STOCK PLEDGE AGREEMENT
THIS AGREEMENT is dated as of the ________ day of April, 1997 by MEL
STONEBRAKER ("Pledgor"), in favor of DEERE PARK CAPITAL MANAGEMENT, INC., an Illinois
corporation ("Deere Park"), and STEVE KERR (individually, "Secured Party", and, collectively, "Secured
WHEREAS, Coyote Sports, Inc. ("Borrower") has executed certain Secured Promissory Notes (the "Notes"),
pursuant to which Secured Parties contemporaneously with the execution and delivery hereby shall loan funds to
Borrower (the "Loan"); and
WHEREAS, pursuant to a guaranty executed in connection with the Notes ("Guaranty"), Pledgor personally
guaranteed payment of the Loan.
WHEREAS, pursuant to such Guaranty, Pledgor pledged 250 shares of the common stock of Borrower, as
security for repayment of the Loan.
NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, Pledgor hereby agrees as follows:
1. Grant of Security Interest. Pledgor hereby grants to Secured Parties a security interest in 250 shares of the
common stock of Borrower (the "Collateral"), the Collateral representing all of Pledgor's interest in, and twenty-
five percent (25%) of the outstanding capital of, such corporation, and all distributions at any time received or
receivable in respect of or in exchange for such Collateral, whether paid in cash or other property, including
without limitation additional interests issued as dividends or distributions or as a result in any reclassification, split-
up or other reorganization, all monies and replacements or, all substitutions for, and all proceeds, whether upon
sale, collection, transfer, exchange of or other disposition, of all or any of the foregoing, to secure payment of all
of the obligations of Pledgor to each Secured Party now existing or hereafter arising (the "Obligations"), including
without limitation, all obligations under the Notes.
2. Delivery of