0000922423-99-000386 Sample Contracts

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RECITALS
Voting Agreement • March 4th, 1999 • Coyote Sports Inc • Sporting & athletic goods, nec • New York
ROYAL PRECISION, INC. 15170 North Hayden Road Suite 1 Phoenix, Arizona 85260
Coyote Sports Inc • March 4th, 1999 • Sporting & athletic goods, nec

Reference is made to that certain Stockholder Agreement, dated as of May 12, 1997 (the "Stockholder Agreement"), among you, Drew M. Brown, DMB Property Ventures Limited Partnership, Mark N. Sklar, and Bennett Dorrance, Trustee of the Bennett Dorrance Trust dated April 21, 1989, as amended, Christopher A. Johnston, RPJ/JAJ Partners, Ltd., David E. Johnston, Berenson Minella & Company, L.P., Kenneth J. Warren, and Royal Precision, Inc. (f/k/a FM Precision Golf Corp.), a Delaware corporation ("RP"), and to that certain proposed Amendment No. 1 (the "Amendment") to the Stockholders Agreement by and among you, Drew M. Brown, DMB Property Ventures Limited Partnership, Mark N. Sklar, and Bennett Dorrance, Trustee of the Bennett Dorrance Trust dated April 21, 1989, as amended, Christopher A. Johnston, the Richard P. Johnston and Jayne A. Johnston Charitable Remainder Trust #3, David E. Johnston, Berenson Minella & Company, L.P., Kenneth J. Warren, and RP.

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