CALLAWAY GOLF CO Exhibit
EX-2.1 2 d667094dex21.htm EX-2.1 EX-2.1 Exhibit 2.1 EXECUTION VERSION Date: 29 November 2018 SHARE SALE AND PURCHASE AGREEMENT relating to JW Stargazer Holding GmbH SELLER And PURCHASER And GUARANTOR KIRKLAND & ELLIS INTERNATIONAL LLP 30 St. Mary Axe London EC3A 8AF Tel: +44 (0)20 7469 2000 Fax: +44 (0)20 7469 2001 www.kirkland.com Table of Contents            Page   1   Interpretation      2   2   Sale and Purchase of the Group      14   3   Consideration      14   4   Conditions      15   5   Pre-Closing      18   6   Closing      24   7   Post-Closing Adjustments      26   8   Post-Closing Obligations      28   9   Warranties      30   10   Restrictions on the Seller      32   11   Guarantee      32   12   Confidentiality      33   13   Other Provisions      35   Schedule 1 Details of the Group      44   Part 1 The Company      44   Part 2 The Subsidiaries      44   Schedule 2 Closing Obligations      53   Schedule 3 Post Closing Adjustments      55   Part 1 Closing Statement      55   Part 2 Form of Closing Statement      58   Schedule 4 Escrow Account      59   Schedule 5 Warranties      60   Schedule 6 Limitations on Liability      76   Schedule 7 Tax Indemnity      82   Schedule 8 Management Incentive Plan      88     i This Agreement is made on 29 November 2018   (1)   Paw Luxco III S.à.r.l.,…
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About CALLAWAY GOLF COMPANY (NYSE:ELY)

Callaway Golf Company designs, manufactures and sells golf clubs, golf balls, golf bags and other golf-related accessories. The Company has two segments: the golf clubs segment and golf balls segment. The golf clubs segment consists of its woods, hybrids, irons and wedges and Odyssey putters. This segment also includes other golf-related accessories, royalties from licensing of the Company’s trademarks and service marks and sales of pre-owned golf clubs. The golf balls segment consists of the Company’s balls that are designed, manufactured and sold by the Company. The Company sells its products to retailers, directly and through its wholly owned subsidiaries, and to third-party distributors. The Company sells pre-owned golf products through its Website, www.callawaygolfpreowned.com. In addition, the Company sells Odyssey and its products direct to consumers through its Websites www.callawaygolf.com and www.odysseygolf.com.