Conditional Officer Resignation Agreement between Accelerated Acquisitions XX, Inc. and Timothy Neher
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Summary
Timothy Neher, an officer and director of Accelerated Acquisitions XX, 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 company shares to Cellular Concrete Technologies, LLC and the appointment of new directors and officers. The resignation becomes effective on the closing date of the share sale as outlined in the Subscription Agreements between the company and Cellular Concrete Technologies, LLC.
EX-10.3 4 aaxxsupr8kaex103_9252012.htm EXHIBIT 10.3 aaxxsupr8kex103_9242012.htm
EXHIBIT 10.3
RESIGNATION
To the Board of Directors of
Accelerated Acquisitions XX, 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 Cellular Concrete Technologies, LLC 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 Cellular Concrete Technologies, LLC.
Dated as of September 21, 2012
| /S/ Timothy Neher | |
| Timothy Neher |
