0001104659-06-012085 Sample Contracts

RESTRICTED SHARES AWARD AGREEMENT

Restricted Shares Award Agreement • February 27th, 2006 • Apex Silver Mines LTD • Gold and silver ores • Colorado

• Contract Type
  Restricted Shares Award Agreement
• Filed
  February 27th, 2006
• Company
  Apex Silver Mines LTD
• Industry
  Gold and silver ores
• Jurisdiction
  Colorado

This Restricted Shares Award Agreement (the “Award Agreement”), made as of the 21st day of February, 2006 (the “Grant Date”), between Apex Silver Mines Limited, a Cayman Islands corporation (“Apex”), and Keith R. Hulley (“Mr. Hulley”).

RETIREMENT AGREEMENT AND RELEASE

Retirement Agreement • February 27th, 2006 • Apex Silver Mines LTD • Gold and silver ores • Colorado

• Contract Type
  Retirement Agreement
• Filed
  February 27th, 2006
• Company
  Apex Silver Mines LTD
• Industry
  Gold and silver ores
• Jurisdiction
  Colorado

This Retirement Agreement and Release (“Agreement”) is made between (i) Keith R. Hulley (“Mr. Hulley”), (ii) Apex Silver Mines Corporation, a Delaware corporation (the “Company”), and (iii) Apex Silver Mines Limited, a Cayman Islands company (“Apex”), of which the Company is an indirect wholly owned subsidiary. Mr. Hulley, the Company and Apex are referred to collectively as the “Parties” and each individually as a “Party.” The Effective Date of this Agreement will be as set forth in Section 1.