Venaxis, Inc. Non-Employee Director Compensation

Monthly Cash Retainer for Non-Employee Directors

$  1,000

Stock Option Awards

(1)

Other Compensation

(2)

(1)

Non-employee directors typically receive a stock option award upon joining the Board, that is two times the annual grant, and then typically receive annual grants, which may be pro-rated in the first year after joining the Board.  In 2013 and 2014, the annual grant was stock options to acquire 26,000 shares of common stock.  The non-executive Chair of the Board typically receives an annual grant that is 150% of the non-employee director annual grant.

(2)

Directors are reimbursed for out-of-pocket expenses.