Common use of Purchase Price and Allocation Clause in Contracts

Purchase Price and Allocation. 2.1 Purchase Price payable by the Purchaser to Vendor for Vendor Assets is as follows: (a) Purchaser shall pay a total of US $100,000 as follows; (i) US$37,500 on the Effective Closing Date, (the "Initial Payment") which will purchase 250,000 shares of Lexaria and 250,000 warrants to purchase an additional 250,000 shares from the Lexaria treasury at a price of US$0.20 each payable directly to Lexaria Corp, prior to May 31, 2012, and (ii) An option, at the sole discretion of the Purchaser, to pay US$62,473.25 on or before March 2nd, 2012, (the "Final Payment"), which will purchase 249,893 shares of Lexaria and 249,893 warrants to purchase an additional 249,893 shares from the Lexaria treasury at a price of US$0.20 each payable directly to Lexaria Corp. prior to May 31, 2012. 2.2 Vendor will take no steps to inhibit or prevent the common shares being issued to Purchaser from becoming tradeable in accordance with all securities regulations. 2.3 Vendor shall assist with all steps necessary in order for a share certificate to be issued to the Purchaser free of all trading restrictions, in the Purchasers’ name, for the required numbers of shares. 2.4 Purchaser shall pay all amounts referenced in 2.1, above, in trust with ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ until the time of Closing.