0000837465-18-000004 Sample Contracts

Callaway Golf Company Recipient: Employee/Consultant Effective Grant Date: Stock Unit Grant Number of Stock Units/Equivalent Shares: Plan: Amended and Restated 2004 Incentive Plan

Stock Unit Grant Agreement • February 27th, 2018 • Callaway Golf Co • Sporting & athletic goods, nec • Delaware

• Contract Type
  Stock Unit Grant Agreement
• Filed
  February 27th, 2018
• 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, 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

Performance Unit Grant Agreement • February 27th, 2018 • Callaway Golf Co • Sporting & athletic goods, nec • Delaware

• Contract Type
  Performance Unit Grant Agreement
• Filed
  February 27th, 2018
• 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, 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”).