Exhibit 10.14

PREFERRED STOCK AND WARRANT PURCHASE AGREEMENT

THIS PREFERRED STOCK AND WARRANT PURCHASE AGREEMENT is made as of December 22, 2000 by and among MedicaLogic/Medscape, Inc., an Oregon
corporation (the "Company"), and the Investors listed on Schedule A attached hereto (the "Investors").

THE
PARTIES HEREBY AGREE AS FOLLOWS:

1.Purchase and Sale of Preferred Stock and Warrants.



2.Representations and Warranties of the Company.The
Company hereby represents and warrants to the Investors that, except as set forth on a Schedule of Exceptions (the "Schedule of Exceptions") furnished to the Investors, specifically identifying the
relevant subparagraph hereof, which exceptions shall be deemed to be representations and warranties as if made hereunder:



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3.Representations and Warranties of the
Investors.Each Investor severally and not jointly hereby represents and warrants that:



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4.Covenants of the Company.



5.Conditions of Investors' Obligations at Closing.The
obligations of the Investors under subsection 1.1(b) of this Agreement are subject to the fulfillment on or before the Closing of each of the following
conditions, the waiver of which shall not be effective against any Investor who does not consent in writing thereto:



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6.Conditions of the Company's Obligations at
Closing.The obligations of the Company to the Investors under this Agreement are subject to the fulfillment on or before the Closing of each of the following
conditions by the Investors:



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7.Termination.



8.Miscellaneous.



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

|           |  | MEDICALOGIC/MEDSCAPE, INC.                                                                            
|---------- |  | ------------------------------------------------------------------------------------------------------
|           |  | By:                                                                                                   
|           |  | Printed Name: David Moffenbeier
Title: Chief Executive Officer                                        
|           |  | Address: 20500 NW Evergreen Parkway
Hillsboro, Oregon 97124                                           
|INVESTORS: |  | QUANTUM INDUSTRIAL PARTNERS LDC                                                                       
|           |  | By:                                                                                                   
|           |  | Its:Printed name:                                                                                     
|           |  | Address: c/o Curacao Corporation Company NV
Kaya Flamboyan 9,
Villemstad, Curacao
Netherlands Antilles
|           |  | SFM DOMESTIC INVESTMENTS LLC                                                                          
|           |  | By:                                                                                                   
|           |  | Its:Printed name:                                                                                     
|           |  | Address: c/o Soros Private Equity Partners
888 Seventh Avenue
New York, NY 10106                      

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| |  | HALIFAX FUND LP               
| |  | ------------------------------
| |  | By:                           
| |  | Its:Printed name:             
| |  | Address:                      
| |  | GRUBER & MCBAINE INTERNATIONAL
| |  | By:                           
| |  | Its:Printed name:             
| |  | Address:                      
| |  | HBK INVESTMENTS LP            
| |  | By:                           
| |  | Its:Printed name:             
| |  | Address:                      

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| |  | COLEMAN SWENSON HOFFMAN
BOOTH IV, LP     
| |  | -----------------------------------------
| |  | By:                                      
| |  | Its:Printed name:                        
| |  | Address:                                 
| |  | CROSSLINK CROSSOVER FUND III, LP         
| |  | By:                                      
| |  | Its:Printed name:                        
| |  | Address:                                 
| |  | OFFSHORE CROSSLINK CROSSOVER
FUND III, LP
| |  | By:                                      
| |  | Its:Printed name:                        
| |  | Address:                                 

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| |  | DELTA GROWTH, LP          
| |  | --------------------------
| |  | By:                       
| |  | Its:Printed name:         
| |  | Address:                  
| |  | RITCHIE CAPITAL MANAGEMENT
| |  | By:                       
| |  | Its:Printed name:         
| |  | Address:                  
| |  | CRANSHIRE CAPITAL         
| |  | By:                       
| |  | Its:Printed name:         
| |  | Address:                  
| |  | LAGUNITAS PARTNERS LP     
| |  | By:                       
| |  | Its:Printed name:         
| |  | Address:                  

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SCHEDULE A    SCHEDULE OF INVESTORS

|Investor                                  |  | Number of
Shares of
Series 1
Preferred Stock |  | Number of
Warrants
Shares |  | Total Purchase
Price
|----------------------------------------- |  | -------------------------------------------- |  | ------------------------- |  | --------------------
|Quantum Industrial Partners LDC           |  | 1,666,666                                    |  | 1,274,509                 |  | $                   
|SFM Domestic Investments LLC              |  | 1,666,666                                    |  | 1,274,509                 |  |                     
|Halifax Fund LP                           |  | 333,333                                      |  | 254,902                   |  |                     
|Lagunitas Partners LP                     |  | 500,000                                      |  | 382,353                   |  |                     
|Gruber & McBaine International            |  | 166,667                                      |  | 127,451                   |  |                     
|Montrose Investments Ltd.                 |  | 666,667                                      |  | 509,804                   |  |                     
|Coleman Swenson Hoffman Booth IV, LP      |  | 333,333                                      |  | 254,902                   |  |                     
|Crosslink Crossover Fund III, LP          |  | 88,000                                       |  | 67,295                    |  |                     
|Offshore Crosslink Crossover Fund III, LP |  | 6,000                                        |  | 4,588                     |  |                     
|Delta Growth, LP                          |  | 6,000                                        |  | 4,588                     |  |                     
|Ram Trading, Ltd.                         |  | 166,667                                      |  | 127,451                   |  |                     
|Cranshire Capital                         |  | 166,667                                      |  | 127,451                   |  |                     
|TOTAL                                     |  | 5,766,666                                    |  | 4,409,803                 |  | $                   

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