Exhibit (a)(1)(ii)
CAS MEDICAL SYSTEMS, INC.
ELECTION TO TENDER ELIGIBLE OPTIONS PURSUANT TO
THE OFFER TO PURCHASE, DATED MARCH 15, 2019
To: CAS MEDICAL SYSTEMS, INC.
I have received and read the Offer to Purchase, dated March 15, 2019, and this Election to Tender Eligible Options (the “election form” which, together with the Offer to Purchase, as they may be amended from time to time, constitutes the “offer”). All terms used in this election form but not defined shall have the meaning ascribed to them in the Offer to Purchase.
I understand, acknowledge and agree that:
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Subject to the terms and conditions of the offer, I may tender all but not less than all of my eligible options to CAS Medical Systems, Inc. (“CASMED”) for a cash payment (minus any applicable tax withholding) described in the offer to purchase prior to the expiration of the offer at 5:00 p.m., New York City time, April 17, 2019, as the same may be extended pursuant to the terms of the offer.
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CASMED’s acceptance of the eligible options that I have tendered pursuant to the offer will constitute a binding agreement between CASMED and me upon the terms and subject to the conditions of the offer. Upon CASMED’s acceptance of the eligible options that I have tendered pursuant to the offer, the eligible options shall be purchased and cancelled, and I shall have no right to exercise my eligible options to purchase CASMED common stock under the terms and conditions of such eligible options after the date of CASMED’s acceptance.
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Under the circumstances set forth in the offer, CASMED may terminate or amend the offer and postpone its purchase and cancellation of my tendered eligible options.
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Upon the expiration of the offer, the satisfaction of all of the conditions to the offer and CASMED’s acceptance of the tender of my eligible options, a cash payment will be made to me for my properly tendered eligible options other than those options that have:
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expired before the expiration of this offer; or
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been properly withdrawn from this offer by me; or
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been exercised by me before the expiration of this offer.
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I have certain rights pursuant to the terms and conditions of the offer to withdraw any eligible options that I tender, and I have the right to exercise any of my eligible options before the expiration of the offer even if I have already tendered them in the offer.
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I will not receive any payment pursuant to this offer for any eligible option that I hold that expires by its terms before expiration of this offer, and I will lose the value of any option that expires. Because of the possibility that CASMED may choose to extend the expiration date of the offer, it is not possible to determine with any certainty when the offer will expire. Accordingly, I understand that it is my responsibility to decide whether to exercise any of my eligible options before they expire.
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The purchase price in connection with the tender of my eligible options will represent ordinary compensation income, and the amount of the option payment actually delivered to me will reflect required tax withholdings by CASMED.
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CASMED has advised me to consult with my own advisors as to the consequences of participating or not participating in the offer.