Document:

<PAGE>

                                                                     EXHIBIT 4.4

                          REGISTRATION RIGHTS AGREEMENT

     AGREEMENT dated as of December 3, 2004, between MERCATOR MOMENTUM FUND, LP,
and MERCATOR MOMENTUM FUND III, LP. (collectively, the "Fund") and MERCATOR
ADVISORY GROUP, LLC ("MAG") (the Fund and MAG are referred to individually as a
"Holder" and collectively as the "Holders"), and Medical Discoveries, Inc., a
Utah corporation (the "Company").

     WHEREAS, the Funds have purchased, for an aggregate of $3,000,000, an
aggregate of 30,000 shares of Series A Convertible Preferred Stock (the "Series
A Stock") from the Company, and have the right to cause their Series A Stock to
be converted into shares of Common Stock, no par value (the "Common Stock"), of
the Company, pursuant to the conversion formula set forth in the Certificate of
Determination;

     WHEREAS, each of Fund and MAG have acquired Warrants (together, the
"Warrants") from the Company, pursuant to which the Holders have the right to
purchase in the aggregate up to 22,877,478 shares of the Common Stock through
the exercise of the Warrants;

     WHEREAS, the Company desires to grant to the Holders the registration
rights set forth herein with respect to the shares of Common Stock issuable upon
the conversion of the Series A Stock and the exercise of the Warrants.

     NOW, THEREFORE, the parties hereto mutually agree as follows:

     1.     REGISTRABLE SECURITIES. As used herein the terms "Registrable
          Security" means each of the shares of Common Stock (i) issued upon the
          conversion of the Series A Stock (the "Conversion Shares") or (ii)
          upon exercise of the Warrants (the "Warrant Shares"), provided,
          however, that with respect to any particular Registrable Security,
          such security shall cease to be a Registrable Security when, as of the
          date of determination that (a) it has been effectively registered
          under the Securities Act of 1933, as amended (the "Securities Act"),
          and disposed of pursuant thereto, or (b) registration under the
          Securities Act is no longer required for the immediate public
          distribution of such security. The term "Registrable Securities" means
          any and/or all of the securities falling within the foregoing
          definition of a "Registrable Security." In the event of any merger,
          reorganization, consolidation, recapitalization or other change in
          corporate structure affecting the Common Stock, such adjustment shall
          be made in the definition of "Registrable Security" as is appropriate
          in order to prevent any dilution or enlargement of the rights granted
          pursuant to this Section 1.

     2.     REGISTRATION.

     The Company shall file a registration statement (the "Registration
Statement") with the Securities and Exchange Commission (the "SEC") on or before
December 15, 2004, in order to register the resale of the Registrable Securities
under the Securities Act. Once effective, the Company shall maintain the
effectiveness of the Registration Statement until the earlier of

                                      -6-

<PAGE>

(i) the date that all of the Registrable Securities have been sold, or (ii)
the date that the Company receives an opinion of counsel to the Company that all
of the Registrable Securities may be freely traded without registration under
the Securities Act, under Rule 144 promulgated under the Securities Act or
otherwise.

     The Company will initially include in the Registration Statement as
Registrable Securities Eighty-Two Million Eight Hundred Seventy-Seven Thousand
Four Hundred Seventy-Eight (82,877,478) shares of Common Stock issuable upon
conversion of the Series A Stock and the maximum number of shares of Common
Stock issuable upon exercise of the Warrants.

     3.     COVENANTS OF THE COMPANY WITH RESPECT TO REGISTRATION.

     The Company covenants and agrees as follows:

     The Company shall use best efforts to cause the Registration Statement to
become effective with the SEC as promptly as possible and in no event more than
120 days after the date of this Agreement. If any stop order shall be issued by
the SEC in connection therewith, the Company shall use best efforts to obtain
promptly the removal of such order. Following the effective date of the
Registration Statement, the Company shall, upon the request of any Holder,
forthwith supply such reasonable number of copies of the Registration Statement,
preliminary prospectus and prospectus meeting the requirements of the Securities
Act, and any other documents necessary or incidental to the public offering of
the Registrable Securities, as shall be reasonably requested by the Holder to
permit the Holder to make a public distribution of the Holder's Registrable
Securities. The obligations of the Company hereunder with respect to the
Holder's Registrable Securities are subject to the Holder's furnishing to the
Company such appropriate information concerning the Holder, the Holder's
Registrable Securities and the terms of the Holder's offering of such
Registrable Securities as the Company may reasonably request in writing.

     The Company shall pay all costs, fees and expenses in connection with the
Registration Statement filed pursuant to Section 2 hereof including, without
limitation, the Company's legal and accounting fees, printing expenses, and blue
sky fees and expenses; provided, however, that each Holder shall be solely
responsible for the fees of any counsel retained by the Holder in connection
with such registration and any transfer taxes or underwriting discounts,
commissions or fees applicable to the Registrable Securities sold by the Holder
pursuant thereto.

     The Company will take all actions which may be required to qualify or
register the Registrable Securities included in the Registration Statement for
the offer and sale under the securities or blue sky laws of such states as are
reasonably requested by each Holder of such securities, provided that the
Company shall not be obligated to execute or file any general consent to service
of process or to qualify as a foreign corporation to do business under the laws
of any such jurisdiction.

                                      -7-

<PAGE>

     4.     ADDITIONAL TERMS.

            The Company shall indemnify and hold harmless the Holders and each
underwriter, within the meaning of the Securities Act, who may purchase from or
sell for any Holder, any Registrable Securities, from and against any and all
losses, claims, damages and liabilities caused by any untrue statement of a
material fact contained in the Registration Statement, any other registration
statement filed by the Company under the Securities Act with respect to the
registration of the Registrable Securities, any post-effective amendment to such
registration statements, or any prospectus included therein or caused by any
omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, except insofar as such
losses, claims, damages or liabilities are caused by any such untrue statement
or omission based upon information furnished or required to be furnished in
writing to the Company by the Holders or underwriter expressly for use therein,
which indemnification shall include each person, if any, who controls any Holder
or underwriter within the meaning of the Securities Act and each officer,
director, employee and agent of each Holder and underwriter; provided, however,
that the indemnification in this Section 4(a) with respect to any prospectus
shall not inure to the benefit of any Holder or underwriter (or to the benefit
of any person controlling any Holder or underwriter) on account of any such
loss, claim, damage or liability arising from the sale of Registrable Securities
by the Holder or underwriter, if a copy of a subsequent prospectus correcting
the untrue statement or omission in such earlier prospectus was provided to such
Holder or underwriter by the Company prior to the subject sale and the
subsequent prospectus was not delivered or sent by the Holder or underwriter to
the purchaser prior to such sale and provided further, that the Company shall
not be obligated to so indemnify any Holder or any such underwriter or other
person referred to above unless the Holder or underwriter or other person, as
the case may be, shall at the same time indemnify the Company, its directors,
each officer signing the Registration Statement and each person, if any, who
controls the Company within the meaning of the Securities Act, from and against
any and all losses, claims, damages and liabilities caused by any untrue
statement of a material fact contained in the Registration Statement, any
registration statement or any prospectus required to be filed or furnished by
reason of this Agreement or caused by any omission to state therein a material
fact required to be stated therein or necessary to make the statements therein
not misleading, insofar as such losses, claims, damages or liabilities are
caused by any untrue statement or omission based upon information furnished in
writing to the Company by the Holder or underwriter expressly for use therein.

            If for any reason the indemnification provided for in the preceding
section is held by a court of competent jurisdiction to be unavailable to an
indemnified party with respect to any loss, claim, damage, liability or expense
referred to therein, then the indemnifying party, in lieu of indemnifying such
indemnified party thereunder, shall contribute to the amount paid or payable by
the indemnified party as a result of such loss, claim, damage or liability in
such proportion as is appropriate to reflect the relative fault of the
indemnified party and the indemnifying party, as well as any other relevant
equitable considerations.

            Neither the filing of a Registration Statement by the Company
pursuant to this Agreement nor the making of any request for prospectuses by the
Holder shall impose upon any Holder any obligation to sell the Holder's
Registrable Securities.

                                      -8-

<PAGE>
            Each Holder, upon receipt of notice from the Company that an event
has occurred which requires a Post-Effective Amendment to the Registration
Statement or a supplement to the prospectus included therein, shall promptly
discontinue the sale of Registrable Securities until the Holder receives a copy
of a supplemented or amended prospectus from the Company, which the Company
shall provide as soon as practicable after such notice.

            If the Company fails to keep the Registration Statement referred to
above continuously effective during the requisite period, then the Company
shall, promptly upon the request of any Holder, use best efforts to update the
Registration Statement or file a new registration statement covering the
Registrable Securities remaining unsold, subject to the terms and provisions
hereof.

            Each Holder agrees to provide the Company with any information or
undertakings reasonably requested by the Company in order for the Company to
include any appropriate information concerning the Holder in the Registration
Statement or in order to promote compliance by the Company or the Holder with
the Securities Act.

            (g)  The Company agrees that it shall cause each of its directors,
officers and shareholders owning ten percent (10%) or more of the Company's
outstanding Common Stock to refrain from selling any shares of the Company's
Common Stock until the Registration Statement has been declared effective.

            (h)  Each Holder, on behalf of itself and its affiliates, hereby
covenants and agrees not to, directly or indirectly, offer to "short sell",
contract to "short sell" or otherwise "short sell" any securities of the
Company, including, without limitation, shares of Common Stock that will be
received as a result of the conversion of the Series A Stock or the exercise of
the Warrants.

      5.    GOVERNING LAW. The Registrable Securities will be, if and when
            issued, delivered in California. This Agreement shall be deemed to
            have been made and delivered in the State of California and shall be
            governed as to validity, interpretation, construction, effect and in
            all other respects by the internal substantive laws of the State of
            California, without giving effect to the choice of law rules
            thereof.

      6.    AMENDMENT.  This Agreement may only be amended by a written
            instrument executed by the Company and the Holders.

      7.    ENTIRE AGREEMENT.  This Agreement constitutes the entire agreement
            of the parties hereto with respect to the subject matter hereof, and
            supersedes all prior agreements and understandings of the parties,
            oral and written, with respect to the subject matter hereof.

      8.    EXECUTION IN COUNTERPARTS.  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 document.

                                      -9-
<PAGE>
      9.    NOTICES.  All communications hereunder shall be in writing and
            shall be hand delivered, mailed by first-class mail, couriered by
            next-day air courier or by facsimile  at the addresses set forth
            below.

               If to the Holders,   Mercator Advisory Group, LLC
                                    Mercator Momentum Fund, L.P.
                                    Mercator Momentum Fund III, L.P.
                                    Monarch Pointe Fund, Ltd.
                                    555 South Flower Street, Suite 4500
                                    Los Angeles, CA  90071
                                    Attention: David Firestone

               With a copy to Sheppard Mullin Richter & Hampton LLP
                                    333 South Hope Street
                                    48th Floor
                                    Los Angeles, CA 90071-1448
                                    Telephone No.: (213) 620-1780
                                    Facsimile No.:  (213) 620-1398
                                    Attention:     David C. Ulich

               If to the Company,   Medical Discoveries, Inc.
                                    738 Aspenwood Lane
                                    Twin Falls, Idaho 83301
                                    Telephone No.: (208) 736-1799
                                    Facsimile No.: (208) 733-5877
                                    Attention:  Judy M. Robinett

With a copy to                      Stoel Rives LLP
                                    101 S. Capitol Blvd., Suite 1900
                                    Boise, Idaho 83702
                                    Telephone No.: (208) 389-9000
                                    Facsimile No.:  (208) 389-9040
                                    Attention:     Stephen R. Drake

All such notices and communications shall be deemed to have been duly given: (i)
when delivered by hand, if personally delivered; (ii) five business days after
being deposited in the mail, postage prepaid, if mailed certified mail, return
receipt requested; (iii) one business day after being timely delivered to a
next-day air courier guaranteeing overnight delivery; (iv) the date of
transmission if sent via facsimile to the facsimile number as set forth in this
Section or the signature page hereof prior to 4:00 p.m. on a business day, or
(v) the business day following the date of transmission if sent via facsimile at
a facsimile number set forth in this Section or on the signature page hereof
after 4:00 p.m. or on a date that is not a business day. Change of a party's
address or facsimile number may be designated hereunder by giving notice to all
of the other parties hereto in accordance with this Section.

                                      -10-

<PAGE>
      10.     BINDING EFFECT; BENEFITS. Any Holder may assign its rights
            hereunder. This Agreement shall inure to the benefit of, and be
            binding upon, the parties hereto and their respective heirs, legal
            representatives, successors and assigns. Nothing herein contained,
            express or implied, is intended to confer upon any person other than
            the parties hereto and their respective heirs, legal representatives
            and successors, any rights or remedies under or by reason of this
            Agreement.

      11.     HEADINGS.  The headings contained herein are for the sole purpose
            of convenience of reference, and shall not in any way limit or
            affect the meaning or interpretation of any of the terms or
            provisions of this Agreement.

      12.     SEVERABILITY. Any provision of this Agreement which is held by
            a court of competent jurisdiction to be prohibited or unenforceable
            in any jurisdiction(s) shall be, as to such jurisdiction(s),
            ineffective to the extent of such prohibition or unenforceability
            without invalidating the remaining provisions of this Agreement or
            affecting the validity or enforceability of such provision in any
            other jurisdiction.

      13.     JURISDICTION.  Each of the parties irrevocably agrees that any and
            all suits or proceedings based on or arising under this Agreement
            may be brought only in and shall be resolved in the federal or state
            courts located in the City of Los Angeles, California and consents
            to the jurisdiction of such courts for such purpose. Each of the
            parties irrevocably waives the defense of an inconvenient forum to
            the maintenance of such suit or proceeding in any such court. Each
            of the parties further agrees that service of process upon such
            party mailed by first class mail to the address set forth in Section
            9 shall be deemed in every respect effective service of process upon
            such party in any such suit or proceeding. Nothing herein shall
            affect the right of either party to serve process in any other
            manner permitted by law. Each of the parties agrees that a final
            non-appealable judgment in any such suit or proceeding shall be
            conclusive and may be enforced in other jurisdictions by suit on
            such judgment or in any other lawful manner.

      14.     ATTORNEYS' FEES AND DISBURSEMENTS. If any action at law or in
            equity is necessary to enforce or interpret the terms of this
            Agreement, the prevailing party or parties shall be entitled to
            receive from the other party or parties reasonable attorneys' fees
            and disbursements in addition to any other relief to which the
            prevailing party or parties may be entitled.

            [The balance of this page is intentionally left blank.]

                                      -11-

<PAGE>

        IN WITNESS WHEREOF, this Agreement has been executed and delivered by
the parties hereto as of the date first above written.

                            MEDICAL DISCOVERIES, INC.

                            By:_________________________________
                            Name: Judy M. Robinett
                            Its: President & CEO

                            HOLDERS:

                            MERCATOR MOMENTUM FUND, LP

                            By: Mercator Advisory Group, LLC
                            Its: General Partner

                            By:_________________________________
                            Name: David Firestone
                            Its: Managing Member

                            MERCATOR MOMENTUM FUND III, LP

                            By: Mercator Advisory Group, LLC
                            Its: General Partner

                            By:_________________________________
                            Name: David Firestone
                            Its: Managing Member

                            MERCATOR ADVISORY GROUP, LLC

                            By:_________________________________
                            Name: David Firestone
                            Its: Managing Member<PAGE>
                                                                    Exhibit 10.1

                                 [INTERMET LOGO]

                              5445 Corporate Drive
                            Troy, Michigan 48098-2683
                              Phone: (248) 952-2500
                               Fax: (248) 952-1512
                                www.intermet.com

                    Intermet Corporation Amended and Restated
                           Key Employee Retention Plan

                                                   Effective: September 20, 2004
                                                      Restated: December 8, 2004

<PAGE>

             INTERMET CORPORATION AMENDED AND RESTATED KEY EMPLOYEE
                                 RETENTION PLAN

1. PURPOSE AND EFFECTIVE DATE. This program, effective as of September 20, 2004
(the "Effective Date"), shall be known as the Intermet Corporation Amended and
Restated Key Employee Retention Plan ("Plan"). The Plan amends and restates the
Intermet Corporation Employee Retention Plan. The Plan is a discretionary
retention bonus program for the benefit of a select group of employees
("Participants") of Intermet Corporation and its subsidiaries ("Intermet") who
are selected for participation by Intermet's Board of Directors ("Board"). The
Plan also provides severance benefits for a select group of management or highly
compensated employees. This Plan is exempt from the application of the Employee
Retirement Income Security Act of 1974, as amended, by reason of Section 3 of
such Act.

2. DEFINITIONS. In this Plan, the following terms shall have the meanings
ascribed to them:

         a. "BASE SALARY" shall mean such Participant's annual base salary as in
effect on the Effective Date and with respect to any Participant who may be
added after the Effective Date, such Participant's annual base salary at the
date such Participant is added.

         b. "BOARD" shall mean the board of directors of Intermet Corporation or
a committee of such board authorized to act in the circumstances, including the
Compensation Committee of the Board, to which the Board has delegated authority
for the administration of this Plan.

         c. "CAUSE" shall mean (1) the Participant's committing any felony or
other crime involving dishonesty, (2) any serious misconduct in the course of
the Participant's employment or (3) the Participant's habitual neglect of the
Participant's duties (other than on the account of Disability), except that
Cause shall not mean (i) bad judgment or negligence except as constitutes other
than habitual neglect of duty, (ii) any act or omission believed by the
Participant in good faith to have been in or not opposed to the interest of
Intermet (without intent of the Participant to gain therefrom, directly or
indirectly, a profit to which the Participant was not legally entitled) or (iii)
any act or omission with respect to which a determination could properly have
been made that the Participant met the applicable standard of conduct for
indemnification or reimbursement under any applicable by-laws, any applicable
indemnification agreement or the laws and regulations under which Intermet is
governed, in each case in effect at the time of such act or omission. For
purposes of this Plan, in the event the definition of "Cause" contained in this
paragraph and in any employment agreement in effect between Intermet and a
Participant conflict, the definition contained in this paragraph shall control.

<PAGE>

         d. "CHANGE OF CONTROL" shall, for purposes of this Plan and as applied
to a Participant, have the same meaning as the term is defined in any employment
agreement existing between Intermet and the Participant.

         e. "DEBTORS" shall mean the Intermet entities which are "debtors" from
time to time under the Chapter 11 bankruptcy petition filed on September 29,
2004, as amended from time to time.

         f. "DISABILITY" shall mean any medically determinable physical or
mental impairment that can be expected to last for a continuous period of not
less than six months, and that renders the Participant unable to perform the
duties of his or her position with Intermet. The date of the determination of
Disability is the date on which the Participant is certified as having incurred
a Disability by a physician acceptable to Intermet. For purposes of this Plan,
in the event the definition of "Disability" contained in this paragraph and in
any employment agreement in effect between Intermet and a Participant conflict,
the definition contained in this paragraph shall control.

         g. "GOING CONCERN" means the continuation as a going concern of all or
any substantial portion of the North American assets and business of the
Debtors, taken as a whole, as determined in good faith by the Board.

         h. "GOOD REASON" with respect to any Participant shall mean the
occurrence of any one of the following events: (1) assignment to the Participant
of any duties materially inconsistent with the Participant's current position
(or such other position to which he or she may have been promoted), or any other
action that results in a material and adverse change in the Participant's
position, status, title or responsibilities, (2) the failure of Intermet to
assign this Plan to a successor of Intermet, (3) any reduction in the
Participant's annual base salary as in effect on the Effective Date or (4) any
change that would require the Participant's place of employment to be located
outside a radius of 50 miles of the Participant's current place of employment,
if, in the case of any such event described by clause (1) through (4), Intermet
fails to cure the event within 30 days after written notice to the Board from
the Participant; provided, however, that if the event is intentional, knowing or
repeated, the Participant shall not be required to provide written notice or an
opportunity to cure. For purposes of this Plan, in the event the definition of
"Good Reason" contained in this paragraph and in any employment agreement in
effect between Intermet and a Participant conflict, the definition in this
paragraph shall control. Consummation of a POR or consummation of a Sale do not
by themselves constitute Good Reason.

         i. "STAY BONUS" is an amount payable to a Participant in accordance
with the terms of this Plan.

---------
1 In addition to Intermet, the following entities also submitted the plan of
reorganization: Alexander City Casting Company, Inc., Cast-Matic Corporation,
Columbus Foundry, L.P., Diversified Diemakers, Inc., Ganton
<PAGE>

3. ELIGIBILITY AND PARTICIPATION. Eligibility and participation shall be in the
sole discretion of the Board, and Intermet will notify those employees selected
by the Board to participate in this Plan. Those persons selected by the Board
are listed on Appendix A hereto. The Participants are divided into four tiers,
based on their positions within Intermet and the potential Stay Bonus payable to
them as described in paragraph 4.

4. STAY BONUS. This Plan is designed to encourage Participants to remain with
Intermet and perform in a satisfactory manner during a prescribed period that
begins on the Effective Date and ends on December 31, 2005 (the "Stay Bonus
Period"). The maximum Stay Bonus payable to Participants who remain for the
entire Stay Bonus Period is a specified percentage of Base Salary, which differs
depending on the Tier in which the Participant participates. Except as otherwise
indicated in this Plan, the Stay Bonus is earned and payable based on
satisfactory service throughout the Stay Bonus Period.

         a. MAXIMUM STAY BONUS. The maximum Stay Bonus for each Tier is the
specified percentage of Base Salary (each an "Applicable Percentage") determined
below under Scenarios A, B, or C, as follows:

                  1) SCENARIO A. In the event a Plan of Reorganization of
         Intermet under Chapter 11 is consummated (including payment of the
         initial distributions pursuant thereto) that results in the
         continuation of the Debtors as a Going Concern (a "POR") on or before
         June 30, 2005, or a definitive agreement for the sale of the Debtors as
         a Going Concern is consummated on or before June 30, 2005 (a "Sale");

                  2) SCENARIO B. In the event a POR is consummated, or a Sale is
         consummated, after June 30, 2005 but on or before December 31, 2005;

                  3) SCENARIO C. In the event a POR is not consummated, or a
         definitive agreement with respect to a Sale is not consummated, on or
         before December 31, 2005.

<TABLE>
<CAPTION>

     Tier                    Scenario A                          Scenario B                     Scenario C
     ----
<S>                          <C>                                 <C>                            <C>

    Tier I                     93.75%                               75%                            75%
   Tier II                     93.75%                               75%                            75%
   Tier III                    62.50%                               50%                            50%
   Tier IV                     31.25%                               25%                            25%
</TABLE>

---------
Technologies, Inc., Intermet Holding Company, Intermet Illinois, Inc., Intermet
International, Inc., Intermet U.S. Holding, Inc., Ironton Iron, Inc., Lynchburg
Foundry Company, Northern Castings Corporation, Sudbury, Inc., SUDM, Inc., Tool
Products, Inc., Wagner Castings Company, and Wagner Havana, Inc.

<PAGE>

         b. SERVICE REQUIREMENTS. Except as otherwise specified in this Plan, if
the Participant remains employed by Intermet for the entire Stay Bonus Period
and continues to satisfy all of the conditions for participation, such
Participant shall receive a Stay Bonus which shall be equal to the product of
(i) the Applicable Percentage multiplied by such Participant's Base Salary and
(ii) a fraction, the numerator being the number of days worked by the
Participant between September 20, 2004 and December 31, 2005, and the
denominator being the total number of regularly scheduled work days from and
including September 20, 2004 through December 31, 2005 (the "Work Fraction").
For purposes of calculating the Work Fraction, sick, vacation, PTO, and other
authorized work absences shall be considered to be days worked.

         c. FORM AND TIME OF STAY BONUS PAYMENT. One third of the amount payable
under Scenario A or Scenario B shall be paid concurrently with consummation of a
POR or consummation of a Sale, as applicable; the remainder shall be paid
between January 1 and January 10, 2006. With respect to Participants in Tiers I
and II, one third of the amount payable under Scenario C shall be paid between
January 1 and January 10, 2006; the remainder shall be payable concurrently with
consummation of a POR or consummation of a Sale. With respect to Participants in
Tiers III and IV, the entire amount payable under Scenario C shall be paid
between January 1 and January 10, 2006. All payments shall be subject to payroll
taxes and other withholdings according to Intermet's (or the applicable employer
of record's) standard payroll practices.

         d. DISCRETIONARY PAYMENTS. The Board, in its sole discretion, reserves
the right to select additional Participants who are not participants in this
Plan as of the Effective Date in order to obtain or retain their services and
avoid the disruption and cost of attrition among employees with critical
knowledge or skills, subject to the provisions of paragraph 11 of this Plan.

5. TERMINATION OF PARTICIPATION

         a. EVENTS. A Participant's participation in this Plan shall
automatically terminate, without notice to or consent by such Participant, upon
the first to occur of either of the following events with respect to such
Participant:

         1)       termination of employment by Intermet for Cause, or

         2)       termination of employment by the Participant other than for
                  Good Reason.

         b. EFFECT OF TERMINATION FOR CAUSE OR RESIGNATION WITHOUT GOOD REASON.
In the event a Participant's employment is terminated by Intermet for Cause or a
Participant terminates his or her employment with Intermet other than for Good
Reason, the Participant shall forfeit his or her entire right to any remaining
payment under this Plan.

<PAGE>

         c. EFFECT OF OTHER EVENTS; PRO RATA PAYMENTS. A pro rata Stay Bonus
will be paid to the Participant, or to the Participant's estate or personal
representative, if the Participant's employment is terminated by Intermet other
than for Cause, if the Participant's employment is terminated by reason of death
or Disability or if the Participant terminates his employment with Intermet for
Good Reason. In any such case, the amount of the pro rata Stay Bonus payable to
the Participant shall be calculated as the product of (i) the Applicable
Percentage multiplied by (ii) the Participant's Base Salary multiplied by (iii)
the Work Fraction. Notwithstanding anything in this Plan to the contrary, if a
Participant earns the right to receive a pro rated Stay Bonus due to termination
of employment on or before June 30, 2005, the amount and timing of the payment
shall be made as if the events described in Scenario B occurred. For purposes of
clarification, in the event the employment of a Participant is terminated after
Scenario A has occurred, the remaining two-thirds of any applicable stay bonus
shall be prorated based on the Work Fraction set forth above. In addition,
Intermet, acting through the Board, may review the payment to a Participant
whose employment terminates due to death or Disability and, in its discretion,
may award a full (rather than pro rata) Stay Bonus payment to such Participant
giving consideration to the value contributed both before and during the Stay
Bonus Period.

6. SEVERANCE BENEFITS. All Plan participants are eligible to receive severance
benefits if their employment is terminated by Intermet or any entity which is
the buyer or successor to all or any substantial portion of the business of
Intermet on or before December 31, 2006 except a severance benefit shall not be
paid (i) if the termination is for Cause, (ii) if the Participant terminates his
or her employment without Good Reason, (iii) upon the Participant's death or
Disability, or (iv) the Participant is re-employed by a buyer which purchases
all or any substantial portion of the assets or business of Intermet and which
provides employment terms substantially similar to those provided to the
Participant prior to the effective date of the Plan.

         a. AMOUNT OF SEVERANCE. The amount of the severance benefit payable to
an eligible Participant shall be determined as follows:

<TABLE>
<CAPTION>

                  TIER                         PERCENTAGE OF BASE SALARY
               <S>               <C>
                   I                         100% (200% for Dr. Gary Ruff)
                   II                                     50%
               III and IV        In accordance with the Intermet Corporation Salaried
                                 Employees Severance Plan ("Existing Plan") effective
                                                    October 1, 1993
</TABLE>

         b. EFFECT ON EXISTING EMPLOYMENT AGREEMENTS. Any severance payment made
pursuant to the Plan shall be deemed to be in satisfaction and in discharge of
the severance obligations Intermet has under any employment agreement existing
between Intermet and a
<PAGE>

Participant. If a severance payment would be required under the terms of both
the Plan and any employment agreement existing between a Participant and
Intermet, payment shall be made under the terms of the Plan and not under the
employment agreement in case of (i) termination without Cause, (ii) termination
for Good Reason or (iii) termination following a Change of Control. Under
circumstances that would require payment to be made under the terms of both the
Plan and an employment agreement, payment will be made under the terms of the
Plan.

         c. FORM AND TIME OF SEVERANCE PAYMENT. The severance benefit payable to
a Participant under this Section 6 shall be paid in equal monthly installments
according to the following schedule

<TABLE>
<CAPTION>

                  TIER                            NUMBER OF PAYMENTS
<S>                                           <C>
                   I                           12 (24 for Dr. Gary Ruff)
                   II                                      6
               III and IV                          Lump Sum Payments
</TABLE>

7. MITIGATION. The severance benefits payable to Tier I and Tier II Participants
shall be reduced on a dollar for dollar basis(but not less than zero) by any
compensation received from any subsequent employer during the second half of the
period referenced in Section 6. c. above for Tiers I and II only. No offset
shall be made during the first half of such period. Participants shall be under
no duty to seek or obtain subsequent employment following their termination of
employment from Intermet.

8. EMPLOYEE BENEFITS. Except as otherwise provided by federal law and the terms
of any Intermet employee benefit plan, all employee benefits to which
Participants were entitled to receive prior to their termination of employment
shall continue during the period that severance payments are due, However,
should the Participant obtain new employment providing substantially similar
benefits to the one provided by Intermet, Intermet's obligation to continue
these benefits shall cease.

9. BINDING AUTHORITY. Subject to the review and approval of the Board provided
herein, the decisions of Intermet shall be final and conclusive for all purposes
of this Plan and shall not be subject to any appeal or review.

10. SOURCE OF PAYMENTS. All Stay Bonus and severance payments will be paid in
cash from the general funds of Intermet, except that any resident of Europe
earning a Stay Bonus or severance payment shall be paid by the European
subsidiary of Intermet employing such person and not from any funds of the
Debtors. No separate fund will be set aside for any payments under this Plan.

11. AMENDMENT. This Plan may be amended by the Board at any time and without
notice to or the consent of Participants if and so long as the rights and
benefits of the Participants are not materially and adversely affected by such
amendment. No Plan amendment may be adopted which would increase the aggregate
amount that may be payable to all Plan
<PAGE>

participants under the terms of the Plan as of the effective date by more than
$250,000 without Bankruptcy Court approval. Subject to this dollar limit and the
other terms of this Plan, the Chairman of the Corporation or the Compensation
Committee may designate additional participants in the Plan or may move
participants from one Tier to another Tier.

12. SEVERABILITY. If any term or condition of this Plan shall be invalid or
unenforceable, the remainder of this Plan shall not be affected thereby and
shall continue in effect and application to the full extent permitted by law.

13. NO EMPLOYMENT RIGHTS. Neither the establishment nor the terms of this Plan
shall be held or construed to confer upon any employee the right to a
continuation of employment by Intermet, nor constitute a contract of employment,
express or implied. Subject to any applicable employment agreement, Intermet
reserves the right to dismiss or otherwise deal with any employee, including the
Participants, to the same extent as though this Plan had not been adopted.
Nothing in this Plan is intended to alter the "at-will" status of Participants,
it being understood that, except to the extent otherwise expressly set forth to
the contrary in a written employment agreement, the employment of any
Participant can be terminated at any time by either Intermet or the employee
with or without notice, with or without cause.

14. TRANSFERABILITY OF RIGHTS. Intermet shall have the right to transfer its
obligations under this Plan, with respect to one or more Participants, to any
person, including any purchaser of all or any part of Intermet's business. No
Participant or spouse shall have any right to commute, encumber, transfer or
otherwise dispose of or alienate any present or future right or expectancy that
the Participant may have at any time to receive payments of benefits hereunder,
which benefits and the rights thereto are expressly declared to be
non-assignable and nontransferable, except to the extent required by law. Any
attempt by a Participant to transfer or assign a benefit or any rights granted
hereunder shall (after consideration of such facts as Intermet deems pertinent)
be grounds for terminating any rights of the Participant to any portion of this
Plan's benefits not previously paid.

15. EXTENSION OF PLAN. Intermet, in the discretion of the Board, reserves the
right to extend the terms of this Plan for such additional periods as it deems
necessary to those members of its workforce that it deems necessary, subject to
Bankruptcy Court approval. The terms and conditions under which additional Stay
Bonuses or severance benefits may be awarded shall be determined, if at all,
upon this Plan's extension.

16. GOVERNING LAW. This Plan shall be construed, administered and enforced
according to the laws of the State of Michigan (without giving effect to
principles of conflicts of laws).

17. PLAN ADMINISTRATION. The Compensation Committee of the Intermet Board of
Directors shall be responsible for the general administration of the Plan and
for interpreting all provisions of the Plan.
<PAGE>

                  In Witness Whereof, this Plan has been adopted by Intermet
Corporation as of the Effective Date pursuant to authority granted by the Board.
It is not effective until it has been approved by the U.S. Bankruptcy Court.

                                   INTERMET CORPORATION

                                   By: /s/  Gary F. Ruff
                                       ------------------------------------
                                            Gary F. Ruff
                                            Chairman and Chief Executive Officer

                                   By: /s/  Richard A. Nawrocki
                                       ------------------------------------
                                            Richard A. Nawrocki
                                            Lead Director

<PAGE>

                                   APPENDIX A

<TABLE>
<CAPTION>

               SUMMARY                PERCENTAGE      DOLLAR VALUE        PERCENTAGE        DOLLAR VALUE
                                     SCENARIO B,C     SCENARIO B,C        SCENARIO A         SCENARIO A
<S>                                  <C>              <C>                 <C>               <C>
      TIER ONE BONUS POTENTIAL           75%           $1,495,008           93.75%           $1,868,760

      TIER TWO BONUS POTENTIAL           75%            $506,250            93.75%            $632,813

     TIER THREE BONUS POTENTIAL          50%           $2,451,679           62.50%           $3,064,599

     TIER FOUR BONUS POTENTIAL           25%            $723,314            31.25%            $904,143

                TOTAL                                  $5,176,251                            $6,470,315
</TABLE>

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