Document:

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                                                                    EXHIBIT 10.6

                             SUBORDINATION AGREEMENT

THIS SUBORDINATION AGREEMENT (the "Agreement") is made as of December 20, 2003
by Nord Resources Corporation, a corporation incorporated and existing under the
laws of Delaware (the "Subordinated Party"), in favour of Allied Gold Limited, a
corporation incorporated and existing under the laws of the state of Western
Australia (the "Lender"), and acknowledged by Nord Pacific Limited, a
corporation incorporated and existing under the laws of the Province of New
Brunswick (the "Borrower").

WHEREAS:

1. The Lender has entered into a Credit Facility Agreement with the Borrower
dated as of the date hereof (such agreement as amended, modified, restated or
supplemented from time to time is herein referred to as the "Credit Agreement")
under which the Borrower and it Subsidiaries (collectively, the "Borrower
Group") is restricted in incurring Debt, other than Permitted Debt (including a
certain amount of subordinated Debt);

2. The Subordinated Party has agreed to subordinate the Subordinated Debt (as
hereinafter defined) and any security held therefor, and all other obligations
of the Borrower Group to the Subordinated Party now or hereafter existing, to
and in favour of the prior satisfaction in full of the Senior Obligations of the
Borrower Group to the Lender under the Credit Agreement;

3. The Subordinated Party, under the laws of the jurisdiction where it is
organized, is duly authorized and has the capacity to execute, deliver and
perform this agreement, and all things necessary have been done and performed to
make this Agreement a legal, valid and binding obligation of the Subordinated
Party;

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the premises and
of the sum of Cdn.$10.00 now paid by the Lender to the Subordinated Party, the
receipt and sufficiency of which is hereby acknowledged, the Subordinated Party
covenants and agrees with the Lender as follows:

1.   DEFINED TERMS

All other terms and expressions used herein which are defined in the Credit
Agreement shall, when used herein, and unless otherwise defined herein, have the
meanings as therein ascribed to them..

In this agreement, "Proceeding" shall mean (a) dissolution, distribution of
assets to creditors, winding-up, liquidation, adjustment or readjustment of
debt, reorganization, compromise, arrangement with creditors, relief or
composition of any member of the Borrower Group or its debts, sales in bulk or
similar proceedings of, or in respect of, any member of the Borrower Group or
its property, (b) any bankruptcy, insolvency, reorganization, receivership
(private or court-appointed), assignment for the benefit of creditors or any
other marshalling of the assets and liabilities of any member of the Borrower
Group, or similar proceedings of, or in respect of: any member of the Borrower
Group, whether any of the foregoing is voluntary or involuntary. partial or
complete.

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2.   "SENIOR OBLIGATIONS"/'" SUBORDINATED DEBT"

All liabilities and obligations of Borrower Group to the Lender under the Credit
Agreement or any Note thereunder or under any Document, howsoever created,
arising or evidenced, and whether direct or indirect, absolute or contingent,
legal or equitable, now or hereafter existing, due or to become due, whether for
principal, interest (including interest as provided in any Note, accruing after
the filing of a petition initiating any Proceeding referred to in Section 4,
whether or not such interest accrues after the filing of such petition for
purposes of bankruptcy legislation or is an allowed claim in such Proceeding),
fees, expenses or otherwise, are herein collectively caned "Senior Obligations".

All liabilities and obligations of each member of the Borrower Group, howsoever
created, arising or evidenced, and whether direct or indirect, absolute or
contingent, legal or equitable, now or hereafter existing, due or to become due
(including, without limitation, the obligations of each member of the Borrower
Group to the. Subordinated Party for any dividends or other amounts payable in
connection with any shares, options or other securities held by the Subordinated
Party in the Borrower or any member of the Borrower Group), whether for
principal interest (including interest as provided in any Note, accruing after
the filing of a petition initiating any Proceeding referred to in Section 4,
whether or not such interest accrues after the filing of such petition for
purposes of bankruptcy legislation or is an allowed claim in such Proceeding),
fees, expenses or otherwise, including without ]imitation, amounts payable (i)
in respect of any indemnity, (ii) in respect of any breach of a representation
or a warranty or (Hi) to acquire any shares on account of the redemption
provisions of the shares or in any agreement with the Subordinated Party, are
hereinafter called "Subordinated Debt".

3.   POSTPONEMENT AND SUBORDINATION

(a) After the occurrence and during the continuance of an Accruing Default or an
Event of Default under the Credit Agreement, so long as any Senior Obligations
are outstanding, and until the Senior Obligations shall have been permanently
paid in full in cash and otherwise satisfied, the payment of all Subordinated
Debt shall be postponed and subordinated. to the permanent payment in full and
satisfaction of all Senior Obligations. The Subordinated Party shall not take or
receive from, or on behalf of, any member of the Borrower Group, in any manner J
payment of (including, without limitation, payment by set-oft), or consideration
(including from or by way of collateral) for the reduction of, the whole or any
part of the principal of, interest on or any other amount in connection with,
any Subordinated Debt or any security therefor without the prior written consent
of the Lender.

(b) If a payment or other consideration is received or made on Subordinated Debt
while an Accruing Default or an Event of Default is continuing, the Subordinated
Party shall hold such payment in trust for the Lender, shall segregate such
payment from other funds and property held by the Subordinated Party and shall
forthwith pay to the Lender (to be held and applied pursuant to the terms of
this Agreement and the Credit Agreement) any payments or other consideration
received by it in respect of such Subordinated Debt in the same form as so
received (with any necessary endorsements). Any exercise of a right of set-off
which has the effect of reducing the Subordinated Debt shall be wholly
ineffective as between the Subordinated Party and the

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Borrower and the Subordinated Party hereby agrees not to exercise any such
right, and the Borrower shall cause each of its Subsidiaries not to exercise any
such right

(c) All security of every nature and kind now or hereafter held by the
Subordinated Party in connection with the Subordinated Debt is wholly postponed
and subordinated to the Senior Obligations owed by the Borrower Group to the
Lender in connection with the Credit Agreement, notwithstanding the dates of
execution or registration of any such security, the date of crystallization of
any floating charge. or any other factor of legal significance.

4.   DISTRIBUTIONS

Upon any Proceeding, all Senior Obligations shall first be permanently paid in
full in cash and otherwise satisfied before the Subordinated Party shall be
entitled to receive or retain any payment or distribution from any member of the
Borrower Group in respect of such Proceeding or any or all of the Subordinated
Debt.

5.   FILING OF CLAIMS

Upon any Proceeding, the Subordinated Party irrevocably authorizes the Lender to
file on behalf of the Subordinated Party any and all claims, proofs of debt.
petitions, consents, and other documents and take such other actions (including,
without limitation, voting the Subordinated Debt or enforcing any security
interest or other lien securing payment of the Subordinated Debt) as it may deem
advisable or necessary for the enforcement of any of its rights or interests
hereunder; and any payment or distribution of assets or securities of any member
of the Borrower Group of any kind or character, whether in cash, property or
securities (including any payment that may be payable by reason of any other
indebtedness of any member of the Borrower Group being subordinated to payment
of the Subordinated Debt), to which the Subordinated Party would be entitled,
shall be paid by the Subordinated Party or by any receiver, trustee in
bankruptcy, liquidating trustee, agent or other person making such payment or
distribution, directly to the Lender to the extent necessary to pay permanently
all Senior Obligations in full before any payment or distribution is made to the
Subordinated Party.

6.   PROCEEDS HELD IN TRUST

If following the commencement any Proceeding, any payment or distribution of
assets or securities of any member of the Borrower Group of any kind or
character, whether in cash, property or securities, shall be received by the
Subordinated Party before all Senior Obligations are permanently paid in full.
such payment or distribution will be held in trust for the benefit of; shat! be
segregated from other funds and property held by the Subordinated Party, and
shall promptly be paid over in the form received (duly endorsed. if necessary,
to the Lender) to the Lender for application to the payment of Senior
Obligations until all Senior Obligations shall have been permanently paid in
full.

7.   RECORDS

The Subordinated Party will mark its books and records so as to clearly indicate
that the Subordinated Debt is subordinated in accordance with the terms of this
Agreement, and will cause to be clearly inserted in any promissory note or other
instrument which at any time

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evidences any Subordinated Debt a statement to the effect that the payment
thereof is subordinated in accordance with the terms of this Agreement

8.   APPLICATION OF PROCEEDS

All payments and distributions received by the Subordinated Party in respect of
Subordinated Debt, to the extent required to be paid to the Lender hereunder, to
the extent received in or converted into cash, may on receipt by the Lender be
applied by the Lender first to the payment of any and all expenses (including
solicitors' fees on a solicitor and his own client basis) paid or incurred by
the Lender in enforcing the provisions hereof or in endeavouring to collect or
realize upon any Subordinated Debt or any security therefor, and any balance
thereof shall, solely as between the Subordinated Party and the Lender, be
applied by the Lender to the payment of Senior Obligations until permanently
paid in full in such order of application as the Lender may from time to time
select. Notwithstanding any such payments or distributions received by the
Lender in respect of Subordinated Debt and so applied by the Lender toward the
payment of Senior Obligations, the Subordinated Party shall not be subrogated to
the then existing rights of the Lender, if any, in respect of the Senior
Obligations until such time as the Lender shall have received final payment of
the full amount of the Senior Obligations.

9.   WAIVER OF NOTICE AND DILIGENCE

The Subordinated Party hereby waives:

(a) notice of acceptance by the Lender of this instrument;

(b) notice of the existence or creation or non-payment of all or any Senior
Obligations; and

(c) all diligence in collection or protection of or realization upon the Senior
Obligations or any thereof or any security therefore.

10.  COVENANTS OF THE SUBORDINATED PARTY

The Subordinated Party will not, until the Senior Obligations is permanently
paid in fun, without the prior written consent of the Lender:

(a) subordinate any Subordinated Debt or any rights in respect thereof to any
liabilities, obligations or indebtedness other than the Senior Obligations, or
transfer or assign any Subordinated Debt;

(b) take from any member of the Borrower Group any additional collateral
security for any Subordinated Debt;

(c) commence, or join with any other creditor other than the Lender in
commencing, or directly or indirectly cause any member of the Borrower Group to
commence, or assist any member of the Borrower Group in commencing, any
Proceeding with respect to any member of the Borrower Group;

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(d) commence any action in any court for the enforcement of the Subordinated
Debt; or

(e) take, sue for) ask or demand from any member of the Borrower Group payment
of any or all of the Subordinated Debt.

11.  CONTINUING AGREEMENT

The subordination and postponement provisions hereof shall in all respects be a
continuing agreement and shall remain in full force and effect until the final
and indefeasible payment in full in cash of the Senior Obligations.

12.  RIGHTS OF THE LENDER

The Lender may, from time to time, in its sole discretion and without notice to
the Subordinated Party, and without affecting the subordination and postponement
hereunder, take all or any of the following actions:

(a) retain or obtain any security interest in any property to secure any Senior
Obligations;

(b) retain or obtain the primary or secondary obligation of any other obligor or
obligors with respect to any Senior Obligations;

(c) extend or renew any Senior Obligations for one or more periods (whether or
not longer than the original period), alter or exchange any Senior Obligations,
or release or compromise any obligation of any nature of any obligor with
respect to any Senior Obligations; and

(d) fail to perfect, or release, any of its security interests in, or surrender,
release or permit any substitution or exchange for, all or any part of any
property securing any Senior Obligations, or extend or renew for one or more
periods (whether or not longer than the original period) or release, compromise,
alter or exchange any obligations of any nature of any obligor with respect to
any such property.

13.  ASSIGNMENT BY THE LENDER

The Lender may, from time to time in its sole discretion and without notice to
the Subordinated Party, assign or transfer any or all of the Senior Obligations
or any interest therein; and, notwithstanding any such assignment or transfer or
any subsequent assignment or transfer thereof, such Senior Obligations shall be
and remain Senior Obligations for the purposes hereof, and every immediate and
successive assignee or transferee of any Senior Obligations or of any interest
therein shall, to the extent of the interest of such assignee or transferee in
the Senior Obligations, be entitled to the full benefits hereof

14.  NO IMPAIRMENT

The Lender shall not be prejudiced in its rights hereunder by any act or failure
to act of the Subordinated Party or any non-compliance by the Subordinated Party
with any agreement or obligation, regardless of any knowledge thereof which the
Lender may have or with which the Lender may be charged; and the Subordinated
Party shall promptly notify the Lender of the

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occurrence of any default or accruing default under the Subordinated Debt, and
no action of the Lender permitted hereunder shall in any way affect or impair
the rights of the Lender or the obligations of the Subordinated Party hereunder.

15.  WAIVER

No delay on the part of the Lender in the exercise of any right or remedy shall
operate as a waiver thereof, and no single or partial exercise by the Lender of
any right or remedy shall preclude other or further exercise thereof or the
exercise of any right or remedy, nor shall any modification, waiver or discharge
of any of the provisions hereof be binding upon the Lender except as expressly
set forth in writing duty signed and delivered by or on behalf of the Lender.

16.  EFFECTIVENESS

The subordination and postponement herein contained shall be effective
notwithstanding any right or power of the Subordinated Party or anyone else to
assert any claim or defence as to the invalidity or unenforceability of any
obligation of the Subordinated Party hereunder, in whole or in part, or any
determination by any court or other tribunal as to such invalidity or
unenforceability, and no such claim, defence or determination shall affect or
impair the agreements and obligations of the Subordinated Party hereunder. The
provisions of this Section 16 shall continue to be effective or be reinstated,
as the case may be, if at any time any of the Senior Obligations are rescinded
or must otherwise be returned by the Lender upon the insolvency, bankruptcy, or
reorganization of any member of the Borrower Group or otherwise, all as though
such payment had not been made.

17.  FURTHER ASSURANCES

The Subordinated Party covenants and agrees, at the request of the Lender, from
time to time to do, make and execute all such further assignments, deeds,
documents, acts, matters and things as may be required by the Lender to give
effect to these presents or in the exercise of the powers of the Lender hereby
conferred or to enable the Lender to exercise and enforce its rights and
remedies hereunder, and the Subordinated Party hereby constitutes and appoints
the Lender the true and lawful attorney of the Subordinated Party, irrevocable,
with full power of substitution, to do, make and execute all such assignments,
deeds, documents, acts, matters and things as the Subordinated Party has agreed
by these presents to do, make and execute or as may be required to give effect
to these presents or in the exercise of the powers on the Lender hereby
conferred, with the right to use the name of the Subordinated Party whenever and
wherever it may be deemed necessary or expedient.

18.  ENUREMENT

This Agreement shall be binding on the Subordinated Party and the successors and
permitted assigns of the Subordinated Party and shall enure to the benefit of,
and be enforceable by, the Lender and its successors and permitted assigns.

19.  GOVERNING LAW

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This Agreement shall be construed and enforced in accordance with, and the
rights of the parties shall be governed by, the substantive laws of the state of
Western Australia and the laws of Australia applicable therein. The Subordinated
Party hereby submits to the non-exclusive jurisdiction of the courts of the
state of Western Australia in connection herewith.

20.  DESCRIPTIVE HEADINGS

The descriptive headings contained in this agreement are inserted for
convenience only and shall not be considered in the interpretation of this
Agreement.

21.  INVALIDITY OF PROVISIONS

In case any of the provisions of this Agreement are or are determined to be
invalid, illegal or enforceable in any respect, the validity, legality or
enforceability of the remaining provisions contained herein shall not in any way
be affected or impaired thereby.

22.  TERMINATION

The Subordination Agreement may be terminated and released by the Lender at any
time by notice in writing to that effect.

     IN WITNESS WHEREOF the Subordinated Party has executed and delivered these
presents under the hands of its proper officers duly authorized in that behalf

NORD RESOURCES CORPORATION

By:
    ---------------------------------
Name:
      -------------------------------
Title:
       ------------------------------

By:
    ---------------------------------
Name:
      -------------------------------
Title:
       ------------------------------

The provisions of this Agreement are hereby agreed to and acknowledged this 20th
day of December. Borrower covenants to refrain from taking and not to take, and
to cause its Subsidiaries to refrain from taking and not to take, any actions
which would cause a contravention of this Agreement, including, without
limitation, effecting any set-off of obligations of the Subordinated Party to
any member of the Borrower Group against obligations of any member of the
Borrower Group to the Subordinated Party, and each member of the Borrower Group
specifically acknowledges the provisions of Subsections 3(a) and (b) hereof in
that regard.

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NORD PACIFIC LIMITED

By: /s/ Nord Pacific Limited
    ---------------------------------
    President

                                        C/S

By:
    ---------------------------------<PAGE>
                                                                    EXHIBIT 10.7

                         EXECUTIVE EMPLOYMENT AGREEMENT

THIS EXECUTIVE EMPLOYMENT AGREEMENT (the "Agreement"), is made and entered into
as of the 2nd day of January, 2004 by and between NORD RESOURCES CORPORATION, a
Delaware corporation (the "Company") and RONALD A. HIRSCH, an adult individual
residing in the County of Orange, State of California (the "Executive").

                                   WITNESSETH:

WHEREAS, the Executive has been serving as the Chief Executive Officer of the
Company, the parties hereto desire to continue such employment, and the Company
and Executive desire to enter into this Agreement memorializing the terms of
such employment, in each case subject to the terms and conditions set forth
herein.

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

SECTION 1. DEFINITIONS.

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

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

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

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

(d) "Board" shall mean the Board of Directors of the Company.

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

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embezzlement against the Company or any Affiliate; or (vi) Executive's breach of
any material provision of this Agreement and/or the Confidentiality Agreement.

(f) "Commencement Date" shall mean January 2, 2004.

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

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

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

(j) "Term of Employment" shall mean the period specified in Section 2 below.

SECTION 2. ACCEPTANCE AND TERM OF EMPLOYMENT.

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

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SECTION 3. POSITION. DUTIES AND RESPONSIBILITIES. PLACE OF PERFORMANCE.

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

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

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

(d) Executive's principal place of employment shall be in Orange County,
California, although Executive understands and agrees that he will be required
to travel nom time to time for business reasons (including as reasonably
required to the Company's principal place of business in Dragoon, AZ, or such
other business locations as may be established by the Company from time to time
during the Term of Employment).

SECTION 4. COMPENSATION.

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

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

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

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(c) Incentive Stock Options. At such time as the Company shall adopt a formal
Incentive Stock Option Plan, the Executive shall be entitled to participate
therein.

SECTION 5. EMPLOYEE BENEFITS.

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

SECTION 6. REIMBURSEMENT OF BUSINESS EXPENSES.

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

SECTION 7. TERMINATION OF EMPLOYMENT.

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

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

(c) Termination by the Company for Cause.

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

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     Executive (i.e., in the case of a breach of the Confidentiality Agreement),
     then such termination shall be effective immediately upon the receipt of
     notice by the Executive.

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

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

     (i) the Accrued Obligations, if any;

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

     (iii) should Executive be eligible for and elect to continue his health
     insurance pursuant to the Consolidated Omnibus Budget Reconciliation Act of
     1985, as amended ("COBRA") following the date of such termination, payment
     of COBRA premiums until the earlier of: (A) expiration of the Severance
     Term, or (b) the date Executive commences employment with any person or
     entity and, thus, is eligible for health insurance benefits at least as
     favorable as those provided by the Company.

(e) Termination by the Executive for Good Reason. Executive may terminate his
employment for Good Reason by providing the Company thirty (30) days' written
notice, setting forth in reasonable specificity the event(s) constituting Good
Reason, within sixty (60) days of the occurrence of such event. During such
thirty (30) day notice period, the Company shall have a cure right (if curable),
and if not cured within such period, Executive's termination will be effective
upon the expiration of such cure period (and, if not curable, then Executive's
termination shall be effective as of the date of the Company's receipt of his
notice therefor), and Executive shall be entitled to the same payments and
benefits as provided in Section 4(d) above for a termination without Cause.

(f) Termination by Executive Without Good Reason. Executive may terminate his
employment without Good Reason by providing the Company sixty (60) days' written
notice in advance of such termination. In the event of a termination of
employment by Executive under this Section 4(f), Executive shall have the same
entitlements as are provided in Section 4(c)(ii) above for a termination by the
Company for Cause. In the event of termination of Executive's employment under
this subsection (f), the Company may, in its sole and absolute discretion, at
any time after notice of termination has been given by Executive, terminate this
Agreement, provided that the Company shall continue to pay to Executive his then
current Base Salary and continue benefits provided pursuant to (b)5 for the
duration of the unexpired notice period.

(g) Termination Following a Change in Control.

<PAGE>

                                       -6-

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

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

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

          (C) if the Executive elects continuation of coverage of medical and
          dental benefits under the Consolidated Omnibus Budget Reconciliation
          Act of 1985 (COBRA), the Company will pay 100% such premiums for the
          first 18 months of coverage; and

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

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

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

          (A) any "person," as such term is used in Sections B(d) and 14(d) of
          the Securities Exchange Act of 1934 (the "Exchange Act") (other than
          the Company, any trustee or other fiduciary holding securities under
          an employee benefit plan of the Company, or any corporation owned
          directly or indirectly by the shareholders of the Company in
          substantially the same proportion as the ownership of stock of the
          Company) is or becomes the "beneficial owner" (as defined in Rule
          13d-3 under the Exchange Act), directly or indirectly, of securities
          of the Company representing more than 50% of the combined voting power
          of the Company's then outstanding securities; or

          (B) individuals who, as of the Effective Date, constituting then
          presiding Board of Directors (the "Incumbent Board"), cease for any
          reason to constitute at least a majority of the Board, provided that
          any person becoming a director subsequent to the date hereof whose
          election, or nomination for election by the Company's shareholders,
          was approved by a vote of at least a majority of the directors then
          comprising the then Incumbent Board (other than an election or
          nomination of an individual whose initial assumption of office is in
          connection

<PAGE>

                                       -7-

          with an actual or threatened election contest relating to the election
          of the directors of the Company, as such terms are used in Rule 14a-l1
          of Regulation 14A under the Exchange Act) shall be, for purposes of
          this Agreement, considered as though such person were a member of the
          Incumbent Board; or

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

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

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

(i) Expiration of the Term of Employment. Notwithstanding anything herein to the
contrary, in no event shall any termination by reason of expiration of the Term
of Employment pursuant to Section 2 hereof constitute a termination without
Cause hereunder and, upon such expiration, Executive shall have the same
entitlements as are provided in Section 4( c )(ii) above for a termination by
the Company for Cause. Notwithstanding the foregoing, in no event shall a notice
of nonrenewal of the Term of Employment by Executive pursuant to Section 2
hereof in and of itself constitute Cause.

(j) Release. Notwithstanding any provision herein to the contrary, the Company
may require, prior to payment of any amount or provision of any benefit pursuant
to Sections 7(d) or 7(e) or 7(g) of this Agreement, that Executive execute a
complete and mutual release of the Company and its affiliates and related
parties in such form as is reasonably required by the Company, and any waiting
periods contained in such release shall have expired.

SECTION 8. CONFIDENTIALITY AGREEMENT; ASSIGNMENT OF INTELLECTUAL PROPERTY
RIGHTS.

(a) As a condition to his employment pursuant to this Agreement, Executive shall
sign the Confidentiality Agreement. Executive hereby represents and warrants to
the Company that he

<PAGE>

                                       -8-

will comply with all obligations under the Confidentiality Agreement and further
agrees that the provisions of the Confidentiality Agreement shall survive any
termination of this Agreement or of Executive's employment or subsequent service
relationship with the Company, if any.

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

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

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

     (iii) Moreover, if during the Employment Term, Executive creates any
     original work of authorship which is the subject matter of copyright
     relating to the Company's business, products, or services, whether such
     work is created solely by Executive or jointly with others, the Company
     shall be deemed the author of such work if the work is prepared by
     Executive in the scope of his employment; or, if the work is not prepared
     by Executive within the scope of his employment, but is specifically
     ordered by the Company as a contribution to a collective work, as a part of
     a motion picture or other audiovisual work, as a translation, as a
     supplementary work, as a compilation or as an instructional text, then the
     work shall be considered to be a work made for hire and the Company shall
     be the author of the work. In the event such work is neither prepared by
     the Executive within the scope of his employment or is not a work specially
     ordered and deemed to be a work made for hire, then Executive hereby agrees
     to assign, and by these presents, does assign, to the Company an undivided
     one-half interest in and to all of

<PAGE>

                                       -9-

     Executive's worldwide right, title and interest in and to the work and all
     rights or copyright therein, including but not limited to, the execution of
     all formal assignment documents requested by the Company or its nominee,
     not inconsistent with this Agreement, and the execution of all lawful oaths
     and applications for registration of copyright in the United States and
     foreign countries.

SECTION 9. REPRESENTATIONS, WARRANTIES AND COVENANTS OF EXECUTIVE.

Executive represents and covenants to the Company as follows:

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

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

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

SECTION 10. TAXES.

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

SECTION 11. EXCISE TAXES

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

SECTION 12. SUCCESSORS AND ASSIGNS; NO THIRD-PARTY BENEFICIARIES.

(a) The Company. This Agreement shall inure to the benefit of and be enforceable
by, and may be assigned by the Company to, any purchaser of all or substantially
all of the Company's business or assets, any successor to the Company or any
assignee thereof (whether direct or indirect, by purchase, merger, consolidation
or otherwise). The Company will require any such purchaser, successor or
assignee to expressly assume and agree to perform this Agreement in the

<PAGE>

                                      -10-

same manner and to the same extent that the Company would be required to perform
it if no such purchase, succession or assignment had taken place.

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

SECTION 13. WAIVER AND AMENDMENTS.

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

SECTION 14. SEVERABILITY.

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

SECTION 15. GOVERNING LAW; VENUE.

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

SECTION 16. NOTICES.

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

<PAGE>

                                      -11-

be given to Executive personally or may be mailed to Executive at Executive's
last known address, as reflected in the Company's records.

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

SECTION 17. SECTION HEADINGS.

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

SECTION 18. ENTIRE AGREEMENT.

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

SECTION 19. SURVIVAL OF OPERATIVE SECTIONS.

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

SECTION 20. COUNTERPARTS; FACSIMILES.

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

                  [SIGNATURES TO APPEAR ON THE FOLLOWING PAGE]

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

                                        THE COMPANY:

                                        NORD RESOURCES CORPORATION

                                        BY: /s/ Erland Anderson
                                            ------------------------------------
                                        Name: Erland Anderson
                                              President

<PAGE>

                                      -12-

                                        THE EXECUTIVE:

                                        BY: /s/ Ronald A. Hirsch
                                            ------------------------------------
                                        Name: Ronald A. Hirsch

<PAGE>

                                    EXHIBIT A
                        TO EXECUTIVE EMPLOYMENT AGREEMENT

                  CONFIDENTIALITY AND NONSOLICITATION AGREEMENT

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

1. Confidential Information.

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

<PAGE>

                                       -2-

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

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

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

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

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

5. Reasonableness of Restrictions. I acknowledge and recognize the highly
competitive nature of the Company's business, that access to Confidential
Information renders me special and unique within the Company's industries, and
that I will have the opportunity to develop substantial relationships with
existing and prospective customers, clients, suppliers, consultants

<PAGE>

                                       -3-

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

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

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

8. General Provisions.

(a) Governing Law: Venue. This Agreement shall be governed by and construed in
accordance with the internal laws of the State of California applicable to the
performance and enforcement of contracts made within such state, without giving
effect to the law of conflicts of laws applied thereby. In the event that any
dispute shall occur between the parties arising out of or resulting from the
construction, interpretation, enforcement or any other aspect of this Agreement,
the parties hereby agree to accept the exclusive jurisdiction of the Courts of
the State

<PAGE>

                                       -4-

of California sitting in and for the County of Orange. In the event either party
shall be forced to bring any legal action to protect or defend its rights
hereunder, then the prevailing party in such proceeding shall be entitled to
reimbursement from the non-prevailing party of all fees, costs and other
expenses (including, without limitation, the reasonable expenses of its
attorneys) in bringing or defending against such action.

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

(c) No Right of Continued Employment. I acknowledge and agree that nothing
contained herein shall be construed as granting me any right to continued
employment by the Company, and the right of the Company terminate my employment
at any time and for any reason, with or without cause, is specifically reserved.

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

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

IN WITNESS WHEREOF, I, Ronald A. Hirsch, have executed this Confidentiality and
Non-solicitation Agreement effective as of the date and year set forth below:

Date: As of January 2, 2004

                                        By: /s/ Ronald A. Hirsch
                                            ------------------------------------
                                            Ronald A. Hirsch

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