Sorry for the repeat, but if you didn't catch what was wrong, it's the bold faced part
Game.dll loaded for "GMod 9.0.4"
GMod Folder: c:\program files\valve\steam\steamapps\sourcemods\gmod92
Processing Lua config file..
Finished Lua Config.
Creating Lua instance..
Lua Script: init/init.lua
Lua Script: init/BarrierInit.lua
Lua Script: init/portal_core.lua
Lua Script: init/propprotector.lua
Lua Script: init/swep_menu.lua
Lua Script: init/ulx_init.lua
Line 8: ULX needs ULib to run! LUA: Errors when running script 'init/ulx_init.lua'