The primary objective of the Company’s executive compensation program is to help the Company to achieve its strategic business objectives and to create value for the Company’s shareholders by attracting, motivating and retaining highly qualified employees with outstanding ability. In addition, the compensation program is designed to promote teamwork, initiative and resourcefulness on the part of key employees whose performance and responsibilities directly affect Company profits. The compensation program strives to align compensation methods with shareholder interests to achieve desired results and, above all, to pay for performance.

The compensation Committee of SkyPostal Networks, Inc. (the “Company”) is charged with the following responsibilities:
1. Reviewing and recommending to the Board of Directors the annual base salary, bonus and other benefits for the senior executive officers of the Company. 2. Reviewing and commenting on new executive compensation programs that the Company proposes to adopt.
3. Periodically reviewing the results of the Company’s executive compensation and perquisite programs to ensure that such compensation is properly coordinated to yield payments and benefits that are reasonably related to executive performance.
4. Ensuring that a significant portion of executive compensation is reasonably related to the long-term interests of the shareholders.
5. Participating in the preparation of certain portions of the Company’s annual proxy statement.
6. Preparing an annual Compensation Committee Report
7. Ensures that the Company undertakes appropriate planning for management succession and advancement

The Compensation Committee will be composed of no less than three members of the Board. The members will be selected by the Board, taking into account prior experience in matters to be considered by the committee, probable availability at times required for consideration of such matters, and their individual independence and objectivity. No present or former officers or employees of the Company or any of its subsidiaries may serve on the Committee unless if, in the opinion of the Board of Directors, the former officer will exercise independent judgment and will significantly assist the committee to function. However, a majority of the Committee willbe directors who are or were not formerly officers of the Company or and of its subsidiaries.

The Committee shall meet at least three times annually, or more frequently as circumstances dictate. As part of its job to foster open communication, the Committee should meet at least annually with management to discuss any matters that the committee or each of these groups believe should be discussed privately.

Florian M. Schuhbauer-Chairman

Florian Schuhbauer holds the German professional degree of Bankkaufmann, which is a Banker Certified by the Hannover Chamber of Industry and Commerce.

Mr. Schuhbauer led the development of Deutsche Post’s international mail strategy in 2002. By 2004, he became the Global Head of Strategic Business Development and M&A and was also appointed CFO and Executive Vice President of DHL Global Mail.

Currently, he is a partner in the GeneralCapital Group, GmbH in Munich.

Jose Misrahi-Member

Jose Misrahi has an extensive background in structured financing, financial negotiations, mergers and acquisitions, cash flow management and SEC reporting. From 1992 to 2002 Mr. Misrahi served as VP Finance for the Cisneros Group, a $3 billion Venezuelan media and communications multinational group.

He is a CPA and former auditor with Deloitte & Touché. Mr. Misrahi now serves as the Chief Financial Officer of Facey Commodity Company Limited (Jamaica), a multi-national company operating in 29 countries.

Mathijs van Houweninge-Member

In the early 90’s, Mr. Houweninge started a software company called ICT who specializes in consulting and software development for the financial industry. This company was sold to Ordina by the year 2000.

He is currently a managing partner of Falcon Financial in the Netherlands which recently completed a $10 million private placement for SkyPostal. Mr. Houweninge is not only a member of the Compensation Committee for SkyPostal but he is also a board member of Cyber City, USA.