LSB INDUSTRIES INC
CIT LETTER
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<TYPE>EX-10.64
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<FILENAME>lsb1064ex.htm
<DESCRIPTION>CIT LETTER
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<B><FONT SIZE=7><P>CIT<br>
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</B>August 2, 2001</P>

<P>Mr. Jim D. Jones<br>
Vice President and Treasurer<br>
LSB Industries, Inc.<br>
16 South Pennsylvania<br>
Oklahoma City, OK  73101</P>
<P>Via Fax #  (405) 236-0728<br>
Re: Covenant Violation</P>

<P>Dear Mr. Jones:</P>

<P ALIGN="JUSTIFY">&#9;&nbsp;&nbsp;&nbsp; &#9;This letter is to inform you that The CIT Group/Equipment Financing, Inc. ("CIT") hereby agrees to waive any covenant violation under that certain Loan and Security Agreement dated October 31, 1994, including any amendments and guaranties thereto, between DSN Corporation, as Borrower, and CIT, as Lender, for the period from April 1, 2002 and December 31, 2002, subject to the following:</P>

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<LI>Continued receipt of annual and quarterly financial statements.</LI>

<LI>Receipt of $15,000.00 waiver fee.</LI></OL>


<P>&nbsp;</P>
<P>&nbsp;&nbsp;&nbsp; If you have any questions, please call me at (770) 551-7892.</P>

<P>Very Truly,</P>

<P>The CIT Group/Equipment Financing, Inc.</P>

<P>By: ______________________________</P>
<P>        Herb Ballard, Senior Credit Analyst</P></BODY>
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