Exhibit 10.1

 

December 20, 2005

 

Coca-Cola Enterprises Inc.

P. O. Box 1778

Atlanta, Georgia 30301

 

Attn:

  Mr. William W. Douglas, III     Senior Vice President and Chief Financial
Officer     Re:    1999-2010 Cold Drink Equipment Purchase Partnership Program
(“Program”)

 

Dear Bill:

 

This letter agreement (“Agreement”) restates in its entirety and further amends:

 

that certain letter agreement dated January 23, 2002, as amended by letter
agreement dated August 9, 2004 (which letters were an amendment and restatement
of that certain letter agreement dated September 29, 2000, as amended and
restated by letter agreements dated December 22, 1998, July 7, 1999, and
June 21, 2000; the foregoing 2004, 2002, 2000, 1999 and 1998 agreements are
referred to herein as the “PriorAgreements”).

 

This Agreement sets forth the proposal of The Coca-Cola Company (“TCCC”) to
Coca-Cola Enterprises Inc. and each of its subsidiaries holding Coca-Cola
bottling contracts for the territories identified on Exhibit A hereto (“CCE”)
with respect to the above, which upon acceptance by CCE shall constitute our
agreement and understanding regarding the Program for the purpose of superseding
the Prior Agreements and all prior cold drink equipment programs between the
parties (“Prior CCE Programs”) identified on Exhibit B hereto, as well as all
prior cold drink equipment programs covering Coca-Cola territories acquired by
CCE since 1995 (“Acquired Programs”) identified on Exhibit C hereto. This
Program covers only the territories identified in Exhibit A hereto currently
served by CCE in the United States as of the date of this Agreement. In the
event that CCE acquires any other bottler, or acquires the bottling rights to
any additional territory not identified in Exhibit A hereto, this Program shall
not cover such territory and equipment purchased for placement in such territory
shall not be eligible for funding hereunder absent an amendment to this

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Agreement reflecting TCCC’s consent and adjustment of the Purchase Plan(s) set
forth herein. TCCC and CCE will execute such an amendment to include the cold
drink equipment purchases in an acquired territory under this Program, however,
if the parties mutually agree that cold drink equipment purchases in an acquired
territory increase cold drink penetration.

 

Confidentiality:

 

The terms and conditions of this Agreement are acknowledged by TCCC and CCE to
be strictly confidential, and the parties agree not to share the contents hereof
with any other party without the express written consent of the other party,
except to the extent required by law.

 

Term:

 

Except as otherwise provided herein, the term of this Agreement is twelve
(12) years, beginning as of January 1, 1999 and ending December 31, 2010
(“Term”). If CCE is required to perform any obligations of the Program after the
end of the twelve-year Term, such obligations of CCE shall remain in effect
beyond the twelve-year Term.

 

Annual Plan:

 

  •   CCE agrees to commit to an annual development program (“Annual Plan”)
developed jointly with TCCC which includes: quarterly purchases and placement of
new Venders and Manual Equipment; agreed upon minimum purchase schedules for
Venders and Manual Equipment; and a “Flavor Set Standard” during each of the
twelve years. CCE further agrees to commit to and adhere to, as part of the
Annual Plan, local placement targets for the placement of Venders and Manual
Equipment in specified local geographies within the territories identified in
Exhibit A hereto. The Annual Plan will be developed each calendar year in
conjunction with the annual business plan. If the parties mutually agree to an
Annual Plan for any of 2006-2010 that modifies the mix of Annual Venders and
Annual Manual Equipment units of the Purchase Plan attached as Exhibit D, the
mutually agreed mix in the Annual Plan will be used in lieu of the mix contained
in the Purchase Plan and will be deemed to be the Purchase Plan for the
remainder of the Term (unless further modified by mutual agreement of the
parties, and any subsequent mutually agreed Annual Plan modifications will be
deemed to be the Purchase Plan for the remainder of the Term). If the parties
are unable to reach agreement on an Annual Plan for any of 2006-2010, the
Purchase Plan last mutually agreed to by the parties will continue to apply. The
Annual Plan may be subsequently modified as agreed by the parties based on
market place developments during the course of the year, mutual assessment and
agreement relative to the continuing availability of profitable placement
opportunities and

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continuing participation in the annual CCE/CCNA market planning process. Any
mutual agreement of the parties to modify the Purchase Plan will be memorialized
in a letter signed by both parties.

 

Effective January 1, 2005, in any year that Coca-Cola Bottling Company purchases
and places in Canada any Venders, Glass Front Venders, Intelligent Vender Kits,
Next Generation Venders, Manual units or Energy Coolers (all as described below)
in excess of the requirements of the Purchase Plan applicable to Coca-Cola
Bottling Company under its letter agreement with Coca-Cola Ltd. dated
December 20, 2005, then any excess units for any specific type of equipment may
be credited to CCE under this Agreement in determining whether CCE has met the
annual credit requirements for each specific type of equipment under this
Agreement (e.g., Glass Front Venders for Glass Front Venders, Energy Coolers for
Energy Coolers, etc.) for that same year.

 

Purchase Plan:

 

  •   CCE agrees to purchase and place Cold Drink Equipment totaling 1,206,534
cumulative credits over the twelve (12) year period 1999-2010, as provided on
Exhibit D (the “Purchase Plan”), in the CCE territories identified in Exhibit A
hereto. The territory descriptions set forth in Exhibit A shall be controlling
for purposes of this Program, regardless of any subsequent CCE division
realignment, and placements made outside of the territories described in Exhibit
A shall not qualify for TCCC Support Funding set forth below. In computing the
number of Vender credits or Manual credits, a single cold drink vender unit or
single Manual unit shall count as one (1) credit, except where alternative
credits are provided in this Agreement (the “Alternative Credits”).

 

  •   Effective January 1, 2005, failure to adhere to the minimum purchase and
placement requirements for either Venders or Manual Equipment credits in any one
year shall not be deemed to be a violation of this Agreement so long as (1) the
cumulative equipment purchase credits for that year meet at least 80% of the
minimum Annual Total Purchase Plan credit requirements for that year as set
forth in the Purchase Plan attached to this Agreement as Exhibit D (or as may be
modified per the Annual Plan process), (2) within 30 days following the end of
the calendar year in which a shortfall occurs, CCE pays to TCCC an amount
calculated by multiplying $*** times the number of credits by which CCE failed
to meet the requirements of the Purchase Plan, (3) CCE’s purchases of Venders
and Manual Equipment credits for the following calendar year remedy the
shortfall from the prior year for the specific number of Venders, Glass Front
Venders, Intelligent Venders Kits, Next Generation Venders, Manual Equipment and
Energy Coolers by which CCE was below the

 

* * * Material has been omitted pursuant to a request for confidential treatment
and filed separately with the SEC.

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Purchase Plan in the prior year (in addition to meeting the Purchase Plan
requirements for such following calendar year, except as purchases are permitted
to be deferred as set forth in this paragraph), and (4) CCE meets its Annual
Total credit and Cumulative Purchase Plan credit requirements as of the end of
Year 12 (2010), as set forth in the Purchase Plan attached to this Agreement as
Exhibit D (or as may be modified per the Annual Plan process). Beginning
January 1, 2005, in determining whether CCE has met the Purchase Plan credit
requirements, the Alternative Credits described in this Agreement will be
incorporated in such calculations.

 

  •   CCE agrees that only TCCC-authorized Cold Drink Equipment approved for
program coverage will be eligible under this Program.

 

  •   Incremental purchases in any category (Venders, Glass Front Venders,
Intelligent Vender Kits, Next Generation Venders, Manual Equipment or Energy
Coolers)) may be used to offset shortfalls in that same category (e.g., Glass
Front Venders for Glass Front Venders, Energy Coolers for Energy Coolers, etc.)
in any subsequent year.

 

  •   In the event CCE purchases and places TCCC-authorized glass front venders
(“GFVs”), TCCC agrees that each GFV unit will be equivalent to 2 Vender credits
to be applied towards CCE’s minimum Purchase Plan requirements under the Program
(this 2:1 credit for GFVs is an “Alternative Credit” under the Agreement).

 

  •   Effective January 1, 2005, in the event CCE purchases and installs on
Venders TCCC-authorized Intelligent Vender Kits that provide credit card
capability, electronic data gathering capability and electronic locks for the
Vender, TCCC agrees that, for 2005 and 2006, six (6) such Intelligent Vender
Kits will be equivalent to one (1) Vender credit to be applied toward CCE’s
minimum Purchase Plan requirements under the Program (this 1:6 credit for
Intelligent Vender Kits is an “Alternative Credit” under this Agreement). TCCC
and CCE agree that the impact of the Intelligent Vender Kits will increase
average Vender throughput. At the end of 2006 and at the end of each of the
remaining years of the Term, as part of the annual business planning process,
CCE and TCCC will attempt to mutually agree whether the substitution ratio for
Intelligent Vender Kits should be revised for the remainder of the Term, and, if
the parties agree that the ratio should be changed, the parties will mutually
agree upon the revised substitution ratio to be used for the remainder of the
Term. If the parties are unable to mutually agree by the end of the annual
business planning session upon the substitution ratio for Intelligent Vender
Kits to be used for the remainder of the Term, then six (6) Intelligent Vender
Kits will continue to be counted as one (1) Vender unit to be applied toward
CCE’s minimum Purchase Plan credit requirements under the Program.

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  •   Effective January 1, 2005, in the event CCE purchases and places “Energy
Coolers,” TCCC agrees that each Energy Cooler will be equivalent to *** Manual
credits to be applied towards CCE’s minimum Annual Manual credit requirement
(this *** credit for Energy Coolers is an “Alternative Credit” under the
Agreement). For purposes of this Agreement, an “Energy Cooler” will be one that
dispenses primarily one or more of: (1) the following beverage products: Full
Throttle (diet and regular); Full Throttle Fury (diet and regular); Coke Blak;
Tab Energy; Powerade Advance; Rock Star (diet and regular); Von Dutch (diet and
regular), and any other products under trademarks owned by or licensed to TCCC
or products for which distribution rights have been granted to TCCC which the
parties may mutually agree in writing are “energy” drinks; (2) any beverages
that are brand or line extensions of the foregoing; and (3) any other beverage
brand owned by or licensed to TCCC that is characterized as an “energy” drink.

 

TCCC and CCE agree that TCCC’s average gross profit from Energy Coolers as
calculated by TCCC as of the date this Agreement is signed by both parties (the
“Expected Gross Profit”) is greater than that of the average gross profit of
other Manual Equipment. At the end of 2006 and at the end of each of the
remaining years of the Term, as part of the annual business planning process, if
TCCC’s actual average gross profit (average weekly throughput times average
gross profit per case) from the Energy Coolers is 20% or more below the Expected
Gross Profit, then, in order to offset the financial impact of this difference,
the Alternative Credit to be used for Energy Coolers for the next calendar year
and the remainder of the Term will be adjusted downward and the parties will
agree on a new mix of Venders, Manual Equipment and Energy Coolers required to
offset the financial impact of the above-referenced difference. If TCCC’s
average gross profit is 20% or more above the Expected Gross Profit, then the
parties will mutually agree how to best utilize the excess profit of TCCC and
CCE.

 

  •   Effective January 1, 2005, in the event CCE purchases and places
TCCC-authorized Next Generation Venders, which are new venders that are built to
include an improved consumer interface, improved equipment reliability,
increased brand/package flexibility, credit card capability, an electronic lock
system and electronic data gathering capability, TCCC agrees that each such Next
Generation Vender unit will be equivalent to 1.5 Vender credits to be applied
toward CCE’s minimum Purchase Plan requirements under the Program (this 1.5:1
credit for Next Generation Venders is an “Alternative Credit” under the
Agreement).

 

* * * Material has been omitted pursuant to a request for confidential treatment
and filed separately with the SEC.

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TCCC Support Funding:

 

  •   For the period 1999-2001, TCCC will provide aggregate financial support to
CCE of $509,648,226 (“Base Funding”) based upon CCE’s purchases of Venders and
Manual Equipment which are placed in the CCE territories identified in Exhibit A
hereto in accordance with the Purchase Plan set forth in Exhibit D to assist CCE
in the construction of an infrastructure to support the increased rate of cold
drink equipment placement. The Base Funding will be paid quarterly at the rates
set forth in Exhibit E to CCE quarterly in arrears for any quarter in which both
Vender and Cumulative Equipment purchases are in compliance with the Annual Plan
on a cumulative basis and CCE is otherwise in compliance with this Agreement in
all respects.

 

  •   In addition to the foregoing, in 1999, 2000, and 2001, TCCC will provide
additional financial support to CCE based on excess purchases of Venders or
Manual Equipment if cumulative combined purchases of Venders and Manual
Equipment by CCE for placement in the CCE territories identified in Exhibit A
hereto are in excess of the cumulative Purchase Plan and CCE is otherwise in
compliance with the requirements of the Program (“Incremental Funding”). Such
Incremental Funding shall be paid annually in arrears, unless the parties agree
that such funding may be advanced based on purchases in excess of the Purchase
Plan in any quarter, and shall be calculated in accordance with mutually
agreed-to criteria.

 

  •   In view of the fact that fewer units of cold drink equipment will be
purchased and placed in the U.S. Territories in 2004 and 2005 than originally
planned, and for the fact that half of the purchases and placements originally
planned for 2004 and 2005 will now occur in 2009 and 2010, CCE agrees to pay
TCCC a total of $13,000,000 as follows: $1,300,000 annually in years 2004 and
2009, and $2,600,000 annually in years 2005 through and including 2008.
Provided, however, that if CCE shall have satisfied its purchase and placement
commitments prior to 2010, CCE shall have no obligation to make a payment
hereunder for any year following the year in which the commitments were fully
satisfied.

 

Payment and Administration of TCCC Support Funding:

 

  •   In the event of any dispute over the number of units of equipment shipped
to CCE during the calendar quarter, the disputing party may ask the appropriate
manufacturer to provide information to TCCC concerning the number of units
shipped. Upon receipt of any such revised information from a manufacturer, TCCC
may request additional support information from CCE in the form of, among other
items, invoices or shipping documents. With respect to any inaccuracies
regarding

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the number of units shipped to CCE, TCCC shall make adjustments, if any, in the
TCCC Support Funding based upon all the information provided to it in accordance
with this subparagraph.

 

  •   If CCE fails to meet the minimum cumulative credit requirements of the
Purchase Plan (cumulative purchases less equipment on which Incremental Funding
was paid and is not refunded as set forth above) for any calendar year, TCCC and
CCE will meet to mutually develop a reasonable solution/alternative based on
market place developments, mutual assessment and agreement relative to the
continuing availability of profitable placement opportunities and continuing
participation in the CCE/CCNA market planning process. In the event that no
mutually agreeable solution is developed and cumulative purchases by CCE through
the first quarter of the following calendar year do not remedy any such
shortfall (in addition to meeting the pro rata portion of the Purchase Plan
requirement for that quarter), or in the event that CCE otherwise breaches any
material obligation set forth in this Agreement and such breach is not remedied
within ninety (90) days of notice of such breach, then this Agreement will
terminate and CCE will pay to TCCC all TCCC Support Funding paid by TCCC for
this Program to date (including both Base and Incremental Funding), as well as
all TCCC Support Funding paid by TCCC to CCE in Prior CCE Programs identified on
Exhibit B hereto, as well as all funding paid by TCCC pursuant to the terms and
conditions of the Acquired Programs identified on Exhibit C hereto, plus
interest at the rate of one percent (1%) per month from the date such TCCC
Support Funding was paid, or such lesser amount as may be permitted by law;
provided, however, that in the event this Program or the Prior CCE Programs or
the Acquired Programs have been partially performed by CCE or its predecessors,
such repayment obligation shall be reduced to such amount (if less) as TCCC
shall reasonably determine will be adequate to deliver the financial returns
that would have been received by TCCC had all equipment placement commitments in
such programs been fully performed and throughputs reasonably anticipated by
TCCC achieved; and provided further, that in the event at the time of such
termination CCE has fully performed all of the obligations set forth in any
Prior CCE Program or any Acquired Program, then no TCCC Support Funding paid
under such Prior CCE Program or Acquired Program shall be included in
determining CCE’s repayment obligation hereunder. CCE and TCCC agree that any
failure of performance by CCE under this section shall be excused to the extent,
and during any period of time, that such failure is caused by an Act of God,
fire, strikes, war, riot, insurrection, boycott, acts of public authorities,
delays or defaults caused by public carriers, inability of manufacturers to
produce or sell cold drink equipment or other cause, whether similar or
dissimilar, beyond the reasonable control of CCE.

 

  •   Effective January 1, 2005, all Equipment purchased pursuant to this
Agreement, which includes Venders, GFVs, Intelligent Vender Kits, Next
Generation Venders,

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Manual Equipment and Energy Coolers, must be placed (or, in the case of
Intelligent Vender Kits, installed on Venders that have been placed) in the year
of purchase or on a timely basis within sixty (60) days following such purchase
in order to qualify for TCCC Support Funding hereunder and to be considered for
purposes of compliance with minimum Purchase Plan requirements.

 

Additional Performance Criteria:

 

  •   CCE agrees to place and keep each unit of cold drink equipment acquired by
CCE in connection with the Program (other than Energy Coolers and Intelligent
Vender Kits) in place at customer locations as specified in the Annual Plan(s),
as well as any existing cold drink equipment currently on location, for a period
of at least twelve (12) years from date of placement, unless such equipment is
rendered inoperable and cannot be reasonably repaired as the result of
mechanical or other similar difficulties, and unless such equipment is
temporarily located in refurbishment centers or warehouses pending renewed
placement in the ordinary course of business.

 

  •   Effective January 1, 2005, CCE agrees that Energy Coolers acquired in
connection with the Program will remain in place at customer locations for at
least twelve (12) years from date of placement. If such equipment is rendered
inoperable and cannot be reasonably repaired as the result of mechanical or
other similar difficulties, CCE shall purchase replacement Energy Coolers to
replace the inoperable unit for the remainder of its twelve (12) years, and such
replacement coolers will not count toward satisfying the purchase requirements
of this Agreement.

 

  •   Effective January 1, 2005, CCE agrees that if an Intelligent Vender Kit
acquired by CCE in connection with the Program is installed on a Vender, an
Intelligent Vender Kit must be kept on the Vender for the Vender’s remaining
years of useful life.

 

  •   During the Program Term, any cold drink equipment which is refurbished by
CCE will be refurbished with the trademarks of TCCC, with the exception of
presently existing contractually required refurbishments using other trademarks
or mutually agreed upon special market conditions.

 

  •   CCE agrees that a minimum of ***% of CCE’s total inventory of Venders
(including GFVs, Venders with Intelligent Vender Kits and Next Generation
Venders) and Manual Equipment (including Energy Coolers) will be identified only
by the trademarks of TCCC.

 

  •   The parties acknowledge and agree that one of the primary objectives of
this Agreement is to increase the total number of units of Venders and Manual

 

* * * Material has been omitted pursuant to a request for confidential treatment
and filed separately with the SEC.

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Equipment on location in the CCE territories identified in Exhibit A hereto.
Accordingly, effective January 1, 2005, CCE agrees to provide TCCC with annual
reports by January 15 of each year (current as of December 31 of the prior year)
certifying (1) the number of Venders, GFVs, Intelligent Vender Kits, Next
Generation Venders, Manual Equipment and Energy Coolers funded under this
Agreement which were actually placed at customer locations (or, in the case of
Intelligent Vender Kits, installed on Venders that are placed at customer
locations) in the CCE territories identified in Exhibit A hereto during the
preceding year, and (2) the total number of Venders, GFV’s, Intelligent Vender
Kits, Next Generation Venders, Manual Equipment and Energy Coolers (including
units in existing inventory and units not funded under this Agreement) actually
at customer locations at the conclusion of such year.

 

  •   CCE agrees not to sell any new, used or refurbished cold drink equipment
funded under this Agreement with any remaining useful life to any third party
during the Term of this Agreement without TCCC’s express written consent.

 

  •   CCE also agrees that it will establish, maintain and publish for its
employees a “Flavor Set Standard” which contains the following minimum average
requirements for all Venders, GFVs, Venders with Intelligent Vender Kits, Next
Generation Venders, Manual Equipment and Energy Coolers owned by CCE, including
the Program Equipment (unless such requirements are legally prohibited): (i) on
average all slots except *** in Venders, GFVs, Venders with Intelligent Vender
Kits, and Next Generation Venders will dispense only products marketed under
trademarks owned by or licensed to TCCC or products for which distribution
rights have been granted to TCCC and (ii) on average, *** percent (***) of the
inventory in any units of Manual Equipment and Energy Coolers will be products
marketed under trademarks owned by or licensed to TCCC or products for which
distribution rights have been granted to TCCC. The Flavor Set Standard will
specify which of the products will be sold in Fast Lane Merchandisers. It is
understood by CCE and TCCC that the Flavor Set Standard will apply, on average,
to all bottle or can equipment owned by CCE, whether acquired under the Program
or otherwise. CCE and TCCC shall review the specific terms of the Flavor Set
Standard on an annual basis. Following such review, TCCC shall confirm in
writing the terms of the Flavor Set Standard for the applicable calendar year.

 

  •   To the extent that products other than those (i) marketed under trademarks
owned by or licensed to TCCC or (ii) for which distribution rights have been
granted to TCCC (“Competitive Products”) are dispensed in Venders or Manual
Equipment purchased in connection with the TCCC Support Funding, CCE will make a
Fair Share payment to TCCC. The Fair Share payment will be calculated and paid
annually based on the availability of Competitive Products in cold drink
equipment purchased

 

* * * Material has been omitted pursuant to a request for confidential treatment
and filed separately with the SEC.

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by CCE under the Program in that year. Such payment shall be calculated in the
following manner:

 

1. As of December 31 of each year throughout the Term, CCE will provide TCCC
with the weighted average of the number of units and the percentage of
Competitive Products in equipment purchased in that year and funded by TCCC
under this Program. Such percentage shall be provided during the certification
process set forth above and, as set forth above, back-up and support for such
calculation shall be provided to TCCC upon request.

 

2. Such percentage shall then be multiplied by the total TCCC Support Funding
due to CCE for such year to calculate the Fair Share payment.

 

3. Provided that CCE has engaged in mutually agreed to activities designed to
develop infrastructure necessary to support increased cold drink placement
(e.g., hiring additional operating or managerial personnel, expansion of
systems, purchase of service vehicles, etc.), TCCC agrees to reinvest the amount
of such Fair Share payment to support such infrastructure activities. If such
activities have not taken place, the Fair Share payment shall be deducted from
any annual or fourth quarter TCCC Support Funding due to CCE. In the event such
payment exceeds any amount then due and owing to CCE under the Program, the
excess shall be paid to TCCC within ten (10) days of delivery to CCE of the
calculation set forth above.

 

  •   CCE acknowledges and agrees that all of the TCCC Support Funding set forth
herein is offered and will be paid by TCCC based on the expectation that CCE
will remain in compliance with all of its bottling agreements pertaining to TCCC
products. In the event that CCE materially breaches any of such bottling
agreements during the Term, or attempts to terminate such agreements absent
breach by TCCC as defined therein, TCCC shall have the right to treat such
action as a breach of this Program, including the right to terminate this
Program in all respects and to recover all sums set forth above.

 

Reporting Requirements:

 

  •   CCE acknowledges that TCCC is providing the TCCC Support Funding in order
to generate incremental sales of TCCC products. For each of the twelve
(12) years following the purchase of equipment under this or any prior Equipment
Purchase Partnership program, CCE will certify annually by January 15 of each
year (current as of December 31 of the prior year) that for the prior twelve
(12) months such equipment (except Energy Coolers, for which the reporting
process is described below) has generated on average a minimum volume of 3.9
unit cases (288 ounce equivalents) of TCCC products per Alternative Credit per
week. Beginning

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January 1, 2005, however, as Intelligent Vender Kits are purchased in
substitution for Venders, as described above in the “Purchase Plan” section, the
minimum average throughput requirement for each calendar year will be increased
by TCCC to reflect the increased throughput generated by the Intelligent Vender
Kits. In addition, CCE, to the best of its ability, will separately report the
average volume throughput for venders equipped with Intelligent Vender Kits. In
order to make this certification, CCE may rely solely on its current tracking
systems to determine the average volume per unit of the equipment. In addition,
CCE will utilize its current placement procedure to determine when equipment is
not generating sufficient volume, and CCE will relocate any equipment that is
not generating sufficient volume. Further, CCE will sample a representative
number of units each year to verify the appropriate volume levels. If there is
an inconsistency between CCE’s tracking results and the representative sample of
units, CCE and TCCC will meet to discuss any such inconsistency.

 

  •   During 2006, CCE agrees to develop a mutually agreeable method of
measuring average throughput of brands (by package) for Energy Coolers. This
throughput will be reported to TCCC during each annual business planning process
and used in the calculations described above in the 7th bullet point of the
“Purchase Plan” section.

 

  •   TCCC reserves the right to audit CCE records regarding the equipment
supported under this Program.

 

Other Terms:

 

  •   No agreement will be effective to amend this Agreement unless such
agreement is in writing and signed by the party to be charged thereby.

 

  •   This Agreement will be governed by the laws of the State of Georgia.

 

  •   This Program is not available in a state in which the terms described
herein are prohibited.

 

  •   Except as stated above, as of January 1, 1999, this Agreement supersedes
all similar prior agreements between the parties concerning the placement and
funding of cold drink equipment, in the Coca-Cola bottling territories
identified in Exhibit A hereto, including but not limited to the Prior
Agreements, Prior CCE Programs identified on Exhibit B hereto and the Acquired
Programs identified on Exhibit C hereto, as well as any and all claims by either
party arising from such prior agreements, excepting only claims for recovery of
any funding due and owing to CCE or its predecessors for performance prior to
the effective date of this Agreement.

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  •   Each party represents that the person whose signature appears below has
the authority necessary to execute this Agreement on behalf of the party
indicated.

 

  •   This Agreement is not intended to modify or amend the terms or provisions
of any license or distribution agreements in effect between TCCC and CCE.

 

  •   TCCC and CCE agree that this Agreement may be executed in counterparts and
if so executed in counterparts, will be enforceable and effective upon the
exchange of executed counterparts or the exchange of facsimile transmissions of
the executed counterparts.

 

  •   TCCC and CCE each expressly acknowledge that this letter agreement was
negotiated at arms length, is valid and enforceable according to its terms, and
is supported by adequate consideration.

 

  •   This Agreement shall be executed simultaneously with the letter agreement
dated December 20, 2005 between Coca-Cola Ltd. and Coca-Cola Bottling Company.

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If this accurately reflects our agreement and understanding, please sign where
indicated below and return a signed copy to me.

 

Sincerely,

THE COCA-COLA COMPANY

Coca-Cola North America Division

By:

 

/s/ Gary P. Fayard

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

   

Gary P. Fayard

   

Executive Vice President

and Chief Financial Officer

Accepted and Agreed to by

COCA-COLA ENTERPRISES INC.

By:

 

/s/ William W. Douglas, III

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

   

William W. Douglas, III

   

Senior Vice President

   

and Chief Financial Officer

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

Exhibit A

 

(CCE Territories)

 

Material has been omitted pursuant to a request for confidential treatment and
filed separately with the SEC***

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Page 16

 

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

Exhibit B

 

Prior CCE Programs

 

1. Cold Drink Equipment Purchase Partnership Program dated effective January 1,
1994;

 

2. CCE Jumpstart Fair Share Agreement dated effective January 1, 1994;

 

3. 1996-2000 Cold Drink Equipment Purchase Partnership Program dated effective
January 1, 1996;

 

4. Amendment to 1996-2000 Cold Drink Equipment Purchase Partnership Program to
reflect the acquisition by CCE of the geography formerly served by the
Biedenharn ownership group dated effective January 1, 1996;

 

5. 1997-2001 “Dallas Project” Cold Drink Equipment Purchase Partnership Program
dated effective January 1, 1997;

 

6. First Amendment to 1997-2001 “Dallas Project” Cold Drink Equipment Purchase
Partnership Program to incorporate Tier Three (“Gulfstream”) Divisions dated
effective January 1, 1998; and

 

7. Second Amendment to 1997-2001 “Dallas Project” Cold Drink Equipment Purchase
Partnership Program to incorporate the geographies served by KONY and Hoffman
ownerships dated effective January 1, 1998.

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

Exhibit C

 

Acquired Programs

 

1. Cold Drink Equipment Purchase Partnership Program dated effective January 1,
1995 between The Coca-Cola Company and Coca-Cola Bottling Company West, Inc. and
as amended by letter agreement dated July 25, 1995.

 

2. Cold Drink Equipment Purchase Partnership Program dated effective January 1,
1994 between The Coca-Cola Company and The Coca-Cola Bottling Company of New
York, Inc. and/or its subsidiaries and Amendment to Cold Drink Equipment
Purchase Partnership Program dated February 10, 1997.

 

3. Cold Drink Equipment Purchase Partnership Program dated December 8, 1995
(effective January 1, 1996) between The Coca-Cola Company and Southwest
Coca-Cola Bottling Company, Inc., Coca-Cola Bottling Company of the Southwest,
Alva Coca-Cola Bottling Company, Inc., and Woodward Coca-Cola Bottling Company,
and as amended by letter agreement dated December 8, 1995.

 

4. Cold Drink Equipment Purchase Partnership Program dated effective January 1,
1994 between The Coca-Cola Company and Cameron Coca-Cola Bottling Company, Inc.

 

5. Cold Drink Equipment Purchase Partnership Program dated effective January 1,
1997 between The Coca-Cola Company and Sulphur Springs Coca-Cola Bottling
Company.

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

Exhibit D

Purchase Plan

 

Material has been omitted pursuant to a request for confidential treatment and

filed separately with the SEC***

 

     Annual
Venders

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

  

Annual

GF
Venders

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

   Annual
Vender
Credits

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

   Annual
Manual

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

   Annual
Energy
Coolers

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

   Annual
Manual
Credits

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

   Total
Annual
Credits

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

   Cumulative
Credits

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

1998

   ***    ***    ***    ***    ***    ***    ***    ***

1999

   ***    ***    ***    ***    ***    ***    ***    ***

2000

   ***    ***    ***    ***    ***    ***    ***    ***

2001

   ***    ***    ***    ***    ***    ***    ***    ***

2002

   ***    ***    ***    ***    ***    ***    ***    ***

2003

   ***    ***    ***    ***    ***    ***    ***    ***

2004

   ***    ***    ***    ***    ***    ***    ***    ***

2005

   ***    ***    ***    ***    ***    ***    ***    ***

2006

   ***    ***    ***    ***    ***    ***    ***    ***

2007

   ***    ***    ***    ***    ***    ***    ***    ***

2008

   ***    ***    ***    ***    ***    ***    ***    ***

2009

   ***    ***    ***    ***    ***    ***    ***    ***

2010

   ***    ***    ***    ***    ***    ***    ***    1,206,534

 

Where applicable, “credits” reflect “Alternative Credits” as provided in the
Agreement.

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

Exhibit E

 

Base Funding

 

Base Funding shall be paid in 1999 at the rate of $44,641,079 per quarter. Base
Funding shall be paid in 2000 at the rate of $31,000,000 in the first quarter of
2000; $30,783,910 in the second quarter of 2000; $61,000,000 in the third
quarter of 2000; and $51,000,000 in the fourth quarter of 2000. Base Funding
shall be paid in 2001 at the rate of $39,325,000 per quarter.