LINE OF CREDIT AGREEMENTLine of Credit Agreement • October 24th, 2005 • Antares Pharma Inc • Surgical & medical instruments & apparatus • Delaware
THIS LINE OF CREDIT AGREEMENT (this “Agreement”) is entered into as of October 19, 2005 by and between Antares Pharma, Inc., a Delaware corporation (“Borrower”), and Dr. Jacques Gonella, an individual residing at Hauptstrasse 16, 4132 Muttenz, Switzerland (“Lender”). In consideration of the mutual agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by the parties, Borrower and Lender agree as follows:
