Exhibit 10.1

EXECUTIVE SEPARATION AGREEMENT

This EXECUTIVE SEPARATION AGREEMENT (this “Agreement”) is entered into as of September 16, 2025 (the “Execution Date”) by and among Outdoor Holding Company, a Delaware corporation (the “Company”), and the Company’s Executive Vice President, Tod Wagenhals, an individual (“Executive”). The Company and Executive are hereafter referred to collectively as the “Parties” and individually as a “Party”.

RECITALS

WHEREAS, Executive has been employed by the Company on an at-will basis, serving as the Company’s Executive Vice President; and

WHEREAS, the Parties wish to conclude Executive’s at-will employment with the Company in the manner set forth herein.

NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth hereinafter, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows:

AGREEMENT

if to Executive, then to Executive’s personal and physical email addresses in the Company’s records as of the date hereof:

Tod Wagenhals

11381 Helm Dr.

Scottsdale, Az. 85255

Email: todwags@aol.com

if to the Company, then to:

Outdoor Holding Company

Attention: Jordan Christensen – Chief Legal Officer

Email: jordan.christensen@outdoorholding.com

[Signature page follows.]

IN WITNESS WHEREOF, the Parties have executed this Executive Separation Agreement as of the day and year first above written.

OUTDOOR HOLDING COMPANY

{Signature Page to

Executive Separation Agreement}

EXHIBIT A

RELEASE OF CLAIMS REAFFIRMATION

In exchange for the Separation Compensation set forth in Section 2 of the Executive Separation Agreement (the “Agreement”) to which this Exhibit A is attached, I knowingly and voluntarily execute this Release of Claims Reaffirmation (this “Reaffirmation”). By my free and voluntary act of signing below, I acknowledge that:

1. The purpose of this Reaffirmation is to release claims, as set forth in Section 6 of the Agreement, that arose or could have arisen from the date I signed the Agreement through the date I sign this Reaffirmation.

2. I have been given twenty-one (21) days to review this Reaffirmation and to review the release of claims set forth in Section 6 of the Agreement and have been advised in writing to consult with an attorney prior to executing this Reaffirmation. I understand that by signing this Reaffirmation, I am specifically releasing and waiving all claims against all Company Releasees, as set forth in Section 6 of the Agreement, including claims under the Age Discrimination in Employment Act (“ADEA”) (therein and hereinafter referred to as “ADEA Claims”), that arose or could have arisen from the date I signed the Agreement through the date I sign this Reaffirmation. I understand that my release of claims pursuant to this Reaffirmation includes a waiver of all known and unknown claims to the fullest extent permitted by law, and I expressly waive any rights under any law that purports to limit the scope of such a release.

3. I agree that any changes to this Reaffirmation, whether material or immaterial, will not restart the running of the twenty-one (21) day review period. I understand that I may use as much or as little of the twenty-one (21) day review period as I wish before executing this Reaffirmation. To be effective, this signed Reaffirmation must be returned to the Company, Attn: Jordan Christensen, Chief Legal Officer, at jordan.christensen@outdoorholding.com, no later than the end of the twenty-one (21) day review period.

4. I shall have seven (7) days following my execution of this Reaffirmation to revoke my release of ADEA Claims only pursuant to this Reaffirmation and that, on the eighth (8th) day following execution of this Reaffirmation, if I have not revoked my release of ADEA Claims hereunder, this Reaffirmation shall become irrevocable and effective (the “Reaffirmation Effective Date”). In the event of revocation by me of my ADEA Claims pursuant to this Reaffirmation, I forfeit my right to the Separation Compensation except that the Company shall pay me the sum of $1,000.00 (“Reaffirmation Release Consideration”), which I agree is sufficient consideration for the release and waiver of all other claims against all Company Releasees pursuant to this Reaffirmation.

5. I understand that the Separation Compensation described in Section 2 of the Agreement constitutes consideration to which I would not be entitled absent my timely execution and non-revocation of the Agreement and this Reaffirmation.

6. I fully understand the terms and conditions of the Agreement and I am signing this Reaffirmation, including the release of claims set forth herein, voluntarily and without coercion or undue influence. I affirm that I have not relied on any representations or statements that are not expressly set forth in the Agreement or this Reaffirmation, and I further affirm that I am not aware of any claims or facts that would give rise to a claim against any of the Company Releasees that have not been disclosed in writing prior to signing this Reaffirmation.

[Signature page follows.]

{Exhibit A to

Executive Separation Agreement}

EXECUTIVE:

{Signature Page to Exhibit A to

Executive Separation Agreement}