ADDENDUM TO ORIGINAL LEASE
Exhibit
10.6
ADDENDUM TO ORIGINAL
LEASE
COME NOW, both the Lessor
(Xxxx X. Xxxxx and/or Xxxx X. Xxxxx, d/b/a Xxxxx Family Investments), and the
Lessee (Lakeland Industries, Inc.), and to the original Lease Agreement dated
August 1, 2001, with the parties agreeing that this Addendum shall be made a
part of the original Lease Agreement as though fully incorporated herein, with
the parties agreeing to the following provisions:
1. The
“Original Lease” shall be extended per its exact same terms with the following
agreed upon Addendum:
a)
Effective August 1, 2007, Lessee shall pay to Lessor the sum of Eight thousand
($8,000) dollars per month beginning August 1, 2007 and for an agreed upon term
of five (5) years;
b) Lessee
shall have the option to renew the original Lease as well as this Addendum
provided that they pay the new amount of Eight thousand eight hundred ($8,800)
dollars beginning August 1, 2012, for an additional five-year term;
c) Lessee
shall be further granted the option to purchase the leased premises located at
0000 Xxxxxxxxx Xxxxxxx, Xx. Xxxxxx, Xxxxxxxx, for the amount of Eight hundred
thousand ($800,000) dollars, which shall be the net to Lessor with Lessee
agreeing to pay any closing costs, real estate agent fees, title insurance or
any other expenses or costs related to the finalization of any such sale by
Lessor to Lessee.
IN WITNESS WHEREOF, the
parties hereto set their hands, having read and fully understanding and
acknowledging the contents of this Addendum and accept this Addendum as a
further extension of the original Lease Agreement, on this 31st day of
January, 2007.
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XXXX
X. XXXXX
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d/b/a
XXXXX FAMILY INVESTMENTS
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By:
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/s/ Xxxx X.
Xxxxx
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Xxxx
X. Xxxxx, Lessor
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LAKELAND
INDUSTRIES, INC.
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By:
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/s/ Xxxxxxxxxxx X.
Xxxx
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Xxxxxxxxxxx
X. Xxxx, Lessee
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