Document:

EXHIBIT 10.1
                                                                    ------------

              The CIT Group/Commercial Services, Inc.            T: 212 382-7000
              1211 Avenue of the Americas
              New York, NY 10036

[GRAPHIC OMITTED]
     CiT

                                                     July 26, 2006

Blumenthal/Lansing Company, LLC
1 Palmer Terrace
Carlstadt, New Jersey 07072

Ladies and Gentlemen:

We refer to the Accounts Receivable Financing Agreement dated January 24, 2002
between Blumenthal/Lansing Company, LLC and us, as supplemented and amended
(herein the "Financing Agreement"). Capitalized terms used and not otherwise
defined herein shall have the same meanings given them in the Financing
Agreement.

Effective as of the date hereof the Financing Agreement shall be, and hereby is,
amended as follows:

1.       The advance percentage against the value of the Eligible Inventory in
the first sentence of Sub-Paragraph (b) of Paragraph 3.1 of the Financing
Agreement shall be, and hereby is, increased from twenty percent (20%) to forty
percent (40%).

2.       The following sentence shall be inserted after the first sentence of
Sub-Paragraph (b) of Paragraph 3.1 of the Financing Agreement:

         "We, in our sole discretion, may request and obtain, at any time and
from time to time, an appraisal of your Inventory conducted by an appraiser
selected by us and paid for by you, provided that in the absence of a Default
hereunder you shall not be obligated to pay for more than one (i) such appraisal
during any twelve (12) month period."

2.       The second sentence in Paragraph 3.4 of the Financing Agreement shall
be, and hereby is, deleted in its entirety and the following shall be inserted
in lieu thereof:

         "The rate of interest shall be the Chase Rate on the first
         $2,500,000.00 of average net balances owing by you to us in
         your account at the close of each day during such month and
         one half of one percent (.50%) per annum in excess of the
         Chase Rate on such average net balances in excess of
         $2,500,000.00 owing by you to us in your account at the close
         of each day during such month, but in no event in either case
         less than five percent (5%) per annum.
<PAGE>

To compensate us for the use of our in-house legal department and facilities in
documenting this agreement, you agree to pay us a Documentation Fee equal to
$135.00. Said amount shall be due and payable upon the date hereof and may at
our option be charged to your account under the Agreement on the due date
thereof.

Except to the extent set forth herein, no other change or amendment in any of
the terms, provisions or conditions of the Factoring Agreement is intended or
implied. If the foregoing is in accordance with your understanding of our
agreement, kindly so indicate by signing and returning the enclosed copy of this
letter.

                                       Very truly yours,

                                       THE CIT GROUP/COMMERCIAL SERVICES, INC.

                                       By: /s/ ANTHONY MONTEMARANO
                                           -------------------------------------
                                           Name:  Anthony Montemarano
                                           Title: Vice President

Read and Agreed to:

BLUMENTHAL/LANSING COMPANY LLC

By: /s/ ROBERT A. LEVINSON
    ------------------------------
Name:  Robert A. Levinson
Title: ChairmanEXHIBIT 10.2
                                                                    ------------

              The CIT Group/Commercial Services, Inc.            T: 212 382-7000
              1211 Avenue of the Americas
              New York, NY 10036

[GRAPHIC OMITTED]
     CiT

                                                       July 26, 2006

LEVCOR INTERNATIONAL, INC.
462 Seventh Avenue
New York, NY 10018

Gentlemen:

We refer to the Factoring Agreement between us dated September 17, 1998 as
amended (the "Factoring Agreement"). Capitalized terms used herein and defined
in the Factoring Agreement shall have the same meanings as specified therein
unless otherwise specifically defined herein.

This is to confirm that pursuant to mutual consent and understanding, effective
as of the date hereof the fifth sentence of Paragraph 15.1 of Section 15 of the
Factoring Agreement which provides for the Minimum Factoring Fees shall be, and
hereby is, deleted in its entirety.

To compensate us for the use of our in-house legal department and facilities in
documenting this agreement, you agree to pay us a Documentation Fee equal to
$135.00. Said amount shall be due and payable upon the date hereof and may at
our option be charged to your account under the Agreement on the due date
thereof.

Except to the extent set forth herein, no other change or amendment in any of
the terms, provisions or conditions of the Factoring Agreement is intended or
implied. If the foregoing is in accordance with your understanding of our
agreement, kindly so indicate by signing and returning the enclosed copy of this
letter.

                                       Very truly yours,

                                       THE CIT GROUP/COMMERCIAL SERVICES, INC.

                                       By: /s/ ANTHONY MONTEMARANO
                                           -------------------------------------
                                           Name:  Anthony Montemarano
                                           Title: Vice President

Read and Agreed to:

LEVCOR INTERNATIONAL, INC.

By: /s/ ROBERT A. LEVINSON
    ------------------------------
Name:  Robert A. Levinson
Title: ChairmanEXHIBIT 10.3
                                                                    ------------

              The CIT Group/Commercial Services, Inc.            T: 212 382-7000
              1211 Avenue of the Americas
              New York, NY 10036

[GRAPHIC OMITTED]
     CiT

                                             July 26, 2006

Mr. Robert A. Levinson
1035 Fifth Avenue
New York, New York 10028

                                        Re:  BLUMENTHAL/LANSING COMPANY LLC
                                             WESTWATER INDUTRIES, LLC
                                             LEVCOR INTERNATIONAL, INC.
                                             (collectively the "Clients")

Dear Mr. Levinson:

We refer to the Factoring and Financing Agreements with the above referenced
Clients, as supplemented and amended (herein the "Agreements"). The Clients'
Obligations under the Agreements were guaranteed by you pursuant to an Amended
and Restated Limited Guaranty dated May 13, 2003. Effective as of even date
herewith Robert A. Levinson is released from his Guaranty and the Guaranty is
terminated in accordance with its terms.

Except as herein specifically provided, the Agreement with the Client remains in
full force and effect in accordance with its terms.

                                       Very truly yours,

                                       THE CIT GROUP/COMMERCIAL SERVICES, INC.

                                       By: /s/ ANTHONY MONTEMARANO
                                           -------------------------------------
                                           Name:  Anthony Montemarano
                                           Title: Vice PresidentEXHIBIT 10.4
                                                                    ------------

                                ENDORSEMENT NO. 6
                               TO PROMISSORY NOTE
                               ------------------

         ENDORSEMENT NO. 6, dated as of July 26, 2006 to the Promissory Note,
dated May 3, 2002 (the "Note") by LEVCOR INTERNATIONAL, INC., a New York
corporation (the "Borrower") in favor of JPMORGAN CHASE BANK, N.A. a New York
banking corporation (the "Bank").

         WHEREAS, the Borrower has executed and delivered to the Bank the Note;
and

         WHEREAS, the Borrower and the Bank desire to amend the Note on the
terms and conditions set forth herein to change the maturity date of the Note to
January 1, 2008

         NOW, THEREFORE, in consideration of the premises contained herein and
for other good and valuable consideration, the receipt of which is hereby
acknowledged, the parties hereto agree as follows:

         1.       The date "April 30, 2007" which appears in first line thereof
                  is hereby deleted and the date "January 1, 2008" is
                  substituted in its place.

         2.       Except as otherwise expressly provided herein, the terms and
                  conditions of the Note shall continue in full force and
                  effect.

         3.       This Endorsement No. 6 shall be governed by and construed in
                  accordance with New York law.

         IN WITNESS WHEREOF, the parties hereto have caused this Endorsement No.
6 to be duly executed and delivered by their proper and duly authorized officers
as of the day and year first above written.

                                       LEVCOR INTERNATIONAL, INC.

                                       By: _____________________________________
                                       Title:

                                       JPMORGAN CHASE BANK

                                       By: /s/ SALVATORE G. CANTARELLA
                                           -------------------------------------
                                           Salvatore G. Cantarella V.P.EXHIBIT 10.5
                                                                    ------------

                           ACKNOWLEDGMENT AND CONSENT
                           --------------------------

         The undersigned hereby consents to the execution and delivery by LEVCOR
INTERNATIONAL, INC. ("Levcor") of Endorsement No. 6, dated July 26, 2006 (the
"Endorsement") to the Promissory Note, dated May 3, 2002 made by Levcor to
JPMORGAN CHASE BANK (the "Bank") in the principal amount of $3,000,000 (the
"Note") and acknowledges and agrees that the execution and delivery by Levcor of
the Endorsement to the Note shall have no effect upon (a) the undersigned's
Guaranty, dated April 30, 2002 (the "Guaranty") of Levcor's obligations to the
Bank pursuant to the Note, (b) the undersigned's Pledge Agreement, dated January
24, 2003 (the "Pledge Agreement") granting to the Bank a security interest in a
certain collateral securities account maintained at LEHMAN BROTHERS INC. ("LBI")
and (c) the Pledged Collateral Account Control Agreement, dated as of April 29,
2002 (the "Control Agreement"), executed by the undersigned, LBI and the Bank,
each of which shall remain in full force and effect. Undersigned further
confirms that no Default or Event of Default has occurred or is continuing
pursuant to the terms of the Note, the Guaranty or the Control Agreement.

                                       /s/ ROBERT A. LEVINSON
                                       -----------------------------------------
                                       Robert A. Levinson

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