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EXHIBIT 99.2
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RIGHTS OFFERING OF 1,500,000 SHARES OF
COMMON STOCK AT $1.25 PER SHARE
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THE RIGHTS OFFERING WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON
, , 2000, UNLESS WE EXTEND IT.
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NOTICE OF GUARANTEED DELIVERY
FOR RIGHTS CERTIFICATES ISSUED BY
PAPER WAREHOUSE, INC.
This Notice of Guaranteed Delivery, or one substantially equivalent
hereto, must be used to exercise rights pursuant to the rights offering
described in the prospectus dated August 31, 2000 of Paper Warehouse, Inc., a
Minnesota corporation, if a holder of rights cannot deliver the rights
certificate(s) evidencing the rights to Wells Fargo Bank Minnesota, N.A. at or
prior to 5:00 p.m. New York City time on , 2000, unless
extended. Such form must be delivered by hand or sent by facsimile transmission
or mail to Wells Fargo Bank Minnesota, N.A., and must be received by Wells Fargo
Bank Minnesota, N.A. on or prior to the expiration date of the rights offering.
See the discussion set forth under "The Rights Offering--Guaranteed Delivery
Procedures" in the accompanying prospectus.
Regardless of the manner of delivery of the rights certificate, payment
of the subscription price of $1.25 per share for each share of Paper Warehouse,
Inc. common stock subscribed for upon exercise of such rights must be received
by Wells Fargo Bank Minnesota, N.A. in the manner specified in the prospectus at
or prior to 5:00 p.m. New York City time on the expiration date of the rights
offering.
THE SUBSCRIPTION AGENT IS:
WELLS FARGO BANK MINNESOTA, N.A.
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IF BY MAIL: FACSIMILE TRANSMISSION IF BY OVERNIGHT COURIER OR HAND
(FOR ELIGIBLE INSTITUTIONS ONLY) DELIVERY:
Wells Fargo Shareowner Services
Reorganization Department (651) 450-4163 Wells Fargo Shareowner Services
Wells Fargo Bank Minnesota, N.A. Reorganization Department
P.O. Box 64858 CONFIRM RECEIPT OF FACSIMILE Wells Fargo Bank Minnesota, N.A.
St. Paul, MN 55164-0858 BY TELEPHONE: 161 North Concord Exchange
South St. Paul, MN 55075
(651) 450-4110
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DELIVERY OF THIS NOTICE OF GUARANTEED DELIVERY TO AN ADDRESS OTHER THAN
AS SET FORTH ABOVE OR TRANSMISSION OF INSTRUCTIONS VIA A FACSIMILE OTHER THAN AS
SET FORTH ABOVE WILL NOT CONSTITUTE A VALID DELIVERY.
Ladies and Gentlemen:
The undersigned hereby represents that he or she is the holder of
rights certificate(s) representing ____________ rights and that such rights
certificate(s) cannot be delivered to Wells Fargo Bank Minnesota, N.A., the
subscription agent, at or before 5:00 p.m., New York City time, on the
expiration date of the rights offering. Upon the terms and subject to the
conditions set forth in the prospectus for the Paper Warehouse, Inc. rights
offering, receipt of which is hereby acknowledged, the undersigned hereby elects
to exercise the rights to subscribe for one share of Paper Warehouse, Inc.
common stock per each whole right represented by such rights certificate(s). The
undersigned understands that payment of the subscription price of $1.25 per
share for each share of the common stock subscribed for pursuant to the rights
must be received by the subscription agent at or before 5:00 p.m. New York City
time on the expiration date of the rights offering. The undersigned represents
that such payment, in the aggregate amount of $__________, either (check
appropriate box):
/ / is being delivered to Wells Fargo Bank Minnesota, N.A. herewith, or
/ / has been delivered separately to Wells Fargo Bank Minnesota, N.A.;
and is or was delivered in the manner set forth below (check appropriate box and
complete information relating thereto):
/ / wire transfer of funds
--name of transferor institution _______________________
--date of transfer ______________________________________
--confirmation number (if available)_____________________
/ / uncertified check (Payment by uncertified check will not be deemed to
have been received by the subscription agent until such check has
cleared. Holders paying by such means are urged to make payment
sufficiently in advance of the expiration date to ensure that such
payment clears by such date.)
/ / certified or cashier's check
/ / U.S. postal money order
--name of maker__________________________________________
--date of check, draft or money order number_____________
--bank on which check is drawn or issuer of
money order ___________________________________________
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Number of Rights___________________ Name(s) of Record Holder(s) ____________
Certificate No(s). (if available)__ Address(es): ___________________________
___________________________________ ________________________________________
Area Code and Telephone Number(s):
________________________________________
If right(s) will be exercised by book entry transfer, check box below:
/ / The Depository Trust Company
Account Number_____________________ Signature(s): __________________________
Date ______________________________
GUARANTEE OF DELIVERY
(NOT TO BE USED FOR RIGHTS CERTIFICATE SIGNATURE GUARANTEE)
The undersigned, a member firm of a registered national securities
exchange or member of the National Association of Securities Dealers, Inc.,
commercial bank or trust company having an office or correspondent in the United
States, or other eligible guarantor institution that is a member of or a
participant in a signature guarantee program acceptable to Wells Fargo Bank
Minnesota, N.A., guarantees that the undersigned will deliver to Wells Fargo
Bank Minnesota, N.A. the certificates representing the rights being exercised
hereby, with any required signature guarantees and any other required documents,
all within three (3) Nasdaq SmallCap Market trading days after the date hereof.
Name of Firm:______________________ _______________________________________
(Authorized Signature)
Address:___________________________ Name: _________________________________
(Please Type or Print)
___________________________________ Title: ________________________________
(Zip Code)
Area Code
and Telephone Numbers:_____________ Date: _________________________________
The institution which completes this form must communicate the
guarantee to Wells Fargo Bank Minnesota, N.A. and must deliver the rights
certificate(s) to Wells Fargo Bank Minnesota, N.A. within the time period shown
herein. Failure to do so could result in a financial loss to such institution.
