**AMENDING      AGREEMENT**

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

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

**AND      WHEREAS **

**NOW,      THEREFORE, **

| 1.   | Capitalized                terms used in this Amending Agreement but not defined shall have                the                respective meanings attributed to such terms in the Employment                Agreement. |
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| 2.   | From                and as of the date of this Amending Agreement, the Basic Salary shall                be                $200,000. |
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| 3.   | Notwithstanding                Section 5.2 and Schedule 5.2 of the Employment Agreement, from and                as of                the date of this Amending Agreement, in respect of each full Year                of                Employment during the Employment Period, the Employee shall be entitled                to                receive a maximum of 50 percent of the Basic Salary as bonus remuneration                based upon performance and other criteria agreed upon by the Chairman                and                Chief Executive Officer and the President and Chief Operating Officer                of                the Corporation and approved by the Compensation Committee of the                Board of                Directors of the Corporation. In respect of the First Year of Employment,                the bonus payable, if any, shall be pro rated to the proportion that                the                number of days in the First Year of Employment is to 365. For greater                certainty, for purposes of calculating the bonus payable in respect                of the                First Year of Employment, if any, with respect to the period between                February 10, 2006 and March 31, 2006 inclusive, the provisions of                Schedule                5.2 of the Employment Agreement prior to the date hereof shall apply,                without giving effect of this Amending Agreement. |
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| 4.   | The                Employment 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 Province of Ontario and the laws of Canada applicable                therein. |
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| 7.   | The                Employee acknowledges that: |
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| (a)   | she                has had sufficient time to review and consider this Amending Agreement                thoroughly; |
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| (b)   | she                has read and understands the terms of this Amending Agreement and                her                obligations under the Employment Agreement, as amended by this Amending                Agreement; |
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| (c)   | she                has been given an opportunity to obtain independent legal advice,                and such                other advice as she 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 her continued employment with the Corporation has not been                made                conditional on execution and delivery by her of this Amending                Agreement. |
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**IN      WITNESS WHEREOF**

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