Document:

IntelGenx Technologies Corp.: Exhibit 10.3 - Filed by newsfilecorp.com

Exhibit 10.3

SUBSCRIPTION AGREEMENT – UNITS

INTELGENX TECHNOLOGIES CORP.

AND

BOLDER INVESTMENT PARTNERS, LTD.

Private Placement of up to 6,250,000 units (“Units”) at
$0.40 per Unit. Each unit will consist of one common share and one common share
purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase
one common share of IntelGenx Technologies Corp. for 36 months following the
closing of the offering at an exercise price of $0.50. Unless otherwise
indicated, all dollar amounts referred to herein, including the symbol “$”, are
in lawful currency of Canada.

 

INSTRUCTIONS

All Subscribers:

	1. 	
      Complete and sign pages 1 and 2 of the Subscription
      Agreement.

	 	 
	2. 	
      If you are a non-individual subscriber, complete and sign
      the TSX-V Form 4C – Corporate Placee Registration Form – Appendix I. If
      you have previously filed a Form 4C with the TSX-V and it remains
      current, then complete and sign the Confirmation of Previously
      Filed Corporate Placee Registration Form – Appendix II, instead of
      Appendix I.

	 	 
	3. 	
      If you are resident in Canada and are an “accredited
      investor” (as defined in Section 1.1 of this Agreement), complete and sign
      the Accredited Investor Certificate – Appendix III, unless the
      aggregate cost of the Units you have subscribed for is not less than
      $150,000.

	 	 
	4. 	
      If you are resident in an International Jurisdiction
      (other than Canada or the United States), complete and sign the
      International Investor Certificate – Appendix IV.

	 	 
	5. 	
      Complete and sign the Registration Rights Agreement –
      Appendix V and the Selling Securityholder Questionnaire attached as
      Schedule A thereto.

	 	 
	6. 	
      To subscribe complete, as applicable, and forward (i)
      this Subscription Agreement; (ii) all applicable Appendixes; (iii) the
      Registration Rights Agreement with the Selling Securityholder
      Questionnaire; and (iv) the subscription proceeds,
  to:

	 	Bolder Investment Partners, Ltd. 	 
	 	800 – 1450 Creekside Drive 	 
	 	Vancouver, BC V6J 5B3 	 
	 	Attention: Martin Burian 	 
	 	Fax : (604) 714-2326 	 

THE SECURITIES TO WHICH THIS SUBSCRIPTION AGREEMENT RELATES
HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED (THE “1933 ACT”) OR ANY APPLICABLE STATE SECURITIES LAWS, AND ARE BEING
OFFERED AND ISSUED IN RELIANCE UPON AN EXEMPTION FROM SUCH REGISTRATION
REQUIREMENTS, AND, ACCORDINGLY, MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE
TRANSFERRED, DIRECTLY OR INDIRECTLY, EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE U.S. SECURITIES ACT OR PURSUANT TO AN AVAILABLE
EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE 1933 ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES
LAWS. HEDGING TRANSACTIONS INVOLVING THE SECURITIES ARE PROHIBITED EXCEPT IN
COMPLIANCE WITH THE 1933 ACT.

SUBSCRIPTION AGREEMENT FOR UNITS

	To: 	IntelGenx Technologies Corp. (the
      “Issuer”), 6425 Abrams, Ville St.-Laurent, Quebec, H4S 1X9 
	  	  
	And To: 	Bolder Investment Partners, Ltd. (the
      “Agent”), 800-1450 Creekside Drive, Vancouver, British Columbia,
      V6J 5B3 

The undersigned (the “Subscriber”) hereby acknowledges
that the Issuer is proceeding with a private placement of up to 6,250,000 units
(the “Units”) at a price of $0.40 per Unit and irrevocably tenders to the
Issuer and the Agent this subscription offer which, upon acceptance by the
Issuer at its discretion, will constitute an agreement of the Subscriber to
subscribe for, take up, purchase and pay for and, on the part of the Issuer, to
issue and sell to the Subscriber the number of Units set out below on the terms
and subject to the conditions set out in this Agreement. Each Unit will consist
of one common share in the capital of the Issuer (a “Common Share”) and
one common share purchase warrant (a “Warrant”). Each Warrant will
entitle the holder to purchase one common share in the capital of the Issuer (a
“Warrant Share”) for 36 months from the Closing Date (as defined herein)
at an exercise price of $0.50 per Warrant Share.

	Number of Units: 

Aggregate Subscription Price at
      $0.40 per Units: 	 
      __________________

$__________________ 

DATED this ________ day of , 2010.

	 	 	 
	(Name of Subscriber – please print) 	 	(Subscriber’s Residential or Head Office
      Address) 
	  	 	  
	by: 	 	 	 
    
	(Official Capacity or Title – please print) 	 	  
	  	 	  
	 	 	 
	Authorized Signature 	 	(Telephone Number) 
	  	 	  
	  	 	  
	(Please print name of individual whose signature
    	 	(Facsimile Number) 
	appears above if different than the name of the
    	 	  
	Subscriber printed above.) 	 	 
    
	  	 	(E-mail Address) 
	Please complete if purchasing as an agent for
      a 	 	  
	disclosed principal and not deemed to be
    	 	  
	purchasing as a principal under the
      applicable 	 	  
	securities legislation 	 	  
	  	 	  
	 	 	 
	Name of disclosed principal 	 	  
	  	 	  
	 	 	 
	Address of disclosed principal 	 	  
	  	 	  
	 	 	 
	Telephone number of disclosed principal 	 	  

– 2 –

	Registration Instructions (if other than in name
      of Subscriber): 	 	Delivery Instructions (if other than the
      address above):  
	 	 	 
	 	 	 
	 	 	 
	Name 	 	Account reference, if applicable 
	 	 	 
	 	 	 
	Account reference, if applicable 	 	Contact Name 
	 	 	 
	 	 	 
	Address 	 	Address 
	  	 	  
	 	 	 
	 	 	 
	 	 	 
	  	 	Telephone Number 
	 	 	 
	 	 	 
	  	 	Facsimile Number 

Present Ownership of Securities

The Subscriber either [check appropriate box]:

	[    ]	owns directly or indirectly,
        or exercises control or direction over, no Common Shares of the Issuer
        or securities convertible into Common Shares; or 

	 	

	[    ]	owns directly or indirectly,
        or exercises control or direction over __________, Common Shares of the
        Issuer and convertible securities entitling the Subscriber to acquire
        an additional ___________ Common Shares. 

Insider Status

The Subscriber either [check appropriate box]:

	[    ]	is an “Insider” of the Issuer as defined in the
      Securities Act (Ontario); or 
	 	 
	[    ]	is not an Insider of the Issuer.

Member of “Pro Group”

The Subscriber either [check appropriate box]:

	[    ]	is a Member of the “Pro Group” as defined in
      Policy 1.1 of the TSX Venture Exchange; or 
	 	 
	[    ]	is not a member of the Pro Group.

NOTE: The information collected herein will be used by the
Issuer in determining whether the Subscriber meets the requirements for the
applicable prospectus exemptions, for making certain filings with applicable
regulatory authorities and for meeting its requirements under securities
legislation with respect to the mailing of continuous disclosure materials of
the Issuer to the Subscriber. By signing this subscription agreement, the
Subscriber and any disclosed principal for whom the Subscriber is acting hereby
consents to the collection and use of all of the Subscriber’s or the disclosed
principal’s personal information contained herein by the Issuer for the above
referenced purposes.

– 3 –

This subscription is accepted by IntelGenx Technologies Corp.
this _____day of _______________, 2010.

INTELGENX TECHNOLOGIES CORP.

	Per:	 	 
	 	Authorized Signatory 	 

– 4 –

	1. 	
      INTERPRETATION

	 	 	 
	1.1 	
      In this Agreement, unless the context otherwise
      requires:

	 	 	 
		(a) 	
      “1933 Act” means the United States Securities
      Act of 1933, as amended;

	 	 	 
		(b) 	
      “Accredited Investor” has the same meaning
      ascribed to that term in National Instrument 45-106;

	 	 	 
		(c) 	
      “Agency Agreement” means the agency agreement to
      be entered into between the Issuer and the Agent in connection with the
      Private Placement;

	 	 	 
		(d) 	
      “Agent” means Bolder Investment Partners,
    Ltd.;

	 	 	 
		(e) 	
      “Aggregate Subscription Price” means the aggregate
      dollar amount of the subscription under this Agreement as set out on the
      face page hereof;

	 	 	 
		(f) 	
      “Agreement” means this subscription agreement to
      be entered into between the Issuer and the Subscriber for the purchase of
      Units and includes all schedules and appendices attached hereto, in each
      case as they may be amended or supplemented from time to time;

	 	 	 
		(g) 	
      “AMF” means Autorité des Marchés
  Financiers;

	 	 	 
		(h) 	
      “Business Day” means a day other than a Saturday,
      Sunday or any other day on which the principal chartered banks located in
      Toronto, Ontario are not open for business;

	 	 	 
		(i) 	
      “Closing” means the closing of the Private
      Placement, on the Closing Date, pursuant to which the Units are issued to
      the Subscribers in accordance with the terms and conditions of this
      Agreement;

	 	 	 
		(j) 	
      “Closing Date” means the date of completion of the
      sale of the Units under the Private Placement as may be determined by the
      Agent and the Issuer;

	 	 	 
		(k) 	
      “Commissions” means, collectively, the provincial
      securities commission or other regulatory authority in each of the
      Jurisdictions;

	 	 	 
		(l) 	
      “Common Shares” means the previously unissued
      common shares in the capital of the Issuer, as presently constituted being
      offered by the Issuer pursuant to the Private Placement;

	 	 	 
		(m) 	
      “Compensation Options” has the meaning ascribed to
      that term in Section 5.1(x);

	 	 	 
		(n) 	
      “Disclosed Principal” has the meaning ascribed in
      subsection 5.1(c)(ii);

	 	 	 
		(o) 	
      “Disclosure Record” means the financial
      statements, management discussion and analysis, certifications, circulars,
      reports, forms, press releases and other documents filed by the Issuer on
      the System for Electronic Data Analysis and Retrieval (SEDAR) since
      December 31, 2006;

	 	 	 
		(p) 	
      “Exemptions” means the exemptions from the
      prospectus requirements outlined at sections 2.3 and 2.10 of National
      Instrument 45-106;

	 	 	 
		(q) 	
      “Insider” has the meaning ascribed in s.1(1) of
      the Ontario Act;

	 	 	 
		(r) 	
      “International Jurisdiction” means a jurisdiction
      other than and outside Canada and the United States;

	 	 	 
		(s) 	
      “Issue Price” means $0.40 per
  Unit;

– 5 –

	 	(t) 	
      “Issuer” means IntelGenx Technologies
  Corp.;

	 	 	 
	 	(u) 	
      “Jurisdictions” means the provinces of British
      Columbia, Alberta and Ontario and such other Canadian provinces as agreed
      upon by the Company and the Agent where Subscribers are
resident;

	 	 	 
	 	(v) 	
      “National Instrument 45-102” means National
      Instrument 45-102 – Resale of Securities published by the Canadian
      Securities Administrators;

	 	 	 
	 	(w) 	
      “National Instrument 45-106” means National
      Instrument 45-106 – Prospectus and Registration Exemptions
      published by the Canadian Securities Administrators;

	 	 	 
	 	(x) 	
      “Ontario Act” means the Securities Act
      (Ontario), the regulations and rules made thereunder and all published
      policy statements, blanket orders, notices, directions and rulings issued
      or adopted by the Ontario Securities Commission, all as amended;

	 	 	 
	 	(y) 	
      “Parties” or “Party” means the Subscriber,
      the Issuer or both, as the context requires;

	 	 	 
	 	(z) 	
      “Personal Information” has the meaning ascribed in
      section 10.5;

	 	 	 
	 	(aa) 	
      “Private Placement” means the offering of up to
      6,250,000 Units by the Issuer on the terms set out in this
    Agreement;

	 	 	 
	 	(bb) 	
      “Registration Rights Agreement” means the
      Registration Rights Agreement attached hereto as Appendix V;

	 	 	 
	 	(cc) 	
      “Registration Statement” means an S-1 registration
      statement filed with the SEC in accordance with the 1933 Act qualifying
      the Common Shares, the Warrants and the Warrant Shares issuable on the
      exercise of the Warrants and the Compensation Options;

	 	 	 
	 	(dd) 	
      “Regulation S” means Regulation S promulgated
      under the 1933 Act;

	 	 	 
	 	(ee) 	
      “Regulatory Authorities” means the Commissions and
      the TSX-V and the securities regulatory authorities in an International
      Jurisdiction;

	 	 	 
	 	(ff) 	
      “Rule 144” means Rule 144 promulgated under the
      1933 Act;

	 	 	 
	 	(gg) 	
      “Rule 144A” means Rule 144A promulgated under the
      1933 Act;

	 	 	 
	 	(hh) 	
      “SEC” means the United States Securities and
      Exchange Commission;

	 	 	 
	 	(ii) 	
      “Securities” means the Units, the Common Shares,
      the Warrants and the Warrant Shares;

	 	 	 
	 	(jj) 	
      “Securities Laws” means, as applicable, the
      securities legislation and securities laws of each Jurisdiction and the
      regulations and rules made thereunder and all published policy statements,
      blanket orders, notices, directions and rulings issued or adopted by the
      Commissions, collectively, and the rules of the TSX-V;

	 	 	 
	 	(kk) 	
      “Subscriber” means the subscriber for the Units as
      set out on the face page of this Agreement and includes, as applicable,
      each Disclosed Principal for whom it is acting;

	 	 	 
	 	(ll) 	
      “Subscription Proceeds” means the gross proceeds
      from the sale of Units under the Private Placement;

	 	 	 
	 	(mm) 	
      “TSX-V” means TSX Venture
  Exchange;

– 6 –

	 	(nn) 	
      “Unit” means one Common Share and one
    Warrant;

	 	 	 
	 	(oo) 	
      “United States” means the United States of
      America, its territories or possessions, any State of the United States
      and the District of Columbia;

	 	 	 
	 	(pp) 	
      “U.S. Person” has the meaning given to the term
      “U.S. person” in Rule 902(k) of Regulation S. Without limiting the
      foregoing, but for greater clarity in this Agreement, a U.S. Person
      includes, subject to the exclusions set forth in Regulation S, (i) any
      natural person resident in the United States, (ii) any partnership or
      corporation organized or incorporated under the laws of the United States,
      (iii) any estate or trust of which any executor, administrator or trustee
      is a U.S. Person, (iv) any discretionary account or similar account (other
      than an estate or trust) held by a dealer or other fiduciary organized,
      incorporated, or (if an individual) resident in the United States, (v) any
      non- discretionary account or similar account (other than an estate or
      trust) held by a dealer or fiduciary for the benefit or account of U.S.
      Person, and (vi) any partnership or corporation organized or incorporated
      under the laws of any non-U.S. jurisdiction which is formed by a U.S.
      Person principally for the purpose of investing in securities not
      registered under the 1933 Act, unless it is organized or incorporated, and
      owned, by U.S. accredited investors who are not natural persons, estates
      or trusts;

	 	 	 
	 	(qq) 	
      “Warrant” means a non-transferable common share
      purchase warrant which will be exercisable, for a period of 36 months from
      the date of issue, to acquire one Warrant Share at a price of $0.50;
      and

	 	 	 
	 	(rr) 	
      “Warrant Share” means a previously unissued common
      share in the capital of the Issuer, as presently constituted, issuable on
      exercise of a Warrant.

1.2          
Time is of the essence of this Agreement and will be calculated in
accordance with the provisions of the Interpretation Act (Ontario).

1.3          
This Agreement is to be read with all changes in gender or number as
required by the context.

1.4          
The headings in this Agreement are for convenience of reference only and do
not affect the interpretation of this Agreement.

1.5          
Unless otherwise indicated, all dollar amounts referred to in this
Agreement, including the symbol “$”, are in lawful currency of Canada.

1.6          
Words importing the singular number only shall include the plural and
vice versa, words importing the masculine gender shall include the
feminine gender and words importing persons shall include firms and corporations
and vice versa.

1.7          
This Agreement, any amendment, addendum or supplement hereto, and all other
documents relating hereto shall be governed by and construed in accordance with
the internal laws of the Province of Ontario, and the federal laws of Canada
applicable therein, governing contracts made and to be performed wholly therein,
and without reference to its principles governing the choice or conflict of
laws. The parties hereto irrevocably attorn and submit to the exclusive
jurisdiction of the courts of the Province of Ontario with respect to any
dispute related to or arising from this Agreement.

2.           
 SUBSCRIPTION

2.1          
The Units being subscribed for hereunder form part of a larger offering of
up to 6,250,000 Units at a purchase price of $0.40 per Unit, for gross aggregate
proceeds of up to $2,500,000. The Units are being offered for sale on a best
efforts agency basis by the Agent, acting as agent, pursuant to the terms of the
Agency Agreement. The Subscriber understands that the Units subscribed for will
be purchased from the Issuer by the Subscriber and not from the Agent.

– 7 –

2.2          
The completion of the Private Placement is not subject to the completion of
any minimum aggregate offering or any closing condition other than as set forth
herein and in the Agency Agreement.

2.3          
Subject to section 7 of this Agreement, the Subscriber hereby confirms its
irrevocable subscription for the Units from the Issuer, on and subject to the
terms and conditions set out in this Agreement, for the Aggregate Subscription
Price which is payable as described herein. The Subscriber acknowledges (on its
own behalf and, including if applicable, on behalf of each Disclosed Principal)
that upon acceptance by the Issuer of this Agreement, this Agreement will
constitute a binding obligation of the Subscriber (including if applicable, each
Disclosed Principal) subject to the terms and conditions contained herein.

2.4          
The Issuer may, in its absolute discretion, accept or reject the
Subscriber’s subscription for Units as set forth in this Agreement, in whole or
in part, and the Issuer reserves the right to allot to the Subscriber less than
the amount of Units subscribed for under this Agreement. If this subscription is
rejected in whole, any cheques or other forms of payment delivered to the Agent
representing the Aggregate Subscription Price will be promptly returned to the
Subscriber without interest or deduction. If this subscription is accepted only
in part, a cheque representing any refund of the Aggregate Subscription Price
for that portion of the subscription for the Units which is not accepted, will
be promptly delivered to the Subscriber without interest or deduction. The
Subscriber acknowledges and agrees that the acceptance of this Agreement will be
conditional upon, among other things, the sale of the Units to the Subscriber
being exempt from any prospectus and offering memorandum requirements of
applicable Securities Laws and the equivalent provisions of securities laws of
any other applicable jurisdiction and, to the extent possible, the Subscriber
agrees to furnish the Issuer with all information that is reasonably necessary
to confirm same.

2.5          
The Agent is hereby authorized, on behalf of the Subscriber (and, if
applicable on behalf of others for whom it is contracting hereunder), to deliver
this Agreement and any other documents required to be delivered in connection
herewith to the Issuer on or before the Closing and to pay to the Issuer, on
behalf of the Subscriber, an amount equal to the subscription price for the
Units subscribed for hereunder (net of the applicable cash commission and other
amounts payable to the Agent in accordance with the Agency Agreement).

2.6          
The Private Placement is not, and under no circumstance is to be
construed as, a public offering of the Securities. The Private Placement is not
being made, and this subscription does not constitute an offer to sell or the
solicitation of an offer to buy the Securities in any jurisdiction where, or to
any person whom, it is unlawful to make such an offer or solicitation.

2.7          
The issue of the Units will not restrict or prevent the Issuer from
obtaining any other financing or from issuing additional securities or
rights.

2.8          
The Issuer will use its commercially reasonable best efforts to, on or prior
to the date which is 30 days following the Closing Date, file the Registration
Statement with the SEC and to have the Registration Statement declared effective
by the SEC as soon as practicable and in any event, not later than 120 days
following the Closing Date.

3.            
THE WARRANTS

3.1          
Each Warrant will entitle the holder, on exercise, to purchase one Warrant
Share at a price of $0.50 for a period of 36 months following the Closing Date.
The Warrants will be non-transferable.

3.2          
The certificates representing the Warrants will, among other things, include
provisions for the appropriate adjustment in the class, number and price of the
Warrant Shares issued on exercise of the Warrants upon the occurrence of certain
events, including any subdivision, consolidation or reclassification of the
Issuer’s common shares, the payment of stock dividends and the amalgamation of
the Issuer.

3.3          
The issue of the Warrants will not restrict or prevent the Issuer from
obtaining any other financing, or from issuing additional securities or rights,
during the period within which the Warrants may be exercised.

– 8 –

4.            
POWER OF ATTORNEY

4.1          
The Subscriber irrevocably authorizes the Agent in its discretion, to act as
the Subscriber’s representative at Closing, and hereby appoints the Agent, with
full power of substitution, as its true and lawful attorney with the full power
and authority to act for and in the name of the Subscriber, to execute and
deliver such documents, instruments or agreements and do all acts necessary to
effect the following:

	 	(a) 	
      if delivered, to receive certificates representing the
      Units, to execute in the Subscriber’s name and on its behalf all closing
      receipts and required documents, if any, to complete and correct any
      manifest errors or omissions in any form or document provided by the
      Subscriber, including this Agreement and the appendices and schedules
      hereto, in connection with the subscription for the Units and to exercise
      any rights of termination contained in the Agency Agreement;

	 	 	 
	 	(b) 	
      to negotiate and settle any documents related to the
      Private Placement including any opinions, certificates or other documents
      addressed to the Subscriber;

	 	 	 
	 	(c) 	
      to extend or shorten any time periods and to modify or
      waive, in whole or in part, any representations, warranties, covenants or
      conditions for the Subscriber’s benefit contained in this Agreement and
      the Agency Agreement or any ancillary or related document, provided that
      such extensions, modifications, or waivers do not materially affect the
      Subscriber’s obligations or rights under this Agreement;

	 	 	 
	 	(d) 	
      to make payment for the Units purchased hereby on behalf
      of the Subscriber or any Disclosed Principal;

	 	 	 
	 	(e) 	
      to terminate this Agreement if any condition precedent is
      not satisfied, in such manner and on such terms and conditions as the
      Agent in its sole discretion may determine and the Agent shall have no
      liability to any Subscriber whatsoever in connection with any decision to
      waive any of such conditions or to extend the time for satisfaction of
      such conditions or any decision to exercise or not exercise or extend the
      right to terminate the Agency Agreement; and

	 	 	 
	 	(f) 	
      without limiting the generality of the foregoing, to
      negotiate, settle, execute, deliver and amend the Agency
  Agreement.

4.2          
The power of attorney is irrevocable, is coupled with an interest, and has
been given for valuable consideration, the receipt and adequacy of which is
acknowledged. The power of attorney and other rights and privileges granted
under this Section 4 will survive any legal or mental incapacity, dissolution,
bankruptcy or death of the Subscriber. The power of attorney extends to the
heirs, executors, administrators, other legal representatives and successors,
transferees and assigns of the Subscriber. Any person dealing with the Agent may
conclusively presume and rely upon the fact that any document, instrument or
agreement executed by the Agent pursuant to this power of attorney is authorised
and binding on the Subscriber, without further inquiry. The Subscriber agrees to
be bound by any representations or actions made or taken by the Agent pursuant
to this power of attorney, and waives any and all defences that may be available
to contest, negate or disaffirm any action of the Agent taken in good faith
under this power of attorney.

5.           
 REPRESENTATIONS, WARRANTIES, COVENANTS AND ACKNOWLEDGEMENTS OF THE
SUBSCRIBER

5.1          
The Subscriber (on its own behalf and, including if applicable, on
behalf of each Disclosed Principal) acknowledges, represents, warrants and
covenants to and with the Issuer and the Agent that, as at the date given above
and at the Closing Date:

	 	(a) 	
      no prospectus has been filed by the Issuer with any of
      the Commissions in connection with the issuance of the Units, such
      issuance is exempted from the prospectus requirements of applicable
      Securities Laws and that as a result:

– 9 –

	 		(i) 	
      the Subscriber is restricted from using most of the civil
      remedies available under applicable Securities Laws including statutory
      rights of rescission and certain statutory remedies against an issuer,
      underwriters, auditors and officers otherwise available to investors who
      acquire securities offered by a prospectus;

	 	 	 	 	 
	 		(ii) 	
      the Subscriber may not receive information that would
      otherwise be required to be provided to it under applicable Securities
      Laws and under applicable securities laws of the United States;
  and

	 	 	 	 	 
	 		(iii) 	
      the Issuer is relieved from certain obligations that
      would otherwise apply under applicable Securities Laws;

	 	 	 	 	 
	 	(b) 	
      the Subscriber certifies that it and, if applicable, each
      Disclosed Principal is resident and located in the jurisdiction set out
      under “Subscriber’s Residential or Head Office Address” on the first page
      of this Agreement, which address is the residence or principal place of
      business of the Subscriber, or Disclosed Principal, as the case may be,
      and such address was not obtained or used solely for the purpose of
      acquiring the Subscriber’s Units;

	 	 	 	 	 
	 	(c) 	
      the Subscriber is either:

	 	 	 	 	 
	 		(i) 	
      purchasing the Subscriber’s Units as principal for its
      own account and not for the benefit of any other person or is deemed under
      applicable Securities Laws to be purchasing the Subscriber’s Units as
      principal; or

	 	 	 	 	 
	 		(ii) 	
      purchasing the Subscriber’s Units as agent for beneficial
      principal(s) (each a “Disclosed Principal”), all of whom are
      disclosed on page 1 of this Agreement, and is not deemed under applicable
      Securities Laws to be purchasing the Subscriber’s Units as principal, and
      it is duly authorized to enter into this Agreement and to execute and
      deliver all documentation in connection with the purchase on behalf of
      each such Disclosed Principal, who is purchasing as principal for its own
      account and not for the benefit of any other person and the Subscriber in
      its capacity as agent is acting in compliance with all applicable
      securities and other laws; or

	 	 	 	 	 
	 		(iii) 	
      purchasing (if a resident of a Jurisdiction) for a
      principal or principals which is or are undisclosed or identified by
      account number only and is:

	 	 	 	 	 
	 			(A) 	
      a person acting on behalf of a fully managed account
      managed by that person, if that person is registered or authorized to
      carry on business as an adviser or the equivalent under the securities
      legislation of a jurisdiction of Canada or a foreign jurisdiction, and in
      Ontario, is purchasing a security that is not a security of an investment
      fund; or

	 	 	 	 	 
	 			(B) 	
      a trust corporation registered under the Trust and
      Loan Companies Act (Canada), or under comparable legislation in any
      other jurisdiction, and is purchasing the Subscriber’s Units as trustee or
      agent for one or more accounts that are fully managed by such trust
      corporation, which account or accounts are acquiring the Subscriber’s
      Units as principal;

	 	 	 	 	 
	 	(d) 	
      if the Subscriber or the Disclosed Principal is resident
      in Canada, the Subscriber or, if the Subscriber is purchasing on behalf of
      a Disclosed Principal, that Disclosed Principal:

	 	 	 	 	 
	 		(i) 	 is an Accredited Investor, by virtue of the
        fact that the Subscriber or such Disclosed Principal, as the case may
        be, falls within one or more of the sub-paragraphs of the definition of
        Accredited Investor set out in Appendix III (the Subscriber having checked
        the sub-paragraph(s) applicable to the Subscriber or such Disclosed Principal,
        as the case may be) and neither the Subscriber nor such Disclosed Principal
        has been created or is being used primarily to permit the purchase of
        the Units without a prospectus; or

– 10 –

	 	 	 	 
	 		(ii) 	 is purchasing sufficient Units so that the aggregate
        acquisition cost of the Subscriber’s Units is not less than $150,000
        and the Subscriber or such Disclosed Principal, as the case may be, is
        not a corporation, syndicate, partnership or other form of incorporated
        or non-incorporated entity or organization created solely to permit the
        purchase of the Subscriber’s Units without a prospectus by a group
        of individuals whose individual share of the aggregate acquisition cost
        of the Subscriber’s Units is less than $150,000;

	 	 	 	 
	 	(e) 	 the Subscriber is aware that the Securities
        have not been registered under the 1933 Act, or any state securities laws
        of the United States and that the Securities may not be offered or sold
        in the United States or to, or for the account or benefit of, a U.S. Person
        or person in the United States without registration under the 1933 Act
        and any applicable state securities laws or compliance with requirements
        of an exemption from such registration requirements;

	 	 	 	 
	 	(f) 	 the Subscriber, and if applicable, each person
        for whose account or benefit it is purchasing the Units: (1) is not a
        U.S. Person; (2) is not purchasing the Units for the account or benefit
        of a U.S. Person or person in the United States; and (3) was not offered
        any of the Units in the United States, did not receive any materials relating
        to the offer of the Units in the United States, and did not execute or
        deliver the Subscription Agreement or any other materials relating to
        the purchase of the Units in the United States;

	 	 	 	 
	 	(g) 	 the Subscriber agrees not to engage in hedging
        transactions in the Securities unless in compliance with the 1933 Act,
        and agrees that the Issuer may refuse to register any transfer of the
        Securities not made pursuant to an effective registration statement under
        the 1933 Act or pursuant to an exemption from such registration requirements
        and in accordance with any applicable state securities laws;

	 	 	 	 
	 	(h) 	 the Subscriber is acquiring the Securities
        for investment only and not with a view to resale or distribution in violation
        of applicable securities laws and, in particular, it has no intention
        to distribute either directly or indirectly any of the Securities in the
        United States or, to, or for the account or benefit of, a U.S. Person
        or person in the United States; provided, however, that
        the Subscriber may sell or otherwise dispose of any of the Securities
        pursuant to registration thereof under the 1933 Act or pursuant to an
        exemption or exclusion from such registration requirements and in accordance
        with any applicable state securities laws;

	 	 	 	 
	 	(i) 	 the Subscriber has not acquired the Units
        as a result of, and will not itself engage in, any "directed selling efforts"
        (as defined in Regulation S under the 1933 Act) in the United States in
        respect of the Securities which would include any activities undertaken
        for the purpose of, or that could reasonably be expected to have the effect
        of, conditioning the market in the United States for the resale of any
        of such Securities;

	 	 	 	 
	 	(j) 	 the current structure of this transaction
        and all transactions and activities contemplated hereunder is not a scheme
        to avoid the registration requirements of the 1933 Act;

	 	 	 	 
	 	(k) 	 if the Subscriber is resident in an International
        Jurisdiction, the subscription for Units by the Subscriber hereunder is
        being made pursuant to exemptions under and in accordance with, and does
        not contravene any of the, applicable securities legislation in the such
        jurisdiction in which the Subscriber resides and the Subscriber has completed
        and delivered the International Investor Certificate attached as Appendix
        IV hereto;

	 	 	 	 
	 	(l) 	 the Subscriber and each Disclosed Principal,
        as the case may be, acknowledges that no Regulatory Authority or governmental
        agency regulatory body or similar authority has reviewed or passed upon
        the merits of an investment in the Units or the Common Shares and that
        any representation to the contrary is a criminal offence and, if made,
        may not be relied upon;

– 11 –

	 	 	 	 
	 	(m) 	 no person has made to the Subscriber or any
        Disclosed Principal, if applicable, any written or oral representations:

	 	 	 	 
	 		(i) 	 that any person will resell or repurchase any of the
        Units;

	 	 	 	 
	 		(ii) 	 that any person will refund the purchase price of any
        of the Units;

	 	 	 	 
	 		(iii) 	 as to the future price or value of any of the Units,
        or securities issuable on exercise of the Units or the Warrants, as the
        case may be; or

	 	 	 	 
	 		(iv) 	 that any of the Issuer’s securities will be listed
        and posted for trading on a stock exchange or that application has been
        made to list and post any of the Issuer’s securities for trading
        on a stock exchange, other than the Common Shares on the TSX-V;

	 	 	 	 
	 	(n) 	 the Subscriber or, the Disclosed Principal,
        as the case may be, will not become a “control person” (as defined
        in the Ontario Act) by virtue of the purchase of the Subscriber’s
        Units (assuming the exercise thereof into Common Shares), and does not
        intend to act in concert with any other person to form a control group
        of the Issuer;

	 	 	 	 
	 	(o) 	 this subscription has not been solicited in
        any other manner contrary to applicable Securities Laws and the Subscriber
        acknowledges that the Subscriber will not receive an offering memorandum
        or other disclosure document in respect of the Issuer or the Units;

	 	 	 	 
	 	(p) 	 neither the Subscriber nor any Disclosed Principal,
        if applicable, has knowledge of a “material fact” or “material
        change” (as those terms are defined in the Ontario Act) in the affairs
        of the Issuer that has not been generally disclosed to the public;

	 	 	 	 
	 	(q) 	 the Subscriber’s decision to tender this
        offer and purchase the Subscriber’s Units has not been made as a
        result of any verbal or written representation as to fact or otherwise
        made by or on behalf of the Issuer, the Agent or any other person and
        is based entirely upon this Agreement and currently available public information
        concerning the Issuer;

	 	 	 	 
	 	(r) 	 the Agent and/or its directors, officers,
        employees, agents and representatives assume no responsibility or liability
        of any nature whatsoever for the accuracy or adequacy of any publicly
        available information concerning the Issuer, or as to whether or not all
        information concerning the Issuer required to be disclosed by it has been
        generally disclosed;

	 	 	 	 
	 	(s) 	 the Agent has not, in connection with the
        Private Placement, engaged in or conducted any independent investigation
        with respect to the Issuer, or any information made, or required to be
        made, publicly available by the Issuer;

	 	 	 	 
	 	(t) 	 the Issuer will have the right to accept this
        subscription offer in whole or in part and the acceptance of this subscription
        offer will be conditional upon the sale of the Subscriber’s Units
        to the Subscriber or the Disclosed Principal, as the case may be, being
        exempt from the prospectus and registration requirements under applicable
        Securities Laws;

	 	 	 	 
	 	(u) 	 the Subscriber has the legal capacity and
        competence to enter into and execute this Agreement and to take all actions
        required pursuant hereto and, if an individual is of full age of majority
        in the jurisdiction in which the Subscriber is resident, if the Subscriber
        is a corporation it is duly incorporated and validly subsisting under
        the laws of its jurisdiction of incorporation, and if the Subscriber is
        not an individual, the Subscriber has all necessary authority and approvals
        by its directors, shareholders, partners, trustees or others to authorize
        the execution and delivery of this Agreement on behalf of the Subscriber;

– 12 –

	 	 	 
	 	(v) 	 the entering into of this Agreement and the completion
        of the transactions contemplated hereby will not result in the material
        default of violation of any of the terms and provisions of any law applicable
        to, or the constating documents, by-laws or resolutions of, the Subscriber
        or any Disclosed Principal, if applicable, or of any agreement, written
        or oral, to which the Subscriber or the Disclosed Principal, if applicable,
        may be a party or by which it is or may be bound;

	 	 	 
	 	(w) 	 the Subscriber has obtained all necessary consents and
        authorities to enable it to agree to subscribe for the Units and to perform
        its obligations under this Agreement and the Subscriber has otherwise
        observed all applicable laws, obtained any requisite governmental or other
        consents, complied with all requisite formalities and paid any issue,
        transfer or other taxes due in any territory in connection with its acceptance
        and the Subscriber has not taken any action which will or may result in
        the Issuer or the Agent acting in breach of any regulatory or legal requirements
        of any territory in connection with the Private Placement or the Subscriber’s
        subscription;

	 	 	 
	 	(x) 	 this Agreement, along with Appendix I, II, III or IV,
        as applicable, has been duly executed and delivered by the Subscriber
        and constitutes a legal, valid and binding obligation of the Subscriber
        enforceable against the Subscriber and, if applicable, the Disclosed Principal;

	 	 	 
	 	(y) 	 the Subscriber has been advised to consult its own legal
        advisors with respect to tax matters and the applicable hold periods imposed
        in respect of the Units by applicable securities legislation and regulatory
        policies and confirms that no representations by the Issuer or the Agent
        have been made, respecting tax matters or the hold periods applicable
        to the Units;

	 	 	 
	 	(z) 	 the Subscriber and, if applicable, each Disclosed Principal
        is aware of the risks and other characteristics of the Units, including
        the risk that the Subscriber may lose its entire investment, and of the
        fact that the Subscriber and, if applicable, each Disclosed Principal
        may not be able to resell the Units purchased by it except in accordance
        with the applicable securities legislation and regulatory policies and
        that the Units may be subject to resale restrictions and may bear a legend
        to this effect;

	 	 	 
	 	(aa) 	 the Subscriber understands that the Securities are “restricted
        securities” within the meaning of Rule 144 and may not be offered,
        sold, pledged or otherwise transferred, directly or indirectly, without
        prior registration under the 1933 Act and applicable state securities
        laws or an exemption from such registration requirements, and agrees that
        if it decides to offer, sell, pledge or otherwise transfer, directly or
        indirectly, any such Securities they may be offered, sold, pledged or
        otherwise transferred, directly or indirectly, only: (A) to the Issuer;
        (B) within the United States in accordance with (i) Rule 144A, if available,
        to a person who the seller reasonably believes is a Qualified Institutional
        Buyer that is purchasing for its own account or for the account of a Qualified
        Institutional Buyer to whom notice is given that the offer, sale, or transfer
        is being made in reliance on Rule 144A, or (ii) Rule 144, if applicable,
        and in each case, in compliance with any applicable state securities laws;
        (D) in a transaction that does not require registration under the 1933
        Act and in compliance with any applicable state securities laws; or (E)
        pursuant to an effective registration statement under the 1933 Act and
        in compliance with any applicable state securities laws, provided that
        with respect to sales or transfers under clauses (B)(ii) or (D), only
        if the holder has furnished to the Issuer an opinion of counsel of recognized
        standing, in form and substance reasonably satisfactory to the Issuer,
        prior to such sale or transfer;

	 	 	 
	 	(bb) 	 the Subscriber understands that the Securities will
        be subject to a "hold period" under Rule 144 under the 1933 Act and possibly
        other resale restrictions under applicable securities legislation and
        the policies of the SEC and may not be resold until the expiry of such
        hold period except in accordance with limited exemptions under applicable
        securities legislation and regulatory policies and that the Issuer may
        cause a legend to such effect to be placed on the certificates representing
        the Securities. Except as set forth herein, the Subscriber acknowledges
        that it is aware that until the expiry of all such hold periods and resale
        restrictions, (i) the Securities cannot be traded through the facilities
        of stock exchanges since the certificate is not freely transferable and
        consequently is not "good delivery" in settlement of transactions on such
        exchanges; and (ii) the exchanges would deem the selling security holder
        to be responsible for any loss incurred on a sale made by him in such
        Securities;

– 13 –

	 	 	 
	 	(cc) 	 the Subscriber acknowledges that the Warrants may not
        be exercised by or for the account or benefit of a U.S. Person or a person
        in the United States unless the Warrants and the Shares issuable upon
        exercise of the Warrants are registered under the 1933 Act and the securities
        laws of all applicable states or an exemption is available from the registration
        requirements of such laws, and the holder has furnished an opinion of
        counsel satisfactory to the Company to such effect;;

	 	 	 
	 	(dd) 	 the certificates representing the Common Shares and
        Warrants or the Warrant Shares issuable upon exercise of the Warrants,
        as the case may be, if issued prior to the Clearance Date for the Prospectus
        or if issued prior to the day which is four months and one day following
        the Closing Date will bear the following legends as required by National
        Instrument 45-102 and the TSX-V substantially in the following form and
        with the necessary information inserted:

	 	 	 
	 		 “UNLESS PERMITTED UNDER SECURITIES LEGISLATION,
        THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE THE DATE
        THAT IS 4 MONTHS AND A DAY AFTER [INSERT DISTRIBUTION DATE].”

	 	 	 
	 		 “WITHOUT PRIOR WRITTEN APPROVAL OF THE EXCHANGE
        AND COMPLIANCE WITH ALL APPLICABLE SECURITIES LEGISLATION, THE SECURITIES
        REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD, TRANSFERRED, HYPOTHECATED
        OR OTHERWISE TRADED ON OR THROUGH THE FACILITIES OF THE TSX VENTURE EXCHANGE
        OR OTHERWISE IN CANADA OR TO OR FOR THE BENEFIT OF A CANADIAN RESIDENT
        UNTIL [INSERT DATE].”

	 	 	 
	 	(ee) 	 it understands and acknowledges that upon the original
        issuance of the Securities, and until such time as it is no longer required
        under applicable requirements of the 1933 Act or applicable state securities
        laws, all certificates representing the Securities and all certificates
        issued in exchange therefor or in substitution thereof, shall bear a legend
        in substantially the following form:

	 	 	 
	 		 “THE SECURITIES REPRESENTED HEREBY HAVE NOT
        BEENREGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED
        (THE “1933 ACT”), OR UNDER ANY STATE SECURITIES LAWS. THE HOLDER
        HEREOF, BY PURCHASING THESE SECURITIES, AGREES FOR THE BENEFIT OF INTELGENX
        TECHNOLOGIES CORP. (THE “COMPANY”) THAT THESE SECURITIES MAY
        BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED, DIRECTLY OR INDIRECTLY,
        ONLY (A) TO THE COMPANY, (B) IN COMPLIANCE WITH (I) RULE 144A UNDER THE
        1933 ACT, IF APPLICABLE, TO A PERSON WHO THE SELLER REASONABLY BELIEVES
        IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A) THAT IS PURCHASING
        FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER
        TO WHOM NOTICE IS GIVEN THAT THE OFFER, SALE OR TRANSFER IS BEING MADE
        IN RELIANCE OF RULE 144A, OR (II) RULE 144 UNDER THE 1933 ACT, IF APPLICABLE,
        AND, IN EACH CASE, IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS,
        OR (D) IN A TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE 1933
        ACT AND ANY APPLICABLE STATE SECURITIES LAWS, AND, IN THE CASE OF (C)(II)
        AND (D), THE SELLER FURNISHES TO THE COMPANY AN OPINION OF COUNSEL OF
        RECOGNIZED STANDING IN FORM AND SUBSTANCE SATISFACTORY TO THE COMPANY
        TO SUCH EFFECT. DELIVERY OF THIS CERTIFICATE MAY NOT CONSTITUTE “GOOD
        DELIVERY” IN SETTLEMENT OF TRANSACTIONS ON STOCK EXCHANGES IN CANADA.
        HEDGING TRANSACTIONS INVOLVING THE SECURITIES ARE PROHIBITED EXCEPT IN
        COMPLIANCE WITH THE 1933 ACT.”

	 	 	 
	 		 provided, that, if any of the Securities are being sold
        pursuant to Rule 144 under the 1933 Act, the legend may be removed by
        delivery to the Issuer and the Issuer’s transfer agent of an opinion
        of counsel of recognized standing in form and substance reasonably satisfactory
        to the Issuer and the Issuer’s transfer agent, to the effect that
        the legend is no longer required under applicable requirements of the
        1933 Act or any applicable state securities laws;

– 14 –

	 	 	 
	 	(ff) 	 the Subscriber acknowledges and agrees that upon the
        original issuance of the Warrants, and until such time as it is no longer
        required under applicable requirements of the 1933 Act or applicable state
        securities laws, all certificates representing the Warrants and all certificates
        issued in exchange therefor or in substitution thereof, shall bear the
        following legend:

	 	 	 
	 		 “THIS WARRANT HAS NOT BEEN AND WILL NOT BE,
        AND THE SHARES ISSUABLE UPON EXERCISE HEREOF HAVE NOT BEEN, REGISTERED
        UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "1933
        ACT"), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. THIS
        WARRANT MAY NOT BE EXERCISED IN THE UNITED STATES OR BY OR FOR THE ACCOUNT
        OR BENEFIT OF A U.S. PERSON OR PERSON IN THE UNITED STATES AND THE UNDERLYING
        SHARES MAY NOT BE DELIVERED WITHIN THE UNITED STATES UNLESS THE WARRANT
        AND THE UNDERLYING SHARES HAVE BEEN REGISTERED UNDER THE 1933 ACT AND
        ANY APPLICABLE STATE SECURITIES LAWS OR UNLESS AN EXEMPTION FROM SUCH
        REGISTRATION REQUIREMENTS IS AVAILABLE, AND THE HOLDER HAS DELIVERED AN
        OPINION OF COUNSEL IN FORM AND SUBSTANCE REASONABLY SATISFACTORY TO THE
        CORPORATION TO SUCH EFFECT. "UNITED STATES" AND "U.S. PERSON" ARE USED
        HEREIN AS SUCH TERMS ARE DEFINED BY REGULATION S UNDER THE 1933 ACT.”

	 	 	 
	 	(gg) 	 if required by applicable securities legislation, policy
        or order or by any securities commission, stock exchange or other regulatory
        authority, the Subscriber and, if applicable, each Disclosed Principal
        will execute, deliver, file and otherwise assist the Issuer in filing,
        such reports, undertakings and other documents with respect to the issue
        of the Units as may be required;

	 	 	 
	 	(hh) 	 the funds which will be advanced by the Subscriber to
        the Issuer hereunder, as applicable, will not represent proceeds of crime
        for the purposes of the Proceeds of Crime (Money Laundering) and Terrorist
        Financing Act (Canada) (the “PCMLTFA”) and the Providing
        Appropriate Tools Required to Intercept and Obstruct Terrorism Act (the
        “PATRIOT Act”) and the Subscriber acknowledges that the
        Issuer may in the future be required by law to disclose the Subscriber’s
        name and other information relating to this Agreement and the Subscriber’s
        subscription hereunder, on a confidential basis, pursuant to the PCMLTFA
        and the PATRIOT Act. To the best of the Subscriber’s knowledge (a)
        none of the subscription funds to be provided by the Subscriber (i) have
        been or will be derived from or related to any activity that is deemed
        criminal under the laws of Canada, the United States of America or any
        other jurisdiction, or (ii) are being tendered on behalf of a person or
        entity who has not been identified to the Subscriber, and (b) the Subscriber
        shall promptly notify the Issuer if the Subscriber discovers that any
        of such representations ceases to be true, and to provide the Issuer with
        appropriate information in connection therewith;

	 	 	 
	 	(ii) 	 the Subscriber acknowledges that upon completion of
        the Private Placement, the Agent will receive a commission in cash from
        the Issuer equal to 8% of the gross proceeds from the sale of Units sold
        under the Private Placement to all subscribers. In addition, the Agent
        will receive that number of options (“Compensation Options”)
        as is equal to 8% of the number of Units sold in the Private Placement.
        Each Compensation Option will entitle the holder thereof to acquire one
        common share of the Issuer at an exercise price equal to $0.50 for a period
        of 24 months from the Closing Date;

	 	 	 
	 	(jj) 	 the Subscriber is not entitled to be paid any commission
        in relation to its participation in the Private Placement;

	 	 	 
	 	(kk) 	 other than the Agent, there is no person acting or purporting
        to act in connection with the transactions contemplated herein who is
        entitled to any brokerage or finder’s fee;

– 15 –

	 	(ll) 	
      the Subscriber and, if applicable, each Disclosed
      Principal has not purchased the Units as a result of any form of General
      Solicitation or General Advertising, including advertisements, articles,
      notices or other communication published in any newspaper, magazine or
      similar media or on the internet or broadcast over radio, television or
      internet or any seminar or meeting whose attendees have been invited by
      General Solicitation or General Advertising;

	 	 	 
	 	(mm) 	
      the Subscriber has not received or been provided with,
      nor has it requested, nor does it have any need to receive, any offering
      memorandum, any prospectus, any sales or advertising literature, or any
      other document describing or purporting to describe the business and
      affairs of the Issuer which has been prepared for delivery to, and review
      by, prospective purchasers in order to assist in making an investment
      decision in respect of the Units (other than the Disclosure
  Record);

	 	 	 
	 	(nn) 	
      the Subscriber or, if applicable, each Disclosed
      Principal has such knowledge in financial and business affairs as to be
      capable of evaluating the merits and risks of its investment and is able
      to bear the economic risk of the loss of its entire investment in the
      Units;

	 	 	 
	 	(oo) 	
      the Subscriber or, if applicable, each Disclosed
      Principal, if a corporation or other non-individual entity, has previously
      filed with the TSX-V a duly completed Form 4C, Corporate Placee
      Registration Form and has executed and delivered the Confirmation of
      Previously Filed Corporate Placee Registration Form attached hereto as
      Appendix II, and represents and warrants that there has been no change to
      any of the information in the Corporate Placee Registration Form
      previously filed with the TSX-V up to the date of this Agreement, or will
      deliver a completed Form 4C, Corporate Placee Registration Form in the
      form attached hereto as Appendix I to the Issuer in accordance with 8.2(d)
      of this Agreement;

	 	 	 
	 	(pp) 	
      it understands and agrees that the financial statements
      of the Issuer have been prepared in accordance with United States
      generally accepted accounting principles, which differ in some respects
      from Canada generally accepted accounting principles, and thus may not be
      comparable to financial statements of Canadian companies;

	 	 	 
	 	(qq) 	
      it acknowledges that the Issuer’s counsel and the Agent’s
      counsel are acting as counsel to the Issuer and the Agent, respectively,
      and not as counsel to the Subscriber;

	 	 	 
	 	(rr) 	
      the Subscriber agrees that the Issuer and the Agent may
      be required by law or otherwise to disclose to regulatory authorities the
      identity of the Subscriber and if applicable the beneficial purchaser for
      whom the Subscriber may be acting; and

	 	 	 
	 	(ss) 	
      the Subscriber agrees that the above representations,
      warranties, covenants and acknowledgements in this Agreement and the
      attached Appendices are and will be true and correct both as of the
      execution of this Agreement and as of the Closing.

5.2          
The foregoing representations, warranties, covenants and acknowledgements
are made by the Subscriber with the intent that they be relied upon by the
Issuer and the Agent and their respective counsel in determining its eligibility
as a purchaser of Units and the Subscriber hereby agrees to indemnify the Issuer
and the Agent and their respective affiliates, shareholders, directors,
officers, employees, agents (including counsel), advisors and shareholders
against all losses, claims, costs, expenses and damages or liabilities which any
of them may suffer or incur as a result of reliance thereon. The Subscriber
undertakes to notify the Issuer and the Agent immediately of any change in any
representation, warranty or other information relating to the Subscriber set
forth herein which takes place prior to the Closing.

5.3          
The Issuer will obtain and hold the right and benefit of this section 5 in
trust for and behalf of the Agent.

6.            
REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE ISSUER

6.1          
The Issuer represents and warrants to the Subscriber that, as of the date
hereof and at the Closing Date:

– 16 –

	 	(a) 	
      the Issuer, and each of its subsidiaries is a valid and
      subsisting corporation in good standing under the laws of its
      incorporation or continuation;

	 	 	 
	 	(b) 	
      the Issuer, and each of its subsidiaries is duly
      incorporated and licensed to carry on business in the jurisdictions in
      which it carries on business or owns property where required under the
      laws of that jurisdiction;

	 	 	 
	 	(c) 	
      the Issuer will reserve or set aside sufficient shares in
      its treasury to issue the Shares and the Warrant Shares and upon their
      issuance the Shares and the Warrant Shares will be duly and validly issued
      as fully paid and non-assessable;

	 	 	 
	 	(d) 	
      the Issuer is a “reporting issuer” in the provinces of
      British Columbia, Alberta, Manitoba, Ontario and Quebec and is not in
      default of any of the requirements of the Securities Laws and no order
      ceasing or suspending trading in securities of the Issuer nor prohibiting
      the sale of such securities has been issued to and is outstanding against
      the Issuer or any of its directors, officers or promoters or against any
      other companies that have common directors, officers or promoters and no
      investigations or proceedings for such purposes are pending or
      threatened;

	 	 	 
	 	(e) 	
      the authorized capital of the Issuer consists of
      100,000,000 common shares with a par value of U.S.$0.00001 and 20,000,000
      preferred shares with a par value of U.S.$0.00001, of which 33,081,271
      common shares and no preferred shares are issued and outstanding as at
      August 11, 2010.

	 	 	 
	 	(f) 	
      the Shares are listed for trading on the TSX-V and the
      Common Shares and Warrant Shares to be issued hereunder will, at the time
      of issue, be conditionally listed on the TSX-V;

	 	 	 
	 	(g) 	
      except as qualified by the Disclosure Record, the Issuer
      or its subsidiaries, if any, as the case may be, is the beneficial owner
      of the properties, business and assets or the interests in the properties
      or business or assets referred to in the Disclosure Record, all agreements
      by which the Issuer or any of its subsidiaries holds an interest in a
      property or business are in good standing according to their terms and the
      properties in which the Issuer or subsidiary holds an interest are in good
      standing under the applicable laws of the jurisdictions in which they are
      situated;

	 	 	 
	 	(h) 	
      the financial statements of the Issuer contained in the
      Disclosure Record have all been prepared in accordance with United States
      generally accepted accounting principles, accurately reflect the financial
      position and all material liabilities (accrued, absolute, contingent or
      otherwise) of the Issuer and its subsidiaries, if any, (on a consolidated
      basis) as of the date thereof, and no adverse material changes in the
      financial position of the Issuer or any of its subsidiaries, if any, has
      taken place since the latest date thereof;

	 	 	 
	 	(i) 	
      the Disclosure Record does not contain any material
      misrepresentations nor does it omit any material fact relating to the
      Issuer;

	 	 	 
	 	(j) 	
      the Issuer has complied and will comply fully in all
      material respects with the requirements of all applicable corporate laws
      and Securities Laws in relation to the issue and trading of its securities
      and in all matters relating to the Private Placement;

	 	 	 
	 	(k) 	
      except as publicly disclosed, there is not presently, and
      will not be prior to Closing, any material change, as defined in the
      Ontario Act, relating to the Issuer or change in any material fact, as
      defined in the Ontario Act, relating to any of the Units which has not
      been or will not be fully disclosed in accordance with the requirements of
      the Ontario Act;

	 	 	 
	 	(l) 	
      the issue and sale of the Units by the Issuer does not
      and will not conflict with, and does not and will not result in a breach
      of, any of the terms of the Issuer’s constating documents or any agreement
      or instrument to which the Issuer is a party or by which it is
    bound;

– 17 –

	 	(m) 	
      other than as disclosed in the Disclosure Record, neither
      the Issuer nor its subsidiaries is a party to any actions, suits or
      proceedings which could materially affect its respective business or
      financial condition, and to the best of the Issuer’s knowledge, no such
      actions, suits or proceedings are contemplated or have been
    threatened;

	 	 	 
	 	(n) 	
      there are no judgments against the Issuer or its
      subsidiaries which are unsatisfied, nor is the Issuer or its subsidiaries
      subject to any consent decrees or injunctions;

	 	 	 
	 	(o) 	
      this Agreement has been or will be by the Closing, duly
      authorized by all necessary corporate action on the part of the Issuer,
      and the Issuer has or will have by the Closing full corporate power and
      authority to undertake the Private Placement;

	 	 	 
	 	(p) 	
      the Issuer has filed all federal, provincial, local and
      foreign tax returns which are required to be filed, or have requested
      extensions thereof, and have paid all taxes required to be paid by them
      and any other assessment, fine or penalty levied against them, to the
      extent that any of the foregoing is due and payable, except for such
      assessments, fines and penalties which are currently being contested in
      good faith;

	 	 	 
	 	(q) 	
      the Issuer will use all reasonable efforts to file, as
      required, the Registration Statement within the time period set forth in
      the Registration Rights Agreement; and

	 	 	 
	 	(r) 	
      the representations and warranties of the Issuer set
      forth herein and in the Agency Agreement are and, at Closing will be, true
      and correct.

6.2          
By its acceptance of this offer, the Issuer confirms that the Subscriber
will have the benefit of all of the representations, warranties, covenants and
conditions provided to, or for the benefit of, the Agent under the Agency
Agreement as if such representations, warranties, covenants and conditions were
made directly to the Subscriber under this Agreement and the Issuer acknowledges
that the Subscriber has relied on the representations, warranties and covenants
contained in the Agency Agreement.

6.3          
The Issuer shall indemnify, defend and hold the Subscriber (which term
shall, for the purposes of this section, include the Subscriber or its
shareholders, managers, partners, directors, officers, members, employees,
direct or indirect investors, agents and affiliates and assignees and the
stockholders, partners, directors, members, managers, officers, employees,
direct or indirect investors and agents of such affiliates and assignees)
harmless against any and all liabilities, loss, cost or damage, together with
all reasonable costs and expenses related thereto (including reasonable legal
and accounting fees and expenses), arising from, relating to, or connected with
the untruth, inaccuracy or breach of any statement, representation, warranty or
covenant of the Issuer contained herein or in the Agency Agreement. The Issuer
undertakes to the Subscriber to notify the Agent immediately of any change in
any representation, warranty or other material information relating to the
Issuer set forth in this Agreement which takes place prior to the Closing
Date.

7.            
WITHDRAWAL OF SUBSCRIPTION

7.1          
The Subscriber reserves the right to withdraw this subscription and to
terminate its obligations hereunder at any time before the Closing only if the
Agent terminates its obligations with respect to the Private Placement under the
Agency Agreement and hereby appoints each Agent as its agent for the purpose of
notifying the Issuer of the withdrawal or termination of this subscription.

8.            
CLOSING

8.1          
The Closing will take place as contemplated in the Agency Agreement on such
date or dates to be determined by the Issuer and the Agent, provided however
that the Subscription Proceeds will be held in trust by the Agent pending the
Closing, and if the Closing does not occur on or before August 26, 2010 or such
later date as agreed to by the Issuer and the Agent, the Subscription Proceeds
will be returned to the Subscriber without interest or deduction unless other
arrangements have been made between the Agent and the Subscriber.

– 18 –

8.2          
The obligations of the parties hereunder are subject to all required
regulatory approvals being obtained. This Private Placement is conditional upon,
among other things, the Issuer obtaining conditional approval of the TSX-V.

             
   The Subscriber acknowledges and agrees that the
obligations of the Issuer hereunder are conditional on the accuracy of the
representations and warranties of the Subscriber contained in this Agreement as
of the date of this Agreement, and as of the Closing Date as if made at and as
of the Closing Date, and the fulfillment of the following additional conditions
as soon as possible and in any event not later than the Closing Date:

	 	(a) 	
      the Issuer having accepted this Agreement; 

	 	  	
       

		(b) 	
      payment by the Subscriber of the Aggregate Subscription
      Price by certified cheque, money order, bank draft or other acceptable
      means in Canadian dollars payable to the Agent through which the
      Subscriber has agreed to purchase the Units; 

	 	  	
       

		(c) 	
      the Subscriber having properly completed, signed and
      delivered this Agreement (with the applicable Appendices), to: 

	 	  	
       

	 	  	
      Bolder Investment Partners, Ltd. 

	 	  	
      800 – 1450 Creekside Drive 

	 	  	
      Vancouver, BC V6J 5B3 

	 	  	
       
	
       

	 	  	
      Attention: 
	
      Martin Burian, President 

	 	  	
      Fax: 
	
      (604) 714-2326 

	 	  	
       
	
       

		(d) 	
      the Subscriber having properly completed, signed and
      delivered, as applicable, Appendix I, II, III, and/or IV and any further
      documentation as required under applicable Securities Laws or any stock
      exchange or other regulatory authority and the Subscriber covenants and
      agrees to do so upon request by the Issuer; and 

	 	  	
       

		(e) 	
      the conditions of closing contained in the Agency
      Agreement being satisfied or waived by the relevant party.
  

9.            
RESALE RESTRICTIONS

9.1          
The Subscriber understands and acknowledges that the Common Shares, Warrants
and Warrant Shares will be subject to certain resale restrictions under
applicable Securities Laws, the 1933 Act and applicable state securities laws
and the TSX-V’s policies prior to the Clearance Date, the terms of which may be
endorsed on the certificates representing such Common Shares, Warrants and
Warrant Shares as a printed legend, and the Subscriber agrees to comply with
such resale restrictions. The Subscriber also acknowledges that it has been
advised to consult its own independent legal advisor with respect to the
applicable resale restrictions and the Subscriber or, if applicable, the
Disclosed Principal is solely responsible (and neither the Issuer nor the Agent
are responsible) for complying with such restrictions and the Issuer is not
responsible for ensuring compliance by the Subscriber or, if applicable, the
Disclosed Principal with the applicable resale restrictions.

10.            
USE OF PERSONAL INFORMATION

10.1          
  The Subscriber (on its own behalf and, if applicable, on behalf of any Disclosed
  Principal) acknowledges and consents to the fact the Issuer and the Agent are
  collecting the Subscriber’s (and any Disclosed Principal) personal information
  for the purpose of completing the Subscriber’s subscription. The Subscriber
  (on its own behalf and, if applicable, on behalf of any Disclosed Principal)
  acknowledges and consents to the Issuer and the Agent retaining the personal
  information for as long as permitted or required by applicable law or business
  practices. The Subscriber (on its own behalf and, if applicable, on behalf of
  any Disclosed Principal) further acknowledges and consents to the fact the Issuer
  or the Agent may be required by applicable securities laws, stock exchange rules,
  and Investment Industry Regulatory Organization of Canada rules to provide regulatory
  authorities any personal information provided by the Subscriber respecting itself
  (and any Disclosed Principal). The Subscriber represents and warrants that it
  has the authority to provide the consents and acknowledgements set out in this
  section on behalf of all Disclosed Principals.

– 19 –

10.2          
  The Subscriber and each Disclosed Principal, if applicable, hereby acknowledges
  and consents to: (i) the disclosure by the Subscriber and the Issuer of Personal
  Information (defined in section 10.5) concerning the Subscriber to the TSX-V
  and its affiliates, authorized agent, subsidiaries and divisions; and (ii) the
  collection, use and disclosure of Personal Information by the TSX-V for the
  following purposes (or as otherwise identified by the TSX-V, from time to time):

	 	(a) 	
      to conduct background checks;

	 	 	 
	 	(b) 	
      to verify the Personal Information that has been provided
      about the Subscriber;

	 	 	 
	 	(c) 	
      to consider the suitability of the Subscriber as a holder
      of securities of the Issuer;

	 	 	 
	 	(d) 	
      to consider the eligibility of the Issuer to continue to
      list on the TSX-V;

	 	 	 
	 	(e) 	
      to provide disclosure to market participants as to the
      security holdings of the Issuer’s shareholders, and their involvement with
      any other reporting issuers, issuers subject to a cease trade order or
      bankruptcy, and information respecting penalties, sanctions or personal
      bankruptcies, and possible conflicts of interest with the
Issuer;

	 	 	 
	 	(f) 	
      to detect and prevent fraud;

	 	 	 
	 	(g) 	
      to conduct enforcement proceedings; and

	 	 	 
	 	(h) 	
      to perform other investigations as required by and to
      ensure compliance with all applicable rules, policies, rulings and
      regulations of the TSX-V, securities legislation and other legal and
      regulatory requirements governing the conduct and protection of the public
      markets in Canada.

10.3          
The Subscriber also acknowledges that: (i) the TSX-V also collects
additional Personal Information from other sources, including securities
regulatory authorities in Canada or elsewhere, investigative law enforcement or
self-regulatory organizations to ensure that the purposes set forth above can be
accomplished; (ii) the Personal Information the TSX-V collects may also be
disclosed to the agencies and organizations referred to above or as otherwise
permitted or required by law, and they may use it in their own investigations
for the purposes described above; (iii) the Personal Information may be
disclosed on the TSX-V’s website or through printed materials published by or
pursuant to the direction of the TSX-V; and (iv) the TSX-V may from time to time
use third parties to process information and provide other administrative
services, and may share the information with such providers.

10.4          
If the Subscriber is resident in or otherwise subject to the securities laws
applicable in Ontario, the information provided by the Subscriber on the face
page of this Agreement identifying the name, address and telephone number of the
Subscriber, the number of Units being purchased hereunder and the total purchase
price as well as the Closing Date and the exemption that the Subscriber is
relying on in purchasing the Units will be disclosed to the Ontario Securities
Commission, and such information is being indirectly collected by the Ontario
Securities Commission under the authority granted to it under securities
legislation. This information is being collected for the purposes of the
administration and enforcement of the securities legislation of Ontario. Each
Subscriber (for certainty including each Disclosed Principal) hereby authorizes
the indirect collection of such information to the Ontario Securities
Commission. In the event the Subscriber has any questions with respect to the
indirect collection of such information by the Ontario Securities Commission,
the public official who can answer questions about the Ontario Securities
Commission’s indirect collection of Personal Information is the Administrative
Assistant to the Director of Corporate Finance, Ontario Securities Commission,
Suite 1903, Box 55, 20 Queen Street West, Toronto, Ontario, M5H 3S8, Telephone
416-593-8086.

– 20 –

10.5          
Herein, “Personal Information” means any information about the Subscriber
provided by the Subscriber in this Agreement and as required to be disclosed to
the Commissions or the TSX-V, whether pursuant to a form or a request made by a
Commission or the TSX-V, including the Corporate Placee Registration Form
attached hereto.

11.            
SURVIVAL OF REPRESENTATIONS, WARRANTIES AND COVENANTS

11.1          
The representations, warranties and covenants of the Issuer contained in
this Subscription Agreement shall survive the Closing and, notwithstanding such
Closing or any investigation made by or on behalf of the Subscriber with respect
thereto, shall continue in full force and effect for the benefit of the
Subscriber and the Agent for a period of two years following the Closing
Date.

11.2          
The representations, warranties and covenants of the Subscriber contained in
this Agreement or any certificate or document delivered pursuant to or in
connection with this Agreement shall survive the Closing and, notwithstanding
such Closing, any subsequent disposition by the Subscriber of any of the Units,
Common Shares, Warrants or Warrant Shares, or any investigation made by or on
behalf of the Issuer or the Agent with respect thereto, shall continue in full
force and effect for the benefit of the Issuer and the Agent for a period of two
years following the Closing Date.

12.            
MISCELLANEOUS

12.1          
Each of the Parties hereto upon the request of each of the other Parties
hereto, whether before or after the Closing Time, shall do, execute, acknowledge
and deliver or cause to be done, executed, acknowledged and delivered all such
further acts, deeds, documents, assignments, transfers, conveyances, powers of
attorney and assurances as may reasonably be necessary or desirable to complete
the transactions contemplated herein.

12.2          
Any notice, direction or other instrument required or permitted to be
given to any Party hereto shall be in writing and shall be sufficiently given if
delivered personally, or transmitted by facsimile tested prior to transmission
to such party, as follows:

	 	(a) 	in the case of the Issuer, to: 
	 	  	  	  
	 	  	         
               IntelGenx Technologies Corp.
  
	 	  	                  
      6425 Abrams 
	 	  	         
               Ville St. Laurent, Quebec 
	 	  	                   H4S
      1X9 
	 	  	  	  
	 	  	           
             Attention: 	Horst G. Zerbe 
	 	  	           
             Fax: 	(514) 331-0436 
	 	  	  	  
	 	  	with a courtesy copy to: 
	 	  	  	  
	 		                  
      Hodgson Russ LLP 
	 	  	         
               150 King Street West, Suite 2309 
	 	 	                  
      Toronto, Ontario 
	 	  	                   M5H
      1J9 
	 	  	  	  
	 	  	           
             Attention: 	Richard B. Raymer 
	 	  	           
             Fax: 	(416) 595-5021 

– 21 –

		(b) 	in the case of the Subscriber, at the
      address specified on the face page hereof, with a copy to the Agent at:
  
	 	  	  	  
	 	  	         
               Bolder Investment Partners, Ltd.
    
	 	  	         
               800 – 1450 Creekside Drive 
	 	  	         
               Vancouver, British Columbia 
	 	  	                  
      V6J 5B3 
	 	  	  	  
	 	  	           
             Attention: 	Martin Burian 
	 	  	           
             Fax: 	(604) 714-2326 

          Any
such notice, direction or other instrument, if delivered personally, shall be
deemed to have been given and received on the day on which it was delivered,
provided that if such day is not a Business Day then the notice, direction or
other instrument shall be deemed to have been given and received on the first
Business Day next following such day and if transmitted by fax, shall be deemed
to have been given and received on the day of its transmission, provided that if
such day is not a Business Day or if it is transmitted or received after the end
of normal business hours then the notice, direction or other instrument shall be
deemed to have been given and received on the first Business Day next following
the day of such transmission.

          Any
party hereto may change its address for service from time to time by notice
given to each of the other parties hereto in accordance with the foregoing
provisions.

12.3          
Time shall be of the essence of this Agreement and every part hereof.

12.4          
All costs and expenses (including, without limitation, the fees and
disbursements of legal counsel) incurred in connection with this Agreement and
the transactions herein contemplated shall be paid and borne by the party
incurring such costs and expenses.

12.5          
This Agreement shall be construed and enforced in accordance with, and the
rights of the parties shall be governed by, the laws of the Province of Ontario
and the laws of Canada applicable therein. Any and all disputes arising under
this Agreement, whether as to interpretation, performance or otherwise, shall be
subject to the non-exclusive jurisdiction of the courts of the Province of
Ontario and each of the parties hereto hereby irrevocably attorns to the
jurisdiction of the courts of such province.

12.6          
This Agreement, which includes any interest granted or right arising
under this Agreement, may not be assigned or transferred except with the prior
written consent of the other party hereto.

12.7          
Except as expressly provided in this Agreement and in the agreements,
instruments and other documents contemplated or provided for herein, this
Agreement contains the entire agreement between the Parties with respect to the
Units and there are no other terms, conditions, representations or warranties
whether expressed, implied, oral or written, by statute, by common law, by the
Issuer, by the Agent, or by anyone else.

12.8          
Subject to section 4, the parties may amend this Agreement only in
writing.

12.9          
This Agreement enures to the benefit of and is binding upon the Parties and,
as the case may be, their respective heirs, executors, administrators, permitted
assigns and successors.

12.10         A
Party will give all notices or other written communications to the other Party
concerning this Agreement by hand or by registered mail addressed to such other
Party’s respective address which is noted on the cover page of this
Agreement.

12.11         The
Parties hereby agree and confirm that they have requested that this Agreement,
as well as all notices and other documents contemplated hereby, be drawn up in
the English language only. Les parties aux présentes reconnaissent et confirment
qu’elles ont convenu que la présente convention ainsi que tous les avis et
documents, qui s’y rattachent soient rédigés en anglais.

– 22 –

12.12         This
Agreement may be executed in counterparts, each of which when delivered will be
deemed to be an original and all of which together will constitute one and the
same document and the Issuer or the Agent will be entitled to rely on delivery
by facsimile machine or other electronic means of an executed copy of this
subscription, and acceptance by the Issuer of such facsimile or other electronic
copy will be equally effective to create a valid and binding agreement between
the Subscriber and the Issuer as if the Issuer had accepted the subscription
originally executed by the Subscriber.

APPENDIX I

FORM 4C

CORPORATE PLACEE REGISTRATION FORM

This Form will remain on file with the Exchange and must be
completed if required under section 4(b) of Part II of Form 4B. The corporation,
trust, portfolio manager or other entity (the “Placee”) need only file it on one
time basis, and it will be referenced for all subsequent Private Placements in
which it participates. If any of the information provided in this Form changes,
the Placee must notify the Exchange prior to participating in further placements
with Exchange listed Issuers. If as a result of the Private Placement, the
Placee becomes an Insider of the Issuer, Insiders of the Placee are reminded
that they must file a Personal Information Form (2A) or, if applicable,
Declarations, with the Exchange.

Placee Information:

	 	1.1 	Name:
      _____________________________________________________________________________________
	 	 	 
	 	1.2 	Complete Address:
      ___________________________________________________________________________
	 	 	 
	 	1.3 	Jurisdiction of Incorporation or Creation:
      ___________________________________________________________

	(a) 	
      Is the Placee purchasing securities as a portfolio
      manager: (Yes/No)?

	 	 	 
		(b) 	
      Is the Placee carrying on business as a portfolio manager
      outside of Canada: 
(Yes/No)? __________

If the answer to 2(b) above was “Yes”, the undersigned
certifies that:

	 	1.4 	
      it is purchasing securities of an Issuer on behalf of
      managed accounts for which it is making the investment decision to
      purchase the securities and has full discretion to purchase or sell
      securities for such accounts without requiring the client’s express
      consent to a transaction;

	 	 	 
	 	1.5 	
      it carries on the business of managing the investment
      portfolios of clients through discretionary authority granted by those
      clients (a “portfolio manager” business) in 
____________________
      [jurisdiction], and it is permitted by law to carry on a portfolio manager
      business in that jurisdiction;

	 	 	 
	 	1.6 	
      it was not created solely or primarily for the purpose of
      purchasing securities of the Issuer;

	 	 	 
	 	1.7 	
      the total asset value of the investment portfolios it
      manages on behalf of clients is not less than $20,000,000; and

	 	 	 
	 	1.8 	
      it has no reasonable grounds to believe, that any of the
      directors, senior officers and other insiders of the Issuer, and the
      persons that carry on investor relations activities for the Issuer has a
      beneficial interest in any of the managed accounts for which it is
      purchasing.

If the answer to 2(a). above was “No”, please provide the names
and addresses of Control Persons of the Placee:

	Name * 	City 	Province or State 	Country 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

- 2 -

* If the Control Person is not an
individual, provide the name of the individual that makes the investment
decisions on behalf of the Control Person.

	5. 	
      Acknowledgement - Personal Information and Securities
      Laws

	 	
       
	
       

		
      (a) 
	
      “Personal Information” means any information about an
      identifiable individual, and includes information contained in sections 1,
      2 and 4, as applicable, of this Form.

	 	
       
	
       

		
      The undersigned hereby acknowledges and agrees that it
      has obtained the express written consent of each individual to:

	 	
       
	
       

			
      (i) 
	
      the disclosure of Personal Information by the undersigned
      to the Exchange (as defined in Appendix 6B) pursuant to this Form;
    and

	 	
       
	
       

			
      (ii) 
	
      the collection, use and disclosure of Personal
      Information by the Exchange for the purposes described in Appendix 6B or
      as otherwise identified by the Exchange, from time to time.

	 	
       
	
       

		
      (b) 
	
      The undersigned acknowledges that it is bound by the
      provisions of applicable Securities Law, including provisions concerning
      the filing of insider reports and reports of
  acquisitions.

Dated and certified (if applicable), acknowledged and agreed,
at ___________________________ on ___________________________

	 	 
	 	(Name of Purchaser - please print) 
	 	 
	 	 
	 	(Authorized Signature) 
	 	 
	 	 
	 	(Official Capacity - please print) 
	 	 
	 	 
	 	(Please print name of individual whose
      signature 
	 	appears above) 

THIS IS NOT A PUBLIC DOCUMENT

APPENDIX II

CONFIRMATION OF PREVIOUSLY FILED CORPORATE PLACEE
REGISTRATION FORM

	TO: 	INTELGENX TECHNOLOGIES CORP.
  

     In connection with the proposed
subscription for Units of IntelGenx Technologies Corp., the undersigned hereby
confirms that the undersigned has previously filed a Form 4C - Corporate Placee
Registration Form with the TSX Venture Exchange and that the information in such
Corporate Placee Registration Form is accurate and up-to-date as of the date
hereof.

Dated _______________________________, 2010.

	 	 
	 	(Name of Purchaser - please print) 
	 	 
	 	 
	 	(Authorized Signature) 
	 	 
	 	 
	 	(Official Capacity - please print) 
	 	 
	 	 
	 	(Please print name of individual whose
      signature 
	 	appears above) 

APPENDIX III

ACCREDITED INVESTOR CERTIFICATE

The Subscriber hereby represents, warrants and certifies to the
Issuer that the Subscriber is an “accredited investor”, as such term is defined
in National Instrument 45-106 – Prospectus and Registration Exemptions
(“NI 45-106”) and, as at the time the subscription is accepted by the
Issuer (“Closing”), the Subscriber will fall within one or more of the
following categories (Please check one or more, as applicable):

ACCREDITED INVESTOR STATUS

The undersigned represents and warrants
that it, he or she is [check each applicable item]:

	[    ]	
      a Canadian financial institution (as defined under NI
      45-106), or an authorized foreign bank listed in Schedule III of the
      Bank Act (Canada); 

	 	
       

	[    ]	
      the Business Development Bank of Canada incorporated
      under the Business Development Bank of Canada Act (Canada);
      

	 	
       

	[    ]	
      a subsidiary of any person referred to in paragraphs (a)
      or (b), if the person owns all of the voting securities of the subsidiary,
      except the voting securities required by law to be owned by directors of
      that subsidiary; 

	 	
       

	[    ]	
      a person registered under the securities legislation of a
      jurisdiction of Canada as an adviser or dealer, other than a person
      registered solely as a limited market dealer under one or both of the
      Securities Act (Ontario) or the Securities Act (Newfoundland
      and Labrador); 

	 	
       

	[    ]	
      an individual registered or formerly registered under the
      securities legislation of a jurisdiction of Canada, as a representative of
      a person referred to in paragraph (d); 

	 	
       

	[    ]	
      the Government of Canada or a jurisdiction of Canada, or
      any crown corporation, agency or wholly owned entity of the Government of
      Canada or a jurisdiction of Canada; 

	 	
       

	[    ]	
      a municipality, public board or commission in Canada and
      a metropolitan community, school board, the Comité de gestion de la taxe
      scolaire de l’île de Montréal or an intermunicipal management board in
      Québec; 

	 	
       

	[    ]	
      any national, federal, state, provincial, territorial or
      municipal government of or in any foreign jurisdiction, or any agency of
      that government; 

	 	
       

	[    ]	
      a pension fund that is regulated by either the Office of
      the Superintendent of Financial Institutions (Canada) or a pension
      commission or similar regulatory authority of a jurisdiction of Canada;
      

	 	
       

	[    ]	
      an individual who, either alone or with a spouse,
      beneficially owns, directly or indirectly, financial assets having an
      aggregate realizable value that before taxes, but net of any related
      liabilities, exceeds $1,000,000; 

	 	
       

	[    ]	
      an individual whose net income before taxes exceeded
      $200,000 in each of the two most recent calendar years or whose net income
      before taxes combined with that of a spouse exceeded $300,000 in each of
      the two most recent calendar years and who, in either case, reasonably
      expects to exceed that net income level in the current calendar year;
    

	 	
       

	[    ]	
      an individual who, either alone or with a spouse, has net
      assets of at least $5,000,000; 

- 2 -

	[    ]	
      a person, other than an individual or investment fund,
      that has net assets of at least $5,000,000 as shown on its most recently
      prepared financial statements; 

	 	
       
	
       

	[    ]	
      an investment fund that distributes or has distributed
      its securities only to: 

	 	
       
	
       

	 	
      (i) 
	
      a person that is or was an accredited investor at the
      time of the distribution, 

	 	
       
	
       

		
      (ii) 
	
      a person that acquires or acquired securities in the
      circumstances referred to in Sections 2.10 – Minimum Amount Investment and
      2.19 – Additional Investment in Investment Funds of NI 45 106, or;
  

	 	
       
	
       

		
      (iii) 
	
      a person described in paragraph (i) or (ii) that acquires
      or acquired securities under Section 2.18 – Investment Fund Reinvestments
      of NI 45 106; 

	 	
       
	
       

	[    ]	
      an investment fund that distributes or has distributed
      securities under a prospectus in a jurisdiction of Canada for which the
      regulator, or in Québec, the securities regulatory authority, has issued a
      receipt; 

	 	
       
	
       

	[    ]	
      a trust company or trust corporation registered or
      authorized to carry on business under the Trust and Loan
      Companies Act (Canada) or under comparable legislation in a
      jurisdiction of Canada or a foreign jurisdiction, acting on behalf of a
      fully managed account managed by the trust company or trust corporation,
      as the case may be; 

	 	
       
	
       

	[    ]	
      a person acting on behalf of a fully managed account
      managed by that person, if that person: 

	 	
       
	
       

		
      (i) 
	
      is registered or authorized to carry on business as an
      adviser or the equivalent under the securities legislation of a
      jurisdiction of Canada or a foreign jurisdiction, and 

	 	
       
	
       

	 	
      (ii) 
	
      in Ontario, is purchasing a security that is not a
      security of an investment fund; 

	 	
       
	
       

	[    ]	
      a registered charity under the Income Tax Act
      (Canada) that, in regard to the trade, has obtained advice from an
      eligibility adviser or an adviser registered under the securities
      legislation of the jurisdiction of the registered charity to give advice
      on the securities being traded; 

	 	
       
	
       

	[    ]	
      an entity organized in a foreign jurisdiction that is
      analogous to any of the entities referred to in paragraphs (a) through (d)
      or paragraph (i) in form and function; 

	 	
       
	
       

	[    ]	
      a person in respect of which all of the owners of
      interests, direct, indirect, or beneficial, except the voting securities
      required by law to be owned by directors, are persons that are Accredited
      Investors; 

	 	
       
	
       

	[    ]	
      an investment fund that is advised by a person registered
      as an adviser or a person that is exempt from registration as an adviser,
      or 

	 	
       
	
       

	[    ]	
      a person that is recognized or designated by the
      securities regulatory authority or, except in Ontario and Québec, the
      regulator as: 

	 	
       
	
       

	 	
      (i) 
	
      an accredited investor, or 

	 	
       
	
       

	 	
      (ii) 
	
      an exempt purchaser in Alberta or British Columbia.
    

The Subscriber acknowledges that the representations,
warranties and covenants contained in this Appendix are made by it with the
intent that they may be relied upon by the Issuer in determining its eligibility
or the eligibility of 

- 3 -

others on whose behalf it is contracting thereunder to purchase
Units. It agrees that by accepting Units it shall be representing and warranting
that the representations and warranties above are true as at the Closing with
the same force and effect as if they had been made by it at the Closing.

The Subscriber undertakes to notify the Issuer immediately of
any change in any representation, warranty or other information relating to the
Subscriber or any Disclosed Principal set forth herein which takes place prior
to the Closing.

IN WITNESS WHEREOF, the undersigned has executed this
Certificate as of the _______________ day of
_____________________________________ , 2010.

	If a Corporation, Partnership or Other Entity: 	 	If an Individual: 
	 	 	 
	 	 	 
	Name of Entity 	 	Signature 
	 	 	 
	 	 	 
	Type of Entity 	 	Print or Type Name 
	 	 	 
	 	 	 
	Signature of Person Signing 	 	  
	 	 	 
	 	 	 
	Print or Type Name and Title of Person Signing 	 	  

As used in this Accredited Investor Certificate, the following
term has the following meaning:

A “person” includes:

	 	(a) 	
      an individual,

	 	 	 
	 	(b) 	
      a corporation,

	 	 	 
	 	(c) 	
      a partnership, trust fund and an association, syndicate,
      organization or other organized group of persons, whether incorporated or
      not, and

	 	 	 
	 	(d) 	
      an individual or other person in that person’s capacity
      as a trustee, executor, administrator or personal or other legal
      representative.

APPENDIX IV

INTERNATIONAL INVESTOR CERTIFICATE

In connection with the purchase by the undersigned Subscriber
of the Units hereunder, the Subscriber and any Disclosed Principal for whom the
Subscriber is acting on behalf of, (collectively, the “Subscriber”)
hereby represents, warrants, covenants and certifies to the Issuer (and
acknowledges that the Issuer and its counsel are relying thereon) that:

	 	(a) 	
      the Subscriber is knowledgeable of, or has been
      independently advised as to, the applicable securities laws of the
      securities regulators having application in the jurisdiction in which the
      Subscriber is resident which would apply to the acquisition of the Units
      hereunder;

	 	 	 	 
	 	(b) 	
      the Subscriber is purchasing the Units pursuant to
      exemptions from prospectus or equivalent requirements under applicable
      securities laws or, if such is not applicable, the Subscriber is permitted
      to purchase the Units under the applicable securities laws of the
      securities regulators in the International Jurisdiction without the need
      to rely on any exemptions;

	 	 	 	 
	 	(c) 	
      the applicable securities laws of the authorities in the
      International Jurisdiction do not require the Issuer to make any filings
      or seek any approvals of any kind whatsoever from any securities regulator
      of any kind whatsoever in the International Jurisdiction in connection
      with the issue and sale or resale of the Units;

	 	 	 	 
	 	(d) 	
      the purchase of the Units by the Subscriber does not
      trigger:

	 	 	 	 
	 		(A) 	
      any obligation of the Corporation to prepare and file a
      prospectus, an offering memorandum or similar document, or any other
      report or notice with respect to such purchase in the International
      Jurisdiction;

	 	 	 	 
	 		(B) 	
      any continuous disclosure reporting obligation of the
      Issuer in the International Jurisdiction; or

	 	 	 	 
	 		(C) 	
      any registration or other obligation on the part of the
      Issuer or the Agent;

	 	 	 	 
	 	(e) 	
      the distribution of the Units to the Subscriber by the
      Issuer complies with the laws of the International Jurisdiction;
  and

	 	 	 	 
	 	(f) 	
      the Subscriber will, if requested by the Issuer or the
      Agent, deliver to the Issuer and the Agent a certificate or opinion of
      local counsel from the International Jurisdiction which will confirm the
      matters referred to in paragraphs (b), (c), (d) and (e) above to the
      satisfaction of the Issuer, acting reasonably.

The Subscriber acknowledges that the representations,
warranties and covenants contained in this Appendix IV are made by it with the
intent that they may be relied upon by the Issuer in determining its eligibility
or the eligibility of others on whose behalf it is contracting thereunder to
purchase Units. It agrees that by accepting Units it shall be representing and
warranting that the representations and warranties above are true as at the
Closing with the same force and effect as if they had been made by it at the
Closing.

- 2 -

The Subscriber undertakes to notify the Issuer immediately of
any change in any representation, warranty or other information relating to the
Subscriber or any Disclosed Principal set forth herein which takes place prior
to the Closing.

	If a Corporation, Partnership or Other Entity: 	 	If an Individual: 
	 	 	 
	 	 	 
	Name of Entity 	 	Signature 
	 	 	 
	 	 	 
	Type of Entity 	 	Print or Type Name 
	 	 	 
	 	 	 
	Signature of Person Signing 	 	  
	 	 	 
	 	 	 
	Print or Type Name and Title of Person Signing 	 	  

APPENDIX V

REGISTRATION RIGHTS AGREEMENT

     This Registration Rights
Agreement (this “Agreement”) is made and entered into as of the o day of
August, 2010 between IntelGenx Technologies Corp., a Delaware corporation (the
“Company”), and each of the several purchasers signatory hereto (each
such purchaser, a “Purchaser” and, collectively, the
“Purchasers”).

RECITALS

WHEREAS the Company proposes to issue to the Purchasers
Units (the “Units”), each Unit is comprised of one share of common stock
of the Company (the “Unit Shares”) and one common share purchase warrant
(the “Warrants”) entitling the Purchasers to subscribe for one share of
common stock of the Company (the “Warrant Shares”) pursuant to
subscription agreements as described in the Agency Agreement dated o, 2010 (the
“Agency Agreement”) between the Company and Bolder Investment Partners
Ltd. (the “Agents”);

     AND WHEREAS the Company
proposes to issue to the Agents compensation options (the “Compensation
Options”) entitling the Agents to acquire shares of common stock of the
Company (the “Compensation Option Shares”) pursuant to the Agency
Agreement;

     AND WHEREAS, pursuant to
the Agency Agreement, the Company has agreed to effect the registration of the
Unit Shares, Warrants, Warrant Shares, Compensation Options, and Compensation
Option Shares on the terms and subject to the conditions set forth and
herein;

     NOW THEREFORE, in
consideration of the foregoing premises and for other good and valuable
consideration, the parties hereby agree as follows:

1.           
 REGISTRATION RIGHTS.

1.1           Certain
Definitions. As used in this Agreement, the following terms shall have
the meanings set forth below:

	 	(a) 	
      “Closing” shall mean the closing of the initial
      sale of the Units and the issuance of the Compensation Options;

	 	 	 
	 	(b) 	
      “Commission” shall mean the United States
      Securities and Exchange Commission or any other federal agency at the time
      administering the Securities Act;

	 	 	 
	 	(c) 	
      “Common Shares” shall mean shares of common stock
      of the Company;

	 	 	 
	 	(d) 	
      “Exchange Act” shall mean the United States
      Securities Exchange Act of 1934, as amended;

	 	 	 
	 	(e) 	
      “Holder” shall mean any holder of Registrable
      Securities and any holder of Registrable Securities to whom the
      registration rights conferred by this Agreement have been transferred in
      compliance with Section 1.8 hereof;

	 	 	 
	 	(f) 	
      “Registrable Securities” shall mean (i) the Unit
      Shares, (ii) the Warrants, (iii) the Warrant Shares, (iv) the Compensation
      Options, (v) the Compensation Option Shares, and (vi) any Common Shares
      issued as a dividend or other distribution with respect to or in exchange
      for or in replacement of the securities referenced in (i) to (vi) above,
      provided, however, that Registrable Securities shall not include (a) any
      Unit Shares, Warrant Shares or Compensation Options sold to the public
      either pursuant to a registered public offering or Rule 144, or (b) any
      Common Unit Shares, Warrant Shares or Compensation Options held by a
      Holder that may immediately be sold under Rule
144(b)(1);

- 2 -

	 	(g) 	
      The terms “register,” “registered” and
      “registration” shall refer to a registration effected by preparing
      and filing the Registration Statement, and the declaration or ordering of
      the effectiveness of such registration statement;

	 	 	 
	 	(h) 	
      “Registration Expenses” shall mean all expenses
      incurred in effecting any registration pursuant to this Agreement,
      including, without limitation, all registration, qualification and filing
      fees, printing expenses, escrow fees, fees and disbursements of counsel
      for the Company, blue sky fees and expenses, fees and disbursements of
      counsel for the Holders (which shall not exceed in the aggregate US$5,000)
      and expenses of any regular or special audits incident to or required by
      any such registration, but shall not include Selling Expenses, and the
      compensation of regular employees of the Company, which shall be paid in
      any event by the Company;

	 	 	 
	 	(i) 	
      “Registration Statement” shall mean the
      registration statement filed by the Company pursuant to the Securities Act
      relating to the resale of the Registrable Securities by the Holders, and
      all amendments and supplements to such Registration Statement, including
      pre- and post-effective amendments;

	 	 	 
	 	(j) 	
      “Rule 144” shall mean Rule 144 as promulgated by
      the Commission under the Securities Act, as such Rule may be amended from
      time to time, or any similar successor rule that may be promulgated by the
      Commission;

	 	 	 
	 	(k) 	
      “Securities Act” shall mean the United States
      Securities Act of 1933, as amended;

	 	 	 
	 	(l) 	
      “Selling Expenses” shall mean all underwriting
      discounts, selling commissions and stock transfer taxes applicable to the
      sale of Registrable Securities;

	 	 	 
	 	(m) 	
      “Shell Issuer” means an issuer with no or nominal
      operations and either (i) no or nominal assets, (ii) assets consisting
      solely of cash and cash equivalents or (iii) assets consisting of any
      amount of cash and cash equivalents and nominal other assets;
and

	 	 	 
	 	(n) 	
      “Purchasers” shall mean the persons acquiring
      Registrable Securities in connection with subscription agreements in the
      form agreed upon by the Agents and the Company.

1.2          
Registration.

	 	(a) 	
      The Company covenants to prepare and file with the
      Commission, as promptly as practicable following the Closing and in any
      event within 30 days after the Closing, a Registration Statement for an
      offering to be made on a continuous shelf basis following the date of
      effectiveness covering the resale of the Registrable Securities by the
      Holders. The Registration Statement shall be on Form S-1, if available,
      under the Securities Act or another appropriate form selected by the
      Company permitting registration of the resale of the Registrable
      Securities by the Holders from time to time. The Company shall use its
      best efforts to cause the Registration Statement to become effective
      pursuant to the Securities Act within 120 days after the
Closing.

	 	 	 
	 	(b) 	
      The Registration Statement shall not be deemed to have
      become effective under the Securities Act unless it has been filed and has
      been declared effective under the Securities Act by the Commission and
      remains effective pursuant to the Securities Act with respect to the
      disposition of all Registrable Securities on a continuous shelf basis
      until all such Registrable Securities are sold or cease to be Registrable
      Securities.

1.3          
Expenses of Registration. The Company shall pay all Registration
Expenses whether or not such registration shall become effective.

- 3 -

1.4          
Registration Procedures. In the case of the registration effected by
the Company pursuant to this Agreement, the Company will keep each Holder
advised in writing as to the initiation of such registration and as to the
completion thereof. At its expense, the Company will use its best efforts
to:

	 	(a) 	
      keep such Registration Statement effective until all such
      Registrable Securities are sold pursuant to the Registration Statement or
      cease to be Registrable Securities; provided however, that unless prior
      thereto all such Registrable Securities are (i) sold pursuant to the
      Registration Statement or Rule 144, or (ii) reissued by the Company
      without restrictive legend and may immediately be sold under Rule 144
      without restrictions, such Registration Statement shall be kept effective
      for a period of at least five years; provided further, that if at any time
      after the Registration Statement is no longer required to be kept
      effective pursuant to the above provisions of this subparagraph and is no
      longer effective, but prior to the time that all the Unit Shares, Warrant
      Shares or Compensation Option Shares have been sold either pursuant to the
      prior effective Registration Statement or Rule 144, the Company ceases to
      be subject to the reporting obligations of sections 13 or 15(d) of the
      Exchange Act, ceases to be current in its filing obligations under
      sections 13 or 15(d) of the Exchange Act (except for Form 8-K reports), or
      becomes a Shell Issuer (a “Rule 144 Default Event”), the Company
      shall promptly file a Registration Statement covering such unsold Unit
      Shares, Warrant Shares and Option Compensation Shares and shall keep such
      Registration Statement effective until such time as all the Unit Shares,
      Warrant Shares or Compensation Option Shares have been sold pursuant to
      such Registration Statement or the Company again becomes subject to the
      reporting obligations of sections 13 or 15(d) of the Exchange Act, is
      current in its reporting obligations under sections 13 or 15(d) of the
      Exchange Act and, in the case of the Company becoming a Shell Issuer, the
      Company ceases to be a Shell Issuer, has filed “Form 10 information” with
      the SEC and one year has elapsed since the Company filed such “Form 10
      information”; upon occurrence of a Rule 144 Default Event, the Company
      shall be subject to the penalty provisions of Section 3 hereof for a
      filing default until such time as the Company files and brings effective a
      Registration Statement covering the unsold Units Shares, Warrant Shares
      and Compensation Option Shares or until such time as the Company is no
      longer required to keep such a Registration Statement effective pursuant
      to the above;

	 	 	 
	 	(b) 	
      prepare and file with the Commission such amendments and
      supplements to such Registration Statement and any prospectus used in
      connection with such registration statement as may be necessary to keep
      such Registration Statement effective and to comply with the provisions of
      the Securities Act with respect to the disposition of all Registrable
      Securities covered by such Registration Statement;

	 	 	 
	 	(c) 	
      notify each seller of Registrable Securities covered by
      such Registration Statement at any time when a prospectus relating thereto
      is required to be delivered under the Securities Act of the happening of
      any event as a result of which a prospectus, if applicable, included in
      such registration statement, as then in effect, (i) no longer meets the
      requirements of Section 10(a)(3) of the Securities Act, or (ii) includes
      an untrue statement of a material fact or omits to state a material fact
      required to be stated therein or necessary to make the statements therein
      not misleading or incomplete in the light of the circumstances then
      existing, and that offers and sales of Registrable Securities in reliance
      on any such prospectus included in the Registration Statement must cease.
      Within five (5) business days of such notice, the Company shall prepare
      and furnish to such seller a reasonable number of copies of a supplement
      to or an amendment of such prospectus as may be necessary so that, as
      thereafter delivered to the purchasers of such shares, such prospectus
      used shall meet the requirements of Section 10(a)(3) of the Securities
      Act, or not include an untrue statement of a material fact or omit to
      state a material fact required to be stated therein or necessary to make
      the statements therein not misleading or incomplete in the light of the
      circumstances then existing;

	 	 	 
	 	(d) 	
      cause all such Registrable Securities registered pursuant
      hereunder to be listed or quoted on each securities exchange or quotation
      service on which similar securities issued by the Company are then, or
      subsequently, listed;

- 4 -

	 	(e) 	
      use its best efforts to obtain all other approvals,
      consents, exemptions or authorizations from such governmental agencies or
      authorities as may be necessary to enable the Holders to consummate the
      disposition of the Registrable Securities;

	 	 	 
	 	(f) 	
      provide a transfer agent and registrar for all
      Registrable Securities registered pursuant to the Registration Statement
      and a CUSIP number for all such Registrable Securities, in each case not
      later than the effective date of such registration;

	 	 	 
	 	(g) 	
      otherwise comply with all applicable rules and
      regulations of the Commission;

	 	 	 
	 	(h) 	
      subject to compliance with the requirements of the
      Securities Act, cooperate with the Holders to facilitate the timely
      preparation and delivery of certificates not bearing any restrictive
      legends representing the Registrable Securities sold pursuant to the
      Registration Statement, and cause such Registrable Securities to be issued
      in such denominations and registered in such names in accordance with
      instructions of the Holders that are provided to the Company;

	 	 	 
	 	(i) 	
      in connection with any underwritten offering pursuant to
      a Registration Statement, the Company will enter into an underwriting
      agreement with an underwriter selected and retained by the Agents, and
      reasonably acceptable to the Company in its discretion, in form reasonably
      necessary to effect the offer and sale of such securities, provided such
      underwriting agreement contains reasonable and customary terms and
      provisions;

	 	 	 
	 	(j) 	
      furnish, on the date that such Registrable Securities are
      delivered to the underwriters for sale, if such securities are being sold
      through underwriters or, if such securities are not being sold through
      underwriters, on the date that the Registration Statement becomes
      effective, (i) an opinion, dated as of such date, of the counsel
      representing the Company for the purposes of such registration, in form
      and substance as is customarily given to underwriters in a underwritten
      public offering, (ii) a letter, dated as of such date, from the
      independent certified public accountants of the Company, in form and
      substance as is customarily given by the Company’s independent registered
      public accountants to underwriters in an underwritten public offering,
      addressed to the underwriters, if any, and if permitted by applicable
      accounting standards, to the Holders participating in such registration,
      and (iii) other documents and certificates as are customary for offerings
      of this type;

	 	 	 
	 	(k) 	
      use its best efforts to register and qualify the
      Registrable Securities under such other securities or blue sky laws of
      such jurisdictions as each Holder shall request, and do any and all other
      acts and things which may be necessary or advisable to enable such Holder
      to consummate the public sale or other disposition in such jurisdictions
      of the securities owned by such Holder; and

	 	 	 
	 	(l) 	
      take such other actions as shall be reasonably requested
      by the Agents to facilitate the registration and sale of the Registrable
      Securities.

1.5          
Indemnification.

	 	(a) 	 The Company will indemnify each Holder, each of its
        officers, directors and partners, legal counsel, and accountants and each
        person controlling such Holder within the meaning of Section 15 of the
        Securities Act, with respect to which registration has been effected pursuant
        to this Agreement, and each underwriter, if any, and each person who controls
        within the meaning of Section 15 of the Securities Act any such underwriter,
        against all expenses, claims, losses, damages, and liabilities (or actions,
        proceedings or settlements in respect thereof) arising out of or based
        on any untrue statement (or alleged untrue statement) of a material fact
        contained in the Registration Statement, or based on any omission (or
        alleged omission) to state therein a material fact required to be stated
        therein or necessary to make the statements therein not misleading, or
        any violation by the Company of the Securities Act or any rule or regulation
        thereunder applicable to the Company and relating to action required of
        the Company in connection with any such registration, and will reimburse
        each such Holder, each of its officers, directors, partners, legal counsel,
        and accountants and each person controlling such Holder, each such underwriter,
        and each person who controls any such underwriter, for any legal and any
        other expenses reasonably incurred in connection with investigating and
        defending or settling any such claim, loss, damage, liability or action,
        provided that the Company will not be liable in any such case to the extent
        that any such claim, loss, damage, liability or expense arises out of
        or is based on any untrue statement or omission based upon written information
        furnished to the Company by such Holder or underwriter. It is agreed that
        the indemnity agreement contained in this Section 1.5 shall not apply
        to amounts paid in settlement of any such loss, claim, damage, liability
        or action if such settlement is effected without the consent of the Company
        (which consent shall not be unreasonably withheld).

- 5 -

	 	 	 
	 	(b) 	 Each Holder will, if Registrable Securities held by
        such Holder are included in the securities as to which such registration
        is being effected, indemnify the Company, each of its directors, officers,
        partners, legal counsel, and accountants and each underwriter, if any,
        of the Company’s securities covered by such a registration statement,
        each person who controls the Company or such underwriter within the meaning
        of Section 15 of the Securities Act, each other such Holder, and each
        of their officers, directors, and partners, and each person controlling
        such Holder, against all claims, losses, damages and liabilities (or actions
        in respect thereof) arising out of or based on any untrue statement (or
        alleged untrue statement) of a material fact contained in the Registration
        Statement or any omission (or alleged omission) to state therein a material
        fact required to be stated therein or necessary to make the statements
        therein not misleading, and will reimburse the Company and such other
        Holders, directors, officers, partners, legal counsel, and accountants,
        persons, underwriters, or control persons for any legal or any other expenses
        reasonably incurred in connection with investigating or defending any
        such claim, loss, damage, liability or action, in each case to the extent,
        but only to the extent, that such untrue statement (or alleged untrue
        statement) or omission (or alleged omission) is made in the Registration
        Statement in reliance upon and in conformity with written information
        furnished to the Company by such Holder provided, however, that the obligations
        of such Holder hereunder shall not apply to amounts paid in settlement
        of any such claims, losses, damages or liabilities (or actions in respect
        thereof) if such settlement is effected without the consent of such Holder
        (which consent shall not be unreasonably withheld); and provided that
        in no event shall any indemnity under this Section 1.5 exceed the gross
        proceeds from the offering received by such Holder.

	 	 	 
	 	(c) 	 Each party entitled to indemnification under this Section
        1.5 (the “Indemnified Party”) shall give notice to the
        party required to provide indemnification (the “Indemnifying Party”)
        promptly after such Indemnified Party has actual knowledge of any claim
        as to which indemnity may be sought, and shall permit the Indemnifying
        Party to assume the defense of such claim or any litigation resulting
        therefrom, provided that counsel for the Indemnifying Party, who shall
        conduct the defense of such claim or any litigation resulting therefrom,
        shall be approved by the Indemnified Party (whose approval shall not be
        unreasonably withheld), and the Indemnified Party may participate in such
        defense at such party’s expense, and provided further that the failure
        of any Indemnified Party to give notice as provided herein shall not relieve
        the Indemnifying Party of its obligations under this Section 1.5, to the
        extent such failure is not materially prejudicial to such defense. No
        Indemnifying Party, in the defense of any such claim or litigation, shall,
        except with the consent of each Indemnified Party, consent to entry of
        any judgment or enter into any settlement that does not include as an
        unconditional term thereof the giving by the claimant or plaintiff to
        such Indemnified Party of a release from all liability in respect to such
        claim or litigation. Each Indemnified Party shall furnish such information
        regarding itself or the claim in question as an Indemnifying Party may
        reasonably request in writing and as shall be reasonably required in connection
        with the defense of such claim and litigation resulting therefrom.

	 	 	 
	 	(d) 	 If the indemnification provided for in this Section
        1.5 is held by a court of competent jurisdiction to be unavailable to
        an Indemnified Party with respect to any loss, liability, claim, damage
        or expense referred to therein, then the Indemnifying Party, in lieu of
        indemnifying such Indemnified Party hereunder, shall contribute to the
        amount paid or payable by such Indemnified Party as a result of such loss,
        liability, claim, damage or expense in such proportion as is appropriate
        to reflect the relative fault of the Indemnifying Party on the one hand
        and of the Indemnified Party on the other in connection with the statements
        or omissions that resulted in such loss, liability, claim, damage or expense
        as well as any other relevant equitable considerations. The relative fault
        of the Indemnifying Party and of the Indemnified Party shall be determined
        by reference to, among other things, whether the untrue or alleged untrue
        statement of a material fact or the omission to state a material fact
        relates to information supplied by the Indemnifying Party or by the Indemnified
        Party and the parties’ relative intent, knowledge, access to information
        and opportunity to correct or prevent such statement or omission.

- 6 -

	 	 	 
	 	(e) 	 The Indemnifying Party agrees to reimburse any Indemnified
        Party monthly upon receipt of invoice(s) therefor, for the time spent
        by the Indemnified Party’s personnel where they are required to testify,
        attend or otherwise respond to any claim at their normal per diem rates.

	 	 	 
	 	(f) 	 Notwithstanding the foregoing, to the extent that the
        provisions on indemnification and contribution contained in the underwriting
        agreement entered into in connection with the underwritten public offering
        are in conflict with the foregoing provisions, the provisions in the underwriting
        agreement shall control.

1.6           Information
by Holder. Each Holder shall furnish to the Company such information
regarding such Holder and the distribution proposed by such Holder as the
Company may reasonably request in writing and as shall be reasonably required in
connection with any registration, qualification or compliance referred to in
this Agreement.

1.7           Rule
144 Reporting. With a view to making available the benefits of certain
rules and regulations of the Commission that may permit the sale of the
Registrable Securities to the public without registration, the Company agrees
to:

	 	(a) 	
      file with the Commission in a timely manner all reports
      and other documents required of the Company under the Securities Act and
      the Exchange Act at any time it is subject to such reporting requirements;
      and

	 	 	 
	 	(b) 	
      so long as a Holder owns any Registrable Securities,
      furnish to the Holder forthwith upon written request a written statement
      by the Company as to its compliance with the reporting requirements of the
      Exchange Act, a copy of the most recent annual or quarterly report of the
      Company, and such other reports and documents so filed as a Holder may
      reasonably request in availing itself of any rule or regulation of the
      Commission allowing a Holder to sell any such securities without
      registration.

1.8          
Transfer or Assignment of Registration Rights. The registration rights
granted to a Holder by the Company under this Agreement may be transferred or
assigned by a Holder provided that the Company is given written notice at the
time of or within a reasonable time after said transfer or assignment, stating
the name and address of the transferee or assignee and identifying the
Registrable Securities being transferred or assigned. Such transferees (other
than transferees that acquire the Registrable Securities in a registered public
offering or pursuant to a sale under Rule 144) shall automatically be entitled
to receive the benefits of and be conclusively deemed to have agreed to be bound
by the terms and provisions of this Agreement as if it were a party hereto, and
shall be deemed to be Holders under this Agreement.

1.9           Delay
of Registration. No Holder shall have any right to take any action to
restrain, enjoin or otherwise delay any registration as the result of any
controversy that might arise with respect to the interpretation or
implementation of this Section 1.

1.10         Time
  is of Essence. The Company agrees that time is of the essence of each
  of the covenants contained herein and that, in the event of a dispute hereunder,
  this Agreement is to be interpreted and construed in a manner that will enable
  the Holders to sell their Registrable Securities as quickly as possible. Any
  delay on the part of the Company not expressly permitted under this Agreement,
  whether material or not, shall be deemed a material breach of this Agreement.

- 7 -

1.11         Remedies
  Upon Default or Delay. The Company acknowledges the breach of any part
  of this Agreement may cause irreparable harm to a Holder and that monetary damages
  alone may be inadequate. The Company therefore agrees that the Holder shall
  be entitled to injunctive relief or such other applicable remedy as a court
  of competent jurisdiction may provide. Nothing contained herein will be construed
  to limit a Holder’s right to any remedies at law, including recovery of
  damages for breach of any part of this Agreement.

2.            
COVENANTS OF THE COMPANY.

The Company hereby covenants and agrees, so long as any Holder
owns any Registrable Securities, as follows:

2.1           Maintain
Listing. The Company covenants that, once it has registered the
Registrable Securities under the Securities Act, it shall maintain the listing
or quotation of such securities on each stock exchange or quotation on which
such securities are, or subsequently become, listed.

3.            
SECTION 3. LIQUIDATED DAMAGES.

3.1           Filing
Default. If the Registration Statement is not filed on or prior to 30
days after Closing (the “Filing Deadline Date”), any such failure or
breach being referred to as a “Filing Default” and the date on which such event
occurs (the “Filing Default Date”), then in addition to any other rights
available to the Holders on such Filing Default Date, the Company shall pay to
each Holder an amount in cash, as partial liquidated damages and not as a
penalty, equal to 2% of the product of (i) the subscription price, and (ii) the
number of Unit Shares held by such Holder as of the Filing Default Date that are
Registrable Securities (which remedy shall not be exclusive of any other
remedies available under this Agreement).

3.2           Effectiveness
Default. If the Registration Statement is not declared effective by the
Commission or otherwise becomes effective on or prior to 120 days after Closing
(the “Effectiveness Deadline Date”) any such failure or breach being
referred to as a “Effectiveness Default” and the date on which such event
occurs, the “Effectiveness Default Date”, then in addition to any other
rights available to the Holders: (a) on such Effectiveness Default Date, the
Company shall pay to each Holder an amount in cash, as partial liquidated
damages and not as a penalty, equal to 1% of the product of (i) the subscription
price, and (ii) the number of Unit Shares held by such Holder as of the
Effectiveness Default Date that are Registrable Securities (such product, the
“Holder’s Subscription Amount”) (which remedy shall not be exclusive of
any other remedies available under this Agreement); and (a) on each 30 day
anniversary of each such Effectiveness Default Date thereof (if the applicable
default shall not have been cured by such date) until the applicable
Effectiveness Default is cured, the Company shall pay to each Holder an amount
in cash, as partial liquidated damages and not as a penalty, equal to 1% of the
Holder’s Subscription Amount.

3.3           Unauthorized
Suspension. If after its effective date the Registration Statement
ceases for any reason (including without limitation by reason of a stop order,
or the Company’s failure to update the Registration Statement), but excluding
the inability of any Holder to sell the Registrable Securities covered thereby
due to market conditions, to be effective and available to the Holders as to all
Registrable Securities to which it is required to cover at any time prior to the
expiration of the Effectiveness Period for more than an aggregate of 30 trading
days in any 12-month period (which need not be consecutive) (an “Unauthorized
Suspension”), the date which such 30 trading day period is exceeded, being
referred to as “Event Date”), then in addition to any other rights available to
the Holders: (x) on such Unauthorized Suspension, the Company shall pay to each
Holder an amount in cash, as partial liquidated damages and not as a penalty,
equal to 1% of the product of (A) the subscription price, and (B) the number of
Unit Shares held by such Holder as of the date of the Unauthorized Suspension
that are Registrable Securities which are not eligible to be sold in the market
by the Holder under Rule 144 (such product, the “Holder’s Amount”) (which
remedy shall not be exclusive of any other remedies available under this
Agreement); and (y) on each 30 day anniversary of each such Unauthorized
Suspension thereof (if the applicable default shall not have been cured by such
date) until the applicable Unauthorized Suspension is cured, the Company shall
pay to each Holder an amount in cash, as partial liquidated damages and not as a
penalty, equal to 1% of the Holder’s Amount.

- 8 -

3.4          
Failure to Pay. If the Company fails to pay any partial liquidated
damages pursuant to this Section 3 in full within seven days after the date
payable, the Company will pay interest thereon at the prime rate as published by
the Bank of Canada plus 2% calculated at the time of a failure to pay liquidated
damages to the Holder pursuant to this Section 3, accruing daily from the date
such partial liquidated damages are due until such amounts, plus all such
interest thereon, are paid in full. The partial liquidated damages pursuant to
the terms hereof shall apply on a pro-rata basis for any portion of a month
prior to the cure of a default set forth in this Section 3.

3.5           Maximum
Payable. Notwithstanding anything else in this Agreement, the
maximum payable by the Company to any Holder is a maximum of 10% of the Holder’s
Subscription Amount as liquidated damages under this Section 3.

4.            
MISCELLANEOUS.

4.1           Governing
Law. This Agreement shall be governed by and be construed in accordance
with the laws of the State of Delaware and the laws of the United States
applicable therein.

4.2           Third
Party Beneficiaries. Each Holder (other than the Agents) shall be a
beneficiary of this Agreement and entitled to all of the rights and benefits of
this Agreement as if such Holder was a party and signatory to this Agreement and
shall, for all purposes, be deemed a Holder under this Agreement. If the Company
shall so request, each Holder (other than the Agents) shall agree in writing to
be subject to all of the terms hereof.

4.3           Successors
and Assigns. Except as otherwise expressly provided herein, the
provisions hereof shall inure to the benefit of, and be binding upon, the
successors, assigns, heirs, executors and administrators of the parties
hereto.

4.4           Entire
Agreement; Amendment; Waiver. This Agreement (including the Exhibit
hereto) constitutes the full and entire understanding and agreement between the
parties with regard to the subjects hereof. Neither this Agreement nor any term
hereof may be amended, waived, discharged or terminated, except by a written
instrument signed by the Company and the holders of at least 50% of the
Registrable Securities (including, in all instances, the Agents) and any such
amendment, waiver, discharge or termination shall be binding on all the Holders,
but in no event shall the obligation of any Holder hereunder be materially
increased, except upon the written consent of such Holder. This Agreement may be
amended to add additional stockholders as parties hereto with the consent of the
Company and the Agents.

4.5           Notices,
etc. All notices and other communications required or permitted
hereunder shall be in writing and shall be mailed by first-class mail, postage
prepaid, sent by facsimile or delivered personally by hand or nationally
recognized courier addressed (a) if to a Holder, as indicated on the list of
Holders attached hereto as Exhibit “A”, or at such other address or facsimile
number as such holder or permitted assignee shall have furnished to the Company
in writing, or (b) if to the Company, at such address or facsimile number as the
Company shall have furnished to each Holder in writing. All such notices and
other written communications shall be effective on the date of mailing,
confirmed facsimile transfer or delivery.

4.6           Delays
or Omissions. No delay or omission to exercise any right, power or
remedy accruing to any Holder, upon any breach or default of the Company under
this Agreement shall impair any such right, power or remedy of such Holder nor
shall it be construed to be a waiver of any such breach or default, or an
acquiescence therein, or of or in any similar breach or default thereafter
occurring; nor shall any waiver of any single breach or default be deemed a
waiver of any other breach or default therefore or thereafter occurring. Any
waiver, permit, consent or approval of any kind or character on the part of any
Holder of any breach or default under this Agreement or any waiver on the part
of any Holder of any provisions or conditions of this Agreement must be made in
writing and shall be effective only to the extent specifically set forth in such
writing. All remedies, either under this Agreement or by law or otherwise
afforded to any Holder, shall be cumulative and not alternative.

4.7           Rights;
  Severability. Unless otherwise expressly provided herein, a Holder’s
  rights hereunder are several rights, not rights jointly held with any of the
  other Holders. In case any provision of the Agreement shall be invalid, illegal
  or unenforceable, the validity, legality and enforceability of the remaining
  provisions shall not in any way be affected or impaired thereby.

- 9 -

4.8           Information
  Confidential. Each Holder acknowledges that the information received
  by them pursuant hereto may be confidential and for its use only, and it will
  not use such confidential information in violation of the Exchange Act or reproduce,
  disclose or disseminate such information to any other person (other than its
  employees or agents having a need to know the contents of such information,
  and its attorneys), except in connection with the exercise of rights under this
  Agreement, unless the Company has made such information available to the public
  generally or such Holder is required to disclose such information by a governmental
  body.

4.9           Titles
and Subtitles. The titles of the paragraphs and subparagraphs of this
Agreement are for convenience of reference only and are not to be considered in
construing or interpreting this Agreement.

4.10        
Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be an original, but all of which together
shall constitute one instrument.

[The remainder of this page is intentionally left blank.]

- 10 -

     IN WITNESS WHEREOF, the parties
hereto have executed this Registration Rights Agreement effective as of the day
and year first above written.

	 	INTELGENX TECHNOLOGIES CORP.
    
	 	  	 
	 	  	 
	 	Per: 	 
	 		Authorized Signing
    Officer  

- 11 -

[SIGNATURE PAGE OF PURCHASERS]

	Name of Holder:
      ______________________________________________________________
	 
	Signature of Authorized Signatory of Holder:
      ________________________________________
	 
	Name of Authorized Signatory:
      ____________________________________________________
	 
	Title of Authorized Signatory:
      _____________________________________________________

[SIGNATURE PAGES CONTINUE]

- 12 -

SCHEDULE “A”

FORM OF SELLING SECURITYHOLDER NOTICE AND QUESTIONNAIRE.

     The undersigned beneficial owner
(the "Selling Securityholder") of Registrable Securities hereby gives notice to
the Company of its intention to sell or otherwise dispose of Registrable
Securities beneficially owned by it and listed below in Item 3 (unless otherwise
specified under such Item 3) pursuant to the Registration Statement. The
undersigned, by signing and returning this Notice and Questionnaire, understands
that it will be bound by the terms and conditions of this Notice and
Questionnaire and the Registration Rights Agreement. 

     Pursuant to the Registration
Rights Agreement, the undersigned has agreed to indemnify and hold harmless the
Company's directors and officers and each person, if any, who controls the
Company within the meaning of either Section 15 of the Securities Act or Section
20 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), from
and against certain losses arising in connection with statements concerning the
undersigned made in the Company's Registration Statement or the related
prospectus in reliance upon the information provided in this Notice and
Questionnaire. 

     If the Selling Securityholder
transfers all or any portion of the Registrable Securities listed in Item 3
below after the date on which such information is provided to the Company, the
Selling Securityholder agrees to notify the transferee(s) at the time of the
transfer of its rights and obligations under this Notice and Questionnaire and
the Registration Rights Agreement. 

[CONTINUED NEXT PAGE]

- 13 -

SELLING SECURITYHOLDER QUESTIONNAIRE

     Please respond to every item,
even if your response is "none." If you need more space for any response, please
attach additional sheets of paper. Please be sure to indicate your name and the
number of the item being responded to on each such additional sheet of paper,
and to sign each such additional sheet of paper before attaching it to this
Questionnaire. Please note that you may be asked to answer additional questions
depending on your responses to the following questions. 

COMPLETED QUESTIONNAIRES SHOULD BE RETURNED
TO
INTELGENX TECHNOLOGIES CORP.. ALONG WITH A SIGNED COPY OF THE
SIGNED 
REGISTRATION RIGHTS AGREEMENT AND COMPLETED SUBSCRIPTION
AGREEMENT.

     The undersigned hereby provides
the following information to the Company and represents and warrants that such
information is accurate and complete: 

	1. 	
      Your Identity and Background as the Beneficial Owner of
      the Registrable Securities.

	 	 	 	 
		(a) 	
      Your full legal name:

	 	 	 ____________________________________________________________________________________
	 	 	 	 
		(b) 	
      Your business address (including street address) (or
      residence if no business address), telephone number and facsimile
      number:

	 	 	 	 
			
      Address:
      _____________________________________________________________________________

	 	 	 	 
			
      Telephone
      No.:_________________________________________________________________________

	 	 	 	 
			
      Fax
      No.:_______________________________________________________________________________

	 	 	 	 
		(c) 	
      Are you a broker-dealer registered pursuant to Section 15
      of the Exchange Act?

	 	 	 	 
			[ ] 	
      Yes.

			[ ] 	
      No.

	 	 	 	 
		(d) 	
      If your response to Item 1(c) above is no, are you an
      "affiliate" of a broker-dealer registered pursuant to Section 15 of the
      Exchange Act?

	 	 	 	 
			[ ] 	
      Yes.

			[ ] 	
      No.

For the purposes of this Item 1(d), an "affiliate" of a
registered broker-dealer shall include any company that directly, or indirectly
through one or more intermediaries, controls, or is controlled by, or is under
common control with, such broker-dealer, and does not include any individuals
employed by such broker-dealer or its affiliates. 

	 	(e) 	
      Full legal name of person through which you hold the
      Registrable Securities—(i.e. name of your broker, if applicable, through
      which your Registered Securities are held):

	 	 	 
	 		
      Name of broker::
      __________________________________________________________________________

	 	 	 
	 		
      Contact
      person:___________________________________________________________________________

- 14 -

	 	Telephone No.:
      ____________________________________________________________________________________

	2. 	
      Your Relationship With IntelGenx Technologies
  Corp.

	 	 	 	 
		(a) 	
      Have you or any of your affiliates, officers, directors
      or principal equity holders (owners of 5% or more of the equity securities
      of the undersigned) held any position or office or have you had any other
      material relationship with IntelGenx Technologies Corp. (or their
      respective predecessors or affiliates) within the past three
  years?

	 	 	 	 
			[ ] 	
      Yes.

			[ ] 	
      No.

	 	 	 	 
		(b) 	
      If your response to Item 2(a) above is yes, please state
      the nature and duration of your relationship with IntelGenx Technologies
      Corp.:

	 	 	 __________________________________________________________________________________________________
	 	 	 
	 	 	 __________________________________________________________________________________________________
	 	 	 	 
	3. 	
      Your Interest in the Registrable Securities.

	 	 	 	 
		(a) 	
      State the number of such Registrable Securities
      beneficially owned by you.

	 	 	 ___________________________________________________________________________________________________
	 	 	 	 
		(b) 	
      Other than as set forth in your response to Item 3(a)
      above, do you beneficially own any other securities of IntelGenx
      Technologies Corp.?

	 	 	 	 
			[ ] 	
      Yes.

			[ ] 	
      No.

	 	 	 	 
		(c) 	
      If your answer to Item 3(b) above is yes, state the type,
      the aggregate amount and CUSIP No. (if applicable) of such other
      securities of IntelGenx Technologies Corp. beneficially owned by you:
    

	 	 	 	 Type:
      ________________________________________________________________________________________
	 	 	 	 Aggregate amount:
      ______________________________________________________________________________
	 	 	 	 CUSIP
      No.:_____________________________________________________________________________________
	 	 	 	 
		(d) 	
      Did you acquire the securities listed in Item 3(a) above
      in the ordinary course of business?

	 	 	 	 
			[ ] 	
      Yes.

			[ ] 	
      No.

	 	 	 	 
		(e) 	
      At the time of your purchase of the securities listed in
      Item 3(a) above, did you have any agreements or understandings, directly
      or indirectly, with any person to distribute the securities?

	 	 	 	 
			[ ] 	
      Yes.

			[ ] 	
      No.

	 	 	 	 
		(f) 	
      If your response to Item 3(e) above is yes, please
      describe such agreements or understandings:

	 	 	 	 
			[ ] 	
      Yes.

			[ ] 	
      No.

- 15 -

	4. 	Nature of Your Beneficial Ownership.
    
	  	  	  
		(a) 	If the name of the beneficial owner of the
      Registrable Securities set forth in your response to Item 1(a) above is
      that of a limited partnership, state the names of the general partners of
      such limited partnership: 
	  	  	______________________________________________________________________________________________
	  	  	______________________________________________________________________________________________
	  	  	______________________________________________________________________________________________
	  	  	  
		(b) 	With respect to each general partner listed in
      Item 4(a) above who is not a natural person, and is not publicly held,
      name each shareholder (or holder of partnership interests, if applicable)
      of such general partner. If any of these named shareholders are not
      natural persons or publicly held entities, please provide the same
      information. This process should be repeated until you reach natural
      persons or a publicly held entity. 
	  	  	______________________________________________________________________________________________ 
    
	  	  	______________________________________________________________________________________________
	  	  	______________________________________________________________________________________________ 
    
	  	  	  
		(c) 	Name your controlling shareholder(s) (the
      "Controlling Entity"). If the Controlling Entity is not a natural person
      and is not a publicly held entity, name each shareholder of such
      Controlling Entity. If any of these named shareholders are not natural
      persons or publicly held entities, please provide the same information.
      This process should be repeated until you reach natural persons or a
      publicly held entity. 
	  	  	  
		(A)(i) 	Full legal name of Controlling Entity(ies) or
      natural person(s) with who have sole or shared voting or dispositive power
      over the Registrable Securities: 
			Business address (including street address) (or
      residence if no business address), telephone number and facsimile number
      of such person(s): 
	  	  	Address:
      _______________________________________________________________________________________
	  	  	Telephone:
      _____________________________________________________________________________________
	  	  	Fax:
      ___________________________________________________________________________________________
	  	  	Name of shareholder:;
      _____________________________________________________________________________
	  	  	  
	  	  	  
	  	  	  
	  	 (B)(i) 	Full legal name of Controlling Entity(ies):
  
	 	 	______________________________________________________________________________________________ 
	  	  	  
			Business address (including street address) (or
      residence if no business address), telephone number and facsimile number
      of such person(s): 
	  	  	Address:
      _______________________________________________________________________________________
	  	  	Telephone:
      ______________________________________________________________________________________
	  	  	Fax:
      ___________________________________________________________________________________________
	  	  	Name of shareholders:
      _____________________________________________________________________________

If you need more space for this response, please attach
additional sheets of paper. Please be sure to indicate your name and the number
of the item being responded to on each such additional sheet of paper, and to
sign each such additional sheet of paper before attaching it to this
Questionnaire. Please note that you may be asked to answer additional questions
depending on your responses to the following questions. 

- 16 -

	5. 	
      Plan of Distribution.

	 	 
		
      Except as set forth below, the undersigned (including
      its donees or pledgees) intends to distribute the Registrable Securities
      listed above in Item 3 pursuant to the Registration Statement only as
      follows (if at all): Such Registrable Securities may be sold from time to
      time directly by the undersigned or, alternatively, through underwriters,
      broker-dealers or agents. If the Registrable Securities are sold through
      underwriters, broker-dealers or agents, the Selling Securityholder will be
      responsible for underwriting discounts or commissions or agents'
      commissions. Such Registrable Securities may be sold in one or more
      transactions at fixed prices, at prevailing market prices at the time of
      sale, at varying prices determined at the time of sale or at negotiated
      prices. Such sales may be effected in transactions (which may involve
      block transactions) (i) on any national securities exchange or quotation
      service on which the Registrable Securities may be listed or quoted at the
      time of sale, (ii) in the over-the-counter market, or (iii) in
      transactions otherwise than on such exchanges or services or in the
      over-the-counter market.IntelGenx Technologies Corp. - Exhibit 10.4 - Filed by newsfilecorp.com

Exhibit 10.4

- 1 - 

UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF
THE SECURITIES REPRESENTED HEREBY SHALL NOT TRADE SUCH SECURITIES BEFORE
DECEMBER 28, 2010. 

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED
UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”), OR
UNDER ANY STATE SECURITIES LAWS. THE HOLDER HEREOF, BY PURCHASING THESE
SECURITIES, AGREES FOR THE BENEFIT OF INTELGENX TECHNOLOGIES CORP. (THE
“COMPANY”) THAT THESE SECURITIES MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE
TRANSFERRED, DIRECTLY OR INDIRECTLY, ONLY (A) TO THE COMPANY, (B) IN COMPLIANCE
WITH (I) RULE 144A UNDER THE 1933 ACT, IF APPLICABLE, TO A PERSON WHO THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A)
THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED
INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE OFFER, SALE OR TRANSFER IS
BEING MADE IN RELIANCE OF RULE 144A, OR (II) RULE 144 UNDER THE 1933 ACT, IF
APPLICABLE, AND, IN EACH CASE, IN ACCORDANCE WITH APPLICABLE STATE SECURITIES
LAWS, OR (D) IN A TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE 1933
ACT AND ANY APPLICABLE STATE SECURITIES LAWS, AND, IN THE CASE OF (C)(II) AND
(D), THE SELLER FURNISHES TO THE COMPANY AN OPINION OF COUNSEL OF RECOGNIZED
STANDING IN FORM AND SUBSTANCE SATISFACTORY TO THE COMPANY TO SUCH EFFECT.
DELIVERY OF THIS CERTIFICATE MAY NOT CONSTITUTE “GOOD DELIVERY” IN SETTLEMENT OF
TRANSACTIONS ON STOCK EXCHANGES IN CANADA. HEDGING TRANSACTIONS INVOLVING THE
SECURITIES ARE PROHIBITED EXCEPT IN COMPLIANCE WITH THE 1933 ACT.

THIS WARRANT HAS NOT BEEN AND WILL NOT BE, AND THE SHARES
ISSUABLE UPON EXERCISE HEREOF HAVE NOT BEEN, REGISTERED UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"), OR THE SECURITIES LAWS OF
ANY STATE OF THE UNITED STATES. THIS WARRANT MAY NOT BE EXERCISED IN THE UNITED
STATES OR BY OR FOR THE ACCOUNT OR BENEFIT OF A U.S. PERSON OR PERSON IN THE
UNITED STATES AND THE UNDERLYING SHARES MAY NOT BE DELIVERED WITHIN THE UNITED
STATES UNLESS THE WARRANT AND THE UNDERLYING SHARES HAVE BEEN REGISTERED UNDER
THE 1933 ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR UNLESS AN EXEMPTION
FROM SUCH REGISTRATION REQUIREMENTS IS AVAILABLE, AND THE HOLDER HAS DELIVERED
AN OPINION OF COUNSEL IN FORM AND SUBSTANCE REASONABLY SATISFACTORY TO THE
CORPORATION TO SUCH EFFECT. "UNITED STATES" AND "U.S. PERSON" ARE USED HEREIN AS
SUCH TERMS ARE DEFINED BY REGULATION S UNDER THE 1933 ACT. 

AUGUST 27, 2010 
INTELGENX TECHNOLOGIES
CORP. 
a corporation incorporated under the laws of Delaware 
and
having its principal office at 
6425 Abrams 
Ville St-Laurent,
Quebec 

  H4S 1X9 

	NO. CW-• 	• WARRANTS 
		
      Each entitling the holder to acquire one (1)
      common share of IntelGenx Technologies Corp., subject to
      adjustment in certain circumstances. 

WARRANTS 

THIS IS TO CERTIFY THAT for value received • (the
“Holder”) is the registered holder of the number of warrants (the
“Warrants”) stated above and is entitled, for each whole Warrant
represented hereby, to purchase one common share (“Share”) in the capital
of IntelGenx Technologies Corp. (the “Corporation”) at any time from the
date of issue hereof up to and including 5:00 p.m. (Toronto Time) August 27,
2013 (the “Expiry Time”) at a price per Share equal to CAD$0.50 (the
“Exercise Price”), upon and subject to the following terms and
conditions. 

- 2 - 

Definitions 

	 	(a) 	
      “Compensation Options” means the compensation
      options issued to the Agents in connection with the Offering with each
      Compensation Option entitling the holder thereof to acquire one
      Compensation Option Share at an exercise price equal to CAD$0.50 until
      August 27, 2012;

	 	 	 
	 	(b) 	
      “Compensation Option Shares” means the Shares
      issuable upon exercise of the Compensation Options;

	 	 	 
	 	(c) 	
      “Offering” means the private placement offering of
      up to 6,250,000 Units issued on August 27, 2010;

	 	 	 
	 	(d) 	
      “Shares” means the shares of common stock with a
      par value of US$0.0001 in the capital of the Corporation;

	 	 	 
	 	(e) 	
      “Units” means the Units of the Corporation issued
      pursuant to the Offering and consisting of one Share and one
    Warrant;

	 	 	 
	 	(f) 	
      “Warrants” means this common Share purchase
      Warrant issued pursuant to the Offering which will be exercisable for a
      period of 36 months from the date of issue, to acquire one Warrant Share
      at a price of CAD$0.50; and

	 	 	 
	 	(g) 	
      “Warrant Share” means one Share issuable upon
      exercise or deemed exercise of a Warrant.

Capitalized terms used herein without definition have the
meanings ascribed thereto in the agency agreement dated August 27, 2010 between
the Corporation and Bolder Investment Partners, Ltd. (the “Agent”). 

	1. 	
      The Warrants represented by this Warrant Certificate may
      not be exercised in the United States or by or for the account or benefit
      of a U.S. Person or person in the United States nor will the Shares
      issuable upon exercise of these Warrants be registered or delivered to an
      address in the United States, unless the Shares issuable upon exercise of
      these Warrants have been registered in accordance to the United States
      Securities Act of 1933, as amended (the “U.S. Securities Act”) and
      any applicable securities laws of any state of the United States or an
      exemption from such registration requirements is available, and the
      Corporation receives an opinion of counsel to such effect in form and
      substance satisfactory to it. As used herein, the terms “United States”
      and “U.S. Person” have the meanings ascribed to them in Regulation S under
      the U.S. Securities Act.

	 	 
		
      The Warrants represented by this Warrant Certificate are,
      and the Warrant Shares shall be subject to certain resale restrictions
      under applicable securities legislation and unless permitted under
      securities legislation and subject to Section 15 hereof, the Warrants and
      the Warrant Shares may not be traded before December 28,
      2010. Certificates representing the Warrant Shares shall bear a
      legend until the expiration of the hold period indicating that they may
      not be traded before December 28, 2010.

	 	 
		
      The Holder is advised to seek professional advice as to
      applicable resale restrictions.

	 	 
	2. 	
      At any time, or from time to time, at or prior to the
      Expiry Time (the “Exercise Period”), the Holder may exercise all or
      any number of whole Warrants represented hereby, upon delivering to the
      Corporation at its principal office noted above this Warrant Certificate,
      together with a duly completed and executed subscription notice in the
      form attached hereto (the “Subscription Notice”) evidencing the
      election (which on delivery to the Corporation shall be irrevocable) of
      the Holder to exercise the number of Warrants set forth in the
      Subscription Notice (which shall not be greater than the number of
      Warrants represented by this Warrant Certificate as adjusted from time to
      time pursuant to Sections 5 and 6 of this Warrant Certificate) and a
      certified cheque or bank draft payable to the Corporation for the
      aggregate Exercise Price of all Warrants being exercised. If the Holder is
      not exercising all Warrants represented by this Warrant Certificate, the
      Holder shall be entitled to receive, without charge, a new Warrant
      Certificate representing the number of Warrants which is the difference between
      the number of Warrants represented by the then original Warrant
      Certificate and the number of Warrants being so exercised.

- 3 - 

	3. 	
      The Holder shall be deemed to have become the holder of
      record of Shares on the date (the “Exercise Date”) on which the
      Corporation has received a duly completed Subscription Notice, delivery of
      the Warrant Certificate and payment in full in respect of the Shares by
      way of a certified cheque, bank draft or money order in lawful money of
      Canada payable to the order of IntelGenx Technologies Corp. or its
      successor corporation; provided, however, that if such date is not a
      business day in the City of Toronto, Ontario, the City of Montreal, Quebec
      or a statutory holiday in the United States of America (a “Business
      Day”) then the Shares shall be deemed to have been issued and the
      Holder shall be deemed to have become the holder of record of the Shares
      on the next following Business Day. Within three (3) Business Days of the
      Exercise Date, the Corporation shall issue and deliver (or cause to be
      delivered) to the Holder, by registered mail or pre-paid courier to his,
      her or its address specified in the register of the Corporation or
      otherwise indicated on the Subscription Notice, one or more certificates
      for the appropriate number of issued and outstanding Shares.

	 	 	 	 
	4. 	
      The Corporation represents and warrants that it is duly
      authorized and has the corporate and lawful power and authority to create
      and issue the Warrants and to perform its obligations hereunder and that
      this Warrant Certificate represents a valid, legal and binding obligation
      of the Corporation enforceable in accordance with its terms, and the
      Corporation further covenants and agrees that, until the Expiry Time,
      while any of the Warrants represented by this Warrant Certificate shall be
      outstanding: (a) it shall reserve and there shall remain unissued out of
      its authorized capital a sufficient number of Shares to satisfy the right
      of purchase herein provided, as such right of purchase may be adjusted
      pursuant to Sections 5 and 6 of this Warrant Certificate; (b) all Shares
      which shall be issued upon the exercise of the right to purchase herein
      provided for, upon payment therefor of the amount at which such Shares may
      at the time be purchased pursuant to the provisions hereof, shall be
      issued as fully paid and non-assessable shares and the holders thereof
      shall not be liable to the Corporation or its creditors in respect
      thereof; (c) the Corporation shall make all requisite filings under the
      Securities Act (Ontario) and the regulations made thereunder
      including those necessary to remain a reporting issuer not in default of
      any requirement of such act and regulations; (d) the Corporation shall use
      all reasonable efforts to preserve and maintain its corporate existence;
      and (e) the Corporation shall use all reasonable efforts to maintain the
      listing of the Shares (or any shares or securities, whether of the
      Corporation or another company or entity, into which the common shares of
      the Corporation may from time to time be converted, reclassified or
      exchanged) on the TSX Venture Exchange (the “TSXV”) or such other
      recognized stock exchange or quotation system on which the Shares may
      trade, to the Expiry Time.

	 	 	 	 
	5. 	
      The Exercise Price and the number of Shares purchasable
      upon exercise shall be subject to adjustment from time to time in the
      events and in the manner provided as follows:

	 	 	 	 
		(a) 	
      Share Reorganization. If during the Exercise
      Period the Corporation shall:

	 	 	 	 
			(i) 	
      issue Shares or securities exchangeable for or
      convertible into Shares to holders of all or substantially all of its then
      outstanding Shares by way of stock dividend or other distribution,
    or

	 	 	 	 
			(ii) 	
      subdivide, redivide or change its outstanding Shares into
      a greater number of Shares, or

	 	 	 	 
			(iii) 	
      consolidate, reduce or combine its outstanding Shares
      into a lesser number of Shares,

(any of such events in these
paragraphs (i), (ii) and (iii) being a “Share Reorganization”), then the
Exercise Price shall be adjusted as of the effective date or record date, as the
case may be, at which the holders of Shares are determined for the purpose of
the Share Reorganization by multiplying the Exercise Price in effect immediately
prior to such effective date or record date by a fraction, the numerator of
which shall be the number of Shares outstanding on such effective date or record
date before giving effect to such Share Reorganization and the denominator of
which shall be the number of Shares outstanding as of the effective date or
record date after giving effect to such Share Reorganization (including, in the
      case where securities exchangeable for or convertible into Shares are
      distributed, the number of Shares that would have been outstanding had
      such securities been fully exchanged for or converted into Shares on such
      record date or effective date). From and after any adjustment of the
      Exercise Price pursuant to this Section 5(a), the number of Shares
      purchasable pursuant to this Warrant Certificate shall be adjusted
      contemporaneously with the adjustment of the Exercise Price by multiplying
      the number of Shares then otherwise purchasable on the exercise thereof by
      a fraction, the numerator of which shall be the Exercise Price in effect
      immediately prior to the adjustment and the denominator of which shall be
      the Exercise Price resulting from such adjustment.

- 4 - 

	 	(b) 	
      Rights Offering. If and whenever during the
      Exercise Period the Corporation shall fix a record date for the issue of
      rights, options or warrants to all or substantially all of the holders of
      Shares under which such holders are entitled, during a period expiring not
      more than 45 days after the record date for such issue (“Rights
      Period”), to subscribe for or purchase Shares or securities
      exchangeable for or convertible into Shares at a price per share to the
      holder (or having a conversion price or exchange price per Share) of less
      than 95% of the Current Market Price (as defined in Section 6 hereof) for
      the Shares on such record date (any of such events being called a
      “Rights Offering”), then the Exercise Price shall be adjusted
      effective immediately after the end of the Rights Period to a price
      determined by multiplying the Exercise Price in effect immediately prior
      to the end of the Rights Period by a fraction:

	 	(i) 	
      the numerator of which shall be the aggregate
  of:

	 	 	 	 	 
	 		(A) 	
      the number of Shares outstanding as of the record date
      for the Rights Offering, and

	 	 	 	 	 
	 		(B) 	
      a number determined by dividing either

	 	 	 	 	 
	 			I. 	
      the product of the number of Shares issued or subscribed
      for during the Rights Period and the price at which such Shares are
      offered,

or, as the case may be, 

	 	II. 	
      the product of the exchange or conversion price per share
      of such securities offered and the number of Shares for or into which the
      securities so offered pursuant to the Rights Offering have been exchanged
      or converted during the Rights Period,

by the Current Market Price of the
Shares as of the record date for the Rights Offering; and 

	 	(ii) 	
      the denominator of which shall be the number of Shares
      outstanding after giving effect to the Rights Offering and including the
      number of Shares actually issued or subscribed for during the Rights
      Period upon exercise of the rights, warrants or options under the Rights
      Offering or upon the exercise of the exchange or conversion rights
      contained in such exchangeable or convertible securities under the Rights
      Offering.

If the Holder has exercised any of the
Warrants during the period beginning immediately after the record date for a
Rights Offering and ending on the last day of the Rights Period, the Holder
shall, in addition to the Shares to which the Holder is otherwise entitled upon
such exercise in accordance with Section 2 hereof, be entitled to that number of
additional Shares equal to the result obtained when the difference, if any,
resulting from the subtraction of the Exercise Price as adjusted for such Rights
Offering pursuant to this Section 5(b) from the Exercise Price in effect
immediately prior to the end of such Rights Offering is multiplied by the number
of Shares purchased upon exercise of the Warrants held by such Holder during
such period, and the resulting product is divided by the Exercise Price as adjusted for
      such Rights Offering pursuant to this Section 5(b); provided that the
      provisions of Section 9 shall be applicable to any fractional interest in
      a Share to which such Holder might otherwise be entitled under the
      foregoing provisions of this Section 5(b). Such additional Shares shall be
      deemed to have been issued to the Holder immediately following the end of
      the Rights Period and a certificate for such additional Shares shall be
      delivered to such Holder within three (3) Business Days following the end
      of the Rights Period.

- 5 - 

	 	(c) 	
      Special Distribution. If and whenever during the
      Exercise Period the Corporation shall issue or distribute to all or to
      substantially all the holders of the Shares:

	 	 	 	 
	 		(i) 	
      securities of the Corporation including shares, rights,
      options or warrants to acquire shares of any class or securities
      exchangeable for or convertible into or exchangeable into any such shares
      or cash, property or assets and including evidences of its indebtedness,
      or

	 	 	 	 
	 		(ii) 	
      any cash, property or other assets,

	 	 	 	 
	 			
      and if such issuance or distribution does not constitute
      dividends paid in the ordinary course, a Share Reorganization or a Rights
      Offering (any of such non-excluded events being herein called a
      “Special Distribution”), the Exercise Price will be adjusted
      immediately after such record date so that it will equal the rate
      determined by multiplying the Exercise Price in effect on such record date
      by a fraction, of which the numerator shall be the total number of Shares
      outstanding on such record date multiplied by the Current Market Price on
      the earlier of such record date and the date on which the Corporation
      announces its intention to make such distribution, less the aggregate fair
      market value (as determined by the directors, acting reasonably, at the
      time such distribution is authorized) of such shares or rights, options or
      warrants or evidences of indebtedness or cash, securities or other
      property or assets so distributed, and of which the denominator shall be
      the total number of Shares outstanding on such record date multiplied by
      such Current Market Price and the number of Shares to be issued by the
      Corporation under the Warrants shall, at the time of exercise, be
      appropriately adjusted.

	 	 	 	 
	 	(d) 	
      Capital Reorganization. If and whenever during the
      Exercise Period there shall be a reclassification of Shares at any time
      outstanding or a change of the Shares into other shares or into other
      securities (other than a Share Reorganization), or a consolidation,
      amalgamation, arrangement or merger of the Corporation with or into any
      other corporation or other entity (other than a consolidation,
      amalgamation, arrangement or merger which does not result in any
      reclassification of the outstanding Shares or a change of the Shares into
      other securities), or a transfer of the undertaking or assets of the
      Corporation as an entirety or substantially as an entirety to another
      corporation or other entity (any of such events being herein called a
      “Capital Reorganization”), the Holder, where he has not exercised
      the right of subscription and purchase under this Warrant Certificate
      prior to the effective date or record date, as the case may be, of such
      Capital Reorganization, shall be entitled to receive, and shall accept
      upon the exercise of such right for the same aggregate consideration, in
      lieu of the number of Shares to which such holder was theretofore entitled
      upon such exercise, the aggregate number of shares, other securities or
      other property which such holder would have been entitled to receive as a
      result of such Capital Reorganization if, on the effective date thereof,
      he had been the registered holder of the number of Shares to which such
      holder was theretofore entitled to subscribe for and purchase; provided
      however, that no such Capital Reorganization shall be carried into effect
      unless all necessary steps shall have been taken to so entitle the Holder.
      If determined appropriate by the board of directors of the Corporation,
      acting reasonably and in good faith, and subject to the prior written
      approval of the principal Canadian stock exchange or over-the-counter
      market on which the Shares are then listed or quoted for trading,
      appropriate adjustments shall be made as a result of any such Capital
      Reorganization in the application of the provisions set forth in this
      Section 5 with respect to the rights and interests thereafter of the
      Holder to the end that the provisions set forth in this Section 5 shall
      thereafter correspondingly be made applicable as nearly as may reasonably
      be necessary in relation to any shares, other securities or other property
      thereafter deliverable upon the exercise of any Warrant. Any such adjustments shall be made by and
      set forth in terms and conditions supplemental hereto approved by the
      board of directors of the Corporation, acting reasonably and in good
      faith.

- 6 - 

	 	(e) 	
      If and whenever at any time after the date hereof and
      prior to the Expiry Time, the Corporation takes any action affecting its
      Shares to which the foregoing provisions of this Section 5, in the opinion
      of the board of directors of the Corporation, acting reasonably and in
      good faith, are not strictly applicable, or if strictly applicable would
      not fairly adjust the rights of the Holder against dilution in accordance
      with the intent and purposes thereof, or would otherwise materially affect
      the rights of the Holder hereunder, then the Corporation shall execute and
      deliver to the Holder an amendment hereto providing for an adjustment in
      the application of such provisions so as to adjust such rights as
      aforesaid in such a manner as the board of directors of the Corporation
      may determine to be equitable in the circumstances, acting reasonably and
      in good faith. The failure of the taking of action by the board of
      directors of the Corporation to so provide for any adjustment on or prior
      to the effective date of any action or occurrence giving rise to such
      state of facts will be conclusive evidence that the board of directors has
      determined that it is equitable to make no adjustment in the
      circumstances.

	6. 	
      The following rules and procedures shall be applicable to
      the adjustments made pursuant to Section 5:

	 	 	 	 
		(a) 	
      The adjustments provided for in Section 5 are cumulative,
      and shall, in the case of adjustments to the Exercise Price be computed to
      the nearest one-tenth of one cent and shall be made successively whenever
      an event referred to therein shall occur, subject to the following
      paragraphs of this Section 6.

	 	 	 	 
		(b) 	
      No adjustment in the Exercise Price shall be required
      unless such adjustment would result in a change of at least 1% in the
      prevailing Exercise Price and no adjustment shall be made in the number of
      Shares purchasable upon exercise of this Warrant unless it would result in
      a change of at least one one-hundredth of a Share; provided, however, that
      any adjustments which, except for the provisions of this Section 6(b)
      would otherwise have been required to be made, shall be carried forward
      and taken into account in any subsequent adjustment.

	 	 	 	 
		(c) 	
      No adjustment in the Exercise Price or in the number of
      Shares purchasable upon exercise of Warrants shall be made in respect of
      any event described in Section 5, other than the events referred to in
      Section 5(d), if the Holder is entitled to participate in such event on
      the same terms, mutatis mutandis, as if it had exercised its
      Warrants prior to or on the effective date or record date of such event.
      The terms of the participation of the Holder in such event shall be
      subject to the prior written approval of the principal Canadian stock
      exchange or over-the-counter market on which the Shares are then listed or
      quoted for trading.

	 	 	 	 
		(d) 	
      No adjustment in the Exercise Price shall be made
      pursuant to Section 5 in respect of the issue from time to time:

	 	 	 	 
			(i) 	
      of Shares purchasable on exercise of the Warrants
      represented by or issued concurrently with this Warrant
  Certificate;

	 	 	 	 
			(ii) 	
      in respect of the issue from time to time as dividends
      paid in the ordinary course of Shares to holders of Shares who exercise an
      option or election to receive substantially equivalent dividends in Shares
      in lieu of receiving a cash dividend pursuant to a dividend reinvestment
      plan or similar plan adopted by the Corporation in accordance with the
      requirements of the principal Canadian stock exchange or over-the-counter
      market on which the Shares are then listed or quoted for trading and
      applicable securities laws;

	 	 	 	 
			(iii) 	
      of Shares pursuant to any stock option plan, stock
      purchase plan or benefit plan in force at the date hereof for directors,
      officers, employees, advisers or consultants of
the Corporation, as such option or plan is amended or
      superseded from time to time in accordance with the requirements of the
      principal Canadian stock exchange or over-the- counter market on which the
      Shares are then listed or quoted for trading and applicable securities
      laws, and such other stock option plan, stock purchase plan or benefit
      plan as may be adopted by the Corporation in accordance with the
      requirements of the principal Canadian stock exchange or over-the-counter
      market on which the Shares are then listed or quoted for trading and
      applicable securities laws;

- 7 - 

	 	(iv) 	
      the payment of interest on any outstanding
  notes;

	 	 	 
	 	(v) 	
      the issuance of securities in connection with strategic
      license agreements and other partnering arrangements; or

	 	 	 
	 	(vi) 	
      full or partial consideration in connection with a
      strategic merger, consolidation or purchase of substantially all of the
      securities or assets of a corporation or other
entity;

	 		
      and any such issue shall be deemed not to be a Share
      Reorganization or Capital Reorganization.

	 	 	 
	 	(e) 	
      If the Corporation shall set a record date to determine
      the holders of the Shares for the purpose of entitling them to receive any
      dividend or distribution or any subscription or purchase rights and shall,
      thereafter and before the distribution to such shareholders of any such
      dividend, distribution or subscription or purchase rights, legally abandon
      its plan to pay or deliver such dividend, distribution or subscription or
      purchase rights, then no adjustment in the Exercise Price or the number of
      Shares purchasable upon exercise of any Warrant shall be required by
      reason of the setting of such record date.

	 	 	 
	 	(f) 	
      As a condition precedent to the taking of any action
      which would require any adjustment in any of the subscription rights
      pursuant to this Warrant Certificate, including the Exercise Price and the
      number or class of shares or other securities which are to be received
      upon the exercise thereof, the Corporation shall take any corporate action
      which may be necessary in order that the Corporation have unissued and
      reserved in its authorized capital and may validly and legally issue as
      fully paid and non-assessable all the Shares or other securities which the
      Holder of such Warrant Certificate is entitled to receive on the full
      exercise thereof in accordance with the provisions hereof.

	 	 	 
	 	(g) 	
      For the purposes of this Warrant Certificate, “Current
      Market Price” of a Share at any date shall be calculated as the price
      per Share equal to the weighted average price at which the Shares have
      traded in the principal Canadian stock exchange or, if the Shares are not
      listed, the over-the- counter market, on which the Shares are then listed
      or posted for trading during the 20 consecutive trading days (on each of
      which at least 500 Shares are traded in board lots) ending on the fifth
      trading day immediately prior to such date as reported by such market or
      exchange in which the Shares are then trading or quoted. If the Shares are
      not then traded in the over-the-counter market or on a recognized Canadian
      stock exchange, the Current Market Price of the Shares shall be fair
      market value of the Shares as determined by a nationally or
      internationally recognized investment dealer or investment
  banker.

	 	 	 
	 	(h) 	
      In the absence of a resolution of the board of directors
      of the Corporation fixing a record date for any dividend or distribution
      referred to in Section 5(a)(i) or any Rights Offering or Special
      Distribution, the Corporation shall be deemed to have fixed as the record
      date therefor the date on which such dividend or distribution is
      effected.

	 	 	 
	 	(i) 	
      Any question or dispute that at any time or from time to
      time arises with respect to the amount of any adjustment to the Exercise
      Price or other adjustments pursuant to Section 5 shall be conclusively
      determined by a firm of independent chartered accountants (who may be the
      Corporation’s auditors) and shall be binding upon the Corporation and the
      Holder.

- 8 - 

Notwithstanding the foregoing, such determination shall be
subject to the prior written approval of the principal Canadian stock exchange
or over-the-counter market on which the Shares are then listed or quoted for
trading. In the event that any such determination is made, the Corporation shall
notify the Holder in the manner contemplated in Section 19 describing such
determination. 

	7. 	
      On the happening of each and every such event set out in
      Section 5, the applicable provisions of this Warrant Certificate,
      including the Exercise Price, shall, ipso facto, be deemed to be
      amended accordingly and the Corporation shall take all necessary action so
      as to comply with such provisions as so amended.

	 	 	 
	8. 	
      In any case in which Section 5 shall require that an
      adjustment shall be effective immediately after a record date for an event
      referred to herein, the Corporation may defer, until the occurrence of
      such an event:

	 	 	 
		(a) 	
      issuing to the Holder of any Warrant exercised after such
      record date and before the occurrence of such event, the additional Shares
      issuable upon such exercise by reason of the adjustment required by such
      event, and

	 	 	 
		(b) 	
      delivering to such Holder any distributions declared with
      respect to such additional Shares after such Exercise Date and before such
      event;

	 	 	 
			
      provided, however, that the Corporation shall deliver or
      cause to be delivered to such Holder, an appropriate instrument evidencing
      such Holder’s right, upon the occurrence of the event requiring the
      adjustment, to an adjustment in the Exercise Price or the number of Shares
      purchasable on the exercise of any Warrant and to such distributions
      declared with respect to any additional Shares issuable on the exercise of
      any Warrant.

	 	 	 
	9. 	
      At least 10 Business Days prior to the effective date or
      record date, as the case may be, of any event which requires or might
      require adjustment in any of the subscription rights pursuant to this
      Warrant Certificate, including the Exercise Price and the number of Shares
      which are purchasable upon the exercise thereof, or such longer period of
      notice as the Corporation shall be required to provide holders of Shares
      in respect of any such event, the Corporation shall notify the Holder of
      the particulars of such event and, if determinable, the required
      adjustment and the computation of such adjustment. In case any adjustment
      for which such notice has been given is not then determinable, the
      Corporation shall promptly after such adjustment is determinable notify
      the Holder of the adjustment and the computation of such
  adjustment.

	 	 	 
	10. 	
      The Corporation shall maintain at its principal office a
      register of Holders in which shall be entered the names and addresses of
      the Holders of the Warrants and of the number of Warrants held by them.
      Such register shall be open at all reasonable times for inspection by the
      Holder. The Corporation shall notify the Holder forthwith of any change of
      address of the principal office of the Corporation.

	 	 	 
	11. 	
      The Corporation shall not be required to issue fractional
      Shares in satisfaction of its obligations hereunder. If any fractional
      interest in a Share would, except for the provisions of this Section 11,
      be deliverable upon the exercise of a Warrant, the Corporation shall in
      lieu of delivering the fractional Shares therefor satisfy the right to
      receive such fractional interest by payment to the holder of such Warrant
      of an amount in cash equal (computed in the case of a fraction of a cent
      to the next lower cent) to the value of the right to acquire such
      fractional interest on the basis of the Current Market Price at the
      Exercise Date.

	 	 	 
	12. 	
      Subject as herein provided, all or any of the rights
      conferred upon the Holder by the terms hereof may be enforced by the
      Holder by appropriate legal proceedings.

	 	 	 
	13. 	
      The registered Holder of this Warrant Certificate may at
      any time up to and including the Expiry Time, upon the surrender hereof to
      the Corporation at its principal office, exchange this Warrant Certificate
      for one or more Warrant Certificates entitling the Holder to subscribe in
      the aggregate for the same number of Shares as is expressed in this
      Warrant Certificate. Any Warrant Certificate tendered for exchange shall
      be surrendered to the Corporation and
cancelled.

- 9 - 

	14. 	
      If this Warrant Certificate becomes stolen, lost,
      mutilated or destroyed, the Corporation shall, on such terms as it may in
      its discretion acting reasonably impose, issue and deliver to the Holder a
      new Warrant Certificate of like denomination, tenor and date as the
      Warrant Certificate so stolen, lost, mutilated or destroyed.

	 	 	 
	15. 	
      This Warrant Certificate and the Warrants represented
      hereby are non-transferable.

	 	 	 
	16. 	
      Except as expressly set out herein, the holding of this
      Warrant Certificate or the Warrants represented hereby shall not
      constitute a Holder hereof a holder of Shares nor entitle it to any right
      of interest in respect thereof.

	 	 	 
	17. 	
      If any one or more of the provisions or parts thereof
      contained in this Warrant should be or become invalid, illegal or
      unenforceable in any respect in any jurisdiction, the remaining provisions
      or parts thereof contained herein shall be and shall be conclusively
      deemed to be, as to such jurisdiction, severable therefrom and:

	 	 	 
		(a) 	
      the validity, legality or enforceability of such
      remaining provisions or parts thereof shall not in any way be affected or
      impaired by the severance of the provisions or parts thereof severed;
      and

	 	 	 
		(b) 	
      the invalidity, illegality or unenforceability of any
      provision or part thereof contained in this Warrant Certificate in any
      jurisdiction shall not affect or impair such provision or part thereof or
      any other provisions of this Warrant Certificate in any other
      jurisdiction.

	 	 	 
	18. 	
      Any notice, document or communication required or
      permitted by this Warrant to be given by a party hereto shall be in
      writing and is sufficiently given if delivered personally, or if sent by
      prepaid registered mail, or if transmitted by any form of recorded
      telecommunication rested prior to transmission, to such party addressed as
      follows:

	 	 	 
		(a) 	
      to the Holder, in the register to be maintained pursuant
      to section 10 hereof; and

	 	 	 
		(b) 	
      to the Corporation at:

IntelGenx Technologies Corp.

6425 Abrams 
Ville St-Laurent, Quebec 
H4S 1X9 

Attention:        President

Telecopier:      (514) 331-0436 

	19. 	
      Time is of the essence hereof.

	 	 
	20. 	
      This Warrant Certificate shall enure to the benefit of
      the Holder and his heirs, executors, administrators, legal personal
      representatives, permitted assigns and successors is binding upon the
      Corporation and its successors and assigns.

	 	 
	21. 	
      This Warrant Certificate and the Warrants represented
      hereby shall be governed by the laws of the State of Delaware and the
      federal laws of the United States of America applicable
  therein.

[SIGNATURE PAGE FOLLOWS]

- 10 - 

          IN
WITNESS WHEREOF this Warrant Certificate has been executed on behalf of
IntelGenx Technologies Corp. as of the 27 day of August, 2010. 

INTELGENX TECHNOLOGIES CORP. 

 

By: _________________________________________

                Horst
  G. Zerbe  

                President
  and Chief Executive Officer 

SUBSCRIPTION NOTICE

	TO: 	INTELGENX TECHNOLOGIES CORP.
  
	  	6425 Abrams 
	  	Ville St-Laurent, Quebec 
	  	H4S 1X9 

The undersigned registered Holder of
the attached Warrant Certificate, hereby: 

	 	(a) 	
      subscribes for _________________________________ common
      shares (“Shares”) (or such number of Shares or other securities or
      property to which such subscription entitles the undersigned in lieu
      thereof or in addition thereto under the Warrant Certificate) of IntelGenx
      Technologies Corp. (the “Corporation”) at the price per Share in Canadian
      funds equal to CAD$0.50 (or such adjusted price which may be in effect
      under the provisions of the Warrant Certificate) and in payment of the
      exercise price encloses a certified cheque, bank draft or money order in
      lawful money of Canada payable to the order of IntelGenx Technologies
      Corp. or its successor corporation; and

	 	 	 
	 	(b) 	
      delivers herewith the above-mentioned Warrant Certificate
      entitling the undersigned to subscribe for the above-mentioned number of
      Shares.

	 	 	 
	 		
      The undersigned hereby directs that the said Shares be
      registered as follows:

  	  	 	Address(es) 	 	Number of 
	Name(s) in full
      	 	(including Postal Code) 	 	Shares 
	 	 	  

         

         
	 	 

Total:________

(Please print full name in which share certificates are to
be issued. If any of the Shares are to be issued to a person or persons other
than the Holder, the Holder must pay to the Corporation all requisite taxes or
other governmental charges.) 

	 	(c) 	
      certifies either (please check
one):

	 	[   ] 	
      (i) that the undersigned is not a U.S. Person or a person
      in the United States, and is not acquiring any of the Shares hereby
      subscribed for the account or benefit of a U.S. Person or a person in the
      United States, (ii) none of the persons listed in paragraph (b) above is a
      U.S. Person or a person in the United States, and (iii) at the time of
      exercise of the Warrants and execution and delivery of this exercise form
      the undersigned was not in the United States;

	 	 	 
	 	[   ] 	
      as of the date hereof there is an effective registration
      statement filed with the United States Securities and Exchange Commission
      covering the issuance of the Shares and the issuance of the Shares will be
      in compliance with all application securities laws of any state of the
      United States; or

	 	 	 
	 	[   ] 	
      the undersigned has delivered to the Corporation an
      opinion of counsel (which will not be sufficient unless it is from counsel
      of recognized standing and in form and substance satisfactory to the
      Corporation) to the effect that an exemption from the registration
      requirements of the U.S. Securities Act of 1933, as amended (the “U.S.
      Securities Act”) and applicable state securities laws is available for the
      issuance of the Shares. The undersigned understands that if this box is
      checked, the certificate representing the Shares issued upon exercise of
      the Warrants will bear a legend restricting transfer without registration
      under the U.S. Securities Act and applicable state securities laws unless
      an exemption from such registration requirements is
  available.

For purposes hereof the terms “United
States” and “U.S. Person” shall have the meanings ascribed to them in Regulation
S under the U.S. Securities Act of 1933, as amended. 

DATED this ____________ day of ___________________, 201__. 

_________________________________________
(Signature of
Subscriber) 

_________________________________________
(Print Name of
Subscriber) 

_________________________________________
_________________________________________
(Address
of Subscriber in full) 

_________________________________________

_________________________________________

The certificates will be mailed by registered mail to the
address appearing in this Subscription Notice.

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