Conditional Officer Resignation Agreement between Timothy Neher and Accelerated Acquisitions XIV, Inc.
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Summary
Timothy Neher, an officer and director of Accelerated Acquisitions XIV, Inc., agrees to resign from his positions as President, Secretary, and Treasurer, but will remain a director. His resignation is conditional upon the sale of 23,350,000 shares of the company to XL Gaming, Inc. and the appointment of new directors and officers. The resignation becomes effective at the closing of the share sale, or, if required, ten days after the mailing of a regulatory information statement to shareholders.
EX-10.3 4 aaxiv8kex103_1112012.htm EXHIBIT 10.3 aaxiv8kex103_1112012.htm
EXHIBIT 10.3
RESIGNATION
To the Board of Directors of
Accelerated Acquisitions XIV, Inc.,
a Delaware corporation
The undersigned, being an officer and director of the above-named corporation, does hereby resign from President, Secretary, Treasurer, and shall remain a director of the corporation.
Said resignation is contingent and expressly conditioned upon (a) the sale of 23,350,000 shares of the Company’s common shares to XL Gaming, Inc. and (b) the appointment of successor directors and officers of the corporation.
Said resignation shall be effective on the date of the Closing of the transaction contemplated by the Subscription Agreements between the Company and XL Gaming, Inc. and, if the filing of an Information Statement pursuant to Section 14(F) of the Securities Exchange Act of 1934 and Rule 14F-1 promulgated thereunder (“Schedule 14F”) is required to be filed, then ten days following the mailing of the Schedule 14F to the Company’s stockholders.
| Dated as of January 9, 2012 | |
| /S/ Timothy Neher | |
| Timothy Neher |
