APROPOS TECHNOLOGY, INC.
OFFER TO EXCHANGE OPTIONS
NOTICE TO CHANGE ELECTION FROM ACCEPT TO REJECT
I received, signed and returned the Election Form, in which I elected to accept Apropos Technology, Inc's ("Apropos") offer to exchange (the "Offer") some of or all of my options. I now wish to change that election and reject Apropos' Offer to exchange my options. I understand that by signing this Notice and delivering it to Frank Leonard by 11:59 p.m. Central Daylight Time on June 25, 2001, I will be able to withdraw my acceptance of the Offer and reject the Offer to exchange options instead. I have read and understand all the terms and conditions of the Offer to exchange options. I have read and understand the instructions attached to this Notice.
I understand that in order to reject the Offer, I must sign, date and deliver this Notice via facsimile (fax # (630) 472-9836) or hand delivery to Frank Leonard by 11:59 p.m. Central Daylight Time on June 25, 2001.
I understand that by rejecting the Offer to exchange options, I will not receive any New Options pursuant to the Offer and I will keep the Old Options that I have. These options will continue to be governed by the stock option plan under which they were granted and by the existing option agreements between Apropos and me.
I understand that I may change this election, and once again accept the Offer to exchange options, by submitting a new Election Form to Frank Leonard via facsimile (fax # (630) 472-9836) prior to 11:59 p.m. Central Daylight Time on June 25, 2001.
I have signed this Notice and printed my name exactly as it appears on the Election Form.
I do not accept the Offer to exchange any options.
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EMPLOYEE SIGNATURE | NATIONAL INSURANCE/SOCIAL SECURITY/NATIONAL ID/TAX FILE NUMBER | |||
EMPLOYEE NAME (PLEASE PRINT) | E-MAIL ADDRESS | DATE AND TIME | ||
RETURN TO FRANK LEONARD NO LATER THAN
11:59 P.M. CDT ON JUNE 25, 2001 VIA FACSIMILE AT (630) 472-9836
OR BY HAND DELIVERY
APROPOS WILL SEND AN E-MAIL
CONFIRMATION WITHIN 48 HOURS OF RECEIPT
INSTRUCTIONS
FORMING PART OF THE TERMS AND CONDITIONS OF THE OFFER
A properly completed and executed original of this Notice to Change Election From Accept to Reject (or a facsimile of it), and any other documents required by this Notice to Change Election From Accept to Reject, must be received by Frank Leonard either via hand delivery or via the facsimile number listed on the front cover of this Notice to Change Election From Accept to Reject (fax # (630) 472-9836) on or before 11:59 p.m. Central Daylight Time on June 25, 2001 (the "Expiration Date").
THE METHOD BY WHICH YOU DELIVER ANY REQUIRED DOCUMENTS IS AT YOUR OPTION AND RISK, AND THE DELIVERY WILL BE DEEMED MADE ONLY WHEN ACTUALLY RECEIVED BY THE COMPANY. YOU MAY HAND DELIVER YOUR NOTICE TO CHANGE ELECTION FROM ACCEPT TO REJECT TO FRANK LEONARD AT APROPOS TECHNOLOGY, INC. (THE "COMPANY"), OR YOU MAY FAX IT TO HIM AT THE NUMBER LISTED ON THE FRONT COVER OF THIS NOTICE TO CHANGE ELECTION FROM ACCEPT TO REJECT. IN ALL CASES, YOU SHOULD ALLOW SUFFICIENT TIME TO ENSURE TIMELY DELIVERY.
Although by submitting a Notice to Change Election From Accept to Reject you have withdrawn your tendered options from the Offer, you may change your mind and re-accept the Offer until the expiration of the Offer. Tenders of options made through the Offer may be made at any time before the Expiration Date. If the Offer is extended by the Company beyond that time, you may tender your options at any time until the extended expiration of the Offer. To change your mind and elect to participate in the Offer, you must deliver a new signed and dated Election Form, or a facsimile of the Election Form, with the required information to the Company, while you still have the right to participate in the Offer. Your options will not be properly tendered for purposes of the Offer unless the withdrawn options are properly re-tendered before the Expiration Date by delivery of the new Election Form following the procedures described in the Instructions to the Election Form.
IF YOU DO NOT WISH TO WITHDRAW ALL YOUR TENDERED OPTIONS FROM THE OFFER, YOU SHOULD NOT FILL OUT THIS NOTICE TO CHANGE ELECTION FROM ACCEPT TO REJECT. IF YOU WISH TO CHANGE YOUR ELECTION WITH RESPECT ONLY TO PARTICULAR OPTIONS, YOU SHOULD SUBMIT A NEW ELECTION FORM INSTEAD. To change your election regarding particular tendered options while continuing to elect to participate in the Offer, you must deliver a signed and dated new Election Form, with the required information, following the procedures described in the Instructions to the Election Form before the Expiration Date or, if the Offer is extended, before the extended expiration of the Offer. Upon the receipt of such a new, properly signed and dated Election Form, any previously submitted Election Form or Notice to Change Election From Accept to Reject will be disregarded and will be considered replaced in full by the new Election Form.
By signing this Notice to Change Election From Accept to Reject (or a facsimile of it), you waive any right to receive any notice of the withdrawal of the tender of your options, except as provided for in the Offer to Exchange.
If this Notice to Change Election From Accept to Reject is signed by the holder of the Eligible Options, the signature must correspond with the name as written on the face of the option agreement or agreements to which the options are subject without alteration, enlargement or any change whatsoever.
If this Notice to Change Election From Accept to Reject is signed by a trustee, executor, administrator, guardian, attorney-in-fact, officer of a corporation or other person acting in a fiduciary or representative capacity, that person should so indicate when signing, and proper evidence satisfactory to the Company of the authority of that person so to act must be submitted with this Notice to Change Election From Accept to Reject.
In addition to signing this Notice to Change Election From Accept to Reject, you must print your name and indicate the date and time at which you signed. You must also include a current e-mail address and your
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identification number, such as your social security number, tax identification number or national identification number, as appropriate.
Any questions or requests for assistance, as well as requests for additional copies of the Offer to Exchange or this Notice to Change Election From Accept to Reject may be directed to Frank Leonard Apropos Technology, Inc., One Tower Lane, 28th floor, Oakbrook Terrace, Illinois 60181, telephone number (630) 575-7724. Copies will be furnished promptly at the Company's expense.
All questions as to the validity, form, eligibility (including time of receipt) and acceptance of this withdrawal from the Offer will be determined by the Company in its discretion. The Company's determinations shall be final and binding on all parties. The Company reserves the right to reject any or all Notices to Change Election From Accept to Reject that the Company determines not to be in proper form or the acceptance of which may, in the opinion of the Company's counsel, be unlawful. The Company also reserves the right to waive any of the conditions of the Offer and any defect or irregularity in the Notice to Change Election From Accept to Reject, and the Company's interpretation of the terms of the Offer (including these instructions) will be final and binding on all parties. No Notice to Change Election From Accept to Reject will be deemed to be properly made until all defects and irregularities have been cured or waived. Unless waived, any defects or irregularities in connection with Notices to Change Election From Accept to Reject must be cured within the time as the Company shall determine. Neither the Company nor any other person is or will be obligated to give notice of any defects or irregularities in Notices to Change Election From Accept to Reject, and no person will incur any liability for failure to give any such notice.
IMPORTANT: THE NOTICE TO CHANGE ELECTION FROM ACCEPT TO REJECT (OR A FACSIMILE COPY OF IT) TOGETHER WITH ALL OTHER REQUIRED DOCUMENTS MUST BE RECEIVED BY THE COMPANY, ON OR BEFORE THE EXPIRATION DATE.
You should be sure to read the Offer to Exchange, all documents referenced therein before deciding to participate in the Offer.
You should refer to Section 14 of the Offer to Exchange, which contains important U.S. federal income tax information. If you live or work in the United Kingdom, you should refer to Section 15 for a discussion of tax consequences which may apply to you.
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