Document:

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                                                                   EXHIBIT 10.12

                               AMENDMENT NO. 4 TO
                  AMENDED AND RESTATED REVOLVING LOAN AGREEMENT

            THIS AMENDMENT NO. 4 TO AMENDED AND RESTATED REVOLVING LOAN
AGREEMENT (this "Amendment"), dated as of January 2, 2004, is entered into by
and among the financial institutions listed on the signature pages hereof
(individually, a "Lender" and collectively, the "Lenders"), Union Bank of
California, N.A., as Administrative Agent (in such capacity, the "Administrative
Agent"), Comerica Bank (formerly Comerica Bank-California), as Collateral Agent,
and ViaSat, Inc., a Delaware corporation (the "Borrower"), with reference to the
following facts:

                                    RECITALS

            A. The Borrower, the Lenders, the Administrative Agent and the
Collateral Agent are parties to the Amended and Restated Revolving Loan
Agreement, dated as of December 31, 2002, as amended (the "Loan Agreement"),
pursuant to which the Lenders have provided the Borrower with a Revolving Loan
facility and a subfacility for Letters of Credit.

            B. The parties wish to amend the Loan Agreement to remove the
borrowing base restrictions under the Revolving Loan facility and to amend the
Leverage Ratio Covenant.

                                    AGREEMENT

            NOW, THEREFORE, the parties hereby agree as follows:

      1. Defined Terms. Any and all initially capitalized terms used in this
Amendment (including, without limitation, in the recitals hereto) without
definition shall have the respective meanings specified in the Loan Agreement.

      2. Removal of Borrowing Base Provisions.

                  A. Deletion of Borrowing Base-Related Definitions. The
      definitions of "Account Debtor", "Accounts", "Accounts Receivable Aging
      Report", "Accounts Receivable Reconciliation Report", "Borrowing Base
      Certificate", "Eligible Account", "Eligible Inventory" and "Inventory" are
      hereby deleted in their entirety.

                  B. Deletion of Borrowing Base Certificate Exhibit. Exhibit A
      to the Loan Agreement is hereby amended to read as follows:

                  "EXHIBIT A

                  [Reserved]."

                                      -1-
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                  C. Amendment to Revolving Loan Facility Provision. Section
      2.1(a) of the Loan Agreement is hereby amended by deleting therefrom the
      words "the lesser of (x) the then applicable Borrowing Base or (y)".

      3. Amendment to Leverage Ratio Covenant. Section 6.12 of the Loan
Agreement is hereby amended to read in full as follows:

            "6.12  Leverage Ratio.  Permit the Leverage Ratio as of the last
            day of any Fiscal Quarter to be greater than 1.50 to 1.00."

      4. Amendment Fee. In consideration of the Lenders' agreement to enter into
this Amendment and provide the Borrower with the accommodations described
herein, on the effective date of this Amendment, the Borrower shall pay to the
Administrative Agent, for the ratable benefit of the Lenders, a one-time fee of
$5,000 (the "Amendment Fee"). The Borrower acknowledges and agrees that, at the
Administrative Agent's option, the Administrative Agent may effect payment of
the Amendment Fee by charging the full amount of such fee, when due, to the
Borrower's Revolving Loan account or to the Borrower's checking account at Union
Bank of California, N.A.

      5. Condition Precedent. The effectiveness of this Amendment shall be
subject to the prior satisfaction of each of the following conditions:

                  (a) This Amendment. The Administrative Agent shall have
      received an original of this Amendment, duly executed by the Borrower and
      each of the Lenders;

                  (b) Certificate. The Assistant Secretary of Borrower shall
      have executed the Certificate of Resolution attached to this Amendment;
      and

                  (c) Other Documents. The Borrower shall have executed and
      delivered to the Administrative Agent such other documents and
      instruments, if any, as the Administrative Agent may reasonably require.

      6. Miscellaneous.

                  (a) Survival of Representations and Warranties. All
      representations and warranties made in the Loan Agreement or in any other
      document or documents relating thereto, including, without limitation, any
      Loan Document furnished in connection with this Amendment, shall survive
      the execution and delivery of this Amendment and the other Loan Documents,
      and no investigation by the Administrative Agent or the Lenders or any
      closing shall affect the representations and warranties or the right of
      the Administrative Agent or any Lender to rely thereon.

                  (b) No Events of Default. The Borrower is not aware of any
      events which now constitute, or with the passage of time or the giving of
      notice, or both, would constitute, an Event of Default under the Loan
      Agreement.

                                      -2-
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                  (c) Reference to Loan Agreement. The Loan Agreement, each of
      the other Loan Documents, and any and all other agreements, documents or
      instruments now or hereafter executed and delivered pursuant to the terms
      hereof, or pursuant to the terms of the Loan Agreement as amended hereby,
      are hereby amended so that any reference therein to the Loan Agreement
      shall mean a reference to the Loan Agreement as amended hereby.

                  (d) Loan Agreement Remains in Effect. The Loan Agreement and
      the other Loan Documents remain in full force and effect and the Borrower
      ratifies and confirms its agreements and covenants contained therein. The
      Borrower hereby confirms that, after giving effect to this Amendment, no
      Event of Default or Default exists as of such date.

                  (e) Severability. Any provision of this Amendment held by a
      court of competent jurisdiction to be invalid or unenforceable shall not
      impair or invalidate the remainder of this Amendment and the effect
      thereof shall be confined to the provision so held to be invalid or
      unenforceable.

                  (f) APPLICABLE LAW. THIS AMENDMENT AND ALL OTHER LOAN
      DOCUMENTS EXECUTED PURSUANT HERETO SHALL BE DEEMED TO HAVE BEEN MADE AND
      TO BE PERFORMABLE IN THE STATE OF CALIFORNIA AND SHALL BE GOVERNED BY AND
      CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA.

                  (g) Successors and Assigns. This Amendment is binding upon and
      shall inure to the benefit of the Lenders and the Borrower and their
      respective successors and assigns; provided, however, that the Borrower
      may not assign or transfer any of its rights or obligations hereunder
      without the prior written consent of the Lenders.

                  (h) Counterparts. This Amendment may be executed in one or
      more counterparts, each of which when so executed shall be deemed to be an
      original, but all of which when taken together shall constitute one and
      the same instrument.

                  (i) Headings. The headings, captions and arrangements used in
      this Amendment are for convenience only and shall not affect the
      interpretation of this Amendment.

                  (j) NO ORAL AGREEMENTS. THIS AMENDMENT, TOGETHER WITH THE
      OTHER LOAN DOCUMENTS AS WRITTEN, REPRESENTS THE FINAL AGREEMENT BETWEEN
      THE LENDERS AND THE BORROWER AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
      PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE
      ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE LENDERS AND THE BORROWER.

                                      -3-
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            IN WITNESS WHEREOF, the parties have entered into this Amendment by
their respective duly authorized officers as of the date first above written.

                                    VIASAT, INC.

                                    By: /s/ Rongald G. Wangerin
                                        ----------------------------------
                                          Ronald G. Wangerin
                                          Vice President and Chief
                                          Financial Officer

                                    UNION BANK OF CALIFORNIA, N.A., as the
                                    Administrative Agent

                                    By: /s/ Douglas S. Lambell
                                        ----------------------------------
                                          Douglas S. Lambell
                                          Vice President

                                    COMERICA BANK-CALIFORNIA,
                                    as the Collateral Agent

                                    By: /s/ Michael E. Conboy
                                        ----------------------------------
                                    Name: Michael E. Conboy
                                          --------------------------------
                                    Title: Senior Vice President,
                                           General Manager
                                           -------------------------------

                                    UNION BANK OF CALIFORNIA, N.A., as a
                                    Lender

                                    By: /s/ Douglas S. Lambell
                                        ----------------------------------
                                          Douglas S. Lambell
                                          Vice President

                                    COMERICA BANK - CALIFORNIA,
                                    as a Lender

                                    By: /s/ Michael E. Conboy
                                        ----------------------------------
                                    Name: Michael E. Conboy
                                          --------------------------------
                                    Title: Senior Vice President,
                                           General Manager
                                           -------------------------------

                                      -4-<PAGE>
                                                                   Exhibit 10.23

                    Golfsmith 2004 Management Incentive Plan
                                  ("2004 MIP")

1.   Eligible Employees - In order to participate in the 2004 MIP, an employee
     must (a) be a full-time, salaried employee; (b) have been actively employed
     for ninety (90) consecutive days during Fiscal 2004; and (c) be actively
     employed by Golfsmith on the date that incentive awards are paid out
     ("Eligible Employee").

     An employee who has received a termination warning within three (3) months
     prior to a date that an incentive award is paid out is not an Eligible
     Employee and will not receive an incentive award for the applicable
     Measurement Period.

     An Eligible Employee who is employed for part of Fiscal 2004 will receive a
     pro rata portion of any incentive award based on their length of service
     during Fiscal 2004.

2.   Measurement Periods - There are three measurement periods for the 2004
     MIP:
         January 4, 2004 through July 3, 2004 ("Spring 2004") July 4, 2004
         through January 1, 2005 ("Fall 2004") January 4, 2004 through January
         1, 2005 ("Fiscal 2004")

3.   Targets - Financial targets have been developed for each Measurement Period
     and have been approved by the Compensation Committee of Golfsmith
     ("Targets"). Those targets are set forth on the attached Exhibit A. The
     financial targets will be determined by audited actual results achieved by
     Golfsmith ("Audited Results").

4.   Incentive Awards - If Golfsmith meets or exceeds applicable Targets for a
     Measurement Period and the 2004 MIP requirements are met, incentive awards
     for that Measurement Period will be paid to Eligible Employees within
     ninety (90) days following the end of the applicable Measurement Period.
     Each Eligible Employee's incentive award will be calculated based on the
     Eligible Employee's annual compensation ("Award Percentage") and Audited
     Results for the applicable Measurement Period as shown on the attached
     Exhibit B. In the event an Eligible Employee's annual compensation changes
     during Fiscal 2004, such employee's incentive award(s) will be based on the
     weighted average of the employee's previous and current annual compensation
     as well as the weighted average of the corresponding Award Percentage for
     each position held, weighted by the amount of time spent at each level.

5.   Changes to the 2004 MIP - The 2004 MIP may be revised, replace and/or
     cancelled at any time in writing by the CEO or Board of Directors of
     Golfsmith.

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