Exhibit 4.8


 





 


COCA-COLA
PLAZA ATLANTA, GEORGIA


 


ADDRESS REPLY TO


 


P.O. BOX 1734


ATLANTA, GA 30301


404-676-2121


 


March 1, 2021


 


PARAGUAY REFRESCOS S.A.


Ruta a Ñemby Km. 3,5,
Barcequillo, San Lorenzo


Asunción


Sudan


 


Greetings:


 


Reference is made to the Bottler’s
Agreement effective September 1, 2015, by and between THE COCA-COLA COMPANY (hereinafter the “Company”) and PARAGUAY REFRESCOS
S.A. (hereinafter the “Bottler”), authorizing the Bottler to prepare and package the Beverage COCA-COLA and any ancillary
authorizations for other Company Beverages for sale and distribution under the Trade Marks in the specified Territory granted by the Company
to the Bottler (hereinafter collectively referred to as the “Bottler’s Agreements”). The terms used herein have the
same meaning assigned to them as in the Bottler’s Agreements unless otherwise specifically stated.


 


The terms of the Bottler’s Agreements are hereby
extended from March 1, 2021, the date of expiration thereof, to


 


March 1, 2022


 


Except as herein
modified, said Bottler's Agreements and all of its stipulations, covenants, agreements, terms, conditions and provisions, shall
continue in full force and effect, provided they shall finally terminate on March 1, 2022, without the right of a tacit renewal
being claimed by you.


 


Please indicate your agreement
by signing and returning the enclosed two duplicates hereof.


 


	Sincerely,	Accepted:
	THE COCA-COLA COMPANY	PARAGUAY REFRESCOS
                                            S.A.
	 	 
	By:	 	By:	 
	 	Authorized Representative	 	Authorized Representative



 


Classified - Confidential


 






     


     


    

 


Schweppes
Holdings Limited Southgate,

 Dublin Road, Drogheda, Co. Meath, A92YK7W, Ireland Tel: +353-

41 9849322                    Fax: +353-41 9846434


 


January 29, 2021


 


PARAGUAY REFRESCOS S.A.


Ruta a Ñemby Km. 3,5, Barcequillo,
San Lorenzo


Asunción


Sudan


 


Greetings:


 


Reference is made to the Bottler’s
Agreement effective September 1, 2015, by and between SCHWEPPES HOLDINGS LIMITED (hereinafter the “Company”) and PARAGUAY
REFRESCOS S.A. (hereinafter the “Bottler”), authorizing the Bottler to prepare and package the Beverage SCHWEPPES and any
ancillary authorizations for other Company Beverages for sale and distribution under the Trade Marks in the specified Territory granted
by the Company to the Bottler (hereinafter collectively referred to as the “Bottler’s Agreements”). The terms used herein
have the same meaning assigned to them as in the Bottler’s Agreements unless otherwise specifically stated.


 


The terms of the Bottler’s Agreements
are hereby extended from March 1, 2021, the date of expiration thereof, to


 


March 1, 2022


 


Except as herein modified, said Bottler's
Agreements and all of its stipulations, covenants, agreements, terms, conditions and provisions, shall continue in full force and effect,
provided they shall finally terminate on March 1, 2022, without the right of a tacit renewal being claimed by you.


 


Please indicate your agreement by signing
and returning the enclosed two duplicates hereof.


 


	Sincerely,	Accepted:
	SCHWEPPES HOLDINGS LIMITED	PARAGUAY REFRESCOS S.A.
	 	 
	By:	 	By:	 
	 	Authorized Representative	 	Authorized Representative


 


Registered Office: Southgate,
Dublin Road, Drogheda, Co. Meath, A92YK7W, Ireland


A limited liability company
registered in the Republic of Ireland: 128999


An
up-to-date list of names of every company director, containing the particulars indicated in paragraphs (a), (b) and (c) of Section
151 (1) of the Companies Act 2014, is available on application from the company’s registered offic


 


Classified - Confidential