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Unassociated Document

    EMPLOYMENT
      AGREEMENT

    

    AGREEMENT
      (the
      “AGREEMENT”),
      dated
      June —, 2008 by and between SFH
      I Acquisition Corp.
      (the
      “COMPANY”),
      and
      Sanjiw
      Kumar Siugh (the
      “EXECUTIVE”).

    

    W
      I T N E S S E T H:

    

    WHEREAS,
      the
      Company desires to employ the Executive as its Chief Executive Officer upon
      the
      terms and subject to the conditions contained in this Agreement;
      and

    

    WHEREAS,
      the
      Company is currently has
      acquired
      all of the issued and outstanding equity interest in Protech Biosystems Pvt.
      Ltd
      (“Protech”); and

    

    WHEREAS,
      the
      Executive currently was
      serving
      as the
      Chief Executive Officer of Protech; and

    

    WHEREAS,
      subject
      to the closing of the acquisition of Protech, the Company desires to retain
      the
      services of the Executive as the Company’s chief executive officer.

    

    NOW,
      THEREFORE, in consideration of the mutual covenants and agreements herein
      contained, the parties hereto hereby agree as follows:

    

    1.
      Employment.

    

    (a)
      Services. The Executive will be employed by the Company as its Chief Executive
      Officer. The Executive will be primarily responsible for the operations
      of the Company and oversee the
      operations of Protech. The Executive will report to the Board of Directors
      of
      the Company (the “Board”) and shall perform such duties as are consistent with
      the position as Chief Executive Officer (the “Services”). The Executive agrees
      to perform such duties faithfully, to devote all of his working time, attention
      and energies to the business of the Company, and while he remains employed,
      not
      to engage in any other business activity that is in conflict with your duties
      and obligations to the Company. The
      executive will receive not receive any compensation as a result of any services
      provided for and on behalf of Protech.

    

    (b)
      Acceptance. Executive hereby accepts such employment and agrees to render the
      Services.

    

    2.
      Term.

    

    The
      Executive’s employment under this Agreement (the “Term”) shall commence as of
      the Effective Date (as hereinafter defined) and shall continue for a term of
      two
      (2) years, unless sooner terminated pursuant to Section 9 of this Agreement.
      Notwithstanding anything to the contrary contained herein, the provisions of
      this Agreement governing protection of Confidential Information shall continue
      in effect as specified in Section 6 hereof and survive the expiration or
      termination hereof. The Term may be extended for additional one (1) year periods
      upon mutual written consent of the Executive and the

    Board.

    

    3.
      Best Efforts; Place of Performance.

    

    (a)
      The
      Executive shall devote substantially all of his business time, attention and
      energies to the business and affairs of the Company and shall use his best
      efforts to advance the best interests of the Company and shall not during the
      Term be actively engaged in any other business activity, whether or not such
      business activity is pursued for gain, profit or other pecuniary advantage,
      that
      will interfere with the performance by the Executive of his duties hereunder
      or
      the Executive’s availability to perform such duties or that will adversely
      affect, or negatively reflect upon, the Company.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (b)
      The
      duties to be performed by the Executive hereunder shall be performed primarily
      at Protech’s corporate offices, or such other place as the Board may reasonably
      designate.

    

    4.
      Directorship.

    

    The
      Company shall use its best efforts to cause the Executive to be elected as
      a
      member of its Board of Directors throughout the Term and shall include him
      in
      the management slate for election as a director at every stockholders meeting
      during the Term at which his term as a director would otherwise expire. The
      Executive agrees to accept election, and to serve during the Term, as director
      of the Company, without any additional compensation therefor other than as
      specified in this Agreement.

    

    5.
      Compensation.

    

    As
      full
      compensation for the performance by the Executive of his duties under this
      Agreement, the Company shall pay the Executive as follows:

    

    (a)
      Base
      Salary. The Company shall pay Executive a salary (the “Base Salary”) equal to
      $84,000 per year. Payment shall be made monthly, on the last day of each
      calendar month or as agreed between the Company and the Executive. Said payment
      shall be in lieu of any other compensation currently being paid to the Executive
      by Protech. No payments will be made to the Executive as compensation in
      connection with any services provided as an officer or director of
      SFH.

    

    (b)
      Discretionary Bonus. At the sole discretion of the Board of Directors of the
      Company, the Executive shall receive an additional annual bonus based upon
      his
      performance on behalf of the Company during the prior year. Factors to be
      considered by the Board of Directors shall include, but not be limited to,
      the
      growth and profitability of Protech. The Discretionary Bonus shall be payable
      either as a lump-sum payment or in installments as determined by the Board
      of
      Directors of the Company in its sole discretion. In addition, the Board of
      Directors of the Company shall annually review the Bonus to determine whether
      an
      increase in the amount thereof is warranted.

    

    (c)
      Expenses. The Company shall reimburse the Executive for all normal, usual and
      necessary expenses incurred by the Executive in furtherance of the business
      and
      affairs of the Company, including reasonable travel and entertainment, upon
      timely receipt by the Company of appropriate vouchers or other proof of the
      Executive’s expenditures and otherwise in accordance with any expense
      reimbursement policy as may from time to time be adopted by the
      Company.

    

    (d)
      Executive shall receive a housing allowance not to exceed $1,500 per month
      in
      connection with any hotel or accommodation expense incurred by the Employee
      in
      connection with any travel. In addition, the Executive shall be reimbursed
      for
      all reasonable expenses incurred in connection with the performance of the
      Executive’s job.

    

    (e)
      Executive shall be entitled to medical coverage to the same extent that other
      employees of the Company are offered medical coverage. Executive shall be
      entitled to up to 6 weeks absence for medical emergencies. The Company may
      require in its sole discretion, proof of medical emergency or
      necessity.

    

    (f)
      Executive shall, during the Term, be entitled to two weeks vacation per annum,
      in addition to holidays observed by the Company, The Executive shall not be
      entitled to carry any vacation forward to the next year of employment and shall
      not receive any compensation for unused vacation days.

     

    
      
         

      

      
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    6.
      Confidential Information and Inventions.

    

    (a)
      The
      Executive recognizes and acknowledges that in the course of his duties he is
      likely to receive confidential or proprietary information owned by the Company,
      its affiliates or third parties with whom the Company or any such affiliates
      has
      an obligation of confidentiality. Accordingly, during and after the Term, the
      Executive agrees to keep confidential and not disclose or make accessible to
      any
      other person or use for any other purpose other than in connection with the
      fulfillment of his duties under this Agreement, any Confidential and Proprietary
      Information (as defined below) owned by, or received by or on behalf of, the
      Company or any of its affiliates. “Confidential and Proprietary Information”
shall include, but shall not be limited to, business plans (both current and
      under development), client lists, promotion and marketing programs, trade
      secrets, or any other confidential or proprietary business information relating
      to business operations of the Company The Executive expressly acknowledges
      the
      trade secret status of the Confidential and Proprietary Information and that
      the
      Confidential and Proprietary Information constitutes a protectable business
      interest of the Company. The Executive agrees:(i) not to use any such
      Confidential and Proprietary Information for himself or others; and (ii) not
      to
      take any Company material or reproductions (including but not limited to
      writings, correspondence, notes, drafts, records, invoices, technical and
      business policies, computer programs or disks) thereof from the Company’s
      offices at any time during his employment by the Company, except as required
      in
      the execution of the Executive’s duties to the Company. The Executive agrees to
      return immediately all Company material and reproductions (including but not
      limited, to writings, correspondence, notes, drafts, records, invoices,
      technical and business policies, computer programs or disks) thereof in his
      possession to the Company upon request and in any event immediately upon
      termination of employment.

    

    (b)
      Except with prior written authorization by the Company, the Executive agrees
      not
      to disclose or publish any of the Confidential and Proprietary Information,
      or
      business information of any other party to whom the Company or any of its
      affiliates owes an obligation of confidence, at any time during or after his
      employment with the Company.

    

    7.
      Non-Competition, Non-Solicitation and Non-Disparagement.

    

    (a)
      The
      Executive understands and recognizes that his services to the Company are
      special and unique and that in the course of performing such services the
      Executive will have access to and knowledge of Confidential and Proprietary
      Information (as defined in Section 6) and the Executive agrees that, during
      the
      Term and for a period of six (6) months thereafter, he shall not in any manner,
      directly or indirectly, on behalf of himself or any person, firm, partnership,
      joint venture, corporation or other business entity (“PERSON”), enter into or
      engage in any business which is engaged in any business directly or indirectly
      competitive with the business of the Company, either as an individual for his
      own account, or as a partner, joint venture, owner, executive, employee,
      independent contractor, principal, agent, consultant, salesperson, officer,
      director or shareholder of a Person in a business competitive with the Company
      within the geographic area of the Company’s business, which is deemed by the
      parties hereto to be the United States. The Executive acknowledges that, due
      to
      the unique nature of the Company’s business, the loss of any of its clients or
      business flow or the improper use of its Confidential and Proprietary
      Information could create significant instability and cause substantial damage
      to
      the Company and its affiliates and therefore the Company has a strong legitimate
      business interest in protecting the continuity of its business interests and
      the
      restriction herein agreed to by the Executive narrowly and fairly serves such
      an
      important and critical business interest of the Company. For purposes of this
      Agreement, the Company shall be deemed to be actively engaged in the business
      of
      developing generic drugs. Notwithstanding the foregoing, nothing contained
      in
      this Section 7(a) shall be deemed to prohibit the Executive from (i) acquiring
      or holding, solely for investment, publicly traded securities of any
      corporation, some or all of the activities of which are competitive with the
      business of the Company so long as such securities do not, in the aggregate,
      constitute more than three percent (3%) of any class or series of outstanding
      securities of such corporation.

     

    
      
         

      

      
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    (b)
      During the Term and for a period of 6 months thereafter, the Executive shall
      not, directly or indirectly, without the prior written consent of the
      Company:

    

    (i)
      solicit or induce any employee of the Company or any of its affiliates to leave
      the employ of the Company or any such affiliate; or hire for any purpose any
      employee of the Company or any affiliate or any employee who has left the
      employment of the Company or any affiliate within one year of the termination
      of
      such employee’s employment with the Company or any such affiliate or at any time
      in violation of such employee’s non-competition agreement with the Company or
      any such affiliate; or

    

    (ii)
      solicit or accept employment or be retained by any Person who, at any time
      during the term of this Agreement, was an agent, client or customer of the
      Company or any of its affiliates where his position will be related to the
      business of the Company or any such affiliate; or (iii) solicit or accept the
      business of any agent, client or customer of the Company or any of its
      affiliates with respect to products, services or investments similar to those
      provided or supplied by the Company or any of its affiliates.

    

    (c)
      The
      Company and the Executive each agree that both during the Term and at all times
      thereafter, neither party shall directly or indirectly disparage, whether or
      not
      true, the name or reputation of the other party or any of its affiliates,
      including but not limited to, any officer, director, employee or shareholder of
      the Company or any of its affiliates.

    

    (d)
      In
      the event that the Executive breaches any provisions of Section 6 or this
      Section 7 or there is a threatened breach, then, in addition to any other rights
      which the Company may have, the Company shall (i) be entitled, without the
      posting of a bond or other security, to injunctive relief to enforce the
      restrictions contained in such Sections and (ii) have the right to require
      the
      Executive to account for and pay over to the Company all compensation, profits,
      monies, accruals, increments and other benefits (collectively ‘BENEFITS”)
      derived or received by the Executive as a result of any transaction constituting
      a breach of any of the provisions of Sections 6 or 7 and the Executive hereby
      agrees to account for and pay over such Benefits to the Company.

    

    (e)
      Each
      of the rights and remedies enumerated in Section 7(d) shall be independent
      of
      the others and shall be in addition to and not in lieu of any other rights
      and
      remedies available to the Company at law or in equity. If any of the covenants
      contained in this Section 7, or any part of any of them, is hereafter construed
      or adjudicated to be invalid or unenforceable, the same shall not affect the
      remainder of the covenant or covenants or rights or remedies which shall be
      given fill effect without regard to the invalid portions. If any of the
      covenants contained in this Section 7 is held to be invalid or unenforceable
      because of the duration of such provision or the area covered thereby, the
      parties agree that the court making such determination shall have the power
      to
      reduce the duration and/or area of such provision and in its reduced form such
      provision shall then be enforceable. No such holding of invalidity or
      unenforceability in one jurisdiction shall bar or in any way affect the
      Company’s right to the relief provided in this Section 7 or otherwise in the
      courts of any other state or jurisdiction within the geographical scope of
      such
      covenants as to breaches of such covenants in such other respective states
      or
      jurisdictions, such covenants being, for this purpose, severable into diverse
      and independent covenants.

    

    (f)
      The
      provisions of this Section 7 shall survive any termination of this
      Agreement.

     

    
      
         

      

      
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    8.
      Representations and Warranties by the Executive.

    

    The
      Executive hereby represents and warrants to the Company as follows:

    

    (i)
      Neither the execution or delivery of this Agreement nor the performance by
      the
      Executive of his duties and other obligations hereunder violate or will violate
      any statute, law, determination or award, or conflict with or constitute a
      default or breach of any covenant or obligation under (whether immediately,
      upon
      the giving of notice or lapse of time or both) any prior employment agreement,
      contract, or other instrument to which the Executive is a party or by which
      he
      is bound.

    

    (ii)
      The
      Executive has the full right, power and legal capacity to enter and deliver
      this
      Agreement and to perform his duties and other obligations hereunder. This
      Agreement constitutes the legal, valid and binding obligation of the Executive
      enforceable against him in accordance with its terms. No approvals or consents
      of any persons or entities are required for the Executive to execute and deliver
      this Agreement or perform his duties and other obligations
      hereunder.

     

    9.
      Termination.

    

    The
      Executive’s employment hereunder shall be terminated upon the Executive’s death
      and may be terminated as follows;

    

    (a)
      The
      Executive’s employment hereunder may be terminated by the Board of Directors of
      the Company for Cause. Any of the following actions by the Executive shall
      constitute “CAUSE”:

    

    (i)
      The
      willful failure, disregard or refusal by the Executive to perform his duties
      hereunder

    

    (ii)
      Any
      willful, intentional or grossly negligent act by the Executive having the effect
      of injuring, in a material way (whether financial or otherwise and as determined
      in good-faith by a majority of the Board of Directors of the Company), the
      business or reputation of the Company or any of its affiliates, including but
      not limited to, any officer, director, executive or shareholder of the Company
      or any of its affiliates;

    

    (iii)
      Willful misconduct by the Executive in respect of the duties or obligations
      of
      the Executive under this Agreement, including, without limitation,
      insubordination with respect to directions received by the Executive from the
      Board of Directors of the Company;

    

    (iv)
      The
      Executive’s indictment of any felony or a misdemeanor involving moral turpitude
      (including entry of a nolo contendere plea);

    

    (v)
      The
      determination by the Company, after a reasonable and good-faith investigation
      by
      the Company following a written allegation by another employee of the Company,
      that the Executive engaged in some form of harassment prohibited by law
      (including, without limitation, age, sex or race discrimination), unless the
      Executive’s actions were specifically directed by the Board of Directors of the
      Company;

    

    (vi)
      Any
      misappropriation or embezzlement of the property of the Company or its
      affiliates (whether or not a misdemeanor or felony);

    

    (vii)
      Breach by the Executive of any of the provisions of Sections 6, 7 or 8 of this
      Agreement and (viii) Breach by the Executive of any provision of this Agreement
      other than those contained in Sections 6, 7 or 8 which is not cured by the
      Executive within thirty (30) days after notice thereof is given to the Executive
      by the Company.

     

    
      
         

      

      
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    (b)
      The
      Executive’s employment hereunder may be terminated by the Board of Directors of
      the Company due to the Executive’s Disability. For purposes of this Agreement, a
      termination for “DISABILITY”
      shall
      occur (i) when the Board of Directors of the Company has provided a written
      termination notice to the Executive supported by a written statement from a
      reputable independent physician to the effect that the Executive shall have
      become so physically or mentally incapacitated as to be unable to resume, within
      the ensuing twelve (12) months, his employment hereunder by reason of physical
      or mental illness or injury, or (ii) upon rendering of a written termination
      notice by the Board of Directors of the Company after the Executive has been
      unable to substantially perform his duties hereunder for 90 or more consecutive
      days, or more than 120 days in any consecutive twelve month period, by reason
      of
      any physical or mental illness or injury. For purposes of this Section 9(b),
      the
      Executive agrees to make himself available and to cooperate in any reasonable
      examination by a reputable independent physician retained by the
      Company.

    

    (c)
      The
      Executive’s employment hereunder may be terminated by the Executive for Good
      Reason. For purposes of this Agreement, “GOOD REASON’ shall mean any of the
      following: (i) the assignment to the Executive of duties inconsistent with
      the
      Executive’s position, duties, responsibilities, titles or offices as described
      herein, (ii) any material reduction by the Corporation
      of the Executive’s duties and responsibilities or (iii) any reduction by the
      Corporation of the Executive’s compensation or benefits payable hereunder (it
      being understood that a reduction of benefits applicable to all employees of
      the
      Corporation, including the Executive, shall not be deemed a reduction of the
      Executive’s compensation package for purposes of this definition).

    

    10.
      Compensation upon Termination.

    

    (a) If
      the
      Executive’s employment is terminated as a result of his death or Disability, the
      Company shall pay to the Executive or to the Executive’s estate, as applicable,
      (x) his Base Salary and any accrued but unpaid Bonus and expense reimbursement
      amounts through the date of his Death or Disability. All Stock Options that
      are
      scheduled to vest by the end of the calendar year in which such termination
      occurs shall be accelerated and deemed to have vested as of the termination
      date. All Stock Options that have not vested (or been deemed pursuant to the
      immediately preceding sentence to have vested) as of the date of termination
      shall be deemed to have expired as of such date.

    

    (b)If
      the
      Executive’s employment is terminated by the Board of Directors of the Company
      for Cause, then the Company shall pay to the Executive his Base Salary through
      the date of his termination and the Executive shall have no further entitlement
      to any other compensation or benefits from the Company. All Stock Options that
      have not vested as of the date of termination shall be deemed to have expired
      as
      of such date. Any Stock Options that have vested as of the date of the
      Executive’s termination for Cause shall remain exercisable for a period of 90
      days.

    

    (c) If
      the
      Executive’s employment is terminated by the Company other than as a result of
      the Executive’s death or Disability and other than for reasons specified in
      Sections 10(b) then the Company shall (i) continue to pay to the lesser of
      the
      Executive’s Base Salary for a period of one year following such termination or
      the remaining term under his employment agreement, and (ii) pay the Executive
      any expense reimbursement amounts owed through the date of termination. The
      Company’s obligation under clauses (i) and (ii) in the preceding sentence shall
      be subject to offset by any amounts otherwise received by the Executive from
      any
      employment during the one year period following the termination of his
      employment. All Stock Options that are scheduled to vest by the end of the
      calendar year in which such termination occurs shall be accelerated and deemed
      to have vested as of the termination date. All Stock Options that have not
      vested (or been deemed pursuant to the immediately preceding sentence to have
      vested) as of the date of termination shall be deemed to have expired as of
      such
      date. My Stock Options that have vested as of the date of the Executive’s
      termination shall remain exercisable for a period of 90 days.

     

    
      
         

      

      
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    (d)This
      Section 10 sets forth the only obligations of the Company with respect to the
      termination of the Executive’s employment with the Company, and the Executive
      acknowledges that, upon the termination of his employment, he shall not be
      entitled to any payments or benefits which are not explicitly provided in
      Section 10.

    

    (e) The
      provisions of this Section 10 shall survive any termination of this
      Agreement.

    

    11.
      Miscellaneous.

    

    (a) This
      Agreement shall be governed by, and construed and interpreted in accordance
      with, the laws of the State of Florida, without giving effect to its principles
      of conflicts of laws.

    

    (b) Any
      dispute arising out of, or relating to, this Agreement or the breach thereof
      (other than Sections 6 or 7 hereof); or regarding the interpretation thereof,
      shall be finally settled by arbitration conducted in Palm Beach County, Florida
      in accordance with the rules of the American Arbitration Association then in
      effect before a single arbitrator appointed in accordance with such rules.
      Judgment upon any award rendered therein may be entered and enforcement obtained
      thereon in any court having jurisdiction. The arbitrator shall have authority
      to
      grant any form of appropriate relief, whether legal or equitable in nature,
      including specific performance. For the purpose of any judicial proceeding
      to
      enforce such award or incidental to such arbitration or to compel arbitration
      and for purposes of Sections 6 and 7 hereof, the parties hereby submit to the
      non-exclusive jurisdiction of the Circuit Court in and for Dade County, Florida
      and agree that service of process in such arbitration or court proceedings
      shall
      be satisfactorily made upon it if sent by registered mail addressed to it at
      the
      address referred to in paragraph (g) below. The costs of such arbitration shall
      be borne proportionate to the finding of fault as determined by the arbitrator.
      Judgment on the arbitration award may be entered by any court of competent
      jurisdiction.

     

    (c)
      This
      Agreement, and the Executive’s rights and obligations hereunder, may not be
      assigned by the Executive. The Company may assign its rights, together with
      its
      obligations, hereunder in connection with any sale, transfer or other
      disposition of all or substantially all of its business or assets.

    

    (d)
      This
      Agreement cannot be amended orally, or by any course of conduct or dealing,
      but
      only by a written agreement signed by the parties hereto.

    

    (e)
      The
      failure of either party to insist upon the strict performance of any of the
      terms, conditions and provisions of this Agreement shall not be construed as
      a
      waiver or relinquishment of future compliance therewith, and such terms,
      conditions and provisions shall remain in full force and effect. No waiver
      of
      any term or condition of this Agreement on the part of either party shall be
      effective for any purpose whatsoever unless such waiver is in writing and signed
      by such party.

    

    (f)
      All
      notices, requests, consents and other communications, required or permitted
      to
      be given hereunder, shall be in writing and shall be delivered personally or
      by
      an overnight courier service or sent by registered or certified mail, postage
      prepaid, return receipt requested, and shall be deemed given when so delivered
      personally or by overnight courier, or, if mailed, five days after the date
      of
      deposit in the United States mails.

     

    (g)
      This
      Agreement sets forth the entire agreement and understanding of the parties
      relating to the subject matter hereof, and supersedes all prior agreements,
      arrangements and understandings, written or oral, relating to the subject matter
      hereof. No representation, promise or inducement has been made by either party
      that is not embodied in this Agreement, and neither party shall be bound by
      or
      liable for any alleged representation, promise or inducement not so set
      forth.

    

    (h)
      As
      used in this Agreement, “affiliate” of a specified Person shall mean and include
      any Person controlling, controlled by or under common control with the specified
      Person.

    

    (i)
      The
      section headings contained herein are for reference purposes only and shall
      not
      in any way affect the meaning or interpretation of this Agreement.

    

    (j)
      This
      Agreement may be executed in any number of counterparts, each of which shall
      constitute an original, but all of which together shall constitute one and
      the
      same instrument.

     

    
      
         

      

      
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    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
      date
      first above written.

     

     

    SFH1
      Acquisition Corp.

     

    /s/
      Armen Karapetyan

    ———————————

    By:
      Armen Karapetyan, President

    

    Executive:

    

    /s/
      Sanjiw Kumar Singh

    ———————————

    Sanjiw
      Kumar Singh

     

    
      
         

      

      
        8Exhibit 10.1
                                                                    ------------

                      TERMINATION AND CONSULTING AGREEMENT

     This Termination and Consulting Agreement (this "Agreement") by and among
Noranda Aluminum Holding Corporation ("Parent"), Noranda Aluminum, Inc. (the
"Company"), and Richard Anderson (the "Consultant") is dated as of the 14th day
of October, 2008.

     WHEREAS, the Consultant has faithfully served the Company and its
affiliates for many years, including as Chief Financial Officer of the Company,
and has considerable knowledge and experience with respect to the Company's
operations; and

     WHEREAS, the Consultant and the Company have agreed that the Consultant
will retire from active service with the Company and its affiliates as of
October 31, 2008 (the "Date of Termination"); and

     WHEREAS, the Company and Parent have determined that it is in their best
interests for the Consultant to provide his continued services and expertise to
the Company and Parent following the Date of Termination and to ensure that the
Consultant cannot perform services for a competitor of the Company, Parent and
their respective affiliates, all on the terms and conditions set forth below;

     NOW, THEREFORE, it is hereby agreed as follows:

     1. Retirement from Employment; Severance Payments.

     (a) The Consultant hereby retires from his employment with the Company,
effective as of close of business on the Date of Termination, and concurrently
resigns from all offices and directorships he holds with the Company, Parent or
any of their respective affiliates.

     (b) Subject to the Consultant's compliance with the terms of this
Agreement, the Company agrees to provide the Consultant with the payments and
benefits determined pursuant to Section 4 of, and Exhibit A to, the Noranda
Aluminum, Inc. Senior Managers Severance Plan (the "Severance Plan") and such
other benefits as provided in the letter set forth as Attachment B hereto,
provided, that, as of the Date of Termination, the Consultant executes and,
prior to the Revocation Date does not revoke, a release substantially in the
form set forth on Attachment A hereto (the "Release"). The "Revocation Date"
shall be the date that is eight (8) days after the date on which the Consultant
signs the Release. The Consultant acknowledges and agrees that, except as
expressly set forth in this Agreement and Attachment B hereto, he has no right
to any payments or benefits under the Severance Plan, and expressly waives any
rights under such plan.

     2. Consulting Services.

     (a) From the Date of Termination through May 18, 2012, or such earlier date
as may be provided pursuant to Section 2(c) or (d) below (the "Consulting
Term"), in consideration for the compensation provided for below, the Consultant
shall make himself available to Parent and the Company, at mutually convenient
times and places, for such consulting services as may be requested by them. The
Consultant expressly agrees to render up to ten (10) hours of such services per
calendar month during the Consulting Term, if so requested by Parent and the
Company.

<PAGE>

     (b) During the Consulting Term, the Company shall pay the Consultant a fee
of two thousand dollars ($2,000.00) per month, payable monthly in advance (the
"Fee"). Further, the Consultant shall be entitled to reimbursement for all
reasonable expenses incurred by him in the performance of services hereunder, in
accordance with the policies of Parent, the Company or their respective
affiliates.

     (c) During the Consulting Term, any stock options previously granted to the
Consultant under the Parent's Amended and Restated 2007 Long-Term Incentive Plan
(the "LTIP") shall continue to vest in accordance with the terms of the LTIP and
any applicable option award agreements and any post-termination exercise period
applicable to any such options shall not commence until the termination of the
Consulting Term (provided that such options shall in no event be exercisable
beyond their original scheduled term). In consideration for the foregoing, the
Consultant (i) agrees not to exercise any such stock options without the prior
written consent of the Parent and (ii) acknowledges that any such attempted
exercise shall be null and void and without effect, except that (x) in the event
of a Tag-Along Transaction, the Consultant shall be permitted to exercise an
amount of his then-vested options in order to permit him to fully participate in
such Tag-Along Transaction on a proportionate basis with each of the Other
Holders and (y) the Consultant may be required to exercise an amount or all of
his then-vested options in the event of a Drag-Along Sale (all capitalized terms
used in this sentence but not defined herein shall have the meanings ascribed to
them in the Securityholders Agreement).

     (d) If the Consulting Term terminates for any reason, the Consultant shall
not be required to render any further services and shall not be entitled to, nor
shall the Company or Parent have any obligation to pay, any further portion of
the Fee.

     (e) The Consultant's status during the Consulting Term shall be that of an
independent contractor and not, for any purpose, that of an employee or agent
with authority to bind Parent or the Company in any respect. Except as provided
above, the Consultant shall not be eligible for any additional compensation or
benefits from Parent or the Company. Any payments made to the Consultant
hereunder shall not be taken into account in computing the Consultant's salary
or compensation for the purposes of determining any benefits or compensation
under (a) any pension, retirement, life insurance or other benefit plan of the
Company, Parent or any of their respective affiliates or (b) any agreement
between the Company, Parent or any of their respective affiliates and the
Consultant.

     (f) Notwithstanding anything to the contrary in the Amended and Restated
Securityholders Agreement of Parent dated as of October 23, 2007 (the
"Securityholders Agreement"), solely for purposes of Section 6 of the
Securityholders Agreement, the Consultant's termination of employment shall be
deemed to (i) occur on the final day of the Consulting Term and (ii) be a
termination by Parent without Cause; provided, however, that if Parent or the
Company terminate the Consulting Term with Cause or the Consultant terminates
the Consulting Agreement for any reason, for purposes of Section 6 of the
Securityholders Agreement, the Consultant's "termination of employment" shall be
deemed to be a termination by Parent with Cause. For purposes of this Agreement,
"Cause" shall mean: (i) the willful and continued failure of the Consultant to
perform substantially the Consultant's duties under this Agreement (other than
any such failure resulting from incapacity due to physical or mental illness),
(ii) the willful engagement by the Consultant in illegal conduct or gross
misconduct which is injurious to the Parent or the Company, or (iii) a violation
by the Consultant of the terms of Sections 3 through 4 of this Agreement.

                                      -2-
<PAGE>

     (g) All payments and other consideration made or provided to the Consultant
under this Agreement shall be made or provided without withholding or deduction
of any kind, and the Consultant shall assume sole responsibility for discharging
all tax or other obligations associated therewith.

     3. Confidentiality. The Consultant shall hold in a fiduciary capacity for
the benefit of Parent, the Company, and their respective affiliates
(collectively, the "Affiliated Entities" and each such entity, including the
Company and Parent, an "Affiliated Entity") all secret or confidential
information, knowledge or data relating to any of the Affiliated Entities, and
their respective businesses, which he obtained during his employment by the
Affiliated Entities, and all such information, knowledge or data relating to the
Affiliated Entities, and their respective businesses, which he obtains during
his service as a consultant hereunder, and which shall not be or become public
knowledge (other than by acts by the Consultant or representatives of the
Consultant in violation of this Agreement). After termination of the Consulting
Term, the Consultant shall not, without the prior written consent of Parent or
as may otherwise be required by law or legal process, communicate or divulge any
such information, knowledge or data to anyone other than Parent and those
designated by it.

     4. Nonsolicitation; Non-Competition; Full Force and Effect. Notwithstanding
anything herein or in the Securityholders Agreement to the contrary, the
Consultant acknowledges and agrees that (i) his obligations and the Company's,
Parent's and their respective affiliates' rights under Section 9 of the
Securityholders Agreement shall remain in full force and effect, (ii) for the
avoidance of doubt, and notwithstanding anything to the contrary in, and in no
way in limitation of, such Section 9, such obligations and rights shall extend
to, and prohibit, the Consultant's engagement, directly or indirectly, as an
employee, consultant, director or service provider with any entity (or any
affiliate of such entity regardless of whether such affiliate is engaged) that
is engaged or could reasonably become engaged in the procurement, sale,
production or brokering of aluminum metal and its key raw material inputs
including, without limitation, bauxite, alumina, primary aluminum and related
products, and rolled aluminum products and (iii) for purposes of such Section 9,
the "Restricted Period" shall mean the period commencing on the Date of
Termination and ending on the third anniversary thereof. Section 9 of the
Securityholders Agreement (as modified by the immediately preceding sentence) is
hereby incorporated into this Section 4 of this Agreement.

     5. Injunctive Relief. The Consultant acknowledges that the time, scope,
geographic area and other provisions of Sections 3 and 4 of this Agreement
(including, by incorporation, Section 9 of the Securityholders Agreement, as
modified by Section 4 of this Agreement) (the "Covenants") have been
specifically negotiated by sophisticated commercial parties and agree that all
such provisions are reasonable under the circumstances of the activities
contemplated by this Agreement. The Consultant acknowledges and agrees that the
terms of the Covenants: (i) are reasonable in light of all of the circumstances,
(ii) are sufficiently limited to protect the legitimate interests of the
Affiliated Entities, (iii) impose no undue hardship on the Consultant and (iv)
are not injurious to the public. The Consultant further acknowledges and agrees
that the Consultant's breach of the provisions of the Covenants will cause
Parent and the Company irreparable harm, which cannot be adequately compensated
by money damages, and that if Parent or the Company elects to prevent the
Consultant from breaching such provisions by obtaining an injunction against the
Consultant, there is a reasonable probability of Parent or the Company's
eventual success on the merits. The Consultant consents and agrees that if the
Consultant commits any such breach or threatens to commit any breach, Parent
and/or the Company shall be entitled to temporary and permanent injunctive
relief from a court of competent jurisdiction, without posting any bond or other
security and without the necessity of proof of actual damage, in addition to,
and not in lieu of, such other remedies as may be available to Parent and the
Company for such breach, including the recovery of money damages. In the event
that the Covenants shall be determined by any court of competent jurisdiction to
be unenforceable by reason of their extending for too great a period of time or
over too great a geographical area or by reason of their being too extensive in
any other respect, they shall be interpreted to extend only over the maximum
period of time for which they may be enforceable and/or over the maximum
geographical area as to which they may be enforceable and/or to the maximum
extent in all other respects as to which they may be enforceable, all as
determined by such court in such action.

                                      -3-
<PAGE>

     6. Successors. This Agreement is personal to the Consultant and without the
prior written consent of Parent shall not be assignable by the Consultant
otherwise than by will or the laws of descent and distribution. Parent and the
Company shall each require any successor (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all of
their respective businesses and/or assets to assume expressly and agree to
perform this Agreement in the same manner and to the same extent that Parent or
the Company (as applicable) would be required to perform it if no such
succession had taken place. As used in this Agreement, "Parent" and the
"Company" shall mean Parent and the Company, respectively, as hereinbefore
defined and any successor to their respective businesses and/or assets which
assumes and agrees to perform this Agreement by operation of law, or otherwise.

     7. Miscellaneous.

     (a) This Agreement shall be governed by and construed in accordance with
the laws of the State of Delaware, without reference to principles of conflict
of laws. The captions of this Agreement are not part of the provisions hereof
and shall have no force or effect. This Agreement may not be amended or modified
otherwise than by a written agreement executed by the parties hereto or their
respective successors and legal representatives.

     (b) All notices and other communications hereunder shall be in writing and
shall be given by hand delivery to the other party or by registered or certified
mail, return receipt requested, postage prepaid, addressed as follows:

                                      -4-
<PAGE>

                  If to the Consultant:
                  ---------------------

                  To the most recent address on file with the Company

                  If to Parent:
                  -------------

                  Noranda Aluminum Holding Corporation
                  801 Crescent Centre Drive
                  Suite 600
                  Franklin, TN  37067
                  Attention:  General Counsel

                  If to the Company:
                  ------------------

                  Noranda Aluminum Inc.
                  801 Crescent Centre Drive
                  Suite 600
                  Franklin, TN  37067
                  Attention:  Vice President, Legal & HR

or to such other address as either party shall have furnished to the other in
writing in accordance herewith. Notice and communications shall be effective
when actually received by the addressee.

     (c) The invalidity or unenforceability of any provision (or portion
thereof) of this Agreement shall not affect the validity or enforceability of
any other provision (or portion thereof) of this Agreement.

     (d) This Agreement may be executed in several counterparts, each of which
shall be deemed an original, and said counterparts shall constitute but one and
the same instrument.

                                      -5-
<PAGE>

     IN WITNESS WHEREOF, the Consultant has hereunto set the Consultant's hand
and, pursuant to the authorization from their respective Boards of Directors,
Parent and the Company have each caused these presents to be executed in its
name on its behalf, all as of the day and year first above written.

                                                        RICHARD ANDERSON
                                                        /s/ Richard Anderson
                                                        --------------------

                                                        NORANDA ALUMINUM HOLDING
                                                        CORPORATION

                                                        By /s/ Alan K. Brown
                                                           -----------------

                                                        NORANDA ALUMINUM, INC.

                                                        By /s/ Alan K. Brown
                                                           -----------------

                                      -6-
<PAGE>

                                  ATTACHMENT A
                                  ------------

                                 GENERAL RELEASE
                                 ---------------

     THIS RELEASE (the "Release") is entered into between Richard Anderson
("Consultant"), Noranda Aluminum Holding Corporation ("Parent") and Noranda
Aluminum, Inc., a Delaware corporation ("Noranda"), for the benefit of Parent,
Noranda and each of the Affiliated Entities (as defined in the Termination and
Consulting Agreement, dated October 14, 2008, between Parent, Noranda and
Consultant (the "Termination Agreement")). The entering into and non-revocation
of this Release is a condition to Consultant's right to receive the payments
under the Termination Agreement. Capitalized terms used and not defined herein
shall have the meaning provided in the Termination Agreement.

     Accordingly, Consultant, Parent and Noranda agree as follows.

     1. In consideration for the payments and other benefits provided to
Consultant by the Termination Agreement, to which Consultant is not otherwise
entitled, and the sufficiency of which Consultant acknowledges, Consultant
represents and agrees, as follows:

     (a) Consultant, for himself, his heirs, administrators, representatives,
executors, successors and assigns (collectively "Releasers"), hereby irrevocably
and unconditionally releases, acquits and forever discharges and agrees not to
sue Parent, Noranda or any Affiliated Entity or any of its or their
subsidiaries, divisions, affiliates and related entities and their respective
current and former directors, officers, shareholders, trustees, employees,
consultants, independent contractors, representatives, agents, servants,
successors and assigns and all persons acting by, through or under or in concert
with any of them (collectively "Releasees"), from all rights and liabilities up
to and including the date of this Release arising under or relating to the
Termination Agreement and from any and all charges, complaints, claims,
liabilities, obligations, promises, agreements, controversies, damages, actions,
causes of actions, suits, rights, demands, costs, losses, debts and expenses of
any nature whatsoever, known or unknown, suspected or unsuspected and any claims
of wrongful discharge, breach of contract, implied contract, promissory
estoppel, defamation, slander, libel, tortious conduct, employment
discrimination or claims under any federal, state or local employment statute,
law, order or ordinance, including any rights or claims arising under Title VII
of the Civil Rights Act of 1964, as amended, the Age Discrimination in
Employment Act of 1967, as amended, 29 U.S.C. ss. 621 et seq. ("ADEA"), the laws
of Tennessee, including the Tennessee Fair Employment Practices Law (prohibits
employment discrimination based on race, creed, color, religion, sex, national
origin or age) (Tenn. Code Rev. Ann. ss. 4-21-101 et seq.), Tennessee Handicap
Discrimination Law (Tenn. Code Rev. Ann. ss.8-50-103 et seq.), Whistle Blower
Protection (Tenn. Code Rev. Ann. ss. 50-1-304(a) to (g), as amended by Ch. 511,
L. 2000, effective July 1, 2000), miscellaneous Tennessee wage provisions (Tenn.
Code Rev. Ann. ss. 50-2-102; et seq.), Tennessee Equal Pay Law (Tenn. Code Rev.
Ann. ss. 50-2-202 et seq.), and Worker' Compensation Retaliation (Tenn. Code
Rev. Ann. ss. 50-6-114), or any other federal, state or municipal ordinance
relating to discrimination in employment; provided, however, that nothing in
this paragraph shall be construed to limit the ability of either party to sue
for any act or omission which occurs subsequent to termination of the employment
relationship as it relates to the ADEA. Nothing contained herein shall restrict
the parties' rights to enforce the terms of this Release.

                                      -7-
<PAGE>

     (b) To the maximum extent permitted by law, Consultant agrees that he has
not filed, nor will he ever file, a lawsuit asserting any claims which are
released by this Release, or to accept any benefit from any lawsuit which might
be filed by another person or government entity based in whole or in part on any
event, act, or omission which is the subject of this Release.

     (c) This Release specifically excludes any claim for vested benefits to
which the Consultant may be entitled under the Aluminum Group Retirement Plan,
the Noranda Aluminum Group Savings Plan, the Noranda Aluminum, Inc. Management
Supplemental Benefit Plan, and the Noranda Aluminum, Inc. and Participating
Subsidiaries Non-Qualified Deferred Compensation Plan, any welfare plan of
Parent, Noranda or any Affiliated Entity in which the Consultant participates
(the "Noranda Plans") or by application of any federal or state law providing
for the continuation of welfare benefits, including but not limited to,
continued coverage pursuant to Section 4980B of the Internal Revenue Code of
1986, as amended, or any state insurance conversion requirements. The
Consultant's entitlement to benefits under the Noranda Plans shall be determined
in accordance with the provisions of those Plans. This Release also specifically
excludes the Consultant's indemnification as an officer and employee of Parent,
Noranda or any Affiliated Entity.

     (d) This Release specifically excludes any claim or obligation under the
Termination Agreement.

     (e) Consultant represents that he is not aware of any facts or
circumstances that would give rise, based on his actions, to any claims or
lawsuits against Parent, Noranda or any Affiliated Entity.

     (f) The parties agree that this Release shall not affect the rights and
responsibilities of the US Equal Employment Opportunity Commission (hereinafter
"EEOC") to enforce ADEA and other laws. In addition, the parties agree that this
Release shall not be used to justify interfering with the Consultant's protected
right to file a charge or participate in an investigation or proceeding
conducted by the EEOC. The parties further agree that the Consultant knowingly
and voluntarily waives all rights or claims (that arose prior to the
Consultant's execution of this Release) the Releasers may have against the
Releasees, or any of them, to receive any benefit or remedial relief (including,
but not limited to, reinstatement, back pay, front pay, damages, attorneys'
fees, experts' fees) as a consequence of any investigation or proceeding
conducted by the EEOC.

     2. The Consultant acknowledges that Parent and Noranda has specifically
advised him of the right to seek the advice of an attorney concerning the terms
and conditions of this Release. The Consultant further acknowledges that he has
been furnished with a copy of this Release, and he has been afforded twenty-one
(21) days in which to consider the terms and conditions set forth above prior to
this Release. By executing this Release, the Consultant affirmatively states
that he has had sufficient and reasonable time to review this Release and to
consult with an attorney concerning his legal rights prior to the final
execution of this Release. The Consultant further agrees that he has carefully
read this Release and fully understands its terms. The Consultant understands
that he may revoke this Release within seven (7) days after signing this
Release. Revocation of this Release must be made in writing and must be received
by Alan Brown, Vice President, Legal and Human Resources, Noranda Aluminum,
Inc., 801 Crescent Centre Drive, Suite 600, Franklin, TN 37067 within the time
period set forth above.

                                      -8-
<PAGE>

     3. This Release will be governed by and construed in accordance with the
laws of the state of Delaware, without giving effect to any choice of law or
conflicting provision or rule (whether of the state of Delaware or any other
jurisdiction) that would cause the laws of any jurisdiction other than the state
of Delaware to be applied. In furtherance of the foregoing, the internal law of
the state of Delaware will control the interpretation and construction of this
agreement, even if under such jurisdiction's choice of law or conflict of law
analysis, the substantive law of some other jurisdiction would ordinarily apply.
The provisions of this Release are severable, and if any part or portion of it
is found to be unenforceable, the other paragraphs shall remain fully valid and
enforceable. This Release shall become effective and enforceable on the eighth
day following its execution by Consultant, provided he does not exercise his
right of revocation as described above. If Consultant fails to sign this Release
or revokes his signature, this Release will be without force or effect, and
Consultant shall not be entitled to the payments described in Sections 1(b) and
2 of the Termination Agreement.

     I, RICHARD ANDERSON, HAVING READ THE FOREGOING RELEASE, UNDERSTANDING ITS
CONTENT AND HAVING HAD AN OPPORTUNITY TO CONSULT WITH COUNSEL OF MY CHOICE, DO
HEREBY KNOWINGLY AND VOLUNTARILY SIGN THIS AGREEMENT, THEREBY WAIVING AND
RELEASING MY CLAIMS, ON OCTOBER 14, 2008.

                                                            /s/ Richard Anderson
                                                            --------------------
                                                            RICHARD ANDERSON

                                      -9-
<PAGE>

                                  ATTACHMENT B
                                  ------------

October 8, 2008

                  NOTICE OF TERMINATION OF EMPLOYMENT

Richard Anderson
9362 Smithson Lane
Brentwood, TN  37027

Dear Rick,

This letter will confirm our previous  conversations  in which we discussed  the
fact that your  employment  with the  company  will be  terminated.  This letter
outlines the terms and conditions of your termination.

Notice Period

The  Notice  Period  began  with the  date of  notification  of your  employment
termination  (Friday  October  3, 2008) and ends with the last day of the month.
Therefore,  your  effective  termination  date will be October 31,  2008.  After
October 31, 2008 you are not required to report to work  regularly.  Through the
notice period you will continue to receive your regular salary and benefits.

Severance
---------

In consideration of your position and service, an additional termination payment
equivalent to 104 weeks of pay less that which was paid during the Notice Period
will be made to you. Payment of these monies  ($445,650) is conditional upon you
signing the Termination and Consulting  Agreement and General Release.  Payments
of  severance  and pay in lieu of notice  will be  subject  to  appropriate  tax
withholdings.

The  terms  and  conditions  for  payment  of the  severance  benefit  are fully
described  in the  attached  Plan  Document.  Nevertheless,  let me call to your
attention three important features of the Plan:

          Your total severance benefit of $463,476 includes your pay during the
          notice period, and

          Severance benefits payments subsequent to the notice period will be
          paid (a) as salary continuance for the remainder of the 2008 year, and
          (b) the remainder will be paid in a lump sum payment on or about
          January 15, 2009, and

          Your eligibility for severance benefits is conditioned upon your
          execution of the Termination and Consulting Agreement and General
          Release in the term and within the time frame specified by the Plan
          Administrator.

                                      -10-
<PAGE>

Vacation
--------

 Any unused annual vacation earned for 2008 will be paid to you on the first pay
                        following the termination date.

Incentive Pay
-------------

You will be eligible for  incentive  pay on a pro-rata  basis  according to your
active service in 2008 and based on the terms of the 2008 Incentive  Plan.  Such
payment will be made to you at the time when such  payments are normally paid to
active  employees.  Payment of these monies is also conditional upon signing the
Agreement and Release.

Benefit Plans
-------------

Other than Long Term Disability,  your participation in the US Benefits Program,
including  life,  medical,  401(k),  pension,  deferred  compensation  and other
coverages,  will continue until October 31, 2008. Long Term Disability  coverage
will cease on your last day in the office.  Further  information  regarding your
rights  under  the U.S.  benefit  programs  will be  included  in a letter to be
provided to you by the benefits department within the next 14 days.

COBRA Coverage
--------------

If you choose to elect COBRA  coverage  pursuant to the  Noranda  Group  Medical
Plan,  and  provided  that you execute the  attached  Separation  Agreement  and
General  Release,  Noranda  agrees to  reimburse  you for the cost of such COBRA
coverage for the period beginning  November 1, 2008 and continuing for 18 months
or until you terminate your COBRA coverage, if earlier. Currently, based on your
2008 plan election, this amount will be $497.77/month.

Company Automobile
------------------

You may continue to operate your company  vehicle until the lease  expiration in
May 2009.

During the period in which you  continue to operate the  vehicle,  as  described
above,  the  company  will  continue  to  reimburse  you for the cost of  normal
maintenance and repairs and licensing and  registration  fees. In addition,  the
company will  continue to provide  insurance  coverage  under the same terms and
conditions as existed when you were actively employed.  At the end of the period
of operation of the vehicle,  as described  above, you may elect to purchase the
vehicle at its book value.

                                      -11-
<PAGE>

Company Equipment, Material and Files
-------------------------------------

You currently have a company  cellular phone and cellular phone service and/or a
PDA. Please make  arrangements  with Alan Brown to return your company  cellular
phone and laptop computer to the company not later than October 31, 2008.

Access to e-mail,  the Noranda  network and voicemail will cease when you return
the  equipment  described  above but in no event later than  October  31,  2008.
Please return security passes, credit cards, and any other company materials and
equipment that you have in your possession not later than October 31, 2008.

Expense Reports
---------------

Please submit any outstanding expense reports to Kip Smith by November 15, 2008.

Release Requirement
-------------------

Please  review this letter and return a  completed,  signed copy of the attached
Termination  and Consulting  Agreement and General Release to the Vice President
Human Resources,  Noranda Aluminum prior to October 29, 2008. If this Release is
not executed and returned  within the specified time, and if the Company has not
agreed, in writing,  to extend the date for return, then the Company will pay to
you any amounts as required by applicable  statutes and  regulations  and may at
its sole  discretion  revoke,  in  writing,  any other terms and  conditions  of
compensation in excess of that required by said statutes and regulations.

Should you have any  question  about the contents of this letter or the attached
Exhibits please direct them to Alan Brown.

Thank you for your service to Noranda Aluminum.

I wish you the best in all your future endeavors.

Very truly yours,

Kip Smith
President and CEO
Noranda Aluminum, Inc.

                                      -12-

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