Share Cancellation Agreement between Accelerated Venture Partners, LLC and Accelerated Acquisitions II, Inc.

Contract Categories: Business Finance › Release Agreements
Summary

Accelerated Venture Partners, LLC agrees to cancel 2,000,000 of its 5,000,000 shares of common stock in Accelerated Acquisitions II, Inc., reducing its holdings to 3,000,000 shares. This agreement is formalized by a letter dated June 5, 2009, and signed by Timothy Neher, Managing Member of Accelerated Venture Partners, LLC. The purpose is to reduce the number of shares held by the shareholder, with no additional conditions or obligations specified.

Read More Arrow
EX-10.3 4 v152108_ex10-3.htm
 
EXHIBIT 10.3
 
Acclerated Venture Partners, LLC

1840 Gateway Drive, Suite 200
Foster City, CA 94404
 
June 5, 2009

Accelerated Acquisitions II, Inc.
122 Ocean Park Blvd.
Suite 307
Santa Monica, CA 90405

Re:           Tender of shares for cancellation

Gentlemen:

By this letter, the undersigned tenders for cancellation 2,000,000 of the 5,000,000 shares of common stock par value $0.0001 of Accelerated Acquisitions, II, Inc. (the “Company”) which it holds.  Following the cancellation of such shares, Accelerated Venture Partners, LLC will hold a total of 3,000,000 of the Company’s Common Shares.

Sincerely,

ACCELERATED VENTURE PARTNERS, LLC
   
 
/s/ Timothy Neher
By:
  
 
Timothy Neher, Managing Member