<SEC-DOCUMENT>0001104659-22-120380.txt : 20221118
<SEC-HEADER>0001104659-22-120380.hdr.sgml : 20221118
<ACCEPTANCE-DATETIME>20221118171200
ACCESSION NUMBER:		0001104659-22-120380
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20221109
FILED AS OF DATE:		20221118
DATE AS OF CHANGE:		20221118

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Triple Flag Precious Metals Corp.
		CENTRAL INDEX KEY:			0001829726
		STANDARD INDUSTRIAL CLASSIFICATION:	MINERAL ROYALTY TRADERS [6795]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			Z4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41484
		FILM NUMBER:		221402776

	BUSINESS ADDRESS:	
		STREET 1:		TD CANADA TRUST TOWER
		STREET 2:		161 BAY STREET, SUITE 4535
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 2S1
		BUSINESS PHONE:		(416) 304-9741

	MAIL ADDRESS:	
		STREET 1:		TD CANADA TRUST TOWER
		STREET 2:		161 BAY STREET, SUITE 4535
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 2S1
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tm2230837d1_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES </B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNDER THE SECURITIES EXCHANGE ACT OF 1934 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>For the month of November 2022</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Commission File Number: 001-41484</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TRIPLE FLAG PRECIOUS METALS CORP. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Translation of the registrant&rsquo;s name
into English) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TD Canada Trust Tower, 161 Bay Street, Suite
4535, Toronto, Ontario, Canada M5J 2S1 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Address of principal executive office) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Form 20-F&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form
40-F&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#120;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1):&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7):&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Exhibits 99.1 through 99.5 of this Form 6-K
are incorporated by reference into Triple Flag Precious Metal Corp.'s registration statements on <A HREF="https://www.sec.gov/Archives/edgar/data/1829726/000110465922092225/tm2220483-1_f10.htm" STYLE="-sec-extract: exhibit">Form
F-10 (File No. 333-266940)</A> and <A HREF="https://www.sec.gov/Archives/edgar/data/1829726/000110465922096779/tm2224430d1_s8.htm" STYLE="-sec-extract: exhibit">Form
S-8 (File No. 333-267209)</A>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following documents, which are attached as exhibits hereto, are
incorporated by reference herein:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="white-space: nowrap; width: 5%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 0.75pt solid"><B>Exhibit</B></P></TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 91%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 0.75pt solid"><B>Title</B></P></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top"><A HREF="tm2230837d1_ex99-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</FONT></A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><A HREF="tm2230837d1_ex99-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Material Change Report, dated November 18, 2022</FONT></A></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top"><A HREF="tm2230837d1_ex99-2.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.2</FONT></A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><A HREF="tm2230837d1_ex99-2.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Arrangement Agreement between Triple Flag Precious Metals Corp. and Maverix Metals Inc., dated November 9, 2022</FONT></A></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top"><A HREF="tm2230837d1_ex99-3.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.3</FONT></A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top"><A HREF="tm2230837d1_ex99-3.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Voting Support Agreement among Triple Flag Precious Metals Corp., Maverix Metals Inc., and Triple Flag Mining Aggregator S.&agrave; r.l., dated November 9, 2022</FONT></A></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top"><A HREF="tm2230837d1_ex99-4.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.4</FONT></A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top"><A HREF="tm2230837d1_ex99-4.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Voting Support Agreement among Triple Flag Precious Metals Corp., Maverix Metals Inc., and Triple Flag Co-Invest Luxembourg Investment Company S.&agrave; r.l., dated November 9, 2022</FONT></A></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top"><A HREF="tm2230837d1_ex99-5.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.5</FONT></A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top"><A HREF="tm2230837d1_ex99-5.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Investor Rights Agreement Amending Agreement among Triple Flag Precious Metals Corp., Triple Flag Mining Aggregator S.&agrave; r.l. and Triple Flag Co-Invest Luxembourg Investment Company S.&agrave; r.l., dated November 9, 2022</FONT></A></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TRIPLE FLAG PREICOUS METALS CORP.</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 47%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date: November 18, 2022</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid">/s/ Sheldon Vanderkooy&nbsp;</P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Sheldon Vanderkooy</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Chief Financial Officer</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tm2230837d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font-weight: bold; text-align: right; margin: 0">Exhibit 99.1</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;51-102F3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>MATERIAL CHANGE REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 1 &ndash; Name and Address of Company:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Triple Flag Precious Metals Corp. (&ldquo;<B>Triple Flag</B>&rdquo;)&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">161 Bay Street, Suite&nbsp;4535&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Toronto, ON M5J 2S1</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 2 - Date of Material Change:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">November&nbsp;9, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 3 &ndash; News Release:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">A
joint news release with respect to the material change referenced in this report was disseminated on November&nbsp;10, 2022 by Triple
Flag and Maverix Metals Inc. (&ldquo;<B>Maverix</B>&rdquo;) via</FONT> Canada Newswire and a copy was subsequently filed on the System
for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 4 &ndash; Summary of Material Change:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">On November&nbsp;10, 2022, Triple Flag
and Maverix announced the entering into of an arrangement agreement (the &ldquo;<B>Arrangement Agreement</B>&rdquo;), pursuant to which
Triple Flag has agreed to acquire all of the issued and outstanding common shares of Maverix pursuant to a court-approved plan of arrangement
(the &ldquo;<B>Arrangement</B>&rdquo;) under the <I>Canada Business Corporations Act</I>. Maverix is a gold-focused royalty and streaming
company with a globally diversified portfolio of over 148 assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 5 &ndash; Full Description of Material Change:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5.1</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Full Description of Material
Change</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">On November&nbsp;9, 2022, Triple Flag
and Maverix entered into the Arrangement Agreement. Under the Arrangement, shareholders of Maverix will receive, at the election of each
holder, either US$3.92 in cash or 0.360 common shares of Triple Flag for each Maverix common share held, representing share consideration
of US$3.92 per Maverix common share based on the closing price of Triple Flag common shares on November&nbsp;9, 2022 of US$10.89. The
shareholder election will be subject to pro ration such that the cash consideration will not exceed 15% of the total consideration and
the share consideration will not exceed 85% of the total consideration. Maverix shareholders who do not elect to receive either Triple
Flag common shares or cash will be deemed to elect default consideration of 0.360 Triple Flag common shares per Maverix common share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The exchange ratio implies a premium
of 10% based on the closing share prices of Triple Flag and Maverix on the New York Stock Exchange (&ldquo;<B>NYSE</B>&rdquo;) on November&nbsp;9,
2022 and a premium of 22% based on the 10-day volume-weighted average share prices of Triple Flag and Maverix on the NYSE as of November&nbsp;9,
2022. This implies a total equity value of Maverix of approximately US$606 million on a fully diluted basis. Upon completion of the Arrangement,
existing Triple Flag and Maverix shareholders will own approximately 77% and 23% of the combined company, respectively, on a fully diluted
basis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B><I>Required Approvals and Other Terms
and Conditions</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Board of Directors of Triple Flag
and the Board of Directors of Maverix have unanimously approved the Arrangement and the Board of Directors of Maverix recommends that
Maverix shareholders vote in favour of the Arrangement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Arrangement will require approval
by at least (i)&nbsp;66&frac23;% of the votes cast by Maverix shareholders, as well as (ii)&nbsp;minority shareholder approval in accordance
with Multilateral Instrument 61-101 &ndash; <I>Protection of Minority Security Holders in Special Transactions</I>, at a special meeting
of Maverix shareholders expected to be held in early January&nbsp;2023. Newmont Corporation and Pan American Silver Corp., together with
all of the officers and directors of Maverix, collectively control approximately 57% of the common shares of Maverix on a fully diluted
basis and have entered into voting and support agreements pursuant to which they have agreed to vote their shares in favor of the Arrangement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">As the Triple Flag shares to be issued
to the shareholders of Maverix pursuant to the Arrangement will exceed 25% of the issued and outstanding common shares of Triple Flag,
Triple Flag shareholder approval of the Arrangement is required under Section&nbsp;611(c)&nbsp;of the rules&nbsp;of the TSX. Triple Flag
is relying on the exemption in Section&nbsp;604(d)&nbsp;of the rules&nbsp;of the TSX, whereby instead of holding a shareholder meeting,
Triple Flag has obtained the written consent for the Arrangement of shareholders of Triple Flag holding greater than 50% of the issued
and outstanding common shares of Triple Flag.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Entities controlled by Elliott Investment
Management L.P., which control approximately 83% of the issued and outstanding common shares of Triple Flag, have entered into voting
and support agreements pursuant to which they have provided written consent to the Arrangement, and have agreed, if required, to vote
their shares in favor of the Arrangement at a Triple Flag shareholder meeting. Each of the officers and directors of Triple Flag have
also entered into voting and support agreements, pursuant to which they have agreed to vote their shares in favor of the Arrangement in
the event of a Triple Flag shareholder meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In addition to shareholder approval
and the approval of the Ontario Superior Court of Justice (Commercial List), the Arrangement will be subject to applicable regulatory
approvals and the satisfaction of other customary conditions. Subject to the receipt of all necessary approvals and the satisfaction of
other closing conditions, the Arrangement is expected to close in January&nbsp;2023. The Arrangement Agreement includes customary deal
protection provisions, including a non-solicitation covenant by Maverix of alternative transactions and a right of Triple Flag to match
any superior proposals. A break fee in the amount of approximately US$24 million is payable by Maverix to Triple Flag in certain circumstances
should the Arrangement not be completed. The Arrangement Agreement also contains customary representations and warranties given by each
of Triple Flag and Maverix to the other, as well as customary covenants of each of Triple Flag and Maverix relating to, among other things,
the operation of their respective businesses prior to the closing of the Arrangement and using commercially reasonably efforts to satisfy
the conditions precedent to the Arrangement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The combined company will continue as
Triple Flag Precious Metals Corp., headquartered in Toronto, Ontario and will be led by Shaun Usmar as CEO. Upon completion of the Arrangement,
it is expected that the board of directors of Triple Flag will consist of nine directors, including Geoff Burns, founder and Chair of
Maverix, and another nominee of Maverix to be identified and agreed by Triple Flag and Maverix.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>5.2</B></TD><TD STYLE="text-align: justify"><B>Disclosure for Restructuring Transactions</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 6 &ndash; Reliance on subsection 7.1(2)&nbsp;of National Instrument
51-102:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 7 - Omitted Information:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 8 &ndash; Executive Officer:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">The following is the name and telephone number of an executive
officer of Triple Flag who is knowledgeable about the material change and this report:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Contact:</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Sheldon
Vanderkooy<BR>
Phone No:</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">(416) 304-9741</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9 &ndash; Date of Report:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">November&nbsp;18, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Cautionary Note Regarding Forward-Looking Information
and Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>This material change report contains &ldquo;forward-looking
information&rdquo; within the meaning of applicable Canadian securities laws and &ldquo;forward-looking statements&rdquo; within the meaning
of the United States Private Securities Litigation Reform Act of 1995, respectively (collectively referred to herein as &ldquo;forward-looking
information&rdquo;). Forward-looking information may be identified by the use of forward-looking terminology such as &ldquo;plans&rdquo;,
 &ldquo;targets&rdquo;, &ldquo;expects&rdquo;, &ldquo;is expected&rdquo;, &ldquo;budget&rdquo;, &ldquo;scheduled&rdquo;, &ldquo;estimates&rdquo;,
 &ldquo;outlook&rdquo;, &ldquo;forecasts&rdquo;, &ldquo;projection&rdquo;, &ldquo;prospects&rdquo;, &ldquo;strategy&rdquo;, &ldquo;intends&rdquo;,
 &ldquo;anticipates&rdquo;, &ldquo;believes&rdquo;, or variations of such words and phrases or terminology which states that certain actions,
events or results &ldquo;may&rdquo;, &ldquo;could&rdquo;, &ldquo;would&rdquo;, &ldquo;might&rdquo;, &ldquo;will&rdquo;, &ldquo;will be
taken&rdquo;, &ldquo;occur&rdquo; or &ldquo;be achieved&rdquo;. Forward-looking information in this material change report includes: expected
timing and completion of the proposed Arrangement; achieving and satisfying the shareholder and other approvals necessary to complete
the proposed Arrangement; and Triple Flag&rsquo;s assessments of, and expectations for, future periods. In addition, any statements that
refer to expectations, intentions, projections or other characterizations of future events or circumstances, including information in
this material change report regarding the Arrangement and the anticipated benefits therefrom, contain forward-looking information. Statements
containing forward-looking information are not historical facts but instead represent Triple Flag&rsquo;s expectations, estimates and
projections regarding possible future events or circumstances.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>The forward-looking information included in
this material change report is based on Triple Flag&rsquo;s opinions, estimates and assumptions in light of its experience and perception
of historical trends, current conditions and expected future developments, its assumptions regarding the Arrangement (including, but not
limited to, its ability to close the Arrangement on the terms contemplated, and to derive the anticipated benefits therefrom), as well
as other factors that it currently believes are appropriate and reasonable in the circumstances. The forward-looking information contained
in this material change report is also based upon a number of assumptions, including Triple Flag&rsquo;s and Maverix&rsquo;s ability to
obtain the required shareholder, court and regulatory approvals in a timely matter, if at all; their ability to satisfy the terms and
conditions precedent of the Agreement in order to consummate the proposed Arrangement; the ongoing operation of the properties in which
they hold a stream or royalty interest by the owners or operators of such properties in a manner consistent with past practice; the accuracy
of public statements and disclosures made by the owners or operators of such underlying properties; and the accuracy of publicly disclosed
expectations for the development of underlying properties that are not yet in production. These assumptions include, but are not limited
to, the following: assumptions in respect of current and future market conditions and the execution of Triple Flag&rsquo;s business strategies,
that operations, or ramp-up where applicable, at properties in which it holds a royalty, stream or other interest, continue without further
interruption through the period, and the absence of any other factors that could cause actions, events or results to differ from those
anticipated, estimated, intended or implied. Despite a careful process to prepare and review the forward-looking information, there can
be no assurance that the underlying opinions, estimates and assumptions will prove to be correct. Forward-looking information is also
subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance
or achievements to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties
and other factors include, but are not limited to, failure to receive the required shareholder, court, regulatory and other approvals
necessary to effect the proposed Arrangement; the potential for a third party to make a superior proposal to the proposed Arrangement;
and those set forth under the caption &ldquo;Risk Factors&rdquo; in Triple Flag&rsquo;s annual information form and in its most recent
management&rsquo;s discussion and analysis. For clarity, mineral resources that are not mineral reserves do not have demonstrated economic
viability and inferred resources are considered too geologically speculative for the application of economic considerations.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Although Triple Flag has attempted to identify
important risk factors that could cause actual results or future events to differ materially from those contained in forward-looking information,
there may be other risk factors not presently known to Triple Flag or that it presently believes are not material that could also cause
actual results or future events to differ materially from those expressed in such forward-looking information. There can be no assurance
that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in
such information. Accordingly, readers should not place undue reliance on forward-looking information, which speaks only as of the date
made. The forward-looking information contained in this material change report represents Triple Flag&rsquo;s expectations as of the date
of this material change report and is subject to change after such date. Triple Flag disclaims any intention or obligation or undertaking
to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required
by applicable securities laws. All of the forward-looking information contained in this material change report is expressly qualified
by the foregoing cautionary statements.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>U.S. Securities Law Disclaimer</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">None of the securities anticipated to be
issued pursuant to the Arrangement have been or will be registered under the United States Securities Act of 1933, as amended (the
 &ldquo;<B>U.S. Securities Act</B>&rdquo;), or any state securities laws, and any securities issued in the Arrangement are
anticipated to be issued in reliance upon available exemptions from registration requirements pursuant to
Section&nbsp;3(a)(10)&nbsp;of the U.S. Securities Act and applicable exemptions under state securities laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This report does not constitute an offer to sell
or the solicitation of an offer to buy any securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>tm2230837d1_ex99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Exhibit 99.2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TRIPLE FLAG PRECIOUS METALS CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>and</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>MAVERIX METALS INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARRANGEMENT AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Dated as of November&nbsp;9, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 95%; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>ARTICLE 1 DEFINITIONS, INTERPRETATION AND SCHEDULES </B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 5%; font-size: 10pt">5</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 4%"></TD><TD STYLE="width: 6%"><FONT STYLE="font-size: 10pt">1.1</FONT></TD><TD STYLE="width: 85%"><FONT STYLE="font-size: 10pt">Definitions</FONT></TD>
                                                                                                    <TD STYLE="text-align: right; width: 5%">5</TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">1.2</FONT></TD><TD><FONT STYLE="font-size: 10pt">Interpretation Not Affected by Headings</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">21</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">1.3</FONT></TD><TD><FONT STYLE="font-size: 10pt">Number and Gender&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">21</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">1.4</FONT></TD><TD><FONT STYLE="font-size: 10pt">Date for any Action&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">21</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">1.5</FONT></TD><TD><FONT STYLE="font-size: 10pt">Statutory References&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">21</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">1.6</FONT></TD><TD><FONT STYLE="font-size: 10pt">Currency&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">21</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">1.7</FONT></TD><TD><FONT STYLE="font-size: 10pt">Invalidity of Provisions&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">21</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">1.8</FONT></TD><TD><FONT STYLE="font-size: 10pt">Certain References&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">22</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">1.9</FONT></TD><TD><FONT STYLE="font-size: 10pt">Accounting Matters&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">22</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">1.10</FONT></TD><TD><FONT STYLE="font-size: 10pt">Knowledge&#9;</FONT></TD>
                                                                                                     <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">22</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">1.11</FONT></TD><TD><FONT STYLE="font-size: 10pt">Meaning of Certain Phrase&#9;</FONT></TD>
                                                                                                     <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">22</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">1.12</FONT></TD><TD><FONT STYLE="font-size: 10pt">Subsidiaries&#9;</FONT></TD>
                                                                                                     <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">22</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">1.13</FONT></TD><TD><FONT STYLE="font-size: 10pt">Schedules&#9;</FONT></TD>
                                                                                                     <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">23</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-transform: uppercase; width: 95%; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Article&nbsp;2
THE ARRANGEMENT </B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 5%; font-size: 10pt">23</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 4%"></TD><TD STYLE="width: 6%"><FONT STYLE="font-size: 10pt">2.1</FONT></TD><TD STYLE="width: 85%"><FONT STYLE="font-size: 10pt">Arrangement&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 10pt">23</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">2.2</FONT></TD><TD><FONT STYLE="font-size: 10pt">Effective Time&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">23</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">2.3</FONT></TD><TD><FONT STYLE="font-size: 10pt">Interim Order&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">23</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">2.4</FONT></TD><TD><FONT STYLE="font-size: 10pt">Company Circular&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">24</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">2.5</FONT></TD><TD><FONT STYLE="font-size: 10pt">Company Meeting&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">25</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">2.6</FONT></TD><TD><FONT STYLE="font-size: 10pt">Triple Flag Shareholder Approval&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">27</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">2.7</FONT></TD><TD><FONT STYLE="font-size: 10pt">Final Order&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">27</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">2.8</FONT></TD><TD><FONT STYLE="font-size: 10pt">Court Proceedings&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">27</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">2.9</FONT></TD><TD><FONT STYLE="font-size: 10pt">Board of the Purchaser&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">28</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">2.10</FONT></TD><TD><FONT STYLE="font-size: 10pt">Payment of Consideration&#9;</FONT></TD>
                                                                                                     <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">28</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">2.11</FONT></TD><TD><FONT STYLE="font-size: 10pt">Section&nbsp;85 Elections&#9;</FONT></TD>
                                                                                                     <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">29</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">2.12</FONT></TD><TD><FONT STYLE="font-size: 10pt">Closing</FONT></TD>
                                                                                                     <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&#9;29</FONT></TD></TR>
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<TD></TD><TD><FONT STYLE="font-size: 10pt">2.13</FONT></TD><TD><FONT STYLE="font-size: 10pt">Pre-Acquisition Re-organization&#9;</FONT></TD>
                                                                                                     <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">30</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">2.14</FONT></TD><TD><FONT STYLE="font-size: 10pt">Tax Treatment&#9;</FONT></TD>
                                                                                                     <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">31</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">2.15</FONT></TD><TD><FONT STYLE="font-size: 10pt">U.S. Securities Law Matters&#9;</FONT></TD>
                                                                                                     <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">31</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">2.16</FONT></TD><TD><FONT STYLE="font-size: 10pt">Incentive Security Matters&#9;</FONT></TD>
                                                                                                     <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">32</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">2.17</FONT></TD><TD><FONT STYLE="font-size: 10pt">Company Warrants&#9;</FONT></TD>
                                                                                                     <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">32</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">2.18</FONT></TD><TD><FONT STYLE="font-size: 10pt">Support Agreements&#9;</FONT></TD>
                                                                                                     <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">32</FONT></TD></TR></TABLE>

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    <TD STYLE="text-transform: uppercase; width: 95%; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Article&nbsp;3
REPRESENTATIONS AND WARRANTIES </B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 5%; font-size: 10pt">32</TD></TR>
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<TD STYLE="width: 4%"></TD><TD STYLE="width: 6%"><FONT STYLE="font-size: 10pt">3.1</FONT></TD><TD STYLE="width: 85%"><FONT STYLE="font-size: 10pt">Representations and Warranties of the Company&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 10pt">32</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">3.2</FONT></TD><TD><FONT STYLE="font-size: 10pt">Representations and Warranties of Triple Flag&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">32</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">3.3</FONT></TD><TD><FONT STYLE="font-size: 10pt">The Company Disclosure Letter&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">33</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">3.4</FONT></TD><TD><FONT STYLE="font-size: 10pt">Triple Flag Disclosure Letter&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">33</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">3.5</FONT></TD><TD><FONT STYLE="font-size: 10pt">Survival of Representations and Warranties&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">33</FONT></TD></TR></TABLE>

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    <TD STYLE="text-transform: uppercase; width: 95%; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Article&nbsp;4
COVENANTS </B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 5%; font-size: 10pt">33</TD></TR>
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<TD STYLE="width: 4%"></TD><TD STYLE="width: 6%"><FONT STYLE="font-size: 10pt">4.1</FONT></TD><TD STYLE="width: 85%"><FONT STYLE="font-size: 10pt">Conduct of Business of the Company&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 10pt">33</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">4.2</FONT></TD><TD><FONT STYLE="font-size: 10pt">Conduct of Business of Triple Flag&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">38</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">4.3</FONT></TD><TD><FONT STYLE="font-size: 10pt">Covenants of the Company Regarding the Arrangement&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">42</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">4.4</FONT></TD><TD><FONT STYLE="font-size: 10pt">Covenants of Triple Flag Regarding the Performance of Obligations&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">43</FONT></TD></TR>
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<TD></TD><TD><FONT STYLE="font-size: 10pt">4.5</FONT></TD><TD><FONT STYLE="font-size: 10pt">Regulatory Approvals&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">45</FONT></TD></TR>
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<TD></TD><TD><FONT STYLE="font-size: 10pt">4.6</FONT></TD><TD><FONT STYLE="font-size: 10pt">Sanctions&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">48</FONT></TD></TR>
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<TD></TD><TD><FONT STYLE="font-size: 10pt">4.7</FONT></TD><TD><FONT STYLE="font-size: 10pt">Indemnification and Insurance&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">48</FONT></TD></TR>
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<TD></TD><TD><FONT STYLE="font-size: 10pt">4.8</FONT></TD><TD><FONT STYLE="font-size: 10pt">Access to Information; Confidentiality&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">49</FONT></TD></TR></TABLE>

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    <TD STYLE="text-transform: uppercase; width: 95%; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Article&nbsp;5
CONDITIONS </B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 5%; font-size: 10pt">50</TD></TR>
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<TD STYLE="width: 4%"></TD><TD STYLE="width: 6%"><FONT STYLE="font-size: 10pt">5.1</FONT></TD><TD STYLE="width: 85%"><FONT STYLE="font-size: 10pt">Mutual Conditions&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 10pt">50</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">5.2</FONT></TD><TD><FONT STYLE="font-size: 10pt">Company Conditions&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">51</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">5.3</FONT></TD><TD><FONT STYLE="font-size: 10pt">Triple Flag Conditions&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">52</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">5.4</FONT></TD><TD><FONT STYLE="font-size: 10pt">Notice and Cure Provisions&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">53</FONT></TD></TR>
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<TD></TD><TD><FONT STYLE="font-size: 10pt">5.5</FONT></TD><TD><FONT STYLE="font-size: 10pt">Merger of Conditions&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">53</FONT></TD></TR></TABLE>

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    <TD STYLE="text-transform: uppercase; width: 95%; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Article&nbsp;6
NON-SOLICITATION AND termination FEES </B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 5%; font-size: 10pt">54</TD></TR>
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<TD STYLE="width: 4%"></TD><TD STYLE="width: 6%"><FONT STYLE="font-size: 10pt">6.1</FONT></TD><TD STYLE="width: 85%"><FONT STYLE="font-size: 10pt">Covenant Regarding Non-Solicitation of the Company&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 10pt">54</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">6.2</FONT></TD><TD><FONT STYLE="font-size: 10pt">Notice of Company Superior Proposal Determination&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">57</FONT></TD></TR>
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<TD></TD><TD><FONT STYLE="font-size: 10pt">6.3</FONT></TD><TD><FONT STYLE="font-size: 10pt">Company Termination Payment Event&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">58</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">6.4</FONT></TD><TD><FONT STYLE="font-size: 10pt">Reimbursement of Expenses&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">59</FONT></TD></TR></TABLE>

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    <TD STYLE="text-transform: uppercase; width: 95%; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Article&nbsp;7
AMENDMENT AND TERMINATION </B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 5%; font-size: 10pt">60</TD></TR>
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<TD STYLE="width: 4%"></TD><TD STYLE="width: 6%"><FONT STYLE="font-size: 10pt">7.1</FONT></TD><TD STYLE="width: 85%"><FONT STYLE="font-size: 10pt">Amendment&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 10pt">60</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">7.2</FONT></TD><TD><FONT STYLE="font-size: 10pt">Termination&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">60</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-size: 10pt">7.3</FONT></TD><TD><FONT STYLE="font-size: 10pt">Effect of Termination&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">62</FONT></TD></TR></TABLE>

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    <TD STYLE="text-transform: uppercase; width: 95%; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Article&nbsp;8
GENERAL </B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 5%; font-size: 10pt">62</TD></TR>
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<TD STYLE="width: 4%"></TD><TD STYLE="width: 6%"><FONT STYLE="font-size: 10pt">8.1</FONT></TD><TD STYLE="width: 85%"><FONT STYLE="font-size: 10pt">Notices&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 10pt">62</FONT></TD></TR>
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<TD></TD><TD><FONT STYLE="font-size: 10pt">8.2</FONT></TD><TD><FONT STYLE="font-size: 10pt">Remedies&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">63</FONT></TD></TR>
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<TD></TD><TD><FONT STYLE="font-size: 10pt">8.3</FONT></TD><TD><FONT STYLE="font-size: 10pt">Expenses&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">64</FONT></TD></TR>
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<TD></TD><TD><FONT STYLE="font-size: 10pt">8.4</FONT></TD><TD><FONT STYLE="font-size: 10pt">Time of the Essence&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">64</FONT></TD></TR>
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<TD></TD><TD><FONT STYLE="font-size: 10pt">8.5</FONT></TD><TD><FONT STYLE="font-size: 10pt">Entire Agreement&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">64</FONT></TD></TR>
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<TD></TD><TD><FONT STYLE="font-size: 10pt">8.6</FONT></TD><TD><FONT STYLE="font-size: 10pt">Further Assurances&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">64</FONT></TD></TR>
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<TD></TD><TD><FONT STYLE="font-size: 10pt">8.7</FONT></TD><TD><FONT STYLE="font-size: 10pt">Governing Law&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">64</FONT></TD></TR>
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<TD></TD><TD><FONT STYLE="font-size: 10pt">8.8</FONT></TD><TD><FONT STYLE="font-size: 10pt">Execution in Counterparts&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">64</FONT></TD></TR>
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<TD></TD><TD><FONT STYLE="font-size: 10pt">8.9</FONT></TD><TD><FONT STYLE="font-size: 10pt">Waiver&#9;</FONT></TD>
                                                                                                    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">65</FONT></TD></TR>
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<TD></TD><TD><FONT STYLE="font-size: 10pt">8.10</FONT></TD><TD><FONT STYLE="font-size: 10pt">No Personal Liability&#9;</FONT></TD>
                                                                                                     <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">65</FONT></TD></TR>
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<TD></TD><TD><FONT STYLE="font-size: 10pt">8.11</FONT></TD><TD><FONT STYLE="font-size: 10pt">Enurement and Assignment&#9;</FONT></TD>
                                                                                                     <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">65</FONT></TD></TR></TABLE>

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    <TD STYLE="width: 50%; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>SCHEDULE A PLAN OF ARRANGEMENT</B></FONT></TD>
    <TD STYLE="text-align: right; width: 50%; font-size: 10pt"><B>A-1</B></TD></TR>
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    <TD STYLE="width: 50%; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>SCHEDULE B FORM OF ARRANGEMENT RESOLUTION</B></FONT></TD>
    <TD STYLE="text-align: right; width: 50%; font-size: 10pt"><B>B-1</B></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 90%; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>SCHEDULE C REPRESENTATIONS AND WARRANTIES OF THE COMPANY</B></FONT></TD>
    <TD STYLE="text-align: right; width: 10%; font-size: 10pt"><B>C-1</B></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 90%; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>SCHEDULE D REPRESENTATIONS AND WARRANTIES OF TRIPLE FLAG</B></FONT></TD>
    <TD STYLE="text-align: right; width: 10%; font-size: 10pt"><B>D-1</B></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 90%; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>SCHEDULE E AMENDMENT TO TRIPLE FLAG INVESTOR RIGHTS AGREEMENT</B></FONT></TD>
    <TD STYLE="text-align: right; width: 10%; font-size: 10pt"><B>E-1</B></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>ARRANGEMENT
AGREEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>THIS ARRANGEMENT AGREEMENT</B>
(this &ldquo;<B>Agreement</B>&rdquo;) made as of the 9<SUP>th</SUP> day of November, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>BETWEEN:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Triple Flag Precious Metals Corp., a corporation incorporated
under the laws of Canada (hereinafter referred to as &ldquo;<B>Triple Flag</B>&rdquo;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">- and -</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Maverix Metals Inc., a corporation incorporated under the laws
of Canada (hereinafter referred to as the &ldquo;<B>Company</B>&rdquo; and together with Triple Flag, the &ldquo;<B>Parties</B>&rdquo;
and each, a &ldquo;<B>Party</B>&rdquo;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>WITNESSES THAT:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>WHEREAS</B> Triple Flag and
the Company wish to enter into this Agreement to implement the acquisition by Triple Flag, directly or indirectly, of all the issued and
outstanding Company Common Shares;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>AND WHEREAS</B> the Company
Board has unanimously determined, after consultation with its legal and financial advisors and receipt and review of a unanimous recommendation
from the Company Special Committee, that the Arrangement is fair to the Company Shareholders and is in the best interests of the Company,
and the Company Board has resolved to recommend approval of the Arrangement Resolution to the Company Shareholders, all on the terms and
subject to the conditions contained herein;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>AND WHEREAS</B> the Company
Principal Shareholders and the Triple Flag Principal Shareholders have concurrently with the execution and delivery of this Agreement
entered into the Company Voting Support Agreements and the Triple Flag Support Agreements, respectively;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>AND WHEREAS </B>the Parties
intend that the issuance of 3(a)(10)&nbsp;Securities will be exempt from the registration requirements of (i)&nbsp;the 1933 Act pursuant
to Section&nbsp;3(a)(10)&nbsp;thereof and (ii)&nbsp;applicable U.S. state securities laws;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>NOW THEREFORE</B> in consideration
of the mutual covenants and agreements herein contained and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged by each of the Parties, the Parties hereby covenant and agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&nbsp;1<BR>
DEFINITIONS,&nbsp;INTERPRETATION AND SCHEDULES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>1.1</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Definitions</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">In this Agreement (including
the recitals hereto), unless the context otherwise requires, the following words and terms shall have the meanings ascribed to them below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>1933 Act</B>&rdquo; means
the United States <I>Securities Act of 1933</I>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>1934 Act</B>&rdquo; means
the United States <I>Securities Exchange Act of 1934</I>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>1940 Act</B>&rdquo; means
the United States <I>Investment Company Act of 1940</I>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>3(a)(10)&nbsp;Securities</B>&rdquo;
means one or more of, or all of, as applicable, the Triple Flag Common Shares and the Replacement Options;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>affiliate</B>&rdquo; has the
meaning ascribed thereto in National Instrument 45-106 &ndash; <I>Prospectus Exemptions</I>, unless stated otherwise;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Agreement</B>&rdquo; means
this arrangement agreement, together with the schedules attached hereto, as amended, amended and restated or supplemented from time to
time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Anti-Corruption Laws</B>&rdquo;
shall have the meaning ascribed thereto in Section&nbsp;(44) of Schedule&nbsp;C;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>ARC</B>&rdquo; means an advance
ruling certificate issued by the Commissioner under Section&nbsp;102(1)&nbsp;of the Competition Act in respect of the transactions contemplated
by this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Arrangement</B>&rdquo; means
an arrangement pursuant to section&nbsp;192 of the CBCA on the terms and conditions set forth in the Plan of Arrangement, subject to any
amendment or supplement thereto made in accordance therewith, herewith or made at the direction of the Court either in the Interim Order
or the Final Order with the consent of Triple Flag and the Company, each acting reasonably;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Arrangement Resolution</B>&rdquo;
means the special resolution of the Company Shareholders approving the Plan of Arrangement substantially in the form attached as Schedule&nbsp;B;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Articles of Arrangement</B>&rdquo;
means the articles of arrangement of the Company in respect of the Arrangement, to be sent to the Director pursuant to the CBCA after
the Final Order is made, which shall be in form and substance satisfactory to Triple Flag and the Company, each acting reasonably;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Authorization</B>&rdquo; means
any authorization, order, permit, approval, grant, licence, registration, consent, right, notification, condition, franchise, privilege,
certificate, judgment, writ, injunction, award, determination, direction, decision, decree, by-law, rule&nbsp;or regulation, whether or
not having the force of Laws, and includes any Environmental Approval;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Business Day</B>&rdquo; means
any day, other than a Saturday, a Sunday or a statutory holiday in Toronto, Ontario, and Vancouver, British Columbia;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>CBCA</B>&rdquo; means the
Canada Business Corporations Act;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Certificate of Arrangement</B>&rdquo;
means the certificate or other confirmation of filing giving effect to the Arrangement to be issued by the Director pursuant to section&nbsp;192(7)&nbsp;of
the CBCA after the Articles of Arrangement have been filed;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Claims</B>&rdquo; means any
and all debts, costs, expenses, liabilities, obligations, losses and damages, penalties, proceedings, litigations, actions, suits, assessments,
reassessments, investigations, inquiries, audits, or claims of whatsoever nature or kind including regulatory or administrative (whether
or not under common law, on the basis of contract, negligence, strict or absolute liability or liability in tort, or arising out of requirements
of applicable Laws), imposed on, incurred by, suffered by, or asserted against any Person or any property, absolute or contingent, and,
except as otherwise expressly provided herein, includes all reasonable out-of-pocket costs, disbursements and expenses paid or incurred
by such Person in defending any action;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Code</B>&rdquo; means the
United States <I>Internal Revenue Code of 1986, </I>as amended;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Code of Ethics</B>&rdquo;
means the Global Code of Ethical Conduct of the Company adopted by the Company Board on June&nbsp;17, 2016, as amended;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Commissioner</B>&rdquo; means
the Commissioner of Competition under the Competition Act or any person duly authorized to exercise the powers of the Commissioner of
Competition;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company</B>&rdquo; shall have
the meaning ascribed thereto on the first page&nbsp;of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Acquisition Proposal</B>&rdquo;
means, other than the transactions contemplated by this Agreement and other than any transaction involving only the Company and/or one
or more of its wholly-owned Subsidiaries, any proposal, offer, inquiry or expression of interest, whether or not in writing, from any
Person or group of Persons acting &ldquo;jointly or in concert&rdquo;, other than Triple Flag or its Subsidiaries (or an affiliate of
Triple Flag acting jointly or in concert with Triple Flag) after the date of this Agreement to directly or indirectly, acquire, sell,
or dispose in any manner assets representing 20% or more of the book value of the consolidated assets or contributing 20% or more of the
consolidated revenue of the Company and its Subsidiaries (on a consolidated basis) or 20% or more of any class of voting or equity securities
or any securities exchangeable for or convertible into voting or equity securities of the Company or any one or more of its Subsidiaries,
in each case, whether by way of merger, amalgamation, statutory arrangement, recapitalization, reorganization, consolidation, take-over
bid, issuer bid, exchange offer, treasury issuance, sale of assets (or any lease, long term supply agreement or other arrangement having
the same economic effect as a sale of assets), joint venture, earn-in right, liquidation, winding-up, sale or redemption of a material
number of shares or rights or interests therein or thereto or similar transactions involving the Company and/or any of its Subsidiaries
or any of their respective securityholders or any other Person, pursuant to which any Person would own directly or indirectly, 20% or
more of the voting or equity securities of the Company or of the surviving entity or the resulting direct or indirect parent of the Company
or the surviving entity, or whether by way of a single or multistep transaction or series of related transactions, or any other transaction,
the consummation of which could reasonably be expected to impede, interfere with, prevent or delay the transactions or reduce the benefits
to Triple Flag contemplated by this Agreement or the Arrangement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Benefit Plan</B>&rdquo;
means all plans, arrangements, programs, policies and agreements with respect to the Company or any Company Subsidiary employees or service
providers or former employees or former service providers which the Company or any the Company Subsidiary is a party to or bound by or
to which the Company or any Company Subsidiary has an obligation to contribute or with respect to which the Company or any Company Subsidiary
may have any direct or indirect liability relating to retirement savings, pensions, bonuses, equity awards, profit sharing, deferred compensation,
incentive compensation, life or accident insurance, hospitalization, health, medical and/or dental treatment or expenses, disability,
unemployment insurance benefits, employee loans, vacation pay, severance and/or termination pay or any other benefits, other than those
benefits provided solely under a Statutory Plan;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Board</B>&rdquo; means
the board of directors of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Board Approval</B>&rdquo;
shall have the meaning ascribed thereto in Section&nbsp;(7)&nbsp;of Schedule&nbsp;C;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Change in Recommendation</B>&rdquo;
shall have the meaning ascribed thereto in Section&nbsp;2.5(a)(vii);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Circular</B>&rdquo;
means the notice of the Company Meeting to be sent to the Company Shareholders and the management information circular to be prepared
in connection with the Company Meeting, together with any amendments or supplements thereto, and any other registration statement, information
circular or proxy statement which may be prepared in connection with the Company Meeting;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Common Shares</B>&rdquo;
means the common shares in the capital of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Diligence Information</B>&rdquo;
means the documents provided or made available to Triple Flag by the Company prior to the execution of this Agreement for the purposes
of its due diligence in connection with the Arrangement, including (i)&nbsp;all Company Public Disclosure Documents and (ii)&nbsp;all
information, books, maps, records, reports, files, data, models, papers or other records or documents relating to the Company and its
Subsidiaries or their respective businesses, contained in the virtual data room made available to Triple Flag as in effect at 11:59 p.m.&nbsp;(Eastern
time) on November&nbsp;8, 2022 hosted at the weblink: https://blakes.firmex.com;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Disclosure Letter</B>&rdquo;
means the letter dated as of the date of the Agreement, delivered by the Company to Triple Flag pursuant to Section&nbsp;3.3 with respect
to certain matters in this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Financial Statements</B>&rdquo;
shall have the meaning ascribed thereto in Section&nbsp;(16)(a)&nbsp;of Schedule&nbsp;C;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Key Royalty and Stream
Agreements</B>&rdquo; means the definitive agreements pursuant to which the Company holds or proposes to hold the royalty, streaming,
net profit, production payment or other interests of the Company in the El Mochito, La Colarada, Moss, Auramet, Beta Hunt, Converse, Camino
Rojo, and Kone projects, and any ancillary documentation relating to such interests or agreements relating to any security interests granted
thereunder;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Material Contract</B>&rdquo;
means: (i)&nbsp;each of the Company Key Royalty and Stream Agreements; (ii)&nbsp;any Contract under which the Company or any Company Subsidiary
is obliged to make payments, or is entitled to receive payments in excess of $3,000,000 per annum; (iii)&nbsp;any partnership, limited
liability company agreement, joint venture, alliance agreement or other similar agreement or arrangement relating to the formation, creation,
operation, management, business or control of any partnership or joint venture; (iv)&nbsp;any shareholders or stockholders agreements,
investor rights or registration rights agreements, voting trusts, proxies or similar agreements, arrangements or commitments with respect
to any shares or other equity interests of the Company or any Company Subsidiary or any other Contract relating to disposition, voting
or dividends with respect to any shares or other equity securities of the Company or any Company Subsidiary; (v)&nbsp;any Contract under
which Financial Indebtedness of the Company or any Company Subsidiary for borrowed money is outstanding or may be incurred or pursuant
to which any property or asset of the Company or any of its Subsidiaries is mortgaged, pledged or otherwise subject to an Encumbrance
securing indebtedness in excess of $5,000,000; (vi)&nbsp;any Contract under which the Company or any Company Subsidiary has directly or
indirectly guaranteed any liabilities or obligations of any person; (vii)&nbsp;any Contract restricting the incurrence of Financial Indebtedness
by the Company or any Company Subsidiary or the incurrence of Encumbrances on any properties or securities of the Company or the Company
Subsidiaries or restricting the payment of dividends or other distributions; (viii)&nbsp;any Contract that purports to limit in any material
respect the right of the Company or any Company Subsidiary to (A)&nbsp;engage in any line of business or (B)&nbsp;compete with any person
or operate or acquire assets in any location; (ix)&nbsp;any Contract providing for the purchase, sale or exchange of, or option to purchase,
sell or exchange, the Company Royalty and Stream Interests or any other property or asset with a fair market value in excess of $5,000,000,
in each case entered into in the past 12 months or in respect of which the applicable transaction has not been consummated; (x)&nbsp;any
Contract entered into in the last 12 months or in respect of which the applicable transaction has not yet been consummated for the acquisition
or disposition, directly or indirectly (by merger or otherwise), of material assets or shares (or other equity interests) of another person
for aggregate consideration in excess of $5,000,000, in each case other than in the ordinary course of business; (xi)&nbsp;any Contract
providing for indemnification by the Company or any Company Subsidiary, other than Contracts which provide for indemnification obligations
of less than $5,000,000; (xii)&nbsp;any standstill or similar Contract to which the Company or any Company Subsidiary is a party currently
restricting the ability of the Company to offer to purchase or purchase the assets or equity securities of another person; (xiii)&nbsp;that
is a material agreement with a Governmental Entity; or (xiv)&nbsp;any other Contract to which the Company or any Company Subsidiary is
party or by which it or any of its assets, rights or properties are bound, that, if terminated or modified, would have a Material Adverse
Effect;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Meeting</B>&rdquo;
means the special meeting, including any adjournments or postponements thereof, of the Company Shareholders to be held to consider and,
if deemed advisable, to approve, the Arrangement Resolution;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Option Plan</B>&rdquo;
means the Maverix Metals Inc. Stock Option and Compensation Share Plan, amended and approved May&nbsp;13, 2021, providing for the granting
of the Company Options;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Options</B>&rdquo;
means stock options granted under, or governed by, the Company Option Plan;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Permitted Dividends</B>&rdquo;
means, in respect of the Company Common Shares, regular quarterly dividends declared from time to time by the Company Board in the ordinary
course of business, not exceeding US$0.0125 per Company Common Share per quarter, with a record date occurring on or after the date of
this Agreement and prior to the Effective Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Permitted Encumbrances</B>&rdquo;
means (i)&nbsp;minor title defects or irregularities or servitudes, easements, restrictions, encroachments, covenants, rights of way and
other similar rights or restrictions in real property, or any interest therein, whether registered or unregistered, provided the same
are not of such nature as to materially impair the operation or business of the Company; (ii)&nbsp;undetermined or inchoate liens, charges
and privileges (including mechanics&rsquo;, construction, carriers&rsquo;, workers&rsquo;, repairers&rsquo;, storers&rsquo; or similar
liens) which individually or in the aggregate are not material, arising or incurred in the ordinary course of business of the Company;
(iii)&nbsp;statutory liens, adverse Claims or Encumbrances of any nature whatsoever claimed or held by any Governmental Entity that have
not at the time been filed or registered against the title to any Company property or served upon the Company pursuant to Law or that
relate to obligations not due (save and except for statutory liens, adverse Claims or Encumbrances related to Taxes which are due and
payable in the ordinary course) or delinquent and (iv)&nbsp;security over deposits, guaranteed investment certificates or similar cash
equivalents securing Financial Indebtedness in respect of the Company&rsquo;s corporate credit cards (&ldquo;<B>Credit Card Indebtedness</B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Preference Shares</B>&rdquo;
means the preference shares in the capital of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Principal Shareholders</B>&rdquo;
means each of Newmont Corporation and Pan American Silver Corp. and each officer and director of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Public Disclosure
Documents</B>&rdquo; means all documents filed by the Company on SEDAR or EDGAR on or after January&nbsp;1, 2020 and before the date hereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Royalty and Stream
Agreements</B>&rdquo; means the definitive agreements pursuant to which the Company holds or proposes to hold the Company Royalty and
Stream Interests, and any ancillary documentation relating to the Company Royalty and Stream Interests or agreements relating to any security
interests granted thereunder;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Royalty and Stream
Interests</B>&rdquo; means the royalty, streaming, net profit, production payment or other interests of the Company in any mining or exploration
or development projects, as listed in the Company Disclosure Letter;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company RSU Plan</B>&rdquo;
means the Maverix Metals Inc. Amended and Restated Restricted Share Unit Plan, effective May&nbsp;14, 2019 and amended and restated on
June&nbsp;30, 2020, providing for the granting of the Company RSUs;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company RSUs</B>&rdquo; means
restricted share units granted under, or governed by, the Company RSU Plan;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Shareholders</B>&rdquo;
means, at any time, the holders of the Company Common Shares or Company Preference Shares;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Special Committee</B>&rdquo;
means the special committee established by the Company Board in connection with the transactions contemplated by this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Subsidiaries</B>&rdquo;
means, collectively, the Subsidiaries of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Superior Proposal</B>&rdquo;
means any <I>bona fide </I>unsolicited written Company Acquisition Proposal made by an arm&rsquo;s length third party after the execution
of this Agreement to acquire all or substantially all of the assets of the Company (on a consolidated basis) or 100% of the Company Common
Shares and Company Preference Shares not beneficially owned by the party making such Company Acquisition Proposal and any joint actor
or any of their respective affiliates, whether by way of a single or multistep transaction or a series of related transactions, and that
the Company Board determines in its good faith (based upon the advice from its financial advisors and outside legal counsel) as reflected
in the minutes of the meeting of the Company Board (a copy of which minutes shall be provided to Triple Flag promptly after such determination
by the Company Board), (i)&nbsp;complies with securities Laws and did not result from a breach of Article&nbsp;6 of this Agreement or
any agreement between the Person making such Company Acquisition Proposal and the Company; (ii)&nbsp;is reasonably capable of being completed
without undue delay, taking into account all legal, financial, regulatory and other aspects of such proposal and the party making such
proposal; (iii)&nbsp;is not subject to any financing condition; (iv)&nbsp;is not subject to a due diligence or access to information condition;
(v)&nbsp;in the case of an offer to acquire all of the issued and outstanding Company Common Shares, is made available to all the Company
Shareholders (other than the party making such proposal) on the same terms and conditions (including as to the form and amount of consideration);
(vi)&nbsp;would, if consummated in accordance with its terms, but not assuming away any risk of non-completion, result in a transaction
more favourable to the Company Shareholders from a financial point of view than the terms of the Arrangement (including any adjustment
to such terms proposed by Triple Flag as contemplated by Section&nbsp;6.2(b)); and (vii)&nbsp;is such that failure to recommend such Company
Acquisition Proposal to the Company Shareholders would be inconsistent with the Company Board&rsquo;s fiduciary duties under applicable
Law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Termination Payment</B>&rdquo;
shall have the meaning ascribed thereto in Section&nbsp;6.3;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Underlying Mineral
Properties</B>&rdquo; means the mineral properties or assets underlying the Company Royalty and Stream Interests;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Voting Support Agreements</B>&rdquo;
means the voting and support agreements dated the date hereof executed by Triple Flag and each of the Company Principal Shareholders (including
all amendments thereto) setting forth the terms and conditions upon which they have agreed, among other things, to vote their Company
Common Shares in favour of the Arrangement Resolution;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Company Warrants</B>&rdquo;
means the 5,000,000 issued and outstanding common share purchase warrants issued by the Company to Newmont Canada Corporation;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Competition Act</B>&rdquo;
means the <I>Competition Act </I>(Canada);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Competition Act Approval</B>&rdquo;
means that the Commissioner: (a)&nbsp;shall have issued an ARC, or (b)&nbsp;both of (i)&nbsp;the applicable waiting period under Section&nbsp;123
of the Competition Act shall have expired or been terminated by the Commissioner, or the obligation to submit a notification shall have
been waived under paragraph 113(c)&nbsp;of the Competition Act, and (ii)&nbsp;the Commissioner shall have issued a No-Action Letter;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Confidentiality Agreement</B>&rdquo;
means the confidentiality agreement dated March&nbsp;9, 2022 between the Company and Triple Flag;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Contract</B>&rdquo; means
any contract, agreement, license, franchise, lease, arrangement, commitment, understanding, partnership, note, instrument, or other right
or obligation (whether written or oral) to which a Party, or any of its Subsidiaries, is a party or by which a Party, or any of its Subsidiaries,
is bound or affected or to which any of their respective properties or assets is subject;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Court</B>&rdquo; means the
Ontario Superior Court of Justice (Commercial List);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Depositary</B>&rdquo; means
such Person as the Company may appoint to act as depositary in relation to the Arrangement, with the approval of Triple Flag, acting reasonably;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Director</B>&rdquo; means
the Director appointed pursuant to section&nbsp;260 of the CBCA;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Disclosing Party</B>&rdquo;
shall have the meaning ascribed thereto in Section&nbsp;4.5(g);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Dissent Rights</B>&rdquo;
means the rights of dissent exercisable by registered Company Shareholders in respect of the Arrangement described in Article&nbsp;5 of
the Plan of Arrangement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>EDGAR</B>&rdquo; means the
Electronic Data Gathering, Analysis and Retrieval system maintained by the SEC;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Effective Date</B>&rdquo;
means the date upon which the Arrangement becomes effective as established by the date shown on the Certificate of Arrangement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Effective Time</B>&rdquo;
means 12:01 a.m.&nbsp;(Toronto time) on the Effective Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Encumbrance</B>&rdquo; means
any mortgage, pledge, assignment, charge, lien, claim, hypothec, security interest, adverse interest, other third Person interest or encumbrance
of any kind, whether contingent or absolute, and any agreement, option, right or privilege (whether by law, contract or otherwise) capable
of becoming any of the foregoing, but does not include, when such term is used in reference to the Company or any Company Subsidiary,
any Company Permitted Encumbrance;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Environmental Approvals</B>&rdquo;
means all permits, certificates, licences, authorizations, consents, instructions, registrations, directions, approvals, decisions, decrees,
conditions, notifications, orders, demands or Claims, whether or not having the force of law, issued or required by any Governmental Entity
pursuant to any Environmental Laws;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Environmental Laws</B>&rdquo;
means all applicable Laws, whether foreign or domestic, including applicable common law and civil law, relating to pollution or the protection
of the natural environment and human health and safety and for the regulation of Hazardous Substances, and includes Environmental Approvals;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Exchange Ratio</B>&rdquo;
means 0.360, subject to adjustment in accordance with the terms hereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Fairness Opinions</B>&rdquo;
means the oral and subsequent written opinions of Raymond James Ltd. and CIBC World Markets Inc., that, as of the date of each such opinion,
the consideration to be received by the Company Shareholders pursuant to the Arrangement is fair, from a financial point of view, to the
Company Shareholders;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Final Order</B>&rdquo; means
the order made after application to the Court approving the Arrangement, in form and substance satisfactory to both the Company and Triple
Flag, each acting reasonably, as such order may be amended by the Court at any time prior to the Effective Date (with the consent of both
the Company and Triple Flag, each acting reasonably) or, if appealed, then unless such appeal is withdrawn or denied, as affirmed or as
amended on appeal (subject to any such amendment being satisfactory to both the Company and Triple Flag, each acting reasonably);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Financial Indebtedness</B>&rdquo;
means in relation to a person (the &ldquo;<B>debtor</B>&rdquo;), an obligation or liability (contingent or otherwise) of the debtor (i)&nbsp;for
borrowed money (including overdrafts and including amounts in respect of principal, premium, interest or any other sum payable in respect
of borrowed money) or for the deferred purchase price of property or services, (ii)&nbsp;under any loan, stock, bond, note, debenture
or other similar instrument or debt security, (iii)&nbsp;under any acceptance credit, bankers&rsquo; acceptance, guarantee, letter of
credit or other similar facilities, (iv)&nbsp;under any conditional sale, hire purchase or title retention agreement with respect to property,
under any capitalized lease arrangement, under any sale and leaseback arrangement or under any lease or any other agreement having the
commercial effect of a borrowing of money or treated as a finance lease or capital lease in accordance with applicable accounting principles,
(v)&nbsp;under any foreign exchange transaction, any interest or currency swap transaction, any fuel or commodity hedging transaction
or any other kind of derivative transaction, (vi)&nbsp;in respect of any counter-indemnity obligation in respect of a guarantee, indemnity,
bond, standby or documentary letter of credit or any other instrument issued by a bank or financial institution, (vii)&nbsp;in respect
of preferred stock (namely capital stock of any class that is preferred as to the payment of dividends or distributions, or as to the
distribution of assets upon any voluntary or involuntary liquidation or dissolution, over the capital stock of any other class) or redeemable
capital stock (namely any class or series of capital stock that, either by its terms, by the terms of any security into which it is convertible
or exchangeable or by contract or otherwise, is, or upon the happening of an event or passage of time would be, required to be redeemed
on a specified date or is redeemable at the option of the holder thereof at any time, or is convertible into or exchangeable for debt
securities at any time), (viii)&nbsp;for any amount raised under any transaction similar in nature to those described in paragraphs&nbsp;(i)&nbsp;to
(vii)&nbsp;of this definition, or otherwise having the commercial effect of borrowing money, or (viii)&nbsp;under a guarantee, indemnity
or similar obligation entered into by the debtor in respect of an obligation or liability of another Person which would fall within paragraphs
(i)&nbsp;to (viii)&nbsp;of this definition if the references to the debtor referred to the other Person;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Governmental Entity</B>&rdquo;
means: (i)&nbsp;any supranational, international, multinational, national, federal, provincial, territorial, state, regional, municipal,
local or other government, governmental or public department, ministry, minister, government in council, central bank, court, tribunal,
arbitral body, office, Crown corporation, commission, commissioner, board, bureau, stock exchange, agency or self-regulatory organization,
whether domestic or foreign; (ii)&nbsp;any subdivision, agency, commission, board or authority of any of the foregoing; or (iii)&nbsp;any
quasi-governmental or private body exercising any regulatory, expropriation, land use or occupation, or taxing authority under or for
the account of any of the foregoing;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Hazardous Substances</B>&rdquo;
means any contaminant, pollutant, dangerous substance, liquid waste, industrial waste, hauled liquid waste, toxic substance, special waste,
hazardous waste, hazardous material or hazardous substance as defined in, regulated by or pursuant to any Environmental Laws;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>HSR Act</B>&rdquo; means the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the regulations promulgated thereunder;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>HSR Act Approval</B>&rdquo;
means all applicable waiting periods, any extensions thereof, and any commitments by the parties not to close before a certain date under
a timing agreement shall have expired or otherwise been terminated;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>IFRS</B>&rdquo; means generally
accepted accounting principles in Canada from time to time including, for the avoidance of doubt, the standards prescribed in Part&nbsp;I
of the CPA Canada Handbook &ndash; Accounting (International Financial Reporting Standards) as the same may be amended, supplemented or
replaced from time to time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>including</B>&rdquo; means
including, without limitation, and &ldquo;include&rdquo; and &ldquo;includes&rdquo; have a corresponding meaning;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Indigenous Group</B>&rdquo;
includes any Indian band, First Nation person or people, M&eacute;tis person or people,&nbsp;Indigenous person or people, native person
or people, tribal or band council or other Indigenous organization, or any person or group asserting or otherwise claiming an Indigenous
right (including title) or any other Indigenous or M&eacute;tis interest, and any Person or group representing, or purporting to represent,
any of the foregoing;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Intellectual Property</B>&rdquo;
means, with respect to a Person, all registered patents, copyrights, trade-marks, trade-names, service marks, logos, commercial symbols
and industrial designs, (including applications for all of the foregoing, and renewals, divisions, extensions and reissues, where applicable,
relating thereto) owned by or licensed to the Person or its Subsidiaries;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Interim Order</B>&rdquo; means
the interim order of the Court pursuant to section&nbsp;192 of the CBCA in a form acceptable to both the Company and Triple Flag, each
acting reasonably, providing for, among other things, the calling and holding of the Company Meeting, as such order may be amended, modified,
supplemented or varied by the Court (provided that any such amendment, modification, supplement or variation is acceptable to both the
Company and Triple Flag, each acting reasonably);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Laws</B>&rdquo; means, with
respect to any Person, any and all laws (including statutory, common, civil or otherwise), constitution, treaty, by-laws, statutes, rules,
regulations, principles of law, orders, injunctions, ordinances, awards, decrees, rulings, protocols, codes, guidelines, instruments,
policies, notices, directions and judgments or other requirements, whether domestic or foreign, enacted, adopted, promulgated or applied
by a Governmental Entity that are binding upon or applicable to such Person or its business, undertaking, property or securities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Lease</B>&rdquo; shall have
the meaning ascribed thereto in Section&nbsp;(20)(b)&nbsp;of Schedule&nbsp;C;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Leased Real Property</B>&rdquo;
shall have the meaning ascribed thereto in Section&nbsp;(20)(b)&nbsp;of Schedule&nbsp;C;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Liability</B>&rdquo; means,
in respect of any Person: (i)&nbsp;any right against such Person to payment, whether or not such right is reduced to judgment, liquidated,
unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured; (ii)&nbsp;any right
against such Person to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such
right to any equitable remedy is reduced to judgment, fixed, contingent, matured, unmatured, disputed, undisputed, secured or unsecured;
and (iii)&nbsp;any obligation of such Person for the performance of any covenant or agreement (whether for the payment of money or otherwise),
in each case, whether accrued, absolute, contingent or otherwise;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Material Adverse Effect</B>&rdquo;
means, in respect of the Company or Triple Flag, any one or more changes, effects, events, developments, occurrences, states of facts
or circumstances, which, either individually or in the aggregate, are, or would reasonably be expected to be, material and adverse to
(a)&nbsp;the business, affairs, operations, results of operations, assets (tangible or intangible), properties, capitalization, condition
(financial or otherwise) or Liabilities of a Party and its Subsidiaries, on a consolidated basis, or (b)&nbsp;the ability of a Party to
perform its obligations hereunder and consummate the transactions contemplated hereby, except, in the case of (a), in respect of such
changes, effects, events, developments, occurrences, states of facts or circumstances resulting from or arising in connection with or
related to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD>the global economy or securities, banking, currency or, financial markets;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD>conditions or effects that generally affect the industries in which a Party operates;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD>customary seasonal fluctuations of the businesses of a Party;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD>any regional, national or international economic, financial, social or political conditions (including changes therein);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify">the actual or potential existence, occurrence or continuation of any force majeure events, including any
earthquakes, floods, hurricanes, disasters, an outbreak or escalation of hostilities, disease, war, acts of terrorism, political instability
or any other national, international or regional calamity, crisis, emergency, epidemic, pandemic (including the COVID-19 pandemic), or
natural disaster, act of God or any governmental or other response to any of the foregoing, in each case whether or not involving Canada,
the United States of America or any other region where the Parties or any Subsidiary conducts business or has operations;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(vi)</TD><TD STYLE="text-align: justify">any hostilities or acts of war in the Ukraine or a worsening or escalation thereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(vii)</TD><TD STYLE="text-align: justify">changes in interest, currency or exchange rates or the price of any commodity, security or market index;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(viii)</TD><TD STYLE="text-align: justify">changes in legal or regulatory conditions, including changes or proposed changes in Laws or accounting
principles or requirements, or standards, interpretations or enforcement thereof, in each case after the date hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ix)</TD><TD STYLE="text-align: justify">the execution, announcement, performance or existence of this Agreement or the transactions contemplated
hereby or the identity of the Parties or any of their respective affiliates or financing sources;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(x)</TD><TD STYLE="text-align: justify">compliance with the terms and conditions of this Agreement by the Parties or actions or omissions consented
to in writing by the Parties;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xi)</TD><TD STYLE="text-align: justify">in the case of the Company, any breach of this Agreement by Triple Flag, or in the case of Triple Flag,
any breach of this Agreement by the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xii)</TD><TD STYLE="text-align: justify">any change in the market price or trading volume of any securities of a Party (it being understood that
the causes underlying such change in market price or trading volume may be taken into account in determining whether a Material Adverse
Effect has occurred); or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xiii)</TD><TD STYLE="text-align: justify">the failure of a Party to meet any internal, published or public projections, forecasts, guidance or estimates,
including without limitation of production, revenues, earnings or cash flows (it being understood that the causes underlying such failure
may be taken into account in determining whether a Material Adverse Effect has occurred),</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">except, in the case of each of clauses
(i), (ii), (iii), (iv), (v), (vi), (vii)&nbsp;and (viii), to the extent such change, event, occurrence, circumstance or development has
a disproportionate effect on the Party, taken as a whole, compared to other participants in the industries in which the Party conducts
business and then only to the extent of such disproportionate effect. For the avoidance of doubt, a Material Adverse Effect shall be measured
only against past performance of a Party, taken as a whole, and not against any forward-looking statements, financial projections or forecasts
of a Party;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>MI 61-101</B>&rdquo; means
Multilateral Instrument 61-101 &ndash; <I>Protection of Minority Security Holders in Special Transactions</I> of the Canadian Securities
Administrators;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>NI 43-101</B>&rdquo; means
National Instrument 43-101 &ndash; <I>Standards of Disclosure for Mineral Projects </I>of the Canadian Securities Administrators;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>NI 51-102</B>&rdquo; means
National Instrument 51-102 &ndash; <I>Continuous Disclosure Obligations </I>of the Canadian Securities Administrators;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>NI 52-109</B>&rdquo; means
National Instrument 52-109 &ndash; <I>Certification of Disclosure in Issuers&rsquo; Annual and Interim Filings </I>of the Canadian Securities
Administrators;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>No-Action Letter</B>&rdquo;
means a letter from the Commissioner advising the Parties (directly or through counsel) in writing that the Commissioner at that time
does not intend to make an application under Section&nbsp;92 of the Competition Act in respect of the transactions contemplated by this
Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>NYSE</B>&rdquo; means the
New York Stock Exchange;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>NYSE American</B>&rdquo; means
the NYSE American Stock Exchange;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Omolon Interests</B>&rdquo;
means, collectively, the interests of the Company and the Company Subsidiaries in (i)&nbsp;the Share Purchase Agreement between Kinam
Magadan Gold Corporation and OAO &ldquo;Polymetal&rdquo; dated December&nbsp;7, 2007, as assigned to Maverix Metals (Nevada) Inc. pursuant
to the Agreement to Assign Restricted Royalty Assets &ndash; Omolon among Kinam Magadan Gold Corporation, Kinross Gold Corporation and
Maverix Metals (Nevada) Inc. dated December&nbsp;19, 2019, (ii)&nbsp;the Debenture dated October&nbsp;1, 2021 between the Company and
Omolon Gold Mining Company LLC, and (iii)&nbsp;the Agreement dated October&nbsp;1, 2021 between the Company and PMTL Holdings Limited;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Operator</B>&rdquo; shall
have the meaning ascribed thereto in Section&nbsp;(13)(j)(i)&nbsp;of Schedule&nbsp;C;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Outside Date</B>&rdquo; means
March&nbsp;9, 2023; notwithstanding the foregoing, (i)&nbsp;if the Effective Date has not occurred on or prior to March&nbsp;9, 2023 as
a result of the failure to satisfy the condition set forth in Section&nbsp;5.3(f), the Outside Date shall be automatically extended by
20 Business Days from March&nbsp;9, 2023 without any further action by the Parties, and (ii)&nbsp;if the HSR Act Approval and the Competition
Act Approval have not been obtained by March&nbsp;9, 2023, either Party may provide written notice to the other requesting a reasonable
extension to the Outside Date in order to permit the receipt of the HSR Act Approval and the Competition Act Approval, provided that such
Party has been working diligently to obtain such approval and the other Party shall in good faith consider and not unreasonably refuse
such request;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Parties</B>&rdquo; and &ldquo;<B>Party</B>&rdquo;
shall have the meanings ascribed thereto on the first page&nbsp;of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Payout Letters</B>&rdquo;
means, with respect to the Financial Indebtedness of Company (other than its Credit Card Indebtedness), letters from the holders of such
Financial Indebtedness to the Company, in form and substance satisfactory to Triple Flag, acting reasonably, which, among other things:
(i)&nbsp;set forth the full outstanding amount of such Financial Indebtedness as at the Effective Date, including any interest, break
fees, and related costs; (ii)&nbsp;specify the wire transfer details for the payment of such amount; (iii)&nbsp;confirm that upon receipt
of such amount, all Encumbrances and related guarantees in favour of such holder, other than Permitted Encumbrances, shall be released
and discharged and all obligations of the Company in respect of such Financial Indebtedness shall be satisfied and fully released; and
(iv)&nbsp;authorize Triple Flag and its counsel to file discharges of any registration in respect of any Encumbrances (other than Permitted
Encumbrances), as the case may be;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Person</B>&rdquo; means an
individual, partnership, association, body corporate, trustee, executor, administrator, legal representative, Governmental Entity or any
other entity, whether or not having legal status;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Plan of Arrangement</B>&rdquo;
means a Plan of Arrangement substantially in the form and content of Schedule&nbsp;A attached hereto and any amendment or variation thereto
made in accordance with Article&nbsp;7 of the Plan of Arrangement or Section&nbsp;7.1 hereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Pre-Acquisition Reorganization</B>&rdquo;
shall have the meaning ascribed thereto in Section&nbsp;2.13;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Receiving Party</B>&rdquo;
shall have the meaning ascribed thereto in Section&nbsp;4.5(g);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Release</B>&rdquo; means any
past or current spilling, leaking, pumping, injection, disposal, emitting, discharging, depositing, escaping, leaching, dumping, migration
or other releasing of any Hazardous Substance;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Replacement Options</B>&rdquo;
shall have the meaning ascribed thereto in the Plan of Arrangement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Sanctioned Country</B>&rdquo;
shall have the meaning ascribed thereto in Section&nbsp;(45) of Schedule&nbsp;C;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Sanctions</B>&rdquo; shall
have the meaning ascribed thereto in Section&nbsp;(45) of Schedule&nbsp;C;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>SEC</B>&rdquo; means the United
States Securities and Exchange Commission;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Section&nbsp;3(a)(10)&nbsp;Exemption</B>&rdquo;
shall have the meaning ascribed thereto in Section&nbsp;2.15;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Securities Act</B>&rdquo;
means the <I>Securities Act</I> (British Columbia) and the rules, regulations and published policies made thereunder;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Securities Authority</B>&rdquo;
means collectively, the British Columbia Securities Commission, the Ontario Securities Commission and any other applicable securities
regulatory authorities in the provinces and territories of Canada;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>SEDAR</B>&rdquo; means the
System for Electronic Data Analysis and Retrieval maintained by the Securities Authorities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Statutory Plan</B>&rdquo;
means a statutory benefit plan which the Company or a Company Subsidiary is required to participate in or comply with, including the Canada
Pension Plan and plans administered pursuant to applicable health tax, workplace safety insurance and employment insurance legislation;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Subsidiary</B>&rdquo; has
the meaning specified in National Instrument 45-106 &ndash; <I>Prospectus Exemptions </I>of the Canadian Securities Administrators in
effect on the date of this Agreement, and &ldquo;<B>Subsidiaries</B>&rdquo; means more than one Subsidiary;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Tax</B>&rdquo; and &ldquo;<B>Taxes</B>&rdquo;
means all taxes, assessments, charges, dues, duties, rates, fees, imposts, levies and similar charges of any kind lawfully levied, assessed
or imposed by any Governmental Entity, including all income taxes (including any tax on or based upon net income, gross income, income
as specially defined, earnings, profits or selected items of income, earnings or profits) and all capital taxes, gross receipts taxes,
environmental taxes, sales taxes, use taxes, ad valorem taxes, value added taxes, transfer taxes (including, without limitation, taxes
relating to the transfer of interests in real property or entities holding interests therein), franchise taxes, licence taxes, withholding
taxes, payroll taxes, employment taxes, Canada Pension Plan or other governmental pension plan premiums, excise, severance, social security,
workers&rsquo; compensation, employment insurance or compensation taxes or premiums, stamp taxes, occupation taxes, premium taxes, property
taxes, windfall profits taxes, alternative or add-on minimum taxes, goods and services tax, harmonized sales tax, customs duties or other
taxes, fees, imports, assessments or charges of any kind whatsoever, together with any interest, penalties, additional amounts or additions
to tax imposed by any Governmental Entity with respect to the foregoing;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Tax Act</B>&rdquo; means the
<I>Income Tax Act</I> (Canada);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Tax Returns</B>&rdquo; means
all returns, schedules, elections, declarations, reports, information returns, notices, forms, statements and other documents made, prepared
or filed with any Governmental Entity or required to be made, prepared or filed with any Governmental Entity relating to Taxes;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Transaction Documents</B>&rdquo;
means collectively, this Agreement, the Triple Flag Disclosure Letter, the Company Disclosure Letter, the Plan of Arrangement and any
Schedules attached hereto and thereto;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Transaction Regulatory Approvals</B>&rdquo;
shall have the meaning ascribed thereto in Section&nbsp;4.5(c);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Triple Flag</B>&rdquo; shall
have the meaning ascribed thereto on the first page&nbsp;of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Triple Flag Board</B>&rdquo;
means the board of directors of Triple Flag;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Triple Flag Board Approval</B>&rdquo;
shall have the meaning ascribed thereto in Section&nbsp;(7)&nbsp;of Schedule&nbsp;D;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Triple Flag Common Shares</B>&rdquo;
means the common shares in the capital of Triple Flag;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Triple Flag Credit Agreement</B>&rdquo;
means the credit agreement dated as of September&nbsp;4, 2018, as amended, between Triple Flag, on the one hand, and a syndicate of Canadian
chartered banks and a foreign bank, on the other hand, providing for a $500,000,000 revolving credit facility, with an additional uncommitted
accordion of up to $200,000,000;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Triple Flag Disclosure Letter</B>&rdquo;
means the letter dated as of the date of this Agreement, delivered by Triple Flag to the Company pursuant to Section&nbsp;3.4 with respect
to certain matters in this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Triple Flag Financial Statements</B>&rdquo;
shall have the meaning ascribed thereto in Section&nbsp;(13)(a)&nbsp;of Schedule&nbsp;D;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Triple Flag Investor Rights
Agreement</B>&rdquo; means the investor rights agreement dated as of May&nbsp;26, 2021 between Triple Flag, on the one hand, and Triple
Flag Co-Invest Luxembourg Investment Company S.&agrave; r.l. and Triple Flag Mining Elliott and Management Co-Invest LP, on the other
hand;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Triple Flag Material Contract</B>&rdquo;
means: (i)&nbsp;any Contract under which Triple Flag or any Triple Flag Subsidiary is obliged to make payments, or receives payments in
excess of $9,000,000 per annum; (ii)&nbsp;any partnership, limited liability company agreement, joint venture, alliance agreement or other
similar agreement or arrangement relating to the formation, creation, operation, management, business or control of any partnership or
joint venture; (iii)&nbsp;any shareholders or stockholders agreements, investor rights or registration rights agreements, voting trusts,
proxies or similar agreements, arrangements or commitments with respect to any shares or other equity interests of Triple Flag or any
Triple Flag Subsidiary or any other Contract relating to disposition, voting or dividends with respect to any shares or other equity securities
of Triple Flag or any Triple Flag Subsidiary; (iv)&nbsp;any Contract under which Financial Indebtedness of Triple Flag or any Triple Flag
Subsidiary for borrowed money is outstanding or may be incurred or pursuant to which any property or asset of Triple Flag or any Triple
Flag Subsidiary is mortgaged, pledged or otherwise subject to an Encumbrance securing Financial Indebtedness in excess of $15,000,000;
(v)&nbsp;any Contract under which Triple Flag or any Triple Flag Subsidiary has directly or indirectly guaranteed any liabilities or obligations
of any person; (vi)&nbsp;any Contract restricting the incurrence of Financial Indebtedness by Triple Flag or any Triple Flag Subsidiary
or the incurrence of Encumbrances on any properties or securities of Triple Flag or Triple Flag Subsidiaries or restricting the payment
of dividends or other distributions; (vii)&nbsp;any Contract that purports to limit in any material respect the right of Triple Flag or
any Triple Flag Subsidiary to (A)&nbsp;engage in any line of business or (B)&nbsp;compete with any person or operate or acquire assets
in any location; (viii)&nbsp;any Contract providing for the purchase, sale or exchange of, or option to purchase, sell or exchange, any
property or asset with a fair market value in excess of $15,000,000, in each case entered into in the past 12 months or in respect of
which the applicable transaction has not been consummated; (ix)&nbsp;any Contract entered into in the last 12 months or in respect of
which the applicable transaction has not yet been consummated for the acquisition or disposition, directly or indirectly (by merger or
otherwise), of material assets or shares (or other equity interests) of another person for aggregate consideration in excess of $15,000,000,
in each case other than in the ordinary course of business; (x)&nbsp;any standstill or similar Contract to which Triple Flag or any Triple
Flag Subsidiary is a party currently restricting the ability of Triple Flag to offer to purchase or purchase the assets or equity securities
of another person (other than confidentiality or non-disclosure agreements entered into in the ordinary course of business); (xi)&nbsp;that
is a material agreement with a Governmental Entity; or (xii)&nbsp;any other Contract to which Triple Flag or any Triple Flag Subsidiary
is party or by which it or any of its assets, rights or properties are bound, that, if terminated or modified, would have a Material Adverse
Effect;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Triple Flag Pending Transactions</B>&rdquo;
shall have the meaning ascribed thereto in Section&nbsp;4.2(a);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Triple Flag Permitted Dividends</B>&rdquo;
means, in respect of the Triple Flag Common Shares, regular quarterly dividends declared from time to time by the Triple Flag Board in
the ordinary course of business, not exceeding US$0.05 per Triple Flag Common Share per quarter, with a record date occurring on or after
the date of this Agreement and prior to the Effective Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Triple Flag Permitted Encumbrances</B>&rdquo;
means (i)&nbsp;minor title defects or irregularities or servitudes, easements, restrictions, encroachments, covenants, rights of way and
other similar rights or restrictions in real property, or any interest therein, whether registered or unregistered, provided the same
are not of such nature as to materially impair the operation or business of Triple Flag; (ii)&nbsp;undetermined or inchoate liens, charges
and privileges (including mechanics&rsquo;, construction, carriers&rsquo;, workers&rsquo;, repairers&rsquo;, storers&rsquo; or similar
liens) which individually or in the aggregate are not material, arising or incurred in the ordinary course of business of Triple Flag;
and (iii)&nbsp;statutory liens, adverse Claims or Encumbrances of any nature whatsoever claimed or held by any Governmental Entity that
have not at the time been filed or registered against the title to any Triple Flag property or served upon Triple Flag pursuant to Law
or that relate to obligations not due (save and except for statutory liens, adverse Claims or Encumbrances related to Taxes which are
due and payable in the ordinary course) or delinquent;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Triple Flag Preferred Shares</B>&rdquo;
means the preferred shares in the capital of Triple Flag;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Triple Flag Principal Shareholders</B>&rdquo;
means, collectively, Triple Flag Mining Aggregator S.&agrave; r.l. and Triple Flag Co-Invest Luxembourg Investment Company S.&agrave;
r.l., and each director and officer of Triple Flag;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Triple Flag Public Disclosure
Documents</B>&rdquo; means all documents filed by Triple Flag on SEDAR or EDGAR on or after January&nbsp;1, 2020 and before the date hereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Triple Flag Representatives</B>&rdquo;
means, collectively, any officer, director, employee, representative, advisor or agent of Triple Flag or any of the Triple Flag Subsidiaries;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Triple Flag Response Period</B>&rdquo;
shall have the meaning ascribed thereto in Section&nbsp;6.2(a)(iv);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Triple Flag Royalty and Stream
Agreements</B>&rdquo; means the definitive agreements pursuant to which Triple Flag holds or proposes to hold the Triple Flag Royalty
and Stream Interests, and any ancillary documentation relating to the Triple Flag Royalty and Stream Interests or agreements relating
to any security interests granted thereunder;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Triple Flag Royalty and Stream
Interests</B>&rdquo; means the royalty, streaming, net profit, production payment or other interests of Triple Flag in any mining or exploration
or development projects, as listed in the Triple Flag Disclosure Letter;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Triple Flag Shareholder Approval</B>&rdquo;
means the approval of the Triple Flag Shareholders&rsquo; of the issuance of Triple Flag Common Shares pursuant to the Arrangement, as
required by section&nbsp;611 of the TSX Company Manual, which approval shall be obtained by way of written consent of Triple Flag Mining
Aggregator S.&agrave; r.l. and Triple Flag Co-Invest Luxembourg Investment Company S.&agrave; r.l, in accordance with section 604(d)&nbsp;of
the TSX Company Manual;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Triple Flag Shareholders</B>&rdquo;
means, at any time, the holders of Triple Flag Common Shares and Triple Flag Preferred Shares;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Triple Flag Subsidiaries</B>&rdquo;
means, collectively, the Subsidiaries of Triple Flag;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Triple Flag Support Agreements</B>&rdquo;
means the support agreements dated the date hereof made between the Company and each of the Triple Flag Principal Shareholders;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Triple Flag Underlying Mineral
Properties</B>&rdquo; means the mineral properties or assets underlying the Triple Flag Royalty and Stream Interests;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>TSX</B>&rdquo; means the Toronto
Stock Exchange; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>U.S. Securities Laws</B>&rdquo;
means the 1933 Act, the 1934 Act, the 1940 Act, any applicable U.S. federal securities laws, rules&nbsp;and regulations and any applicable
U.S. state securities laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>1.2</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Interpretation
Not Affected by Headings</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">The division of this Agreement
into Articles, Sections, subsections and paragraphs and the insertion of headings herein are for convenience of reference only and shall
not affect in any way the meaning or interpretation of this Agreement. The terms &ldquo;<B>this Agreement</B>&rdquo;, &ldquo;<B>hereof</B>&rdquo;,
 &ldquo;<B>herein</B>&rdquo;, &ldquo;<B>hereto</B>&rdquo;, &ldquo;<B>hereunder</B>&rdquo; and similar expressions refer to this Agreement
and the schedules attached hereto and not to any particular article, section or other portion hereof and include any agreement, schedule
or instrument supplementary or ancillary hereto or thereto. Unless the contrary intention appears, references in this Agreement to an
Article, Section, subsection, paragraph or Schedule by number or letter or both refer to the Article, Section, subsection, paragraph or
Schedule, respectively, bearing that designation in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>1.3</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Number
and Gender</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">In this Agreement, unless the
context otherwise requires, words importing the singular only shall include the plural and <I>vice versa</I>, words importing the use
of either gender shall include both genders and neuter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>1.4</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Date
for any Action</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">If the date on which any action
is required to be taken hereunder by any Party hereto is not a Business Day, such action shall be required to be taken on the next succeeding
day that is a Business Day.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>1.5</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Statutory
References</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">Unless otherwise stated, any
reference in this Agreement to a statute includes all regulations and rules&nbsp;made thereunder, all amendments to such statute or regulation
in force from time to time and any statute or regulation that supplements or supersedes such statute or regulation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>1.6</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Currency</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">Unless otherwise stated, all
references in this Agreement to amounts of money are expressed in lawful money of Canada. All references to &ldquo;US$&rdquo; are to United
States of America dollars.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>1.7</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Invalidity
of Provisions</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">Each of the provisions contained
in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof
by a court of competent jurisdiction shall not affect the validity or enforceability of any other provision hereof. To the extent permitted
by applicable Laws, the Parties hereto waive any provision of Law that renders any provision of this Agreement or any part thereof invalid
or unenforceable in any respect. The Parties hereto will engage in good faith negotiations to replace any provision hereof or any part
thereof that is declared invalid or unenforceable with a valid and enforceable provision or part thereof, the economic effect of which
approximates as much as possible the invalid or unenforceable provision or part thereof that it replaces.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>1.8</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Certain
References</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">References to any Contract,
licence, lease, agreement, indenture, arrangement or commitment shall be a reference to such contract, licence, lease, agreement, indenture,
arrangement or commitment, as amended, modified or supplemented from time to time in accordance with the terms thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>1.9</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Accounting
Matters</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">Unless otherwise stated, all
accounting terms used in this Agreement shall have the meanings attributable thereto under IFRS and all determinations of an accounting
nature required to be made hereunder shall be made in a manner consistent with IFRS.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>1.10</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Knowledge</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">Where the phrases &ldquo;<B>to
the knowledge of Triple Flag</B>&rdquo; or &ldquo;<B>to Triple Flag&rsquo;s knowledge</B>&rdquo; or &ldquo;<B>to the knowledge of the
Company</B>&rdquo; or &ldquo;<B>to the Company&rsquo;s knowledge</B>&rdquo; are used in respect of Triple Flag, Triple Flag Subsidiaries,
the Company or the Company Subsidiaries, as applicable, such phrase shall mean, in respect of each representation and warranty or other
statement which is qualified by such phrase, that such representation and warranty or other statement is being made based upon: (a)&nbsp;in
the case of Triple Flag and Triple Flag Subsidiaries, the collective knowledge, after reasonable inquiry, of certain officers or directors
of Triple Flag and Triple Flag Subsidiaries disclosed in the Triple Flag Disclosure Letter in such capacity and without personal liability;
and (b)&nbsp;in the case of the Company and the Company Subsidiaries, the collective knowledge, after reasonable inquiry, of certain officers
or directors of the Company and the Company Subsidiaries disclosed in the Company Disclosure Letter in such capacity and without personal
liability; provided, however, that with respect to representations and warranties regarding the Triple Flag Underlying Mineral Properties
made to the knowledge of Triple Flag, knowledge shall mean the collective knowledge of certain officers or directors of Triple Flag and
Triple Flag Subsidiaries disclosed in the Triple Flag Disclosure Letter without independent inquiry, and with respect to representations
and warranties regarding the Company Underlying Mineral Properties made to the knowledge of the Company, knowledge shall mean the collective
knowledge of certain officers or directors of the Company and the Company Subsidiaries disclosed in the Company Disclosure Letter without
independent inquiry.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>1.11</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Meaning
of Certain Phrase</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">In this Agreement the phrase
 &ldquo;<B>in the ordinary and regular course of business</B>&rdquo; or &ldquo;<B>ordinary course</B>&rdquo; and similar expressions shall,
as applicable, mean and refer to (i)&nbsp;those activities that are normally conducted by a streaming and royalty company, and (ii)&nbsp;the
ordinary course of business conduct of a Party (or its Subsidiaries) in a commercially reasonable and business-like manner consistent
with the past practices of the Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>1.12</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Subsidiaries</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">To the extent any representations,
warranties, covenants or agreements contained herein relate, directly or indirectly, to a Subsidiary of Triple Flag or the Company, each
such provision shall be construed as a covenant by Triple Flag or the Company to cause (to the fullest extent to which it is legally capable)
such Subsidiary to perform the required action.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>1.13</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Schedules</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">The following schedules are
attached to, and are deemed to be incorporated into and form part of, this Agreement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="RIGHT" STYLE="font: 10pt Times New Roman, Times, Serif; width: 93%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 22%; padding-right: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Schedule</U></B></FONT></TD>
    <TD STYLE="width: 78%; padding-right: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Matter</U></B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Schedule&nbsp;A</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Plan of Arrangement</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Schedule&nbsp;B</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Form&nbsp;of Arrangement Resolution</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Schedule&nbsp;C</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Representations and Warranties of the Company</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Schedule&nbsp;D</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Representations and Warranties of Triple Flag</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Schedule&nbsp;E</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Amendment to Triple Flag Investor Rights Agreement</FONT></TD></TR>
  </TABLE><BR STYLE="clear: both">
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&nbsp;2<BR>
THE ARRANGEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>2.1</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Arrangement</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">Triple Flag and the Company
agree that the Arrangement will be implemented in accordance with, and subject to the terms and conditions contained in, this Agreement
and the Plan of Arrangement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>2.2</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Effective
Time</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">The Arrangement shall become
effective at the Effective Time on the Effective Date. The Articles of Arrangement shall be filed by the Company with the Director pursuant
to the CBCA on or before the third Business Day after the satisfaction or, where not prohibited, the waiver by the applicable Party or
Parties in whose favour the condition is, of the conditions set forth in Sections&nbsp;5.1, 5.2 and 5.3 (excluding conditions that, by
their terms, cannot be satisfied until the Effective Date, but subject to the satisfaction or, where not prohibited, the waiver by the
applicable Party or Parties in whose favour any such condition is, of those conditions as of the Effective Date) but in any event no later
than the Outside Date, unless another time or date is agreed to in writing by the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>2.3</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Interim
Order</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">As soon as is reasonably practicable
after the date hereof, and in any case on or before November&nbsp;30, 2022, the Company shall make and diligently prosecute an application
to the Court for the Interim Order, which application shall be in form and substance satisfactory to both the Company and Triple Flag,
each acting reasonably, and the Interim Order shall provide, among other things:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">for the calling and holding of the Company Meeting for the purpose of considering and, if deemed advisable,
approving the Arrangement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">for the classes of Persons to whom notice is to be provided in respect of the Arrangement and the Company
Meeting and for the manner in which such notice is to be provided;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">that the requisite approval for the Arrangement Resolution shall be 66&nbsp;2/3% of the votes cast on
the Arrangement Resolution by the Company Shareholders present in person or represented by proxy at the Company Meeting, voting together
as a single class, together with, if required by MI 61-101, minority approval in accordance with Section&nbsp;8.1 of MI 61-101 or as modified
by the Interim Order;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">that, except as modified by the Interim Order, in all other respects, the terms, conditions and restrictions
of the Company&rsquo;s constating documents, including quorum requirements and other matters, shall apply in respect of the Company Meeting;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">for the grant of the Dissent Rights as set forth in the Plan of Arrangement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">for notice requirements with respect to the presentation of the application to the Court for the Final
Order;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: justify">that the Company Meeting may be adjourned or postponed from time to time by the Company with the consent
of Triple Flag, acting reasonably, as required by Law or in accordance with the terms of this Agreement without the need for additional
approval of the Court and notice of any such adjournment(s)&nbsp;or postponement(s)&nbsp;shall be given by such method as the Company
Board may determine is appropriate in the circumstance;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: justify">confirmation of the record date for the purposes of determining the Company Shareholders entitled to receive
notice of, and vote at, the Company Meeting in accordance with the Interim Order;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">for the notice requirements with respect to the presentation of the application to the Court for the Final
Order;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(j)</TD><TD STYLE="text-align: justify">for such other matters as Triple Flag or the Company may reasonably require, subject to obtaining the
prior consent of the other Party, such consent not to be unreasonably withheld, delayed or conditioned; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(k)</TD><TD STYLE="text-align: justify">that the Company Meeting may be an entirely virtual meeting or hybrid meeting whereby Company Shareholders
may join virtually.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>2.4</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Company
Circular</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">In a timely and expeditious manner so as to permit the Company Meeting to be held on or before January&nbsp;13,
2023, the Company shall prepare the Company Circular, provide Triple Flag with a reasonable opportunity to comment thereon, reasonably
consider all comments provided thereon by Triple Flag, and subsequently file the Company Circular, together with any other documents required
by applicable Laws, in all jurisdictions where the Company Circular is required to be filed and mail the Company Circular, as ordered
by the Interim Order and in accordance with all applicable Laws, in and to all jurisdictions where the Company Circular is required to
be mailed, complying in all material respects with all applicable Laws on the date of the mailing thereof and in the form and containing
the information required by all applicable Laws, including all applicable corporate and securities legislation and requirements, and not
containing any misrepresentation (as defined under applicable securities Laws) with respect thereto, other than with respect to any information
relating to and provided by Triple Flag. The Company Circular will include information in sufficient detail to permit the Company Shareholders
to form a reasoned judgment concerning the matters to be placed before them at the Company Meeting, and to allow reliance upon the Section&nbsp;3(a)(10)&nbsp;Exemption
with respect to the issuance of 3(a)(10)&nbsp;Securities as part of completion of the Arrangement. Without limiting the generality of
the foregoing, the Circular will include: (a)&nbsp;a copy of the Fairness Opinions received by the Company Board and the Company Special
Committee; (b)&nbsp;a statement that the Company Special Committee has unanimously, after consulting with management of the Company and
legal and financial advisors in evaluating the Arrangement, recommended that the Company Board approve this Agreement and the Arrangement;
(c)&nbsp;a statement that the Company Board, after consulting with outside legal counsel and financial advisors and receipt and review
of a unanimous recommendation from the Company Special Committee, has unanimously determined that the Arrangement Resolution is in the
best interests of the Company and unanimously recommends that Company Shareholders vote their Company Common Shares in favour of the Arrangement
Resolution; and (d)&nbsp;a statement that officer and director of the Company intends to vote all of such person&rsquo;s Company Common
Shares in favour of the Arrangement Resolution, subject to the other terms of this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">In a timely and expeditious manner, Triple Flag shall provide to the Company all information as may be
reasonably requested by the Company so as to permit the Company Shareholders to make a reasoned judgment in respect of the Arrangement
Resolution, or as required by the Interim Order or applicable Laws with respect to Triple Flag and Triple Flag Subsidiaries and their
respective businesses and properties (including any <I>pro forma</I> financial statements) for inclusion in the Company Circular or in
any amendment or supplement to the Company Circular that complies in all material respects with all applicable Laws on the date of the
mailing thereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">In a timely and expeditious manner and subject to providing Triple Flag with a reasonable opportunity
to comment thereon, the Company shall prepare and file any mutually agreed (or as otherwise required by applicable Laws or to comply with
the requirements of the Section&nbsp;3(a)(10)&nbsp;Exemption) amendments or supplements to the Company Circular (which amendments or supplements
shall be in a form satisfactory to the Parties, acting reasonably), complying in all material respects with all applicable Laws (and in
compliance with the requirements of the Section&nbsp;3(a)(10)&nbsp;Exemption) on the date of the mailing thereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>2.5</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Company
Meeting</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">In a timely and expeditious manner, the Company shall:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">convene and conduct the Company Meeting in accordance with the Company&rsquo;s constating documents, applicable
Laws and the Interim Order as soon as reasonably practicable and in any event no later than January&nbsp;13, 2023 (or such later date
as may be consented to by Triple Flag or otherwise permitted pursuant to this Agreement);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">in consultation with Triple Flag, fix and publish a record date for the purposes of determining Company
Shareholders entitled to receive notice of and vote at the Company Meeting;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">in consultation with Triple Flag, fix the date of the Company Meeting, give notice to Triple Flag of the
Company Meeting and allow Triple Flag Representatives and legal counsel to attend the Company Meeting;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">not change the record date for the Company Shareholders entitled to vote at the Company Meeting in connection
with any adjournment or postponement of the Company Meeting unless required by Law or the Court;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify">at the reasonable request of Triple Flag from time to time the Company shall provide Triple Flag with
a list (in both written and electronic form) of the registered Company Shareholders, together with their addresses and respective holdings
of the Company Common Shares and with a list of the names and addresses and holdings of all Persons having rights issued by the Company
to acquire the Company Common Shares (including holders of the Company Options) and a list of non-objecting beneficial owners of the Company
Common Shares, together with their addresses and respective holdings of the Company Common Shares. The Company shall from time to time
require that its registrar and transfer agent furnish Triple Flag with such additional information, including updated or additional lists
of the Company Shareholders and lists of holdings and other assistance as Triple Flag may reasonably request;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(vi)</TD><TD STYLE="text-align: justify">provide Triple Flag with information on the proxies received and the Company Shareholder votes on the
Arrangement Resolution on a daily basis commencing at least ten Business Days before the date of the Company Meeting to the extent that
such information is available to the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(vii)</TD><TD STYLE="text-align: justify">subject to the terms of this Agreement: (A)&nbsp;use commercially reasonable efforts to solicit proxies
in favour of the Arrangement Resolution, including retaining a proxy solicitation agent to solicit in favour of the Arrangement Resolution
and provide Triple Flag with copies of or access to information regarding the Company Meeting that has been provided to the Company generated
by any proxy solicitation services firm retained by the Company, as requested from time to time by Triple Flag; (B)&nbsp;recommend (and
the Company Board shall in the Company Circular unanimously recommend) to all the Company Shareholders that they vote in favour of the
Arrangement Resolution; (C)&nbsp;not withdraw, modify or qualify, or publicly propose to or publicly state that it intends to withdraw,
modify or qualify in any manner adverse to Triple Flag such recommendation or the unanimous approval, recommendation or declaration of
advisability of the Company Board (a &ldquo;<B>Company Change in Recommendation</B>&rdquo;), it being understood that failing to affirm
the approval or recommendation of the Company Board of the transactions contemplated herein after a Company Acquisition Proposal in respect
of the Company has been publicly announced shall be considered an adverse modification except as expressly permitted by Sections&nbsp;6.1
and 6.2 hereof; and (D)&nbsp;include in the Company Circular the Company Board Approval and a statement that each director and officer
of the Company intends to vote all of such Person&rsquo;s Company Common Shares in favour of the Arrangement Resolution;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(viii)</TD><TD STYLE="text-align: justify">promptly advise Triple Flag of any written communication from any Company Shareholder in opposition to
the Arrangement and written communications sent by or on behalf of the Company to any such Company Shareholder, and provide Triple Flag
with a reasonable opportunity to review and comment on any such communication sent by the Company prior to it being delivered to the party
purporting to oppose the Arrangement; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ix)</TD><TD STYLE="text-align: justify">except as required by applicable Law, or with the prior written consent of Triple Flag, which shall not
be unreasonably withheld, conditioned or delayed, the Arrangement Resolution shall be the only matter of business transacted at the Company
Meeting; provided that, if the Company is required by applicable Law, or permitted by Triple Flag in writing, to transact any other item
of business at the Company Meeting, the Company shall cause the Arrangement Resolution to be considered and voted upon before any other
item of business to be transacted at the Company Meeting.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Subject to Section&nbsp;6.2(e), the Company shall not adjourn, postpone or cancel the Company Meeting
(or propose to do so), except: (i)&nbsp;in the case of an adjournment, if quorum is not present at the Company Meeting; (ii)&nbsp;in the
case of an adjournment or postponement, for any <I>bona fide </I>reason entirely beyond the control of the Company, acting in good faith,
provided that such reason is not related in any manner whatsoever to a Company Acquisition Proposal; (iii)&nbsp;if required by applicable
Laws; (iv)&nbsp;if otherwise agreed with Triple Flag; or (v)&nbsp;if required by the Court. For greater certainty, no Company Change in
Recommendation shall relieve the Company from its obligation to proceed to call and hold the Company Meeting and to hold the vote on the
Arrangement Resolution, except in circumstances where this Agreement is terminated in accordance with the terms hereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">The Company shall promptly provide Triple Flag with any written notice of dissent or purported exercise
by any Company Shareholder of Dissent Rights in respect of the Arrangement Resolution and written communications with any Company Shareholder
purportedly exercising such Dissent Rights, and shall not settle or compromise any action brought by any present, former or purported
holder of any of its securities in connection with the transactions contemplated by this Agreement, including the Arrangement, without
the prior written consent of Triple Flag.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>2.6</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Triple
Flag Shareholder Approval</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">Concurrent with the execution
and delivery of this Agreement, Triple Flag has delivered to the Company (i)&nbsp;confirmation from the TSX that it will accept the written
consent of the Triple Flag Principal Shareholders as approval for the issuance of the Triple Flag Common Shares pursuant to the Arrangement
in accordance with section 611 and 604(d)&nbsp;of the TSX Company Manual; (ii)&nbsp;duly executed copies of the Triple Flag Support Agreements
from each of the Triple Flag Principal Shareholders in accordance with Section&nbsp;2.18(b), and (iii)&nbsp;duly executed copies of the
written consent of each of the Triple Flag Principal Shareholders approving the issuance of the Triple Flag Common Shares pursuant to
the Arrangement in the form agreed by the TSX.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>2.7</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Final
Order</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">Subject to approval of the Arrangement
Resolution by the Company Shareholders at the Company Meeting in accordance with the terms of the Interim Order, receipt of the Triple
Flag Shareholder Approval, and otherwise as required by applicable Law, subject to the terms of this Agreement, the Company shall forthwith
make and diligently prosecute an application to the Court for the Final Order, which application shall be in form and substance satisfactory
to both the Company and Triple Flag, each acting reasonably, and both the Company and Triple Flag shall diligently take steps to set down
the hearing for the Final Order for a date that is no more than three Business Days following the approval of the Arrangement Resolution
at the Company Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>2.8</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Court
Proceedings</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">In connection with all Court proceedings relating to obtaining the Interim Order and the Final Order,
the Company shall:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">diligently pursue, and Triple Flag and the Company will cooperate with each other in diligently pursuing,
the Interim Order and the Final Order, including Triple Flag providing the Company on a timely basis any information required to be supplied
by the Company in connection therewith;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">provide Triple Flag and its legal counsel with a reasonable opportunity to review and comment upon drafts
of all material to be filed with the Court in connection with the Arrangement, and will give reasonable consideration to all such comments;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">ensure that all material filed with the Court in connection with the Arrangement is consistent in all
material respects with the terms of this Agreement and the Plan of Arrangement, as they may be amended in accordance with their terms;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">provide Triple Flag&rsquo;s legal counsel, on a timely basis, with copies of any notice of appearance,
evidence or other documents served on the Company or its legal counsel in respect of the application for the Interim Order or the Final
Order or any appeal from them, and any written or oral notice indicating the intention of any Person to appeal, or oppose the granting
of, the Interim Order or the Final Order;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify">subject to applicable Law, other than as required by and in accordance with this Agreement or the Arrangement,
not file any material with the Court or serve any such material and will not agree to modify or amend materials so filed or served, except
with Triple Flag&rsquo;s prior written consent, such consent not to be unreasonably withheld, delayed or conditioned, provided that nothing
herein shall require Triple Flag to agree or consent to any increase in consideration payable pursuant to the Arrangement or other modification
or amendment that expands or increases Triple Flag&rsquo;s obligations or diminishes or limits Triple Flag&rsquo;s rights set forth in
any such filed or served materials or under this Agreement or the Arrangement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(vi)</TD><TD STYLE="text-align: justify">not object to Triple Flag&rsquo;s legal counsel making such submissions on the hearing of the motion for
the Interim Order and the application for the Final Order as such counsel considers appropriate, provided that the Company and its legal
counsel is advised of the nature of any submissions with reasonably sufficient time prior to the hearing and agrees with them, acting
reasonably, and such submissions are consistent in all material respects with this Agreement and the Plan of Arrangement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(vii)</TD><TD STYLE="text-align: justify">oppose any proposal from any party that the Final Order contain any provision inconsistent with this Agreement;
and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(viii)</TD><TD STYLE="text-align: justify">if at any time after the issuance of the Final Order and prior to the Effective Date, the Company is required
by the terms of the Final Order or by Law to return to Court with respect to the Final Order, it shall do so after notice to, and in consultation
and cooperation with, Triple Flag.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>2.9</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Board
of the Purchaser</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">Triple Flag shall take all necessary
actions to ensure that upon completion of the Arrangement, the Triple Flag Board shall consist of nine (9)&nbsp;directors including two
(2)&nbsp;current directors of the Company to be identified and agreed upon by the Parties, acting reasonably.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>2.10</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Payment
of Consideration</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">Triple Flag shall, following
receipt of the Final Order but prior to the Effective Time, provide the Depositary with sufficient funds and an irrevocable treasury direction
for the issuance of Triple Flag Common Shares to be held in escrow (the terms and conditions of such escrow to be satisfactory to the
Company and Triple Flag, acting reasonably) to satisfy the aggregate amount payable by Triple Flag and its wholly-owned Subsidiaries to
the Company Shareholders as contemplated by Section&nbsp;3.1 of the Plan of Arrangement, subject to the applicable Tax withholdings and
other source deduction provisions of the Plan of Arrangement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>2.11</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Section&nbsp;85
Elections</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Company Shareholders whose Company Common Shares are exchanged for Triple Flag Common Shares and cash,
or just Triple Flag Common Shares, pursuant to the Arrangement shall be entitled to make an income tax election pursuant to Section&nbsp;85
of the Tax Act (and any analogous provision of provincial income tax law) (a &ldquo;<B>Section&nbsp;85 Election</B>&rdquo;) with respect
to the exchange by providing two signed copies of the necessary joint election forms to Triple Flag, as directed in a tax instruction
letter, within 90 days after the Effective Date, duly completed with the details of the Company Common Shares exchanged and the applicable
agreed amount for the purposes of such joint elections. Triple Flag shall, within 30 days after receiving the completed joint election
forms from a Company Shareholder, and subject to such joint election forms being correct and complete and in compliance with requirements
imposed under the Tax Act (or any analogous provision of provincial income tax law), sign and return such forms to such Company Shareholder.
Each Company Shareholder is solely responsible for ensuring the Section&nbsp;85 Election is completed correctly and filed with the Canada
Revenue Agency (and any applicable provincial tax authority) by the required deadline. Neither Triple Flag nor any successor corporation
shall be responsible for ensuring that a Company Shareholder obtains a tax instruction letter, nor the proper completion of any election
form, except for the obligation to sign and return duly completed election forms which are received within 90 days of the Effective Date.
The Company Shareholder will be solely responsible for the payment of any taxes, interest or penalties resulting from the failure of a
Company Shareholder to properly or timely complete or file such election forms in the form and manner and within the time prescribed by
the Tax Act (or any applicable provincial legislation). In its sole discretion, Triple Flag or any successor corporation may choose to
sign and return an election form received by it more than 90 days following the Effective Date, but will have no obligation to do so.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Upon receipt of a Letter of Transmittal and Election Form&nbsp;(as defined in the Plan of Arrangement)
in which a Company Shareholder has indicated that the Company Shareholder intends to make a Section&nbsp;85 Election, Triple Flag will
promptly make available through its website, a tax instruction letter (and a tax instruction letter for the equivalent provincial elections,
if applicable), together with the relevant tax election forms (including the provincial tax election forms, if applicable) to the Company
Shareholder.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>2.12</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Closing</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">The closing of the Arrangement
will take place at the offices of Torys LLP, Toronto, Ontario at 8:00 a.m.&nbsp;(Toronto time) on the Effective Date or at such other
time as the Parties may agree.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>2.13</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Pre-Acquisition
Re-organization</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">The Company agrees that, upon
request by Triple Flag, the Company shall, and shall cause each Company Subsidiary to, (a)&nbsp;effect such reorganizations of the Company
or the Company Subsidiaries&rsquo; business, operations and assets or such other transactions as Triple Flag may request, acting reasonably
(each a &ldquo;<B>Pre-Acquisition Reorganization</B>&rdquo;), (b)&nbsp;co-operate with Triple Flag and its advisors in order to determine
the nature of the Pre-Acquisition Reorganizations that might be undertaken and the manner in which they might most effectively be undertaken,
and (c)&nbsp;not take any action that would prevent or materially impair the Pre-Acquisition Reorganization; provided, however, that the
Company need not affect any Pre-Acquisition Reorganization which, in the opinion of the Company, acting reasonably, (i)&nbsp;would require
the approval of Company Shareholders or other securityholders, (ii)&nbsp;would be prejudicial to the Company, any Company Subsidiary,
or Company Shareholders or other securityholders in any material respect, (iii)&nbsp;would reduce the consideration or change the form
or proportion of consideration to be received by the Company Shareholders, (iv)&nbsp;would unreasonably interfere with the ongoing operations
of the Company or any Company Subsidiary, (v)&nbsp;unless agreed by the Company, would require any filing with, notification to or approval
of any Governmental Entity or third party prior to the Effective Date, (vi)&nbsp;would require the Company or any Company Subsidiary to
contravene any applicable Laws or its respective constating documents or any Contract or agreement in respect of which the necessary consents
to any such contravention have not been obtained, (vii)&nbsp;would result in Taxes being imposed on, or other adverse Tax consequences
to the Company or any Company Subsidiary, or any Company Shareholders or other securityholders that is incrementally greater than the
Taxes imposed on or other consequences to such persons in connection with the completion of the Arrangement in the absence of such Pre-Acquisition
Reorganization, (viii)&nbsp;result in the withdrawal or material modification of the Fairness Opinions, (ix)&nbsp;would be unable to be
reversed or unwound in the event the Arrangement is not consummated without materially prejudicing the Company, any Company Subsidiary,
or Company Shareholders or other securityholders. Triple Flag agrees that it will be responsible for all reasonable costs and expenses
associated with any Pre-Acquisition Reorganization to be carried out at its request and shall indemnify and save harmless the Company
and the Company Subsidiaries and their respective Representatives from and against any and all liabilities, losses, damages, claims, costs,
expenses, interest awards, judgments and penalties suffered or incurred by any of them in connection with or as a result of any such Pre-Acquisition
Reorganization (including in respect of any reversal, modification or termination of a Pre-Acquisition Reorganization). Furthermore, any
such Pre-Acquisition Reorganization shall not become effective until following the satisfaction or waiver of all conditions precedent
to the Arrangement, and in any case not earlier than immediately prior to the Effective Time. Triple Flag acknowledges and agrees that
the Pre-Acquisition Reorganization shall be disregarded in determining whether a representation, warranty or covenant of the Company hereunder
has been breached. Triple Flag shall provide written notice to the Company of any proposed Pre-Acquisition Reorganization at least twenty
Business Days prior to the Effective Time. Upon receipt of such notice, Triple Flag and the Company shall work co-operatively and use
their commercially reasonable efforts to prepare prior to the Effective Time all documentation necessary and do all such other acts and
things as are necessary to give effect to such Pre-Acquisition Reorganization, including effecting any necessary amendments to the Plan
of Arrangement, if any, to the extent permitted by the Plan of Arrangement or this Agreement. The obligations of Triple Flag in this Section&nbsp;2.13
shall survive indefinitely notwithstanding the termination of this Agreement. Except in the case where this Agreement is terminated by
Triple Flag pursuant to Section&nbsp;7.2(c)(i)&nbsp;or 7.2(c)(iii), if the Arrangement is not completed, Triple Flag shall forthwith reimburse
the Company or at the Company&rsquo;s direction, the Company Subsidiaries, for all reasonable and documented fees and expenses (including
reasonable professional fees and expenses and taxes) incurred by the Company and the Company Subsidiaries in effecting a Pre-Acquisition
Reorganization and shall be responsible for any reasonable and documented fees, expenses and costs (including reasonable professional
fees and expenses and taxes) of the Company and the Company Subsidiaries in reversing or unwinding any Pre-Acquisition Reorganization
that was effected prior to the Effective Date. The indemnification obligations contained in this Section&nbsp;2.13 shall survive indefinitely
notwithstanding the termination of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>2.14</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Tax
Treatment</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">Any Person shall be entitled
to deduct or withhold from any amount payable to any other Person hereunder such amounts as such Person is required or permitted to deduct
or withhold with respect to such payment under the Tax Act, the Code or any provision of provincial, state, local or foreign Law, in each
case as amended. To the extent that amounts are so deducted or withheld, such deducted or withheld amounts shall be treated for all purposes
under this Agreement as having been paid to the Person in respect of which such deduction or withholding was made, provided that such
deducted or withheld amounts are actually remitted to the appropriate taxing authority. The Person is hereby authorized to withhold and
sell, or otherwise require the other Person to irrevocably direct the sale through a broker and irrevocably direct the broker to pay the
proceeds of such sale of, such portion of any share or other security otherwise issuable to the other Person as is necessary to provide
sufficient funds to the Person, to enable it to comply with such deduction or withholding requirement and the Person shall notify the
other Person and remit the applicable portion of the net proceeds of such sale to the appropriate taxing authority. Notwithstanding the
foregoing, the Person shall not withhold securities where the other Person has made arrangements to satisfy any withholding taxes, in
advance, to the satisfaction of the Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>2.15</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">U.S.
Securities Law Matters</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">The Parties intend that the
issuance of 3(a)(10)&nbsp;Securities under the Arrangement will be exempt from the registration requirements of the 1933 Act pursuant
to Section&nbsp;3(a)(10)&nbsp;thereof (the &ldquo;<B>Section&nbsp;3(a)(10)&nbsp;Exemption</B>&rdquo;), and will otherwise be issued and
exchanged pursuant to the Arrangement in compliance with all applicable U.S. Securities Laws. Each Party agrees to act in good faith,
consistent with the intent of the Parties and the intended treatment of the Arrangement set forth in this Section&nbsp;2.15. In order
to ensure the availability of the Section&nbsp;3(a)(10)&nbsp;Exemption, the Parties agree that the Arrangement will be carried out in
accordance with the requirements of the SEC&rsquo;s Staff Legal Bulletin (SLB) No.&nbsp;3A (June&nbsp;18, 2008), including but not limited
to the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">3(a)(10)&nbsp;Securities issued and exchanged in the Arrangement will not be offered for cash;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">the Arrangement will be subject to the approval of the Court;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">the Court will be advised as to the intention of the Parties to rely on the Section&nbsp;3(a)(10)&nbsp;Exemption
prior to the hearing required to approve the Arrangement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">the Court will hold a hearing to approve the Arrangement, and the Court shall find that the Arrangement
is procedurally and substantively fair prior to its approval of the Arrangement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">the Final Order will expressly state that the Arrangement is fair and reasonable in accordance with the
requirements of section 192 of the CBCA;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">the Parties will ensure that each Person entitled to receive 3(a)(10)&nbsp;Securities on completion of
the Arrangement will be entitled to attend and will be given adequate notice advising them of their right to attend the hearing of the
Court to approve the Final Order and providing them with sufficient information necessary for them to exercise that right;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: justify">each Person to whom 3(a)(10)&nbsp;Securities will be issued pursuant to the Arrangement will be advised
that such 3(a)(10)&nbsp;Securities (i)&nbsp;have not been registered under the 1933&nbsp;Act and will be issued by Triple Flag in reliance
upon the exemption from the registration requirements of the 1933&nbsp;Act provided by Section&nbsp;3(a)(10)&nbsp;of the 1933 Act and,
(ii)&nbsp;may be subject to certain restrictions on resale under U.S. Securities Laws, including, Rule&nbsp;144 under the 1933&nbsp;Act,
in the case of 3(a)(10)&nbsp;Securities issued to affiliates (within the meaning of Rule&nbsp;144 under the 1933 Act) of Triple Flag;
and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: justify">the Interim Order approving the Company Meeting will specify that each Person to whom 3(a)(10)&nbsp;Securities
will be issued pursuant to the Arrangement will have the right to appear before the Court at the hearing of the Court to approve the Final
Order so long as such securityholder enters an appearance within a reasonable time.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>2.16</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Incentive
Security Matters</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">The Parties acknowledge that the outstanding Company Options and Company RSUs shall be treated in accordance
with the provisions of the Plan of Arrangement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">The Parties acknowledge that no deduction will be claimed by the Company or any Person not dealing at
arm&rsquo;s length with the Company in respect of any cash payment made to a holder of Company Options in respect of the Options pursuant
to the Plan of Arrangement who is a resident of Canada or who is employed in Canada (all within the meaning of the Tax Act), in computing
the Company&rsquo;s, or any Person not dealing at arm&rsquo;s length with the Company, taxable income under the Tax Act and Triple Flag
shall cause the Company to: (i)&nbsp;where applicable, make an election pursuant to subsection 110(1.1) of the Tax Act in respect of the
cash payments made in exchange for the surrender of Company Options; and (ii)&nbsp;provide evidence in writing of such election to holders
of Company Options, it being understood that holders of Company Options will be entitled to claim any deductions available to such persons
pursuant to the Tax Act in respect of the calculation of any benefit arising from the surrender of Company Options.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>2.17</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Company
Warrants</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">Triple Flag shall comply with
the terms of the Company Warrants so that following completion of the Arrangement each holder of a Company Warrant shall receive upon
the exercise of such holder&rsquo;s Company Warrants such securities and other property, if any, which the holder is entitled to receive
under the terms of the Company Warrants. Triple Flag and Company shall take the necessary steps to give effect to the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>2.18</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Support
Agreements</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">The Company shall, concurrently with its execution and delivery to Triple Flag of this Agreement, deliver
to Triple Flag duly executed copies of the Company Voting Support Agreements, in a form acceptable to Triple Flag, acting reasonably,
from each of the Company Principal Shareholders.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Triple Flag shall, concurrently with its execution and delivery to the Company of this Agreement, deliver
to the Company duly executed copies of the Triple Flag Support Agreements, in a form acceptable to the Company, acting reasonably, from
each of the Triple Flag Principal Shareholders.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&nbsp;3<BR>
REPRESENTATIONS AND WARRANTIES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>3.1</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Representations
and Warranties of the Company</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">Except as set forth in the Company
Disclosure Letter, the Company represents and warrants to Triple Flag as set forth in Schedule&nbsp;C hereto and acknowledges and agrees
that Triple Flag is relying upon such representations and warranties in connection with the entering into of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>3.2</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Representations
and Warranties of Triple Flag</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">Except as set forth in the Triple
Flag Disclosure Letter, Triple Flag represents and warrants to the Company as set forth in Schedule&nbsp;D hereto and acknowledges and
agrees that the Company is relying upon such representations and warranties in connection with the entering into of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>3.3</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">The
Company Disclosure Letter</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">The Parties acknowledge and
agree that the Company has delivered to Triple Flag the Company Disclosure Letter, which has been accepted by Triple Flag and which sets
forth all modifications to those representations and warranties made by the Company in Schedule&nbsp;C hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>3.4</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Triple
Flag Disclosure Letter</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">The Parties acknowledge and
agree that Triple Flag has delivered to the Company the Triple Flag Disclosure Letter, which has been accepted by the Company and which
sets forth all modifications to those representations and warranties made by Triple Flag in Schedule&nbsp;D hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>3.5</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Survival
of Representations and Warranties</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">The representations and warranties
contained in this Agreement shall survive the execution and delivery of this Agreement and shall expire and be terminated and extinguished
on the earlier of the Effective Date and the date on which this Agreement is terminated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&nbsp;4<BR>
COVENANTS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>4.1</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Conduct
of Business of the Company</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Until the earlier of the Effective Time and the time that this Agreement is terminated in accordance with
its terms, except (i)&nbsp;with the prior written consent of Triple Flag, such consent not to be unreasonably withheld, conditioned or
delayed, (ii)&nbsp;as required or permitted by this Agreement, (iii)&nbsp;as required by Law or (iv)&nbsp;as set out in the Company Disclosure
Letter, the Company shall, and shall cause each of the Company Subsidiaries to, (a)&nbsp;conduct its business in the ordinary course and
in accordance with applicable Law, (b)&nbsp;comply with the terms of all Company Material Contracts, and (c)&nbsp;use commercially reasonable
efforts to preserve intact the current business organization, properties, assets, rights, Authorizations, goodwill, employment relationships
and business relations with suppliers, partners and any other Persons with which the Company and the Company Subsidiaries have business
relations.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">The Company will, subject to compliance with applicable Laws, fully cooperate with and keep informed Triple
Flag, including through meetings with Triple Flag, and such other access to its officers, employees, agents, properties, book and records
as Triple Flag may reasonably request, including to allow Triple Flag to monitor the Company&rsquo;s activities relating to the Company
Royalty and Stream Interests, to provide Triple Flag with a reasonable opportunity to access and discuss material information or other
technical information with respect to the Company Royalty and Stream Interests or the Company Underlying Mineral Properties, and to facilitate
business integration planning.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">Without limiting the generality of Section&nbsp;4.1(a), until the earlier of the Effective Time and the
time that this Agreement is terminated in accordance with its terms, except: (i)&nbsp;with the prior written consent of Triple Flag, such
consent not to be unreasonably withheld, conditioned or delayed; (ii)&nbsp;as required or permitted by this Agreement; (iii)&nbsp;as required
by Law; or (iv)&nbsp;as set out in the Company Disclosure Letter, the Company shall not, and shall not permit any of the Company Subsidiaries
to, directly or indirectly:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">alter, amend or propose to alter or amend the articles, by-laws or other constating documents or their
equivalent of the Company or any of the Company Subsidiaries or any of the terms of the Company Common Shares, the Company Preference
Shares, the Company Options, the Company RSUs or the Company Warrants as they exist at the date of this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">reduce its stated capital, or split, divide, consolidate, combine or reclassify any of the shares or other
securities of the Company or any of the Company Subsidiaries, or declare, set aside or pay any dividend or other distribution payable
in cash, securities, property or otherwise with respect to the Company Common Shares or the Company Preference Shares, other than the
Company Permitted Dividends;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">redeem, purchase or otherwise acquire or subject to any Encumbrance, or permit any of the Company Subsidiaries
to redeem, purchase or otherwise acquire or subject to any Encumbrance, any Company Common Shares or any Company Preference Shares or
any other securities or securities convertible into or exchangeable or exercisable for Company Common Shares or Company Preference Shares;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">issue, sell, grant, pledge, lease, dispose of, encumber or create any Encumbrance on or agree to do so,
or permit any of the Company Subsidiaries to issue, sell, grant, pledge, lease, dispose of, encumber or create any Encumbrance on or agree
to do so, any shares or other securities of, or any options, warrants, calls, conversion privileges or rights of any kind to acquire any
shares of, the Company or any of the Company Subsidiaries, other than the issue of the Company Common Shares in accordance with the Company
Warrants, the Company Options and the Company RSUs issued and outstanding on the date hereof in accordance with their terms as of the
date hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify">adopt, or permit any of the Company Subsidiaries to adopt, any resolutions or enter into any agreement
providing for the amalgamation, merger, consolidation, reorganization, liquidation, dissolution or any other extraordinary transaction
in respect of itself;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(vi)</TD><TD STYLE="text-align: justify">engage in any new business, enterprise or other activity that is inconsistent with the existing businesses
of the Company in the manner such existing businesses generally have been carried on or (as disclosed in the Company Public Disclosure
Documents) planned or proposed to be carried on prior to the date of this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(vii)</TD><TD STYLE="text-align: justify">permit or authorize Maverix Metals Trading DMCC to engage in any business, enterprise or other activity
or enter into any Contract, and the Company and no other Company Subsidiary will provide funding or capital, or otherwise enter into any
Contract in respect of or on behalf of Maverix Metals Trading DMCC;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(viii)</TD><TD STYLE="text-align: justify">commence any litigation (other than litigation in connection with the collection of accounts receivable,
to enforce the terms of this Agreement or the Confidentiality Agreement, to enforce other obligations of Triple Flag or as a result of
litigation commenced against the Company);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ix)</TD><TD STYLE="text-align: justify">enter into or terminate any interest rate, currency, equity or commodity swaps, hedges, derivatives, forward
sales Contracts or other financial instruments or like transaction;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(x)</TD><TD STYLE="text-align: justify">terminate, fail to renew, cancel, waive, release, grant or transfer any rights that are material to the
Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xi)</TD><TD STYLE="text-align: justify">terminate the employment or consulting arrangement of any senior management employees, except for cause;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xii)</TD><TD STYLE="text-align: justify">increase any benefits payable under its current severance or termination pay policies;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xiii)</TD><TD STYLE="text-align: justify">increase the coverage, contributions, funding requirements or benefits available under any Company Benefit
Plan or create any new plan which would be considered to be a Company Benefit Plan once created;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xiv)</TD><TD STYLE="text-align: justify">make any material determination under any Company Benefit Plan that is not in the ordinary course of business;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xv)</TD><TD STYLE="text-align: justify">adopt or amend or make any contribution to or grant any award under any Company Benefit Plan, the Company
Option Plan, the Company RSU Plan, or other bonus, profit sharing, option, pension, retirement, deferred compensation, insurance, incentive
compensation, compensation or other similar plan, agreement, trust, fund or arrangement for the benefit of directors, officers, employees
or consultants or former directors, officers, employees or consultants of the Company or the Company Subsidiaries of the Company or the
Company Subsidiaries;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xvi)</TD><TD STYLE="text-align: justify">take any action to accelerate the time of payment of any compensation or benefits, amend or waive any
performance or vesting criteria or accelerate vesting under any of the Company Benefit Plans, the Company Option Plan, the Company RSU
Plan, except in accordance with their respective terms as contemplated herein; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xvii)</TD><TD STYLE="text-align: justify">establish, adopt, enter into, amend or terminate any collective bargaining agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xviii)</TD><TD STYLE="text-align: justify">sell, pledge, lease, licence, mortgage, encumber or otherwise dispose of, or permit any of the Company
Subsidiaries to sell, pledge, lease, licence, mortgage, encumber or otherwise dispose of, any property or assets or enter into any agreement
or commitment in respect of any of the foregoing;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xix)</TD><TD STYLE="text-align: justify">acquire or agree to acquire (by merger, consolidation, acquisition of stock or assets or otherwise), directly
or indirectly, in one transaction or in a series of related transactions, any corporation, partnership or other Person (or interest therein)
or division of any corporation or other entity, or permit any of the Company Subsidiaries to acquire or agree to acquire any corporation,
partnership or other Person (or interest therein) or division of any corporation or other entity or make any other investment by the purchase
of securities, contribution of capital, property transfer or purchase of any property or assets of any other person;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xx)</TD><TD STYLE="text-align: justify">pay, discharge or satisfy or settle any Liability or obligation that is not in the ordinary course of
business except for any Liability or obligation between the Company and any of the Company Subsidiaries or between the Company Subsidiaries
or that is reflected or reserved against in the Company Financial Statements or voluntarily waive, release, assign, settle or compromise
any proceeding;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xxi)</TD><TD STYLE="text-align: justify">settle or compromise any action, claim or other proceeding (i)&nbsp;brought against it for damages or
providing for the grant of injunctive relief or other non-monetary remedy or (ii)&nbsp;brought by any present, former or purported holder
of its securities in connection with the transactions contemplated by this Agreement or the Arrangement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xxii)</TD><TD STYLE="text-align: justify">except in connection with matters otherwise permitted under this Section&nbsp;4.1, enter into Contract
under which the Company or any Company Subsidiary is obliged to make payments, or is entitled to receive payments in excess of $2,000,000,
or any Contract that if entered into prior to the date hereof, would be a Company Material Contract, or terminate, cancel, extend, renew
or amend, modify or change any Company Material Contract, or waive, release, or assign any material rights or claims thereto or thereunder;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xxiii)</TD><TD STYLE="text-align: justify">enter into or renew any Contract (i)&nbsp;containing (a)&nbsp;any limitation or restriction on the ability
of the Company or its Subsidiaries or, following completion of the transactions contemplated hereby, the ability of Triple Flag or any
of its affiliates, to engage in any type of activity or business, (b)&nbsp;any limitation or restriction on the manner in which, or the
localities in which, all or any portion of the business of the Company or the Company Subsidiaries or, following consummation of the transactions
contemplated hereby, all or any portion of the business of Triple Flag or any of its affiliates, is or would be conducted or (c)&nbsp;any
limit or restriction on the ability of the Company or the Company Subsidiaries or, following completion of the transactions contemplated
hereby, the ability of Triple Flag or any of its affiliates, to solicit customers or employees, or (ii)&nbsp;that would reasonably be
expected to prevent or significantly impede or materially delay the completion of the Arrangement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xxiv)</TD><TD STYLE="text-align: justify">enter into any lease or sublease of real property (whether as a lessor, sublessor, lessee or sublessee),
or modify, amend or exercise any right to renew any lease or sublease of real property or acquire any interest in real property;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xxv)</TD><TD STYLE="text-align: justify">grant to any officer, director, employee or consultant of the Company or the Company Subsidiaries an increase
in compensation in any form;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xxvi)</TD><TD STYLE="text-align: justify">grant any general salary increase, fee or pay any bonus, award (equity or otherwise) or other material
compensation to the directors, officers, employees or consultants of the Company or the Company Subsidiaries other than the payment of
salaries, fees and bonuses in the ordinary course of business as disclosed in the Company Disclosure Letter;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xxvii)</TD><TD STYLE="text-align: justify">take any action with respect to the grant, acceleration or increase of any severance, change of control,
retirement, retention or termination pay (or amend any existing arrangement relating to the foregoing);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xxviii)</TD><TD STYLE="text-align: justify">enter into or modify any employment or consulting agreement with any director, officer, employee or consultant
of the Company or the Company Subsidiaries;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xxix)</TD><TD STYLE="text-align: justify">make any loan to any director, officer, employee or consultant of the Company or the Company Subsidiaries;
or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xxx)</TD><TD STYLE="text-align: justify">make any changes in its accounting methods, principles, policies or practices or adopt new accounting
methods, principles, policies or practices, in each case except as required by applicable Laws or IFRS.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">The Company will use its commercially reasonable efforts to cause the current insurance (or re-insurance)
policies maintained by the Company and the Company Subsidiaries, including directors&rsquo; and officers&rsquo; insurance, not to be cancelled,
terminated, amended or modified and to prevent any of the coverage thereunder from lapsing, unless at the time of such termination, cancellation
or lapse, replacement policies underwritten by insurance or re-insurance companies of nationally recognized standing having comparable
deductions and providing coverage comparable to or greater than the coverage under the cancelled, terminated or lapsed policies for substantially
similar premiums are in full force and effect, provided, however, that, except as contemplated by Section&nbsp;4.7(c), the Company will
not obtain or renew any insurance (or re-insurance) policy without the prior written consent of Triple Flag.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">The Company will use commercially reasonable efforts to retain the services of its and its Subsidiaries&rsquo;
existing employees and consultants until the Effective Time, and will promptly provide written notice to Triple Flag of the resignation
or termination of any of its key employees or consultants.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">Prior to the Effective Time, the Company will use commercially reasonable efforts to remove the legend
and trading restrictions in place in respect of &lsquo;compensation shares&rsquo; set forth on the Company Disclosure Letter and issued
pursuant to the Company&rsquo;s Long Term Incentive Plan, adopted in June&nbsp;2016 and updated in October&nbsp;2019, and the Company&rsquo;s
Annual Incentive Plan dated February&nbsp;2, 2021.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: justify">At or prior to the Effective Time, the Company will use commercially reasonable efforts to cause Matthew
Fargey to transfer to a person designated by Triple Flag the registered title to any outstanding securities in the capital of Minera MacMillan
S.A. de C.V. and Exploracion Mac-Ore S.A. de C.V. held by Matthew Fargey.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: justify">Neither the Company nor the Company Subsidiaries will make an application to amend, terminate, allow to
expire or lapse or otherwise modify any of its Authorizations or take any action or fail to take any action which action or failure to
act would result in the material loss, expiration or surrender of, or the loss of any material benefit under, or reasonably be expected
to cause any Governmental Entity to institute proceedings for the suspension, revocation or limitation of rights under, any material Authorization
necessary to conduct its businesses as now being conducted.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">The Company shall, and shall cause each of the Company Subsidiaries to (i)&nbsp;duly and timely file all
Tax Returns required to be filed by it on or after the date hereof and all such Tax Returns will be true, complete and correct in all
material respects; (ii)&nbsp;in a timely manner withhold, collect, remit to the appropriate Governmental Entity and pay all Taxes which
are required by applicable Laws to be withheld, collected, remitted or paid by it to the extent due and payable except for any Taxes contested
in good faith pursuant to applicable Laws; (iii)&nbsp;not make or rescind any material express or deemed election relating to Taxes, except
with the consent of Triple Flag, such consent not to be unreasonably withheld; (iv)&nbsp;not make a request for a Tax ruling or enter
into any agreement with any Governmental Entity or consent to any extension or waiver of any limitation period with respect to Taxes,
except with the consent of Triple Flag, such consent not to be unreasonably withheld; (v)&nbsp;not settle or compromise any claim, action,
suit, litigation, proceeding, arbitration, investigation, audit or controversy relating to Taxes, except with the consent of Triple Flag,
such consent not to be unreasonably withheld; and (vi)&nbsp;not change any of its methods of accounting for income Tax purposes from those
employed in the preparation of its income Tax Returns for the taxation year ended December&nbsp;31, 2022, except as may be required by
applicable Laws or IFRS.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>4.2</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Conduct
of Business of Triple Flag</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Until the earlier of the Effective Time and the time that this Agreement is terminated in accordance with
its terms, except (i)&nbsp;with the prior written consent of the Company, which consent will not be unreasonably withheld, conditioned
or delayed, (ii)&nbsp;as required or permitted by this Agreement, (iii)&nbsp;as required by Law, or (iv)&nbsp;as set out in the Triple
Flag Disclosure Letter, Triple Flag shall, and shall cause each of the Triple Flag Subsidiaries to: (a)&nbsp;conduct its business in the
ordinary course and in accordance with applicable Law, and (b)&nbsp;comply with the terms of all Triple Flag Material Contracts, it being
expressly acknowledged and agreed that all actions taken by Triple Flag in connection with any transaction disclosed in Section&nbsp;4.2(a)&nbsp;of
the Triple Flag Disclosure Letter (the &ldquo;<B>Triple Flag Pending Transactions</B>&rdquo;) shall be regarded as being in the ordinary
course of business of Triple Flag for the purposes of the foregoing.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Without limiting the generality of Section&nbsp;4.2(a)&nbsp;above and except as described in Section&nbsp;4.2(b)&nbsp;of
the Triple Flag Disclosure Letter, Triple Flag will not, directly or indirectly:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">alter or amend the articles, by-laws or other constating documents of Triple Flag or its Subsidiaries;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">split, divide, consolidate, combine or reclassify Triple Flag Common Shares, Triple Flag Preferred Shares
or any other securities of Triple Flag or its Subsidiaries;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->39<!-- Field: /Sequence -->&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">issue, sell, grant, award, pledge, dispose of or otherwise encumber or agree to issue, sell, grant, award,
pledge, dispose of or otherwise encumber any Triple Flag Common Shares or Triple Flag Preferred Shares or other equity or voting interests
or any options, stock appreciation rights, warrants, calls, conversion or exchange privileges or rights of any kind to acquire (whether
on exchange, exercise, conversion or otherwise) any Triple Flag Common Shares, Triple Flag Preferred Shares or other equity or voting
interests or other securities or any shares of its Subsidiaries, other than (A)&nbsp;pursuant to the exercise or settlement (as applicable)
of existing incentive securities that are outstanding as of the date of this Agreement in accordance with their terms (as such terms are
disclosed under Section&nbsp;4.2(b)(iii)&nbsp;of the Triple Flag Disclosure Letter), (B)&nbsp;grants of incentive securities in the ordinary
course of business consistent with past practice and (C)&nbsp;shares of Triple Flag Subsidiaries issued to Triple Flag or another Triple
Flag Subsidiary;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">redeem, purchase or otherwise acquire or subject to any Encumbrance, any of its outstanding Triple Flag
Common Shares or Triple Flag Preferred Shares or other securities or securities convertible into or exchangeable or exercisable for Triple
Flag Common Shares or Triple Flag Preferred Shares or any such other securities or any shares or other securities of its Subsidiaries,
other than secondary market purchases of Triple Flag Common Shares in accordance with any normal course issuer bid;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify">amend the terms of any securities of Triple Flag or its Subsidiaries;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(vi)</TD><TD STYLE="text-align: justify">adopt a plan of liquidation or pass any resolution providing for the liquidation or dissolution of Triple
Flag or its Subsidiaries;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(vii)</TD><TD STYLE="text-align: justify">reorganize, amalgamate or merge Triple Flag with any other person and will not cause or permit its Subsidiaries
to reorganize, amalgamate or merge with any other person;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(viii)</TD><TD STYLE="text-align: justify">reduce the stated capital of the Triple Flag Common Shares or declare, set aside or pay any dividend or
other distribution payable in cash, securities, property or otherwise with respect to the Triple Flag Common Shares or the Triple Flag
Preferred Shares, other than the Triple Flag Permitted Dividends;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ix)</TD><TD STYLE="text-align: justify">make any material changes to any of its accounting policies, principles, methods, practices or procedures
(including by adopting any material new accounting policies, principles, methods, practices or procedures), except as disclosed in Triple
Flag Public Disclosure Documents, as required by applicable Laws or under IFRS; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(x)</TD><TD STYLE="text-align: justify">enter into, modify or terminate any Contract or other arrangement with respect to any of the foregoing.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">Except as set out in Section&nbsp;4.2(c)&nbsp;of the Triple Flag Disclosure Letter, Triple Flag will not,
and will not cause or permit its Subsidiaries to, directly or indirectly, except in connection with this Agreement, for a value in excess
of $100,000,000 in the aggregate in respect of any of paragraphs (i)&nbsp;through (ix)&nbsp;below:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">sell, pledge, lease, licence, dispose of, mortgage or encumber or otherwise transfer any assets or properties
of Triple Flag or its Subsidiaries;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">acquire (by merger, amalgamation, consolidation, arrangement or acquisition of shares or other equity
securities or interests or assets or otherwise) or agree to acquire, directly or indirectly, in one transaction of a series of related
transactions, any corporation, partnership, association or other business organization or division thereof or any property or asset, or
make any investment, directly or indirectly, in one transaction or in a series of related transactions, by the purchase of securities,
contribution of capital, property transfer, or purchase of any property or assets of any other person;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">incur any capital expenditures, enter into any agreement obligating Triple Flag or its Subsidiaries to
provide for future capital expenditures or, except as may be necessary or desirable to satisfy its obligations pursuant to Section&nbsp;2.10
of this Agreement, incur any indebtedness (including the making of any payments in respect thereof, including any premiums or penalties
thereon or fees in respect thereof) or issue any debt securities, or assume, guarantee, endorse or otherwise as an accommodation become
responsible for the obligations of any other person, or make any loans or advances;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">except for payments pursuant to the Triple Flag Credit Agreement, pay, discharge or satisfy any Liability
or obligation prior to the same being due, other than the payment, discharge or satisfaction, in the ordinary course of business, of Liabilities
reflected or reserved against in Triple Flag Financial Statements, or voluntarily waive, release, assign, settle or compromise any proceeding;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify">settle or compromise any action, claim or other proceeding (i)&nbsp;relating to litigation, or (ii)&nbsp;brought
by any present, former or purported holder of its securities in connection with the transactions contemplated by this Agreement or the
Arrangement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(vi)</TD><TD STYLE="text-align: justify">engage in any new business, enterprise or other activity that is inconsistent with the existing businesses
of Triple Flag in the manner such existing businesses generally have been carried on or (as disclosed in the Triple Flag Public Disclosure
Documents) planned or proposed to be carried on prior to the date of this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(vii)</TD><TD STYLE="text-align: justify">except in connection with matters otherwise permitted under this Section&nbsp;4.2, enter into any Contract
that, if entered into prior to the date hereof, would be a Triple Flag Material Contract, or terminate, cancel, extend, renew or amend,
modify or change any Triple Flag Material Contract, or waive, release, or assign any material rights or claims thereto or thereunder;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(viii)</TD><TD STYLE="text-align: justify">make any loan to any officer, director, employee or consultant of Triple Flag or its Subsidiaries; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ix)</TD><TD STYLE="text-align: justify">authorize any of the foregoing, or enter into or modify any Contract to do any of the foregoing;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">Triple Flag will not, and will not cause or permit its Subsidiaries to, directly or indirectly, except
in the ordinary course of business:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">terminate, fail to renew, cancel, waive, release, grant or transfer any rights that are material to Triple
Flag; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">enter into any Contract or other arrangement containing any provision restricting or triggered by the
transactions contemplated herein.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">Triple Flag will use its commercially reasonable efforts to cause the current insurance (or re-insurance)
policies maintained by Triple Flag and its Subsidiaries, including directors&rsquo; and officers&rsquo; insurance, not to be cancelled,
terminated, amended or modified and to prevent any of the coverage thereunder from lapsing, unless at the time of such termination, cancellation
or lapse, replacement policies underwritten by insurance or re-insurance companies of nationally recognized standing having comparable
deductions and providing coverage comparable to or greater than the coverage under the cancelled, terminated or lapsed policies for substantially
similar premiums are in full force and effect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">Neither Triple Flag nor its Subsidiaries will make an application to amend, terminate, allow to expire
or lapse or otherwise modify any of its Authorizations or take any action or fail to take any action which action or failure to act would
result in the material loss, expiration or surrender of, or the loss of any material benefit under, or reasonably be expected to cause
any Governmental Entity to institute proceedings for the suspension, revocation or limitation of rights under, any material Authorization
necessary to conduct its businesses as now being conducted.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: justify">Triple Flag will not, and will not cause or permit its Subsidiaries to, enter into or renew any Contract
or other arrangement that would reasonably be expected to prevent or significantly impede or materially delay the completion of the Arrangement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: justify">Triple Flag and its Subsidiaries will (i)&nbsp;duly and timely file all Tax Returns required to be filed
by it on or after the date hereof and all such Tax Returns will be true, complete and correct in all material respects and (ii)&nbsp;timely
withhold, collect, remit and pay all Taxes which are to be withheld, collected, remitted or paid by it to the extent due and payable except
for any Taxes contested in good faith pursuant to applicable Laws, and Triple Flag will not (A)&nbsp;change its tax accounting methods,
principles or practices, except insofar as may have been required by a change in IFRS or applicable Law, (B)&nbsp;settle, compromise or
agree to the entry of judgment with respect to any action, claim or other proceeding relating to Taxes, (other than the payment, discharge
or satisfaction of liabilities reflected or reserved against in Triple Flag Financial Statements) (C)&nbsp;enter into any tax sharing,
tax allocation or tax indemnification agreement, (D)&nbsp;make a request for a tax ruling to any Governmental Entity, or (E)&nbsp;agree
to any extension or waiver of the limitation period relating to any material Tax claim or assessment or reassessment.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>4.3</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Covenants
of the Company Regarding the Arrangement</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Subject to the terms and conditions of this Agreement, the Company shall and shall cause its Subsidiaries
to perform all obligations required to be performed by the Company under this Agreement, cooperate with Triple Flag in connection therewith,
and use commercially reasonable efforts to do such other acts and things as may be necessary or desirable in order to complete the Arrangement
and the other transactions contemplated hereby, including (without limiting the obligations of the Company in Article&nbsp;2):</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">using its commercially reasonable efforts to obtain all necessary waivers, consents and approvals and
give any notices required by the Company and its Subsidiaries from other parties to any Company Material Contracts in order to complete
the Arrangement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">obtain all consents, approvals and authorizations as are required to be obtained by the Company or any
of the Company Subsidiaries under any applicable Laws or from any Governmental Entity that would, if not obtained, materially impede the
completion of the transactions contemplated by this Agreement or have a Material Adverse Effect on Triple Flag, including the HSR Act
Approval and the Competition Act Approval;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">effect all necessary registrations, filings and submissions of information required by Governmental Entities
to be effected by it in connection with the transactions contemplated by this Agreement and participate, and appear in any proceedings
of, any Party hereto before any Governmental Entity in connection with the transactions contemplated by this Agreement, including the
HSR Act Approval and the Competition Act Approval;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">upon reasonable consultation with Triple Flag, oppose, or seek to lift or rescind any injunction, restraining
or other order, decree or ruling seeking to restrain, enjoin or otherwise prohibit or adversely affect the consummation of the Arrangement
and defend all lawsuits or other legal, regulatory or other proceedings against the Company challenging or affecting this Agreement or
the completion of the Arrangement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify">cause the issuance of 3(a)(10)&nbsp;Securities pursuant to the Arrangement to be exempt from the registration
requirements of the 1933&nbsp;Act pursuant to the Section&nbsp;3(a)(10)&nbsp;Exemption and in compliance with all applicable U.S. state
securities laws;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(vi)</TD><TD STYLE="text-align: justify">take all such actions, fulfill all conditions and satisfy all provisions of this Agreement and the Plan
of Arrangement required to be taken, fulfilled or satisfied by the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(vii)</TD><TD STYLE="text-align: justify">acting reasonably and in good faith, negotiate and document final versions of all agreements, certificates
or instruments contemplated by this Agreement on the terms and conditions set forth in this Agreement; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(viii)</TD><TD STYLE="text-align: justify">cooperate with Triple Flag in connection with the performance by it of its obligations hereunder, provided
however that the foregoing shall not be construed to obligate the Company to pay or cause to be paid any monies to cause such performance
to occur.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Except as otherwise provided herein, the Company shall furnish promptly to Triple Flag a copy of any filings
made under any applicable Laws and any dealings or communications with any Governmental Entity, Securities Authority, the SEC or any stock
exchange in connection with, or in any way affecting, the transactions contemplated by this Agreement. The Company shall, and shall cause
the Company Subsidiaries to, give Triple Flag and its representatives during normal business hours reasonable access to their premises,
assets, books, records, contracts and personnel and furnish Triple Flag with all such other information as Triple Flag may reasonably
request. No environmental assessment or other intrusive analysis will be conducted by Triple Flag without the prior written consent of
the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">The Company shall not take any action, or refrain from taking any action (subject to commercially reasonable
efforts), or permit any action to be taken or not taken, inconsistent with the provisions of this Agreement or that would reasonably be
expected to materially impede the completion of the transactions contemplated hereby or would render, or that could reasonably be expected
to render, any representation or warranty made by the Company in this Agreement untrue or inaccurate in any material respect at any time
prior to the Effective Time if then made, or that could reasonably be expected to have a Material Adverse Effect on the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">The Company will immediately notify Triple Flag orally and then promptly notify Triple Flag in writing
of (i)&nbsp;any &ldquo;material change&rdquo; (as defined in the Securities Act) in relation to the Company or the Company Subsidiaries,
(ii)&nbsp;any event, circumstance or development that has had or would reasonably be expected to have, individually or in the aggregate,
a Material Adverse Effect, (iii)&nbsp;any breach of this Agreement by the Company, or (iv)&nbsp;any event occurring after the date of
this Agreement that would render a representation or warranty, if made on that date or the Effective Date, inaccurate such that any of
the conditions in Section&nbsp;5.3(a)&nbsp;would not be satisfied.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>4.4</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Covenants
of Triple Flag Regarding the Performance of Obligations</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Subject to the terms and conditions of this Agreement, Triple Flag will perform all obligations required
to be performed by it under this Agreement, cooperate with the Company in connection therewith, and use commercially reasonable efforts
to do such other acts and things as may be necessary or desirable in order to complete the Arrangement and other transactions contemplated
hereby, including:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">subject to the Company&rsquo;s prior review and approval, publicly announcing the execution of this Agreement
and the support of the Triple Flag Board of the Arrangement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">obtain the Triple Flag Shareholder Approval in accordance with the requirements of the TSX;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">cooperating with the Company in connection with, and using its commercially reasonable efforts to assist
the Company in obtaining the waivers, consents and approvals referred to in Section&nbsp;4.3(a)(i), provided, however, that, notwithstanding
anything to the contrary in this Agreement, in connection with obtaining any waiver, consent or approval from any person (other than a
Governmental Entity) with respect to any transaction contemplated by this Agreement, Triple Flag will not be required to pay or commit
to pay to such person whose waiver, consent or approval is being solicited any cash or other consideration, make any commitment or incur
any liability or other obligation;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">obtain all consents, approvals and authorizations as are required to be obtained by Triple Flag or any
Triple Flag Subsidiaries under any applicable Laws or from any Governmental Entity that would, if not obtained, materially impede the
completion of the transactions contemplated by this Agreement or have a Material Adverse Effect on Triple Flag, including the HSR Act
Approval and the Competition Act Approval;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify">effect all necessary registrations, filings and submissions of information required by Governmental Entities
to be effected by it in connection with the transactions contemplated by this Agreement and participate, and appear in any proceedings
of, any Party hereto before any Governmental Entity in connection with the transactions contemplated by this Agreement, including the
HSR Act Approval and the Competition Act Approval;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(vi)</TD><TD STYLE="text-align: justify">oppose, lift or rescind any injunction or restraining order or other order or action challenging or affecting
this Agreement, the transactions contemplated by this Agreement or seeking to stop, or otherwise adversely affecting the ability of the
Parties hereto to consummate, the transactions contemplated hereby;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(vii)</TD><TD STYLE="text-align: justify">cause the issuance of 3(a)(10)&nbsp;Securities pursuant to the Arrangement to be exempt from the registration
requirements of the 1933&nbsp;Act pursuant to the Section&nbsp;3(a)(10)&nbsp;Exemption and in compliance with all applicable U.S. state
securities laws;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(viii)</TD><TD STYLE="text-align: justify">obtain all third-party consents, waivers and approvals and give any notices required under any of Triple
Flag Material Contracts;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ix)</TD><TD STYLE="text-align: justify">fulfill all conditions and satisfy all provisions of this Agreement and the Plan of Arrangement required
to be fulfilled or satisfied by Triple Flag;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(x)</TD><TD STYLE="text-align: justify">acting reasonably and in good faith, negotiate and document final versions of all agreements, certificates
or instruments contemplated by this Agreement on the terms and conditions set forth in this Agreement; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(xi)</TD><TD STYLE="text-align: justify">cooperate with the Company in connection with the performance by the Company of its obligations hereunder,
provided however that the foregoing shall not be construed to obligate Triple Flag to pay or cause to be paid any monies to cause such
performance to occur.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Except as otherwise provided herein, Triple Flag shall furnish promptly to the Company a copy of any filings
made under any applicable Laws and any dealings or communications with any Governmental Entity, Securities Authority, the SEC or any stock
exchange in connection with, or in any way affecting, the transactions contemplated by this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">Triple Flag shall not take any action, or refrain from taking any action (subject to commercially reasonable
efforts), or permit any action to be taken or not taken, inconsistent with the provisions of this Agreement or that would reasonably be
expected to materially impede the completion of the transactions contemplated hereby or would render, or that could reasonably be expected
to render, any representation or warranty made by Triple Flag in this Agreement untrue or inaccurate in any material respect at any time
prior to the Effective Time if then made or that could reasonably be expected to have a Material Adverse Effect on Triple Flag.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">Triple Flag will immediately notify the Company orally and then promptly notify the Company in writing
of (i)&nbsp;any &ldquo;material change&rdquo; (as defined in the Securities Act) in relation to Triple Flag or its Subsidiaries, (ii)&nbsp;any
event, circumstance or development that has had or would reasonably be expected to have, individually or in the aggregate, a Material
Adverse Effect, (iii)&nbsp;any breach of this Agreement by Triple Flag, or (iv)&nbsp;any event occurring after the date of this Agreement
that would render a representation or warranty, if made on that date or the Effective Date, inaccurate such that any of the conditions
in Section&nbsp;5.2(b)&nbsp;would not be satisfied.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>4.5</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Regulatory
Approvals</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">As soon as reasonably practicable, and in any event no later than ten (10)&nbsp;Business Days from the
date of this Agreement, Triple Flag shall file with the Commissioner a submission in support of a request for an ARC or, in the event
that the Commissioner will not issue an ARC, a No-Action Letter in respect of the transactions contemplated by this Agreement. If an ARC
or No-Action Letter shall not have been obtained within eight (8)&nbsp;calendar days after the filing thereof, Triple Flag or the Company
may at any time thereafter prior to the Effective Date, acting reasonably, notify the other Party that it intends to file a notification
pursuant to subsection 114(1)&nbsp;of the Competition Act, in which case Triple Flag and the Company shall each file their respective
notifications pursuant to subsection 114(1)&nbsp;of the Competition Act as promptly as practicable but in any event within ten (10)&nbsp;Business
Days following the date Triple Flag or the Company, as applicable, notified the other Party of its intention to file a notification.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">As soon as reasonably practicable, and in any event no later than ten (10)&nbsp;Business Days from the
date of this Agreement, (a)&nbsp;the Company shall file a Notification and Report Form&nbsp;in accordance with the HSR Act; and (b)&nbsp;Triple
Flag shall use commercially reasonable efforts to cause the Triple Flag Principal Shareholders or the entity controlling the Triple Flag
Principal Shareholders for purposes of the HSR Act to file a Notification and Report Form&nbsp;in accordance with the HSR Act.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">Triple Flag and the Company shall, from and after the date of this Agreement, work together to determine
whether, in addition to the necessary conditional approvals and equivalent approvals, as the case may be, of the TSX, the NYSE and the
NYSE American, and the HSR Act Approval and the Competition Act Approval, any material licenses, permits or approvals (other than the
Interim Order and the Final Order) are required from any Governmental Entity or under any applicable Laws relating to the business and
operations of the Company or Triple Flag (collectively, the &ldquo;<B>Transaction Regulatory Approvals</B>&rdquo;) in order to consummate
the transactions contemplated by this Agreement. In the event any such determination is made, Triple Flag and the Company shall use commercially
reasonable efforts to apply for and obtain any such Transaction Regulatory Approvals as soon as reasonably practicable, in accordance
with Section&nbsp;4.5(d). Triple Flag shall be responsible for the payment of any filing fees required to be paid in connection with any
filing made in respect of the Transaction Regulatory Approvals, as applicable. The Company shall cooperate and collaborate with Triple
Flag with respect to documentation required to be prepared in connection with such filings and the Company&rsquo;s costs of such cooperation
and collaboration shall be borne by the Company. Without limiting the generality of the foregoing, each of the Company and Triple Flag
agrees to cooperate with the other Party in taking, or causing to be taken, all actions necessary to delist the Company Common Shares
from the TSX and the NYSE American as promptly as practicable following the Effective Time (including, if requested by Triple Flag, such
items as may be necessary to delist the Company Common Shares on the Effective Date).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">Each of Triple Flag and the Company shall use its commercially reasonable efforts to:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">obtain the Transaction Regulatory Approvals at the earliest possible date. For greater certainty, but
without limiting the generality of the foregoing, the Parties shall request that the Transaction Regulatory Approvals be processed by
the applicable Governmental Entity on an expedited basis and, to the extent that a public hearing is held, the Parties shall request the
earliest possible hearing date for the consideration of the Transaction Regulatory Approvals;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">respond promptly to any request for additional information or documentary materials made by any Governmental
Entity in connection with the Transaction Regulatory Approvals; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">make such further filings as may be necessary, proper or advisable in connection therewith.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">The Parties shall cooperate with each other in connection with the preparation and submission of all applications,
notices, filings, submissions, undertakings, correspondence and communications of any nature (including responses to requests for information
and inquiries from any Governmental Entity) as may be or become necessary or desirable pertaining to the Transaction Regulatory Approvals
in connection with the completion of the transactions contemplated herein. Triple Flag and the Company shall each furnish to the other
Party such information and assistance as a Party may reasonably request from another Party in order to obtain the Transaction Regulatory
Approvals.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">Each Party shall:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">promptly inform the other Party of any material communication received by that Party from any Governmental
Entity in respect of obtaining or concluding the Transaction Regulatory Approvals;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">use reasonable commercial efforts to respond promptly to any request or notice from any Governmental Entity
requiring the Parties, or any one of them, to supply additional information that is relevant to the review of the transactions contemplated
by this Agreement in respect of obtaining or concluding the Transaction Regulatory Approvals;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">permit the other Party to review in advance any proposed applications, notices, filings, submissions,
undertakings, correspondence and communications of any nature (including responses to requests for information and inquiries from any
Governmental Entity) in respect of obtaining the Transaction Regulatory Approvals and shall provide the other Party a reasonable opportunity
to comment thereon and agree to consider those comments in good faith;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">promptly provide the other Party with copies of any applications, notices, filings, submissions, undertakings,
correspondence and communications of any nature (including responses to requests for information and inquiries from any Governmental Entity)
that were submitted to a Governmental Entity in respect of obtaining the Transaction Regulatory Approvals;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify">not participate in any substantive meeting or discussion (whether in person, by telephone or otherwise)
with a Governmental Entity in respect of this Agreement, the Arrangement or obtaining the Transaction Regulatory Approvals, unless it
consults with the other Party in advance and, subject to any objection expressed by a Governmental Entity, gives the other Party or its
external counsel the opportunity to attend and participate thereat; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(vi)</TD><TD STYLE="text-align: justify">keep the other Parties informed of the status of discussions relating to obtaining the Transaction Regulatory
Approvals.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: justify">Notwithstanding any requirement in this Section&nbsp;4.5 in connection with obtaining the Transaction
Regulatory Approvals, where a Party (in this Section&nbsp;4.5 only, a &ldquo;<B>Disclosing Party</B>&rdquo;) is required under this Section&nbsp;4.5
to provide information to another Party (a &ldquo;<B>Receiving Party</B>&rdquo;) that the Disclosing Party deems to be competitively sensitive
information, the Disclosing Party may restrict the provision of such competitively sensitive information to only the external legal counsel
of the Receiving Party, provided that the Disclosing Party also provides a redacted version of any such application, notice, filing, submissions,
undertakings, correspondence or communications (including responses to requests for information and inquiries from any Governmental Entity).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: justify">Notwithstanding anything in this Section&nbsp;4.5, in the event of a disagreement between Triple Flag
and the Company over strategy or the contents of any applications, notices, filings, submissions, undertakings, correspondence or communications
of any nature (including responses to requests for information and inquiries from any Governmental Entity) in connection with obtaining
the Transaction Regulatory Approvals, Triple Flag shall be entitled to set the strategy or contents.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">The obligation of Triple Flag and the Company to use their respective commercially reasonable efforts
to obtain the Transaction Regulatory Approvals does not require Triple Flag or the Company (or any affiliate thereof) to undertake any
divestiture of any business, business segment or assets of Triple Flag or the Company, to agree to any material operating restrictions
related thereto or to incur any material expenditure(s)&nbsp;related therewith, unless agreed to by both Triple Flag and the Company.
In connection with obtaining the Transaction Regulatory Approvals, neither the Company nor any affiliate thereof shall agree to any of
the foregoing items without the prior written consent of Triple Flag.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>4.6</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Sanctions</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">If, at any time following the
date of this Agreement, there are any changes under Sanctions or other applicable Laws which would preclude the Company or, upon completion
of the Arrangement, would reasonably be expected to preclude Triple Flag, in the absence of licensing, from holding the Omolon Interests
or result in the Company or any Company Subsidiary or, upon completion of the Arrangement, Triple Flag or any Triple Flag Subsidiary,
becoming a Sanctioned Entity, then the Company shall promptly inform Triple Flag of such changes and Triple Flag shall have the right,
exercisable at any time prior to the Effective Date, to require the Company to terminate its interest in the Omolon Interests as a condition
to Closing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>4.7</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Indemnification
and Insurance</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Triple Flag agrees that all rights to indemnification or exculpation now existing in favour of current
and former directors or officers of the Company and any of the Company Subsidiaries as provided in the articles and by-laws thereof, or
in any agreement, and the directors&rsquo; and officers&rsquo; liability insurance referred to in Section&nbsp;4.7(c), shall survive the
completion of the Arrangement and shall continue in full force and effect for a period of not less than six years from the Effective Date.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">The Company shall act as agent and trustee of the benefits of the foregoing for such directors and officers
for the purpose of this Section&nbsp;4.7 and this Section&nbsp;4.7 shall survive the execution and delivery of this Agreement and the
completion of the Arrangement and shall be enforceable against Triple Flag and Triple Flag Subsidiaries by the Persons described in Section&nbsp;4.7(a)&nbsp;hereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">Prior to the Effective Date, the Company may arrange and pay for directors&rsquo; and officers&rsquo;
liability &ldquo;run-off&rdquo; insurance coverage for a term of six years in favour of its current and former directors and officers,
for a total cost not to exceed US$2,000,000 (unless such additional amount is approved in writing by Triple Flag).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>4.8</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Access
to Information; Confidentiality</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">From the date hereof until the earlier of the Effective Time and the termination of this Agreement, subject
to Law and the terms of any existing Contracts, in each case solely for the purpose of furthering the consummation of the transactions
contemplated by this Agreement (and integration activities related thereto), each Party shall: (a)&nbsp;give the other Party and the Company
Representatives or Triple Flag Representatives, as applicable, upon reasonable notice, reasonable access during normal business hours
to its and its Subsidiaries&rsquo; (i)&nbsp;premises, (ii)&nbsp;property and assets (including all books and records, whether retained
internally or otherwise), (iii)&nbsp;material Contracts, and (iv)&nbsp;senior personnel so long as the access does not unduly interfere
with the ordinary course conduct of the business of such Party; (b)&nbsp;furnish to the other Party and the Company Representatives or
Triple Flag Representatives, as applicable, such financial and operating data and other information with respect to the assets or business
of such Party and any of its Subsidiaries as it may reasonably request, provided that no investigation pursuant to this Section&nbsp;4.8
shall affect or be deemed to modify any representation or warranty made by a Party herein; and (c)&nbsp;instruct the Company Representatives
or Triple Flag Representatives, as applicable, to cooperate with the other Party and the Company Representatives and Triple Flag Representatives,
as applicable in respect of (a)&nbsp;and (b), but subject to the Confidentiality Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Notwithstanding any provision of this Agreement, no Party shall be obligated to provide access to, or
to disclose, any information if such Party reasonably determines that such access or disclosure would jeopardize any solicitor-client
or other privilege claim by the Party or its Subsidiaries provided that, to the extent any information is withheld due to a potential
waiver of such privilege, the Party shall notify the other Party of the nature of the information which is being withheld and the basis
for privilege and shall use its commercially reasonable efforts to find a way to allow disclosure of such information, including entering
into common interest privilege agreements or other arrangements, as appropriate.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">Investigations made by or on behalf of a Party, whether under this Section&nbsp;4.8 or otherwise, will
not waive, diminish the scope of, or otherwise affect any representation or warranty made by such Party in this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">The Parties acknowledges that the Confidentiality Agreement and any common interest privilege agreement
or other arrangement referred to in Section&nbsp;4.8(b)&nbsp;continue to apply and that all information provided under this Section&nbsp;4.8
shall be subject to the terms thereof on the same basis as if such information had been disclosed under such agreement or arrangement.
For the avoidance of doubt, if this Agreement is terminated in accordance with its terms, the obligations of the Parties and their respective
affiliates under the Confidentiality Agreement and any common interest privilege agreement or other arrangement referred to in Section&nbsp;4.8(b)&nbsp;shall
survive the termination of this Agreement in accordance with the terms thereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&nbsp;5<BR>
CONDITIONS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>5.1</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Mutual
Conditions</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The respective obligations of
Triple Flag and the Company to complete the Arrangement are subject to the fulfillment of the following conditions at or before the Outside
Date or such other time as is specified below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">each of the Interim Order and the Final Order shall have been granted in form and substance satisfactory
to Triple Flag and the Company, each acting reasonably, and shall not have been set aside or modified in a manner unacceptable to Triple
Flag or the Company, each acting reasonably, on appeal or otherwise;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">the Arrangement Resolution shall have been passed by the Company Shareholders at the Company Meeting in
accordance with the Interim Order;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">the Triple Flag Shareholder Approval shall have been obtained;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">the TSX and the NYSE shall have conditionally approved the listing thereon of Triple Flag Common Shares
to be issued pursuant to the Arrangement, subject to official notice of issuance and satisfaction of the condition set forth in Section&nbsp;5.1(c)&nbsp;above;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">there shall not be in force any Laws, ruling, order or decree, and there shall not have been any action
taken under any Laws or by any Governmental Entity or other regulatory authority, that makes it illegal or otherwise directly or indirectly
restrains, enjoins or prohibits the consummation of the Arrangement in accordance with the terms hereof or results or could reasonably
be expected to result in a judgment, order, decree or assessment of damages, directly or indirectly, relating to the Arrangement that
has, or could reasonably be expected to have, a Material Adverse Effect on Triple Flag or the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">(A)&nbsp;all consents, waivers, permits, exemptions, orders and approvals of, and any registrations and
filings with, any Governmental Entity, in connection with, or required to permit, the completion of the Arrangement including the Laws
of any jurisdiction which Triple Flag and the Company reasonably determine to be applicable, including the HSR Act Approval and the Competition
Act Approval, and (B)&nbsp;all third Person and other consents, waivers, permits, exemptions, orders, approvals, agreements and amendments
and modifications to agreements, indentures or arrangements, the failure of which to obtain or the non-expiry of which would, or could
reasonably be expected to, have a Material Adverse Effect on Triple Flag or the Company or materially impede the completion of the Arrangement,
shall have been obtained or received on terms that are satisfactory to Triple Flag and the Company, each acting reasonably;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: justify">the distribution of Triple Flag Common Shares in Canada pursuant to the Arrangement shall be exempt from,
or otherwise not subject to, registration and prospectus requirements of applicable Canadian securities Laws and, except with respect
to Persons deemed to be &ldquo;control persons&rdquo; or the equivalent under applicable securities Laws, Triple Flag Common Shares to
be distributed in Canada pursuant to the Arrangement shall not be subject to any resale restrictions under applicable Canadian securities
Laws; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: justify">this Agreement shall not have been terminated pursuant to Section&nbsp;7.2 hereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The foregoing conditions are for the mutual benefit
of Triple Flag and the Company and may be waived by mutual consent of Triple Flag and the Company in writing at any time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>5.2</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Company
Conditions</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">The obligation of the Company
to complete the Arrangement is subject to the fulfillment of the following additional conditions at or before the Outside Date or such
other time as is specified below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">(i)&nbsp;the representations and warranties made by Triple Flag set forth in Sections (1), (3), (7)&nbsp;and
(8)&nbsp;of Schedule&nbsp;D shall be true and correct in all respects as of the Effective Date, as though made on and as of the Effective
Date (except for representations and warranties made as of a specified date, the accuracy of which shall be determined as of that specified
date), and (ii)&nbsp;other than those representations and warranties set forth in (i), all other representations and warranties made by
Triple Flag in Schedule&nbsp;D shall be true and correct in all respects (disregarding for this purpose all materiality or Material Adverse
Effect qualifications contained therein) as of the Effective Date, as though made on and as of the Effective Date (except for representations
and warranties made as of a specified date, the accuracy of which shall be determined as of that specified date) except to the extent
that the failure or failures of such representations and warranties to be so true and correct in all respects, individually or in the
aggregate, would not result in a Material Adverse Effect; and the Company shall have received a certificate of Triple Flag addressed to
the Company and dated the Effective Date, signed on behalf of Triple Flag by a senior executive officer of Triple Flag (on Triple Flag&rsquo;s
behalf and without personal liability), confirming the same as at the Effective Date;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">from the date of this Agreement to the Effective Date, there shall not have occurred, and Triple Flag
or any of Triple Flag Subsidiaries shall not have incurred or suffered, any one or more changes, effects, events, occurrences or states
of facts that, either individually or in the aggregate, have, or could reasonably be expected to have, a Material Adverse Effect on Triple
Flag;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">Triple Flag shall have complied in all material respects with its covenants herein and the Company shall
have received a certificate of Triple Flag addressed to the Company and dated the Effective Date, signed on behalf of Triple Flag by a
senior executive officer of Triple Flag (on Triple Flag&rsquo;s behalf and without personal liability), confirming the same as at the
Effective Date; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">Triple Flag shall have amended the Triple Flag Investor Rights Agreement in the form appended as Schedule
E hereto.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The foregoing conditions are for the benefit of
the Company and may be waived, in whole or in part, by the Company in writing at any time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>5.3</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Triple
Flag Conditions</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">The obligation of Triple Flag
to complete the Arrangement is subject to the fulfillment of the following additional conditions at or before the Outside Date or such
other time as is specified below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">(i)&nbsp;the representations and warranties made by the Company set forth in Sections&nbsp;(1), (2)(a),
(3), (7), (8), (9)&nbsp;and (42) of Schedule&nbsp;C shall be true and correct in all respects as of the Effective Date, as though made
on and as of the Effective Date (except for representations and warranties made as of a specified date, the accuracy of which shall be
determined as of that specified date), and (ii)&nbsp;other than those representations and warranties set forth in (i), all other representations
and warranties made by the Company in Schedule&nbsp;C shall be true and correct in all respects (disregarding for this purpose all materiality
or Material Adverse Effect qualifications contained therein) as of the Effective Date, as though made on and as of the Effective Date
(except for representations and warranties made as of a specified date, the accuracy of which shall be determined as of that specified
date) except to the extent that the failure or failures of such representations and warranties to be so true and correct in all respects,
individually or in the aggregate, would not result in a Material Adverse Effect; and Triple Flag shall have received a certificate of
the Company addressed to Triple Flag and dated the Effective Date, signed on behalf of the Company by a senior executive officer of the
Company (on the Company&rsquo;s behalf and without personal liability), confirming the same as at the Effective Date;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">from the date of this Agreement to the Effective Date, there shall not have occurred, and the Company
shall not have incurred or suffered, any one or more changes, effects, events, occurrences or states of facts that, either individually
or in the aggregate, have, or could reasonably be expected to have, a Material Adverse Effect on the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">the Company shall have complied in all material respects with its covenants herein and Triple Flag shall
have received a certificate of the Company addressed to Triple Flag and dated the Effective Date, signed on behalf of the Company by a
senior executive officer of the Company (on the Company&rsquo;s behalf and without personal liability), confirming the same as at the
Effective Date;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">holders of not greater than 5% of the outstanding the Company Common Shares shall have exercised Dissent
Rights that have not been withdrawn as of the Effective Date;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">the Company shall have delivered the Payout Letters and evidence reasonably satisfactory to Triple Flag
of the release and valid discharge of all Encumbrances (or will be released and discharged concurrently with the closing of the Arrangement),
other than Company Permitted Encumbrances; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">if required by Triple Flag in accordance with Section&nbsp;4.6, the Company shall have terminated its
interest in the Omolon Interests.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The foregoing conditions are for the benefit of
Triple Flag and may be waived, in whole or in part, by Triple Flag in writing at any time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>5.4</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Notice
and Cure Provisions</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">Each Party hereto shall give
prompt written notice to the other of the occurrence, or failure to occur, at any time from the date hereof until the Effective Date,
of any event or state of facts which occurrence or failure would, or would be reasonably be expected to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">cause any of the representations or warranties of such Party hereto contained herein to be untrue or inaccurate
in any material respect on the date hereof or on the Effective Date;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">result in the failure, in any material respect, to comply with or satisfy any covenant, or agreement to
be complied with or satisfied by such Party hereto under this Agreement; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">result in the failure, in any material respect, to satisfy any of the conditions precedent in favour of
the other Party hereto contained in Section&nbsp;5.1, Section&nbsp;5.2 or Section&nbsp;5.3 hereof, as the case may be.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notification provided under this Section&nbsp;5.4
will not affect the representations, warranties, covenants, agreements or obligations of the Parties (or remedies with respect thereto)
or the conditions to the obligations of the Parties under this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Except as provided herein, a Party hereto may
elect not to complete the transactions contemplated hereby by virtue of the conditions contained in Section&nbsp;5.1, Section&nbsp;5.2
or Section&nbsp;5.3 hereof not being satisfied or waived or the exercise of any termination right arising therefrom; provided, however,
that (i)&nbsp;promptly and in any event prior to the Outside Date, the Party hereto intending to rely thereon has delivered a written
notice to the other Party specifying in reasonable detail the breaches of covenants or untruthfulness or inaccuracy of representations
and warranties or other matters that the Party delivering such notice is asserting as the basis for the exercise of the termination right,
as the case may be, and (ii)&nbsp;if any such notice is delivered, and a Party is proceeding diligently, at its own expense, to cure such
matter, if such matter is susceptible to being cured, the Party hereto that has delivered such notice may not terminate this Agreement
until the earlier of the Outside Date and the expiration of a period of 15 days from date of delivery of such notice. If such notice has
been delivered prior to the date of the Company Meeting, the Company Meeting shall be adjourned or postponed until the expiry of such
period. Notwithstanding the foregoing, if Triple Flag has delivered a written notice under this Section&nbsp;5.4 with respect to a failure
to satisfy the condition precedent contained in Section&nbsp;5.3(f), provided the Company is working diligently to cure such failure,
Triple Flag may not terminate this Agreement for such failure until the Outside Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>5.5</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Merger
of Conditions</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">The conditions set out in Section&nbsp;5.1,
Section&nbsp;5.2 and Section&nbsp;5.3 hereof shall be conclusively deemed to have been satisfied, fulfilled or waived upon the issuance
of the Certificate of Arrangement by the Director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&nbsp;6<BR>
NON-SOLICITATION AND termination FEES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>6.1</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Covenant
Regarding Non-Solicitation of the Company</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Subject to the provisions of this Article&nbsp;6, the Company shall not, directly or indirectly, through
any officer, director, employee, representative, advisor or agent of the Company or any of the Company Subsidiaries (collectively, the
 &ldquo;<B>Company Representatives</B>&rdquo;), or otherwise, and the Company shall cause the Company Subsidiaries and their respective
Company Representatives not to:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">solicit, initiate, knowingly encourage or otherwise facilitate (including by way of furnishing or providing
copies of, access to or disclosure information, knowingly permitting any visit to facilities or properties of the Company or any of the
Company Subsidiaries or Triple Flag or any of Triple Flag Subsidiaries, as applicable, or entering into any form of agreement, arrangement
or understanding) any inquiry, proposal, expression of interest or offer that constitutes or that may reasonably be expected to lead to
a Company Acquisition Proposal;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">participate, directly or indirectly, in any discussions or negotiations regarding any inquiry, proposal,
expression of interest or offer that constitutes or that may reasonably be expected to lead to a Company Acquisition Proposal (provided
that the Company or the Company Representatives may advise any Person making an unsolicited Company Acquisition Proposal that such Company
Acquisition Proposal does not constitute a Company Superior Proposal if the Company Board has so determined in compliance with the terms
of this Article&nbsp;6) or otherwise cooperate with or assist any effort or attempt to make any Company Acquisition Proposal;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">take no position or remain neutral with respect to, agree to, approve or recommend, or propose publicly
to take no position or remain neutral with respect to, agree to, approve or recommend any Company Acquisition Proposal (it being understood
that publicly taking no position or a neutral position with respect to a Company Acquisition Proposal for a period ending not later than
the end of the third Business Day following the public commencement of such Company Acquisition Proposal shall not be considered a violation
of this Section&nbsp;6.1(a)(iii)) provided that the Company Board has rejected such Company Acquisition Proposal, and affirmed its recommendation
to all the Company Shareholders that they vote in favour of the Arrangement Resolution before the end of such third Business Day (or in
the event that the Company Meeting is scheduled to occur within such three Business Day period, prior to the end of the second Business
Day prior to the date of the Company Meeting);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">make, or propose publicly to make, a Company Change in Recommendation; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify">accept, enter into, or propose publicly to accept or enter into, any letter of intent, agreement, understanding
or arrangement related to any Company Acquisition Proposal;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">The Company shall, and shall cause the Company Subsidiaries, and their respective Company Representatives
to, immediately terminate and cease any discussions or negotiations with any parties (other than Triple Flag and the Triple Flag Representatives)
with respect to any proposal that constitutes, or may reasonably be expected to constitute, a Company Acquisition Proposal. The Company
shall, and shall cause the Company Subsidiaries and their respective Company Representatives to: (i)&nbsp;discontinue or not allow access
to any of the Company&rsquo;s or the Company Subsidiaries&rsquo; confidential information to any third party and (ii)&nbsp;within one
Business Day following the date of this Agreement, request the return or destruction of all information provided to any third party that
has entered into a confidentiality agreement with the Company or any Company Subsidiary relating to a potential Company Acquisition Proposal
to the extent that such information has not previously been returned or destroyed, and shall use all commercially reasonable efforts to
ensure that such requests are honoured. The Company agrees not to, and shall cause the Company Subsidiaries and their respective Company
Representatives not to: (A)&nbsp;release any third party from any confidentiality obligations contained in any agreement relating to a
potential Company Acquisition Proposal to which such third party is a party; or (B)&nbsp;waive any provision of, or release or terminate,
any non-solicitation, standstill or purpose or use agreement or provision or similar agreements, provisions or restrictions contained
in any confidentiality, non-disclosure, standstill or other agreements without the prior written consent of Triple Flag (which may be
withheld or delayed in Triple Flag&rsquo;s sole and absolute discretion). The Company also agrees not to, and to cause the Company Subsidiaries
not to, amend, modify or waive any such confidentiality, non-solicitation or standstill agreement or provision and undertakes to enforce,
or cause the Company Subsidiaries to enforce, such agreements and provisions.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">The Company shall notify Triple Flag, at first orally and then, as soon as possible thereafter, in writing,
promptly and, in any event, within forty eight (48) hours of the receipt by it, a Company Subsidiary or any of its respective Company
Representatives, of any Company Acquisition Proposal, or any amendment thereto, or any request for non-public information relating to
the Company or any of the Company Subsidiaries in connection with any potential Company Acquisition Proposal or for access to the properties,
books or records of the Company or any of the Company Subsidiaries by any Person (other than in the ordinary course of business and unrelated
to any potential Company Acquisition Proposal). Such notice shall include a description of the terms and conditions of, and the identity
of the Person making, any Company Acquisition Proposal, amendment or request. The Company shall also promptly provide Triple Flag with
(i)&nbsp;a copy of any written notice or other written communication from any Person informing the Company or any of the Company Subsidiaries
or any of its respective Company Representatives that such Person is considering making, or has made, a Company Acquisition Proposal,
and (ii)&nbsp;a copy of any Company Acquisition Proposal (or any amendment thereto) received by the Company or any of the Company Subsidiaries
or a Company Representative thereof. The Company shall keep Triple Flag informed of the status of any Company Acquisition Proposal and
keep Triple Flag fully informed as to the material details of all discussions or negotiations with respect thereto.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">If the Company is in compliance with its obligations under Sections&nbsp;6.1(a)&nbsp;through (c)&nbsp;and
receives a request for material non-public information from a Person who is considering making or has made a written Company Acquisition
Proposal (the existence and content of which have been disclosed to the other Party), and the Company Board determines that such proposal
constitutes or may reasonably be expected to lead to a Company Superior Proposal, subject to and as contemplated under this Section&nbsp;6.1,
then, and only in such case, the Company Board may provide such Person with access to information regarding the Company and the Company
Subsidiaries; provided, however, that (i)&nbsp;the Company shall have entered into a confidentiality and standstill agreement with such
Person containing confidentiality, purpose, use, non-solicitation and standstill provisions that are no less restrictive than those contained
in the Confidentiality Agreement (however, such confidentiality and standstill agreement may permit such Person to make a non-public Company
Acquisition Proposal to the Company Board in compliance with the terms of this Agreement); (ii)&nbsp;Triple Flag is provided with a complete
list or copies of any and all information provided to such Person on a timely basis (unless such information was previously provided to
Triple Flag); and (iii)&nbsp;Triple Flag is provided with prompt and similar access to such information (unless such information was previously
provided to Triple Flag).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">The Company shall ensure that the Company Subsidiaries and their respective Company Representatives are
aware of the provisions of this Section&nbsp;6.1, and the Company shall be responsible for any breach of this Section&nbsp;6.1 by the
Company Subsidiaries or their Company Representatives.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">Notwithstanding anything in this Section&nbsp;6.1, but subject to Section&nbsp;6.2 of this Agreement,
the Company Board, and, on the direction of the Company Board any of the Company Representatives may, prior to the date of the Company
Meeting participate, directly or indirectly, in any discussions or negotiations regarding any unsolicited Company Acquisition Proposal
received after the date hereof that constitutes or that may reasonably be expected to lead to a Company Superior Proposal, and the Company
Board may make a Company Change in Recommendation in respect of, approve or recommend to the Company Shareholders, or enter into an agreement,
understanding or arrangement in respect of a Company Superior Proposal in accordance with the provisions of Sections 6.1 and 6.2 but in
each case only if: (I)&nbsp;the Company Acquisition Proposal or the Company Superior Proposal, as applicable, did not result from, or
arise in connection with, a breach of this Agreement by the Company, and the Company is in compliance with its obligations under Article&nbsp;6
of this Agreement or any agreement between the Person making such Company Acquisition Proposal and the Company; (II)&nbsp;the Company
Board unanimously determines in good faith after consulting with outside counsel (which may include opinions or advice, written or otherwise)
that failure to take such action would be inconsistent with the fiduciary duties of the Company Board under applicable Laws; and (III)&nbsp;prior
to entering into substantive discussions or negotiations with or responding to any Person regarding such Company Acquisition Proposal,
the Company notifies Triple Flag of the good faith determination of the Company Board that such Company Acquisition Proposal is or may
reasonably be expected to lead to a Company Superior Proposal.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>6.2</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Notice
of Company Superior Proposal Determination</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Neither the Company nor the Company Board shall accept, approve, recommend or enter into any agreement,
arrangement or understanding in respect of a Company Superior Proposal (other than a confidentiality and standstill agreement contemplated
by Section&nbsp;6.1(d)&nbsp;hereof), unless:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">the Company Meeting has not occurred;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">the Person making the Company Superior Proposal is not restricted from making such Company Superior Proposal
pursuant to an existing confidentiality, non-disclosure, standstill or other similar restriction;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">the Company has complied with its obligations under Section&nbsp;6.1 and the other provisions of this
Article&nbsp;6;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">the Company has provided Triple Flag with written notice promptly following the Company Board&rsquo;s
determination, that (x)&nbsp;the Company Acquisition Proposal constitutes a Company Superior Proposal, and (y)&nbsp;the Company Board
intends to accept, approve, recommend or enter into any agreement with respect to such Company Superior Proposal, and a period (the &ldquo;<B>Triple
Flag Response Period</B>&rdquo;) of five Business Days has elapsed from the date that is the later of: (A)&nbsp;the date on which Triple
Flag receives such written notice; and (B)&nbsp;the date Triple Flag receives from the Company a copy of such Company Superior Proposal
(together with a copy of such agreement and any ancillary agreements including financing documents relating thereto provided to the Company
by the party making such Company Superior Proposal); and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify">this Agreement is terminated pursuant to Section&nbsp;7.2(d)(ii)&nbsp;and the Company has paid the Company
Termination Payment to Triple Flag in accordance with Section&nbsp;7.2(d)(ii).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">During the Triple Flag Response Period (i)&nbsp;Triple Flag shall have the right, but not the obligation,
to propose in writing to amend the terms of this Agreement and the Arrangement and (ii)&nbsp;the Company shall negotiate with Triple Flag
in good faith and in a manner consistent with the fiduciary duties of the Company Board. The Company Board shall review any proposal by
Triple Flag to amend the terms of this Agreement and the Arrangement in order to determine, in good faith and in a manner consistent with
the fiduciary duties of the Company Board whether the proposed amendment by Triple Flag, upon acceptance by the Company, would result
in the Company Acquisition Proposal not being a Company Superior Proposal. If the Company Board so determines, the Company shall enter
into an amended agreement with Triple Flag, reflecting the amended proposal of Triple Flag, and will promptly reaffirm its recommendation
of the Arrangement, as amended.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">Each Party acknowledges and agrees that each successive modification of any Company Acquisition Proposal
shall constitute a new Company Acquisition Proposal for the purposes of this Section&nbsp;6.2 and Triple Flag shall be afforded a new
Triple Flag Response Period, and the rights afforded in this Section&nbsp;6.2 shall apply in respect of each such Company Acquisition
Proposal.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">The Company Board shall promptly reaffirm its unanimous recommendation of the Arrangement by press release
after: (i)&nbsp;the Company Board determines any Company Acquisition Proposal which has been publicly announced is not a Company Superior
Proposal; or (ii)&nbsp;the Company Board determines that a proposed amendment to the terms of this Agreement and the Arrangement would
result in a Company Acquisition Proposal which has been publicly announced not being a Company Superior Proposal, and the Company has
so amended the terms of this Agreement and the Arrangement. Triple Flag and its counsel shall be given a reasonable opportunity to review
and comment on the form and content of any such press release.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">Where at any time before the Company Meeting, the Company has provided Triple Flag with a notice under
Section&nbsp;6.1(c)&nbsp;or Section&nbsp;6.2(a)(iv), or a Company Acquisition Proposal has been publicly disclosed or announced, and,
in the case of Section&nbsp;6.2(a)(iv), the Triple Flag Response Period has not elapsed, then, subject to applicable Laws, at Triple Flag&rsquo;s
request, the Company will postpone or adjourn the Company Meeting at the Company Meeting (but not beforehand without Triple Flag&rsquo;s
consent), to a date acceptable to Triple Flag, acting reasonably, which shall not be less than five days and not more than ten Business
Days after the scheduled date of the Company Meeting, and shall, in the event that Triple Flag and the Company amend the terms of this
Agreement pursuant to Section&nbsp;6.2(b), ensure that the details of such amended Agreement are communicated to the Company Shareholders
prior to the resumption of the adjourned or postponed Company Meeting.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>6.3</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Company
Termination Payment Event</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">In the event that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">this Agreement is terminated by either Party pursuant to Section&nbsp;7.2(b)(i)&nbsp;and prior to such
termination a Company Acquisition Proposal (other than a Company Superior Proposal for which a Company Change in Recommendation has occurred)
is or has been publicly announced, proposed, disclosed, offered or made by any Person other than Triple Flag or its affiliates and not
withdrawn and within twelve months following the date of such termination:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">the Company Board recommends any Company Acquisition Proposal which is subsequently consummated at any
time thereafter (whether or not within such twelve-month period);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">the Company enters into a binding definitive agreement in respect of any Company Acquisition Proposal
which is subsequently consummated at any time thereafter (whether or not within such twelve-month period); or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">any Company Acquisition Proposal is consummated;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify">provided that for purposes of this Section&nbsp;6.3(a),
the term &ldquo;Company Acquisition Proposal&rdquo; shall have the meaning ascribed to such term in Section&nbsp;1.1 except that each
reference to &ldquo;20%&rdquo; therein shall be deemed to be a reference to &ldquo;50%&rdquo;; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">this Agreement is terminated by Triple Flag pursuant to Section&nbsp;7.2(b)(i)&nbsp;and at any time prior
to such termination a Company Change in Recommendation has occurred; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">this Agreement is terminated by Triple Flag pursuant to Section&nbsp;7.2(c)(ii); or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">this Agreement is terminated by Triple Flag pursuant to Section&nbsp;7.2(c)(iii),</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">then the Company shall pay to Triple Flag in any
of the circumstances set forth in Sections&nbsp;6.3(b), 6.3(c)&nbsp;or 6.3(d), at the time of the termination of this Agreement, and,
in the circumstances set forth in Section&nbsp;6.3(a), within one day following the completion of such Company Acquisition Proposal, an
amount in cash equal to US$24,000,000 (the &ldquo;<B>Company Termination Payment</B>&rdquo;), in immediately available funds. In no event
shall the Company be obligated to pay the Company Termination Payment on more than one occasion. The Company hereby acknowledges that
the Company Termination Payment is a payment of liquidated damages which are a genuine pre-estimate of the damages which Triple Flag will
suffer or incur as a result of the event giving rise to such damages and the resultant non-completion of the Arrangement and are not penalties.
The Company hereby irrevocably waives any right it may have to raise as a defence that any such liquidated damages are excessive or punitive.
Upon receipt of payment of the Company Termination Payment by the Company, Triple Flag shall have no further claim against the Company
in respect of the failure to complete the Arrangement, provided that nothing herein shall preclude Triple Flag from seeking injunctive
relief to restrain any breach or threatened breach by the Company of any of its obligations hereunder or otherwise to obtain specific
performance without the necessity of posting bond or security in connection therewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>6.4</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Reimbursement
of Expenses</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Subject to Section&nbsp;6.4(b), in the event of termination of this Agreement by either Triple Flag or
the Company in accordance with Section&nbsp;7.2(b)(i)&nbsp;due to the Company&rsquo;s failure to obtain the approval of the Company Shareholders
of the Arrangement Resolution at the Company Meeting, the Company shall pay, within one Business Day of the termination of this Agreement,
an amount equal to the actual expenses incurred by Triple Flag and the delivery to the Company of reasonable documentation evidencing
such expenses, subject to a maximum amount of $3,000,000, to Triple Flag as reimbursement for actual out-of-pocket costs and expenses
incurred by Triple Flag with respect to the Arrangement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">No amount shall be paid or payable by the Company under this Section&nbsp;6.4 if the Company has paid
the Company Termination Payment payable pursuant to Section&nbsp;6.3.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&nbsp;7<BR>
AMENDMENT AND TERMINATION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>7.1</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Amendment</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">This Agreement may, at any time
and from time to time, be amended by mutual written agreement of the Parties hereto without, subject to applicable Laws, further notice
to or authorization on the part of the Company Shareholders and any such amendment may, without limitation:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">change the time for the performance of any of the obligations or acts of either of the Parties;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">waive any inaccuracies in or modify any representation or warranty contained herein or in any document
delivered pursuant hereto;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">waive compliance with or modify any of the covenants herein contained and waive or modify the performance
of any of the obligations of any of the Parties; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">waive compliance with or modify any condition herein contained;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">provided, however, that notwithstanding the foregoing,
following the Company Meeting, the Exchange Ratio shall not be amended without the approval of (i)&nbsp;the Company Shareholders given
in the same manner as required for the approval of the Arrangement Resolution or as may be ordered by the Court or (ii)&nbsp;the Triple
Flag Shareholders given in the same manner as required for the Triple Flag Shareholder Approval, or (iii)&nbsp;both of them, as the case
may be. This Agreement and the Plan of Arrangement may be amended in accordance with the Final Order, but in the event that the terms
of the Final Order require any such amendment, the rights of the Parties under Sections&nbsp;5.1, 5.2, 5.3, 6.3, 6.4 and Article&nbsp;7
hereof shall remain unaffected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>7.2</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Termination</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">This Agreement may be terminated
at any time prior to the Effective Date:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">by the mutual written agreement of Triple Flag and the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">by either Triple Flag or the Company if:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">the Company Meeting shall have been held and completed and the Arrangement Resolution shall not have been
approved by the Company Shareholders;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">the Triple Flag Shareholder Approval shall not have been obtained;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">the Arrangement shall not have been completed by the Outside Date; provided, however, that the failure
of the Arrangement to be so completed is not the result of the breach of a representation, warranty or covenant by the Party seeking to
terminate this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">after the date of this Agreement, any Law is enacted, made, enforced or amended, as applicable, that makes
the consummation of the Arrangement illegal or otherwise prohibits or enjoins the Company or Triple Flag from consummating the Arrangement,
and such Law has, if applicable, become final and non-appealable, provided that the Party seeking to terminate this Agreement pursuant
to this Section&nbsp;7.2(b)(iv)&nbsp;has used its best efforts to, as applicable, appeal or overturn such Law or otherwise have it lifted
or rendered non-applicable in respect of the Arrangement and provided further that the enactment, making, enforcement or amendment of
such Law was not primarily due to the failure of such Party to perform any of its covenants or agreements under this Agreement; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">by Triple Flag if:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">subject to Section&nbsp;5.4, the Company breaches any of its representations, warranties, covenants or
agreements contained in this Agreement, which breach would give rise to the failure of a condition set forth in Section&nbsp;5.1, 5.2
or 5.3; provided that Triple Flag is not in material breach of its obligations under this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">prior to obtaining the approval of the Arrangement Resolution, the Company Board shall have (i)&nbsp;a
Company Change in Recommendation, unless Triple Flag shall have breached a covenant under this Agreement in such a manner that the Company
would be entitled to terminate this Agreement in accordance with Section&nbsp;7.2(d)(i); (ii)&nbsp;approved or recommended a Company Acquisition
Proposal or entered into a binding written agreement in respect of a Company Acquisition Proposal (other than a confidentiality and standstill
agreement permitted by Section&nbsp;6.1(d)); or (iii)&nbsp;failed to publicly recommend or reaffirm its approval of the Arrangement, after
a Company Acquisition Proposal shall have been made to the Company Shareholders, within five days of any written request by Triple Flag,
acting reasonably (or in the event that the Company Meeting is scheduled to occur within such five-day period, prior to the date of such
Company Meeting);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">if the Company breaches Section&nbsp;6.1 or Section&nbsp;6.2 in any material respect; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">after the date of the Agreement, a Material Adverse Effect in respect of the Company shall have occurred;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">by the Company if:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">subject to Section&nbsp;5.4, Triple Flag breaches any of its representations, warranties, covenants or
agreements contained in this Agreement, which breach would give rise to the failure of a condition set forth in Section&nbsp;5.1, 5.2
or 5.3; provided that the Company is not in material breach of its obligations under this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">the Company Board approves, accepts, authorizes the Company to enter into or enters into any agreement
in respect of the Company Superior Proposal in compliance with Sections&nbsp;6.1 and 6.2 hereof, provided that the Company has paid the
Company Termination Payment to Triple Flag; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">after the date of the Agreement, a Material Adverse Effect in respect of Triple Flag shall have occurred;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">provided that any termination by a Party hereto
in accordance with paragraphs (a)&nbsp;through (d)&nbsp;above shall be made by such Party delivering written notice thereof to the other
Party hereto prior to the Effective Date and specifying therein in reasonable detail the matter or matters giving rise to such termination
right.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>7.3</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Effect
of Termination</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">In the event of termination
of this Agreement by either Triple Flag or the Company as provided in Section&nbsp;7.2, this Agreement shall forthwith become void and
have no further effect, and there shall be no liability or further obligation on the part of Triple Flag or the Company or their respective
officers or directors under the Transaction Documents, except that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">the provisions of Section&nbsp;6.3, Section&nbsp;6.4, Section&nbsp;8.1, Section&nbsp;8.2, Section&nbsp;8.3,
Section&nbsp;8.5, Section&nbsp;8.7, Section&nbsp;8.9, Section&nbsp;8.10 and this Section&nbsp;7.3 shall remain in full force and effect
and shall survive any such termination; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">neither Triple Flag nor the Company shall be released or relieved from any liability arising from any
wilful breach by it of any of its representations, warranties, covenants or agreements as set forth in the Transaction Documents.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&nbsp;8<BR>
GENERAL</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>8.1</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Notices</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">Any notice, consent, waiver,
direction or other communication required or permitted to be given under this Agreement by a Party hereto shall be in writing and shall
be delivered by hand to the Party hereto to which the notice is to be given, sent by electronic mail to the following address, or to such
other address or number as shall be specified by a Party hereto by like notice. Any notice, consent, waiver, direction or other communication
aforesaid shall, if delivered, be deemed to have been given and received on the date on which it was delivered to the address provided
herein (if a Business Day or, if not, then the next succeeding Business Day) and if sent by electronic mail be deemed to have been given
and received at the time of receipt (if a Business Day or, if not, then the next succeeding Business Day) unless actually received after
5:00 p.m.&nbsp;(Toronto time) at the point of delivery in which case it shall be deemed to have been given and received on the next Business
Day.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">The addresses and numbers for
service of each of the Parties hereto shall be as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">if to the Company:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Maverix Metals Inc.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">575 &ndash; 510 Burrard Street<BR>
Vancouver, BCV6C 3A8</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Attention:</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Dan
O&rsquo;Flaherty, Chief Financial Officer&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Email:</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">[Redacted: Personal Information]</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">With a copy (which shall not constitute
notice) to:</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">Blake, Cassels&nbsp;&amp; Graydon LLP&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">595 Burrard Street&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">P.O.&nbsp;Box 49314&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">Suite&nbsp;2600, Three Bentall Centre&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">Vancouver, BC V7X 1L3</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Attention:</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Bob
Wooder&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Email:</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">[Redacted:
Personal Information]</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">Davis Graham&nbsp;&amp; Stubbs LLP&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">1550 17<SUP>th</SUP> Street, Suite&nbsp;500&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">Denver, Colorado 80202</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Attention:</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Joel
Benson&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">Email:</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">[Redacted:
Personal Information]</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">if to Triple Flag:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Triple Flag Precious Metals Corp.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">161 Bay Street, Suite&nbsp;4535&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">Toronto, ON&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">M5J 2S1</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">Attention:</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Shaun
Usmar<BR>
Email:</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">[Redacted: Personal Information]</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">With a copy (which shall not constitute
notice) to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Torys LLP&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">79 Wellington St. West&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Suite&nbsp;3000, P.O.&nbsp;Box 270, TD Centre&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Toronto, ON M5K 1N2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">Attention:</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Michael
Pickersgill<BR>
Email:</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">[Redacted: Personal Information]</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>8.2</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Remedies</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">The Parties hereto acknowledge
and agree that an award of money damages may be inadequate for any breach of this Agreement by any Party and that such breach may cause
the non-breaching Party irreparable harm. Accordingly, the Parties agree that, in the event of any such breach or threatened breach of
this Agreement by one of the Parties hereto, Triple Flag (if the Company is the breaching party) or the Company (if Triple Flag is the
breaching party) will be entitled, without the requirement of posting a bond or other security, to equitable relief, including injunctive
relief and specific performance. Subject to any other provision hereof, including Section&nbsp;6.1 hereof, such remedies will not be the
exclusive remedies for any breach of this Agreement but will be in addition to all other remedies available hereunder or at law or in
equity to each of the Parties hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>8.3</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Expenses</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">Other than as set out in Section&nbsp;6.4,
the Parties hereto agree that all out-of-pocket expenses incurred in connection with this Agreement and the transactions contemplated
hereby, the Company Meeting and the preparation and mailing of the Company Circular, including legal and accounting fees, printing costs,
financial advisor fees and all disbursements by advisors, shall be paid by the Party hereto incurring such expense and that nothing in
this Agreement shall be construed so as to prevent the payment of such expenses. The provisions of this Section&nbsp;8.3 shall survive
the termination of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>8.4</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Time
of the Essence</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">Time shall be of the essence
in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>8.5</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Entire
Agreement</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">This Agreement, together with
the agreements and other documents herein or therein referred to, and the Confidentiality Agreement constitute the entire agreement between
the Parties hereto pertaining to the subject matter hereof and supersede all prior agreements, understandings, negotiations and discussions,
whether oral or written, between the Parties with respect to the subject matter hereof. There are no representations, warranties, covenants
or conditions with respect to the subject matter hereof except as contained herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>8.6</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Further
Assurances</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">Each Party hereto shall, from
time to time, and at all times hereafter, at the request of the other of them, but without further consideration, do, or cause to be done,
all such other acts and execute and deliver, or cause to be executed and delivered, all such further agreements, transfers, assurances,
instruments or documents as shall be reasonably required in order to fully perform and carry out the terms and intent hereof including
the Plan of Arrangement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>8.7</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Governing
Law</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">This Agreement shall be governed
by, and be construed in accordance with, the laws of the Province of Ontario and the laws of Canada applicable therein but the reference
to such laws shall not, by conflict of laws rules&nbsp;or otherwise, require the application of the law of any jurisdiction other than
the Province of Ontario.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>8.8</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Execution
in Counterparts</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">This Agreement may be executed
in one or more counterparts, each of which shall conclusively be deemed to be an original and all such counterparts collectively shall
be conclusively deemed to be one and the same. Delivery of an executed counterpart of the signature page&nbsp;to this Agreement by electronic
mail shall be as effective as delivery of a manually executed counterpart of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>8.9</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Waiver</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">No waiver or release by any
Party hereto shall be effective unless in writing and executed by the Party granting such waiver or release and any waiver or release
shall affect only the matter, and the occurrence thereof, specifically identified and shall not extend to any other matter or occurrence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>8.10</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">No
Personal Liability</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">No director or officer of Triple Flag shall have any personal Liability whatsoever (other than in the
case of fraud or willful misconduct) to the Company under this Agreement or any other document delivered in connection with this Agreement
or the Arrangement by or on behalf of Triple Flag.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">No director or officer of the Company shall have any personal Liability whatsoever (other than in the
case of fraud or willful misconduct) to Triple Flag under this Agreement or any other document delivered in connection with this Agreement
or the Arrangement by or on behalf of the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>8.11</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Enurement
and Assignment</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.6in">This Agreement shall not be
assigned by any Party hereto without the prior written consent of the other Party hereto; provided that Triple Flag may assign all or
part of its rights under this Agreement to, and all or part of its obligations under this Agreement may be assumed by, any of its affiliates
if (i)&nbsp;Triple Flag continues to be liable jointly and severally with such affiliate for all of its obligations hereunder and (ii)&nbsp;Triple
Flag provides prior written notice to the Company of such assignment. This Agreement shall enure to the benefit of the Parties and their
respective successors and permitted assigns and shall be binding upon the Parties and their respective successors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>&lt;Remainder of Page&nbsp;Intentionally Left
Blank&gt;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>IN WITNESS WHEREOF</B> the
Parties hereto have executed this Agreement as of the date first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>TRIPLE FLAG PRECIOUS METALS CORP.</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Shaun Usmar</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 47%"><FONT STYLE="font-size: 10pt">Name: Shaun Usmar<BR>
Title: Chief Executive Officer</FONT></TD>
    </TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>MAVERIX METALS INC.</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ C. Warren Beil</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 47%"><FONT STYLE="font-size: 10pt">Name: C. Warren Beil</FONT></TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title: General Counsel</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Schedule&nbsp;A<BR>
Plan of Arrangement</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">See attached.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PLAN OF ARRANGEMENT UNDER SECTION&nbsp;192<BR>
OF THE <I>CANADA BUSINESS CORPORATIONS ACT</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE&nbsp;1&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DEFINITIONS AND INTERPRETATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>1.1</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Definitions.</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In this Plan of Arrangement, unless there is something
in the subject matter or context inconsistent therewith, the following words and terms shall have the meanings hereinafter set forth:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Affected Securities</B>&rdquo; means,
collectively, the Company Common Shares, the Company Options and the Company RSUs;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Affected Securityholders</B>&rdquo;
means, collectively, the Company Shareholders, the holders of Company Options and the holders of Company RSUs;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<B>All Cash Consideration</B>&rdquo; means, for each Company
Common Share, US$3.92 in cash;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>All Share Consideration</B>&rdquo; means,
for each Company Common Share, 0.360 of a Triple Flag Common Share;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Arrangement</B>&rdquo; means an arrangement
pursuant to section 192 of the CBCA on the terms and conditions set forth in this Plan of Arrangement, subject to any amendment or supplement
thereto made in accordance therewith, herewith or made at the direction of the Court either in the Interim Order or the Final Order with
the consent of Triple Flag and the Company, each acting reasonably;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Arrangement Agreement</B>&rdquo; means
the arrangement agreement, dated as of November&nbsp;9, 2022, by and between Triple Flag and the Company, as the same may be amended,
amended and restated or supplemented from time to time in accordance with its terms;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Arrangement Resolution</B>&rdquo; means
the special resolution of the Company Shareholders approving this Plan of Arrangement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Articles of Arrangement</B>&rdquo; means
the articles of arrangement of the Company in respect of the Arrangement, to be sent to the Director pursuant to the CBCA after the Final
Order is made, which shall be in form and substance satisfactory to Triple Flag and the Company, each acting reasonably;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Business Day</B>&rdquo; means any day,
other than a Saturday, a Sunday or a statutory holiday in Toronto, Ontario, and Vancouver, British Columbia;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Cash-out Amount</B>&rdquo; means in
respect of a Company Option at any time, the amount, if any, by which the aggregate Payout Value, at that time, of the Company Common
Shares subject to the Company Option exceeds the aggregate exercise price under the Company Option;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Cash Adjustment Factor</B>&rdquo; means
a number, rounded to four decimal places, equal to one minus the Share Proration Factor;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Cash Consideration</B>&rdquo; means
US$0.588 in cash per Company Common Share;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Cash Elected Common Share</B>&rdquo;
means each Company Common Share for which a Cash Election has been made under Section&nbsp;3.2;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Cash Electing Shareholder</B>&rdquo;
means a Company Shareholder that has validly elected to receive the All Cash Consideration in accordance with Section&nbsp;3.2(a)&nbsp;of
the Plan of Arrangement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Cash Election</B>&rdquo; has the meaning
ascribed thereto in Section&nbsp;3.2(a)(i);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Cash Option Election</B>&rdquo; has
the meaning ascribed thereto in Section&nbsp;3.5(a)(i);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Cash Proration Factor</B>&rdquo; means
the quotient, rounded to four decimal places, the numerator of which is the Maximum Cash Consideration, and the denominator of which is
the Total Elected Cash Consideration;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>CBCA</B>&rdquo; means the <I>Canada
Business Corporations Act</I>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Certificate of Arrangement</B>&rdquo;
means the certificate or other confirmation of filing giving effect to the Arrangement to be issued by the Director pursuant to section
192(7)&nbsp;of the CBCA after the Articles of Arrangement have been filed;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Code</B>&rdquo; means the United States
<I>Internal Revenue Code </I>of 1986;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Company</B>&rdquo; means Maverix Metals
Inc., a corporation amalgamated and existing under the laws of Canada;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Company Board</B>&rdquo; means the board
of directors of the Company, as constituted from time to time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Company Common Shares</B>&rdquo; means
the common shares in the capital of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Company In-The-Money-Option</B>&rdquo;
means a Company Option where the aggregate fair market value, at that time, of the Company Common Shares subject to such Company Option
exceeds the aggregate exercise price under the Company Option;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Company In-The-Money-Optionholder</B>&rdquo;
means a holder of Company In-The-Money-Options;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Company Meeting</B>&rdquo; means the
special meeting, including any adjournments or postponements thereof, of the Company Shareholders held to consider and, if deemed advisable,
to approve, the Arrangement Resolution;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Company Option Plan</B>&rdquo; means
the Company&rsquo;s Stock Option and Compensation Share Plan, amended and approved May&nbsp;13, 2021, providing for the granting of the
Company Options;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Company Options</B>&rdquo; means stock
options granted under, or governed by, the Company Option Plan;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Company Out-Of-the-Money-Option</B>&rdquo;
means a Company Option that is not a Company In-The-Money-Option;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Company Out-Of-The-Money-Optionholder</B>&rdquo;
means a holder of Company Out-Of-The-Money-Options;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Company RSU Plan</B>&rdquo; means the
Company&rsquo;s Amended and Restated Restricted Share Unit Plan, effective May&nbsp;14, 2019 and amended and restated on June&nbsp;30,
2020, providing for the granting of the Company RSUs;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Company RSUs</B>&rdquo; means restricted
share units granted under, or governed by, the Company RSU Plan;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<B>Company Shareholders</B>&rdquo; means, at any time, the holders
of Company Common Shares;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Consideration</B>&rdquo; means the consideration
payable under and in accordance with this Plan of Arrangement to a person who is a Company Shareholder;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Contract</B>&rdquo; means any written
or oral agreement, contract, obligation, promise, commitment, loan or credit agreement, employment or severance agreement, note, mortgage,
bond, indenture, lease, benefit plan, permit, franchise, license or other instrument, understanding, undertaking or arrangement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<B>Court</B>&rdquo; means the Ontario Superior Court of Justice
(Commercial List);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Depositary</B>&rdquo; means such Person
as the Company may appoint to act as depositary in relation to the Arrangement, with the approval of Triple Flag, acting reasonably;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<B>Director</B>&rdquo; means the Director appointed pursuant
to Section&nbsp;260 of the CBCA;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Dissent Rights</B>&rdquo; shall have
the meaning ascribed thereto in Section&nbsp;5.1(a)&nbsp;of this Plan of Arrangement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Dissenting Shareholder</B>&rdquo; means
a registered Company Shareholder who has validly exercised its Dissent Rights and has neither withdrawn, nor been deemed to have withdrawn,
such exercise of Dissent Rights, but only in respect of the Company Common Shares in respect of which Dissent Rights are validly exercised
by such registered Company Shareholder;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Effective Date</B>&rdquo; means the
date upon which the Arrangement becomes effective as established by the date shown on the Certificate of Arrangement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<B>Effective Time</B>&rdquo; means 12:01 a.m.&nbsp;(Toronto
time) on the Effective Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Election Deadline</B>&rdquo; means 5:00
p.m.&nbsp;(Toronto time) on the third (3rd) Business Day immediately prior to the date of the Company Meeting;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Encumbrance</B>&rdquo; means any
mortgage, pledge, assignment, charge, lien, claim, hypothec, security interest, adverse interest, other third Person interest or
encumbrance of any kind, whether contingent or absolute, and any agreement, option, right or privilege (whether by law, contract or
otherwise) capable of becoming any of the foregoing;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<B>Exchange Ratio</B>&rdquo; means 0.360;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Final Order</B>&rdquo; means the order
made after application to the Court approving the Arrangement, in form and substance satisfactory to Triple Flag and the Company, each
acting reasonably, as such order may be amended by the Court at any time prior to the Effective Date (with the consent of both Triple
Flag and the Company, each acting reasonably) or, if appealed, then unless such appeal is withdrawn or denied, as affirmed or as amended
(subject to any such amendment being satisfactory to both Triple Flag and the Company, each acting reasonably) on appeal;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Governmental Entity</B>&rdquo; means:
(i)&nbsp;any supranational, international, multinational, national, federal, provincial, territorial, state, regional, municipal, local
or other government, governmental or public department, ministry, minister, government in council, central bank, court, tribunal, arbitral
body, office, Crown corporation, commission, commissioner, board, bureau, stock exchange, agency or self-regulatory organization, whether
domestic or foreign; (ii)&nbsp;any subdivision, agency, commission, board or authority of any of the foregoing; or (iii)&nbsp;any quasi-governmental
or private body exercising any regulatory, expropriation, land use or occupation, or taxing authority under or for the account of any
of the foregoing;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>In the Money Amount</B>&rdquo; means
in respect of a Company Option or a Replacement Option at any time, the amount, if any, by which the aggregate fair market value, at that
time, of the Company Common Shares subject to the Company Option or the Triple Flag Common Shares subject to the Replacement Option, as
applicable, exceeds the aggregate exercise price under the Company Option or Replacement Option, as applicable;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Interim Order</B>&rdquo; means the interim
order of the Court pursuant to section 192 of the CBCA in a form acceptable to the Company and Triple Flag, each acting reasonably, providing
for, among other things, the calling and holding of the Company Meeting, as such order may be amended by the Court with the consent of
the Company and Triple Flag, each acting reasonably;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Laws</B>&rdquo; means, with respect
to any Person, any and all laws (including statutory, common, civil or otherwise), constitution, treaty, by-laws, statutes, rules, regulations,
principles of law, orders, injunctions, ordinances, awards, decrees, rulings, protocols, codes, guidelines, instruments, policies, notices,
directions and judgments or other requirements, whether domestic or foreign, enacted, adopted, promulgated or applied by a Governmental
Entity that are binding upon or applicable to such Person or its business, undertaking, property or securities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Letter of Transmittal and Election Form</B>&rdquo;
means the letter of transmittal and election form enclosed with the Company Circular sent in connection with the Company Meeting pursuant
to which, among other things, registered Company Shareholders are required to deliver certificates representing Company Common Shares
and Company Shareholders may elect to receive, in accordance with the election procedures set out in Section&nbsp;3.2 and proration in
accordance with Section&nbsp;3.3 and Section&nbsp;3.4, the All Cash Consideration or the All Share Consideration;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<B>Maximum Cash Consideration</B>&rdquo; has the meaning specified
in Section&nbsp;3.3(a);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Maximum Share Consideration</B>&rdquo;
has the meaning specified in Section&nbsp;3.4(a);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Option Election Form</B>&rdquo; means
the election form sent by Triple Flag pursuant to which, among other things, Company In-The-Money-Optionholders may elect to receive in
accordance with the election procedures set out in Section&nbsp;3.5, the Cash Option Election or the Share Option Election;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Payout Value</B>&rdquo; means the product
of (i)&nbsp;the Exchange Ratio, multiplied by (ii)&nbsp;the Triple Flag Common Share VWAP;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Person</B>&rdquo; means an individual,
partnership, association, body corporate, trustee, executor, administrator, legal representative, Governmental Entity or any other entity,
whether or not having legal status;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Plan of Arrangement</B>&rdquo; means
this plan of arrangement proposed under Section&nbsp;192 of the CBCA, and any amendments or variations hereto made in accordance with
the terms hereof or of the Arrangement Agreement or upon the direction of the Court in the Final Order;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Replacement Option</B>&rdquo; means
an option to purchase Triple Flag Common Shares having the terms and conditions determined in accordance with Section&nbsp;3.1(c)(i);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Section&nbsp;85 Election</B>&rdquo;
shall have the meaning ascribed thereto in Section&nbsp;2.11 of the Arrangement Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Share Adjustment Factor</B>&rdquo; means
a number, rounded to four decimal places, equal to one minus the Cash Proration Factor;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Share Consideration</B>&rdquo; means,
0.306 of a Triple Flag Common Share per Company Common Share;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Share Elected Common Share</B>&rdquo;
means each Company Common Share for which a Share Election has been made under Section&nbsp;3.2 or has been deemed to have been made pursuant
to Section&nbsp;3.2(b);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Share Election</B>&rdquo; has the meaning
ascribed thereto in Section&nbsp;3.2(a)(ii);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Share Option Election</B>&rdquo; has
the meaning ascribed thereto in Section&nbsp;3.5(a)(ii);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Share Proration Factor</B>&rdquo; means
the quotient, rounded to four decimal places, the numerator of which is the Maximum Share Consideration, and the denominator of which
is Total Elected Share Consideration;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Tax Act</B>&rdquo; means the <I>Income
Tax Act </I>(Canada);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Tax Exempt Person</B>&rdquo; means a
person who is exempt from tax under Part&nbsp;I of the Tax Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Total Elected Cash Consideration</B>&rdquo; has the meaning
attributed to that term in Section&nbsp;3.3(b);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Total Elected Share Consideration</B>&rdquo; has the meaning attributed to that
term in Section&nbsp;3.4(b);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Triple Flag</B>&rdquo; means Triple
Flag Precious Metals Corp., a corporation amalgamated and existing under the laws of Canada;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Triple Flag Common Share VWAP</B>&rdquo;
means the volume weighted average price on the New York Stock Exchange of the Triple Flag Common Shares for a five trading day period,
starting with the opening of trading on the seventh trading day prior to the Effective Date to the closing of trading on the third trading
day prior to the Effective Date, as reported by Bloomberg; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;<B>Triple Flag Common Shares</B>&rdquo; means the common shares
in the capital of Triple Flag;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Words and phrases used herein that are defined
in the Arrangement Agreement and not defined herein shall have the same meaning herein as in the Arrangement Agreement, unless the context
otherwise requires. Words and phrases used herein that are defined in the CBCA and not defined herein or in the Arrangement Agreement
shall have the same meaning herein as in the CBCA, unless the context otherwise requires.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>1.2</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Interpretation.</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For the purposes of this Plan of Arrangement, except as otherwise expressly
provided:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">&ldquo;<B>this Plan of Arrangement</B>&rdquo; means this Plan of Arrangement, including the recitals and
all appendices hereto, and not any particular Article, Section, clause or other subdivision hereof, or recital, schedule or exhibit hereto,
and includes any agreement, document or instrument entered into, made or delivered pursuant to the terms hereof, as the same may, from
time to time, be supplemented or amended and in effect;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">the words &ldquo;<B>hereof</B>&rdquo;, &ldquo;<B>herein</B>&rdquo;, &ldquo;<B>hereto</B>&rdquo; and &ldquo;<B>hereunder</B>&rdquo;
and other words of similar import refer to this Plan of Arrangement as a whole and not to any particular Article, Section, clause or other
subdivision hereof, or recital, schedule of exhibit hereto;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">unless the context otherwise requires, all references in this Plan of Arrangement to a designated Article,
Section, clause or other subdivision, recital, schedule or exhibit are references to the designated Article, Section, clause or other
subdivision of, or recital, schedule or exhibit to, this Plan of Arrangement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">the division of this Plan of Arrangement into Articles, Sections, clauses and other subdivisions, recitals,
schedules and exhibits and the insertion of headings and captions are for convenience of reference only and are not intended to interpret,
define or limit the scope, extent or intent of this Plan of Arrangement or any provision hereof; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">a reference to a statute in this Plan of Arrangement includes all regulations, rules, policies or instruments
made thereunder, all amendments to such statute, regulations, rules, policies or instruments in force from time to time, and any statutes,
regulations, rules, policies or instruments that supplement or supersede such statute, regulations, rules, policies or instruments.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>1.3</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Date
for Any Action.</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If the date on which any action is required to
be taken hereunder by a party is not a Business Day, such action shall be required or permitted to be taken on the next succeeding day
which is a Business Day.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>1.4</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Currency.</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Unless otherwise stated, all references in this
Plan of Arrangement to sums of money are expressed in lawful money of Canada and &ldquo;C$&rdquo; refers to Canadian dollars.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>1.5</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Time.</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Time shall be of the essence in this Plan of Arrangement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE&nbsp;2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARRANGEMENT AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>2.1</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Arrangement
Agreement.</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Plan of Arrangement constitutes an arrangement
as referred to in Section&nbsp;192 of the CBCA and is made pursuant to, and is subject to the provisions of, the Arrangement Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>2.2</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Effect
of the Arrangement.</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Plan of Arrangement and the Arrangement,
upon the filing of the Articles of Arrangement and the issuance of the Certificate of Arrangement, will become effective, and be binding
on Triple Flag, the Company, all Affected Securityholders, including Dissenting Shareholders, the registrar and transfer agent of the
Company, the Depositary and all other Persons, in each case, at and after, the Effective Time without any further act or formality required
on the part of any Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE&nbsp;3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARRANGEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>3.1</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Arrangement.</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the Arrangement, at the Effective
Time, the following transactions shall occur and shall be deemed to occur consecutively in the following order and without any further
authorization, act or formality, in each case, unless stated otherwise, effective as at five minute intervals starting at the Effective
Time:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">all Company Common Shares held by Dissenting Shareholders shall be deemed to have been assigned and transferred
(free and clear of all Encumbrances) to Triple Flag in exchange for a debt claim against Triple Flag in an amount determined in accordance
with Section&nbsp;5.1 hereof, and:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">such Dissenting Shareholders shall cease to be the holders of such Company Common Shares and to have any
rights as Company Shareholders other than the right to be paid the fair value
for such Company Common Shares as set out in Section&nbsp;5.1;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">the name of each such holder will be removed as a Company Shareholder from the registers of Company Shareholders
maintained by or on behalf of the Company in respect of the Company Common Shares; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">the holder of each such Company Common Share immediately prior to such transfer shall be deemed to have
executed and delivered all consents, releases, assignments and waivers, statutory or otherwise, required to so assign and transfer such
Company Common Share;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">each Company Shareholder shall transfer to Triple Flag each whole Company Common Share held (other than
any Company Common Share acquired by Triple</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Flag from a Dissenting Shareholder under Section&nbsp;3.1(a))
in exchange for:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">in the case of a Company Common Share for which the Cash Election was made under Section&nbsp;3.2(a)(i)&nbsp;the
All Cash Consideration,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">in the case of a Company Common Share for which the Share Election was made under Section&nbsp;3.2(a)(ii)&nbsp;or
deemed to have been made under Sections 3.2(b), the All Share Consideration,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">in each case subject to proration in
accordance with Section&nbsp;3.3 and Section&nbsp;3.4, and in respect of the Company Common Shares so transferred (i)&nbsp;the Company
Shareholder shall cease to be the holder thereof, (ii)&nbsp;the name of the Company Shareholder shall be removed from the register maintained
by or on behalf of the Company in respect of the Company Common Shares; (iii)&nbsp;the Company Shareholder shall be deemed to have executed
and delivered all consents, releases, assignments and waivers, statutory or otherwise, required to effect the transfer thereof; and (iv)&nbsp;the
name of Triple Flag shall be added to the register maintained by or on behalf of the Company in respect of the Company Common Shares as
the holder thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-size: 10pt">(c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">simultaneously:</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">each Company In-The-Money-Option outstanding immediately prior to the Effective Time (whether vested or
unvested), notwithstanding the terms of the Company Option Plan, will be deemed to be unconditionally vested and exercisable, and such
Company Option will,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">in the case of a Company In-The-Money-Option for which the Cash Option Election was made under Section&nbsp;3.5(a)(i),
without any further action by or on behalf of a holder of Company Options, be assigned, transferred, and disposed of by the Company In-The-Money-Optionholder
to the Company in consideration for a cash payment from the Company equaling the Cash-out Amount for such Company Option, in each case, less applicable
withholdings, and such Company Option will be immediately canceled; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">in the case of a Company In-The-Money-Option for which the Share Option Election was made under Section&nbsp;3.5(a)(ii),
without any further action by or on behalf of a holder of Company Options, be exchanged for a vested Replacement Option to acquire, on
the same terms and conditions as were applicable under such Company Option immediately prior to the Effective Time, such number of Triple
Flag Common Shares equal to (1)&nbsp;that number of Company Common Shares that were issuable upon exercise of such Company Option immediately
prior to the Effective Time, multiplied by (2)&nbsp;the Exchange Ratio, rounded down to the nearest whole number of Triple Flag Common
Shares, at an exercise price per Triple Flag Common Share equal to the quotient determined by dividing (X)&nbsp;the exercise price per
Company Common Share at which such Company Option was exercisable immediately prior to the Effective Time, by (Y)&nbsp;the Exchange Ratio,
rounded up to the nearest whole cent; provided that the exercise price of such Replacement Option shall be, and shall be deemed to be,
adjusted by the amount, and only to the extent, necessary to ensure that the In the Money Amount of such Replacement Option does not exceed
the In the Money Amount (if any) of such Company Option before the exchange. Notwithstanding the foregoing, the requirement in section
8.1 of the Company Option Plan for any vested Replacement Options to be exercised within 90 days after the Effective Time shall not apply
and the termination of affiliation provisions in sections 4.3(a), 4.3(b)&nbsp;and 4.3(c)&nbsp;of the Company Option Plan shall not apply
such that any cessation of employment or engagement of a holder of Replacement Options that would be subject to such sections shall be
disregarded and the applicable holder&rsquo;s Replacement Options shall otherwise continue to remain outstanding in accordance with the
Company Option Plan until the applicable Expiry Date (as defined in the Company Option Plan); and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">each Company Out-Of-The-Money-Option outstanding immediately prior to the Effective Time (whether vested
or unvested), notwithstanding the terms of the Company Option Plan, will be deemed to be unconditionally vested and exercisable, and such
Company Option will without any further action by or on behalf of a holder of Company Options, be exchanged for a vested Replacement Option
to acquire, on the same terms and conditions as were applicable under such Company Option immediately prior to the Effective Time, such
number of Triple Flag Common Shares equal to (1)&nbsp;that number of Company Common Shares that were issuable upon exercise of such Company
Option immediately prior to the Effective Time, multiplied by (2)&nbsp;the Exchange Ratio, rounded down to the nearest whole number of
Triple Flag Common Shares, at an exercise price per Triple Flag Common Share equal to the quotient determined
by dividing (X)&nbsp;the exercise price per Company Common Share at which such Company Option was exercisable immediately prior to the
Effective Time, by (Y)&nbsp;the Exchange Ratio, rounded up to the nearest whole cent; provided that the exercise price of such Replacement
Option shall be, and shall be deemed to be, adjusted by the amount, and only to the extent, necessary to ensure that the In the Money
Amount (if any) of such Replacement Option does not exceed the In the Money Amount (if any) of such Company Option before the exchange.
Notwithstanding the foregoing, the requirement in section 8.1 of the Company Option Plan for any vested Replacement Options to be exercised
within 90 days after the Effective Time shall not apply and the termination of affiliation provisions in sections 4.3(a), 4.3(b)&nbsp;and
4.3(c)&nbsp;of the Company Option Plan shall not apply such that any cessation of employment or engagement of a holder of Replacement
Options that would be subject to such sections shall be disregarded and the applicable holder&rsquo;s Replacement Options shall otherwise
continue to remain outstanding in accordance with the Company Option Plan until the applicable Expiry Date (as defined in the Company
Option Plan); and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">each Company RSU outstanding immediately prior to the Effective Time (whether vested or unvested), notwithstanding
the terms of the Company RSU Plan or any applicable grant letter, employment agreement (or similar agreement) or any resolution or determination
of the Company Board (or any committee thereof), shall, without any further action by or on behalf of the holder thereof, be deemed to
be assigned and transferred by such holder to the Company in exchange for a cash payment from the Company in an amount equal to the Payout
Value, subject to Section&nbsp;6.3, and each such Company RSU shall immediately be cancelled.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>3.2</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Election</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-indent: 0.5in; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left">With respect to the Company Common Shares held
by a Company Shareholder:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">each Company Shareholder, other than a Dissenting Shareholder shall, by depositing with the Depositary
prior to the Election Deadline a duly completed Letter of Transmittal and Election Form, which election shall be irrevocable and may not
be withdrawn, together with any certificates representing the Company Common Shares held by such Company Shareholder, indicate:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">the number of Company Common Shares for which the Company Shareholder elects to receive All Cash Consideration
(the &ldquo;<B>Cash Election</B>&rdquo;), and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">the number of Company Common Shares for which the Company Shareholder elects to receive All Share Consideration
(the &ldquo;<B>Share Election</B>&rdquo;), </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 1in">&nbsp;</TD>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="text-align: justify">in each case subject to proration in accordance with Section&nbsp;3.3
and Section&nbsp;3.4;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">any Company Shareholder who (i)&nbsp;does not deposit with the Depositary a duly completed Letter of Transmittal
and Election Form&nbsp;prior to the Election Deadline or otherwise fails to fully comply with the requirements of Section&nbsp;3.2(a)&nbsp;shall
be deemed to have made the Share Election for all Company Common Shares held, or (ii)&nbsp;exercises Dissent Rights but, for any reason,
is not ultimately determined to be entitled to be paid the fair value of his, her or its Company Common Shares in accordance with Article&nbsp;5
shall, in each case, be deemed to have transferred each of his, her or its Company Common Shares to Triple Flag in exchange for the Share
Consideration pursuant to Section&nbsp;3.1(b)(ii);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">any deposit of a Letter of Transmittal and Election Form&nbsp;and the accompanying certificate(s)&nbsp;representing
Company Common Shares shall be made at the address of the Depositary specified in the Letter of Transmittal and Election Form; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">any registered Company Shareholder who holds Company Common Shares as a nominee, custodian, depositary,
trustee or in any other representative capacity for beneficial owners of Company Common Shares may submit a separate Letter of Transmittal
and Election Form&nbsp;in accordance with the instructions of such beneficial owner for each such beneficial owner.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>3.3</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Cash
Proration</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Notwithstanding Section&nbsp;3.2 or any other provision herein to the
contrary:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">the maximum aggregate amount of cash consideration to be paid to Cash Electing Shareholders pursuant to
Section&nbsp;3.1(b)(i)&nbsp;(the &ldquo;<B>Maximum Cash Consideration</B>&rdquo;) shall be the product of (i)&nbsp;the Cash Consideration;
and (ii)&nbsp;the number of Company Common Shares (excluding Company Common Shares in respect of which Dissent Rights have been exercised,
and Company Common Shares for which neither a Cash Election nor a Share Election has been made) that are issued and outstanding immediately
prior to the Effective Time; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">in the event that the aggregate amount of All Cash Consideration that would otherwise be payable to Cash
Electing Shareholders pursuant to Section&nbsp;3.1(b)(i)&nbsp;but for the application of this Section&nbsp;3.3 (the &ldquo;<B>Total Elected
Cash Consideration</B>&rdquo;) exceeds the Maximum Cash Consideration, then:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">the portion of the consideration in respect of each Company Share transferred to Triple Flag pursuant
to Section&nbsp;3.1(b)(i)&nbsp;to be satisfied in cash shall be determined by multiplying the All Cash Consideration by the Cash Proration
Factor; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">the balance of the consideration in respect of each Company Common Share transferred to Triple Flag pursuant
to Section&nbsp;3.1(b)(i)&nbsp;to be satisfied by the issuance of that number of Triple Flag Common Shares which is determined by multiplying
the All Share Consideration by the Share Adjustment Factor.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>3.4</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Share
Proration</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Notwithstanding Section&nbsp;3.2 or any other provision herein to the
contrary:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">the maximum aggregate amount of Triple Flag Common Shares to be paid to Share Electing Shareholders pursuant
to Section&nbsp;3.1(b)(ii)&nbsp;(the &ldquo;<B>Maximum Share Consideration</B>&rdquo;) shall be the product of (i)&nbsp;the Share Consideration;
and (ii)&nbsp;the number of Company Common Shares (excluding Company Common Shares in respect of which Dissent Rights have been exercised)
that are issued and outstanding immediately prior to the Effective Time; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">in the event that the aggregate amount of All Share Consideration that would otherwise be payable to Share
Electing Shareholders pursuant to Section&nbsp;3.1(b)(ii)&nbsp;but for the application of this Section&nbsp;3.4 (the &ldquo;<B>Total Elected
Share Consideration</B>&rdquo;) exceeds the Maximum Share Consideration, then:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">the portion of the consideration in respect of each Company Share transferred to Triple Flag pursuant
to Section&nbsp;3.1(b)(ii)&nbsp;to be satisfied by the issuance of Triple Flag Common Shares shall be determined by multiplying the All
Share Consideration by the Share Proration Factor; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">the balance of the consideration in respect of each Company Common Share transferred to Triple Flag pursuant
to Section&nbsp;3.1(b)(ii)&nbsp;to be satisfied by the payment of cash which is determined by multiplying the All Cash Consideration by
the Cash Adjustment Factor.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>3.5</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Option
Election</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">With respect to the Company In-The-Money-Options
held by a Company In-The-Money Optionholder:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">each Company In-The-Money Optionholder shall, by deposit with Triple Flag prior to the Election Deadline
a duly completed Option Election Form, which election shall be irrevocable and may not be withdrawn, indicate:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">the number of Company In-The-Money-Options for which the Company In-The-Money Optionholder elects to receive
a cash payment equaling the Cash-out Amount for such Company In-The-Money-Options (the &ldquo;<B>Cash Option Election</B>&rdquo;); or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">the number of Company In-The-Money-Options for which the Company In-The-Money Optionholder elects to not
receive a Cash Option Election (the &ldquo;<B>Share Option Election</B>&rdquo;); and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">for greater certainty, any Company In-The-Money
Optionholder shall only be entitled to make a Cash Option Election or Share Option Election and not both; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">any Company In-The-Money Optionholder who does not deposit with Triple Flag a duly completed Option Election
Form&nbsp;prior to the Election Deadline or otherwise fails to fully comply with the requirements of Section&nbsp;3.5(a)(i)&nbsp;shall
be deemed to have made the Share Option Election for all Company In-The-Money-Options held.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>3.6</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Calculations</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">All calculations and determinations
made by Triple Flag, the Company, or the Depositary, as applicable, for the purposes of this Plan of Arrangement shall be conclusive,
final, and binding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE&nbsp;4</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARRANGEMENT MECHANICS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>4.1</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">No
Fractional Triple Flag Common Shares.</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">In no event shall a Company Shareholder be entitled to a fractional Triple Flag Common Share. Where the
aggregate number of Triple Flag Common Shares to be issued to a Company Shareholder pursuant to Section&nbsp;3.1 would result in a fraction
of a Triple Flag Common Share being issuable, the number of Triple Flag Common Shares to be received by such former Company Shareholder
shall be rounded down to the nearest whole Triple Flag Common Share, and the fractional entitlement shall be cancelled without any compensation
or other consideration therefor.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">If the aggregate cash amount a Company Shareholder is entitled to receive pursuant to Section&nbsp;3.1
would otherwise include a fraction of $0.01, then the aggregate cash amount such Company Shareholder shall be entitled to receive shall
be rounded down to the nearest whole $0.01.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>4.2</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Transfer
of Securities</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">With respect to each holder of any of the Company RSUs outstanding immediately before the Effective Time,
upon and at the time of the disposition of such Company RSUs effected pursuant to Section&nbsp;3.1(c)(iii):</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">such holder of Company RSUs shall cease to be a holder of Company RSUs, and the name of such holder shall
be removed from the register or account of holders of Company RSUs maintained by or on behalf of the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">the Company RSU Plan shall be terminated and all agreements relating to any of the Company RSUs shall
be terminated and shall be of no further force and effect (and all rights issued thereunder shall expire); and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">the Company shall pay to such holder of such Company RSUs the cash amount payable to such holder of Company
RSUs pursuant to Section&nbsp;3.1(c)(iii).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">With respect to each Company Option exchanged in accordance with Sections 3.1(c)(i)(b)&nbsp;and 3.1(c)(ii):</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">the holder of such Company Option immediately prior to such exchange shall cease to be the holder thereof,
the name of such holder shall be removed from the register maintained by or on behalf of the Company in respect thereof, and such Company
Option shall be cancelled;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">the holder of such Company Option immediately prior to such exchange shall be deemed to have executed
and delivered all consents, releases, assignments and waivers, statutory or otherwise, required to exchange such Company Option with Triple
Flag for the Replacement Option; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">the name of the holder of such Company Option immediately prior to such exchange shall be added to the
register maintained by or on behalf of Triple Flag in respect of the Replacement Options.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">With respect to each Company Shareholder (other than Dissenting Shareholders), immediately before the
Effective Time, upon and at the time of the transfer of Company Common Shares effected pursuant to Section&nbsp;3.1(b):</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">such Company Shareholder shall cease to be a Company Shareholder, and the name of such Company Shareholder
shall be removed from the register of Company Shareholders maintained by or on behalf of the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">subject to Article&nbsp;4 and Article&nbsp;6, Triple Flag shall pay and deliver to such Company Shareholder
the Consideration payable and deliverable to such Company Shareholder pursuant to Section&nbsp;3.1, and the name of such Company Shareholder
shall be added to the register of holders of Triple Flag Common Shares maintained by or on behalf of Triple Flag; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">an amount equal to the total of all amounts each of which is the fair market value of the Company Common
Shares transferred to Triple Flag by a Company Shareholder in exchange for the issuance by Triple Flag of the Consideration shall be added
to the stated capital account maintained by Triple Flag for the Triple Flag Common Shares, and Triple Flag shall be deemed to have purchased
each such Company Common Share for a purchase price equal to such fair market value.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE&nbsp;5</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DISSENT PROCEDURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>5.1</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Rights
of Dissent.</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Registered Company Shareholders (other than Triple Flag and its affiliates) may exercise dissent rights
with respect to Company Common Shares held by such Dissenting Shareholders (&ldquo;<B>Dissent Rights</B>&rdquo;), in connection with the
Arrangement pursuant to and in the manner set forth in Section&nbsp;190 of the CBCA, as modified by the Interim Order and this Section&nbsp;5.1;
provided that, notwithstanding Section&nbsp;190(5)&nbsp;of the CBCA, the written objection to the Arrangement Resolution referred to in
Section&nbsp;190(5)&nbsp;of the CBCA must be received by the Company not later than 5:00 p.m., Eastern Time, two (2)&nbsp;Business Days
immediately preceding the date of the Company Meeting (as it may be adjourned or postponed from time to time).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Each Dissenting Shareholder who duly exercises its Dissent Rights in accordance with this Section&nbsp;5.1
shall be deemed to have assigned and transferred all Company Common Shares held by such Dissenting Shareholder, and in respect of which
Dissent Rights have been validly exercised, to the Company free and clear of all Encumbrances, as provided in Section&nbsp;3.1(a)&nbsp;and
if such Dissenting Shareholder:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">is ultimately entitled to be paid fair value for its Company Common Shares, such Dissenting Shareholder:
(A)&nbsp;shall be deemed not to have participated in the transactions in Article&nbsp;3 (other than Section&nbsp;3.1(a)); (B)&nbsp;will
be entitled to be paid the fair value of such Company Common Shares by the Company, which fair value, notwithstanding anything to the
contrary contained in Section&nbsp;190 of the CBCA, shall be determined as of the close of business on the Business Day immediately preceding
the date on which the Arrangement Resolution was adopted; and (C)&nbsp;will not be entitled to any other payment or consideration, including
any payment that would be payable under the Arrangement if such Dissenting Shareholder had not exercised its Dissent Rights in respect
of such Company Common Shares; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">is ultimately not entitled, for any reason, to be paid fair value for such
Company Common Shares, such Dissenting Shareholder shall be deemed to have participated in the Arrangement on the same basis as a non</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 13.5pt">-
</FONT><FONT STYLE="font-size: 10pt">dissenting holder of Company Common Shares and shall receive for such Company Common Shares the All
Share Consideration.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>5.2</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Recognition
of Dissenting Shareholders</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">In no circumstances shall Triple Flag, the Company or any other Person be required to recognize a Person
exercising Dissent Rights unless such Person is the registered holder of the Company Common Shares in respect of which such Dissent Rights
are purported to be exercised.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">In addition to any other restrictions under Section&nbsp;190 of the CBCA, none of the following Persons
shall be entitled to exercise Dissent Rights: (i)&nbsp;any holder of any Company RSUs or Company Options; and (ii)&nbsp;any Company Shareholder
who votes or has instructed a proxyholder to vote such Company Shareholder&rsquo;s Company Common Shares in favour of the Arrangement
Resolution.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE&nbsp;6</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DELIVERY OF CONSIDERATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>6.1</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Delivery
of Consideration.</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">At or before the Effective Time, Triple Flag shall deposit or cause to be deposited with the Depositary,
for the benefit of and to be held on behalf of the Company Shareholders, a treasury order or other evidence regarding the issuance of,
the aggregate number of Triple Flag Common Shares to satisfy the aggregate number of Triple Flag Common Shares payable to Company Shareholders;
(ii)&nbsp;sufficient funds to satisfy the aggregate cash Consideration payable to the Company Shareholders, which cash shall be held by
the Depositary in escrow as agent and nominee for such former Company Shareholders; in each case for distribution thereto in accordance
with the provisions of this Article&nbsp;6. All cash deposited with the Depositary shall be held in an interest bearing account, and any
interest earned on such funds shall be for the account of Triple Flag.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Upon surrender to the Depositary for cancellation of one or more outstanding Company Common Shares represented
by a duly completed and executed Letter of Transmittal and Election Form, together with the certificate(s), if any, which immediately
prior to the Effective Time represented such Company Common Share(s)&nbsp;and any such additional documents and instruments as the Depositary
may reasonably require, each Company Common Share so surrendered shall be exchanged by the Depositary, and the Depositary shall deliver
to the applicable Company Shareholder, as soon as practicable and in accordance with Section&nbsp;4.2(c), a treasury order or other evidence
of, Triple Flag Common Shares that such Company Shareholder is entitled to receive under the Arrangement or the cash consideration, as
applicable, less any amounts withheld pursuant to Section&nbsp;6.3.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">As soon as practicable after the Effective Time, the Company shall deliver to each holder of Company RSUs
(as reflected on the register maintained by or on behalf of the Company in respect of Company RSUs), a cheque (or other form of immediately
available funds) representing the cash amount that such holder is entitled to receive pursuant to Section&nbsp;3.1(c)(iii), less any amounts
withheld pursuant to Section&nbsp;6.3.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">Until surrendered as contemplated by this Section&nbsp;6.1, each certificate that immediately prior to
the Effective Time represented outstanding Company Common Shares shall be deemed, immediately after the completion of the transactions
contemplated in Section&nbsp;4.2(c), to represent only the right to receive upon such surrender the Consideration for such Company Common
Shares.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">If any former Company Shareholder fails to deliver to the Depositary the certificates, document or instruments
required to be delivered to the Depositary under Section&nbsp;6.1(b)&nbsp;or Section&nbsp;6.2 in order for such former Company Shareholder
to receive the Consideration which such former holder is entitled to receive pursuant to Section&nbsp;3.1, or any payment made by way
of cheque by the Depositary or by the Company pursuant to the Arrangement
has not been deposited or has been returned to the Depositary or the Company or otherwise remains unclaimed, in each case, on or before
the sixth (6th) anniversary of the Effective Date, then on the sixth (6th) anniversary of the Effective Date (i)&nbsp;such former Company
Shareholder shall be deemed to have donated and forfeited to Triple Flag or its successors, all such Consideration held by the Depositary
in trust for such former holder to which such former holder is entitled, (ii)&nbsp;any right or claim to payment hereunder that remains
outstanding shall cease to represent a right or claim of any kind or nature, (iii)&nbsp;any certificate or other documentation representing
Company Common Shares formerly held by such former Company Shareholder shall cease to represent a right or claim of any kind or nature,
and (iv)&nbsp;the Triple Flag Common Shares which such former Company Shareholder was entitled to receive shall be automatically transferred
to Triple Flag and the certificates, documents or other instruments representing such Triple Flag Common Shares shall be delivered by
the Depositary to Triple Flag for cancellation and the interest of such former Company Shareholder in such Triple Flag Common Shares shall
be cancelled.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">No Affected Securityholder shall be entitled to receive any consideration with respect to Affected Securities
other than the consideration to which such Affected Securityholder is entitled to receive in accordance with Section&nbsp;3.1 and no such
Affected Securityholder shall be entitled to receive any interest, dividends, premium or other payment in connection therewith, other
than any declared but unpaid dividends with a record date prior to the Effective Date. No dividend or other distribution declared or made
after the Effective Time with respect to Affected Securities or with a record date on or after the Effective Date shall be delivered to
the holder of any unsurrendered certificate which, immediately prior to the Effective Date, represented outstanding Affected Securities.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: justify">All dividends payable with respect to any Triple Flag Common Shares allotted and issued pursuant to this
Arrangement for which a certificate or other evidence of such Triple Flag Common Shares has not been issued shall be paid or delivered
to the Depositary to be held by the Depositary in trust for the registered holder thereof. All monies received by the Depositary shall
be invested by it in interest-bearing trust accounts upon such terms as the Depositary may reasonably deem appropriate. The Depositary
shall pay and deliver to any such registered holder, as soon as reasonably practicable after application therefor is made by the registered
holder to the Depositary in such form as the Depositary may reasonably require, such dividends and any interest thereon to which such
holder is entitled, net of applicable withholding and other taxes.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>6.2</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Lost
Certificates.</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">In the event any certificate which immediately prior to the Effective Time represented one or more outstanding
Company Common Shares that were transferred pursuant to this Plan of Arrangement shall have been lost, stolen or destroyed, upon the making
of an affidavit of that fact by the Person claiming such certificate to be lost, stolen or destroyed, the Depositary will pay and deliver,
in exchange for such lost, stolen or destroyed
certificate, the Consideration which such holder is entitled to receive pursuant to Section&nbsp;4.2(c), net of amounts required to be
withheld pursuant to Section&nbsp;6.3. When authorizing such payment and delivery in exchange for any lost, stolen or destroyed certificate,
the Person to whom the payment is made shall, as a condition precedent to the delivery thereof, give a bond satisfactory to Triple Flag,
the Company and the Depositary in such sum as Triple Flag may direct or otherwise indemnify Triple Flag and the Company in a manner satisfactory
to Triple Flag and the Company against any claim that may be made against Triple Flag or the Company with respect to the certificate alleged
to have been lost, stolen or destroyed.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>6.3</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Withholding
Rights.</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Each of the Company, Triple Flag and the Depositary shall be entitled to deduct or withhold from any consideration
otherwise payable to any Affected Securityholder under this Plan of Arrangement such amounts as the Company, Triple Flag or the Depositary
may be required to deduct or withhold with respect to such payment under the Tax Act or any provision of applicable Laws and shall remit
such amounts to the appropriate Governmental Entity. To the extent that an amount is so deducted or withheld and remitted, such amount
shall be treated for all purposes as having been paid to the Affected Securityholder in respect of which such deduction or withholding
was made.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Each of the Company, Triple Flag and the Depositary that makes a payment to any Company Shareholder under
this Plan of Arrangement shall be authorized to sell or otherwise dispose of such number of Triple Flag Common Shares otherwise issuable
to such Company Shareholder (if any) as is necessary to provide sufficient funds to enable it to comply with its deducting or withholding
requirements and such party shall notify the applicable Company Shareholder and remit any unapplied balance of the net proceeds of such
sale to such Company Shareholder.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE&nbsp;7</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AMENDMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>7.1</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Amendments
to Plan of Arrangement.</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">The Company, and Triple Flag may amend, modify and/or supplement this Plan of Arrangement at any time
and from time to time prior to the Effective Time, provided that each such amendment, modification and/or supplement must (i)&nbsp;be
set out in writing, (ii)&nbsp;be approved by the Company and Triple Flag, each acting reasonably, (iii)&nbsp;be filed with the Court and,
if made following the Company Meeting, approved by the Court, and (iv)&nbsp;be communicated to the Affected Securityholders if and as
required by the Court.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Any amendment, modification or supplement to this Plan of Arrangement may be proposed by the Company
                                                               or Triple Flag at any time prior to the Company Meeting (provided that the other of such parties, as applicable, shall have
                                                               consented thereto in writing) with or without any other
prior notice or communication, and if so proposed and accepted by the Persons voting at the Company Meeting (other than as may be required
under the Interim Order), shall become part of this Plan of Arrangement for all purposes.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">Any amendment, modification or supplement to this Plan of Arrangement that is approved or directed by
the Court following the Company Meeting shall be effective only if (i)&nbsp;it is consented to in writing by each of the Company and Triple
Flag (in each case, acting reasonably) and (ii)&nbsp;if required by the Court, it is consented to by some or all of the Company Shareholders
voting in the manner directed by the Court.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">Any amendment, modification or supplement to this Plan of Arrangement may be made following the Effective
Date unilaterally by the Company, or Triple Flag, provided that it concerns a matter which, in the reasonable opinion of Triple Flag,
is of an administrative nature required to better give effect to the implementation of this Plan of Arrangement and is not adverse to
the economic interest of any former holder of Affected Securities.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">This Plan of Arrangement may be withdrawn prior to the Effective Time in accordance with the terms of
the Arrangement Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARTICLE&nbsp;8</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FURTHER ASSURANCES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>8.1</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Further
Assurances</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notwithstanding that the Arrangement and other
events set out herein shall occur and be deemed to occur in the order set out in this Plan of Arrangement without any further act or formality,
each of the parties to the Arrangement Agreement shall make, do and execute, or cause to be made, done and executed, all such further
acts, deeds, agreements, transfers, assurances, instruments or documents as may reasonably be required by any of them in order to further
document or evidence any of the transactions or events set out therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Schedule&nbsp;B<BR>
Form&nbsp;of Arrangement Resolution</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>BE IT RESOLVED, AS A SPECIAL RESOLUTION, THAT:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(1)</TD><TD STYLE="text-align: justify">The arrangement (the &ldquo;<B>Arrangement</B>&rdquo;) under section 192 of the <I>Canada Business Corporations
Act </I>(the &ldquo;<B>CBCA</B>&rdquo;) of Maverix Metals Inc. (the &ldquo;<B>Company</B>&rdquo;), as more particularly described and
set forth in the management information circular (the &ldquo;<B>Circular</B>&rdquo;) of the Company accompanying the notice of this meeting,
as the Arrangement may be modified or amended in accordance with its terms, is hereby authorized, approved and adopted.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(2)</TD><TD STYLE="text-align: justify">The plan of arrangement (the &ldquo;<B>Plan of Arrangement</B>&rdquo;) involving the Company, the full
text of which is set out as Schedule A to the Arrangement Agreement made as of November&nbsp;9 between Triple Flag Precious Metals Corp.
and the Company (the &ldquo;<B>Arrangement Agreement</B>&rdquo;), as the Plan of Arrangement may be modified or amended in accordance
with its terms, is hereby authorized, approved and adopted.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(3)</TD><TD STYLE="text-align: justify">The Arrangement Agreement and all transactions contemplated therein, the actions of the directors of the
Company in approving the Arrangement and the Arrangement Agreement and the actions of the directors and officers of the Company in executing
and delivering the Arrangement Agreement, and any amendments, modifications or supplements thereto, in accordance with its terms are hereby
ratified and approved.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(4)</TD><TD STYLE="text-align: justify">The Company be and is hereby authorized to apply for a final order from the Ontario Superior Court of
Justice (Commercial List) (the &ldquo;<B>Court</B>&rdquo;) to approve the Arrangement on the terms set forth in the Arrangement Agreement
and the Plan of Arrangement (as they may be amended, modified or supplemented and as described in the Circular).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(5)</TD><TD STYLE="text-align: justify">Notwithstanding that this resolution has been passed (and the Plan of Arrangement adopted) by the shareholders
of the Company or that the Arrangement has been approved by the Court, the directors of the Company are hereby authorized and empowered
to, at their discretion, without further notice to or approval of the shareholders of the Company (i)&nbsp;to amend, modify or supplement
the Arrangement Agreement or the Plan of Arrangement, to the extent permitted by the Arrangement Agreement and/or the Plan of Arrangement,
and (ii)&nbsp;subject to the terms of the Arrangement Agreement, not to proceed with the Arrangement and related transactions.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(6)</TD><TD STYLE="text-align: justify">Any one director or officer of the Company be and is hereby authorized and directed for and on behalf
of the Company to execute, under the corporate seal of the Company or otherwise, and to deliver for filing with the Director under the
CBCA articles of arrangement and such other documents as are necessary or desirable to give effect to the Arrangement and the Plan of
Arrangement in accordance with the Arrangement Agreement, such determination to be conclusively evidenced by the execution and delivery
of such articles or arrangement and any such other documents.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(7)</TD><TD STYLE="text-align: justify">Any one director or officer of the Company be and is hereby authorized and directed, for and on behalf
of the Company, to execute or cause to be executed, under the corporate seal of the Company or otherwise, and to deliver or cause to be
delivered, or file all such other documents and instruments and to perform or cause to be performed all such other acts and things as
are required or as such director or officer, in his or her sole discretion, may deem necessary or desirable to give full effect or carry
out the foregoing resolutions and the matters authorized thereby, such determination to be conclusively evidenced by the execution and
delivery of such document, agreement or instrument or the doing of any such act or thing.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>[Remainder of the page&nbsp;intentionally left
blank]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Schedule&nbsp;C<BR>
Representations and Warranties of the Company</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">The Company hereby represents
and warrants to Triple Flag, and hereby acknowledges that Triple Flag is relying upon such representations and warranties in connection
with entering into this Agreement and agreeing to complete the Arrangement, that except as expressly permitted by this Agreement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(1)</TD><TD STYLE="text-align: justify"><B>Organization</B>. Except as disclosed in the Company Disclosure Letter, the Company and each of the
Company Subsidiaries has been incorporated, is validly subsisting and has full corporate and legal power and authority to own its property
and assets and to conduct its business as currently owned and conducted. The Company and each of the Company Subsidiaries is registered,
licensed or otherwise qualified as an extra-provincial corporation, a corporation (in accordance with the laws of the country of domicile)
or a foreign corporation in each jurisdiction where the nature of the business or the location or character of the property and assets
owned or leased by it requires it to be so registered, licensed or otherwise qualified, other than those jurisdictions where the failure
to be so registered, licensed or otherwise qualified would not have a Material Adverse Effect on the Company. The Company Diligence Information
includes complete and correct copies of the constating documents of the Company and each Company Subsidiary, as amended to the date of
this Agreement, and neither the Company nor any Company Subsidiary has taken any action to amend or supercede such documents.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(2)</TD><TD STYLE="text-align: justify"><B>Capitalization</B>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">The Company is authorized to issue an unlimited number of Company Common Shares and an unlimited number
of Company Preference Shares. As of the date of this Agreement there are outstanding: (i)&nbsp;147,379,354 Company Common Shares issued
and outstanding; (ii)&nbsp;nil Company Preference Shares outstanding; (iii)&nbsp;Company Options for the issuance of up to 4,336,647 Company
Common Shares upon the exercise thereof; (iv)&nbsp;608,260 Company RSUs; and (v)&nbsp;5,000,000 Company Warrants. All issued and outstanding
Company Common Shares have been authorized and are validly issued and outstanding as fully paid and non-assessable shares, free of pre-emptive
rights.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Except: (i)&nbsp;as disclosed in the Company Disclosure Letter; (ii)&nbsp;for the Company Options, the
Company RSUs and the Company Warrants; and (iii)&nbsp;pursuant to this Agreement and the transactions contemplated hereby, as of the date
hereof, there are no issued, outstanding or authorized options, warrants, conversion privileges, calls, repurchase, stock appreciation
or other rights, shareholder rights plans, or other rights, agreements, arrangements, commitments or obligations (pre-emptive, contingent
or otherwise) obligating the Company or any of the Company Subsidiaries to issue or sell any securities of or interest in the Company
or any of the Company Subsidiaries from the Company or any of the Company Subsidiaries or obligations of any kind convertible into, exchangeable
for or otherwise carrying the right or obligation to acquire or subscribe for any shares, partnership or other equity interests in the
capital of the Company or any of the Company Subsidiaries or the value of which is based on the value of the securities of the Company
or any of the Company Subsidiaries, and other than the Company Option Plan and Company RSU Plan, there are no equity or security based
compensation arrangements maintained by the Company or any of the Company Subsidiaries.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">As of the date hereof, there are no outstanding bonds, debentures or other evidences of indebtedness of
the Company or any of the Company Subsidiaries having the right to vote with the Company Shareholders on any matter. There are no outstanding
contractual obligations of the Company or of any of the Company Subsidiaries to repurchase, redeem or otherwise acquire any outstanding
Company Common Shares or with respect to the voting or disposition of any outstanding Company Common Shares.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">The Company Disclosure Letter sets forth, as of the date hereof, all outstanding grants to holders of
the Company Options and Company RSUs and the number, exercise price, date of grant, expiration dates and vesting schedules.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">Other than as disclosed in the Company Financial Statements, neither the Company nor any Company Subsidiary
has any Financial Indebtedness. As of the date hereof, the Company and each of the Company Subsidiaries is in compliance with the terms
and conditions of the Financial Indebtedness of the Company or any of the Company Subsidiaries and has not received any notice of default
or breach of, or termination under, any instruments governing Financial Indebtedness of the Company or any of the Company Subsidiaries,
except in either case as would not, individually or in the aggregate, have a Material Adverse Effect on the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">All outstanding securities of the Company have been issued in compliance with all applicable Laws and
any pre-emptive or similar rights applicable to them.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: justify">As of the date hereof, all dividends or distributions on the Company Common Shares of the Company that
have been declared or authorized have been paid in full.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: justify">No securities of the Company are owned by any of its Subsidiaries.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(3)</TD><TD STYLE="text-align: justify"><B>Shareholder and Similar Agreements</B>. Except as set forth in the Company Disclosure Letter, neither
the Company nor any of the Company Subsidiaries is party to any shareholder, pooling, proxy, voting, voting trust or other similar agreement
or arrangement relating to the capital stock or other equity interests of the Company or any of the Company Subsidiaries or pursuant to
which any Person may have any right or claim in connection with any existing or past equity interest in the Company or any of the Company
Subsidiaries or providing for registration rights with respect to the Company or any of the Company Subsidiaries, and the Company has
not adopted a shareholder rights plan or any other similar plan or agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(4)</TD><TD STYLE="text-align: justify"><B>Authority</B>. The Company has all necessary power, authority and capacity to enter into and to perform
its obligations under this Agreement and all other agreements and instruments to be executed by the Company as contemplated by this Agreement.
The execution and delivery of this Agreement by the Company and all other agreements and instruments to be executed by the Company as
contemplated by this Agreement, and the completion by the Company of the transactions contemplated herein and therein have been authorized
by the Company Board and, subject to obtaining the approval by the Company Shareholders of the Arrangement Resolution, the Interim Order,
the Final Order and approval of the Company Circular by the Company Board, no other corporate proceedings on the part of the Company are
necessary to authorize this Agreement or to complete the transactions contemplated hereby or thereby. This Agreement has been executed
and delivered by the Company and constitutes a legal, valid and binding obligation of the Company, enforceable against the Company in
accordance with its terms, subject to bankruptcy, insolvency, reorganization, fraudulent transfer, moratorium and other applicable Laws
relating to or affecting creditors&rsquo; rights generally, and to general principles of equity.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(5)</TD><TD STYLE="text-align: justify"><B>No Conflict; Required Filings and Consent</B>. Subject to the receipt of the approvals set out in this
Section&nbsp;(5)&nbsp;and except as set forth in the Company Disclosure Letter, the execution and delivery by the Company of this Agreement
and the performance by it of its obligations hereunder and the completion of the transactions contemplated hereby, do not and will not:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">result in a violation, contravention or breach of or constitute a default under, or entitle any Person
to terminate, accelerate, modify or call any obligations or rights under, require any consent to be obtained under or give rise to any
termination rights under any provision of,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">the articles, by-laws or other constating documents of the Company or any of the Company Subsidiaries;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">any Law to which the Company or any of its Subsidiaries is subject or by which the Company or any of its
Subsidiaries is bound, or any of their respective properties or assets, subject to compliance with the matters in Section&nbsp;(6)&nbsp;below
and except as would not, individually or in the aggregate, have a Material Adverse Effect; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">any Contract, Authorization, Company Material Contract or other Contract to which the Company or any of
the Company Subsidiaries is bound or is subject or of which the Company or any of the Company Subsidiaries is the beneficiary except as
would not, individually or in the aggregate, have a Material Adverse Effect;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">give rise to any rights of first refusal, rights of first offer, trigger any change of control or influence
provisions or any other restriction or limitation, or require any consent or approval to be obtained or notice to be given or other action
by any Person under, any Company Material Contract;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">give rise to any right of termination or acceleration, or allow any Person to exercise any rights, constitute
a default under, or cause or give rise to, or permit the termination, cancellation, suspension, acceleration, penalty or payment obligation
or right to purchase or sale under, or other change of any right or obligation or the loss of any benefit to which the Company or any
Company Subsidiary is entitled, under any Company Material Contract to which the Company or any of the Company Subsidiaries is a party
or to which it or any of their respective properties or assets are bound, except as would not, individually or in the aggregate, have
a Material Adverse Effect;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">result in the imposition of any Encumbrance upon any of the property or assets of the Company or any of
the Company Subsidiaries or give any Person the right to acquire any of the Company&rsquo;s or any of the Company Subsidiaries&rsquo;
assets, or restrict, hinder, impair or limit the ability of the Company or any of the Company Subsidiaries to conduct the business of
the Company or any of the Company Subsidiaries as and where it is now being conducted which would, individually or in the aggregate, have
a Material Adverse Effect on the Company; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">except as disclosed in the Company Disclosure Letter, result in or accelerate the time for payment or
vesting of, or increase the amount of, any severance, unemployment compensation, &ldquo;golden parachute&rdquo;, bonus, termination payments
or similar payments becoming due to any employee, director or officer of the Company or any of the Company Subsidiaries or increase any
benefits otherwise payable under any Company Benefit Plan or result in the acceleration of the time of payment or vesting of any benefits
thereunder.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(6)</TD><TD STYLE="text-align: justify"><B>Authorizations. </B>No Authorization of, or declaration or filing with, any Governmental Entity or
other Person is required to be obtained by the Company or any of the Company Subsidiaries in connection with the execution and delivery
of this Agreement or the consummation by the Company of the transactions contemplated hereby other than: (i)&nbsp;the Interim Order and
any approvals required by the Interim Order; (ii)&nbsp;the Final Order and any approvals required by the Final Order; (iii)&nbsp;filings
required under the CBCA (including the Articles of Arrangement); (iv)&nbsp;filings with and approvals required by the Securities Authorities,
the SEC, the TSX and NYSE American; (v)&nbsp;the HSR Act Approval; and (vi)&nbsp;the Competition Act Approval.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(7)</TD><TD STYLE="text-align: justify"><B>Company Special Committee Recommendation and Company Board Approval</B>. (i)&nbsp;The Company Special
Committee and the Company Board have received the Fairness Opinions; (ii)&nbsp;the Company Special Committee, at a meeting duly called
and held, after consultation with management of the Company and legal and financial advisors, has unanimously determined that this Agreement
and the Arrangement are fair to the Company Shareholders and are in the best interests of the Company and unanimously determined to recommend
approval of this Agreement and the Arrangement to the Company Board and that the Company Board recommend that the Company Shareholders
vote in favour of the Arrangement Resolution; (iii)&nbsp;the Company Board, after consultation with its outside legal counsel and financial
advisors, has unanimously determined that the Arrangement is in the best interests of the Company and accordingly has approved the entering
into of this Agreement and the making of a recommendation that the Company Shareholders vote in favour of the Arrangement Resolution (the
 &ldquo;<B>Company Board Approval</B>&rdquo;); and (iii)&nbsp;each director or officer has advised the Company that he or she intends to
vote all the Company Common Shares held by him or her in favour of the Arrangement Resolution.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(8)</TD><TD STYLE="text-align: justify"><B>Company Subsidiaries</B>. The only Subsidiaries of the Company are the Company Subsidiaries and the
Company does not own a direct or indirect voting or equity interest in any Person that is not one of the Company Subsidiaries and has
no agreement or other commitment to acquire such interest. Except as disclosed in the Company Disclosure Letter, all of the Company Subsidiaries
are, directly or indirectly, wholly-owned by the Company. All of the outstanding shares and other ownership interests in the Company Subsidiaries
are duly authorized, validly issued, fully paid and non-assessable, and all such shares and other ownership interests held directly or
indirectly by the Company are, except pursuant to restrictions on transfer contained in constituting documents of such Subsidiaries, true,
copies of which have been provided to Triple Flag, are owned free and clear of all Encumbrances, and there are no outstanding options,
agreements, warrants, subscriptions, rights, entitlements, understandings or commitments (contingent or otherwise) regarding the right
of any Person to acquire any such shares or other ownership interests in or material assets or properties of any of the Company Subsidiaries.
Except as disclosed in the Company Disclosure Letter, Maverix Metals Trading DMCC has not engaged in any business, enterprise or other
activity or entered into any Contract, and the Company and no other Company Subsidiary has provided funding or capital, or otherwise entered
into any Contract in respect of or on behalf of Maverix Metals Trading DMCC.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(9)</TD><TD STYLE="text-align: justify"><B>No Defaults</B>. None of the Company and the Company Subsidiaries is in default under, and there exists
no event, condition or occurrence which, after notice or lapse of time or both, would constitute a default by the Company or any of the
Company Subsidiaries under:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">the articles, by-laws or other constating documents of the Company or any of the Company Subsidiaries;
or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">any Contract to which the Company or any of the Company Subsidiaries is a party or by which any of them
is bound that would, individually or in the aggregate, have a Material Adverse Effect on the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(10)</TD><TD STYLE="text-align: justify"><B>Company Authorizations</B>. The Company and the Company Subsidiaries have obtained all Authorizations
necessary for the ownership, operation, development, maintenance or use of the material assets of the Company and the Company Subsidiaries
or otherwise in connection with the material business or operations of the Company and the Company Subsidiaries and such Authorizations
are in full force and effect. The Company and the Company Subsidiaries have fully complied with and are in compliance with all Authorizations,
except, in each case, for such non-compliance which, individually or in the aggregate, would not have a Material Adverse Effect on the
Company. There is no action, investigation or proceeding pending or, to the knowledge of the Company, threatened regarding any of such
Authorizations. Neither the Company nor any of the Company Subsidiaries has received any notice, whether written or oral, of revocation
or non-renewal of any such Authorizations, or of any intention of any Person to revoke or refuse to renew any of such Authorizations,
except, in each case, for revocations or non-renewals which, individually or in the aggregate, would not have a Material Adverse Effect
on the Company and all such Authorizations continue to be effective in order for the Company and the Company Subsidiaries to continue
to conduct their respective businesses as they are currently being conducted. No Person other than the Company or any of the Company Subsidiaries
owns or has any proprietary, financial or other interest (direct or indirect) in any of such Authorizations.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(11)</TD><TD STYLE="text-align: justify"><B>Absence of Changes</B>. Since December&nbsp;31, 2021:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">the Company and each Company Subsidiary has conducted its business only in the ordinary and regular course
of business;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">except as disclosed in the Company Disclosure Letter, there has not occurred, and there exists no change,
event, occurrence or state of facts which has had or is reasonably likely to have, a Material Adverse Effect with respect to the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">except as disclosed in the Company Disclosure Letter, there has not been any acquisition or sale or any
agreement for the acquisition or sale by the Company or any Company Subsidiary of any material property or assets thereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">other than in the ordinary and regular course of business and except as disclosed in the Company Disclosure
Letter, there has not been: (A)&nbsp;any creation, incurrence, assumption or guarantee by the Company or any of the Company Subsidiaries
of any (i)&nbsp;Liability, Encumbrance or any other obligation of any nature, or (ii)&nbsp;Financial Indebtedness; (B)&nbsp;any making
by the Company or any Company Subsidiary of any loan, advance or capital contribution to or investment in any other Person (other than
loans made to other Company Subsidiaries); (C)&nbsp;any entering into, amendment of, relinquishment, termination or non-renewal by the
Company or any of the Company Subsidiaries, of any Contract or other right or obligation that would, individually or in the aggregate,
which has had, or is reasonably likely to have, a Material Adverse Effect on the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">except as disclosed in the Company Disclosure Letter, neither the Company nor any Company Subsidiary has
entered into, amended, relinquished, terminated or let lapse any Company Material Contract;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">except as disclosed in the Company Disclosure Letter, the Company has not declared or paid any dividends
or made any other distribution on any of the Company Common Shares, Company Preference Shares or made any redemption or other acquisition
of the Company Common Shares or Company Preference Shares;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: justify">except as disclosed in the Company Disclosure Letter, the Company has not effected or passed any resolution
to approve a split, consolidation or reclassification of any of the outstanding Company Common Shares or Company Preference Shares;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: justify">except as disclosed in the Company Disclosure Letter, there has not been any material increase in or modification
of the compensation or benefits payable or provided to or to become payable or provided by the Company or any of the Company Subsidiaries
to any of their respective directors, officers, employees or consultants, or any grant to any such director, officer, employee or consultant
of any material increase in severance or termination entitlements or any material increase or modification of any bonus, pension, insurance
or benefit entitlement (including grants of awards under any Company Benefit Plan) made to, for or with any of such directors, officers,
employees or consultants;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">the Company has not effected any material change in its accounting methods, principles or practices; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(j)</TD><TD STYLE="text-align: justify">neither the Company nor any Company Subsidiary has adopted or terminated any, or materially amended any,
collective bargaining agreement (or similar agreement), bonus, pension, profit sharing, equity (including without limitation, stock purchase
or stock option) or other Company Benefit Plan or shareholder rights plan.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(12)</TD><TD STYLE="text-align: justify"><B>Material Contracts</B>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Set out in the Company Disclosure Letter is a list of each Company Material Contract. The Company has
made available to Triple Flag for inspection true and complete copies of all Company Material Contracts to which the Company or any Company
Subsidiary is a party and no such Company Material Contract has been modified, rescinded or terminated.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Each Company Material Contract to which the Company or any Company Subsidiary is a party is in full force
and effect, unamended, and the Company or the Company Subsidiary is entitled to all rights and benefits thereunder in accordance with
the terms thereof. Each of the Company Material Contracts is a valid and binding obligation of the Company or the Company Subsidiary party
thereto, as applicable, and the other parties thereto enforceable in accordance with their respective terms, except as may be limited
by bankruptcy, insolvency and other Laws affecting the enforcement of creditors&rsquo; rights generally and subject to the qualification
that equitable remedies may only be granted in the discretion of a court of competent jurisdiction.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">The Company or the Company Subsidiary party thereto, as applicable, has performed in all material respects
all respective obligations required to be performed by it to date under the Company Material Contracts and neither the Company nor any
Company Subsidiary, or, to the knowledge of the Company, any of the other parties thereto, is in material breach or violation of or in
default under (in each case, with or without notice or lapse of time or both) any Company Material Contract and neither the Company nor
any Company Subsidiary has received or given any notice of default under any Company Material Contract which remains uncured, and, to
the knowledge of the Company, there exists no state of facts which after notice or lapse of time or both would constitute a default under
or material breach of any Company Material Contract or the inability of a party to any Company Material Contract to perform its obligations
thereunder.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">Neither the Company nor any Company Subsidiary has received any notice (whether written or oral), that
any party to a Company Material Contract intends to cancel, terminate or otherwise modify or not renew its relationship with the Company
or with the Company Subsidiary, as applicable, and, to the knowledge of the Company, no such action has been threatened.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(13)</TD><TD STYLE="text-align: justify"><B>Company Royalty and Stream Interests</B>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Each of the Company Royalty and Stream Interests is set out in the Company Disclosure Letter and the Company
has provided to Triple Flag true copies of each Company Royalty and Stream Agreement, none of which has been amended, modified, supplemented,
replaced or terminated except as described in the Company Disclosure Letter. Other than the Company Royalty and Stream Interests and as
disclosed in the Company Disclosure Letter, neither the Company nor any Company Subsidiary has, or has any interest or rights or options
to acquire, any royalty, streaming, net profit, production payment, mineral rights and interests (including mining, mineral or exploration
concessions, claims, leases, licenses, Authorizations or other rights to exploit, explore, develop, mine or produce any minerals or any
interest therein).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Other than as set out in the Company Disclosure Letter, the Company and the Company Subsidiaries are the
sole legal and beneficial owners, and have valid and sufficient right, title and interest, free and clear of any defect or Encumbrance:
(A)&nbsp;to each of the Company Royalty and Stream Interests; and (B)&nbsp;to, or are entitled to the benefits of, all of their respective
properties and assets of any nature whatsoever and to all benefits derived therefrom including all the properties and assets reflected
in the balance sheet forming part of the Company Public Disclosure Documents, except as indicated in the notes thereto or in the Company
Disclosure Letter, together with all additions thereto, and their interests in such properties and assets are not subject to any Encumbrance
(other than the Company Permitted Encumbrances) or defect in title of any kind.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">Except as disclosed in the Company Disclosure Letter, each Company Royalty and Stream Agreement is legal,
valid, binding and in full force and effect and is enforceable by the Company or a Company Subsidiary in accordance with its terms (subject
to bankruptcy, insolvency, reorganization, fraudulent transfer, moratorium and other applicable Laws relating to or affecting creditors&rsquo;
rights generally, and to general principles of equity). The Company and the Company Subsidiaries have not, directly or indirectly, assigned
any of their rights or obligations under and retain their full original economic interest in the Company Royalty and Stream Interests.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">Except as disclosed in the Company Disclosure Letter, neither the Company, nor any Company Subsidiary,
nor, to the knowledge of the Company, any counterparty to any Company Royalty and Stream Interest, is in breach thereof and there exists
no default or event of default or event, occurrence, condition or act, which, with the giving of notice, the lapse of time or the happening
of any other event or condition, would become a default, event of default or that would otherwise provide a counterparty with a termination
right or otherwise materially adversely affect any party&rsquo;s rights or obligations thereunder. Neither the Company nor any Company
Subsidiary has knowledge of, or has received notice of, any actual or alleged breach or default under nor, to the knowledge of the Company,
does there exist any condition which with the passage of time or the giving of notice or both would result in such a breach or default
under any Company Royalty and Stream Interest by any other party to such Company Royalty and Stream Interest. Except as disclosed in the
Company Disclosure Letter, no Person has any agreement or option or any right or privilege capable of becoming an agreement or option
for the purchase, assignment or acquisition, in whole or in part, of any interest in any Company Royalty and Stream Interest.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">Except as disclosed in the Company Disclosure Letter, there are no adverse Claims (i)&nbsp;directly against
the Company or any Company Subsidiary pending, (ii)&nbsp;which have not been asserted directly against the Company or a Company Subsidiary
which to the knowledge of the Company are pending, (iii)&nbsp;to the knowledge of the Company, threatened against the Company or the Company
Subsidiaries or (iv)&nbsp;to the knowledge of the Company, that have been commenced, or are pending or threatened, relating to the Company
Underlying Mineral Properties which could affect the Company&rsquo;s or its Subsidiaries&rsquo; right, title or interest in the Company&rsquo;s
assets or the ability of the Company or its Subsidiaries to receive the benefits associated with the Company&rsquo;s assets, including
the title to or ownership by the Company or the Company Subsidiaries of the foregoing, or which might involve the possibility of any judgement
or Liability affecting the Company Royalty and Stream Interests.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">Other than as set out in the Company Disclosure Letter: (A)&nbsp;the Company and its Subsidiaries have
the exclusive right to own and receive all benefits associated with the Company Royalty and Stream Interests; (B)&nbsp;no Person other
than the Company or its Subsidiaries has any interest in the Company Royalty and Stream Interests or the production, payments, benefits
or profits therefrom, or any right to acquire or otherwise obtain any such interest; (C)&nbsp;there are no back-in rights, earn-in rights,
rights of first refusal, off-take rights or obligations, third party royalty rights, third party streaming rights, or other rights of
any nature whatsoever which would affect the Company&rsquo;s or its Subsidiaries&rsquo; interests in the Company Royalty and Stream Interests,
and no such rights are threatened; (D)&nbsp;there is no Contract or any other right or obligation binding upon, or which at any time in
the future may become binding upon the Company or any of its Subsidiaries requiring it to sell, transfer, assign, pledge, charge, mortgage
or in any other way dispose of or encumber any of the Company Royalty and Stream Interests; (E)&nbsp;neither the Company nor any Company
Subsidiary has received any notice, whether written or oral, from any Governmental Entity or any other Person of any revocation or intention
to revoke, diminish or challenge its interest in the Company Royalty and Stream Interests; and (F)&nbsp;each of the Company Royalty and
Stream Interests and Company Royalty and Stream Agreements complies with all Laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">C-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --> </P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: justify">Except as disclosed in the Company Disclosure Letter, none of the directors or officers of the Company
holds any right, title or interest in, nor has taken any action to obtain, directly or indirectly, any right, title and interest in any
of the Company&rsquo;s assets or in any Authorization, concession, claim, lease, licence or other right with respect to the Company&rsquo;s
assets or the Company Underlying Mineral Properties.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: justify">The execution, delivery and performance by the Company of its obligations under this Agreement and the
consummation of the Arrangement and the other transactions contemplated hereby do not and will not (or would not with the giving of notice,
the lapse of time or the happening of any other event or condition):</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">contravene, conflict with or result in a violation or breach of any Law applicable to the Company or any
Company Subsidiary with respect to any Company Royalty and Stream Interest;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">except as disclosed in the Company Disclosure Letter, contravene, conflict with, or result in a violation
or breach of, or allow any Person to exercise any rights, require any consent or approval to be obtained or notice to be given under,
or constitute a default under, or cause or give rise to a third party right of termination, cancellation, suspension, acceleration, penalty
or payment obligation or right to purchase or sale under, or other change of any right or obligation or the loss of any benefit to which
the Company or any Company Subsidiary is entitled (including by triggering any rights of first refusal or first offer, change in control
provision or other restriction or limitation) under any Company Royalty and Stream Agreement; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">result in the creation or imposition of any Encumbrance (other than Company Permitted Encumbrances) in
respect of any Company Royalty and Stream Interest.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">The Company has obtained and has maintained all governmental and third-party Authorizations necessary
for execution, delivery and performance of each Company Key Royalty and Stream Agreement and consummation of the transactions thereunder.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(j)</TD><TD STYLE="text-align: justify">The Company does not have any knowledge of any fact relating to any of its Company Royalty and Stream
Interests, which would reasonably be expected to materially and adversely affect the business, operations or condition (financial or otherwise)
or prospects of the Company and the Company Subsidiaries, taken as a whole. To the Company&rsquo;s knowledge, in respect of the Company
Underlying Mineral Properties in respect of the Company Key Royalty and Stream Agreements:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">The owner or operator (for the purposes of this Section&nbsp;(13) of Schedule&nbsp;C, an &ldquo;<B>Operator</B>&rdquo;
or the &ldquo;<B>Operators</B>&rdquo;) of each Company Underlying Mineral Property holds all material requisite Authorizations necessary
or appropriate for carrying on its respective business as currently carried on with respect to the Company Underlying Mineral Property
and that such Authorizations are not invalid and are subsisting and in good standing in accordance with applicable Laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">No Operator has received any notice of any Claims relating to the revocation or adverse modification of
any material mining license, registration, qualification or Authorization, and no Operator has received notice of the revocation or cancellation
of, or any intention to revoke or cancel, any mining rights, exploration or prospecting rights, concessions or licenses with respect to
any Company Underlying Mineral Property.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">No part of the Company Underlying Mineral Properties has been taken, revoked, condemned or expropriated
by any Governmental Entity nor has any written notice or Claim in respect thereof been given, commenced or threatened or is pending, nor
does the Company have any knowledge of the intent or proposal to give any such notice or commence any such Claim.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(14)</TD><TD STYLE="text-align: justify"><B>No Contracts or Commitments</B>. Except as disclosed in the Company Disclosure Letter, there are no
Contracts, covenants, undertakings or other commitments of or on behalf of the Company under which the completion of the Arrangement or
the other transactions contemplated herein would: (i)&nbsp;have the effect of imposing restrictions or obligations on the Company; or
(ii)&nbsp;impose restrictions on the ability of the Company to pay any dividends or make other distributions to its shareholders.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(15)</TD><TD STYLE="text-align: justify"><B>Employment Agreements</B>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">The Company has provided Triple Flag with a true and complete copy of each employment agreement or offer
letter (or similar agreement) relating to current employees of the Company and the Company Subsidiaries and all amendments thereto.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">The Company has provided Triple Flag with a true and complete copy of each employment agreement or offer
letter (or similar agreement) or termination or severance agreement (or similar agreement) relating to any former employees of the Company
or the Company Subsidiaries pursuant to which there are any outstanding Claims.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">The Company and the Company Subsidiaries are and have been operated in compliance with all applicable
Laws relating to employment and labour, including without limitation, with respect to wages, hours of work, overtime, vacation, termination
of employment, accessibility, human rights, discrimination and harassment and there are no outstanding Claims under any such Laws and
to the knowledge of the Company, there is no basis for any Claims under such Laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">There is no Claim pending or, to the knowledge of the Company, threatened involving any employee or former
employee of the Company or the Company Subsidiaries with respect to their employment or the termination thereof and there has been none
for the past five (5)&nbsp;years.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">All amounts due or accrued for all salary, wages, fees, incentive compensation (including bonuses, commissions,
annual incentives and long-term incentives), vacation with pay, sick days, benefits and other direct compensation for services in respect
of each employee of the Company and the Company Subsidiaries have been paid. Neither the Company nor any of the Company Subsidiaries are
(i)&nbsp;delinquent with respect to payments or the provision of compensation and benefits to any of its employees (or former employees)
for any salaries, wages, fees, incentive compensation (including bonuses, commissions, annual incentives and long-term incentives), vacation
with pay or other direct compensation for any services performed by them or amounts required to be reimbursed to such persons or any Taxes
or any penalty for failure to comply with any of the foregoing, or (ii)&nbsp;liable for any payment to any trust or other fund or to any
Governmental Entity, with respect to unemployment or workers&rsquo; compensation benefits, social security or other benefits or obligations
for employees (other than immaterial routine payments to be made pursuant to claims in the ordinary course of business or as required
by applicable Laws).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">Except as disclosed in the Company Disclosure Letter, neither the Company nor any of the Company Subsidiaries
is a party to any written or oral policy, Contract or understanding providing for severance or termination entitlements that would be
triggered or increased by, or in connection with, the Company entering into this Agreement or the completion of the Arrangement, in each
case, whether separately or together with any other action.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: justify">Neither the Company nor any Company Subsidiary has any employee or consultant whose employment or Contract
with the Company or one of the Company Subsidiaries cannot be terminated by the Company or the Company Subsidiaries, as applicable.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: justify">Neither the Company nor any Company Subsidiary is or has been: (a)&nbsp;a party to any collective bargaining
agreement (or similar agreement); (b)&nbsp;to the knowledge of the Company, subject to any application for certification or threatened
or apparent union-organizing campaigns for employees not covered under a collective bargaining agreement (or similar Contract); or (c)&nbsp;subject
to any current, or to the knowledge of the Company, pending or threatened strike, lockout, slowdown or work stoppage.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(16)</TD><TD STYLE="text-align: justify"><B>Financial Matters</B>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">The Company&rsquo;s audited consolidated financial statements as at and for the financial year ended December&nbsp;31,
2021 and consolidated interim financial report for the three month period ended June&nbsp;30, 2022 (collectively, the &ldquo;<B>Company
Financial Statements</B>&rdquo;) were prepared in accordance with IFRS and present fairly, in all material respects, the consolidated
financial position of the Company at the respective dates indicated, and its consolidated financial performance and its consolidated cash
flows for the periods then ended. The Company does not have any Liability (including Liabilities to fund any operations or work or exploration
program to give any guarantees or for Taxes other than Taxes not yet due), whether accrued, absolute, contingent or otherwise, or any
related party transactions or off-balance sheet transactions not reflected in the Company Financial Statements except (i)&nbsp;Liabilities
incurred in the ordinary and regular course of business since June&nbsp;30, 2022, which Liabilities would not reasonably be expected to
have a Material Adverse Effect on the Company, and (ii)&nbsp;Liabilities incurred in the ordinary and regular course of business that
are not required to be set forth in the Company Financial Statements under IFRS.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">As at November&nbsp;9, 2022, the aggregate cash balance held by the Company and the Company Subsidiaries
is approximately $19,457,407.34.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">The Company maintains disclosure controls and procedures (as such term is defined in Rule&nbsp;13a-15(e)&nbsp;under
the 1934 Act) that comply with the requirements of the 1934 Act and such disclosure controls and procedures are effective. The Company
maintains a system of internal control over financial reporting (as such term is defined in Rule&nbsp;13a-15(f)&nbsp;under the 1934 Act)
which complies with the requirements of the 1934 Act. Such system of internal control over financial reporting is effective in providing
reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes
in accordance with IFRS.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">The Company maintains a system of disclosure controls and procedures (as such term is defined in NI&nbsp;52-109)
to provide reasonable assurance that (i)&nbsp;material information relating to the Company is made known to the Company&rsquo;s management,
including its chief financial officer and chief executive officer, particularly during the periods in which the Company&rsquo;s interim
filings and annual filings (as such terms are defined in NI&nbsp;52-109) are being prepared; and (ii)&nbsp;information required to be
disclosed by the Company in its annual filings, interim filings or other reports filed or submitted by it under applicable securities
Laws are recorded, processed, summarized and reported within the time periods specified in applicable securities Laws. The Company maintains
a system of internal control over financial reporting (as such term is defined in NI&nbsp;52-109) that is designed to provide reasonable
assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance
with IFRS. Since December&nbsp;31, 2021, there has been no material change in the Company&rsquo;s internal control over financial reporting.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">Since December&nbsp;31, 2021, neither the Company nor any of the Company Subsidiaries nor, to the Company&rsquo;s
knowledge, any director, officer, employee, auditor, accountant or representative of the Company or any of the Company Subsidiaries has
received or otherwise had or obtained knowledge of any complaint, allegation, assertion, or Claim, whether written or oral, regarding
the accounting or auditing practices, procedures, methodologies or methods of the Company or any of the Company Subsidiaries or their
respective internal accounting controls, including any complaint, allegation, assertion, or Claim that the Company or any of the Company
Subsidiaries has engaged in questionable accounting or auditing practices, which has not been resolved to the satisfaction of the audit
committee of the Company Board.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(17)</TD><TD STYLE="text-align: justify"><B>Auditors</B>. The auditors of the Company are independent public accountants as required by applicable
Laws and there is not now, and there has never been, any reportable event (as defined in NI 51-102) with the present or any former auditors
of the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(18)</TD><TD STYLE="text-align: justify"><B>Books and Records</B>. The corporate records and minute books of the Company and the Company Subsidiaries
have been maintained in accordance with all applicable Laws and are complete and accurate in all respects, except where such incompleteness
or inaccuracy would not have a Material Adverse Effect on the Company. Financial books and records and accounts of the Company and the
Company Subsidiaries, in all material respects: (i)&nbsp;have been maintained in accordance with good business practices on a basis consistent
with prior years and past practice, in accordance with IFRS and the accounting principles generally accepted in the country of domicile
of such entity; (ii)&nbsp;are stated in reasonable detail and accurately and fairly reflect the transactions and acquisitions and dispositions
of assets of the Company and the Company Subsidiaries; and (iii)&nbsp;accurately and fairly reflect the basis for the Company Financial
Statements.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(19)</TD><TD STYLE="text-align: justify"><B>Litigation</B>. Except as disclosed in the Company Disclosure Letter, there is no Claim pending or
in progress or, to the knowledge of the Company, threatened against or relating to the Company, any of the Company Subsidiaries or affecting
any of their respective properties or assets before any Governmental Entity which individually or in the aggregate has, had, or could
reasonably be expected to have, a Material Adverse Effect on the Company or that would materially impede the consummation of the transactions
contemplated by this Agreement. There is no bankruptcy, liquidation, winding-up or other similar proceeding pending or in progress, or,
to the knowledge of the Company, threatened against or relating to the Company or any of the Company Subsidiaries before any Governmental
Entity. Neither the Company nor any Company Subsidiary nor any of their respective properties or assets is subject to any outstanding
Authorization that involves or may involve, or restricts or may restrict the right or ability of the Company or any of the Company Subsidiaries,
as the case may be, to conduct its business in all material respects as it has been carried on prior to the date hereof, or that would
materially impede the consummation of the transactions contemplated by this Agreement or have a Material Adverse Effect on the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(20)</TD><TD STYLE="text-align: justify"><B>Interest in Properties</B>. Except as disclosed in the Company Disclosure Letter:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Neither the Company nor any Company Subsidiary owns, has any interest in, or is a party to or bound by
or subject to any Contract or commitment, or any option to purchase, any real or immovable property.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">All of the existing leases, subleases, licenses or other agreements pursuant to which the Company or any
of its Subsidiaries uses or occupies, or has the right to use or occupy, now or in the future, any real property (such property, the &ldquo;<B>Leased
Real Property</B>&rdquo;, and each such lease, sublease, license or other agreement, a &ldquo;<B>Lease</B>&rdquo;). Each such Lease is
accurately disclosed in the Company Disclosure Letter. Other than the Leased Real Property set out in the Company Disclosure Letter, none
of the Company and the Company Subsidiaries uses, leases or has any interest in any real property or any mineral interests or rights.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">With respect to the Leased Real Property, each Lease constitutes a legal, valid and binding obligation
of the Company or a Company Subsidiary, as the case may be, enforceable against the Company or such Company Subsidiary, as the case may
be, in accordance with its terms and is in full force and effect (subject to bankruptcy, insolvency, reorganization, fraudulent transfer,
moratorium and other applicable Laws relating to or affecting creditors&rsquo; rights generally, and to general principles of equity),
and, to the knowledge of the Company, the Company or a Company Subsidiary has valid leasehold estates in the Leased Real Property, free
and clear of all Encumbrances (other than Company Permitted Encumbrances or any other Encumbrances arising by, through or under the Company
or any Company Subsidiary).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">Except as disclosed in the Company Disclosure Letter, neither the Company nor any Company Subsidiary,
as the case may be, is in breach of or default under any such Lease and no event has occurred which, without the giving of notice or lapse
of time, or both, would constitute a breach of or default under any such Lease. To the knowledge of the Company, no counterparty to any
such Lease is in default thereunder and there are no disputes with respect to any such Lease and neither the Company nor any Company Subsidiary
has collaterally assigned or granted any other security interest in any such Lease or any interest therein, and there are no Encumbrances
(other than Company Permitted Encumbrances) on the estate or interest created by any such Lease.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(21)</TD><TD STYLE="text-align: justify"><B>Records and Data. </B>The Company has delivered to Triple Flag, or provided Triple Flag with access
to, all material scientific and technical information in its possession or under its control relating to the Company Royalty and Stream
Interests, including (i)&nbsp;geological, geophysical, geochemical, sampling, drilling, trenching, analytical testing, assaying, mineralogical,
metallurgical and other similar information, including maps, charts and surveys, (ii)&nbsp;scoping, pre-feasibility, feasibility, engineering
and other technical studies, exploration plans, development plans, mine plans or similar studies or analyses, (iii)&nbsp;plans, blueprints,
process flow sheets, equipment and parts lists, instructions, manuals, and equipment records and procedures, and (iv)&nbsp;exploration,
development, operations, production and other technical records, data and reports.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(22)</TD><TD STYLE="text-align: justify"><B>Technical Matters</B>. Since January&nbsp;1, 2022, the Company is in material compliance with the applicable
provisions of NI 43-101 and has duly filed with the applicable regulatory authorities all reports required by NI 43-101, and all such
reports complied in all material respects with the requirements of NI 43-101 at the time of filing thereof. The scientific and technical
information set forth in the Company Public Disclosure Documents relating to mineral resources and mineral reserves required to be disclosed
therein pursuant to NI 43-101 has been prepared by the Company and/or, to the knowledge of the Company, the Operators and their respective
consultants, as applicable, in accordance with methods generally applied in the mining industry and conforms in all material respects
with the requirements of NI 43-101 and securities Laws. At the date hereof, there are no outstanding unresolved comments of any Securities
Authority, the SEC or any stock exchange in respect of the technical disclosure made in the Company Public Disclosure Documents.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(23)</TD><TD STYLE="text-align: justify"><B>Off-Balance Sheet Transactions</B>. None of the Company or any of the Company Subsidiaries is party
to or bound by any operating leases or any &ldquo;off-balance sheet&rdquo; transactions or arrangements.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(24)</TD><TD STYLE="text-align: justify"><B>Title and Rights re: Other Assets</B>. Except as disclosed in the Company Disclosure Letter, the Company
and the Company Subsidiaries have good and valid title to all their respective material properties and assets reflected in the Company
Financial Statements (or acquired after June&nbsp;30, 2022) or valid leasehold or licence interests in all material properties and assets
not reflected in such financial statements but used by the Company or any of the Company Subsidiaries, free and clear of all material
Encumbrances other than the Company Permitted Encumbrances, and there are no back-in rights, earn-in rights, purchase options, rights
to first refusal or similar provisions or rights which would affect the Company&rsquo;s or one of the Company Subsidiaries&rsquo; interest
in any of the foregoing-described material properties and assets other than the Leased Real Property.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(25)</TD><TD STYLE="text-align: justify"><B>Intellectual Property</B>. Each of the Company and the Company Subsidiaries owns or has the right to
use all Intellectual Property required to carry on its business as currently conducted and proposed to be conducted. To the knowledge
of the Company, there has been no claim of infringement by any of the Company or any of the Company Subsidiaries or breach by the Company
or any of the Company Subsidiaries of any Intellectual Property rights or industrial rights of any other Person, and neither the Company
nor any Company Subsidiary has received any notice that the conduct of its business infringes on any Intellectual Property rights or industrial
rights of any other Person.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(26)</TD><TD STYLE="text-align: justify"><B>Operational Matters</B>. Except as would not, individually or in the aggregate, be reasonably expected
to result in a Material Adverse Effect on the Company or as disclosed in the Company Disclosure Letter:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">all rentals, royalties, overriding royalty interests, production payments, net profits, interest burdens,
payments and obligations due and payable, or performable, as the case may be, on or prior to the date hereof under, with respect to, or
on account of, any direct or indirect assets of the Company or any of the Company Subsidiaries, have been: (A)&nbsp;duly paid; (B)&nbsp;duly
performed; or (C)&nbsp;provided for prior to the date hereof; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">all costs, expenses, and liabilities payable on or prior to the date hereof under the terms of any Contracts
to which the Company or any of the Company Subsidiaries is directly or indirectly bound, have been properly and timely paid, except for
such expenses that are being currently paid prior to delinquency in the ordinary course of business.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(27)</TD><TD STYLE="text-align: justify"><B>Insurance</B>. The Company maintains policies of insurance in amounts and in respect of such risks
as are normal and usual for companies of a similar size operating in the streaming and royalty industry and such policies are in full
force and effect as of the date hereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(28)</TD><TD STYLE="text-align: justify"><B>Environmental</B>. Except to the extent that any violation or other matter referred to in this subsection
does not, individually or in the aggregate, have a Material Adverse Effect on the Company:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">the Company and the Company Subsidiaries are and have been in compliance with, and are not in violation
of, any Environmental Laws;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">the Company and the Company Subsidiaries have operated their respective business at all times and have
generated, received, handled, used, stored, treated, shipped and disposed of all Hazardous Substances in compliance with Environmental
Laws;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">there have been no Releases of Hazardous Substances into or in the earth, air or any body of water, whether
surface or otherwise, or any municipal or other sewer or drain or drinking or water systems, by the Company or any of the Company Subsidiaries
or at, to or from the Company&rsquo;s or any of the Company Subsidiaries&rsquo; assets or operations;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">no notifications, directives, demands, Claims, instructions, directions or notices have been issued and
remain outstanding by any Governmental Entity pursuant to any Environmental Laws relating to the business or assets of the Company or
any of the Company Subsidiaries;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">neither the Company nor any of the Company Subsidiaries has failed to report to the proper Governmental
Entity the occurrence of any event which is required to be so reported by any Environmental Laws;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">the Company and the Company Subsidiaries have made available to Triple Flag all material audits, assessments,
investigation reports, studies, plans, regulatory correspondence and similar information with respect to environmental, health, and safety
matters; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: justify">to the knowledge of the Company, neither the Company nor any Company Subsidiary is subject to any past
or present fact, condition or circumstance that could reasonably be expected to result in Liability under any Environmental Laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(29)</TD><TD STYLE="text-align: justify"><B>Indigenous Affairs</B>. Except as disclosed in the Company Disclosure Letter:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">(A)&nbsp;the Company and the Company Subsidiaries are carrying on business in compliance in all material
respects with all Laws associated with aboriginal-related matters, and (B)&nbsp;there are no facts that could give rise to non-compliance
by the Company or any of the Company Subsidiaries in respect of any such Laws;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">there are no Contracts, written or verbal, between the Company or any Company Subsidiary and any Indigenous
Group;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">there are no Claims (i)&nbsp;asserted directly against the Company or any Company Subsidiary, (ii)&nbsp;which
have not been asserted directly against the Company or a Company Subsidiary which to the knowledge of the Company are pending, (iii)&nbsp;to
the knowledge of the Company, threatened affecting the Company or any of the Company Subsidiaries, or (iv)&nbsp;to the knowledge of the
Company, that have been commenced, or are pending or threatened relating to the Company Underlying Mineral Properties, at law or in equity
before or by any Governmental Entity, with respect to Indigenous rights or the duty to consult. Neither the Company nor any of the Company
Subsidiaries is subject to any outstanding Authorization with respect to such Indigenous rights or duty to consult;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">to the knowledge of the Company, no blockade, occupation, illegal action or on-site protest by an Indigenous
Group has occurred or has been threatened in connection with the activities on the Company Underlying Mineral Properties; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">no information has been received by the Company or its Subsidiaries, or to the knowledge of the Company,
by any of the Operators, from an Indigenous Group which could reasonably be expected to have a Material Adverse Effect on the Company
or the Company Royalty and Stream Interests.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(30)</TD><TD STYLE="text-align: justify"><B>NGOs and Community Groups. </B>No dispute between the Company or the Company Subsidiaries, or to the
knowledge of the Company, the Operators of the Company Underlying Mineral Properties, and any non-governmental organization, community,
or community group exists or, to the knowledge of the Company, is threatened or imminent with respect to any of the Company Royalty and
Stream Interests or the Company Underlying Mineral Properties. The Company has provided Triple Flag and the Triple Flag Representatives
with full and complete access to all material correspondence received by the Company, its Subsidiaries and their respective Company Representatives
from any non-governmental organization, community, community group or Indigenous Group.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(31)</TD><TD STYLE="text-align: justify"><B>Employment, Labour, Health and Safety</B>. Except as would not, individually or in the aggregate, have
a Material Adverse Effect:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">the Company and each of the Company Subsidiaries has operated in all material respects in accordance with
all applicable Laws with respect to employment and labour, including employment and labour standards, occupational health and safety,
employment equity, pay equity, workers&rsquo; compensation, human rights, labour relations and privacy, and there are no current, pending,
or to the knowledge of the Company, threatened proceedings before any Governmental Entity with respect to any such matters;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">neither the Company nor any of the Company Subsidiaries, nor to the knowledge of the Company, any of the
Operators, has received any demand or notice with respect to a breach of any applicable health and safety Laws, the effect of which would
be reasonably expected to materially and detrimentally affect operations relating to the Company Underlying Mineral Properties in respect
of the Company Key Royalty and Stream Agreements; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">there are no outstanding assessments, penalties, fines, liens, charges, surcharges, or other amounts due
or owing pursuant to any workplace safety and insurance Law and neither the Company nor any of the Company Subsidiaries has been reassessed
in any respect under such Law during the past three (3)&nbsp;years and, to the knowledge of the Company, no audit of the Company or the
Company Subsidiaries is currently being performed pursuant to any applicable workplace safety and insurance Law. There are no Claims pending
against the Company or the Company Subsidiaries, or to the knowledge of the Company, against any of the Operators (or naming the Company,
the Company Subsidiaries or any Operator as a potentially responsible party) based on non-compliance with any applicable health and safety
Laws at any of the operations relating to the Company Underlying Mineral Properties in respect of the Company Key Royalty and Stream Agreements.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(32)</TD><TD STYLE="text-align: justify"><B>Tax Matters</B>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Each of the Company and the Company Subsidiaries has duly and timely made or prepared all federal income
Tax Returns and all other material Tax Returns required to be made or prepared by it, has duly and timely filed all federal income Tax
Returns and all other material Tax Returns required to be filed by it with the appropriate Governmental Entity and such Tax Returns are
true, complete and correct;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Each of the Company and the Company Subsidiaries has: (A)&nbsp;duly and timely paid all material Taxes
due and payable by it; (B)&nbsp;duly and timely deducted or withheld all material Taxes and other amounts required by Law to be deducted
or withheld by it and has duly and timely remitted to the appropriate Governmental Entity such material Taxes and other amounts required
by Laws to be remitted by it; and (C)&nbsp;duly and timely collected all amounts on account of sales or transfer taxes, including goods
and services, harmonized sales, sales, value added, federal, provincial, state or territorial sales taxes, required by Laws to be collected
by it and have duly and timely remitted to the appropriate Governmental Entity any such amounts required by Laws to be remitted by it;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">The charges, accruals and reserves for Taxes reflected on the Company Financial Statements (whether or
not due and whether or not shown on any of the Tax Returns but excluding any provision for deferred income taxes) are, in the opinion
of the Company, adequate under IFRS to cover Taxes with respect to the Company and the Company Subsidiaries for the periods covered thereby;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">There are no Claims now pending or, to the knowledge of the Company, threatened against any of the Company
or the Company Subsidiaries in respect of any Taxes and there are no matters under discussion, audit or appeal with any Governmental Entity
relating to Taxes;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">Neither the Company nor any of the Company Subsidiaries has requested, offered to enter into or entered
into any Contract, or executed any waiver, providing for an extension within which (i)&nbsp;to file any Tax Return covering any Taxes
for which it is or may be liable; (ii)&nbsp;to file any elections, designations or similar filings relating to Taxes for which it is or
may be liable; (iii)&nbsp;it is required to pay or remit amounts on account of Taxes; or (iv)&nbsp;any Governmental Entity may assess
or collect Taxes for which it may be liable;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">Except as disclosed in the Company Disclosure Letter, neither the Company nor any of the Company Subsidiaries
is bound by, is party to, or has any obligation under any tax sharing, allocation, indemnification or similar agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: justify">Since the date of the most recent interim financial report included in the Company Financial Statements,
neither the Company nor any of the Company Subsidiaries has incurred any material Liability, whether actual or contingent, for Taxes or
engaged in any transaction or event that would result in any material Liability, whether actual or contingent, for Taxes, other than in
the ordinary course of business;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: justify">For all material transactions between the Company or a Company Subsidiary and any Person not resident
in Canada for purposes of the Tax Act with whom the Company or such Company Subsidiary was not dealing at arm&rsquo;s length, the Company
or such Company Subsidiary has made or obtained records or documents that meet the requirements of paragraphs 247(4)(a)&nbsp;to (c)&nbsp;of
the Tax Act and there are no material transactions to which subsection 247(2)&nbsp;or subsection 247(3)&nbsp;of the Tax Act may reasonably
be expected to apply;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">Neither the Company nor any of the Company Subsidiaries has made or incurred any deductible outlay or
expense owing to a Person not dealing at arm&rsquo;s length with the Company or such Company Subsidiary, the amount of which would, absent
an election under paragraph 78(1)(b)&nbsp;of the Tax Act, be included in the Company or such Company Subsidiary&rsquo;s income for Canadian
income tax purposes for any taxation year or other fiscal period that ends after the Effective Date under paragraph 78(1)(a)&nbsp;of the
Tax Act or a corresponding provision of provincial Law;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(j)</TD><TD STYLE="text-align: justify">None of Sections 78 or 80 to 80.04 of the Tax Act (or comparable provisions of any other applicable legislation)
have applied to the Company or the Company Subsidiaries, and there are no circumstances existing which could reasonably be expected to
result in the application of Sections 78 or 80 to 80.04 of the Tax Act (or comparable provisions of any other applicable legislation)
to the Company or the Company Subsidiaries;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(k)</TD><TD STYLE="text-align: justify">There are no circumstances which exist and would result in, or which have existed and resulted in, Section&nbsp;17
of the Tax Act requiring a material amount to be included in the income of the Company or to the Company Subsidiaries. Neither the Company
nor any of the Company Subsidiaries is obligated to make any material payments or is a party to any Contract under which it could be obligated
to make any payment that will not be deductible in computing its income under the Tax Act by virtue of Section&nbsp;67 of the Tax Act;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(l)</TD><TD STYLE="text-align: justify">true copies of all income Tax Returns prepared and filed by the Company and the Company Subsidiaries since
January&nbsp;1, 2019, and true copies of all other Tax Returns copies of which were requested by Triple Flag, in each case together with
any related notices of assessment received by the Company and the Company Subsidiaries during the past three (3)&nbsp;years, have been
made available to Triple Flag on or before the date of this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(m)</TD><TD STYLE="text-align: justify">Neither the Company and the Company Subsidiaries has acquired property from a non-arm&rsquo;s length Person,
within the meaning of the Tax Act: (A)&nbsp;for consideration the value of which is less than the fair market value of the property; or
(B)&nbsp;as a contribution of capital for which no shares were issued by the acquirer of the property;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(n)</TD><TD STYLE="text-align: justify">for the purposes of the Tax Act and any other relevant Tax purposes:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">the Company is resident in Canada; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">each of the Company Subsidiaries is resident in the jurisdiction in which it was formed, and is not resident
in any other country;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(o)</TD><TD STYLE="text-align: justify">neither the Company nor any of the Company Subsidiaries is required to file any Tax Returns outside of
its jurisdiction of incorporation;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(p)</TD><TD STYLE="text-align: justify">there are no Encumbrances for Taxes upon any properties or assets of the Company or any of the Company
Subsidiaries (other than Encumbrances relating to Taxes not yet due and payable or which are being contested in good faith and for which
adequate reserves have been recorded on the most recent balance sheet included in the Company Financial Statements);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(q)</TD><TD STYLE="text-align: justify">except as disclosed in the Company Disclosure Letter, neither the Company nor any Company Subsidiary is
a party to any Contract or plan that has resulted or could result, separately or in the aggregate, in the payment of (i)&nbsp;any &ldquo;excess
parachute payment&rdquo; within the meaning of Section&nbsp;280G of the Code (or any corresponding provision of state, local, or non-U.S.
Tax law) or (ii)&nbsp;any amount that will not be fully deductible as a result of Section&nbsp;162(m)&nbsp;of the Code (or any corresponding
provision of state, local, or non-U.S. Tax law);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(r)</TD><TD STYLE="text-align: justify">no Company Subsidiary will be required to include any item of income in, or exclude any item of deduction
from, taxable income for any taxable period (or portion thereof) ending after the Effective Date as a result of any:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">change in method of accounting for a taxable period ending on or prior to the Effective Date;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">use of an improper method of accounting for a taxable period ending on or prior to the Effective Date;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">&ldquo;closing agreement&rdquo; as described in Section&nbsp;7121 of the Code (or any corresponding or
similar provision of state, local, or non-U.S. income Tax law) executed on or prior to the Effective Date;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">installment sale or open transaction disposition made on or prior to the Effective Date; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify">prepaid amount received, other than in the ordinary course of business, on or prior to the Effective Date;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(s)</TD><TD STYLE="text-align: justify">except as disclosed in the Company Disclosure Letter, neither the Company nor any Person acting on its
behalf has made a formal determination whether the Company is or was classified as a &ldquo;passive foreign investment company&rdquo;
within the meaning of Section&nbsp;1297 of the Code for any taxable year;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(t)</TD><TD STYLE="text-align: justify">the Company is not and has never been a &ldquo;controlled foreign corporation&rdquo; within the meaning
of Section&nbsp;957 of the Code;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(u)</TD><TD STYLE="text-align: justify">no Company Subsidiary has distributed stock of another Person, or has had its stock distributed by another
Person, in a transaction that was purported or intended to be governed in whole or in part by Sections 355 or 361 of the Code (i)&nbsp;within
the last two years or (ii)&nbsp;that could otherwise constitute part of a &ldquo;plan&rdquo; or &ldquo;series of transactions&rdquo; (within
the meaning of Section&nbsp;355(e)&nbsp;of Code) in conjunction with this Agreement; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify">neither the Company nor any Company Subsidiary is or has been a party to any &ldquo;reportable transaction&rdquo;
as defined in Section&nbsp;6707A(c)(1)&nbsp;of the Code and Section&nbsp;1.6011-4(b)&nbsp;of the Treasury Regulations promulgated under
the Code.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(33)</TD><TD STYLE="text-align: justify"><B>Non-Arm&rsquo;s Length Transactions</B>. Except for employment or employment compensation agreements
entered into in the ordinary course of business, and except as disclosed in the Company Disclosure Letter, there are no current Contracts,
arrangements or other transactions (including relating to Financial Indebtedness by the Company or any of the Company Subsidiaries) between
the Company or any of the Company Subsidiaries on the one hand, and any: (i)&nbsp;officer or director of the Company or any of the Company
Subsidiaries; (ii)&nbsp;any holder of record or, to the knowledge of the Company, beneficial owner of 5% percent or more of the voting
securities of the Company; or (iii)&nbsp;any affiliate or associate of any such officer, director or beneficial owner, on the other hand.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(34)</TD><TD STYLE="text-align: justify"><B>Pension and Employee Benefits</B>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">The Company Disclosure Letter contains a true, complete and accurate list of all Company Benefit Plans
and, except as disclosed in the Company Disclosure Letter, the Company Benefit Plans have not been amended, terminated, varied or otherwise
supplemented since December&nbsp;31, 2021.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">The Company has made available to Triple Flag: (i)&nbsp;true and complete copies of all material documents
setting forth the terms of each Company Benefit Plan, including all amendments thereto and all related trust documents; (ii)&nbsp;the
most recent annual report in connection with each Company Benefit Plan, if any; (iii)&nbsp;the most recent actuarial report for each Company
Benefit Plan, if any; (iv)&nbsp;the most recent summary plan description with respect to each Company Benefit Plan, if any; and (v)&nbsp;all
material Contracts, relating to each Company Benefit Plan, including administrative service agreements and group insurance Contracts.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">All Company Benefit Plans are, and have been, established, registered, qualified, administered, sponsored,
funded and invested in accordance with the terms of such Company Benefit Plan, including the terms of the material documents that support
such Company Benefit Plan, and all applicable Laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">Except as disclosed in the Company Disclosure Letter, none of the Company Benefit Plans provides for,
and no employees, consultants, directors or former employees, consultants or directors, in each case, of the Company or the Company Subsidiaries
are entitled to, benefit increases, retention bonuses or payments or benefits becoming due or the acceleration of vesting or the time
of payment of compensation or benefits or an increase in payment or funding obligations that are contingent upon, or will be triggered
by, or in connection with, the completion of the transactions contemplated herein or the execution and delivery of this Agreement (whether
separately or together with any other action) and for greater certainty, shall include, but not be limited to, any double-trigger change
of control entitlements (each a &ldquo;<B>Change of Control Payment</B>&rdquo;). The Company Disclosure Letter shall describe in detail
each Change of Control Payment, including setting out the applicable recipient or Company Benefit Plan, the entitlement and the total
amount owing thereunder (if applicable), which shall be calculated as if the triggering date is the date hereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">There are no unfunded liabilities in respect of any Company Benefit Plan including going concern unfunded
liabilities, solvency deficiencies or wind-up deficiencies where applicable. None of the Company Benefit Plans is a defined benefit pension
plan or multi-employer pension plan.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">None of the Company Benefit Plans provides
                                            benefits beyond retirement or other termination of service to employees or former employees
                                            or to the beneficiaries or dependants of such employees.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: justify">There is no Claim (other than routine
                                            claims for payments of benefits) pending or, to the knowledge of the Company, threatened
                                            involving any Company Benefit Plan or its assets.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: justify">The Company and the Company Subsidiaries
                                            have no Liability for life, health, medical or other welfare benefits to former employees
                                            or beneficiaries or dependents thereof, and there has been no communication to employees
                                            by the Company or, to the knowledge of the Company, any of the Company Subsidiaries, which
                                            could reasonably be interpreted to promise or guarantee such employees retiree health or
                                            life insurance or other retiree death benefits.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">No Company Benefit Plan is a &ldquo;registered
                                            pension plan&rdquo; as such term is defined in the Tax Act, is a defined benefits plan<B>.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(j)</TD><TD STYLE="text-align: justify">Any contributions required to be made
                                            under each the Company Benefit Plan, as of the date hereof, have been timely made and all
                                            obligations in respect of each the Company Benefit Plan have been properly accrued and reflected
                                            in the audited financial statements for the Company as at and for the fiscal year ended December&nbsp;31,
                                            2021, including the notes thereto and the report by the Company&rsquo;s auditors thereon.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(k)</TD><TD STYLE="text-align: justify">To the knowledge of the Company, no event
                                            has occurred respecting any Company Benefit Plan which would result in the revocation of
                                            the registration of such Company Benefit Plan or entitle any person (without the consent
                                            of the Company) to wind up or terminate any Company Benefit Plan, in whole or in part, or
                                            which could otherwise reasonably be expected to adversely affect the tax status of any such
                                            Company Benefit Plan.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(l)</TD><TD STYLE="text-align: justify">Except as disclosed in the Company Disclosure
                                            Letter, no Company Benefit Plan is maintained for the benefit of any employees or other service
                                            providers who reside or primarily work outside of Canada or is otherwise subject to the laws
                                            of any jurisdiction outside of Canada.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(35)</TD><TD STYLE="text-align: justify"><B>Reporting Status</B>. The Company is a
                                            reporting issuer or its equivalent in each of the provinces of Canada. The Company Common
                                            Shares are registered pursuant to Section&nbsp;12(b)&nbsp;of the 1934 Act, the Company is
                                            subject to the reporting requirements of Section&nbsp;13 of the 1934 Act and the Company
                                            is not in default in any material respect of its obligations as such. The Company Common
                                            Shares are listed on the TSX and NYSE American and are not listed or quoted on any other
                                            market, and the Company is in compliance in all material respects with the applicable listing
                                            and corporate governance rules&nbsp;and regulations of the TSX and NYSE American.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(36)</TD><TD STYLE="text-align: justify"><B>No Cease Trade</B>. The Company is not
                                            subject to any cease trade or other order of the TSX, NYSE American, any Securities Authority
                                            or the SEC, and, to the knowledge of the Company, no investigation or other proceedings involving
                                            the Company that may operate to prevent or restrict trading of any securities of the Company
                                            are currently in progress or pending before the TSX, NYSE American, any Securities Authority
                                            or the SEC.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(37)</TD><TD STYLE="text-align: justify"><B>Reports</B>. The Company has filed with
                                            the Securities Authorities, the SEC, the TSX, NYSE American and all applicable self-regulatory
                                            authorities a true and complete copy of all forms, reports, schedules, statements, certifications,
                                            material change reports and other documents required to be filed by it. Such forms, reports,
                                            schedules, statements, certifications, material change reports and other documents, at the
                                            time filed or, if amended, as of the date of such amendment: (i)&nbsp;did not contain any
                                            misrepresentation (as defined by securities Laws) and did not contain an untrue statement
                                            of a material fact or omit to state a material fact necessary in order to make the statements
                                            made, in light of the circumstances under which they were made, not misleading; and (ii)&nbsp;complied
                                            in all material respects with the requirements of applicable securities legislation and the
                                            rules, policies and instruments of all Securities Authorities, the SEC, the TSX, NYSE American
                                            or other self-regulatory authority having jurisdiction over the Company except where such
                                            non-compliance has not had, or would not reasonably be expected to have, a Material Adverse
                                            Effect on the Company. The Company has not filed any confidential material change or other
                                            report or other document with any Securities Authorities, the TSX or other self-regulatory
                                            authority which at the date hereof remains confidential. None of the Company Subsidiaries
                                            are required to file any reports or other documents with any of the Securities Authorities,
                                            the SEC, the TSX or NYSE American. As of the date hereof, the Company has made available
                                            to Triple Flag true, complete and correct copies of all comment letters, inquiries and other
                                            correspondence with all Securities Authorities, the SEC, the TSX, NYSE American or other
                                            self-regulatory authorities having jurisdiction over the Company since January&nbsp;1, 2020.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(38)</TD><TD STYLE="text-align: justify"><B>Compliance with Laws</B>. The business
                                            and operations of the Company and the Company Subsidiaries have been since January&nbsp;1,
                                            2020 and are now being conducted in accordance with good industry practices and in material
                                            compliance with all Laws applicable to the business and operations of the Company and of
                                            any of the Company Subsidiaries, and none of the Company or any of the Company Subsidiaries
                                            has received any notice of any alleged violation of any such Laws, other than non-compliance
                                            or violations which have not had and would not, individually or in the aggregate, have a
                                            Material Adverse Effect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(39)</TD><TD STYLE="text-align: justify"><B>Code of Ethics</B>. The Code of Ethics
                                            has been adopted by the Company Board and a true, correct and complete copy has been made
                                            available to Triple Flag. To the knowledge of the Company there have been no material violations
                                            or contraventions of the Code of Ethics by any officer, director, employee, consultant, contractor
                                            or agent of the Company or the Company Subsidiaries. No variation, exception, waiver or management
                                            override from compliance with the Code of Ethics has been granted, in writing or otherwise,
                                            to any Person.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(40)</TD><TD STYLE="text-align: justify"><B>No Option on Assets</B>. No Person has
                                            any agreement or option or any right or privilege capable of becoming a Contract or option
                                            for the purchase from the Company or the Company Subsidiaries of any of the assets of the
                                            Company other than as described or contemplated in this Agreement and the Company Disclosure
                                            Letter.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(41)</TD><TD STYLE="text-align: justify"><B>Certain Contracts</B>. Except as disclosed
                                            in the Company Disclosure Letter, neither the Company nor the Company Subsidiaries is a party
                                            to or bound by any non-competition, area of mutual interest or any other Contract or Law
                                            that purports to: (i)&nbsp;limit the manner or the localities in which all or any material
                                            portion of the business of the Company or the Company Subsidiaries is conducted; (ii)&nbsp;limit
                                            any business practice of the Company or any of the Company Subsidiaries in any material respect;
                                            or (iii)&nbsp;restrict any acquisition or disposition of any property by the Company or any
                                            of the Company Subsidiaries in any material respect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(42)</TD><TD STYLE="text-align: justify"><B>No Broker&rsquo;s Commission</B>. Except
                                            as disclosed in the Company Disclosure Letter, neither the Company nor any Company Subsidiary
                                            has entered into any Contract that would entitle any Person to any valid claim against the
                                            Company or any of Company Subsidiary for a broker&rsquo;s commission, finder&rsquo;s fee,
                                            success fee or any like payment or fee in respect of the Arrangement or any other matter
                                            contemplated by this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(43)</TD><TD STYLE="text-align: justify"><B>No Expropriation</B>. No property or asset
                                            of the Company or any of the Company Subsidiaries, and to the knowledge of the Company, no
                                            Company Underlying Mineral Property, has been taken or expropriated by any Governmental Entity
                                            nor has any notice or proceeding in respect thereof been given or commenced nor, to the knowledge
                                            of the Company, is there any intent or proposal to give any such notice or to commence any
                                            such proceeding.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(44)</TD><TD STYLE="text-align: justify"><B>Corrupt Practices Legislation</B>. Neither
                                            the Company nor any of the Company Subsidiaries has taken, directly or indirectly, any action
                                            which would cause the Company or any of the Company Subsidiaries to be in violation of the
                                            United States <I>Foreign Corrupt Practices Act of 1977</I>, as amended (and the regulations
                                            promulgated thereunder), the <I>Corruption of Foreign Public Officials Act</I> (Canada) (and
                                            the regulations promulgated thereunder) or any applicable Laws of similar effect of any other
                                            jurisdiction (collectively, the &ldquo;<B>Anti-Corruption Laws</B>&rdquo;) and, to the knowledge
                                            of the Company, no such action has been taken by any of the officers, directors, employees,
                                            agents, representatives or other Persons acting on behalf of the Company or any of the Company
                                            Subsidiaries. The Company has conducted its businesses in compliance with Anti-Corruption
                                            Laws and has instituted and maintains policies and procedures designed to ensure, and which
                                            are reasonably expected to continue to ensure, continued compliance therewith.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(45)</TD><TD STYLE="text-align: justify"><B>Sanctions</B>. Except as disclosed in
                                            the Company Disclosure Letter, none of the Company, any Company Subsidiary or, to the knowledge
                                            of the Company, any shareholder, director, officer, agent, employee or affiliate of the Company
                                            or any Company Subsidiary is currently subject to any sanctions administered or enforced
                                            by the U.S. government (including, without limitation, the Office of Foreign Assets Control
                                            of the U.S. Department of the Treasury or the U.S. Department of State and including, without
                                            limitation, the designation as a &ldquo;specially designated national&rdquo; or &ldquo;<B>blocked
                                            person</B>&rdquo;), Global Affairs Canada, EU or any member state thereof, UK or other applicable
                                            sanctions authority (collectively, &ldquo;<B>Sanctions</B>&rdquo;), nor is the Company or
                                            any Company Subsidiary located, organized or resident in a country or territory that is the
                                            subject or target of comprehensive embargo (currently, Crimea,&nbsp;Iran, North Korea, Syria,
                                            and those portions of the Donetsk People&rsquo;s Republic or Luhansk People&rsquo;s Republic
                                            regions (and such other regions) of Ukraine over which any Sanctions authority imposes comprehensive
                                            Sanctions) or whose government is the subject or target of Sanctions (currently, Venezuela)
                                            or that is otherwise the subject or target of broad Sanctions (including Afghanistan, Russia
                                            and Belarus)) (each, a &ldquo;<B>Sanctioned Country</B>&rdquo;). For the past five years,
                                            except as disclosed in the Company Disclosure Letter, the Company and the Company Subsidiaries
                                            have not, to the knowledge of the Company, engaged in and are not now engaged in any dealings
                                            or transactions with (i)&nbsp;any Sanctioned Country, (ii)&nbsp;any person that at the time
                                            of the dealing or transaction is or was the subject or the target of Sanctions or located,
                                            organized or resident in any Sanctioned Country, or (iii)&nbsp;any person that deals or transacts
                                            with a person that is or was the subject or the target of Sanctions or located, organized
                                            or resident in a Sanctioned Country.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(46)</TD><TD STYLE="text-align: justify"><B>Compliance with Sanctions</B>. The Company
                                            and each Company Subsidiary, as well as their respective directors, officers, employees,
                                            and agents, has been and is currently in compliance with Sanctions.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(47)</TD><TD STYLE="text-align: justify"><B>No Investigations</B>. There has not been,
                                            and there is no, pending or threatened action, suit, proceeding or investigation before any
                                            court or other Governmental Entity against the Company or any Company Subsidiary, or any
                                            of their respective officers, directors, employees, or agents, or any informal or formal
                                            investigation by the Company, any Company Subsidiary or any affiliate of the Company, or
                                            their respective legal representatives or a Governmental Entity involving the foregoing,
                                            that relates to a potential or actual violation of Sanctions; nor does a basis for any such
                                            claim exist.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(48)</TD><TD STYLE="text-align: justify"><B>Policies and Procedures</B>. Except as
                                            disclosed in the Company Disclosure Letter, the Company has instituted and maintains policies
                                            and procedures designed to ensure compliance by the Company and each Company Subsidiary,
                                            and their respective directors, officers, employees, and agents, with Sanctions.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(49)</TD><TD STYLE="text-align: justify"><B>Vote Required</B>. Except as may be determined
                                            by the Court in the Interim Order, the only vote of holders of any class or series of the
                                            Company Common Shares, the Company Preference Shares, or other securities of the Company
                                            necessary to approve this Agreement and the Arrangement and the transactions contemplated
                                            hereof or thereby is the approval of the Arrangement Resolution by the Company Shareholders.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(50)</TD><TD STYLE="text-align: justify"><B>U.S. Securities Law Matters</B>. The Company
                                            (i)&nbsp;is a &ldquo;foreign private issuer&rdquo; as defined in Rule&nbsp;405 under the
                                            1933 Act, and (ii)&nbsp;is not registered or required to register as an investment company
                                            under the 1940 Act.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(51)</TD><TD STYLE="text-align: justify"><B>Confidentiality Agreements</B>. Neither
                                            the Company nor any of the Company Subsidiaries have waived or released any Person from any
                                            standstill, confidentiality or use or other similar provisions of any confidentiality or
                                            similar Contracts entered into by the Company or any of the Company Subsidiaries.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(52)</TD><TD STYLE="text-align: justify"><B>Ownership of Triple Flag Common Shares
                                            and Purchase Preferred Shares</B>. As of the date hereof neither the Company nor any Company
                                            Subsidiary, whether alone or together with any Person under common control with the Company
                                            or any Company Subsidiary or a Person acting jointly or in concert with any of them, directly
                                            or indirectly, beneficially own or exercise control or direction over any securities of Triple
                                            Flag nor do they have any options, rights or entitlements to acquire any securities of Triple
                                            Flag.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(53)</TD><TD STYLE="text-align: justify"><B>No Collateral Benefits</B>. Except as
                                            disclosed in the Company Disclosure Letter, to the knowledge of the Company, no &ldquo;related
                                            party&rdquo; of the Company (within the meaning of MI 61-101) will receive a &ldquo;collateral
                                            benefit&rdquo; (within the meaning of MI 61-101) as a consequence of the transactions contemplated
                                            by this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Schedule&nbsp;D<BR>
Representations and Warranties of Triple Flag</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Triple Flag hereby represents
and warrants to the Company, and hereby acknowledges that the Company is relying upon such representations and warranties in connection
with entering into this Agreement and agreeing to complete the Arrangement, that except as expressly permitted by this Agreement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(1)</TD><TD STYLE="text-align: justify"><B>Organization</B>. Triple Flag and each
                                            of the Triple Flag Subsidiaries has been incorporated, is validly subsisting and has full
                                            corporate and legal power and authority to own its property and assets and to conduct its
                                            business as currently owned and conducted. Triple Flag and each of the Triple Flag Subsidiaries
                                            is registered, licensed or otherwise qualified as an extra-provincial corporation, a corporation
                                            (in accordance with the laws of the country of domicile) or a foreign corporation in each
                                            jurisdiction where the nature of the business or the location or character of the property
                                            and assets owned or leased by it requires it to be so registered, licensed or otherwise qualified,
                                            other than those jurisdictions where the failure to be so registered, licensed or otherwise
                                            qualified would not have a Material Adverse Effect on Triple Flag. All of the issued and
                                            outstanding shares in the capital of Triple Flag Subsidiaries are validly issued, fully paid
                                            and non-assessable to the extent such a concept exists under applicable Law.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(2)</TD><TD STYLE="text-align: justify"><B>Capitalization</B>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Triple Flag is authorized to issue an
                                            unlimited number of Triple Flag Common Shares and Triple Flag Preferred Shares. As of the
                                            date of this Agreement there are outstanding: (i)&nbsp;155,854,615 Triple Flag Common Shares
                                            issued and outstanding; (ii)&nbsp;nil Triple Flag Preferred Shares issued and outstanding;
                                            and (iii)&nbsp;up to 3,032,771 Triple Flag Common Shares reserved for issuance pursuant to
                                            outstanding options, warrants, convertible securities and other rights to acquire Triple
                                            Flag Common Shares. All issued and outstanding Triple Flag Common Shares have been authorized
                                            and are validly issued and outstanding as fully paid and non-assessable shares, free of pre-emptive
                                            rights.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Except as stated in Section&nbsp;(2)(a)&nbsp;above,
                                            as created pursuant to this Agreement and the transactions contemplated hereby, or as set
                                            forth in the Triple Flag Disclosure Letter, as of the date hereof, there are no issued, outstanding
                                            or authorized options, warrants, conversion privileges, calls, repurchase, stock appreciation
                                            or other rights, shareholder rights plans, or other rights, agreements, arrangements, commitments
                                            or obligations (pre-emptive, contingent or otherwise) obligating Triple Flag or any of the
                                            Triple Flag Subsidiaries to issue or sell any securities of or interest in Triple Flag or
                                            any of the Triple Flag Subsidiaries from Triple Flag or any of the Triple Flag Subsidiaries
                                            or obligations of any kind convertible into, exchangeable for or otherwise carrying the right
                                            or obligation to acquire or subscribe for any shares, partnership or other equity interests
                                            in the capital of Triple Flag or any of the Triple Flag Subsidiaries.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">As of the date hereof, Triple Flag and
                                            each of Triple Flag Subsidiaries is in compliance with the terms and conditions of the Financial
                                            Indebtedness of Triple Flag or any of Triple Flag Subsidiaries and has not received any notice
                                            of default or breach of, or termination under, any instruments governing Financial Indebtedness
                                            of Triple Flag or any of the Triple Flag Subsidiaries, except in either case as would not
                                            individually or in the aggregate have a Material Adverse Effect on Triple Flag.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(3)</TD><TD STYLE="text-align: justify"><B>Shareholder and Similar Agreements</B>.
                                            Except as set forth in the Triple Flag Disclosure Letter, neither Triple Flag nor any of
                                            the Triple Flag Subsidiaries is party to any shareholder, pooling, proxy, voting, voting
                                            trust or other similar agreement or arrangement relating to the capital stock or other equity
                                            interests of Triple Flag or any of the Triple Flag Subsidiaries or pursuant to which any
                                            Person may have any right or claim in connection with any existing or past equity interest
                                            in Triple Flag or any of the Triple Flag Subsidiaries or providing for registration rights
                                            with respect to Triple Flag or any of the Triple Flag Subsidiaries, and Triple Flag has not
                                            adopted a shareholder rights plan or any other similar plan or agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(4)</TD><TD STYLE="text-align: justify"><B>Authority</B>. Triple Flag has all necessary
                                            power, authority and capacity to enter into and to perform its obligations under this Agreement
                                            and all other agreements and instruments to be executed by Triple Flag as contemplated by
                                            this Agreement. The execution and delivery of this Agreement by Triple Flag and all other
                                            agreements and instruments to be executed by Triple Flag as contemplated by this Agreement,
                                            and the completion by Triple Flag of the transactions contemplated herein and therein have
                                            been authorized by the Triple Flag Board subject to obtaining the Triple Flag Shareholder
                                            Approval and no other corporate proceedings on the part of Triple Flag are necessary to authorize
                                            this Agreement or to complete the transactions contemplated hereby or thereby. This Agreement
                                            has been executed and delivered by Triple Flag and constitutes a legal, valid and binding
                                            obligation of Triple Flag, enforceable against Triple Flag in accordance with its terms,
                                            subject to bankruptcy, insolvency, reorganization, fraudulent transfer, moratorium and other
                                            applicable Laws relating to or affecting creditors&rsquo; rights generally, and to general
                                            principles of equity.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(5)</TD><TD STYLE="text-align: justify"><B>No Conflict; Required Filings and Consent</B>.
                                            Subject to the receipt of the approvals set out in this Section&nbsp;(5), the execution and
                                            delivery by Triple Flag of this Agreement and the performance by it of its obligations hereunder
                                            and the completion of the transactions contemplated hereby, do not and will not:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">result in a violation, contravention or
                                            breach of or constitute a default under, or entitle any Person to terminate, accelerate,
                                            modify or call any obligations or rights under, require any consent to be obtained under
                                            or give rise to any termination rights under any provision of:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">the articles, by-laws or other constating
                                            documents of Triple Flag;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">any Law to which Triple Flag or any of
                                            the Triple Flag Subsidiaries is subject or by which Triple Flag or any of the Triple Flag
                                            Subsidiaries is bound, or any of their respective properties or assets, subject to compliance
                                            with the matters in Section&nbsp;(6)&nbsp;below and except as would not, individually or
                                            in the aggregate, have a Material Adverse Effect;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">any Authorization, Triple Flag Material
                                            Contract or other Contract to which Triple Flag or any of the Triple Flag Subsidiaries is
                                            bound or is subject or of which Triple Flag or any of the Triple Flag Subsidiaries is the
                                            beneficiary, except as would not individually or in the aggregate, have a Material Adverse
                                            Effect; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">give rise to any rights of first refusal,
                                            rights of first offer, trigger any change of control or influence provisions or any other
                                            restriction or limitation, or require any consent or approval to be obtained or notice to
                                            be given or other action by any Person under, any Triple Flag Material Contract;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">give rise to any right of termination
                                            or acceleration, or allow any Person to exercise any rights, constitute a default under,
                                            or cause or give rise to, or permit the termination, cancellation, suspension, acceleration,
                                            penalty or payment obligation or right to purchase or sale under, or other change of any
                                            right or obligation or the loss of any benefit to which Triple Flag or any Triple Flag Subsidiary
                                            is entitled, under any Triple Flag Material Contract or Authorization to which Triple Flag
                                            or any of the Triple Flag Subsidiaries is a party or to which it or any of their respective
                                            properties or assets are bound, except as would not, individually or in the aggregate, have
                                            a Material Adverse Effect;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">result in the imposition of any Encumbrance
                                            upon any of the property or assets of Triple Flag or any of Triple Flag Subsidiaries or give
                                            any Person the right to acquire any of Triple Flag&rsquo;s or any of Triple Flag Subsidiaries&rsquo;
                                            assets, or restrict, hinder, impair or limit the ability of Triple Flag or any of Triple
                                            Flag Subsidiaries to conduct the business of Triple Flag or any of Triple Flag Subsidiaries
                                            as and where it is now being conducted which would, individually or in the aggregate, have
                                            a Material Adverse Effect on Triple Flag.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(6)</TD><TD STYLE="text-align: justify"><B>Authorizations</B>. No Authorization of,
                                            or declaration or filing with, any Governmental Entity or other Person is required to be
                                            obtained by Triple Flag or any Triple Flag Subsidiaries in connection with the execution
                                            and delivery of this Agreement or the consummation by Triple Flag of the transactions contemplated
                                            hereby other than: (i)&nbsp;filings with and approvals required by the Securities Authorities,
                                            the SEC, the TSX and the NYSE; (ii)&nbsp;the Competition Act Approval; (iii)&nbsp;the HSR
                                            Act Approval; and (iv)&nbsp;any other consents, approvals, orders, authorizations, declarations
                                            or filings which, if not obtained, would not, individually or in the aggregate, have a Material
                                            Adverse Effect on Triple Flag.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(7)</TD><TD STYLE="text-align: justify"><B>Directors&rsquo; Approvals</B>. The Triple
                                            Flag Board, after consultation with its outside legal counsel and financial advisors, has
                                            unanimously determined that the acquisition of all of the issued and outstanding Company
                                            Common Shares pursuant to the Arrangement is in the best interests of Triple Flag and accordingly
                                            has approved the entering into of this Agreement and the making of a recommendation that
                                            the Triple Flag Shareholders vote in favour of the Arrangement (the &ldquo;<B>Triple Flag
                                            Board Approval</B>&rdquo;).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(8)</TD><TD STYLE="text-align: justify"><B>No Defaults</B>. Neither Triple Flag nor
                                            any Triple Flag Subsidiary is in default under, and there exists no event, condition or occurrence
                                            which, after notice or lapse of time or both, would constitute a default by Triple Flag or
                                            any Triple Flag Subsidiary under:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">the articles, by-laws or other constating
                                            documents of Triple Flag or any Triple Flag Subsidiary; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">any Contract to which Triple Flag or any
                                            Triple Flag Subsidiary is a party or by which any of them is bound that would, individually
                                            or in the aggregate, have a Material Adverse Effect on Triple Flag.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(9)</TD><TD STYLE="text-align: justify"><B>Triple Flag Authorizations</B>. Triple
                                            Flag and the Triple Flag Subsidiaries have obtained all Authorizations necessary for the
                                            ownership, operation, development, maintenance or use of the material assets of Triple Flag
                                            and the Triple Flag Subsidiaries or otherwise in connection with the material business or
                                            operations of Triple Flag and the Triple Flag Subsidiaries and such Authorizations are in
                                            full force and effect. Triple Flag and the Triple Flag Subsidiaries have fully complied with
                                            and are in compliance with all Authorizations, except, in each case, for such non-compliance
                                            which, individually or in the aggregate, would not have a Material Adverse Effect on Triple
                                            Flag. There is no action, investigation or proceeding pending or, to the knowledge of Triple
                                            Flag, threatened regarding any of such Authorizations. Neither Triple Flag nor any of the
                                            Triple Flag Subsidiaries has received any notice, whether written or oral, of revocation
                                            or non-renewal of any such Authorizations, or of any intention of any Person to revoke or
                                            refuse to renew any of such Authorizations, except, in each case, for revocations or non-renewals
                                            which, individually or in the aggregate, would not have a Material Adverse Effect on Triple
                                            Flag and all such Authorizations continue to be effective in order for Triple Flag and the
                                            Triple Flag Subsidiaries to continue to conduct their respective businesses as they are currently
                                            being conducted. No Person other than Triple Flag or any of the Triple Flag Subsidiaries
                                            owns or has any proprietary, financial or other interest (direct or indirect) in any of such
                                            Authorizations.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(10)</TD><TD STYLE="text-align: justify"><B>Absence of Changes</B>. Since December&nbsp;31,
                                            2021, except as disclosed in the Triple Flag Public Disclosure Documents, there has not occurred,
                                            and there exists no change, event, occurrence or state of facts which has had or is reasonably
                                            likely to have, a Material Adverse Effect with respect to Triple Flag.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(11)</TD><TD STYLE="text-align: justify"><B>Material Contracts</B>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Set out in the Triple Flag Disclosure
                                            Letter is a list of each Triple Flag Material Contract. Triple Flag has made available to
                                            the Company for inspection true and complete copies of all Triple Flag Material Contracts
                                            to which Triple Flag or any Triple Flag Subsidiary is a party and no such Triple Flag Material
                                            Contract has been modified, rescinded or terminated.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Each Triple Flag Material Contract to
                                            which Triple Flag or any Triple Flag Subsidiary is a party is in full force and effect, unamended,
                                            and Triple Flag or a Triple Flag Subsidiary is entitled to all rights and benefits thereunder
                                            in accordance with the terms thereof. Each Triple Flag Material Contract is a valid and binding
                                            obligation of Triple Flag or a Triple Flag Subsidiary and the other parties thereto enforceable
                                            in accordance with their respective terms, except as may be limited by bankruptcy, insolvency
                                            and other Laws affecting the enforcement of creditors&rsquo; rights generally and subject
                                            to the qualification that equitable remedies may only be granted in the discretion of a court
                                            of competent jurisdiction.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">Triple Flag or a Triple Flag Subsidiary,
                                            as applicable, has performed in all material respects all respective obligations required
                                            to be performed by it to date under each Triple Flag Material Contract and neither Triple
                                            Flag nor any Triple Flag Subsidiary, or, to the knowledge of Triple Flag, any of the other
                                            parties thereto, is in material breach or violation of or in default under (in each case,
                                            with or without notice or lapse of time or both) any Triple Flag Material Contract and neither
                                            Triple Flag nor any of Triple Flag Subsidiary has received or given any notice of default
                                            under any Triple Flag Material Contract which remains uncured, and, to the knowledge of Triple
                                            Flag, there exists no state of facts which after notice or lapse of time or both would constitute
                                            a default under or material breach of any Triple Flag Material Contract or the inability
                                            of a party to any Triple Flag Material Contract to perform its obligations thereunder.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">Neither Triple Flag nor any Triple Flag
                                            Subsidiary has received any notice (whether written or oral), that any party to a Triple
                                            Flag Material Contract intends to cancel, terminate or otherwise modify or not renew its
                                            relationship with Triple Flag or with a Triple Flag Subsidiary, and, to the knowledge of
                                            Triple Flag, no such action has been threatened.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(12)</TD><TD STYLE="text-align: justify"><B>Triple Flag Royalty and Stream Interests</B>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Each of the Triple Flag Material Contracts
                                            relating to the Triple Flag Royalty and Stream Interests is set out in the Triple Flag Disclosure
                                            Letter. Other than the Triple Flag Royalty and Stream Interests and as disclosed in the Triple
                                            Flag Disclosure Letter, neither Triple Flag nor any Triple Flag Subsidiary has, or has any
                                            interest or rights or options to acquire, any royalty, streaming, net profit, production
                                            payment, mineral rights and interests (including mining, mineral or exploration concessions,
                                            claims, leases, licenses, Authorizations or other rights to exploit, explore, develop, mine
                                            or produce any minerals or any interest therein).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Other than as set out in the Triple Flag
                                            Disclosure Letter, Triple Flag and the Triple Flag Subsidiaries are the sole legal and beneficial
                                            owners, and have valid and sufficient right, title and interest, free and clear of any defect
                                            or Encumbrance: (A)&nbsp;to each of the Triple Flag Royalty and Stream Interests; and (B)&nbsp;to,
                                            or are entitled to the benefits of, all of their respective properties and assets of any
                                            nature whatsoever and to all benefits derived therefrom including all the properties and
                                            assets reflected in the balance sheet forming part of the Triple Flag Public Disclosure Documents,
                                            except as indicated in the notes thereto or in the Triple Flag Disclosure Letter, together
                                            with all additions thereto, and their interests in such properties and assets are not subject
                                            to any Encumbrance (other than the Triple Flag Permitted Encumbrances) or defect in title
                                            of any kind.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">Except as disclosed in the Triple Flag
                                            Public Disclosure Documents, each Triple Flag Royalty and Stream Agreement is legal, valid,
                                            binding and in full force and effect and is enforceable by Triple Flag or a Triple Flag Subsidiary
                                            in accordance with its terms (subject to bankruptcy, insolvency, reorganization, fraudulent
                                            transfer, moratorium and other applicable Laws relating to or affecting creditors&rsquo;
                                            rights generally, and to general principles of equity). Triple Flag and the Triple Flag Subsidiaries
                                            have not, directly or indirectly, assigned any of their rights or obligations under and retain
                                            their full original economic interest in the Triple Flag Royalty and Stream Interests.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">Neither Triple Flag nor any Triple Flag
                                            Subsidiary, is in breach of the Triple Flag Royalty and Stream Agreements and there exists
                                            no default or event of default or event, occurrence, condition or act, which, with the giving
                                            of notice, the lapse of time or the happening of any other event or condition, would become
                                            a default, event of default. Except as disclosed in the Triple Flag Disclosure Letter, no
                                            Person has any agreement or option or any right or privilege capable of becoming an agreement
                                            or option for the purchase, assignment or acquisition, in whole or in part, of any interest
                                            in any Triple Flag Royalty and Stream Interest with a value in excess of $1,000,000.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">Except as disclosed in the Triple Flag
                                            Public Disclosure Documents, there are no adverse Claims (i)&nbsp;directly against Triple
                                            Flag or any Triple Flag Subsidiary pending, (ii)&nbsp;which have not been asserted directly
                                            against Triple Flag or a Triple Flag Subsidiary which to the knowledge of Triple Flag are
                                            pending or, (iii)&nbsp;to the knowledge of Triple Flag, threatened against Triple Flag or
                                            the Triple Flag Subsidiaries which could affect Triple Flag&rsquo;s or its Subsidiaries&rsquo;
                                            right, title or interest in Triple Flag&rsquo;s assets or the ability of Triple Flag or its
                                            Subsidiaries to receive the benefits associated with Triple Flag&rsquo;s assets, including
                                            the title to or ownership by Triple Flag or the Triple Flag Subsidiaries of the foregoing,
                                            or which might involve the possibility of any judgement or Liability affecting the Triple
                                            Flag Royalty and Stream Interests.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">Other than as set out in the Triple Flag
                                            Disclosure Letter: (A)&nbsp;Triple Flag and its Subsidiaries have the exclusive right to
                                            own and receive all benefits associated with the Triple Flag Royalty and Stream Interests;
                                            (B)&nbsp;no Person other than Triple Flag or its Subsidiaries has any interest in the Triple
                                            Flag Royalty and Stream Interests or the production, payments, benefits or profits therefrom,
                                            or any right to acquire or otherwise obtain any such interest; (C)&nbsp;there are no back-in
                                            rights, earn-in rights, rights of first refusal, off-take rights or obligations, third party
                                            royalty rights, third party streaming rights, or other rights of any nature whatsoever which
                                            would affect Triple Flag&rsquo;s or the Triple Flag Subsidiaries&rsquo; interests in any
                                            Triple Flag Royalty and Stream Interest with a value in excess of $1,000,000, and no such
                                            rights are threatened; (D)&nbsp;there is no Contract or any other right or obligation binding
                                            upon, or which at any time in the future may become binding upon Triple Flag or any of the
                                            Triple Flag Subsidiaries requiring it to sell, transfer, assign, pledge, charge, mortgage
                                            or in any other way dispose of or encumber any Triple Flag Royalty and Stream Interest with
                                            a value in excess of $1,000,000; (E)&nbsp;neither Triple Flag nor any Triple Flag Subsidiary
                                            has received any notice, whether written or oral, from any Governmental Entity or any other
                                            Person of any revocation or intention to revoke, diminish or challenge its interest in Triple
                                            Flag Royalty and Stream Interests; and (F)&nbsp;each of the Triple Flag Royalty and Stream
                                            Interests and Triple Flag Royalty and Stream Agreements complies with all Laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: justify">Except as disclosed in the Triple Flag
                                            Disclosure Letter, none of the directors or officers of Triple Flag holds any right, title
                                            or interest in, nor has taken any action to obtain, directly or indirectly, any right, title
                                            and interest in any of Triple Flag&rsquo;s assets or in any Authorization, concession, claim,
                                            lease, licence or other right with respect to Triple Flag&rsquo;s assets or the Triple Flag
                                            Underlying Mineral Properties.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: justify">The execution, delivery and performance
                                            by Triple Flag of its obligations under this Agreement and the consummation of the Arrangement
                                            and the other transactions contemplated hereby do not and will not (or would not with the
                                            giving of notice, the lapse of time or the happening of any other event or condition):</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">contravene, conflict with or result in a
                                            violation or breach of any Law applicable to Triple Flag or any Triple Flag Subsidiary with
                                            respect to any Triple Flag Royalty and Stream Interest;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">except as disclosed in the Triple Flag
                                            Disclosure Letter, contravene, conflict with, or result in a violation or breach of, or allow
                                            any Person to exercise any rights, require any consent or approval to be obtained or notice
                                            to be given under, or constitute a default under, or cause or give rise to a third party
                                            right of termination, cancellation, suspension, acceleration, penalty or payment obligation
                                            or right to purchase or sale under, or other change of any right or obligation or the loss
                                            of any benefit to which Triple Flag or any Triple Flag Subsidiary is entitled (including
                                            by triggering any rights of first refusal or first offer, change in control provision or
                                            other restriction or limitation) under any Triple Flag Royalty and Stream Agreement; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">result in the creation or imposition of
                                            any Encumbrance (other than Triple Flag Permitted Encumbrances) in respect of any Triple
                                            Flag Royalty and Stream Interest.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">Triple Flag has obtained and has maintained
                                            all governmental and third-party Authorizations necessary for execution, delivery and performance
                                            of each Triple Flag Royalty and Stream Agreement pertaining to material Triple Flag Royalty
                                            and Stream Interests and consummation of the transactions thereunder.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(13)</TD><TD STYLE="text-align: justify"><B>Financial Matters</B>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Triple Flag&rsquo;s audited consolidated
                                            financial statements as at and for the financial year ended December&nbsp;31, 2021 and Triple
                                            Flag&rsquo;s consolidated interim financial report as at and for the three months ended September&nbsp;30,2022
                                            (collectively, the &ldquo;<B>Triple Flag Financial Statements</B>&rdquo;) were prepared in
                                            accordance with IFRS and present fairly, in all material respects, the consolidated financial
                                            position of Triple Flag at the respective dates indicated, and its consolidated financial
                                            performance and its consolidated cash flows for the year then ended.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Triple Flag maintains a system of disclosure
                                            controls and procedures (as such term is defined in NI&nbsp;52-109) to provide reasonable
                                            assurance that (i)&nbsp;material information relating to Triple Flag is made known to Triple
                                            Flag&rsquo;s management, including its chief financial officer and chief executive officer,
                                            particularly during the periods in which Triple Flag&rsquo;s interim filings and annual filings
                                            (as such terms are defined in NI&nbsp;52-109) are being prepared; and (ii)&nbsp;information
                                            required to be disclosed by Triple Flag in its annual filings, interim filings or other reports
                                            filed or submitted by it under applicable securities Laws are recorded, processed, summarized
                                            and reported within the time periods specified in applicable securities Laws. Triple Flag
                                            maintains a system of internal control over financial reporting (as such term is defined
                                            in NI&nbsp;52-109) that is designed to provide reasonable assurance regarding the reliability
                                            of financial reporting and the preparation of financial statements for external purposes
                                            in accordance with IFRS. Since December&nbsp;31, 2021, there has been no material change
                                            in Triple Flag&rsquo;s internal control over financial reporting.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">Since December&nbsp;31, 2021, neither
                                            Triple Flag nor, to Triple Flag&rsquo;s knowledge, any director, officer, employee, auditor,
                                            accountant or representative of Triple Flag or any Triple Flag Subsidiary has received or
                                            otherwise had or obtained knowledge of any Claim, whether written or oral, regarding the
                                            accounting or auditing practices, procedures, methodologies or methods of Triple Flag or
                                            any Triple Flag Subsidiary or their respective internal accounting controls which has not
                                            been resolved to the satisfaction of the audit committee of the Triple Flag Board.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(14)</TD><TD STYLE="text-align: justify"><B>Auditors</B>. The auditors of Triple Flag
                                            are independent public accountants as required by applicable Laws and there is not now, and
                                            there has never been, any reportable event (as defined in NI 51-102) with the present or
                                            any former auditors of Triple Flag.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(15)</TD><TD STYLE="text-align: justify"><B>Books and Records</B>. The corporate records
                                            and minute books of Triple Flag and the Triple Flag Subsidiaries have been maintained in
                                            accordance with all applicable Laws and are complete and accurate in all respects, except
                                            where such incompleteness or inaccuracy would not have a Material Adverse Effect on Triple
                                            Flag. Financial books and records and accounts of Triple Flag and the Triple Flag Subsidiaries,
                                            in all material respects: (i)&nbsp;have been maintained in accordance with good business
                                            practices on a basis consistent with prior years and past practice, in accordance with IFRS;
                                            (ii)&nbsp;are stated in reasonable detail and accurately and fairly reflect the transactions
                                            and acquisitions and dispositions of assets of Triple Flag and the Triple Flag Subsidiaries;
                                            and (iii)&nbsp;accurately and fairly reflect the basis for the Triple Flag Financial Statements.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(16)</TD><TD STYLE="text-align: justify"><B>Litigation</B>. Except as disclosed in
                                            the Triple Flag Disclosure Letter, there is no Claim pending or in progress or, to the knowledge
                                            of Triple Flag, threatened against or relating to Triple Flag or any of the Triple Flag Subsidiaries
                                            or affecting any of their respective properties or assets before any Governmental Entity
                                            which individually or in the aggregate has, had, or could reasonably be expected to have,
                                            a Material Adverse Effect on Triple Flag or that would materially impede the consummation
                                            of the transactions contemplated by this Agreement. There is no bankruptcy, liquidation,
                                            winding-up or other similar proceeding pending or in progress, or, to the knowledge of Triple
                                            Flag, threatened against or relating to Triple Flag or any of the Triple Flag Subsidiaries
                                            before any Governmental Entity. Neither Triple Flag nor any Triple Flag Subsidiary nor any
                                            of their respective properties or assets is subject to any outstanding Authorization that
                                            involves or may involve, or restricts or may restrict, the right or ability of Triple Flag
                                            or any of the Triple Flag Subsidiaries, as the case may be, to conduct its business in all
                                            material respects as it has been carried on prior to the date hereof, or that would materially
                                            impede the consummation of the transactions contemplated by this Agreement or have a Material
                                            Adverse Effect on Triple Flag.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(17)</TD><TD STYLE="text-align: justify"><B>Off-Balance Sheet Transactions</B>. Except
                                            as disclosed in the Triple Flag Disclosure Letter, neither Triple Flag nor any of the Triple
                                            Flag Subsidiaries is party to or bound by any operating leases or any &ldquo;off-balance
                                            sheet&rdquo; transactions or arrangements.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(18)</TD><TD STYLE="text-align: justify"><B>Operational Matters</B>. Except as would
                                            not, individually or in the aggregate, be reasonably expected to result in a Material Adverse
                                            Effect on Triple Flag:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">all rentals, royalties, overriding royalty
                                            interests, production payments, net profits, interest burdens, payments and obligations due
                                            and payable, or performable, as the case may be, on or prior to the date hereof under, with
                                            respect to, or on account of, any direct or indirect assets of Triple Flag or any of the
                                            Triple Flag Subsidiaries, have been: (A)&nbsp;duly paid; (B)&nbsp;duly performed; or (C)&nbsp;provided
                                            for prior to the date hereof; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">all costs, expenses, and liabilities payable
                                            on or prior to the date hereof under the terms of any Contracts to which Triple Flag or any
                                            of the Triple Flag Subsidiaries is directly or indirectly bound, have been properly and timely
                                            paid, except for such expenses that are being currently paid prior to delinquency in the
                                            ordinary course of business.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(19)</TD><TD STYLE="text-align: justify"><B>Environmental</B>. Except to the extent
                                            that any violation or other matter referred to in this subsection does not, individually
                                            or in the aggregate, have a Material Adverse Effect on Triple Flag:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Triple Flag and the Triple Flag Subsidiaries
                                            are and have been in compliance with, and are not in violation of, any Environmental Laws;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Triple Flag and the Triple Flag Subsidiaries
                                            have operated their respective business at all times and have generated, received, handled,
                                            used, stored, treated, shipped and disposed of all contaminants, wastes, and hazardous and
                                            toxic substances without violation of Environmental Laws;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">there have been no Releases of Hazardous
                                            Substances into or in the earth, air or any body of water, whether surface or otherwise,
                                            or any municipal or other sewer or drain or drinking or water systems by Triple Flag or any
                                            of the Triple Flag Subsidiaries or at, to or from Triple Flag&rsquo;s or any of the Triple
                                            Flag Subsidiaries&rsquo; assets or operations, which could reasonably be expected to result
                                            in Liability under any Environmental Law;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">no notifications, directives, demands,
                                            Claims, instructions, directions or notices have been issued and remain outstanding by any
                                            Governmental Entity pursuant to any Environmental Laws relating to the business or assets
                                            of Triple Flag or any of the Triple Flag Subsidiaries;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">neither Triple Flag nor any of the Triple
                                            Flag Subsidiaries has failed to report to the proper Governmental Entity the occurrence of
                                            any event which is required to be so reported by any Environmental Laws; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">to the knowledge of Triple Flag, neither
                                            Triple Flag nor any Triple Flag Subsidiaries are subject to any past or present fact, condition
                                            or circumstance that could reasonably be expected to result in Liability under any Environmental
                                            Laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(20)</TD><TD STYLE="text-align: justify"><B>Tax Matters</B>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Each of Triple Flag and the Triple Flag
                                            Subsidiaries has duly and timely made or prepared all material Tax Returns required to be
                                            made or prepared by it, has duly and timely filed all material Tax Returns required to be
                                            filed by it with the appropriate Governmental Entity and such Tax Returns are true, complete
                                            and correct;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Each of Triple Flag and the Triple Flag
                                            Subsidiaries has: (A)&nbsp;duly and timely paid all material Taxes due and payable by it;
                                            (B)&nbsp;duly and timely deducted or withheld all material Taxes and other amounts required
                                            by Law to be deducted or withheld by it and has duly and timely remitted to the appropriate
                                            Governmental Entity such material Taxes and other amounts required by Laws to be remitted
                                            by it; and (C)&nbsp;duly and timely collected all amounts on account of sales or transfer
                                            taxes, including goods and services, harmonized sales, sales, value added, federal, provincial,
                                            state or territorial sales taxes, required by Laws to be collected by it and have duly and
                                            timely remitted to the appropriate Governmental Entity any such amounts required by Laws
                                            to be remitted by it;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">The charges, accruals and reserves for
                                            Taxes reflected on the Triple Flag Financial Statements (whether or not due and whether or
                                            not shown on any of the Tax Returns but excluding any provision for deferred income taxes)
                                            are, in the opinion of Triple Flag, adequate under IFRS to cover Taxes with respect to Triple
                                            Flag and the Triple Flag Subsidiaries for the periods covered thereby;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">There are no Claims now pending or, to
                                            the knowledge of Triple Flag, threatened against Triple Flag or any of the Triple Flag Subsidiaries
                                            in respect of any Taxes and there are no matters under discussion, audit or appeal with any
                                            Governmental Entity relating to Taxes;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">Neither Triple Flag nor any of the Triple
                                            Flag Subsidiaries has requested, offered to enter into or entered into any Contract, or executed
                                            any waiver, providing for an extension within which (i)&nbsp;to file any Tax Return covering
                                            any Taxes for which it is or may be liable; (ii)&nbsp;to file any elections, designations
                                            or similar filings relating to Taxes for which it is or may be liable; (iii)&nbsp;it is required
                                            to pay or remit amounts on account of Taxes; or (iv)&nbsp;any Governmental Entity may assess
                                            or collect Taxes for which it may be liable;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">Since the date of the most recent interim
                                            financial report included in Triple Flag Financial Statements, neither Triple Flag nor any
                                            of the Triple Flag Subsidiaries has incurred any material Liability, whether actual or contingent,
                                            for Taxes or engaged in any transaction or event that would result in any material Liability,
                                            whether actual or contingent, for Taxes, other than in the ordinary course of business;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: justify">For all material transactions between
                                            Triple Flag or a Triple Flag Subsidiary and any Person not resident in Canada for purposes
                                            of the Tax Act with whom Triple Flag or such Triple Flag Subsidiary was not dealing at arm&rsquo;s
                                            length, Triple Flag or such Triple Flag Subsidiary has made or obtained records or documents
                                            that meet the requirements of paragraphs 247(4)(a)&nbsp;to (c)&nbsp;of the Tax Act and there
                                            are no material transactions to which subsection 247(2)&nbsp;or subsection 247(3)&nbsp;of
                                            the Tax Act may reasonably be expected to apply;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: justify">Neither Triple Flag nor any of the Triple
                                            Flag Subsidiaries has made or incurred any deductible outlay or expense owing to a Person
                                            not dealing at arm&rsquo;s length with Triple Flag or such Triple Flag Subsidiary, the amount
                                            of which would, absent an election under paragraph 78(1)(b)&nbsp;of the Tax Act, be included
                                            in Triple Flag or such Triple Flag Subsidiary&rsquo;s income for Canadian income tax purposes
                                            for any taxation year or other fiscal period that ends after the Effective Date under paragraph
                                            78(1)(a)&nbsp;of the Tax Act or a corresponding provision of provincial Law;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">None of Sections 78 or 80 to 80.04 of
                                            the Tax Act (or comparable provisions of any other applicable legislation) have applied to
                                            Triple Flag or the Triple Flag Subsidiaries, and there are no circumstances existing which
                                            could reasonably be expected to result in the application of Sections 78 or 80 to 80.04 of
                                            the Tax Act (or comparable provisions of any other applicable legislation) to Triple Flag
                                            or the Triple Flag Subsidiaries;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(j)</TD><TD STYLE="text-align: justify">There are no circumstances which exist
                                            and would result in, or which have existed and resulted in, Section&nbsp;17 of the Tax Act
                                            requiring a material amount to be included in the income of Triple Flag or to the Triple
                                            Flag Subsidiaries. Neither Triple Flag nor any of the Triple Flag Subsidiaries is obligated
                                            to make any material payments or is a party to any Contract under which it could be obligated
                                            to make any payment that will not be deductible in computing its income under the Tax Act
                                            by virtue of Section&nbsp;67 of the Tax Act;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(k)</TD><TD STYLE="text-align: justify">True copies of all income Tax Returns
                                            prepared and filed by Triple Flag and the Triple Flag Subsidiaries since January&nbsp;1,
                                            2019, and true copies of all other Tax Returns copies of which were requested by the Company,
                                            in each case together with any related notices of assessment received by Triple Flag and
                                            the Triple Flag Subsidiaries during the past three (3)&nbsp;years, have been made available
                                            to the Company on or before the date of this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(l)</TD><TD STYLE="text-align: justify">Neither Triple Flag or the Triple Flag
                                            Subsidiaries has acquired property from a non-arm&rsquo;s length Person, within the meaning
                                            of the Tax Act: (A)&nbsp;for consideration the value of which is less than the fair market
                                            value of the property; or (B)&nbsp;as a contribution of capital for which no shares were
                                            issued by the acquirer of the property;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(m)</TD><TD STYLE="text-align: justify">for the purposes of the Tax Act and any
                                            other relevant Tax purposes:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">Triple Flag is resident in Canada; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">each of the Triple Flag Subsidiaries is
                                            resident in the jurisdiction in which it was formed, and is not resident in any other country;
                                            and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(n)</TD><TD STYLE="text-align: justify">there are no Encumbrances for Taxes upon
                                            any properties or assets of Triple Flag or any of the Triple Flag Subsidiaries (other than
                                            Encumbrances relating to Taxes not yet due and payable or which are being contested in good
                                            faith and for which adequate reserves have been recorded on the most recent balance sheet
                                            included in the Triple Flag Financial Statements).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(o)</TD><TD STYLE="text-align: justify">Neither Triple Flag nor any of the Triple
                                            Flag Subsidiaries is required to file any Tax Returns outside of its jurisdiction of incorporation
                                            except for Triple Flag Australia.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(21)</TD><TD STYLE="text-align: justify"><B>Reporting Status</B>. Triple Flag is a
                                            reporting issuer or its equivalent in each of the provinces and territories of Canada. The
                                            Triple Flag Common Shares are registered pursuant to Section&nbsp;12(b)&nbsp;of the 1934
                                            Act, Triple Flag is subject to the reporting requirements of Section&nbsp;13 of the 1934
                                            Act and Triple Flag is not in default in any material respect of its obligations as such.
                                            The Triple Flag Common Shares are listed on the TSX and NYSE, Triple Flag has not voluntarily
                                            listed or quoted the Triple Flag Common Shares on any other market, and Triple Flag is in
                                            compliance in all material respects with the applicable listing and corporate governance
                                            rules&nbsp;and regulations of the TSX and NYSE.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(22)</TD><TD STYLE="text-align: justify"><B>No Cease Trade</B>. Triple Flag is not
                                            subject to any cease trade or other order of the TSX, the NYSE or any Securities Authority,
                                            and, to the knowledge of Triple Flag, no investigation or other proceedings involving Triple
                                            Flag that may operate to prevent or restrict trading of any securities of Triple Flag are
                                            currently in progress or pending before the TSX, the NYSE or any Securities Authority.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(23)</TD><TD STYLE="text-align: justify"><B>Reports</B>. Triple Flag has filed with
                                            the Securities Authorities, the SEC, the TSX, the NYSE and all applicable self-regulatory
                                            authorities a true and complete copy of all forms, reports, schedules, statements, certifications,
                                            material change reports and other documents required to be filed by it. Triple Flag Public
                                            Disclosure Documents, at the time filed or, if amended, as of the date of such amendment:
                                            (i)&nbsp;did not contain any misrepresentation (as defined by securities Laws) and did not
                                            contain an untrue statement of a material fact or omit to state a material fact necessary
                                            in order to make the statements made, in light of the circumstances under which they were
                                            made, not misleading; and (ii)&nbsp;complied in all material respects with the requirements
                                            of applicable securities legislation and the rules, policies and instruments of all Securities
                                            Authorities, the SEC, the TSX, the NYSE or other self-regulatory authority having jurisdiction
                                            over Triple Flag, except where such non-compliance has not had, or would not reasonably be
                                            expected to have, a Material Adverse Effect on Triple Flag. Triple Flag has not filed any
                                            confidential material change or other report or other document with any Securities Authorities,
                                            the SEC, the TSX, the NYSE or other self-regulatory authority which at the date hereof remains
                                            confidential.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(24)</TD><TD STYLE="text-align: justify"><B>Compliance with Laws</B>. The business
                                            and operations of Triple Flag and the Triple Flag Subsidiaries have been since January&nbsp;1,
                                            2020 and are now being conducted in accordance with good industry practices and in material
                                            compliance with all Laws applicable to the business and operations of Triple Flag and any
                                            of the Triple Flag Subsidiaries, and neither Triple Flag nor any Triple Flag Subsidiary has
                                            received any notice of any alleged violation of any such Laws, other than non-compliance
                                            or violations which have not had and would not, individually or in the aggregate, have a
                                            Material Adverse Effect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(25)</TD><TD STYLE="text-align: justify"><B>No Option on Assets</B>. No Person has
                                            any agreement or option or any right or privilege capable of becoming a Contract or option
                                            for the purchase from Triple Flag or the Triple Flag Subsidiaries of any asset of Triple
                                            Flag with a value in excess of $1,000,000 other than as described or contemplated in this
                                            Agreement and the Triple Flag Disclosure Letter.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(26)</TD><TD STYLE="text-align: justify"><B>No Expropriation</B>. No property or asset
                                            of Triple Flag or any of Triple Flag Subsidiaries has been taken or expropriated by any Governmental
                                            Entity nor has any notice or proceeding in respect thereof been given or commenced nor, to
                                            the knowledge of Triple Flag, is there any intent or proposal to give any such notice or
                                            to commence any such proceeding.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(27)</TD><TD STYLE="text-align: justify"><B>Corrupt Practices Legislation</B>. Neither
                                            Triple Flag nor any Triple Flag Subsidiaries has taken, directly or indirectly, any action
                                            which would cause Triple Flag or any Triple Flag Subsidiary to be in violation of Anti-Corruption
                                            Laws and, to the knowledge of Triple Flag, no such action has been taken by any of the officers,
                                            directors, employees, agents, representatives or other Persons acting on behalf of Triple
                                            Flag, or the Triple Flag Subsidiaries. Triple Flag and each of the Triple Flag Subsidiaries
                                            has conducted its businesses in compliance with Anti-Corruption Laws and has instituted and
                                            maintains policies and procedures designed to ensure, and which are reasonably expected to
                                            continue to ensure, continued compliance therewith.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(28)</TD><TD STYLE="text-align: justify"><B>Sanctions</B>. Except as disclosed in
                                            the Triple Flag Disclosure Letter, none of Triple Flag, any Triple Flag Subsidiary or, to
                                            the knowledge of Triple Flag, any shareholder, director, officer, agent or employee of Triple
                                            Flag or any Triple Flag Subsidiary is currently subject to any Sanctions, nor is Triple Flag
                                            or any Triple Flag Subsidiary located, organized or resident in a Sanctioned Country. For
                                            the past five years, except as disclosed in the Triple Flag Disclosure Letter, Triple Flag
                                            and the Triple Flag Subsidiaries have not, to the knowledge of the Triple Flag, engaged in
                                            and are not now engaged in any dealings or transactions with (i)&nbsp;any Sanctioned Country,
                                            (ii)&nbsp;any person that at the time of the dealing or transaction is or was the subject
                                            or the target of Sanctions or located, organized or resident in any Sanctioned Country, or
                                            (iii)&nbsp;any person that deals or transacts with a person that is or was the subject or
                                            the target of Sanctions or located, organized or resident in a Sanctioned Country.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(29)</TD><TD STYLE="text-align: justify"><B>Investment Canada Act Status</B>. Triple
                                            Flag is not a &ldquo;<B>state-owned enterprise</B>&rdquo; within the meaning of the <I>Investment
                                            Canada Act</I> (Canada), and is a &ldquo;<B>trade agreement investor</B>&rdquo; or a &ldquo;<B>WTO
                                            investor</B>&rdquo; within the meaning of the <I>Investment Canada Act</I> (Canada).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(30)</TD><TD STYLE="text-align: justify"><B>Ownership of the Company Common Shares
                                            and Company Preference Shares</B>. As of the date hereof, except as disclosed in the Triple
                                            Flag Disclosure Letter, neither Triple Flag nor any Triple Flag Subsidiary, whether alone
                                            or together with any Person under common control with Triple Flag or any Triple Flag Subsidiary
                                            or a Person acting jointly or in concert with any of them, directly or indirectly, beneficially
                                            own or exercise control or direction over any securities of the Company nor do they have
                                            any options, rights or entitlements to acquire any securities of the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(31)</TD><TD STYLE="text-align: justify"><B>Issuance of Triple Flag Securities</B>.&nbsp;Triple
                                            Flag has the full power and authority to issue the Triple Flag Common Shares to be issued
                                            to the Company Shareholders pursuant to the Plan of Arrangement. The issuance of such Triple
                                            Flag Common Shares has been, or prior to the Effective Date will be, duly authorized, and
                                            such Triple Flag Common Shares, when issued in accordance with the Plan of Arrangement, will
                                            be validly issued as fully paid and non-assessable shares of Triple Flag</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Schedule&nbsp;E<BR>
AMENDMENT TO TRIPLE FLAG INVESTOR RIGHTS AGREEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">See attached.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TRIPLE FLAG PRECIOUS METALS CORP.<BR>
INVESTOR RIGHTS AGREEMENT AMENDING AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>THIS AMENDING AGREEMENT
</B>is made as of November&nbsp;9, 2022 between Triple Flag Precious Metals Corp. (the &ldquo;<B>Company</B>&rdquo;), Triple Flag Mining
Aggregator S.&agrave; r.l. (&ldquo;<B>Aggregator</B>&rdquo;) and Triple Flag Co-Invest Luxembourg Investment Company S.&agrave; r.l.
(&ldquo;<B>Co-Invest Luxco</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>RECITALS:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company, Triple Flag Mining Elliott and Management
Co-Invest LP (&ldquo;<B>Co-Invest LP</B>&rdquo;) and Co-Invest Luxco entered into an investor rights agreement made as of May&nbsp;26,
2021 (the &ldquo;<B>Investor Rights Agreement</B>&rdquo;) regarding the rights of Co-Invest LP and Co-Invest Luxco as shareholders of
the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On February&nbsp;25, 2022, Aggregator became
a shareholder of Triple Flag, and signed a joinder to the Investor Rights Agreement wherein it became party to, and subject to the rights
and obligations under, the Investor Rights Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On May&nbsp;26, 2022, the Co-Invest LP transferred
its Common Shares to its limited partners, including Aggregator, and ceased to be a shareholder of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On November&nbsp;9, 2022, Triple Flag and Maverix
Metals Inc. (&ldquo;<B>Maverix</B>&rdquo;) entered into an arrangement agreement (the &ldquo;<B>Arrangement Agreement</B>&rdquo;) providing
for a statutory plan of arrangement under the <I>Canada Business Corporations Act </I>pursuant to which Triple Flag will acquire all
of the issued and outstanding common shares of Maverix (the &ldquo;<B>Arrangement</B>&rdquo;). In connection with the Arrangement, the
parties wish to amend the Investor Rights Agreement effective upon the closing of the Arrangement Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>THEREFORE</B>, the parties agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>1.</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Definitions</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Any capitalized terms used and not otherwise
defined in this agreement shall have the meanings given to them in the Investor Rights Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>2.</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Amendments</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Effective upon closing of the Arrangement in accordance with the Arrangement
Agreement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>Section&nbsp;2.2(a)&nbsp;of the Investor Rights Agreement is deleted
                                            in its entirety and replaced with the following:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify">&ldquo;(a)&nbsp;&nbsp;&nbsp;In respect
of any Directors Election Meeting, as long as the Elliott Shareholders, as a group, own, control or direct, directly or indirectly:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1.8in"></TD><TD STYLE="width: 0.25in; text-align: left">(i)</TD><TD STYLE="text-align: justify">at least 40% of the
                                            outstanding Common Shares, (on a non-diluted basis), the Elliott Shareholders, as a group,
                                            shall be entitled to designate 33% of the Nominees (rounded up to the next whole member);</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.8in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">at least 30% of the outstanding Common
                                            Shares, but less than 40% thereof (each on a non-diluted basis), the Elliott Shareholders,
                                            as a group, shall be entitled to designate 30% of the Nominees (rounded up to the next whole
                                            member);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.8in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify">at least 20% of the outstanding Common
                                            Shares, but less than 30% thereof (each on a non-diluted basis), the Elliott Shareholders,
                                            as a group, shall be entitled to designate 20% of the Nominees (rounded up to the next whole
                                            member); and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.8in"></TD><TD STYLE="width: 0.25in">(iv)</TD><TD STYLE="text-align: justify">at least 10% of the outstanding Common
                                            Shares, but less than 20% thereof (each on a non-diluted basis), the Elliott Shareholders,
                                            as a group, shall be entitled to designate 10% of the Nominees (rounded up to the next whole
                                            member).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">For greater certainty, upon the first
instance whereby the Elliott Shareholders, as a group, own, control or direct, directly or indirectly, less than 10% of the outstanding
Common Shares (on a non-diluted basis), the Elliott Shareholders shall no longer be entitled to designate any Nominees.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Section&nbsp;3.1(c)(i)&nbsp;of the Investor
                                            Rights Agreement is deleted in its entirety and replaced with the following:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-size: 10pt">&ldquo;(i)</FONT>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">in
any particular calendar year after having complied with three Demand Registration requests in the aggregate from the Elliott Shareholders
and/or their Permitted Transferees in such calendar year pursuant to this Section&nbsp;3.1 or if within the preceding 90 days a Demand
Registration or Piggyback Registration was effected.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>3.</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Nominees
of the Elliott Shareholders</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Upon the amendments to the Investor Rights Agreement
in Section&nbsp;2 above becoming effective in accordance with the terms hereof and the increase of the Board to nine Directors, the Nominees
of the Elliott Shareholders under the Investor Rights Agreement, as amended hereby, shall be Tim Baker, Mark Cicirelli and Peter O&rsquo;Hagan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>4.</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Further
Assurances</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The parties agree to execute and deliver such
further and other documents and perform and cause to be performed such further and other acts and things as may be necessary or desirable
in order to give full effect to this Amending Agreement and every part hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>5.</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Binding
Effect</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Amending Agreement shall enure to the benefit
of and be binding upon the parties and their respective heirs, executors, administrators, successors and permitted assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>6.</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Governing
Law</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Amending Agreement shall be governed by
and construed in accordance with the laws of the Province of Ontario and the laws of Canada applicable therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>7.</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Execution</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Delivery of an executed counterpart of this Amending
Agreement by facsimile or other electronic means, including, without limitation, by facsimile transmission, by electronic delivery in
portable document format (&ldquo;.pdf&rdquo;) or tagged image file format (&ldquo;.tiff&rdquo;) or by DocuSign, shall be equally effective
as delivery of a manually executed counterpart thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>8.</B></FONT><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Termination
date</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Amending Agreement shall terminate automatically
upon the termination of the Arrangement Agreement in accordance with its terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><I>[Remainder of page&nbsp;intentionally
left blank]</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>IN WITNESS OF WHICH </B>the parties hereto have caused this Amending
Agreement to be duly executed as of the date first set forth above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TRIPLE FLAG
    PRECIOUS METALS CORP.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 47%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TRIPLE FLAG
    CO-INVEST LUXEMBOURG INVESTMENT</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>COMPANY S.&Agrave;
    R.L.</B>, a soci&eacute;t&eacute; &agrave; responsabilit&eacute; limit&eacute;e governed by the laws of the Grand Duchy of Luxembourg,
    having its registered office located at 12c, rue Guillaume Kroll, L-1882 Luxembourg and registered with the R.C.S. Luxembourg under
    number B 233.415</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Authorized Signatory</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TRIPLE FLAG
    MINING AGGREGATOR S.&Agrave; R.L., </B>a soci&eacute;t&eacute; &agrave; responsabilit&eacute; limit&eacute;e governed by the laws
    of the Grand Duchy of Luxembourg, having its registered office located at 12c, rue Guillaume Kroll, L-1882 Luxembourg and registered
    with the R.C.S. Luxembourg under number B 250.444</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; width: 3%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; width: 47%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Authorized
    Signatory</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>tm2230837d1_ex99-3.htm
<DESCRIPTION>EXHIBIT 99.3
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.3</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><U>VOTING
Support AGREEMENT</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">This Agreement between Triple
Flag Precious Metals Corp. (&ldquo;<B>Liberty</B>&rdquo;), Maverix Metals Inc. (the &ldquo;<B>Company</B>&rdquo;), and Triple Flag Mining
Aggregator S.&agrave; r.l. (the &ldquo;<B>Shareholder</B>&rdquo; and together with Liberty and the Company, the &ldquo;<B>Parties</B>&rdquo;
and each a &ldquo;<B>Party</B>&rdquo;) is made this 9<SUP>th</SUP> day of November, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><U>RECITALS</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Liberty
and the Company have entered into an arrangement agreement (the &ldquo;<B>Arrangement Agreement</B>&rdquo;) dated of even date herewith
pursuant to which Liberty will acquire all of the outstanding common shares of the Company by way of a plan of arrangement, under which
common shareholders of the Company will receive, at their election, cash and</FONT> common shares of Liberty (&ldquo;<B>Liberty Shares</B>&rdquo;),
subject to pro-ration, all in accordance with the plan of arrangement (the&nbsp;&ldquo;<B>Proposed Transaction</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">This Agreement sets out the
terms and conditions on which the Shareholder has agreed to support the Proposed Transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Liberty and the Shareholder,
among others, are party to an investor rights agreement dated as of May&nbsp;26, 2021 (the &ldquo;<B>Investor Rights Agreement</B>&rdquo;)
pursuant to which, in the event of certain issuances of Liberty Shares, the Shareholder has a right to subscribe (the &ldquo;<B>Pre-Emptive
Right</B>&rdquo;) for such number of Liberty Shares which would result in the Shareholder owning, controlling or directing, directly or
indirectly, the same aggregate percentage of Liberty Shares that it owned, controlled or directed, directly or indirectly, immediately
prior to any such issuance. In accordance with section 4.2(b)&nbsp;of the Investor Rights Agreement, the Shareholder has agreed to waive
its Pre-Emptive Right in respect of the issuance of Liberty Shares or securities directly or indirectly convertible into, exchangeable
for or exercisable to acquire Liberty Shares (&ldquo;<B>Convertible Securities</B>&rdquo;) to Company securityholders in connection with
the Proposed Transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">For the purposes of this Agreement,
the term &ldquo;<B>Subject Shares</B>&rdquo; shall refer to the 122,043,804 Liberty Shares that the Shareholder beneficially owns or exercises
control or direction over, directly or indirectly, as of the date hereof, and any and all Liberty Shares of which the Shareholder acquires
beneficial ownership, or control or direction over, directly or indirectly, after the date hereof. Capitalized terms used in this voting
support agreement (this&nbsp;&ldquo;<B>Agreement</B>&rdquo;) and not otherwise defined herein that are defined in the Arrangement Agreement
shall have the respective meanings ascribed thereto in the Arrangement Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&nbsp;1<U><BR>
COVENANTS OF Shareholder</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.1</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">In
connection with the determination from the TSX that, in satisfaction of the requirements of section 611 of the TSX Company Manual, the
Liberty Shareholder Approval may be obtained by an action by written consent, the Shareholder hereby agrees that, concurrent with the
signing hereof, it shall deliver a written consent to Liberty and the Company in the form of Schedule &ldquo;A&rdquo; hereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.2</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
Shareholder hereby agrees that it shall not, directly or indirectly, except in accordance with the terms of this Agreement, as contemplated
by the Arrangement Agreement or with the prior written consent of each of Liberty and the Company (not to be unreasonably withheld):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">option, sell, assign, dispose of, pledge, encumber, grant a security interest in or otherwise convey any
Subject Shares or any right or interest therein, or agree to do any of the foregoing;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">exercise any securityholder rights or remedies available at common law or pursuant to applicable Law,
or take any other action of any kind, in each case which would reasonably be regarded as likely to delay or interfere with the completion
of, the Proposed Transaction;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">do indirectly, including through any of its wholly-owned Subsidiaries, anything which would not be permitted
to be done directly pursuant to the foregoing provisions of this Section&nbsp;1.2; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">take any action to encourage or assist any other Person to do any of the prohibited acts referred to in
the foregoing provisions of this Section&nbsp;1.2.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.3</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">Notwithstanding
the foregoing, Section&nbsp;1.2 shall not apply to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">any transfer or other disposition of any or all of the Subject Shares by the Shareholder to any of its
affiliates or to any investment fund or other entity controlled or managed by Elliott Investment Management L.P., provided that prior
to or upon such transfer, any such transferee shall have agreed in writing to be bound by this Agreement in the same manner as the Shareholder;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">any transfer or other disposition of any of the Subject Shares by the Shareholder to a shareholder of
Triple Flag Co-Invest Luxembourg Investment Company s.&agrave; r.l. (&ldquo;<B>Co-Invest Luxco</B>&rdquo;) pursuant to the terms of the
put/call rights granted in the shareholders agreement of Co-Invest Luxco; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">any loan by the Shareholder as part of customary securities lending arrangements so long as the Shareholder
is entitled to vote any such loaned Subject Shares at any meeting of the holders of Liberty Shares held from the date of this Agreement
until the termination of this Agreement (including by recalling such loaned Subject Shares prior to the record date of such meeting as
necessary following which record date the Shareholder may again loan any or all of the Shareholder&rsquo;s Subject Shares as part of customary
securities lending arrangements). Liberty and the Company agree to provide the Shareholder with at least ten (10)&nbsp;calendar days&rsquo;
advance notice of the record date for any meeting of the holders of Liberty Shares held from the date of this Agreement until the termination
of this Agreement and shall notify the Shareholder upon each commencement of an &ldquo;intermediary search request&rdquo; in accordance
with National Instrument 54-101 <I>Communication with Beneficial Owners of Securities of a Reporting Issuer</I>, and any updates thereto.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.4</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">In
accordance with section 4.2(b)&nbsp;of the Investor Rights Agreement, the Shareholder hereby waives its Pre-Emptive Right, together with
any applicable rights of notice, in respect of the issuance of Liberty Shares or Convertible Securities to Company securityholders in
connection with the Proposed Transaction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.5</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
Shareholder covenants to co-operate with Liberty and the Company in making all requisite regulatory filings in connection with the Proposed
Transaction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.6</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
Shareholder shall at all times cause any wholly-owned Subsidiaries through which it beneficially owns or exercises control or direction
over, directly or indirectly, Subject Shares to act in accordance with the terms of this Agreement, to the extent applicable thereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&nbsp;2<U><BR>
REPRESENTATIONS AND WARRANTIES</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.1</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
Shareholder represents and warrants as follows and acknowledges that each of Liberty and the Company is relying upon such representations
and warranties in connection with entering into this Agreement and the Arrangement Agreement:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">(i)&nbsp;the&nbsp;Shareholder beneficially owns, directly or indirectly, or has control or direction over,
122,043,804 Liberty Shares; and (ii)&nbsp;the&nbsp;Shareholder has no agreement or options, or rights or privilege (whether by Law, pre-emptive
or contractual) capable of becoming an agreement or option, for the purchase or acquisition by it or transfer to it of additional securities
of Liberty;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">the Shareholder has the sole right to vote (or cause to be voted) all the Subject Shares now held, and
will have the right to vote (or cause to be voted) all the Subject Shares hereafter acquired by it;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">no Person has any agreement, option, or any right or privilege (whether by Law, pre-emptive or contractual)
capable of becoming an agreement or option, for the purchase, acquisition or transfer from the Shareholder of any of the Subject Shares
or any interest therein or right thereto except for shareholders of Co-Invest Luxco pursuant to the terms of the put/call rights granted
in the shareholders agreement of Co-Invest Luxco;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">the execution and delivery by the Shareholder of this Agreement, the authorization of this Agreement by
the Shareholder, and the performance by the Shareholder of its obligations under this Agreement, will not result (with or without notice
or the passage of time) in a violation or breach of or constitute a default under any provision of: (i)&nbsp;its constating documents
or by-laws; (ii)&nbsp;any applicable Law; (iii)&nbsp;any note, bond, mortgage, indenture or contract or agreement to which the Shareholder
is party or by which it is bound; or (iv)&nbsp;any judgment, decree, order or award of any Governmental Entity or arbitrator;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">the Shareholder is a corporation duly organized under the Law of its jurisdiction of incorporation and
is validly existing;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">the Shareholder has the necessary corporate power and authority to enter into this Agreement and to perform
its obligations hereunder, and its execution and delivery of this Agreement and the performance by it of its obligations under this Agreement
have been duly authorized and no other corporate proceedings on its part are necessary to authorize this Agreement; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: justify">this Agreement has been duly executed and delivered by the Shareholder and constitutes a legal, valid
and binding obligation of it, enforceable against it in accordance with its terms, subject to bankruptcy, insolvency and other applicable
Law affecting creditors&rsquo; rights generally, and to general principles of equity.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.2</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">Liberty
represents and warrants as follows and acknowledges that the Shareholder is relying upon such representations and warranties in connection
with the entering into of this Agreement:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Liberty is a corporation duly organized under the laws of Canada and is validly existing;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Liberty has the necessary corporate power and authority to enter into this Agreement and to perform its
obligations hereunder and, its execution and delivery of this Agreement and the consummation by Liberty of the Proposed Transaction have
been duly authorized and, subject to the Liberty Shareholder Approval, no other corporate proceedings on its part are necessary to authorize
this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">this Agreement has been duly executed and delivered by Liberty and constitutes a legal, valid and binding
obligation of Liberty, enforceable against it in accordance with its terms, subject to bankruptcy, insolvency and other applicable Law
affecting creditors&rsquo; rights generally, and to general principles of equity; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">the authorization of this Agreement, the execution and delivery by Liberty of this Agreement and the performance
by it of its obligations under this Agreement, will not result (with or without notice or the passage of time) in a violation or breach
of or constitute a default under any provision of (i)&nbsp;its constating documents or by-laws; (ii)&nbsp;any applicable Law; (iii)&nbsp;any
note, bond, mortgage, indenture or contract or agreement to which Liberty is party or by which it is bound; or (iv)&nbsp;any judgment,
decree, order or award of any Governmental Entity or arbitrator.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.3</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
Company represents and warrants as follows and acknowledges that the Shareholder is relying upon such representations and warranties in
connection with the entering into of this Agreement:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">the Company is a corporation duly organized under the laws of Canada and is validly existing;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">the Company has the necessary corporate power and authority to enter into this Agreement and to perform
its obligations hereunder and, its execution and delivery of this Agreement and the consummation by the Company of the Proposed Transaction
have been duly authorized and, subject to the Company Shareholder Approval, no other corporate proceedings on its part are necessary to
authorize this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">this Agreement has been duly executed and delivered by the Company and constitutes a legal, valid and
binding obligation of the Company, enforceable against it in accordance with its terms, subject to bankruptcy, insolvency and other applicable
Law affecting creditors&rsquo; rights generally, and to general principles of equity; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">the authorization of this Agreement, the execution and delivery by the Company of this Agreement and the
performance by it of its obligations under this Agreement, will not result (with or without notice or the passage of time) in a violation
or breach of or constitute a default under any provision of (i)&nbsp;its Constating Documents; (ii)&nbsp;any applicable Law; (iii)&nbsp;any
note, bond, mortgage, indenture or contract or agreement to which the Company is party or by which it is bound; or (iv)&nbsp;any judgment,
decree, order or award of any Governmental Entity or arbitrator.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&nbsp;3<U><BR>
TERMINATION</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.1</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">This
Agreement shall terminate automatically upon the earlier of: (i)&nbsp;the Effective Time; and (ii)&nbsp;the termination of the Arrangement
Agreement in accordance with its terms.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.2</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">This
Agreement may be terminated by the Shareholder if any amendment is made to the Arrangement Agreement without the consent of the Shareholder
to increase the amount of, or change the form of, the consideration payable for the common shares of the Company to be acquired pursuant
to the Arrangement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.3</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">If
this Agreement is terminated in accordance with Section&nbsp;3.1 or Section&nbsp;3.2, the provisions of this Agreement will become void
and no Party shall have liability to any other Party, except in respect of a breach of this Agreement which occurred prior to such termination.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&nbsp;4<U><BR>
GENERAL</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.1</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
division of this Agreement into Articles, Sections, subsections and paragraphs and the insertion of headings herein are for convenience
of reference only and shall not affect in any way the meaning or interpretation of this Agreement. The terms &ldquo;<B>this Agreemen</B>t&rdquo;,
 &ldquo;<B>hereof</B>&rdquo;, &ldquo;<B>herein</B>&rdquo;, &ldquo;<B>hereto</B>&rdquo;, &ldquo;<B>hereunder</B>&rdquo; and similar expressions
refer to this Agreement and not to any particular article, section or other portion hereof and include any agreement, schedule or instrument
supplementary or ancillary hereto or thereto. Unless the contrary intention appears, references in this Agreement to an Article, Section,
subsection, paragraph or Schedule by number or letter or both refer to the Article, Section, subsection, paragraph or Schedule, respectively,
bearing that designation in this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.2</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">In
this Agreement, unless the context otherwise requires, words importing the singular only shall include the plural and vice versa, words
importing the use of either gender shall include both genders and neuter.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.3</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
Shareholder hereby consents to the disclosure of the substance of this Agreement in any press release or the Circular and to the filing
of this Agreement as may be required pursuant to applicable Laws. The parties shall co-ordinate in the making and dissemination of any
public announcement relating to the subject matter of this Agreement. A copy of this Agreement may be provided to the trustees or directors
of each of the parties hereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.4</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">This
Agreement shall not be assigned by any Party hereto without the prior written consent of the other Parties hereto. This Agreement shall
enure to the benefit of the Parties and their respective successors and permitted assigns and shall be binding upon the Parties and their
respective successors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.5</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">Time
shall be of the essence of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.6</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">Each
of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such
provision or part thereof by a court of competent jurisdiction shall not affect the validity or enforceability of any other provision
hereof. To the extent permitted by applicable Laws, the Parties hereto waive any provision of Law that renders any provision of this Agreement
or any part thereof invalid or unenforceable in any respect. The Parties hereto will engage in good faith negotiations to replace any
provision hereof or any part thereof that is declared invalid or unenforceable with a valid and enforceable provision or part thereof,
the economic effect of which approximates as much as possible the invalid or unenforceable provision or part thereof that it replaces.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.7</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">Any
notice, consent, waiver, direction or other communication required or permitted to be given under this Agreement by a Party hereto shall
be in writing and shall be delivered by hand to the Party hereto to which the notice is to be given, sent by electronic mail to the following
address, or to such other address or number as shall be specified by a Party hereto by like notice. Any notice, consent, waiver, direction
or other communication aforesaid shall, if delivered, be deemed to have been given and received on the date on which it was delivered
to the address provided herein (if a Business Day or, if not, then the next succeeding Business Day) and if sent by electronic mail be
deemed to have been given and received at the time of receipt (if a Business Day or, if not, then the next succeeding Business Day) unless
actually received after 5:00 p.m.&nbsp;(Toronto time) at the point of delivery in which case it shall be deemed to have been given and
received on the next Business Day.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --> -</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">The addresses and
numbers for service of each of the Parties hereto shall be as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">if to the Shareholder</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Elliott Investment Management L.P.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">360 S. Rosemary Ave, 18th floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">West Palm Beach, FL 33401</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">U.S.A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attention:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Mark Cicirelli</FONT></TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">Elliot Greenberg</TD></TR>
     </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Email:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">[Redacted: Personal Information]</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: 0.25in">With a copy (which shall not constitute
notice) to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Osler, Hoskin&nbsp;&amp; Harcourt LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">100 King Street West, Suite&nbsp;6200</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">Toronto, Ontario M5X 1B8</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">Canada</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attention:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Rosalind Hunter</FONT></TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Email:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">[Redacted: Personal Information]</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">if to the Company:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Maverix Metals Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">575 - 510 Burrard Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Vancouver, British Columbia V6C3A8</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attention:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Dan O&rsquo;Flaherty, Chief Financial
Officer</FONT></TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Email:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Redacted:
Personal Information]</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: 0.25in">With a copy (which shall not constitute
notice) to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Blake, Cassels&nbsp;&amp; Graydon LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">2600 - 595 Burrard Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Vancouver, British Columbia, V7X 1l3</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attention:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Bob Wooder</FONT></TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Email:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">[Redacted: Personal Information]</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">if to Liberty:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Triple Flag Precious Metals Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">4535 - 161 Bay Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Toronto, Ontario M5J 2S1</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attention:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Shaun Usmar</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-size: 10pt">Email:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">[Redacted: Personal Information]</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: 0.25in">With a copy (which shall not constitute
notice) to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Torys LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">79 Wellington St. West</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Suite&nbsp;3000, P.O.&nbsp;Box 270, TD Centre</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Toronto, ON M5K 1N2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attention:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Michael Pickersgill</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-size: 10pt">Email:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">[Redacted: Personal Information]</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.8</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">This
Agreement, together with the agreements and other documents herein or therein referred to, constitute the entire agreement between the
Parties hereto pertaining to the subject matter hereof and supersede all prior agreements, understandings, negotiations and discussions,
whether oral or written, between the Parties with respect to the subject matter hereof. There are no representations, warranties, covenants
or conditions with respect to the subject matter hereof except as contained herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.9</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">This
Agreement shall be governed by, and be construed in accordance with, the laws of the Province of Ontario and the laws of Canada applicable
therein but the reference to such laws shall not, by conflict of laws rules&nbsp;or otherwise, require the application of the law of any
jurisdiction other than the Province of Ontario.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.10</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">Each
Party irrevocably attorns and submits to the non-exclusive jurisdiction of the Ontario courts situated in the City of Toronto and waives
objection to the venue of any proceeding in such court or that such court provides an inconvenient forum.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.11</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">Unless
otherwise stated, all references in this Agreement to amounts of money are expressed in lawful money of Canada.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.12</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
Shareholder recognizes and acknowledges that this Agreement is an integral part of Liberty and the Company entering into the Arrangement
Agreement, and that Liberty and the Company would not contemplate proceeding with the transactions contemplated by the Arrangement Agreement
unless this Agreement was entered into by the Shareholder, and that a breach by the Shareholder of any covenants or other commitments
contained in this Agreement will cause Liberty and the Company to sustain injury for which money damages would not be an adequate remedy
at law. Therefore, the Shareholder agrees that, in the event of any such breach, each of Liberty and the Company shall be entitled to
the remedy of specific performance of such covenants or commitments and preliminary and permanent injunctive and other equitable relief
in addition to any other remedy to which it may be entitled, at law or in equity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --> -</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.13</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">This
Agreement may be executed in one or more counterparts, each of which shall conclusively be deemed to be an original and all such counterparts
collectively shall be conclusively deemed to be one and the same. Delivery of an executed counterpart of the signature page&nbsp;to this
Agreement by electronic mail shall be as effective as delivery of a manually executed counterpart of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>[Remainder of page&nbsp;intentionally left blank]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">IN WITNESS WHEREOF the Parties have signed this Voting Support Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><B>TRIPLE FLAG PRECIOUS METALS CORP. &nbsp;</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt"><I STYLE="font-style: normal; font-weight: normal">/s/ Shaun Usmar</I></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; width: 3%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 42%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shaun Usmar</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Executive Officer</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><B>MAVERIX METALS INC. &nbsp;</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt"><I STYLE="font-style: normal; font-weight: normal">/s/ C. Warren Beil</I></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; width: 3%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 42%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">C. Warren Beil</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">General Counsel</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">- <!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --> -</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>SHAREHOLDER:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: normal 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-style: normal; vertical-align: top; font-weight: normal">
    <TD STYLE="font-style: normal; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-style: normal; text-align: justify; font-size: 10pt; font-weight: normal"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">TRIPLE
    FLAG MINING AGGREGATOR S.&Agrave; R.L., a soci&eacute;t&eacute; &agrave; responsabilit&eacute; limit&eacute;e governed by the laws
    of the Grand Duchy of Luxembourg, having its registered office located at 12c, rue Guillaume Kroll, L-1882 Luxembourg and registered
    with the R.C.S. Luxembourg under number B 250.444</FONT></TD></TR>
  <TR STYLE="font-style: normal; vertical-align: top; font-weight: normal">
    <TD STYLE="font-style: normal; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-style: normal; font-size: 10pt; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-style: normal; vertical-align: top; font-weight: normal">
    <TD STYLE="font-style: normal; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-style: normal; font-size: 10pt; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-style: normal; vertical-align: top; font-weight: normal">
    <TD STYLE="font-style: normal; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD STYLE="font-style: normal; font-size: 10pt; font-weight: normal"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="font-style: normal; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">/s/
    Jeffrey Yurkovic</FONT></TD></TR>
  <TR STYLE="font-style: normal; vertical-align: top; font-weight: normal">
    <TD STYLE="font-style: normal; width: 50%; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD STYLE="font-style: normal; font-size: 10pt; width: 3%; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD STYLE="font-style: normal; font-size: 10pt; width: 5%; font-weight: normal"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Name:</FONT></TD>
    <TD STYLE="font-style: normal; font-size: 10pt; width: 42%; font-weight: normal"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Jeffrey
    Yurkovic </FONT></TD></TR>
  <TR STYLE="font-style: normal; vertical-align: top; font-weight: normal">
    <TD STYLE="font-style: normal; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD STYLE="font-style: normal; font-size: 10pt; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD STYLE="font-style: normal; font-size: 10pt; font-weight: normal"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Title:</FONT></TD>
    <TD STYLE="font-style: normal; font-size: 10pt; font-weight: normal"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Authorized
    manager</FONT></TD></TR>
  <TR STYLE="font-style: normal; vertical-align: top; font-weight: normal">
    <TD STYLE="font-style: normal; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD STYLE="font-style: normal; font-size: 10pt; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD STYLE="font-style: normal; font-size: 10pt; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD STYLE="font-style: normal; font-size: 10pt; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-style: normal; vertical-align: top; font-weight: normal">
    <TD STYLE="font-style: normal; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD STYLE="font-style: normal; font-size: 10pt; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD STYLE="font-style: normal; font-size: 10pt; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD STYLE="font-style: normal; font-size: 10pt; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-style: normal; vertical-align: top; font-weight: normal">
    <TD STYLE="font-style: normal; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD STYLE="font-style: normal; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="font-style: normal; border-bottom: Black 1pt solid; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">/s/
    J&eacute;r&ocirc;me Devillet</FONT></TD></TR>
  <TR STYLE="font-style: normal; vertical-align: top; font-weight: normal">
    <TD STYLE="font-style: normal; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD STYLE="font-style: normal; font-size: 10pt; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD STYLE="font-style: normal; font-size: 10pt; font-weight: normal"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Name:</FONT></TD>
    <TD STYLE="font-style: normal; font-size: 10pt; font-weight: normal"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">J&eacute;r&ocirc;me
    Devillet</FONT></TD></TR>
  <TR STYLE="font-style: normal; vertical-align: top; font-weight: normal">
    <TD STYLE="font-style: normal; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD STYLE="font-style: normal; font-size: 10pt; font-weight: normal"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD STYLE="font-style: normal; font-size: 10pt; font-weight: normal"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Title:</FONT></TD>
    <TD STYLE="font-style: normal; font-size: 10pt; font-weight: normal"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Authorized
    manager</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Form&nbsp;of Consent</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(See attached)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B><U>WRITTEN CONSENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>TO:</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>TORONTO
STOCK EXCHANGE (&ldquo;TSX&rdquo;)</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS </B>the undersigned
beneficially owns or exercises control or direction over, directly or indirectly, 122,043,804 common shares (&ldquo;<B>Triple Flag Shares</B>&rdquo;)
of Triple Flag Precious Metals Corp. (&ldquo;<B>Triple Flag</B>&rdquo;), representing an approximate 78% interest in Triple Flag;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>AND WHEREAS </B>on November&nbsp;9,
2022, Triple Flag entered into an arrangement agreement with Maverix Metals Inc. (&ldquo;<B>Maverix</B>&rdquo;) providing for a plan of
arrangement under the <I>Canada Business Corporations Act </I>(the &ldquo;<B>Transaction</B>&rdquo;) pursuant to which Triple Flag will
acquire all of the issued and outstanding common shares of Maverix (&ldquo;<B>Maverix Shares</B>&rdquo;) for, at the election of the Maverix
shareholders, US$3.92 in cash or 0.360 Triple Flag Shares per Maverix Share, subject to proration;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>AND WHEREAS </B>the undersigned
is familiar with the terms of the Transaction and pursuant to the terms of a voting and support agreement entered into on November&nbsp;9,
2022 with Triple Flag and Maverix, the undersigned has agreed, among other things, to vote in favour of the issuance of the Triple Flag
Shares under the Transaction;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>AND WHEREAS </B>the number
of Triple Flag Shares to be issued under the Transaction exceeds 25% of the total number of issued and outstanding Triple Flag Shares,
the Transaction requires the approval of Triple Flag shareholders by a majority vote under Section&nbsp;611(c)&nbsp;of the TSX Company
Manual;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>AND WHEREAS </B>this written
consent is being submitted to TSX in accordance with Section&nbsp;604(d)&nbsp;of the TSX Company Manual as written evidence of majority
shareholder approval of the Transaction by Triple Flag shareholders;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW THEREFORE </B>the undersigned
confirms that it is in favour of the Transaction and approves the issuance of the Triple Flag Shares in connection therewith in accordance
with the terms of the Transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[<I>Remainder of page&nbsp;intentionally left blank.</I>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>DATED </B>this ___ day of _________, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt">TRIPLE FLAG
    MINING AGGREGATOR S.&Agrave; R.L., a <I>soci&eacute;t&eacute; &agrave; responsabilit&eacute; limit&eacute;e</I> governed by the laws
    of the Grand Duchy of Luxembourg, having its registered office located at 12c, rue Guillaume Kroll, L-1882 Luxembourg and registered
    with the R.C.S. Luxembourg under number B 250.444</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Name:</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 42%"><FONT STYLE="font-size: 10pt">Authorized manager</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.4
<SEQUENCE>5
<FILENAME>tm2230837d1_ex99-4.htm
<DESCRIPTION>EXHIBIT 99.4
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.4</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><U>VOTING
Support AGREEMENT</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">This Agreement between Triple
Flag Precious Metals Corp. (&ldquo;<B>Liberty</B>&rdquo;), Maverix Metals Inc. (the &ldquo;<B>Company</B>&rdquo;), and Triple Flag Co-Invest
Luxembourg Investment Company S.&agrave; r.l. (the &ldquo;<B>Shareholder</B>&rdquo; and together with Liberty and the Company, the &ldquo;<B>Parties</B>&rdquo;
and each a &ldquo;<B>Party</B>&rdquo;) is made this 9<SUP>th</SUP> day of November, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B><U>RECITALS</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Liberty
and the Company have entered into an arrangement agreement (the &ldquo;<B>Arrangement Agreement</B>&rdquo;) dated of even date herewith
pursuant to which Liberty will acquire all of the outstanding common shares of the Company by way of a plan of arrangement, under which
common shareholders of the Company will receive, at their election, cash and</FONT> common shares of Liberty (&ldquo;<B>Liberty Shares</B>&rdquo;),
subject to pro-ration, all in accordance with the plan of arrangement (the&nbsp;&ldquo;<B>Proposed Transaction</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">This Agreement sets out the
terms and conditions on which the Shareholder has agreed to support the Proposed Transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Liberty and the Shareholder,
among others, are party to an investor rights agreement dated as of May&nbsp;26, 2021 (the &ldquo;<B>Investor Rights Agreement</B>&rdquo;)
pursuant to which, in the event of certain issuances of Liberty Shares, the Shareholder has a right to subscribe (the &ldquo;<B>Pre-Emptive
Right</B>&rdquo;) for such number of Liberty Shares which would result in the Shareholder owning, controlling or directing, directly or
indirectly, the same aggregate percentage of Liberty Shares that it owned, controlled or directed, directly or indirectly, immediately
prior to any such issuance. In accordance with section 4.2(b)&nbsp;of the Investor Rights Agreement, the Shareholder has agreed to waive
its Pre-Emptive Right in respect of the issuance of Liberty Shares or securities directly or indirectly convertible into, exchangeable
for or exercisable to acquire Liberty Shares (&ldquo;<B>Convertible Securities</B>&rdquo;) to Company securityholders in connection with
the Proposed Transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">For the purposes of this Agreement,
the term &ldquo;<B>Subject Shares</B>&rdquo; shall refer to the 7,873,833 Liberty Shares that the Shareholder beneficially owns or exercises
control or direction over, directly or indirectly, as of the date hereof, and any and all Liberty Shares of which the Shareholder acquires
beneficial ownership, or control or direction over, directly or indirectly, after the date hereof. Capitalized terms used in this voting
support agreement (this&nbsp;&ldquo;<B>Agreement</B>&rdquo;) and not otherwise defined herein that are defined in the Arrangement Agreement
shall have the respective meanings ascribed thereto in the Arrangement Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&nbsp;1<U><BR>
COVENANTS OF Shareholder</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.1</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">In
connection with the determination from the TSX that, in satisfaction of the requirements of section 611 of the TSX Company Manual, the
Liberty Shareholder Approval may be obtained by an action by written consent, the Shareholder hereby agrees that, concurrent with the
signing hereof, it shall deliver a written consent to Liberty and the Company in the form of Schedule &ldquo;A&rdquo; hereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.2</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
Shareholder hereby agrees that it shall not, directly or indirectly, except in accordance with the terms of this Agreement, as contemplated
by the Arrangement Agreement or with the prior written consent of each of Liberty and the Company (not to be unreasonably withheld):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">option, sell, assign, dispose of, pledge, encumber, grant a security interest in or otherwise convey any
Subject Shares or any right or interest therein, or agree to do any of the foregoing;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">exercise any securityholder rights or remedies available at common law or pursuant to applicable Law,
or take any other action of any kind, in each case which would reasonably be regarded as likely to delay or interfere with the completion
of, the Proposed Transaction;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">do indirectly, including through any of its wholly-owned Subsidiaries, anything which would not be permitted
to be done directly pursuant to the foregoing provisions of this Section&nbsp;1.2; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">take any action to encourage or assist any other Person to do any of the prohibited acts referred to in
the foregoing provisions of this Section&nbsp;1.2.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.3</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">Notwithstanding
the foregoing, Section&nbsp;1.2 shall not apply to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">any transfer or other disposition of any or all of the Subject Shares by the Shareholder to any of its
affiliates or to any investment fund or other entity controlled or managed by Elliott Investment Management L.P., provided that prior
to or upon such transfer, any such transferee shall have agreed in writing to be bound by this Agreement in the same manner as the Shareholder;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">any transfer or other disposition of any of the Subject Shares by the Shareholder to a shareholder of
Triple Flag Co-Invest Luxembourg Investment Company s.&agrave; r.l. (&ldquo;<B>Co-Invest Luxco</B>&rdquo;) pursuant to the terms of the
put/call rights granted in the shareholders agreement of Co-Invest Luxco; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">any loan by the Shareholder as part of customary securities lending arrangements so long as the Shareholder
is entitled to vote any such loaned Subject Shares at any meeting of the holders of Liberty Shares held from the date of this Agreement
until the termination of this Agreement (including by recalling such loaned Subject Shares prior to the record date of such meeting as
necessary following which record date the Shareholder may again loan any or all of the Shareholder&rsquo;s Subject Shares as part of customary
securities lending arrangements). Liberty and the Company agree to provide the Shareholder with at least ten (10)&nbsp;calendar days&rsquo;
advance notice of the record date for any meeting of the holders of Liberty Shares held from the date of this Agreement until the termination
of this Agreement and shall notify the Shareholder upon each commencement of an &ldquo;intermediary search request&rdquo; in accordance
with National Instrument 54-101 <I>Communication with Beneficial Owners of Securities of a Reporting Issuer</I>, and any updates thereto.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.4</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">In
accordance with section 4.2(b)&nbsp;of the Investor Rights Agreement, the Shareholder hereby waives its Pre-Emptive Right, together with
any applicable rights of notice, in respect of the issuance of Liberty Shares or Convertible Securities to Company securityholders in
connection with the Proposed Transaction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.5</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
Shareholder covenants to co-operate with Liberty and the Company in making all requisite regulatory filings in connection with the Proposed
Transaction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.6</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
Shareholder shall at all times cause any wholly-owned Subsidiaries through which it beneficially owns or exercises control or direction
over, directly or indirectly, Subject Shares to act in accordance with the terms of this Agreement, to the extent applicable thereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&nbsp;2<U><BR>
REPRESENTATIONS AND WARRANTIES</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.1</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
Shareholder represents and warrants as follows and acknowledges that each of Liberty and the Company is relying upon such representations
and warranties in connection with entering into this Agreement and the Arrangement Agreement:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">(i)&nbsp;the&nbsp;Shareholder beneficially owns, directly or indirectly, or has control or direction over,
7,873,833 Liberty Shares; and (ii)&nbsp;the&nbsp;Shareholder has no agreement or options, or rights or privilege (whether by Law, pre-emptive
or contractual) capable of becoming an agreement or option, for the purchase or acquisition by it or transfer to it of additional securities
of Liberty;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">the Shareholder has the sole right to vote (or cause to be voted) all the Subject Shares now held, and
will have the right to vote (or cause to be voted) all the Subject Shares hereafter acquired by it;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">no Person has any agreement, option, or any right or privilege (whether by Law, pre-emptive or contractual)
capable of becoming an agreement or option, for the purchase, acquisition or transfer from the Shareholder of any of the Subject Shares
or any interest therein or right thereto except for shareholders of Co-Invest Luxco pursuant to the terms of the put/call rights granted
in the shareholders agreement of Co-Invest Luxco;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">the execution and delivery by the Shareholder of this Agreement, the authorization of this Agreement by
the Shareholder, and the performance by the Shareholder of its obligations under this Agreement, will not result (with or without notice
or the passage of time) in a violation or breach of or constitute a default under any provision of: (i)&nbsp;its constating documents
or by-laws; (ii)&nbsp;any applicable Law; (iii)&nbsp;any note, bond, mortgage, indenture or contract or agreement to which the Shareholder
is party or by which it is bound; or (iv)&nbsp;any judgment, decree, order or award of any Governmental Entity or arbitrator;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">the Shareholder is a corporation duly organized under the Law of its jurisdiction of incorporation and
is validly existing;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">the Shareholder has the necessary corporate power and authority to enter into this Agreement and to perform
its obligations hereunder, and its execution and delivery of this Agreement and the performance by it of its obligations under this Agreement
have been duly authorized and no other corporate proceedings on its part are necessary to authorize this Agreement; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: justify">this Agreement has been duly executed and delivered by the Shareholder and constitutes a legal, valid
and binding obligation of it, enforceable against it in accordance with its terms, subject to bankruptcy, insolvency and other applicable
Law affecting creditors&rsquo; rights generally, and to general principles of equity.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.2</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">Liberty
represents and warrants as follows and acknowledges that the Shareholder is relying upon such representations and warranties in connection
with the entering into of this Agreement:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">Liberty is a corporation duly organized under the laws of Canada and is validly existing;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">Liberty has the necessary corporate power and authority to enter into this Agreement and to perform its
obligations hereunder and, its execution and delivery of this Agreement and the consummation by Liberty of the Proposed Transaction have
been duly authorized and, subject to the Liberty Shareholder Approval, no other corporate proceedings on its part are necessary to authorize
this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">this Agreement has been duly executed and delivered by Liberty and constitutes a legal, valid and binding
obligation of Liberty, enforceable against it in accordance with its terms, subject to bankruptcy, insolvency and other applicable Law
affecting creditors&rsquo; rights generally, and to general principles of equity; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">the authorization of this Agreement, the execution and delivery by Liberty of this Agreement and the performance
by it of its obligations under this Agreement, will not result (with or without notice or the passage of time) in a violation or breach
of or constitute a default under any provision of (i)&nbsp;its constating documents or by-laws; (ii)&nbsp;any applicable Law; (iii)&nbsp;any
note, bond, mortgage, indenture or contract or agreement to which Liberty is party or by which it is bound; or (iv)&nbsp;any judgment,
decree, order or award of any Governmental Entity or arbitrator.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.3</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
Company represents and warrants as follows and acknowledges that the Shareholder is relying upon such representations and warranties in
connection with the entering into of this Agreement:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">the Company is a corporation duly organized under the laws of Canada and is validly existing;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">the Company has the necessary corporate power and authority to enter into this Agreement and to perform
its obligations hereunder and, its execution and delivery of this Agreement and the consummation by the Company of the Proposed Transaction
have been duly authorized and, subject to the Company Shareholder Approval, no other corporate proceedings on its part are necessary to
authorize this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">this Agreement has been duly executed and delivered by the Company and constitutes a legal, valid and
binding obligation of the Company, enforceable against it in accordance with its terms, subject to bankruptcy, insolvency and other applicable
Law affecting creditors&rsquo; rights generally, and to general principles of equity; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">the authorization of this Agreement, the execution and delivery by the Company of this Agreement and the
performance by it of its obligations under this Agreement, will not result (with or without notice or the passage of time) in a violation
or breach of or constitute a default under any provision of (i)&nbsp;its Constating Documents; (ii)&nbsp;any applicable Law; (iii)&nbsp;any
note, bond, mortgage, indenture or contract or agreement to which the Company is party or by which it is bound; or (iv)&nbsp;any judgment,
decree, order or award of any Governmental Entity or arbitrator.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&nbsp;3<U><BR>
TERMINATION</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.1</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">This
Agreement shall terminate automatically upon the earlier of: (i)&nbsp;the Effective Time; and (ii)&nbsp;the termination of the Arrangement
Agreement in accordance with its terms.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.2</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">This
Agreement may be terminated by the Shareholder if any amendment is made to the Arrangement Agreement without the consent of the Shareholder
to increase the amount of, or change the form of, the consideration payable for the common shares of the Company to be acquired pursuant
to the Arrangement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.3</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">If
this Agreement is terminated in accordance with Section&nbsp;3.1 or Section&nbsp;3.2, the provisions of this Agreement will become void
and no Party shall have liability to any other Party, except in respect of a breach of this Agreement which occurred prior to such termination.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&nbsp;4<U><BR>
GENERAL</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.1</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
division of this Agreement into Articles, Sections, subsections and paragraphs and the insertion of headings herein are for convenience
of reference only and shall not affect in any way the meaning or interpretation of this Agreement. The terms &ldquo;<B>this Agreemen</B>t&rdquo;,
 &ldquo;<B>hereof</B>&rdquo;, &ldquo;<B>herein</B>&rdquo;, &ldquo;<B>hereto</B>&rdquo;, &ldquo;<B>hereunder</B>&rdquo; and similar expressions
refer to this Agreement and not to any particular article, section or other portion hereof and include any agreement, schedule or instrument
supplementary or ancillary hereto or thereto. Unless the contrary intention appears, references in this Agreement to an Article, Section,
subsection, paragraph or Schedule by number or letter or both refer to the Article, Section, subsection, paragraph or Schedule, respectively,
bearing that designation in this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.2</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">In
this Agreement, unless the context otherwise requires, words importing the singular only shall include the plural and vice versa, words
importing the use of either gender shall include both genders and neuter.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.3</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
Shareholder hereby consents to the disclosure of the substance of this Agreement in any press release or the Circular and to the filing
of this Agreement as may be required pursuant to applicable Laws. The parties shall co-ordinate in the making and dissemination of any
public announcement relating to the subject matter of this Agreement. A copy of this Agreement may be provided to the trustees or directors
of each of the parties hereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.4</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">This
Agreement shall not be assigned by any Party hereto without the prior written consent of the other Parties hereto. This Agreement shall
enure to the benefit of the Parties and their respective successors and permitted assigns and shall be binding upon the Parties and their
respective successors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.5</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">Time
shall be of the essence of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.6</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">Each
of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such
provision or part thereof by a court of competent jurisdiction shall not affect the validity or enforceability of any other provision
hereof. To the extent permitted by applicable Laws, the Parties hereto waive any provision of Law that renders any provision of this Agreement
or any part thereof invalid or unenforceable in any respect. The Parties hereto will engage in good faith negotiations to replace any
provision hereof or any part thereof that is declared invalid or unenforceable with a valid and enforceable provision or part thereof,
the economic effect of which approximates as much as possible the invalid or unenforceable provision or part thereof that it replaces.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.7</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">Any
notice, consent, waiver, direction or other communication required or permitted to be given under this Agreement by a Party hereto shall
be in writing and shall be delivered by hand to the Party hereto to which the notice is to be given, sent by electronic mail to the following
address, or to such other address or number as shall be specified by a Party hereto by like notice. Any notice, consent, waiver, direction
or other communication aforesaid shall, if delivered, be deemed to have been given and received on the date on which it was delivered
to the address provided herein (if a Business Day or, if not, then the next succeeding Business Day) and if sent by electronic mail be
deemed to have been given and received at the time of receipt (if a Business Day or, if not, then the next succeeding Business Day) unless
actually received after 5:00 p.m.&nbsp;(Toronto time) at the point of delivery in which case it shall be deemed to have been given and
received on the next Business Day.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">The addresses and
numbers for service of each of the Parties hereto shall be as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">if to the Shareholder:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Elliott Investment Management L.P.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">360 S. Rosemary Ave, 18th floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">West Palm Beach, FL 33401</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">U.S.A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attention:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Mark Cicirelli</FONT></TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">Elliot Greenberg</TD></TR>
     </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Email:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">[Redacted: Personal Information]</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: 0.25in">With a copy (which shall not constitute
notice) to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Osler, Hoskin&nbsp;&amp; Harcourt LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">100 King Street West, Suite&nbsp;6200</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">Toronto, Ontario M5X 1B8</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">Canada</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attention:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Rosalind Hunter</FONT></TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Email:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">[Redacted: Personal Information]</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">if to the Company:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Maverix Metals Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">575 - 510 Burrard Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Vancouver, British Columbia V6C3A8</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attention:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Dan O&rsquo;Flaherty, Chief Financial
Officer</FONT></TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Email:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Redacted:
Personal Information]</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: 0.25in">With a copy (which shall not constitute
notice) to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Blake, Cassels&nbsp;&amp; Graydon LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">2600 - 595 Burrard Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Vancouver, British Columbia, V7X 1l3</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attention:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Bob Wooder</FONT></TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Email:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">[Redacted: Personal Information]</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">if to Liberty:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Triple Flag Precious Metals Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">4535 - 161 Bay Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Toronto, Ontario M5J 2S1</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attention:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Shaun Usmar</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-size: 10pt">Email:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">[Redacted: Personal Information]</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: 0.25in">With a copy (which shall not constitute
notice) to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Torys LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">79 Wellington St. West</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Suite&nbsp;3000, P.O.&nbsp;Box 270, TD Centre</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Toronto, ON M5K 1N2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attention:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Michael Pickersgill</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 1in; text-align: left"><FONT STYLE="font-size: 10pt">Email:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">[Redacted: Personal Information]</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.8</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">This
Agreement, together with the agreements and other documents herein or therein referred to, constitute the entire agreement between the
Parties hereto pertaining to the subject matter hereof and supersede all prior agreements, understandings, negotiations and discussions,
whether oral or written, between the Parties with respect to the subject matter hereof. There are no representations, warranties, covenants
or conditions with respect to the subject matter hereof except as contained herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.9</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">This
Agreement shall be governed by, and be construed in accordance with, the laws of the Province of Ontario and the laws of Canada applicable
therein but the reference to such laws shall not, by conflict of laws rules&nbsp;or otherwise, require the application of the law of any
jurisdiction other than the Province of Ontario.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.10</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">Each
Party irrevocably attorns and submits to the non-exclusive jurisdiction of the Ontario courts situated in the City of Toronto and waives
objection to the venue of any proceeding in such court or that such court provides an inconvenient forum.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.11</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">Unless
otherwise stated, all references in this Agreement to amounts of money are expressed in lawful money of Canada.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.12</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
Shareholder recognizes and acknowledges that this Agreement is an integral part of Liberty and the Company entering into the Arrangement
Agreement, and that Liberty and the Company would not contemplate proceeding with the transactions contemplated by the Arrangement Agreement
unless this Agreement was entered into by the Shareholder, and that a breach by the Shareholder of any covenants or other commitments
contained in this Agreement will cause Liberty and the Company to sustain injury for which money damages would not be an adequate remedy
at law. Therefore, the Shareholder agrees that, in the event of any such breach, each of Liberty and the Company shall be entitled to
the remedy of specific performance of such covenants or commitments and preliminary and permanent injunctive and other equitable relief
in addition to any other remedy to which it may be entitled, at law or in equity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.13</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">This
Agreement may be executed in one or more counterparts, each of which shall conclusively be deemed to be an original and all such counterparts
collectively shall be conclusively deemed to be one and the same. Delivery of an executed counterpart of the signature page&nbsp;to this
Agreement by electronic mail shall be as effective as delivery of a manually executed counterpart of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">IN WITNESS WHEREOF the Parties have signed this Voting Support Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><B>TRIPLE FLAG PRECIOUS METALS CORP.</B> <B>&nbsp;</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt"><I STYLE="font-style: normal; font-weight: normal">/s/ Shaun Usmar</I></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; width: 3%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 42%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shaun Usmar</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Executive Officer</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><B>MAVERIX METALS INC.</B> <B>&nbsp;</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt"><I STYLE="font-style: normal; font-weight: normal">/s/ C. Warren Beil</I></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; width: 3%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 42%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">C. Warren Beil</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">General Counsel</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>SHAREHOLDER:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TRIPLE FLAG CO-INVEST LUXEMBOURG INVESTMENT COMPANY S.&Agrave; R.L., a soci&eacute;t&eacute; &agrave; responsabilit&eacute; limit&eacute;e governed by the laws of the Grand Duchy of Luxembourg, having its registered office located at 12c, rue Guillaume Kroll, L-1882 Luxembourg and registered with the R.C.S. Luxembourg under number B 233.415</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt"><I STYLE="font-style: normal; font-weight: normal">/s/ Jeffrey Yurkovic</I></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; width: 3%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 42%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jeffrey Yurkovic </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Authorized manager</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><I STYLE="font-style: normal; font-weight: normal">/s/ J&eacute;r&ocirc;me Devillet</I></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">J&eacute;r&ocirc;me Devillet</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Authorized manager</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Form&nbsp;of Consent</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(See attached)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B><U>WRITTEN CONSENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TO:</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>TORONTO
STOCK EXCHANGE (&ldquo;TSX&rdquo;)</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>WHEREAS
</B></FONT>the undersigned beneficially owns or exercises control or direction over, directly or indirectly, 7,873,833 common shares (&ldquo;<B>Triple
Flag Shares</B>&rdquo;) of Triple Flag Precious Metals Corp. (&ldquo;<B>Triple Flag</B>&rdquo;), representing an approximate 5% interest
in Triple Flag;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>AND
WHEREAS </B></FONT>on November&nbsp;9, 2022, Triple Flag entered into an arrangement agreement with Maverix Metals Inc. (&ldquo;<B>Maverix</B>&rdquo;)
providing for a plan of arrangement under the <I>Canada Business Corporations Act </I>(the &ldquo;<B>Transaction</B>&rdquo;) pursuant
to which Triple Flag will acquire all of the issued and outstanding common shares of Maverix (&ldquo;<B>Maverix Shares</B>&rdquo;) for,
at the election of the Maverix shareholders, US$3.92 in cash or 0.360 Triple Flag Shares per Maverix Share, subject to proration;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>AND
WHEREAS </B></FONT>the undersigned is familiar with the terms of the Transaction and pursuant to the terms of a voting and support agreement
entered into on November&nbsp;9, 2022 with Triple Flag and Maverix, the undersigned has agreed, among other things, to vote in favour
of the issuance of the Triple Flag Shares under the Transaction;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>AND
WHEREAS </B></FONT>the number of Triple Flag Shares to be issued under the Transaction exceeds 25% of the total number of issued and outstanding
Triple Flag Shares, the Transaction requires the approval of Triple Flag shareholders by a majority vote under Section&nbsp;611(c)&nbsp;of
the TSX Company Manual;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>AND
WHEREAS </B></FONT>this written consent is being submitted to TSX in accordance with Section&nbsp;604(d)&nbsp;of the TSX Company Manual
as written evidence of majority shareholder approval of the Transaction by Triple Flag shareholders;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>NOW
THEREFORE </B></FONT>the undersigned confirms that it is in favour of the Transaction and approves the issuance of the Triple Flag Shares
in connection therewith in accordance with the terms of the Transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[<I>Remainder of page&nbsp;intentionally left blank.</I>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>DATED </B></FONT>this ___ day of _________,
2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt">TRIPLE FLAG
    CO-INVEST LUXEMBOURG INVESTMENT COMPANY S.&Agrave; R.L., a <I>soci&eacute;t&eacute; &agrave; responsabilit&eacute; limit&eacute;e
    </I>governed by the laws of the Grand Duchy of Luxembourg, having its registered office located at 12c, rue Guillaume Kroll, L-1882
    Luxembourg and registered with the R.C.S. Luxembourg under number B 233.415</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 42%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Authorized manager</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.5
<SEQUENCE>6
<FILENAME>tm2230837d1_ex99-5.htm
<DESCRIPTION>EXHIBIT 99.5
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.5</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>TRIPLE
FLAG PRECIOUS METALS CORP.<BR>
INVESTOR RIGHTS AGREEMENT AMENDING AGREEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>THIS
AMENDING AGREEMENT</B></FONT> is made as of November&nbsp;9, 2022 between Triple Flag Precious Metals Corp. (the &ldquo;<B>Company</B>&rdquo;),
Triple Flag Mining Aggregator S.&agrave; r.l. (&ldquo;<B>Aggregator</B>&rdquo;) and Triple Flag Co-Invest Luxembourg Investment Company
S.&agrave; r.l. (&ldquo;<B>Co-Invest Luxco</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="text-transform: uppercase"><B>RECITALS:</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company, Triple Flag Mining Elliott and Management
Co-Invest LP (&ldquo;<B>Co-Invest LP</B>&rdquo;) and Co-Invest Luxco entered into an investor rights agreement made as of May&nbsp;26,
2021 (the &ldquo;<B>Investor Rights Agreement</B>&rdquo;) regarding the rights of Co-Invest LP and Co-Invest Luxco as shareholders of
the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On February&nbsp;25, 2022, Aggregator became a
shareholder of Triple Flag, and signed a joinder to the Investor Rights Agreement wherein it became party to, and subject to the rights
and obligations under, the Investor Rights Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On May&nbsp;26, 2022, the Co-Invest LP transferred
its Common Shares to its limited partners, including Aggregator, and ceased to be a shareholder of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">On
November&nbsp;9, 2022, Triple Flag and Maverix Metals Inc. (&ldquo;<B>Maverix</B>&rdquo;) entered into an arrangement agreement (the &ldquo;<B>Arrangement
Agreement</B>&rdquo;) providing for a statutory plan of arrangement under the <I>Canada Business Corporations Act</I> pursuant to which
Triple Flag will acquire all of the issued and outstanding common shares of Maverix (the &ldquo;<B>Arrangement</B>&rdquo;).</FONT> In
connection with the Arrangement, the parties wish to amend the Investor Rights Agreement effective upon the closing of the Arrangement
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>THEREFORE</B></FONT>,
the parties agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.</FONT></TD><TD STYLE="text-align: justify"><B>Definitions</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Any capitalized terms used and not otherwise defined
in this agreement shall have the meanings given to them in the Investor Rights Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.</FONT></TD><TD STYLE="text-align: justify"><B>Amendments</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Effective upon closing of the Arrangement in accordance
with the Arrangement Agreement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)</FONT></TD><TD STYLE="text-align: justify">Section&nbsp;2.2(a)&nbsp;of the Investor Rights Agreement is deleted in its entirety and replaced with
the following:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;(a)</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">In
respect of any Directors Election Meeting, as long as the Elliott Shareholders, as a group, own, control or direct, directly or indirectly:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify">at least 40% of the outstanding Common Shares, (on a non-diluted basis), the Elliott Shareholders, as
a group, shall be entitled to designate 33% of the Nominees (rounded up to the next whole member);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">at least 30% of the outstanding Common Shares, but less than 40% thereof (each on a non-diluted basis),
the Elliott Shareholders, as a group, shall be entitled to designate 30% of the Nominees (rounded up to the next whole member);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify">at least 20% of the outstanding Common Shares, but less than 30% thereof (each on a non-diluted basis),
the Elliott Shareholders, as a group, shall be entitled to designate 20% of the Nominees (rounded up to the next whole member); and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2in"></TD><TD STYLE="width: 0.25in">(iv)</TD><TD STYLE="text-align: justify">at least 10% of the outstanding Common Shares, but less than 20% thereof (each on a non-diluted basis),
the Elliott Shareholders, as a group, shall be entitled to designate 10% of the Nominees (rounded up to the next whole member).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">For greater certainty, upon the first
instance whereby the Elliott Shareholders, as a group, own, control or direct, directly or indirectly, less than 10% of the outstanding
Common Shares (on a non-diluted basis), the Elliott Shareholders shall no longer be entitled to designate any Nominees.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)</FONT></TD><TD STYLE="text-align: justify">Section&nbsp;3.1(c)(i)&nbsp;of the Investor Rights Agreement is deleted in its entirety and replaced with
the following:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;(i)</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">in
any particular calendar year after having complied with three Demand <FONT STYLE="font-family: Times New Roman, Times, Serif">Registration
requests in the aggregate from the Elliott Shareholders and/or their Permitted Transferees in such calendar year pursuant to this Section&nbsp;3.1
or if within the preceding 90 days a Demand Registration or Piggyback Registration was effected.&rdquo;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.</FONT></TD><TD STYLE="text-align: justify"><B>Nominees of the Elliott Shareholders</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Upon the amendments to the Investor Rights Agreement
in Section&nbsp;2 above becoming effective in accordance with the terms hereof and the increase of the Board to nine Directors, the Nominees
of the Elliott Shareholders under the Investor Rights Agreement, as amended hereby, shall be Tim Baker, Mark Cicirelli and Peter O&rsquo;Hagan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.</FONT></TD><TD STYLE="text-align: justify"><B>Further Assurances</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The parties agree to execute and deliver such
further and other documents and perform and cause to be performed such further and other acts and things as may be necessary or desirable
in order to give full effect to this Amending Agreement and every part hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.</FONT></TD><TD STYLE="text-align: justify"><B>Binding Effect</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Amending Agreement shall enure to the benefit
of and be binding upon the parties and their respective heirs, executors, administrators, successors and permitted assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.</FONT></TD><TD STYLE="text-align: justify"><B>Governing Law</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Amending Agreement shall be governed by and
construed in accordance with the laws of the Province of Ontario and the laws of Canada applicable therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">7.</FONT></TD><TD STYLE="text-align: justify"><B>Execution</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Delivery of an executed counterpart of this Amending
Agreement by facsimile or other electronic means, including, without limitation, by facsimile transmission, by electronic delivery in
portable document format (&ldquo;.pdf&rdquo;) or tagged image file format (&ldquo;.tiff&rdquo;) or by DocuSign, shall be equally effective
as delivery of a manually executed counterpart thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.</FONT></TD><TD STYLE="text-align: justify"><B>Termination date</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Amending Agreement shall terminate automatically
upon the termination of the Arrangement Agreement in accordance with its terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>[Remainder of page&nbsp;intentionally left
blank]</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>IN
WITNESS OF WHICH</B></FONT> the parties hereto have caused this Amending Agreement to be duly executed as of the date first set forth
above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-style: normal; font-weight: normal">TRIPLE FLAG PRECIOUS METALS CORP.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 47%"><FONT STYLE="font-style: normal; font-weight: normal">/s/ Shaun Usmar</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Name: Shaun
    Usmar</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal">Title: Chief
    Executive Officer</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><B>TRIPLE FLAG CO-INVEST</B> <B>LUXEMBOURG INVESTMENT</B> <FONT STYLE="font-family: Times New Roman, Times, Serif"><B>COMPANY S.&Agrave; R.L.</B></FONT>, a soci&eacute;t&eacute; &agrave; responsabilit&eacute; limit&eacute;e governed by the laws of the Grand Duchy of Luxembourg, having its registered office located at 12c, rue Guillaume Kroll, L-1882 Luxembourg and registered with the R.C.S. Luxembourg under number B 233.415</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 47%"><I STYLE="font-style: normal; font-weight: normal">/s/ Jeffrey Yurkovic&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Jeffrey Yurkovic</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Authorized Signatory</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><I STYLE="font-style: normal; font-weight: normal">/s/ J&eacute;r&ocirc;me Devillet</I></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: J&eacute;r&ocirc;me Devillet</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Authorized Signatory</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TRIPLE FLAG MINING AGGREGATOR S.&Agrave; R.L., </B></FONT><FONT STYLE="font-size: 10pt">a soci&eacute;t&eacute; &agrave; responsabilit&eacute; limit&eacute;e governed by the laws of the Grand Duchy of Luxembourg, having its registered office located at 12c, rue Guillaume Kroll, L-1882 Luxembourg and registered with the R.C.S. Luxembourg under number B 250.444&nbsp;&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><I STYLE="font-style: normal; font-weight: normal">/s/ Jeffrey Yurkovic&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Jeffrey Yurkovic</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Authorized Signatory</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 3%">&nbsp;</TD>
    <TD STYLE="width: 47%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><I STYLE="font-style: normal; font-weight: normal">/s/ J&eacute;r&ocirc;me Devillet</I></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: J&eacute;r&ocirc;me Devillet</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Authorized Signatory</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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