Document:

<PAGE>

                    EMPLOYMENT AND NON-COMPETITION AGREEMENT

         THIS EMPLOYMENT AND NON-COMPETITION AGREEMENT, is entered into as of
this 15th day of September, 1999 by and between Integrated Technology USA, Inc.
(the "Company"), a Delaware corporation c/o Madison Partners, 444 Madison
Avenue, 38th Floor, New York, New York 10022, and Harvey Wrubel residing at 670
South Forest Drive, Teaneck, New Jersey 07666 (the "Executive").

                              W I T N E S S E T H:
                              - - - - - - - - - -

         WHEREAS, Empire Resources, Inc. ("ERI") and the Company are merging
(the "Merger");

         WHEREAS, the Executive is currently employed by ERI;

         WHEREAS, the Company desires to employ the Executive and the Executive
desires to be employed by the Company effective upon the consummation of the
Merger; and

         WHEREAS, the Company and the Executive desire to set forth the terms
and conditions of such employment.

         NOW THEREFORE, in consideration of the premises and mutual covenants
contained herein and for other good and valuable consideration, the adequacy and
receipt of which is hereby acknowledged, the parties hereto agree as follows:

         1. Term of Employment. The Company hereby agrees to employ the
Executive and the Executive hereby accepts employment, in accordance with the
terms and conditions set forth herein, for a term (the "Employment Term")
commencing on the effective date of the Merger (the "Effective Date") and
terminating, unless otherwise terminated earlier in accordance with Section 5
hereof, on December 31, 2002 (the "Original Employment Term"), provided that the
Employment Term shall be automatically extended, subject to earlier termination
as provided in Section 5 hereof, for successive additional two (2) year periods
(the "Additional Terms"), unless, at least ninety (90) days prior to the end of
the Original Employment Term or the then Additional Term, the Company or the
Executive has notified the other in writing that the Employment Term shall
terminate at the end of the then current term.

         2. Position and Responsibilities. During the Employment Term, the
Executive shall serve as an executive officer of the Company with the initial
title of Vice President of Sales of the Company and the Executive shall report
to the Chief Executive Officer of the Company. The Executive shall perform such
services consistent with his position as may be assigned to him from time to
time by the Chief Executive Officer of the Company. The Executive shall devote
substantially all of his business time, attention and energies to the
performance of his duties hereunder, provided that the foregoing shall not
prevent the Executive from participating in

<PAGE>

charitable, community or industry affairs and from managing his and his family's
passive personal investments to the extent such activities do not interfere with
the performance of his duties hereunder.

         3. Compensation and Benefits. During the Employment Term, the Company
shall pay and provide the Executive the following:

                  3.1 Base Salary. The Company shall pay the Executive a base
salary (the "Base Salary") at an annual rate of not less than Two Hundred Three
Thousand Dollars ($203,000) per year in accordance with the Company's normal
payroll practices for executives. Base Salary shall be subject to annual review
by the Board of Directors of the Company (the "Board"), or a duly authorized
committee thereof, for increase (but not decrease) in January of each year,
commencing in January, 2000, provided that in each such January the Base Salary
shall be increased by an amount necessary to adjust for any increase in the cost
of living during the twelve (12) month period ending during the prior November
based on the Consumer Price Index for Urban Wage Earners and Clerical Workers
(CPI-W) selected areas (NY-NJ-CT), all items index published by the Bureau of
Labor Statistics of the United States Department of Labor. Once increased, Base
Salary shall not be reduced and shall thereafter, as increased, shall be the
Base Salary hereunder.

                  3.2 Commissions. The Company shall pay the Executive an annual
commission (the "Annual Commission") for each fiscal year ending during the
Employment Term, commencing with the fiscal year commencing on January 1, 1999,
equal to ten percent (10%) of the Margin (as defined below) during each such
fiscal year. Each Annual Commission shall be paid in a single cash lump sum
after the end of each fiscal year based on the Company's actual receipts during
such year. "Margin" shall mean, for each fiscal year, the net paid revenues
(after deduction of duty and shipping) received during such fiscal year from all
sales directly and solely made by the Executive reduced by all costs directly
attributable to such sales (including, but not limited to, cost of materials,
finance charges in accordance with the Company's policy in effect from time to
time, storage charges and fees to third parties), provided that Margin shall be
determined without regard to the cost of the Annual Commissions. The Annual
Commission payments will be based solely on the Company's actual cash receipts
(rather than receivables) for each fiscal year and direct costs shall be first
attributed to any amounts from sales revenues received in installments. Any
refunds, chargebacks, increases and similar adjustments for amounts received in
prior fiscal years shall be adjusted in the next Annual Commission or, if none,
refunded by or paid to the Executive, as appropriate. Not more than thirty (30)
days after the end of each fiscal year, the Executive shall submit to the
Company a written summary of his calculation of the Margin and Annual Commission
payable with respect to such fiscal year (together with supporting quantitative
date and the methods used to make such calculations). The Company shall have
twenty (20) days to review such calculations. In the event that the Company does
not agree with the Executive's calculation of the Margin or Annual Commission,
the Company will provide the Executive with written notice specifying the
details of such dispute within such twenty (20) day period. If the parties
cannot resolve the dispute within ten (10) days,

                                        2

<PAGE>

the Margin and the Annual Commission shall be referred to the Company's
independent certified public accountants, or such other party as mutually agreed
by the parties hereto, for determination (the "Accountants"). The Company shall
provide the Executive with a copy of the Accountants' determination (together
with supporting quantitative data and the methods used to make such
calculations). The Accountants' determination shall be final, binding and
conclusive on the parties hereto. The Accountants' shall have thirty (30) days
to perform such calculations and such calculations shall delay the payment date
with regard to amounts in question, but not other amounts. All amounts shall be
paid within ten (10) days of the determination (as set forth above) that such
amounts are due. The Company may, in its sole discretion and without liability
for lost Annual Commissions, reject sales or other transactions, compromise or
settle amounts due, make refunds or not pursue collections. In no event shall
the Executive be entitled to receive any Annual Commission with regard to any
sales made after his date of termination.

                  3.3 Employee Benefits. The Executive shall, to the extent
eligible, be entitled to participate at a level commensurate with his position
in all employee benefit, welfare, retirement, savings, stock option and
incentive plans and programs generally provided by the Company to its senior
executives from time to time.

                  3.4 Vacation. The Executive shall be entitled to paid vacation
in accordance with the standard written policies of the Company with regard to
vacations of executives, but in no event less than three (3) weeks per calendar
year (with proration for partial years). Unused vacation shall not accrue from
year to year nor be paid for.

         4. Expenses. In accordance with its policies in effect from time to
time, upon submission of appropriate documentation, the Company shall pay, or
reimburse, the Executive for ordinary and necessary business expenses within
such policy which the Executive incurs in connection with the performance of his
duties hereunder.

         5. Termination of Employment and the Employment Term. The Executive's
employment with the Company and the Employment Term shall terminate upon the
occurrence of the first of the following events:

                  5.1 Death. Automatically on the date of the Executive's death.

                  5.2 Termination By the Company for Cause. Immediately upon
written notice by the Company to the Executive of a termination for Cause.
"Cause" shall mean: (i) the Executive's commission of, or indictment for (A) a
felony, or (B) any misdemeanor involving theft, fraud or moral turpitude; (ii)
the Executive's failure to reasonably promptly follow the legal written
direction of the Chief Executive Officer of the Company with regard to matters
commensurate with his position; (iii) theft, dishonesty, fraud or breach of
fiduciary duty by the Executive with regard to the Company; (iv) willful
misconduct or gross negligence by the Executive with regard to the Company, its
business, assets or employees; (v) any material breach by the Executive of this
Agreement that is not cured by the Executive within twenty (20) days

                                        3

<PAGE>

after receipt by the Executive of a written notice from the Company specifying
the details thereof; (vi) the Executive's failure to attempt to perform his
duties hereunder which is not remedied within five (5) days after receipt by the
Executive of a written notice from the Company specifying the details thereof;
(vii) the Executive's Material Unsatisfactory Performance (as defined below); or
(viii) the Executive's inability due to injury, illness, disease or bodily or
mental infirmity, to perform his material duties hereunder for a period of more
than one hundred twenty (120) days during any three hundred sixty-five (365)
consecutive day period. Reference in this Section 5.2 to the Company shall also
include direct and indirect subsidiaries of the Company. Material Unsatisfactory
Performance shall mean that, with regard to any fiscal year, the Margin
(determined in accordance with Section 3.2 above) in such fiscal year is less
than $500,000 (prorated for any short fiscal year). For purposes of this Section
5.2, a "sale" shall be deemed made at the earliest of (i) when an order is
formally confirmed or otherwise accepted in writing by the Company, (ii) when an
order number is issued, or (iii) when actions are initially taken by the Company
to fill the order.

                  5.3 Termination By the Company without Cause. Upon written
notice by the Company to the Executive of a termination without Cause.

         6. Consequences of a Termination of Employment.

                  6.1 Termination due to Death. If the Employment Term
terminates on account of the Executive's death, (i) the Executive's estate shall
be entitled to: (x) prompt payment of any unpaid Base Salary and any accrued
vacation, and (y) reimbursement for any unreimbursed business expenses, and (ii)
any amounts or benefits due under any benefit plan, grant or program (including,
but not limited to, group health and life insurance arrangements in which the
Executive participates) shall be paid in accordance with the terms of said plan,
grant or program (collectively, the "Accrued Obligations"). In addition, in the
event of the termination of the Executive's employment on account of his death,
the Executive's estate shall be entitled to payment of any unpaid Annual
Commissions on sales occurring on or prior to the date of the Executive's
termination of employment.

                  6.2 Termination by the Company for Cause or Voluntary
Termination by the Executive. If the Executive is terminated by the Company for
Cause or the Executive terminates his employment in breach of this Agreement,
the Executive shall be entitled to receive any Accrued Obligations and payment
of any unpaid Annual Commissions on sales occurring on or prior to the
Executive's date of termination in full settlement of all amounts owed him. In
the event the Executive terminates his employment in breach of this Agreement,
the Company hereby reserves all rights which it has at law arising in connection
with such breach (without limitation of its rights under Section 7.6 below).

                  6.3 Termination by the Company without Cause. If the Executive
is terminated by the Company without Cause, the Executive shall, subject to
cutoff in accordance with Section 7.6 below, be entitled to receive in full
settlement of all amounts owed to him,

                                        4

<PAGE>

provided he delivers to the Company a release of all claims relating to his
employment and the termination thereof (other than those specifically payable
hereunder and any rights of indemnification under the Company's organizational
documents) running to the Company, its subsidiaries and related entities and
their respective past or present officers, directors and employees in such form
as requested by the Company, the following:

         (a)      Any Accrued Obligations;

         (b)      Payment of any unpaid Annual Commissions on sales occurring on
                  or prior to the date of the Executive's termination of
                  employment; and

         (c)      Continued payment on a monthly basis of the Executive's then
                  current monthly Base Salary (without future increase) for the
                  number of months then remaining in the Employment Term.

                  6.4 Sales after a Termination of Employment. Notwithstanding
anything herein to the contrary, in no event shall the Executive be entitled to
receive Annual Commissions under this Agreement or otherwise be compensated for
sales occurring following his date of termination.

         7. Non-Competition, Non-Solicitation, Confidentiality, Return of
Property.

                  7.1 Non-Competition. During the Employment Term and the twelve
(12) month period thereafter or, if longer, the period during which the
Executive is receiving severance payments pursuant to Section 6.3(b) above, the
Executive shall not be engaged as, or be, an employee, director, partner,
principal, shareholder, advisor, in any other business, activity or conduct
which competes with the business of the Company, provided that, with regard to
the period after the Executive's termination of employment, the foregoing shall
only apply to competition with regard to aluminum and such other commodities as
were being sold by the Company within six (6) months prior to the date of
termination. Notwithstanding the foregoing, competition shall not include
holding five percent (5%) or less of an interest in the equity or debt of any
publicly traded company. For purposes of this Section 7, "Company" shall mean
the Company and its subsidiaries and affiliates.

                  7.2 Non-Solicitation. During the Employment Term and the
eighteen (18) month period thereafter or, if longer, the period during which the
Executive is receiving severance payments pursuant to Section 6.3(b) above, the
Executive shall not, directly or indirectly (i) solicit any customer, client,
supplier, or middleman of the Company or induce any customer, client, supplier,
or middleman of the Company to terminate, or otherwise to cease, reduce, or
diminish in any way its relationship with the Company, provided that, with
regard to the period after the Executive's termination of employment, the
foregoing shall only apply to solicitation or inducement involving aluminum and
such other commodities as were being sold by the Company within six (6) months
prior to the date of termination so long as the Executive is

                                        5

<PAGE>

not in violation of his obligations under Section 7.3 below, or (ii) solicit or
induce, or attempt to solicit or induce, any non-clerical employees, sales
representatives, agents, consultants, of the Company to terminate such person's
employment, representation or other association with the Company.

                  7.3 Confidentiality. The Executive specifically acknowledges
that any trade secrets or confidential business and technical information of the
Company or its vendors, suppliers or customers, whether reduced to writing,
maintained on any form of electronic media, or maintained in mind or memory and
whether compiled by the Executive or the Company (collectively, "Confidential
Information"), derives independent economic value from not being readily known
to or ascertainable by proper means by others; that reasonable efforts have been
made by the Company to maintain the secrecy of such information; that such
information is the sole property of the Company or its vendors, suppliers, or
customers and that any retention, use or disclosure of such information by the
Executive during the Employment Term (except in the course of performing duties
and obligations of employment with the Company) or any time after termination
thereof, shall constitute misappropriation of the trade secrets of the Company
or its vendors, suppliers, or customers, provided that Confidential Information
shall not include: (i) information that is at the time of disclosure public
knowledge or generally known within the industry; (ii) information deemed in
good faith by the Executive, while employed by the Company, desirable to
disclose in the course of performing the Executive's duties; (iii) information
the disclosure of which the Executive in good faith deems necessary in defense
of the Executive's rights provided such disclosure by the Executive is limited
to only disclose as necessary for such purpose; or (iv) information disclosed by
the Executive to comply with a court, or other lawful compulsory, order
compelling him to do so, provided the Executive gives the Company prompt notice
of the receipt of such order and the disclosure by the Executive is limited to
only disclosure necessary for such purpose.

                  7.4 Return of Property. Upon the termination of the
Executive's employment or at any other time upon written request by the Company,
the Executive shall promptly deliver to the Company all records, files,
memoranda, designs, data, reports, drawings, plans, computer programs, software
and other documents (and all copies or reproductions of such materials in his
possession or control) belonging to the Company. Notwithstanding the foregoing,
the Executive may retain his rolodex and similar phone directories
(collectively, the "Rolodex") to the extent the Rolodex does not contain
information other than name, address, telephone number and similar information.

                  7.5 Scope of Restrictions. If, at the time of enforcement of
this Section 7, a court holds that the restrictions stated herein are
unreasonable under circumstances then existing, the parties hereto agree that
the maximum period, scope or geographical area reasonable under such
circumstances shall be substituted for the stated period, scope or area and that
the court shall be allowed to revise the restrictions contained herein to cover
the maximum period, scope and area permitted by law.

                                        6

<PAGE>

                  7.6 Remedies. In the event of a material breach or threatened
material breach of this Section 7, the Company, in addition to its other
remedies at law or in equity, shall be entitled to injunctive or other equitable
relief in order to enforce or prevent any violations of the provisions of this
Section 7. In the event the Executive breaches his covenants under Section 7.1
or Section 7.2 above, the Company may immediately cease payment to the Executive
of all future amounts due under Sections 6.3(b) and (c) above.

         8. Assignment. This Agreement may be assigned by the Company only with
all or substantially all of the assets of the Company or the portion of the
Company with which the Executive is primarily employed. This Agreement is not
assignable by the Executive. This Agreement shall inure to the benefit of and be
enforceable by the parties' representatives, executors, and administrators,
successors, permitted assigns, heirs, distributees, devisees, and legatees. If
the Executive should die after a termination while any amounts payable to the
Executive hereunder remain outstanding, all such amounts, unless otherwise
provided herein, shall be paid to the Executive's devisee, legatee, or other
designee or, in the absence of such designee, to the Executive's estate.

         9. Arbitration. All disputes and controversies arising under or in
connection with this Agreement, other than the seeking of injunctive or other
equitable relief pursuant to Section 7 hereof, shall be settled exclusively by
arbitration in New York City, New York, or such other location agreed by the
parties hereto, in accordance with the rules for expedited resolution of
commercial disputes of the American Arbitration Association ("AAA") then in
effect. The determination of the arbitrators shall be final and binding on the
parties. Judgment may be entered on the award of the arbitrator in any court
having proper jurisdiction. All expenses of the AAA and the arbitrator shall be
borne as determined by the arbitrator.

         10. Miscellaneous.

                  10.1 Entire Agreement. This Agreement supersedes any and all
prior agreements or understandings, oral or written, between the parties hereto
with respect to the subject matter hereof.

                  10.2 Modification. This Agreement shall not be varied,
altered, modified, canceled, changed, or in any way amended, nor any provision
hereof waived, except by mutual agreement of the parties in a written instrument
executed by the parties hereto or their legal representatives.

                  10.3 Notices. All notices hereunder shall be in writing and
shall be deemed to have been duly given when delivered by hand, or one (1) day
after sending by express mail or other "overnight mail service," or three (3)
days after sending by certified or registered mail, postage prepaid, return
receipt requested. Notice shall be sent as follows: if to the Executive, to the
address as listed in the Company's records with a copy to Cheryl V. Reicin,
Esq., McDermott, Will & Emory, 50 Rockefeller Plaza, New York, New York 10020,
and if to the Company, to the

                                        7

<PAGE>

address set forth on the first page of this Agreement, attention of the Chief
Executive Officer with a copy to the Company's General Counsel. Either party may
change the notice address by notice given as aforesaid.

                  10.4 Severability. In the event that any provision or portion
of this Agreement shall be determined to be invalid or unenforceable for any
reason, the remaining provisions of this Agreement shall be unaffected thereby
and shall remain in full force and effect.

                  10.5 Counterparts. This Agreement may be executed in two (2)
or more counterparts, each of which shall be deemed to be an original, but all
of which together will constitute one and the same Agreement.

                  10.6 Tax Withholding. The Company may withhold from any
benefits payable under this Agreement or otherwise all federal, state, city, or
other taxes as may be required pursuant to any law or governmental regulation or
ruling.

                  10.7 Governing Law. The provisions of this Agreement shall be
construed and enforced in accordance with the laws of the state of Delaware,
without regard to any otherwise applicable principles of conflicts of laws.

         IN WITNESS WHEREOF, the Executive and the Company have executed this
Agreement as of the day and year first above written.

                                        INTEGRATED TECHNOLOGY USA, INC.

                                        By: /s/ William Spier
                                           ----------------------------------
                                             Name:  William Spier
                                             Title:

                                        /s/ Harvey Wrubel
                                        -------------------------------------
                                        Harvey Wrubel

                                        8<PAGE>

                           RESTRICTED STOCK AGREEMENT

         THIS RESTRICTED STOCK AGREEMENT, made as of the 14TH day of September,
1999 (the "Grant Date"), by and between Nathan Kahn, as tenant-in-common, Sandra
Kahn, as tenant-in-common, each c/o Empire Resources, Inc., One Parker Plaza,
Fort Lee, New Jersey 07024 (collectively, the "Kahns"), Empire Resources, Inc.,
a Delaware corporation (the "Company"), and Harvey Wrubel residing at 670 South
Forest Drive, Teaneck, New Jersey 07666 (the "Executive").

                              W I T N E S S E T H:
                              - - - - - - - - - -

         WHEREAS, the Kahns desire to transfer to the Executive shares of the
Company's common stock, without par value (the "Common Stock"), subject to
certain restrictions set forth herein in order to provide additional incentives
to the Executive and to further the identity of interests of the Executive and
the Company's stockholders through opportunities for stock ownership by the
Executive.

         NOW THEREFORE, the parties hereto agree as follows:

         1. Grant of Restricted Stock. Subject to the restrictions, terms and
conditions of this Agreement, the Kahns, as tenants-in-common, hereby transfer
to the Executive one-half of a share (.5 shares) of Common Stock (the "Shares").
Pursuant to Section 3 hereof, the Shares are subject to certain vesting
restrictions, which restrictions shall expire at various times with regard to
portions of the Shares. While such restrictions are in effect, the Shares
subject to such restrictions shall be referred to herein as the "Restricted
Stock."

         2. Restrictions on Transfer. The Executive shall not sell, transfer,
pledge, hypothecate, assign or otherwise encumber or dispose of the Shares,
except as set forth in this Agreement. Any attempted sale, transfer, pledge,
hypothecation, assignment or other disposition of the Shares in violation of
this Agreement shall be void and of no effect and the Company shall disregard
the same on its books and records and issue "stop transfer" instructions to its
transfer agent.

         3. Restricted Stock.

                  3.1 Retention of Certificates. Promptly after the date of this
Agreement, the Company shall issue stock certificates representing the
Restricted Stock. The stock certificates shall be registered in the Executive's
name and shall bear the legend required pursuant to Section 4 hereof. Such stock
certificates shall be held in custody by the Company until the restrictions
thereon shall have lapsed. The Executive shall have delivered to the Company a
duly signed stock power, endorsed in blank, relating to the Restricted Stock. In
the event the Executive receives a stock dividend on the Restricted Stock or the
Restricted Stock is split or the Executive receives any other shares,
securities, moneys or property representing a dividend on the Restricted Stock
(other than regular cash dividends on and after the date of this Agreement) or
representing a distribution or return of capital upon or in respect of the
Restricted Stock or any

<PAGE>

part thereof, or resulting from a split-up, reclassification or other like
changes of the Restricted Stock, or otherwise received in exchange therefor, and
any warrants, rights or options issued to the Executive in respect of the
Restricted Stock (collectively "RS Property"), the Executive will also
immediately deposit with and deliver to the Company (or its designated agent)
any of such RS Property, including any certificates representing shares duly
endorsed in blank or accompanied by stock powers duly executed in blank, and
such RS Property shall be subject to the same restrictions, including that of
this Section 3.1, as the Restricted Stock with regard to which they are issued
and shall herein, except where the context otherwise requires, be encompassed
within the term "Restricted Stock."

                  3.2 Rights with Regard to Restricted Stock. Upon delivery to
the Executive, the Restricted Stock will constitute issued and outstanding
shares of Common Stock for all corporate purposes. From and after the date of
transfer, the Executive will have the right to vote the Restricted Stock, to
receive and retain all regular cash dividends payable to holders of Common Stock
of record on and after the transfer of the Restricted Stock, and to exercise all
other rights, powers and privileges of a holder of Common Stock with respect to
the Restricted Stock, with the exceptions that (i) the Executive will not be
entitled to delivery of the stock certificate or certificates representing the
Restricted Stock until the period during which such Restricted Stock is subject
to the restrictions set forth in Section 2 hereof (the "Restriction Period") has
expired and unless all other vesting requirements with respect thereto shall
have been fulfilled, (ii) the Company will retain custody of the stock
certificate or certificates representing the Restricted Stock and the other RS
Property during the Restriction Period, (iii) no RS Property shall bear interest
or be segregated in separate accounts during the Restriction Period, and (iv)
the Executive may not sell, assign, transfer, pledge, exchange, encumber or
dispose of the Restricted Stock during the Restriction Period. Notwithstanding
the foregoing, if there is a tender offer with respect to the Common Stock, the
Executive may tender his shares of Restricted Stock, but such Restricted Stock
shall upon tender remain subject to the restrictions set forth in Sections
3.3(a) and 3.3(b) below to the extent that such restrictions continue to apply
subsequent to the consummation of such tender offer.

                  3.3 Vesting. (a) Except as provided in Section 3.3(b) below,
the Restricted Stock shall become vested and cease to be Restricted Stock (but
shall remain subject to the other terms of this Agreement) on each of the
following dates (each, a "Vesting Date") as follows if the Executive has been
continuously employed by the Company until such date:

On the first anniversary of the Grant Date                  33.33% of the Shares

On the second anniversary of the Grant Date                 33.33% of the Shares

On the third anniversary of the Grant Date                  33.34% of the Shares

                  There shall be no proportionate or partial vesting in the
periods prior to the applicable Vesting Date and all vesting shall occur only on
the appropriate Vesting Date, provided that, if the Executive's employment with
the Company is terminated by the Company without Cause (as defined in the
proposed employment agreement by and between the Executive and Integrated
Technology USA, Inc. ("ITI") (the "Employment Agreement")) or if there is a

                                        2

<PAGE>

Change in Control of the Company (as defined in Exhibit A hereto) prior to the
Executive's termination of employment, then, subject to Section 3.3(b) below,
any unvested shares of Restricted Stock shall immediately fully vest. When any
Restricted Stock becomes vested, the Company shall promptly issue and deliver to
the Executive a new stock certificate registered in the name of the Executive
for such Shares without the legend set forth in Section 4(a) hereof and shall
promptly deliver to the Executive any related RS Property.

                  (b) .118182 shares of Restricted Stock that would otherwise
become vested on each Vesting Date pursuant to Section 3.3(a) above (the
"Contingent Shares") shall not vest and shall not cease to be Restricted Stock
hereunder unless the Company's Cumulative After-Tax Income Targets set forth on
Exhibit B hereto (the "Targets") are attained in accordance with the terms and
conditions set forth therein. The Contingent Shares shall only vest on the later
of the attainment of (i) the applicable Targets or (ii) the appropriate Vesting
Date (or upon a Change in Control or termination by the Company without Cause)
in accordance with Section 3(a) above. In the event that only some of the
Contingent Shares vest as a result of the attainment of the Targets, the amount
shall be proportionately allocated to each Vesting Date. Upon the attainment of
the Targets (but solely to the extent of such attainment), the Contingent Shares
shall cease to be subject to the restrictions of this Section 3(b). When any
Contingent Shares become fully vested in accordance with this Section 3(b) and
Section 3(a) above, the Company shall promptly issue and deliver to the
Executive a new stock certificate registered in the name of the Executive for
such Shares without the legend in Section 4(a) hereof and shall promptly deliver
to the Executive any related RS Property.

                  3.4 Surrender. In the event that the employment of the
Executive with the Company is terminated by the Company for Cause or the
Executive terminates employment with the Company for any reason, the Executive
shall forfeit to the Kahns, without compensation, all then unvested shares of
Restricted Stock and RS Property (but no vested portion of the Restricted Stock
or RS Property).

                  3.5 Adjustments. This award of Restricted Stock shall not
affect in any way the right or power of the Board of Directors or stockholders
of the Company to make or authorize an adjustment, recapitalization or other
change in the capital structure or the business of the Company, any merger or
consolidation of the Company or subsidiaries, any issue of bonds, debentures,
preferred or prior preference stock ahead of or affecting the Common Stock, the
dissolution or liquidation of the Company or subsidiaries, any sale or transfer
of all or part of its assets or business or any other corporate act or
proceeding.

                  3.6 Withholding. The Executive agrees that, subject to
subsection 3.7 below,

                           (a) No later than the date on which any Restricted
Stock shall have become vested, the Executive will pay to the Company, or make
arrangements satisfactory to the Company regarding payment of any federal, state
or local taxes of any kind required by law to be withheld with respect to any
Restricted Stock which shall have become so vested; and

                                        3

<PAGE>

                           (b) The Company shall, to the extent permitted by
law, have the right to deduct from any payment of any kind otherwise due to the
Executive any federal, state or local taxes of any kind required by law to be
withheld with respect to any Restricted Stock which shall have become so vested.

                  3.7 Section 83(b). If the Executive properly elects (as
permitted by Section 83(b) of the Internal Revenue Code of 1986, as amended (the
"Code")) within thirty (30) days after the transfer of the Restricted Stock to
include in gross income for federal income tax purposes in the year of issuance
the fair market value of such Restricted Stock, the Executive shall pay to the
Company or make arrangements satisfactory to the Company to pay to the Company
upon such election, any federal, state or local taxes required to be withheld
with respect to such Restricted Stock. If the Executive shall fail to make such
payment, the Company shall, to the extent permitted by law, have the right to
deduct from any payment of any kind otherwise due to the Executive any federal,
state or local taxes of any kind required by law to be withheld with respect to
such Restricted Stock.

                  3.8 Special Incentive Compensation. The Executive agrees that
the award of the Restricted Stock hereunder is special incentive compensation
and that it, any dividends paid thereon (even if treated as compensation for tax
purposes) and any other RS Property will not be taken into account as "salary"
or "compensation" or "bonus" in determining the amount of any payment under any
pension, retirement or profit-sharing plan of the Company or any life insurance,
disability or other benefit plan of the Company.

                  3.9 Delivery Delay. The delivery of any certificate
representing Restricted Stock or other RS Property may be postponed by the
Company for such period as may be required for it to comply with any applicable
federal or state securities law, or any securities exchange listing requirements
and the Company is not obligated to issue or deliver any securities if, in the
opinion of counsel for the Company, the issuance of such Shares shall constitute
a violation by the Executive or the Company of any provisions of any law or of
any regulations of any governmental authority or any securities exchange.

         4. Legends. All certificates representing the Shares shall have
endorsed thereon the following legends:

                  (a) "THE ANTICIPATION, ALIENATION, ATTACHMENT, SALE, TRANSFER,
ASSIGNMENT, PLEDGE, ENCUMBRANCE OR CHARGE OF THE SHARES OF STOCK REPRESENTED
HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS (INCLUDING A VESTING SCHEDULE AND
FORFEITURE PROVISION AND RESTRICTIONS AGAINST TRANSFER) OF AN AGREEMENT ENTERED
INTO BETWEEN THE REGISTERED OWNER, NATHAN KAHN, SANDRA KAHN AND EMPIRE
RESOURCES, INC. (THE "COMPANY") DATED AS OF THE 14TH DAY OF SEPTEMBER, 1999.
COPIES OF SUCH AGREEMENT ARE ON FILE AT THE PRINCIPAL OFFICE OF THE COMPANY."

                                        4

<PAGE>

                  (b) "THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR
HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE
SECURITIES UNDER SAID ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY
THAT SUCH REGISTRATION IS NOT REQUIRED."

                  (c) Any legend required to be placed thereon by applicable
blue sky laws or other law of any state or securities law or other law of any
province.

         5. Securities Representations. The Shares are being issued to the
Executive and this Agreement is being made by the Company in reliance upon the
following express representations and warranties of the Executive.

                  The Executive acknowledges, represents and warrants that:

                  (a) he has been advised that he may be an "affiliate" within
the meaning of Rule 144 under the Securities Act of 1933, as amended (the "Act")
and in this connection the Company is relying in part on his representations set
forth in this Section;

                  (b) the Shares must be held indefinitely unless an exemption
from any applicable resale restrictions is available or the Company files an
additional registration statement (or a "re-offer prospectus") with regard to
such Shares and the Company is under no obligation to register the Shares (or to
file a "re-offer prospectus");

                  (c) he understands that the exemption from registration under
Rule 144 will not be available unless (i) a public trading market then exists
for the Common Stock of the Company, (ii) adequate information concerning the
Company is then available to the public, and (iii) other terms and conditions of
Rule 144, or any exemption therefrom are complied with and that any sale of the
Shares may be made only in limited amounts in accordance with such terms and
conditions;

                  (d) the Shares are being acquired for his own account and not
with a view to, or for sale in connection with, the distribution thereof, nor
with any present intention of distributing or selling any such Shares within the
meaning of the Act;

                  (e) in the event that the Executive is permitted to sell,
transfer, pledge, hypothecate, assign or otherwise dispose of the Shares, the
Executive may only do so pursuant to a registration statement under the Act and
qualification under applicable state securities laws, to the extent required, or
pursuant to an opinion of counsel satisfactory to the Company that such
registration is not required and that the transaction (if it involves a sale in
the over-the-counter market or on a securities exchange) complies with the
provisions of Rule 144 under the Act or another exemption. A stop-transfer order
will be placed on the books of the Company respecting the certificates
evidencing the Shares, and such certificates shall bear, until such time as the
Shares evidenced by such certificates shall have been registered under the Act
or shall have been

                                        5

<PAGE>

transferred in accordance with an opinion of counsel for the Company that such
registration is not required, the legends required pursuant to Section 4 hereof;
and

                  (f) he has been advised that he may be subject to the
reporting requirements of Section 16(a) of the Securities Exchange Act of 1934,
as amended (the "Exchange Act"), and that he may be subject to insider trading
restrictions and reporting requirements on the purchase and sale of securities
of the Company imposed under the Exchange Act.

         6. Not an Employment Agreement. The issuance of the Shares hereunder
does not constitute an agreement by the Company to continue to employ the
Executive during the entire, or any portion of, the term of this Agreement,
including but not limited to any period during which Restricted Stock is
outstanding.

         7. Miscellaneous.

                  7.1 This Agreement shall inure to the benefit of and be
binding upon the parties hereto and their respective heirs, personal legal
representatives, successors, trustees, administrators, distributees, devisees
and legatees. The Company may assign to, and require, any successor (whether
direct or indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of the Company, any subsidiary
or any division of the Company or Subsidiary by which the Executive is employed
to expressly assume and agree in writing to perform this Agreement. This
Agreement may not be otherwise assigned by the parties hereto. The Company, the
Kahns, Empire Resources Pacific Ltd., and ITI have entered into an Agreement and
Plan of Merger dated as of February 22, 1999 (the "Merger Agreement") pursuant
to which it is contemplated that the Company will merge into Integrated. In the
event of the consummation of such merger, this Agreement shall remain in effect,
ITI will succeed to all rights and obligations herein of the Company, the
Executive will receive as a result of the merger 469,238 shares of Common Stock,
$.01 par value of ITI, in place of the .5 Company shares previously held by the
Executive, the reference in Section 1 hereof to .5 Company shares shall be
changed to 469,238 shares of ITI, the reference in Section 3.3(b) hereof to
 .118182 Company shares shall be changed to refer to 110,911 shares of ITI, all
references herein to the Company shall be deemed to refer to ITI, and all
references herein to Common Stock, Shares and Restricted Stock shall be deemed
to refer to shares of ITI.

                  7.2 No modification or waiver of any of the provisions of this
Agreement shall be effective unless in writing and signed by the party against
whom it is sought to be enforced.

                  7.3 This Agreement may be executed in one or more
counterparts, all of which taken together shall constitute one contract.

                  7.4 The failure of any party hereto at any time to require
performance by another party of any provision of this Agreement shall not affect
the right of such party to require performance of that provision, and any waiver
by any party of any breach of any provision of this Agreement shall not be
construed as a waiver of any continuing or succeeding breach of such provision,
a waiver of the provision itself, or a waiver of any right under this Agreement.

                                        6

<PAGE>

                  7.5 The headings of the sections of this Agreement have been
inserted for convenience of reference only and shall in no way restrict or
modify any of the terms or provisions hereof.

                  7.6 All notices, consents, requests, approvals, instructions
and other communications provided for herein shall be in writing and validly
given or made when delivered, or on the second succeeding business day after
being mailed by registered or certified mail, whichever is earlier, to the
persons entitled or required to receive the same, at the addresses set forth at
the heading of this Agreement or to such other address as either party may
designate by like notice. Notices to the Company shall be addressed to its
principal office, attention of the Chief Executive Officer.

                  7.7 The capitalized terms in this Agreement that are not
otherwise defined herein shall have the meaning as set forth in the employment
agreement in effect on the date hereof between the Executive and the Company.

                  7.8 This Agreement shall be governed and construed and the
legal relationships of the parties determined in accordance with the laws of the
state of Delaware regardless of the law that might otherwise govern under
applicable principles of conflict laws.

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed as of the day and year first above written.

                                         EMPIRE RESOURCES, INC.

                                         By /s/ Nathan Kahn
                                           -----------------------------------
                                             Name:  Nathan Kahn
                                             Title:

                                         /s/ Harvey Wrubel
                                         -------------------------------------
                                         Harvey Wrubel

                                         /s/ Nathan Kahn
                                         -------------------------------------
                                         Nathan Kahn
                                              As Tenant-In-Common

                                         /s/ Sandra Kahn
                                         -------------------------------------
                                         Sandra Kahn
                                              As Tenant-In-Common

                                        7

<PAGE>

                                    EXHIBIT A
                                    ---------

         For purposes of this Agreement, a Change in Control shall mean 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 any employee benefit
plan of the Company, or any company owned, directly or indirectly, by the
stockholders of the Company in substantially the same proportions as their
ownership of Common Stock of the Company, becomes the "beneficial owner" (as
defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of
securities of the Company representing a percentage of the combined voting power
of the Company's outstanding securities greater than the total percentage then
beneficially owned, directly or indirectly, by Sandra Kahn and Nathan Kahn,
their issue and trusts or other entities formed primarily for the benefit of the
foregoing. In no event will consummation of the transactions contemplated under
the Merger Agreement be deemed to result in a Change in Control.

<PAGE>

                                    EXHIBIT B
                                    ---------

         The number of the Contingent Shares (if any) that will be released from
the restrictions set forth in Section 3(b), will be a function of degree of
attainment of the Company's Cumulative After-Tax Income during the two-year
period commencing April 1, 1999 and ending March 31, 2001, as indicated in the
table below.

Company Cumulative After-Tax Income                    Number of Contingent
Targets During the Two-Year Period Ending              Shares to Be Released
March 31, 2001  (in Millions of Dollars)               to the Executive

less than 4.4                                                 0
4.4 to but excluding 4.8                                    6,636
4.8 to but excluding 5.2                                   13,522
5.2 to but excluding 5.6                                   20,673
5.6 to but excluding 6.0                                   28,104
6.0 to but excluding 6.4                                   35,833
6.4 to but excluding 6.8                                   43,877
6.8 to but excluding 7.2                                   52,256
7.2 to but excluding 7.6                                   60,992
7.6 to but excluding 8.0                                   70,108
8.0 to but excluding 8.4                                   79,628
8.4 to but excluding 8.8                                   89,582
8.8 to but excluding 9.2                                   99,999
9.2 or greater                                            110,911

         For purposes of this Exhibit B, the Company's Cumulative After-Tax
Income during the two-year period commencing April 1, 1999 and ending March 31,
2001 shall be determined in accordance with Section 2.11 of the Merger
Agreement.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00005-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00005-of-00352.parquet"}]]