Oxygen acts as an acceptor of electrons during this process.
Electrons are passed from one carrier to another along the electron transport chain, releasing energy at each step.
Electron transport chain - series of protein complexes embedded within inner mitochondrial membrane that transfer H+ across it, creating electrochemical gradient
Complex I (NADH dehydrogenase) accepts two electrons from NADH and transfers them to coenzyme Q (ubiquinone)