|Exhibit 4.9
|-----------



|COCA-COLA PLAZA 
      ATLANTA, GEORGIA
|---------------------------------------



| | March 18, 2000
| | --------------



|EMBOTELLADORA Central, s. a. 
      Gentlemen:
|----------------------------------------------



|Reference is made to the Bottlers Agreement between
      The Coca-Cola Company (hereinafter referred to as the Company)
      and Embotelladora Central, S. A. (hereinafter referred to as the Bottler)
      effective as of March 18, 2000 (hereinafter referred to as the Agreement).
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|In the course of our recent conversations, you requested
      the clarification of Clause 26 (b) of the Agreement, which the Company agreed
      to do as follows:
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | With regard to maximum retail prices for the Beverages
      in Authorized Containers that may be established and revised by the Company,
      the Bottler will be under no obligation to enforce compliance by retailers
      with such maximum retail prices, but will suggest that retailers comply
      with those maximum retail prices.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|The Company will not seek to exercise the rights to establish
      maximum prices for the Beverages in Authorized Containers as provided for
      in Clause 26 (b) of the Agreement in a manner which would constrain Embotelladora
      Central, S. A. from fulfilling its long term obligations to its shareholders.
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|Company and Bottler agree that all remaining clauses, terms
      and conditions of the Agreement shall remain unchanged and in full force
      and effect.
|------------------------------------------------------------------------------------------------------------------------------------------------------------



| | Very truly yours THE COCA-COLA COMPANYBy:
| | -----------------------------------------





---





|BOTTLERS AGREEMENT
|-------------------



|THIS BOTTLER AGREEMENT (hereinafter referred to as the Agreement)
      valid as of MARCH 18, 2000, entered by and between THE COCA-COLA
      COMPANY, a corporation duly incorporated pursuant to the Law regulating
      the State of Delaware, United States of America, with main headquarters
      at One Coca-Cola Plaza, N.W., in Atlanta City, State of Georgia, U.S.A.
      (hereinafter referred to as the Company) , and EMBOTELLADORA
      CENTRAL, S.A. a corporation duly incorporated and regulated under the
      Laws applicable in the Republic of Guatemala, with main headquarters in
      the City of Guatemala (hereinafter referred to as The Bottler)
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|WHEREAS,
|--------

|A. | The
Companys business purpose is the manufacturing and sale of certain  Concentrates and
Beverages Bases (hereinafter referred to as Beverages  Bases) the formulas of
which are industrial secrets of the Company,  and which are used as basis for the
preparation of syrups for  non-alcoholic beverages (hereinafter referred to as the
Syrups), as  well as to the manufacturing and sale of such Syrups used for
the  preparation of certain non-alcoholic beverages explained in detail  within Appendix
I (hereinafter referred to as the Beverages) which  are put for sale in
bottles and other packages as well as in other  forms or manners.
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|B. | The
Company owns the registered trade marks detailed in Appendix II  securing such Bases for
Beverages, Syrups and Beverages. It also owns  several trade marks consisting of
Distinctive Containers in different  sizes in which the Beverages have been
commercialized for many years,  as well as the registered trade marks consisting of the
design of a  Dynamic Tag used for the advertisement and marketing of some Beverages  (all
registered trade marks whether collectively or on an individual  basis will hereinafter
be referred to as the Trade Marks).
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|C. | The
Company has the exclusive right for the Beverages preparation,  bottling and sale as well
as that for the Bases for Beverages and  Syrups manufacture and sale in the REPUBLIC OF
GUATEMALA.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|D. | The
Company has designated and authorized certain third parties to  manufacture the Beverages
Bases for their sale to bottlers duly  appointed as such (those third parties mentioned
above will be  hereinafter referred to as the Authorized Suppliers).
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 1 | 
| | - | 



---





|E. | The
Bottler has requested for authorization from the Company so as to  use the
Trademarks in connection with the preparation and bottling of  the Beverages
and for the distribution and sale of the Beverages within  the stated territory described
herein.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|F. | The
Company is willing to grant such authorization requested to the  Bottler under the terms
and conditions stated in this Agreement.
|-- | -------------------------------------------------------------------------------------------------------------------------------------



|THEREFORE, the parties agree as follows:
|----------------------------------------

|I. | APPROVAL
|-- | --------

| | 1. | By
means of this Agreement, the Company autorices the Bottler  and in turn, the Bottler is
obligated, under the terms and  conditions herein, to prepare and bottle the Beverages in
Authorized Packages as defined later on and to distribute and  sell them under the
Trademarks exclusively in and within the  territory defined in Appendix III (hereinafter
referred to as  the Territory) .
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 2. | (a)
The Company will approve during the validity period of  this Agreement and at its own
discretion, the types of  container, sizes, shapes and other distinctive characteristics
for each one of the Beverages (hereinafter referred to as the  Authorized
Packages) the bottler is entitled to use pursuant  to this Agreement for the
packing of each one of the  Beverages. The list of Authorized Packages in connection with
each one of the Beverages upon the coming into force of this  Agreement is detailed in
Appendix IV). The Company may, by  means of written communication sent to the Bottler,
authorize  the usage of additional Authorized Packages for the  preparation, distribution
and sale of one or more types of  Beverages.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (b) Pursuant
to the stated in  sub-paragraph  (c) in this Section 2, the Company  keeps the right to
cancel its  authorization  in  connection with any Authorized Package for any of the
Beverages by means of written  notification,  sent with 6 (six)  months notice to the
Bottler.  The parties  acknowledge and accept that the Company will exercise its right to
cancel  its  approval in such a way that it will allow the  Bottler to prepare,  bottle,
distribute  and sell the  Beverages  pursuant  to the terms  herein in at least one of
the  Authorized  Packages.  In the event  such  cancellation  takes  place,  provisions
in Clause 30 (c) will be applied  to the  packages  regarding  which the  authorization
has been  cancelled.  Pursuant  to  sub-paragraph  (c) in this  Section 2, the  Company
will not cancel the  authorization  in  connection with an Authorized Package with the
sole purpose of granting preparation,
| |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 2 | 
| | - | 



---





| |  | bottling, distribution and sale rights to a third
      party in connection with Beverages in such Authorized Packages within the
      Territory.
| |  | --------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (c) It is hereby acknowledged and accepted by
      the parties that the preparation, bottling, distribution and sale system
      of Canned Beverages have unique characteristics when compared to the preparation,
      bottling, distribution and sale system of Beverages distributed in other
      packages. Likewise, it is also acknowledge and accepted by the parties that
      the Company has a legitimate interest in maintaining and promoting the commercial
      and economic feasibility of the preparation, bottling, distribution and
      sale system of the Canned Beverages at world wide level. Therefore, the
      parties hereby agree that when the Bottler get authorization so as to prepare,
      bottle, distribute and sell the Canned Beverages, the Company may cancel
      at its entirely sole discretion and at any time within the validity period
      of this Agreement, its approval in connection with Cans as an Authorized
      Package by means of a written notice sent to the Bottler. The company may
      determine that the Bottler has a continuous relationship with the preparation
      and/or bottling and/or distribution and sale of the Canned Beverages. In
      such event, the Company may enter into future agreements with the Bottler
      in connection with the outsourcing of manufaturing or bottling of the Canned
      Beverages, including the possibility of distribution and sale rights for
      the Canned Beverages. It is hereby acknowledged and accepted by the Bottler
      that the maintenance of authorizations or agreements with the Bottler in
      connection with the preparation, bottling, distribution and/or sale of the
      Canned Bottles will be at the sole discretion of the Company.
| |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (d) For the pursposes of this Agreement, the
      term Cans means and include the following:
| |  | -----------------------------------------------------------------------------------------------

| |  | (1) | any
container for beverage partially or totally metal made; or
| |  | --- | --------------------------------------------------------------

| |  | (2) | any
beverage container sealed after filled in with a  non-removable cap; or
| |  | --- | ---------------------------------------------------------------------------

| |  | (3) | any beverage package generally
      known as can by the soda industry, the wholesale market, the retail market
      or the consumers.
| |  | --- | ---------------------------------------------------------------------------------------------------------------------------------------

| | 3. | The
Exhibits attached to this Agreement, if any, identify the  nature of the complementary
authorizations that may be granted  from time to time to the
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------



| | 3 | 
| | - | 



---





| |  | Bottler pursuant to the terms stated herein and
      regulate the specifi rights and obligations of the parties in connection
      with the complementary authorizations.
| |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|II. | OBLIGATIONS OF THE COMPANY
|--- | --------------------------

| | 4. | The
Company or Authorized Suppliers will sell and deliver the  Bottler the amount of
Beverages Bases the Bottler may request  for on a regular basis, in the understanding
that and as long  as:
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (a) | The
Bottler will request for and the Company or the  Authorized Suppliers will sell and
deliver to the  Bottler only the amount of Beverages Bases that may  be necessary and in
the enough amount in order to  comply with this Agreement; and
| |  | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (b) | The
Bottler will use the Beverages Bases exclusively  for the preparation of the Beverages as
prescribed by  the Company from time to time, and the Bottler is  banned to whether sell
the Beverages Bases or the  Syrups or allow them to get to third parties without  the
Companys previous written consent.
| |  | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | The Company will keep the exclusive and unique
      right so as to determine the formulas, composition or ingredients for the
      Beverages and Beverages Bases at any moment.
| |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 5. | The
Company, within the validity term of this Agreement,  except for the stated in Section
11, will refrain from  selling, distributing or authorizing third parties to sell or
distribute the Beverages within the Territory in the  Authorized Packages, keeping the
right however, to prepare and  bottle the Beverages in the Authorized Packages within the
Territory to be sold outside the Territory and to prepare,  bottle, distribute and sell
or authorize the preparation,  bottling, distribution or to authorize third parties to
sell  the Beverages within the Territory in any other manner or  form.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|III. | OBLIGATIONS OF THE BOTTLER IN CONNECTION WITH
      THE COMMERCIALIZATION OF BEVERAGES, FIANCIAL CAPACITY AND PLANNING.
|---- | -----------------------------------------------------------------------------------------------------------------------



| | 4 | 
| | - | 



---





| | 6. | The
Bottler will have the continuous obligation to develop,  foster and totally satisfy the
demand for each one of the  Beverages within the Territory. Therefore, the Bottler
convenes and agrees with the Company, the following:
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (a) | Prepare,
bottle, distribute and sell the  necessary amounts of each one of the Beverages so as  to
satisfy in full and in all regards the whole  demand of each one of the Beverages within
the  Territory.
| |  | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (b) | To
make all efforts and use all tested, practical and  approved means so as to develop and
exploit in full  the business potential of the preparation, bottling,  commercialization
and distribution of each one of the  Beverages within the Territory by means of the
continuous creation, fostering and expansion of the  future demand of each one of the
Beverages, totally  satisfyingy in all aspects, the current demand;
| |  | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (c) | To
invest all capital and incurr into all expenses  that may be needed for the organization,
installation, operation, maintenance and replacement  of all manufacturing, storing,
marketing,  distribution, delivery and transportation facilities  as well as any other
kind of facilities and equipment  within the Territory so as to comply with this
Agreement;
| |  | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (d) | To
sell and distribute the Beverages in Authorized  Packages only to final retailers or
consumers within  the Territory. However, the Bottler is authorized to  distribute and
sell the Beverages in the Authorized  Packages to wholesalers within the Territory
selling  only to retailers within the Territory. Any other  distribution method will be
subject to the Companys  previous authorization in written; and
| |  | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (e) | To
have a competent management team, duly qualified  and to recruit, train, maintain and
direct all  personnel that may be required in all aspects so as  to comply with the
Bottlers obligations pursuant to  this Agreement.
| |  | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 7. | The
parties agree that,  in order to develop and foster the demand of each one of the
Beverages,  advertisement  and  other  marketing  activities are necessary.  The Bottler
therefore  agrees to spend the amounts of money that may be  necessary for the
advertisement and marketing of the Beverages so as to maintain and increase the demand of
each one  of the Beverages within
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 5 | 
| | - | 



---





| |  | the Territory. The Company may, at its own discretion,
      contribute to such advertisement and marketing expenses. The Company may
      also use its own funds for each advertisement or promotion activity it may
      consider appropriate to conduct within the Territory, having the foregoing
      by no means affecting the Bottlers obligation to invest the necessary
      sums of money for advertising and marketing of each one of the Beverages
      so as to foster and develop the demand of each one of the Beverages within
      the Territory.
| |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 8. | The
Bottler will submit to the Company, for its previous  approval, all advertising and
promotions related to the  Trademarks ad the Beverages and will use, publish, maintain
and distribute only the advertisements and promotional  material related to the
Trademarks or Beverages that may be  approved and authorized by the Company.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 9. | The
Bottler will maintain the consolidated financial capacity  that may be reasonably
necessary so as to make sure the  Bottler can comply with its obligations pursuant to
this  Agreement. The Bottler will keep books, accounts and records  in a precise manner
and will supply the Company, upon request,  the financial and accounting information that
may be required  so as to allow the to Company determine the Bottlers  compliance
of its obligations pursuant to this Agreement.
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 10. | The
Bottler convenes and agrees as follows:
| | --- | -------------------------------------------

| |  | (a) | To
deliver a program to the Company each calendar  year (hereinafter referred to as Annual
Program)  which should be acceptable for the Company both, in  form and content.
The Annual Program will include,  but may not be limited to, the Bottlers plans for
commercialization, administration and management,  finance, promotion and advertising,
showing in detail  the activities envisioned for the following  twelve-month period or
any other period the Company  may establish. The Bottler will diligently enforce  the
Annual Program and will inform on a quarterly  bases or as stated by the Company, about
the  compliance with such Annual Program.
| |  | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (b) | Will
inform the Company, on a monthly basis or within  the intervals the Company may state for
such  purposes, the sales volume of each one of the  Beverages in a detailed manner and
with the data the  Company may request.
| |  | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 6 | 
| | - | 



---





| | 11. | The
Bottler acknowledges that the Company has entered or may  enter agreements similar to
this Agreement with third parties  outside the Territory and accepts the limitations such
agreements may reasonably impose to the Bottler in the  development of its business
according to the terms herein.  Likewise, the Bottler agrees to develop its business in
such a  way so as to avoid conflicts with such third parties and,  should disputes may
arise despite it all, is obligated to make  all reasonable efforts so as to settle them
in an amicable  manner.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | The Bottler may not oppose, without valid reasons,
      to any additional measure, the adoption of which may be considered as necessary
      by the Company and justified by it aiming at protecting and improving the
      Beverages sale and distribution systems. For instance, those that may be
      adopted related to the attention of big or special accounts the scope of
      which may go beyond the Territory limits, even if such measures represent
      a restriction of the Bottlers rigths or obligations within reasonable
      limits without affecting the essence of this Agreement.
| |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 12. | (a) | a) The Bottler acknowledging the important benefit
      both, for itself and all third parties referred to in Clause 11 mentioned
      above, derived from the external uniform appearance of the distribution
      equipment and other equipment and material used pursuant to the terms herein,
      agrees on accepting and applying the adopted rules that may be issued from
      time to time by the Company for the design and decoration of the trucks
      and other vehicles used for distribution, as well as cases, cardboard, refrigerators,
      vending machines and other materials and equipment used for the distribution
      and sale of Beverages pursuant to this Agreement.
| | --- | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (b) | Likewise,
the Bottler is bound to maintain and  replace such equipment within the periods fo time
that may be reasonably necessary and not to use such  equipment neither to distribute nor
sale any other  products that may not be identified under the  Trademarks without the
Companys written consent.
| |  | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 13. | (a) | By no means may the Bottler prepare, sell, or
      distribute or cause the sale or distribution of any of the Beverages outside
      the Territory without the Companys previous consent.
| | --- | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 7 | 
| | - | 



---





| |  | (b) | In
the event any of the prepared, bottled,  distributed or sold Beverages by the Bottler
were  found within the Territory of another authorized  Bottler by the Company
(hereinafter referred to as  the Injured Bottler, besides the other resources
available, the following may apply:
| |  | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  |  | 1) | The Company may immediately cancel the authorization
      of the Authorized container(s) found within the Injured Bottlers Territory;
| |  |  | -- | ---------------------------------------------------------------------------------------------------------------------------------------

| |  |  | 2) | The Company may charge the Bottler a compensatory
      amount for the Beverages found in the Injured Bottlers Territory so
      as to compensate the lost profit, the expenses and other costs incurred
      by the Company and the Injured Bottler; and
| |  |  | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  |  | 3) | The Company may buy any of the prepared, bottled,
      distributed or sold Beverages by the Bottler that may be found in the Injured
      Bottlers Territory and the Bottler, additionally to any other obligation
      that may have pursuant to this Agreement, will reimburse the Company with
      the cost incurred for the purchase, transportation and or destruction of
      such Beverages.
| |  |  | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (c) | In
the event the prepared, bottled, distributed or  sold Beverages by the Bottler were found
in the  Territory of an Injured Bottler, the Bottler may  submit to the Companys
representatives all sale  contracts and other documents related to such  Beverages and
will help the Company in all  investigations conducted related with the sale and
distribution of such Beverages outside the Territory.
| |  | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (d) | The
Bottler will inform the Company immediately in  the event of receiving an order or a
purchase offer  from a third party regarding which, the Bottler may  know or may have
reasons to believe would lead to the  commercialization, sale, resale, distribution or
redistribution of Beverages outside the Territory  infringing the stated herein.
| |  | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|IV.  BOTTLERS OBLIGATIONS IN CONNECTION
WITH THE TRADEMARKS
|------------------------------------------------------------



| | 8 | 
| | - | 



---





| | 14. | The
Bottler will acknowledge at all times the validity of the  Trademarks and the fact they
belong to the Company and by no  means will it question such validity or ownership in any
way  whatsoever.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 15. | There
is nothing  within this  Agreement  that may give the  Bottler  neither  benefit not
right over the  Trademarks  whatsoever,  nor  the  goodwill  inherent  to  them  or  over
the  labels,  design,  bottling  or any  other  visual  representation  thereof or used
in connection with them, and the Bottler  acknowledges and agrees that all rights and
interests created by the usage of Trademarks,  labels, designs,  packages or any other
visual representation may have  a repercussion  for the benefit and property of the
Company.  The parties agree and  understand  that this is nothing  but a temporary
authorization issued in favor of the Bottler pursuant to the terms of this Agreement,
leading not to  any right or  interest  and with no  payment  of any right or  royalty,
for the  usage of such  Trademarks,  labels,  designs,  packages or any other  visual
representations  of them,  but only  related to the  preparation,  bottling,
distribution  and sale of the  Beverages in  Authorized  Packages.  Such usage must be
conducted in a manner and form  that all  goodwill  related to it benefits  the Company
as the source and origin of such  Beverages,  and the Company  will keep full right over
determining  the  presentation of such Trademarks and other steps that may be necessary
or  convenient so as to assure compliance in the stated in Section 15.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 16. | The
Bottler may neither adopt or use any name, corporate name,  company name, establishment
name nor any other commercial name  including the words Coca-Cola, Coca,
Cola, Coke or any  other that could be mistaken for or considered
as similar to  any graphic or visual representation of the Trademarks or any  other brand
or industrial property of the Company, without  previous written consent of the Company.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 17. | The
Bottler convenes and agrees with the Company during the  validity period of this
Agreement and pursuant to the  applicable legislation as follows:
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (a) | Not
to manufacture, prepare, bottle, distribute,  sell, negotiate or in any other manner
establish a  relationship with any other products of non-alcoholic  beverages besides
those prepared, bottled,  distributed or sold by the Bottler under the  Companys
approval except in the event of obtaining  the Companys written consent in advance.
| |  | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 9 | 
| | - | 



---





| |  | (b) | Not
to manufacture, prepare, bottle, distribute,  sale, negotiate or by any other means
establish any  relationship with any other concentrated solution,  base for beverage,
syrup or beverage that may be  easily mistaken for any of the Beverages Bases ,  Syrups
or Beverages.
| |  | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (c) | Not
to manufacture, prepare, bottle, distribute,  sell, negotiate or by any other means
establish any  other relationship with any other beverage by-product  under any
commercial design or any container  imitating a commercial design or container over which
the Company claims property rights or that may be  subject to confusion or to cause
confusion or that  may be perceived by the consumer as confusingly  similar or that may
be substituted by such commercial  design or container;
| |  | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (d) | Not
to manufacture, prepare, bottle, distribute,  sell, negotiate or by any other means
establish any  relationship with any product under any other brand  or name that may be
an imitation, copy, infringement  or confusingly similar to any of the Trademarks, and
| |  | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (e) | Within
the validity term of this Agreement and within  a period of two (2) years after
termination of such  term and acknowledging the valuable rights granted by  the Company
to the Bottler pursuant to this  Agreement, not to manufacture, prepare, bottle,
distribute, sell, negotiate or by any other means  establish any other relationship with
any other  beverage the name of which may include the word  Cola (whether on
its own or together with any other  word or words) or any other phonetic interpretation
of such word.
| |  | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | The stipulated herein applies not only to the
      operations with which the Bottler may be directly involved but also to the
      operations with which the Bottler may be indirectly involved by means of
      ownership, control, management, partnership, contract, agreement or any
      other means whether within or outside the Territory. The Bottler is obligated
      not to acquire, retain whether directly or indirectly any property interest
      in or become part of any contract or agreement related to the management
      or control of any person or legal entity, within or outside the Territory
      participating in any of the activities prohibited under this Section.
| |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | Likewise, in connection with the alcoholic beverages
      with which the Bottler may establish any relationship within the validity
      term of this Agreement,
| |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 10 | 
| | -- | 



---





| |  | the Bottler agrees to conduct such business or
      any area within it, that may include the manufacturing, preparation, bottling,
      distribution or sale or any other activity related to alcoholic beverages
      by means of a different company in such a way that it seems to be a business
      activity different from the Bottlers Beverages business pursuant to
      the stated herein. By means of the foregoing, the Bottler agrees to conduct
      any business related to alcoholic beverages by means of a different commercial
      entity, including: (i) legal identity;(ii) plant or physical infrastructure;
      (iii) sales force; (iv) machinery and vehicles; and (v) other characteristics
      of the business, unless the Company approves otherwise in written.
| |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 18. | This
agreement reflects mutual interest of the parties and in the  event:
| | --- | -------------------------------------------------------------------------

| |  | (a) | a
third party that, in the Companys opinion, is  related whether directly or
indirectly, by means of a  property title, the exercise of a control or by any  other
means with the manufacturing, preparation,  bottling, distribution or sale of any product
specified under Section 17 mentioned above, purchases  or by any other means obtains
control or influences  anyhow whether directly or indirectly the Bottlers
management activities; or
| |  | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (b) | any
person or legal entity that having majority  ownership or control whether directly or
indirectly  over the Bottler or that may be controlled in a  direct or indirect manner by
the Bottler or any third  party that may have control or any direct or indirect
influence over the Bottlers management activities,  pursuant to the Companys
opinion takes part in the  preparation, bottling, distribution or sale of any of  the
products specified in Section 17 stated above.
| |  | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | In such event, the Company may be entitled to
      terminate this Agreement immediately unless the third party conducting the
      purchase pursuant to the stated in sub-paragraph (a) above or the person,
      entity, firm or company referred to in sub-paragraph (b) mentioned above,
      upon receiving written notice of the Company stating its intention of terminating
      the Agreement as stated before, agrees to discontinue and actually discontinues
      the manufacturing, preparation, bottling, distribution or sale of such products
      within a reasonable period of time not exeeding six (6) months as of the
      notification date.
| |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 19. | (a) | If the Company, for the purposes of this Agreement,
      requires, pursuant to the applicable laws regulating the registration and
| | --- | --- | -----------------------------------------------------------------------------------------------------------------------------------

| |  | 
| |  | 



| | 11 | 
| | -- | 



---





| |  |  | license of industrial property, for the Bottler
      to be registered as authorized user or licensee of the Trademarks, upon
      the Companys request, the Bottler will enter all an any contracts
      and documents that may be necessary so as to establish, modify or cancel
      the registration.
| |  |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (b) | Should
the public authority with the relevant  jurisdiction reject the Company and Bottlers
request  so as to register the Bottler as authorized user or  licensee of any of the
Trademarks in connection with  any of the Beverages prepared and bottled by the  Bottler
pursuant to this Agreement, the Company will  be entitled to terminate this Agreement or
immediately cancel the relevant authorization in  connection with such Beverages.
| |  | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|V. | OBLIGATIONS OF THE BOTTLER IN CONNECTION
      WITH THE PREPARATION AND BOTTLING OF THE BEVERAGES
|-- | -------------------------------------------------------------------------------------------------

| | 20. | (a) | The Bottler convenes and agrees with the Company
      to use, in the preparation of the Syrups for each one of the Beverages,
      only the Beverages Bases acquired from the Company or Authorized Suppliers
      and in using the Syrups only for the preparation and bottling of the Beverages
      strictly subject to and in compliance with the directions in written that
      will be communicated to the Bottler by the Company in a regular basis. The
      Bottler also agrees with the Company that upon preparing, bottling and distributing
      the Beverages will at all times be subjected to the manufacturing, hygiene
      among other rules stated from time to time by the Company and to comply
      with all applicable legal requirements. Likewise, the Bottler will at all
      times allow the Company, its officers, agents, representatives or employees
      to have access and to inspect the plant, facilities, equipments and methods
      used by the Bottler for the preparation, bottling, storage and management
      of the Beverages in order to determine if the Bottler complies with the
      terms of this Agreement.
| | --- | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (b) | The
Bottler, acknowledging the relevance of  identifying the manufacturing source for the
Beverages in the market, agrees to use identification  codes in all bottling and/or
packaging materials for  the Beverages, including Authorized Packages and  disposable
cases. Moreover, the Bottler agrees to  install, maintain and use the
| |  | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 12 | 
| | -- | 



---



| |  |  | necessary machinery and equipment required for
      the application of such identification codes. The Company will supply the
      Bottler from time to time with the necessary directions in written in connection
      with the forms of the identification codes that may be used by the Bottler
      as well as the production and sale records to be kept by the Bottler.
| |  |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (c) | In
the event the  Company  determines  or  notices  the  existence  of any issue  related
to  quality or of  technical  origin  related to any of the  Beverages or  Authorized
Packages in  connection  with any of the  Beverages,  the Company may require the Bottler
to take all necessary measures so as to immediately withdraw  such  Beverages from the
market.  The Company will notify the Bottler  whether by telephone,  cable,  telex,
telefax or any other means of immediate  communication  its decision of  requesting  the
Bottler to withdraw  such  Beverages  from the market.  Upon  reception of such notice,
the Bottler  will  immediately  stop the  distribution  of such  Beverages  and will take
any other  action  that may be  requested  by the Company in  connection with the
withdrawal of such Beverages from the market.
| |  | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (d) | In
the event the Bottler determines or gets  acquainted with any quality issue or of
technical  origin related to any of the Beverages or Authorized  Packages in connection
with any of the Beverages, the  Bottler will immediately notify the Company by
telephone, cable, telex, telefax or any other means  of immediate communication. This
notification will  include: (1) identity and amount of Beverages  involved, including the
Authorized Packages, (2)  codification data, (3) any other relevant means  including
information helping in the tracing of such  Beverages.
| |  | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 21. | The
Bottler must, at its own cost and expense, submit to the  Company, samples of the Syrups,
Beverages and the materials  used for the preparation of such Syrups and Beverages
pursuant  to the directions communicated in written by the Company from  time to time.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 22. | (a) | In the bottling, distribution and sale of the
      Beverages, the Bottler will only use Authorized Containers, lids, boxes,
      cardboard, labels and other bottling or packaging materials approved from
      time to time by the Company, and the Bottler will acquire such items only
      from the suppliers previously authorised by the Company so as to manufacture
      such items to be used in connection with the Trade
| | --- | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 13 | 
| | -- | 



---





| |  |  | Marks and Beverages. The Company will make its
      best effort so as to approve two or more suppliers for such items, in the
      understanding that such authorized suppliers may be within or outside the
      Territory.
| |  |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (b) | The
Bottler will inspect the Authorized Packages,  lids, cases, cardboard, labels and other
bottling or  packaging materials and will only use those items  complying with the rules
stated by the applicable law  within the Territory besides the rules and  specifications
stated by the Company. The Bottler  will assume, on an independent manner, the
responsibility in connection with the usage of such  Authorized Packages, lids, cases,
cardboard, labels  and other bottling materials complying with such  rules.
| |  | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (c) | The
Bottler will maintain on an permanent basis,  enough inventory of Authorized Packages,
lids,  labels, cardboard and other bottling materials so as  to fulfill, in full, the
demand of each one of the  Beverages within the Territory.
| |  | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 23. | (a) | The Bottler acknowledges that the increases
      in demand for Beverages, as well as the changes in the list of Authorized
      Packages may require, from time to time, modifications or other changes
      in connection with their existent equipment for the manufacture, bottling,
      distribution or direct supply or may require the purchase of additional
      equipment for the manufacturing, bottling, distribution or direct supply.
      The Bottler therefore agrees to modify the existent equipment, acquire and
      install the additional equipment that may be necessary with enough anticipation
      so as to permit the introduction of the new Authorized Packages and the
      preparation and bottling of the Beverages pursuant to the permanent obligations
      of the Bottler of develop, foster and satisfy in full the demand for each
      one of the Beverages within the Territory.
| | --- | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (b) | In the event the Bottler uses non-returnable
      Authorized Containers for the preparation and bottling of the Beverages,
      the Bottler agrees to invest the necessary capital as well as the sums that
      may be requested from time to time so as to create and maintain an adequate
      inventory of the Returnable Authorized Containers. Aiming at assuring the
      permanent quality and appearance of such inventory of non-disposable Authorized
      Packages. The Bottler, moreover, agrees to replace all or part of such inventory
      of non-disposable Authorized
| |  | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 14 | 
| | -- | 



---





| |  |  | Packages as reasonably necessary and pursuant
      to the obligations of the Bottler stated herein.
| |  |  | ----------------------------------------------------------------------------------------------------

| |  | (c) | The
Bottler agrees not to re-bottle or by any other  means re-use any of the non-returnable
Authorized  Packages that may have been previously used.
| |  | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------

| | 24. | The
Bottler is the only held responsible for the compliance of  its obligations pursuant to
this Agreement in the terms stated  on the law and regulations applicable in the
Territory, and  should immediately inform the Company about any rule that may  hinder or
limit the Bottler regarding the strict compliance of  its obligations herein clearly
stated.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|VI. | CONDITIONS FOR PURCHASE AND SALE
|--- | --------------------------------

| | 25. | The
Bottler will acquire the Beverages Bases that may be  required for the preparation and
bottling of the Beverages  from the Company or Authorized Suppliers only, pursuant to the
stated in this Agreement.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 26. | (a) | The Company, by means of communication to the
      Bottler, keeps the right to establish at its own discretion, prices of the
      Beverages Bases, including the shipment and payment conditions, the currency
      or currencies acceptable by the Company for payment purposes and to appoint
      one or more Authorized Suppliers, the place for procurement and/or alternative
      procurement places for each one of the Beverages Bases.
| | --- | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (b) | The
Company keeps the right,  up to the extent  permitted by the  applicable  law within the
Territory,  to  establish and review, bu means of written  notification to the Bottler,
the maximum sale prices of each one  of the Beverages in the  Authorized  Packages to be
sold by the Bottler to retaliers and the maximum  retail  price for each one of the
Beverages.  In this connection,  it is acknowledged  that the Bottler may sell the
Beverages to the  retailers  and authorize the retail sale of the Beverages at lower
prices than the maximum  sale  prices that may be  established  or reviewed  by the
Company  pursuant  to this  sub-parragraph.  The  Bottler may neither increase,  however,
the maximum sale prices  established or reviewed by the Company for  the  Beverages  sold
in the  Authorized  Packages to  retailers  nor
| |  | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 15 | 
| | -- | 



---





| |  |  | approve an increase in the maximum sale prices
      of the Beverages without written approval issued by the Company.
| |  |  | ---------------------------------------------------------------------------------------------------------------------

| |  | (c) | The
Company keeps the right, by means of notification  in written to the Bottler, to change
the Authorized  Suppliers and to revise from time to time and in any  moment at its
entire discretion, the prices of any of  the Beverages Bases, the shipment conditions
(including the place for procurement) as well as the  currency or currencies acceptable
to the Company or  its Authorized Suppliers.
| |  | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (d) | If
the Bottler is not willing to pay the revised  price in connection with the Beverages
Bases for  Coca-Cola Beverage, the Bottler will notify so in  written within
the next thirty (30) days upon  reception of the notification issued by the Company
stating the revision of the price mentioned above.  Should this be the case, this
Agreement will  automatically be terminated upon three (3) calendar  months following the
reception date of the  notification received by the Bottler.
| |  | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (e) | Except
for the  stated  in  subparagraph  (d)  mentioned  above in  connection  with the Base
for  Beverage  Coca-Cola,  if the  Bottler is not  willing to pay the revised
price in  connection  with the Base(s) for  Beverage(s)  for one or more of any of the
other  Beverages,  the Bottler should notify so to the Company in  written within the
thirty (30) days upon reception of the written  notification of the Company notifying the
revision of the price or prices  mentioned  above.  In this case,  the Company,  at its
own  discretion  and  taking into consideration the current and future market
conditions,  may take one of the following actions:  (i) notify the Bottler, in written,
that this Agreement will terminate after three (3) calendar months upon  receipt of the
notification  for  termination  issued by the Company and sent to the Bottler or (ii)
notify  the Bottler in written that the  authorization  to the Bottler in connection with
such Beverage of Beverages  regarding  which the Bottler is not willing to pay the
revised price is cancelled.  Such  cancellation  will  be effective  three (3) calendar
months upon  reception of the  notification  from the Company  stating the  cancellation
of such  authorization(s)  to the Bottler.  In the event the cancellation of
authorization of a  Beverage or  Beverages  pursuant to this  subparagraph,  the
conditions  stated on Section 30 will apply in  connection with such Beverage of
Beverages and,  notwithstanding  any other stipulation  herein, the
| |  | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 16 | 
| | -- | 



---





| |  |  | Company will have no additional obligations
      towards the Bottler in connection with the Beverage or Beverages the authorization
      of which has or have been cancelled, and the Company will have the right
      to prepare, bottle, distribute, sell or grant authorizations to a third
      party so as to prepare, bottle, distribute or sell such Beverage or Beverages
      within the Territory.
| |  |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (f) | The
omission committed by the Bottler regarding  notification to the Company the related to
the  revised price in connection with one or more of the  Beverages Bases regarding
subparagraphs (d) and (e)  mentioned above will be considered as acceptance by  the
Bottler of the revised price.
| |  | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (g) | The
Bottler commits to collect and charge the retail  distributors the deposits the Company
may determine  from time to time by means of written notification to  the Bottler for
each one of the non-disposable  Authorized Packages and each one of the  non-disposable
cases delivered to them, and to make  all reasonable efforts so as to recover the empty
Authorized Packages and cases and, once collected, to  reimburse or credit the deposits
corresponding to  such Authorized Packages that may have no damage and  that may be in
good conditions.
| |  | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|VII. | DURATION AND TERMINATION OF THE AGREEMENT
|---- | -----------------------------------------

| | 27. | This Agreement will be effective as of MARCH
      18, 2000 and will be due, with no previous notification, on MARCH
      17, 2005 unless terminated in advance as stated herein. The parties
      to this Agreement acknowledge and agree that the Bottler will have no right
      to claim the tacit renewal of this Agreement.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 28. | (a) | This Agreement may be terminated by the Company
      or by the Bottler immediately and incurring in no liability whatsoever by
      means of written notification between the parties holding the right to terminate
      the other party:
| | --- | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (1) | If
the Company, the Authorized Suppliers or  the Bottler can not obtain in a legal manner
the foreign currency necessary so as to make  payments related to imports of the
Beverages  Bases or the ingredients or materials  necessary so as to
| |  | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 17 | 
| | -- | 



---





| |  |  | manufacture the Beverages Bases, the Syrups or
      the Beverages; or
| |  |  | ----------------------------------------------------------------------

| |  | (2) | If
any of the parties to this Agreement  stops acting pursuant to the laws or  applicable
regulations in the country where  the Territory is located and, as a result,  or deriving
from any other law that may  affect this Agreement, any of the main  stipulations herein
can not be legally  complied with or in the event the Syrups, or  Beverages can not be
prepared or sold  pursuant to the directions issued by the  Company pursuant to Section
20 mentioned  above or if any of the Beverages Bases can  not be manufactured or sold
pursuant to the  Companys formulas or the rules stated by  it.
| |  | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b) | This Agreement
      may be immediately terminated by the Company, without incurring into liability
      for losses and damages:
| | --- | ---------------------------------------------------------------------------------------------------------------------------------

| |  | (1) | If
the Bottler becomes insolvent or declares  bankruptcy or if a request for bankruptcy is
filed against or on behalf of the Bottler  without having it suspended or rejected
within the one hundred and twenty (120) days  after its filing, or if the Bottler submits
a request to liquidate or close its  business, or if it requests for disolution  or if a
judicial order in this connection is  issued against the Bottler, or if a  receivership,
bankruptcy trustee or judicial  manager is appointed so as to manage the  Bottlers
business, or if the Bottler enters  a scheme for judicial or voluntary  organization with
its creditors, or closes  any similar deal with them or makes a  general transfer of
assets in favor of the  creditors; or
| |  | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (2) | In
the event of dissolution, nationalization  or expropriation of the Bottler or in the
event the Bottlers productive or  distribution assets are seized.
| |  | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------

| | 29. | (a) | This Agreement may also be terminated by the
      Company or the Bottler in the event the other party fails to comply with
      any of the terms, stipulations or conditions stated herein and defaults
      in fixing such non-compliance(s) within the following sixty (60) days after
      having such party receiving notification in written stating such default(s)
      on compliance.
| | --- | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 18 | 
| | -- | 



---





| |  | (b) | Besides
all other  resources  the Company  may be  entitled to by virtue of this  Agreement,  if
the Bottler  stops  following  the rules  established  by the Company or those  requested
by the  applicable  laws in the  Territory for the  preparation  of the Syrups or
Beverages,  the Company will have the right to prohibit the  production of Syrups or
Beverages  until the default on compliance is solved at the entire  satisfaction  of  the
Company,  and the Company may demand the  withdrawal  from the market,  at the Bottlers
expense of the  Beverages  that do not comply or are not  manufactured  pursuant to the
directions,  rules or  requirements  issued in such connection and the Bottler will
immediately stick to such prohibition or demand.  During such  prohibition  period,  the
Company will be entitled to suspend the supply of  Beverages  Bases to the Bottler  and
will  also keep the right to  supply,  cause or allow  others to  supply  the  Beverages
in  Authorized  Packages in the Territory.  No  prohibition or demand may be considered
as a waiver of the Companys  rights  to terminate this Agreement pursuant to this
Section whatsoever.
| |  | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 30. | Upon
maturity or anticipated termination of this Agreement or  the cancellation of the
authorization for one or more  Beverage(s), only in connection with that (those)
Beverage(s)  as it may deem appropriate:
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (a) | As
of that date, the Bottler may not prepare, bottle,  distribute or sell the Beverages or
may use any of  the Trademarks, Authorized Packages, cases, lids,  labels, bottling
material or advertising material  used or aimed at being used by the Bottler in
connection with the preparation, bottling,  distribution and sale of the Beverages;
| |  | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (b) | The
Bottler will immediately eliminate all reference  to the Company, the Beverages and the
Trademarks from  the facilities, delivery vehicles, direct sale  equipments and other
equipments of the Bottler, as  well as from all commercial stationery and all  written,
graphic, electromagnetic and, digital  material or promotional articles, or
advertisements  used or kept by the Bottler and as of that date, by  no means the Bottler
may assert it has any  relationship with neither the Company, the Beverages  nor the
Trademarks in any way whatsoever.
| |  | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (c) | The
Bottler will immediately  deliver to the Company or to a third party pursuant to the
directions that the  Company may issue in such connection,  all the Beverages Bases in
Authorized  Packages,
| |  | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 19 | 
| | -- | 



---





| |  |  | Authorized Packages to be used with the Trademarks
      or any of them, cases, lids, labels, packaging materials and advertising
      materials for the Beverages still under the Bottlers possession or
      control. The Company, upon receiving the material pursuant to such directions,
      will pay the Bottler an amount equal to the reasonable market price of such
      inputs or materials in the understanding that the Company will only accept
      and pay such inputs and materials that may be usable and first-class quality.
      All Authorized Packages, lids, labels, packaging material and advertising
      material holding the name of the Bottler and inputs or materials that may
      not be appropriate for usage pursuant to the Companys rules, will
      be destroyed by the Bottler at its own cost and expense. In the event this
      Agreement is terminated pursuant to the provisions in Sections 18 or 28
      (a) and deriving from any of the circumstances detailed in Section 35 (including
      the termination by legal provision) or if the Agreement is terminated by
      the Bottler by any other different reason pursuant to or resulting from
      the enforcement of Sections 26 or 29, or upon cancelling the authorization
      for one (or more) Beverage (s) pursuant to Section 26 (e) or Section 31,
      the Company will have the option, but not the obligation, of purchasing
      the inputs and materials referred to above from the Bottler; and
| |  |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (d) | All
rights and obligations stated herein, whether  expressly defined or that may have been
aquired or  are being acquired deriving from the usage, practice  or by any other manner
will expire, cease and  terminate, except for the Bottlers obligations  stated in
Sections 13 (b) (2) and (b) (3), 14, 15,  16, 17 (e), 19 (a) , 0.30, 36 (a) , (b) , (c)
and (d)  and 37, which will remain valid and with full effect.  It is understood that
this provision should not  affect any of the rights that the Company may have  against
the Bottler in connection with claims for  default on payment of any debt or obligation
of the  Bottler towards the Company or with the authorized  suppliers.
| |  | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 31. | Besides
all other resources of the Company in connection with any default from the Bottler in the
terms,  obligations  and conditions of this Agreement,  and as such default may be
related only with the Bottlers preparation,  bottling,  distribution and sale of
one or more but not all the Beverages,  the Company may choose to cancell the
authorizations  granted to the Bottler pursuant to this Agreement,  only in connection
with such Beverage or Beverages.  In the Event  the Company  cancels  authorizations  to
the Bottler  based on this  Section,  provisions in Section 30 will apply in  connection
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 20 | 
| | -- | 



---





| |  | with such Beverage or Beverages, and the Company
      will have no additional obligations towards the Bottler in connection with
      the Beverage or Beverages regarding which authorizations have been cancelled
      and the Company will have the right to prepare, bottle, distribute,sell
      or grant authorizations to a third party in connection with the preparation,
      bottling, distribution and sale of such Beverage or Beverages in the Territory.
| |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|VIII. | GENERAL PROVISIONS
|----- | ------------------

| | 32. | The
parties  acknowledge  and accept  that the  Company has a  legitimate  interest  in
maintaining,  promoting  and  protecting the global performance,  efficiency and
integrity of the international  system for bottling,  distribution  and sale of the
Companys  products.  Likewise,  the parties  acknowledge  and accept that this
Agreement  has been  drafted by the Company  intuitu  personae,  taking into
consideration  the identity,  character and integrity of the  owners,  controlling
parties and managers of the Bottler,  and the Bottler in turn,  guarantees to have
disclosed in  full,  before the execution of this Agreement,  the names of the owners and
third parties having rights or exercising  an effective power of control or management
over the Bottler.  Therefore,  the Bottler accepts and obligates  itself  towards the
Company as follows:
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (a) | Neither
to assign, transfer, pledge or by any other  means encumber all or part of this
Agreement, nor any  interest stated herein in favor of a third party or  third parties
without previous written consent of the  Company.
| |  | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (b) | Not
to delegate the execution of this Agreement, all  or part of it, to a third party or
third parties  without previous written consent of the Company;
| |  | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (c) | To
immediately notify the Company in the event or  upon acknowledging the action of a third
party that  may or actually results in any change of ownership or  control of the Bottler.
| |  | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (d) | To
put at the Companys disposal on a regular basis  and at the Companys request,
the Bottlers complete  property records with precise information regarding  any
third party or parties who may exercise direct or  indirect control over it.
| |  | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 21 | 
| | -- | 



---





| |  | (e) | As
the Bottler holds some legal control over changes  in ownership or control of the
Bottler, not to start,  conduct, consent, accept changes without the  Companys
previous written consent; and
| |  | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (f) | If
the Bottler is incorporated as a partnership, not  to change the composition of such
partnership by  means of accepting new partners or the resignation of  any of the
existing partners, without the  Companys previous written consent.
| |  | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | Besides the stated above in this Section, in
      the event a proposed change regarding ownership or control of the Bottler
      involves in whole or in part a direct or indirect transfer or the acquisition
      of property or control of the Bottler, by an individual or an entity authorized
      by the Company to manufacture, sale, distribute or by any other means negotiate
      regarding any of the Beverages and/or any trade mark of the Company (hereinafter
      referred to as the Acquiring Bottler), the Company may request
      some and all information that it may consider as relevant both, from the
      Bottler and the Acquiring Bottler aiming at determining whether to accept
      such change or not. In any of the circumstances mentioned above, the parties,
      acknowledging and admitting the legitimate interest of the Company to maintain,
      promote and protect the globality, efficiency and integrity of the Companys
      products bottling, distribution and sale international system, expressly
      accepts that the Company is empowered, if so deciding, to consider all factors
      that may deem necessary and to apply the relevant criteria.
| |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | Moreover, it is acknowledged and agreed between
      the parties that the Company, at its own discretion, may deny consent to
      any change proposed over the ownership or any other transaction embraced
      in this Section 32 or may give consent subject to those conditions that,
      at its own discretion, may determine. The parties expressly agree that any
      infringement by the Bottler over the previous stipulations contained in
      this Section 32, will entitle the Company to immediately terminate this
      Agreement and, by virtue of the personal nature of this Agreement, they
      agree that the Company will have the right to terminate this Agreement if
      any other third party or third parties obtain a direct or indirect interest
      in the property of or control over the Bottler, eventhough the Bottler has
      no means to avoid such change and if, in the Companys opinion, such
      change may permit such third party or third parties to exercise any influence
      over the Bottlers management or materially affect the Bottlers
      capacity to strictly comply with the terms and obligations stated herein.
| |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 22 | 
| | -- | 



---





| | 33. | The
Bottler may, before the emission, offer, sale, transfer,  commercialization or exchange
of stocks or any other security,  its bonds, obligations or any debt certificate or the
promotion of the foregoing, obtain the Companys written  consent as long as the
Bottler uses the name of the Company or  the Trade Marks or makes any mention of its
commercial  relationship with the Company in connection with prospects,  promotional
material and other selling efforts. The Bottler  may not use the name of the Company or
Trademarks or mention  in any manner its relationship with the Company in prospects  or
advertising or promotional material used in connection with  the acquisition by the
Bottler of shares or other property  titles in other company without the Companys
previous  approval in written.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 34. | The
Company may assign any of its rights and delegate in whole  or in part, its duties and
obligations derived from this  Agreement to one or more of its subsidiaries or affiliated
companies by means of written notification to the Bottler, in  the understanding however
that any delegation of this sort  does not release the Company from any of the
obligations  entered into by virtue of this Agreement.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | Moreover, the Company, at its entire discretion,
      may and by means of a written notification to the Bottler, appoint a third
      party as its representative so as to make sure the Bottler complies with
      its obligations pursuant to this Agreement, fully empowered so as to supervise
      the Bottlers performance and demand compliance of all terms and conditions
      stated herein. The Company may change or revoke such designation at any
      time by sending a written notification to the Bottler.
| |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 35. | Neither
the Company nor the Bottler will be held responsible  for the default on compliance of
any of the obligations  mentioned herein whenever such default on compliance derives  or
results from the following:
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (a) | Strike,
inclusion in the black list, boycott or commercial  sanctions no matter their origin.
| |  | --- | ---------------------------------------------------------------------------------------------

| |  | (b) | Fortuitous
circumstance, force majeure, public  enemies, legal provisions or administrative actions
(including the withdrawal of any governmental  authorization required by any of the
parties for the  compliance of the stated within this Agreement),  attachment,
quarantine, mutiny, insurrection, a  declared or non declared war, state of war or
beligerance or risk; or
| |  | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 23 | 
| | -- | 



---





| |  | (c) | Any
other circumstance that may go beyond control of  the parties
| |  | --- | -----------------------------------------------------------------

| |  | In the event
      the Bottler fails to comply with its obligations resulting from any of the
      circumstances stated in this Section and as the situation causing such default
      on compliance persists, the Company and the Authorized Suppliers will be
      relieved from their obligations stated under Sections 4 and 5. In the event
      such default on compliance persists for six (6) months or more, any of the
      parties may terminate this Agreement.
| |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 36. | (a) | The Company keeps the sole and exclusive right
      to file any proceedings or civil, administrative or criminal action and
      in general, to exercise or search for any of the legal solutions available
      it may consider appropriate for the protection of its reputation and industrial
      property rights, as well as to protect the Beverages Bases, Syrups and Beverages
      and defend any actions that may affect such matters. Upon the Companys
      request, the Bottler may assist in any of such actions. The Bottler may
      not file any claim against the Company resulting from such proceedings or
      actions or for any default in filing or defending such proceedings or actions.
      The Bottler will immediately notify the Company of any litigation or proceedings
      already filed that may affect such matters. The Bottler may not file any
      legal proceedings, whether legal or administrative against any third party
      which may affect the Companys interests without its written previous
      consent.
| | --- | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (b) | The
Company has exclusive right and responsibility  for filing and defending all proceedings
and actions  related to the Trademarks. The Company may file or  defend any of such
proceedings or actions on its own  behalf or request the Bottler to file or defend such
proceedings or actions whether under its own name or  in a joint manner under the Bottlers
and the  Companys names.
| |  | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (c) | The
Bottler agrees to ask for the Companys advise in  connection with all claims for
liability regarding  products, proceedings or actions filed against the  Bottler in
connection with Beverages or Authorized  Packages in order to defend and take the actions
the  Company may reasonably advise aiming at protecting  the Companys interests
regarding the Beverages,  Authorized Packages or goodwill associated with the  Trademarks.
| |  | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 24 | 
| | -- | 



---





| |  | (d) | The
Bottler will indemnify and compensate of all  losses or liabilities to the Company, its
affiliates  and associates, their corresponding directors,  managers and employees of and
against all costs,  damages, claims, obligations and liabilities derived  from the facts
and circumstances not imputable to the  Company, including but not limited to costs and
expenses incurred into derived from settling or any  transaction of such resulting from
the preparation,  bottling, distribution, sale or promotion of the  Beverages by the
Bottler, including but not limited  to the costs that may derive from the actions or
omissions, whether negligent or not, of the Bottler,  the Bottlers distributors,
its suppliers and  wholesalers.
| |  | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (e) | The
Bottler will obtain and maintain valid an  insurance policy with an insurance company
that must  be acceptable for the Company granting full and total  coverage both, related
to the amount and risk covered  thereto, in connection with the issues referred to in
subparagraph (d) described above, including the  indemnization contained therein, and
upon the  Companys request, will submit evidence of the  existence of such
insurance policy. Compliance with  Section 36 (e) will neither limit nor waive the
Bottler from its obligations under Section 36 (d)  stated herein.
| |  | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 37. | The
Bottler convenes and agrees with the Company:
| | --- | -------------------------------------------------

| |  | (a) | That
it will make no statements or disclosures  neither to the public, the governmental
authorities  or any third party related to the Beverages Bases,  the Syrups or Beverages,
without the Companys  previous written consent.
| |  | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (b) | That
at all times, both during the validity period of  this Agreement and after its maturity
date, will  maintanin strict confidentiality over all  confidential or secret information
including, but not  restricted to, mixing directions and techniques,  sales, marketing
and distribution, projects and plans  related to the matter subject to this Agrement that
the Bottler may receive from the Company or in any  other manner and will guarantee that
such information  will be disclosed only as it is needed by those  directors, managers
and employees having entered  enforceable legal documents in which they are  committed to
maintain confidentiality over the  matters described in this Section.
| |  | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 25 | 
| | -- | 



---





| |  | (c) | That
upon maturity or anticipated termination of this  Agreement, the Bottler will make the
necessary  arrangements so as to deliver to the Company,  pursuant to the directions it
may issue in such  connection, all written, graphic, electromagnetic,  computarized,
digital or any other material  containing any information subject to the  confidentiality
obligation stated herein.
| |  | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 38. | In
the event any of the provisions stated herein becomes or  may become legally inefficient
or invalid, the validity or  effect of all other provisions in this Agreement will not be
affected aiming having not such invalidity or inefficiency of  such provisions hindering
in a wrong way compliance of this  Agreement or damaging the ownership or validity of the
Trade  Marks. The right to terminate this Agreement pursuant to  Section 28(a) (2) will
not be affected by this Section.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 39. | (a) | In connection with all issues mentioned herein,
      this Agreement is the sole agreement existing between the Company and the
      Bottler. All previous agreements between the parties related to the same
      matters are cancelled by this Agreement except for the agreements entered
      pursuant to Section 19 herein. It is understood however that any statement
      in written issued by the Bottler that the Company took into consideration
      to enter into this Agreement will remain valid, therefore binding the Bottler.
| | --- | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (b) | Any
waiver or modification, alteration or addition to  this Agreement or to any of its
provisions, will not  obligate neither the Company or the Bottler unless  they are
entered respectively by the corresponding  authorized representatives both, of the
Company and  the Bottler.
| |  | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (c) | All
notifications in written issued for this  Agreements purposes will be made by
cable, telegram,  telex, personal delivery or certified mail and will  be considered as
delivered upon issuing date of such  notification, sending date of certified mail or such
personal delivery actually takes place. Such  notifications in written will be addressed
to the  last known address of the interested party. The  change of address by any of the
parties must be soon  notified in written to the other party.
| |  | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 40. | The
omission by the Company in immediately exercising each of  the rights granted herein or
in the event strict compliance of  any obligation assumed by the Bottler will not be
considered  as a waiver of such right or of the right
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 26 | 
| | -- | 



---





| |  | to demand the subsequent compliance of each and
      every obligation assumed by the Bottler pursuant to this Agreement.
| |  | -------------------------------------------------------------------------------------------------------------------------

| | 41. | The
Bottler is an independent contractor, not an agent of the  Company. The Bottler accepts
that it will neither state it is  an agent of the Company nor will consider itself as
such for  no purpose whatsoever.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 42. | The
heading lines stated herein are only for the convenience  of the parties and will not
affect the interpretation of this  Agreement.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------

| | 43. | This
Agreement will be interpreted pursuant to the applicable  Law in the Republic of
Guatemala.
| | --- | ------------------------------------------------------------------------------------------------

| | 44. | The
Appendixes and Exhibits attached hereto are considered,  for any purpose, as inherent
part of this Agreement and should  be executed by the authorized representatives both,
from the  Company and the Bottler.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|IN WITNESS THEREOF, the Company located in
Atlanta, Georgia, U.S.A. and the  Bottler in the City of Guatemala, Guatemala have agreed
on entering this  Agreement in triplicate by means of their authorized representatives.
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|EMBOTELLADORA CENTRAL, S.A. | THE COCA-COLA COMPANY
|--------------------------- | ---------------------



|By: |  | By: | 
|--- |  | --- | 

|Authorized Representative | Authorized Representative
|------------------------- | -------------------------

|Date: |  | Date: | 
|----- |  | ----- | 





| | 27 | 
| | -- | 



---





|Appendix
|--------



|BEVERAGES
|---------



| | Location: GUATEMALA
      Date:  MARCH 18, 2000
| | -----------------------------------------------



|For the purposes of the Bottler Agreement entered by and
      between The Coca-Cola Company and the Bottler signing at the end of this
      document, valid as of MARCH 18, 2000, the Beverages referred to in
      Whereas A herein are as follows:
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|COCA-COLA COCA-COLA LIGHT
FANTASPRITELIFT
|-----------------------------------------



|The description of the Beverages in this
Appendix I replaces all previous  descriptions and Appendixes related to the Beverages
for purposes of Whereas A  of such Bottler Agreement.
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|EMBOTELLADORA CENTRAL, S.A. | THE COCA-COLA COMPANY
|--------------------------- | ---------------------



|By: |  | By: | 
|--- |  | --- | 

|Authorized Representative | Authorized Representative
|------------------------- | -------------------------

|Date: |  | Date: | 
|----- |  | ----- | 



| | 28 | 
| | -- | 



---





|Appendix II
|-----------



|TRADEMARKS
|----------



| | Location: GUATEMALA
      Date:  MARCH 18, 2000
| | -----------------------------------------------



|For the purposes of the Bottler Agreement entered by and
      between The Coca-Cola Company (hereinafter referred to as the Company)
      and the Bottler signing at the end of this document, valid as of MARCH
      18, 2000, the Trademarks of the Company referred to in Whereas B of
      such Agreement are as follows:
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|COCA-COLACOKECOCA-COLA
LIGERACOKE LIGHTFANTASPRITELIFTHI-C
|----------------------------------------------------------



|including all transliterations, requests,
records and copyright of all  commercial presentations related to these Trademarks.
|-----------------------------------------------------------------------------------------------------------------------------



|The description of the Trademarks in this
Appendix II replaces all previous  descriptions and Appendixes related to the Trademarks
for purposes of Whereas B  of such Bottler Agreement.
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|EMBOTELLADORA CENTRAL, S.A. | THE COCA-COLA COMPANY
|--------------------------- | ---------------------



|By: |  | By: | 
|--- |  | --- | 

|Authorized Representative | Authorized Representative
|------------------------- | -------------------------

|Date: |  | Date: | 
|----- |  | ----- | 

| | 29 | 
| | -- | 



---





|Appendix III
|------------



|TERRITORY
|---------



| | Location: GUATEMALA
      Date:  MARCH 18, 2000
| | -----------------------------------------------



|For the purposes of the Bottler Agreement entered by and
      between The Coca-Cola Company and the Bottler signing at the end of this
      document, valid as of MARCH 18, 2000, the Territory referred to in
      Section 1 of such Agreement is as follows:
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|IN THE REPUBLIC OF GUATEMALA, THE CITY OF
GUATEMALA AND ALL THE TERRITORY SURROUNDING IT, STARTING AN IMAGINARY LINE FROM
GRANADOS, DEPARTAMENT OF BAJA VERAPAZ, TOWARDS THE SOUTHEAST UP TO THE INTERSECTION OF
BAJA VERAPAZ, EL PROGRESO AND GUATEMALA DEPARTMENTS. UP TO THE NORTHEAST FOLLOWING
BETWEEN THE DIVISION LINE OF BAJA VERAPAZ AND EL PROGRESO DEPARTMENTS TOWARDS THE
DIVISION LINE BETWEEN ALTA VERAPAZ AND EL PROGRESO DEPARTMENTS, UP TO THE INTERSECTION
OF ALTA VERAPAZ, ZACAPA AND EL PROGRESO DEPARTMENTS. SOUTHWARDS, FOLLOWING THE DIVISION
LINE BETWEEN ZACAPA AND EL PROGRESO DEPARTMENT UNTIL REACHING THE INTERSECTION OF
ZACAPA, EL PROGRESO AND JALAPA DEPARTMENTS, FOLLOWING THE DIVISION LINE BETWEEN ZACAPA
AND JALAPA DEPARTMENTS UP TO THE INTERSECTION OF ZACAPA, JALAPA, AND CHIQUIMULILLA
DEPARTMENTS. GOING SOUTHEASTWARDS, FOLLOWING THE DIVISION LINE BETWEEN JALAPA AND
CHIQUIMULA DEPARTMENTS UP TO THE DIVISION LINE BETWEEN CHIQUIMULA AND JUTIAPA, UP TO THE
BORDER LINE WITH EL SALVADOR. GOING SOUTHEAST, FOLLOWING THE BORDER LINE BETWEEN
GUATEMALA AND EL SALVADOR, UP TO THE PACIFIC OCEAN REACHING GARITA CHAPINA TOWN,
DEPARTAMENT OF JUTIAPA, FOLLOWING THE PACIFIC COAST LINE, TOWARDS THE WEST, UP TO IXTAPA
TOWN, DEPARTAMENT OF ESCUINTLA, AT THE MARIA LINDA OUTLET. GOING NORTH UP TO EL SALTO
TOWN, DEPARTAMENT OF ESCUINTLA, TO THE NORTHEAST UP TO CHIMALTENANGO TOWN, DEPARTAMENT
OF CHIMALTENANGO, AND TOWARDS THE NORTHEAST, UP TO GRANADOS.
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 30 | 
| | -- | 



---





|The description of the Territory in this
Appendix III replaces all previous  descriptions and Appendixes related to the Territory
for purposes of Section 1  of such Bottler Agreement.
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|EMBOTELLADORA CENTRAL, S.A. | THE COCA-COLA COMPANY
|--------------------------- | ---------------------



|By: |  | By: | 
|--- |  | --- | 

|Authorized Representative | Authorized Representative
|------------------------- | -------------------------

|Date: |  | Date: | 
|----- |  | ----- | 

| | 31 | 
| | -- | 



---





|Appendix IV
|-----------



|AUTHORIZED PACKAGES
|-------------------



| | Location: GUATEMALA
      Date:  MARCH 18, 2000
| | -----------------------------------------------



|Pursuant to the provisions stated in Section 2 of the Bottler
      Agreement entered by and between The Coca-Cola Company (hereinafter referred
      to as the Company) and the Bottler signing at the end of this
      document, valid as of MARCH 18, 2000, the Company authorizes the
      Bottler to prepare, distribute and sell the Beverages in the following packages
      that, for the purposes of the Bottler Agreement herein are considered as
      Authorized Packages.
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Beverage  |  | Authorized Package      |  | Net Content                       
|--------- |  | ----------------------- |  | ----------------------------------
|          |  |                         |  |                                   
|COCA-COLA |  | RETORNABLE GLASS BOTTLE |  | CAPACITY 6.5 OZ, 12 OZ, 1⁄2 LT, 1 LT
|FANTA     |  | RETORNABLE GLASS BOTTLE |  | CAPACITY 6.5 OZ, 12 OZ, 1⁄2 LT      
|SPRITE    |  | RETORNABLE GLASS BOTTLE |  | CAPACITY. 12 OZ                   
|LIFT      |  | RETORNABLE GLASS BOTTLE |  | CAPACITY. 12 OZ                   
|COCA-COLA |  | NON-RETORNABLE PET      |  | CAPACITY 600 ML, 1 1⁄2 LT,  2 LT    
|FANTA     |  | NON-RETORNABLE PET      |  | CAPACITY 600 ML, 1 1⁄2 LT,  2 LT    
|SPRITE    |  | NON-RETORNABLE PET      |  | CAPACITY 600 ML, 1 1⁄2 LT,  2 LT    
|LIFT      |  | NON-RETORNABLE PET      |  | CAPACITY 600 ML, 1 1⁄2 LT           



|This authorization replaces all authorizations
entered before by and between the  Company and the Bottler in connection with the subject
matter of this Appendix.
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------

|EMBOTELLADORA CENTRAL, S.A. | THE COCA-COLA COMPANY
|--------------------------- | ---------------------



| | 32 | 
| | -- | 



---







|By: |  | By: | 
|--- |  | --- | 

|Authorized Representative | Authorized Representative
|------------------------- | -------------------------

|Date: |  | Date: | 
|----- |  | ----- | 

| | 33 | 
| | -- | 



---





|Appendix V
|----------



| | Location: GUATEMALA
      Date:  MARCH 18, 2000
| | -----------------------------------------------



|Pursuant to the stated in the Bottler Agreement entered by
      an between The Coca-Cola Company (hereinafter referred to as The Company)
      and the Bottler whose authorized representative signs this Appendix,
      valid as of MARCH 18, 2000, The Company authorizes the
      Bottler to prepare, bottle, distribute, sell or market only
      the non-alcoholic beverages and the packages different from the licensed
      by this Agreement described as follows:
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|SHANGRI-LA |  | RETORNABLE GLASS BOTTLE |  | 12 OZ 
|---------- |  | ----------------------- |  | ------
|SHANGRI-LA |  | PET                     |  | 2 LT  
|AGUA PURA  |  | PLASTIC NON-RETURNABLE  |  | 1/2 LT



|It is acknowledged and agreed by the parties
that the description of the  non-alcoholic beverages and/or their packages in this
Appendix V sustitutes and  replaces any description made before and relevant appendixes
referred to in  Section 17 in the Bottler Agreement.
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|EMBOTELLADORA CENTRAL, S.A. | THE COCA-COLA COMPANY
|--------------------------- | ---------------------



|By: |  | By: | 
|--- |  | --- | 

|Authorized Representative | Authorized Representative
|------------------------- | -------------------------

|Date: |  | Date: | 
|----- |  | ----- | 



| | 34 | 
| | -- | 



---





|EXHIBIT A
|---------



| | Location: GUATEMALA
      Date:  MARCH 18, 2000
| | -----------------------------------------------



|AUTHORIZATION IN CONNECTION
WITH SYRUPS FOR POST-MIX BEVERAGES
|--------------------------------------------------------------



|Pursuant to the provisions stated in Section 3
within the Bottler Agreement  entered by and between The Coca-Cola Company (hereinafter
referred to as the  Company) and the Bottler signing at the end of this
document, valid as of  MARCH 18, 2000, the Company hereby grants a non-exclusive
authorization to the  Bottler so as to prepare, bottle, distribute and sell syrups for
the following  Beverages:
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|COCA-COLACOCA-COLA LIGHT
FANTASPRITELIFT
|----------------------------------------



|(the syrups mentioned above will be referred to
as Post-Mix Syrups in this  Exhibit A) to retailers in the Territory so as to
serve the Beverages through  Post-Mix vending machines at or by the retailers
establishments and also to  operate Post-Mix vending machines and sell the Beverages
directly to the  consumer subject to the following conditions:
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | a. | The
Bottler may not sell Post-Mix Beverages to retailes within  the Territory for their use
in any Post-Mix vending machine or  operate any Post-Mix vending machine unless:
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (i) | There
is an adequate source of fresh water,
| |  | --- | -------------------------------------------

| |  | (ii) | All
Post-Mix vending machines are as those approved  by the Company and comply with all
hygiene  regulations and of any other sort stated by the  Company and communicated in
written form to the  Bottler in connection with the preparation, botling  and sale of the
Post-Mix Syrups; and
| |  | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 35 | 
| | -- | 



---





| |  | (iii) | The
Beverages served by means of Post-Mix vending  machines are strictly adjusted to the
directions for  the preparation of the Post-Mix Syrup Beverages  pursuant to the stated
in written by the Company from  time to time to the Bottler.
| |  | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | b. | The
Bottler will take samples of the Beverages served by means  of the Post-Mix vending
machines operated by retailers to whom  the Bottler has supplied with the Post-Mix Syrups
or those  operated by the Bottler pursuant to the directions and in the  intervals the
Company may communicate in written, and will  submit such samples to the Company for
their inspection, at  its own cost and expense.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | c. | The
Bottler, from its initiative and under its responsibility,  will immediately discontinue
the sale of Post-Mix Syrups to  any retailer who may not comply with the rules stated by
the  Company.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | d. | The
Bottler will discontinue the sale of Post-Mix Beverages to  any retailer whenever it is
notified by the Company that any  of the Beverages supplied by means of such Post-Mix
vending  machines located at or by the retailers establishment do not  comply with
the rules prescribed by the Company for the  Beverages, or that the Post-Mix vending
machines are not of  the sort of those approved by the Company.
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | e. | The
Bottler agrees to:
| | -- | ----------------------

| |  | (i) | Sell and distribute the Post-Mix Syrups only
      in packages approved by the Company and to use on such packages, the tags
      approved by the Company; and
| |  | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (ii) | To influence the retailer so as to persuade
      it to use a regular glass, paper cup or any other package approved by the
      Company bearing the legends and graphic design approved by the Company aiming
      at having the Beverages served to the client adequately identified and served
      in an attractive and hygienic package.
| |  | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | Except for the modified in this Exhibit, all
      terms, covenants and conditions contained in this Bottler Agreement will
      be applied to this complementary authorization for the preparation, bottling,
      distribution and sale of the Post-Mix Beverages and, in such connection,
      it is expressly agreed upon between the parties that the Bottlers
      terms, conditions and obligations as stated in
| |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 36 | 
| | -- | 



---



| |  | the Bottler Agreement will be incorporated into
      it as a reference and that, unless the context states otherwise, any reference
      made in such Agreement to Beverages will also be considered
      as referring to the Post-Mix Syrups for the purposes of this complementary
      authorization granted to the Bottler.
| |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | This authorization may be terminated by any of
      the parties upon ninety (90) days of reception of the relevant anticipated
      notice. Moreover, it is also understood and accepted that this complementary
      authorization will automatically terminate upon maturity or anticipated
      termination of such Bottler Agreement.
| |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|This authorization replaces all authorizations
entered before by and between the  Company and the Bottler in connection with the subject
matter of this Exhibit A.
|------------------------------------------------------------------------------------------------------------------------------------------------------------------

|EMBOTELLADORA CENTRAL, S.A. | THE COCA-COLA COMPANY
|--------------------------- | ---------------------



|By: |  | By: | 
|--- |  | --- | 

|Authorized Representative | Authorized Representative
|------------------------- | -------------------------

|Date: |  | Date: | 
|----- |  | ----- | 



| | 37 | 
| | -- | 



---





|EXHIBIT B
|---------



| | Location: GUATEMALA
      Date:  MARCH 18, 2000
| | -----------------------------------------------



|AUTHORIZATION IN CONNECTION WITH CARBONATED
FROZEN BEVERAGES
|------------------------------------------------------------



|Pursuant to the provisions stated in Section 3 within the
      Bottler Agreement entered by and between The Coca-Cola Company (hereinafter
      referred to as the Company) and the Bottler signing at the end
      of this document, valid as of MARCH 18, 2000, the Company hereby
      grants a non-exclusive authorization to the Bottler so as to distribute
      and sell Syrups for the following Beverages:
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|FANTA
|-----



|(such Beverages will hereinafter be referred to
as Carbonated Frozen Beverages to retailers within the Territory (as defined
in the Bottler Agreement)to be  used in the preparation of Carbonated Frozen Beverages
supplied by means of  mechanic equipments (hereinafter referred to as Machines for
Carbonated Frozen  Beverages at or joined to the retailers establishments and
also to operate  such Machines for Carbonated Frozen Beverages and sell the Carbonated
Frozen  Beverages supplied directly to the consumers subject to the following  conditions:
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 1. | The
Bottler acknowledges that the Machines for the  Carbonated Frozen Beverages are those
mixing the  Syrups with carbonated water in specific proportions,  freeze the mix to a
specific consistence and supply  the Carbonated Frozen Beverages in glasses, cups or
similar containers for immediate consumption by the  consumer at the sales point.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 2. | The
Bottler will follow, upon preparing the Syrups  and Carbonated Frozen Beverages, the
specifications  and directions established from time to time by the  Company in
connection with the Bottler Agreement  including any complementary direction estated by
the  Company related to the Carbonated Frozen Beverages.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 38 | 
| | -- | 



---





| | 3. | The
Bottler may neither sell the Syrups to retailers  to be used in any of the Machines for
Carbonated  Frozen Beverages nor operate any Machine for  Carbonated Frozen Beverages
unless:
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (a) | There
is an adequate source of fresh water;
| |  | --- | -------------------------------------------

| |  | (b) | The
Machine for Carbonated Frozen Beverages  is appropriate pursuant to the type approved  by
the Company and in connection with all  hygiene measures and others stated by the
Company in written related to the  preparation, bottling and sale of the  Carbonated
Frozen Beverages; and
| |  | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (c) | The
Carbonated Frozen Beverages supplied by  means of the Machines for Carbonated Frozen
Beverages are prepared using a proportion of  water/syrup just as determined by the
Company, in strict compliance of the  directions issued for the purpose of  preparing the
Carbonated Frozen Beverages as  stated in written by the Bottler from time  to time by
the Company.
| |  | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4. | The
Bottler will take samples of the Carbonated  Frozen Beverages suplied by means of the
Machines for  Carbonated Frozen Beverages operated by retailers to  whom the Bottler has
supplied the Syrups or those  operated by the Bottler pursuant to such direction  and in
such intervals as it may be notified in  written by the Company and will submit such
samples  to the Company for their inspection, at the Bottlers  cost and expense.
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 5. | The
Bottler will maintain adequate personnel properly  trained to conduct periodical
inspections at  reasonable intervals to the Machines for Carbonated  Frozen Beverages
operated by the retailers to whom  the Bottler has supplied the Syrups. In connection
with such Machines for Carbonated Frozen Beverages  for which the Bottler has conducted
the relevant  maintenance activities, the Bottler will make sure  that:
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (a) | the
directions issued by the Company are fully  observed; and
| |  | --- | -------------------------------------------------------------

| |  | (b) | the
Carbonated Frozen Beverage strictly complies  with the standards established by the
Company.
| |  | --- | ------------------------------------------------------------------------------------------------



| | 39 | 
| | -- | 



---





| | 6. | The
Bottler, at its own initiative and  responsibility, will immediately discontinue the sale
of Syrups to any retailer that would use them in a  Machine for Carbonated Frozem
Beverages that the  Bottler may find out complies not with the standards  issued by the
Company.
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 7. | The
Bottler will discontinue the sale of Syrups for  the Carbonated Frozen Beverages to any
retailer upon  being notified by the Company that the Carbonated  Frozen Beverage
supplied by means of a Machine for  Carbonated Frozen Beverages located or attached to
the retailers facilities comply not with the  standards issued by the Company for
the Carbonated  Frozen Beverage or that the Machine for Carbonated  Frozen Beverage is
not the one approved by the  Company.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 8. | The
Bottler agrees to:
| | -- | ----------------------

| |  | (a) | Sell
and distribute the Syrups for the  Carbonated Frozen Beverages only in the  packages and
labelling that may be approved  by the Company from time to time.
| |  | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (b) | To
influence the retailer so as to persuade  it to use a regular glass cup, paper cup or
any other package approved by the Company  bearing the trademark approved by the  Company
aiming at having the Carbonated  Frozen Beverages served to the client  adequately
identified as a frozen beverage  served in an attractive and hygienic  package.
| |  | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Exceptfor
      the modified in this Exhibit, all terms, covenants and conditions contained
      in this Bottler Agreement will be applied to this complementary authorization
      for the preparation, bottling, distribution and sale of the Syrups and Carbonated
      Frozen Beverages and, in such connection, it is expressly agreed upon between
      the parties that the Bottlers terms, conditions and obligations as
      stated in the Bottler Agreement will be incorporated into it as a reference
      and that, unless the context states otherwise, any reference made in such
      Agreement to Beverages will also be considered as referring
      to the Carbonated Frozen Beverages for the purposes of this
      complementary authorization granted to the Bottler.
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Thisauthorization
      may be terminated by any of the parties upon ninety (90) days after reception
      of written notification. Likewise, it will also terminate in an
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 40 | 
| | -- | 



---





|automaticmanner
      upon expiration or anticipated termination of such Bottler Agreement.
|-------------------------------------------------------------------------------------------



|This authorization replaces all authorizations
entered before by and between the  Company and the Bottler in connection with the subject
matter of this Exhibit E.
|------------------------------------------------------------------------------------------------------------------------------------------------------------------

|EMBOTELLADORA CENTRAL, S.A. | THE COCA-COLA COMPANY
|--------------------------- | ---------------------



|By: |  | By: | 
|--- |  | --- | 

|Authorized Representative | Authorized Representative
|------------------------- | -------------------------

|Date: |  | Date: | 
|----- |  | ----- | 

| | 41 | 
| | -- | 



---





|EXHIBIT C
|---------



|COMPLEMENTARY DISTRIBUTION
AUTHORIZATION
|----------------------------------------



| | Location: GUATEMALA
      Date:  MARCH 18, 2000
| | -----------------------------------------------



|Pursuant to the provisions in Section 3 of the
Bottler Agreement entered by and  between The Coca-Cola Company (hereinafter referred to
as the Company) and the  Bottler signing at the end of this document, valid
as of MARCH 18, 2000, the  Company is hereby granting a complementary authorization so as
to purchase from  the Company, or from whoever it may appoint, the Beverages in the
following  packages (hereinafter referred to as the Authorized Packages) for
their sale  and distribution within the Territory described in the Bottler Agreement:
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|BEVERAGES NET   |  | AUTHORIZED PACKAGES |  | AGREEMENT  
|--------------- |  | ------------------- |  | -----------
|COCA-COLA       |  | CAN                 |  | 12 OZ, 2 LT
|COCA-COLA LIGHT |  | CAN                 |  | 12 OZ, 2 LT
|FANTA           |  | CAN                 |  | 12 OZ, 2 LT
|SPRITE          |  | CAN                 |  | 12 OZ, 2 LT
|HI-C            |  | TETRA BRIK          |  | 250 ML     

|Subject to the following conditions:
|------------------------------------

| | a) | This
authorization may be terminated by any of the parties by  means of written notification
provided with ninety (90) days  notice and will automatically end, with no need for
summons or  notification of expiration or anticipated termination of the  Bottler
Agreement whatsoever.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | b) | Upon
maturity or cancellation of this authorization, the  Bottler will immediately discontinue
the sale and/or  distribution of the Beverages in the Authorized Containers  within the
Territory.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 42 | 
| | -- | 



---





| | c) | Except
for the amended in this Exhibit, the stipulations,  covenants, agreements, terms,
conditions and provisions within  such Bottler Agreement will be applied to and will be
valid in  full in connection with this complementary authorization.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|This authorization replaces all authorizations
entered before by and between the  Company and the Bottler in connection with the subject
matter of this Exhibit G.
|------------------------------------------------------------------------------------------------------------------------------------------------------------------

|EMBOTELLADORA CENTRAL, S.A. | THE COCA-COLA COMPANY
|--------------------------- | ---------------------



|By: |  | By: | 
|--- |  | --- | 

|Authorized Representative | Authorized Representative
|------------------------- | -------------------------

|Date: |  | Date: | 
|----- |  | ----- | 

| | 42 | 
| | -- | 



---