Document:

Lexaria Corp.: Exhibit 10.3 - Filed by newsfilecorp.com

ASSIGNMENT AGREEMENT

THIS ASSIGNMENT is made effective as of this 26th
day of October, 2013

BETWEEN:

LEXARIA CORP., a company
incorporated under the laws of the State of Nevada, having a business office at
#950 - 1130 West Pender, Vancouver, British Columbia, Canada V6E 4A4

(the “Assignor,” or,
“Lexaria”)

AND:

Emerald
Atlantic, LLC, a business in the State of Texas
with a business address at 11714 Spriggs Way, Houston, TX, 77024

(the “Assignee”)

WHEREAS:

	A. 	
      The Assignor and the Assignee are in the business of
      natural resources exploration and development;

	 	 
	B. 	
      Lexaria has entered into a farmout, option and
      participation letter agreement dated December 21, 2005 (the “Head
      Agreement”), a copy of which is attached as Exhibit I hereto,
      with Griffin & Griffin Exploration L.L.C. (“Griffin”) with
      respect to the following property:

	 	(1) 	
      Belmont Lake Field, Wilkinson County, Mississippi,
      Section 41-T2N- R4W

	C. 	
      Lexaria currently has the right to
earn:

	 	(1) 	
      A PERPETUAL 42% (gross) working interest and 27.30369%
      (net) revenue interest in the Belmont Lake well to be drilled and known as
      PP F-12-7 (the “Well Interests”).

	D. 	
      On or about September 25, 2013, the Assignor received an
      Authorization For Expenditure agreement (the “AFE”) with Griffin, a
      copy of which is attached as Exhibit II hereto, to participate in
      the drilling and completion of the PP F-12-7 well by paying a 42% share of
      the $794,995 expected costs of drilling and completing of the PP F-12-7
      well as per the AFE; and

	 	 
	E. 	
      The Assignee wishes to purchase from the Assignor and the
      Assignor wishes to sell to the Assignee a pro rata interest of 29.03% of
      30% of the Well Interests (or 3.658065% gross working interest and 2.378064% net revenue
interests in the PP F-12-7 well) (the “Pro Rata Interest”): AND the
Assignee wishes to purchase from the Assignor and the Assignor may sell
to the Assignee Well Interests of up to 5.947087% gross working interests
and 3.86613% net revenue interests in the PP F-12-7 well) (the “Bonus
Interest”), (the Pro Rata Interest and the Bonus Interest together, the
“Assigned Interest”);

	F. 	
      In consideration for the Pro Rata Interest the Assignee
      has agreed to pay:

	 	 	 
		(a) 	
      8.709679% of the Assignor’s AFE costs currently budgeted
      at $333,897.90 but subject to revision by Griffin, being an amount of
      US$29,081.43 (the “Initial Consideration”); all of this Initial
      Consideration to be paid from the Assignee directly to Griffin;
  and

	 	 	 
		(b) 	
      Between 7.4032271% and 8.709679% of the Assignor’s 42%
      share of the PP F-12-7 well costs from time to time for infrastructure,
      pipes, tanks, compressors, trucking, etc, as recommended for expenditure
      by Griffin (the “Subsequent Consideration”) and in compliance with
      the terms of the Head Agreement and the Settlement Agreement of the
      15th day of December, 2011; all of this Subsequent
      Consideration to be paid from the Assignee directly to Griffin;
  and,

	G. 	
      In consideration for the Bonus Interest the Assignee has
      agreed to pay up to:

	 	 	 
		(a) 	
      30.34228% of the remaining subset of the Assignor’s AFE
      costs currently budgeted at $233,728.53 but subject to revision by
      Griffin, being an amount of up to US$70,918.57 (the “Initial
      Bonus Consideration”); 66.6667% of this Initial Bonus Consideration to
      be paid from the Assignee directly to Griffin and 33.3333% of this Initial
      Bonus Consideration to be paid from the Assignee to the Assignor;
    and

	 	 	 
		(b) 	
      Between 5.05502395% and 5.947087% of the PP F-12-7 well
      costs from time to time for infrastructure, pipes, tanks, compressors,
      trucking, etc, as recommended for expenditure by Griffin (the
      “Subsequent Bonus Consideration”) and in compliance with the terms
      of the Head Agreement and the Settlement Agreement of the 15th
      day of December, 2011; all of this Subsequent Bonus Consideration to
      be paid from the Assignee directly to Griffin;
and,

	H. 	
      The Assignor and Assignee agree that less Bonus Interest
      may be available than detailed within this Agreement, and that the Bonus
      Interest is subject in part to Assignor finance considerations and to the
      actions of third parties. Therefore the Assignee agrees to accept whatever
      fraction of the Bonus Interest that the Assignor makes available on or
      before October 29, 2013 on the fractional terms noted herein, and to
      submit all the required payments not later than November 1,
  2013.

	I. 	
      Upon the terms and subject to the conditions set forth in
      this Assignment, the consent of Griffin with respect to the Assignment
      herein having been obtained and attached as Exhibit III, the
      Assignor wishes to assign and the Assignee wishes to accept the assignment
      of the Assigned Interest as shown above in and to the Head Agreement and
      AFE.

NOW THEREFORE THIS AGREEMENT WITNESSES that in
consideration of covenants and agreements set forth herein and other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree each with the other as follows:

	1. 	
      The Assignor hereby assigns, transfers and sets over to
      the Assignee, effective as of the date hereof, all proportionate rights,
      interest and benefits in the Assigned Interest held by or granted to the
      Assignor in and to the Head Agreement and AFE between the Assignor and
      Griffin. The Assignee hereby acknowledges and agrees that the Assignor is
      making no representation or covenant as to whether any oil revenue will be
      recovered from the Assigned Interest.

	 	 
	2. 	
      The Assignee hereby agrees to pay the Initial
      Consideration and Initial Bonus Consideration, not later than November 1,
      2013.

	 	 
	3. 	
      The Assignee hereby agrees to pay to Griffin the
      Subsequent Consideration or Subsequent Bonus Consideration as required and
      or demanded by Griffin. In the event the Assignee does not provide the
      Subsequent Consideration or Subsequent Bonus Consideration within five (5)
      business days, Griffin shall withhold such amount of revenue from the
      Assigned Interest in order to satisfy the then amount outstanding of the
      Subsequent Consideration or Subsequent Bonus Consideration.

	 	 
	4. 	
      Operational Voting Rights. The Assigned Interests carry
      certain operational voting rights as were obtained by the Assignor in the
      Head Agreement (the “Voting Rights”).

	 	a. 	
      The Assignee hereby grants and sets over to the Assignor
      all Voting Rights to the Assigned Interest for any non-capital related
      votes; and for capital expenditures of under $10,000 as per the Head
      Agreement.

	 	 	 
	 	b. 	
      The Assignor conditionally grants and sets over to the
      Assignee Voting Rights to the Assigned Interests for capital expenditures
      of over $10,000, each vote subject to approval by the Assignor, such
      approval not to be unreasonably withheld.

	 	 	 
	 	c. 	
      If the Assignee sells, gifts, grants or assigns the
      Assigned Interest, in whole or in part, to any other entity at any future
      date, then all Voting Rights to the Assigned Interest revert back to the
      Assignor for so long as the Assignor owns any interest in the Belmont Lake
      Field.

	5. 	
      Notwithstanding any other provision of section (4), the
      Assignor will grant and set over to the Assignee all Voting Rights to the
      Assigned Interest if any of the following occurs:

	 	 	 
		a. 	
      Lexaria ceases to have any Well Interests in the PP
      F-12-7 well.

	 	 	 
		b. 	
      Lexaria enters bankruptcy proceeding or becomes insolvent
      as defined by The Bankruptcy and Insolvency Act (BIA) of
  Canada.

	6. 	
      The Assignor warrants and represents to the Assignee that
      as of the date of this Assignment, the Head Agreement and AFE is in full
      force and effect, without modification or amendment, that the Assignor has
      the full right and authority to assign the Assigned Interest and all of
      the Assigned Interest’s rights, interest and benefits held by or granted
      to the Assignor in and to the Head Agreement and AFE and that such rights,
      interest and benefits assigned to the Assignee herein are free of lien,
      encumbrance or adverse claim.

	 	 
	7. 	
      The Assignee hereby assumes and agrees to perform all
      obligations of the Assignor with respect to the Assigned Interest under
      the Head Agreement and AFE and guarantees to hold the Assignor harmless
      from any claim or demand of any kind made hereunder except obligations
      that are direct results of gross negligence or willful misconduct by the
      Assignor.

	 	 
	8. 	
      This Assignment shall be binding upon and inure to the
      benefit of the parties, their successors and assigns.

	 	 
	9. 	
      Each of the parties hereto will co-operate with the
      others and execute and deliver to the other parties hereto such other
      instruments and documents and take such other actions as may be reasonably
      requested from time to time by any other party hereto as necessary to
      carry out, evidence, and confirm the intended purpose of this
      Assignment.

	 	 
	10. 	
      This Assignment may not be amended except by an
      instrument in writing signed by each of the parties.

	 	 
	11. 	
      This Assignment and the Exhibit hereto contain the entire
      agreement between the parties with respect to the subject matter hereof
      and supercede all prior arrangements and understandings, both written and
      oral, express or implied, with respect thereto. Any preceding
      correspondence or offers are expressly superceded and terminated by this
      Assignment.

	 	 
	12. 	
      All notices and other communications required or
      permitted under this Assignment must be in writing and will be deemed
      given if sent by personal delivery, faxed with electronic confirmation of
      delivery, internationally recognized courier or registered or certified
      mail (return receipt requested), postage prepaid, to the parties at
    the following addresses (or at such other address for a party as
will be specified by like notice):

	 	If to the Assignor: 	If to the Assignee: 	If to Griffin: 
	 	  	  	  
	 	950 - 1130 West Pender St. 	11714 Spriggs Way 	1904 Lakeland Dr 
	 	Vancouver BC 	Houston, TX 	Suite F 

	 	V6E 4A4 	77024 	Jackson, MS, 39216 
	 	604.602.1633 ph 	713.932.6754 ph 	601.713.1146 ph 
	 	604.602.1625 fax 	281.925.0172 fax 	601.713.1175 fax 

	13. 	
      This Assignment will be governed by and construed in
      accordance with the laws of the Province of British Columbia, Canada as
      applicable to contracts made and performed therein.

	 	 
	14. 	
      The parties agree to attempt to resolve all disputes
      arising out of or in connection with this Assignment Agreement, or in
      respect of any legal relationship associated with it or from it, by
      mediated negotiation with the assistance of a neutral person appointed by
      the British Columbia International Commercial Arbitration Centre
      administered under its Commercial Mediation Rules. If the dispute cannot
      be settled within 10 days after the mediator has been appointed, or such
      other period agreed to in writing by the parties, the dispute shall be
      referred to and finally resolved by arbitration administered by the
      British Columbia International Commercial Arbitration Centre, pursuant to
      its Rules. Arbitrators shall have no authority to award punitive or
      exemplary damages, the parties hereby waiving their right, if any, to
      recover punitive or exemplary damages, either in arbitration or in
      litigation. In the absence of any written agreement otherwise, the place
      of mediation and of arbitration shall be Vancouver, British
    Columbia.

	 	 
	15. 	
      By entering into this agreement, Assignor and Assignee
      acknowledge and agree that each party has had an opportunity to consult
      with legal counsel and that each party knowingly and voluntarily waives
      any right to a trial by jury of any dispute pertaining to or arising out
      of or in any way connected with this agreement, the provisions of any
      Canadian, U.S. federal, state, or local law, regulation, or ordinance
      notwithstanding, except any dispute(s) that are the result of gross
      negligence or willful misconduct by either party.

	 	 
	16. 	
      This Assignment may be executed in one or more
      counterparts, all of which will be considered one and the same Assignment
      and will become effective when one or mare counterparts have been signed
      by each of the parties and delivered to the other parties, it being
      understood that all parties need not sign the same counterpart.

	 	 
	17. 	
      This Agreement may be executed by delivery of executed
      signature pages by fax and such fax execution will be effective for all
      purposes.

	18. 	
      Time is of essence in this
Assignment.

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

	ASSIGNOR 	ASSIGNEE 
	 	 
	LEXARIA CORP. 	EMERALD ATLANTIC, LLC 
	 	 
	Per:    __________________________	Per:   
      ____________________________
	           Authorized
      Signatory 	           Authorized
      Signatory 
	 	 
	Name: Chris Bunka 	Name: Dr. David DeMartini 
	 	 
	Title: CEO, Director 	Title: President 
	  	  
	  	  
	Per:    ____________________________	  
	           Authorized
      Signatory 	  
	 	 
	Name: Bal Bhullar 	  
	 	 
	Title: CFO, DirectorLexaria Corp.: Exhibit 10.4 - Filed by newsfilecorp.com

THE SECURITIES TO WHICH THIS PRIVATE PLACEMENT SUBSCRIPTION
AGREEMENT RELATES HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE
COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE, AND WILL BE 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.

	LEXARIA CORP. 
	(the "Issuer") 
	SUBSCRIPTION AGREEMENT 
	Units (Share and Warrant) 
	 

The units (the "Units") will be sold at a price of US$0.06
per Unit, with each Unit being comprised of:

	
  one (1) common share of the Issuer (the "Share"); and 

  
	
  one share purchase warrant (each whole warrant, a "Warrant"). Each Warrant
  entitles the holder thereof to acquire one (1) common share (a "Warrant
  Share") of the Issuer at a price of US$0.10 per Warrant Share until the
  date that is two years from the date of Closing of this Subscription Agreement
  (the "Expiry Date"), subject to acceleration as set out in Section 2.2 of
  Appendix A. 

The Units will be offered in the United States, British
Columbia, Ontario and such other jurisdictions as may be determined by the
Issuer, including jurisdictions outside of Canada and the United States,
pursuant to exemptions from the registration and prospectus requirements of
applicable securities legislation.

INSTRUCTIONS FOR COMPLETING THIS SUBSCRIPTION PRIOR TO
DELIVERY TO THE ISSUER

	1. 	
      The subscriber (the "Subscriber") must complete the
      information required on page 2 with respect to subscription amounts and
      registration and delivery particulars.

	 	 	 
	2. 	
      The Subscriber must complete the personal information
      required on page 4. The Subscriber acknowledges and agrees that this
      information will be provided to the Exchange.

	 	 	 
	3. 	
      The Subscriber must complete the applicable forms (the
      "Forms") at the end of Schedule B:

	 	 	 
		(a) 	
      All Subscribers must complete Form 1 –
      "Certificate for Exemption".

	 	 	 
		(b) 	
      All Subscribers who are U.S. Persons and are U.S.
      Accredited Investors (as defined in section 1.1 of Schedule A herein)
      must complete Form 2 – "Certificate of U.S.
      Accredited Investor Status".

	4. 	
      Return this subscription and all Forms to the offices of
      Lexaria Corp, Suite 950 – 1130 W Pender St, Vancouver BC, V6E 4A4. (FAX:
      604-685-1602) Return the total subscription price by certified cheque,
      money order or bank draft drawn on a major U.S or Canadian chartered bank
      and made payable to Lexaria Corp. in the amount of the applicable
      subscription funds or by wire to Lexaria Corp. pursuant to the Wiring
      Instructions in Form 3.

	 	 
	5. 	
      Subscribers who are not purchasing as principal (or
      deemed under applicable securities laws to be purchasing as principal)
      must ensure that they disclose the identity of the Disclosed Principal (as
      hereafter defined) on page 2, and that they complete and provide as a
      separate attachment the personal information required on page 4 and all
      applicable Forms on behalf of such Disclosed
Principal.

Subscription Agreement 
- 2 -

TO: LEXARIA CORP.

	1. 	The Subscriber irrevocably subscribes for and
      agrees to purchase from the Issuer the following securities: 
	 	 
	  	         No. of Units
      at US$0.06
      each:                                         
      ____________________________________________
	 	 
	  	         Total
      subscription price for the subscribed Units:     
      ____________________________________________

	2. 	
      The Subscriber and the Issuer agree that the Units, and
      the offering thereof, shall have and be conducted on the terms and
      conditions specified in Schedules "A" and "B" hereto. The Subscriber
      hereby makes the representations, warranties, acknowledgments and
      agreements set out in Schedules "A" and "B" hereto and in all applicable
      Forms, and acknowledges and agrees that the Issuer and its respective
      counsel will and can rely on such representations, warranties,
      acknowledgments and agreements should this subscription be
  accepted.

	3. 	
      Identity of and execution by
Subscriber:

	BOX A: SUBSCRIBER INFORMATION AND EXECUTION 	 	  
	 	 	 
	(name of subscriber)
    	 	 
    
	 	 	 
	(address – include
      city, province and postal code) 	 	 
    
	  	 	X 
	(telephone number)
      (email address) 	 	(signature of subscriber/authorized signatory) 
	 	 	 
	(SSN or Tax ID number) 	 	(if applicable, print name of signatory and office)
    

Execution hereof by the Subscriber
shall constitute an offer and agreement to subscribe for the Units set out in
Item 1 above pursuant to the provisions of Item 2 above, and acceptance by the
Issuer shall effect a legal, valid and binding agreement between the Issuer and
the Subscriber. This subscription may be executed and delivered by facsimile,
and shall be deemed to bear the date of acceptance below.

	4. 	
      If the Units are to be registered other than as set out
      in Box A, the Subscriber directs the Issuer to register and deliver the
      Units as follows:

	BOX B: ALTERNATE REGISTRATION INSTRUCTIONS 
	 
	(name of registered holder) 
	 
	(address of registered holder – include city, province and
      postal code) 
	 
	(registered holder: contact name, contact telephone number and
      contact email address) 

	5. 	
      If the Units are to be delivered other than as set out in
      Box A (or if completed, Box B):

	BOX C: ALTERNATE DELIVERY INSTRUCTIONS 
	 
	(name of recipient) 
	 
	(address of recipient – include city, province and postal code)
    
	 
	(recipient: contact name, contact telephone number and contact
      email address) 

Subscription Agreement 
- 3 -

	6. 	
      If the Subscriber is purchasing as agent for a principal,
      and is not a trust company or trust corporation purchasing as trustee or
      agent for accounts fully managed by it or is not a person acting on behalf
      of a fully account managed by it (and in each such case satisfying the
      criteria set forth in NI-45-106), complete Box D below and provide as a
      separate attachment the personal information required on page 3 and all
      applicable Forms on behalf of such principal (a "Disclosed
      Principal"):

	BOX D: IDENTIFICATION OF PRINCIPAL 
	 
	(name of Disclosed Principal) 
	 
	(address of Disclosed Principal – include city, province and
      postal code) 
	 
	(Disclosed Principal: contact name, contact telephone number
      and contact email address) 

ACCEPTANCE

	This subscription is accepted and agreed to by the 	)    LEXARIA CORP. 
	 	) 
	Issuer as of the ____ day of _______________, 2013. 	) 
	 	)  
       Per:     _________________________
	 	           
             Authorized Signatory 

Subscription Agreement 
- 4 -

PERSONAL INFORMATION

	1. 	Present Ownership of Securities of the
      Issuer. The Subscriber either [check appropriate
      box]: 

	 	 [  ]	owns, directly or indirectly, or exercises
      control or direction over, no common shares of the Issuer or
      securities convertible into common shares of the Issuer; or 
	 	 	 
	 	 [  ]	owns, directly or indirectly, or exercises
      control or direction over, __________common shares of the Issuer and
      securities convertible or exercisable to acquire an additional
      __________common shares of the Issuer. 

	2. 	Insider Status. The
      Subscriber either [check appropriate box]: 

	 	 [  ]	is an "Insider" of the Issuer as defined in the
      British Columbia Securities Act, determined as follows:
  

	 	(a) 	
      a director or senior officer of the Issuer;

	 	(b) 	
      a director or senior officer of a person that is itself
      an insider or subsidiary of the Issuer;

	 	(c) 	
      a person that has:

	 		(1) 	
      direct or indirect beneficial ownership of;

	 		(2) 	
      control or direction over; or

	 		(3) 	
      a combination of direct or indirect beneficial ownership
      of and of control or direction over,

	 		
      securities of the Issuer carrying more than 10% of the
      voting rights attached to all the Issuer's outstanding voting securities,
      excluding, for the purpose of the calculation of the percentage held, any
      securities held by the person as underwriter in the course of a
      distribution, or

	 	(d) 	
      the Issuer itself, if it has purchased, redeemed or
      otherwise acquired any securities of its own issue, for so long as it
      continues to hold those securities; or

	 	 [  ]	is not an Insider of the Issuer.

	3. 	"Pro Group" Status. The
      Subscriber either [check appropriate box]: 

	 	 [  ]	is a member of the "Pro Group" as defined in
      the Rules of the Exchange, determined as follows: 

	 	(a) 	
      subject to subparagraphs (b), (c) and (d), "Pro Group"
      shall include, either individually or as a group:

	 		(1) 	
      the member (i.e. a member of the Exchange under the
      Exchange requirements);

	 		(2) 	
      employees of the member;

	 		(3) 	
      partners, officers and directors of the member;

	 		(4) 	
      affiliates of the member; and

	 		(5) 	
      associates of any parties referred to in subparagraphs
      (1) through (4);

	 	(b) 	
      the Exchange may, in its discretion, include a person or
      party in the Pro Group for the purposes of a particular calculation where
      the Exchange determines that the person is not acting at arm's length of
      the member;

	 	(c) 	
      the Exchange may, in its discretion, exclude a person
      from the Pro Group for the purposes of a particular calculation where the
      Exchange determines that the person is acting at arm's length of the
      member; and

	 	(d) 	
      the member may deem a person who would otherwise be
      included in the Pro Group pursuant to subparagraph (a) to be excluded from
      the Pro Group where the member determines that:

	 		(1) 	
      the person is an affiliate or associate of the member
      acting at arm's length of the member;

	 		(2) 	
      the associate or affiliate has a separate corporate and
      reporting structure;

	 		(3) 	
      there are sufficient controls on information flowing
      between the member and the associate or affiliate; and

	 		(4) 	
      the member maintains a list of such excluded persons;
      or

	 	 [  ]	is not a member of the Pro Group.

SCHEDULE A

	1. 	
      Interpretation

	 	 	 
	1.1 	
      Unless the context otherwise requires, reference in this
      subscription to:

	 	 	 
		(a) 	
      "Applicable Securities Laws" means the Securities Act or
      analogous legislation of the Reporting Jurisdictions and the Selling
      Jurisdictions and all rules, regulations, policies, orders, notices and
      other instruments incidental thereto;

	 	 	 
		(b) 	
      "Closing" refers to the completion of the purchase and
      sale of the Units, and if the purchase and sale occurs in two or more
      tranches, the completion of each shall be a "Closing";

	 	 	 
		(c) 	
      "NI45-102" and "NI45-106" refer to National Instrument
      45-102 and National Instrument 45-106, respectively, of the Canadian
      Securities Administrators;

	 	 	 
		(d) 	
      "Public Record" refers to all public information which
      has been filed by the Issuer pursuant to the Applicable Securities Laws of
      the Reporting Jurisdictions and otherwise pursuant to the Applicable
      Securities Laws of any additional Selling Jurisdictions;

	 	 	 
		(e) 	
      "Reporting Jurisdictions" refers to the Provinces of
      British Columbia and Ontario and the United States of America;

	 	 	 
		(f) 	
      "Selling Jurisdictions" refers to the Provinces of
      British Columbia, Ontario, the United States and all other jurisdictions
      where the Units may be sold;

	 	 	 
		(g) 	
      "subscription" means this subscription agreement and
      includes all schedules hereto and the Forms; and

	 	 	 
		(h) 	
      "U.S. Person" means a U.S. Person as that term is defined
      in Rule 902(o) of Regulation S promulgated under the U.S. Securities
      Act of 1933, as amended, and includes (i) any natural person resident
      in the United States and (ii) any partnership or corporation organized or
      incorporated under the laws of the United States, among other persons
      specified in such Rule.

	1.2 	
      Unless otherwise stated, all dollar figures herein
      expressed are in U.S. Dollars.

	 	 
	1.3 	
      References imputing the singular shall include the plural
      and vice versa; references imputing individuals shall include
      corporations, partnerships, societies, associations, trusts and other
      artificial constructs and vice versa; and references imputing gender shall
      include the opposite gender.

	 	 
	2. 	
      Description of Offering and
    Securities

	 	 
	2.1 	
      The Issuer is offering (the "Offering") up to 3,333,333
      Units at a price of US$0.06 per Unit, each comprised of a common share and
      one Warrant, for aggregate gross proceeds of up to US$200,000. Subject to
      the approval from the Exchange, the Issuer may, in its discretion,
      increase the size of the Offering.

	 	 
	2.2 	
      Each Unit shall be comprised
of:

	 	(a) 	
      one (1) common share of the Issuer (the "Shares");
    and

	 	 	 	 
	 	(b) 	
      one share purchase warrant (a "Warrant"). Each Warrant
      entitles the holder thereof to acquire one (1) common share (a "Warrant
      Share") of the Issuer at a price of US$0.10 per Warrant Share until the
      date that is two years from the date of Closing of this Subscription
      Agreement. In the event that four months and one day after the closing
      date of the Offering or anytime thereafter, the volume weighted average
      closing price of the Issuer’s common shares on the Canadian National Stock
      Exchange (the “Exchange”), for a period of twenty (20) consecutive trading
      days exceeds $0.25, the Issuer may, within five (5) days after such an
      event, provide written notice to the Warrant holders of early expiry and
      thereafter, the Warrants will expire on the date which is thirty (30) days
      after the date of the notice to such Warrant
holders.

Schedule A
 - 2 -

	2.3 	
      The Shares, Warrants and Warrant Shares are collectively
      referred to herein as the "Securities".

	 	 	 
	2.4 	
      The completion of the Offering is subject to the
      following conditions:

	 	 	 
		(a) 	
      the Exchange's conditional acceptance of the Offering on
      such conditions as may be acceptable to the Issuer, acting
    reasonably;

	 	 	 
		(b) 	
      the receipt by the Issuer, as the case may be, from the
      Subscriber of any other documents required by Applicable Securities Laws
      which the Issuer requests;

	 	 	 
		(c) 	
      the performance by the Subscriber of its covenants under
      this agreement; and

	 	 	 
		(d) 	
      the truth, at the time of acceptance and as at Closing,
      of the Subscriber's representations and warranties under this
      agreement.

	3. 	
      Eligibility and Subscription
    Procedure

	 	 
	3.1 	
      The Offering is being made pursuant to exemptions (the
      "Exemptions") from the registration and prospectus requirements of
      Applicable Securities Laws. The Subscriber and any Disclosed Principal
      acknowledges and agrees that the Issuer and its respective counsel will
      and can rely on the representations, warranties, acknowledgments and
      agreements of the Subscriber and any Disclosed Principal contained in this
      subscription and otherwise provided by the Subscriber to the Issuer to
      determine the availability of Exemptions should this subscription be
      accepted.

	 	 
	3.2 	
      No Offering Memorandum or other disclosure document has
      been or will be prepared or distributed in connection with the
      Offering.

	 	 
	3.3 	
      The Offering is not, and under no circumstances is to be
      construed as, a public offering of the Securities. The Offering is not
      being made, and this subscription does not constitute, an offer to sell or
      the solicitation of an offer to buy the Securities in any jurisdiction
      where, or to any person to whom, it is unlawful to make such offer or
      solicitation.

	 	 
	3.4 	
      Subscribers must duly complete and execute this
      subscription together with all applicable Forms hereto (please see the
      Instructions listed on the face page hereof) and return them to the
      Issuer with payment for the total subscription price for the subscribed
      Units as instructed on the face page hereof.

	 	 
	3.5 	
      Subscriptions, once delivered, are irrevocable.

	 	 
	3.6 	
      A subscription will only be effective upon its acceptance
      by the Issuer. Subscriptions will only be accepted if the Issuer is
      satisfied that, and will be subject to a condition for the benefit of the
      Issuer that, the Offering can lawfully be made in the jurisdiction of
      residence of the Subscriber and any Disclosed Principal pursuant to an
      available Exemption and that all other Applicable Securities Laws have
      been and will be complied with in connection with the proposed
      distribution.

	 	 
	3.7 	
      The Issuer is entitled to treat the subscription proceeds
      as an interest free loan to the Issuer until such time as the Subscription
      Agreement is accepted and the certificates representing the Shares and
      Warrants have been issued to the Subscriber. If the funds are wired to the
      Issuer's lawyers, Macdonald Tuskey, those lawyers are authorized to
      immediately deliver the funds to the Issuer without further authorization
      from the Subscriber.

	 	 
	4. 	
      Closing Procedure

	 	 
	4.1 	
      The Offering will be completed at one or more Closings at
      such time or times, on such date or dates, and at such place or places, as
      the Issuer may determine. At each Closing, the Issuer will deliver
      certificates representing the Shares and Warrants to those Subscribers
      whose subscriptions have been accepted, against the duly completed and
      executed subscriptions and applicable subscription price in respect
      thereof.

Schedule A 
- 3 -

	4.2 	
      In the event that the purchase and sale of the Units
      contemplated by this subscription is not completed, the Issuer shall
      immediately return this subscription and the total subscription price for
      the subscribed Units without interest or deduction.

	 	 	 
	5. 	
      Reporting and Consent

	 	 	 
	5.1 	
      The Subscriber, on its own behalf and on behalf of any
      Disclosed Principal, expressly consents and agrees to:

	 	 	 
		(a) 	
      the Issuer collecting personal information regarding the
      Subscriber and any Disclosed Principal for the purpose of completing the
      transactions contemplated by this subscription; and

	 	 	 
		(b) 	
      the Issuer releasing personal information regarding the
      Subscriber, any Disclosed Principal and this Subscription, including the
      Subscriber's and any Disclosed Principal’s name, residential address,
      telephone number, email address and registration and delivery
      instructions, the number of Securities purchased, the number of securities
      of the Issuer held by the Subscriber and any Disclosed Principal, the
      status of the Subscriber and any Disclosed Principal as an insider, as a
      Pro Group member or as otherwise represented herein, and, if applicable,
      information regarding the beneficial ownership or the principals of the
      Subscriber and any Disclosed Principal, to securities regulatory
      authorities in compliance with Applicable Securities Laws, to other
      authorities as required by law and to the registrar and transfer agent of
      the Issuer for the purpose of arranging for the preparation of the
      certificates representing the Securities in connection with the
      Offering.

The purpose of the collection of the
information is to ensure the Issuer and its advisors will be able to issue
Securities to the Subscriber in accordance with the instructions of the
Subscriber and in compliance with applicable corporate and securities laws, and
to obtain the information required to be provided in documents required to be
filed with securities regulatory authorities under Applicable Securities Laws
and with other authorities as required by law. The Subscriber, on its own behalf
and on behalf of any Disclosed Principal, further expressly consents and agrees
to the collection, use and disclosure of all such personal information by
securities regulatory authorities and other authorities in accordance with their
requirements, including the provision of all such personal information to third
party service providers from time to time.

The contact information for the officer
of the Issuer who can answer questions about the collection of information by
the Issuer is as follows:

	 	Name & Title: 	Bal Bhullar, Chief Financial Officer and
      Director 
	 	Issuer Name: 	LEXARIA CORP. 
	 	Address: 	Suite 950 – 1130 West Pender Street, Vancouver,
      BC V6E 4A4 
	 	Telephone No: 	(604) 602-1675 

	5.2 	
      The Subscriber, on its own behalf and on behalf of any
      Disclosed Principal, expressly acknowledges and agrees that:

	 	 	 
		(a) 	
      the Issuer may be required to provide applicable
      securities regulators, or otherwise under the

	 	 	 
			
      Proceeds of Crime (Money Laundering) and Terrorist
      Financing Act of Canada, a list setting forth the identities of the
      purchasers of the Securities and any personal information provided by the
      Subscriber, and the Subscriber hereby represents and warrants that to the
      best of the Subscriber's knowledge, none of the funds representing the
      subscription proceeds to be provided by the Subscriber (i) have been or
      will be derived from or related to any activity that is deemed criminal
      under the law of Canada, the United States of America, or any other
      jurisdiction, or (ii) are being tendered on behalf of a person or entity
      who has not been identified to the Subscriber; the Subscriber hereby
      further covenants that it shall promptly notify the Issuer if the
      Subscriber discovers that any of such representations ceases to be true,
      and shall provide the Issuer with appropriate information in connection
      therewith; and

Schedule A
- 4 -

	 	(b) 	
      it shall complete, sign and return such additional
      documentation as may be required from time to time under Applicable
      Securities Laws or any other applicable laws in connection with the
      Offering and this subscription.

	5.3 	
      Furthermore, the Subscriber and any Disclosed Principal
      is hereby notified and acknowledges that:

	 	 	 
		(a) 	
      the Issuer may deliver to the Ontario Securities
      Commission certain personal information pertaining to the Subscriber,
      including such Subscriber’s full name, residential address, telephone
      number and email address, the number of Securities purchased by the
      Subscriber and the total purchase price paid for such Securities, the
      prospectus exemption relied on by the Issuer and the date of distribution
      of the Securities,

	 	 	 
		(b) 	
      such information is being collected indirectly by the
      Ontario Securities Commission under the authority granted to it in
      securities legislation,

	 	 	 
		(c) 	
      such information is being collected for the purposes of
      the administration and enforcement of the securities legislation of
      Ontario, and

	 	 	 
		(d) 	
      the Subscriber may contact the following public official
      in Ontario with respect to questions about the Ontario Securities
      Commission’s indirect collection of such information at the following
      address and telephone number:

	 	Administrative Assistant to the Director of
      Corporate Finance 
	 	Ontario Securities Commission 
	 	Suite 1903, Box 55, 20 Queen Street West 
	 	Toronto, Ontario, M5H 3S8 
	 	Telephone: (416) 593-8086

	6. 	
      Selling Agents and Finders

	 	 
	6.1 	
      The Issuer will solicit offers to purchase the Securities
      through its directors and officers on a non-brokered basis. In the event
      that a person introduces the Issuer to a Subscriber, the Issuer may pay
      such person a finder's fee payable in cash or shares of the Issuer in
      accordance with applicable laws in respect of any Securities
  sold.

	 	 
	7. 	
      Resale Restrictions and Legending of
      Securities

	 	 
	7.1 	
      The Subscriber hereby acknowledges and agrees that the
      Offering is being made pursuant to Exemptions and, as a result, the
      Securities will be subject to a number of statutory restrictions on resale
      and trading. Until these restrictions expire, the Subscriber will not be
      able to sell or trade the Securities unless the Subscriber complies with
      an exemption from the prospectus and registration requirements under
      Applicable Securities Laws. In addition to any statutory hold period
      imposed by Applicable Securities Laws, in general, unless permitted under
      securities legislation, the Subscriber cannot trade the securities in
      Canada before the date that is four months and a day after the Closing
      Date. See also section 7.3 below.

	 	 
	7.2 	
      The Subscriber acknowledges and agrees
  that:

	 	(a) 	
      the Securities 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;

	 	 	 
	 	(b) 	
      the Issuer has no present intention and is not obligated
      under any circumstances to register the Securities, 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 Subscriber and the Issuer further
      acknowledge and agree that the Issuer 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; and

Schedule A 
- 5 -

	 	(c) 	
      the Warrants may not be exercised in the United States or
      otherwise by or to or for the account or benefit of a U.S. Person without
      registration under the 1933 Act and any applicable State securities laws,
      unless an exemption from registration is available and the holder of such
      Warrant furnishes the Issuer with a legal opinion of counsel satisfactory
      to the Issuer to that effect.

	7.3 	
      The foregoing discussion on hold periods and resale
      restrictions is a general summary only and is not intended to be
      comprehensive or exhaustive, or to apply in all circumstances.
      Subscribers are advised to consult with their own advisors concerning
      their particular circumstances and the particular nature of the
      restrictions on transfer, the extent of the applicable hold period and the
      possibilities of utilizing any further Exemptions or the obtaining of a
      discretionary order to transfer any Securities. Subscribers are further
      advised against attempting to resell or transfer any Securities until they
      have determined that any such resale or transfer is in compliance with the
      requirements of all Applicable Securities Laws, including but not limited
      to compliance with restrictions on certain pre-trade activities and the
      filing with the appropriate regulatory authority of reports required upon
      any resale of the Securities.

	 	 
	7.4 	
      In the event that any of the Securities are subject to a
      hold period or any other restrictions on resale and transferability, the
      Issuer will place a legend on the certificates representing the Securities
      as are required under Applicable Securities Laws, the Exchange or as it
      may otherwise deem necessary or advisable.

	 	 
	8. 	
      Miscellaneous

	 	 
	8.1 	
      The Subscriber acknowledges and agrees that all costs and
      expenses incurred by the Subscriber, including any fees and disbursements
      of any special counsel retained by the Subscriber, relating to the
      purchase, resale or transfer of the Securities shall be borne by the
      Subscriber.

	 	 
	8.2 	
      Each party to this subscription covenants that it will,
      from time to time both before and after the Closing, at the request and
      expense of the requesting party, promptly execute and deliver all such
      other notices, certificates, undertakings, escrow agreements and other
      instruments and documents, and shall do all such other acts and other
      things, as may be necessary or desirable for purposes of carry out the
      provisions of this subscription.

	 	 
	8.3 	
      Except as expressly provided for in this subscription and
      in any agreements, instruments and other documents contemplated or
      provided for herein, this subscription contains the entire agreement
      between the parties with respect to the sale of the Units and there are no
      other terms, conditions, representations, warranties, acknowledgments and
      agreements, whether expressed or implied, whether written or oral, and
      whether made by statute, common law, the parties hereto or anyone else.
      This subscription may only be amended by instrument in writing signed by
      the parties hereto.

	 	 
	8.4 	
      The invalidity or unenforceability of any particular
      provision of this subscription shall not affect or limit the validity or
      enforceability of the remaining provisions of this subscription.

	 	 
	8.5 	
      This subscription, including without limitation the
      terms, conditions, representations, warranties, acknowledgments and
      agreements contained herein, shall survive and continue in full force and
      effect and be binding upon the Subscriber and the Issuer notwithstanding
      the completion of the purchase and sale of the Securities, the conversion
      or exercise thereof and any subsequent disposition thereof by the
      Subscriber.

	 	 
	8.6 	
      This subscription is not transferable or assignable. This
      subscription shall enure to the benefit of and be binding upon the parties
      hereto and its respective successors and permitted assigns.

	 	 
	8.7 	
      This subscription is governed by the laws of the Province
      of British Columbia and the federal laws of Canada applicable therein. The
      Subscriber, in his personal or corporate capacity, irrevocably attorns to
      the jurisdiction of the courts of the Province of British
  Columbia.

	 	 
	8.8 	
      Time shall be of the essence
hereof.

Schedule A 
- 6 -

	8.9 	
      This subscription may be executed in as many counterparts
      as may be necessary and delivered by facsimile, and such counterparts and
      facsimiles shall be deemed to constitute one and the same original
      instrument. Without limiting the foregoing, the Issuer may rely on
      facsimile delivery of this subscription, and acceptance of such facsimile
      shall be effective to create a valid and binding agreement between the
      Subscriber and the Issuer.

SCHEDULE B

	1. 	
      Representations, Warranties, Acknowledgments and
      Agreements of the Subscriber

	 	 
	1.1 	
      The Subscriber, on its own behalf and on behalf of any
      Disclosed Principal, hereby represents, warrants, certifies, acknowledges
      and agrees for the benefit of the Issuer and its respective counsel
      that:

	 	(a) 	
      the Subscriber and any Disclosed Principal is resident in
      the jurisdiction set out on page 2 of the Subscription;

	 	 	 
	 	(b) 	
      no securities commission or similar regulatory authority
      has reviewed or passed on the merits of the Securities, and in particular
      no governmental agency or authority, stock exchange or other regulatory
      body or any other entity has made any finding or determination as to the
      merit for investment of, nor have any such agencies, authorities,
      exchanges, bodies or other entities made any recommendation or endorsement
      with respect to, the Securities;

	 	 	 
	 	(c) 	
      there is no government or other insurance covering the
      Securities;

	 	 	 
	 	(d) 	
      there are risks associated with the purchase of the
      Securities, being speculative investments which involve a substantial
      degree of risk;

	 	 	 
	 	(e) 	
      there are restrictions on the Subscriber's ability to
      resell the Securities and it is the responsibility of the Subscriber to
      find out what those restrictions are and to comply with them before
      selling the Securities;

	 	 	 
	 	(f) 	
      the Issuer has advised the Subscriber that it is relying
      on one or more exemptions from the requirements to provide the Subscriber
      with a prospectus and to sell securities through a person registered to
      sell securities under the Applicable Securities Laws, and as a consequence
      of acquiring the Securities pursuant to such exemption, certain
      protections, rights and remedies provided in applicable securities
      legislation, including statutory rights of rescission or damages, may not
      be available to it;

	 	 	 
	 	(g) 	
      the Subscriber has been further advised that due to the
      fact that no prospectus has been or is required to be filed with respect
      to any of the Securities under Applicable Securities Laws (i) the
      Subscriber may not receive information that might otherwise be required to
      be provided to it under such legislation, (ii) the Issuer is relieved from
      certain obligations that would otherwise apply under applicable
      legislation, and (iii) the Subscriber is restricted from using certain of
      the civil remedies available under such legislation;

	 	 	 
	 	(h) 	
      the Subscriber has had access to all information
      regarding the Issuer and the Securities that the Subscriber has considered
      necessary in connection with its investment decision, and, in particular,
      the Subscriber's decision to execute this subscription and purchase Units
      has been based entirely upon its review of the Public Record, including
      the Issuer's financial statements, and has not been based upon any written
      or oral representation or warranty as to fact or otherwise made by or on
      behalf of the Issuer;

	 	 	 
	 	(i) 	
      no person has made to the Subscriber any written or oral
      representations (i) that any person will resell or repurchase the
      Securities, (ii) that any person will refund the purchase price for the
      Securities, (iii) as to the future price or value of the Securities, or
      (iv) that the Securities will be listed and posted for trading or any
      stock exchange or that application has been made to list the common shares
      of the Issuer on any stock exchange;

	 	 	 
	 	(j) 	
      the Subscriber is capable by reason of knowledge and
      experience in financial and business matters in general, and investments
      in particular, of assessing and evaluating the merits and risks of an
      investment in the Securities, and is and will be able to bear the economic
      loss of its entire investment in any of the Securities and can otherwise
      be reasonably assumed to have the capacity to protect its own interest in
      connection with the investment;

	 	 	 
	 	(k) 	
      the Subscriber has been advised to consult its own
      investment, legal and tax advisors with respect to the merits and risks of
      an investment in the Securities and Applicable Securities Laws
  and resale restrictions, and in all cases the Subscriber has
      not relied upon the Issuer or its respective counsel or advisors for
      investment, legal or tax advice, always having, if desired, in all cases
      sought the advice of the Subscriber's own personal investment advisor,
      legal counsel and tax advisors, and in particular, the Subscriber has been
      advised and understands that it is solely responsible, and neither the
      Issuer nor its respective counsel or advisors are in any way responsible,
      for the Subscriber's compliance with Applicable Securities Laws and resale
      restrictions regarding the holding and disposition of the
  Securities;

Schedule B
 - 2 -

	 	(l) 	
      to the knowledge of the Subscriber, the Offering was not
      advertised or solicited in any manner in contravention of Applicable
      Securities Laws, and has not been made through or as a result of any
      general solicitation or general advertising or any seminar or meeting
      whose attendees have been invited by general solicitation or general
      advertising;

	 	 	 
	 	(m) 	
      the Subscriber has no knowledge of a "material fact" or
      "material change", as those terms are defined in the Applicable Securities
      Laws applicable in its jurisdiction of residence, in respect of the
      affairs of the Issuer that has not been generally disclosed to the
      public;

	 	 	 
	 	(n) 	
      the Subscriber is not a "control person" as defined in
      the policies of the Exchange, will not become a "control person" by virtue
      of purchasing the Units as contemplated herein, and does not intend to act
      in concert with any other person to form a control group of the
    Issuer;

	 	 	 
	 	(o) 	
      the Subscriber is not an investment club;

	 	 	 
	 	(p) 	
      the Subscriber has the legal capacity and competence to
      enter into and execute this subscription and to take all actions required
      pursuant hereto, and if the Subscriber is not an individual, it is also
      duly formed and validly subsisting under the laws of its jurisdiction of
      formation and all necessary approvals by its directors, shareholders,
      partners and others have been obtained to authorize the entering into and
      execution of this subscription and the taking of all actions required
      hereto on behalf of the Subscriber;

	 	 	 
	 	(q) 	
      the Subscriber has duly and validly entered into,
      executed and delivered this subscription and it constitutes a legal, valid
      and binding obligation of the Subscriber enforceable against it in
      accordance with its terms subject to applicable bankruptcy, insolvency,
      reorganization, moratorium and other laws of general application affecting
      the enforcement of creditors' rights generally and as limited by laws
      relating to the availability of equitable remedies;

	 	 	 
	 	(r) 	
      the entering into of this subscription and the
      transactions contemplated hereby does not and will not, conflict with,
      result in a violation or breach of, or constitute a default under, any of
      the terms and provisions of any law, regulation, order or ruling
      applicable to the Subscriber or any Disclosed Principal, or of any
      agreement, contract or indenture, written or oral, to which it or any
      Disclosed Principal is or may be a party or by which it or any Disclosed
      Principal is or may be bound, and, if the Subscriber or any Disclosed
      Principal is a corporation, its constating documents or any resolutions of
      its or the Disclosed Principal’s directors or shareholders;

	 	 	 
	 	(s) 	
      with respect to compliance with the 1933
  Act:

	 	(i) 	
      none of the Securities have been registered under the
      1933 Act, or under any state securities or "blue sky" laws of any state of
      the United States, and, unless so registered, may not be offered or sold
      except pursuant to an effective registration statement under the 1933 Act
      or pursuant to an exemption from, or in a transaction not subject to, the
      registration requirements of the 1933 Act;

	 	 	 
	 	(ii) 	
      the Subscriber acknowledges that the Issuer has not
      undertaken, and will have no obligation, to register any of the Shares
      under the 1933 Act;

	 	 	 
	 	(iii) 	
      the Subscriber is neither an underwriter of, or dealer
      in, the common shares of the Issuer, nor participating, pursuant to a
      contractual agreement or otherwise, in the distribution of the
      Securities;

Schedule B
 - 3 -

	 	(iv) 	
      the Subscriber is acquiring the Securities for investment
      only and not with a view to resale or distribution and, in particular, has
      no intention to distribute, directly or indirectly, all or any of the
      Securities in the United States or to U.S. Persons or to persons in the
      United States, and the Subscriber does not have any agreement or
      understanding (either written or oral) with any U.S. Person or person in
      the United States respecting (A) the transfer or assignment of any rights
      or interests in any of the Securities; (B) the division of profits,
      losses, fees, commissions, or any financial stake in connection with this
      subscription or the Securities; or (C) the voting of any securities
      offered hereby or underlying any securities offered hereby;

	 	 	 
	 	(v) 	
      the Subscriber does not intend to and will not engage in
      hedging transactions with regard to the Securities unless in compliance
      with the 1933 Act;

	 	 	 
	 	(vi) 	
      no documents in connection with the sale of the
      Securities hereunder have been reviewed by the Securities and Exchange
      Commission or any state securities administrators

	 	 	 
	 	(vii) 	
      any person who acquires Securities may at the Issuer's
      discretion be required to provide the Issuer with written certification
      that it is not a U.S. Person or person in the United States and that the
      Securities are not being acquired, directly or indirectly, for the account
      or benefit of a U.S. Person or person in the United States; and

	 	 	 
	 	(viii) 	
      the current structure of this transaction and all
      transactions and activities contemplated hereunder, and the Subscriber's
      participation therein, is not a scheme to avoid the registration
      requirements of the 1933 Act;

	 	(t) 	
      unless the Subscriber has completed Form 3 – Certificate
      of U.S. Accredited Investor Status, attached hereto:

	 	 	 	 
	 		(i) 	
      the Subscriber is not a U.S. Person or person in the
      United States and is not acquiring the Securities, directly or indirectly,
      for the account or the benefit of a U.S. Person or person in the United
      States; and

	 	 	 	 
	 		(ii) 	
      no offers to sell the Units were made by any person to
      the Subscriber while the Subscriber was in the United States and the
      Subscriber was outside the United States at the time of execution and
      delivery of this subscription; and

	 	(u) 	
      if the Subscriber has completed Form 3 – Certificate of
      U.S. Accredited Investor Status, attached hereto:

	 	 	 	 
	 		(i) 	
      the Subscriber, by completing Form 3 – Certificate of
      U.S. Accredited Investor Status, is representing and warranting to the
      Issuer that the Subscriber is an "accredited investor" as the term is
      defined in Regulation D under the 1933 Act, and that all information
      contained in the Subscriber's completed Form 3 is complete and accurate
      and may be relied upon by the Issuer;

	 	 	 	 
	 		(ii) 	
      the Subscriber will not acquire the Securities as a
      result of, and will not itself engage in, any activities undertaken for
      the purpose of, or that could reasonably be expected to have the effect
      of, conditioning the market in the United States for the resale of any of
      the Securities; provided, however, that the Subscriber may sell or
      otherwise dispose of any of the Securities pursuant to registration
      thereof under the 1933 Act and any applicable state securities laws or
      under an exemption from such registration requirements;

	 	 	 	 
	 		(iii) 	
      the Subscriber and the Subscriber's advisor(s) have had a
      reasonable opportunity to ask questions of and receive answers from the
      Issuer in connection with the distribution of the Securities hereunder,
      and to obtain additional information, to the extent possessed or
      obtainable without unreasonable effort or expense, necessary to verify the
      accuracy of the information about the Issuer;

Schedule B
 - 4 -

	 	(iv) 	
      the books and records of the Issuer were available upon
      reasonable notice for inspection, subject to certain confidentiality
      restrictions, by the Subscriber during reasonable business hours at its
      principal place of business, and all documents, records and books in
      connection with the distribution of the Securities hereunder have been
      made available for inspection by the Subscriber, the Subscriber’s lawyer
      and/or advisor(s);

	 	 	 
	 	(v) 	
      the Subscriber hereby acknowledges that that upon the
      issuance thereof, and until such time as the same is no longer required
      under the applicable securities laws and regulations, the certificates
      representing any of the Securities will bear a legend in substantially the
      following form:

	
      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. 

	 	(vi) 	
      the Company will refuse to register any transfer of the
      Securities not made pursuant to an effective registration statement under
      the 1933 Act or pursuant to an available exemption from the registration
      requirements of the 1933 Act; and

	 	 	 
	 	(vii) 	
      the statutory and regulatory basis for the exemption
      claimed for the offer of the Securities would not be available if the
      offering is part of a plan or scheme to evade the registration provisions
      of the 1933 Act.

	1.2 	
      The Subscriber hereby represents, warrants, acknowledges
      and agrees for the benefit of the Issuer that it is:

	 	 	 
		(a) 	
      purchasing the Units as principal for investment purposes
      only, for its own account and not for the benefit of any other person and
      not with a view to, or for resale in connection with, any distribution
      thereof in violation of any Applicable Securities Laws; or

	 	 	 
		(b) 	
      deemed to be purchasing as principal pursuant to NI45-106
      by virtue of the Subscriber being an "accredited investor" as such term is
      defined in paragraphs (p) or (q) of the definition of "accredited
      investor" in NI45-106 (reproduced in Form 1 attached hereto) and provided,
      however, that the Subscriber is not a trust company or trust corporation
      registered under the laws of Prince Edward Island that is not registered
      or authorized under the Trust and Loan Companies Act (Canada) or
      under comparable legislation in another jurisdiction in Canada, and that
      the Subscriber has concurrently executed and delivered Form 1 and under
      the heading of Category 1: Accredited Investor therein checked off
      paragraphs (p) or (q); or

	 	 	 
		(c) 	
      acting as agent for a Disclosed Principal (whose name and
      residential address are disclosed on page 2 of this Agreement) who is
      purchasing the Units as principal for investment purposes only, that the
      Subscriber is duly authorized and empowered to enter into this
      subscription, make all requisite representations, warranties,
      certifications, acknowledgments and agreements and execute all
      documentation in connection therewith on behalf of the Disclosed
      Principal, and that the Subscriber has concurrently completed, executed
      and delivered Form 1 and Forms 2 and 3, as applicable, on behalf of such
      Disclosed Principal in compliance with this
Agreement.

	1.3 	
      The Subscriber, on its own behalf and on behalf of any
      Disclosed Principal, hereby represents, warrants, acknowledges and agrees
      for the benefit of the Issuer and its respective counsel that:

	 	 	 
		(a) 	
      in respect of all Subscribers, and any Disclosed
      Principals for which the Subscriber is acting, it
is:

Schedule B 
- 5 -

	 	(i) 	
      a person described in section 2.3 of NI45-106 by virtue
      of being an "accredited investor" as defined in NI45-106, and provided
      that it is not a person that is or has been created or used solely to
      purchase or hold securities as an "accredited investor" as described in
      paragraph (m) of the definition of "accredited investor" in
    NI45-106;

	 	 	 
	 	(ii) 	
      a person described in section 2.5 of NI45-106 by virtue
      of being (A) a director, executive officer or control person of the Issuer
      or of an affiliate of the Issuer; (B) a spouse, parent, grandparent,
      brother, sister or child of a director, executive officer or control
      person of the Issuer or an affiliate of the Issuer; (C) a parent,
      grandparent, brother, sister or child of the spouse of a director,
      executive officer or control person of the Issuer or of an affiliate of
      the Issuer; (D) a close personal friend or close business associate of a
      director, executive officer or control person of the Issuer or of an
      affiliate of the Issuer; (E) a founder of the Issuer or a spouse, parent,
      grandparent, brother, sister, child, close personal friend or close
      business associate of a founder of the Issuer; (F) a parent, grandparent,
      brother, sister or child of a spouse of a founder of the Issuer; (G) a
      person of which a majority of the voting securities are beneficially owned
      by, or a majority of the directors are, persons described in paragraphs
      1.3(a)(ii)(A) to 1.3(a)(ii)(F); or (H) a trust or estate of which all of
      the beneficiaries or a majority of the trustees are persons described in
      paragraphs 1.3(a)(ii)(A) to 1.3(a)(ii)(F);

	 	 	 
	 	(iii) 	
      a person described in section 2.10 of NI45-106 by virtue
      of the Units having an acquisition cost to the purchaser of not less than
      $150,000 paid in cash, and provided that it is not a person that is or has
      been created or used solely to purchase or hold securities in reliance on
      the exemption provided by section 2.10 of NI45-106, and further provided
      that if it is resident in or otherwise subject to the securities laws of
      Alberta, no document purporting to describe the business and affairs of
      the Issuer, which has been prepared for review by prospective purchasers
      to assist such prospective purchasers in making an investment decision in
      respect of the Units, has been delivered to or summarized for or seen by
      or requested by the Subscriber in connection with the Offering;
  or

	 	 	 
	 	(iv) 	
      a person described in section 2.24 of NI45-106 by virtue
      of being an employee, "executive officer", "director" or "consultant" of
      the Issuer or of a "related entity" of the Issuer or by virtue of being a
      "permitted assign" of the foregoing persons, as those terms are defined in
      sections 1.1 or 2.22 of NI45-106, and its participation in the Offering is
      voluntary,

and the Subscriber has certified same
by marking the applicable boxes and signing and returning Form 1 herein;
and

	 	(b) 	
      in respect of all Subscribers, and any Disclosed
      Principals for which the Subscriber is acting, who are resident in or
      otherwise subject to the securities laws of Ontario, it is:

	 	 	 	 
	 		(i) 	
      a person described in subsection 1.3(a)(i), (iii) or (iv)
      of this Schedule B; or

	 	 	 	 
	 		(ii) 	
      a person described in section 2.7 of NI45-106 by virtue
      of being (A) a founder of the Issuer; (B) an affiliate of a founder of the
      Issuer; (C) a spouse, parent, brother, sister, grandparent or child of an
      executive officer, director or founder of the Issuer; or (D) a person that
      is a control person of the Issuer,

	 		
      and the Subscriber has certified same by marking the
      applicable boxes and signing and returning Form 1 herein;
      and

	 	 	 	 
	 	(c) 	
      in respect of all Subscribers, and any Disclosed
      Principals for which the Subscriber is acting, who are resident outside of
      Canada or the United States:

	 	 	 	 
	 		(i) 	
      it is knowledgeable of, or has been independently advised
      as to, the applicable securities laws of the securities regulatory
      authorities (the "Authorities") having application to
the Offering and the Issuer in the jurisdiction (the
      "International Jurisdiction") in which the Subscriber is
  resident;

Schedule B
 - 6 -

	 	(ii) 	
      it is purchasing Securities pursuant to an applicable
      exemption from any prospectus, registration or similar requirements under
      the applicable securities laws of the International Jurisdiction, or the
      Subscriber is permitted to purchase the Securities under the applicable
      securities laws of the International Jurisdiction without the need to rely
      on such exemptions;

	 	 	 
	 	(iii) 	
      the applicable securities laws of the International
      Jurisdiction do not require the Issuer to make any filings or seek any
      approvals of any nature whatsoever with or from any of the Authorities in
      connection with the Offering or the Securities, including any resale
      thereof;

	 	 	 
	 	(iv) 	
      the Offering and the completion of the offer and sale of
      the Securities to the Subscriber as contemplated herein complies in all
      respects with the applicable securities laws of the International
      Jurisdiction, and does not trigger:

	 	(A) 	
      any obligation to prepare and file a prospectus or
      similar or other offering document, or any other report with respect to
      such purchase in the International Jurisdiction; or

	 	 	 
	 	(B) 	
      any continuous disclosure reporting obligation of the
      Issuer in the International Jurisdiction; and

	 	(v) 	
      it will, if requested by the Issuer, deliver to the
      Issuer a certificate or opinion of local counsel from the International
      Jurisdiction which will confirm the matters referred to in subparagraphs
      (ii), (iii) and (iv) above to the satisfaction of the Issuer, acting
      reasonably.

	2. 	
      Reliance, Notification, Indemnity and
      Survival

	 	 
	2.1 	
      The Subscriber acknowledges and agrees that the Issuer
      and its respective counsel will and can rely on the representations,
      warranties, certifications, acknowledgments and agreements of the
      Subscriber contained in this subscription and otherwise provided by the
      Subscriber to and with the Issuer to determine the availability of
      Exemptions should this subscription be accepted, and otherwise in
      completing the offering, issue and sale of the Securities to the
      Subscriber in accordance with applicable laws.

	 	 
	2.2 	
      The Subscriber undertakes to notify the Issuer
      immediately of any change in any representation, warranty or other
      information pertaining to the Subscriber herein or otherwise provided in
      connection with this subscription which takes place prior to
    Closing.

	 	 
	2.3 	
      The Subscriber hereby agrees to indemnify and hold
      harmless the Issuer against all actions, claims, damages, costs, expenses,
      losses and liabilities which it may suffer or incur as a result of this
      subscription.

	 	 
	2.4 	
      The representations, warranties, acknowledgements and
      agreements made by the Subscriber in this subscription and otherwise
      provided by the Subscriber and the Issuer shall be true and correct as of
      the date of execution of this subscription and as of Closing as if
      repeated thereat, and shall survive the
Closing.

Each Subscriber is required to complete and execute this
Certificate. If the Subscriber is purchasing as agent for a Disclosed Principal
it must complete and provide as a separate attachment a copy of this Certificate
on behalf of such Disclosed Principal. All subscribers, other than residents of
Ontario, must qualify under at least one of categories 1 to 4. All subscribers
resident in Ontario must qualify under at least one of categories 1, 3, 4 or
6.

FORM 1

CERTIFICATE FOR EXEMPTION

In addition to the representations, warranties acknowledgments
and agreements contained in the subscription to which this Form 1 – Certificate
for Exemption is attached, the Subscriber, for itself or on behalf of any
Disclosed Principal, as applicable, hereby represents, warrants and certifies to
the Issuer that the Subscriber or the Disclosed Principal, as applicable, is
purchasing the securities set out in the subscription as principal, that it is
resident in the jurisdiction set out on the Acceptance Page of the subscription
and: [check all appropriate boxes]

Category 1: Accredited Investor

The Subscriber or the Disclosed Principal, as applicable,
is:

	 [  ]	(a) 	
      a Canadian financial institution, or a Schedule III
      bank;

	 	 	 
	 [  ]	(b) 	
      the Business Development Bank of Canada incorporated
      under the Business Development Bank of Canada Act;

	 	 	 
	 [  ]	(c) 	
      a subsidiary of any person referred to in paragraphs (a)
      or (b), if the person owns all of the voting securities of the subsidiary,
      except the voting securities required by law to be owned by directors of
      that subsidiary;

	 	 	 
	 [  ]	(d) 	
      a person registered under the securities legislation of a
      jurisdiction of Canada, as an adviser or dealer, other than a person
      registered solely as a limited market dealer under one or both of the
      Securities Act (Ontario), or the Securities Act
      (Newfoundland and Labrador);

	 	 	 
	 [  ]	(e) 	
      an individual registered or formerly registered under the
      securities legislation of a jurisdiction of Canada as a representative of
      a person referred to in paragraph (d);

	 	 	 
	 [  ]	(f) 	
      the Government of Canada or a jurisdiction of Canada, or
      any crown corporation, agency or wholly owned entity of the Government of
      Canada or a jurisdiction of Canada;

	 	 	 
	 [  ]	(g) 	
      a municipality, public board or commission in Canada and
      a metropolitan community, school board, the Comité de gestion de la taxe
      scolaire de l'île de Montréal or an intermunicipal management board in
      Québec;

	 	 	 
	 [  ]	(h) 	
      any national, federal, state, provincial, territorial or
      municipal government of or in any foreign jurisdiction, or any agency of
      that government;

	 	 	 
	 [  ]	(i) 	
      a pension fund that is regulated by either the Office of
      the Superintendent of Financial Institutions (Canada) or a pension
      commission or similar regulatory authority of a jurisdiction of
    Canada;

	 	 	 
	 [  ]	(j) 	
      an individual who, either alone or with a spouse,
      beneficially owns, directly or indirectly, financial assets having an
      aggregate realizable value that before taxes, but net of any related
      liabilities, exceeds Cdn$1,000,000;

	 	 	 
	 [  ]	(k) 	
      an individual whose net income before taxes exceeded
      Cdn$200,000 in each of the two most recent calendar years or whose net
      income before taxes combined with that of a spouse exceeded Cdn$300,000 in
      each of the two most recent calendar years and who, in either case,
      reasonably expects to exceed that net income level in the current calendar
      year;

	 	 	 
	 [  ]	(l) 	
      an individual who, either alone or with a spouse, has net
      assets of at least Cdn$5,000,000;

	 	 	 
	 [  ]	(m) 	
      a person, other than an individual or investment fund,
      that has net assets of at least Cdn$5,000,000 as shown on its most
      recently prepared financial statements;

	Form 1 	Exemption Certificate 
	- 2 - 	  

	 [  ]	(n) 	
      an investment fund that distributes or has distributed
      its securities only to:

	 	 	 	 
	 		(i) 	
      a person that is or was an accredited investor at the
      time of the distribution;

	 	 	 	 
	 		(ii) 	
      a person that acquires or acquired securities in the
      circumstances referred to in sections 2.10 and 2.19 of NI 45-106,
  or

	 	 	 	 
	 		(iii) 	
      a person described in paragraph (i) or (ii) that acquires
      or acquired securities under section 2.18 of NI
45-106;

	 [  ]	(o) 	
      an investment fund that distributes or has distributed
      securities under a prospectus in a jurisdiction of Canada for which the
      regulator or, in Quebec, the securities regulatory authority, has issued a
      receipt;

	 	 	 
	 [  ]	(p) 	
      a trust company or trust corporation registered or
      authorized to carry on business under the Trust and Loan Companies Act
      (Canada) or under comparable legislation in a jurisdiction of Canada
      or a foreign jurisdiction, acting on behalf of a fully managed account
      managed by the trust company or trust corporation, as the case may
    be;

	 	 	 
	 [  ]	(q) 	
      a person acting on behalf of a fully managed account
      managed by that person, if that person:

	 	(i) 	
      is registered or authorized to carry on business as an
      adviser or the equivalent under the securities legislation of a
      jurisdiction of Canada or a foreign jurisdiction; and

	 	 	 
	 	(ii) 	
      in Ontario, is purchasing a security that is not a
      security of an investment fund;

	 [  ]	(r) 	
      a registered charity under the Income Tax Act
      (Canada) that, in regard to the trade, has obtained advice from an
      eligibility adviser or an adviser registered under the securities
      legislation of the jurisdiction of the registered charity to give advice
      on the securities being traded;

	 	 	 
	 [  ]	(s) 	
      an entity organized in a foreign jurisdiction that is
      analogous to any of the entities referred to in paragraphs (a) to (d) or
      paragraph (i) in form and function;

	 	 	 
	 [  ]	(t) 	
      a person in respect of which all of the owner of
      interests, direct, indirect or beneficial, except the voting securities
      required by law to be owned by directors, are persons that are accredited
      investors;

	 	 	 
	 [  ]	(u) 	
      an investment fund that is advised by a person registered
      as an adviser or a person that is exempt from registration as an adviser,
      or

	 	 	 
	 [  ]	(v) 	
      a person that is recognized or designated by the
      securities regulatory authority or, except in Ontario and Quebec, the
      regulator as:

	 	(i) 	
      an accredited investor; or

	 	 	 
	 	(ii) 	
      an exempt purchaser in Alberta or British Columbia after
      NI 45-106 comes into force.

Definitions:

"Canadian financial institution" means

	 	(a) 	
      an association governed by the Cooperative Credit
      Associations Act (Canada) or a central cooperative credit society for
      which an order has been made under section 473(1) of that Act,
or

	 	 	 
	 	(b) 	
      a bank, loan corporation, trust company, trust
      corporation, insurance company, treasury branch, credit union, caisse
      populaire, financial services cooperative, or league that, in each case,
      is authorized by an enactment of Canada or a jurisdiction of Canada to
      carry on business in Canada or a jurisdiction of
Canada;

"EVCC" means an employee venture capital corporation
that does not have a restricted constitution, and is registered under Part 2 of
the Employee Investment Act (British Columbia), R.S.B.C. 1996 c. 112, and
whose business objective is making multiple investments; 

"financial assets" means 

	 	(a) 	
      cash,

	Form 1 	Exemption Certificate 
	- 3 - 	  

	 	(b) 	
      securities, or

	 	 	 
	 	(c) 	
      a contract of insurance, a deposit or an evidence of a
      deposit that is not a security for the purposes of securities
      legislation;

"fully managed account" means an account of a client for
which a person makes the investment decisions if that person has full discretion
to trade in securities for the account without requiring the client's express
consent to a transaction;

 "investment fund" means a mutual fund or a
non-redeemable investment fund, and, for greater certainty in British Columbia,
includes an EVCC and a VCC; 

"person" includes

	 	(a) 	
      an individual,

	 	 	 
	 	(b) 	
      a corporation,

	 	 	 
	 	(c) 	
      a partnership, trust, fund and an association, syndicate,
      organization or other organized group of persons, whether incorporated or
      not, and

	 	 	 
	 	(d) 	
      an individual or other person in that person's capacity
      as a trustee, executor, administrator or personal or other legal
      representative;

"related liabilities" means

	 	(a) 	
      liabilities incurred or assumed for the purpose of
      financing the acquisition or ownership of financial assets, or

	 	 	 
	 	(b) 	
      liabilities that are secured by financial
  assets;

"Schedule III bank" means an authorized foreign bank
named in Schedule III of the Bank Act (Canada);

 "spouse" means, an individual who,

	 	(a) 	
      is married to another individual and is not living
      separate and apart within the meaning of the Divorce Act (Canada),
      from the other individual, or

	 	 	 
	 	(b) 	
      is living with another individual in a marriage-like
      relationship, including a marriage-like relationship between individuals
      of the same gender; or

	 	 	 
	 	(c) 	
      in Alberta, is an individual referred to in paragraph (a)
      or (b), or is an adult interdependent partner within the meaning of the
      Adult Interdependent Relationships Act
(Alberta);

"subsidiary" means in issuer that is controlled directly
or indirectly by another issuer and includes a subsidiary of that subsidiary;

"VCC" means a venture capital corporation registered
under Part 1 of the Small Business Venture Capital Act (British Columbia),
R.S.B.C. 1996 c. 429, whose business objective is making multiple
investments.

Category 2: Family, Friends and Business Associates
(not available for Ontario residents)

The Subscriber or the Disclosed Principal, as applicable, is
not a resident of or otherwise subject to the securities laws of Ontario, and is
[check appropriate box and complete related blanks]

	 [  ]	(a) 	
      a director, executive officer or control person of the
      Issuer or of an affiliate of the Issuer;

	 	 	 
	 [  ]	(b) 	
      a spouse, parent, grandparent, brother, sister or child
      of a director, executive officer or control person of the Issuer or an
      affiliate of the Issuer;

	 	 	 
	 [  ]	(c) 	
      a parent, grandparent, brother, sister or child of the
      spouse of a director, executive officer or control person of the Issuer or
      of an affiliate of the Issuer;

	 	 	 
	 [  ]	(d) 	
      a close personal friend* of a director, executive officer
      or control person of the Issuer or of an affiliate of the
  Issuer;

	Form 1 	Exemption Certificate 
	- 4 - 	  

	 [  ]	(e) 	
      a close business associate** of a director, executive
      officer or control person of the Issuer or of an affiliate of the
      Issuer;

	 	 	 
	 [  ]	(f) 	
      a founder of the Issuer or a spouse, parent, grandparent,
      brother, sister, child, close personal friend or close business associate
      of a founder of the Issuer; or

	 	 	 
	 [  ]	(g) 	
      a parent, grandparent, brother, sister or child of a
      spouse of a founder of the Issuer,

of which the relevant director, executive officer, control
person or founder of the Issuer or affiliate of the Issuer is:

______________________________________________________________________;
OR

	 [  ]	(h) 	
      a person of which a majority of the voting
      securities are beneficially owned by persons described in paragraphs (a)
      to (g);

	 	 	 
	 [  ]	(i) 	
      a person of which a majority of the directors are
      persons described in paragraphs (a) to (g);

	 	 	 
	 [  ]	(j) 	
      a trust or estate of which all of the
      beneficiaries are persons described in paragraphs (a) to (g); or

	 	 	 
	 [  ]	(k) 	
      a trust or estate of which a majority of the
      trustees or executors are persons described in paragraphs (a) to
    (g).

Notes:

	* 	
      "close personal friend" means an individual who has known
      the named director, executive officer, control person or founder well
      enough and for a sufficient period of time to be in a position to assess
      the capabilities and trustworthiness of that person. The term "close
      personal friend" can include a family member who is not already
      specifically identified in paragraphs (b), (c), (f) or (g) if the family
      member otherwise meets the criteria described above. An individual’s
      relationship with the named director, executive officer, control person or
      founder must be direct. An individual is not a "close personal friend"
      solely because that individual is a relative, a client, customer, former
      client or former customer of, or is a member of the same organization,
      association or religious group as, the named director, executive officer,
      control person or founder.

	 	 
	** 	
      "close business associate" means an individual who has
      had sufficient prior business dealings with the named director, executive
      officer, control person or founder to be in a position to assess the
      capabilities and trustworthiness of that person. An individual's
      relationship with the named director, executive officer, control person or
      founder must be direct. An individual is not a “close business associate”
      solely because that individual is a client, customer, former client or
      former customer of, or is a casual business associate of, or is a person
      introduced or solicited for the purpose of purchasing securities by, the
      named director, executive officer, control person or
  founder.

Category 3: $150,000 Purchaser

[  ]  The Subscriber or the Disclosed Principal, as
applicable, has an acquisition cost for the Units of not less than $150,000 paid
in cash, and is not a person that is or has been created or used solely to
purchase or hold securities in reliance on the exemption provided by section 2.5
of NI45-106.

Category 4: Employees, Officers, Directors and
Consultants

The Subscriber or the Disclosed Principal, as applicable,
is:

	 [  ]	(a) 	
      an employee of the Issuer or of a "related entity" of the
      Issuer;

	 	 	 
	 [  ]	(b) 	
      an executive officer of the Issuer or of a "related
      entity" of the Issuer;

	 	 	 
	 [  ]	(c) 	
      a director of the Issuer or of a "related entity" of the
      Issuer;

	 	 	 
	 [  ]	(d) 	
      a consultant of the Issuer or of a "related entity" of
      the Issuer; or

	Form 1 	Exemption Certificate 
	- 5 - 	  

	 [  ]	(e) 	
      a "permitted assign" of a person described in paragraphs
      (a) to (d),

and its participation in the Offering is voluntary.

Category 5: Offering Memorandum (not
available for Ontario residents)

[NOT APPLICABLE]

Category 6: Founder, Control Person and Family
(only available for Ontario residents)

The Subscriber or the Disclosed Principal, as applicable, is
resident in or otherwise subject to the securities laws of Ontario, and is:

	 [  ]	(a) 	
      a founder of the Issuer;

	 	 	 
	 [  ]	(b) 	
      an affiliate of a founder of the Issuer;

	 	 	 
	 [  ]	(c) 	
      a spouse, parent, brother, sister, grandparent or child
      of an executive officer, director or founder of the Issuer, of which the
      relevant executive officer, director or founder is ; or

	 	 	 
	 [  ]	(d) 	
      a person that is a control person of the
  Issuer.

* * * * * * *

The representations, warranties, statements and certification
made in this Certificate are true and accurate as of the date of this
Certificate and will be true and accurate as of the Closing. If any such
representation, warranty, statement or certification becomes untrue or
inaccurate prior to the Closing, the Subscriber shall give the Issuer immediate
written notice thereof.

The Subscriber acknowledges and agrees that the Issuer will and
can rely on this Certificate in connection with the Subscriber's Subscription
Agreement.

	EXECUTED by the Subscriber at this_______ day of
      _______________, 20____. 
	 
	If a corporation, partnership or other entity: 	 	If an individual: 
	 	 	 
	Print Name of Subscriber/Disclosed Principal 	 	Print Name of Subscriber/Disclosed
      Principal 
	 	 	 
	Signature of Authorized Signatory 	 	Signature 
	 	 	 
	Name and Position of Authorized Signatory 	 	Representative Capacity, if applicable
    
	 	 	 
	Jurisdiction of Residence of Subscriber/Disclosed
      Principal 	 	Jurisdiction of Residence of
      Subscriber/Disclosed Principal 

FORM 2

CERTIFICATE OF U.S. ACCREDITED INVESTOR STATUS

In addition to the representations, warranties acknowledgments
and agreements contained in the subscription (the "Subscription Agreement") to
which this Form 3 – Certificate of Accredited Investor Status is attached, the
Subscriber, for itself or on behalf of any Disclosed Principal, as applicable,
hereby represents, warrants and certifies to the Issuer that the Subscriber or
the Disclosed Principal, as applicable, is purchasing the securities set out in
the Subscription Agreement as principal, that it is resident in the jurisdiction
set out on the Subscriber's execution page of the Subscription Agreement,
and:

	1. 	
      The Subscriber represents, warrants, acknowledges and
      agrees to and with the Issuer that:

	 	(a) 	
      the Subscriber is a U.S. Person;

	 	 	 
	 	(b) 	
      the Subscriber has such knowledge and experience in
      financial and business matters as to be capable of evaluating the merits
      and risks of the transactions detailed in the Subscription Agreement and
      it is able to bear the economic risk of loss arising from such
      transactions;

	 	 	 
	 	(c) 	
      the Subscriber is acquiring the Securities for investment
      only and not with a view to resale or distribution and, in particular, it
      has no intention to distribute either directly or indirectly any of the
      Securities in the United States or to U.S. Persons; provided, however,
      that the Subscriber may sell or otherwise dispose of any of the Securities
      pursuant to registration thereof pursuant to the Securities Act of
      1933, as amended (the "1933 Act"), and any applicable State securities
      laws or if an exemption from such registration requirements is available
      or registration is otherwise not required under this 1933 Act;

	 	 	 
	 	(d) 	
      the Subscriber satisfies one or more of the categories
      indicated below (check appropriate
box):

		[ ] 	Category 1: 	
      An organization described in Section 501(c)(3) of the
      United States Internal Revenue Code, a corporation, a Massachusetts or
      similar business trust or partnership, not formed for the specific purpose
      of acquiring the Securities, with total assets in excess of US $5,000,000;      

	 	  	  	  
		[ ] 	Category 2: 	
      A natural person whose individual net worth, or joint net
      worth with that person's spouse, on the date of purchase exceeds US
      $1,000,000; 

	 	  	  	  
		[ ] 	Category 3: 	
      A natural person who had an individual income in excess
      of US $200,000 in each of the two most recent years or joint income with
      that person's spouse in excess of US $300,000 in each of those years and
      has a reasonable expectation of reaching the same income level in the
      current year; 

	 	  	  	  
		[ ] 	Category 4: 	
      A “bank” as defined under Section (3)(a)(2) of the 1933
      Act or savings and loan association or other institution as defined in
      Section 3(a)(5)(A) of the 1933 Act acting in its individual or fiduciary
      capacity; a broker dealer registered pursuant to Section 15 of the
      Securities Exchange Act of 1934 (United States); an insurance
      company as defined in Section 2(13) of the 1933 Act; an investment company
      registered under the Investment Company Act of 1940 (United States)
      or a business development company as defined in Section 2(a)(48) of such
      Act; a Small Business Investment Company licensed by the U.S. Small
      Business Administration under Section 301(c) or (d) of the Small
      Business Investment Act of 1958 (United States); a plan with total
      assets in excess of $5,000,000 established and maintained by a state, a
      political subdivision thereof, or an agency or instrumentality of a state
      or a political subdivision thereof, for the benefit of its employees; an
      employee benefit plan within the meaning of the Employee Retirement
      Income Security Act of 1974 (United States) whose investment decisions
      are made by a plan fiduciary, as defined in Section 3(21) of such Act,
      which is either a bank, savings and loan association, insurance company or
      registered investment adviser, or if the employee benefit plan has total
      assets in excess of $5,000,000, or, if a self-directed plan, whose
      investment decisions are made solely by persons that are accredited
  investors; 

	Form 3 	US Accredited Certificate 
	- 2 - 	  

		[ ] 	Category 5: 	
      A private business development company as defined in
      Section 202(a)(22) of the Investment Advisers Act of 1940 (United
      States); 

	 	  	  	
       

	 	[ ] 	Category 6: 	
      A director or executive officer of the Issuer; 

	 	  	  	
       

		[ ] 	Category 7 	
      A trust with total assets in excess of $5,000,000, not
      formed for the specific purpose of acquiring the Securities, whose
      purchase is directed by a sophisticated person as described in Rule
      506(b)(2)(ii) under the 1933 Act; or 

	 	  	  	
       

		[ ] 	Category 8 	
      An entity in which all of the equity owners satisfy the
  requirements of one or more of the foregoing categories; and  

	 	(e) 	
      the Subscriber is not acquiring the Securities as a
      result of any form of general solicitation or general advertising
      including advertisements, articles, notices or other communications
      published in any newspaper, magazine or similar media or broadcast over
      radio, or television, or any seminar or meeting whose attendees have been
      invited by general solicitation or general
advertising.

	2. 	
      The Subscriber acknowledges and agrees that:

	 	 	 	 
		(a) 	
      if the Subscriber decides to offer, sell or otherwise
      transfer any of the Securities, it will not offer, sell or otherwise
      transfer any of such securities, directly or indirectly, unless:

	 	 	 	 
			(i) 	
      the sale is to the Issuer;

	 	 	 	 
			(ii) 	
      the sale is made pursuant to the exemption from the
      registration requirements under the 1933 Act provided by Rule 144
      thereunder if available and in accordance with any applicable state
      securities or "Blue Sky" laws; or

	 	 	 	 
			(iii) 	
      the Securities are sold in a transaction that does not
      require registration under the 1933 Act or any applicable U.S. state laws
      and regulations governing the offer and sale of securities, and it has
      prior to such sale furnished to the Issuer an opinion of counsel
      reasonably satisfactory to the Issuer;

	 	(b) 	
      any of the Warrants may not be exercised in the United
      States or by or on behalf of a U.S. Person unless registered under the
      1933 Act and any applicable state securities laws unless an exemption from
      such registration requirements is available;

	 	 	 
	 	(c) 	
      the Subscriber has not acquired the Securities as a
      result of, and will not itself engage in any activities undertaken for the
      purpose of, or that could reasonably be expected to have the effect of,
      conditioning the market in the United States for the resale of any of the
      Securities; provided, however, that the Subscriber may sell or otherwise
      dispose of any of the Securities pursuant to registration of any of the
      Securities pursuant to the 1933 Act and any applicable state securities
      laws or under an exemption from such registration requirements and as
      otherwise provided herein;

	 	 	 
	 	(d) 	
      upon the issuance thereof, and until such time as the
      same is no longer required under the applicable requirements of the 1933
      Act or applicable U.S. State laws and regulations, the certificates
      representing any of the Securities will bear a legend in substantially the
      following form:

	
      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

	Form 3 	US Accredited Certificate 
	- 3 - 	  

REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN ACCORDANCE
WITH APPLICABLE STATE SECURITIES LAWS.

	 	(e) 	
      the Issuer may make a notation on its records or instruct
      the registrar and transfer agent of the Issuer in order to implement the
      restrictions on transfer set forth and described herein; and

	 	 	 
	 	(f) 	
      the Subscriber, if an individual, is a resident of the
      state or other jurisdiction disclosed as its address on the Subscriber's
      execution page of the Subscription Agreement, or if the Subscriber is not
      an individual, the office of the Subscriber at which the Subscriber
      received and accepted the offer to acquire the Securities is the address
      listed on the Subscriber's execution page of the Subscription
      Agreement.

* * * * * * *

The representations, warranties, statements and certification
made in this Certificate are true and accurate as of the date of this
Certificate and will be true and accurate as of the Closing. If any such
representation, warranty, statement or certification becomes untrue or
inaccurate prior to the Closing, the Subscriber shall give the Issuer immediate
written notice thereof.

The Subscriber acknowledges and agrees that the Issuer will and
can rely on this Certificate in connection with the Subscriber's Subscription
Agreement.

IN WITNESS, the undersigned has executed this Certificate as of
the ________day of __________________, 2013.

	If a Corporation, Partnership or Other Entity: 	 	If an Individual: 
	 	 	 
	Print or Type Entity's Name 	 	Print or Type Individual's Name 
	 	 	 
	Signature of Authorized Signatory 	 	Signature 
	 	 	 
	Name and Title of Authorized Signatory 	 	Social Security/Tax I.D. No. 
	 	 	 
	Type of Entity 	 	  
	 	 	 

FORM 3 
WIRE
INSTRUCTIONS

BANK WIRE INSTRUCTIONS

TO SEND A WIRE TO YOUR COMPANY’S BANK ACCOUNT, YOU WILL NEED TO
GIVE THE REMITTING BANK THE FOLLOWING INSTRUCTIONS......

	BENEFICIARY BANK: 	BANK OF MONTREAL 
	  	595 BURRARD STREET 
	 	 
	  	VANCOUVER, B. C., CANADA 
	 	 
	TRANSIT AND ACCOUNT NO.: 	00044633343 
	SWIFT BIC ADDRESS: 	BOFMCAM2 
	 	 

TO SEND FUNDS FROM A U.S. BANK, IT MAY BE EASIER TO SEND
THROUGH OUR U.S.SUBSIDIARY –

	INTERMEDIARY BANK: 	WACHOVIA BANK, NA 
	 	 
	  	New York 
	 	 
	  	Fed wire ABA 026005092 
	  	  
	SWIFT CODE: 	PNBPUS3NNYC 
	  	  
	PHYSICAL ADDRESS: 	  
	 	 
	Lexaria Corp 	  
	Suite 950 – 1130 West Pender Street, 	  
	Vancouver, BC V6E 4A4 	  
	Telephone No: 	(604) 602-1675

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}]]