REAFFIRMATION OF GUARANTEE
August 11, 2000
Congress Financial Corporation (Central)
000 Xxxxx Xxxxxx Xxxxx, Xxxxx 0000
Xxxxxxx, Xxxxxxxx 00000
Re: Guarantee
Please refer to (1) the Loan and Security Agreement, dated as of January
20, 2000 (as amended, supplemented, restated or otherwise modified from time to
time, the "Loan Agreement"; capitalized terms used and not otherwise defined
herein shall have the meanings assigned to them in the Loan Agreement), among
Congress Financial Corporation (Central) (the "Lender"), and TearDrop Golf
Company (the "Borrower") and (2) the Guarantee dated January 20, 2000 (the
"Guarantee"), by the undersigned in favor of Xxxxxx. Pursuant to that certain
Amendment No. 1 to Loan and Security Agreement dated as of the date hereof among
Xxxxxx and Borrower (the "Amendment"), Xxxxxx has agreed to make certain
amendments to the Loan Agreement in accordance with the terms thereof.
The undersigned hereby (i) acknowledges receipt of the Amendment, (ii)
acknowledges and reaffirms all of its obligations and undertakings under the
Guarantee and (iii) acknowledges and agrees that subsequent to, and taking into
account all of the terms and conditions of the Amendment, the Guarantee is and
shall remain in full force and effect in accordance with the terms thereof.
XXXXX XXXXXX GOLF COMPANY
By:
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