Charter of the Audit Comm. of the Board of Directors of Elbit Systems

Company Internal Document Charter of the Audit Committee of the Board of Directors of Koor Industries Ltd. As adopted on March 14, 2007 I. Purposes. A. Overview. The purposes of the Audit Committee (the “Committee”) of the Board of Directors (the “Board”) of Koor Industries Ltd. (the “Company”) are as follows 1. The Committee will oversee on behalf of the Board: (a) the integrity of the Company’s financial statements, (b) the appointment, compensation, qualifications, independence and work of the Company’s Independent Auditors (as defined below), (c) the Company’s compliance with legal and regulatory requirements applicable to the internal controls and reporting of publicly traded companies, and (d) the performance of the Company’s Internal Auditor (as defined below) and internal controls functions. 2. The Committee will evaluate potential or existing deficiencies in the administration of the Company’s business as such matters may be brought to the attention of the Committee by the Internal Auditor, the Independent Auditors or the Whistleblower process (as defined below), by consulting with the Company’s management, and make proposals to the Board regarding ways of correcting such deficiencies. 3. The Committee will resolve whether to approve acts and transactions requiring audit committee approval under applicable sections of the Israeli Companies Law - 1999 (the “Companies Law”), such as related party ...