Document:

IntelGenx Technologies Corp.: Exhibit 10.22 - Filed by newsfilecorp.com

EXECUTION COPY 

MEMORANDUM OF AGREEMENT executed at Montreal, Quebec,
this 19th day of January, 2016. 

	
      BETWEEN: 
	
      INTELGENX CORP., a corporation constituted under
      the laws of Canada, having its head office at 6420 Abrams, Ville
      St.-Laurent, Quebec H4S 1Y2 duly represented herein by Dr. Horst Zerbe,
      its CEO and President, duly authorized to do so as he declares 

	  	  
	  	           
                         
         (hereinafter called the “Corporation”) 
	  	  
	AND: 	Robert J. Bechard, domiciled and
      residing at 141 Easton Avenue, Montreal (Quebec) H4X 1L4 
	  	  
	  	           
                       (hereinafter
      called the “Vice President”) 

WHEREAS the Corporation has undertaken to retain the
Vice President in the position of Vice President of Corporate Development
beginning January 18 , 2016 and the Vice President agrees to be so retained, the
whole “at-will” and under the terms and conditions set forth in this Memorandum
of Agreement (“Agreement); 

NOW, THEREFORE, THE PARTIES HERETO AGREE AS FOLLOWS:

	1. 	
      Preamble

	 	 
		
      The preamble of this Agreement and its Schedule(s) shall
      form an integral part hereof. Any payments due to the Vice President under
      the terms of this agreement shall be in lawful Canadian
currency.

	 	 
	2. 	
      Employment

	 	 
		
      Subject to the terms and conditions hereinafter set
      forth, the Corporation hereby agrees to retain the Vice President in the
      position of Vice President of Corporate Development beginning January 18,
      2016 (the “Commencement Date”), and the Vice President hereby
      agrees to serve in such capacities.

	 	 
	3. 	
      Term of Employment

	 	 
		
      Subject to the specific provisions hereinafter set forth
      respecting the termination of the Vice President’s employment, the
      employment of the Vice President shall be for an indeterminate term,
      commencing upon the Commencement Date. In this Agreement, each calendar
      year beginning on January 1, 2016, or fraction thereof, during the term of
      this Memorandum of Agreement is referred to as an “Employment
      Year”. All rights and obligations hereunder shall be prorated during
      any employment period of less than an Employment
Year.

	4. 	
      Duties and Responsibilities

	 	 	 
		4.1 	
      The Vice President will devote substantially all of the
      Vice President’s business hours to, and, during such time, will make the
      best use of the Vice President’s energy, knowledge and training in
      advancing the Corporation’s interests. The Vice President will have such
      duties, authority and responsibilities as shall be consistent with his
      positions diligently and conscientiously, and perform the duties of Vice
      President’s management title within the general guidelines outlined in the
      Vice President of Corporate Development job description, attached here to
      as Schedule A, as modified from time to time by the President and
      Chief Executive Officer during the first Employment Year.

	 	 	 
		4.2 	
      Beginning upon the Commencement Date, the Vice President
      shall report to the President and Chief Executive Officer of the
      Corporation.

	 	 	 
	5. 	
      Salary

	 	 	 
		
      The Vice President shall receive from the Corporation an
      annual salary of One Hundred Seventy Five Thousand Dollars ($175,000 CND)
      (the “Base Salary”), beginning upon the Commencement Date. The Base
      Salary shall be subject to review by the Compensation Committee of the
      Board on a yearly basis thereafter, provided that such Base Salary, as in
      effect from time to time, may be increased but not reduced. Salary shall
      be paid to the Vice President in 26 equal consecutive bi-weekly
      installments or in such other manner as may from time to time be agreed
      between the Corporation and the Vice President, less all appropriate
      withholdings required by law, and pursuant to the Corporation’s regular
      payroll practices.

	 	 	 
	6. 	
      Automobile

	 	 	 
		
      The Corporation shall pay to the Vice President a monthly
      automobile allowance in the amount of Seven Hundred Fifty Dollars ($750),
      which shall cover all related operating expenses, including, without
      limitation, insurance, registration, gas, maintenance and
  repairs.

	 	 	 
	7. 	
      Business Expenses

	 	 	 
		
      The Corporation shall reimburse the Vice President for
      all reasonable traveling, entertainment and other business expenses
      actually and properly incurred by the Vice President in connection with
      the performance of her duties hereunder upon presentation of acceptable
      documentary evidence that such expenses have been incurred.

	 	 	 
	8. 	
      Directors’ and Officers’ Liability
      Insurance

	 	 	 
		
      The Corporation hereby agrees to indemnify the Vice
      President in accordance with the provisions of its by-laws, as such
      provisions may be expanded from time to time. The Vice President will be
      covered by the Corporation’s directors and officer’s liability
      insurance.

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	9. 	
      Benefits

	 	 	 
		9.1 	
      Benefit Plans

	 	 	 
			
      The Vice President shall be entitled to participate in
      such group life, medical and disability insurance plans as may be provided
      by the Corporation for its employees from time to time.

	 	 	 
		9.2 	
      Communications Equipment

	 	 	 
			
      The Corporation shall provide the Vice President and pay
      for a mobile telephone, laptop computer and other communications equipment
      that the Vice President may use in connection with his duties hereunder
      (e.g. home internet access, smartphone etc.), and shall pay for the
      monthly fees and reasonable use of same. Such devices shall be returned to
      the Corporation upon termination of the Vice President
  employment.

	 	 	 
	10. 	
      Incentive Plans

	 	 	 
		10.1 	
      Short Term Incentive Plan: Bonus

	 	 	 
			
      The Vice President shall be entitled to receive an annual
      bonus in respect of each fiscal year that falls, in whole or in part,
      during the term of the Vice President’s employment hereunder, which will
      be awarded on the basis of accomplishment of specific objectives in two
      categories, namely company performance and personal goals.

	 	 	 
			
      The Vice President’s target bonus for meeting such
      performance targets shall be up to thirty percent (30%) of Base Salary.
      Assessment of performance level will be based fifty percent (50%) on
      defined financial and other criteria for the Corporation, and fifty
      percent (50%) on the accomplishment of specified personal performance
      goals by the Vice President. With both of these categories, a value will
      be placed on each specific element within that category. This approach is
      consistent with the current bonus program in place for senior management
      team.

	 	 	 
			
      The establishment and elaboration of the criteria for
      both of these performance categories, prior to the commencement of any
      year, and the subsequent assessment of performance results within those
      categories at year end, shall be done by the Compensation Committee of the
      Board in its sole discretion, in consultation with the CEO, Chairman of
      the Board, and the Vice President, so as to reach a conclusion on the
      extent to which the bonus has been earned. Performance targets shall be
      established by the Vice President and the Board before or within the first
      quarter of each fiscal year.

	 	 	 
			
      Any bonus payable pursuant to this Section 10.1 shall be
      payable following the fiscal year-end and subject to board approval of any
      bonus payable and of the audited financial statements or at such other
      time as may be agreed upon between the Vice President and the
      Corporation.

3 

		10.2 	
      Long Term Incentive Plan: Stock
    Options

	 	 	 	 
			
      Pursuant to the terms of a separate stock option
      agreement to be executed between the Corporation and the Vice President,
      the Corporation has agreed to grant to the Vice President a total of one
      hundred and fifty thousand (150,000) stock options which shall vest in
      accordance with the terms of such separate stock option agreement to be
      executed between the Corporation and the Vice President. Any grant of
      stock options to the Vice President will be subject to such terms and
      conditions as are set out in the Corporation’s stock option
plan.

	 	 	 	 
	11. 	
      Vacation

	 	 	 	 
		
      During each twelve (12) month period of his employment,
      the Vice President shall be entitled to twenty (20) days paid vacation, to
      be taken at such time(s) convenient to the Vice President and the
      Corporation.

	 	 	 	 
	12. 	
      Termination of Employment

	 	 	 	 
		12.1 	
      For purposes of this Section 12 and of Section 13 of this
      Agreement, the following words and expressions shall have the meaning
      ascribed to them below:

	 	 	 	 
			(a) 	
      “Accruals” means: (i) any accrued but unpaid Base
      Salary and accrued but unpaid vacation pay through to the date of
      termination of employment of the Vice President; (ii) benefits accrued and
      earned by the Vice President through to the date of termination (if any)
      in accordance with the applicable plans and programs of the Corporation;
      and (iii) any business expenses incurred by the Vice President in
      accordance with the provisions hereof, but not yet paid as of the date of
      termination, less all appropriate withholdings required by law;
  and

	 	 	 	 
			(b) 	
      “Cause” shall mean “serious reason”, as
      contemplated by Article 2094 of the Civil Code of Quebec.

	 	 	 	 
		12.2 	
      If the Vice President shall die, this Agreement shall
      terminate and the Corporation shall have no further obligations hereunder
      except to pay to the Vice President (or his estate, as the case may be)
      any Accruals. If the Vice President shall voluntarily resign from his
      employment with the Corporation at any time other than as described in
      section 13 of this Agreement, he shall be required to give 15 business
      days written notice to the Corporation.

	 	 	 	 
		12.3 	
      Notwithstanding anything contained herein, the
      Corporation may terminate the employment of the Vice President under this
      Agreement by notice in writing to the Vice President, given at any time,
      in any of the following events:

	 	 	 	 
			(a) 	
      for Cause, in which case the Vice President shall not be
      entitled to a notice period or to any compensation, damages or payment of
      any nature whatsoever, save for any Accruals; or

4 

	 	(b) 	
      for any reason whatsoever (other than the reasons set out
      in sub- paragraph a) of this Section 12.3 above, the consequences of which
      are set forth therein) in which case, in addition to the payment of any
      Accruals, the Vice President shall be entitled to the following payments
      and benefits in respect of a 12 (twelve) month period (the “Severance
      Period”), less all appropriate withholdings required by law, such payments
      and benefits being hereinafter referred to as the “Termination
      Benefits”:

	 	 	 	 
	 		(i) 	
      payment of a lump-sum indemnity equivalent to the
      aggregate amount of Base Salary that would have been payable during the
      Severance Period. Payment of this amount may instead be made by way of
      salary continuance, if so elected by the Vice President;

	 	 	 	 
	 		(ii) 	
      continued participation in all employee benefits plans
      and programs in which the Vice President was participating on the date of
      termination of employment, if and as permitted thereunder, until the
      earlier of: (i) the expiration of the Severance Period; and (ii) the date
      on which the Vice President receives equivalent coverage and benefits
      under other plans and programs of a subsequent employer;

	 	 	 	 
	 		(iii) 	
      payment of a bonus covering the period from the beginning
      of the then current fiscal year through to the date of termination of
      employment.

	 	 	 	 
	 		(iv) 	
      any stock options that are unvested at the date of
      termination of employment shall immediately vest and expire six months
      after the date of termination of employment

Except for any payments due to the
Vice President under 12.3 (b)(iii), all payments to the Vice President
contemplated by the Termination Benefits shall be made by the Corporation within
ten (10) days of the date of termination of the Vice President’s employment. Any
bonus payment due to the Vice President pursuant to 12.3 (b)(iii) shall be
payable following the fiscal year-end in accordance with the provisions of
section 10.1. Furthermore, it is specifically understood and agreed that the
Vice President shall have no obligation to mitigate damages or seek other
employment or compensation in the event she is entitled to receive Termination
Benefits under any provision of this Agreement, and except as otherwise
expressly provided, payments made as part of such Termination Benefits shall not
be offset by compensation or remuneration received from other sources. 

	13. 	
      Termination by the Vice President following a
      Change in Control

	 	 	 
		13.1 	
      For purposes of this Section 13 and only for such
      purposes, Change in Control” shall mean:

5 

any change of control, in fact or in
law, including any sale, transfer or any other disposition or transaction or
series thereof, directly or indirectly, pursuant to or as a result of which any
person or group of persons acting together or in concert shall acquire, hold or
exercise, whether directly or indirectly, rights over securities to which are
attached more than fifty percent (50%) of the votes that may be cast to elect
directors of the Corporation, or which entitle the holder(s) thereof to more
than fifty percent (50%) of the economic value of the Corporation but shall not
include a change of control resulting from the issuance by the Corporation of
securities from treasury pursuant to a financing. 

The Vice President may terminate his
employment hereunder at any time within a period of six (6) months following a
Change in Control, subject to a requirement to give 15 business days written
notice to the Corporation; in such event, the Corporation shall be required to
pay the Vice President any Accruals, and provide him with the Termination
Benefits. 

	14. 	
      Sufficiency of Payment

	 	 	 	 
		
      The Vice President acknowledges that the amounts and
      benefits contemplated in Section 12 hereof are fair and reasonable and
      that such amounts cover any and all amounts which may be owing or payable
      by the Corporation in respect of his employment and the termination
      thereof, whether as prior notice, compensatory payment in lieu of prior
      notice, indemnity in lieu of notice of termination, severance pay,
      vacation, bonus, incentive, allowance, expenses, benefits or contractual
      or extra-contractual damages pursuant to any provision of law, contract,
      policy, plan, regulation, decree or practice whatsoever. Except as
      expressly contemplated in Section 12 and except for any rights which he
      may have with respect to the indemnification to be provided by the
      Corporation pursuant to Section 8, whether under its by-laws or otherwise,
      the Vice President specifically acknowledges and agrees that neither he
      nor his estate shall be entitled to receive any other or additional
      amounts from the Corporation upon ceasing to be an employee.

	 	 	 	 
	15. 	
      Confidentiality

	 	 	 	 
		15.1 	
      The Vice President acknowledges that, in the course of
      his employment with the Corporation, he will have access to and be
      entrusted with confidential and proprietary information and trade secrets
      of or relating to the Corporation, which information is not part of the
      public domain, and which the Corporation has a legitimate interest in
      protecting. Such information and trade secrets include, but are not be
      limited to the following:

	 	 	 	 
			(a) 	
      The identity of the Corporation’s clients; the
      Corporation’s client lists; the products and/or services offered or
      provided to the Corporation’s clients, the prices charged for such
      products or services; the volume of sales made to such clients, the
      particular needs of such clients; and the methods or arrangements
      implemented by the Corporation or any Member thereof to service or do
      business with such clients;

6 

	 	(b) 	
      The identity of the Corporation’s suppliers; lists of
      suppliers; the products and/or services purchased from such suppliers, the
      prices paid to such suppliers, and the financial or other particular
      arrangements made between such suppliers and the Corporation or any Member
      thereof,

	 	 	 
	 	(c) 	
      The identity of the Corporation’s employees, the list(s)
      of employees of any Member of the Corporation, the salary, remuneration,
      other employment benefits and/or training provided to such
    employees;

	 	 	 
	 	(d) 	
      Any information concerning the actual or planned
      creation, production, development, marketing, sale, distribution and/or
      licensing of any products or services by the Corporation or any Member
      thereof;

	 	 	 
	 	(e) 	
      Any technique, process, method of doing business, or
      sales, marketing, product development or business plans or strategies,
      surveys, designs, inventions or other intellectual property of the
      Corporation or any Member thereof, including all antecedent derivative
      works; and

	 	 	 
	 	(f) 	
      Any information concerning the financial affairs of the
      Corporation or any Member thereof and any negotiations, licensing or other
      business agreements between any Member of the Corporation and third
      parties.

	 		
      Sections 15.1(a) – (f) are referred to collectively as
      “Confidential Information.” The Vice President acknowledges and
      agrees that the foregoing are only examples of the types of trade secrets,
      confidential and proprietary information that will be made known to him by
      reason of his employment with the Corporation, and are not to be construed
      as an exhaustive list of such information. It is also understood that the
      term “Confidential Information” does not include information which is or
      becomes generally known to the public without any breach by the Vice
      President of her obligations hereunder or any fault on the part of the
      Vice President.

	 	 	 
	 	15.2 	
      The Vice President covenants and agrees that, during his
      employment with the Corporation, and at all times subsequent to the
      termination of his said employment, for whatever reason, whether voluntary
      or involuntary, he shall not, directly or indirectly, in any manner or for
      any purpose whatsoever, except for the business purposes of the
      Corporation and as may be reasonably required in the normal and loyal
      performance of his employment duties hereunder or unless and to the extent
      he is specifically required to do so by Court order, use, copy or
      reproduce or allow to be used, copied or reproduced any Confidential
      Information or disclose, transmit, transfer or communicate or allow to be
      disclosed, transmitted, transferred or communicated any Confidential
      Information to any person, firm, business, corporation, partnership, joint
      venture, syndicate, association, governmental organization or authority,
      or any other type of entity or group, endowed or not with juridical
      personality.

7 

		15.3 	
      The Vice President acknowledges and agrees that the
      Confidential Information, and all materials, documents, files and records
      relating thereto, are and shall remain the exclusive property of the
      Corporation.

	 	 	 
		15.4 	
      The Vice President covenants and agrees that, upon the
      request of the Corporation and, in any event, upon the termination of his
      employment with the Corporation, for whatever reason, whether voluntary or
      involuntary, he will return to the Corporation immediately, without making
      or keeping any copies or reproductions thereof, in whatever form, all
      Confidential Information, however captured, stored or recorded, as well as
      all materials, documents, files, records, diskettes, notebooks, and other
      property of the Corporation which are in his possession, or under his
      custody or control.

	 	 	 
	16. 	
      Intellectual Property

	 	 	 
		16.1 	
      Any and all inventions and improvements thereon,
      processes, information and/or data which the Vice President may make,
      conceive and/or compile during his employment, whether alone or in concert
      with others, relating or in any way pertaining to, or connected with any
      of the matters which have been, are or may become, during his employment,
      the subject of the business, investigations and/or research and
      development program of the Corporation or in which the Corporation has
      been, is or may become interested during his employment (collectively, the
      “Inventions”), shall be the sole and exclusive property of the
      Corporation. The Vice President hereby assigns to the Corporation, without
      any limitation whatsoever, any and all right, title and interest in and to
      the Inventions.

	 	 	 
			
      Further, the Vice President hereby waives, without any
      limitation whatsoever, to the benefit of the Corporation, its successors,
      assigns and licensees any moral rights which he may have with respect to
      the Inventions for the term of such right.

	 	 	 
		16.2 	
      The Vice President will, whenever requested to do so by
      the Corporation, either during or after the termination of his employment,
      for any reason whatsoever, execute any and all applications, assignments
      and other instruments which the Corporation shall deem necessary in order
      to apply for and obtain letters patent of Canada and/or foreign countries
      for such Inventions and in order to assign and convey to the Corporation
      the sole and exclusive right, title and interest in and to such
      Inventions, applications and patents.

	 	 	 
		16.3 	
      To the end that Sections 16.1 and 16.2 hereof may be
      effectively carried out, the Vice President shall promptly inform and
      disclose to the Corporation all inventions, improvements, processes,
      applications, data and/or other information made, conceived and/or
      compiled by him during the Term.

	 	 	 
		16.4 	
      The requirements of this Section 16 do not apply to any
      intellectual property which covers those inventions for which no
      equipment, supplies, facility or trade secret information of the
      Corporation was used and which was developed entirely on the Vice
      President’s own time, and:

8 

	 	(a) 	
      which does not relate directly to the Corporation’s
      business or to the Corporation’s actual or demonstrably anticipated
      research or development, or

	 	 	 
	 	(b) 	
      which does not result from any work the Vice President
      performed for the Corporation. Except as previously disclosed to the
      Corporation in writing, the Vice President does not have, and will not
      assert, any claims to or rights under any intellectual property as having
      been made, conceived, authored or acquired by the Vice President prior to
      his employment by the Corporation.

	17. 	
      Non-Competition and Non-Solicitation
      Covenants

	 	 	 	 
		17.1 	
      The Vice President expressly covenants and agrees that,
      during his employment and for a period of twelve (12) months from the date
      on which his employment by the Corporation terminates, for whatever
      reason, whether voluntary or involuntary, he will not, directly or
      indirectly:

	 	 	 	 
			(a) 	
      anywhere in North America, engage in, whether as a sole
      proprietor, partner, shareholder or in any other proprietary capacity
      whatsoever, or provide support and/or assistance in any other form
      whatsoever, to any person, firm or corporation engaged in developing,
      manufacturing, licensing, marketing or distributing any product that
      competes with a product developed, manufactured, licensed, marketed or
      distributed by the Corporation during the Term or at the date of such
      termination of employment, as the case may be; provided that investments
      in securities representing less than 10% of the voting securities of any
      entity the shares of which are publicly traded shall not be deemed a
      violation of this subparagraph a);

	 	 	 	 
			(b) 	
      anywhere in North America, be employed by, act as an
      employee or adviser to, or be the agent or representative of any person,
      firm or corporation engaged in developing, manufacturing, licensing,
      marketing or distributing any product that competes with a product
      developed, manufactured, licensed, marketed or distributed by the
      Corporation during the Term or at the date of such termination of
      employment, as the case may be;

	 	 	 	 
			(c) 	
      solicit or attempt to solicit any customer or entice any
      such customer of the Corporation to cease dealing with the Corporation, in
      all such cases with a view to giving, selling or providing to such
      customer any products or services similar to the products or services sold
      or provided by the Corporation at the time of the cessation of his
      employment;

	 	 	 	 
			(d) 	
      solicit, induce, or otherwise persuade any employee of
      the Corporation to terminate his employment or to cease providing services
      to the Corporation.

9 

			
      In the event that in any legal proceedings before a
      competent tribunal in any jurisdiction, it is determined that either of
      Sub-sections a), b), c) or d) of Section 17 above, or any part of the said
      Sub-sections, is invalid with respect to any particular transaction, that
      Sub-section or part thereof shall be deemed to be severed from this
      Agreement for the purposes only of the particular legal proceedings in
      question, and the said Sub-section shall, in every other respect, continue
      in full force and effect.

	 	 	 
		17.2 	
      The restrictions contained in Section 17.1 will not
      prevent the Vice President from accepting employment with any larger
      pharmaceutical or medical products organization with separate and distinct
      divisions that do not compete, directly or indirectly, with the
      Corporation, as long as prior to accepting such employment the Corporation
      receives separate written assurances from the prospective employer and
      from the Vice President, satisfactory to the Corporation, to the effect
      that the Vice President will not render any services, directly or
      indirectly, to any division or business unit that competes, directly or
      indirectly, with the Corporation. During the restrictive period set forth
      in Section 17.1, the Vice President will inform any new employer, prior to
      accepting employment, of the existence of this Agreement and provide such
      employer with a copy of this Agreement. Further, the restrictions in
      Section 17.1 will not prohibit the Vice President from owning up to 5% of
      the capital stock of a publicly traded pharmaceutical or medical device
      company even if such public company has a product line which may compete
      with a Corporation Product. In the event that in any legal proceedings
      before a competent tribunal in any jurisdiction, it is determined that any
      of Sections 17.1(a), (b), (c) or (d) or any part of the said Sub-
      sections, is invalid with respect to any particular transaction, that
      Sub-section or part thereof shall be deemed to be severed from this
      Agreement for the purposes only of the particular legal proceedings in
      question, and the said Sub-section shall, in every other respect, continue
      in full force and effect.

	 	 	 
	18. 	
      Violation

	 	 	 
		18.1 	
      The Vice President hereby agrees that the restrictions in
      the foregoing sections and paragraphs are reasonable and necessary in
      order to permit the Corporation to adequately protect its legitimate
      interests and competitive position in the marketplace.

	 	 	 
		18.2 	
      The Vice President acknowledges that, in the event of any
      breach by him of any of his obligations under sections 15, 16, 17 and 18,
      such breach shall cause the Corporation serious and irreparable harm and
      that injunctive relief will be necessary in such event, without prejudice
      to any other recourses or remedies available to the
  Corporation.

10 

	19. 	
      General

	 	 	 
		19.1 	
      The Vice President acknowledges that this Agreement is a
      contract by mutual agreement for at-will employment which has been
      negotiated and discussed between the parties and entered into as a result
      thereof.

	 	 	 
		19.2 	
      The terms of this Agreement have been reviewed, voted on,
      and unanimously approved by the Corporation’s Board of
Directors.

	 	 	 
		19.3 	
      Except for the 2006 Stock Option Plan, this Agreement
      constitutes the entire agreement between the parties hereto with respect
      to the subject matter hereof, contains all of the agreements between the
      parties hereto and supersedes all prior written or oral agreements hereto
      with respect to the subject hereof and any and all such prior written or
      oral agreements are hereby terminated.

	 	 	 
		19.4 	
      No amendment to this Agreement shall be valid or binding
      unless set forth in writing and duly executed by both of the parties
      hereto. No waiver of any breach of any provision of this Agreement shall
      be effective or binding unless made in writing and signed by the party
      purporting to give the same and, unless otherwise provided in the written
      waiver, shall be limited to the specific breach waived.

	 	 	 
		19.5 	
      Each and every term, condition and provision of this
      Agreement is and shall be severable one from the other, and in the event
      that any term, condition or provision hereof is at any time declared by a
      court of competent jurisdiction to be void, invalid or unenforceable, same
      shall not extend to invalidate, make void or make unenforceable any
      condition or provision of this Agreement, and such term, condition or
      provision so declared to be void, invalid or unenforceable shall be
      severed from the rest of this Agreement.

	 	 	 
		19.6 	
      This Agreement shall be binding upon and shall enure to
      the benefit of the parties hereto, their respective successors, legal
      representatives and permitted assigns.

	 	 	 
		19.7 	
      The provisions of Sections 15, 16, 17, and 18 shall
      survive the termination of this Agreement.

	 	 	 
		19.8 	
      The paragraph and section headings herein are for
      convenience of reference only and shall not affect in any way the meaning
      or interpretation of this Agreement.

	 	 	 
		19.9 	
      This Agreement shall be governed by and construed in
      accordance with the laws of the Province of Quebec. The courts of the
      Province of Quebec shall have exclusive jurisdiction with respect to any
      disagreement or dispute between the parties regarding this
    Agreement.

	 	 	 
		19.10 	
      Time is of the essence of this Agreement.

	 	 	 
		19.11 	
      The parties acknowledge that they have required that the
      present Agreement, as well as all documents, notices and legal proceedings
      entered into, given or instituted pursuant or relating directly or
      indirectly hereto be drawn up in English.

11 

Les parties reconnaissent avoir exigé
la redaction en anglais de la présente convention ainsi que de tous documents
exécutés, avis donnés et toutes poursuites judiciaires intentées, directement ou
indirectement, relativement ou à la suite de la présente convention. 

AND THE PARTIES HAVE SIGNED:

	 	INTELGENX CORP.
    
	 	 
	 	Per: 	
	 	 	 
	 	 	 
	 	Robert J. Bechard
  

12IntelGenx Technologies Corp.: Exhibit 10.23 - Filed by newsfilecorp.com

EXECUTION COPY 

MEMORANDUM OF AGREEMENT executed at Montreal, Quebec,
this 1st day of March, 2016. 

	
      BETWEEN: 
	
      INTELGENX CORP., a corporation constituted under
      the laws of Canada, having its head office at 6420 Abrams, Ville
      St.-Laurent, Quebec H4S 1Y2 duly represented herein by Dr. Horst Zerbe,
      its CEO and President, duly authorized to do so as he declares 

	  	  
	  	           
                         
         (hereinafter called the “Corporation”) 
	  	  
	
      AND: 
	
      DR. DANA MATZEN, domiciled and residing at 4771
      Rue Sherbrooke, Ouest, Westmount, QC H3Z 1G5 

	  	  
	  	           
                       (hereinafter
      called the “Vice President”) 

WHEREAS the Corporation has undertaken to retain the
Vice President in the position of Vice President of Business Development
beginning March 14, 2016 and the Vice President agrees to be so retained, the
whole “at-will” and under the terms and conditions set forth in this Memorandum
of Agreement (“Agreement); 

NOW, THEREFORE, THE PARTIES HERETO AGREE AS FOLLOWS:

	1. 	
      Preamble

	 	 
		
      The preamble of this Agreement and its Schedule(s) shall
      form an integral part hereof. Any payments due to the Vice President under
      the terms of this agreement shall be in lawful Canadian
currency.

	 	 
	2. 	
      Employment

	 	 
		
      Subject to the terms and conditions hereinafter set
      forth, the Corporation hereby agrees to retain the Vice President in the
      position of Vice President of Business Development beginning March 14,
      2016 (the “Commencement Date”), and the Vice President hereby
      agrees to serve in such capacities.

	 	 
	3. 	
      Term of Employment

	 	 
		
      Subject to the specific provisions hereinafter set forth
      respecting the termination of the Vice President’s employment, the
      employment of the Vice President shall be for an indeterminate term,
      commencing upon the Commencement Date. In this Agreement, each calendar
      year beginning on January 1, 2016, or fraction thereof, during the term of
      this Memorandum of Agreement is referred to as an “Employment
      Year”. All rights and obligations hereunder shall be prorated during
      any employment period of less than an Employment
Year.

	4. 	
      Duties and Responsibilities

	 	 	 
		4.1 	
      The Vice President will devote substantially all of the
      Vice President’s business hours to, and, during such time, will make the
      best use of the Vice President’s energy, knowledge and training in
      advancing the Corporation’s interests. The Vice President will have such
      duties, authority and responsibilities as shall be consistent with her
      positions diligently and conscientiously, and perform the duties of Vice
      President’s management title within the general guidelines outlined in the
      Vice President of Business Development job description, attached here to
      as Schedule A, as modified from time to time by the President and
      Chief Executive Officer during the first Employment Year.

	 	 	 
		4.2 	
      Beginning upon the Commencement Date, the Vice President
      shall report to the President and Chief Executive Officer of the
      Corporation.

	 	 	 
	5. 	
      Salary

	 	 	 
		
      The Vice President shall receive from the Corporation an
      annual salary of One Hundred Seventy Five Thousand Dollars ($175,000 CND)
      (the “Base Salary”), beginning upon the Commencement Date. Six
      months after the Commencement Date, the Base Salary shall be automatically
      increased to Two Hundred and Ten Thousand Dollars ($210,000 CAN) Upon
      commencement of the first full calendar year following the Vice
      President’s employment and subject to review by the Compensation Committee
      of the Board on a yearly basis thereafter, such Base Salary, as in effect
      from time to time, may be increased but not reduced. Salary shall be paid
      to the Vice President in 26 equal consecutive bi- weekly installments or
      in such other manner as may from time to time be agreed between the
      Corporation and the Vice President, less all appropriate withholdings
      required by law, and pursuant to the Corporation’s regular payroll
      practices.

	 	 	 
	6. 	
      Automobile

	 	 	 
		
      The Corporation shall pay to the Vice President a monthly
      automobile allowance in the amount of Seven Hundred Fifty Dollars ($750),
      which shall cover all related operating expenses, including, without
      limitation, insurance, registration, gas, maintenance and
  repairs.

	 	 	 
	7. 	
      Business Expenses

	 	 	 
		
      The Corporation shall reimburse the Vice President for
      all reasonable traveling, entertainment and other business expenses
      actually and properly incurred by the Vice President in connection with
      the performance of her duties hereunder upon presentation of acceptable
      documentary evidence that such expenses have been
  incurred.

2 

	8. 	
      Directors’ and Officers’ Liability
      Insurance

	 	 	 
		
      The Corporation hereby agrees to indemnify the Vice
      President in accordance with the provisions of its by-laws, as such
      provisions may be expanded from time to time. The Vice President will be
      covered by the Corporation’s directors’ and officers’ liability
      insurance.

	 	 	 
	9. 	
      Benefits

	 	 	 
		9.1 	
      Benefit Plans

	 	 	 
			
      The Vice President shall be entitled to participate in
      such group life, medical and disability insurance plans as may be provided
      by the Corporation for its senior management from time to time.

	 	 	 
		9.2 	
      Communications Equipment

	 	 	 
			
      The Corporation shall provide the Vice President and pay
      for a mobile telephone, laptop computer and other communications equipment
      that the Vice President may use in connection with her duties hereunder
      (e.g. home internet access, smartphone etc.), and shall pay for the
      monthly fees and reasonable use of same. Such devices shall be returned to
      the Corporation upon termination of the Vice President’s
  employment.

	 	 	 
	10. 	
      Incentive Plans

	 	 	 
		10.1 	
      Short Term Incentive Plan: Bonus

	 	 	 
			
      The Vice President shall be entitled to receive an annual
      bonus in respect of each fiscal year that falls, in whole or in part,
      during the term of the Vice President’s employment hereunder, which will
      be awarded on the basis of accomplishment of specific objectives in two
      categories, namely company performance and personal goals.

	 	 	 
			
      The Vice President’s target bonus for meeting such
      performance targets shall be up to thirty percent (30%) of Base Salary.
      Assessment of performance level will be based fifty percent (50%) on
      defined financial and other criteria for the Corporation, and fifty
      percent (50%) on the accomplishment of specified personal performance
      goals by the Vice President. With both of these categories, a value will
      be placed on each specific element within that category. This approach is
      consistent with the current bonus program in place for the senior
      management team.

	 	 	 
			
      The establishment and elaboration of the criteria for
      both of these performance categories, prior to the commencement of any
      year, and the subsequent assessment of performance results within those
      categories at year end, shall be done by the Compensation Committee in its
      sole discretion, in consultation with the CEO, Chairman of the Board, and
      Vice President, so as to reach a conclusion

3 

	 		
      on the extent to which the bonus has been earned.
      Performance targets shall be established by the Vice President and the
      Board before or within the first quarter of each fiscal year.

	 	 	 
	 		
      Any bonus payable pursuant to this Section 10.1 shall be
      payable following the fiscal year-end and subject to board approval of any
      bonus payable and of the audited financial statements or at such other
      time as may be agreed upon between the Vice President and the
      Corporation.

	 	 	 
	 	10.2 	
      Long Term Incentive Plan: Stock
    Options

	 	 	 
	 		
      Pursuant to the terms of a separate stock option
      agreement to be executed between the Corporation and the Vice President,
      the Corporation has agreed to grant to the Vice President a total of two
      hundred thousand (200,000) stock options which shall vest in accordance
      with the terms of such separate stock option agreement to be executed
      between the Corporation and the Vice President. Any grant of stock options
      to the Vice President will be subject to such terms and conditions as are
      set out in the Corporation’s stock option
plan.

	11. 	
      Vacation

	 	 	 	 
		
      During each twelve (12) month period of her employment,
      the Vice President shall be entitled to twenty (20) days paid vacation, to
      be taken at such time(s) convenient to the Vice President and the
      Corporation.

	 	 	 	 
	12. 	
      Termination of Employment

	 	 	 	 
		12.1 	
      For purposes of this Section 12 and of Section 13 of this
      Agreement, the following words and expressions shall have the meaning
      ascribed to them below:

	 	 	 	 
			(a) 	
      “Accruals” means: (i) any accrued but unpaid Base
      Salary and accrued but unpaid vacation pay through to the date of
      termination of employment of the Vice President; (ii) benefits accrued and
      earned by the Vice President through to the date of termination (if any)
      in accordance with the applicable plans and programs of the Corporation;
      and (iii) any business expenses incurred by the Vice President in
      accordance with the provisions hereof, but not yet paid as of the date of
      termination, less all appropriate withholdings required by law;
  and

	 	 	 	 
			(b) 	
      “Cause” shall mean “serious reason”, as
      contemplated by Article 2094 of the Civil Code of Quebec.

	 	 	 	 
		12.2 	
      If the Vice President shall die, this Agreement shall
      terminate and the Corporation shall have no further obligations hereunder
      except to pay to the Vice President (or her estate, as the case may be)
      any Accruals. If the Vice President shall voluntarily resign from her
      employment with the Corporation at any time other than as described in
      section 13 of this Agreement, she shall be required to give 15 business
      days written notice to the Corporation.

4 

	 	12.3 	
      Notwithstanding anything contained herein, the
      Corporation may terminate the employment of the Vice President under this
      Agreement by notice in writing to the Vice President, given at any time,
      in any of the following events:

	 	 	 	 	 
	 		(a) 	
      for Cause, in which case the Vice President shall not be
      entitled to a notice period or to any compensation, damages or payment of
      any nature whatsoever, save for any Accruals; or

	 	 	 	 	 
	 		(b) 	
      for any reason whatsoever (other than the reasons set out
      in sub- paragraph a) of this Section 12.3 above, the consequences of which
      are set forth therein) in which case, in addition to the payment of any
      Accruals, the Vice President shall be entitled to the following payments
      and benefits in respect of a 12 (twelve) month period (the “Severance
      Period”), less all appropriate withholdings required by law, such payments
      and benefits being hereinafter referred to as the “Termination
      Benefits”:

	 	 	 	 	 
	 			(i) 	
      payment of a lump-sum indemnity equivalent to the
      aggregate amount of Base Salary plus the average of the three (3) last
      years’ bonuses that would have been payable during the Severance Period.
      Payment of this amount may instead be made by way of salary continuance,
      if so elected by the Vice President;

	 	 	 	 	 
	 			(ii) 	
      continued participation in all employee benefits plans
      and programs in which the Vice President was participating on the date of
      termination of employment, if and as permitted thereunder, until the
      earlier of: (i) the expiration of the Severance Period; and (ii) the date
      on which the Vice President receives equivalent coverage and benefits
      under other plans and programs of a subsequent employer;

	 	 	 	 	 
	 			(iii) 	
      payment of a bonus covering the period from the beginning
      of the then current fiscal year through to the date of termination of
      employment.

	 	 	 	 	 
	 			(iv) 	
      any stock options that are unvested at the date of
      termination of employment shall immediately vest and expire six months
      after the date of termination of employment

Except for any payments due to the
Vice President under 12.3 (b)(iii), all payments to the Vice President
contemplated by the Termination Benefits shall be made by the Corporation within
ten (10) days of the date of termination of the Vice President’s employment. Any
bonus payment due to the Vice President pursuant to 12.3 (b)(iii) shall be
payable following the fiscal year-end in accordance with the provisions of
section 10.1. Furthermore, it is specifically understood and agreed that the
Vice President shall have no obligation to mitigate damages or seek other
employment or compensation in the event she is entitled to receive Termination
Benefits under any provision of this Agreement, and except 

5 

as otherwise expressly provided,
payments made as part of such Termination Benefits shall not be offset by
compensation or remuneration received from other sources. 

	13. 	
      Termination by the Vice President following a
      Change in Control

	 	 	 	 
		13.1 	
      For purposes of this Section 13 and only for such
      purposes, Change in Control” shall mean:

	 	 	 	 
			
      any change of control, in fact or in law, including any
      sale, transfer or any other disposition or transaction or series thereof,
      directly or indirectly, pursuant to or as a result of which any person or
      group of persons acting together or in concert shall acquire, hold or
      exercise, whether directly or indirectly, rights over securities to which
      are attached more than fifty percent (50%) of the votes that may be cast
      to elect directors of the Corporation, or which entitle the holder(s)
      thereof to more than fifty percent (50%) of the economic value of the
      Corporation but shall not include a change of control resulting from the
      issuance by the Corporation of securities from treasury pursuant to a
      financing.

	 	 	 	 
			
      The Vice President may terminate her employment hereunder
      at any time within a period of six (6) months following a Change in
      Control, subject to a requirement to give 15 business days written notice
      to the Corporation; in such event, the Corporation shall be required to
      pay the Vice President any Accruals, and provide her with the Termination
      Benefits.

	 	 	 	 
	14. 	
      Sufficiency of Payment

	 	 	 	 
		
      The Vice President acknowledges that the amounts and
      benefits contemplated in Section 12 hereof are fair and reasonable and
      that such amounts cover any and all amounts which may be owing or payable
      by the Corporation in respect of her employment and the termination
      thereof, whether as prior notice, compensatory payment in lieu of prior
      notice, indemnity in lieu of notice of termination, severance pay,
      vacation, bonus, incentive, allowance, expenses, benefits or contractual
      or extra-contractual damages pursuant to any provision of law, contract,
      policy, plan, regulation, decree or practice whatsoever. Except as
      expressly contemplated in Section 12 and except for any rights which she
      may have with respect to the indemnification to be provided by the
      Corporation pursuant to Section 8, whether under its by-laws or otherwise,
      the Vice President specifically acknowledges and agrees that neither she
      nor her estate shall be entitled to receive any other or additional
      amounts from the Corporation upon ceasing to be an employee.

	 	 	 	 
	15. 	
      Confidentiality

	 	 	 	 
		15.1 	
      The Vice President acknowledges that, in the course of
      her employment with the Corporation, she will have access to and be
      entrusted with confidential and proprietary information and trade secrets
      of or relating to the Corporation, which information is not part of the
      public domain, and which the Corporation has a

6 

legitimate interest in protecting.
Such information and trade secrets include, but are not be limited to the
following: 

	 	(a) 	
      The identity of the Corporation’s clients; the
      Corporation’s client lists; the products and/or services offered or
      provided to the Corporation’s clients, the prices charged for such
      products or services; the volume of sales made to such clients, the
      particular needs of such clients; and the methods or arrangements
      implemented by the Corporation or any Member thereof to service or do
      business with such clients;

	 	 	 
	 	(b) 	
      The identity of the Corporation’s suppliers; lists of
      suppliers; the products and/or services purchased from such suppliers, the
      prices paid to such suppliers, and the financial or other particular
      arrangements made between such suppliers and the Corporation or any Member
      thereof,

	 	 	 
	 	(c) 	
      The identity of the Corporation’s employees, the list(s)
      of employees of any Member of the Corporation, the salary, remuneration,
      other employment benefits and/or training provided to such
    employees;

	 	 	 
	 	(d) 	
      Any information concerning the actual or planned
      creation, production, development, marketing, sale, distribution and/or
      licensing of any products or services by the Corporation or any Member
      thereof;

	 	 	 
	 	(e) 	
      Any technique, process, method of doing business, or
      sales, marketing, product development or business plans or strategies,
      surveys, designs, inventions or other intellectual property of the
      Corporation or any Member thereof, including all antecedent derivative
      works; and

	 	 	 
	 	(f) 	
      Any information concerning the financial affairs of the
      Corporation or any Member thereof and any negotiations, licensing or other
      business agreements between any Member of the Corporation and third
      parties.

	 		
      Sections 15.1(a) – (f) are referred to collectively as
      “Confidential Information.” The Vice President acknowledges and
      agrees that the foregoing are only examples of the types of trade secrets,
      confidential and proprietary information that will be made known to her by
      reason of her employment with the Corporation, and are not to be construed
      as an exhaustive list of such information. It is also understood that the
      term “Confidential Information” does not include information which is or
      becomes generally known to the public without any breach by the Vice
      President of her obligations hereunder or any fault on the part of the
      Vice President.

	 	 	 
	 	15.2 	
      The Vice President covenants and agrees that, during her
      employment with the Corporation, and at all times subsequent to the
      termination of her said employment, for whatever reason, whether voluntary
      or involuntary, she shall not, directly or indirectly, in any manner or
      for any purpose whatsoever, except for the business purposes of the
      Corporation and as may be reasonably required in the normal and loyal
      performance of her employment duties hereunder or unless and to the extent
      she is specifically required to do so by Court order, use, copy
  or

7 

	 		
      reproduce or allow to be used, copied or reproduced any
      Confidential Information or disclose, transmit, transfer or communicate or
      allow to be disclosed, transmitted, transferred or communicated any
      Confidential Information to any person, firm, business, corporation,
      partnership, joint venture, syndicate, association, governmental
      organization or authority, or any other type of entity or group, endowed
      or not with juridical personality.

	 	 	 
	 	15.3 	
      The Vice President acknowledges and agrees that the
      Confidential Information, and all materials, documents, files and records
      relating thereto, are and shall remain the exclusive property of the
      Corporation.

	 	 	 
	 	15.4 	
      The Vice President covenants and agrees that, upon the
      request of the Corporation and, in any event, upon the termination of her
      employment with the Corporation, for whatever reason, whether voluntary or
      involuntary, she will return to the Corporation immediately, without
      making or keeping any copies or reproductions thereof, in whatever form,
      all Confidential Information, however captured, stored or recorded, as
      well as all materials, documents, files, records, diskettes, notebooks,
      and other property of the Corporation which are in her possession, or
      under her custody or control.

	16. 	
      Intellectual Property

	 	 	 
		16.1 	
      Any and all inventions and improvements thereon,
      processes, information and/or data which the Vice President may make,
      conceive and/or compile during her employment, whether alone or in concert
      with others, relating or in any way pertaining to, or connected with any
      of the matters which have been, are or may become, during her employment,
      the subject of the business, investigations and/or research and
      development program of the Corporation or in which the Corporation has
      been, is or may become interested during her employment (collectively, the
      “Inventions”), shall be the sole and exclusive property of the
      Corporation. The Vice President hereby assigns to the Corporation, without
      any limitation whatsoever, any and all right, title and interest in and to
      the Inventions.

	 	 	 
			
      Further, the Vice President hereby waives, without any
      limitation whatsoever, to the benefit of the Corporation, its successors,
      assigns and licensees any moral rights which she may have with respect to
      the Inventions for the term of such right.

	 	 	 
		16.2 	
      The Vice President will, whenever requested to do so by
      the Corporation, either during or after the termination of her employment,
      for any reason whatsoever, execute any and all applications, assignments
      and other instruments which the Corporation shall deem necessary in order
      to apply for and obtain letters patent of Canada and/or foreign countries
      for such Inventions and in order to assign and convey to the Corporation
      the sole and exclusive right, title and interest in and to such
      Inventions, applications and patents.

8 

		16.3 	
      To the end that Sections 16.1 and 16.2 hereof may be
      effectively carried out, the Vice President shall promptly inform and
      disclose to the Corporation all inventions, improvements, processes,
      applications, data and/or other information made, conceived and/or
      compiled by her during the Term.

	 	 	 	 
		16.4 	
      The requirements of this Section 16 do not apply to any
      intellectual property which covers those inventions for which no
      equipment, supplies, facility or trade secret information of the
      Corporation was used and which was developed entirely on the Vice
      President’s own time, and:

	 	 	 	 
			(a) 	
      which does not relate directly to the Corporation’s
      business or to the Corporation’s actual or demonstrably anticipated
      research or development, or

	 	 	 	 
			(b) 	
      which does not result from any work the Vice President
      performed for the Corporation. Except as previously disclosed to the
      Corporation in writing, the Vice President does not have, and will not
      assert, any claims to or rights under any intellectual property as having
      been made, conceived, authored or acquired by the Vice President prior to
      her employment by the Corporation.

	 	 	 	 
	17. 	
      Non-Competition and Non-Solicitation
      Covenants

	 	 	 	 
		17.1 	
      The Vice President expressly covenants and agrees that,
      during her employment and for a period of twelve (12) months from the date
      on which her employment by the Corporation terminates, for whatever
      reason, whether voluntary or involuntary, she will not, directly or
      indirectly:

	 	 	 	 
			(a) 	
      anywhere in North America, engage in, whether as a sole
      proprietor, partner, shareholder or in any other proprietary capacity
      whatsoever, or provide support and/or assistance in any other form
      whatsoever, to any person, firm or corporation engaged in developing,
      manufacturing, licensing, marketing or distributing any product that
      competes with a product developed, manufactured, licensed, marketed or
      distributed by the Corporation during the Term or at the date of such
      termination of employment, as the case may be; provided that investments
      in securities representing less than 10% of the voting securities of any
      entity the shares of which are publicly traded shall not be deemed a
      violation of this subparagraph a);

	 	 	 	 
			(b) 	
      anywhere in North America, be employed by, act as an
      employee or adviser to, or be the agent or representative of any person,
      firm or corporation engaged in developing, manufacturing, licensing,
      marketing or distributing any product that competes with a product
      developed, manufactured, licensed, marketed or distributed by the
      Corporation during the Term or at the date of such termination of
      employment, as the case may be;

9 

	 	(c) 	
      solicit or attempt to solicit any customer or entice any
      such customer of the Corporation to cease dealing with the Corporation, in
      all such cases with a view to giving, selling or providing to such
      customer any products or services similar to the products or services sold
      or provided by the Corporation at the time of the cessation of her
      employment;

	 	 	 
	 	(d) 	
      solicit, induce, or otherwise persuade any employee of
      the Corporation to terminate her employment or to cease providing services
      to the Corporation.

	 		
      In the event that in any legal proceedings before a
      competent tribunal in any jurisdiction, it is determined that either of
      Sub-sections a), b), c) or d) of Section 17 above, or any part of the said
      Sub-sections, is invalid with respect to any particular transaction, that
      Sub-section or part thereof shall be deemed to be severed from this
      Agreement for the purposes only of the particular legal proceedings in
      question, and the said Sub-section shall, in every other respect, continue
      in full force and effect.

	 	 	 
	 	17.2 	
      The restrictions contained in Section 17.1 will not
      prevent the Vice President from accepting employment with any larger
      pharmaceutical or medical products organization with separate and distinct
      divisions that do not compete, directly or indirectly, with the
      Corporation, as long as prior to accepting such employment the Corporation
      receives separate written assurances from the prospective employer and
      from the Vice President, satisfactory to the Corporation, to the effect
      that the Vice President will not render any services, directly or
      indirectly, to any division or business unit that competes, directly or
      indirectly, with the Corporation. During the restrictive period set forth
      in Section 17.1, the Vice President will inform any new employer, prior to
      accepting employment, of the existence of this Agreement and provide such
      employer with a copy of this Agreement. Further, the restrictions in
      Section 17.1 will not prohibit the Vice President from owning up to 5% of
      the capital stock of a publicly traded pharmaceutical or medical device
      company even if such public company has a product line which may compete
      with a Corporation Product. It is understood that this section will only
      apply if the restrictions contained in Section 17.1 are valid and
      enforceable against the Vice President.

	18. 	
      Violation

	 	 	 
		18.1 	
      The Vice President hereby agrees that the restrictions in
      the foregoing sections and paragraphs are reasonable and necessary in
      order to permit the Corporation to adequately protect its legitimate
      interests and competitive position in the marketplace.

	 	 	 
		18.2 	
      The Vice President acknowledges that, in the event of any
      breach by him of any of her obligations under sections 15, 16, 17 and 18,
      such breach shall cause the Corporation serious and irreparable harm and
      that injunctive relief will be

10 

necessary in such event, without
prejudice to any other recourses or remedies available to the Corporation. 

	19. 	
      General

	 	 	 
		19.1 	
      The Vice President acknowledges that this Agreement is a
      contract by mutual agreement for at-will employment which has been
      negotiated and discussed between the parties and entered into as a result
      thereof.

	 	 	 
		19.2 	
      The terms of this Agreement have been reviewed, voted on,
      and unanimously approved by the Corporation’s Board of
Directors.

	 	 	 
		19.3 	
      Except for the 2006 Stock Incentive Plan, this Agreement
      constitutes the entire agreement between the parties hereto with respect
      to the subject matter hereof, contains all of the agreements between the
      parties hereto and supersedes all prior written or oral agreements hereto
      with respect to the subject hereof and any and all such prior written or
      oral agreements are hereby terminated.

	 	 	 
		19.4 	
      No amendment to this Agreement shall be valid or binding
      unless set forth in writing and duly executed by both of the parties
      hereto. No waiver of any breach of any provision of this Agreement shall
      be effective or binding unless made in writing and signed by the party
      purporting to give the same and, unless otherwise provided in the written
      waiver, shall be limited to the specific breach waived.

	 	 	 
		19.5 	
      Each and every term, condition and provision of this
      Agreement is and shall be severable one from the other, and in the event
      that any term, condition or provision hereof is at any time declared by a
      court of competent jurisdiction to be void, invalid or unenforceable, same
      shall not extend to invalidate, make void or make unenforceable any
      condition or provision of this Agreement, and such term, condition or
      provision so declared to be void, invalid or unenforceable shall be
      severed from the rest of this Agreement.

	 	 	 
		19.6 	
      This Agreement shall be binding upon and shall enure to
      the benefit of the parties hereto, their respective successors, legal
      representatives and permitted assigns.

	 	 	 
		19.7 	
      The provisions of Sections 15, 16, 17, and 18 shall
      survive the termination of this Agreement.

	 	 	 
		19.8 	
      The paragraph and section headings herein are for
      convenience of reference only and shall not affect in any way the meaning
      or interpretation of this Agreement.

	 	 	 
		19.9 	
      This Agreement shall be governed by and construed in
      accordance with the laws of the Province of Quebec. The courts of the
      Province of Quebec shall have exclusive jurisdiction with respect to any
      disagreement or dispute between the parties regarding this
    Agreement.

	 	 	 
		19.10 	
      Time is of the essence of this
  Agreement.

11 

	 	19.11 	
      The parties acknowledge that they have required that the
      present Agreement, as well as all documents, notices and legal proceedings
      entered into, given or instituted pursuant or relating directly or
      indirectly hereto be drawn up in English. Les parties reconnaissent avoir
      exigé la rédaction en anglais de la présente convention ainsi que de tous
      documents exécutés, avis donnés et toutes poursuites judiciaires
      intentées, directement ou indirectement, relativement ou à la suite de la
      présente convention.

AND THE PARTIES HAVE SIGNED:

	 	INTELGENX CORP.
    
	 	 	 
	 	Per: 	
	 	 	 
	 	 	 
	 	Dana Matzen
  

12

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