0000837465-17-000002 Sample Contracts

CALLAWAY GOLF COMPANY OFFICER EMPLOYMENT AGREEMENT
Officer Employment Agreement • February 27th, 2017 • Callaway Golf Co • Sporting & athletic goods, nec • California

This Officer Employment Agreement ("Agreement") is entered into as of June 18, 2012 (the “Effective Date”) by and between Callaway Golf Company, a Delaware corporation, (the "Company") and Harrison Arnett ("Employee").

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Callaway Golf Company Recipient: Employee/Consultant Effective Grant Date: Stock Unit Gran Number of Stock Units/Equivalent Shares: Plan: Amended and Restated 2004 Incentive Plan
Callaway Golf Co • February 27th, 2017 • Sporting & athletic goods, nec • Delaware

CALLAWAY GOLF COMPANY, a Delaware corporation (the “Company”), has elected to grant to you, Recipient named above, a 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 Stock Unit Grant Agreement (“Agreement”) will have the meanings ascribed to them in the Plan identified above (the “Plan”).

Callaway Golf Company Recipient: Performance Unit Grant Effective Grant Date: Number of Units: Plan: Amended and Restated 2004 Incentive Plan
Callaway Golf Co • February 27th, 2017 • Sporting & athletic goods, nec • Delaware

CALLAWAY GOLF COMPANY, a Delaware corporation (the "Company"), has elected to grant to you, Recipient named above, a performance share 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 Performance Unit Grant Agreement (“Agreement”) will have the meanings ascribed to them in the Plan identified above (the “Plan”).

SECOND AMENDMENT TO AMENDED & RESTATED EXECUTIVE ENTRUSTMENT AGREEMENT
Executive Entrustment Agreement • February 27th, 2017 • Callaway Golf Co • Sporting & athletic goods, nec

This Second Amendment to Amended & Restated Executive Entrustment Agreement ("Second Amendment") is entered into effective March 22, 2016, by and between Callaway Golf K.K., a company organized and existing under the laws of Japan (the "Company") and Alex Boezeman ("Director").

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