Document:

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

CONSULTING AGREEMENT

THIS AGREEMENT is made effective this 24th day of April, 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 8854328 Canada Inc, a body corporate duly
incorporated under the laws of Canada and having an office at 950-11300 W Pender St, Vancouver BC, V6E 4A4 

  (hereinafter called the "Company") 

 OF THE FIRST PART 

AND: 

Jason Springett, an individual in the Province of Ontario residing at #3, 869 Whetherfield Street, London, N6H 0A2

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

 OF THE SECOND PART 

WHEREAS: 

A. Consultant agrees to serve as Master Grower Ontario Operations to the Company and to provide services as described below, effective April 24th, 2014; 

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

 

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

 - 2 - 

  FOR VALUABLE CONSIDERATION it is hereby agreed as follows: 

1. The Consultant shall provide Master Grower services and report to the Operations Manager, and periodically to Senior Executives of the Company, and perform such tasks in general including but not limited to the following: 

Policies 

The Consultant will implement standards of performance, safety policies and procedures as communicated to him by the Operations Manager. The Consultant will ensure procedures adhere to local and federal regulations, insurance requirements and all
legalities regardless of whether they be municipal, provincial, or federal. 

Financials 

The Consultant will assist in the development of financial budgets for the facilities in which the Consultant is the designated Master Grower. The Consultant will review production and activity reports to assist in reaching production goals. The
Consultant will be tasked to find ways to reduce operational costs and increase revenues. 

Management 

The Consultant will work with the Operations Manager to assist in determining staff required to accomplish goals, and providing oversight to the production staff. The Consultant will oversee and manage goods used to produce medical marijuana at the
facility such as inventory or production materials. 

Production 

The Consultant will be the Master Grower for the Company, as that term is defined by Health Canada in the Marijuana for Medical Purposes Regulations. The Consultant is expected to be intimately familiar with the MMPR, which can be found at
http://www.laws-lois.justice.gc.ca/eng/regulations/SOR-2013-119/. The Consultant will design, formulate, and implement the most advantageous, cost effective, and profitable marijuana grow and production facility possible, in accordance with
best practices and always compliant with the Health Canada MMPR program. The Consultant will be responsible, with the Operations Manager, for developing, practicing and enforcing all inventory control policies, employee safeguards and employee
control programs when they are under the overall control of the Company. 

	
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. The
Consultant will work as needed with lawyers, partners, shareholders and other stakeholders as required by the Company.

	
	 	 
	
b) 		
Contact and Production Information. Prospective client information, and all cloning, feeding, production, growing, cultivation, and harvesting techniques and procedures that are gathered and created by Consultant during the
contract period shall become the property of the Company as it is utilized for the business purposes of the Company. Consultant is required to provide a copy of all such data and logs to Company on a monthly basis by electronic file records.

	

By virtue of this Agreement, the Company is expecting, and Consultant is accepting, the responsibility of working in a full-time production role which is not expected to average less than 40
hours per week, on behalf of the Company. Some weeks Consultant may be required to work more than 40 hours in order to fulfill the terms of this Agreement. 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-venture related company, partnership, or project that competes within North America within the same industry sector, without the Company’s prior
written consent; with the sole permitted exception being the Consultant’s existing relationship with Chlormet Technologies (CMT) which is scheduled to cease upon CMT being awarded a Health Canada license and being staffed for production.

 

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

 - 3 - 

 

2. By virtue of this Agreement, the Company is expecting, and Consultant is accepting, the responsibility of working in a full-time managerial role which is not expected to average less than 40 hours per week, on behalf of the Company. Some weeks
Consultant may be required to work more than 40 hours in order to fulfill the terms of this Agreement.

3. 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 same industry sector, without the Company’s prior written consent; with the sole permitted exception being the Consultant’s existing relationship with Chlormet Technologies/AAA Heidelberg (“CMT”). The
Consultant agrees that he shall maintain his relationship to CMT in a manner which does not compromise his responsibilities nor knowledge of the Company; does not compromise any information as described in Section 11 of this Agreement; and further
agrees that he shall not raise capital for CMT nor participate in day-to-day management of CMT outside of assisting in placing initial staff and responding to infrequent requests for advice from CMT management. 

4. The basic remuneration of the Consultant for its services hereunder shall be at the rate of four thousand one hundred and twenty-five dollars (CDN$4,125) per month plus GST, together with any such increments or bonuses thereto as the
CEO or the Board of Directors of the Company may from time to time determine, payable the 15th day of each calendar month. The Company will negotiate in good faith with the Consultant a profit-sharing bonus once the facility is operational,
designed to reward the Consultant for production goals yet to be established. The basic compensation covers that time required by the Consultant to fulfill his tasks.

5. As described herein, awards of restricted shares of common stock to be issued 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. 

- 4 - 

	Shares On 
Signing 	Shares On 
Municipal
      Approval 	Shares On Health 
Canada
      Approval 	Shares on First 
Commercial
      Harvest 	Shares on $5,000,000 
in
      Plant Revenue 
	110,000 	55,000 	110,000 	165,000 	137,500
  

6. The issuance of the Shares to the Consultant 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. 

7. 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 

- 5 - 

	
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.

	

8. 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. 

9. 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. 

10. 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. 

 

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

 - 6 - 

The Consultant is pre-authorized to incur up to $200 per month, cumulatively, in relevant expenses. 

Amounts over 2500 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. 

11. 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. 

12. All contacts that the Consultant discusses Company business with, will thereafter also be the property of the Company and all contact information must be provided to the Company on an ongoing basis. 

13. 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. 

14. 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 

- 7 - 

	
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 14(a), 14(b), 14(c), 14(d), or 14(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 he would have otherwise been entitled for a period of 60 days after the date of her termination. Should
the Consultant voluntarily terminate this agreement Consultant will not be entitled to any further remuneration past the last day worked. 

15. 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 11 shall survive the termination of this Agreement for a period of 2 years thereafter. 

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

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

18. 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. 

19. 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. 

 

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

- 8 - 

20. 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. 

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

22. 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. 

23. 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.

24. This contract will expire on April 24th, 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 

- 9 - 

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

	SIGNED by: 	 	DATED: 
	  	 	  
	  	 	  
	  	 	April 24, 2014 
	Chris Bunka, 	 	  
	CEO and Director, 	 	  
	Lexaria Corp 	 	  
	  	 	  
	  	 	  
	  	 	  
	  	 	  
	SIGNED by: 	 	  
	  	 	DATED: 
	  	 	  
	  	 	  
	  	 	April , 2014 
	Jason Springett 	 	  
	Master Grower for Ontario Operations 	 	  

 

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

CONSULTING AGREEMENT

THIS AGREEMENT is made effective this 24th day of
April, 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 8854328 Canada Inc, a body corporate duly incorporated under the
laws of Canada and having an office at 950-11300 W Pender St, Vancouver BC, V6E
4A4 

(hereinafter together or separately
called the "Company") 

OF THE FIRST PART 

AND: 

490072 Ontario Ltd.
Operating as HEC GROUP, a body corporate duly incorporated under the laws of the
Province of Ontario, and having an office at 58 King Street West, Suite A, Stoney Creek, Ontario, L8G 1H8 

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

OF THE SECOND PART 

WHEREAS: 

A. Consultant agrees to serve as Human Resources Manager to the
Company and to provide services as described below, effective April 24, 2014;

B. The Company is desirous of retaining the consulting services
of Consultant as a Corporate Development Manager, 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; 

 

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

FOR VALUABLE CONSIDERATION it is hereby agreed as follows: 

1. The Consultant shall provide Human Resource Manager services
to the CEO/Board of Directors of the Company, and perform such tasks in general
including but not limited to the following: 

Analyse the needs of the Company on an ongoing basis and
recommend the most strategic/pressing management and executive positions to be
filled or replaced. Source, identify, interview and negotiate
consulting/management contracts with executive level and management staff on
behalf of the President and Board of Directors. Source and provide and introduce
human resource policies and procedures consistent with the needs of a medical
marijuana production facility for its plant 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. The
      Consultant will work as needed with lawyers, partners, shareholders and
      other stakeholders as required by the Company.

2. By virtue of this Agreement, the Company is expecting, and
Consultant is accepting, the responsibility of working an irregular schedule and
quantity of time on behalf of the Company. Some weeks Consultant may be required
to work more than 30 hours and some weeks Consultant may be required to work
zero hours in order to fulfill the terms of this Agreement. 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 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 

	110,000 	55,000 	110,000 	165,000 	137,500

4. The issuance of the Shares to the Consultant 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. 

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.

 

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

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

	
	 	 
	
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. 

	

 

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

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. Greg Boone, 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 April 24th, 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: 	 	DATED: 
	  	 	  
	  	 	  
	  	 	  
	  	 	  
	  	 	April 24, 2014 
	Chris Bunka, 	 	  
	CEO and Director, 	 	  
	Lexaria Corp 	 	  
	  	 	  
	SIGNED by: 	 	  
	  	 	  
	  	 	  
	  	 	DATED: 
	Greg Boone 	 	 
    
	Human Resources Manager 	 	  

 

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

CONSULTING AGREEMENT

THIS AGREEMENT is made effective this 24th day of
April, 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 8854328 Canada Inc, a
body corporate duly incorporated under the laws of Canada and having an office
at 950-11300 W Pender St, Vancouver BC, V6E 4A4 

(hereinafter together or separately called the "Company") 

OF THE FIRST PART 

AND: 

Current Market Communications & Associates Inc. a body
corporate duly incorporated under the laws of the Province of Ontario, and
having an office at 65 Queen St. West, Suite 510, Toronto, Ontario, M5H 2M5 

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

OF THE SECOND PART 

WHEREAS: 

A. Consultant agrees to serve as Media Coordinator to
the Company and to provide services as described below, effective April 24,
2014; 

B. The Company is desirous of retaining the consulting services
of Consultant as a Media Coordinator, 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; 

FOR VALUABLE CONSIDERATION it is hereby agreed as follows: 

1. The Consultant shall provide Media Coordinator services to
the CEO/President of the
Company, and perform such tasks in general including but not limited to the following: 

 

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

 - 2 - 

Analyse the media and communication needs of the Company on an ongoing basis and recommend, create, edit and update on an ongoing basis various media including video clips and video interviews; Company powerpoints; letters; graphics; booth
presentation materials; and any and all other communications programs and mediums. Communicate on the Company’s behalf directly with interested parties to deliver the Company’s message and branding, relieving the Company President or CEO
of the task when possible. Strategize, arrange and obtain where possible, outside media coverage of the Company through Internet; Television, Newspaper and Radio and other sources.

	
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. The
Consultant will work as needed with lawyers, partners, shareholders and other stakeholders as required by the Company.

	

2. By virtue of this Agreement, the Company is expecting, and Consultant is accepting, the responsibility of working an irregular schedule and quantity of time on behalf of the Company. Some weeks Consultant may be required to work more than 30
hours and some weeks Consultant may be required to work fewer than 10 hours in order to fulfill the terms of this Agreement. 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. The basic remuneration of the Consultant for its services hereunder shall be at the rate of two thousand seven hundred and fifty dollars (CDN$2,750) per month plus GST, together with any such increments or bonuses thereto as the CEO or
the Board of Directors of the Company may from time to time determine, payable the 30th day of each calendar month. The Company may pay the Consultant a bonus from time to time, at its sole discretion.

4. As described herein, awards of restricted shares of common stock to be issued 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 

- 3 - 

	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 
	110,000 	55,000 	110,000 	165,000 	137,500
  

5. The issuance of the Shares to the Consultant 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. 

6. 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 

- 4 - 

	
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.

	

7. 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. 

8. 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. 

9. 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.

 

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

 - 5 - 

10. 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.  

11. 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. 

12. 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

	
	 	 
	
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. 

	

 

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

     - 6 -

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 12(a), 12(b), 12(c), 12(d), or 12(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. 

13. 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 10 shall survive the termination of this Agreement for a period of 2 years thereafter. 

14. 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. 

15. 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. 

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

17. 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. 

18. 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. 

19. 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. 

 

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

 - 7 - 

20. 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. 

21. 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. 

22. 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. 

23. 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.

24. This contract will expire on April 24th, 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 

- 8 - 

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

	SIGNED by: 	 	DATED: 
	  	 	  
	  	 	  
	  	 	April 24, 2014 
	Chris Bunka, 	 	  
	CEO and Director, 	 	  
	Lexaria Corp 	 	  
	  	 	  
	SIGNED by: 	 	  
	  	 	  
	  	 	  
	  	 	DATED: 
	Clark Kent 	 	 
    
	Media Coordinator 	 	  

 

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

CONSULTING AGREEMENT

THIS AGREEMENT is made effective this 24th day
of April, 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
8854328 Canada Inc, a body corporate duly incorporated under the laws of
Canada and having an office at 950-11300 W Pender St, Vancouver BC, V6E 4A4 

(hereinafter together or separately
called the "Company") 

OF THE FIRST PART 

AND: 

2415132 Ontario Inc, a body
corporate duly incorporated under the laws of the Province of Ontario, and
having an office at 27 Regan Road, Brampton, ON L7A 1B2 

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

OF THE SECOND PART 

WHEREAS: 

A. Consultant agrees to serve as Assistant Manager,
QEW to the Company and to provide services as described below,
effective April 24th, 2014; 

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

FOR VALUABLE CONSIDERATION it is hereby agreed as follows: 

The Consultant shall provide Assistant Manager services and
report to the Operations Manager and,
as necessary, the President of the Company, and perform such tasks in general including but not limited to the following: The Consultant is expected to be intimately familiar with the MMPR, which can be found at
http://www.laws-lois.justice.gc.ca/eng/regulations/SOR-2013-119/. The Consultant will assist in the planning and coordination of the various groups to set up the QEW facility in a manner consistent with the Company’s strategic plan and
vision; will facilitate clear communication between advisers such as pharmacology, security, production with those of design, architecture, and construction to ensure timely results and efficient use of resources; and will be accountable to the
Operations Manager and to the President of the Company to ensure the premises are designed and constructed in accordance with Health Canada requirements and with the capacity to meet production objectives. The consultant will participate in
negotiation and oversight of various consultants and contractors and ensure the cost of consultants and contractors is justified and that they are accountable to meet clearly defined goals and objectives and provide full value; and will assist in
the planning, set up and coordination of various departments for production and administration for ongoing operations. 

 

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

 - 2 - 

	
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. The
Consultant will work as needed with lawyers, partners, shareholders and other stakeholders as required by the Company.

	
	 	 
	
b) 		
Contact Information. Prospective investor, partner, client, and shareholder information that is gathered and created by Consultant during the contract period shall become the property of the Company as it is utilized for the
business purposes of the Company. Consultant is required to provide a copy of all such data to Company on a monthly basis by electronic file records.

	

1. By virtue of this Agreement, the Company is expecting, and Consultant is accepting, the responsibility of working in a full-time managerial role which is not expected to average less than 20 hours per week, on behalf of the Company. Some weeks
Consultant may be required to work more than 40 hours in order to fulfill the terms of this Agreement.

2. 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 same industry sector, without the Company’s prior written consent; with the sole permitted exception being the Consultant’s existing director and shareholder relationship with Chlormet Technologies/AAA Heidelberg
(“CMT”). The Consultant agrees that he shall maintain his relationship, including participating at all Board of Directors meetings, to CMT in a manner which does not compromise his responsibilities nor knowledge of the Company; does not
compromise any information as described in Section 10 of this Agreement; and further agrees that he shall not raise capital for CMT unless specifically requested by CMT management to do so after all other reasonable funding efforts have been
attempted; nor in any way participate in day-to-day decision-making or management of CMT outside of assisting in placing initial staff and responding to requests for advice or guidance from CMT management. 

3. The basic remuneration of the Consultant for its services hereunder shall be in the form of any bonuses as the CEO or the Board of Directors of the Company
may from time to time determine. There is no regular cash compensation. The
basic compensation covers that time required by the Consultant to fulfill his
tasks. 

 

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

- 3 - 

4. As described herein, awards of restricted shares of common
stock to be issued 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. 

	Shares On

 Signing 	Shares On

 Municipal Approval
	Shares On Health 

    Canada
      Approval 	Shares on First 

    Commercial
      Harvest 	Shares on $5,000,000 

    in Plant
      Revenue 
	110,000 	55,000 	110,000 	165,000 	137,500

5. The issuance of the Shares to the Consultant 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. 

 

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

 - 4 - 

6. 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;

	
	 	 
	
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.

	

7. 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. 

 

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

 - 5 - 

8. 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. 

9. 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. 

10. 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. 

11. All contacts that the Consultant discusses Company business with, will thereafter also be the property of the Company and all contact information must be provided to the Company on an ongoing basis. 

 

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

 - 6 - 

12. 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. 

13. 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

	
	 	 
	
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 13(a), 13(b), 13(c), 13(d), or 13(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 60 days after the date of her termination. 

14. 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 10 shall survive the termination of this Agreement for a period of 2 years thereafter. 

15. 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. 

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

17. 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. 

 

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

 - 7 - 

18. 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. 

19. 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. 

20. 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. 

21. 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. 

22. 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. 

23. 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. 

24. This contract will expire on April 24th, 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 

- 8 - 

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

	SIGNED by: 	 	DATED: 
	  	 	  
	  	 	  
	  	 	April 24, 2014 
	Chris Bunka, 	 	  
	CEO and Director, 	 	  
	Lexaria Corp 	 	  
	  	 	  
	  	 	  
	  	 	  
	  	 	  
	SIGNED by: 	 	  
	  	 	  
	  	 	  
	  	 	  
	  	 	DATED:
    
	Chris Hornung 	 	  
	QEW Assistant Manager 	 	  

 

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

CONSULTING AGREEMENT

 THIS AGREEMENT is made effective this 24th day of April, 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 8854328 Canada Inc, a body corporate duly incor rporated under the laws of Canada and having an office at 950-11300 W Pender St, Vancouver BC, V6E 4A4 

  (hereinafter together or separately called the "Company") 

 OF THE FIRST PART 

AND: 

Don Shaxon, an individual in the Province of Ontario residing at 3129 Centennial Drive, Burlington, L7M 1B8 

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

 OF THE SECOND PART 

WHEREAS: 

A. Consultant agrees to serve as Ontario Operations Manager to the Company and to provide services as described below, effective April 24th, 2014; 

B. The Company is desirous of retaining the consulting services of Consultant as Ontario Operations Manager, on a contract basis and the Consultant has agree ed to
serve the Company as an independent contractor upon the terms and conditions hereinafter set forth; 

 

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

 - 2 - 

FOR VALUABLE CONSIDERATION it is hereby agreed as follows: 

1. The Consultant shall provide Operations Manager services and report to the CEO/President/CFO of the Company, and perform such tasks in general including but not limited to the following: 

Policies 

The Consultant is expected to be intimately familiar with the MMPR, which can be found at http://www.laws-lois.justice.gc.ca/eng/regulations/SOR-2013-119/. The Consultant will establish policies and procedures that align with the
Company’s overall goals and objectives. The Consultant will implement standards of performance, safety policies and procedures and makes policy changes as necessary. The Consultant will consult with executives to whom he reports, to ensure
policies adhere to local and federal regulations, insurance requirements and all legalities regardless of whether they be municipal, provincial, or federal. 

Financials 

With other top executives, the Consultant will develop financial budgets for the facilities the Consultant oversees. The Consultant will develop construction budgets and timelines and communicate these to the executives to whom he reports. The
Consultant will review sales data, production and activity reports, financial statements and other information to ensure financial goals are achieved. The Consultant will be tasked to find ways to reduce operational costs and increase revenues. The
Consultant will plan long-term financial goals for those facilities the Consultant oversees. 

Management 

The Consultant will direct all human resources and management activities, including determining staff needed to accomplish goals, select and hire new employees and assign responsibilities to the entire staff. The Consultant will oversee and manage
goods used to produce medical marijuana at the facility such as sales merchandise, inventory or production materials. Operations managers also authorize, approve, and be responsible for all vendor and contract services for the facility. 

Production 

The Consultant will design, formulate, and implement the most advantageous, cost effective, and profitable marijuana grow and production facility possible, in accordance with best practices and always compliant with the Health Canada MMPR program.
The Consultant will be responsible for developing, practicing and enforcing all inventory control policies, employee safeguards and employee control programs when they are under the overall control of the Company. 

	
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. The
Consultant will work as needed with lawyers, partners, shareholders and other stakeholders as required by the Company.

	

 

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

- 3 - 

	
b) 		
Contact Information. Prospective investor, partner, client, and shareholder information that is gathered and created by Consultant during the contract period shall become the property of the Company as it is utilized for the
business purposes of the Company. Consultant is required to provide a copy of all such data to Company on a monthly basis by electronic file records.

	

2. By virtue of this Agreement, the Company is expecting, and Consultant is accepting, the responsibility of working in a full-time managerial role which is not expected to average less than 40 hours per week, on behalf of the Company. Some weeks
Consultant may be required to work more than 40 hours in order to fulfill the terms of this Agreement.

3. 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 same industry sector, without the Company’s prior written consent; with the sole permitted exception being the Consultant’s existing relationship with Chlormet Technologies /AAA Heidelberg (“CMT”).
The Consultant agrees that he shall maintain his relationship to CMT in a manner which does not compromise his responsibilities nor knowledge of the Company; does not compromise any information as described in Section 11 of this Agreement; and
further agrees that he shall not raise capital for CMT nor participate in day-to-day management of CMT outside of assisting in placing initial staff and responding to infrequent requests for advice from CMT management. 

4. The basic remuneration of the Consultant for its services hereunder shall be at the rate of four thousand one hundred and twenty five dollars (CDN$4,125) per month plus GST, together with any such increments or bonuses thereto as the
CEO or the Board of Directors of the Company may from time to time determine, payable the 15th day of each calendar month. The Company will negotiate in good faith with the Consultant a profit-sharing bonus once the facility is operational,
designed to reward the Consultant for production goals yet to be established. The basic compensation covers that time required by the Consultant to fulfill his tasks. 

5. As described herein, awards of restricted shares of common stock to be issued 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 

- 4 - 

	Shares On

 Signing 	Shares On

 Municipal Approval
	Shares On Health 

    Canada
      Approval 	Shares on First 

    Commercial
      Harvest 	Shares on $5,000,000 

    in Plant
      Revenue 

	110,000 	55,000 	110,000 	165,000 	137,500

6. The issuance of the Shares to the Consultant 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. 

7. 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;

	 	 
	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;

 

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

- 5 - 

	
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.

	

8. 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. 

9. 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. 

10. 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 $500 per month, cumulatively, in relevant expenses.
Amounts over $500 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.

 

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

- 6 - 

11. 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. 

12. All contacts that the Consultant discusses Company business with, will thereafter also be the property of the Company and all contact information must be provided to the Company on an ongoing basis. 

13. 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. 

14. 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

	
	 	 
	
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. 

	

 

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

- 7 - 

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 14(a), 14(b), 14(c), 14(d), or
14(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 60
days after the date of her termination. 

15. 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
11 shall survive the termination of this Agreement for a period of 2 years
thereafter. 

16. 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. 

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

18. 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. 

19. 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.

20. 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. 

21. 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. 

 

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

- 8 - 

22. 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. 

23. 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. 

24. 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. 

25. This contract will expire on April 24th, 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 

- 9 - 

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

	SIGNED by: 	 	DATED: 
	  	 	  
	  	 	  
	  	 	  
	  	 	  
	  	 	April 24, 2014 
	Chris Bunka, 	 	  
	CEO and Director, 	 	  
	Lexaria Corp 	 	  
	  	 	  
	  	 	  
	  	 	  
	  	 	  
	SIGNED by: 	 	  
	  	 	  
	  	 	  
	  	 	  
	  	 	DATED:
    
	Don Shaxon 	 	  
	Ontario Operations Manager 	 	  

 

950, 1130 West Pender Street | Vancouver, BC V6E 4A4 | Canada |
604.602.1675American Petro-Hunter, Inc.: Exhibit 10.23 - Filed by newsfilecorp.com

PURCHASE AND SALE AGREEMENT 

This Purchase and Sale Agreement (“Agreement”), entered into as of February____,2014, to be effective January 1, 2014 (the “Effective Date”), is by and between American
Petro-Hunter, Inc., a Nevada corporation, with an address of 250 N. Rock Rd., Suite 365, Wichita, KS 67206 (“Seller”), and Roberson Oil Company, Inc., an Oklahoma corporation having its principal place of business located at 201
E. Cottage Street, Ada, Oklahoma 74820 (“Buyer”).  Seller and Buyer are sometimes referred to herein individually as a “Party” and collectively as the “Parties”.

WHEREAS, Seller owns the Properties (as defined below) and desires to sell the Properties to Buyer, and Buyer desires to purchase the Properties from Seller, upon the terms and conditions set forth herein. 

NOW THEREFORE in consideration of the mutual covenants contained in this Agreement and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Buyer and Seller agree as follows: 

1.                  Subject to the terms and conditions hereof, Seller hereby agrees to sell, convey and assign to Buyer, and Buyer hereby agrees to purchase, one hundred percent (100%) of the Working Interest owned by Seller, the amount of such Working Interest
owned by Seller being more particularly described in Exhibit A attached hereto and made a part hereof for all purposes, and an undivided Seventy-Seven percent (77%) Net Revenue Interest (as defined below) on an 8/8ths basis,
proportionately reduced to the assigned Working Interest, in and to the oil and gas leases described in Exhibit A (the “Leases”), including any extensions and renewals thereof; and, all oil, gas, water, disposal and
injection wells located on the lands covered by the Leases or included in pooled acreage or units with which any Lease may have been pooled or unitized (the “Wells”), including the Wells listed on Exhibit B, and all
oil, gas and other hydrocarbons produced from or attributable to the Wells, all Leases free and clear of all liens, encumbrances and mortgages, and all rights to any operating agreements and all rights to the Oil and Gas Development Agreements
further described on the attached Exhibit C, and all other real and personal property, any and all other property rights relating to the Leases, the leasehold estates created thereby, or the lands covered by the Leases or included in
pooled acreage or units with which any Lease may have been pooled or unitized, including, but not limited to, all surface leases and surface use agreements, easements, rights of way, servitudes, contracts, contract rights, water rights, lease, title
and other files, geophysical and seismic data, and any net profits interest, production payments, reversionary interests and other interests in the oil and gas in place or the production thereof from the lands covered by the Leases or included in
pooled acreage or units with which any Lease may have been pooled or unitized (all the foregoing collectively the “Properties”). For clarification purposes, it is the expressed intent of the Seller to assign all right, title and
interest to the leases included in Exhibit A whether mentioned specifically or not. 

2.                   The consideration for the sale of the Properties shall be FIVE-HUNDRED-FORTY THOUSAND DOLLARS ($540,000) (the “Purchase Price”). The effective date and time for the purchase and sale of the Properties shall be 7:00 a.m. at
the location of the Properties on the Effective Date (the “Effective Time”).

3.                    Seller represents and warrants to Buyer as of the Effective Date and as of the Closing Date that: 

(a) Seller (i) has been duly organized and is validly existing and in good standing under the laws of the jurisdiction of its organization and is duly qualified or licensed to do business and is in good standing as a
foreign entity in each jurisdiction in which the character or location of its assets or properties (whether owned, leased or licensed) or the nature of its business make such qualification
necessary, (ii) is authorized to enter into this Agreement and consummate the
transactions contemplated hereby, and (iii) has all requisite power and
authority to own its property (including the Properties);

1 

(b) neither the execution and delivery of
this Agreement nor the consummation or performance of the transactions contemplated hereby will (i) result in any default under any agreement or instrument to which Seller is a party or by which any of the Properties is bound, (ii) violate any
provision of Seller’s organizational or governing documents, (iii) violate any order, writ, injunction, permit, decree, statute, rule or regulation applicable to Seller or to any of the Properties, or (iv) require any filing, consent or
approval under any statute, rule or regulation (except for approvals required to be obtained from governmental entities who are lessors under the Leases or who administer such Leases on behalf of such lessors that are customarily obtained
post-closing); 

(c) Seller is not a “foreign person” within the meaning of Code Section 1445; 

(d) this Agreement constitutes (and the other instruments delivered at the
Closing (defined below), when executed and delivered, will constitute) the
legal, valid and binding obligation of Seller, enforceable in accordance with
its terms, except as limited by bankruptcy or other laws applicable generally to
creditor's rights and as limited by general equitable principles;

(e) there are no pending suits, actions, or other proceedings in which Seller is
a party, and, none have been threatened, relating to any of the Properties,
including, without limitation, any actions challenging or pertaining to Seller's
title to any of the Properties or affecting the execution and delivery of this
Agreement or the consummation of the transactions contemplated hereby; 

(f) except for those agreements listed in Exhibit C, none of the Leases (i) is subject to the terms of any preferential right for a third party to purchase such
Leases, or a right of first refusal, (ii) requires the consent of any third party to the valid assignment of such Lease to Buyer, (iii) is subject to the terms of any purchase or sale agreements; partnership, joint venture and/or exploration or
development agreements; transportation, marketing, and/or processing agreements; areas of mutual interest, non-competition agreements or other restrictions, (iv) is subject to any surface waivers or similar restrictions on drilling or location of
drill sites, or other restrictions on the ingress and egress to and from the Leases, for purposes of drilling and other operations, or (v) is subject to a drilling commitment, continuous drilling obligation, or other obligation to drill a well or
wells during the primary term thereof;

(g) INTENTIONALLY OMITTED. 

(h) except for those agreements listed in Exhibit C, no individual or entity has any claim to the Properties or any interest therein for which Seller (or Buyer as transferee) is or would be obligated to
compensate such individual or entity for (including brokerage fees) or for which Seller (or Buyer as transferee) would be obligated to further transfer any interest in the Properties to such individual or entity;

(i) INTENTIONALLY OMITTED;

(j) INTENTIONALLY OMITTED; 

(k) INTENTIONALLY OMITTED. 

(l) Seller has provided Buyer with true, correct and complete copies of all contracts relating to any of the Properties, all of which are valid and binding and in full force and effect; 

(m) INTENTIONALLY OMITTED;

(n) INTENTIONALLY OMITTED; 

(o) INTENTIONALLY OMITTED; 

2 

(p) the Leases, and Seller (with respect to the Leases), are not the subject of any pending regulatory compliance or enforcement action or known investigation, and Seller has not received any notice, notification,
demand, request for information, citation, summons or order with respect to the Leases and alleging a material violation of any law, rule, regulation, order, or other command or directive issued by any governmental authority (including any
Environmental Law)  or permit (collectively “Laws”);     

(q) INTENTIONALLY OMITTED

(r) INTENTIONALLY OMITTED

(s) INTENTIONALLY OMITTED;

(t) INTENTIONALLY OMITTED;

(u) INTENTIONALLY OMITTED;

(v) INTENTIONALLY OMITTED;

(w) Seller has provided Buyer with a complete and accurate list of the status of any “payout” balance, as of the date hereof, for the Wells subject to a reversion or other adjustment at some level of cost
recovery or payout; 

(x) none of the Properties are subject to tax partnership reporting requirements under applicable provisions of the Internal Revenue Code of 1986, as amended (the “Code”) or any foreign, state or local
Law. With respect to Taxes and Tax Returns: (i) all material Tax Returns required to be filed by Seller with respect to the Properties have been filed, (ii) all Taxes shown as due on such Tax Returns have been paid, (iii) all other Taxes,
assessments, excises and other levies not reported on Seller’s Tax Returns but that pertain to the Properties, which, if not paid, could constitute Liens or charges against the Properties, except for Taxes being contested in good faith and by
appropriate proceedings have been paid or will be paid in the ordinary course as same become due and payable, (iv) there are no material Liens on any of the Properties that arose in connection with any failure to pay any Tax, (v) there is no
material claim or inquiry pending by any governmental authority in connection with any Tax or any Tax Return described in clauses (i), (ii) or (iii), (vi) no written claim has been made by any governmental authority in a jurisdiction where Seller
does not file a Tax Return that it is or may be subject to material taxation in that jurisdiction with respect to the Properties, and (vii) none of the Properties is held in or subject to an arrangement or agreement that results in any of the
Properties being treated as held in or subject to a partnership (or otherwise treated as an interest in any entity) for federal, state, or local income tax purposes; and 

(y) INTENTIONALLY OMITTED 

For purposes of this Agreement, “Tax Returns” means any report, return, election, document, estimated tax filing, declaration, claim for refund, information returns, or other filing provided to any governmental authority with
respect to Taxes including any schedules or attachments thereto and any amendment thereof. 

For purposes of this Agreement, "Taxes" means all taxes, duties, levies, imposts, or other similar charges imposed by a governmental authority with respect to Seller’s ownership of the Properties and or the Leases, including, without
limitation, all income, franchise, profits, margins, capital gains, transfer, gross receipts, sales, use, transfer, ad valorem,
real or personal property, excise,
severance, or other similar charges of any kind, and all estimated taxes, deficiency assessments, additions to tax, penalties and interest with respect to taxes, whether disputed or otherwise.

3 

For purposes of this Agreement, “Net Mineral Acres” shall mean, with respect to a particular Lease, the product of (i) the percentage interest in such Lease that is burdened with the obligation to bear and pay costs and expenses
of maintenance, development and operations in connection with such Lease, without regard to royalties, overriding royalties, net profits interests or other similar burdens (“Working Interest”) multiplied by (ii) the number
of acres covered by such Lease multiplied by (iii) the Lessor’s percentage interest in the oil and gas mineral fee estate in the land covered by such Lease. 

The representations and warranties in Sections 3(a) through (d) shall survive the Closing indefinitely. The representations and warranties in Sections 3(e) through (w) shall survive Closing for a period of two years.

4.                   Buyer represents and warrants to Seller as of the Effective Date and as of the Closing Date that: 

(a) Buyer (i) has been duly organized and is validly existing and in good standing under the laws of the jurisdiction of its organization and is
duly qualified or licensed to do business and is in good standing as a foreign entity in each jurisdiction in which the character or location of its assets or properties (whether owned, leased or licensed) or the nature of its business make such
qualification necessary, (ii) is authorized to enter into this Agreement and consummate the transactions contemplated hereby, and (iii) has all requisite power and authority to own its property (including the Properties); 

(b) neither the execution and delivery of this Agreement nor the consummation or performance of the transactions contemplated hereby will (i) result in any default under any agreement or instrument to which Buyer is a
party or by which any of the Properties is bound, (ii) violate any provision of Buyer’s organizational or governing documents, (iii) violate any order, writ, injunction, permit, decree, statute, rule or regulation applicable to Buyer or to any
of the Properties, or (iv) require any filing, consent or approval under any statute, rule or regulation (except for approvals required to be obtained from governmental entities who are lessors under the Leases or who administer such Leases on
behalf of such lessors that are customarily obtained post-closing); 

(c) Buyer is not a “foreign person” within the meaning of Code Section 1445; 

(d) this Agreement constitutes (and the other instruments delivered at the
Closing (defined below), when executed and delivered, will constitute) the
legal, valid and binding obligation of Buyer, enforceable in accordance with its
terms, except as limited by bankruptcy or other laws applicable generally to
creditor's rights and as limited by general equitable principles; 

(e) there are no pending suits, actions, or other proceedings in which Buyer is
a party, and, none have been threatened, relating to any of the Properties,
including, without limitation, any actions challenging or pertaining to Buyer's
title to any of the Properties or affecting the execution and delivery of this
Agreement or the consummation of the transactions contemplated hereby; 

5.                  
INTENTIONALLY OMITTED

6.                   Effective as of the Closing, Buyer assumes and agrees to fully perform Seller’s express or implied covenants under the Leases, and agrees to indemnify, defend and hold Seller harmless from any claims, lawsuits, liabilities or obligations
arising out of the failure of Buyer to do so; provided, however, Buyer shall not assume any obligations or liabilities to the extent they are (i)
attributable to any litigation, actions, suits or other proceedings affecting
the Properties that arise prior to the Closing, (ii) costs
allocated to Seller under this Agreement, (iii) attributable to the disposal or transportation by Seller off of the land covered by the Leases of any hazardous, toxic or other substances alleged to be harmful, (iv) a claim for personal injury or
death relating to the Properties and occurring prior to the Closing Date, or (v) attributable to the ownership, use, or disposition of the Properties attributable to periods prior to the Effective Date (collectively, the “Seller Retained
Liabilities”).

4 

SELLER AGREES TO INDEMNIFY, DEFEND, AND HOLD BUYER, ITS AFFILIATES AND THEIR RESPECTIVE PARTNERS, MEMBERS, DIRECTORS EMPLOYEES, AND REPRESENTATIVES HARMLESS FROM AND AGAINST ALL, CLAIMS, ACTIONS, CAUSES OF ACTION, LOSSES, LIABILITIES AND OTHER
DAMAGES SUFFERED BY AND EXPENSES (INCLUDING REASONABLE ATTORNEY’S FEES) INCURRED IN CONNECTION WITH ANY SELLER RETAINED LIABILITY. 

(a) From and after the Effective Date until the Closing, Seller will (i) not transfer, sell, mortgage, pledge, encumber or dispose of (or permit any affiliate to do any of the foregoing) any portion of the Properties;
and (iI) provide Buyer with copies of any and all correspondence received from a governmental authority with respect to the Properties within 5 days after receipt thereof. 

7.                   (a) Buyer’s obligation to purchase the Properties and to take the other actions required to be taken by Buyer at the Closing shall be subject to the satisfaction of the following conditions (any of which may be waived in writing by Buyer):
(i) all of Seller’s representations and warranties contained herein shall be true and correct, (ii) Seller shall have performed and satisfied all of its covenants set forth herein, (iii) no suit, action, or other proceeding instituted by a
third party shall be pending before any governmental authority or arbitrator seeking to restrain, prohibit, enjoin, or declare illegal, or seeking substantial damages in connection with, the transactions contemplated by this Agreement, (iv) no order
shall have been entered by any court or governmental agency that restrains or prohibits the transactions contemplated by this Agreement, (v)  all consents and approvals (if any) required from governmental authorities for the consummation of the
transactions contemplated by this Agreement shall have been granted (except for consents and approvals of governmental authorities customarily obtained subsequent to transfer of title), (vi) Seller shall have furnished Buyer with a resolution by
Seller’s board of directors, or if Seller is a subsidiary with no separate board of directors, with a resolution by the board of directors of its ultimate parent entity, authorizing all transactions contemplated by this Agreement, specifically
including, without limitation, the sale of the Properties to Buyer, and evidencing the authority of Seller to execute, deliver, and perform its obligations hereunder, (vii) Seller shall have furnished to Buyer an affidavit of non-foreign status that
satisfies the requirements of Code Section 1445(b)(2), and (viii) Seller shall have provided Buyer certificates of good standing evidencing Seller’s qualification to do business in each applicable jurisdiction discussed in Section
3(a).

(b) Subject to the terms and conditions of this Agreement, the sale by Seller and the purchase by Buyer of the Properties pursuant to this Agreement (the “Closing”) shall occur on or before
February 17, 2014 , or such other date as Buyer and Seller may agree upon in writing (the “Closing Date”), at the offices of Buyer in Ada, Oklahoma. At the Closing, (i) Buyer shall pay the Purchase Price, (iii)
Seller shall convey the Properties to Buyer by an Assignment and Bill of Sale, which shall include a general warranty of title through February 17, 2014, and a special warranty of title thereafter in which Seller agrees to defend against any person
claiming by, through or under Seller, but not otherwise, and which conforms with the form assignment attached hereto as Exhibit E. Buyer and Seller shall also execute appropriate federal and state assignment forms as may be required to
effectuate the conveyance of the Properties. Seller shall deliver a notice of assignment to each operator under each operating agreement (with respect to which Seller is not the operator) applicable to the Leases or Wells within 3 days after the
Closing Date.

5 

(c) This Agreement may be terminated by written notice at any time prior to the Closing: (i) by mutual written consent of Buyer and Seller; (ii) by Buyer pursuant to Section 8 or Section 9; (iii) by Buyer
if Seller defaults hereunder and fails to cure such default within 10 days after Buyer gives Seller written notice of such default; (iv) by Seller if Buyer defaults hereunder and fails to cure such default within 10 days after Seller gives Buyer
written notice of such default, or (v) by Buyer if Buyer is not in default, provided, however, that in lieu of terminating, Buyer, in its discretion, may seek specific performance of the terms of this Agreement (and it is recognized that Buyer would
be irreparably harmed by a breach of this Agreement by Seller or the failure of Seller to satisfy such conditions, and, therefore, Buyer shall have the right to, and may, seek injunctive relief, to prevent breaches of the provisions of this
Agreement, and shall be entitled to enforce specifically the provisions of this Agreement, in any court of the United States or any state thereof having jurisdiction, in addition to any other remedy to which the parties may be entitled under this
Agreement or at law or in equity), provided that Seller shall have no obligation to cure any Title Defect or otherwise undertake any title curative efforts. If this Agreement is terminated pursuant to this Section 5(c), all further
obligations of the Parties under this Agreement shall terminate; provided, however, that (x) neither Party shall be relieved of any obligation or liability arising out of any inaccuracy in or breach by such Party of a representation, warranty or
covenant in this Agreement occurring prior to such termination, and (y) the Parties shall, in any event, remain bound by and continue to be subject to this Section 5(c), and the indemnity provisions of Section 3 and Section 7.
Seller’s sole remedy for Buyer’s default shall be to terminate this Agreement. 

8.                   INTENTIONALLY OMITTED.

9.                   Neither Party shall have any liability, contingent or otherwise, for brokers’ or finders’ fees relating to the sale of the Properties arising from the other Party, and each Party agrees to indemnify, defend and hold the other Party
harmless from and against any such liability arising as a result of the indemnifying Party’s actions. Each Party shall be solely responsible for the attorneys’ fees and any other costs or expenses incurred by it in connection with the
negotiation and execution of this Agreement. 

10.                   (a) From the date of this Agreement until the or termination of this Agreement, Buyer shall be afforded the opportunity to examine all records and information (including all title, leases, contracts, and land files) in Seller’s possession
with respect to the Properties and to conduct such other investigations as Buyer deems necessary, in its sole discretion, including an examination of any and all public records. If Buyer determines that any Title Defect (as defined below) exists,
then Buyer shall be entitled to assert any such Title Defect by written notice to Seller on or before February 17, 2014. If Buyer asserts any Title Defect at least three days prior to Closing and Seller does not cure such defect to
Buyer’s reasonable satisfaction prior to the Closing, then Buyer shall have the following options: 

(i) If Buyer and Seller agree upon the amount by which the value of an affected Lease is reduced by such Title Defect (such amount, the
“Title Defect Amount”), then Buyer may elect to waive the Title Defect and consummate the Closing, and the Purchase Price shall be reduced by the agreed Title Defect Amount and the affected Lease shall be acquired by Buyer at
Closing, subject to the Title Defect; or 

(ii) If Buyer and Seller do not agree upon the amount by which the value of an affected Lease is reduced by a Title Defect, then such Lease shall be excluded from this sale and the Purchase Price shall be
reduced by the value allocated to such Lease and any associated Wells, well locations, and a portion of the 3D Seismic value, if any, equal to the product of the total 3D Seismic value multiplied by a fraction, the numerator of which is the number
of Net Mineral Acres covered by the affected Lease, and the denominator of which is the total number of Net Mineral Acres covered by all Leases as shown on Exhibit A, all such values being as shown in the schedule of allocated values
attached hereto as Exhibit G; or 

6 

(iii) If the Leases subject to Title Defects cover an aggregate of more than 352 Net Mineral Acres (“Title Defect Termination Threshold"),
Buyer may terminate this Agreement by written notice to Seller, and Buyer shall
have no further obligations or liabilities to Seller hereunder; or 

(iv) Buyer may elect to consummate the Closing without an adjustment to the
Purchase Price, whereupon Buyer shall be deemed to have waived any such Title
Defect and the assignment to Buyer shall include the defective Lease. 

(v) INTENTIONALLY OMITTED.

(b) INTENTIONALLY OMITTED. 

(c) INTENTIONALLY OMITTED.  As used in this Agreement, the term “Title Defect” means any Lien, charge, encumbrance, obligation (including contract obligation), and a discrepancy in Net Revenue
Interest that causes Seller not to have Defensible Title (defined below) in and to any Lease as of the Effective Date and as of Closing.  As used in this Agreement, “Defensible Title” means, with respect to a particular Lease,
such title of Seller which: 

(i) Entitles Seller to receive, throughout the life of such leases, a share of the hydrocarbons produced, saved from or attributable to such Lease, after giving effect to all valid royalties, overriding royalties,
production payments, net profits interests, carried interests, reversionary interests, or other similar interests constituting burdens upon, measured by, or payable out of  the hydrocarbons produced and saved from or attributable to such Lease (a
“Net Revenue Interest”) of not less than seventy-seven percent (77%) on an 8/8th’s basis; and 

(ii) Is free and clear of any (x) security interest, lien, mortgage, pledge, hypothecation, restriction on transfer, including any
conditional sale or other title retention contract or lease in the nature thereof; (y) any filing or agreement to file a financing statement as debtor under the applicable Uniform Commercial Code or any similar statute; and (z) any subordination
arrangement in favor of another person (including artificial persons) (collectively “Liens”), except for Liens to be released at Seller’s expense at or prior to Closing. 

11.                   (a) This Agreement shall be governed by the laws of the State of Oklahoma, without regard to its conflict of law principles. All disputes arising from or relating to this Agreement shall be adjudicated in the courts sitting in Pontotoc County,
Oklahoma and each Party hereby consents to such court’s jurisdiction and to such venue.

(b) EACH OF THE PARTIES HEREBY WAIVES ITS RIGHT TO TRIAL BY JURY IN ANY DISPUTE ARISING HEREUNDER AND CONSENTS TO TRIAL WITHOUT A JURY, AS EVIDENCED BY ITS EXECUTION AND DELIVERY OF THIS AGREEMENT. 

12.                   It is understood and agreed by Seller that this Agreement’s existence and substance and Buyer’s identity are and shall remain confidential and shall not be disclosed to any third parties, other than those persons who have a
confidential relationship with Buyer (including Buyer’s brokers, bankers, attorneys, CPA and other advisors) or Seller or as otherwise required by law, order, rule, regulation or administrative proceeding, or as otherwise contemplated under
this Agreement or as may be necessary in order for Seller to perform its obligations hereunder without delay or additional expense.  Except as permitted in this Section 11,
Seller shall not make or cause to be made any public announcement of, or public disclosure pertaining to, the terms of this Agreement,
the identity of Buyer or the transactions contemplated hereby without the prior
written consent of Buyer. 

7 

13.                   After Closing, Seller and Buyer shall execute, acknowledge
and deliver all such further conveyances, assignments, transfer orders, division
orders, notices, assumptions, releases and acquittances pertaining to any of the
Properties or Leases, and such other instruments, and shall take such further
actions as may be necessary or appropriate to assure fully to Buyer or Seller
(including their successors and assigns) as the case may be, that the
transactions described in this Agreement shall be completed. 

14.                   This Agreement constitutes the entire understanding between
the Parties with respect to the subject matter hereof, superseding all
negotiations, prior discussions and prior agreements and understandings relating
to such subject matter, whether oral or written.

15.                   This Agreement may be executed by Seller and Buyer in any
number of counterparts, each of which shall be deemed an original instrument,
but all of which together shall constitute one and the same instrument, and the
delivery of such counterparts may be via facsimile or electronic mail, which
shall be as effective as hand delivery of original instruments. 

16.                   NOTWITHSTANDING ANY TERM OR PROVISION OF THIS AGREEMENT TO
THE CONTRARY, IN NO EVENT SHALL ANY PARTY BE LIABLE FOR ANY CONSEQUENTIAL,
SPECIAL, INDIRECT, EXEMPLARY, PUNITIVE OR SIMILAR DAMAGES OR LOST PROFITS
ARISING OUT OF OR RELATING TO THIS AGREEMENT. 

17.                   From the date of this Agreement until the earlier to occur
of termination of this Agreement, Closing, or February 17, 2014, Seller will not
directly or indirectly solicit or entertain any other offer to acquire the
Leases (or any interest therein) or enter into any negotiation or agreement that
provides for the sale or acquisition of the Leases (or any interest therein) to
any buyer or third party other than Buyer. 

18.                   All notices and communications required or permitted
hereunder shall be in writing and shall be delivered personally or sent by
overnight courier or by certified United States Mail (with return receipt
requested), postage prepaid or by facsimile, addressed as set forth below, and
shall be deemed to have been given when delivered to the addressee in person, or
by courier or certified mail, or transmitted by facsimile, or upon actual
receipt by the addressee after such notice has either been delivered to an
overnight courier or deposited in the United States Mail: 

	 	To Seller: 	American Petro-Hunter, Inc. 
	 	  	250 N. Rock Rd. Suite 365 
	 	  	Wichita, Kansas 67206 
	 	  	Phone: (316) 201-1853 
	 	  	Fax: (316) 201-1862 
	 	  	Email: rmcintosh@americanpetrohunter.com 
	 	  	  
	 	  	  
	 	To Buyer: 	Roberson Oil Company, Inc. 
	 	 	201 E. Cottage
    Street  
	 		Ada, Oklahoma
  74820  
	 	  	Attention: David Roberson 
	 	 	Phone: (580)332-6170 
	 	  	Fax: (580) 332-6177 
	 	  	Email: roil11@yahoo.com 

8 

Either Party may, upon written notice to the other Party,
change the address and person to whom such communications are to be directed.

IN WITNESS WHEREOF, the Parties have executed this Agreement on
the date set forth above, to be effective as of the Effective Date. 

SELLER 

AMERICAN PETRO-HUNTER, INC. 

By:_____________________________

Name:___________________________

Title:____________________________

BUYER 

ROBERSON OIL COMPANY, INC. 

By:_____________________________

Name:___________________________

Title:___________________________

9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00230-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00230-of-00352.parquet"}]]