The Board of Directors has established three board committees: Audit CommitteeThe primary function of the Audit Committee is to assist the Board of Directors in fulfilling its financial oversight responsibilities with respect to: (i) the integrity of the Trust's financial statements, including the review and recommendation for approval of the financial statements and the financial reporting of the Trust; (ii) the assessment of the system of internal, accounting and financial reporting controls and procedures that management has established, including for the purpose of monitoring its compliance with regulatory requirements; and (iii) the appointment, compensation and evaluation of the external auditor and the oversight of the external audit process, including the external auditor's performance, qualifications and independence. In addition, the Committee shall assist the Board as requested in fulfilling its oversight responsibilities with respect to: (i) financial policies and strategies; (ii) financial risk management practices; and (iii) transactions or circumstances which could materially affect the financial profile of the Trust. Governance, Human Resources and Compensation CommitteeThe primary function of the Governance, Human Resources and Compensation Committee is to assist the Board of Directors in fulfilling its oversight duties with respect to: (i) human resources policies and executive compensation matters; (ii) compensation of directors and the overall compensation policies of the Corporation; (iii) corporate governance matters; and (iv) recommend new candidates for election to the Board. The Committee shall also have particular regard to the duties, responsibilities and obligations of the Corporation to the Trust. Reserves, Operations and Environmental, Health & Safety CommitteeThe primary function of the Reserves, Operations and Environmental, Health & Safety Committee is to assist the Board of Directors in fulfilling its oversight duties with respect to: (i) The oil and natural gas reserves evaluation process and the public disclosure of reserves data (as defined by NI 51-101) and related information as required by NI 51-101; (ii) The operations of Provident, including any matters relating to Provident's operating activities and its operating expense and capital expenditures budget; and (iii) The environmental, health and safety issues affecting Provident, including the evaluation of Provident's programs, controls and reporting systems and its compliance with applicable laws, rules and regulations. | 
