PATENT SECURITY AGREEMENT

Exhibit 10.60

PATENT SECURITY AGREEMENT

     Patent Security Agreement, dated as of November 30, 2007, by Smith & Wesson Corp., a Delaware corporation, Thompson/Center Arms Company, Inc., a New Hampshire corporation, and Bear Lake Holdings, Inc., a Delaware corporation (collectively, the “Pledgors”), in favor of Toronto Dominion (Texas) LLC, in its capacity as Administrative Agent pursuant to the Credit Agreement (in such capacity, the “Administrative Agent”).

WITNESSETH:

     WHEREAS, the Pledgors are party to a Pledge and Security Agreement, dated as of November 30, 2007 (as amended, restated, supplemented or otherwise modified from time to time, the “Security Agreement”) in favor of the Administrative Agent pursuant to which the Pledgors are required to execute and deliver this Patent Security Agreement;

     NOW, THEREFORE, in consideration of the premises and to induce the Administrative Agent, for the benefit of the Secured Parties, to enter into the Credit Agreement, the Pledgors hereby agree with the Administrative Agent as follows:

     SECTION 1. Defined Terms. Unless otherwise defined herein, terms defined in the Security Agreement and used herein have the meaning given to them in the Security Agreement.

     SECTION 2. Confirmation of Grant of Security Interest in Patent Collateral. The Pledgors hereby confirm the grant to the Administrative Agent for the benefit of the Secured Parties in the Security Agreement of a lien on and security interest in and to all of their right, title and interest in, to and under all the following Pledged Collateral of the Pledgors:

     (a) Patents of the Pledgors, including but not limited to the Patents listed on Schedule A attached hereto, in each case whether now owned or existing or hereafter acquired or arising and wherever located; and

     (b) all Proceeds of any and all of the foregoing (other than Excluded Property).

     SECTION 3. Security Agreement. The Pledgors hereby acknowledge and affirm that the rights and remedies of the Administrative Agent with respect to the security interest in the Patents confirmed hereby are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Patent Security Agreement is deemed to conflict with the Security Agreement, the provisions of the Security Agreement shall control unless the Administrative Agent shall otherwise determine.

     SECTION 4. Termination. Upon the payment in full of the Obligations (other than contingent indemnification obligations) and automatic termination of the Security Agreement, the Administrative Agent shall execute, acknowledge, and deliver to the Pledgors an instrument in writing in recordable form evidencing the release of the collateral pledge, grant, assignment,

lien and security interest in the Patents under the Security Agreement and this Patent Security Agreement.

     SECTION 5. Counterparts. This Patent Security Agreement may be executed in any number of counterparts, all of which shall constitute one and the same instrument, and any party hereto may execute this Patent Security Agreement by signing and delivering one or more counterparts.

[Signature Page Follows]

[Signature Page to Smith & Wesson Corp. Patent Security Agreement]

     IN WITNESS WHEREOF, the Pledgors have caused this Patent Security Agreement to be executed and delivered by its duly authorized offer as of the date first set forth above.

SCHEDULE A
PATENTS

Registered Patents

				REGISTRATION				REGISTRATION
HOLDER		PATENT		NUMBER				DATE
Smith & Wesson Corp.		Handgun			D359098			6/6/95
Smith & Wesson Corp.		Rear sight for a handgun			D352087			11/1/94
Smith & Wesson Corp.		Pistol grip			D325953			5/5/92
Smith & Wesson Corp.		Handgun			D377513			1/21/97
Smith & Wesson Corp.		Two-piece trigger			D371591			7/9/96
Smith & Wesson Corp.		Magazine butt plate			D362044			9/5/95
Smith & Wesson Corp.		Reversible magazine catch mechanism for handguns			4899476			2/13/90
Smith & Wesson Corp.		Retainer for revolver yoke stud			4934081			6/19/90
Smith & Wesson Corp.		Integral grip construction for handguns			4936036			6/26/90
Smith & Wesson Corp.		Decocking mechanism for a semi-automatic firearm			5086579			2/1//92
Smith & Wesson Corp.		Fail safe stop for a drill press control device			5127775			7/7/92
Smith & Wesson Corp.		Hinged handcuffs			5205142			4/27/93
Smith & Wesson Corp.		Square extractor for the removal of cartridge cases from the chambers of a revolver			5218148			6/8/93
Smith & Wesson Corp.		Fire control mechanism for semi-automatic pistols			5386659			2/7/95
Smith & Wesson Corp.		Safety trigger for a firearm			5402593			4/4/95
Smith & Wesson Corp.		Butt plate assembly for handgun magazines			5438783			8/8/95
Smith & Wesson Corp.		Magazine safety			5438784			8/8/95
Smith & Wesson Corp.		Magazine cartridge guide			5615505			4/1/97
Smith & Wesson Corp.		Semi-automatic pistol			5717156			2/10/98
Smith & Wesson Corp.		Firearm having chamber status indicator and firearm retrofitting method			6161322			12/19/00
Smith & Wesson Corp.		Biometrically activated lock and enablement system			6260300			7/17/01
Smith & Wesson Corp.		Firearm frame and barrel assembly, method of assembling and assembly tool			6266908			7/31/01
Smith & Wesson Corp.		Process for treating metal workpieces			6267825			7/31/01

				REGISTRATION				REGISTRATION
HOLDER		PATENT		NUMBER				DATE
Smith & Wesson Corp.		Firing control system for non-impact fired ammunition			6286241			9/11/01
Smith & Wesson Corp.		A security apparatus for a firearm			6286242			9/11/01
Smith & Wesson Corp.		Firearm having an intelligent controller			6321478			11/27/01
Smith & Wesson Corp.		Blast shield apparatus and method of assembly for a revolver			6330761			12/18/01
Smith & Wesson Corp.		Backstrap module for a firearm			6345461			2/12/02
Smith & Wesson Corp.		Firing mechanism for use in a firearm having an electronic firing probe for discharging non-impact fired ammunition			6345462			2/12/02
Smith & Wesson Corp.		Authorization module for activating a firearm and method of using same			6357156			3/19/02
Smith & Wesson Corp.		Firing control system for non-impact fired ammunition			6357157			3/19/02
Smith & Wesson Corp.		Security apparatus for authorizing use of a non-impact firearm			6360468			3/26/02
Smith & Wesson Corp.		An electronically fired revolver utilizing percussively actuated cartridges			6360469			3/26/02
Smith & Wesson Corp.		Firing probe for use in a non-impact firearm			6360470			3/26/02
Smith & Wesson Corp.		Ammunition magazine for use in a firearm adapted for firing non-impact detonated cartridges			6370806			4/16/02
Smith & Wesson Corp.		Firing pin block for pistol			6374526			4/23/02
Smith & Wesson Corp.		A modular firearm and method for making the same			6393751			5/28/02
Smith & Wesson Corp.		Electric firing probe for detonating electrically-fired ammunition in a firearm			6397508			6/4/02
Smith & Wesson Corp.		Slide assembly for a firearm			6405473			6/18/02
Smith & Wesson Corp.		Electronic sight assembly for use with a firearm			6412208			7/2/02
Smith & Wesson Corp.		A security apparatus for use in a firearm			6421944			7/23/02
Smith & Wesson Corp.		A trigger assembly for use in a firearm having a security apparatus			6425199			7/30/02

				REGISTRATION				REGISTRATION
HOLDER		PATENT		NUMBER				DATE
Smith & Wesson Corp.		Method of assembling a firearm having a security apparatus			6430860			8/13/02
Smith & Wesson Corp.		Backstrap module configured to receive components and circuitry of a firearm capable of firing non-impact fired ammunition			6434875			8/20/02
Smith & Wesson Corp.		Magazine safety			6457271			10/1/02
Smith & Wesson Corp.		Firearm having chamber status indicator and firearm retrofitting method			6493977			12/17/02
Smith & Wesson Corp.		Magazine safety			6519887			2/18/03
Smith & Wesson Corp.		Revolver-safety lock mechanism			6523294			2/25/03
Smith & Wesson Corp.		Backstrap assembly for an electronic firearm			6523296			2/25/03
Smith & Wesson Corp.		Scandium containing aluminum alloy firearm			6557289			5/6/03
Smith & Wesson Corp.		Electronically fired revolver utilizing a latch mechanism between trigger and hammer to implement firing			6571502			6/3/03
Smith & Wesson Corp.		Firearm frame and barrel assembly			6574898			6/10/03
Smith & Wesson Corp.		Firearm having chamber status indicator and firearm retrofitting method			6622411			9/23/03
Smith & Wesson Corp.		Scandium containing aluminum alloy firearm			6711819			3/30/04
Smith & Wesson Corp.		Firearm including biometric skin sensor			6711843			3/30/04
Smith & Wesson Corp.		Apparatus and method for removing the slide of a semi-automatic pistol			6865979			3/15/05
Smith & Wesson Corp.		Compact locking block for semi-automatic pistols			6993864			2/7/06
Smith & Wesson Corp.		Cylinder retaining mechanism			7059075			6/13/06
Smith & Wesson Corp.		Magazine and slide lever assembly for a semi-automatic firearm			7069683			7/4/06
Smith & Wesson Corp.		Apparatus and method for removing the slide of a semi-automatic pistol			7140141			11/28/06
Smith & Wesson Corp.		Double locking handcuffs			7251964			08/07/07
Smith & Wesson Corp.		Firing mechanism for semi-automatic pistols			7194833			03/27/07
Smith & Wesson Corp.		Rimfire extractor for a revolver			7263795			09/04/07

				REGISTRATION				REGISTRATION
HOLDER		PATENT		NUMBER				DATE
Smith & Wesson Corp.		Revolver for firing high velocity ammunition			7254913			08/14/07
Smith & Wesson Corp.		Blast Shield Apparatus and Method of Assembly for a Revolver			6330761			12/18/01
Bear Lake Holdings, Inc.		Hammer Block Device			4854065			08/08/89
Bear Lake Holdings, Inc.		Fire Control Mechanism for a Firearm			5615507			04/01/97
Bear Lake Holdings, Inc.		Barrel for Muzzle Loading Firearm			5639981			06/17/97
Bear Lake Holdings, Inc.		Fire Control System for Firearms			5680722			10/28/97
Bear Lake Holdings, Inc.		Barrel for Muzzle Loading Firearm			5782030			07/21/98
Bear Lake Holdings, Inc.		Ignition Assembly for Muzzle Loading Firearm			5907920			06/01/99
Bear Lake Holdings, Inc.		Breech Plug for Muzzle Loading Firearm			6219951			04/24/01
Bear Lake Holdings, Inc.		Breech Plug for Muzzle Loading Firearm			6532692			03/18/03
Bear Lake Holdings, Inc.		Lever-Operated Breechlock for Muzzle-Loading Firearm			6604311			08/12/03
Thompson Center Arms Company, Inc.		Ramrod for a Muzzle-Loading Firearm			6145235			11/14/00
Thompson Center Arms Company, Inc.		Firearm Hammer with Adjustable Spur			7140138			11/28/06
Thompson Center Arms Company, Inc.		Muzzle Loading Rifle with Movable Extractor			7257917			08/21/07

Patent Applications

				APPLICATION				APPLICATION
HOLDER		PATENT		NUMBER				DATE
Smith & Wesson Corp.		High velocity ammunition system and firearm			20060011092			5/25/05
Smith & Wesson Corp.		Firearm frame with configurable grip			20060150467			12/22/05
Smith & Wesson Corp.		Firearm with modular sear and trigger mechanism housings			20060156607			12/22/05
Smith & Wesson Corp.		Positive striker lock safety for use with a firearm			20060162220			12/22/05
Smith & Wesson Corp.		Fire control mechanism for a firearm			20060248772			12/22/05
Smith & Wesson Corp.		Locking apparatus for a firearm			20060191182			12/22/05
Smith & Wesson Corp.		Wire brushing for use with a firearm barrel			2006085508			12/22/05
Smith & Wesson Corp.		Apparatus and method for firearm takedown			20060249014			12/22/05
Smith & Wesson Corp.		Firearm extractor mechanism			20060185212			12/22/05
Smith & Wesson Corp.		Objective lens assembly for telescopic device		Serial No. 09/902,807				7/12/01
Smith & Wesson Corp.		Compensation system for a firearm		Serial No. 10/773,500				2/6/04
Thompson Center Arms Company, Inc.		Muzzle Loading Rifle with Removable Breech Plug			20070137084			06/21/07
Thompson Center Arms Company, Inc.		Muzzle Loading Rifle with Breech Plug Having Gas Seal Facility			20070163162			07/19/07
Thompson Center Arms Company, Inc.		Rifle Stock with Recoil Absorption Facility			20070175077			08/02/07
Thompson Center Arms Company, Inc.		Lubricant Distribution Facility for Threaded Rifle Breech		Serial No. 11/505,212				08/15/06
Thompson Center Arms Company, Inc.		Muzzle Loading Rifle with Removable Breech Plug		Serial No. 11/649,458				01/03/07