Share Cancellation Agreement between Accelerated Venture Partners, LLC and Accelerated Acquisitions XIV, Inc.
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Summary
Accelerated Venture Partners, LLC agrees to cancel 3,500,000 of its 5,000,000 shares of common stock in Accelerated Acquisitions XIV, Inc., reducing its holdings to 1,500,000 shares. This agreement is formalized through a letter dated January 9, 2012, and signed by Timothy Neher, Managing Member of Accelerated Venture Partners, LLC. The purpose is to reduce the number of shares held by Accelerated Venture Partners, LLC in the company.
EX-10.2 3 aaxiv8kex102_1112012.htm EXHIBIT 10.2 aaxiv8kex102_1112012.htm
EXHIBIT 10.2
Accelerated Venture Partners, LLC
1840 Gateway Drive, Suite 200
Foster City, CA 94404
January 9, 2012
Accelerated Acquisitions XIV, Inc.
1840 Gateway Drive, Suite 200
Foster City, CA 94404
Re: Tender of shares for cancellation
Gentlemen:
By this letter, the undersigned tenders for cancellation 3,500,000 of the 5,000,000 shares of common stock par value $0.0001 of Accelerated Acquisitions, XIV, Inc. (the “Company”) which it holds. Following the cancellation of such shares, Accelerated Venture Partners, LLC will hold a total of 1,500,000 of the Company’s Common Shares.
Sincerely,
ACCELERATED VENTURE PARTNERS, LLC
By: /s/ Timothy Neher
Timothy Neher, Managing Member