Form of Underwriting Agreement [Date]Underwriting Agreement • December 22nd, 2011 • Royal Gold Inc • Mineral royalty traders • New York
Royal Gold, Inc., a Delaware corporation (the "Company"), proposes, subject to the terms and conditions stated herein, to issue and sell to the Underwriters named in Schedule I hereto, including any person substituted pursuant to Section 9(a) (the "Underwriters"), for whom you (the "Representatives") are acting as representatives, an aggregate of [ • ] shares (the "Firm Securities") and, at the election of the Underwriters, up to [ • ] additional shares (the "Optional Securities")] of [Title of Securities] ("Stock") of the Company (the Firm Securities and the Optional Securities that the Underwriters elect to purchase pursuant to Section 2 hereof being collectively called the "Securities").
