Letter Confirming Termination of Consulting Agreement between AspenBio, Inc. and Cambridge Holdings, Ltd.

Contract Categories: Human Resources › Consulting Agreements
Summary

AspenBio, Inc. and Cambridge Holdings, Ltd. mutually agree to end their consulting agreement, originally dated December 28, 2001. Both parties confirm that all obligations under the agreement have been fulfilled, and the risk of forfeiture mentioned in the agreement is removed as of the termination date. The termination is effective upon the date both parties sign this letter.

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EX-10.4(B) 12 d95933ex10-4b.txt LETTER CONFIRMING TERMINATION OF CONSULTING AGRMT. EXHIBIT 10.4(b) [AspenBio Letterhead] March __, 2002 Gregory Pusey President Cambridge Holdings, Ltd. 106 S. University Blvd. Unit 14 Denver, CO 80209 Re: Consulting Agreement by and between AspenBio, Inc. (the "Company") and Cambridge Holdings, Ltd. dated December 28, 2001 (the "Consulting Agreement") Dear Greg: Section 1 of the Consulting Agreement provides that the Consulting Agreement may be terminated by the mutual agreement of the parties. Because the Company considers all of the terms of the Consulting Agreement to have been fulfilled to its satisfaction, the Company proposes that the Consulting Agreement hereby terminate effective as of the date indicated below. In addition, the Company proposes that the risk of forfeiture provided for in Section 3 of the Consulting Agreement shall be lifted as of the same date. Please indicate your acceptance of the proposals in this letter by signing in space provided below. Very truly yours, ASPENBIO, INC. Roger Hurst President AGREED AND ACCEPTED EFFECTIVE THIS __ DAY OF MARCH, 2002: - ------------------------- Gregory Pusey President Cambridge Holdings, Ltd.