[Letterhead of CB Commercial]   INDUSTRIAL REAL ESTATE LEASE

                                (MULTI-TENANT FACILITY)

                                CB COMMERCIAL REAL ESTATE GROUP, INC.

                                BROKERAGE AND MANAGEMENT

                                LICENSED REAL ESTATE BROKER



ARTICLE ONE:  BASIC TERMS



         This Article One contains the Basic Terms of this Lease between the

Landlord and Tenant named below. Other Articles, Sections and Paragraphs of the

Lease referred to in this Article One explain and define the Basic Terms and are

to be read in conjunction with the Basic Terms.



         Section 1.01.  Date of Lease:  October 12, 1995



         Section 1.02. Landlord (include legal entity): Cascade Investors, a

California partnership



Address of Landlord:  9912 South Pioneer Blvd., Santa Fe Springs, CA 90670





         Section 1.03. Tenant (include legal entity): Gargoyles, Inc., a

Washington corporation



         Address of Tenant:  5866 South 194th Street, Kent, WA 98032



         Section 1.04. Property: The Property is part of Landlord's multi-tenant

real property development known as 5870 South 194th Street, Kent, WA and

described or depicted in Exhibit "A" (the "Project"). The Project includes the

land, the buildings and all other improvements located on the land, and the

common areas described in Paragraph 4.05(a). The Property is (include street

address, approximate square footage and description) 5870 South 194th Street,

Kent, Washington, consisting of approximately 3,407 square feet.



         Section 1.05. Lease Term: -2- years -0- months beginning on November 1,

1995 or such other date as is specified in this Lease, and ending on October 31,

1997



         Section 1.06. Permitted Uses: (See Article Five) Administrative and

general office use.



         Section 1.07. Tenant's Guarantor: (If none, so state) None



                                        1

                            (Multi-Tenant Gross Form)

{PAGE}   2

         Section 1.08. Brokers: (See Article Fourteen) (If none, so state)

Landlord's Broker: Ed Hogan - CB Commercial Real Estate Group, Inc.

Tenant's Broker: Milt Reimers - CB Commercial Real Estate Group, Inc.



         Section 1.09. Commission Payable to Landlord's Broker: (See Article

Fourteen) $3,679.00



         Section 1.10. Initial Security Deposit: (See Section 3.03) $3,066.30



         Section 1.11. Vehicle Parking Spaces Allocated to Tenant: (See Section

4.05) Twelve (12)



         Section 1.12. Rent and Other Charges Payable by Tenant:



         (a) BASE RENT: Three Thousand Sixty-Six and 30/100 Dollars ($3,066.30)

per month, for the first 24 months, as provided in Section 3.01.



         Section 1.13. Costs and Charges Payable by Landlord: (a) Base Real

Property Taxes (See Section 4.02); (b) Base Insurance Premiums (see Section

4.04(c)); (c) Maintenance and Repair (See Article Six).



         Section 1.14. Landlord's Share of Profit on Assignment or Sublease:

(See Section 9.05) One Hundred percent (100%) of the Profit (the "Landlord's

Share").



         Section 1.15. Riders: The following Riders are attached to and made a

part of this Lease: (if none, so state) Addendum I - Cancellation by Tenant



ARTICLE TWO:  LEASE TERM



         Section 2.01. Lease of Property For Lease Term. Landlord leases the

Property to Tenant and Tenant leases the Property from Landlord for the Lease

Term. The Lease Term is for the period stated in Section 1.05 above and shall

begin and end on the dates specified in Section 1.05 above, unless the beginning

or end of the Lease Term is changed under any provision of this Lease. The

"Commencement Date" shall be the date specified in Section 1.05 above for the

beginning of the Lease Term, unless advanced or delayed under any provision of

this Lease.



         Section 2.02. Delay In Commencement. Landlord shall not be liable to

Tenant if Landlord does not deliver possession of the Property to Tenant on the

Commencement Date. Landlord's non-delivery of the Property to Tenant on that

date shall not affect this Lease or the obligations of Tenant under this Lease

except that the Commencement Date shall be delayed until Landlord delivers

possession of the Property to Tenant and the Lease Term shall be extended for a

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