Document:

Exhibit 4.1

 

SECOND SUPPLEMENTAL INDENTURE

 

Second Supplemental Indenture (this “Second Supplemental Indenture”), dated as of January 5, 2012, among CCFL, Inc., a Nevada corporation and CCCA, Inc., a Nevada corporation (collectively, the “Guaranteeing Subsidiaries”), which are subsidiaries of ClubCorp Club Operations, Inc., a Delaware corporation (the “Company”), and Wilmington Trust, National Association (successor by merger to Wilmington Trust FSB), as trustee (the “Trustee”).

 

W I T N E S S E T H

 

WHEREAS, each of the Company and the Guarantors (as defined in the Indenture referred to below) has heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of November 30, 2010, providing for the issuance of an unlimited aggregate principal amount of 10% Senior Notes due 2018 (the “Notes”);

 

WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiaries shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiaries shall unconditionally Guarantee all of the Company’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein and under the Indenture; and

 

WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.

 

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders as follows:

 

1.             Capitalized Terms.  Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

 

2.             Guarantor.  The Guaranteeing Subsidiaries each hereby agrees to be a Guarantor under the Indenture and to be bound by the terms of the Indenture applicable to Guarantors, including Article 10 thereof.

 

3.             Governing Law.  THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SECOND SUPPLEMENTAL INDENTURE.

 

4.             Waiver of Jury Trial.  EACH OF THE GUARANTEEING SUBSIDIARIES AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SECOND SUPPLEMENTAL INDENTURE, THE INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

 

 

5.             Counterparts.  The parties may sign any number of copies of this Second Supplemental Indenture.  Each signed copy shall be an original, but all of them together represent the same agreement.

 

6.             Headings.  The headings of the Sections of this Second Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part of this Second Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.

 

7.             Trustee Makes No Representation. The Trustee makes no representation or warranty as to the validity or sufficiency of this Second Supplemental Indenture or with respect to the recitals contained herein, all of which recitals are made solely by the other parties hereto.

 

[Signature Page Follows]

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly executed, all as of the date first above written.

 

	
CCFL, INC.
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Curtis D. McClellan
    	
 
    
	
 
    	
Name:
    	
Curtis   D. McClellan
    	
 
    
	
 
    	
Title:
    	
Treasurer
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
CCCA, INC.
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Curtis D. McClellan
    	
 
    
	
 
    	
Name:
    	
Curtis   D. McClellan
    	
 
    
	
 
    	
Title:
    	
Treasurer
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
WILMINGTON   TRUST, NATIONAL
   ASSOCIATION (SUCCESSOR BY MERGER TO
   WILMINGTON TRUST FSB), as Trustee
    	
 
    
	
 
    
	
By:
    	
/s/ Joseph P. O’Donnell
    	
 
    
	
 
    	
Name:
    	
Joseph   P. O’Donnell
    	
 
    
	
 
    	
Title:
    	
Vice   President
    	
 
    

 

[Signature Page to Second Supplemental Indenture]Exhibit 10.1

 

JOINDER AGREEMENT

 

This JOINDER AGREEMENT, dated as of January 5, 2012, 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, the “Guaranty and Security Agreement”), by ClubCorp Club Operations, 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]

 

 

IN WITNESS WHEREOF, the undersigned have caused this Joinder Agreement to be duly executed and delivered as of the date first above written.

 

 

	
 
    	
CCFL, INC.,
    
	
 
    	
a Nevada corporation
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Ingrid Keiser
    
	
 
    	
Name:
    	
Ingrid Keiser
    
	
 
    	
Title:
    	
Secretary
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
CCCA, INC.,
    
	
 
    	
a Nevada corporation
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Ingrid Keiser
    
	
 
    	
Name:
    	
Ingrid Keiser
    
	
 
    	
Title:
    	
Secretary
    

 

[SIGNATURE PAGE TO JOINDER AGREEMENT]

 

 

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

 

[SIGNATURE PAGE TO JOINDER AGREEMENT]

 

 

ANNEX A

 

Supplement to Schedules 1-6

of the Guaranty and Security Agreement

 

[See the attached]

 

 

SCHEDULE 1

 

COMMERCIAL TORT CLAIMS

 

NONE

 

 

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
    	
 
    	
·
    	
CCFL, Inc.
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
·
    	
CCCA, Inc.
    	
 
    

 

 

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
    	
 
    
	
CCFL, Inc.
    	
 
    	
a Nevada corporation
    	
 
    	
E0659042011-6
    	
 
    	
CCFL, Inc.
   3030 LBJ Freeway, Suite 600
   Dallas, TX 75234
    	
 
    	
FL
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
CCCA, Inc.
    	
 
    	
a Nevada corporation
    	
 
    	
E0659052011-7
    	
 
    	
CCCA, Inc.
   3030 LBJ Freeway, Suite 600
   Dallas, TX 75234
    	
 
    	
 
    	
 
    

 

 

SCHEDULE 4

 

LOCATION OF INVENTORY AND EQUIPMENT

 

	
GRANTOR
    	
 
    	
LOCATIONS
    	
 
    
	
CCFL, Inc.
    	
 
    	
CCFL, Inc.
   3030 LBJ Freeway, Suite 600
   Dallas, TX 75234
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
CCCA, Inc.
    	
 
    	
CCCA, Inc.
   3030 LBJ Freeway, Suite 600
   Dallas, TX 75234
    	
 
    

 

 

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

 

 

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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