Exhibit 10.22

THE
CONFIDENTIAL PORTIONS OF THIS EXHIBIT
WHICH HAVE BEEN REMOVED AND REPLACED
WITH AN ASTERISK HAVE BEEN OMITTED
AND FILED SEPARATELY WITH THE SECURITIES
AND EXCHANGE COMMISSION PURSUANT TO
A REQUEST FOR CONFIDENTIAL TREATMENT
UNDER RULE 405 PROMULGATED UNDER
THE SECURITIES ACT OF 1933 AND RULE 24b-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934.

SUPPLY AGREEMENT

THIS SUPPLY AGREEMENT(this "Agreement") is made and entered into
as of this30thday ofNovember2007 (the "Effective
Date"), by and between Aldila Golf Corp., a Delaware corporation ("Purchaser"), and Carbon Fiber Technology LLC, a
Delaware limited liability company ("Supplier").

RECITALS:

A.    During
the period from October 29, 1999, to the Effective Date, (i) Aldila Materials Technology Corp., a Delaware corporation and affiliate of Purchaser
("AMTC") and SGL Carbon Fibers and Composites, Inc., a Nevada corporation ("SGL") each were
owners of a 50% interest in Supplier; and (ii) Supplier supplied carbon fiber products to Purchaser pursuant to the terms of a Supply Agreement dated October 29, 1999 (the
"Original Supply Agreement").

B.    Pursuant
to a Membership Interest Purchase Agreement datedNov. 27, 2007, SGL is acquiring AMTC's 50% ownership
interest in Supplier and AMTC will cease to be a member of Supplier (the "Buy-Out").

C.    In
connection with the consummation of the Buy-Out, Purchaser and Supplier now wish to terminate the Original Supply Agreement and enter into this Agreement.

NOW, THEREFORE, the parties agree as follows:



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Supplier:

Carbon Fiber Technology LLC
1375 Union Road
Evanston, Wyoming 82930With a copy to:

SGL Technologies GmbH
Rheingauerstr 190-196
Building H-287 3rd Floor
65203 Wiesbaden GERMANY
Attn: V.P. & G.M. Carbon Fibers


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and a copy to:

SGL Carbon, LLC
8600 Bill Ficklen Drive (for overnight courier)
Charlotte, North Carolina 28269
P.O. Box 563960 (for certified or registered mail)
Charlotte, North 28256
Attention: General CounselPurchaser:

Aldila Golf Corp.
14145 Danielson St. Ste. B
Poway, California 92064
Attention: Peter R. Mathewson
Telecopy No.: (858) 513-1870With a copy to:

Seltzer Caplan McMahon Vitek
750 B Street, Ste. 2100
San Diego, California 92101
Attention: Andrew D. Brooks, Esq.
Telecopy No.: (619) 702-6853




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(Signatures appear on the following page.)

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IN WITNESS WHEREOF, the parties have executed this Agreement by the signature of their respective, duly authorized corporate officers as of the day and year first
above written.

| |  | CARBON FIBER TECHNOLOGY LLC
| |  | ---------------------------
| |  | By:                        
| |  | Title:                     
| |  | ALDILA GOLF CORP.          
| |  | By:                        
| |  | Title:                     

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EXHIBIT APRODUCTS

Continuous
filament carbon tows.

During
the first Contract Year of the term of this Agreement, such Products will be [*], [*], and/or [*] filament.
During subsequent Contract Years of the term of this Agreement, such Products will be [*] filament if available, otherwise such Products shall be [*]
filament, [*] filament, or [*] filament (in that order of preference) or as otherwise mutually agreed.

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EXHIBIT B-1MATERIAL SPECIFICATION

[*]

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EXHIBIT B-2MATERIAL SPECIFICATION

[*]

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EXHIBIT B-3MATERIAL SPECIFICATION

[*]

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EXHIBIT CFULL COST

[*]

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