · | Respect                  the Company information and stock trading windows set by the Company                  and                  the SEC |
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|   | · | Comply                  with applicable governmental laws, rules and regulations |
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|   | · | Avoid                  engaging in activities that interfere with his or her loyalty to                  the                  Company or his or her ability to perform Company duties or                  responsibilities effectively; |
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|   | · | Avoid                  engaging in any activity (whether as an employee, a director or                  a                  consultant) not on behalf of the Company for a competitor, customer                  or                  supplier, unless this relationship has been fully disclosed and                  received                  prior approval by the CEO, or in the case of the CEO, the Board                  of                  Directors. |
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|   | · | Avoid                  a financial interest in a customer, supplier, or competitor which                  is                  significant enough to cause divided loyalty with the Company or                  the                  appearance of divided loyalty (the significance of a financial                  interest                  depends on many factors, such as size of investment in relation                  to the                  manager’s income, net worth and/or financial needs, the potential to                  influence decisions that could impact the manager’s interests, and the                  nature of the business or level of competition between the Company                  and the                  supplier, customer or competitor). |
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|   | · | Avoid                  divulging or using the Company’s confidential information - such as                  financial data, customer information, or computer programs - for                  the                  personal benefit of the manager or a member of his or her                  family. |
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|   | · | Avoid                  making gifts or payments, or providing special favors, to customers,                  suppliers or competitors (or their immediate family members) with                  a value                  significant enough to cause the customer, supplier or competitor                  to make a                  purchase, or take or forego other action, which is beneficial to                  the                  Company and which the customer, supplier or competitor would not                  otherwise                  have taken. Note that gifts over $500 are explicitly                  discouraged. |
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|   | · | Avoid                  receiving material gifts, cash, or other financial benefits in                  return for                  promoting the services of a consultant, or advisor, such as an                  investment                  banker, to the Company. |
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|   | · | Report                  promptly any conduct that the Manager believes to be a violation                  of the                  Code to the Company’s Corporate Counsel, as a representative of our Audit                  Committee. It is against our policy to retaliate in any way against                  a                  Manager for good faith reporting of violations by others of this                  Code. |
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***IV.        Accountability***

***V.        Waiver and Amendment***

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