MUTUAL GENERAL
RELEASE
BETWEEN:
NORD RESOURCES CORPORATION
1 Wetmore Road, Suite 203,
Tucson, Arizona
(“NORD”)
AND:
NICHOLAS TINTOR
1466 Crescent Road,
Mississauga, Ontario
(“TINTOR”)
WHEREAS NORD and TINTOR have
agreed to a full and final settlement of any and all differences
between them upon the terms, covenants and conditions contained in
the attached Settlement Agreement dated September 29, 2006 and
marked Appendix “A” to this Mutual General
Release.
NOW THEREFORE, in consideration
of the terms, covenants and conditions set out below, and for the
other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged,
1.
TINTOR does hereby remise, release and forever discharge NORD, its
related companies, officers, directors, servants, employees and
agents, and their heirs, executors, administrators, successors and
assigns (the "First Releasees") or any of them, of and from any and
all matter of actions, causes of action, suits, contracts, claims
and damages (whether known or unknown), including but not limited
to salary, non-salary benefits, vacation pay, interest,
- 2 -
bonus, commissions, stock options
or incentives, costs and expenses of any nature or kind whatsoever,
whether in law or in equity, including, but not limited to, any and
all claims under statute, whether arising anywhere, including but
not limited to British Columbia, Canada, Ontario, Canada and
Arizona, United States of America under any statutory regulations,
including but not limited to employment standards legislation,
human rights legislation or securities legislation, which as
against NORD, the First Releasees or any of them, TINTOR ever had,
now has, or at any time hereafter can, shall or may have, by reason
of or arising out of any cause, matter or thing whatsoever and,
without limiting the generality of the foregoing, by reason of or
arising out of his employment as President and Chief Executive
Officer of NORD or its termination thereof or by reason of or
arising out of TINTOR’s position as a member of the Board of
Directors of
NORD.
2.
NORD does hereby remise, release and forever discharge TINTOR, his
agents, servants, heirs, executors, administrators, successors and
assigns (the "Second Releasees") or any of them, of and from any
and all matter of a
