Hi Dean,
From the build log you have shared it seems that the LIB_PATH variable is not updated correctly to point to the
Linaro toolchain location. This might be causing the build problems to you.
Please update the exported environment variable correctly for Linux or Windows Host.
It should point to the toolchain installation location ex: LIB_PATH = /opt/linaro/eabi/4.7-2012q4
You can refer the Host Platform requirements section of the Getting Starterd guide page
http://processors.wiki.ti.com/index.php/StarterWare_Getting_Started_02.00.XX.XX
Regards
Anant Pai