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Exhibit 10.27

PLEDGE AGREEMENT
(Borrower)

        This PLEDGE AGREEMENT (as the same may from time to time be amended,
restated or otherwise modified, this "Agreement") is made as of the 8th day of
February, 2008 by ALDILA, INC., a Delaware corporation ("Pledgor"), in favor of
KEYBANK NATIONAL ASSOCIATION ("Lender").

        1.    Recitals.    

        Pledgor is entering into that certain Credit and Security Agreement,
dated as of February 8, 2008, with Lender (as the same may from time to time be
amended, restated or otherwise modified, the "Credit Agreement"). Pledgor
desires that Lender grant the financial accommodations to Pledgor as described
in the Credit Agreement.

        Pledgor understands that Lender is willing to enter into and grant the
financial accommodations provided for in the Credit Agreement only upon certain
terms and conditions, one of which is that Pledgor grant to Lender a security
interest in and an assignment of the Collateral, as hereinafter defined, and
this Agreement is being executed and delivered in consideration of each
financial accommodation granted by Lender and for other valuable consideration.

        2.    Definitions.    Except as specifically defined herein,
(a) capitalized terms used herein that are defined in the Credit Agreement shall
have their respective meanings ascribed to them in the Credit Agreement and
(b) unless otherwise defined in the Credit Agreement, terms that are defined in
the U.C.C. are used herein as so defined. As used in this Agreement, the
following terms shall have the following meanings:

        "Collateral" means, collectively, (a) the Pledged Securities and each
addition, if any, thereto and each substitution, if any, therefor, in whole or
in part, (b) the certificates representing the Pledged Securities, and (c) the
dividends, cash, instruments and other property distributed in respect of and
other proceeds of any of the foregoing.

        "Event of Default" means an event or condition that constitutes an Event
of Default pursuant to Section 7.1 hereof.

        "Obligations" means, collectively, (a) all Indebtedness and other
obligations now owing or hereafter incurred by Pledgor to Lender pursuant to the
Credit Agreement and the other Loan Documents, and includes the principal of and
interest on all Loans; (b) each extension, renewal, consolidation or refinancing
of any of the foregoing, in whole or in part; (c) all interest from time to time
accruing on any of the foregoing, and all fees and other amounts payable by
Pledgor pursuant to the Credit Agreement or any other Loan Document; (d) all
obligations and liabilities of any Company now existing or hereafter incurred to
Lender (or any affiliate of Lender) under, arising out of, or in connection with
any Hedge Agreement; (e) every other liability, now or hereafter owing to Lender
(or any affiliate of Lender) by any Company or Pledgor, and includes, without
limitation, every liability, whether owing by only Pledgor or by Pledgor with
one or more others in a several, joint or joint and several capacity, whether
owing absolutely or contingently, whether created by note, overdraft, guaranty
of payment or other contract or by a quasi-contract, tort, statute or other
operation of law, whether incurred directly to Lender (or such affiliate) or
acquired by Lender (or such affiliate) by purchase, pledge or otherwise and
whether participated to or from Lender (or such affiliate) in whole or in part;
and (f) all Related Expenses.

        "Pledged Securities" means, subject to Section 5 hereof, all of the
shares of stock or other equity interest of each Subsidiary of Pledgor owned by
Pledgor, as listed on the attached Exhibit A, and all additional shares of stock
or other equity interest of each Subsidiary of Pledgor owned by Pledgor from
time to time or acquired by Pledgor in any manner.

        3.    Security Interest.    Pledgor hereby grants to Lender a security
interest in and an assignment of the Collateral as security for the Obligations.
For the better protection of Lender hereunder, Pledgor

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has executed appropriate transfer powers, in the form of the attached Exhibit B,
with respect to the Pledged Securities and, concurrently herewith, is depositing
the Pledged Securities and the aforesaid transfer powers with Lender. Pledgor
authorizes Lender, at any time after the occurrence and during the continuation
of an Event of Default, to transfer the Pledged Securities into the name of
Lender or Lender's nominee, but Lender shall be under no duty to do so.
Notwithstanding any provision or inference herein or elsewhere to the contrary,
Lender shall have no right to vote the Pledged Securities at any time unless and
until there shall have occurred and be continuing an Event of Default.

        4.    Pledgor's Representations and Warranties.    Pledgor hereby
represents and warrants to Lender as follows:

        4.1.    Pledgor is the legal record and beneficial owner of, and has
good and marketable title to, the Pledged Securities, and the Pledged Securities
are not subject to any pledge, lien, mortgage, hypothecation, security interest,
charge, option, warrant or other encumbrance whatsoever, nor to any agreement
purporting to grant to any third party a security interest in the property or
assets of Pledgor that would include such Pledged Securities, except the
security interest created by this Agreement or otherwise securing only Lender.

        4.2.    All of the Pledged Securities have been duly authorized and
validly issued, and are fully paid and non-assessable.

        4.3.    Pledgor has full power, authority and legal right to pledge all
of the Pledged Securities pursuant to the terms of this Agreement.

        4.4.    No consent, license, permit, approval or authorization, filing
or declaration with any Governmental Authority, and no consent of any other
Person, is required to be obtained by Pledgor in connection with the pledge of
the Pledged Securities hereunder, that has not been obtained or made, and is not
in full force and effect.

        4.5.    The pledge, assignment and delivery of the Pledged Securities
hereunder creates a valid first lien on, and a first perfected security interest
in, the Pledged Securities and the proceeds thereof. Other than pursuant to the
Agreement, Pledgor has not granted any other liens on, or security interests in,
the Pledged Securities.

        4.6.    The Pledged Securities constitute (a) sixty-five percent (65%)
of the total combined voting power of all classes of equity interests or stock
of each first-tier Foreign Subsidiary, (b) one hundred percent (100%) of the
non-voting equity interests or stock of each first-tier Foreign Subsidiary of
Pledgor, and (c) one hundred percent (100%) of the outstanding capital stock or
other equity interest owned by Pledgor of each Domestic Subsidiary of Pledgor.

        4.7.    Pledgor has received consideration that is the reasonably
equivalent value of the obligations and liabilities that Pledgor has incurred to
Lender. Pledgor is not insolvent, as defined in any applicable state or federal
statute, nor will Pledgor be rendered insolvent by the execution and delivery of
this Agreement to Lender. Pledgor is not engaged or about to engage in any
business or transaction for which the assets retained by Pledgor are or will be
an unreasonably small amount of capital, taking into consideration the
obligations to Lender incurred hereunder. Pledgor does not intend to incur debts
beyond Pledgor's ability to pay them as they mature.

        4.8.    If the Pledged Securities are "restricted securities" within the
meaning of Rule 144, or any amendment thereof, promulgated under the Securities
Act of 1933, as amended (the "Securities Act"), Pledgor further represents and
warrants that, except as disclosed in writing to Lender, (a) Pledgor has been
the beneficial owner of the Pledged Securities for a period of at least two
years prior to the date hereof, (b) the full purchase price or other
consideration for the Pledged Securities has been paid or given at least three
years prior to the date hereof, and (c) Pledgor does not have a short position
in or any put or other option to dispose of any

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securities of the same class as the Pledged Securities or any other securities
convertible into securities of such class.

        5.    Foreign Subsidiaries.    Notwithstanding anything in this
Agreement to the contrary, Pledgor shall not be required to pledge more than
sixty-five percent (65%) of the total combined voting power of all classes of
equity interests or stock of any first tier Foreign Subsidiary if Pledgor is not
required to do so pursuant to Section 5.20 of the Credit Agreement.

        6.    Additional Covenants of Pledgor.    

        6.1.    Pledgor covenants and agrees to defend the right, title and
security interest of Lender in and to the Pledged Securities and the proceeds
thereof, and to maintain and preserve the lien and security interest provided
for by this Agreement against the claim and demands of all Persons, so long as
this Agreement shall remain in effect.

        6.2.    Except as expressly permitted by the Credit Agreement, Pledgor
covenants and agrees not to sell, assign, transfer, exchange or otherwise
dispose of, or grant any option with respect to, or create, incur or permit to
exist any pledge, lien, mortgage, hypothecation, security interest, charge,
option or any other encumbrance with respect to any of the Pledged Securities,
or any interest therein, or any proceeds thereof, except for the lien and
security interest provided for by this Agreement and any security agreement
securing only Lender.

        6.3.    Pledgor covenants and agrees (a) to cooperate, in good faith,
with Lender and to do or cause to be done all such other acts as may be
necessary to enforce the rights of Lender under this Agreement, (b) not to take
any action, or to fail to take any action that would be adverse to the interest
of Lender in the Collateral and hereunder, and (c) to make any sale or sales of
any portion or all of the Pledged Securities valid and binding and in compliance
with any and all applicable laws, regulations, orders, writs, injunctions,
decrees or awards of any and all courts, arbitrators or governmental
instrumentalities, domestic or foreign, having jurisdiction over any such sale
or sales at Pledgor's expense.

        7.    Events of Default.    

        7.1.    The occurrence of an Event of Default, as defined in the Credit
Agreement, shall constitute an Event of Default hereunder.

        7.2.    Upon the occurrence of an Event of Default hereunder, and at all
times thereafter, Lender, in its discretion, may sell, assign, transfer and
deliver any of the Collateral, at any time, or from time to time. No prior
notice need be given to Pledgor or to any other Person in the case of any sale
of Collateral that Lender determines to be declining speedily in value or that
is customarily sold in any securities exchange, over-the-counter market or other
recognized market, but in any other case Lender shall give Pledgor no fewer than
ten (10) days prior notice of either the time and place of any public sale of
the Collateral or of the time after which any private sale or other intended
disposition thereof is to be made. Pledgor waives advertisement of any such sale
and (except to the extent specifically required by the preceding sentence)
waives notice of any kind in respect of any such sale. At any such public sale,
Lender may purchase the Collateral, or any part thereof, free from any right of
redemption, all of which rights Pledgor hereby waives and releases. After
deducting all Related Expenses, and after paying all claims, if any, secured by
liens having precedence over this Agreement, Lender may apply the net proceeds
of each such sale to or toward the payment of the Obligations, whether or not
then due, in such order and by such division as Lender in its sole discretion
may deem advisable. Any excess, to the extent permitted by law, shall be paid to
Pledgor, and the obligors on the Obligations shall remain liable for any
deficiency. In addition, Lender shall at all times have the right to obtain new
appraisals of Pledgor or the Collateral, the cost of which shall be paid by
Pledgor.

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        8.    Attorney-In-Fact.    Pledgor hereby authorizes and empowers Lender
to make, constitute and appoint any officer or agent of Lender as Lender may
select, in its exclusive discretion, as Pledgor's true and lawful
attorney-in-fact, with the power to endorse Pledgor's name on all applications,
documents, papers and instruments necessary for Lender to take actions with
respect to the Collateral after the occurrence and during the continuation of an
Event of Default, including, without limitation, actions necessary for Lender to
assign, pledge, convey or otherwise transfer title in or dispose of the
Collateral to any Person. Pledgor ratifies all that such attorney shall lawfully
do or cause to be done by virtue hereof. This power of attorney shall be
irrevocable for the life of this Agreement.

        9.    Costs and Expenses.    If Pledgor fails to comply with any of its
obligations hereunder, Lender may do so in the name of Pledgor or Lender, but at
Pledgor's expense, and Pledgor hereby agrees to reimburse Lender in full for all
expenses, including reasonable attorneys' fees, incurred by Lender in
protecting, defending and maintaining the Collateral. Without limiting the
foregoing, any and all reasonable fees, costs and expenses, of whatever kind or
nature, including the attorneys' fees and expenses incurred in connection with
the filing or recording of any documents (including all taxes in connection
therewith) in public offices, the payment or discharge of any taxes, maintenance
fees, encumbrances or otherwise protecting, maintaining or preserving the
Collateral, or in defending or prosecuting any actions or proceedings arising
out of or related to the Collateral, shall be borne and paid by Pledgor upon
request of Lender.

        10.    Notice.    All notices, requests, demands and other
communications provided for hereunder shall be in writing and, if to Pledgor,
mailed or delivered to it, addressed to it at the address specified on the
signature page of this Agreement, and, if to Lender, mailed or delivered to it,
addressed to the address of Lender specified on the signature pages of the
Credit Agreement, or, as to each party, at such other address as shall be
designated by such party in a written notice to each of the other parties. All
notices, statements, requests, demands and other communications provided for
hereunder shall be deemed to be given or made when delivered or two Business
Days after being deposited in the mails with postage prepaid by registered or
certified mail, addressed as aforesaid, or sent by facsimile with telephonic
confirmation of receipt, except that notices pursuant to any of the provisions
hereof shall not be effective until received.

        11.    Interpretation.    Each right, power or privilege specified or
referred to in this Agreement is in addition to any other rights, powers and
privileges that Lender may have or acquire by operation of law, by other
contract or otherwise. No course of dealing in respect of, nor any omission or
delay in the exercise of, any right, power or privilege by Lender shall operate
as a waiver thereof, nor shall any single or partial exercise thereof preclude
any further or other exercise thereof or of any other, as each right, power or
privilege may be exercised by Lender either independently or concurrently with
other rights, powers and privileges and as often and in such order as Lender may
deem expedient. No waiver or consent granted by Lender in respect of this
Agreement shall be binding upon Lender unless specifically granted in writing,
which writing shall be strictly construed.

        12.    Assignment and Successors.    This Agreement shall not be
assigned by Pledgor without the prior written consent of Lender. This Agreement
shall bind the successors and permitted assigns of Pledgor and shall benefit the
successors and assigns of Lender.

        13.    Severability.    If, at any time, one or more provisions of this
Agreement is or becomes invalid, illegal or unenforceable in whole or in part,
the validity, legality and enforceability of the remaining provisions shall not
in any way be affected or impaired thereby.

        14.    Termination.    At such time as the Obligations shall have been
irrevocably paid in full, the Commitment, as defined in the Credit Agreement,
terminated, and the Credit Agreement terminated and not replaced by any other
credit facility with Lender, Pledgor shall have the right to terminate this
Agreement. Upon written request of Pledgor, Lender shall promptly execute and
deliver to Pledgor appropriate releases with respect to the Collateral and
return all of the Pledged Securities to Pledgor.

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        15.    Headings; Execution.    The headings and subheadings used herein
are for convenience of reference only and shall be ignored in interpreting the
provisions of this Agreement. This Agreement may be executed by facsimile
signature, which, when so executed and delivered, shall be deemed to be an
original.

        16.    Governing Law; Submission to Jurisdiction.    The provisions of
this Agreement and the respective rights and duties of Pledgor and Lender
hereunder shall be governed by and construed in accordance with Ohio law,
without regard to principles of conflict of laws. Pledgor hereby irrevocably
submits to the non-exclusive jurisdiction of any Ohio state or federal court
sitting in Cleveland, Ohio, over any action or proceeding arising out of or
relating to this Agreement, any Loan Document or any Related Writing, and
Pledgor hereby irrevocably agrees that all claims in respect of such action or
proceeding may be heard and determined in such Ohio state or federal court.
Pledgor, on behalf of itself and its Subsidiaries, hereby irrevocably waives, to
the fullest extent permitted by law, any objection it may now or hereafter have
to the laying of venue in any such action or proceeding in any such court as
well as any right it may now or hereafter have to remove such action or
proceeding, once commenced, to another court on the grounds of FORUM NON
CONVENIENS or otherwise. Pledgor agrees that a final, nonappealable judgment in
any such action or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by law.

[Remainder of page intentionally left blank.]

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        JURY TRIAL WAIVER.    PLEDGOR AND LENDER, TO THE EXTENT PERMITTED BY
LAW, HEREBY WAIVE ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE,
WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, BETWEEN PLEDGOR AND LENDER,
ARISING OUT OF, IN CONNECTION WITH, RELATED TO, OR INCIDENTAL TO THE
RELATIONSHIP ESTABLISHED BETWEEN THEM IN CONNECTION WITH THIS AGREEMENT OR ANY
NOTE OR OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN
CONNECTION THEREWITH OR THE TRANSACTIONS RELATED THERETO.

        IN WITNESS WHEREOF, the undersigned has executed and delivered this
Pledge Agreement as of the date first set forth above.

Address: 14145 Danielson Street, Suite B   ALDILA, INC.   Poway, CA 92064      
  Attn: Chief Financial Officer   By: Peter R. Mathewson

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Peter R. Mathewson
Chairman, CEO and President

Signature Page to
Pledge Agreement

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EXHIBIT A

PLEDGED SECURITIES

Name of Subsidiary

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  Jurisdiction

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  Shares

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  Certificate
Number

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  Ownership
Percentage

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  Aldila Golf Corp.    DE   10   1   100 %
Aldila Materials Technology Corp. 
 
DE
 
100
 
1
 
100
%

E-1

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EXHIBIT B

FORM OF STOCK TRANSFER POWER

        FOR VALUE RECEIVED,                                                  
hereby sells, assigns and transfers unto
                                                  (                  ) Shares of
the                                                                          
Capital Stock of                                                   standing in
                         name on the books of said corporation and represented
by Certificate No.                    herewith and does hereby irrevocably
constitute and appoint                                                  
attorney to transfer the said stock on the books of the within named corporation
with full power of substitution in the premises.

      ALDILA, INC.
 
 
 
By:
  

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Date:   

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  Name:   

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      Title:   

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E-2

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QuickLinks

Exhibit 10.27

PLEDGE AGREEMENT (Borrower)
EXHIBIT A PLEDGED SECURITIES
EXHIBIT B FORM OF STOCK TRANSFER POWER