Document:

Lexaria Bioscience Corp.: Exhibit 10.5 - Filed by newsfilecorp.com

	ADVERTISER: 	Lexaria Bioscience Corp. 	(The "Advertiser") 	DATE: March 24th, 2017 

	ADDRESS: 	156 Valleyview Road, Kelowna, BC V1X3M4 
	 	 
	TERM: 	12 Months (the "Term") 

CAMPAIGN: Investor Marketing & Lead Generation Campaign + 6
Exclusive News Spotlights, + 3 x Custom Content, 1x CEO Interview 

CHANNELS: Cannabis Investing, Life Science Investing, Biotech
Investing News, Agriculture Investing and Resource Investing News ("Campaign
Channels") 

Enhanced Advertiser Profile on Campaign Channels

Dig Media Inc.® (“Dig”) will prepare an Advertiser educational
profile, a custom article profile that captures the Advertiser’s value
proposition. It includes a professional write-up based upon a CEO interview,
maps, video, images, news feed, stock chart and interactive features completely
customized to the Advertiser's message and the Advertiser's approval. The
Advertiser educational profile will be displayed on the Campaign Channels during
the whole of the Term. 

Lead Generation 

The Campaign Channels and Advertiser Profile will contain link
to an investor kit request form and through such forms Dig will, upon request,
provide to investors an investor package on the Advertiser by email. All leads
that have been provided this link to the Advertiser's site will be delivered to
the Advertiser every Monday during the Term in a user-friendly csv format. 

Featured Stock 

The Advertiser's logo and stock profile headline will be
rotated within the Featured Stock position in all Campaign Channels during the
Term; our featured stock section builds additional exposure for our clients and
directs traffic to the educational profiles. 

Branded Press Releases 

During the Term Dig will syndicate the Advertiser's news with
the Advertiser's logo on the homepage of all Campaign Channels. In addition, Dig
will use its social media channels, Twitter, Facebook and LinkedIn to push the
Advertiser’s news.

Banner Creation + Advertising

Dig's design team will create 2 custom animated banner ads that
communicate Advertiser headlines with the Advertiser's logo and brand imagery.
These will be used for leaderboard and medium rectangle advertisements that will
be “Run of Site” within the Campaign Channels during the Term. 

Breaking News + Branding Freeze

Significant Advertiser news will be featured above all content
on the INN homepage. Over a 24-hour period all campaign channels will feature company advertisements. Client manager
will coordinate with Advertiser on timing of branding freeze. 

	www.investingnews.com 	Educate | Brand | Connect

Email Advertising 

The Advertiser’s banner ads and text ads will be rotated and
  allocated a portion of the inventory in Campaign Channel newsletters during the
Term. 

6 x Targeted News Spotlight 

Co-branded e-mail with Advertiser content to be sent to INN
subscriber database. Client manger to schedule Spotlights with Advertiser over
the Term. 

Social Media Marketing 

During the Term Dig will use its social media channels
including Twitter, Facebook, and LinkedIn to push the Advertiser's news and
media content to our followers and group members. Each of the Advertiser's news
releases will be tweeted by the relevant twitter accounts. The Advertiser
profile will get a minimum of 24 scheduled tweets during the Term. 

3 x Custom Content Creation and Distribution 

Dig will research and write client inspired educational
articles for the investor audience. The content will be distributed as a feature
article within campaign channels. The content will be surrounded the
Advertiser’s display ads and have logo and link to profile. 

1 x CEO Interview

Dig will interview the CEO, edit transcription, provide
accuracy check and publish interview/content on all Campaign Channels during the
Term. 

3 x Video Interviews 

As part of your campaign we will film and produce a video
interviews to help investors understand your value proposition and what to
expect in the coming year. The video is distributed to audience via our network
of sites, custom newsletters and social media. The video will also be syndicated
on Reuters Insider, a partner of the Investing News network. 

Campaign Reviews 

Dig believes in transparency and will provide a campaign review
to the Advertiser within six months of the date of this Agreement.

	GROSS RATE: 	$48,000 CND + Tax 	 
	 	 	 
	PAYMENT TERMS: 	Due upon closing of next Private Placement in
      2017 	 
	 	 	 
	NAME and TITLE: 	Chris Bunka - Chairman & CEO 	 
	 	 	 
	AUTHORIZED SIGNATURE: 	 
    	 

	www.investingnews.com 	Educate | Brand | Connect

	BILLING EMAIL: 	bossbunka@gmail.com 
	 	 
	CLIENT MANAGER: 	Jonathan Holmes 

PLEASE AUTHORIZE AND FAX BACK TO: (604) 608-5653

Investing News Network Terms 

	 	1) 	
      Accounts are net of agency commission, unless otherwise
      stated.

	 	 	 
	 	2) 	
      All payments shall be made to publisher at our executive
      office – Dig Media Inc.® (“Dig”), Suite L200 - 560 Beatty Street,
      Vancouver, BC, V6B 2L3,Canada, ten (10) days upon signing the allocation
      form. A late payment charge of 1.5% per month (18% per annum) compounded
      monthly will be charged on all balances that are not paid within the
      stipulated period. It is a condition of Dig agreeing to accept payment by
      way of installments that the publisher will receive each payment on the
      due date for each installment. Any failure to do so will result in the
      balance of all monies outstanding, as at that date, becoming due and
      payable forthwith. Dig may require pre-payment of all advertising charges
      where Advertiser’s satisfactory credit cannot be confirmed.

	 	 	 
	 	3) 	
      The Advertiser and Dig will work together to insure that
      Dig has suitable copy for the purposes of this Agreement. Suitable copy
      means that all advertising copy is neither false nor misleading, nor does
      it contain any matter that is libelous or in any manner unlawful; the
      Advertiser owns or has permission to use in this advertisement text,
      artwork, logos, photographs, images and other copy or content submitted
      herewith; and that the use of the same in this advertisement does not
      infringe or violate any copyright, trademark, right of privacy or
      publicity, or any other proprietary or personal or contracts rights, all
      whether statutory or non-statutory.

	 	 	 
	 	4) 	
      Exclusive positions are not guaranteed unless
      specifically detailed on this advertisement order.

	 	 	 
	 	5) 	
      Dig in its sole discretion reserves the right to refuse
      copy it deems unacceptable.

	 	 	 
	 	6) 	
      This advertisement order constitutes a non-cancellable
      binding contract with and firm commitment to Dig. This Agreement
      represents the entire agreement between the parties with respect to the
      subject matter contained in the Agreement and supersedes all prior and
      contemporaneous written or oral agreements, representations and
      understandings of the parties. This Agreement may not be altered, amended,
      modified, or otherwise changed in any way, except in writing duly executed
      by the parties or their authorized representatives.

	 	 	 
	 	7) 	
      Dig‘s liability to Advertiser (or to Advertiser’s Agent)
      on account of errors in or omissions of the advertising material described
      in this Agreement shall in no event exceed the amount of publisher’s
      regular charges for insertion of the advertisement and expressly excluded
      all consequential damages.

	 	 	 
	 	8) 	
      The parties agree to attempt to resolve all disputes
      arising out of or in connection with this contract, or in respect of any
      legal relationship associated with it or from it, by mediated negotiation
      with the assistance of a neutral person appointed by the British Columbia
      International Commercial Arbitration Centre administered under its
      Commercial Mediation Rules. If the dispute cannot be settled within 30
      days after the mediator has been appointed, or such other period agreed to
      in writing by the parties, the dispute shall be referred to and finally
      resolved by arbitration administered by the British Columbia International
      Commercial Arbitration Centre, pursuant to its Rules. The place of
      arbitration shall be Vancouver, British Columbia.

	 	 	 
	 	9) 	
      Where alternative Payment Terms are expressly stated each
      payment must be made on or before the agreed date and each payment must be
      met upon first presentation. Failure to comply will result in all
      outstanding amounts at the given date becoming immediately due and payable
      with the Dig retaining the right to cancel the media order and retain any
      payments paid by the Buyer.

	 	 	 
	 	10) 	
      Limitation of Liability.

	 	a) 	
      In no event will Dig or any representative be liable to
      advertiser or any other party for any special, direct, indirect,
      incidental, exemplary, consequential or punitive damages arising from or
      related to the services (or the professional services, if applicable), or
      to this Agreement, including, but not limited to, damages from, SEC
      compliance issues or loss of market capitalization, even if dig or its
      representative has been advised in advance of the possibility of such loss
      or damages.

	 	 	 
	 	b) 	
      Further, in no event will Dig or any representative’s
      total cumulative liability to advertiser or any other party for claims,
      losses, or damages of any kind, whether based on contract, tort,
      negligence, indemnity or otherwise, arising out of or related in any way
      to this agreement, the services, or the professional services, exceed
the actual fees advertiser paid to Dig for the services during the twelve (12)
month period ending on the date of the cause of action giving rise to the claim,
loss, or damage. 

	www.investingnews.com 	Educate | Brand | Connect

	 	c) 	
      No claim may be asserted by Advertiser against Dig more
      than twelve (12) months after the date of the cause of action underlying
      such claim. In the event of any failure, or Dig’s non-provision, of the
      Services (or the Professional Services as the case may be), Advertiser’s
      sole and exclusive remedy shall be for Dig to use commercially reasonable
      efforts to repair or provide the Services (or the Professional Services as
      the case may be).

	 	11) 	
      Indemnification: Advertiser agrees to indemnify, defend
      and hold harmless Dig, the Representatives, and its and their respective
      affiliates, subsidiaries, officers, directors, stockholders, employees,
      consultants, representatives, agents, successors and assigns from and
      against any and all claims, losses, liabilities, sums of money, damages,
      expenses, costs (including, but not limited to, reasonable attorneys’
      fees) and/or actions arising from:

	 	a) 	
      Advertiser’s acts or omissions;

	 	 	 
	 	b) 	
      Advertiser’s violation of any applicable law, including,
      without limitation, the United States CAN SPAM Act and Canada’s Fighting
      Internet and Wireless Spam Act, or the Policies;

	 	 	 
	 	c) 	
      Advertiser’s breach of any term or condition set forth in
      this Agreement (including in the Policies);

	 	 	 
	 	d) 	
      Advertiser’s breach of any of its representations or
      warranties set forth herein; and/or

	 	 	 
	 	e) 	
      Advertiser’s infringement or misappropriation of any
      intellectual property rights or other rights of any person or
    entity.

	 	12) 	
      Compliance rules for sending
email:

	 	a) 	
      Advertiser must follow the rules of the Bill C-28:
      Canada’s Anti-Spam Legislation, Federal CAN-SPAM Act (and equivalent anti-
      SPAM legislation in all applicable countries). We require the following
      (among other things) of all email messages sent to those contacts that
      request an “Investor Kit” on an Advertiser via a Campaign
  Channel.

	 	 	 
	 	b) 	
      All emails must contain an “unsubscribe” link or other
      mechanism that allows subscribers to remove themselves from future
      communications.

	 	 	 
	 	c) 	
      All emails must contain non-Internet contact information
      of the sender or the entity on whose behalf the email was sent, such as
      that entity’s address or phone number.

	 	 	 
	 	d) 	
      All emails must state the reason the recipient is
      receiving the message.

	 	 	 
	 	e) 	
      All emails must be compliant with any disclosure
      requirements that apply to the sender (e.g., some countries’ laws require
      that business letters, including emails, contain further identification
      details as to the form of the organization, the place of incorporation,
      the names of executives etc.)

	 	 	 
	 	f) 	
      These 4 guidelines will help ensure that you and Dig are
      in compliance with all electronic communication legislation. If at any
      time we receive complaints of spam from provided lists, Dig reserves the
      right to cancel your account without notice.

	 	13) 	
      Inside Information And Securities
  Trading

	 	a) 	
      In the course of business activities, Dig or Dig
      employees may become aware of nonpublic information regarding the
      business, operations or securities of the Advertiser. It is the policy of
      the Advertiser to prohibit the unauthorized disclosure of any nonpublic
      information and the misuse of material nonpublic information in securities
      trading. It is not possible to define all categories of material
      information. However, information should be regarded as material if there
      is a reasonable likelihood that it would be considered important to an
      investor in making an investment decision regarding the purchase or sale
      of the Advertiser’s securities. Nonpublic information is information that
      has not been previously disclosed to the general public and is otherwise
      not available to the general public. While it may be difficult to
      determine whether particular information is material, there are various
      categories of information that are particularly sensitive and, as a
      general rule, should always be considered material. In addition, material
      information may be positive or negative. Examples of such information may
      include:

	 	• 	Project exploration results, whether positive
      or negative 
	 	 	 
	 	• 	Joint ventures with third parties 
	 	 	 
	 	• 	News of a pending or proposed merger or
      acquisition 
	 	 	 
	 	• 	Financial results 
	 	 	 
	 	• 	Major contract awards, cancellations or
      write-offs 
	 	 	 
	 	• 	Exploration or development milestones 
	 	 	 
	 	• 	News of the disposition of material assets
  
	 	 	 
	 	• 	Impending bankruptcy or financial liquidity
      problems 
	 	 	 
	 	• 	Gain or loss of a substantial property
  

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	 	• 	Stock splits 
	 	 	 
	 	• 	New equity or debt offerings 
	 	 	 
	 	• 	Significant litigation exposure due to actual
      or threatened litigation 
	 	 	 
	 	• 	Changes in senior management 
	 	 	 
	 	• 	Projections of future earnings or losses 
	 	 	 
	 	• 	Dividend issuance decisions

	 	b) 	
      Trading on Material Nonpublic Information: With certain
      limited exceptions, Dig, employees of Dig or of any of its subsidiaries
      and no members of the immediate family or household of any such person,
      shall engage in any transaction involving a purchase or sale of the
      Advertiser’s securities, including any offer to purchase or offer to sell,
      during any period commencing with the date that he or she possesses
      material nonpublic information concerning the Advertiser, and ending at
      the close of business on the date of public disclosure of that information
      (usually by Press Release), or at such time as such nonpublic information
      is no longer material. Where a press release is issued immediately after
      market, no such trading shall be undertaken until after 11 a.m. (Vancouver
      time), of the following day on which the Advertiser’s shares
  trade.

	 	 	 
	 	c) 	
      Tipping: No Dig, employees of Dig or of any of its
      subsidiaries and no members of the immediate family or household of any
      such person, shall disclose (“tip”) material nonpublic information to any
      other person (including family members) where such information may be used
      by such person to his or her profit by trading in the securities of
      companies to which such information relates, nor shall such person or
      related person make recommendations or express opinions on the basis of
      material nonpublic information as to trading in the Advertiser’s
      securities.

	 	 	 
	 	d) 	
      Applicability of Insider Trading Regulations to
      Securities of Other Companies: The insider trading guidelines described
      herein also apply to material nonpublic information relating to other
      companies, including the Advertiser’s joint venture partners (“business
      partners”), when that information is obtained in the course of services
      performed on behalf for the Advertiser. All employees and consultants of
      Dig will treat material nonpublic information about the Advertiser’s
      business partners with the same care as is required with respect to
      information relating directly to the
Advertiser.

	www.investingnews.com 	Educate | Brand | ConnectLexaria Bioscience Corp.: Exhibit 10.6 - Filed by newsfilecorp.com

MANAGEMENT SERVICES AGREEMENT 

THIS AGREEMENT dated for reference the 1st day of
March 2017. 

BETWEEN: 

	Lexaria Bioscience Corp , a company duly
      incorporated under the laws of the Province of British Columbia and having
      its office at 156 Valleyview Rd, Kelowna BC Canada V1X 3M4 
	 
	(hereinafter referred to as the “Company”)

OF THE FIRST PART 

AND 

	Consultant Docherty Management Ltd., a company duly
      incorporated under the laws of the Province of Ontario and having its
      office at 23 Mikelen Drive, Port Perry, ON Canada L9L 1V1. 
	 
	(hereinafter referred to as "the Consultant" or
      “Consultant”) 

WHEREAS: 

	A. 	
      The Company wishes to employ Consultant as its President
      to provide management Services to it on the terms and conditions
      hereinafter set forth.

	 	 
	B. 	
      Consultant has agreed to provide the Services to the
      Company on the terms and conditions set out in this Agreement. This
      Agreement dated March 1, 2017, supersedes the previous agreement dated
      March 26, 2015.

NOW THEREFORE THIS AGREEMENT WITNESSES THAT in consideration of
the premises and of the covenants and agreements hereinafter contained the
parties hereto have agreed as follows: 

	1. 	
      ENGAGEMENT OF SERVICES

	 	 
	1.1. 	
      The Company hereby engages Consultant to provide
      management Services as an independent contractor to the Company under the
      direction of the Company’s Board of Directors; and

	 	 
	1.2. 	
      Consultant hereby agrees to perform the following duties
      required of him in accordance with the terms of this agreement
    namely:

	 	(a) 	
      Co-manage with the CEO the development and expansion of
      the Company’s new and existing intellectual property portfolio and product
      pipeline based on its proprietary technologies; including proposing and
      developing new or novel methods or procedures related to human delivery
      methods and the characterization thereof for bioactive molecules of
      interest such as cannabidiol and tetrahydrocannabinol; identifying
      potential technology and intellectual property acquisitions of interest;
      and implementing new technologies as they become available;

	 	 	 
	 	(b) 	
      Collaborate to maintain and develop the Company’s
      corporate/investor outreach materials as needed including overall
      corporate messaging through direct creation and
  development of corporate presentations, powerpoints, websites, shareholder
and community communications, business plans, fact sheets, etc; 

- 1 - 

	 	(c) 	
      Develop and compile appropriate scientific
      validation/materials/studies supporting the Company’s technology,
      processes, production and testing merits as applicable;

	 	 	 
	 	(d) 	
      Identify and evaluate opportunities for capital raising
      and/or strategic collaboration with suitable third-parties at appropriate
      points in time for the Company, including research, plan, propose, execute
      and close approved projects, acquisitions, mergers and partnerships, as
      well as locate and cultivate finance sources, all of which create value
      for the Company;

	 	 	 
	 	(e) 	
      Co-Manage with the CEO, PoViva Tea, (a 51%-owned US
      subsidiary of Lexaria Corp) regarding PoViva’s operations and assist in
      the management and execution of its development including evaluating and
      implementing supply chain efficiencies and facilitating distribution and
      sales growth across all ViPova product lines;

	 	 	 
	 	(f) 	
      Co-Manage with the CEO, Lexaria CanPharm Corp (a 100%
      owned Canadian subsidiary of Lexaria Corp) employees, junior executives
      and consultants in their regular needs and duties; and day-to-day
      operations that are currently focused on business pursuits within
      Canada.

	 	(g) 	
      General Services. 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.
      Consultant will work as needed with lawyers, partners, shareholders and
      other stakeholders as required by the Company.. Consultant shall fulfill
      all duties expected of a president of a biotechnology/bioscience company,
      including sourcing and/or negotiation of financial proposals and corporate
      financings; strategic corporate and financial planning; management of all
      the overall business operations; communications with shareholders;
      negotiation and management of agreements; and any other duties that should
      be reasonably expected by and at the pleasure of the Board of Directors
      (together with all other items within Section 1.2, the
      “Services”).

	2. 	
      TERM

	 	 
	2.1. 	
      The initial term of this Agreement shall be for a period
      of two (2) years, commencing as of the 1st day of March 2017 and
      continuing month to month thereafter with all terms in effect unless and
      until terminated as hereinafter provided.

- 2 - 

	3. 	
      SERVICES

	 	 
	3.1 	
      Consultant agrees to perform the Services contracted
      hereunder including the following:

	 	(a) 	
      to carry out all functions associated with the Services
      to the best of his skill and ability for the benefit of the
  Company;

	 	 	 
	 	(b) 	
      to carry out the Services in a timely manner;

	 	 	 
	 	(c) 	
      to act, at all times during the term of this Agreement,
      in the best interests of the Company; and

	 	 	 
	 	(d) 	
      to use his best endeavors to preserve the goodwill and
      reputation of the Company and the relationship between the Company and its
      shareholders.

	4. 	
      REMUNERATION

	4.1. 	
      The Company shall pay to Consultant for all Services
      rendered hereunder:

	 	 
	4.2. 	
      the sum of fifteen thousand dollars (CDN$15,000) plus
      Harmonized Sales Tax (HST) per month payable the last day of each calendar
      month, 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.
      The Consultant has the HST number 816141048RT0001. (the “ Monthly
      Fee”);

	 	 
	4.3. 	
      Consultant’s out of pocket expenses incurred on behalf of
      the Company. In respect of expenses, Consultant shall provide statements
      and vouchers to the Company as and when required by it.

	 	 
	4.4. 	
      Consultant will be entitled to receive a performance
      related bonus on the same terms and conditions as for persons
      participating in any bonus plan that may be established and approved by
      the Company’s board of Directors. Any bonus payable to Consultant will be
      at the sole discretion of the Company’s Board of Directors, acting
      reasonably.

	 	 
	4.5. 	
      Consultant is also eligible to participate in the as-yet
      uncreated Lexaria profit sharing plan that will be extended as soon as
      possible to all employees and managerial Consultants, provided he is a
      contracted Consultant when this anticipated profit sharing plan goes
      effective.

	 	 
	4.6. 	
      During the first twelve (12) months after signing; for
      combined Lexaria Energy and ViPova products and including all combined
      sales efforts and/or technology licensing revenues, achieving
      non-refundable revenues of US$200,000 to any single customer in any
      consecutive 60-day period would result in a restricted common share award
      of 100,000 Company shares; and, after the first twelve (12) months after
      signing and expiring twenty- four (24) months after signing; for combined
      Lexaria Energy and ViPova products and including all sales efforts,
      achieving non-refundable revenues of US$200,000 to any single customer in
      any consecutive 60-day period would result in a restricted common share
      award of 50,000 Company shares; this clause limited to one payment per
      customer during the 24-month period, but payable on each customer that
  meets these sales/licensing thresholds; 

- 3 - 

	4.7. 	
      During the first twelve (12) months after signing; for
      combined Lexaria Energy and ViPova products and including all combined
      sales efforts and/or technology licensing revenues, achieving
      non-refundable revenues of US$500,000 in any fiscal quarter would result
      in a restricted common share award of 200,000 Company shares; and, after
      the first twelve (12) months after signing and expiring twenty-four (24)
      months after signing; for combined Lexaria Energy and ViPova products and
      including all sales efforts, achieving non- refundable revenues of
      US$500,000 in any fiscal quarter would result in a restricted common share
      award of 100,000 Company shares; this clause limited to one payment per
      fiscal quarter;

	 	 
	4.8. 	
      During the time this Agreement remains in effect, for
      each new provisional patent application substantially devised by
      Consultant and successfully created, written and filed with the US Patent
      Office for Company-owned intellectual property, a restricted common share
      award of 250,000 Company shares, this clause not limited to frequency of
      payment but each patent application to be approved by the Board of
      Directors of the Company, in advance;

	 	 
	4.9. 	
      Sections 4.6, 4.7, and 4.8, above, collectively or
      individually, are defined as “Milestone
Payments”.

If so requested by Consultant and through calculation with and
Consultant’s approval at the time of any and each award, all restricted common
share awards mentioned in this Agreement shall be subject to a reduction in the
number of restricted common shares issued to Consultant per grant to be paid
instead as cash proportional to the tax liability to be incurred by Consultant
at the time of the award. The Company would withhold from payment to Consultant
that fraction of restricted common shares in each of the paragraphs in Section
3, above, that would correspond with the federal and provincial income tax
payments otherwise payable by Consultant specifically with respect to each award
only, and Consultant agrees that such a hybrid payment of cash and restricted
common shares would fulfill the obligations of the Company with respect to each
affected award. The intent of this partial cash payment would be to provide cash
compensation to Consultant in the proportionate amount of each restricted common
share award and it is expressly agreed that it remains the sole responsibility
of Consultant to remit all amounts due to Provincial and Federal tax
authorities. This provision does not conflict with nor negate the validity of
Section 4.6, 4.7, or 4.8. 

	5. 	
      TERMINATION

	5.1. 	
      This Agreement may be terminated by either party at any
      time by two (2) months notice in advance, in writing given by Consultant
      to the Company, or by the Company to Consultant.

	 	 
	5.2. 	
      The Company may terminate this Agreement at any time,
      without further obligation to Consultant if:

	 	(a) 	
      Consultant breaches any of the terms and conditions of
      this Agreement; or

	 	 	 
	 	(b) 	
      The Company provides a lump sum termination break fee
      payment to Consultant in the amount equal to 4 times the Monthly Fee plus
      HST.

- 4 - 

	5.3. 	
      If this Agreement is terminated by either party or any
      successor company or person, within 90 days of a Change of Control,
      excluding termination under section 5.2(a) herein, Consultant shall
      receive the payment under section 5.2.(b), plus an additional payment in
      the amount equal to 4 times the Fee. A “Change of Control” means the of
      any of the following events:

	 	(a) 	
      If any individual, partnership, company, society, or
      other legal entity (a ”Person”), alone or together with any other Persons
      with whom it is acting jointly or in concert, becomes the beneficial owner
      of, or acquires the power to exercise control or direction over, directly
      or indirectly, such securities (or securities convertible into, or
      exchangeable for, securities) entitled to more than fifty percent (50%) or
      more of the votes exercisable by holders of the then-outstanding
      securities generally entitled to vote for the election of directors
      (“Voting Stock”) of the company or if any Persons that previously were not
      acting jointly or in concert commence acting jointly or in concert and
      together beneficially own, or have the power to exercise control or
      direction over, securities entitled to more than fifty percent (50%) or
      more of the votes exercisable by holders of voting stock, nor have rights
      of conversion which, if exercised, would permit such Persons to own or
      control such a percentage of votes;

	 	 	 
	 	(b) 	
      The Company is merged, amalgamated or consolidated into
      or with another Person and, as a result of such business combination,
      securities entitled to more than fifty percent (50%) of the votes,
      exercisable by holders of the Voting Stock of the Company or of such
      Person into which the Voting Stock of the Company is converted in or
      immediately after such transaction are held by a Person alone or together
      with any other persons with whom it is acting jointly or in concert and
      such Person, together with those with whom it is acting jointly or in
      concert, held securities representing less than fifty percent ;(50%) of
      the votes exercisable by the holders of the Voting Stock of the Company
      immediately prior to such transaction;

	 	 	 
	 	(c) 	
      The capital of the Company is reorganized and, as a
      result of such reorganization, securities entitled to more than fifty
      percent (50%) of the votes exercisable by the holders of the Voting Stock
      of the Company upon or immediately after such reorganization are held by a
      Person alone or together with any other Persons with whom it is acting
      jointly or in concert and such Person, together with those with whom it is
      acting jointly or in concert, held securities representing less than fifty
      percent (50%) of the votes exercisable by the holders of the Voting Stock
      of the Company immediately prior to such reorganization.

	 	 	 
	 	(d) 	
      The Company sells or otherwise transfers all or
      substantially all of its assets to another Person and immediately
      following such sale or transfer securities entitled to more than fifty
      percent (50%) of the votes exercisable by the holders of the Voting Stock
      of the acquiring Person are held by a Person that alone or together with
      any other Person or Persons with whom it is acting jointly or in concert,
      and such person, together with those with whom it is acting jointly or in
      concert, held securities representing less than fifty percent (50%) of the
      votes exercisable by holders of the Voting Stock of the Company
      immediately prior to such transaction; or

	 	 	 
	 	(e) 	
      During any period of two consecutive years, individuals
      (“Incumbent Directors”) who at the beginning of any such period constitute
      the directors of the Company cease for any reason to constitute at least a
      majority thereof. For the purposes of this clause
  (5.3.(e)):

	 	i. 	
      Each director who, during any such period, is elected or
      appointed as a director of the Company with the approval of at least a
      majority of the Incumbent Directors will be deemed to be an Incumbent
      Director;

- 5 - 

		ii. 	
      An “Incumbent Director” does not include a director,
      elected or appointed pursuant to an agreement (in respect of such election
      or appointment) with another Person that deals with the Company at arm’s
      length, or as part of or related to an amalgamation, a merger or a
      consolidation of the Company into or with another person, a reorganization
      of the capital of the Company or the acquisition of the Company as a
      result of which securities entitled to less than fifty (50%) percent of
      the votes exercisable by holders of the then-outstanding securities
      entitled to Voting Stock of the Company is converted on or immediately
      after such transaction are held in the aggregate by Persons who were
      holders of Voting Stock of the Company immediately prior to such
      transaction; and

	 	 	 
	 	iii. 	
      References to the Company shall include successors to the
      Company as a result of any amalgamation, merger, consolidation or
      reorganization of the Company into or with another body corporate or other
      legal Person.

	6. 	
      NOTICE

	6.1. 	
      Any notice to be given under this Agreement shall be in
      writing and shall be deemed to have been given if delivered to, or sent by
      prepaid registered post addressed to, the respective addresses of the
      parties appearing on the first page of this Agreement (or to such other
      address as one party provides to the other in a notice given according to
      this paragraph). Where a notice is given by registered post it shall be
      conclusively deemed to be given and received on the fifth day after its
      deposit in a Canada post office any place in
Canada.

	7. 	
      TAXES

	7.1 	
      Consultant shall be responsible for the payment of its
      income, capital gains and all 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 health insurance and
      federal and state or provincial income taxes), though not including
      Director’s and Officer’s insurance which is paid for and provided by the
      Company, with respect to compensation paid by the Company to Consultant,
      and nothing in this Agreement implies or creates a relationship of
      employment. Consultant agrees to indemnify the Company for any tax,
      insurance or other remittance Consultant fails to make and which the
      Company may be obligated to pay. 

	8. 	
      MISCELLANEOUS

	8.1 	
      This Agreement may not be assigned by either party
      without the prior written consent of the other.

	 	 
	8.2 	
      The titles of headings to the respective paragraphs of
      this agreement shall be regarded as having been used for reference and
      convenience only.

	 	 
	8.3 	
      This Agreement shall enure to the benefit of and be
      binding upon the parties hereto and their respective heirs, executors,
      administrators, successors and permitted assigns.

	 	 
	8.4 	
      This Agreement shall be governed by and interpreted in
accordance with the laws of British Columbia, Canada.

- 6 - 

	8.5 	
      Expenses. 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
      Consultant shall furnish to the Company statements, receipts and vouchers
      for such out-of-pocket expenses on a monthly basis. Consultant is
      pre-authorized to incur up to $3,500 per month, cumulatively, in relevant
      expenses.

		
      Amounts over $3,500 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.

	 	 
	8.6 	
      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 or intellectual property of the Company (together or separately
      and as described below, “Proprietary Information”) 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.

	 	 
	8.7 	
      Proprietary Information as that term is used
      herein shall consist of the following:

	 	a) 	
      all knowledge, data and information which 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.

	 	 	 
	 	b) 	
      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.

	 	 	 
	 	c) 	
      Proprietary Information shall not be directly or
      indirectly disclosed to any other person without the prior written
      approval of the Company.

	 	 	 
	 	d) 	
      Proprietary Information may not be used during the period
      of this contract nor thereafter, for the betterment of any other
      commercial enterprise, company, project or person without the prior
      written approval of the Company.

	 	 	 
	 	e) 	
      Proprietary Information shall not include matters of
      general public knowledge, information legally received or obtained by
      Consultant from a third party or parties without a duty of
      confidentiality, and information independently known or developed by
      Consultant without the assistance of the
Company.

	8.8 	
      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. At all times Consultant will maintain a high degree of
      professionalism and integrity as would be expected in keeping with his
      senior executive role as President. Consultant reserves the right to
      refuse any request from the Company which may, in his reasonable opinion,
      violate either Federal or State Laws in either the United States or
      Canada.

- 7 - 

	8.9 	
      This Agreement may be terminated forthwith by the Company
      or Consultant without notice if either party breaches the Agreement. A
      breach may include, but is not limited to, the
following:

	 	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) 	
      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 his/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 10(a), 8.9(b), 8.9(c), 8.9(d), or
8.9(e), Consultant will be entitled to all Milestone Payments, as they relate 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 his notice of termination. 

	
      8.10
	
      In the event this Agreement is terminated by reason of
      default on the part of Consultant or the written notice of the Company,
      then at the request of the Board of Directors of the Company, Consultant
      shall forthwith resign any position or office which he then holds with the
      Company or any subsidiary of the Company. The provisions of Sections on
      Proprietary Information and on Confidentiality shall survive the
      termination or expiration of this Agreement. 

	
       
	
       

	
      8.10 
	
      Upon Termination or expiration of this Agreement, for any
      reason, Consultant shall do the following: Consultant must return to
      Lexaria immediately, all correspondence, information, reports, emails,
      phone recordings or transcripts, notes, Consultant contact information and
      all other materials related to the work performed for Lexaria including
      all Proprietary Information during the contract period.

	 	a) 	
      All such materials and information as referred to in
      Section 12, above, are the exclusive property of the Company. After
      returning, transmitting or otherwise sending such information to Lexaria,
      Consultant must destroy any and all remaining copy (ies) or records of
      same.

	 	 	 
	 	b) 	
      All such materials and information as referred to in
      Section 12 were obtained during the time of the paid contract with
      Lexaria, and may not be shown, lent, given, discussed or in any way
      disclosed with or to any other party as per the terms of the contract. The
      Proprietary Information Consultant gained or had access to during the
      period of the contract is the exclusive property of Lexaria Corp, and the
      provisions governing such proprietary information survives the termination
      of this Consulting Agreement.

	8.11 	
      The Company is aware that Consultant is independent and
      may have and may continue to have financial, management or business
      interests in other companies. The Company agrees that 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
      his duties under this Agreement. 

- 8 - 

	
      8.12 
	
      The services to be performed by Consultant pursuant
      hereto are personal in character, to be performed by Mr. Chris Bunka, and
      neither this Agreement nor any rights or benefits arising thereunder are
      assignable by Consultant without the previous written consent of the
      Company. 

	 	
	
      8.13 
	
      With the exception of any previously granted options or
      restricted stock, any and all previous agreements, written or oral,
      between the parties hereto or on their behalf relating to the agreement
      between 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. 

	 	
	
      8.14 
	
      Any notice in writing or permitted to be given to
      Consultant hereunder shall be sufficiently given if delivered to
      Consultant personally or mailed by registered mail, postage prepaid,
      addressed to Consultant at the address on the front of this Agreement.
      Provided any such notice is mailed via guaranteed overnight delivery, as
      aforesaid shall be deemed to have been received by 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. 

	 	
	
      8.15 
	
      The provisions of this Agreement shall inure to the
      benefit of and be binding upon 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. 

	 	
	
      8.16 
	
      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. 

	 	
	
      8.17 
	
      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. 

	 	
	
      8.18 
	
      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.
      

	 	
	
      8.19 
	
      The securities referred to herein will not be or have not
      been registered under the United States Securities Act of 1933, as
      amended, and may not be offered or sold in the United States absent
      registration or an applicable exemption from registration requirements.
      Any and all potential or actual common share award or stock option awards
      will be in compliance with all applicable regulations in the USA and
      Canada. The securities issued will be subject to a hold
period in Canada of not less than four months and one day, or
for any resales possible into the USA under Rule 144, not less than six months
and one day. Hold periods may be longer if regulations so stipulate. 

- 9 - 

	
      8.20 
	
      This contract will expire on February 28, 2019 unless
      renewed or extended by mutual written consent of both parties prior to
      that date and can further serve as a month-to-month agreement after that
      date if both parties so agree at that time. 

	
       
	
      

	
      8.21 
	
      Consultant understands and agrees that his name and
      likeness will be announced and widely circulated with regards to his
      executive role with the Company. His name will be disseminated through
      such avenues as press releases, websites, or other media; and in personal
      meetings and appearances and public events. Consultant understands that as
      a publicly traded entity, the Company has certain transparency obligations
      to its shareholders, stock exchanges, and other regulatory bodies, and has
      legal obligations to disclose Consultant’s initial and ongoing
      relationship with the Company during the normal course of business..
    

IN WITNESS WHEREOF the parties have executed this
Agreement the day and year first above written. 

Lexaria Bioscience Corp: 

	 
	Authorized Signatory 

		 	  	 
	  	 	  	 
	SIGNED by: 	 	  	 
	  	 	DATED: 	 
	  	 		 
	John Docherty 	 	 
    	 
	Docherty Management Limited 	 		 

- 10 -

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