EXHIBIT 10.18

# Media
Sciences International, Inc.
Audit Committee
Charter

One committee of the board
of directors will be known as the audit committee. The primary function of the
audit committee is to assist the board in fulfilling its oversight
responsibilities by reviewing the financial information that will be provided to
the shareholders and others, the systems of internal controls management and the
board of directors have established and all audit processes.

##  Composition

| | 1. | The audit committee shall consist of at least three independent directors. An independent director is
                  free of any relationship that could influence his or her judgement as a committee member.  An
                  independent director may not be associated with a major vendor to, or a customer of, the
                  company.  When there is some doubt about independence, as when a member of the committee has a
                  short-term consulting contract with a major customer, the director should recuse himself for
                  any decisions that might be influenced by that relationship.
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| | 2. | Each member of the audit committee is required to be financially literate, as determined by the
                  company's board of directors in its business judgement, or must be financially literate within a
                  reasonable period of time after his appointment to the audit committee.
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| | 3. | At least one member of the audit committee must have accounting or related financial management
                  expertise, as determined by the company's board of directors in its business judgement.
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##   General
responsibilities

| | 1. | The audit committee provides open avenues of communication among the management, the independent
                  auditors and the board of directors.
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| | 2. | The audit committee must report committee actions to the full board of directors and may make
                  appropriate recommendations.
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| | 3. | The audit committee has the power to conduct or authorize investigations into matters within the
                  committee's scope of responsibilities. The committee is authorized to retain independent
                  counsel, accountants or others it needs to assist in an investigation.
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| | 4. | The committee will meet at least two times each year, more frequently if circumstances make that
                  preferable. The audit committee chairman has the power to call a committee meeting whenever he
                  or she thinks there is a need. An audit committee member should not vote on any matter in which
                  he or she is not independent. The committee may ask members of management or others to attend
                  the meeting and is authorized to receive all pertinent information from management.
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| | 5. | The committee will do whatever else the laws, the company's charter or bylaws or the board of directors
                  require including compliance with rules and regulations of the American Stock Exchange, and the
                  Sarbanes-Oxley Act.
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## 
Responsibilities for engaging independent auditors

| | 1. | The audit committee will select the independent auditors for company audits. The audit committee also
                  will review and set any fees paid to the independent auditors and review and approve dismissal
                  of the independent auditors.
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| | 2. | The audit committee will review and have veto power over the appointment, replacement, reassignment or
                  dismissal of the Controller and/or Chief Financial Officer.
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| | 3. | The audit committee will confirm and assure the independence of the independent auditors and the fees
                  paid to them.
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| | 4. | The audit committee will consider, in consultation with the independent auditors, the annual audit scope
                  and procedural plans made by the independent auditors.
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| | 5. | The audit committee and management will collaborate if either party believes there may be a need to
                  engage additional auditors.  The audit committee will decide whether to engage an additional
                  firm and, if so, which
                  one.
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| | 6. | In order to assure the timely and efficient performance of the audit, the audit
committee will coordinate the efforts of management and the independent
auditors.
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## 
Responsibilities for reviewing the annual audit and the review of quarterly and annual financial
         statements

| | 1. | The audit committee will ascertain that the independent auditors view the board of directors as its
                  client, that it will be available to the full board of directors at least annually and that it
                  will provide the committee with a timely analysis of significant financial reporting issues.
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| | 2. | The audit committee will question management, and the independent auditors, regarding significant risks
                  and exposures and will assess management's steps to minimize them.
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| | 3. | The audit committee will review the following with the independent auditors and management:
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| | a. | The adequacy of the company's internal controls, including computerized information system controls and
                           security.
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| | b. | Any significant findings and recommendations made by the independent auditor, together with management's
                           responses to them.
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| | 4. | Shortly after the annual examination is completed, the audit committee will review the following with
                  management and the independent auditors:
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| | a. | The company's annual financial statements and related footnotes.
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| | b. | The independent audit of and report on the financial statements.
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| | c. | The auditors qualitative judgment about the appropriateness, not just the acceptability, of accounting
                           principles and financial disclosures and how aggressive (or conservative) the
                           accounting principles and underlying estimates are.
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| | d. | Any serious difficulties or disputes with management encountered during the course of the audit.
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| | e. | Anything else regarding the audit procedures or findings that Generally Accepted Auditing Standards
                           (GAAS) requires the auditors to discuss with the committee.
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| | 5. | The audit committee will consider and review with management any significant findings during the year
                  and management's responses to them.
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| | 6. | The audit committee will review the annual filings with the SEC and other published documents containing
                  the company's financial statements and will consider whether the information in the filings is
                  consistent with the information in the financial statements.
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| | 7. | The audit committee will review the interim financial reports with management, the independent auditors
                  before those interim reports are released to the public or filed with the SEC or other
                  regulators.
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| | 8. | The audit committee will prepare a letter for inclusion in the annual report that describes the
                  committee's composition and responsibilities and how the responsibilities were fulfilled.
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##  Periodic
responsibilities

| | 1. | Review and update the committee's charter annually.
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| | 2. | Review policies and procedures covering officers' expense accounts and perquisites, including their use
                  of corporate assets, and consider the results of any review of those areas by the independent
                  auditors.
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| | 3. | Review with the independent auditors, the results of their examination of compliance with the company's
                  code of conduct.
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| | 4. | Review legal and regulatory matters that may have a material effect on the organization's financial
                  statements, compliance policies and programs and reports from regulators.
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