0001193125-09-190049 Sample Contracts

REGISTRATION RIGHTS AGREEMENT Dated as of June 15, 2009 between Callaway Golf Company and Lazard Capital Markets LLC As Representative of the several Initial Purchasers
Registration Rights Agreement • September 10th, 2009 • Callaway Golf Co • Sporting & athletic goods, nec • New York

REGISTRATION RIGHTS AGREEMENT, dated as of June 15, 2009 (the “Agreement”), between Callaway Golf Company, a Delaware corporation (the “Company”), and Lazard Capital Markets LLC, as representative (the “Representative”) of the initial purchasers (the “Initial Purchasers”), who are parties to that certain Purchase Agreement, dated June 9, 2009 (the “Purchase Agreement”). In order to induce the Initial Purchasers to enter into the Purchase Agreement, the Company has agreed to provide the registration rights set forth in this Agreement. The execution of this Agreement is a condition to the closing under the Purchase Agreement.

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