EMPLOYMENT AGREEMENTEmployment Agreement • July 28th, 2015 • Aspen Group, Inc. • Services-educational services • Delaware
THIS EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of __________ ____, 2014 (the “Effective Date”), between Aspen Group, Inc., a Delaware corporation (the “Company”), and Gerard Wendolowski (the “Executive”).
Aspen Group, Inc.Aspen Group, Inc. • July 28th, 2015 • Services-educational services
This letter agreement documents our understanding regarding you exercising your warrants to purchase common stock of Aspen Group, Inc. (the “Company”). In order to increase the Company’s shareholders’ equity, we are offering to amend your warrants to provide a cashless exercise feature with a fair market value of $0.19 per share and a reduced exercise price if you cashlessly exercise your warrants now. If you cashlessly exercise your warrants at any time through April 29, 2015 (the “Offer End Date”), the Company will reduce the exercise price of the [_______] warrants you obtained in [_________] to $0.155 per share which will result in you being issued [_______] shares of the Company’s common stock. You may exercise your warrants by signing below and e-mailing this executed letter to my attention (e-mail address provided below) by 5:00 p.m. on the Offer End Date. The Company must receive your original warrant (sent to the address above) by 5:00 p.m. on April 30, 2015. If you do not cas
AMENDMENT TO NO. 1 TO EMPLOYMENT AGREEMENTEmployment Agreement • July 28th, 2015 • Aspen Group, Inc. • Services-educational services
This AMENDMENT TO EMPLOYMENT AGREEMENT (the “Amendment”), dated November __, 2014, is by and between Aspen Group, Inc., a Delaware corporation (the “Company”), and Michael Matthews (the “Executive”).
Aspen Group, Inc.Consulting Agreement • July 28th, 2015 • Aspen Group, Inc. • Services-educational services
This letter agreement documents our understanding regarding the termination of the Consulting Agreement (the “Agreement”) dated May 29, 2014 between Aspen Group, Inc. (the “Company”) and AEK Consulting LLC, a company controlled by you. In consideration for the issuance of 300,000 restricted stock units to you, the Company and you hereby agree to terminate the Agreement and release the other from any obligations (whether monetary or otherwise) under the Agreement. Of the restricted stock units, 2/3 shall be fully vested and the remaining shall vest in six equal monthly increments with the first vesting date being June 30, 2015. The common stock (underlying the restricted stock units) shall be delivered on the earlier of: (i) November 30, 2015, (ii) a change of control of the Company (as defined under the Company’s equity incentive plan), or (iii) the average closing price of the Company’s common stock over any 10-day period is at least $0.50 per share. In the event that any of the event
