CONFLICT MINERALS POLICY STATEMENT
In 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act became law in the United States. Section 1502 of this law relates to "conflict minerals," which are defined as gold, tantalum, tin and tungsten originating from the Conflict Area that are mined and/or traded to finance human rights violations or to fund armed groups. The Conflict Area is defined as the Democratic Republic of the Congo and its nine surrounding countries—Angola, Burundi, Central African Republic, the Republic of the Congo, Rwanda, South Sudan, Tanzania, Uganda and Zambia.
The purpose of Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act is to support the humanitarian goal of ending violent conflict, financed by the trade and exploitation of
conflict minerals in the DRC and its nine surrounding countries.
Section 1502 requires public companies, including Bolt Technology Corporation and its subsidiaries ("the Company"), to report annually to the Securities and Exchange Commission on whether the products they manufacture contain conflict minerals.
The Company commits to:
1. Support the objectives of Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
2. Refrain from knowingly purchasing gold, tantalum, tin and tungsten from mines or smelters originating from the Conflict Area that directly or indirectly finances human rights violations and/or armed groups
3. Work with suppliers to ensure that conflict minerals provided to the Company are "conflict free" meaning that such conflict minerals do not finance human rights violations and/or armed groups through trading or mining in the Conflict Area or are sourced from outside the Conflict Area.
4. If the Company discovers that gold, tantalum, tin and/or tungsten are being procured from "non
conflict free" sources, the Company will take appropriate action to transition procurement to
"conflict free" sources.