Sprott Bridging Income Fund LP Sprott Bridging Income RSP Fund

Sprott Bridging Income Fund LP Sprott Bridging Income RSP Fund

Investment Objective The investment objective of the Partnership is to achieve superior risk-adjusted returns with minimal volatility and low correlation to most traditional asset classes. Fund Highlights Low correlation to traditional asset classes and public markets, which can decrease investors overall portfolio volatility. Target Minimum Yield Risk Protection: if Target Yield is not met, the Manager will not take its portion of the Management Fee (management fee net of dealer fee will be waived). Floating Target Minimum Yield: the Target Yield and Hurdle Rate will fluctuate with movements in the Prime Rate. Diversified portfolio consisting of Asset-Based and Factoring Investments. Sprott Bridging Income RSP Fund is available for RRSP accounts. Our Value Bridging Finance has stringent underwriting and monitoring processes in place in both Asset-Based Lending and Factoring to facilitate an optimal outcome for each investment. We strive to provide yield-seeking investors with a diversified product offering superior riskadjusted returns that is not real-estate dependent and is fully secured against a stream of realizable assets. Fund Details Sprott Bridging Income Fund LP Sprott Bridging Income RSP Fund Issuer Sprott Asset Management LP Sprott Asset Management LP Fund Type Limited Partnership Open-ended unincorp. investment trust Fund Status OM, Exempt Market, Continuous Offering OM, Exempt Market, Continuous Offering Inception Date November 21, 2013 February 27, 2015 Registered Tax Plan Status Not Eligible Eligible Min. Initial Investment $5,000 accredited $150,000 non-accredited* Min. Subsequent Investment $5,000 $5,000 Valuations Monthly Monthly $5,000 accredited $150,000 non-accredited* Redemptions Monthly (30 days notice) Monthly (30 days notice) Management Fee Class A Units: 2% Class F Units: 1% Class I Units: Fee determined by agreement between the Manager and Subscriber Class A Units: 2% Class F Units: 1% Class I Units: Fee determined by agreement between the Manager and Subscriber Performance Fee See Offering Memorandum See Offering Memorandum Min. Investment Term 12 month minimum hold (2% penalty) 90 days minimum hold (2% penalty) Risk Tolerance Medium Medium Distributions Beginning April 2015 Monthly Annually Hurdle Rate Target Minimum Yield plus 2% Target Minimum Yield plus 2% Fund Codes For more information, please contact your Sprott Sales Representative. * only for non-individuals, please see fund documents for details sprott bridging income fund lp 1

Sub-Advisor to the Fund Bridging Finance Inc. is a privately held Canadian company that specializes on providing middle-market Canadian companies with alternatives to the financing options. Natasha Sharpe, MBA, PhD CEO and Chief Investment Officer Natasha is the Chief Executive Officer and Chief Investment Officer of the Sub-Advisor. Natasha was previously the Chief Credit Officer for Sun Life Financial where she was responsible for creating risk policy for the company s $110-billion global portfolio of managed assets. Prior to that, Natasha spent over 10 years at BMO Financial Group where she led various teams in risk assessment and corporate finance. In 2010, Natasha was named as one of Canada s Top 40 Under 40. Natasha is a director of public, private, and non-profit companies. She holds a PhD and a Masters of Business Administration from the University of Toronto. David Sharpe President and Chief Operating Officer David is President and Chief Operating Officer of the Sub-Advisor. David is responsible for strategic relationships for the firm and ensuring there are proper operational controls in place for sustainable growth of the organization. David has close to two decades of financial services industry experience, in roles such as General Counsel, Chief Compliance Officer and Chief Risk Officer for leading financial organizations, and previously was the head of investigations for the Mutual Fund Dealers Association of Canada. David is a lawyer and has been a member of the Law Society of Upper Canada since 1997. David has an LLB from Queen s University, an LLM in Securities Law from Osgoode Hall Law School and a Masters of Business Administration from the Richard Ivey School of Business, University of Western Ontario. Graham Marr, CA, CFA Co-Portfolio Manager Graham participates in all aspects of Bridging Finance s private investment management activities, including the origination, evaluation and monitoring of investments, as well as operations. Prior to joining Bridging Finance, Graham worked in KPMG s Transactions and Advisory practice in the areas of restructuring, corporate finance and due diligence services. Graham is a Chartered Accountant and is a CFA Charterholder. He is a graduate of the HBA program at the Richard Ivey School of Business, University of Western Ontario. Brian Champ, CFA Co-Portfolio Manager Brian participates in all aspects of Bridging Finance s private investment management activities, including the origination, evaluation and monitoring of investments, as well as operations. Prior to joining Bridging Finance, Brian was a corporate banker and gained a wealth of experience in risk management and credit analysis. He was also a Director for Bank of Montreal. Brian holds a BA (Hons) in Economics from the University of Toronto and is a CFA Charterholder. Bobby Anand, CPA, CA, CFA Senior Managing Director Bobby is a seasoned finance professional with 20 years of experience working with mid-market companies in Canada, the US and Europe. Prior to joining Bridging Finance Inc., he held senior positions with Wells Fargo and Bank of America in Toronto and London, UK. Throughout his career, Bobby has funded over $3 billion of private debt loans for domestic and cross border deals. Bobby has an Honours Bachelor of Commerce from the University of Toronto, is a Chartered Financial Analyst and Chartered Professional Accountant. Kevin Westfall Director, Bridging Factor For more than fifteen years, Kevin has been dedicated to delivering tailored factoring solutions to small and middle market companies. His experience spans a variety of disciplines, with a focus on working capital. Prior to joining Bridging Finance, Kevin worked with large international and entrepreneurial factoring companies, and owned and operated his own factoring business that he successfully sold. Kevin holds a BA (Economics) from York University. sprott bridging income fund lp 2

Factoring Investments Factoring is the sale of a company s accounts receivable in exchange for immediate cash. For many businesses, accounts receivable represent one of the largest assets on the balance sheet. However, the asset lies dormant until the time of collection, when it is converted into cash. Bridging Finance assists in turning those dormant assets into cash. Bridging Finance takes the time to get to know its clients and their business, and focuses on working with them to create a custom program based on their individual needs. Each account is professionally serviced by a dedicated account manager, who understands the needs of the company. Bridging Finance services are available to nearly any business that invoices or extends credit to its customers for services rendered and/or products delivered. Both product and service based businesses can benefit from our services. Factoring Investments will be well diversified by industry, sector and size according to underwriting standards determined by the Sub-Advisor on behalf of the Partnership. Historical Examples of Bridging Finance Factoring Investments Film Production Company $6,250,000 Tax Credit Facility GTA, Ontario Experiencing cost overruns during the production of an animated feature film, the company sought additional working capital through the funding of its pending OMDC credits. We provided a fast and effective solution for the company s needs. June 2013 Investment Selection Process The Sub-Advisor considers the following factors: Factorable receivables (and/or government of Canada/provincial tax credits and/or appropriate inventory) Appropriate additional security Capability to implement action plan Viability of the business Integrity of management Service delivery of the business Return on finance Exit strategy Size Industries Interest Term Geography Minimum factoring facility of $25,000 with a maximum facility of $10 million. We prefer to provide capital to companies in the following industries: Transportation and Logistics Manufacturing Recruitment Staffing Wholesale and Distribution Service Industries Our rates are consistent with the risk of the funds provided. No minimum term, and we do not require a pre-payment fee if the funds are repaid by the company prior to maturity. Our preference is to lend to companies headquartered in Canada. sprott bridging income fund lp 3

Without Factoring Sale of goods/services Business owner Customer Business owner waits 60 days + to get paid Typically, a business owner can wait 60+ days before being paid. If they are paying their employees and every vendors weekly, this creates a drag on cash flow. With Factoring Sale of goods/services Business owner assigns receivable to Bridging Finance Bridging advances % of receivable to business owner on Day 1 Customer pays Bridging in 60+ days We pay the business owner on day 1 a percentage of their amount owing and collect 100% of the amount owing from the customer. The difference represents our interest/fee. sprott bridging income fund lp 4

Sprott Asset Management LP Royal Bank Plaza, South Tower 200 Bay Street, Suite 2700 Toronto, Ontario M5J 2J1 Toll Free: 1.866.299.9906 Facsimile: 416.943.6497 www.sprott.com invest@sprott.com Formerly Bridging Credit Fund LP. Effective July 25, 2014, Sprott Asset Management LP became the successor manager to the Fund. The Fund is generally exposed to the following risks. See the offering memorandum of the Fund for a description of these risks: Speculative Investments; Limited Operating History for the Partnership; Distributions and Allocations; Class Risk; Possible Loss of Limited Liability; Repayment of Certain Distributions; Limited Partners Not Entitled to Participate in Management; Dependence of Manager on Key Personnel; Reliance on Manager; Dependence of Sub-Advisor on Key Personnel; Reliance on Sub-Advisor; Limited Ability to Liquidate Investment; Possible Effect of Redemptions; Tax Liability; Charges to the Partnership; Potential Indemnification Obligations; Not a Public Mutual Fund; Changes in Investment Strategies; Valuation of the Partnership s Investments; Lack of Independent Experts Representing Limited Partners; No Involvement of Unaffiliated Selling Agent; General Economic and Market Conditions; Unspecified Investments; Competitive Environment; Illiquidity of Underlying Investments; Credit Risk; Impaired Loans; No Insurance; Non- Controlling Investments; Joint Ventures and Co-Investments; Litigation; Fixed Income Securities; Equity Securities; Possible Correlation With Traditional Investments; Idle Cash; Currency Risk; Concentration; Indebtedness. The Sprott Bridging Income Fund LP and Sprott Bridging Income RSP Fund are offered on a private placement basis pursuant to an offering memorandum and are only available to investors who meet certain eligibility or minimum purchase amount requirements under applicable securities legislation. The offering memorandums contain important information about the Funds, including their investment objectives and strategies, purchase options, applicable management fees, performance fees, other charges and expenses, and should be read carefully before investing. Performance data represents past performance of the Funds and is not indicative of future performance. Data based on performance history of less than five years may not give prospective investors enough information to base investment decisions on. Please contact your own personal advisor on your particular circumstance. This communication does not constitute an offer to sell or solicitation to purchase securities of the Funds. 0515309 05/15_SAM_BRO_SBIRSPF_111_E