Document:

First Amendment to Commercial Lease

 Exhibit 10.23 
 FIRST AMENDMENT TO COMMERCIAL LEASE 
 (Master Sublease Form)

 (Wainshal Mill Leasing Company LLC to RRCC Realty, LLC) 

THIS FIRST AMENDMENT TO COMMERCIAL LEASE is dated as of this      day of June, 2009 by and among Wainshal Mill
Leasing Company LLC, a New Hampshire limited liability company (the “Landlord”), RRCC Realty, LLC, a New Hampshire limited liability company (the “Tenant”), and Red River Computer Co., Inc., a New Hampshire
corporation (the “Approved Subtenant”), with reference to that certain sublease between the Landlord and the Tenant, to which the Approved Subtenant joined, dated May 8, 2008 covering the fourth and fifth floors (approximately 20,566
square feet) of the building and property located at 21 Water Street, Claremont, New Hampshire (the “Approved Sublease”). The parties desire to amend and modify the Approved Sublease on the terms and conditions set forth herein. Except as
otherwise defined herein, the capitalized terms in this First Amendment shall have the same meaning as set forth in the Approved Sublease. 
 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Approved Sublease is hereby amended and
the parties to this First Amendment agree as follows: 
 1. Section 9.02(a) of the Approved Sublease is hereby deleted in
its entirety and replaced with the following: 
 “(a) The Approved Sublease to the Approved Subtenant shall
be on all of the same terms, covenants and conditions set forth in this Lease; provided, however, that notwithstanding any provision in the Approved Sublease to the contrary (including, without limitation, Sections 9.01(e) and this 9.02 thereof))
the following provisions shall govern the rent payable by the Approved Subtenant under the Approved Sublease (the “Approved Subtenant’s Annual Rent”): 
  

	 	(i)	The Approved Subtenant’s Annual Rent shall be determined from time to time by the Tenant and the Approved Subtenant in their discretion and set forth in a separate
rent schedule; provided, however, that in no event shall the Approved Subtenant’s Annual Rent be less than the Annual Rent as set forth in Section 1.01 of the Approved Sublease. 

 

	 	(ii)	 Each monthly installment of the Approved Subtenant’s Annual Rent and any Additional Rent payable by the Approved Subtenant under the Approved
Sublease shall be paid by the Approved Subtenant to the Tenant at least ten (10) business days prior to the date on which each monthly installment of Annual Rent and Additional Rent are payable to the Landlord under the Approved Sublease and
the Tenant shall pay the Annual Rent and Additional Rent 

	 	
to the Landlord as and when due under the Approved Sublease. 

  

	 	(iii)	The Approved Subtenant’s Annual Rent may differ from the Annual Rent set forth in Section 1.01 of the Approved Sublease. To the extent that the Approved
Subtenant’s Annual Rent exceeds the Annual Rent as set forth in Section 1.01 of the Approved Sublease, the Tenant shall retain, and the Landlord shall not be entitled to, such excess amount. To the extent that any monthly installment of
the Approved Subtenant’s Annual Rent is less than any monthly installment of the Annual Rent as set forth in Section 1.01 of the Approved Sublease, or the Approved Subtenant falls to pay any monthly installment of the Approved
Subtenant’s Annual Rent or Additional Rent when due under this Section 9.02, the Tenant shall remain liable to the Landlord for any shortage, shortfall or deficiency. 

 

	 	(iv)	The Approved Subtenant shall pay to Tenant, at the same time as monthly installments of the Approved Subtenant’s Annual Rent is due hereunder, a fee equal to the
Tenant’s administrative, processing and handling costs associated with the payment of Annual Rent and Additional Rent hereunder (the “Tenant’s Administrative Fee”). 

2. Section 9.02(b) of the Approved Sublease is hereby amended by deleting each of the references to “this
Section 9.01” therein and replacing such references with “this Section 9.02”. 
 3.
Section 9.02(d)(iv) of the Approved Sublease is hereby amended by inserting after the words “Approved Subtenant” the following: “, subject, however, to Tenant’s right to any excess Approved Subtenant’s Annual Rent in
accordance with Section 9.02(a)(iii) and Tenant’s Administrative Fee in accordance with Section 9.02(a)(iv).” 
 4. Except as specifically amended and modified by this First Amendment, the Approved Sublease shall remain in full force and effect. In the event of any inconsistencies between this First Amendment and
the Approved Sublease, the terms, provisions and conditions of this First Amendment shall control. 

  
 2 

 EXECUTED as a sealed instrument as of the date first written above. 

 

							
		 		 	WAINSHAL MILL LEASING COMPANY LLC
				
		 		 	By:	 	Wainshal Partners, LLC, Manager
		 		 		 	Duly Authorized
				
	 

	 		 	By:	 	 

	Witness	 		 		 	    John R. Illick, Manager
		 		 		 	    Duly Authorized

  
 3 

							
		 		 	RRCC REALTY, LLC
				
	 

	 		 	By:	 	 

	Witness	 		 		 	    Nicholas M. Anderle, Manager
		 		 		 	    Duly Authorized
			
		 		 	RED RIVER COMPUTER CO., INC.
				
	 

	 		 	By:	 	 

	Witness	 		 		 	    Nicholas M. Anderle, President
		 		 		 	    Duly Authorized

  
 4Rent Schedule

 Exhibit 10.24 
 RENT SCHEDULE 
 This Rent Schedule dated as of 1 June, 2010 is between
RRCC Realty, LLC, a New Hampshire limited liability company (the “Tenant”), and Red River Computer Co., Inc., a New Hampshire corporation, (the “Approved Subtenant”) with reference to that certain sublease between
the Wainshall Mill Leasing Company LLC (the “Landlord”) and the Tenant, to which the Approved Subtenant joined, dated May 8, 2008 covering the fourth and fifth floors (approximately 20,566 square feet) of the building and property
located at 2l Water Street, Claremont, New Hampshire, as amended by the First Amendment to Commercial Lease among the Landlord, the Approved Subtenant and the Tenant (as so amended, the “Approved Sublease”). Defined terms used herein shall
have the meaning given them in the Approved Sublease unless otherwise defined herein. This is the separate rent schedule referred to in Section 9.02(a) of the Approved Sublease. 

1. Rent Amount. Effective 1 June, 2010 and for the period of 12 calendar months following such date, the
Approved Subtenant’s Annual Rent shall be an amount equal to $637,546.00. For each period of twelve months following the initial twelve months (each such twelve month period is referred to herein a “Lease Year”), the Approve
Subtenant’s Annual Rent shall be calculated by multiplying the amount of the Approved Subtenant’s Annual Rent for the immediately preceding Lease Year (the “Preceding Lease Year”) by a fraction the numerator of which is the Price
Index (as defined below) for the 1lth calendar month of
the Preceding Lease Year and the denominator of which is the Price Index for the 11th Calendar month of the Lease Year immediately prior to the Preceding Lease Year, provided that in no event shall the Approved Subtenant’s Annual Rent be adjusted downward. The “Price Index”
shall mean the Consumer Price Index for all urban consumers (CPI-U), Boston, Massachusetts as published by the United States Department of Labor, Bureau of Labor Statistics. If the Bureau of Labor Statistics should cease to publish such index in its
present form or calculate it on the present basis, then a comparable index or any index reflecting changes in prices determined in a similar manner shall be reasonably designated by the Tenant in substitution therefore. The adjusted rent calculation
shall be made by the Tenant, who shall notify the Approved Subtenant of the adjusted amount. 
 IN WITNESS WHERE OF, the parties
have duly executed this Rent Schedule as of the date first above written. 
  

									
	TENANT	 		 	APPROVED SUBTENANT:
			
	RRCC REALITY, LLC	 		 	RED RIVER COMPUTER CO., INC.
					
	By:	 	 

	 		 	By:	 	 

	Title: Manager	 		 	Title: PresidentLexaria Corp.: Exhibit 10.1 - Filed by newsfilecorp.com

Exhibit 10.1

ASSET PURCHASE AGREEMENT 

THIS AGREEMENT dated for reference the 12th day of
August 2011. 

AMONG: 

LEXARIA CORP., a corporation
existing under the laws of the State of Nevada with its executive office at
604-700 West Pender Street, Vancouver, , British Columbia, Canada 

(herein called "Lexaria" or the
"Purchaser") 

AND: 

BRINX RESOURCES LTD., a
corporation existing under the laws of the State of Nevada with its executive
office at 820 Piedra Vista Road NE, Albuquerque, NM 87123 

(herein called the "Vendor") 

WHEREAS: 

A.      The Vendor owns certain oil
and gas interests located in Mississippi, USA as set out in Schedule 1 which it
proposes to sell ( "The Vendor Assets");

B.      Lexaria wishes to acquire a
100% interest in The Vendor Assets; 

C.      The Vendor has agreed to sell
and the Purchaser has agreed to purchase the interest in The Vendor Assets. 

NOW THEREFORE in consideration of the premises and the
respective covenants, agreements representations, warranties and indemnities of
the parties herein contained and for other good and valuable consideration (the
receipt and sufficiency of which is hereby acknowledged) the parties hereto
covenant and agree as follows: 

	1. 	
      DEFINED TERMS

	 	 	 
	1.1 	
      For the purposes of this Agreement, unless the context
      otherwise requires, the following terms will have the respective meanings
      set out below and grammatical variations of such terms will have
      corresponding meanings:

	 	 	 
		(a) 	
      "Affiliate" has the meaning given to that term in the
      Securities Act of 1933, as amended, and the Rules and Regulations of the
      Securities and Exchange Commission promulgated thereunder;

	 	 	 
		(b) 	
      "Associate" has the meaning given to that term in the
      Securities Act of 1933, as amended, and the Rules and Regulations of the
      Securities and Exchange Commission promulgated thereunder;

	 	 	 
		(c) 	
      "Business Day" means any day which is not a Saturday,
      Sunday or statutory holiday in the United States or Canada;

	 	 	 
		(d) 	
      "Closing" means the completion of the transactions
      contemplated in this Asset Purchase Agreement;

	 	 	 
		(e) 	
      "Closing Date" means November 12, 2011, or such other
      date as the Vendor and the Purchaser may mutually
  determine;

- 2 - 

		(f) 	
      "Effective Closing Date" means August 12, 2011 at 11:00
      A.M. . PST, at which time the commercial terms contemplated in this Asset
      and Purchase Agreement shall take full force and effect:

	 	 	 
		(g) 	
      "Contract" means any agreement, indenture, contract,
      lease, deed of trust, license, option, instrument or other commitment,
      whether written or oral;

	 	 	 
		(h) 	
      "Encumbrance" means any encumbrance, lien, charge,
      hypothec, pledge, mortgage, title retention agreement, security interest
      of any nature, adverse claim, exception, reservation, easement, right of
      occupation, any matter capable of registration against title, option,
      right of pre-emption, privilege or any Contract to create any of the
      foregoing;

	 	 	 
		(i) 	
      "Licenses" means all licenses, permits, approvals,
      consents, certificates, registrations and authorizations (whether
      governmental, regulatory, or otherwise) required for the conduct in the
      ordinary course of the uses to which the Purchased Assets have been
      put;

	 	 	 
		(j) 	
      "Losses" means, in respect of any matter, all claims,
      demands, proceedings, losses, damages, liabilities, deficiencies, costs
      and expenses (including, without limitation, all legal and other
      professional fees and disbursements, interest, penalties and amounts paid
      in settlement) arising directly or indirectly as a consequence of such
      matter and actually incurred by a party entitled to be indemnified
      hereunder, net of (i) any tax adjustments, benefits, savings or reductions
      to which such indemnified party is entitled resulting from such matter,
      and (ii) any insurance proceeds, in either case to which such indemnified
      party is entitled by virtue of such claims, demands, proceedings, losses,
      damages, liabilities, deficiencies, costs and expenses;

	 	 	 
		(k) 	
      "Purchase Price" means the aggregate sum payable by the
      Purchaser to the Vendor for The Vendor Assets.

	 	 	 
	1.2 	
      Currency. Unless otherwise indicated, all dollar
      amounts in this Agreement are expressed in United States funds.

	 	 	 
	1.3 	
      Sections and Headings. The division of this
      Agreement into Articles, sections and subsections and the insertion of
      headings are for convenience of reference only and will not affect the
      interpretation of this Agreement. Unless otherwise indicated, any
      reference in this Agreement to an Article, section, subsection or Schedule
      refers to the specified Article, section or subsection of or Schedule to
      this Agreement.

	 	 	 
	1.4 	
      Entire Agreement. This Agreement constitutes the
      entire agreement between the parties with respect to the subject matter
      hereof and supersedes all prior agreements, understandings, negotiations
      and discussions, whether written or oral. There are no conditions,
      covenants, agreements, representations, warranties or other provisions,
      express or implied, collateral, statutory or otherwise, relating to the
      subject matter hereof except as herein provided.

	 	 	 
	1.5 	
      Time of Essence. Time will be of the essence of
      this Agreement.

	 	 	 
	1.6 	
      Applicable Law. This Agreement will be construed,
      interpreted and enforced in accordance with, and the respective rights and
      obligations of the parties will be governed by, the laws of the Province
      of British Columbia and the federal laws of Canada applicable therein, and
      each party irrevocably and unconditionally submits to the non-exclusive
      jurisdiction of the courts of such state and all courts competent to hear
      appeals there from and waives, so far as is legally possible, its right to
      have any legal action relating to this Agreement tried by a
jury.

	 	 	 
	1.7 	
      Amendments and Waivers. No amendment or waiver of
      any provision of this Agreement will be binding on either party unless
      consented to in writing by such party. No waiver of any provision of this
      Agreement will constitute a waiver of any other provision, nor will any
      waiver constitute a continuing waiver unless otherwise
  provided.

- 3 - 

	1.8 	
      Adjustments for Stock Splits, Etc.. Wherever in
      this Agreement there is a reference to a specific number of shares of
      stock of the Company, then, upon the occurrence of any subdivision,
      combination or stock dividend of such stock, the specific number of shares
      so referenced in this Agreement shall automatically be proportionally
      adjusted to reflect the effect on the outstanding shares of such class or
      series of stock by such subdivision, combination or stock
  dividend.

	 	 
	1.9 	
      Schedules. The following Schedules are attached to
      and form part of this Agreement: All terms defined in the body of this
      Agreement will have the same meaning in the Schedule attached
  hereto

	 	Schedule 1 	Description of The Vendor Assets 
	 	Schedule 2 	Legal and Regulatory Proceedings 
	 	Schedule 3 	Consents 

	2. 	
      PURCHASE AND SALE

	 	 	 	 
	2.1 	
      Subject to the terms and conditions of this Agreement,
      effective as at the Closing Date the Vendor will sell, transfer, and
      assign to the Purchaser and the Purchaser agrees to purchase from the
      Vendor, free and clear of all Encumbrances the Purchased Assets.

	 	 	 	 
	3. 	
      PURCHASE PRICE AND ALLOCATION

	 	 	 	 
	3.1 	
      Purchase Price payable by the Purchaser to Vendor for The
      Vendor Assets is as follows:

	 	 	 	 
		(a) 	
      Purchaser shall pay a total of US $400,000 as
    follows;

	 	 	 	 
			(i) 	
      $200,000 on the Effective Closing Date, (the "Initial
      Payment"), and

	 	 	 	 
			(ii) 	
      $200,000 on or before the Closing Date, or payments, as
      agreed, in the amount of $10,000 per month for up to 3 months with the
      balance of $200,000 then due and payable (the "Final Payment"), and should
      the purchaser not make the final payment on the closing date a penalty of
      $500 per day shall be paid to Vendor.

	 	 	 	 
			(iii) 	
      800,000 shares of restricted common stock with a deemed
      price of $0.30 per share issued from Lexaria treasury within 10 days of
      the Effective Closing Date.

	 	 	 	 
	3.2 	
      Purchaser shall be entitled to receive any and all oil
      and gas net revenue after substraction of the expenses to operate and
      produce the well due to Vendor from The Vendor Assets but not yet remitted
      from Griffin & Griffin Exploration, L.L.C. as of the Effective Closing
      Date.

	 	 	 	 
	3.3 	
      Purchaser shall be responsible for all AFE expenditures
      proposed by Griffin & Griffin Exploration, L.L.C. as per Vendor's
      pro-rata share of such AFE expenditures, as of the Effective Closing
      Date.

	 	 	 	 
	3.4 	
      Vendor shall remit to Operator and keep in good standing,
      any AFE expenditures proposed by Griffin & Griffin exploration, L.L.C,
      regarding the drilling of additional wells at Belmont Lake, as per
      Vendor's pro- rata share of such AFE expenditures, as of the Effective
      Closing Date, with the Purchaser agreeing to reimburse Vendor for all such
      actual Vendor expenditures as an adjustment to the Initial Payment on the
      Effective Closing Date.

	 	 	 	 
	3.5 	
      Purchaser will take no steps to inhibit or prevent the
      common shares being issued to Vendor from becoming tradeable in accordance
      with all securities regulations, and will assist in making the shares
      tradeable in accordance with all securities
regulations.

- 4 - 

	4. 	
      CLOSING, POSSESSION, AND NO
    ADJUSTMENTS

EFFECTIVE CLOSE DATE OF THIS AGREEMENT SHALL BE 11:00 A.M. PST,
AUGUST 12, 2011 WITHOUT FURTHER ADJUSTMENTS. 

	4.1 	
      The physical Closing will take place on or before
      November 12, 2011 at 11:00AM (PST), on the Closing Date at the offices of
      Macdonald Tuskey, or at such other place, date, and time as may be
      mutually agreed upon by the parties hereto.

	 	 	 	 
	4.2 	
      Vendor will deliver possession of The Vendor Assets, free
      of any other claim to possession and any tenancies, to the Purchaser on
      the Closing Date.

	 	 	 	 
	4.3 	
      Provided that there has been no material
      misrepresentation on the part of the parties to this agreement and all of
      their respective obligations under this Agreement have been fulfilled,
      there will be no adjustment of the Purchase Price for any reason
      whatsoever.

	 	 	 	 
	5. 	
      REPRESENTATIONS AND WARRANTIES OF THE
      VENDOR

	 	 	 	 
	5.1 	
      Vendor represents and warrants to Purchaser, with the
      intent Purchaser will rely thereon in entering into this Agreement and in
      concluding the transactions contemplated hereby, as follows:

	 	 	 	 
		(a) 	
      the execution and delivery of this Agreement and the
      completion of the transaction contemplated hereby have been duly and
      validly authorized by all necessary limited liability company action on
      the part of Vendor, and this Agreement constitutes a valid and binding
      obligation of Vendor enforceable against Vendor in accordance with its
      terms; except as enforcement may be limited by bankruptcy, insolvency and
      other laws affecting the rights of creditors generally and except that
      equitable remedies may be granted only in the discretion of a court of
      competent jurisdiction;

	 	 	 	 
		(b) 	
      except as will be remedied by the consents, approvals,
      releases, and discharges described in Schedule 3 - Consents attached
      hereto, neither the execution and delivery of this Agreement nor the
      performance of Vendor's obligations hereunder will:

	 	 	 	 
			(i) 	
      violate or constitute default under any order, decree,
      judgment, statute, by-law, rule, regulation, or restriction applicable to
      Vendor, the Vendor Assets, or any contract, agreement, instrument,
      covenant, mortgage, or security, to which Vendor is a party or which is
      binding upon Vendor,

	 	 	 	 
			(ii) 	
      to the knowledge of Vendor, result in any fees, duties,
      taxes, assessments, penalties or other amounts becoming due or payable by
      Purchaser under any sales tax legislation. .

	 	 	 	 
			(iii) 	
      give rise to the creation or imposition of any
      Encumbrance on the The Vendor Assets,

	 	 	 	 
			(iv) 	
      violate or constitute default under any license, permit,
      approval, consent or authorization held by Vendor, or

	 	 	 	 
			(v) 	
      violate or trigger any liability on behalf of the
      Purchaser pursuant to any legislation governing the sale of the The Vendor
      Assets by Vendor.

	 	 	 	 
		(c) 	
      Vendor owns and possesses and has good and marketable
      title to the The Vendor Assets free and clear of all Encumbrances of every
      kind and nature whatsoever;

	 	 	 	 
		(d) 	
      Vendor does not have any indebtedness in excess of
      $1,000.00 which might by operation of law or otherwise now or hereafter
      constitute an Encumbrance upon the The Vendor
Assets;

- 5 - 

	 	(e) 	
      no person other than the Purchaser have any written or
      oral agreement or option or any right or privilege (whether by law,
      pre-emptive or contractual) capable of becoming an agreement or option for
      the purchase or acquisition from Vendor of the The Vendor
Assets;

	 	 	 	 
	 	(f) 	
      except as otherwise provided herein, this Agreement
      discloses all contracts, engagements, and commitments, whether oral or
      written, relating to the The Vendor Assets including in particular
      contracts, engagements, and commitments:

	 	 	 	 
	 		(i) 	
      out of the ordinary course of business,

	 	 	 	 
	 		(ii) 	
      which entail the payment of in excess of $1,000.00 during
      any one year period

	 	 	 	 
	 		(iii) 	
      respecting ownership of or title to any interest or claim
      in or to any real or personal property making up the The Vendor
    Assets,

	 	 	 	 
	 		(iv) 	
      respecting any agreement of guarantee, support,
      indemnification, assumption or endorsement of, or any similar commitment
      with respect to, the obligations, liabilities (whether accrued, absolute,
      contingent or otherwise) or indebtedness of any other person except for
      cheques endorsed for collection in the ordinary course of the
    business;

	 	 	 	 
	 		(v) 	
      any confidentiality, secrecy or non-disclosure contract,
      (whether Vendor is a beneficiary or obligant thereunder) relating to any
      proprietary or confidential information or any non- competition or similar
      contract;

	 	 	 	 
	 		(vi) 	
      there has not been any default in any obligation or
      liability in respect of said contracts, engagements, or commitments by
      Vendor and The Vendor has performed all of the material obligations
      required to be performed by it and is entitled to all benefits under any
      contracts;

	 	 	 	 
	 		(vii) 	
      there has not been any amendment, modification,
      variation, surrender, or release of said contracts, engagements, and
      commitments; and

	 	 	 	 
	 		(viii) 	
      each of said contracts, engagements, and commitments is
      in good standing and in full force and effect and Vendor has performed all
      of the material obligations required to be performed by it and is entitled
      to all benefits thereunder, and is not in default or alleged to be in
      default in respect of any material contract or any other contracts,
      engagements or commitments provided for in this Agreement, to which Vendor
      is a party or by which it is bound;

	 	 	 	 
	 	(g) 	
      neither the execution and delivery of this Agreement nor
      the completion of the purchase and sale hereby contemplated will give any
      party to this Agreement the right to terminate, dispute or cancel any
      licenses or permits, rules, regulations, and ordinances applicable to the
      The Vendor Assets or affect such compliance;

	 	 	 	 
	 	(h) 	
      except as disclosed in Schedule 2 - Legal and Regulatory
      Proceedings, there are no actions, suits, proceedings, investigations,
      complaints, orders, directives, or notices of defect or noncompliance by
      or before any court, governmental or domestic commission, department,
      board, tribunal, or authority, or administrative, licensing, or regulatory
      agency, body, or officer issued, pending, or to the best of Vendor's
      knowledge threatened against or affecting Vendor or in respect of the The
      Vendor Assets;

	 	 	 	 
	 	(i) 	
      there is no requirement applicable to Vendor to make any
      filing with, give any notice to or to obtain any license, permit,
      certificate, registration, authorization, consent or approval of, any
      governmental or regulatory authority as a condition to the lawful
      consummation of the transactions contemplated by this Agreement, except
      for the filings, notifications, licenses, permits, certificates,
      registrations, consents and approvals described in Schedule 3 - Consents,
      or that relate solely to theidentity of the Purchaser or the nature of any business
      carried on by the Purchaser except for the notifications, consents and
      approvals described in Schedule 3 - Consents;

- 6 - 

		(j) 	
      Vendor has filed or caused to be filed all material tax
      returns of Vendor which have become due (taking into account valid
      extensions of time to file) prior to the date hereof, such returns are
      accurate and complete in all material respects and Vendor has paid or
      caused to be paid all taxes due, in each case to the extent Purchaser
      would incur liability for Vendor's failure to file such returns or pay
      such taxes. There are no outstanding tax liens that have been filed by any
      tax authority against the The Vendor Assets. No claims are being asserted
      in writing with respect to any taxes relating to Vendor's business for
      which the Purchaser reasonably could be held liable and Vendor knows of no
      basis for the assertion of any such claim;

	 	 	 
		(k) 	
      Vendor has never received any notice of or been
      prosecuted for non-compliance with any environmental laws, nor has Vendor
      settled any allegation of non-compliance short of prosecution. There are
      no orders or directions relating to environmental matters requiring any
      work, repairs or construction or capital expenditures to be made with
      respect to the Vendor Assets, nor has Vendor received notice of any of the
      same

	 	 	 
		(l) 	
      there are no known liabilities of Vendor or its
      associates or Affiliates, whether or not accrued and whether or not
      determined or determinable, in respect of which the Purchaser may become
      liable on or after the Closing Date, and Vendor is specifically excluded
      from any responsibility of future potential environmental liabilities;
      and

	 	 	 
		(m) 	
      Vendor agrees that upon the closing of this agreement,
      any of previous agreements with Vendor dated April 28, 2011, with respect
      to an option to purchase any portion of The Vendor Assets as stated in
      Schedule 1 is hereby null and void and specifically does not grant Vendor
      any optioned right to purchase any portion of the Mississippi assets in
      the future.

	 	 	 
	6. 	
      REPRESENTATIONS OF PURCHASER

	 	 	 
	6.1 	
      Purchaser represents and warrants to Vendor as follows,
      with the intent that Vendor will rely thereon in entering into this
      Agreement and in concluding the purchase and sale contemplated hereby,
      that:

	 	 	 
		(a) 	
      Purchaser is a corporation duly incorporated, validly
      existing, and in good standing under the laws of the State of Nevada and
      has the power, authority, and capacity to enter into this Agreement and to
      carry out its terms;

	 	 	 
		(b) 	
      Execution and delivery of this Agreement and the
      completion of the transactions contemplated hereby has been duly and
      validly authorized by all necessary corporate action on the part of
      Purchaser, and this Agreement constitutes a valid and binding obligation
      of Purchaser enforceable against Purchaser in accordance with its terms;
      except as enforcement may be limited by bankruptcy, insolvency and other
      laws affecting the rights of creditors generally and except that equitable
      remedies may be granted only in the discretion of a court of competent
      jurisdiction;

	 	 	 
		(c) 	
      there is no requirement for Purchaser to make any filing
      with, give any notice to or obtain any license, permit, certificate,
      registration, authorization, consent or approval of, any government or
      regulatory authority as a condition to the lawful consummation of the
      transactions contemplated by this Agreement; and

	 	 	 
		(d) 	
      neither the execution and delivery of this Agreement nor
      the performance of Purchaser obligations hereunder will violate or
      constitute a default under the constating documents, by-laws, or articles
      of Purchaser, any order, decree, judgment, statute, by-law, rule,
      regulation, or restriction applicable to Purchaser, or any contract,
      agreement, instrument, covenant, mortgage or security to which Purchaser
      is a party or which are binding upon
Purchaser.

- 7 - 

COVENANTS OF THE VENDOR 

	6.2 	
      Between the date of this Agreement and the Closing Date,
      The Vendor covenants and agrees that The Vendor:

	 	 	 
		(a) 	
      will not sell or dispose of any of the The Vendor Assets
      and will preserve The Vendor Assets intact without any further
      Encumbrances;

	 	 	 
		(b) 	
      will afford Purchaser and its authorized representatives
      full access during normal business hours to The Vendor Assets and without
      limitation all title documents, abstracts of title, deeds, leases,
      contracts, financial statements, policies, reports, licenses, books,
      records, and other such material relating to The Vendor Assets, and
      furnish such copies thereof and other information, as Purchaser may
      reasonably request;

	 	 	 
		(c) 	
      will use its best efforts to procure and obtain at or
      prior to the Closing Date all such consents as described in Schedule 3;
      and

	 	 	 
		(d) 	
      at the request of the Purchaser, Vendor will execute such
      consents, authorizations and directions as may be necessary to permit any
      inspection of the The Vendor Assets or to enable Purchaser or its
      authorized representatives to obtain full access to all files and records
      relating to The Vendor Assets maintained by governmental or other public
      authorities.

	7. 	
      COVENANTS OF PURCHASER

	 	 
		
      Between the date of this Agreement and the Closing Date,
      Purchaser will make all reasonable efforts to obtain and procure in
      co-operation with the Vendor all consents, approvals, releases, and
      discharges required to effect the transactions contemplated
  hereby.

	 	 
	8. 	
      INDEMNIFICATION, REMEDIES,
  SURVIVAL

	 	 
	8.1 	
      Certain Definitions

	 	 
		
      For the purposes of this Article 10 the terms
      "Loss" and "Losses" mean any and all demands, claims,
      actions or causes of action, assessments, losses, damages, Liabilities,
      costs, and expenses, including without limitation, interest, penalties,
      fines and reasonable attorneys, accountants and other professional fees
      and expenses, but excluding any indirect, consequential or punitive
      damages including damages for lost profits or lost business
      opportunities.

	 	 
	8.2 	
      Agreement of Vendor to Indemnify

	 	 
		
      Vendor will indemnify, defend, save and hold harmless, to
      the full extent of the law, for a period of three years from the Closing
      Date with the exception of subsection (c) hereof which shall survive the
      Closing Date indefinitely, Purchaser and its Directors and shareholders
      from, against, and in respect of any and all Losses asserted against,
      relating to, imposed upon, or incurred by the Purchaser its Directors and
      their shareholders by reason of, resulting from, based upon or arising out
      of:

- 8 - 

	 	(a) 	
      the breach by Vendor of any representation or warranty of
      Vendor contained in or made pursuant to this Agreement, any Vendor
      document or any certificate or other instrument delivered pursuant to this
      Agreement; or

	 	 	 
	 	(b) 	
      the breach or partial breach by Vendor of any covenant or
      agreement of Vendor made in or pursuant to this Agreement, any Vendor
      document or any certificate or other instrument delivered pursuant to this
      Agreement.

	 	 	 
	 	(c) 	
      The breach or partial breach by Vendor on any
      misrepresentations made to the operators of the properties set out in
      Schedule 1 or any other parties involved prior to July 10, 2009 with
      respect to the properties as set out in Schedule
1.

	8.3 	
      Agreement of Purchaser to Indemnify

	 	 	 
		
      Purchaser will indemnify, defend, and hold harmless, to
      the full extent of the law, for a period of three years from the Closing
      Date, Vendor and its shareholders from, against, and in respect of any and
      all Losses asserted against, relating to, imposed upon, or incurred by
      Vendor and its shareholders by reason of, resulting from, based upon or
      arising out of:

	 	 	 
		(a) 	
      the breach by Purchaser of any representation or warranty
      of Purchaser contained in or made pursuant to this Agreement, any
      Purchaser document or any certificate or other instrument delivered
      pursuant to this Agreement; or

	 	 	 
		(b) 	
      the breach or partial breach by Purchaser of any covenant
      or agreement Purchaser made in or pursuant to this Agreement, any
      Purchaser document or any certificate or other instrument delivered
      pursuant to this Agreement.

	9. 	
      NON MERGER

	 	 	 
	9.1 	
      The representations, warranties, covenants, and
      agreements of Vendor contained herein and those contained in the documents
      and instruments delivered pursuant hereto or in connection herewith will
      survive the Closing Date for a period of eighteen months, and
      notwithstanding the completion of the transactions contemplated hereby,
      the waiver of any condition contained herein (unless such waiver expressly
      releases Vendor of such representation, warranty, covenant, or agreement),
      or any investigation by Purchaser, same will remain in full force and
      effect.

	 	 	 
	10. 	
      CONDITIONS PRECEDENT

	 	 	 
	10.1 	
      The obligation of Purchaser to consummate the
      transactions herein contemplated is subject to the fulfillment of each of
      the following conditions precedent at the times stipulated:

	 	 	 
		(a) 	
      that the representations and warranties of each of Vendor
      contained herein are true and correct on and as at the Closing Date with
      the same force and effect as if such representations and warranties were
      made as at the Closing Date, except as may be in writing disclosed to and
      approved by Purchaser;

	 	 	 
		(b) 	
      that all the terms, covenants, conditions, agreements,
      and obligations hereunder on the part of Vendor to be performed or
      complied with at or prior to the Closing Date, including in particular
      Vendor obligation to deliver the documents and instruments herein provided
      for in Clause 10, have been performed and complied with as at the Closing
      Date;

	 	 	 
		(c) 	
      that between the date hereof and the Closing Date no
      force majeure, change, event, or circumstance has occurred which
      materially adversely affects The Vendor Assets or which, significantly
      reduces the value of The Vendor Assets to the
Purchaser;

- 9 - 

		(d) 	
      that between the date hereof and the Closing Date there
      has not been any substantial loss, damage, or destruction, whether or not
      covered by insurance, to The Vendor Assets;

	 	 	 
		(e) 	
      no legal or regulatory action or proceeding will be
      pending or threatened by any person to enjoin, restrict or prohibit the
      purchase and sale of The Vendor Assets contemplated hereby;

	 	 	 
		(f) 	
      that at the Closing Date, there will have been obtained
      from all appropriate federal, state, municipal or other governmental or
      administrative bodies such licenses, permits, consents, approvals,
      certificates, registrations and authorizations as are required to be
      obtained by Vendor to permit the change of ownership of The Vendor Assets
      contemplated hereby, and all notices, consents and approvals with respect
      to the transfer or assignment of any contracts;

	 	 	 
		(g) 	
      that at the Closing Date, Vendor will have given or
      obtained the notices, consents and approvals described in Schedule 3 -
      Consents, in each case in form and substance satisfactory to each of the
      Purchaser, acting reasonably;

	 	 	 
	10.2 	
      The foregoing conditions of Clause 12.1 are for the
      exclusive benefit of Purchaser and may be waived in whole or in part by
      Purchaser at any time. If any of the conditions contained in Clause 12.1
      will not be performed or fulfilled at or prior to the Closing Date to the
      satisfaction of Purchaser, acting reasonably, Purchaser, may, by notice to
      Vendor, terminate this Agreement.

	 	 	 
	10.3 	
      The obligation of Vendor to consummate the transactions
      herein contemplated is subject to the fulfillment of each of the following
      conditions precedent at the times stipulated:

	 	 	 
		(a) 	
      that the representations and warranties of Purchaser
      contained herein are true and correct on and as of the Closing Date with
      the same force and effect as if such representations and warranties were
      made as at the Closing Date, except as may be in writing disclosed to and
      approved by Vendor; and

	 	 	 
		(b) 	
      that all terms, covenants, conditions, agreements, and
      obligations hereunder on the part of tPurchaser to be performed or
      complied with at or prior to the Closing, including in particular
      thePurchaser's obligation to deliver the documents and instruments herein
      provided for in Clause 15, have been performed and complied with as at the
      Closing.

	 	 	 
	10.4 	
      The foregoing conditions of Clause 10.3 are for the
      exclusive benefit of Vendor and may be waived in whole or in part by
      Vendor at any time. If any of the conditions contained in Clause 10.3 will
      not be performed or fulfilled at or prior to the Closing Date to the
      satisfaction of Vendor acting reasonably, Vendor may, by notice to the
      Purchaser, terminate this Agreement.

	 	 	 
	11. 	
      TRANSACTIONS OF VENDOR AT THE
  CLOSING

	 	 	 
	11.1 	
      At the Closing Date, Vendor will execute and deliver or
      cause to be executed and delivered all deeds, conveyances, bills of sale,
      transfers, assignments, agreements, certificates, documents, and
      instruments as may be necessary to effectively vest good and marketable
      title to each of The Vendor Assets to the Purchaser free and clear of any
      Encumbrances and without limiting the foregoing, will execute and deliver
      or cause to be executed and delivered:

	 	 	 
		(a) 	
      all consents, approvals, releases, and discharges as may
      be required to effect the transactions contemplated hereby, including in
      particular those described in Schedule 3 - Consents;

	 	 	 
		(b) 	
      a certificate of Vendor dated the Closing, acceptable in
      form and content to the solicitors for Purchaser, certifying that the
      conditions set out in Clause 10.1 have been satisfied;

	 	 	 
		(c) 	
      executed releases by any third parties which have any
      Encumbrances against The Vendor Assets;

- 10 - 

		(d) 	
      a certified copy of a resolution of the Directors of
      Vendor duly passed authorizing the execution and delivery of this
      Agreement and the completion of the transactions contemplated hereby;
      and

	 	 	 
		(e) 	
      all such other documents and instruments as Purchaser'
      lawyers may reasonably require.

	 	 	 
	12. 	
      TRANSACTIONS OF THE PURCHASER AT THE
      CLOSING

	 	 	 
	12.1 	
      At Closing, Purchaser will deliver or cause to be
      delivered to Vendor:

	 	 	 
		(a) 	
      a certified copy of a resolution of the Directors of
      Purchaser duly passed authorizing the execution and delivery of this
      Agreement and the completion of the transactions contemplated
    hereby;

	 	 	 
		(b) 	
      a certificate of an officer of Purchaser dated as of the
      Closing Date, acceptable in form and content to the solicitors for
      Vendors, certifying that the conditions precedent set out in Clause 10.3
      have been satisfied; and

	 	 	 
		(c) 	
      all such other documents and instruments as Vendors or
      its solicitors may reasonably require.

	 	 	 
	13. 	
      TAXES

	 	 	 
	13.1 	
      All sales, use and other transfer taxes payable in
      respect of the transactions arising out of the purchase of The Vendor
      Assets as contemplated hereby will be paid by Purchaser.

	 	 	 
	14. 	
      PLUG AND ABANDONMENT AND
    ENVIRONMENTAL

	 	 	 
		
      All costs associated with plug and abandonment operations
      of all natural gas and oil wells listed in Schedule 1 as of Effective
      Closing Date will be paid by Purchaser and these plug and abandonment
      liabilities are specifically excluded from any Vendor responsibility.
      Additionaly, all environmental costs and liabilities will be assumed by
      Purchaser as of the Effective Closing Date.

	 	 	 
	15. 	
      FURTHER ASSURANCES

	 	 	 
	15.1 	
      From time to time subsequent to the Closing Date, the
      parties covenant and agree, at the expense of the requesting party, to
      promptly execute and deliver all such further documents and instruments
      and do all such further acts and things as may be required to carry out
      the full intent and meaning of this Agreement and to effect the
      transactions contemplated hereby.

	 	 	 
	16. 	
      ASSIGNMENT

	 	 	 
	16.1 	
      This Agreement may not be assigned by any party hereto
      without the prior written consent of the other party hereto.

	 	 	 
	17. 	
      SUCCESSORS AND ASSIGNS

	 	 	 
	17.1 	
      This Agreement will enure to the benefit of and be
      binding upon the parties hereto and their respective successors and
      permitted assigns.

	 	 	 
	18. 	
      COUNTERPARTS

	 	 	 
	18.1 	
      This Agreement may be executed in several counterparts,
      each of which will be deemed to be an original and all of which will
      together constitute one and the same
instrument.

- 11 - 

	19. 	
      NOTICES

	 	 
	19.1 	
      Any notice required or permitted to be given under this
      Agreement will be in writing and may be given by personal service or by
      prepaid registered mail, and addressed to the proper party or transmitted
      by electronic facsimile generating proof of receipt of transmission at the
      address or facsimile number stated below:

	 	(a) 	
      if to Purchaser:

LEXARIA CORP. 
950-1130 West Pender
Street 
Vancouver, British Columbia V6E 4A4 
Canada 

Facsimile No.: 604-685-1602

                         
250-765-4408 

with a copy to: 

Macdonald Tuskey 
Suite 400 – 570
Granville St 
Vancouver, British Columbia V6C 3P1 
Attention: William L.
Macdonald 

Facsimile No.: +1 (604) 681-4760 

	 	(b) 	
      if to The Vendor:

BRINX RESOURCES LTD. 
820 Piedra
Vista Road NE 
Albuquerque, NM 87123 

Facsimile No. 505 291-0158

Facsimile No. 604 913-9284

or to such other address or facsimile
number as any party may specify by notice. Any notice sent by registered mail as
aforesaid will be deemed conclusively to have been effectively given on the
fifth business day after posting; but if at the time of posting or between the
time of posting and the third business day thereafter there is a strike, lockout
or other labour disturbance affecting postal service, then such notice will not
be effectively given until actually received. Any notice transmitted by
electronic facsimile will be deemed conclusively to have been effectively given
if evidence of receipt is obtained before 5:00 p.m. (recipient's time) on a
Business Day, and otherwise on the Business Day next following the date evidence
of receipt of transmission is obtained by the sender. 

	20. 	
      TENDER AND EXTENSIONS

	 	 
	20.1 	
      Tender may be made upon Vendors or Purchaser or upon the
      solicitors for Vendors or Purchaser and such solicitors are expressly
      authorized by their respective clients to confirm extensions of the
      Closing Date.

	 	 
	21. 	
      REFERENCE DATE

	 	 
	21.1 	
      This Agreement is dated for reference as of the date
      first above written, but will become binding as of the date of execution
      and delivery by all parties hereto and subject to compliance with the
      terms and conditionshereof, the transfer and possession of The Vendor Assets
      will be deemed to take effect as at the close of business on the Closing
      Date. References herein to the date of the Agreement or to the date hereof
      shall be deemed to mean the date set forth in the preamble to this
      Agreement.

- 12 - 

	22. 	
      REFERENCES TO AGREEMENT

	 	 
	22.1 	
      The terms "this Agreement", "hereof', "herein", "hereby",
      "hereto", and similar terms refer to this Agreement and not to any
      particular clause, paragraph or other part of this Agreement. References
      to particular clauses are to clauses of this Agreement unless another
      document is specified.

IN WITNESS WHEREOF the parties have executed and delivered
these presents on the dates indicated below. 

LEXARIA CORP. 

Per:
__________________________________
      
Authorized Signatory 

Dated: __________________________________

BRINX RESOURCES LTD. 

Per:
__________________________________
      
Authorized Signatory 

Dated: __________________________________

LIST OF SCHEDULES 

	Schedule 	Description 
	1 	Description of The Vendor
      Assets 
	2 	Legal and Regulatory Proceedings 
	3 	Consents

SCHEDULE 1 

DESCRIPTION OF VENDOR ASSETS 

[All of Vendor's Oil & Gas assets presently held in the
State of Mississippi with Griffin & Griffin Exploration L.L.C. and their
associated companies including wells, reserves, infrastructure, permits,
pre-payments etc; including but not limited to the following:] 

Phase I 

Agreement(s) Dated 21st December 2005 & the Amendment dated
27 July 2006 signed by The Vendor, noting rights, options and obligations. 

PP F-12-1 PDP Oil Well 
PP F-12-2 P & A Gas 
PP
F-12-3 Oil
PP F-12-3A PDP Oil Well 
PP F-12-4 PDP Oil Well 
PP F-012-5
PDP Oil Well 
PP F-39 PDP GasWell 
PP F-6B PDP Gas Well 
PP F-52A PNP
Gas Well 
PP F-29 PDP Gas Well 
PP F-42 PNP Gas Well 

SCHEDULE 2 

LEGAL AND REGULATORY PROCEEDINGS 

Vendor 

None 

SCHEDULE 3 

CONSENTS 

Vendor 

	1. 	
      Resolution of the Directors authorizing this Agreement
      and the sale of the assets set out in Schedule
1.

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