Third Amendment to Lease Agreement


EXHIBIT 10.19


NORTH CAROLINA



THIRD AMENDMENT TO LEASE AGREEMENT


MECKLENBURG COUNTY


            THIS THIRD AMENDMENT TO
LEASE AGREEMENT made this 9th day of May, 2003, effective as of January 1, 2002, by and between THE SPEIZMAN LLC, a
North Carolina limited liability company (“Lessor”) and SPEIZMAN INDUSTRIES, INC., a North Carolina corporation
(“Lessee”);


            WHEREAS, Lessor and
Lessee have heretofore entered into that certain Lease Agreement dated effective as of December 1, 1999 and amended effective June
1, 2000 (“Lease”); and


            WHEREAS, Lessor and
Lessee are desirous of amending the Lease.


            NOW, THEREFORE, for
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties do hereby agree to amend
the Lease as follows:


            Paragraph 3(a) of the
Lease is deleted and replaced with the following:


           
3.         RENT.  .......


           
(a)        Provided, however, that from and after January 1, 2007, upon written notice of Lessor
given to Lessee at least ten (10) days prior to the due date for Rent, the Monthly Rent shall be restored to Ninety-Thousand One
Hundred Twenty-Nine and 47/100 Dollars ($90,129.47).


            Except as modified
herein, the Lease remains enforceable according to its tenor as set forth therein.


            IN WITNESS WHEREOF, the
parties have executed this agreement pursuant to authority duly given. 





                                                                       
LESSOR:


                                                                       
THE SPEIZMAN LLC


                                                                       
/s/ Robert S. Speizman             (SEAL)

                                                                       
Robert S. Speizman, Manager





                                                                       
LESSEE:


                                                                       
SPEIZMAN INDUSTRIES, INC.





                                                                       
/s/ Paul R.M. Demmink             (SEAL)

                                                                       
Paul R.M. Demmink, Vice President






  


STATE OF NORTH CAROLINA


COUNTY OF MECKLENBURG


            I, L. Gail Gormly, a
Notary Public for said County and State, do hereby certify that Robert S. Speizman personally appeared before me this day and
acknowledged that he is the Manager of The Speizman LLC, a North Carolina limited liability company, and further acknowledged the
due execution of this instrument on behalf of and as the authorized act and deed of such limited liability company.


            Witness my hand and
official stamp or seal, this the 13 day of May, 2003.





                                                           
             /s/ L. Gail
Gormly                    
           
           

                                                                                   
Notary Public


(SEAL)


My commission expires:  11-11-05


 


STATE OF NORTH CAROLINA


COUNTY OF MECKLENBURG


            I, L. Gail Gormly, a
Notary Public for said County and State, do hereby certify that Paul R.M. Demmink   personally came before me this day and
acknowledged that he is the Vice President of Speizman Industries, Inc. and that by authority duly given and as the act of the
corporation, the foregoing instrument was signed in its name by authority duly given. .


            Witness my hand and
official stamp or seal, this the 13 day of May, 2003.





                                                           
             /s/ L. Gail
Gormly                    
           
           

                                                                                   
Notary Public


(SEAL)


My commission expires:  11-11-05