Vice President, Finance Employment Agreement

EXHIBIT 10.5

[ADAMS GOLF LETTERHEAD]


April 13, 1998


Darl P. Hatfield 601 Liechty Court Heath, Texas 75087


Dear Darl:


I enjoyed the opportunity to visit with you concerning our current search of a senior financial executive. Your past experience with KPMG Peat Markwich LLP has provided you with a strong compliment of financial and administrative skills which match very well with our current needs.


Based on your educational background, interpersonal skills, professional experience and overall executive presence, I am pleased to offer you the position of Senior Vice President, Finance and Administration with Adams Golf.


As the Sr. VP, Finance and Administration, you will report directly to me, the Chief Executive Officer, and will interact across all of our organizational levels. You will be responsible for the establishment and sustained maintenance of financial policies, procedures and practices as well as the financial objectives for Adams, which is experiencing rapid growth and profitability.


Additionally, you have the responsibility for the development of financial plans, analysis, mergers and acquisition analysis and accounting for the Company. You will be responsible for establishing weekly meetings with the senior executive staff to ensure both financial and operational objectives are being achieved. As the Sr. VP, Finance and Administration you will be responsible for maintaining and enhancing the financial liquidity of the Company and negotiating substantial annual capital funding requirements. These responsibilities include all cash management, credit and collections, banking relationships and negotiations and presentations to the investment community.


You will be an employee of Adams Golf Management Corporation, and your compensation will be as follows:


Darl P. Hatfield April 13, 1998 Page 2


Base Monthly Salary: ...