* Co-founder, Mr. William R. Tharp, CEO, President & Director, resigned April 26th, 2016.** Co-founder, Mr. William R. Tharp, CEO, President & Director, resigned April 26th, 2016.

All information available in the public dom

ain**

Co-founder, Mr. William R. Tharp, CEO, President & Director, resigned April 26th, 2016.

Co-founder, Mr. William R. Tharp, CEO, President & Director, resigned April 26th, 2016.

All information available in the public dom

ain**

** Co-founder, Mr. William R. Tharp, CEO, President & Director, resigned April 26th, 2016.

$0

$5

$10

$15

$20

$25

$30

$35

$40

$45

$50

Cum

ulat

ive

Inve

stm

ent A

mou

nt (C

$M)

CAD (millions)

$0

$63

Over 32 Months

10Investments

20Investments

36, net = 30*Investments

INVESTMENTSREVIEWED

TERM SHEETSSUBMITTED

750 135

July 2013

April 2016COMPANIESINVESTED IN

36CAPITALINVESTED

$63m

* : 5 Royalty agreements successfully bought-out (see slide) and 1 written off.

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ain**

** Co-founder, Mr. William R. Tharp, CEO, President & Director, resigned April 26th, 2016.

Commitment to an investment cadenceand specific portfolio growth theory

Cash Invested

Cash Recovered

in 36 companies

All information available in the public dom

ain**

** Co-founder, Mr. William R. Tharp, CEO, President & Director, resigned April 26th, 2016.

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ain**

** Co-founder, Mr. William R. Tharp, CEO, President & Director, resigned April 26th, 2016.

A Carefully Balanced, Thoughtfully Constructed & Diversified Portfolio

A Carefully Balanced, Thoughtfully Constructed & Diversified Portfolio

Currency Sector Investment Type All information available in the public dom

ain**

** Co-founder, Mr. William R. Tharp, CEO, President & Director, resigned April 26th, 2016.

Q1 2016Strong Portfolio Evolution

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ain**

** Co-founder, Mr. William R. Tharp, CEO, President & Director, resigned April 26th, 2016.

A 35.8% rolling 12 month average

21.6%

Top PerformingAverage Royalty Payment Per Million Invested

All information available in the public dom

ain**

** Co-founder, Mr. William R. Tharp, CEO, President & Director, resigned April 26th, 2016.

PerformanceMaterially Enhanced By Contract Buyouts

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ain**

** Co-founder, Mr. William R. Tharp, CEO, President & Director, resigned April 26th, 2016.

All information available in the public dom

ain**

** Co-founder, Mr. William R. Tharp, CEO, President & Director, resigned April 26th, 2016.

All information available in the public dom

ain**

** Co-founder, Mr. William R. Tharp, CEO, President & Director, resigned April 26th, 2016.

GRCPublic Domain

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ain**

** Co-founder, Mr. William R. Tharp, CEO, President & Director, resigned April 26th, 2016.

Returns and Yields Performing Above the Royalty Peers

Slide intentionally left blank

** Co-founder, Mr. William R. Tharp, CEO, President & Director, resigned April 26th, 2016.

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ain**