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 Richard A. Santa (“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 and Chief Financial Officer 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
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 terminated
pursuant to Section 5 below.
4. Compensation Reimbursement
During the term of this Agreement, the Company shall pay Executive an annual base salary (“Base
Salary”) of $223,500 payable in accordance with the Company’s standard payroll practices for similarly
situated employees. The Base Salary shall be adjusted annually at the discretion of the Board.
Executive shall be eligible to receive an an