Document:

Exhibit 10.42

                                   Kolar INC.
                      407 CLIFF STREET ITHACA, N.Y. 14850
                    PHONE (607) 273-5182  FAX (607) 273-2033

                                                                 January 4, 2002

JPMorgan Chase Bank
Administrative Agent

         Re:      Ninth Amendment to Credit Agreement among CPI AEROSTRUCTURES,
                  INC., a New York corporation ("Holdings"), KOLAR, INC., a
                  Delaware corporation (the "Borrower") and JPMorgan Chase Bank
                  as Administrative Agent and the Lenders party thereto.
                  -------------------------------------------------------------

Dear Sirs:

                  This letter is supplemental to the Ninth Amendment to Credit
Agreement dated October 9, 1997 ("Ninth Amendment") among Holdings, Borrower,
JPMorgan Chase Bank as Administrative Agent and the Lenders party thereto, but
is for the benefit of Administrative Agent only. All capitalized terms used
herein shall, unless otherwise indicated, have the meanings assigned to them in
said Ninth Amendment.

                  In addition to the obligations of Holdings and Borrower
contained in said Ninth Amendment, Holdings and Borrower agree that, on or
before January 31, 2002, they will furnish to Administrative Agent, for its sole
benefit, stock certificates representing an additional 20,000 shares of common
stock in Holdings in the name of JPMorgan Chase Bank, Chase Equity Associates
L.P. or its or their designee. Such shares shall be duly issued, fully paid and
non-assessable subject to appropriate registration rights, and free and clear of
all liens, encumbrances and restrictions on transferability.

<Page>

JPMorgan Chase Bank
January 2, 2002
Page 2

                  Holdings and Borrower each acknowledge their understanding
that full compliance with the terms of this letter shall constitute one of the
conditions precedent to the Ninth Amendment becoming effective.

                                    Very truly yours,

                                    CPI AEROSTRUCTURES, INC.

                                    By:   /s/ Edward J. Fred
                                    --------------------------------------------
                                    Name: Edward J. Fred
                                    Title: President and Chief Financial Officer

                                    KOLAR, INC.

                                    By:   /s/ Edward J. Fred
                                    --------------------------------------------
                                    Name: Edward J. Fred
                                    Title: Executive Vice President & CFOSUBSCRIPTION AGREEMENT

                                       AND

                       PROSPECTIVE PURCHASER QUESTIONNAIRE

                           GLOBAL HOME MARKETING, INC.

<PAGE>

                             SUBSCRIPTION AGREEMENT

TO: GLOBAL HOME MARKETING, INC., "The Company", Seller

All investors are subject to the provisions of the subscription agreement and
completion of the prospectus purchaser questionnaire which includes the amount
of shares purchased, the price of the shares, the provisions of receiving the
share certificate(s), and representations and warranties that the purchaser is a
qualified investor who must have a minimum net worth of $250,000 and annual
individual income of $100,000 for each of the two predecessor years or a
combined household income with spouse of $150,000 per year for the two
predecessor years, or other substantial "sophisticated" investor indicators. The
purchaser must complete a prospectus purchaser questionnaire and must comply
with the minimum income and net worth provisions to be a "qualified" investor.

1. The undersigned hereby subscribes for the purchase of  ________________common
shares of  stock,  @$1.00  per  share,  of  Global  Home  Marketing,  Inc.  (the
"Company") in accordance with the terms and conditions of this Agreement.

2. This subscription is one of a limited number of such subscriptions for common
shares of stock of the Company. The execution of this Agreement of the
undersigned shall constitute an offer by the undersigned to subscribe for common
shares of stock in the amount specified below. The Seller, Global Home
Marketing, Inc., shall have the right (in its sole discretion) to reject such
offer for any reason whatsoever, or, by executing a copy of this Agreement, to
accept such offer. If such offer is accepted, Global Home Marketing, Inc. will
return an executed copy of this Agreement to the undersigned, along with a valid
share certificate from the Company's transfer agent, National Stock Transfer,
Inc., 1512 South 1100 East, Salt Lake City, Utah 84105. If this subscription is
rejected or if the offering is not consummated for any reason, the undersigned's
subscription payment will be returned, uncashed, as soon as practicable
following termination of the offering or the date of rejection, as applicable.
It is understood that this subscription is not binding on Global Home Marketing,
Inc. unless and until it is accepted by Global Home Marketing, Inc., as
evidenced by its execution of this Subscription Agreement where indicated below.

3.  The undersigned hereby makes the following representations and warranties:

     a. The undersigned  has been furnished  with the  Memorandum  and
documents attached thereto.

     b. All information  provided to the Global Home Marketing,  Inc., including
that in the  Prospective  Purchaser  Questionnaire,  is  true  and  correct  and
complete in all respects as of the date hereof.

     c. The undersigned is at least  twenty-one (21) years of age and sufficient
legal capacity to execute this Agreement.

     d. The undersigned has sufficient knowledge and expertise in business,  and
financial matters to evaluate the merits and risk of an investment.

     e. The  undersigned  is a qualified investor as that term is defined above.

     f. The undersigned has had an opportunity to ask questions of and receive
answers from the Company, or any person or persons acting on its behalf,
concerning the terms and conditions of this investment and, if asked, and all
such questions have been answered to the full satisfaction of the undersigned.

     g. The undersigned has adequate means of providing for his current needs
and possible personal contingencies and has no need for liquidity in this
investment, and his overall commitment to investments which are not readily
marketable is not disproportionate to his net worth, and his investment in the
shares will not cause such overall commitment to become excessive.

     h. The undersigned understands that the common shares of stock have been
registered under the Securities Act of 1933, as amended (the "Act") pursuant to
the completion of an SB-2 Registration Statement but not with any state.

     i. The undersigned is acquiring the common shares of stock for his own
account for investment purposes only and is not purchasing the subject shares
for an undisclosed third party.

     j. If the  undersigned  is a  corporation,  partnership,  trust,  or  other
entity, it represents:

          (i) It is duly organized, validly existing, and in good standing under
     the laws of the United States of America, or elsewhere, and has all of the
     requisite power and authority to invest in the shares as provided herein.

          (ii) Such investment does not result in any violation of, or conflict
     with, any term of the charter or bylaws of the undersigned or any
     instrument to which it is bound or any law or regulation applicable to it.

          (iii) Such investment has been duly authorized by all the necessary
     action on behalf of the undersigned.

          (iv) This Agreement has been duly executed and delivered on behalf of
     the undersigned and constitutes a legal, valid and binding agreement of the
     undersigned.

     The foregoing representations and warranties shall be true and accurate as
of the date hereof and as of the date of delivery of the purchase price to
Global Home Marketing, Inc., and shall survive such delivery period.

4.     Miscellaneous

     a. This Agreement, any amendments or replacements hereof, and the legality,
validity, and performance of the terms hereof, shall be governed by, and
enforced, determined and construed in accordance with, the laws of the State of
Nevada applicable to contracts, transactions and obligations entered into and to
be performed in such State.

     b. This Agreement  contains the entire agreement  between the parties.  The
provisions of this Agreement may not be modified or waived except in writing.

     c. This Agreement and the rights, powers and duties set forth herein shall,
except as set forth herein, bind and inure to the benefit of the heirs,
executors, administrators, legal representatives, successors and assignes of the
parties hereto. The undersigned may not assign any of his rights or interests in
and under this Agreement wihout the prior written consent of the Global Home
Marketing, Inc., and any attempted assignment without such consent shall be void
and without effect.

     d. It is understood that this Subscription is offered on a subject top
prior sale basis and is not binding on Global Home Marketing, Inc. until the
Company accepts it, which acceptance is at the sole discretion of Company, by
executing this Subscription Agreement where indicated.

                                       -2-

<PAGE>

5.  Subscription.   The  undersigned  hereby  subscribes  for  the  purchase  of
______________common shares of stock of Global Home Marketing, Inc. and encloses
payment in the amount of $ ____________($1.00 per share) payable to "Global Home
Marketing, Inc., Special Account"

                       TYPE OF OWNERSHIP

                    _________ Individual

                    _________ Joint Tenants with Right of Survivorship

                    _________ Tenants in Common

                    _________ Community Property

                    _________ Other

Executed this _______ day of _________, 2001, at _______________________________

--------------------------------------------------------------------------------

----------------------------------------------
Print Name

----------------------------------------------
Signature of Investor

----------------------------------------------
Social Security or other identification number

If the Investor has indicated that the shares will be held as joint tenants,
tenants in common or as community property, please complete the following:

----------------------------------------------
Print Name of Spouse or Other Investor

----------------------------------------------
Signature of Spouse or Other Investor

----------------------------------------------
Social Security or other identification number

                                       -3-

<PAGE>

If the Investor is a partnership, corporation or trust, complete the following:

----------------------------------------------
Name of Partnership, Corporation or Trust
                                                 (affix seal, if any)

By:
   -------------------------------------------

----------------------------------------------
Print Name of Individual Signing

----------------------------------------------
Capacity of Individual Signing

Accepted

Global Home Marketing, Inc.

By:
   -------------------------------------------

Title:
      ----------------------------------------

----------------------------------------------
Date of Acceptance

                                       -4-

<PAGE>

                       PROSPECTIVE PURCHASER QUESTIONNAIRE

TO: GLOBAL HOME MARKETING, INC.

To Whom It May Concern:

The information contained herein is being furnished to you in order for you to
determine whether the undersigned may purchase common shares of stock of Global
Home Marketing, Inc., pursuant to an SB-2 Registration Statement, from the
Company. The undersigned herein states that he (she) is a qualified investor and
has knowledge and experience in financial and business matters and is capable of
evaluating the merits and risks of the proposed investment.

The undersigned further represents that (i) the information contained herein is
complete and accurate and may be relied upon by you and (ii) the undersigned
will notify you immediately of any material change in any of such information
occurring prior to the purchase of the subject common shares of stock.

The undersigned understands and agrees that this questionnaire will be kept
strictly confidential.

In accordance with the foregoing, the following representations and information
are hereby made and furnished by:

----------------------------------------------
Print Name of Prospective Purchaser

----------------------------------------------
Signature of Prospective Purchaser

                                        1

<PAGE>

  INSTRUCTIONS:      Please answer all questions. If the answer to any questions
                     is "None" or "Not Applicable," please so state.

 1 Full Name _______________________________________

    Social Security Number _________________________

    Age ________

    Occupation _____________________________________

    Citizenship___________________  Number of Dependents ___________

 Residential Address:

 ------------------------------------------------------

 ------------------------------------------------------

       Please indicate your preferred mailing address:

       (  ) Residential (  ) Business

2.   Was your income (from all sources) for each of the two latest complete
     calendar years more than (check one):

   ______$ 30,000     _____$ 50.000     _____$100,000       _____$150,000
   ______$200.000     _____$250.000     _____$300,000       _____$350.000

     (a)  What percentage of your income as shown above was derived from sources
          other than salary?

          -------------------%

     (b)  Approximately what percentage of your income as shown above remained
          after payment of Federal, state and local taxes, and after payment of
          all ordinary and necessary living expenses?

          -------------------%

    (c) Does the above income represent your joint income with your spouse?

          Yes _______    No _______

3.   Is your  income from all  sources  anticipated  for the current tax year in
     excess of (check one):

   ______$ 30,000     _____$ 50.000     _____$100,000       _____$150,000
   ______$200.000     _____$250.000     _____$300,000       _____$350.000

     (a) Does the above income represent your joint income with your spouse?

          Yes _______    No _______

                                        2

<PAGE>

4. Is your net worth as of the date hereof in excess of (check one):

   ______$ 30,000     _____$ 50.000     _____$100,000       _____$150,000
   ______$200.000     _____$250.000     _____$300,000       _____$350.000

     (a)  What percentage of your net worth as shown above is invested in
          restricted securities or investments in marketable securities (stock.
          bonds, debentures, or notes)?

        Restrictive securities   ______________%

        Marketable securities    ______________%

                                 ==============%

     (b)  Do these net worth  representations  include your spouse's  assets and
          liabilities?

          Yes _______    No _______

     (c)  What percentage of your net worth as shown above constitutes home,
          furnishings, and automobiles? _____________%

     (d)  What percentage of your net worth as shown above constitutes liquid
          assets (cash or assets readily convertible to cash)? _____________%

5.   For investors other than natural persons:

     (a)  Type of entity.  Corporation _______ Trust _______ Partnership _______
          Other (specify) ___________________

     (b)  Date or organization: ____________________

     (c)  Number of equity owners (stockholders, partners, beneficiaries, etc.):

     (d)  Was the entity formed for the primary purpose of investing in direct
          participation programs or other passive investments?

          Yes _______    No _______

6.   Please supply the following information with respect to the bank (or banks)
     at which you maintain a regular checking account:

    Name of Bank:_____________________________

    Address:__________________________________

    Telephone:________________________________

    Contact:__________________________________

7.   (a) Are you aware that the securities proposed may require your capital
         investment be maintained for an indefinite period of time?

       Yes _______    No _______

                                        3

<PAGE>

     (b)  Do you have any investments or contingent liabilities which you can
          reasonably anticipate could cause the need for sudden cash
          requirements in excess of cash readily available to you'.'

          Yes _______    No _______

          If "Yes," please explain.

          ----------------------------------------------------------------------

          ----------------------------------------------------------------------

          ----------------------------------------------------------------------

8.   Please list your business or professional  educational  background (schools
     attended and degrees obtained):

     Schools                        Degree              Dates Attended

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

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9.   Please list any professional licenses or registrations including bar
     admissions, accounting certifications, real estate brokerage licenses, and
     SEC or state broker-dealer registrations, held by you:

--------------------------------------------------------------------------------

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10.  Please list your principal employment and business activities during the
     last five years, as well as any relevant financial experience.

     Employer                     Position/Title             Employment Dates

--------------------------------------------------------------------------------

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11.    Please describe your experience as an investor, including amounts
       invested, in securities, particularly investments in development stage
       company's securities.

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                                        4

<PAGE>

12.  Have you participated in other development stage company's  securities?

     Yes _______    No _______

I understand that the Company will be relying on the accuracy and completeness
of my responses to the foregoing questions and I represent and warrant to the
Company as follows:

     i.   The answers to the above questions are complete and cornea and may be
          relied upon by the Company in determining whether the offering in
          which I propose to participate is exempt from registration under the
          Securities Act of 1933, as amended;

     ii.  I will notify the Company immediately of any material change in any
          statement made herein occurring prior to the closing of any purchase.

     iii. I, am a "qualified investor" as that term is defined above, have
          sufficient knowledge and experience in financial and business matters
          to evaluate the merits and risks of the prospective investments; I am
          able to bear the economic risk of the investment and currently could
          afford a complete loss of such investment

    IN WITNESS WHEREOF, I have executed this Prospective Purchaser Questionnaire
    this _____ day of____________

-------------------------------            ----------------------------------
Prospective Purchaser                      Prospective Purchaser
Signature                                  Signature

-------------------------------            ----------------------------------
Print Name                                 Print Name

Sworn to me this _____ day of _____________, 199

-------------------------------
Notary Public

-------------------------------
My commission expires:                            (Notarial Seal)

                                        5

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