Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Nord Resources Corporation - Exhibit 4.74

REGISTRATION RIGHTS AGREEMENT 

This Registration Rights Agreement (the “Agreement”) is
made and entered into as of this 5th day of June, 2007 by and among
Nord Resources Corporation, a corporation incorporated under the laws of
Delaware (the “Corporation”), Blackmont Capital Inc. and Salman Partners
Inc. (collectively, the “Agents”) on behalf of each purchaser in the
offering by the Corporation of Special Warrants and in connection with the
agency agreement, dated June 5, 2007 (the “Agency Agreement”), among the
Corporation and the Agents. 

The parties hereby agree as follows:

	1. 	Certain Definitions.

Capitalized terms used but not
otherwise defined in this Agreement shall have the meanings ascribed to such
terms in the Agency Agreement. As used in this Agreement, the following terms
shall have the following meanings: 

“Affiliate” means, with respect
to any person, any other person that directly or indirectly through one or more
intermediaries controls, or is controlled by, or is under common control with,
such person. 

“Business Day” means a day which
is not a Saturday, Sunday or a statutory or civic holiday in the city of
Vancouver, British Columbia, or a day when the principal office of the Trustee
in such city is not generally open to the public for the transaction of
business. 

“Closing Date” means the closing
date of the Offering. 

“Common Shares” shall mean the
Corporation’s shares of common stock, US$0.01 par value, and any securities into
which such shares may hereinafter be reclassified.

“Compensation Options” shall
mean the non-transferable options issuable to the Agents in part payment of the
compensation payable by the Corporation to the Agents under the Agency
Agreement, each Agent’s Compensation Option entitling the holder thereof to
acquire one Common Share at any time from the date of issue of the Agent’s
Compensation Option until 5:00 p.m. (Vancouver time) on the date which is 24
months after the Closing Date at an exercise price of US$0.75, subject to
adjustment in accordance with the provisions of the Agency Agreement and the
terms of the certificate(s) representing the Agents’ Compensation Options. 

“Effective Date” shall mean the
date a Registration Statement is declared effective by the SEC. 

“Investors” shall mean the
Subscribers and the Agents. 

“NASD” means National
Association of Securities Dealers, Inc. 

“Offering” means the offering
for sale by the Corporation on a private placement basis of the Special
Warrants. 

2. 

“Offering Price” shall mean a
price of US$0.75 per Special Warrant in the Offering. 

“Prospectus” shall mean the
prospectus included in any Registration Statement, as amended or supplemented by
any prospectus supplement, with respect to the terms of the offering of any
portion of the Registrable Securities covered by such Registration Statement and
by all other amendments and supplements to the prospectus, including
post-effective amendments and all material incorporated by reference in such
prospectus. 

“Qualification Deadline” means
5:00 p.m. (Vancouver time) on the first Business Day which is not less than 180
days after the Closing Date. 

“Register,” “registered”
and “registration” refer to a registration made by preparing and filing a
Registration Statement or similar document in compliance with the 1933 Act, and
the declaration or ordering of effectiveness of such Registration Statement or
document. 

“Registrable Securities” shall
mean (i) the Special Warrant Shares, (ii) the Warrant Shares, (iii) the Common
Shares issuable upon exercise of the Agent’s Compensation Options, any (iv)
other securities issued or issuable with respect to or in exchange for
Registrable Securities. 

“Registration Statement” means
the registration statement of the Corporation to be filed with the SEC in order
to register, or register the resale of, the Registrable Securities, as
applicable, as such Registration Statement is amended from time to time. 

“Regulation D” means Regulation
D adopted by the SEC under the 1933 Act. 

“Regulation S” means Regulation
S adopted by the SEC under the 1933 Act. 

“Restricted Security” shall have
the meaning ascribed thereto in Rule 144(a)(3) of the 1933 Act. 

“SEC” means the U.S. Securities
and Exchange Commission. 

“Special Warrant Trustee” means
an institution to be appointed in such capacity under the Special Warrant
Indenture, and its successors and permitted assigns. 

“Special Warrant Indenture”
means the indenture dated the Closing Date providing for the creation and issue
of the Special Warrants among the Corporation, the Lead Agent and Computershare
Trust Company of Canada. 

“Special Warrant Shares” means
the Common Shares issuable upon the exercise of the Special Warrants. 

“Special Warrants” means the
special warrants of the Corporation, each special warrant entitling the holder
to receive, without payment of any additional consideration, one Special Warrant
Share and one-half of one Warrant, subject to adjustment in accordance with the
provisions of the Special Warrant Indenture. 

3. 

“Subscribers” shall mean the
subscribers identified in those Subscription Agreements which are accepted by
the Corporation, and any Affiliate or permitted transferee of any Subscriber who
is a subsequent holder of Registrable Securities. 

“Subscription Agreements” means
the subscription agreement to be entered into between the Corporation and each
of the Purchasers with respect to the purchase of the Special Warrants
collectively. 

“Warrant Indenture” means the
warrant indenture to be dated the Closing Date between the Corporation and
American Stock Transfer Company, or such other entity as the Corporation may
appoint prior to the Closing Date, as warrant agent, pursuant to which the
Warrants will be issued. 

“Warrant Shares” means the
Common Shares issuable upon the exercise of the Warrants. 

“Warrants” means the warrants to
purchase Common Shares of the Corporation issuable upon exercise or deemed
exercise of the Special Warrants, each whole Warrant entitling the holder
thereof to acquire one Warrant Share at any time from the date of issue of the
Warrant until 5:00 p.m. (Vancouver time) on the date which is 60 months after
the Closing Date at an exercise price of US$1.10, subject to adjustment in
accordance with the provisions of the Warrant Indenture. 

“1933 Act” means the Securities
Act of 1933, as amended, and the rules and regulations promulgated thereunder.

“1934 Act” means the Securities
Exchange Act of 1934, as amended, and the rules and regulations promulgated
thereunder. 

	2. 	
      Registration.

	 	 	 
		(a) 	
      Registration Statements. Promptly following the
      closing of the purchase and sale of the securities contemplated by the
      Subscription Agreements and the Agency Agreement (the “Closing
      Date”) but no later than one hundred eighty (180) days after the
      Closing Date, the Corporation shall prepare and file with the SEC one or
      more Registration Statements on Form SB-2 (or, if Form SB-2 is not then
      available to the Corporation, on such form of registration statement as is
      then available to effect a registration for resale of the Registrable
      Securities), covering the resale of the Registrable Securities in an
      amount at least equal to the aggregate of the Registrable Securities. Such
      Registration Statements also shall cover, to the extent allowable under
      the 1933 Act and the rules promulgated thereunder (including Rule 416),
      such indeterminate number of additional shares of Common Shares resulting
      from stock splits, stock dividends or similar transactions with respect to
      the Registrable Securities. The Registration Statements (and each
      amendment or supplement thereto, and each request for acceleration of
      effectiveness thereof) shall be provided in accordance with section 3(c)
      to the Agents and their counsel prior to its filing or other
      submission.

	 	 	 
		(b) 	
      Expenses. The Corporation shall pay all expenses
      associated with the registration, including filing and printing fees,
      counsel and accounting fees and

4. 

	 		
      expenses, costs associated with clearing the Registrable
      Securities for sale under applicable state securities laws, fees and
      expenses of one Canadian counsel and one United States counsel to the
      Agents, on behalf of the Agents and the Subscribers, and the Investors’
      expenses in connection with the registration.

	 	 	 	 
	 	(c) 	
      Effectiveness.

	 	 	 	 
	 		(i) 	
      The Corporation shall use its commercially reasonable
      best efforts to have each Registration Statement declared effective by the
      SEC as soon as practicable, but, in any event, no later than the
      Qualifications Deadline. The Corporation shall notify the Investors by
      facsimile or e-mail as promptly as practicable, and in any event, within
      three (3) Business Days, after the Registration Statement is declared
      effective and shall simultaneously provide the Investors with copies of
      any related Prospectus to be used in connection with the sale or other
      disposition of the securities covered thereby, if required by the
      Investors.

	 	 	 	 
	 		(ii) 	
      Pursuant to the Agency Agreement, the Corporation may
      become liable to Subscribers if it does not have a Registration Statement
      declared effective by the SEC, as follows: If (A) the Corporation fails to
      use its commercially reasonable best efforts to have each Registration
      Statement declared effective by the SEC and a Registration Statement
      covering the Registrable Securities is not declared effective by the SEC
      by the Qualification Deadline, or (B) after a Registration Statement has
      been declared effective by the SEC, the Corporation fails to use its
      commercially reasonable best efforts to cause the Registration Statement
      to remain continuously effective as specified in Section 3 hereof and
      sales cannot be made pursuant to such Registration Statement for any
      reason (including without limitation by reason of a stop order, or the
      Corporation’s failure to update the Registration Statement), but excluding
      the inability of any holder to sell the Registrable Securities covered
      thereby due to market conditions, then the Corporation will make pro rata
      payments to a Subscriber who is the holder of each Registrable Security as
      liquidated damages and not as a penalty, in cash, an amount (the
      “Liquidity Incentive”) equal to 1% of the Offering Price of such
      Registrable Security for every 30-day period or portion thereof (to a
      maximum aggregate amount of 12% of the Offering Price of such Registrable
      Security on a pro-rata basis) payable monthly, commencing on the
      Qualification Deadline and expiring on the later of (i) the Qualification
      Date, and (ii) the date on which the Registration Statement is declared
      effective by the SEC (the “Delay Period”). The Liquidity Incentive
      shall be paid monthly within three (3) Business Days of the last day of
      each month following the commencement of the Delay Period until the
      termination of the Delay Period. The Liquidity Incentive shall be subject
      to “gross up” to compensate for the impact of withholding taxes, if
      applicable. The “gross up” amount, which may become payable to the
      Purchaser pursuant to this subsection 2(c)(ii), shall be returned to
      the

5. 

	 		
       
	
      Corporation to the extent of any tax credit or other form
      of refund or credit received by or credited to the Purchaser subsequent to
      the date of any such payment in connection with the Liquidity Incentive,
      provided that such tax credit or refund was directly connected to the
      payment representing such “gross up”. Notwithstanding anything herein to
      the contrary, to the extent that the registration of any or all of the
      Registrable Securities by the Corporation on a registration statement is
      prohibited (the “Non- Registered Shares”) as a result of rules,
      regulations, positions or releases issued or actions taken by the SEC
      pursuant to its authority with respect to Rule 415 under the 1933 Act and
      the Corporation has registered at such time the maximum number of
      Registrable Securities permissible upon consultation with the SEC, then
      the liquidated damages described herein shall not be applicable to such
      Non-Registered Shares. The Liquidity Incentive is available pursuant to
      the Agency Agreement, and is subject to an overriding limitation of a
      maximum aggregate amount of 12% of the Offering Price. Such a limitation
      relates to both the requirement to obtain an effective Registration
      Statement in the United States and the requirement to obtain a prospectus
      receipt in a Canada. In no event shall the Liquidity Incentive exceed a
      maximum aggregate amount of 12% of the Offering Price, regardless of
      whether it arises from a failure by the Corporation in its obligation(s)
      in relation to: (a) the requirement to obtain an effective Registration
      Statement; (b) the requirement to obtain a prospectus receipt in Canada;
      or (c) both a maximum aggregate amount of 12% of the Offering
  Price.

	 	 	 	 
	 		(iii) 	
      No more than three (3) times in any twelve (12) month
      period for an aggregate of not more than thirty (30) days, the Corporation
      may delay the disclosure of material non-public information concerning the
      Corporation, by suspending the use of any Prospectus included in any
      registration statement contemplated by this Section containing such
      information, the disclosure of which at the time is not, in the good faith
      opinion of the Board of Directors of the Corporation as evidenced in
      writing, in the best interests of the Corporation (an “Allowed
      Delay”); provided that the Corporation shall promptly (a) notify the
      Investors in writing of the existence of (but in no event, without the
      prior written consent of an Investor, shall the Corporation disclose to
      such Investor any of the facts or circumstances regarding) material
      non-public information giving rise to an Allowed Delay, and (b) advise the
      Investors in writing to cease all sales under the Registration Statement
      until the end of the Allowed Delay.

	 	 	 	 
	 	(d) 	
      Other Securities to be Included in Registration
      Statements. The Agents acknowledge and agree that the Registration
      Statements shall also cover the resale of the securities of the
      Corporation that are subject to the pre-existing registration rights
      disclosed in Schedule “A” annexed hereto, to the extent permitted by
      applicable securities laws and any rules, regulations, positions or
      releases issued or actions taken by the SEC pursuant to its authority with
      respect to Rule 415 under the 1933 Act.

6. 

The Agents also acknowledge and agree
that the Corporation may elect to file one or more registration statements on
Form S-8 under the 1933 Act with respect to new or existing “employee benefit
plans” of the Corporation (as such term is defined in Rule 405 under the 1933
Act). 

3. Corporation Obligations. The Corporation will use its
commercially reasonable best efforts to effect the registration of the
Registrable Securities in accordance with the terms hereof, and pursuant thereto
the Corporation will: 

	 	(a) 	
      use its commercially reasonable best efforts to cause the
      Registration Statements to become effective and use its commercially
      reasonable best efforts to keep the Registration Statements continuously
      effective for a period that will terminate upon the earlier of (i) the
      date on which all Registrable Securities covered by such Registration
      Statement, as amended from time to time, have been sold, or (ii) the date
      on which all Registrable Securities covered by such Registration Statement
      may be sold pursuant to Rule 144(k) under the 1933 Act;

	 	 	 
	 	(b) 	
      (i) prepare and file with the SEC such amendments and
      post-effective amendments to the Registration Statement and the Prospectus
      as may be necessary to keep the Registration Statement effective for the
      period specified in Section 3(a), (ii) cause the Prospectus to be amended
      or supplemented by any required Prospectus supplement, and as so
      supplemented or amended to be filed pursuant to Rule 424; (iii) respond as
      promptly as reasonably possible to any comments received from the SEC with
      respect to the Registration Statement or any amendment thereto; and (iv)
      to comply with the provisions of the 1933 Act and the 1934 Act with
      respect to the Registration Statement and the distribution of all of the
      Registerable Securities covered thereby;

	 	 	 
	 	(c) 	
      provide copies to and permit the counsel designated by
      the Agents on behalf of the Investors to review each Registration
      Statement and all amendments and supplements thereto prior to their filing
      with the SEC and not file any document to which such counsel reasonably
      objects; provided, however, that the Corporation is entitled to file any
      such document, and rely on the assumption that there is no objection, if
      the Corporation does not receive a written objection from Agent’s counsel
      within three Business Days after the document is provided, and provided,
      however, that the period from the date of any such objection of counsel
      through the date on which such objection is resolved by the Corporation in
      good faith shall extend by an equal number of days, any deadlines which
      the Corporation is obligated to meet hereunder or under the Agency
      Agreement or Subscription Agreement;

	 	 	 
	 	(d) 	
      furnish to the Agents and their legal counsel and, as
      required by applicable law or regulation, the Subscribers, (i) promptly
      after the same is prepared and publicly distributed, filed with the SEC,
      or received by the Corporation copies of any Registration Statement and
      any amendment thereto, each preliminary prospectus and Prospectus and each
      amendment or supplement thereto, and each letter written by or on behalf
      of the Corporation to the SEC or the staff of the SEC,
  and

7. 

	 		
      each item of correspondence from the SEC or the staff of
      the SEC, in each case relating to such Registration Statement (other than
      any portion of any thereof which contains information for which the
      Corporation has sought confidential treatment or which the Corporation
      believes would constitute material non-public information), and (ii) such
      number of copies of a Prospectus, including a preliminary prospectus, and
      all amendments and supplements thereto and such other documents as each
      Investor may reasonably request in order to facilitate the disposition of
      the Registrable Securities owned by such Investor that are covered by the
      related Registration Statement;

	 	 	 
	 	(e) 	
      use its commercially reasonable best efforts to (i)
      prevent the issuance of any stop order or other suspension of
      effectiveness and (ii) if such order is issued, notify the Investors as
      promptly as reasonably possible, and obtain the withdrawal of any such
      order at the earliest possible moment;

	 	 	 
	 	(f) 	
      immediately notify the Investors, at any time when a
      Prospectus relating to Registrable Securities is required to be delivered
      under the 1933 Act, upon discovery that, or upon the happening of any
      event as a result of which, the Prospectus included in a Registration
      Statement, as then in effect (including the documents incorporated by
      reference therein), includes an untrue statement of a material fact or
      omits to state any material fact required to be stated therein or
      necessary to make the statements therein not misleading in light of the
      circumstances then existing, and at the request of any such holder,
      promptly prepare, file with the SEC, and furnish to such holder a
      reasonable number of copies of a supplement to or an amendment of such
      Prospectus (including the documents incorporated by reference therein) as
      may be necessary so that such Prospectus shall not include an untrue
      statement of a material fact or omit to state a material fact required to
      be stated therein or necessary to make the statements therein not
      misleading in light of the circumstances then existing;

	 	 	 
	 	(g) 	
      otherwise use its commercially reasonable best efforts to
      comply with all applicable rules and regulations of the SEC under the 1933
      Act and the 1934 Act, take such other actions as may be reasonably
      necessary to facilitate the registration of the Registrable Securities
      hereunder, and make available to its security holders, as soon as
      reasonably practicable, but not later than the due date for reports due
      under Section 13 or 15(d) of the Exchange Act, an earnings statement
      covering a period of at least twelve (12) months, beginning after the
      effective date of each Registration Statement, which earnings statement
      shall satisfy the provisions of Section 11 (a) of the 1933 Act, including
      Rule 158 promulgated thereunder; provided that, for the purpose of this
      subsection 3(g), the Corporation shall be deemed to have satisfied the
      requirements of this paragraph by filing such reports as are required by
      Section 13(a) or 15(d) of the 1934 Act within the time required for filing
      those reports, including its annual report on Form 10-K and its quarterly
      reports on Form 10-Q (or, in each case, such other form then available to
      the Corporation); and

8. 

	 	(h) 	
      with a view to making available to the Investors the
      benefits of Rule 144 (or its successor rule) under the 1933 Act and any
      other rule or regulation of the SEC that may at any time permit the
      Investors to sell Common Shares to the public without registration, the
      Corporation covenants and agrees to: (i) make and keep public information
      available, as those terms are understood and defined in Rule 144, until
      the earlier of (A) such date as all of the Registrable Securities may be
      resold pursuant to Rule 144(k) or any other rule of similar effect or (B)
      such date as all of the Registrable Securities shall have been resold;
      (ii) file with the SEC in a timely manner all reports and other documents
      required of the Corporation under the 1934 Act; and (iii) furnish to each
      Investor upon request, as long as such Investor owns any Registrable
      Securities, (A) a written statement by the Corporation that it has
      complied with the reporting requirements of the 1934 Act, (B) a copy of
      the Corporation’s most recent annual report on Form 10-K (or such other
      form then available to the Corporation), and (C) such other information as
      may be reasonably requested in order to avail such Investor of any rule or
      regulation of the SEC that permits the selling of any such Registrable
      Securities without registration.

The Corporation will not be required to take any actions
required under this section 3 that are not, in the written opinion of counsel
for the Corporation, satisfactory to the Investors acting reasonably, in
compliance with applicable law. 

The Corporation shall not disclose material nonpublic
information to the Investors, or to advisors to or representatives of the
Investors, unless prior to disclosure of such information the Corporation
identifies such information as being material nonpublic information and provides
the Investors, such advisors and representatives with the opportunity to accept
or refuse to accept such material nonpublic information for review and any
Investor wishing to obtain such information enters into an appropriate
confidentiality agreement with the Corporation with respect thereto. 

	4. 	
      Obligations of the Investors.

	 	 	 
		(a) 	
      Each Investor, by its acceptance of the Registrable
      Securities agrees to cooperate with the Corporation as reasonably
      requested by the Corporation in connection with the preparation and filing
      of a Registration Statement hereunder, unless such Investor has notified
      the Corporation in writing of its election to exclude all of its
      Registrable Securities from such Registration Statement.

	 	 	 
		(b) 	
      Specifically, it shall be a condition precedent to the
      obligations of the Corporation to complete the registration pursuant to
      this Agreement with respect to the Registrable Securities that the
      Investor furnish to the Corporation information regarding itself, the
      Registrable Securities held by it and the intended method of disposition
      of the Registrable Securities held by it as shall be reasonably required
      to effect the registration of such securities and shall execute such
      documents in connection with such registration as the Corporation may
      reasonably request, including selling securityholder
  questionnaires.

9. 

	 	(c) 	
      Each Investor agrees that, upon receipt of any notice
      from the Corporation of the happening of an event pursuant to subsection
      3(f) hereof, such Investor will immediately discontinue disposition of
      Registrable Securities pursuant to the Registration Statement covering
      such Registrable Securities, until the Investor’s receipt of the copies of
      the supplemented or amended prospectus filed with the SEC and declared
      effective and, if so directed by the Corporation, the Investor shall
      deliver to the Corporation (at the expense of the Corporation) or destroy
      (and deliver to the Corporation a certificate of destruction) all copies
      in the Investor’s possession of the Prospectus covering the Registrable
      Securities current at the time of receipt of such
notice.

	5. 	
      Indemnification.

	 	 	 
		(a) 	
      Indemnification by the Corporation. The
      Corporation will indemnify and hold harmless each Investor and its
      officers, directors, members, employees and agents, successors and
      assigns, and each other person, if any, who controls such Investor within
      the meaning of the 1933 Act, against any losses, claims, damages or
      liabilities, joint or several, to which they may become subject under the
      1933 Act or otherwise, insofar as such losses, claims, damages or
      liabilities (or actions in respect thereof) arise out of or are based
      upon: (i) any untrue statement or alleged untrue statement of any material
      fact contained in any Registration Statement, any preliminary prospectus
      or Prospectus contained therein, or any amendment or supplement thereof,
      or the omission or alleged omission to state therein a material fact
      required to be stated therein or necessary to make the statements therein,
      in light of the circumstances under which they were made, not misleading;
      (ii) any blue sky application or other document executed by the
      Corporation specifically for that purpose or based upon written
      information furnished by the Corporation filed in any state or other
      jurisdiction in order to qualify any or all of the Registrable Securities
      under the securities laws thereof (any such application, document or
      information herein called a “Blue Sky Application”); (iii) any violation
      by the Corporation of any rule or regulation promulgated under the 1933
      Act applicable to the Corporation and relating to action or inaction
      required of the Corporation in connection with such registration; or (iv)
      any failure to register or qualify the Registrable Securities included in
      any such Registration in any state where the Corporation or its agents has
      affirmatively undertaken or agreed in writing that the Corporation will
      undertake such registration or qualification on an Investor’s behalf (the
      undertaking of any underwriter chosen by the Corporation being attributed
      to the Corporation) and will reimburse such Investor, and each such
      officer, director or member and each such controlling person for any legal
      or other expenses reasonably incurred by them in connection with
      investigating or defending any such loss, claim, damage, liability or
      action; provided, however, that the Corporation will not be liable in any
      such case if and to the extent that any such loss, claim, damage or
      liability arises out of or is based upon an untrue statement or alleged
      untrue statement or omission or alleged omission so made in conformity
      with information furnished by such Investor or any such
  controlling

10. 

	 		
      person in writing specifically for use in such
      Registration Statement or Prospectus.

	 	 	 
	 	(b) 	
      Indemnification by the Investors. In connection
      with any registration pursuant to the terms of this Agreement, each
      Investor will furnish to the Corporation in writing such information as
      the Corporation reasonably requests concerning the holders of Registrable
      Securities or the proposed manner of distribution for use in connection
      with any Registration Statement or Prospectus and agrees, severally but
      not jointly, to indemnify and hold harmless, to the fullest extent
      permitted by law, the Corporation, its directors, officers, employees,
      stockholders, agents and each person who controls the Corporation (within
      the meaning of the 1933 Act) against any losses, claims, damages,
      liabilities and expense (including reasonable attorney fees) resulting
      from any untrue statement of a material fact or an alleged untrue
      statement of a material fact or any omission of a material fact or an
      alleged omission of a material fact required to be stated in the
      Registration Statement or Prospectus or preliminary prospectus or
      amendment or supplement thereto or necessary to make the statements
      therein not misleading, to the extent, but only to the extent that such
      untrue statement or omission or alleged untrue statement or omission is
      contained in any information furnished in writing by such Investor to the
      Corporation specifically for inclusion in such Registration Statement or
      Prospectus or amendment or supplement thereto. In no event shall the
      liability of an Investor be greater in amount than the dollar amount of
      the proceeds received by such Investor upon the sale of the Registrable
      Securities included in the Registration Statement giving rise to such
      indemnification obligation.

	 	 	 
	 	(c) 	
      Conduct of Indemnification Proceedings. Any person
      entitled to indemnification hereunder shall (i) give prompt notice to the
      indemnifying party of any claim with respect to which it seeks
      indemnification and (ii) permit such indemnifying party to assume the
      defense of such claim with counsel reasonably satisfactory to the
      indemnified party; provided that any person entitled to indemnification
      hereunder shall have the right to employ separate counsel and to
      participate in the defense of such claim, but the fees and expenses of
      such counsel shall be at the expense of such person unless (a) the
      indemnifying party has agreed to pay such fees or expenses, or (b) the
      indemnifying party shall have failed to assume the defense of such claim
      and employ counsel reasonably satisfactory to such person or (c) in the
      reasonable judgment of any such person, based upon written advice of its
      counsel, a conflict of interest exists between such person and the
      indemnifying party with respect to such claims (in which case, if the
      person notifies the indemnifying party in writing that such person elects
      to employ separate counsel at the expense of the indemnifying party, the
      indemnifying party shall not have the right to assume the defense of such
      claim on behalf of such person); and provided, further, that the failure
      of any indemnified party to give notice as provided herein shall not
      relieve the indemnifying party of its obligations hereunder, except to the
      extent that such failure to give notice shall materially adversely affect
      the indemnifying party in the defense of any such claim or litigation. It
      is understood that the indemnifying party shall not, in connection with
      any proceeding in the same jurisdiction, be liable for fees or expenses of
      more than one separate firm of attorneys at any
time

11. 

			
      for all such indemnified parties. No indemnifying party
      will, except with the prior written consent of the indemnified party,
      consent to entry of any judgment or enter into any settlement that does
      not include as an unconditional term thereof the giving by the claimant or
      plaintiff to such indemnified party of a release from all liability in
      respect of such claim or litigation.

	 	 	 
		(d) 	
      Contribution. If for any reason the
      indemnification provided for in the preceding paragraphs (a) and (b) is
      unavailable to an indemnified party or insufficient to hold it harmless,
      other than as expressly specified therein, then the indemnifying party
      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. No person guilty of fraudulent misrepresentation within
      the meaning of Section 11(f) of the 1933 Act shall be entitled to
      contribution from any person not guilty of such fraudulent
      misrepresentation. In no event shall the contribution obligation of a
      holder of Registrable Securities be greater in amount than the dollar
      amount of the proceeds received by it upon the sale of the Registrable
      Securities giving rise to such contribution obligation.

	 	 	 
	6. 	
      Miscellaneous.

	 	 	 
		(a) 	
      Amendments and Waivers. This Agreement may be
      amended only in writing signed by the Corporation and the Agents. The
      Corporation may take any action herein prohibited, or omit to perform any
      act herein required to be performed by it, only if the Corporation shall
      have obtained the written consent to such amendment, action or omission to
      act, of the Agents.

	 	 	 
		(b) 	
      Notices. All notices and other communications
      provided for or permitted hereunder shall be made (i) as set forth in
      section 17 of the Agency Agreement and (ii) to each Subscriber at the
      address listed on Page 1 of its respective Subscription
  Agreement.

	 	 	 
		(c) 	
      Assignments and Transfers by Investors. The
      provisions of this Agreement shall be binding upon and inure to the
      benefit of the Investors and their respective successors and assigns. An
      Investor may transfer or assign, in whole or from time to time in part, to
      one or more persons its rights hereunder in connection with the transfer
      of Registrable Securities by such Investor to such person, provided that
      (i) such Investor complies with all laws applicable thereto and provides
      written notice of assignment to the Corporation promptly after such
      assignment is effected, and (ii) the transferee or assignee of such
      Investor’s Registrable Securities agrees in writing to be bound by the
      provisions of this Agreement.

	 	 	 
		(d) 	
      Assignments and Transfers by the Corporation. This
      Agreement may not be assigned by the Corporation (whether by operation of
      law or otherwise) without the prior written consent of the Agents;
      provided, however, that the Corporation may assign its rights and delegate
      its duties hereunder to any surviving or

12. 

	 		
      successor corporation in connection with a merger or
      consolidation of the Corporation with another corporation, or a sale,
      transfer or other disposition of all or substantially all of the
      Corporation’s assets to another corporation, without the prior written
      consent of the Agents, after notice duly given by the Corporation to each
      Investor.

	 	 	 
	 	(e) 	
      Benefits of the Agreement. The terms and
      conditions of this Agreement shall inure to the benefit of and be binding
      upon the respective permitted successors and assigns of the parties; for
      greater clarity, the benefit of this Agreement will also inure to any
      transferees of Special Warrants and Registrable Securities, provided that
      such person agrees in writing to be bound by the provisions of this
      Agreement as if he or she was an original signatory to this Agreement.
      Nothing in this Agreement, express or implied, is intended to confer upon
      any party other than the parties hereto or their respective successors and
      assigns any rights, remedies, obligations, or liabilities under or by
      reason of this Agreement, except as expressly provided in this
      Agreement.

	 	 	 
	 	(f) 	
      Counterparts; Faxes. This Agreement may be
      executed in two or more counterparts, each of which shall be deemed an
      original, but all of which together shall constitute one and the same
      instrument. This Agreement may also be executed via facsimile, which shall
      be deemed an original.

	 	 	 
	 	(g) 	
      Titles and Subtitles. The titles and subtitles
      used in this Agreement are used for convenience only and are not to be
      considered in construing or interpreting this Agreement.

	 	 	 
	 	(h) 	
      Severability. Any provision of this Agreement that
      is prohibited or unenforceable in any jurisdiction shall, as to such
      jurisdiction, be ineffective to the extent of such prohibition or
      unenforceability without invalidating the remaining provisions hereof but
      shall be interpreted as if it were written so as to be enforceable to the
      maximum extent permitted by applicable law, and any such prohibition or
      unenforceability in any jurisdiction shall not invalidate or render
      unenforceable such provision in any other jurisdiction. To the extent
      permitted by applicable law, the parties hereby waive any provision of law
      which renders any provisions hereof prohibited or unenforceable in any
      respect.

	 	 	 
	 	(i) 	
      Further Assurances. The parties shall execute and
      deliver all such further instruments and documents and take all such other
      actions as may reasonably be required to carry out the transactions
      contemplated hereby and to evidence the fulfillment of the agreements
      herein contained.

	 	 	 
	 	(j) 	
      Entire Agreement. This Agreement is intended by
      the parties as a final expression of their agreement and intended to be a
      complete and exclusive statement of the agreement and understanding of the
      parties hereto in respect of the subject matter contained herein. This
      Agreement supersedes all prior agreements and understandings between the
      parties with respect to such subject matter.

13. 

	(k) 	
      Governing Law; Attornment to British Columbia.
      This Agreement shall be governed by and construed in accordance with the
      laws of British Columbia and the laws of Canada applicable therein. Any
      and all disputes arising under this Registration Rights Agreement, whether
      as to interpretation, performance or otherwise, shall be subject to the
      exclusive jurisdiction of the courts of the Province of British Columbia
      and each of the parties hereto hereby irrevocably attorns to the
      jurisdiction of the courts of such province.

[intentionally blank] 

IN WITNESS WHEREOF, the parties have executed this Agreement or
caused their duly authorized officers to execute this Agreement as of the date
first above written. 

	 	BLACKMONT CAPITAL INC. 
	 	 
	 	/s/ Chad Williams
	 	 
	 	 
	 	SALMAN PARTNERS INC. 
	 	 
	 	/s/ Terry Salman 

The foregoing is hereby accepted on the terms and conditions
therein set forth. 

	 DATED as of June 5, 2007. 	
	 	NORD RESOURCES CORPORATION 
	 	  
	 	/s/John T. Perry

Schedule A 

Nord Resources Corporation 
(“Nord”) 

Pre-Existing Registration Rights 

Outstanding Warrants 

The following table summarizes outstanding common stock
purchase warrants that are subject to registration rights: 

	
Warrant Holder 	
No. of Warrants
	Exercise
      
Price 	
Expiry Date 
	Auramet Trading,
      LLC 	250,000(1) 	$0.56 	October 17, 2007 
	Auramet Trading, LLC 	256,410(1) 	$0.56 	April 17, 2008 
	Nedbank Limited 	743,590(1) 	$0.88 	May 8, 2008 
	Auramet Trading, LLC 	25,000(1) 	$1.00 	May 15, 2008 
	Nedbank Limited 	75,000(1) 	$1.00 	May 15, 2008 
	Auramet Trading, LLC 	250,000(1) 	$1.15 	May 31, 2008 
	Ronald Hirsch 	50,000(1)(2) 	$0.25 	June 21, 2008 
	Ronald Hirsch 	50,000(1)(2) 	$0.25 	June 29, 2008 
	Ronald Hirsch 	450,000(1)(2) 	$0.25 	July 8, 2008 
	Ronald Hirsch 	200,000(1)(2) 	$0.25 	August 1, 2008 
	Ronald Hirsch 	100,000(1)(2) 	$0.25 	September 22, 2008 
	Ronald Hirsch 	30,000(1)(2) 	$0.25 	October 5, 2008 
	Ronald Hirsch 	20,000(1)(2) 	$0.25 	October 11, 2008 
	Ronald Hirsch 	230,000(1)(2) 	$0.25 	October 20, 2008 
	Stephen Seymourr 	50,000(1)(2) 	$0.25 	June 21, 2008 
	Stephen Seymour 	50,000(1)(2) 	$0.25 	June 29, 2008 
	Stephen Seymour 	450,000(1)(2) 	$0.25 	July 8, 2008 
	Stephen Seymour 	200,000(1)(2) 	$0.25 	August 1, 2008 
	Stephen Seymour 	100,000(1)(2) 	$0.25 	September 22, 2008 
	Stephen Seymour 	30,000(1)(2) 	$0.25 	October 5, 2008 
	Stephen Seymour 	20,000(1)(2) 	$0.25 	October 11, 2008 
	Stephen Seymour 	230,000(1)(2) 	$0.25 	October 20, 2008 
	Pierce Carson 	250,000(3) 	$0.50 	April 22, 2008 
	Auramet Trading, LLC 	61,230(1) 	$0.83 	September 30, 2008 
	Nedbank Limited 	88,770(1) 	$0.83 	September 30, 2008 
	Auramet Trading, LLC 	126,000(1) 	$0.66 	September 30, 2008
  

- 2 - 

	
Warrant Holder 
	
No. of Warrants
      
	Exercise
      
Price 
	
Expiry Date
  

	Nedbank Limited 	174,000(1) 	$0.66 	September 30, 2008 

Notes: 

	 	1. 	
      The warrants are subject to “piggy-back” registration
      rights such that if there is no effective registration statement covering
      all of the underlying shares (the “Warrant Shares”), and Nord determines
      to prepare and file with the SEC a registration statement relating to an
      offering for its own account or the account of others under the Securities
      Act of any of its equity securities (other than on Form S-4 or Form S-8
      under the Securities Act, relating to equity securities to be issued
      solely in connection with any acquisition of any entity or business, or
      equity securities issuable in connection with stock incentive or other
      employee benefit plans), then Nord shall be required to send to the holder
      of such warrants written notice of such determination and, if within
      fifteen days after receipt of such notice, the holder shall so request in
      writing, Nord shall include in such registration statement all or any part
      of the Warrant Shares the holder requests to be registered.

	 	 	 
	 	2. 	
      These warrants have been issued pursuant to the revolving
      line of credit facility in the principal amount of $600,000, referred to
      below under the heading, “Conversion Rights Attaching to Loans from Ronald
      Hirsch and Stephen Seymour”.

	 	 	 
	 	3. 	
      Mr. Carson’s warrants were issued pursuant to a
      Settlement Agreement and General Release dated April 22, 2005. The
      agreement provides for “piggy-back” registration rights respecting the
      underlying warrant shares, and with respect to an additional 250,000
      shares of common stock issued on a fully paid and non-assessable basis to
      Mr. Carson under the agreement. Nord has agreed that if it proposes to
      file a registration statement under the Securities Act, it shall, at the
      request of Mr. Carson, use its best efforts to cause the managing
      underwriter or underwriters to include such shares in the registered
      offering.

Other Registration Rights 

Convertible Notes and Line of Credit Facility

During 2004, Nord issued convertible promissory notes to
Stephen Seymour and Ronald Hirsch (each, a “Lender”) in the principal amounts of
$66,000 and $106,000, respectively. The loans evidenced by these convertible
notes accrue interest at 10% per annum, are unsecured and have been extended to
mature on the earlier of: (a) July 12, 2007, and (b) the closing of (i) a
registered equity offering and/or a debt project financing in which Nord raises
not less than $25 million, or (ii) a significant corporate transaction in which
any person (either alone or together with its affiliates and associates)
acquires 51% or more of Nord’s common stock, or there is a sale, lease, exchange
or other transfer of all or substantially all of Nord’s assets or assets valued
at $12,000,000 or greater. These loans continue to be repayable upon maturity:
(a) in the case of an equity offering or a debt financing, as to 50% in cash and
as to the balance in fully paid shares of common stock at a deemed price of
$0.20 per share; (b) in the case of a significant corporate transaction or a
sale, lease or transfer of assets, solely in fully paid shares of common stock
at a deemed price of $0.20 per share; and (c) in any other case, in such mix of
cash and/or fully paid shares of common stock at a deemed price of $0.20 per
share as the holder may determine. Effective June 29, 2004, Nord issued a
convertible promissory note to Mr. Hirsch in the amount of $35,000. The debt
evidenced by this convertible note accrues interest at 10% per annum, is
unsecured and has been extended to mature on the earlier of: (a) July 12, 2007,
and (b) the closing of (i) a registered equity offering and/or a debt project
financing in which Nord raises not less than $25 million, or (ii) a significant
corporate transaction in which any person (either alone or together with its
affiliates and associates) acquires 51% or more of Nord’s common stock, or 

- 3 - 

there is a sale, lease, exchange or other transfer of all or
substantially all of Nord’s assets or assets valued at $12,000,000 or greater.
This loan is repayable upon maturity: (a) in the case of an equity offering or a
debt financing, as to 50% in cash and as to the balance in fully paid shares of
common stock at a deemed price of $0.175 per share; (b) in the case of a
significant corporate transaction or a sale, lease or transfer of assets, solely
in fully paid shares of common stock at a deemed price of $0.175 per share; and
(c) in any other case, in such mix of cash and/or fully paid shares of common
stock at a deemed price of $0.175 per share as the holder may determine. 

On June 21, 2005, Nord entered into a $600,000 revolving line
of credit agreement with the Lenders. The line of credit bears interest at a
rate equal to M&T Bank’s prime rate and is collateralized by accounts
receivable, inventory, property and equipment, and other assets. The line of
credit matures on the earlier of: (a) July 12, 2007, and (b) the closing of (i)
a registered equity offering and/or a debt project financing in which Nord
raises not less than $20 million, or (ii) a significant corporate transaction in
which any person (either alone or together with its affiliates and associates)
acquires 51% or more of Nord’s common stock, or there is a sale, lease, exchange
or other transfer of all or substantially all of Nord’s assets or assets valued
at $12,000,000 or greater. In consideration for the issuance of the line of
credit, Nord agreed to issue to the Lenders four shares of common stock and four
warrants for every $1 loaned to Nord. Nord has issued a total of 2,260,000
shares of common stock (the “Line of Credit Shares”) and 2,260,000 warrants
pursuant to the revolving line of credit (the “Line of Credit Warrant Shares”).
The convertible notes issued to the Lenders, and the line of credit facility
provided by the Lenders, are subject to “piggy-back” registration rights such
that if there is no effective registration statement covering all of the shares
issuable upon conversion of the convertible notes, the Line of Credit Shares and
the Line of Credit Warrant Shares (collectively, the “Registrable Shares”), and
Nord determines to prepare and file with the SEC a registration statement
relating to an offering for its own account or the account of others under the
Securities Act of 1933, as amended (the “Securities Act”) of any
of its equity securities (other than on Form S-4 or Form S-8 under the
Securities Act, relating to equity securities to be issued solely in connection
with any acquisition of any entity or business, or equity securities issuable in
connection with stock incentive or other employee benefit plans), then Nord
shall be required to send to the Lenders written notice of such determination
and, if within fifteen days after receipt of such notice, a Lender shall so
request in writing, Nord shall include in such registration statement all or any
part of the Registrable Shares such Lender requests to be registered. 

Settlement Agreement and General Release Agreement with
Pierce Carson 

As indicated in note 3 to the above table summarizing the
outstanding Nord Warrants, Nord has entered into a Settlement Agreement and
General Release with Pierce Carson dated April 22, 2005 that provides for
“piggy-back” registration rights respecting the 250,000 shares issuable upon
exercise of Mr. Carson’s Nord Warrants, and with respect to an additional
250,000 shares of common stock issued to Mr. Carson under the agreement. 

Employment Agreements 

Certain accrued obligations of Nord are payable in fully-paid
and non-assessable shares of common stock under the following agreements: 

- 4 - 

	(a) 	
      Amended and Restated Waiver Agreement and Amendment of
      Employment Agreement dated as of October 18, 2006 between Nord Resources
      Corporation and Ronald A. Hirsch; and

	 	 
	(b) 	
      Amended and Restated Waiver Agreement and Amendment of
      Employment Agreement dated as of October 18, 2006 between Nord Resources
      Corporation and Erland Anderson.

These agreements provide for “piggy back” registration rights
in favour of Mr. Hirsch or Mr. Anderson (each, an “Executive”), as the case may
be, such that until the earliest to occur of (A) the date as of which all the
shares may be sold by the Executive without regard to the volume limitations set
forth in Rule 144(e) under the Securities Act, and (B) such date as of which all
the shares held by the Executive have been sold, and there is not an effective
registration statement covering all of the shares, Nord shall determine to
prepare and file with the SEC a registration statement relating to an offering
for its own account or the account of others under the Securities Act, of any of
its equity securities (other than on Form S-4 or Form S-8 under the Securities
Act, or their then equivalents, relating to equity securities to be issued
solely in connection with any acquisition of any entity or business, or equity
securities issuable in connection with stock incentive or other employee benefit
plans), then Nord shall send to the Executive written notice of such
determination and, if within fifteen days after receipt of such notice, the
Executive shall so request in writing, Nord shall include in such registration
statement all or any part of the shares that the Executive requests to be
registered; provided that Nord shall not be required to register any shares
pursuant to this Section that are eligible for resale pursuant to Rule 144(k)
promulgated under the Securities Act.Filed by Automated Filing Services Inc. (604) 609-0244 - Nord Resources Corporation - Exhibit 4.75

UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF
THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE THE DATE THAT IS FOUR MONTHS
AND A DAY AFTER THE LATER OF (I) JUNE 5, 2007 AND (II) THE DATE THE ISSUER
BECAME A REPORTING ISSUER IN ANY PROVINCE OR TERRITORY OF CANADA. 

THE SECURITIES REPRESENTED HEREBY AND THE SECURITIES
ISSUABLE UPON EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”), OR ANY STATE
SECURITIES LAWS, AND HAVE BEEN OFFERED AND SOLD IN AN OFFSHORE TRANSACTION
PURSUANT TO REGULATION S PROMULGATED UNDER THE U.S. SECURITIES ACT. THEY MAY NOT
BE SOLD, OFFERED FOR SALE, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO
AN EFFECTIVE REGISTRATION STATEMENT UNDER THE U.S. SECURITIES ACT AND IN
ACCORDANCE WITH ANY APPLICABLE STATE SECURITIES LAWS, OR PURSUANT TO AN
EXEMPTION OR EXCLUSION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT AND ANY
APPLICABLE STATE SECURITIES LAWS. HEDGING TRANSACTIONS INVOLVING THE SECURITIES
MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE U.S. SECURITIES ACT. 

	AGENT’S COMPENSATION OPTION CERTIFICATE 
	  
	NORD RESOURCES CORPORATION 
	1 West Wetmore Road, Suite 203 
	Tucson, Arizona 85705 
	Telephone (520) 292-0266 Fax: (520) 292-0268
  

	OPTION CERTIFICATE NO. 001 	
      1,196,001 OPTIONS entitling the holder to
      acquire, subject to adjustment, 1,196,001
      Agent's Shares, as provided herein.

THE OPTIONS EVIDENCED HEREBY ARE EXERCISABLE ON OR BEFORE
5:00 P.M. (VANCOUVER TIME) ON JUNE 5, 2009, AFTER WHICH TIME THE OPTIONS
EVIDENCED HEREBY SHALL BE DEEMED TO BE VOID AND OF NO FURTHER FORCE OR EFFECT.
DO NOT DESTROY THIS CERTIFICATE. 

THIS IS TO CERTIFY THAT, for valuable consideration,

Blackmont Capital Inc., 
Suite 900,
181 Bay Street, 
Toronto, Ontario, M5J 2T3 

(the “Agent”), is the registered holder of 1,196,001 Agent’s
Compensation Options (the “Options”), each of which entitle the holder, subject
to the terms and conditions set forth in this Certificate, to purchase from Nord
Resources Corporation (the “Company”) one fully paid and non-assessable common
share (an “Agent’s Share”), with a par value of $0.01, in the capital of the
Company at any time commencing on the date hereof and continuing up to 5:00 p.m.
(Vancouver time) (the “Time of Expiry”) on June 5, 2009 (the “Expiry Date”) on
payment of US$0.75 per share (the “Exercise Price”). The number of Agent’s
Shares which the Agent is entitled to acquire upon exercise of the Options and
the Exercise Price are subject to adjustment as hereinafter provided. 

The Options represented by this Certificate have not been, and
the Agent’s Shares issuable upon exercise hereof, if issued prior to the
effectiveness of a registration statement with respect to resales thereof, will

-2- 

not have been, registered under the United States Securities
Act of 1933, as amended, (the “U.S. Securities Act”) and the Options have
been be issued pursuant to exemptions from the registration requirements of the
U.S. Securities Act. The Options and the Agent’s Shares issuable upon exercise
hereof may not be sold, transferred, pledged or hypothecated in the absence of
(a) an effective registration statement under the U.S. Securities Act relating
thereto or (b) an exemption from the registration requirements of the U.S.
Securities Act and all applicable state securities laws, after providing a legal
opinion satisfactory to the Company confirming that such transfer is not subject
to registration under the U.S. Securities Act and applicable state securities
laws. Each certificate representing Agent’s Shares, if issued prior to the
effectiveness of a registration statement with respect to resales thereof and to
the delivery of an opinion of U.S. counsel to the Company that such securities
no longer require a restrictive U.S. legend, shall contain a legend on the face
thereof in the appropriate form, setting forth the restrictions on the transfer
referred to herein. Each Certificate issued in substitution for or to replace
this Certificate shall contain a legend on the face thereof, in the appropriate
form, setting forth the restrictions on transfer referred to herein. The holder
acknowledges and agrees that the Options represented by this Certificate
constitute, and the Agent’s Shares issuable upon exercise of the Options may
constitute, “restricted securities” under the U.S. Securities Act. Further, the
holder agrees not to engage in hedging transactions with regard to the Options
or Agent’s Shares except in compliance with the U.S. Securities Act. 

	1. 	Exercise of Agent’s Options
  

	 	(a) 	
      Notice of Exercise. The rights evidenced by this
      Certificate may be exercised by the Agent in whole or in part in
      accordance with the provisions hereof by delivery of a notice of exercise
      in substantially the form attached hereto as Schedule “A” (the “Notice of
      Exercise”), properly completed and executed, together with payment of the
      Exercise Price by certified cheque, bank draft or money order payable to
      the order of the Company for the number of Agent’s Shares specified in the
      Notice of Exercise at the principal office of the Company, at its head
      office or such other address in Canada as may be notified in writing by
      the Company (the “Company Office”). In the event that the rights evidenced
      by this Certificate are exercised in part, the Company shall,
      contemporaneously with the issuance of the Agent’s Shares issuable on the
      exercise of the Options so exercised, issue to the Agent a certificate on
      identical terms in respect of that number of Options in respect of which
      the Agent has not exercised the rights evidenced by this
    Certificate.

	 	 	 
	 	(b) 	
      Exercise. The Company shall, on the date it
      receives a duly executed Notice of Exercise and the Exercise Price for the
      number of Agent’s Shares specified in the Notice of Exercise (the
      “Exercise Date”), issue that number of Agent’s Shares specified in the
      Notice of Exercise, and such Agent’s Shares shall be issued as fully paid
      and non- assessable common shares in the capital of the Company.

	 	 	 
	 	(c) 	
      Certificates. As promptly as practicable after the
      Exercise Date and, in any event, within five (5) business days of receipt
      of the Notice of Exercise and the Exercise Price for the number of Agent’s
      Shares specified in the Notice of Exercise, the Company shall issue and
      deliver or cause to be issued and delivered to the Agent, registered in
      such name or names as the Agent may direct or, if no such direction has
      been given, in the name of the Agent described above, a certificate or
      certificates for the number of Agent’s Shares specified in the Notice to
      Exercise. To the extent permitted by law, such exercise shall be deemed to
      have been effected as of the close of business on the Exercise Date, and
      at such time the rights of the Agent with respect to the number of Options
      which have been exercised as such shall cease, and the person or persons
      in whose name or names any

-3- 

	 		
      certificate or certificates for Agent’s Shares shall then
      be issuable upon such exercise shall be deemed to have become the holder
      or holders of record of the Agent’s Shares represented hereby.

	 	 	 
	 	(d) 	
      Not a Shareholder. Nothing contained in this
      Certificate shall be construed as conferring upon the Agent any right or
      interest whatsoever as a holder of common shares of the Company or any
      other right or interest except as herein expressly provided.

	 	 	 
	 	(e) 	
      Fractional Shares. No fractional Agent’s Shares
      shall be issued upon exercise of any Options and no payment or adjustment
      shall be made upon any exercise on account of any cash dividends on the
      Agent’s Shares issued upon such exercise. If the number of Agent’s Shares
      to which the Agent would otherwise so be entitled upon exercise of any
      Options is not a whole number, then the number of Agent’s Shares to be
      issued shall be rounded down to the next whole number.

	 	 	 
	 	(f) 	
      Exercise in Whole or in Part. The Agent may
      exercise less than all of the Options evidenced hereby and in the case of
      any such partial exercise shall be entitled to receive a new Certificate,
      in substantially the same form as this Certificate, evidencing the number
      of Options held by the Agent which remain unexercised.

	 	 	 
	 	(g) 	
      Canadian Legends: Certificates representing
      Agent’s Shares issued upon the conversion of Options and without the
      British Columbia Securities Commission, as the principal regulator under
      National Policy 43-201 and the MRRS, having issued a decision document
      evidencing that each of the Securities Commissions has issued a receipt
      for the Final Prospectus, shall bear the following legend:

	 	 	 
	 		
      "UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE
      HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE THE DATE THAT
      IS FOUR MONTHS AND A DAY AFTER THE LATER OF (I) JUNE 5, 2007 AND (II) THE
      DATE THE ISSUER BECAME A REPORTING ISSUER IN ANY PROVINCE OR TERRITORY OF
      CANADA.".

	 	 	 
	 	(h) 	
      U.S. Legends: Unless the Agent’s Shares have been
      registered pursuant to an effective registration statement filed with the
      United States Securities and Exchange Commission, pursuant to the U.S.
      Securities Act and the Company’s U.S. counsel has provided an opinion that
      such legend is not required under the U.S. Securities Act, the Agent’s
      Shares shall bear the following legend:

	 	 	 
	 		
      “THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN
      REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
      “U.S. SECURITIES ACT”), OR ANY STATE SECURITIES LAWS, AND HAVE BEEN
      OFFERED AND SOLD IN AN OFFSHORE TRANSACTION PURSUANT TO REGULATION S
      PROMULGATED UNDER THE U.S. SECURITIES ACT. THEY MAY NOT BE SOLD, OFFERED
      FOR SALE, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE
      REGISTRATION STATEMENT UNDER THE U.S. SECURITIES ACT AND IN ACCORDANCE
      WITH ANY APPLICABLE STATE SECURITIES LAWS, OR PURSUANT TO AN EXEMPTION OR
      EXCLUSION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT AND ANY
      APPLICABLE STATE SECURITIES LAWS. HEDGING TRANSACTIONS INVOLVING THE
      SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE U.S.
      SECURITIES ACT.”

-4- 

provided that, if any such Agent’s
Shares are being sold pursuant to Rule 144 under the U.S. Securities Act, the
legend may be removed by delivery to the registrar and transfer agent for the
Agent’s Shares and the Company of any opinion of counsel, of recognized standing
reasonably satisfactory to the Company, that such legend is no longer required
under applicable requirements of the U.S. Securities Act or state securities
laws. 

	2. 	Adjustment to Subscription Rights
  

     From and after the date hereof, the
Exercise Price and the number of Agent’s Shares deliverable upon the exercise of
the Options will be subject to adjustment in the events and in the following
manner: 

	 	(a) 	
      In case of any reclassification of the common shares of
      the Company or change of the common shares of the Company into other
      shares, or in case of the consolidation, merger, reorganization or
      amalgamation of the Company with or into any other corporation or entity
      which results in any reclassification of the common shares or a change of
      the common shares into other shares, or in case of any transfer of the
      undertaking or assets of the Company as an entirety or substantially as an
      entirety to another person (any such event being hereinafter referred to
      as a “Reclassification of Common Shares”), at any time prior to the Time
      of Expiry, the Agent shall, after the effective date of such
      Reclassification of Common Shares and upon exercise of the right to
      purchase Agent’s Shares hereunder, be entitled to receive, and shall
      accept, in lieu of the number of Agent’s Shares to which the Agent was
      theretofore entitled upon such exercise, the kind and amount of shares and
      other securities or property which the Agent would have been entitled to
      receive as a result of such Reclassification of Common Shares if, on the
      effective date thereof, the Agent had been the registered holder of the
      number of common shares to which the Agent was theretofore entitled upon
      such exercise. If necessary, appropriate adjustments shall be made in the
      application of the provisions set forth in this section with respect to
      the rights and interests thereafter of the Agent to this Option
      certificate such that the provisions set forth in this section shall
      thereafter correspondingly be made applicable as nearly as may be
      reasonable in relation to any shares or other securities or property
      thereafter deliverable upon the exercise of the Options evidenced
      hereby.

	 	 	 	 
	 	(b) 	
      If and whenever at any time prior the Time of Expiry the
      Company shall:

	 	 	 	 
	 		(i) 	
      subdivide its common shares into a greater number of
      shares;

	 	 	 	 
	 		(ii) 	
      consolidate its common shares into a lesser number of
      shares; or

	 	 	 	 
	 		(iii) 	
      issue common shares or Convertible Securities (as defined
      below in paragraph (g)) to all or substantially all of the holders of
      common shares by way of a stock dividend or other distribution on its
      common shares payable in common shares or Convertible
  Securities;

(any such event being hereinafter
referred to as “Capital Reorganization”) and any such event results in an
adjustment in the Exercise Price pursuant to paragraph (c), the number of
Agent’s Shares purchasable pursuant to the Options evidenced hereby shall be
adjusted contemporaneously with the adjustment of the Exercise Price by
multiplying the number of Agent’s Shares theretofore purchasable on the exercise
thereof by a fraction the numerator of which shall be the Exercise Price in
effect immediately prior to such adjustment and the denominator of which shall
be the Exercise Price resulting from such adjustment. 

-5- 

	 	(c) 	
      If and whenever at any time prior to the Time of Expiry,
      the Company shall engage in a Capital Reorganization, the Exercise Price
      shall, on the effective date, in the case of a subdivision or
      consolidation, or on the record date, in the case of a stock dividend, be
      adjusted by multiplying the Exercise Price in effect on such effective
      date or record date by a fraction: (A) the numerator of which shall be the
      number of common shares outstanding before giving effect to such Capital
      Reorganization; and (B) the denominator of which is the number of common
      shares outstanding after giving effect to such Capital Reorganization. The
      number of common shares outstanding shall include the deemed conversion
      into or exchange for common shares of any Convertible Securities
      distributed by way of stock dividend or other such distribution. Such
      adjustment shall be made successively whenever any event referred to in
      this paragraph shall occur.

	 	 	 
	 	(d) 	
      Any issue of common shares or Convertible Securities by
      way of a stock dividend or other such distribution shall be deemed to have
      been made on the record date thereof for the purpose of calculating the
      number of outstanding common shares under paragraphs (e) and
(f).

	 	 	 
	 	(e) 	
      If and whenever at any time prior to the Time of Expiry,
      the Company shall fix a record date for the issuance of rights, options or
      warrants (other than the Options evidenced hereby) to all or substantially
      all the holders of common shares entitling them, for a period expiring not
      more than 45 days after such record date, to subscribe for or purchase
      common shares or Convertible Securities at a price per share (or having a
      conversion or exchange price per share) of less than 95% of the Current
      Market Price (as defined below) of the common shares on such record date
      (any such event being hereinafter referred to as a “Rights Offering”), the
      Exercise Price shall be adjusted immediately after such record date so
      that it shall equal the price determined by multiplying the Exercise Price
      in effect on such record date by a fraction:

	 	(i) 	
      the numerator of which shall be the aggregate of: (A) the
      number of common shares outstanding on such record date; and (B) a number
      determined by dividing whichever of the following is applicable by the
      Current Market Price of the common shares on the record date: (1) the
      amount obtained by multiplying the number of common shares which the
      holders of common shares are entitled to subscribe for or purchase by the
      subscription or purchase price; or (2) the amount obtained by multiplying
      the maximum number of common shares which the holders of common shares are
      entitled to receive on the conversion or exchange of the Convertible
      Securities by the conversion or exchange price per share; and

	 	 	 
	 	(ii) 	
      the denominator of which shall be the aggregate of: (A)
      the number of common shares outstanding on such record date; and (B)
      whichever of the following is applicable: (1) the number of common shares
      which the holders of common shares are entitled to subscribe for or
      purchase; or (2) the maximum number of common shares which the holders of
      common shares are entitled to receive on the conversion or exchange of the
      Convertible Securities.

Any common shares owned by or held for
the account of the Company shall be deemed not to be outstanding for the purpose
of any such computation. Such adjustment shall be made successively whenever
such a record date is fixed. 

-6- 

	 		
      To the extent that such Rights Offering is not so made or
      any such rights, options or warrants are not exercised prior to the
      expiration thereof, the Exercise Price shall then be readjusted to the
      Exercise Price which would then be in effect if such record date had not
      been fixed or if such expired rights, options or warrants had not been
      issued.

	 	 	 	 
	 	(f) 	
      If and whenever at any time prior to the Time of Expiry,
      the Company shall fix a record date for the distribution to all or
      substantially all the holders of common shares of:

	 	 	 	 
	 		(i) 	
      shares of any class, whether of the Company or any other
      corporation;

	 	 	 	 
	 		(ii) 	
      rights, options or warrants;

	 	 	 	 
	 		(iii) 	
      evidences of indebtedness; or

	 	 	 	 
	 		(iv) 	
      other assets or property;

	 	 	 	 
	 		
      and if such distribution does not constitute a Capital
      Reorganization or a Rights Offering or does not consist of rights, options
      or warrants entitling the holders of common shares to subscribe for or
      purchase common shares or Convertible Securities for a period expiring not
      more than 45 days after such record date and at a price per share (or
      having a conversion or exchange price per share) of at least 95% of the
      Current Market Price of the common shares on such record date (any such
      non-excluded event being hereinafter referred to as a “Special
      Distribution”) the Exercise Price shall be adjusted immediately after such
      record date so that it shall equal the price determined by multiplying the
      Exercise Price in effect on such record date by a fraction: (I) the
      numerator of which shall be the amount by which (A) the amount obtained by
      multiplying the number of common shares outstanding on such record date by
      the Current Market Price of the common shares on such record date, exceeds
      (B) the fair market value (as determined by the directors of the Company,
      which determination shall be conclusive) to the holders of such common
      shares of such Special Distribution; and (II) the denominator of which
      shall be the total number of common shares outstanding on such record date
      multiplied by such Current Market Price.

	 	 	 	 
	 		
      Any common shares owned by or held for the account of the
      Company shall be deemed not to be outstanding for the purpose of any such
      computation. Such adjustment shall be made successively whenever such a
      record date is fixed.

	 	 	 	 
	 		
      To the extent that such Special Distribution is not so
      made or any such rights, options or Options are not exercised prior to the
      expiration thereof, the Exercise Price shall then be readjusted to the
      Exercise Price which would then be in effect if such record date had not
      been fixed or if such expired rights, options or Options had not been
      issued.

	 	 	 	 
	 	(g) 	
      For the purpose of these Options, “Convertible Security”
      means a security convertible into or exchangeable for a common
    share.

	 	 	 	 
	 	(h) 	
      No adjustment pursuant to the Option certificate shall be
      made in respect of dividends (payable in cash or common shares) declared
      payable on the common shares in any fiscal year of the Company to the
      extent that such dividends, when aggregated with any dividends previously
      declared payable on the common shares in such fiscal year, do not exceed
      15% of the aggregate consolidated net income of the Company, before
      extraordinary items, for its immediately preceding fiscal
  year.

-7- 

	 	(i) 	
      In any case in which the Option certificate shall require
      that an adjustment shall become effective immediately after a record date
      for an event referred to herein, the Company may defer, until the
      occurrence of such event, issuing to the Agent, upon the exercise of the
      Options evidenced hereby after such record date and before the occurrence
      of such event, the additional common shares issuable upon such exercise by
      reason of the adjustment required by such event; provided, however, that
      the Company shall deliver to the Agent an appropriate instrument
      evidencing the Agent's right to receive such additional common shares upon
      the occurrence of the event requiring such adjustment and the right to
      receive any distributions made on such additional common shares on and
      after such exercise.

	 	 	 
	 	(j) 	
      The adjustments provided for in the Option certificate
      are cumulative, shall, in the case of adjustments to the Exercise Price,
      be computed to the nearest one-tenth of one cent and shall apply (without
      duplication) to successive Reclassifications of Common Shares, Capital
      Reorganizations, Rights Offerings and Special Distributions; provided
      that, notwithstanding any other provision of this section, no adjustment
      of the Exercise Price shall be required unless such adjustment would
      require an increase or decrease of at least 1% of the Exercise Price then
      in effect (except upon a consolidation of the outstanding common shares)
      (provided, however, that any adjustments which by reason of this paragraph
      are not required to be made shall be carried forward and taken into
      account in any subsequent adjustment).

	 	 	 
	 	(k) 	
      No adjustment in the number of common shares which may be
      purchased upon exercise of the Options evidenced hereby or in the Exercise
      Price shall be made pursuant to this Option certificate if the Agent is
      entitled to participate in such event on the same terms mutatis
      mutandis as if the Agent had exercised the Options evidenced hereby
      for common shares prior to the effective date or record date of such
      event.

	 	 	 
	 	(l) 	
      In the event of any question arising with respect to the
      adjustments provided in this Option certificate, such question shall
      conclusively be determined by a firm of chartered accountants appointed by
      the Company and acceptable to the Agent (which firm may be the Company's
      auditors). Such accountants shall have access to all necessary records of
      the Company and such determination shall be binding upon the Company and
      the Agent.

	 	 	 
	 	(m) 	
      As a condition precedent to the taking of any action
      which would require an adjustment in the subscription rights pursuant to
      the Options, including the Exercise Price and the number of such classes
      of shares or other securities or property which are to be received upon
      the exercise thereof, the Company shall take all corporate action which
      may, in the opinion of counsel, be necessary in order that the Company has
      reserved and there will remain unissued out of its authorized capital a
      sufficient number of common shares for issuance upon the exercise of the
      Options evidenced hereby, and that the Company may validly and legally
      issue as fully paid and non-assessable all the shares of such classes or
      other securities or may validly and legally distribute the property which
      the Agent is entitled to receive on the full exercise thereof in
      accordance with the provisions hereof.

	 	 	 
	 	(n) 	
      Prior to the effective date or record date, as the case
      may be, of any event which requires an adjustment in the subscription
      rights pursuant to this Option certificate, including the Exercise Price
      and the number and classes of shares or other securities or property which
      are to be received upon the exercise thereof, the Company shall give
      notice to the Agent of the particulars of such event and the required
      adjustment.

-8- 

     For the purpose of any computation
under this Option certificate, the “Current Market Price” at any date shall mean
the price per common share equal to the weighted average price per common share
being determined by dividing the aggregate sale price of all common shares sold
on the Pink Sheets LLC for any 20 consecutive trading days immediately preceding
such date by the aggregate number of common shares so sold, or, if the common
shares of the Company are then listed on a more senior stock exchange, the
volume weighted average price at which the Shares have traded on such stock
exchange for such 20 consecutive trading day period, or, if not traded on any
recognized market or exchange, as determined by the directors, acting
reasonably; 

	3. 	Replacement 

     Upon receipt of evidence
satisfactory to the Company of the loss, theft, destruction or mutilation of
these Options and, if requested by the Company, upon delivery of a bond of
indemnity satisfactory to the Company (or, in the case of mutilation, upon
surrender of these Options) the Company will issue to the Option holder a
replacement Certificate evidencing these Options (containing the same terms and
conditions as this Certificate). 

	4. 	Transfer of Options 

     The Options represented by this
Certificate and the rights thereunder may not be assigned or transferred. 

	5. 	Expiry Date 

     The Options shall expire and all
rights to purchase Agent’s Shares hereunder shall cease and become null and void
at the Time of Expiry on the Expiry Date. 

	6. 	Inability to Deliver Shares
  

     If for any reason, other than the
failure or default of the Agent, the Company is unable to issue and deliver the
Agent’s Shares or other securities as contemplated herein to the Agent upon the
proper exercise by the Agent of the right to purchase any of the Agent’s Shares
covered by this Certificate, the Company may pay, at its option and in complete
satisfaction of its obligations hereunder, to the Agent, in cash, an amount
equal to the difference between the Exercise Price and the fair market value of
such Agent’s Shares or other securities on the Exercise Date. 

	7. 	Governing Law 

     This Certificate shall be
governed by, and interpreted in accordance with, the laws of the Province of
British Columbia and federal laws of Canada applicable therein.

	8. 	Successors 

     This Certificate shall enure to
the benefit of and shall be binding upon the Agent and the Company and their
respective successors. 

	9. 	Notices 

     Any notice, direction or other
communication hereunder shall be in writing and shall be given by delivery or by
facsimile transmission (if receipt of such transmission is confirmed): 

-9- 

	 	(a) 	if to the Company at: 
	 	  	  	  
	 	  	Nord Resources Corporation 
	 	  	1 West Wetmore Road, Suite 203 
	 	 	Tucson, Arizona 85705
    
	 	  	  	  
	 	  	Attention: 	John Perry 
	 	  	Facsimile: 	(520) 292-0268 
	 	  	  	  
	 	(b) 	if to the Agent at: 
	 	  	  	  
	 	  	  	  
	 	 . 	Blackmont Capital Inc
    
	 	 	181 Bay Street, Suite
      900 
	 	 	Toronto, Ontario M5J
      2T3 
	 	  	  	  
	 	  	Attention: 	Chad Williams 
	 	  	Facsimile: 	416-864-9024 

Any such notice shall be deemed to have been given if delivered
by courier during normal business hours of the recipient on a business day, on
the day following the date of delivery and if sent by facsimile transmission, on
the business day so sent provided that any delivery made or sent by facsimile
after 5:00 p.m. (Vancouver time) on a business day, shall be deemed to be
received on the next following business day. 

-10- 

IN WITNESS WHEREOF the Company has caused this
Certificate to be signed by its duly authorized officer. 

DATED as of the 5th day of June, 2007. 

	 	NORD RESOURCES CORPORATION
  
	 	  	  
	 	  	  
	 	  	  
	 	By: 	/s/
      John T. Perry 
	 	  	Authorized Signatory 

-1- 

Schedule “A” 

Notice of Exercise 

	To: 	Nord Resources Corporation 
	  	1 West Wetmore Road, Suite 203 
	  	Tucson, Arizona 85705 
	  	Telephone (520) 292-0266 Fax: (520) 292-0268
  

The undersigned hereby irrevocably elects to exercise the
number of Options of Nord Resources Corporation set out below for the number of
Agent’s Shares as set forth below: 

Options to be Exercised: 

	 	(a) 	Number of Options to be Exercised: 	  	 
	 	 	 	 	 
	 	(b) 	Number of Agent’s Shares to be Acquired:
    	  	 
	 	 	 	 	 
	 	(c) 	Exercise Price per Agent’s Share: 	US $0.75 	 
	 	 	 	 	 
	 	(d) 	Total Purchase Price [(a) multiplied
      by (c)] 	$________________	 

and hereby tenders a certified cheque, bank draft or cash for
such total aggregate purchase price, and directs such Agent’s Shares to be
registered and a certificate therefor to be issued as directed below. 

The undersigned represents and warrants that it (1) is not in
the United States; (2) is not a U.S. person and is not exercising the Options
for, or on behalf or benefit of, a U.S. person or person in the United States;
(3) did not execute or deliver this Notice of Exercise in the United States; (4)
will not engage in hedging transactions with regard to the Agent’s Shares prior
to the expiration of the one-year distribution compliance period set forth in
Rule 903(b)(3) of Regulation S under the United States Securities Act of
1933, as amended (the “U.S. Securities Act”), and (5) acknowledges that the
Company shall refuse to register any transfer of the Agent’s Shares not made in
accordance with the provisions of Regulation S, pursuant to registration under
the U.S. Securities Act, or pursuant to an available exemption from registration
under the U.S. Securities Act; and (6) has not engaged in, or exercised Options
as a result of, any “directed selling efforts” (as defined in Regulation S) in
the United States. “United States” and “U.S. person” shall have the respective
meanings assigned thereto in Regulation S. 

DATED this ___________day of _____________________,
_________. 

	 	(Registered Holder - Print) 
	 	 	 
	 	 Per: 	

-2- 

Direction as to Registration 

	Name of Registered Holder 	 
	 	 
	Address of Registered Holder: 	 
	 	 
	 	 
	 	 
	 	 
	 	 

Instructions: 

1. The registered holder may exercise its right to receive
securities by completing this form and surrendering this form and the Option
Certificate representing the Options being exercised together with payment of
the exercise price to the registered office of the Company at 1 West Wetmore
Road, Suite 203, Tucson, Arizona 85705.

2. Certificates for the securities being purchased shall be
delivered or mailed within five (5) business days after the exercise of the
Options. 

3. If the Exercise Form is signed by an officer of a
corporation or any person acting in a fiduciary or representative capacity, the
certificate must be accompanied by evidence of authority to sign satisfactory to
the Company. 

4. If the registered holder exercises its right to receive
securities prior to the expiry of the “restricted period”, the securities being
acquired shall be subject to a restricted period and may be issued with a legend
reflecting such restricted period.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}]]