NOTICE OF GUARANTEED DELIVERY
FOR
TENDERED SHARES OF COMMON STOCK
OF
SPORTS RESORTS INTERNATIONAL, INC.
(NOT TO BE USED FOR SIGNATURE GUARANTEES)
THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., EASTERN TIME, ON
MARCH 29, 2006, UNLESS THE OFFER IS EXTENDED.
This Notice of Guaranteed Delivery, or a form substantially equivalent
hereto, must be used to accept the Offer (as deemed below) if certificates for
Shares (as defined below) are not immediately available, if the procedure for
book-entry transfer cannot be completed on a timely basis or if time will not
permit all required documents to reach Registrar & Transfer Company (the
"Depositary") on or prior to the Expiration Date, which is 5:00 P.M., Eastern
Time, on March 29, 2006, unless the period of time for which the Offer is
open is extended, in which case the Expiration Date will be the latest time and
date on which the Offer, as so extended, expires. This form may be delivered by
hand, transmitted by facsimile transmission or mailed to the Depositary. See
"The Tender" Offer -- Procedures for Accepting the Offer and Tendering Shares"
in the Offer to Purchase (as defined below).
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By Mail: By Hand or Overnight Courier:
Registrar and Transfer Company Registrar and Transfer Company
Attn: Reorg/Exchange Dept. Attn: Reorg/Exchange Dept.
P.O. Box 645 10 Commerce Drive
Cranford, New Jersey 07016 Cranford, New Jersey 07016
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DELIVERY OF THIS NOTICE OF GUARANTEED DELIVERY TO AN ADDRESS OTHER THAN ONE
SET FORTH ABOVE OR TRANSMISSION OF INSTRUCTIONS VIA FACSIMILE NUMBER OTHER THAN
THE FACSIMILE NUMBER SET FORTH ABOVE WILL NOT CONSTITUTE A VALID DELIVERY TO THE
DEPOSITARY.
THIS NOTICE OF GUARANTEED DELIVERY TO THE DEPOSITARY IS NOT TO BE USED TO
GUARANTEE SIGNATURES. IF A SIGNATURE ON A LETTER OF TRANSMITTAL IS REQUIRED TO
BE GUARANTEED BY AN "ELIGIBLE INSTITUTION" (AS DEFINED IN THE OFFER TO PURCHASE)
UNDER THE INSTRUCTIONS THERETO, SUCH SIGNATURE GUARANTEES MUST APPEAR IN THE
APPLICABLE SPACE PROVIDED IN THE SIGNATURE BOX ON THE LETTER OF TRANSMITTAL.
The Eligible Institution that completes this form must communicate the
guarantee to the Depositary and must deliver the Letter of Transmittal or an
Agent's Message (as defined in the Offer to Purchase) and certificates for
Shares to the Depositary within the time period shown herein. Failure to do so
could result in a financial loss to such Eligible Institution.
THE GUARANTEE ON THE REVERSE SIDE MUST BE COMPLETED.
Ladies and Gentlemen:
The undersigned hereby tenders to Sports Resorts International, Inc., a
Michigan corporation (the "Company"), upon the terms and subject to the
conditions set forth in the Offer to Purchase dated March 1, 2006 (the "Offer to
Purchase"), and the related Letter of Transmittal (which, together with any
amendments or supplements thereto, constitute the "Offer"), receipt of which is
hereby acknowledged, the number of shares of common stock of the Company, $.01
par value (the "Shares"), set forth below, pursuant to the guaranteed delivery
procedures described under the section of the Offer to Purchase entitled "The
Tender Offer -- Procedures for Accepting the Offer and Tendering Shares."
Number of Shares Tendered:
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Certificate No(s) (if available):
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[ ] Check if securities will be tendered by book-entry transfer.
Name of Tendering Institution:
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Account No.:
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Dated: ------------------------------ , 2006
Name(s) of Record Holder(s)
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(please print)
Address(es):
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(Zip Code)
Area Code and Telephone No(s):
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Signature(s):
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2
GUARANTEE
(NOT TO BE USED FOR SIGNATURE GUARANTEE)
The undersigned, a bank, broker, dealer, credit union, savings association
or other entity that is a member in good standing of the Securities Transfer
Agents Medallion Program, (a) represents that the above named person(s) "own(s)"
the Shares tendered hereby within the meaning of Rule 14E-4 promulgated under
the Securities Exchange Act of 1934, as amended ("Rule 14E-4"), (b) represents
that such tender of Shares complies with Rule 14e-4 and (c) guarantees to
deliver to the Depositary either the certificates evidencing all tendered
Shares, in proper form for transfer, or to deliver Shares pursuant to the
procedure for book-entry transfer to the Depositary at Registrar & Transfer
Company (the "Book-Entry Transfer Facility"), in either case together with the
Letter of Transmittal (or a facsimile thereof) properly completed and duly
executed, with any required signature guarantees or an Agent's Message (as
defined in the Offer to Purchase) in the case of a book-entry delivery, and any
other required documents, all within three NASDAQ Stock Market trading days
after the date hereof.
Name of Firm:
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Address:
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(Zip Code)
Area Code and Telephone Number:
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(Authorized Signature)
Title:
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Name:
--------------------------------------------------------------------------
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(Please Type or Print)
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Dated: ------------------------------ , 2006
NOTE: DO NOT SEND CERTIFICATES FOR SHARES WITH THIS NOTICE. CERTIFICATES
FOR SHARES SHOULD BE SENT WITH YOUR LETTER OF TRANSMITTAL.
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