Exhibit 10.2
 
PLEDGE AMENDMENT
 
This PLEDGE AMENDMENT, dated as of January 16, 2013, is delivered pursuant to
Section 8.7 of the Guaranty and Security Agreement, dated as of November 30,
2010, among CCA Club Operations Holdings, LLC, a Delaware limited liability
company (“Holdings”), ClubCorp Club Operations, Inc., a Delaware corporation
(the “Borrower”), the undersigned Grantor and the other Affiliates of the
Borrower from time to time party thereto as Grantors in favor of Citicorp North
America, Inc., as administrative agent and collateral agent for the Secured
Parties referred to therein (the “Guaranty and Security Agreement”). Capitalized
terms used herein without definition are used as defined in the Guaranty and
Security Agreement.
The undersigned hereby agrees that this Pledge Amendment may be attached to the
Guaranty and Security Agreement and that the Pledged Collateral listed on
Schedule 1 to this Pledge Amendment shall be and become part of the Collateral
referred to in the Guaranty and Security Agreement and shall secure all
Obligations of the undersigned.
The undersigned hereby represents and warrants that each of the representations
and warranties contained in Article IV of the Guaranty and Security Agreement is
true and correct as of the date hereof as if made on and as of such date.
 

 
CLUBCORP USA, INC.
 
 
 
 
 
By:
/s/ Curtis D. McClellan
 
Name:
Curtis D. McClellan
 
Title:
Treasurer

 

    

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ACKNOWLEDGED AND AGREED
 
as of the date first above written:
 
 
 
 
 
CITICORP NORTH AMERICA, INC.
 
as Administrative Agent
 
 
 
By:
/s/John C. Rowland
 
 
Name: John C. Rowland
 
 
Title: Vice President
 

 

    

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Schedule 1
 
PLEDGED EQUITY
 

ISSUER
 
CLASS
 
PAR VALUE
 
NUMBER OF
SHARES,
UNITS OR
INTERESTS
 
ClubCorp NV I, LLC
 
N/A
 
N/A
 
100%
 
ClubCorp NV II, LLC
 
N/A
 
N/A
 
100%
 
ClubCorp NV III, LLC
 
N/A
 
N/A
 
100%
 
ClubCorp NV IV, LLC
 
N/A
 
N/A
 
100%
 
ClubCorp NV V, LLC
 
N/A
 
N/A
 
100%