Aspen Group, Inc. 224 W. 30th Street, Suite 604 New York, NY 10001 November __, 2012

EX-10.32 6 aspen_ex1032.htm LOAN CANCELLATION aspen_ex1032.htm

Exhibit 10. 32

Aspen Group, Inc.

224 W. 30th Street, Suite 604

New York, NY 10001

November __, 2012

Dr. Michael D’Anton

Insert D Address

Dear Michael:

This letter agreement documents our understanding regarding the $22,000 loan (the “Loan”) made by you to Aspen Group, Inc. You have agreed to accept 62,857 options exercisable at $0.35 per share as repayment for the full satisfaction of the Loan. The options will be fully-vested exercisable over a five-year period.

If the foregoing is acceptable to you, please sign in the place indicated below and return an executed copy to us.

	Sincerely,

	/s/ Michael Mathews Michael Mathews Chief Executive Officer

AGREED AND ACCEPTED:

/s/ Dr. Michael D’ Anton

Dr. Michael D’Anton