X0303 4 2009-05-15 0000352998 IGI INC IG 0000938864 HAGER JANE E 204 PINNACLE ROAD LYNDERBOROUGH NH 03082 1 0 1 0 0000904038 HAGER EDWARD B 204 PINNACLE ROAD LYNDERBOROUGH NH 03082 0 0 1 0 Common Stock 2009-05-15 4 A 0 1219512 .41 A 1219512 I By: Pinnacle Mountain Partners, LLC Common Stock 1369893 I By: Hager Family Trust Common Stock 689830 I By: Jane E. Hager Trust Common Stock 15830 D Upon receipt of stockholder approval on May 15, 2009, Pinnacle Mountain Partners, LLC ("Pinnacle") surrendered its promissory note ("Note") in the amount of $500,000 to the Company in exchange for 1,219,512 shares of common stock and the Note was thereupon cancelled and discharged. Edward B. Hager and Jane E. Hager are the controlling shareholders of Pinnacle and share voting and investment power over the shares of common stock held by Pinnacle. Edward B. Hager and Jane E. Hager are trustees of the Hager Family Trust and share voting and investment power over the trust. Edward B. Hager is the settlor of the trust and retains the power to revoke the trust. Jane E. Hager is the beneficiary of the trust. Jane E. Hager is the settlor and trustee of the Jane E. Hager Trust of 1990 over which she holds voting and investment power and retains the power to revoke. Edward B. Hager, spouse of Jane E. Hager, is a beneficiary of such trust. /s/ Jane Hager 2009-05-19 /s/ Edward Hager 2009-05-19