How I update the V2?
Start by having the newest version 7.5 and 8. Go into start>efilive>7.5>EFILive firmware programmer. Click the "..." button and there should be a firmware file in that directory. Upgrade V2.
On the V2 there will be an option to upgrade boot block somewhere in the menu's. After thats done go into Start>EFILive>v8>EFILive HAPI. You'll see the icon that looks like a V2 on the bottom right of your screen. Open it and click on F6:Firmware. Then upgrade until you have the newest version firmware and bootblock.