LEVCOR INTERNATIONAL INC
EXHIBIT 10.45
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<DESCRIPTION>EXHIBIT 10.45
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<P ALIGN=RIGHT><FONT SIZE=2><B><U>Exhibit
10.45</U></B></FONT></P>

<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>November 27, 2007 </FONT></P>


<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>To: ROBERT A LEVINSON,
CHAIRMAN </FONT></P>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>We are pleased to advise you that
JPMorgan Chase Bank, N.A. (the &#147;Bank&#148;) has extended a secured line of credit in
the aggregate amount of $3,200,000 from the date hereof through January 1, 2009.
Accordingly, our officers may, at their discretion, make short term loans to Levcor
International Inc. on such terms as are mutually agreed upon between us from time to time. </FONT></P>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Borrowings under this line are
intended to meet the normal short term working capital needs of Levcor International Inc.
and will bear interest at a fixed rate subject to availability as determined by the Bank
in its sole and absolute discretion which rates may increase from time to time as mutually
agreed. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
As this line is not a commitment, credit availability is, in addition, subject to your execution and
delivery of such documentations as the Bank deems appropriate.  This line of credit expires on January 1, 2009.
 </FONT></P>

<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>JPMORGAN CHASE BANK </FONT></P>



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     <TD WIDTH=3% ALIGN=LEFT><FONT FACE="Times New Roman" size=2>By:</FONT></TD>
     <TD WIDTH=97% ALIGN=LEFT><FONT FACE="Times New Roman"size=2>/s/ William M. Cimbol</FONT></TD>
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     <TD WIDTH=3% ALIGN=LEFT><FONT FACE="Times New Roman">&nbsp;</FONT></TD>
     <TD WIDTH=97% ALIGN=LEFT><HR WIDTH="40%" SIZE="1" ALIGN="Left" COLOR="Black">  </TD>
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     <TD WIDTH=3% ALIGN=LEFT><FONT FACE="Times New Roman">&nbsp;</FONT></TD>
     <TD WIDTH=97% ALIGN=LEFT><FONT FACE="Times New Roman" size=2>William M. Cimbol, V.P.</FONT></TD>
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