CHUKCHANSI ECONOMIC DEVELOPMENT AUTHORITY
Offer for all outstanding
14 1/2% Series A Senior Notes due 2009
in exchange for
14 1/2% Series B Senior Notes due 2009
which have been registered
under the Securities Act of 1933, as amended
Pursuant to the Prospectus, dated , 2003
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| THE EXCHANGE OFFER WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON |
| , 2003 UNLESS EXTENDED. |
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To Brokers, Dealers, Commercial Banks,
Trust Companies and Other Nominees:
Your prompt action is requested. The Exchange Offer will expire at
5:00 p.m., New York City time, on , 2003, unless extended (the "Expiration
Date"). Old Notes (as defined below) tendered pursuant to the Exchange Offer
may be withdrawn at any time before the Expiration Date. Please furnish copies
of the enclosed materials as quickly as possible to those of your clients for
whom you hold Old Notes (as defined below) in your name or in the name of your
nominee.
The Chukchansi Economic Development Authority (the "Authority"), a
wholly-owned enterprise of the Picayune Rancheria of Chukchansi Indians (the
"Tribe") is offering, upon and subject to the terms and conditions set forth
in the Prospectus, dated , 2003 (the "Prospectus"), and the enclosed
letter of transmittal (the "Letter of Transmittal"), to exchange (the
"Exchange Offer") its 14 1/2% Series B Senior Notes due 2009, which have been
registered under the Securities Act of 1933, as amended, for its outstanding
14 1/2% Series A Senior Notes due 2009 (the "Old Notes"). The Exchange Offer
is being made in order to satisfy certain obligations of the Company contained
in the Registration Rights Agreement, dated October 8, 2002 by and among the
Authority, the Tribe and the initial purchasers referred to therein.
We are requesting that you contact your clients for whom you hold Old
Notes regarding the Exchange Offer. For your information and for forwarding to
your clients for whom you hold Old Notes registered in your name or in the
name of your nominee, or who hold Old Notes registered in their own names, we
are enclosing the following documents.
1. Prospectus dated , 2003;
2. The Letter of Transmittal for your use and for the information of
your clients;
3. A Notice of Guaranteed Delivery to be used to accept the Exchange
Offer if certificates for Old Notes are not immediately available or time will
not permit all required documents to reach the Exchange Agent prior to the
Expiration Date or if the procedure for book-entry transfer cannot be
completed on a timely basis; and
4. A form of letter which may be sent to your clients for whose
account you hold Old Notes registered in your name or the name of your
nominee, with space provided for obtaining such clients' instructions with
regard to the Exchange Offer.
To participate in the Exchange Offer, a duly executed and properly
completed Letter of Transmittal (or facsimile thereof or Agent's Message in
lieu thereof), with any required signature guarantees and any other required
documents, should be sent to the Exchange Agent and certificates representing
the Old Notes should be delivered to the Exchange Agent, all in accordance
with the instructions set forth in the Letter of Transmittal and the
Prospectus.
If a registered holder of Old Notes desires to tender Old Notes, but
such Old Notes are not immediately available, or time will not permit such
holder's Old Notes or other required documents to reach the Exchange Agent
before the Expiration Date, or the procedure for book-entry transfer cannot be
completed on a timely basis, a tender may be effected by following the
guaranteed delivery procedures described in the Prospectus under the caption
"The Exchange Offer - Guaranteed Delivery Procedures."
The Authority will, upon request, reimburse brokers, dealers,
commercial banks and trust companies for reasonable and necessary costs and
expenses incurred by them in forwarding the Prospectus and the related
documents to the beneficial owners of Old Notes held by them as nominee or in
a fiduciary capacity. The Authority will pay or cause to be paid all transfer
taxes applicable to the exchange of Old Notes pursuant to the Exchange Offer,
except as set forth in Instruction 5 of the Letter of Transmittal.
Any inquiries you may have with respect to the procedure for
tendering Old Notes pursuant to the Exchange Offer, or requests for additional
copies of the enclosed materials, should be directed to U.S. Bank, N.A., the
Exchange Agent for the Exchange Offer, at its address and telephone number set
forth on the front of the Letter of Transmittal.
Very truly yours,
THE CHUKCHANSI ECONOMIC
DEVELOPMENT AUTHORITY
NOTHING HEREIN OR IN THE ENCLOSED DOCUMENTS SHALL CONSTITUTE YOU OR
ANY PERSON AS AN AGENT OF THE AUTHORITY, THE TRIBE OR THE EXCHANGE AGENT, OR
AUTHORIZE YOU OR ANY OTHER PERSON TO USE ANY DOCUMENT OR MAKE ANY STATEMENTS
ON BEHALF OF EITHER OF THEM WITH RESPECT TO THE EXCHANGE OFFER, EXCEPT FOR
STATEMENTS EXPRESSLY MADE IN THE PROSPECTUS OR THE LETTER OF TRANSMITTAL.
Enclosures
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