Document:

Passport Potash Inc - Exhibit 10.2 - Filed by newsfilecorp.com

AMENDMENT TO AGREEMENT TO PURCHASE REAL ESTATE 
BETWEEN
PASSPORT POTASH INC. AND THE FITZGERALD LIVING TRUST 

          THIS
AMENDMENT (“Amendment”) is made effective this 8th day of November,
2012, by and between Passport Potash Inc. (“Passport”), a British Columbia
corporation and the Fitzgerald Living Trust (the “Trust”). 

RECITALS 

          1.      Passport
and the Trust entered into an Agreement to Purchase Real Estate (the
“Agreement”), executed on May 7, 2012, pursuant to which Passport agreed to
purchase certain real property described therein to Passport.

          2.     
the Parties have agreed to amend the Agreement. 

          NOW,
THEREFORE, in consideration of the promises and covenants contained herein, and
for other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the parties agree as follows: 

	          1.
             Amendment 1. Paragraph 1 shall be amended as
    follows:
	 	 
	                 “1. Purchase Price and Condition
    of Payment

	 	 
	                     a.
          The purchase price shall be Fifteen Million Dollars
    ($15,000,000) to be paid according to the following terms:
			i. 	
      A Down Payment and Deposit to be paid as set forth in
      Paragraph 2;

			ii. 	
      A payment of Five Hundred Thousand Dollars ($500,000) to
      be irrevocably paid to the Trust upon execution of this
  Amendment;

			iii. 	
      A payment of Four Million Dollars ($4,000,000) to be
      irrevocably paid to the Trust on December 18 2012;

			iv. 	
      A payment of Five Million Dollars ($5,000,000) to be
      irrevocably paid to the Trust on June 30, 2013; and

			v. 	
      The balance of Five Million Dollars ($5,000,000) to be
      paid to the Trust in its entirety in cash at the time of closing of the
      sale.”

          2.       
Amendment 2. Paragraph 13 b. shall be amended to read as follows: 

                       “b.
          Closing of the sale shall take
  place on December 18, 2013.” 

          3.       
Reimbursement for Increase in Trust Taxes. Passport agrees that it will
reimburse the Trust for any increase in taxes to the Trust which are
attributable to closing this sale in 2013 rather than 2012. Passport shall make
this reimbursement within 120 days from the date the Trust provides
documentation to Passport of the increased tax amount. This obligation survives
closing. 

          4.      
 Counterparts. This Amendment may be executed in counterparts, each
of which shall be deemed an original, but all of which together shall constitute
one and the same Amendment. 

          5.     
Facsimile or PDF Signatures. This Amendment may be executed by either or
all parties by PDF or facsimile signature, and any such facsimile signature
shall be deemed an original signature. 

          6.      Effect
of Amendment. In the event of any inconsistencies between this Amendment and
the Agreement, the terms of this Amendment shall govern. Except as provided
herein, all other terms and conditions of the Agreement shall remain unchanged
and the parties hereto reaffirm the terms and conditions of such Agreement. 

          7.     
Default.

          (a)      Buyer’s
Default. Passport shall be deemed to be in default under this Amendment if
Passport fails, for a reason other than Trust’s default hereunder or the failure
of a condition precedent to Passport’s obligation to perform hereunder, to meet,
comply with or perform any covenant, agreement or obligation on Passport’s part
required within the time limits and in the manner required in this Amendment, or
there shall have occurred a material breach of any representation or warranty
made by Passport; provided, however, no such default shall be deemed to have
occurred unless and until Trust has given Passport written notice thereof,
describing the nature of the default, and Passport has failed to cure such
default within thirty (30) days of the receipt of such notice (but in any event
on or before the Closing Date, unless such default occurs after Closing). 

          (b)      Seller’s
Default . Trust shall be deemed to be in default under this Amendment if Trust
fails, for a reason other than Passport’s default hereunder or the failure of a
condition precedent to Trust’s obligation to perform hereunder, to meet, comply
with, or perform any covenant, agreement or obligation on its part required
within the time limits and in the manner required in the Amendment, or there
shall have occurred a material breach of any representation or warranty made by
Trust, provided, however, no such default shall be deemed to have occurred
unless and until Passport has given Trust written notice thereof, describing the
nature of the default, and Trust has failed to cure such default within thirty
(30) days of receipt of such notice (but in any event before the Closing Date,
unless such default occurs on the Closing Date or after Closing). 

          8.     
Liquidated Damages. The parties hereto agree that Trust’s reliance damages and
economic detriment resulting from the removal of the property from the real
estate market for an extended period of time, together with carrying and other
costs incurred after the removal of the property from the real estate market are
impracticable or extremely difficult to ascertain. Passport agrees that in the
event the closing fails to occur due to such default or breach by Passport of
Passport’s obligation to purchase the property, Trust, as its sole remedy, shall
be entitled to retain the deposit as liquidated damages, and shall not be deemed
to constitute a forfeiture or penalty. Trust hereby waives the remedy of
specific performance with respect to any default by Passport of its obligation
to purchase the property, and agrees that the liquidated damages set forth
herein shall be Trust’s sole remedy in the event Passport defaults or breaches
in its obligation to purchase the property hereunder. This liquidated damages
provision shall not be applicable to any default or breach by Passport of any
indemnification, defense or hold harmless obligation or restoration obligation
of Passport under this agreement, or any other obligation of Passport that
expressly survives the termination of this agreement. This liquidated damages
provision also shall not serve as a limitation on the amount of attorneys’ fees
that Trust may pursue or collect from Passport in the event Trust incurs attorneys’ fees in attempting to collect or retain
the liquidated damages referred to herein. 

          9.      Attorneys’
Fees . If either party hereto fails to perform any of its obligations under this
Agreement or if any dispute arises between the parties hereto concerning the
meaning or interpretation of any provision of this Agreement, then the
defaulting party or the party not prevailing in such dispute, as the case may
be, shall pay any and all costs and expenses incurred by the other party on
account of such default and/or in enforcing or establishing its rights
hereunder, including, without limitation, court costs and reasonable attorneys’
fees and disbursements. 

          IN
WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date
first written above. 

Signature pages to follow. 

On behalf of Passport Potash, Inc.: 

/s/ John Eckersley______________ 
John Eckersley

Director,
Executive Vice President
Passport Potash, Inc. 
3346 W.
Guadalupe Rd. 

  Apache Junction, AZ 85120 

On behalf of Fitzgerald Living Trust: 

/s/ Margaret Ouellette_____________ 
Margaret
Ouellette
Co-Trustee of the Fitzgerald Living Trust 
P.O. Box 344

  Buena Vista, CO 81211 

/s/ Donley F. O’Brien______________ 
Donley Kathryn
O'Brien 
Co-Trustee of the Fitzgerald Living Trust 
14821 High Valley Rd.

  Poway, CA 92064 

___________________________________ 
Robert Fitzgerald

Co-Trustee of the Fitzgerald Living Trust 
P.O. Box 417 

  Holbrook, AZ 86025Lexaria Corp.: Exhibit 10.1 - Filed by newsfilecorp.com

Exhibit 10.1

AMENDMENT TO EXISTING AGREEMENT

THIS AMENDMENT (the “Agreement”) is made
effective as of this 22th day of November, 2012

BETWEEN:

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

(the “Company,” or, “Lexaria”)

AND:

CAB Financial Services Ltd. 
#205, 171 Commercial
Drive
Kelowna, BC
V1X 7W2 

(the “Lender”)

WHEREAS:

Article 1 - The Lender has previously loaned US$100,000 to
Lexaria through a secured convertible debenture with a maturity date of December
1, 2012 (the “Initial Agreement”) and both Lexaria and the Lender agree
to amend the terms, by way of this Agreement, under which those funds are
loaned; 

Article 2 - Lexaria is attempting, along with third-party
co-owners, to sell its interest in the Belmont Lake Oil Field for cash
consideration and to use the proceeds to pay 100% of the loaned amount, with
interest, to the Lender; 

Article 3 - The viability of selling the Belmont Lake Oil Field
interests, and the timing of a potential sale, is beyond Lexaria’s control,
necessitating new provisions for the repayment of the loaned funds. 

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

(1) All of the terms, conditions and obligations of the Initial Agreement remain valid and in force for the period of time that this Amendment is effective except for those terms, conditions and obligations that are specifically amended by way of
this Agreement. 

(2) The December 1, 2012 interest payment for the month of November 2012 will be made normally as per the Initial Agreement. 

(3) If the Belmont Lake Oil Field interests have been sold and the transaction has closed including all funds from the transaction received by Lexaria prior to December 31, 2012 (the “Closing”), then Lexaria will repay prior to
January 25, 2013, the full amount of the outstanding loan due at the time of the Closing, including all the normal interest due up to the Closing, plus a bonus payment of an additional 30-days interest payment. 

(4) If the Belmont Lake Oil Field interests have been sold and the transaction closes after December 31, 2012, or if the Belmont Lake Oil Field interests do not sell, then Lexaria will repay the full amount of the outstanding loan due
as per the following: 

	
 	
 	
(i) 		
The loan repayment schedule will be converted, with an effective date of December 1, 2012, to 12 equal monthly principal payments that together will repay 100% of the principal amount, plus interest at 12% on the monthly declining
balance, in arrears; and,

	
	 	 	 	 
	
 	
 	
(ii) 		
The first payment of interest and principal shall be due on January 1, 2013; and,

	
	 	 	 	 
	
 	
 	
(iii) 		
In recognition of the 12-month extension of repayment being granted by the Lender to Lexaria, Lexaria agrees to pay a one-time bonus interest payment of 6% of the principal amount that is outstanding as of December 1, 2012, and to
submit this one-time payment not later than January 25, 2013; and,

	
	 	 	 	 
	
 	
 	
(iv) 		
If during any period of time prior to the full repayment of the principal amount, Lexaria is in arrears on the monthly interest and principal payments for 90 days, then the interest rate outstanding on all unpaid principal amounts
at that time will be increased to 18%; and,

	
	 	 	 	 
	
 	
 	
(v) 		
If Lexaria makes capital investments cumulatively exceeding $50,000 prior to that time when full repayment of the loan has occurred, then Lexaria will grant a lien to the Lender on all such capital investments; and,

	
	 	 	 	 
	
 	
 	
(vi) 		
If Lexaria should drill any new well(s) in the Belmont Lake Oil Field prior to that time when full repayment of the loan has occurred, then the Lender shall have the right, upon 30 days notice from Lexaria, to financially
participate in that well under the same terms and conditions as Lexaria, as to the Lender’s pro-rata portion of a cumulative total of $930,000, which is the total amount of loans being amended under the terms of this
Agreement, and limited to all Lenders cumulatively to not more than 30% of Lexaria’s interest in any new well(s); and,

	

	 	 	(vii) 	
      The rights granted to the Lender under Section (4)(vi),
      above, are transferable only with the written approval, in advance, of
      Lexaria; and,

	 	 	 	 
	 	 	(viii) 	
      Lexaria retains the right to repay the Loan in full in
      advance of December 1, 2013 at any time along with the interest due as of
      the day of full repayment, this right does not negate the rights of
      Section (4)(iii).

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

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

(7) This Agreement may be executed by delivery of executed
signature pages by fax or by scan and email, and such execution will be
effective for all purposes. 

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

	 	LEXARIA CORP	LENDER
	 	 	 
	 	 	 
	 	Per:       /s/ Bal
      Bhullar                     
      	Per:       ___________________
	  	              Authorized Signatory 	              Authorized Signatory
    
	  	  	  
	 	Name:   Bal Bhullar 	Name: 
	 	Title:     CFO, Director 	Title: 

	 	Per:       ___________________
	  	               Authorized Signatory
    
	  	  
	 	Name:   Chris Bunka 
	 	Title:     CEO, Director 
	 	 

AMENDMENT TO EXISTING AGREEMENT

THIS AMENDMENT (the “Agreement”) is made effective as of this 22th day of November, 2012

BETWEEN:

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

(the “Company,” or, “Lexaria”)

AND:

Cielo Investment, LLC 

5046 Weatherstone Circle

Sugar Land, TX

77479

(the “Lender”)

WHEREAS:

Article 1 - The Lender has previously loaned US$250,000 to Lexaria through a secured convertible debenture with a maturity date of November 30, 2012 (the “Initial Agreement”) and both Lexaria and the Lender agree to amend the
terms, by way of this Agreement, under which those funds are loaned; 

Article 2 - Lexaria is attempting, along with third-party co-owners, to sell its interest in the Belmont Lake Oil Field for cash consideration and to use the proceeds to pay 100% of the loaned amount, with interest, to the Lender; 

Article 3 - The viability of selling the Belmont Lake Oil Field interests, and the timing of a potential sale, is beyond Lexaria’s control, necessitating new provisions for the repayment of the loaned funds. 

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

(1) All of the terms, conditions and obligations of the Initial Agreement remain valid and in force for the period of time that this Amendment is effective except for those terms, conditions and obligations that are specifically amended by way of
this Agreement. 

(2) The December 1, 2012 interest payment for the month of November 2012 will be made normally as per the Initial Agreement. 

(3) If the Belmont Lake Oil Field interests have been sold and the transaction has closed including all funds from the transaction received by Lexaria prior to December 31, 2012 (the “Closing”), then Lexaria will repay prior to
January 25, 2013, the full amount of the outstanding loan due at the time of the Closing, including all the normal interest due up to the Closing, plus a bonus payment of an additional 30-days interest payment. 

(4) If the Belmont Lake Oil Field interests have been sold and the transaction closes after December 31, 2012, or if the Belmont Lake Oil Field interests do not sell, then Lexaria will repay the full amount of the outstanding loan due
as per the following: 

	
 	
 	
(i) 		
The loan repayment schedule will be converted, with an effective date of December 1, 2012, to 12 equal monthly principal payments that together will repay 100% of the principal amount, plus interest at 12% on the monthly declining
balance, in arrears; and,

	
	 	 	 	 
	
 	
 	
(ii) 		
The first payment of interest and principal shall be due on January 1, 2013; and,

	
	 	 	 	 
	
 	
 	
(iii) 		
In recognition of the 12-month extension of repayment being granted by the Lender to Lexaria, Lexaria agrees to pay a one-time bonus interest payment of 6% of the principal amount that is outstanding as of December 1, 2012, and to
submit this one-time payment not later than January 25, 2013; and,

	
	 	 	 	 
	
 	
 	
(iv) 		
If during any period of time prior to the full repayment of the principal amount, Lexaria is in arrears on the monthly interest and principal payments for 90 days, then the interest rate outstanding on all unpaid principal amounts
at that time will be increased to 18%; and,

	
	 	 	 	 
	
 	
 	
(v) 		
If Lexaria makes capital investments cumulatively exceeding $50,000 prior to that time when full repayment of the loan has occurred, then Lexaria will grant a lien to the Lender on all such capital investments; and,

	
	 	 	 	 
	
 	
 	
(vi) 		
If Lexaria should drill any new well(s) in the Belmont Lake Oil Field prior to that time when full repayment of the loan has occurred, then the Lender shall have the right, upon 30 days notice from Lexaria, to financially
participate in that well under the same terms and conditions as Lexaria, as to the Lender’s pro-rata portion of a cumulative total of $930,000, which is the total amount of loans being amended under the terms of this
Agreement, and limited to all Lenders cumulatively to not more than 30% of Lexaria’s interest in any new well(s); and,

	
	
 	
 	
 	
 

	 	 	 	
       
	 	 	(vii) 	
      The rights granted to the Lender under Section (4)(vi),
      above, are transferable only with the written approval, in advance, of
      Lexaria; and,

	 	 	 	 
	 	 	(viii) 	
      Lexaria retains the right to repay the Loan in full in
      advance of December 1, 2013 at any time along with the interest due as of
      the day of full repayment, this right does not negate the rights of
      Section (4)(iii).

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

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

(7) This Agreement may be executed by delivery of executed
signature pages by fax or by scan and email, and such execution will be
effective for all purposes. 

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

	 	LEXARIA CORP	LENDER
	 	 	 
	 	 	 
	 	Per:       _______________________	Per:       ___________________
	  	              Authorized Signatory 	              Authorized Signatory
    
	  	  	  
	 	Name:   Bal Bhullar 	Name: 
	 	Title:     CFO, Director 	Title: 

	 	Per:       ___________________
	  	              Authorized Signatory
    
	  	  
	 	Name:   Chris Bunka 
	 	Title:     CEO, Director 
	 	 

AMENDMENT TO EXISTING AGREEMENT

THIS AMENDMENT (the “Agreement”) is made
effective as of this 22th day of November, 2012

BETWEEN:

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

(the “Company,” or,
“Lexaria”)

AND:

David DeMartini 
11714 Spriggs
Way
Houston, TX
77024

(the “Lender”)

WHEREAS:

Article 1 - The Lender has previously loaned US$50,000 to
Lexaria through a secured convertible debenture with a maturity date of November
30, 2012 (the “Initial Agreement”) and both Lexaria and the Lender agree
to amend the terms, by way of this Agreement, under which those funds are
loaned; 

Article 2 - Lexaria is attempting, along with third-party
co-owners, to sell its interest in the Belmont Lake Oil Field for cash
consideration and to use the proceeds to pay 100% of the loaned amount, with
interest, to the Lender; 

Article 3 - The viability of selling the Belmont Lake Oil Field
interests, and the timing of a potential sale, is beyond Lexaria’s control,
necessitating new provisions for the repayment of the loaned funds. 

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

(1) All of the terms, conditions and obligations of the Initial
Agreement remain valid and in force for the period of time that this Amendment
is effective except for those terms, conditions and obligations that are
specifically amended by way of this Agreement. 

(2) The December 1, 2012 interest payment for the month of
November 2012 will be made normally as per the Initial Agreement. 

(3) If the Belmont Lake Oil Field interests have been sold and
the transaction has closed including all funds from the transaction received by
Lexaria prior to December 31, 2012 (the “Closing”), then Lexaria will
repay prior to January 25, 2013, the full amount of the outstanding loan due at
the time of the Closing, including all the normal interest due up to the
Closing, plus a bonus payment of an additional 30-days interest payment. 

(4) If the Belmont Lake Oil Field interests have been sold and
the transaction closes after December 31, 2012, or if the Belmont Lake
Oil Field interests do not sell, then Lexaria will repay the full amount
of the outstanding loan due as per the following: 

	 	 	(i) 	
      The loan repayment schedule will be converted, with an
      effective date of December 1, 2012, to 12 equal monthly principal payments
      that together will repay 100% of the principal amount, plus interest at
      12% on the monthly declining balance, in arrears; and,

	 	 	 	 
	 	 	(ii) 	
      The first payment of interest and principal shall be due
      on January 1, 2013; and,

	 	 	 	 
	 	 	(iii) 	
      In recognition of the 12-month extension of repayment
      being granted by the Lender to Lexaria, Lexaria agrees to pay a one-time
      bonus interest payment of 6% of the principal amount that is outstanding
      as of December 1, 2012, and to submit this one-time payment not later than
      January 25, 2013; and,

	 	 	 	 
	 	 	(iv) 	
      If during any period of time prior to the full repayment
      of the principal amount, Lexaria is in arrears on the monthly interest and
      principal payments for 90 days, then the interest rate outstanding on all
      unpaid principal amounts at that time will be increased to 18%;
  and,

	 	 	 	 
	 	 	(v) 	
      If Lexaria makes capital investments cumulatively
      exceeding $50,000 prior to that time when full repayment of the loan has
      occurred, then Lexaria will grant a lien to the Lender on all such capital
      investments; and,

	 	 	 	 
	 	 	(vi) 	
      If Lexaria should drill any new well(s) in the Belmont
      Lake Oil Field prior to that time when full repayment of the loan has
      occurred, then the Lender shall have the right, upon 30 days notice from
      Lexaria, to financially participate in that well under the same terms and
      conditions as Lexaria, as to the Lender’s pro-rata
      portion of a cumulative total of $930,000, which is the total amount
      of loans being amended under the terms of this Agreement, and limited to
      all Lenders cumulatively to not more than 30% of Lexaria’s interest in any
      new well(s); and,

	 	 	 	
       

	 	 	 	
       
	 	 	(vii) 	
      The rights granted to the Lender under Section (4)(vi),
      above, are transferable only with the written approval, in advance, of
      Lexaria; and,

	 	 	 	 
	 	 	(viii) 	
      Lexaria retains the right to repay the Loan in full in
      advance of December 1, 2013 at any time along with the interest due as of
      the day of full repayment, this right does not negate the rights of
      Section (4)(iii).

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

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

(7) This Agreement may be executed by delivery of executed
signature pages by fax or by scan and email, and such execution will be
effective for all purposes. 

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

	 	LEXARIA CORP	LENDER
	 	 	 
	 	Per:       _______________________	Per:       _____________________________
	  	              Authorized Signatory 	              Authorized Signatory 
	  	  	  
	 	Name:   Bal Bhullar 	Name: 
	 	Title:     CFO, Director 	Title: 

	 	Per:       ______________________
	  	              Authorized Signatory 
	  	  
	 	Name:   Chris Bunka 
	 	Title:     CEO, Director 
	 	 

AMENDMENT TO EXISTING AGREEMENT

THIS AMENDMENT (the “Agreement”) is made effective as of this 22th day of November, 2012

BETWEEN:

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

(the “Company,” or, “Lexaria”)

AND:

Emerald Atlantic, LLC

11714 Spriggs Way 

Houston, TX 

77024

(the “Lender”)

WHEREAS:

Article 1 - The Lender has previously loaned US$120,000 to Lexaria through a secured convertible debenture with a maturity date of November 30, 2012 (the “Initial Agreement”) and both Lexaria and the Lender agree to amend the
terms, by way of this Agreement, under which those funds are loaned; 

Article 2 - Lexaria is attempting, along with third-party co-owners, to sell its interest in the Belmont Lake Oil Field for cash consideration and to use the proceeds to pay 100% of the loaned amount, with interest, to the Lender; 

Article 3 - The viability of selling the Belmont Lake Oil Field interests, and the timing of a potential sale, is beyond Lexaria’s control, necessitating new provisions for the repayment of the loaned funds. 

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

(1) All of the terms, conditions and obligations of the Initial Agreement remain valid and in force for the period of time that this Amendment is effective except for those terms, conditions and obligations that are specifically amended by way of
this Agreement. 

(2) The December 1, 2012 interest payment for the month of November 2012 will be made normally as per the Initial Agreement. 

(3) If the Belmont Lake Oil Field interests have been sold and the transaction has closed including all funds from the transaction received by Lexaria prior to December 31, 2012 (the “Closing”), then Lexaria will repay prior to
January 25, 2013, the full amount of the outstanding loan due at the time of the Closing, including all the normal interest due up to the Closing, plus a bonus payment of an additional 30-days interest payment. 

(4) If the Belmont Lake Oil Field interests have been sold and the transaction closes after December 31, 2012, or if the Belmont Lake Oil Field interests do not sell, then Lexaria will repay the full amount of the outstanding loan due
as per the following: 

	
 	
 	
(i) 		
The loan repayment schedule will be converted, with an effective date of December 1, 2012, to 12 equal monthly principal payments that together will repay 100% of the principal amount, plus interest at 12% on the monthly declining
balance, in arrears; and,

	
	 	 	 	 
	
 	
 	
(ii) 		
The first payment of interest and principal shall be due on January 1, 2013; and,

	
	 	 	 	 
	
 	
 	
(iii) 		
In recognition of the 12-month extension of repayment being granted by the Lender to Lexaria, Lexaria agrees to pay a one-time bonus interest payment of 6% of the principal amount that is outstanding as of December 1, 2012, and to
submit this one-time payment not later than January 25, 2013; and,

	
	 	 	 	 
	
 	
 	
(iv) 		
If during any period of time prior to the full repayment of the principal amount, Lexaria is in arrears on the monthly interest and principal payments for 90 days, then the interest rate outstanding on all unpaid principal amounts
at that time will be increased to 18%; and,

	
	 	 	 	 
	
 	
 	
(v) 		
If Lexaria makes capital investments cumulatively exceeding $50,000 prior to that time when full repayment of the loan has occurred, then Lexaria will grant a lien to the Lender on all such capital investments; and,

	
	 	 	 	 
	
 	
 	
(vi) 		
If Lexaria should drill any new well(s) in the Belmont Lake Oil Field prior to that time when full repayment of the loan has occurred, then the Lender shall have the right, upon 30 days notice from Lexaria, to financially
participate in that well under the same terms and conditions as Lexaria, as to the Lender’s pro-rata portion of a cumulative total of $930,000, which is the total amount of loans being amended under the terms of this
Agreement, and limited to all Lenders cumulatively to not more than 30% of Lexaria’s interest in any new well(s); and,

	
	
 	
 	
 	
 

	
 	
 	
 	
 
	
 	
 	
(vii) 		
The rights granted to the Lender under Section (4)(vi), above, are transferable only with the written approval, in advance, of Lexaria; and,

	
	 	 	 	 
	
 	
 	
(viii) 		
Lexaria retains the right to repay the Loan in full in advance of December 1, 2013 at any time along with the interest due as of the day of full repayment, this right does not negate the rights of Section (4)(iii).

	

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

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

(7) This Agreement may be executed by delivery of executed signature pages by fax or by scan and email, and such execution will be effective for all purposes. 

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

	 	LEXARIA CORP	LENDER
	 	 	 
	 	Per:       _______________________	Per:       _____________________________
	  	              Authorized Signatory 	              Authorized Signatory 
	  	  	  
	 	Name:   Bal Bhullar 	Name: 
	 	Title:     CFO, Director 	Title: 

	 	Per:       ______________________
	  	              Authorized Signatory 
	  	  
	 	Name:   Chris Bunka 
	 	Title:     CEO, Director 
		

AMENDMENT TO EXISTING AGREEMENT

THIS AMENDMENT (the “Agreement”) is made effective as of this 22th day of November, 2012

BETWEEN:

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

(the “Company,” or, “Lexaria”)

AND:

Fred Hoffman 

2023 Bissonnet Street

Houston, TX 

7005-164

(the “Lender”)

WHEREAS:

Article 1 - The Lender has previously loaned US$50,000 to Lexaria through a secured convertible debenture with a maturity date of November 30, 2012 (the “Initial Agreement”) and both Lexaria and the Lender agree to amend the
terms, by way of this Agreement, under which those funds are loaned; 

Article 2 - Lexaria is attempting, along with third-party co-owners, to sell its interest in the Belmont Lake Oil Field for cash consideration and to use the proceeds to pay 100% of the loaned amount, with interest, to the Lender; 

Article 3 - The viability of selling the Belmont Lake Oil Field interests, and the timing of a potential sale, is beyond Lexaria’s control, necessitating new provisions for the repayment of the loaned funds. 

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

(1) All of the terms, conditions and obligations of the Initial Agreement remain valid and in force for the period of time that this Amendment is effective except for those terms, conditions and obligations that are specifically amended by way of
this Agreement. 

(2) The December 1, 2012 interest payment for the month of November 2012 will be made normally as per the Initial Agreement. 

(3) If the Belmont Lake Oil Field interests have been sold and the transaction has closed including all funds from the transaction received by Lexaria prior to December 31, 2012 (the “Closing”), then Lexaria will repay prior to
January 25, 2013, the full amount of the outstanding loan due at the time of the Closing, including all the normal interest due up to the Closing, plus a bonus payment of an additional 30-days interest payment. 

(4) If the Belmont Lake Oil Field interests have been sold and the transaction closes after December 31, 2012, or if the Belmont Lake Oil Field interests do not sell, then Lexaria will repay the full amount of the outstanding loan due
as per the following: 

	
 	
 	
(i) 		
The loan repayment schedule will be converted, with an effective date of December 1, 2012, to 12 equal monthly principal payments that together will repay 100% of the principal amount, plus interest at 12% on the monthly declining
balance, in arrears; and,

	
	 	 	 	 
	
 	
 	
(ii) 		
The first payment of interest and principal shall be due on January 1, 2013; and,

	
	 	 	 	 
	
 	
 	
(iii) 		
In recognition of the 12-month extension of repayment being granted by the Lender to Lexaria, Lexaria agrees to pay a one-time bonus interest payment of 6% of the principal amount that is outstanding as of December 1, 2012, and to
submit this one-time payment not later than January 25, 2013; and,

	
	 	 	 	 
	
 	
 	
(iv) 		
If during any period of time prior to the full repayment of the principal amount, Lexaria is in arrears on the monthly interest and principal payments for 90 days, then the interest rate outstanding on all unpaid principal amounts
at that time will be increased to 18%; and,

	
	 	 	 	 
	
 	
 	
(v) 		
If Lexaria makes capital investments cumulatively exceeding $50,000 prior to that time when full repayment of the loan has occurred, then Lexaria will grant a lien to the Lender on all such capital investments; and,

	
	 	 	 	 
	
 	
 	
(vi) 		
If Lexaria should drill any new well(s) in the Belmont Lake Oil Field prior to that time when full repayment of the loan has occurred, then the Lender shall have the right, upon 30 days notice from Lexaria, to financially
participate in that well under the same terms and conditions as Lexaria, as to the Lender’s pro-rata portion of a cumulative total of $930,000, which is the total amount of loans being amended under the terms of this
Agreement, and limited to all Lenders cumulatively to not more than 30% of Lexaria’s interest in any new well(s); and,

	
	
 	
 	
 	
 

	
 	
 	
 	
 
	
 	
 	
(vii) 		
The rights granted to the Lender under Section (4)(vi), above, are transferable only with the written approval, in advance, of Lexaria; and,

	
	 	 	 	 
	
 	
 	
(viii) 		
Lexaria retains the right to repay the Loan in full in advance of December 1, 2013 at any time along with the interest due as of the day of full repayment, this right does not negate the rights of Section (4)(iii).

	

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

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

(7) This Agreement may be executed by delivery of executed signature pages by fax or by scan and email, and such execution will be effective for all purposes. 

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

	 	LEXARIA CORP	LENDER
	 	 	 
	 	Per:       _______________________	Per:       _____________________________
	  	              Authorized Signatory 	              Authorized Signatory 
	  	  	  
	 	Name:   Bal Bhullar 	Name: 
	 	Title:     CFO, Director 	Title: 

	 	Per:       ______________________
	  	              Authorized Signatory 
	  	  
	 	Name:   Chris Bunka 
	 	Title:     CEO, Director 
	 	 

AMENDMENT TO EXISTING AGREEMENT

THIS AMENDMENT (the “Agreement”) is made effective as of this 22th day of November, 2012

BETWEEN:

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

(the “Company,” or, “Lexaria”)

AND:

James Ihrke 

55 Montrose Road 

Mount Pleasant, SC

29464

(the “Lender”)

WHEREAS:

Article 1 - The Lender has previously loaned US$100,000 to Lexaria through a secured convertible debenture with a maturity date of November 30, 2012 (the “Initial Agreement”) and both Lexaria and the Lender agree to amend the
terms, by way of this Agreement, under which those funds are loaned; 

Article 2 - Lexaria is attempting, along with third-party co-owners, to sell its interest in the Belmont Lake Oil Field for cash consideration and to use the proceeds to pay 100% of the loaned amount, with interest, to the Lender; 

Article 3 - The viability of selling the Belmont Lake Oil Field interests, and the timing of a potential sale, is beyond Lexaria’s control, necessitating new provisions for the repayment of the loaned funds. 

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

(1) All of the terms, conditions and obligations of the Initial Agreement remain valid and in force for the period of time that this Amendment is effective except for those terms, conditions and obligations that are specifically amended by way of
this Agreement. 

(2) The December 1, 2012 interest payment for the month of November 2012 will be made normally as per the Initial Agreement. 

(3) If the Belmont Lake Oil Field interests have been sold and the transaction has closed including all funds from the transaction received by Lexaria prior to December 31, 2012 (the “Closing”), then Lexaria will repay prior to
January 25, 2013, the full amount of the outstanding loan due at the time of the Closing, including all the normal interest due up to the Closing, plus a bonus payment of an additional 30-days interest payment. 

(4) If the Belmont Lake Oil Field interests have been sold and the transaction closes after December 31, 2012, or if the Belmont Lake Oil Field interests do not sell, then Lexaria will repay the full amount of the outstanding loan due
as per the following: 

	
 	
 	
(i) 		
The loan repayment schedule will be converted, with an effective date of December 1, 2012, to 12 equal monthly principal payments that together will repay 100% of the principal amount, plus interest at 12% on the monthly declining
balance, in arrears; and,

	
	 	 	 	 
	
 	
 	
(ii) 		
The first payment of interest and principal shall be due on January 1, 2013; and,

	
	 	 	 	 
	
 	
 	
(iii) 		
In recognition of the 12-month extension of repayment being granted by the Lender to Lexaria, Lexaria agrees to pay a one-time bonus interest payment of 6% of the principal amount that is outstanding as of December 1, 2012, and to
submit this one-time payment not later than January 25, 2013; and,

	
	 	 	 	 
	
 	
 	
(iv) 		
If during any period of time prior to the full repayment of the principal amount, Lexaria is in arrears on the monthly interest and principal payments for 90 days, then the interest rate outstanding on all unpaid principal amounts
at that time will be increased to 18%; and,

	
	 	 	 	 
	
 	
 	
(v) 		
If Lexaria makes capital investments cumulatively exceeding $50,000 prior to that time when full repayment of the loan has occurred, then Lexaria will grant a lien to the Lender on all such capital investments; and,

	
	 	 	 	 
	
 	
 	
(vi) 		
If Lexaria should drill any new well(s) in the Belmont Lake Oil Field prior to that time when full repayment of the loan has occurred, then the Lender shall have the right, upon 30 days notice from Lexaria, to financially
participate in that well under the same terms and conditions as Lexaria, as to the Lender’s pro-rata portion of a cumulative total of $930,000, which is the total amount of loans being amended under the terms of this
Agreement, and limited to all Lenders cumulatively to not more than 30% of Lexaria’s interest in any new well(s); and,

	
	
 	
 	
 	
 

	
 	
 	
 	
 
	
 	
 	
(vii) 		
The rights granted to the Lender under Section (4)(vi), above, are transferable only with the written approval, in advance, of Lexaria; and,

	
	 	 	 	 
	
 	
 	
(viii) 		
Lexaria retains the right to repay the Loan in full in advance of December 1, 2013 at any time along with the interest due as of the day of full repayment, this right does not negate the rights of Section (4)(iii).

	

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

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

(7) This Agreement may be executed by delivery of executed signature pages by fax or by scan and email, and such execution will be effective for all purposes. 

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

	 	LEXARIA CORP	LENDER
	 	 	 
	 	Per:       _______________________	Per:       _____________________________
	  	              Authorized Signatory 	              Authorized Signatory 
	  	  	  
	 	Name:   Bal Bhullar 	Name: 
	 	Title:     CFO, Director 	Title: 

	 	Per:       ______________________
	  	              Authorized Signatory 
	  	  
	 	Name:   Chris Bunka 
	 	Title:     CEO, Director 
	 	 

AMENDMENT TO EXISTING AGREEMENT

THIS AMENDMENT (the “Agreement”) is made effective as of this 22th day of November, 2012

BETWEEN:

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

(the “Company,” or, “Lexaria”)

AND:

Mathew Ihrke 

2850 Cherry Lane

Northbrook, IL 

60062

(the “Lender”)

WHEREAS:

Article 1 - The Lender has previously loaned US$50,000 to Lexaria through a secured convertible debenture with a maturity date of November 30, 2012 (the “Initial Agreement”) and both Lexaria and the Lender agree to amend the
terms, by way of this Agreement, under which those funds are loaned; 

Article 2 - Lexaria is attempting, along with third-party co-owners, to sell its interest in the Belmont Lake Oil Field for cash consideration and to use the proceeds to pay 100% of the loaned amount, with interest, to the Lender; 

Article 3 - The viability of selling the Belmont Lake Oil Field interests, and the timing of a potential sale, is beyond Lexaria’s control, necessitating new provisions for the repayment of the loaned funds. 

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

(1) All of the terms, conditions and obligations of the Initial Agreement remain valid and in force for the period of time that this Amendment is effective except for those terms, conditions and obligations that are specifically amended by way of
this Agreement. 

(2) The December 1, 2012 interest payment for the month of November 2012 will be made normally as per the Initial Agreement. 

(3) If the Belmont Lake Oil Field interests have been sold and the transaction has closed including all funds from the transaction received by Lexaria prior to December 31, 2012 (the “Closing”), then Lexaria will repay prior to
January 25, 2013, the full amount of the outstanding loan due at the time of the Closing, including all the normal interest due up to the Closing, plus a bonus payment of an additional 30-days interest payment. 

(4) If the Belmont Lake Oil Field interests have been sold and the transaction closes after December 31, 2012, or if the Belmont Lake Oil Field interests do not sell, then Lexaria will repay the full amount of the outstanding loan due
as per the following: 

	
 	
 	
(i) 		
The loan repayment schedule will be converted, with an effective date of December 1, 2012, to 12 equal monthly principal payments that together will repay 100% of the principal amount, plus interest at 12% on the monthly declining
balance, in arrears; and,

	
	 	 	 	 
	
 	
 	
(ii) 		
The first payment of interest and principal shall be due on January 1, 2013; and,

	
	 	 	 	 
	
 	
 	
(iii) 		
In recognition of the 12-month extension of repayment being granted by the Lender to Lexaria, Lexaria agrees to pay a one-time bonus interest payment of 6% of the principal amount that is outstanding as of December 1, 2012, and to
submit this one-time payment not later than January 25, 2013; and,

	
	 	 	 	 
	
 	
 	
(iv) 		
If during any period of time prior to the full repayment of the principal amount, Lexaria is in arrears on the monthly interest and principal payments for 90 days, then the interest rate outstanding on all unpaid principal amounts
at that time will be increased to 18%; and,

	
	 	 	 	 
	
 	
 	
(v) 		
If Lexaria makes capital investments cumulatively exceeding $50,000 prior to that time when full repayment of the loan has occurred, then Lexaria will grant a lien to the Lender on all such capital investments; and,

	
	 	 	 	 
	
 	
 	
(vi) 		
If Lexaria should drill any new well(s) in the Belmont Lake Oil Field prior to that time when full repayment of the loan has occurred, then the Lender shall have the right, upon 30 days notice from Lexaria, to financially
participate in that well under the same terms and conditions as Lexaria, as to the Lender’s pro-rata portion of a cumulative total of $930,000, which is the total amount of loans being amended under the terms of this
Agreement, and limited to all Lenders cumulatively to not more than 30% of Lexaria’s interest in any new well(s); and,

	
	
 	
 	
 	
 

	
 	
 	
 	
 
	
 	
 	
(vii) 		
The rights granted to the Lender under Section (4)(vi), above, are transferable only with the written approval, in advance, of Lexaria; and,

	
	 	 	 	 
	
 	
 	
(viii) 		
Lexaria retains the right to repay the Loan in full in advance of December 1, 2013 at any time along with the interest due as of the day of full repayment, this right does not negate the rights of Section (4)(iii).

	

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

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

(7) This Agreement may be executed by delivery of executed signature pages by fax or by scan and email, and such execution will be effective for all purposes. 

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

	 	LEXARIA CORP	LENDER
	 	 	 
	 	Per:       _______________________	Per:       _____________________________
	  	              Authorized Signatory 	              Authorized Signatory 
	  	  	  
	 	Name:   Bal Bhullar 	Name: 
	 	Title:     CFO, Director 	Title: 

	 	Per:       ______________________
	  	              Authorized Signatory 
	  	  
	 	Name:   Chris Bunka 
	 	Title:     CEO, Director 
	 	 

AMENDMENT TO EXISTING AGREEMENT

THIS AMENDMENT (the “Agreement”) is made effective as of this 22th day of November, 2012

BETWEEN:

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

(the “Company,” or, “Lexaria”)

AND:

Morgan Bunka 

2316 Bella Vista Street

Kelowna BC

V1P 1S1

(the “Lender”)

WHEREAS:

Article 1 - The Lender has previously loaned CDN$110,000 to Lexaria through a note dated October 21, 2010 payable on a month-to-month basis (the “Amended Agreement”) and both Lexaria and the Lender agree to amend the terms, by
way of this Agreement, under which those funds are loaned; 

Article 2 - Lexaria is attempting, along with third-party co-owners, to sell its interest in the Belmont Lake Oil Field for cash consideration and to use the proceeds to pay 100% of the loaned amount, with interest, to the Lender; 

Article 3 - The viability of selling the Belmont Lake Oil Field interests, and the timing of a potential sale, is beyond Lexaria’s control, necessitating new provisions for the repayment of the loaned funds. 

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

(1) All of the terms, conditions and obligations of the Initial Agreement remain valid and in force for the period of time that this Amendment is effective except for those terms, conditions and obligations that are specifically amended by way of
this Agreement. 

(2) The November 2012 interest payment for the month of November 2012 will be made normally as per the Initial Agreement. 

(3) If the Belmont Lake Oil Field interests have been sold and the transaction has closed including all funds from the transaction received by Lexaria prior to December 31, 2012 (the “Closing”), then Lexaria will repay prior to
January 25, 2013, the full amount of the outstanding loan due at the time of the Closing, including all the normal interest due up to the Closing, plus a bonus payment of an additional 30-days interest payment. 

(4) If the Belmont Lake Oil Field interests have been sold and the transaction closes after December 31, 2012, or if the Belmont Lake Oil Field interests do not sell, then Lexaria will repay the full amount of the outstanding loan due
as per the following: 

	
 	
 	
(i) 		
The loan repayment schedule will be converted, with an effective date of November 27, 2012, to 12 equal monthly principal payments that together will repay 100% of the principal amount, plus interest at 18% on the monthly
declining balance, in arrears; and,

	
	 	 	 	 
	
 	
 	
(ii) 		
The first payment of interest and principal shall be due on January 1, 2013; and,

	
	 	 	 	 
	
 	
 	
(iii) 		
In recognition of the 12-month extension of repayment being granted by the Lender to Lexaria, Lexaria agrees to pay a one-time bonus interest payment of 6% of the principal amount that is outstanding as of November 27, 2012, and
to submit this one-time payment not later than January 25, 2013; and,

	
	 	 	 	 
	
 	
 	
(iv) 		
If during any period of time prior to the full repayment of the principal amount, Lexaria is in arrears on the monthly interest and principal payments for 90 days, then the interest rate outstanding on all unpaid principal amounts
at that time will be increased to 18%; and,

	
	 	 	 	 
	
 	
 	
(v) 		
If Lexaria makes capital investments cumulatively exceeding $50,000 prior to that time when full repayment of the loan has occurred, then Lexaria will grant a lien to the Lender on all such capital investments; and,

	
	 	 	 	 
	
 	
 	
(vi) 		
If Lexaria should drill any new well(s) in the Belmont Lake Oil Field prior to that time when full repayment of the loan has occurred, then the Lender shall have the right, upon 30 days notice from Lexaria, to financially
participate in that well under the same terms and conditions as Lexaria, as to the Lender’s pro-rata portion of a cumulative total of $930,000, which is the total amount of loans being amended under the terms of this
Agreement, and limited to all Lenders cumulatively to not more than 30% of Lexaria’s interest in any new well(s); and,

	
	
 	
 	
 	
 

	
 	
 	
 	
 
	
 	
 	
(vii) 		
The rights granted to the Lender under Section (4)(vi), above, are transferable only with the written approval, in advance, of Lexaria; and,

	
	 	 	 	 
	
 	
 	
(viii) 		
Lexaria retains the right to repay the Loan in full in advance of November 27, 2013 at any time along with the interest due as of the day of full repayment, this right does not negate the rights of Section (4)(iii).

	

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

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

(7) This Agreement may be executed by delivery of executed signature pages by fax or by scan and email, and such execution will be effective for all purposes. 

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

	 	LEXARIA CORP	LENDER
	 	 	 
	 	Per:       _______________________	Per:       _____________________________
	  	              Authorized Signatory 	              Authorized Signatory 
	  	  	  
	 	Name:   Bal Bhullar 	Name: 
	 	Title:     CFO, Director 	Title: 

	 	Per:       ______________________
	  	              Authorized Signatory 
	  	  
	 	Name:   Chris Bunka 
	 	Title:     CEO, Director 
	 	 

AMENDMENT TO EXISTING AGREEMENT

THIS AMENDMENT (the “Agreement”) is made effective as of this 22th day of November, 2012

BETWEEN:

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

(the “Company,” or, “Lexaria”)

AND:

David DeMartini 

11714 Spriggs Way

Houston, TX

77024

(the “Lender”)

WHEREAS:

Article 1 - The Lender has previously loaned US$100,000 to Lexaria through a secured convertible debenture with a maturity date of December 1, 2012 (the “Initial Agreement”) and both Lexaria and the Lender agree to amend the
terms, by way of this Agreement, under which those funds are loaned; 

Article 2 - Lexaria is attempting, along with third-party co-owners, to sell its interest in the Belmont Lake Oil Field for cash consideration and to use the proceeds to pay 100% of the loaned amount, with interest, to the Lender; 

Article 3 - The viability of selling the Belmont Lake Oil Field interests, and the timing of a potential sale, is beyond Lexaria’s control, necessitating new provisions for the repayment of the loaned funds. 

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

(1) All of the terms, conditions and obligations of the Initial Agreement remain valid and in force for the period of time that this Amendment is effective except for those terms, conditions and obligations that are specifically amended by way of
this Agreement. 

(2) The December 1, 2012 interest payment for the month of November 2012 will be made normally as per the Initial Agreement. 

(3) If the Belmont Lake Oil Field interests have been sold and the transaction has closed including all funds from the transaction received by Lexaria prior to December 31, 2012 (the “Closing”), then Lexaria will repay prior to
January 25, 2013, the full amount of the outstanding loan due at the time of the Closing, including all the normal interest due up to the Closing, plus a bonus payment of an additional 30-days interest payment. 

(4) If the Belmont Lake Oil Field interests have been sold and the transaction closes after December 31, 2012, or if the Belmont Lake Oil Field interests do not sell, then Lexaria will repay the full amount of the outstanding loan due
as per the following: 

	
 	
 	
(i) 		
The loan repayment schedule will be converted, with an effective date of December 1, 2012, to 12 equal monthly principal payments that together will repay 100% of the principal amount, plus interest at 12% on the monthly declining
balance, in arrears; and,

	
	 	 	 	 
	
 	
 	
(ii) 		
The first payment of interest and principal shall be due on January 1, 2013; and,

	
	 	 	 	 
	
 	
 	
(iii) 		
In recognition of the 12-month extension of repayment being granted by the Lender to Lexaria, Lexaria agrees to pay a one-time bonus interest payment of 6% of the principal amount that is outstanding as of December 1, 2012, and to
submit this one-time payment not later than January 25, 2013; and,

	
	 	 	 	 
	
 	
 	
(iv) 		
If during any period of time prior to the full repayment of the principal amount, Lexaria is in arrears on the monthly interest and principal payments for 90 days, then the interest rate outstanding on all unpaid principal amounts
at that time will be increased to 18%; and,

	
	 	 	 	 
	
 	
 	
(v) 		
If Lexaria makes capital investments cumulatively exceeding $50,000 prior to that time when full repayment of the loan has occurred, then Lexaria will grant a lien to the Lender on all such capital investments; and,

	
	 	 	 	 
	
 	
 	
(vi) 		
If Lexaria should drill any new well(s) in the Belmont Lake Oil Field prior to that time when full repayment of the loan has occurred, then the Lender shall have the right, upon 30 days notice from Lexaria, to financially
participate in that well under the same terms and conditions as Lexaria, as to the Lender’s pro-rata portion of a cumulative total of $930,000, which is the total amount of loans being amended under the terms of this
Agreement, and limited to all Lenders cumulatively to not more than 30% of Lexaria’s interest in any new well(s); and,

	
	
 	
 	
 	
 

	
 	
 	
 	
 
	
 	
 	
(vii) 		
The rights granted to the Lender under Section (4)(vi), above, are transferable only with the written approval, in advance, of Lexaria; and,

	
	 	 	 	 
	
 	
 	
(viii) 		
Lexaria retains the right to repay the Loan in full in advance of December 1, 2013 at any time along with the interest due as of the day of full repayment, this right does not negate the rights of Section (4)(iii).

	

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

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

(7) This Agreement may be executed by delivery of executed signature pages by fax or by scan and email, and such execution will be effective for all purposes. 

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

	 	LEXARIA CORP	LENDER
	 	 	 
	 	Per:       _______________________	Per:       _____________________________
	  	              Authorized Signatory 	              Authorized Signatory 
	  	  	  
	 	Name:   Bal Bhullar 	Name: 
	 	Title:     CFO, Director 	Title: 

	 	Per:       ______________________
	  	              Authorized Signatory 
	  	  
	 	Name:   Chris Bunka 
	 	Title:     CEO, Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00210-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00210-of-00352.parquet"}]]