<SEC-DOCUMENT>0001062993-14-001521.txt : 20140321
<SEC-HEADER>0001062993-14-001521.hdr.sgml : 20140321
<ACCEPTANCE-DATETIME>20140321061433
ACCESSION NUMBER:		0001062993-14-001521
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20140321
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Unregistered Sales of Equity Securities
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20140321
DATE AS OF CHANGE:		20140321

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LEXARIA CORP.
		CENTRAL INDEX KEY:			0001348362
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				202000871
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-52138
		FILM NUMBER:		14708219

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		604-602-1675

	MAIL ADDRESS:	
		STREET 1:		SUITE 604 - 700 WEST PENDER STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 1G8

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Lexaria Corp.
		DATE OF NAME CHANGE:	20051229
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>

<HTML>
<HEAD>
   <TITLE> Lexaria Corp. - Form 8-K - Filed by newsfilecorp.com</TITLE>
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<BODY style="font-size:10pt;">

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<P align=center><B><FONT size=5>UNITED STATES </FONT></B><BR><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION </FONT></B><BR>Washington, D.C.
20549<B> </B></P>
<P align=center><B><FONT size=5>FORM 8-K </FONT></B></P>
<P align=center>Current Report <BR>Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 <BR></P>
<P align=center>Date of Report (date of earliest event reported): <B><U>March
21, 2014 </U></B></P>
<P align=center><B><U><FONT size=5>LEXARIA CORP. </FONT></U></B><BR>(Exact name
of registrant as specified in its charter) </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=center><B><U>Nevada </U></B></TD>
    <TD align=center width="33%"><B><U>000-52138 </U></B></TD>
    <TD align=center width="33%"><B><U>20-2000871 </U></B></TD></TR>
  <TR vAlign=top>
    <TD align=center>(State or other jurisdiction of </TD>
    <TD align=center width="33%">(Commission File Number) </TD>
    <TD align=center width="33%">(IRS Employer Identification No.) </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center>incorporation) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="33%">&nbsp;
    </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="33%">&nbsp;
    </TD></TR></TABLE>
<P align=center><B><U>#950 &#150; 1130 West Pender Street, Vancouver, British
Columbia, Canada V6E 4A4</U> </B></P>
<P align=center>Registrant's telephone number, including area code:<B><U> (604)
602-1675 </U></B></P>
<P
align=center>_____________________________________________________<BR>(Former
name or former address, if changed since last report.) </P>
<P align=justify>Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">[&nbsp; &nbsp;] </TD>
    <TD>
      <P align=justify>Written communications pursuant to Rule 425 under the
      Securities Act (17 CFR 230.425)</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">[&nbsp; &nbsp;] </TD>
    <TD>
      <P align=justify>Soliciting material pursuant to Rule 14a-12 under the
      Exchange Act (17 CFR 240.14a-12)</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">[&nbsp;&nbsp; ] </TD>
    <TD>
      <P align=justify>Pre-commencement communications pursuant to Rule 14d-2(b)
      under the Exchange Act (17 CFR 240.14d- 2(b))</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">[&nbsp;&nbsp; ] </TD>
    <TD>
      <P align=justify>Pre-commencement communications pursuant to Rule 13e-4(c)
      under Exchange Act (17 CFR 240.13e-4(c))</P></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_2></A>
<P align=justify><B>Item 1.01 Entry into a Material Definitive Agreement
</B></P>
<P align=justify><B>Item 3.02 Unregistered Sales of Equity Securities </B></P>
<P align=justify>On March 21, 2014, Lexaria closed a private placement by
issuing 10,600,000 units at a price of US$0.12 per unit for gross proceeds of
US$1,272,000. Each Unit consists of one common share of the Company and one full
non-transferable Share purchase warrant (&#147;Warrant&#148;). Each Warrant will be
exercisable into one further Share (a &#147;Warrant Share&#148;) at a price of US$0.25 per
Warrant Share for a period of eighteen (18) months following closing.</P>
<P align=justify>Three Directors of the Company participated in the private
placement for $48,008. </P>
<P align=justify>The Warrants are subject to an early acceleration provision
pursuant to which, in the event that the Company&#146;s common shares at any time
after 6 months and 1 day have elapsed from the closing of the Offering, as
listed on a Principal Canadian Market &#150; currently the Canadian Securities
Exchange with symbol LXX, has been at or above CDN$0.40 for a period of 20
consecutive trading days, the Company may, within five (5) days thereafter issue
to the Subscribers a written notice advising of the accelerated expiry of the
Warrants. Such written notice shall identify in reasonable detail the
particulars of the acceleration event and identify the date (the "Warrant
Accelerated Expiry Date") set for accelerated expiry, which in no event shall be
less than 30 days after the mailing date of the written notice. For greater
certainty, all Warrants shall expire and be of no further force or effect as of
4:30 pm (Pacific Time) on the Warrant Accelerated Expiry Date. </P>
<P align=justify>A cash finders&#146; fee for $16,800 was paid to Cannacord Genuity,
Leede Financial Markets and PI Financial Corp.; and a stock finders&#146; fee of
819,999 common shares of the Company were issued to Canaccord Genuity and
Wolverton Securities. </P>
<P align=justify>Proceeds of the private placement will be used for general
working capital, administrative uses, and for the acquisition and/or building of
Medicinal Marijuana operations. </P>
<P align=justify>The Company issued the units to forty-one (41) non-US persons
in an off-shore transaction pursuant to the exemption from registration provided
for under Regulation S, promulgated under the United States Securities Act of
1933, as amended. Each of the subscribers represented that they were not a &#147;US
person&#148; as such term is defined in Regulation S. The Company issued the units to
ten (10) US persons pursuant to the exemption from registration provided for
under Rule 506 of Regulation D, promulgated under the United States Securities
Act 1933, as amended. Each of the subscribers represented that they were an
&#147;accredited investor&#148; as such term is defined in Regulation D. </P>
<P align=justify>The securities referred to herein will not be and 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. </P>
<P align=justify><B>Item 7.01 Regulation FD Disclosure. </B></P>
<P align=justify>A copy of the news release announcing the private placement is
filed as exhibit 99.1 to this current report and is hereby incorporated by
reference. </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_3></A>
<P align=justify><B>TEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="10%"  >&nbsp;</TD>
    <TD vAlign=top width="10%" bgColor=#eeeeee><a href="exhibit10-1.htm">10.1 </a></TD>
    <TD bgColor=#eeeeee >
      <P align=justify><a href="exhibit10-1.htm">Form of Subscription Agreement (1) for Private Placement
  closed on March 21, 2014</a></P></TD></TR>
  <TR>
    <TD width="10%" >&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD >&nbsp;</TD></TR>
  <TR>
    <TD width="10%" >&nbsp;</TD>
    <TD vAlign=top width="10%" bgColor=#eeeeee><a href="exhibit10-2.htm">10.2 </a></TD>
    <TD bgColor=#eeeeee >
      <P align=justify><a href="exhibit10-2.htm">Form of Warrant Agreements (2) dated March 21,
  2014</a></P></TD></TR>
  <TR>
    <TD width="10%" >&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD >&nbsp;</TD></TR>
  <TR>
    <TD width="10%" >&nbsp;</TD>
    <TD vAlign=top width="10%" bgColor=#eeeeee><a href="exhibit99-1.htm">99.1 </a></TD>
    <TD bgColor=#eeeeee >
      <P align=justify><a href="exhibit99-1.htm">Press Release announcing closing of Private
    Placement</a></P></TD></TR></TABLE>
<BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_4></A>
<P align=center><B>SIGNATURES </B></P>
<P align=justify>Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized. </P>
<P align=justify>Dated: March 21, 2014 </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="40%" >Lexaria Corp. </TD>
    <TD align=left width="50%"  >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>(Signature) </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="40%"
    >By: &#147;<I>/s/ Chris Bunka&#148;</I> </TD>
    <TD align=left width="50%"  >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="40%" >Chris Bunka </TD>
    <TD align=left width="50%"  >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="40%" >President &amp; CEO </TD>
    <TD align=left width="50%"
>&nbsp;</TD></TR></TABLE><BR>
<HR align=center width="100%" color=black noShade SIZE=5>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>

<HTML>
<HEAD>
   <TITLE>Lexaria Corp. - Exhibit 10.1 - Filed by newsfilecorp.com</TITLE>
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<HR noshade align="center" width=100% size=3 color="black">
<A name=page_1></A>
<P align=center><B>LEXARIA CORP. </B></P>
<P align=center><B>PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT </B></P>
<P align=center><B>INSTRUCTIONS TO PURCHASER </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">1. </TD>
    <TD>
      <P align=justify><B>All purchasers </B>must complete all the information
      in the boxes on page 2 and sign where indicated with an
  &#147;<B>X</B>&#148;.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">2. </TD>
    <TD>
      <P align=justify><B>All purchasers </B>must complete and sign the
      <B>&#147;</B>Investor Questionnaire<B>&#148; </B>that starts on page 2.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">3. </TD>
    <TD>
      <P align=justify><B>If you are a &#147;U.S. Purchaser&#148;, </B>you must also
      complete and sign the certification that starts on page 13. A &#147;U.S.
      Purchaser&#148; is (a) any &#147;U.S. person&#148; as defined in Regulation S under
      United States federal securities laws, (b) any person purchasing
      securities on behalf of any &#147;U.S. Person&#148; or any person in the United
      States, (c) any person that receives or received an offer of the
      securities while in the United States, (d) any person that is in the
      United States at the time the purchaser&#146;s buy order was made or this
      subscription agreement was executed or delivered. &#147;U.S. person&#148; includes
      but is not limited to (i) any natural person resident in the United
      States; (ii) any partnership or corporation organized or incorporated
      under the laws of the United States; (iii) any partnership or corporation
      organized outside the United States by a U.S. person principally for the
      purpose of investing in securities not registered under the U.S.
      Securities Act of 1933, unless it is organized or incorporated, and owned,
      by accredited investors who are not natural persons, estates or trusts;
      (iv) any estate or trust of which any executor or administrator or trustee
      is a U.S. person.</P></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
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<A name=page_2></A><BR>
<TABLE
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  <TR vAlign=top>
    <TD align=left><B>Subscription Agreement (with related appendices,
      acknowledgements, provisions and forms) </B></TD>
    <TD align=right width="20%" ><B>Page 2 of 27 pages
  </B></TD></TR></TABLE>
<P align=center><B><FONT size=4>PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT
</FONT></B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>TO: </TD>
    <TD align=left width="90%" ><B>LEXARIA CORP., </B>(the
      &#147;Issuer&#148;), of <B>950 &#150; 1130 West Pender Street, Vancouver, BC V6E 4A4
    </B></TD></TR></TABLE>
<P align=justify>Subject and pursuant to the terms set out in the Terms on pages
10 to 12, the General Provisions on pages 18 to 27 and the other appendices,
acknowledgements, provisions and forms attached which are hereby incorporated by
reference, the undersigned purchaser (the &#147;Purchaser&#148;) hereby irrevocably
subscribes for, and on Closing will purchase from the Issuer, the following
securities at the following price: </P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=3 width="100%" border=0>

  <TR vAlign=top>
    <TD
    style="BORDER-RIGHT: #000000 2px solid; BORDER-TOP: #000000 2px solid; BORDER-LEFT: #000000 2px solid"
    align=center>________________________Units </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 2px solid; BORDER-LEFT: #000000 2px solid"
    align=left><B>US$</B>0.12 <B>Unit </B>for a total purchase price of US$
      __________________________________________________________________________</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 2px solid; BORDER-LEFT: #000000 2px solid"
    align=left>The Purchaser currently owns, directly or indirectly, the
      following securities of the Issuer: </TD></TR>
  <TR>
    <TD
      style="BORDER-RIGHT: #000000 2px solid; BORDER-LEFT: #000000 2px solid">_____________________________________________________________________________________________________________</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-RIGHT: #000000 2px solid; BORDER-LEFT: #000000 2px solid"
    align=left><B>[Check if applicable]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </B>The
      Purchaser is: [&nbsp;&nbsp; ]&nbsp; an insider of the
      Issuer&nbsp;&nbsp;&nbsp; [&nbsp;&nbsp; ]&nbsp; a member of a Pro Group
  </TD></TR>
  <TR vAlign=bottom>
    <TD
    style="BORDER-RIGHT: #000000 2px solid; BORDER-LEFT: #000000 2px solid; BORDER-BOTTOM: #000000 2px solid"
    align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      [&nbsp;&nbsp; ]&nbsp; a director, officer or Promoter of the Issuer
  </TD></TR></TABLE></DIV>
<P align=justify>The Purchaser directs the Issuer to issue, register and deliver
the certificates representing the Purchased Securities as follows: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=center><B>REGISTRATION INSTRUCTIONS </B></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=center width="4%"
     >&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
    align=center width="48%"><B>DELIVERY INSTRUCTIONS </B></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" align=center
    >&nbsp;</TD>
    <TD align=center width="4%"  >&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=center width="48%"
    >&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=center >&nbsp;</TD>
    <TD align=center width="4%"  >&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=center width="48%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left>Name to appear on
      certificate </TD>
    <TD align=left width="4%"  >&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="48%">Name
      and account reference, if applicable </TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left
    >&nbsp;</TD>
    <TD align=left width="4%"  >&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="48%"
    >&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left >&nbsp;</TD>
    <TD align=left width="4%"  >&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="48%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left>Account reference if
      applicable </TD>
    <TD align=left width="4%"  >&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="48%">Contact
      name </TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left
    >&nbsp;</TD>
    <TD align=left width="4%"  >&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="48%"
    >&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left >&nbsp;</TD>
    <TD align=left width="4%"  >&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="48%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left>Address </TD>
    <TD align=left width="4%"  >&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="48%">Address
    </TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left
    >&nbsp;</TD>
    <TD align=left width="4%"  >&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="48%"
    >&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left >&nbsp;</TD>
    <TD align=left width="4%"  >&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="48%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="4%"
     >&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="48%">Telephone Number </TD></TR></TABLE>
<P align=justify><B>EXECUTED by the Purchaser this _______ day of _____________,
2014. By executing this Subscription Agreement, the Purchaser certifies that the
Purchaser and any beneficial purchaser for whom the Purchaser is acting is
resident in the jurisdiction shown as the &#147;Address of Purchaser&#148;. </B></P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=2 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
    align=left>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=center width="4%"
     >&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
    align=center width="48%"><B>EXECUTION BY PURCHASER: </B></TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left>Accepted this day of
      ________________, 2014 </TD>
    <TD align=left width="4%"  >&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="48%"><B>X </B></TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left>&nbsp;</TD>
    <TD align=left width="4%"  >&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left
      width="48%">Signature of individual (if Purchaser <B>is </B>an individual)
    </TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left
    >&nbsp;</TD>
    <TD align=left width="4%"  >&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="48%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left><B>LEXARIA CORP.
    </B></TD>
    <TD align=left width="4%"  >&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="48%">X </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left>Per: </TD>
    <TD align=left width="4%"  >&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left
      width="48%">Authorized signatory (if Purchaser <B>is not </B>an
      individual) </TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid">&nbsp;</TD>
    <TD width="4%"  >&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="48%">&nbsp; </TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    >&nbsp;</TD>
    <TD width="4%"  >&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="48%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left>Authorized signatory
    </TD>
    <TD align=left width="4%"  >&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="48%">Name of
      Purchaser and/or authorized signatory (<B>please </B><B>print</B>) </TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid">&nbsp;</TD>
    <TD width="4%"  >&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="48%">&nbsp; </TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" >&nbsp;</TD>
    <TD width="4%"  >&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="48%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left></TD>
    <TD align=left width="4%"  >&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="48%">Name of
      beneficial purchaser for whom Purchaser is contracting (if applicable)
      (<B>please print</B>) </TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid">&nbsp;</TD>
    <TD width="4%"  >&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="48%">&nbsp; </TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" >&nbsp;</TD>
    <TD width="4%"  >&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="48%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left>&nbsp;</TD>
    <TD align=left width="4%"  >&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="48%">Address
      of Purchaser (residence) </TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid">&nbsp;</TD>
    <TD width="4%"  >&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="48%">&nbsp; </TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" >&nbsp;</TD>
    <TD width="4%"  >&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="48%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left>&nbsp;</TD>
    <TD align=left width="4%"  >&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="48%">Address
      of beneficial purchaser (if applicable) </TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid">&nbsp;</TD>
    <TD width="4%"  >&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="48%">&nbsp; </TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" >&nbsp;</TD>
    <TD width="4%"  >&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    width="48%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="4%"
     >&nbsp;</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="48%">Telephone number and e-mail address
</TD></TR></TABLE></DIV>
<P align=justify>The Issuer accepts the subscription as set forth above on the
terms and conditions contained in this Subscription Agreement. </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_3></A>
<P align=center><B><FONT size=3>INVESTOR QUESTIONNAIRE </FONT></B></P>
<P align=justify>(Capitalized terms not specifically defined in this
Questionnaire have the meaning ascribed to them in the Subscription Agreement to
which this Questionnaire is attached.) </P>
<P align=justify>In connection with the purchase by the Subscriber (being the
undersigned, or if the undersigned is purchasing the Units as agent on behalf of
a disclosed beneficial Subscriber, such beneficial Subscriber, shall be referred
herein as the &#147;Subscriber&#148;) of the Units, the Subscriber hereby represents,
warrants and certifies to the Issuer that the Subscriber: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(i) </TD>
    <TD>
      <P align=justify>is purchasing the Units as principal (or deemed
      principal) under the terms of National Instrument 45-106 - <I>Prospectus
      and Registration Exemptions </I>adopted by the Canadian Securities
      Administrators (&#147;NI 45-106&#148;);</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(ii) </TD>
    <TD>
      <P align=justify>(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      is resident in or is subject to the laws of one of the following (check
      one):</P></TD></TR></TABLE><BR>
<DIV align=center>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=3 width="70%" border=0>

  <TR vAlign=top>
    <TD align=left>[&nbsp; ] Alberta </TD>
    <TD align=left width="33%">[&nbsp; ] New Brunswick </TD>
    <TD align=left width="33%">[&nbsp; ] Prince Edward Island </TD></TR>
  <TR vAlign=top>
    <TD align=left>[&nbsp; ] British Columbia </TD>
    <TD align=left width="33%">[&nbsp; ] Nova Scotia </TD>
    <TD align=left width="33%">[ &nbsp;] Quebec </TD></TR>
  <TR vAlign=top>
    <TD align=left>[&nbsp; ] Manitoba </TD>
    <TD align=left width="33%">[ &nbsp;] Ontario </TD>
    <TD align=left width="33%">[ &nbsp;] Saskatchewan </TD></TR>
  <TR vAlign=top>
    <TD align=left>[ &nbsp;] Newfoundland and Labrador </TD>
    <TD align=left width="33%"></TD>
    <TD align=left width="33%"></TD></TR>
  <TR vAlign=top>
    <TD align=left>[&nbsp; ] United States: </TD>
    <TD align=left width="66%" colSpan=2>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
      &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(List State of Residence)
  </TD></TR></TABLE></DIV>
<P style="MARGIN-LEFT: 15%" align=justify>or </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="10%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(B) </TD>
    <TD>
      <P align=justify>[ &nbsp;] is resident in a country other than Canada or
      the United States; and</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(iii) </TD>
    <TD>
      <P align=justify>has not been provided with any offering memorandum in
      connection with the purchase of the Units.</P></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_4></A>
<P align=justify>In connection with the purchase of the Units of the Issuer, the
Subscriber hereby represents, warrants, covenants and certifies that: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">I. </TD>
    <TD>
      <P align=justify><B>SUBSCRIBERS PURCHASING UNDER THE &#147;ACCREDITED INVESTOR&#148;
      EXEMPTION</B></P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">(a) </TD>
    <TD>
      <P align=justify>the Subscriber is not a trust company or trust company
      registered under the laws of Prince Edward Island that is not registered
      or authorized under the <I>Trust and Loan Companies Act </I>(Canada) or
      under comparable legislation in another jurisdiction of Canada;
  and</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">(b) </TD>
    <TD>
      <P align=justify>the Subscriber is an &#147;accredited investor&#148; within the
      meaning of NI 45-106, by virtue of satisfying one of the following
      criterion (please initial on the appropriate line
below):</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left >_____</TD>
    <TD align=left width="95%" >
      <P align=justify>(i)&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;a Canadian
      financial institution, or a Schedule III bank </P></TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="95%" >
      <P align=justify>&nbsp;</P></TD></TR>
  <TR vAlign=top>
    <TD align=left >_____</TD>
    <TD align=left width="95%" >
      <P
      align=justify>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;the Business Development Bank of Canada incorporated under the
      <I>Business Development Bank</I> <I>of Canada Act </I>(Canada) </P></TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="95%" >
      <P align=justify>&nbsp;</P></TD></TR>
  <TR vAlign=top>
    <TD align=left >_____</TD>
    <TD align=left width="95%" >
      <P
      align=justify>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      a subsidiary of any person referred to in Category 1 or 2, if the person
      owns all of the voting securities of the subsidiary, except the voting
      securities required by law to be owned by directors of that subsidiary
    </P></TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="95%" >
      <P align=justify>&nbsp;</P></TD></TR>
  <TR vAlign=top>
    <TD align=left >_____</TD>
    <TD align=left width="95%" >
      <P
      align=justify>(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      a person registered under the securities legislation of a jurisdiction of
      Canada as an adviser or dealer, other than a person registered solely as a
      limited market dealer under one or both of the <I>Securities Act
      </I>(Ontario) or the <I>Securities Act </I>(Newfoundland and Labrador),
      </P></TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="95%" >
      <P align=justify>&nbsp;</P></TD></TR>
  <TR vAlign=top>
    <TD align=left >_____</TD>
    <TD align=left width="95%" >
      <P
      align=justify>(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;an individual registered or formerly registered under the securities
      legislation of a jurisdiction of Canada as a representative of a person
      referred to in paragraph (i), </P></TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="95%" >
      <P align=justify>&nbsp;</P></TD></TR>
  <TR vAlign=top>
    <TD align=left >_____</TD>
    <TD align=left width="95%" >
      <P
      align=justify>(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      an individual who, either alone or with a spouse, beneficially owns
      financial assets having an aggregate realizable value that before taxes,
      but net of any related liabilities, exceeds $1,000,000, </P></TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="95%" >
      <P align=justify>&nbsp;</P></TD></TR>
  <TR vAlign=top>
    <TD align=left >_____</TD>
    <TD align=left width="95%" >
      <P
      align=justify>(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;an
      individual whose net income before taxes exceeded $200,000 in each of the
      2 most recent calendar years or whose net income before taxes combined
      with that of a spouse exceeded $300,000 in each of the 2 most recent
      calendar years and who, in either case, reasonably expects to exceed that
      net income level in the current calendar year,
</P></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_5></A><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%"  >_____</TD>
    <TD vAlign=top width="5%">(viii) </TD>
    <TD>
      <P align=justify>an individual who, either alone or with a spouse, has net
      assets of at least $5,000,000,</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >_____</TD>
    <TD vAlign=top width="5%">(ix) </TD>
    <TD>
      <P align=justify>a person, other than an individual or investment fund,
      that has net assets of at least $5,000,000 as shown on its most recently
      prepared financial statements and that has not been created or used solely
      to purchase or hold securities as an accredited investor as defined in
      this paragraph (vi),</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >_____</TD>
    <TD vAlign=top width="5%">(x) </TD>
    <TD>
      <P align=justify>an investment fund that distributes or has distributed
      its securities only to:</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="10%"  >&nbsp;</TD>
    <TD vAlign=top width="5%">(A) </TD>
    <TD>
      <P align=justify>a person that is or was an accredited investor at the
      time of the distribution,</P></TD></TR>
  <TR>
    <TD width="10%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="10%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(B) </TD>
    <TD>
      <P align=justify>a person that acquires or acquired securities in the
      circumstances referred to in sections 2.10 [Minimum amount investment] of
      NI 45-106, or 2.19 [Additional investment in investment funds] of NI
      45-106, or</P></TD></TR>
  <TR>
    <TD width="10%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="10%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(C) </TD>
    <TD>
      <P align=justify>a person described in paragraph (A) or (B) that acquires
      or acquired securities under section 2.18 [Investment fund reinvestment]
      of NI 45-106,</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%"  >_____</TD>
    <TD vAlign=top width="5%">(xi) </TD>
    <TD colSpan=2>
      <P align=justify>an investment fund that distributes or has distributed
      securities under a prospectus in a jurisdiction of Canada for which the
      regulator or, in Qu&#233;bec, the securities regulatory authority, has issued a
      receipt,</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >_____</TD>
    <TD vAlign=top width="5%">(xii) </TD>
    <TD colSpan=2>
      <P align=justify>a trust company or trust company registered or authorized
      to carry on business under the <I>Trust and Loan Companies Act
      </I>(Canada) or under comparable legislation in a jurisdiction of Canada
      or a foreign jurisdiction, acting on behalf of a fully managed account
      managed by the trust company or trust company, as the case may
  be,</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" ></TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >_____</TD>
    <TD vAlign=top width="5%">(xiii) </TD>
    <TD colSpan=2>
      <P align=justify>a person acting on behalf of a fully managed account
      managed by that person, if that person</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD vAlign=top width="5%">(A) </TD>
    <TD>
      <P align=justify>is registered or authorized to carry on business as an
      adviser or the equivalent under the securities legislation of a
      jurisdiction of Canada or a foreign jurisdiction, and</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD vAlign=top width="5%">(B) </TD>
    <TD>
      <P align=justify>in Ontario, is purchasing a security that is not a
      security of an investment fund,</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  <TR>
    <TD vAlign=top width="5%" >_____</TD>
    <TD vAlign=top width="5%">(xiv) </TD>
    <TD colSpan=2>
      <P align=justify>a registered charity under the <I>Income Tax Act
      </I>(Canada) that, in regard to the trade, has obtained advice from an
      eligibility adviser or an adviser registered under the securities
      legislation of the jurisdiction of the registered charity to give advice
      on the securities being traded,</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >_____</TD>
    <TD vAlign=top width="5%">(xv) </TD>
    <TD colSpan=2>
      <P align=justify>an entity organized in a foreign jurisdiction that is
      analogous to the entity referred to in paragraph (i) in form and
      function,</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >_____</TD>
    <TD vAlign=top width="5%">(xvi) </TD>
    <TD colSpan=2>
      <P align=justify>a person in respect of which all of the owners of
      interests, direct, indirect or beneficial, except the voting securities
      required by law to be owned by directors, are persons that are accredited
      investors,</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >_____</TD>
    <TD vAlign=top width="5%">(xvii) </TD>
    <TD colSpan=2>
      <P align=justify>an investment fund that is advised by a person registered
      as an adviser or a person that is exempt from registration as an adviser,
      or</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >_____</TD>
    <TD vAlign=top width="5%">(xviii) </TD>
    <TD colSpan=2>
      <P align=justify>a person that is recognized or designated by the
      securities regulatory authority or, except in Ontario and Qu&#233;bec, the
      regulator as an accredited investor.</P></TD></TR></TABLE>
<P align=center>OR </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_6></A><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">II. </TD>
    <TD>
      <P align=justify><B>SUBSCRIBERS PURCHASING UNDER THE &#147;FAMILY, FRIENDS AND
      BUSINESS ASSOCIATES&#148; EXEMPTION OTHER THAN ONTARIO OR SASKATCHEWAN
      </B><B><U>SUBSCRIBERS</U></B></P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">(c) </TD>
    <TD>
      <P align=justify>the Subscriber is (please initial on the appropriate line
      below):</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%"  >_____</TD>
    <TD vAlign=top width="5%">(i) </TD>
    <TD>
      <P align=justify>a director, executive officer or control person of the
      Issuer, or of an affiliate of the Issuer;</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >_____</TD>
    <TD vAlign=top width="5%">(ii) </TD>
    <TD>
      <P align=justify>a spouse, parent, grandparent, brother, sister, child or
      grandchild of _________________________ (name of person), a director,
      executive officer or control person of the Issuer, or of an affiliate of
      the Issuer;</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >_____</TD>
    <TD vAlign=top width="5%">(iii) </TD>
    <TD>
      <P align=justify>a parent, grandparent, brother, sister, child or
      grandchild of the spouse of ____________________ (name of person), a
      director, executive officer or control person of the Issuer, or of an
      affiliate of the Issuer;</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >_____</TD>
    <TD vAlign=top width="5%">(iv) </TD>
    <TD>
      <P align=justify>a close personal friend (by reason of the fact that the
      Subscriber has directly known such individual well enough and for a
      sufficient period of time and in a sufficiently close relationship (where
      such relationship is direct and extends beyond being a relative or a
      member of the same organization, association or religious group or a
      client, customer or former client or customer or being a close personal
      friend of a close personal friend of such individual) to be in a position
      to assess the capabilities and the trustworthiness of such individual) of
      ____________________________ (name of person), a director, executive
      officer or control person of the Issuer, or of an affiliate of the Issuer,
      with whom the Subscriber has been close personal friends for ______
      (number) years;</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >_____</TD>
    <TD vAlign=top width="5%">(v) </TD>
    <TD>
      <P align=justify>a close business associate (by reason of the fact that
      the Subscriber has had direct sufficient prior business dealings with such
      individual (where such relationship is direct and extends beyond being a
      client, customer or former client or customer or being a close business
      associate of a close business associate of such individual) to be in a
      position to assess the capabilities and trustworthiness of such
      individual) of _________________________ (name of person), a director,
      executive officer or control person of the Issuer, or of an affiliate of
      the Issuer, with whom the Subscriber has been a close business associate
      for ______ (number) years;</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >_____</TD>
    <TD vAlign=top width="5%">(vi) </TD>
    <TD>
      <P align=justify>a founder of the Issuer or a spouse, parent, grandparent,
      brother, sister, child, grandchild, close personal friend (as described in
      subsection II(a)(iv)) or close business associate (as described in
      subsection II(a)(v)) of ___________________________ (name of person), a
      founder of the Issuer, and, if the Subscriber is a close personal friend
      or close business associate of the founder, the Subscriber has been same
      for ______ (number) years;</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >_____</TD>
    <TD vAlign=top width="5%">(vii) </TD>
    <TD>
      <P align=justify>a parent, grandparent, brother, sister, child or
      grandchild of the spouse of ____________________ (name of person), a
      founder of the Issuer;</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >_____</TD>
    <TD vAlign=top width="5%">(viii) </TD>
    <TD>
      <P align=justify>a person or company of which a majority of the voting
      securities are beneficially owned by, or a majority of the directors are,
      persons or companies described in subsections II(a)(i) to II(a)(vii)
      above; or</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >_____</TD>
    <TD vAlign=top width="5%">(ix) </TD>
    <TD>
      <P align=justify>a trust or estate of which all of the beneficiaries or a
      majority of the trustees or executors are persons or companies described
      in subsections II(a)(i) to II(a)(viii) above.</P></TD></TR></TABLE>
<P align=center>OR </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_7></A><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">III. </TD>
    <TD>
      <P align=justify><B>SASKATCHEWAN SUBSCRIBERS PURCHASING UNDER THE &#147;FAMILY,
      FRIENDS AND BUSINESS ASSOCIATES - SASKATCHEWAN&#148;
  EXEMPTION</B></P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">(d) </TD>
    <TD>
      <P align=justify>the Subscriber is resident in the Province of
      Saskatchewan or is subject to the securities laws of the Province of
      Saskatchewan;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">(e) </TD>
    <TD>
      <P align=justify>the Subscriber has provided the Issuer with a signed risk
      acknowledgment form (to be provided by the Issuer on request);
  and</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">(f) </TD>
    <TD>
      <P align=justify>the Subscriber is (please initial on the appropriate line
      below):</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%"  >_____</TD>
    <TD vAlign=top width="5%">(i) </TD>
    <TD>
      <P align=justify>a close personal friend (as described in subsection
      II(a)(iv) above) of ________________________(name of person), a director,
      executive officer or control person of the Issuer, or of an affiliate of
      the Issuer, with whom the Subscriber has been a close personal friend for
      ______(number) years;</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >_____</TD>
    <TD vAlign=top width="5%">(ii) </TD>
    <TD>
      <P align=justify>a close business associate (as described in subsection
      II(a)(v) above) of ______________________ (name of person), a director,
      executive officer or control person of the Issuer, or of an affiliate of
      the Issuer, with whom the Subscriber has been a close business associate
      for ______ (number) years;</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >_____</TD>
    <TD vAlign=top width="5%">(iii) </TD>
    <TD>
      <P align=justify>a close personal friend (as described in subsection
      II(a)(iv) above) or close business associate (as described in subsection
      II(a)(v) above) of _______________________ (name of person), a founder of
      the Issuer, for ______ (number) years;</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >_____</TD>
    <TD vAlign=top width="5%">(iv) </TD>
    <TD>
      <P align=justify>a person or company of which a majority of the voting
      securities are beneficially owned by, or a majority of the directors are,
      persons or companies described in subsections II(a)(i) to II(a)(vii)
      above, if the distribution is based in whole or in part on a close
      personal friendship (as described in subsection II(a)(iv) above) or a
      close business association (as described in subsection II(a)(v) above);
      or</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >_____</TD>
    <TD vAlign=top width="5%">(v) </TD>
    <TD>
      <P align=justify>a trust or estate of which all of the beneficiaries or a
      majority of the trustees or executors are persons or companies described
      in subsections II(a)(i) to II(a)(vii) above, if the distribution is based
      in whole or in part on a close personal friendship (as described in
      subsection II(a)(iv) above) or a close business association (as described
      in subsection II(a)(v) above).</P></TD></TR></TABLE>
<P align=center>OR </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_8></A><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">IV. </TD>
    <TD>
      <P align=justify><B>ONTARIO SUBSCRIBERS PURCHASING UNDER THE &#147;FOUNDER,
      CONTROL PERSON AND FAMILY&#148; EXEMPTION</B></P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">(g) </TD>
    <TD>
      <P align=justify>the Subscriber is resident in the Province of Ontario or
      is subject to the securities laws of the Province of Ontario;
and</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">(h) </TD>
    <TD>
      <P align=justify>the Subscriber is (please initial on the appropriate line
      below):</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%"  >_____</TD>
    <TD vAlign=top width="5%">(i) </TD>
    <TD>
      <P align=justify>a founder of the Issuer;</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >_____</TD>
    <TD vAlign=top width="5%">(ii) </TD>
    <TD>
      <P align=justify>an affiliate of ________________________ (name of
      person), a founder of the Issuer;</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >_____</TD>
    <TD vAlign=top width="5%">(iii) </TD>
    <TD>
      <P align=justify>a spouse, parent, brother, sister, grandparent,
      grandchild or child of _________________________ (name of person), a
      director, executive officer or founder of the Issuer; or</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >_____</TD>
    <TD vAlign=top width="5%">(iv) </TD>
    <TD>
      <P align=justify>a person that is a control person of the
  Issuer.</P></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_9></A>
<P align=center>OR </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>V. </TD>
    <TD align=left width="95%" >
      <P align=justify><B>MINIMUM AMOUNT INVESTMENT</B> </P></TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="95%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>(i) </TD>
    <TD align=left width="95%" >
      <P align=justify>the Subscriber is purchasing the Units as principal for
      its own account and not for the benefit of any other person; </P></TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="95%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>(j) </TD>
    <TD align=left width="95%" >
      <P align=justify>the Securities have an acquisition cost to the Subscriber
      of not less than $150,000, payable in cash at the Closing of the Offering;
      and </P></TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="95%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>(k) </TD>
    <TD align=left width="95%" >
      <P align=justify>the Subscriber was not created and is not being used
      solely to purchase or hold securities in reliance on the registration and
      prospectus exemptions provided under Section 2.10 of NI 45-106, it
      pre-existed the Offering and has a bona fide purpose other than investment
      in the Units. </P></TD></TR></TABLE>
<P align=justify>The above representations and warranties will be true and
correct both as of the execution of this questionnaire and as of the closing
time of the purchase and sale of the Units and acknowledges that they will
survive the completion of the issue of the Units. </P>
<P align=justify>The Subscriber acknowledges that the foregoing representations
and warranties are made by the undersigned with the intent that they be relied
upon in determining the suitability of the Subscriber as a Subscriber of the
Units and that this questionnaire is incorporated into and forms part of the
Agreement and the undersigned undertakes to immediately notify the Issuer of any
change in any statement or other information relating to the Subscriber set
forth herein which takes place prior to the closing time of the purchase and
sale of the Units. </P>
<P align=justify>By completing this questionnaire, the Subscriber authorizes the
indirect collection of this information by each applicable regulatory authority
or regulator and acknowledges that such information is made available to the
public under applicable legislation.</P>
<P align=justify>DATED as of _______ day of __________________, 2014. </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="50%">X
  </TD></TR>
  <TR vAlign=top>
    <TD align=center >&nbsp;</TD>
    <TD align=center width="50%">Signature of individual (if Subscriber </TD></TR>
  <TR vAlign=top>
    <TD align=center >&nbsp;</TD>
    <TD align=center width="50%">is an individual) </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="50%">X
  </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=center >&nbsp;</TD>
    <TD align=center width="50%">Authorized signatory (if Subscriber is </TD></TR>
  <TR vAlign=top>
    <TD align=center >&nbsp;</TD>
    <TD align=center width="50%">not an individual) </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="50%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=center >&nbsp;</TD>
    <TD align=center width="50%">Name of Subscriber (please print) </TD></TR>
  <TR>
    <TD align=center >&nbsp;</TD>
    <TD align=center width="50%">&nbsp; </TD></TR>
  <TR>
    <TD align=center >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="50%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=center >&nbsp;</TD>
    <TD align=center width="50%">Name and title of authorized signatory </TD></TR>
  <TR vAlign=top>
    <TD align=center >&nbsp;</TD>
    <TD align=center width="50%">(please print) </TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_10></A>
<P align=center><B>TERMS </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left><B>Reference date of this Subscription</B>
      <BR><B>Agreement</B> </TD>
    <TD align=left width="70%" >March 8, 2014 (the &#147;Agreement
      Date&#148;) </TD></TR></TABLE>
<P align=center><B>The Offering</B> </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left><B>The Issuer</B> </TD>
    <TD align=left width="70%" >
      <P align=justify>LEXARIA CORP. </P></TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="70%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left><B>Offering</B> </TD>
    <TD align=left width="70%" >
      <P align=justify>The offering (the &#147;Offering&#148;) consists of an aggregate of
      up to 10,600,000 units of the Issuer (the &#147;Units&#148;) </P></TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="70%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left><B>Purchased Securities</B> </TD>
    <TD align=left width="70%" >
      <P align=justify>The &#147;Purchased Securities&#148; are Units. Each Unit consists
      of one previously unissued common share, as presently constituted (a
      &#147;Share&#148;) and <B>one non-</B> <B>transferable common share purchase warrant
      </B>(each warrant, a &#147;Warrant&#148;) of the Issuer. One Warrant will entitle
      the holder, on exercise, to purchase one additional common share of the
      Issuer (a &#147;Warrant Share&#148;) at a price of <B>US$</B>0.25 per Warrant Share
      at any time until the close of business on the day which is 18 months from
      the date of issue of the Warrant. </P></TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="70%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left><B>Total amount</B> </TD>
    <TD align=left width="70%" >
      <P align=justify>Up to US $1,272,000 </P></TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="70%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left><B>Price</B> </TD>
    <TD align=left width="70%" >
      <P align=justify><B>US$0.12 per Unit</B> </P></TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="70%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left><B>Fees</B> </TD>
    <TD align=left width="70%" >
      <P align=justify>The Issuer may, in its sole discretion, pay fees
      comprised of an 8% cash commission payable either in cash or shares at the
      option of the finder, and 8% in shares for subscriptions received.
  </P></TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="70%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left><B>Warrants</B> </TD>
    <TD align=left width="70%" >
      <P align=justify>The Warrants will be issued and registered in the name of
      the purchasers or their nominees. The Warrants will be non-transferable
      subject to resale restrictions and legends. </P></TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="70%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left></TD>
    <TD align=left width="70%" >
      <P align=justify>The certificates representing the Warrants will, among
      other things, include provisions for the appropriate adjustment in the
      class, number and price of the Warrant Shares issued upon exercise of the
      Warrants upon the occurrence of certain events, including any subdivision,
      consolidation or reclassification of the Issuer&#146;s common shares, the
      payment of stock dividends and the amalgamation of the Issuer. </P></TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="70%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left></TD>
    <TD align=left width="70%" >
      <P align=justify>In the event that the Issuer&#146;s common shares, at any time
      after 6 months and 1 day have elapsed from the issuance of the Warrants,
      as listed on a Principal Canadian Market &#150; currently the Exchange under
      the symbol &#147;LXX&#148; has been at or above CDN$0.40 for a period of 20
      consecutive trading days, the Issuer may, within five (5) days thereafter
      issue to the Warrant holders a written notice advising of the accelerated
      expiry of the Warrants. Such written notice shall identify in reasonable
      detail the particulars of the acceleration event and identify the date
      (the "Warrant Accelerated Expiry Date") set for accelerated expiry, which
      in no event shall be less than 30 days after the mailing date of the
      written notice. For greater certainty, all Warrants shall expire and be of
      no further force or effect as of 4:30 pm (Pacific Time) on the Warrant
      Accelerated Expiry Date. </P></TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="70%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left><B>Selling Jurisdictions</B> </TD>
    <TD align=left width="70%" >
      <P align=justify>The Units may be sold in the provinces of Canada and in
      certain overseas jurisdictions as the Issuer may determine and in the
      United States in accordance with available exemptions (the &#147;Selling
      Jurisdictions&#148;). </P></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_11></A><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>
      <P align=justify><B>Exemptions</B> </P></TD>
    <TD align=left width="70%" >
      <P align=justify>The Offering will be made in accordance with the
      following exemptions from the prospectus requirements:
</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="35%"  >&nbsp;</TD>
    <TD vAlign=top width="5%">(a) </TD>
    <TD align=left>
      <P align=justify>the &#147;accredited investor&#148; exemption found in section 2.3
      of National Instrument 45-106 <I>Prospectus and Registration
      Exemptions</I>;</P></TD></TR>
  <TR>
    <TD width="35%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align=left>
      <P align=justify>&nbsp;</P></TD></TR>
  <TR>
    <TD width="35%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(b) </TD>
    <TD align=left>
      <P align=justify>the &#147;minimum amount investment ($150,000)&#148; exemption
      found in section 2.10 of National Instrument 45-106 <I>Prospectus and
      Registration Exemptions</I>;</P></TD></TR>
  <TR>
    <TD width="35%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align=left>
      <P align=justify>&nbsp;</P></TD></TR>
  <TR>
    <TD width="35%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(c) </TD>
    <TD align=left>
      <P align=justify>the "family, friends and business associates" or
      "founder, friends and business associates" exemptions found in sections
      2.5 to 2.7 of National Instrument 45-106 <I>Prospectus and Registration
      Exemptions;</I></P></TD></TR>
  <TR>
    <TD width="35%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align=left>
      <P align=justify>&nbsp;</P></TD></TR>
  <TR>
    <TD width="35%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(d) </TD>
    <TD align=left>
      <P align=justify>the &#147;offshore&#148; exemption found in BC Instrument 72-503
      <I>Distributions outside British Columbia</I>; and</P></TD></TR>
  <TR>
    <TD width="35%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align=left>
      <P align=justify>&nbsp;</P></TD></TR>
  <TR>
    <TD width="35%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(e) </TD>
    <TD align=left>
      <P align=justify>in the United States, Rule 506 of Regulation D and/or
      section 4(2) of the <I>United States Securities Act of 1933, </I>as
      amended.</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left><B>Resale restrictions and legends</B> </TD>
    <TD align=left width="70%" >
      <P align=justify>The Purchased Securities will be subject to a four month
      hold period that starts to run on Closing. The Purchaser acknowledges that
      the certificates representing the Purchased Securities will bear the
      following legends: </P></TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="70%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left></TD>
    <TD align=left width="70%" >
      <P align=justify>&#147;UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE
      HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE [INSERT THE
      DATE THAT IS FOUR MONTHS AND A DAY AFTER THE DISTRIBUTION DATE.]&#148;
  </P></TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="70%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left></TD>
    <TD align=left width="70%" >
      <P align=justify>"THESE SECURITIES HAVE NOT BEEN REGISTERED WITH THE
      SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY
      STATE AND HAVE BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE &#147;1933 ACT&#148;), AND,
      ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE
      REGISTRATION STATEMENT UNDER THE 1933 ACT OR PURSUANT TO AN AVAILABLE
      EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
      REQUIREMENTS OF THE 1933 ACT AND IN ACCORDANCE WITH APPLICABLE STATE
      SECURITIES LAWS." </P></TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="70%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left></TD>
    <TD align=left width="70%" >
      <P align=justify>Certificates representing Purchased Securities issued to
      Purchasers that are not U.S. Purchasers will also bear the following
      additional legend: </P></TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="70%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left></TD>
    <TD align=left width="70%" >
      <P align=justify>"THE SECURITIES REPRESENTED HEREBY HAVE BEEN OFFERED IN
      AN OFFSHORE TRANSACTION TO A PERSON WHO IS NOT A U.S. PERSON (AS DEFINED
      HEREIN) PURSUANT TO REGULATION S UNDER THE 1933 ACT." </P></TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="70%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left></TD>
    <TD align=left width="70%" >
      <P align=justify>Purchasers are advised to consult with their own legal
      counsel or advisors to determine the resale restrictions that may be
      applicable to them. </P></TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="70%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left><B>Closing Date</B> </TD>
    <TD align=left width="70%" >
      <P align=justify>Payment to the Issuer for, and delivery of, the Units is
      scheduled to occur on <B>March 21, 2014 </B>or on such other date or dates
      as may be determined by the Issuer (the &#147;Closing Date&#148;). </P></TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="70%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD align=left><B>Additional definitions</B> </TD>
    <TD align=left width="70%" >
      <P align=justify>In the Subscription Agreement, the following words have
      the following </P>
<P style="MARGIN-LEFT: 30%" align=justify>meanings unless otherwise indicated:
</P>
    </TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_12></A>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="35%"  >&nbsp;</TD>
    <TD vAlign=top width="6%">(a) </TD>
    <TD>
      <P align=justify>&#147;Purchased Securities&#148; means the Units purchased under
      this Subscription Agreement;</P></TD></TR>
  <TR>
    <TD width="35%" >&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="35%" >&nbsp;</TD>
    <TD vAlign=top width="6%">(b) </TD>
    <TD>
      <P align=justify>&#147;Securities&#148; means the Shares, the Warrants and the
      Warrant Shares;</P></TD></TR>
  <TR>
    <TD width="35%" >&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="35%" >&nbsp;</TD>
    <TD vAlign=top width="6%">(c) </TD>
    <TD>
      <P align=justify>&#147;Warrants&#148;, as defined above, includes the certificates
      representing the Warrants.</P></TD></TR></TABLE>
<P align=center><B>The Issuer </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left><B>Jurisdiction of organization</B> </TD>
    <TD align=left width="70%" >The Issuer is incorporated under
      the laws of the State of Nevada </TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="70%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>
      <P align=justify><B>Stock exchange listings</B> </P></TD>
    <TD align=left width="70%" >
      <P align=justify>The common shares of the Issuer are listed on the Canada
      Securities Exchange (the &#147;Exchange&#148;) and traded on the Over-the-Counter
      Bulletin Board. </P></TD></TR></TABLE>
<P align=center><B>End of Terms</B><B> </B></P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_13></A>
<P align=center><B>PROVISIONS APPLICABLE TO A UNITED STATES PURCHASER </B></P>
<P align=center><B>CERTIFICATION OF U.S. PURCHASER </B></P>
<P align=justify><B>NOTE: the provisions on this page are applicable ONLY if the
Purchaser is in the United States or is a &#147;U.S. person&#148; as defined in Regulation
S under the United States Securities Act of 1933, as amended. </B></P>
<P align=justify>(Capitalized terms not specifically defined in this
Certification have the meaning ascribed to them in the Subscription Agreement to
which this Schedule is attached.) </P>
<P align=justify>In connection with the execution of the Subscription Agreement
to which this Schedule is attached, the undersigned (the &#147;Purchaser&#148;) represents
and warrants to the Issuer that: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">1. </TD>
    <TD>
      <P align=justify>It has such knowledge and experience in financial and
      business matters as to be capable of evaluating the merits and risks of an
      investment in the Securities and it is able to bear the economic risk of
      loss of its entire investment.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">2. </TD>
    <TD>
      <P align=justify>The Issuer has provided to it the opportunity to ask
      questions and receive answers concerning the terms and conditions of the
      offering and it has had access to such information concerning the Issuer
      as it has considered necessary or appropriate in connection with its
      investment decision to acquire the Securities.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">3. </TD>
    <TD>
      <P align=justify>It is acquiring the Securities for its own account, for
      investment purposes only and not with a view to any resale, distribution
      or other disposition of the Securities in violation of the United States
      securities laws.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">4. </TD>
    <TD>
      <P align=justify>It understands the Securities have not been and will not
      be registered under the United States Securities Act of 1933, as amended
      (the &#147;1933 Act&#148;) or the securities laws of any state of the United States
      and that the sale contemplated hereby is being made in reliance on an
      exemption from such registration requirements.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">5. </TD>
    <TD>
      <P align=justify>If the Purchaser is an individual (that is, a natural
      person and not a corporation, partnership, trust or other entity), then it
      satisfies one or more of the categories indicated below (please place an
      &#147;X&#148; on the appropriate lines):</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD width="5%"  >&nbsp;</TD>
    <TD align=left>____________</TD>
    <TD align=left width="80%" >
      <P align=justify>A natural person whose individual net worth, or joint net
      worth with that person&#146;s spouse, at the date of this Certification exceeds
      US $1,000,000 excluding the value of such person&#146;s primary residence;
    </P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD width="80%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD align=left>____________</TD>
    <TD align=left width="80%" >
      <P align=justify>A natural person who had an individual income in excess
      of US $200,000 in each of the two most recent years or joint income with
      that person&#146;s spouse in excess of US $300,000 in each of those years and
      has a reasonable expectation of reaching the same income level in the
      current year; </P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">6. </TD>
    <TD>
      <P align=justify>If the Purchaser is a corporation, partnership, trust or
      other entity), then it satisfies one or more of the categories indicated
      below (please place an &#147;X&#148; on the appropriate
lines):</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD width="5%"  >&nbsp;</TD>
    <TD align=left>____________</TD>
    <TD align=left width="80%" >
      <P align=justify>An organization described in Section 501(c)(3) of the
      United States Internal Revenue Code, a corporation, a Massachusetts or
      similar business trust or partnership, not formed for the specific purpose
      of acquiring the Securities, with total assets in excess of US $5,000,000;
      </P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD width="80%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD align=left>____________</TD>
    <TD align=left width="80%" >
      <P align=justify>A trust that (a) has total assets in excess of US
      $5,000,000, (b) was not formed for the specific purpose of acquiring the
      Securities and (c) is directed in its purchases of securities by a person
      who has such knowledge and experience in financial and business matters
      that he/she is capable of evaluating the merits and risks of an investment
      in the Securities; </P></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_14></A>
<P align=center><B>NOTE: the provisions on this page are applicable ONLY if the
Purchaser is in the United States or is a &#147;U.S. person&#148; as defined in Regulation
S under the United States Securities Act of 1933, as amended. </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD width="5%"  >&nbsp;</TD>
    <TD align=left >____________</TD>
    <TD align=left width="80%" >
      <P align=justify>An investment company registered under the Investment
      Company Act of 1940 or a business development company as defined in
      Section 2(a)(48) of that Act; </P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD >&nbsp;</TD>
    <TD width="80%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD align=left >____________</TD>
    <TD align=left width="80%" >
      <P align=justify>A Small Business Investment Company licensed by the U.S.
      Small Business Administration under Section 301(c) or (d) of the Small
      Business Investment Act of 1958; </P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD >&nbsp;</TD>
    <TD width="80%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD align=left >____________</TD>
    <TD align=left width="80%" >
      <P align=justify>A private business development company as defined in
      Section 202(a)(22) of the Investment Advisors Act of 1940; or </P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD >&nbsp;</TD>
    <TD width="80%" >&nbsp;    </TD>
  </TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD align=left >____________</TD>
    <TD align=left width="80%" >
      <P align=justify>An entity in which all of the equity owners satisfy the
      requirements of one or more of the foregoing categories.
</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">7. </TD>
    <TD colSpan=2>
      <P align=justify>It has not purchased the Securities as a result of any
      form of general solicitation or general advertising, including
      advertisements, articles, notices or other communications published in any
      newspaper, magazine or similar media or broadcast over radio, internet,
      television or other form of telecommunications, or any seminar or meeting
      whose attendees have been invited by general solicitation or general
      advertising.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">8. </TD>
    <TD colSpan=2>
      <P align=justify>If it decides to offer, sell or otherwise transfer any of
      the Securities, it will not offer, sell or otherwise transfer any of such
      Securities directly or indirectly, unless:</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD vAlign=top width="5%">(a) </TD>
    <TD>
      <P align=justify>the sale is to the Issuer;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD vAlign=top width="5%">(b) </TD>
    <TD>
      <P align=justify>the sale is made outside the United States in a
      transaction meeting the requirements of Rule 904 of Regulation S under the
      1933 Act and in compliance with applicable local laws and
    regulations;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD vAlign=top width="5%">(c) </TD>
    <TD>
      <P align=justify>the sale is made pursuant to the exemption from the
      registration requirements under the 1933 Act provided by Rule 144
      thereunder and in accordance with any applicable state securities or &#147;blue
      sky&#148; laws; or</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD vAlign=top width="5%">(d) </TD>
    <TD>
      <P align=justify>the Securities are sold in a transaction that does not
      require registration under the 1933 Act or any applicable state laws and
      regulations governing the offer and sale of securities; and</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD vAlign=top width="5%">(e) </TD>
    <TD>
      <P align=justify>it has prior to such sale pursuant to subsection (c) or
      (d) furnished to the Issuer an opinion of counsel reasonably satisfactory
      to the Issuer.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  <TR>
    <TD vAlign=top width="5%">9. </TD>
    <TD colSpan=2>
      <P align=justify>The certificates representing the Securities (and any
      certificates issued in exchange or substitution for the Securities) will
      bear a legend in substantially the form as
follows:</P></TD></TR></TABLE>
<P style="MARGIN-LEFT: 10%" align=justify>&#147;THE SECURITIES REPRESENTED HEREBY
HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED (THE &#147;U.S. SECURITIES ACT&#148;). THE HOLDER HEREOF, BY PURCHASING SUCH
SECURITIES, AGREES FOR THE BENEFIT OF THE COMPANY THAT SUCH SECURITIES MAY BE
OFFERED, SOLD OR OTHERWISE TRANSFERRED ONLY (A) TO THE COMPANY; (B) OUTSIDE THE
UNITED STATES IN ACCORDANCE WITH RULE 904 OF REGULATION S UNDER THE U.S.
SECURITIES ACT OR (C) IN ACCORDANCE WITH THE EXEMPTION FROM REGISTRATION UNDER
THE U.S. SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER, IF AVAILABLE, AND IN
COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES LAWS; OR (D) IN A TRANSACTION
THAT DOES NOT REQUIRE REGISTRATION UNDER THE U.S. SECURITIES ACT OR ANY
APPLICABLE STATE SECURITIES LAWS, AND, IN THE CASE OF PARAGRAPH (C) OR (D), THE
SELLER FURNISHES TO THE CORPORATION AN OPINION OF COUNSEL OF RECOGNIZED STANDING
IN FORM AND SUBSTANCE SATISFACTORY TO THE CORPORATION TO SUCH EFFECT. DELIVERY
OF THIS CERTIFICATE MAY NOT CONSTITUTE GOOD DELIVERY IN SETTLEMENT OF
TRANSACTIONS ON STOCK EXCHANGES IN CANADA.&#148; </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_15></A>
<P align=center><B>Subscription Agreement (with related appendices,
acknowledgements, provisions and forms) Page 15 of 27 pages NOTE: the provisions
on this page are applicable ONLY if the Purchaser is in the United States or is
a &#147;U.S. person&#148; as defined in Regulation S under the United States Securities
Act of 1933, as amended. </B></P>
<P align=justify>Delivery of certificates bearing such a legend may not
constitute &#147;good delivery&#148; in settlement of transactions on Canadian stock
exchanges or over-the-counter markets. If the Issuer is a &#147;foreign issuer&#148; with
no &#147;substantial U.S. market interest&#148; (all within the meaning of Regulation S
under the 1933 Act) at the time of sale, a new certificate, which will
constitute &#147;good delivery&#148;, will be made available to the Purchaser upon
provision by the Purchaser of a declaration in the form attached as Appendix &#147;A&#148;
together with such other evidence of the availability of an exemption as the
Issuer or its transfer agent may reasonably require. </P>
<P align=justify>Certificates representing Warrants, and all certificates issued
in exchange therefore or in substitution thereof, shall bear the following
legend in substantially the following form: </P>
<P style="MARGIN-LEFT: 10%" align=justify>&#147;THIS WARRANT AND THE SECURITIES
DELIVERABLE UPON EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED (THE &#147;U.S. SECURITIES ACT&#148;), OR THE
SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. THIS WARRANT MAY NOT BE
EXERCISED BY OR ON BEHALF OF A &#147;U.S. PERSON&#148; OR A PERSON IN THE UNITED STATES
UNLESS THE WARRANT AND THE UNDERLYING SECURITIES HAVE BEEN REGISTERED UNDER THE
U.S. SECURITIES ACT AND THE APPLICABLE SECURITIES LEGISLATION OF ANY SUCH STATE
OR AN EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS IS AVAILABLE. &#147;UNITED
STATES&#148; AND &#147;U.S. PERSON&#148; ARE AS DEFINED BY REGULATION S UNDER THE U.S.
SECURITIES ACT.&#148; </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">10. </TD>
    <TD>
      <P align=justify>It understands and agrees that there may be material tax
      consequences to the Purchaser of an acquisition or disposition of the
      Securities. The Issuer gives no opinion and makes no representation with
      respect to the tax consequences to the Purchaser under United States,
      state, local or foreign tax law of the undersigned&#146;s acquisition or
      disposition of such Securities, in particular, no determination has been
      made whether the Issuer will be a &#147;passive Foreign investment company&#148;
      (&#147;PFIC&#148;) within the meaning of Section 1291 of the United States Internal
      Revenue Code.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">11. </TD>
    <TD>
      <P align=justify>It understands and agrees that the financial statements
      of the Issuer have been prepared in accordance with Canadian generally
      accepted accounting principles, which differ in some respects from United
      States generally accepted accounting principles, and thus may not be
      comparable to financial statements of United States companies.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">12. </TD>
    <TD>
      <P align=justify>It consents to the Issuer making a notation on its
      records or giving instructions to any transfer agent of the Issuer in
      order to implement the restrictions on transfer set forth and described in
      this Certification and the Subscription Agreement.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">13. </TD>
    <TD>
      <P align=justify>It is resident in the United States of America, its
      territories and possessions or any state of the United States or the
      District of Columbia (collectively the &#147;United States&#148;), a &#147;U.S. Person&#148;
      as such term is defined in Regulation S of the 1933 Act or was in the
      United States at the time the securities were offered or the Subscription
      Agreement was executed.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">14. </TD>
    <TD>
      <P align=justify>It understands that the Securities are &#147;restricted
      securities&#148; under applicable federal securities laws and that the 1933 Act
      and the rules of the SEC provide in substance that the Purchaser may
      dispose of the Securities only pursuant to an effective registration
      statement under the 1933 Act or an exemption therefrom, and, other than as
      set out herein, the Purchaser understands that the Issuer has no
      obligation to register any of the Securities or to take action so as to
      permit sales pursuant to the 1933 Act (including Rule 144 thereunder).
      Accordingly, the Purchaser understands that absent registration, under the
      rules of the SEC, the Purchaser may be required to hold the Securities
      indefinitely or to transfer the Securities in &#147;private placements&#148; which
      are exempt from registration under the 1933 Act, in which event the
      transferee will acquire &#147;restricted securities&#148; subject to the same
      limitations as in the hands of the Purchaser. As a consequence, the
      Purchaser understands that it must bear the economic risks of the
      investment in the Securities for an indefinite period of
  time.</P></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_16></A>
<P align=center><B>NOTE: the provisions on this page are applicable ONLY if the
Purchaser is in the United States or is a &#147;U.S. person&#148; as defined in Regulation
S under the United States Securities Act of 1933, as amended. </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">15. </TD>
    <TD>
      <P align=justify>It has no intention to distribute, and shall not
      transfer, either directly or indirectly any of the Securities to any
      person within the United States or to U.S. persons, as defined in
      Regulations S (a &#147;US Person&#148;) except pursuant to an effective registration
      statement under the 1933 Act, or an exemption therefrom.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">16. </TD>
    <TD>
      <P align=justify>It has no intention to distribute, and shall not
      transfer, either directly or indirectly any of the Securities to any
      person within the United States or to U.S. persons, as defined in
      Regulations S (a &#147;US Person&#148;) except pursuant to an effective registration
      statement under the 1933 Act, or an exemption
therefrom.</P></TD></TR></TABLE>
<P align=justify>The statements made in this Certification are true and accurate
to the best of my information and belief and I will promptly notify the Issuer
of any changes in the answers. </P>
<P align=center><B>ONLY U.S. PURCHASERS NEED COMPLETE AND SIGN</B> </P>
<P align=justify>Dated _____________________________, 2014 </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      width="50%"><B>X</B> </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">Signature of individual (if Purchaser <B>is
      </B>an individual) </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
      width="50%"><B>X</B> </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">Authorized signatory (if Purchaser is <B>not
      </B>an individual) </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="50%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">Name of Purchaser (<B>please print</B>) </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="50%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">Name of authorized signatory (<B>please
      print</B>) </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" width="50%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">Official capacity of authorized signatory
      (<B>please print</B>) </TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_17></A>
<P align=center><B>APPENDIX &#147;A&#148; </B></P>
<P align=center><B>Declaration for removal of legend (To Be Completed at Time of
FUTURE Legend Removal) </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>TO: </TD>
    <TD align=left width="90%" ><B>Olympia Trust Company </B>as
      registrar and transfer agent for the common shares of <B>LEXARIA CORP.</B>
      (the &#147;Company&#148;). </TD></TR></TABLE>
<P align=justify>The undersigned (A) acknowledges that the sale of the common
shares represented by certificate number _______________ , to which this
declaration relates, is being made in reliance on Rule 904 of Regulation S under
the United States Securities Act of 1933, as amended (the &#147;1933 Act&#148;), and (B)
certifies that (1) the undersigned is not an &#147;affiliate&#148; (as defined in Rule 405
under the 1933 Act) of the Company; (2) the offer of such securities was not
made to a person in the United States and either (a) at the time the buy order
was originated, the buyer was outside the United States, or the seller and any
person acting on its behalf reasonably believe that the buyer was outside the
United States, or (b) the transaction was executed on or through the facilities
of a designated offshore securities market within the meaning of Rule 902(b)
under the 1933 Act, and neither the seller nor any person acting on its behalf
knows that the transaction has been prearranged with a buyer in the United
States; (3) neither the seller nor any person acting on its behalf engaged in
any directed selling efforts in connection with the offer and sale of such
securities; and (4) the sale is bona fide and not for the purpose of &#147;washing
off&#148; the resale restrictions imposed because the securities are &#147;restricted
securities&#148; (as that term is defined in Rule 144(a)(3) under the 1933 Act); (5)
the seller does not intend to replace such securities with fungible unrestricted
securities; and (6) the contemplated sale is not a transaction, or part of a
series of transactions, which, although in technical compliance with Regulation
S, is part of a plan or scheme to evade the registration provisions of the 1933
Act. Terms used herein have the meanings given to them by Regulation S under the
1933 Act. </P>
<P align=justify>By: __________________________________&nbsp;&nbsp; Dated:
____________________________</P>
<P align=justify>Signature </P>
<P align=justify>Name (please print) </P>
<P align=center><B>Affirmation by Seller&#146;s Broker-Dealer </B></P>
<P align=justify>We have read the foregoing representations of our customer,
_________________________ (the &#147;Seller&#148;) dated _______________________, with
regard to the sale, for such Seller&#146;s account, of the common shares represented
by certificate number ______________ of the Company described therein, and we
hereby affirm that, to the best of our knowledge and belief, the facts set forth
therein are full, true and correct. </P>
<P align=justify>__________________________________________<BR>Name of Firm </P>
<P align=justify>By: _______________________________________</P>
<P align=justify>Authorized officer </P>
<P align=justify>Date: _____________________________________<BR></P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_18></A>
<P align=center><B>GENERAL PROVISIONS </B></P>
<P
align=justify><STRONG>1&nbsp;</STRONG>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<STRONG>DEFINITIONS </STRONG></P>
<P align=justify>1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the
Subscription Agreement (including the first (cover) page, the Terms on pages 10
to 12, the General Provisions on pages 18 to 26 and the other appendices,
acknowledgements, provisions and forms incorporated by reference), the following
words have the following meanings unless otherwise indicated: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(a) </TD>
    <TD>
      <P align=justify>&#147;1933 Act&#148; means the United States <I>Securities Act
      </I>of 1933, as amended;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD vAlign=top width="5%">(b) </TD>
    <TD>
      <P align=justify>&#147;Applicable Legislation&#148; means, as applicable, the
      securities laws, regulations, rules, rulings and orders in the Selling
      Jurisdictions in Canada and in jurisdictions where the Issuer is a
      reporting issuer and all applicable administrative policy statements
      issued by the securities regulatory authorities in each of the Selling
      Jurisdictions in Canada and in jurisdictions where the Issuer is a
      reporting issuer together with the applicable rules and policies of the
      Exchange;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD vAlign=top width="5%">(c) </TD>
    <TD>
      <P align=justify>&#147;Closing&#148; means the completion of the sale and purchase
      of the Purchased Securities;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD vAlign=top width="5%">(d) </TD>
    <TD>
      <P align=justify>&#147;Closing Date&#148; has the meaning assigned in the
    Terms;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD vAlign=top width="5%">(e) </TD>
    <TD>
      <P align=justify>&#147;Commissions&#148; means the securities regulatory authorities
      in each of the Selling Jurisdictions in Canada and in jurisdictions where
      the Issuer is a reporting issuer;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD vAlign=top width="5%">(f) </TD>
    <TD>
      <P align=justify>&#147;Exchange&#148; has the meaning assigned in the
  Terms;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD vAlign=top width="5%">(g) </TD>
    <TD>
      <P align=justify>&#147;Final Closing&#148; means the last closing under the Private
      Placement;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD vAlign=top width="5%">(h) </TD>
    <TD>
      <P align=justify>&#147;General Provisions&#148; means those portions of the
      Subscription Agreement headed &#147;General Provisions&#148; and contained on pages
      18 to 26;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD vAlign=top width="5%">(i) </TD>
    <TD>
      <P align=justify>&#147;Personal Information&#148; means any information about an
      identifiable individual, and includes information provided by the
      Purchaser in this Subscription Agreement;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD vAlign=top width="5%">(j) </TD>
    <TD>
      <P align=justify>&#147;Private Placement&#148; means the offering of the Purchased
      Securities on the terms and conditions of the Agency Agreement and this
      Subscription Agreement;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD vAlign=top width="5%">(k) </TD>
    <TD>
      <P align=justify>&#147;Purchased Securities&#148; has the meaning assigned in the
      Terms;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD vAlign=top width="5%">(l) </TD>
    <TD>
      <P align=justify>&#147;Regulation S&#148; means Regulation S promulgated under the
      1933 Act;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD vAlign=top width="5%">(m) </TD>
    <TD>
      <P align=justify>&#147;Regulatory Authorities&#148; means the Commissions and the
      Exchange;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD vAlign=top width="5%">(n) </TD>
    <TD>
      <P align=justify>&#147;Securities&#148; has the meaning assigned in the
  Terms;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD vAlign=top width="5%">(o) </TD>
    <TD>
      <P align=justify>&#147;Selling Jurisdictions&#148; has the meaning assigned in the
      Terms;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD vAlign=top width="5%">(p) </TD>
    <TD>
      <P align=justify>&#147;Subscription Agreement&#148; means the first (cover) page,
      the Terms on pages 10 to 12, the General Provisions on pages 18 to 26 and
      the other appendices, acknowledgements, provisions and forms incorporated
      by reference;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD vAlign=top width="5%">(q) </TD>
    <TD>
      <P align=justify>&#147;Terms&#148; means those portions of the Subscription
      Agreement headed &#147;Terms&#148; and contained on pages 10 to 12;
  and</P></TD></TR></TABLE>
<P align=justify>1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In the
Subscription Agreement, the following terms have the meanings defined in
Regulation S: &#147;U.S. Person&#148; and &#147;United States&#148;. </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_19></A>
<P align=justify>1.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In the
Subscription Agreement, unless otherwise specified, currencies are indicated in
Canadian dollars. </P>
<P align=justify>1.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the
Subscription Agreement, other words and phrases that are capitalized have the
meaning assigned in the Subscription Agreement. </P>
<P
align=justify><STRONG>2</STRONG>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<STRONG>&nbsp;REPRESENTATIONS AND WARRANTIES OF THE PURCHASER </STRONG></P>
<P align=justify>2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acknowledgements
concerning the Private Placement </P>
<P align=justify>The Purchaser acknowledges that: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%"  >&nbsp;</TD>
    <TD vAlign=top width="5%">(a) </TD>
    <TD colSpan=2>
      <P align=justify>no securities commission or similar regulatory authority
      has reviewed or passed on the merits of the Securities;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(b) </TD>
    <TD colSpan=2>
      <P align=justify>there is no government or other insurance covering the
      Securities;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(c) </TD>
    <TD colSpan=2>
      <P align=justify>there are risks associated with the purchase of the
      Securities and the Purchaser is knowledgeable or experienced in business
      and financial matters and is capable of evaluating the merits and risks of
      an investment in the Purchased Securities and is capable of bearing the
      economic risk of the investments;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(d) </TD>
    <TD colSpan=2>
      <P align=justify>there are restrictions on the Purchaser&#146;s ability to
      resell the Securities and it is the responsibility of the Purchaser to
      find out what those restrictions are and to comply with them before
      selling the Securities;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(e) </TD>
    <TD colSpan=2>
      <P align=justify>the Issuer has advised the Purchaser that the Issuer is
      relying on an exemption from the requirements to provide the Purchaser
      with a prospectus and to sell securities through a person registered to
      sell securities under the Applicable Legislation and, as a consequence of
      acquiring securities pursuant to this exemption, certain protections,
      rights and remedies provided by the Applicable Legislation, including, in
      most circumstances, statutory rights of rescission or damages, will not be
      available to the Purchaser;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(f) </TD>
    <TD colSpan=2>
      <P align=justify>no prospectus has been or is intended to be filed by the
      Issuer with the Commissions in connection with the issuance of the
      Purchased Securities, the issuance is intended to be exempted from the
      prospectus and registration requirements of the Applicable Legislation and
      as a consequence of acquiring the Purchased Securities pursuant to these
      exemptions:</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD vAlign=top align=left width="5%">(i) </TD>
    <TD>
      <P align=justify>the Purchaser is restricted from using most of the civil
      remedies available under the Applicable Legislation;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD vAlign=top align=left width="5%">(ii) </TD>
    <TD>
      <P align=justify>the Purchaser may not receive information that would
      otherwise be required to be provided to the Purchaser under the Applicable
      Legislation; and</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD vAlign=top align=left width="5%">(iii) </TD>
    <TD>
      <P align=justify>the Issuer is relieved from certain obligations that
      would otherwise apply under the Applicable
Legislation;</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%"  >&nbsp;</TD>
    <TD vAlign=top width="5%">(g) </TD>
    <TD>
      <P align=justify>the Securities have not been registered under the 1933
      Act and may not be offered or sold in the United States unless registered
      under the 1933 Act and the securities laws of all applicable states of the
      United States or an exemption from such registration requirements is
      available, and the Issuer has no obligation or present intention of filing
      a registration statement under the 1933 Act in respect of the Purchased
      Securities or any of the Securities; and</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(h) </TD>
    <TD>
      <P align=justify>the Purchaser acknowledges that the Issuer&#146;s counsel is
      acting as counsel to the Issuer and not as counsel to the
  Purchaser.</P></TD></TR></TABLE>
<P align=justify>2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Representations
by all Purchasers </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_20></A>
<P align=justify>The Purchaser represents and warrants to the Issuer that, as at
the Agreement Date and as at the Closing Date: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%"  >&nbsp;</TD>
    <TD vAlign=top width="5%">(a) </TD>
    <TD colSpan=3>
      <P align=justify>the Purchaser complies with one of the
  following:</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD vAlign=top align=left width="5%">(i) </TD>
    <TD colSpan=2>
      <P align=justify>the Purchaser is purchasing as principal or is deemed to
      be purchasing as principal in accordance with Applicable Legislation and
      meets the definition of &#147;accredited investor&#148; as such term is defined
      under National Instrument 45-106 <I>Prospectus and Registration Exemptions
      </I>and has completed and signed the Accredited Investor Form which begins
      on page 9; or</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD vAlign=top align=left width="5%">(ii) </TD>
    <TD colSpan=2>
      <P align=justify>the Purchaser is purchasing as principal and has
      purchased that number of Purchased Securities having an acquisition cost
      to the Purchaser of not less than $150,000 to be paid in cash on the
      Closing Date<B>; </B>or</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD vAlign=top align=left width="5%">(iii) </TD>
    <TD colSpan=2>
      <P align=justify>the Subscriber is one of the following:</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD vAlign=top width="5%">(A) </TD>
    <TD>
      <P align=justify>employee, executive officer, director or consultant of
      the Issuer or a related entity of the Issuer, or a permitted assign of any
      such person, if participation in the trade is voluntary (for the purpose
      of this provision, a person includes a trustee, custodian or administrator
      acting as agent for that person for the purpose of facilitating a
      trade);</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD vAlign=top width="5%">(B) </TD>
    <TD>
      <P align=justify>in Ontario, a founder of the Issuer; an affiliate of a
      founder of the Issuer; a spouse, parent, brother, sister, grandparent,
      grandchild or child of an executive officer, director or founder of the
      Issuer, or a person that is a control person of the Issuer;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD vAlign=top width="5%">(C) </TD>
    <TD>
      <P align=justify>except in Ontario, a director, executive officer or
      control person of the Issuer, or of an affiliate of the Issuer;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD vAlign=top width="5%">(D) </TD>
    <TD>
      <P align=justify>except in Ontario, a spouse, parent, grandparent,
      brother, sister, child or grandchild of a director, executive officer or
      control person of the Issuer, or of an affiliate of the Issuer;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD vAlign=top width="5%">(E) </TD>
    <TD>
      <P align=justify>except in Ontario, a parent, grandparent, brother,
      sister, child or grandchild of the spouse of a director, executive officer
      or control person of the Issuer, or of an affiliate of the
  Issuer;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD vAlign=top width="5%">(F) </TD>
    <TD>
      <P align=justify>except in Ontario, a close personal friend (by reason of
      the fact that you have known such individual for a sufficient period of
      time and in a sufficiently close relationship to be in a position to
      assess the capabilities and the trustworthiness of such individual) of a
      director, executive officer or control person of the Issuer, or of an
      affiliate of the Issuer;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD vAlign=top width="5%">(G) </TD>
    <TD>
      <P align=justify>except in Ontario, a close business associate (by reason
      of the fact that you have had sufficient prior business dealings with such
      individual to be in a position to assess the capabilities and
      trustworthiness of such individual) of a director, executive officer or
      control person of the Issuer, or of an affiliate of the Issuer;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD vAlign=top width="5%">(H) </TD>
    <TD>
      <P align=justify>except in Ontario, a founder of the Issuer or a spouse,
      parent, grandparent, brother, sister, child, grandchild, close personal
      friend or close business associate of a founder of the Issuer;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD vAlign=top width="5%">(I) </TD>
    <TD>
      <P align=justify>except in Ontario, a parent, grandparent, brother,
      sister, child or grandchild of the spouse of a founder of the
    Issuer;</P></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_21></A><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="15%"  >&nbsp;</TD>
    <TD vAlign=top width="5%">(J) </TD>
    <TD>
      <P align=justify>except in Ontario, a person or Corporation of which a
      majority of the voting securities are beneficially owned by, or a majority
      of the directors are, persons or companies described in subsections B. to
      I. above; or</P></TD></TR>
  <TR>
    <TD width="15%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="15%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(K) </TD>
    <TD>
      <P align=justify>except in Ontario, a trust or estate of which all of the
      beneficiaries or a majority of the trustees are persons or companies
      described in subsections B. to I. above;</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%"  >&nbsp;</TD>
    <TD vAlign=top width="5%">(b) </TD>
    <TD colSpan=2>
      <P align=justify>the Purchaser is not a person created or used solely to
      purchase or hold securities in order to comply with an exemption from the
      prospectus requirements of Applicable Legislation and if the Purchaser is
      not an individual, it pre-existed the Offering and has a bona fide purpose
      other than investment in the Purchased Securities;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(c) </TD>
    <TD colSpan=2>
      <P align=justify>in the case of the purchase by the Purchaser of the
      Purchased Securities as agent or trustee for any principal, the Purchaser
      is the duly authorized trustee or agent of such beneficial purchaser with
      due and proper power and authority to execute and deliver, on behalf of
      each such beneficial purchaser, this Subscription Agreement and all other
      documentation in connection with the purchase of the Purchased Securities
      hereunder, to agree to the terms and conditions herein and therein set out
      and to make the representations, warranties, acknowledgements and
      covenants herein and therein contained, all as if each such beneficial
      purchaser were the Purchaser and is subscribing as principal for its own
      account and not for the benefit of any other person for investment only
      and not for resale and the Purchaser&#146;s actions as trustee or agent are in
      compliance with applicable law and the Purchaser and each beneficial
      purchaser acknowledges that the Issuer may be required by law to disclose
      to certain regulatory authorities the identity of each beneficial
      purchaser of Purchased Securities for whom it may be acting;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(d) </TD>
    <TD colSpan=2>
      <P align=justify>the Purchaser and any beneficial purchaser for whom it is
      acting is resident in the jurisdiction set out on the execution page of
      this Subscription Agreement, such address was not created and is not used
      solely for the purpose of acquiring the Purchased Securities and the
      Purchaser was solicited to purchase in such jurisdiction;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(e) </TD>
    <TD colSpan=2>
      <P align=justify>the Purchaser has properly completed, executed and
      delivered the applicable form(s) set forth on the cover page of this
      Agreement and such forms contain information about the Purchaser that is
      true and accurate as of the date of signing and will be true and correct
      as at the Closing Date;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(f) </TD>
    <TD colSpan=2>
      <P align=justify>the Purchaser has not received, nor has the Purchaser
      requested, nor does the Purchaser have any need to receive, any document
      describing the business and affairs of the Issuer in order to assist the
      Purchaser in making an investment decision in respect of the Purchased
      Securities and the Purchaser has not become aware of any advertisement in
      printed media of general and regular paid circulation, radio or television
      with respect to the distribution of the Purchased Securities;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(g) </TD>
    <TD colSpan=2>
      <P align=justify>no person has made to the Purchaser any written or oral
      representations:</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD vAlign=top align=left width="5%">(i) </TD>
    <TD>
      <P align=justify>that any person will resell or repurchase the
      Securities;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD vAlign=top align=left width="5%">(ii) </TD>
    <TD>
      <P align=justify>that any person will refund the purchase price of the
      Purchased Securities;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD vAlign=top align=left width="5%">(iii) </TD>
    <TD>
      <P align=justify>as to the future price or value of any of the Securities;
      or</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD vAlign=top align=left width="5%">(iv) </TD>
    <TD>
      <P align=justify>that any of the Securities will be listed and posted for
      trading on a stock exchange or that application has been made to list and
      post any of the Securities for trading on any stock exchange other than
      the Shares and Warrant Shares on the Exchange;</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%"  >&nbsp;</TD>
    <TD vAlign=top width="5%">(h) </TD>
    <TD colSpan=2>
      <P align=justify>if the Purchaser is:</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD vAlign=top width="5%">(i) </TD>
    <TD>
      <P align=justify>a corporation, the Purchaser is duly incorporated and is
      validly subsisting under the laws of its jurisdiction of incorporation and
      has all requisite legal and corporate power and authority to execute and
      deliver this Subscription Agreement, to subscribe for
the Purchased Securities as contemplated herein and to carry
      out and perform its covenants and obligations under the terms of this
      Subscription Agreement and the entering into of this Subscription
      Agreement and the transactions contemplated hereby will not result in the
      violation of any of the terms and provisions of any law applicable to, or
      the constating documents of, the Purchaser or of any agreement, written or
      oral, to which the Purchaser may be a party or by which the Purchaser is
      or may be bound;</P></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_22></A><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="10%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(ii) </TD>
    <TD>
      <P align=justify>a partnership, syndicate or other form of unincorporated
      organization, the Purchaser has the necessary legal capacity and authority
      to execute and deliver this Subscription Agreement and to observe and
      perform its covenants and obligations hereunder and has obtained all
      necessary approvals in respect thereof; or</P></TD></TR>
  <TR>
    <TD width="10%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="10%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(iii) </TD>
    <TD>
      <P align=justify>an individual, the Purchaser has the legal capacity and
      competence to enter into and to execute this Subscription Agreement and to
      observe and perform his or her covenants and obligations
  hereunder;</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%"  >&nbsp;</TD>
    <TD vAlign=top width="5%">(i) </TD>
    <TD colSpan=2>
      <P align=justify>this subscription has not been solicited in any other
      manner contrary to the Applicable Legislation or the 1933 Act;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(j) </TD>
    <TD colSpan=2>
      <P align=justify>the Purchaser has been advised to consult its own legal
      and tax advisors with respect to applicable resale restrictions and tax
      considerations, and it is solely responsible for compliance with
      applicable resale restrictions and applicable tax legislation;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(k) </TD>
    <TD colSpan=2>
      <P align=justify>the Purchaser has no knowledge of a &#147;material fact&#148; or
      &#147;material change&#148; (as those terms are defined in the Applicable
      Legislation) in the affairs of the Issuer that has not been generally
      disclosed to the public, except knowledge of this particular
      transaction;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(l) </TD>
    <TD colSpan=2>
      <P align=justify>the offer made by this subscription is irrevocable
      (subject to the Purchaser&#146;s right to withdraw the subscription and to
      terminate the obligations as set out in this Subscription Agreement) and
      requires acceptance by the Issuer and approval of the Exchange;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(m) </TD>
    <TD colSpan=2>
      <P align=justify>the Purchaser is not a &#147;control person&#148; of the Issuer as
      defined in the Applicable Legislation, will not become a &#147;control person&#148;
      by virtue of this subscription for the Securities and does not intend to
      act in concert with any other person to form a control group of the
      Issuer;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(n) </TD>
    <TD colSpan=2>
      <P align=justify>unless the Purchaser has executed the &#147;Certification of
      U.S. Purchaser&#148; that begins on page 13:</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD vAlign=top align=left width="5%">(i) </TD>
    <TD>
      <P align=justify>the offer was not made to the Purchaser when the
      Purchaser was in the United States and, at the time the Purchaser&#146;s buy
      order was made, the Purchaser was outside the United States;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD vAlign=top align=left width="5%">(ii) </TD>
    <TD>
      <P align=justify>the current structure of this transaction and all
      transactions and activities contemplated hereunder is not a scheme to
      avoid the registration requirements of the 1933 Act;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD vAlign=top align=left width="5%">(iii) </TD>
    <TD>
      <P align=justify>the Purchaser has no intention to distribute either
      directly or indirectly any of the Securities in the United States, except
      in compliance with the 1933 Act;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD vAlign=top align=left width="5%">(iv) </TD>
    <TD>
      <P align=justify>the Purchaser is not a U.S. Person; and</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD vAlign=top align=left width="5%">(v) </TD>
    <TD>
      <P align=justify>the Purchaser is not and will not be purchasing Purchased
      Securities for the account or benefit of any U.S.
Person;</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%"  >&nbsp;</TD>
    <TD vAlign=top width="5%">(o) </TD>
    <TD>
      <P align=justify>if the Purchaser is a resident of an International
      Jurisdiction (which is defined herein to mean a country other than Canada
      or the United States), then the Purchaser on its own behalf and, if
      applicable on behalf of others for whom it is hereby acting
  that:</P></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_23></A><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="10%"  >&nbsp;</TD>
    <TD vAlign=top align=left width="5%">(i) </TD>
    <TD>
      <P align=justify>the Purchaser is knowledgeable of, or has been
      independently advised as to, the International Securities Laws (which is
      defined herein to mean, in respect of each and every offer or sale of
      Purchased Securities, any securities laws having application to the
      Purchaser and the Private Placement other than the laws of Canada and the
      United States and all regulatory notices, orders, rules, regulations,
      policies and other instruments incidental thereto) which would apply to
      this subscription, if any;</P></TD></TR>
  <TR>
    <TD width="10%" >&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="10%" >&nbsp;</TD>
    <TD vAlign=top align=left width="5%">(ii) </TD>
    <TD>
      <P align=justify>the Purchaser is purchasing the Purchased Securities
      pursuant to an applicable exemption from any prospectus, registration or
      similar requirements under the International Securities Laws of that
      International Jurisdiction, or, if such is not applicable, the Purchaser
      is permitted to purchase the Purchased Securities under the International
      Securities Laws of the International Jurisdiction without the need to rely
      on exemptions;</P></TD></TR>
  <TR>
    <TD width="10%" >&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="10%" >&nbsp;</TD>
    <TD vAlign=top align=left width="5%">(iii) </TD>
    <TD>
      <P align=justify>the subscription by the Purchaser does not contravene any
      of the International Securities Laws applicable to the Purchaser and the
      Issuer and does not give rise to any obligation of the Issuer to prepare
      and file a prospectus or similar document or to register the Securities or
      to be registered with any governmental or regulatory authority;</P></TD></TR>
  <TR>
    <TD width="10%" >&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="10%" >&nbsp;</TD>
    <TD vAlign=top align=left width="5%">(iv) </TD>
    <TD>
      <P align=justify>the International Securities Laws do not require the
      Issuer to make any filings or seek any approvals of any kind whatsoever
      from any regulatory authority of any kind whatsoever in the International
      Jurisdiction; and</P></TD></TR>
  <TR>
    <TD width="10%" >&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="10%" >&nbsp;</TD>
    <TD vAlign=top align=left width="5%">(v) </TD>
    <TD>
      <P align=justify>the Securities are being acquired for investment purposes
      only and not with a view to resale and distribution, and the distribution
      of the Securities to the Purchaser by the Issuer complies with all
      International Securities Laws;</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%"  >&nbsp;</TD>
    <TD vAlign=top width="5%">(p) </TD>
    <TD>
      <P align=justify>this Subscription Agreement has been duly executed and
      delivered by the Purchaser and constitutes a legal, valid and binding
      agreement of the Purchaser enforceable against the Purchaser;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(q) </TD>
    <TD>
      <P align=justify>the Purchaser has been independently advised as to the
      applicable hold period imposed in respect of the Securities by securities
      legislation in the jurisdiction in which the Purchaser resides and
      confirms that no representation has been made respecting the applicable
      hold periods for the Securities and acknowledges that the hold period
      indicated in the Terms does not constitute such representation and is
      aware of the risks and other characteristics of the Securities and of the
      fact that the Purchaser may not be able to resell the Securities except in
      accordance with the applicable securities legislation and regulatory
      policies;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(r) </TD>
    <TD>
      <P align=justify>the Purchaser is capable of assessing the proposed
      investment as a result of the Purchaser&#146;s financial and business
      experience or as a result of advice received from a registered person
      other than the Issuer or any affiliates of the Issuer;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(s) </TD>
    <TD>
      <P align=justify>if required by applicable securities legislation, policy
      or order or by any securities commission, stock exchange or other
      regulatory authority, the Purchaser will execute, deliver, file and
      otherwise assist the Issuer in filing, such reports, undertakings and
      other documents with respect to the issuance of the Securities as may be
      required; and</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(t) </TD>
    <TD>
      <P align=justify>the funds representing the aggregate subscription price
      for the Purchased Securities which will be advanced by the Purchaser
      hereunder will not represent proceeds of crime for the purposes of
    the</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%"></TD>
    <TD>
      <P align=justify><I>Proceeds of Crime (Money Laundering) and Terrorist
      Financing Act </I>(Canada) and the Purchaser acknowledges that the Issuer
      may in the future be required by law to disclose the Purchaser&#146;s name and
      other information relating to this Subscription Agreement and the
      Purchaser&#146;s subscription hereunder, on a confidential basis, pursuant to
      such Act. To the best of its knowledge: (a) none of the subscription funds
      to be provided by the Purchaser (i) have been or will be derived from or
      related to any activity that is deemed criminal under the law of Canada,
      the United States, or any other jurisdiction, or (ii) are being tendered
      on behalf of a person or entity who has not been identified to the
      Purchaser; and (b) the Purchaser shall promptly notify
  the</P></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_24></A>
<P align=justify>Issuer if the Purchaser discovers that any of such
representations ceases to be true, and to provide the Issuer with appropriate
information in connection therewith. </P>
<P align=justify>2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reliance,
indemnity and notification of changes </P>
<P align=justify>The representations and warranties in the Subscription
Agreement (including the first (cover) page, the Terms on pages 10 to 12, the
General Provisions on pages 18 to 26 and the other appendices, acknowledgements,
provisions and forms incorporated by reference) are made by the Purchaser with
the intent that they be relied upon by the Issuer in determining its suitability
as a purchaser of Purchased Securities, and the Purchaser hereby agrees to
indemnify the Issuer against all losses, claims, costs, expenses and damages or
liabilities which any of them may suffer or incur as a result of reliance
thereon. The Purchaser undertakes to notify the Issuer immediately of any change
in any representation, warranty or other information relating to the Purchaser
set forth in the Subscription Agreement (including the first (cover) page, the
Terms on pages 10 to 12, the General Provisions on pages 18 to 26 and the other
appendices, acknowledgements, provisions and forms incorporated by reference)
which takes place prior to the Closing. </P>
<P align=justify>2.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Survival of
representations and warranties </P>
<P align=justify>The representations and warranties contained in this Section
will survive the Closing. </P>
<P
align=justify><STRONG>3</STRONG>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<STRONG>&nbsp;REPRESENTATIONS AND WARRANTIES OF THE ISSUER </STRONG></P>
<P align=justify>By executing this Subscription Agreement, the Issuer
represents, warrants and covenants to the Purchaser, which representations,
warranties and covenants will be true and correct as of the Closing Date (as
herein defined) with the same force and effect as if made at and as of the
Closing (and acknowledges that the Purchaser is relying thereon) that: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%"  >&nbsp;</TD>
    <TD vAlign=top width="5%">a) </TD>
    <TD>
      <P align=justify>The Issuer has been duly incorporated and organized and
      is a valid and subsisting Issuer under the laws of the State of Nevada and
      is duly qualified to carry on business in each jurisdiction wherein the
      carrying out of the activities contemplated makes such qualifications
      necessary;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">b) </TD>
    <TD>
      <P align=justify>The shares which form a part of the Units will, upon
      issue and delivery, be validly issued as fully paid and
    non-assessable.</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">c) </TD>
    <TD>
      <P align=justify>The Issuer has the full corporate right, power and
      authority to execute this Subscription Agreement, and to issue the Units
      to the Purchaser pursuant to the terms of this Subscription
    Agreement</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">d) </TD>
    <TD>
      <P align=justify>This Subscription Agreement constitutes a binding and
      enforceable obligation of the Issuer, enforceable in accordance with its
      terms.</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">e) </TD>
    <TD>
      <P align=justify>This Subscription has been given for valuable
      consideration and is irrevocable, except with the written consent of the
      Issuer.</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">f) </TD>
    <TD>
      <P align=justify>The Issuer has filed all forms, reports, documents and
      information required to be filed by it, whether pursuant to applicable
      securities laws or otherwise, with the Exchange (or one of its
      predecessors) or the applicable securities regulatory authorities (the
      &#147;Disclosure Documents&#148;). As of the time the Disclosure Documents were
      filed with the applicable securities regulators and on SEDAR (System for
      Electronic Document Analysis and Retrieval) as applicable (or, if amended
      or superseded by a filing prior to the date of this Agreement, then on the
      date of such filing): (i) each of the Disclosure Documents complied in all
      material respects with the requirements of the applicable securities laws;
      and (ii) none of the Disclosure Documents contained any untrue statement
      of a material fact or omitted to state a material fact required to be
      stated therein or necessary in order to make the statements therein, in
      the light of the circumstances under which they were made, not
      misleading.</P></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_25></A><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">g) </TD>
    <TD>
      <P align=justify>The financial statements of the Issuer contained in the
      Disclosure Documents : (i) complied as to form in all material respects
      with the published rules and regulations under the applicable securities
      laws; (ii) were reported in accordance with United States generally
      accepted accounting principles or International Financial Reporting
      Standards, as the case may be; and (iii) present fairly the consolidated
      financial position of the Issuer and its subsidiaries, if any, as of the
      respective dates thereof and the consolidated results of operations of the
      Issuer and its subsidiaries, if any, for the periods covered
    thereby.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD vAlign=top width="5%">h) </TD>
    <TD>
      <P align=justify>There is no &#147;material fact&#148; or &#147;material change&#148; (as
      those terms are defined in the Acts) in the affairs of the Issuer that has
      not been generally disclosed to the public.</P></TD></TR></TABLE>
<P
align=justify><STRONG>4</STRONG>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<STRONG>PERSONAL INFORMATION </STRONG></P>
<P align=justify>The Purchaser provides its consent to: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(a) </TD>
    <TD>
      <P align=justify>the disclosure of Personal Information by the Issuer to
      the Exchange, to the Ontario Securities Commission and to any other
      applicable securities regulatory authorities, the Issuer&#146;s registrar and
      transfer agent, legal counsel and any other party involved in the purchase
      and sale of the Purchased Securities;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD vAlign=top width="5%">(b) </TD>
    <TD>
      <P align=justify>the collection, use and disclosure of Personal
      Information by the Exchange for the purposes described in Appendix 1, or
      as otherwise identified by the Exchange, from time to time; and</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD vAlign=top width="5%">(c) </TD>
    <TD>
      <P align=justify>the collection, use and disclosure of Personal
      Information by the Commissions for the purposes described in Appendix
      1.</P></TD></TR></TABLE>
<P
align=justify><STRONG>5&nbsp;</STRONG>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<STRONG>ISSUER&#146;S ACCEPTANCE </STRONG></P>
<P align=justify>This Subscription Agreement, when executed by the Purchaser,
and delivered to the Issuer, will constitute a subscription for the Purchased
Securities which will not be binding on the Issuer until accepted by the Issuer
by executing this Subscription Agreement in the space provided on the face
page(s) of this Subscription Agreement and, notwithstanding the Agreement Date,
if the Issuer accepts the subscription by the Purchaser, this Subscription
Agreement will be entered into on the date of such execution by the Issuer. </P>
<P
align=justify><STRONG>6&nbsp;</STRONG>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<STRONG>CLOSING </STRONG></P>
<P align=justify>6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Purchaser acknowledges that, although Purchased Securities may be issued to
other purchasers under the Private Placement concurrently with the Closing,
there may be other sales of Purchased Securities under the Private Placement,
some or all of which may close before or after the Closing. The Purchaser
further acknowledges that there is a risk that insufficient funds may be raised
on the Closing to fund the Issuer&#146;s objectives and that further closings may not
take place after the Closing. </P>
<P align=justify>6.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On or before
the Closing Date, the Purchaser will deliver to the Issuer the Subscription
Agreement and all applicable acknowledgements, provisions and required forms,
duly executed, and payment in full for the total price of the Purchased
Securities to be purchased by the Purchaser. </P>
<P align=justify>6.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At Closing,
the Issuer will deliver the certificates representing the Purchased Securities
purchased by the Purchaser registered in the name of the Purchaser or its
nominee. </P>
<P
align=justify><STRONG>7&nbsp;</STRONG>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<STRONG>MISCELLANEOUS </STRONG></P>
<P align=justify>7.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Purchaser
agrees to sell, assign or transfer the Securities only in accordance with the
requirements of applicable securities laws and any legends placed on the
Securities as contemplated by the Subscription Agreement. </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_26></A>
<P align=justify>7.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Purchaser hereby authorizes the Issuer to correct any minor errors in, or
complete any minor information missing from any part of the Subscription
Agreement and any other acknowledgements, provisions, forms, certificates or
documents executed by the Purchaser and delivered to the Issuer in connection
with the Private Placement. </P>
<P align=justify>7.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Issuer
may rely on delivery by fax machine or e-mail of an executed copy of this
subscription, and acceptance by the Issuer of such faxed or e-mailed copy will
be equally effective to create a valid and binding agreement between the
Purchaser and the Issuer in accordance with the terms of the Subscription
Agreement. If less than a complete copy of this Subscription Agreement is
delivered to the Issuer at Closing, the Issuer and its advisors are entitled to
assume that the Purchaser accepts and agrees to all of the terms and conditions
of the pages not delivered at Closing unaltered. </P>
<P align=justify>7.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Without
limitation, this subscription and the transactions contemplated by this
Subscription Agreement are conditional upon and subject to the Issuer&#146;s having
obtained such regulatory approval of this subscription and the transactions
contemplated by this Subscription Agreement as the Issuer considers necessary.
</P>
<P align=justify>7.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Subscription Agreement is not assignable or transferable by the parties hereto
without the express written consent of the other party to this Subscription
Agreement. </P>
<P align=justify>7.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Time is of
the essence of this Subscription Agreement and will be calculated in accordance
with the provisions of the <I>Interpretation Act</I> (British Columbia). </P>
<P align=justify>7.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as
expressly provided in this Subscription Agreement and in the agreements,
instruments and other documents contemplated or provided for in this
Subscription Agreement, this Subscription Agreement contains the entire
agreement between the parties with respect to the Securities and there are no
other terms, conditions, representations or warranties whether expressed,
implied, oral or written, by statute, by common law, by the Issuer, or by anyone
else. </P>
<P align=justify>7.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The parties
to this Subscription Agreement may amend this Subscription Agreement only in
writing. </P>
<P align=justify>7.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Subscription Agreement enures to the benefit of and is binding upon the parties
to this Subscription Agreement and their successors and permitted assigns. </P>
<P align=justify>7.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A party to this
Subscription Agreement will give all notices to or other written communications
with the other party to this Subscription Agreement concerning this Subscription
Agreement by hand or by registered mail addressed to the address given on page
1. </P>
<P align=justify>7.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The contract arising
out of this Subscription Agreement and all documents relating thereto, have been
or will be drafted in English only by common accord among the parties. Le
soussign&#233; reconna&#238;t par les pr&#233;sentes qu&#146;il a exig&#233; que le contrat r&#233;sultant de
cette convention de souscription ainsi que tous documents y aff&#233;rents soient
r&#233;dig&#233;s en langue anglaise seulement. </P>
<P align=justify>7.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Subscription
Agreement is to be read with all changes in gender or number as required by the
context. </P>
<P align=justify>7.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Subscription
Agreement will be governed by and construed in accordance with the internal laws
of British Columbia (without reference to its rules governing the choice or
conflict of laws), and the parties hereto irrevocably attorn and submit to the
exclusive jurisdiction of the courts of British Columbia with respect to any
dispute related to this Subscription Agreement. </P>
<P align=center><B>End of General Provisions </B></P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_27></A>
<P align=center><B>End of Subscription Agreement </B></P>
<HR align=center width="100%" color=black noShade SIZE=5>

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</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>exhibit10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>

<HTML>
<HEAD>
   <TITLE>Lexaria Corp. - Exhibit 10.2a - Filed by newsfilecorp.com</TITLE>
   <META name="HandheldFriendly" content="true">
</HEAD>

<BODY style="font-size:10pt;">

<HR noshade align="center" width=100% size=3 color="black">
<A name=page_1></A>
<P align=justify><B>UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF
THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE SEPTEMBER 22</B>,<B>
2014.</B></P>
<P align=justify><B>NONE OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN
REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO
REGISTERED, MAY NOT BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED
STATES (AS DEFINED HEREIN) OR TO U.S. PERSONS EXCEPT IN ACCORDANCE WITH THE
PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION
FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE
1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES
LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE
CONDUCTED UNLESS IN COMPLIANCE WITH THE 1933 ACT. "UNITED STATES" AND "U.S.
PERSON" ARE AS DEFINED BY REGULATION S UNDER THE 1933 ACT. </B></P>
<P align=justify>THIS WARRANT IS NOT TRANSFERABLE AND WILL BE VOID AND OF NO
VALUE UNLESS EXERCISED ON OR BEFORE SEPTEMBER 21, 2016 </P>
<P align=center><B>LEXARIA CORP. </B><BR>(Incorporated under the laws of the
State of Nevada) <BR></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left><B>No. ___________</B>&#171;Number&#187; </TD>
    <TD align=right width="50%">Right to Purchase </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=right width="50%">______________________Common Shares
  </TD></TR></TABLE>
<P align=center><B>WARRANT FOR PURCHASE OF COMMON SHARES (EIGHTEEN MONTHS)
</B></P>
<P align=justify>THIS IS TO CERTIFY THAT, for value received, this
21<SUP>st</SUP> day of March, 2014, ____________ (the "<B>Holder</B>") is
entitled to subscribe for and purchase _________ fully paid and non-assessable
common shares of<B> LEXARIA CORP.,</B> (the "<B>Corporation</B>") at any time up
to the close of business in Vancouver, British Columbia, at and for a period of
eighteen (18) months after the date of issuance. The Warrants are exercisable at
a price of <B>US$0.25</B> per Warrant Share if exercised at any time up to
eighteen (18) months after the date of issuance, of lawful money of the United
States upon and subject however to the provisions and to the terms and
conditions set forth herein. </P>
<P align=justify>In the event that the Company&#146;s common shares, at any time
after 6 months and 1 day have elapsed from the Issue Date, as listed on a
Principal Canadian Market &#150; currently the Canadian Securities Exchange with
symbol LXX - has been at or above CDN$0.40 for a period of 20 consecutive
trading days, the Issuer may, within five (5) days thereafter issue to the
Warrant holders a written notice advising of the accelerated expiry of the
Warrants. Such written notice shall identify in reasonable detail the
particulars of the acceleration event and identify the date (the "<B>Warrant
Accelerated Expiry Date</B>") set for accelerated expiry, which in no event
shall be less than 30 days after the mailing date of the written notice. For
greater certainty, all Warrants shall expire and be of no further force or
effect as of 4:30 pm (Pacific Time) on the Warrant Accelerated Expiry Date. </P>
<P align=justify>This warrant is not transferable by the Holder. The rights
represented by this Warrant may be exercised by the Holder hereof, in whole or
in part (but not as to a fractional share of Common Shares), by surrender of
this Warrant at the office of Olympia Trust Company, 1003 &#150; 750 West Pender
Street, Vancouver, BC V6C 2T8, or at the offices of Lexaria Corp. at 950 &#150; 1130
W Pender St, Vancouver BC V6E 4A4, together with a certified cheque payable to or to the
order of the Corporation in payment of the purchase price of the number of
Common Shares subscribed for. </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_2></A>
<P align=center>2 </P>
<P align=justify>In the event of an exercise of the rights represented by this
Warrant, certificates for the Common Shares so purchased shall be delivered to
the Holder hereof within a reasonable time, not exceeding ten (10) days after
the rights represented by this Warrant shall have been so exercised, and, unless
this Warrant has expired, a new Warrant representing the number of Common
Shares, if any with respect to which this Warrant shall not have been exercised
shall also be issued to the Holder hereof within such time. </P>
<P align=justify>Any certificate issued in the event of an exercise of the
rights represented by this Warrant prior to September 21, 2016 shall bear a
legend in substantially the following form: </P>
<P align=justify><B>THESE SECURITIES HAVE NOT BEEN REGISTERED WITH THE
SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE AND
HAVE BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE &#147;1933 ACT&#148;), AND, ACCORDINGLY, MAY NOT
BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER
THE 1933 ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT
SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN ACCORDANCE WITH
APPLICABLE STATE SECURITIES LAWS.&#148; </B></P>
<P align=justify>And if issued prior to September 22, 2014, shall also bear a
legend in substantially the following form: </P>
<P align=justify><B>UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF
THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE SEPTEMBER 22, 2014.</B> </P>
<P align=justify>WARRANT </P>
<P align=justify>The Corporation covenants and agrees that all Common Shares
which may be issued upon the exercise of the rights represented by this Warrant
will, upon issuance, be fully paid and non-assessable and free of all liens,
charges and encumbrances. The Corporation further covenants and agrees that
during the period within which the rights represented by this Warrant may be
exercised, the Corporation will at all times have authorized, and reserved, a
sufficient number of Common Shares to provide for the exercise of the rights
represented by this Warrant. </P>
<P align=justify>THE FOLLOWING ARE THE TERMS AND CONDITIONS REFERRED TO IN THIS
WARRANT: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">1. </TD>
    <TD>
      <P align=justify>If any capital reorganization, reclassification.
      subdivision or consolidation of the capital stock of the Corporation, or
      the consolidation or merger, or amalgamation of the Corporation with
      another Corporation, or the sale of all or substantially all of the assets
      to another corporation, shall be effected, or any other event in which new
      securities of any nature are delivered in exchange for the issued Common
      Shares, then as a condition of such reorganization, reclassification,
      subdivision, consolidation, merger, amalgamation, sale or other event,
      lawful and adequate provision shall be made whereby the Holder hereof
      shall thereafter have the right to purchase and receive upon the basis and
      upon the terms and conditions specified in this Warrant and in lieu of the
      Common Shares immediately theretofore purchasable and receivable upon the
      exercise of the rights represented hereby, such shares of stock,
      securities or assets as may be issued or payable with respect to or in
      exchange for a number of outstanding Common Shares equal to the number of
      Common Shares immediately theretofore purchasable and receivable upon the
      exercise of the rights represented hereby had such reorganization,
      reclassification, subdivision, consolidation, merger, amalgamation, sale
      or other event not taken place and in any such case, appropriate provision
      shall be made with respect to the rights and interests of the Holder of
      this Warrant to the end that provisions hereof shall thereafter be
      applicable, as nearly as may be, in relation
to any shares of stock, securities or assets thereafter
      deliverable upon the exercise hereof. The Corporation shall not effect any
      such consolidation, merger, amalgamation or sale, unless prior to or
      simultaneously with the consummation thereof the successor corporation (if
      other than the Corporation) resulting from such consolidation,
      subdivision, merger, amalgamation, sale or other event or the corporation
      purchasing such assets shall assume by written instrument executed and
      mailed or delivered to the registered holder hereof at the address of such
      holder appearing on the books of the Corporation, the obligation to
      deliver to such holder such shares or stock, securities or assets as, in
      accordance with the foregoing provisions, such holder may be entitled to
      purchase.</P></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_3></A>
<P align=center>3 </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">2. </TD>
    <TD valign="top">
      <P align=justify>In case at any time:</P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%"  >&nbsp;</TD>
    <TD vAlign=top width="5%">(i) </TD>
    <TD>
      <P align=justify>the Corporation shall pay any dividend payable in stock
      upon its Common Shares or make any distribution to the holders of its
      Common Shares;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(ii) </TD>
    <TD>
      <P align=justify>the Corporation shall offer for subscription pro rata to
      the holders of its Common Shares any additional shares of stock of any
      class or other rights;</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(iii) </TD>
    <TD>
      <P align=justify>there shall be any capital reorganization,
      reclassification, subdivision or consolidation of the capital stock of the
      Corporation, or consolidation or merger or amalgamation of the Corporation
      with, or sale of all or substantially all of its assets to, another
      corporation; or</P></TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%">(iv) </TD>
    <TD>
      <P align=justify>there shall be a voluntary or involuntary dissolution,
      liquidation, or winding-up of the Corporation;</P></TD></TR></TABLE>
<P align=justify>then, and in any one or more of such cases, the Corporation
shall give to the holder of this Warrant, at least five (5) days' prior written
notice of the date on which the books of the Corporation shall close or a record
shall be taken for such dividend, distribution or subscription rights, or for
determining rights to vote with respect to such reorganization,
reclassification, consolidation, merger, sale or amalgamation, dissolution,
liquidation or winding-up and in the case of any such reorganization,
reclassification, subdivision, consolidation, merger, amalgamation, sale,
dissolution, liquidation or winding-up, at least twenty (20) days' prior written
notice of the date when the same shall take place. Such notice in accordance
with the foregoing clause, shall also specify, in the case of any such dividend,
distribution or subscription rights, the date on which the holders of Common
Shares shall be entitled thereto, and such notice in accordance with the
foregoing shall also specify the date on which the holders of Common Shares
shall be entitled to exchange their Common Shares for securities or other
property deliverable upon such reorganization, reclassification, subdivision,
consolidation, merger, amalgamation, sale, dissolution, liquidation or
winding-up as the case may be. Each such written notice shall be given by
dissemination of press release or by first class mail, registered postage
prepaid, addressed to the holder of this Warrant at the address of such holder,
as shown on the books of the Corporation. </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">3. </TD>
    <TD>
      <P align=justify>As used herein, the term "Common Shares" shall mean and
      include the Corporation's presently authorized Common Shares and shall
      also include any capital stock of any class of the Corporation hereafter
      authorized which shall not be limited to a fixed sum or percentage in
      respect of the rights of the holders thereof to participate in dividends
      and in the distribution of assets upon the voluntary or involuntary
      liquidation, dissolution or winding-up of the Corporation.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">4. </TD>
    <TD>
      <P align=justify>This Warrant shall not entitle the Holder hereof to any
      rights as a shareholder of the Corporation, including without limitation,
      voting rights.</P></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_4></A>
<P align=center>4 </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">5. </TD>
    <TD>
      <P align=justify>The Warrant holders may not convene a meeting to extend
      the term of the Warrants.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">6. </TD>
    <TD>
      <P align=justify>This Warrant is exchangeable, upon the surrender hereof
      by the Holder hereof at the office of the Transfer Agent of the
      Corporation, for new Warrants of like tenor representing in the aggregate
      the right to subscribe for and purchase the number of shares which may be
      subscribed for and purchased hereunder, each of such new Warrants to
      represent the right to subscribe for and purchase such number of Common
      Shares as shall be designated by such Holder hereof at the time of such
      surrender.</P></TD></TR></TABLE>
<P align=justify>IN WITNESS WHEREOF LEXARIA CORP. has caused this Warrant to be
signed by its duly authorized officers under its corporate seal and this Warrant
to be executed this 21<SUP>st</SUP> day of March, 2014. </P>
<P align=justify><B>LEXARIA CORP.</B> </P>
<P align=justify>&nbsp;</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    >&nbsp;</TD>
    <TD align=left width="10%"  >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="45%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Authorized Signatory </TD>
    <TD align=left width="10%"  >&nbsp;</TD>
    <TD align=left width="45%">Authorized Signatory </TD></TR>
  <TR vAlign=top>
    <TD align=left>Chris Bunka, President / CEO </TD>
    <TD align=left width="10%"  >&nbsp;</TD>
    <TD align=left width="45%">Bal Bhullar, CFO </TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_5></A>
<P align=center><B>WARRANT SUBSCRIPTION FORM </B></P>
<P align=justify>The undersigned hereby subscribes for the number of the common
shares indicated below pursuant to the terms of the Warrant, and encloses
herewith original warrant no. _________ together with a certified cheque payable
to or to the order of LEXARIA CORP. in full payment of the purchase price for
that number of common shares. </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left><B><U>Full Name, Address and Occupation</U></B> </TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=center width="30%"><B><U>Number of Shares</U></B> </TD>
    <TD align=center width="3%"  >&nbsp;</TD>
    <TD align=center width="30%"><B><U>Payment Enclosed</U></B> </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="30%"
    >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%"
      >&nbsp;$_________________________________</TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="3%"  >&nbsp;</TD>
    <TD width="30%">&nbsp; </TD>
    <TD width="3%"  >&nbsp;</TD>
    <TD width="30%">&nbsp; </TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="3%"  >&nbsp;</TD>
    <TD width="30%" >&nbsp;</TD>
    <TD width="3%"  >&nbsp;</TD>
    <TD width="30%" >&nbsp;</TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="3%"  >&nbsp;</TD>
    <TD width="30%" >&nbsp;</TD>
    <TD width="3%"  >&nbsp;</TD>
    <TD width="30%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%">&nbsp; </TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%"></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Occupation </TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%">&nbsp; </TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%">&nbsp; </TD></TR></TABLE>
<P align=justify>DATED at _________________, this _____day of ________________,
20____. </P>
<P align=justify>__________________________ <BR>Authorized Signatory <BR></P>
<P align=justify>Any certificate issued in the event of an exercise of the
rights represented by this Warrant prior to September 21, 2016 shall bear a
legend in substantially the following form: </P>
<P align=justify><B>THESE SECURITIES HAVE NOT BEEN REGISTERED WITH THE
SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE AND
HAVE BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE &#147;1933 ACT&#148;), AND, ACCORDINGLY, MAY NOT
BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER
THE 1933 ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT
SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN ACCORDANCE WITH
APPLICABLE STATE SECURITIES LAWS.&#148;</B> </P>
<P align=justify>And if issued prior to September 22, 2014, shall also bear a
legend in substantially the following form: </P>
<P align=justify><B>UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF
THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE SEPTEMBER 22, 2014.</B> </P>
<A name=page_1></A>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<P align=justify><B>UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF
THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE SEPTEMBER 22</B>,<B>
2014.</B></P>
<P align=justify><B>THE SECURITIES REPRESENTED HEREBY HAVE BEEN OFFERED IN AN
OFFSHORE TRANSACTION TO A PERSON WHO IS NOT A U.S. PERSON (AS DEFINED HEREIN)
PURSUANT TO REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED (THE "1933 ACT"). </B></P>
<P align=justify><B>NONE OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN
REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO
REGISTERED, MAY NOT BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED
STATES (AS DEFINED HEREIN) OR TO U.S. PERSONS EXCEPT IN ACCORDANCE WITH THE
PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION
FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE
1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES
LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE
CONDUCTED UNLESS IN COMPLIANCE WITH THE 1933 ACT. "UNITED STATES" AND "U.S.
PERSON" ARE AS DEFINED BY REGULATION S UNDER THE 1933 ACT. </B></P>
<P align=justify>THIS WARRANT IS NOT TRANSFERABLE AND WILL BE VOID AND OF NO
VALUE UNLESS EXERCISED ON OR BEFORE SEPTEMBER 21, 2016 </P>
<P align=center><B>LEXARIA CORP. </B><BR>(Incorporated under the laws of the
State of Nevada) <BR></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left><B>No. ___________</B>&#171;Number&#187; </TD>
    <TD align=right width="50%">Right to Purchase </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=right width="50%">_______________________&nbsp;&nbsp;Common
      Shares </TD></TR></TABLE>
<P align=center><B>WARRANT FOR PURCHASE OF COMMON SHARES (EIGHTEEN MONTHS)
</B></P>
<P align=justify>THIS IS TO CERTIFY THAT, for value received, this 21st day of
March, 2014, ____________ (the "<B>Holder</B>") is entitled to subscribe for and
purchase _________fully paid and non-assessable common shares of<B> LEXARIA
CORP.,</B> (the "<B>Corporation</B>") at any time up to the close of business in
Vancouver, British Columbia, at and for a period of eighteen (18) months after
the date of issuance. The Warrants are exercisable at a price of <B>US$0.25</B>
per Warrant Share if exercised at any time up to eighteen (18) months after the
date of issuance, of lawful money of the United States upon and subject however
to the provisions and to the terms and conditions set forth herein. </P>
<P align=justify>In the event that the Company&#146;s common shares, at any time
after 6 months and 1 day have elapsed from the Issue Date, as listed on a
Principal Canadian Market &#150; currently the Canadian Securities Exchange with
symbol LXX - has been at or above CDN$0.40 for a period of 20 consecutive
trading days, the Issuer may, within five (5) days thereafter issue to the
Warrant holders a written notice advising of the accelerated expiry of the
Warrants. Such written notice shall identify in reasonable detail the
particulars of the acceleration event and identify the date (the "<B>Warrant
Accelerated Expiry Date</B>") set for accelerated expiry, which in no event
shall be less than 30 days after the mailing date of the written notice. For
greater certainty, all Warrants shall expire and be of no further force or
effect as of 4:30 pm (Pacific Time) on the Warrant Accelerated Expiry Date. </P>
<P align=justify>This warrant is not transferable by the Holder. The rights
represented by this Warrant may be exercised by the Holder hereof, in whole or
in part (but not as to a fractional share of Common Shares), by surrender of
this Warrant at the office of Olympia Trust Company, 1003 &#150; 750 West Pender
Street, Vancouver, BC V6C 2T8, or at the offices of Lexaria Corp. at 950 &#150; 1130
W Pender St, Vancouver BC V6E 4A4, together with a certified cheque payable to or to the order of the Corporation in payment
of the purchase price of the number of Common Shares subscribed for. </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_2></A>
<P align=center>2 </P>
<P align=justify>In the event of an exercise of the rights represented by this
Warrant, certificates for the Common Shares so purchased shall be delivered to
the Holder hereof within a reasonable time, not exceeding ten (10) days after
the rights represented by this Warrant shall have been so exercised, and, unless
this Warrant has expired, a new Warrant representing the number of Common
Shares, if any with respect to which this Warrant shall not have been exercised
shall also be issued to the Holder hereof within such time. </P>
<P align=justify>Any certificate issued in the event of an exercise of the
rights represented by this Warrant prior to September 21, 2016 shall bear a
legend in substantially the following form: </P>
<P align=justify><B>THE SECURITIES REPRESENTED HEREBY HAVE BEEN OFFERED IN AN
OFFSHORE TRANSACTION TO A PERSON WHO IS NOT A U.S. PERSON (AS DEFINED HEREIN)
PURSUANT TO REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED (THE "1933 ACT"). </B></P>
<P align=justify><B>NONE OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN
REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO
REGISTERED, MAY NOT BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED
STATES (AS DEFINED HEREIN) OR TO U.S. PERSONS EXCEPT IN ACCORDANCE WITH THE
PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION
FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE
1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES
LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE
CONDUCTED UNLESS IN COMPLIANCE WITH THE 1933 ACT. "UNITED STATES" AND "U.S.
PERSON" ARE AS DEFINED BY REGULATION S UNDER THE 1933 ACT. </B></P>
<P align=justify>And if issued prior to September 22, 2014, shall also bear a
legend in substantially the following form: </P>
<P align=justify><B>UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF
THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE SEPTEMBER 22, 2014. </B></P>
<P align=justify>WARRANT </P>
<P align=justify>The Corporation covenants and agrees that all Common Shares
which may be issued upon the exercise of the rights represented by this Warrant
will, upon issuance, be fully paid and non-assessable and free of all liens,
charges and encumbrances. The Corporation further covenants and agrees that
during the period within which the rights represented by this Warrant may be
exercised, the Corporation will at all times have authorized, and reserved, a
sufficient number of Common Shares to provide for the exercise of the rights
represented by this Warrant. </P>
<P align=justify>THE FOLLOWING ARE THE TERMS AND CONDITIONS REFERRED TO IN THIS
WARRANT: </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">1. </TD>
    <TD>
      <P align=justify>If any capital reorganization, reclassification.
      subdivision or consolidation of the capital stock of the Corporation, or
      the consolidation or merger, or amalgamation of the Corporation with
      another Corporation, or the sale of all or substantially all of the assets
      to another corporation, shall be effected, or any other event in which new
      securities of any nature are delivered in exchange for the issued Common
      Shares, then as a condition of such reorganization, reclassification,
      subdivision, consolidation, merger, amalgamation, sale or other event,
      lawful and adequate provision shall be made whereby the Holder hereof
      shall thereafter have the right to purchase and receive upon the basis and
      upon the terms and conditions specified in this Warrant and in lieu of the
      Common Shares immediately theretofore purchasable and receivable upon the
      exercise of the rights represented hereby, such shares of
  stock, securities or assets as may be issued or payable with
      respect to or in exchange for a number of outstanding Common Shares equal
      to the number of Common Shares immediately theretofore purchasable and
      receivable upon the exercise of the rights represented hereby had such
      reorganization, reclassification, subdivision, consolidation, merger,
      amalgamation, sale or other event not taken place and in any such case,
      appropriate provision shall be made with respect to the rights and
      interests of the Holder of this Warrant to the end that provisions hereof
      shall thereafter be applicable, as nearly as may be, in relation to any
      shares of stock, securities or assets thereafter deliverable upon the
      exercise hereof. The Corporation shall not effect any such consolidation,
      merger, amalgamation or sale, unless prior to or simultaneously with the
      consummation thereof the successor corporation (if other than the
      Corporation) resulting from such consolidation, subdivision, merger,
      amalgamation, sale or other event or the corporation purchasing such
      assets shall assume by written instrument executed and mailed or delivered
      to the registered holder hereof at the address of such holder appearing on
      the books of the Corporation, the obligation to deliver to such holder
      such shares or stock, securities or assets as, in accordance with the
      foregoing provisions, such holder may be entitled to purchase.</P></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_3></A>
<P align=center>3 </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">2. </TD>
    <TD colSpan=2>
      <P align=justify>In case at any time:</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD vAlign=top width="5%">(i) </TD>
    <TD>
      <P align=justify>the Corporation shall pay any dividend payable in stock
      upon its Common Shares or make any distribution to the holders of its
      Common Shares;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD vAlign=top width="5%">(ii) </TD>
    <TD>
      <P align=justify>the Corporation shall offer for subscription pro rata to
      the holders of its Common Shares any additional shares of stock of any
      class or other rights;</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD vAlign=top width="5%">(iii) </TD>
    <TD>
      <P align=justify>there shall be any capital reorganization,
      reclassification, subdivision or consolidation of the capital stock of the
      Corporation, or consolidation or merger or amalgamation of the Corporation
      with, or sale of all or substantially all of its assets to, another
      corporation; or</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD vAlign=top width="5%">(iv) </TD>
    <TD>
      <P align=justify>there shall be a voluntary or involuntary dissolution,
      liquidation, or winding-up of the Corporation;</P></TD></TR></TABLE>
<P align=justify>then, and in any one or more of such cases, the Corporation
shall give to the holder of this Warrant, at least five (5) days' prior written
notice of the date on which the books of the Corporation shall close or a record
shall be taken for such dividend, distribution or subscription rights, or for
determining rights to vote with respect to such reorganization,
reclassification, consolidation, merger, sale or amalgamation, dissolution,
liquidation or winding-up and in the case of any such reorganization,
reclassification, subdivision, consolidation, merger, amalgamation, sale,
dissolution, liquidation or winding-up, at least twenty (20) days' prior written
notice of the date when the same shall take place. Such notice in accordance
with the foregoing clause, shall also specify, in the case of any such dividend,
distribution or subscription rights, the date on which the holders of Common
Shares shall be entitled thereto, and such notice in accordance with the
foregoing shall also specify the date on which the holders of Common Shares
shall be entitled to exchange their Common Shares for securities or other
property deliverable upon such reorganization, reclassification, subdivision,
consolidation, merger, amalgamation, sale, dissolution, liquidation or
winding-up as the case may be. Each such written notice shall be given by
dissemination of press release or by first class mail, registered postage
prepaid, addressed to the holder of this Warrant at the address of such holder,
as shown on the books of the Corporation. </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">3. </TD>
    <TD>
      <P align=justify>As used herein, the term "Common Shares" shall mean and
      include the Corporation's presently authorized Common Shares and shall
      also include any capital stock of any class of the Corporation hereafter
      authorized which shall not be limited to a fixed sum or percentage in
      respect of the rights of the holders thereof to participate in dividends
      and in the distribution of assets upon the voluntary or involuntary
      liquidation, dissolution or winding-up of the Corporation.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">4. </TD>
    <TD>
      <P align=justify>This Warrant shall not entitle the Holder hereof to any
      rights as a shareholder of the Corporation, including without limitation,
      voting rights</P></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_4></A>
<P align=center>4 </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">5. </TD>
    <TD>
      <P align=justify>The Warrant holders may not convene a meeting to extend
      the term of the Warrants.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">6. </TD>
    <TD>
      <P align=justify>This Warrant is exchangeable, upon the surrender hereof
      by the Holder hereof at the office of the Transfer Agent of the
      Corporation, for new Warrants of like tenor representing in the aggregate
      the right to subscribe for and purchase the number of shares which may be
      subscribed for and purchased hereunder, each of such new Warrants to
      represent the right to subscribe for and purchase such number of Common
      Shares as shall be designated by such Holder hereof at the time of such
      surrender.</P></TD></TR></TABLE>
<P align=justify>IN WITNESS WHEREOF LEXARIA CORP. has caused this Warrant to be
signed by its duly authorized officers under its corporate seal and this Warrant
to be executed this 21<SUP>st</SUP> day of March, 2014. </P>
<P align=justify><B>LEXARIA CORP.</B> </P>
<P align=justify>&nbsp;</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    >&nbsp;</TD>
    <TD align=left width="4%"  >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="48%"
    >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>Authorized Signatory </TD>
    <TD align=left width="4%"  >&nbsp;</TD>
    <TD align=left width="48%">Authorized Signatory </TD></TR>
  <TR vAlign=top>
    <TD align=left>Chris Bunka, President / CEO </TD>
    <TD align=left width="4%"  >&nbsp;</TD>
    <TD align=left width="48%">Bal Bhullar, CFO </TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_5></A>
<P align=center>1 </P>
<P align=center><B>WARRANT SUBSCRIPTION FORM </B></P>
<P align=justify>The undersigned hereby subscribes for the number of the common
shares indicated below pursuant to the terms of the Warrant, and encloses
herewith original warrant no. _________ together with a certified cheque payable
to or to the order of LEXARIA CORP. in full payment of the purchase price for
that number of common shares. </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=top>
    <TD align=left><B><U>Full Name, Address and Occupation</U></B> </TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=center width="30%"><B><U>Number of Shares</U></B> </TD>
    <TD align=center width="3%"  >&nbsp;</TD>
    <TD align=center width="30%"><B><U>Payment Enclosed</U></B> </TD>
  </TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
  </TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
  </TR>
  <TR>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
  </TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
  </TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="30%"
    >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%"
      >&nbsp;$_________________________________</TD>
  </TR>
  <TR>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
  </TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD width="3%"  >&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="3%"  >&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
  </TR>
  <TR>
    <TD style="BORDER-BOTTOM: #000000 1px solid" >&nbsp;</TD>
    <TD width="3%"  >&nbsp;</TD>
    <TD width="30%" >&nbsp;</TD>
    <TD width="3%"  >&nbsp;</TD>
    <TD width="30%" >&nbsp;</TD>
  </TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="3%"  >&nbsp;</TD>
    <TD width="30%" >&nbsp;</TD>
    <TD width="3%"  >&nbsp;</TD>
    <TD width="30%" >&nbsp;</TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%">&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%"></TD>
  </TR>
  <TR>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
  </TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
  </TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
  </TR>
  <TR>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left
    >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%" >&nbsp;</TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>Occupation </TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%">&nbsp;</TD>
    <TD align=left width="3%"  >&nbsp;</TD>
    <TD align=left width="30%">&nbsp;</TD>
  </TR>
</TABLE>
<P align=justify>DATED at _________________ , this _____ day of
________________, 20____. </P>
<P align=justify>&nbsp;</P>
<P align=justify>__________________________<BR>Authorized Signatory </P>
<P align=justify>Any certificate issued in the event of an exercise of the
rights represented by this Warrant prior to September 21, 2016 shall bear a
legend in substantially the following form:</P>
<P align=justify><B>THE SECURITIES REPRESENTED HEREBY HAVE BEEN OFFERED IN AN
OFFSHORE TRANSACTION TO A PERSON WHO IS NOT A U.S. PERSON (AS DEFINED HEREIN)
PURSUANT TO REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED (THE "1933 ACT"). </B></P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_6></A>
<P align=center>2 </P>
<P align=justify><B>NONE OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN
REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO
REGISTERED, MAY NOT BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED
STATES (AS DEFINED HEREIN) OR TO U.S. PERSONS EXCEPT IN ACCORDANCE WITH THE
PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE
REGISTRATION&nbsp; STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE
EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE
STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE
SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE 1933 ACT. "UNITED
STATES" AND "U.S. PERSON" ARE AS DEFINED BY REGULATION S UNDER THE 1933 ACT. </B></P>
<P align=justify>And if issued prior to September 22, 2014, shall also bear a
legend in substantially the following form: </P>
<P align=justify><B>UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF
THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE SEPTEMBER 22, 2014.</B> </P>
<HR align=center width="100%" color=black noShade SIZE=5>

</BODY>

</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>4
<FILENAME>exhibit99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>

<HTML>
<HEAD>
   <TITLE>Lexaria Corp. - Exhibit 99.1 - Filed by newsfilecorp.com</TITLE>
   <META name="HandheldFriendly" content="true">
</HEAD>

<BODY style="font-size:10pt;">

<HR noshade align="center" width=100% size=3 color="black">
<A name=page_1></A>
<P align=justify><B>Lexaria Closes $1,272,000 Financing</B></P>
<P align=justify>KELOWNA, BC--(Marketwired - Mar 21, 2014) - Lexaria Corp.
(OTCQB: LXRP) (CSE: LXX) (the "Company" or "Lexaria") is pleased to announce it
has closed its Private Placement financing announced on March 5 for gross
proceeds of $1,272,000. The financing was originally announced for $960,000 but
was expanded due to overwhelming demand. </P>
<P align=justify>Lexaria will issue 10,600,000 common shares at US$0.12 and
10,600,000 full warrants that expire on September 21, 2016 with an exercise
price of US$0.25. The Company may accelerate the expiry date of the warrants if
the stock price trades above CAD$0.40 cents for 20 consecutive days at any time
after 6 months and one day has elapsed. </P>
<P align=justify>Officer and Directors of Lexaria participated for $48,008 in
the above private placement. </P>
<P align=justify>&#147;Lexaria thanks its many supporters for their rapid action to
close this financing and help enable us to move our Company forward,&#148; said
President Chris Bunka. &#147;For many years, Lexaria has been blessed with supportive
shareholders who have believed in us and our efforts, and we always recognize
that without their support, Lexaria would not be able to build its business and
add value today.&#148; </P>
<P align=justify>Finders&#146; fees of 816,000 restricted common shares of the
Company were issued, and cash finders&#146; fees of $16,800 were paid to various
brokers. </P>
<P align=justify>With this financing completed and funds settled in the bank,
Lexaria will endeavor to close its first medical marijuana operations
opportunity as quickly as possible. Further announcements will be made as
information becomes available. </P>
<P align=justify>All issued shares will be subject to a hold period, for any
resale into the USA under Rule 144, of six months and one day. Proceeds of the
Private Placement will be used for general working capital, for general and
administrative needs, and for corporate opportunities in the medical marijuana
sector. The Private Placement is subject to normal regulatory approvals.</P>
<P align=justify><B>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. </B></P>
<P align=justify><B>About Lexaria </B></P>
<P align=justify>Lexaria's shares are quoted in the USA with symbol LXRP and in
Canada with symbol LXX. The company searches for projects that could provide
potential above-market returns. </P>
<P align=justify>To learn more about Lexaria Corp. visit <U><FONT
color=#0000ff>www.lexariaenergy.com. </FONT></U></P>
<P align=justify>FOR FURTHER INFORMATION PLEASE CONTACT:<BR>Lexaria
Corp.<BR>Chris Bunka<br>
Chairman &amp; CEO<BR>
(250) 765-6424 <BR></P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>



<A name="page_2"></A>

<P align="justify">
<B>FORWARD-LOOKING STATEMENTS</B> </P>
<P align="justify">
This release includes forward-looking statements. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations,
cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as "anticipate," "if,"
"believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. Such forward-looking statements are estimates reflecting the Company's best judgment based upon
current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors but they include and
are not limited to the existence of underground deposits of commercial quantities of oil and gas; cessation or delays in exploration because of mechanical, weather, operating, financial or other problems; capital expenditures that are higher than
anticipated; or exploration opportunities being fewer than currently anticipated. There can be no assurance that road or site conditions will be favorable for field work; no assurance that well treatments or workovers will have any effect on oil or
gas production; no assurance that oil field interconnections will have any measurable impact on oil or gas production or on field operations, and no assurance that any expected new well(s) will be drilled or have any impact on the Company. There can
be no assurance that expected oil and gas production will actually materialize; and thus no assurance that expected revenue will actually occur. There is no assurance the Company will have sufficient funds to drill additional wells, or to complete
acquisitions or other business transactions. Such forward looking statements also include estimated cash flows, revenue and current and/or future rates of production of oil and natural gas, which can and will fluctuate for a variety of reasons; oil
and gas reserve quantities produced by third parties; and intentions to participate in future exploration drilling. Adverse weather conditions including but not limited to surface flooding can delay operations, impact production, and cause
reductions in revenue. The Company may not have sufficient expertise to thoroughly exploit its oil and gas properties. The Company may not have sufficient funding to thoroughly explore, drill or develop its properties. Access to capital, or lack
thereof, is a major risk and there is no assurance that the Company will be able to raise required working capital. Current oil and gas production rates may not be sustainable and targeted production rates may not occur. Factors which could cause
actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be
identified from time to time in the Company's public announcements and filings. There is no assurance that the medical marijuana business will provide any benefit to Lexaria and no assurance that the closed financing will deliver any net benefit to
the Company. </P>
<P align="justify">
<I>The CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.</I> </P>

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