Exhibit 10.35

INSTRUMENT OF AMENDMENT

INSTRUMENT OF AMENDMENT, dated as of December             , 2011, by and between
Golfsmith International Holdings, Inc., a Delaware corporation, and its
subsidiaries (collectively, the “Company”), and [NAME OF EXECUTIVE]
(“Executive”), to the Confidentiality, Intellectual Property and Non-Compete
Agreement, dated as of [DATE], between the Company and Executive (the
“Noncompete Agreement”) (capitalized terms used but not defined herein shall
have the respective meanings given such terms in the Noncompete Agreement).

W I T N E S S E T H:

WHEREAS, the Company and Executive have entered into the Noncompete Agreement;

WHEREAS, in order to receive certain severance payments under the Noncompete
Agreement, the Executive’s employment must be involuntarily terminated by the
Company; therefore, such severance payments continue to be subject to a
“substantial risk of forfeiture,” as that term is defined in the final Treasury
regulations under Section 409A of the Code;

WHEREAS, because such severance payments under the Noncompete Agreement continue
to be subject to a substantial risk of forfeiture, the parties have determined
that the Noncompete Agreement may be amended in accordance with the guidance set
forth in proposed Treasury Regulation Section 1.409A-4;

WHEREAS, Section 6(h) of the Noncompete Agreement provides that it may be
amended only in writing signed by Executive and a duly authorized representative
of the Company (other than Executive); and

WHEREAS, the Company and Executive desire to amend the Noncompete Agreement as
provided for herein.

NOW, THEREFORE, in consideration of the premises and of the mutual covenants
contained herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties do hereby agree as
follows:

 

  1. Section 5(b) of the Noncompete Agreement is deleted in its entirety and
replaced with the following:

“(b) Severance Amount. Provided Executive signs a release agreement (such
release agreement to be delivered and become fully irrevocable on or before the
end of the fifty (50) day period following Termination Date) and complies with
this Agreement, the Company shall pay to Executive one (1) year’s severance at
the annual rate base pay being paid to Executive as of Termination Date.”

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  2. Section 5(c) of the Noncompete Agreement is deleted in its entirety and
replaced with the following:

“(c) Severance Terms. Subject to Executive’s timely execution of the release
agreement described above, the Company shall pay the severance described above,
less required tax deductions, over the twenty-four (24) month period commencing
on the first payroll date to occur following the sixtieth (60) day after the
Termination Date, in equal installments in accordance with the Company’s payroll
procedures.”

 

        3.    (a)    In the event of any conflict between the terms of this
Instrument of Amendment and the terms of the Noncompete Agreement, the terms of
this Instrument of Amendment shall take precedence. Except as expressly modified
hereby, the Noncompete Agreement shall remain in full force and effect
throughout the entire term as set forth in the Noncompete Agreement, including
any extensions thereto.    (b)    The validity, interpretation, construction and
performance of this Instrument of Amendment shall be governed by the laws of the
State of Texas without reference to the choice of law principles thereof.    (c)
   This Instrument of Amendment may be executed in two or more counterparts, all
of which taken together shall constitute one instrument.

IN WITNESS WHEREOF, the parties hereto, intending to be legally bound, have
hereunto executed this Instrument of Amendment.

 

    GOLFSMITH INTERNATIONAL HOLDINGS, INC. Date:         By:            

Name

Title

    [NAME OF EXECUTIVE] Date:          

 

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