Company: GROY-WT
Filing Date: 2025-12-08
Form Type: 424B5
Source: 0001493152-25-026680
Chunk: 73

Company: Gold Royalty Corp.
Filing Date: 2025-12-08
Form: 424B5
Chunk 73
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 series represented at such meeting) other conflicting directions      
 within 60 days after the notice, request and offer.                                                                                    |

We will periodically file statements with the applicable debenture trustee regarding our compliance with specified covenants in the applicable indenture.

Modification of Indenture; Waiver

The debenture trustee and we may change the applicable indenture without the consent of any holders with respect to specific matters, including:

| ● | to                                                               
 fix any ambiguity, defect or inconsistency in the indenture; and |

| ● | to                                                                                                                                     
 change anything that does not materially adversely affect the interests of any holder of debt securities of any series issued pursuant 
 to such indenture in any material respect.                                                                                             |

In addition, under the indentures, the rights of holders of a series of debt securities may be changed by us and the debenture trustee with the written consent of the holders of at least a majority in aggregate principal amount of the outstanding debt securities of each series (or, at a meeting of holders of such series at which a quorum is present, the holders of a majority in principal amount of the debt securities of such series represented at such meeting) that is affected. However, the debenture trustee and we may make the following changes only with the consent of each holder of any outstanding debt securities affected:

| ● | extending                                            
 the fixed maturity of the series of debt securities; |

| ● | reducing                                                                                                                            
 the principal amount, reducing the rate of or extending the time of payment of interest, or any premium payable upon the redemption 
 of any debt securities;                                                                                                             |

| ● | reducing                                                                           
 the principal amount of discount securities payable upon acceleration of maturity; |

| ● | making                                                                                                                           
 the principal of or premium or interest on any debt security payable in currency other than that stated in the debt security; or |

| ● | reducing                                                                                                    
 the percentage of debt securities, the holders of which are required to consent to any amendment or waiver. |

Except for certain specified provisions, the holders of at least a majority in principal amount of the outstanding debt securities of any series (or, at a meeting of holders of such series at which a quorum is present, the holders of a majority in principal amount of the debt securities of such series represented at such meeting) may on behalf of the holders of all debt securities of that series waive our compliance with provisions of the indenture. The holders of a majority in principal amount of the outstanding debt securities of any series may on behalf of the holders