0001047469-16-014916 Sample Contracts

ROYAL GOLD, INC.
Restricted Stock Agreement • August 11th, 2016 • Royal Gold Inc • Mineral royalty traders

Royal Gold, Inc., a Delaware corporation (the “Company”), hereby grants shares of its common stock, $.01 par value (the “Stock”), to the Grantee named below, subject to the restrictions and vesting conditions set forth in the attachment. Additional terms and conditions of the grant are set forth in this cover sheet, in the attachment and in the Company’s 2015 Omnibus Long-Term Incentive Plan (the “Plan”).

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ROYAL GOLD, INC.
Stock Appreciation Rights Agreement • August 11th, 2016 • Royal Gold Inc • Mineral royalty traders

Royal Gold, Inc., a Delaware corporation (the “Company”), hereby grants stock appreciation rights (“SARs”) relating to its common stock, $.01 par value per share (the “Stock”), to the Grantee named below subject to the restrictions and vesting conditions set forth in the attachment. The terms and conditions of the SARs are set forth in this cover sheet, in the attachment, and in the Company’s 2015 Omnibus Long-Term Incentive Plan (the “Plan”).

ROYAL GOLD, INC.
Incentive Stock Option Agreement • August 11th, 2016 • Royal Gold Inc • Mineral royalty traders

Royal Gold, Inc., a Delaware corporation (the “Company”), hereby grants an option to purchase shares of its common stock, $.01 par value (the “Stock”), to the optionee named below. The terms and conditions of the option are set forth in this cover sheet, in the attachment and in the Company’s 2015 Omnibus Long-Term Incentive Plan (the “Plan”).

ROYAL GOLD, INC.
Performance Share Agreement • August 11th, 2016 • Royal Gold Inc • Mineral royalty traders

This Performance Share grant is subject to all of the terms and conditions described in this Agreement and in the Plan, a copy of which is available for your review upon request to the Secretary. You should carefully review the Plan, and the Plan will control in the event any provision of this Agreement should appear to be inconsistent with the terms of the Plan.

ROYAL GOLD, INC.
Restricted Stock Agreement • August 11th, 2016 • Royal Gold Inc • Mineral royalty traders • Delaware

Royal Gold, Inc., a Delaware corporation (the “Company”), hereby grants shares of its common stock, $.01 par value (the “Stock”), to the Grantee named below, subject to the restrictions and vesting conditions set forth in the attachment. Additional terms and conditions of the grant are set forth in this cover sheet, in the attachment and in the Company’s 2015 Omnibus Long-Term Incentive Plan (the “Plan”).

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