Stage 4: Electron Transport Chain and Oxidative Phosphorylation
1. Takes place in mitochondria
2. NADH and FADH2 are oxidized to release H+ and electrons
3. H+ are transported to the inter-membrane space in mittochondria
4. Electrons are transferred to O2 and O2 is reduced to H2O
5. H+ ions reenter the mitochondrial matrix and drive ATP-synthase reaction to produce ATP