Share Cancellation Agreement between Accelerated Venture Partners, LLC and Accelerated Acquisitions I, 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 I, Inc., reducing its holdings to 1,500,000 shares. This agreement is formalized through a letter dated June 24, 2010, and is intended to adjust the share ownership structure of the company. No additional conditions or time limits are specified in the letter.
EX-10.2 3 v189187_ex10-2.htm EX-10.2
EXHIBIT 10.2
Accelerated Venture Partners, LLC
1840 Gateway Drive, Suite 200
Foster City, CA 94404
June 24, 2010
Accelerated Acquisitions I, 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 3,500,000 of the 5,000,000 shares of common stock par value $0.0001 of Accelerated Acquisitions, I, 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 |
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