3DFX INTERACTIVE, INC.
P.O. BOX 790
ALVISO, CALIFORNIA 95002-0790
May 22, 2001
(Vendor)("CREDITOR" OR "YOU") (Address_1) (Address_2) (City),(State)(Zip) (Country)
Dear Creditor:
At a special shareholders meeting held on March 27, 2001, 3dfx's shareholders approved proposals to liquidate, wind up and dissolve 3dfx Interactive, Inc. ("3dfx") pursuant to a plan of dissolution and to sell some of 3dfx's assets to an affiliate of NVIDIA Corporation ("NVIDIA") pursuant to an asset purchase agreement (the "NVIDIA Sale").
AS REQUIRED BY CALIFORNIA LAW, 3dfx IS HEREBY NOTIFYING YOU THAT IT HAS ELECTED TO WIND UP ITS AFFAIRS AND VOLUNTARILY DISSOLVE IN ACCORDANCE WITH CHAPTER 19 OF THE CALIFORNIA GENERAL CORPORATION LAW, AND IS NOW IN THE PROCESS OF WINDING UP ITS AFFAIRS IN THE MANNER REQUIRED BY LAW AND AS PRESCRIBED UNDER THE PLAN OF DISSOLUTION.
3dfx recently made initial payments to creditors who chose to sign the Terms of Settlement and Release sent to creditors in February 2001. The final payment will be made to them as soon as 3dfx receives up to an additional $25 million from nVidia. In order to receive this additional payment, 3dfx must certify to nVidia that it will be able to satisfy all its liabilities upon receipt of the additional payment. To do this we resolve several items in litigation, terminate a number of long term real estate leases, and dispose of our subsidiaries in Northern Ireland and Mexico. We cannot estimate if or when this may occur. Some creditors asked us to pay a higher amount than that offered in exchange for an immediate full settlement. We offered to pay 70% of the total owed for a full release to those creditors who did not wish to wait for the final payment in full. We want to extend this same offer to our other creditors.
Our records reflect that 3dfx owes you an aggregate amount of $_____________ (the "Amount Owed"), which is the principal amount owed for goods and services provided by you, but does not include any interest, penalties, costs or attorney's fees. If you agree that this is the amount owed to you, then you should review the "F ...
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