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0001144204-10-069018 Sample Contracts

VUZIX CORPORATION CONVERTIBLE LOAN AND SECURITY AGREEMENT
Convertible Loan and Security Agreement • December 30th, 2010 • Vuzix Corp • Computer peripheral equipment, nec • New York

This Loan And Security Agreement is entered into as of December __, 2010, by and between LC CAPITAL MASTER FUND LTD, a Cayman Islands Corporation (“Lender”) and VUZIX Corporation, a Delaware corporation (“Borrower”).

Standard Contracts

INTELLECTUAL PROPERTY SECURITY AGREEMENT
Intellectual Property Security Agreement • December 30th, 2010 • Vuzix Corp • Computer peripheral equipment, nec

THIS INTELLECTUAL PROPERTY SECURITY AGREEMENT is entered into as of December __, 2010, by and between LC CAPITAL MASTER FUND LTD, a Cayman Islands corporation (“Lender”) and VUZIX CORPORATION, a Delaware corporation (“Grantor”).