Document:

exv4w1

 

Exhibit 4.1

			
	COMMON STOCK
	 	COMMON STOCK

INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

	 	 	 	 	 
	NUMBER

	 	 
	 	SHARES

     GOLF-

	 	 	 	 	 
	SEE
REVERSE FOR CERTAIN DEFINITIONS AND RESTRICTIONS

	 	 
	 	CUSIP

THIS CERTIFIES THAT

 
 
 

is the owner of

FULLY PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK, OF $0.001 PAR VALUE PER SHARE, OF

============================GOLFSMITH INTERNATIONAL HOLDINGS, INC.============================

transferable only on the books of the Corporation by the holder hereof in person or by duly
authorized Attorney upon surrender of this certificate properly endorsed. This certificate is not
valid until countersigned and registered by the Transfer Agent and Registrar.

     WITNESS the facsimile seal of the Corporation and the facsimile signatures of its duly
authorized officers.

DATED:

					
	 	TREASURER
	 	PRESIDENT	 

GOLFSMITH INTERNATIONAL HOLDINGS, INC.

CORPORATE SEAL

2002

DELAWARE

			
	 
	 	COUNTERSIGNED AND REGISTERED:          
	 
	 	NATIONAL CITY
BANK          
	 
	 	Cleveland, Ohio

TRANSFER
AGENT AND REGISTRAR

BY

AUTHORIZED SIGNATURE

 

 

Golfsmith International Holdings, Inc.

     THE CORPORATION WILL FURNISH WITHOUT CHARGE TO EACH STOCKHOLDER WHO SO REQUESTS THE POWERS,
DESIGNATIONS, PREFERENCES AND RELATIVE PARTICIPATING, OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS
OF STOCK OR SERIES THEREOF AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH PREFERENCES
AND/OR RIGHTS. SUCH REQUEST MUST BE MADE TO THE CORPORATION’S TREASURER AT THE PRINCIPAL EXECUTIVE
OFFICE OF THE CORPORATION.

     Keep this Certificate in a safe place. If it is lost, stolen or destroyed, the Corporation
will require a bond of indemnity as a condition to the issuance of a replacement certificate.

     The following abbreviations, when used in the inscription on the face of this certificate, shall be
construed as though they were written out in full according to applicable laws or regulations:

	 	 	 	 	 
	TEN COM

	 	- as tenants in common
	 	UNIF GIFT MIN ACT-
	 

	 	 
	 	                    Custodian                    Minor
	TEN ENT

	 	- as tenants by the entireties
	 	     (Cust)           (Minor)
	 

	 	 
	 	under Uniform Gifts to Minors
	JT TEN

	 	- as joint tenants with right
	 	Act                                                            
	 

	 	of survivorship and not as
	 	                    (State)
	 

	 	tenants in common
	 	UNIF TRF MIN ACT-
	 

	 	 	 	                    Custodian (until age                     )
	 

	 	 	 	     (Cust)
	 

	 	 	 	                                        under Uniform
	 

	 	 	 	     (Minor)
	 

	 	 	 	Transfers to Minors Act                                        
	 

	 	 	 	                                                       (State)

Additional abbreviations may also be used though not in the above list.

For Value
received,        
      
         
            
              
             
            
             
               
                 
                   hereby sell, assign and

transfer unto

PLEASE INSERT SOCIAL SECURITY NUMBER

OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

	 	 	 
	 

	 	 

 

(PLEASE PRINT OR
TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASIGNEE(S))

 

 

Shares

 

represented by the within
Certificate, and do(es) hereby irrevocably
constitute and appoint

Attorney

 

to transfer the said Shares on the books of the within named Corporation with full
power of substitution in the premises.

 

	 
	Dated           
    
                      
    
                    
                     
           

In the Presence of

 

Signature(s) Guaranteed by

 

THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR
INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS
WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO
S.E.C. RULE 17 Ad-15.

NOTICE:
THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE FACE
OF THE CERTIFICATE IN EVERY PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER.exv10w3

 

Exhibit 10.3

TERMINATION AGREEMENT

     THIS TERMINATION AGREEMENT (this “Agreement”), entered into as of May 23, 2006, by and
among Golfsmith International Holdings, Inc., a Delaware corporation (“Holdings”),
Golfsmith International, Inc., a Delaware corporation (“International” and, together with
Holdings, the “Companies”), and First Atlantic Capital, Ltd., a Delaware corporation
(together with its affiliates, successors and assigns, the “Consultant”).

W I T N E S S E T H :

     WHEREAS, the Companies and the Consultant are party to that certain Management Consulting
Agreement, dated as of October 15, 2002 (the “Management Agreement”); and

     WHEREAS, in connection with Holdings’ proposed initial public offering of common stock (the
“IPO”), the Companies and the Consultant wish to terminate and discharge certain
obligations of the parties under the Management Agreement, subject to the limitations set forth
herein.

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

Article I.

Termination

          1.1. Termination of Certain Provisions of the Management Agreement. In consideration
for the payment of the Termination Fee (as defined below) to the Consultant, the Companies and the
Consultant hereby agree to terminate Sections 1, 2, 3 and 4 of the Management Agreement effective
immediately upon the closing of the IPO (the “Closing”) and hereby agree that the Companies
and the Consultant shall have no further rights or obligations under such Sections following such
date.

          1.2. Reimbursement of the Certain Expenses. The Companies and the Consultant hereby
agree to reimburse the Consultant, upon presentation of an itemized listing by the Consultant, for
its out-of-pocket expenses incurred in connection with meetings between representations of the
Consultant and representatives of the Companies in connection with the Consultant’s shareholding in
the Company; provided, however, that such obligation to reimburse shall terminate
following the date on which the Company first files a Form 10-K or Form 10-Q under the Securities
Exchange Act of 1933, as amended, or a registration statement under the Securities Act based on
which, the Consultant holds a number of shares of common stock of the Company that is less than
20.0% of the outstanding shares of common stock of the Company.

          1.3. Termination Fee. The Companies hereby agree to pay to the Consultant $3,000,000 (the “Termination
Fee”) in consideration for the agreements set forth herein, such Termination Fee to be payable
in immediately available funds immediately following the Closing. For the avoidance of any doubt,
any fee or other amount paid to the Consultant pursuant to the Management
Agreement prior to the
Closing shall be non-refundable by the Consultant and any fee or other amount owed to the
Consultant pursuant to the Management

 

 

Agreement prior to the Closing shall remain payable and shall
be paid to the Consultant immediately following the Closing.

          1.4. Other Provisions of the Management Agreement. Notwithstanding Section 1.1
hereof, Sections 5 through 13 of the Management Agreement shall remain in full force and effect and
shall not be amended or altered in any way hereby.

          1.5. Termination. This Agreement shall terminate and cease to have any force or
effect in the event that the Closing does not occur before July 1, 2006.

Article II.

Miscellaneous

          2.1. Entire Agreement; Amendment. This Agreement contains the entire understanding of
the parties with respect to the subject matter contained herein. This Agreement supersedes all
prior and contemporaneous agreements, arrangements, contracts, discussions, negotiations,
undertakings and understandings (whether written or oral) among the parties with respect to such
subject matter. This Agreement may be amended only by a written instrument executed by each of the
parties hereto.

          2.2. Captions. Article and section captions used herein are for reference purposes
only, and shall not in any way affect the meaning or interpretation of this Agreement.

          2.3. Governing Law; Waiver. This Agreement shall be and any disputed arising under
this Agreement shall be governed by and construed in accordance with the substantive laws of the
State of New York, without regard to conflicts of laws and such principles thereof, or any other
law that would make the laws of any jurisdiction other than the State of New York applicable
hereto. To the extent permitted by applicable law, the parties hereto waive any provision of law
that renders any term or provision of this Agreement invalid or unenforceable in any respect.

          2.4. Severability. In case any provision in this Agreement shall be held invalid, illegal or unenforceable,
the validity, legality and enforceability of the remaining provisions hereof will not in any way be
affected or impaired thereby.

          2.5. Counterparts. This Agreement may be executed in one or more counterparts, each
of which shall be deemed an original but all of which together will constitute one and the same
instrument.

[Remainder of the page intentionally blank.]

 

 

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

	 	 	 	 	 
	 	 	GOLFSMITH INTERNATIONAL HOLDINGS, INC.
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	By:
	 	     /s/ Virginia Bunte
	 

	 	 	 	 
	 

	 	 	 	Name: Virginia Bunte
	 

	 	 	 	Title: Senior Vice President, Chief Financial Officer and Treasurer
	 
	 	 	 	 
	 
	 	 	 	 
	 	 	GOLFSMITH INTERNATIONAL, INC.
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	By:
	 	     /s/ Virginia Bunte
	 

	 	 	 	 
	 

	 	 	 	Name: Virginia Bunte
	 

	 	 	 	Title: Vice President, Chief Financial Officer and Treasurer
	 
	 	 	 	 
	 
	 	 	 	 
	 	 	FIRST ATLANTIC CAPITAL, LTD.
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	By:
	 	     /s/ Noel E. Wilens
	 

	 	 	 	 
	 

	 	 	 	Name: Noel E. Wilens
	 

	 	 	 	Title: Principal

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