Document:

Enertopia Corp.: Exhibit 10.2 - Filed by newsfilecorp.com

DEBT SETTLEMENT AGREEMENT 

THIS AGREEMENT dated for reference the 27th day of
April, 2011. 

BETWEEN: 

ENERTOPIA CORP., a company duly
incorporated under the laws 
of the Stat of Nevada and having an office at
Suite 950 - 1130 West 
Pender Street, Vancouver, BC, V6C 4A4 Ph 604-602-1625
FAX 
604-685-1602 

(the “Company”) 

OF THE FIRST PART

 AND: 

0743608 BC LTD. of #205 – 171
Commercial Drive, Kelowna BC 
V1X 7W2, Ph 250 765 6424 

(the “Creditor”) 

OF THE SECOND PART 

WHEREAS: 

A.          The
Company is indebted to the Creditor in the amount of US$84,656.72 (the
“Debt”); and 

B.          The
Company wishes to settle the Debt, namely US$84,656.72, by this agreement
for NIL consideration and the Creditor is prepared to accept NIL consideration
in full satisfaction of the Debt.

NOW THEREFORE WITNESSETH that in consideration of the premises
and of the covenants and agreements set out herein, the parties hereto covenant
and agree as follows: 

1.         
ACKNOWLEDGMENT OF DEBT 

1.1          The
Company acknowledges and agrees that it is indebted to the Creditor in the
amount of the Debt. 

2.         
FORGIVENESS OF DEBT 

2.1          The
Creditor acknowledges and agrees that it is forgiving the repayment of the debt
for NIL consideration. 

3.         
GENERAL PROVISIONS 

3.1          Time
shall be of the essence of this Agreement. 

3.2          The
Creditor hereby agrees that the $84,656.72 Debt will be fully satisfied and
extinguished effective as of the date set out above, and the Creditor will
remise, release and forever discharge the Company and its directors, officers
and employees from any and all obligations relating to this US$84,656.72 Debt
3.3 The Company and the Creditor shall execute such further assurances and other
documents and instruments and shall do such further and other things as may be
necessary to implement and carry out the intent of this Agreement. 

- 2 - 

3.4          The
provisions herein contained constitute the entire agreement between the parties
and supersede all previous understandings, communications, representations and
agreements, whether written or verbal, between the parties with respect to the
subject matter of this Agreement. 

3.5          This
Agreement shall be governed by and construed in accordance with the laws of the
United States. 3.6 All dollar amounts referred to in this Agreement have been
expressed in United States currency, unless otherwise indicated. 

3.7          This
Agreement shall enure to the benefit of and be binding upon each of the parties
and their respective heirs, executors, administrators, successors and assigns,
as the case may be. 

IN WITNESS WHEREOF the parties hereto have executed these
present on the day and year first above written. 

	 SIGNED, SEALED and DELIVERED by 	) 
	 0743608 BC LTD in the presence
      of: 	) 
	  	) 
	  	) 
	                                                            
      	) 
	Signature 	) 
	  	) 
	                                                            
      	)                                                                  
      
	Address 	) CHRIS BUNKA, PRESIDENT OF 
	  	            
      0743608 BC LTD 
	                                                             
    	) 
	Occupation 	) 
	  	) 
		
	 	 
	 ENERTOPIA CORP. 	) 
	  	) 
	  	) 
	                                                              
    	) 
	 Authorized Signatory 	) 
		) 
	                                                              
    	)   
	 Authorized Signatory 	)  
	  	  
	  	  
	  	  
	 Please provide the following
      information: 	  
	  	  
	  	  
	                 
      250-765
      6424                     
      	                bossbunka@gmail.com                
	 Creditor's telephone number 	   Creditor's e-mail addressEnertopia Corp.: Exhibit 10.3 - Filed by newsfilecorp.com

DEBT SETTLEMENT AGREEMENT 

THIS AGREEMENT dated for reference the 27th day of
April, 2011. 

BETWEEN: 

ENERTOPIA CORP., a company duly
incorporated under the laws 
of the Stat of Nevada and having an office at
Suite 950 - 1130 West 
Pender Street, Vancouver, BC, V6C 4A4 Ph 604-602-1625
FAX 
604-685-1602 

(the “Company”) 

OF THE FIRST PART 

AND: 

ROBERT MCALLISTER. of #205 –
171 Commercial Drive, 
Kelowna BC V1X 7W2, Ph 250 765 6422 

(the “Creditor”) 

OF THE SECOND PART 

WHEREAS: 

A.          The
Company is indebted to the Creditor in the amount of US$46,000.00 (the
“Debt”); and 

B.          The
Company wishes to settle a portion the Debt, namely US$25,000.00, by
allotting and issuing securities in the capital of the Company to the Creditor
and the Creditor is prepared to accept such securities in full satisfaction of
the Debt. The Company also wishes to settle another portion of the debt, namely
US$21,000.00 with NIL additional consideration. 

NOW THEREFORE WITNESSETH that in consideration of the premises
and of the covenants and agreements set out herein, the parties hereto covenant
and agree as follows: 

1.         
ACKNOWLEDGMENT OF DEBT 

1.1          The
Company acknowledges and agrees that it is indebted to the Creditor in the
amount of the Debt. 

2.          ALLOTMENT
AND ISSUANCE OF SECURITIES 

2.1          The
Company agrees to allot and issue to the Creditor 100,000 shares in the
capital of the Company (the “Shares”) at a deemed price of US$0.25 per
Share for each US$0.25 of indebtedness as full and final payment of $25,000.00
worth of Debt, and the Creditor agrees to accept the Shares and NIL additional
compensation as full and final payment of the $46,000.00 Debt. 

2.2          The
Creditor hereby agrees that, upon delivery of the Shares by the Company in
accordance with the provisions of this Agreement, that all $46,000 of the Debt
will be fully satisfied and extinguished effective as of the date set out above,
and the Creditor will remise, release and forever discharge the Company and its
directors, officers and employees from any and all obligations relating to the
entire $46,000 Debt. 

3.         
REGULATORY RESTRICTIONS 

3.1          The
Creditor acknowledges to the Company that: 

	 	(a) 	
      the Company is relying on exemptions from the
      registration requirements of the U.S. Securities Act of 1933. The
      shares have not been registered under the U.S. Securities Act of 1933
      and may not be offered or sold in the United States or to U.S. persons
      unless registered under such Act or an exemption from the registration
      requirements of such act, as available.

- 2 - 

	 	(b) 	
      the Creditor will be the beneficial owner of the
      Shares;

	 	 	 
	 	(c) 	
      the Shares are not being acquired as a result of any
      material information that has not been generally disclosed to the
      public;

	 	 	 
	 	(d) 	
      The Creditor acknowledges and agrees that the Shares are
      being issued pursuant to the exemptions provided for in Sections 2.5
      (Family, friends and business associates) and/or 2.24 (Employee,
      executive officer, director and consultant) of National Instrument
      45-106 –

	 	 	 
	 		
      Prospectus and Registration; and

	 	 	 
	 	(e) 	
      the Creditor will seek its own independent legal advice
      as to any restrictions imposed by the U.S. Securities Act of 1933
      on the Creditor respecting disposition of the Shares.

	 	 	 
	 	(f) 	
      the Shares to be issued in satisfaction of the debt will
      be subject to the following legend:

	 	 	 
	 		
      “The securities evidenced by this certificate have not
      been registered under the United States Securities Act of 1933, as
      amended, or any applicable U.S. State securities law, and no interest
      therein may be sold, distributed, assigned, offered, pledged or otherwise
      transferred or disposed of unless (a) there is an effective registration
      statement under such act and applicable United States State securities
      laws covering any such transaction involving said securities, or (b) this
      corporation receives an opinion of legal counsel for the holder of these
      securities (concurred in by legal counsel for this corporation) stating
      that such transaction is exempt from registration, or (c) this corporation
      otherwise satisfies itself that such transaction is exempt from
      registration.

	 	 	 
	 		
      UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE
      HOLDER OF THE SECURITIES SHALL NOT TRADE THE SECURITIES BEFORE August 28,
      2011.”

4.          GENERAL
PROVISIONS 

4.1          Time
shall be of the essence of this Agreement. 

4.2          The
Company and the Creditor shall execute such further assurances and other
documents and instruments and shall do such further and other things as may be
necessary to implement and carry out the intent of this Agreement. 

4.3          The
provisions herein contained constitute the entire agreement between the parties
and supersede all previous understandings, communications, representations and
agreements, whether written or verbal, between the parties with respect to the
subject matter of this Agreement. 

4.4          This
Agreement shall be governed by and construed in accordance with the laws of the
United States. 4.5 All dollar amounts referred to in this Agreement have been
expressed in United States currency, unless otherwise indicated. 

4.6          This
Agreement shall enure to the benefit of and be binding upon each of the parties
and their respective heirs, executors, administrators, successors and assigns,
as the case may be. 

IN WITNESS WHEREOF the parties hereto have executed these
present on the day and year first above written. 

	 SIGNED, SEALED and DELIVERED by 	) 
	 ROBERT MCALLISTER in the presence of: 	) 
	  	) 
	  	) 
	                                                                       
    	) 
	Signature 	) 
	  	) 
	
                                                                           	)                                                                      
	Address  	         ROBERT MCALLISTER 
	 	) 
	
                                                                         	)
	Occupation 	)     

- 3 - 

		
	 ENERTOPIA CORP. 	) 
	  	) 
	  	) 
	                                                                       
    	) 
	 Authorized Signatory 	) 
		)
	                                                                        	)   
	 Authorized Signatory 	  

Please provide the following information:

	                     250-765
      6422                  
      	               kameo300@gmail.com                  
	Creditor's telephone number 	Creditor's e-mail address

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