Abstract
Exponential small splitting of separatrices in the singular perturbation theory leads generally to nonvanishing oscillations near a saddle-center point and to nonexistence of a true homoclinic orbit. It was conjectured long ago that the oscillations may vanish at a countable set of small parameter values if there exist a quadruplet of singularities in the complex analytic extension of the limiting homoclinic orbit. The present paper gives a rigorous proof of this conjecture for a particular fourth-order equation relevant to the traveling wave reduction of the modified Korteweg-de Vries equation with the fifth-order dispersion term.