When using "Ultimate FPS" Asset in Unity 5.4.0b17, the character model is not displayed.

1. What happened

Imported the "Ultimate FPS" Asset from the Asset Store, launched the project and saw that the character model is not displayed.

2. How we can reproduce it using the example you attached

- Download and import the "Ultimate FPS" Asset from the Asset Store;
- Open the UFPS/Base/Content/Levels/SkyCity/UFPS_SkyCity Scene;
- Launch Play mode and move the mouse/character around - notice that the player model is not displayed (See the screenshots for 5.4.0b11 how it should work and 5.4.0b17 with buggy behavior).

Note: Rebuilding lighting does not help;
Note2: Standalone player (OpenGLCore) displays the character as it should.