EX-4.1



 EXHIBIT 4.1 

DIVIDEND REINVESTMENT PLAN 

As a holder of common shares of Goldcorp Inc., you should read this document carefully before making any decision regarding the Dividend
Reinvestment Plan. In addition, non-registered beneficial holders of common shares of Goldcorp Inc. should refer to section 3.1 of this Dividend Reinvestment Plan. 

If you are a Shareholder of Goldcorp Inc. resident in the United States and have received this document, please see the prospectus relating
to the Dividend Reinvestment Plan, including the United States federal income tax considerations and risk factors included therein and the documents incorporated by reference therein, which forms part of the Registration Statement on Form F-3 (the
“Registration Statement”), filed with the Securities and Exchange Commission (the “SEC”) on October 9, 2015. 
  

	 1.0
	 Purpose of the Plan 



This Dividend Reinvestment Plan (the “Plan”) allows holders of common shares (the “Common Shares”) of
Goldcorp Inc. (the “Corporation”) to purchase additional Common Shares by reinvesting their cash dividends (less any applicable withholding tax). 
  

	 2.0
	 Summary of Principal Features of the Plan 



The following provides a summary of certain principal features of the Plan: 

 

	 	 •
	 	 Participants (as defined below) do not pay any costs or commissions in connection with purchases of Common Shares made under the Plan.



  

	 	 •
	 	 Full investment of all dividends to be received (less any applicable withholding taxes) is possible since whole and fractional Common Shares are
credited to the Participant’s account. 


  

	 	 •
	 	 The Corporation may limit the maximum number of Common Shares that may be issued under the Plan. 



 

	 	 •
	 	 Statements of account will be mailed to Participants after each Dividend Payment Date (as defined below). 



 

	 	 •
	 	 Reinvestment of cash dividends under the Plan does not affect a Participant’s tax liability in respect of any such dividend, which tax
liability remains with the Participant. 


  

	 	 •
	 	 Shareholders that do not participate in the Plan will continue to receive cash dividends in the usual manner. 



 

	 	 •
	 	 Shareholders can elect to participate or cease to participate in the Plan from time to time. 



 

	 	 •
	 	 Common Shares issued as part of a Treasury Acquisition (as defined below) for distribution under the Plan may, at the discretion of the
Corporation, be purchased at the Discount (as defined below). Common Shares acquired through Market Acquisitions (as defined below) for distribution under the Plan will be purchased at the prevailing trading prices. 










	 3.0
	 Definitions 



“Agent”means CST Trust Company, or such other agent as is appointed by the Corporation from time to time to act as agent under
the Plan; 
 “Average Market Price” has the meaning set out in Section 8.0 of the Plan; 

“business day” means a day on which a Listing Market and the Agent’s office in the Province of Ontario are open for
business; 
 “CDS” means CDS Clearing and Depository Services Inc., or its nominee in respect of Common Shares; 

“CDS Participant” means a Nominee that is a participant in the CDS depository service, which includes securities brokers and
dealers, banks, trust companies and other financial institutions, which holds Common Shares under the Plan on behalf of Participants that are non-registered beneficial Shareholders; 

“Corporation”means Goldcorp Inc.; 

“Discount”means the discount of up to (but not exceeding) 3% of the Average Market Price that the Corporation may determine
in its sole discretion to apply to Treasury Acquisitions, such Discount to be announced by way of press release; 
 “Dividend
Investment Period” means the period, after the Dividend Payment Date, in which the Agent purchases Common Shares under the Plan; 

“Dividend Payment Date” means the date fixed by the Board of Directors of the Corporation upon which a dividend is paid by
the Corporation; 
 “Enrollment Form” means the enrollment form for Participants under the Plan, in the form established
from time to time; 
 “Listing Market” means the Toronto Stock Exchange, the New York Stock Exchange (or any of its
successors on which the Common Shares are then listed for trading) or any other stock exchange on which the Common Shares are listed; 

“Market Acquisition” means a purchase of Common Shares on the facilities of a Listing Market; 

“Minimum Holdings” means the minimum number of Common Shares that a Participant must hold in order to be eligible to
participate in, or continue to participate in, the Plan, which minimum number will be determined by the Corporation from time to time in its sole discretion. As of the date of adoption of the Plan, the Minimum Holdings is one Common Share; 

“Nominee” refers to an intermediary such as a financial institution, broker, or other nominee who holds Common Shares on
behalf of a beneficial owner of Common Shares and who supports dividend reinvestment plans for Canadian issuers; 

“Participant” means a Shareholder holding at least the Minimum Holdings who, on the applicable record date for a cash
dividend, is: 
  

	 	 (i)
	 a resident of Canada or the United States, or 










	 	 (ii)
	 resident outside Canada or the United States and is not prohibited under the law of the country in which it resides from participating in the Plan,



 and who is otherwise eligible to participate in the Plan and elects to do so by, in the case of a registered
Shareholder, completing and delivering the appropriate enrollment forms to the Agent or, in the case of a beneficial Shareholder, having a Nominee enroll on its behalf, as more particularly described in the Plan; 

“Shareholder”means a registered holder of Common Shares or a beneficial owner of Common Shares, as the context requires; 

“trading day” means a day on which a board lot of the Common Shares were traded on a Listing Market; and 

“Treasury Acquisition” means a new issuance of Common Shares acquired by the Agent from the Corporation in accordance with
the Plan. 
  

	 3.1
	 Notice to Non-registered Beneficial Shareholders 



Non-registered beneficial Shareholders of Common Shares (i.e. Shareholders who hold Common Shares through a Nominee) should consult with that
Nominee to determine the procedures for participation in the Plan. The administrative practices of such Nominees may vary and accordingly the various dates by which actions must be taken and documentary requirements set out in the Plan may not be
the same as those required by the Nominee. There may be a fee charged by some Nominees to non-registered beneficial Shareholders in respect of matters related to the Plan, which will not be covered by the Corporation or the Agent. Where a beneficial
owner of Common Shares wishes to enroll in the Plan through a CDS participant in respect of Common Shares registered through CDS, appropriate instructions must be received by CDS from the CDS participant not later than such deadline as may be
established by CDS from time to time, in order for the instructions to take effect on the Dividend Payment Date to which that dividend record date relates. Instructions received by CDS after their internal deadline will not take effect until the
next following Dividend Payment Date. CDS participants holding Common Shares on behalf of beneficial owners of Common Shares registered through CDS must arrange for CDS to enroll such Common Shares in the Plan on behalf of such beneficial owners in
respect of each Dividend Payment Date. 
 Participants that are non-registered beneficial Shareholders may voluntarily terminate their
participation in the Plan as of a particular record date for a Dividend Payment Date by notifying their Nominee sufficiently in advance of that record date. Participants should contact their Nominee for appropriate procedures. Beginning on the first
Dividend Payment Date after such termination is effective, dividends to such non-registered beneficial Shareholders will be made in cash. Any expenses associated with the preparation and delivery of a termination notice will be for the account of
the Participant exercising its right to terminate participation in the Plan. 
 With respect to Participants that are non-registered
beneficial Shareholders, Common Shares purchased under the Plan from treasury or the open market will be credited by the Agent to CDS and CDS shall in turn, on a pro rata basis based on such Participants’ respective entitlement to the dividends
used to purchase Common Shares under the Plan, credit such Common Shares to the account of the applicable Nominee through whom such Participants hold Common Shares. 







 The crediting of fractional Common Shares in favour of non-registered beneficial Shareholders who
participate in the Plan through a Nominee will depend on the policies of that Nominee. A Participant that is a non-registered beneficial Shareholder will receive, from his, her or its Nominee for tax reporting purposes, confirmations of the number
of Common Shares issued to such Participant under the Plan in accordance with the Nominee’s usual practice. 
  

	 4.0
	 Participation 


  

	 (i)
	 Registered Shareholders. Except as described below, registered Shareholders are eligible to join the Plan at any time by enrolling some or
all of their Common Shares and completing an Enrollment Form and sending it to the Agent within the deadlines noted below and at the address noted on the Enrollment Form or, after October 27, 2015, by enrolling online through the Agent’s web
portal as identified from time to time by the Agent. 


  

	 (ii)
	 Beneficial Shareholders. Beneficial Shareholders whose Common Shares are not registered in their own name but instead are held through a
Nominee, may only participate in the Plan if they: 


  

	 	 (1)
	 transfer their Common Shares into their own name and enroll directly in the Plan as a registered Shareholder; or 



 

	 	 (2)
	 arrange for their Nominee to enroll in the Plan on their behalf. 



The Nominee will be responsible for causing separate instructions to be delivered to the Agent regarding the extent of its
participation in the Plan on behalf of beneficial Shareholders. The Depository Trust Company has indicated that effective March 31, 2014, it will no longer be participating in dividend reinvestment plans for Canadian issuers. As a result,
Depository Trust Company participants will be required to withdraw their securities from Depository Trust Company and deposit them with Clearing and Depository Services, Inc. or have them registered in customer name in order to participate in the
Plan. A CDS Participant must, on behalf of the non-registered beneficial Shareholder, advise CDS of such Shareholder’s participation in the Plan by no later than a record date for a particular Dividend Payment Date. CDS will, in turn, notify
the Agent no later than 2:00 pm (Toronto time) on the business day immediately following the record date of such Shareholder’s participation in the Plan. 
  

	 (iii)
	 Non-Canadian Resident Shareholders. Shareholders resident outside of Canada and the United States may participate in the Plan unless
prohibited by the law of the country in which they reside. Cash dividends to be reinvested for Participants resident outside of Canada will be reduced by the amount of any applicable withholding taxes, as determined in the sole discretion of the
Corporation. Neither the Corporation or Agent will have any duty to inquire to the residency status of the Shareholder, nor will the Corporation or Agent be required to know the residency status of a Shareholder, other than as notified by a
Shareholder. Notwithstanding the foregoing as part of the enrollment process, the Corporation or Agent may request additional information or confirmations, including an opinion of legal counsel, from such non-Canadian resident Shareholders to ensure
that enrollment is not prohibited by the law of the country in which they reside. 










	 (iv)
	 Time of Enrollment. A registered Shareholder will become a Participant with regard to the reinvestment of dividends on the first Dividend
Payment Date following receipt by the Agent of a duly and properly completed Enrollment Form provided that the Enrollment Form is received not less than five (5) business days before the record date for the dividend payable on such Dividend
Payment Date. If an Enrollment Form is received by the Agent less than five (5) business days prior to the record date for the dividend payable on such Dividend Payment Date, that dividend will be paid in the usual manner and the Participant
will be enrolled for the next occurring Dividend Payment Date. A beneficial Shareholder will become a Participant when a Nominee has enrolled in the Plan on its behalf through a registered Shareholder. 



 

	 (v)
	 Common Shares Participating. Under the terms of the Plan, Participants may direct the Agent to reinvest cash dividends on all or a portion
of the Common Shares registered in their name. If Participants purchase additional Common Shares outside of the Plan that they wish enrolled in the Plan, they should contact the Agent to ensure that those Common Shares are enrolled in the Plan, as
newly acquired Common Shares may not be automatically enrolled in the Plan. 


  

	 (vi)
	 Ongoing Enrollment. Once a Participant has enrolled in the Plan, participation continues automatically unless terminated in accordance with
the Plan. 


  

	 (vii)
	 Deemed Confirmations. By enrolling in the Plan, whether directly as a registered Shareholder or indirectly as a beneficial Shareholder
through a Nominee, a Participant is deemed to have: 


  

	 	 (1)
	 represented and warranted to the Corporation and the Agent that they are eligible to participate in the Plan; 



 

	 	 (2)
	 appointed the Agent to receive from the Corporation, and directed the Corporation to credit the Agent with, all dividends (less any applicable
withholding taxes) payable in respect of all Common Shares registered in the name of the Shareholder and enrolled in the Plan or held under the Plan for its account, or, in the case of a beneficial Shareholder enrolled indirectly through a Nominee,
that is enrolled on its behalf in the Plan; 


  

	 	 (3)
	 authorized and directed the Agent to reinvest on behalf of the Participant such dividends (less any applicable withholding taxes) in Common Shares,
all in accordance with the provisions of the Plan as set forth herein and otherwise upon and subject to the terms and conditions of the Plan; and 


  

	 	 (4)
	 acknowledged and agreed to the limitations on liability as set out in Section 17.0 of the Plan. 



 

	 (viii)
	 Non-Assignable and Non-Transferable. The right to participate in the Plan is not assignable by a Participant. Common Shares in the Plan may
not be sold, transferred, pledged, hypothecated, assigned or otherwise disposed of by a Participant while such Common Shares remain in the Plan. A Participant who wishes to sell, transfer, pledge, hypothecate, assign or otherwise dispose of all or
any portion of their Common Shares in the Plan must first withdraw such Common Shares from the Plan as set out in Section 12.0 of the Plan. 










	 (ix)
	 Right to Deny Participation. The Corporation may deny the right to participate in the Plan to any person or terminate the participation of
any Participant in the Plan if the Corporation deems it advisable under any law or regulation. The Corporation reserves the right to deny participation in the Plan, and to not accept an Enrollment Form from, any person or agent of such person who
appears to be, or who the Corporation has reason to believe is, subject to the laws of any jurisdiction that does not permit participation in the Plan in the manner sought by or on behalf of such person. Shareholders should be aware that certain
Nominees may not allow participation in the Plan and the Corporation is not responsible for monitoring or advising which Nominees allow participation. 


  

	 (x)
	 Enrollment Forms. Enrollment Forms may be obtained from the Agent at any time by following the instructions on the Corporation’s
website at www.goldcorp.com. 


  

	 (xi)
	 Use of Funds. All funds received by the Agent under the Plan will be applied to the purchase of Common Shares in accordance with the Plan.
In no event will interest be paid to Participants on any funds held for investment under the Plan. 


  

	 (xii)
	 Notification of Sale or Transfer. If a Participant sells or transfers all of his or her Common Shares held in certificated form that are
enrolled in the Plan, the Agent will continue to invest the cash dividends on such Common Shares for the benefit of the Participant until a notice of termination is received by the Agent from the transferor of such Common Shares as the right to
participate in the Plan is not assignable or transferable. 


  

	 5.0
	 Costs 


 There
is no brokerage commission payable by Participants with respect to Common Share purchases under the Plan and all administrative costs of the Agent will be borne by the Corporation. A Participant will be responsible for brokerage commissions on a
sale of Common Shares effected by the Agent pursuant to Section 12.0(viii). Participants who enroll through a Nominee may be subject to costs and charges by their Nominee. 

 

	 6.0
	 Market Acquisitions, Treasury Acquisitions and Use of Proceeds 



The Common Shares acquired by the Agent under the Plan will be, at the Corporation’s sole discretion, either a Treasury Acquisition or a
Market Acquisition. Proceeds received by the Corporation from the issuance of Common Shares under the Plan through a Treasury Acquisition will be used for general corporate purposes. 

 

	 7.0
	 Method of Purchase 


  

	 (i)
	 Application of Dividends. Cash dividends payable on the Common Shares registered in the Plan (less any applicable withholding taxes), which
includes Common Shares distributed under the Plan, will be applied automatically by the Agent in each Dividend Investment Period to the purchase of Common Shares for the Participant by way of a Treasury Acquisition or a Market Acquisition, as
determined by the Corporation in its sole discretion. 


  

	 (ii)
	 Participant’s Account. Upon investment of the cash dividends, a Participant’s account will be credited with the number of Common
Shares, including fractions computed to three decimal places, which is equal to the cash dividends (less any applicable withholding taxes) reinvested on behalf of such Participant divided by the purchase price for the Common Shares. Subject to
Section 3.1, full reinvestment of all dividends received under the Plan (less any applicable withholding taxes) is possible as whole and fractional Common Shares are credited to a Participant’s account. The rounding of any fractional
interest is determined by the Agent in its sole discretion. 










	 (iii)
	 Registration of Common Shares. Common Shares issued pursuant to the Plan will be registered in the name of the Agent or its successor as
agent for the registered Shareholder Participants. 


  

	 8.0
	 Price of Common Shares Purchased under the Plan 



The Corporation does not control the price of Common Shares acquired under the Plan. The price (the “Average Market Price”) at
which the Agent will purchase new Common Shares during the Dividend Investment Period will be: 
  

	 (i)
	 in the case of a Treasury Acquisition, the volume weighted average price of the Common Shares (denominated in the currency in which the Common
Shares trade on the applicable stock exchange) traded on a Listing Market on the five (5) trading days preceding a Dividend Payment Date, less the Discount; or 



 

	 (ii)
	 in the case of a Market Acquisition, the average price paid (excluding brokerage commissions, fees and all transaction costs) per Common Share
(denominated in the currency in which the Common Shares trade on the applicable stock exchange) purchased by the Agent on behalf of Participants on a Listing Market for all Common Shares purchased in respect of a Dividend Payment Date under the
Plan. The Agent will acquire the applicable aggregate number of Common Shares by Market Acquisition as soon as practicable and in any event within three (3) trading days after the Dividend Payment Date unless otherwise directed by the
Corporation. The determination of which Listing Market to be used for purposes of Market Acquisitions will be made by the Corporation and communicated to the Plan Agent. 



The determination of the Average Market Price and the Average Market Price after Discount in respect of a Treasury Acquisition will be made by
the Corporation and the Corporation will advise the Agent. 
  

	 9.0
	 Limit on Reinvestments in Certain Events 



The Corporation may limit the maximum number of Common Shares that may be issued under the Plan. If issuing Common Shares under the Plan would
result in the Corporation exceeding the limit and the Corporation determines not to issue Common Shares in respect of a particular Dividend Payment Date, Participants will receive from the Agent cash dividends for the dividends that are not
reinvested in Common Shares (without interest or deduction thereon, except for any applicable withholding taxes). The Corporation will be under no obligation to issue Common Shares to any Participants under the Plan where the Corporation exceeds the
maximum number of Common Shares that may be issued under the Plan. The Corporation will be under no obligation to issue Common Shares on a pro rata basis to Participants under the Plan where the Corporation exceeds the maximum number of Common
Shares that may be issued under the Plan. The Corporation is not required to facilitate market purchases of Common Shares for any dividends not reinvested due to a limit on the number of Common Shares issuable under the Plan. 








	 10.0
	 Statements of Account 



The Agent will maintain an account only for registered Shareholder Participants. Where a beneficial Shareholder holds Common Shares indirectly
through a Nominee, the Nominee will be responsible for providing a beneficial Shareholder Participant with confirmation of the purchase of Common Shares under the Plan. 

A statement of account will be mailed by the Agent to each registered Participant after each Dividend Payment Date. The statement will set out
the amount of the cash dividends paid on the registered Shareholder Participant’s Common Shares for the relevant period, the number of new Common Shares distributed through the Plan for the period, the dates of these purchases or issuances, the
applicable purchase price per Common Share and the updated total number of Common Shares being held for the registered Shareholder Participant. These statements are a registered Shareholder Participant’s continuing record of the cost of
purchases and should be kept for tax purposes as the registered Shareholder Participant is solely responsible for retaining such statements. In addition, each registered Shareholder Participant will receive the appropriate information annually
for reporting dividends for tax purposes. 
  

	 11.0
	 Share Certificates 



Registered Shareholder Participants who require a Common Share certificate but who do not wish to terminate participation in the Plan may
obtain a certificate for any number of whole Common Shares held in their account by duly completing the withdrawal portion of the statement of account and delivering it to the Agent at least five (5) business days before a record date for a
Dividend Payment Date. If notice is not received by the Agent at least five (5) business days before such record date, settlement of the registered Shareholder Participant’s account will not commence until after the reinvestment has been
completed. No certificate will be issued for a fraction of a Common Share. A certificate will generally be issued within three (3) weeks of receipt by the Agent of a Participant’s written request. A beneficial Shareholder Participant who
holds Common Shares indirectly through a Nominee, should contact its Nominee where it requires a Common Share certificate. 
 Plan accounts
are maintained in the names in which the registered Shareholder Participants enrolled in the Plan. Certificates for whole Common Shares withdrawn from the Plan will be registered in exactly the same manner when issued. 

Any subsequent dividends paid in respect of the new certificated Common Shares will be subject to reinvestment under the Plan pursuant to the
current election of the Participant, so long as the Participant remains the owner of such Common Shares. The Common Shares remaining in a Participant’s account will continue to have cash dividends reinvested pursuant to the Plan. 

 

	 12.0
	 Termination of Participation in the Plan 



The following provisions apply in respect of registered Shareholder Participants. Beneficial Shareholders who are Participants should refer
to Section 3.1 of this Plan and contact their Nominee to determine the procedures for terminating their participation in the Plan. 
  

	 (i)
	 Termination by Participant. Participation in the Plan may be terminated by completing the termination portion of a Participant’s
statement of account and delivering it to the Agent, signed by the registered Shareholder Participant, at least five (5) business days before the record date for a Dividend Payment Date. If a Participant wishes to sell Common Shares held in the
Plan, a Participant must first withdraw the Common Shares from the Plan as set out in this Section 12.0(i). If a Participant withdraws less than all of their Common Shares, the participation of the Participant in the Plan will continue in
respect of the Common Shares remaining in the Plan. 










	 (ii)
	 Death of Participant. Participation in the Plan will be terminated upon receipt by the Agent of satisfactory evidence of the death of the
Participant from such Participant’s duly appointed legal representative. 


  

	 (iii)
	 Termination by Corporation if No Minimum Holdings. The Corporation reserves the right to terminate participation in the Plan if the
Participant does not satisfy the Minimum Holdings requirement. 


  

	 (iv)
	 Certificates. Upon termination, a Participant (or the estate of a deceased Participant) will receive a certificate for the whole Common
Shares held in the Participant’s account. The Agent does not provide cash in lieu of any whole Common Share held for Participants. Requests for the issuance of a certificate to the estate of a deceased Participant must be accompanied by
appropriate documentation as determined by the Corporation. 


  

	 (v)
	 Fractional Shares. Upon termination, a Participant (or the estate of a deceased Participant) will receive a cash payment for any fraction of
a Common Share held in the Participant’s account. All cash payments in respect of fractional Common Shares will be calculated based on the closing price of the Common Shares on the applicable Listing Market on the date prior to the effective
date of the termination. Requests for cash payment for a fraction of a Common Share to the estate of a deceased Participant must be accompanied by appropriate documentation as determined by the Corporation. 



 

	 (vi)
	 Comingling. Common Shares in a Participant’s account held pursuant to the Plan that are sold as part of a termination may be commingled
with Common Shares of other terminating Participants, in which case, the proceeds to each terminating Participant will be based on the average sale price of all Common Shares so commingled and sold on the same day, less brokerage commissions.



  

	 (vii)
	 Processing Terminations. If a request for termination is received less than five (5) business days before a record date for a Dividend
Payment Date, the request will be processed within three (3) weeks after the applicable Dividend Payment Date. No terminations will be processed between a record date for a Dividend Payment Date and the completion of the applicable Dividend
Investment Period. 


  

	 (viii)
	 Sale of Common Shares. A Participant may request the sale of all or some of the Common Shares held for his or her account pursuant to the
Plan by delivering it to the Agent at least five (5) business days before the record date for a Dividend Payment Date. If notice is not received by the Agent at least five (5) business days before such record date, settlement of the
registered Shareholder Participant account will not commence until after the reinvestment for such Dividend Payment Date has been completed. In this event, the Agent will sell such Common Shares through a broker-dealer designated by the Agent, on
consultation with the Corporation, from time to time. The Participant will be charged a commission by the broker-dealer for the sale of the Common Shares, which commission will be deducted from the cash proceeds of the sale to be paid to the
Participant. Commissions charged on such sales will be charged at the customary rates charged from time to time by the broker-dealer. The proceeds of such sale, less brokerage commissions, transfer taxes and withholding taxes, if any, will be paid
to the Participant by the Agent. 










	 (ix)
	 Dividends on Termination. After termination, all cash dividends will be paid in cash to the registered holder of the Common Shares and not
to the Agent. 


  

	 (x)
	 Currency. Cash payments in respect of a termination will be made in U.S. currency. 



 

	 13.0
	 Participation by Insiders and Employees 



Insiders and employees of the Corporation may elect to participate in the Plan, provided however such persons may only submit an Enrollment
Form and may only vary or terminate their participation in the Plan when they are not subject to a blackout period under the Corporation’s Disclosure, Confidentiality and Insider Trading Policy. 

 

	 14.0
	 Rights Offerings 



If the Corporation makes available to registered holders of Common Shares any rights to subscribe for additional Common Shares or other
securities, rights and certificates will be forwarded by the Agent to registered Shareholder Participants in the Plan in proportion to the number of whole Common Shares being held for them in order to facilitate the exercise of such rights by the
Participants. A beneficial Shareholder Participant who holds Common Shares indirectly through a Nominee should contact its Nominee to determine how such rights will distributed. Such rights will not be made available for any fraction of a Common
Share held for a Participant. 
  

	 15.0
	 Common Share Dividends, Share Splits and Consolidations 



Any Common Share dividend (i.e. a dividend paid by the Corporation in the form of Common Shares) and any Common Shares resulting from a share
split will be credited to the Participant’s account based on the whole and fractional Common Shares being held for the Participant in the Plan, subject to Section 3.1 for non-registered beneficial Shareholders. In the event of a
consolidation of the Common Shares, the number of Common Shares credited to a registered Shareholder Participant’s account will be adjusted to account for the effect of such consolidation on the Common Shares. Certificates for Common Shares
resulting from a Common Share dividend or share split or a replacement of certificates for Common Shares as a result of a consolidation of Common Shares, on any Common Shares held in certificated form by a Participant, will be delivered to the
Participant in the same manner as to holders of Common Shares who are not participating in the Plan. 
  

	 16.0
	 Common Share Voting 



Whole Common Shares held for a Participant’s account under the Plan are voted in the same manner as Common Shares held in certificated
form. Participants will be provided with meeting materials in respect of Common Shares held for the Participant’s account in accordance with the requirements of securities laws applicable to the Corporation. Common Shares for which instructions
are not received will not be voted. A fractional Common Share does not carry the right to vote. 








	 17.0
	 Responsibilities of the Corporation and the Agent 



The Agent acts as agent for the Participants under the Plan pursuant to an agreement between the Corporation and the Agent which may be
terminated by the Corporation upon 30 days written notice to the Agent and may be terminated by the Agent upon 30 days written notice to the Corporation. On each Dividend Payment Date, the Corporation will pay to the Agent on behalf of the
Participants all cash dividends payable in respect of such Participants’ Common Shares (less any applicable withholding taxes). The Agent shall use such funds to purchase Common Shares for the Participants in accordance with the Plan. Common
Shares purchased under the Plan will be registered in the name of the Agent, as agent for the Participants under the Plan. 
 An
investment in Common Shares is subject to risks. Shareholders wishing to enroll in the Plan should carefully consider the risk factors set out in the Corporation’s Annual Information Form, Management’s Discussion and Analysis and other
public disclosure documents available under the Corporation’s profile on SEDAR at www.sedar.com prior to enrolling. Participants should recognize that neither the Corporation nor the Agent can assure a profit or protect against a loss on Common
Shares purchased under the Plan. 
 A Participant agrees that neither the Corporation nor the Agent shall be liable to a Participant for
any act undertaken or omitted to be taken in good faith, including, without limitation, actions, damages, claims, liabilities, costs, expenses or losses for negligence, gross negligence or non-compliance with or breach of the terms of the Plan, and
each Participant expressly disclaims any recourse in respect thereof. In the event that the Corporation or the Agent are found liable to a Participant, such liability shall be limited to the amount of dividends paid to such Participant during the 12
month period prior to any such claim leading to a finding of liability. In the event of a claim by any third party against the Corporation or the Agent that arises out of or relates to the Plan, the Participant will indemnify the Corporation and the
Agent from all such claims, liabilities, damages, costs and expenses, including, without limitation, reasonable legal fees, except to the extent finally determined to have resulted from the intentional, deliberate or fraudulent misconduct of the
Corporation. In no event shall the Corporation be liable for consequential, special, indirect, incidental, punitive or exemplary damages, costs, expenses, or losses (including, without limitation, lost profits and opportunity costs). For purposes of
this section, the term the Corporation shall include its associated and affiliated entities and their respective partners, directors, officers and employees. The provisions of this section shall apply regardless of the form of action, damage, claim,
liability, cost, expense, or loss, whether in contract, statute, tort (including, without limitation, negligence) or otherwise. 
 Neither
the Corporation nor the Agent shall have any duties, responsibilities or liabilities except as are expressly set forth in the Plan, including, without limitation, any claims: 
  

	 (i)
	 with respect to any failure by a Nominee to enroll or not enroll in the Plan any holder of Common Shares (or, as applicable, any Common Shares held
on such holder’s behalf) in accordance with the holder’s instructions or to not otherwise act upon a Shareholder’s instructions; 










	 (ii)
	 with respect to the continued enrollment in the Plan of any holder of Common Shares (or, as applicable, any Common Shares held on such
holder’s behalf) until receipt of all necessary documentation as provided herein required to terminate participation in the Plan; 


  

	 (iii)
	 arising out of the failure to terminate a Participant’s account upon such Participant’s death prior to receipt of notice in writing of
such death, including all necessary documentation; 


  

	 (iv)
	 with respect to the prices and times at which Common Shares are purchased or sold on the open market for the account of or on behalf of a
Participant, and with respect to the selection of the Listing Market for the purposes of such purchases or sales; 


  

	 (v)
	 with respect to any decision to amend, suspend, replace or terminate the Plan in accordance with the terms hereof; 



 

	 (vi)
	 with respect to any determination made by the Corporation or the Agent regarding a Shareholder’s eligibility to participate in the Plan or any
component thereof, including the cancellation of a Shareholder’s participation for failure to satisfy eligibility requirements; or 


  

	 (vii)
	 with respect to any taxes or other liabilities payable by a Shareholder in connection with its Common Shares or its participation in the Plan.



  

	 18.0
	 Amendment, Suspension or Termination of the Plan 



The Corporation reserves the right to amend, suspend or terminate the Plan at any time, in its sole discretion, but such action shall have no
retroactive effect that would prejudice the interests of the Participants. All amendments to the Plan will be subject to the prior approval of a Listing Market. All Participants will be (i) sent written notice or (ii) informed by way of
news release or posting to the website of the Corporation of any such amendment, suspension or termination. In the event of a termination of the Plan by the Corporation, certificates for whole Common Shares and payments for fractional Common Shares
will be made in accordance with Section 12.0. In the event of suspension of the Plan by the Corporation, no investment will be made by the Agent during the Dividend Investment Period immediately following the effective date of such suspension.
Any dividends on the Common Shares subject to the Plan and paid after the effective date of such suspension will be remitted by the Agent to the Participants (without interest or deduction thereon except applicable withholding taxes, if any). 

 

	 19.0
	 Governing Law, Compliance and Rules 



The Plan shall be governed by and be construed in accordance with the laws of the Province of Ontario and the federal laws of Canada applicable
therein. 
 The operation and implementation of the Plan is subject to compliance with all applicable legal requirements including: 

 

	 (i)
	 obtaining all necessary regulatory approvals; 


  

	 (ii)
	 compliance with all applicable registration and prospectus exemptions; 










	 (iii)
	 compliance with the requirements of a Listing Market; and 



 

	 (iv)
	 compliance with limits on the number of Common Shares issuable under the Plan. 



The Corporation and the Agent may also from time to time adopt and implement rules and regulations to facilitate the administration of the
Plan. The Corporation reserves the right to regulate and interpret the Plan as it deems necessary or desirable to ensure the efficient and equitable operation of the Plan. 
  

	 20.0
	 Currency 



All monetary amounts identified in the Plan are in U.S. dollars, unless otherwise expressly stated. 

 

	 21.0
	 Income Tax Considerations 



A summary of certain Canadian federal income tax considerations is attached to the Plan and a summary of the principal United States federal
income tax considerations is contained in the prospectus that forms part of the Registration Statement filed with the SEC on October 9, 2015; however Shareholders should consult their tax advisors about the tax consequences which will result from
their participation in the Plan. The summaries are of a general nature only and are not, and are not intended to be, legal or tax advice to any particular Participant under the Plan. The summaries are not exhaustive of all federal income tax
considerations that may be applicable to Participants. Accordingly, Participants should consult their own tax advisors with respect to the tax consequences applicable to them having regard to their own particular circumstances. 

 

	 22.0
	 Notices 


 All
notices required to be given to a Participant in the Plan will be delivered to the Participant at the most recent address shown on the records of the Corporation maintained by the Agent, or, in the case of beneficial Shareholder Participants who
holds Common Shares indirectly through their respective Nominee. All communications to the Agent and requests for forms or information regarding the Plan, should be directed to the Agent by phone, mail, fax or e-mail to: 

 

			
	 BY PHONE:
	  	 Toll free in North America: 1-800-387-0825

		
		  	 Toronto: 416-682-3860

		
	 BY FAX:
	  	 1-888-249-6189

		
	 BY EMAIL:
	  	 inquiries@canstockta.com

		
	 WEBSITE:
	  	 www.canstockta.com

		
	 BY MAIL:
	  	 CST Trust Company

		  	 P.O. Box 700

		  	 Station B

		  	 Montreal, Quebec H3B 3K3


  

	 23.0
	 Effective Date 



The effective date of the Plan is October 27, 2015. 







 DIVIDEND REINVESTMENT PLAN – TAX CONSIDERATIONS 

Certain Canadian Federal Income Tax Considerations 

The following is a general summary, as of October 27, 2015, of the principal Canadian federal income tax considerations under the Income Tax
Act (Canada) (the “Tax Act”) and the Income Tax Regulations (the “Regulations”) generally applicable to a Participant (a “Specified Participant”) who acquires Common Shares pursuant to the Plan
and that, at all relevant times, for purposes of the Tax Act, (i) deals at arm’s length with and is not affiliated with the Corporation and (ii) holds all Common Shares, and will hold any Common Shares issued pursuant to the Plan, as
capital property. 
 The Common Shares will generally constitute capital property to a Specified Participant unless such Common Shares are
held in the course of carrying on a business of buying and selling securities or were acquired in a transaction considered to be an adventure or concern in the nature of trade. 

This summary is not applicable to a Specified Participant: (i) that is a “financial institution” for the purposes of the
mark-to-market rules in the Tax Act; (ii) that is a “specified financial institution” as defined in the Tax Act; (iii) who has acquired any of his or her Common Shares upon the exercise of an employee stock option; (iv) an
interest in which is a “tax shelter investment” as defined under the Tax Act, (v) that has made an election under subsection 261(5) of the Tax Act to report its “Canadian tax results” as defined in the Tax Act in a currency
other than Canadian currency; or (vi) that has entered, or will enter into, in respect of a Common Share a “synthetic disposition agreement” or a “derivative forward agreement”, as defined in the Tax Act. Such Specified
Participants should consult their own tax advisors. 
 Additional considerations, not discussed herein, may be applicable to a Specified
Participant that is a corporation resident in Canada and is, or becomes, controlled by a non-resident corporation for purposes of the “foreign affiliate dumping” rules in Section 212.3 of the Tax Act. Such Specified Participants
should consult their own tax advisors. 
 This summary is based upon the current provisions of the Tax Act and the regulations in force
thereunder (the “Regulations”) and counsel’s understanding of the current published administrative policies and assessing practices of the Canada Revenue Agency (the “CRA”) made publicly available as of the
date prior to the date hereof. This summary also takes into account all specific proposals to amend the Tax Act and the Regulations (the “Tax Proposals”) that have been publicly announced by or on behalf of the Minister of Finance
(Canada) prior to such date and assumes that the Tax Proposals will be enacted in the form proposed. No assurance can be given that the Tax Proposals will be enacted as proposed or at all. Except for the Tax Proposals, this summary does not take
into account or anticipate any changes in law or administrative practices, whether by legislative, governmental or judicial decision or action, nor does it take into account provincial, territorial or foreign tax considerations, which may differ
from the Canadian federal income tax considerations discussed herein. 
 This summary is of a general nature only and is not, and is not
intended to be, legal or tax advice to any particular participant under the Plan. This summary is not exhaustive of all Canadian federal income tax considerations that may be applicable to participants. Accordingly, participants should consult their
own tax advisers with respect to the tax consequences applicable to them having regard to their own particular circumstances. 







 Residents of Canada 

This portion of the summary is generally applicable to a Specified Participant who, at all relevant times, for purposes of the Tax Act, is
resident in Canada, or is deemed to be resident in Canada (a “Canadian Participant”). 
 Certain Canadian Participants
whose Common Shares might not otherwise qualify as capital property may, in certain circumstances, be entitled to make an irrevocable election in accordance with subsection 39(4) of the Tax Act to have their Common Shares and every
“Canadian security” (as defined in the Tax Act) owned by such Specified Participant in the taxation year of the election and in all subsequent taxation years be deemed to be capital property. Such Specified Participants should consult
their own tax advisors for advice with respect to whether an election under subsection 39(4) of the Tax Act is available or advisable in their particular circumstances. 

Dividends 
 The
reinvestment of dividends under the terms of the Plan will not relieve a Canadian Participant from any liability for income taxes that may otherwise be payable on such amounts. In this regard, a Canadian Participant who participates in the Plan will
be treated for tax purposes as having received, on each Dividend Payment Date, a taxable dividend equal to the amount of the dividend payable on such date, which dividend will be subject to the same tax treatment accorded to taxable dividends
received by the Canadian Participant from a taxable Canadian corporation. For example, in the case of a Canadian Participant who is an individual (including certain trusts), such dividends will be subject to the normal gross-up and dividend tax
credit rules applicable to taxable dividends received by an individual from taxable Canadian corporations, including the enhanced gross-up and dividend tax credit for “eligible dividends” properly designated as such by the Corporation. The
fact that cash dividends are reinvested pursuant to the Plan will not affect the status of any dividend as an “eligible dividend” for purposes of the Act. 

In the case of a Canadian Participant that is a corporation, such dividends will be included in income and generally will be deductible in
computing taxable income. A “private corporation” (as defined in the Tax Act), or any other corporation controlled, whether because of a beneficial interest in one or more trusts or otherwise by or for the benefit of an individual (other
than a trust) or a related group of individuals (other than trusts) may be liable to pay a refundable tax of 33 1/3% under Part IV of the Tax Act on such dividends to the extent such dividends are deductible in computing the corporation’s
taxable income. 
 Acquisition of Common Shares at a Discount 

The Corporation may, in its sole discretion, permit the issuance of Common Shares under the Plan pursuant to a Treasury Acquisition at a
discount of up to (but not exceeding) 3% of the Average Market Price (the “Discounted Average Market Price”). Pursuant to the administrative position of the CRA, the acquisition of a Common Share by a Canadian Participant at the
Discounted Average Market Price should not result in a taxable benefit for purposes of the Tax Act. 
 Capital Gains and Losses 

A Canadian Participant who disposes of or is deemed to have disposed of Common Shares acquired pursuant to the Plan (including on the
disposition of a fraction of a Common Share in consideration for cash upon termination of participation in the Plan or upon termination of the Plan) will generally realize a capital gain (or incur a capital loss) equal to the amount by which the
proceeds of disposition of such Common Shares exceed (or are exceeded by) the aggregate of the adjusted cost base of such Common Shares immediately before the disposition or deemed disposition and any reasonable expenses associated with the
disposition or deemed disposition. For purposes of determining the amount of any capital gain (or loss) which may result from the disposition of such Common Shares, the adjusted cost base of Common Shares owned by a Canadian Participant will be the
average cost of all Common Shares owned and acquired by the Canadian Participant, whether acquired through reinvesting dividends pursuant to the Plan or otherwise acquired outside the Plan. The cost of a Common Share credited to a Canadian
Participant’s account pursuant to the Plan will be equal to the Average Market Price (taking into account any Discount in the case of a Treasury Acquisition) of such Common Share, calculated in accordance with Section 8.0 of the Plan. 








 Generally, one-half of any capital gain (a “taxable capital gain”) realized by a
Canadian Participant on a disposition of Common Shares acquired pursuant to the Plan in a taxation year will be included in the such Canadian Participant’s income for the year and one-half of any capital loss (an “allowable capital
loss”) realized by a Canadian Participant on a disposition of Common Shares acquired pursuant to the Plan in a taxation year must be deducted against taxable capital gains realized in the year to the extent and in the circumstances
specified in the Tax Act. Allowable capital losses in excess of taxable capital gains realized in a taxation year may be carried back up to three taxation years or carried forward indefinitely and deducted against net taxable capital gains in those
other years, to the extent and in the circumstances specified in the Tax Act. 
 If the Canadian Participant is a corporation, the amount of
any capital loss arising from a disposition or deemed disposition of a Common Share may be reduced by the amount of certain dividends received or deemed to be received by the corporation on the share to the extent and under circumstances specified
by the Tax Act. Similar rules may apply where a corporation is a member of a partnership or a beneficiary of a trust that owns Common Shares, or where a corporation, partnership or trust is a member of a partnership or a beneficiary of a trust that
owns Common Shares. Canadian Participants to whom these rules may be relevant should consult their own tax advisors. 
 Additional
Refundable Tax on Corporations 
 A Canadian Participant that is a “Canadian-controlled private corporation” (as defined in the
Tax Act) may be liable to pay an additional refundable tax of 6 2/3% on certain investment income, including amounts in respect of net taxable capital gains, interest and dividends or deemed dividends not deductible in computing taxable income. 

Minimum Tax on Individuals 

Capital gains realized and dividends received or deemed to be received by individuals and certain trusts may give rise to minimum tax under the
Tax Act. 
 Termination of Participation 

When a Canadian Participant’s participation in the Plan is terminated by the Canadian Participant or the Corporation or when the Plan is
terminated by the Corporation, the Canadian Participant may receive a cash payment in respect of any fractional Common Shares remaining in the Canadian Participant’s account. A deemed dividend may arise if the cash payment for a fractional
Common Share exceeds the paid-up capital (within the meaning of the Tax Act) in respect of such fractional Common Share and a capital gain (or loss) may also be realized in certain circumstances. Any deemed dividend would be treated in the manner
described above under the heading “Certain Canadian Federal Income Tax Considerations – Residents of Canada – Dividends” and any capital gain would be treated in the manner described above under the heading “Certain Canadian
Federal Income Tax Considerations – Residents of Canada – Capital Gains and Losses”. 







 Non-Residents of Canada 

This portion of the summary is generally applicable to a Specified Participant who, at all relevant times, for the purposes of the Tax Act,
(i) is not and is not deemed to be resident in Canada; and (ii) does not use or hold and is not deemed to use or hold Common Shares in a business carried on in Canada (a “Non-Resident Participant”). Special rules, which
are not discussed in this summary, may apply to a Non-Resident Participant that is an insurer that carries on an insurance business in Canada and elsewhere. 

Dividends 
 The
reinvestment of dividends under the terms of the Plan will not relieve a Non-Resident Participant from any liability for income taxes that may otherwise be payable on such amounts. In this regard, a Non-Resident Participant who participates in the
Plan will be treated for tax purposes as having received, on each Dividend Payment Date, a taxable dividend equal to the amount of the dividend payable on such date, which dividend will be subject to the same tax treatment accorded to taxable
dividends received by the Non-Resident Participant from a taxable Canadian corporation. 
 Any dividends paid or credited to the Agent in
respect of a Non-Resident Participant’s Common Shares will be subject to a non-resident withholding tax for Canadian income tax purposes. Under the Tax Act, the rate of withholding tax on dividends is 25%. This rate may be subject to reduction
under the provisions of any income tax treaty between Canada and the country in which the Non-Resident Participant is resident. For example, in the case of a beneficial owner of dividends who is a resident of the United States for purposes of the
Canada-United States Tax Convention, 1980 (the “Canada-US Treaty”) and who is fully entitled to the benefits of the Canada-US Treaty, the rate of withholding tax will generally be reduced to 15% of the amount of the dividend.
Dividends paid on the Common Shares to a Non-Resident Participant will be reduced by any such applicable Canadian withholding tax before reinvestment in Common Shares under the Plan. 

Non-Resident Participants may be liable for additional tax on dividends paid on Common Shares held in their Plan account in their respective
countries of residence. 
 Acquisition of Common Shares at a Discount 

As described above under “Residents of Canada”, the Corporation may, in its sole discretion, permit the issuance of Common Shares
under the Plan pursuant to a Treasury Acquisition at a Discounted Average Market Price. Pursuant to the administrative position of the CRA, the acquisition of a Common Share by a Non-Resident Participant under the Dividend Reinvestment Plan at the
Discounted Average Market Price should not result in a taxable benefit for purposes of the Act. 







 Capital Gains and Losses 

A Non-Resident Participant will not be subject to tax under the Tax Act in respect of any capital gain realized by such Non-Resident
Participant on a disposition of Common Shares acquired pursuant to the Plan (including upon the disposition of a fractional Common Share), unless such Common Shares are “taxable Canadian property” (as defined in the Tax Act) of the
Non-Resident Participant at the time of disposition and the gain is not exempt from tax pursuant to the terms of an applicable tax treaty. Generally, a Common Share owned by a Non-Resident Participant will not be taxable Canadian property of the
Non-Resident Participant at a particular time provided that the Common Shares are listed on a “designated stock exchange” (as defined in the Tax Act) (which currently includes the Listing Market) at that time unless at any time during the
60 month period preceding such time the following two (2) conditions have been met concurrently: (i) the Non-Resident Participant, persons with whom the Non-Resident Participant does not deal at arm’s length, partnerships in which the
Non-Resident Participant or a person with whom the Non-Resident Participant does not deal at arm’s length holds a membership interest (either directly or indirectly through one or more partnerships), or the Non-Resident Participant together
with all such persons, owned 25% or more of the shares of any class or series of the Corporation, and (ii) more than 50% of the fair market value of such Common Shares was derived directly or indirectly from one or any combination of real or
immovable property situated in Canada, “Canadian resource properties,” “timber resource properties” (each as defined in the Tax Act), or an option in respect of, or interests in, or for civil Law rights in, any such properties,
whether or not such property exists. Notwithstanding the foregoing, in certain circumstances set out in the Tax Act, a Common Share could be deemed to be taxable Canadian property of the Non-Resident Participant. Non-Resident Participants who hold,
or may hold, Common Shares as taxable Canadian property should consult their own tax advisors. 
 Even if the Common Shares are taxable
Canadian property to a Non-Resident Participant at a particular time, such Participant may be exempt from tax on any capital gain realized on the disposition of such shares by virtue of an applicable income tax treaty or convention to which Canada
is a signatory. In the case of a Non-Resident Participant that is a resident of the United States for purposes of the Canada-US Treaty and that is fully entitled to the benefits of the Canada-US Treaty, any gain realized by the Non-Resident
Participant on a disposition of a Common Share acquired pursuant to the Plan that would otherwise be subject to tax under the Tax Act will generally be exempt from Canadian tax provided that the value of such share is not derived principally from
real property situated in Canada at the time of disposition. 
 In circumstances where a Common Share acquired pursuant to the Plan
constitutes or is deemed to constitute taxable Canadian property of the Non-Resident Participant, any capital gain that would be realized on the disposition of such Common Share that is not exempt from tax under the Tax Act pursuant to an applicable
income tax treaty generally will be subject to the same Canadian tax consequences discussed above for a Canadian-Resident Participant under the headings “Certain Canadian Federal Income Tax Considerations – Residents of Canada –
Capital Gains and Losses”. Non-Resident Participants to whom this paragraph may apply should consult their own tax advisers with respect to the tax consequences and reporting obligations arising as a result of a disposition of such
shares. 







 Termination of Participation 

When a Non-Resident Participant’s participation in the Plan is terminated by the Non-Resident Participant or the Corporation or when the
Plan is terminated by the Corporation, the Non-Resident Participant may receive a cash payment in respect of any fractional Common Shares remaining in the Non-Resident Participant’s account. A deemed dividend may arise if the cash payment for a
fractional Common Share exceeds the paid-up capital (within the meaning of the Tax Act) in respect of such fractional Common Share and a capital gain (or loss) may also be realized in certain circumstances. Any deemed dividend would be subject to
Canadian withholding tax as described above under the heading “Certain Canadian Federal Income Tax Considerations – Non-Residents of Canada – Dividends” and any capital gain would be treated in the manner described above
under the heading “Certain Canadian Federal Income Tax Considerations – Non-Residents of Canada – Capital Gains and Losses”.