<PAGE>

                                ESCROW AGREEMENT

     THIS ESCROW AGREEMENT is entered into as of the 1st day of June 1997 by 
and among RENAISSANCE GOLF PRODUCTS, INC., a Delaware corporation (the 
"Company"), the principal optionholders of the Company listed on Attachment 
"A" (collectively referred to as the "Optionholders"), and Bruce H. Haglund 
as Escrow Agent (the "Escrow Agent"), with reference to the following facts:

     A.   The Company's Board of Directors is recommending a 4:1 reverse 
stock split (the "Reverse Split") for approval by the stockholders whereby 
each four shares of Common Stock of the Company would be combined into one 
share of Common Stock.  If approved, all of the issued and outstanding shares 
of Common Stock would be subject to the Reverse Split, including the shares 
of Common Stock issued through the 1996 Confidential Offering Memorandum ( 
the "Financing"). Debenture conversion right prices, conversion prices for 
options granted pursuant to options granted in 1996 ("1996 Options"), and 
shares of Common Stock issuable upon conversion of the Debentures and 1996 
Options are not subject to adjustment in the event of the Reverse Split.

     B.   In conjunction with 1996 Options grants to the new Directors, 
executives, and any parties including the Optionholders, the Optionholders 
agreed to enter into this Escrow Agreement effective in the event of approval 
of the Reverse Split.  Pursuant to this Escrow Agreement, each Optionholder 
will place his 1996 Options granted in conjunction with the Financing, but 
excluding-performance based options (the "Escrow Options") into an escrow 
(the "Escrow") with Bruce H. Haglund, the Secretary of the Company, to hold 
the Escrow Options during the terms of the Optionholder Agreement, subject to 
certain restrictions.

     C.   The Optionholders and the Company are willing to enter into this 
Escrow Agreement and have agreed to be bound by the terms and conditions 
contained herein, and Escrow Agent is willing to enter into this Escrow 
Agreement and to serve as Escrow Agent in accordance with the terms contained 
herein.  

     NOW, THEREFORE, the parties hereto agree as follows:

     1.   ESTABLISHMENT OF ESCROW.

          1.1  Simultaneously with the execution of this Escrow Agreement, 
each of the Optionholders shall deposit with Escrow Agent documentation 
evidencing the number of Escrow Options set forth opposite such 
Optionholder's name on Attachment "A" hereto, such  documentation to evidence 
in the aggregate 4,660,000 Escrow Options.  Such documentation shall be 
registered in the name of each Optionholder and shall have stock powers 
attached thereto duly executed by the respective Optionholders in blank.

          1.2  The Optionholders and the Company hereby undertake to deliver 
or cause to be delivered directly to Escrow Agent certificates representing 
such number of additional securities of the Company as the Optionholders 
shall be entitled to receive with respect to those Escrow Options held in 
escrow hereby by virtue of any stock split, stock dividend, recapitalization, 
reclassification, merger, consolidation, option exercise or similar 
transaction. Certificates representing such additional options or shares 
shall be directly deposited with Escrow Agent, together with stock powers 
pertaining thereto duly executed by each of the Optionholders in black, and 
shall be subject to the Escrow Agreement, and all calculations made hereunder 
shall be adjusted accordingly.  The Escrow Options and shares identified 
pursuant to Sections 1(a) and (b) shall hereinafter collectively be referred 
to and constitute the "Escrow Options."

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          1.3  Escrow Agent is hereby authorized to instruct the Company's 
transfer agent to deliver any Escrow Options to Escrow Agent.

     2.   SATISFACTION OF ESCROW.

          2.1  As soon as practicable after each quarter, Escrow Agent shall 
request a report from the stock transfer agent concerning the sales prices 
reported on the Nasdaq over-the-counter Bulletin Board of the Company's 
common stock during the preceding quarter.

          2.2  Upon receipt of the report from the stock transfer agent, 
Escrow Agent shall furnish copies thereof to each of the Optionholders and 
the Company. 

          2.3  Escrow Agent shall be bound by the following with respect to 
its duty to release the Escrow Options:

               2.3.1     Escrow Options shall be released from the Escrow 
only after the post-reverse-stock split closing price exceeds $1.50 per share 
for 60 consecutive trading days (the "Initial Release Date").

               2.3.2     After the initial Release Date, the aggregate number 
of shares issued upon the exercise of the Escrow Options released from the 
Escrow in any month shall not exceed the greater of 5% of the total Escrow 
Options issued upon the exercise of Escrow Options or 25% of the previous 
month's total trading volume of the Company's shares of Common Stock.

               2.3.3     All Escrow Options shall be subject to release from 
the Escrow after the earlier of the 60th consecutive trading day that the 
post-stock split closing price exceeds $5.00 per share or December 31, 2000 
(the "Final Release Date").

               2.3.4     In the event the Initial Release Date has not 
occurred within two years of the establishment of the Escrow, the Company by 
a majority vote of the directors may permit modification of this Escrow 
Agreement.

     3.   RIGHTS REGARDING ESCROW OPTIONS.

          During the pendency of this Escrow Agreement, the Optionholders 
shall retain full voting rights and full dividend rights with respect to the 
Escrow Options, but shall possess no right to tender or otherwise transfer 
the Escrow Options and if instructions on tender or other transfer thereof 
are received by Escrow Agent, Escrow Agent shall promptly notify the Company 
but shall not take any other action with respect thereto. 

     4.     ADDITIONAL PROVISIONS RELATING TO ESCROW AGENT.
    
          4.1  Escrow Agent's duties hereunder may be altered, amended, modified
or revoked only by a writing signed by all of the parties hereto.

          4.2  Escrow Agent is hereby expressly authorized to disregard any 
and all warnings given by any of the parties hereto or by any other person or 
corporation, excepting only orders or process of courts of law, and are 
hereby expressly authorized to comply with and obey orders, judgments or 
decrees of any court.  In case Escrow Agent obeys or complies with any such 
order, judgment or decree, Escrow Agent shall not be liable to any of the 
parties hereto or to any other person, firm or corporation by reason of such 
compliance, notwithstanding any such order, judgment or decree being 
subsequently reversed, modified, annulled, set aside, vacated or found to 
have been entered without jurisdiction.

                                 Page 2 of Six
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          4.3  Escrow Agent shall not be liable in any respect on account of 
the identity, authority or rights of the parties executing or delivering or 
purporting to execute or deliver this Agreement or any documents or papers 
deposited or called for hereunder.

          4.4  Escrow Agent shall have no duties or responsibilities except 
as expressly provided in this Escrow Agreement and shall neither be obligated 
to recognize nor have any liability or responsibility arising under any other 
agreement to which Escrow Agent is not a party, even through reference 
thereto may be made herein.

          4.5  Escrow Agent shall be entitled to employ such legal counsel 
and other experts as it may deem necessary properly to advise Escrow Agent in 
connection with its obligations hereunder, may rely upon the advice of such 
counsel and may pay such counsel reasonable compensation therefor.

          4.6  If Escrow Agent reasonably requires other or further 
instruments in connection with this Escrow Agreement or obligations in 
respect hereto, the necessary parties hereto shall join in furnishing such 
instruments.

          4.7  It is understood and agreed that should any dispute arise with 
respect to the instructions given Escrow Agent hereunder, Escrow Agent is 
authorized and directed to retain in its possession, without liability to 
anyone, all or any part of the Escrow Options until such dispute shall have 
been settled either by mutual written agreement of the parties concerned or 
by a final order, decree or judgment of a court of competent jurisdiction 
after the time for appeal has expired and no appeal has been perfected, but 
Escrow Agent shall be under no duty whatsoever to institute or defend any 
such proceedings.

          4.8  All reasonable costs, fees and disbursements incurred by 
Escrow Agent in connection with the performance of its duties hereunder shall 
be borne by  the Company.

          4.9  Escrow Agent shall be obligated only for the performance of 
such duties as are specifically set forth herein and may rely and shall be 
protected in relying or refraining from acting on any instrument reasonably 
believed by Escrow Agent to be genuine and to have been signed or presented 
by the proper party or parties.

          4.10 Escrow Agent shall not be liable or responsible for any act he 
may do or omit to do in the exercise of reasonable care, and the Company 
shall indemnify Escrow Agent for, and hold him harmless against, any loss, 
liability, or expense incurred without negligence or bad faith on the part of 
Escrow Agent arising out of or in connection with his acceptance of, or the 
performance of his obligations under, this Escrow Agreement.

          4.11 Upon Escrow Agent's release of all Escrow Options herein, in
accordance with the provisions of this Escrow Agreement, Escrow Agent shall be
discharged from all further obligations hereunder.

          4.12 Optionholders, each on its or his own behalf (i)  waives any
conflict of interest which Bruce H. Haglund may have as a result of his acting
as Escrow Agent hereunder; (ii) acknowledges hereby that they have been urged to
review this Escrow Agreement with independent counsel; (iii)  waives its or his
rights to independent counsel in connection with the actions to be taken
hereunder by Bruce H. Haglund as Escrow Agent; and (iv) approves the appointment
of Bruce H. Haglund as Escrow Agent hereunder.

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     5.     NON-TRANSFERABILITY.

     This Agreement shall not be transferable or assignable by any party, nor 
shall any party's interest herein be transferred or assigned by operation of 
law, and any assignment or attempted assignment, transfer, mortgage, 
hypothecation, or pledge of this Agreement or its interest herein by any 
party, shall be null and void.

     6.     NOTICES.

     All notices, requests, demands and other communications provided for by 
this Agreement shall be in writing and (unless otherwise specifically 
provided herein) shall be deemed to have been given at the time when mailed 
in any general or branch United States Post Office, enclosed in a registered 
or certified postpaid envelope, addressed to the Optionholders in care of the 
Company at its then current business address.

     7.   PARTIAL INVALIDITY.

     If any provision in this Agreement is held by a court of competent 
jurisdiction to be invalid, void, or unenforceable the remaining provisions 
shall nevertheless continue in full force and effect without being impaired 
or invalidated in any way.

     8.   ATTORNEY'S FEES.

     If any action in law or equity, including an action for declaratory 
relief, is brought to enforce or interpret the provisions of this Agreement, 
the prevailing party shall be entitled to reasonable attorney's fees and 
costs, which may be set by the court in the same action or in a separate 
action brought for that purpose, in addition to any other relief to which 
that party may be entitled.

     9.   APPLICABLE LAW AND FORUM.

     This Agreement and any matter connected with the performance thereof 
shall be construed, interpreted, applied and governed in all respects in 
accordance with the laws of the State of California, and California shall be 
the exclusive jurisdiction for any dispute, claim or action arising hereunder 
or related hereto.

     10.       BINDING NATURE.

     This Agreement shall inure to the benefit of and be binding upon the 
parties and their respective predecessors, representatives, successors, 
related or affiliated business entities, heirs, and assigns.

     11.    WAIVER.

     No waiver of any of the provision of this Agreement shall be deemed, or 
shall constitute a waiver of any other provision, whether or not similar, nor 
shall any waiver constitute a continuing waiver.  No waiver shall be binding 
unless executed in writing by the party making the waiver.  

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     IN WITNESS WHEREOF, the parties have executed this Agreement as of 
June 1, 1997.

RENAISSANCE GOLF PRODUCTS, INC.



By:
   --------------------------------------
   Kenneth W. Craig



-----------------------------------------
JOHN B. HEWLETT, INDIVIDUALLY AND FOR
GRANITE HOLLOW INSURANCE AGENCY AND PINE VALLEY LLC.



-----------------------------------------
KENNETH W. CRAIG



-----------------------------------------
CULLEY W. DAVIS



-----------------------------------------
MILES T. DOODY



-----------------------------------------
BRUCE H. HAGLUND



-----------------------------------------
WADE M. MITCHELL



-----------------------------------------
DENNIS L. CROCKETT

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ATTACHMENT "A"



                                     NUMBER      VESTING     EXERCISE
          NAME OF OPTIONHOLDER     OF OPTIONS      DATE        PRICE
          --------------------     ----------      ----        -----
          
          John B. Hewlett           1,000,000    12/31/96      $1.00
          Granite Hollow            1,000,000    12/31/96      $0.50
          Pine Valley, Ltd.           400,000    12/31/96      $0.50
          Dennis L. Crockett          100,000    12/31/96      $0.50
          Culley W. Davis             400,000    12/31/96      $0.50
          Miles T. Doody              360,000    12/31/96      $0.50
          Kenneth W. Craig            300,000    12/31/96      $0.50
          Bruce H. Haglund            750,000    12/31/96      $0.50
          Wade B. Mitchell            200,000    12/31/96      $0.50
                                      150,000    12/31/96      $1.00
          
          Total Options             4,660,000

                                 Page 6 of Six