Exhibit 10.29




CLOSING ITEM NO.:  A-2



                                  BILL OF SALE

                                       TO

                               COUNTY OF SARATOGA
                          INDUSTRIAL DEVELOPMENT AGENCY


Spurlock Adhesives,  Inc., a Virginia  corporation having an address of 209 West
Main Street, Waverly,  Virginia 23890 (the "Grantor"),  for the consideration of
One Dollar ($1.00), cash in hand paid, and other good and valuable consideration
received  by the  Grantor  from the County of  Saratoga  Industrial  Development
Agency,  a public benefit  corporation  organized and existing under the laws of
the State of New York having its office at Saratoga County Municipal  Center, 40
McMaster Street,  Ballston Spa, New York 12020 (the  "Grantee"),  the receipt of
which is  hereby  acknowledged  by the  Grantor,  hereby  sells,  transfers  and
delivers unto the Grantee,  and its successors and assigns, all those materials,
machinery, equipment, fixtures or furnishings which are described in Exhibit "A"
attached hereto now owned or hereafter acquired by the Grantor.

         TO HAVE AND TO HOLD the same unto the Grantee,  and its  successors and
assigns, forever.

         IN WITNESS  WHEREOF,  the Grantor has executed  this  instrument  as of
October 1, 1997.



                                        SPURLOCK ADHESIVES, INC.


                                        By: /s/ Phillip S. Sumpter
                                            ------------------------------------
                                        Name: Phillip S. Sumpter
                                              ----------------------------------
                                        Title: Executive Vice President
                                               ---------------------------------







                                          L:\WPDATA\69079\93247\BILLSAL2.DOC(25)





                                   EXHIBIT "A"

                            DESCRIPTION OF EQUIPMENT



         All  articles  of personal  property  and all  appurtenances,  wherever
located, now or hereafter acquired with the proceeds of the Grantor's $6,000,000
Multi-Mode   Variable  Rate  Industrial   Development  Revenue  Bonds  (Spurlock
Adhesives,  Inc.  Project)  Series  1997 A or any  payment  made by the  Grantor
pursuant to Section 4.5 of the installment sale agreement dated as of October 1,
1997 by and between the Grantee,  as seller,  and the Grantor,  as purchaser and
now or  hereafter  attached  to,  contained  in or used in  connection  with the
Project (as defined in said  installment  sale  agreement) or placed on any part
thereof, though not attached thereto.


                                      A-1