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Consulting Agreement

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Sectors: Health Products and Services
Governing Law: United States
Effective Date: February 01, 2001
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EXHIBIT 10.26


CONSULTING AGREEMENT
--------------------


This Consulting Agreement (the "Agreement") effective as of February 1, 2001, by and between Antares Pharma, Inc., (hereinafter referred to as "Principal") 161 Cheshire Lane, Suite 100, Minneapolis, MN 55441 USA, and JG Consulting AG, Hauptstrasse 16, P.O. Box 333, CH-4132, Muttenz, Switzerland (hereinafter referred to as "Consultant") (both, Principal and Consultant hereinafter sometimes referred to as "Party" or "Parties", respectively).


WHEREAS, Consultant has experience in and offers consulting services in the areas of Marketing, Promotion, Financing, Investor Relations, Business Development, License Negotiations and Joint Ventures Activities; and


WHEREAS, Principal is interested in utilizing such consulting services of Consultant in the USA, Switzerland and France (such countries hereinafter collectively referred to as the "Territory") in accordance with the terms and under the conditions set forth below;


NOW THEREFORE the Parties agree as follows:


1. Services of Consultant
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1.1 Generally. During the term of this Agreement Consultant shall provide
services to Principal in the area of Principal's interests in the
Territory, such services to include without limitation (i) the promotion
of Principal's pharmaceutical technology to suitable companies located in
the Territory; and (ii) the follow-up of leads generated from Principal's
other commercial activities (congresses, ad-hoc contacts etc.); and (iii)
to assist Principal in negotiations of development and licensing
contracts with potential customers in the Territory; and (iv) to assist
and advise Principal in potential acquisitions in the Territory; and (v)
to assist the Principal in its funding and financing activities, in
particular to locate potential investors and to negotiate with such
investors, and (vi) to advise Principal in all aspects of doing business
in the Territory, in particular to maintain the awareness of, and up-date
Principal regularly, on competitive activities, market conditions and the
regulatory environment which may have an effect on Principal's business
activities in the Territory.


1.2 Personnel. Services of Consultant will be provided by Dr. Jacques Gonella
and by other qualified managers and employees of Consultant (hereinafter
"Employees").


Dr. Jacques Gonella. Services provided by Dr. Jacques Gonella shall
include assistance to Principal for marketing, promotion, financing,
investor relations, business development, license negotiations, joint
venture activities and potential acquisitions.


Managers and other Employees. Services provided by the other Managers and
Employees shall consist of assistance to Principal for organizational and
administrative functions and assistance in business development.


1.3 Reporting. Consultant shall report on its services, activities and
contacts under this Agreement by providing Principal oral or written
summary reports from time to time.


2. Consideration
-------------


2.1 During the term of this Agreement, Principal shall pay to Consultant as
consideration for the services to be provided under this Agreement a
monthly flat fee of USD 4'500.- (four-thousand-five-hundred US Dollars)
for all the services rendered by Dr. Jacques Gonella and USD 11'000.-
(eleven-thousand US Dollars) for the services rendered by the other
managers and employees (both fees the ,,Monthly Fees"), payable each
month in arrears by bank transfer to the Consultants bank account
specified by Consultant from time to time. The Monthly Fees shall be
revised by the Parties by mutual agreement on the basis of the actual
activity and performance of the Consultant at the end of the Initial Term
(as defined in Section 6.1 below), and thereafter upon the end of each
Subsequent Term (as defined in Section 6.2 below)


2.2 In addition to the Monthly Fees referred to above, Principal undertakes
to reimburse to Consultant monthly in arrears all reasonable travel,
accommodation, mobile phone (line rental and call charges) and other
out-of-pocket expenses incurred by Consultant in connection with
providing services under this Agreement, upon presentation of respective
receipts, all to the extent that all such expenses have been incurred in
line with Principal's usual policy and are within an expense budget
agreed upon by the Parties from time to time, or have been approved by
Principal in advance.


2.3 For the avoidance of doubt, Consultant hereby acknowledges and agrees
that the Monthly Fees and the reimbursement of expenses in accordance
with Sections 2.1 and 2.2 above shall be the total and sufficient
remuneration of


2


Consultant under this Agreement, and that no other payments are due to
Consultant by Principal under this Agreement (includin
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