Document:

IntelGenx Technologies Corp.: Exhibit 10.14 - Prepared by TNT Filings
Inc.

INTELGENX CORP. 

SUBSCRIPTION AGREEMENT FOR COMMON SHARES 

TO:                    
INTELGENX CORP. 

The undersigned (the "Purchaser") hereby irrevocably
subscribes for and tenders to IntelGenx Corp. (the "Company") this
subscription offer which, upon acceptance by the Company, will constitute an
agreement (the "Subscription Agreement") of the Purchaser with the
Company to purchase from the Company and, on the part of the Company, to sell to
the Purchaser, that number of Common Shares (defined below) of the Company set
out below (the "Purchaser’s Common Shares") at a price of Cdn.$0.47 per
Common Share (the "Purchase Price"), all on the terms and subject to the
conditions set forth in this Subscription Agreement. The Purchase Price will be
held subject to and in accordance with the terms and conditions of the Escrow
Agreement (defined below). Concurrently with the satisfaction of the Escrow
Release Conditions (defined below), the Purchase Price will be released to the
Company in exchange for the Purchaser’s Common Shares which shall be tendered to
Big Flash Corp. pursuant to the Conditional Letter of Acceptance and Transmittal
(defined below). See "Escrow Agreement and Subsequent Transaction" below. 

SUBSCRIPTION AND PURCHASER INFORMATION 

Please print all information (other than signatures), as
applicable, in the space provided below 

	 	 	 	 	 	 	 
	 	 	 	 	 	
    Number of Common Shares:                                              
    x $0.47 	 
	 	
    (Name of Purchaser)	 	 	 	 	 
	 	 	 	 	 	
    =
	 
	 	
    Account Reference (if applicable):                                                     
    	 	 	 	 	 
	 	 	 	 	 	
    Aggregate Purchase Price:                                                       
    	 
	 	
    By:                                                       
    	 	 	 	 	 
	 	
           
    Authorized Signature	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	
    
    Please complete if purchasing as agent or trustee for a
    principal (beneficial purchaser) (a "Disclosed Principal") and not
    purchasing as trustee or agent for accounts fully managed by it.
	 
	 	
    
    (Official Capacity or Title – if the Purchaser is not an
    individual)
	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	
    (Name of Disclosed Principal)	 
	 	
    
    (Name of individual whose signature appears above if
    different than the name of the purchaser printed above.)
	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	
    (Address of Disclosed Principal)	 
	 	
    
    (Purchaser’s Address, including Municipality and
    Province)
	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	
    (Account Reference, if applicable)	 
	 	
    (Telephone Number)	
    (Email Address)
	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	
    Account Registration
    Information:	 	 	 	
    Delivery Instructions as set
    forth below:	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	
    (Name)	 	 	 	
    (Name)	 
	 	 	 	 	 	 	 
	 	 	 	 	 	
    (Account Reference, if applicable)	 
	 	
    (Account Reference, if applicable)	 	 	 	 	 
	 	 	 	 	 	
    (Address)	 
	 	 	 	 	 	 	 
	 	
    (Address, including Postal Code)	 	 	 	
    (Contact Name)	
    (Telephone Number)
	 
	 	 	 	 	 	 	 
	
    	
    	
    	
    	
    	
    	
    
	 	
    
    Number and kind of securities of the Company held,
    directly or indirectly, if any:
	 	 	 	
    State whether Purchaser is an insider
    of the Company:	 
	 	 	 	 	 	 	 
	 	 	 	 	 	
    Yes    
    o	
    No    
    o	 
	 	 	 	 	 	 	 

 

TO: INTELGENX CORP. 

1.                
Acknowledgement. The Purchaser acknowledges that the
Purchase Price will be held pursuant to and in accordance with the terms and
conditions of the Escrow Agreement. Subject to satisfaction of the Escrow
Release Conditions, the Purchaser’s Common Shares shall be tendered to Big Flash
pursuant to the Conditional Letter of Acceptance and Transmittal. See "Escrow
Agreement and Subsequent Transaction" below. 

2.                
Delivery. A fully completed and originally executed copy of
this Subscription Agreement, a completed Schedule "B" (if the Purchaser is a
resident of the United States), a completed Schedule "C" (if the Purchaser is a
resident of Canada) and a completed Schedule "D" (for all purchasers) must be
delivered by no later than 4:30 p.m. (Toronto Time) on March 31, 2006 to the
Company at the following address: 

IntelGenx Corp. 

6425 Abrams 

Ville St._Laurent, Quebec 

Attention: Joel Cohen 

Fax No: (514) 745-2808 

 

3.                

Definitions. In this
Subscription Agreement, unless the context otherwise requires: 

(a)    
"Affiliate" shall have the meaning attributed to such term in the Business
Corporations Act (Ontario); 

(b)    
"Big Flash" means Big Flash Corp., a corporation incorporated under the
laws of Delaware; 

(c)    
"Big Flash Shares" means common shares in the capital of Big Flash; 

(d)    
"Closing" means the completion of the issue and sale by the Company, and
the purchase by the Purchasers, of the Purchaser’s Common Shares; 

(e)    
"Closing Date" means March 31, 2006 or such other date as the Company may
determine; 

(f)    
"Closing Time" means 10 a.m. (Toronto time) on the Closing Date or such
other time as the Company may determine; 

(g)    
"Common Shares" means the common shares in the capital of the Company; 

(h)    
"Conditional Letter of Acceptance and Transmittal" means the conditional
letter of acceptance and transmittal of the Purchaser in the form attached as
Schedule "D" hereto, in connection with tendering the Purchaser’s Common Shares
in exchange for the Big Flash Shares; 

(i)    
"Escrow Agent" means Chitiz Pathak LLP; 

(j)    
"Escrow Agreement" means the escrow agreement dated the date hereof
between the Company, Big Flash and the Escrow Agent in the form attached as
Schedule "E" hereto; 

(k)    
"Escrow Release Conditions" shall have the meaning ascribed to such term
in Section 4 hereto; 

(l)    
"Intellectual Property" means domestic and foreign: (i) patents,
applications for patents and reissues, divisions, continuations, renewals,
extensions and continuations-in-part of patents or patent applications; (ii)
proprietary and non-public business information, including inventions (whether
patentable or not), invention disclosures, improvements, discoveries, trade
secrets, confidential information, know-how, methods, processes, designs,
technology, technical data, schematics, formulae and customer lists, and
documentation relating to any of the foregoing; (iii) copyrights, copyright
registrations and applications for copyright registration; (iv) mask works, mask
work registrations and applications for mask work registrations; (v) designs,
design registrations, design registration applications and integrated circuit
topographies; (vi) trade names, business names, corporate names, domain names,
website names and world wide web addresses, common law trade-marks, trade-mark
registrations, trade mark applications, trade dress and logos, and the goodwill
associated with any of the foregoing; (vii) software; and (viii) any other
intellectual property and industrial property; 

(m)    
"International Jurisdiction" means a country other than Canada or the
United States; 

(n)    
"Material Contracts" means those contracts and agreements of the
Corporation which are listed in Schedule "A" hereto; 

(o)    
"Merger Agreement" means, collectively, the agreement or agreements to be
executed and delivered by the Company, and Big Flash (and any applicable
Affiliate) and shareholders of the Company, setting forth the terms of the
Transaction; 

(p)    
"NASD" means the United States National Association of Securities
Dealers; 

(q)    
"NI 41-106 Accredited Investor Certificate" means the Accredited Investor
Status Certificate required to be completed by a Purchaser who is a resident of
Canada, in the form of Schedule "C" hereto; 

(r)    
"Offering" the offering of up to 3,200,000 Common Shares to Purchasers
for gross proceeds of up to $1,504,000 pursuant to applicable exemptions from
registration and prospectus requirements in Canada, the United States and
International Jurisdictions; 

(s)    
"Principal Shareholders" means each of Horst Zerbe, Ingrid Zerbe and Joel
Cohen; 

(t)    
"Purchaser" means the purchaser of Common Shares hereunder, and
"Purchasers" means all purchasers of the Common Shares, including the Purchaser
hereunder, under the Offering; 

(u)    
"Regulation D" means Regulation D under the U.S. Securities Act; 

(v)    
"Regulation S" means Regulation S under the U.S. Securities Act; 

(w)    
"SEC" means the United States Securities and Exchange Commission; 

3.

(x)    
"Subscription Agreement" means this form of subscription agreement
together with subscription agreements similar in form to this subscription
agreement providing for the subscription for Common Shares pursuant to the
Offering on the terms set forth herein; 

(y)    
"Transaction" means the merger of the Company and Big Flash to be
completed in a transaction whereby (i) all of the Purchasers’ Common Shares are
acquired by Big Flash on the basis of each issued and outstanding Common Share
being exchanged for one (1) Big Flash Share, and (ii) all of the Principal
Shareholders’ Common Shares are acquired by a Canadian Affiliate of Big Flash on
the basis of each issued and outstanding Common Share being exchanged for one
(1) common exchangeable share of such Affiliate, and such other terms and
conditions as shall be determined in the Merger Agreement; 

(z)    
"United States" means the United States as that term is defined in
Regulation S; 

(aa)   "U.S.
Accredited Investor" means "accredited investor" as defined in Rule 501(a)
of Regulation D; 

(bb)   "U.S.
Accredited Investor Certificate" means the Accredited Investor Status
Certificate required to be completed by a Purchaser in the United States or a
U.S. Person, in the form of Schedule "B" hereto; 

(cc)   "U.S.
Person" means "U.S. person" as defined in Regulation S; and 

(dd)   "U.S.
Securities Act" means the United States Securities Act of 1933, as amended.

4.                
Escrow Agreement and Subsequent Transaction. 

The gross proceeds of the Offering
(the "Escrowed Funds") shall be deposited in escrow with the Escrow Agent
upon execution and delivery of each Subscription Agreement pursuant to and in
accordance with the Escrow Agreement and will be released from escrow by the
Escrow Agent to the Company immediately upon the Escrow Agent receiving the
following notices (collectively, the "Escrow Release Conditions"): 

(a)    
notice from the Company, to be delivered in accordance with the Merger
Agreement, confirming that all conditions precedent to the completion of the
Transaction, to be set forth in the Merger Agreement, that are for the benefit
of the Company have been satisfied or waived by the Company; and 

(b)    
notice from Big Flash, delivered in accordance with the Merger Agreement,
confirming that all conditions precedent to the completion of the Transaction,
to be set forth in the Merger Agreement, that are for the benefit of Big Flash
have been satisfied or waived by Big Flash. 

In the event that the Escrow Release
Conditions are not satisfied by 5:00 p.m. (Toronto Time) on April 30, 2006, the
Escrowed Funds will be returned, without interest or deduction, by the Escrow
Agent to the Purchasers. 

5.                
Conditional Letter of Acceptance and Transmittal. The
undersigned understands that in order to complete the Transaction, the
Purchaser’s Common Shares must be tendered for Big Flash Shares. The
undersigned, by executing the attached Conditional Letter of Acceptance and
Transmittal set out as Schedule "D",
understands and agrees that the Purchaser’s Common Shares shall be tendered in
exchange for Big Flash Shares under the terms of the Merger Agreement, subject
to and upon the satisfaction of the Escrow Release Conditions. The undersigned
understands that the Conditional Letter of Acceptance and Transmittal,
irrevocably amongst other things, authorizes the Company to deliver the
Purchaser’s Common Shares for exchange with Big Flash Shares and appoints Big
Flash to register and record the transfer of the Purchaser’s Common Shares and
to register and deliver to the Purchaser, at the address set out on the cover
page of this Subscription Agreement, the Big Flash Shares as soon as practicable
following the completion of the Transaction. The undersigned covenants and
acknowledges that the execution and delivery of the Conditional Letter of
Acceptance and Transmittal concurrently with the execution and delivery of the
Subscription Agreement by the undersigned is a condition to the acceptance by
the Company of the subscription herein. 

4.

6.                
Delivery and Payment. The Purchaser agrees that the
following shall be delivered to the Company at the address and by the date and
time set out on page two hereof, or such other place, date or time as the
Company may advise: 

(a)    
a completed and duly signed copy of this Subscription Agreement; 

(b)    
if the Purchaser is a resident of the United States, a completed and duly signed
copy of the U.S. Accredited Investor Certificate attached hereto as Schedule
"B"; 

(c)    
if the Purchaser is a resident of Canada, a completed and duly signed copy of
the NI 45-106 Accredited Investor Certificate attached hereto as Schedule "C";

(d)    
a completed and duly signed Conditional Letter of Acceptance and Transmittal and
Power of Attorney attached hereto as Schedule "D" ; 

(e)    
all other documentation as may be required by applicable securities laws
including without limitation any documentation from a Purchaser resident in an
International Jurisdiction required pursuant the laws of such jurisdiction in
order for the sale and issuance of Common Shares to such Purchaser to be
completed without the preparation and filing with any regulatory body or
government agency of a prospectus, offering memorandum, registration statement
or other offering document and without the requirement to conduct the issue and
sale of the Common Shares through a registered broker, dealer or other
intermediary; and 

(f)    
a certified cheque or bank draft made payable on or before the Closing Date in
same day freely transferable Canadian funds at par in Toronto, Ontario to "Chitiz
Pathak LLP in Trust" representing the aggregate Purchase Price payable by the
Purchaser for the Purchaser’s Common Shares. 

The Purchaser acknowledges and agrees
that such documents, when executed and delivered by the Purchaser, will form
part of and will be incorporated into this Subscription Agreement with the same
effect as if each constituted a representation and warranty or covenant of the
Purchaser hereunder in favour of the Company. The Purchaser (on its own behalf
and, if applicable, on behalf of any person for whose benefit the Purchaser is
subscribing) acknowledges and consents to the fact that the Company is
collecting the Purchaser’s (and any beneficial purchaser’s) personal information
for the purposes of completing the Purchaser’s subscription. The Purchaser (on
its own behalf and, if applicable, on behalf of any person for whose benefit the
Purchaser is subscribing) acknowledges and consents to the Company retaining the
personal information for as long as permitted or required by applicable law or
business practices. The Purchaser (on its own behalf and, if applicable, on
behalf of any person for whose 
benefit the Purchaser is subscribing) further acknowledges and consents to the
fact the Company may be required by applicable securities laws, stock exchange
rules, and the rules of the NASD or Investment Dealers Association to provide
regulatory authorities any personal information provided by the Purchaser
respecting itself (and any beneficial purchaser). 

5.

The Purchaser acknowledges that the
Purchaser’s personal information and the personal information of any person for
whose benefit th ePurchaser is subscribing): 

(a)    
may be delivered to the Ontario Securities Commission; 

(b)    
is thereby being collected indirectly by the Ontario Securities Commission under
the authority granted to it in securities legislation for the purposes of
administration and enforcement of the securities legislation of Ontario; and 

(c)    
the public official in Ontario who can answer questions about the Ontario
Securities Commission’s indirect collection of personal information is:
Administrative Assistant to the Director of Corporate Finance, Suite 1903, Box
5520, Queen Street West, Toronto, Ontario, M5H 3S8, Telephone (416) 593-8086.

The Purchaser represents and warrants
that it has the authority to provide the consents and acknowledgements set out
in this paragraph on behalf of all beneficial purchasers. 

7.                
Closing. The transactions contemplated hereby will be
completed at the Closing at the offices of Chitiz Pathak LLP, 154 University
Avenue, Suite 500, Toronto, Ontario, M5H 3Y9 or at such other location as may be
determined by the Company. The Purchaser acknowledges that the Purchase Price
will be held subject to the Escrow Agreement. 

8.                
Representations and Warranties of the Company. By accepting
this offer, the Company represents, warrants and covenants to the Purchaser as
follows: 

(a)    
Authorization and Effectiveness. As of the Closing Date, the
Company and its subsidiaries will have been duly incorporated, amalgamated,
formed or continued, as the case may be, and will be validly existing under the
laws of the jurisdiction where it was incorporated, amalgamated, formed or
continued, and will have all requisite power and authority and be duly qualified
to carry on its businesses in each of the jurisdictions in which it is now
conducted and to own or lease its property and assets; 

(b)    
Authorized Capital. The authorized share capital of the
Company consists of an unlimited number of Common Shares of which a total of
10,991,000 Shares are validly issued and outstanding as fully paid and
non-assessable; 

(c)    
No Option to Purchase. No person has any agreement, right or
option (whether direct, indirect or contingent or whether pre-emptive,
contractual or by law) to purchase, or otherwise acquire any of the unissued
shares in the capital of the Company, or for the issue of any other securities
of any nature or kind of the Company; 

(d)    
Exempt Take-Over Bid. The corporate and shareholder structure
of the Company is such that Big Flash may structure the Transaction as an
"exempt take-over bid" as such term is defined in the Securities Act
(Quebec) and the Securities Act (Ontario); 

6.

(e)    
No Share Restrictions. Except as provided for in this Subscription
Agreement, none of the outstanding Common Shares are subject to escrow
restrictions, pooling arrangements, voting trusts or unanimous shareholders
agreements, whether voluntary or otherwise; 

(f)    
Material Contracts. Each Material Contract is in good standing and in full
force and effect with no amendments except as set forth in Schedule "A" and the
Company is entitled to all rights and benefits thereunder. The Material
Contracts, including any amendments thereto or extensions thereof are valid and
binding obligations of the parties thereto enforceable in accordance with their
respective terms. The Company has complied with all terms of the Material
Contracts, has paid all amounts due thereunder, has not waived any rights
thereunder and no default or breach exists in respect thereof on the part of any
of the parties thereto and no event has occurred which, after the giving of
notice or the lapse of time or both, would constitute such a default or breach.
All amounts payable to the Company under the Material Contracts are still due
and owing to the Company without any right of set-off; 

(g)    
Intellectual Property. 

(i)     
Attached as Schedule "F" is a list of all Intellectual Property owned by or
licensed to the Company or used by the Company in carrying on its business. 

(ii)    
Schedule "F" includes complete and accurate particulars of all registrations and
applications for registration of the Intellectual Property owned by the Company.
All of the Company’s owned Intellectual Property which has been registered or
applied for has been properly maintained and renewed by the Company in
accordance with all applicable laws. 

(iii)   
Except as set forth in Schedule "F", the Company owns all right, title and
interest in and to the Intellectual Property owned by the Company, free and
clear of all liens and the Company has the right to use all the Intellectual
Property used by it in carrying on its business. To the knowledge of the
Company, it has taken all reasonable steps to protect its rights in and to its
owned Intellectual Property, in each case in accordance with industry practice.

(iv)   
Except as set forth in Schedule "F", to the knowledge of the Company, no person
is currently infringing any of the Intellectual Property owned by, licensed to
or used by the Company. 

(v)    
Except as set forth in Schedule "F", all current and former employees and
consultants of the Company have entered into confidentiality, intellectual
property assignment and proprietary information agreements with and in favour of
the Company. Each such person has waived its non-assignable rights (including
moral rights) to any Intellectual Property created by it on behalf of the
Company 

(h)    
No Claims. There are no claims, actions, suits, judgments, litigation or
proceedings pending against or affecting the Company which will or may have a
material adverse affect upon the Company after giving effect to the Transaction
or which may prevent the completion of the Transaction, and the Company is not
aware of any existing ground on which
any such claim, action, suit, judgment, litigation or proceeding might be
commenced with any reasonable likelihood of success; 

7.

(j)    
Financial Statements. The audited financial statements of the Company and
the notes thereto for the financial years ended December 31, 2005 and December
31, 2004 fairly present, in all material respects, the consolidated financial
position, results of operations, earnings and cash flow of the Company as at the
respective dates and for the periods indicated therein and such financial
statements have been prepared in accordance with Canadian generally accepted
accounting principles that were applicable as of the date thereof applied on a
consistent basis; 

(k)    
No Material Adverse Change. There has been no material adverse change in
relation to the Company since December 31, 2005, and no adverse material fact
exists in relation to the Common Shares; and 

(l)     
Not a Reporting Issuer. The Company is not a reporting issuer under the
securities legislation of any province or territory of Canada. 

9.                
Conditions of Closing. The obligations of the Purchaser to
complete the purchase of the Purchaser’s Common Shares as contemplated hereby
shall be conditional upon the fulfilment at or before the Closing Time of each
of the conditions of the Closing set forth in this Subscription Agreement. 

The Purchaser acknowledges and agrees that the sale of the
Purchaser’s Common Shares will not be qualified by a prospectus or registration
statement and such sale is subject to the condition that the Purchaser (or, if
applicable, any others for whom the Purchaser is contracting hereunder) sign and
return to the Company all relevant documentation required by applicable Canadian
and United States securities laws. The Purchaser acknowledges and agrees that
the Company may be required to provide to applicable securities regulatory
authorities the identities of the beneficial purchasers of the Common Shares.
Notwithstanding that the Purchaser may be purchasing Common Shares as an agent
on behalf of an undisclosed principal, the Purchaser agrees to provide, on
request, particulars as to the identity of such undisclosed principal as may be
required by the Company in order to comply with the foregoing. In addition, the
Purchaser acknowledges that none of the Common Shares will be or have been
registered under the U.S. Securities Act. 

10.               
Acceptance or Rejection. The Company will have the right to
accept or reject this offer at any time at or prior to the Closing Time. The
Purchaser acknowledges and agrees that the acceptance of this offer will be
conditional upon the sale of the Purchaser’s Common Shares to the Purchaser
being exempt from any prospectus, registration statement or offering memorandum
requirements of all applicable securities laws. The Company will be deemed to
have accepted this offer upon the Company’s execution of the acceptance form at
the end of this Subscription Agreement and the delivery at the Closing of the
certificates representing the Purchaser’s Common Shares. 

11.               
Purchaser’s Representations and Warranties. The Purchaser
represents and warrants to the Company, as representations and warranties that
are true as of the date of this offer and will be true as of the Closing Date,
that: 

(a)    
Authorization and Effectiveness. If the Purchaser is a corporation, the
Purchaser is a valid and subsisting corporation, has the necessary corporate
capacity and authority to execute and deliver this offer and to observe and
perform its covenants and obligations hereunder and has taken all necessary
corporate action in respect thereof, or, if the
Purchaser is a partnership, syndicate
or other form of unincorporated organization, the Purchaser has the necessary
legal capacity and authority to execute and deliver this offer and to observe
and perform its covenants and obligations hereunder and has obtained all
necessary approvals in respect thereof, or, if the Purchaser is an individual,
the Purchaser is of the full age of majority and is legally competent to execute
this Subscription Agreement and to observe and perform his or her covenants and
obligations hereunder, and, in any case, upon acceptance by the Company, this
offer will constitute a legal, valid and binding contract of the Purchaser
enforceable against the Purchaser in accordance with its terms; 

8.

(b)    
Residence. The Purchaser is a resident of the jurisdiction referred to under
"Name and Address of Purchaser" on the cover page hereof; 

(c)    
Purchasing as Principal. Except to the extent contemplated in Paragraph (e)
below, the Purchaser is purchasing the Purchaser’s Common Shares as principal
(as defined in all applicable securities laws) for its own account and not for
the benefit of any other person; 

(d)    
Purchasing for Investment Only. Except to the extent contemplated in
Paragraph (e) below, the Purchaser is purchasing the Purchaser’s Common Shares
for investment only and not with a view to any resale, distribution or other
disposition in violation of Canadian, United States, or other applicable
securities laws; 

(e)    
Purchasing as Agent. In the case of the purchase by the Purchaser of the
Purchaser’s Common Shares as agent or trustee for any principal, each beneficial
purchaser of the Purchaser’s Common Shares for whom the Purchaser is acting, is
purchasing its Purchaser’s Common Shares as principal for its own account, and
not for the benefit of any other person, for investment only and not with a view
to any resale, distribution or other disposition, and the Purchaser has due and
proper authority to act as agent or trustee for and on behalf of such beneficial
purchaser in connection with the transactions contemplated hereby; 

(f)    
Purchaser Has Benefit of Statutory or Other Exemptions. The Purchaser
satisfies the requirements of one or more the following subsections: 

(i)    
(A)     if the Purchaser is in the United States or a U.S.
Person, the Purchaser is purchasing the Common Shares for its own account and
not for the account or benefit of any other person, and is a U.S. Accredited
Investor, and specifically represents and warrants that one or more of the
categories set forth in the U.S. Accredited Investor Certificate correctly, and
in all respects, describes the Purchaser and the Purchaser has so indicated by
marking the box next to the category which so describes it and executing and
delivering a copy of the U.S. Accredited Investor Certificate; or 

(B)    
if the Purchaser has not executed and delivered a U.S. Accredited Investor
Certificate, the Purchaser hereby represents and warrants that it (x) is not in
the United States or a U.S. Person, and is not acquiring the Common Shares for
the account or benefit of a person in the United States or a U.S. Person, (y)
was not offered the Common Shares in the United States, and (z) did not execute
or deliver this Subscription Agreement in the United States; 

9.

(ii)     
if resident in Canada, the Purchaser, or any beneficial person for whom the
Purchaser is acting, is an "accredited investor" as such term is defined in
National Instrument 45-106, Prospectus and Registration Exemptions ("NI
45-106") and
specifically represents and warrants that one or more of the categories set
forth in the NI 45-106 Accredited Investor Status Certificate correctly, and in
all respects, describes the Purchaser and the Purchaser has so indicated by
marking the box next to the category which so describes it and executing and
delivering a copy of the NI 45-106 Accredited Investor Status Certificate; 

(iii)    
if resident in an International Jurisdiction, the Purchaser, or any
beneficial person for whom the Purchaser is acting, is a resident of or
otherwise subject to the securities laws of an International Jurisdiction, the
purchase of the Common Shares by such Purchaser does not contravene the
applicable securities laws in the jurisdiction in which it is resident or to
which it is subject and does not trigger any obligation to prepare and file a
prospectus, registration statement or similar document, or any other report with
respect to such purchase, to be registered with or to file any report or notice
with any governmental or regulatory authority; 

(iv)   
has status as an exempt purchaser or the equivalent under the securities
legislation applicable to it, which status has the effect of eliminating any
requirement for a prospectus (or equivalent document) in respect of the purchase
of Common Shares by the Purchaser 

and has provided the Company
with a copy of the document evidencing or confirming such status; or 

(v)    
is purchasing pursuant to a statutory, regulatory or other exemption, or an
exemption order permitting such purchase, which exemption or order has the
effect of eliminating any requirement for a prospectus (or equivalent document)
or the involvement of a registrant in respect of the purchase of Common Shares
by the Purchaser and has provided the Company with a copy of the document
evidencing such exemption or exemption order; 

(g) 

    Company or
Unincorporated Organization. If the Purchaser, or any beneficial purchaser
referred to in Paragraph (e) above, is a corporation or a partnership,
syndicate, trust or other form of unincorporated organization, the Purchaser or
such beneficial purchaser was not incorporated or created solely, nor is it
being used primarily, to permit purchases without a prospectus under applicable
law; 

(h) 

   Adequate Information.
The Purchaser has had access to all information, if any, concerning the Company
as it has considered necessary in connection with its investment decision to
acquire Common Shares hereunder and has had the opportunity to ask questions of
and receive answers from representatives of the Company concerning the business
and affairs of the Company; 

(i) 
   
Income Tax Consequences. The Purchaser acknowledges that, although an
investment in Common Shares may have certain material income tax consequences,
the Company has made no representations concerning income tax consequences to
the Purchaser and the Purchaser has relied solely, if at all, on the Purchaser’s
own tax advisors in evaluating the tax aspects of such an investment; 

10.

(j)    
Absence of Advertising or Offering Memorandum. The offering
and sale of the Purchaser’s Common Shares to the Purchaser were not made through
an advertisement of the Common Shares in printed media of general and regular
paid circulation, radio or television or any other form of advertisement
including electronic display (such as the Internet), or any other advertisement
or general solicitation with respect to the Common Shares. In addition, no
offering memorandum or similar document was delivered by the Company to the
Purchaser in connection with the sale of the Common Shares for the purposes of
applicable securities laws; in entering into this agreement, the Purchaser has
not relied upon any document or information except the representations and
warranties and covenants of the Company set forth herein; and 

(k)    
Investment Suitability. The Purchaser, and any beneficial purchaser
referred to in Paragraph (e)     above, has such knowledge
and experience in financial and business affairs as to be capable of evaluating
the merits and risks of the investment hereunder in the Purchaser’s Common
Shares and is able to bear the economic risk of loss of such investment. 

(l)    
The execution and delivery of this Subscription Agreement, the performance and
compliance with the terms hereof, the subscription for the Common Shares and the
completion of the transactions described herein by the Purchaser will not result
in any material breach of, or be in conflict with or constitute a material
default under, or create a state of facts which, after notice or lapse of time,
or both, would constitute a material default under any term or provision of the
constating documents, by-laws or resolutions of the Purchaser, the applicable
securities legislation or any other laws applicable to the Purchaser, any
agreement to which the Purchaser is a party, or any judgment, decree, order,
statute, rule or regulation applicable to the Purchaser. 

(m)    
If required by applicable applicable securities legislation or the Company, the
Purchaser will execute, deliver and file or assist the Company in filing such
reports, undertakings and other documents with respect to the issue of the
Common Shares, as may be required by any securities commission or other
regulatory authority. 

(n)    
The Purchaser has been advised to consult its own legal advisors with respect to
trading in the Common Shares and with respect to the resale restrictions imposed
by the applicable securities legislation of the jurisdiction in which the
Purchaser resides and the Purchaser is solely responsible (and the Company is in
no way responsible) for compliance with applicable resale restrictions and the
Purchaser is aware that it may not be able to resell such securities except in
accordance with limited exemptions under applicable securities laws. 

(o)     No
person has made any written or oral representations: 

(i)     
that any person will resell or repurchase the Common Shares; 

(ii)     that
any person will refund the Purchase Price; or 

(iii)    as to the
future price or value of the Common Shares. 

11.

(p)    
The funds representing the Purchase Price which will be advanced by the
Purchaser to the Company hereunder 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 Purchaser acknowledges that the Company
may in the future be required by law to disclose the Purchaser's name and other
information relating to this Subscription Agreement and the Purchaser's
subscription hereunder, on a confidential basis, pursuant to the PCMLTFA. To the
best of its knowledge (a) none of the subscription funds to be provided by the
Purchaser (i) have been or will be derived from or related to any activity that
is deemed criminal under the law 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 Purchaser, and (b) it shall promptly notify
the Company if the Purchaser discovers that any of such representations ceases
to be true, and to provide the Company with appropriate information in
connection therewith. 

The Purchaser acknowledges and agrees
that the foregoing representations and warranties are made by it with the
intention that they may be relied upon in determining its eligibility or (if
applicable) the eligibility of others on whose behalf it is contracting
hereunder to purchase the Purchaser’s Common Shares under relevant securities
laws. The Purchaser further agrees that by accepting delivery of the Purchaser’s
Common Shares on the Closing Date, it will be representing and warranting that
the foregoing representations and warranties are true and correct as at the
Closing Date with the same force and effect as if they had been made by the
Purchaser at the time of the Closing and that they will survive the purchase by
the Purchaser of the Purchaser’s Common Shares and will continue in full force
and effect notwithstanding any subsequent disposition by the Purchaser of the
Purchaser’s Common Shares. 

12.             
No Statutory Right of Rescission or Damages; Additional Acknowledgements.
The Purchaser acknowledges and agrees that: 

(a)     no
securities commission or similar regulatory authority has reviewed or passed on
the merits of the Purchaser’s Common Shares and Big Flash Shares; 

(b)     there
is no government or other insurance covering the Purchaser’s Common Shares and
Big Flash Shares; 

(c)     there
are risks associated with the purchase of the Purchaser’s Common Shares and Big
Flash Shares; 

(d)    
as a consequence of acquiring Common Shares and Big Flash Shares pursuant to
exemptions from registration and prospectus requirements under applicable
securities laws in Canada and the United States, certain protections, rights and
remedies provided such securities laws, including statutory rights of rescission
or damages, will not be available to the Purchaser. 

(e)     there
are risks associated with the purchase of the Purchaser’s Common Shares and the
Purchaser may lose its entire investment; 

(f)    
there are restrictions on the Purchaser’s ability to resell the Common Shares
and it is the responsibility of the Purchaser to find out what those
restrictions are and to comply with them before selling the Common Shares; and

(g)     The
Purchaser is responsible for obtaining such legal and tax advice as it considers
appropriate in connection with the execution, delivery and performance of this
Subscription Agreement and the
transactions contemplated under this Subscription Agreement. 

12.

13.             
Canadian Legending
Requirements. For
purposes of complying with applicable laws in Canada and Multilateral
Instrument 45-102, 
Resale of Securities,
the Purchaser understands and acknowledges that upon the issuance of Common
Shares and Big Flash Shares, all the certificates representing the Common Shares
and Big Flash Shares, shall bear the following legend, which legend shall remain
on said certificates until compliance with the terms thereof: 

"Unless permitted under Securities
Legislation, the holder of this Security must not trade the Security before the
date that is four months and a day after the later of [the Closing Date] and the
date the Issuer becomes a Reporting Issuer in any province or territory." 

The Purchaser further acknowledges and agrees that
the foregoing legend is in addition to any legend(s) which may be required by
applicable Canadian securities laws. 

14.             
U.S. Legending
Requirements. The
Purchaser understands and acknowledges that: 

(a)    
upon the original issuance thereof, and until such time as the same is no longer
required under applicable requirements of the U.S. Securities Act or applicable
state securities laws, certificates representing Common Shares or Big Flash
Shares issued to persons that are in the United States or U.S. Persons, or
acquiring Common Shares or Big Flash Shares for the account or benefit of
persons in the United States or U.S. Persons and all certificates issued in
exchange therefor or in substitution thereof, shall bear the following legend
(the "U.S. Legend"):

"THE SECURITIES
REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES
ACT OF 1933, AS AMENDED (THE "U.S. SECURITIES ACT"). THE HOLDER HEREOF, BY
PURCHASING SUCH SECURITIES, AGREES FOR THE BENEFIT OF THE COMPANY THAT SUCH
SECURITIES MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED ONLY (A) TO THE
COMPANY, (B) OUTSIDE THE UNITED STATES IN ACCORDANCE WITH RULE 904 OF REGULATION
S UNDER THE U.S. SECURITIES ACT, (C) IN ACCORDANCE WITH THE EXEMPTION FROM
REGISTRATION UNDER THE U.S. SECURITIES ACT PROVIDED BY RULE 144 OR RULE 144A
THEREUNDER, IF AVAILABLE, AND IN COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES
LAWS, OR (D) IN A TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE U.S.
SECURITIES ACT OR ANY APPLICABLE STATE LAWS AND REGULATIONS GOVERNING THE OFFER
AND SALE OF SECURITIES, AND THE HOLDER HAS, PRIOR TO SUCH SALE, FURNISHED TO THE
COMPANY AN OPINION OF COUNSEL, OF RECOGNIZED STANDING, OR OTHER EVIDENCE OF
EXEMPTION, IN EITHER CASE, REASONABLY SATISFACTORY TO THE COMPANY. DELIVERY OF
THIS CERTIFICATE MAY NOT CONSTITUTE GOOD 
DELIVERY IN SETTLEMENT OF TRANSACTIONS ON STOCK EXCHANGES IN CANADA." 

13.

(b)    
if the Common Shares are being sold under section (B) of the U.S. Legend, and
provided that the Company is a "foreign issuer" within the meaning of Regulation
S at the time of sale, any such legend may be removed by providing a declaration
to the Company’s registrar and transfer agent, in such form as the Company may
prescribe from time to time or such other evidence (which may include an opinion
of counsel) that the Company shall require; 

(c)    
if the Common Shares and Big Flash Shares are being sold under section (C) of
the U.S. Legend, the legend may be removed by delivery to the Company’s
registrar and transfer agent and the Company of an opinion of counsel, of
recognized standing reasonably satisfactory to the Company, that such legend is
no longer required under applicable requirements of the U.S. Securities Act or
state securities laws; 

(d)    
none of the Common Shares and Big Flash Shares have been registered under the
U.S. Securities Act or the securities law of any state, and that the Common
Shares and Big Flash Shares may not be exchanged in the United States or by or
on behalf of a U.S. Person unless an exemption from registration is available
and the holder provides an opinion of counsel in form and substance satisfactory
to the Company to such effect, provided that a Purchaser that delivers a U.S.
Accredited Investor Certificate in connection with the subscription for Common
Shares from the Company that is exchanged for its own account and which remains
a U.S. Accredited Investor need not deliver an opinion of counsel; 

(e)    
in addition to the legend set forth in subparagraph (a) above, upon the original
issuance thereof, and until such time as the same is no longer required under
applicable requirements of the U.S. Securities Act or applicable state
securities laws, certificates representing Common Shares and Big Flash Shares,
and all certificates issued in exchange therefor or in substitution thereof,
shall bear the following legend: 

"THESE COMMON SHARES HAVE NOT BEEN REGISTERED UNDER THE
UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "U.S. SECURITIES ACT"), OR
ANY STATE SECURITIES LAWS AND MAY NOT BE EXCHANGED IN THE UNITED STATES OR BY OR
ON BEHALF OF A U.S. PERSON OR A PERSON IN THE UNITED STATES UNLESS AN EXEMPTION
IS AVAILABLE FROM THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT AND
ANY APPLICABLE STATE SECURITIES LAWS AND THE COMPANY RECEIVES AN OPINION OF
COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO IT TO SUCH EFFECT. "UNITED STATES"
AND "U.S. PERSON" ARE AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT."

15.             
Purchaser’s Expenses. The Purchaser acknowledges and agrees that
except as otherwise provided herein, all costs and expenses incurred by the
Purchaser (including any fees and disbursements of special counsel retained by
the Purchaser) relating to the purchase of the Common Shares and Big Flash
Shares shall be borne by the Purchaser. 

14.

16.              
No Revocation.
The Purchaser agrees that this offer is made for valuable consideration and may
not be withdrawn, cancelled, terminated or revoked by the Purchaser. 

17.             
Indemnity.
The Company is entitled to rely on the statements, representations, warranties
and covenants of the Purchaser contained in this Subscription Agreement
including the Schedules attached hereto. The Purchaser agrees to indemnify and
hold harmless the Company and its respective directors, officers, employees,
agents, advisers and shareholders from and against any and all loss, liability,
claim, damage and expense whatsoever (including, but not limited to, any and all
fees, costs and expenses whatsoever reasonably incurred in investigating,
preparing or defending against any claim, law suit, administrative proceeding or
investigation whether commenced or threatened) arising out of or based upon any
representation or warranty of the Purchaser contained herein or in any document
furnished by the Purchaser to the Company in connection herewith being untrue in
any material respect or any breach or failure by the Purchaser to comply with
any covenant or agreement made by the Purchaser herein or in any document
furnished by the Purchaser to the Company in connection herewith. 

18.             
Modification.
Neither this Subscription Agreement nor any provision hereof shall be modified,
changed, discharged or terminated except by an instrument in writing signed by
the party against whom any waiver, change, discharge or termination is sought.

19.             
Assignment.
The terms and provisions of this Subscription Agreement shall be binding upon
and enure to the benefit of the Purchaser, the Company and their respective
successors and assigns; provided that, except as herein provided, this
Subscription Agreement shall not be assignable by any party without the prior
written consent of the other parties. 

20.             
Miscellaneous.
All representations, warranties, agreements and covenants made or deemed to be
made by the Purchaser herein will survive the execution and delivery, and
acceptance, of this offer and the Closing. This Subscription Agreement may be
executed in any number of counterparts, each of which when delivered, either in
original or facsimile form, shall be deemed to be an original and all of which
together shall constitute one and the same document. 

21.             
Governing Law.
This Subscription Agreement shall be governed by and construed in accordance
with the laws of the Province of Ontario and the federal laws of Canada
applicable therein. The Purchaser on its own behalf and, if applicable, on
behalf of others for whom it is contracting hereunder, hereby irrevocably
attorns to the jurisdiction of the courts of the Province of Ontario with
respect to any matters arising out of this Subscription Agreement. 

22.             
Facsimile
Subscriptions. The
Company shall be entitled to rely on delivery by facsimile machine of an
executed copy of this Subscription Agreement, including the completed schedules
hereto, and acceptance by the Company of such facsimile copy shall be legally
effective to create a valid and binding agreement between the Purchaser and the
Company in accordance with the terms hereof. 

23.             
Entire Agreement and
Headings. This
Subscription Agreement (including the schedules hereto) contains the entire
agreement of the parties hereto relating to the subject matter hereof and there
are no representations, covenants or other agreements relating to the subject
matter hereof except as stated or referred to herein. This Subscription
Agreement may be amended or modified in any respect by written instrument only.
The headings contained herein are for convenience only and shall not affect the
meanings or interpretation hereof. 

24.             
Time of Essence.
Time shall be of the essence of this Subscription Agreement. 

15.

25.            
Language. The Purchaser acknowledges its consent and request that all
documents evidencing or relating in any way to its purchase of the Purchaser’s
Common Shares be drawn up in the English language only. Nous reconnaissons par
les présentes avoir consenti et demandé que tous les documents faisant foi ou se
rapportant de quelque manière à notre achat soient rédigés en anglais seulement.

26.             
Effective Date. This Subscription Agreement is intended to and shall
take effect on the Closing Date, notwithstanding its actual date of execution or
delivery by any of the parties. 

ACCEPTANCE 

The foregoing is acknowledged, accepted and agreed to
this ____ day of ____________________, 2006. 

  	
      INTELGENX CORP.
	 
	Per:	 
	 	
      Name:
	 	Title:

 

16.

SCHEDULE "A" 

MATERIAL CONTRACTS 

	
  Development Agreement dated
  November 17, 2005 between IntelGenx Corp. and Cary Pharmaceutical Inc. 

    

	
  Development Agreement dated
  October 28, 2005 between IntelGenx Corp. and Novavax Inc. 

    

	
  Memorandum of Understanding
  dated October 26, 2005 between Keata Pharma Inc. and IntelGenx Corp. 

    

	
  Employment Agreement dated
  December 1, 2005 between IntelGenx Corp. and Horst Zerbe 

    

	
  Memorandum of Agreement dated
  December 1, 2005 between IntelGenx Corp. and Horst Zerbe 

    

	
  Employment Letter dated
  December 1, 2005 from IntelGenx Corp. to Ingrid Zerbe 

    

	
  Confidentiality Agreement dated
  December 1, 2005 between IntelGenx Corp. and Ingrid Zerbe 

    

	
  Employment Agreement dated July
  13, 2005 between IntelGenx and Carolina Cantu-Toy, as amended on January 9,
  2006 

    

	
  Employment Agreement dated
  November 28, 2005 between IntelGenx Corp. and Pompilia Ispas-Szabo, as amended
  on January 9, 2006 

    

	
  Employment Agreement dated June
  27, 2005 between IntelGenx Corp. and Nadine Paiement 

SCHEDULE "B" 

U.S. ACCREDITED INVESTOR CERTIFICATE 

By initialling where indicated below, the Purchaser is
confirming its representation and warranty regarding the category or categories
under which it qualifies as an "accredited investor" within the meaning of Rule
501(a) of Regulation D under the United States Securities Act of 1933:

[MARK BELOW THE CATEGORY OR CATEGORIES WHICH DESCRIBES YOU]

	(a)	Natural Person -
    Net Worth Test. The Purchaser is a natural person whose total personal
    net worth, either individually or jointly with such person’s spouse, at the
    time of his purchase, exceeds U.S.$1,000,000.	
    □
	 	 	 
	(b)	Natural Person -
    Income Test. The Purchaser is a natural person who had individual
    income in excess of U.S.$200,000, or joint income with the person’s spouse
    in excess of U.S.$300,000, in each of the two most recent years and
    reasonably expects to reach the same income level in the current year.	
    □
	 	 	 
	(c)	Business and
    Non-profit Entities. The Purchaser is an organization described in
    section 501(c)(3) of the United States Internal Revenue Code, a corporation,
    a Massachusetts or similar business trust or a partnership, none of which
    has been formed for the specific purpose of acquiring the Subscription
    Receipts, and each having total assets in excess of U.S.$5,000,000.	
    □
	 	 	 
	(d)	Bank. The
    Purchaser is a bank as defined in section 3(a)(2) of the United States 
    Securities Act of 1933 or a savings and loan association or other
    institution specified in section 3(a)(5)A of the United States Securities
    Act of 1933 whether acting in its individual or fiduciary capacity.	
    □
	 	 	 
	(e)	Broker or Dealer.
    The Purchaser is a broker or dealer registered pursuant to section 15 of the
    United States Securities Exchange Act of 1934.	
    □
	 	 	 
	(f)	Public Employee
    Plan. The Purchaser is a plan established and maintained by a state, its
    political subdivisions, or any agency or instrumentality of a state or its
    political subdivisions, for the benefit of its employees, if such plan has
    total assets in excess of U.S.$5,000,000.	
    □
	 	 	 
	(g)	Employee Benefit
    Plan. The Purchaser is an employee benefit plan within the meaning of
    Title I of the United States Employee Retirement Income Security Act of
    1974, if the investment decision is made by a plan fiduciary, as defined
    in section 3(21) of such act, which is either a bank, savings and loan
    association, insurance company or registered investment adviser or if the
    employee benefit plan has total assets in excess of U.S.$5,000,000 or, if a
    self-directed plan, with investment decisions made solely by persons that
    are accredited investors.	
    □
	 	 	 
	(h)	Trust. The
    Purchaser is a trust, with total assets in excess of U.S.$5,000,000, not
    formed for the specific purpose of acquiring the securities offered, whose
    purchase is directed by a sophisticated person as described in Rule
    506(b)(2)(ii) of Regulation D under the United States Securities Act of
    1933.	
    □
	 	 	 
	(i)	Insurance Company. The
    Purchaser is an insurance company as defined in section 2(13) of the United
    States Securities Act of 1933. 	
    □
	 	 	 

	(j)	Investment Company. The
    Purchaser is an investment company registered under the United States 
    Investment Company Act of 1940 or a business development company as
    defined in section 2(a)(48) of that Act.	
    □
	 	 	 
	(k)	SBIC. The Purchaser is a
    Small Business Investment Company licensed by the U.S. Small Business
    Administration under section 301(c) or (d) of the Small Business
    Investment Act of 1958.	
    □
	 	 	 
	(l)	Private Business Development
    Company. The Purchaser is a private business development company as
    defined in section 202(a)(22) of the United States Investment Advisers
    Act of 1940.	
    □
	 	 	 
	(m)	Director or Officer. The
    Purchaser is a director or an executive officer of the Company.	
    □
	 	 	 
	(n)	Entity Owned by Accredited
    Investors. The Purchaser is an entity in which all of the equity owners
    are accredited investors and described in one or more of the categories set
    forth in paragraphs (a) through (m) above.	
    □

	 	 	 
	 	 	 
	DATED_________________, 200____	 
	 	 	 
	 	 	Signature of
    Purchaser
	 	 	 
	 	 	 
	 	 	Name of
    Purchaser
	 	 	 
	 	 	 
	 	 	Address of
    Purchaser
	 	 	 

B-2 

SCHEDULE "C" 

NI 45-106 ACCREDITED INVESTOR CERTIFICATE 

TO: INTELGENX CORP. (the "Company") 

Reference is made to the subscription agreement between the
Company and the undersigned (referred to herein as the "Purchaser") dated as of
the date hereof (the "Subscription Agreement"). Upon execution of this Purchaser
Certificate by the Purchaser, this Purchaser Certificate shall be incorporated
into and form a part of the Subscription Agreement. Terms not otherwise
defined herein have the meanings attributed to them in the Subscription
Agreement and in National Instrument 45-106 – Prospectus and Registration
Exemptions ("NI 45-106") promulgated under the applicable Securities Laws.
All monetary references are in Canadian dollars. 

In connection with the purchase of Common Shares by the
Purchaser, the Purchaser represents, warrants and covenants (on its own behalf
or, if applicable, on behalf of those for whom the Purchaser is contracting
under the Subscription Agreement (a "Principal") and certifies to the Company
and acknowledges that the Company is relying thereon that: 

General 

A.    one of the following
clauses (i), (ii) or (iii) applies: 

(i)    the
Purchaser is resident in one of the provinces or territories of Canada and is
purchasing the Common Shares as principal for its own account and not for the
benefit of any other person, for investment only, and not with a view to the
resale or distribution of all or any of the Common Shares; 

(ii)    the
Purchaser is contracting hereunder on behalf of a Principal and such Principal
is resident in one of the provinces or territories of Canada and is purchasing
as principal for its own account and not for the benefit of any other person,
for investment only, and not with a view to the resale or distribution of all or
any of the Common Shares; or 

(iii)   the
Purchaser is deemed to be purchasing as principal pursuant to NI 45-106 with
respect to a purchase of the Common Shares pursuant to clause B below, by virtue
of the fact that it is a trust company or trust corporation described in clause
(p) of the definition of "Accredited Investor" in clause B below and is not a
trust company or trust corporation registered under the laws of Prince Edward
Island that is not registered or authorized under the Trust and Loan
Companies Act (Canada) or under comparable legislation in another
jurisdiction of Canada, or by virtue of the fact that it is a person or company
described in clause (q) of the definition of "Accredited Investor" in clause B
below; and 

Prospectus Exemptions 

B.    one of the following
clauses (i), (ii) or, (iii) applies (check applicable category):

(i)     the
Purchaser or the Disclosed Principal, as applicable, is an "Accredited
Investor", as such term is defined in NI 45-106, and as at the Closing Date, the
Purchaser or the Disclosed Principal, as applicable, falls within one or more of
the following categories checked below: 

	
    
    (a)
	
    
    a Canadian financial institution, or a
    Schedule III bank;
	
    □
	
     
	
     
	
     
	
    
    (b)
	
    
    the Business Development Bank incorporated
    under the Business Development Bank of Canada Act (Canada);
	
    □

 

	
    (c)	
    
    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;
	
    □

	
     	
     
	
     
	
    (d)	
    
    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);
	
    □

	
     	
     
	
     
	
    (e)	
    
    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);
	
    □

	
     	
     
	
     
	
    (f)	
    
    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;
	
    □

	
     	
     
	
     
	
    (g)	
    
    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;
	
    □

	
     	
     
	
     
	
    (h)	
    
    any national, federal, state, provincial,
    territorial or municipal government of or in any foreign jurisdiction, or
    any agency of that government;
	
    □

	
     	
     
	
     
	
    (i)	
    
    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,;
	
    □

	
     	
     
	
     
	
    (j)	
    
    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;
	
    □

	
     	
     
	
     
	
    (k)	
    
    an individual whose net income before taxes
    exceeded $200 000 in each of the 2 most recent calendar years or whose net
    income before taxes combined with that of a spouse exceeded $300 000 in each
    of the 2 most recent calendar years and who, in either case, reasonably
    expects to exceed that net income level in the current calendar year;
	
    □

	
     	
     
	
     
	
    (l)	
    
    an individual who, either alone or with a
    spouse, has net assets of at least $5 000 000;
	
    □

	
     	
     
	
     
	
    (m)	
    
    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, and that was not created or
    used solely to purchase or hold the Common Shares as an accredited investor;
	
    □

	
     	
     
	
     
	
    (n)	
    
    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 reinvestment] of NI 45-106,
	
     
	
     	
     
	
     
	
     	
     
	
     
	
    (o)	
    
    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;
	
    □

	
     	
     
	
     
	
    (p)	
    
    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;
	
    □

C-2 

	
     	
     
	
     
	
    (q)	
    
    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;
	
     
	 	
     
	
     
	
    (r)	
    
    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;
	
    □
	 	
     
	
     
	
    (s)	
    
    an entity organized in a foreign jurisdiction
    that is analogous to any of the entities referred to in paragraphs (a) to
    (d) or paragraph (i) in form and function;
	
    □
	 	
     
	
     
	
    (t)	
    
    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;
	
    □
	 	
     
	
     
	
    (u)	
    
    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
	
    □
	 	
     
	
     
	
    (v)	
    
    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 after September 14, 2005;
	
     

(ii)    the aggregate
acquisition cost of the Common Shares purchased by the Purchaser is not less
than $150,000 paid in cash at the time of the trade and the Purchaser has not
been created or used solely to purchase or hold securities in reliance on this
exemption   

□

The foregoing representation is true and accurate as of the
date of this certificate and will be true and accurate as of the Closing. If any
such representation shall not be true and accurate prior to Closing, the
undersigned shall give immediate written notice of such fact to the Chief
Executive Officer of the Company. 

	
    Dated: ____________________, 2006	 
	 	 	
    Name of Purchaser
	 	 	 
	 	 	 
	Name
    of witness (if the Purchaser is an individual)	
    Signature of Purchaser
	 	 	 
	 	 	 
	
    Signature of witness	 	
    If the Purchaser is a
    corporation, print name and title
	 	 	of Authorized
    Signing Officer
	 	 	 

C-3 

SCHEDULE "D" 

CONDITIONAL LETTER OF ACCEPTANCE AND TRANSMITTAL 

AND POWER OF ATTORNEY 

All capitalized terms not otherwise defined herein shall have
the meanings given to them in the Subscription Agreement to which this
Conditional Letter of Acceptance and Power of Attorney is attached to as
Schedule "D". 

THIS CONDITIONAL LETTER OF
ACCEPTANCE AND TRANSMITTAL SHALL ONLY BE EFFECTIVE IF THE ESCROW RELEASE
CONDITIONS HAVE BEEN SATISFIED IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF
THE ESCROW AGREEMENT. 

TO:               BIG FLASH CORP. ("BIG FLASH") 

AND TO:     INTELGENX CORP. (THE "COMPANY") THE UNDERSIGNED
HEREBY: 

(I)    subject
to the satisfaction of the Escrow Release Conditions and the terms of the Escrow
Agreement, agrees to deposit with Big Flash, for exchange in connection with the
Transaction, the Purchaser’s Common Shares on the basis of one (1) Big Flash
Shares for each Common Share; 

(II)  
authorizes the President of the Company to deliver the certificates representing
Purchaser’s Common Shares directly to Big Flash prior to their exchange for Big
Flash Shares and, upon the completion of the exchange, to register or record,
transfer and enter the transfer of Common Shares to Big Flash on the books of
the Company such that thereafter Big Flash shall be the legal and beneficial
owner of the Purchaser’s Common Shares in accordance with the Transaction; and

(III)  ably
constitutes and appoints any officer of the Company, and each of them, and any
other person designated by the Company in writing, the true and lawful agent,
attorney and attorney-in-fact and proxy of the undersigned with respect to the
assignment, sale, transfer, conveyance and tender of the Purchaer’s Common
Shares which shall be taken up and paid for by Big Flash (the "Purchased
Securities") pursuant to and in accordance with the Transaction effective on and
after the date that Big Flash pays for the Purchased Securities (the "Effective
Date"), with full power of substitution, in the name of and on behalf of the
undersigned (such power of attorney being deemed to be an irrevocable power
coupled with an interest) to exercise any and all rights of the holder in
respect of the Purchased Securities, including without limitation, (a) to
negotiate and enter into an agreement of purchase and sale and such other
agreements and instruments, assignments, transfers or powers of transfer
including the Merger Agreement, providing for and giving effect to the sale,
assignment and transfer of the Purchaser’s Common Shares to Big Flash and to
receive consideration therefor, pursuant to the terms of the Transaction as
shall be set forth in the Merger Agreement; (b) to vote at all meetings,
pass all necessary resolutions (or as the case may be necessary) and otherwise
to act as the Purchaser’s proxy or representative in respect of any corporate
proceedings required to be taken to give effect to and to authorize the
transactions contemplated by the Merger Agreement. 

Following the Effective Date of the
Transaction, and upon receipt and deposit of: (i) by you, this Conditional
Letter of Acceptance and Transmittal, properly completed and signed and
certificates evidencing the Purchaser’s Common Shares (which, upon the
satisfaction of the Escrow Release Conditions, will be automatically issued
pursuant to the Escrow Agreement without any further action on your part); and
(ii) any other required documentation which may be specified by Big Flash,
certificate(s) for Big Flash Shares to which the undersigned is entitled under
the Transaction, will be sent by Big Flash, or its agent to the address shown
for delivery instructions on the cover page of the Subscription Agreement. In
each case, the certificate(s) representing the Big Flash Shares will be
registered in the manner specified under "Account Registration Information" on
the cover page of the Subscription Agreement. 

The undersigned represents,
warrants and covenants to and with Big Flash and the Company, and each of them,
(and acknowledges that Big Flash and the Company, and each of them is relying
thereon), as follows: 

(i)  
Ownership – on and as of the Effective Date of the Transaction: (i) the
undersigned is the owner of the Purchaser’s Common Shares being deposited; (ii)
such Purchaser’s Common Shares are owned by the undersigned free and clear of
all mortgages, liens, charges, encumbrances, security interests and adverse
claims; and (iii) the undersigned has full power and authority to execute and
deliver this Conditional Letter of Acceptance and Transmittal and all
information inserted into this Conditional Letter of Acceptance and Transmittal
by the undersigned is accurate; 

(ii) 
 Jurisdiction of Residence – the undersigned is resident or otherwise
subject to applicable securities legislation in the jurisdiction set out under
"Name and Address of Purchaser" on the cover page of the Subscription Agreement,
and the purchase by and sale to the undersigned of the Big Flash Shares has
occurred only in such jurisdiction. 

(iii) 
 Capacity - (i) if the undersigned is an individual, the undersigned has
attained the age of majority and is legally competent to execute this
Conditional Letter of Acceptance and Transmittal and to perform all actions
required pursuant hereto; (ii) if the undersigned is a corporation, partnership,
unincorporated association or other entity, the undersigned has the legal
capacity and competence to enter into and be bound by this Conditional Letter of
Transmittal and the undersigned further certifies that all necessary approvals
of directors, shareholders or otherwise have been given and obtained; 

(iv)   Authority - the
undersigned is not acting on behalf of any other person and is acquiring the Big
Flash Shares on its own behalf and not on behalf of any other person; 

(v)  
Enforceability - this Conditional Letter of Acceptance and Transmittal has
been duly and validly authorized, executed and delivered by the undersigned and
constitutes a legal, valid and binding contract of the undersigned enforceable
against the undersigned in accordance with its terms; 

(vi)   No Representation re:
Resale, Refund, Future Price or Listing - no person has made any written or
oral representation to the undersigned: 

(a)   that any person will resell or repurchase the Big Flash Shares; 

(b)   that any person will refund the purchase price of the Big Flash Shares;

(c)   relating to the future price or value of the Big Flash Shares; or 

(d)   that the
Big Flash Shares are or will become listed on any stock exchange or quotation
service; 

(vii) 
Investment Experience and Information – the undersigned has knowledge and
experience with respect to investments of this type enabling the undersigned to
evaluate the merits and risks thereof and the capacity to obtain competent
independent business, legal and tax advice regarding this investment. Big Flash
has made available to the undersigned a reasonable time prior to the undersigned
entering into this Conditional Letter of Transmittal the opportunity to ask
questions and receive answers concerning the terms and conditions of this
transaction and to obtain any additional information which Big Flash possesses
or can acquire without unreasonable effort or expense that is necessary to
verify information furnished; 

(viii) Other
- the undersigned acknowledges that: 

(a)   no securities commission or similar regulatory authority has reviewed or
passed on the merits of the Big Flash Shares; 

(b)   there is no government or other insurance covering the Big Flash Shares;

(c)   there are risks associated with the purchase of the Big Flash Shares; and

(d)   Big Flash has advised the undersigned that Big Flash is relying on an
exemption from prospectus and registration requirements of applicable securities
legislation and requirements under any other law to file a prospectus and, as a
consequence of acquiring securities pursuant to an exemption, certain
protections, rights and remedies provided by applicable securities laws,
including statutory rights of rescission or damages, may not be available to the
undersigned, that the undersigned may not receive information that might
otherwise be required to be provided to the undersigned under applicable
securities laws if the exemption were not relied upon and that Big Flash is
relieved from certain obligations that would otherwise apply under applicable
securities laws if the exemption were not relied upon. 

In addition, the undersigned
acknowledges and agrees that Big Flash will have the benefit of all the
representations, warranties and covenants given by the undersigned in the
Subscription Agreement and further agrees that all such representations,
warranties and covenants will be deemed to be incorporated herein as if they
were reproduced in their entirety, with such changes as are necessary in order
to reflect that such representations, warranties and covenants are being made to
Big Flash by the undersigned in connection with the Big Flash Shares to be
issued in exchange for the Purchaser’s Common Shares. 

The undersigned acknowledges that
the foregoing representations and warranties are made by the undersigned with
the intent that they may be relied upon in determining the eligibility of the
undersigned to purchase the Big Flash Shares under relevant securities
legislation. The undersigned further agrees that by accepting the Big Flash
Shares the undersigned shall be representing and warranting that the foregoing
representations and warranties are true as at the date of acceptance of the
tendered securities. The undersigned covenants to immediately notify Big Flash,
c/o Geoff Williams, 19 East, 200 South, Suite 1080, Salt Lake City, Utah 84111
Fax No. (801) 595-0967, of any change in any statement or other information
relating to the undersigned set forth herein which takes place prior to the date
of acceptance of the tendered securities. 

By virtue of the execution of this
Conditional Letter of Acceptance and Transmittal, the undersigned shall be
deemed to have agreed that all questions as to validity, form, eligibility
(including timely receipt) and acceptance of any securities deposited will be
determined by Big Flash and the Company in their sole discretion and that such
determination shall be final and binding and the undersigned acknowledges that
there shall be no duty or obligation on either Big Flash, the Company or any
other person to give notice of any defect or irregularity and no liability shall
be incurred by any of them for failure to give such notice. 

The covenants, representations and warranties of
the undersigned herein contained shall survive the completion of the
Transaction. 

The undersigned revokes any and all
authority, whether as agent, attorney-in-fact, attorney, proxy or otherwise,
previously conferred or agreed to be conferred by the undersigned at any time
with respect to the Purchaser’s Common Shares. No subsequent authority whether
as agent, attorney-in-fact, attorney, proxy or otherwise will be granted with
respect to the deposited securities. Each authority conferred or agreed to be
conferred by the undersigned in this Conditional Letter of Acceptance and
Transmittal will survive the death or incapacity of the undersigned and any
obligation of the undersigned hereunder is binding upon the heirs, legal
representatives, successors and assigns of the undersigned. 

The undersigned instructs Big Flash
to mail the certificates representing Big Flash Shares as soon as practicable
after the Effective Date, by insured first class mail, postage prepaid, in
accordance with the instructions given on the cover page of the Subscription
Agreement under "Delivery Instructions". 

By reason of the use by the
undersigned of this Conditional Letter of Acceptance and Transmittal, the
undersigned is deemed to have required that any contract evidenced by the
Transaction as accepted through this Conditional Letter of Acceptance and
Transmittal, as well as all documents related thereto, be drawn exclusively in
the English language. En raison de l’usage des présentes lettre d’envoi et
formule de choix par le soussigné, ce dernier est réputé avoir demandé que tout
contrat attesté par l’arrangement. qui est accepté au moyen des présentes lettre
d’envoi et formule de choix, de méme que tous les documents qui s’y rapportent,
soient rédigés exclusivement en anglais. 

  	DATED:_____________________,
      2006
	 	 
	 	 
	 	 
	 	 
	 	 
	(Signature of
      Purchaser or Authorized	 
	Representative)	 
	 	 
	 	 
	 	 
	 	 
	Name of
      Purchaser (Please Print)	 
	 	 
	 	 
	(Name of Authorized Representative) (Please
	Print)

 

SCHEDULE "E" 

ESCROW AGREEMENT 

Please see attached.

 

 

 

 

ESCROW AGREEMENT 

THIS AGREEMENT is made as of <>,
2006 

BETWEEN: 

INTELGENX INC. 

(the "Corporation") 

AND: 

<> 

(the "Subscriber") 

AND: 

CHITIZ PATHAK LLP 

(the "Escrow Agent") 

WHEREAS: 

A.
          
The Corporation and the Subscriber have executed and delivered a subscription
agreement (the "Subscription
Agreement"), dated <>,
2006, pursuant to which the Subscriber has subscribed for and agreed to purchase
from the Corporation, and the Corporation has agreed to issue to the Subscriber
at a price of $0.47 per share or a gross subscription price of $<> (the "Subscription
Price"), <> common shares
("Shares")
of the Corporation; 

B.           
The subscription for the
Shares ("Subscription")
is subject to a number of conditions set forth in the Subscription Agreement;

C.
In the Subscription Agreement,
the Subscriber has agreed to pay the Subscription Price to the Escrow Agent on
the terms set forth herein which funds are to be released in accordance with the
terms of this Agreement; 

D.
          
For such purpose, this Agreement sets forth the terms and conditions under which
the Escrow Agent has agreed to hold the Subscription Price and the terms and
conditions under which the Subscription Price may be released by the Escrow
Agent; 

NOW THEREFORE, in consideration of the premises and the
covenants and agreements herein contained and other good and valuable
consideration (the receipt and sufficiency of which are hereby acknowledged),
the parties hereto agree as follows: 

 

All capitalized terms not defined herein shall have the meanings ascribed
thereto in the Subscription Agreement. 

ARTICLE 1 

ESCROW AGENT 

1.01 
        
Appointment of Escrow Agent 

The Corporation and the Subscriber
each hereby appoint the Escrow Agent to act as the escrow agent for the purpose
of holding the Subscription Price in accordance with the terms and conditions of
this Agreement, and the Escrow Agent hereby accepts such appointment and agrees
to act in accordance with the terms and conditions of this Agreement. The Escrow
Agent shall have no duties or responsibilities except as expressly provided in
this Agreement. 

ARTICLE 2 

DELIVERY OF SUBSCRIPTION PRICE 

2.01 
        
Delivery of Subscription Price 

The Subscriber hereby delivers the Subscription Price
to the Escrow Agent to be held in escrow by the Escrow Agent on the terms and
subject to the conditions of this Agreement. 

ARTICLE 3 

ESCROW RELEASE CONDITIONS 

3.01         
Escrow Release 

The Escrow Agent shall release and
deliver the Subscription Price to the Corporation immediately upon receipt by
the Escrow Agent of the following (collectively, the "Escrow Release Notices"):

(a)  
notice from the Corporation,
delivered in accordance with the Merger Agreement, confirming that all
conditions precedent to the completion of the Transaction, set forth in the
Merger Agreement, that are for the benefit of the Corporation have been
satisfied or waived by the Corporation; and 

(b)   
notice from Big Flash,
delivered in accordance with the Merger Agreement, confirming that all
conditions precedent to the completion of the Transaction, set forth in the
Merger Agreement, that are for the benefit of Big Flash have been satisfied or
waived by Big Flash; 

In the event that the Escrow Release
Notices are not received by the Escrow Agent by <>, 2006, the Subscription Price
will be returned, without interest or deduction, by the Escrow Agent to the
Purchasers. 

ARTICLE 4 

TERMINATION OF ESCROW 

4.01 
        
Termination of Escrow 

Once the Escrow Agent has released
the Subscription Price in accordance with this Agreement, this Agreement shall
terminate and be of no further force or effect, except to the extent necessary
in order for Sections 5.02, 6.01, 6.02 and 6.03, to continue to be of full force
and effect. 

ARTICLE 5 

ESCROW AGENT 

5.01          Rights of Escrow
Agent 

The acceptance by the Escrow Agent of
its duties and obligations under this Agreement is subject to the following
terms and conditions, which shall govern and control the rights, duties,
liabilities and immunities of the Escrow Agent: 

(a)   the
Escrow Agent shall be entitled to act and rely upon (and shall not be liable for
so acting and relying upon) any resolution, affidavit, direction, written
notice, request, waiver, consent, receipt, statutory declaration, certificate or
other paper or document furnished to it and signed by an individual representing
himself or herself as the Subscriber or an officer, director or employee or
authorized agent of the Corporation or the Subscriber (where the Subscriber is
not an individual), not only as to its due execution and the validity and
effectiveness of its provisions but also as to the truth and acceptability of
any information therein contained which the Escrow Agent believes to be genuine;

(b)   the
Escrow Agent shall be entitled to act and rely upon (and shall not be liable for
so acting upon and relying upon) any resolution, affidavit, direction, notice,
declaration, certificate, waiver, consent, receipt, opinion, report, statement
or other paper or document purported to be delivered pursuant to this Agreement
and shall not be required to enquire as to the veracity, accuracy or adequacy
thereof or be bound by any notice or direction to the contrary by any person
other than a person entitled to give such notice; 

(c)   the
Escrow Agent shall not be required to make any determination or decision with
respect to the validity of any claim made by any party hereto or of any denial
thereof but shall be entitled to rely conclusively on the terms hereof and the
documents tendered to it in accordance with the terms hereof; 

(d)   the
Escrow Agent shall have no duties except those which are expressly set forth
herein. It is understood and agreed that the Escrow Agent is not acting as a
trustee or in any fiduciary capacity but is acting as a depository only, that
the duties of the Escrow Agent hereunder are purely administrative in nature and
it shall not be liable for any error of judgement, or for any act done or step
taken or omitted by it, or for any mistake of fact or law, or for anything which
it may do or refrain from doing in connection herewith, except for its own gross
negligence or fraud. In the absence of gross negligence or fraud by the Escrow
Agent, the Corporation and the Subscriber shall not hold the Escrow Agent liable
for any loss or injury to them; 

(e)   the
Escrow Agent shall incur no liabilities hereunder or in connection herewith for
anything whatsoever other than as a result of its own gross negligence or fraud
and the Corporation and the Subscriber hereby release the Escrow Agent from any
actions, causes of action, claims, demands, damages, losses, costs, liabilities,
penalties and expenses whatsoever, whether arising directly or indirectly, by
way of statute, contract, tort or otherwise, other than those arising from its
own gross negligence or fraud; 

(f)  
upon the Escrow Agent's delivery and release of all the Subscription Price in
accordance with the provisions of this Agreement, the Escrow Agent shall be
automatically and immediately released from all obligations under this Agreement
to any party hereto and to any other person with respect to the Subscription
Price; 

(g)   the
Escrow Agent shall not be bound by any notice of a claim or demand with respect
thereto, or any waiver, modification, amendment, termination or rescission of
this Agreement, unless received by it in writing and signed by the Corporation
and the Subscriber and, if its duties herein are affected, unless it shall have
given its prior written consent thereto; 

(h)   the
Escrow Agent shall have the right, if in its sole discretion it deems it
necessary or desirable, to retain such independent counsel or other advisors as
it reasonably may require for the purpose of discharging or determining it
duties, obligations or rights hereunder, and may act and rely on the advice or
opinion so obtained; 

(i)   
the Escrow Agent shall have the right, if in its sole discretion it deems it
necessary or desirable, to seek advice and directions from a court of competent
jurisdiction with respect to its duties and obligations hereunder; 

(j)    the duties
and obligations of the Escrow Agent hereunder shall at all times be subject to
the orders or directions of a court of competent jurisdiction; and 

(k)   
the Escrow Agent is not a party to, and is not, bound by, the Subscription
Agreement and shall not, by reason of signing this Agreement, assume any
responsibility or liability for any transaction or agreement between the
Corporation and the Subscriber, other than the performance of its obligations
under this Agreement, notwithstanding any reference herein to such other
transactions or agreements. 

5.02          Interpleader 

The Escrow Agent shall be entitled to
deliver the Subscription Price into court by way of interpleader if any person,
whether or not a party hereto, sues or threatens to sue the Escrow Agent in
connection with the Subscription Price or the actions or omissions of any of the
parties hereunder including the Escrow Agent or if the Escrow Agent is unable or
unwilling to continue acting and there is no replacement escrow agent appointed
within three days after the written notice of resignation by the Escrow Agent or
in the event of any disagreement or apparent disagreement between the parties
hereto resulting in conflicting claims or demands with respect to the
Subscription Price or if any of the parties hereto, including the Escrow Agent,
are in or appear to be in disagreement about the interpretation of this
Agreement or about the rights and obligations of the Escrow Agent or the
propriety of an action contemplated by the Escrow Agent under this Agreement.
Upon the Escrow Agent making such delivery, the Escrow Agent shall be released
from all its duties and obligations under this Agreement. 

5.03          Representation of
<> 

The Corporation and the Subscriber,
each, acknowledges that Chitiz Pathak LLP is acting and will continue to be
entitled to act on behalf of <> in connection with a subscription for shares of
the Corporation by <> and in connection with other existing and future matters.
The Corporation and the Subscriber, each, agrees not to object, now or in
future, to such representation despite any dispute that may arise under this
Agreement. If Chitiz Pathak LLP determines it cannot continue to act in
accordance with this Agreement at the same time it pursues a retainer with <>,
provided that Chitiz Pathak LLP interpleads the Subscription Price or resigns as
Escrow Agent, no confidential information of any party to this Agreement or
state of knowledge which Chitiz Pathak LLP has acquired in its capacity as
Escrow Agent prior to such interpleader or resignation shall bar it from
continuing to act or to accept to retainers to act on behalf of <>. Furthermore,
the Subscriber and the Corporation acknowledge and confirm that Chitiz Pathak
LLP does not act as counsel to either of them in connection with this Agreement,
the Subscription Agreement or any
matter related or incidental thereto. 
[NTD: Information to be provided
prior to Closing.] 

ARTICLE 6 

FEES AND INDEMNIFICATION 

6.01         
Escrow Agent Fees 

The Corporation shall be responsible for payment of
the fees of the Escrow Agent in preparing this Agreement and performing its
duties hereunder. 

6.02         
 Indemnity

In consideration of the premises and
of the Escrow Agent agreeing to act hereunder, the Corporation and the
Subscriber jointly and severally covenant and agree to save, defend and keep
harmless and fully indemnify the Escrow Agent, its partners, employees and
agents, and their respective heirs, executors, administrators, successors and
assigns, from and against all losses, costs, liabilities, charges, suits,
demands, claims, damages and expenses of any nature which the Escrow Agent, its
successors or assigns, may at any time hereafter bear, sustain, suffer or be put
to for or by reason of or on account of its acting as escrow agent or anything
in any manner relating thereto or by reason of the Escrow Agent's compliance
with the terms hereof, except such as result solely and directly from its own
gross negligence or fraud. 

6.03
       
Not Obliged to Defend 

Without restricting the foregoing
indemnity, if proceedings are taken by arbitration or in any court respecting
the Subscription Price, the Escrow Agent shall not be obliged to defend or
otherwise participate in any such proceedings until it shall have such security
as the Escrow Agent determines, in its sole discretion, to be adequate for its
costs in such proceedings in addition to the indemnity set out above. 

ARTICLE 7 

GENERAL 

7.01         
Notices 

Any notice, certificate, consent,
determination or other communication required or permitted to be given or made
under this Agreement shall be in writing and shall be effectively given and made
if (i) delivered personally, (ii) sent by prepaid courier service, or (iii) sent
prepaid by fax or other similar means of electronic communication (excluding
e-mail) to the addresses set forth opposite to each party hereto’s signature.

Any such communication so given or
made shall be deemed to have been given or made and to have been received on the
day of delivery if delivered, or on the day of faxing or sending by other means
of recorded electronic communication, provided that such day in either event is
a business day and the communication is so delivered, faxed or sent prior to
5:00 p.m. (Toronto time) on such day. Otherwise, such communication shall be
deemed to have been given and made and to have been received on the next
following business day. Any such communication given or made in any other manner
shall be deemed to have been given or made and to have been received only upon
actual receipt. Any party hereto may from time to time change its address under
this Section 7.01 by notice to the other parties given in the manner provided by
this section. 

7.02         
Time of Essence 

Time shall be of the essence of this
Agreement in all respects. If the time limited for the performance or completion
of any matter under this Agreement expires or falls on a day that is not a
business day, the time so limited shall extend to the next following business
day. The time limited for performing or completing any matter under this
Agreement may be extended or abridged by an agreement in writing by the parties.

7.03         
Entire Agreement 

This Agreement, together with any
agreements, instruments, certificates and other documents contemplated to be
executed and delivered pursuant to this Agreement, constitutes the entire
agreement between the parties with respect to the subject matter of this
Agreement. 

7.04
        
Further Assurances 

Each party hereto shall, promptly do,
execute, deliver or cause to be done, executed and delivered all further acts,
documents and things in connection with this Agreement that another party may
reasonably require for the purposes of giving effect to this Agreement. 

7.05
        
Successors and Assigns 

This Agreement shall enure to the
benefit of, and be binding on, the parties and their respective successors and
permitted assigns. No party hereto may assign or transfer, whether absolutely,
by way of security or otherwise, all or any part of its respective rights or
obligations under this Agreement without the prior consent of the other parties.

7.06
        
Amendment 

No amendment of this Agreement will be effective
unless made in writing and signed by all the parties hereto. 

7.07
        
Waiver 

A waiver of any default, breach of
non-compliance under this Agreement is not effective unless in writing and
signed by the party to be bound by the waiver. No waiver shall be inferred from
or implied by any failure to act or delay in acting by a party in respect of any
default, breach or non-observance or by anything done or omitted to be done by
another party. The waiver by a party of any default, breach or non-compliance
under this Agreement shall not operate as a waiver of that party's rights under
this Agreement in respect of any continuing or subsequent default, breach or
non-observance (whether of the same or any other nature). 

7.08
        
Severability 

If any provision contained in this
Agreement or its application to any person or circumstance shall, to any extent,
be invalid or unenforceable, the remainder of this Agreement or the application
of such provision to persons or circumstances other than those to which it is
held invalid or unenforceable, shall not be affected, and each provision of this
Agreement shall be separately valid and enforceable to the fullest extent
permitted by law. 

7.09          
Counterparts 

This Agreement may be executed in any
number of counterparts, each of which shall be deemed to be an original and all
of which taken together shall be deemed to constitute one and the same
instrument. Counterparts may be executed either in original or faxed form and
the parties adopt any signatures received by a receiving fax machine as original
signatures of the parties. 

7.10         
Governing Law 

This Agreement shall be governed by and construed in
accordance with the laws of the Province of Ontario and the laws of Canada
applicable therein. 

[Signatures on following page.] 

 

 

 

 

IN WITNESS WHEREOF the parties hereto
have executed this Agreement as of the date first above written. 

	<>	 	INTELGENX INC.
	Attention: Mr. <>	 	 
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	Chitiz Pathak LLP	 	CHITIZ PATHAK LLP
	Barristers and
    Solicitors	 	 
	Suite 500, 154
    University Avenue	By:	 
	Toronto, Ontario	 	 
	M5H-3Y9	 	 
	 	 	 
	Attention: Manoj
    Pundit	 	
    Name:
	Facsimile: (416)
    368-0300	 	Title:
	 	 	 
	 	By:	 
	 	 	
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	 	 	Title:
	 	 	 

 

SCHEDULE "F"

 INTELLECTUAL PROPERTY 

	
    No.	
    Patent/Application No.	
    Title	
    Date

    submitted/issued
	
    1	
    US 6,231,957	
    Rapidly Disintegrating Flavor Wafer
    for Flavor Enrichment	
    05/2001
	
    2	
    US 6,660,292	
    Rapidly Disintegrating Film for
    Precokked Foods	
    12/2003
	
    3	
    US Appl. 10/123,142	
    Flavored Film	
    04/2002
	
    4	
    US Provisional Appl.

    Att. Docket No. INT34 PP-305	
    Multilayer Tablet	
    12/2005
	
    5	
    US Provisional Appl. 60/748,298	
    Multi-Vitamin And Mineral Supplement	
    12/2005
	
    6	
    US Provisional Appl.

    Att. Docket No. 11836-002	
    Delayed Release Pharmaceutical Oral
    Dosage Form And Method Of Making Same	
    12/2005fsb20707ex10x_celsius.htm

    Exhibit
      10.10

    July
      19,
      2007

    

    Celsius
      Holdings, Inc.

    140
      NE
      4th Avenue,
      Suite C

    Delray
      Beach, FL 33483

    

    Attention:
      Steve Haley, President

    

    Re:           Letter
      Agreement regarding Registration Rights

    

    Dear
      Steve:

    

    Reference
      is made to that certain
      Registration Rights Agreement dated as of January 24, 2007 by and among Celsius
      Holdings, Inc. (the "Company"), Investa Capital Partners Inc., those subscribers
      whose names and signatures appear on the signature pages to the agreement,
      John
      T. Nugent, Anthony J. Baudanza and Gregory T. Horn (the "Registration Rights
      Agreement") and the notice of exercise of our piggy-back registration rights
      thereunder dated July 18, 2007 (the "Exercise Notice").

    

    The
      parties to this letter agreement
      hereby acknowledge and agree that the inclusion of 2,500,000 Registerable
      Securities (as defined in the Registration Rights Agreement) owned by John
      T.
      Nugent and 2,500,0000 Registerable Securities owned by Anthony T. Baudanza
      in
      the registration statement on Form SB-2 (the "Fusion Registration Statement")
      that the Company plans to file with the Securities and Exchange Commission
      ("SEC") registering under the Securities Act of 1933, as amended (the
      "Securities Act"), shares of the Company's common stock to be issued to Fusion
      Capital Fund II, LLC and its affiliates ("Fusion"), will satisfy the requirement
      for filing an initial registration statement set forth in Section 2.1 of the
      Registration Rights Agreement and the Exercise Notice with respect to the
      Registerable Securities owned by John T. Nugent and Anthony J.
      Baudanza.  The parties hereto also agree and acknowledge that all
      Registerable Securities owned by John T. Nugent and Anthony J. Baudanza not
      registered by the Fusion Registration Statement once it becomes effective (i)
      will continue to have the piggy back registration rights set forth in Section
      2.2 of the Registration Rights Agreement and (ii) will be subject of demand
      registration rights granted by the Company in favor of John T. Nugent and
      Anthony J. Baudanza, as described in more detail below.

    

    Each
      of John T. Nugent and Tony J.
      Baudanza may request registration under the Securities Act of the sale of all
      or
      any portion of their remaining Registerable Securities (a "Demand Registration")
      by the Company, such request notice to be given to the Company in writing.
      Within 30 days of the date the Company has received the Demand Registration
      request, and subject to the terms of the Registration Rights Agreement, the
      Company shall file a Registration Statement with the SEC including all
      Registerable Securities subject to the Demand Registration request. The Company
      shall not be obligated to effect for the benefit of John T. Nugent and Anthony
      J. Baudanza more than two Demand Registrations.  All other terms of
      these Demand Registration rights shall be as set forth under the Registration
      Rights Agreement, including Sections 2.3, 2.4, 2.5, 2.6, 3, 4, 5, 6, 7, 8,
      9,
      10, 11 and 13 thereof.

     

    Please
      acknowledge your agreement with
      the terms of this letter by countersigning below and returning a countersigned
      copy to John T. Nugent.

    

    Sincerely,

    

    /s/:
      John T. Nugent

    John
      T.
      Nugent

    Agreed
      and Acknowledged this 19th day
      of July, 2007

    /s/:
      Anthony J.
      Baudanza                                                       CELSIUS,
      INC.

    Anthony
      J.
      Baudanza                                                              By:  /s/:
      Steve Haley

    Name:   
Steve
      Haley

    Title:      CEO

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