EX-10.3



 Exhibit 10.3 

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. 
 EXECUTION VERSION 

AMENDMENT NO. 1 TO LIMITED LIABILITY COMPANY AGREEMENT OF 

CONA SERVICES LLC 

This AMENDMENT NO. 1 TO LIMITED LIABILITY COMPANY AGREEMENT OF CONA SERVICES LLC (this “Amendment”), is entered into this 6th day of April, 2016 by each Person listed on the signature page hereto (individually, a “Party” and collectively, the “Parties”) and made effective as of
April 2, 2016. 
 BACKGROUND 

The Parties are parties to that certain Limited Liability Company Agreement of CONA Services LLC (the “Company”), dated as of
January 27, 2016 (the “LLC Agreement”). 
 The Company is entering into an asset purchase agreement with Coca-Cola
Refreshments USA, Inc., dated as of the date hereof (the “Asset Purchase Agreement”), under the terms of which the Company will deliver the CCR Note. 

The Parties have agreed to amend the LLC Agreement to provide that the Company will not be liquidated or dissolved prior to April 1, 2026
without the prior express written consent of the TCCC Member, unless the CCR Note has been repaid in full prior to that date, and to make the other changes to the LLC Agreement set forth below. 

All capitalized terms used but not defined in this Amendment have the meanings given to such terms in the LLC Agreement. 

In consideration of the premises and the mutual covenants contained in this Amendment, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the LLC Agreement is amended as follows: 
 1. [***].
Section 3.2(c) of the LLC Agreement is hereby deleted and replaced in its entirety with the following: 
 (c)
[***]. 
 2. [***]. A new sentence is hereby added to the end of Section 6.2(g) of the LLC Agreement as follows: 

Notwithstanding the foregoing, the Director designated by [***] 

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








 [***]. 

3. Dissolution. Section 10.1(a) of the LLC Agreement is hereby deleted and replaced in its entirety with the following: 

(a) the affirmative approval of all of the Directors (provided, however, that if at such time CCR no longer has
the right to designate a Director, the Company may not be dissolved prior to April 1, 2026 without the prior express written consent of the TCCC Member, in its sole discretion, unless the CCR Note has been repaid in full or otherwise
cancelled).” 
 4. Transfers of Territory by CCR to Certain Third Parties. A new Section 11.5 is hereby added to the LLC Agreement as
follows: 
 11.5 Transfers of Territory by CCR to Certain Third Parties. If, pursuant to any transaction occurring after the
effective date of the CONA Purchase Agreement, CCR grants to any major bottler of Coca-Cola products [***], or any new entrant that will become a major bottler of Coca-Cola products, that operates within North America (other than any Member)
rights to (i) manufacture, produce and package, or (ii) market, promote, distribute and sell Coca-Cola products, CCR shall require such bottler or new entrant, as applicable, to implement in such bottler’s operations the CokeOne North
America (CONA) information technology platform and enter into a Master Services Agreement with CONA on terms consistent with the provisions of Section 11.4 and will require that the transferee become a Member. [***]. 

5. [***]. A new Section 11.6 is hereby added to the LLC Agreement as follows: 

11.6 [***]. 
 6. No Other
Modifications. Except as expressly set forth in this Amendment, the LLC Agreement shall remain in full force and effect with no further modifications. 

7. Entire Agreement. This Amendment embodies the complete agreement and understanding among the Parties with respect to the subject matter hereof, and
supersedes and preempts any prior understandings, agreements or representations by or among the Parties, written or oral, that may have related to the subject matter hereof in any way. 

8. Counterparts. This Amendment may be executed simultaneously in two (2) or more separate counterparts, any one (1) of which need not
contain the signatures of more than one party, but each of 

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








 
which shall be an original and all of which together shall constitute one and the same agreement binding on all the parties hereto. 

9. Applicable Law. This Amendment shall be governed by, and construed in accordance with, the laws of the State of Delaware, without giving effect to
any choice of law or conflict of law rules or provisions (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Delaware. Any dispute relating hereto
shall be heard in the state or federal courts of Delaware, and the parties agree to jurisdiction and venue therein. 
 [signature pages
follow] 







 IN WITNESS WHEREOF, the undersigned have executed or caused to be executed this Amendment
No. 1 to the Limited Liability Company Agreement of CONA Services LLC as of the date first written above. 
  

					
	THE COCA-COLA COMPANY
		
	By:	 	 /s/ J. Alexander M. Douglas, Jr.

		 	Name:	 	J. Alexander M. Douglas, Jr.
		 	Title:	 	President, Coca-Cola North America
	
	COCA-COLA REFRESHMENTS USA, INC.
		
	By:	 	 /s/ Paul Mulligan

		 	Name:	 	Paul Mulligan
		 	Title:	 	President
	
	COCA-COLA BOTTLING COMPANY UNITED, INC.
		
	By:	 	 /s/ M. Williams Goodwyn, Jr.

		 	Name:	 	M. Williams Goodwyn, Jr.
		 	Title:	 	Vice Chairman and Secretary
	
	COCA-COLA BOTTLING CO. CONSOLIDATED
		
	By:	 	 /s/ James E. Harris

		 	Name:	 	James E. Harris
		 	Title:	 	Executive Vice President, Business Transformation



  
 [Signature Page to
Amendment No. 1 to Limited Liability Company Agreement] 








 
					
	 SWIRE PACIFIC HOLDINGS INC. D/B/A SWIRE COCA-COLA USA

		
	By:	 	 /s/ Jack Pelo

		 	Name:	 	Jack Pelo
		 	Title:	 	Vice President
	
	COCA-COLA BEVERAGES FLORIDA, LLC
		
	By:	 	 /s/ Thomas N. Benford

		 	Name:	 	Thomas N. Benford
		 	Title:	 	Vice President
	
	GREAT LAKES COCA-COLA DISTRIBUTION, L.L.C.
		
	By:	 	 /s/ Jeff Laschen

		 	Name:	 	Jeff Laschen
		 	Title:	 	Chief Executive Officer



  
 [Signature Page to
Amendment No. 1 to Limited Liability Company Agreement]