Exhibit 99.5 February 14, 2000 Peapod, Inc. 9933 Woods Drive Skokie, IL 60077 Re: Proposal to Purchase Convertible Preferred Stock and Detachable Warrants of the Company Ladies and Gentlemen: This letter agreement concerns the sale by Peapod, Inc....Proposal to Purchase Convertible Preferred Stock and Detachable Warrants • February 22nd, 2000 • Peapod Inc • Services-business services, nec • New York
