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                           RENAISSANCE GOLF PRODUCTS, INC.

                         NON-QUALIFIED STOCK OPTION AGREEMENT

    THIS NON-QUALIFIED STOCK OPTION AGREEMENT, hereinafter referred to as the 
"Option" or the "Agreement," is made as of the   30th day of October 1996, 
between RENAISSANCE GOLF PRODUCTS, INC., a Delaware corporation (hereinafter 
referred to as the "COMPANY"), and Granite Hollow Insurance Agency, a Utah 
Limited Liability Company (the "OPTIONEE"), with offices at 2919 East Granite 
Hollow Street, Sandy, Utah 84092.

    In connection with the placement of 100 Units, consisting of 10% 
Convertible Subordinated Debentures and shares of Common Stock, pursuant to a 
Private Placement Memorandum dated October 31, 1996 (the "Offering"), the 
Board of Directors of the COMPANY hereby grants an option on 1,000,000 shares 
of common stock of the COMPANY ("Common Stock") to the OPTIONEE at the price 
and in all respects subject to the terms, definitions and provisions of the 
Agreement.

    1.  OPTION PRICE.  The option price is $.50 per share.

    2.  EXERCISE OF OPTION.

         2.1  RIGHT TO EXERCISE.  The options shall be exercisable by the
OPTIONEE, his personal representative, or his assignee, in whole or in part in
accordance with the terms of this Agreement and is exercisable from the date
that all 100 Units of the Offering are subscribed until the close of business on
December 31, 2006.

              2.2  METHOD OF EXERCISE.  This Option shall be exercisable by a
written notice which shall:

              (a)  State the election to exercise the Option, the number of
shares in respect of which it is being exercised, the person in whose name  the
shares are to be issued (if the shares are issued to individuals), the names,
addresses and Social Security Numbers of such persons; and

              (b)  Contain such representations and agreements as to the
holder's investment intent with respect to such shares of Common Stock as are
required by law may be satisfactory to the COMPANY's counsel; and

              (c)  Be signed by the person or persons entitled to exercise the
Option and, if the Option is being exercised by any person or persons other than
the OPTIONEE, be accompanied by proof, satisfactory to counsel for the COMPANY,
of the right of such person or persons to exercise the Option; and

              (d)  Be accompanied by a payment for the purchase price of those
shares with respect to which the Option is being exercised in the form of cash
or check.  The certificate or certificates for shares of Common Stock as to
which the Option shall be exercised shall be registered in the name of the
person or persons exercising the Option.

         2.3  RESTRICTIONS ON EXERCISE.  As a condition to his exercise of this
Option, the COMPANY may require the person exercising this Option to comply with
applicable laws or regulations.

         2.4  ALTERNATIVE FORMS OF PAYMENT OF THE PURCHASE PRICE.  In 
addition to payment of the purchase price of those shares with respect to 
which the Option is being exercised in cash, as specified in Section 2.2 (d) 
above, the purchase price of the shares with respect to which the Option is 
being 

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exercised may be paid (i) by forgiveness of indebtedness owed by the COMPANY 
to the OPTIONEE; (ii) by delivery to the COMPANY of shares of Common Stock of 
the COMPANY equal in value, based on the "fair market value" (as hereinafter 
defined), to the exercise price; (iii) by reducing the number of shares to be 
delivered to the OPTIONEE upon exercise of the option by such number of 
shares of Common Stock equal in value, based on the "fair market value" (as 
hereinafter defined), to the exercise price; or (iv) by the delivery, 
concurrently with such exercise, of a properly executed exercise notice for 
the option and irrevocable instructions to a broker promptly to deliver to 
the COMPANY the purchase price for the shares with respect to which the 
Option is being exercised or from the proceeds of a loan being secured by the 
option shares.  The term "fair market value" shall mean the average over the 
previous five trading days of the reported closing sales price on the Nasdaq 
Small Cap Market, the Nasdaq National Market System, or such other national 
securities exchange on which the COMPANY's shares may be traded, or if not 
trading on the Nasdaq Small Cap Market, the Nasdaq National Market System, or 
a national securities exchange, the average of the closing bid and asked 
prices in the over-the-counter market as furnished by any New York Stock 
Exchange member firm selected from time to time by the COMPANY for that 
purpose.

    3.  TRANSFERABILITY OF OPTION.  This Option may be transferred in any
manner by will or the laws of descent or distribution and may be exercised
during the lifetime of the OPTIONEE by an assignee of the OPTIONEE.

    4.  STOCK SUBJECT TO THE OPTION.  The COMPANY shall set aside shares of
Common Stock, which it now holds  as authorized and unissued shares, in an
amount equal to the number of shares which will be issued upon the exercise of
this Option.  If the Option should expire or become unexercisable for any reason
without having been exercised in full, the unpurchased shares which were subject
thereto shall be free from any restrictions occasioned by this Option Agreement.
If the COMPANY has been listed on a stock exchange, the COMPANY will not be
required to issue or deliver any certificate or certificates for shares to be
issued hereunder until such shares have been listed (or authorized for listing
upon official notice of issuance) upon each stock exchange on which outstanding
shares of the same class may then be listed and until the COMPANY has taken such
steps as may, in the opinon of counsel for the CORPORATION, be required by law
and applicable regulations, including the rules and regulations of the
Securities and Exchange Commission, and state blue sky laws and regulations, in
connection with the issuance or sale of such shares, and the listing of such
shares on each such exchange.  The COMPANY will use its best efforts to comply
with any such requirements forthwith upon the exercise of the Option.

    5.  NO ADJUSTMENTS UPON CHANGES IN CAPITALIZATION OR STOCK SPLITS. Neither
the number of shares subject to the Option nor the exercise price shall be
subject to adjustment upon a change in capitalization, stock split, or under any
other circumstances.

    6.  NOTICES.  Each notice relating to this Agreement shall be in writing
and delivered in person or by certified mail to the proper address.  Each notice
shall be deemed to have been given on the date it is received.  Each notice to
the COMPANY shall be addressed to it at its principal office at 5812 Machine
Drive, Huntington Beach, California 92649, or to its then primary business
address, to the attention of the Secretary of the COMPANY.  Each notice to the
OPTIONEE or other person or persons then entitled to exercise the Option shall
be addressed to the OPTIONEE or such other person or persons at the OPTIONEE's
address set forth in the heading of this Agreement.  Anyone to whom a notice may
be given under this Agreement may designate a new address by notice to that
effect.

    7.  BENEFITS OF AGREEMENT.  This Agreement shall inure to the benefit of
and be binding upon each successor of the COMPANY.  All obligations imposed upon
the OPTIONEE and all rights granted to the COMPANY under this Agreement shall be
binding upon the OPTIONEE's heirs, legal representatives, and successors.  This
Agreement shall be the sole and exclusive source of any and all rights which the
OPTIONEE, his heirs, legal representatives, or successors may have in respect to
the Plan or any


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options or Common Stock granted or issued thereunder, whether to him, or
herself, or to any other person.

    8.  RESOLUTION OF DISPUTES.  Any dispute or disagreement which should arise
under, or as a result of, or in any way relate to, the interpretation,
construction or application of this Agreement will be determined by the Board of
Directors of the COMPANY.  Any determination made hereunder shall be final,
binding, and conclusive for all purposes.

    IN WITNESS WHEREOF, the COMPANY and the OPTIONEE have caused this Agreement
to be executed as of the day, month and year first above-written.

THE COMPANY:

RENAISSANCE GOLF PRODUCTS, INC.
a Delaware corporation



By: ________________________________
    John B. Hewlett,
    Chief Executive Officer

(CORPORATE SEAL)


THE OPTIONEE:

PINE VALLEY, LTD.
a Utah Limited Partnership



By:_________________________________
    Its General Partner




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