AMENDMENT AGREEMENT

THIS AGREEMENT dated for reference and made effective the 1st day of February, 2020,

AMONG:

WESLEY CLOVER INTERNATIONAL CORPORATION, a corporation incorporated under the laws of Canada;

and

KMB TRAC TWO HOLDINGS LTD., a corporation incorporated under the laws of the Province of British Columbia;

(together, the "Lenders")

AND:

COUNTERPATH CORPORATION, a corporation incorporated under the laws of the State of Nevada;

(the "Borrower")

WHEREAS:

A.The Borrower and the Lenders (each, a "Party" and together, the "Parties") entered into a Loan Agreement dated October 10, 2018 as amended on July 10, 2019 (together, the "Loan Agreement") pursuant to which the Lenders agreed to loan (the "Loan") to the Borrower up to US$5,000,000 on the terms and conditions of the Loan Agreement;

B.The Parties have agreed to enter into this Agreement to amend the Loan Agreement such that interest on the principal amount of the Loan will accrue and be paid at the time of the repayment of the Loan and that the accrued interest will also accrue interest at the Interest Rate (as defined in the Loan Agreement); and

C.Accordingly, the Parties wish to amend the Loan Agreement on the terms and conditions set out herein.

THIS AGREEMENT WITNESSES that, in consideration of the mutual covenants and promises set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by each of the Parties, the Parties agree as follows:

1.1Amendment to Loan Agreement

Each of the Parties agree to the following amendments:

(a)Section 6.1 is deleted in its entirety and replaced with the following:

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"6.1Interest will accrue on the outstanding daily balance of the Loan, plus any accrued and unpaid interest thereon, at the Interest Rate."

(b)Section 6.2 is deleted in its entirety and replaced with the following:

"6.2The Borrower promises to pay all accrued and outstanding interest at the time of the repayment of the Loan, as specified in Section 7.1 of this Agreement."

(c)Section 6.3 is deleted in its entirety and replaced with the following:

"6.3The Borrower will pay the Lenders interest on the outstanding principal balance of the Loan, plus any accrued and unpaid interest thereon, at the Interest Rate compounded daily."

(d)Section 6.4 is deleted in its entirety and replaced with the following:

"6.4Interest will be calculated as herein provided on the outstanding daily principal balance of the Loan, any accrued and unpaid interest thereon, and on overdue interest, daily, not in advance, as well after as before maturity, default and judgment on the basis of a 365 (or in the case of a leap year 366 day) year based on the actual number of days elapsed, on a nominal rate basis and without allowance or deduction for deemed re-investment or otherwise with respect to any amounts from time to time paid to the Lenders on account of interest under the Loan."

1.2Amendments.

This Agreement may only be amended, supplemented or otherwise modified by written agreement signed by all of the Parties.

1.3Entire Agreement.

Except as amended hereby, each of the Borrower and the Lenders agree that the Loan Agreement continues to be binding, unchanged, and in full force and effect. Upon execution of this Agreement by each of the Parties, the Loan Agreement and this Agreement will be read and construed as one agreement (together, the "Amended Loan Agreement"). The Amended Loan Agreement contains the entire understanding of the Parties with respect to the subject matter of this Agreement and the Loan Agreement and cancels and supersedes any prior understandings, agreements, negotiations and discussions, whether written or oral, between the Parties.

1.4Further Assurances.

The Parties agree to execute and deliver such further and other papers, cause such meetings to be held and resolutions passed enacted, exercise their vote and influence, and do and perform and cause to be done and performed, such further and other acts and things that may be necessary or desirable in order to give full effect to this Agreement and every part thereof.

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1.5Governing Law.

This Agreement will be construed and enforced in accordance with, and the rights of the Parties will be governed by the laws of the Province of British Columbia and applicable federal laws thereto.  The Lenders and the Borrower hereby attorn to the courts of competent jurisdiction located in the Province of British Columbia in any proceedings hereunder.

1.6Counterparts.

This Agreement may be executed simultaneously in two or more counterparts, each of which will be deemed an original, and it will not be necessary in making proof of this Agreement to produce or account for more than one such counterpart.  This Agreement may be executed by delivery of executed signature pages by fax or other form of electronic transmission and such transmission will be effective for all purposes.

IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed and delivered by their respective authorized signatories on the 25^th day of January, 2020.

The Lenders hereby acknowledge and agree that they have been requested to and given an opportunity to obtain independent legal advice with respect to the subject matter of this Agreement and its sufficiency for their purposes, and further, the Lenders hereby represent and warrant to the Borrower that it fully understands the terms and limitations of this Agreement.

BORROWER

COUNTERPATH CORPORATION, by
its authorized signatory:


Per:/s/ David Karp
Authorized Signatory

LENDERS

WESLEY CLOVER INTERNATIONAL CORPORATION, by
its authorized signatory:


Per:/s/ Paul Chiarelli
Authorized Signatory

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KMB TRAC TWO HOLDINGS LTD., by
its authorized signatory:


Per:/s/ Karen Bruk
Authorized Signatory