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Exhibit 10.48
(NORD LOGO)
NORD RESOURCES CORPORATION
3048 N. Seven Dash Road, P.O. Box 384
Dragoon, AZ 85609
(520) 586-2241 - Fax (520) 586-7020
www.nordresources.com
March 28, 2005
Mr. John Perry
6740 N Columbus
Tucson, AZ 85718
VIA EMAIL ONLY: jperry3511@aol.com
Dear John:
The Directors of Nord Resources are pleased to offer you the
position of Senior
Vice President and Chief Financial Officer with all corporate
financial and
compliance responsibilities. Your strong mining industry
background, your
honesty, integrity and reputation have led to our decision. We are
confident you
can make an important contribution to Nord Resources. This revised
letter
replaces our previous offer dated March 23, 2005.
Your initial salary will be $175,000 per annum, is subject to
bi-annual review
and is contingent upon Nord Resources receiving funding of at least
$10 million
dollars. In lieu of a cash salary during the interim period between
your
acceptance of this offer and Nord receiving its funding, Nord will
issue you
20,000 common shares each month on a pro-rata basis.
Upon your written acceptance of this offer, Nord Resources will
provide you with
a "signing bonus" of 500,000 common shares (restricted as per US
Securit
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