As Lich enters the battlefield, you lose life equal to your life total.
You don't lose the game for having 0 or less life.
If you would gain life, draw that many cards instead.
Whenever you're dealt damage, sacrifice that many nontoken permanents. If you can't, you lose the game.
When Lich is put into a graveyard from the battlefield, you lose the game.
Moderate Play Condition
Cards in Moderate Play condition have moderate wear more severe than Slight Play cards but are still legal for tournament use in opaque backed sleeves. Cards in this grade can include cards with moderate creasing, moderate corner wear, moderate border wear, whitening on either face of the card, slight inking along the back borders, moderate scratching or foil clouding, minor water damage, or slight shuffle creasing.