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

Contract Categories: Business Finance › Release Agreements
Summary

Accelerated Venture Partners, LLC agrees to cancel 1,979,760 of its 5,000,000 shares of common stock in Accelerated Acquisitions V, Inc. After this cancellation, Accelerated Venture Partners, LLC will retain 3,020,240 shares. This agreement is formalized by a letter dated March 25, 2010, and signed by Timothy Neher, Managing Member of Accelerated Venture Partners, LLC.

Read More Arrow
EX-10.3 4 v179938_ex10-3.htm
EXHIBIT 10.3
 
Accelerated Venture Partners, LLC
1840 Gateway Drive, Suite 200
Foster City, CA 94404
 
March 25, 2010

Accelerated Acquisitions V, 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 1,979,760 of the 5,000,000 shares of common stock par value $0.0001 of Accelerated Acquisitions, V, Inc. (the “Company”) which it holds.  Following the cancellation of such shares, Accelerated Venture Partners, LLC will hold a total of 3,020,240 of the Company’s Common Shares.

Sincerely,

ACCELERATED VENTURE PARTNERS, LLC

By:
/s/ Timothy Neher
 
Timothy Neher, Managing Member

 
1