Amendment to Executive Stock Pledge, Security and Retention Agreement between Brian Derr and Apropos Technology, Inc.
This amendment updates the Executive Stock Pledge, Security and Retention Agreement originally made on May 9, 2001, between Brian Derr and Apropos Technology, Inc. The main change extends a referenced time period in Section 2 of the original agreement from one year to two years. All other terms remain as previously agreed. The amendment is effective as of March 25, 2002, and is signed by both parties.
Exhibit 10.2
AMENDMENT TO EXECUTIVE STOCK PLEDGE, SECURITY AND
RETENTION AGREEMENT
This agreement is to amend certain provisions of that certain Executive Stock Pledge, Security and Retention Agreement dated May 9, 2001 (the “Pledge Agreement”) from Brian Derr (“Executive”) and payable to Apropos Technology, Inc., an Illinois corporation (the “Company”). Terms used herein but not defined herein shall have the meanings ascribed to such terms as set forth in the Pledge Agreement.
The reference in the second sentence of Section 2 of the Pledge Agreement to one year from the date hereof is replaced with two years from the date hereof.
Agreed and accepted to this 25th day of March, 2002.
| /s/ Brian Derr |
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| Apropos Technology, Inc. | ||
| Executive |
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| By: | /s/ Frank Leonard |
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| Its: Chief Financial Officer | ||
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