This Agreement is effective the 1st day of June, 1997 by and between COYOTE SPORTS, INC., a Nevada
corporation, with its principal offices located at 2291 Arapahoe Avenue, Boulder, Colorado 80302 (hereinafter
the "Company") and JAMES M. PROBST residing at 5455 South Simms Way, Littleton, Colorado 80127
(hereinafter the "Officer").
The Company designs, engineers, manufactures, markets and distributes brand name sports and recreational
products worldwide (the "Business"). The Company desires to secure and retain the services of Officer and such
services are considered by the Company to be valuable with regard to the Business. The Company, through its
Board of Directors, agrees to employ the Officer in the office of Chief Operating Officer of the Company for the
Term, and Officer agrees to accept such employment and office upon the terms and conditions set forth herein.
1. Term. Subject to the provisions for renewal and termination as hereinafter
provided, the term of this Agreement shall commence on June 1, 1997 and terminate on May 31, 2000. This
Agreement will be renewed automatically, upon the same terms and conditions, for successive periods of two
years each, until either party at least sixty days prior to the expiration of the original term or any extended term,
shall give written notice to the other of its intention not to renew such employment. Officer shall remain an
employee during the sixty day notice period. Any election not to renew or to terminate by the Company shall be
effected by a duly adopted resolution of the Company's Board of Directors. Unless otherwise stated, any notice
of nonrenewal shall be treated as a termination without cause. The obligations of the Officer under Sections 9 and
10 shall survive termination or expiration of this Agreement. The obligations of the Company under the
Agreement that by their terms are to be paid or to continue after termination of the Agreement, shall also survive
such termination or expiration.