NOTICE OF GUARANTEED DELIVERY
For Tender of Shares of Class A Common Stock
BBX CAPITAL, INC.
(Not to be used for signature guarantees)
As set forth in Section 3 of the Offer to Purchase (as defined below), this form must be used to accept the Offer (as defined below) if you desire to tender your shares of Class A Common Stock, par value $0.01 per share, of BBX Capital, Inc., a Florida corporation, but all required documents cannot be delivered to the Depositary (as defined below) prior to the Expiration Time, or if the procedure for book-entry transfer of the shares desired to be tendered cannot be completed before the Expiration Time. See Section 3 of the Offer to Purchase.
This form, properly completed and duly executed, may be delivered to the Depositary as follows:
The Depositary for the Offer is:
Equiniti Trust Company, LLC
Attn: Reorganization Department
6201 15th Avenue
Brooklyn, New York 11219
Fax: (718) 234-5001
Telephone to confirm fax: (718) 921-8317
DELIVERY OF THIS NOTICE OF GUARANTEED DELIVERY TO AN ADDRESS OR FACSIMILE NUMBER OTHER THAN AS SET FORTH ABOVE WILL NOT CONSTITUTE A VALID DELIVERY.
THIS NOTICE OF GUARANTEED DELIVERY 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 SECTION 3 OF THE OFFER TO PURCHASE) UNDER THE INSTRUCTIONS TO THE LETTER OF TRANSMITTAL, 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 deliver to the Depositary the Letter of Transmittal or an agents message (as defined in Section 3 of the Offer to Purchase) and all other required documents to tender the Shares within the time period described 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 BBX Capital, Inc., a Florida corporation (the Company), on the terms and subject to the conditions set forth in the Companys Offer to Purchase, dated November 20, 2023 (as it may be amended or supplemented from time to time, the Offer to Purchase), and the related Letter of Transmittal (as it may be amended or supplemented from time to time, which together the Offer to Purchase, constitute the Offer), receipt of which is hereby acknowledged, the number of shares of Class A Common Stock, par value $0.01 per share (the Shares), of the Company set forth below, all pursuant to the guaranteed delivery procedures set forth in Section 3 of the Offer to Purchase.
Number of Shares to be tendered: Shares*
|Name(s) of Record Holders:|
|Taxpayer Identification or Social Security Number:|
|Area Code and Telephone No(s):|
|Signature(s) of Holder(s):|
Check the following box and provide the following information if Shares will be tendered by book-entry transfer: ☐
|Name of Tendering Institution:|
|Account Number at DTC:|
Unless otherwise indicated, it will be assumed that all Shares held by the undersigned are to be tendered.
THE GUARANTEE BELOW MUST BE COMPLETED.
(Not to be used for signature guarantee)
The undersigned, a firm that is a member in good standing of a recognized Medallion Program approved by the Securities Transfer Association, Inc., including the Securities Transfer Agents Medallion Program, the New York Stock Exchange, Inc. Medallion Signature Program or the Stock Exchange Medallion Program, or is otherwise an eligible guarantor institution, as that term is defined in Rule 17Ad-15 under the Securities Exchange Act of 1934, as amended (the Exchange Act), hereby guarantees (1) that the above named shareholder own(s) the Shares tendered hereby within the meaning of Rule 14e-4 under the Exchange Act, (2) that such tender of Shares complies with Rule 14e-4 under the Exchange Act and (3) to deliver to the Depositary either the certificates representing the Shares tendered hereby, in proper form for transfer, or a book-entry confirmation (as defined in the Offer to Purchase) with respect to such Shares, in any such case together with a properly completed and duly executed Letter of Transmittal, with any required signature guarantees, or an agents message in the case of a book-entry delivery, and any other required documents,, within two trading days (as defined in the Offer to Purchase) after the date hereof.
|Name of Firm:|
|Area Code and Telephone Number:|
Dated: , 2023
NOTE: DO NOT SEND CERTIFICATES FOR SHARES WITH THIS NOTICE.
CERTIFICATES FOR SHARES SHOULD BE SENT WITH THE LETTER OF TRANSMITTAL.