Exhibit 10.25

GUARANTY OF PAYMENT

This GUARANTY OF PAYMENT (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 GOLF CORP., a Delaware corporation ("Guarantor"), in favor of KEYBANK NATIONAL ASSOCIATION ("Lender").

1.Recitals.

ALDILA, INC.,
a Delaware corporation (together with its successors and assigns, "Borrower") 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"). Guarantor desires that Lender grant the financial
accommodations to Borrower as described in the Credit Agreement. Except as specifically defined herein, capitalized terms used herein that are defined in the Credit Agreement shall have their
respective meanings ascribed to them in the Credit Agreement.

Guarantor,
a subsidiary of Borrower whose financing is provided by the Loans, deems it to be in the direct pecuniary and business interests of Guarantor that Borrower obtain from Lender
the Commitment and the Loans provided for in the Credit Agreement.

Guarantor
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 Guarantor guarantee the payment of the Obligations, as hereinafter defined, and this Agreement is being executed and delivered in consideration of Lender entering into the Credit
Agreement and for other valuable consideration.

2.Definitions.    As used in this Agreement, the following terms shall have the following meanings:



3.Guaranty of the Obligations.    Guarantor hereby absolutely and unconditionally guarantees (as a guaranty of
payment and not merely a guaranty of collection) the prompt payment in full of all of the Obligations as and when the respective parts thereof become due and payable. If the Obligations, or any part
thereof, shall not be paid in full when due and payable, Lender, in each case, shall have the right to proceed directly against Guarantor under this Agreement to collect the payment in full of the
Obligations, regardless of whether or not Lender shall have theretofore proceeded or shall then be proceeding against Borrower or any other Obligor or Collateral, if any, or any of the foregoing, it
being understood that Lender, in its sole discretion, may proceed against any Obligor and any Collateral and may exercise each right, power or privilege that Lender may then have, either
simultaneously or separately, and, in any event, at such time or times and as often and in such order as Lender, in its

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sole
discretion, may from time to time deem expedient to collect the payment in full of the Obligations. Guarantor agrees that all payments made by Guarantor under this Agreement shall be made free
and clear of, and without deduction or withholding for or on account of any Taxes or Other Taxes, in accordance with Section 3.2 of the Credit Agreement.

4.Payments Conditional.    Whenever Lender shall credit any payment to the Obligations or any part thereof,
whatever the source or form of payment, the credit shall be conditional as to Guarantor unless and until the payment shall be final and valid as to all the world. Without limiting the generality of
the foregoing, Guarantor agrees that, if any check or other instrument so applied shall be dishonored by the drawer or any party thereto, or if any proceeds of Collateral or payment so applied shall
thereafter be recovered by any trustee in bankruptcy or any other Person, Lender, in each case, may reverse any entry relating thereto on its books and Guarantor shall remain liable therefor, even if
Lender may no longer have in its possession any instrument evidencing the Obligations to which the payment in question was applied.

5.Guarantor's Obligations Absolute and Unconditional.    Regardless of the duration of time, regardless of whether
Borrower may from time to time cease to be indebted to Lender and irrespective of any act, omission or course of dealing whatever on the part of Lender, Guarantor's liabilities and other obligations
under this Agreement shall remain in full effect until the payment in full of the Obligations. Without limiting the generality of the foregoing:



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6.Representations and Warranties.    Guarantor represents and warrants that (a) Guarantor is a duly
organized and validly existing corporation, in good standing under the laws of the state of its incorporation (as referenced in the first paragraph of this Agreement), and is qualified to do business
in each state where a failure to so qualify would have a material adverse effect on Guarantor; (b) Guarantor has legal power and right to execute and deliver this Agreement and to perform and
observe the provisions hereof; (c) the officers executing and delivering this Agreement on behalf of Guarantor have been duly authorized to do so, and this Agreement, when executed, is legal
and binding upon Guarantor in every respect; (d) except for matters described or referenced in the Credit Agreement or any Schedule thereto, no litigation or proceeding is pending or threatened
against Guarantor before any court or any administrative agency that is reasonably expected to have a material adverse effect on Guarantor; (e) Guarantor has received consideration that is the
reasonable equivalent value of the obligations and liabilities that Guarantor has incurred to Lender; (f) Guarantor is not insolvent, as defined in any applicable state or federal statute, nor
will Guarantor be rendered insolvent by the execution and delivery of this Agreement to Lender; (g) Guarantor is not engaged or about to engage in any business or transaction for which the
assets retained by Guarantor are or will be an unreasonably small amount of capital, taking into consideration the obligations to Lender incurred hereunder; and (h) Guarantor does not intend
to, nor does Guarantor reasonably believe that Guarantor will, incur debts beyond Guarantor's ability to pay such debts as they mature.

7.Event of Default; Disability of Obligor.    Without limiting the generality of any of the other provisions
hereof, Guarantor specifically agrees that upon the occurrence and during the continuance of an Event of Default, Lender, in its sole discretion (but subject to the terms of the Credit Agreement), may
declare the unpaid principal balance of and accrued interest on the Obligations to be forthwith due and payable in full without notice. Upon the occurrence of certain Events of Default, the unpaid
principal balance of and accrued interest on the Obligations will become due and payable without any action by Lender. Upon the occurrence of any of the events enumerated in the immediately preceding
sentences, Guarantor shall, upon Lender's demand, whenever made, pay to Lender an amount equal to the then unpaid principal balance of and accrued interest on the Obligations.

8.Waiver of Guarantor's Rights Against Borrower and Collateral.    To the extent permitted by law, Guarantor
hereby waives any claim or other right that Guarantor might now have or hereafter acquire against Borrower or any other Obligor that arises from the existence or performance of Guarantor's liabilities
or other obligations under this Agreement, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution, indemnification, and any right to participate in any claim
or remedy of Lender against Borrower or any Collateral that Lender now has or hereafter acquires, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law,
until such time as the Commitment has been terminated and the Obligations have been repaid in full.

9.Maximum Liability of Guarantor.    Anything in this Agreement to the contrary notwithstanding, in no event shall
the amount of Guarantor's liability hereunder exceed the maximum amount that (after giving effect to the incurring of the obligations hereunder and to any rights to contribution of Guarantor from
other affiliates of Borrower) would not render the rights to payment of Lender hereunder void, voidable or avoidable under any applicable fraudulent transfer law.

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10.Stay of Acceleration.    In the event that acceleration of the time for payment of any of the Obligations is
stayed, upon the insolvency, bankruptcy or reorganization of Borrower, any Obligor, or any other Person, or otherwise, all such amounts shall nonetheless be payable by Guarantor immediately upon
demand by Lender, to the extent not prohibited by law.

11.Notice.    All notices, requests, demands and other communications provided for hereunder shall be in writing
and, if to Guarantor, mailed or delivered to it, addressed to it at the address specified on the signature page of this Agreement, 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 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.

12.Successors and Assigns.    This Agreement shall bind Guarantor and Guarantor's successors and assigns and shall
inure to the benefit of Lender and its successors and assigns, including (without limitation) each holder of any Note evidencing any of the Obligations.

13.Invalidity.    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.Entire Agreement.    This Agreement constitutes the final written expression of all of the terms of this
Agreement, is a complete and exclusive statement of those terms and supersedes all oral representations, negotiations and prior writings, if any, with respect to the subject matter hereof.

15.Relationship of Parties; Setoffs.    The relationship between Guarantor and Lender with respect to this
Agreement is and shall be solely that of debtor and creditor, respectively, and Lender shall have no fiduciary obligation toward Guarantor with respect to this Agreement or the transactions
contemplated hereby. If and to the extent any payment is not made when due hereunder, Lender may setoff and charge from time to time any amount so due against any and all of Guarantor's accounts or
deposits with Lender.

16.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.

17.Governing Law; Submission to Jurisdiction.    The provisions of this Agreement and the respective rights and
duties of Guarantor and Lender hereunder shall be governed by and construed in accordance with Ohio law, without regard to principles of conflict of laws. Guarantor 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 Guarantor 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. Guarantor, 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. Guarantor agrees that a final, nonappealable judgment in any such action or proceeding in any state or federal court in the State of Ohio shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by law.

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

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

|Address: | 14145 Danielson Street, Suite B |  | ALDILA GOLF CORP.
|-------- | ------------------------------- |  | -----------------
|         | Poway, CA 92064                 |  |                  
|         | Attn: Chief Financial Officer   |  | By:              

Signature
Page to
Guaranty of Payment

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