Levcor International Inc Watch

from 10-K 2 pages Borrowings Under This Line Are Intended to Meet the Normal Short Term Working Capital Needs of Levcor International Inc. and Will Bear Interest at a Fixed Rate Subject to Availability as Determined by the Bank in Its Sole and Absolute Discretion Which Rates May Increase From Time to Time as Mutually Agreed. as This Line Is Not a Commitment, Credit Availability Is, in Addition, Subject to Your Execution and Delivery of Such Documentations as the Bank Deems Appropriate. This Line of Credit Expires on January 1, 2009. Jpmorgan Chase Bank By: /S/ William M. Cimbol William M. Cimbol, V.P

from 10KSB/A 1 page <page> Rider "A" to the Discount Factoring Agreement Dated Nov 14, 1997 Between Congress Talcott Corporation ("Ctc") and Levcor International, Inc. This Will Confirm Our Understanding That in the Event We Withdraw a Credit Approval Before Delivery on Goods for Which You Have Specifically and Irrevocably Purchased Raw Materials, We Will Be Responsible for the Cost of Such Goods in an Amount Not to Exceed Your Cost of Raw Material and Direct Labor. You Agree to Mitigate Our Liability by Using Your Best Efforts to Resell the Goods at the Maximum Price Possible to a New Customer Approved by US. Upon Such Resale We Will Credit Your Account for the Difference Between the Final Selling Price of the Goods and Your Direct Cost, if Any. in the Event the Goods Have Not Been Resold Within One Hundred Twenty (120) Days After the Original Scheduled Delivery Date We Will Credit You for Your Direct Cost at That Time. We Will Have the Right at Any Time to Demand Delivery of the Goods to a Consignee of Our Choice and Retain Our Own Agent to Sell the Goods on Our Behalf. Congress Talcott Corporation /S/ Christopher Goll By: Christopher Goll, Vice President Read and Agreed: Levcor International, Inc. By: /S/ Robert A. Levinson Robert A. Levinson, President