Document:

EXHIBIT 10.6

                                VOTING AGREEMENT

     THIS VOTING AGREEMENT (the "Voting Agreement") is entered into effective as
of June 18, 2003, by and between Roger D. Hurst ("Hurst"), and AspenBio, Inc., a
Colorado corporation (the "Company").

     WHEREAS, Hurst owns 4,246,757 shares of common stock, no par value per
share of the Company (the "Common Stock");

     WHEREAS, Hurst understands that the Company needs additional financing and
has agreed to restrictions on the voting and transfer of 2,250,000 shares of the
Common Stock (the "Restricted Shares") in order to facilitate such financing;
and

     WHEREAS, for valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, Hurst and the Company have agreed to enter into this
Voting Agreement.

     NOW, THEREFORE, in consideration of the foregoing, the parties hereto agree
as follows:

1. Voting of Restricted Shares

          a. Hurst agrees to vote the Restricted Shares in the same proportion
     that all other shares of the outstanding Common Stock (including the other
     shares of Common Stock owned by Hurst) are voted at any duly called meeting
     of the shareholders of the Company. By way of example, if 30% of the shares
     of Common Stock vote in favor of a resolution and 70% of the shares of
     Common Stock oppose such resolution, Hurst shall vote the Restricted Shares
     in the same proportion (i.e., 675,000 in favor and 1,575,000 against). Upon
     request of the Company, Hurst shall grant a proxy for this purpose to Gail
     Schoettler, or if Gail Schoettler is not then a member of the Company's
     Board of Directors, is unable or unwilling to serve, then Hurst shall grant
     such proxy to a person designated by a majority of the Company's Board of
     Directors (the "Board").

2.  Transfer of Restricted Shares

          a. Hurst agrees not, directly or indirectly, to sell, offer to sell,
     contract to sell, assign, pledge, hypothecate, encumber or otherwise
     transfer, or enter into any contract, option or other arrangement or
     understanding with respect to the sale, assignment, pledge or other
     disposition of (collectively, a "Transfer") any rights with respect to the
     Restricted Shares except as expressly provided herein. The foregoing
     restriction has been expressly agreed to preclude Hurst from engaging in
     any hedging or other transaction during the term of this Voting Agreement
     that is designed to or reasonably expected to lead to or result in a
     Transfer of the Restricted Shares. Such prohibited hedging or other
     transaction would include, without limitation, any short sale (whether or
     not against the box) or any purchase, sale, or grant of any right
     (including, without limitation, any put or call option) with respect to the
     Restricted Shares or with respect to any security (other than a broad-based
     market basket or index) that includes, relates to or derives any
     significant part of its value from the Restricted Shares.

<PAGE>
          b. Hurst also agrees and consents to the entry of stop transfer
     instructions with the Company's Transfer Agent against the Transfer of the
     Restricted Shares except in compliance with the terms and conditions of
     this Voting Agreement. .

          c. In the event any Restricted Shares are subject to any involuntary
     transfer, whether by reason of death, bankruptcy or divorce proceedings or
     otherwise, the transferee of such Restricted Shares shall take such
     Restricted Shares subject to this Voting Agreement. Any purported transfer
     of any Restricted Shares that is not in accordance with this Voting
     Agreement shall be null and void, and shall not operate to transfer any
     right, title or interest in such Restricted Shares to the purported
     transferee. Hurst agrees that the Company shall not cause or permit the
     transfer of any Restricted Shares to be made on the Company's books unless
     the transfer is permitted by this Voting Agreement and has been made in
     accordance with its terms.

     3. Representations, Warranties and Covenants of Hurst. Hurst represents and
warrants to, and agrees with, the Company that:

          a. Hurst now owns, and will at all times up to the termination of this
     Voting Agreement, continue to own, the Restricted Shares free and clear of
     any liens or encumbrances, and, except with respect to that certain
     Shareholder Agreement by and between Hurst, Cambridge Holdings, Ltd. and
     the Company dated December 28, 2001, has not, prior to or on the date of
     this Voting Agreement, executed or delivered any proxy or entered into any
     other voting agreement or similar arrangement other than one which has
     expired or terminated prior to the date hereof.

          b. Hurst has the full power and capacity to execute, deliver and
     perform this Voting Agreement, which has been duly executed and delivered
     by, and evidences the valid and binding obligation of Hurst enforceable in
     accordance with its terms.

     4. Price Gateways. Notwithstanding anything contained herein to the
contrary, at such time as the closing price of the Common Stock (OTCBB:APNB) on
the OTC Bulletin Board, or such other market as the Common Stock is then
publicly traded, equals or exceeds each price target (the "Gateway Price") set
forth on Schedule A hereto for a period of 20 consecutive trading days, a
corresponding number of the Restricted Shares set forth on Schedule A (the
"Released Shares") shall be released from the restrictions of Sections 1 and 2
herein.

     5. Term and Termination. This Agreement shall continue unti1 15 years from
the date hereof unless earl1er terminated due to any of the following events.

          a. On October 31, 2003, if the Company has not received gross proceeds
     of at least $1 million from the sale of the Company's securities during the
     period from June 17, 2003 through October 31, 2003 (the "2003 Private
     Placement");

          b. At such time as the holders of a majority of the then issued and
     outstanding shares of the Common Stock vote or consent to the termination
     of this Voting Agreement, it being understood that the Restricted Shares or
     any other shares of Common Stock owned of record or beneficially by Hurst
     shall not be included in any vote or consent and shall not be inc1uded in a
     calculation of the majority of the then issued and outstanding shares;

<PAGE>

          c. At such time as a majority of the members of the Board vote in
     favor of the termination of this Voting Agreement, it being understood that
     Hurst shall. not be allowed to participate in such vote; or

          d. At such time as Hurst can demonstrate to the reasonable
     satisfaction of the Board that all persons who purchased shares in the 2003
     Private Placement have sold all of the shares that such persons purchased
     in the 2003 Private Placement.

     6. Legend. At the Company's request, Hurst shall cause stock certificates
representing the Restricted Shares to be delivered to the Company. The Company
may reissue such certificates to reflect the Restricted Shares and, in addition
to any other required legends on such certificates, imprint or otherwise place
On certificates representing the Restricted Shares the following restrictive
legend (the "Legend"): ...

         THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO
         THE TERMS AND CONDITIONS OF A VOTING AGREEMENT DATED JUNE
         18, 2003 WHICH PLACES CERTAIN RESTRICTIONS ON THE VOTING AND
         TRANSFER OF THE SHARES REPRESENTED HEREBY. COPY OF SUCH
         VOTING AGREEMENT IS ON FILE AT THE COMPANY'S PRINCIPAL PLACE
         OF BUSINESS AND WILL BE FURNISHED TO THE RECORD HOLDER OF
         THIS CERTIFICATE WITHOUT CHARGE UPON WRITTEN REQUEST TO THE
         COMPANY AT ITS PRINCIPAL PLACE OF BUSINESS. NO TRANSFER OF
         THE SHARES REPRESENTED BY THIS CERTIFICATE WILL BE EFFECTIVE
         UNLESS THE TERMS AND CONDITIONS OF THE VOTING AGREEMENT HAVE
         BEEN COMPLIED WITH IN FULL AND NO PERSON MAY REQUEST THE
         COMPANY TO RECORD THE TRANSFER OF ANY SHARES IF SUCH
         TRANSFER IS IN VIOLATION OF SUCH VOTING AGREEMENT.

     7. Other Rights. Except as provided by this Voting Agreement, Hurst shall
have and shall be entitled to exercise the full rights of a holder of capital
stock of the Company with respect to the Restricted Shares.

     8. Miscellaneous.

          a. Specific Performance. Hurst acknowledges that damages would be an
     inadequate remedy for any breach of the provisions of this Voting Agreement
     and agrees that the obligations of Hurst hereunder shall be specifically
     enforceable and Hurst shall not take any action to impede the Company nom
     seeking to enforce such right of specific performance. Hurst agrees that
     monetary damages may not be adequate compensation for any loss incurred by
     reason of any breach of his obligations in this Voting Agreement and hereby
     agrees to waive in any action for specific performance of any such
     obligation, the defense that a remedy at law would be adequate.

<PAGE>
          b. Notices. All notices, demands and other communications to be given
     or delivered under or by reason of the provisions of this Voting Agreement
     shall be in writing and shall be given and shall be deemed to have been
     given when personally delivered or three days after being mailed, if mailed
     by first c1ass mail, return receipt requested, or one day after being sent
     by reputable overnight delivery service, or when receipt is acknowledged,
     if sent by confirmed facsimile, telecopy or other electronic transmission
     device. Notices, demand and communications to Hurst and the Company will,
     unless another address is specified in writing, be sent to the address
     indicated below, except that notices of change of address shall only be
     effective upon receipt:

                              If to Hurst:

                              Roger D. Hurst
                              1585 S. Perry Street
                              Castle Rock, CO 80104
                              Fax: (303) 798-8332

                              If to the Company:

                              AspenBio, Inc.
                              1585 S. Perry Street
                              Castle Rock, CO 80104
                              Fax: (303) 798-8332

Copies of any notices, demands and communication shall also be sent to:

                              Gail Schoettler
                              11855 East Daley Circle
                              Parker, CO 80134

          c. Assignment. This Voting Agreement and all provisions hereof will be
     binding upon and inure to the benefit of the parties hereto and their
     respective successors and permitted assigns, except that neither this
     Voting Agreement nor any of the rights, interests or obligations hereunder
     may be assigned by Hurst without the prior written consent of the Company

          d. Governing Law. The internal law, without regard for conflicts of
     law principals, of the State of Colorado will govern all questions
     concerning the construction, validity and interpretation of this Voting
     Agreement and the performance of the obligations imposed by this Voting
     Agreement.

          e. Adjustments. The number and kind of Restricted Shares will be
     appropriately increased, decreased or changed without further action if the
     Company effects a stock split, stock dividend, or reclassification of the
     Common Stock. In. the event of a merger or a consolidation with another
     company where the Company is not the surviving entity, the shares or other
     consideration of such other company received in exchange for the Restricted
     Shares shall thereafter constitute the "Restricted Shares" pursuant to this
     Voting Agreement.

<PAGE>

          f. Amendment: Waiver. This Voting Agreement may not be amended or
     waived except, (i) in a writing executed by the party against which such
     amendment or waiver is sought to be enforced, and (ii) without the
     expressed written consent of the Company. No course of dealing between or
     among any persons having any interest in this Voting Agreement will be
     deemed effective to modify or amend any part of this Voting Agreement or
     any rights or obligations of any person under or by reason of this Voting
     Agreement.

          g. Review by Hurst. Hurst has had the opportunity to review this
     Voting Agreement with legal counsel and other advisors as Hurst deemed
     advisable, prior to Hurst's execution of this Agreement, and Hurst has not
     relied on any advice of Patton Boggs LLP.

          h. Counterparts. This Voting Agreement may be executed in one or more
     counterparts, anyone of which need not contain the signatures of more than
     one party, but all such counterparts taken. together shall constitute one
     and the same instrument.

          i. Severability. Whenever possible, each provision of this Voting
     Agreement will be interpreted in such manner as to be effective and valid
     under applicable law, but if any provision of this Voting Agreement is held
     to be prohibited by or invalid under applicable law, such provision will be
     ineffective only to the extent of such provision or invalidity, without
     invalidating the remainder of such provision or the remaining provisions of
     this Voting Agreement.

          j. Complete Agreement. This Voting Agreement contains the complete
     agreement between the parties hereto with respect to the matters addressed
     herein and supersedes any prior understandings, agreements or
     representations by or between the parties, written or oral, which may have
     related to the subject matter hereof in any way.

     IN WITNESS WHEREOF, the parties hereby have executed this Voting Agreement
as of the date first written above.

ASPENBIO, INC.

By: ____________________________                /s/ Roger D. Hurst
                                                ------------------
Name: Gail S. Schoettler                            Roger D. Hurst
Title: Member of the Board of Directors

<PAGE>

                                   SCHEDULE A

Release Price                                              Released Shares
-------------                                              ---------------

$ 6.00                                                       450,000
$ 7.00                                                       450,000
$ 8.00                                                       450,000
$ 9.00                                                       450,000
$10.00                                                       450,000

<PAGE>

          f. Amendment: Waiver. This Voting Agreement may not be amended or
     waived except, (i) in a writing executed by the party against which such
     amendment or waiver is sought to be enforced, and (ii) without the
     expressed written consent of the Company. No course of dealing between or
     among any persons having any interest in this Voting Agreement will be
     deemed effective to modify or amend any part of this Voting Agreement or
     any rights or obligations of any person under or by reason of this Voting
     Agreement.

          g. Review by Hurst. Hurst has had the opportunity to review this
     Voting Agreement with legal counsel and other advisors as Hurst deemed
     advisable, prior to Hurst's execution of this Agreement, and Hurst has not
     relied on any advice of Patton Boggs LLP.

          h. Counterparts. This Voting Agreement may be executed in one or more
     counterparts, anyone of which need not contain the signatures of more than
     one party, but all such counterparts taken together shall constitute one
     and the same instrument.

          i. Severability. Whenever possible, each provision of this Voting
     Agreement wil1 be interpreted in such manner as to be effective and valid
     under applicable law, but if any provision of this Voting Agreement is held
     to be prohibited by or invalid under applicable law, such provision will be
     ineffective only to the extent of such provision or invalidity, without
     invalidating the remainder of such provision or the remaining provisions of
     this Voting Agreement.

          j. Complete Agreement. This Voting Agreement contains the complete
     agreement between the parties hereto with respect to the matters addressed
     herein and supersedes any prior understandings, agreements or
     representations by or between the parties, written or oral, which may have
     related to the subject matter hereof in any way.

     IN WITNESS WHEREOF, the parties hereby have executed this Voting Agreement
as of the date first written above.

ASPENBIO, INC.

By:                                                       /s/ Roger D. Hurst
    -----------------------------------                   ------------------
Name: Gail S. Schoettler                                  Roger D. Hurst
Title: Member of the Board of Directors

<PAGE>

                          EXTENSION TO VOTING AGREEMENT
                          -----------------------------

     THIS EXTENSION TO VOTING AGREEMENT is entered into effective as of the 31st
day of October, 2003 by and between Roger D. Hurst ("Hurst") and AspenBio, Inc.,
a Colorado corporation (the "Company").

     WHEREAS, the parties entered into a Voting Agreement effective June 18,
2003 (the "Voting Agreeement");

     WHEREAS, the parties desire to amend paragraph 5(a) of the Voting Agreement
to provide the Company additional time to complete its private offering of
securities;

     NOW THEREFORE THE PARTIES AGREE AS FOLLOWS:

     Paragraph 5(a) of the Voting Agreement hereby is amended to read as
follows:

          a. On December 31, 2003, if the Company has not received gross
     proceeds of at least $1 million from the sale of the Company's securities
     during the period from June 17, 2003 through December 31, 2003 (the "2003
     Private Placement");

     All other terms and provisions of the Voting Agreement remain in effect.

     IN WITNESS WHEREOF, the parties execute this Extension to Voting Agreement
to be effective as of the date first set forth above.

                                                     /s/ Roger D. Hurst
                                                     ------------------
                                                     Roger D. Hurst

                                                     AspenBio, Inc.

                                                   By /s/ Greg Pusey
                                                      --------------------
                                                      Greg Pusey, ChairmanEXHIBIT 10.22

<TABLE>
<CAPTION>

<S>              <C>            <C>            <C>           <C>                 <C>
______________________________________________________________________________________________
             |  LOAN NUMBER     ACCT. NUMBER    NOTE DATE       NOTE AMOUNT     MATURITY DATE|
PRIOR        |                                                                               |
OBLIGATION   |   892-5542        111133238      07/05/02      $3,250,000.00       07/10/03   |
INFORMATION  |                                                                               |
_____________|_______________________________________________________________________________|
             |  LOAN NUMBER     ACCT. NUMER       MODIFICATION DATE           NEW NOTE AMOUNT|
             |                                                                               |
             |   892,5542        111133238          06/13/03                    3,250,000.00 |
             |                                                                               |
AMENDED      |  NEW MATURITY DATE               NEW INTEREST RATE               INITALS      |
OBLIGATION   |                                                                               |
INFORMATION  |     07/16/13                         5.250%                       JTJ         |
             |                                                                               |
             |                 Creditor Use Only                                             |
_____________|_______________________________________________________________________________|

                          DEBT MODIFICATION AGREEMENT
______________________________________________________________________________________________
</TABLE>

DATE AND PARTIES.  The date of this Debt Modification Agreement (Modification)
is June 13, 2003.  The parties and their addresses are:

        LENDER:
          FIRSTBANK OF TECH CENTER
          5105 South DTC Parkway
          Greenwood Village, Colorado 80111
          Telephone:  (303) 694-1000

        BORROWER:
          ASPENBIO, INC.
          a Corporation
          1585 South Perry Street
          Castle Rock, Colorado  80104

          ROGER D. HURST
          1749 South Peak View Drive
          Castle Rock, Colorado 80109

1. DEFINITIONS.  In this Modification, these terms have the following meanings:
     A. Pronouns. The pronouns "I," "me," and "my" refer to each Borrower
     signing this Modification, individually and together with their heirs,
     executors, administrators, successors, and assigns. "You" and "your" refer
     to the Lender, with its participants or syndicators, successors and
     assigns, or any person or entity that acquired an interest in the
     Modification or Prior Obligation.
     B. Amended Obligation. Amended Obligation is the resulting agreement that
     is created when the Modification amends the Prior Obligation. It is
     described about in the AMENDED OBLIGATION INFORMATION section.
     C. Loan. Loan refers to this transaction generally. It includes the
     obligations and duties arising from the terms of all documents prepared or
     submitted in association with the Prior Obligation and this modification,
     such as applications, security agreements, disclosures, notes, agreements,
     and this Modification.
     D. Modification. Modification refers to this Debt Modification Agreement.
     E. Prior Obligation. Prior Obligation refers to my existing agreement
     described about in the PRIOR OBLIGATION INFORMATION section, and any
     previous extensions, renewals, modifications or substitutions of it.

2. BACKGROUND. You and I have previously entered into a Prior Obligation. As of
the date of this Modification, the outstanding unpaid balance of the Prior
Obligation is $3,250,000.00. Conditions have changed since the execution of the
Prior Obligation instruments. In response, and for value received, you and I
agree to modify the terms of the Prior Obligation, as provided for in this
Modification.

3. TERMS.  The Prior Obligation is modified as follows:
A. Interest. Our agreement for the payment of interest is modified to read:
     (1) INTEREST. Interest will accrue on the unpaid Principal balance of this
     loan at the rate of 5.250 percent (Interest Rate) until June 14, 2003,
     after which time it may change as described in the Variable Rate
     subsection.
          (a) Maximum Interest Amount. Any amount assessed or collected as
          interest under the terms of this loan or obligation will be limited to
          the Maximum Lawful amount of interest allowed by state of federal law.
          Amounts collected in excess of the Maximum Lawful Amount will be
          applied first to the unpaid Principal balance. Any remainder will be
          refunded to me.
          (b) Statutory Authority. Any amount assessed or collected on this loan
          is authorized by the Colorado usury laws under Colo. Rev.
          Stat.ss5-12-107.
          (c) Accrual. During the scheduled term of this Loan Interest accrues
          using an Actual/360 days counting method.
          (d) Variable Rate. The Interest Rate may change during the term of
          this transaction.

               (1) Index. Beginning with the first Change Date, the Interest
               Rate will be based on the following index: Wall Street Journal
               Prime Rate.
               The Current Index is the most recent Index figure available on
               each Change Date. You do not guaranty by selecting this Index. or
               the margin that the Interest Rate on this loan will be the same
               rate you charge on any other loans or class of loans you make to
               me or other borrowers. If this index is no longer available you
               will substitute a similar index. You will give me notice of your
               choice.
               (2) Change Date. Each date on which the Interest Rate may change
               is called a Change Date. The Interest Rate may change June 14,
               2003 and daily thereafter.
               (3) Calculation of Change. On each Change Date, you will
               calculate the Interest Rate, which will be the Current Index plus
               1.000 percent. The result of this calculation will be rounded to
               the nearest .001 percent. Subject to any limitations, this will
               be the Interest Rate until the next Change Date. The new Interest
               Rate will become effective on

________________________________________________________________________________
AspenBio, Inc.                                                    Initials _____
Debt Modification Agreement                                               Page 1
<PAGE>

SIGNATURES.  By signing, Grantor agrees to the terms and covenants contained in
the Modification.  Grantor also acknowledges receipt of a copy of this
Modification.

GRANTOR:

        AspenBio, Inc.
                By
                  --------------------------
                  Roger D. Hurst, President

LENDER:

        FirstBank of Tech Center
                By
                   --------------------------------------
                   Joel T. Johnson, Senior Vice President

ACKNOWLEDGEMENT.
(Business or Entity)

_________________ OF _________________, ______________ OF _________________ ss.
This instrument was acknowledged before me this ___________ day of _____________
by Roger D. Hurst - President of AspenBio, Inc. a corporation, on behalf of the
corporation.

                        My commission expires:  ____________________________
                                                    Notary Public

(Lender Acknowledgement)

_________________ OF _________________, ______________ OF _________________ ss.
This instrument was acknowledged before me this ___________ day of _____________
by Joel T. Johnson - Senior Vice President of FirstBank of Tech Center, a
corporation, on behelf of the corporation.

                        My commission expires:  ____________________________
                                                    Notary Public

                                     [COPY]

AspenBio, Inc.                                                    Initials _____
Debt Modification Agreement                                               Page 2
<PAGE>
               each Change Date. Interest Rate and other charges on this loan.
               To never exceed the highest rate or charge allowed by law for
               this loan
               (4) Effect Of Variable Rate. A change in the Interest Rate will
               have the following effect of the payments. The amount of
               scheduled payments and the amount of the final payment will
               change.

B. Maturity and Payments. The maturity and payment provisions are modified to
read:
     (1) PAYMENT. I agree to pay this loan in installments of accrued interest
     beginning July 16, 2003, and then on the 15th day of each month thereafter,
     I agree to pay the entire unpaid Principal and any accrued but unpaid
     interest on July 16, 2013.
     Payments will be rounded to the nearest $.01. With the final payment I also
     agree to pay any additional fees or charges owing and the amount of any
     advances you have made to others on my behalf. Payments scheduled to be
     paid on the 29th, 30th or 31st day of a month that contains no such day
     will, instead, be made on the last day of such month.
C. Fees and Charges. As additional consideration for your consent to enter into
this Modification Agreement, I agree to pay, or have paid these additional fees
and charges.
     (1) Nonrefundable fees and Charges. The following fees are earned when
     collected and will not be refunded if I prepay this loan before the
     scheduled maturity date.

          Title Insurance. A(n) Title Insurance fee of $412.00 payable form
          separate funds on or before today's date.
          SBA Guarantee Fee. A(n) SBA Guarantee Fee fee of $9,974.63 payable
          from separate funds on or before today's date.
          Recording - Mortgage. A(n) Recording - Mortgage fee of $16.00 payable
          from separate funds on or before today's date.
          Loan Origination. A(n) Loan Origination fee of $9,925.00 to be
          financed in See #7
          Flood Determination. A(n) Flood Determination fee of $7.00 payable
          from separate funds on or before today's date.

D. Prepayment Change. Conditions for the prepayment of this loan are modified to
read:

     (1) I may prepay this Loan under the following terms and conditions. If the
     principal balance of this note is paid down note than 33% below the
     scheduled principal reduction balance at any time prior to maturity, a
     prepayment penalty will be assessed at such time in an amount equal to 1%
     of the aggregate sum of the prepayments. however, no prepayment penalty
     will be assessed for any payment that is made within the twelve(12) month
     period prior to maturity of this note. Any partial prepayment will not
     excuse any later scheduled payments until I pay in full.

E. Insurance. I understand and agree that any insurance premiums paid to
insurance companies as part of this Amended Obligation will involve money
retained or paid to you as commissions or other remuneration.

     (1) Flood Insurance. Flood insurance is not required. I may obtain flood
     insurance from anyone I want that is reasonably acceptable to you.

4. CONTINUATION OF TERMS. Except as specifically amended by this Modification,
all of the terms of the Prior Obligation shall remain in full force and effect.

5. WAIVER. I waive all claims, defenses, setoffs, or counterclaims relating to
the Prior Obligation, or any document securing the Prior Obligation, that I may
have. Any party to the Prior Obligation that does not sign this Modification,
shall remain liable under the terms under the Prior Obligation unless released
in writing by you.

6. REASON FOR MODIFICATION. Modify and Extend to Interest only variable rate
loan until SBA paydown is received. It will then modify to a variable rate
balloon loan.

7. ADDITIONAL TERMS. See attached Exhibit A incorporated herein by reference.

8. SIGNATURES. By signing, I agree to the terms contained in the Modification. I
also acknowledge receipt of a copy of this Modification.

        BORROWER:

             AspenBio, Inc.

                By________________________________
                  Roger D. Hurst, President

              ____________________________________
              Roger D. Hurst
              Individually

<PAGE>

The following Exhibit A refers to and becomes a part of the Promissory Note
modification dated June 13, 2003 from AspenBio, Inc. and Roger D. Hurst to
FirstBank of Tech Center.

                                    EXHIBIT A

The following terms relate to the rate and repayment terms as of July 16, 2003.

The interest rate and repayment terms will automatically adjust on July 16,
2003, the day SBA funds in the amount of $1,265,000.00, will be received.  The
outstanding principal balance will be paid down with the SBA funds, with the
FirstBank of Tech Center 0.50% fee financed in, making the outstanding balance,
on July 16, 2003, 1,994,925.  The loan will be amortized over 300 months,
maturing in 120 months.  ($3,250,000 loan balance minus $1,265,000 SBA funds
plus $9,925 FirstBank of Tech Center fee equals $1,994,925).

Interest Rate:  A variable rate of 3.25% per annum over the Index Rate indicated
below.  Any change in he interest rate resulting from a change in the Index Rate
will be effective on July 16, 2008.  The minimum interest rate on this note,
after the initial interest rate adjustment date, shall not be less than 7.00%
per annum.

The Index Rate used for the Note shall be:  5 Year Treasury Index: the weekly
average yield on United States Treasury securities adjusted to a constant
maturity of 5 years, as most recently made available by the Federal Reserve
Board as of the interest rate change date.

Payment Schedule as of July 16, 2003:  Amortization to begin with 1st payment
due August 16, 2003.  Payments amortized over 300 months with the balloon
payment due July 16, 2013.

As of the date of this note, June 13, 2003, one interest only payment is due on
July 16, 2003.  The rate is variable, Wall Street Journal Prime Rate, plus 1%.
Amortization terms, as referenced above, begin July 16, 2003.

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