<SEC-DOCUMENT>0001144204-13-047426.txt : 20130822
<SEC-HEADER>0001144204-13-047426.hdr.sgml : 20130822
<ACCEPTANCE-DATETIME>20130822131750
ACCESSION NUMBER:		0001144204-13-047426
CONFORMED SUBMISSION TYPE:	S-1/A
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20130822
DATE AS OF CHANGE:		20130822

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LAKELAND INDUSTRIES INC
		CENTRAL INDEX KEY:			0000798081
		STANDARD INDUSTRIAL CLASSIFICATION:	ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842]
		IRS NUMBER:				133115216
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		S-1/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-190397
		FILM NUMBER:		131054792

	BUSINESS ADDRESS:	
		STREET 1:		701-7 KOEHLER AVENUE
		CITY:			RONKONKOMA
		STATE:			NY
		ZIP:			11779
		BUSINESS PHONE:		6319819700

	MAIL ADDRESS:	
		STREET 1:		701- 7 KOEHLER AVENUE
		CITY:			RONKONKOMA
		STATE:			NY
		ZIP:			11779
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-1/A
<SEQUENCE>1
<FILENAME>v353523_s1a.htm
<DESCRIPTION>FORM S-1/A
<TEXT>
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<HEAD>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B> As filed with the Securities and
Exchange Commission on August 22, 2013 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B> Registration No. 333-190397 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington,&nbsp;D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B> AMENDMENT NO. 1 </B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B> TO </B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM S-1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REGISTRATION STATEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNDER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THE SECURITIES ACT OF 1933</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Lakeland Industries, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>(Exact name of registrant as specified
in its charter)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; text-align: center"><B>Delaware</B></TD>
    <TD STYLE="width: 1%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 32%; text-align: center"><B>3842</B></TD>
    <TD STYLE="width: 1%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 33%; text-align: center"><B>13-3115216</B></TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><I>(State or other jurisdiction of </I></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><I>(Primary Standard Industrial </I></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><I>(I.R.S. Employer </I></TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><I>incorporation or organization) </I></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><I>Classification Code Number) </I></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><I>Identification No.) </I></TD>
    </TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>701 Koehler Avenue, Suite 7</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Ronkonkoma, New York 11779</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(631) 981-9700</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>(Address, including zip code, and telephone
number, including area code,</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>of registrant&rsquo;s principal executive
offices)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Christopher J. Ryan</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Chief Executive Officer and President</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Lakeland Industries, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>701 Koehler Avenue, Suite 7</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Ronkonkoma, N.Y. 11779</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(631) 981-9700</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>(Name, address, including zip code, and
telephone number, including area code, of agent for service)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>Copies to:</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Gary T. Moomjian, Esq.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Jill T. Braunstein, Esq.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Moomjian, Waite &amp; Coleman, LLP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>100 Jericho Quadrangle, Suite 208</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Jericho, New York 11753</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Ph: (516) 937-5900</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Fax: (516) 937-5050</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35pt"><B>Approximate date of commencement of proposed
sale to the public: </B>As soon as practicable after the effectiveness of this Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35pt">If any of the securities being registered
on this Form are being offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the
following box.&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">x</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35pt">If this form is filed to register additional
securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement for the same offering.&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35pt">If this form is a post-effective amendment
filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement
number of the earlier effective registration statement for the same offering.&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35pt">If this form is a post-effective amendment
filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement
number of the earlier effective registration statement for the same offering.&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35pt">Indicate by check mark
whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.
See the definitions of &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer&rdquo; and &ldquo;smaller reporting company&rdquo;
in Rule 12b-2 of the Exchange Act. (Check one):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 22%; padding-left: 9pt; text-align: justify">Large accelerated filer</TD>
    <TD STYLE="width: 43%; text-align: justify"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD>
    <TD STYLE="width: 35%; text-align: justify">Accelerated filer&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 9pt; text-align: justify">Non-accelerated filer</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD>
    <TD STYLE="text-align: justify">Smaller reporting company&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">x</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: justify">(Do not check if a smaller reporting company)</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CALCULATION OF REGISTRATION FEE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP> TITLE OF EACH CLASS OF<BR> SECURITIES TO BE<BR> <U>REGISTERED</U> </TD><TD NOWRAP> &nbsp; </TD>
    <TD COLSPAN="2" NOWRAP> AMOUNT TO BE<BR> <U>REGISTERED(1) </U>&nbsp; </TD><TD NOWRAP> &nbsp; </TD><TD NOWRAP> &nbsp; </TD>
    <TD COLSPAN="2" NOWRAP> PROPOSED<BR> MAXIMUM<BR> OFFERING<BR> PRICE PER<BR> <U>SHARE (3)</U> </TD><TD NOWRAP> &nbsp; </TD><TD NOWRAP> &nbsp; </TD>
    <TD COLSPAN="2" NOWRAP> PROPOSED<BR> MAXIMUM<BR> AGGREGATE<BR> OFFERING<BR> <U>PRICE (3)</U> </TD><TD NOWRAP> &nbsp; </TD><TD NOWRAP> &nbsp; </TD>
    <TD COLSPAN="2" NOWRAP> AMOUNT OF<BR> REGISTRATION<BR> <U>FEE (4)</U> </TD><TD NOWRAP> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD> &nbsp; </TD><TD> &nbsp; </TD>
    <TD COLSPAN="2"> &nbsp; </TD><TD> &nbsp; </TD><TD> &nbsp; </TD>
    <TD COLSPAN="2"> &nbsp; </TD><TD> &nbsp; </TD><TD> &nbsp; </TD>
    <TD COLSPAN="2"> &nbsp; </TD><TD> &nbsp; </TD><TD> &nbsp; </TD>
    <TD COLSPAN="2"> &nbsp; </TD><TD> &nbsp; </TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="width: 48%"> Common Stock, $.01 par value </TD><TD STYLE="width: 1%"> &nbsp; </TD>
    <TD STYLE="text-align: left; width: 1%"> &nbsp; </TD><TD STYLE="text-align: right; width: 10%"> 1,068,506 (2) </TD><TD STYLE="text-align: left; width: 1%"> &nbsp; </TD><TD STYLE="width: 1%"> &nbsp; </TD>
    <TD STYLE="text-align: left; width: 1%"> $ </TD><TD STYLE="text-align: right; width: 10%"> 4.42 </TD><TD STYLE="text-align: left; width: 1%"> &nbsp; </TD><TD STYLE="width: 1%"> &nbsp; </TD>
    <TD STYLE="text-align: left; width: 1%"> $ </TD><TD STYLE="text-align: right; width: 10%"> 4,722,797 </TD><TD STYLE="text-align: left; width: 1%"> &nbsp; </TD><TD STYLE="width: 1%"> &nbsp; </TD>
    <TD STYLE="text-align: left; width: 1%"> $ </TD><TD STYLE="text-align: right; width: 10%"> 644.19 </TD><TD STYLE="text-align: left; width: 1%"> &nbsp; </TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(1)</TD><TD>Pursuant to Rule 416 under the Securities Act of 1933, as amended, this registration statement also registers a currently indeterminate
number of additional shares of our common stock that may be issued to prevent dilution as a result of stock splits, stock dividends
and similar events that result in stockholders, including the selling stockholder, holding additional shares of common stock or
having the right to receive additional shares of common stock.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(2)</TD><TD>Includes shares underlying a Common Stock Purchase Warrant and shares that may be issued in payment of interest on a term note,
dated June 28, 2013.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"> (3) </TD><TD> Estimated solely for purposes of computing the registration
                                                           fee in accordance with Rule 457(c) of the Securities Act of 1933, as
                                                           amended, based on the closing sale price for our common stock as reported
                                                           by the NASDAQ Global Market on August 2, 2013. </TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"> (4) </TD><TD> Previously paid. </TD></TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">THE REGISTRANT HEREBY AMENDS THIS REGISTRATION
STATEMENT ON SUCH DATE OR DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT SHALL FILE A FURTHER AMENDMENT
WHICH SPECIFICALLY STATES THAT THIS REGISTRATION STATEMENT SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(A) OF
THE SECURITIES ACT OF 1933, AS AMENDED, OR UNTIL THE REGISTRATION STATEMENT SHALL BECOME EFFECTIVE ON SUCH DATE AS THE COMMISSION,
ACTING PURSUANT TO SAID SECTION 8(A), MAY DETERMINE.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> SUBJECT TO COMPLETION, DATED AUGUST
22, 2013 </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The information in this preliminary prospectus is not complete
and may be changed. These securities may not be sold until the registration statement filed with the Securities and Exchange Commission
relating to these securities is effective. This preliminary prospectus is not an offer to sell nor does it seek an offer to buy
these securities in any state or jurisdiction where the offer or sale is not permitted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PRELIMINARY PROSPECTUS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>LAKELAND
INDUSTRIES, INC.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>1,068,506 Shares of Common Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This prospectus relates solely to the resale or other disposition
by the selling stockholder named in this prospectus of up to 1,068,506 shares of common stock, consisting of (i) shares issuable
upon exercise of a warrant and (ii) shares that may be issued in payment of interest on a note. The warrant and the note were issued
by us to the selling stockholder in a private placement transaction on June 28, 2013, as more fully described in the prospectus.
The note is a term note due June 28, 2018, interest for which, at the option of the selling stockholder, is payable in shares of
our common stock based on the then current market value. We and the selling stockholder have agreed that the aggregate maximum
number of shares issuable to the selling stockholder is 1,068,506, including the shares underlying the warrant, additional shares
issuable by virtue of price-protection anti-dilution adjustments and shares payable as interest on the note.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The selling stockholder may, from time to time, sell, transfer
or otherwise dispose of any or all of its shares of common stock on any stock exchange, market or trading facility on which the
shares are traded or in private transactions. These dispositions may be at fixed prices, at prevailing market prices at the time
of sale, at prices relating to the prevailing market price, at varying prices determined at the time of sale or at negotiated prices.
See &ldquo;Plan of Distribution&rdquo; for additional information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are not offering any shares of common stock for sale under
this prospectus, and we will not receive any of the proceeds from the sale or other disposition of the shares covered hereby. We
may, however, receive the proceeds of any cash exercise of the warrant. See &ldquo;Use of Proceeds&rdquo; for additional information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> Our common stock is currently traded on the NASDAQ Global
Market under the symbol &ldquo;LAKE.&rdquo; As of August 21, 2013, the closing sale price for our common stock as reported by
the NASDAQ Global Market was $4.31 per share. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Investing in our common stock involves risks. You should
carefully read the section entitled &ldquo;Risk Factors&rdquo; commencing on page 7 of this prospectus and in our Annual Report
on Form 10-K, as amended, for the fiscal year ended January 31, 2013 before investing in our securities.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Neither the Securities and Exchange Commission nor any state
securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete.
Any representation to the contrary is a criminal offense.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">This prospectus is dated&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
2013</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TABLE OF CONTENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 90%">&nbsp;</TD>
    <TD STYLE="width: 10%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><B>Page</B></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="padding-left: 0.1in; text-indent: -0.1in">Cautionary Note Regarding Forward-Looking Statements</TD>
    <TD STYLE="text-align: right">3</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.1in; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="padding-left: 0.1in; text-indent: -0.1in">Prospectus Summary</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;4</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.1in; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="padding-left: 0.1in; text-indent: -0.1in">Risk Factors</TD>
    <TD STYLE="text-align: right">7</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.1in; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="padding-left: 0.1in; text-indent: -0.1in">Use of Proceeds</TD>
    <TD STYLE="text-align: right">8</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.1in; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="padding-left: 0.1in; text-indent: -0.1in">Selling Stockholder Information</TD>
    <TD STYLE="text-align: right">8</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.1in; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="padding-left: 0.1in; text-indent: -0.1in">Plan of Distribution</TD>
    <TD STYLE="text-align: right">9</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.1in; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="padding-left: 0.1in; text-indent: -0.1in">Description of Our Securities</TD>
    <TD STYLE="text-align: right">11</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.1in; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="padding-left: 0.1in; text-indent: -0.1in">Disclosure of SEC Position on Indemnification For Securities Act Liabilities</TD>
    <TD STYLE="text-align: right">14</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.1in; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="padding-left: 0.1in; text-indent: -0.1in">Legal Matters</TD>
    <TD STYLE="text-align: right">14</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.1in; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="padding-left: 0.1in; text-indent: -0.1in">Experts</TD>
    <TD STYLE="text-align: right">14</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.1in; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="padding-left: 0.1in; text-indent: -0.1in">Where You Can Find More Information</TD>
    <TD STYLE="text-align: right">14</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.1in; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="padding-left: 0.1in; text-indent: -0.1in">Incorporation of Certain Information by Reference</TD>
    <TD STYLE="text-align: right">14</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">You should rely only on the information
contained or incorporated by reference in this prospectus. Neither we nor the selling stockholder have authorized anyone to provide
you with different information. This prospectus is not an offer to sell these securities, and the selling stockholder is not soliciting
offers to buy these securities, in any state where the offer or sale of these securities is not permitted. The information contained
in this prospectus is accurate only as of the date of this prospectus, regardless of the time of delivery of this prospectus or
of any sale of common stock. You should not assume that the information contained in this prospectus is accurate as of any date
other than the date on the front cover of this prospectus, or that the information contained in any document incorporated by reference
is accurate as of any date other than the date of the document incorporated by reference, regardless of the time of delivery of
this prospectus or any sale of common stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Unless otherwise indicated, all references
in this prospectus to &ldquo;$&rdquo; or &ldquo;dollars&rdquo; are to U.S. dollars and financial information presented in this
prospectus that is derived from financial statements incorporated by reference is prepared in accordance with accounting principles
generally accepted in the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As used in this prospectus, unless the context
requires otherwise, references to &ldquo;Lakeland,&rdquo; &ldquo;the Company,&rdquo; &ldquo;we,&rdquo; &ldquo;us,&rdquo; or &ldquo;our&rdquo;
refer to Lakeland Industries, Inc. and its subsidiaries, references to our &ldquo;common stock&rdquo; refer to common stock of
the Company, par value $0.01 per share, and references to &ldquo;fiscal&rdquo; year refers to the twelve months ended January 31
of the applicable year. For example, &ldquo;fiscal 2013&rdquo; refers to the twelve months ended January 31, 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This prospectus and the information incorporated
by reference in this prospectus contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933,
as amended (the &ldquo;Securities Act&rdquo;), and Section 21E of the Securities Exchange Act of 1934 (the &ldquo;Exchange Act&rdquo;).
These forward-looking statements involve risks, uncertainties and assumptions as described in registration statements, annual reports
and other periodic reports and filings we file from time to time with the Securities and Exchange Commission. Such statements may
relate to our strategy, future operations, future financial position, future revenues, projected costs, and plans and objectives
of management. All statements contained herein or incorporated by reference in this prospectus that are not clearly historical
in nature are forward-looking, and the words &ldquo;anticipate,&rdquo; &ldquo;believe,&rdquo; &ldquo;continues,&rdquo; &ldquo;expect,&rdquo;
&ldquo;estimates,&rdquo; &ldquo;intend,&rdquo; &ldquo;project&rdquo; and similar expressions, as well as statements in future tense,
identify forward-looking statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We caution readers that these forward-looking
statements are not a guarantee of future performance. Actual results could differ materially from any expectation, estimate or
projection conveyed by these statements and there can be no assurance that any such expectation, estimate or projection will be
met. Numerous important factors, risks and uncertainties affect our operating results and could cause actual results to differ
from the results implied by these or any other forward-looking statements. These potential factors, risks and uncertainties include,
among other things, such factors as:</P>

<P STYLE="font: 10pt Symbol; margin: 0pt 0 0pt 56pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>our ability to make payments on our significant indebtedness and comply with the restrictive covenants therein;</TD></TR></TABLE>

<P STYLE="font: 10pt Symbol; margin: 0pt 0 0pt 56pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>our ability to make timely payment on the arbitration award balance of $5.5 million which is payable in the amount of $250,000
quarterly through December 31, 2018;</TD></TR></TABLE>

<P STYLE="font: 10pt Symbol; margin: 0pt 0 0pt 56pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>our ability to obtain additional funds, if necessary;</TD></TR></TABLE>

<P STYLE="font: 10pt Symbol; margin: 0pt 0 0pt 56pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>we suffered losses from operations in fiscal 2013 and the first quarter of fiscal 2014 and there can be no assurance that such
losses will not continue;</TD></TR></TABLE>

<P STYLE="font: 10pt Symbol; margin: 0pt 0 0pt 56pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>we are incurring adverse operating results from our Brazilian operations and we expect such losses in Brazil to continue at
least through the second quarter of fiscal 2014;</TD></TR></TABLE>

<P STYLE="font: 10pt Symbol; margin: 0pt 0 0pt 56pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>we are subject to risk as a result of our international manufacturing operations;</TD></TR></TABLE>

<P STYLE="font: 10pt Symbol; margin: 0pt 0 0pt 56pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>our exposure to foreign currency exchange rate risks;</TD></TR></TABLE>

<P STYLE="font: 10pt Symbol; margin: 0pt 0 0pt 56pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>changes in technology;</TD></TR></TABLE>

<P STYLE="font: 10pt Symbol; margin: 0pt 0 0pt 56pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the loss of key personnel;</TD></TR></TABLE>

<P STYLE="font: 10pt Symbol; margin: 0pt 0 0pt 56pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the loss of key vendor support;</TD></TR></TABLE>

<P STYLE="font: 10pt Symbol; margin: 0pt 0 0pt 56pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>our inability to protect our intellectual property;</TD></TR></TABLE>

<P STYLE="font: 10pt Symbol; margin: 0pt 0 0pt 56pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>foreign corruption in the countries in which we operate;</TD></TR></TABLE>

<P STYLE="font: 10pt Symbol; margin: 0pt 0 0pt 56pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>our failure to realize anticipated benefits from acquisitions, divestitures or restructurings, or the possibility that such
acquisitions, divestitures or restructurings could adversely affect us;</TD></TR></TABLE>

<P STYLE="font: 10pt Symbol; margin: 0pt 0 0pt 56pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>other risks and uncertainties, including those listed in this prospectus under the caption &quot;Risk Factors&quot; and in
our Annual Report on Form 10-K, as amended, for the fiscal year ended January 31, 2013.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">You should carefully consider such risks,
uncertainties and other information, disclosures and discussions which contain cautionary statements identifying important factors
that could cause actual results to differ materially from those provided in the forward-looking statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Except as may be required, we undertake
no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events
or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This discussion should be read in conjunction
with the consolidated financial statements and notes thereto incorporated by reference in this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PROSPECTUS SUMMARY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>This summary highlights important information
about our business and about this prospectus. This summary does not contain all of the information that may be important to you.
You should carefully read this prospectus in its entirety before making an investment decision. In particular, you should read
the section titled &quot;Risk Factors&quot; and the financial statements and notes related to those statements appearing in our
Annual Report on Form 10-K, as amended, for the fiscal year ended January 31, 2013 which is incorporated by reference in this prospectus.
</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Corporate Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We are a corporation organized under the
laws of the State of Delaware. Our principal executive offices are located at 701 Koehler Avenue, Suite 7, Ronkonkoma, NY 11779,
our telephone number is (631)&nbsp;981-9700 and our website is located at www.lakeland.com. The contents of our website are not
part of this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Our Business</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We manufacture and sell a comprehensive
line of safety garments and accessories for the industrial protective clothing market. Our products are sold by our in-house customer
service group, our regional sales managers and independent sales representatives to a network of over 1,200 North American safety
and mill supply distributors. These distributors in turn supply end user industrial customers, such as integrated oil, chemical/petrochemical,
utilities, automobile, steel, glass, construction, smelting, munition plants, janitorial, pharmaceutical, mortuaries and high technology
electronics manufacturers, as well as scientific and medical laboratories. In addition, we supply to federal, state and local governmental
agencies and departments, such as fire and law enforcement, airport crash rescue units, the Department of Defense, the Department
of Homeland Security and the Centers for Disease Control. However, internationally sales are to a mixture of end users directly
and industrial distributors depending on the particular country market. Sales are made to more than 40 foreign countries, but are
primarily in Brazil, China, Canada, Australia, Chile and Argentina and the regions of the European Community.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&emsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We have operated manufacturing facilities
in Mexico since 1995, in China since 1996, in India since 2007 (in the process of being sold) and in Brazil since 2008 (in the
process of being restructured). In 1995, we began to move the labor intensive sewing operation for our limited use/disposable protective
clothing lines to these facilities. Our facilities and capabilities in China and Mexico allow access to a less expensive labor
pool than is available in the United States and permit us to purchase certain raw materials at a lower cost than are available
domestically. As we have increasingly moved production of our products to our facilities in Mexico and China, we have experienced
improvements in the profit margins for these products.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Fiscal 2013 was a challenging year for management.
The Company lost an officer contract dispute where we had substantial documentary evidence that the officers in question had breached
their employment contracts with us. Nonetheless, a Brazilian Arbitration Panel awarded these officers an aggregate $12.5 million
judgment against us. According to our local Brazilian counsel, arbitration decisions in Brazil are very difficult to successfully
appeal. Subsequently, we successfully negotiated the judgment down to $8.5 million of which $6.0 million was payable over six years
with no interest. As of July 1, 2013, the remaining liability associated with this arbitration judgment is $5.5 million and is
payable at $250,000 a quarter over the next 5-1/2 years, with no interest. In addition, the Brazilian government devalued its currency
by 10% in 2012 which greatly reduced our margins in Brazil on imported fabrics.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As a result of declining sales in fiscal
2013, we experienced quarterly losses in Brazil which caused us to write-off all goodwill, certain intangibles, and deferred tax
assets of Brazil. These factors caused us to default on our loan with TD Bank, N.A. (&ldquo;TD Bank&rdquo;), our then current lender.
Thus, we engaged with new lenders and considered other options, such as the sale of the Company, the sale of assets and a refinance
of the TD Bank loan. In June 2013, we successfully consummated two financing transactions as described in the following section,
&ldquo;Recent Financing Transactions.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Recent Financing Transactions</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On June 28, 2013, together with our wholly-owned
subsidiary, Lakeland Protective Wear Inc., we entered into a senior credit facility pursuant to a  loan and security agreement
(the &ldquo;Senior Loan Agreement&rdquo;) with AloStar Business Credit, a division of AloStar Bank of Commerce, a state banking
institution formed under Alabama law (&ldquo;Senior Lender&rdquo;). The Senior Loan Agreement provides us with a three year $15
million revolving line of credit with interest payable at a variable interest rate based on LIBOR plus 525 basis points, at a floor
of 6.25%. As of the closing date, the interest rate was 6.25% per annum. The senior loan facility is subject to a borrowing base
calculated as the sum of 85% of eligible accounts receivable, as defined, the lesser of 60% of eligible inventory, as defined,
or 85% of the net orderly liquidation value of the inventory and in transit inventory up to a cap of $1,000,000, subject to a satisfactory
appraisal of Alabama real estate. The Senior Loan Agreement grants the Senior Lender a first priority lien on substantially all
of our United States and Canadian assets other than our Canadian warehouse. The facility contains certain financial covenants,
including the requirement to maintain: (i) commencing as of our first fiscal quarter ending July 31, 2013, a fixed charge coverage
ratio of at least 1.1-to-1.00 for the four quarter period then ending, and (ii) a minimum quarterly earnings before interest, taxes,
depreciation and amortization (&ldquo;EBITDA&rdquo;), on a rolling basis (excluding the operations of our Brazilian subsidiary),
of not less than $2.1 million for the two quarters ended July 31, 2013, $3.15 million for the three quarters ended October 31,
2013 and $4.1 million for the four quarters ended January 31, 2014 and thereafter. We are also prohibited during any fiscal year
from making capital expenditures in an aggregate amount in excess of $1 million. The Senior Loan Agreement also includes financial
reporting requirements, customary and other negative covenants, including, without limitation, (i) a $200,000 limit for fiscal
year ended January 31, 2014 on the amount we may advance to or on behalf of our Brazilian subsidiary and nothing thereafter, and
(ii) a $1 million annual limitation on our total net investment in foreign subsidiaries, as well as certain customary events of
default that, upon occurrence, give the Senior Lender the right to accelerate the maturity of all indebtedness outstanding and
foreclose on its security interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On June 28, 2013, we also entered into a
loan and security agreement (the &ldquo;Subordinated Loan Agreement&rdquo;) with LKL Investments, LLC (the &ldquo;Junior Lender&rdquo;)
(a wholly-owned subsidiary of Arenal Capital Fund LP, a private equity fund), the selling stockholder described in this prospectus.
The Subordinated Loan Agreement provided us with a $3.5 million term loan and grants to the Junior Lender a second priority lien
on substantially all of our assets in the United States and Canada other than our Canadian warehouse, except for a first lien on
a Mexican facility. Pursuant to the Subordinated Loan Agreement, among other things, we issued to the Junior Lender a five year
term loan promissory note (the &ldquo;Note&rdquo;) due June 28, 2018. Interest on the Note shall accrue at 12% per annum through
and including December 27, 2016 and shall increase on December 28, 2016 to 16% per annum and on December 28, 2017 to 20% per annum.
Though June 27, 2014, we will make all payments of interest in the form of either payment in kind (PIK) in additional notes or
in shares of our common stock, at the election of the Junior Lender. After that date, the Junior Lender shall have the right to
elect from time to time to be paid interest in the form of either cash, payment in kind (PIK) in additional notes or in shares
of our common stock. If shares of common stock are used to make interest payments on the Note (&ldquo;Interest Shares&rdquo;),
the number of Interest Shares will be based upon 100% of an average of the then current market value of our common stock over a
preceding period of twenty (20) days, subject to the limitations set forth in the Subordinated Loan Agreement. The Subordinated
Loan Agreement contains affirmative and negative covenants substantially similar to those contained in the Senior Loan Agreement
and financial covenants largely based upon those in the Senior Loan Agreement which are 10% more permissive. In connection with
this transaction, we also issued to the Junior Lender a common stock purchase warrant (the &ldquo;Warrant&rdquo;) to purchase up
to 566,015 shares of our common stock (subject to adjustment), representing beneficial ownership of approximately 9.6% of our outstanding
common stock as of the closing of the transactions contemplated by the Subordinated Loan Agreement. The Warrant contains customary
and other anti-dilution provisions, including for issuances of our common stock or common stock equivalents at a price less than
$5.00 per share, computed on a weighted average basis. In order to comply with the rules and regulations of The NASDAQ Global Market,
regardless of whether or not our common stock is traded thereon, the Subordinated Loan Agreement and the Warrant each restrict
us from issuing in excess of an aggregate of 1,068,506 shares of our common stock (as appropriately adjusted for any stock split,
stock dividend or other reclassification or combination of our common stock) under the Warrant and as Interest Shares. This represents
19.99% of our 5,345,206 shares issued and outstanding as of the closing of the subordinated financing transaction. Our receipt
of gross proceeds of $3.5 million in subordinated debt financing was a condition precedent set by Senior Lender, of which this
transaction satisfied.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The proceeds from the two financings have
been used to fully repay our former financing facility with TD Bank in the amount of approximately $13.7 million and also a warehouse
loan in Canada with a balance of Cdn$1,362,000 Canadian dollars (approximately $1,320,000), payable to Business Development Bank
of Canada.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As a condition of the Subordinated Loan
Agreement, we entered into an Investor Rights Agreement, dated as of June 28, 2013, with the Junior Lender (the &ldquo;Investor
Rights Agreement&rdquo;) pursuant to which the Junior Lender is entitled to designate one person for election to our board of directors,
for so long as the Junior Lender and/or any of its affiliates own (beneficially or of record) (i)(A) common stock, including common
stock underlying securities convertible into, or exchangeable or exercisable for our common stock, representing in the aggregate
at least 6% of our outstanding common stock and (B) any loans, notes or other indebtedness under the Subordinated Loan Agreement
or other documents related thereto in an aggregate principal amount of at least $2,000,000 or (ii) shares of our common stock (for
these purposes, excluding securities that are convertible, exchangeable or exercisable for shares of our common stock) that represent
in the aggregate at least 5% of our outstanding common stock. As of the date of this prospectus, the Junior Lender has not exercised
the right to designate a board representative.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If no board representative of the Junior
Lender is serving as a director on our board, the Junior Lender has the right to appoint one board observer to attend meetings
of our board and any committee thereof, for so long as the Junior Lender and/or any of its affiliates own (beneficially or of record)
(i) common stock, including common stock underlying securities convertible into, or exchangeable or exercisable for our common
stock, representing in the aggregate at least 6% of our outstanding common stock and/or (ii) any loans, notes or other indebtedness
under the Subordinated Loan Agreement or other documents related thereto in an aggregate principal amount of at least $2,000,000.
The observer, if appointed, would have the right to attend all meetings of our board and to receive all board meeting materials,
subject to certain restrictions set forth in the Investor Rights Agreement. As of the date of this prospectus, the Junior Lender
has not exercised the right to designate an observer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Also in connection with the subordinated
loan transaction, pursuant to the terms of a Registration Rights Agreement, dated as of June 28, 2013, between us and the Junior
Lender, we were obligated to file a registration statement with the SEC on or prior to September 26, 2013 registering the resale
of registrable securities consisting of shares of our common stock issued or issuable to Junior Lender, which registration statement
is required to become effective by December 25, 2013. If the registration statement was not filed with the SEC on or prior to September
26, 2013, we would have been required to make pro rata payments to the Junior Lender and/or any of its affiliates or transferees
holding registrable securities, as liquidated damages and not as a penalty, in an amount equal to 1.0% of the aggregate amount
invested by each holder of registrable securities for each 30-day period or pro rata for any portion thereof following September
26, 2013 for which no registration statement was filed. The registration statement of which this prospectus is a part constitutes
such a registration statement which was required to be filed by such date. If (A) the registration statement of which this prospectus
is a part is not declared effective by the SEC prior to the earlier of (i) five (5) business days after the SEC shall have informed
us that no review of the registration statement will be made or that the SEC has no further comments on the registration statement
or (ii) December 25, 2013 (the 180th day after the closing date) or (B) after the registration statement has been declared effective
by the SEC, sales cannot be made pursuant to such registration statement for any reason (including, without limitation, by reason
of a stop order, or our failure to update the registration statement), but excluding certain delays permitted by the Registration
Rights Agreement or the inability of any holder of registrable securities to sell such registrable securities covered thereby due
to market conditions, then we will make pro rata payments to each holder of registrable securities, as liquidated damages and not
as a penalty, in a cash amount equal to 1.0% of the aggregate amount invested by such holder of registrable securities for each
30-day period or pro rata for any portion thereof following the date by which such registration statement should have been effective.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Additional Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For a complete description of our business,
legal proceedings, financial condition, results of operations and other important information, we refer you to our filings with
the Securities and Exchange Commission (the &ldquo;SEC&rdquo;) that are incorporated by reference in this prospectus, including
our Annual Report on Form 10-K, as amended, for the year ended January 31, 2013. For instructions on how to find copies of these
documents, please see the section of this prospectus entitled &ldquo;Where You Can Find Additional Information.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>The Offering</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following is a brief summary of the
offering. You should read the entire prospectus carefully, including &ldquo;Risk Factors&rdquo; and the information, including
financial information relating to us including in our filings with the SEC and incorporated by reference into this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 95%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 38%">Issuer</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 60%">Lakeland Industries, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Shares of common stock offered by the selling stockholder</TD>
    <TD>&nbsp;</TD>
    <TD>1,068,506 shares of common stock<SUP>1</SUP></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Shares of common stock outstanding assuming all of the shares covered hereby are sold</TD>
    <TD>&nbsp;</TD>
    <TD>6,419,487<SUP>2</SUP></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Use of Proceeds</TD>
    <TD>&nbsp;</TD>
    <TD>We will not receive any of the proceeds from the sale of shares of common stock by the selling stockholder.&nbsp;&nbsp;We may, however, receive proceeds of any cash exercises of the Warrant which, if received, would be used by us for working capital purposes.&nbsp;&nbsp;Please see section entitled &ldquo;Use of Proceeds&rdquo; in this prospectus.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Risk Factors</TD>
    <TD>&nbsp;</TD>
    <TD>An investment in our common stock involves certain risks, which should be carefully considered by prospective investors before investing in our common stock.&nbsp;&nbsp;See &ldquo;Risk Factors&rdquo; in this prospectus and in our Annual Report on Form 10-K, as amended, for the fiscal year ended January 31, 2013.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Symbol</TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our common stock is traded on the NASDAQ Global Market under
        the symbol &ldquo;LAKE.&rdquo;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RISK FACTORS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Investing in our common stock involves
risks including, without limitation, those set forth below. There may be other unknown or unpredictable economic, business, competitive,
regulatory or other factors that could have material adverse effects on our future results. Past financial performance may not
be a reliable indicator of future performance and historical trends should not be used to anticipate results or trends in future
periods. If any of the risks described below or in any document incorporated by reference herein actually occurs, our business,
financial condition and results of operations would likely suffer. In that event, the market price of our common stock could decline
and investors in our common stock could lose all or part of their investment. You should carefully consider all of the information
set forth in this prospectus and the documents incorporated by reference herein and annexed hereto, and, in particular, the risk
factors described in our Annual Report on Form 10-K, as amended, for the fiscal year ended January 31, 2013, filed with the SEC,
which are incorporated by reference into this prospectus, with your respective legal counsel, tax and financial advisors and/or
accountants prior to purchasing our common stock.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Risks Related to Ownership of Our Common Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Future sales or issuance of our common stock may cause
the prevailing market price of our shares to decrease.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In connection with our junior financing transaction, we issued
the Warrant and the Note in a private placement transaction conducted pursuant to Rule 506 of Regulation D promulgated under the
Securities Act. If the holder of the Warrant and Note chooses to exercise its purchase rights under the Warrant and/or elects to
be paid interest on the Note in shares of common stock and, in either such case, decides to sell its shares in the public market
under Rule 144 or pursuant to an effective registration statement, the prevailing market price for our common stock may decline.
Please see section of this prospectus entitled &ldquo;Prospectus Summary-Recent Financing Transactions.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.15in"><FONT STYLE="font-size: 10pt"><SUP>1</SUP></FONT></TD><TD><FONT STYLE="font-size: 10pt">Includes shares issuable upon exercise of the Warrant (which is subject to price-protection and
other anti-dilution adjustment provisions) and shares that may be issued in payment of interest on the Note, subject to limitations
set forth in the Subordinated Loan Agreement and the Warrant.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-indent: -9pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.15in"><SUP>2</SUP></TD><TD>The number of shares of common stock outstanding is based on the number of shares issued and outstanding as of August 2, 2013,
assuming the issuance of the number of shares offered in this prospectus.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Our common stock is an equity interest and therefore subordinated
to our indebtedness.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Payments of the principal and interest under the notes issued
under the loan agreements entered into in connection with our senior and junior financings are secured by first and second priority
liens on, and security interests in, substantially all of our and our subsidiaries&rsquo; present and after-acquired assets. In
the event of our liquidation, dissolution or winding up, our common stock would rank below all debt claims against us. As a result,
holders of our common stock will not be entitled to receive any payment or other distribution of assets upon our liquidation, dissolution
or winding up until after all of our obligations to our debt holders have been satisfied.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>The securities we issued or may be required to issue in
the future in connection with our subordinated debt financing may affect the value of our common stock and dilute the holdings
of our then existing stockholders.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We may be required to issue up to an aggregate of 1,068,506
shares of our common stock upon the exercise of the Warrant, including as a price-protection anti-dilution adjustment, and as Interest
Shares on the Note, which could depress our stock price and further dilute the holdings of our then existing stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>We are precluded from paying and do not anticipate paying
any dividends to our common stockholders in the near future.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are prohibited from declaring or paying any dividends to
our common stockholders without the prior consent of our senior and junior lenders. Further, we have not paid dividends on our
common stock since August 2006 and we do not anticipate, if permitted, paying any dividends in the foreseeable future. Instead,
we plan to retain any earnings to maintain and expand our existing operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Risks Related to Our Business and Industry and Other Matters</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Please see &ldquo;Item 1A - Risk Factors&rdquo; contained in
our Annual Report on Form 10-K, as amended, for the fiscal year ended January 31, 2013 which is incorporated by reference herein,
for risk factors related to our business and industry and other matters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>USE OF PROCEEDS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We will not receive any of the proceeds
from the sale of the shares of our common stock offered by the selling stockholder. The selling stockholder will receive all of
the proceeds from the sale of our common stock offered by this prospectus. We may, however, receive the nominal proceeds of any
cash exercises of the Warrant which, if received, would be used by us for working capital purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SELLING STOCKHOLDER INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This prospectus covers the resale from time
to time of 1,068,506 shares of common stock which may be issued to the selling stockholder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following table lists certain information
with respect to the selling stockholder, including:</P>

<P STYLE="font: 10pt Symbol; margin: 0pt 0 0pt 1in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the selling stockholder&rsquo;s name;</TD></TR></TABLE>

<P STYLE="font: 10pt Symbol; margin: 0pt 0 0pt 1in; text-indent: -0.25in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the number of shares and percentage of common stock beneficially owned by the selling stockholder prior to the offering; and</TD></TR></TABLE>

<P STYLE="font: 10pt Symbol; margin: 0pt 0 0pt 1in; text-indent: -0.25in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the number of shares and percentage of common stock to be beneficially owned by selling stockholder after completion of the
offering.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The table below has been prepared based
upon the information furnished to us by the selling stockholder. We do not know when or in what amounts the selling stockholder
may sell or otherwise dispose of the shares of common stock covered hereby. As a result, we cannot estimate the number of the shares
that will be held by the selling stockholder after completion of the offering. However, for purposes of this table, we have assumed
that all of the shares of common stock covered by this prospectus will be sold by the selling stockholder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Except for the transactions described in
this prospectus under &ldquo;Prospectus Summary-Recent Financing Transactions,&rdquo; the selling stockholder has not had any position,
office or other material relationship with us or any of our predecessors or affiliates within the past three years. We are filing
the registration statement on Form S-1, of which this prospectus is a part, to fulfill a contractual obligation to the selling
stockholder to do so pursuant to the Registration Rights Agreement executed in connection with the subordinated financing transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The information in the table is based on
5,350,981 shares outstanding as of August 2, 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif; text-decoration: none">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="color: black; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Name&nbsp;of&nbsp;Selling&nbsp;Stockholder</FONT></TD><TD NOWRAP STYLE="color: black; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="color: black; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Shares&nbsp;Beneficially<BR>
    Owned&nbsp;Prior&nbsp;to&nbsp;the<BR> Offering(1)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; color: black; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="color: black; font-weight: bold; padding-bottom: 1pt; text-decoration: none"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="color: black; font-weight: bold; border-bottom: Black 1pt solid; text-decoration: none"><FONT STYLE="font-size: 8pt; color: black"><B>Percent&nbsp;of</B></FONT><FONT STYLE="font-size: 8pt"><BR>
    <FONT STYLE="color: black"><B>Class</B></FONT><BR> <FONT STYLE="color: black"><B>Beneficially</B></FONT><BR> <FONT STYLE="color: black"><B>Owned&nbsp;Prior&nbsp;to</B></FONT><BR>
    <FONT STYLE="color: black"><B>the&nbsp;Offering &nbsp;</B></FONT></FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; color: black; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="color: black; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="color: black; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Number&nbsp;of<BR>
    Shares<BR> Offered<BR> Hereby</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; color: black; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="color: black; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="color: black; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Number&nbsp;of&nbsp;Shares<BR>
    Beneficially<BR> Owned<BR> After&nbsp;the<BR> Offering(2)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; color: black; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD NOWRAP STYLE="color: black; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="color: black; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Percent&nbsp;of&nbsp;Class<BR>
    Beneficially<BR> Owned<BR> After&nbsp;the<BR> Offering(2)</FONT></TD><TD NOWRAP STYLE="padding-bottom: 1pt; color: black; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="width: 45%; color: black; text-align: left"><FONT STYLE="font-size: 8pt">LKL Investments, LLC(3)</FONT></TD><TD STYLE="width: 1%; color: black"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: black; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 8%; color: black; text-align: right"><FONT STYLE="font-size: 8pt">566,015</FONT></TD><TD STYLE="width: 1%; color: black; text-align: left"><FONT STYLE="font-size: 8pt">(4)</FONT></TD><TD STYLE="width: 1%; color: black"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: black; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 8%; color: black; text-align: right"><FONT STYLE="font-size: 8pt">9.57</FONT></TD><TD STYLE="width: 1%; color: black; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD><TD STYLE="width: 1%; color: black"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: black; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 8%; color: black; text-align: right"><FONT STYLE="font-size: 8pt">1,068,506</FONT></TD><TD STYLE="width: 1%; color: black; text-align: left"><FONT STYLE="font-size: 8pt">(5)</FONT></TD><TD STYLE="width: 1%; color: black"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: black; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 8%; color: black; text-align: right"><FONT STYLE="font-size: 8pt">0</FONT></TD><TD STYLE="width: 1%; color: black; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; color: black"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: black; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 8%; color: black; text-align: right"><FONT STYLE="font-size: 8pt">0</FONT></TD><TD STYLE="width: 1%; color: black; text-align: left"><FONT STYLE="font-size: 8pt">%</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(1)</TD><TD>Beneficial ownership is determined in accordance with the rules of the SEC and generally includes voting or investment power
with respect to securities and including any securities that grant the selling stockholder the right to acquire common stock within
60 days of the date of this prospectus. Based upon representations of the selling stockholder, we believe that the selling stockholder
possesses sole voting and investment power over all shares of common stock shown as beneficially owned by the selling stockholder.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(2)</TD><TD>Assumes that all securities offered hereby are sold.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(3)</TD><TD>The selling stockholder is a Delaware limited liability company and a wholly-owned subsidiary of Arenal Capital Fund,
                                                           LP,                                                            a
                                                           Delaware                                                                                                             limited
                                                           partnership                                                               (the
                                                           &ldquo;Fund&rdquo;), a private equity fund.                                                                        Arenal
                                                           Capital                                                            Partners LP, a Delaware limited partnership (the
                                                           &ldquo;General Partner&rdquo;), serves as the sole general partner of the Fund. Adam Kauffman, Steven Graham and Rajinder
                                                           Singh directly or indirectly manage or advise the General Partner. Mr. Singh also manages Arenal Capital GP LLC, a Delaware
                                                           limited liability company that serves as the sole general partner of the General Partner. The Fund and the General Partner
                                                           share the power to vote and the power to direct the disposition of all of our securities owned by selling stockholder. The
                                                           address of the selling stockholder is P.O. Box 692, Flagtown, New Jersey 08821.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(4)</TD><TD>These 566,015 shares of common stock are the shares of common stock issuable upon exercise by selling stockholder of the Warrant
that are presently exercisable as of the date of this prospectus. Does not include shares of common stock which may be issuable
to the selling stockholder as Interest Shares. In order to comply with the rules and regulations of The NASDAQ Global Market, regardless
of whether or not our common stock is traded thereon, the Subordinated Loan Agreement and the Warrant each restrict us from issuing
in excess of an aggregate of 1,068,506 shares of our common stock (as appropriately adjusted for any stock split, stock dividend
or other reclassification or combination of our common stock) under the Warrant or as Interest Shares (the &ldquo;Cap&rdquo;).
This represents 19.99% of our 5,345,206 shares issued and outstanding as of the closing of the subordinated financing transaction.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(5)</TD><TD>Represents the aggregate maximum number of shares (as appropriately adjusted for any stock split, stock dividend or other reclassification
or combination of our common stock) issuable to selling stockholder under the Warrant and as Interest Shares in compliance with
the Cap.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PLAN OF DISTRIBUTION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The selling stockholders, which as used
herein includes donees, pledgees, transferees or other successors-in-interest selling shares of common stock or interests in shares
of common stock received after the date of this prospectus from a selling stockholder as a gift, pledge, partnership distribution
or other transfer, may, from time to time, sell, transfer or otherwise dispose of any or all of their shares of common stock or
interests in shares of common stock on any stock exchange, market or trading facility on which the shares are traded or in private
transactions. These dispositions may be at fixed prices, at prevailing market prices at the time of sale, at prices related to
the prevailing market price, at varying prices determined at the time of sale, or at negotiated prices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The selling stockholders may use any one
or more of the following methods when disposing of shares or interests therein:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>block trades in which the broker-dealer will attempt to sell the shares as agent, but may position and resell a portion of
the block as principal to facilitate the transaction;</TD></TR></TABLE>

<P STYLE="font: 10pt Symbol; margin: 0pt 0 0pt 1in; text-indent: -0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Symbol; margin: 0pt 0 0pt 1in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>purchases by a broker-dealer as principal and resale by the broker-dealer for its account;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>an exchange distribution in accordance with the rules of the applicable exchange;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>privately negotiated transactions;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>short sales effected after the date the registration statement of which this prospectus is a part is declared effective by
the SEC;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>through the writing or settlement of options or other hedging transactions, whether through an options exchange or otherwise;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>broker-dealers may agree with the selling stockholders to sell a specified number of such shares at a stipulated price per
share;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>a combination of any such methods of sale; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>any other method permitted by applicable law.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The selling stockholders may, from time
to time, pledge or grant a security interest in some or all of the shares of common stock owned by them and, if they default in
the performance of their secured obligations, the pledgees or secured parties may offer and sell the shares of common stock, from
time to time, under this prospectus, or under an amendment to this prospectus under Rule 424(b)(3) or other applicable provision
of the Securities Act amending the list of selling stockholders to include the pledgee, transferee or other successors in interest
as selling stockholders under this prospectus. The selling stockholders also may transfer the shares of common stock in other circumstances,
in which case the transferees, pledgees or other successors in interest will be the selling beneficial owners for purposes of this
prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In connection with the sale of our common
stock or interests therein, the selling stockholders may enter into hedging transactions with broker-dealers or other financial
institutions, which may in turn engage in short sales of the common stock in the course of hedging the positions they assume. The
selling stockholders may also sell shares of our common stock short and deliver these securities to close out their short positions,
or loan or pledge the common stock to broker-dealers that in turn may sell these securities. The selling stockholders may also
enter into option or other transactions with broker-dealers or other financial institutions or the creation of one or more derivative
securities which require the delivery to such broker-dealer or other financial institution of shares offered by this prospectus,
which shares such broker-dealer or other financial institution may resell pursuant to this prospectus (as supplemented or amended
to reflect such transaction).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The aggregate proceeds to the selling stockholders
from the sale of the common stock offered by them will be the purchase price of the common stock less discounts or commissions,
if any. Each of the selling stockholders reserves the right to accept and, together with their agents from time to time, to reject,
in whole or in part, any proposed purchase of common stock to be made directly or through agents. We will not receive any of the
proceeds from this offering. Upon any exercise of the warrants by payment of cash, however, we will receive the exercise price
of the warrants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The selling stockholders also may resell
all or a portion of the shares in open market transactions in reliance upon Rule 144 under the Securities Act, provided that they
meet the criteria and conform to the requirements of that rule.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The selling stockholders and any underwriters,
broker-dealers or agents that participate in the sale of the common stock or interests therein may be &ldquo;underwriters&rdquo;
within the meaning of Section 2(11) of the Securities Act. Any discounts, commissions, concessions or profit they earn on any resale
of the shares may be underwriting discounts and commissions under the Securities Act. Selling stockholders who are &ldquo;underwriters&rdquo;
within the meaning of Section 2(11) of the Securities Act will be subject to the prospectus delivery requirements of the Securities
Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">To the extent required, the shares of our
common stock to be sold, the names of the selling stockholders, the respective purchase prices and public offering prices, the
names of any agents, dealer or underwriter, and any applicable commissions or discounts with respect to a particular offer will
be set forth in an accompanying prospectus supplement or, if appropriate, a post-effective amendment to the registration statement
that includes this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In order to comply with the securities laws
of some states, if applicable, the common stock may be sold in these jurisdictions only through registered or licensed brokers
or dealers. In addition, in some states the common stock may not be sold unless it has been registered or qualified for sale or
an exemption from registration or qualification requirements is available and is complied with.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We have advised the selling stockholders
that the anti-manipulation rules of Regulation M under the Exchange Act may apply to sales of shares in the market and to the activities
of the selling stockholders and their affiliates. In addition, to the extent applicable we will make copies of this prospectus
(as it may be supplemented or amended from time to time) available to the selling stockholders for the purpose of satisfying the
prospectus delivery requirements of the Securities Act. The selling stockholders may indemnify any broker-dealer that participates
in transactions involving the sale of the shares against certain liabilities, including liabilities arising under the Securities
Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We have agreed to indemnify the selling
stockholders against liabilities, including liabilities under the Securities Act and state securities laws, relating to the registration
of the shares offered by this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We have agreed with the selling stockholders
to keep the registration statement of which this prospectus constitutes a part effective until the earlier of (1) the date on which
all of the shares covered by this prospectus have been disposed of pursuant to and in accordance with the registration statement
or (2) the date on which all of the shares may be sold without restriction pursuant to Rule 144 of the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DESCRIPTION OF OUR SECURITIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following is a summary of the material
terms of our common stock and the Warrant. This description does not purport to be complete and is qualified in its entirety by
reference to our restated certificate of incorporation and amended and restated bylaws, which are filed as exhibits to the registration
statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Common Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We have the authority to issue an aggregate
of 10,000,000 shares of common stock, par value $0.01 per share, and 1,500,000 shares of preferred stock, par value $0.01 per share.
As of the August 2, 2013, we had outstanding 5,350,981 shares of common stock and no shares of preferred stock. The rights, preferences
and privileges of holders of our common stock are subject to, and may be adversely affected by, the rights of the holders of shares
of any series of our preferred stock which we may designate and issue in the future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><I>Dividend Rights.</I></B> Subject to
the rights of holders of preferred stock of any series that may be issued from time to time, holders of common stock shall be entitled
to receive such dividends and other distributions in cash as may be declared by our board of directors from time to time out of
our assets or funds of legally available for dividends and other distributions, and shall share equally on a per share basis in
all such dividends and other distributions. We currently intend to retain any future earnings for use in our business and we do
not anticipate paying any cash dividends in the foreseeable future. Our ability to pay dividends is subject to certain contractual
restrictions imposed by our current senior and junior financing facilities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><I>Liquidation Rights.</I></B> In the
event of any liquidation, dissolution or winding up, the holders of our common stock will be entitled to share in our net assets
available after the payment of all debts and other liabilities and subject to the prior rights of any outstanding class of our
preferred stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><I>Preemptive Rights.</I></B> The holders
of our common stock have no preemptive rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><I>Conversion Rights.</I></B> Shares
of our common stock are not convertible.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><I>Voting Rights.</I></B> Subject to
the rights of the holders of any series of our preferred stock, each outstanding share of our common stock is entitled to one vote
on all matters submitted to a vote of stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><I>Board of Directors.</I></B> Holders
of common stock do not have cumulative voting rights with respect to the election of directors. At any meeting to elect directors
by holders of our common stock, the presence, in person or by proxy, of the holders of a majority of the voting power of shares
of capital stock then outstanding shall constitute a quorum for such election. Directors shall be elected by a plurality of the
votes of the shares present and entitled to vote on the election of directors, except for directors whom the holders of preferred
stock have the right to elect, if any.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Certain Anti-Takeover Effects</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><I>Provisions of Delaware Law.</I></B>
We are a Delaware corporation. Section 203 of the Delaware General Corporate Law (&ldquo;DGCL&rdquo;) applies to us. It is an anti-takeover
statute that is designed to protect stockholders against coercive, unfair or inadequate tender offers and other abusive tactics
and to encourage any person contemplating a business combination with us to negotiate with our board of directors for the fair
and equitable treatment of all stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Under Section 203 of the DGCL, a Delaware
corporation shall not engage in a &ldquo;business combination&rdquo; with an &ldquo;interested stockholder&rdquo; for a period
of three years following the date that the stockholder became an interested stockholder. &ldquo;Business combination&rdquo; includes
a merger, consolidation, asset sale or other transaction resulting in a financial benefit to the interested stockholder. &ldquo;Interested
stockholder&rdquo; is a person who, together with affiliates and associates, owns, or within three years did own, 15% or more of
the corporation&rsquo;s outstanding voting stock. This prohibition does not apply if:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;prior to the time that the stockholder became
an interested stockholder, the board of directors of the corporation approved either the business combination or the transaction
resulting in the stockholder&rsquo;s becoming an interested stockholder;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;upon completion of the transaction resulting in
the stockholder&rsquo;s becoming an interested stockholder, the stockholder owns at least 85% of the outstanding voting stock of
the corporation, excluding voting stock owned by directors who are also officers and by certain employee stock plans; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;at or subsequent to the time that the stockholder
became an interested stockholder, the business combination is approved by the board and authorized at an annual or special meeting
of stockholders, and not by written consent, by the affirmative vote of at least two-thirds of the outstanding voting stock that
the interested stockholder does not own.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A Delaware corporation may elect not to
be governed by these restrictions. We have not opted out of Section 203.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><I>Classified Board of Directors; Removal
of Directors for Cause. </I></B>Our certificate of incorporation and bylaws provide for our board of directors to be divided into
three classes, as nearly equal in number as possible, serving staggered terms. Approximately one-third of our board will be elected
each year. At each annual meeting of stockholders, directors elected to succeed those directors whose terms expire will be elected
for a three-year term of office. All directors elected to our classified board of directors will serve until the election and qualification
of their respective successors or their earlier resignation or removal. The board of directors is authorized to create new directorships
and to fill such positions so created and is permitted to specify the class to which any such new position is assigned. The person
filling such position would serve for the term applicable to that class. The board of directors (or its remaining members, even
if less than a quorum) is also empowered to fill vacancies on the board of directors occurring for any reason for the remainder
of the term of the class of directors in which the vacancy occurred. Members of the board of directors may only be removed for
cause by either the affirmative vote of a majority of our outstanding voting stock or the board of directors. These provisions
are likely to increase the time required for stockholders to change the composition of the board of directors. For example, in
general, at least two annual meetings will be necessary for stockholders to effect a change in a majority of the members of the
board of directors. The provision for a classified board could prevent a party who acquires control of a majority of our outstanding
common stock from obtaining control of our board of directors until our second annual stockholders meeting following the date the
acquirer obtains the controlling stock interest. The classified board provision could have the effect of discouraging a potential
acquirer from making a tender offer or otherwise attempting to obtain control of us and could increase the likelihood that incumbent
directors will retain their positions. Furthermore, the Junior Lender is entitled to designate one person for election to our board
of directors or to appoint one board observer under certain circumstances pursuant to the terms and conditions of our Investor
Rights Agreement with the Junior Lender, as further described above under the section &ldquo;Prospectus Summary-Recent Financing
Transactions.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><I>Advance Notice Procedures.</I></B>
Our bylaws establish an advance notice procedure for stockholder nominations of persons for election to our board of directors.
Stockholders at an annual meeting will only be able to consider nominations specified in the notice of meeting or brought before
the meeting by or at the direction of our board of directors or by a stockholder who was a stockholder of record on the record
date for the meeting, who is entitled to vote at the meeting and who has given our corporate secretary timely written notice, in
proper form, of the stockholder&rsquo;s intention to bring that business before the meeting. Although our bylaws will not give
the board of directors the power to approve or disapprove stockholder nominations of candidates or proposals regarding other business
to be conducted at a special or annual meeting, the bylaws may discourage or deter a potential acquirer from conducting a solicitation
of proxies to elect its own slate of directors or otherwise attempting to obtain control of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><I>Super-Majority Stockholder Vote Required
for Certain Actions. </I></B>The Delaware General Corporation Law provides generally that the affirmative vote of a majority of
the shares entitled to vote on any matter is required to amend a corporation's certificate of incorporation or bylaws, unless the
corporation's certificate of incorporation or bylaws, as the case may be, requires a greater percentage. Our restated certificate
of incorporation requires the affirmative vote of the holders of at least 66-2/3% of our outstanding voting stock to amend or repeal
certain provisions of our restated certificate of incorporation. This &ldquo;super-majority&rdquo; stockholder vote would be in
addition to any separate class vote that might be required pursuant to the terms of any preferred stock that might then be outstanding.
In addition, our amended and restated bylaws may only be amended by the directors then in office.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><I>Effects of Authorized but Unissued
Shares.</I></B> We have shares of common stock and &ldquo;blank check&rdquo; preferred stock available for future issuance and
may designate and issue preferred stock without stockholder approval, subject to the limitations imposed by the listing standards
of the NASDAQ Global Market or any securities market or exchange our securities may be listed or traded on. These additional shares
may be utilized for a variety of corporate purposes, including future public offerings to raise additional capital, corporate acquisitions
and employee benefit plans. The existence of authorized but unissued shares of common stock and &ldquo;blank check&rdquo; preferred
stock could render more difficult or discourage an attempt to obtain control of a majority of our common stock by means of a proxy
contest, tender offer, merger or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Transfer Agent and Registrar</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Registrar &amp; Transfer Company is the
transfer agent and registrar for our common stock. The transfer agent and registrar&rsquo;s address is 10 Commerce Drive, Cranford,
New Jersey 07016-3572.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Listing of Our Common Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our common stock is listed on the NASDAQ
Global Market under the symbol &ldquo;LAKE.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Common Stock Purchase Warrant</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On June 28, 2013, we issued to LKL Investments,
LLC, the selling stockholder, a common stock purchase warrant (the &ldquo;Warrant&rdquo;) to purchase up to 566,015 shares of our
common stock (subject to adjustment) pursuant to the Subordinated Loan Agreement. The Warrant gives the warrant holder the right
to purchase one share of common stock at the price of $0.01 per share for each share underlying the Warrant. The Warrant may be
exercised in whole or in part at any time on or before June 28, 2018. The Warrant contains a cashless exercise option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Warrant also contains customary and
other anti-dilution provisions, including for issuances of our common stock or common stock equivalents at a price less than $5.00
per share, computed on a weighted average basis; provided, that in order to comply with the rules and regulations of the NASDAQ
Global Market, and regardless of whether or not our common stock is then traded thereon, we shall not be permitted to issue any
shares of our common stock upon exercise of the Warrant if the issuance of such shares of common stock would, when added to the
aggregate number of shares of our common stock previously issued upon the exercise of the Warrant and as payment of interest on
the Note pursuant to the Subordinated Loan Agreement, exceed in the aggregate 1,068,506 shares of our common stock (appropriately
adjusted for any stock split, reverse stock split, stock dividend or other reclassification or combination of our common stock
occurring after the date of issuance of the Warrant). We are allowed to issue up to 500,000 shares without triggering this provision,
to allow for restricted shares and other new compensatory issuances.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Interest Shares</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We will make all payments of interest on
the Note through June 27, 2014, at the election of the Junior Lender, in the form of either payment in kind (PIK) in additional
notes or in shares of our common stock. After that date, for so long as the Note is outstanding, the Junior Lender shall have the
right to elect from time to time to be paid interest in the form of either cash, payment in kind (PIK) in additional notes or in
shares of our common stock, subject to the limitations set forth in the Subordinated Loan Agreement. If shares of common stock
are used to make interest payments on the Note, the number of Interest Shares will be based upon 100% of an average of the then
current market value of our common stock over a preceding period of twenty (20) days, subject to the limitations set forth in the
Subordinated Loan Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Registration Rights</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The holders of the Warrant and/or the Note
are entitled to certain registration rights with respect to the registration of our shares of common stock issued or issuable upon
exercise of the Warrant or as Interest Shares, respectively, as discussed in this prospectus under the section, &ldquo;Prospectus
Summary-Recent Financing Transactions.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DISCLOSURE OF SEC POSITION ON INDEMNIFICATION
FOR SECURITIES ACT LIABILITIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our restated certificate of incorporation requires that
we indemnify our directors and officer for certain liabilities incurred in the performance of their duties on our behalf. We have
also entered into indemnification agreements with each of our directors and executive officers which require us, among other things,
to indemnify them against certain liabilities which may arise by reason of his status or service as a director or officer (other
than liabilities arising from willful misconduct of a culpable nature). Insofar as indemnification for liabilities arising under
the Securities Act may be permitted to directors, officers and controlling persons as provided in the foregoing provisions, or
otherwise, we have been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public
policy as expressed in the Securities Act and is therefore unenforceable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>LEGAL MATTERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The validity of the issuance of the shares
of common stock offered hereby will be passed upon for us by Moomjian, Waite &amp; Coleman, LLP, Jericho, New York.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXPERTS </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Warren Averett, LLC, an independent registered
public accounting firm, has audited our consolidated financial statements as of and for the years ended January 31, 2013 and January
31, 2012, included in our Annual Report on Form 10-K, as amended, for the year ended January 31, 2013, as set forth in their report,
which is incorporated by reference in this prospectus and elsewhere in the registration statement. Our financial statements are
incorporated by reference in reliance on Warren Averett, LLC&rsquo;s report, given on their authority as experts in accounting
and auditing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WHERE YOU CAN FIND MORE INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We have filed with the SEC a registration
statement on Form&nbsp;S-1 under the Securities Act with respect to our shares of common stock offered hereby. This prospectus
does not contain all of the information included in the registration statement and the exhibits and schedules thereto. You will
find additional information about us and our common stock in the registration statement. We are subject to the informational requirements
of the Exchange Act, and, in accordance therewith, we file reports and other information with the SEC. You may read and copy the
registration statement and the exhibits and schedules thereto, as well as other information that we file with the SEC, at the public
reference facilities maintained by the SEC at 100 F Street, N.E., Washington, DC 20549. You may obtain information on the operation
of the Public Reference Room&nbsp;by calling the SEC at l-800-SEC-0330. The SEC also maintains a website (http://www.sec.gov) that
contains information that registrants, including us, file electronically with the SEC. Statements made in this prospectus about
legal documents may not necessarily be complete and you should read the documents, which are filed as exhibits to the registration
statement or otherwise filed with the SEC. Our website address is <U>www.lakeland.com</U>. The contents of our website are not
incorporated by reference into this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INCORPORATION OF CERTAIN INFORMATION
BY REFERENCE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The SEC allows us to &ldquo;incorporate
by reference&rdquo; the information that we have filed with it, meaning we can disclose important information to you by referring
you to those documents already on file with the SEC. The information incorporated by reference is considered to be part of this
prospectus except for any information that is superseded by other information that is included in this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This filing incorporates by reference the
following documents, which we have previously filed with the SEC:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>our Annual Report on Form 10-K for the fiscal year ended January 31, 2013 filed with the SEC on May 21, 2013, as amended and
restated by Form 10-K/A filed on July 16, 2013;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>our Quarterly Report on Form 10-Q for the quarter ended April 30, 2013 filed with the SEC on June 13, 2013;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol"> &middot; </FONT></TD><TD> our
                                                                                                                     Current Reports
                                                                                                                     on Form 8-K
                                                                                                                     filed with
                                                                                                                     the SEC on
                                                                                                                     February
                                                                                                                     25, 2013,
                                                                                                                     March 11,
                                                                                                                     2013, March
                                                                                                                     15, 2013,
                                                                                                                     April 23,
                                                                                                                     2013, May
                                                                                                                     1, 2013,
                                                                                                                     May 23, 2013
                                                                                                                     (except for
                                                                                                                     Item 2.02,
                                                                                                                     which is
                                                                                                                     deemed furnished,
                                                                                                                     not filed),
                                                                                                                     July 1, 2013,
                                                                                                                     July 3, 2013,
                                                                                                                     July 15,
                                                                                                                     2013 and
                                                                                                                     August 16,
                                                                                                                     2013; </TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the portions of our Definitive Proxy Statement on Schedule 14A filed with the SEC on May 22, 2013 that are deemed &ldquo;filed&rdquo;
with the SEC under the Exchange Act; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the description of our common stock contained in our Registration Statement on Form 8-A, dated March 30, 1987, including any
amendment(s) or report(s) filed for the purpose of updating such description.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We will provide, without charge, to each
person, including any beneficial owner, to whom this prospectus is delivered, on the written or oral request of such person, a
copy of any or all of the reports or documents incorporated by reference in this prospectus but not delivered with this prospectus.
Any request may be made by writing or calling us at the following address or telephone number:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Lakeland Industries, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">701 Koehler Avenue, Suite 7</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Ronkonkoma, NY 11779</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Attn: Mr. Gary Pokrassa, Chief Financial
Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">(631) 981-9700</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">GAPokrassa@lakeland.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">You may also access the documents incorporated
by reference into this prospectus at our website address at <U>http://www.lakeland.com/financial.shtml</U>. The other information
and content contained on or linked from our website are not part of this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PROSPECTUS DATED ________________, 2013</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>LAKELAND
INDUSTRIES, INC.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>1,068,506 Shares of Common Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PROSPECTUS</P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 5pt; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; text-indent: 0.5in">&nbsp;The issuer has not authorized any
dealer, salesperson or other person to give you written information other than this prospectus or to make representations as to
matters not stated in this prospectus. You must not rely on unauthorized information. This prospectus is not an offer to sell
these securities or the issuer's solicitation of your offer to buy the securities in any jurisdiction where that would not be
permitted or legal. Neither the delivery of this prospectus nor any sales made hereunder after the date of this prospectus shall
create an implication that the information contained herein or the affairs of our Company have not changed since the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PART&nbsp;II </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INFORMATION NOT REQUIRED IN PROSPECTUS
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><B>Item 13.</B></TD><TD STYLE="text-align: justify"><B><I>Other Expenses of Issuance and Distribution</I></B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following table sets forth the estimated
expenses incurred or expected to be incurred in connection with this registration statement and the transactions contemplated hereby,
all of which are to be paid by the registrant:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 60%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD NOWRAP STYLE="width: 85%; font-weight: bold; border-bottom: Black 1pt solid">ITEM</TD><TD NOWRAP STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD NOWRAP STYLE="width: 12%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><B>AMOUNT</B></TD><TD NOWRAP STYLE="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="text-align: left">SEC registration fee</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">644.19</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Legal fees and expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000.00</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="text-align: left">Accounting fees and expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,000.00</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Miscellaneous expenses</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">0</TD><TD STYLE="text-align: right; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">25,644.19</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><B>Item 14.</B></TD><TD STYLE="text-align: justify"><B><I>Indemnification of Directors and Officers</I></B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt; text-indent: -35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 102(b)(7) of the Delaware General
Corporation Law, or DGCL, enables a Delaware corporation to provide in its certificate of incorporation for the elimination or
limitation of the personal liability of a director to the corporation or its stockholders for monetary damages for breach of fiduciary
duty as a director. However, no such provision can eliminate or limit a director's liability for any breach of the director's duty
of loyalty to the corporation or its stockholders, for acts or omissions not in good faith or which involve intentional misconduct
or a knowing violation of law, for unlawful payment of dividends or unlawful stock purchase or redemption, or for any transaction
from which the director derives an improper personal benefit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section&nbsp;145 of the DGCL authorizes
a corporation to indemnify any person who was or is a party, or is threatened to be made a party, to any threatened, pending or
completed action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that the
person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation
as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against
expenses, including attorneys' fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by the person
in connection with such action, suit or proceeding, if the person acted in good faith and in a manner the person reasonably believed
to be in, or not opposed to, the best interests of the corporation and, with respect to any criminal action or proceeding, had
no reasonable cause to believe the person's conduct was unlawful. In addition, the DGCL does not permit indemnification in any
threatened, pending or completed action or suit by or in the right of the corporation in respect of any claim, issue or matter
as to which such person shall have been adjudged to be liable to the corporation, unless the court in which such action or suit
was brought shall determine upon application that, despite the adjudication of liability, but in view of all the circumstances
of the case, such person is fairly and reasonably entitled to indemnity for such expenses, which such court shall deem proper.
To the extent that a present or former director or officer of a corporation has been successful on the merits or otherwise in defense
of any action, suit or proceeding referred to above, or in defense of any claim, issue or matter, such person shall be indemnified
against expenses, including attorneys' fees, actually and reasonably incurred by such person. Indemnity is mandatory to the extent
a claim, issue or matter has been successfully defended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">These provisions will not limit the liability
of directors or officers under the federal securities laws of the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our Restated Certificate of Incorporation
provides for the indemnification of directors and officers to the fullest extent permissible under Delaware law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We have entered into an indemnification
agreement with each of our directors and executive officers which requires us, among other things, to indemnify them against certain
liabilities which may arise by reason of his status or service as a director or officer (other than liabilities arising from willful
misconduct of a culpable nature). We also intend to maintain director and officer liability insurance, if available on reasonable
terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><B>Item 15.</B></TD><TD STYLE="text-align: justify"><B><I>Recent Sales of Unregistered Securities</I></B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">During the three years preceding the filing
of this registration statement, the Registrant has not sold its securities without registration under the Securities Act of 1933,
as amended, except as described below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On June 28, 2013, we issued to LKL Investments,
LLC (the &ldquo;Junior Lender&rdquo;) a five year term loan promissory note in the aggregate principal amount of $3.5 million pursuant
to a loan and security agreement. At the election of the Junior Lender, interest under the note may be paid in shares of our common
stock (the &ldquo;Interest Shares&rdquo;), subject to limitations set forth in the loan and security agreement. In addition, as
part of such subordinated debt financing transaction, we issued to the Junior Lender a common stock purchase warrant (the &ldquo;Warrant&rdquo;)
to purchase up to 566,015 shares of our common stock (subject to adjustment).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The above described securities, including
the promissory notes, the Warrant, shares of common stock issued or issuable upon exercise of the Warrant and, to the extent issued
as payment of interest under the note, the Interest Shares, were or will be issued in private transactions made in reliance upon
exemptions from registration pursuant to Section 4(2) under the Securities Act and Rule 506 promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The gross proceeds of $3.5 million from
our subordinated debt financing (together with gross proceeds from a concurrent senior financing) were used towards the repayment
of existing indebtedness, including our former financing facility with TD Bank, N.A. in the amount of approximately US $13.7 million
and a warehouse loan in Canada with a balance of Cdn$1,362,000 Canadian dollars (approximately $1,320,000), payable to Business
Development Bank of Canada.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><B>Item 16.</B></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black; background-color: White"><B><I>Exhibits
</I></B></FONT><B><I>and Financial Statement Schedules</I></B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Reference is made to the Exhibit Index filed
as part of this registration statement. All exhibits have been previously filed unless otherwise noted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><B>Item 17.</B></TD><TD STYLE="text-align: justify"><B><I>Undertakings</I></B></TD>
</TR></TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">(a)</TD><TD STYLE="text-align: justify">The undersigned Registrant hereby undertakes:</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To file, during any period in which offers or sales
are being made, a post-effective amendment to this Registration Statement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">(i)</TD><TD STYLE="text-align: justify">To include any prospectus required by Section&nbsp;10(a)(3)
of the Securities Act of 1933;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To reflect in the prospectus any facts or
events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement. Notwithstanding
the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would
not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be
reflected in the form of prospectus filed with the Commission pursuant to Rule&nbsp;424(b) if, in the aggregate, the changes in
volume and price represent no more than 20&nbsp;percent change in the maximum aggregate offering price set forth in the &quot;Calculation
of Registration Fee&quot; table in the effective registration statement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To include any material information with
respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information
in the Registration Statement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That, for the purpose of determining any liability
under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial <I>bona fide</I>
offering thereof; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-indent: 0.5in">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the termination of the offering;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that, for the purpose of determining liability under
the Securities Act of 1933 to any purchaser, each prospectus filed pursuant to Rule 424(b) as part of a registration statement
relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on
Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness.
<I>Provided, however, </I>that no statement made in a registration statement or prospectus that is part of the registration statement
or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part
of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify
any statement that was made in the registration statement or prospectus that was part of the registration statement or made in
any such document immediately prior to such date of first use; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby undertakes that insofar
as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons
of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the
Commission, such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred
or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant
will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will
be governed by the final adjudication of such issue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 1in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> SIGNATURES </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> Pursuant to the requirements of the
Securities Act of 1933, the registrant has duly caused this Amendment No. 1 to the registration statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of Ronkonkoma, State of New York, on August 22, 2013. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 171pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD> &nbsp; </TD>
    <TD COLSPAN="2"> LAKELAND INDUSTRIES, INC. </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%"> &nbsp; </TD>
    <TD STYLE="width: 5%"> &nbsp; </TD>
    <TD STYLE="width: 50%"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD> &nbsp; </TD>
    <TD> By: </TD>
    <TD STYLE="border-bottom: windowtext 1pt solid"> /s/ <I>Christopher J. Ryan</I> </TD></TR>
<TR STYLE="vertical-align: top">
    <TD> &nbsp; </TD>
    <TD> Name: </TD>
    <TD> Christopher J. Ryan </TD></TR>
<TR STYLE="vertical-align: top">
    <TD> &nbsp; </TD>
    <TD> Title: </TD>
    <TD> Chief Executive Officer and President </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> Pursuant to the requirements of the
Securities Act of 1933, this Amendment No. 1 to this Registration Statement has been signed by the following persons in the capacities
indicated on August 22, 2013. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%; border-bottom: windowtext 1pt solid"> Signature </TD>
    <TD STYLE="width: 2%"> &nbsp; </TD>
    <TD STYLE="width: 53%; border-bottom: windowtext 1pt solid"> Title </TD></TR>
<TR STYLE="vertical-align: top">
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: left"><U STYLE="text-decoration: none"> /s/ <I>Christopher J. Ryan</I> </U></TD>
    <TD STYLE="padding-bottom: 1pt"> &nbsp; </TD>
    <TD STYLE="padding-bottom: 1pt"> Chief Executive Officer and President (Principal </TD></TR>
<TR STYLE="vertical-align: top">
    <TD> Christopher J. Ryan </TD>
    <TD> &nbsp; </TD>
    <TD> Executive Officer) and Director&nbsp;&nbsp; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: left"><U STYLE="text-decoration: none"> /s/ Gary Pokrassa </U></TD>
    <TD> &nbsp; </TD>
    <TD> Chief Financial Officer (Principal Financial </TD></TR>
<TR STYLE="vertical-align: top">
    <TD> Gary Pokrassa </TD>
    <TD> &nbsp; </TD>
    <TD> Officer and Principal Accounting Officer) </TD></TR>
<TR STYLE="vertical-align: top">
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: left; padding-left: 0.5in"> * </TD>
    <TD> &nbsp; </TD>
    <TD> Director, Chairman of the Board&nbsp;&nbsp; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD> Duane W. Albro </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: left; padding-left: 0.5in"> * </TD>
    <TD> &nbsp; </TD>
    <TD> Director </TD></TR>
<TR STYLE="vertical-align: top">
    <TD> Alfred John Kreft </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: left; padding-left: 0.5in"> * </TD>
    <TD> &nbsp; </TD>
    <TD> Director </TD></TR>
<TR STYLE="vertical-align: top">
    <TD> Douglas B. Benedict </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: left; padding-left: 0.5in"> * </TD>
    <TD> &nbsp; </TD>
    <TD> Director </TD></TR>
<TR STYLE="vertical-align: top">
    <TD> James M. Jenkins </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: left; padding-left: 0.5in"> * </TD>
    <TD> &nbsp; </TD>
    <TD> Director </TD></TR>
<TR STYLE="vertical-align: top">
    <TD> Stephen M. Bachelder </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: left; padding-left: 0.5in"> * </TD>
    <TD> &nbsp; </TD>
    <TD> Director </TD></TR>
<TR STYLE="vertical-align: top">
    <TD> Thomas J. McAteer </TD>
    <TD> &nbsp; </TD>
    <TD> &nbsp; </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; padding-right: -20.7pt"> * </TD>
    <TD STYLE="width: 40%; border-bottom: windowtext 1pt solid; padding-right: -20.7pt"> /s/ <I>Christopher J. Ryan</I> </TD>
    <TD STYLE="width: 55%; padding-right: -20.7pt"> &nbsp; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD> &nbsp; </TD>
    <TD> Christopher J. Ryan, </TD>
    <TD> &nbsp; </TD></TR>
<TR STYLE="vertical-align: top">
    <TD> &nbsp; </TD>
    <TD> Attorney-in-fact </TD>
    <TD> &nbsp; </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 1in"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%; border-bottom: windowtext 1pt solid; padding-bottom: 0; text-align: center"><B>Exhibit No</B>.</TD>
    <TD STYLE="width: 2%; text-align: center; padding-bottom: 0"></TD>
    <TD STYLE="width: 86%; border-bottom: windowtext 1pt solid; padding-bottom: 0; text-align: center"><B>Description</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">3.1</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Restated Certificate of Incorporation of Lakeland Industries, Inc. (incorporated by reference to Exhibit 3.2 of Registrant&rsquo;s Quarterly Report on Form 10-Q filed December 7, 2011).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">3.2</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Amended and Restated Bylaws of Lakeland Industries Inc. (incorporated by reference to Exhibit 3.1 of Registrant&rsquo;s Quarterly Report on Form 10-Q filed December 7, 2011).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">4.1</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">2006 Incentive Plan (incorporated by reference to Exhibit 4.1 of Registrant&rsquo;s Registration Statement on Form S-8 filed July 26, 2007).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">4.2</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">2009 Incentive Plan (incorporated by reference to Exhibit 4.1 of Registrant&rsquo;s Registration Statement on Form S-8 filed September 8, 2011).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">4.3</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">2012 Stock Incentive Plan (incorporated by reference to Exhibit 4.1 of Registrant&rsquo;s Registration Statement on Form S-8 filed September 13, 2012).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">4.4</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Investor Rights Agreement, dated June 28, 2013, by and between Lakeland Industries, Inc. and LKL Investment, LLC (incorporated by reference to Exhibit 4.1 of Registrant&rsquo;s Current Report on Form 8-K filed July 1, 2013).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">4.5</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Registration Rights Agreement, dated June 28, 2013, by and between Lakeland Industries, Inc. and LKL Investment, LLC (incorporated by reference to Exhibit 4.2 of Registrant&rsquo;s Current Report on Form 8-K filed July 1, 2013).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">5.1*</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Opinion of Moomjian, Waite &amp; Coleman, LLP.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">10.1</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Employment Agreement, dated April 16, 2010, between Lakeland Industries, Inc. and Christopher J. Ryan (incorporated by reference to Exhibit 10.5 of Registrant&rsquo;s Annual Report on Form 10-K for the fiscal year ended January 31, 2010).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">10.2</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Employment Agreement, dated January 24, 2012, between Lakeland Industries, Inc. and Gary Pokrassa (incorporated by reference to Exhibit 10.1 of Registrant&rsquo;s Current Report on Form 8-K filed January 24, 2012).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">10.3</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Lease Agreement, dated 2006, between Michael Robert Kendall, June Jarvis and Barnett Waddingham Trustees Limited, as lessor, and Lakeland Industries, Inc., as lessee (incorporated by reference to Exhibit 10.22 of Registrant&rsquo;s Annual Report on Form 10-K for the fiscal year ended January 31, 2007).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">10.4</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Lease Agreement, dated October 14, 2010, between South Heidelberg Partners, LP, as lessor, and Lakeland Industries, Inc., as lessee, for Lakeland High Visibility Clothing in Pennsylvania (incorporated by reference to Exhibit 10.14 of Registrant&rsquo;s Annual Report on Form 10-K for the fiscal year ended January 31, 2011).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">10.5</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Lease Agreement, dated December 28, 2010, between Land Services, LLC, as lessor, and Lakeland Industries, Inc., as lessee (incorporated by reference to Exhibit 10.15 of Registrant&rsquo;s Annual Report on Form 10-K for the fiscal year ended January 31, 2011).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">10.6</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Settlement Statement, dated June 30, 2010, between Harvey Pride, Jr. and Lakeland Industries, Inc. for the property location 201 Pride Lane, Decatur, Alabama (incorporated by reference to Exhibit 10.16 of Registrant&rsquo;s Annual Report on Form 10-K for the fiscal year ended January 31, 2011).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">10.7</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Loan Agreement between Lakeland Industries, Inc. and Bank Itau (incorporated by reference to Exhibit 10.2 of Registrant&rsquo;s Current Report on Form 8-K filed April 13, 2012).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">10.8</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Loan Agreement between Lakeland Industries, Inc. and Bank Itau (incorporated by reference to Exhibit 10.3 of Registrant&rsquo;s Current Report on Form 8-K filed April 13, 2012).</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right; width: 12%">10.9</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify; width: 2%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify; width: 86%">Agreement, dated April 25, 2012, between Lakeland Industries, Inc. and Bank Itau (incorporated by reference to Exhibit 10.1 to Registrant&rsquo;s Current Report on Form 8-K filed April 25, 2012).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">10.10</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Summary of Exhibit 10.9 in English (incorporated by reference to Exhibit 10.2 to Registrant&rsquo;s Current Report on Form 8-K filed April 25, 2012). </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">10.11</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Lakeland Industries, Inc. Form of Indemnification Agreement (incorporated by reference to Exhibit 10.1 to Registrant&rsquo;s Current Report on Form 8-K filed June 29, 2012).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">10.12</TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Settlement
        Agreement between Lakeland and Elder Marcos Vieira da Concei&ccedil;&atilde;o and M&aacute;rcia Cristina Vieira daConcei&ccedil;&atilde;o
        Antunes </FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif">(incorporated by reference to Exhibit 10.1 to Registrant&rsquo;s
        Quarterly Report on Form 10-Q filed July 31, 2012).</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">10.13</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Agreement, dated January 11, 2013, between Lakeland Industries, Inc. and Bank Itau (incorporated by reference to Exhibit 10.1 to Registrant&rsquo;s Current Report on Form 8-K filed January 15, 2013).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">10.14</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Summary of Exhibit 10.13 in English (incorporated by reference to Exhibit 10.2 to Registrant&rsquo;s Current Report on Form 8-K filed January 15, 2013).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">10.15</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Amendment for the Purchase of Debts, dated January 29, 2013 (incorporated by reference to Exhibit 10.1 to Registrant&rsquo;s Current Report on Form 8-K filed February 22, 2013).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">10.16</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Fixed Charge on Non-vesting Debts and Floating Charge, dated January 29, 2013 (incorporated by reference to Exhibit 10.2 to Registrant&rsquo;s Current Report on Form 8-K filed February 20, 2013).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">10.17</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Termination Agreement, dated March 14, 2013, among Lakeland Brasil S.A., Lakeland Industries, Inc. and Miguel Bastos (incorporated by reference to Exhibit 10.1 to Registrant&rsquo;s Current Report on Form 8-K filed March 15, 2013).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">10.18</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Loan and Security Agreement, dated June 28, 2013, by and among Lakeland Industries, Inc. and Lakeland Protective Wear Inc., as borrowers, to Alostar Bank of Commerce (incorporated by reference to Exhibit 10.1 of Registrant&rsquo;s Current Report on Form 8-K filed July 1, 2013).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">10.19</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Amended and Restated Revolver Note, dated June 28, 2013, issued by Lakeland Industries, Inc. and Lakeland Protective Wear Inc., as borrowers, to Alostar Bank of Commerce (incorporated by reference to Exhibit 10.2 of Registrant&rsquo;s Current Report on Form 8-K filed July 1, 2013).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">10.20</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Loan and Security Agreement, dated June 28, 2013, by and among Lakeland Industries, Inc. and Lakeland Protective Wear Inc., as borrowers, to LKL Investments, LLC (incorporated by reference to Exhibit 10.3 of Registrant&rsquo;s Current Report on Form 8-K filed July 1, 2013).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">10.21</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Term Note, dated June 28, 2013, issued by Lakeland Industries, Inc. and Lakeland Protective Wear Inc., as borrowers, to LKL Investments, LLC (incorporated by reference to Exhibit 10.4 of Registrant&rsquo;s Current Report on Form 8-K filed July 1, 2013).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">10.22</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Warrant to Purchase Common Stock, dated June 28, 2013, issued by Lakeland Industries, Inc. to LKL Investments, LLC (incorporated by reference to Exhibit 10.5 of Registrant&rsquo;s Current Report on Form 8-K filed July 1, 2013).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right"> 10.23 </TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify"> &nbsp; </TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify"> Loan Agreement between Lakeland Industries, Inc. and its China subsidiary
    Weifang Lakeland Safety Products Inc., Ltd. along with Bank of China (incorporated by reference to Exhibit 10.1 of Registrant&rsquo;s
    Current Report on Form 8-K filed August 16, 2013). </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right"> 10.24 </TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify"> &nbsp; </TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify"> Summary of Exhibit 10.23 in English (incorporated by reference to
    Exhibit 10.2 to Registrant&rsquo;s Current Report on Form 8-K filed August 16, 2013). </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">21.1</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Subsidiaries of Lakeland Industries, Inc. (incorporated by reference to Exhibit 21.1 of Registrant&rsquo;s Annual Report on Form 10-K, as amended, for fiscal year ended January 31, 2013).</TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right; width: 12%">23.1</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify; width: 2%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify; width: 86%">Consent of Moomjian, Waite &amp; Coleman (included in legal opinion filed as Exhibit 5.1).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right">23.2*</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify">Consent of Warren Averett, LLC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0.1in; text-align: right"> 24** </TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify"> &nbsp; </TD>
    <TD STYLE="padding-bottom: 0.1in; text-align: justify"> Power of Attorney. </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">_______</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left">*</TD><TD STYLE="text-align: justify">Filed herewith</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"> ** </TD><TD STYLE="text-align: justify"> Previously filed </TD>
</TR></TABLE>



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<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>v353523_ex5-1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
<HTML>
<HEAD>
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<P STYLE="margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Moomjian, Waite &amp; Coleman, LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">100 Jericho Quadrangle</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Suite 208</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Jericho, New York 11753</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(516) 937-5900</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Fax (516) 937-5050</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: center; text-indent: 0.5in">August 21, 2013</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Lakeland Industries, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">701 Koehler Avenue, Suite 7</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ronkonkoma, NY 11779</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We have acted as counsel to Lakeland Industries,
Inc., a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;), in connection with the preparation and filing with the Securities
and Exchange Commission (the &ldquo;<U>Commission</U>&rdquo;) of the Company&rsquo;s Registration Statement on Form S-1 (the &ldquo;<U>Registration
Statement</U>&rdquo;) under the Securities Act of 1933, as amended (the &ldquo;<U>Securities Act</U>&rdquo;). The Registration
Statement relates to the registration for resale by the selling stockholder named therein (the &ldquo;<U>Selling Stockholder</U>&rdquo;)
of up to 1,068,506 shares (the &ldquo;<U>Shares</U>&rdquo;) of common stock, par value $0.01 per share, of the Company issuable
(i) upon exercise of the warrant, dated June 28, 2013 (the &ldquo;Warrant&rdquo;), (ii) by virtue of price-protection anti-dilution
adjustments under the Warrant, and/or (iii) in payment of interest on the note, dated June 28, 2013 (the &ldquo;Note&rdquo;). The
Warrant and the Note were issued to the Selling Stockholder in a private placement transaction on June 28, 2013. This opinion is
being rendered in connection with the filing of Amendment No. 1 to the Registration Statement with the Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In connection with this opinion, we have
examined originals, telecopies or copies (certified or otherwise identified to our satisfaction) of (i) the restated certificate
of incorporation of the Company filed as Exhibit 3.1 to the Registration Statement, (ii) the amended and restated bylaws of the
Company filed as Exhibit 3.2 to the Registration Statement, (iii) resolutions of the board of directors of the Company, (iv) the
Registration Statement, (v) the Warrant, (vi) the Note, and (vii) such corporate records, agreements, documents and other instruments,
and such certificates or comparable documents of public officials, officers and other representatives of the Company, as we have
deemed relevant and necessary as a basis for our opinion hereinafter set forth.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In our examination, we have assumed the
genuineness of all signatures, the legal capacity of all natural persons, the authenticity of all documents submitted to us as
originals, the conformity to original documents of all documents submitted to us as certified, conformed or photostatic copies,
and the authenticity of the originals of such copies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Based on the foregoing, and subject to the
qualifications, assumptions and limitations stated herein, we are of the opinion that the Shares, when issued and delivered in
accordance with the terms of the Warrant or the Note, as applicable, will be validly issued, fully paid and non-assessable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our opinion expressed above is limited to
the General Corporation Law of the State of Delaware and we express no opinion with respect to the laws of any other jurisdiction.
No opinion is expressed herein with respect to the qualification of the Shares under the securities or blue sky laws of any state
or any foreign jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We hereby consent to the filing of this
opinion with the Commission as Exhibit 5.1 to the Registration Statement. We also consent to the reference to our firm under the
heading &ldquo;Legal Matters&rdquo; in the prospectus which forms a part of the Registration Statement. In giving this consent,
we do not admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the
rules and regulations of the Commission promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The opinion set forth in this letter is
effective as of the date hereof. We do not undertake to advise you of any changes in our opinion expressed herein resulting from
matters that may arise after the date of this letter or that hereinafter may be brought to our attention. We express no opinion
other than as herein expressly set forth, and no opinion may be inferred or implied beyond that expressly stated herein.</P>



<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%">Very truly yours,</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><I><U>/s/ Moomjian, Waite &amp; Coleman, LLP</U></I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Moomjian, Waite &amp; Coleman, LLP</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>


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<TYPE>EX-23.2
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<FILENAME>v353523_ex23-2.htm
<DESCRIPTION>EXHIBIT 23.2
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 23.2 </B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CONSENT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We hereby consent to the use of our audit
report dated May 21, 2013 (except for Notes 1 and 6, as to which the date is July 15, 2013) in this Registration Statement on Form
S-1A, with respect to the consolidated balance sheet of Lakeland Industries, Inc. and Subsidiaries as of January 31, 2013 and the related consolidated statements of operations, comprehensive loss, stockholders' equity and cash flows
for the years ended January 31, 2013 and 2012.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We also consent to the reference to us
under the heading &ldquo;Experts&rdquo; in such Registration Statement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">/s/ Warren Averett, LLC</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Warren Averett, LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Birmingham, Alabama</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">August 22, 2013</P>



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