Form of Proxy

PARADIGM BIOPHARMACEUTICALS LTD

Notes

BD Client Code:

Client Name:

Number of Shares Held in a BD Nominee Company:

No.	Proposition		For	Against	Abstain
1	RATIFICATION OF PRIOR ISSUE OF PLACEMENT SHARES TO OBSIDIAN GLOBAL GP, LLC
2	RATIFICATION OF PRIOR ISSUE OF TRANCHE 1 CONVERTIBLE NOTES TO OBSIDIAN GLOBAL GP, LLC
3	APPROVAL TO ISSUE TRANCHE 2 CONVERTIBLE NOTES TO OBSIDIAN GLOBAL GP, LLC
4	APPROVAL TO ISSUE TRANCHE 3 CONVERTIBLE NOTES TO OBSIDIAN GLOBAL GP, LLC
5	APPROVAL TO ISSUE OPTIONS TO LODGE CORPORATE PTY LTD