JOINDER AGREEMENT

Exhibit 10.1

JOINDER AGREEMENT

This JOINDER AGREEMENT, dated as of January 16, 2013, is delivered pursuant to Section 8.7 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 8.7 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.

	ClubCorp NV I, LLC,
	a Nevada limited liability company
	By:	/s/ Xxxxxx X. XxXxxxxxx
	Name:	Xxxxxx X. XxXxxxxxx
	Title:	Treasurer
	ClubCorp NV II, LLC,
	a Nevada limited liability company
	By:	/s/ Xxxxxx X. XxXxxxxxx
	Name:	Xxxxxx X. XxXxxxxxx
	Title:	Treasurer
	ClubCorp NV III, LLC,
	a Nevada limited liability company
	By:	/s/ Xxxxxx X. XxXxxxxxx
	Name:	Xxxxxx X. XxXxxxxxx
	Title:	Treasurer
	ClubCorp NV IV, LLC,
	a Nevada limited liability company
	By:	/s/ Xxxxxx X. XxXxxxxxx
	Name:	Xxxxxx X. XxXxxxxxx
	Title:	Treasurer
	ClubCorp NV V, LLC,
	a Nevada limited liability company
	By:	/s/ Xxxxxx X. XxXxxxxxx
	Name:	Xxxxxx X. XxXxxxxxx
	Title:	Treasurer

[SIGNATURE PAGE TO JOINDER AGREEMENT]

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

[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		•	ClubCorp NV I, LLC
				•	ClubCorp NV II, LLC
				•	ClubCorp NV III, LLC
				•	ClubCorp NV IV, LLC
				•	ClubCorp NV V, LLC

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 I, LLC		a Nevada limited liability company		E064387012-8		ClubCorp NV I, LLC 0000 XXX Xxxxxxx, Xxxxx 000 Xxxxxx, XX 00000
ClubCorp NV II, LLC		a Nevada limited liability company		E0643952012-8		ClubCorp NV II, LLC 0000 XXX Xxxxxxx, Xxxxx 000 Xxxxxx, XX 00000
ClubCorp NV III, LLC		a Nevada limited liability company		E0644112012-9		ClubCorp NV III, LLC 0000 XXX Xxxxxxx, Xxxxx 000 Xxxxxx, XX 00000
ClubCorp NV IV, LLC		a Nevada limited liability company		E0644192012-79		ClubCorp NV IV, LLC 0000 XXX Xxxxxxx, Xxxxx 000 Xxxxxx, XX 00000
ClubCorp NV V, LLC		a Nevada limited liability company		E0644212012-1		ClubCorp NV V, LLC 0000 XXX Xxxxxxx, Xxxxx 000 Xxxxxx, XX 00000

SCHEDULE 4

LOCATION OF INVENTORY AND EQUIPMENT

GRANTOR		LOCATIONS
ClubCorp NV I, LLC		ClubCorp NV I, LLC 0000 XXX Xxxxxxx, Xxxxx 000 Xxxxxx, XX 00000
ClubCorp NV II, LLC		ClubCorp NV II, LLC 0000 XXX Xxxxxxx, Xxxxx 000 Xxxxxx, XX 00000
ClubCorp NV III, LLC		ClubCorp NV III, LLC 0000 XXX Xxxxxxx, Xxxxx 000 Xxxxxx, XX 00000
ClubCorp NV IV, LLC		ClubCorp NV IV, LLC 0000 XXX Xxxxxxx, Xxxxx 000 Xxxxxx, XX 00000
ClubCorp NV V, LLC		ClubCorp NV V, LLC 0000 XXX Xxxxxxx, Xxxxx 000 Xxxxxx, XX 00000

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