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EXHIBIT 99.1
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THE EXCHANGE OFFER WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON ________ ,
2001 UNLESS EXTENDED (THE "EXPIRATION DATE").
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TRI-UNION DEVELOPMENT CORPORATION
TRI-UNION OPERATING COMPANY
LETTER OF TRANSMITTAL
FOR
OFFER TO EXCHANGE
$130,000,000 REGISTERED 12.5% SENIOR SECURED NOTES DUE 2006
FOR
ALL OUTSTANDING UNREGISTERED 12.5% SENIOR SECURED NOTES DUE 2006
THE EXCHANGE AGENT
FOR THE EXCHANGE OFFER IS:
[_____________________]
For Delivery by Mail/ For Delivery by Registered Certified Mail:
Hand Delivery/Overnight Delivery:
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Attn:
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Attn:
By Facsimile Transmission (for eligible institutions only):
To Confirm Receipt:
(Originals of all documents sent by facsimile should be sent promptly by
registered or certified mail, by hand or by overnight delivery service.)
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DELIVERY OF THIS LETTER OF TRANSMITTAL TO AN ADDRESS OTHER THAN AS SET FORTH
ABOVE OR TRANSMISSION OF INSTRUCTIONS VIA FACSIMILE TRANSMISSION TO A NUMBER
OTHER THAN AS SET FORTH ABOVE WILL NOT CONSTITUTE A VALID DELIVERY. THE
INSTRUCTIONS CONTAINED HEREIN SHOULD BE READ CAREFULLY BEFORE THIS LETTER OF
TRANSMITTAL IS COMPLETED. DO NOT DELIVER THIS LETTER OF TRANSMITTAL TO TRI-UNION
DEVELOPMENT CORPORATION OR TRI-UNION OPERATING COMPANY
By completing this letter of transmittal ("Letter of Transmittal"), you
acknowledge that you have received and reviewed the prospectus dated July __,
2001 (the "Prospectus") of Tri-Union Development Corporation ("Tri-Union") and
Tri-Union Operating Company ("Tri-Union Operating") and this Letter of
Transmittal, which together constitute the "Exchange Offer." This Letter of
Transmittal and the Prospectus have been delivered to you in connection with
Tri-Union's and Tri-Union Operating's offer to exchange $130,000,000 in
aggregate principal amount of Tri-Union's 12.5% Senior Secured Notes due 2006
("New Notes"), which have been registered under the Securities Act of 1933, as
amended (the "Securities Act") for the same amount of Tri-Union's outstanding
unregistered 12.5% Senior Secured Notes due 2006 ("Old Notes"). $130,000,000 in
aggregate principal amount of Old Notes are currently issued and outstanding.
Tri-Union and Tri-Union Operating reserve the right, at any time or
from time to time, to extend the Exchange Offer at their discretion, in which
event the term "Expiration Date" shall mean the latest date to which the
Exchange Offer is extended. Tri-Union and Tri-Union Operating shall notify the
Exchange Agent and each registered holder of the Old Notes of any extension by
oral or written notice prior to 9:00 a.m., New York City time, on the next
business day after the previously scheduled Expiration Date.
This Letter of Transmittal is to be completed by a Holder (this term is
defined below) of Old Notes if:
(1) the Holder is delivering certificates for Old Notes with this
document, or
(2) the tender of certificates for Old Notes will be made by
book-entry transfer to the account maintained by
________________, the exchange agent (the "Exchange Agent")
for these notes, at The Depository Trust Company ("DTC")
according to the procedures described in the Prospectus under
the heading "The Exchange Offer - Exchange Offer Procedures."
Please note that delivery of documents required by this Letter
of Transmittal to DTC does not constitute delivery to the
Exchange Agent.
You must tender your Old Notes according to the guaranteed delivery
procedures described in this document if:
(1) your Old Notes are not immediately available;
(2) you cannot deliver your Old Notes, this Letter of Transmittal
and all required documents to the Exchange Agent before on or
before the Expiration Date; or
(3) you are unable to obtain confirmation of a book-entry tender
of your Old Notes into the Exchange Agent's account at DTC on
or before the Expiration Date.
More complete information about guaranteed delivery procedures is
contained in the Prospectus under the heading "The Exchange Offer - Exchange
Offer Procedures - Guaranteed Delivery Procedures."
As used in this Letter of Transmittal, the term "Holder" means (1) any
person in whose name Old Notes are registered on the books of Tri-Union, (2) any
other person who has obtained a properly executed bond power from the registered
Holder or (3) any person whose Old Notes are held of record by DTC who desires
to deliver such notes by book-entry transfer at DTC. You should use this Letter
of Transmittal to indicate whether or not you would
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like to participate in the Exchange Offer. If you decide to tender your Old
Notes, you must complete this entire Letter of Transmittal.
PLEASE READ THE ENTIRE LETTER OF TRANSMITTAL AND THE PROSPECTUS
CAREFULLY BEFORE CHECKING ANY BOX BELOW. IF YOU HAVE QUESTIONS OR NEED HELP, OR
IF YOU WOULD LIKE ADDITIONAL COPIES OF THE PROSPECTUS AND THIS LETTER OF
TRANSMITTAL, YOU SHOULD CONTACT THE EXCHANGE AGENT AT ______________ OR AT ITS
ADDRESS SET FORTH ABOVE.
List below the Old Notes to which this Letter of Transmittal relates.
If the space below is inadequate, list the registered numbers and principal
amount on a separate signed schedule and affix the list to this Letter of
Transmittal.
DESCRIPTION OF OLD NOTES TENDERED
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Name(s) and Address(es) of Registered Owner(s) as (it/they)
appear(s) on the Old Notes
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Aggregate Certificate Principal Amount Principal Amount Tendered
Numbers of Old Notes* Represented by Old Notes
Total Principal Amount of
Old Notes Tendered**
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(If additional space is required, attach a continuation sheet in
substantially the above form.)
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* Need not be completed by book-entry holders.
** Unless otherwise indicated, any tendering holder of Old Notes will be
deemed to have tendered the entire aggregate principal amount
represented by such Old Notes. All tenders must be in integral
multiples of $1,000.
METHOD OF DELIVERY
[ ] Check here if tendered Old Notes are enclosed herewith.
[ ] Check here if tendered Old Notes are being delivered by book-entry
transfer made to an account maintained by the Exchange Agent with a
Book-Entry Transfer Facility and complete the following:
Name of Tendering Institution:
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Account Number:
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Transaction Code Number:
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[ ] Check here if tendered Old Notes are being delivered pursuant to a
Notice of Guaranteed Delivery and complete the following:
Name(s) of Registered Holder(s):
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Date of Execution of Notice of Guaranteed Delivery:
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Window Ticket Number (if available):
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Name of Eligible Institution that guaranteed delivery:
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Account Number (if delivered by book-entry transfer):
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SIGNATURES MUST BE PROVIDED BELOW
PLEASE READ THE ACCOMPANYING INSTRUCTIONS CAREFULLY
Ladies and Gentlemen:
According to the terms and conditions of the Exchange Offer, I hereby
tender to Tri-Union and Tri-Union Operating the principal amount of Old Notes
indicated above. At the time these notes are accepted by Tri-Union and Tri-Union
Operating, and exchanged for the same principal amount of New Notes, I will
sell, assign, and transfer to Tri-Union all right, title and interest in and to
the Old Notes I have tendered. I am aware that the Exchange Agent also acts as
the agent of Tri-Union and Tri-Union Operating. By executing this document, I
irrevocably appoint the Exchange Agent as my agent and attorney-in-fact for the
tendered Old Notes with full power of substitution to:
1. deliver certificates for the Old Notes, or transfer ownership
of the Old Notes on the account books maintained by DTC, to
Tri-Union and deliver all accompanying evidences of transfer
and authenticity to Tri-Union, and
2. present the Old Notes for transfer on the books of Tri-Union,
receive all benefits and exercise all rights of beneficial
ownership of these Old Notes, according to the terms of the
Exchange Offer. The power of attorney granted in this
paragraph is irrevocable and coupled with an interest.
I represent and warrant that I have full power and authority to tender,
sell, assign, and transfer the Old Notes that I am tendering. I represent and
warrant that Tri-Union will acquire good and unencumbered title to the Old
Notes, free and clear of all liens, restrictions, charges and encumbrances and
that the Old Notes will not be subject to any adverse claim at the time
Tri-Union acquires them. I further represent that:
1. any New Notes I will acquire in exchange for the Old Notes I
have tendered will be acquired in the ordinary course of
business;
2. I have not engaged in, do not intend to engage in, and have no
arrangement with any person to engage in, a distribution of
any New Notes issued to me; and
3. I am not an "affiliate" (as defined in Rule 405 under the
Securities Act) of Tri-Union or Tri-Union Operating.
I understand that the Exchange Offer is being made in reliance on
interpretations contained in letters issued to third parties by the staff of the
Securities and Exchange Commission ("Commission"). These letters provide that
the New Notes issued in exchange for the Old Notes in the Exchange Offer may be
offered for resale, resold, and otherwise transferred by a Holder of New Notes,
unless that person is an "affiliate" of Tri-Union or Tri-Union Operating within
the meaning of Rule 405 under the Securities Act, without compliance with the
registration and prospectus delivery provisions of the Securities Act. The New
Notes must be acquired in the ordinary course of the
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▇▇▇▇▇▇'s business and the Holder must not be engaging in, must not intend to
engage in, and must not have any arrangement or understanding with any person to
participate in, a distribution of the New Notes.
If I am a broker-dealer that will receive New Notes for my own account
in exchange for Old Notes that were acquired as a result of market-making
activities or other trading activities (an "Exchanging Dealer"), I acknowledge
that I will deliver a prospectus in connection with any resale of the New Notes.
However, by this acknowledgment and by delivering a prospectus, I will not be
deemed to admit that I am an "underwriter" within the meaning of the Securities
Act.
[Tri-Union and Tri-Union Operating have agreed that, subject to the
provisions of the registration rights agreement, the Prospectus, as it may be
amended or supplemented from time to time, may be used by an Exchanging Dealer
in connection with resales of New Notes received in exchange for Old Notes,
where such Old Notes were acquired by such Exchanging Dealer for its own account
as a result of market- making activities or other trading activities, for a
period ending 180 days after the Expiration Date (subject to extension under
certain limited circumstances described in the Prospectus) or, if earlier, when
all such New Notes have been disposed of by such Exchanging Dealer. In that
regard, if I am an Exchanging Dealer, by tendering such Old Notes and executing
this Letter of Transmittal, I agree that, upon receipt of notice from Tri-Union
and Tri-Union Operating of the occurrence of any event or the discovery of any
fact which makes any statement contained or incorporated by reference in the
Prospectus untrue in any material respect or which causes the Prospectus to omit
to state a material fact necessary in order to make the statements contained or
incorporated by reference therein, in light of the circumstances under which
they were made, not misleading or of the occurrence of certain other events
specified in the registration rights agreement, I will suspend the sale of New
Notes pursuant to the Prospectus until Tri-Union and Tri-Union Operating have
amended or supplemented the Prospectus to correct such misstatement or omission
and have furnished copies of the amended or supplemented Prospectus to the
Exchanging Dealer or Tri-Union and Tri-Union Operating has given notice that the
sale of the New Notes may be resumed, as the case may be. If Tri-Union and
Tri-Union Operating give such notice to suspend the sale of the New Notes, they
shall extend the 180-day period referred to above during which Exchanging
Dealers are entitled to use the Prospectus in connection with the resale of New
Notes by the number of days during the period from and including the date of the
giving of such notice to and including the date when Exchanging Dealers shall
have received copies of the supplemented or amended Prospectus necessary to
permit resales of the New Notes or to and including the date on which Tri-Union
and Tri-Union Operating have given notice that the sale of New Notes may be
resumed, as the case may be.]
Upon request, I will execute and deliver any additional documents
deemed by the Exchange Agent, Tri-Union or Tri-Union Operating to be necessary
or desirable to complete the assignment, transfer, and purchase of the Old Notes
I have tendered.
I understand that Tri-Union and Tri-Union Operating will be deemed to
have accepted validly tendered Old Notes when Tri-Union or Tri-Union Operating
give oral or written notice of acceptance to the Exchange Agent.
If, for any reason, any tendered Old Notes are not accepted for
exchange in the Exchange Offer, certificates for those unaccepted Old Notes will
be returned to me without charge at the address shown below or at a different
address if one is listed under "Special Delivery Instructions." Any unaccepted
Old Notes which had been tendered by book-entry transfer will be credited to an
account at DTC, as soon as reasonably possible after the Expiration Date.
All authority granted or agreed to be granted by this Letter of
Transmittal will survive my death, incapacity or, if I am a corporation or
institution, my dissolution and every obligation under this Letter of
Transmittal is binding upon my heirs, personal representatives, successors, and
assigns.
I understand that tenders of Old Notes according to the procedures
described in the Prospectus under the heading "The Exchange Offer - Exchange
Offer Procedures" and in the instructions included in this document
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constitute a binding agreement between myself, Tri-Union and Tri-Union Operating
subject to the terms and conditions of the Exchange Offer.
Unless I have described other instructions in this Letter of
Transmittal under the section "Special Issuance Instructions," please issue the
certificates representing New Notes issued in exchange for my tendered and
accepted Old Notes in my name, and issue any replacement certificates for Old
Notes not tendered or not exchanged in my name. Similarly, unless I have
instructed otherwise under the section "Special Delivery Instructions," please
send the certificates representing the New Notes issued in exchange for tendered
and accepted Old Notes and any certificates for Old Notes that were not tendered
or not exchanged, as well as any accompanying documents, to me at the address
shown below my signature. If both "Special Payment Instructions" and "Special
Delivery Instructions" are completed, please issue the certificates representing
the New Notes issued in exchange for my tendered and accepted Old Notes in the
name(s) of, and return any Old Notes that were not tendered or exchanged and
send such certificates to, the person(s) so indicated. I understand that if
Tri-Union and tri-Union Operating do not accept any of the tendered Old Notes
for exchange, Tri-Union and tri-Union Operating have no obligation to transfer
any Old Notes from the name of the registered Holder(s) according to my
instructions in the "Special Payment Instructions" and "Special Delivery
Instructions" sections of this document.
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SPECIAL ISSUANCE INSTRUCTION
(SEE INSTRUCTIONS 4, 5 AND 6)
To be completed only (i) if Old Notes in a principal amount not tendered, or New
Notes issued in exchange for Old Notes accepted for exchange, are to be issued
in the name of someone other than you, or (ii) if Old Notes tendered by
book-entry transfer which are not exchanged are to be returned by credit to an
account maintained at the Book-Entry Transfer Facility. Issue New Notes and/or
Old Notes to:
Name:
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(Type or Print)
Address:
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(Zip Code)
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(Tax Identification or Social Security Number)
(Complete Substitute Form W-9)
Credit unexchanged Old Notes delivered by book-entry transfer to the Book-Entry
Transfer Facility set forth below:
Book-Entry Transfer Facility Account Number:
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SPECIAL DELIVERY INSTRUCTIONS
(SEE INSTRUCTIONS 4, 5 AND 6)
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To be completed ONLY if the New Notes are to be issued or sent to
someone other than you or to you at an address other than as indicated above.
[ ] Mail [ ] Issue (check appropriate boxes)
certificates to:
Name:
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(Type or Print)
Address:
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(Zip Code)
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(Tax Identification or Social Security Number)
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SPECIAL BROKER-DEALER INSTRUCTIONS
[] Check here if you are a broker-dealer and wish to receive
additional copies of the Prospectus and any amendments or
supplements thereto.
Name:
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Address:
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(Zip Code)
Number of additional copies
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IMPORTANT
PLEASE SIGN HERE WHETHER OR NOT
OLD NOTES ARE BEING PHYSICALLY TENDERED HEREBY
(Complete Accompanying Substitute Form W-9 on Last Page)
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(Signature(s) of Registered Holders of Old Notes)
Dated __________________________, 2001
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(The above lines must be signed by the registered holder(s) of Old Notes as
name(s) appear(s) on the Old Notes or on a security position listing, or by
person(s) authorized to become registered holder(s) by a properly completed bond
power from the registered holder(s), a copy of which must be transmitted with
this Letter of Transmittal. If Old Notes to which this Letter of Transmittal
relate are held of record by two or more joint holders, then all such holders
must sign this Letter of Transmittal. If signature is by a trustee, executor,
administrator, guardian, attorney-in-fact, officer of a corporation or other
person acting in a fiduciary or representative capacity, then such person must
(i) set forth his or her full title below and (ii) unless waived by Tri-Union
and Tri-Union Operating, submit evidence satisfactory to Tri-Union and Tri-Union
Operating of such person's authority so to act. See Instructions 1 and 5
regarding completion of this Letter of Transmittal, printed below.)
Name(s):
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(Please Type or Print)
Capacity:
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Address:
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(Include Zip Code)
Area Code and Telephone Number:
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MEDALLION SIGNATURE GUARANTEE
(If Required by Instructions 1 and 5)
Certain signatures must be Guaranteed by an Eligible Institution.
Signature(s) Guaranteed by an Eligible Institution:
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(Authorized Signature)
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(Title)
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(Name of Firm)
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(Address, Include Zip Code)
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(Area Code and Telephone Number)
Dated:____________________________, 2001
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INSTRUCTIONS
PART OF THE TERMS AND CONDITIONS OF THE
EXCHANGE OFFER
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1. DELIVERY OF THIS LETTER OF TRANSMITTAL AND OLD NOTES. The tendered Old
Notes or a confirmation of book-entry delivery, as well as a properly
completed and executed copy or facsimile of this Letter of Transmittal
and any other required documents must be received by the Exchange Agent
at its address listed on the cover of this document before 5:00 p.m.,
New York City time, on the Expiration Date. YOU ARE RESPONSIBLE FOR THE
DELIVERY OF THE OLD NOTES, THIS LETTER OF TRANSMITTAL AND ALL REQUIRED
DOCUMENTS TO THE EXCHANGE AGENT. EXCEPT UNDER THE LIMITED CIRCUMSTANCES
DESCRIBED BELOW, THE DELIVERY OF THESE DOCUMENTS WILL BE CONSIDERED TO
HAVE BEEN MADE ONLY WHEN ACTUALLY RECEIVED OR CONFIRMED BY THE EXCHANGE
AGENT. WHILE THE METHOD OF DELIVERY IS AT YOUR RISK AND CHOICE,
TRI-UNION AND TRI-UNION OPERATING RECOMMEND THAT YOU USE AN OVERNIGHT
OR HAND DELIVERY SERVICE RATHER THAN REGULAR MAIL. YOU SHOULD SEND YOUR
DOCUMENTS WELL BEFORE THE EXPIRATION DATE TO ENSURE RECEIPT BY THE
EXCHANGE AGENT. YOU MAY REQUEST THAT YOUR BROKER, DEALER, COMMERCIAL
BANK, TRUST COMPANY OR NOMINEE DELIVER YOUR OLD NOTES, THIS LETTER OF
TRANSMITTAL AND ALL REQUIRED DOCUMENTS TO THE EXCHANGE AGENT. DO NOT
SEND YOUR OLD NOTES TO TRI-UNION OR TRI-UNION OPERATING.
If you wish to tender your Old Notes, but:
(a) your Old Notes are not immediately available;
(b) you cannot deliver your Old Notes, this Letter of
Transmittal and all required documents to the
Exchange Agent before the Expiration Date; or
(c) you are unable to complete the book-entry tender
procedure before the Expiration Date, you must tender
your Old Notes according to the guaranteed delivery
procedure. A summary of this procedure follows, but
you should read the section in the Prospectus titled
"The Exchange Offer -- Exchange Offer Procedures" for
more complete information. As used in this Letter of
Transmittal, an "Eligible Institution" is any
participant in a Recognized Signature Guarantee
Medallion Program within the meaning of Rule 17Ad-15
of the Exchange Act.
For a tender made through the guaranteed delivery procedure to be
valid, the Exchange Agent must receive a properly completed and executed Notice
of Guaranteed Delivery or a facsimile of that notice before 5:00 p.m., New York
City time, on the Expiration Date. The Notice of Guaranteed Delivery must be
delivered by an Eligible Institution and must:
(a) state your name and address;
(b) list the certificate numbers and principal amounts of
the Old Notes being tendered;
(c) state that tender of your Old Notes is being made
through the Notice of Guaranteed Delivery; and
(d) guarantee that this Letter of Transmittal, or a
facsimile of it, the certificates representing the
Old Notes, or a confirmation of DTC book-entry
transfer, and all other required documents will be
deposited with the Exchange Agent by the Eligible
Institution within three New York Stock Exchange
trading days after the Expiration Date.
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The Exchange Agent must receive your Old Notes certificates, or a
confirmation of DTC book entry, in proper form for transfer, this Letter of
Transmittal and all required documents within three New York Stock Exchange
trading days after the Expiration Date or your tender will be invalid and may
not be accepted for exchange.
Tri-Union and Tri-Union Operating have the sole right to decide any
questions about the validity, form, eligibility, time of receipt, acceptance or
withdrawal of tendered Old Notes, and its decision will be final and binding.
Tri-Union's and Tri-Union Operating's interpretation of the terms and conditions
of the Exchange Offer, including the instructions contained in this Letter of
Transmittal and in the Prospectus under the heading "The Exchange Offer --
Conditions to the Exchange Offer," will be final and binding on all parties.
Tri-Union and Tri-Union Operating have the absolute right to reject any
or all of the tendered Old Notes if
(1) the Old Notes are not properly tendered or
(2) in the opinion of counsel, the acceptance of those Old Notes
would be unlawful.
Tri-Union and Tri-Union Operating may also decide to waive any
conditions, defects, or invalidity of tender of Old Notes and accept such Old
Notes for exchange. Any defect or invalidity in the tender of Old Notes that is
not waived by Tri-Union and Tri-Union Operating must be cured within the period
of time set by Tri-Union and Tri-Union Operating.
It is your responsibility to identify and cure any defect or invalidity
in the tender of your Old Notes. Tender of your Old Notes will not be considered
to have been made until any defect is cured or waived. Neither Tri-Union,
Tri-Union Operating, the Exchange Agent nor any other person is required to
notify you that your tender was invalid or defective, and no one will be liable
for any failure to notify you of such a defect or invalidity in your tender of
Old Notes. As soon as reasonably possible after the Expiration Date, the
Exchange Agent will return to the Holder any Old Notes that were invalidly
tendered if the defect of invalidity has not been cured or waived.
2. TENDER BY ▇▇▇▇▇▇. You must be a Holder of Old Notes in order to
participate in the Exchange Offer. If you are a beneficial holder of Old Notes
who wishes to tender, but you are not the registered Holder, you must arrange
with the registered Holder to execute and deliver this Letter of Transmittal on
his, her or its behalf. Before completing and executing this Letter of
Transmittal and delivering the registered Holder's Old Notes, you must either
make appropriate arrangements to register ownership of the Old Notes in your
name, or obtain a properly executed bond power from the registered Holder. The
transfer of registered ownership of Old Notes may take a long period of time.
3. PARTIAL TENDERS. If you are tendering less than the entire principal
amount of Old Notes represented by a certificate, you should fill in the
principal amount you are tendering in the last column of the box entitled
"Description of Old Notes." The entire principal amount of Old Notes listed on
the certificate delivered to the Exchange Agent will be deemed to have been
tendered unless you fill in the appropriate box. If the entire principal amount
of all Old Notes is not tendered, a certificate will be issued for the principal
amount of those untendered Old Notes not tendered.
Unless a different address is provided in the appropriate box on this
Letter of Transmittal, certificate(s) representing New Notes issued in exchange
for any tendered and accepted Old Notes will be sent to the registered Holder at
his or her registered address, promptly after the Old Notes are accepted for
exchange. In the case of Old Notes tendered by book-entry transfer, any
untendered Old Notes and any New Notes issued in exchange for tendered and
accepted Old Notes will be credited to accounts at DTC.
4. SIGNATURES ON THE LETTER OF TRANSMITTAL; BOND POWERS AND
ENDORSEMENTS; GUARANTEE OF SIGNATURES.
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- If you are the registered Holder of the Old Notes tendered with this
document, and are signing this Letter of Transmittal, your signature
must match exactly with the name(s) written on the face of the Old
Notes. There can be no alteration, enlargement, or change in your
signature in any manner. If certificates representing the New Notes, or
certificates issued to replace any Old Notes you have not tendered are
to be issued to you as the registered Holder, do not endorse any
tendered Old Notes, and do not provide a separate bond power.
- If you are not the registered Holder, or if New Note or any replacement
Old Note certificates will be issued to someone other than you, you
must either properly endorse the Old Notes you have tendered or deliver
with this Letter of Transmittal a properly completed separate bond
power. Please note that the signatures on any endorsement or bond power
must be guaranteed by an Eligible Institution.
- If you are signing this Letter of Transmittal but are not the
registered Holder(s) of any Old Notes listed on this document under the
"Description of Old Notes Tendered," the Old Notes tendered must be
endorsed or accompanied by appropriate bond powers, in each case signed
in the name of the registered Holder(s) exactly as it appears on the
Old Notes. Please note that the signatures on any endorsement or bond
power must be guaranteed by an Eligible Institution.
- If this Letter of Transmittal, any Old Notes tendered or any bond
powers are signed by trustees, executors, administrators, guardians,
attorneys-in-fact, officers of corporations, or others acting in a
fiduciary or representative capacity, that person must indicate their
title or capacity when signing. Unless waived by Tri-Union and
tri-Union Operating, evidence satisfactory to Tri-Union and Tri-Union
Operating of that person's authority to act must be submitted with this
Letter of Transmittal. Please note that the signatures on any
endorsement or bond power must be guaranteed by an Eligible
Institution.
- ALL SIGNATURES ON THIS LETTER OF TRANSMITTAL MUST BE GUARANTEED BY AN
ELIGIBLE INSTITUTION UNLESS ONE OF THE FOLLOWING SITUATIONS APPLY:
- If this Letter of Transmittal is signed by the registered Holder(s) of
the Old Notes tendered with this Letter of Transmittal and such
Holder(s) has not completed the box titled "Special Payment
Instructions" or the box titled "Special Delivery Instructions;" or
- If the Old Notes are tendered for the account of an Eligible
Institution.
5. SPECIAL PAYMENT AND DELIVERY INSTRUCTIONS. If different from the
name and address of the person signing this Letter of Transmittal, you should
indicate, in the applicable box or boxes, the name and address where Old Notes
issued in replacement for any untendered or tendered but unaccepted Old Notes
should be issued or sent. If replacement notes for Old Notes are to be issued in
a different name, you must indicate the taxpayer identification or social
security number of the person named.
6. TRANSFER TAXES. [Tri-Union and Tri-Union Operating Company] will pay
all transfer taxes, if any, applicable to the exchange of Old Notes in the
Exchange Offer. However, transfer taxes will be payable by you (or by the
tendering Holder if you are signing this letter on behalf of a tendering Holder)
if:
- certificates representing New Notes or notes issued to replace any Old
Notes not tendered or accepted for exchange are to be delivered to, or
are to be registered or issued in the name of, a person other than the
registered Holder;
- tendered Old Notes are registered in the name of any person other than
the person signing this Letter of Transmittal; or
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- a transfer tax is imposed for any reason other than the exchange of Old
Notes according to the Exchange Offer. If satisfactory evidence of the
payment of those taxes or an exemption from payment is not submitted
with this Letter of Transmittal, the amount of those transfer taxes
will be billed directly to the tendering Holder. Until those transfer
taxes are paid, Tri-Union and Tri-Union Operating will not be required
to deliver any New Notes required to be delivered to, or at the
direction of, such tendering Holder.
Except as provided in this Instruction 6, it is not necessary for
transfer tax stamps to be attached to the Old Notes listed in this Letter of
Transmittal.
7. FORM W-9. You must provide the Exchange Agent with a correct
Taxpayer Identification Number ("TIN") for the Holder on the enclosed Form W-9.
If the Holder is an individual, the TIN is his or her social security number. If
you do not provide the required information on the Form W-9, you may be subject
to 31% federal income tax withholding on certain payments made to the Holders of
New Notes. Certain Holders, such as corporations and certain foreign
individuals, are not subject to these backup withholding and reporting
requirements. For additional information, please read the enclosed Guidelines
for Certification of TIN on Substitute Form W-9. To prove to the Exchange Agent
that a foreign individual qualifies as an exempt Holder, the foreign individual
must submit a Form W-8, Form W-8 BEN or other similar statement, signed under
penalties of perjury, certifying as to that individual's exempt status. You can
obtain the appropriate form from the Exchange Agent.
8. VALIDITY OF TENDERS. All questions as to the validity, form,
eligibility (including time of receipt), acceptance and withdrawal of Old Notes
tendered for exchange will be determined by Tri-Union and Tri-Union Operating,
in their sole discretion, which determination shall be final and binding.
Tri-Union and Tri-Union Operating reserve the absolute right to reject any or
all tenders not properly tendered or to not accept any particular Old Notes
which acceptance might, in the judgment of Tri-Union, Tri-Union Operating or
their counsel, be unlawful. Tri-Union and Tri-Union Operating also reserve the
absolute right to waive any defects or irregularities or conditions of the
Exchange Offer as to any particular Old Notes either before or after the
Expiration Date (including the right to waive the ineligibility of any holder
who seeks to tender Old Notes in the Exchange Offer). Tri-Union's and Tri-Union
Operating's interpretation of the terms and conditions of the Exchange Offer as
to any particular Old Notes either before or after the Expiration Date
(including the Letter of Transmittal and the instructions thereto) shall be
final and binding on all parties. Unless waived, any defects or irregularities
in connection with tenders of Old Notes for exchange must be cured within such
reasonable period of time as Tri-Union and Tri-Union Operating shall determine.
Neither Tri-Union, Tri-Union Operating, the Exchange Agent nor any other person
shall be under any duty to give notification of any defect or irregularity with
respect to any tender of Old Notes for exchange; nor shall any of them incur any
liability for failure to give such notification. Tenders of Old Notes will not
be deemed to have been made until such defects or irregularities have been cured
or waived. Any Old Notes received by the Exchange Agent that are not properly
tendered and as to which the defects or irregularities have not been cured or
waived will be returned by the Exchange Agent to the tendering holders, unless
otherwise provided in the Letter of Transmittal, as soon as practicable
following the Expiration Date.
9. WAIVER OF CONDITIONS. Tri-Union and Tri-Union Operating may choose,
at any time and for any reason, to amend, waive or modify certain of the
conditions to the Exchange Offer. The conditions applicable to tenders of Old
Notes in the Exchange Offer are described in the Prospectus under the heading
"The Exchange Offer -- Conditions to the Exchange Offer."
10. NO CONDITIONAL TENDER. No alternative, conditional, irregular or
contingent tender of Old Notes on transmittal of this Letter of Transmittal will
be accepted.
11. MUTILATED, LOST, STOLEN OR DESTROYED OLD NOTES. If your Old Notes
have been mutilated, lost, stolen or destroyed, you should contact the Exchange
Agent at the address listed on the cover page of this document for further
instructions.
13
12. REQUESTS FOR ASSISTANCE OR ADDITIONAL COPIES. If you have
questions, need assistance, or would like to receive additional copies of the
Prospectus or this Letter of Transmittal, you should contact the Exchange Agent
at the address listed in the Prospectus. You may also contact your broker,
dealer, commercial bank, trust company, or other nominee for assistance
concerning the Exchange Offer.
13. WITHDRAWAL. Tenders may be withdrawn only pursuant to the
withdrawal rights set forth in the Prospectus under the caption "The Exchange
Offer -- Withdrawal Rights."
TO BE COMPLETED BY ALL TENDERING HOLDERS
(SEE INSTRUCTION 7)
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SUBSTITUTE PART 1 - PLEASE PROVIDE YOUR TIN IN Social Security Number
FORM W-9 THE BOX AT THE RIGHT AND CERTIFY or Employer Identification
BY SIGNING AND DATING BELOW Number
DEPARTMENT OF THE PART 2 - Certification - Under PART 3 -
TREASURY INTERNAL penalties of perjury, I certify that:
REVENUE SERVICE
(1) The number shown on this form is my Awaiting TIN [ ]
correct Taxpayer Identification
Number (or I am waiting for a
number to be issued to me) and
(2) I am not subject to backup Please complete the Certificate of Awaiting
withholding either because I have Taxpayer Identification Number below
not been notified by the Internal
Revenue Service ("IRS") that I am
subject to backup withholding as a
result of failure to report all
interest or dividends, or the IRS
has notified me that I am no longer
subject to backup withholding.
Certificate Instructions - You must cross out item (2) in Part
2 above if you have been notified by the IRS that you are
subject to backup withholding because of under reporting
interest or dividends on your tax return. However, if after
being notified by the IRS that you were subject to backup
withholding you received another notification from the IRS
stating that you are no longer subject to backup withholding,
do not cross out item (2).
SIGNATURE________________________________________ Date________,2001
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NOTE: FAILURE TO COMPLETE AND RETURN THIS FORM MAY RESULT IN BACKUP
WITHHOLDING OF 31% OF ANY PAYMENTS MADE TO YOU PURSUANT TO THE OFFER.
PLEASE REVIEW THE ENCLOSED GUIDELINES FOR CERTIFICATION OF TAXPAYER
IDENTIFICATION NUMBER ON SUBSTITUTE FORM W-9 FOR ADDITIONAL DETAILS.
YOU MUST COMPLETE THE FOLLOWING CERTIFICATE IF YOU CHECKED THE BOX IN
PART 3 OF THE SUBSTITUTE FORM W-9
14
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CERTIFICATE OF AWAITING TAXPAYER IDENTIFICATION NUMBER
I certify under penalties of perjury that a taxpayer identification
number has not been issued to me, and either (a) I have mailed or delivered an
application to receive a taxpayer identification number to the appropriate
Internal Revenue Service Center or Social Security Administration Office or (b)
I intend to mail or deliver an application in the near future. I understand that
if I do not provide a taxpayer identification number to the payor within 60
days, 31% of all reportable payments made to me thereafter will be withheld
until I provide a number.
___________________________________ ________________________________, 2001
Signature Date
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CERTIFICATE FOR FOREIGN RECORD HOLDERS
Under penalties of perjury, I certify that I am not a United States
citizen or resident (or I am signing for a foreign corporation, partnership,
estate or trust).
___________________________________ ________________________________, 2001
Signature Date
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INSTRUCTIONS FOR CERTIFICATION OF TAXPAYER IDENTIFICATION NUMBER
(THE "GUIDELINES")
PURPOSE OF FORM.-A person who is required to file an information return with the
IRS must obtain your correct Taxpayer Identification Number ("TIN") to report
income paid to you, real estate transactions, mortgage interest you paid, the
acquisition or abandonment of secured property, or contributions you made to an
IRA. For most individuals, your taxpayer identification number will be your
Social Security Number ("SSN"). Use the form provided to furnish your correct
TIN and, when applicable, (1) to certify that the TIN you are furnishing is
correct (or that you are waiting for a number to be issued), (2) to certify that
you are not subject to backup withholding, and (3) to claim exemption from
backup withholding if you are an exempt payee. Furnishing your correct TIN and
making the appropriate certifications will prevent certain payments from being
subject to backup withholding.
If you are an individual, you must generally provide the name shown on your
social security card. However, if you have changed your last name, for instance,
due to marriage, without informing the Social Security Administration of the
name change, please enter your first name, the last name shown on your social
security card, and your new last name.
If you are a sole proprietor, you must furnish your INDIVIDUAL name and either
your SSN or Employer Identification Number ("EIN"). You may also enter your
business name or "doing business as" name on the business name line. Enter your
name(s) as shown on your social security card and/or as it was used to apply for
your EIN on Form SS-4.
You must sign the certification or backup withholding will apply.
15
HOW TO OBTAIN A TIN.-If you do not have a TIN, apply for one immediately. To
apply, get FORM SS-5, Application for a Social Security Card (for individuals),
from your local office of the Social Security Administration, or FORM SS-4,
Application for Employer Identification Number (for businesses and all other
entities), from your local IRS office.
Once you receive your TIN, complete the enclosed form and return it to us.
Please note that you will be subject to backup withholding at a 31% rate until
we receive your TIN.
FOR THIS TYPE OF ACCOUNT: GIVE NAME AND SSN OF: FOR THIS TYPE OF ACCOUNT: GIVE NAME AND EIN OF:
1. Individual The Individual 6. Sole proprietorship The owner(3)
2. Two or more individuals The actual owner of the 7. A valid trust, estate, or Legal entity(4)
(joint account) account or, if combined pension
funds, the first individual
on the account(1)
3. Custodian account of a minor The minor(2) 8. Corporate The corporation
(Uniform Gift to Minors Act)
4. a. The usual revocable The grantor-trustee(1) 9. Association, club, The organization
savings organization trust religious, charitable,
(grantor is also trustee) education, or other
tax-exempt organization
b. So-called trust account The actual owner(1) 10. Partnership The partnership
that is not a legal or valid
trust under state law
5. Sole proprietorship The owner(3) 11. A broker or registered The broker or nominee
nominee
12. Account with the The public entity
Department of Agriculture in
the name of a public entity
(such as a state or local
government, school district,
or prision) that receives
agricultural program payments
(1) List first and circle the name of the person whose number you furnish
(2) Circle the minor's name and furnish the minor's SSN
(3) Show your individual name. You may also enter your business name. You
may use your SSN or EIN
(4) List first and circle the name of the legal trust, estate, or pension
trust. (Do not furnish the TIN of the personal representative or
trustee unless the legal entity itself is not designated in the account
title.)
16
NOTE: If no name is circled when there is more than one name, the number will be
considered to be that of the first name listed.
WHAT IS BACKUP WITHHOLDING?-Persons making dividend payments to you
after 1992 are required to withhold and pay to the IRS 31% of such
payments under certain conditions. This is called "backup withholding."
If you give the requester your correct TIN, make the appropriate
certifications, and report all your taxable interest and dividends on
your tax return, your payments will not be subject to backup
withholding. Payments you receive will be subject to backup withholding
if:
1. You do not furnish your TIN to the requester;
2. The IRS notifies the requester that you furnished an incorrect
TIN;
3. You are notified by the IRS that you are subject to backup
withholding because you failed to report all our interest and
dividends on your tax return;
4. You do not certify to the requester that you are to subject to
backup withholding under 3 above; or
5. You do not certify your TIN.
PAYEES AND PAYMENTS EXEMPT FROM BACKUP WITHHOLDING.-The following is a
list of payees exempt from backup withholding and for which no
information reporting is required.
(1) A corporation. (2) An organization exempt from tax under section
501(a), or an IRA, or a custodial account under section 403(b)(7). (3) The
United States or any of its agencies or instrumentalities. (4) A state, the
District of Columbia, a possession of the United States, or any of their
political subdivisions or instrumentalities. (5) A foreign government or any of
its political subdivisions, agencies, or instrumentalities. (6) An international
organization or any of its agencies or instrumentalities. (7) A foreign central
bank of issue. (8) A dealer in securities or commodities required to register in
the United States or a possession of the United States. (9) A real estate
reinvestment trust. (10) An entity registered at all times during the tax year
under the Investment Company Act of 1940. (11) A common trust fund operated by a
bank under section 584(a). (12) A financial institution. (13) A middleman known
in the investment community as a nominee or listed in the most recent
publication of the American Society of Corporate Secretaries, Inc., Nominee
List. (14) A trust exempt from tax under section 664 or described in section
4947.
Payments of dividends generally not subject to backup withholding
include the following:
o Payments to nonresident aliens subject to withholding under
section 1441.
o Payments to partnerships not engaged in a trade or business in
the United States and that have at least one nonresident
partner.
o Payments of patronage dividends not paid in money.
o Payments made by certain foreign organizations.
PENALTIES
FAILURE TO FURNISH TIN.-If you fail to furnish your correct TIN, you are subject
to a penalty of $50 for each such failure unless your failure is due to
reasonable cause and not to willful neglect.
17
CIVIL PENALTY FOR FALSE INFORMATION WITH RESPECT TO WITHHOLDING.-If you make a
false statement with no reasonable basis that results in no backup withholding,
you are subject to a $500 penalty.
CRIMINAL PENALTY FOR FALSIFYING INFORMATION.-Willfully falsifying certifications
or affirmations may subject you to criminal penalties including fines and/or
imprisonment.
MISUSE OF TINS.-If the requester discloses or uses TINs in violation of Federal
law, the requester may be subject to civil and criminal penalties.