Document:

Exhibit

	
	
	Exhibit 10.63

	Confidential Materials omitted and filed separately with the 
Securities and Exchange Commission. Double asterisks denote omissions.

Tregaron-Endurance Master Services Agreement – Amendment No. 3
This Tregaron-Endurance Services Agreement – Amendment No. 3 (“the Third Amendment”) is hereby made and entered into this 18th day of December 2017 (the “Third Amendment Effective Date”) by and between The Endurance International Group, Inc. ("Endurance") and Tregaron India Holdings, LLC (“Service Provider”) (Endurance and Service Provider may be individually referred to as a “Party” or collectively as the “Parties”).  
WHEREAS, the Parties entered into that certain Tregaron-Endurance Master Services Agreement, dated September 25, 2013, as amended by Amendment No. 1, dated February 7, 2014, and Amendment No. 2, dated December 5, 2014 (hereinafter collectively referred to as the “Agreement”); and
WHEREAS, the Parties hereto desire to further amend the Agreement as set forth herein.
NOW, THEREFORE, for good and valuable consideration of the mutual promises and covenants contained herein, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:
		
	1.
	Unless otherwise expressly provided herein, all defined terms shall have the meanings set forth in the Agreement.

		
	2.
	Invoice No.8673 in the amount of [**] US dollars and [**] cents ($[**] USD) and Invoice No. 9443 in the amount of [**] US dollars and [**] cents ($[**] USD) shall hereby be voided by Service Provider and Endurance shall not owe any payment to Service Provider pursuant to such invoices.

		
	3.
	In anticipation of fulfilling Endurance’s requirements for the Services, Service Provider may increase staffing (“Ramp Up”).  Service Provider hereby agrees that Service Provider shall not charge Endurance for any such Ramp Up or any costs associated therewith that occur during the fourth quarter of 2017.

		
	4.
	For the billing period covering October 1, 2017 through December 31, 2017, Service Provider shall provide Endurance with a discount of [**] percent ([**]%) off the total amount of any invoice associated with this period based on pricing in effect as of October 1, 2017.

		
	5.
	Effective January 1, 2018 through the remaining Term of the Agreement, Service Provider shall provide Endurance with a discount of [**] percent ([**]%) off the total amount of any and all invoices associated with the Services provided based on pricing in effect as of October 1, 2017.  

		
	6.
	Without limitation to any of the foregoing, effective October 1, 2017, Service Provider shall provide Endurance with a discount of [**] US dollars ($[**] USD) per month for Engineering 

 

and/or Network Operations Services.  Service Provider shall provide such discount on the monthly invoices issued by Service Provider in connection with the Engineering and/or Network Operations Services.
		
	7.
	To the extent that Endurance has already paid any invoices for Services provided on or after October 1, 2017, Service Provider shall adjust the next two invoices issued by Service Provider to include the applicable discount. In other words, discounts due for the month of October 2017, will be split equally over November 2017 and December 2017 invoices. 

		
	8.
	The pricing in effect as of October 1, 2017 shall remain in full force and effect for the remaining Term of this Agreement subject to any modifications made by mutual written amendment to this Agreement as executed by both Parties.

		
	9.
	The following Section 35 shall be added to Exhibit B of the Agreement:

“35.  Information Security.   Notwithstanding anything to the contrary and without limitation to any other compliance requirements in this Agreement, Service Provider shall implement sound policies and procedures leveraging good security practices consistent with prevalent industry standards.  Such mutually acceptable policies and procedures shall include, without limitation, the privacy and security requirements attached hereto as Schedule 1, which may be modified by Endurance from time to time to address the evolving threat landscape and identification of additional security risks.  Service Provider, upon written acceptance of said modified policies and procedures, shall comply with all policies and procedures as developed and provided by Endurance.”
		
	10.
	Counterparts.  This Third Amendment may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which together shall be deemed to be one and the same instrument.  

		
	11.
	This Third Amendment, together with the Agreement, constitutes the entire understanding and agreement of the Parties with respect to the subject matter of this Third Amendment and supersedes any and all prior agreements, written or oral, dealing with the subject matter of this Third Amendment.  In the event of a conflict between this Third Amendment and the Agreement, the terms of this Third Amendment shall govern.

		
	12.
	Except as amended herein, all other terms and conditions of the Agreement shall remain in full force and effect and are hereby ratified.  Except as expressly amended herein, no present or future rights, remedies, benefits or power belonging or accruing to Parties hereto, shall be affected, prejudiced, limited or restricted hereby.

 

IN WITNESS WHEREOF, the duly authorized officers or representatives of Endurance and Service Provider have executed this Amendment as of the Third Amendment Effective Date above intending legally to be bound.
	
		
	THE ENDURANCE INTERNATIONAL GROUP, INC.

	TREGARON INDIA HOLDINGS,LLC

	By:      /s/ Christine Barry            
	By:     /s/Vidya Ravichandran            

	Name:  Christine Barry            
	Name:  Vidya Ravichandran            

	Title:  Chief Services Officer            
	Title:  President                

	Date:  12/18/17                
	Date:  12/19/2017                

 

Schedule 1 – Privacy and Security Requirements

1. Definitions. Any capitalized terms not defined herein will have the meaning set forth in the Agreement.
1.1     "Agreement" means the Master Services Agreement, as amended, to which this Schedule is attached.
1.2     "Destroy" means to render the information permanently and completely unreadable, destroyed and undecipherable.
1.3    “Information Security Program” means the comprehensive, organized collection of documented artifacts and processes that are used to continuously deliver information security across the enterprise.
1.4    "Personal Data" means any information relating to an identified or identifiable natural person ("data subject"); an identifiable person is one who can be identified, directly or indirectly, in particular by reference to an identifier such as a name, an identification number, location data, online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity of that person.
1.5    "Sensitive Personal Data" are personal data, revealing racial or ethnic origin, political opinions, religious or philosophical beliefs, trade-union membership; data concerning health or sex life and sexual orientation; genetic data or biometric data.
1.6    "Process" means "Processing" as defined in Article 2(b) of the European Union ("EU") Data Protection Directive, 95/46/EC ("Data Protection Directive").
1.7    “Security Incident” means the actual loss, or reasonable belief that there is any loss, of EIG Confidential Information, or any unauthorized or unlawful access to, use of, or disclosure of, EIG Confidential Information, or any other compromise of EIG Confidential Information.    
1.8     "Services" has the meaning ascribed in the Agreement.
1.9    "Subcontractor" means any third party authorized by Service Provider to which Service Provider discloses or allows access to EIG Confidential Information.
1.10    “Successful Penetration Test” means a test script that achieves a specific, attacker-simulated goal for purposes of generating a report of how security was breached in order to reach the agreed-upon goal and remediation plan.
1.11    “Trusted Access” means access to EIG Confidential Information that exceeds the standard level of access granted to Service Provider’s employees to provide the Services.
1.12    “Trusted Multi-Tenant” means an architectural model that provides comprehensive and complete separation between service users integrating quality of service, management reporting, security, encryption and compliance.
1.13    “EIG Authorized Requestor” means a person listed as a contact within EIG and authorized to request changes or similar actions.
1.14    “EIG Confidential Information" means all Confidential Information (as defined in the Agreement) disclosed by EIG to Service Provider including, without limitation, all Personal Data, Sensitive Personal Data, and all information and materials relating to EIG’s (a) business, operations, financial condition, marketing, pricing, business plans, capital structure, organizational structure, information systems, management, service partners, subcontractors, and vendors; (b) services, products, tools, methodologies, processes, know-how and intellectual capital, research and development, inventions; (c) directors, officers, management, employees, retirees, benefit plan participants and dependents, and shareholders; (d) clients and any of their needs and plans, directors, officers, employees, retirees, benefit plan participants and dependents, and shareholders (e) EIG system user names or system identities, IT architecture and infrastructure and similar type of information that identify EIG environments (f) any other information that a reasonable business person would understand to be confidential or not otherwise publicly available. The EIG Confidential Information will not include information or materials (except those comprising Personal Data or Sensitive Personal Data): (a) already known to the recipient and documented in its files at the time of disclosure; (b) in the public domain or available to 

 

the public; (c) available to the recipient from third parties without any nondisclosure obligation to the discloser that is known to recipient; or (d) independently developed by recipient without any reference to EIG Confidential Information.
1.15    “Vulnerability Assessment” means the process of identifying, quantifying and prioritizing the vulnerabilities on a system so as to produce a prioritized list of discovered vulnerabilities and remediation plan.

2. Compliance
2.1  Service Provider agrees that it will comply with all applicable local, state, federal and foreign laws in providing the Services, including without limitation the Massachusetts Standards for the Protection of Personal Information of Residents of the Commonwealth (201 CMR 17.00) and EU Member State laws or regulations implementing the EU Data Protection Directive as amended.

2.2  Additionally, without limiting the foregoing, during the term of the Agreement and for so long as Service Provider retains EIG Confidential Information, Service Provider will obtain [**] independent attestation to the effectiveness of Service Provider’s product and corporate Privacy and Security Programs. It is mandatory for Service Provider to obtain compliance by [**] with the most current PCI-DSS standard for all in scope hardware, software, functions, and processes or similar used in providing the Services. Additionally, by [**], Service Provider must either undergo SSAE16 SOC 2 Type 2 audits with all trusted service principles or ISO27001 and ISO27018 certification for non-PCI activities or Services.

2.3  Service Provider will not store any EIG Confidential Information outside the United States without EIG’s prior written permission. Where permission is granted, EIG Confidential Information will be transferred using prevalent industry standard encryption and will comply with all applicable privacy data protection principles for so long such recipient retains such information. EIG Confidential Information stored in any locations will be stored at rest in an encrypted format, or with EIG permission, unencrypted with mitigating controls applied and demonstrated as effective.

3. Fraud Prevention 
3.1. The Parties acknowledge that the Services combined with Trusted Access involves a potential risk for abuse, including without limitation, credit card fraud and identity theft, and thus Service Provider shall have and maintain in place throughout the term of the Agreement adequate policies and procedures to reasonably prevent fraudulent abuse, enforcing them where appropriate and coordinating with EIG when necessary.

4.  Data Ownership and Control
4.1  As between Service Provider and EIG, all EIG Confidential Information remains, at all times, the sole property of EIG. Service Provider will promptly comply with any commercially reasonable request from EIG requiring Service Provider to amend, transfer, return, or mask EIG Confidential Information, to the extent permitted by applicable law, and to the extent EIG does not have the reasonable ability to do so itself in its use of the Services.  Service Provider will restrict access to EIG Confidential Information to those who need such access to perform their job duties. 

4.2  Service Provider will take reasonable steps to ensure that disposal of removable media holding, or suspected of once holding, EIG Confidential Information, including without limitation, tapes, floppy discs, hard drives, or laptops or any other portable devices or media will be disposed of in such a way that EIG Confidential Information is not recoverable by any computer forensic means.

 

4.3  Service Provider will ensure that EIG Confidential Information on paper and other shreddable media including without limitation paper, microfiche, microfilm, CDs will be shredded using cross-cut shredding machines when no longer needed. This media may be shredded immediately or temporarily stored in a highly secured, locked container.  The media may be shredded at a location other than the Service Provider's facilities; however it must be transferred in a highly secured locked container.  Service Provider is responsible for supervising the shredding regardless of where the shredding activity occurs and by whom the shredding is performed.  EIG Confidential Information on this media must be completely destroyed by shredding such that the results are not readable or useable for any purpose.

4.4  For avoidance of doubt, any deletion of EIG Confidential Information described in this section will be subject to applicable legal requirements that require Service Provider to retain EIG Confidential Information. Upon EIG's request and after EIG Confidential Information has been Destroyed in accordance with the provisions of this section, Service Provider must promptly certify in writing to EIG that it has returned or Destroyed, as applicable, all EIG Confidential Information. Notwithstanding anything to the contrary in the Agreement or this Schedule, in the event of a change in any law or regulation or a change in a governmental interpretation or application of a law or regulation that applies to the Service (a "Change in Law"), to the extent EIG reasonably determines that such Change in Law causes the storage of EIG Confidential Information by EIG in the Service to violate applicable law or regulation, and EIG cannot implement a commercially reasonable change to its configuration or use of the Service to avoid such violation, then EIG may so notify Service Provider in writing. If within thirty (30) days after such notice Service Provider does not make available to EIG a change in the Service or a recommended change in EIG's configuration or use of the Service that will avoid such violation without unreasonably burdening EIG, then EIG may terminate this Agreement upon written notice to Service Provider and receive a refund of any prepaid fees for the period following the effective date of termination. Each party represents as of the Amendment Effective Date that it is unaware of any applicable law, regulation, or prospective Change in Law that would be violated by Service Provider’s storage of EIG Confidential Information in connection with the Services.

5.  Data Security
5.1  Notwithstanding anything to the contrary in the Agreement, Service Provider will implement and maintain industry standard practice administrative, technical and physical measures that are designed to protect the security, integrity, confidentiality, and availability of EIG Confidential Information, including without limitation, protecting EIG Confidential Information against threats (actual or anticipated) or hazards, improper, unauthorized or unlawful access, use or disclosure, any reasonably anticipated loss, or any other reasonably anticipated compromise, and will internally review such security measures and maintain such security measures in a manner consistent with applicable industry prevalent standards.

5.2  Service Provider will encrypt all electronic EIG Confidential Information that is (a) required to be encrypted under applicable laws, regulations, or standards (including without limitation PCI standards), when transmitted or stored electronically. Service Provider will use security technologies (including without limitation database encryption, intrusion detection and prevention, anti-virus, anti-malware, security event/incident monitoring, encryption, password protection and firewall protection) in providing the Services.  In no event will Service Provider permit any other third party to undertake, mining of any content of EIG Confidential Information
 

 

5.3  Where applicable, Service Provider will use a security-conscious software development lifecycle for software engineering that will [**]. Service Provider will additionally ensure production data is not replicated or used in a non-production environment. 
 
5.4  Service Provider will maintain a training program for all employees, contractors and temporary workers with access to, or likely to have access to, EIG Confidential Information, in written or electronic form. The training program will include without limitation updates throughout the year, instruction on maintaining awareness and compliance with security policies, procedures, standards and applicable regulatory requirements. 
 
5.5  Service Provider will maintain access control policies, processes and procedures for segregation of duties and granting and timely revocation of Service Provider employee, contractor or temporary worker normal and privileged access to, without limitation, EIG Confidential Information, applications, databases, servers, network infrastructure in accordance with best industry practice.  Service Provider’s management will approve and be aware of privileged access and will monitor for inappropriate actions.

5.6  Service Provider will define policies, processes and procedures establishing business continuity and disaster recovery requirements, as well as a method for determining the impact of any disruption to the organization incorporating: [**].

5.7  Service Provider will disclose all non-US locations involved in the delivering the Services including but not limited to software engineering and customer support.

5.8  In addition to PCI obligations, Service Provider will perform [**] Testing (the “Test”) of its corporate non-PCI infrastructure to verify the sufficiency of its security measures, and in a reasonable timeframe undertake commercially reasonable efforts to remedy any critical defect detected in such assessment report. The Test will be performed by an industry recognized security firm, or individual, of sufficient knowledge and skill to attempt non-standard approaches to the Test. A summary of the results of the Test and Service Provider’s plan for addressing or resolving critical items will be shared with EIG within [**] of the Service Provider’s receipt of the results. The Test should, at a minimum, [**]. Service Provider further agrees that where an incident is declared a Test and Vulnerability Assessment will be performed as soon as practicable post incident.

5.9  Service Provider will make itself and any employees, subcontractors, or agents assisting Service Provider in the performance of its obligations under the Agreement available to EIG at no cost to EIG to testify as witnesses, or otherwise, in the event of litigation or administrative proceedings against EIG, its directors, officers, agents or employees based upon a claimed violation of laws relating to security and privacy and arising out of this Agreement.

5.10  The obligations of this Section 5 will not act to restrict Service Provider's lawful disclosure of the EIG Confidential Information pursuant to any applicable state or federal laws or by request or order of any court or government agency. Provided, however, before making such a disclosure, Service Provider must give notice as described in Section 9.2.

5.11  In the event: (a) of an incident which has a significant impact or urgency for EIG’s business, in EIG’s sole discretion, and which demands a response beyond the routine incident management process but does not 

 

meet the criteria of a Security Incident under Section 1.7 (a “Major Incident”); or (b) EIG is required by law and has demonstrated such need to Service Provider, Service Provider must provide within a reasonable timeframe, any data stored regarding any person affiliated with EIG, access logs, activity logs, transaction logs, changes to access rights, etc., as detailed by the system architecture and practices provided by Service Provider, including without limitation: 
[**].

6.  Physical and Environmental Security

[**]

7.  Privacy or Security Incidents
7.1  Service Provider will have appropriate staff on duty 24/7/365, and on site during regular Service Provider business hours, capable of identifying, categorizing and responding to a security or privacy incident and will at all times maintain an adequate and appropriate data security and privacy incident management program.  In the event there is, or Service Provider reasonably believes that there is, a Security Incident, Service Provider will promptly notify EIG, subject to any legal or regulatory requirements to which Service Provider must adhere,  and will promptly take steps to implement a security fix across the Services. Service Provider will promptly, but no later than [**], after discovering a Security Incident, notify EIG in writing of the Security Incident.  Further, Service Provider will:
 
		
	•
	reasonably cooperate with EIG to investigate and resolve the Security Incident, including without limitation, assisting with providing information within its control or possession required by EIG to provide any third party notifications of the Security Incident;

		
	•
	be responsible for all damages (including out-of-pocket costs) arising from a breach of Service Provider’s obligations with regard to a Security Incident, with the limitations established in Section 16 of the Agreement; 

		
	•
	provide forensic reports (or assist EIG in preparing written responses to audit requirements and/or findings without charge, sufficient to enable EIG to comply with its legal obligations with regard to any Security Incident arising from a breach of Service Provider’s obligations under this Agreement with regard to a Security Incident, or if it does not do so, be responsible for reasonable costs for EIG to perform a forensic analysis; 

		
	•
	be responsible for reasonable costs for EIG's legally required notification of data subjects with regard to any Security Incident arising from the breach of Service Provider’s obligations under the Agreement, subject to all limitations set forth in the Agreement;

		
	•
	be responsible for reasonable costs for EIG's provision of [**] credit monitoring for data subjects affected by any Security Incident arising from the breach of Service Provider’s obligations under the Agreement; 

		
	•
	be responsible for reasonable costs for EIG to create and implement a security breach support hotline in response to any Security Incident arising from the breach of Service Provider’s obligations under the Agreement; and 

		
	•
	appropriately document responsive actions taken related to any Security Incident, including without limitation, post-incident review of events and actions taken, if any, to make changes in business practices related to the protection of EIG Confidential Information, escalation procedures to senior managers, and any reporting to regulatory and law enforcement agencies.

 

7.2  Notwithstanding the foregoing, if Service Provider is found to have engaged in negligent acts in connection with its obligations under the Agreement, Service Provider will be responsible for all costs and expenses in connection with its participation in any EIG or governmental investigations regarding EIG Confidential Information or the provision of the Services. 
 
7.3  The content and provision of any notification by EIG of the Security Incident will be solely at the discretion of EIG, provided EIG will not name Service Provider in any notification unless mutually agreed by both parties in writing, unless otherwise required by applicable law or government request.

7.4  The obligations of this Section 7 will not act to restrict Service Provider's lawful disclosure of the EIG Confidential Information pursuant to any applicable state or federal laws or by request or order of any court or government agency. Provided, however, before making such a disclosure, Service Provider must give notice as described in Section 9.2.

7.5  Service Provider must provide the following for the Security Incident when "relevant data" might include any data stored regarding any person affiliated with EIG, access logs, activity logs, transaction logs, changes to access rights, etc., as detailed by the system architecture and practices provided by Service Provider: 

[**]

8.  Subcontractors
Service Provider will ensure that each approved Subcontractor will comply with terms not less stringent than the terms of this Schedule as may be applicable to such obligations arising out of the Agreement as are performed by such Subcontractor.  Service Provider will be legally responsible to EIG for any compensable damages under this Agreement suffered by EIG attributable to any Subcontractor engaged by Service Provider to perform any part of Service Provider's obligations under this Agreement, without prejudice to Service Provider's ability to assert and pursue any claim against any such Subcontractor.  If Service Provider has knowledge of a reasonably suspected or actual violation of Service Provider's obligations under this Agreement by a Subcontractor, Service Provider will notify EIG promptly in writing (email permitted). If EIG determines that such Subcontractor has violated Service Provider's obligations with respect to EIG Confidential Information, EIG reserves the right to require Service Provider to stop using the Subcontractor for any of the Services provided to EIG promptly and to require the Subcontractor to return or destroy all EIG Confidential Information in Subcontractor's possession or control promptly. Notwithstanding anything to the contrary in the Agreement or this Schedule, Subcontractors will not disclose or allow access by any other party to any EIG Confidential Information without the prior written consent (email permitted) of EIG, except to the extent such disclosure or access is required by applicable law.

9.  Data Processing and Disclosure.
9.1  The Parties will not Process or disclose the other Party’s information for any purpose, except to the extent (i) necessary to provide the Services in accordance with the terms of the Agreement; (ii) as mutually agreed to in writing by the Parties; or (iii) to the extent required by applicable law. 

9.2  Notwithstanding anything to the contrary in the Agreement, neither Party will disclose nor allow access to any Confidential Information of the other Party to any third party without the prior written consent of the other Party, except to the extent required by applicable law. If any Party receives a request, demand or other similar notice seeking disclosure, from a third party in connection with any government investigation or court 

 

proceeding that the Party believes would require it to produce or disclose any Confidential Information from the other Party, then the Party will first promptly notify the other Party in writing of such request to the extent permitted by applicable law prior to making any such production or disclosure to provide the other Party with a reasonable amount of time to respond to such request before disclosing the requested information to such third party, and provide commercially reasonable cooperation at the other Party's cost to the extent reasonable, if it wishes to limit, challenge or protect against such disclosure, to the extent permitted by applicable law or regulation.

10.  Audits and Inspections
10.1  On [**] basis, EIG may ask Service Provider to complete a privacy and security questionnaire as part of its [**] compliance program. Additionally, upon reasonable advance notice to Service Provider and during normal business hours, EIG may conduct a site visit of the  Facilities, subject to the following: (a) such visit will be at EIG’s expense and be conducted by representatives of EIG, including without limitation its independent third-party auditor; (b) such site visit will occur at a mutually agreeable time not more than [**] per Service Provider Facility (other than a visit in connection with a Security Incident); (c) such site visit will not unreasonably interfere with Service Provider's operations and will be of reasonable duration; and (d) any third party performing such site visit on behalf of EIG will execute a nondisclosure agreement with Service Provider in a form reasonably acceptable to Service Provider with respect to the confidential treatment and restricted use of Service Provider’s confidential information. If during a site visit, EIG discovers a problem with privacy, security or other operational matters that violate Service Provider’s obligations under the Agreement, EIG and Service Provider will use commercially reasonable and good faith efforts to remediate such problems ("Remediation Plan"). Service Provider will execute and complete the Remediation Plan without unreasonable delay, and, upon request, notify EIG when such actions are completed. 

10.2  In the case of a Security Incident, Service Provider will initiate a call with EIG regarding the Security Incident within [**] of the Security Incident, which is in addition to the notification requirement under Section 7.1 of this Schedule. EIG may conduct a site visit within [**] after the initial notice of the Security Incident from Service Provider to EIG. Access to the Facilities will be subject to Service Provider's reasonable access requirements, technical restrictions, and security policies. [**] prior to a scheduled site visit (other than a visit in connection with a Security Incident), EIG will provide Service Provider with a list of records that EIG would like to inspect ("Records Request"). If Service Provider objects to EIG reviewing particular records, Service Provider will notify EIG promptly and the parties will discuss the matter in good faith to arrive at a mutually agreed Records Request. Service Provider will have the mutually agreed Records Request available for EIG's inspection on the agreed site visit date (unless another time is mutually agreed to). If Service Provider, in good faith, is not able to have such information available at that time, Service Provider will notify EIG in advance, but no less than [**] prior to the site visit date, and the parties will decide whether to proceed with the visit. If the parties decide to reschedule the visit, the new date will be no more than [**] after the originally scheduled date. Notwithstanding the foregoing, if during a site visit, EIG discovers a problem with security or other operational matters that violates Service Provider's obligations hereunder, EIG and Service Provider will use commercially reasonable and good faith efforts to create a Remediation Plan. Service Provider will execute and complete the Remediation Plan without unreasonable delay, and, upon request, notify EIG when such actions are completed. 

11.  Background Checks 
11.1  As of the Amendment Effective Date, Service Provider will conduct background checks on all new full-time, contract and temporary personnel involved in the performance of Services for EIG under the Agreement consistent with the below:

 

[**]

11.2  For employees hired prior to the Amendment Effective Date, Service Provider shall complete background checks as set forth in Section 11.1 above for all key personnel who have privileged access to DWTPL’s systems or access to financial information (“Key Personnel”) within [**] of the Amendment Effective Date.  For all non-Key Personnel hired prior to the Amendment Effective Date, Service Provider has conducted basic background checks, including:

[**]

12. Administrative Controls
12.1  Service Provider will ensure that all individuals that will have access to EIG Confidential Information undergo and successfully complete adequate and appropriate privacy and data security training prior to having access to EIG Confidential Information. Such training must be provided to all such individuals on at least an annual basis and comply with applicable laws, regulations and commercially reasonable practices. 

12.2  Service Provider will implement and maintain policies documenting the consequences for violations of Service Provider's privacy and data security policies and escalation procedures for non-compliance with such policies.

12.3  Service Provider agrees that all Service Provider employees that Process EIG Personal Information will comply with the requirements of this Schedule.

13.  Survival
This Schedule and related provisions in the Agreement will survive so long as Service Provider has access to or retains EIG Confidential Information. Notwithstanding the foregoing, the following provisions in this Schedule will survive indefinitely: Sections 4 and 9.Exhibit

EXHIBIT 4.1

DARDEN RESTAURANTS, INC. 
OFFICERS’ CERTIFICATE AND AUTHENTICATION ORDER 
FOR 4.550% SENIOR NOTES DUE 2048

Pursuant to the Indenture dated as of January 1, 1996 between Darden Restaurants, Inc. (the “Company”) and Wells Fargo Bank, National Association (as successor to Wells Fargo Bank Minnesota, National Association, formerly known as Norwest Bank Minnesota, National Association), as trustee (the “Trustee”), as amended and supplemented by the First Supplemental Indenture dated as of February 20, 2018 (such Indenture, as so amended and supplemented, the “Indenture”), and the resolutions adopted by the Board of Directors of the Company on January 18, 2018 and the resolutions adopted by the Pricing Committee of the Company on February 7, 2018, this Officers’ Certificate and Authentication Order is being delivered to the Trustee to establish the terms of a series of Securities in accordance with Section 301 of the Indenture, to establish the form of the Securities of such series in accordance with Section 201 of the Indenture, to request the authentication and delivery of the Securities of such series pursuant to Section 303 of the Indenture and to comply with the provisions of Section 102 of the Indenture. 
Capitalized terms used but not defined herein and defined in the Indenture shall have the respective meanings ascribed to them in the Indenture. 
A.    Establishment of Series Pursuant to Section 301 of Indenture. There is hereby established pursuant to Section 301 of the Indenture a series of Securities which shall have the following terms (the numbered clauses set forth below correspond to the numbered subsections of Section 301 of the Indenture): 
(1)    The series of Securities hereby being authorized shall bear the title “4.550% Senior Notes due 2048” (referred to herein as the “Notes”).
(2)    The aggregate principal amount of Notes which may be authenticated and delivered under the Indenture shall be limited to $300,000,000 (except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 304, 305, 306, 906 or 1107 of the Indenture and except for any Notes which, pursuant to Section 303 of the Indenture, are deemed never to have been authenticated and delivered). 
(4)    The date on which the principal of the Notes is due and payable shall be February 15, 2048.
(5)    The Notes shall bear interest at the rate of 4.550% per year (based upon a 360-day year of twelve 30-day months) (the “Interest Rate”) from February 22, 2018, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, payable semiannually in arrears on February 15 and August 15 of each year, commencing August 15, 2018, until the principal thereof is paid or made available for payment, to the Person in whose name such Notes are registered at the close of business 

1

on the February 1 or August 1 Regular Record Date next preceding the February 15 or August 15 Interest Payment Date. Each February 15 and August 15 shall be an “Interest Payment Date” for the Notes, and the February 1 or August 1 (whether or not a Business Day), as the case may be, next preceding an Interest Payment Date shall be the “Regular Record Date” for the interest payable on such Interest Payment Date. 
(6)    The interest on each Note that is not represented by a Global Security shall be payable at the principal corporate trust office of the Trustee; provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. The principal of (and premium, if any) and interest payable at Maturity on each Note that is not represented by a Global Security will be made against presentation of such Note at the principal corporate trust office of the Trustee. Payment of principal of (and premium, if any) and interest on each Note that is represented by a Global Security shall be made to The Depository Trust Company or its nominee, as the case may be, as the sole registered owner and the sole Holder of Notes represented thereby for all purposes under the Indenture. 
(7)    At any time prior to August 15, 2047 (the “Par Call Date”), the Notes will be redeemable at the option of the Company, in whole or from time to time in part, upon not less than 30 days’ nor more than 60 days’ notice by mail, at a Redemption Price equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon that would be due if the Notes matured on the Par Call Date (exclusive of interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points plus, in either case, accrued and unpaid interest on the Notes to the Redemption Date.  At any time on or after the Par Call Date, the Notes will be redeemable at the option of the Company, in whole or from time to time in part, at a Redemption Price equal to 100% of the principal amount of the Notes to be redeemed on the Redemption Date, plus accrued and unpaid interest thereon to the Redemption Date. Interest installments whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holders of such Notes of record at the close of business on the relevant Record Dates referred to on the face thereof, all as provided in the Indenture. No Note of a principal amount of $2,000 or less shall be redeemed in part.
For purposes of determining the amount at which the Notes may be redeemed, the following terms shall have the meanings set forth next to each of them below: 
“Treasury Rate” means, with respect to any Redemption Date, the rate per year equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. 
“Comparable Treasury Issue” means the United States Treasury security or securities selected by an Independent Investment Banker as having an actual or 

2

interpolated maturity comparable to the remaining term of the Notes to be redeemed (assuming for this purpose, that the Notes matured on the Par Call Date) that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities having such comparable maturity. 
“Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the Company. 
“Comparable Treasury Price” means, with respect to any Redemption Date, (1) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (2) if the Company receives fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations. 
“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury Dealer at 5:00 p.m. New York time on the third Business Day preceding such Redemption Date. 
“Reference Treasury Dealer” means each of (1) Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC, or their respective affiliates that are Primary Treasury Dealers, and their respective successors, and (2) at least one other primary U.S. Government securities dealer in the City of New York (a “Primary Treasury Dealer”) selected by the Company; provided, however, that if any of the foregoing shall cease to be a Primary Treasury Dealer, the Company shall substitute therefor another Primary Treasury Dealer. 
 (8)    The Company shall not be obligated to redeem or purchase any Notes pursuant to any sinking fund or analogous provision. 
If a Change of Control Triggering Event (as defined below) occurs, unless the Company has previously exercised its right to redeem the Notes as described in paragraph (7) above, Holders of the Notes may require the Company to repurchase all or any part (equal to $2,000 principal amount or in integral multiples of $1,000 in excess thereof) of the Notes pursuant to the offer described below (the “Change of Control Offer”) at a purchase price in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest, if any, on the Notes repurchased, to the date of repurchase (the “Change of Control Payment”). 
Within 30 days following any Change of Control Triggering Event, or, at the Company’s option, prior to any Change of Control (as defined below) but after the public announcement of the Change of Control, the Company shall mail a notice to Holders of Notes describing the transaction or transactions that constitute or may constitute the Change 

3

of Control Triggering Event and offering to repurchase the Notes on the date specified in the notice, which date shall be no earlier than 30 days and no later than 60 days from the date such notice is mailed (the “Change of Control Payment Date”), pursuant to the procedures required by the Notes and described in such notice. The notice shall, if mailed prior to the date of consummation of the Change of Control, state that the offer to purchase is conditioned on the Change of Control Triggering Event occurring on or prior to the payment date specified in the notice. The Company shall comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control Triggering Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control provisions of the Notes, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under the Change of Control provisions of the Notes by virtue of such conflict and compliance with laws. 
On the Change of Control Payment Date, the Company shall, to the extent lawful: 
	
		
	(i)
	accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer;

	(ii)
	deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes or portions of Notes properly tendered; and

	(iii)
	deliver or cause to be delivered to the Trustee the Notes properly accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased.

The Paying Agent shall promptly pay, from funds deposited by the Company for such purpose, to each Holder of Notes properly tendered the Change of Control Payment in respect of such Notes, and the Trustee shall promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Note equal in principal amount to any unpurchased portion of any Notes surrendered. No Note of a principal amount of $2,000 or less shall be repurchased in part. 
The Company shall not be required to make a Change of Control Offer if a third party makes an offer in the manner, at the times and otherwise in compliance with the requirements for a Change of Control Offer made by the Company and such third party purchases all Notes properly tendered and not withdrawn under its offer. In addition, the Company shall not repurchase any Notes if there has occurred and is continuing on the Change of Control Payment Date an Event of Default under the Indenture, other than a default in the payment of the Change of Control Payment upon a Change of Control Triggering Event. 

4

For purposes of determining the circumstances under which the Company shall be required to repurchase Notes at the option of Holders upon a Change of Control, the following terms shall have the meanings set forth next to each of them below: 
“Change of Control” means the occurrence of any of the following: (1) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the Company and its subsidiaries taken as a whole to any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) other than the Company or one of its subsidiaries; (2) the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) (other than the Company or one of its subsidiaries) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the Company’s Voting Stock (as defined below) measured by voting power rather than number of shares; or (3) the first day on which a majority of the members of the Company’s Board of Directors are not Continuing Directors (as defined below). Notwithstanding the foregoing, a transaction shall not be deemed to involve a Change of Control if (1) pursuant to such transaction, the Company becomes a wholly owned subsidiary of a holding company that has agreed to be bound by the terms of the Notes and (2)(A) the holders of the Voting Stock of such holding company immediately following that transaction are substantially the same as the holders of the Company’s Voting Stock immediately prior to that transaction or (B) immediately following that transaction no person is the beneficial owner, directly or indirectly, of more than 50% of the Voting Stock of the holding company. 
“Change of Control Triggering Event” means the occurrence of both a Change of Control and a Rating Event (as defined below). Notwithstanding the foregoing, no Change of Control Triggering Event will be deemed to have occurred in connection with any particular Change of Control unless and until such Change of Control has actually been consummated.
“Continuing Directors” means, as of any date of determination, members of the Company’s Board of Directors who (1) were members of such Board of Directors on the date of the issuance of the Notes or (2) were nominated for election or elected to such Board of Directors with the approval of a majority of the continuing directors under clause (1) or (2) of this definition who were members of such Board of Directors at the time of such nomination or election (either by a specific vote or by approval of the Company’s proxy statement in which such member was named as a nominee for election as a director, without objection to such nomination). 
“Fitch” means Fitch Ratings Inc.  
“Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s (as defined below) and equal to or higher than BBB- (or 

5

the equivalent) by S&P (as defined below) and Fitch (or, in each case, if such rating agency ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons considered outside of the Company’s control, the equivalent investment grade credit rating from any rating agency selected by the Company as a replacement rating agency as set forth in the definition of “Rating Agencies” below). 
“Moody’s” means Moody’s Investors Service, Inc. 
“Rating Agencies” means (1) each of Fitch, Moody’s and S&P; and (2) if Fitch, Moody’s or S&P ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” as defined in Section 3(a)(62) of the Exchange Act, selected by the Company (as certified by a Board Resolution) as a replacement agency for Fitch, Moody’s or S&P, or any of them, as the case may be. 
“Rating Event” means the Notes are rated below an Investment Grade Rating (as defined below) by each of the Rating Agencies (as defined below) on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of a Change of Control (which 60-day period shall be extended so long as the rating of the Notes is under publicly announced consideration for possible downgrade below investment grade by any of the Rating Agencies); provided, that a Rating Event otherwise arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus shall not be deemed a Rating Event for purposes of the definition of Change of Control Triggering Event) if the Rating Agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the Trustee in writing at the Company’s request that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the Rating Event).
“S&P” means S&P Global Ratings, a division of S&P Global Inc. 
“Voting Stock” means, with respect to any specified “person” (as that term is used in Section 13(d)(3) of the Exchange Act) as of any date, the capital stock of such person that is at the time entitled to vote generally in the election of the board of directors of such person. 
(9)    The Notes shall be issuable in minimum denominations of $2,000 and in integral multiples of $1,000 in excess thereof. 
(16)    The Notes shall be issued initially only in the form of one or more Global Securities registered in the name of the Depositary or its nominee. The Depositary with respect to such Global Securities shall be The Depository Trust Company. The Global Securities shall bear the legends set forth in Annex A hereto. 

6

(18)    In respect of the Notes, Section 1009 “Restrictions on Sale and Leaseback Transactions” of the Indenture is amended by deleting the following paragraph:
Notwithstanding the foregoing, the Company and its Restricted Subsidiaries, or any of them, may enter into a Sale and Leaseback Transaction which would otherwise be prohibited by this Section 1009, provided, that at the time of such transaction after giving effect thereto, the sum of (i) the aggregate amount of the Attributable Value in respect of all Sale and Leaseback Transactions existing at such time which could not have been entered into except for the provisions of this paragraph plus (ii) the aggregate amount of outstanding Indebtedness secured by liens in reliance on the last paragraph of Section 1008 does not at such time exceed the greater of (x) 10% of Consolidated Capitalization of the Company or (y) $250,000,000. 
and replacing it with the following paragraph: 
Notwithstanding the foregoing, the Company and its Restricted Subsidiaries, or any of them, may enter into a Sale and Leaseback Transaction which would otherwise be prohibited by this Section 1009, provided, that at the time of such transaction, after giving effect thereto, the sum of (i) the aggregate amount of the Attributable Value in respect of all Sale and Leaseback Transactions existing at such time which could not have been entered into except for the provisions of this paragraph plus (ii) the aggregate amount of outstanding Indebtedness secured by liens in reliance on the last paragraph of Section 1008 does not at such time exceed the greater of (x) 10% of Consolidated Capitalization of the Company or (y) $500,000,000. 
(19)    The Notes shall have such other terms and provisions as are provided in the form set forth in Annex A hereto. 
B.    Establishment of Form of Security Pursuant to Section 201 of Indenture. It is hereby established pursuant to Section 201 of the Indenture that the Notes shall be substantially in the form attached as Annex A hereto. 
C.    Order for the Authentication and Delivery of Debt Securities Pursuant to Section 303 of the Indenture. It is hereby ordered pursuant to Section 303 of the Indenture that the Trustee authenticate, in the manner provided by the Indenture, one Note in the aggregate principal amount of $300,000,000 registered in the name of Cede & Co., which Note will be duly executed by the proper officers of the Company and delivered to the Trustee as provided in the Indenture, and to deliver said authenticated Note to or upon the order of Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC on February 22, 2018. 
D.    Certification Pursuant to Section 102 of the Indenture. The undersigned have read the pertinent sections of the Indenture, including Sections 201, 301 and 303 thereof and the definitions in the Indenture relating thereto, and certain other corporate documents and records. In the opinion of the undersigned, the undersigned have made such examination or investigation as is necessary to enable the undersigned to express an informed opinion as to whether or not the conditions precedent to (i) the establishment of (a) a series of Securities and (b) the form of such 

7

Securities, and (ii) the authentication and delivery of such series of Securities, contained in the Indenture have been complied with. In the opinion of the undersigned, such conditions have been complied with. 
[signature page follows] 

8

IN WITNESS WHEREOF, we have hereunto signed our names on behalf of the Company. 
Dated: February 22, 2018 
	
			
	 
	 
	 

	DARDEN RESTAURANTS, INC.

	

	 

	By:
	 
	/s/ Ricardo Cardenas

	Name:
	 
	Ricardo Cardenas

	Title:
	 
	Senior Vice President and Chief Financial Officer

	

	 

	By:
	 
	/s/ William R. White, III

	Name:
	 
	William R. White, III

	Title:
	 
	Senior Vice President and Treasurer

ANNEX A 
	
							
	 
	 
	 
	 
	 
	 
	 

	REGISTERED NO. R-
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	REGISTERED
	 
	 

	CUSIP NO. 237194 AM7
	 
	 
	 
	PRINCIPAL AMOUNT:
	 
	U.S. $

DARDEN RESTAURANTS, INC. 
4.550% Senior Notes due 2048

[Insert if the Security is to be a Global Security — Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to the Company or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein. 
This Security is a Global Security within the meaning of the Indenture hereinafter referred to and is registered in the name of a Depositary or a nominee thereof. This Security may not be exchanged in whole or in part for a Security registered, and no transfer of this Security in whole or in part may be registered, in the name of any Person other than such Depositary or a nominee thereof, except in the limited circumstances described in the Indenture.] 
Darden Restaurants, Inc., a corporation duly organized and existing under the laws of Florida (herein called the “Company,” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to _______, or registered assigns, the principal sum of _________ Dollars ($________) on February 15, 2048, and to pay interest thereon from February 22, 2018, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semiannually in arrears on February 15 and August 15 in each year, commencing on August 15, 2018, at the rate of 4.550% per year (the “Interest Rate”), until the principal hereof is paid or made available for payment. The amount of interest payable for any period shall be computed on the basis of twelve 30-day months and a 360-day year. The amount of interest payable for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the days elapsed in any partial month. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the February 1 and August 1 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business 

A-1

on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Securities of this series may be listed or traded, and upon such notice as may be required by such exchange or automated quotation system, all as more fully provided in said Indenture. 
The interest on any Security of this series that is not a Global Security shall be payable at the principal corporate trust office of the Trustee; provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. The principal of (and premium, if any) and interest payable at Maturity on any Security of this series that is not a Global Security will be made against presentation of this Security at the principal corporate trust office of the Trustee. Payment of principal of (and premium, if any) and interest on any Security of this series that is represented by a Global Security shall be made to The Depository Trust Company or its nominee, as the case may be, as the sole registered owner and the sole Holder of the Global Security represented thereby for all purposes under the Indenture. 
Payment of the principal of (and premium, if any) and interest on any Security of this series will be made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. 
Reference is hereby made to the further provisions of this Security set forth below, which further provisions shall for all purposes have the same effect as if set forth at this place. 
Unless the certificate of authentication hereon has been executed by the Trustee referred to below by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its corporate seal. 
	
									
	 
	 
	 
	 
	 
	 
	DARDEN RESTAURANTS, INC.

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	By:
	 
	   

	 
	 
	 
	 
	 
	 
	Name:
	 
	   

	 
	 
	 
	 
	 
	 
	Title:
	 
	   

	Attest:
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	Name:
	 
	   
	 
	 
	 
	 
	 
	 

	Title:
	 
	   
	 
	 
	 
	 
	 
	 

A-2

TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
This is one of the Securities of the series designated therein referred to in the within mentioned Indenture. 
	
	
	 

	WELLS FARGO BANK,

	NATIONAL ASSOCIATION

	(as successor to Wells Fargo Bank Minnesota, National Association, formerly known as Norwest Bank Minnesota, National Association), as Trustee

	
			
	By:
	 
	 

	 
	 
	Authorized Signatory

Dated:  

A-3

DARDEN RESTAURANTS, INC. 
4.550% Senior Notes due 2048
This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be issued in one or more series under an Indenture, dated as of January 1, 1996, as amended and supplemented by the First Supplemental Indenture dated as of February 20, 2018, (such Indenture, as so amended and supplemented, herein called the “Indenture,” which term shall have the meaning assigned to it in such instrument), between the Company and Wells Fargo Bank, National Association (as successor to Wells Fargo Bank Minnesota, National Association, formerly known as Norwest Bank Minnesota, National Association), as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture, an Officers’ Certificate of the Company establishing the terms of the Securities of this series pursuant to Section 301 of the Indenture and all indentures supplemental thereto for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated above, limited in aggregate principal amount to $300,000,000. By the terms of the Indenture, additional Securities of other separate series, which may vary as to date, amount, Stated Maturity, interest rate or method of calculating the interest rate and in other respects as therein provided, may be issued in an unlimited principal amount. 
At any time prior to August 15, 2047 (the “Par Call Date”), the Securities of this series will be redeemable at the option of the Company, in whole or from time to time in part, upon not less than 30 days’ nor more than 60 days’ notice by mail, at a Redemption Price equal to the greater of (i) 100% of the principal amount of the Securities of this series to be redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon that would be due if the Securities of this series matured on the Par Call Date (exclusive of interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points plus, in either case, accrued and unpaid interest on such Securities to the Redemption Date.  At any time on or after the Par Call Date, the Securities of this series will be redeemable at the option of the Company, in whole or from time to time in part, at a Redemption Price equal to 100% of the principal amount of the Securities to be redeemed on the Redemption Date, plus accrued and unpaid interest thereon to the Redemption Date. Interest installments whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holders of such Securities of record at the close of business on the relevant Record Dates referred to on the face hereof, all as provided in the Indenture. No Security of a principal amount of $2,000 or less shall be redeemed in part.
For purposes of determining the amount at which the Securities of this series may be redeemed, the following terms shall have the meanings set forth next to each of them below: 
“Treasury Rate” means, with respect to any Redemption Date, the rate per year equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. 
“Comparable Treasury Issue” means the United States Treasury security or securities selected by an Independent Investment Banker as having an actual or interpolated maturity comparable to the remaining term of the Securities of this series to be redeemed (assuming for this purpose, that the Securities of this series matured on the Par Call Date) that would be utilized, at 

A-4

the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities having such comparable maturity. 
“Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the Company. 
“Comparable Treasury Price” means, with respect to any Redemption Date, (1) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (2) if the Company receives fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations. 
“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury Dealer at 5:00 p.m. New York time on the third Business Day preceding such Redemption Date. 
“Reference Treasury Dealer” means each of (1) Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC, or their respective affiliates that are Primary Treasury Dealers, and their respective successors, and (2) at least one other primary U.S. Government securities dealer in the City of New York (a “Primary Treasury Dealer”) selected by the Company; provided, however, that if any of the foregoing shall cease to be a Primary Treasury Dealer, the Company shall substitute therefor another Primary Treasury Dealer. 
In the event of redemption of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. No Security of this series of a principal amount of $2,000 or less shall be redeemed in part. 
If a Change of Control Triggering Event (as defined below) occurs, unless the Company has previously exercised its right to redeem the Securities of this series as described above, Holders of the Securities of this series may require the Company to repurchase all or any part (equal to $2,000 principal amount or in integral multiples of $1,000 in excess thereof) of the Securities of this series pursuant to the offer described below (the “Change of Control Offer”) at a purchase price in cash equal to 101% of the aggregate principal amount of Securities of this series repurchased plus accrued and unpaid interest, if any, on the Securities of this series repurchased, to the date of repurchase (the “Change of Control Payment”). 
Within 30 days following any Change of Control Triggering Event, or, at the Company’s option, prior to any Change of Control (as defined below) but after the public announcement of the Change of Control, the Company shall mail a notice to Holders of the Securities of this series describing the transaction or transactions that constitute or may constitute the Change of Control Triggering Event and offering to repurchase the Securities of this series on the date specified in the notice, which date shall be no earlier than 30 days and no later than 60 days from the date such notice is mailed (the “Change of Control Payment Date”), pursuant to the procedures required by such Securities and described in such notice. The notice shall, if mailed prior to the date of consummation of the Change of Control, state that the offer to purchase is conditioned on the Change of Control Triggering Event occurring on or prior to the payment date specified in the notice. The Company shall comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable 

A-5

in connection with the repurchase of the Securities of this series as a result of a Change of Control Triggering Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control provisions of the Securities of this series, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under the Change of Control provisions of the Securities of this series by virtue of such conflict and compliance with laws. 
On the Change of Control Payment Date, the Company shall, to the extent lawful: 
	
		
	(i)
	accept for payment all Securities of this series or portions of Securities of this series properly tendered pursuant to the Change of Control Offer;

	(ii)
	deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Securities of this series or portions of Securities of this series properly tendered; and

	(iii)
	deliver or cause to be delivered to the Trustee the Securities of this series properly accepted together with an Officers’ Certificate stating the aggregate principal amount of Securities of this series or portions of Securities of this series being purchased.

The Paying Agent shall promptly pay, from funds deposited by the Company for such purpose, to each Holder of Securities of this series properly tendered the Change of Control Payment in respect of such Securities of this series, and the Trustee shall promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Security of this series equal in principal amount to any unpurchased portion of any Securities of this series surrendered. No Securities of this series of a principal amount of $2,000 or less shall be repurchased in part. 
The Company shall not be required to make a Change of Control Offer if a third party makes an offer in the manner, at the times and otherwise in compliance with the requirements for a Change of Control Offer made by the Company and such third party purchases all Securities of this series properly tendered and not withdrawn under its offer. In addition, the Company shall not repurchase any Securities of this series if there has occurred and is continuing on the Change of Control Payment Date an Event of Default under the Indenture, other than a default in the payment of the Change of Control Payment upon a Change of Control Triggering Event. 
For purposes of determining the circumstances under which the Company shall be required to repurchase Securities of this series at the option of Holders upon a Change of Control, the following terms shall have the meanings set forth next to each of them below: 
“Change of Control” means the occurrence of any of the following: (1) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the Company and its subsidiaries taken as a whole to any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) other than the Company or one of its subsidiaries; (2) the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) (other than the Company or one of its subsidiaries) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the Company’s Voting Stock (as defined below) measured by voting power rather than number of shares; or (3) the first 

A-6

day on which a majority of the members of the Company’s Board of Directors are not Continuing Directors (as defined below). Notwithstanding the foregoing, a transaction shall not be deemed to involve a Change of Control if (1) pursuant to such transaction, the Company becomes a wholly owned subsidiary of a holding company that has agreed to be bound by the terms of the Securities of this series and (2)(A) the holders of the Voting Stock of such holding company immediately following that transaction are substantially the same as the holders of the Company’s Voting Stock immediately prior to that transaction or (B) immediately following that transaction no person is the beneficial owner, directly or indirectly, of more than 50% of the Voting Stock of the holding company. 
 “Change of Control Triggering Event” means the occurrence of both a Change of Control and a Rating Event (as defined below). Notwithstanding the foregoing, no Change of Control Triggering Event will be deemed to have occurred in connection with any particular Change of Control unless and until such Change of Control has actually been consummated.
“Continuing Directors” means, as of any date of determination, members of the Company’s Board of Directors who (1) were members of such Board of Directors on the date of the issuance of the Securities of this series or (2) were nominated for election or elected to such Board of Directors with the approval of a majority of the continuing directors under clause (1) or (2) of this definition who were members of such Board of Directors at the time of such nomination or election (either by a specific vote or by approval of the Company’s proxy statement in which such member was named as a nominee for election as a director, without objection to such nomination). 
“Fitch” means Fitch Ratings Inc. 
“Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s (as defined below) and equal to or higher than BBB- (or the equivalent) by S&P (as defined below) and Fitch (or, in each case, if such rating agency ceases to rate the Securities of this series or fails to make a rating of the Securities of this series publicly available for reasons considered outside of the Company’s control, the equivalent investment grade credit rating from any rating agency selected by the Company as a replacement rating agency as set forth in the definition of “Rating Agencies” below). 
“Moody’s” means Moody’s Investors Service, Inc. 
“Rating Agencies” means (1) each of Fitch, Moody’s and S&P; and (2) if Fitch, Moody’s or S&P ceases to rate the Securities of this series or fails to make a rating of the Securities of this series publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” as defined in Section 3(a)(62) of the Exchange Act, selected by the Company (as certified by a Board Resolution) as a replacement agency for Fitch, Moody’s or S&P, or any of them, as the case may be. 
“Rating Event” means the Securities of this series are rated below an Investment Grade Rating (as defined below) by each of the Rating Agencies (as defined below) on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of a Change of Control (which 60-day period shall be extended so long as the rating of the Securities of this series is under publicly announced consideration for possible downgrade below investment grade by any of the Rating Agencies); provided, that a Rating Event otherwise arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus shall not be deemed a Rating Event for purposes of the definition of Change of Control Triggering Event) if the Rating Agencies making the reduction in rating to which this definition would otherwise 

A-7

apply do not announce or publicly confirm or inform the Trustee in writing at the Company’s request that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the Rating Event). 
 “S&P” means S&P Global Ratings, a division of S&P Global Inc.
“Voting Stock” means, with respect to any specified “person” (as that term is used in Section 13(d)(3) of the Exchange Act) as of any date, the capital stock of such person that is at the time entitled to vote generally in the election of the board of directors of such person. 
The Indenture contains provisions for defeasance at any time of the entire indebtedness of this Security or certain restrictive covenants and Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture. 
If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 
The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of not less than a majority in aggregate principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in aggregate principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of a majority in principal amount of the Securities of this series at the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 
No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Security at the times, places and rate, and in the coin or currency, herein prescribed. 

A-8

As provided in the Indenture and subject to certain limitations therein set forth and set forth herein, the transfer of this Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Security are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
The Securities of this series are issuable only in registered form without coupons in denominations of $2,000 and any integral multiple of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations (including, if this Security is a Global Security, certain additional limitations) therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 
No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
The Securities shall be governed by and construed in accordance with the laws of the State of New York. 
All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 
_____________________________

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Abbreviations 
The following abbreviations, when used in the inscription above, shall be construed as though they were written out in full according to applicable laws or regulations. 

TEN COM – as tenants in common
TEN ENT – as tenants by the entireties
JT TEN – as joint tenants with right of survivorship and not as tenants in common
UNIF GIFT MIN ACT –    ___________________    Custodian     ____________________
(Cust)    (Minor)

Under Uniform Gifts to
Minor Act

_____________________
(State)
Additional abbreviations may also be used though not in the above list.

_____________________________________

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Assignment 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 
_____________________________________________
PLEASE INSERT SOCIAL SECURITY OR OTHER 
IDENTIFYING NUMBER OF ASSIGNEE 

_____________________________________
_____________________________________

(Please Print or Typewrite Name and Address 
Including Postal Zip Code of Assignee) 
the within Security and all rights thereunder, and hereby irrevocably constitutes and appoints 

_____________________________________________________________________

to transfer said Security on the books of the Company, with full power of substitution in the premises. 

Dated: 

Signature Guaranteed 

            
NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within Security in every particular, without alteration or enlargement or any change whatever.

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