Underwriting AgreementUnderwriting Agreement • March 25th, 2022 • Osisko Gold Royalties LTD • Gold and silver ores • Ontario
Eight Capital and RBC Dominion Securities Inc., as joint lead underwriters (the “Lead Underwriters”), and BMO Nesbitt Burns Inc., National Bank Financial Inc., Canaccord Genuity Corp., CIBC World Markets Inc., Scotia Capital Inc., Credit Suisse Securities (Canada), Inc., iA Private Wealth Inc., TD Securities Inc., Desjardins Securities Inc., Cormark Securities Inc., Haywood Securities Inc., Paradigm Capital Inc., Raymond James Ltd., Stifel Nicolaus Canada Inc. and PI Financial Corp. (together with the Lead Underwriters, the “Underwriters”) understand that Osisko Gold Royalties Ltd (“the Company”) proposes to issue and sell an aggregate of 18,600,000 Common Shares (as hereinafter defined) (the “Firm Shares”) of Company to the Underwriters. Upon and subject to the terms and conditions set forth below, the Underwriters hereby severally, but not jointly, agree to purchase from the Company, in the respective percentages provided for in Article XIII hereof, and by its acceptance hereof, the
