Common Contracts

Callaway Golf Company Recipient: Non-Employee Director Effective Grant Date: Phantom Stock Unit Grant Number of Units:

Phantom Stock Unit Grant Agreement • August 2nd, 2012 • Callaway Golf Co • Sporting & athletic goods, nec • Delaware

• Contract Type
  Phantom Stock Unit Grant Agreement
• Filed
  August 2nd, 2012
• Company
  Callaway Golf Co
• Industry
  Sporting & athletic goods, nec
• Jurisdiction
  Delaware

CALLAWAY GOLF COMPANY, a Delaware corporation (the “Company”), has elected to grant to you, the Recipient named above, a Phantom Stock Unit award subject to the restrictions and on the terms and conditions set forth below, in consideration for your services to the Company. Terms not otherwise defined in this Phantom Stock Unit Grant Agreement (“Agreement”) will have the meanings ascribed to them in the Callaway Golf Company Amended and Restated 2004 Incentive Plan (the “Plan”).

Callaway Golf Company Recipient: Employee/Consultant Effective Grant Date: Phantom Stock Unit Grant Number of Units: Plan: 2004 Incentive Plan

Phantom Stock Unit Grant Agreement • December 30th, 2009 • Callaway Golf Co • Sporting & athletic goods, nec • Delaware

• Contract Type
  Phantom Stock Unit Grant Agreement
• Filed
  December 30th, 2009
• Company
  Callaway Golf Co
• Industry
  Sporting & athletic goods, nec
• Jurisdiction
  Delaware

CALLAWAY GOLF COMPANY, a Delaware corporation (the “Company”), has elected to grant to you, the Recipient named above, a Phantom Stock Unit award pursuant to Section 12 of the Plan identified above (the “Plan”) and subject to the restrictions and on the terms and conditions set forth below, in consideration for your services to the Company. Terms not otherwise defined in this Phantom Stock Unit Grant Agreement (“Agreement”) will have the meanings ascribed to them in the Plan.