COMMON STOCK PURCHASE WARRANT lakeland industries, inc.Lakeland Industries Inc • October 30th, 2014 • Orthopedic, prosthetic & surgical appliances & supplies
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, CRAIG-HALLUM CAPITAL GROUP LLC or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to the close of business on the five (5) year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Lakeland Industries, Inc., a Delaware corporation (the “Company”), up to 55,500 shares (as subject to adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b). This Warrant is issued by the Company pursuant to Section D.3 of the Engagement Letter, dated October 10, 2014, between the Company and Craig-Hallum Capital Group LLC and Section 4(a)(2) of
