**AMENDING      AGREEMENT**

**THIS      AMENDING AGREEMENT**
**OCCULOGIX,      INC. **
**“Corporation”**
**“Employee”**

**WHEREAS**
**“Employment      Agreement”**

**AND      WHEREAS **
**“First      Amending Agreement”**

**AND      WHEREAS, **

**AND      WHEREAS, **

**AND      WHEREAS **

**NOW,      THEREFORE, **

| 1.   | Section                3 of the Employment Agreement, as amended by the First Amending Agreement,                is hereby deleted in its entirety and replaced with the following                provision: |
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**3.**
**Performance      of Duties**

| 2.   | Section                5.1 of the Employment Agreement, as amended by the First Amending                Agreement, is hereby deleted in its entirety and replaced with the                following provision: |
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| **5.1  ** | **Salary****.**                The Corporation shall pay the Employee a salary (the “Salary”), minus                applicable deductions and withholdings, in respect of each Year of                Employment in the Employment Period, calculated at the rate of $68,660                per                annum, payable in equal installments according to the Corporation’s                regular payroll practices. The Salary shall, in the sole and absolute                discretion of the board of directors of the Corporation, be subject                to an                increase on the basis of an annual review. The Salary shall be prorated                in                respect of the First Year of Employment such that the Employee shall                be                entitled to and the Corporation shall be required to pay in respect                of                such year only the pro rata portion of the Salary that corresponds                to the                number of days, after May 31, 2005, worked by the Employee in the                First                Year of Employment. |
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| 3.   | Notwithstanding                Section 2 of this Amending Agreement and the amendment to Section                5.1 of                the Employment Agreement effected thereby, the term “Salary” shall mean                $116,723 for all purposes of the provisions of Sections 9 and 10                of the                Employment Agreement. |
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| 4.   | The                Employment Agreement, as amended by the First Amending Agreement,                remains                in full force and effect, unamended, other than as amended by this                Amending Agreement. |
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| 5.   | This                Amending Agreement may be signed by facsimile and in counterpart,                and each                such counterpart will constitute an original document, and such                counterparts, taken together, will constitute one and the same                instrument. |
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| 6.   | This                Amending Agreement shall be governed by, and construed in accordance                with,                the laws of the State of Florida, without regard to conflict of laws                rules                which are deemed inapplicable herein. The parties hereto each consent                to                the personal jurisdiction of the federal and state courts of the                State of                Florida. |
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| 7.   | The                Employee acknowledges that: |
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| (a)   | he                has had sufficient time to review and consider this Amending Agreement                thoroughly; |
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| (b)   | he                has read and understands the terms of this Amending Agreement and                his                obligations under the Employment Agreement, as amended by this Amending                Agreement; |
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| (c)   | he                has been given an opportunity to obtain independent legal advice,                and such                other advice as he may desire, concerning the interpretation and                effect of                this Amending Agreement; and |
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| (d)   | this                Amending Agreement is entered into voluntarily and without any pressure                and that his continued employment with the Corporation has not been                made                conditional on execution and delivery by him of this Amending                Agreement. |
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**IN      WITNESS WHEREOF**

|                                                           |                            |                               |                                                 |
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|                                                           |                            |
|                                                           | /s/                John Cornish |
| Signature                of Witness                            |                            |                               | John                Cornish                          |
|                                                           |                            |                               |                                                 |
|                                                           |                            |                               |                                                 |
| Name                of Witness (*please                print*) |                            |                               |                                                 |
|                                                           |                            | **OCCULOGIX,                INC.** |
|                                                           |                            | By:                                | /s/                Thomas P. Reeves                  |
|                                                           |                            |                               | Thomas                P. Reeves                      |
|                                                           |                            |                               | President                and Chief Operating Officer |
|                                                           |                            |                               |                                                 |