Document:

ex10-3.htm

    Exhibit
10.3

    
 

    CERTIFICATE

    

    

    I DO
HEREBY CERTIFY that I am the Secretary of Lakeland Industries, Inc., a Delaware
corporation (the "Corporation"), and the keeper of its records and corporate
seal and that the following is a correct copy of resolutions duly adopted by the
directors of said Corporation at a meeting of the Board of Directors duly held
on the  day of September 17, 2008, at which meeting a quorum of the
directors was present and voted in favor thereof and that said resolutions have
not been amended or rescinded and are in full force and effect:

    

    "WHEREAS,
it is desirable that this Corporation enter into interest rate swaps, caps,
collars, floors, foreign exchange transactions, transactions with respect to
commodities or any similar transaction (including any option with respect to any
of these transactions) from time to time to hedge or otherwise manage interest
rate, commodity price or exchange rate exposure in relation to assets or
liabilities of this Corporation or those of its affiliates.

    

    NOW,
THEREFORE, BE IT RESOLVED, that each of the Chief Executive Officer, the Chief
Financial Officer, and the Secretary of this Corporation (each an "Authorized
Officer"), acting singly, is hereby authorized to execute and deliver on behalf
of this Corporation agreements evidencing this Corporation's obligations in
relation to such transactions, any amendments or supplements thereto, and
assignments or terminations thereof, all in such form and upon such terms as
such Authorized Officer shall approve, such approval to be conclusively
evidenced by the execution and delivery of said agreements by any Authorized
Officer.

    

    RESOLVED
FURTHER, that all officers of this Corporation acting singly are hereby
authorized to execute and deliver on behalf of this Corporation such other
related agreements, certificates and documents and take such other and further
action as may be necessary or desirable to carry out the transactions authorized
by the foregoing resolution.

    

    RESOLVED
FURTHER, that all acts authorized by each of the foregoing resolutions taken
heretofore by any officer authorized therein is hereby ratified as the
authorized act of this Corporation."

    

    I FURTHER
CERTIFY that there is no provision in the Articles of Incorporation or By-laws
of the Corporation limiting the power of the Board of Directors to pass the
foregoing resolutions, and that the same are in conformity with the provisions
of said Articles of Incorporation and By-laws.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    I FURTHER
CERTIFY that each of the persons named below presently holds the office in the
Corporation set forth next to such person's name and that next to the
specification of the office held by each such person is a genuine specimen of
such person's signature.

    

    

    
      	
              NAME

            	
              OFFICER

            	
              SIGNATURE

            
	 
      	 
      	 
      
	
              Christopher
      J. Ryan

            	
              President,
      Chief Executive Officer

            	
              /s/ Christopher J.
      Ryan

            
	 
      	 
      	 
      
	
              Christopher
      J. Ryan

            	
              Secretary

            	
              /s/ Christopher J.
      Ryan

            
	 
      	 
      	 
      
	
              Gary
      Pokrassa

            	
              Chief
      Financial Officer

            	
              /s/ Gary
      Pokrassa

            

    

    

    

    

    IN
WITNESS WHEREOF, I have hereunto subscribed my name and affixed the seal of the
Corporation, this 22nd day of
September, 2008

    

    

    
      	 
      	
              _/s/ Christopher J.
      Ryan

            
	 
      	
              Christopher
      J. Ryan

            
	 
      	
              Secretary
      of Lakeland Industries, Inc.

            

    

    

    

    

    [CORPORATE
SEAL]ex10-4.htm

    
      

      Exhibit
10.4

      

      

      
        	 
      	
                WACHOVIA
      SECURITIES

              
	 
      	
                Wachovia
      Bank, N.A. (“Wachovia Bank”)

              
	 
      	
                Capital
      Markets-Swap Settlements

              
	 
      	
                Fax:
      704-383-8429

              

      

      

      

      DERIVATIVES
SETTLEMENTS

      AUTHORITY
TO HONOR DRAFTS

      

      Name of
Account Holder: Lakeland Industries,
Inc.

      

      Financial
Institution Account held at: Wachovia Bank,
N.A.

      

      Financial
Institution’s ABA Number: 026012881

      

      Account
Number: XXXXXXXXXXXXX

      

      Account
Type: Checking

      

      The
undersigned Customer hereby authorizes Wachovia Bank to credit and debit the
bank account (the “Account”) identified above in the name of Customer, for the
purpose of: (1) crediting amounts due Customer from Wachovia Bank, and (2)
paying amounts due Wachovia Bank from Customer.  This authorization
will remain in effect until terminated by Customer giving Wachovia Bank written
notice of such termination.  If an error or omission is made by
Wachovia Bank in debiting or crediting the Account or in failing to debit or
credit the Account, the Customer must give Wachovia Bank written notice of such
error or omission.  This written notice must be received within 10
calendar days following the date on which Customer is sent the first monthly
statement on which the error or omission appears.  The liability of
Wachovia Bank for any such error or omission shall be limited to debiting or
crediting the Account, as appropriate, within a reasonable period of time after
receipt of the written notice indicated above, in an amount equal to the
difference between the amount, if any, originally debited or credited and the
amount which should have been debited or credited.  In no event shall
Wachovia Bank incur any additional liability for any such error or
omission.

      

      
        	
                Lakeland Industries,
      Inc.

              	
                September 22,
      2008

              
	
                Name
      of Account Holder

              	
                Date

              

      

      

      

      By:    Gary
Pokrassa

      

      Signature:
/s/ Gary
Pokrassa

      Title:
Chief Financial Officer

      Date:
September 22, 2008

      

      IF
YOU HAVE ANY QUESTIONS, CALL 1-800-249-3865.ex10-5.htm

    Exhibit
10.5

    

      September
22, 2008

      

      

      Wachovia
Bank, National Association

      301 South
College Street

      Charlotte,
NC  28202-0600

      

      

      Attention:
Bruce M. Young

      

      Re:
Master Agreement between Lakeland Industries, Inc., (“Company”) and Wachovia
Bank, National Association (“Wachovia”) dated as of September 22, 2008 (as
supplemented by the Schedule thereto, the “Agreement”)

      

      Ladies
and Gentlemen:

      

      I am
delivering this opinion as counsel for the Company in connection with the
Agreement.  Capitalized terms used and not otherwise defined herein
have their meanings as defined in the Agreement.

      

      I have
examined the Agreement (including its Schedule) and such other matters of fact
and law that I have deemed necessary or appropriate to render this
opinion.  In such examination, I have relied as to certain matters on
information from public officials, representatives of the Company and other
sources I believe to be responsible, and I have assumed that all signatures and
documents I have examined are authentic and genuine, assumptions which I have
not verified.  I have also assumed that any Transaction under the
Agreement would be an interest rate swap, a transaction in respect to
commodities or a foreign exchange transaction entered into by the Company for
the purpose of hedging or managing the interest rate risk, commodity price risk
or exchange rate risk of an asset or liability.

      

      This
opinion is limited to matters concerning the laws of the State of Delaware and
the laws of the United States of America, and I have assumed for purposes of
rendering this opinion that the laws of the state chosen by the parties to
govern the Agreement are similar to those of the State of Delaware.

      

      Based
upon the foregoing, it is my opinion that:

      

      1. The
Company is duly organized, validly existing and in good standing under the laws
of the State of Delaware and is empowered to enter into and perform its
obligations under the Agreement.

      

      2. The
Agreement has been duly authorized, executed and delivered by the Company and
constitutes its legal, valid and binding obligation enforceable against it in
accordance with its terms, except as enforcement may be limited by general
principles of equity and bankruptcy, insolvency, fraudulent transfer,
reorganization, moratorium or similar laws of general applicability affecting
the enforcement of creditors' rights generally.

      

      3. The
Company is not required to obtain any approval, authorization, license, consent,
exemption, adjudication or order of, or to file any registration with, any
governmental authority of the United States of America or the state in which it
is organized as a condition to the validity, or for the execution, delivery or
performance by the Company, of the Agreement, or to the exercise by Wachovia of
its rights thereunder.

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      4. The
execution, delivery and performance of the Agreement by the Company will not
contravene or constitute a default under any statute, regulation, rule, order,
judgment or decree, or under any provision of the Company’s constitutional
documents (including any by-laws) or under any contractual agreement or
restriction known to me that is binding on the Company or its assets or that
affects the performance by the Company of its obligations under the
Agreement.

      

      Very
truly yours,

      

      /s/ Christopher J.
Ryan

      Christopher
J. Ryan

      General
Counsel

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