Vuzix Corporation Watch

from 8-K 41 pages Vuzix Corporation Lc Capital Master Fund Ltd Amended and Restated Convertible Loan and Security Agreement

from 8-K 4 pages Reference Is Made to the Following Documents: (I) the Convertible Loan and Security Agreement (The "Convertible Loan Agreement"), Dated as of December 23, 2010, Between Lc Capital Master Fund Ltd. (The "Lender") and Vuzix Corporation (The "Borrower"), Pursuant to Which the Lender Provided a Loan to the Borrower in the Principal Amount of $4,000,000 (The "Convertible Loan"); (II) the Promissory Note and Security Agreement, Dated as of May 19, 2012, Made by the Borrower Payable to the Lender in the Principal Amount of $500,000 (The "Bridge Note"), Pursuant to Which the Lender Agreed to Provide a Loan to the Borrower in the Principal Amount of Up to $500,000 (The "Bridge Loan"); and (III) the Warrant to Purchase Stock, With an Issue Date of December 23, 2010, Made by the Borrower in Favor of the Lender, Pursuant to Which the Borrower Granted the Lender the Right to Purchase Up to 40,000,000 Common Shares in the Borrower (The "Warrant"). the Convertible Loan Agreement, the Bridge Note, the Warrant and All Other Documents Executed in Connection Therewith Shall Be Referred to Herein as the "Loan Documents." Capitalized Terms Used but Not Defined Herein Shall Have the Meanings Given to Such Terms in the Convertible Loan Agreement

from 8-K 5 pages Loan Modification and Consent Agreement

from 8-K 4 pages Intercreditor Agreement

from 8-K 30 pages Vuzix Corporation Bridge Bank, National Association Loan and Security Agreement

from 8-K 2 pages By Email John Burtis 178 Seymour Road Rochester, New York 14609 1. the Effective Date of This Amendment (The “Effective Date”) Shall Be the Closing Date of the New Financing (The “Closing Date”). 2. the Date of December 31, 2010 in Section 2.01 of the Loan Agreement Shall Be Substituted With December 31, 2013. 3. the Interest Rate Shall Be Decreased to Twelve (12%) Per Annum Commencing on January 1, 2011. 4. the Outstanding Principal and All Accrued Interest to December 31, 2010, Totaling $135,763.01, Shall Be Paid in Thirty-Six (36) Equal Monthly Blended Payments of Eight Thousand Five Hundred and Four Dollars and Twelve Cents ($4,463.60) Beginning on January 31, 2011

from 8-K 2 pages By Email Paul J Travers 71 Boughton Hill Road Honeoye New York 14472 1. the Effective Date of This Amendment (The “Effective Date”) Shall Be the Closing Date of the New Financing (The “Closing Date”). 2. the Date of December 31, 2010 in Section 2.01 of the Loan Agreement Shall Be Substituted With December 31, 2013. 3. the Outstanding Principal and All Accrued Interest to December 31, 2010, Totaling $258,658.20, Shall Be Paid in Thirty-Six (36) Equal Monthly Blended Payments of Eight Thousand Five Hundred and Four Dollars and Twelve Cents ($8,504.12) Beginning on January 31, 2011

from 8-K 40 pages Vuzix Corporation Lc Capital Master Fund Ltd Convertible Loan and Security Agreement

from 8-K 1 page Amendment to Revolving Line of Trade Credit Agreement

from 8-K 9 pages Revolving Line of Trade Credit Agreement

from S-1 8 pages Loan Agreement