OF THE UNDERSIGNED BENEFICIARY TO DRAW UNDER THE ABOVE LETTER OF
CREDIT ARE TRANSFERRED TO THE TRANSFEREE AND THE TRANSFEREE SHALL HAVE THE SOLE
RIGHTS AS BENEFICIARY THEREOF, INCLUDING SOLE RIGHTS RELATING TO ANY AMENDMENTS,
WHETHER INCREASES OR DECREASES OR EXTENSIONS OR OTHER AMENDMENTS AND WHETHER NOW
EXISTING OR HEREAFTER MADE. ALL AMENDMENTS ARE TO BE ADVISED DIRECT TO THE
TRANSFEREE WITHOUT NECESSITY OF ANY CONSENT OR NOTICE TO THE UNDERSIGNED
BENEFICIARY.
THE ORIGINAL OF SUCH LETTER OF CREDIT, INCLUDING ANY AND ALL ORIGINAL AMENDMENTS
ARE RETURNED HEREWITH, AND WE ASK YOU TO ENDORSE THE TRANSFER ON THE REVERSE
HEREOF, AND FORWARD IT TO THE TRANSFEREE WITH YOUR CUSTOMARY NOTICE OF TRANSFER.
VERY TRULY YOURS,
[BENEFICIARY]
AUTHORIZED SIGNATURE
SIGNATURE AUTHORIZED
_______________________________
(Name of Bank)
_______________________________
(Authorized Signature)
EXHIBIT F-2
BLAZER I
OUTLINE OF POTENTIAL REFUSAL SPACE
Exhibit F-2
1