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                                                                  EXHIBIT 10.8.2

STATE OF NORTH CAROLINA
                                                                 LEASE AGREEMENT
COUNTY OF WILKES

         This LEASE AGREEMENT ("the Lease") is made as of this 4th day of April,
1997, by and between Golden Realty Company, a general partnership (the
"Landlord"), and Ansell Edmont Industrial Inc., a Delaware corporation (the
"Tenant").

         FOR AND IN CONSIDERATION of the mutual agreements contained herein,
Landlord and Tenant agree as follows

         1.   PREMISES. Landlord hereby leases to Tenant and Tenant hereby
leases from Landlord upon the terms and conditions and for the purposes set
forth in this Lease, approximately 4.40 acres known as Golden Needles Plant#7
located in the City of Wilkesboro, State of North Carolina and described in
Exhibit A attached hereto and incorporated herein by reference (the "Leased
Premises").

         2.   TERM.

              a. This Lease shall be for a period of three years beginning
         April 4, 1997 (the "Commencement Date") (being the effective date of
         that certain Asset Purchase Agreement among Golden Needles Knitting,
         Inc., Tom Thumb Glove Co., Inc., Monte Glove Co., Inc., Medical Glove
         Devices, Inc., Landlord, Tenant, Harold F. Plemmons, Linda G. Plemmons,
         Michael G. Coniff and Diane C. Coniff), and ending at midnight April
         30, 2000, unless modified or earlier terminated pursuant to the terms
         hereof (the "Initial Term").

              b. Provided Tenant is not in default hereunder, at the expiration
         of the Initial Term, Tenant shall have the option to renew this Lease
         for one (1) additional three (3) year period (collectively, the
         "Renewal Term") on all of the same terms and conditions as are
         contained in this Lease including, without limitation, Rent (as later
         defined). The Renewal Term shall commence as of the end of the Initial
         Term or the preceding Renewal Term, as applicable. If Tenant desires to
         exercise the Renewal Term, Tenant shall give Landlord written notice of
         such desire not less than sixty (60) days prior to the expiration of
         the Initial Term or the preceding Renewal Term, as applicable. If
         Tenant does not provide such notice to Landlord, Tenant shall
         conclusively be deemed to have elected not to renew this Lease
         (collectively, the Initial Term and the Renewal Term, if exercised,
         shall be referred to hereinafter as the "Lease Term").

         3.   RENTAL.

              a. Tenant shall pay monthly rental equal to Eleven Thousand Two
         Hundred Fifty Dollars ($11,250.00), payable in advance, on or before
         the first (1st) day of each calendar month during the Lease Term
         without notice, deduction, demand or set off (the "Rent"). The Rent for
         any partial month shall be paid in advance and prorated daily from such
         date to the first (1st) day of the next calendar month. The first
         (1st) payment of Rent shall be due and payable on or before the
         Commencement Date.

              b. Except as otherwise mutually agreed upon by Landlord and
         Tenant, Rent shall be payable by checks made payable to Landlord and
         mailed or delivered to the address set forth in Section 28 below or
         such other address as Landlord may designate to Tenant in writing. To
         defray administrative and handling expenses, Tenant agrees to pay an
         additional charge of Ten and No/100 Dollars ($10) for each returned
         check. All Rent shall bear interest at the rate of ten percent (10%)
         per annum if not received by Landlord by the tenth (10th) day of the
         month.

         4.   TAXES AND ASSESSMENTS. Commencing on the Commencement Date, Tenant
shall be responsible for, and covenant to pay directly to the applicable taxing
authority, on or before the date delinquent all

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Taxes (as defined below). As used herein, "Taxes" shall mean all real estate
taxes and assessments, special or otherwise, levied or assessed upon or with
respect to the Leased Premises and accruing during the term of the Lease. Should
the State of North Carolina, or any political subdivision thereof, or any other
governmental authority having jurisdiction over the Leased Premises (a) impose a
tax, assessment, charge or fee, which Landlord shall be required to pay, by way
of supplement to or substitution for such real estate taxes, or (b) impose an
income or franchise tax or a tax on rents in substitution for or as a supplement
to a tax levied against the Leased Premises, all such taxes, assessments, fees
or charges (hereinafter defined as "in lieu of taxes") shall be deemed to
constitute Taxes hereunder. Except as hereinabove provided with regard to "in
lieu of taxes", Taxes shall not include any inheritance, estate, succession,
transfer, gift, franchise, net income or capital stock tax. In determining the
amount of Taxes for any year, the amount of special assessments to be included
shall be limited to the amount of the installment (plus any interest payable
thereon) of such special assessment required to be paid during such year as if
Landlord had elected to have such special assessment paid over the maximum
period of time permitted by law.

         5.   UTILITIES. Tenant shall arrange and promptly pay, as and when due,
directly to the utility company all utility charges on or to the Leased Premises
during the term of this Lease, including but not limited to electric, gas, storm
water, sewage and water. Landlord shall not be responsible for the stoppage or
interruption of any utility services.

         6.   USE OF THE LEASED  PREMISES.  Tenant shall use the Leased Premises
only as a warehouse and distribution facility and for no other purpose without
the prior written consent of Landlord, which consent shall not be unreasonably
withheld or delayed.

         7.   COMPLIANCE WITH LAWS. Tenant shall not permit the Leased Premises
or any portion thereof to be used in any unlawful manner or in any manner that
may create a nuisance. Tenant shall comply with any and all laws, ordinances,
orders or regulations, now in force or which hereinafter may be enacted or
promulgated by any lawful authority having jurisdiction over the Leased Premises
or the use thereof, including but not limited to, compliance with the
requirements of all policies of insurance at any time in force with respect to
the Leased Premises. Notwithstanding the foregoing, in no event shall Tenant be
required to make any capital expenditures, nor shall Tenant be responsible or
required to replace or make other than ordinary day-to-day modifications or
repairs and reasonable preventative maintenance of a type ordinarily conducted
by prudent owners of properties similar to the Leased Premises, to the building
systems, structural components or roof of the Leased Premises to satisfy its
obligations under this Section 7, nor shall Tenant assume any responsibilities
for those matters contemplated by Section 23e hereof.

         8.   ENTRY. Upon reasonable advance notice, Landlord, its agents or
representatives, may enter the Leased Premises at all reasonable times during
usual business hours, for any purpose, including but not limited to exhibiting
the Leased Premises to prospective buyers and tenants. Any such entry by
Landlord shall not unreasonably interfere with Tenant's business.

         9.   SIGNAGE. Tenant may install an identification sign on the Leased
Premises upon prior written approval by Landlord which shall not be unreasonably
withheld or delayed; provided any such signage shall comply with all laws,
ordinances and regulations.

         10.  ASSIGNMENT AND SUBLETTING.  Tenant shall not assign this Lease nor
sublet or otherwise transfer any or all of the Leased Premises without
Landlord's prior written consent, which consent shall not be unreasonably
withheld or delayed. If Landlord consents to any such assignment, sublet or
transfer, Tenant shall not be released from the obligations under this Lease.
Tenant may, however, assign the lease to an Affiliate (as hereinafter defined)
of Tenant without the prior written consent of Landlord. For the purposes of
this Section, "Affiliate" shall mean any person or entity which controls, is
controlled by or is under common control with Tenant and "control" means
ownership of more than fifty percent (50%) of the total voting power of the
outstanding stock of a corporation or of the outstanding ownership of a
non-corporate entity. The acceptance of Rent or other amounts due hereunder
shall not be deemed to be a consent by Landlord to any such assignment, sublet
or other transfer, nor shall the same be deemed a waiver of any right or remedy
of Landlord under this Lease.

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         11.   ALTERATIONS. Tenant shall have the right at any time and from
time to time during the term of the Lease to make at Tenant's sole expense such
alterations, additions or improvements to any portion of the Leased Premises,
either inside or outside, as Tenant may deem necessary or desirable, provided
that Tenant shall have obtained Landlord's prior written consent, which consent
shall not be unreasonably withheld or delayed. If Landlord consents to any such
alteration, addition or improvement, Landlord may require plans and
specifications to be submitted and approved by Landlord. All alterations,
additions or improvements approved by Landlord shall, at Landlord's option,
become a part of the Leased Premises and Landlord's property upon the expiration
or earlier termination of this Lease. All work done pursuant to this Section 11
shall be done in a good and workmanlike fashion and Tenant shall pay before
delinquency all of the costs thereof.

         12.   MAINTENANCE.

               (a) Tenant covenants, at its sole cost and expense, to keep the
         Leased Premises and all fixtures located therein in the same condition
         and repair they are in as of the date hereof,, ordinary wear and tear
         excepted, and shall promptly repair and maintain the Leased Premises at
         its sole cost and expense; provided, however, with the exception of
         ordinary day-to-day maintenance, in no event shall Tenant be
         responsible for the cost of roof repairs (or replacement) or repair or
         replacement of structural components of the Leased Premises or any
         building system, or any other item which would constitute a capital
         expenditure or capitalized expense under generally accepted accounting
         principles.

               (b) Landlord covenants, at its sole cost and expense, to keep and
         maintain (and replace, if necessary), the roof and any of the
         structural components of the Leased Premises in the same condition and
         repair they are in as of the date hereof, ordinary wear and tear
         excepted; provided, however, ordinary day-to-day maintenance of such
         items shall be the responsibility of Tenant hereunder. Subject to
         Tenant's obligation to perform ordinary day-to-day maintenance as
         aforesaid, Landlord further covenants, at its sole cost and expense, to
         perform any and all extraordinary repairs within the Leased Premises,
         replace any building systems and/or make any capital improvements, all
         to the extent necessary to keep the Leased Premises and all fixtures
         located thereon in the same condition and repair they are in as of the
         date hereof, ordinary wear and tear excepted. If Landlord fails to
         perform its maintenance obligations hereunder, Tenant shall have the
         right, after providing Landlord with thirty (30) days' written notice
         and opportunity to perform the necessary repairs, to perform such
         repairs (and replacements, if necessary) on Landlord's behalf and at
         Tenant's option (a) set-off the costs thereof against all Rent then
         next coming due; and/or (b) submit an invoice to Landlord for all such
         costs, which invoice shall be paid by Landlord within thirty (30) days.

               (c) All work performed and all repairs made hereunder by Landlord
         or Tenant as appropriate, shall be done in a good and workmanlike
         manner which shall be consistent with industry standards, using only
         materials and labor of reasonable quality and in compliance with all
         applicable buildings and zoning laws and with all other laws,
         ordinances, orders, rules, regulations, and requirements of all
         federal, state, and municipal governments and the appropriate
         departments, commissions, boards, and officers thereof.

         13.   Intentionally Deleted.

         14.   CASUALTY.

               (a) if the Leased Premises shall be damaged by fire or other
         casualty and if such damage does not render all or a substantial
         portion of the Leased Premises untenantable then, subject to this
         Section 14, Landlord shall proceed with all appropriate diligence to
         repair and restore the Leased Premises so as to render the Leased
         Premises tenantable and return it to the condition it was in prior to
         such casualty. If any such damage renders all or a portion of the
         Leased Premises untenantable, Landlord shall, within thirty (30) days
         after the occurrence of such damage, estimate the length of time that
         will be required to substantially complete the repair and restoration
         of the Leased Premises, necessitated by such damage and shall by notice
         advise Tenant of such estimate. If it is so estimated that the amount
         of time required to

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substantially complete such repair and restoration will extend beyond the
expiration date of this Lease or exceed ninety (90) days from the date such
damage occurred, then either Landlord or Tenant shall have the right to
terminate this Lease as of the date of such damage by giving notice to the other
at any time within twenty (20) days after Landlord gives Tenant the notice
containing said estimate (it being understood that Landlord may, if it elects to
do so, also give such notice of termination together with the notice containing
said estimate). Unless this Lease is terminated as provided in the preceding
sentence, Landlord shall, subject to this Section 14, proceed with all diligence
as aforesaid. If the amount of time actually required by Landlord to complete
the necessary repair or restoration exceeds one hundred eighty (180) days,
Tenant may, at any time after the expiration of such time period, elect to
terminate this Lease upon written notice to Landlord.

               If any such fire or casualty damage renders any portion of the
Leased Premises untenantable and if this Lease shall not be terminated (or until
such time as this Lease is terminated) pursuant to the foregoing provisions of
this Section 14 by reason of such damage, and provided that such fire or
casualty was not caused as a result of the negligence of Tenant, its employees
and/or agents, then a percentage portion of Rent corresponding to the percentage
portion of the Leased Premises that was rendered untenantable shall abate during
the period beginning with the date of such damage and ending with the date when
Landlord substantially completes its repair or restoration required hereunder.
If this Lease is terminated pursuant to this Section 14, Rent shall be
apportioned on a per diem basis and be paid to the date of damage.

               b.   The insurance proceeds shall be payable to Landlord. The
proceeds received by Landlord on account of such damage or destruction, less the
cost, if any, of such recovery, shall be applied by Landlord to the payment of
the cost, of such restoration, repair, replacement, rebuilding or alteration,
(hereinafter referred to as the "Work"), including expenditures made for
temporary repairs or for the protection of property pending the completion of
permanent restoration, repair, replacement, rebuilding or alteration to the
Leased Premises. If the insurance proceeds in the hands of Landlord exceeds the
amount required to pay the cost of the Work, Landlord shall be entitled to
retain such excess amount. If the insurance proceeds are insufficient, and
Tenant shall have fulfilled its obligations under this Lease, Landlord shall
still be fully responsible for satisfying its obligations hereunder.

               c.   Notwithstanding any provisions to the contrary in this
paragraph, Landlord shall not be required to rebuild the Leased Premises if
Tenant is in default in the performance of any term in this Lease.

         15.   INSURANCE.

               a.   Throughout the Lease Term, Tenant shall maintain, at its
                    expense, the following:

                    i.   comprehensive general public liability insurance, which
         shall include coverage for personal liability, contractual liability,
         Tenant's legal liability, bodily injury (including death) and property
         damage all on an occurrence basis with respect to the business carried
         on or from the Leased Premises and Tenant's use and occupancy of the
         Leased Premises and

                    ii   fire, all-hazard risk and extended coverage insurance
         on Landlord's interest in the property and Building constituting the
         Leased Premises and on Tenant's property in the Leased Premises.

               b.   All liability insurance shall be in such amounts and against
         such hazards and contingencies as may be customarily obtained by
         prudent property owners of buildings such as the Leased Premises. The
         casualty insurance shall be in an amount equal to the replacement value
         of such property. All such insurance policies shall name Landlord and
         Landlord's designee as an additional insureds and shall provide that
         they shall not be canceled without thirty (30) days prior written
         notice to Landlord and Landlord's designee. Tenant shall deliver, upon
         the reasonable request of Landlord, certificates of the

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         required insurance. All such insurance policies shall be issued by an
         insurance company authorized to do business in the State of North
         Carolina and approved by Landlord.

               C.   Tenant shall have the option to self-insure a deductible of
         up to $200,000 on each of the hazard insurance and the public liability
         insurance policies.

         16.   INDEMNIFICATION. Subject to the provisions of this Lease,
Landlord and Tenant each (in either case the "Indemnitor") agree to hold
harmless and indemnify the other, and the other's respective beneficiaries,
mortgagees of the Leased Premises, or any portion thereof, agents, partners,
officers, servants and employees (collectively, the "Indemnitees") against
claims and liabilities, including, without limitation, reasonable attorneys'
fees, for death or injury to third parties including, without limitation, claims
and liabilities attributable to injury or death to any of Tenant's employees and
damage to or theft or misappropriation or loss of property that may arise from
or be caused directly or indirectly by any breach by the Indemnitor of any
provision of this Lease or any negligent act or omission or any willful
misconduct of the Indemnitor or any of the Indemnitor's respective agents,
beneficiaries, partners or employees. Such third parties shall not be deemed
third party beneficiaries of this Lease. If any action or proceedings is brought
against any of the Indemnitees by reason of any such act of Indemnitor or any of
the Indemnitor's respective beneficiaries, or their respective agents, partners
or employees, then the Indemnitor will, at the Indemnitor's expense, upon the
written request of the Indemnitees, defend such action or proceeding by counsel
reasonably satisfactory to the Indemnitees

         17.   DEFAULT.

               a.   If Tenant should fail to perform or observe any term of this
         Lease, including, but not limited to, the following:

                    i.     failure in the payment of any Rent, additional rental
               or other sum due hereunder within ten (10) days after the day
               due;

                    ii.    failure to perform any covenant or condition of this
               Lease, other than those specified in another subsection of this
               Section 17, and the failure to cure the same within this (30)
               days of receipt of notice thereof (provided, however, that if
               such failure does not involve the payment of money and is not by
               its nature susceptible to a cure within thirty (30) days, Tenant
               shall have such additional time (up to ninety (90) additional
               days) as may be reasonably necessary so long as Tenant at all
               times diligently and continuously prosecutes the cure to
               completion);

                    iii.   Tenant's voluntary assignment for the benefit of
               creditors, or

                    iv.    Tenant files a petition for relief of any kind
               under the provisions of Title 11 of the United States Code, as
               amended (the "Bankruptcy Code") or an involuntary petition under
               the Bankruptcy Code is filed against Tenant or a receiver or
               trustee is appointed for Tenant's property, and such involuntary
               petition is not dismissed within sixty (60) days.

               b.   then, in addition to any other rights and remedies under
         this Lease, in law or equity, and with or without terminating this
         Lease, Landlord, its agents and representatives may in accordance with
         applicable legal process, re-enter and repossess the Leased Premises
         without prior notice, and exercise any of the following rights:

                    i.     correct or repair any condition which constitutes
               such default and recover from Tenant any amount expended by
               Landlord to cure such default;

                    ii.    demand Tenant vacate the Leased Premises and remove
               all of Tenant's property thereon;

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                    iii.    accelerate the Rent, with such amount calculated
               on a present value basis at 8% per annum, or

                    iv.    relet the Leased Premises on Tenant's behalf, and
               recover from Tenant any deficiency  between the amount received
               as rent, less all costs of reletting, and the amounts due under
               this Lease.

               c.   If any amount owing to Landlord under this Lease is
collected through an attorney, Tenant agrees to pay an additional amount equal
to the amount of the reasonable attorney's fees (determined without reference to
any statutory presumption).

               d.   Landlord shall take reasonable efforts to relet the Leased
Premises to mitigate its damages upon a termination of the Lease. Landlord shall
not be entitled to consequential, punitive or incidental damages.

         18.   SURRENDER.

               a.   Upon expiration or earlier termination of this Lease, Tenant
         shall perform each of the following:

                    i.     quit and surrender the Leased Premises to Landlord in
               the same order, condition and repair as of the Commencement Date,
               ordinary wear and tear excepted; and

                    ii.    remove from the Leased Premises all of Tenant's
               property and repair any damage caused by such removal.

               b.   If Tenant fails to vacate the Leased Premises, upon the
         expiration or earlier termination of this Lease, Landlord may remove
         and/or store Tenant's property at Tenant's expense without liability to
         Tenant for any loss or damage thereto. If Tenant does not claim and
         take delivery of any of Tenant's property that remains on the Leased
         Premises or in storage for more than twenty (20) days after the
         termination or expiration of this Lease, as well as pay Landlord all
         amounts due under this Lease, including costs of removal and storage,
         Landlord may sell all or any portion of such property at a public or
         private sale after having given Tenant ten (10) days prior written
         notice.

               c.   Landlord may apply the proceeds of such sale to the costs of
         removal, storage and sale of the property, and then to payment of all
         amounts due Landlord under this Lease. Any amount remaining shall be
         paid to Tenant upon Tenant's written demand, without interest.

               d.   Notwithstanding the foregoing, Tenant shall retain all
         right, title and interest in the trade fixtures, furniture, equipment
         and non-fixture personalty owned by Tenant, located on the Leased
         Premises and used in the operation of its business.

         19.   HOLDING OVER. If Tenant holds over and remains in possession of
the Leased Premises beyond the expiration of the Lease Term or other termination
of this Lease, such holding over shall not be deemed or construed to be a
renewal of this Lease but shall constitute the creation of a month-to-month
tenancy or a tenancy at sufferance which may be terminated by Landlord upon
thirty (30) days prior written notice to Tenant. By such holding over, Tenant
shall be deemed to have agreed to be bound by the terms and conditions of this
Lease, except during such month-to-month tenancy, Tenant shall pay a monthly
rental rate equal to one hundred fifty percent (150%) of the Rent herein
provided for the preceding month.

         20.   SUBORDINATION.

               a.   Subject to the  provisions of Section 20.b.  below, Tenant's
         interest under this Lease and in the Leased Premises is and shall
         remain subordinate to the lien of every present and future mortgage,
         deed

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         of trust or other security instrument applicable to the Leased Premises
         and any extensions or renewals thereof, and to all advances made
         thereunder. This provision is self-operative. Upon Landlord's request,
         Tenant agrees to execute any additional documents as may be required by
         any third party to evidence this subordination. If a new owner acquires
         the Leased Premises, Tenant agrees to attorn to such new owner as
         Tenant's landlord and to continue to perform all of Tenant's
         obligations under this Lease for such new owner.

               b.   As a precondition to Section 20.a., Landlord shall obtain a
         written agreement from any mortgagee or holder of any deed of trust as
         to the Premises, upon terms and conditions reasonably acceptable to
         Tenant which provides, substantially, that as long as Tenant performs
         its obligations under this Lease and no default exists hereunder, the
         Tenant's possession of the Premises shall not be disturbed as a result
         of any foreclosure, deed in lieu of foreclosure or sale under the
         encumbrance.

         21.   EMINENT DOMAIN.

               (a)  If the Leased Promises should be the subject of a Total
         Taking, or a Partial Taking, then this Lease shall terminate as of the
         date when physical possession of the Leased Premises is taken by the
         condemning authority, As used herein, a "Total Taking" shall mean a
         total taking (or condemnation of title) of (a) the fee interest in all
         or substantially all of the Leased Premises or (b) such title to or
         casement in, over, under or such rights to occupy and use any parts of
         the Leased Premises to the exclusion of Landlord and Tenant as shall
         have the effect, in the reasonable judgment of Landlord and Tenant, of
         rendering the portion of the Leased Premises remaining unsuitable for
         Tenant's continued use. Less than a Total Taking but a taking which in
         the reasonable judgment of Tenant renders the Leased Premises unfit or
         undesirable for Tenant's use is referred to herein as a "Partial
         Taking".

               (b)  All proceeds payable in respect of a taking shall be the
         property of Landlord. Tenant hereby assigns to Landlord all rights of
         Tenant in or to such proceeds, provided that Tenant shall be entitled
         to separately petition the condemning authority for a separate award
         for its moving expenses and trade fixtures only.

               (c)  Upon a Partial Taking, in which the Lease is not terminated,
         then the percentage portion of Rent corresponding to the percentage
         portion of the buildings comprising a portion of the Leased Premises
         that was taken shall abate commencing with the date of such taking and
         continuing through the expiration of the term.

         22.   SALE BY LANDLORD. In the event Landlord sells or transfers the
Leased Premises during the Lease Term, the purchaser shall purchase the Leased
Premises subject to this Lease and Tenant hereby acknowledges that after such
sale, Tenant shall look solely to such third party purchaser as Landlord under
this Lease. Landlord shall be released from all future obligations hereunder,
and Tenant's remedies for any future breach of this Lease shall be solely
against the new owner.

         23.   ENVIRONMENTAL MATTERS.

               a.   following definitions shall apply herein:

                         "Environmental Law" means any federal, state or local
                    law, ordinance, rule, regulation or common law related to or
                    addressing protection of human health and safety or the
                    environment.

                         "Hazardous Material" means any waste, pollutant,
                    material, hazardous or toxic substance or waste, petroleum,
                    petroleum-based substance or waste, special waste, or any
                    constituent of any such substance or waste, the exposure to,
                    presence, use, generation, treatment, storage, release,
                    disposal, handling, cleanup or remediation of which is
                    regulated by or under any Environmental Law.

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                         "Liabilities" means any and all liabilities, expenses,
                    demands, damages, punitive or exemplary damages,
                    consequential damages, costs, cleanup costs, response costs,
                    losses, causes of action, claims for relief, attorneys' and
                    other legal fees, consultants' fees, other professional
                    fees, penalties, fines, assessments and charges.

               b.   Throughout the Lease Term, Tenant shall not cause, permit or
         allow any Hazardous Materials to be handled, placed, stored, dumped,
         dispensed, released, discharged, deposited, manufactured, generated,
         treated, processed, used, transported or located in, on, under or about
         the Leased Premises without Landlord's prior written consent; provided,
         however, that Tenant may handle, store or use without Landlord's prior
         written consent Hazardous Materials which are directly related to
         Tenant's ordinary business operations on the Leased Premises under the
         terms of the Lease, if Tenant engages in such permitted activity in a
         safe and lawful manner and in full compliance with any and all
         applicable Environmental Laws, which compliance shall be at Tenant's
         sole expense. Upon the expiration or earlier termination of this Lease,
         Tenant, at Tenant's expense, shall remove all Hazardous Materials from
         the Leased Premises,

               c.   Tenant shall give Landlord immediate written notice of any
         spill, discharge, disposal, release or threatened release of any
         Hazardous Materials in, on, under or about the leased premises during
         the Lease term. Tenant shall promptly provide to Landlord a description
         of actions proposed to be taken by Tenant to contain, remove, clean up
         and remediate such Hazardous Materials and any resultant damage to or
         impact on property, persons and/or the environment (including, without
         limitation soil, surface water, groundwater and other media) on, under
         or about the Leased Premises or any adjoining premises. Tenant shall
         not take any such actions without Landlord's prior written consent;
         provided, however, that nothing herein shall prevent Tenant from
         complying with applicable Environmental Laws regarding the immediate
         response to or containment of releases of Hazardous Materials. Upon
         Landlord's approval and at Tenant's expense, Tenant shall promptly take
         all actions necessary to contain, remove, clean up and remediate such
         Hazardous Materials and any resultant damage to or impact on property,
         persons and/or the environment (including, without limitation, soil,
         surface water, groundwater and other media) on, under or about the
         Leased Premises or any surrounding premises, in complete compliance
         with all applicable Environmental Laws.

               d.   Tenant shall indemnify, release and hold Landlord harmless
         from and against any and all Liabilities suffered by, incurred by or
         assessed against Landlord, its officers, directors, shareholders,
         partners, employees, agents, representatives, heirs, successors and
         assigns related to or as a result of (i) any actual or alleged
         violation of any Environmental Law by Tenant related to Tenant's use,
         occupation or operation of the Leased Premises, or (ii) the presence,
         discharge, release, removal, remediation or cleanup of any Hazardous
         Materials in, on, under or about the Leased Premises or any
         improvements thereon arising out of Tenant's use, occupation or
         operation of the Leased Premises after the date hereof, including
         without limitation any migration of any such Hazardous Materials onto
         any surrounding premises; provided, however, that this indemnification
         obligation shall not apply to any Hazardous Materials released or
         discharged in, on, under or about the Leased Premises before the date
         hereof, including any Hazardous Materials that have been discharged
         from underground storage tanks located on the Leased Premises prior to
         the date hereof.

               e.   Landlord shall indemnify, release and hold Tenant harmless
         from and against all Liabilities suffered by, incurred by or assessed
         against Tenant, its officers, directors, shareholders, partners,
         employees, agents, representatives, heirs, successors and assigns
         related to or as a result of action taken by any governmental entity or
         agency or by any third party claimant as a result of the presence,
         disturbance, discharge, release, removal or cleanup of any Hazardous
         Materials in, on, under or about the Leased Premises or any
         improvements thereon prior to the date hereof, including any migration
         of any such Hazardous Materials onto any surrounding premises, and
         including any Hazardous Materials that have been discharged from
         underground storage tanks located on the Leased Premises prior to the
         date hereof.

                                      -8-
<PAGE>   9
               f.   The  obligations in this Section shall survive the
         expiration or earlier termination of this Lease.

         24.   QUIET ENJOYMENT. Landlord covenants and agrees that Tenant, upon
paying all charges herein provided for and observing and keeping the covenants,
agreements, and conditions of this Lease on its part to be kept, shall lawfully
and quietly hold, occupy, and enjoy said Leased Premises during the term of this
Lease without hindrance or molestation of Landlord or any person or persons
claiming under Landlord.

         25.   INTENTIONALLY DELETED.

         26.   LIENS. Tenant shall keep the Leased Premises and Tenant's
leasehold estate free from any liens arising out of any work performed,
material furnished or obligations incurred with respect to the Leased Premises.
In the event any such lien is filed against the Leased Premises, Tenant shall
cause such lien to be discharged by payment or bonding within thirty (30) days
of the filing of the lien.

         27.   ESTOPPEL.  Tenant shall, from time to time, upon ten (10) days
prior notice, deliver to Landlord or its designee, a written statement
certifying the following:

               a.   this Lease is unmodified and in full force and effect;

               b.   the amount of Rent then payable under this Lease and the
         date to which Rent has been paid;

               c.   to the best of Tenant's knowledge, there are no defaults
         under this Lease or a detailed description of such default; and

               d.   Tenant is in possession of the Leased Premises.

         28.   NOTICES.  All notices required to be given by the terms of this
Lease shall be in writing, and deemed given when sent by: a) registered or
certified mail, postage prepaid, return receipt requested, b) prepaid telex or
telecopier or c) national overnight delivery service to the addresses and
numbers set forth below:

               Tenant:                   1300 Walnut St.
                                         P.O. Box 6000
                                         Coshocton, OH 43812-6000
                                         Attn: Mr. William J. Reed
                                         Fax: 614-623-3559

               With a copy to:           Gardner, Carton & Douglas
                                         321 North Clark Street
                                         Suite 3400
                                         Chicago, IL 60610-4795
                                         Attn: Robert  J. Wilczek, Esq.
                                         Fax: (312) 644-3381

                                      -9-
<PAGE>   10
               Landlord:             Harold E. Plemmons
                                     50 Sea Gate Drive
                                     Suite 1203B
                                     Naples, FL 33940

                                           and

                                     Michael G. Coniff
                                     10 Sea Gate Drive
                                     Unit 75
                                     Naples, FL 33940

               With copies to:       Vannoy, Colvard, Triplett, McClean & Vannoy
                                     922 C Street
                                     P.O. Box 1388
                                     North Wilkesboro, NC 28659
                                     Ann, Howard C. Colvard, Esq.
                                     Fax: (910) 838-7250

                                           and

                                     Peter M. Schneiderman & Associates, P.C.
                                     30300 Northwestern Highway
                                     Suite 222
                                     Farmington Hills, MI 48334
                                     Attn: Peter M. Schneiderman
                                     Telephone: (810) 855-6687
                                     Fax: (810) 855-6687

Either party may designate a different address by written notice given to the
other

         29.   MISCELLANEOUS.

               a.   SUCCESSORS  AND ASSIGNS.  This Lease shall be binding upon
         the parties hereto and their respective successors and assigns.

               b.   ENTIRE AGREEMENT. This Lease represents the entire agreement
         and all prior and contemporaneous discussions and documents are
         superseded by the Lease. Any statement or representation not contained
         herein shall not be binding on either party All subsequent amendments
         hereto must be in writing and signed by the parties hereto.

               c.   INVALIDITY.  The invalidity or unenforceability of any term
         herein shall not affect the validity or enforceability of any other
         term.

               d.   GOVERNING LAW. This Lease shall be construed and enforced
         in accordance  with the laws of the State of North Carolina.

               e.   WAIVER. No right or remedy under this Lease shall be waived
         unless the waiver is in writing and signed by the party claimed to
         have made the waiver, and waiver will not be interpreted as a
         continuing waiver.

                                      -10-
<PAGE>   11
               f.   COUNTERPARTS. This Lease may be executed in two (2) or more
         counterparts with all being deemed collectively as one lease.

               g.   BROKERS. Landlord and Tenant each represent and warrant to
         the other that they have not dealt with any real estate agent or broker
         in connection with this transaction, whose commission shall be payable
         by Landlord. Landlord and Tenant each hereby indemnify and save the
         other harmless from and against all loss, cost and expense incurred by
         reason of a breach of such representation or warranty.

               h.   ATTORNEY FEES. If any action is taken to enforce any
         provision of this Lease, the prevailing party shall be entitled to
         recover from the other party its reasonable attorneys' fees and all
         costs incurred in such enforcement.

               i.   OPTION TO PURCHASE.

               Tenant shall have the option to purchase the Leased Premises (the
         "Option") as hereinafter provided and subject to the conditions and
         limitations hereinafter provided:

               (a)  Tenant shall have the option to purchase the Leased Premises
         at an option price ("Option Price") equal to $1,500,000.00; provided,
         however, on each successive anniversary of the Commencement Date, the
         Option Price shall be adjusted by the amount of the percentage increase
         in the CPI (as defined below) over a base year of 1997 (being the year
         of the Commencement Date); provided, however, that in no event shall
         the Option Price be less than $1,500,000.00.

               (b)  Tenant may only exercise the Option if the Lease is in full
         force and effect, and no default, or circumstance which would
         constitute a default but for the passage of time or giving of notice or
         both on the part of Tenant hereunder exists, at the time Tenant
         notifies Landlord of the exercise of the Option and at the time set for
         closing of the Option.

               (c)  Tenant shall signify its intent to exercise the Option, if
         at all, by delivering to Landlord, not later than one hundred eighty
         (180) days prior to the expiration of the Term (or Renewal Term, if
         applicable), its irrevocable written notice of its exercise of the
         Option (the "Notice"). Delivery of this notice shall create a binding
         agreement on the part of Tenant and Landlord to sell/buy the Leased
         Premises as set forth in this Section 29i.

               (d)  Tenant shall within thirty (30) days after receipt of the
         Notice, furnish to Landlord a copy of Tenant's commitment for an
         owner's policy of title insurance (the "Commitment") issued by Chicago
         Title Insurance Company (the "Title Insurer") showing title to the
         Leased Premises in Landlord, which may be subject only to the
         exceptions set forth on Exhibit B attached hereto (the "Permitted
         Exceptions"). Tenant shall pay all costs of issuance of the Commitment
         and any policy issued in connection therewith. In addition, Tenant may,
         at its sole cost and expense, obtain an update of the survey previously
         prepared for the Property prior to the closing under the Asset Purchase
         Agreement (the "Survey"), showing no additional encroachments,
         exceptions or survey defects of any kind which do not constitute
         Permitted Exceptions. Tenant shall be allowed ten (10) days after
         receipt of the Commitment, all underlying title documents and the
         Survey for examination and the making of objections to any title or
         survey matter that is not a Permitted Exception (the "Unpermitted
         Exceptions"). Said objections shall be made in writing or deemed to be
         waived. If any objections are so made, Landlord shall be allowed thirty
         (30) days to cause the Title Insurer to remove or endorse over any
         Unpermitted Exception.

               If any Unpermitted Exceptions are not removed or endorsed over
         within thirty (30) days from the date of written objection thereto, as
         above provided, any agreement of purchase resulting from the exercise
         of the Option shall, at the written election of Tenant, be null and
         void. In such event neither party shall be liable for damages to the
         other party, and this Lease shall continue in full force and effect.
         Tenant shall exercise its election by declaring any such resulting
         purchase agreement null and void by delivering to Landlord a written
         notice to such effect within three (3) days after the expiration of the
         aforesaid thirty (30)

                                      -11-
<PAGE>   12
         day period. Failure by Tenant to deliver to Landlord, in writing, the
         aforesaid election to declare the resulting purchase agreement null and
         void within the time period prescribed herein shall constitute an
         election by Tenant to take title to the Leased Premises as it then is
         (with the right to deduct from the Option Price liens and encumbrances
         of a definite and ascertainable amount if created by Landlord or any
         party claiming by, through or under Landlord).

               (e)  Subject to the performance by Tenant, Landlord agrees to
         execute and deliver a special warranty deed, conveying title to the
         Leased Premises to Tenant or as Tenant may designate, subject only to
         the Permitted Exceptions.

               (f)  Closing of the Option shall occur within forty-five (45)
         days from receipt by Landlord of the Notice or such other date as may
         be mutually agreed upon by Landlord and Tenant, or as such date may be
         extended by reason of delays occasioned by operation of (d) hereof. All
         rents and other charges payable by Tenant in respect of the Leased
         Premises and all other obligations of Tenant hereunder accruing prior
         to closing of the Option shall be paid, performed and complied with
         until such time as closing of the Option shall occur and the full
         Option Price has been paid to Landlord. Notwithstanding any provision
         to the contrary herein contained, if the date of closing of the Option
         shall extend beyond the term of the Lease, the Lease and all rights and
         obligations as therein contained shall be extended to the date of
         closing of the Option on the same terms as set forth in the Lease.

               Closing shall occur through an escrow with the escrow department
         of the Title Insurer ("Escrowee"), in accordance with the general
         provisions of the Escrowee's usual form of deed and money escrow
         agreement with special provisions inserted in the escrow agreement as
         may be required to conform to this Section 29i and subject to the terms
         of a separate money lender's escrow, if any, and with provision for a
         "New York" style closing. Upon the creation of such escrow payment of
         the Option Price and delivery of the warranty deed shall be made
         through the escrow. This Section 29i shall not be merged into nor in
         any manner superseded by the escrow agreement.

               The Option Price shall be paid to Landlord by Tenant by wire
         transfer of "good funds" on the date of closing of the Option.

               The parties agree that the adjustments for rent and other matters
         shall be made as of the date of closing of the Option. The parties
         further agree that all title and survey charges (other than for the
         cost of endorsements necessary to insure over any Unpermitted
         Exceptions) shall be paid by Tenant and all charges for the state,
         county and local transfer taxes and recording fees shall be paid by
         Landlord. All escrow fees shall be divided equally between Landlord and
         Tenant.

               (g)  Time shall be of the essence in the performance of the terms
         and conditions of the Option.

               (h)  At closing of the Option, Tenant shall deliver to Landlord
         and Landlord shall deliver to Tenant an agreement canceling and
         terminating this Lease and releasing each party from its obligations to
         the other party under this Lease accruing subsequent to Closing.

               (i)  For purposes of this Section 29i the "CPI" shall mean the
         "Revised Consumer Price Index-All Cities (1984 = 100)" published by the
         Bureau of Labor Statistics of the United States Department of Labor,
         or, in case such index is no longer published, such other index as is
         then customarily used for this purpose.

               j.   Time is of the Essence. Time is of the essence of this Lease
         and all of its provisions.

               k.   Landlord's Authority. Landlord represents and warrants that
         it has full and complete authority to enter into this Lease under all
         of the terms, conditions and provisions set forth herein.

                                      -12-
<PAGE>   13
               1.   Tenant's Authority.  Tenant represents and warrants that it
         has full and complete authority to enter into this Lease under all of
         the terms, conditions and provisions set forth herein.

               m.   Landlord's Title.  Landlord  represents and warrants that as
         of the Commencement Date, it has marketable fee simple title to the
         Leased Premises subject only to the Permitted Exceptions,

               n.   Memorandum of Lease. On the Commencement Date, Landlord and
         Tenant shall enter into, and record, a "short form" or Memorandum of
         Lease in recordable form attached hereto as Exhibit C and made a part
         hereof, which shall set forth the parties, the legal description, the
         Commencement Date and Expiration Date of the term of the Lease, the
         renewal option, and the option to purchase.

         IN WITNESS WHEREOF, Tenant and Landlord duly execute this Lease under
seal as of the day and year first above written.

<TABLE>
<S>                                <C>
                                   LANDLORD:

                                   Golden Realty Company, a general partnership (SEAL)

                                   By:   /s/ Michael G. Coniff                  (SEAL)
                                      ------------------------------------------
                                   General Partner

                                   By:   /s/ Howard E. Plemmons                 (SEAL)
                                      ------------------------------------------
                                   General Partner

Attest:                            TENANT:

By:                                Ansell Edmont Industrial, Inc., a Delaware corporation
   --------------------------
Title:           Secretary         By:   /s/ William J. Reed
       ----------                     ------------------------------------------------

[CORPORATE SEAL]                   Title:         President
                                         ---------
</TABLE>

                                      -13-
<PAGE>   14
                                    EXHIBIT A
                                       TO
                                 LEASE AGREEMENT

BEGINNING on a railroad spike (found) in the Northern Right of Way of Hwy 268
(Right of Way described in Deed Book 659 at Page 510), said iron being the West
lien of Deed Book 493 at Page 551 of the Wilkes County Registry and also being
located North 62 degrees 30' 03" West 1,615.58 feet from Grid Monument "Holly";
THENCE with same Right of Way, South 72 degrees 17' 54" West 46.36 feet to a
N.C. D.O.T. Right of Way disc; THENCE South 23 degrees 27' 14" East 16.13 feet
to a point in a drop inlet; THENCE South 35 degrees 56' 41" West 57.01 feet to a
N.C. D.O.T. Right of Way disc; THENCE South 88 degrees 04' 11" West 134.93 feet
to a N.C. D.O.T. Right of way disc; THENCE North 41 degrees 30' 47" West 15.69
feet to a N.C. D.O.T. Right of Way disc; THENCE South 88 degrees 04' 11" West
41.07 feet to an iron; THENCE leaving said Right of Way, North 03 degrees 05'
48" West 158.18 feet to a spike (found); THENCE North 77 degrees 15' 54" West
7.65 feet to a spike (found); THENCE North 03 degrees 04' 19" West 231.25 feet
to a spike (found); THENCE North 07 degrees 43' 48" East 65.95 feet to a spike
(found), said being the Southeast corner of Deed Book 647 at Page 101 of the
Wilkes County Registry; THENCE continuing North 07 degrees 43' 48" East 82.00
feet to a spike (found); THENCE North 03 degrees 21' 19" West 267.03 feet to an
iron (found); THENCE with the Town of Wilkesboro's line, North 87 degrees 31'08"
East 179.34 feet to a P.K. Nail; THENCE with same, North 87 degrees 3 1' 08"
East 44.99 feet to an iron; THENCE South 03 degrees 00' 56" East 275.15 feet to
an iron; THENCE South 03 degrees 00' 56" East 155.81 feet to an iron (found),
said iron being located North 86 degrees 52' 05" East 44.99 feet from a spike
(found), the Southwest corner of Deed Book 601 at page 145; THENCE South 03
degrees 00' 56" East 251.92 feet to a REBAR (found); THENCE South 15 degrees 06'
21 " East 33.23 feet to a REBAR (found); THENCE South 23 degrees 10' 05" East
32.86 feet to the BEGINNING.

CONTAINING 4.40 acres more or less by Coordinate Computation. For further
reference see Deed Book 503 at Page 127, Deed Book 640 at Page 708 and Deed Book
601 at Page 145 of the Wilkes County Registry.

ALSO included in the above is a 25 foot Easement along the Western Boundary of
the above described 4.40 acre tract, said Easement extends to the center of the
river and serving Ellen Whitaker's 0.42 acre lot.

<PAGE>   15
                                   EXHIBIT B

1.     Ordinances, building codes, subdivision ordinances, subdivision
       regulations, zoning ordinances, restrictions, prohibitions and other
       requirements imposed by a governmental authority.

2.     Right of way Agreement in favor of James Walter Byrd, Jr., et al.
       recorded in Book 691, page 739.

3.     Reservation of easement contained in deed recorded in Book 671, page 577.

4.     Right of way agreements to Travelers Inns of North Wilkesboro, Inc.
       recorded in Book 601, pages 146 and 147.

5.     Right of way to Duke Power Company recorded in Book 516, page 330.

6.     Water easements to Town of Wilkesboro recorded in Book 656, page 531 and
       Book 456, page 183.

7.     Floating easement to Town of Wilkesboro recorded in Book 656, page 530.

8.     Right of way to Department of Transportation recorded in Book 577, page
       20.

9.     Right of way to State Highway Commission recorded in Book 435, page 24.

10.    Sewer line easement to Town of Wilkesboro recorded in Book 634, page 581.

11.    Easement to Town of Wilkesboro for water line and pumping station
       recorded in Book 407, page 53.

12.    Right of North collegiate Drive recorded in Book 694, page 825.

13     All matters shown on the survey by Jerry Lackey, R.S., dated June 13,
       1991 and revised March 20, 1997.

14.    Rights of other in and to appurtenant easement for driveway as contained
       in instrument recorded in Book 691, page 790.

15.    Taxes, dues and assessments for the year the purchase option is
       exercised, not yet due and payable.

                                      -15-
<PAGE>   16

                                   EXHIBIT C

STATE OF NORTH CAROLINA
                                                             MEMORANDUM OF LEASE
COUNTY OF WILKES

     This MEMORANDUM OF LEASE is made effective as of April __, 1997, pursuant
to the terms of the Lease Agreement dated of even date herewith (the "Lease")
by and between Golden Realty Company, a general partnership with an address of
1000 Springs St., Wilkesboro, NC 28697 ("Landlord"), and Ansell Edmont
Industrial Inc., a Delaware corporations, with an address of 1300 Walnut St.,
P.O. Box 6000, Coshocton, OH 43812-6000 ("Tenant").

     Landlord is the owner of certain real property located in Wilkes County,
North Carolina, which is more particularly described on Exhibit A, attached
hereto and incorporated herein by reference (the "Land"), which Land contains a
building and other improvements (the Land, building and other improvements are
collectively called the "Premises").

     Landlord has leased to Tenant and Tenant has leased from Landlord the
Premises for a term of three (3) years beginning on April __, 1997, and
expiring on April __, 2000.

     The Lease contains an option for renewal for an additional term of three
(3) years as more particularly described in the Lease.

     The Lease contains an option to purchase the Premises for terms as more
particularly described in the Lease.

     All of the provisions set forth in the Lease are hereby incorporated into
and made a part of this Memorandum. To the extent that any provision hereof
conflicts with any provision of the Lease, the Lease shall control. Copies of
the Lease are on file in the offices of Landlord and Tenant at the addresses
set forth above.

                       [SIGNATURES ON THE FOLLOWING PAGE]

DRAWN BY AND MAIL TO:
Parker Poe Adams & Bernstein L.L.P. (GEG)
2500 Charlotte Plaza
Charlotte, North Carolina 28244
<PAGE>   17

     IN WITNESS WHEREOF, Landlord and Tenant have signed and sealed this
Memorandum of Lease effective as of the date first above written.

                                 LANDLORD:

                                 Golden Realty Company, a general partnership
                                 (SEAL)

                                  By:                                 (SEAL)
                                     ---------------------------------
                                     General Partner

                                  By:                                 (SEAL)
                                     ---------------------------------
                                     General Partner

                                  TENANT:

                                  Ansell Edmont Industrial, Inc., a Delaware
                                  corporation

                                  By:
                                     ---------------------------------
                                     _____ President

ATTEST:

-------------------------
________ Secretary

[CORPORATE SEAL]

                                       2
<PAGE>   18

STATE OF _____________
COUNTY OF _____________

     I, __________________________, a Notary Public of the County and State
aforesaid, certify that ________________________, a general partner of GOLDEN
REALTY COMPANY, a general partnership, personally appeared before me this day
and acknowledged the execution of the foregoing instrument as general partner
on behalf of Golden Realty Company.

     Witness my hand and official stamp or seal this ___ day of April, 1997.

My Commission Expires:                --------------------------------
                                               Notary Public
-----------------------------
[NOTARY SEAL]

STATE OF _____________
COUNTY OF _____________

     I, __________________________, a Notary Public of the County and State
aforesaid, certify that ________________________, a general partner of GOLDEN
REALTY COMPANY, a general partnership, personally appeared before me this day
and acknowledged the execution of the foregoing instrument as general partner
on behalf of Golden Realty Company.

     Witness my hand and official stamp or seal this ___ day of April, 1997.

My Commission Expires:                --------------------------------
                                               Notary Public
-----------------------------
[NOTARY SEAL]

STATE OF _____________
COUNTY OF _____________

     I, __________________________, a Notary Public for the above State and
County, hereby certify that ________________________ personally came before me
this day and acknowledged that she/he is __________________ Secretary of Ansell
Edmont Industrial Inc., a Delaware corporation, and that by authority duly given
and as the acts of said corporation, the foregoing instrument was signed in its
name by its President, sealed with its corporate seal and attested by him/her as
its ________________ Secretary.

     Witness my hand and official seal, this the ___ day of April, 1997.

My Commission Expires:                --------------------------------
                                               Notary Public
-----------------------------
[NOTARY SEAL]

                                       3
<PAGE>   19

                                   EXHIBIT A

BEGINNING on a railroad spike (found) in the Northern Right of Way of Hwy 253
(Right of Way described in Deed Book 659 at Page 510), said iron being the West
lien of Deed Book 493 at Page 551 of the Wilkes County Registry and also being
located North 62 degrees 30' 03" West 1,615.58 feet from Grid Monument
"Holly"; THENCE with same Right of Way, South 72 degrees 17' 54" West 46.36
feet to a N.C.D.O.T. Right of Way disc; THENCE South 23 degrees 27' 14" East
16.13 feet to a point in a drop inlet; THENCE South 35 degrees 56' 41" West
57.01 feet to a N.C.D.O.T. Right of Way disc; THENCE South 88 degrees 04' 11"
West 134.93 feet to a N.C.D.O.T. Right of way disc; THENCE North 41 degrees 50'
47" West 15.69 feet to a N.C.D.O.T. Right of Way disc; THENCE South 88 degrees
04' 11" West 41.07 feet to an iron; THENCE leaving said Right of Way, North 03
degrees 05' 48" West 158.18 feet to a spike (found); THENCE North 77 degrees
15' 54" West 7.65 feet to a spike (found); THENCE North 03 degrees 04' 19" West
231.25 feet to a spike (found); THENCE North 07 degrees 43' 48" East 65.95 feet
to a spike (found), said being the Southeast corner of Deed Book 647 at Page
101 of the Wilkes County Registry; THENCE continuing North 07 degrees 43' 48"
East 82.00 feet to a spike (found); THENCE North 03 degrees 21' 19" West 267.03
feet to an iron (found); THENCE with the Town of Wilkesboro's line, North 87
degrees 31' 08" East 179.34 feet to a P.K. Nail; THENCE with same, North 87
degrees 31' 08" East 44.99 feet to an iron; THENCE South 03 degrees 00' 56"
East 275.15 feet to an iron; THENCE South 03 degrees 00' 56" East 155.81 feet
to an iron (found), said iron being located North 86 degrees 52' 06" East 44.99
feet from a spike (found), the Southwest corner of Deed Book 601 at Page 145;
THENCE South 03 degrees 00' 56" East 251.92 feet to a REBAR (found); THENCE
South 15 degrees 06' 21" East 33.23 feet to a REBAR (found); THENCE South 23
degrees 10' 05" East 32.86 feet to the BEGINNING.

CONTAINING 4.40 acres more or less by Coordinate Computation. For further
reference see Deed Book 503 at Page 127, Deed Book 640 at Page 708 and Deed
Book 601 at Page 145 of the Wilkes County Registry.

TOGETHER WITH a non-exclusive 20 foot easement for ingress, egress and regress
created by the right-of-way agreement recorded in Deed Book 691, Page 790.

ALSO included in the above is a 25 foot Easement along the Western Boundary of
the above described 4.40 acre tract, said Easement extends to the center of the
river and serving Ellen Whitaker's 0.42 acre lot.

                                       4<PAGE>   1

                                                                  EXHIBIT 10.8.3

                              ASSIGNMENT OF LEASE

     This Assignment of Lease ("Assignment"), made and entered into as of the
24th day of April, 1997, by and among Tom Thumb Glove Co., Inc. ("Tenant"),
Ansell Edmont Industrial, Inc. ("Assignee") and River Road Properties, Inc.
("Landlord"):

                              W I T N E S S E T H:

     WHEREAS, Landlord and Tenant have entered into that certain Lease Agreement
dated March 1, 1995 (the "Lease").

     WHEREAS, the Lease demises that property specifically described on
Exhibit A attached hereto (the "Premises"), all as more particularly described
in the Lease, a copy of which, along with all subsequent amendments, previously
have been delivered to Assignee which acknowledges receipt by execution of this
Agreement.

     WHEREAS, (a) Tenant desires to assign its interest in the Lease to
Assignee, (b) Assignee desires to accept such assignment and assume all
obligations as tenant under the Lease, (c) Landlord is willing to consent to
said Assignment on the terms and conditions hereinafter set forth, effective
12:01 a.m. on April 24, 1997 ("Effective Time").

     NOW, THEREFORE, in consideration of the foregoing and of the mutual
covenants herein contained and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

     1.  ASSIGNMENT BY TENANT. Tenant hereby transfers, assigns and sets over
to Assignee all of Tenant's right, title and interest in and to the Lease as of
the Effective Time.

     2.  ACCEPTANCE AND ASSUMPTION BY ASSIGNEE. Assignee (and if Assignee
consists of more than one person or entity, each of them jointly and severally)
hereby accepts the foregoing assignment of Tenant's right, title and interest
in and to the Lease and assumes and agrees to make all future payments as they
come due under the Lease and to perform and keep all covenants, agreements and
obligations contained in the Lease to be made, kept and performed as the tenant
thereunder. Assignee shall make no further assignment of the Lease or sublease
of the Premises demised thereby, or any part thereof, without in each case
first obtaining the written consent of Landlord.

     3.  CONSENT OF LANDLORD. Landlord hereby consents to the Assignment of the
Lease by Tenant to Assignee on the terms contained above.

<PAGE>   2

     4.  ESTOPPEL. Landlord represents and states that as of the Effective
Time, Tenant has paid all rent due to date, and that to the best of Landlord's
knowledge the Tenant is in compliance with the remaining provisions of the
Lease.

     5.  SEVERABILITY. The invalidity, illegality or unenforceability of any
provisions hereof, shall not in any way affect, impair, invalidate or render
unenforceable this Assignment or any provision hereof.

     6.  FULL FORCE AND EFFECT. Except to the extent modified hereby, all of
the terms of the Lease shall remain in full force and effect.

     IN WITNESS WHEREOF, Landlord, Tenant and Assignee have executed this
Assignment as of the date set forth above.

       LANDLORD:                                          TENANT:

River Road Properties, Inc.                       Tom Thumb Glove Co., Inc.

BY:  Earnest R. Ryder                             BY:  /s/ Howard E. Plemmons
     -----------------------                          -----------------------
ITS: President                                    ITS: President

         ASSIGNEE:

Ansell Edmont Industrial, Inc.

BY:  William J. Reed
     -----------------------------
ITS: President

                                      -2-
<PAGE>   3

                                   EXHIBIT A

                               LEGAL DESCRIPTION

     BEING all of that real property described in that certain deed recorded in
Book 734, Page 894 in the office of the Register of Deeds of Wilkes County,
North Carolina, which said deed is incorporated fully herein for a more certain
and adequate description.

     Excepted from the real property herein described are those three areas,
marked A, B and C on Exhibit B, attached hereto and incorporated fully herein
by reference, which have been previously leased to Thom McAn Manufacturing,
Inc. or Melville Corporation.

                                      -3-
<PAGE>   4

                                   EXHIBIT B

                           (FLOOR PLAN APPEARS HERE)
<PAGE>   5
                            TOM THUMB GLOVE CO., INC.
                                 P.O. DRAWER 640
                        WILKESBORO, NORTH CAROLINA 28697

                                  April 4, 1997

River Road Properties Inc.
c/o E. Ray Ryder
206 Ivy Lane
Wilkesboro, NC 28697

          Re:     REQUEST TO ASSIGN LEASE AGREEMENT

Dear Ray:

         Reference is made to the lease agreement between River Road
Properties, Inc. ("River Road") and Tom Thumb Glove Co., Inc. ("Tom Thumb"), a
copy of which is attached as Exhibit A hereto (the "Agreement").

         Tom Thumb proposes to sell substantially all of its assets, including
an assignment of its rights and obligations under the Agreement, to Ansell
Edmont Industrial Inc. ("Ansell Edmont"). Ansell Edmont is a major manufacturer
of industrial gloves headquartered in Atlanta, Georgia, and is a wholly-owned
subsidiary of Pacific Dunlop Holdings, Inc.

         Tom Thumb hereby requests River Road's written consent to such
assignment of the Agreement to Ansell Edmont. Please indicate River Road's
consent by signing the enclosed copy of this letter in the space provided below
and returning it to me as soon as possible.

         Inasmuch as the proposed sale to Ansell Edmont is planned for April
11, 1997, your prompt attention to this letter is respectfully requested.

         Please call me to discuss any questions you have about Tom Thumb's
request. Thank you for your attention to this matter.

                               Sincerely,

                               Tom Thumb Glove Co., Inc.

                               By: /s/ Howard E. Plemmons
                                  ------------------------------

The above requested consent to
assignment is hereby given:

RIVER ROAD PROPERTIES, INC.

By:  /s/ Earnest R. Ryder
   ------------------------
Its: President
    -----------------------
Date:  April 7th, 1997
     ----------------------
Enclosures

<PAGE>   6

                                                                      EXHIBIT A

NORTH CAROLINA
                                             LEASE AGREEMENT
WILKES COUNTY

         THIS LEASE AGREEMENT, made and entered into as of the 1st day of March,
1995, by and between RIVER ROAD PROPERTIES, INC., a corporation lawfully present
and doing business in North Carolina, with its principal office and place of
business in Wilkes County, North Carolina (hereinafter "LESSOR") and TOM
THUMB GLOVE CO., INC., a corporation lawfully present and doing business in
North Carolina, with its principal office and place of business in Wilkes
County, North Carolina (hereinafter "LESSEE").

                              W I T N E S S E T H:
                              ---------------------

         Subject to the terms and conditions hereinafter stated, Lessor does
hereby let and lease unto Lessee, and Lessee does hereby accept as tenant, that
certain tract or parcel of land, with improvements thereon, lying and being in
the Town of Wilkesboro, Wilkes County, North Carolina, more specifically
described, as follows:

         BEING all of that real property described in that certain deed recorded
         in Book 734, Page 894 in the office of the Register of Deeds of Wilkes
         County, North Carolina. A copy of said deed is attached hereto, marked
         as Exhibit A, and incorporated fully herein for a more certain and
         adequate description.

         Excepted from the real property herein described and not subject to the
         terms of this Lease Agreement are those three areas, marked A, B, and C
         on Exhibit B, attached hereto and incorporated fully herein by
         reference, which have been previously leased to Thom McAn
         Manufacturing, Inc. or Melville Corporation.

         This Lease is made upon the following terms and conditions:

         1. This Lease shall begin as of the effective date hereof and, subject
to Lessee's option to renew or unless sooner terminated as herein provided,
shall exist and continue until 11:59 p.m. on the 31st day of March, 2000. It is
expressly understood and agreed, moreover, that if Lessee should remain in
possession of the leased premises after the termination of said term or any
renewal or extension thereof, Lessee shall be considered a tenant from month to
month under all terms and provisions of this Agreement, which shall continue in
full force and effect during the entire period of such holding over.

<PAGE>   7

         2. During the original term hereof and as base rental for the leased
premises, Lessee shall pay, or cause to be paid, without notice or demand
therefor, the sum of $15,000 per month. Such sums shall be due and payable, in
advance, on or before the 10th day of each applicable month hereunder. All such
rental shall be paid to Lessor at its address, hereinafter stated.

         3. Should Lessee faithfully comply with all of the terms and provisions
of this Agreement on its part to be kept and performed and not otherwise be in
default hereunder, Lessee shall have the right to renew or extend the term of
this Agreement for an additional period of 60 consecutive calendar months,
commencing April 1, 2000, and expiring at 11:59 p.m. on March 31, 2005. As
base rental for the leased premises during any such renewal term, Lessee shall
pay, or cause to be paid, without notice or demand therefor, a monthly sum
obtained by multiplying $15,000 by a fraction, the numerator of which is the
Consumer Price Index for All Urban Consumers (1982-1984 equals 100) relating to
Charlotte, North Carolina as published by the Bureau of Labor Statistics, U.S.
Department of Labor (or if that Index is not available for Charlotte, North
Carolina, then an available index for the metropolitan area geographically
nearest to Charlotte, North Carolina, published by the Bureau or its successors,
or if none, by any other instrumentality of the United States or the State of
North Carolina), (referred to in this Lease as "CPI-U"), for the month of
April, 2000 and the denominator of which is the CPI-U for the month of March,
1995. Notwithstanding anything to the contrary in this Agreement, in no event
shall the monthly base rental be less than the sum of $15,000. Should Lessee
elect to renew and extend the term of this Agreement, Lessee must notify Lessor,
in writing, at least 90 days prior to the expiration of the original term
hereof. In the event Lessee exercises its option to renew, all terms and
conditions of this Agreement, excepting only increased rental, shall continue in
full force and effect.

         4. As additional rental during the original term and any renewal or
extension hereof, Lessee shall pay the total costs of all applicable ad valorem
taxes, insurance premiums, and all required or necessary maintenance to the
leased premises or attributable thereto. Specifically, Lessee, at its sole cost
and expense, shall maintain the leased premises in its present condition and
state of repair, reasonable wear and tear and damage by fire or other casualty,
excepted. Lessee shall further pay all personal property taxes assessed against
its equipment and personal property located upon or within the leased premises.

          5. Lessee, at its sole cost and expense, shall maintain that amount of
 hazard insurance and public liability insurance upon the leased premises as
 Lessor may reasonably require. All of such policies of insurance shall name
 Lessor, together with Lessor's lender, if applicable, as the owner and
 mortgagee, respectively, of the leased premises and as additional insureds, to
 the fullest extent of their insurable interests. All hazard insurance shall be
 at least in the amount of the full replacement value of the

<PAGE>   8

improvements located upon the leased premises. Lessor shall be entitled to
receive and retain, as its property, any and all proceeds paid under such
policies of insurance received on account of damage or destruction to the
improvements located upon the leased premises.

         6. If, during the term of this Lease, the main structure forming a part
of the leased premises is damaged by fire or other casualty to an extent equal
to, or less than, 40% of the then tax appraised value of the said building, as
said value is then determined by the office of Wilkes County Tax Supervisor,
Lessor shall repair said structure with all reasonable efforts, and Lessee
shall be allowed a proportionate reduction of rent during the time the repairs
are being made, excepting (a) if Lessee is able to use and occupy the leased
premises without substantial inconvenience, or (b) if repairs are delayed
because of any act or failure on the part of Lessee. In either of such events,
Lessee shall not be entitled to any reduction of rental. For greater certainty,
the main structure located upon the leased premises is the brick and masonry
building formerly occupied by Thom McAn Manufacturing Company.

         Damage or destruction of only the main structure of the leased premises
by fire in excess of the value stipulated above during the term of this Lease
Agreement shall result in this Lease Agreement being declared void, and all
rights, responsibilities, and duties of the parties, one to the other, for the
unexpired part of the term of this Lease Agreement shall terminate.

         7. If, at any time during the term of this Lease, Lessee shall be
adjudged bankrupt or insolvent by any federal or state court of competent
jurisdiction, or should a receiver be appointed for Lessee or any of its
assets, Lessor may, at its option, immediately declare this Lease terminated and
canceled and take possession of the leased premises.

         8. Lessee may not assign this Lease, or sublet any part or all of the
leased premises, without the express written consent of Lessor, which such
consent will not be unreasonably withheld. Any such permitted assignment or
subletting will not relieve Lessee of its duties and liabilities hereunder.

         9. If the whole, or any part, of the main structure located upon the
leased premises shall be taken or condemned by competent authority in the
exercise of the power of eminent domain, or deeded under threat thereof, this
Lease Agreement shall automatically terminate on the date of such taking and any
prepaid rental hereunder shall be prorated to the date of such taking. Lessor
shall be entitled to receive the entire condemnation award for and on account of
the taking of any portion or all of such real property, in any and every such
event. Should any portion of the leased premises, other than the main structure
located thereon, be taken or condemned by competent authority in the exercise of
the power of eminent domain, or deeded under threat thereof, this Lease

<PAGE>   9

Agreement shall continue in full force and effect, without reduction in the
rental to be paid by Lessee hereunder.

          10. Throughout the entire term hereof, Lessee will indemnify Lessor
and save it harmless from and against any and all claims, actions, demands,
liability, and expense in connection with Lessee's execution and entering into
this Lease Agreement, and loss of life, personal injury, or damage to property
occurring in or about, or arising out of, the leased premises, or occasioned
wholly or in part by any act or omission of Lessee, its agents, licensees,
assignees, sublessees, customers, or employees. In the event Lessor shall be
made a party to any litigation, commenced by or against Lessee, its agents,
licensees, assignees, sublessees, customers, or employees, then Lessee shall
protect and hold Lessor harmless and shall pay all costs, expenses, and
reasonable attorneys' fees incurred or paid by Lessor in connection with such
litigation.

          11. Lessee covenants and agrees that it will maintain, or cause to be
maintained, the leased premises in a good condition and state of repair; that it
will not commit, or allow to be permitted, any unlawful act upon the leased
premises; and, that it will surrender the leased premises and improvements at
the end of the term hereof in at least as good a condition and state of repair,
as the same where in at the inception hereof, reasonable wear and tear and
damage by fire or other casualty excepted.

          12. This Lease is executed and accepted specifically subject to all
lawful governmental zoning, environmental, and water shed ordinances and
regulations, now in force or hereafter adopted which in any manner affect the
use of the leased premises. This Agreement is further subject to those
reservations and applicable restrictions set forth in the deed, hereinabove
referred to.

          13. During the term of this Lease, and any permitted extension or
renewal hereof, Lessor and its agent(s) or other representative(s) shall have
the right to enter upon the leased premises, or any part thereof, at any and
every hour and time for the purpose of examining the same.

          14. Any notices hereunder shall be sent to the respective parties, and
rental hereunder shall be paid by Lessee to Lessor, at the addresses as follow:

                   LESSOR:

                   River Road Properties, Inc.
                   c/o E. Ray Ryder
                   206 Ivy Lane
                   Wilkesboro, NC 28697

<PAGE>   10

                  LESSEE:

                  Tom Thumb Glove Co., Inc.
                  P.O. Drawer 640
                  Wilkesboro, NC 28697

         15. Lessee, upon the payment of rental and the performance of all of
the terms of this Lease, shall have the right to peaceful and quiet possession
of the leased premises, without disturbance or claim by Lessor, or from
any person, firm, or corporation claiming under or through Lessor.

         16. Lessee specifically covenants and agrees that it has fully
inspected the leased premises and improvements, and that it accepts the same in
their present condition, "as is - where is."

         17. Should Lessee default in its payment of rental or in the perf-
ormance of any of the terms of this Lease on its part to be kept and performed,
Lessor, at its option, shall have the right to immediate possession of the
leased premises, together with the right to enter upon the leased premises and
remove Lessee and its personal property therefrom, without resort to any other
person or Court for authority.

         18. This Lease Agreement embodies the entire agreement between the
parties hereto pertaining to the leased premises, and supersedes and replaces
any prior agreements regarding the leased premises. The same shall not be
modified or amended, except in writing duly signed by the parties to be charged
thereby.

         19. The laws of the State of North Carolina shall govern the validity,
interpretation, performance, and enforcement of this Lease Agreement.

         20. All rights, options, and remedies of Lessor contained in this Lease
Agreement shall be construed and held to be cumulative, and no one of them shall
be exclusive of any other. Lessor shall have the right to pursue any one or all
of such remedies or any other remedy or relief that may be provided by law,
whether or not stated in this Lease Agreement. Any waiver by Lessor of Lessee's
breach or failure to perform any of the applicable terms of this Agreement shall
not be deemed to be a waiver of any such future breach or default by Lessee.

<PAGE>   11

     IN WITNESS WHEREOF, the parties have properly executed this Agreement,
under seal and in duplicate originals, one of which being retained by each of
the parties, as of the effective date first hereinabove stated and on the date
set forth in the acknowledgments of the respective parties.

ATTEST:                                LESSOR:

/s/ Steven R. Ryder                    RIVER ROAD PROPERTIES, INC.
---------------------------
__________ Secretary                   By: /s/ Ray Ryder
                                          ----------------------------------
[CORPORATE SEAL]                          President

ATTEST:                                LESSEE:

/s/ Wanda H. Adams                     TOM THUMB GLOVE CO., INC.
---------------------------
__________ Secretary                   By: /s/ Howard E. Plemmons
                                          ----------------------------------
[CORPORATE SEAL]                          ________ President

NORTH CAROLINA

WILKES COUNTY

     I, a Notary Public, certify that Steve Ryder, personally came before me
this day and acknowledged that (s)he is ___________ Secretary of RIVER ROAD
PROPERTIES, INC., a North Carolina corporation, and that by authority duly
given and as the act of the Corporation, the foregoing instrument was signed in
its name by its ___________ President, sealed with its corporate seal and
attested by Steve Ryder as its _________ Secretary.

     Witness my hand and official stamp or seal, this 23rd day of June, 1995.

                               /s/ Paula E. Byrd
                               ---------------------------------
                               NOTARY PUBLIC

My Commission Expires: 10-25-97
                      ----------
<PAGE>   12

NORTH CAROLINA

WILKES COUNTY

     I, a Notary Public, certify that Wanda Adams, personally came before me
this day and acknowledged that (s)he is _____________ Secretary of TOM THUMB
GLOVE CO., INC., a North Carolina corporation, and that by authority duly given
and as the act of the Corporation, the foregoing instrument was signed in its
name by its ___________ President, sealed with its corporate seal and attested
by Wanda Adams as its ___________ Secretary.

     Witness my hand and official stamp or seal, this 23rd day of June, 1995.

                                     /s/ Paula E. Byrd
                                     ------------------------------
                                     NOTARY PUBLIC

My Commission Expires: 10-25-97
                      ----------
<PAGE>   13

EXCISE TAX

NORTH CAROLINA   812.00  Real Estate Excise Tax

RECORDING TIME, BOOK AND PAGE

RICHARD L. WOODRUFF
REGISTER OF DEEDS
WILKES COUNTY, N.C.

'94 SEP 6PM 4:15

------------------------------------------------------------------------------

Tax Lot No.                          Parcel Identifier No.
           -------------------------                      ---------------------
Verified by                 County on the            day of            , 19
           -----------------             ------------       -----------    ----
by
  -----------------------------------------------------------------------------
===============================================================================
Mail after recording to   Grantee
                        -------------------------------------------------------

-------------------------------------------------------------------------------
This instrument was prepared by  H.C. Colvard, Jr., Esq.
                               ------------------------------------------------
Brief description for the Index    17.96 Acres, Wilkesboro Township
===============================================================================
                      NORTH CAROLINA GENERAL WARRANTY DEED

THIS DEED made this    6th   day of   September       19  94   , by and between
                   ----------       -----------------    ------
===============================================================================
               GRANTOR                                       GRANTEE

Thom McAn Manufacturing, Inc.                     River Road Properties, Inc.
                                                  c/o H.C. Colvard, Jr., Esq.
                                                  P.O. Box 1388
                                                  N. Wilkesboro, NC 28659

Enter in appropriate block for each party; name, address, and, if appropriate,
character of entity, e.g. corporation or partnership.
===============================================================================
The designation Grantor and Grantee as used herein shall include said parties,
their heirs, successors, and assigns, and shall include singular, plural,
masculine, feminine or neuter as required by context.

WITNESSETH, that the Grantor, for a valuable consideration paid by the Grantee,
the receipt of which is hereby acknowledged, has and by these presents does
grant, bargain, sell and convey unto the Grantee in fee simple, all that
certain lot or parcel situated in the City of    Wilkesboro    ,    Wilkesboro
                                              ----------------  ---------------
Township,     Wilkes     County, North Carolina and more particularly described
          --------------
as follows:

EXHIBIT A
<PAGE>   14

The foregoing description constitutes a resurvey by Jerry R. Lackey, R.L.S.
L-1430 of the lands described in that prior Deed from Melville Corporation to
Thom McAn Manufacturing Inc. recorded in Book 697, Page 256 in the office of
the Register of Deeds of Wilkes County, North Carolina. It is the specific
intent and covenant of the Grantor to convey only the lands described in said
prior Deed.

The property hereinabove described was acquired by Grantor by Instrument
recorded in              Book 697, Page 256
             -------------------------------------------

A map showing the above described property is recorded in Plat Book ___________
page ___.

TO HAVE AND TO HOLD the aforesaid lot or parcel of land and all privileges and
appurtenances thereto belonging to the Grantee in fee simple.

And the Grantor covenants with the Grantee, that Grantor is seized of the
premises in fee simple, has the right to convey

of all its encumbrances, and that Grantor will warrant and defend the title
against the lawful claims of all persons

Title to the property hereinabove described is subject to the following
exceptions:

     The permitted encumbrances, shown above, together with the standard public
     utility and Department of Transportation easements of record.

     IN WITNESS WHEREOF, the Grantor has hereunder set his hand and seal, or if
corporate, has caused this instrument is to be signed in its corporate name by
the duly authorized officers and its seal to be hereunder affixed by authority
of its Board of Directors, this day and year ???? above written.

                             USE BLACK INK ONLY

Thom McAn Manufacturing, Inc.
------------------------------------    ---------------------------------(SEAL)
         (Corporate Name)

By: /s/ R. S. McGrady                   ---------------------------------(SEAL)
    --------------------------------
               President
---------------                         ---------------------------------(SEAL)

ATTEST:                                 ---------------------------------(SEAL)

   /s/  W. L. Hyatt
   ----------------------------------   ---------------------------------(SEAL)
           Secretary (Corporate Seal)

-------------------------------------   ---------------------------------(SEAL)
         (Corporate Name)

By:                                     ---------------------------------(SEAL)
   ----------------------------------
                       President
   ------------------                   ---------------------------------(SEAL)

ATTEST:
                                        ---------------------------------(SEAL)
--------------------------------------
            Secretary (Corporate Seal)
------------
<PAGE>   15

                                   EXHIBIT B

                           (FLOOR PLAN APPEARS HERE)

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