October 15, 2003



Lexington Precision Corporation

767 Third Avenue

New York, New York  10017



                  Re:      Amendment to Financing Agreements



Gentlemen:



         Reference is made to certain financing agreements dated January 11,

1990 between Lexington Precision Corporation ("LPC") and Congress Financial

Corporation ("Congress"), including, but not limited to, an Accounts Financing

Agreement [Security Agreement], as amended (the "Accounts Agreement"), and all

supplements thereto and all other related financing and security agreements

(collectively, all of the foregoing, as the same have heretofore or

contemporaneously been or may be hereafter, amended, replaced, extended,

modified or supplemented, the "Financing Agreements").



         In connection with the financing arrangements pursuant to the Accounts

Agreement and the other Financing Agreements, the parties hereto hereby agree to

amend the Financing Agreements, as set forth below:



         1.       Definitions. Capitalized terms used herein, unless otherwise

defined herein, shall have the meanings ascribed thereto in the Accounts

Agreement and the other Financing Agreements.



         2.       Term. The first sentence of Section 9.1 of the Accounts

Agreement, as heretofore amended, is hereby deleted in its entirety and replaced

with the following:



                  "This Agreement shall become effective upon acceptance by you

         and shall continue in full force and effect for a term ending November

         7, 2003 (the "Renewal Date"), unless sooner terminated pursuant to the

         terms hereof."



         3.       Amendment Fee. In consideration of the amendments set forth

herein, LPC shall on the date hereof, pay to Congress or Congress, at its

option, may charge the account of LPC maintained by Congress, an amendment fee

in the amount of $20,000 (less the amount of any amendment fee paid by LRG to

Congress pursuant to the letter agreement re: Amendment to Financing Agreements,

dated of even date herewith, by and between Congress and LRG), which fee is

fully earned as of the date hereof and shall constitute part of the Obligations.



{PAGE}



         4.       Representations, Warranties and Covenants. In addition to the

continuing representations, warranties and covenants heretofore or hereafter

made by LPC to Congress pursuant to the Financing Agreements, LPC hereby

represents, warrants and covenants with and to Congress as follows (which

representations, warranties and covenants are continuing and shall survive the

execution and delivery hereof and shall be incorporated into and made a part of

the Financing Agreements):



                  (a)      No Event of Default exists or has occurred and is

continuing on the date of this Amendment.



                  (b)      This Amendment has been duly executed and delivered

by LPC and is in full force and effect as of the date hereof, and the agreements

and obligations of LPC contained herein constitute the legal, valid and binding

obligations of LPC enforceable against LPC in accordance with their terms.

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