Exhibit 10.14
SECOND AMENDMENT TO AMENDED & RESTATED
EXECUTIVE ENTRUSTMENT AGREEMENT

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").

A.    The Company and Director are parties to that certain Amended & Restated
Executive Entrustment Agreement entered into as of March 24, 2014, as amended
March 24, 2015 (collectively the "Agreement").

B.    The Company and Director desire to amend the Agreement pursuant to Section
14 of the Agreement.

NOW, THEREFORE, in consideration of the foregoing and other consideration, the
value and sufficiency of which are acknowledged, the Company and Director agree
as follows:

1.
Term. Section 2 of the Agreement is amended to read:

“2. TERM. The term of the Engagement under this Agreement originally commenced
on March 24, 2014, was extended by appointment of the shareholder through March
2016, and now by appointment of the shareholder of the Company in March 2016,
shall be extended through the date of the ordinary general meeting of
shareholders of the Company to be held in March 2017. Thereafter it may be
renewed as agreed between the parties and subject to reappointment as a director
by the Company’s shareholder.”

2.Compensation. Section 3.1 of the Agreement is amended to read:

“3.1 Remuneration. Effective March 1, 2016, the Company shall pay to the
Director an annual gross remuneration of JPY 39,271,213, prorated for any
partial years of employment, subject to the approval of a general meeting of
shareholders of the Company.”

3.But for the amendments contained herein, and any other written amendments
properly executed by the parties, the Agreement shall otherwise remain
unchanged.

IN WITNESS WHEREOF, the parties have executed this Second Amendment on the dates
set forth below, to be effective as of the date first set forth above.
DIRECTOR
 
COMPANY
 
 
Callaway Golf K.K
 
 
 
/s/ Alex Boezeman
 
By: /s/ Patrick S. Burke
Alex Boezeman
 
Patrick S. Burke, Director
 
 
 
Dated: April 11, 2016
 
Dated: April 4, 2016