Document:

ex10-15.htm

    

    Exhibit
10.15

    

    Commercial
Lease Agreement

    

    This
Commercial Lease Agreement ("Lease") is made and effective November 10, 2008, by
and between Mifflin Management ("Landlord") and Lakeland Industries
("Tenant").

    

    Landlord
is the owner of land and improvements commonly known and numbered as 312 Hendel
Street, Shillington, PA 19607

    

    Landlord
makes available for lease a portion of the Building designated as the first and
second floors (3,520 sq ft) of 312 Hendel Street, Shillington, PA (the "Leased
Premises").

    

    Landlord
desires to lease the Leased Premises to Tenant, and Tenant desires to lease the
Leased Premises from Landlord for the term, at the rental and upon the
covenants, conditions and provisions herein set forth.

    

    THEREFORE,
in consideration of the mutual promises herein, contained and other good and
valuable consideration, it is agreed:

    

    1. Term.

    

    Landlord
hereby leases the Leased Premises to Tenant, and Tenant hereby leases the same
from Landlord, for an "Initial Term" beginning November 10, 2008 and will be on
a month to month term. Prorate rent for November, 2008 in the amount of
$590.00

    

    2. Rental.

    

    Tenant
shall pay to Landlord Eight Hundred Eighty Dollars per month (3,520 sq ft x
$3.00 sq ft). Each installment payment shall be due in advance on the first day
of each calendar month during the lease term to Landlord at Mifflin Management,
PO Box 42, Mohnton, PA 19540, or at such other place designated by written
notice from Landlord or Tenant. The rental payment amount for any partial
calendar months included in the lease term shall be prorated on a daily basis.
Tenant shall also pay to Landlord a " Security Deposit " in the amount of Eight
Hundred Eighty Dollars.

    

    3. Use

    

    Not
withstanding the forgoing, Tenant shall not use the Leased Premises for the
purposes of storing, manufacturing or selling any explosives, flammables or
other inherently dangerous substance, chemical, thing or device.

    

    4. Repairs.

    

    During
the Lease term, Tenant shall make, at Tenant's expense, all necessary repairs to
the Leased Premises. Repairs shall include such items as routine repairs of
floors, walls, ceilings, and other parts of the Leased Premises damaged or worn
through occupancy, except for major mechanical systems or the roof, subject to
the obligations of the parties otherwise set forth in this Lease. All repairs shall require the
authorization of Christopher J. Ryan and Michael Gallen,
mutually.

    

    5. Alterations and
Improvements.

    

    Tenant,
at Tenant's expense, shall have the right following Landlord's consent to
remodel, redecorate, and make additions, improvements and replacements of and to
all or any part of the Leased Premises from time to time as Tenant may deem
desirable, provided the same are made in a workmanlike manner and utilizing good
quality materials. Tenant shall have the right to place and install personal
property, trade fixtures, equipment and other temporary installations in and
upon the Leased Premises, and fasten the same to the premises. All personal
property, equipment, machinery, trade fixtures and temporary installations,
whether acquired by Tenant at the commencement of the Lease term or placed or
installed on the Leased Premises by Tenant thereafter, shall remain Tenant's
property free and clear of any claim by Landlord. Tenant shall have the right to
remove the same at any time during the term of this Lease provided that all
damage to the Leased Premises caused by such removal shall be repaired by Tenant
at Tenant's expense.

    

    6. Insurance.

    

    A. If the
Leased Premises or any other part of the Building is damaged by fire or other
casualty resulting from any act or negligence of Tenant or any of Tenant's
agents, employees or invitees, rent shall not be diminished or abated while such
damages are under repair, and Tenant shall be responsible for the costs of
repair not covered by insurance.

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    B.
Landlord shall maintain fire and extended coverage insurance on the Building and
the Leased Premises in such amounts as Landlord shall deem appropriate. Tenant
shall be responsible, at its expense, for fire and extended coverage insurance
on all of its personal property, including removable trade fixtures, located in
the Leased Premises.

    

    C. Tenant
and Landlord shall, each at its own expense, maintain a policy or policies of
comprehensive general liability insurance with respect to the respective
activities of each in the Building with the premiums thereon fully paid on or
before due date, issued by and binding upon some insurance company approved by
Landlord, such insurance to afford minimum protection of not less than
$1,000,000 combined single limit coverage of bodily injury, property damage or
combination thereof. Landlord shall be listed as an additional insured on
Tenant's policy or policies of comprehensive general liability insurance, and
Tenant shall provide Landlord with current Certificates of Insurance evidencing
Tenant's compliance with this Paragraph. Tenant shall obtain the agreement of
Tenant's insurers to notify Landlord that a policy is due to expire at least
(10) days prior to such expiration. Landlord shall not be required to maintain
insurance against thefts within the Leased Premises or the
Building.

    

    7. Utilities.

    

    Tenant
shall pay all charges for water, sewer, gas, electricity, telephone and other
services and utilities used by Tenant on the Leased Premises during the term of
this Lease unless otherwise expressly agreed in writing by Landlord. In the
event that any utility or service provided to the Leased Premises is not
separately metered, Landlord shall pay the amount due and separately invoice
Tenant for Tenant's pro rata share of the charges. Tenant shall pay such amounts
within fifteen (15) days of invoice. Tenant acknowledges that the Leased
Premises are designed to provide standard office use electrical facilities and
standard office lighting. Tenant shall not use any equipment or devices that
utilize excessive electrical energy or which may, in Landlord's reasonable
opinion, overload the wiring or interfere with electrical services to other
tenants.

    

    8. Entry.

    

    Landlord
shall have the right to enter upon the Leased Premises at reasonable hours to
inspect the same, provided Landlord shall not thereby unreasonably interfere
with Tenant's business on the Leased Premises.

    

    9. Building
Rules.

    

    Tenant
will comply with the rules of the Building adopted and altered by Landlord from
time to time and will cause all of its agents, employees, invitees and visitors
to do so; all changes to such rules will be sent by Landlord to Tenant in
writing. The initial rules for the Building are attached hereto as Exhibit "A"
and incorporated herein for all purposes.

    

    10. Default.

    

    If
default shall at any time be made by Tenant in the payment of rent when due to
Landlord as herein provided, and if said default shall continue for five (5)
days after written notice thereof shall have been given to Tenant by Landlord,
or if default shall be made in any of the other covenants or conditions to be
kept, observed and performed by Tenant, and such default shall continue for
fifteen (15) days after notice thereof in writing to Tenant by Landlord without
correction thereof then having been commenced and thereafter diligently
prosecuted, Landlord may declare the term of this Lease ended and terminated by
giving Tenant written notice of such intention, and if possession of the Leased
Premises is not surrendered, Landlord may reenter said premises. Landlord shall
have, in addition to the remedy above provided, any other right or remedy
available to Landlord on account of any Tenant default, either in law or equity.
Landlord shall use reasonable efforts to mitigate its damages.

    

    11. Quiet
Possession.

    

    Landlord
covenants and warrants that upon performance by Tenant of its obligations
hereunder, Landlord will keep and maintain Tenant in exclusive, quiet, peaceable
and undisturbed and uninterrupted possession of the Leased Premises during the
term of this Lease.

    

    12. Condemnation.

    

    If any
legally, constituted authority condemns the Building or such part thereof which
shall make the Leased Premises unsuitable for leasing, this Lease shall cease
when the public authority takes possession, and Landlord and Tenant shall
account for rental as of that date. Such termination shall be without prejudice
to the rights of either party to recover compensation from the condemning
authority for any loss or damage caused by the condemnation. Neither party shall
have any rights in or to any award made to the other by the condemning
authority.

    

    13. Security
Deposit.

    

    The
Security Deposit shall be held by Landlord without liability for interest and as
security for the performance by Tenant of Tenant's covenants and obligations
under this Lease, it being expressly understood that the Security Deposit shall
not be considered an advance payment of rental or a measure of Landlord's
damages in case of default by Tenant. Unless otherwise provided by mandatory
non­-waivable law or regulation, Landlord may commingle the Security Deposit
with Landlord's other funds. Landlord may, from time to time, without prejudice
to any other remedy, use the Security Deposit to the extent necessary to make
good any arrearages of rent or to satisfy any other covenant or obligation of
Tenant hereunder. Following any such application of the Security Deposit, Tenant
shall pay to Landlord on demand the amount so applied in order to restore the
Security Deposit to its original amount. If Tenant is not in default at the
termination of this Lease, the balance of the Security Deposit remaining after
any such application shall be returned by Landlord to Tenant. If Landlord
transfers its interest in the Premises during the term of this Lease, Landlord
may assign the Security Deposit to the transferee and thereafter shall have no
further liability for the return of such Security Deposit.

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    

    14. Waiver.

    

    No waiver
of any default of Landlord or Tenant hereunder shall be implied from any
omission to take any action on account of such default if such default persists
or is repeated, and no express waiver shall affect any default other than the
default specified in the express waiver and that only for the time and to the
extent therein stated. One or more waivers by Landlord or Tenant shall not be
construed as a waiver of a subsequent breach of the same covenant, term or
condition.

    

    15. Memorandum of
Lease.

    

    The
parties hereto contemplate that this Lease should not and shall not be filed for
record, but in lieu thereof, at the request of either party, Landlord and Tenant
shall execute a Memorandum of Lease to be recorded for the purpose of giving
record notice of the appropriate provisions of this Lease.

    

    16. Headings.

    

    The
headings used in this Lease are for convenience of the parties only and shall
not be considered in interpreting the meaning of any provision of this
Lease.

    

    17. Successors.

    

    The
provisions of this Lease shall extend to and be binding upon Landlord and Tenant
and their respective legal representatives, successors and assigns.

    

    18. Consent.

    

    Landlord
shall not unreasonably withhold or delay its consent with respect to any matter
for which Landlord's consent is required or desirable under this
Lease.

    

    19. Compliance with
Law.

    

    Tenant
shall comply with all laws, orders, ordinances and other public requirements now
or hereafter pertaining to Tenant's use of the Leased Premises. Landlord shall
comply with all laws, orders, ordinances and other public requirements now or
hereafter affecting the Leased Premises.

    

    20. Final
Agreement.

    

    This
Agreement terminates and supersedes all prior understandings or agreements on
the subject matter hereof. This Agreement may be modified only by a further
writing that is duly executed by both parties.

    

    21. Governing
Law.

    

    This
Agreement shall be governed, construed and interpreted by, through and under the
Laws of the Commonwealth of Pennsylvania. IN WITNESS WHEREOF, the parties have
executed this Lease as of the day and year first above written.

    

    

    
      	
              By: s/s Mike
      Gallen

            	
              11/10/2008

            
	
              Landlord
      Signature

            	 
      
	 
      	 
      
	
              By: /s/ Christopher J.
      Ryan

            	
              11/11/2008

            
	
              Tenant
      Signature

            	 
      

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    NON-RESIDENTIAL
LEASE FOR REAL ESTATE       LC1

    PART ONE
OF A TWO PART AGREEMENT

    

    This form
recommended and approved for, but not restricted to use by, members of the
Pennsylvania Association of REALTORS® when used with an approved addendum
attached hereto,

    

    LESSOR'S
BUSINESS RELATIONSHIP WITH PA LICENSED BROKER

    
      	 
      	
              BROKER
      (Company) Mifflin Management
      LLC

            	
              PHONE
      610-406-1378

            
	 
      	
              ADDRESS      PO Box 42 Mohnton, PA
      19540

            	
              FAX

            
	 
      	
              LICENSEE(S)

            	
              Designated
      Agent? r
      Yes  r
  No

            
	 
      	
              BROKER
      IS THE AGENT FOR LESSOR.

            	
              OR
      (if checked below):

            
	 
      	
              Broker is NOT the Agent for
      Lessor and is a/an:     r AGENT FOR
      LESSEE  r TRANSACTION
      LICENSEE

            
	 
      	 
      	 
      
	 
      	
              LESSEE'S
      BUSINESS RELATIONSHIP WITH PA LICENSED BROKER

            
	 
      	
              BROKER
      (Company)      Lakeland Industries,
      Inc.

            	
              PHONE
      610-775-0505

            
	 
      	
              ADDRESS      31 South Sterley
      Street, Shillington, PA 19607

            	
              FAX

            
	 
      	
              LICENSEE(S)

            	
              Designated
      Agent? r
      Yes  x
      No

            
	 
      	
              BROKER
      IS THE AGENT FOR LESSOR.  OR (if checked below):

            	 
      
	 
      	
              Broker
      is NOT the Agent for Lessor and is a/an: r AGENT FOR
      LESSEE r TRANSACTION
      LICENSEE

            

    

    

    When the
same broker is Broker for Lessor and Broker for Lessee, Broker is a Dual Agent.
All of Broker's licensees are also Dual Agents UNLESS there are separate
Designated Agents for Lessor and Lessee. If the same Licensee is designated for
Lessor and Lessee, the License, is a Dual Agent. Broker(s) may perform services
to assist unrepresented parties in complying with the terms of this
Lease.

    

    1. This
Agreement, dated October 31, 2008 is
between

    Mifflin Management
LLC

    called “Lessor”, and

    Lakeland Industries,
Inc.

    called
“Lessee.”

    

    2.
PROPERTY

    (A)
Lessor agrees to lease to Lessee the premises known as 312 Hendle Street in
the Boro of
Shillington of Berks County of
_________ in the Commonwealth of Pennsylvania, Zip Code 19607 with improvements
consisting of __________________________________________ upon the following
terms and conditions:

              
     (B) Total rental for entire term payable to
Lessor

    (C) Payments in
advance  x Monthly in the amount
of  $
800.00

    (D) Cash
or check to be paid before possession by Lessee which is to be applied on
account as follows:

     Advance
rent _________ to
____________            Paid
$___________      Due $____________

     On
account of final payment of rent _______       
    Paid $___________      Due
$____________     Security deposit (see paragraph 2
(f))   0     Paid
$_______    Due $________

     Credit report
_______________________     Paid $___________
     Due $____________

    

    Totals -
Paid to date.. Paid $___________      Due
$____________

    Balance
due before possession.. ...... ...... ..... Due $ ___________

     

    
      	 
      	
              (E)

            	
              Adjusted
      payment of rent until regular due date, if any

            	
              $
      ______________

            
	 
      	
              (F)

            	
              Security
      deposit

            	
              $
      ______________

            
	 
      	
              (G)

            	
              Late
      charge if rent not paid within grace period.

            	
              $
      ______________

            
	 
      	
              (H)

            	
              Due
      date for each payment

            	
              Prior
      to the 1st of
      each month

            
	 
      	
              (I)

            	
              Term
      of this lease

            	
              Month
      to Month

            

       

       

       

       

       

       

       

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

       

       

      	 
      	
              (J)

            	
              Commencement
      date of lease

            	 
      
	 
      	
              (K)

            	
              Expiration
      date of lease

            	 
      
	 
      	
              (L)

            	
              Required
      written notice to terminate this lease 30
      Days

            	 
      
	 
      	
              (M)

            	
              Renewal
      term if not terminated by either party

            	 
      
	 
      	
              (N)

            	
              Lessee
      will occupy premises ONLY as

            	 
      
	 
      	
              (O)

            	
              Maximum
      number of occupants under this lease: one
      (1)

            	 
      
	 
      	
              (P)

            	
              Payments
      to be made promptly when due in U.S. Dollars to:

            	 
      
	 
      	 
      	
              r Lessor      r Broker for
      Lessor

            	 
      
	 
      	
              (Q)

            	
              Utilities
      & services will be supplied as follows:

            	 
      

    

    

     

     

     

     

     

     

     

     

     

    
      
        
          
            
              
                
                  	 
      	
                          Lessor

                        	
                          Lessee

                        	 
      	
                          Lessor

                        	
                          Lessee

                        	 
      
	 
      	
                          pays

                        	
                          pays

                        	 
      	
                          pays

                        	
                          pays

                        	 
      
	 
      	
                          r

                        	
                          x

                        	
                          Cold
      Water

                        	
                          r

                        	
                          x

                        	
                          Gas

                        
	 
      	
                          r

                        	
                          x

                        	
                          Hot
      Water

                        	
                          x

                        	
                          r

                        	
                          Lawn
      & Shrubbery Care

                        
	 
      	
                          r

                        	
                          x

                        	
                          Heat

                        	
                          x

                        	
                          r

                        	
                          Cesspool
      Cleaning

                        
	 
      	
                          r

                        	
                          x

                        	
                          Electric

                        	
                          x

                        	
                          r

                        	
                          Janitor
      Service

                        
	 
      	
                          x

                        	
                          r

                        	
                          Yearly
      Oil Burner Cleaning

                        	
                          r

                        	
                          r

                        	
                          All
      other

                        
	 
      	
                          x

                        	
                          r

                        	
                          Water
      in Excess of

                        	 
      	 
      	 
      
	 
      	 
      	 
      	
                          yearly
      minimum charge

                        	
                          r

                        	
                          r

                        	
                          ___________________

                        
	 
      	
                          r

                        	
                          x

                        	
                          Snow
      Removal

                        	
                          r

                        	
                          r

                        	
                          ___________________

                        

                

              

            

          

        

      

    

    

    
      	
               
      

            	
              (R)
        Unless otherwise stated, Lessee will pay the cost of any or
      all repairs of any kind whatsoever, occurring after commencement of this
      lease where the individual cost of each repair is less than
      $____________.

            

    

    
      	
               
      

            	
              (S)  No
      pets or animals of any kind whatsoever will be permitted on or within the
      herein described premise excepting
      _______________________________________.

            

    

    

    3.
SPECIAL CLAUSES

    (A)
Lessor and Lessee has received the Consumer Notice as adopted by the State Real
Estate Commission at 49 Pa Code §35.336 and §35.337.

    
 

    4.
ADDENDUM

    The
Lessor and Lessee agree for themselves, their respective heirs and successors
and assigns to the herein described terms and also to those set forth in the
addendum attached hereto entitled "TERMS AND CONDITIONS," (PART TWO) all of
which are, to be regarded as binding and as strict legal
conditions.

    

    

    6ex10-16.htm

    December
1,
2008                                             

    Exhibit
10.16

    

    

                                       
Phillip Willingham

    

    

                                       
Dear Mr. Willingham:

    

    The
purpose of this letter is to confirm your continuing employment with Lakeland
Industries, Inc. on the following terms and conditions:

    

                                       
1.         THE
PARTIES

    

    This is
an Agreement between Phillip Willingham, residing at 818 West Lamar Avenue,
Tuscumbia, AL 35674 (hereinafter referred to as “you”), and Lakeland Industries,
Inc., a Delaware corporation, with a principal place of business located at
701-7 Koehler Avenue, Ronkonkoma, NY  11779-7410 (hereinafter the
“Company”).

    

                                       
2.         TERM

    

    
                                                      The
term of the Agreement shall be for a 2 year period, from January 1, 2009 through
and including December 31, 2010.

    

    

                                       
3.         CAPACITY

    

    You shall
be employed in the capacity of Vice President of Management Information Systems
(MIS) of Lakeland Industries, Inc. or such other position or positions as may be
determined from time to time by the Company.

    

    You agree
to devote your full time and attention and best efforts to the faithful and
diligent performance of your duties to the Company and shall serve and further
the best interests and enhance the reputation of the Company to the best of your
ability.

    

                                       
4.         COMPENSATION

    

    As full
compensation for your services, you shall receive following from the
Company:

    

    (a)       
A base annual salary of $110,532 payable bi-weekly (the “Base Salary”) to begin
in appropriate pay period in January 2009; and

    

    (b)        A
base annual salary of $116,059 payable bi-weekly to begin in the appropriate pay
period in January 2010; and

    

    (c)       
Participation, if and when eligible, in the Company’s pension plan, profit
sharing plan, medical and disability plans, stock appreciation rights plan,
stock option plans and/or ESOP.  401(k) plans when any such plans become
effective; and

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    (d)       
Such benefits as are provided from time to time by the Company to its officers
and employees; provided however that your annual vacation shall be for a period
of 5 weeks, with no more than 2 such weeks taken at any one time;
and

    

    (e)       
Reimbursement for any dues and expenses incurred by you that are necessary and
proper in the conduct of the Company’s business; and

    

    (f)        
An quarterly bonus as set forth in Section 5 of this Agreement (the “Quarterly
Bonus”).

    

    5.        
ANNUAL
BONUS

    

    For FY
2009, you shall be awarded a discretionary bonus which shall be at the
discretion of the CEO and the Compensation Committee, which currently is $3,000
per quarter.

    

    6.        
NON-COMPETITION/SOLICITATION/CONFIDENTIALITY

    

    During
your employment with the Company and for one year thereafter, you shall not,
either directly or indirectly, as an agent, employee, partner, stockholder,
director, investor or otherwise, engage in any business in competition with the
business activities of the Company within the Company’s market area(s). 
You shall also abide by the Code of Ethics Agreement and other Corporate
Governance Rules.  You shall disclose prior to the execution of this
Agreement (or later on as the case may be) all business relationships you
presently have or contemplate entering into or enter into in the future that
might affect your responsibilities or loyalties to the Company.

    

    During
the term of your employment and for one year thereafter, you shall not, directly
or indirectly, hire, offer to hire or otherwise solicit the employment of any
employee of the Company on behalf of yourself or any other business or entity
that competes with the business activities engaged in by the Company within the
Company’s market area(s).

    

    Except as
may be required to perform your duties on behalf of the Company, you agree that
during your employment and for a period of one year thereafter, you shall not,
directly or indirectly, solicit, service, or accept business from, on your own
behalf or on behalf of any other business or entity, any customers or potential
customers of the Company with whom you had contact during your employment or
about whom you acquired confidential information during your
employment. 

    

    Except as
required in your duties to the Company, you shall not at any time during or
after your employment, directly or indirectly, use or disclose any confidential
or proprietary information relating to the Company or its business or customers
which is disclosed to you or known by you as a consequence of or through your
employment by the Company and which is not otherwise generally obtainable by the
public at large.

    

    In the
event that any of the provisions in this paragraph 6 shall ever be adjudicated
to exceed limitations permitted by applicable law, you agree that such
provisions shall be modified and enforced to the maximum extent permitted under
applicable law.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    7.        
TERMINATION

    

    You or
the Company may terminate your employment prior to the end of the Term upon
written notice to the other party in accordance with the following
provisions:

         

    
      
      

      
        	
                 
      

              	
                (a)

              	
                Death.  Your
      employment shall terminate on the date of your death.  Your Base
      Salary (as in effect on the date of death) shall continue through the last
      day of the month in which your death occurs.  Payment of your Base
      Salary shall be made to your estate or your beneficiary as designated in
      writing to the Company.  Your estate or designated beneficiaries as
      applicable shall also receive a pro-rata portion of the Annual Bonus, if
      any, determined for the fiscal year up to and including the date of death
      which shall be determined in good faith by the Compensation Committee of
      the Board of Directors.  Your beneficiaries shall also be entitled to
      all other benefits generally paid by the Company on an employee’s
      death.

              

      

      

      
        	
                 
      

              	
                (b)

              	
                Disability.  Your
      employment shall terminate if you become totally disabled.  Your
      shall be deemed to be totally disabled in you are unable, for any reason,
      to perform any of your duties to the Company, with or without a reasonable
      accommodation, for a period of 90 consecutive days or for periods
      aggregating 120 days in any period of 180 consecutive
  days.

              

      

      

      
        	
                 
      

              	
                (c)

              	
                Cause.  The Company
      may terminate your employment for “Cause”, which shall mean termination
      based upon: (i) your failure to substantially perform your duties with the
      Company, after a written demand for such performance is delivered to you
      by the Company, which identifies the manner in which you have not
      performed your duties, (ii) your commission of an act of fraud, theft,
      misappropriation, dishonesty or embezzlement, (iii) your conviction for a
      felony or pleading nolo
      contendere to a felony, (iv) your failure to follow a lawful
      directive of management, or (v) your material breach of any provision of
      this Agreement.  In the event of a termination for Cause, the Company
      shall pay you, within thirty days of such termination, that portion of
      your Base Salary which is accrued but unpaid as of the date of such
      termination and any other benefits accrued prior to the date of
      termination under this Agreement.

              

      

      

      
        	
                 
      

              	
                (d)

              	
                Other Termination. 
      Should you decide to leave the Company, you will provide the Company with
      60 days written notice.  Should the Company decide to terminate you
      for any reason other than as set forth above, it shall have the right to
      buy out your contract rights herein for 6 months Base Salary and any bonus
      due you on the date of termination, all concomitant with your execution of
      the Company’s standard severance agreement and
  release.

              

      

    

    

    8.        
NOTICES

    

    Any
notices required to be given under this Agreement shall, unless otherwise agreed
to by you and the Company, be in writing and by certified mail, return receipt
requested and mailed to the Company at its headquarters at 701 Koehler Avenue,
Suite 7, Ronkonkoma, NY  11779-7410 or to you at your home address at 818
West Lamar Avenue, Tuscumbia, AL 35674.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    9.        
ASSIGNMENT AND
SUCCESSORS

    

    The
rights and obligations of the Company under this Agreement shall inure to the
benefit of and shall be binding upon the successors of the Company.  This
Agreement may not be assigned by the Company unless the assignee or successor
(as the case may be) expressly assumes the Company’s obligations hereunder in
writing.  In the event of a successor to the Company or the assignment of
the Agreement, the term “Company” as used herein shall include any such
successor or assignee.

    

    10.      
WAIVER OR
MODIFICATION

    

    No waiver
or modification in whole or in part of this Agreement or any term or condition
hereof shall be effective against any party unless in writing and duly signed by
the party sought to be bound.  Any waiver of any breach of any provision
hereof or right or power by any party on one occasion shall not be construed as
a waiver of or a bar to the exercise of such right or power on any other
occasion or as a waiver of any subsequent breach.

    

    11.      
SEPARABILITY

    

    Any
provision of this Agreement which is unenforceable or invalid in any respect in
any jurisdiction shall be ineffective in such jurisdiction to the extent that it
is unenforceable or invalid without effecting the remaining provisions hereof,
which shall continue in full force and effect.  The unenforceability or
invalidity of any provision of the Agreement in one jurisdiction shall not
invalidate or render unenforceable such provision in any other
jurisdiction.

    

    12.      
GOVERNING LAW AND
ARBITRATION

    

    This
Agreement shall be interpreted and construed in accordance with the laws of the
State of New York without regard to its choice of law principles.  Any
dispute, controversy or claim of any kind arising under, in connection with, or
relating to this Agreement or your employment with the Company shall be resolved
exclusively by binding arbitration.  Such arbitration shall be conducted in
New York City in accordance with the rules of the American Arbitration
Association (“AAA”) then in effect.  The costs of the arbitration (fees to
the AAA and for the arbitrator(s)) shall be shared equally by the parties,
subject to apportionment or shifting in the arbitration award.  In
addition, the prevailing party in arbitration shall be entitled to reimbursement
by the other party for its reasonable attorney’s fees incurred.  Judgment
may be entered on the arbitration award in any court of competent
jurisdiction.

    

    13.      
HEADINGS

    

    The
headings contained in this Agreement are for convenience only and shall not
effect, restrict or modify the interpretation of this
Agreement.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      
        
          	 
      	
                  LAKELAND
      INDUSTRIES, INC.

                
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                  By:

                	
                  /s/ Eric O.
      Hallman

                
	 
      	 
      	
                  Eric
      O. Hallman

                
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                  AGREED
      AND ACCEPTED:

                	
                  By:

                	
                  /s/ John J.
      Collins

                
	 
      	 
      	
                  John
      J. Collins

                
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                  /s/ Phillip
      Willingham

                	
                  By:

                	
                  /s/ A. John
      Kreft

                
	
                  Phillip
      Willingham

                	
                   

                	

                  A.
      John Kreft  

                
	
                  Vice
      President, MIS

                	 
      	 
      
	 
      	 
      	 
      
	 
      	
                  By:

                	
                  /s/ Michael
      Cirenza

                
	 
      	 
      	
                  Michael
      Cirenza

                
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                  By:

                	
                  /s/ Stephen
      Bachelder

                
	 
      	 
      	
                  Stephen
      Bachelder

                
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	
                  Board
      of Directors

                
	 
      	 
      	
                  Compensation
      Committee

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}]]