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0001193125-15-354108 Sample Contracts

SANDSTORM GOLD LTD. as the Corporation and COMPUTERSHARE TRUST COMPANY OF CANADA as the Warrant Agent WARRANT INDENTURE Providing for the Issue of Warrants Dated as of [●], 2015
Warrant Indenture • October 27th, 2015 • Sandstorm Gold LTD • Gold and silver ores • British Columbia

COMPUTERSHARE TRUST COMPANY OF CANADA, a trust company existing under the laws of Canada and authorized to carry on business in all provinces of Canada (the “Warrant Agent”)

COPPER PURCHASE AGREEMENT BY AND BETWEEN SANDSTORM GOLD LTD. AND YAMANA GOLD (BARBADOS) INC. DATED: October 27, 2015
Copper Purchase Agreement • October 27th, 2015 • Sandstorm Gold LTD • Gold and silver ores • Ontario

WHEREAS Mineração Maracá Industria e Comércio S.A., a corporation existing under the laws of Brazil and an Affiliate of the Seller, is the legal and beneficial owner of the Mining Properties and currently owns and operates the Chapada Mine;