LEXINGTON PRECISION CORP
EX-10.6
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<TYPE>EX-10.6
<SEQUENCE>3
<FILENAME>l99132aexv10w6.txt
<DESCRIPTION>EX-10.6
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                                                                    Exhibit 10-6

                  DESCRIPTION OF 2002 COMPENSATION ARRANGEMENTS
                          WITH LUBIN, DELANO & COMPANY

         During 2002, Lexington Precision Corporation (the "Company")
compensated Michael A. Lubin, its Chairman of the Board, and Warren Delano, its
President, indirectly through payments to Lubin, Delano & Company, an investment
banking firm of which they are the only partners. These compensation
arrangements provided for payment to Lubin, Delano & Company of a basic fee of
$500,000, and provided for a possible incentive fee based upon attaining an
operating profit target for the Company and possible transaction fees as might
be agreed upon by the Company and Lubin, Delano & Company in connection with
acquisitions, divestitures, financings and other similar transactions.


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