Security Agreement

Recorded: 2007-12-06 Received: 2007-12-06 Pages: 8

Assignor

ADAMS GOLF IP, L.P.

Executed: 2007-11-13

Assignee

WACHOVIA BANK

5001 LBJ FREEWAY, SUITE 1050, DALLAS, TX, 75244, UNITED STATES

Covered Properties (8)

Golf Club Head

Application: 11/705,159 →

Golf club head

Application: 11/705,097 →

Golf club head

Application: 11/361,008 →

Golf club head with removable rails

Application: 11/260,488 →

Golf Club Head

Application: 10/866,188 →

Set of Iron Type Golf Clubs

Application: 10/420,736 →

Doll That Reacts to the Voice and to Caressing by Laying Down or Sitting Up

Application: 10/003,760 →

Golf Club Head

Application: 29/136,692 →