X0206 3 2014-11-14 0 0000866970 LIGHTING SCIENCE GROUP CORP LSCG 0001420299 Serengeti Asset Management LP 632 BROADWAY, 12TH FLOOR NEW YORK NY 10012 0 0 1 0 0001627428 J.L. Serengeti Management LLC 632 BROADWAY, 12TH FLOOR NEW YORK NY 10012 0 0 1 0 0001160212 LANASA JOSEPH A III 632 BROADWAY, 12TH FLOOR NEW YORK NY 10012 0 0 1 0 Series J Convertible Preferred Stock 2014-11-14 Common Stock,par value $0.001 per share (the "Common Stock") 13684210 I See footnotes Warrants 0.001 2014-11-14 Common Stock 34450000 I See footnotes Serengeti Asset Management LP acts as an investment adviser to, and manages investment accounts of Serengeti Opportunities MM L.P. and Serengeti Lycaon MM LP. Serengeti Asset Management LP may be deemed, through investment advisory contracts or otherwise, to beneficially own securities owned by Serengeti Opportunities MM L.P. and Serengeti Lycaon MM LP. J.L. Serengeti Management LLC is the general partner of Serengeti Asset Management LP and may be deemed to control Serengeti Asset Management LP and beneficially own securities owned by it. Mr. LaNasa III is the sole member of J.L. Serengeti Management LLC and may be deemed to control J.L. Serengeti Management LLC and beneficially own securities owned by it. For purposes of Rule 16a-1(a)(2) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or for any other purpose, each of the reporting persons disclaims beneficial ownership of the shares reported herein except to the extent of such reporting person's pecuniary interest therein. There is no expiration date. The warrants may be exercised during the period beginning on November 14, 2014 (date of issuance) and ending at 11:59 p.m. Eastern Time on the earlier of: (x) November 14, 2019, (y) the date on which the Issuer consummates a Qualified Public Offering (as defined in the Warrants) or (z) the date of any Change of Control (as defined in the Warrants); provided, that if the Issuer has not provided notice to the warrant holder in accordance with Section 2(g) of the Warrant, the exercise period shall be extended until after the date that is five (5) days after the Issuer provides notice of the Change of Control to the warrant holder. Each share of Series J Preferred Convertible Stock is convertible into approximately 1,053 shares of Common Stock. /s/ Marc Baum, Director of Serengeti Asset Management LP 2014-12-11 /s/ Joseph A. LaNasa III, Authorized Person of J.L. Serengeti Management LLC 2014-12-11 /s/ Joseph A. LaNasa III 2014-12-11