Document:

Counterpath Corporation: Exhibit 10.8 - Filed by newsfilecorp.com

COUNTERPATH CORPORATION 
(the “Issuer”) 

PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT 

INSTRUCTIONS TO SUBSCRIBER 

	1. 	
      You must complete all the information in the boxes on
      page 2 and sign where indicated with an “X”.

	 	 
	2. 	
      If you are resident in Canada, you must complete and sign
      Exhibit A “Canadian Investor Questionnaire” that starts on page 15. The
      purpose of this form is to determine whether you meet the standards for
      participation in a private placement under applicable Canadian securities
      laws. In order for the Issuer to satisfy its obligations under applicable
      Canadian securities laws, you may be required to provide additional
      evidence to verify the information you have provided in Exhibit A
      “Canadian Investor Questionnaire” that starts on page 15.

	 	 
	3. 	
      If you are a “U.S. Purchaser”, as defined in Exhibit B,
      you must complete and sign Exhibit B “United States Accredited Investor
      Questionnaire” that starts on page 29.

	 	 
	4. 	
      Unless you are subscribing through a person registered as
      broker, an exempt market dealer (as defined in National Instrument 31-103
      – Registration Requirements and Exemptions) or you are subscribing
      directly from the Issuer without involvement of a finder, you must
      complete and sign Exhibit C “Risk Acknowledgement Form” that starts on
      page 32.

	 	 
	5. 	
      If you are paying for your subscription with funds drawn
      from a Canadian bank, you may pay by certified cheque or bank draft drawn
      on a Canadian chartered bank or by wire transfer to the Issuer pursuant to
      wiring instructions to be provided by the Issuer upon request.

	 	 
	6. 	
      If you are paying for your subscription with funds
      drawn on any source other than a Canadian chartered bank, you may only pay
      by wire transfer to the Issuer pursuant to wiring instructions to be
      provided by the Issuer upon request.

- 2 - 

COUNTERPATH CORPORATION 

PRIVATE PLACEMENT
SUBSCRIPTION AGREEMENT 

The undersigned (the “Subscriber”) hereby irrevocably
subscribes for and agrees to purchase from CounterPath Corporation (the
“Issuer”) that number of common shares of the Issuer (each, a
“Share”) set out below at a price (the “Subscription Price”) equal
to the greater of (i) the market price (in US dollars) as defined by the TSX
Company Manual on the Closing Date (as defined below), and (ii) the consolidated
closing bid price per Share on the NASDAQ Capital Market immediately before the
Issuer accepts the Subscription (as defined herein). The aggregate Subscription
Price may be paid in Canadian or US dollars based upon an exchange rate to be
determined by the Company based upon the current exchange rate. The Subscriber
agrees to be bound by the terms and conditions set forth in the attached “Terms
and Conditions of Subscription for Shares”. 

	
      Subscriber Information 
	 	
      Shares to be Purchased 

	 	 	 
	
      
	 	
      

	
      (Name of Subscriber) 
	 	
      

	
       
	 	
      _______________________________________________________

	
      Account Reference (if applicable):
      ________________________________________
	 	
      (Number of Shares) 

	
       
	 	
       

	
      X 
	 	
      

	
      (Signature of Subscriber – if the Subscriber is an
      Individual) 
	 	
      

	
	 	
      

	
      X 
	 	
      

	
      (Signature of Authorized Signatory – if the Subscriber is
      not an Individual) 
	 	
      Please complete if purchasing as agent or trustee for
      a principal (beneficial purchaser) (a “Disclosed Principal”) and
      not purchasing as trustee or agent for accounts fully managed by
      it. 

	
       
	 	
       

	
      (Name and Title of Authorized Signatory – if the
      Subscriber is not an Individual) 
	 	
      (Name of Disclosed Principal) 

	
       
	 	
       

	
      (SIN, SSN, or other Tax Identification Number of the
      Subscriber) 
	 	
      (Address of Disclosed Principal) 

	
       
	 	
       

	
      (Subscriber’s Address, including postal or zip code)
    
	 	
      (Account Reference, if applicable) 

	
	 	
      

		 	 
	
      
	 	
      (SIN, SSN, or other Tax Identification Number of
      Disclosed Principal) 

	 	 	 
	
      (Telephone Number) (Email Address) 
	 	
      

	 	 	 
	 	 	 
	
       
	 	
       

	
      Register the Shares as set forth below: 
	 	
      Deliver the Shares as set forth below: 

	
       
	 	
       

	
      (Name to Appear on Share Certificate) 
	 	
      (Attention - Name) 

	
       
	 	
       

	
      (Account Reference, if applicable) 
	 	
      (Account Reference, if applicable) 

	 	 	 
	
      
	 	
      (Street Address, including postal or zip code – no PO
      Boxes permitted) 

	
      (Address, including postal or zip code) 
	 	
      

	
      
	 	
      (Telephone Number) 

	
       
	 	
       

	
      Number and kind of securities of the Issuer held,
      directly or indirectly, or over which control or direction is
      exercised by, the Subscriber, if any (i.e., shares, warrants,
      options): 

      _____________________________________________________________

      _____________________________________________________________
	 	
      1.      State whether
      the Subscriber is an Insider of the Issuer: 

                                                   Yes 
      [  ]  No  [  ]

      2.      State whether
      the Subscriber is a registrant: 

                                                    
      Yes   [  ]  No  [ 
]

State whether the Subscriber (or the Authorized Signatory of
the Subscriber) has read and fully understands the Canadian Investor
Questionnaire attached as Exhibit A to this Private Placement Subscription
Agreement: 
Yes  [  ]  No  [ 
]

- 3 - 

ACCEPTANCE 

The Issuer hereby accepts the Subscription (as defined herein)
on the terms and conditions contained in this private placement subscription
agreement (this “Agreement”) as of the day of ______________, 2017 (the
“Closing Date”). 

COUNTERPATH CORPORATION 

	Per: 	___________________________________________
	                        
    	Authorized Signatory 
	  	  
	Address: 	Suite 300, One Bentall Centre 
	  	505 Burrard Street 
	  	Vancouver, BC V7X 1M3 
	Fax: 	(604) 320-3399 
	Email: 	dkarp@counterpath.com 
	Attention: 	David Karp 

- 4 - 

TERMS AND CONDITIONS OF SUBSCRIPTION FOR SHARES 

	1. 	
      Subscription

1.1                                    On the basis of the representations and warranties, and
subject to the terms and conditions, set forth in this Agreement, the Subscriber
hereby irrevocably subscribes for and agrees to purchase such number of Shares
as is set forth on page 2 of this Agreement at a price per Share equal to the
Subscription Price (the product of such number of Shares and the Subscription
Price being the “Subscription Amount”), which Subscription Amount is
tendered herewith (such subscription and agreement to purchase being the
“Subscription”), and the Issuer agrees to sell the Shares to the
Subscriber, effective upon the Issuer’s acceptance of this Agreement. 

1.2                                    The Subscriber acknowledges that the Shares have been
offered to the Subscriber as part of an offering by the Issuer of additional
Shares to other subscribers (the “Offering”). 

1.3                                    All dollar amounts referred to in this Agreement are in
lawful money of the United States of America, unless otherwise indicated.

	2. 	
      Payment

2.1                                    The Subscription Amount must accompany this Subscription
and will be paid: (i) if the Subscriber is drawing funds from a Canadian bank to
pay for this Subscription, by a certified cheque or bank draft drawn on a
Canadian chartered bank or by wire transfer to the Issuer pursuant to wiring
instructions to be provided by the Issuer upon request from the Subscriber; or
(ii) if the Subscriber is drawing funds from any source other than a Canadian
chartered bank to pay for this Subscription, then only by wire transfer to the
Issuer pursuant to wiring instructions to be provided by the Issuer upon request
from the Subscriber. If the Subscription Amount is wired or sent to Clark Wilson
LLP (the “Issuer’s Counsel”), the Subscriber irrevocably authorizes the
Issuer’s Counsel to immediately deliver the Subscription Amount to the Issuer
upon receipt of the Subscription Amount from the Subscriber, notwithstanding
that such delivery may be made by the Issuer’s Counsel to the Issuer prior to
the closing of the Offering (the “Closing”). The Subscriber authorizes
the Issuer to treat the Subscription Amount as an interest free loan until the
Closing. 

2.2                                    The Subscriber acknowledges and agrees that this Agreement,
the Subscription Amount and any other documents delivered in connection herewith
will be held by or on behalf of the Issuer. In the event that this Agreement is
not accepted by the Issuer for whatever reason, which the Issuer expressly
reserves the right to do, the Issuer will return the Subscription Amount
(without interest thereon) to the Subscriber at the address of the Subscriber as
set forth on page 2 of this Agreement, or as otherwise directed by the
Subscriber. 

	3. 	
      Documents Required from
  Subscriber

	3.1 	
      The Subscriber must complete, sign and return to the
      Issuer the following documents:

	 	(a) 	
      this Agreement;

	 	 	 
	 	(b) 	
      the Canadian Investor Questionnaire (the “Canadian
      Questionnaire”) attached as Exhibit A that starts on page 15, along
      with any additional evidence that may be requested by the Issuer to verify
      the information provided in the Canadian
Questionnaire;

- 5 - 

	 	(c) 	
      if the Subscriber is a U.S. Purchaser (as defined in
      Exhibit B), the United States Accredited Investor Questionnaire (the
      “U.S. Questionnaire” and, together with the Canadian Questionnaire,
      the “Questionnaires”) attached as Exhibit B that starts on page
      29;

	 	 	 
	 	(d) 	
      if the Subscriber is not subscribing through a person
      registered as a broker or an exempt market dealer (as defined in National
      Instrument 31-103 – Registration Requirements and Exemptions) or
      the Subscriber is acquiring the Shares directly from the Issuer without
      involvement of a finder, the “Risk Acknowledgement Form” attached as
      Exhibit C that is on page 32; and

	 	 	 
	 	(e) 	
      such other supporting documentation that the Issuer or
      the Issuer’s Counsel may request to establish the Subscriber’s
      qualification as a qualified investor,

and the Subscriber acknowledges and agrees that the Issuer will
not consider the Subscription for acceptance unless the Subscriber has provided
all of such documents to the Issuer. 

3.2                                    As soon as practicable upon any request by the Issuer, the
Subscriber will complete, sign and return to the Issuer any additional
documents, questionnaires, notices and undertakings as may be required by any
regulatory authorities or applicable laws. 

3.3                                    The Issuer and the Subscriber acknowledge and agree that
the Issuer’s Counsel has acted as counsel only to the Issuer and is not
protecting the rights and interests of the Subscriber. The Subscriber
acknowledges and agrees that the Issuer and the Issuer’s Counsel have given the
Subscriber the opportunity to seek, and are hereby recommending that the
Subscriber obtain, independent legal advice with respect to the subject matter
of this Agreement and, further, the Subscriber hereby represents and warrants to
the Issuer and the Issuer’s Counsel that the Subscriber has sought independent
legal advice or waives such advice. 

	4. 	
      Conditions and
Closing

4.1                                    The Closing Date will occur on such date as may be
determined by the Issuer in its sole discretion. The Issuer may, at its
discretion, elect to close the Offering in one or more closings. 

	4.2 	
      The Closing is conditional upon and subject
  to:

	 	(a) 	
      the Issuer having obtained all necessary approvals and
      consents, including regulatory approvals for the Offering;

	 	 	 
	 	(b) 	
      the issue and sale of the Shares being exempt from the
      requirement to file a prospectus and the requirement to deliver an
      offering memorandum under applicable securities laws relating to the sale
      of the Shares, or the Issuer having received such orders, consents or
      approvals as may be required to permit such sale without the requirement
      to file a prospectus or deliver an offering memorandum; and

	 	 	 
	 	(c) 	
      the Issuer having obtained approval of the Toronto Stock
      Exchange for the Offering.

4.3                                    The Subscriber acknowledges that the certificates
representing the Shares will be available for delivery within five business days
of the Closing Date, provided that the Subscriber has satisfied the requirements
of Section 3 hereof and the Issuer has accepted this Agreement. 

- 6 - 

	5. 	
      Acknowledgements and Agreements of the
      Subscriber

	5.1 	
      The Subscriber acknowledges and agrees
  that:

	 	(a) 	
      none of the Shares have been or will be registered under
      the United States Securities Act of 1933, as amended, (the “1933
      Act”), or under any securities or “blue sky” laws of any state of the
      United States, and, unless so registered, may not be offered or sold in
      the United States or, directly or indirectly, to any U.S. Person (as
      defined in Section 6.2), except in accordance with the provisions of
      Regulation S under the 1933 Act (“Regulation S”), pursuant to an
      effective registration statement under the 1933 Act, or pursuant to an
      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, provincial and foreign securities laws;

	 	 	 
	 	(b) 	
      the Issuer has not undertaken, and will have no
      obligation, to register any of the Shares under the 1933 Act or any other
      securities legislation;

	 	 	 
	 	(c) 	
      the Issuer will refuse to register the transfer of any of
      the Shares to a U.S. Person not made pursuant to an effective registration
      statement under the 1933 Act or pursuant to an available exemption from
      the registration requirements of the 1933 Act and in each case in
      accordance with applicable laws;

	 	 	 
	 	(d) 	
      the decision to execute this Agreement and acquire the
      Shares has not been based upon any oral or written representation as to
      fact or otherwise made by or on behalf of the Issuer and such decision is
      based entirely upon a review of any public information which has been
      filed by the Issuer with any Canadian provincial securities commissions
      and the United States Securities and Exchange Commission (collectively,
      the “Public Record”);

	 	 	 
	 	(e) 	
      the Issuer and others will rely upon the truth and
      accuracy of the acknowledgements, representations, warranties, covenants
      and agreements of the Subscriber contained in this Agreement and the
      Questionnaires, as applicable, and agrees that if any of such
      acknowledgements, representations and agreements are no longer accurate or
      have been breached, the Subscriber will promptly notify the
  Issuer;

	 	 	 
	 	(f) 	
      there are risks associated with the purchase of the
      Shares, as more fully described in the Issuer’s periodic disclosure
      forming part of the Public Record;

	 	 	 
	 	(g) 	
      the Subscriber and the Subscriber’s advisor(s) have had a
      reasonable opportunity to ask questions of and receive answers from the
      Issuer in connection with the distribution of the Shares hereunder, and to
      obtain additional information, to the extent possessed or obtainable
      without unreasonable effort or expense, necessary to verify the accuracy
      of the information about the Issuer;

	 	 	 
	 	(h) 	
      a portion of this Offering may be sold pursuant to an
      agreement between the Issuer and one or more agents registered in
      accordance with applicable securities laws, in which case the Issuer will
      pay a fee and/or compensation securities on terms as set out in such
      agency agreement;

	 	 	 
	 	(i) 	
      finder’s fees or broker’s commissions may be payable by
      the Issuer to finders who introduce subscribers to the
  Issuer;

- 7 - 

	 	(j) 	
      the books and records of the Issuer were available upon
      reasonable notice for inspection, subject to certain confidentiality
      restrictions, by the Subscriber during reasonable business hours at its
      principal place of business, and all documents, records and books in
      connection with the distribution of the Shares hereunder have been made
      available for inspection by the Subscriber, its legal counsel and/or its
      advisor(s);

	 	 	 
	 	(k) 	
      all of the information which the Subscriber has provided
      to the Issuer is correct and complete, and if there should be any change
      in such information prior to the Closing, the Subscriber will immediately
      notify the Issuer, in writing, of the details of any such
change;

	 	 	 
	 	(l) 	
      the Issuer is entitled to rely on the representations and
      warranties of the Subscriber contained in this Agreement and the
      Questionnaires, as applicable, and the Subscriber will hold harmless the
      Issuer from any loss or damage it or they may suffer as a result of the
      Subscriber’s failure to correctly complete this Agreement or the
      Questionnaires, as applicable;

	 	 	 
	 	(m) 	
      there are restrictions on the Subscribers ability to
      resell the Shares and it’s the responsibility of the Subscriber to find
      out what those restrictions are the to comply with them before selling the
      Shares;

	 	 	 
	 	(n) 	
      the Subscriber has been advised to consult the
      Subscriber’s own legal, tax and other advisors with respect to the merits
      and risks of an investment in the Shares and with respect to applicable
      resale restrictions, and it is solely responsible (and the Issuer is not
      in any way responsible) for compliance with:

	 	(i) 	
      any applicable laws of the jurisdiction in which the
      Subscriber is resident in connection with the distribution of the Shares
      hereunder, and

	 	 	 
	 	(ii) 	
      applicable resale
restrictions;

	 	(o) 	
      there may be material tax consequences to the Subscriber
      of an acquisition or disposition of the Shares and the Issuer gives no
      opinion and makes no representation to the Subscriber with respect to the
      tax consequences to the Subscriber under federal, state, provincial, local
      or foreign tax laws that may apply to the Subscriber’s acquisition or
      disposition of the Shares;

	 	 	 
	 	(p) 	
      the Subscriber consents to the placement of a legend or
      legends on any certificate or other document evidencing any of the Shares
      setting forth or referring to the restrictions on transferability and sale
      thereof contained in this Agreement, with such legend(s) to be
      substantially as follows:

	
      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”). 

	
      

	
       
	
      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.

- 8 - 

	
      UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER
      OF THESE SECURITIES SHALL NOT TRADE THE SECURITIES BEFORE [four months
      and one day from the Closing Date.]. 

	 
	
	
      THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE LISTED
      ON THE TORONTO STOCK EXCHANGE (THE “TSX”); HOWEVER, THE SAID SECURITIES
      CANNOT BE TRADED THROUGH THE FACILITIES OF THE TSX SINCE THEY ARE NOT
      FREELY TRANSFERABLE, AND CONSEQUENTLY ANY CERTIFICATE REPRESENTING SUCH
      SECURITIES IS NOT “GOOD DELIVERY” IN SETTLEMENT OF TRANSACTIONS ON THE
      TSX. 

	 	(q) 	
      the Issuer has advised the Subscriber that the Issuer is
      relying on an exemption from the requirements to provide the Subscriber
      with a prospectus and to sell the Shares through a person registered to
      sell securities under provincial securities laws and other applicable
      securities laws, and, as a consequence of acquiring the Shares pursuant to
      such exemption, certain protections, rights and remedies provided by
      applicable securities laws (including the various provincial securities
      acts), including statutory rights of rescission or damages, will not be
      available to the Subscriber;

	 	 	 
	 	(r) 	
      no securities commission or similar regulatory authority
      has reviewed or passed on the merits of any of the Shares;

	 	 	 
	 	(s) 	
      there is no government or other insurance covering any of
      the Shares; and

	 	 	 
	 	(t) 	
      this Agreement is not enforceable by the Subscriber
      unless it has been accepted by the Issuer and the Issuer reserves the
      right to reject this Subscription for any reason
  whatsoever.

	6. 	
      Representations and Warranties of the
      Subscriber

6.1                                The
Subscriber hereby represents and warrants to the Issuer (which representations
and warranties will survive the Closing) that: 

	 	(a) 	
      unless the Subscriber has completed Exhibit
  B:

	 	(i) 	
      the Subscriber is not in the United States, is not a U.S.
      Person, is not purchasing the Shares for the account or benefit of a U.S.
      Person, did not receive the offer to buy the Shares while in the United
      States and it (or its authorized signatory) was outside of the United
      States at the time its buy order was placed and this Agreement was
      executed,

- 9 - 

	 	(ii) 	
      offers and sales of any of the Shares prior to the
      expiration of the period specified in Regulation S (such period
      hereinafter referred to as the “Distribution Compliance Period”)
      shall only be made in compliance with the safe harbor provisions set forth
      in Regulation S, pursuant to the registration provisions of the 1933 Act
      or pursuant to an exemption therefrom, and all offers and sales after the
      Distribution Compliance Period shall be made only in compliance with the
      registration provisions of the 1933 Act or an exemption therefrom, and in
      each case only in accordance with applicable state, provincial and foreign
      securities laws,

	 	 	 
	 	(iii) 	
      the Subscriber has not acquired the Shares as a result
      of, and will not himself, herself or itself engage in, any “directed
      selling efforts” (as defined in Regulation S) in the United States in
      respect of any of the Shares which would include any activities undertaken
      for the purpose of, or that could reasonably be expected to have the
      effect of, conditioning the market in the United States for the sale of
      the Shares, and

	 	 	 
	 	(iv) 	
      hedging transactions involving the Shares may not be
      conducted unless such transactions are in compliance with the provisions
      of the 1933 Act and in each case only in accordance with applicable
      securities laws;

	 	(b) 	
      the Subscriber is resident in the jurisdiction set out on
      page 2 of this Agreement;

	 	 	 
	 	(c) 	
      if the Subscriber is resident outside of Canada or the
      United States:

	 	(i) 	
      the Subscriber is knowledgeable of, or has been
      independently advised as to, the applicable securities laws having
      application in the jurisdiction in which the Subscriber is resident (the
      “International Jurisdiction”) which would apply to the offer and
      sale of the Shares,

	 	 	 
	 	(ii) 	
      the Subscriber is purchasing the Shares pursuant to
      exemptions from prospectus or equivalent requirements under applicable
      laws or, if such is not applicable, the Subscriber is permitted to
      purchase the Shares under the applicable securities laws of the
      International Jurisdiction without the need to rely on any
    exemptions,

	 	 	 
	 	(iii) 	
      the applicable securities laws of the International
      Jurisdiction do not require the Issuer to make any filings or seek any
      approvals of any kind from any securities regulator of any kind in the
      International Jurisdiction in connection with the offer, issue, sale or
      resale of any of the Shares,

	 	 	 
	 	(iv) 	
      the purchase of the Shares by the Subscriber does not
      trigger:

	 	A. 	
      any obligation to prepare and file a prospectus or
      similar document, or any other report with respect to such purchase in the
      International Jurisdiction, or

	 	 	 
	 	B. 	
      any continuous disclosure reporting obligation of the
      Issuer in the International Jurisdiction, and

- 10 - 

	 	(v) 	
      the Subscriber will, if requested by the Issuer, deliver
      to the Issuer a certificate or opinion of local counsel from the
      International Jurisdiction which will confirm the matters referred to in
      subparagraphs (ii), (iii) and (iv) above to the satisfaction of the
      Issuer, acting reasonably;

	 	(d) 	
      the Subscriber: (i) has adequate net worth and means of
      providing for the Subscriber’s current financial needs and possible
      personal contingences, (ii) has no need for liquidity in this investment,
      (iii) has such knowledge and experience in business matters as to be
      capable of evaluating the merits and risks of the Subscriber’s prospective
      investment in the Shares, (iv) is able to bear the economic risks of an
      investment in the Shares for an indefinite period of time, and (v) can
      afford the complete loss of the Subscription Amount;

	 	 	 
	 	(e) 	
      the Subscriber has the legal capacity and competence to
      enter into and execute this Agreement and to take all actions required
      pursuant hereto and, if the Subscriber is a corporate entity, it is duly
      incorporated and validly subsisting under the laws of its jurisdiction of
      incorporation and all necessary approvals by its directors, shareholders
      and others have been obtained to authorize execution and performance of
      this Agreement on behalf of the Subscriber;

	 	 	 
	 	(f) 	
      the entering into of this Agreement and the transactions
      contemplated hereby do not result in the violation of any of the terms and
      provisions of any law applicable to, or, if applicable, the constating
      documents of, the Subscriber or of any agreement, written or oral, to
      which the Subscriber may be a party or by which the Subscriber is or may
      be bound;

	 	 	 
	 	(g) 	
      the Subscriber has duly executed and delivered this
      Agreement and it constitutes a valid and binding agreement of the
      Subscriber enforceable against the Subscriber;

	 	 	 
	 	(h) 	
      the Subscriber has received and carefully read this
      Agreement;

	 	 	 
	 	(i) 	
      the Subscriber is aware that an investment in the Issuer
      is speculative and involves certain risks, including those risks disclosed
      in the Public Record and the possible loss of the entire Subscription
      Amount;

	 	 	 
	 	(j) 	
      the Subscriber has made an independent examination and
      investigation of an investment in the Shares and the Issuer and agrees
      that the Issuer will not be responsible in any way for the Subscriber’s
      decision to invest in the Shares and the Issuer;

	 	 	 
	 	(k) 	
      the Subscriber is not an underwriter of, or dealer in,
      any of the Shares, nor is the Subscriber participating, pursuant to a
      contractual agreement or otherwise, in the distribution of the
    Shares;

	 	 	 
	 	(l) 	
      the Subscriber is not aware of any advertisement of any
      of the Shares and is not acquiring the Shares 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 or television, or any
      seminar or meeting whose attendees have been invited by general
      solicitation or general advertising;

	 	 	 
	 	(m) 	
      no person has made to the Subscriber any written or oral
      representations:

	 	(i) 	
      that any person will resell or repurchase any of the
      Shares,

- 11 - 

	 	(ii) 	
      that any person will refund the purchase price of any of
      the Shares, or

	 	 	 
	 	(iii) 	
      as to the future price or value of any of the
    Shares;

	 	(n) 	
      the funds representing the Subscription Amount will not
      represent proceeds of crime for the purposes of the Uniting and
      Strengthening America by Providing Appropriate Tools Required to Intercept
      and Obstruct Terrorism Act (the “PATRIOT Act”) and the
      Subscriber acknowledges that the Issuer may in the future be required by
      law to disclose the Issuer’s name and other information relating to this
      Agreement and the Subscription, on a confidential basis, pursuant to the
      PATRIOT Act; and

	 	 	 
	 	(o) 	
      no portion of the Subscription Amount to be provided by
      the Subscriber: (i) has been or will be derived from or related to any
      activity that is deemed criminal under the laws of the United States of
      America, or any other jurisdiction, or (ii) is being tendered on behalf of
      a person or entity who has not been identified to or by the Subscriber,
      and (iii) the Subscriber shall promptly notify the Issuer if the
      Subscriber discovers that any of such representations ceases to be true
      and will provide the Issuer with appropriate information in connection
      therewith.

6.2                                    In this Agreement, the term “U.S. Person” will have
the meaning ascribed thereto in Regulation S, and for the purpose of this
Agreement includes, but is not limited to: (a) any person in the United States;
(b) any natural person resident in the United States; (c) any partnership or
corporation organized or incorporated under the laws of the United States; (d)
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 1933 Act, unless it is organized or incorporated, and owned, by
accredited investors who are not natural persons, estates or trusts; or (e) any
estate or trust of which any executor or administrator or trustee is a U.S.
Person. 

	7. 	
      Representations and Warranties will be Relied Upon
      by the Issuer

7.1                                    The Subscriber acknowledges and agrees that the
representations and warranties contained in this Agreement are made by it with
the intention that such representations and warranties may be relied upon by the
Issuer and the Issuer’s Counsel in determining the Subscriber’s eligibility to
purchase the Shares under applicable laws, or, if applicable, the eligibility of
others on whose behalf the Subscriber is contracting hereunder to purchase the
Shares under applicable laws. The Subscriber further agrees that, by accepting
delivery of the certificates representing the Shares, it will be representing
and warranting that the representations and warranties contained herein are true
and correct as at the Closing Date with the same force and effect as if they had
been made by the Subscriber on the Closing Date and that they will survive the
purchase by the Subscriber of the Shares and will continue in full force and
effect notwithstanding any subsequent disposition by the Subscriber of such
Shares. 

	8. 	
      Acknowledgement and
Waiver

8.1                                    The Subscriber has acknowledged that the decision to
acquire the Shares was solely made on the basis of the Public Record. The
Subscriber hereby waives, to the fullest extent permitted by law, any rights of
withdrawal, rescission or compensation for damages to which the Subscriber might
be entitled in connection with the distribution of any of the Shares. 

	9. 	
      Legending and Registration of Subject
      Securities

9.1                                    The Subscriber hereby acknowledges that a legend or legends
may be placed on the certificates representing the Shares to the effect that the
Shares represented by such certificates are subject to a hold period and may not be traded until the expiry of such
hold period except as permitted by applicable securities laws, and the
Subscriber consent to the placement of such legend(s) on any certificate
representing the Shares. 

- 12 -

9.2                                    The Subscriber hereby acknowledges and agrees to the Issuer
  making a notation on its records or giving instructions to the registrar and
  transfer agent of the Issuer in order to implement the restrictions on transfer
set forth and described in this Agreement. 

	10. 	
      Collection of Personal
  Information

10.1                  The Subscriber acknowledges and consents to the fact that
the Issuer is collecting the Subscriber’s personal information for the purpose
of fulfilling this Agreement and completing the Offering. The Subscriber
acknowledges that its personal information (and, if applicable, the personal
information of those on whose behalf the Subscriber is contracting hereunder)
may be included in record books in connection with the Offering and may be
disclosed by the Issuer to: (a) stock exchanges or securities regulatory
authorities, (b) the Issuer's registrar and transfer agent, (c) Canadian tax
authorities, (d) authorities pursuant to the Proceeds of Crime (Money
Laundering) and Terrorist Financing Act (Canada) and (e) any of the other
parties involved in the Offering, including the Issuer’s Counsel. By executing
this Agreement, the Subscriber is deemed to be consenting to the foregoing
collection, use and disclosure of the Subscriber's personal information (and, if
applicable, the personal information of those on whose behalf the Subscriber is
contracting hereunder) for the foregoing purposes and to the retention of such
personal information for as long as permitted or required by applicable laws.
Notwithstanding that the Subscriber may be purchasing the Shares as agent on
behalf of an undisclosed principal, the Subscriber agrees to provide, on
request, particulars as to the nature and identity of such undisclosed
principal, and any interest that such undisclosed principal has in the Issuer,
all as may be required by the Issuer in order to comply with the foregoing. 

Furthermore, the Subscriber is hereby notified that: 

	 	(a) 	
      the Issuer may deliver to any securities commission
      having jurisdiction over the Issuer, the Subscriber or this Subscription,
      including any Canadian provincial securities commissions, the United
      States Securities and Exchange Commission and/or any state securities
      commissions (collectively, the “Commissions”), certain personal
      information pertaining to the Subscriber, including the Subscriber’s full
      name, residential address and telephone number, the number of Shares or
      other securities of the Issuer owned by the Subscriber, the number of
      Shares purchased by the Subscriber, the total Subscription Amount paid for
      the Shares, the prospectus exemption relied on by the Issuer and the date
      of distribution of the Shares;

	 	 	 
	 	(b) 	
      such information is being collected indirectly by the
      Commissions under the authority granted to them in applicable securities
      laws;

	 	 	 
	 	(c) 	
      such information is being collected for the purposes of
      the administration and enforcement of applicable securities laws;
    and

	 	 	 
	 	(d) 	
      the Subscriber may contact the following public official
      in Ontario with respect to questions about the Ontario Securities
      Commission’s indirect collection of such information at the following
      address and telephone number:

- 13 - 

  
    
Administrative Assistant to the Director of Corporate Finance

Ontario Securities Commission 

Suite 1903, Box 55 

20 Queen Street West 

Toronto,
ON M5H 3S8 

Telephone: (416) 593-8086. 

    

  

	11. 	
      Costs

11.1                                    The Subscriber acknowledges and agrees that all costs and
expenses incurred by the Subscriber (including any fees and disbursements of any
special counsel retained by the Subscriber) relating to the purchase of the
Shares will be borne by the Subscriber. 

	12. 	
      Governing Law

12.1                                    This Agreement is governed by the laws of the Province of
British Columbia and the federal laws of Canada applicable therein. The
Subscriber, in its personal or corporate capacity and, if applicable, on behalf
of each beneficial or undisclosed purchaser for whom it is acting, irrevocably
attorns to the exclusive jurisdiction of the courts of the Province of British
Columbia. 

	13. 	
      Survival

13.1                                    This Agreement, including, without limitation, the
representations, warranties and covenants contained herein, will survive and
continue in full force and effect and be binding upon the parties hereto
notwithstanding the completion of the purchase of the Shares by the Subscriber
pursuant hereto. 

	14. 	
      Assignment

	14.1 	
      This Agreement is not transferable or
  assignable.

	15. 	
      Severability

15.1                                    The invalidity or unenforceability of any particular
provision of this Agreement will not affect or limit the validity or
enforceability of the remaining provisions of this Agreement. 

	16. 	
      Entire Agreement

16.1                                    Except as expressly provided in this Agreement and in the
exhibits, agreements, instruments and other documents attached hereto or
contemplated or provided for herein, this Agreement contains the entire
agreement between the parties with respect to the sale of the Shares and there
are no other terms, conditions, representations or warranties, whether
expressed, implied, oral or written, by statute or common law, by the Issuer or
by anyone else. 

	17. 	
      Notices

17.1                                    All notices and other communications hereunder will be in
writing and will be deemed to have been duly given if mailed or transmitted by
any standard form of telecommunication, including facsimile, electronic mail or
other means of electronic communication capable of producing a printed copy.
Notices to the Subscriber will be directed to the address of the Subscriber set
forth on page 2 of this Agreement and notices to the Issuer will be directed to
it at the address of the Issuer set forth on page 3 of this Agreement. 

- 14 - 

	18. 	
      Execution of Subscription Agreement and Electronic
      Means

18.1                                    The Issuer and the Issuer’s Counsel will be entitled to
rely on delivery by email or other means of electronic communication capable of
producing a printed copy of an executed copy of this Agreement, and acceptance
by the Issuer of such email or electronic copy will be equally effective to
create a valid and binding agreement between the Subscriber and the Issuer in
accordance with the terms hereof as of the Closing Date. If less than a complete
copy of this Agreement is delivered to the Issuer or the Issuer’s Counsel prior
to or at the Closing, the Issuer and the Issuer’s Counsel are entitled to assume
that the Subscriber accepts and agreed to all of the terms and conditions of the
pages of this Agreement that have not been delivered by the Subscriber. 

	19. 	
      Counterparts

19.1                                    This Agreement may be executed in any number of
counterparts, each of which, when so executed and delivered, will constitute an
original and all of which together will constitute one instrument.

	20. 	
      Exhibits

	20.1 	
      The exhibits attached hereto form part of this
      Agreement.

	21. 	
      Indemnity

21.1                                    The Subscriber will indemnify and hold harmless the Issuer
and, where applicable, its directors, officers, employees, agents, advisors and
shareholders, from and against any and all loss, liability, claim, damage and
expense whatsoever (including, but not limited to, any and all fees, costs and
expenses whatsoever reasonably incurred in investigating, preparing or defending
against any claim, lawsuit, administrative proceeding or investigation whether
commenced or threatened) arising out of or based upon any representation or
warranty of the Subscriber contained in this Agreement, the Questionnaires, as
applicable, or in any document furnished by the Subscriber to the Issuer in
connection herewith being untrue in any material respect or any breach or
failure by the Subscriber to comply with any covenant or agreement made by the
Subscriber to the Issuer in connection therewith. 

- 15 - 

EXHIBIT A 

CANADIAN INVESTOR QUESTIONNAIRE 

(ALBERTA, BRITISH COLUMBIA, MANITOBA, NEWFOUNDLAND AND
LABRADOR, 
NEW BRUNSWICK, NOVA SCOTIA, ONTARIO, PRINCE EDWARD ISLAND, QUEBEC,
AND 
SASKATCHEWAN) 

TO:        
COUNTERPATH CORPORATION (the “Issuer”) 

RE:          Purchase
of common shares (the “Shares”) of the Issuer 

Capitalized terms used in this Canadian Investor Questionnaire
(this “Questionnaire”) and not specifically defined have the meaning
ascribed to them in the Private Placement Subscription Agreement between the
Subscriber and the Issuer to which this Exhibit A is attached. All dollar
amounts referred to in this Questionnaire are in lawful money of Canada, unless
otherwise indicated. 

In connection with the purchase by the Subscriber (being the
undersigned, or if the undersigned is purchasing the Shares as agent on behalf
of a disclosed beneficial Subscriber, such beneficial Subscriber, will be
referred herein as the “Subscriber”) of the Shares, the Subscriber hereby
represents, warrants and certifies to the Issuer that the Subscriber: 

	 	(i) 	
      is purchasing the Shares as principal (or deemed
      principal under the terms of National Instrument 45-106 – Prospectus
      Exemptions adopted by the Canadian Securities Administrators (“NI
      45-106”));

	 	 	 
	 	(ii) 	
      (A)                
      is resident in or is subject to the laws of one of the following (check
      one):

	 	[  ]  Alberta 	[  ]  New Brunswick  	[  ]  Prince Edward Island 
	 	 	 	 
	 	[  ]  British Columbia 	[  ]  Nova Scotia 	[  ]  Quebec 
	 	 	 	 
	 	[  ]  Manitoba	[  ]  Ontario 	[  ]  Saskatchewan 
	 	 	 	 
	 	[  ]  Newfoundland and
    Labrador 	 	  
	 	 	 	 
	 	[  ]  United States:
      ________________________________________   (List State of
      Residence) 

or 

	 	(B) 	
       [  ]  is resident in a country other than
      Canada or the United States; and

	 	(iii) 	
      has not been provided with any offering memorandum in
      connection with the purchase of the Shares.

In connection with the purchase of the Shares of the Issuer,
the Subscriber hereby represents, warrants, covenants and certifies that the
Subscriber meets one or more of the following criteria: 

- 16 - 

	I. 	
      SUBSCRIBERS PURCHASING UNDER THE “ACCREDITED INVESTOR”
      EXEMPTION

	(a) 	
      ___________ 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 Trust and Loan Companies Act
      (Canada) or under comparable legislation in another jurisdiction of
      Canada, and

	 	
       

	(b) 	
      the Subscriber is an “accredited investor” within the
      meaning of NI 45-106, by virtue of satisfying the indicated criterion
      below (YOU MUST: (1) INITIAL OR PLACE A CHECK-MARK ON THE APPROPRIATE
      LINE(S) BELOW, AND (2) IF YOU SELECT ANY OF CATEGORIES (i), (iii) or (iv)
      BELOW, MUST ALSO COMPLETE AND SIGN APPENDIX “A” TO THIS QUESTIONNAIRE)
      (see certain guidance with respect to accredited investors that
      starts on page 22 below):

		[  ]	(i) 	
      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,
      

	 	 	  	
		[  ]	(ii) 	
      an individual who beneficially owns financial assets
      having an aggregate realizable value that, before taxes but net of any
      related liabilities, exceeds $5,000,000, 

	 	 	  	
		[  ]	(iii) 	
      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,
    

	 	 	  	
	 	[  ]	(iv) 	
      an individual who, either alone or with a spouse, has net
      assets of at least $5,000,000, 

	 	 	  	
		[  ]	(v) 	
      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 (viii), 

	 	 	  	
		[  ]	(vi) 	
      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. 

	II. 	
      SUBSCRIBERS PURCHASING UNDER THE “FAMILY, FRIENDS AND
      BUSINESS ASSOCIATES” EXEMPTION

	(a) 	
      the Subscriber is (please initial or place a check-mark
      on the appropriate line below and provide the requested information, as
      applicable):

		[ ] 	(i) 	
      a director, executive officer or control person of the
      Issuer, or of an affiliate of the Issuer, 

	 	 	  	
       

		[ ] 	(ii) 	
      a spouse, parent, grandparent, brother, sister, child or
      grandchild of _____________________________________ (print name of
      person), who is a director, executive officer or control person of the
      Issuer or of an affiliate of the Issuer, 

	 	 	  	
       

		[ ] 	(iii) 	
      a parent, grandparent, brother, sister, child or
      grandchild of the spouse of _________________________________ (print
      name of person), who is a director, executive officer or control person of the Issuer or of an
affiliate of the Issuer, 

- 17 - 

		[   ]	(iv) 	
      _____________a close personal friend (see guidance on
      making this determination that starts on page 24 below) of
      ________________________ (print name of person), who is a director,
      executive officer, founder or control person of the Issuer, or of an
      affiliate of the Issuer, and has been for ___________________years based
      on the following factors: 

	 	  	  	
      

	 	  	  	
      

	 	  	  	
      

	 	  	  	
      

	 	  	  	
	 	  	  	
      ________________________________________________________________________________________________________(explain
      the nature of the close personal friendship), 

	 	  	  	
		[   ]	(v) 	
      a close business associate (see guidance on making
      this determination that starts on page 24 below) of
      ________________________ (print name of person), who is a director,
      executive officer, founder or control person of the Issuer, or of an
      affiliate of the Issuer, and has been for ___________________years based
      on the following factors 

	 	 	 	
       

	 	  	  	
      

	 	  	  	
      

	 	  	  	
      

	 	  	  	
      

	 	  	  	
				
      ________________________________________________________________________________________________________(explain
      the nature of the close business association), 

	 	  	  	
      

		[   ]	(vi) 	
      a founder of the Issuer or a spouse, parent, grandparent,
      brother, sister, child, grandchild, close personal friend or close
      business associate (see guidance on making these determinations
      that starts on page 24 below) of ________________________ (print
      name of person), who is a founder of the Issuer, and, if a close
      personal friend or close business associate of such person, has been for
      ___________________ years based on the following factors: 

	 	 	 	
       

	 	  	  	
      

	 	  	  	
      

	 	  	  	
      

	 	  	  	
      

	 	  	  	
	 	  	  	
      ________________________________________________________________________________________________________(explain
      the nature of the close personal friendship or business
      association), 

	 	  	  	  
		[   ]	(vii) 	a parent, grandparent, brother, sister, child
      or grandchild of the spouse of ________________________ (print name of
      person), who is a founder of the Issuer, 
	 	  	  	  
		[   ]	(viii) 	a 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 
	 	  	  	  
	 	[   ]	(ix) 	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, 

- 18 - 

	(b) 	
      if the Subscriber is resident in the Province of Ontario
      or is subject to the securities laws of the Province of Ontario, the
      Subscriber has provided the Issuer with a signed risk acknowledgement form
      (to be provided by the Issuer on request), and

	 	 
	(c) 	
      if the Subscriber is resident in the Province of
      Saskatchewan or is subject to the securities laws of the Province of
      Saskatchewan, and the Subscriber is relying on the indicated criterion as
      set out in subsections II(a)(iv), II(a)(v) or II(a)(viii) or II(a)(ix) if
      the distribution is based in whole or in part on a close personal
      friendship or a close business association, the Subscriber has provided
      the Issuer with a signed risk acknowledgement form (to be provided by
      the Issuer on request).

	III. 	
      SUBSCRIBERS PURCHASING UNDER THE “EMPLOYEE, EXECUTIVE
      OFFICER, DIRECTOR AND CONSULTANT”
EXEMPTION

	(a) 	
      the Subscriber is (please initial or place a check-mark
      on the appropriate line below):

	 	[   ]	(i) 	an employee, executive officer, director or
      consultant of the Issuer; 
	 	 	 	 
		[   ] 	(ii) 	an employee, executive officer, director or
      consultant of a related entity of the Issuer; or 
	 	 	 	 
	 	[   ]	(iii) 	a permitted assign of a person referred to in
      paragraphs (a)(i) or (a)(ii); and 

	(b) 	
      the Subscriber covenants, represents and warrants to the
      Issuer that:

		[   ] 	(i) 	
      in the case of a Subscriber that is an employee or an
      employee’s permitted assign, the Subscriber is not induced to participate
      in the distribution by expectation of employment or continued employment
      of the employee with the Issuer or a related entity of the Issuer;
  

	 	  	  	
       

			(ii) 	
      in the case of a Subscriber that is an executive officer
      or an executive officer’s permitted assign, the Subscriber is not induced
      to participate in the distribution by expectation of appointment,
      employment, continued appointment or continued employment of the executive
      officer with the Issuer or a related entity of the Issuer; 

	 	  	  	
       

			(iii) 	
      in the case of a Subscriber that is a consultant or a
      consultant’s permitted assign, the Subscriber is not induced to
      participate in the distribution by expectation of engagement of the
      consultant to provide services or continued engagement of the consultant
      to provide services to the Issuer or a related entity of the Issuer; or
      

	 	  	  	
       

			(iv) 	
      in the case of a Subscriber that is an employee of a
      consultant, the Subscriber is not induced by the Issuer, a related entity
      of the Issuer, or the consultant to participate in the distribution by
      expectation of employment or continued employment with the consultant.
    

- 19 - 

	III. 	
      MINIMUM AMOUNT
INVESTMENT

	(i) 	
      the Subscriber is not an individual as that term is
      defined in applicable Canadian securities laws,

	 	 
	(i) 	
      the Subscriber is purchasing the Shares as principal for
      its own account and not for the benefit of any other person,

	 	 
	(ii) 	
      the Shares have an acquisition cost to the Subscriber of
      not less than $150,000, payable in cash at the Closing, and

	 	 
	(iii) 	
      the Subscriber was not created and is not being used
      solely to purchase or hold securities in reliance on the prospectus
      exemption 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
      Shares.

For the purposes of the this Questionnaire and Appendix “A”
attached to this Questionnaire: 

	 	(a) 	
      an issuer is “affiliated” with another issuer
      if

	 	(i) 	
      one of them is the subsidiary of the other, or

	 	 	 
	 	(ii) 	
      each of them is controlled by the same
  person;

	 	(b) 	
      “consultant” means, for an issuer, a person, other
      than an employee, executive officer, or director of the issuer or of a
      related entity of the issuer, that:

	 	(i) 	
      is engaged to provide services to the issuer or a related
      entity of the issuer, other than services provided in relation to a
      distribution,

	 	 	 
	 	(ii) 	
      provides the services under a written contract with the
      issuer or a related entity of the issuer, and

	 	 	 
	 	(iii) 	
      spends or will spend a significant amount of time and
      attention on the affairs and business of the issuer or a related entity of
      the issuer

and includes 

	 	(iv) 	
      for an individual consultant, a corporation of which the
      individual consultant is an employee or shareholder, and a partnership of
      which the individual consultant is an employee or partner, and

	 	 	 
	 	(v) 	
      for a consultant that is not an individual, an employee,
      executive officer, or director of the consultant, provided that the
      individual employee, executive officer, or director spends or will spend a
      significant amount of time and attention on the affairs and business of
      the issuer or a related entity of the issuer;

	 	(c) 	
      “control person” means

	 	(i) 	
      a person who holds a sufficient number of the voting
      rights attached to all outstanding voting securities of an issuer to
      affect materially the control of the issuer,
or

- 20 - 

	 	(ii) 	
      each person in a combination of persons, acting in
      concert by virtue of an agreement, arrangement, commitment or
      understanding, which holds in total a sufficient number of the voting
      rights attached to all outstanding voting securities of an issuer to
      affect materially the control of the issuer,

and, if a person or combination of
persons holds more than 20% of the voting rights attached to all outstanding
voting securities of an issuer, the person or combination of persons is deemed,
in the absence of evidence to the contrary, to hold a sufficient number of the
voting rights to affect materially the control of the issuer; 

	 	(d) 	
      director” means

	 	(i) 	
      a member of the board of directors of a company or an
      individual who performs similar functions for a company, and

	 	 	 
	 	(ii) 	
      with respect to a person that is not a company, an
      individual who performs functions similar to those of a director of a
      company;

	 	(e) 	
      “executive officer” means, for an issuer, an
      individual who is

	 	(i) 	
      a chair, vice-chair or president,

	 	 	 
	 	(ii) 	
      a vice-president in charge of a principal business unit,
      division or function including sales, finance or production, or

	 	 	 
	 	(iii) 	
      performing a policy-making function in respect of the
      issuer;

	 	(f) 	
      “financial assets”
means

	 	(i) 	
      cash,

	 	 	 
	 	(ii) 	
      securities, or

	 	 	 
	 	(iii) 	
      a contract of insurance, a deposit or an evidence of a
      deposit that is not a security for the purposes of securities
      legislation;

	 	(g) 	
      “founder” means, in respect of an issuer, a person
      who,

	 	(i) 	
      acting alone, in conjunction, or in concert with one or
      more persons, directly or indirectly, takes the initiative in founding,
      organizing or substantially reorganizing the business of the issuer,
      and

	 	 	 
	 	(ii) 	
      at the time of the distribution or trade is actively
      involved in the business of the issuer”;

	 	(h) 	
      “holding entity” means a person that is controlled
      by an individual;

	 	 	 
	 	(i) 	
      “individual” means a natural person, but does not
      include

	 	(i) 	
      a partnership, unincorporated association, unincorporated
      syndicate, unincorporated organization or trust,
or

- 21 - 

	 	(ii) 	
      a natural person in the person's capacity as a trustee,
      executor, administrator or personal or other legal
  representative;

	 	(j) 	
      “permitted assign” means, for a person that is an
      employee, executive officer, director or consultant of an issuer or of a
      related entity of the issuer,

	 	(i) 	
      a trustee, custodian, or administrator acting on behalf
      of, or for the benefit of the person,

	 	 	 
	 	(ii) 	
      a holding entity of the person,

	 	 	 
	 	(iii) 	
      a RRSP, RRIF, or TFSA (each as defined in NI 45-106) of
      the person,

	 	 	 
	 	(iv) 	
      a spouse of the person,

	 	 	 
	 	(v) 	
      a trustee, custodian, or administrator acting on behalf
      of, or for the benefit of the spouse of the person,

	 	 	 
	 	(vi) 	
      a holding entity of the spouse of the person,
or

	 	 	 
	 	(vii) 	
      a RRSP, RRIF, or TFSA of the spouse of the
  person;

	 	(k) 	
      “person” includes

	 	(i) 	
      an individual,

	 	 	 
	 	(ii) 	
      a corporation,

	 	 	 
	 	(iii) 	
      a partnership, trust, fund and an association, syndicate,
      organization or other organized group of persons, whether incorporated or
      not, and

	 	 	 
	 	(iv) 	
      an individual or other person in that person’s capacity
      as a trustee, executor, administrator or personal or other legal
      representative;

	 	(l) 	
      “related entity” means, for an issuer, a person
      that controls or is controlled by the issuer or that is controlled by the
      same person that controls the issuer;

	 	 	 
	 	(m) 	
      “related liabilities”
means

	 	(i) 	
      liabilities incurred or assumed for the purpose of
      financing the acquisition or ownership of financial assets, or

	 	 	 
	 	(ii) 	
      liabilities that are secured by financial assets,
    and

	 	(n) 	
      “spouse” means, an individual
  who,

	 	(i) 	
      is married to another individual and is not living
      separate and apart within the meaning of the Divorce Act (Canada),
      from the other individual,

	 	 	 
	 	(ii) 	
      is living with another individual in a marriage-like
      relationship, including a marriage-like relationship between individuals
      of the same gender, or

- 22 - 

	 	(iii) 	
      in Alberta, is an individual referred to in paragraph (i)
      or (ii), or is an adult interdependent partner within the meaning of the
      Adult Interdependent Relationships Act
(Alberta).

Guidance On Accredited Investor Exemptions for
Individuals 

An individual accredited investor is an individual: 

	 	(a) 	
      who, either alone or with a spouse, beneficially owns
      financial assets (please see the guidance below regarding what financial
      assets are) having an aggregate realizable value that. before taxes but
      net of any related liabilities (please see the guidance below regarding
      what related liabilities are), exceeds $1,000,000;

	 	 	 
	 	(b) 	
      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;

	 	 	 
	 	(c) 	
      who, either alone or with a spouse, has net assets
      (please see the guidance below regarding calculating net assets) of at
      least $5,000,000; and

	 	 	 
	 	(d) 	
      who beneficially owns financial assets (please see the
      guidance below regarding what financial assets are) having an aggregate
      realizable value that, before taxes but net of any related liabilities
      (please see the guidance below regarding what related liabilities are),
      exceeds $5,000,000.

The monetary thresholds above are intended to create
bright-line standards. Subscribers who do not satisfy these monetary thresholds
do not qualify as accredited investors. 

Spouses 

Sections (a), (b) and (c) above are designed to treat spouses
as a single investing unit, so that either spouse qualifies as an accredited
investor if the combined financial assets of both spouses exceed $1,000,000, the
combined net income of both spouses exceeds $300,000, or the combined net assets
of both spouses exceed $5,000,000. Section (d) above does not treat spouses as a
single investing unit.

If the combined net income of both spouses does not exceed
$300,000, but the net income of one of the spouses exceeds $200,000, only the
spouse whose net income exceeds $200,000 qualifies as an accredited investor.

Financial Assets and Related Liabilities 

For the purposes of Sections (a) and (d) above, “financial
assets” means: (1) cash, (2) securities, or (3) a contract of insurance, a
deposit or an evidence of a deposit that is not a security for the purposes of
securities legislation. These financial assets are generally liquid or
relatively easy to liquidate. The value of a subscriber’s personal residence is
not included in a calculation of financial assets. 

The calculation of financial assets must exclude “related
liabilities”, meaning: (1) liabilities incurred or assumed for the purpose
of financing the acquisition or ownership of financial assets, or (2)
liabilities that are secured by financial assets. 

- 23 - 

As a general matter, it should not be difficult to determine
whether financial assets are beneficially owned by an individual, an
individual’s spouse, or both, in any particular instance. However, in the case
where financial assets are held in a trust or in another type of investment
vehicle for the benefit of an individual, there may be questions as to whether
the individual beneficially owns the financial assets. The following factors are
indicative of beneficial ownership of financial assets: 

	 	• 	physical or constructive possession of evidence
      of ownership of the financial asset; 
	 	 	 
	 	• 	entitlement to receipt of any income generated
      by the financial asset; 
	 	 	 
	 	• 	risk of loss of the value of the financial
      asset; and 
	 	 	 
	 	• 	the ability to dispose of the financial asset
      or otherwise deal with it as the individual sees fit. 

For example, securities held in a self-directed RRSP for the
sole benefit of an individual are beneficially owned by that individual. 

In general, financial assets in a spousal RRSP can be included
for the purposes of the $1,000,000 financial asset test in Section (a) above
because Section (a) takes into account financial assets owned beneficially by a
spouse. However, financial assets in a spousal RRSP cannot be included for
purposes of the $5,000,000 financial asset test in Section (d) above.

Financial assets held in a group RRSP under which the
individual does not have the ability to acquire the financial assets and deal
with them directly do not meet the beneficial ownership requirements in either
Sections (a) or (d) above. 

Net Assets

For the purposes of Section (c) above, “net assets”
means all of a subscriber’s total assets minus all of the subscriber’s total
liabilities. Accordingly, for the purposes of the net asset test, the
calculation of total assets includes the value of a subscriber’s personal
residence, and the calculation of total liabilities includes the amount of any
liability (such as a mortgage) in respect of the subscriber’s personal
residence. 

To calculate a subscriber’s net assets under the net asset
test, subtract the subscriber’s total liabilities from the subscriber’s total
assets. The value attributed to assets should reasonably reflect their estimated
fair value. Income tax is considered a liability if the obligation to pay it is
outstanding at the time of the distribution of the security to the subscriber by
the Issuer. 

Guidance On Accredited Investor Exemptions for
Corporations, Trusts and Other Entities 

Accredited investors that are corporations, trusts or other
entities include: 

	 	(a) 	
           a corporation, trust or other
      entity, other than an investment fund, that has net assets (please see the
      guidance below regarding calculating net assets) of at least $5,000,000 as
      shown on its most recently prepared financial statements in accordance
      with applicable generally accepted accounting principles and that has not
      been created or used solely to purchase or hold securities as an
      accredited investor;

	 	 	 
	 	(b) 	
           a corporation, trust or other
      entity 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;
  and

- 24 - 

	 	(c) 	
           a trust established by an
      accredited investor for the benefit of the accredited investor’s family
      members of which a majority of the trustees are accredited investors and
      all of the beneficiaries are the accredited investor’s spouse, a former
      spouse of the accredited investor or a parent, grandparent, brother,
      sister, child or grandchild of that accredited investor, of that
      accredited investor’s spouse or of that accredited investor’s former
      spouse.

Net Assets

For the purposes of Section (a) above, “net assets”
means all of the subscriber’s total assets minus all of the subscriber’s total
liabilities. The minimum net asset threshold of $5,000,000 specified in Section
(a) above must be shown on the entity’s most recently prepared financial
statements. The financial statements must be prepared in accordance with
applicable generally accepted accounting principles. 

Guidance on Close Personal Friend and Close Business
Associate Determination 

A “close personal friend” of a director, executive
officer, founder or control person of an issuer is an individual who knows the
director, executive officer, founder or control person well enough and has known
them for a sufficient period of time to be in a position to assess their
capabilities and trustworthiness and to obtain information from them with
respect to the investment.

The following factors are relevant to this determination: 

	 	(a) 	
      the length of time the individual has known the director,
      executive officer, founder or control person,

	 	 	 
	 	(b) 	
      the nature of the relationship between the individual and
      the director, executive officer, founder or control person including such
      matters as the frequency of contacts between them and the level of trust
      and reliance in the other circumstances, and

	 	 	 
	 	(c) 	
      the number of “close personal friends” of the director,
      executive officer, founder or control person to whom securities have been
      distributed in reliance on the private issuer exemption or the family,
      friends and business associates exemption.

An individual is not a close personal friend solely because the
individual is: 

	 	(a) 	
      a relative,

	 	 	 
	 	(b) 	
      a member of the same club, organization, association or
      religious group,

	 	 	 
	 	(c) 	
      a co-worker, colleague or associate at the same
      workplace,

	 	 	 
	 	(d) 	
      a client, customer, former client or former
    customer,

	 	 	 
	 	(e) 	
      a mere acquaintance, or

	 	 	 
	 	(f) 	
      connected through some form of social media, such as
      Facebook, Twitter or LinkedIn.

The relationship between the individual and the director,
executive officer, founder or control person must be direct. For example, the
exemption is not available to a close personal friend of a close personal friend
of a director of the issuer. Further, a relationship that is primarily founded
on participation in an internet forum is not considered to be that of a close
personal friend. 

- 25 - 

A “close business associate” is an individual who has
had sufficient prior business dealings with a director, executive officer,
founder or control person of the issuer to be in a position to assess their
capabilities and trustworthiness and to obtain information from them with
respect to the investment. 

The following factors are relevant to this determination: 

	 	(a) 	
      the length of time the individual has known the director,
      executive officer, founder or control person,

	 	 	 
	 	(b) 	
      the nature of any specific business relationships between
      the individual and the director, executive officer, founder or control
      person, including, for each relationship, when it began, the frequency of
      contact between them and when it terminated if it is not ongoing, and the
      level of trust and reliance in the other circumstances,

	 	 	 
	 	(c) 	
      the nature and number of any business dealings between
      the individual and the director, executive officer, founder or control
      person, the length of the period during which they occurred, and the
      nature and date of the most recent business dealing, and

	 	 	 
	 	(d) 	
      the number of “close business associates” of the
      director, executive officer, founder or control person to whom securities
      have been distributed in reliance on the private issuer exemption or the
      family, friends and business associates exemption.

An individual is not a close business associate solely because
the individual is: 

	 	(a) 	
      a member of the same club, organization, association or
      religious group,

	 	 	 
	 	(b) 	
      a co-worker, colleague or associate at the same
      workplace,

	 	 	 
	 	(c) 	
      a client, customer, former client or former
    customer,

	 	 	 
	 	(d) 	
      a mere acquaintance, or

	 	 	 
	 	(e) 	
      connected through some form of social media, such as
      Facebook, Twitter or LinkedIn.

The relationship between the individual and the director,
executive officer, founder or control person must be direct. For example, the
exemptions are not available for a close business associate of a close business
associate of a director of the issuer. Further, a relationship that is primarily
founded on participation in an internet forum is not considered to be that of a
close business associate. 

The Subscriber agrees that the above representations and
warranties will be true and correct both as of the execution of this
Questionnaire and as of the Closing and acknowledges that they will survive the
completion of the issue of the Shares. 

The Subscriber acknowledges that the foregoing representations
and warranties are made by the Subscriber with the intent that they be relied
upon in determining the suitability of the Subscriber to acquire the Shares 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 Shares.

- 26 - 

The Subscriber undertakes to immediately notify the Issuer of
any change in any statement or other information relating to the Subscriber set
forth in the Agreement or in this Questionnaire which takes place prior to the Closing. 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 laws. 

DATED as of _______day of __________________, 2017. 

	Print Name
      of Subscriber (or person signing as agent of the Subscriber) 
	
	  	 
	  	 
	By: 	 
	         	Signature 
	  	 
	  	 
		Print Name and Title of Authorized 
		Signatory (if Subscriber is not an individual)
    

- 27 - 

APPENDIX “A” 
TO CANADIAN INVESTOR QUESTIONNAIRE

Form 45-106F9 

Form for Individual Accredited Investors 

	WARNING! 
	This investment is risky. Don’t invest unless you can
      afford to lose all the money you pay for this investment.
  

	
      SECTION 1 TO BE COMPLETED BY THE ISSUER OR SELLING
      SECURITY HOLDER 

	
      1. About your investment 

	
      Type of securities: common shares 
	
      Issuer: CounterPath Corporation (the “Issuer”)
    

	
      Purchased from: Issuer 

	
      SECTIONS 2 TO 4 TO BE COMPLETED BY THE PURCHASER
      

	
      2. Risk acknowledgement 

	
      This investment is risky. Initial that you understand
      that: 
	Your 
initials
    
	
      Risk of loss – You could lose your entire
      investment of US$__________[Instruction: Insert the total dollar
      amount of the investment.] or the Subscription Amount (as defined in
      the subscription agreement), whichever is greater. 
	
	
      Liquidity risk – You may not be able to sell your
      investment quickly – or at all. 
	
      

	
      Lack of information – You may receive little or no
      information about your investment. 
	
      

	
      Lack of advice – You will not receive advice from
      the salesperson about whether this investment is suitable for you unless
      the salesperson is registered. The salesperson is the person who meets
      with, or provides information to, you about making this investment. To
      check whether the salesperson is registered, go to
      www.aretheyregistered.ca. 
	
	
      3. Accredited investor status 

	
      You must meet at least one of the following criteria to
      be able to make this investment. Initial the statement that applies to
      you. (You may initial more than one statement.) The person identified in
      section 6 is responsible for ensuring that you meet the definition of
      accredited investor. That person, or the salesperson identified in section
      5, can help you if you have questions about whether you meet these
      criteria. 
	Your 
initials
    
	
      • 
	
      Your net income before taxes was more than $200,000 in
      each of the 2 most recent calendar years, and you expect it to be more
      than $200,000 in the current calendar year. (You can find your net income
      before taxes on your personal income tax return.) 
	
	
      • 
	
      Your net income before taxes combined with your spouse’s
      was more than $300,000 in each of the 2 most recent calendar years, and
      you expect your combined net income before taxes to be more than $300,000 in the current calendar
      year. 
	

- 28 - 

	
    • 
	Either alone or with your spouse, you
      own more than $1 million in cash and securities, after subtracting any
      debt related to the cash and securities. 	
	• 	Either alone or with your spouse, you
      have net assets worth more than $5 million. (Your net assets are your
      total assets (including real estate) minus your total debt.) 	
	4.
      Your name and signature 
	By signing this form, you confirm that you have
      read this form and you understand the risks of making this investment as
      identified in this form. 
	First
      and last name (please print): 
	Signature: 	Date: 
	SECTION 5 TO BE COMPLETED BY THE SALESPERSON 
	5.
      Salesperson information 
	First
      and last name of salesperson (please print): David Karp 
	Telephone: 604-320-3344 	Email: dkarp@counterpath.com 
	Name of
      firm (if registered): not applicable 
	SECTION 6 TO BE COMPLETED BY THE ISSUER OR SELLING SECURITY
      HOLDER 
	6.
      For more information about this investment 
	For investment in a non-investment fund
      
CounterPath Corporation 
Suite 300, One Bentall
      Centre 
505 Burrard Street 
Vancouver, BC V7X 1M3
      
David Karp 
604-320-3344
      
dkarp@counterpath.com 
www.counterpath.com
      

For investment in an investment fund 
[Insert name of
      investment fund] 
[Insert name of investment fund manager]
      
[Insert address of investment fund manager] 
[Insert
      telephone number of investment fund manager] 
[Insert email
      address of investment fund manager] 
[If investment is purchased
      from a selling security holder, also insert name, address, telephone
      number and email address of selling security holder here]
      

For more information about prospectus exemptions, contact your
      local securities regulator. You can find contact information at
      www.securities-administrators.ca.

- 29 - 

EXHIBIT B 

UNITED STATES ACCREDITED INVESTOR QUESTIONNAIRE

Capitalized terms used in this United States Accredited
Investor Questionnaire (this “Questionnaire”) and not specifically
defined have the meaning ascribed to them in the Private Placement Subscription
Agreement between the Subscriber and the Issuer to which this Exhibit B is
attached. 

This Questionnaire applies only to persons that are U.S.
Purchasers. A “U.S. Purchaser” is (a) any U.S. Person, (b) any person
purchasing the Shares on behalf of any U.S. Person, (c) any person that receives
or received an offer of the Shares while in the United States, or (d) any person
that is in the United States at the time the Subscriber’s buy order was made or
this Agreement was executed or delivered. 

The Subscriber understands and agrees that none of the Shares
have been or will be registered under the 1933 Act, or applicable state,
provincial or foreign securities laws, and the Shares are being offered and sold
to the Subscriber in reliance upon the exemption provided in Section 4(a)(2) of
the 1933 Act and Rule 506 of Regulation D under the 1933 Act for non-public
offerings. The Shares are being offered and sold within the United States only
to “accredited investors” as defined in Rule 501(a) of Regulation D. The Shares
offered hereby are not transferable except in accordance with the restrictions
described herein. 

The Subscriber represents, warrants, covenants and certifies
(which representations, warranties, covenants and certifications will survive
the Closing) to the Issuer (and acknowledges that the Issuer is relying thereon)
that: 

	1. 	
      it is not resident in Canada;

	 	 
	2. 	
      it is acquiring the Shares for its own account, for
      investment purposes only and not with a view to any resale, distribution
      or other disposition of the Shares in violation of the United States
      securities laws;

	 	 
	3. 	
      it (i) has adequate net worth and means of providing for
      its current financial needs and possible personal contingencies, (ii) has
      no need for liquidity in this investment, and (iii) is able to bear the
      economic risks of an investment in the Shares for an indefinite period of
      time;

	 	 
	4. 	
      if the Subscriber 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
      “X” on the appropriate lines):

		__________	
      a natural person whose individual net worth, or joint net
      worth with that person’s spouse, exceeds US$1,000,000. For purposes of
      this category, “net worth” means the excess of total assets at fair market
      value (including personal and real property, but excluding the estimated
      fair market value of a person’s primary home) over total liabilities.
      Total liabilities excludes any mortgage on the primary home in an amount
      of up to the home’s estimated fair market value as long as the mortgage
      was incurred more than 60 days before the Shares are purchased, but
      includes (i) any mortgage amount in excess of the home’s fair market value
      and (ii) any mortgage amount that was borrowed during the 60 day period
      before the Closing Date for the purpose of investing in the Shares,
  

- 30 - 

		__________	
      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
      their 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, or 

	 	 	
      

	 	__________	
      a director or executive officer of the Issuer;
  

	5. 	
      if the Subscriber is a corporation, partnership, trust or
      other entity), then it satisfies one or more of the categories indicated
      below (please place an “X” on the appropriate
lines):

		__________	
      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 Shares, with total assets in excess of US$5,000,000,
    

	 	 	
       

		__________	
      a “bank” as defined under Section (3)(a)(2) of the 1933
      Act or savings and loan association or other institution as defined in
      Section 3(a)(5)(A) of the 1933 Act acting in its individual or fiduciary
      capacity; a broker dealer registered pursuant to Section 15 of the
      Securities Exchange Act of 1934 (United States); an insurance
      company as defined in Section 2(13) of the 1933 Act; an investment company
      registered under the Investment Company Act of 1940 (United States)
      or a business development company as defined in Section 2(a)(48) of such
      Act; 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 (United States); a plan with
      total assets in excess of US$5,000,000 established and maintained by a
      state, a political subdivision thereof, or an agency or instrumentality of
      a state or a political subdivision thereof, for the benefit of its
      employees; an employee benefit plan within the meaning of the Employee
      Retirement Income Security Act of 1974 (United States) whose
      investment decisions are made by a plan fiduciary, as defined in Section
      3(21) of such Act, which is either a bank, savings and loan association,
      insurance company or registered investment adviser, or if the employee
      benefit plan has total assets in excess of US$5,000,000, or, if a
      self-directed plan, whose investment decisions are made solely by persons
      that are accredited investors, 

	 	 	
       

		__________	
      a private business development company as defined in
      Section 202(a)(22) of the Investment Advisers Act of 1940 (United
      States), 

	 	 	
       

		__________	
      a trust with total assets in excess of US$5,000,000, not
      formed for the specific purpose of acquiring the Shares, whose purchase is
      directed by a sophisticated person as described in Rule 506(b)(2)(ii)
      under the 1933 Act, or 

	 	 	
       

		__________	
      an entity in which all of the equity owners satisfy the
      requirements of one or more of the categories set forth in Section 4
      above. 

	6. 	
      it understands and acknowledges that upon the issuance
      thereof, and until such time as the same is no longer required under the
      applicable requirements of the 1933 Act or applicable U.S. state laws and
      regulations, the certificates representing the Shares, and all securities
      issued in exchange therefor or in substitution thereof, will bear a legend
      in substantially the following form:

- 31 - 

“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 “SECURITIES
ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE
SECURITIES LAWS.”; 

	7. 	
      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 Questionnaire and the Agreement;

	 	 
	8. 	
      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 “United States”), is a “U.S.
      Person” as such term is defined in Regulation S or was in the United
      States at the time the Shares were offered or the Agreement was executed;
      and

	 	 
	9. 	
      it understands that the Issuer has no obligation to
      register the Shares or to take action so as to permit sales pursuant to
      the 1933 Act (including Rule 144 thereunder).

The Subscriber undertakes to notify the Issuer immediately of
any change in any representation, warranty or other information relating to the
Subscriber set forth herein which takes place prior to the Closing. 

Dated _____________________________, 2017. 

	X 
	Signature of individual (if Subscriber is an individual)
  
	 
	X 
	Authorized signatory (if Subscriber is not an individual)
    
	  
	 
	Name of Subscriber (please print) 
	  
	 
	Name of authorized signatory (please print)

- 32 - 

EXHIBIT C 

RISK ACKNOWLEDGEMENT FORM

Risk Acknowledgement under BCI
32-513
Registration exemption for trades 
in
connection with certain prospectus-exempt distributions 

Name of Issuer: COUNTERPATH CORPORATION 

Name of Seller:
_______________________________________

I acknowledge that 

	o 	the person selling me these securities is not
      registered with a securities regulatory authority and is prohibited from
      telling me that this investment is suitable for me; 
	 	 
	o 	the person selling me these securities does not
      act for me; 
	 	 
	o 	this is a risky investment and I could lose all
      my money; 
	 	 
	o 	the person selling me these securities has not
      provided financial services to me other than in connection with a
      Prospectus-Exempt Distribution; 
	 	 
	o 	the person selling me these securities does not
      hold or have access to my assets; 
	 	 
	o 	I am investing entirely at my own risk.
  

Date

_____________________________
Signature of Subscriber 

_____________________________
Print name of Subscriber 

______________________________________
Name of salesperson
acting on behalf of seller

Sign two copies of this document. Keep one copy for your
records.

National Instrument 45-106 Prospectus and Registration
Exemptions may require you to sign an additional risk acknowledgement form.
If you want advice about the merits of this investment and whether these
securities are a suitable investment for you, contact a registered adviser or
dealer.Exhibit
10.1

 

Execution
Copy

 

PURCHASE
AGREEMENT

 

PURCHASE
AGREEMENT (this “Agreement”) dated as of June 23, 2017, by and among POLARITYTE, INC., a Delaware corporation (“Seller”),
Majesco Entertainment Company, a Nevada corporation and a wholly-owned subsidiary of Seller (“Company”) and
Zift Interactive LLC, a Nevada limited liability company wholly-owned by Jesse Sutton (“Purchaser”).

 

WHEREAS,
the Seller (then called Majesco Entertainment Company) was engaged in the business of developing, publishing and distributing
video game products through both retail distribution (the “Retail Business”) and mobile and online digital
downloading (the “Business”); and

 

WHEREAS,
Seller has previously transferred, conveyed an assigned to Purchaser all of the assets, and Purchaser has heretofore assumed all
of the liabilities, of Seller relating to the operation of the Retail Business, on the terms and conditions set forth in that
certain Agreement of Conveyance, Transfer and Assignment of Assets and Assumption of Obligations between Seller and Purchaser
dated as of July 31, 2015.

 

WHEREAS,
Seller subsequently assigned to the Company, as assignee, the remaining assets and liabilities of the Seller which constitute
the Business, and the Company has since been engaged in the Business; and

 

WHEREAS,
the Purchaser wishes to acquire from the Seller, and the Seller wishes to sell to the Purchaser, 100% of the issued and outstanding
shares of Company, including all of the right, title and interest in and to the Business as heretofore conducted by Seller and/or
Company, as-is, where-is, without any representations or warranties related to the Business, other than representations and warranties
as provided herein related to Seller’s ownership of the Company.

 

NOW,
THEREFORE, in consideration of the premises and the representations, warranties and agreements herein contained, the parties
hereto agree as follows:

 

ARTICLE
1. – DEFINITIONS

 

1.1
Definitions. As used herein, the following terms have the following meanings:

 

“Agreement”
has the meaning specified in the introductory paragraph above.

 

“Liabilities”
has the meaning specified in Section 2.3 hereof.

 

“Business”
has the meaning specified in the recitals above.

 

“Closing”
has the meaning specified in Section 2.1 below.

 

“Closing
Date” means the date on which the Closing takes place.

 

“Damages”
means all claims, liabilities, damages, payments, obligations, losses, diminutions, costs and expenses (including reasonable attorneys’
fees, court costs, expert witness fees, transcript costs and other expenses of litigation), and judgments (at law or in equity)
of any nature, but shall not include incidental, special, indirect, consequential, exemplary or punitive damages unless such damages
are part of any judgment or award against an Indemnitee in actions by third parties to the extent that any such judgment or award
is subject to indemnification pursuant to Article 5.

 

    	1

    	 

    

 

“Encumbrance”
means any mortgage, lien, pledge, charge, security interest, conditional sale agreement, financing statement or encumbrance of
any kind, or any other type of preferential arrangement that has the practical effect of creating a security interest.

 

“Excluded
Liabilities” has the meaning specified in Section 2.1 hereof.

 

“Governmental
Entity” means any government or governmental, regulatory or administrative authority or agency, domestic or foreign.

 

“Indemnitee”
has the meaning specified in Section 5.4(a) hereof.

 

“Indemnitor”
has the meaning specified in Section 5.4(a) hereof.

 

“Laws”
means all applicable common law and any statute, law, code, ordinance, regulation, rule, resolution, order, determination, writ,
injunction, award (including, without limitation, any award of any arbitrator), judgments and decrees applicable to the specified
persons or entities and to the businesses and assets thereof.

 

“Liens”
means a lien, charge, pledge, security interest, encumbrance, right of first refusal, preemptive right or other restriction.

 

“Person”
means a natural person, corporation, partnership, Limited Liability Company, trust, Governmental Entity, or any other entity.

 

“Proceeding”
means an action, claim, suit, investigation or proceeding (including, without limitation, an informal investigation or partial
proceeding, such as a deposition), whether commenced or threatened.

 

“Purchase
Price” has the meaning specified in Section 2.2 hereof.

 

“Purchaser”
has the meaning specified in the introductory paragraph hereof.

 

“Seller”
has the meaning specified in the introductory paragraph above.

 

“Shares”
has the meaning specified in Section 2.1 hereof.

 

“Tax”
and “Taxes” means all federal, state and local property, sales and use, payroll, withholding, franchise and
income tax and all assessments, rates, levies, fees and other governmental charges.

 

    	2

    	 

    

 

ARTICLE
2. - SALE AND PURCHASE OF ASSETS

 

2.1
Purchase and Sale of Shares/Assumption of Liabilities. Subject to the terms and conditions of this Agreement and in reliance
upon the representations and warranties contained herein, at the Closing the Seller will sell, convey, assign, transfer and deliver,
and Purchaser will acquire, all of the issued and outstanding shares of the Company as set forth on Schedule A (the “Shares”)
annexed hereto. As a consequence of such purchase the Purchaser hereby assumes, or becomes obligated, and agrees, to pay, perform
and discharge all of those liabilities and claims with respect to the Business (whether existing on the Closing Date or arising
following the Closing Date, and whether incurred by Seller or Company, including, without limitation, any and all claims, costs,
liabilities and other charges asserted by or related to Zev Ausch or any associated persons and related to facts asserted in that
certain complaint filed against Jesse Sutton, Gili Lisani or Yair Goldfinger or any agreement, arrangement or understanding in
respect thereto (“Assumed Liabilities”), other than the Excluded Liabilities, and the Purchaser shall indemnify
and hold harmless Seller in respect of all such Assumed Liabilities. The Assumed Liabilities specifically include all liabilities
associated with the Business including, but not limited to: (i) any and all outstanding indebtedness of the Seller or Company
or their affiliates, (ii) any liability to vendors, consultants, licensors, partners, joint venturers and similar liabilities
and under contracts, agreements or understandings, whether written or oral, (iii) any liability for federal, state or local, income,
sales, property or other tax liability which accrued prior to or at Closing or pertains to any period of time prior to Closing
even if such liability becomes due after Closing or any tax liability of Company arising out of the transaction relating to the
Business, (iv) wages, bonus, compensation, consulting, insurance, retirement, welfare, social security, benefits, severance and
vacation pay and similar liabilities and obligations or any kind whatsoever for any employees or independent contractor engaged
by Seller, Company and or Purchaser prior to the Closing who following the Closing is hired or engaged by Company or Purchaser
and all litigation, indemnification, guaranties, bonds or similar obligations and all taxes, fines, penalties, or other similar
assessment imposed by any Governmental Entity which arise or result from any violation of law or regulations by Seller, Company
or Purchaser relating to the Business. Notwithstanding the foregoing, neither the Company nor the Purchaser will assume, and will
not be obligated to pay or indemnify Seller for, any of the liabilities set forth on Exhibit A annexed hereto and made
a part hereof (the “Excluded Liabilities”). Nothing herein will limit any claim for indemnification which Jesse
Sutton may have or have had as an officer or director of Seller or its affiliates.

 

2.2
Purchase Price. The aggregate purchase price (“Purchase Price”) for the Shares shall be paid to Seller
as follows:

 

	 	(i)	Cash
    payment by Purchaser to Seller in the amount of $100,000, payable $5,000 on the date of execution of this Agreement and $5,000
    on each of the 15th day of each of the following nineteen (19) months by wire transfer of immediately available
    funds;
	 	 	 
	 	(ii)	Commencing
    on, and for the one (1) year period following, the Closing Date, in addition to the Cash portion of the Purchase Price, the
    Seller shall be paid by the Company ten (10%) percent of net revenues actually received by Company in excess of $50,000 per
    month (“Royalty Payment”), payable within thirty (30) days of the end of each calendar quarter by wire
    transfer of immediately available funds; as used herein “net revenues” means all gross revenues, less costs of
    goods sold, credits and returns and all other deductions or credits, all as determined pursuant to Company’s customary
    accounting methods used in the preparation of its income tax returns; and
	 	 	 
	 	(iii)	Payment
    and assumption by Company of all Assumed Liabilities, other than the Excluded Liabilities.

 

2.3
Closing. The Closing shall take place on the date of execution hereof, at a time mutually acceptable to the parties hereto,
by electronic transmission of documents, wire transfer of funds and delivery of stock certificates and stock powers.

 

    	3

    	 

    

 

ARTICLE
3. - REPRESENTATIONS AND WARRANTIES OF THE SELLER

 

3.1
Organization, Good Standing. (a) The Company is a corporation duly incorporated or otherwise organized, validly existing
and in good standing under the laws of the State of Nevada, with the requisite power and authority to own and use its properties
and assets and to carry on its business as currently conducted. The Company is not in violation or default of any of the provisions
of its articles of incorporation, bylaws or other organizational or charter documents. The Company is duly qualified to conduct
business and is in good standing as a foreign corporation in each jurisdiction in which the nature of the business conducted or
property owned by it makes such qualification necessary, except where the failure to be so qualified or in good standing, as the
case may be, could not have or reasonably be expected to result in a material adverse effect on its properties or assets, taken
as a whole, and no Proceeding has been instituted in any such jurisdiction revoking, limiting or curtailing or seeking to revoke,
limit or curtail such power and authority or qualification.

 

(b)
The Seller is a corporation duly incorporated or otherwise organized, validly existing and in good standing under the laws of
the State of Delaware, with the requisite power and authority to own and use its properties and assets and to carry on its business
as currently conducted. The Seller is not in violation or default of any of the provisions of its articles of incorporation, bylaws
or other organizational or charter documents.

 

3.2
Authorization; Enforcement. Seller has the requisite corporate power and authority to enter into and to consummate the
transactions contemplated by this Agreement and otherwise to carry out its obligations hereunder and thereunder. The execution
and delivery of this by the Seller and the consummation by it of the transactions contemplated hereby and thereby have been duly
authorized by all necessary action on the part of the Seller and no further action is required by the Seller, its Board of Directors
or the Company. This Agreement has been (or upon delivery will have been) duly executed by the Seller and, when delivered in accordance
with the terms hereof and thereof, will constitute the valid and binding obligation of the Seller enforceable against the Seller
in accordance with its terms, except (i) as limited by general equitable principles and applicable bankruptcy, insolvency, reorganization,
moratorium and other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by
laws relating to the availability of specific performance, injunctive relief or other equitable remedies and (iii) insofar as
indemnification and contribution provisions may be limited by applicable law.

 

3.3
No Conflicts. The execution, delivery and performance by the Seller, the issuance and sale of the Shares and the consummation
by it of the transactions contemplated hereby and thereby do not and will not (i) conflict with or violate any provision of the
Seller’s or any Subsidiary’s certificate or articles of incorporation, bylaws or other organizational or charter documents,
or (ii) conflict with, or constitute a default (or an event that with notice or lapse of time or both would become a default)
under, result in the creation of any Lien upon any of the properties or assets of the Seller or the Company, or give to others
any rights of termination, amendment, acceleration or cancellation (with or without notice, lapse of time or both) of, any agreement,
credit facility, debt or other instrument (evidencing a Seller debt or otherwise) or other understanding to which the Seller is
a party or by which any property or asset of the Seller is bound or affected, or (iii) conflict with or result in a violation
of any law, rule, regulation, order, judgment, injunction, decree or other restriction of any court or governmental authority
to which the Seller is subject (including federal and state securities laws and regulations), or by which any property or asset
of the Seller is bound or affected.

 

3.4
Title; Sale of the Shares. Seller is the holder of record and beneficial owner of, and has good and valid title to, the
Shares, free and clear of all Liens, restrictions on transfer or Taxes. The Shares are duly authorized are and when delivered
to Purchaser will be, duly and validly issued, fully paid and nonassessable.

 

3.5
Broker. Seller has not incurred and will incur any liability for any brokerage fees, commissions, finders’ fees or
similar fees in connection with this Agreement or the transactions contemplated hereby for which Purchaser may become liable.

 

    	4

    	 

    

 

3.6
Litigation. There are no civil, criminal or administrative actions, suits, claims, hearings, investigations, arbitrations,
or proceedings pending or threatened against the Seller (or any of its affiliates) preventing, or which, if determined adversely
to the Seller (or any such affiliate) would prevent the Seller (or any such affiliate) from consummating the transactions contemplated
by this Agreement.

 

ARTICLE
4. - REPRESENTATIONS AND WARRANTIES OF THE PURCHASER

 

The
Purchaser hereby represents and warrants to the Seller and Company as follows:

 

4.1
Organization and Good Standing. The Purchaser is a limited liability company duly organized, validly existing and in good
standing under the laws of the State of Nevada and has all requisite corporate power and authority to own or hold under lease
its properties and assets and to carry on its business as now being conducted or as presently proposed to be conducted, and is
duly qualified and in good standing as a foreign corporation in each jurisdiction where the nature of the property owned or leased
or the business transacted by it makes such qualification necessary, except where the failure to be so qualified or in good standing,
as the case may be, could not have or reasonably be expected to result in a material adverse effect on its properties or assets,
taken as a whole, and no Proceeding has been instituted in any such jurisdiction revoking, limiting or curtailing or seeking to
revoke, limit or curtail such power and authority or qualification.

 

4.2
Authority Relative to this Agreement. The Purchaser has the requisite corporate power and authority to enter into this
Agreement, and to carry out its obligations hereunder. The execution and delivery of this Agreement, and the consummation of the
transactions contemplated hereby and thereby, have been duly authorized by the Board of Directors of the Purchaser, and do not
violate any provision of the Certificate of Incorporation or Bylaws of the Purchaser, and no other corporate proceedings on the
part of the Purchaser are necessary to authorize this Agreement and the transactions contemplated hereby and thereby.

 

4.3
Broker. The Purchaser has not incurred and will incur any liability for any brokerage fees, commissions, finders’
fees or similar fees in connection with this Agreement or the transactions contemplated hereby for which the Sellers may become
liable.

 

4.4
Litigation. There are no civil, criminal or administrative actions, suits, claims, hearings, investigations, arbitrations,
or proceedings pending or threatened against the Purchaser (or any of its affiliates) preventing, or which, if determined adversely
to the Purchaser (or any such affiliate) would prevent the Purchaser (or any such affiliate) from consummating the transactions
contemplated by this Agreement.

 

4.5
Name Transfer. Seller has duly transferred to Seller or surrendered all rights to the name “Majesco” in connection
with the Retail Business and the Business, and has not granted any such rights to any other Person.

 

ARTICLE
5. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; INDEMNIFICATION

 

5.1
Survival of Representations and Warranties of the Parties. Except as provided in the next sentence, all representations
and warranties made by any party hereto contained in this Agreement and the indemnification obligations of each party hereto,
shall survive the Closing Date until the second (2nd) anniversary of the Closing Date. Notwithstanding the foregoing, if a party
has made a claim for indemnification in accordance with the procedures set forth in this Article 5 on or prior to the expiration
of the applicable survival period referred to in the previous sentence, then the indemnity obligations relating to such claim
shall survive until the final resolution of such claim, as further provided in this Article 5.

 

    	5

    	 

    

 

5.2
Indemnification by the Purchaser. The Purchaser hereby agrees to indemnify and hold the Seller and its affiliates, subsidiaries,
parent companies, directors, officers, agents and employees harmless (subject to the terms of this Article 5) from and against
any and all Damages resulting from, arising out of or in connection with (i) any misrepresentation or breach of any warranty,
representation or covenant on the part of the Purchaser made herein, and (ii) the Assumed Liabilities.

 

5.3
Indemnification by the Seller. The Seller hereby agrees to indemnify and hold the Company, the Purchaser and their respective
affiliates, subsidiaries, parent companies, directors, officers, agents and employees harmless (subject to the terms of this Article
5) from and against any and all Damages resulting from, arising out of or in connection with (i) any misrepresentation or breach
of any warranty, representation or covenant on the part of the Seller made herein, and (ii) the Excluded Liabilities, provided
that, except in the case of fraud, the maximum liability of Seller pursuant to this Section 5.3 shall not exceed $100,000.

 

5.4
Procedure.

 

(a)
Upon receipt by one party of notice of any claim by a third party which might give rise to indemnification hereunder, or upon
such party’s discovery of facts which might give rise to indemnification hereunder including with respect to any breach
of any of Purchaser’s representation or warranties, covenants or agreements in this Agreement, the party claiming indemnification
hereunder (the “Indemnitee”) shall give prompt written notice to the other (the “Indemnitor”),
which notice shall describe in reasonable detail the Damages anticipated to be suffered (if ascertainable) and the specific circumstances
thereof, and specifying the provisions of this Agreement to which such claim for Damages relates (the “Damage Claim Notice”).
The Indemnitee may amend the Damage Claim Notice, without prejudice to its rights hereunder, if it becomes aware of facts indicating
that the Damages anticipated to be suffered have increased or decreased from those estimated in the previous Damage Claim Notice.
A failure to provide or amend the Damage Claim Notice shall not relieve the Indemnitor from any obligations or liabilities that
the Indemnitor may have to the Indemnitee hereunder, except to the extent that the Indemnitor has been adversely prejudiced as
a result of such failure. The Indemnitor shall be entitled to participate in the defense of any such claim or action which is
a third party claim or action at the Indemnitor’s own cost and, upon the prior written consent of the Indemnitee (which
consent shall not be unreasonably withheld or delayed), to assume the defense thereof, with counsel of Indemnitor’s own
choosing, the cost of which shall be paid for by the Indemnitor. Upon notice from Indemnitor to Indemnitee of Indemnitor’s
election to assume the defense, the Indemnitor will not be liable to the Indemnitee for any legal or other expenses subsequently
incurred by the Indemnitee in connection with the defense thereof. The Indemnitee may not compromise or settle any claim for which
it has asserted or may assert its right to indemnification without the prior written consent of the Indemnitor, which consent
shall not be unreasonably withheld or delayed. The Indemnitor may not compromise or settle any claim for which Indemnitor has
elected to assume the defense without Indemnitee’s prior written consent, unless (i) Indemnitor has acknowledged its obligation
to pay all Damages relating to such claim and has provided to Indemnitee evidence reasonably satisfactory to Indemnitee that Indemnitor
has the financial wherewithal to pay such Damages, (ii) such settlement will not contain any terms that would interfere in the
normal operations of the Indemnitee, and (iii) such settlement contains an unconditional release of all claims against the Indemnitee.

 

    	6

    	 

    

 

(b)
Upon receipt by Indemnitor of a Damage Claim Notice which does not relate to a third party claim, the Indemnitor and Indemnitee
shall make all reasonable efforts to promptly resolve such claim on an amicable basis within the thirty (30) day period following
such receipt. If not resolved, then the issues will be exclusively resolved by binding arbitration by the American Arbitration
Association in New York, New York, upon a party’s submission of the dispute to arbitration. The demand for arbitration shall
be made within a reasonable time after the claim, dispute or other matter in question has arisen, and in no event shall it be
made after two years from when the aggrieved party knew or should have known of the controversy, claim, dispute or breach. The
complaining party shall notify the other party in writing thereof.

 

(c)
The arbitration shall be conducted by one (1) arbitrator. If the parties are not able to agree upon the selection of an arbitrator,
within 20 days of commencement of an arbitration proceeding by service of a demand for arbitration, the arbitrator shall be selected
by the American Arbitration Association. The arbitrator so elected shall have at least five (5) years’ experience in resolving
commercial disputes involving indemnification claims similar to those under this Agreement. The arbitrator shall permit reasonable
document discovery and deposition of witnesses. The decision of the arbitrator shall be rendered as promptly as is feasible, and
shall be final and binding on the parties. The costs and expenses of the arbitration, including the arbitrator’s fees, shall
be shared equally by the parties.

 

5.5
Payment of Indemnification Obligations. Damages shall be due and owing when finally judicially determined to be covered
by the indemnities set forth in Article 5 hereof or otherwise as mutually agreed among the parties hereto. The Indemnitor shall,
within ten (10) business days following receipt of written demand by the Indemnitee, pay the Indemnitee or at the Indemnitee’s
direction in immediately available funds any and all Damages then due and owing.

 

5.6
Agreements Regarding Representations. It is understood that the Seller is not making any representations or warranties
except as expressly set forth in Article 3 hereof and the Purchaser is not making any representations or warranties except as
expressly set forth in Article 4 hereof. The representations and warranties of any party (a “Representing Party”)
shall not be affected or deemed waived by reason of any investigation made (or not made) by or on behalf of the other party, or
by reason of the fact that the other party knew or should have known that any such representation or warranty is or might be inaccurate
or untrue. Each Representing Party hereby acknowledges that, regardless of any investigation made (or not made) by or on behalf
of the other party, and regardless of the results of any such investigation, the other party has entered into this transaction
in express reliance upon the representations and warranties of the Representing Party made herein. The Representing Party further
acknowledges that, in connection with this transaction, the other party has furnished to the Representing Party good and sufficient
consideration in exchange for the Representing Party’s representations and warranties made herein.

 

ARTICLE
6. -THE CLOSING

 

6.1
Conditions to Each Party’s Obligations to Complete the Closing. The respective obligation of each party to close
the transactions described in Article 2 hereof shall be subject to the satisfaction prior to Closing of the following conditions:

 

(a)
No temporary restraining order, injunction or other order preventing the transactions contemplated by this Agreement shall have
been issued by any court or other governmental entity and remain in effect, and no litigation seeking the issuance of such an
order or injunction, or seeking relief against the Purchaser or the Sellers if the sale is consummated, shall be pending. In the
event any such order or injunction shall have been issued, each party agrees to use commercially reasonable efforts to have any
such injunction lifted.

 

    	7

    	 

    

 

(b)
All authorizations, consents, orders or approvals of, or declarations or filings with, or expiration of waiting periods imposed
by, any Governmental Entity necessary for the consummation of the transactions contemplated by this Agreement shall have been
filed, occurred or been obtained, unless failure to make such filing or obtain such approval would not be materially adverse to
the Purchaser, as reasonably determined by the Purchaser.

 

6.2
Conditions of Obligations of the Seller and Purchaser to Complete the Closing. The obligations of the Seller and the Purchaser
to complete the Closing are subject to the satisfaction of the following conditions, unless waived by the Seller or Purchaser,
as the case may be:

 

(a)
Seller’s Condition. At the Closing, the Purchaser shall deliver to the Seller an aggregate of $5,000.

 

(b)
Purchaser’s Condition. At the Closing, Seller shall deliver to Purchaser a certificate or certificates for the Shares,
duly issued in the name of Purchaser or assigned in blank or with blank stock powers attached.

 

ARTICLE
7. - GENERAL PROVISIONS

 

7.1
Expenses. Each party shall pay its own expenses (including legal and accounting costs and expenses) in connection with
the negotiation, preparation and consummation of this Agreement, and the transactions contemplated hereby.

 

7.2
Governing Law; Exclusive Jurisdiction. All questions concerning the construction, validity, enforcement and interpretation
of this Agreement and the relation of the parties hereunder shall be governed by and construed and enforced in accordance with
the internal laws of the State of New York, without regard to the principles of conflicts of law thereof. Each party agrees that
all Proceedings concerning the interpretations, enforcement and defense of the transactions contemplated by this Agreement (whether
brought against a party hereto or its respective affiliates, directors, officers, shareholders, partners, members, employees or
agents) shall be commenced exclusively in the state and federal courts sitting in the City of New York, Borough of Manhattan.
Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the City of New
York, Borough of Manhattan, for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated
hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any action or Proceeding, any claim that
it is not personally subject to the jurisdiction of any such court, that such action or Proceeding is improper or is an inconvenient
venue for such Proceeding. Each party hereby irrevocably waives personal service of process and consents to process being served
in any such action or Proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence
of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such service shall
constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any
way any right to serve process in any other manner permitted by law. If any party shall commence a Proceeding to enforce any provisions
of this Agreement, then the prevailing party in such action or Proceeding shall be reimbursed by the non-prevailing party for
its reasonable attorneys’ fees and other costs and expenses incurred with the investigation, preparation and prosecution
of such Action or Proceeding.

 

7.3
Headings. Article and Section headings used in this Agreement are for convenience only and shall not affect the meaning
or construction of this Agreement.

 

    	8

    	 

    

 

7.4
Notices. All notices and other communications hereunder shall be in writing and shall be deemed given if delivered personally
or mailed by certified mail (return receipt requested) or by courier (with proof of delivery and charges prepaid), to the parties
at the following address (or at such other address for a party as shall be specified by like notice);

 

If
to Purchaser:

 

Zift
Interactive LLC

1989
East 2nd Street

Brooklyn,
New York 11233

Attn:
Jesse Sutton

Telephone:
(732) 476-1969

 

With
a copy (which shall not be notice) to:

 

Meltzer,
Lippe, Goldstein & Breitstone, LLP

190
Willis Avenue

Mineola,
New York 11501

Attn:
David I. Schaffer, Esq.

Telephone:
(516) 747-0300 x 138

 

If
to Company:

 

PolarityTE,
Inc.

404I-T
Hadley Road

S.
Plainfield, New Jersey 07080

Attn:

Telephone:

 

With
a copy (which shall not be notice) to:

 

Sichenzia
Ross Ference Kesner LLP

61
Broadway, 32nd Floor

New
York, New York 10006

Attn:
Harvey Kesner, Esq.

Telephone:
(212) 930-9700

 

7.5
Parties in Interest. Neither this Agreement nor any rights hereunder may be assigned or otherwise transferred by either
party without the consent of the other party. All the terms and provisions of this Agreement shall be binding upon and inure to
the benefit of and be enforceable by the permitted successors and assigns of the parties hereto.

 

7.6
Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto and supersede all prior agreements
and understandings, both written and oral, with respect to the subject matter hereof.

 

7.7
Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed to be an original, and all
of which shall constitute one and the same agreement. This Agreement may be delivered by the exchange of signed signature pages
by facsimile transmission or by e-mail with a pdf copy or other replicating image attached, and any printed or copied version
of any signature page so delivered shall have the same force and effect as an originally signed version of such signature page.

 

    	9

    	 

    

 

7.8
Amendment. The terms of this Agreement may be amended, modified or waived only by an instrument in writing signed by or
on behalf of each of the parties against whom enforcement of such amendment, modification or waiver is sought.

 

7.9
Public Announcements. The Seller shall not make or allow any public announcements concerning the transactions contemplated
hereby without the Purchaser’s prior written consent.

 

7.10
Further Assurances. After Closing, each of the parties agree that, at the reasonable request of the other party, it shall
take actions and furnish such additional documents and instruments as may be necessary to better effectuate the transactions contemplated
by this Agreement.

 

7.11
Access to Information. The Purchaser shall provide Seller, its counsel, financial advisors, auditors and other authorized
representatives full access to such information as the Seller may from time to time reasonably request with respect to the Business
which reasonably relates to the representations and warranties hereunder. In addition, if a third party has brought a claim against
Seller or Purchaser, for the Assumed Liabilities or Excluded Liabilities, as the case may be, the other party will provide information
to the party against whom the claim is made and otherwise cooperate with such party as reasonably necessary to defend such claim.
Following Closing, Purchaser shall provide Seller monthly statements in reasonable detail to verify the amount of all Royalty
Payments and include a calculation report in reasonable detail with each such payment, and Seller shall have the full right of
inspection to review the books and accounts of Purchaser at any reasonable time or times on not less than 20 days prior written
notice, provided such right of inspection shall not exceed 2 times per year. In the event of any shortfall of Royalty Payments
that exceeds 25%, Purchaser shall pay interest at a rate of 5% per annum on any deficiency and pay the costs and expenses of Seller
in connection with such review and payment.

 

[Signatures
on Following Page]

 

    	10

    	 

    

 

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

 

	PURCHASER:	 
	 	 	 
	ZIFT INTERACTIVE LLC	 
	 	 	 
	By:	 	 
	 	Jesse Sutton	 
	 	Sole Member	 

 

	COMPANY:	 
	 	 	 
	MAJESCO ENTERTAINMENT COMPANY	 
	 	 	 
	By: 	 	 
	Name:	 	 
	Title:	 	 
	 	 	 
	SELLER:	 
	 	 	 
	POLARITYTE, INC.	 
	 	 	 
	By: 	 	 
	Name:	 	 
	Title:	 	 

 

[Signature
Page to Purchase Agreement]

 

    	 

    	 

    

 

SCHEDULE
A

 

Description
of Shares

 

    	 

    	 

    

 

EXHIBIT
A

 

Excluded
Liabilities

 

	●	All
    liabilities for Taxes arising from the activities of Seller or its affiliates (other than the Company) or from the inclusion
    of the Company in a consolidated group or consolidated tax returns of the Seller, or arising from any other matter or thing
    other than the operations, profits or losses of the Business.
	 	 
	●	All
    liabilities for royalties due or to become due from the Company for all periods prior to the Closing Date and which have not
    been paid prior to such date.
	 	 
	●	All
    liabilities of the Company due or to become due from the Company related to that certain claim and demand for arbitration
    pursuant to that certain License Agreement No. 27067 between Twentieth Century Fox Licensing and Merchandising and Majesco
    Entertainment Company dated as of March 31, 2009 in connection with “Alvin and the Chipmunks: The Squeakuel” and
    “Alvin and the Chipmunks: Chipwrecked” for all periods prior to the Closing Date.
	 	 
	●	All
    liabilities for wages, benefits, bonuses, compensation, consulting, insurance, retirement, welfare, social security, benefits,
    severance and vacation pay and similar liabilities and obligations or any kind whatsoever, including any 401(k) plan or other
    employee benefit plan liabilities for any employees or independent contractors who were employed or engaged by Seller, any
    of its affiliates or the Company prior to the Closing Date and who are not engaged by the Company or Purchaser immediately
    following the Closing.

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