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

Contract Categories: Business Finance › Stock Agreements
Summary

Accelerated Venture Partners, LLC agrees to cancel 1,500,000 of its 5,000,000 shares of common stock in Accelerated Acquisitions X, Inc. After this cancellation and the issuance of consulting shares, Accelerated Venture Partners, LLC will hold a total of 3,000,000 common shares in the company. This agreement is formalized by a letter dated February 27, 2011, and signed by Timothy Neher, Managing Member of Accelerated Venture Partners, LLC.

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EX-10.2 3 aax8kex102_2282011.htm EXHIBIT 10.2 aax8kex102_2282011.htm
EXHIBIT 10.2
 


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

February 27, 2011

Accelerated Acquisitions X, 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 1,500,000 of the 5,000,000 shares of common stock par value $0.0001 of Accelerated Acquisitions, X, Inc. (the “Company”) which it holds.  Following the cancellation of such shares and the issuance of consulting shares Accelerated Venture Partners, LLC will hold a total of 3,000,000 of the Company’s Common Shares.

Sincerely,

ACCELERATED VENTURE PARTNERS, LLC



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