LOAN AND SECURITY AGREEMENTLoan and Security Agreement • January 15th, 2010 • Lakeland Industries Inc • Orthopedic, prosthetic & surgical appliances & supplies • New York
This Loan and Security Agreement ("Agreement") is dated this 14th day of January, 2010, by and between Lakeland Industries, Inc., a Delaware corporation ("Borrower") and TD Bank, N.A., a national banking association ("Lender").
REVOLVING CREDIT NOTELakeland Industries Inc • January 15th, 2010 • Orthopedic, prosthetic & surgical appliances & supplies
FOR VALUE RECEIVED and intending to be legally bound, the undersigned, Lakeland Industries, Inc., a Delaware corporation ("Borrower"), promises to pay, in lawful money of the United States of America, to the order of TD Bank, N.A. ("Lender"), at the address set forth in Section 9.8 of the Loan Agreement, the maximum aggregate principal sum of Twenty Three Million Five Hundred Thousand and 00/100 ($23,500,000.00) Dollars or such lesser sum which represents the principal balance outstanding under the Revolving Credit established pursuant to the provisions of that certain Loan and Security Agreement dated of even date herewith, between Borrower and Lender (as it may be supplemented, restated, superseded, amended or replaced from time to time, "Loan Agreement"). The outstanding principal balance hereunder shall be payable in accordance with the terms of the Loan Agreement. The actual amount due and owing from time to time hereunder shall be evidenced by Lender's records of receipts and dis
January 31, 2010Lakeland Industries Inc • January 15th, 2010 • Orthopedic, prosthetic & surgical appliances & supplies • New York
The purpose of this letter is to confirm your continuing employment with Lakeland Industries, Inc. on the following terms and conditions:
