LOAN AND SECURITY AGREEMENTLoan and Security Agreement • May 11th, 2020 • Callaway Golf Co • Sporting & athletic goods, nec • New York
Contract Type FiledMay 11th, 2020 Company Industry JurisdictionThis FIRST AMENDMENT TO FOURTH AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (this “Amendment”), dated as of August 28, 2019, is entered into by and among the Lenders (as defined below) signatory hereto, BANK OF AMERICA, N.A., as administrative agent and as security trustee for the Lenders (in such capacity, “Agent”), CALLAWAY GOLF COMPANY, a Delaware corporation (“Parent”), CALLAWAY GOLF SALES COMPANY, a California corporation (“Callaway Sales”), CALLAWAY GOLF BALL OPERATIONS, INC., a Delaware corporation (“Callaway Operations”), OGIO INTERNATIONAL, INC., a Utah corporation, (“Ogio”), TRAVISMATHEW, LLC, a California limited liability company (“travisMathew”, and together with Parent, Callaway Sales, Callaway Operations, and Ogio, collectively, “Existing U.S. Borrowers”), JACK WOLFSKIN NORTH AMERICA, INC., a Delaware corporation (“New Borrower” and together with the Existing U.S. Borrowers, collectively, “U.S. Borrowers”), CALLAWAY GOLF CANADA LTD., a Canada corporation (“Canadian B