0001047469-05-006803 Sample Contracts

APEX SILVER MINES LIMITED 2004 EQUITY INCENTIVE PLAN INCENTIVE SHARE OPTION AGREEMENT
Incentive Plan Incentive Share Option Agreement • March 16th, 2005 • Apex Silver Mines LTD • Gold and silver ores • Delaware

This Incentive Share Option Agreement (the "Agreement"), made as of the day of , by and between Apex Silver Mines Limited, an exempted limited liability company duly formed and existing under the laws of the Cayman Islands (the "Company"), and (the "Participant").

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APEX SILVER MINES 2004 EQUITY INCENTIVE PLAN RESTRICTED SHARES AWARD AGREEMENT
Shares Award Agreement • March 16th, 2005 • Apex Silver Mines LTD • Gold and silver ores • Colorado

This Restricted Shares Award Agreement (the "Award Agreement"), made as of the day of (the "Grant Date"), between Apex Silver Mines Limited, a Cayman Islands corporation (the "Company"), and (the "Participant").

SAN CRISTÓBAL MINE OPEN PIT CONTRACT MINING SERVICES AGREEMENT BETWEEN MINERA SAN CRISTÓBAL, S.A. AND WASHINGTON GROUP BOLIVIA S.R.L. JANUARY 7, 2005
Open Pit Contract Mining Services Agreement • March 16th, 2005 • Apex Silver Mines LTD • Gold and silver ores • Colorado

This Open Pit Contract Mining Services Agreement (this "Agreement") made this 7th day of January, 2005 (the "Effective Date") is between Minera San Cristóbal, S.A., a sociedad anonima formed under the laws of Bolivia ("Owner"), and Washington Group Bolivia S.R.L., a limited liability company organized under the laws of Bolivia ("Contractor").

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