|   | (a) | Tangible Personal Property.  All right, title and interest in all tangible personal property owned by the bankruptcy estate including the personal property listed on Schedule B to Debtor’s bankruptcy schedules. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | Intangible Property.  All right, title and interest in all intangible personal property owned by the bankruptcy estate, together with all books, records and like items pertaining to the business, including, without limitation, the business, trademarks, trade names, service marks, all plans and specifications for improvements or to the products and services of the Debtor’s business, all appraisals, engineering and other reports relating to the products and services of the bankruptcy estate, customers lists, catalogues, and other data bases, correspondence with present or prospective customers and suppliers, advertising materials, and telephone exchange numbers identified with the Debtor (collectively, the “Intangible Property”).  Intangible Property includes the estate’s right title and interest in a patent filed with the United States Patent and trademark Office, as Patent No. 5,637,044 dated June 10, 1997 relating to concentric engraving on the putter heads, and any interest the bankruptcy estate has in registered trademarks (including those listed below and the goodwill of the business symbolized by such trademarks), trade dress, trade names, phone numbers and  website.  With respect to any intent-to-use trademark application, the bankruptcy estate transfers all of its right, title and interest in that portion of the business in which the estate has a bona fide intent to use the trademark(s).  As used in this Agreement, Intangible Property shall in all events exclude: (a) any materials containing privileged communications or information about employees, disclosure of which would violate an employee's reasonable expectation of privacy and any other materials which are subject to attorney-client or any other |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   |   | privilege, and (b) any software or other item of intangible property held by bankruptcy estate pursuant to a license or other rejected contract. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------|

| Jurisdiction                    | Registration No. / Application No. | Registration Date /Application Date |
|---------------------------------|------------------------------------|-------------------------------------|
| Benelux Trademark/Design Office | 0778636                            | Nov 22, 2005                        |
| Benelux Trademark/Design Office | 781825                             | Dec 6, 2005                         |
| Canada                          | 687753                             | May 15, 2007                        |
| Canada                          | 687755                             | May 15, 2007                        |
| Canada                          | 687754                             | May 15, 2007                        |
| China                           | 4600194                            | Feb 14, 2008                        |
| European Union                  | 004341517                          | Mar 16, 2005                        |
| European Union                  | 004342581                          | Mar 16, 2005                        |
| Japan                           | 4379873-2                          | Apr 28, 2000                        |
| Japan                           | 2578495-2                          | Sep 30, 1993                        |
| Japan                           | 5134955                            | May 16, 2008                        |
| Japan                           | 4906209                            | Nov 4, 2005                         |
| Japan                           | 5134956                            | May 16, 2008                        |
| Japan                           | 2449300                            | May 8, 2001                         |
| United States                   | 77/340,659                         | Nov 29, 2007                        |
| United States                   | 3886369                            | Dec 7, 2010                         |

|   | (c) | Denver Inventory.  All right, title and interest in inventory, finished goods, work in process, raw materials, spare parts and other material and supplies owned by the bankruptcy estate, including putters, putter heads, accessories, apparel, training aids, components and shafts located at the 7700 Cherry Creek South Drive, Denver, Colorado office space (the “Denver Inventory”). |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | China Inventory.  The Debtor has traditionally obtained inventory from one to three manufacturers located in China (the “China Inventory”).  As of the bankruptcy petition date, the Debtor estimates that Deson Golf Sport Co., Ltd. and Acme Club Company, Ltd., two of these manufacturers, had completed manufacture of approximately twenty thousand putters at invoice costs as shown on the Debtor’s Bankruptcy Schedules.  The invoices for the China Inventory have not been paid.  The Buyer’s rights in the China Inventory will remain subject to paying the invoice cost for actual product delivered directly by the manufacturer.  Trustee makes no representations or warranties of any kind that any or all of the China Inventory can be delivered, or as to the condition of the China Inventory. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | Accounts Receivable.  All right, title and interest in instruments, receivables, accounts receivable and unbilled costs and fees, and all causes of action relating or pertaining thereto owned by the bankruptcy estate (collectively, the “Receivables”). The Receivables may be bad debt or subject to setoff. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | (a) | Cash and Deposit Accounts.  Cash and all cash equivalents and bank accounts; |
|--------|-----|----------------------------------------------------------------------------------------|

|   | (b) | Lease Deposits.  All lease deposits. |
|--------|-----|------------------------------------------------|

|   | (c) | Vehicle.  The 2004 Chevrolet Tahoe 4WD 4 Door. |
|--------|-----|----------------------------------------------------------|

|   | (d) | Leasehold Improvements.  All leasehold improvements unless otherwise assigned with the lease of the office space. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------|

|   | (e) | Tax Refunds.  Any refunds from tax authorities with regards to tax periods prior to the Closing Date; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------|

|   | (f) | Insurance Proceeds.  All insurance proceeds, unearned premiums, claims and causes of action with respect to or arising in connection with (i) any rejected contract which is not assigned to Buyer at the Closing, or (ii) any item of tangible or intangible property not acquired by a buyer at closing; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (g) | Preference and Other Avoidance Claims.  All preference and other avoidance claims and actions of Trustee, including, without limitation, any such claims and actions arising under §§ 544, 547, 548, 549, and 550 of the Bankruptcy Code. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (h) | Corporate Documents.  All of Debtor’s organizational documents and corporate books and records including, without limitation, Debtor’s minute books and stock ledger. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | Final Draw on Credit Facility with Sino Sporting Company, Ltd.  All interests in the final draw amount on the credit facility with Sino Sporting Company, Ltd.  Debtor asserts that the bankruptcy estate’s interest in the final draw is subject to liens in favor of Charlene Ricci, Iona Resources Holdings, Ltd. and Joseph Z. Ornelas. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  DATE:  January 20, 2011.  | /S/ David E. Lewis                                                                                                                                                                 |   |   |
|------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
|                                           | David E. Lewis, in his capacity as Chapter 7 Trustee of the bankruptcy estate of Progear Holdings, Inc., pending in the United States Bankruptcy Court for the District of Colorado, Case No. 10-39213 SBB. |   |   |
|                                           |                                                                                                                                                                                                        |   |   |

|  STATE OF COLORADO   |  )   |   |   |
|-------------------------------------|-----------|--------|--------|
|                                |  )ss |   |   |
|  COUNTY OF BOULDER        |  )   |   |   |

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