THIRD SUPPLEMENTAL WARRANT INDENTUREThird Supplemental Warrant • February 24th, 2014 • Sandstorm Gold LTD • Gold and silver ores
This Warrant Certificate represents Warrants issued under the provisions of the Warrant Indenture (which indenture together with all other instruments supplemental or ancillary thereto is herein referred to as the “Warrant Indenture”) dated as of April 23, 2009 between the Company and the Warrant Agent, as supplemented by the First Supplemental Warrant Indenture dated October 14, 2009, the Second Supplemental Warrant Indenture dated May 9, 2012 and the Third Supplemental Warrant Indenture dated February 14, 2014 between the Company and the Warrant Agent, which contain particulars of the rights of the holders of the Warrants and the Company and of the Warrant Agent in respect thereof and the terms and conditions upon which the Warrants are issued and held, all to the same effect as if the provisions of the Warrant Indenture were herein set forth, to all of which the holder of this Warrant Certificate by acceptance hereof assents. A copy of the Warrant Indenture, the First Supplemental W
