-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Ad9QnzPqm5t27ejdTR8FTHJyjlYoK3+DH+8lAwFWogawXQ1wCPvbp0i2THAi4RAr
 4cA07q3EIlgKskCHKYpfhg==

<SEC-DOCUMENT>0001299933-07-003284.txt : 20070525
<SEC-HEADER>0001299933-07-003284.hdr.sgml : 20070525
<ACCEPTANCE-DATETIME>20070525164637
ACCESSION NUMBER:		0001299933-07-003284
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20070521
ITEM INFORMATION:		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070525
DATE AS OF CHANGE:		20070525

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ASHWORTH INC
		CENTRAL INDEX KEY:			0000820774
		STANDARD INDUSTRIAL CLASSIFICATION:	MEN'S & BOYS' FURNISHINGS, WORK CLOTHING, AND ALLIED GARMENTS [2320]
		IRS NUMBER:				841052000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14547
		FILM NUMBER:		07881162

	BUSINESS ADDRESS:	
		STREET 1:		2765 LOKER AVE WEST
		CITY:			CARLSBAD
		STATE:			CA
		ZIP:			92008
		BUSINESS PHONE:		7604386610

	MAIL ADDRESS:	
		STREET 1:		2765 LOKER AVENUE WEST
		CITY:			CARLSBAD
		STATE:			CA
		ZIP:			92008

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHARTER GOLF INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>htm_20569.htm
<DESCRIPTION>LIVE FILING
<TEXT>
<!-- CoverPageHeader start -->
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
<HTML>
<HEAD>
<TITLE> Ashworth, Inc. (Form: 8-K) </TITLE>
</HEAD>
<BODY TEXT="#000000" BGCOLOR="#FFFFFF" ALINK="#0000FF" HLINK="#FF0000" VLINK="#800080">
<A NAME="DOCUMENT_TOP">&nbsp;</A>
<P>
<!-- CoverPageHeader end --><!-- CoverPageTitle START -->
<A NAME="DOCUMENT_TOP">&nbsp;</A>
<HR NOSHADE>
<P>
<P ALIGN="CENTER">
<FONT SIZE="4">
		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
</FONT>
<BR>
<FONT SIZE="2">
	WASHINGTON, D.C. 20549
</FONT>
<P ALIGN="CENTER">
<FONT SIZE="5">
	FORM 8-K
</FONT>
<FONT SIZE="2">

</FONT>
</P>
<P ALIGN="CENTER">
<FONT SIZE="3">
	CURRENT REPORT
</FONT>
</P>
<P ALIGN="CENTER">
<FONT SIZE="2">
	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
</FONT>
</P>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
<TD WIDTH="51%">
	&nbsp;
</TD>
<TD WIDTH="5%">
	&nbsp;
</TD>
<TD WIDTH="44%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Date of Report (Date of Earliest Event Reported):
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	May 21, 2007
</FONT>
</TD>
</TR>
</TABLE>
<BR>
</CENTER>
<!-- CoverPageTitle END --><!-- CoverPageRegistrant START -->
<P ALIGN="CENTER"><!-- -->
<FONT SIZE="6">
	Ashworth, Inc.
</FONT>
<FONT SIZE="2">
<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
</FONT>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
<TD WIDTH="33%">
	&nbsp;
</TD>
<TD WIDTH="34%">
	&nbsp;
</TD>
<TD WIDTH="33%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Delaware
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	001-14547
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	84-1052000
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
_____________________<BR>
	(State or other jurisdiction
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
_____________<BR>
	(Commission
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
______________<BR>
	(I.R.S. Employer
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	of incorporation)
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	File Number)
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Identification No.)
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	2765 Loker Avenue West, Carlsbad, California
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	92010
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
_________________________________<BR>
	(Address of principal executive offices)
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
___________<BR>
	(Zip Code)
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">

<TR VALIGN="BOTTOM">
<TD WIDTH="51%">
	&nbsp;
</TD>
<TD WIDTH="5%">
	&nbsp;
</TD>
<TD WIDTH="44%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Registrant&#146;s telephone number, including area code:
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	760-438-6610
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<P ALIGN="CENTER">
<FONT SIZE="2">
	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
</FONT>
<P ALIGN="CENTER">
<FONT SIZE="2">
	&nbsp;
</FONT>
<!-- CoverPageRegistrant END --><P><FONT SIZE="2">
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
</P>
<P><FONT SIZE="2">
[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
</P></FONT><!-- PageBreak START -->
<P>
<HR NOSHADE>
<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<A HREF="#DOCUMENT_TOP">
<U>
<B>
<FONT SIZE="2">Top of the Form</FONT>
</B>
</U>
</A>
</DIV>
<!-- PageBreak END --><!-- Item START -->
<P ALIGN="LEFT">
<FONT SIZE="2">
<B>
	Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
APPOINTMENT OF EDWARD J. FADEL<br><br>     Effective May 23, 2007, Edward J. Fadel, 51, was appointed as President of Ashworth, Inc. (the "Company").  The Company&#x2019;s related press release announcing Mr. Fadel&#x2019;s appointment is filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.<br><br>     Mr. Fadel, 51, most recently served as Vice President of Merchandising at Greg Norman / Reebok.  Previously, from 2005 to 2006, he served as Chief Strategist of Apparel at Ahead, Inc. where he formulated apparel and headwear strategies for both the Ahead men&#x2019;s line and Kate Lord women&#x2019;s line.  Prior to that, Mr. Fadel served as Senior Vice President of Merchandising and Design at the Company from 2002 to 2004.  Mr. Fadel joined the Company in 2001 and served as Vice President - Callaway Golf Apparel Merchandising & Design until his promotion in 2002.  Mr. Fadel worked as a consultant with various apparel manufacturers from 2000 until 2001.  Prior to that, Mr. Fadel foun
ded and served as President of Elandale Golfwear, a women's sportswear producer, from 1995 to 2000 and as President of Cutter & Buck Big & Tall (a division of The Jeremy Dold Co.) from 1992 to 1995. <br><br>     In connection with his appointment, the Company entered into an employment agreement (the "Employment Agreement") with Mr. Fadel that provides for compensation which includes:  an annual base salary of $240,000; eligibility for up to a target bonus of 40% of base salary, with the actual payment subject to the board&#x2019;s discretion and in accordance with any applicable bonus plan; the grant of options to purchase 40,000 shares of the Company&#x2019;s common stock, with an exercise price equal to the closing price of the Company&#x2019;s common stock on May 23, 2007 and with half of the options vesting on each of the first two anniversaries of Mr. Fadel&#x2019;s employment with the Company (and which immediately vest upon Mr. Fadel&#x2019;s termination without cause); and, a monthly auto allowance 
of $1,000, a monthly housing allowance of $2,500 for twelve months and coverage under the Company&#x2019;s benefits programs.  If Mr. Fadel is terminated without cause as defined in the Employment Agreement and he delivers a fully executed release and waiver of all claims against the Company, the severance provisions of the Employment Agreement grant him a lump sum payment of 25% to 50% of his then current annual salary, depending on the timing and circumstances of his termination.<br><br>     The foregoing description of the Employment Agreement is qualified in its entirety by the terms of the Employment Agreement, which is filed as Exhibit 10.1 to this Form 8-K and is incorporated herein by reference.<br><br>RESIGNATION OF GARY I. "SIMS" SCHNEIDERMAN AND PETER E. HOLMBERG<br><br>     Effective May 21, 2007, Gary I. "Sims" Schneiderman resigned from his position as President of the Company.  Also effective May 21, 2007, Peter E. Holmberg resigned from his position as Executive Vice President of Green Grass 
Sales and Merchandising.  Messrs. Sims and Holmberg left the Company to pursue other interests.  <br><br>     On May 25, 2007, the Company entered into a severance and release agreement with Mr. Sims (the "Sims Severance Agreement") which provides for a modification of prior employment agreements and arrangements with Mr. Sims.  Under the Sims Severance Agreement, Mr. Sims is entitled to the continuation of bi-weekly payments of his base salary, automobile allowance and club dues for nine (9) months, the continuation of his employee insurance benefits for twelve (12) months and a waiver of the requirement for Mr. Sims to reimburse the Company for the cost of the club membership of $45,000 and has agreed to provide a customary release of all claims against the Company. Mr. Sims is also entitled to acceleration of 20,000 outstanding stock options that were not yet vested, which are deemed vested as of May 21, 2007.<br><br>     The foregoing description of the Sims Severance Agreement is qualified in its entire
ty by the terms of the Sims Severance Agreement, which is filed as Exhibit 10.2 to this Form 8-K and is incorporated herein by reference.<br><br>     Also on May 25, 2007, the Company entered into a severance and release agreement with Mr. Holmberg (the "Holmberg Severance Agreement") which provides for a modification of prior employment agreements and arrangements with Mr. Holmberg.  Under the Holmberg Severance Agreement, Mr. Holmberg is entitled to a lump sum severance payment of $112,500 and an automobile allowance of $6,000 and has agreed to provide a customary release of all claims against the Company.  <br><br>     The foregoing description of the Holmberg Severance Agreement is qualified in its entirety by the terms of the Holmberg Severance Agreement, which is filed as Exhibit 10.3 to this Form 8-K and is incorporated herein by reference.<br>
</FONT>
</P>
<!-- Item END -->
<BR><BR><BR><BR><!-- Item START -->
<P ALIGN="LEFT">
<FONT SIZE="2">
<B>
	Item 9.01 Financial Statements and Exhibits.
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
Ex. 10.1  Employment Letter between Edward J. Fadel and the Company, dated May 23, 2007.<br><br>Ex. 10.2  Severance and Release Agreement between Gary I. ("Sims") Schneiderman and the Company, dated May 25, 2007.<br><br>Ex. 10.3  Severance and Release Agreement between Peter E. Holmberg and the Company, dated May 25, 2007.<br><br>Ex. 99.1  Press release issued by the Company on May 23, 2007 announcing the appointment of Edward J. Fadel as President.<br>
</FONT>
</P>
<!-- Item END -->
<BR><BR><BR><BR><P ALIGN="LEFT" STYLE="FONT-SIZE: 10PT"></P><!-- PageBreak START -->
<P>
<HR NOSHADE>
<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<A HREF="#DOCUMENT_TOP">
<U>
<B>
<FONT SIZE="2">Top of the Form</FONT>
</B>
</U>
</A>
</DIV>
<!-- PageBreak END --><!-- SignatureHeader START -->
<P ALIGN="CENTER">
<FONT SIZE="2">
<B>
	SIGNATURES
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
	Pursuant to the requirements of the Securities Exchange Act of 1934, the
	registrant has duly caused this report to be signed on its behalf by the
	undersigned hereunto duly authorized.
</FONT>
</P>
<!-- SignatureHeader END --><!-- Signature START -->
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
<TD WIDTH="19%">
	&nbsp;
</TD>
<TD WIDTH="34%">
	&nbsp;
</TD>
<TD WIDTH="3%">
	&nbsp;
</TD>
<TD WIDTH="1%">
	&nbsp;
</TD>
<TD WIDTH="43%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD COLSPAN="3" VALIGN="TOP" ALIGN="LEFT">
<FONT SIZE="2">
	Ashworth, Inc.
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
<I>
	May 25, 2007
</I>
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	By:
</I>
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	Eric R. Hohl
</I>
<BR>
</FONT>
</TD>
</TR>
<TR>
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<HR SIZE="1" NOSHADE>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	Name: Eric R. Hohl
</I>
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	Title: Chief Financial Officer
</I>
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<!-- Signature END --><!-- PageBreak START -->
<P>
<HR NOSHADE>
<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<A HREF="#DOCUMENT_TOP">
<U>
<B>
<FONT SIZE="2">Top of the Form</FONT>
</B>
</U>
</A>
</DIV>
<!-- PageBreak END --><P ALIGN="CENTER">
<FONT SIZE="2">
	Exhibit&nbsp;Index
</FONT>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="60%">
<TR VALIGN="BOTTOM">
<TD WIDTH="8%">
	&nbsp;
</TD>
<TD WIDTH="15%">
	&nbsp;
</TD>
<TD WIDTH="77%">
	&nbsp;
</TD>
</TR>

<BR>
<TR VALIGN="BOTTOM">
<TD NOWRAP ALIGN="LEFT">
<FONT SIZE="1">
<B>
	Exhibit No.
</B>
</FONT>
</TD>
<TD>
<FONT SIZE="1">
	&nbsp;
</FONT>
</TD>
<TD NOWRAP ALIGN="LEFT">
<FONT SIZE="1">
<B>
	Description
</B>
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD NOWRAP ALIGN="CENTER">
<HR SIZE="1" NOSHADE>
</TD>
<TD>
<FONT SIZE="1">
	&nbsp;
</FONT>
</TD>
<TD NOWRAP ALIGN="CENTER">
<HR ALIGN="LEFT" SIZE="1" WIDTH="88%" NOSHADE>
</TD>
</TR>





<TR VALIGN="BOTTOM">
<TD VALIGN="TOP" WIDTH="8%" nowrap>
<FONT SIZE="2">
<DIV ALIGN="LEFT">
	10.1
</DIV>
</FONT>
</TD>
<TD WIDTH="15%">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
<FONT SIZE="2">
Employment Letter between Edward J. Fadel and the Company, dated May 23, 2007.
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP" WIDTH="8%" nowrap>
<FONT SIZE="2">
<DIV ALIGN="LEFT">
	10.1
</DIV>
</FONT>
</TD>
<TD WIDTH="15%">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
<FONT SIZE="2">
Severance and Release Agreement between Gary I. (&#x201C;Sims&#x201D;) Schneiderman and the Company, dated May 25, 2007.
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP" WIDTH="8%" nowrap>
<FONT SIZE="2">
<DIV ALIGN="LEFT">
	10.3
</DIV>
</FONT>
</TD>
<TD WIDTH="15%">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
<FONT SIZE="2">
Severance and Release Agreement between Peter E. Holmberg and the Company, dated May 25, 2007.
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP" WIDTH="8%" nowrap>
<FONT SIZE="2">
<DIV ALIGN="LEFT">
	99.1
</DIV>
</FONT>
</TD>
<TD WIDTH="15%">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
<FONT SIZE="2">
Press release issued by the Company on May 23, 2007 announcing the appointment of Edward J. Fadel as President.
</FONT>
</TD>
</TR></TABLE></CENTER><!-- HTMLFooter START -->
</BODY>
</HTML>
<!-- HTMLFooter END -->
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit1.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
<HTML>
<HEAD>
<TITLE> EX-10.1 </TITLE>
</HEAD>
<BODY TEXT="#000000" BGCOLOR="#FFFFFF" ALINK="#0000FF" HLINK="#FF0000" VLINK="#800080">

<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="right" style="font-size: 10pt"><FONT style="font-size: 11pt">Exhibit&nbsp;10.1</FONT>



<P align="left" style="font-size: 11pt">May&nbsp;21, 2007


<P align="left" style="font-size: 11pt">Mr.&nbsp;Eddie Fadel
<BR>
600 Gold Canyon
<BR>
Palm Desert, CA 92211


<P align="left" style="font-size: 11pt">Re: Employment at Ashworth, Inc.


<P align="left" style="font-size: 11pt">Dear Mr.&nbsp;Fadel:


<P align="left" style="font-size: 11pt">In accordance with our recent discussions, we are pleased to confirm our offer to you of a position
with Ashworth, Inc. (the &#147;Company&#148;) upon the following terms and conditions:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Position; Reporting; Commencement</U>: The position and title shall be President and you
shall report to the Chief Executive Officer. You shall commence employment effective May&nbsp;23,
2007. You will be required to observe the Company&#146;s personnel and business policies and
procedures. In the event of any conflict, the terms of this letter will control.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Base Salary; Bonus; Reviews</U>: You will receive a salary of $240,000 per annum and be
eligible for up to a 40% target bonus per annum with bonus payment subject to the Board of
Directors&#146; discretion and in accordance with any applicable Bonus Plan, less applicable
withholding and deductions. Salary is payable every other Friday. Employees are given annual
performance reviews in or about May of each year which are a part of the bases for evaluating
annual salary adjustments.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Business Expenses; Automobile Allowance; Clothing Allowance</U>: You will receive
reimbursement for normal, ordinary and reasonable business expenses upon your submission of
receipts substantiating the expenses claimed in accordance with Company policy. You will be
entitled to an automobile expense allowance of one thousand dollars ($1,000) per month to
defray the cost of business automobile expense. You will receive a Clothing Allowance in
accordance with Company policy.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Stock Options</U>: The Company will grant you 40,000 stock options to purchase shares of
the Company&#146;s common stock at an exercise price equal to 100% of fair market value of the
common stock on the date of grant (<U>i.e.</U>, the first day of your employment). The
options will be incentive stock options up to the limits imposed by IRS regulations, with the
balance being non-qualified options. The options will vest over a two-year period,
<U>i.e.</U>, one-half vesting on the one-year anniversary of employment commencement and
one-half vesting on the two-year anniversary of employment commencement. In the event of
termination of your employment by the Company without Cause (as defined below), the option
vesting for the foregoing will be accelerated. Vested options will be exercisable for ten
(10)&nbsp;years after the grant date (following termination of employment, the options are only
exercisable for 90&nbsp;days if they are ISO&#146;s and 180&nbsp;days if they are NQ&#146;s, but in no case after
10&nbsp;years from grant date). You have the opportunity, subject to the Board of Directors&#146;
discretion, to receive additional stock options each year during the annual review process.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Savings Plan:</U> You will be eligible to participate in the Company&#146;s 401(k) Plan at
the first entry date following the completion of three months continuous employment with the
Company. Under the current provisions, you will be eligible as of October&nbsp;1, 2007.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Insurance Benefits</U>: The Company will provide you with coverage under its group
medical, dental and life insurance policies as more specifically described in the group
insurance materials which will be provided to you upon your commencement of employment. The
cost of the medical and dental coverage will be shared between you and the Company, depending
on your plan and coverage elections. Under the current provisions, you will be eligible as of
June&nbsp;1, 2007. In addition, you will be eligible for Ashworth&#146;s Exec-U-Care health benefits.
This benefit reimburses you and your eligible dependents for medical expenses not covered by
your group major health plan or by any other group health plan. The Company reserves the
right to change, modify or eliminate such benefits or coverages in its discretion.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Residential Allowance:</U> You will be entitled to a residential allowance of two
thousand five hundred ($2,500) per month for reasonable residential expenses for a period of
twelve (12)&nbsp;months. This amount will include housing and all reasonable related expenses
incurred. If you voluntary resign from the Company within the first two years of employment,
you agree to reimburse the Company for all residential allowances paid to you.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Severance</U>: If you are terminated by the Company without Cause, and if you deliver
and do not revoke a fully executed release and waiver of all claims against the Company in the
form attached hereto as Exhibit&nbsp;A (the &#147;Release Agreement&#148;), then, upon expiration of any
applicable revocation period contained in the Release Agreement, the Company agrees to pay you
a lump sum as follows:</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If such termination occurs on or prior to your six-month anniversary of
employment with the Company, then the lump sum severance payment shall equal
twenty-five percent (25%) of your then-current annual base salary.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If such termination occurs after your six-month anniversary of employment with
the Company but on or prior to your one-year anniversary of employment with the
Company, then the lump sum severance payment shall equal forty percent (40%) of your
then-current annual base salary.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If such termination occurs after your one-year anniversary of employment with
the Company, then the lump sum severance payment shall equal fifty percent (50%) of
your then-current annual base salary.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:4%; font-size: 11pt">The foregoing lump sum severance payment shall constitute the entirety of the Company&#146;s
severance obligations.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Confidentiality; Use of Licensed Software; Solicitation of Customers and Employees;
Return of Property; Termination</U>: You acknowledge that, in the course of your employment
with the Company, you will have access to confidential information concerning the organization
and functioning of the business of the Company, and that such information is a valuable trade
secret and the sole property of the Company. Accordingly, except as required by law, legal
process, or in connection with your employment duties or any litigation between the parties
hereto with respect to matters arising out of this agreement, you agree that you will not, at
any time during your employment with the Company or after such employment, whether such
employment is terminated as a result of your resignation or discharge, disclose or furnish any
such information to any person other than an officer or director of the Company, and you will
make no use of any such information for your personal benefit.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:4%; font-size: 11pt">The Company licenses the use of computer software from a variety of outside companies and,
unless authorized by the software developer, does not have the right to reproduce it. You
may use software only in accordance with the license agreement, whether on local area
networks or on multiple machines.



<P align="left" style="margin-left:4%; font-size: 11pt">You agree that for a period of two years from the date of voluntary or involuntary
termination of employment, you will not directly or indirectly (a)&nbsp;solicit, induce, or
attempt to influence any person or business that is an account, customer or client of the
Company to restrict or cancel the business of any such account, customer or client with the
Company, or (b)&nbsp;solicit on your behalf, or on behalf of a third party, any then-current
employee or sales representative of the Company or its affiliates, to leave his or her
employment with or sales representation of the Company or its affiliates; <U>provided</U>,
<U>however</U>, that nothing herein shall be deemed to prohibit a general employment
solicitation directed at the public.



<P align="left" style="margin-left:4%; font-size: 11pt">You further agree that in the event of such termination, whether voluntary or involuntary,
you will not remove from the offices of the Company any personal property that does not
rightfully and legally belong to you and that you will return on the date of your said
termination, to an authorized representative of the Company, any and all property belonging
to the Company, including all copies of confidential information. You also agree that you
will provide passwords on request for personal computer files.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>At-Will Employment</U>. You understand and agree that you are being employed for an
unspecified term and that this is an &#147;at-will&#148; employment relationship. This means that
either you or the Company may terminate your employment at will at any time with or without
Cause or notice. This at-will aspect of your employment, which includes the right of the
Company to transfer, discipline, demote and/or reassign, may not be modified, amended or
rescinded except by an individual written agreement signed by both you and the Company&#146;s Chief
Executive Officer or Chairman of the Board. This letter sets forth the entire agreement
between the parties and there are no prior or contemporaneous representations, promises or
conditions, whether oral or written, to the contrary.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Definition of &#147;Cause</U>.&#148; For the purpose of this agreement, &#147;Cause&#148; shall mean:</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Willful and deliberate refusal to comply with a lawful instruction of the Board
of Directors or of the Chief Executive Officer, which refusal is not remedied by you
within a reasonable period of time after receipt of written notice from the Company
identifying the refusal, so long as the instruction is consistent with the scope and
responsibilities of your position;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Your act or acts of personal dishonesty;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Your conviction of a felony;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Your violation of the Company&#146;s policies and/or code of conduct;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Your violation of any confidentiality or non-competition agreement with the
Company or any affiliate of the Company; or</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The willful engaging by you in misconduct which is injurious to the Company.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 11pt">This offer of employment is contingent upon the satisfactory completion of a background check,
verifying that the information provided by you on your application and resume is accurate and
correct. The Company reserves the right to withdraw an offer of employment, or to terminate
employment, at any time based on information arising from the background check.


<P align="left" style="font-size: 11pt">If you are in agreement with the terms of this letter, please sign and return one copy to the Human
Resource Department and retain one copy for your files to effect the commencement of your
employment. If you have any questions, please contact me at your earliest convenience.


<P align="left" style="font-size: 11pt">Sincerely,


<P align="left" style="font-size: 11pt">ASHWORTH, INC.


<P align="left" style="font-size: 11pt"><U>/s/ Peter M. Weil</U>
<BR>
Peter M. Weil<BR>
Chief Executive Officer


<P align="left" style="font-size: 11pt">ACCEPTED AND AGREED TO THIS
<BR>
<U>23rd</U> DAY OF MAY, 2007


<P align="left" style="font-size: 11pt"><U>/s/ Eddie Fadel</U>
<BR>
Eddie Fadel


<P align="center" style="font-size: 10pt; display: none">1
<!-- PAGEBREAK -->


<P align="center" style="font-size: 11pt">EXHIBIT A &#150; <U>RELEASE AGREEMENT</U>



<P align="left" style="font-size: 11pt; text-indent: 4%">I, Eddie Fadel, hereby enter into this Release Agreement (this &#147;Agreement&#148;), pursuant to
Paragraph&nbsp;7 of the letter agreement, dated May&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, 2007, with Ashworth, Inc., a Delaware
corporation (the &#147;Company&#148;), in consideration for which the Company shall make the severance
payment as described in the letter agreement (the &#147;Employment Agreement&#148;).


<P align="left" style="font-size: 11pt; text-indent: 4%">1.&nbsp;The date of my employment termination is <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, and I have received a final
paycheck for all wages due, including all accrued vacation, through that date. Other than the
severance payment as described in my Employment Agreement, the foregoing payments are the only
amounts which I am entitled to receive from the Company, and I hereby waive all other payments or
claims for payments.


<P align="left" style="font-size: 11pt; text-indent: 4%">2.&nbsp;As consideration for the severance payment as described in my Employment Agreement, I
hereby release the Company, its successors, affiliates, directors, employees and agents from any
and all claims or lawsuits (including but not limited to any and all claims or demands relating to
salary, wages, bonuses, commissions, stock, stock options, vacation pay, fringe benefits, expense
reimbursements, any and all tort claims, contract claims (express or implied), wrongful termination
claims, public policy claims, whistleblower claims, implied covenant of good faith and fair dealing
claims, retaliation claims, personal injury claims, emotional distress claims, invasion of privacy
claims, defamation claims, fraud claims, attorneys&#146; fees claims, all claims arising under any
federal, state or other governmental statue, law, regulation or ordinance including, but not
limited to, Title&nbsp;VII of the Civil Rights Act of 1964, as amended, the Americans with Disabilities
Act, the Family and Medical Leave Act, the California Fair Employment &#038; Housing Act, the California
Labor Code, the Age Discrimination in Employment Act of 1967 (&#147;ADEA&#148;), the Older Workers&#146; Benefit
Protection Act (&#147;OWBPA&#148;)) which I may have based either on my employment, my termination, or any
other event occurring prior to the date of this Agreement. This Release is intended to settle any
and all claims that I may have against the Company. Accordingly, I waive any and all rights
conferred under Section&nbsp;1542 of the California Civil Code, which provides: <B>&#147;A general release does
not extend to claims which the creditor does not know or suspect to exist in his favor at the time
of executing the release which if known by him must have materially affected his settlement with
the debtor.&#148;</B>


<P align="left" style="font-size: 11pt; text-indent: 4%">3.&nbsp;The foregoing release shall not serve as a waiver of my rights to (a)&nbsp;vested benefits such
as 401(K), (b)&nbsp;workers compensation or unemployment benefits, (c)&nbsp;statutorily-required
indemnification under California Labor Code Section&nbsp;2802, (d)&nbsp;the right to file a complaint or
charge with the Equal Employment Opportunity Commission, or (e)&nbsp;any other benefits, rights or
claims that cannot be released as a matter of law.


<P align="left" style="font-size: 11pt; text-indent: 4%">4.&nbsp;I acknowledge and understand my continuing obligation (a)&nbsp;to maintain the confidentiality
of the Company&#146;s trade secrets, confidential and proprietary information and (b)&nbsp;not to solicit
customers, employees or sales representatives of the Company and its affiliates, as set forth in
Paragraph&nbsp;8 of my Employment Agreement. I also warrant and represent that I have returned all
Company materials as required in Paragraph&nbsp;8 of my Employment Agreement.


<P align="left" style="font-size: 11pt; text-indent: 4%">5.&nbsp;I acknowledge that I fully understand my right to discuss this Agreement with an attorney,
and I have carefully read and fully understand this entire Agreement, and I am entering into this
Agreement voluntarily.


<P align="left" style="font-size: 11pt; text-indent: 4%">6.


<P align="center" style="font-size: 10pt; display: none; text-indent: 4%">2
<!-- PAGEBREAK -->

<P align="left" style="font-size: 11pt; text-indent: 4%">I understand that I shall have twenty-one (21)&nbsp;days from the date of receipt of this Agreement
to consider this Agreement, I shall have seven (7)&nbsp;days following the signing of this Agreement to
revoke it in writing, and this Agreement shall not be effective or enforceable until this
revocation period has expired.

<DIV align="center">
<TABLE style="font-size: 11pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="38%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="57%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dated:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">EDDIE FADEL<BR>
By:</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dated:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ASHWORTH, INC.<BR>
By:</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt; display: none">3


<!-- v.012306 -->
</BODY>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>exhibit2.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
<HTML>
<HEAD>
<TITLE> EX-10.1 </TITLE>
</HEAD>
<BODY TEXT="#000000" BGCOLOR="#FFFFFF" ALINK="#0000FF" HLINK="#FF0000" VLINK="#800080">

<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="right" style="font-size: 10pt"><FONT style="font-size: 11pt">Exhibit&nbsp;10.2</FONT>



<P align="center" style="font-size: 11pt"><U><B>SEVERANCE AND RELEASE AGREEMENT</B></U>



<P align="left" style="font-size: 11pt; text-indent: 4%">This Severance and Release Agreement (&#147;Agreement&#148;) is made and entered into by and between
Ashworth, Inc. (referred to as &#147;Employer&#148; or &#147;the Company&#148;) and Gary Schneiderman (&#147;Employee&#148;).


<P align="left" style="font-size: 11pt; text-indent: 4%">WHEREAS, it has been determined that Employee will separate his employment with the Company;


<P align="left" style="font-size: 11pt; text-indent: 4%">WHEREAS, Employee and Employer wish to modify and supersede the terms of the Employee&#146;s Offer
Letter and/or any Amended &#038; Restated Employment Agreements;


<P align="left" style="font-size: 11pt; text-indent: 4%">WHEREAS, the Employer wishes to provide Employee with certain benefits in consideration of
Employee&#146;s separation and the promises and covenants of Employee as contained herein, including the
Employee&#146;s agreement to release all claims against the Company;


<P align="left" style="font-size: 11pt; text-indent: 4%">NOW THEREFORE, in consideration of and exchange for the promises, covenants, and releases
contained herein, the parties mutually agree as follows:


<P align="left" style="font-size: 11pt; text-indent: 8%">1.&nbsp;<U>Separation Date</U>. Employee&#146;s separation from all positions he holds with the
Company shall be effective on May&nbsp;21, 2007 (&#147;Separation Date&#148;). As of the Separation Date, the
only payment and other consideration which Employee shall receive or be entitled to receive from
the Company are those set forth in this Agreement.


<P align="left" style="font-size: 11pt; text-indent: 8%">2.&nbsp;<U>Effective Date</U>. This Agreement will be effective on the eighth day after the date
on which Employee executes it, as long as Employee has not exercised his right of revocation as
described in Paragraph&nbsp;10 below (&#147;Effective Date&#148;).


<P align="left" style="font-size: 11pt; text-indent: 8%">3.&nbsp;<U>Consideration</U>. Provided that Employee does not revoke this Agreement as provided
in Paragraph&nbsp;10, the Company will provide the following consideration to Employee:


<P align="left" style="font-size: 11pt; text-indent: 10%">a.&nbsp;<U>Severance Pay</U>. The Company will continue to pay Employee his base salary less all
required and customary withholdings and deductions for nine (9)&nbsp;months (&#147;Severance Payment&#148;). The
payments will be made by direct deposit to Employee&#146;s account on a biweekly basis in accordance
with normal Company paydays for the period of June&nbsp;2007 through February&nbsp;2008. The compensation
described in this paragraph shall be in the nature of a severance benefit only and its existence
shall not entitle Employee to any rights as an employee of Employer during the severance period
including, but not limited to, employee bonuses, vacation pay, sick leave, 401(k) matching, vesting
of stock options (other than those specifically referred to herein at Paragraph&nbsp;5) and worker&#146;s
compensation coverage. Employee acknowledges that he would not otherwise be entitled to the
consideration set forth in this paragraph were it not for his covenants, promises, and releases set
forth herein.


<P align="left" style="font-size: 11pt; text-indent: 10%">b.&nbsp;<U>COBRA and Other Benefits</U>. In accordance with federal and state COBRA regulations,
if currently enrolled in Ashworth&#146;s group medical coverage Employee will be offered the opportunity
to continue that coverage at Employee&#146;s own expense. In addition to the severance pay, if Employee
chooses to elect COBRA, Ashworth will pay Employee&#146;s COBRA premiums for twelve (12)&nbsp;months
beginning June&nbsp;2007 and ending May&nbsp;2008 in exchange for Employee&#146;s release of claims. After this
twelve month period Employee will be responsible for the COBRA premiums if he continues this
benefit. Additionally, Employee&#146;s dental insurance, life insurance, disability benefits and
Exec-u-care coverage will remain in effect for twelve (12)&nbsp;months through May&nbsp;2008 and the Company
will pay all premiums related to such benefits.


<P align="left" style="font-size: 11pt; text-indent: 10%">c.&nbsp;<U>Auto Allowance</U>. The Company will continue to pay Employee&#146;s auto allowance for
nine months in the amount of $461.54 per pay period, less all required and customary withholdings
and deductions. The final payment will be made on the last pay date in February&nbsp;2008.


<P align="left" style="font-size: 11pt; text-indent: 10%">d.&nbsp;<U>Country Club Fees and Waiver of Reimbursement</U>. The Company will continue to pay
Employee&#146;s country club fees for nine months in the amount of $290.77 per pay period, less all
required and customary withholdings and deductions. The final payment will be made on the last pay
date in February&nbsp;2008. In addition, the Company agrees to waive the requirement that Employee
reimburse the Company the Club Membership cost in the amount of $45,000.00 as outlined in
Employee&#146;s Amended &#038; Restated Employment Agreement. Any debt Employee owes the Company related to
the Club Membership cost is forgiven.


<P align="left" style="font-size: 11pt; text-indent: 10%">e.&nbsp;<U>Valid Consideration</U>. Employee agrees that the Severance Pay and other benefits
shall be in the nature of a severance benefit only and its existence shall not entitle Employee to
any rights as an employee of the Company. Employee acknowledges that he would not otherwise be
entitled to the consideration set forth in this paragraph were it not for the covenants, promises,
and releases set forth herein.


<P align="left" style="font-size: 11pt; text-indent: 8%">4.&nbsp;<U>Tax Liability</U>. Employee represents and warrants that neither the Company nor its
attorneys nor anyone affiliated with the Company has made any representations regarding the
taxability of the Severance Payment and that Employee has not relied upon any such representation
in entering into this Agreement. Employee further represents and warrants that he shall be solely
responsible for the payment of any and all federal, state and local taxes which may become due, if
any, as a result of the Severance Payment. Employee shall hold the Company harmless from and
indemnify it for the payment of any taxes (including interest) or penalties, and any costs or
attorneys&#146; fees related to such payment, if any, that may be asserted against it by any government
agency at any time as a result of the Severance Payment.


<P align="left" style="font-size: 11pt; text-indent: 8%">5.&nbsp;<U>Vesting of Stock Options</U>. The Company agrees to accelerate the 20,000 outstanding
stock options granted to Employee that have not yet vested. The Company and Employee agree that
these options are considered vested as of May&nbsp;21, 2007. Employee&#146;s ability to exercise these and
any other vested options remains governed by the terms of the Equity Incentive Plan.


<P align="left" style="font-size: 11pt; text-indent: 8%">6.&nbsp;<U>No Amounts Owing</U>. Employee acknowledges and agrees that he has been paid all wages
due and owing to him as of the Separation Date. Employee further acknowledges and agrees that no
additional compensation is or will be due to him from the Company.


<P align="left" style="font-size: 11pt; text-indent: 8%">7.&nbsp;<U>Release by Employee</U>. Employee agrees for Employee, Employee&#146;s heirs, executors,
administrators, successors and assigns to forever release and discharge the Employer and its
subsidiaries, related companies, parents, successors and assigns, officers, directors, agents,
employees and former employees from any and all claims, debts, promises, agreements, demands,
causes of action, attorneys&#146; fees, losses and expenses of every nature whatsoever, known or
unknown, suspected or unsuspected, filed or unfiled, arising prior to the Effective Date of this
Agreement, or arising out of or in connection with Employee&#146;s employment by and separation from the
Employer or any affiliate of the Employer. This total release includes, but is not limited to, all
claims arising directly or indirectly from Employee&#146;s employment with the Employer and the
separation of that employment; claims or demands related to salary, bonuses, commissions, stock,
stock options, vacation pay, fringe benefits and expense reimbursements pursuant to any federal,
state or local law or cause of action, including, but not limited to, breach of contract, breach of
the implied covenant of good faith and fair dealing, infliction of emotional harm, wrongful
discharge, violation of public policy, defamation and impairment of economic opportunity; violation
of the California Fair Employment and Housing Act, the California Labor Code, the California
Constitution; and any claims for violation of the Civil Rights Act of 1866, Title VII of the Civil
Rights Act of 1964, the Age Discrimination in Employment Act of 1967, the Older Workers&#146; Benefit
Protection Act, the Americans With Disabilities Act of 1990, and any private attorney general
action under the California Business &#038; Professions Code &#167;17200.


<P align="left" style="font-size: 11pt; text-indent: 8%">8.&nbsp;<U>Waiver of Unknown Claims</U>. Employee expressly waives all of the benefits and rights
granted to Employee pursuant to California Civil Code section 1542, or any similar statute in any
state, which reads as follows:


<P align="left" style="margin-left:8%; margin-right:8%; font-size: 11pt">A general release does not extend to claims which the creditor does
not know or suspect to exist in his or her favor at the time of
executing the release, which if known by him or her must have
materially affected his or her settlement with the debtor.


<P align="left" style="font-size: 11pt">Employee certifies that he has read all of this Agreement, including the release provisions
contained herein and the quoted Civil Code section, and fully understands all of the same.


<P align="left" style="font-size: 11pt; text-indent: 8%">9.&nbsp;<U>Acknowledgment of Rights and Waiver of Claims Under the Age Discrimination in
Employment Act (&#147;ADEA&#148;)</U>. Employee acknowledges that he is knowingly and voluntarily waiving
and releasing any rights he may have under the Age Discrimination in Employment Act of 1967
(&#147;ADEA&#148;). He also acknowledges that the consideration given for the waiver and release in the
preceding paragraphs hereof is in addition to anything of value to which he was already entitled.
Employee further acknowledges that he has been advised by this writing, as required by the Older
Workers&#146; Benefit Protection Act, that: (a)&nbsp;his waiver and release does not apply to any rights or
claims that may arise after the Effective Date of this Agreement; (b)&nbsp;he should consult with an
attorney prior to executing this Agreement; (c)&nbsp;he has at least twenty-one (21)&nbsp;days to consider
this Agreement (although he may by his own choice execute this Agreement earlier); (d)&nbsp;he has seven
(7)&nbsp;days following the execution of this Agreement by the parties to revoke the Agreement; and (e)
this Agreement shall not be effective until the date upon which the revocation period has expired,
which is the Effective Date as set forth in Paragraph&nbsp;2. Employee may revoke this Release only by
giving the Company formal, written notice of his revocation of this Release, addressed to: Peter
Weil, Executive VP &#038; CEO, Ashworth, Inc., 2765 Loker Ave., Carlsbad, California 92010, to be
received by the Company by the close of business on the seventh day following Employee&#146;s execution
of this Release.


<P align="left" style="font-size: 11pt; text-indent: 8%">10.&nbsp;<U>Waiver of Future Employment</U>. Employee hereby agrees that he will not knowingly
apply for, seek or accept employment with Employer, its parent, subsidiary or related companies.
Employee further agrees that neither Employer nor its parent, subsidiary or related companies is
obligated to offer employment to Employee, regardless of the circumstances, at any time in the
future. Further, if Employee is hired by Employer, its parent company or any subsidiary or related
company, this Agreement shall constitute good cause for termination of his employment.


<P align="left" style="font-size: 11pt; text-indent: 8%">11.&nbsp;<U>Return of Company Property</U>. Employee hereby represents and warrants that he will
immediately return to the Company all Company property and documents in his possession including,
but not limited to, Company files, notes, records, computer recorded information, tangible
property, credit cards, entry cards, pagers, identification badges, cellular phones, laptops and
keys.


<P align="left" style="font-size: 11pt; text-indent: 8%">12.&nbsp;<U>Confidential, Trade Secret and Proprietary Information</U>. Employee shall not
publish, disclose, or utilize any proprietary, trade secret or other confidential information
belonging to the Company or any third party doing business with the Company which Employee obtained
in the course or scope of his employment with the Company. Employee acknowledges that the
Company&#146;s proprietary, trade secret and confidential information specifically includes, but is not
limited to, pricing information, customer buying and selling habits and special needs, confidential
customer and vendor contact information, customer lease expiration, customer credit information,
the Company&#146;s proprietary software, accounting records, marketing strategies, business plans,
unique methods and procedures regarding pricing and advertising, employee personnel information,
purchasing and leasing guidelines, collection procedures and payment histories.


<P align="left" style="font-size: 11pt; text-indent: 8%">13.&nbsp;<U>Mutual Non-Disparagement</U>. Employer and Employee agree and promise that they will
not make derogatory or disparaging statements about the other (in the case of the Company,
including any parent companies or subsidiaries, or their employees, officers and directors) and
that they will not induce or incite claims by any other individual(s) or entity.


<P align="left" style="font-size: 11pt; text-indent: 8%">14.&nbsp;<U>Entire Agreement</U>. This Agreement embodies the entire agreement of all the parties
hereto who have executed it and supersedes any and all other agreements, understandings,
negotiations, or discussions, either oral or in writing, express or implied, between the parties to
this Agreement. The parties to this Agreement each acknowledge that no representations,
inducements, promises, agreements or warranties, oral or otherwise, have been made by them, or
anyone acting on their behalf, which are not embodied in this Agreement; that they have not
executed this Agreement in reliance on any representation, inducement, promise, agreements,
warranty, fact or circumstances, not expressly set forth in this Agreement; and that no
representation, inducement, promise, agreement or warranty not contained in this Agreement
including, but not limited to, any purported settlements, modifications, waivers or terminations of
this Agreement, shall be valid or binding, unless executed in writing by all of the parties to this
Agreement. This Agreement may be amended, and any provision herein waived, but only in writing,
signed by the party against whom such an amendment or waiver is sought to be enforced.


<P align="left" style="font-size: 11pt; text-indent: 8%">15.&nbsp;<U>Ownership of Claims.</U> Employee represents and warrants that he is the sole and
lawful owner of all rights, title and interest in and to all released matters, claims and demands
referred to herein. He further represents and warrants that there has been no assignment or other
transfer of any interest in such matter, claims or demands which Employee may have against the
Company.


<P align="left" style="font-size: 11pt; text-indent: 8%">16.&nbsp;<U>Binding Nature</U>. This Agreement, and all the terms and provisions contained
herein, shall bind the heirs, personal representatives, successors and assigns of Employee, and
only inure to the benefit of the Company, its agents, directors, officers, employees, servants,
successors, and assigns.


<P align="left" style="font-size: 11pt; text-indent: 8%">17.&nbsp;<U>Construction.</U> This Agreement shall not be construed in favor of one party or
against the other.


<P align="left" style="font-size: 11pt; text-indent: 8%">18.&nbsp;<U>Partial Invalidity</U>. Should any portion, word, clause, phrase, sentence or
paragraph of this Agreement be declared void or unenforceable, such portion shall be considered
independent and severable from the remainder, the validity of which shall remain unaffected.


<P align="left" style="font-size: 11pt; text-indent: 8%">19.&nbsp;<U>Compliance with Terms</U>. The failure to insist upon compliance with any term,
covenant or condition contained in this Agreement shall not be deemed a waiver of that term,
covenant or condition, nor shall any waiver or relinquishment of any right or power contained in
this Agreement at any one time or more times be deemed a waiver or relinquishment of any right or
power at any other time or times.


<P align="left" style="font-size: 11pt; text-indent: 8%">20.&nbsp;<U>Enforcement Costs</U>. The Parties agree that in the event either party breaches any
provision of this Agreement, the breaching party shall pay all costs and reasonable attorney&#146;s fees
incurred in conjunction with enforcement of this Agreement to the extent permitted by law.


<P align="left" style="font-size: 11pt; text-indent: 8%">21.&nbsp;<U>Governing Law and Jurisdiction</U>. This Agreement shall be governed by the laws of
the State of California, both as to interpretation and performance.


<P align="left" style="font-size: 11pt; text-indent: 8%">22.&nbsp;<U>Section&nbsp;Headings</U>. The section and paragraph headings contained in this Agreement
are for reference purposes only and shall not affect in any way the meaning or interpretation of
this Agreement.


<P align="left" style="font-size: 11pt; text-indent: 8%">23.&nbsp;<U>Counterparts</U>. This Agreement may be executed in counterparts. Each counterpart
shall be deemed an original, all of which together shall constitute one and the same instrument.


<P align="left" style="font-size: 11pt; text-indent: 8%">24.&nbsp;<U>No Admissions</U>. It is understood and agreed by the parties that this Agreement
shall not be construed to be an admission of any liability or obligation by either party to the
other party or any other person.


<P align="left" style="font-size: 11pt; text-indent: 8%">25.&nbsp;<U>Voluntary and Knowing</U>. This Agreement is executed voluntarily and without any
duress or undue influence on the part or behalf of the parties hereto.


<P align="left" style="font-size: 11pt">/ / /


<P align="left" style="font-size: 11pt">/ / /


<P align="left" style="font-size: 11pt">/ / /


<P align="left" style="font-size: 11pt">/ / /


<P align="left" style="font-size: 11pt">/ / /


<P align="center" style="font-size: 10pt; display: none">1
<!-- PAGEBREAK -->

<P align="left" style="font-size: 11pt; text-indent: 4%">IN WITNESS WHEREOF, the parties have executed this Agreement on the respective dates set forth
below.

<DIV align="center">
<TABLE style="font-size: 11pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="33%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dated: May&nbsp;25, 2007
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">COMPANY</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Signature: /s/ James B. Hayes</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">James B. Hayes<BR>
Chairman of the Board, Ashworth, Inc.</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dated: May&nbsp;25, 2007
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">EMPLOYEE</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Signature:/s/ Gary Schneiderman</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Gary Schneiderman</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt; display: none">2


<!-- v.012306 -->
</BODY>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>exhibit3.htm
<DESCRIPTION>EX-10.3
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
<HTML>
<HEAD>
<TITLE> EX-10.3 </TITLE>
</HEAD>
<BODY TEXT="#000000" BGCOLOR="#FFFFFF" ALINK="#0000FF" HLINK="#FF0000" VLINK="#800080">

<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="right" style="font-size: 10pt"><FONT style="font-size: 11pt">Exhibit&nbsp;10.3</FONT>



<P align="center" style="font-size: 11pt"><U><B>SEVERANCE AND RELEASE AGREEMENT</B></U>



<P align="left" style="font-size: 11pt; text-indent: 4%">This Severance and Release Agreement (&#147;Agreement&#148;) is made and entered into by and between
Ashworth, Inc. (referred to as &#147;Employer&#148; or &#147;the Company&#148;) and Peter Holmberg (&#147;Employee&#148;).


<P align="left" style="font-size: 11pt; text-indent: 4%">WHEREAS, it has been determined that Employee will separate his employment with the Company;


<P align="left" style="font-size: 11pt; text-indent: 4%">WHEREAS, Employee and Employer wish to modify and supersede the terms of the Employee&#146;s Offer
Letter and/or any Amended &#038; Restated Employment Agreements;


<P align="left" style="font-size: 11pt; text-indent: 4%">WHEREAS, the Employer wishes to provide Employee with certain benefits in consideration of
Employee&#146;s separation and the promises and covenants of Employee as contained herein, including the
Employee&#146;s agreement to release all claims against the Company;


<P align="left" style="font-size: 11pt; text-indent: 4%">NOW THEREFORE, in consideration of and exchange for the promises, covenants, and releases
contained herein, the parties mutually agree as follows:


<P align="left" style="font-size: 11pt; text-indent: 8%">1.&nbsp;<U>Separation Date</U>. Employee&#146;s separation from all positions he holds with the
Company shall be effective on May&nbsp;21, 2007 (&#147;Separation Date&#148;). As of the Separation Date, the
only payment and other consideration which Employee shall receive or be entitled to receive from
the Company are those set forth in this Agreement.


<P align="left" style="font-size: 11pt; text-indent: 8%">2.&nbsp;<U>Effective Date</U>. This Agreement will be effective on the eighth day after the date
on which Employee executes it, as long as Employee has not exercised his right of revocation as
described in Paragraph&nbsp;10 below (&#147;Effective Date&#148;).


<P align="left" style="font-size: 11pt; text-indent: 8%">3.&nbsp;<U>Consideration</U>. Provided that Employee does not revoke this Agreement as provided
in Paragraph&nbsp;10, the Company will provide the following consideration to Employee:


<P align="left" style="font-size: 11pt; text-indent: 10%">a.&nbsp;<U>Severance Pay</U>. The Company will provide Employee six (6)&nbsp;months severance in the
amount of one hundred twelve thousand five hundred dollars ($112,500), less all required and
customary withholdings and deductions (&#147;Severance Pay&#148;). The Severance Pay will be paid to
Employee in one lump sum payment following the Effective Date of this Agreement.


<P align="left" style="font-size: 11pt; text-indent: 10%">b.&nbsp;<U>COBRA Benefits</U>. In accordance with federal and state COBRA regulations, if
Employee is currently enrolled in Ashworth&#146;s group medical coverage, Employee will be offered the
opportunity to continue that coverage at Employee&#146;s expense. In addition to severance pay, if
Employee chooses to elect COBRA, the Company will also pay Employee&#146;s COBRA premiums for six (6)
months in exchange for Employee&#146;s release of claims. After this initial six months Employee will
be responsible for COBRA premiums if Employee continues this benefit.


<P align="left" style="font-size: 11pt; text-indent: 10%">c.&nbsp;<U>Auto Allowance</U>. The Company will provide Employee six (6)&nbsp;months auto allowance in
the amount of six thousand ($6,000), less all required and customary withholdings and deductions.
The Auto Allowance will be paid to Employee in one lump sum payment following the Effective Date of
this Agreement.


<P align="left" style="font-size: 11pt; text-indent: 10%">d.&nbsp;<U>Valid Consideration</U>. Employee agrees that the Severance Pay shall be in the nature
of a severance benefit only and its existence shall not entitle Employee to any rights as an
employee of the Company. Employee acknowledges that he would not otherwise be entitled to the
consideration set forth in this paragraph were it not for the covenants, promises, and releases set
forth herein.


<P align="left" style="font-size: 11pt; text-indent: 8%">4.&nbsp;<U>Tax Liability</U>. Employee represents and warrants that neither the Company nor its
attorneys nor anyone affiliated with the Company has made any representations regarding the
taxability of the Severance Payment and that Employee has not relied upon any such representation
in entering into this Agreement. Employee further represents and warrants that he shall be solely
responsible for the payment of any and all federal, state and local taxes which may become due, if
any, as a result of the Severance Payment. Employee shall hold the Company harmless from and
indemnify it for the payment of any taxes (including interest) or penalties, and any costs or
attorneys&#146; fees related to such payment, if any, that may be asserted against it by any government
agency at any time as a result of the Severance Payment.


<P align="left" style="font-size: 11pt; text-indent: 8%">5.&nbsp;<U>No Vesting of Stock Options</U>. Employee acknowledges and agrees that any stock
options granted to Employee but not vested as of the Separation Date are forfeited. Employee
further waives all rights to unvested options under any other agreement and any unvested options
will not vest at any time in the future as a result of Employee&#146;s Separation on May&nbsp;21, 2007.


<P align="left" style="font-size: 11pt; text-indent: 8%">6.&nbsp;<U>No Amounts Owing</U>. Employee acknowledges and agrees that he has been paid all wages
due and owing to him as of the Separation Date. Employee further acknowledges and agrees that no
additional compensation is or will be due to him from the Company.


<P align="left" style="font-size: 11pt; text-indent: 8%">7.&nbsp;<U>Release by Employee</U>. Employee agrees for Employee, Employee&#146;s heirs, executors,
administrators, successors and assigns to forever release and discharge the Employer and its
subsidiaries, related companies, parents, successors and assigns, officers, directors, agents,
employees and former employees from any and all claims, debts, promises, agreements, demands,
causes of action, attorneys&#146; fees, losses and expenses of every nature whatsoever, known or
unknown, suspected or unsuspected, filed or unfiled, arising prior to the Effective Date of this
Agreement, or arising out of or in connection with Employee&#146;s employment by and separation from the
Employer or any affiliate of the Employer. This total release includes, but is not limited to, all
claims arising directly or indirectly from Employee&#146;s employment with the Employer and the
separation of that employment; claims or demands related to salary, bonuses, commissions, stock,
stock options, vacation pay, fringe benefits and expense reimbursements pursuant to any federal,
state or local law or cause of action, including, but not limited to, breach of contract, breach of
the implied covenant of good faith and fair dealing, infliction of emotional harm, wrongful
discharge, violation of public policy, defamation and impairment of economic opportunity; violation
of the California Fair Employment and Housing Act, the California Labor Code, the California
Constitution; and any claims for violation of the Civil Rights Act of 1866, Title VII of the Civil
Rights Act of 1964, the Age Discrimination in Employment Act of 1967, the Older Workers&#146; Benefit
Protection Act, the Americans With Disabilities Act of 1990, and any private attorney general
action under the California Business &#038; Professions Code &#167;17200.


<P align="left" style="font-size: 11pt; text-indent: 8%">8.&nbsp;<U>Waiver of Unknown Claims</U>. Employee expressly waives all of the benefits and rights
granted to Employee pursuant to California Civil Code section 1542, or any similar statute in any
state, which reads as follows:


<P align="left" style="margin-left:8%; margin-right:8%; font-size: 11pt">A general release does not extend to claims which the creditor does
not know or suspect to exist in his or her favor at the time of
executing the release, which if known by him or her must have
materially affected his or her settlement with the debtor.


<P align="left" style="font-size: 11pt">Employee certifies that he has read all of this Agreement, including the release provisions
contained herein and the quoted Civil Code section, and fully understands all of the same.


<P align="left" style="font-size: 11pt; text-indent: 8%">9.&nbsp;<U>Acknowledgment of Rights and Waiver of Claims Under the Age Discrimination in
Employment Act (&#147;ADEA&#148;)</U>. Employee acknowledges that he is knowingly and voluntarily waiving
and releasing any rights he may have under the Age Discrimination in Employment Act of 1967
(&#147;ADEA&#148;). He also acknowledges that the consideration given for the waiver and release in the
preceding paragraphs hereof is in addition to anything of value to which he was already entitled.
Employee further acknowledges that he has been advised by this writing, as required by the Older
Workers&#146; Benefit Protection Act, that: (a)&nbsp;his waiver and release does not apply to any rights or
claims that may arise after the Effective Date of this Agreement; (b)&nbsp;he should consult with an
attorney prior to executing this Agreement; (c)&nbsp;he has at least twenty-one (21)&nbsp;days to consider
this Agreement (although he may by his own choice execute this Agreement earlier); (d)&nbsp;he has seven
(7)&nbsp;days following the execution of this Agreement by the parties to revoke the Agreement; and (e)
this Agreement shall not be effective until the date upon which the revocation period has expired,
which is the Effective Date as set forth in Paragraph&nbsp;2. Employee may revoke this Release only by
giving the Company formal, written notice of his revocation of this Release, addressed to: Peter
Weil, Executive VP &#038; CEO, Ashworth, Inc., 2765 Loker Ave., Carlsbad, California 92010, to be
received by the Company by the close of business on the seventh day following Employee&#146;s execution
of this Release.


<P align="left" style="font-size: 11pt; text-indent: 8%">10.&nbsp;<U>Waiver of Future Employment</U>. Employee hereby agrees that he will not knowingly
apply for, seek or accept employment with Employer, its parent, subsidiary or related companies.
Employee further agrees that neither Employer nor its parent, subsidiary or related companies is
obligated to offer employment to Employee, regardless of the circumstances, at any time in the
future. Further, if Employee is hired by Employer, its parent company or any subsidiary or related
company, this Agreement shall constitute good cause for termination of his employment.


<P align="left" style="font-size: 11pt; text-indent: 8%">11.&nbsp;<U>Return of Company Property</U>. Employee hereby represents and warrants that he will
immediately return to the Company all Company property and documents in his possession including,
but not limited to, Company files, notes, records, computer recorded information, tangible
property, credit cards, entry cards, pagers, identification badges, cellular phones, laptops and
keys.


<P align="left" style="font-size: 11pt; text-indent: 8%">12.&nbsp;<U>Confidential, Trade Secret and Proprietary Information</U>. Employee shall not
publish, disclose, or utilize any proprietary, trade secret or other confidential information
belonging to the Company or any third party doing business with the Company which Employee obtained
in the course or scope of his employment with the Company. Employee acknowledges that the
Company&#146;s proprietary, trade secret and confidential information specifically includes, but is not
limited to, pricing information, customer buying and selling habits and special needs, confidential
customer and vendor contact information, customer lease expiration, customer credit information,
the Company&#146;s proprietary software, accounting records, marketing strategies, business plans,
unique methods and procedures regarding pricing and advertising, employee personnel information,
purchasing and leasing guidelines, collection procedures and payment histories.


<P align="left" style="font-size: 11pt; text-indent: 8%">13.&nbsp;<U>Mutual Non-Disparagement</U>. Employer and Employee agree and promise that they will
not make derogatory or disparaging statements about the other (in the case of the Company,
including any parent companies or subsidiaries, or their employees, officers and directors) and
that they will not induce or incite claims by any other individual(s) or entity.


<P align="left" style="font-size: 11pt; text-indent: 8%">14.&nbsp;<U>Entire Agreement</U>. This Agreement embodies the entire agreement of all the parties
hereto who have executed it and supersedes any and all other agreements, understandings,
negotiations, or discussions, either oral or in writing, express or implied, between the parties to
this Agreement. The parties to this Agreement each acknowledge that no representations,
inducements, promises, agreements or warranties, oral or otherwise, have been made by them, or
anyone acting on their behalf, which are not embodied in this Agreement; that they have not
executed this Agreement in reliance on any representation, inducement, promise, agreements,
warranty, fact or circumstances, not expressly set forth in this Agreement; and that no
representation, inducement, promise, agreement or warranty not contained in this Agreement
including, but not limited to, any purported settlements, modifications, waivers or terminations of
this Agreement, shall be valid or binding, unless executed in writing by all of the parties to this
Agreement. This Agreement may be amended, and any provision herein waived, but only in writing,
signed by the party against whom such an amendment or waiver is sought to be enforced.


<P align="left" style="font-size: 11pt; text-indent: 8%">15.&nbsp;<U>Ownership of Claims.</U> Employee represents and warrants that he is the sole and
lawful owner of all rights, title and interest in and to all released matters, claims and demands
referred to herein. He further represents and warrants that there has been no assignment or other
transfer of any interest in such matter, claims or demands which Employee may have against the
Company.


<P align="left" style="font-size: 11pt; text-indent: 8%">16.&nbsp;<U>Binding Nature</U>. This Agreement, and all the terms and provisions contained
herein, shall bind the heirs, personal representatives, successors and assigns of Employee, and
only inure to the benefit of the Company, its agents, directors, officers, employees, servants,
successors, and assigns.


<P align="left" style="font-size: 11pt; text-indent: 8%">17.&nbsp;<U>Construction.</U> This Agreement shall not be construed in favor of one party or
against the other.


<P align="left" style="font-size: 11pt; text-indent: 8%">18.&nbsp;<U>Partial Invalidity</U>. Should any portion, word, clause, phrase, sentence or
paragraph of this Agreement be declared void or unenforceable, such portion shall be considered
independent and severable from the remainder, the validity of which shall remain unaffected.


<P align="left" style="font-size: 11pt; text-indent: 8%">19.&nbsp;<U>Compliance with Terms</U>. The failure to insist upon compliance with any term,
covenant or condition contained in this Agreement shall not be deemed a waiver of that term,
covenant or condition, nor shall any waiver or relinquishment of any right or power contained in
this Agreement at any one time or more times be deemed a waiver or relinquishment of any right or
power at any other time or times.


<P align="left" style="font-size: 11pt; text-indent: 8%">20.&nbsp;<U>Enforcement Costs</U>. Employee agrees that in the event Employee breaches any
provision of this Agreement, Employee shall pay all costs and reasonable attorney&#146;s fees incurred
in conjunction with enforcement of this Agreement to the extent permitted by law.


<P align="left" style="font-size: 11pt; text-indent: 8%">21.&nbsp;<U>Governing Law and Jurisdiction</U>. This Agreement shall be governed by the laws of
the State of California, both as to interpretation and performance.


<P align="left" style="font-size: 11pt; text-indent: 8%">22.&nbsp;<U>Section&nbsp;Headings</U>. The section and paragraph headings contained in this Agreement
are for reference purposes only and shall not affect in any way the meaning or interpretation of
this Agreement.


<P align="left" style="font-size: 11pt; text-indent: 8%">23.&nbsp;<U>Counterparts</U>. This Agreement may be executed in counterparts. Each counterpart
shall be deemed an original, all of which together shall constitute one and the same instrument.


<P align="left" style="font-size: 11pt; text-indent: 8%">24.&nbsp;<U>No Admissions</U>. It is understood and agreed by the parties that this Agreement
shall not be construed to be an admission of any liability or obligation by either party to the
other party or any other person.


<P align="left" style="font-size: 11pt; text-indent: 8%">25.&nbsp;<U>Voluntary and Knowing</U>. This Agreement is executed voluntarily and without any
duress or undue influence on the part or behalf of the parties hereto.


<P align="left" style="font-size: 11pt; text-indent: 4%">IN WITNESS WHEREOF, the parties have executed this Agreement on the respective dates set forth
below.

<DIV align="center">
<TABLE style="font-size: 11pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="33%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dated: May&nbsp;25, 2007
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">COMPANY</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Signature: /s/James B. Hayes</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">James B. Hayes<BR>
Chairman of the Board, Ashworth, Inc.</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dated: May&nbsp;25, 2007
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">EMPLOYEE</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Signature:/s/Peter Holmberg</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Peter Holmberg</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt; display: none">


<!-- v.012306 -->
</BODY>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>5
<FILENAME>exhibit4.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
<HTML>
<HEAD>
<TITLE> EX-99.1 </TITLE>
</HEAD>
<BODY TEXT="#000000" BGCOLOR="#FFFFFF" ALINK="#0000FF" HLINK="#FF0000" VLINK="#800080">

<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="left" style="font-size: 10pt"><FONT style="font-size: 10pt"><B>Contacts: Exhibit&nbsp;99.1</B>
<BR>
James B. Hayes, Chairman
<BR>
Peter M. Weil, CEO
<BR>
(760)&nbsp;929-6100
</FONT>

<P align="left" style="font-size: 10pt"><B>FOR IMMEDIATE RELEASE</B>


<P align="center" style="font-size: 10pt"><B>ASHWORTH, INC. ANNOUNCES MANAGEMENT CHANGES AND WORKFORCE REDUCTIONS</B>



<P align="center" style="font-size: 10pt"><B>Eddie Fadel Returns As President</B>



<P align="left" style="font-size: 10pt"><B>CARLSBAD, Calif., May&nbsp;23, 2007 </B>&#150; Ashworth, Inc., (NASDAQ:ASHW), a leading designer of on course
golf apparel and golf-inspired lifestyle sportswear, today announced a series of personnel changes:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Edward (&#147;Eddie&#148;) J. Fadel has returned to Ashworth as President, effective immediately.
Mr.&nbsp;Fadel will oversee all of Ashworth&#146;s sales, customer service and sourcing and will
have shared responsibility for design with John Ashworth. Mr.&nbsp;Fadel worked at Ashworth
between 2001 and 2004 and most recently served as Senior Vice President of Merchandising
and Design. During that time, Mr.&nbsp;Fadel supervised both the Ashworth and Callaway Golf
divisions and launched the Callaway Golf apparel line.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Gary I. (Sims) Schneiderman, President, has left the Company to pursue other interests.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Peter E. Holmberg, Executive Vice President &#151; Green Grass Sales and Merchandising, has
resigned in order to return to his home in Seattle.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As part of its ongoing cost reduction initiatives and in an effort to streamline the
Company, 16 staff positions have been eliminated. The Company is implementing this
workforce reduction to better align its cost structure with its core business strategy.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&#147;We are delighted to welcome Eddie back to the Ashworth team,&#148; said Peter M. Weil, Chief Executive
Officer of Ashworth. &#147;Eddie is a proven leader with unmatched experience in the apparel and golf
industries. He brings to Ashworth a deep understanding of our customers, our business and our
strategic vision. With more than 30&nbsp;years of experience in the apparel industry, including
approximately 20&nbsp;years in the golf industry, Eddie is uniquely qualified to help Ashworth further
capitalize on the progress we are making.&#148;


<P align="left" style="font-size: 10pt">Mr.&nbsp;Fadel, 51, most recently served as Vice President of Merchandising at Greg Norman / Reebok.
Previously, he served as Chief Strategist of Apparel at Ahead where he formulated apparel and
headwear strategies for both the Ahead men&#146;s line and Kate Lord women&#146;s line. Prior to that, Mr.
Fadel served as Senior Vice President of Merchandising and Design at Ashworth from 2002 to 2004.
Mr.&nbsp;Fadel joined Ashworth in 2001 and served as Vice President &#151; Callaway Golf Apparel
Merchandising &#038; Design until his promotion in 2002. Mr.&nbsp;Fadel worked as a consultant with various
apparel manufacturers from 2000 until 2001. Prior to that, Mr.&nbsp;Fadel founded and served as
President of Elandale Golfwear, a women&#146;s sportswear producer, from 1995 to 2000 and as President
of Cutter &#038; Buck Big &#038; Tall (a division of The Jeremy Dold Co.) from 1992 to 1995.


<P align="left" style="font-size: 10pt">Mr.&nbsp;Weil added, &#147;We greatly appreciate the many valuable contributions from Gary Sims and Peter
Holmberg and their years of service to Ashworth. We wish both Gary and Peter only the best in
their future endeavors.&#148;


<P align="left" style="font-size: 10pt">&#147;Long-term sustainable profitability is and has always been one of Ashworth&#146;s top priorities,&#148; said
James B. Hayes, Chairman of Ashworth&#146;s Board of Directors.&nbsp; &#147;Our Board and management team are
confident that the steps we are taking today will help ensure the long-term health and
competitiveness of the Company and create value for all of our stockholders.&#148;


<P align="left" style="font-size: 10pt">&#147;The decision to reduce our workforce is an extremely difficult, but necessary decision for
Ashworth,&#148; added Mr.&nbsp;Weil. &nbsp;&#147;We are committed to minimizing the impact on the affected employees
and providing them with severance and other benefits that recognize their valued contributions to
this Company.&#148;


<P align="left" style="font-size: 10pt"><B>About Ashworth, Inc.</B>


<P align="left" style="font-size: 10pt">Ashworth, Inc. (NASDAQ: ASHW) is a leading designer of men&#146;s and women&#146;s golf-inspired lifestyle
sportswear distributed domestically and internationally in golf pro shops, resorts, upscale
department and specialty stores and to corporate customers. Ashworth&#146;s three market-leading brands
include: Ashworth Collection &#153;, a range of upscale sportswear designed to be worn on and off
course; Ashworth Authentics &#153;, which showcases popular items from the Ashworth line; and
Ashworth Weather Systems&#174;, a technical performance line. Ashworth is also an Official Apparel
Licensee of Callaway Golf Company.


<P align="left" style="font-size: 10pt">Ashworth is also a leading designer, producer and distributor of headwear and apparel under The
Game&#174; and Kudzu&#174; brands. The Game is a leading headwear brand to collegiate bookstores and Kudzu
products are sold into the NASCAR/racing markets and through outdoors sports distribution channels,
including fishing and hunting. Ashworth is also the exclusive on-site event merchandiser for the
Kentucky Derby.


<P align="left" style="font-size: 10pt">For more information, please visit the Company&#146;s Web site at <U>www.ashworthinc.com</U>.


<P align="left" style="font-size: 10pt"><B>Forward-Looking Statements</B>


<P align="left" style="font-size: 10pt">This press release contains forward-looking statements related to the Company&#146;s market position,
finances, operating results, marketing and business plans and strategies within the meaning of
Section&nbsp;27A of the Securities Act, as amended, and Section&nbsp;21E of the Securities Exchange Act of
1934, as amended. These forward-looking statements may contain the words &#147;believes,&#148;
&#147;anticipates,&#148; &#147;expects,&#148; &#147;predicts,&#148; &#147;estimates,&#148; &#147;projects,&#148; &#147;will be,&#148; &#147;will continue,&#148; &#147;will
likely result,&#148; or other similar words and phrases. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date hereof. The Company
undertakes no obligation to update any forward-looking statements, whether as a result of new
information, changed circumstances or unanticipated events unless required by law. These
statements involve risks and uncertainties that could cause actual results to differ materially
from those projected. These risks include the uncertainties associated with implementing a
successful transition in executive leadership, the continued willingness of our lenders to provide
waivers of compliance with financial covenants, the evaluation of strategic alternatives that may
be presented, timely development and acceptance of new products, as well as strategic alliances,
the integration of the Company&#146;s acquisition of Gekko Brands, LLC, the impact of competitive
products and pricing, the success of the Callaway Golf apparel product line, the preliminary nature
of bookings information, the ongoing risk of excess or obsolete inventory, the potential inadequacy
of booked reserves, the successful operation of the distribution facility in Oceanside, CA, the
successful implementation of the Company&#146;s ERP system, and other risks described in Ashworth,
Inc.&#146;s SEC reports, including the annual report on Form&nbsp;10-K for the year ended October&nbsp;31, 2006,
quarterly reports on Form 10-Q filed thereafter and amendments to any of the foregoing reports,
including the Form&nbsp;10-K/A for the year ended October&nbsp;31, 2006.


<P align="center" style="font-size: 10pt"># # #




<P align="center" style="font-size: 10pt; display: none">


<!-- v.012306 -->
</BODY>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
