MEMORANDUM OF UNDERSTANDING
PARTIES:
Geosearch Inc. (hereinafter "Geosearch")
▇▇▇ ▇▇▇▇▇▇▇▇▇, President, PO Box 5988, Missoula, Mt. 59806
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇. ▇▇▇▇▇
United States Antimony Corporation (hereinafter "USAC")
PO Box 643
▇▇▇▇▇▇▇▇ Falls, Mt. 59873
RECITALS
1. On 8 July 1987, ▇▇▇▇▇▇▇▇▇ entered into a Lease Agreement with Yellow
Jacket Mines, Inc. of ▇▇▇ ▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇, ▇▇.
2. On 19 February 1988, ▇▇▇▇▇▇▇▇▇ entered into an Assignment of the Lease
Agreement by and between Geosearch and Yellow Jacket Mines, Inc to USAC.
3. On 9 September 1994, Geosearch and USAC entered into a Security Agreement
regarding a lawsuit filed by Geosearch against USAC, No. CV94-28.
4. On 9 September 1994. Geosearch and USAC agreed to a Division Order with
the First State Bank of ▇▇▇▇▇▇▇▇ Falls, Mt.
AGREEMENT
Now, therefore, it is agreed that USAC will issue 122,926 shares of USAC
common stock
to ▇▇▇ ▇▇▇▇▇▇▇▇▇ and 122,926 share of USAC common stock to ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
for the full
and complete satisfaction of all covenants, royalties, and interest due
Geosearch, ▇▇▇ ▇▇▇▇▇▇▇▇▇
and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ under the 4 Agreements abovementioned under Recitals:
Dated this _______day of ___________, 1999
Geosearch, Inc United States Antimony Corporation
______________________________ /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
