Exhibit 10.6

                        AGREEMENT TO TERMINATE EMPLOYMENT

     This  Agreement to Terminate  Employment is made as of November 8, 2001, by
and between ROYAL PRECISION, INC., a Delaware corporation  ("Corporation"),  and
ANTHONY J. MONTGOMERY ("Employee").

     WHEREAS,  Corporation  and Employee have  maintained  an  employer-employee
relationship  for a  period  of time  and  they now  desire  to  terminate  that
relationship.  It is also the desire of Corporation and Employee that they enter
into a written agreement in order to establish their respective rights,  duties,
and obligations, resolve all claims and differences that may currently exist, or
that in the future may arise and generally release each other from any claims or
other matters that may not be specifically set forth hereinafter.

     NOW,  THEREFORE,   for  and  in  consideration  of  the  promises  and  the
consideration  more fully set forth  hereinafter,  and  intending  to be legally
bound hereby, Corporation and Employee mutually agree as follows:

     1.  TERMINATION OF EMPLOYMENT  RELATIONSHIP.  The  employment  relationship
shall  terminate  and  cease  November  15,  2001  at  5:00  p.m.  Phoenix  time
("Termination  Date"), and the payment to Employee of any sums, pursuant to this
Agreement, after such termination,  shall be considered wages. Corporation shall
withhold the ordinary  and  customary  federal and state taxes to such extent as
required by law.  Corporation  shall not be  obligated  to pay any other sums to
Employee or to provide  any other  benefits,  after the date of this  Agreement,
except as required by applicable law or regulation or as set forth hereinafter.

     2.  CONSIDERATION.  Corporation shall pay to Employee,  or to his heirs, or
executors,  the sum of $132,154,  without interest,  which shall be payable from
November 23, 2001 through June 2002 (the "Severance  Period").  Payments will be
made according to the second monthly salaried pay cycle as follows:

         DATE                                          AMOUNT
         ----                                          -------
         November                                      $ 6,154
         December                                       20,000
         January                                        20,000
         February                                       20,000
         March                                          20,000
         April                                          20,000
         May                                            20,000
         June                                            6,000

No payments  shall be made,  however,  until this Agreement has been executed by
each party.

     3. EMPLOYMENT  BENEFITS.  Corporation shall be obligated to continue and/or
provide for, or pay,  Employee's  existing health and dental  insurance  through
August 2002,  but shall not be obligated to continue  and/or provide for, or pay
for any life insurance or any other benefits from or after the Termination Date.
Employee  may  have  the  right  to  invoke  the  Consolidated   Omnibus  Budget
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Reconciliation  Act ("COBRA") of 1985, to continue certain  benefits.  The COBRA
period  shall  start  on  September  1,  2002  and  will  extend  for 18  months
thereafter.  If Employee desires to exercise such rights,  he shall  immediately
notify the Employee  Benefits  Coordinator  and/or the  Personnel  Department of
Corporation. A failure to do so may result in a loss of benefits. This Agreement
shall not alter  Employee's  statutory  rights.  Corporation  shall  continue to
reimburse  Employee for expenses incurred in the ordinary course of the business
of  Corporation  prior to the date hereof  pursuant to the  customary and normal
rules for the reimbursement of expenses.

     4.  RETIREMENT  BENEFITS.  No  further  contributions  shall be made to the
benefit  plans of  Corporation  on  behalf  of  Employee;  however,  he shall be
entitled  to  receive  any and all  benefits  that have  vested in him solely as
determined by the terms and  conditions of such plans. A statement of Employee's
account in any such plan in which  Employee  has an account  will be supplied to
Employee upon request.

     5. OPTIONS.  The terms contained in any option  agreement  between Employee
and  Corporation  for all options that have a strike price equal to or less than
the closing  price of the  Company on the date of  execution  of this  Agreement
shall  remain in effect.  The terms  contained in any option  agreement  between
Employee and  Corporation  for all options that have a strike price greater than
the closing  price of the  Company on the date of  execution  of this  Agreement
shall  be  immediately  vested  and  exercisable  with  all  vesting  provisions
eliminated,  and Employee  shall be entitled to exercise all such options during
the option term and any time prior to the expiration date of such options.

     6.  RESIGNATION  OF  OFFICES.  Employee  hereby  tenders,  and  Corporation
accepts,  Employee's  resignation  from any and all offices  that  Employee  may
currently hold with Corporation or any subsidiary of Corporation and any and all
other such positions.

     7. CHOICE OF LAW.  This  Agreement  is executed in and shall be governed by
and construed in accordance with the laws of the State of Arizona  applicable to
contracts to be performed solely in the State of Arizona.

     8. NOTICES.  Materials  required to be delivered to either party  hereunder
shall be delivered as indicated below. Any notice, or other  communication under
this  Agreement  shall be in writing  and shall be  considered  given:  (a) upon
personal  delivery or delivery by  telecopier  (with  confirmation  of completed
delivery  by  sender),  (b) two  business  days after  being  deposited  with an
"overnight"  courier or "express mail" service, or (c) seven business days after
being  mailed by  registered  or  certified  first  class mail,  return  receipt
requested, in each case addressed to the notified party at its address set forth
below (or at such other address as such party may specify by notice to the other
delivered in accordance with this section):

     If to Corporation:                      If to Employee:

     Royal Precision, Inc.                   Anthony J. Montgomery
     535 Migeon Avenue                       9762 E. Palm Ridge Drive
     Torrington, Connecticut  06790          Scottsdale, Arizona  85260
     Attn.: Chairman of the Board            (480) 657-2413
     Telecopier: (860) 489-5454

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     9.  WAIVER  OF CLAIMS  UNDER  THE AGE  DISCRIMINATION  IN  EMPLOYMENT  ACT.
Employee hereby acknowledges that he has been referred to the Age Discrimination
in  Employment  Act  (ADEA  29 USCS  ss.ss.  621 et  seq.)  and the  regulations
promulgated  and  set  forth  at 29 CFR  Part  1625  and  the  Equal  Employment
Opportunity  Commission Complaint Procedures,  32 CFR Part 588. Employee is also
advised he may have  various  rights,  and may have,  after  reviewing  the said
legislation  and  regulations,  certain claims arising under the ADEA.  Employee
hereby knowingly and voluntarily  waives and releases any private rights that he
may  have  under  the  ADEA.  Employee  acknowledges  that  he has  sufficiently
deliberated  the waiver of his rights,  has been  encouraged to consult with his
lawyer prior to signing this Agreement and, thus,  knowingly waives and releases
any private rights that he may have. This waiver of rights is  acknowledged  for
payment of monies or other  benefits  noted  herein.  EMPLOYEE  IS  SPECIFICALLY
ADVISED THAT HE HAS 21 DAYS TO CONSIDER THE TERMS OF THIS WAIVER BEFORE  SIGNING
IT AND IS ENCOURAGED  TO AVAIL HIMSELF OF THIS PERIOD OF TIME.  EMPLOYEE IS ALSO
ADVISED THAT HE MAY REVOKE THIS WAIVER  WITHIN SEVEN DAYS  FOLLOWING THE DATE OF
HIS SIGNING THE WAIVER.

     10.  MUTUAL  UNDERSTANDINGS.  This  Agreement  has been  freely  and fairly
negotiated  by  the  parties  hereto  and  each  party  has  been  provided  the
opportunity to have the Agreement reviewed by legal counsel of his choice and to
modify the terms hereof and,  therefore,  this Agreement  shall be construed and
interpreted without any presumption,  or other rule,  requiring  construction or
interpretation  against the interest of the party  causing this  Agreement to be
drafted.  This Agreement embodies the entire  understanding  between the parties
and supersedes and cancels all prior understandings and agreements, whether oral
or written. There are no other  representations,  agreements,  arrangements,  or
understandings, oral or written, between or among the parties hereto relating to
the  subject  matter  of this  Agreement  that are not fully  expressed  in this
Agreement.  All  modifications to the Agreement must be in writing and signed by
the party against whom enforcement of such modification is sought.

     11. MISCELLANEOUS.

          a. The waiver of any breach of any  provision of this  Agreement  will
not operate or be construed as a waiver of any subsequent  breach of the same or
other provision of this Agreement.

          b. The section  headings of this  Agreement are intended for reference
and may not by themselves  determine the construction or  interpretation of this
Agreement.

          c. If any portion of this  Agreement  is  determined  to be invalid or
unenforceable,  that portion of this  Agreement  will be  adjusted,  rather than
voided, to achieve the intent of the parties under this Agreement.

          d.  EMPLOYEE  ACKNOWLEDGES  THAT  HE  HAS  READ  AND  UNDERSTANDS  THE
FOREGOING  PROVISIONS AND THAT SUCH  PROVISIONS ARE REASONABLE AND  ENFORCEABLE.
EMPLOYEE  ACKNOWLEDGES  THAT HE HAS SIGNED  THIS  AGREEMENT  AS HIS OWN FREE AND
VOLUNTARY ACT, THAT HE ACKNOWLEDGES  THAT THIS IS AN IMPORTANT AND BINDING LEGAL
CONTRACT WHICH SHOULD BE REVIEWED BY EMPLOYEE'S ATTORNEY.

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     IN WITNESS WHEREOF,  and intending to be legally bound hereby,  the parties
hereto have set their hands and seals the day and year first above written.

ROYAL PRECISION, INC.


By: /s/ John C. Lauchnor                     /s/ Anthony J. Montgomery
    -------------------------------          -----------------------------------
    John C. Lauchnor                         Anthony J. Montgomery
    President and Chief Operating Officer

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