CCH-2013.12.31-EX10.24




JOINDER AGREEMENT
This JOINDER AGREEMENT, dated as of March 21, 2014, is delivered pursuant to Section 8.6 of the Guaranty and Security Agreement, dated as of November 30, 2010 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Guaranty and Security Agreement”), by Clubcorp, Inc., a Delaware corporation (the “Borrower”) and the 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.  Capitalized terms used herein without definition are used as defined in the Guaranty and Security Agreement.
By executing and delivering this Joinder Agreement, each of the undersigned, as provided in Section 8.6 of the Guaranty and Security Agreement, hereby become party to the Guaranty and Security Agreement as a Grantor thereunder with the same force and effect as if originally named as a Grantor therein and, without limiting the generality of the foregoing, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the respective Secured Obligations of each of the undersigned, hereby mortgages, pledges and hypothecates to the Administrative Agent for the benefit of the Secured Parties, and grants to the Administrative Agent for the benefit of the Secured Parties a lien on and security interest in, all of their rights, titles and interests in, to and under their respective Collateral, and expressly assume all obligations and liabilities of a Grantor thereunder.  The undersigned hereby agree to be bound as a Grantor for the purposes of the Guaranty and Security Agreement.
The information set forth in Annex A is hereby added to the information set forth in Schedules 1 through 6 to the Guaranty and Security Agreement.  By acknowledging and agreeing to this Joinder Agreement, the undersigned hereby agree that this Joinder Agreement may be attached to the Guaranty and Security Agreement and that the Pledged Collateral listed on Annex A to this Joinder Amendment shall be and become part of the Collateral referred to in the Guaranty and Security Agreement and shall secure all Secured Obligations of the undersigned.
Each of the undersigned hereby represent and warrant that each of the representations and warranties contained in Article IV of the Guaranty and Security Agreement applicable to it is true and correct on and as the date hereof as if made on and as of such date.
[SIGNATURE PAGES FOLLOW]





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IN WITNESS WHEREOF, the undersigned have caused this Joinder Agreement to be duly executed and delivered as of the date first above written.
CLUBCORP NV VI, LLC,
a Nevada limited liability company




By:  /s/ Curtis D. McClellan         
Name:   Curtis D. McClellan 
Title:     Treasurer 
CLUBCORP NV VII, LLC,
a Nevada limited liability company




By:  /s/ Curtis D. McClellan         
Name:   Curtis D. McClellan 
Title:     Treasurer
CLUBCORP NV VIII, LLC,
a Nevada limited liability company




By:  /s/ Curtis D. McClellan         
Name:   Curtis D. McClellan 
Title:     Treasurer
CLUBCORP NV IX, LLC,
a Nevada limited liability company




By:  /s/ Curtis D. McClellan          
Name:   Curtis D. McClellan 
Title:     Treasurer
CLUBCORP NV X, LLC,
a Nevada limited liability company




By:  /s/ Curtis D. McClellan          
Name:   Curtis D. McClellan 
Title:     Treasurer

[SIGNATURE PAGE TO JOINDER AGREEMENT (2014 CLUBCORP)]






 


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





[SIGNATURE PAGE TO JOINDER AGREEMENT (2014 CLUBCORP)]






 


ANNEX A


Supplement to Schedules 1-6 
of the Guaranty and Security Agreement












[See the attached]



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SCHEDULE 1


COMMERCIAL TORT CLAIMS


NONE



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SCHEDULE 2


FILINGS


A UCC 1 financing statement in a form satisfactory to the Administrative Agent will be filed with the filing office as listed in this Schedule 2 against each Grantor in their jurisdiction of organization.


	
			
	State
	Filing Office
	Applicable Grantors

	Nevada
	Secretary of State
	ClubCorp NV VI, LLC  
ClubCorp NV VII, LLC  
ClubCorp NV VIII, LLC  
ClubCorp NV IX, LLC  
ClubCorp NV X, LLC









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SCHEDULE 3




JURISDICTION OF ORGANIZATION; CHIEF EXECUTIVE OFFICE




	
					
	LEGAL ENTITY NAME
	Jurisdiction of Formation and Type of Entity
	Organizational Identification Number
	Chief Executive Office or Sole Place of Business
	Additional Jurisdictions where Qualified to do business

	ClubCorp NV VI, LLC
	a Nevada limited liability company
	E0088172014-3
	ClubCorp NV VI, LLC
3030 LBJ Freeway, Suite 600
Dallas, TX  75234
	NA

	ClubCorp NV VII, LLC
	a Nevada limited liability company
	E0088212014-9
	ClubCorp NV VI, LLC
3030 LBJ Freeway, Suite 600
Dallas, TX  75234
	NA

	ClubCorp NV VIII, LLC
	a Nevada limited liability company
	E0088482014-0
	ClubCorp NV VI, LLC
3030 LBJ Freeway, Suite 600
Dallas, TX  75234
	NA

	ClubCorp NV IX, LLC
	a Nevada limited liability company
	E0088522014-6
	ClubCorp NV VI, LLC
3030 LBJ Freeway, Suite 600
Dallas, TX  75234
	NA

	ClubCorp NV X, LLC
	a Nevada limited liability company
	E0088562014-0
	ClubCorp NV VI, LLC
3030 LBJ Freeway, Suite 600
Dallas, TX  75234
	NA









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SCHEDULE 4




LOCATION OF INVENTORY AND EQUIPMENT




	
		
	GRANTOR
	LOCATIONS

	ClubCorp NV VI, LLC
	ClubCorp NV VI, LLC
3030 LBJ Freeway, Suite 600
Dallas, TX  75234

	ClubCorp NV VII, LLC
	ClubCorp NV VI, LLC
3030 LBJ Freeway, Suite 600
Dallas, TX  75234

	ClubCorp NV VIII, LLC
	ClubCorp NV VI, LLC
3030 LBJ Freeway, Suite 600
Dallas, TX  75234

	ClubCorp NV IX, LLC
	ClubCorp NV VI, LLC
3030 LBJ Freeway, Suite 600
Dallas, TX  75234

	ClubCorp NV X, LLC
	ClubCorp NV VI, LLC
3030 LBJ Freeway, Suite 600
Dallas, TX  75234







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SCHEDULE 5


PLEDGED COLLATERAL




Part 1. Pledged Certificated Stock to be delivered to the Administrative Agent


NONE






Part 2. Pledged Uncertificated Stock and Pledged Certificated Stock – delivery of which is not required


NONE






Part 3. Pledged Debt


NONE





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SCHEDULE 6


REGISTERED TRADEMARKS (USA)


NONE


REGISTERED TRADEMARKS (FOREIGN)


NONE




COPYRIGHT REGISTRATIONS (USA OR FOREIGN)


NONE




PATENT REGISTRATIONS (USA OR FOREIGN)


NONE




DOMAIN NAMES


NONE







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