REGULATIONS. APPLICABLE TRANSFER
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CHARGES ARE FOR THE ACCOUNT OF THE APPLICANT. AFTER ANY TRANSFER OF THIS LETTER
OF CREDIT, ALL REFERENCES IN THIS LETTER OF CREDIT TO 'YOU' AND 'YOUR' SHALL BE
REFERENCES TO THE TRANSFEREE IN RESPECT OF SUCH TRANSFER.
45
PRESENTATION OF DRAFTS (AND DOCUMENTS) MUST BE MADE TO US AT BNY MELLON CENTER,
500 GRANT STREET-SUITE 1162, PITTSBURGH, PENNSYLVANIA 15258-0001, ATTENTION:
MANAGER, STANDBY LETTER OF CREDIT DEPARTMENT (OR TO SUCH OTHER ADDRESS AS WE
SHALL NOTIFY YOU IN WRITING), BY MAIL OR COURIER DELIVERY, IN PERSON, OR BY FAX
TRANSMISSION TO 732-667-6383 (OR TO SUCH OTHER FACSIMILE NUMBER AS WE SHALL
NOTIFY YOU IN WRITING). IF PRESENTATION IS MADE BY FAX TRANSMISSION, SUCH FAX
TRANSMISSION MUST BE CONFIRMED BY TELEPHONE TO US AT 412-234-6882 (OR TO SUCH
OTHER TELEPHONE NUMBER AS WE SHALL NOTIFY YOU IN WRITING) AND YOUR DRAFT(S) AND
DOCUMENT(S) MUST BE PRECEDED BY A COVER LETTER THAT STATES:
"URGENT. STANDBY DRAW. IMMEDIATE ATTENTION REQUIRED."]
WE HEREBY AGREE WITH YOU THAT DRAFTS DRAWN UNDER AND IN COMPLIANCE WITH THE
TERMS OF THIS LETTER OF CREDIT WILL BE DULY HONORED IF PRESENTED TO US AT OUR
ADDRESS/FAX NUMBER STATED ABOVE ON OR BEFORE OUR CLOSE OF BUSINESS ON THE ABOVE
MENTIONED EXPIRY DATE OR ANY AUTOMATICALLY EXTENDED EXPIRY DATE AS HEREINABOVE
PROVIDED.
DRAFTS/DOCUMENTS MUST BE PRESENTED IN ENGLISH.
PRESENTATION OF DOCUMENT(S) THAT ARE NOT IN COMPLIANCE WITH THE APPLICABLE
ANTI-BOYCOTT, ANTI-MONEY LAUNDERING, ANTI-TERRORISM, ANTI-DRUG TRAFFICKING,
ECONOMIC SANCTIONS AND SIMILAR LAWS AND REGULATIONS IS NOT ACCEPTABLE.
APPLICABLE LAWS VARY DEPENDING ON THE TRANSACTION AND MAY INCLUDE UNITED
NATIONS, UNITED STATES AND/OR LOCAL LAWS.
OUR OBLIGATION UNDER THIS LETTER OF CREDIT IS OUR INDIVIDUAL OBLIGATION AND IS
IN NO WAY CONTINGENT UPON REIMBURSEMENT WITH RESPECT THERETO OR UPON OUR ABILITY
TO PERFECT ANY LIEN, ANY SECURITY INTEREST OR ANY OTHER REIMBURSEMENT.
SUBJECT TO THE TERMS HEREIN, THIS LETTER OF CREDIT MAY NOT BE AMENDED, CHANGED
OR MODIFIED WITHOUT THE EXPRESS WRITTEN CONSENT OF THE BENEFICIARY.
EXCEPT SO FAR AS OTHERWISE EXPRESSLY STATED HEREIN, THIS LETTER OF CREDIT IS
SUBJECT TO THE INTERNATIONAL STANDBY PRACTICES ("ISP98"), INTERNATIONAL CHAMBER
OF COMMERCE PUBLICATION NO. 590, AND AS TO MATTERS NOT GOVERNED BY ISP98, WILL
BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK.
YOURS VERY TRULY,
AUTHORIZED SIGNATURE
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46
EXHIBIT D
FF&E
[SEE ATTACHED]
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47
EXHIBIT E
INTENTIONALLY OMITTED
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48
EXHIBIT F
SUBTENANT'S WORK
49
EXHIBIT G
COMPETITORS LIST
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List of Specific Competitors
1.
Time Inc.
2.
Hachette
3.
Hearst
4.
Meredith Corporation
5.
Bonnier
6.
Readers Digest
7.
Glam Media
8.
Martha Stewart
9.
Huffington Post
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EXHIBIT H
SIGNAGE
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51
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