Whitman Breed Abbott & Morgan llpFunds Transfer Agreement • August 5th, 2002
Contract Type FiledAugust 5th, 2002repurchasers of its product, and Union Bank of California (the "Bank"), whereby the Bank handles transfers of funds for the purchase and sale of natural gas. You have asked us to evaluate the risk that, in the event of a bankruptcy by Visage, funds subject to the arrangement would be part of Visage's bankruptcy estate, and the gas supplier would not be paid. The following analysis responds to this request. Please note that this letter and the analysis contained herein is furnished to you solely for your benefit, and is not to be relied upon by any other person or entity.