TRADEMARK SECURITY AGREEMENT

Exhibit 10.61

TRADEMARK SECURITY AGREEMENT

     Trademark Security Agreement, dated as of November 30, 2007, by Smith & Wesson Corp., a Delaware corporation, Smith & Wesson Holding Corporation, a Nevada 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 Trademark 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 Trademark 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) Trademarks of the Pledgors, including but not limited to the Trademarks listed on Schedule A attached hereto , in each case whether now owned or existing or hereafter acquired or arising and wherever located;

     (b) all Goodwill associated with such Trademarks; and

     (c) 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 Trademarks 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 Trademark 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 Trademarks under the Security Agreement and this Trademark Security Agreement.

     SECTION 5. Counterparts. This Trademark 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 Trademark Security Agreement by signing and delivering one or more counterparts.

[Signature Page Follows]

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

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

Accepted and Agreed:

TORONTO DOMINION (TEXAS) LLC,
as Administrative Agent

SCHEDULE A
TRADEMARKS

OWNER: SMITH & WESSON CORP.

		FILING DATE
TRADEMARK		REGISTRATION NO.
”.357" MAGNUM		4/23/35 323,654
AIRLITE		5/26/98 2,160,999
AIRLITE SC (and Design)		8/7/01 2,475,687
AIRLITE TI (Stylized)		10/29/02 2,641,461
AIRWEIGHT		2/16/54 585,831
BODYGUARD		8/9/94 1,849,219
CARRY COMP		7/14/98 2,172,420
CHIEF’S SPECIAL		2/24/76 1,034,286
CLUB 1852		1/24/06 3,049,932
COMBAT MAGNUM		12/16/80 1,143,296
GUN HAMMER & TRIGGER COLORING (and Design)		1/12/26 0,207,951
HERITAGE SERIES		5/6/03 2,714,414
LADY SMITH (Stylized)		1/23/90 1,578,910
MAGNUM		5/6/03 2,713,007
MAGNUM		6/4/35 324,894
MOUNTAIN GUN		8/16/94 1,850,300
MOUNTAIN LITE		9/18/01 2,490,870
S&W PERFORMANCE CENTER (and Design)		3/3/92 1,677,907

		FILING DATE
TRADEMARK		REGISTRATION NO.
RAIN SHIELD		7/6/04 2,860,968
S&W (Letters)		10/14/13 93767
S&W MONOGRAM (NEW LOGO) (and Design)		11/21/06 3174786
S&W MONOGRAM (NEW LOGO) (and Design)		10/20/92 1,724,977
S&W MONOGRAM (NEW LOGO) (and Design)		3/9/93 1,757,500
S&W MONOGRAM (NEW LOGO) (and Design)		9/20/77 1,073,794
SHORTY		6/30/98 2,169,090
SMITH & WESSON		11/7/06 3169365
SMITH & WESSON		11/8/88 1,511,511
SMITH & WESSON		7/19/77 1,069,977
SMITH & WESSON		8/4/92 1,704,640
SMITH & WESSON (Stylized)		2/3/14 95164
SMITH & WESSON ACADEMY (and Design)		8/7/01 2,475,890
SMITH & WESSON PERFORMANCE CENTER		10/8/91 1,660,123
SW (and Design)		6/20/00 2,359,691
S&W MONOGRAM (OLD LOGO) (and Design)		10/14/13 93766
SW (and Design)		9/20/77 1,073,794
SW SMITH & WESSON COLLECTORS ASSOCIATION (and Design)		2/27/96 1,958,275
TEXAS HOLD’EM		4/25/06 3,085,199
THE SIGMA SERIES		8/1/95 1,909,269
M&P MILITARY POLICE (Stylized)		11/13/2007 3,336,344

		FILING DATE
TRADEMARK		REGISTRATION NO.
PROTECTED BY SMITH & WESSON		Serial No. 78/919,216 (Pending)
M&P SMITH & WESSON MILITARY & POLICE (Stylized)		Serial No. 78/677,811 (Pending)
MILITARY POLICE (Stylized and/or Design)		Serial No. 78/619,034 (Pending)
S&W MONOGRAM (NEW LOGO) (and Design)		Serial No. 78/727,817 (Pending)
SMITH & WESSON		Serial No. 78/727,792 (Pending)
SMITH & WESSON		Serial No. 78/618,451 (Pending)
1000 SERIES		11/03/06 Serial No. 77/036,739 (Pending)
ALLIED FORCES		11/30/06 Serial No. 77/054,464 (Pending)
ELITE GOLD		09/29/06 Serial No. 77/011,008 (Pending)
ELITE SERIES		11/07/06 Serial No. 77/038,337 (Pending)
ELITE SILVER		09/29/06 Serial No. 77/011,027 (Pending)
I-BOLT		09/29/06 Serial No. 77/010,641 (Pending)
S&W 500		08/15/07 Serial No. 77/256,256 (Pending)
SMITH & WESSON HEIRLOOM WARRANTY		10/27/06 Serial No. 77/031,477 (Pending)
OWNER: SMITH & WESSON HOLDING CORPORATION
		FILING DATE
TRADEMARK		REGISTRATION NO.
VERSAVAULT		12/16/03 2,795,541
SAF-T-HAMMER (and Design)		03/04/03 2692585
SAF-T-TRIGGER		11/05/02 2647540

		FILING DATE
TRADEMARK		REGISTRATION NO.
FLINT RIVER		02/20/07 3210441
MAG EXPRESS		06/12/07 3251026
MAXIMA		12/19/06 3186830
NUMBER 13		08/22/06 3132600
R55		12/19/06 3186829
T/C		02/20/07 3210440
TC (and Design)		02/13/07 3207677
U-VIEW		02/13/07 3208075
XR		01/09/07 3196396
AMERICA’S MASTER GUNMAKER		08/15/06 3131465
BENCHMARK		03/27/07 3221572
CONTENDER		06/12/07 3251768
POWER ROD		11/20/07 3338956
FLEXTECH		10/16/07 3314141
GORILLA GRIP		10/30/07 3327213
SPEED BREECH		10/16/07 3314142
SWING HAMMER		10/16/07 3314296
T17		10/16/07 3314423
TRIUMPH		10/16/07 3314640
FLINT RIVER		08/24/05 Serial No. 78/699,927 (Pending)

		FILING DATE
TRADEMARK		REGISTRATION NO.
GAME TRAILS		08/25/05 Serial No. 78/700,223 (Pending)
ICON		05/16/06 Serial No. 78/885,028 (Pending)
OMEGA		08/24/05 Serial No. 78/699,386 (Pending)
OMEGA		08/24/05 Serial No. 78/699,907 (Pending)
POWER CELL		08/24/05 Serial No. 78/699,929 (Pending)
SHOCK WAVE		02/01/06 Serial No. 78/804,535 (Pending)
T7		02/01/06 Serial No. 78/804,481 (Pending)
WARLORD		08/10/06 Serial No. 78/949,717 (Pending)
WEATHER SHIELD		10/02/06 Serial No. 77/011,622 (Pending)
OWNER: BEAR LAKE HOLDINGS, INC.
		FILING DATE
TRADEMARK		REGISTRATION NO.
ENCORE		03/02/99 2227763
ENCORE (and Design)		04/06/99 2236581
MAXI-HUNTER		01/19/88 1473059
PRE-LUBER		10/25/88 1510055
QLA		06/15/99 2252792
QLA QUICK LOAD ACCURIZOR TC (and Design)		02/23/99 2225456
QUICK LOAD ACCURIZOR		07/06/99 2260092