This Employment Agreement (this “Agreement”), entered into the 3rd day of March, 2005, effective as of
January 1, 2005 is by and between Dynamic Materials Corporation, a Delaware corporation (the “Company”),
and John G. Banker (“Executive”).
WHEREAS, Executive has significant experience in the management of companies and is willing to serve the
Company on the terms and subject to the conditions hereinafter set forth; and
WHEREAS, the Company desires to secure the continued services of Executive subject to the terns and
conditions hereinafter set forth; and
NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and promises contained herein,
the parties agree as follows:
The Company hereby employs Executive as Vice President Marketing and Sales, Clad Metal Division of the
Company reporting to the Chief Executive Officer of the Company, and Executive hereby accepts such
employment and agrees to perform such duties and responsibilities as are assigned to him from time-to-time
by the CEO of the Company.
2. Full-time Best Efforts
Executive shall devote his full and exclusive professional time and attention to the performance of his
obligations under this Agreement, and will at all times faithfully, industriously and to the best of his ability,
experience and talent, perform all of this obligations hereunder.
3. Term of Agreement
This agreement shall be effective on January 1, 2005 (the Effective Date) and shall continue until December
31, 2007 (the “Initial Term”), unless otherwise terminated by either party pursuant to Section 5 below. Prior
to the expiration of the Initial Term, the parties hereto shall negotiate in good faith a new employment
contract. If the parties are unable to negotiate such new agreement prior to the expiration of the Initial Term,
this agreement shall automatically be extended and shall continue until terminated pursuant to Section 5 belo