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

Contract Categories: Business Finance › Stock Agreements
Summary

Accelerated Venture Partners, LLC agrees to cancel 3,500,000 of its 5,000,000 shares of PyroTec, Inc. common stock, reducing its holdings to 1,500,000 shares. This agreement is formalized through a letter from Accelerated Venture Partners, LLC to PyroTec, Inc. There are no additional conditions or time limits specified beyond the immediate cancellation of the shares.

Read More Arrow
EX-10.2 3 aaxv8kxa102_542012.htm EXHIBIT 10.2 aaxv8kxa102_542012.htm
 
EXHIBIT 10.2


Accelerated Venture Partners, LLC
1840 Gateway Drive, Suite 200
Foster City, CA 94404
 

May 3, 2012

PyroTec, 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 3,500,000 of the 5,000,000 shares of common stock par value $0.0001 of PyroTec, 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