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Enertopia Corp.: Exhibit 10.1 - Filed by newsfilecorp.com

Exhibit 10.1

AMI PARTICIPATION AGREEMENT 

THIS AGREEMENT made effective as of the 17 day of
September, 2013 

BETWEEN: 

Downhole Energy LLC., a Limited
Liability Company with its executive office at 1101 Ridge Rd. Suite 110, Office
Box 10 , Rockwall, TX 75087 (the "Vendor") 

OF THE FIRST PART 

AND: 

Enertopia Corporation, a
company with an office at Suite 950 1130 West Pender, Vancouver, BC, V6E 4A4
Canada (the "Company") 

OF THE SECOND PART 

WHEREAS: 

A. The Vendor entered in to a letter of intent with the Company
dated July 19, 2013 (the “LOI”), pursuant to which the Company can participate
in an undivided 100% gross Interest and 75% net revenue interest in right, title
in the drilling, completion and production of up to 100 oil wells on certain oil
and gas leases as set out in Schedule A (the “Downhole Property
AMI”).

B. The Properties are held directly by the Vendor through lease
option agreements with the underlying property owners. It is understood that the
Company will be earning in development wells being drilled in undeveloped well
locations in historically proven oil fields held by the Vendor. 

C. The Vendor has supplied the AFE (Authority For Expenditures
as set out in Schedule B (the “AFE”) For further clarification if the
Company drills wells on the Milford lease the AFE is $130,000 per well. For all
other leases as long as the Company drills no less than two wells per drilling
program the total cost per well is reduced to $133,000 per well to drill,
complete and tie-in to production. 

NOW THEREFORE THIS AGREEMENT WITNESSES that in
consideration of the sum of $1.00 now paid by the Company to the Vendor (the
receipt and sufficiency of which is hereby acknowledged), the parties agree as
follows:

	1. 	
      DEFINITIONS. For the purposes of this Agreement the
      following words and phrases shall have the following meanings,
    namely:

	 	 	 
		(a) 	
      "Participation" means the participation to drill up to
      100 wells an undivided 100% gross and 75% net revenue interest into right,
      title and interest in each well drilled subject to this
  agreement;

	 	 	 
		(b) 	
      "Participation Period" means the period from the date of
      this Agreement to and including the date of 100 wells being completed
      which is 4 years from the signing of this agreement or termination of this
      agreement;

	 	 	 
		(c) 	
      "Property" means the oil and gas leases located in Forest
      and Venango Counties, Pennsylvania, as more particularly set out in
      Schedule "A", hereto, including any replacement or successor oil and gas
      leases. Any reference herein to any oil leases comprising the Property
      includes any oil and gas leases or other interests into which such oil and
      gas leases may have been replaced or converted;

	 	 	 
		(d) 	
      "Property Rights" means all licenses, permits, easements,
      rights-of-way, certificates and other approvals obtained by either of the
      parties either before or after the date of this Agreement and necessary
      for the development of the proposed oil wells;

2

	 	(e) 	
      "Shares" means the common shares in the capital of the
      Company, as constituted on the date hereof, to be issued to the Vendor
      pursuant to the AMI Participation Agreement;

	2. 	
      REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE
      VENDOR.

	 	 	 	 
		(a) 	
      The Vendor represents and warrants to and covenants with
      the Company, with the knowledge that the Company relies upon same in
      entering into this Agreement, that:

	 	 	 	 
			(i) 	
      it has been duly formed and validly exists in good
      standing with respect to the filing of annual reports under the laws of
      its jurisdiction of formation;

	 	 	 	 
			(ii) 	
      no proceedings are pending for, and it is unaware of any
      basis for the institution of any proceedings leading to, its dissolution
      or winding up or being placed into bankruptcy;

	 	 	 	 
			(iii) 	
      it has all requisite power and capacity, and has duly
      obtained all requisite authorizations and performed all requisite acts, to
      enter into and perform its obligations hereunder, it has duly executed and
      delivered this Agreement and such constitutes a legal, valid and binding
      obligation of it enforceable against it in accordance with the Agreement's
      terms, and the entering into of this Agreement and the performance of its
      obligations hereunder does not and will not result in a breach of, default
      under or conflict with any of the terms and provisions of any of its
      constituting documents, any resolutions of its partners, any indenture,
      agreement or other instrument to which it is a party or by which it is
      bound or the Property may be subject, or any statute, order, judgment or
      other law or ruling of any competent authority;

	 	 	 	 
			(iv) 	
      it is legally entitled to hold the oil and gas lease
      Rights and will remain so entitled until and always to the extent such is
      required for the due transfer to the Company of its requisite interest in
      and to the oil wells it participates in pursuant to this Participation AMI
      agreement.

	 	 	 	 
			(v) 	
      subject to the Company keeping this agreement in good
      standing, it is, and at the time of each transfer to the Company of an
      interest in and to the Property pursuant to and upon the exercise of the
      Option it will be, the beneficial owner of all right, title and interest
      in and to such transferred interest, free and clear of all liens, charges,
      claims, liabilities and adverse interests of any nature or kind;

	 	 	 	 
			(vi) 	
      the oil and gas lease agreements have been duly and
      validly entered into by the Vendor pursuant to the laws of the
      jurisdiction in which such agreement is governed and is in good
      standing;

	 	 	 	 
			(vii) 	
      to the knowledge of the Vendor there are neither any
      adverse claims or challenges against, or to the ownership or title to, any
      of the oil and gas leases comprising the AMI or to the validity or
      enforceability of any of the lease agreements in respect thereof, nor to
      the knowledge of the Vendor after due inquiry is there any basis therefor,
      and there are no outstanding agreements, options or other rights and
      interests to acquire or purchase the leases or any portion thereof or any
      interest therein, and no person has any royalty or other interest
      whatsoever in the production from any of the oil leases comprising the AMI
      or otherwise except as disclosed in this Agreement;

	 	 	 	 
			(viii) 	
      to the knowledge of the Vendor it has the right to use
      the surface to the extent necessary subject to the overriding oil &
      gas laws in effect in respect of the AMI which are necessary or desirable
      to conduct the exploration and development thereof, including but not
      limited to the activities contemplated in Section 6
  hereof;

3

	 	(ix) 	
      no third party consent of any kind is required by the
      Vendor to enter into this Agreement and grant the Participation AMI
      agreement contemplated hereby;

	 	 	 
	 	(x) 	
      the Vendor has not conducted any work on the Property
      that was not in accordance with all applicable environmental laws, orders
      and rulings;

	 	 	 
	 	(xi) 	
      any Shares issued to the Vendor have not been and will
      not be registered under the United States Securities Act of 1933, as
      amended (the "1933 Act"), or any State securities laws, and may not be
      offered and sold, directly or indirectly, in the United States or by or to
      or for the account or benefit of a U.S. Person (as defined in Regulation S
      ("Regulation S") promulgated under the 1933 Act) without registration
      under the 1933 Act and any applicable State securities laws, unless an
      exemption from registration is available;

	 	 	 
	 	(xii) 	
      the Company has no present intention and is not obligated
      under any circumstances to register the Shares, or to take any other
      actions to facilitate or permit any proposed resale or transfer thereof in
      the United States or otherwise by or to or for the account or benefit of a
      U.S. Person, and in particular, the Vendor and the Company further
      acknowledge and agree that the Company is hereby required to refuse to
      register any transfer of the Securities not made in accordance with the
      provisions of Regulation S, pursuant to registration under the 1933 Act,
      or pursuant to an available exemption from registration;

	 	 	 
	 	(xiii) 	
      in the event that any of the Shares are subject to a hold
      period or any other restrictions on resale and transferability, the
      Company will place a legend on the certificates representing the
      Securities as are required under Securities Act (British Columbia),
      the Canadian National Stock Exchange or as otherwise required by
      applicable regulatory authorities;

	 	 	 
	 	(xiv) 	
      the Vendor acknowledges and agrees that the Shares will
      be issued pursuant to pursuant to exemptions (the "Exemptions")
      from the registration and prospectus requirements of applicable securities
      laws. The Shares will be subject to a number of resale restrictions,
      including a restriction on trading. Until the restriction on trading
      expires, the Vendor will not be able to trade the Shares unless the Vendor
      complies with an exemption from the prospectus and registration
      requirements under applicable securities laws. The Vendor acknowledges and
      agrees that the Vendor will be receiving the Shares as Principal and that
      the Shares are being issued pursuant to the Exemption provided for in
      Section 2.13 (Petroleum, Natural Gas and Mining Properties) of
      National Instrument 45-106 – Prospectus and Registration
      Exemptions.

	 	(b) 	
      The representations and warranties contained in this
      section are provided for the exclusive benefit of the Company, and a
      breach of any one or more thereof may be waived by the Company in whole or
      in part at any time without prejudice to its rights in respect of any
      other breach of the same or any other representation or warranty, and the
      representations and warranties contained in this section shall survive the
      execution and performance of this Agreement and of any transfers,
      assignments, deeds or further documents or acts of the parties respecting
      the Property.

	3. 	
      REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE
      COMPANY.

	 	 	 
		(a) 	
      The Company represents and warrants to and covenants with
      the Vendor, with the knowledge that the Vendor relies upon same in
      entering into this Agreement, that:

4

	 	(i) 	
      it has been duly incorporated, amalgamated or continued
      and validly exists as a corporation in good standing with respect to the
      filing of annual reports under the laws of its jurisdiction of
      incorporation, amalgamation or continuation;

	 	 	 
	 	(ii) 	
      no proceedings are pending for, and it is unaware of any
      basis for the institution of any proceedings leading to, its dissolution
      or winding up or being placed into bankruptcy or subject to any other laws
      governing the affairs of insolvent corporations;

	 	 	 
	 	(iii) 	
      it has all requisite corporate power and capacity, and
      has duly obtained all requisite corporate authorizations and performed all
      requisite corporate acts, to enter into and perform its obligations
      hereunder, it has duly executed and delivered this Agreement and such
      constitutes a legal, valid and binding obligation of it enforceable
      against it in accordance with the Agreement's terms, and the entering into
      of this Agreement and the performance of its obligations hereunder does
      not and will not result in a breach of, default under or conflict with any
      of the terms and provisions of any of its constituting documents, any
      resolutions of its shareholders or directors, any indenture, agreement or
      other instrument to which it is a party or by which it is bound or the AMI
      may be subject, or any statute, order, judgment or other law or ruling of
      any competent authority applicable to it; and

	 	 	 
	 	(iv) 	
      it is lawfully authorized to hold any real property under
      the laws of the jurisdiction in which the Property is
  situate.

	 	(b) 	
      The representations and warranties contained in this
      section are provided for the exclusive benefit of the Vendor, and a breach
      of any one or more thereof may be waived by the Vendor in whole or in part
      at any time without prejudice to its rights in respect of any other breach
      of the same or any other representation or warranty, and the
      representations and warranties contained in this section shall survive the
      execution hereof.

	4. 	
      GRANT AND EXERCISE OF PARTICIPATION AMI
  AGREEMENT.

	 	 	 	 
		(a) 	
      The Vendor hereby grants to the Company the Participation
      right to acquire up to an undivided 100% gross, 75% net revenue interest
      to the Vendor’s right, title and interest in and to the 100 wells the
      Company funds, free and clear of all charges, encumbrances, claims,
      liabilities and adverse interests of any nature or kind.

	 	 	 	 
		(b) 	
      The Participation right shall be in good standing and
      exercisable by the Company by paying the following amounts on or before
      the dates specified in the following schedule:

	 	 	 	 
			(i) 	
      Issuing to the Vendor 100,000 common shares in the
      capital stock of the Company as soon as practicable following the
      execution of this Agreement,

	 	 	 	 
			(ii) 	
      Drilling up to 10 wells in year one and issuing 10,000
      common shares per producing well after 60 days of commercial production on
      or before the first anniversary of this Agreement,

	 	 	 	 
			(iii) 	
      Drilling up to 20 wells in year two and issuing 10,000
      common shares per producing well after 60 days of commercial production on
      or before the second anniversary of this Agreement,

	 	 	 	 
			(iv) 	
      Drilling up to 30 wells in year three and issuing 10,000
      common shares per producing well after 60 days of commercial production on
      or before the third anniversary of this Agreement,
and

5

	 	(v) 	
      Drilling up to 40 wells in year four and issuing 10,000
      common shares per producing well after 60 days of commercial production on
      or before the fourth anniversary of this
Agreement.

	 	(c) 	
      The Vendor acknowledges and agrees that the Shares will
      be subject to hold periods and restrictions on resale in accordance with
      applicable securities laws.

	 	 	 
	 	(d) 	
      All payments made pursuant to Section 4(b) shall be made
      and delivered to as the Vendor may instruct.

	 	 	 
	 	(e) 	
      Excess wells drilled in any one year will count against
      the future years well drilling commitment

	5. 	
      CLOSING, POSSESSION, AND NO ADJUSTMENTS

	 	 	 
		(a) 	
      The Closing will take place on September 17, 2013 at
      4:00PM (PST), on the Closing Date at the offices of Enertopia Corp, or at
      such other place, date, and time as may be mutually agreed upon by the
      parties hereto.

	 	 	 
		(b) 	
      The Vendors hereby deliver the Participation and Property
      Rights contemplated within this Agreement, free of any other claim to
      possession and any tenancies, to the Purchasers on the Closing
  Date.

	 	 	 
		(c) 	
      Upon Closing and the execution of this Agreement by both
      the Vendor and the Company, two (2) executed copies of this Agreement (or
      counterparts thereof) substituting original signature pages as required
      are to be executed with original signatures on each, and one fully
      executed copy shale be provided to each of the Vendor and the
    Company.

	 	 	 
		(d) 	
      The Company, within 5 business days of the Closing, shall
      deliver or cause to be delivered to the Vendor the share payment noted in
      Section 4.(b)(1) of 100,000 common shares of Company
  stock.

(i) 

	6. 	
      RIGHT OF ENTRY. Throughout the Participation Period, the
      Company and its directors, officers, employees, servants, agents and
      independent contractors, shall have the right in respect of the Property
      to:

	 	 	 
		(a) 	
      enter thereon;

	 	 	 
		(b) 	
      do such evaluation, monitoring, investigation and other
      work thereon and thereunder as the Company in its discretion with the
      operator and vendor that may be advisable;

	 	 	 
	7. 	
      OBLIGATIONS OF THE COMPANY DURING PARTICIPATION PERIOD.
      During the Participation Period, the Company shall:

	 	 	 
		(a) 	
      keep the Agreement in good standing during the
      Participation Period as per clause 4 (b);

	 	 	 
		(b) 	
      permit the partners, employees and designated consultants
      of the Vendor, at their own risk and expense, access to the Property at
      all times, and the Vendor agrees to indemnify the Company against and to
      save it harmless from all costs, claims, liabilities and expenses that the
      Company may incur or suffer as a result of any injury (including injury
      causing death) to any partner, employee or designated consultant of the
      Vendor while on the Property;

	 	 	 
		(c) 	
      do all work on the Property in a good and workmanlike
      fashion and in accordance with all applicable laws, regulations, orders
      and ordinances of any governmental authority;

6

	 	(d) 	
      indemnify and save the Vendor harmless in respect of any
      and all costs, claims, liabilities and expenses arising out of the Company
      activities on the Property, but the Company shall incur no obligation
      hereunder in respect of any such costs, claims, liabilities and expenses
      arising or damages suffered after termination of the Participation period
      if upon termination of the Participation period any workings on or
      improvements to the Property made by the Company are left in a safe
      condition and in full compliance with requirements of all environmental
      laws and regulations;

	 	 	 
	 	(e) 	
      permit the Vendor, at its own expense, access to the
      Property as long as this agreement is in effect;

	 	 	 
	 	(f) 	
      deliver to the Vendor, forthwith upon receipt thereof,
      copies of all reports, maps, and other technical data compiled by or
      prepared at the direction of the Company with respect to the oil and gas
      Leases.

The Vendor acknowledges and agrees that
all technical and other information concerning the Property provided by the
Company to it, directly or indirectly, shall be treated as confidential
information, and it shall not copy, transmit or otherwise disclose, disseminate
or use such information, including but not limited to use in violation of
insider trading and other provisions of applicable securities laws, without the
express written consent of the Company, except for information news released or
made public in another manner by the Company prior to release by the Vendor.

	8. 	
      TERMINATION OF PARTICIPATION AGREEMENT.

	 	 	 	 
		(a) 	
      The Participation Agreement shall terminate:

	 	 	 	 
			(i) 	
      subject to paragraph 14 hereof, upon the Company failing
      to drill the minimum number of wells or issuance of Shares which must be
      made or issued in exercise of the Participation Agreement in any calendar
      year;

	 	 	 	 
			(ii) 	
      subject to paragraph 14 hereof, upon the Company failing
      to remedy a default as provided therein; or

	 	 	 	 
			(iii) 	
      at any other time, by the Company giving a minimum of
      ninety (90) days notice of such termination to the Vendor.

	 	 	 	 
		(b) 	
      If the Participation Agreement is terminated otherwise
      than upon the completion of the 100 well program thereof, the Company
      shall:

	 	 	 	 
			(i) 	
      deliver or make available at no cost to the Vendor,
      within 90 days of such termination, all copies of all reports, maps, and
      other relevant technical data compiled by, prepared at the direction of,
      or in the possession of the Company with respect to the Property and not
      theretofore furnished or made available to the Vendor;

	 	 	 	 
			(ii) 	
      reclaim the Property in accordance with the requirements
      of all applicable environmental laws and regulations, but only to the
      extent that such requirements result from the Company’s activities on the
      Property hereunder.

	 	 	 	 
		(c) 	
      If the Participation Agreement is terminated otherwise
      than upon the completion of the 100 wells, the Company retains its 100%
      gross interest and 75% net revenue interest to the right, title and
      interest in each well the Company has funded, the Company shall have the
      right, within a period of 180 days following the end of the AMI
      Participation Agreement, to remove from the Property all buildings, plant,
      equipment, machinery, tools, appliances and supplies which have been
      brought upon the Property by or on behalf of the Company, and any such
      property not removed within such 180 day period shall thereafter become
      the property of the Vendor.

7

	9. 	
      POWER TO CHARGE PROPERTY. The Vendor shall not grant or
      permit to exist any liens, charges or mortgages (collectively referred to
      as an "encumbrance") upon the wells funded by the Company or any portion
      thereof. At any time after the Company has funded a well , in whole or in
      part, the Company may grant encumbrances upon its 100% and 75% net
      interest, to secure financing for the development of the Property, always
      provided that, unless otherwise agreed to by the Vendor, it shall be a
      term of each encumbrance that the encumbrancee or other person acquiring
      title to the Property upon enforcement of the encumbrance shall hold the
      same subject to the Royalty as if the encumbrancee or such other person
      had executed this Agreement.

	 	 	 
	10. 	
      TRANSFERS. The Company may at any time either during the
      Participation Period or thereafter, sell, transfer or otherwise dispose of
      all or any portion of its interest in and to the wells it has participated
      in and this Agreement provided that any purchaser, transferee or recipient
      of any such interest shall have first delivered to the Vendor a written
      agreement to be bound by the terms of this Agreement.

	 	 	 
	11. 	
      FORCE MAJEURE.

	 	 	 
		(a) 	
      If the Company is at any time either during the
      Participation Period or thereafter prevented or delayed in complying with
      any provisions of this Agreement by reason of strikes, lock-outs, labour
      shortages, power shortages, fuel shortages, fires, wars, acts of God,
      governmental regulations restricting normal operations, shipping delays or
      any other reason or reasons, other than lack of funds, beyond the control
      of the Company, the time limited for the performance by the Company of its
      obligations hereunder shall be extended by a period of time equal in
      length to the period of each such prevention or delay except where in
      violation of the underlying agreements, but nothing herein shall discharge
      the Company from its obligations hereunder to maintain the option in good
      standing;

	 	 	 
		(b) 	
      The Company shall give prompt notice to the Vendor of
      each event of force majeure and upon cessation of such event shall furnish
      to the Vendor with notice to that effect together with particulars of the
      number of days by which the obligations of the Company hereunder have been
      extended by virtue of such event of force majeure and all preceding events
      of force majeure.

	 	 	 
	12. 	
      CONFIDENTIAL INFORMATION. No information furnished by the
      Company to the Vendor hereunder in respect of the activities carried out
      on the Property by the Company, or related to the sale of oil or other
      product derived from the Property, shall be published or disclosed by the
      Vendor without the prior written consent of the Company, but such consent
      in respect of the reporting of factual data shall not be unreasonably
      withheld, and shall not be withheld in respect of information required to
      be publicly disclosed pursuant to applicable securities or corporation
      laws, regulations or policies. Where such information has been news
      released or put into the public domain in some other manner by the Company
      no such approval is necessary either prior to or following disclosure by
      the Vendor.

	 	 	 
	13. 	
      ARBITRATION.

	 	 	 
		(a) 	
      All questions or matters in dispute under this Agreement
      shall be submitted to arbitration pursuant to the terms hereof.

	 	 	 
		(b) 	
      It shall be a condition precedent to the right of any
      party to submit any matter to arbitration pursuant to the provisions
      hereof, that any party intending to refer any matter to arbitration shall
      have given not less than 30 days' prior notice of its intention to do so
      to the other party, together with particulars of the matter in dispute. On
      the expiration of such 30 days, the party who gave such notice may proceed
      to refer the dispute to arbitration as provided in paragraph
(c).

	 	 	 
		(c) 	
      The party desiring arbitration shall appoint one
      arbitrator, and shall notify the other party of such appointment, and the
      other party shall, within 30 days after receiving such notice, either
      consent to the appointment of such arbitrator which shall then carry out
      the arbitration or appoint an arbitrator, and the two arbitrators so
      named, before proceeding to act, shall, within 30 days of the appointment
      of the last appointed arbitrator, unanimously agree on the appointment of
      a third arbitrator to act with them and be chairman of the arbitration
      herein provided for. If the other party shall fail to appoint an arbitrator
within 30 days after receiving notice of the appointment of the first
arbitrator, the first arbitrator shall be the only arbitrator. If the two
arbitrators appointed by the parties shall be unable to agree on the appointment
of the chairman, the chairman shall be appointed under the provisions of the
Commercial Arbitration Act of British Columbia. Except as specifically
otherwise provided in this section, the arbitration herein provided for shall be
conducted in accordance with such Act. The chairman, or in the case where only
one arbitrator is appointed, the single arbitrator, shall fix a time and place
in Vancouver, British Columbia, for the purpose of hearing the evidence and
representations of the parties, and he shall preside over the arbitration and
determine all questions of procedure not provided for under such Act or this
section. After hearing any evidence and representations that the parties may
submit, the single arbitrator, or the arbitrators, as the case may be, shall
make an award and reduce the same to writing, and deliver one copy thereof to
each of the parties. The expense of the arbitration shall be paid as specified
in the award. 

8

	 	(d) 	
      The parties agree that the award of a majority of the
      arbitrators, or in the case of a single arbitrator, of such arbitrator,
      shall be final and binding upon each of them.

	14. 	
      DEFAULT. If at any time during the Participation Period,
      the Company is in default of any material provision in this Agreement, the
      Vendor may terminate this Agreement, but only if:

	 	 	 
		(a) 	
      it shall have first given to the Company a notice of
      default containing particulars of the obligation which the Company has not
      performed, or the warranty breached; and

	 	 	 
		(b) 	
      the Company has not, within 60 days following delivery of
      such notice of default, cured such default or commenced proceedings to
      cure such default by appropriate payment or performance, the Company
      hereby agreeing that should it so commence to cure any default it will
      prosecute the same to completion without undue delay.

	 	 	 
			
      Should the Company fail to comply with the provision of
      subparagraph (b), the Vendor may thereafter terminate this Agreement by
      giving notice thereof to the Company, always provided that the default in
      question has not been cured or substantially cured at the time of the
      Company giving such notice of termination.

	 	 	 
	15. 	
      NOTICES. Each notice, demand or other communication
      required or permitted to be given under this Agreement shall be in writing
      and shall be delivered or telecopied to such party at the address for such
      party specified above. The date of receipt of such notice, demand or other
      communication shall be the date of delivery thereof if delivered or, if
      given by telecopier (with electronic confirmed receipt), shall be deemed
      conclusively to be the next business day. Either party may at any time and
      from time to time notify the other party in writing of a change of address
      and the new address to which notice shall be given to it thereafter until
      further change.

	 	 	 
	16. 	
      GENERAL.

	 	 	 
		(a) 	
      This Agreement shall supersede and replace any other
      agreement or arrangement, whether oral or written, heretofore existing
      between the parties in respect of the subject matter of this
    Agreement.

	 	 	 
		(b) 	
      No consent or waiver expressed or implied by either party
      in respect of any breach or default by the other in the performance by
      such other of its obligations hereunder shall be deemed or construed to be
      a consent to or a waiver of any other breach or default.

	 	 	 
		(c) 	
      The parties shall promptly execute or cause to be
      executed all documents, deeds, conveyances and other instruments of
      further assurance and do such further and other acts which may be
      reasonably necessary or advisable to carry out fully the intent of this
      Agreement or to record wherever appropriate the respective interest from
      time to time of the parties in the Property.

	 	 	 
		(d) 	
      This Agreement shall enure to the benefit of and be
      binding upon the parties and their respective successors and permitted
      assigns.

9

	 	(e) 	
      This Agreement shall be governed by and construed in
      accordance with the laws of British Columbia.

	 	 	 
	 	(f) 	
      Time shall be of the essence in this Agreement.

	 	 	 
	 	(g) 	
      Wherever the neuter and singular is used in this
      Agreement it shall be deemed to include the plural, masculine and
      feminine, as the case may be.

IN WITNESS WHEREOF the parties hereto have executed this
Agreement as of the day and year first above written. 

SIGNED AND DELIVERED BY
Downhole Energy, LLC 

Per: 

_______________________________
Authorized Signatory 

SIGNED AND DELIVERED BY
Enertopia Corporation

Per: 

_______________________________
Authorized Signatory 

SCHEDULE "A" 

DOWNHOLE DRILLING AMI 

	  	  	  	POTENTIAL WELL 
	LEASE NAME 	COUNTY 	ACERAGE 	LOCATIONS 
	COPELAND 	FOREST,PA 	105 	20 
	FOGAL FARM 	FOREST,PA 	117 	17 
	GORMAN 	FOREST,PA 	34 	5 
	MILFORD 	FOREST,PA 	250 	18 
	MILLER 	FOREST,PA 	100 	3 
	MONROSE 	FOREST,PA 	256 	50 
	RENSA 	FOREST,PA 	60 	10 
	OAK HILLS 	VENANGO,PA 	600 	150 
	SCOTT 	VENANGO,PA 	52 	12 
	SCOTT 2 	VENANGO,PA 	600 	150 
	SPEERSTRA 	VENANGO,PA 	250 	50 
	RENO 	VENANGO,PA 	220 	32 
	WRIGHT 	VENANGO,PA 	280 	90 

2

SCHEDULE "B" 

AUTHORITY FOR EXPENDENTURE (Example) 

	Town: 	  
	Well Name: 	  
	County/ State: 	  
	DESCRIPTION 	TOTAL WELL 
	INTANGIBLES: 	  
	Contract Drilling 	$23,400.00 
	Day Work/ Rig Time 	$1,400.00 
	Stake/ Survey/ Permits 	$1,500.00 
	Surface Damage/ Water 	$1,500.00 
	Build Location/ Pits 	$4,850.00 
	Restore Location 	$3,500.00 
	Open Hole Logs 	$2,500.00 
	Weld Surface Casing/ Well Head 	$650.00 
	Casing/ Drive Pipe 	$6,200.00 
	Cement Casing 	$2,800.00 
	Perforating/ Notching 	$1,750.00 
	Frac Tank/ Packer 	$1,200.00 
	Water 	$1,250.00 
	Wellsite Geology 	$500.00 
	O/S Administrative/ Drilling 	$2,500.00 
	Contract Hauling 	$600.00 
	Casing Crew/ Tongs 	$1,680.00 
	Complition Unit 	$8,500.00 
	Frac & Acid Treatment 	$22,500.00 
	Roustabout Labor 	$5,000.00 
	O/S Administrative/ Completion 	$2,500.00 
	Gravel/ Pads/ Roads 	$4,000.00 
	Trucking/ Water Hauling 	$1,500.00 
	Legal/ Increased Density 	$4,900.00 
	Well Location Fee's 	$10,000.00 
	Misc. Incidnetals/ Contingensies 	$3,000.00 
	TOTAL INTANGIBLES: 	$119,680.00

	TANGIBLES: 	  
	Tubing/ 2 3/8" 	$3,220.00 
	Rods 	$2,200.00 
	Braden Head 	$500.00 
	Tubing Head 	$500.00 
	Stock Tanks - 210 	$4,300.00 
	Water Tank 	$1,300.00 
	Pumping Unit 	$2,300.00 
	Electric Motor/ Panel Box 	$800.00 
	Flowline/ T & B 	$3,700.00 
	Misc. Connections/ Valves/ Etc 	$700.00 
	Electric Line/ Reda Cable 	$800.00 
	TOTAL TANGIBLES 	$20,320.00 
	TOTAL WELL COST/ TURNKEY 	$140,000.00China Gengsheng Minerals, Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

Exhibit 10.1

EMPLOYMENT AGREEMENT 

THIS AGREEMENT is dated as of the 16th day of September, 2013
by and between China Gengsheng Minerals, Inc., a Nevada corporation with its
principal office at 88 Gengsheng Road, Dayugou Town, Gongyi, Henan,
People’s Republic of China (the “Company”), and Weina Zhang, residing at
Dihu Garden, Zhengzhou City, Henan, People’s Republic of China (“Executive”).

W I T N E S S E T H: 

WHEREAS, the Company is desirous of engaging Weina Zhang as its
interim Chief Financial Officer and she is agreeable to being so appointed on
the terms and conditions hereinafter set forth. 

NOW, THEREFORE, in consideration of the mutual promises set
forth in this Agreement, the parties agree as follows: 

1. Effective Date of Agreement. This Agreement and the
obligations of the parties to adhere to the terms and conditions contained
herein shall be deemed effective immediately on the date of this Agreement, i.e.
16th day of September 2013. 

2. Employment and Duties. 

(a) Subject to the terms and conditions hereinafter set forth,
the Company hereby employs Weina Zhang as its interim Chief Financial Officer,
and she shall have the duties and responsibilities associated with a Chief
Financial Officer of a public corporation. During the Term, as hereinafter
defined, Executive shall report to the Company’s Chief Executive Officer and the
audit committee of the board of directors. Executive shall also perform such
other duties and responsibilities as may be determined by the Company’s board of
directors, audit committee and Chief Executive Officer, as long as such duties
and responsibilities are consistent with those of the Company’s Chief Financial
Officer.

(b) Executive shall also serve in such executive capacity or
capacities with respect to any affiliate of the Company to which she may be
elected or appointed, provided that such duties are consistent with those of the
Company’s Chief Financial Officer. During the Term, Executive shall receive no
additional compensation for services rendered pursuant to this Section 2(b). For
purposes of this Agreement, the term “affiliate” shall mean an entity that is
controlled by the Company. 

(c) Unless terminated earlier as provided in Section 6 of this
Agreement, this Agreement shall have a term (the “Term”) commencing as of
September 16, 2013 and expiring on the date when a suitable candidate for Chief
Financial Officer has been qualified and selected unless terminated by either
party on not less than thirty (30) days notice prior to the expiration of the
Term.

3. Performance. Executive hereby accepts the employment
contemplated by this Agreement. During the Term, she shall devote all of her
business time to the performance of her duties under this Agreement, and shall
perform such duties diligently, in good faith and in a manner consistent with
the best interests of the Company. 

4. Compensation and Other Benefits. 

For her services to the Company during the Term, the Company
shall pay Executive an annual salary (“Salary”) at the rate of RMB 70,000 (say
RMB Yuan Seventy Thousand only) per annum. 

All Salary payments shall be payable in equal monthly
installments at the end of each calendar month, as the Company regularly pays
its employees in accordance with normal payroll practices. 

5. Reimbursement of Expenses. The Company shall
reimburse Executive, upon presentation of proper expense statements, for all
authorized, ordinary and necessary out-of-pocket expenses reasonably incurred by
Executive during the Term in connection with the performance of her services
pursuant to this Agreement hereunder in accordance with the Company’s expense
reimbursement policy.

6. Termination of Employment. 

(a) This Agreement and Executive’s employment hereunder shall
terminate immediately upon her death. 

(b) This Agreement and Executive’s employment pursuant to this
Agreement, may be terminated by her or the Company on not less than thirty (30)
days’ written notice in the event of Executive’s Disability. The term
“Disability” shall mean any illness, disability or incapacity of Executive which
prevents her from substantially performing her regular duties for a period of
two (2) consecutive months or three (3) months, even though not consecutive, in
any twelve (12) month period. However, if Executive is covered by long-term
disability insurance, the Company may not terminate this Agreement pursuant to
this Section 6(b) unless she is eligible for disability payments under her
long-term disability insurance. 

(c) The Company may terminate this Agreement and Executive’s
employment pursuant to this Agreement for cause with no notice. The term “cause”
shall mean: 

(i) Repeated failure to perform material instructions from the
Company’s board of directors, Chief Executive Office or audit committee,
provided that such instructions are reasonable and consistent with her duties as
set forth in Section 2 of this Agreement or any other failure or refusal by
Executive to perform her duties required by said Section 2; provided, however,
that Executive shall have received notice from the Board specifying the nature
of such failure in reasonable detail and she shall have failed to cure the
failure within ten (10) business days after receipt of such notice: 

(ii) a breach of Section 7, 8 or 9 of this Agreement and
material breach of other provisions of this Agreement; 

(iii) a breach of trust whereby Executive obtains personal gain
or benefit at the expense of or to the detriment of the Company; 

(iv) her use of illegal substances; 

(v) her abuse of alcohol continuing after written notice from
the board of directors or the Company’s Chief Executive Officer or ; 

(vi) any fraudulent or dishonest conduct by Executive or any
other conduct by her, which damages the Company or any of its affiliates or
their property, business or reputation; 

(vii) a conviction of or plea of nolo contendere by Executive
of (A) any felony or (B) any other crime involving fraud, theft, embezzlement or
use or possession of illegal substances; or 

(viii) the admission by Executive of any matters set forth in
Section 6(c)(vii) of this Agreement. 

(ix) failure to ensure that the Company’s filings with the
Securities and Exchange Commission are on time; 

(x) failure to ensure the accuracy of Company’s filings with
the Securities and Exchange Commission. 

In the case of termination under this sub-section 6(c), the
Company shall have no further obligation or liability to Executive except to pay
Executive her base salary earned through the date of termination, minus
applicable taxes and withholdings. 

(e) Executive’s resignation prior to the expiration of
the Term, other than for Good Reason shall be treated in the same manner as a
termination for cause. The term “Good Reason” shall mean: 

(i) Any material breach by the Company of its obligations under
this Agreement which are not cured within ten (10) business days after notice
from Executive which sets forth in reasonable detail the nature of the breach.

(ii) Any change in Executive’s duties such that Executive is no
longer the Company’s Chief Financial Officer, unless such change was made with
her consent. 

(iii) Any action on the part of the Company which significantly
impairs Executive’s ability to exercise her duties as the Company’s Chief
Financial Officer. 

7. Trade Secrets and Proprietary Information. Executive
recognizes and acknowledges that the Company, through the expenditure of
considerable time and money, has developed and will continue to develop in the
future information concerning customers, clients, marketing, products, services,
business, research and development activities and operational methods of the
Company and its customers or clients, contracts, financial or other data,
technical data or any other confidential or proprietary information possessed,
owned or used by the Company, the disclosure of which could or does have a
material adverse effect on the Company, its business, any business it proposes
to engage in, its operations, financial condition or prospects and that the same
are confidential and proprietary and considered confidential information of the
Company for the purposes of this Agreement. In consideration of her employment
and engagement as Chief Financial Officer, Executive agrees that she will not,
during or after the Term, without the written consent of the Company’s Chief
Executive Officer, make any disclosure of confidential information now or
hereafter possessed by the Company, to any person, partnership, corporation or
entity either during or after the term here of, except that nothing in this
Agreement shall be construed to prohibit her from using or disclosing such
information (a) if such disclosure is necessary in the normal course of the
Company’s business in accordance with Company policies or instructions or
authorization from the board of directors or executive committee, (b) such
information shall become public knowledge other than by or as a result of
disclosure by a person not having a right to make such disclosure, (c) complying
with legal process; provided, that in the event she is required to make
disclosure pursuant to legal process, she shall give the Company prompt notice
thereof and the opportunity to object to the disclosure, or (d) subsequent to
the Term, if such information shall have been disclosed to her as a matter of
right by a person not subject to a confidentiality agreement with or other
obligation of confidentiality to the Company. For the purposes of Sections 7, 8
and 9 of this Agreement, the term “Company” shall include the Company, its
parent, its subsidiaries and its affiliates. Executive agrees that, upon
termination of her employment with the Company for any reason or otherwise upon
request by the Company, she will promptly return to the Company all Confidential
Information within her possession or control, including all copies of such
Confidential Information, all abstracts of such Confidential Information and any
other information containing such Confidential Information in whole or in part.

8. Covenant Not To Solicit or Compete. 

(a) During the period from the date of this Agreement until (2)
years following the date on which Executive’s employment is terminated, she will
not, directly or indirectly: 

(i) Persuade or attempt to persuade any person or entity which
is or was a customer, client or supplier of the Company to cease doing business
with the Company, or to reduce the amount of business it does with the
Company (the terms “customer” and “client” as used in this Section 8 to include
any potential customer or client to whom the Company submitted bids or
proposals, or with whom the Company conducted negotiations, during the term of
Executive’s employment hereunder or during the twelve (12) months preceding the
termination of her employment); 

(ii) solicit for herself or any other person or entity other
than the Company the business of any person or entity which is a customer or
client of the Company, or was a customer or client of the Company within one (1)
year prior to the termination of her employment; or 

(iii) persuade or attempt to persuade any employee of the
Company, or any individual who was an employee of the Company during the one (1)
year period prior to the lawful and proper termination of this Agreement, to
leave the Company’s employ, or to become employed by any person or entity other
than the Company. 

(b) Executive acknowledges that the restrictive covenants (the
“Restrictive Covenants”) contained in Sections 7 and 8 of this Agreement are a
condition of her employment are reasonable and valid in geographical and
temporal scope and in all other respects. If any court determines that any of
the Restrictive Covenants, or any part of any of the Restrictive Covenants, is
invalid or unenforceable, the remainder of the Restrictive Covenants and parts
thereof shall not thereby be affected and shall remain in full force and effect,
without regard to the invalid portion. If any court determines that any of the
Restrictive Covenants, or any part thereof, is invalid or unenforceable because
of the geographic or temporal scope of such provision, such court shall have the
power to reduce the geographic or temporal scope of such provision, as the case
may be, and, in its reduced form, such provision shall then be enforceable. 

9. Inventions and Discoveries. Executive agrees promptly
to disclose in writing to the Company and to no other person or entity without
the Company’s permission any invention or discovery made by her during the
period of time that this Agreement remains in full force and effect, whether
during or after working hours, in any business in which the Company is then
engaged or which otherwise relates to any product or service dealt in by the
Company and such inventions and discoveries shall be the Company’s sole
property. Executive acknowledges that any such invention or discovery developed
by her and any intellectual property rights relating thereto shall be considered
as “work performed for hire.” In the event that any such intellectual property
rights are not, for any reason, deemed work performed for hire, Executive hereby
assigns to the Company any and all of her right, title and interest therein to
the Company. Upon the Company’s request, Executive shall execute and assign to
the Company all applications for copyrights and letters patent of the United
States and such foreign countries as the Company may designate, and Executive
shall execute and deliver to the Company such other documents or instruments as
the Company deems necessary to confirm the Company’s sole ownership of all
rights, title and interest in and to such inventions and discoveries, as well as
all copyrights and/or patents. In the event that Executive does not execute any
such documents or take any such actions, she hereby appoints the Company as her
attorney in fact to sign any such documents, and take any such actions, on her
behalf. The Executive further agrees that the Company is not required to
designate Executive as an author of or contributor to any Invention or to secure
Executive’s permission to change or otherwise alter any Invention. If services
in connection with applications for copyrights and/or patents are performed by Executive at the Company’s request after the termination of her
employment hereunder, the Company shall pay her reasonable compensation for such
services rendered after termination of this Agreement. Executive hereby waives,
for the benefit of all persons, any and all right, title and interest in the
nature of “moral rights” or “droit moral” granted to her in any country in the
world in connection with the Inventions.

10. Injunctive Relief. Executive agrees that her
violation or threatened violation of any of the provisions of Sections 7, 8 or 9
of this Agreement shall cause immediate and irreparable harm to the Company. In
the event of any breach or threatened breach of any of said provisions,
Executive consents to the entry of preliminary and permanent injunctions by a
court of competent jurisdiction prohibiting her from any violation or threatened
violation of such provisions and compelling her to comply with such provisions.
In the event an injunction is issued against any such violation by Executive,
the period referred to in Section 8 of this Agreement shall continue until the
later of the expiration of the period set forth therein or one (1) month from
the date a final judgment enforcing such provisions is entered and the time for
appeal has lapsed. The provisions of Sections 7, 8, 9 and 10 of this Agreement
shall survive any termination of this Agreement and Executive’s employment
pursuant to this Agreement. 

11. Dispute Resolution. The Executive and the Company
agree that any dispute or claim relating to, arising from, or connected in any
manner with this Agreement or with the Executive’s employment with the Company
shall be resolved exclusively through final and binding arbitration conducted
under the auspices of the American Arbitration Association (“AAA”) in accordance
with the employment arbitration rules and procedures of the AAA. The arbitration
shall be held in New York City. The losing party shall bear the costs of the
arbitration. The arbitrator shall have jurisdiction to determine any claim,
including the arbitrability of any claim, submitted to him/her and may grant any
relief authorized by law for any properly established claim. The interpretation
and enforceability of this paragraph of this Agreement shall be governed by and
construed in accordance with the Federal Arbitration Act, 9 U.S.C. §1, et
seq. More specifically, the parties agree to submit to binding arbitration
any claims for unpaid wages or benefits, claims arising under Title VII of the
Civil Rights Act of 1964, the Equal Pay Act, the Age Discrimination in
Employment Act, the Americans With Disabilities Act, the Genetic Information
Nondiscrimination Act, the Civil Rights Act of 1991, the Family and Medical
Leave Act, the Fair Labor Standards Act, Sections 1981 through 1988 of Title 42
of the United States Code, and any corollary state and local laws. The Executive
hereby expressly and knowingly waives her right to have any such
employment-related dispute heard by a court or jury. Notwithstanding the
foregoing, the Company may apply to any court of competent jurisdiction in the
State of New York for injunctive relief in connection with any breach or
threatened breach by the Executive of Sections 8, 9 or 10 of this Agreement, and
the Executive consents to jurisdiction in such courts. 

12. Miscellaneous. 

(a) Executive represents, warrants, covenants and agrees that
she has a right to enter into this Agreement, that she is not a party to any
agreement or understanding, oral or written, which would prohibit performance of
her obligations under this Agreement, and that she will not use in the
performance of her obligations hereunder any proprietary information of any
other party which she is legally prohibited from using. 

(b) If requested by the Company, Executive will cooperate with
the Company in connection with the Company’s application to obtain key-man life
insurance on her life, on which the Company will be the beneficiary. Such
cooperation shall include the execution of any applications or other documents
requiring her signature and submission of insurance applications and submission
to a physical. 

(c) Any notice, consent or communication required under the
provisions of this Agreement shall be given in writing and sent or delivered by
hand, overnight courier or messenger service, against a signed receipt or
acknowledgment of receipt, or by registered or certified mail, return receipt
requested, or telecopier or similar means of communication if receipt is
acknowledged or if transmission is confirmed by mail as provided in this Section
11(c), to the parties at their respective addresses set forth at the beginning
of this Agreement or by telecopier to the Company at 86-371-6405-9846, or to
Executive at __________ with notice to the Company being sent to the attention
of the individual who executed this Agreement on behalf of the Company. Either
party may, by like notice, change the person, address or telecopier number to
which notice is to be sent. If no telecopier number is provided for Executive,
notice to her shall not be sent by telecopier. 

(d) This Agreement shall in all respects be construed and
interpreted in accordance with, and the rights of the parties shall be governed
by, the laws of the State of New York applicable to contracts executed and to be
performed wholly within such State, without regard to principles of conflicts of
laws. The parties hereto agree to submit to the exclusive jurisdiction of the
state and federal courts of New York, New York. 

(e) If any term, covenant or condition of this Agreement or the
application thereof to any party or circumstance shall, to any extent, be
determined to be invalid or unenforceable, the remainder of this Agreement, or
the application of such term, covenant or condition to parties or circumstances
other than those as to which it is held invalid or unenforceable, shall not be
affected thereby and each term, covenant or condition of this Agreement shall be
valid and be enforced to the fullest extent permitted by law, and any court
having jurisdiction may reduce the scope of any provision of this Agreement,
including the geographic and temporal restrictions set forth in Section 8(a) of
this Agreement, so that it complies with applicable law. 

(f) This Agreement constitutes the entire agreement of the
Company and Executive as to the subject matter hereof, superseding all prior or
contemporaneous written or oral understandings or agreements, including any and
all previous employment agreements or understandings, all of which are hereby
terminated, with respect to the subject matter covered in this Agreement. This
Agreement may not be modified or amended, nor may any right be waived, except by
a writing which expressly refers to this Agreement, states that it is intended
to be a modification, amendment or waiver and is signed by both parties in the
case of a modification or amendment or by the party granting the waiver. No
course of conduct or dealing between the parties and no custom or trade usage
shall be relied upon to vary the terms of this Agreement. The failure of a party
to insist upon strict adherence to any term of this Agreement on any occasion
shall not be considered a waiver or deprive that party of the right thereafter
to insist upon strict adherence to that term or any other term of this
Agreement. 

(g) Neither party hereto shall have the right to assign or
transfer any of its or her rights hereunder except in connection with a merger
or consolidation of the Company or a sale by the Company of all or substantially
all of its business and assets. 

(h) This Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective heirs, successors, executors,
administrators and permitted assigns. 

(i) The headings in this Agreement are for convenience of
reference only and shall not affect in any way the construction or
interpretation of this Agreement. 

(j) No delay or omission to exercise any right, power or remedy
accruing to either party hereto shall impair any such right, power or remedy or
shall be construed to be a waiver of or an acquiescence to any breach hereof. No
waiver of any breach hereof shall be deemed to be a waiver of any other breach hereof theretofore or thereafter occurring. Any
waiver of any provision hereof shall be effective only to the extent
specifically set forth in an applicable writing. All remedies afforded to either
party under this Agreement, by law or otherwise, shall be cumulative and not
alternative and shall not preclude assertion by such party of any other rights
or the seeking of any other rights or remedies against any other party. 

IN WITNESS WHEREOF, the parties have executed this
Agreement as of the date first above written. 

CHINA GENGSHENG MINERALS,
INC.

By: /s/ Shunqing Zhang

Shunqing Zhang 
Chief Executive Officer, President and Chairman

Executive: 

/s/ Weina Zhang 
Weina Zhang

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