**AMENDING      AGREEMENT**

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

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

**AND      WHEREAS **
**“Amendment”**

**AND      WHEREAS, **

**AND      WHEREAS, **

**AND      WHEREAS, **
** **

**AND      WHEREAS **

**NOW,      THEREFORE, **

| 1.   | Notwithstanding                Section 6 of the Employment Agreement, as amended by the Amendment,                as of                April 1, 2006: |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a)   | the                Company shall pay to Employee as compensation for all services rendered                by                the Employee under the Employment Agreement, as amended by the Amendment                and as further amended by this Amending Agreement, a base salary                of                Cdn$178,040; |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | the                Employee’s vacation entitlement shall be 20 days per year, accruing in                accordance with the Corporation’s vacation policy from time to time;                and |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | the                Employee shall be entitled to an annual bonus of 25% of the Employee’s                annual base salary, which bonus shall be granted at the sole discretion                of                the Corporation based on specific measurable objectives determined                by the                Corporation. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | The                Employment Agreement, as amended by the Amendment, remains in full                force                and effect, unamended, other than as amended by this Amending                Agreement. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | 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. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | This                Amending Agreement shall be governed by, and construed in accordance                with,                the laws of the Province of Ontario and the laws of Canada applicable                therein. |
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| 5.   | The                Employee acknowledges that: |
|----------------|------------------------------------------------|

| (a)   | he                has had sufficient time to review and consider this Amending Agreement                thoroughly; |
|-----------------|---------------------------------------------------------------------------------------------------------------------|

| (b)   | he                has read and understands the terms of this Amending Agreement and                his                obligations under the Employment Agreement, as amended by the Amendment                and as further amended by this Amending                Agreement; |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (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 |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (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**

|                                                           |                                  |                               |                                   |
|----------------------------------------------------------------|---------------------------------------|------------------------------------|----------------------------------------|
|                                                           |                                  |
|                                                           | /s/                William G. Dumencu |
| Signature                of Witness                            |                                  |                               | William                G. Dumencu      |
|                                                           |                                  |                               |                                   |
|                                                           |                                  |                               |                                   |
| Name                of Witness (*please                print*) |                                  |                               |                                   |
|                                                           |                                  | **OCCULOGIX,                INC.** |
|                                                           |                                  | By:                                | /s/                Elias Vamvakas      |
|                                                           |                                  |                               | Elias                Vamvakas          |
|                                                           |                                  |                               | Chief                Executive Officer |
|                                                           |                                  |                               |                                   |