Document:

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

 

 

 

 

 

CONSULTING AGREEMENT

THIS AGREEMENT is made effective this 3rd day of May,
2014. 

BETWEEN: 

Lexaria Corp., a body corporate
duly incorporated under the laws of the State of Nevada, and having an Office at
950-1130 W Pender St, Vancouver BC, V6E 4A4; and/or its wholly
owned subsidiary

(hereinafter together or separately
called the "Parent")

OF THE FIRST PART 

AND: 

Great Lakes Cannabis Corp, a
body corporate duly incorporated under the laws of Canada and having an office
at 950-1130 W Pender St, Vancouver BC, V6E 4A4 

(hereinafter called the "Company”) 

OF THE SECOND PART 

AND: 

Bmullan and Associates, a body
corporate duly incorporated under the laws of the Province of Ontario, and
having an office at 512 Montgomery Drive, Ancaster, Ontario, L9G 5C6

(hereinafter called the "Consultant,"
or, “Consultant”) 

OF THE THIRD PART 

WHEREAS: 

	
    
      950, 1130 West Pender Street | Vancouver, BC V6E 4A4 |
      Canada | 604.602.1675
    

    

 

A. Consultant agrees to serve as Security Consultant to the Company and to provide services as described below, effective May 3, 2014; 

B. The Company is desirous of retaining the consulting services of Consultant as a Corporate Security Consultant, on a one-year contract basis and the Consultant has agreed to serve the Company as an independent contractor upon the terms and
conditions hereinafter set forth; 

C. The Parent agrees to issue its common shares as payment for the services that are provided by the Consultant to the Company, and the Parent is not itself receiving any services directly. 

FOR VALUABLE CONSIDERATION it is hereby agreed as follows: 

1. The Consultant shall provide Security Consultant services by reporting through the Facility Construction Management Advisor (Jeff Paikin), to the CEO/Board of Directors of the Company, and perform such tasks in general including but not limited
to the following: 

Provide advice to ensure that the security needs of the production facility and the security plan at the place of business where controlled goods and/or controlled technology are kept complies with all regulations and ensures the adequate protection
and transfer of those goods. Provide advice to ensure that the consulting/management contracts with security firms and facilities personnel are in compliance with the security plan and regulations. Provide advice to ensure that security policies and
procedures of the production facility are consistent with the needs of a licensed, regulated medical marijuana production facility for its staff.

	
 	
a) 		
General Services. The Consultant shall serve the Company (and/or such subsidiary or subsidiaries of the company as the Company may from time to time require) in such consulting capacity or capacities as may from time to time be
determined by resolution of the Board of Directors or senior management of the Company and shall perform such duties and exercise such powers as may from time be determined by resolution of the Board of Directors, as an independent contractor.

	

2. By virtue of this Agreement, the Company is expecting, and Consultant is accepting, the responsibility of working on an as-required basis through the Facility Construction Management Advisor, on behalf of the Company. During the time that this
Agreement remains in effect, the Consultant shall not act in any capacity whatsoever, directly or indirectly for or for the betterment of any other non-joint-ventured company, partnership, or project that competes within North America within the
sector of medical marijuana, without the Company’s prior written consent.

3. As described herein, awards of restricted shares of common stock to be issued by the Parent in separate certificate form (the "Shares" or “Share”) shall be made based upon the required events and thresholds being achieved. The first
Share award shall be made upon the mutual signing and execution of this agreement. The production facility is located in a municipality that has not yet given formal approval permitting marijuana production in accordance with the Health Canada MMPR;
and the Consultant shall receive the second Share award once the municipality has given such approval. The third Share award shall be made when Health Canada has granted an MMPR license to the facility while it is co-owned by the Company. The fourth
Share award shall be made when the first commercial harvest from the facility has been completed – a commercial harvest excludes test growing or non-commercial
quantities. And a fifth Share award shall be made when the facility has reached
CDN$5,000,000 in accumulated sales of medical marijuana grown within the
facility. 

 

    
      950, 1130 West Pender Street | Vancouver, BC V6E 4A4 |
      Canada | 604.602.1675
    

	Shares On
 Signing 	Shares On 
Municipal
      Approval 	Shares On Health
 Canada
      Approval 	Shares on First 
Commercial
      Harvest 	Shares on $5,000,000 in
      
Ontario Plant Revenue 
	55,000 	55,000 	55,000 	55,000 	55,000

4. The issuance of the Shares to the Consultant from the Parent
will be made in reliance on an exemption from the prospectus filing requirements
contained in section 2.24 of National Instrument 45-106 and the exemption from
the registration requirements contained in Regulation S promulgated under the
Securities Act of 1933, as amended (the “1933 Act”). The Company reserves the
right to request from the Consultant any additional certificates or
representations required to establish an exemption from applicable securities
legislation prior to the issuance of any Shares. 

	a) 	
      The certificates representing the Shares to be issued to
      the Consultant will be affixed with legends in substantially the following
      form, describing such restrictions:

THE SECURITIES REPRESENTED BY THIS
CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE
“ACT”), AND HAVE BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE ACT PROVIDED BY REGULATION S PROMULGATED UNDER THE ACT. SUCH
SECURITIES MAY NOT BE REOFFERED FOR SALE OR RESOLD OR OTHERWISE TRANSFERRED
EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S, PURSUANT TO AN
EFFECTIVE REGISTRATION UNDER THE ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM
REGISTRATION UNDER THE ACT. HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY
NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE ACT. 

5. The Consultant represents and warrants that at the time of
entry into this Agreement and on the date of the issuance of any Shares that:

	a) 	
      in addition to resale restrictions imposed under U.S.
      securities laws, there are additional restrictions on the Consultant’s
      ability to resell any of the Shares in Canada under applicable provincial
      securities laws;

	 	 
	b) 	
      the Consultant understands and agrees none of the Shares
      have been or will be 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 in
the United States or, directly or indirectly, to U.S. Persons, as that term is defined in Regulation S under the 1933 Act (“Regulation S”), except in accordance with the provisions of Regulation S, 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 and in each case only in accordance with applicable state and foreign securities laws;

 

    
      950, 1130 West Pender Street | Vancouver, BC V6E 4A4 |
      Canada | 604.602.1675
    

	
c) 		
the Consultant is not a U.S. Person (as such term is defined in Regulation S of the 1933 Act) and is not acquiring the Note for the account or benefit of, directly or indirectly, any U.S. Person;

	
	 	 
	
d) 		
is outside the United States when receiving and executing this Agreement;

	
	 	 
	
e) 		
the Consultant understands and agrees that offers and sales of any of the Shares prior to the expiration of the period specified in Regulation S (such period hereinafter referred to as the “Distribution Compliance
Period”) shall only be made in compliance with the safe harbor provisions set forth in Regulation S, pursuant to the registration provisions of the 1933 Act or an exemption therefrom, and that all offers and sales after the Distribution
Compliance Period shall be made only in compliance with the registration provisions of the 1933 Act or an exemption therefrom and in each case only in accordance with applicable state and provincial securities laws;

	
	 	 
	
f) 		
the Consultant acknowledges that it has not acquired the Shares as a result of, and will not itself engage in, any “directed selling efforts” (as defined in Regulation S under the 1933 Act) in the United States in
respect of any of the Securities which would include 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 Consultant may sell or otherwise dispose of any of the Shares pursuant to registration of any of the Shares pursuant to the 1933 Act and any applicable securities laws or under an exemption from such registration
requirements and as otherwise provided herein; and

	
	 	 
	
g) 		
hedging transactions involving the Shares may not be conducted unless such transactions are in compliance with the provisions of the 1933 Act and in each case only in accordance with applicable securities laws.

	

6. The Consultant shall be responsible for the payment of its income and other taxes and other remittances including but not limited to any form of insurance as shall be required by any governmental entity (including but not limited to EI, WCB, and
federal and provincial income taxes) with respect to compensation paid by the Company to the Consultant, and nothing in this Agreement implies or creates a relationship of employment. 

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

    
      950, 1130 West Pender Street | Vancouver, BC V6E 4A4 |
      Canada | 604.602.1675
    

8. The Consultant shall be reimbursed for all travelling and other expenses actually and properly incurred by it in connection with its duties hereunder, not including commuting to the office that is the normal place of business. For all such
expenses the Consultant shall furnish to the Company statements, receipts and vouchers for such out-of-pocket expenses on a monthly basis. The Consultant is pre-authorized to incur up to $200 per month, cumulatively, in relevant expenses.
 Amounts over $200 per month must be pre-approved by management of the Company or will be disallowed. Both parties recognize that as the financial condition of the Company improves or deteriorates, this amount may be increased or decreased
without making changes to this document, provided the Company makes Consultant aware of the changed amount.

9. The Consultant shall not, either during the continuance of its contract hereunder or at any time thereafter, disclose the private affairs of the Company and/or its subsidiary or subsidiaries, or any secrets of the Company and/or its subsidiary or
subsidiaries, to any person other than the Directors of the Company and/or its subsidiary or subsidiaries or for the Company's purposes and shall not (either during the continuance of its contract hereunder or at any time thereafter) use for its own
purposes or for any purpose other than those of the Company any information it may acquire in relation to the business and affairs of the Company and/or its subsidiary or subsidiaries, unless required by law. Proprietary Information as that term is
used herein shall consist of all knowledge, data and information which the Consultant may acquire from the documents and information disclosed to it by the Company, its employees, attorneys, consultants, independent contractors, clients or
representatives whether orally, in written or electronic form or on electronic media including, by way of example and not by limitation, any products, customer lists, supplier lists, marketing techniques, technical processes, formulae, inventions or
discoveries (whether patentable or not), innovations, suggestions, ideas, reports, data, patents, trade secrets and copyrights, made or developed by the Company and related data and information related to the conduct of the business of the Company.
Proprietary Information shall also include discussions with officers, directors, employees, independent contractors, attorneys, consultants, clients, finance sources, customers or representatives and the fact that such discussions are taking place.
Proprietary Information shall not be directly or indirectly disclosed to any other person without the prior written approval of the Company. Proprietary Information shall not include matters of general public knowledge, information legally received
or obtained by the Consultant from a third party or parties without a duty of confidentiality, and information independently known or developed by the Consultant without the assistance of the Company.  

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

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

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

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

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

	

  

    
      950, 1130 West Pender Street | Vancouver, BC V6E 4A4 |
      Canada | 604.602.1675
    

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

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

	

This Agreement may also be terminated by either party upon sixty (60) days written notice to the other. Should the Company terminate this agreement for a reason not enumerated in items 11(a), 11(b), 11(c), 11(d), or 11(e), Consultant will be
entitled to all remuneration, as it relates to transactions which were in process but had not yet closed at the date of his termination, to which she would have otherwise been entitled for a period of 30 days after the date of his termination. 

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

13. The Company is aware that the Consultant may have and may continue to have financial interests in other companies. The Company agrees that the Consultant may continue to devote time to such outside interests, provided that such interests do not
conflict with or hinder Consultant’s ability to perform her duties under this Agreement. 

14. In the event that Municipal Approval to build/operate the facility is NOT granted by May 31, 2014, as is currently expected, this Agreement is subject to a 15-day renegotiation period during which time the likelihood of Municipal Approval can be
assessed and this Agreement adjusted if necessary to reflect the lack of Municipal Approval. 

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

16. Any and all previous agreements, written or oral, between the parties hereto or on their behalf relating to the agreement between the Consultant and the Company are hereby terminated and cancelled and each of the parties hereto hereby releases
and forever discharges the other party hereto of and from all manner of actions, causes of action, claims and demands whatsoever under or in respect of any such previous agreements. 

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

 

    
      950, 1130 West Pender Street | Vancouver, BC V6E 4A4 |
      Canada | 604.602.1675
    

    

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

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

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

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

22. Any and all potential or actual common share award or stock option award will be in compliance with all applicable regulations in the USA and Canada.

23. This contract will expire on May 3rd, 2015 unless renewed or extended by mutual written consent of both parties prior to that date. 

 

    
      950, 1130 West Pender Street | Vancouver, BC V6E 4A4 |
      Canada | 604.602.1675
    

    

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

Signed By: 

	Chris Bunka 	 	Date 
	CEO, Director 	 	  
	Great Lakes Cannabis Corp 	 	  
	  	 	  
	  	 	  
	  	 	  
		 	 
    
	Bal Bhullar 	 	Date 
	CFO, Director 	 	  
	Lexaria Corp 	 	  
	  	 	  
	  	 	  
	  	 	  
		 	 
    
	Brian Mullan 	 	Date 
	Security Consultant 	 	  
	Bmullan and Associates 	 	  

 

 

    
      950, 1130 West Pender Street | Vancouver, BC V6E 4A4 |
      Canada | 604.602.1675EXHIBIT 4.4

 

THIRD AMENDED AND RESTATED DESIGNATIONS
OF PREFERENCES AND RIGHTS

OF

SERIES A CONVERTIBLE PREFERRED STOCK

OF

INVISA, INC.

 

 

The undersigned, Edmund C. King, certifies
that:

 

1.     He is the President and Chief Executive Officer of Invisa, Inc., a corporation organized and existing under the laws of the State
of Nevada (the "Corporation").

 

2.     Pursuant to authority conferred upon the Board of Directors by the Articles of Incorporation of the Corporation, and pursuant to
the provisions of Section 78.1955 of the Nevada Revised Statutes, the Board of Directors adopted a resolution to create
a series of preferred stock designated as Series A Convertible Preferred Stock. A Certificate of Designation of Preferences and
Rights of Series A Convertible Preferred Stock was filed with the Nevada Secretary of State on August 19, 2004 and subsequently
amended and restated by that certain Amended and Restated Certificate of Designation of Preferences and Rights of Series A Convertible
Preferred Stock filed with the Nevada Secretary of State on August 31, 2005, and further amended and restated by that certain Second
Amended and Restated Certificate of Designation of Preferences and Rights of Series A Convertible Preferred Stock filed with the
Nevada Secretary of State on March 7, 2014.

 

3.     Pursuant to the provisions of Section 78.1955
of the Nevada Revised Statutes, the Board of Directors, at a meeting held on April 28, 2014 adopted a resolution to amend and restate
the rights, preferences, privileges and restrictions of, the Corporation's Series A Preferred Stock, as provided in this Third
Amended and Restated Certificate of Designation of Preferences and Rights of Series A Convertible Preferred Stock (the “Resolution”).

 

4.     The Resolution and this Third Amended and Restated Certificate of Designation of Preferences and Rights of Series A Convertible
Preferred Stock have been approved by unanimous consent of the holders of shares of the Corporation’s Series A Convertible
Preferred Stock, Series B Convertible Preferred Stock and Series C Convertible Preferred Stock, which constitutes the approval
of the class of stock being amended and each class of stock which, before the amendment, is
senior to the class being amended as to the payment of distributions upon dissolution of the Corporation as required pursuant to
Nevada Revised Statutes Section 78.1955.

 

5.     The Resolution is as follows:

 

         NOW, THEREFORE, BE IT RESOLVED, that the Board
of Directors hereby fixes and determines, the number of shares constituting, and the rights, preferences, privileges and restrictions
relating to, a new series of Preferred Stock as follows:

 

         (a)     Designation. The series of Preferred
Stock is hereby designated Series A Convertible Preferred Stock (the "Series A Preferred Stock").

 

         (b)     Authorized Shares. The number of authorized shares constituting
the Series A Preferred Stock shall be Twenty Two Thousand (22,000) shares of such series.

 

         (c)     Face Value. The Series A Preferred Stock shall have a face
value of one hundred dollars ($100) per share (the “Series A Face Value”).

 

    	1

    	 

    

 

         (c)     Dividends. The holder of the Series A Preferred Stock shall
be entitled to receive, when, as and if declared by the Board of Directors, out of any assets of the Corporation legally available
therefor, such dividends as may be declared from time to time by the Board of Directors. Nothing herein shall obligate or require
the Board of Directors to declare a dividend for the Series A Preferred Stock.

 

         (d)     Liquidation Preference. In the event of any liquidation,
dissolution or winding up of the Company, the Series A Preferred Stock shall be: (i) equal to the liquidation preference of the
Series B Preferred Stock and Series C Preferred Stock, and (ii) senior to the liquidation preference of all other classes of preferred
or common stock of the Company (the “Series A Liquidation Preference”). The Series A Liquidation Preference shall
be in an amount equal to the Series A Face Value. At the option of the Holders of the Series A Preferred Stock, a merger (except
into a subsidiary), sale of all or substantially all of the assets of the Company, reorganization or other transaction in which
control of the Company is transferred may be deemed to be a liquidation, dissolution or winding up for purposes of this Section.
Distribution equal to the Series A Face Value constitutes payment in full to the holders of the Series A Preferred Stock.

 

         (e)     Voting Rights. Except as otherwise required by law, each
outstanding share of Series A Preferred Stock shall have the right to 3,000 votes on matters that come before the shareholders.

 

         (f)     Conversion.

 

                  (i)     Conversion
Shares. The Series A Preferred Stock has a fixed conversion price of $0.60 per share resulting in the number of shares of
common stock to be issued upon conversion equaling 166.66 shares of common stock for each share of Series A Preferred Stock (i.e.,
the Series A Face Value divided by sixty cents ($0.60) per share)(the “Series A Conversion Shares”) The Series A Conversion
Shares will be proportionately adjusted upon a common stock split or common stock dividend after the date hereof. Any fractional
shares shall be rounded-up to a whole share.

 

                  (ii)     Right
to Convert. The Holder of Series A Preferred Stock may convert the Series A Preferred Stock into Series A Conversion Shares
at any time by providing written notice to the Company.

 

         (h)      Severability. If any right, preference
or limitation of the Series A Preferred Stock set forth herein is invalid, unlawful or incapable of being enforced by reason of
any rule, law or public policy, all other rights, preferences and limitations set forth herein that can be given effect without
the invalid, unlawful or unenforceable right, preference or limitation shall nevertheless remain in full force and effect, and
no right, preference or limitation herein shall be deemed dependent upon any other such right, preference or limitation unless
so expressed herein.

 

3.     The number of authorized shares of Preferred
Stock of the Corporation is five million (5,000,000) shares and the number of shares of Series A Preferred Stock designated and
authorized hereby is Twenty Two Thousand (22,000) shares of which 9,715 shares of Series A Preferred Stock are currently outstanding.

 

The undersigned declares under penalty of perjury
that the matters set out in the foregoing Certificate are true of his own knowledge.

 

Executed at Sarasota, Florida on this 29th day of April 2014.

 

	
	 
	 
	/s/ Edmund C. King
	Print Name:  Edmund C. King
	Title: President and Chief Executive Officer

 

    	2

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