THIS DEED,  made ________ day of November,  1998, by and between HAROLD
N. SPURLOCK and DAPHNE R.  SPURLOCK,  husband and wife, to be indexed as grantor
(the "Grantor"),  and SPURLOCK ADHESIVES,  INC., a Virginia  corporation,  to be
indexed as grantee(s) (the "Grantee(s)"), provides as follows:

                              W I T N E S S E T H :


         That for and in  consideration  of the sum of Ten Dollars  ($10.00) and
other good and valuable consideration,  the receipt and sufficiency of which are
hereby acknowledged,  the Grantor does hereby grant and convey unto the Grantee,
with SPECIAL WARRANTY of Title, the following described real estate, to-wit:


                 SEE SCHEDULE A ATTACHED HERETO AS A PART HEREOF


         This   conveyance   is  made   expressly   subject  to  such   recorded
restrictions,  conditions and easements as may lawfully apply to the real estate
and to such state of facts as would be shown by a current  survey and inspection
thereof.



                                       1



         WITNESS the following signatures:


                                              /s/ Harold N. Spurlock
                                              ----------------------------
                                              Harold N. Spurlock, Grantor


                                              /s/ Daphne R. Spurlock
                                              ----------------------------
                                              Daphne R. Spurlock, Grantor


COMMONWEALTH OF VIRGINIA

CITY OF PETERSBURG, to-wit:

         The foregoing deed was acknowledged  before me, the undersigned  Notary
Public, in my jurisdiction aforesaid, this 5 day of November, 1998, by Harold
N. Spurlock and Daphne R. Spurlock, husband and wife, Grantors.
         My Commission expires:        2 28 2002      . 
                               -----------------------


                             /s/ Peggy K. Seward
                        -------------------------------------
                                Notary Public


Grantee's Address:

PO Box 8
Waverly, VA  23890





                                       2




                                    Exhibit A



ALL that  certain  tract or parcel of land lying and being  situated  in Waverly
Magisterial  District,  Sussex County,  Virginia,  containing 32 acres,  more or
less,  by  estimation,  but sold in gross and not by the acre,  and bound on the
north by U.S.  Route  460,  on the east by Harold N.  Spurlock,  on the south by
Norfolk and Western Railway  Company,  and on the West by land owned by the Town
of Waverly.

BEING  the same  real  estate  conveyed  to Harold  N.  Spurlock  and  Daphne R.
Spurlock, as tenants by the entirety with the right of survivorship as at common
law, by deed from Lone Star Industries, Inc., a Delaware corporation, dated June
7, 1989,  recorded June 14, 1989, Clerk's Office,  Circuit Court, Sussex County,
Virginia, Deed Book 120, page 243.