SUGGESTED SHAREHOLDERS RESOLUTION FOR THE ANNUAL MEETING1. "RESOLVED: The shareholder of Nordex Explosives Ltd. formally request that the Corporation adopt a policy stating that the Corporation's shareholders will be given the opportunity at each Annual general meeting to vote on an advisory resolution to ratify the compensation of the named Executive officers set forth in the proxy statement".
2. "RESOLVED: The shareholders of Nordex Explosives Ltd. request that the executive compensation practices of the Corporation be amended st that the main quabtifiable key performance Metrics used for Short term Incentive Plan, the Long term Incentive Plan and other Named Executive Officer compensation programs be disclosed to shareholders at least annually".