Document:

Enertopia Corporation: Exhibit 10.1 - Filed by newsfilecorp.com

Exhibit 10.1

CONSULTING AGREEMENT

THIS AGREEMENT is made effective this 17th day of
November, 2010.

BETWEEN:

		Enertopia Corporation., a body corporate
      duly incorporated under the laws of the State of Nevada, and having its
      Registered Office at 950-1130 West Pender, in the City of Vancouver, in
      the Province/State of British Columbia, V6E 4A4 	
	 	  	 
	 	(hereinafter called the "Company") 	 

OF THE FIRST PART

AND:

		Tom Ihrke, an individual in
      the State of South Carolina residing at 38 Krier Lane, Mount Pleasant, SC
      29464. Phone 843.884.4358	
	 	  	 
	 	(hereinafter called the "Consultant," or,
      “Ihrke”)	 

  OF THE SECOND
  PART
  

WHEREAS:

A. Ihrke has served as a Senior Vice President – Business
Development to the Company since August 23, 2010;

B. The Company is desirous of retaining the consulting services
of Ihrke as a Senior Vice President – Business Development, on a continuing
basis and the Consultant has agreed to serve the Company as an independent
contractor upon the terms and conditions hereinafter set forth;

FOR VALUABLE CONSIDERATION it is hereby agreed as follows:

- 2 -

1. The Consultant shall provide corporate consulting services
to the Company, such duties and responsibilities to include;

	 	a) 	
      Capital Raising. The Consultant will attempt to introduce
      capital to, and for use by the Company. This includes capital for oil
      & gas exploration and development; equity shares of the Company;
      and/or debt financing. All contacts that the Consultant discusses Company
      business with, will thereafter be the property of the Company and all
      contact information must be provided to the Company on an ongoing
      basis.

	 	 	 
	 	b) 	
      Business Development. The Consultant will develop and use
      his network of contacts that could lead to new business opportunities in
      the oil & gas sector; JV’s; Partnerships; or any other arrangement
      that could lead to new or expanded business opportunities. All contacts
      that the Consultant discusses Company business with, will thereafter be
      the property of the Company and all contact information must be provided
      to the Company on an ongoing basis.

	 	 	 
	 	c) 	
      General Operations. The Consultant shall serve the
      Company (and/or such subsidiary or subsidiaries of the company as the
      Company may from time to time require) in such consulting capacity or
      capacities as may from time to time be determined by resolution of the
      Board of Directors or senior management of the Company and shall perform
      such duties and exercise such powers as may from time be determined by
      resolution of the Board of Directors, as an independent contractor. The
      Consultant will work as needed with lawyers, partners, shareholders and
      other stakeholders as required by the Company. Financial modeling;
      presentation creation and delivery; meetings and more may all be
      considered to be General Operations.

2. By virtue of this Agreement, the Company is expecting, and
Ihrke is accepting, the responsibility of working, on average, 20 hours a week,
on behalf of the Company. Some weeks Ihrke may be required to work more than 20
hours and some weeks Ihrke may be required to work less than 20 hours in order
to fulfill the terms of this Agreement. The Consultant shall not act in any
capacity whatsoever, directly or indirectly for or for the betterment of any
other oil & gas company, oil & gas partnership, oil & gas project or
oil & gas venture. 

- 3 -

3. The basic remuneration of the Consultant for its services
hereunder shall be at the rate of three thousand one hundred and twenty five
United States dollars (US$3,125) per month, together with any such increments thereto as the Board of
Directors of the Company may from time to time determine, payable on the last
business day of each calendar month. In the event the Company and Ihrke mutually
agree to such, the basic remuneration may instead by paid through the issuance
of restricted common shares. The basic compensation covers that time required by
the Consultant to fulfill his tasks. Opportunities to earn additional
compensation shall be as follows:

	 	a) 	
      If Ihrke introduces capital for the company, then at the
      time the Company receives such capital the Company shall pay an amount, in
      US Dollars, of up to 5% of the amount of capital raised by the Consultant.
      If the source of capital demands a fee itself of more than 5%, then the
      total combined cost of capital shall not exceed 10%, with the Ihrke
      agreeing to adjust the fee on whatever sliding scale is necessary to not
      exceed the 10% overall cap.

	 	 	 
	 	b) 	
      If the Ihrke arranges a business combination, merger,
      takeover or other material business development that is accepted by the
      Board of Directors of the Company, then Ihrke shall be paid an amount, in
      US Dollars, of up to 5% of the amount of the business transaction arranged
      by Ihrke. If the source of the business transaction demands a fee itself
      of more than 5%, then the total combined cost of the business transaction
      shall not exceed 10%, with the Ihrke agreeing to adjust its fee on
      whatever sliding scale is necessary to not exceed the 10% overall
    cap.

4. The Consultant shall be eligible to receive stock options,
of a quantity and with a strike price to be determined at the time of granting
and in accordance with the Company’s stock option plan and all regulations,
granted by the Company. Further details of the stock options, including vesting,
will be included within a separate stock option agreement.

5. The Consultant shall be responsible for the payment of its
income taxes and other remittances including but not limited to any form of
insurance as shall be required by any governmental entity with respect to
compensation paid by the Company to the Consultant.

6. The terms "subsidiary" and "subsidiaries" as used herein
mean any corporation or company of which more than 50% of the outstanding shares
carrying voting rights at all times (provided that the ownership of such shares
confers the right at all times to elect at least a majority of the Board of
Directors of such corporation or company) are for the time being owned by or
held for the Company and/or any other corporation or company in like
relation to the Company and include any corporation or company in like relation
to a subsidiary.

- 4 -

7. The Consultant shall be reimbursed for all travelling and
other expenses actually and properly incurred by it in connection with its
duties hereunder. For all such expenses the Consultant shall furnish to the
Company statements, receipts and vouchers for such out-of-pocket expenses on a
monthly basis. The Consultant is pre-authorized to incur up to $500 per month,
cumulatively, in relevant expenses. Amounts over $500 per month must be approved
by management of the Company. Both parties recognize that as the financial
condition of the Company improves or deteriorates, this amount may be increased
or decreased without making changes to this document, provided the Company makes
Ihrke aware of the changed amount.

8. The Consultant shall not, either during the continuance of
its contract hereunder or at any time thereafter, disclose the private affairs
of the Company and/or its subsidiary or subsidiaries, or any secrets of the
Company and/or its subsidiary or subsidiaries, to any person other than the
Directors of the Company and/or its subsidiary or subsidiaries or for the
Company's purposes and shall not (either during the continuance of its contract
hereunder or at any time thereafter) use for its own purposes or for any purpose
other than those of the Company any information it may acquire in relation to
the business and affairs of the Company and/or its subsidiary or subsidiaries,
unless required by law.

9. The Consultant shall well and faithfully serve the Company
or any subsidiary as aforesaid during the continuance of its contract hereunder
and use its best efforts to promote the interests of the Company.

10. The Consultant agrees with the Company that it will during
the term of his contract hereunder, so long as the Board of Directors of the
Company and Ihrke may so desire, request Ihrke to serve the Company as an
officer and director without additional remuneration other than normal
director's fees, if any, payable by virtue of the office of director and the
provisions of the Articles of the Company.

- 5 -

11. This Agreement may be terminated forthwith by the Company
or Ihrke without prior notice if at any time:

	 	(a) 	
      The Company or Ihkre shall commit any material breach of
      any of the provisions herein contained; or

	 	 	 
	 	(b) 	
      The Company or Ihkre shall be guilty of any misconduct or
      neglect in the discharge of its duties hereunder; or

	 	 	 
	 	(c) 	
      The Company or Ihkre shall become bankrupt or make any
      arrangements or composition with its creditors; or

	 	 	 
	 	(d) 	
      The Principals of the Company or Ihrke shall become of
      unsound mind or be declared incompetent to handle his own personal
      affairs; or

	 	 	 
	 	(e) 	
      The Company or Ihrke shall be convicted of any criminal
      offence other than an offence which, in the reasonable opinion of the
      Board of Directors of the Company, does not affect their position as a
      Consultant or a director of the Company.

This Agreement may also be terminated by either party upon
thirty (30) days written notice to the other. Should the Company terminate this
agreement for a reason not enumerated in items 11(a), 11(b), 11(c), 11(d), or 11
(e), Ihrke will be entitled to any all remuneration, as it relates to
transactions which were in process but had not yet closed at the date of his
termination, to which he would have otherwise been entitled for a period of 9
months after the date of his termination.

12. In the event this Agreement is terminated by reason of
default on the part of the Consultant or the written notice of the Company, then
at the request of the Board of Directors of the Company, the Consultant shall
cause Ihrke to forthwith resign any position or office which he then holds with
the Company or any subsidiary of the Company. The provisions of paragraph 9
shall survive the termination of this Agreement for a period of 2 years
thereafter.

13. The Company is aware that the Consultant has now and will
continue to have financial interests in other companies and properties and the
Company recognizes that these companies and properties will require a certain portion of the
Consultant's time. The Company agrees that the Consultant may continue to devote
time to such outside interests, PROVIDED THAT such interests do not conflict
with or hinder Ihrke’s ability to perform its duties under this Agreement.

- 6 -

15. The services to be performed by the Consultant pursuant
hereto are personal in character, and neither this Agreement nor any rights or
benefits arising thereunder are assignable by the Consultant without the
previous written consent of the Company.

16. With the express exception of outstanding options granted
to Ihrke as a result of Advisory Services previously performed, and any prior
investment made by Ihrke in the Company, any and all previous agreements,
written or oral, between the parties hereto or on their behalf relating to the
agreement between the Consultant and the Company are hereby terminated and
cancelled and each of the parties hereto hereby releases and forever discharges
the other party hereto of and from all manner of actions, causes of action,
claims and demands whatsoever under or in respect of any such previous
agreements.

17. Any notice in writing or permitted to be given to the
Consultant hereunder shall be sufficiently given if delivered to the Consultant
personally or mailed by registered mail, postage prepaid, addressed to the
Consultant as its last residential address known to the Company. Provided any
such notice is mailed via guaranteed overnight delivery, as aforesaid shall be
deemed to have been received by the Consultant on the first business day
following the date of mailing. Any notice in writing required or permitted to be
given to the Company hereunder shall be given by registered mail, postage
prepaid, addressed to the Company at the address shown on page 1 hereof. Any
such notice mailed as aforesaid shall be deemed to have been received by the
Company on the first business day following the date of mailing provided such
mailing is sent via guaranteed overnight delivery. Any such address for the
giving of notices hereunder may be changed by notice in writing given
hereunder.

18. The provisions of this Agreement shall enure to the benefit
of and be binding upon the Consultant and the successors and assigns of the
Company. For this purpose, the terms "successors" and "assigns" shall include
any person, firm or corporation or other entity which at any time, whether by merger, purchase or otherwise, shall acquire
all or substantially all of the assets or business of the Company.

- 7 -

19. Every provision of this Agreement is intended to be
severable. If any term or provision hereof is illegal or invalid for any reason
whatsoever, such illegality or invalidity shall not affect the validity of the
remainder of the provisions of this Agreement.

20. This Agreement is being delivered and is intended to be
managed from the Province of British Columbia and shall be construed and
enforced in accordance with, and the rights of the parties shall be governed by,
the laws of such Province. Similarly no provision within this contract is deemed
valid should it conflict with the current or future laws of the United States of
America or current or future regulations set forth by the United States
Securities and Exchange Commission. This Agreement may not be changed orally,
but only by an instrument in writing signed by the party against whom or which
enforcement of any waiver, change, modification or discharge is sought.

21. This Agreement and the obligations of the Company herein
are subject to all applicable laws and regulations in force at the local, State,
Province, and Federal levels in both Canada and the United States. In the event
that there is an employment dispute between the Company and Ihrke, Ihrke agrees
to allow it to be settled according to applicable Canadian law in an applicable
British Columbia jurisdiction.

22. This Agreement is in effect on a month to month basis
unless otherwise terminated as noted above.

     IN WITNESS WHEREOF this Agreement
has been executed as of the day, month and year first above written.

- 8 -

SIGNED by:

____________________________
Robert McAllister,

President and Director, 
Enertopia Corporation.

SIGNED by:

____________________________
Chris Bunka, 
CEO and
Director, 
Enertopia Corporation.

SIGNED by:

____________________________
Tom Ihrke 
ConsultantEnertopia Corporation: Exhibit 10.2 - Filed by newsfilecorp.com

Exhibit 10.2

DEBT SETTLEMENT AGREEMENT

THIS AGREEMENT dated for reference the 16th day of
March 2011. BETWEEN:

	 	ENERTOPIA CORP., a company duly
      incorporated under the laws 	 
	 	of the Province of British Columbia and having
      its registered and 	 
	 	records office at Suite 950 - 1130 West Pender
      Street, Vancouver, 	 
	 	BC, V6E 4A4 Ph 604-602-1675 FAX 604-685-1602	 
	 	 	 
	 	(the “Company”) 	 

     OF THE FIRST PART 

AND:

	 	TOM IHRKE 38 Krier
      Lane, Mount Pleasant, SC 29464. Phone 	 
	 	843.884.4358 	 
	 	 	 
	 	(the “Creditor”) 	 

     OF THE SECOND PART 

WHEREAS: 

A. The Company is indebted to the Creditor in the amount of
US$12,500 (the “Debt”); and  

B. The Company wishes to settle the Debt,
namely US$12,500, 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.

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
78,125 shares in the capital of the Company (the “Shares”) at a deemed
price of US$0.16 per Share for each US$0.16 of indebtedness, as
full and final payment of the Debt, and the Creditor agrees to accept the Shares
as full and final payment of the Debt, leaving the Company indebted to the
Creditor in the amount of US $Nil following this transaction.

2.2 The Creditor hereby agrees that, upon delivery of the
Shares by the Company in accordance with the provisions of this Agreement, that
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 this 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 and warrants 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.

	 	 	 
	 	(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 is an accredited investor; 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.

- 2 -

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

	 	 	 
			
      UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER
      OF THE SECURITIES SHALL NOT TRADE THE SECURITIES BEFORE JULY 17,
    2011.

	 	 	 
			
      THESE SECURITIES HAVE NOT BEEN REGISTERED WITH THE
      SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY
      STATE AND HAVE BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”), AND,
      ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE
      REGISTRATION STATEMENT UNDER THE 1933 ACT OR PURSUANT TO AN AVAILABLE
      EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
      REQUIREMENTS OF THE 1933 ACT AND IN ACCORDANCE WITH APPLICABLE STATE
      SECURITIES LAWS.

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
      TOM 	) 	  
	 IHRKE in the presence of: 	) 	  
	  	) 	  
	  	) 	  
	  	) 	  
	Signature 	) 	  
	  	) 	  
	  	) 	     
	Address 	) 	TOM IHRKE 
	  	) 	  
	  	) 	  
	  	) 	  
	Occupation 	) 	  

- 3 -

	ENERTOPIA CORP. 	) 	 
	  	) 	 
		) 	 
	) 	 
	) 	 
	) 	 
	) 	 
	  	) 	 
	Authorized Signatory 	  	 
	  	  	 
	  	  	 
	  	  	 
	Authorized Signatory 	  	 
	  	  	 
	  	  	 
	  	  	 
	  	  	 
	Please provide the following
      information: 	  	 

 

	Creditor's telephone number 	 	Creditor's e-mail address

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