Lexol
I have used Lexol extensively in the restoration of old cars. It works beautifully on old, dry leather... but it will NOT repair cracks. It will, gradually restore the suppleness to the leather.
I suggest you use Lexol Leather Conditioner, and apply a very thin coating with a small cloth. Let it soak in overnight, then apply another thin coating. You may need to do this for a week or so, but from my experience, especially with a 1972 Rolls Royce that had bone dry seats... it does work very well!