Document:

Filed by sedaredgar.com - Nord Resources Corporation - Exhibit 10.1

THIS AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT
(the “Agreement”), is made and entered into as of the 9th day of September, 2008
by and between NORD RESOURCES CORPORATION, a Delaware corporation (the
“Company”), and JOHN T. PERRY, an adult individual residing in the county
of Pima, State of Arizona (the “Executive”).

W I T N E S S E T H:

WHEREAS:

(A) The Executive has been serving as the Chief Executive
Officer and President of the Company since April 23, 2007, and has previously
served as the Senior Vice President and Chief Financial Officer of the Company
between April 1, 2005 and April 23, 2007, and as the Secretary and Treasurer of
the Company between September 12, 2005 and January 8, 2008, all pursuant to an
Executive Employment Agreement dated as of April 18, 2005, as amended by an
amending agreement dated as of October 18, 2006; and

(B) The Company and Executive desire to enter into this
Agreement memorializing the terms of the Executive’s continued employment with
the Company in the various capacities in which he is currently serving.

NOW THEREFORE, in consideration of the premises and the
mutual promises and agreements herein contained, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties, intending to be legally bound, hereby agree as follows:

1. DEFINITIONS

1.1 Unless otherwise defined herein, the following terms shall
have the meanings indicated below:

(a) “Accrued Obligations” shall mean
(i) all accrued but unpaid Base Salary through the date of termination of
Executive’s employment, (ii) any unpaid bonus in respect of any completed fiscal
year which has been declared by the Board prior to the date of termination of
Executive’s employment, and (iii) any unpaid or unreimbursed permitted expenses
incurred in accordance with section 6 below.

(b) “Affiliate” shall mean any
corporation which controls, is controlled by or is under common control with,
the Company.

(c) “Base Salary” shall mean the salary
provided for in section 4.1(a) below including, without limitation, any
increased salary granted to Executive pursuant to section 4.1(a) below.

(d) “Board” shall mean the Board of
Directors of the Company.

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(e) “Cause” shall mean (i) Executive’s
failure (except where due to a Disability), neglect or refusal to perform his
duties hereunder for a period of forty-five (45) consecutive days, or ninety
(90) days within a single twelve-month period; (ii) any wilful or intentional
act of Executive that has the effect of injuring the reputation or business of
the Company or any Affiliate in any material respect; (iii) any determination or
finding by the Board of consistent drunkenness by Executive, or his illegal use
of narcotics, which is or could reasonably be expected to become, materially
injurious to the reputation or business of the Company or any Affiliate, or
which impairs, or could reasonably be expected to impair, his judgment or the
performance of Executive’s duties hereunder; (iv) a conviction of, or plea of
guilty or nolo contendere to, the commission of a felony by Executive; (v) the
commission by Executive of any act of fraud or embezzlement against the Company
or any Affiliate; or (vi) Executive’s breach of any material provision of this
Agreement and/or the Confidentiality Agreement.

(f) “Change in Control” shall be deemed
to have occurred if:

(i) any “person,” as such term is used
in sections 13(d) and 14(d) of the Exchange Act (other than the Company, any
trustee or other fiduciary holding securities under an employee benefit plan of
the Company, or any corporation owned directly or indirectly by the shareholders
of the Company in substantially the same proportion as the ownership of stock of
the Company) is or becomes the “beneficial owner” (as defined in Rule 13d-3
under the Exchange Act), directly or indirectly, of securities of the Company
representing more than 50% of the combined voting power of the Company’s then
outstanding securities; or

(ii) individuals constituting the
Incumbent Board cease for any reason to constitute at least a majority of the
Board; or 

(iii) a merger or consolidation of the
Company with any other corporation occurs, other than (I) a merger or
consolidation which would result in the voting securities of the Company
outstanding immediately prior thereto continuing to represent (either by
remaining outstanding or by being converted into voting securities of the
surviving entity) more than 50% of the combined voting power of the voting
securities of the Company or such surviving entity outstanding immediately after
such merger or consolidation or (II) a merger or consolidation effected to
implement a recapitalization of the Company (or similar transaction) in which no
“person” (as hereinabove defined) acquires more than 50% of the combined voting
power of the Company’s then outstanding securities; or

(iv) the consummation of the sale or
disposition by the Company of all or substantially all of the Company’s assets;
or

(v) the shareholders of the Company
approve a plan of complete liquidation of the Company.

(g) “COBRA” shall mean the United
States Consolidated Omnibus Budget Reconciliation Act of 1985, as
amended.

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(h) “Commencement Date” shall mean
April 23, 2007.

(i) “Compensation Committee” shall mean
the Compensation Committee of the Board, such other committee of the Board as
may be duly appointed by the Board to undertake the activities of the
Compensation Committee contemplated by this Agreement, or otherwise the
Board.

(j) “Confidentiality Agreement” shall
mean that certain Confidentiality, Noncompetition and Nonsolicitation Agreement
between the parties dated April 2005.

(k) “Disability” shall mean any
physical or mental disability or infirmity that prevents the performance of
Executive’s duties for a period of (i) ninety (90) consecutive days or (ii) one
hundred twenty (120) non-consecutive days during any twelve (12) month period.
Such Disability will entitle the Company to terminate Executive’s employment
immediately by written notice. Any question as to the existence, extent or
potentiality of Executive’s Disability upon which Executive and the Company
cannot agree shall be determined by a qualified, independent physician selected
by the Company and approved by Executive (which approval shall not be
unreasonably withheld). The determination of any such physician shall be final
and conclusive for all purposes of this Agreement.

(l) “Exchange Act” shall mean the
United States Securities Exchange Act of 1934, as amended.

(m) “Good Reason” shall mean, without
Executive’s written consent (which may be given or withheld in his sole
discretion (i) a material breach of this Agreement by the Company which is not
cured within sixty (60) days of the date of notice to the Company (as described
herein); (ii) if the Company (A) requires Executive to relocate his office to a
location outside of Pima County, Arizona and more than 25 miles from Pima
County, Arizona; or (B) reassigns Executive to a position of lesser rank, or
status or reduces or materially changes Executive’s responsibilities to the
Company, or requires that Executive report to or take direction from anyone
other than the Board of Directors of Company; or (iii) any reduction in the Base
Salary, any cash bonus or equity-based. compensation plan previously adopted,
implemented or in effect at the Company; and any reduction in the employee
benefits enjoyed by Executive, to the extent such reduction in benefits is not
borne equally by all employees who enjoy such benefits at the time or
thereafter.

(n) “Incumbent Board” shall means the
presiding Board of Directors of the Company as constituted as of the date of
this Agreement; provided that any person becoming a director subsequent to the
date hereof whose election, or nomination for election by the Company’s
shareholders, was approved by a vote of at least a majority of the directors
then comprising the then Incumbent Board (other than an election or nomination
of an individual whose initial assumption of office is in connection with an
actual or threatened election contest relating to the election of the directors
of the Company, as such terms are used in Rule 14a-11 of Regulation 14A under
the Exchange Act) shall be, for purposes of this Agreement, considered as though
such person were a member of the Incumbent Board.

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(o) “Severance Term” shall have the
meaning specified in section 7.4(b) below.

(p) “Term of Employment” shall mean the
period specified in section 2 below.

2. Acceptance and Term of Employment

2.1 The Company agrees to employ Executive, and Executive
agrees to serve the Company, on the terms and conditions set forth herein.
Unless sooner terminated as provided in section 7 hereof, the Term of Employment
shall continue for the period ending one day prior to the second (2nd)
anniversary of the Commencement Date. Subject to section 7 hereof, the Term of
Employment shall be extended automatically, without further action by either
party, for successive periods of one additional year, on the second (2nd)
anniversary of the Commencement Date and on each succeeding anniversary date
thereafter unless, not later than ninety (90) days prior to the end of the Term
of Employment (including any prior extension thereof), either the Company or
Executive shall have notified the other in writing of his or its intention not
to renew this Agreement. Upon notice of non-extension, Executive’s employment
hereunder shall terminate at the close of business on the last day of the Term
of Employment.

3. Position, Duties and Responsibilities, Place of
Performance

3.1 During the Term of Employment, Executive shall be employed
and serve as the President and Chief Executive Officer. The Executive shall have
such duties as are typically associated with such titles. During the Term of
Employment, Executive shall report directly to the Board of Directors.

3.2 Executive’s duties shall be comprised of such matters as
are customarily performed by someone serving in his position for a
publicly-traded holding including such matters as may be reasonably directed by
the Board of the Company from time to time during the Term of Employment.

3.3 Executive shall devote his full business time, attention,
skill and best efforts to the performance of his duties under this Agreement and
shall not engage in any other business or occupation during the Term of
Employment (provided, however, that it is anticipated that Executive may enter
into individual agreements with companies affiliated with the Company with the
Company’s consent). Notwithstanding the foregoing, nothing herein shall preclude
Executive from (i) serving, as a member of the board of directors or advisory
boards (or their equivalents in the case of a non-corporate entity) of
non-competing businesses and charitable organizations, (ii) engaging in
charitable activities and community affairs, and (iii) managing his personal
investments and affairs; provided, however, that the activities set out in
clauses (i), (ii) and (iii) above shall be limited by Executive so as not
materially to interfere, individually or in the aggregate, with the performance
of his duties and responsibilities hereunder, or to compete, directly or
indirectly with the business of the Company or any Affiliate.

3.4 Executive’s principal place of employment shall be in
Tucson, Arizona, although Executive understands and agrees that he will be
required to travel from time to time for business reasons, or such other
business locations as may be established by the Company from time to time during
the Term of Employment). 

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4. Compensation

4.1 During the Term of Employment, Executive shall be entitled
to the following compensation:

(a) Base Salary. Executive shall
be paid an annualized Base Salary, payable in accordance with the regular
payroll practices of the Company, of Two Hundred Thousand Dollars ($200,000).
The Compensation Committee shall review Executive’s Base Salary at least
annually to determine increases, but in no event decreases, in such Base Salary.
Any increases in the Executive’s Base Salary shall be at the discretion of the
Compensation Committee, and may be approved by the Compensation Comittee from
time to time during the Term of Employment.

(b) Bonuses. From time to time
during the Term of Employment, the Compensation Committee in its sole discretion
may, but shall not be obligated to, award financial bonuses to Executive to
reward exemplary service on behalf of the Company. Any such award shall be
declared by resolution of the Compensation Committee, which shall set the
amount, timing and manner of payment of any such bonuses.

(c) Incentive Plans. The
Executive is entitled to participate in the Company’s 2006 Stock Incentive Plan,
the Company’s Performance Incentive Plan, and such other plans that may from
time to time be adopted by the Company during the Term of Employment to
compensate or provide incentives to qualifying senior executives of the Company.

5. Employee Benefits

5.1 During the Term of Employment, Executive shall be entitled
to participate in all health, insurance, disability insurance, retirement and
other benefits provided to other senior executives of the Company pursuant to
Board authorization. Executive shall also be entitled to the same number of
holidays, vacation, sick days and other benefits as are generally allowed to
senior executives of the Company in accordance with Company policies in effect
from time to time.

6. Reimbursement of Business Expenses

6.1 Executive is authorized to incur reasonable expenses in
carrying out his duties and responsibilities under this Agreement and the
Company shall promptly reimburse him for all business expenses incurred in
connection with carrying out the business of the Company, subject to
documentation in accordance with the Company’s policies as then in effect.
Unless otherwise agreed in advance by the Company, all domestic travel less than
three hours in duration for Company business shall be done at coach rates.
Domestic travel three hours or more in duration and international travel may, at
the Executive’s discretion, be at business or first class rates, whichever class
is available.

7. Termination of Employment

7.1 General. The Term of Employment shall terminate
earlier than as provided in section 2 hereof upon the earliest to occur of: (i)
a termination of Executive’s employment due to 

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Executive’s death, (ii) a termination of Executive’s employment
by reason of a Disability, (iii) a termination by the Company with or without
Cause, or (iv) a termination by Executive with or without Good Reason. In the
event of termination of Executive’s employment for any reason, at the Company’s
request, the Executive shall resign from the Board of Directors of the Company
to the extent he is then serving on it.

7.2 Termination Due to Death or Disability. In the event
Executive’s employment is terminated due to his death or Disability, Executive,
his estate or his beneficiaries, as the case may be, shall be entitled to the
Accrued Obligations, if any.

7.3 Termination by the Company for Cause. A termination
for Cause shall not take effect unless the provisions of this subsection are
complied with. Executive shall be given not less than fifteen (15) days written
notice by the Board of the intention to terminate him for Cause, such notice to
state in reasonable detail the particular act or acts or failure or failures to
act that constitute the grounds on which the proposed termination for Cause is
based. Executive shall have fifteen (15) days after the date that such written
notice has been given to Executive in which to cure such conduct, to the extent
such cure is possible. If he fails to cure such conduct, the termination shall
be effective on the date immediately following the expiration of the ten (10)
day notice period. If no such cure is reasonably possible by Executive (i.e., in
the case of a breach of the Confidentiality Agreement), then such termination
shall be effective immediately upon the receipt of notice by the Executive.

In the event the Company terminates Executive’s employment for
Cause, he shall be entitled only to the Accrued Obligations, and the Company
shall have no further liability to the Executive hereunder.

7.4 Termination by the Company Without Cause. The
Company may terminate Executive’s employment without Cause, effective upon
Executive’s receipt of written notice of such termination. In the event
Executive’s employment is terminated by the Company without Cause (other than
due to death or Disability), Executive shall be entitled to:

(a) the Accrued Obligations, if
any;

(b) continuation of Base Salary for the
greater of: (i) the remainder of the Term of Employment (assuming (A) no
termination of Executive’s employment had occurred, and (B) no additional
renewal of the Term of Employment occurs following the date of termination), and
(ii) twelve (12) months (the “Severance Term”), payable in accordance with the
Company’s then-existing payroll practices;

(c) should Executive be eligible for
and elect to continue his health insurance pursuant to the COBRA following the
date of such termination, payment of COBRA premiums until the earlier of: (i)
expiration of the Severance Term, or (ii) the date Executive commences
employment with any person or entity and, thus, is eligible for health insurance
benefits at least as favourable as those provided by the Company; and

(d) immediate vesting and/or issuance
of all unvested stock options, rights, grants or other equity.

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7.5 Termination by Executive for Good Reason. Executive
may terminate his employment for Good Reason by providing the Company thirty
(30) days’ written notice, setting forth in reasonable specificity the event(s)
constituting Good Reason, within sixty (60) days of the occurrence of such
event. During such thirty (30) day notice period, the Company shall have a cure
right (if curable), and if not cured within such period, Executive’s termination
will be effective upon the expiration of such cure period (and, if not curable,
then Executive’s termination shall be effective as of the date of the Company’s
receipt of his notice therefore), and Executive shall be entitled to the same
payments and benefits as provided in section 7.3 above for a termination without
Cause.

7.6 Termination by Executive Without Good Reason.
Executive may terminate his employment without Good Reason by providing the
Company thirty (30) days’ written notice in advance of such termination. In the
event of a termination of employment by Executive under this section 7.6,
Executive shall have the same entitlements as are provided in section 7.3 above
for a termination by the Company for Cause. In the event of termination of
Executive’s employment under this subsection, the Company may, in its sole and
absolute discretion, at any time after notice of termination has been given by
Executive, terminate this Agreement, provided that the Company shall continue to
pay to Executive his then current Base Salary and continue benefits provided
pursuant to section 5 for the duration of the unexpired notice period.

7.7 Termination Following a Change in Control. If at
anytime following a Change in Control the Company shall elect to terminate
Executive’s employment for any reason other than those specified in sections 7.2
or 7.3, it shall provide written notice of such termination to the Executive.
The Executive may also terminate his employment with the Company following a
Change in Control by delivering written notice to the Company within sixty (60)
days following the occurrence of such Change in Control. In either case, but
subject to the execution and delivery by Executive and the Company of a mutual
and general release of claims, the Company shall provide to Executive the
following:

(a) the Accrued Obligations, payable in
a lump sum within 60 (sixty) days following termination of employment;

(b) an amount equal to three times his
Base Salary, payable in a lump sum within 60 days following termination of
employment;

(c) if the Executive elects
continuation of coverage of medical and dental benefits under the COBRA, the
Company will pay 100% such premiums for the first 18 months of coverage; and

(d) payment of premiums necessary for
continuation of any Supplemental Disability Policy or, at the election of the
Company, a lump sum amount equal to the aggregate premiums to be paid thereon,
in either case for a period of 18 months following the effective date of
termination; and

(e) immediate vesting and/or issuance
of all unvested stock options, grants, rights or other equity.

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Other than payment of such amounts and vesting of stock
options, grants, rights or other equity, the Company shall have no further
obligations under this Agreement.

7.8 No Duty to Mitigate Losses. Executive shall have no
duty to find new employment following the termination of his employment under
circumstances which require the Company to pay any amount to executive pursuant
to this section 7. Any salary or remuneration received by Executive from a third
party for the providing of personal services (whether by employment or by
functioning as an independent contractor) following the termination of his
employment with the Company shall not reduce the Company’s obligation to make a
payment to Executive (or the amount of such payment) pursuant to the terms of
said section 7, other than as specifically set forth in section 7.4(c)with
respect to health insurance.

7.9 Expiration of the Term of Employment.
Notwithstanding anything herein to the contrary, in no event shall any
termination by reason of expiration of the Term of Employment pursuant to
section 2 hereof constitute a termination without Cause hereunder and, upon such
expiration, Executive shall have the same entitlements as are provided in
section 7.3 above for a termination by the Company for Cause. Notwithstanding
the foregoing, in no event shall a notice of nonrenewal of the Term of
Employment by Executive pursuant to section 2 hereof in and of itself constitute
Cause.

7.10 Release. Notwithstanding any provision herein to
the contrary, the Company may require, prior to payment of any amount or
provision of any benefit pursuant to sections 7.4 or 7.5 or 7.7 of this
Agreement, that Executive execute a complete and mutual release of the Company
and its affiliates and related parties in such form as is reasonably required by
the Company, and any waiting periods contained in such release shall have
expired.

8. Confidentiality Agreement; Assignment of Intellectual
Property Rights

8.1 As a condition to his continued employment pursuant to this
Agreement, Executive hereby represents and warrants to the Company that he will
comply with all obligations under the Confidentiality Agreement and further
agrees that the provisions of the Confidentiality Agreement shall survive any
termination of this Agreement or of Executive’s employment or subsequent service
relationship with the Company, if any.

8.2 Executive agrees that during the Employment Term he will
promptly disclose, in writing, all information, ideas, concepts, improvements,
discoveries and inventions, whether patentable or not, and whether or not
reduced to practice, which are conceived, developed, made or acquired by the
Company, either individually, or jointly with others, and which relate to the
business, products or services of the Company, or any of its subsidiaries or
affiliates, irrespective of whether such information, idea, concept,
improvement, discovery or invention was conceived, developed, discovered or
acquired by Executive on the job, or elsewhere (collectively, the “Inventions”).
The Company and Executive have agreed as follows regarding the Inventions:

(a) All Inventions are, and shall be,
the property of the Company. In this context, all drawings, memoranda, notes,
records, files, correspondence, manuals, models, specifications, computer
programs, maps and all other writings, or materials of any time 

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embodying any such Inventions are and
shall be the sole and exclusive property of the Company.

(b) Executive hereby specifically
sells, assigns and transfers to the Company all of his worldwide right, title
and interest in and to all such Inventions, and any United States or foreign
applications for patents, inventor's certificates or other industrial rights
that may be filed thereon, including divisions, continuations,
continuations-in-part, reissues and/or extensions thereof, and applications for
registration of any names and marks included therewith. Both during the
Employment Term and thereafter, Executive shall assist the Company and its
nominees at all times in the protection of such Inventions, both in the United
States and all foreign countries, including but not limited to, the execution of
all lawful oaths and all assignment documents, not inconsistent with this
Agreement, requested by the Company, or its nominee in connection with the
preparation, prosecution, issuance or enforcement of any applications for United
States or foreign letters patent, including divisions, continuations,
continuations-in-part, reissue, and/or extensions thereof, and any application
for the registration of names and marks included therewith.

(c) Moreover, if during the Employment
Term, Executive creates any original work of authorship which is the subject
matter of copyright relating to the Company's business, products, or services,
whether such work is created solely by Executive or jointly with others, the
Company shall be deemed the author of such work if the work is prepared by
Executive in the scope of his employment; or, if the work is not prepared by
Executive within the scope of his employment, but is specifically ordered by the
Company as a contribution to a collective work, as a part of a motion picture or
other audiovisual work, as a translation, as a supplementary work, as a
compilation or as an instructional text, then the work shall be considered to be
a work made for hire and the Company shall be the author of the work. In the
event such work is neither prepared by the Executive within the scope of his
employment or is not a work specially ordered and deemed to be a work made for
hire, then Executive hereby agrees to assign, and by these presents, does
assign, to the Company an undivided one-half interest in and to all of
Executive's worldwide right, title and interest in and to the work and all
rights or copyright therein, including but not limited to, the execution of all
formal assignment documents requested by the Company or its nominee, not
inconsistent with this Agreement, and the execution of all lawful oaths and
applications for registration of copyright in the United States and foreign
countries.

9. Representations, Warranties and Covenants of
Executive

9.1 Executive represents and covenants to the Company as
follows:

(a) Executive is entering into this
Agreement voluntarily and that his employment hereunder and compliance with the
terms and conditions hereof will not conflict with or result in the breach by
him of any agreement or understanding to which he is a party or by which he may
be bound;

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(b) he has not, and in connection with
his employment with the Company will not, violate any non-solicitation or other
similar covenant or agreement by which he is or may be bound; and 

(c) he has not, and in connection with
his employment with the Company he will not use any confidential or proprietary
information he may have obtained in connection with his employment by any prior
employer.

10. Taxes

10.1 The Company may withhold from any payments made under this
Agreement all applicable taxes, including but not limited to income, employment
and social insurance taxes, as required by law.

11. Excise Taxes – Modified Cap

11.1 Anything in this Agreement notwithstanding, if any payment
or benefit to which Executive is entitled to from the Company (the “Payments”,
which will include the vesting of stock awards or other benefit or property) is
more likely than not to be subject to the tax imposed by section 4999 of the
Internal Revenue Code of 1986, as amended (or any successor provision to that
section), the Payments shall be reduced to the extent required to avoid
application of such tax if (and only if) such reduction will increase the amount
that the Executive would retain after payment of the excise tax and applicable
income taxes. The Executive will be entitled to select the order in which
Payments are to be reduced in accordance with the preceding sentence.
Determination of whether Payments would result in the application of the tax
imposed under section 4999, and the amount of reduction that is necessary so
that no such tax is applied, shall be made, at the Company's expense, by the
independent accounting firm employed by the Company immediately prior to the
occurrence of any change in control of the Company which will result in the
imposition of such tax.

12. Successors and Assigns; No Third-Party
Beneficiaries

12.1 This Agreement shall inure to the benefit of and be
enforceable by, and may be assigned by the Company to, any purchaser of all or
substantially all of the Company’s business or assets, any successor to the
Company or any assignee thereof (whether direct or indirect, by purchase,
merger, consolidation or otherwise). The Company will require any such
purchaser, successor or assignee to expressly assume and agree to perform this
Agreement in the same manner and to the same extent that the Company would be
required to perform it if no such purchase, succession or assignment had taken
place.

12.2 Executive’s rights and obligations under this Agreement
shall not be transferable by Executive by assignment or otherwise, without the
prior written consent of the Company; provided, however, that if Executive shall
die, all amounts then payable to Executive hereunder shall be paid in accordance
with the terms of this Agreement to Executive’s devisee, legatee or other
designee or, if there be no such designee, to Executive’s estate.

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13. Waiver and Amendments

13.1 Any waiver, alteration, amendment or modification of any
of the terms of this Agreement shall be valid only if made in writing and signed
by the parties hereto; provided, however, that any such waiver, alteration,
amendment or modification is consented to on the Company’s behalf by the Board.
No waiver by either of the parties hereto of their rights hereunder shall be
deemed to constitute a waiver with respect to any subsequent occurrences or
transactions hereunder unless such waiver specifically states that it is to be
construed as a continuing waiver.

14. Severability

14.1 If any covenants or such other provisions of this
Agreement are found to be invalid or unenforceable by a final determination of a
court of competent jurisdiction (a) the remaining terms and provisions hereof
shall be unimpaired and (b) the invalid or unenforceable term or provision
hereof shall be deemed replaced by a term or provision that is valid and
enforceable and that comes closest to expressing the intention of the invalid or
unenforceable term or provision hereof.

15. Governing Law; Venue

15.1 This Agreement shall be governed by and construed in
accordance with the internal laws of the State of Arizona applicable to the
performance and enforcement of contracts made wholly within the state, without
giving effect to the law of conflicts of laws applied thereby. In the event that
any dispute shall occur between the parties arising out of or resulting from the
construction, interpretation, enforcement or any other aspect of this Agreement,
the parties hereby agree to accept the exclusive jurisdiction of the Courts of
the State of Arizona. In the event that either party shall be forced to bring
any legal action to protect or defend its rights hereunder, then the prevailing
party in such proceeding shall be entitled to reimbursement from the
non-prevailing party of all fees, costs and other expenses (including, without
limitation, the reasonable expenses of its attorneys) in bringing or defending
against such action.

16. Notices

16.1 Every notice or other communication relating to this
Agreement shall be in writing, and shall be mailed to or delivered to the party
for whom it is intended at such address as may from time to time be designated
by it in a notice mailed or delivered to the other party as herein provided,
provided that, unless and until some other address be so designated, all notices
or communications by Executive to the Company shall be mailed or delivered to
the Company at its principal executive office, and all notices or communications
by the Company to Executive may be given to Executive personally or may be
mailed to Executive at Executive’s last known address, as reflected in the
Company’s records.

16.2 Any notice so addressed shall be deemed to be given: (i)
if delivered by hand or sent by facsimile or e-mail (and subject to an
electronic receipt or other proof of transmission thereof, on the date of such
delivery or transmission; (ii) if mailed by courier or by overnight mail, on the
first business day following the date of such mailing; and (iii) if mailed by
registered or certified mail, on the third business day after the date of such
mailing.

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17. Section Headings

17.1 The headings of the sections and subsections of this
Agreement are inserted for convenience only and shall not be deemed to
constitute a part thereof, affect the meaning or interpretation of this
Agreement or of any term or provision hereof.

18. Entire Agreement

18.1 This Agreement, together with any exhibits attached
hereto, constitutes the entire understanding and agreement of the parties hereto
regarding the employment of Executive. This Agreement supersedes all prior
negotiations, discussions, correspondence, communications, understandings and
agreements between the parties relating to the subject matter of this
Agreement.

19. Survival of Operative Sections

19.1 Upon any termination of Executive’s employment, the
provisions of sections 7 through 19 of this Agreement shall survive to the
extent necessary to give effect to the provisions thereof.

20. Counterparts; Facsimiles

20.1 This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument. Facsimiles containing
original signatures shall be deemed for all purposes to be originally-signed
copies of the documents which are the subject of such facsimiles.

IN WITNESS WHEREOF, the undersigned have executed this
Agreement as of the date and year first above written.

	 	THE COMPANY:
      
	 	 
	 	NORD RESOURCES
      CORPORATION 
	 	 	 
	 	By:	/s/ Wayne Morrison
	 	Name: 	Wayne Morrison
	 	Title:	CFO 
	 	 	 
	 	 	 
	 	THE EXECUTIVE:
      
	 	 	  
	 	By: 	/s/
      John Perry
	 	Name:	John PerryFiled by sedaredgar.com - Nord Resources Corporation - Exhibit10.2

EXECUTIVE EMPLOYMENT AGREEMENT

     THIS EXECUTIVE EMPLOYMENT
AGREEMENT (the “Agreement”), is made the 9th day of September, 2008 by
and between NORD RESOURCES CORPORATION, a Delaware corporation (the
“Company”) and WAYNE MORRISON (the “Executive”).

W I T N E S S E T H

     WHEREAS, the Executive has agreed
to serve as the Vice President and Chief Financial Officer of the Company with
effect from January 8, 2008 pursuant to a letter agreement dated December 3,
2007, and the parties hereto desire to enter into this Agreement memorializing
the terms of such employment, in each case subject to the terms and conditions
set forth herein.

     NOW, THEREFORE, in consideration
of the premises and the mutual promises and agreements herein contained, and for
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties, intending to be legally bound, hereby agree as
follows:

	Section 1. 	Definitions.

Unless otherwise defined herein, the
following terms shall have the meanings indicated below:

	 	(a) 	
      “Accrued Obligations” shall mean (i) all accrued
      but unpaid Base Salary through the date of termination of Executive's
      employment, (ii) any unpaid bonus in respect of any completed fiscal year
      which has been declared by the Board prior to the date of termination of
      Executive's employment, or (iii) any unpaid or unreimbursed permitted
      expenses incurred in accordance with Section 6, below.

	 	 	 
	 	(b) 	
      “Affiliate” means any corporation which controls,
      is controlled by or is under common control with, the Company.

	 	 	 
	 	(c) 	
      “Base Salary” shall mean the salary provided for
      in Section 4(a) below including, without limitation, any increased salary
      granted to Executive pursuant to Section 4(a) below.

	 	 	 
	 	(d) 	
      “Board” shall mean the Board of Directors of the
      Company.

	 	 	 
	 	(e) 	
      “Cause” shall mean (i) Executive's failure (except
      where due to a Disability), neglect or refusal to perform his duties
      hereunder for a period of forty-five (45) consecutive days, or ninety (90)
      non-consecutive days within a single twelve- month period; (ii) any
      willful or intentional act of Executive that has the effect of injuring
      the reputation or business of the Company or any Affiliate in any material
      respect; (iii) any determination or finding by the Board of consistent
      drunkenness by Executive, or his illegal use of narcotics, which is or
      could reasonably be expected to become materially injurious to the
      reputation or business of the Company or any Affiliate, or which impairs,
      or could reasonably

1

	 		
      be expected to impair, his judgment or the performance of
      Executive's duties hereunder; (iv) a conviction of, or plea of guilty or
      nolo contendere to, the commission of a felony by Executive; (v)
      the commission by Executive of any act of fraud or embezzlement against
      the Company or any Affiliate; or (vi) Executive's breach of any material
      provision of this Agreement and/or the Confidentiality
Agreement.

	 	 	 
	 	(f) 	
      “COBRA” shall mean the Consolidated Omnibus
      Budget Reconciliation Act of 1985, as amended.

	 	 	 
	 	(g) 	
      “Commencement Date” shall mean December 1,
      2007.

	 	 	 
	 	(h) 	
      “Confidentiality Agreement” shall mean that
      certain Confidentiality, Noncompetition and Nonsolicitation Agreement, in
      the form attached hereto as Exhibit “A”.

	 	 	 
	 	(i) 	
      “Disability” shall mean any physical or mental
      disability or infirmity that prevents the performance of Executive's
      duties for a period of (i) ninety (90) consecutive days or (ii) one
      hundred twenty (120) non-consecutive days during any twelve (12) month
      period. Such Disability will entitle the Company to terminate Executive's
      employment immediately by written notice. Any question as to the
      existence, extent or potentiality of Executive's Disability upon which
      Executive and the Company cannot agree shall be determined by a qualified,
      independent physician selected by the Company and approved by Executive
      (which approval shall not be unreasonably withheld). The determination of
      any such physician shall be final and conclusive for all purposes of this
      Agreement.

	 	 	 
	 	(j) 	
      “Good Reason” shall mean, without Executive's
      written consent (which may be given or withheld in his sole discretion (i)
      a material breach of this Agreement by the Company which is not cured
      within sixty (60) days of the date of notice to the Company (as described
      herein); (ii) if the Company reassigns Executive to a position of lesser
      rank or status or reduces or materially changes Executive's
      responsibilities to the Company; or (iii) any reduction in the Base
      Salary, any cash bonus or equity-based compensation plan previously
      adopted, implemented or in effect at the Company; and any reduction in the
      employee benefits enjoyed by Executive, to the extent such reduction in
      benefits is not borne equally by all employees who enjoy such benefits at
      the time or thereafter.

	 	 	 
	 	(k) 	
      “Significant” shall mean a significant corporate
      transaction in which (i) any person, together with all affiliates and
      associates of such person, becomes the beneficial owner, directly or
      indirectly, of securities of the Company representing 51% or more of the
      common shares the Company, or (ii) there is a sale, lease, exchange or
      other transfer (in one transaction or a series of transactions
      contemplated or arranged by any party as a single plan) of all or
      substantially all of the assets of the Company.

2

	 	(l) 	“Term of Employment” shall mean the
      period specified in Section 2 below. 

	Section 2. 	Acceptance and Term of
      Employment. 

The Company agrees to employ Executive,
and Executive agrees to serve the Company, on the terms and conditions set forth
herein. Unless sooner terminated as provided in Section 7 hereof, the Term of
Employment shall commence on the Commencement Date and shall continue for the
period ending one day prior to the third (3rd) anniversary of the
Commencement Date. Subject to Section 7 hereof, the Term of Employment shall be
extended automatically, without further action by either party, for successive
periods of one additional year, on the third (3rd) anniversary of the
Commencement Date and on each succeeding anniversary date thereafter unless, not
later than ninety (90) days prior to the end of the Term of Employment
(including any prior extension thereof), either the Company or Executive shall
have notified the other in writing of his or its intention not to renew this
Agreement. Upon notice of non-extension, Executive's employment hereunder shall
terminate at the close of business on the last day of the Term of
Employment.

	Section 3. 	Position, Duties and Responsibilities,
      Place of Performance. 

	 	(a) 	
      During the Term of Employment, Executive shall be
      employed and serve as the Vice President and Chief Financial Officer of
      the Company, and shall have such duties as are typically associated with
      such titles. During the Term of Employment, Executive shall report
      directly to the President of the Company.

	 	 	 
	 	(b) 	
      Executive's duties shall be comprised of such matters as
      are customarily performed by someone serving in his position for a
      publicly-traded mining company, including such matters as may be
      reasonably directed by the President, Chief Executive Officer, Board of
      Directors of the Company and/or any Committee of the Board of Directors
      from time to time during the Term of Employment.

	 	 	 
	 	(c) 	
      Executive shall devote his full business time, attention,
      skill and best efforts to the performance of his duties under this
      Agreement and shall not engage in any other business or occupation during
      the Term of Employment (provided, however, that it is anticipated that
      Executive may enter into individual agreements with companies affiliated
      with the Company with the Company's consent). Notwithstanding the
      foregoing, nothing herein shall preclude Executive from (i) serving, as a
      member of the board of directors or advisory boards or providing
      consulting services to (or their equivalents in the case of a
      non-corporate entity) non-competing businesses and charitable
      organizations, (ii) engaging in charitable activities and community
      affairs, and (iii) managing his personal investments and affairs;
      provided, however, that the activities set out in clauses (i), (ii) and
      (iii) above shall be limited by Executive so as not materially to
      interfere, individually or in the aggregate, with the performance of his
      duties and responsibilities hereunder, or to compete, directly or
      indirectly with the business of the Company or any
  Affiliate.

3

	 	(d) 	
      Executive's principal place of employment shall be the
      Company's principal place of business in Tucson, AZ, or such other place
      as may be prescribed by the Board of Directors, acting reasonably, and
      Executive understands and agrees that he will be required to travel from
      time to time for business reasons (including as reasonably required to the
      Company's Johnson Camp Mine in Dragoon, AZ, or such other business
      locations as may be established by the Company from time to time during
      the Term of Employment).

	Section 4. 	Compensation.
  

During the Term of Employment,
Executive shall be entitled to the following compensation:

(a) Base Salary. Executive
shall be paid an annualized Base Salary, payable in accordance with the regular
payroll practices of the Company, of One Hundred Fifty Thousand Dollars
($150,000), with such increases, if any, as may be approved in writing by, and
at the discretion of, the Board from time to time during the Term of Employment.
The Board shall review Executive's Base Salary at least annually to determine
increases, but in no event decreases, in such Base Salary.

(b) Bonuses. From time to time
during the Term of Employment, the Board in its sole discretion may, but shall
not be obligated to, award financial bonuses to Executive to reward exemplary
service on behalf of the Company. Any such award shall be declared by Board
authorization, which shall set the amount, timing and manner of payment of any
such bonuses.

(c) Stock Options. The
Executive acknowledges that he has received 200,000 common stock share purchase
options (the “Options”) with a duration of five years pursuant to the Company’s
2006 Stock Incentive Plan (the “Plan”), and vesting as to 66,667 Options on
March 2, 2008, 66,667 on December 3, 2008 and 66,666 on December 3, 2009. The
exercise price payable upon exercise of the Options has been calculated in
accordance with the Plan and the policies of the Toronto Stock Exchange.

(d) Incentive Plans. The
Executive is entitled to participate in the Company’s 2006 Stock Incentive Plan,
the Company’s Performance Incentive Plan, and such other plans that may from
time to time be adopted by the Company during the Term of Employment to
compensate or provide incentives to qualifying senior executives of the Company.

Executive also shall be permitted to
participate in the Plan according to its terms.

4

	Section 5. 	Employee Benefits.
  

During the Term of Employment,
Executive has elected not to participate in the Company’s health benefits.
However, the Executive will be entitled to participate in all other insurance,
disability insurance, retirement and other benefits provided to other senior
executives of the Company pursuant to Board authorization. Executive shall also
be entitled to the same number of holidays, vacation, sick days and other
benefits as are generally allowed to senior executives of the Company in
accordance with Company policies in effect from time to time.

	Section 6. 	Reimbursement of Business
      Expenses. 

Executive is authorized to incur
reasonable expenses in carrying out his duties and responsibilities under this
Agreement and the Company shall promptly reimburse him for all business expenses
incurred in connection with carrying out the business of the Company, subject to
documentation in accordance with the Company's policies as then in effect.
Unless otherwise agreed in advance by the Company, all domestic travel less than
three hours in duration for Company business shall be done at coach rates.
Domestic travel three hours or more in duration and international travel may, at
the Executive's discretion, be at business or first class rates, whichever class
is available.

	Section 7. 	Termination of Employment.
    

	 	(a) 	
      General. The Term of Employment shall terminate
      earlier than as provided in Section 2 hereof upon the earliest to occur
      of: (i) a termination of Executive's employment due to Executive's death,
      (ii) a termination of Executive's employment by reason of a Disability,
      (iii) a termination by the Company with or without Cause, or (iv) a
      termination by Executive with or without Good Reason. In the event of
      termination of Executive's employment for any reason, at the Company's
      request, the Executive shall resign from the Board of Directors of the
      Company to the extent he is then serving on it.

	 	 	 	 
	 	(b) 	
      Termination Due to Death or Disability. In the
      event Executive's employment is terminated due to his death or Disability,
      Executive, his estate or his beneficiaries, as the case may be, shall be
      entitled to the Accrued Obligations, if any.

	 	 	 	 
	 	(c) 	
      Termination by the Company for Cause.

	 	 	 	 
	 		(i) 	
      A termination for Cause shall not take effect unless the
      provisions of this subsection (i) are complied with. Executive shall be
      given not less than ten (10) days written notice by the Board of the
      intention to terminate him for Cause, such notice to state in reasonable
      detail the particular act or acts or failure or failures to act that
      constitute the grounds on which the proposed termination for Cause is
      based. Executive shall have ten (10) days after the date that such written
      notice has been given to Executive in which to cure such conduct, to the
      extent such cure is possible. If he fails to cure
such

5

	 			conduct, the termination shall be effective on the date
      immediately following the expiration of the ten (10) day notice period. If
      no such cure is reasonably possible by Executive (i.e., in the case of a
      breach of the Confidentiality Agreement), then such termination shall be
      effective immediately upon the receipt of notice by the Executive.
	 	 	 	 
	 		(ii) 	
      In the event the Company terminates Executive's
      employment for Cause, he shall be entitled only to the Accrued
      Obligations, and the Company shall have no further liability to the
      Executive hereunder.

	 	 	 	 
	 	(d) 	
      Termination By The Company Without Cause. The
      Company may terminate Executive's employment without Cause, effective upon
      Executive's receipt of written notice of such termination. In the event
      Executive's employment is terminated by the Company without Cause (other
      than due to death or Disability), Executive shall be entitled
to:

	 	 	 	 
	 		(i) 	
      the Accrued Obligations, if any;

	 	 	 	 
	 		(ii) 	
      continuation of Base Salary for twenty-four (24) months
      (the “Severance Term”), payable in accordance with the Company's
      then-existing payroll practices; and

	 	 	 	 
	 		(iii) 	
      should Executive be eligible for and elect to continue
      his health insurance pursuant to COBRA following the date of such
      termination, payment of COBRA premiums until the earlier of: (A)
      expiration of the Severance Term, or (B) the date Executive commences
      employment with any person or entity and, thus, is eligible for health
      insurance benefits at least as favorable as those provided by the
      Company.

	 	 	 	 
	 	(e) 	
      Termination by the Executive for Good Reason.
      Executive may terminate his employment for Good Reason by providing the
      Company thirty (30) days' written notice, setting forth in reasonable
      specificity the event(s) constituting Good Reason, within sixty (60) days
      of the occurrence of such event. During such thirty (30) day notice
      period, the Company shall have a cure right (if curable), and if not cured
      within such period, Executive's termination will be effective upon the
      expiration of such cure period (and, if not curable, then Executive's
      termination shall be effective as of the date of the Company's receipt of
      his notice therefor), and Executive shall be entitled to the same payments
      and benefits as provided in Section 7(d) above for a termination without
      Cause.

	 	 	 	 
	 	(f) 	
      Termination by Executive Without Good Reason.
      Executive may terminate his employment without Good Reason by providing
      the Company sixty (60) days' written notice in advance of such
      termination. In the event of a termination of employment by Executive
      under this Section 7(f), Executive shall have the same entitlements as are
      provided in Section 7(c)(ii) above for a termination by the Company for
      Cause. In the event of termination of Executive's employment
  under

6

	 		
      this subsection (f), the Company may, in its sole and
      absolute discretion, at any time after notice of termination has been
      given by Executive, terminate this Agreement, provided that the Company
      shall continue to pay to Executive his then current Base Salary and
      continue benefits provided pursuant to Section 5 for the duration of the
      unexpired notice period.

	 	 	 	 	 
	 	(g) 	
      Termination Following a Change in
  Control.

	 	 	 	 	 
	 		(i) 	
      If at anytime following a Change in Control the Company
      shall elect to terminate Executive's employment for any reason other than
      those specified in Sections 7(c), it shall provide written notice of such
      termination to the Executive. The Executive may also terminate his
      employment with the Company following a Change in Control by delivering
      written notice to the Company within sixty (60) days following the
      occurrence of such Change in Control. In either case, but subject to the
      execution and delivery by Executive and the Company of a mutual and
      general release of claims, the Company shall provide to Executive the
      following:

	 	 	 	 	 
	 			(A) 	
      the Accrued Obligations, payable in a lump sum within 60
      (sixty) days following termination of employment;

	 	 	 	 	 
	 			(B) 	
      an amount equal to three times the Base Salary, payable
      in a lump sum within 60 days following termination of
employment;

	 	 	 	 	 
	 			(C) 	
      if the Executive is eligible and elects continuation of
      coverage of medical and dental benefits under COBRA,, the Company will pay
      100% of such premiums for the first 18 months of coverage; and

	 	 	 	 	 
	 			(D) 	
      payment of premiums necessary for continuation of any
      Supplemental Disability Policy or, at the election of the Company, a lump
      sum amount equal to the aggregate premiums to be paid thereon, in either
      case for a period of 12 months following the effective date of
      termination.

	 	 	 	 	 
	 		
      Other than payment of such amounts, the Company shall
    have no further obligations under this Agreement.

	 	 	 	 	 
	 	(h) 	
      For purposes of this Agreement, a “Change in
      Control” shall be deemed to have occurred if:

	 	 	 	 	 
			(i) 	
      any “person” as such term is used in Sections
      13(d) and 14(d) of the Securities Exchange Act of 1934, as amended
      (the “Exchange Act”) (other than the Company, any trustee or other
      fiduciary holding securities under

7

	 		
       
	
      an employee benefit plan of the Company, or any
      corporation owned directly or indirectly by the shareholders of the
      Company in substantially the same proportion as the ownership of stock of
      the Company) is or becomes the “beneficial owner” (as defined in
      Rule 13d-3 under the Exchange Act), directly or indirectly, of securities
      of the Company representing more than 50% of the combined voting power of
      the Company's then outstanding securities; or

	 	 	 	 
	 		(ii) 	
      a merger or consolidation of the Company with any other
      corporation occurs, other than (I) a merger or consolidation which would
      result in the voting securities of the Company outstanding immediately
      prior thereto continuing to represent (either by remaining outstanding or
      by being converted into voting securities of the surviving entity) more
      than 50% of the combined voting power of the voting securities of the
      Company or such surviving entity outstanding immediately after such merger
      or consolidation or (II) a merger or consolidation effected to implement a
      recapitalization of the Company (or similar transaction) in which no
      “person” (as hereinabove defined) acquires more than 50% of the combined
      voting power of the Company's then outstanding securities; or

	 	 	 	 
	 		(iii) 	
      the consummation of the sale or disposition by the
      Company of all or substantially all of the Company's assets or the
      shareholders of the Company approve a plan of complete liquidation of the
      Company.

	 	 	 	 
	 	(i) 	
      No Duty to Mitigate Losses. Executive shall have
      no duty to find new employment following the termination of his employment
      under circumstances which require the Company to pay any amount to
      executive pursuant to this Section 7. Any salary or remuneration received
      by Executive from a third party for the providing of personal services
      (whether by employment or by functioning as an independent contractor)
      following the termination of his employment with the Company shall not
      reduce the Company's obligation to make a payment to Executive (or the
      amount of such payment) pursuant to the terms of said Section 7, other
      than as specifically set forth in Section 7(d)(iii) with respect to health
      insurance.

	 	 	 	 
	 	(j) 	
      Expiration of the Term of Employment.
      Notwithstanding anything herein to the contrary, in no event shall any
      termination by reason of expiration of the Term of Employment pursuant to
      Section 2 hereof constitute a termination without Cause hereunder and,
      upon such expiration, Executive shall have the same entitlements as are
      provided in Section 7(c)(ii) above for a termination by the Company for
      Cause. Notwithstanding the foregoing, in no event shall a notice of
      nonrenewal of the Term of Employment by Executive pursuant to Section 2
      hereof in and of itself constitute Cause.

	 	 	 	 
	 	(k) 	
      Release. Notwithstanding any provision herein to
      the contrary, the Company may require, prior to payment of any amount or
      provision of any benefit pursuant to

8

Sections 7(d) or 7(e) or 7(g) of this
Agreement, that Executive execute a complete and mutual release of the Company
and its affiliates and related parties in such form as is reasonably required by
the Company, and any waiting periods contained in such release shall have
expired.

	Section 8. 	Confidentiality Agreement; Assignment of
      Intellectual Property Rights. 

	 	(a) 	
      As a condition to his employment pursuant to this
      Agreement, Executive shall sign the Confidentiality Agreement. Executive
      hereby represents and warrants to the Company that he will comply with all
      obligations under the Confidentiality Agreement and further agrees that
      the provisions of the Confidentiality Agreement shall survive any
      termination of this Agreement or of Executive's employment or subsequent
      service relationship with the Company, if any.

	 	 	 	 
	 	(b) 	
      Executive agrees that during the Employment Term he will
      promptly disclose, in writing, all information, ideas, concepts,
      improvements, discoveries and inventions, whether patentable or not, and
      whether or not reduced to practice, which are conceived, developed, made
      or acquired during Executive’s employment with the Company, either
      individually, or jointly with others, and which relate to specifically to
      the mining business, products or services of the Company, or any of its
      subsidiaries or affiliates, irrespective of whether such information,
      idea, concept, improvement, discovery or invention was conceived,
      developed, discovered or acquired by Executive on the job, or elsewhere
      (collectively, the “Inventions”). The Company and Executive have
      agreed as follows regarding the Inventions:

	 	 	 	 
	 		(i) 	
      All Inventions are, and shall be, the property of the
      Company. In this context, all drawings, memoranda, notes, records, files,
      correspondence, manuals, models, specifications, computer programs, maps
      and all other writings, or materials of any kind embodying any such
      Inventions are and shall be the sole and exclusive property of the
      Company.

	 	 	 	 
	 		(ii) 	
      Executive hereby specifically sells, assigns and
      transfers to the Company all of his worldwide right, title and interest in
      and to all such Inventions, and any United States or foreign applications
      for patents, inventor's certificates or other industrial rights that may
      be filed after the Commencement Date, including divisions, continuations,
      continuations- in-part, reissues and/or extensions thereof, and
      applications for registration of any names and marks included therewith.
      Both during the Employment Term and thereafter, Executive shall assist the
      Company and its nominees at all times in the protection of such
      Inventions, both in the United States and all foreign countries, including
      but not limited to, the execution of all lawful oaths and all assignment
      documents, not inconsistent with this Agreement, requested by the Company,
      or its nominee in connection with the preparation, prosecution, issuance
      or enforcement of any applications for United States or foreign letters
      patent, including divisions,

9

continuations, continuations-in-part,
reissue, and/or extensions thereof, and any applications for the registration of
names and marks included therewith.

	Section 9. 	Representations. Warranties and Covenants
      of Executive. 

Executive represents and covenants to
the Company as follows:

	 	(a) 	
      Executive is entering into this Agreement voluntarily and
      that his employment hereunder and compliance with the terms and conditions
      hereof will not conflict with or result in the breach by him of any
      agreement or understanding to which he is a party or by which he may be
      bound;

	 	 	 
	 	(b) 	
      he has not, and in connection with his employment with
      the Company will not, violate any non-solicitation or other similar
      covenant or agreement by which he is or may be bound; and

	 	 	 
	 	(c) 	
      he has not, and in connection with his employment with
      the Company he will not use any confidential or proprietary information he
      may have obtained in connection with his employment by any prior
      employer.

	Section 10. 	Taxes.

The Company may withhold from any
payments made under this Agreement all applicable taxes, including but not
limited to income, employment and social insurance taxes, as required by
law.

	Section 11: 	Excise Taxes 

Anything in this Agreement to the
contrary notwithstanding, if any payment or benefit to which the Executive is
entitled from the Company (the “Payments,” which will include the vesting of
stock awards or other benefit or property) is more likely than not to be subject
to the tax imposed by section 4999 of the Internal Revenue Code of 1986, as
amended (or any successor provision to that section), the Payments shall be
reduced to the extent required to avoid application of such tax if (and only if)
such reduction will increase the amount that the Executive would retain after
payment of the excise tax and applicable income taxes. The Executive will be
entitled to select the order in which Payments are to be reduced in accordance
with the preceding sentence. Determination of whether Payments would result in
the application of the tax imposed under Section 4999, and the amount of
reduction that is necessary so that no such tax is applied, shall be made, at
the Company's expense by the independent accounting firm employed by the Company
immediately prior to the occurrence of any change in control of the Company
which will result in the imposition of such tax.

10

	Section 12. 	Successors and Assigns: No Third-Party
      Beneficiaries. 

	 	(a) 	
      The Company. This Agreement shall
      inure to the benefit of and be enforceable by, and may be assigned by the
      Company to, any purchaser of all or substantially all of the Company's
      business or assets, any successor to the Company or any assignee thereof
      (whether direct or indirect, by purchase, merger, consolidation or
      otherwise). The Company will require any such purchaser, successor or
      assignee to expressly assume and agree to perform this Agreement in the
      same manner and to the same extent that the Company would be required to
      perform it if no such purchase, succession or assignment had taken
      place.

	 	 	 
	 	(b) 	
      Executive. Executive's rights and
      obligations under this Agreement shall not be transferable by Executive by
      assignment or otherwise, without the prior written consent of the Company;
      provided, however, that if Executive shall die, all amounts then payable
      to Executive hereunder shall be paid in accordance with the terms of this
      Agreement to Executive's devisee, legatee or other designee or, if there
      be no such designee, to Executive's estate.

	Section 13. 	Waiver and Amendments.
  

Any waiver, alteration, amendment or
modification of any of the terms of this Agreement shall be valid only if made
in writing and signed by the parties hereto; provided, however, that any such
waiver, alteration, amendment or modification is consented to on the Company's
behalf by the Board. No waiver by either of the parties hereto of their rights
hereunder shall be deemed to constitute a waiver with respect to any subsequent
occurrences or transactions hereunder unless such waiver specifically states
that it is to be construed as a continuing waiver.

	Section 14. 	Severability.
  

If any covenants or such other
provisions of this Agreement are found to be invalid or unenforceable by a final
determination of a court of competent jurisdiction (a) the remaining terms and
provisions hereof shall be unimpaired and (b) the invalid or unenforceable term
or provision hereof shall be deemed replaced by a term or provision that is
valid and enforceable and that comes closest to expressing the intention of the
invalid or unenforceable term or provision hereof.

	Section 15. 	Governing Law; Venue.
  

This Agreement shall be governed by and
construed in accordance with the internal laws of the State of Arizona
applicable to the performance and enforcement of contracts made wholly within
the state, without giving effect to the law of conflicts of laws applied
thereby. In the event that any dispute shall occur between the parties arising
out of or resulting from the construction, interpretation, enforcement or any
other aspect of this Agreement, the parties hereby agree to accept the exclusive
jurisdiction of the Courts of the State of Arizona. In the event that either
party shall be forced to bring any legal action 

11

to protect or defend its rights
hereunder, then the prevailing party in such proceeding shall be entitled to
reimbursement from the non-prevailing party of all fees, costs and other
expenses (including, without limitation, the reasonable expenses of its
attorneys) in bringing or defending against such action.

	Section 16. 	Notices.

	 	(a) 	
      Every notice or other communication relating to this
      Agreement shall be in writing, and shall be mailed to or delivered to the
      party for whom it is intended at such address as may from time to time be
      designated by it in a notice mailed or delivered to the other party as
      herein provided, provided that, unless and until some other address be so
      designated, all notices or communications by Executive to the Company
      shall be mailed or delivered to the Company at its principal executive
      office, and all notices or communications by the Company to Executive may
      be given to Executive personally or may be mailed to Executive at
      Executive's last known address, as reflected in the Company's
    records.

	 	 	 
	 	(b) 	
      Any notice so addressed shall be deemed to be given: (i)
      if delivered by hand or sent by facsimile or e-mail (and subject to an
      electronic receipt or other proof of transmission thereof, on the date of
      such delivery or transmission; (ii) if mailed by courier or by overnight
      mail, on the first business day following the date of such mailing; and
      (iii) if mailed by registered or certified mail, on the third business day
      after the date of such mailing.

	Section 17. 	Section Headlines.
  

The headings of the sections and
subsections of this Agreement are inserted for convenience only and shall not be
deemed to constitute a part thereof, affect the meaning or interpretation of
this Agreement or of any term or provision hereof.

	Section 18. 	Entire Agreement.
  

This Agreement, together with any
exhibits attached hereto, constitutes the entire understanding and agreement of
the parties hereto regarding the employment of Executive. This Agreement
supersedes all prior negotiations, discussions, correspondence, communications,
understandings and agreements between the parties relating to the subject matter
of this Agreement.

	Section 19. 	Survival of Operative
      Sections. 

Upon any termination of Executive's
employment, the provisions of Sections 7 through 19 of this Agreement shall
survive to the extent necessary to give effect to the provisions thereof.

12

	Section 20. 	Counterparts; Facsimiles.
    

This Agreement may be executed in one
or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument. Facsimiles
containing original signatures shall be deemed for all purposes to be
originally-signed copies of the documents which are the subject of such
facsimiles.

IN WITNESS WHEREOF, the undersigned
have executed this Agreement as of the date and year first above written.

	 	THE COMPANY: 
	 	 
	 	NORD RESOURCES CORPORATION
  
	 	 	 
	 	By: 	/s/ John Perry
	 	Name: 	John Perry 
	 	Title: 	CEO 
	 	 	 
	 	 	 
	 	 
	 	THE EXECUTIVE: 
	 	 
	 	By: 	/s/ Wayne Morrison
	 	Name: 	Wayne Morrison

13

EXHIBIT “A”

TO EXECUTIVE EMPLOYMENT AGREEMENT

CONFIDENTIALITY AND NONSOLICITATION AGREEMENT

As a condition of my becoming employed (or my employment being
continued) by Nord Resources Corporation, a Delaware corporation
(“Nord” and, together with any of its current or future parent companies,
subsidiaries, affiliates; successors or assigns, the “Company”), and in
consideration of my employment with the Company and my receipt of the
compensation now and hereafter paid to me by the Company, I agree to the
following:

	1. 	Confidential Information.
    

     (a) Company Information. I
acknowledge that, during the course of my employment, I will have access to
information about the Company and that my employment with the Company shall
bring me into close contact with confidential and proprietary information of the
Company. In recognition of the foregoing, I agree, at all times during the term
of my employment with the Company and thereafter, to hold in confidence, and not
to use, except for the benefit of the Company, or to disclose to any person,
firm, corporation or other entity without written authorization of the Company,
any Confidential Information of the Company which I obtain or create. I further
agree not to make copies of such Confidential Information except as authorized
by the Company. I understand that “Confidential Information” means any
Company proprietary information, technical data, trade secrets or know-how,
including, but not limited to, research, product plans, products, services,
suppliers, customer lists and customers (including, but not limited to,
customers of the Company on whom I call or with whom I become acquainted during
the term of my employment), prices and costs, markets, software, developments,
inventions, protocols, interfaces, laboratory notebooks, processes, formulas,
technology, designs, drawings, engineering materials, hardware configuration
information, marketing data, licenses, finances, budgets or other business
information disclosed to me by the Company either directly or indirectly in
writing, orally or by drawings or observation of parts or equipment or created
by me during the period of my employment (the "Employment Period"). I understand
that Confidential Information includes, but is not limited to, information
pertaining to any aspect of the Company's business which is information not
known by actual or potential competitors of the Company and/or is confidential
or proprietary information of the Company or its customers or suppliers, whether
of a technical nature or otherwise. Notwithstanding the foregoing, Confidential
Information shall not include (i) any of the foregoing items which have become
publicly and widely known through no wrongful act of mine or persons under my
direct or indirect control, or of others who were or are under confidentiality
obligations as to the item or items involved; or (ii) any information that I am
required to disclose to, or by, any governmental or judicial authority;
provided, however, that I give the Company prompt written notice
thereof so that the Company may seek an appropriate protective order and/or
waive in writing compliance with the confidentiality provisions of this
Agreement.

     (b) Former Employer
Information. I represent that my performance of all terms of this
Agreement as an employee of the Company has not breached and will not breach any
agreement to keep in confidence proprietary information, knowledge or data
acquired by me in Confidence or trust prior or subsequent to the commencement of
my employment with the Company, and I will not disclose to the Company, or
induce the Company to use, any inventions, confidential or proprietary
information or material I may have obtained in connection with employment with
any prior employer in violation of law or of any confidentiality agreement,
nondisclosure agreement or similar agreement with such prior employer.

     (c) Third Party
Information. I recognize that the Company has received and in the
future will receive confidential or proprietary information from third parties
subject to a duty on the Company’s part to maintain the confidentiality of such
information and to use it only for certain limited purposes. I agree to hold all
such confidential or proprietary information in the strictest confidence and not
to disclose it to any person, firm or corporation or to use it except as
necessary in carrying out my work for the Company consistent with the Company’s
agreement(s) with such third party(ies).

2. Returning Company Documents. I agree
that, at the time of termination of my employment with the Company for any
reason, I will deliver to the Company (and will not keep in my possession,
recreate or deliver to anyone else) any and all Confidential Information and all
other documents, materials, information or property developed by me pursuant to
my employment or otherwise belonging to the Company, its successors or assigns.
I further agree that any property situated on the Company’s premises and owned
by the Company, including disks and other storage media, filing cabinets or
other work areas, is subject to inspection by Company personnel at any time with
or without notice.

3. Disclosure of Agreement. As long
as it remains in effect, I will disclose the existence of this Agreement to any
prospective employer, partner, co-venturer, investor or lender prior to entering
into an employment, partnership or other business relationship with such person
or entity.

4. Solicitation of Employees and
Clients. During the Employment Period and for a period of
twenty-four (24) months after the date of the termination of my employment for
any reason (the “Restricted Period”), I shall not, without the prior written
consent of the Company, directly or indirectly, either individually or on behalf
of or through any other person, business, enterprise or entity (other than the
Company), (a) solicit or induce, or in any manner attempt to solicit or induce,
any person employed by, an agent of, or a service provider to, the Company to
terminate such person’s employment, agency or service, as the case may be, with
the Company; or (b) divert, or attempt to divert, any person, concern, or entity
from doing business with the Company, or attempt to induce any such person,
concern or entity to cease being a customer or supplier of the Company (persons,
concerns and entities doing business with the Company referred to collectively
herein as “Clients”).

5. Reasonableness of Restrictions.
I acknowledge and recognize the highly competitive nature of the Company’s
business, that access to Confidential Information renders me special and unique
within the Company’s industries, and that I will have the opportunity to develop

2

substantial relationships with existing and prospective
customers, clients, suppliers, consultants and contractors, investors and
strategic partners of the Company during the course of and as a result of my
employment with the Company. I also acknowledge that the business of the Company
is or may be conducted throughout United States and this its Clients are or may
be located throughout United States and that a business competitive with the
Company may be carried on anywhere within the United States. In light of the
foregoing, I recognize and acknowledge that the restrictions and limitations set
forth in this Agreement are reasonable and valid in geographical and temporal
scope and in all other respects, and are essential to protect the value of the
Company's business and assets. I further acknowledge that the restrictions and
limitations set forth in this Agreement will not materially interfere with my
ability to earn a living following the termination of my employment with the
Company and that my ability to earn a livelihood without violating such
restrictions is a material condition to my employment with the Company.

6. Independence: Severability: Blue
Pencil. Each of the rights enumerated in this Agreement shall be
independent of the others and shall be in addition to and not in lieu of any
other rights and remedies available to the Company at law or in equity. If any
of the provisions of this Agreement or any part of any of them is hereafter
construed or adjudicated to be invalid or unenforceable, the same shall not
affect the remainder of this Agreement, which shall be given full effect without
regard to the invalid portions. If any of the covenants contained herein are
held to be invalid or unenforceable because of the duration of such provisions
or the area or scope covered thereby, I agree that the court making such
determination shall have the power to reduce the duration, scope and/or area of
such provision to the maximum and/or broadest duration, scope and/or area
permissible by law and in its reduced form said provision shall then be
enforceable.

7. Injunctive Relief. I expressly
acknowledge that any breach or threatened breach of any of the terms and/or
conditions set forth in this Agreement may result in substantial, continuing and
irreparable injury to the Company. Therefore, I hereby agree that, in addition
to any other remedy that may be available to the Company, the Company shall be
entitled to injunctive relief, specific performance or other equitable relief by
a court of appropriate jurisdiction in the event of any breach of threatened
breach of the terms of this Agreement without the necessity of proving
irreparable harm or injury as a result of such breach or threatened breach.
Notwithstanding any other provision to the contrary, I acknowledge and agree
that the Restricted Period shall be tolled during any period of violation of any
of the covenants in Sections 1 or 4 hereof, and during any other period required
for litigation during which the Company seeks to enforce such covenants against
me if it is ultimately determined that I was in breach of such covenants. I
further hereby waive any requirement that the Company post a bond or deposit in
conjunction with bringing any such proceeding.

8. General Provisions.

(a) Governing Law; Venue. This
Agreement shall be governed by and construed in accordance with the internal
laws of the State of Arizona applicable to the performance and enforcement of
contracts made within such state, without giving effect to the law of conflicts
of laws applied thereby. In the event that any dispute shall occur between the
parties arising out of 

3

or resulting from the construction, interpretation, enforcement
or any other aspect of this Agreement, the parties hereby agree to accept the
exclusive jurisdiction of the Courts of the State of Arizona. In the event
either party shall be forced to bring any legal action to protect or defend its
rights hereunder, then the prevailing party in such proceeding shall be entitled
to reimbursement from the non-prevailing party of all fees, costs and other
expenses (including, without limitation, the reasonable expenses of its
attorneys) In ringing or defending against such action.

     (b) Entire
Agreement. This Agreement sets forth the entire agreement and
understanding between the Company and me relating to the subject matter herein
and merges all prior discussions between us. No modification or amendment to
this Agreement, nor any waiver of any rights under this Agreement, will be
effective unless in writing signed by the party to be charged. Any subsequent
change or changes in my duties, obligations, rights or compensation will not
affect the validity or scope of this Agreement.

     (c) Successors and
Assigns. This Agreement will be binding upon my heirs, executors,
administrators and other legal representatives and will be for the benefit of
the Company, its successors, and its assigns.

     (d)
Survival. The provisions of this Agreement shall
survive the termination of my relationship with the Company and/or the
assignment of this Agreement by the Company to any successor in interest or
other assignee.

     IN WITNESS WHEREOF, I , Wayne
Morrison, have executed this Confidentiality and Non-solicitation Agreement on
the date and year set forth below but with effect from December 1, 2007:

	Date: September 12, 2008 	By:	/s/
      Wayne Morrison
	  	 	Wayne Morrison 

4

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