1.1. This Agreement is made and entered into effective as of July 11, 2000 (the "Effective Date"), by and
between United States Antimony Corporation, and Thomson Kernaghan & Co. Ltd., individually and as agent
for the Purchasers, and the Purchasers identified on Exhibit G.
2. Definition and Accounting Terms
2.1. Definitions. As used in this Agreement:
2.1.1. "Affiliate" means any Person (i) that directly or indirectly controls, or is controlled by, or is under common
control with the Company or a Subsidiary; or (ii) that directly or indirectly beneficially owns or holds five percent
(5%) or more of any class of voting stock of the Company or any Subsidiary; or (iii) five percent (5%) or more
of the voting stock of which is directly or indirectly beneficially owned or held by the Company or a Subsidiary.
2.1.2. "Agent" means Thomson Kernaghan & Col. Ltd., a corporation incorporated under the laws of Ontario,
for itself and as agent for the Purchasers
2.1.3. "Agent's Fee" shall have the meaning ascribed in paragraph 13.12 of this Agreement.
2.1.4. "Agent's Principal Office" means the Agent's principal office at 365 Bay Street, Toronto, Ontario M5H
2.1.5. "Agent's Warrant" shall have the meaning ascribed in paragraph 6.2 of this Agreement, and shall be in the
form of Exhibit C.
2.1.6. "Agreement" means this Securities Purchase Agreement, as amended, supplemented or modified from time
2.1.7. "Capital Lease" means all leases that have been or should be capitalized on the books of the lessee in
accordance with GAAP.
2.1.8. "City" means the City of Moscow, Idaho.
2.1.9. "Closing Bid Price" shall mean the closing bid price per share of the Common Stock on a Trading Day
reported by Bloomburg L.P.
2.1.10. "Closing Date" means the date, time and place at which a purchase and sale of Debentures closes, or
such other date, time and place as the Agent and the Company may agree in writing to be the Closing Date.
2.1.11. "Code" means the US Internal Rev