Exhibit 10.5

Sequa Corporation

200 Park Avenue

New York,  NY  10166

212-956-5500

May 10, 2006

Mr. John J. Dowling III

8557 Colonial Lane

Ladue,   MO   63124

Re:

Employment Agreement Extension

Dear John:

Reference is hereby made to that certain Employment Agreement dated as of May
31, 2005 by and between Sequa Corporation and you (the “Employment Agreement”).
 Terms used herein and not otherwise defined shall have the meanings ascribed to
them in the Employment Agreement.

This letter shall confirm that the Employment Term as set forth in Section 3 of
the Employment Agreement shall be extended for an additional two (2) years from
and after May 31, 2006 through May 31, 2008.

All other terms and conditions of the Employment Agreement shall remain in full
force and effect and are hereby ratified by Executive and Company.  

If the foregoing confirms your agreement and understanding, please so indicate
by signing in the space provided below and returning one (1) original of this
letter to me.

Very truly yours,

Sequa Corporation

/s/ Martin Weinstein

Martin Weinstein

Vice Chairman and Chief Executive Officer

Acknowledged and Agreed

this    12th        day of    May   , 2006

/s/ John J. Dowling III

John J. Dowling III