Exhibit 10.5

 

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETED
ASTERISKS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF
1934, AS AMENDED.

 

FIFTH AMENDMENT TO COMPREHENSIVE BEVERAGE AGREEMENT

 

This Fifth Amendment to Comprehensive Beverage Agreement (this “Amendment”) is
entered into on August 20, 2018 (the “Effective Date”), by and between
The Coca‑Cola Company, a Delaware corporation (“Company”), Coca-Cola
Refreshments USA, Inc., a Delaware corporation and a wholly owned subsidiary of
Company (“CCR”), and Coca‑Cola Bottling Co. Consolidated, a Delaware corporation
(“Bottler”). Capitalized terms used but not otherwise defined herein shall have
the respective meanings ascribed thereto in the CBA (as hereinafter defined).

RECITALS

 

WHEREAS, Company, CCR and Bottler are parties to that certain Comprehensive
Beverage Agreement Form EPB First-Line and Sub-Bottling (as amended hereby and
from time to time hereafter, the “CBA”), having an effective date of March 31,
2017, as amended April 28, 2017, October 2, 2017, December 26, 2017 and April
30, 2018; and

WHEREAS, Company, CCR and Bottler now wish to amend the CBA as set forth herein.

NOW, THEREFORE, in consideration of these promises and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

1.Company, CCR and Bottler hereby amend Schedule 3.2 (Sub-Bottling Payments) to
the CBA by deleting subparagraph (d) of the second paragraph of such Schedule in
its entirety and replacing it with the following:

(d)the amount of the Sub-Bottling Payment for the Memphis Subterritory
identified on Exhibit C-2 will be calculated for each Bottler fiscal quarter by
(i) multiplying Bottler’s Sub-Bottling Gross Profit in such Subterritory for
such fiscal quarter by the [***] set forth in Schedule 3.2.1-C corresponding to
the [***]

2.Company, CCR and Bottler hereby further amend the CBA by deleting
Schedule 3.2.1-C to the CBA in its entirety and replacing it with the new
Schedule 3.2.1-C attached hereto as Attachment A.

3.Other than as expressly amended by this Amendment, the CBA will continue in
effect in accordance with its terms.

4.This Amendment shall be governed by and construed in accordance with the laws
of the State of Georgia, without regard to principles of conflict of laws.

5.This Amendment may be signed in counterparts, which together shall constitute
one agreement.

[Signature Page Follows]

 

[***] – THIS CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH
THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL
TREATMENT.

--------------------------------------------------------------------------------

 

IN WITNESS WHEREOF, the parties hereto have executed this Amendment by their
duly authorized representatives as of the date first written above.

 

 

 

THE COCA-COLA COMPANY

 

 

 

 

 

 

 

 

 

By:

 

/s/ James Dinkins

 

Name:

 

James Dinkins

 

Title:

 

Senior Vice President, The Coca-Cola Company and

 

 

 

Authorized Signatory of Coca-Cola Refreshments

 

 

 

USA, Inc.

 

 

 

 

 

 

 

 

 

COCA-COLA REFRESHMENTS USA, INC.

 

 

 

 

 

 

 

 

 

By:

 

/s/ James Dinkins

 

Name:

 

James Dinkins

 

Title:

 

Senior Vice President, The Coca-Cola Company and

 

 

 

Authorized Signatory of Coca-Cola Refreshments

 

 

 

USA, Inc.

 

 

 

 

 

 

 

 

 

COCA-COLA BOTTLING CO. CONSOLIDATED

 

 

 

 

 

 

 

 

 

By:

 

/s/ E. Beauregarde Fisher III

 

Name:

 

E. Beauregarde Fisher III

 

Title:

 

Executive Vice President and General Counsel

 

 

 

 

 

 

 

 

 

 

Signature Page to Amendment to Comprehensive Beverage Agreement

--------------------------------------------------------------------------------

ATTACHMENT A

 

SCHEDULE 3.2.1-C

 

Memphis Subterritory Sub-Bottling Payment Schedule

 

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Attachment A-1

 

[***] – THIS CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH
THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL
TREATMENT.

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Attachment A-2

 

[***] – THIS CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH
THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL
TREATMENT.

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Attachment A-3

 

[***] – THIS CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH
THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL
TREATMENT.

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Attachment A-4

 

[***] – THIS CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH
THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL
TREATMENT.

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Attachment A-5

 

[***] – THIS CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH
THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL
TREATMENT.

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Attachment A-6

 

[***] – THIS CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH
THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL
TREATMENT.

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Attachment A-7

 

[***] – THIS CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH
THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL
TREATMENT.