Common use of Lenders’ Closing Conditions Clause in Contracts

Lenders’ Closing Conditions. The obligations of each of the Lenders to make the Loans is subject to the performance by the Company of its obligations under the Loan Documents and to the satisfaction of the following further conditions on or prior to the date of the making of the Loans at the Closing. (a) At the Closing, such Lender shall have completed its due diligence, with results satisfactory to such Lender. (b) At the Closing, the Company shall have executed and delivered to each Lender this Agreement. (c) At the Closing, the Company shall have executed and delivered to each Lender a Note in the principal amount of such Lender’s Loan. (d) At the Closing, LGI shall have executed and delivered to each Lender a Warrant. (e) At the Closing, the Company shall have executed and delivered to the Lenders’ Agent the Security Agreement. (f) At the Closing, the Company shall have executed and delivered to the Lenders’ Agent the Intellectual Property Security Agreement for Patents and Trademarks. (g) At the Closing, the Company shall have execute and delivered to the Lenders’ Agent the Intellectual Property Security Agreement for Copyrights and Mask Works. (h) At the Closing ,the Lenders’ Agent shall have filed UCC-1 financing statements and other governmental filings to be filed pursuant to the Security Agreements. (i) At the Closing, the Lenders shall have obtained all necessary approvals of their governing bodies. (j) At the Closing, LGI shall have executed and delivered to the Lenders' Agent the Guaranty.

Lenders’ Closing Conditions. The obligations of each of the Lenders to make the Loans is subject to the performance by the Company of its obligations under the Loan Documents and to the satisfaction of the following further conditions on or prior to the date of the making of the Loans at the Initial Closing., or (unless restricted below) any Additional Closing, as the case may be: (a) At the Initial Closing, such Lender shall have completed its due diligence, with results satisfactory to such Lender. (b) At the Initial Closing, the Company shall have executed and delivered to each Lender this Agreement. (c) At the Closing, the Company shall have executed and delivered to each Lender a Note in the principal amount of such Lender’s 's Loan. (d) At the Closing, LGI the Company shall have executed and delivered to each Lender a Warrant. (e) At the Initial Closing, the Company and the requisite parties thereto shall have executed and delivered the Voting Agreement in substantially the form attached hereto as Exhibit D ("Voting Agreement"). (f) Prior to the Initial Closing, the Company shall have executed and delivered initiated a rights offering of shares of Stock to the Lenders’ Agent the Security Agreement. (f) At the Closing, the Company shall have executed and delivered to the Lenders’ Agent the Intellectual Property Security Agreement all of its stockholders for Patents and Trademarksa purchase price of $1.10 per share. (g) At the Closing, the Company shall have execute and delivered to the Lenders’ Agent the Intellectual Property Security Agreement for Copyrights and Mask Works. (h) At the Closing ,the Lenders’ Agent shall have filed UCC-1 financing statements and other governmental filings to be filed pursuant to the Security Agreements. (i) At the each Closing, the Lenders shall have obtained all necessary approvals of their governing bodies. (j) At the Closing, LGI shall have executed and delivered to the Lenders' Agent the Guaranty.

Lenders’ Closing Conditions. The obligations of each of the Lenders to make the Loans is subject to the performance by the Company of its obligations under the Loan Documents and to the satisfaction of the following further conditions on or prior to the date of the making of the Loans at the Closing. (a) At the Closing, such Lender shall have completed its due diligence, with results satisfactory to such Lender. (b) At the Closing, the Company shall have executed and delivered to each Lender this Agreement. (c) At the Closing, the Company shall have executed and delivered to each Lender a Note in the principal amount of such Lender’s 's Loan. (d) At the Closing, LGI the Company shall have executed and delivered to each Lender a Warrant. (e) At the Closing, the Company shall have executed and delivered to the Lenders’ ' Agent the Security Agreement. (f) At the Closing, the Company shall have executed and delivered to the Lenders’ ' Agent the Intellectual Property Security Agreement for Patents and Trademarks. (g) At the Closing, the Company shall have execute and delivered to the Lenders’ ' Agent the Intellectual Property Security Agreement for Copyrights and Mask Works. (h) At the Closing ,the Lenders’ ' Agent shall have filed UCC-1 financing statements and other governmental filings to be filed pursuant to the Security Agreements. (i) At the Closing, the Lenders shall have obtained all necessary approvals of their governing bodies. (j) At the Closing, LGI shall have executed and delivered to the Lenders' Agent the Guaranty.

Lenders’ Closing Conditions. The obligations of each of the Lenders to make the Loans is subject to the performance by the Company of its obligations under the Loan Documents and to the satisfaction of the following further conditions on or prior to the date of the making of the Loans at the Closing. (a) At the Closing, such Lender shall have completed its due diligence, with results satisfactory to such Lender. (b) At the Closing, the Company shall have executed and delivered to each Lender this Agreement. (c) At the Closing, the Company shall have executed and delivered to each Lender a Note in the principal amount of such Lender’s 's Loan. (d) At the Closing, LGI the Company shall have executed and delivered to each Lender a Warrant. (e) At the Closing, the Company shall have executed and delivered to the Lenders’ ' Agent the Security Agreement. (f) At the Closing, the Company shall have executed and delivered to the Lenders’ ' Agent the Intellectual Property Security Agreement for Patents and Trademarks. (g) At the Closing, the Company shall have execute and delivered to the Lenders’ ' Agent the Intellectual Property Security Agreement for Copyrights and Mask Works. (h) At the Closing ,the Lenders’ ' Agent shall have filed UCC-1 financing statements and other governmental filings to be filed pursuant to the Security Agreements. (i) At the Closing, the Lenders shall have obtained all necessary approvals of their governing bodies. (j) At the Closing, LGI shall have executed and delivered to the Lenders' Agent the Guaranty.