<SEC-DOCUMENT>0001157523-20-000486.txt : 20200408
<SEC-HEADER>0001157523-20-000486.hdr.sgml : 20200408
<ACCEPTANCE-DATETIME>20200408162103
ACCESSION NUMBER:		0001157523-20-000486
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20200408
FILED AS OF DATE:		20200408
DATE AS OF CHANGE:		20200408

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SANDSTORM GOLD LTD
		CENTRAL INDEX KEY:			0001434614
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35617
		FILM NUMBER:		20782186

	BUSINESS ADDRESS:	
		STREET 1:		1400-400 BURRARD STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 3A6
		BUSINESS PHONE:		604-689-0234

	MAIL ADDRESS:	
		STREET 1:		1400-400 BURRARD STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 3A6

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SANDSTORM RESOURCES LTD
		DATE OF NAME CHANGE:	20080507
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a52200818.htm
<DESCRIPTION>SANDSTORM GOLD LTD. 6-K
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Businesswire
         Document created using EDGARfilings PROfile 6.5.1.0
         Copyright 1995 - 2020 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  &#160;<br>
  <div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 16pt; font-weight: bold;">UNITED STATES</div>
    <font style="font-size: 16pt;"> </font>
    <div style="text-align: center; font-size: 16pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <font style="font-size: 16pt;"> </font>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
    <div style="text-align: center;">&#160;</div>
    <div style="text-align: center; font-weight: bold; font-size: 16pt;">FORM 6-K</div>
    <font style="font-size: 16pt;"> </font>
    <div style="text-align: center;">&#160;</div>
    <div style="text-align: center; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER<br>
      PURSUANT TO RULE 13A-16 OR 15D-16<br>
      OF THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div style="text-align: center;">&#160;</div>
    <div style="text-align: center; font-weight: bold;">For the month of April, 2020</div>
    <div style="text-align: center;">&#160;</div>
    <div style="text-align: center;">Commission File Number: <font style="font-weight: bold;">001-35617</font></div>
    <div style="text-align: center; font-weight: bold;">&#160;</div>
    <div style="text-align: center;">&#160;</div>
    <div style="text-align: center; font-weight: bold; font-size: 16pt;">Sandstorm Gold Ltd.</div>
    <font style="font-size: 16pt;"> </font>
    <div style="text-align: center;">(Translation of registrant&#8217;s name into English)</div>
    <div style="text-align: center;">&#160;</div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"> </div>
    <div>
      <div>&#160;</div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Suite 1400 - 400 Burrard Street<br>
      Vancouver, British Columbia<br>
      V6C 3A6 Canada</div>
    <div style="text-align: center;">&#160;(Address of principal executive offices)</div>
    <div style="text-align: center;">&#160;</div>
    <div><br>
    </div>
    <div>
      <div>
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"> </div>
      <div>&#160;</div>
    </div>
    &#160;
    <div>Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.&#160;</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z86b1c6a39aa24e319b65cf7223c84af8" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 37%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">Form 20-F&#160;&#160; &#9744;</div>
          </td>
          <td style="width: 63%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">Form 40-F&#160;&#160; &#9746;</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify;">&#160;<br>
      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):&#160;&#160; &#9744;</div>
    <div>&#160;</div>
    <div>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):&#160;&#160; &#9744;</div>
    <div>&#160;</div>
    <div>Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.&#160;</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z8c2cff2feaa04e96aaed260aacc7e761" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 37%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">Yes&#160;&#160; &#9744;</div>
          </td>
          <td style="width: 63%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">No&#160;&#160; &#9746;</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify;">If &#8220;Yes&#8221; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-&#160;</div>
    <div>&#160;</div>
    <div>
      <div></div>
      <div style="text-align: center; font-size: 8pt;">&#160;</div>
    </div>
    <div>
      <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"> </div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center; font-weight: bold;">EXHIBIT INDEX</div>
    <div style="text-align: center;">&#160;</div>
    <a href="a52200818ex99_1.htm"> </a><a href="a52200818ex99_1.htm"> </a>
    <table cellspacing="0" cellpadding="0" id="zd795831f326e4b119bb558c7f606184e" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 9.54%; vertical-align: middle;">&#160;</td>
          <td style="width: 1.16%; vertical-align: middle;">&#160;</td>
          <td style="width: 89.3%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9.54%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center; margin-right: 0.8pt;">Exhibit</div>
          </td>
          <td style="width: 1.16%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="margin-right: 0.8pt;">&#160;</div>
          </td>
          <td style="width: 89.3%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="margin-right: 0.8pt;">Description of Exhibit</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.54%; vertical-align: top;">
            <div style="text-align: center; margin-right: 0.8pt;">&#160;</div>
          </td>
          <td style="width: 1.16%; vertical-align: middle;">
            <div style="margin-right: 0.8pt;">&#160;</div>
          </td>
          <td style="width: 89.3%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.54%; vertical-align: top;">
            <div style="text-align: center; margin-right: 0.8pt;"><a href="a52200818ex99_1.htm">99.1</a></div>
          </td>
          <td style="width: 1.16%; vertical-align: middle;">
            <div style="margin-right: 0.8pt;">&#160;</div>
          </td>
          <td style="width: 89.3%; vertical-align: top;">
            <div style="margin-right: 0.8pt;"><a href="a52200818ex99_1.htm">Sandstorm Gold Royalties Provides Further Details For Shareholders Regarding Virtual
                AGM</a></div>
            <a href="a52200818ex99_1.htm"> </a></td>
        </tr>

    </table>
    <a href="a52200818ex99_1.htm"> </a>
    <div><br>
    </div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">SIGNATURE</div>
    <div>&#160;</div>
    <div>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.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="za4b71307f3ed46eb872dc249041b6811" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 49.93%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">&#160;</div>
          </td>
          <td style="width: 50.07%; vertical-align: top;" colspan="2">
            <div style="margin-right: 1.8pt; font-weight: bold;">SANDSTORM GOLD LTD.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49.93%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">&#160;</div>
          </td>
          <td style="width: 50.07%; vertical-align: top;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 49.93%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">&#160;</div>
          </td>
          <td style="width: 5.14%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">&#160;</div>
          </td>
          <td style="width: 44.94%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49.93%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">Date: April 8, 2020</div>
          </td>
          <td style="width: 5.14%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">By:&#160;&#160; &#160;</div>
          </td>
          <td style="width: 44.94%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="margin-right: 0.8pt;">/s/&#160;Erfan Kazemi</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49.93%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">&#160;</div>
          </td>
          <td style="width: 5.14%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">&#160;</div>
          </td>
          <td style="width: 44.94%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">Name: Erfan Kazemi</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49.93%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">&#160;</div>
          </td>
          <td style="width: 5.14%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">&#160;</div>
          </td>
          <td style="width: 44.94%; vertical-align: top;">
            <div style="margin-right: 0.8pt;">Title: Chief Financial Officer</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>&#160;</div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a52200818ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Businesswire
         Document created using EDGARfilings PROfile 6.5.1.0
         Copyright 1995 - 2020 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
  </div>
  <div><br>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" border="0" id="zcca5ec4e7df7446db885e6cccbd66e57" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

        <tr>
          <td style="width: 50.00%;"><img src="logo.jpg"></td>
          <td style="width: 50.00%;">
            <div style="text-align: right;">&#160;<img src="image.jpg"></div>
          </td>
        </tr>

    </table>
  </div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div>
    <div style="font-size: 8pt;"><font style="font-weight: bold;">APRIL 8, 2020</font><font style="font-size: 18pt; font-weight: bold;">&#160;</font><font style="font-size: 10pt;">|</font><font style="font-size: 18pt; font-weight: bold;">&#160;</font><font style="font-weight: bold;">VANCOUVER, BC</font></div>
    <div>&#160; <br>
    </div>
    <div> <br>
    </div>
    <div>
      <div>
        <div style="font-size: 18pt; font-weight: bold;">SANDSTORM GOLD ROYALTIES PROVIDES FURTHER DETAILS FOR SHAREHOLDERS REGARDING VIRTUAL AGM</div>
        <div>
          <div><br>
          </div>
          <div>&#160;</div>
          <div>
            <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
        </div>
        <div>Sandstorm Gold Ltd. (&#8220;Sandstorm Gold Royalties&#8221;, &#8220;Sandstorm&#8221; or the &#8220;Company&#8221;) (NYSE: SAND, TSX: SSL) will be holding its Annual General and Special Meeting of Shareholders (the &#8220;AGM&#8221;) on Wednesday April 15<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup>, 2020 at 10am PDT. The
          physical location of the AGM, as required by the British Columbia <font style="font-style: italic;">Business Corporations Act</font>, has been designated as Sandstorm&#8217;s head office (Suite 1400, 400 Burrard St, Vancouver, British Columbia, V6C
          3A6 Canada), however the AGM will be held on a virtual electronic basis.</div>
        <div>&#160;</div>
        <div>To attend Sandstorm&#8217;s AGM, use the following dial-in numbers and conference ID below:</div>
        <div>&#160;</div>
        <div>International: (+1) 201 389 0899</div>
        <div>North American Toll-Free: (+1) 877 407 0312</div>
        <div>Conference ID: 13701067</div>
        <div>&#160;</div>
        <div>Registered shareholders and duly appointed proxyholders can attend the AGM using the call-in details noted above and can participate, vote, or ask questions during the AGM&#8217;s live call. Non-registered shareholders may attend the AGM as guests
          but are not legally allowed to vote or ask questions during the formal business of the AGM.</div>
        <div>
          <div> <br>
          </div>
          <div>&#160;&#160;
            <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

                <tr>
                  <td style="width: 50.00%;">
                    <div><img src="image02.jpg"> <br>
                    </div>
                  </td>
                  <td style="width: 50.00%;">
                    <div style="text-align: right;">&#160;<img src="image2.jpg"></div>
                  </td>
                </tr>

            </table>
          </div>
        </div>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><font style="font-weight: bold;">CONTACT INFORMATION</font>
        <div>
          <div>&#160;</div>
          <div>For more information about Sandstorm Gold Royalties, please visit our
              website at <font style="font-weight: bold;">www.sandstormgold.com</font> or email us at <font style="font-weight: bold;">info@sandstormgold.com</font>.</div>
        </div>
        <br>
      </div>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z9c48cd613e5f4f4c9778bb3ffb03fb05" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 34.11%; vertical-align: top;">
            <div style="font-weight: bold;">NOLAN WATSON</div>
          </td>
          <td style="width: 13.64%; vertical-align: top;">&#160;</td>
          <td style="width: 52.25%; vertical-align: top;">
            <div style="font-weight: bold;">KIM BERGEN</div>
          </td>
        </tr>
        <tr>
          <td style="width: 34.11%; vertical-align: top;">
            <div style="font-size: 8pt; font-weight: bold;">PRESIDENT &amp; CEO</div>
          </td>
          <td style="width: 13.64%; vertical-align: top;">&#160;</td>
          <td style="width: 52.25%; vertical-align: top;">
            <div style="font-size: 8pt; font-weight: bold;">INVESTOR RELATIONS</div>
          </td>
        </tr>
        <tr>
          <td style="width: 34.11%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 13.64%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 52.25%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 34.11%; vertical-align: top;">
            <div style="font-weight: bold;">604 689 0234</div>
          </td>
          <td style="width: 13.64%; vertical-align: top;">&#160;</td>
          <td style="width: 52.25%; vertical-align: top;">
            <div style="font-weight: bold;">604 628 1164</div>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
    <div> <br>
    </div>
    <div>&#160;&#160;
      <table cellspacing="0" cellpadding="0" border="0" id="z9000312d182f4271ab023be1d96bc3ad" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

          <tr>
            <td style="width: 50.00%;">
              <div><img src="image02.jpg"> <br>
              </div>
            </td>
            <td style="width: 50.00%;">
              <div style="text-align: right;">&#160;<img src="image2.jpg"></div>
            </td>
          </tr>

      </table>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div>ABOUT SANDSTORM GOLD ROYALTIES</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-size: 8pt;">Sandstorm is a gold royalty company that provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a
      mine, for the life of the mine. Sandstorm has acquired a portfolio of 191 royalties, of which 23 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold
      royalties. For more information visit: www.sandstormgold.com.</div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div>CAUTIONARY STATEMENTS TO U.S. SECURITYHOLDERS</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-size: 8pt;">The financial information included or incorporated by reference in this press release or the documents referenced herein has been prepared in accordance with International Financial Reporting Standards
      as issued by the International Accounting Standards Board, which differs from US generally accepted accounting principles (&#8220;US GAAP&#8221;) in certain material respects, and thus are not directly comparable to financial statements prepared in accordance
      with US GAAP.</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-size: 8pt;">Information contained or referenced in this press release or in the documents referenced herein concerning the properties, technical information and operations of Sandstorm has been prepared in
      accordance with requirements and standards under securities laws, which differ from the requirements of US securities laws. The terms &#8220;mineral resource&#8221;, &#8220;measured mineral resource&#8221;, &#8220;indicated mineral resource&#8221; and &#8220;inferred mineral resource&#8221; used
      in this or in the documents incorporated by reference herein are mining terms as defined in accordance with NI 43-101 under guidelines set out in the Definition Standards for Mineral Resources and Mineral Reserves adopted by the Canadian Institute of
      Mining, Metallurgy and Petroleum Council on 11 December 2005. While the terms &#8220;mineral resource&#8221;, &#8220;measured mineral resource&#8221;, &#8220;indicated mineral resource&#8221; and &#8220;inferred mineral resource&#8221; are recognized and required by securities laws other than the
      requirements of US securities laws, they are not recognized by the SEC. Disclosure of contained ounces are or may be permitted disclosure under regulations applicable to Sandstorm; however, the SEC normally only permits issuers to report resources as
      in place tonnage and grade without reference to unit of production measures. As such, certain information contained in this document or in the documents incorporated by reference herein concerning descriptions of mineralization and mineral resources
      under these standards may not be comparable to similar information made public by US companies subject to reporting and disclosure requirements of the SEC.</div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div>CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-size: 8pt;">This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of
      1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Sandstorm. Forward-looking statements include, but are not limited to, the future price of gold, the estimation of
      mineral reserves and resources, realization of mineral reserve estimates, and the timing and amount of estimated future production. Forward-looking statements can generally be identified by the use of forward-looking terminology such as &#8220;may&#8221;,
      &#8220;will&#8221;, &#8220;expect&#8221;, &#8220;intend&#8221;, &#8220;estimate&#8221;, &#8220;anticipate&#8221;, &#8220;believe&#8221;, &#8220;continue&#8221;, &#8220;plans&#8221;, or similar terminology.</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-size: 8pt;">Forward-looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of Sandstorm to be materially
      different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which
      Sandstorm will operate in the future, including the price of gold and anticipated costs. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements
      include, amongst others, changes in business plans and strategies, market conditions, share price, best use of available cash, gold and other commodity price volatility, discrepancies between actual and estimated production, mineral reserves and
      resources and metallurgical recoveries, mining operational and development risks relating to the parties which produce the gold Sandstorm will purchase, regulatory restrictions, activities by governmental authorities (including changes in taxation),
      currency fluctuations, the global economic climate, dilution, share price volatility and competition.</div>
    <div>
      <div> <br>
      </div>
      <div>&#160;&#160;
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

            <tr>
              <td style="width: 50.00%;">
                <div><img src="image02.jpg"> <br>
                </div>
              </td>
              <td style="width: 50.00%;">
                <div style="text-align: right;">&#160;<img src="image2.jpg"></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: justify; font-size: 8pt;">Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of
      Sandstorm to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact of general business and economic conditions, the absence of control over mining operations from which
      Sandstorm will purchase gold, other commodities or receive royalties from, and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current
      exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined, risks in the marketability of minerals, fluctuations in the price of gold and other commodities, fluctuation in foreign
      exchange rates and interest rates, stock market volatility, as well as those factors discussed in the section entitled &#8220;Risks to Sandstorm&#8221; in Sandstorm&#8217;s annual report for the financial year ended December 31, 2019 and the section entitled &#8220;Risk
      Factors&#8221; contained in the Company&#8217;s annual information form dated March 30, 2020 available at www.sedar.com. Although Sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in
      forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ
      materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Sandstorm does not undertake to update any forward-looking statements that are contained or incorporated by
      reference, except in accordance with applicable securities laws.</div>
    <div style="text-align: justify; font-size: 8pt;"> <br>
    </div>
    <div style="text-align: justify; font-size: 8pt;"> &#160; </div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" id="z31ec4309c58f4e38ad989e623e301a76" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

          <tr>
            <td style="width: 50.00%;"><img src="image02.jpg"></td>
            <td style="width: 50.00%;">
              <div style="text-align: right;">&#160;<img src="image2.jpg"></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>image02.jpg
<TEXT>
begin 644 image02.jpg
M_]C_X  02D9)1@ ! 0$ R #(  #_X0 B17AI9@  34T *@    @  0$2  ,
M   !  $       #_X@Q824-#7U!23T9)3$4  0$   Q(3&EN;P(0  !M;G1R
M4D="(%A96B 'S@ "  D !@ Q  !A8W-P35-&5     !)14,@<U)'0@
M            ]M8  0    #3+4A0("
M                                 !%C<')T   !4    #-D97-C   !
MA    &QW='!T   !\    !1B:W!T   "!    !1R6%E:   "&    !1G6%E:
M   "+    !1B6%E:   "0    !1D;6YD   "5    '!D;61D   "Q    (AV
M=65D   #3    (9V:65W   #U    "1L=6UI   #^    !1M96%S   $#
M "1T96-H   $,     QR5%)#   $/   " QG5%)#   $/   " QB5%)#   $
M/   " QT97AT     $-O<'ER:6=H=" H8RD@,3DY."!(97=L971T+5!A8VMA
M<F0@0V]M<&%N>0  9&5S8P         2<U)'0B!)14,V,3DV-BTR+C$
M         !)S4D="($E%0S8Q.38V+3(N,0
M                                        6%E:(        /-1  $
M   !%LQ865H@                     %A96B        !OH@  ./4   .0
M6%E:(        &*9  "WA0  &-I865H@        )*    ^$  "VSV1E<V,
M        %DE%0R!H='1P.B\O=W=W+FEE8RYC:               %DE%0R!H
M='1P.B\O=W=W+FEE8RYC:
M                      !D97-C         "Y)14,@-C$Y-C8M,BXQ($1E
M9F%U;'0@4D="(&-O;&]U<B!S<&%C92 M('-21T(              "Y)14,@
M-C$Y-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U<B!S<&%C92 M('-21T(
M                        9&5S8P         L4F5F97)E;F-E(%9I97=I
M;F<@0V]N9&ET:6]N(&EN($E%0S8Q.38V+3(N,0              +%)E9F5R
M96YC92!6:65W:6YG($-O;F1I=&EO;B!I;B!)14,V,3DV-BTR+C$
M                         '9I97<      !.D_@ 47RX $,\4  /MS  $
M$PL  UR>     5A96B       $P)5@!0    5Q_G;65A<P         !
M                     H\    "<VEG(     !#4E0@8W5R=@        0
M    !0 *  \ %  9 !X (P H "T ,@ W #L 0 !% $H 3P!4 %D 7@!C &@
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M)UUX7<E>&EYL7KU?#U]A7[-@!6!78*I@_&%/8:)A]6))8IQB\&-#8Y=CZV1
M9)1DZ64]99)EYV8]9I)FZ&<]9Y-GZ6@_:)9H[&E#:9II\6I(:I]J]VM/:Z=K
M_VQ7;*]M"&U@;;EN$FYK;L1O'F]X;]%P*W"&<.!Q.G&5<?!R2W*F<P%S77.X
M=!1T<'3,=2AUA77A=CYVFW;X=U9WLW@1>&YXS'DJ>8EYYWI&>J5[!'MC>\)\
M(7R!?.%]07VA?@%^8G["?R-_A'_E@$> J($*@6N!S8(P@I*"](-7@[J$'82
MA..%1X6KA@Z&<H;7ASN'GX@$B&F(SHDSB9F)_HIDBLJ+,(N6B_R,8XS*C3&-
MF(W_CF:.SH\VCYZ0!I!ND-:1/Y&HDA&2>I+CDTV3MI0@E(J4])5?E<F6-):?
MEPJ7=9?@F$R8N)DDF9"9_)IHFM6;0INOG!R<B9SWG62=TIY GJZ?'9^+G_J@
M::#8H4>AMJ(FHI:C!J-VH^:D5J3'I3BEJ:8:IHNF_:=NI^"H4JC$J3>IJ:H<
MJH^K JMUJ^FL7*S0K42MN*XMKJ&O%J^+L "P=;#JL6"QUK)+LL*S.+.NM"6T
MG+43M8JV ;9YMO"W:+?@N%FXT;E*N<*Z.[JUNRZ[I[PAO)N]%;V/O@J^A+[_
MOWJ_]<!PP.S!9\'CPE_"V\-8P]3$4<3.Q4O%R,9&QL/'0<>_R#W(O,DZR;G*
M.,JWRS;+MLPUS+7--<VUSC;.ML\WS[C0.="ZT3S1OM(_TL'31-/&U$G4R]5.
MU='65=;8UUS7X-ADV.C9;-GQVG;:^]N W 7<BMT0W9;>'-ZBWRG?K^ VX+WA
M1.',XE/BV^-CX^OD<^3\Y83F#>:6YQ_GJ>@RZ+SI1NG0ZEOJY>MPZ_OLANT1
M[9SN*.ZT[T#OS/!8\.7Q<O'_\HSS&?.G]#3TPO50]=[V;?;[]XKX&?BH^3CY
MQ_I7^N?[=_P'_)C]*?VZ_DO^W/]M____VP!#  (! 0(! 0(" @(" @(" P4#
M P,# P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,
M# S_VP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# P,# S_P  1"  N +0# 2(  A$! Q$!
M_\0 'P   04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($
M P4%! 0   %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R
M@@D*%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ
M<W1U=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#
MQ,7&Q\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$  P$!
M 0$! 0$! 0        $" P0%!@<("0H+_\0 M1$  @$"! 0#! <%! 0  0)W
M  $" Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8
M&1HF)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ
M@H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*
MTM/4U=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#]^C*N
MS((/7H?2OF+XB_\ !93]E_X7>-I/#^L?&CPB-6@E,,T=B\VH102*<,KRV\;Q
MHPP<AF&,'-='_P %+O GCKXH?L$?%3P_\-)KB/QGJFA2Q6"V[>7-=+N4SP1-
MD$22P"6)3D8:0'(ZU^1/[#/[:G[+/[*W[.-K\,?CI^SOXFA\6/<2V7B+6;OP
MW:W<<^9"5=WGFCN("JD*8XD;!0E6;DT ?N-\'OC7X/\ CWX/M_$7@GQ1H/BW
M0[O(BO\ 2;Z.\MV(ZKN0D!AW4\BF_&_XV>$?V>OAW>>+/''B+2_"OAK37C2Z
MU+49A%;PM(ZQHI8_Q,[*H]2<=Z^9O^"0OA[]F#1_AAXJU#]F?5EU;2]:U5;C
M6_-DNOMMK*0?*BDAN%66.,*6"$I@KD[F S7S)_P74U[7?V\?VN?A+^R+X%NX
MX[RXD?Q-X@FD ,%I(()/(\W^,".W\^0J 0_VB+NO !^J7AC7[+Q1H%GJ6FW5
MO?:?J$*7-K<0N'CGB=0RNK#J""#FJ\'CK1;SQG?>'8M6T^37]/LX=0NM-%PO
MVN"VE:1(IVCSN$3M%*JOC:6B< Y4@?!__!O/^TY>?$C]D?5OA3XD;R_&WP+U
M)O#UW;N?F%B6D^R,>^!Y<T()Y/V?/\0S\U_\%CO%GQ6\%?\ !<+P%JGP36>Z
M\?6?PSM)8+*%QMU6WAO]6EEM)(R?WBNJL=G5BHVX95- 'ZS_ !J^/G@W]FWX
M?W'BKQYXBTWPKX<MY8[>74-1E$<"NYVHN>>6)P/4U%X@_:"\&^#_ ()K\2-2
M\3Z38^ 6T^'5AKDTVVS^R3;3%-N_N.)$QQ_$*_+#_@H]_P %*?!O_!1+_@BY
MXGOM,AD\/^-/#^M:1!XF\*W.%NM(G-SM) ;'F0,0=K#TVL%<%1[U^U\VS_@V
MQMSC.WX4>'#@]_W5A0![M'_P6+_9>FD"#XY?#\$YY;4-H '4DD8 '<G@5[O\
M-/BGX9^+WA&UU[PGXBT3Q/H-X,V^HZ7?17EK-V^62,E3SQ@'@\5^<_\ P23_
M ."6?[/OQ_\ ^"<GPR\7>,?A?X=U[Q-K-C<2W^HW+S+)=.E[<1J[;7 !VHHZ
M=!T[5X#\79K+_@W1_P""D&@ZKX5O==U#X*_$S2+B\U/PUY_FW$<D:-&NTOA=
MR3F%A(<R>69D);Y10!^Q7QF^.O@W]GSP/-XE\<>*=!\)Z#;L(WO]4O4MH=Y^
MZ@+$;G;LHR3V%>(_"W_@L'^S-\:O&</A_P /_&3PB^K7$P@MX+MIM.%U(3M$
M<3W"1I(Q8@!58DDX&:^)?^#A;X=>)K']J_X)_$3Q!X$\0?$3X'^$T UK3+#<
M\?FBZ5Y8Y O^K,J"(!V(5@A7/%<KXH_;#_X)Q?MN06?AGQQ\.]<^#UQILL0M
M;RX\/+I9N521,Q--ITDP\MAD,]P$&W<=RGF@#]3OVB/VQ?A;^R;!I,GQ(\=>
M'_!L>O-*-.;4KGROMAC"F0)C[VT2(3Z;ESU%>;K_ ,%B_P!E\#CXX> ^,]+T
MGIU_A[5UWQ6_8G^#/[7/@/P;;^+/!V@^-/#GABU'_"-[[B26&U@DCC7,4B.-
MZLD40R2<@"OS!_X)U?\ !/GX,_%__@JW^U)X"\2?#_1=6\'^!KK;H.E2-*(=
M+'VHKA-K@_=4=2: /V'^''Q*T#XN^!=+\4>&=6L=<\/:Y;K=V%_:2>9;W4!Z
M2*W0@^M>'?$#_@KI^S/\-/&LWA_6/C1X)AU:WE,$\5M=-=QVT@.&226%7C1@
M>"&8$=\5\F_\%YOB%=?LL?LH?"7X _"I8O!NE_$C47\.1FVE9([+3(!"C6JL
M#YBJSW,(/7*1L#RPSW7P'_X-_/@'X2^"]GI/B#0F\0:Q<6:BYU":8[BV-QVX
MP ,D].J@<URUL3RR]E%<TK7^2-H4N:/-+8^Z/AQ\2O#OQ>\(6'B+PIKVC^)O
M#^J1^=9ZCIEW'=VMRG3*21DJ>>#SP>*\W^./_!0[X'_LR^//^$7\>?$[PGX3
MUX6T=W_9]]=>7,(I,A'VX^ZVUL'O@^E?FW^Q/X;U?_@E-_P6@A^!>DZQ=:M\
M.?BQ:O>0V,K?\>5QY4SK*1G!DW6S_,/F,4L:$DH33OV^/!?PT\?_ /!Q)X?T
MSXNQ^'YO =QX$M_MJZS<_9;/<J7K1[I-RX._&.>M:8>O&K34XF52GR.Q^CGP
MA_X*1? 3X_\ C&V\.^#_ (O> M<UZ^8I:Z?#JT:W5VP&2L4;$-(P&3A 2 #7
MIWC?XC:!X NM#M]<U;3M)D\3:FFC:6+J<1?;[QXI)$MTR1ND9(9<+U)7@9K\
M4_\ @M5\&?V0?A-^SUX?U3X%7?@_3_B=_;UN-/C\)ZPUU<3Q*'+-)LE8IM<1
ME''S;P H^\R^]?\ !?G4_$[?\$@?@[?>)FO-.\9+XC\/7&JR,WE75OJ TJ\:
M5LH/EE6;<<J/E89&<8K81^J44BA=I9=R]>>E8$7Q$T.X^(=QX5CU;3Y/$MG9
M)J4^F),&N8+5W,:3.@/RJS*P4G&XJV,X-?E!X$_X+E?%3X!?!!OA7\2/AUKG
MB;]HOR[&W\&O;HLEGXHAO(RT%Y.R')"KLW>4K&5G52(SYK17/^" 4OQ F_X*
M(_M-I\5-0?4OB%#9Z=%KC_:/."W"SSDQJ1A0L88( I(&"%('W@#]=J*** /-
M_P!J;QCXX\ _ 'Q3J_PS\,Z?XP\<V-D\FE:5?71@ANI1QR1@N5'(B#(9"-H=
M"VX?FWHW_!=_4+3P>WA[XY_LL^.=6^(>F1M87*:?HL=Q8:E,G#-MF3?"K$9*
MIYP&>"1@#]9FM-P^9MW7KT/L?4?6B2PCF9690SH=P8C<0?;.<?A0!^67_!#S
M]G/Q?\"]<^.7[0GC/P3)\+_"?C:V^VZ/X2ACDWV]K$\UT7$)'F?*K*B J"S-
M(51%8)7A7[''[!'[1O\ P4,^*WQ$_:0T;XCZM\!M<\3:W=6%JMUIMU'J,MBW
MDR[ =T96%=L<6,#<T1;("@/^X4MH)OO,>W3_ #_GVHVFU'RY;<<D%CQ]/2@#
M\8/@O\ /B[_P2"_X*S>"]8\9:]K'Q1T'XU6T]GXE\26.DSF,R2SJI:Y.)-LD
M4IMYM_&Y6<# +FO>/VEO!.KWO_!R3\%M:AT?6)-%M?A['#)J*64KV<4@GU?Y
M&E"[ 1YBX4D8W \YQ7Z2,XFFW;CC&,#H>>_Y?J:0'/ XYZ8'/>A:Z!>^Q^87
M_!;'_@B-!^T1IVM?%;X/V$=C\0U1I=<T*VQ%;^*HP Q=5' O!M4Y^[(."-X#
M5Z-^UCX5U;4?^#=6#1;?2]2FUE?A=X>MC81VKR70E2.Q#IY0&[<I5@5QGY37
MWN4 &3\H'IS_ )^O6G=7'\/N,9H\P/Q=_8,_X+0^(/V,OV/?!7PRN/V;?BUX
MAOO"-K/ ]]'!+!#<E[F:8$ V[,H"R*.AYSZ GT;]E[]D#XM?\%4OVU=/^/W[
M1W@JW\'_  Z\.V,MKX8\%WR%VNXY(W5-Z2 .55I#,9'6-FD6+";5K]8)#\AP
MQZ5#YG]YEZ<Y/RGU^O\ GI0!\6_\%-_VW_CQ^Q9\2/#.N>#?@]'\1/A((7'B
M*6SEDFU%Y695V!44FW"#D,4D63<0=N*^&?V]?VWK;_@JG\)8OA3\*?V5O'%O
MXV\07ENZ>(-3T>&UDT8P2I-*T;Q*P8LB-&6E>,*DC-@G"G]NU;H!NVX(ZU$@
M6+_5QB/<W(  W<?F:3E8+GF_[#_P3U']F_\ 9$^'?@/5[I;[5/"NAV^GW<RM
MN5Y47YL'N <@'N!7P_\ \$MO!VM:!_P6>_;&U.^T76+'3=0NE:TN[BREAM[P
M?:WYBD90K]/X2>M?I9%/M7'IR<FE+[U[-SZ\+1= ?&'_  6V_P"">NK?MZ?L
MU:7+X.E6W^(7P]U!M9T'<VTW65VS6P8_=9\1NI[O"@R!S7R[^SC_ ,%G/BW\
M$?V?/$WA;XG_  C\83_$3P1#]F@/]FW"M?-O*!CA"'((&=G .<$K@+^M@7S,
M<[E4XQG'YTKVL;.LC-YC+R&;!/J,?_6YKEQ&%]JE9\LEU6]GNC2G4Y=]4?E%
M_P $F_V,OBY^TE^VA/\ M4?'33KSP_);VTD7A;2;Z(PSL)$(241M\\<*)+(0
M6 +NY. .*I?MM?L;Z3^V!_P<#>'-!\<>%?$&K> -2\$VPN[F)+JWMQ+%'=R(
MGVF+:%</M)&[/(%?K7N)PW/?N>:59<C/&P\Y'0Y[UTQ@J<5"&B1,I.3NS\5O
MVD?V%+3_ ((Q_P#!0GX=_%KP#\.;_P <_!_4Y!:WNEI9RZS>>&W"@2RPLRR2
M>:B@3Q,>6*R1Y&[-?1?_  <>Z9?_ !C_ .";O@NX\*Z;JOB!;[QGI=_$EC8S
M33- ]C?$2-$%,BCYUSN&5SSS7Z/C<_.YEYZ<=*?'!T+$,P.0=O3M_+(JB>MC
MRCX)_!;0?$'@/X5^*]6\,Z3-XL\+^&+6VTR^N[0?;M,66TB6:-7(W)NQM(Y_
MF#\5_P#!*;P;K7A__@L)^V-J6H:+K%CI^H7L+6EU<V4L,%V/M,O,;LH5^.?E
M)XK],%7:/\34;VRNO?KGKT[<>G?I0!)1110 4444 %>5_M.^-]2\&CPLL.IM
MX=T74M0D@U365:)?L:BWD>*,M(K+$LLBJIE*D)@9^\*]4ILL*3H5D574C!##
M((K'$4Y5*;C%V?\ P2HRL[GB_A7XH:SJ'[,>L:YI]Q>:KJVFI=Q6]RS1Z@UR
M8Y"HE4P(J2K@97:O('/>H?@MX_.N_$U=/T?QG<>/-#;1VO-0NYHX6&EW.]!$
MHEB155I%\TF%@73R\D\XKVPVL955V+A<;1_=QTQZ4B644?W45?F+G'<GJ?QK
MEA@IJ4).6L5KY_CUZ[E<ZLU8\R^#GQBL=?\ $&OZ%?\ B#3[CQ!;:_J4-O8/
M<QK=I;1S$)B/(;:%Z'!XQS7!^(OBUJ%A\7=>L['QI<'6K/Q39Z?8^&!%#.MS
M9-;VC2MY:)YRJ!+._FE@HV#/0Y^BA9QB0MM&YNI]>,4+:QH6*K@MUQWHJ82K
M*"CS[-]'_F5SQ[#6;/R_Q8!P.U?->B?%?QA=?'>2R_M;48--F\37VFQ2WQMS
MI3I# 6%NJJ@F\[<0068*0K8R17TP8E9<%01[TV2SCE!WH'#=0W(/X5>*PLJK
M@U-KE=_7R9-.HHWNKGCOQR^(4FA?$;2].U7QA-X%\+W&G2SC4T$,8N[H2 "$
MSS(T:87!"\,Y; S1IGB'Q?XN_9QM=:ANY+3Q)8EM1A9[?R5U2&&1B$FC9=R+
M-#@$  JS C@8/L9MXRNW:NWCC'''2A[=)#\RYS[_ .?6L_J,^>4N??[UMYVT
M:TT#VBTT/((?B/KG@K]G:7Q7JEQ)JFM:V@N=/LX0H5)KDJEK:1# +8WJ,MG)
MR3BG? #XB:[K'@C6](\127[>)O#.Y9Y+JWC@GN(9$:2"<HA*KN 9<#O&:]<-
MG&45?+7:A!4=EQTQ]*/LT>W;Y:X'.,57U2?M%-2T2M;OYLKVBLU8\P_9[^+&
MG?%7X5:7;P^)+/4O$7]EQ-J'V:[BDO+:1EP6=.=K _WAZ<4S]FV'5KJWU^XU
M;Q%KNL-9ZWJ&E0I?F$*D5O<LD;@)&F7*8);.#Z"O4OLD>\ML7<W!..O^<4L=
MND0.U57<23@8R3U-:QH2;A*;UCZ]O4GGW/!)_B;KR_L61^(I=5N+766E7S;U
MRD4D:?VAL8EG4JH$61DJ0!@UN^#O'4L_[/?B+5K'Q597E]9PW/E:I+J,&KPV
MLBQ_*6>WC0%0<$J$)&3UKUW[+'Y7E^6GE_W=OR^O2E6!4^ZNWG/%<\<#)./O
M[1M\^X>T5K-=3RK]ECX@3^-]&UJ"XU2ZUB;2[M(C=->6U];R;D#?N9X(XU<<
M\AEW*>#7JR'(IMM9Q6<>V*-8U)R0!U/<_4^O>I%7;75A:,J5)0D[V)E)-W04
+445T$A1110!__]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>image2.jpg
<TEXT>
begin 644 image2.jpg
M_]C_X  02D9)1@ ! 0$ R #(  #_X0 B17AI9@  34T *@    @  0$2  ,
M   !  $       #_X@Q824-#7U!23T9)3$4  0$   Q(3&EN;P(0  !M;G1R
M4D="(%A96B 'S@ "  D !@ Q  !A8W-P35-&5     !)14,@<U)'0@
M            ]M8  0    #3+4A0("
M                                 !%C<')T   !4    #-D97-C   !
MA    &QW='!T   !\    !1B:W!T   "!    !1R6%E:   "&    !1G6%E:
M   "+    !1B6%E:   "0    !1D;6YD   "5    '!D;61D   "Q    (AV
M=65D   #3    (9V:65W   #U    "1L=6UI   #^    !1M96%S   $#
M "1T96-H   $,     QR5%)#   $/   " QG5%)#   $/   " QB5%)#   $
M/   " QT97AT     $-O<'ER:6=H=" H8RD@,3DY."!(97=L971T+5!A8VMA
M<F0@0V]M<&%N>0  9&5S8P         2<U)'0B!)14,V,3DV-BTR+C$
M         !)S4D="($E%0S8Q.38V+3(N,0
M                                        6%E:(        /-1  $
M   !%LQ865H@                     %A96B        !OH@  ./4   .0
M6%E:(        &*9  "WA0  &-I865H@        )*    ^$  "VSV1E<V,
M        %DE%0R!H='1P.B\O=W=W+FEE8RYC:               %DE%0R!H
M='1P.B\O=W=W+FEE8RYC:
M                      !D97-C         "Y)14,@-C$Y-C8M,BXQ($1E
M9F%U;'0@4D="(&-O;&]U<B!S<&%C92 M('-21T(              "Y)14,@
M-C$Y-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U<B!S<&%C92 M('-21T(
M                        9&5S8P         L4F5F97)E;F-E(%9I97=I
M;F<@0V]N9&ET:6]N(&EN($E%0S8Q.38V+3(N,0              +%)E9F5R
M96YC92!6:65W:6YG($-O;F1I=&EO;B!I;B!)14,V,3DV-BTR+C$
M                         '9I97<      !.D_@ 47RX $,\4  /MS  $
M$PL  UR>     5A96B       $P)5@!0    5Q_G;65A<P         !
M                     H\    "<VEG(     !#4E0@8W5R=@        0
M    !0 *  \ %  9 !X (P H "T ,@ W #L 0 !% $H 3P!4 %D 7@!C &@
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M)UUX7<E>&EYL7KU?#U]A7[-@!6!78*I@_&%/8:)A]6))8IQB\&-#8Y=CZV1
M9)1DZ64]99)EYV8]9I)FZ&<]9Y-GZ6@_:)9H[&E#:9II\6I(:I]J]VM/:Z=K
M_VQ7;*]M"&U@;;EN$FYK;L1O'F]X;]%P*W"&<.!Q.G&5<?!R2W*F<P%S77.X
M=!1T<'3,=2AUA77A=CYVFW;X=U9WLW@1>&YXS'DJ>8EYYWI&>J5[!'MC>\)\
M(7R!?.%]07VA?@%^8G["?R-_A'_E@$> J($*@6N!S8(P@I*"](-7@[J$'82
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"_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>image.jpg
<TEXT>
begin 644 image.jpg
M_]C_X  02D9)1@ ! 0$ R #(  #_X0 B17AI9@  34T *@    @  0$2  ,
M   !  $       #_X@Q824-#7U!23T9)3$4  0$   Q(3&EN;P(0  !M;G1R
M4D="(%A96B 'S@ "  D !@ Q  !A8W-P35-&5     !)14,@<U)'0@
M            ]M8  0    #3+4A0("
M                                 !%C<')T   !4    #-D97-C   !
MA    &QW='!T   !\    !1B:W!T   "!    !1R6%E:   "&    !1G6%E:
M   "+    !1B6%E:   "0    !1D;6YD   "5    '!D;61D   "Q    (AV
M=65D   #3    (9V:65W   #U    "1L=6UI   #^    !1M96%S   $#
M "1T96-H   $,     QR5%)#   $/   " QG5%)#   $/   " QB5%)#   $
M/   " QT97AT     $-O<'ER:6=H=" H8RD@,3DY."!(97=L971T+5!A8VMA
M<F0@0V]M<&%N>0  9&5S8P         2<U)'0B!)14,V,3DV-BTR+C$
M         !)S4D="($E%0S8Q.38V+3(N,0
M                                        6%E:(        /-1  $
M   !%LQ865H@                     %A96B        !OH@  ./4   .0
M6%E:(        &*9  "WA0  &-I865H@        )*    ^$  "VSV1E<V,
M        %DE%0R!H='1P.B\O=W=W+FEE8RYC:               %DE%0R!H
M='1P.B\O=W=W+FEE8RYC:
M                      !D97-C         "Y)14,@-C$Y-C8M,BXQ($1E
M9F%U;'0@4D="(&-O;&]U<B!S<&%C92 M('-21T(              "Y)14,@
M-C$Y-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U<B!S<&%C92 M('-21T(
M                        9&5S8P         L4F5F97)E;F-E(%9I97=I
M;F<@0V]N9&ET:6]N(&EN($E%0S8Q.38V+3(N,0              +%)E9F5R
M96YC92!6:65W:6YG($-O;F1I=&EO;B!I;B!)14,V,3DV-BTR+C$
M                         '9I97<      !.D_@ 47RX $,\4  /MS  $
M$PL  UR>     5A96B       $P)5@!0    5Q_G;65A<P         !
M                     H\    "<VEG(     !#4E0@8W5R=@        0
M    !0 *  \ %  9 !X (P H "T ,@ W #L 0 !% $H 3P!4 %D 7@!C &@
M;0!R '< ? "! (8 BP"0 )4 F@"? *0 J0"N +( MP"\ ,$ Q@#+ -  U0#;
M .  Y0#K /  ]@#[ 0$!!P$- 1,!&0$? 24!*P$R 3@!/@%% 4P!4@%9 6 !
M9P%N 74!? &# 8L!D@&: :$!J0&Q ;D!P0') =$!V0'A >D!\@'Z @,"# (4
M AT")@(O C@"00)+ E0"70)G G$">@*$ HX"F *B JP"M@+! LL"U0+@ NL"
M]0,  PL#%@,A RT#. -# T\#6@-F W(#?@.* Y8#H@.N [H#QP/3 ^ #[ /Y
M! 8$$P0@!"T$.P1(!%4$8P1Q!'X$C 2:!*@$M@3$!-,$X03P!/X%#04<!2L%
M.@5)!5@%9P5W!88%E@6F!;4%Q075!>4%]@8&!A8&)P8W!D@&609J!GL&C :=
M!J\&P ;1!N,&]0<'!QD'*P<]!T\'80=T!X8'F0>L![\'T@?E!_@("P@?"#((
M1@A:"&X(@@B6"*H(O@C2".<(^PD0"24).@E/"60)>0F/":0)N@G/">4)^PH1
M"B<*/0I4"FH*@0J8"JX*Q0K<"O,+"PLB"SD+40MI"X +F NP"\@+X0OY#!(,
M*@Q##%P,=0R.#*<,P S9#/,-#0TF#4 -6@UT#8X-J0W##=X-^ X3#BX.20YD
M#G\.FPZV#M(.[@\)#R4/00]>#WH/E@^S#\\/[! )$"800Q!A$'X0FQ"Y$-<0
M]1$3$3$13Q%M$8P1JA')$>@2!Q(F$D429!*$$J,2PQ+C$P,3(Q-#$V,3@Q.D
M$\43Y10&%"<4211J%(L4K13.%/ 5$A4T%585>!6;%;T5X!8#%B86219L%H\6
MLA;6%OH7'1=!%V47B1>N%](7]Q@;&$ 891B*&*\8U1CZ&2 911EK&9$9MQG=
M&@0:*AI1&G<:GAK%&NP;%!L[&V,;BANR&]H< APJ'%(<>QRC',P<]1T>'4<=
M<!V9'<,=[!X6'D >:AZ4'KX>Z1\3'SX?:1^4'[\?ZB 5($$@;""8(,0@\"$<
M(4@A=2&A(<XA^R(G(E4B@B*O(MTC"B,X(V8CE"/"(_ D'R1-)'PDJR3:)0DE
M."5H)9<EQR7W)B<F5R:')K<FZ"<8)TDG>B>K)]PH#2@_*'$HHBC4*08I."EK
M*9TIT"H"*C4J:"J;*L\K BLV*VDKG2O1+ 4L.2QN+*(LURT,+4$M=BVK+>$N
M%BY,+H(NMR[N+R0O6B^1+\<O_C U,&PPI##;,1(Q2C&",;HQ\C(J,F,RFS+4
M,PTS1C-_,[@S\30K-&4TGC38-1,U336'-<(U_38W-G(VKC;I-R0W8#><-]<X
M%#A0.(PXR#D%.4(Y?SF\.?DZ-CIT.K(Z[SLM.VL[JCOH/"<\93RD/.,](CUA
M/:$]X#X@/F ^H#[@/R$_83^B/^) (T!D0*9 YT$I06I!K$'N0C!"<D*U0O=#
M.D-]0\!$ T1'1(I$SD42155%FD7>1B)&9T:K1O!'-4=[1\!(!4A+2)%(UTD=
M26-)J4GP2C=*?4K$2PQ+4TN:2^),*DQR3+I- DU*39--W$XE3FY.MT\ 3TE/
MDT_=4"=0<5"[40914%&;4>92,5)\4L=3$U-?4ZI3]E1"5(]4VU4H5755PE8/
M5EQ6J5;W5T17DE?@6"]8?5C+61I9:5FX6@=:5EJF6O5;15N56^5<-5R&7-9=
M)UUX7<E>&EYL7KU?#U]A7[-@!6!78*I@_&%/8:)A]6))8IQB\&-#8Y=CZV1
M9)1DZ64]99)EYV8]9I)FZ&<]9Y-GZ6@_:)9H[&E#:9II\6I(:I]J]VM/:Z=K
M_VQ7;*]M"&U@;;EN$FYK;L1O'F]X;]%P*W"&<.!Q.G&5<?!R2W*F<P%S77.X
M=!1T<'3,=2AUA77A=CYVFW;X=U9WLW@1>&YXS'DJ>8EYYWI&>J5[!'MC>\)\
M(7R!?.%]07VA?@%^8G["?R-_A'_E@$> J($*@6N!S8(P@I*"](-7@[J$'82
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#(__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>logo.jpg
<TEXT>
begin 644 logo.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_X0 Z17AI9@  34T *@    @  U$0  $
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I%_#GX<+X;5=4U14DU5U^5 0RVX(Y /=L$@D<=AD<GT4# P*6BK$?_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
