

                                  EXHIBIT 10.1
                                ----------------



                                 LEASE AGREEMENT


THIS LEASE, made this 25 day of June, 1996, by and between Stone Mountain 
Industrial Park, Inc., a Georgia Corporation, hereinafter referred to as 
"Lessor"; and Simpson Strong-Tie Company, Inc., a California Corporation, 
hereinafter referred to as "Lessee";


                                   WITNESSETH:


Premises
1.  The Lessor, for and in consideration of the rents, covenants, agreements, 
and stipulations hereinafter mentioned, reserved, and contained, to be paid, 
kept and performed by the Lessee, has leased and rented, hereby does lease 
and rent, to the Lessee, and said Lessee hereby agrees to lease and take 
upon the terms and conditions which hereinafter appear, the following 
described property (hereinafter called "Premises"): 

74,587 square foot office/warehouse facility located at 8275 Forshee Drive 
in Westside Industrial Park, Jacksonville, Florida situated in Section 27, 
Township 1 South, Range 25 East, Duval County Florida, being a portion of 
Unit 1, Westside Industrial Park Subdivision as recorded in Plat Book 46, 
page 84A-E of the Public Records of Duval County, Florida, and being more 
particularly described on Exhibit "A" Legal Description and Exhibit "B" 
Building 34 Site Plan attached hereto by this reference and incorporated 
herein.

This Lease is subject to all encumbrances, easements, covenants and 
restrictions of record and to the Declaration of Covenants, Restrictions, 
and Easements for Westside Industrial Park. 

Term
2.  To have and to hold for a term of five (5) years, said term to begin on 
the 15th day of October, 1996 and to end at midnight on the 14th day of 
October, 2001.

Rental
3.  Lessee shall pay to Lessor monthly "Base Rent" of $*(See "Rental 
Schedule" Paragraph 34 of the Addendum to Lease herewith attached and 
incorporated herein) due on the first day of each month, in advance, without 
offset or demand, commencing on October 15, 1996. In the event Lessee fails 
to pay the rent or any other payment called for under this Lease within ten 
(10) days of the time period specified, Lessee shall pay a late charge equal 
to five percent (5%) of the unpaid amount, which late charge shall be paid 
with the required payment. 

<PAGE>
Utility Bills





4.  Lessee shall place utility bills of all types in its name and shall pay 
same, along with all assessments pertaining to the Premises, including, but 
not limited to, water and sewer, natural gas, electricity, fire protection 
and sanitary pick up bills for the Premises, or used by Lessee in connection 
therewith. If Lessee does not pay same, Lessor may pay the same and such 
payment shall be added to and treated as additional rental of the Premises. 
If this Lease is for a multi-tenant building, water and sewer charges shall 
be accounted for as provided in Paragraph 33 herein below.

Mortgagee's Rights
5.  Lessee's rights shall be subject to any bona fide mortgage or deed to 
secure debt which is now, or may hereafter be, placed upon the Premises by 
Lessor, and Lessee agrees to execute and deliver such documentation as may 
be required by any such mortgagee to effect any subordination within ten 
(10) days of receipt of a request for such execution.

Maintenance and Repairs by Lessee
6.  Lessee shall not allow the Premises to fall out of repair or 
deteriorate, and, at Lessee's own expense, Lessee shall keep and maintain 
said Premises, including paving, lawn maintenance and landscaping, in good 
order and repair, except portions of the Premises to be repaired by Lessor 
under terms of Paragraph 7 below. Lessee also agrees to keep all systems 
pertaining to water, fire protection, drainage, sewer, electrical, heating, 
ventilation, air conditioning and lighting in good order and repair, and 
agrees to return same to Lessor at the expiration of this Lease or renewal 
hereof in good operating condition. The Lessee covenants and agrees that 
during the term of this Lease and for such further time as the Lessee, or 
any person claiming under it, shall hold the Premises or any part thereof, 
it shall not cause the estate of the Lessor in said Premises to become 
subject to any lien, charge or encumbrance whatsoever, it being agreed that 
the Lessee shall have no authority, express or implied, to create any lien, 
charge or encumbrance upon the estate of the Lessor in the Premises.

Repairs by Lessor
7.  Lessor agrees to keep in good repair the roof and exterior walls, 
exclusive of painting, exclusive of all glass and exclusive of all exterior 
doors. Lessor gives to Lessee exclusive control of Premises and shall be 
under no obligation to inspect said Premises. Lessee shall promptly notify 
Lessor of any damage covered under this paragraph, and Lessor shall be under 
no duty to repair unless it receives notice of such damage.

Modifications and Alterations to the Premises
8.  No modification or alterations to the building on the Premises or 
openings cut through the roof are allowed without prior written consent of 
Lessor. In the event any such modifications or alterations are performed, 
same shall be completed in accordance with all applicable codes and 
regulations.

Return of Premises
9.  Lessee agrees to return the Premises to Lessor, at the expiration or 
prior termination of this Lease, broom clean and in as good condition and 
repair as when first received, natural wear and tear, damage by storm, fire, 
lightning, earthquake or other casualty alone excepted. Lessee agrees to 
remove its personal property from the Premises at the expiration or prior 
termination of this Lease.

<PAGE>
Destruction of or Damage to Premises
10.  If Premises are totally destroyed by storm, fire, lightning, earthquake 
or other casualty, this Lease shall terminate as of the date of such 
destruction, and rental shall be accounted for as between Lessor and Lessee 
as of that date. If Premises are damaged, but not wholly destroyed by any of 
such casualties, rental shall abate in such proportion as use of Premises 
has been destroyed, and Lessor shall restore Premises to substantially the 
same conditions as before damage as speedily as practicable, whereupon full 
rental shall recommence; provided further, however, that if the damage shall 
be so extensive that the same cannot be reasonably repaired and restored 
within six (6) months from date of the casualty, then either Lessor or 
Lessee may cancel this Lease by giving written notice to the other party 
within thirty (30) days from the date of such casualty. In the event of such 
cancellation, rental shall be apportioned and paid up to the date of such 
casualty.

Indemnity
11.  Lessee agrees to indemnify and save harmless the Lessor against all 
claims for injuries to persons or damages to property by reason of the use 
or occupancy of the Premises, the improvements installed by lessee on the 
Premises or the failure or cessation of services to the Premises, and all 
expenses incurred by Lessor because of such injuries or occupancy, including 
attorneys' fees and court costs.

Governmental Orders
12.  Lessee agrees, at its own expense, to promptly comply with all 
requirements of any legally constituted public authority made necessary by 
reason of Lessee's use or occupancy of Premises or operation of its 
business. Lessor agrees to promptly comply with any such requirements if not 
made necessary by reason of Lessee's occupancy or operation of the Premises. 
It is mutually agreed, however, between Lessor and Lessee, that if in order 
to comply with such requirements, the cost to Lessor or Lessee, as the case 
may be, shall exceed a sum equal to one year's rent (as measured by the year 
in which the requirements arise), then Lessor or Lessee who is obligated to 
comply with such requirements is privileged to terminate this Lease by 
giving written notice of termination to the other party, which termination 
shall become effective sixty (60) days after receipt of such notice, and 
which notice shall eliminate necessity of compliance with such requirement 
by party giving notice unless party receiving such notice of termination 
shall, before termination becomes effective, pay to party giving notice all 
cost of compliance in excess of one year's rent, or secure payment of such 
sum in manner satisfactory to party giving notice. Notwithstanding any 
provisions or limitations in this paragraph to the contrary, Lessee shall be 
responsible for any and all costs and expenses arising from any violations 
of environmental laws or regulations caused by Lessee's activities or 
occupancy of the Premises. Further, Lessee's option to terminate this Lease 
due to the cost of compliance with environmental laws or regulations shall 
only be available to Lessee if the law or regulation in question was enacted 
after the date of this Lease.

<PAGE>
Condemnation
13.  If the whole of the Premises, or such portion thereof as will make 
Premises unusable for the purpose herein leased, shall be condemned by any 
legally constituted authority for any public use or purpose, or sold under 
threat of condemnation, then, in any of said events the term hereby granted 
shall cease from the time when possession or ownership thereof is taken by 
public authorities and rental shall be accounted for as between Lessor and 
Lessee as of that date. Such termination, however, shall be without 
prejudice to the rights of either Lessor or Lessee to recover compensation 
and damage caused by condemnation from the condemnor. It is further 
understood and agreed that neither the Lessee, nor Lessor, shall have any 
rights in any award made to the other by any condemnation.

Assignment
14.  Lessee may not assign this Lease, or any interest thereunder, or sublet 
the Premises in whole or in part without the prior express written consent 
which consent shall not be unreasonably withheld of Lessor and without 
giving prior written notice to Lessor of intent to assign or sublease. 
Subtenants or assignees shall become liable directly to Lessor for all 
obligations of Lessee hereunder, without relieving Lessee's liability. 
Lessee agrees not to assign or sublease Premises to any one who will create 
a nuisance or trespass, nor use the Premises for any illegal purpose; nor in 
violation of any valid regulations of any governmental body; nor in any 
manner to vitiate the insurance. Lessee further agrees that if such 
subtenant or assignee is required to pay a rental amount greater than the 
rental amount required to be paid by Lessee hereunder, then Lessor shall be 
entitled to receive and shall be paid such increased amount. Upon any such 
sublease or assignment, Lessee shall provide Lessor with copies of any and 
all documents pertaining to such sublease or assignment.

<PAGE>
Hazardous Substances
15.  Lessee will not use or suffer the use (by Lessee or other person or 
entity), of the premises as a landfill or as a dump for garbage or refuse, 
or as a site for storage, treatment, or disposal of hazardous wastes, 
hazardous substances, or toxic substances (defined as "hazardous waste" or 
hazardous substance" under Section 1004 of the Federal Conservation and 
Recovery Act, 42 U.S.C. sec. 6801 et seq., or Section 101 of the Comprehensive 
Environmental Responses, Compensation, and Liability Act, 42 U.S.C. sec. 9601 
et seq. or under any other applicable laws); Lessee shall not permit hazardous 
or toxic waste, contaminants, asbestos, oil, radioactive or other material, 
the removal of which is required or the maintenance or storage of which is 
prohibited, regulated, or penalized by any local, state, or federal agency, 
authority, or governmental unit, to be brought onto the Premises or if so 
brought or found located thereon, shall cause the same to be immediately 
removed, unless same complies with all applicable laws, and Lessee's 
obligation to so remove shall survive the termination of this Lease; Lessee 
will not use or suffer the use of the Premises in any manner other than in 
full compliance with all applicable federal, state and local environmental 
laws and regulations; Lessee warrants and represents that it has not 
received any notice from a governmental agency for violation of any 
environmental laws and regulations and, if such notice is received, Lessee 
immediately shall notify Lessor orally and in writing; Lessee shall 
indemnify, defend, and hold Lessor harmless from and against any and all 
costs, damages, and expenses (including, without limitation, environmental 
compliance or response costs, costs for all remedial action and/or damage to 
third parties, attorneys' fees and court costs at both trial and appellate 
levels, and damages for business interruption and any lost profits) 
resulting, directly or indirectly, from any environmental contamination 
caused by Lessee or Lessee's agent, employees or invitee of the Premises or 
any misstatement or misrepresentation of facts concerning the matters 
recited in this paragraph. In addition, at the end of the term of this Lease 
or earlier termination hereof, Lessee, upon a reasonably based request by 
the Lessor, shall cause, at Lessee's expense, an environmental study to be 
conducted of the Premises by a person or firm approved by Lessor to ensure 
that no hazardous wastes, hazardous substances or other such materials have 
been stored, handled, treated or disposed of on the Premises during the term 
of this Lease in violation of any applicable law.

Removal of Fixtures
16.  Lessee may (if not in default hereunder) prior to the expiration of 
this Lease, or any extension hereof, remove all fixtures and equipment which 
Lessee has placed in Premises, provided Lessee repairs all damages to 
Premises caused by such removal. Provided, however, Lessee shall not remove, 
under any circumstances, the following:  heating, ventilating, air 
conditioning, plumbing, electrical and lighting systems and fixtures or dock 
levelers. In the event this Lease is terminated for any reason, any property 
remaining in or upon the Premises may be deemed to become property of the 
Lessor and Lessor may dispose of same as it deems proper with no liability 
to Lessor and no obligation to Lessee.

<PAGE>
Default; Remedies
17.  It is mutually agreed that in the event:  (A) the rent herein reserved 
is not paid at the time and place when and where due and Lessee fails to pay 
said rent within ten (10) days after written demand from Lessor; (B) the 
Premises shall be deserted or vacated; (C) the Lessee shall fail to comply 
with any term, provision, condition, or covenant of this Lease, other than 
the payment of rent, and shall not cure such failure within twenty (20) days 
after notice to the Lessee of such failure to comply; (D) Lessee causes any 
lien to be placed against the Premises and does not cure same within twenty 
(20) days after notice from Lessor to Lessee demanding cure, in any of such 
events, Lessor shall have the option at once, or during continuance of such 
default or condition to do any of the following, in addition to, and not in 
limitation of any other remedy permitted by law or by this Lease:

(1)  Terminate this Lease, in which event Lessee shall immediately surrender 
the Premises to Lessor. Lessee agrees to indemnify Lessor for all loss, 
damage and expense which Lessor may suffer by reason of such termination, 
whether through inability to relet the Premises, through decrease in rent, 
through incurring court costs, actual attorneys' fees or other costs in 
enforcing this provision or otherwise;

(2)  Lessor, as Lessee's agent, without terminating this Lease, may 
terminate Lessee's right of possession, and, at Lessor's option, enter upon 
and rent Premises at the best price obtainable by reasonable effort, without 
advertisement and by private negotiations and for any term Lessor deems 
proper. Lessee shall be liable to Lessor for the deficiency, if any, between 
Lessee's rent hereunder and the price obtained by Lessor on reletting and 
for any damage, actual attorneys' fees or expenses incurred by Lessor in 
enforcing its rights under this provision.

(3)  Lessor also retains the right to apply for and obtain a dispossessory 
action against Lessee and to hold Lessee liable for all costs incident to 
seeking such dispossessory action, including actual attorneys' fees and 
court costs.

Pursuit of any of the foregoing remedies shall not preclude pursuit of any 
other remedies herein provided or any other remedies provided by law. Lessor 
shall have the duty to mitigate any possible damages which may be incurred 
pursuant to any such default by Lessee except in the event Lessee deserts or 
vacates the Premises without prior notification to Lessor. Any notice in 
this provision may be given by Lessor or its attorney.

Entry for Carding, Etc.
18.  Lessor may card Premises "For Lease" or "For Sale" ninety (90) days 
before the termination of this Lease. Lessor may enter the Premises at 
reasonable hours during the term of this Lease to exhibit same to 
prospective purchasers or tenants and to make repairs required of Lessor 
under the terms hereof, or to make repairs to Lessor's adjoining property, 
if any.

Effects of Termination of Lease
19.  No termination of this Lease prior to the normal ending thereof, by 
lapse of time or otherwise, shall affect Lessor's right to collect rent for 
the period prior to termination thereof.

<PAGE>
No Estate in Land
20.  This contract shall create the relationship of landlord and tenant 
between Lessor and Lessee; no estate shall pass out of Lessor; Lessee has 
only a possessory interest, not subject to levy and sale, and not assignable 
by Lessee except as provided in Paragraph 14 above.

Holding Over
21.  If Lessee remains in possession of Premises after expiration of the 
term hereof, with Lessor's acquiescence and without any express agreement of 
parties, Lessee shall be a month-to-month tenant upon all the same terms and 
conditions as contained in this Lease, except that the rental rate shall 
become one and one-half times the amount in effect at the end of said term 
of this Lease; and there shall be no renewal of this Lease by operation of 
law. Such month-to-month tenancy shall only require thirty (30) days notice 
by either party to the other to terminate such tenancy and Lessee's right of 
possession.

Rights Cumulative
22.  All rights, powers and privileges conferred hereunder upon parties 
hereto shall be cumulative but not restrictive to those given by law.

Notices
23.  Any notice given pursuant to this Lease shall be in writing and sent by 
certified mail, return receipt requested, or by reputable overnight courier 
to:

(a)  Lessor in care of Stone Mountain Industrial Park, Inc., 5830 E. Ponce 
DeLeon Avenue, Stone Mountain, Georgia 30083, or such other address as 
Lessor may hereafter designate in writing to Lessee.

(b)  Lessee in care of Simpson Strong-Tie Company, Inc., 1720 Couch Drive, 
McKinney, Texas 75069, or such other address as Lessee may hereafter 
designate in writing to Lessor.

Any notice sent in the manner set forth above shall be deemed sufficiently 
given for all purposes hereunder on the day said notice is deposited in the 
mail or with the courier.

Waiver of Rights
24. No failure of Lessor to exercise any power given Lessor hereunder, or to 
insist upon strict compliance by Lessee with its obligations hereunder, and 
no custom or practice of the parties at variance with the terms hereof shall 
constitute a waiver of Lessor's right to demand exact compliance with the 
terms hereof.

Time of Essence
25.  Time is of the essence in this Lease.

<PAGE>
Definitions
26.  "Lessor" as used in this Lease shall include Lessor, its heirs, 
representatives, assigns, and successors in title to the Premises. "Lessee" 
shall include Lessee, its heirs and representatives, successors, and if this 
Lease shall be validly assigned or sublet, shall include also Lessee's 
assignees or sub-lessees, as to Premises covered by such assignment or 
sublease. "Lessor" and "Lessee" include male and female, singular and 
plural, corporation, partnership or individual, as may fit the particular 
parties.

Exterior Signs
     27.  Lessee is given permission to erect its customary sign used to 
identify itself on the front entrance glass of the Premises provided any such 
sign by Lessee shall be subject to and in conformity with all applicable laws, 
zoning ordinances and building restrictions or covenants of record and must 
be approved by Lessor, based on the scaled drawing provided by Lessee, 
before installation. In the event a sign is erected by Lessee without 
Lessor's consent, Lessor shall have the right to remove said sign and charge 
the cost of such removal to Lessee as additional rent hereunder. Except upon 
prior written consent from Lessor, in no event shall Lessee utilize any 
portable or vehicular signs at the Premises. On or before termination of 
this Lease Lessee shall remove any sign thus erected, and shall repair any 
damage or disfigurement, and close any holes, caused by such removal.

Ad Valorem Taxes
28.  Lessee shall pay to Lessor monthly in advance concurrent with other 
rentals hereunder $ 2,921.00  for ad valorem taxes. Lessor will pay all ad 
valorem taxes and during each year of the Lease Term herein granted, or any 
renewal hereof, Lessee, as additional rent shall reimburse Lessor for all 
sums paid by Lessor for the ad valorem taxes for the Premises in excess of 
the total amount paid by Lessee herein. Upon being notified by Lessor, 
Lessee shall remit such payment within thirty (30) days in the same manner 
as rent. A per diem apportionment shall apply for any year within the Lease 
Term which is less than twelve (12) full months.

Use of Premises and Insurance
29.  (A) Premises shall be used for office, warehousing, manufacturing & 
distribution of Lessee's products purposes. Premises shall not be used for 
any illegal purposes, nor in any manner to create any nuisance or trespass, 
nor in any manner to vitiate the insurance, based on the above purposes for 
which the Premises are leased.

(B) Lessor will carry, at Lessor's expense, "All Risk" Insurance Coverage on 
the Premises in an amount not less than $1,231,859 or the full insurable 
value, whichever is greater. The term "full insurable value" shall mean the 
actual replacement cost, excluding foundation and excavation costs, as 
determined by Lessor. Lessee shall pay to Lessor monthly in advance 
concurrent with other rentals hereunder $171.00 for insurance. Lessor will 
pay all insurance and during each year of the Lease Term herein granted, or 
any renewal hereof, Lessee, as additional rent shall reimburse Lessor for 
all sums paid by Lessor for the insurance for the Premises in excess of the 
total amount paid by Lessee herein. Upon being notified by Lessor, Lessee 
shall remit such payment within thirty (30) days in the same manner as rent. 
A per diem apportionment shall apply for any year within the Lease Term 
which is less than twelve (12) full months.

<PAGE>
(C) Lessee will carry, at Lessee's own expense, insurance coverage on all 
equipment, inventory, fixtures, furniture, appliances and other personal 
property on the Premises.

(D) Lessee shall procure, maintain and keep in full force and effect at all 
times during the term of this Lease and any renewal hereof, comprehensive 
public liability insurance indemnifying Lessor and Lessee against all claims 
and demands for injury to, or death of, persons, or damage to property which 
may be claimed to have occurred upon the Premises in an amount not less than 
$2,000,000.00, per occurrence of coverage for injury (including death) to 
one or more persons attributable to a single occurrence and for property 
damage.

To the full extent permitted by law, Lessor and Lessee each waives all right 
of recovery against the other for, and agrees to release the other from 
liability for, loss or damage to the extent such loss or damage is covered 
by valid and collectible insurance in effect at the time of such loss or 
damage; provided however, that the foregoing release by each party is 
conditioned upon the other party's carrying insurance with the above 
described waiver of subrogation, and if such coverage is not obtained or 
maintained by either party, then the other party's foregoing release shall 
be deemed to be rescinded until such waiver is either obtained or 
reinstated.

All insurance provided for in this Lease shall be effected under enforceable 
policies issued by insurers of recognized responsibility licensed to do 
business in the state where the Premises are located. At least 15 days prior 
to the expiration date of any policy procured by Lessee, the original 
renewal policy for such insurance shall be delivered by the Lessee to the 
Lessor. Within 15 days after the premium on any such policy shall become due 
and payable, the Lessor shall be furnished with satisfactory evidence of its 
payment. The original policy or policies shall be delivered to Lessor at the 
commencement of this Lease.

If the Lessee provides any insurance required by this Lease in the form of a 
blanket policy, the Lessee shall furnish satisfactory proof that such 
blanket policy complies in all respects with the provisions of this Lease, 
and that the coverage thereunder is at least equal to the coverage which 
would be provided under a separate policy covering only the Premises.

If the Lessor so requires, the policies of insurance provided for shall be 
payable to the holder of any mortgage, as the interest of such holder may 
appear, pursuant to a standard mortgagee clause. All such policies shall, to 
the extent obtainable provide that any loss shall be payable to the Lessor 
or to the holder of any mortgage notwithstanding any act or negligence of 
the Lessee which might otherwise result in forfeiture of such insurance. All 
such policies shall, to the extent obtainable, contain an agreement by the 
insurers that such policies shall not be cancelled without at least thirty 
days prior written notice to the Lessor and to the holder of any mortgage to 
whom loss hereunder may be payable.

Additional Charges
30.  In addition to rent, Lessee shall pay monthly in advance concurrent 
with rental payments, all applicable State and Local Sales Tax on all sums 
due under this Lease.

<PAGE>
Radon Gas
31.  Radon is a naturally occurring radioactive gas that, when it has 
accumulated in a building in sufficient quantities, may present health risks 
to persons who are exposed to it over time. Levels of radon that exceed 
federal and state guidelines have been found in buildings in Florida. 
Additional information regarding radon and radon testing may be obtained 
from your county public health unit.

Grounds and Common Area Maintenance
32.  Notwithstanding the provisions of Paragraph 6 herein above, Lessor 
shall provide all material, equipment and labor for exterior landscape and 
grounds maintenance for the Premises including mowing, mulching, weeding, 
fertilizing, insecticiding, pruning, routine replacement of trees and 
shrubbery, and other landscaping, drainage, and irrigation system 
maintenance. Lessor will also provide landscaping and maintenance for right-
of-way areas, and the common irrigation and storm water management systems 
which serve the Premises and Westside Industrial Park ("common area 
maintenance").

Lessee shall pay to Lessor $808.00 monthly in advance concurrent with other 
rentals hereunder and without demand for said services, including Lessee's 
pro-rata share of common area maintenance. Lessor may adjust the monthly fee 
for said service once annually to cover increases in Lessor's actual costs 
for said services, provided however, that Lessor shall give Lessee thirty 
(30) days written notice prior to any such adjustment.

Water and Sewer Bills
33.  The building of which the Premises are a part is served by one water 
meter. Lessor shall be billed by the utility for all water consumed in 
building along with related sewer charges, and Lessor shall promptly pay 
said bills. Lessor shall however, invoice Lessee monthly for Lessee's share 
of such water and sewer charges based on Lessee's portion of the leased 
space in building, and Lessee shall promptly pay said bills. If Lessee's 
consumption of water is increased by "non-domestic" manufacturing, 
processing, or other uses, exclusive of "domestic" uses such as office, 
restroom, drinking fountain, or is increased by "domestic" uses arising from 
occupancy by more than one person per 2000 sq. ft. of leased floor area, 
Lessee's share of water billed shall take such extra uses into account. 
Conversely, if water use by any other occupant of the building is increased 
by such "non-domestic" use or "domestic" uses arising from occupancy 
exceeding one person per 2000 sq. ft. of leased floor area, such other 
occupant's billing shall take such extra use into account. 

     Attached hereto and incorporated herein by reference are the following:

     Addendum to Lease
     Exhibit A - Legal Description
     Exhibit B - Site Plan
     Exhibit C - Building Specifications
     Exhibit D - Floor Plan

     THIS LEASE contains the entire agreement of the parties hereto, and no 
representations, inducements, promises or agreements, oral or otherwise, 
between the parties, not embodied herein, shall be of any force or effect.

<PAGE>
     If any term, covenant or condition of this Lease or the application 
thereof to any person, entity or circumstance shall, to any extent, be 
invalid or unenforceable, the remainder of this Lease, or the application of 
such term, covenant or condition to persons, entities or circumstances other 
than those which or to which used may be held invalid or unenforceable, 
shall not be affected thereby, and each term, covenant or condition of this 
Lease shall be valid and enforceable to the fullest extent permitted by law.

     IN WITNESS WHEREOF, the parties have hereunto set their hands and 
seals, the day and year first above written.


Signed, sealed and delivered            Stone Mountain Industrial 
                                        Park, Inc.
in the presence of:                     A Georgia Corporation

/s/Linda G. Lawson                      By:  /s/Michael G. Kern
- ---------------------------------       ---------------------------------
Witness                                 Title:  Vice President
                                                -------------------------
                                        LESSOR           (Corp. Seal)

Signed, sealed and delivered            Simpson Strong-Tie
in the presence of:                     A California Corporation


/s/Kathleen M. Kuwitzky                 By: /s/Steve Lamson
- ---------------------------------       ---------------------------------
Witness                                 Title:  Chief Financial Officer
                                                -------------------------
(Notary Public - California
     Alameda County)                    LESSEE           (Corp. Seal)


<PAGE>
                         ADDENDUM TO LEASE AGREEMENT
                             DATED  JUNE 25, 1996
            BETWEEN STONE MOUNTAIN INDUSTRIAL PARK, INC. ("LESSOR")
                                     AND
                  SIMPSON STRONG-TIE COMPANY, INC. ("LESSEE")


34.  RENTAL SCHEDULE:  Lessee shall pay to Lessor promptly on the first day 
of each month during the term of this Lease, in advance and without demand or 
offset:

     a)  $10,828.00 for the period from October 15, 1996 through October 31, 
         1996.
     b)  $19,745.00 per month from November 1, 1996 through October 31, 1999.
     c)  $20,930.00 per month from November 1, 1999 through September 30, 2001.
     d)  $ 9,452.00 for the period from October 1, 2001 through October 14, 
         2001.

All such rentals shall be paid to Lessor at the address set out under 
Paragraph 23 "Notices" herein above.

35.  HAZARDOUS SUBSTANCES:  Notwithstanding Paragraph 15 herein above, Lessee 
may use certain paints and solvents incidental to Lessee's normal 
manufacturing operations in compliance with applicable laws and regulations 
(hereinafter "Permitted uses" and Permitted materials"), provided that Lessee 
shall remove and legally dispose of all permitted materials from the Premises, 
at its own expense, at the termination of the Lease and indemnify Lessor, as 
provided herein above, with respect to any permitted uses and materials.

36.  EXPANSION:  If Lessee requires expanded facilities, Lessor will work with 
Lessee in good faith to provide Lessee expanded facilities adjoining the 
Premises under this Lease or elsewhere in Westside Industrial Park upon then 
mutually agreed rentals, terms and conditions. Upon Lessee's commencement of 
rent payments under any lease with Lessor for expanded facilities elsewhere in 
Westside Industrial Park, and Lessee's vacating the Premises under this Lease 
and returning the Premises to Lessor in accordance with Paragraph 9, hereof, 
this Lease shall be mutually canceled, without penalty, by written agreement 
executed at that time.

37.  CANCELLATION OF PRIOR LEASE:  Lessee presently occupies premises owned 
by Lessor at 8100-2 Westside Industrial Drive in Building No. 9, Westside 
Industrial Park, Jacksonville, Florida (the "Prior Premises") under a lease 
with Lessor dated October 8, 1993, (the "Prior Lease"). Effective upon the 
date that Lessee occupies the Premises under this Lease and rental therefore 
commences as provided for in this Lease, the Prior Lease shall be and is 
hereby canceled without penalty and neither Lessee nor Lessor shall have 
any further obligation to the other under the Prior Lease except that:

(a)  Lessee, shall have a thirty-one (31) day period from the date of Lease 
Commencement for the Premises at 8275 Forshee Drive in which it may also 
occupy the Prior Premises for the purpose of "phasing out" of the space. 
Lessee shall not be required to pay any rental for the Prior Premises during 
this period. At the end of said thirty-one (31) day period, Lessee shall 
return the Prior Premises in broom clean condition and in accordance with 
the terms and conditions of the prior Lease.

<PAGE>
(b)  Lessee and Lessor shall promptly "settle accounts" for any amounts 
involved for pro-ration of rent, utility payments due, or other matters as 
may be necessary under the Prior Lease.

The provisions of this Paragraph 40 shall serve as the written agreement 
provided for in Paragraph 36(e) of the Prior Lease.

38.  Earlier Entrance. Lessor agrees that portions of the Premises will be 
made accessible to Lessee as soon as practicable for the purpose of enabling 
Lessee to enter the Premises to install its trade fixtures and equipment, so 
long as such entry will not interfere with completion of construction of the 
Premises. Lessee agrees to indemnify Lessor from and against all cost, damage 
and expense (including reasonable attorneys' fees and expenses) arising from 
Lessee's entry onto the Premises prior to Substantial Completion.

39.  Renewal Option. Provided that Lessee is not in default and has not sublet 
or assigned the Premises, Lessee shall have the option to renew the terms of 
this lease for one five (5) year term under the same terms and conditions as 
provided herein, except that the base rental shall be equal to the market 
rental rate for comparable properties available in the market at the time of 
renewal, provided however the rental rate shall not be less than the rate in 
effect at the end of the original Lease Term. Lessee shall provide Lessor not 
less than one hundred eighty (180) days prior written notice of its commitment 
to renew this Lease.

40.  Sign Monument. As part of the completion of construction of the Premises, 
Lessor will build a brick pump house on which Lessee may affix its logo and 
name as provided under Paragraph 27 herein.

<PAGE>
                                  Exhibit B

            (Utility Plan of building location and dimensions)

<PAGE>
                                  Exhibit C

Simpson Strong-Tie
June 11, 1996

                          WESTSIDE INDUSTRIAL PARK
                  BUILDING SPECIFICATIONS - BUILDING NO. 34
                             SIMPSON STRONG-TIE

GENERAL FACILITY DESCRIPTION

(a)   Location:       Building No. 34, 8275 Forshee Drive, Westside Industrial 
                      Park, Jacksonville, Florida.

(b)   Size & Overall 
       Dimensions:    An approximately 74,587 sq. ft. building including 
                      1,000 sq. ft. of ground floor offices. Overall main 
                      premises dimensions are 362' x 200'. The minimum 
                      ceiling clearance will be 24' and interior column 
                      spacing will be 40' x 40'.

(c)   Office:         Approximately 1,000 sq. ft. office of centrally heated 
                      and air conditioned office area at the front of the 
                      building and one 12' x 15' office at the truck dock to 
                      be built according to a floor plan prepared by 
                      Pattillo. (See Office Area Design & Finishes section 
                      for additional detail).
 
(d)   General
       Conditions:    Cost of design, supervision, permits, fees, meters, 
                      temporary utilities, and other expenses related to 
                      construction are included. This proposal assumes that 
                      all utilities are available on site. All work will be 
                      being performed in a professional manner by Pattillo 
                      Construction Corporation in accordance with the 
                      applicable laws and regulations in effect in Duval 
                      County and the State of Florida. The Premises will be 
                      designed to meet "ADA" guidelines. Special 
                      environmental or other regulatory permits related to 
                      Lessee's particular processes, operations, or 
                      emissions are not included. 

SITE WORK

(a)   Landscape, 
       Drainage, & 
       Irrigation:    All surface water will drain away from the building. 
                      Services of a landscape architect will be provided to 
                      design landscaping for the premises, which will be 
                      installed in accordance with City requirements and 
                      similar to the overall standards provided at Westside 
                      Industrial Park.

<PAGE>
(b)   Automobile 
      Parking:        Twenty three (23) parking spaces paved asphalt. Curb 
                      and gutter will be provided.

(c)   Truck Areas & 
       Access 
       Drives:        The 120' deep truck court area and all drives are to 
                      be paved with 6" of concrete rated at 3,000.

(d)   Curb & Gutter:  Poured with 3,000 PSI concrete 18" x 6".

(e)   Signs & 
       Striping:      Parking areas will receive single line painted 
                      striping and handicap signs.

(f)   UPS Door:       One (1) 40' long "1/2 height" concrete ramp at dock 
                      door. Ramp to provide 24" flat surface for 20'.

(g)   Drive-In Door:  One (1) drive-in door 14' x 16' wide either in west 
                      wall or in new bay.


CONCRETE

(a)   Foundations:    All footings have been designed for 3,000 PSF soil 
                      bearing pressure and will poured with 3,000 PSI 
                      concrete.

(b)   Slab on Grade:

                (1)   Five (5") inch thick 3,000 PSI concrete reinforced 
                      with synthetic fibers. The surface will be steel 
                      trowel finished and floors will be chemically cured 
                      and hardened with "Lapidolith". Subgrade will be 
                      chemically treated for termite protection.

                (2)   Column isolation joint will be non-keyed, diamond or 
                      round formed with asphalt impregnated felt.

                (3)   Expansion joints at slab perimeter with asphalt 
                      impregnated fiberboard, 5/8" thick.

                (4)   Control joints saw cut, 1/4 of slab depth, 1/8" wide, 
                      bisect bays.

                (5)   Construction joints will have smooth dowels every 18" 
                      on center.

(c)   Dock Canopies:  Concrete canopies shall be provided over each truck 
                      door opening.

(d)   Exterior
       Stairways:     Concrete stairways lead from warehouse area to truck 
                      court.

<PAGE>
(e)   Shrink Wrap:    Provide a 56"+ diameter 6"+ deep depressed floor 
                      section near truck dock doors to accept Lessee's 
                      shrink wrap machine and turntable. (Machine and 
                      installation by Lessee). Note: Final dimension to be 
                      coordinated with Lessee.

(f)   Excluded:       Striping and granular fill.


MASONRY

(a)   Exterior 
       Walls:         Exterior walls will be four inch brick (Marietta 
                      Blend)  backed with eight inch (8") concrete block 
                      except for the expansion wall which will be twelve 
                      (12") concrete block.

(b)   Interior 
       Walls:         Interior warehouse/office and demising walls will be 
                      constructed with concrete masonry unit (12" x 8" x 
                      16"). The wall will extend to the roof deck. Walls 
                      will be reinforced at joint 16" on center. Control 
                      joints will be filled with one layer 5/8" thick 
                      asphalt impregnated felt.


STRUCTURAL SYSTEM/METALS

(a)   Structural 
       Steel:         Columns and joists (column spacing 40' x 40') including 
                      perimeter beams at the eave line and wind columns as 
                      required. The structural steel frame will be designed 
                      dead load of 25 lbs. per square foot and a live load 
                      of 20 lbs. per square foot.

(b)   Steel Joists:   Designed for dead load of 25 lbs. per square foot and 
                      live load of 20 lbs. per square foot and Seismic Zone 
                      1. Bridging will be 1" x 1" x 7/67".


MOISTURE PROTECTION

(a)   The roof deck is to be slotted, galvanized steel deck (0.5" deep) 
      covered with a flood coat of lightweight insulating aggregate concrete 
      with 1" polystyrene board embedded in the flood coat along with two 
      inches of additional insulating concrete above the polystyrene board. 
      The insulating concrete will be covered with a 4 ply, smooth surface, 
      fiberglass built-up roof membrane topped with light tan pea gravel. 
      The roof system is designed to provide an "R" Factor of approximately 
      10 as calculated in accordance with the Energy Efficiency Code. 
      Gutters and downspouts are shop cooled galvanized steel, 24 gauge.


DOORS AND WINDOWS

<PAGE>
(a)   Overhead Dock 
       Height Truck 
       Doors:         Twenty three (23) 10' x 10' truck door is a 24 gauge 
                      steel, high lift truck door with 13 gauge angle 
                      mounted track.

(b)   Wood Doors:     Flush, solid core, 36" x 84", 1-3/4" thickness, birch 
                      veneer face, stain grade doors shall be provided for 
                      all interior office spaces.

(c)   Aluminum Entrance Doors and Fixed Glass Frames:

                (1)   Entrance doors shall be narrow style, extruded 
                      aluminum,  with electrostatically applied enamel 
                      finish in color selected by Architect/Engineer.

                (2)   Fixed glass storefront framing system shall be 
                      extruded aluminum sections with electrostatically 
                      applied enamel finish in color selected by 
                      Architect/Engineer. Members shall be installed with 
                      concealed fasteners.

(d)   Glass and Glazing:

                (1)   All exterior glass shall be reflective, 1/4 inch 
                      minimum thickness, double glazed, solar bronze, 
                      insulated. Installation shall be in accordance with 
                      the recommendations of the manufacturers of the glass 
                      and glazing materials.

                (2)   Interior sidelight glass (if any) shall be 1/4 inch 
                      clear glazing.

(e)   Finish Hardware:

                (1)   Locks and latch sets shall be heavy duty cylindrical 
                      case, brushed aluminum finish as manufactured by 
                      Ruswin or equal. Lever handle sets shall be installed 
                      as required by code.

                (2)   Door closures shall be surface mounted.

                (3)   Push, kick, and mop plates shall be stainless or 
                      brushed aluminum.

                (4)   Hinges shall be heavy duty, ball bearing at doors with 
                      closures, oil bearing elsewhere. On exterior hardware 
                      provide non-removable hinge pins.

                (5)   Office area to be keyed separate from warehouse.

<PAGE>
FINISHES

(a)   General:        1,000+ sq. ft. of office area will be constructed at 
                      the front of the Premises and one (1) 12' x 15' office 
                      with air conditioning will be installed at the truck 
                      dock.

(b)   Furring:        The 8" concrete block office/warehouse demising wall 
                      will be furred and finished with 5/8" gypsum board.

(c)   Drywall:        Interior office walls and the temporary expansion wall 
                      shall be constructed as follows:

                (1)   Sheetrock shall be 5/8 inch thickness, tapered edges, 
                      fire rated, where required. Corner beads to be metal 
                      and edge molding J type. Finished height 9' - 0" and 
                      shall be screw applied and finished with a ready 
                      mixed, all purpose joint compound. Fixture walls of 
                      toilet rooms shall receive moisture resistant gypsum 
                      board.

                (2)   Standard metal studs shall be 3-5/8", 26 gauge 
                      electro-galvanized steel, cold rolled C shaped, screw 
                      type, gauge as recommended by the manufacturer for 
                      partition framing. Studs to be  24" on center.

                (3)   Restrooms to have 4" x 4" tile floor to 9' - 0" 
                      ceiling height.

(d)   Floors:

                (1)   Offices:  Carpeting with a $12.50/sq. yd. allowance or 
                      12" x 12" x 1//8" vinyl composition tile as required.

                (2)   Restrooms: 4" x 4" ceramic tile.

                (3)   Production: Sealed concrete floor.

(e)   Ceilings:       Spaces scheduled to receive acoustical tile ceiling 
                      system shall have exposed grid system, 24 inches by 48 
                      inches, non-directional fissured mineral board, 5/8 
                      inch thickness, square edges, exposed steel "T" 
                      runners, white painted finish. Ceiling shall be 
                      insulated with 3-1/2" inch fiberglass batts.

(f)   Warehouse Finishes:

                (1)   The personnel doors and frames will be painted - two 
                      coats.

                (2)   Warehouse walls and structural steel columns and beams 
                      will be painted white.

(g)   Millwork:       Break room area shall be provided with base and/or 
                      wall cabinets per office design.

<PAGE>
SPECIALTIES

(a)   Toilet 
       Partitions:    Plastic laminate (wood particle board core) with 
                      standard polish non-corrosive metal hardware.

(b)   Toilet Room Accessories:

                (1)   Brushed stainless steel toilet room accessories 
                      manufactured by Bobrick or equal shall be provided as 
                      follows:

                (2)   Combination semi-recessed paper towel dispenser and 
                      waste receptacle:  one each toilet room.

                (3)   Framed mirrors:  one each lavatory except where 
                      unframed mirrors are provided, sloped, handicapped 
                      type where required by Southern Building Code.

                (4)   Handicapped grab bars:  one pair each toilet.

                (5)   Soap dispenser:  one (1) each toilet room. 

(c)   Fire Extinguishers:

                (1)   Fire extinguishers shall be provided as required by 
                      Southern Building Code in both the warehouse and 
                      office.

                (2)   All fire extinguishers in finished office areas are to 
                      be located in semi-recessed enameled steel cabinets 
                      with signage.

EQUIPMENT

(a)   Dock
       Levelers:      Install twelve (12) each 6' x 8' mechanical dock 
                      levelers. Rated for 20,000 lbs. by Rite Hite or equal.


PLUMBING

(a)   Service Lines:  A 2" water line with standard 2" meter connection and 
                      6" Schedule 40 PVC sewer line serve the building. All 
                      systems and fixtures will be designed in  accordance 
                      with applicable Florida codes. Domestic water piping 
                      above grade will be copper. Restrooms will be provided 
                      as described under Office  Area Design and Finishes 
                      and will be designed for handicapped accessibility  as 
                      required by code. Surcharges or tap on fees based on 
                      water or sewage effluent quality or quantity are 
                      excluded.

<PAGE>
(b)   Restrooms:      Flush valve wall hung urinals and flush valve floor 
                      mounted toilets will be provided.

(c)   Water Coolers:  Two (2) wall mounted electric stainless steel, top 
                      barrier free electric water cooler is included in the 
                      office area.

(d)   Sinks:

                (1)   Bathroom lavatories to be provided per code for 15 
                      total employees per shift.

                (2)   Break room - single compartment, stainless steel sink 
                      shall be provided in break room vending area.

(e)   Water 
       Closets:       Standard floor mounted, low consumption, flush valve, 
                      open front, elongated bowl, 17" rim height, white, 
                      vitreous china (handicap per code).

(f)   Urinals:        Wall mounted, low consumption, flush valve, white, 
                      vitreous china.

(g)   Water Heater:   Electric, 25 gallon (typical) hot water will be 
                      provided to restrooms and sinks.

(h)   Hose Bib:       Bronze or brass, integral mounting flange.

(I)   Eyewash:        Provide one (1) eyewash and shower station located 
                      near the battery charger area.

FIRE PROTECTION

(a)   Sprinkler
       System:        A complete wet sprinkler system designed and 
                      constructed to provide 0.30 gallons per minute to the 
                      most remote 3,000 square feet in accordance with 
                      N.F.P.A. Standards for a system. System shall include 
                      yard mains, hose hydrants, interior hose stations, 
                      sprinkler heads, and chrome pendant heads will be used 
                      in the finished office area. Office area to have 0.10 
                      gpm per sq. ft. over most remote 3,000 sq. ft. to 
                      Code.

(b)   Fire Hydrants:  Fire hydrants  - will be provided per building code.

(c)   Exclusion:      In-rack sprinkler, foam, etc. have not been provided 
                      for.

HVAC/MECHANICAL

(a)   Natural Gas:    Natural gas supply will be provided to the building 
                      with 2" - 5 psi entrance piping by the gas utility 
                      company.

<PAGE>
(b)   Office Area Heat and Cooling:

                (1)   A complete independent HVAC system shall be provided 
                      for the front office areas.

                (2)   The HVAC system shall be packaged units and mounted on 
                      the roof or split systems with the condensers ground 
                      mounted. The units shall be York, Trane, Carrier or 
                      equal.

                (3)   Air distribution will be by ceiling diffusers and 
                      controls with be electric thermostats.

                (4)   An exhaust fan will be provided for each restroom.

                (5)   The office at truck dock will have one (1) wall 
                      mounted air conditioning unit.

(c)   Warehouse 
       Area Heat:     Suspended gas fired unit heaters will be provided. 
                      Design will maintain 70 degrees fahrenheit at outside 
                      temperature of 29 degrees fahrenheit.

ELECTRICAL

(a)   Main 
       Service:       800 amp, 277/480 volt, three phase 4 wire main service 
                      with dry type transformers serving 120/208 volt loads. 
                      Secondary distribution to panels for lights, office 
                      outlets, office HVAC and other building circuitry 
                      equipment is included. Circuitry for and connection of 
                      Purchaser supplied equipment is not included except as 
                      provided below.

(b)   Emergency
       Lighting:      Facility exits will be clearly marked and the 
                      warehouse and office will have emergency light 
                      fixtures, all according to State and local codes. 
                      Approximately 10% of all fixtures will be quartz 
                      restrike.

(c)   Warehouse
       Lighting:      All warehouse lighting to be metal halide fixtures 
                      suspended between the bar joists and will provide an 
                      average of 30 ft. candles of light. 

(d)   Forklift 
       Disconnect:    Six (6) 480 volt, 30 amp, 3 phase disconnect for 
                      forklifts.

(e)   Shrink Wrap
       Circuit:       Provide one (1) 110 volt, 15 amp separate circuit at 
                      truck dock wall.

<PAGE>
(f)   Exterior 
       Lighting:      Building mounted exterior flood lights will be 
                      installed at the corners of the building and above 
                      truck loading doors. Soffit lighting will highlight 
                      the front entrance. Lighting to provide < - l f.c. and 
                      to be high pressure sodium.

(g)   Dock Lights:    Twelve (12) each 40" swing arm dock lights (location 
                      by Lessee). Lights to be electrified by 110 volt 
                      duplex outlet at each location.

(h)   Offices:

                (1)   Lighting will be 2' x 4' lay in four tube 277 volt 
                      fixtures T8 lamps with electronic ballast.

                (2)   Telephone wire ways include empty outlet boxes and 
                      conduit to above finished ceiling. Telephone and data 
                      systems wiring and equipment are excluded.

                (3)   110 Volt convenience outlets per standard.

(I)   Excluded:       Tenant supplied security and monitoring system.

                                         Exhibit D

                                 (Floor plan of building)
