Legal

Freehold Royalties Ltd. Legal Terms and Conditions

PLEASE READ CAREFULLY. THE FOLLOWING CONSTITUTES A LEGAL AND BINDING CONTRACT BETWEEN YOU AND FREEHOLD ROYALTIES LTD. ("Freehold", "we", "us" or "our") any personal information submitted by you to Freehold will be subject to our Privacy Policy for the Website.

  1. Website Terms of Use
  2. Conditions of Use
  3. Accuracy of Information
  4. Links
  5. Stock Price Information
  6. No Solicitation
  7. Investment Decisions
  8. Forward-Looking Statements
  9. Software Available on the Websit
  10. Copyright
  11. Compliance with Laws
  12. Disclaimers, Limitations of Liability and Indemnification
  13. Jurisdiction and Governing Law
  14. General
  15. Privacy Policy

1. Website Terms of Use

Freehold Royalties Ltd., including its affiliates and subsidiaries ("Freehold", "we" or "us"), makes available to you the website located at www.freeholdroyalties.com (the "Website") subject to your acceptance of and compliance with these Legal Terms and Conditions (these "Terms"). By accessing or using the Website, you are agreeing to and accepting these Terms. If you do not agree with these Terms, do not access or use the Website.

We reserve the right to modify these Terms at any time without prior notice by posting such modifications on the Website. Your continued access or use of the Website after such modifications have been posted indicates your acceptance of and agreement to be bound by these Terms as modified. It is your responsibility to regularly review these Terms.

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2. Conditions of Use

Except as may be expressly authorized by us, any reproduction, modification or distribution of the Website materials or content is strictly prohibited. We reserve the right to modify, change, discontinue or suspend the Website in whole or in part, at any time, without prior notice to you. Freehold or any of its respective employees, agents, officers, directors or service providers shall not be liable to you or any third party should we exercise this right.

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3. Accuracy of Information

While we make reasonable efforts to ensure that the information provided through the Website is current and accurate, we make no representations, guarantees, conditions or warranties, whether express or implied, or arising out of custom or a course of trade, or otherwise, as to the accuracy, reliability, availability, completeness or timeliness of such information. At the time the information was posted on the Website, it was believed to be accurate, but may be superseded by subsequent disclosures.

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4. Links

Certain links on the Website lead to other websites (the "Linked Sites"). Independent parties over which Freehold has no control maintain the Linked Sites. Freehold makes no representations, guarantees, conditions or warranties as to the accuracy or any other aspect of the information contained on the Linked Sites, including the goods or services sold or made available. Freehold disclaims all liability and responsibility for the content on the Linked Sites. Nothing in these Terms grants you any rights or authorizations with respect to any Linked Sites. Any personal information about you or any other individual collected, used or disclosed by or in connection with the Linked Sites will be subject to the privacy policies of the owners or operators of such Linked Sites and not Freehold.

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5. Stock Price Information

Freehold does not warrant or guarantee the sequence, accuracy or completeness of any stock price information and is not liable or responsible in any way for delays, inaccuracies, errors or transmission of stock price information. Any and all stock price information provided is not to be relied upon for any trading, business or financial purpose and Freehold and its service providers shall not be liable or responsible to you or any other person in any way for any claims, suits, demands, damages, losses or costs arising from reliance upon this information or incurred as a result of the non-performance, interruption or termination for any reason whatsoever of the stock price information and, should you choose to do so, you engage in such reliance solely at your own risk.

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6. No Solicitation

Material contained in or accessible through the Website is for information purposes only and is not intended to and does not constitute an offering of securities in any jurisdiction. Freehold does not assume any duty of disclosure beyond what which is required by applicable law.

Freehold is subject to the securities laws of various jurisdictions. Information disclosed or provided by us pursuant to the securities laws of those jurisdictions is not intended to be in any way qualified, amended, modified or supplemented by the information otherwise available in, through, or on the Website. Our publicly filed disclosure documents can be viewed at www.sedar.com.

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7. Investment Decisions

The information set out in the Website should not be used for the purpose of making investment decisions with respect to Freehold's securities. If you are contemplating trading in Freehold's securities, you should review our publicly filed disclosure documents at www.sedar.com and contact your securities broker or financial advisor.

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8. Forward-Looking Statements

The Website (and the documents and information accessible through the Website) may contain forward-looking statements. These statements relate to future events or our future performance. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions (including the negatives thereof). These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. We believe the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. We further caution that information contained on, or accessible through, the Website is current only as of the date of such information and may be superseded by subsequent events.

In particular, information contained on, or accessible through, the Website contains forward-looking statements pertaining to the following:

  • the performance characteristics of our oil and natural gas properties;
  • oil and natural gas production levels;
  • the size of the oil and natural gas reserves;
  • projections of market prices and costs and the related sensitivities of distributions;
  • supply and demand for oil and natural gas;
  • expectations regarding the ability to raise capital and to continually add to reserves through acquisitions and development;
  • treatment under governmental regulatory regimes and tax laws; and
  • capital expenditures programs.

The actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth below:

  • volatility in market prices for oil and natural gas;
  • liabilities inherent in oil and natural gas operations;
  • uncertainties associated with estimating oil and natural gas reserves;
  • competition for, among other things, capital, acquisitions of reserves, undeveloped lands and skilled personnel;
  • incorrect assessments of the value of acquisitions;
  • geological, technical, drilling, and processing problems;
  • changes in income tax laws or changes in tax laws and incentive programs relating to the oil and gas industry; and
  • the other factors discussed under "Risk Factors" in our Annual Information Form.

Statements relating to "reserves" or "resources" are deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the resources and reserves described can be profitably produced in the future. Readers are cautioned that the foregoing lists of factors are not exhaustive. The forward-looking statements contained in the Website (and the documents and information accessible through the Website) are expressly qualified by this cautionary statement.

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9. Software Available on the Website

Any software that is or may be made available to download from the Website is a protected copyright work of Freehold or third party licensors, vendors, suppliers or rights holders. Your use of all such software is governed by the terms of any end user licence agreement that accompanies or is made available with the software, or that is otherwise published, distributed or made available with respect to the software. You may not install or use the software unless you first agree to the terms and conditions of the licence agreement.

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10. Copyright

Freehold or its service providers own all right, title and interest in the Website, including all associated market data and information, and you acquire no interest therein. The materials provided on the Website including all content, Website design, text, graphics and the selection and arrangement thereof are protected by copyright. All rights are reserved. Any unauthorized use or any reproduction, modification or distribution of the materials is strictly prohibited. Nothing in these Terms or your use of the Website shall grant you any rights in or to the intellectual property or proprietary rights of Freehold or any third party. You may not frame the Website or link to the Website without our express permission. If you wish to link to the Website, please contact us at ktaylor@rife.com.

"Freehold", "freeholdroyalties.com" and related words and logos are trademarks and/or trade names of Freehold. Nothing in these Terms or on the Website shall be construed as granting, either expressly, by implication, by estoppel or otherwise, a licence or other right to you to use any marks or names of Freehold. The names of other companies, products or services referred to on the Website may be trademarks or trade names of their respective owners. Any unauthorized use of the trademarks or trade names of Freehold or of third parties is strictly prohibited. Freehold hereby grants to you a licence to download one copy of materials published by us on the Website on any single computer for your personal, non-commercial use only, provided you do not remove or alter any copyright or other proprietary notices.

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11. Compliance with Laws

In addition to complying with these Terms, you agree to use the Website, Linked Sites and services available on or through the Website and Linked Sites for lawful purposes only and in a manner consistent with local, national or international laws and regulations. You may not use the Website or Linked Sites in any manner that could damage, disable, overburden, or impair the Website or Linked Sites or interfere with any other party's use or enjoyment of the Website or Linked Sites.

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12. Disclaimers, Limitations of Liability and Indemnification

You understand and agree that:

Use of the Website is at your sole risk. The Website is provided on an "as is", "as available" and "when available" basis. Freehold and its service providers do not give any warranty, guarantee, representation or condition that access to the Website shall be uninterrupted or error free, or available at all; nor do they make any warranty, guarantee, representation or condition as to the results that may be obtained from the use of the Website or as to the accuracy, reliability or content of any information available on or through the Website.

The downloading, reading and review of material from the Website or Linked Sites is done solely at your own risk. Freehold does not guarantee or warrant that such materials are free of viruses or other destructive code or content of any kind. You are responsible for implementing safeguards to protect your computer system and data and you are solely responsible for the entire cost of any service, repairs or corrections necessary as a result of the use of the Website or any Linked Site.

You may not rely on any opinion or other information set out in the Website or any website accessible through the Website when making business, financial, personal or any other decisions. Freehold and its service providers do not endorse the opinions of any third party expressed on the Website or any website accessible through the Website.

IN NO EVENT SHALL FREEHOLD BE LIABLE FOR ANY (I) INDIRECT, CONSEQUENTIAL, INCIDENTAL, SPECIAL, COMPENSATORY, AGGRAVATED, EXEMPLARY OR PUNITIVE DAMAGES; (II) DAMAGES FOR ECONOMIC LOSS, LOSS OF INCOME, LOSS OF BUSINESS PROFITS, BUSINESS INTERRUPTION, LOSS OF DATA OR BUSINESS INFORMATION, LOSS OF OR DAMAGE TO PROPERTY, OR FAILURE TO REALIZE EXPECTED REVENUES, SAVINGS OR OTHER RESULTS OF ANY KIND; (III) CLAIMS OF THIRD PARTIES; OR (IV) OTHER PECUNIARY LOSS, ARISING OUTOF OR RELATED TO THESE TERMS, THE WEBSITE OR ANY LINKED SITE. IN NO EVENT WILL BE CUMULATIVE LIABILITY OF FREEHOLD AND ITS SERVICE PROVIDERS ARISING OUT OF OR RELATED TO THESE TERMS EXCEED CDN. $10.00.

THE DISCLAIMER OF GUARANTEES, REPRESENTATIONS, WARRANTIES, CONDITIONS AND LIMITATIONS OF LIABILITY SET OUT HEREIN SHALL APPLY REGARDLESS OF THE CAUSES, CIRCUMSTANCES OR FORM OF ACTION GIVING RISE TO THE LOSS, DAMAGE, CLAIM OR LIABILITY, EVEN IF SUCH LOSS, DAMAGE, CLAIM OR LIABILITY IS BASED UPON BREACH OF CONTRACT (INCLUDING, WITHOUT LIMITATION, A CLAIM OF FUNDAMENTAL BREACH OR BREACH OF A FUNDAMENTAL TERM), TORT (INCLUDING, WITHOUT LIMITATION, NEGLIGENCE), STRICTLIABILITY OR ANY OTHER LEGAL OR EQUITABLE THEORY, AND EVEN IF FREEHOLD AND ITS SERVICE PROVIDERS ARE ADVISED OF THE POSSIBILITY OF THE LOSS, DAMAGE, CLAIM OR LIABILITY OR SUCH LOSS, DAMAGE, CLAIM OR LIABILITY IS FORESEEABLE.

You agree to indemnify and hold Freehold and its service providers harmless from and against any and all claims, liabilities, damages, demands, losses or expenses (including all legal fees) arising out of your breach of these Terms.

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13. Jurisdiction and Governing Law

The laws of the Province of Alberta and any applicable federal laws of Canada shall govern your use of the Website and the interpretation of these Terms. The courts of the Province of Alberta, without regard to their conflicts of laws provisions, shall have exclusive jurisdiction over any dispute arising out of your use of the Website. Regardless of your physical location, residence or domicile, you undertake and agree to commence no action nor make any claim of any kind in any jurisdiction other than the courts of the Province of Alberta and you expressly undertake and agree to not commence or pursue any action by way of class action.

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14. General

These Terms, any and all other notices, policies and statements contained on the Website constitute the entire agreement between Freehold and you. These Terms cannot be modified except as described elsewhere herein. These Terms supersede anything in the Website or any prior communication with you inconsistent with these Terms. No waiver of any of these Terms, or any term or condition herein, shall be deemed a further or continuing waiver of any such term or condition or any other term or condition. If in any jurisdiction, any part of these Terms is held to be unenforceable by a court of competent jurisdiction, such part of these Terms shall be restricted or eliminated to the minimum extent necessary and the remaining Terms shall otherwise remain in full force and effect.

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15. Privacy Policy

We at Freehold Royalties Ltd. believe that your personal information deserves protection.

SCOPE AND APPLICATION

Personal information, such as your name and e-mail address, will only be collected if you make an enquiry to Freehold. Subject to this policy and applicable laws and regulations, Freehold will only use your personal information for the purpose of responding to an enquiry that you may make, and for no other purpose whatsoever. You're providing your personal information to Freehold will be considered by Freehold to constitute consent to our using and, where applicable, disclosing your personal information pursuant to this policy. The law provides that Freehold may and must use or disclose your personal information without your knowledge or consent in certain circumstances, including the following:

(i) if a law, regulation, search warrant, subpoena, governmental authority, court order or rules regarding production of records requires us to do so;

(ii) if required in the course of an investigation of a breach or possible breach of a contract or of the laws of Canada or a province;

(iii) if the personal safety of another individual is in jeopardy; and,

(iv) if otherwise required or permitted by law.

You may revoke your consent to our retaining your personal information at any time. If there are any consequences to your doing so, we will advise you at such time. The law does allow us to continue to retain your personal information for as long as is necessary for reasonable business or legal purposes.

You may contact us to request that we update or change your personal information. All such requests must be in writing. Where we decline to modify your information, we will annotate the information to that effect and provide you with our reasons for that decision. You may also contact us to request access to your personal information in our custody or control. All such requests must be in writing and will be responded to within the time provided by applicable law, which is generally 45 days but which may be extended in certain circumstances.

Please note that your right to access to your information is not absolute. For example, there is some information we cannot legally provide, such as the personal information of another individual. There is also some information we may choose not to provide, such as information obtained in the course of an investigation, opinions in certain circumstances, confidential commercial information and information subject to solicitor client privilege.

Who to Contact

If you have any questions, comments or complaints about our collection, use or disclosure of your personal information, or this privacy policy, or if you wish to request access to your personal information, you may contact Freehold's Privacy Officer at (403) 221-0859 or by e-mail at dfath@rife.com. The identity and further contact information of our Privacy Officer is available on request.

Freehold Website

You may visit this Website without registering or providing any personal information. Further, Freehold has not implemented any "cookies" on this Website for gathering personal information. Freehold collects traffic data for this Website to generate statistics and aggregate reports for its internal use. These statistics and aggregate reports will not contain any personal information.

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