SETTLEMENT AGREEMENT AND
RELEASE OF ALL CLAIMS - 1
SETTLEMENT AGREEMENT AND RELEASE OF ALL CLAIMS
This Settlement Agreement and Release of All Claims ( "Agreement"), is entered into by, between, and among
Ronald Michael Meneo, Trustee of the Walter L. Maguire 1935-1 Trust (hereinafter the "Trust") and Walter L.
Maguire (hereinafter "Maguire"), and United States Antimony, a Montana corporation (hereinafter "USAC"),
parties in certain litigation captioned Ronald Michael Meneo, Trustee of the Walter L. Maguire 1935-1 Trust v.
United States Antimony Corporation, Montana Twentieth Judicial District Court, Sanders County, Cause No.
DV.98-28 and U.S. Antimony Corporation, a Montana corporation vs. Walter L. Maguire, Montana Twentieth
Judicial District Court, Sanders County, Cause No. DV.98-60 (hereinafter collectively referred to as the
In consideration of the mutual covenants, conditions, promises, and other matters contained in this Agreement,
the sufficiency of which as consideration is acknowledged , the parties agree as follows:
a. The Trust holds and claims as Owner four (4) USAC debentures totalling the principal amount $335,000
($200,000 Debenture dated April 15, 1985; $30,000 Debenture dated May 2, 1998; $20,000 Debenture dated
July 12, 1988; and $85,000 Debenture dated November 2, 1988)(hereinafter collectively referred to as
"Debentures"). The Trust also claims interest due and owing on the Debentures. USAC disputes the amount of
either principal or interest, if any, as being due and payable.
b. The Trust and Maguire agree to surrender and deliver the Debentures to USAC. USAC, upon delivery of the
Debentures, will issue to the Trust 790,909 shares of USAC common stock which shall extinguish all
indebtedness claimed owing by the Trust or Maguire. USAC shall then mark the Debentures as paid in full, and
any rights and interest of the Trust and/or Maguire in the Debentures shall be extinguished.
2. No Admission of Liability. All the parties he