THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Abaxis, Inc. (ABAX)

9/19/2005 Proxy Information

During the fiscal year ended March 31, 2005, there was not, nor is there any currently proposed transaction or series of similar transactions to which Abaxis was or is to be a party in which the amount involved exceeds $60,000 and in which any executive officer, director or holder of more than 5% of any class of voting securities of Abaxis and members of that personŐs immediate family had or will have a direct or indirect material interest.

We entered into indemnification agreements with each of the executive officers and directors. Such indemnification agreements require us to indemnify these individuals to the fullest extent permitted by law.