APEX SILVER MINES LIMITED $150,000,000 2.875% Convertible Senior Subordinated Notes Due 2024* Purchase AgreementApex Silver Mines LTD • March 11th, 2004 • Gold and silver ores • New York
Apex Silver Mines Limited, a Cayman Islands company (the "Company"), proposes to issue and sell to the several parties named in Schedule I hereto (the "Initial Purchasers"), for whom you (the "Representatives") are acting as representatives, $150,000,000 aggregate principal amount of its 2.875% Convertible Senior Subordinated Notes Due 2024 (the "Firm Securities"). The Company also proposes to grant to the Initial Purchasers an option to purchase up to $50,000,000 additional aggregate principal amount of such Notes (the "Option Securities" and, together with the Firm Securities, the "Securities"). The Securities are convertible into ordinary shares, par value $.01 per share (the "Ordinary Shares"), of the Company. The Securities are to be issued under an indenture (the "Indenture"), to be dated as of the Closing Date, between the Company and The Bank of New York, as trustee (the "Trustee"). The Securities will have the benefit of a registration rights agreement (the "Registration Right
