Document:

Park Place Energy Corp.: Exhibit 10.1 - Filed by newsfilecorp.com

NONE OF THE SECURITIES TO WHICH THIS PRIVATE PLACEMENT
SUBSCRIPTION AGREEMENT (THE "SUBSCRIPTION AGREEMENT") RELATES HAVE BEEN
REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "1933
ACT"), OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE
OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS (AS DEFINED HEREIN)
EXCEPT 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 SECURITIES LAWS. 

PARK PLACE ENERGY CORP. 

PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT

ACCREDITED INVESTORS (U.S. AND NON-U.S.) 

INSTRUCTIONS TO PURCHASER 

	1. 	
      This Subscription Agreement is for use by U.S. and
      Non-U.S. Accredited Investors.

	 	 
	2. 	
      COMPLETE the information on page 2 of this
      Subscription Agreement.

	 	 
	3. 	
      COMPLETE the Canadian Questionnaire on page 15 of
      this Subscription Agreement.

	 	 
	4. 	
      If a U.S. resident, COMPLETE the Questionnaire
      attached on page 11 of this Subscription Agreement.

	 	 
	5. 	
      All other information must be filled in where
appropriate.

1

PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT

TO: PARK PLACE ENERGY CORP. (the “Issuer”) 

Subject and pursuant to the Terms set out on page 3 of this
Subscription Agreement, the General Provisions on pages 5 to 10 of this
Subscription Agreement and the other attached schedules and appendices, which
are hereby incorporated by reference, the Purchaser hereby irrevocably
subscribes for, and on Closing will purchase from the Issuer, the following
securities at the following price: 

	                                                          Shares
    
	US $0.20 per Share for a total purchase
      price of US $___________________ 
	The Purchaser owns, directly or indirectly,
      the following securities of the Issuer: 
 
	  
	[Check if applicable] The Purchaser
      is [   ] an affiliate of the Issuer or [   ]
      a professional advisor of the Issuer. 

The Purchaser directs the Issuer to issue, register and deliver
the certificates representing the Shares as follows: 

	REGISTRATION INSTRUCTIONS
    
 	 	DELIVERY INSTRUCTIONS
      
 
	Name to appear on certificate 
 	 	Name and account reference, if
      applicable 
	Account reference if applicable
    
 	 	Contact name 
	Address 
 	 	Address 
	  	 	Telephone Number

	
      EXECUTED by the Purchaser this ______ day of
      ___________________, 2013. By executing this Subscription
      Agreement, the Purchaser certifies that the Purchaser and any
      beneficial purchaser for whom the Purchaser is acting is resident in
      the jurisdiction shown as the “Address of Purchaser”.
  

	WITNESS: 	 	EXECUTION BY
      PURCHASER: 
	  	 	X 
	Signature of Witness 	 	Signature of individual (if Purchaser is an individual)
    
	  	 	X 
	Name of Witness 	 	Authorized signatory (if Purchaser is not an
      individual) 
	  	 	  
	Address of Witness 	 	Name of Purchaser (please print) 
	  	 	  
	  	 	Name of authorized signatory (please print) 
	Accepted this day of ____________________, 2013 	 	  
	PARK PLACE ENERGY CORP. 	 	Address of Purchaser (residence) 
	Per: 	 	  
	  	 	Telephone Number 
	Authorized Signatory 	 	  
	  	 	*E-mail address 
	 	 	 

*Required from all Purchasers 

By signing this acceptance, the Issuer agrees to be bound by
the Terms on page 3 of this Subscription Agreement, the General Provisions on
pages 5 to 10 of this Subscription Agreement and the other schedules and
appendices incorporated by reference. If funds are delivered to the Issuer’s
lawyers, they are authorized to release the funds to the Issuer without further
authorization from the Purchaser.

2

TERMS 

	Reference date of this Subscription
      Agreement 	____________________________ , 2013 (the
      “Agreement Date”) 
	 	 
	 The Offering 
	  	  
	The Issuer 	
      PARK PLACE ENERGY CORP. (the “Issuer”)
      
 

	Offering 	
      The offering consists of Shares (“Shares”) at US
      $0.20 per Share. Each Share will consist of one common share in the
      capital of the Issuer (each, a “Share”) subject to adjustment.
    

	  	
       

	  	
      The Shares are sometimes referred to herein to as the
      “Securities”. 

	  	
       

	Purchased Securities 	
      The “Purchased Securities” under this Subscription
      Agreement are Shares. 
 

	Offering Restrictions 	
      This offering is not subject to any minimum offering.
      
 

	Issue Price 	
      US $0.20 per Share. 
 

	Selling Jurisdictions 	
      The Shares may only be sold in jurisdictions where they
      may be lawfully sold (the “Selling Jurisdictions”) including,
      without limitation, all provinces of Canada, but excluding the Province of
      Quebec. 
 

	Securities Exemptions 	
      The offering will be made in accordance with the
      following prospectus registration exemptions: 
 

		
      (a) the Accredited Investor
      exemption as defined by Regulation D promulgated under the 1933 Act; or
      
 

		
      (b) the exemption afforded by
      Regulation S of the 1933 Act for offerings of securities in an offshore
      transaction to persons who are not U.S. persons; and 
 

		
      (c) the Accredited Investor
      exemption defined in Canadian National Instrument 45-106; or
    
 

		
      with the approval of the Issuer, such other exemptions as
      may be available pursuant to the securities laws of the Selling
      Jurisdictions. 
 

	Closing Date 	
      On or before December 30, 2013, or on such other date
      determined by the Issuer in its discretion. 

	Subscription Agreement (with related
      appendices, schedules and forms) 	Page 4 of 18 

	Resale restrictions and legends 	
      The Purchaser acknowledges that the certificates
      representing the Purchased Securities will bear the following legends:
    

	  	
       

	  	
      For U.S. purchasers: 

	  	
       

		
      “THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN
      REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
      “1933 ACT”). THESE SECURITIES MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE
      TRANSFERRED ONLY PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
      1933 ACT OR: (A) TO THE ISSUER, (B) OUTSIDE THE UNITED STATES IN
      COMPLIANCE WITH RULE 904 OF REGULATION S UNDER THE 1933 ACT, (C) IN
      COMPLIANCE WITH THE EXEMPTION FROM THE REGISTRATION REQUIREMENTS UNDER THE
      1933 ACT PROVIDED BY RULE 144 THEREUNDER, IF AVAILABLE, AND IN ACCORDANCE
      WITH APPLICABLE STATE SECURITIES LAWS, OR (D) WITH THE PRIOR CONSENT OF
      THE ISSUER, IN A TRANSACTION T HAT DOES NOT REQUIRE REGISTRATION UNDER THE
      1933 ACT OR ANY APPLICABLE STATE SECURITIES LAWS, AND THE HOLDER HAS
      FURNISHED TO THE ISSUER AN OPINION TO SUCH EFFECT FROM COUNSEL OF
      RECOGNIZED STANDING REASONABLY SATISFACTORY TO THE ISSUER PRIOR TO SUCH
      OFFER, SALE, PLEDGE OR TRANSFER.” 

	  	
       

	  	
      For Non-U.S. purchasers: 

	  	
       

		
      THIS PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT (THE
      "SUBSCRIPTION AGREEMENT") RELATES TO AN OFFERING OF SECURITIES IN AN
      OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS DEFINED
      HEREIN) PURSUANT TO REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF
      1933, AS AMENDED (THE "1933 ACT"). 

	  	
       

		
      NONE OF THE SECURITIES TO WHICH THIS SUBSCRIPTION
      AGREEMENT RELATES HAVE BEEN REGISTERED UNDER THE 1933 ACT, OR ANY U.S.
      STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR
      SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OR TO U.S. PERSONS (AS
      DEFINED HEREIN) 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.
      

	  	
       

		
      Purchasers are advised to consult with their own legal
      counsel or advisors to determine the resale restrictions that may be
      applicable to them. 

	Subscription Agreement (with related
      appendices, schedules and forms) 	Page 5 of 18 

GENERAL PROVISIONS 

1. DEFINITIONS 

1.1 In the Subscription Agreement (including the first (cover)
page, the Terms on pages 3 and 4, these General Provisions and the other
schedules, questionnaires and appendices incorporated by reference), the
following words have the following meanings unless otherwise indicated: 

	 	(a) 	
      “1933 Act” means the United States Securities Act
      of 1933, as amended;

	 	 	 
	 	(b) 	
      “Applicable Legislation” means the Securities
      Legislation Applicable to the Issuer (as defined on page 8) and all
      legislation incorporated in the definition of this term in other parts of
      the Subscription Agreement, together with the regulations and rules made
      and promulgated under that legislation and all administrative policy
      statements, blanket orders and rulings, notices and other administrative
      directions issued by the Commissions;

	 	 	 
	 	(c) 	
      “Closing” means the completion of the sale and
      purchase of the Purchased Securities;

	 	 	 
	 	(d) 	
      “Closing Date” means the date on which the Closing
      occurs, which shall be on or before December 30 , 2013, or on such other
      date determined by the Issuer in its discretion;

	 	 	 
	 	(e) 	
      “Closing Year” means the calendar year in which
      the Closing takes place;

	 	 	 
	 	(f) 	
      “Commissions” means the Commissions with
      Jurisdiction over the Issuer (as defined below) and the securities
      commissions incorporated in the definition of this term in other parts of
      the Subscription Agreement;

	 	 	 
	 	(g) 	
      “Final Closing” means the last Closing under the
      Private Placement;

	 	 	 
	 	(h) 	
      “General Provisions” means those portions of the
      Subscription Agreement headed “General Provisions” and contained on
      pages 5 to 10;

	 	 	 
	 	(i) 	
      “Private Placement” means the offering of the
      Shares on the terms and conditions of this Subscription
  Agreement;

	 	 	 
	 	(j) 	
      “Purchased Securities” has the meaning assigned in
      the Terms;

	 	 	 
	 	(k) 	
      “Regulatory Authorities” means the
    Commissions;

	 	 	 
	 	(l) 	
      “Securities” has the meaning assigned in the
      Terms;

	 	 	 
	 	(m) 	
      “Subscription Agreement” means the first (cover)
      page, the Terms on pages 3 to 4, the General Provisions and the other
      schedules and appendices incorporated by reference; and

	 	 	 
	 	(n) 	
      “Terms” means those portions of the Subscription
      Agreement headed “Terms” and contained on pages 3 to
4.

1.2 In the Subscription Agreement, the following terms have the
meanings defined in Regulation S under the 1933 Act: “Directed Selling
Efforts”, “Foreign Issuer”, “Offshore”, “Substantial
U.S. Market Interest”, “U.S. Person” and “United
States”. 

1.3 In the Subscription Agreement, unless otherwise specified,
currencies are indicated in U.S. dollars. 

1.4 In the Subscription Agreement, other words and phrases that
are capitalized have the meanings assigned to them in the body hereof. 

	Subscription Agreement (with related
      appendices, schedules and forms) 	Page 6 of 18 

2. ACKNOWLEDGMENTS, REPRESENTATIONS AND
WARRANTIES OF PURCHASER 

2.1 Acknowledgments concerning offering 

The Purchaser acknowledges that: 

	 	(a) 	
      the Securities have not been registered under the 1933
      Act, or under any state securities or "blue sky" laws of any state of the
      United States, and are being offered only in a transaction not involving
      any public offering within the meaning of the 1933 Act, and, unless so
      registered, may not be offered or sold in the United States or to U.S.
      Persons (as defined herein), except 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 securities
      laws;

	 	 	 
	 	(b) 	
      the Issuer will refuse to register any transfer of the
      Securities not made in accordance with the provisions of Regulation S,
      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;

	 	 	 
	 	(c) 	
      the Issuer has not undertaken, and will have no
      obligation, to register any of the Securities under the 1933
Act;

	 	 	 
	 	(d) 	
      the decision to execute this Subscription Agreement and
      purchase the Shares agreed to be purchased hereunder 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 information (the "Issuer Information") which has been provided
      by the Issuer to the Purchaser. If the Issuer has presented a business
      plan or any other type of corporate profile to the Purchaser, the
      Purchaser acknowledges that the business plan, the corporate profile and
      any projections or predictions contained in any such documents may not be
      achieved or be achievable;

	 	 	 
	 	(e) 	
      the Purchaser and the Purchaser's advisor(s) have had a
      reasonable opportunity to ask questions of and receive answers from the
      Issuer regarding the Offering, and to obtain additional information, to
      the extent possessed or obtainable without unreasonable effort or expense,
      necessary to verify the accuracy of the information contained in the
      Issuer Information, or any business plan, corporate profile or any other
      document provided to the Purchaser;

	 	 	 
	 	(f) 	
      the books and records of the Issuer were available upon
      reasonable notice for inspection, subject to certain confidentiality
      restrictions, by the Purchaser during reasonable business hours at its
      principal place of business and that all documents, records and books
      pertaining to this Offering have been made available for inspection by the
      Purchaser, the Purchaser's attorney and/or advisor(s);

	 	 	 
	 	(g) 	
      by execution hereof the Purchaser has waived the need for
      the Issuer to communicate its acceptance of the purchase of the Shares
      pursuant to this Subscription Agreement;

	 	 	 
	 	(h) 	
      the Issuer is entitled to rely on the representations and
      warranties and the statements and answers of the Purchaser contained in
      this Subscription Agreement and in the Questionnaire, and the Purchaser
      will hold harmless the Issuer from any loss or damage it may suffer as a
      result of the Purchaser's failure to correctly complete this Subscription
      Agreement or the Questionnaire;

	 	 	 
	 	(i) 	
      the Purchaser will indemnify and hold harmless the Issuer
      and, where applicable, its respective 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 Purchaser contained herein, the Questionnaire or in any other document
      furnished by the Purchaser to the Issuer in connection herewith, being
      untrue in any material respect or any breach or failure by the
      Purchaser to comply with any covenant or agreement made by the
    Purchaser to the Issuer in connection therewith;

	Subscription Agreement (with related
      appendices, schedules and forms) 	Page 7 of 18 

	 	(j) 	
      the issuance and sale of the Shares to the Purchaser will
      not be completed if it would be unlawful or if, in the discretion of the
      Issuer acting reasonably, it is not in the best interests of the
      Issuer;

	 	 	 
	 	(k) 	
      the Purchaser has been advised to consult its 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 in any way
      responsible) for compliance with applicable resale restrictions;

	 	 	 
	 	(l) 	
      the Securities are not listed on any stock exchange or
      automated dealer quotation system and no representation has been made to
      the Purchaser that any of the Securities will become listed on any stock
      exchange or automated dealer quotation system;

	 	 	 
	 	(m) 	
      neither the SEC nor any other securities commission or
      similar regulatory authority has reviewed or passed on the merits of the
      Securities ;

	 	 	 
	 	(n) 	
      no documents in connection with this Offering have been
      reviewed by the SEC or any state securities administrators;

	 	 	 
	 	(o) 	
      there is no government or other insurance covering any of
      the Securities; and

	 	 	 
	 	(p) 	
      this Subscription Agreement is not enforceable by the
      Purchaser unless it has been accepted by the Issuer, and the Purchaser
      acknowledges and agrees that the Issuer reserves the right to reject any
      Subscription for any reason.

2.2 Representations by the Purchaser 

The Purchaser represents and warrants to the Issuer that, as at
the Agreement Date and at the Closing: 

	 	(a) 	
      the Purchaser is resident at the address indicated on
      page 2 hereof;

	 	 	 
	 	(b) 	
      the Purchaser has received and carefully read this
      Subscription Agreement;

	 	 	 
	 	(c) 	
      the Purchaser has the legal capacity and competence to
      enter into and execute this Subscription Agreement and to take all actions
      required pursuant hereto and, if the Purchaser is a corporation, 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 Subscription Agreement on behalf of the
      Purchaser;

	 	 	 
	 	(d) 	
      the Purchaser (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, and can afford the complete loss of such
      investment;

	 	 	 
	 	(e) 	
      the Purchaser is aware that an investment in the Issuer
      is speculative and involves certain risks, including the possible loss of
      the investment;

	 	 	 
	 	(f) 	
      the entering into of this Subscription 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 Purchaser, or of any agreement, written or
      oral, to which the Purchaser may be a party or by which the Purchaser is
      or may be bound;

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

	Subscription Agreement (with related
      appendices, schedules and forms) 	Page 8 of 18 

	 	(h) 	
      the Purchaser has the requisite knowledge and experience
      in financial and business matters as to be capable of evaluating the
      merits and risks of the investment in the Shares and the Issuer, and the
      Purchaser is providing evidence of such knowledge and experience in these
      matters through the information requested in the Questionnaire;

	 	 	 	 
	 	(i) 	
      the Purchaser understands and agrees that the Issuer and
      others will rely upon the truth and accuracy of the acknowledgments,
      representations and agreements contained in this Subscription Agreement,
      and agrees that if any of such acknowledgements, representations and
      agreements are no longer accurate or have been breached, the Purchaser
      shall promptly notify the Issuer;

	 	 	 	 
	 	(j) 	
      all information contained in the Questionnaire is
      complete and accurate and may be relied upon by the Issuer, and the
      Purchaser will notify the Issuer immediately of any material change in any
      such information occurring prior to the Closing of the purchase of the
      Securities;

	 	 	 	 
	 	(k) 	
      the Purchaser is purchasing the Shares for its own
      account for investment purposes only and not for the account of any other
      person and not for distribution, assignment or resale to others, and no
      other person has a direct or indirect beneficial interest is such Shares,
      and the Purchaser has not subdivided his interest in the Shares with any
      other person;

	 	 	 	 
	 	(l) 	
      the Purchaser is not an underwriter of, or dealer in, the
      common shares of the Issuer, nor is the Purchaser participating, pursuant
      to a contractual agreement or otherwise, in the distribution of the
      Securities;

	 	 	 	 
	 	(m) 	
      the Purchaser has made an independent examination and
      investigation of an investment in the Shares and the Issuer and has
      depended on the advice of its legal and financial advisors and agrees that
      the Issuer will not be responsible in anyway whatsoever for the
      Purchaser's decision to invest in the Shares and the Issuer;

	 	 	 	 
	 	(n) 	
      if the Purchaser is acquiring the Shares as a fiduciary
      or agent for one or more investor accounts, the investor accounts for
      which the Purchaser acts as a fiduciary or agent satisfy the definition of
      an "Accredited Investor", as the term is defined under Regulation D of the
      1933 Act;

	 	 	 	 
	 	(o) 	
      if the Purchaser is acquiring the Shares as a fiduciary
      or agent for one or more investor accounts, the Purchaser has sole
      investment discretion with respect to each such account, and the Purchaser
      has full power to make the foregoing acknowledgements, representations and
      agreements on behalf of such account;

	 	 	 	 
	 	(p) 	
      the Purchaser 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; and

	 	 	 	 
	 	(q) 	
      no person has made to the Purchaser any written or oral
      representations:

	 	 	 	 
	 		(i) 	
      that any person will resell or repurchase any of the
      Securities;

	 	 	 	 
	 		(ii) 	
      that any person will refund the purchase price of any of
      the Securities;

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

	 	 	 	 
	 		(iv) 	
      that any of the Securities will be listed and posted for
      trading on any stock exchange or automated dealer quotation system or that
      application has been made to list and post any of the Securities of the
      Issuer on any stock exchange or automated dealer quotation
  system.

	Subscription Agreement (with related
      appendices, schedules and forms) 	Page 9 of 18 

2.3 Reliance, indemnity and notification of changes 

The representations and warranties in the Subscription
Agreement (including the first (cover) page, the Terms, the General Provisions
and the other schedules and appendices incorporated by reference) are made by
the Purchaser with the intent that they be relied upon by the Issuer in
determining its suitability as a purchaser of Purchased Securities, and the
Purchaser hereby agrees to indemnify the Issuer against all losses, claims,
costs, expenses and damages or liabilities which any of them may suffer or incur
as a result of reliance thereon. The Purchaser undertakes to notify the Issuer
immediately of any change in any representation, warranty or other information
relating to the Purchaser set forth in the Subscription Agreement (including the
first (cover) page, the Terms, the General Provisions and the other schedules
and appendices incorporated by reference) which takes place prior to the
Closing. 

2.4 Survival of representations and warranties 

The representations and warranties contained in this Section
will survive the Closing. 

3. ISSUER’S ACCEPTANCE 

The Subscription Agreement, when executed by the Purchaser, and
delivered to the Issuer, will constitute a subscription for Shares which will
not be binding on the Issuer until accepted by the Issuer by executing the
Subscription Agreement in the space provided on the face page(s) of the
Agreement and, notwithstanding the Agreement Date, if the Issuer accepts the
subscription by the Purchaser, the Subscription Agreement will be entered into
on the date of such execution by the Issuer. 

4. CLOSING 

4.1 On or before the end of the business day before the Closing
Date, the Purchaser will deliver to the Issuer the Subscription Agreement and
all applicable schedules and required forms, duly executed, and payment in full
for the total price of the Purchased Securities to be purchased by the
Purchaser. 

4.2 At Closing, the Issuer will deliver to the Purchaser the
certificates representing the Purchased Securities purchased by the Purchaser
registered in the name of the Purchaser or its nominee, or as directed by the
Purchaser.

5. MISCELLANEOUS 

5.1 The Purchaser agrees to sell, assign or transfer the
Securities only in accordance with the requirements of applicable securities
laws and any legends placed on the Securities as contemplated by the
Subscription Agreement. 

5.2 The Purchaser hereby authorizes the Issuer to correct any
minor errors in, or complete any minor information missing from any part of the
Subscription Agreement and any other schedules, forms, certificates or documents
executed by the Purchaser and delivered to the Issuer in connection with the
Private Placement. 

5.3 The Issuer may rely on delivery by fax machine of an
executed copy of this subscription, and acceptance by the Issuer of such faxed
copy will be equally effective to create a valid and binding agreement between
the Purchaser and the Issuer in accordance with the terms of the Subscription
Agreement. 

5.4 Without limitation, this subscription and the transactions
contemplated by this Subscription Agreement are conditional upon and subject to
the Issuer’s having obtained such regulatory approval of this subscription and
the transactions contemplated by this Subscription Agreement as the Issuer
considers necessary. 

5.5 This Subscription Agreement is not assignable or
transferable by either party hereto without the express written consent of the
other party to this Subscription Agreement. 

5.6 Time is of the essence of this Subscription Agreement. 

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

	Subscription Agreement (with related
      appendices, schedules and forms) 	Page 10 of 18 

5.8 The parties to this Subscription Agreement may amend this
Subscription Agreement only in writing. 

5.9 This Subscription Agreement enures to the benefit of and is
binding upon the parties to this Subscription Agreement and their successors and
permitted assigns. 

5.10 A party to this Subscription Agreement will give all
notices to or other written communications with the other party to this
Subscription Agreement concerning this Subscription Agreement by hand or by
registered mail addressed to the address given on page 2. 

5.11 This Subscription Agreement is to be read with all changes
in gender or number as required by the context. 

5.12 This Subscription Agreement will be governed by and
construed in accordance with the internal laws of Texas, USA (without reference
to its rules governing the choice or conflict of laws), and the parties hereto
irrevocably attorn and submit to the exclusive jurisdiction of the courts of
Texas with respect to any dispute related to this Subscription Agreement. 

End of General Provisions 

	Subscription Agreement (with related
      appendices, schedules and forms) 	Page 11 of 18 

UNITED STATES 
ACCREDITED INVESTOR QUESTIONNAIRE

All capitalized terms herein, unless otherwise defined, have
the meanings ascribed thereto in the Subscription Agreement. 

This Questionnaire is for use by each Purchaser who is a U.S.
person (as that term is defined Regulation S of the United States Securities Act
of 1933 (the “1933 Act”)) and has indicated an interest in purchasing Shares of
the Issuer. The purpose of this Questionnaire is to assure the Issuer that each
Purchaser will meet the standards imposed by the 1933 Act and the appropriate
exemptions of applicable state securities laws. The Issuer will rely on the
information contained in this Questionnaire for the purposes of such
determination. The Securities will not be registered under the 1933 Act in
reliance upon the exemption from registration afforded by Section 3(b) and/or
Section 4(2) and Regulation D of the 1933 Act. This Questionnaire is not an
offer of the Securities or any other securities of the Issuer in any state other
than those specifically authorized by the Issuer. 

All information contained in this Questionnaire will be treated
as confidential. However, by signing and returning this Questionnaire, each
Purchaser agrees that, if necessary, this Questionnaire may be presented to such
parties as the Issuer deems appropriate to establish the availability, under the
1933 Act or applicable state securities law, of exemption from registration in
connection with the sale of the Securities hereunder. 

The Purchaser covenants, represents and warrants to the Issuer
that it satisfies one or more of the categories of “Accredited Investors”, as
defined by Regulation D promulgated under the 1933 Act, as indicated below:
(Please initial in the space provide those categories, if any, of an “Accredited
Investor” which the Purchaser satisfies.) 

	_____ Category 1 	
      An organization described in Section 501(c)(3) of the
      United States Internal Revenue Code, a corporation, a Massachusetts or
      similar business trust or partnership, not formed for the specific purpose
      of acquiring the Securities, with total assets in excess of US $5,000,000.
      

	  	
       

	_____ Category 2 	
      A natural person whose individual net worth, or joint net
      worth with that person’s spouse (excluding their primary residence), on
      the date of purchase exceeds US $1,000,000. 

	  	
       

	_____ Category 3 	
      A natural person who had an individual income in excess
      of US $200,000 in each of the two most recent years or joint income with
      that person’s spouse in excess of US $360,000 in each of those years and
      has a reasonable expectation of reaching the same income level in the
      current year. 

	  	
       

	_____ Category 4 	
      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
      Issuer as defined in Section 2(13) of the 1933 Act; an investment Issuer
      registered under the Investment Issuer Act of 1940 (United
      States) or a business development Issuer as defined in Section 2(a)(48) of
      such Act; a Small Business Investment Issuer licensed by the U.S. Small
      Business Administration under Section 361(c) or (d) of the Small
      Business Investment Act of 1958 (United States); a plan with
      total assets in excess of $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 Issuer or registered investment adviser, or if the employee
      benefit plan has total assets in excess of $5,000,000, or, if a
      self-directed plan, whose investment decisions are made solely by persons
      that are accredited investors. 

	  	
       

	_____ Category 5 	
      A private business development Issuer as defined in
      Section 202(a)(22) of the Investment Advisers Act of 1940
      (United States). 

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 12 of 18 

	_____ Category 6 	
      A director or executive officer of the Issuer. 

	  	
      

	_____ Category 7 	
      A trust with total assets in excess of $5,000,000, not
      formed for the specific purpose of acquiring the Securities, whose
      purchase is directed by a sophisticated person as described in Rule
      506(b)(2)(ii) under the 1933 Act. 

	  	
      

	_____ Category 8 	
      An entity in which all of the equity owners satisfy the
      requirements of one or more of the foregoing categories.

	
      Note that prospective Purchaser claiming to satisfy one
      of the above categories of Accredited Investor may be required to supply
      the Issuer with a balance sheet, prior years’ federal income tax returns
      or other appropriate documentation to verify and substantiate the
      Purchaser’s status as an Accredited Investor. 

	
      

	
      If the Purchaser is an entity which initialled Category 8
      in reliance upon the Accredited Investor categories above, state the name,
      address, total personal income from all sources for the previous calendar
      year, and the net worth (exclusive of home, home furnishings and personal
      automobiles) for each equity owner of the said entity:
  
 

Purchaser’s Acknowledgments. The Purchaser
acknowledges and agrees (on its own behalf and, if applicable, on behalf of each
beneficial purchaser for whom the Purchaser is contracting hereunder) with the
Issuer, the U.S. Affiliates and the Agents (which acknowledgements and
agreements shall survive the Closing) that: 

	 	(a) 	
      no agency, governmental authority, regulatory body, stock
      exchange or other entity has made any finding or determination as to the
      merit for investment of, nor have any such agencies or governmental
      authorities, regulatory bodies, stock exchanges or other entities made any
      recommendation or endorsement with respect to, the Securities;

	 	 	 
	 	(b) 	
      the sale and delivery of the Securities is conditional
      upon such sale being exempt from the prospectus filing and registration
      requirements, and being exempt from the requirement to deliver an offering
      memorandum in connection with the distribution of the Securities under the
      applicable securities laws or upon the issuance of such orders, consents
      or approvals as may be required to permit such sale without the
      requirement of filing a prospectus or registration statement;

	 	 	 
	 	(c) 	
      none of the Securities have been or will be registered
      under the 1933 Act or the securities laws of any state and the Securities
      may not be offered or sold, directly or indirectly, in the United States
      to, or for the account or benefit of, a U.S. Person or a person in the
      United States unless registered under the 1933 Act and the securities laws
      of all applicable states or unless an exemption from such registration
      requirements is available, and the Issuer has no obligation or present
      intention of filing a registration statement under the U.S. Securities Act
      in respect of any of the Securities ;

	 	 	 
	 	(d) 	
      the Purchaser may not offer, sell or transfer the
      Securities within the United States or to, or for the account or benefit
      of, a U.S. Person, unless the Securities are registered under the 1933 Act
      and the securities laws of all applicable states or an exemption from such
      registration requirements is available;

	 	 	 
	 	(e) 	
      the acquisition of the Securities has not been made
      through or as a result of any “general solicitation or general
      advertising” (as such terms are used in Rule 502(c) of Regulation D) the
      distribution of the Securities has not been accompanied by any
      advertisement, including, without limitation, in printed public media,
      radio, television or telecommunications, including electronic display, or
      as part of a general solicitation;

	 	 	 
	 	(f) 	
      the certificates evidencing the Securities will bear a
      legend, and the certificates evidencing the Warrant Shares may bear a
      legend, regarding restrictions on transfer as required pursuant to
      applicable Securities Laws, including applicable federal and state
      securities laws of the United States;

	Subscription Agreement (with related
      appendices, schedules and forms) 	Page 13 of 18 

	 	(g) 	
      the Issuer is relying on an exemption from the
      requirements to provide the Purchaser with a prospectus or registration
      statement and to sell securities through a person or Issuer registered to
      sell securities under the securities laws or other applicable securities
      legislation and, as a consequence of acquiring Securities pursuant to this
      exemption, certain protections, rights and remedies provided by the
      securities laws or other applicable securities legislation including
      statutory rights of rescission or damages, will not be available to the
      Purchaser; and

	 	 	 	 
	 	(h) 	
      no person has made to the Purchaser any written or oral
      representations:

	 	 	 	 
	 		(i) 	
      that any person will resell or repurchase the Securities
      ;

	 	 	 	 
	 		(ii) 	
      that any person will refund the purchase price of the
      Securities ; or

	 	 	 	 
	 		(iii) 	
      as to the future price or value of any of the Securities.

Representations, Warranties and Covenants. The
Purchaser hereby represents and warrants to, and covenants with the Issuer which
representations, warranties and covenants shall survive the Closing, that as at
the execution date of certificate and the Closing Date: 

	 	(a) 	
      it acknowledges that the Issuer has not filed a
      prospectus or registration statement with any of the securities regulators
      or any other securities commission or similar authority in connection with
      the distribution of the Securities and that:

	 	 	 	 
	 		(i) 	
      the Purchaser is restricted from using most of the civil
      remedies available under the applicable securities laws;

	 	 	 	 
	 		(ii) 	
      the Purchaser may not receive information that would
      otherwise be required to be provided to him under the applicable
      securities laws;

	 	 	 	 
	 		(iii) 	
      the Purchaser is relieved from certain obligations that
      it would otherwise be required to give if it provided a prospectus or
      registration statement under the applicable securities laws; and

	 	 	 	 
	 		(iv) 	
      the issuance and sale of the Securities to the Purchaser
      is subject to the sale being exempt from the prospectus and registration
      requirements of the applicable securities laws.

	 	 	 	 
	 	(b) 	
      the Purchaser further acknowledges that:

	 	 	 	 
	 		(i) 	
      no securities commission or similar regulatory authority
      has reviewed or passed on the merits of the Securities;

	 	 	 	 
	 		(ii) 	
      there is no government or other insurance covering the
      Securities;

	 	 	 	 
	 		(iii) 	
      there are risks associated with the purchase of the
      Securities; and

	 	 	 	 
	 		(iv) 	
      there are restrictions on the Purchaser’s (or beneficial
      purchaser’s, if applicable) ability to re-sell the Securities and it is
      the responsibility of the Purchaser to find out what those restrictions
      are and to comply with them before selling the Securities.

	 	 	 	 
	 	(c) 	
      If required by applicable Securities Laws, and any other
      applicable law the Purchaser will execute, deliver, file and otherwise
      assist the Issuer in filing such reports, undertakings and other documents
      with respect to the issuance of the Securities as may be
  required.

	 	 	 	 
	 	(d) 	
      The Purchaser understands that the Securities are
      restricted securities (as defined in Rule 144 under the 1933 Act) and
      agrees that if it decides to offer, sell or otherwise transfer the
      Securities, it will not offer, sell or otherwise transfer any of such
      securities directly or indirectly, unless:

	 	 	 	 
	 		(i) 	
      the transfer is to the
Issuer;

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 14 of 18 

	 	(ii) 	
      The transfer is outside the United States in a
      transaction meeting the requirements of Rule 904 of Regulation S under the
      1933 Act (“Regulation S”) and in compliance with applicable local
      laws and regulations of the jurisdiction(s) in which such sale is
    made;

	 	 	 
	 	(iii) 	
      the transfer is made pursuant to the exemption from the
      registration requirements under the 1933 Act provided by Rule 144
      thereunder, if available, and in accordance with applicable state
      securities laws; or

	 	 	 
	 	(iv) 	
      the Securities are transferred in a transaction that does
      not require registration under the 1933 Act or any applicable state
      securities laws, and the Purchaser has prior to such sale furnished to the
      Issuer an opinion of counsel of recognized standing or other evidence of
      exemption, in either case reasonably satisfactory to the
  Issuer.

	 	(e) 	
      The Purchaser 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
      securities laws and regulations, the certificates representing the
      Securities, and all securities issued in exchange therefore or in
      substitution thereof, will bear a legend in substantially the following
      form:

“THE SECURITIES
REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES
ACT OF 1933, AS AMENDED (THE “1933 ACT”). THESE SECURITIES MAY BE OFFERED, SOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT UNDER THE 1933 ACT OR: (A) TO THE ISSUER, (B) OUTSIDE THE UNITED
STATES IN COMPLIANCE WITH RULE 904 OF REGULATION S UNDER THE 1933 ACT, (C) IN
COMPLIANCE WITH THE EXEMPTION FROM THE REGISTRATION REQUIREMENTS UNDER THE 1933
ACT PROVIDED BY RULE 144 THEREUNDER, IF AVAILABLE, AND IN ACCORDANCE WITH
APPLICABLE STATE SECURITIES LAWS, OR (D) WITH THE PRIOR CONSENT OF THE ISSUER,
IN A TRANSACTION T HAT DOES NOT REQUIRE REGISTRATION UNDER THE 1933 ACT OR ANY
APPLICABLE STATE SECURITIES LAWS, AND THE HOLDER HAS FURNISHED TO THE ISSUER AN
OPINION TO SUCH EFFECT FROM COUNSEL OF RECOGNIZED STANDING REASONABLY
SATISFACTORY TO THE ISSUER PRIOR TO SUCH OFFER, SALE, PLEDGE OR TRANSFER.” 

The Purchaser hereby certifies that the information contained
in this Questionnaire is complete and accurate and the Purchaser will notify the
Issuer promptly of any change in any such information. If this Questionnaire is
being completed on behalf of a corporation, partnership, trust or estate, the
person executing on behalf of the Purchaser represents that it has the authority
to execute and deliver this Questionnaire on behalf of such entity. 

IN WITNESS WHEREOF, the undersigned has executed this
Questionnaire as of the _______ day of __________________, 2013. 

	If a Corporation,
      Partnership or Other Entity: 

 	 	If an
      Individual: 
	Print of Type Name
      of Entity 

 	 	Signature 
	Signature of
      Authorized Signatory 

 	 	Print
      or Type Name 
	Type of Entity 	 	Social Security/Tax I.D. No.

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 15 of 18 

NATIONAL INSTRUMENT 45-106 CANADIAN
ACCREDITED INVESTOR
QUESTIONNAIRE 

In addition to the representations, warranties acknowledgments
and agreements contained in the subscription to which this Certificate for
Exemption is attached, the Subscriber, for itself or on behalf of any Disclosed
Principal, as applicable, hereby represents, warrants and certifies to the
Issuer that the Subscriber or the Disclosed Principal, as applicable, is
purchasing the securities set out in the subscription as principal, that it is
resident in the jurisdiction set out on the Acceptance Page of the subscription
and: [check all appropriate boxes] 

Category 1: Accredited Investor 

The Subscriber or the Disclosed Principal, as applicable, is:

	[   ]	(a) 	
      a Canadian financial institution, or a Schedule III
      bank;

	 	 	 
	[   ]	(b) 	
      the Business Development Bank of Canada incorporated
      under the Business Development Bank of Canada Act;

	 	 	 
	[   ]	(c) 	
      a subsidiary of any person referred to in paragraphs (a)
      or (b), if the person owns all of the voting securities of the subsidiary,
      except the voting securities required by law to be owned by directors of
      that subsidiary;

	 	 	 
	[   ]	(d) 	
      a person registered under the securities legislation of a
      jurisdiction of Canada, as an adviser or dealer, other than a person
      registered solely as a limited market dealer under one or both of the
      Securities Act (Ontario), or the Securities Act
      (Newfoundland and Labrador);

	 	 	 
	[   ]	(e) 	
      an individual registered or formerly registered under the
      securities legislation of a jurisdiction of Canada as a representative of
      a person referred to in paragraph (d);

	 	 	 
	[   ]	(f) 	
      the Government of Canada or a jurisdiction of Canada, or
      any crown corporation, agency or wholly owned entity of the Government of
      Canada or a jurisdiction of Canada;

	 	 	 
	[   ]	(g) 	
      a municipality, public board or commission in Canada and
      a metropolitan commSharey, school board, the Comité de gestion de la taxe
      scolaire de l'île de Montréal or an intermunicipal management board in
      Québec;

	 	 	 
	[   ]	(h) 	
      any national, federal, state, provincial, territorial or
      municipal government of or in any foreign jurisdiction, or any agency of
      that government;

	 	 	 
	[   ]	(i) 	
      a pension fund that is regulated by either the Office of
      the Superintendent of Financial Institutions (Canada) or a pension
      commission or similar regulatory authority of a jurisdiction of
    Canada;

	 	 	 
	[   ]	(j) 	
      an individual who, either alone or with a spouse,
      beneficially owns, directly or indirectly, financial assets having an
      aggregate realizable value that before taxes, but net of any related
      liabilities, exceeds Cdn$1,000,000;

	 	 	 
	[   ]	(k) 	
      an individual whose net income before taxes exceeded
      Cdn$200,000 in each of the two most recent calendar years or whose net
      income before taxes combined with that of a spouse exceeded Cdn$300,000 in
      each of the two most recent calendar years and who, in either case,
      reasonably expects to exceed that net income level in the current calendar
      year;

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

	 	 	 
	[   ]	(m) 	
      a person, other than an individual or investment fund,
      that has net assets of at least Cdn$5,000,000 as shown on its most
      recently prepared financial statements;

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 16 of 18 

	[   ]	(n) 	
      an investment fund that distributes or has distributed
      its securities only to:

	 	 	 	 
	 		(i) 	
      a person that is or was an accredited investor at the
      time of the distribution;

	 	 	 	 
	 		(ii) 	
      a person that acquires or acquired securities in the
      circumstances referred to in sections 2.10 and 2.19 of NI 45-106,
  or

	 	 	 	 
	 		(iii) 	
      a person described in paragraph (i) or (ii) that acquires
      or acquired securities under section 2.18 of NI 45-106;

	 	 	 	 
	[   ]	(o) 	
      an investment fund that distributes or has distributed
      securities under a prospectus in a jurisdiction of Canada for which the
      regulator or, in Quebec, the securities regulatory authority, has issued a
      receipt;

	 	 	 	 
	[   ]	(p) 	
      a trust Issuer or trust corporation registered or
      authorized to carry on business under the Trust and Loan Companies Act
      (Canada) or under comparable legislation in a jurisdiction of Canada
      or a foreign jurisdiction, acting on behalf of a fully managed account
      managed by the trust Issuer or trust corporation, as the case may
    be;

	 	 	 	 
	[   ]	(q) 	
      a person acting on behalf of a fully managed account
      managed by that person, if that person:

	 	 	 	 
	 		(i) 	
      is registered or authorized to carry on business as an
      adviser or the equivalent under the securities legislation of a
      jurisdiction of Canada or a foreign jurisdiction; and

	 	 	 	 
	 		(ii) 	
      in Ontario, is purchasing a security that is not a
      security of an investment fund;

	 	 	 	 
	[   ]	(r) 	
      a registered charity under the Income Tax Act
      (Canada) that, in regard to the trade, has obtained advice from an
      eligibility adviser or an adviser registered under the securities
      legislation of the jurisdiction of the registered charity to give advice
      on the securities being traded;

	 	 	 	 
	[   ]	(s) 	
      an entity organized in a foreign jurisdiction that is
      analogous to any of the entities referred to in paragraphs (a) to (d) or
      paragraph (i) in form and function;

	 	 	 	 
	[   ]	(t) 	
      a person in respect of which all of the owner of
      interests, direct, indirect or beneficial, except the voting securities
      required by law to be owned by directors, are persons that are accredited
      investors;

	 	 	 	 
	[   ]	(u) 	
      an investment fund that is advised by a person registered
      as an adviser or a person that is exempt from registration as an adviser,
      or

	 	 	 	 
	[   ]	(v) 	
      a person that is recognized or designated by the
      securities regulatory authority or, except in Ontario and Quebec, the
      regulator as:

	 	 	 	 
	 		(i) 	
      an accredited investor; or

	 	 	 	 
	 		(ii) 	
      an exempt purchaser in Alberta or British Columbia after
      NI 45-106 comes into force.

Definitions: 

"Canadian financial institution" means 

	 	(a) 	
      an association governed by the Cooperative Credit
      Associations Act (Canada) or a central cooperative credit society for
      which an order has been made under section 473(1) of that Act,
or

	 	 	 
	 	(b) 	
      a bank, loan corporation, trust Issuer, trust
      corporation, insurance Issuer, treasury branch, credit union, caisse
      populaire, financial services cooperative, or league that, in each case,
      is authorized by an enactment of Canada or a jurisdiction of Canada to
      carry on business in Canada or a jurisdiction of
Canada;

"EVCC" means an employee venture capital corporation
that does not have a restricted constitution, and is registered under Part 2 of
the Employee Investment Act (British Columbia), R.S.B.C. 1996 c. 112, and
whose business objective is making multiple investments; 

	Subscription Agreement (with related
      appendices, schedules and forms) 	Page 17 of 18 

"financial assets" means

	 	(a) 	
      cash,

	 	 	 
	 	(b) 	
      securities, or

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

"fully managed account" means an account of a client for
which a person makes the investment decisions if that person has full discretion
to trade in securities for the account without requiring the client's express
consent to a transaction; 

"investment fund" means a mutual fund or a
non-redeemable investment fund, and, for greater certainty in British Columbia,
includes an EVCC and a VCC; 

"person" includes 

	 	(a) 	
      an individual,

	 	 	 
	 	(b) 	
      a corporation,

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

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

"related liabilities" means 

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

	 	 	 
	 	(b) 	
      liabilities that are secured by financial
  assets;

"Schedule III bank" means an authorized foreign bank
named in Schedule III of the Bank Act (Canada); 

"spouse" means, an individual who, 

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

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

	 	 	 
	 	(c) 	
      in Alberta, is an individual referred to in paragraph (a)
      or (b), or is an adult interdependent partner within the meaning of the
      Adult Interdependent Relationships Act
(Alberta);

"subsidiary" means in issuer that is controlled directly
or indirectly by another issuer and includes a subsidiary of that subsidiary;

"VCC" means a venture capital corporation registered
under Part 1 of the Small Business Venture Capital Act (British Columbia),
R.S.B.C. 1996 c. 429, whose business objective is making multiple investments.

The representations, warranties, statements and certification
made in this Certificate are true and accurate as of the date of this
Certificate and will be true and accurate as of the Closing. If any such
representation, warranty, statement or certification becomes untrue or
inaccurate prior to the Closing, the Subscriber shall give the Issuer immediate
written notice thereof. 

	Subscription Agreement (with related
      appendices, schedules and forms) 	Page 18 of 18 

The Subscriber acknowledges and agrees that the Issuer will and
can rely on this Certificate in connection with the Subscriber's Subscription
Agreement. 

EXECUTED by the Subscriber at ______________________ this _____
day of _______________, 2013. 

	If a
      corporation, partnership or other entity: 

 	 	If
      an individual: 
	Print Name of
      Subscriber/Disclosed Principal 

 	 	Print Name of Subscriber/Disclosed Principal 
	Signature of
      Authorized Signatory 

 	 	Signature 
	Name and
      Position of Authorized Signatory 

 	 	Representative Capacity, if applicable

Jurisdiction of Residence of
Subscriber/Disclosed

 

End of Subscription AgreementEXHIBIT 10.1

                    SETTLEMENT AGREEMENT AND MUTUAL RELEASE
                 ---------------------------------------------

     This Settlement Agreement and Mutual Release  ("Agreement") is entered into
by and between  30DC,  Inc.,  a Maryland  Corporation  ("30DC")  30DC,  Inc. , a
Delaware Corporation  (collectively "30DC") and Raine Ventures,  LLC, a Delaware
Limited Liability Company ("RV") on the other and acknowledges  receipt of full,
fair,  and  adequate  consideration  for the  covenants,  releases  and premises
herein.

                                    RECITALS

     A. This Agreement compromises,  settles, and otherwise resolves all claims,
compensation claims,  benefit claims, or allowances,  and other potential claims
between  the Parties or their  officers,  directors,  shareholders,  or Managers
arising from or relating to the Acquisition  Agreement between the parties dated
July  15,  2009  as  thereafter  amended  and  extended  ("Agreement")  and  all
operations  since then of "Immediate  Edge" and the other  matters  described on
Exhibit A, except as to those rights  specifically  set forth herein or in those
documents and, executed concurrently herewith.

                                    AGREEMENT

     1. DENIAL OF WRONGDOING OR LIABILITY. This Agreement is entered into solely
for  purpose  of  effectuating  a  full  compromise,  settlement,  and  release.
Accordingly, except as set forth herein, each party acknowledges that the others
have  admitted  no fault,  wrongdoing,  liability,  or  obligation,  except such
obligations  as  reflected  in  concurrently  executed  Agreement,  and  related
documents.  In  fact,  each  party  expressly  denies  such  fault,  wrongdoing,
liability, or obligation.

     2. INTENT TO SETTLE ALL CLAIMS. This Settlement  Agreement shall settle all
matters  under the  Agreement  dated July 15,  2009 as  thereafter  amended  and
extended,  and the Parties desire to fully and finally  compromise,  settle, and
otherwise  terminate  any and all other  claims  between  them  arising  from or
relating to any claim, action,  default,  breach,  damages, lien or encumbrances
whatsoever  affecting  or  relating  to the  company,  the  Agreement,  and  all
operations since then of "Immediate Edge" or any matter described on Exhibit A.

     3.  RELEASE.  The Parties  hereby  mutually  release,  discharge,  and hold
harmless  one  another  (as  well  as  their  respective  officers,   directors,
shareholders,  managers,  members,  partners,  owners,  principals,  affiliates,
divisions,   subsidiaries,   parents,  contractors,   attorneys,   predecessors,
successors, assigns, insurers, associates, agents,  representatives,  employers,
and employees) from all actions,  claims,  damages, and liabilities (of any kind
or nature,  without  regard to amount,  known or unknown,  accrued or unaccrued)
arising from or relating to the Agreement or the other matters listed on Exhibit
A, except as set forth or in the concurrently  executed documents  herewith,  in
execution of the intent of this Settlement Agreement.

<PAGE>

     4.  LIMITATION  OF RELEASE.  However,  the releases  given herein shall not
extend to or be for the benefit of  nonaffiliated  third  parties,  none of whom
shall have any rights hereunder,  including but not limited to rights as a third
party beneficiary.

     5. NO RELEASE FOR BREACH OF THIS AGREEMENT.  Nothing contained herein shall
release any party hereto from any claims arising from or relating to a breach of
this Agreement.

     6.  RELEASES  VALID EVEN IF  ADDITIONAL  OR  DIFFERENT  FACTS.  The Parties
acknowledge  they may discover  facts which are  additional to or different from
those which they now know or believe to be true  regarding the subject matter of
this Agreement.  Nonetheless,  except as otherwise  provided  herein,  it is the
Parties'  intent to fully and  finally  compromise  and settle all claims  which
exist  between them  arising  from or relating to the  ownership or title to the
assets.  To effectuate  that  intention,  the releases given herein shall remain
full and  complete  releases,  notwithstanding  discovery of any  additional  or
different facts by any party, at any time hereafter.

     7.  FURTHER  ASSURANCES.  The Parties  agree to execute  and  deliver  such
documents and to perform such other acts,  promptly  upon request,  as any other
party  hereto  requests  and which are,  in the  requesting  party's  reasonable
judgment, necessary or appropriate to effectuate the purposes of this Agreement.

     8.  CONSIDERATION.  This Agreement is fully supported by mutual full, fair,
adequate and valuable  consideration,  the receipt and  sufficiency of which are
hereby  acknowledged  and which  considerations  are contained in the provisions
hereof in their individual paragraphs and as an entirety.

          a. AGREED  CONVEYANCE TO RV. RV will acquire assets (by Assignment and
     Bill of Sale) of the "Immediate Edge" from 30DC as follows:

          EXCEPT AS NOTED BELOW,  assets to be acquired will include all assets,
     tangible or  intangible,  including  content  library,  required or used to
     operate the Edge business.  Intangible  property shall include,  but not be
     limited  to,  web sites and  domain  names,  blogs,  social  media  such as
     Facebook,   LinkedIn  and  Twitter,   files  and  source  code,   software,
     trademarks,  trade names, brand names, goodwill, customer lists, e-mail and
     any other contact lists, operating manuals, technology plans, applications,
     contracts,  warranties,  leases, rights,  arrangements and other assets. RV
     shall have full use of  existing  content as part of the Edge  library  but
     cannot use content with 30DC  personnel  to promote the Edge (i.e.,  cannot
     use "Ed Dale course on market  leadership"  in promoting  the Edge) or sell
     any existing  content with 30DC  personnel as a standalone  product  (i.e.,
     cannot market Advanced Publishing Blueprint as standalone product). Content
     included  with the Edge that was created by 30DC may continue to be used by
     the 30DC after closing. Assets not included are anything related to MagCast
     including  the MagCast  forum  which  shall be closed on the Closing  Date.
     Customer  lists included with the sale are the list of all past and current
     Edge  customers  and the  Challenge  customer  list;  however the Challenge
     customer  list can only be used by RV to  promote  the Edge and to  promote
     internal  products  developed by Edge personnel.  (For further clarity,  RV
     cannot use the Challenge customer list for

                                       2
<PAGE>

     any other  purpose  including but not limited to affiliate  promotions  and
     joint  ventures.)  30DC will receive  sales  proceeds from the Edge through
     Closing  Date net of refunds  applicable  to any such sales.  The Edge is a
     subscription product and any subscription proceeds received by 30DC through
     Closing Date shall be solely those of 30DC. RV shall assume  deliverability
     of services  subsequent to that date. Any collections by 30DC subsequent to
     Closing Date for the Edge will be remitted to the RV. RV will be liable for
     operating  expenses  of the  Edge  subsequent  to  Closing  Date  including
     contractor  fees due  Raine  Ventures,  Jon Dean  and Marc  Witteveen.  Any
     expenses  paid by 30DC prior to closing  shall not be  reimursable  even if
     they benefit RV beyond the Closing date.

          b. the  consideration  to be conveyed  by RV to 30DC shall  consist of
     certificates  of  common  stock  of  30DC,  Inc.,  a  Maryland  Corporation
     representing   10,560,000   shares,   free  and  clear  of  all  liens  and
     encumbrances,  together  with  appropriately  executed  Stock Power for the
     certificates,  which are to be delivered to 30DC by Federal Express, UPS or
     other express carrier within 5 days hereafter

     9. OTHER PROVISIONS AS TO IMMEDIATE EDGE.

          a. Dan Raine and Jon Dean,  long-term  staff with Immediate Edge, will
     continue with  Immediate Edge after the  transaction  and will no longer be
     contractors  of 30DC,  effective the Closing Date.  Marc  Witteveen will no
     longer be a contractor of 30DC effective the Closing Date, and RV will make
     a decision whether or not to retain Witteveen with Immediate Edge.

          b.   Both   Parties   hereby   agree   to  a   reciprocal   three-year
     non-interference   provision   covering  existing   customers,   employees,
     suppliers,  and technology of Immediate Edge and 30DC. RV, its  affiliates,
     contractors and  employeeswill  not copy 30DC's product MagCast or create a
     product directly  competing with MagCast.  RV, its affiliates,  contractors
     and  employees  will not , work,  for or with, or aid in any way, a MagCast
     competitor.  For this purpose,  MagCast is defined as a digital publication
     sold on Apple Newsstand or on Google's platform.

          c. 30DC  will  provide  RV all  business  records  of  Immediate  Edge
     including customer and subscription records.

          d. RV will  allow 30DC  access to any  historical  records,  including
     receipts,  it  needs  for  accounting,   financial   statements,   and  tax
     preparation.

          e.  30DC  will  provide  RV with  access  to code  for all  technology
     utilized for Immediate Edge which it does not already have.

                                       3
<PAGE>
          f. 30DC will  provide to RV a list of all past and  current  Immediate
     Edge customers and the Challenge customer list.

          g.  Parties  will work with each other to achieve a smooth  transition
     with the goal of limiting any subscription losses, to the other

          h.  Existing  trial  subscriptions  will remain in place and Immediate
     Edge will have full rights to any revenue generated by customers continuing
     after the trial period.

          i.  Through  Closing  Date 30DC shall  control all funds in  Immediate
     Edge's Paypal  account which  operates  under the name Wuranga and in which
     most Immediate Edge revenue is received.

          j. Through  Closing  Date,  both Parties will have the right to access
     and use content on the Immediate Edge site.

          k.  Post-closing RV will continue to provide  customer support for the
     Become the Hub plug-in  product which 30DC sold this year, at no additional
     costs or compensation.

          l. The YouTube Video plug-in  product which was recently  developed by
     the Immediate Edge team as part of 30DC is an asset which will belong to RV
     as part of this agreement.

          m. Upon mutual agreement of 30DC,  Immediate Edge and their respective
     legal counsel,  30DC shall issue press  releases  announcing the term sheet
     and completed transaction.  Immediate Edge recognizes that 30DC is required
     by law to file information statements with the United States Securities and
     Exchange  Commission  and will  cooperate  with 30DC  regarding  all filing
     requirements.

     10. HEADINGS.  The headings contained in this Agreement are for convenience
and reference  purposes only, and shall not in any way be construed as effecting
the meaning or interpretation of the text of this Agreement.

     11. REPRESENTATIONS AND WARRANTIES. 30 DC represents that it owns Immediate
Edge  free and clear of any  liens,  encumbrances,  or claims of any kind.  30DC
represents  that it owns or has  rights to use all  assets  required  to operate
Immediate Edge. RV represents that it has  authorization  to sell the 10,560,000
Common Shares of 30DC, Inc., a Maryland Corporation. RV acknowledges that it has
full knowledge of the Immediate Edge business and all its requirements.

     12. OPPORTUNITY TO CONSULT WITH LEGAL COUNSEL. The Parties acknowledge they
have had a full and fair  opportunity to consult with legal counsel of their own
choosing throughout all

                                       4
<PAGE>

negotiations  which preceded the execution of this Agreement,  and in connection
with their execution of this Agreement.

     13.  MODIFIED  ONLY IN  WRITING.  This  Agreement  may only be  modified by
express written agreement of the Parties.

     14.  SEVERABILITY.  Every  provision  of this  Agreement  is intended to be
severable.  Accordingly,  should any provision be declared illegal,  invalid, or
otherwise unenforceable by a court of competent  jurisdiction,  such illegality,
invalidity, or unenforceability shall not effect the remaining provisions, which
shall remain fully valid, binding, and enforceable.

     15. NO DRAFTING  PARTY.  No party shall be deemed the  "drafting  party" of
this  Agreement.  Consequently,  this  Agreement  shall be construed as a whole,
according  to its fair  meaning and intent,  and not strictly for or against any
party hereto.

     16.  APPLICABLE  LAW. This Agreement  shall be governed by and construed in
accordance with the laws of the State of Maryland.

     17.  BINDING  AGREEMENT/SUCCESSORS  AND ASSIGNS.  This  Agreement  shall be
binding  upon  and  inure  to the  benefit  of the  Parties,  as well  as  their
respective successors, representatives, and assigns.

     18.   AUTHORITY/CAPACITY/ENTITIES.   Each  person  signing  this  Agreement
represents and warrants that he or she has complete authority and legal capacity
to enter  into this  Agreement  on behalf of the  entity  for which he or she is
signing, and agrees to defend, indemnify, and hold harmless all other parties if
that authority or capacity is challenged.

     19. KNOWING AND VOLUNTARY  AGREEMENT.  The Parties represent they have read
this  Agreement,  understand  it,  voluntarily  agree to its terms,  and sign it
freely.

     20.  COUNTERPARTS/FAX   SIGNATURES.  This  Agreement  may  be  executed  in
counterparts,  each of which shall be deemed an original, and all of which taken
together   shall   constitute  one  and  the  same   instrument.   Facsimile  or
electronically transmitted signatures shall be deemed effective as originals.

     21. PARTIES TO BEAR THEIR OWN FEES AND COSTS. Except as otherwise set forth
in the Promissory Note document entered into concurrently  herewith, the Parties
shall each be responsible for and pay all of their own fees and costs, including
but not limited to all attorneys' fees.

     22. CONFIDENTIALITY. Each Party agrees:

          a. This Agreement shall remain confidential,  except in the event this
     document is covered by a subpoena in any civil action or other legal action
     or proceeding; and

                                       5
<PAGE>

          b.  Both  Parties  have  been  in a  position  to  learn  confidential
     information  about the other  Party's  business.  This  Agreement  includes
     prohibition of either Party from disclosing  non-public  information of the
     other without permission from the other party.

     23.  INDEMNITY.  To the extent not  excluded  by statute or any  applicable
insurance coverage, the Company will defend and indemnify RV for good faith acts
while an officer or director of the Company. If alleged acts of RV are litigated
and found to be outside the scope of the Employment Contract, or are fraudulent,
or in bad faith and breach of contract,  then indemnity coverage hereunder shall
not be afforded to RV.

     24.  NON-DISPARAGEMENT.  The  Parties  each  agree  that each party and its
officers and directors,  managers,  affiliates,  interestholders,  employees and
shareholders,  shall  avoid  criticizing,  disparaging,  making any  accusatory,
derogatory,  or defamatory statements or allegations against the other party, or
in the case of the Company,  any member of  management or the Board of Directors
or shareholders or agents of the Company shall be the  beneficiaries  hereunder.
This  provision  shall  be  enforceable  by  ex-parte   injunctive  action,  for
retraction and injunction and followed by damages claims.

     25.  EFFECTIVE  DATE - the effective date of the agreement will be midnight
U.S. eastern time February 28, 2014.

                                       6
<PAGE>

     IN WITNESS WHEREOF,  the undersigned execute this Settlement  Agreement and
Mutual Release, thereby agreeing to abide by the terms hereof.

30DC, Inc., a Maryland Corporation

By:  /s/ Edward Dale                       Dated this 5th day of March, 2014
     ----------------------------------
Its: CEO

30DC, Inc. a Delaware Corporation          Dated this 5th day of March, 2014

By:  /s/ Edward Dale
     ----------------------------------
Its: President

RAINE VENTURES, LLC                        Dated this 3rd day of March, 2014

/s/ Dan Raine
---------------------------------------
Dan Raine

                                       7

<PAGE>

                                    EXHIBIT A

     1.   Agreement dated July 15, 2009 by and between the Parties.

     2.   Any Consulting or Employment  Agreements by and between Dan Raine,  or
          Raine Ventures, LLC and 30DC.

     3.   All other matters  arising from the Immediate Edge  relationship  with
          30DC.

                                       8

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