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ANTARES PHARMA, INC.

JACK E. STOVER

EMPLOYMENT AGREEMENT

THIS AGREEMENT,  made and entered
into effective as set forth in this Agreement by and between Antares Pharma,  Inc. a
Minnesota corporation, (the "Company"), and Jack E. Stover (the "Officer").               WITNESSETH:
              WHEREAS, the Company desires to employ the Officer in the capacity as set forth in
this Agreement; and               WHEREAS, the Officer is willing to accept employment on the terms and
conditions as set forth in this Agreement.               NOW, THEREFORE, IN CONSIDERATION of the
premises and of the mutual promises and covenants contained herein, the  Company and the Officer hereby agree
as follows:

1.       
          Employment.

| | (a)       
               The Company shall employ the Officer, and the Officer shall accept such
               employment as its President and Chief Operating Officer
               (COO), during the term specified in Section 2. The Officer
               shall perform such duties and render such services consistent with his position
               as from time to time may be requested of him by the Chief Executive Officer (the
               CEO) or Board of Directors of the Company (the
               Board). The Officer shall report to the CEO.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       

             During the term of this Agreement, the Officer may not, without the prior
               written consent of the Company, operate, participate in the management,
               operations or control of, or act as an employee, officer, consultant, agent or
               representative of, any type of business or service (other than as an employee of
               the Company). It shall not be deemed a violation of the foregoing for the
               Officer to (i) act or serve as a director, trustee or committee member of any
               civic or charitable organization; (ii) manage his personal, financial and legal
               affairs; or (iii) serve as a director of an organization that is not a civic
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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| | or charitable
organization with the consent of the Board, which consent shall not                be
unreasonably withheld, in all cases so long as such activities (described in
               clauses (i), (ii) and (iii)) do not interfere with or constitute a
conflict of                interest to the performance of his duties and responsibilities
to the Company as                provided hereunder. As of the Start Date, the activities
listed on Schedule A                are approved under this Section 1(b).
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
               During the term of this Agreement, the Officer shall be invited to meetings of
               the Board. The Officer may during the term of this Agreement be asked by the
               Board to assume the position of Chief Executive Officer (the CEO),
               reporting to the Board. The Board shall nominate him for a position on the Board
               as soon as reasonably practicable after he assumes the CEO position. Except as
               otherwise specifically set forth in this Agreement, all other terms and
               conditions of this Agreement shall remain in effect after such assumption.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)       
               The Company shall indemnify, hold harmless and defend the Officer for his
               actions as an employee of the Company to the fullest extent possible under the
               laws of Minnesota.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2.          Term. The effective date of this Agreement shall be
               the later of the date that the Officer signs this Agreement or the date the Officer
begins working for the Company as an employee (Start Date). The term of
the Agreement shall be the period commencing on the Start Date and ending on the third
anniversary of such date. The Agreement shall automatically renew for successive one-year
periods unless at least 90 days prior to the end of a period, the Company shall give
notice to the Officer that the Agreement shall not be so extended. This Agreement may be
sooner terminated in the manner hereinafter provided. The date that the Officer ceases
performing services for the Company under this Agreement shall be the Termination
Date.

3.       
            Compensation.

| | (a)       
               Base Salary. The Officers salary will be $250,000 per year, payable
               in accordance with the Companys normal payroll practices (the
               Base Salary). During the term hereof, the Officers Base
               Salary shall be reviewed annually (by the CEO while the Officer serves as
               President and COO) and may be increased (but not decreased) with the approval of
               the Compensation Committee of the Board (Compensation
               Committee)
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2

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| | based upon the performance of the Officer and the Company.
               If and for any period during which the Officer assumes the position of CEO, the
               Officers Base Salary shall be at least $300,000 per year.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               Bonus. For each calendar year in which the Company employs the Officer,
               the Officer shall be eligible to receive a target annual bonus of at least 30%
               with a maximum of 45% of his Base Salary for the calendar year, the exact amount
               to be established (while the Officer serves as President and COO) by the CEO
               with the approval of the Compensation Committee (the Annual
               Bonus). The Annual Bonus shall be payable based upon achieving
               business objectives to be determined (while the Officer serves as President and
               COO) by the CEO in consultation with the Officer and approved by the
               Compensation Committee. The business objectives shall be made available to the
               Officer in writing before the beginning of each calendar year. Provided,
               however, for 2004 the Officers bonus shall be a guaranteed amount of a pro
               rata portion of $75,000, based on the number of days remaining in 2004 from and
               after the Start Date. Any Annual Bonus earned by the Officer shall be paid
               within 30 days following the completion of the certified audit of the Company
               for the year for which an Annual Bonus is earned.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
               Stock Grant. Effective as of the Start Date, the Officer shall be issued:
               (i) 50,000 shares of Common Stock, $.01 par value (Stock) in
               which the Officer shall be 100% vested on issuance and (ii) an additional 50,000
               shares of Stock in which the Officer shall become 100% vested on the first
               anniversary of the Start Date, but only if the Officer is still employed by the
               Company as of such date.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)       
               Stock Options. Effective as of the Start Date, the Officer shall be
               granted an option to purchase 500,000 shares of Stock and effective January 2,
               2005, an option to purchase 40,000 shares of Stock at an option exercise price
               equal to the fair market value of such Stock as determined by the Board on the
               date of grant (the Options). The Options shall have a term of
               no less than five years and shall vest over a period of four years from the
               Start Date with 18.50% of the grant vesting on the two hundred seventieth
               (270th) day following the Start Date and the balance vesting pro-rata
               on a monthly basis thereafter, but only if the Officer is still employed by the
               Company as of an applicable vesting date. The
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| | Options shall be incentive stock
               options to the extent that they so qualify and nonqualified stock options to the
               extent that they cannot so qualify.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (e)       
               Additional Stock Grants. Subject to the Officers being in the
               employ of the Company as its President and COO (or CEO) at the time of the
               applicable event listed in this Section 3(e), the Company shall issue to the
               Officer the following number of shares of Stock on the following events, said
               shares to be 100% vested on issuance:
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Trigger Event                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | No. of Shares                              
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------
|1. On attainment of a price per share of Stock of
$1.40 (double the closing price of a share of Stock
on the Start Date), sustained for at                 least 50 trading
                days in a consecutive 60 trading-day period

                2. On attainment of gross revenues (net of returns)
(as determined under generally accepted accounting
principles consistently applied,                 said determination
to be made by the certified public accountants who
audit the books of the Company for the year) in excess of                 $10 million for the Company's fiscal year,
excluding extraordinary items
                
3. On the first to occur of (a) attainment of
profitability of the Company for four consecutive
calendar quarters, or (b) gross revenues (net                 of
returns) in excess of $20 million for the Company's
fiscal year, excluding extraordinary items, in either
case said determination to be                 made by the certified
public accountants who audit the books of the Company
for the year; profitability shall mean an excess of revenue                
 over expenses determined under generally
accepted accounting principles consistently applied
without regard to extraordinary items | 86,666 shares

86,666 shares

86,667 shares

4

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| | (f)       
               Stretch Equity Grant. Subject to the Officers being in
               the employ of the Company as its President and COO (or CEO) at the time of the
               applicable event, the Officer will be granted an additional 200,000 shares of
               Stock based upon the achievement of a goal to be determined within six months of
               the Start Date by the CEO in consultation with the Officer and approved by the
               Compensation Committee, said shares to be 100% vested on issuance.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (g)       
               Other Equity Grant Provisions.
| | --------------------------------------------------------

| | (i)       
               Any Stock issued under this Agreement will be subject to the terms of any plan
               under which it is granted. Any option will be subject to the terms of any plan
               under which it is granted and the option agreement to be executed by the Officer
               and the Company.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (ii)       
               Except as expressly provided in this Agreement all unvested options shall be
               deemed immediately forfeited by the Officer upon any termination of the
               Officers employment pursuant to Section 4, other than Section 4(e) below.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (iii)      
               Effective immediately upon the Officers becoming eligible for any payment
               under Section 4(e)(iii) below, the Company shall have no further obligations
               under this Section 3 to grant Stock to the Officer upon the occurrence of any of
               the Trigger Events under Section 3(e) or under the Stretch equity
               grant under Section 3(f).
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (iv)      
               The Officer shall also be entitled to participate in any other grants as
               determined by the Board or Compensation Committee, which grants shall be subject
               to the terms of any plan under which they are granted and the grant agreement to
               be executed by the Officer and the Company. All of the foregoing documents are
               hereby incorporated by reference.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (v)       
               The Board shall be entitled to withhold the issuance of shares, including
               unrestricted shares otherwise payable under this Agreement unless and until the
               Officer has paid or provided for payment of any federal, state or local income
               or other tax withholding as the Company determines.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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| | (vi)      
               The number of shares of Stock subject to issuance under this Agreement shall be
               adjusted on the same events and in the same manner as shares of Stock are
               adjusted for similar events under the Antares Pharma, Inc. 2001 Incentive Stock
               Option Plan for Employees, as amended from time to time.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (vii)      
               If at any time the Company proposes to register under the Securities Act of 1933
               (the 1933 Act) (except by a Form S-4 or Form S-8 Registration
               Statement or any successor forms) or qualify for a public distribution under
               Section 3(b) of the 1933 Act, any of its equity securities or debt with equity
               features, it will give written notice to the Officer of its intention to do so
               and, on the written request of the Officer given within twenty days after
               receipt of the notice, the Company will use its best efforts to cause the shares
               of Stock then held by him and not covered by an effective registration statement
               requested to be included in the registration (Registerable
               Shares) to be included in the registration statement proposed to be
               filed by the Company; provided, however, that nothing herein shall prevent the
               Company from, at any time, abandoning or delaying any registration. If any
               registration pursuant to this Section 3(g)(vii) is underwritten in whole or in
               part, the Company may require that the Registerable Shares be included in the
               underwriting on the same terms and conditions as the securities otherwise being
               sold through the underwriters. If a greater number of Registerable Shares is
               offered for participation in the proposed offering than in the reasonable
               opinion of the managing underwriter of the proposed offering can be accommodated
               without adversely affecting the proposed offering, then the number of
               Registerable Shares proposed to be offered for registration, as well as the
               number of securities of any other selling shareholders participating in the
               registration, shall be proportionately reduced to a number deemed satisfactory
               by the managing underwriter. The Company shall bear the following fees, costs,
               and expenses associated with the inclusion of Registerable Shares in a
               registration statement: all registration, filing and NASD fees, printing
               expenses, fees and disbursements of counsel and accountants for the Company,
               fees and disbursements of counsel for the underwriter or underwriters of such
               securities (if
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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| | the offering is underwritten and the Company is required to bear
               such fees and disbursements), all internal expenses, the premiums and other
               costs of policies of insurance against liability arising out of the public
               offering, and legal fees and disbursements and other expenses of complying with
               state securities laws of any jurisdictions in which the securities to be offered
               are to be registered or qualified. Fees and disbursements of special counsel and
               accountants for the Officer, underwriting discounts and commissions, and
               transfer taxes for the Officer and any other expenses relating to the sale of
               Registerable Shares by the Officer not expressly included above shall be borne
               by the Officer.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (h)        Vacation/PTO. The Officer shall be entitled to five
               weeks of vacation/PTO each calendar year,
 commencing
as of the Start Date, prorated in respect of any period of employment of less than 12
months in a calendar year. Such paid time off may be carried over from year to year to the
extent permitted in accordance with standard Company policy (provided the Officer shall
not be permitted to accrue more than 12 weeks of paid time off) and shall be paid to the
extent accrued (and to the extent not used) as of a Termination Date. In addition, the
Officer shall be entitled to all other paid time off in the form of Company holidays and
sick leave (if sick leave is not included in PTO) that is provided to employees generally.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (i)       
               Employee Benefits. The Officer will be entitled to participate in the
               employee benefit plans currently and hereafter maintained by the Company of
               general applicability to other senior executives of the Company, which may
               include, without limitation, group medical, dental, disability, life insurance,
               and flexible-spending account plans, to the extent that the Officer meets the
               eligibility and participation requirements of such plans. The Company reserves
               the right to cancel or change the benefit plans and programs it offers to its
               employees at any time.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (j)       
               Expense Reimbursement. The Company shall promptly pay or reimburse the
               Officer for all reasonable business expenses incurred or paid by the Officer
               associated with the performance of duties described in this Agreement to the
               extent consistent with the Companys policies as in effect from time to
               time.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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| | (k)      
               Automobile Allowance. Recognizing that the Officer will be required to
               drive in connection with his duties under this Agreement, the Company shall
               provide the Officer with an allowance of $800 per month which amount can be
               applied to a lease of an automobile of the Officers choosing or can be
               paid to the Officer as reimbursement for expenses and depreciation associated
               with the Officers ownership and maintenance of an automobile.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (l)       
               Signing Bonus. The Officer shall receive a signing bonus of $20,000 as of
               the first payroll date occurring at least one week after the Start Date.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (m)      
               Withholding. The Company shall be entitled to withhold from the
               Officers compensation, or otherwise provide for, all federal, state or
               local income or other taxes which the Company determines are required to be
               withheld on amounts payable to the Officer pursuant to this Agreement or
               otherwise.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

4.      Termination
of Employment.

| | (a)       
               Termination for Cause. The Officers employment hereunder shall
               terminate immediately upon notice that Company is terminating the Officer for
               Cause (as defined herein). If the Officers employment with the Company is
               terminated for Cause, all compensation described in Section 3 of this Agreement
               shall terminate as of the Termination Date (except as to amounts already
               earned).
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (i)       
          For purposes of this Agreement, Cause shall mean:
| | ------------------------------------------------------------------------

(A)    
          Knowing dishonesty or fraud committed in connection with the Officers
          employment;

(B)     Theft, misappropriation or embezzlement of Companys funds;

(C)     


           Conviction of or a plea of guilty or nolo contendere to any felony, a
          crime involving fraud or misrepresentation, or any other crime (whether or not                                                           
          connected with his employment) the effect of which is likely to adversely affect
          the Company or its affiliates; or

(D)     


           A material breach by the Officer of any of the provisions or covenants set
          forth in this Agreement;

8

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| | Provided,
however, that a termination shall not be considered to be for Cause unless the Board
determines Cause to exist after the Board has given notice to the Officer identifying the
specific matters that constitute Cause and after the Board has given the Officer the
opportunity to address the Board with respect to the matters. The Officer shall recuse
himself from voting as a Board member with respect to any finding of Cause.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               Voluntary Resignation Without Good Reason. The Officer may voluntarily
               terminate his employment at any time upon 30 days advance notice to the Company.
               If the Officer voluntarily resigns his employment without Good Reason (as
               defined herein), all compensation described in Section 3 of this Agreement shall
               terminate as of the Termination Date (except as to amounts already earned),
               regardless of whether sufficient notice of termination was given.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (i)        
               For purposes of the Agreement, Good Reason shall mean:                     (A)     a
               decrease in the Base Salary of the Officer;
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(B) | a decrease in the minimum target annual bonus below 30% or a decrease in the
          maximum target annual bonus below 45% of Base Salary for the       calendar year;
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(C) | a change in the designation of title from President and Chief Operating Officer
          of the Company or successor entity, unless such change is to a        higher title and
          level of responsibility such as Chief Executive Officer and in the event of such
          higher title and level of responsibility, a       subsequent change in the designation
          of such new title;
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(D) | a change in the CEO of the Company from the present CEO unless the Officer has
          been offered the position under this Agreement;
|--- | ----------------------------------------------------------------------------------------------------------------------------------------

|(E) | a Company-required relocation of the Officers place of residence or
          refusal to pay travel and living expenses if the Officers place of
          residence does       not change in response to a Company request; or
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

9

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|(F) | a material breach by the Company of any of the provisions or covenants set
          forth in this Agreement;
|--- | -------------------------------------------------------------------------------------------------------------

| | provided,
however, that a termination shall not be considered to be for Good Reason unless the
Officer terminates employment within 60 days of the event that constitutes Good Reason and
identifies the specific event that constitutes Good Reason in a notice of termination to
the Company.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
               Termination Without Cause or for Good Reason. If during the term of this
               Agreement the Company discharges the Officer without Cause or the Officer
               terminates employment for Good Reason, then, subject to Sections 4(f)(v)-(vii)
               and 5 and the Officer signing and not revoking a standard release of claims
               relating to the Officers employment with the Company and/or the
               termination of such employment in a form acceptable to the Company (among other
               claims, such release not to include claims the Officer may have in his capacity
               as a shareholder of the Company or any claim for indemnification based on the
               covenant set forth in Section 1(d) hereof), the Officer shall be entitled to (i)
               the compensation payable in accordance with the provisions of Section 3(a) of
               this Agreement for a period of 12 months following the Termination Date, (ii)
               the Company paying the Company-subsidized premiums for major medical and dental
               benefits that can be continued for the Officer during the period that
               compensation under Section 3(a) is paid following the Termination Date, but only
               if the Officer is permitted to and elects to continue such benefits; and (iii)
               for the 90-day period following Termination Date, the Officer shall be
               considered actively employed in good standing pursuant to this Agreement for
               purposes of the equity grants set forth in Section 3(e) and Section 3(f).
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)       
               Death or Disability.
| | ----------------------------------------------

| | (i)       
               The term of employment of the Officer shall terminate on the death of the
               Officer. At the option of the Company, the Officers employment with the
               Company shall terminate upon notice to the Officer, if the Officer shall fail to
               render and perform the services required of him under this Agreement because of
               Disability (as defined herein). Upon a termination of the Officers
               employment with the Company because of death or Disability, the Officer shall be
               entitled to
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

10

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| | receive the same benefits (subject to the same conditions) he would
               have received had he been terminated without Cause or for Good Reason as
               provided for in Section 4(c).
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (ii)       
               For purposes of this Agreement, Disability shall mean such
               physical or mental illness or incapacity of the Officer as shall (A) prevent him
               from substantially performing his customary services and duties to the Company,
               and (B) continue for periods aggregating more than three months in any 12-month
               period. The Company shall determine whether there is a Disability after
               consultation with a qualified, independent physician. The Officer shall
               cooperate with the Company, including making himself reasonably available for
               examination by physicians at the Companys request, to determine whether or
               not he has a Disability. The Officers failure (other than a failure caused
               by the Disability) to cooperate with the Company in a determination of
               Disability shall be treated as the Officers voluntary resignation from the
               Company without Good Reason.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (e)       
          Termination Following a Change in Control.
| | ---------------------------------------------------------------

| | (i)       
               If a Change in Control (as defined herein) occurs, and if the Officer
               voluntarily terminates his employment without Good Reason within 30 days
               following the closing of the transaction that constitutes the Change in Control,
               then the provisions of Section 4(e)(iii) below shall apply. If a Change in
               Control occurs and if the employer that survives the Change in Control requests
               the Officer to remain employed with the surviving employer for a transition
               period (not to exceed one year), then if the Officer remains employed as
               requested and voluntarily terminates his employment without Good Reason within
               30 days following the close of the requested period of employment, the
               provisions of Section 4(e)(iii) below shall apply. If a Change in Control
               occurs, and if the surviving employer terminates the Officers employment
               without Cause within 30 days following the closing of the transaction that
               constitutes the Change in Control, then the provisions of Section 4(e)(iii)
               below shall apply. If none of the foregoing provisions of this subsection (i)
               applies, then the other provisions of
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

11

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| | Section 4 (to the extent applicable) shall
               apply to terminations of employment that occur after a Change in Control.
| | -----------------------------------------------------------------------------------------------------------------------------------

| | (ii)       
               If a Change in Control (as defined herein) occurs, then (A) all outstanding
               options held by the Officer shall immediately vest and become exercisable and
               (B) all restricted stock (other than the restricted stock issued under Section
               3(c)(ii)) held by the Officer shall vest.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (iii)      
               If the provisions of this subsection (iii) shall apply then, subject to Sections
               4(f)(v)-(vii) and 5 and the Officer signing and not revoking a standard release
               of claims relating to the Officers employment with the Company and/or the
               termination of such employment in a form acceptable to the Company (among other
               claims, such release not to include claims the Officer may have in his capacity
               as a shareholder of the Company or any claim for indemnification based on the
               covenant set forth in Section 1(d) hereof), the Officer shall be entitled to (A)
               the compensation payable in accordance with the provisions of Section 3(a) of
               this Agreement for a period of 12 months following the Termination Date; (B) the
               surviving employer paying the employer-subsidized premiums for major medical and
               dental benefits that can be continued for the Officer during the period that
               compensation under this subsection (iii) is paid following the Termination Date,
               but only if the Officer is permitted to and elects to continue such benefits;
               and (C) that portion of the Annual Bonus otherwise payable under Section 3(b)
               for the year in which the Termination Date occurs based on the ratio of the
               number of days in the calendar year that occurs on or before the Termination
               Date to the total number of days in the calendar year in which the Termination
               Date occurs, as determined in good faith by the surviving employer.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (iv)       
               If in connection with a Change in Control, as defined herein, the value of the
               Company is at least $75 million, as determined by the Board in good faith, then
               immediately before the closing of the transaction that results in the Change in
               Control (but contingent on the closing of that transaction), the Officer shall
               be issued the difference between (A) 260,000 shares of Stock, and (B) that
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

12

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| | number of shares of Stock previously issued to the Officer under Section 3(e) or
               (f). All such issued shares shall be 100% vested on issuance.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (v)       
               For purposes of this Agreement, Change in Control means (A)
               an acquisition by an individual, entity or group (excluding a corporation
               controlled by the existing shareholders of the Company as of such date) of 50%
               or more of the Companys then outstanding voting stock or voting
               securities, but excluding any sale of stock directly by the Company to a
               third-party investor; (B) a merger or consolidation of the Company, other than a
               merger or consolidation in which the shareholders immediately prior to such
               transaction hold at least 50% of the common interests and voting securities of
               the resulting company after the merger or consolidation, but excluding a
               transaction effected merely to reincorporate the Company into another
               jurisdiction; or (C) a sale of all or substantially all of the assets of the
               Company to a purchaser other than an entity in which the existing shareholders
               immediately prior to the sale hold at least 50% of the common interests and
               voting securities after the sale.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (vi)       
               The Company shall not consolidate with or merge into any other entity, or sell,
               transfer or dispose of all or substantially all of its assets to another entity,
               unless such other entity shall assume this Agreement in a signed writing
               delivered to the Officer. Upon such assumption, the successor entity shall
               become obligated to perform the obligations of the Company under this Agreement
               and the term Company as used in this Agreement shall be deemed to
               refer to the successor entity.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

13

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| | (f)       
          Provisions Applicable to all
               Terminations.
| | ------------------------------------------------------------------------------

| | (i)       
               All payments made to the Officer or his estate after the Termination Date shall
               be subject to federal, state or local income or other tax withholding as the
               Company determines. All payments of Base Salary, Annual Bonus, and expense
               reimbursement made to the Officer or his estate after the Termination Date shall
               be made in accordance with the Companys customary payroll and
               reimbursement practices with respect to such items.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (ii)      
               The Officer shall be entitled to continue health and other benefits after the
               Termination Date to the extent and in the manner required by law and permitted
               under the terms of the particular benefit plan. The Officer shall be required to
               elect any such coverage and to pay the expense of such continuation coverage
               except to the extent provided in this Agreement.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (iii)     
               The Officer shall be entitled to reimbursement for expenses incurred through the
               Termination Date, regardless of the reason for the Termination.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (iv)     
               The Officer shall be deemed to have resigned from the Board of the Company and
               from any officer or comparable position with the Company as of the Termination
               Date, unless otherwise agreed to by the Board of Directors.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (v)       
               Promptly after the Termination Date (and in all events within five days of the
               Termination Date), the Officer shall return to the Company all property of the
               Company, including but not limited to, any office, computing or communications
               equipment (e.g., laptop computer, facsimile machine, printer, cellular phone,
               etc.) that he has had or has been using, and any business or business related
               files that he has had in his possession. The Officer shall also remove from any
               personal computing or communications equipment all information relating to the
               Company.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (vi)      
               The Officer will not make any disparaging or negative remarks, either oral or in
               writing, regarding the Company, or any of its current or former owners,
               partners, officers, agents, assigns, directors, employees or representatives,
               either individually or in any representative capacity. The Company will not make
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

14

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| | any disparaging or negative remarks, either oral or in writing, regarding the
               Officer.
| | -----------------------------------------------------------------------------------------------------

| | (vii)     
       The Officer shall provide the Company with reasonable assistance after the
               Termination Date with respect to actual or threatened legal, administrative, or
               other proceedings involving the Company. The Officer shall be reimbursed for
               reasonable expenses, including reasonable attorneys fees associated with
               such assistance, but shall not be compensated for his time.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (viii)     
                    The Officer agrees and acknowledges that the Officers right to receive
                    severance payments set forth in Section 4 (to the extent the Officer is
                    otherwise entitled to such payments) shall be conditioned upon the Officer
                    meeting the requirements of this Agreement, including the obligations under
                    Section 4(f)(v)-(vii) and Section 5.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (ix)       
                    Payments under this Agreement shall be made without regard to whether the
                    deductibility of such payments (or any other payments) would be limited or
                    precluded by Section 280G of the Internal Revenue Code of 1986 (the
                    Code) and without regard to whether such payments would
                    subject the Officer to the federal excise tax levied on certain excess
                    parachute payments under Section 4999 of the Code; provided, however, that
                    if the Total After-Tax Payments (as defined below) would be increased by the
                    limitation or elimination of any amount payable under this Agreement, then
                    amounts payable under this Agreement will be reduced to the extent necessary to
                    maximize the Total After-Tax Payments. The determination of whether and to what
                    extent payments under this Agreement are required to be reduced in accordance
                    with the preceding sentence will be made at the Companys expense by an
                    independent, certified public accountant selected by the Officer and reasonably
                    acceptable to the Company. In the event of any underpayment or overpayment under
                    this Agreement (as determined after the application of this Section 4(f)(ix)),
                    the amount of such underpayment or overpayment will be immediately paid by the
                    Company to the Officer or refunded by the Officer to the Company, as the case
                    may be. For purposes of this Agreement, Total After-Tax
                    Payments means the
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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| | total of all parachute payments (as
                    that term is defined in Section 280G(b)(2) of the Code) made to or for the
                    benefit of Officer (whether made hereunder or otherwise), after reduction for
                    all applicable federal taxes (including, without limitation, the tax described
                    in Section 4999 of the Code).
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

5.         
          Confidential Information. The Officer agrees to enter into the
          Companys standard Confidential Information and Invention Assignment
          Agreement (the Confidential Information Agreement) upon
          commencing employment hereunder. The Officer hereby agrees that, during the term
          of the Agreement and thereafter, he will hold in strict confidence any
          proprietary or Confidential Information related to the Company and its
          affiliates, except that he may disclose such information pursuant to law, court
          order, regulation or similar order. For purposes of this Agreement, the term
          Confidential Information shall mean all information of the
          Company or any of its affiliates (in whatever form) which is not generally known
          to the public, including without limitation any inventions, processes, methods
          of distribution, customer lists or customers or trade secrets. The Officer
          hereby agrees that, upon the termination of this Agreement, he shall not take,
          without the prior written consent of the Company, any document (in whatever
          form) of the Company or its affiliates, which is of a confidential nature
          relating to the Company or its affiliates, or, without limitation, relating to
          its or their methods of distribution, or any description of any formulas or
          secret processes and will return any such information (in whatever form) then in
          his possession.

The
Officer shall promptly, but in no event later than five days after the earlier of
accepting an offer of employment or commencing any employment during the 12 month period
following the Termination Date, inform the Company of the identity of the Officers
employer. The Officer shall at the same time inform the Officers new employer of the
Officers obligations and restrictions under this Section 5 and shall give notice to
the Company of the Officers fulfillment of that obligation.

6.         
          Non-Assignability; Binding Agreement. The Officer may not assign this
          Agreement nor any right, obligation, or interest hereunder without the prior
          written consent of the Company; provided, however, that nothing in this
          Agreement shall preclude the Officer from designating any beneficiaries to
          receive any benefits payable hereunder upon his death, or the executors,
          administrators, or other legal representatives of his estate from assigning any
          rights hereunder to the

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person or persons entitled thereto, consistent with the
          terms of any relevant plans. This Agreement shall be binding upon, and inure to
          the benefit of, the parties hereto, and the Officers heirs, permitted
          assigns, and the personal representative of the Officers estate.

7.         
          Entire Agreement; Amendment; Waiver. This Agreement, together with the
          Confidential Information Agreement, any stock plan, and any option agreement,
          constitute the entire agreement of the parties pertaining to the subject matter
          hereof, and the parties have made no agreements, representations, or warranties
          relating to the subject matter of this Agreement that are not set forth herein
          or therein. This Agreement, together with the Confidential Information
          Agreement, any stock plan, and any option agreement shall supersede any existing
          agreement between the Officer and the Company or its predecessors providing for
          employment, bonus, or any other incentive compensation. This Agreement may not
          be modified, amended, or waived in any manner except by an instrument in writing
          signed by each of the parties hereto. The waiver by any party of compliance with
          any provision of this Agreement by the other party shall not operate or be
          construed as a waiver of any other provision of this Agreement, or of any other
          breach by such party of a provision of this Agreement.

8.         
          Injunctive Relief. It is impossible to measure in money the damages that
          will accrue to the Company in the event that the Company breaches the covenants
          provided in Section 4(f)(vi) and 5 hereof. In the event that the Officer
          breaches any such covenant, the Company shall be entitled to an injunction
          restraining the Officer from violating such covenant. If the Company shall
          institute any action or proceeding to enforce any such covenant, the Officer
          hereby waives the claim or defense that the Company has an adequate remedy at
          law and agrees not to assert in any such action or proceeding the claim or
          defense that the Company has an adequate remedy at law. This right to injunctive
          relief shall be in addition to the Companys right to cease severance
          payments upon the Officers violation of Section 4(f)(vi) or 5.

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9.         
          Representations.

| | (a)       
               The parties hereto hereby represent that they each have the authority to enter
               into this Agreement, and the Officer hereby represents to the Company that the
               execution of, and performance of duties under, this Agreement shall not
               constitute a breach of or otherwise violate any other agreement to which the
               Officer is a party.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               The Officer hereby represents to the Company that he will not utilize or
               disclose any confidential information obtained by the Officer in connection with
               any former employment with respect to his duties and responsibilities hereunder,
               and the Company covenants that it will not ask the Officer to do so.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

10.       
               Notices. Any notice or communication required or permitted under the
               terms of this Agreement shall be in writing and shall be delivered
personally, or sent by registered or certified mail, return receipt requested, postage
prepaid, or sent by nationally recognized overnight carrier, postage prepaid, or sent by
facsimile transmission to the Company at the Companys principal office and facsimile
number or to the Officer at the address and facsimile number, if any, appearing on the
books and records of the Company. Such notice or communication shall be deemed given (a)
when delivered if personally delivered; (b) five mailing days after having been placed in
the mail, if delivered by registered or certified mail; (c) the business day after having
been placed with a nationally recognized overnight carrier, if delivered by nationally
recognized overnight carrier, and (d) the business day after transmittal when transmitted
with electronic confirmation of receipt, if transmitted by facsimile. Any party may change
the address or facsimile number to which notices or communications are to be sent to it by
giving notice of such change in the manner herein provided for giving notice. Until
changed by notice, the following shall be the address and facsimile number to which
notices shall be sent:

If to the Company, to:

| | ANTARES PHARMA, INC.
707 Eagleview Boulevard
Suite 414
Exton, PA 19341
Attn: Roger G. Harrison, Ph.D.
(610) 458-0756 (facsimile)
| | --------------------------------------------------------------------------------------------------------------------------------

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| | If
to the Officer, to the address and/or facsimile number contained in the Companys
personnel files as provided by the Officer from time to time.
| | --------------------------------------------------------------------------------------------------------------------------------------------------

11.       
          Governing Law and Arbitration. This Agreement will be
          governed by and construed in accordance with the Laws of the Commonwealth of
          Pennsylvania without regard to conflict of law principles. Any disagreement,
          dispute, controversy or claim arising out of or relating to this Agreement or
          its interpretation or any agreements relating hereto or contemplated herein or
          the interpretation, breach, termination, validity or invalidity hereof shall be
          settled exclusively and finally by arbitration; provided that neither the
          Officer nor the Company shall be required to submit claims for injunctive relief
          to enforce the covenants contained in Sections 4(f)(vi) and 5 of this Agreement
          to arbitration. Arbitration shall be held in Philadelphia, Pennsylvania, in
          accordance with the then prevailing National Rules for the Resolution of
          Employment Disputes of the American Arbitration Association by a single
          arbitrator. Any party may initiate arbitration by giving the other party written
          notice of the commencement of arbitration. To the extent not inconsistent with
          other provisions of this Section 11, the arbitration procedure shall be governed
          by the United States Arbitration Act, 9 U.S.C. §§  1-16, and the
          award rendered by the arbitrator shall be final and binding on the parties and
          may be entered in any court having jurisdiction. Each party shall have discovery
          rights as provided by the Federal Rules of Civil Procedure; provided, however,
          that all such discovery shall be commenced and concluded within 90 days of the
          initiation of arbitration. It is the intent of the parties that any arbitration
          shall be concluded as quickly as reasonably practicable. Unless the parties
          otherwise agree, once commenced, the hearing on the disputed matters shall be
          held four days a week until concluded, with each hearing date to begin at 9:00
          a.m. and to conclude at 5:00 p.m. The arbitrator shall use all reasonable
          efforts to issue the final award or awards within a period of five business days
          after closure of the proceedings. Failure of the arbitrator to meet the time
          limits of this Section 11 shall not be a basis for challenging the award. The
          parties waive any claim to any damages in the nature of punitive, exemplary or
          statutory damages in excess of compensatory damages, or any form of damages in
          excess of compensatory damages, and the arbitrator is specifically divested of
          any power to award damages in the nature of punitive, exemplary or statutory
          damages in excess of compensatory damages, or any form of damages in excess of
          compensatory damages. Each party shall bear its own costs and attorneys
          fees in connection

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with the arbitration and shall share equally the fees and
          expenses of the arbitrator. The arbitration award shall be paid within 30 days
          after the award has been made. Each party agrees that any legal proceeding
          instituted to enforce an arbitration award hereunder will be brought in a court
          of competent jurisdiction (either state or federal) in Philadelphia,
          Pennsylvania, and hereby submits to personal jurisdiction of such courts and
          irrevocably waives any objection as to venue in such courts, and further agrees
          not to plead or claim in any such court that any such proceeding has been
          brought in an inconvenient forum.

12.       
          Counterparts. This Agreement may be executed in counterparts, each of
          which shall be deemed to be an original, but all such counterparts shall
          together constitute one and the same instrument. The Companys signature
          below shall constitute a binding offer of employment on the terms and conditions
          in this Agreement for a period of 30 days following the Companys signing
          of the Agreement. The Officer may accept the offer at any time within the 30-day
          period by signing and returning a counterpart signature page.

13.       
          Headings; Gender. The headings of sections and subsections herein are
          included solely for convenience of reference and shall not control the meaning
          or interpretation of any of the provisions of this Agreement.

14.       
          Survivability. The obligations of the parties set forth in this Agreement
          that are to be carried out after the termination of the Officers
          employment shall survive the termination of this Agreement regardless of the
          reason for termination. These obligations include obligations under Sections
          4(f)(v)-(vii), 5, 8, and 11, among others.

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

|7/22/04
                    Date signed | COMPANY
ANTARES PHARMA, INC. 
By /s/ Roger G. Harrison
Its  President & CEO
|--------------------------------------- | ---------------------------------------------------------------------------

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|7/22/04
                    Date signed | OFFICER/s/ Jack E. Stover
Jack E. Stover
|--------------------------------------- | ----------------------------------------

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Schedule A

PERMITTED OUTSIDE
ACTIVITIES

Director, Ben Franklin
Partnership on North East Philadelphia (nonprofit)

Director, Chairman (nonexecutive) and
Shareholder, PHC Industries Inc. (private family business)

Director and Shareholder, The
Pineville Tavern and Dishes Inc. (private real estate investment)

Director, Gynetics, Inc. (private,
former pharmaceutical business employer)

22