COCA COLA BOTTLING CO CONSOLIDATED /DE/
SWEETENER SALES AGREEMENT
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<TYPE>EX-10.34
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<FILENAME>dex1034.htm
<DESCRIPTION>SWEETENER SALES AGREEMENT
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<TITLE>SWEETENER SALES AGREEMENT</TITLE>
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  <p style=' margin-bottom:0pt;text-align:right; margin-top:8pt;'><b><font size=2>Exhibit 10.34</font></b></p> <p style=' margin-bottom:0pt;text-align:center; margin-top:16pt;'><u><b><font SIZE=2>SWEETENER SALES
AGREEMENT - BOTTLER</font></b></u></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>This agreement (&#147;Agreement&#148;) made and entered into this 14</font><i><font size=2> </font></i><font size=2>day of
OCTOBER, 2002, by and between The Coca-Cola Company, a Delaware corporation (&#147;Company&#148;), through its Coca-Cola North America Division, and Coca-Cola Bottling Company Consolidated, a Delaware corporation (&#147;Bottler&#148;).</font></p> <p
style=' margin-bottom:0pt;text-align:center; margin-top:16pt;'><u><b><font SIZE=2>WITNESSETH</font></b></u><b><font size=2>:</font></b></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>WHEREAS, Company has
otherwise granted Bottler the right to manufacture from concentrate and/or beverage base certain carbohydrate sweetened soft drink beverages and/or syrups (&#147;Products&#148;) under the one or more agreements (&#147;Authorization
Agreements&#148;);</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>WHEREAS, Bottler plans to purchase carbohydrate sweeteners for use in its manufacture of Products and not for resale or delivery to a third
party;</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>WHEREAS, Company is engaged in the procurement of carbohydrate sweeteners for its own purposes and has acquired certain skill and knowledge in
connection therewith;</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>WHEREAS, Bottler desires to take advantage of the skill, knowledge and services of Company in the procurement of carbohydrate
sweeteners;</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>WHEREAS, subject to the terms and conditions of this Agreement, Bottler is willing to purchase carbohydrate sweeteners from Company and Company is
willing to sell carbohydrate sweeteners to Bottler;</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>NOW, THEREFORE, in consideration of the premises hereof and of the mutual promises contained herein, the
parties hereto agree as follows:</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><u><font size=2>Section 1</font></u><font size=2>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Definitions</font></u><font
size=2>.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>As used in this Agreement, the following terms have the specified meanings:</font></p> <p style=' margin-bottom:0pt; margin-left:1.08in;
text-indent:-0.36in; margin-top:6pt;'><font size=2>a.</font><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>&#147;Originating Supplier&#148; means the carbohydrate sweetener supplier which sells the sweeteners
to or processes the sweeteners for Company.</font></p> <p style=' margin-bottom:0pt; margin-left:1.08in; text-indent:-0.36in; margin-top:6pt;'><font size=2>b.</font><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font
size=2>&#147;Sweeteners&#148; means carbohydrate sweeteners derived from sugar cane, sugar beet, corn or other source(s) approved by Company.</font></p> <p style=' margin-bottom:0pt; margin-left:1.08in; text-indent:-0.36in; margin-top:6pt;'><font
size=2>c.</font><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>&#147;Bottler Customer&#148; means any bottler of Company for whom Bottler manufactures carbohydrate sweetened soft drink beverages and/or syrups
using Sweeteners delivered hereunder.</font></p> <p style=' margin-bottom:0pt; margin-top:0pt;'><font size=2>&nbsp;</font></p> <br><p style='margin-bottom:0pt;text-align:center'><font size=2>
1</font></p>
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  <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><u><font size=2>Section 2</font></u><font size=2>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Authorization</font></u><font
size=2>.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>For purposes of Bottler&#146;s compliance with sweetener quality assurance requirements independently established by Coca-Cola North America, Company
will be deemed an approved supply point for Sweeteners furnished hereunder for Bottler&#146;s manufacture of Products from concentrate and/or beverage base. Nothing in this Agreement will be construed to authorize Bottler to purchase or use any
concentrate or beverage base in the manufacture of syrups or beverages.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><u><font size=2>Section 3</font></u><font size=2>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font
size=2>Purchase, Sale and Usage of Sweeteners</font></u><font size=2>.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>Company will sell to Bottler and Bottler will buy from Company all Bottler&#146;s
requirements for Sweeteners. Bottler will use the Sweeteners only in its own manufacturing operations in the manufacture of products of Company and approved non-Company products for itself and approved Bottler Customers. Bottler will not resell or
arrange for the delivery to any third party of Sweeteners covered by this Agreement. Approval of each Bottler Customer and each non-Company product will be within the sole discretion of Company. Company and Bottler shall in good faith continue joint
efforts towards strategy development, program performance management and program administration.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>The Sweeteners will conform to the specifications in effect
between Company and the Originating Supplier(s) as may from time to time be revised by Company (the &#147;Specifications&#148;). The Specifications (which may also include quality control requirements for Sweeteners as set forth in Section 6 below)
will be automatically incorporated herein by reference and made a part hereof.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>Company will request and Bottler will furnish a good faith forecast of its
requirements for Sweeteners (&#147;Forecast&#148;) no later than October 1 of the year preceding the calendar year of Sweetener delivery. The Forecast will set forth the types and quantities of Sweeteners for each receiving location, for the
calendar year and by delivery month. The Forecast will list by name all proposed Bottler Customers and all proposed non-Company products, and state the quantity for the calendar year of each type of Sweetener for all Bottler Customers, collectively,
and for all non-Company products, collectively. Subject to Company&#146;s written approval, the Forecast (as amended to subtract quantities of Sweeteners allocable to any non-approved Bottler Customers and/or non-Company products) will be
incorporated herein by reference and made a part hereof (&#147;Approved Forecast&#148;). Bottler will promptly advise Company of any proposed amendment to the Approved Forecast, including any proposed change to the list of Bottler customers and
non-Company products identified in the Approved Forecast. If approved in writing by Company, the Approved Forecast will be further amended as requested by Bottler (or as otherwise agreed by the parties in writing), will become the Approved Forecast,
and will be incorporated herein by reference and made a part hereof. Bottler will be obligated to purchase the stated aggregate quantity for each type of Sweetener listed in the Approved Forecast, plus or minus 5%. If Company does not approve in
writing the Forecast within 30 days of Company&#146;s receipt of the Forecast from Bottler, the Forecast will be deemed approved by Company and become the Approved Forecast. If Company does not approve in writing any proposed amendment to the
Approved Forecast within 30 days of Company&#146;s receipt of said amendment from Bottler, said amendment will be deemed approved by Company and will become the Approved Forecast.</font></p> <p style=' margin-bottom:0pt; margin-top:0pt;'><font
size=2>&nbsp;</font></p> <br><p style='margin-bottom:0pt;text-align:center'><font size=2>
2</font></p>
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  <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>If, without the express written approval of Company, Bottler fails to comply with any provision of this Section 3, Company may, without
liability or advance notice, either terminate this Agreement or reduce one or more future deliveries of Sweeteners hereunder such that the aggregate deliveries to Bottler during any calendar year do not exceed Bottler&#146;s actual requirements for
use in its manufacture of Company and approved non-Company products for itself and approved Bottler Customers.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><u><font size=2>Section 4</font></u><font
size=2>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Pricing</font></u><font size=2>.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>Company will furnish price quotations based upon Bottler&#146;s
instructions as to date of pricing, quantity to be delivered and delivery period based on the Approved Forecast. The quantity specified by Bottler will be substantially in accordance with the monthly quantities set forth in the Approved Forecast.
Bottler&#146;s acceptance of Company&#146;s quotations will establish the price and the quantity for delivery hereunder for the affected delivery period. For pricing purposes, the delivery period will be one or more whole calendar months. If Bottler
has not furnished said instructions by 30 days prior to a calendar month, then the price for that month will be as established by Company based on market conditions existing at that time for the quantities to be delivered and the delivery period.
However, if market conditions indicate a delay in pricing, the Company may waive the 30-day requirement. In the event Bottler has not otherwise specified the quantity to be delivered prior to the date that pricing is established, the quantity will
be that set forth in the Approved Forecast.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>Company reserves the right upon written notice (the &#147;Charge Notice&#148;) given on or before August 1 of any
year during the term of this Agreement to elect to charge Bottler an amount for Company&#146;s services under this Agreement (the &#147;Services Charge&#148;), which may take effect no earlier than January 1 of the year immediately following the
year in which a Charge Notice is delivered. The Services Charge will take effect on and be due and payable beginning January 1 of the year immediately following the year in which a Charge Notice is delivered (or such later date as may be specified
in the Charge Notice), provided that Bottler may in its sole and absolute discretion give notice within thirty days of the Services Charge being determined that Bottler does not accept the Services Charge, in which event this Agreement shall
terminate upon the later of January 1 of the year immediately following the year in which the Charge Notice at issue was delivered (or such later date as may have been specified in the Charge Notice at issue) or the date of Bottler&#146;s notice to
decline acceptance of the Services Charge. Any termination under this Section 4 by Bottler upon receipt of a Charge Notice will be without penalty or charge to Bottler.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in;
margin-top:8pt;'><u><font size=2>Section 5</font></u><font size=2>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Invoicing and Payment</font></u><font size=2>.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in;
margin-top:8pt;'><font size=2>Company will invoice Bottler based on the payment terms in effect between the Originating Supplier(s) and Company. Invoices shall be for the net amount charged to Company with any and all customary discounts available
to Company having been applied when determining the price to Bottler, subject to a reasonable reserve for beginning-of-the-year accruals determined in accordance with GAAP (which ultimately shall be reversed) and any other reserves mutually agreed
to between Company and Bottler. Except as permitted by Section 4, Company will not charge Bottler any amount for procuring Sweeteners under this Agreement. The price charged to Bottler will be the same effective price paid by Company, and Bottler
shall have the benefit of all enhancements, promotions, discounts, rebates, price reductions, or other</font></p> <p style=' margin-bottom:0pt; margin-top:0pt;'><font size=2>&nbsp;</font></p> <br><p style='margin-bottom:0pt;text-align:center'><font
size=2>
3</font></p>
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  <p style=' margin-bottom:0pt; margin-top:8pt;'><font size=2>price adjustments of any form or nature (whether in the form of monetary adjustments or nonmonetary benefits). Company will maintain records generated in
Company&#146;s normal course of business in accordance with applicable laws to substantiate that Company has complied with this Section 5, and will make said records available to Bottler upon reasonable request and reasonable advance
notice.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><u><font size=2>Section 6</font></u><font size=2>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Delivery</font></u><font size=2>.</font></p> <p style='
margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>Delivery hereunder will commence with the first calendar month set forth in the Approved Forecast and continue until this Agreement terminates as provided in Section 8 below. No
later than the date of Company&#146;s quotation, the parties hereto will establish the terms of delivery which depend upon the type of Sweeteners and the Originating Supplier. If not otherwise established at the time, price quotations and
established pricing will be predicated upon Company&#146;s delivery terms in effect with the Originating Supplier, adjustments to be made by Company in accordance with terms for delivery to Bottler. Final scheduling of deliveries will be arranged by
Bottler either directly or indirectly (as specified by Company), with the Originating Supplier.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><u><font size=2>Section 7</font></u><font
size=2>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Quality</font></u><font size=2>.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>Bottler agrees to comply strictly with the terms of the
Specifications, and any requirements independently issued by Coca-Cola North America to bottlers of Company, relating to quality control with respect to Sweeteners, which terms and requirements, if any, or any reissue thereof by Company, are made an
integral part of this Agreement. Bottler also agrees to submit samples of Sweeteners in accordance with instructions as may be given by Company. Bottler agrees to defend, indemnify and hold Company harmless against loss, liability and damages caused
by Bottler&#146;s failure to adhere to the aforementioned terms, requirements and instructions of Company.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><u><font size=2>Section 8</font></u><font
size=2>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Term and Termination</font></u><font size=2>.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>This Agreement will become effective on the date
first written above and continue until December 31, 2007 (&#147;Initial Period&#148;), subject to automatic renewal for successive 1 year periods unless terminated effective at the end of the Initial Period or any renewal by either party giving the
other notice by the September 1 immediately prior to the end of the Initial Period or any renewal. Additionally, Company and Bottler acknowledge and agree that this Agreement may be terminated or modified at any time upon the written agreement of
both Company and Bottler. In the event Company ceases to procure a minimum of 70% of the Sweeteners used by Company&#146;s bottlers for the United States, Company may terminate this Agreement upon 60 days&#146; written notice to Bottler.</font></p>
<p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><u><font size=2>Section 9</font></u><font size=2>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Confidentiality</font></u><font size=2>.</font></p> <p style='
margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>In conjunction with performance under this Agreement, Company has disclosed and anticipates disclosing or making available to Bottler, orally and/or in writing, confidential
information, including, but not limited to, information relating to pricing, forward coverage and other terms of purchase of Sweeteners. In consideration thereof and of Company entering into this Agreement, Bottler will (1) hold all such
confidential information in strict confidence, (2)</font></p> <p style=' margin-bottom:0pt; margin-top:0pt;'><font size=2>&nbsp;</font></p> <br><p style='margin-bottom:0pt;text-align:center'><font size=2>
4</font></p>
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  <p style=' margin-bottom:0pt; margin-top:8pt;'><font size=2>not disclose such information to any other party, including, but not limited to, a party considering acquiring an equity interest in Bottler or a party
acquiring soft drinks from Bottler and (3) not disclose such information to any of its employees involved in the purchasing of sweeteners other than Sweeteners hereunder or, except on a need-to-know basis, to any of its other employees. Any officer
or employee of Bottler receiving such confidential information will be bound by the provisions of this Section 9 as though a party hereto. In the event of a breach of this Section 9 by Bottler or its officers or employees, Company may, within its
sole discretion and without liability or advance notice, terminate this Agreement.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><u><font size=2>Section 10</font></u><font
size=2>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Recordkeeping and Auditing</font></u><font size=2>.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>Bottler will maintain records for 2 years
following the year of Sweetener delivery adequate to substantiate compliance with all provisions of this Agreement. Such records will be available for inspection and auditing by Company or its designee(s) upon notice during normal business hours. If
Bottler fails to fully comply with any provision of this Section, Company may, within its sole discretion and without liability or advance notice, terminate this Agreement. Company&#146;s obligation to Bottler regarding recordkeeping is set forth in
Section 5.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><u><font size=2>Section 11</font></u><font size=2>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Force Majeure</font></u><font size=2>.</font></p> <p
style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>Neither party will be liable to the other for loss, damage, or delay in delivery or receipt of sugar caused by act of God, war conditions, compliance with governmental
laws, regulations orders or actions, embargo, fire, flood, accident, strike or labor trouble, transportation difficulty, or other similar event where the occurrence of such event is beyond the control of and occurs through no fault of either party.
Further, neither party will be liable to the other for termination or suspension of delivery by the Originating Supplier pursuant to force majeure provisions in Company&#146;s agreement(s) with such Originating Supplier.</font></p> <p style='
margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><u><font size=2>Section 12</font></u><font size=2>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Other Agreements</font></u><font size=2>.</font></p> <p style=' margin-bottom:0pt;
text-indent:0.36in; margin-top:8pt;'><font size=2>All other agreements between the parties hereto will continue in full force and effect. Under no circumstances will this Agreement be construed to modify, amend, supersede or waive any provision of
any other agreement between the parties unless the same is expressly so stated in writing signed by the parties with a specific reference to the other agreement.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><u><font
size=2>Section 13</font></u><font size=2>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Notices</font></u><font size=2>.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>Any notice, request, approval
or other document required or permitted to be given to either party under this Agreement will be deemed to be duly given when transmitted by telegraph, facsimile or deposited in the United States mail, postage prepaid for mailing by first class
addressed to the other party as follows:</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>If to Bottler:</font></p> <p style=' margin-bottom:0pt; margin-left:0.72in; margin-top:8pt;'><font size=2>the last
known address </font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>If to Company:</font></p> <br><p style='margin-bottom:0pt;text-align:center'><font size=2>
5</font></p>
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  <p style=' margin-bottom:0pt; margin-left:0.72in; margin-top:8pt;'><font size=2>North American Strategic Procurement </font><br><font size=2>Coca-Cola North America</font><br><font size=2>P.O. Box 1734</font><br><font
size=2>Atlanta, Georgia 30301 </font><br><font size=2>Attn: Vice President</font></p> <p style=' margin-bottom:0pt; margin-left:0.72in; margin-top:8pt;'><font size=2>With a copy to: Chief Counsel, Technical and Support Services </font></p> <p
style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><u><font size=2>Section 14</font></u><font size=2>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Miscellaneous</font></u><font size=2>.</font></p> <p style=' margin-bottom:0pt;
text-indent:0.36in; margin-top:8pt;'><font size=2>The parties acknowledge and agree that any information, including forward-looking information, provided by the Company regarding the price of any commodities or other materials, in the future or
otherwise, or any referral to an advisory firm, is made for informational purposes only and that the Company is not furnishing advice or making any recommendations with respect to any pricing or hedging decisions related to purchases made in
accordance with this Agreement. Bottler acknowledges and agrees that: (1) the Company is not acting as a fiduciary or an advisor with respect to purchases made in accordance with this Agreement; (2) Bottler is capable of evaluating and understanding
(on its own behalf or through independent professional advice) the terms, conditions and risks associated with purchases made in accordance with this Agreement; and (3) Bottler has not received from the Company any assurance or guarantee as to the
price of commodities or other materials in the future or as to the expected results of any hedging transactions related to purchases made in accordance with this Agreement. Any forward-looking information provided to Bottler by Company is for
informational purposes only and the Company is not furnishing advice or making any recommendations with respect to pricing or hedging decisions related to this Agreement.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in;
margin-top:8pt;'><u><font size=2>Section 15</font></u><font size=2>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Entire Agreement</font></u><font size=2>.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font
size=2>This Agreement constitutes the entire understanding and agreement between the parties with respect to subject matter hereof and cancels and supersedes any prior negotiations, understandings and agreements, whether verbal or written, with
respect thereto.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><u><font size=2>Section 16</font></u><font size=2>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Waivers, Modifications, Amendments</font></u><font
size=2>.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>No waiver, modification or amendment of any provision of this Agreement will be valid or effective unless made in writing and signed by a duly
authorized representative of each party.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><u><font size=2>Section 17</font></u><font size=2>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Applicable
Law</font></u><font size=2>.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>The validity, interpretation and performance of this Agreement will be governed and construed in accordance with the laws of the
State of Georgia as though this Agreement were fully made and performed within the State of Georgia.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><u><font size=2>Section 18</font></u><font
size=2>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size=2>Assignment</font></u><font size=2>.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font size=2>This Agreement is deemed to be of a personal nature, and
Bottler may not assign or transfer this Agreement or any interest therein or undertake any transaction or series of transactions which would result in an effective transfer of this Agreement or any interest therein,</font></p> <p style='
margin-bottom:0pt; margin-top:0pt;'><font size=2>&nbsp;</font></p> <br><p style='margin-bottom:0pt;text-align:center'><font size=2>
6</font></p>
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  <p style=' margin-bottom:0pt; margin-top:8pt;'><font size=2>or sublicense or assign any rights or obligations hereunder, or delegate or subcontract performance hereof, in whole or in part, to any third party or
parties, without the prior, express, written consent of Company. For purposes of this Section 18, a change in ownership of 50% or more of the voting equity in Bottler will be deemed to be an assignment. Because this clause is considered a material
part of the bargain between the parties, any attempt to do so will be void and will, at Company&#146;s option, have the effect of terminating this Agreement.</font></p> <p style=' margin-bottom:0pt; text-indent:0.36in; margin-top:8pt;'><font
size=2>IN WITNESS WHEREOF, the parties to this Agreement have executed this Agreement by their duly authorized representatives as of the date first written above.</font></p> <p style=' margin-bottom:0pt; margin-top:0pt;'><font
size=2>&nbsp;</font></p>
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<td colspan=2 valign=bottom style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td width=46 valign=bottom style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td colspan=2 valign=bottom style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><font SIZE=2>THE COCA-COLA COMPANY</font><br> <font size=2>acting by and through its</font><br> <font SIZE=2>COCA-COLA NORTH AMERICA
DIVISION</font></p> </td> </tr>
<tr>
<td width=33 valign=top style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td width=44 valign=bottom style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td width=230 valign=bottom style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td width=46 valign=bottom style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td width=44 valign=bottom style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><font size=2>By:&nbsp;</font></p> </td>
<td width=228 valign=bottom style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><br> <font size=2>/s/ Illegible</font></p> </td> </tr>
<tr>
<td width=33 valign=top style='padding:0in 0in 0in 0in'> <p><font size=1>&nbsp;</font></p> </td>
<td width=44 valign=top style='padding:0in 0in 0in 0in'> <p><font size=1>&nbsp;</font></p> </td>
<td width=230 valign=top style='padding:0in 0in 0in 0in'> <p><font size=1>&nbsp;</font></p> </td>
<td width=46 valign=top style='padding:0in 0in 0in 0in'> <p><font size=1>&nbsp;</font></p> </td>
<td width=44 valign=top style='padding:0in 0in 0in 0in'> <p><font size=1>&nbsp;</font></p> </td>
<td valign=top style='padding:0in 0in 0in 0in'> <hr noshade width="100%" color="black" size=1> </td> </tr>
<tr>
<td width=33 valign=top style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td width=44 valign=top style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td width=230 valign=top style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td width=46 valign=top style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td width=44 valign=top style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><font size=2>Title:&nbsp;</font></p> </td>
<td width=228 valign=top style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><b><font size=1>VP Strategic Procurement</font></b></p> </td> </tr> </table> <p style=' margin-bottom:0pt; margin-top:0pt;'><font
size=2>&nbsp;</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 style='border-collapse:collapse; '>
<tr>
<td width=33 valign=bottom style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td colspan=2 valign=bottom style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td width=46 valign=bottom style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td colspan=2 valign=bottom style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><font SIZE=2>BOTTLER</font></p> </td> </tr>
<tr>
<td width=33 valign=top style='padding:0in 0in 0in 0in' height="39"> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td width=44 valign=bottom style='padding:0in 0in 0in 0in' height="39"> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td width=230 valign=bottom style='padding:0in 0in 0in 0in' height="39"> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td width=46 valign=bottom style='padding:0in 0in 0in 0in' height="39"> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td width=44 valign=bottom style='padding:0in 0in 0in 0in' height="39"> <p style='margin-bottom:0pt;margin-top:0in;'><font size=2>By:&nbsp;</font></p> </td>
<td width=228 valign=bottom style='padding:0in 0in 0in 0in' height="39"> <p style='margin-bottom:0pt;margin-top:0in;'><br> <font size=2>/s/ M<font size="1">ICHAEL</font> A. P<font size="1">ERKIS</font></font></p> </td> </tr>
<tr>
<td width=33 valign=top style='padding:0in 0in 0in 0in'> <p><font size=1>&nbsp;</font></p> </td>
<td width=44 valign=top style='padding:0in 0in 0in 0in'> <p><font size=1>&nbsp;</font></p> </td>
<td width=230 valign=top style='padding:0in 0in 0in 0in'> <p><font size=1>&nbsp;</font></p> </td>
<td width=46 valign=top style='padding:0in 0in 0in 0in'> <p><font size=1>&nbsp;</font></p> </td>
<td width=44 valign=top style='padding:0in 0in 0in 0in'> <p><font size=1>&nbsp;</font></p> </td>
<td valign=top style='padding:0in 0in 0in 0in'> <hr noshade width="100%" color="black" size=1> </td> </tr>
<tr>
<td width=33 valign=top style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td width=44 valign=top style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td width=230 valign=top style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td width=46 valign=top style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><font size=1>&nbsp;</font></p> </td>
<td width=44 valign=top style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><font size=2>Title:&nbsp;</font></p> </td>
<td width=228 valign=top style='padding:0in 0in 0in 0in'> <p style='margin-bottom:0pt;margin-top:0in;'><b><font size=1>Vice President / Materials Management</font></b></p> </td> </tr> </table> <br><p style='margin-bottom:0pt;text-align:center'><font
size=2> 7</font></p><br> <p style=' margin-bottom:0pt; margin-top:0pt;'>&nbsp;</p>
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