0001104659-08-053413 Sample Contracts

LOAN AGREEMENT
Loan Agreement • August 15th, 2008 • Apex Silver Mines LTD • Gold and silver ores • New York

THIS LOAN AGREEMENT (this “Agreement”) dated as of August 11, 2008, is made by and between SC MINERALS AKTIEBOLAG, a privat aktiebolag organized under the laws of Sweden (the “Lender”), and MINERA SAN CRISTÓBAL, S.A., a sociedad anónima organized under the laws of Bolivia (the “Borrower”). The Lender and the Borrower are referred to herein collectively as the “Parties” and individually as a “Party.”

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