Document:

Form of Debt Warrant Agreement

 EXHIBIT 4.3 
 Form of Debt Warrant Agreement 

 COCA-COLA ENTERPRISES INC. 
 and 
  

 As Warrant Agent 
  

WARRANT AGREEMENT 
 Dated as of
                             , 20     
  

  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	 Parties
	  	
	 Recital
	  	
			
		  	
ARTICLE I. 	  	
			
		  	 
ISSUANCE, EXECUTION AND COUNTERSIGNATURE
OF WARRANT CERTIFICATES. 
	  	
	 Section 1.01.
	  	
Issuance of Warrant Certificates	  	1
	 Section 1.02.
	  	
Form of Warrant Certificates	  	2
	 Section 1.03.
	  	
Execution and Countersignature of Warrant Certificates	  	2
	 Section 1.04.
	  	
Temporary Warrant Certificates	  	3
	 Section 1.05.
	  	
Payment of Taxes	  	3
	 Section 1.06.
	  	
Definition of Holder	  	4
			
		  	 
ARTICLE II. 
  
	  	
		  	
WARRANT PRICE, DURATION AND EXERCISE OF WARRANTS. 	  	
			
	 Section 2.01.
	  	
Warrant Price	  	4
	 Section 2.02.
	  	
Duration of Warrants	  	5
	 Section 2.03.
	  	
Exercise of Warrants	  	5
			
		  	 
ARTICLE III. 
  
	  	
		  	
[REGISTRATION;] EXCHANGE, TRANSFER AND
SUBSTITUTION OF WARRANT CERTIFICATES. 	  	
			
	 Section 3.01.
	  	
[Registration;] Exchange and Transfer of Warrant Certificates	  	6
	 Section 3.02.
	  	
Mutilated, Destroyed, Lost or Stolen Warrant Certificates	  	7
	 Section 3.03.
	  	
Persons Deemed Owners	  	8
	 Section 3.04.
	  	
Cancellation of Warrant Certificates	  	8
			
		  	 
ARTICLE IV. 
  
	  	
		  	
OTHER PROVISIONS RELATING TO RIGHTS OF HOLDERS OF WARRANT CERTIFICATES. 	  	
			
	 Section 4.01.
	  	
No Rights as Holders of Warrant Debt Securities Conferred by Warrants or Warrant Certificates 	  	9

  

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	 Section 4.02.
	  	
Holder of Warrant Certificate May Enforce Rights 	  	9
			
		  	
ARTICLE V. 	  	
			
		  	
CONCERNING THE WARRANT AGENT. 	  	
	 Section 5.01.
	  	
Warrant Agent	  	9
	 Section 5.02.
	  	
Conditions of Warrant Agent’s Obligations	  	9
	 Section 5.03.
	  	
Resignation, Removal and Appointment of Successor	  	12
			
		  	
ARTICLE VI. 	  	
			
		  	
MISCELLANEOUS. 	  	
			
	 Section 6.01.
	  	
Consolidations and Mergers of Coca-Cola Enterprises Inc, and Sales, Leases and Conveyances Permitted Subject to Certain Conditions	  	13
	 Section 6.02.
	  	
Rights and Duties of Successor Corporation	  	13
	 Section 6.03.
	  	
Amendment	  	14
	 Section 6.04.
	  	
Notices and Demands to the Company and Warrant Agent	  	14
	 Section 6.05.
	  	
Addresses	  	14
	 Section 6.06.
	  	
Governing Law	  	14
	 Section 6.07.
	  	
Delivery of Prospectus	  	14
	 Section 6.08.
	  	
Obtaining of Governmental Approvals	  	15
	 Section 6.09.
	  	
Persons Having Rights under Warrant Agreement	  	15
	 Section 6.10.
	  	
Headings	  	15
	 Section 6.11.
	  	
Counterparts	  	15
	 Section 6.12.
	  	
Inspection of Agreement	  	15
	 Testimonium
	  	
	 
Signatures 
	  	16
	 
Exhibit A – Form of Warrant Certificate 
	  	A-1

  

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 THIS WARRANT AGREEMENT, dated as of
                     20    , between Coca-Cola Enterprises Inc., a corporation duly organized and existing under
the laws of the State of Delaware (the “Company”) and                     , a [corporation] [national banking association] organized
and existing under the laws of                     , as Warrant Agent (herein called the “Warrant Agent”). 
 WHEREAS, the Company has entered into an Indenture dated as of
                    , 2007 (the “Indenture”) with Deutsche Bank Trust Company Americas, as trustee (such trustee, and any successors
to such trustee, herein called the “Trustee”), providing for the issuance from time to time of its unsecured and unsubordinated debentures, notes or other evidences of senior indebtedness, to be issued in one or more series as provided in
the Indenture; 
 WHEREAS, the Company proposes to sell [If offered Debt Securities and Warrants — [title of Debt Securities
being offered] (the “Offered Debt Securities”) with] warrant certificates (such warrant certificates and other warrant certificates issued pursuant to this Agreement herein called the “Warrant Certificates”) evidencing one or
more warrants (the “Warrants” or, individually, a “Warrant”) representing the right to purchase [title of Debt Securities purchasable through exercise of Warrants] (the “Warrant Debt Securities”); and 
 WHEREAS, the company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the
issuance, exchange, exercise and replacement of the Warrant Certificates, and in this Agreement wishes to set forth, among other things, the form and provisions of the Warrant Certificates and the terms and conditions on which they may be issued,
exchanged, exercised and replaced; 
 NOW, THEREFORE, in consideration of the premises and of the mutual agreements herein contained,
the parties hereto agree as follows: 
 
ARTICLE I. 
 
ISSUANCE, EXECUTION AND COUNTERSIGNATURE OF WARRANT CERTIFICATES. 
 
Section 1.01. Issuance of Warrant Certificates. [If Warrants alone — Upon issuance, each Warrant Certificate shall evidence one or more Warrants.] [If Offered Debt Securities and Warrants — Warrant
Certificates shall be [initially] issued in units with the Offered Debt Securities and shall [not] be separately transferable [before
                    , 20     (the “Detachable 
  

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 Date”)]. The Warrant Certificate or Certificates included in each such unit shall evidence an aggregate of
                     Warrants for each $             principal amount of
Offered Debt Securities included in such unit.] Each Warrant evidenced thereby shall represent the right, subject to the provisions contained herein and therein, to purchase Warrant Debt Securities in the aggregate principal amount of
$            . 
 
Section 1.02.    Form of Warrant Certificates. The Warrant Certificates (including the Form[s] of Exercise [and Assignment] to be set forth on the reverse thereof) shall be in substantially
the form set forth in Exhibit A hereto, shall be printed, lithographed or engraved on steel engraved borders (or in any other manner determined by the officers executing such Warrant Certificates, as evidenced by their execution of such Warrant
Certificates) and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or
regulation of any securities exchange on which the Warrant Certificates may be listed or as may, consistently herewith, be determined by the officers executing such Warrant Certificates, as evidenced by their execution of the Warrant Certificates.

 
Section 1.03.    Execution and Countersignature of Warrant Certificates. The Warrant Certificates shall be executed on behalf of the Company by its Chairman of the Board, President, officer
serving as Chief Financial Officer or its Treasurer under its corporate seal reproduced thereon attested by its Secretary or one of its Assistant Secretaries. The signature of any of these officers on the Warrant Certificates may be manual or
facsimile. 
 Warrant Certificates evidencing the right to purchase an aggregate principal amount not exceeding
$             of Warrant Debt Securities (except as provided in Sections 1.04, 2.03 (c), 3.01 and 3.02) may be executed by the Company and delivered to the Warrant Agent upon the
execution of this Warrant Agreement or from time to time thereafter. The Warrant Agent shall, upon receipt of Warrant Certificates duly executed on behalf of the Company, authenticate Warrant Certificates evidencing Warrants representing the right
to purchase up to $             aggregate principal amount of Warrant Debt Securities and shall deliver such Warrant Certificates to or upon the order of the Company. Subsequent to
such original issuance of the Warrant Certificates, the Warrant Agent shall authenticate a Warrant Certificate only if the Warrant Certificate is issued in exchange or substitution for one or more previously authenticated Warrant Certificates [If
registered Warrants — or in connection with their transfer], as hereinafter provided. 
  

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 Each Warrant Certificate shall be dated the date of its authentication by the Warrant Agent. 

No Warrant Certificate shall be entitled to any benefit under this Agreement or be valid or obligatory for any purpose, and no Warrant evidenced
thereby shall be exercisable, until such Warrant Certificate has been authenticated by the manual signature of the Warrant Agent. Such signature by the Warrant Agent upon any Warrant Certificate executed by the Company shall be conclusive evidence,
and the only evidence, that the Warrant Certificate so authenticated has been duly issued hereunder. 
 Warrant Certificates bearing the
manual or facsimile signatures of individuals who were at any time the proper officers of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior-to the authentication and
delivery of such Warrant Certificates or did not hold such offices at the date of such Warrant Certificates. 
 
Section 1.04.    Temporary Warrant Certificates. Pending the preparation of definitive Warrant Certificates, the Company may execute, and upon the order of the Company the Warrant Agent
shall authenticate and deliver, temporary Warrant Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced substantially of the tenor of the definitive Warrant Certificates in lieu of which they are issued and
with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Warrant Certificates may determine, as evidenced by their execution of such Warrant Certificates. 
 If temporary Warrant Certificates are issued, the Company will cause definitive Warrant Certificates to be prepared without unreasonable delay. After the
preparation of definitive Warrant Certificates, the temporary Warrant Certificates shall be exchangeable for definitive Warrant Certificates upon surrender of the temporary Warrant Certificates at the corporate trust office of the Warrant Agent [or
                    ], without charge to the Holder. Upon surrender for cancellation of any one or more temporary Warrant Certificates the
Company shall execute and the Warrant Agent shall authenticate and deliver in exchange therefor definitive Warrant Certificates representing the same aggregate number of Warrants. Until so exchanged, the temporary Warrant Certificates shall in all
respects be entitled to the same benefits under this Agreement as definitive Warrant Certificates. 
 
Section 1.05.    Payment of Taxes. The Company will pay all stamp taxes and other duties, if any, to which, under the laws of the United States of America or any state or political
subdivision 
  

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 thereof, this Agreement or the original issuance of the Warrant Certificates may be subject. 

Section 1.06.    Definition of Holder. The term “Holder” as used herein shall mean [If Offered Debt Securities and Warrants which are not immediately detachable —,
prior to the Detachable Date, the [bearer] [registered owner] of the Offered Debt Security to which such Warrant Certificate was initially attached, and, after such Detachable Date,] [the bearer of such Warrant Certificate] [the person in whose name
at the time such Warrant Certificate shall be registered upon the books to be maintained by the Warrant Agent for that purpose pursuant to Section 3.01]. [If Offered Debt Securities and Warrants which are not immediately detachable
— Prior to the Detachable Date, the Company will, or will cause the registrar of the Offered Debt Securities to make available to the Warrant Agent current information as to Holders of the Offered Debt Securities.] 
 
ARTICLE II. 
 
WARRANT PRICE, DURATION AND EXERCISE OF WARRANTS. 
 
Section 2.01.    Warrant Price.1 During the period from
                    , 20     through and including
                    , 20     each warrant shall entitle the Holder thereof, subject to the provisions of this
Agreement, to purchase from the Company the principal amount of Warrant Debt Securities stated in the Warrant Certificate at the exercise price of         % of the principal amount thereof [plus accrued
amortization, if any, of the original issue discount of the Warrant Debt Securities] [plus accrued interest, if any, from the most recent date from which interest shall have been paid on the Warrant Debt Securities or, if no interest shall have been
paid on the Warrant Debt Securities, from                     , 20    ]. During the period from
                    , 20     through and including
                    , 20    , each Warrant shall entitle the Holder thereof, subject to the provisions of this
Agreement, to purchase from the Company the principal amount of Warrant Debt Securities stated in the Warrant Certificate at the exercise price of         % of the principal amount thereof [plus accrued
amortization, if any, of the original issue discount of the Warrant Debt Securities] [plus accrued interest, if any, from the most recent date from which interest shall have been paid on the Warrant Debt Securities or, if no interest shall have been
paid on the Warrant Debt Securities, from                     , 20    ]. [In each case, the original issue discount
($            for each $1,000 

	 1
	 Complete and modify the provisions of this Section as appropriate to reflect the
exact terms of the Warrants and the Warrant Debt Securities. 

  

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principal amount of Warrant Debt Securities; will be amortized at a         % annual rate, computed on
a[n] [semi-] annual basis [using a 360-day year consisting of twelve 30-day months].] Such exercise price of each Warrant is referred to in this Agreement as the “Exercise Price.” 
 
Section 2.02.    Duration of Warrants. Any warrant evidenced by a Warrant Certificate may be exercised at any time, as specified herein, on or after [the date thereof]
[                    , 20    ] and at or before the close of business on
                    , 20         (the “Expiration Date”). Each Warrant not
exercised at or before the close of business on the Expiration Date shall become void, and all rights of the Holder of the Warrant Certificate evidencing such Warrant under this Agreement or otherwise shall cease. 
 
Section 2.03.    Exercise of Warrants. (a) During the period specified in Section 2.02, any whole number of Warrants may be exercised by surrendering the Warrant Certificate
evidencing such Warrants at the place or at the places set forth in the Warrant Certificate, with the purchase form set forth in the Warrant Certificate duly executed, accompanied by payment in full, in lawful money of the United States of America,
[in cash or by certified check or official bank check in New York Clearing House funds] [by bank wire transfer in immediately available funds], of the Exercise Price for each Warrant exercised. The date on which payment in full of the Exercise Price
for a Warrant and the duly executed and completed Warrant Certificate are received by the Warrant Agent shall be deemed to be the date on which such Warrant is exercised. The Warrant Agent shall deposit all funds received by it as payment for the
exercise of Warrants to the account of the Company maintained with it for such purpose and shall advise the Company by telephone at the end of each day on which such a payment is received of the amount so deposited to its account. The Warrant Agent
shall promptly confirm such telephonic advice to the Company in writing. 
 (b) The Warrant Agent shall from time to time, as promptly as
practicable after the exercise of any Warrants in accordance with the terms and conditions of this Agreement and the Warrant Certificates, advise the Company and the Trustee of (i) the number of Warrants so exercised, (ii) the instructions
of each Holder of the Warrant Certificates evidencing such Warrants with respect to delivery of the Warrant Debt Securities to which such Holder is entitled upon such exercise, and instructions of such Holder as to delivery of Warrant Certificates
evidencing the balance, if any, of the Warrants remaining after such exercise, and (iii) such other information as the Company or the Trustee shall reasonably require. 
  

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 (c) As soon as practicable after the exercise of any Warrants, the Company shall issue, pursuant to the
Indenture, in authorized denominations, to or upon the order of the Holder of the Warrant Certificate evidencing such Warrants, the Warrant Debt Security or Warrant Debt Securities to which such Holder is entitled in [fully registered form,
registered in such name or names as may be directed by such Holder] [bearer form]; and, if fewer than all of the Warrants evidenced by such Warrant Certificate were exercised, the Company shall execute and an authorized officer of the Warrant Agent
shall manually authenticate and deliver a new Warrant Certificate evidencing the number of Warrants remaining unexercised. [Unless otherwise instructed by the Company, Warrant Debt Securities in bearer form shall be delivered to or upon the order of
the Holder of such Warrant Certificate only outside the United States, its territories and possessions and all areas subject to its jurisdiction.] 
 (d) The Company shall not be required to pay any stamp or other tax or other governmental charge required to be paid in connection with any transfer involved in the issue of the Warrant Debt Securities; and in the event that any such
transfer is involved, the Company shall not be required to issue or deliver any Warrant Debt Securities until such tax or other charge shall have been paid or it has been established to the Company’s satisfaction that no such tax or other
charge is due. 
 
ARTICLE III. 
 
[REGISTRATION;] EXCHANGE, TRANSFER AND 
 SUBSTITUTION OF WARRANT CERTIFICATES. 
 
Section 3.01.    [Registration;] Exchange and Transfer of Warrant Certificates. [If registered Warrants — The Warrant Agent shall keep, at its corporate trust office [and at
                    ], books in which, subject to such reasonable regulations as it may prescribe, it shall register Warrant Certificates and
transfers of outstanding Warrant Certificates.] 
 [If Offered Debt Securities and Warrants which are not immediately detachable
— Prior to the Detachable Date, a Warrant Certificate may be exchanged or transferred only together with the Offered Debt Security to which such Warrant Certificate was initially attached, and only for the purpose of affecting, or in
conjunction with, an exchange or transfer of such Offered Debt Security. Additionally, on or prior to the Detachable Date, each transfer of an Offered Debt Security [on the register of the Offered Debt Securities] shall operate also to transfer the
Warrant Certificate or Certificates to which such Offered Debt Security was initially attached. After the Detachable Date, upon] [If 
  

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Offered Debt Securities and Warrants which are immediately detachable or if Warrants alone — Upon] surrender at the corporate trust office of the
Warrant Agent [or                     ] of Warrant Certificates properly endorsed [or accompanied by appropriate instruments of transfer] and
accompanied by written instructions for [transfer or] exchange, all in form satisfactory to the Company and the Warrant Agent, such Warrant Certificates may be exchanged for other Warrant Certificates [If registered Warrants — or may be
transferred in whole or in part]; provided that Warrant Certificates issued in exchange for [or upon transfer of] surrendered Warrant Certificates shall evidence the same aggregate number of Warrants as the Warrant Certificates so surrendered. No
service charge shall be made for any exchange [or transfer] of Warrant Certificates, but the Company may require payment of a sum sufficient to cover any stamp or other tax or governmental charge that may be imposed in connection with any such
exchange [or transfer]. Whenever any Warrant Certificates are so surrendered for exchange [or transfer], the Company shall execute and an authorized officer of the Warrant Agent shall manually authenticate and deliver to the person or persons
entitled thereto a Warrant Certificate or Warrant Certificates as so requested. The Warrant Agent shall not be required to effect any exchange [or transfer] which would result in the issuance of a Warrant Certificate evidencing a fraction of a
Warrant or a number of full Warrants and a fraction of a Warrant. All Warrant Certificates issued upon any exchange [or transfer] of Warrant Certificates shall evidence the same obligations, and be entitled to the same benefits under this Agreement,
as the Warrant Certificates surrendered for such exchange [or transfer]. 
 
Section 3.02.    Mutiliated, Destroyed, Lost or Stolen Warrant Certificates. If any mutilated Warrant Certificate is surrendered to the Warrant Agent, the Company shall execute and an
officer of the Warrant Agent shall manually authenticate and deliver in exchange therefor a new Warrant Certificate of like tenor and principal amount and bearing a number not contemporaneously outstanding. If there shall be delivered to the Company
and the Warrant Agent (i) evidence to their satisfaction of the destruction, loss or theft of any Warrant Certificate and of the ownership thereof and (ii) such security or indemnity as may be required by them to save each of them and any
agent of either of them harmless, then, in the absence of notice to the Company or the Warrant Agent that such Warrant Certificate has been acquired by a bona fide purchaser, the Company shall execute and upon its request an officer of the Warrant
Agent shall manually authenticate and deliver, in lieu of any such destroyed, lost or stolen Warrant Certificate, a new Warrant Certificate of like tenor and principal amount and bearing a number not contemporaneously outstanding. Upon the issuance
of any new Warrant Certificate under this Section, the Company may require the payment of a sum sufficient 
  

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 to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including
the fees and expenses of the Warrant Agent) connected therewith. Every new Warrant Certificate issued pursuant to this Section in lieu of any destroyed, lost or stolen Warrant Certificate shall evidence an original additional contractual obligation
of the Company, whether or not the destroyed, lost or stolen Warrant Certificate shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Agreement equally and proportionately with any and all other Warrant
Certificates duly issued hereunder. The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Warrant
Certificates. 
 
Section 3.03.    Persons Deemed Owners. [If offered Debt Securities and Warrants which are not immediately detachable — prior to the Detachable Date, the Company, the Warrant
Agent and all other persons may treat the owner of any Offered Debt Security as the owner of the Warrant Certificates initially attached thereto for any purpose and as the person entitled to exercise the rights represented by the Warrants evidenced
by such Warrant Certificates, any notice to the contrary notwithstanding. After the Detachable Date,] [If registered Warrants — and prior to due presentment of a Warrant Certificate for registration of transfer,] the Company, the Warrant
Agent and all other persons may treat the Holder as the owner thereof for any purpose and as the person entitled to exercise the rights represented by the Warrants evidenced thereby, any notice to the contrary notwithstanding. 
 
Section 3.04.    Cancellation of Warrant Certificates. Any Warrant Certificate surrendered for exchange [, transfer] or exercise of the Warrants evidenced thereby shall, if surrendered to
the Company, be delivered to the Warrant Agent, and [If Warrant Certificates are issued in bearer form —, except as provided below,] all Warrant Certificates surrendered or so delivered to the Warrant Agent shall be promptly cancelled by
it and shall not be reissued and, except as expressly permitted by this Agreement, no Warrant Certificate shall be issued hereunder in lieu or in exchange thereof. [If Warrant Certificates are issued in bearer form — Warrant Certificates
delivered to the Warrant Agent in exchange for Warrant Certificates of other denominations may be retained by the Warrant Agent for reissue as authorized hereunder.] The Company may at any time deliver to the Warrant Agent for cancellation any
Warrant Certificates previously issued hereunder which the Company may have acquired in any manner whatsoever, and all Warrant Certificates so delivered shall be promptly cancelled by the Warrant Agent. All cancelled Warrant Certificates held by the
Warrant Agent shall be destroyed by it unless by written order the Company requests their return to it. 
  

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ARTICLE IV. 
 
OTHER PROVISIONS RELATING TO RIGHTS 
 OF HOLDERS OF WARRANT CERTIFICATES. 
 
Section 4.01.    No Rights as Holders of Warrant Debt Securities Conferred by Warrants or Warrant Certificates. No Warrant Certificate or Warrant evidenced thereby shall entitle the Holder
thereof to any of the rights of a Holder of the Warrant Debt Securities, including, without limitation, the right to receive the payment of principal of (or premium, if any) or interest, if any, on the Warrant Debt Securities or to enforce any of
the covenants in the Indenture. 
 
Section 4.02.    Holder of Warrant Certificate May Enforce Rights. Notwithstanding any of the provisions of this Agreement, any Holder of any Warrant Certificate, without the consent of the
Warrant Agent, the Trustee, the holder of any Warrant Debt Securities or the Holder of any other Warrant Certificate, may, on his own behalf and for his own benefit, enforce, and may institute and maintain any suit, action or proceeding against the
Company suitable to enforce or otherwise in respect of, his right to exercise the Warrant or Warrants evidenced by his Warrant Certificate in the manner provided in the Warrant Certificates and in this Agreement. 
 
ARTICLE V. 
 
CONCERNING THE WARRANT AGENT. 
 
Section 5.01.    Warrant Agent. The Company hereby appoints                     
as Warrant Agent of the Company in respect of the Warrants and the Warrant Certificates upon the terms and subject to the conditions herein set forth, and
                     hereby accepts such appointment. The Warrant Agent shall have the power and authority granted to and conferred upon it in
the Warrant Certificates and hereby and such further power and authority to act on behalf of the Company as the Company may hereafter grant to or confer upon it. All of the terms and provisions with respect to such power and authority contained in
the Warrant Certificates are subject to and governed by the terms and provisions hereof. 
 
Section 5.02.    Conditions of Warrant Agent’s Obligations. The Warrant Agent accepts its obligations herein set forth, upon the terms and conditions hereof, including the following,
to all of which the Company agrees and to all of which the rights hereunder of the Holders from time to time of the Warrant Certificates shall be subject: 
 (a)    Compensation and Indemnification. The Company agrees promptly to pay the Warrant Agent the compensation to be agreed upon with the Company for all services rendered by the Warrant
Agent and to reimburse the Warrant Agent for reasonable 

  

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out-of-pocket expenses (including counsel fees) incurred by the Warrant Agent in connection with the services rendered hereunder by the Warrant Agent. The
Company also agrees to indemnify the Warrant Agent for, and to hold it harmless against, any loss, liability or expense incurred without negligence or bad faith on the part of the Warrant Agent, arising out of or in connection with its acting as
such Warrant Agent hereunder, including the costs and expenses of defending itself against any claim or liability in connection with the exercise or performance at any time of its powers or duties hereunder. The obligations of the Company under this
subsection (a) shall survive the exercise of the Warrant Certificates and the resignation or removal of the Warrant Agent. 
 (b)    Agent for the Company. In acting under this Warrant Agreement and in connection with the Warrant Certificates, the Warrant Agent is acting solely as agent of the Company and does not assume any obligation
or relationship of agency or trust for or with any of the owners or Holders of the Warrant Certificates. 
 (c)    Counsel. The Warrant Agent may consult with counsel, which may include counsel for the Company, and the written advice of such counsel shall be full and complete authorization and protection in respect of
any action taken, suffered, or omitted by it hereunder in good faith and in reliance thereon. 
 (d)    Documents.
The Warrant Agent shall be protected and shall incur no liability for or in respect of any action taken or omitted by it in reliance upon any Warrant Certificates, notice, direction, consent, certificate, affidavit, statement or other paper or
document reasonably believed by it to be genuine and to have been presented or signed by the proper parties. 
 (e)    Certain Transactions. The Warrant Agent, any of its officers, directors and employees, or any other agent of the Company, in its individual or any other capacity, may become the owner of, or acquire any
interest in, any Warrant Certificates, with the same rights that it would have if it were not such Warrant Agent, officer, director, employee or other agent, and, to the extent permitted by applicable law, it may engage or be interested in any
financial or other transaction with the Company and may act on, or as 

  

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depositary, trustee or agent for, any committee or body of holders of Warrant Debt Securities or other obligations of the Company as freely as if it were not
such Warrant Agent, officer, director, employee or other agent. Nothing in this Warrant Agreement shall be deemed to prevent the Warrant Agent from acting as Trustee under the Indenture. 
 (f)    No Liability for Interest. The Warrant Agent shall not be under any liability for interest on any monies at any time
received by it pursuant to any of the provisions of this Agreement or of the Warrant Certificates. 
 (g)    No
Liability for Invalidity. The Warrant Agent shall not incur any liability with respect to the validity of this Agreement or any of the Warrant Certificates. 
 (h)    No Responsibility for Representations. The Warrant Agent shall not be responsible for any of the Recitals or representations contained herein or in the Warrant Certificates (except as
to the Warrant Agent’s Certificate of Authentication thereon), all of which are made solely by the Company. 
 (i)    No Implied Obligations. The Warrant Agent shall be obligated to perform such duties as are herein and in the Warrant Certificates specifically set forth and no implied duties or obligations shall be read
into this Agreement or the Warrant Certificates against the Warrant Agent. The Warrant Agent shall not be under any obligation to take any action hereunder which may tend to involve it in any expense or liability, the payment of which within a
reasonable time is not, in its reasonable opinion, assured to it. The Warrant Agent shall not be accountable or under any duty or responsibility for the use by the Company of any of the Warrant Certificates authenticated by the Warrant Agent and
delivered by it to the Company pursuant to this Agreement or for the application by the Company of the proceeds of the Warrant Certificates or any exercise of the Warrants evidenced thereby. The Warrant Agent shall have no duty or responsibility in
case of any default by the Company in the performance of its covenants or agreements contained herein or in the Warrant Certificates or in the Warrant Debt Securities or in the case of the receipt of any written demand from a Holder of a Warrant
Certificate with respect to such default, including, without limiting the generality of the foregoing, any duty or responsibility to initiate or attempt to initiate any proceedings at law or otherwise or, except as provided in Section 6.04
hereof, to make any demand upon the Company. 
  

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Section 5.03.    Resignation, Removal and Appointment of Successor. (a) The Company agrees, for the benefit of the Holders from time to time of the Warrant Certificates, that there
shall at all times be a Warrant Agent hereunder until all of the Warrant Certificates are no longer exercisable. 
 (b)    The Warrant Agent may at any time resign as such agent by giving written notice to the Company of such intention on its part, specifying the date on which it desires its resignation to become effective; provided
that, without the consent of the Company, such date shall not be less than (three months) after the date on which such notice is given. The Warrant Agent hereunder may be removed at any time by the filing with it of an instrument in writing signed
by or on behalf of the Company and specifying such removal and the date on which the Company expects such removal to become effective. Such resignation or removal shall take effect upon the appointment by the Company of a successor Warrant Agent
(which shall be a bank or trust company organized and doing business under the laws of The United States of America, any State thereof or the District of Columbia and authorized under such laws to exercise corporate trust powers) by an instrument in
writing filed with such successor Warrant Agent and the acceptance of such appointment by such successor Warrant Agent pursuant to Section 5.03(d). 
 (c)    In case at any time the Warrant Agent shall resign, or be removed, or shall become incapable of acting, or shall be adjudged bankrupt or insolvent, or shall file a voluntary petition in
bankruptcy or make an assignment for the benefit of its creditors or consent to the appointment of a receiver or custodian of all or any substantial part of its property, or shall admit in writing its inability to pay or meet its debts as they
mature, or if a receiver or custodian of it, or of all or any substantial part of its property shall be appointed, or if an order of any court shall be entered approving any petition filed by or against it under the provisions of any applicable
bankruptcy or similar law, or if any public officer shall have taken charge or control of the Warrant Agent or of its property or affairs, a successor Warrant Agent, qualified as aforesaid, shall be appointed by the Company by an instrument in
writing, filed with the successor Warrant Agent. Upon the appointment as aforesaid of a successor Warrant Agent and acceptance by the latter of such appointment, the Warrant Agent so superseded shall cease to be Warrant Agent hereunder. 

(d)    Any successor Warrant Agent appointed hereunder shall execute, acknowledge and deliver to its predecessor and to the
Company an instrument accepting such appointment hereunder, and thereupon such successor Warrant Agent, without any further act, deed or conveyance, shall become vested with all the authority, 

  

 - 12 - 

 
rights, powers, trusts, immunities, duties and obligations of such predecessor with like effect as if originally named as Warrant Agent hereunder, and such
predecessor, upon payment of its charges and disbursements then unpaid, shall thereupon become obligated to transfer, deliver and pay over, and such successor Warrant Agent shall be entitled to receive, all monies, securities and other property on
deposit with or held by such predecessor, as Warrant Agent hereunder. 
 (a)    Any corporation into which the Warrant
Agent hereunder may be merged or converted or any corporation with which the Warrant Agent may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Warrant Agent shall be a party, or any corporation
succeeding to all or substantially all the corporate trust business of the Warrant Agent, provided that it shall be qualified as aforesaid, shall be the successor Warrant Agent under this Agreement without the execution or filing of any paper or any
further act on the part of any of the parties hereto. 
 
ARTICLE VI. 
 
MISCELLANEOUS. 
 
Section 6.01.    Consolidations and Mergers of the Company and Sales, Leases and Conveyances Permitted Subject to Certain Conditions. The Company may consolidate with, or sell, lease or
convey all or substantially all of its assets to, or merge with or into any other corporation, provided that in any such case, (i) either the Company shall be the continuing corporation, or the successor corporation shall be a corporation
organized and existing under the laws of the United States of America or a State thereof and such successor corporation shall expressly assume the obligations of the Company hereunder. 
 
Section 6.02.    Rights and Duties of Successor Corporation. In case of any such consolidation, merger, sale, lease or conveyance and upon any such assumption by the successor corporation,
such successor corporation shall succeed to and be substituted for the Company, with the same effect as if it had been named herein, and the predecessor corporation, except in the event of a lease, shall be relieved of any further obligation under
this Agreement and the Warrants. Such successor corporation thereupon may cause to be signed, and may issue either in its own name or in the name of the Company, any or all of the Warrant Debt Securities issuable pursuant to the terms hereof. All
the Warrant Debt Securities so issued shall in all respects have the same legal rank and benefit under the Indenture as the Warrant Debt Securities theretofore or thereafter issued in accordance with the terms of this Agreement and the Indenture.

  

 - 13 - 

 In case of any such consolidation, merger, sale, lease or conveyance, such changes in phraseology and
form (but not in substance) may be made in the Warrant Debt Securities thereafter to be issued as may be appropriate. 
 
Section 6.03.    Amendment. This Agreement may be amended by the parties hereto, without the consent of the Holder of any Warrant Certificate, for the purpose of curing any ambiguity, or of
curing, correcting or supplementing any defective provision contained herein, or making such provisions in regard to matters or questions arising under this Agreement as the Company may deem necessary or desirable; provided that such action shall
not adversely affect the interests of the Holders of the Warrant Certificates in any material respect. The Warrant Agent may, but shall not be obligated to, enter into any amendment to this agreement which affects the Warrant Agent’s own
rights, duties or immunities under this Agreement or otherwise. 
 
Section 6.04.    Notices and Demands to the Company and Warrant Agent. If the Warrant Agent shall receive any notice or demand addressed to the Company by the Holder of a Warrant
Certificate pursuant to the provisions of the Warrant Certificates, the Warrant Agent shall promptly forward such notice or demand to the Company. 
 
Section 6.05.    Addresses. Any communications from the Company to the Warrant Agent with respect to this Agreement shall be addressed to
                                        ,
Attention:                     , and any communications from the Warrant Agent to the Company with respect to this Agreement shall be
addressed to Coca-Cola Enterprises Inc.,
                                        
                                    , Attention: Treasurer, with a
copy to the Corporate Secretary (or such other address as shall be specified in writing by the Warrant Agent or by the Company). 
 
Section 6.06.    Governing Law. This Agreement and each Warrant Certificate issued hereunder shall be governed by and construed in accordance with the laws of the State of New York.

 
Section 6.07.    Delivery of Prospectus. The Company will furnish to the Warrant Agent sufficient copies of a prospectus, appropriately supplemented, relating to the Warrant Debt Securities
(the “Prospectus”), and the Warrant Agent agrees that, upon the exercise of any Warrant Certificate, the Warrant Agent will deliver to the person designated to receive Warrant Debt Securities, prior to or concurrently with the delivery of
such Securities, a Prospectus. 
  

 - 14 - 

 
Section 6.08.    Obtaining of Governmental Approvals. The Company will from time to time take all action which may be necessary to obtain and keep effective any and all permits, consents
and approvals of governmental agencies and authorities and securities acts filings under United States Federal and State laws (including, without limitation, the maintenance of the effectiveness of a registration statement in respect of the Warrant
Debt Securities under the Securities Act of 1933), which may be or become required in connection with exercise of the Warrant Certificates and the original issuance and delivery of the Warrant Debt Securities. 
 
Section 6.09.    Persons Having Rights under Warrant Agreement. Nothing in this Agreement expressed or implied and nothing that may be inferred from any of the provisions hereof is
intended, or shall be construed, to confer upon, or give to, any person or corporation other than the Company, the Warrant Agent and the Holders of the Warrant Certificates any right, remedy or claim under or by reason of this Agreement or of any
covenant, condition, stipulation, promise or agreement hereof; and all covenants, conditions, stipulations, promises and agreements in this Agreement contained shall be for the sole and exclusive benefit of the Company and the Warrant Agent and
their successors and of the Holders of the Warrant Certificates. 
 
Section 6.10.    Headings. The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof. 
 
Section 6.11.    Counterparts. This Agreement may be executed in any number of counterparts, each of which so executed shall be deemed to be an original; but such counterparts shall
together constitute but one and the same instrument. 
 
Section 6.12.    Inspection of Agreement. A copy of this Agreement shall be available at all reasonable times at the principal corporate trust office of the Warrant Agent [and at
            ] for inspection by the Holder of any Warrant Certificate. The Warrant Agent may require such Holder to submit his Warrant Certificate for inspection by it. 
  

 - 15 - 

 
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed, and their respective corporate seal to be hereunto affixed and attested, all as of the day and year first above written. 

 

							
		 		 	COCA–COLA ENTERPRISES INC.
				
		 		 	By	 	  

				
	[SEAL]	 		 		 	
				
	Attest:	 		 		 	
	  
	 		 		 	
	[Assistant] Secretary	 		 		 	
		 		 	  

				
		 		 	By	 	  

	[SEAL]	 		 		 	
				
	Attest:	 		 		 	
	  
	 		 		 	
	Assistant Secretary	 		 		 	

  

 - 16 - 

 
EXHIBIT A 
 [FORM OF WARRANT CERTIFICATE] 
 [Face] 
  

			
	 Form of Legend if Offered
 Debt Securities
with
 Warrants which are not
 immediately
detachable:
	  	 [Prior to                     , this

 Warrant Certificate may be
 transferred or exchanged if and

 only if the [Title of Offered Debt Security] to which it was
 initially attached is so
 transferred or exchanged.]

		
	 Form of Legend if
 Warrants are
not
 immediately exercisable:
	  	 [Prior to
                    ,
 Warrants evidenced by this

 Warrant Certificate cannot be
 exercised.]

 EXERCISABLE ONLY IF COUNTERSIGNED BY THE WARRANT 
 AGENT AS PROVIDED HEREIN. 
 VOID
AFTER THE CLOSE OF BUSINESS ON             , 20     
 COCA-COLA ENTERPRISES INC. 
 Warrant Certificate representing 
 Warrants to purchase 
 [Title of Warrant Debt
Securities] 
 as described herein. 
   *  *  *  *  *  *  *  *  * 
 No. 
                                       
   Warrants 
 This certifies that [the bearer is the]
[                     or registered assigns is the registered] owner of the above indicated number of Warrants, each Warrant entitling such
[bearer [If Offered Debt Securities with Warrants which are not immediately detachable —, subject to the bearer qualifying as a “Holder” of this Warrant Certificate, as hereinafter defined]] [registered owner] to purchase, at
any time [after the close of business on             , 20    , and] on or before the close of business on
                    , 20    ,
$                     principal amount of [Title of Warrant Debt Securities] (the “Warrant Debt Securities”) of Coca-Cola
Enterprises Inc. (the “Company”), issued or to be issued 
  

 A-1 

 
under the Indenture (as hereinafter defined), on the following basis. [During the period from
                    , 20     through and including
                    , 20    , each Warrant shall entitle the Holder thereof, subject to the provisions of this
Agreement, to purchase from the Company the principal amount of Warrant Debt Securities stated in the Warrant Certificate at the exercise price of         % of the principal amount thereof [plus accrued
amortization , if any, of the original issue discount of the Warrant Debt Securities] [plus accrued interest, if any, from the most recent date from which interest shall have been paid on the Warrant Debt Securities or, if no interest shall have
been paid on the Warrant Debt Securities, from                     , 20    ]; during the period from
                    , 20     through and including
                    , 20    , each Warrant shall entitle the Holder thereof, subject to the provisions of this
Agreement, to purchase from the Company the principal amount of Warrant Debt Securities stated in the Warrant Certificate at the exercise price of         % of the principal amount thereof [plus accrued
amortization, if any, of the original issue discount of the Warrant Debt Securities] [plus accrued interest, if any, from the most recent date form which interest shall have been paid on the Warrant Debt Securities or, if no interest shall have been
paid on the Warrant Debt Securities, from                     , 20    ] [in each case, the original issue discount
($                      for each $1,000 principal amount of Warrant Debt Securities) will be amortized at a
        % annual rate, computed on a [n] [semi]-annual basis [, using a 360-day year consisting of twelve 30-day months] (the “Exercise Price”). The Holder of this Warrant Certificate may
exercise the Warrants evidenced hereby, in whole or in part, by surrendering this Warrant Certificate, with the purchase form set forth hereon duly completed, accompanied by payment in full, in lawful money of the United States of America, [in cash
or by certified check or official bank check in New York Clearing House funds or by bank wire transfer in immediately available funds], the Exercise Price for each Warrant exercised, to the Warrant Agent (as hereinafter defined), at the corporate
trust office of [name of Warrant Agent], or its successor as warrant agent (the “Warrant Agent”) [or at                     ,], at
the addresses specified on the reverse hereof and upon compliance with and subject to the conditions set forth herein and in the Warrant Agreement (as hereinafter defined). This Warrant Certificate may be exercised only for the purchase of Warrant
Debt Securities in the principal amount of [$1,000] or any integral multiple thereof. 
 The term “Holder” as used herein shall
mean [If Offered Debt Securities with Warrants which are not immediately detachable—, prior to                     ,
20     (the “Detachable Date”), the [bearer] [registered owner] of the Company’s [title of Offered Debt 
  

	*	complete and modify the following provisions as appropriate to reflect the terms of the Warrants and the Warrant Debt Securities. 

  

 A-2 

 
Securities] to which such Warrant Certificate was initially attached, and after such Detachable Date,] [the bearer of such Warrant Certificates] [the person
in whose name at the time such Warrant Certificate shall be registered upon the books to be maintained by the Warrant Agent for that purpose pursuant to Section 3.01]. 
 Any whole number of Warrants evidenced by this Warrant Certificate may be exercised to purchase Warrant Debt Securities in registered form. Upon any
exercise of fewer than all of the Warrants evidenced by this Warrant Certificate, there shall be issued to the [bearer] [registered owner] hereof a new Warrant Certificate evidencing the number of Warrants remaining unexercised. 
 This Warrant Certificate is issued under and in accordance with the Warrant Agreement dated as of
                    , 20     (the “Warrant Agreement”), between the Company and the Warrant Agent and is
subject to the terms and provisions contained in the Warrant Agreement, to all of which terms and provisions the holder of this Warrant Certificate consents by acceptance hereof. Copies of the Warrant Agreement are on file at the above-mentioned
office of the Warrant Agent [and at                     ]. 
 The Warrant Debt Securities to be issued and delivered upon the exercise of Warrants evidenced by this Warrant Certificate will be issued under and in accordance with an Indenture, dated as of
                    , 2007 (the “Indenture”), between the Company and Deutsche Bank Trust Company Americas , as trustee (such
trustee, and any successors to such trustee, the “Trustee”) and will be subject to the terms and provisions contained in the Warrant Debt Securities and in the Indenture. Copies of the Indenture, including the form of the Warrant Debt
Securities, are on file at the corporate trust office of the Trustee [and at                     ]. 
 [If Offered Debt Securities with Warrants which are not immediately detachable—Prior to
                    , 20     (the “Detachable Date”), this Warrant Certificate may be exchanged or
transferred only together with the [title of Offered Debt Security] [the “Offered Debt Security”] to which this Warrant Certificate was initially attached, and only for the purpose of effecting, or in conjunction with, an exchange or
transfer of such Offered Debt Security. Additionally, on or prior to the Detachable Date, each transfer of such Offered Debt Security on the register of the Offered Debt Securities shall operate also to transfer this Warrant Certificate. After the
Detachable Date, this] [If Offered Debt Securities with Warrants which are immediately detachable or 

  

 A-3 

 Warrants alone—This ] Warrant Certificate, and all rights hereunder, may be transferred [ If bearer Warrants
— by delivery and the Company and the Warrant Agent may treat the bearer hereof as the owner for all purposes] [If registered Warrants — when surrendered at the corporate trust office of the Warrant Agent [or
                    ] by the registered owner or his assigns, in person or by an attorney duly authorized in writing, in the manner and
subject to the limitations provided in the Warrant Agreement.] 
 [If Offered Debt Securities with Warrants which are not immediately
detachable—Except as provided in the immediately preceding paragraph, after] [If Offered Debt Securities with Warrants which are immediately detachable or Warrants alone — After] authentication by the Warrant Agent and prior to
the expiration of this Warrant Certificate, this Warrant Certificate may be exchanged at the corporate trust office of the Warrant Agent [or at
                    ] for Warrant Certificates representing the same aggregate number of Warrants. 
 This Warrant Certificate shall not entitle the [bearer] [registered owner] hereof to any of the rights of a [registered] [holder] of the Warrant Debt
Securities, including, without limitation, the right to receive payments of principal of (and premium, if any) or interest, if any, on the Warrant Debt Securities or to enforce any of the covenants of the Indenture. 
 Reference is hereby made to the further provisions of this Warrant Certificate set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 
 This Warrant Certificate shall not be valid or obligatory for any purpose
until authenticated by the Warrant Agent. 
  

 A-4 

 IN WITNESS WHEREOF, the Company has caused this Warrant Certificate to be duly executed under its
corporate seal. 
 Dated:
                    , 20         
  

			
	COCA-COLA ENTERPRISES INC.
		
	By	 	 

  

	
	 Attest:

	  

	Countersigned:
	  

	 As Warrant Agent

  

			
	 By
	 	  

		 	     Authorized Signature

  

 A-5 

 [REVERSE] [FORM OF WARRANT CERTIFICATE] 
 (Instructions for Exercise of Warrants) 
 To exercise any Warrants
evidenced hereby, the Holder of this Warrant Certificate must pay (in cash or by certified check or official bank check in New York Clearing House funds or by bank wire transfer in immediately available funds], the Exercise Price in full for each of
the Warrants exercised, to                     , Corporate Trust Department,
                    , Attn:
                     (or
                    ), which payment should specify the name of the Holder of this Warrant Certificate and the number of Warrants
exercised by such Holder. In addition, the Holder of this Warrant Certificate should complete the information required below and present in person or mail by registered mail this Warrant Certificate to the Warrant Agent at the addresses set forth
below. 
 [FORM OF EXERCISE] 
 (To be executed upon exercise of Warrants.) 
 The undersigned hereby irrevocably elects to
exercise Warrants, represented by this Warrant Certificate, to purchase $             principal amount of the [Title of Warrant Debt Securities] (the “Warrant Debt
Securities”) of Coca-Cola Enterprises Inc. and represents that he has tendered payment for such Warrant Debt Securities [in cash or by certified check or official bank check in New York Clearing House funds or by bank wire transfer in
immediately available funds] to the order of Coca-Cola Enterprises Inc., c/o                     , in the amount of
$             in accordance with the terms hereof. The undersigned requests that said principal amount of Warrant Debt Securities be in [bearer] [fully registered] form, in
the authorized denominations, [registered in such names] and delivered, all as specified in accordance with the instructions set forth below. 
 If said principal amount of Warrant Debt Securities is less than all of the Warrant Debt Securities purchaseable hereunder, the undersigned requests that a new Warrant Certificate representing the remaining balance of the Warrants evidenced
hereby be issued and delivered to the undersigned unless otherwise specified in the instructions below. 
 Dated: 
  

					
	 	  	Name	  	  

		  		  	(Please Print)
	
 (Insert Social Security or Other Indentifying Number of Holder)
	  	Address	  	  
  

  

 A-6 

			
	Signature	 	  

			
	[If registered warrant — (Signature must conform in all respects to name of holder as specified on the face of this Warrant Certificate and must bear a signature guarantee by a
bank, trust company or member broker of the New York Stock Exchange.)]

 This Warrant may be exercised at the following addresses: 
  

							
		 	By hand at	 	  
	 	
		 		 	  
	 	
		 		 	  
	 	
		 		 	  
	 	
				
		 	By mail at	 	  
	 	
		 		 	  
	 	
		 		 	  
	 	
		 		 	  
	 	

 (Instructions as to form and delivery of Warrant Debt Securities and/or Warrant Certificates):

  

 A-7 

 [If registered Warrant — 
 [FORM OF ASSIGNMENT] 
 (TO BE EXECUTED TO TRANSFER) 
 THE WARRANT CERTIFICATE) 
 FOR VALUE
RECEIVED                      hereby sells, assigns and transfers unto 
  

	
	Please insert social security or other identifying number
	  
  

  

	
	  

	(Please print name and address including zip code)

  

	
	  

	the right represented by the within Warrant Certificate and does hereby irrevocably constitute and appoint
                    , Attorney, to transfer said Warrant Certificate on the books of the Warrant Agent with full power of
substitution.

 Dated : 
  

	
	  

	Signature
	(Signature must conform in all respects to name of holder as specified on the face of this Warrant Certificate and must bear a signature guarantee by a bank, trust company or member broker of
the New York Stock Exchange.)
	

  

	
	Signature Guaranteed:
	  

  

 A-8 

 CERTIFICATE TO NON-U.S. OWNERSHIP* 
 [To be completed if Securities 
 in bearer form are requested] 

This is to certify that as of the date hereof, the Warrant Debt Securities which are to be delivered to the undersigned in bearer form upon the
exercise by the undersigned of this Warrant Certificate are not being acquired by or on behalf of, or for offer to resell or for resale to, a United States person or a person located in the United States, other than a foreign branch of a financial
institution, as defined in the Treasury Regulations under Section 165(j), that agrees to comply with the requirements of Section 165(j) (3) (A), (B) of (C) of the Internal Revenue Code of 1986, as amended (the
“Code”), and the regulations thereunder. As used herein, “United States person” means a citizen or a resident of the United States of America, its territories, its possessions or any area subject to its jurisdiction (“United
States”), or a corporation, partnership or other entity created or organized in or under the laws of the United States or any political subdivision thereof, or an estate or trust the income of which is subject to United States Federal income
tax regardless of its source. 
  

			
	Signature:	 	  

  

	*	Additional representations may be required of a dealer exercising this Warrant Certificate. 

  

 A-9 

 [Form of certificate to be given by person requesting 
 delivery of bearer Warrant Debt Security upon 
 exercise of Warrant] 
 CERTIFICATE* 
 COCA-COLA ENTERPRISES INC. 
 [Title of Warrant Debt Securities] Issuable Upon Exercise of Warrants (“Warrant
Debt Securities”) 
  

			
	 To:
	 	    Coca-Cola Enterprises Inc.
		 	    [Name of Warrant Agent], or
		 	 Warrant Agent

 This certificate is submitted in connection with the exercise of the Warrant Certificate relating
to the Warrant Debt Securities, by delivery to you of the Election to Purchase dated as of                     ,
20        . 
 The undersigned hereby certifies that as of the date hereof, the Warrant Debt
Securities which are to be delivered to the undersigned in bearer form upon the exercise by the undersigned of such Warrant Certificate are not being acquired by or on behalf of, or for offer to resell or for resale to, a United States person or a
person located in the United States, other than a foreign branch of a financial institution, as defined in the Treasury Regulations under Section 165 (j), that agrees to comply with the requirements of Section 165 (j) (3) (A),
(B) or (C) of the Internal Revenue Code of 1986, as amended (the “Code”), and the regulations thereunder. As used herein, “United States person” means a citizen or a resident of the United States of America, its
territories, its possessions or any area subject to its jurisdiction (“United States”), or a corporation, partnership or other entity created or organized in or under the laws of the United States or any political subdivision thereof, or
an estate or trust the income of which is subject to United States Federal income tax regardless of its source. 
 Dated: 

	
	  
	Person Entitled to Delivery of Warrant Debt Securities Described Herein

  

	*	Additional representations may be required of a dealer exercising this Warrant Certificate. 

  

 A-10Form of Currency Warrant Agreement

 EXHIBIT 4.4 
  
  
 Form of Currency Warrant Agreement 

  
  

 COCA-COLA ENTERPRISES INC. 
 and 
                                       
   As Warrant Agent 
 ____                                      
                       
 WARRANT AGREEMENT 
 dated as of
                    , 20         
 ____                                      
                       
 UP
TO                      CURRENCY [PUT/CALL] WARRANTS 
 EXPIRING                     , 20         
  

 TABLE OF CONTENTS* 
  

					
	 	  	 	  	Page
	 PARTIES
	  	1
	 RECITALS
	  	1
			
		  	ARTICLE I	  	
			
		  	 ISSUANCE, FORM, EXECUTION, DELIVERY
 AND REGISTRATION OF WARRANTS
	  	
			
	 SECTION 1.01.
	  	 Issuance of Warrants; Book Entry Procedures; Successor Depository
	  	1
	 SECTION 1.02.
	  	 Form, Execution and Delivery of Global Warrant Certificate
	  	3
	 SECTION 1.03.
	  	 Global Warrant Certificate
	  	4
	 SECTION 1.04.
	  	 Registration of Transfers and Exchanges
	  	4
	 SECTION 1.05.
	  	 Warrant Certificates
	  	5
			
		  	ARTICLE II	  	
			
		  	DURATION AND EXERCISE OF WARRANTS	  	
			
	 SECTION 2.01.
	  	 Duration of Warrants; Minimum Exercise Amounts; Notice of Exercise
	  	9
	 SECTION 2.02.
	  	 Exercise and Delivery of Warrants
	  	9
	 SECTION 2.03.
	  	 Automatic Exercise of the Warrants
	  	12
	 SECTION 2.04.
	  	 Covenant of the Company
	  	13
	 SECTION 2.05.
	  	 Return of Global Warrant Certificate
	  	13
	 SECTION 2.06.
	  	 Return of Money Held Unclaimed for Two Years
	  	14
	 SECTION 2.07.
	  	 Designation of Agent for Receipt of Notice
	  	14

	*	The Table of Contents is not a part of the Warrant Agreement. 

  

 i. 

					
	ARTICLE III	  	
		
	OTHER PROVISIONS RELATING TO RIGHTS OF HOLDERS	  	
			
	 SECTION 3.01.
	  	 Holder of Warrant May Enforce Rights
	  	14
	 SECTION 3.02.
	  	 Merger, Consolidation, Sale, Transfer or Conveyance
	  	14
		
	ARTICLE IV	  	
		
	CANCELLATION OF WARRANTS	  	
			
	 SECTION 4.01.
	  	 Cancellation of Warrants
	  	15
	 SECTION 4.02.
	  	 Trestment of Holders
	  	15
		
	ARTICLE V	  	
		
	CONCERNING THE WARRANT AGENT	  	
			
	 SECTION 5.01.
	  	 Warrant Agent
	  	16
	 SECTION 5.02.
	  	 Conditions of Warrant Agent’s obligations
	  	16
	 SECTION 5.03.
	  	 Resignation and Appointment of Successor
	  	19
		
	ARTICLE VI	  	
		
	MISCELLANEOUS	  	
			
	 SECTION 6.01.
	  	 Amendment
	  	20
	 SECTION 6.02.
	  	 Notices and Demands to the Company and Warrant Agent
	  	21
	 SECTION 6.03.
	  	 Addresses for Notices
	  	21
	 SECTION 6.04.
	  	 Notices to Holders
	  	22
	 SECTION 6.05.
	  	 Applicable Law
	  	22
	 SECTION 6.06.
	  	 Obtaining of Governmental Approvals
	  	22
	 SECTION 6.07.
	  	 Persons Having Rights Under Warrant Agreement
	  	22
	 SECTION 6.08.
	  	 Headings
	  	22
	 SECTION 6.09.
	  	 Counterparts
	  	22
	 SECTION 6.10.
	  	 Inspection of Agreement
	  	23
	 SIGNATURES
	  	23

  

 ii. 

							
	 EXHIBIT A - Form of Global Warrant Certificate
	  		  		  	
	 EXHIBIT B - Form of Irrevocable Notice of Exercise
	  		  		  	

  

 iii. 

 WARRANT AGREEMENT 
 THIS AGREEMENT, dated as of                     , 20    , between COCA-COLA
ENTERPRISES INC., a corporation duly organized and existing under the laws of the State of Delaware (the “Company”), and [name of Warrant Agent], a [banking association] duly incorporated and existing under the laws of
                                , as Warrant Agent (the “Warrant
Agent”). 
 W  I  T  N  E  S  S  E  T  H     T 
 H  A  T  : 
 WHEREAS, the Company proposes to sell warrants (the
“Warrants” or, individually, a “Warrant”) representing the right to receive from the Company the Cash Settlement Value (as defined herein) in U.S. dollars of the right to [purchase/sell]
                 at a price of U.S. [$50]; and 
 WHEREAS, the Company wishes the Warrant Agent to act on behalf of the Company in connection with the issuance, transfer and exercise of the Warrants, and wishes to set forth herein, among other things, the provisions of the Warrants and the
terms and conditions on which they may be issued, transferred, exercised and cancelled; 
 NOW, THEREFORE, in consideration of the premises
and of the mutual agreements herein contained, the parties hereto agree as follows: 
 ARTICLE I 
 ISSUANCE, FORM, EXECUTION, 
 DELIVERY AND REGISTRATION OF WARRANTS 
 SECTION 1.01.    Issuance of Warrants; Book Entry
Procedures; Successor Depository. (a) The Warrants shall be represented by a single certificate (the “Global Warrant Certificate”). Each Warrant shall represent the right, subject to the provisions contained herein and in the Global
Warrant Certificate, to receive the Cash Settlement Value (as defined in paragraph (f) of Section 2.02) of such Warrant. In no event shall Holders (as defined in Section 2.01) be entitled to receive any interest on any Cash Settlement Value (unless
the Company shall default in the payment of such Cash Settlement Value). Holders will not be entitled to receive definitive Warrants evidencing the Warrants; provided, however, that if the Depository (as defined in Section 1.01(b)) is

 at any time unwilling or unable to continue as Depository for the Warrants and a successor Depository is not appointed by
the Company within 90 days, the Company will issue Warrants in definitive form in exchange for the Global Warrant Certificate. In addition, the Company may at any time determine not to have the Warrants represented by a Global Warrant Certificate
and, in such event, will issue Warrants in definitive form in exchange for the Global Warrant Certificate. In either instance, and in accordance with the provisions of this Agreement, each Holder will be entitled to have a number of Warrants
equivalent to such Holder’s beneficial interest in the Global Warrant Certificate registered in its name and will be entitled to physical delivery of such Warrants in definitive form by the Depository Participant (as defined in Section 1.01(c))
through which such Holder’s beneficial interest is reflected. The provisions of Section 1.05 shall apply only if and when Warrants in definitive form (“Warrant Certificates”) are issued hereunder. Unless the context shall otherwise
require, all references in this Agreement to the Global Warrant Certificate shall include the Warrant Certificates in the event that Warrant Certificates are issued. 
 (b)    The Global Warrant Certificate shall be deposited with the Depository or its agent (the term “Depository”, as used herein, initially refers to The Depository Trust Company and
includes any successor depository selected by the Company as provided in Section 1.01(d)) for credit to the accounts of the Depository Participants as shown on the records of the Depository from time to time. 
 (c)    The Global Warrant Certificate will initially be registered in the name of a nominee of the Depository selected by the Company
for the Warrants. The Warrant holdings of Depository Participants will be recorded on the books of the Depository. The holdings of customers of Depository Participants will be reflected on the books and records of such Depository Participants and
will not be known to the Warrant Agent, the Company or to the Depository. “Depository Participants” include securities brokers and dealers, banks and trust companies, clearing organizations and certain other organizations which are
participants in the DTC system. Access to the Depository’s system is also available to others such as banks, securities dealers and trust companies that clear or maintain a custodial relationship with a Depository Participant, either directly
or indirectly. The Global Warrant Certificate will be held by the Depository or its agent. 
 (d)    The Company may from
time to time select a new entity to act as Depository and, if such selection is made, the Company shall promptly give the Warrant Agent notice to such effect identifying the new Depository and the Global Warrant Certificate 
  

 2. 

 shall be delivered to the Warrant Agent and shall be transferred to the new Depository as provided in Section 1.04 as
promptly as possible. Appropriate changes may be made in the Global Warrant Certificate, the notice of exercise and the related notices delivered in connection with an exercise of Warrants to reflect the selection of the new Depository. 

SECTION 1.02.    Form, Execution and Delivery of Global Warrant Certificate. The Global Warrant Certificate, whenever
issued, shall be in registered form substantially in the form set forth in Exhibit A hereto, with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Agreement. The Global Warrant
Certificate may have imprinted or otherwise reproduced thereon such letters, numbers or other marks of identification or designation and such legends or endorsements as the officers of the Company executing the same may approve (execution thereof to
be conclusive evidence of such approval) and are not inconsistent with the provisions of this Agreement, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock
exchange on which the Warrants may be listed or of the Depository, or to conform to usage. The Global Warrant Certificate shall be signed on behalf of the Company by its President, Chairman of the Board, officer serving as Chief Financial Officer,
Treasurer, any Executive Vice President or any Vice President, manually or by facsimile signature, and a facsimile of its corporate seal shall be impressed, imprinted or engraved thereon, which shall be attested by its Secretary or any Assistant
Secretary, either manually or by facsimile signature. Typographical and other minor errors or defects in any such reproduction of the seal or any such signature shall not affect the validity or enforceability of the Global Warrant Certificate that
has been duly countersigned and delivered by the Warrant Agent. 
 In case any officer of the Company who shall have signed the Global
Warrant Certificate either manually or by facsimile signature shall cease to be such officer before the Global Warrant Certificate so signed shall have been countersigned and delivered by the Warrant Agent to the Company or delivered by the Company,
such Global Warrant Certificate nevertheless may be countersigned and delivered as though the person who signed such Global Warrant Certificate had not ceased to be such officer of the Company; and the Global Warrant Certificate may be signed on
behalf of the Company by such persons as, at the actual date of the execution of such Global Warrant Certificate, shall be the proper officers of the Company, although at the date of the execution of this Agreement any such person was not such
officer. 
  

 3. 

 SECTION 1.03.     Global Warrant Certificate. One or more Global Warrant
Certificates relating to no more than                      Warrants originally issued may be executed by the Company and delivered to the
Warrant Agent on or after the date of execution of this Agreement; provided that only one Global Warrant Certificate shall be outstanding at any one time. The Warrant Agent is authorized, upon receipt of a Global Warrant Certificate from the
Company, duly executed on behalf of the Company, to countersign such Global Warrant Certificate. The Global Warrant Certificate shall be manually countersigned and dated the date of countersignature by the Warrant Agent and shall not be valid for
any purpose unless so countersigned. The Warrant Agent shall countersign and deliver the Global Warrant Certificate to or upon the written order of the Company. 
 The Global Warrant Certificate may be exchanged for a new Global Warrant Certificate to reflect the issuance by the Company of additional Warrants: provided, however, that in no event shall the number of
Warrants represented by the Global Warrant Certificate exceed                      originally issued. To effect such an exchange the Company
shall deliver to the Warrant Agent a new Global Warrant Certificate duly executed on behalf of the Company as provided in Section 1.02. The Warrant Agent shall countersign the new Global Warrant Certificate as provided in this Section 1.03 and, upon
a written order of the Company, shall deliver the new Global Warrant Certificate to the Depository in exchange for, and upon receipt of, the Global Warrant Certificate then held by the Depository. The Warrant Agent shall cancel the Global Warrant
Certificate delivered to it by the Depository and return the cancelled Global Warrant Certificate to the Company. 
 SECTION
1.04.     Registration of Transfers and Exchanges. Except as otherwise provided herein or in the Global Warrant Certificate, the Warrant Agent shall from time to time register the transfer of the Global Warrant Certificate
in the records of the Warrant Agent only to the Depository, to a nominee of the Depository, to a successor Depository, or to a nominee of a successor Depository, upon surrender of such Global Warrant Certificate, duly endorsed and accompanied by a
written instrument or instruments of transfer in form satisfactory to the Warrant Agent and the Company, duly signed by the registered Holder thereof or by the duly appointed legal representative thereof or by a duly authorized attorney, such
signature to be guaranteed by a bank or trust company, by a broker or dealer which is a member of the National Association of Securities Dealers, Inc. or by a member of a national securities exchange. Upon any such registration of transfer, the
Company shall execute and the Warrant Agent shall countersign and deliver in the name of the designated transferee a new Global Warrant Certificate of like tenor and 
  

 4. 

 evidencing a like number of Unexercised Warrants as evidenced by the Global Warrant Certificate at the time of such
registration of transfer. 
 The Global Warrant Certificate may be transferred as provided above at the option of the Holder thereof when
surrendered to the Warrant Agent at its office or agency maintained for the purpose of transferring and exercising the Warrants, which shall be south of Chambers Street in the Borough of Manhattan, The City of New York (the “Warrant Agent
Office”), and which is, on the date of this Agreement,                     , New York, New York
             Attention: [Corporate Trust Department], or at the office of any successor Warrant Agent as provided in Section 5.03, for another Global Warrant Certificate of like
tenor and representing a like number of Unexercised Warrants. 
 SECTION 1.05.     Warrant Certificates. Any
Warrant Certificates issued in accordance with Section 1.01(a) shall be in registered form substantially in the form set forth in Exhibit A hereto, with such appropriate insertions, omissions, substitutions and other variations as are necessary or
desirable for individual Warrant Certificates, and may represent any integral multiple of Warrants. The Warrant Certificates may have imprinted or otherwise reproduced thereon such letters, numbers or other marks of identification or designation and
such legends or endorsements as the officers of the Company executing the same may approve (execution thereof to be conclusive evidence of such approval) and are not inconsistent with the provisions of this Agreement, or as may be required to comply
with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange on which the Warrants may be listed or of the Depository, or to conform to usage. Warrant Certificates shall be signed on behalf
of the Company upon the same conditions, in substantially the same manner and with the same effect as the Global Warrant Certificate. 
 Each
Warrant Certificate, when so signed on behalf of the Company, shall be delivered to the Warrant Agent, which shall manually countersign and deliver the same to or upon the written order of the Company. Each Warrant Certificate shall be dated the
date of its countersignature. 
 No Warrant Certificate shall be valid for any purpose, and no Warrant evidenced thereby shall be
exercisable, until such Warrant Certificate has been countersigned by the manual signature of the Warrant Agent. Such signature by the Warrant Agent upon any Warrant Certificate executed by the Company shall be conclusive evidence that the Warrant
Certificate so countersigned has been duly issued hereunder. 
  

 5. 

 Warrant Certificates delivered in exchange for the Global Warrant Certificate shall be registered in such
names and addresses (including tax identification numbers) and in such denominations as shall be requested in writing by the Depository or its nominee in whose name the Global Warrant Certificate is registered, upon written certification to the
Company and the Warrant Agent in form satisfactory to each of them of a beneficial ownership interest in the Global Warrant Certificate. 
 The Company shall cause to be kept at an office of the Warrant Agent in The City of New York a register (the register maintained in such office and in any other office or agency maintained by or on behalf of the Company for such purpose
being herein sometimes collectively referred to as the “Warrant Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Warrant Certificates and of transfers of
Warrant Certificates. The Warrant Agent is hereby appointed “Warrant Registrar” for the purpose of registering Warrant Certificates and transfers of Warrant Certificates as herein provided. 
 For purposes of this Section 1.05, a “Warrantholder” of a Warrant Certificate at any particular time is the person in whose name such Warrant
Certificate is registered in the Warrant Register at such time. 
 Upon surrender for registration of transfer of any Warrant Certificate at
an office or agency of the Company maintained for such purpose, the Company shall execute, and the Warrant Agent shall countersign and deliver, in the name of the designated transferee or transferees, one or more new Warrant Certificates of any
authorized denominations and representing Warrants of a like aggregate number. 
 At the option of the Warrantholder, Warrant Certificates
may be exchanged for other Warrant Certificates of any authorized denominations and representing Warrants of a like aggregate number, upon surrender of the Warrant Certificates to be exchanged at such office or agency. Whenever any Warrant
Certificates are so surrendered for exchange, the Company shall execute, and the Warrant Agent shall countersign and deliver, the Warrant Certificates which the Warrantholder making the exchange is entitled to receive. 
 All Warrant Certificates issued upon any registration of transfer or exchange of Warrant Certificates shall be the valid obligations of the Company,
evidencing the same obligations of the 
  

 6. 

 Company, and entitled to the same benefits under this Warrant Agreement, as the Warrant Certificates surrendered upon
such registration of transfer or exchange. 
 Every Warrant Certificate presented or surrendered for registration of transfer or for exchange
shall (if so required by the Company or the Warrant Agent) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Warrant Registrar duly executed, by the Warrantholder thereof or his
attorney duly authorized in writing. 
 No service charge shall be made for any registration of transfer or exchange of Warrant Certificates,
but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Warrant Certificates. 
 If any mutilated Warrant Certificate is surrendered to the Warrant Agent, the Company shall execute and the Warrant Agent shall countersign and deliver
in exchange therefor a new Warrant Certificate of like tenor representing Warrants of a like number and bearing a number not contemporaneously outstanding. 
 If there shall be delivered by a Warrantholder to the Company and the Warrant Agent (i) evidence to their satisfaction of the destruction, loss or theft of any Warrant Certificate, (ii) such security or indemnity as
may be required by them to save each of them and any agent of either of them harmless and (iii) funds sufficient to cover any cost or expense to the Company (including any fees charged by the Warrant Agent) relating to the issuance of a new Warrant
Certificate, then, in the absence of notice to the Company or the Warrant Agent that such Warrant Certificate has been acquired by a bona fide purchaser, the Company shall execute and upon its request the Warrant Agent shall countersign and deliver,
in lieu of any such destroyed, lost or stolen Warrant Certificate, a new Warrant Certificate of like tenor representing Warrants of a like number and bearing a number not contemporaneously outstanding. 
 In case the Warrants evidenced by any such mutilated, destroyed, lost or stolen Warrant Certificate have been exercised, or have been or are about to be
deemed to be exercised, the Company in its discretion may, instead of issuing a new Warrant Certificate, treat the same as if it had received written irrevocable notice of exercise in good form in respect thereof, as provided herein. 
  

 7. 

 Every new Warrant Certificate issued pursuant to this Section 1.05 in lieu of any destroyed, lost or
stolen Warrant Certificate shall constitute an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Warrant Certificate shall be at any time enforceable by anyone, and shall be entitled to all the
benefits of this Warrant Agreement equally and proportionately with any and all other Warrant Certificates duly issued hereunder. 
 The
provisions of this Section 1.05 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Warrant Certificates. 
 Prior to due presentment of a Warrant Certificate for registration of transfer, the Company, the Warrant Agent and any agent of the Company or the
Warrant Agent may treat the person in whose name such Warrant Certificate is registered as the owner of such Warrant Certificate for all purposes hereunder whatsoever, whether or not such Warrant Certificate be exercised or deemed to be exercised
and neither the Company, the Warrant Agent nor any agent of the Company or the Warrant Agent shall be affected by notice to the contrary. 
 All Warrant Certificates surrendered for exercise, registration of transfer or exchange shall, if surrendered to any person other than the Warrant Agent, be delivered to the Warrant Agent and shall be promptly cancelled by it. The Company
may at any time deliver to the Warrant Agent for cancellation any Warrant Certificates previously countersigned and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Warrant Certificates so delivered shall be
promptly cancelled by the Warrant Agent. No Warrant Certificates shall be countersigned in lieu of or in exchange for any Warrant Certificates cancelled as provided in this Section 1.05, except as expressly permitted by this Warrant Agreement. All
cancelled Warrant Certificates held by the Warrant Agent shall be disposed of as directed by the Company. 
 ARTICLE II 
 DURATION AND EXERCISE OF WARRANTS 
 SECTION 2.01.    Duration of Warrants; Minimum Exercise Amounts; Notice of Exercise. Subject to the limitations described herein, each Warrant evidenced by the Global Warrant Certificate may be irrevocably
exercised in whole but not in part on any New York Business Day from its date of issuance until 3:00 P.M., New 
  

 8. 

 York City time, five New York Business Days prior to
                    , 20     (the “Expiration Date”) or until earlier automatic exercise as provided in
Section 2.03. Except in the case of automatic exercise, each warrant may be exercised by written notice to the Warrant Agent from a Depository Participant acting on behalf of the beneficial owner of such Warrant (each a “Holder”);
provided, however, that notices of exercise are subject to rejection by the Warrant Agent as provided herein. Not fewer than (2,000) Warrants may be exercised by or on behalf of any one Holder at any one time, except that no such
minimum exercise amount shall apply in the case of automatic exercise on the Expiration Date or earlier automatic exercise as provided in Section 2.03. Irrevocable notice of exercise to the Warrant Agent shall be in the form set forth in Exhibit B
hereto and shall be sent to the Warrant Agent in writing (which shall include facsimile transmissions) at its address as set forth in such form of notice or at such other address as the Warrant Agent may specify from time to time. As used herein,
“New York Business Day” means any day other than a Saturday or a Sunday or a day on which commercial banks in The City of New York are required or authorized to be closed. Except as provided in Section 2.02(b), the Warrant Agent shall be
entitled to rely conclusively on any notice of exercise received by it with no duty of inquiry by the Warrant Agent. 
 SECTION
2.02.    Exercise and Delivery of Warrants. (a) Except in the case of automatic exercise on the Expiration Date or earlier automatic exercise as provided in Section 2.03 of this Agreement and subject to Section 2.02(b)(i)
of this Agreement, the exercise date (the “Exercise Date”) for a Warrant shall be the New York Business Day next succeeding the date on which the Warrant Agent has received written irrevocable notice of exercise in good form at or prior to
3:00 P.M., New York City time; and if the Warrant Agent shall receive such notice of exercise after 3:00 P.M., New York City time on such date, such notice shall be deemed to have been received at or prior to 3:00 P.M., New York City time, on the
next succeeding New York Business Day, and in such event the Exercise Date shall be the second New York Business Day succeeding the date on which the Warrant Agent actually received such notice of exercise. Any notice of exercise received after 3:00
P.M., New York City time, on the fifth New York Business Day preceding the Expiration Date or, if earlier, any Delisting Date (as defined in Section 2.03(a)) shall be void and of no effect and shall be deemed not to have been delivered. 

(b)    Following receipt of a written irrevocable notice of exercise in good form, the Warrant Agent shall: (i) promptly verify
that the entity that executed such notice is listed as a Depository Participant in the most recent published edition of the Depository’s Eligible Corporate Securities Book (or comparable 
  

 9. 

 publication of a successor Depository) and, if such entity is not listed therein, the Warrant Agent shall make reasonable
efforts to obtain telephonic verification from the Depository’s Planning Department (telephone no.
                                ) (or comparable department of a successor
Depository) that such entity is a Depository Participant, and if the Warrant Agent is unable through the above-described procedures to verify that such entity is a Depository Participant, the Warrant Agent shall reject the notice of exercise;
(ii) notify the Company by 5:00 P.M., New York City time, on the New York Business Day such notice of exercise is received (or deemed to have been received) of the number of Warrants in respect of which exercise notices, not rejected pursuant
to clause (i) above, were received after 3:00 P.M., New York City time, the preceding New York Business Day and at or prior to 3:00 P.M., New York City time, on such date; (iii) obtain the Spot Rate (as defined in Section 2.02(f)) and
determine the Cash Settlement Value of the exercised Warrants in the manner described in Section 2.02(f); (iv) advise the Company by 5:00 P.M., New York City time, on the Exercise Date of the amount payable in respect of the exercise of such
Warrants, and of the Spot Rate and Cash Settlement Value with respect to such Warrants, and send notice of confirmation of exercise in the form set forth in Exhibit B hereto to such Depository Participant; and (v) promptly deliver a copy of
such notice of exercise to the Company and advise the Company of such other matters relating to the exercised Warrants as the Company shall reasonably request. Any notice to be given to the Company by the Warrant Agent pursuant to this
Section 2.02 or Section 2.03 shall be by telephone and shall be promptly confirmed in writing. Any notice to be by telephone shall be promptly confirmed in writing. Any notice to be given to the Spot Rate Reference Bank pursuant to this
Section 2.02 or Section 2.03 shall be by facsimile transmission to the address of the Spot Rate Reference Bank set forth in Section 6.03. 
 (c)    Provided that the Company has made adequate funds available to the Warrant Agent in a timely manner, which shall, in no event, be later than 3:00 P.M., New York City time on the second New
York Business Day (the “Settlement Date”) following an Exercise Date of Warrants, the Warrant Agent will be responsible for making its payment available to the Depository in the form of a treasurer’s check or official bank check,
after 3:00 P.M., New York City time, but prior to the close of business, on such Settlement Date, such payment to be in the amount of the aggregate Cash Settlement Value in respect of such exercised Warrants for which delivery has been accepted by
the Warrant Agent. 
 (d)    The Warrant Agent shall cause its records, which may be kept electronically, to be marked to
reduce the number of Warrants evidenced by the Global Warrant Certificate, by the number of Warrants delivered to the Warrant Agent’s Depository Participant 
  

 10. 

 Account (entitled
                    ), or such other account of the Warrant Agent at the Depository as the Warrant Agent shall designate in writing to the
Company (the “Warrant Account”), promptly after such delivery. 
 (e)    If any Depository Participant fails to
transfer Warrants with respect to which it delivered a notice of exercise (a “Failed Delivery”) by 11:30 A.M., New York City time, on the Settlement Date therefor, the Warrant Agent shall notify the Company (and, if requested by the
Company in writing, a designated agent of the Company) of such Failed Delivery and the number of Warrants to which it relates by
                     P.M., New York City time, on such Settlement Date by telephone, promptly confirmed in writing by transmitting to the
Company (by telecopy or other similar rapid communication system) a copy of the notice of exercise to which such Failed Delivery relates. At such times as the Warrants are evidenced by a Global Warrant Certificate, a Failed Delivery shall be deemed
to occur as a result of a failure by a Depository Participant to take any action required to effectuate a transfer of the Warrants on the records of the Depository. 
 (f)    Except as provided in Section 2.03, “Cash Settlement Value” of an exercised Warrant is an amount stated in U.S. dollars which is the greater of (i) zero and (ii) the
amount computed by subtracting [from 50]” [50 from]” an amount equal to 50 times a fraction, the numerator of which is the Spot Rate on the Exercise Date and the denominator of which is
                     (the “Strike Price”). The “Spot Rate” on such Exercise Date shall mean the offered spot rate of
                     U.S. dollars for
                     as quoted by
                     (the “Spot Rate Reference Bank”) at 10:00 A.M., New York City time, on such date or, if such bank is not
quoting such rate at such time, the rate quoted by such other leading bank in the foreign exchange markets as may be selected by the Company in good faith and notified to the Warrant Agent. The Spot Rate shall be calculated to
                     decimal places. References in this Agreement to “U.S. dollars”, “U.S.$” or “$” are to the
currency of the United States of America. References to                      or
                     are to the currency of
                    . 
 SECTION
2.03.    Automatic Exercise of the Warrants. (a) All Warrants with respect to which no accepted notice of exercise in good form has been received by the Warrant Agent by 3:00 P.M., New York City time, on the fifth New
York Business Day preceding the earliest to occur of (i) the Expiration Date, (ii) the close of business on the New York Business Day on which the Warrants are delisted from the
                     Stock Exchange, and (iii) the close of business on the New York Business Day that the Warrants are permanently
suspended from trading on the                      Stock Exchange (the effective date of any such delisting or permanent 
  

 11. 

 suspension, the “Delisting Date”), will be automatically exercised, without any required delivery of notice of
exercise from any relevant Depository participant to the Warrant Agent. Such Expiration Date or Delisting Date, as the case may be, shall be the Exercise Date for such Warrants and the Spot Rate and Cash Settlement Value of such Warrants shall be
determined as of the New York Business Day following such Exercise Date. The Company will advise the Warrant Agent of the date of any expected delisting or permanent suspension of trading of the Warrants as soon as is practicable and will
immediately inform the Warrant Agent after the Company has received notice that such delisting or suspension has occurred, but in no event will notice of such delisting or suspension be given to the Warrant Agent later than 5:00 P.M., New York City
time, on the New York Business Day preceding the date that such delisting or suspension occurs. 
 (b)    By 5:00 P.M.,
New York City time, on the fifth New York Business Day preceding the Expiration Date or the Delisting Date, as the case may be, the Warrant Agent shall advise the Company or the number of Unexercised Warrants outstanding after 3:00 P.M., New York
City time, on such day. The Warrant Agent shall, on the New York Business Day following the Expiration Date or the Delisting Date, as the case may be, (i) obtain the Spot Rate and determine the Cash Settlement Value (in the manner provided in
paragraph (f) of Section 2.02, except that the Spot Rate shall be the Spot Rate on the New York Business Day next succeeding the Expiration Date or the Delisting Date, as the case may be) of the Unexercised Warrants, (ii) advise the
Company of the Spot Rate and the Cash Settlement Value of the Unexercised Warrants evidenced by the Global Warrant Certificate, and (iii) advise the Company of such other matters relating to the Unexercised Warrants as the Company shall
reasonably request. Provided that the Company has made adequate funds available to the Warrant Agent in a timely manner which shall, in no event, be later than 3:00 P.M., New York City time, on the third New York Business Day following the
Expiration Date or the Delisting Date, as the case may be, the Warrant Agent will make its treasurer’s check or an official bank check available to the Depository against receipt by the Warrant Agent from the Depository of the Global Warrant
Certificate on the third New York Business Day following the Expiration Date, such check to be in the amount of the aggregate Cash Settlement Value 
  

	*	in the case of Put Warrants. 

	**	in the case of Call Warrants. 

  

 12. 

 in respect of the number of Unexercised Warrants evidenced by the Global Warrant Certificate at the close of business on
the Expiration Date. The Warrant Agent shall promptly cancel the Global Warrant Certificate following its receipt thereof from the Depository. 
 (c)    The Company will notify the Holders, or will cause the Holders to be notified, as promptly as is practicable of any expected delisting or suspension of trading of the Warrants. 
 SECTION 2. 04.    Covenant of the Company. The Company covenants, for the benefit of the Holders, that it will not seek the
delisting of the Warrants, or suspension of their trading on, the                      Stock Exchange. 
 SECTION 2. 05.    Return of Global Warrant Certificate. At such time as all of the Warrants have been exercised, deemed
automatically exercised or otherwise cancelled, the Warrant Agent shall return the cancelled Global Warrant Certificate to the Company. 
 SECTION 2. 06.    Return of Money Held Unclaimed for Two Years. Any money deposited with or paid to the Warrant Agent for the payment of the Cash Settlement Value of any Warrants and not applied but remaining
unclaimed for two years after the date upon which such Cash Settlement Value shall have become due and payable, shall be repaid by the Warrant Agent to the Company and the Holder of such Warrants shall thereafter look only to the Company for any
payment which such Holder may be entitled to collect and all liability of the Warrant Agent with respect to such money shall thereupon cease; provided, however, that the Warrant Agent, before making any such repayment, may at the
expense of the Company notify the Holders concerned that said money has not been so applied and remains unclaimed and that after a date named therein any unclaimed balance of said money then remaining will be returned to the Company. 
 SECTION 2. 07.    Designation of Agent for Receipt of Notice. The Company may from time to time designate in writing to the
Warrant Agent a designee for receipt of all notices required to be given by the Warrant Agent pursuant to this Article II and all such notices thereafter shall be given in the manner herein provided by the Warrant Agent to such designee. 

 

 13. 

 ARTICLE III 
 OTHER PROVISIONS RELATING TO 
 RIGHTS OF HOLDERS 
 SECTION 3.01.    Holder of Warrant May Enforce Rights.    Notwithstanding any of the provisions of this
Agreement, any holder, without the consent of the Warrant Agent, may, in and for his own behalf, enforce, and may institute and maintain any suit, action or proceeding against the Company suitable to enforce, or otherwise in respect of, his right to
exercise, and to receive payment for, his Warrants as provided in the Global Warrant certificate and in this Agreement. 
 SECTION
3.02.    Merger, Consolidation, Sale, Transfer or Conveyance.    If at any time there shall be a merger, consolidation, sale, transfer, conveyance or other disposition of substantially all of the assets
of the Company, then in any such event the successor or assuming corporation shall succeed to and be substituted for the Company, with the same effect as if it had been named herein and in the Warrants as the Company, the Company shall thereupon be
relieved of any further obligation hereunder or under the Warrants, and, in the event of any such sale, transfer, conveyance (other than by way of lease) or other disposition, the Company as the predecessor corporation may thereupon or at any time
thereafter be dissolved, wound up or liquidated. Such successor or assuming corporation thereupon may cause to be signed, and may issue either in its own name or in the name of the Company, a new Global Warrant Certificate representing the Warrants
not therefore exercised, in exchange and substitution for the Global Warrant Certificate theretofore issued. Such Global Warrant Certificate shall in all respects have the same legal rank and benefit under this Agreement as the Global Warrant
Certificate theretofore issued in accordance with the terms of this Agreement as though such new Global Warrant Certificate had been issued at the date of the execution hereof. In any case of any such consolidation, merger, sale, transfer,
conveyance or other disposition of substantially all of the assets of the Company, such changes in phraseology and form (but not in substance) may be made in the new Global Warrant Certificate as may be appropriate. 
 The Warrant Agent may receive a written opinion of legal counsel as conclusive evidence that any such consolidation, merger, sale, transfer, conveyance
or other disposition of substantially all of the assets of the Company complies with the provisions of this Section 3.02 and that the assumption of this Agreement by the successor or assuming corporation is effective. 
  

 14. 

 ARTICLE IV 
 CANCELLATION OF WARRANTS 
 SECTION 4.01.    Cancellation of Warrants. In
the event the Company shall purchase or otherwise acquire Warrants, such Warrants may, at the option of the Company and upon notification to the Warrant Agent, be surrendered free through a Depository Participant for credit to the Warrant Account
and if so credited the Warrant Agent shall promptly note the cancellation of such Warrants by notation on the records of the Warrant Agent. 
 SECTION 4.02.    Treatment of Holders. The Company, the Warrant Agent and any agent of the Company or the Warrant Agent may deem and treat the person in whose name the Global Warrant Certificate shall be
registered in the records of the Warrant Agent as the absolute owner of such Global Warrant Certificate (notwithstanding any notation of ownership or other writing thereen) for any purpose and as the person entitled to exercise the rights
represented by the Warrants evidenced hereby, and neither the Company nor the Warrant Agent, nor any agent of the Company or the Warrant Agent shall be affected by any notice to the contrary, except that the Warrant Agent and the Company shall be
entitled to rely on and act pursuant to instructions of Depository Participants as contemplated by Article II of this Agreement. This Section 4.02 shall be without prejudice to the rights of Holders as described elsewhere herein. 
 ARTICLE V 
 CONCERNING THE WARRANTS
AGENT 
 SECTION 5.01.    Warrant Agent. The Company hereby appoints
                     as Warrant Agent of the Company in respect of the Warrants and the Global Warrant Certificate upon the terms and subject
to the conditions set forth herein and in the Global Warrant Certificate; and
                                        
hereby accepts such appointment. The Warrant Agent shall have the powers and authority granted to and conferred upon it in the Global Warrant Certificate and hereby and such further powers and authority acceptable to it to act on behalf of the
Company as the Company may hereafter grant to or confer upon it. All of the terms and provisions with respect to such powers and authority contained in the Global Warrant Certificate are subject to and governed by the terms and provisions hereof.

  

 15. 

 SECTION 5.02.    Conditions of Warrant Agent’s Obligations. The Warrant
Agent accepts its obligations herein set forth upon the terms and conditions hereof and of the Global Warrant Certificate, including the following, to all of which the Company agrees and to all of which the rights hereunder of the Holders from time
to time of the Warrants shall be subject: 
 (a)    The Company agrees promptly to pay the Warrant Agent
the compensation to be agreed upon with the Company for all services rendered by the Warrant Agent and to reimburse the Warrant Agent for its reasonable out-of-pocket expenses (including counsel fees and expenses) incurred by the Warrant Agent
without negligence, bad faith or breach of this Agreement on its part in connection with the services rendered by it hereunder. The Company also agrees to indemnify the Warrant Agent for, and to hold it harmless against, any loss, liability or
expense (including reasonable attorneys’ fees and expenses) incurred without negligence, bad faith or breach of this Agreement on the part of the Warrant Agent, arising out of or in connection with its acting as such Warrant Agent hereunder or
with respect to the Global Warrant Certificate, as well as the reasonable costs and expenses of defending against any claim of liability in the premises. 
 (b)    In acting under this Warrant Agreement and in connection with the Global Warrant Certificate, the Warrant Agent is acting solely as agent of the Company and does not assume any obligation or
relationship of agency or trust for or with any of the owners or Holders of the Warrants. 
 (c)    The
Warrant Agent may consult with counsel satisfactory to it, and the opinion of such counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in accordance
with the opinion of such counsel. 
 (d)    The Warrant Agent shall be protected and shall incur no
liability for or in respect of any action taken or omitted or thing suffered by it in reliance upon any Global Warrant Certificate, notice, direction, consent, certificate, affidavit, statement or other paper or document reasonably believed by it to
be genuine and to have been presented or signed by the proper parties. 
 (e)    The Warrant Agent, and
its officers, directors and employees, may become the owner of, or acquire any interest in, any Warrants or other obligations of the Company, with the same rights that it or they would have if it were not the 
  

 16. 

 Warrant Agent hereunder, and, to the extent permitted by applicable law, it or they may engage or be interested in any
financial or other transaction with the Company and may not on, or as depositary, trustee or agent for, any committes or body of Holders of Warrants or other obligations of the Company as freely as if it were not the Warrant Agent hereunder.

 (f)    The Warrant Agent shall not be under any liability for interest on any monies at any time received by it
pursuant to any of the provisions of this Agreement or of the Global Warrant Certificate nor shall it be obligated to segregate such monies from other monies held by it, except as required by law. The Warrant Agent shall not be responsible for
advancing funds on behalf of the Company. 
 (g)    The Warrant Agent shall not be under any responsibility with respect
to the validity or sufficiency of this Agreement or the execution and delivery hereof (except the due execution and delivery hereof by the Warrant Agent) or with respect to the validity or execution of the Global Warrant Certificate (except its
countersignature thereof). 
 (h)    The recitals contained herein and in the Global Warrant Certificate (except as to
the Warrant Agent’s countersignature thereon) shall be taken as the statements of the Company and the Warrant Agent assumes no responsibility for the correctness of the same. 
 (i)    The Warrant Agent shall be obligated to perform only such duties as are herein and in the Global Warrant Certificate
specifically set forth and no implied duties or obligations shall be read into this Agreement or the Global Warrant Certificate against the Warrant Agent. The Warrant Agent shall not be under any obligation to take any action hereunder likely to
involve it in any expense or liability, the payment of which is not, in its reasonable opinion, assured to it. The Warrant Agent shall not be accountable or under any duty or responsibility for the use by the Company of the Global Warrant
Certificate countersigned by the Warrant Agent and delivered by it to the Company pursuant to this Agreement or for the application by the Company of any proceeds. The Warrant Agent shall have no duty or responsibility in case of any default by the
Company in the performance of its covenants or agreements contained herein or in the Global Warrant Certificate or in the case of the receipt of any written demand from a Holder of a Warrant with respect to such default, except as provided in
Section 6.02 hereof, including, without limiting the generality of the 
  

 17. 

 foregoing, any duty or responsibility to initiate or attempt to initiate any proceedings at law or otherwise or to make
any demand upon the Company. 
 (j)    Unless herein or in the Global Warrant Certificate otherwise specifically
provided, any order, certificate, notice, request, direction or other communication from the Company made or given by the Company under any provision of this Agreement shall be sufficient if signed by its President, Chairman of the Board, officer
serving as Chief Financial officer, Treasurer, any Executive Vice President or any Vice President. 
 SECTION
5.0.3.    Resignation and Appointment of Successor. 
 (a)    The Company agrees, for the
benefit of the Holders from time to time of the Warrants, that there shall at all times be a Warrant Agent hereunder until all the Warrants are no longer exercisable. 
 (b)    The Warrant Agent may at any time resign as such agent by giving written notice to the Company of such intention on its part, specifying the date on which its desired resignation shall
become effective, subject to the appointment of a successor Warrant Agent, and acceptance of such appointment by such successor Warrant Agent, as hereinafter provided. The Warrant Agent hereunder may be removed at any time by the filling with it of
an instrument in writing signed by or on behalf of the Company and specifying such removal and the date when it shall become effective. Such resignation or removal shall take effect upon the appointment by the Company, as hereinafter provided, of a
successor Warrant Agent (which shall be a banking institution organized under the laws of the United States of America, or one of the states thereof and having an office or an agent’s office south of Chambers Street in the Borough of Manhattan.
The City of New York) and the acceptance of such appointment by such successor Warrant Agent. In the event a successor Warrant Agent has not been appointed and accepted its duties within 90 days of the Warrant Agent’s notice of resignation, the
Warrant Agent may apply to any court of competent jurisdiction for the designation of a successor Warrant Agent. The obligation of the Company under Section 5.02(a) shall continue to the extent set forth therein notwithstanding the resignation or
removal of the Warrant Agent and shall survive the termination of this Agreement. 
  

 18. 

 (c)    In case at any time the Warrant Agent shall resign, it shall be removed, or
shall become incapable of acting, or shall be adjudged bankrupt or insolvent, or make an assignment for the benefit of its creditors or consent to the appointment of a receiver or custodian of all or any substantial part of its property, or shall
admit in writing its inability to pay or meet its debts as they mature, or if a receiver or custodian of it or all or any substantial part of its property shall be appointed, or if any public officer shall have taken charge or control of the Warrant
Agent or of its property or affairs, for the purpose of rehabilitation, conservation or liquidation, a successor Warrant Agent, qualified as aforesaid, shall be appointed by the Company by an instrument in writing, filed with the successor Warrant
Agent. Upon the appointment as aforesaid of a successor Warrant Agent and acceptance by the latter of such appointment, the Warrant Agent so superseded shall cease to be Warrant Agent hereunder. 
 (d)    Any successor Warrant Agent appointed hereunder shall execute, acknowledge and deliver to its predecessor and to the Company
an instrument accepting such appointment hereunder, and thereupon such successor Warrant Agent, without any further act, deed or conveyance, shall become vested with all the authority, rights, powers, trusts, immunities, duties and obligations of
such predecessor with like effect as if originally named as Warrant Agent hereunder, and such predecessor, upon payment of its charges and disbursements then unpaid, shall thereupon become obligated to transfer, deliver and pay over, and such
successor Warrant Agent shall be entitled to receive, all monies securities and other property on deposit with or held by such predecessor, as Warrant Agent hereunder. 
 (e)    Any corporation into which the Warrant Agent hereunder may be merged or converted or any corporation with which the Warrant Agent may be consolidated, or any corporation resulting from any
merger, conversion or consolidation to which the Warrant Agent shall be a party, or any corporation to which the Warrant Agent shall sell or otherwise transfer all or substantially all of the corporate trust business of the Warrant Agent, provided
that it shall be qualified as aforesaid, shall be the successor Warrant Agent under this Agreement without the execution or filing of any paper or any further act on the part of any of the parties hereto. 
  

 19. 

 ARTICLE VI 
 MISCELLANEOUS 
 SECTION 6.01.    Amendment.
(a)    This Agreement and the Global Warrant Certificate may be amended by the Company and the Warrant Agent, without the consent of the Holder of the Global Warrant Certificate or the Holders, for the purpose of curing any
ambiguity, or of curing, correcting or supplementing any defective or inconsistent provision contained herein or therein, for the purpose of appointing a successor Depository in accordance with paragraph (d) of Section 1.01, for the purpose of
issuing Warrants in definitive form in accordance with paragraph (a) of Section 1.01, or in any other manner which the Company may deem to be necessary or desirable and which will not materially and adversely affect the interests of the
Holders of the Warrants. Notwithstanding anything in this Section 6.01 to the contrary, this Agreement may not be amended to provide for the counter-signing by the Warrant Agent of one or more Global Warrant Certificates evidencing in excess of
                    Warrants originally issued. 
 (b)    The Company and the Warrant Agent may modify or amend this Agreement and the Global Warrant Certificate, with the consent of the Holders holding not fewer than a majority in number of the
then outstanding Unexercised Warrants affected by such modification or amendment, for any purpose; provided, however, that no such modification or amendment that increases the Strike Price in the case of a Call Warrant, or decreases
the Strike Price in the case of a Put Warrant, shortens the period of time during which the Warrants may be exercised, or otherwise materially and adversely affects the exercise rights of the Holders or reduces the percentage of the number of
outstanding Warrants the consent of the Holders of which is required for modification or amendment of this Agreement or the Global Warrant Certificate may be made without the consent of each Holder affected thereby. 
 SECTION 6.02.    Notices and Demands to the Company and Warrant Agent. If the Warrant Agent shall receive any notice or demand
addressed to the Company by any Holder pursuant to the provisions of the Global Warrant Certificate, the Warrant Agent shall promptly forward such notice or demand to the Company. 
  

 20. 

 SECTION 6.03.    Addresses for Notices. Any communications from the Company to
the Warrant Agent with respect to this Agreement shall be addressed to [name of Warrant Agent], [address], New York
(facsimile:                    )
(telephone:                    ), Attention: Corporate Trust Department; any communications from the Warrant Agent to the Company with respect
to this Agreement shall be addressed to Coca-Cola Enterprises Inc., [address] (facsimile:                     ) (telephone:
(                    ), Attention: Treasurer (first copy) and Secretary (second copy); and any communications from the Warrant Agent to the Spot Rate
Reference Bank with respect to this Agreement shall be addressed to                             ,
[address], Attention: Corporate Foreign Exchange (facsimile:                     ] (telephone:
                    ), Attention:
                    (or such other address as shall be specified in writing by the Warrant Agent, the Company or the Spot Rate Reference Bank,
respectively). 
 SECTION 6.04.    Notices to Holders. The Company or the Warrant Agent may cause to have notice
given to the Holders of Warrant by providing the Depository with a form of notice to be distributed by the Depository to Depository Participants in accordance with the custom and practices of the Depository. 
 SECTION 6.05.    Applicable Law. The validity, interpretation and performance of this Agreement and each Warrant issued
hereunder and of the respective terms and provisions thereof shall be governed by the laws of the State of New York. 
 SECTION
6.06.    Obtaining of Governmental Approvals. The Company will from time to time take all action which may be necessary to obtain and keep effective any and all permits, consents and approvals of governmental agencies and
authorities and the                     . Stock Exchange and securities acts filings under United States Federal and State laws, which may be
or become requisite in connection with the issuance, sale, trading, transfer or delivery of the Warrants, the Global Warrant Certificate and the exercise of the Warrants. 
 SECTION 6.07.    Persons Having Rights Under Warrant Agreement. Nothing in this Agreement expressed or implied and nothing that may be inferred from any of the provisions hereof is intended,
or shall be construed, to confer upon, or give to, any person or corporation other than the Company, the Warrant Agent, the registered Holder of the Global Warrant Certificate and the Holders any right, remedy or claim 
  

 21. 

 under or by reason of this Agreement or of any covenant, condition, stipulation, promise or agreement hereof; and all
covenants, conditions, stipulations, promises and agreements in this Agreement contained shall be for the sole and exclusive benefit of the Company and the Warrant Agent and their successors and of the registered Holder of the Global Warrant
Certificate and the Holders. 
 SECTION 6.08.    Headings. The descriptive headings of the several Articles and
Sections of this Agreement are inserted for convenience only and shall not control or affect the meaning or construction of any of the provisions hereof. 
 SECTION 6.09.    Counterparts. This Agreement may be executed in any number of counterparts, each of which so executed shall be deemed to be an original; but such counterparts shall together
constitute but one and the same instrument. 
 SECTION 6.10.    Inspection of Agreement. A copy of this Agreement
shall be available at all reasonable times at the principal corporate trust office of the Warrant Agent, for inspection by the registered holder of the Global Warrant Certificate, Depository Participants and Holders. 
  

 22. 

 IN WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the day and year
first above written. 
  

			
	COCA-COLA ENTERPRISES INC.
		
	By	 	  
	[Title]	 	
	
	[name of Warrant Agent]
		
	By	 	  
	[Title]	 	

  

 23. 

 EXHIBIT A 
 EXERCISABLE ONLY IF COUNTERSIGNED BY THE 
 WARRANT AGENT AS PROVIDED HEREIN 
  

			
	No.	 	CUSIP No.                     

 GLOBAL WARRANT CERTIFICATE 
 representing 
 up to
                     Currency [Put/Call] Warrants 
 Expiring                     , 20     
 COCA-COLA ENTERPRISES INC. 
 This certifies
that [CEDE & Co.] or registered assigns is the registered Holder of                      Currency [Call/Put] Warrants (the
“Warrants”) or such lesser amount as is indicated in the records of [name of Warrant Agent], as Warrant Agent. Each Warrant entitles the beneficial owner thereof (a “Holder”), subject to the provisions contained herein and in the
Warrant Agreement referred to below, to receive from Coca-Cola Enterprises Inc. (the “Company”) the cash settlement value (the “Cash Settlement Value”) of the right to [sell/purchase]
                     at a price of U.S. [$50], as further described below. Holders will not be entitled to any interest on any Cash Settlement
Value to which they are otherwise entitled (unless the Company shall default in the payment of such Cash Settlement Value). The Warrants may be exercised at or prior to 3:00 P.M., New York City time, on any New York Business Day from their date of
issuance until 3:00 P.M., New York City time, on the fifth New York Business Day Preceding (i) their expiration on                     ,
20     (the “Expiration Date”) or (ii) the date of earlier automatic exercise as further described below and as provided in the Warrant Agreement. Except in the case of automatic exercise, not fewer than
[2,000] Warrants may be exercised by or on behalf of any one Holder on any one day. Reference herein to “U.S. dollars” or “U.S.$” are to the currency of the United States of America. References to
                     or
                     are to the currency of
                    . The term “New York Business Day”, as used herein, means any day other than a Saturday or Sunday or a day on
which commercial banks in New York City are required or authorized to be closed. 
  

 A-1 

 This Global Warrant Certificate is issued under and in accordance with the Warrant Agreement, dated as of
                    , 20     (the “Warrant Agreement”), between the Company and the Warrant Agent, and is
subject to the terms and provisions contained in the Warrant Agreement, to all of which terms and provisions all beneficial owners of the Warrants evidenced by this Global Warrant Certificate and the Holder of this Global Warrant Certificate consent
by acceptance hereof by the Depository (as defined below). Copies of the Warrant Agreement are on file at the principal corporate trust office of the Warrant Agent in New York City. Except as provided in the Warrant Agreement, Holders will not be
entitled to receive definitive Warrants evidencing their Warrants. Warrant holdings will be held through a depository selected by the Company which initially is The Depository Trust Company (the “Depository”, which term, as used herein,
includes any successor depository selected by the Company) as further provided in the Warrant Agreement. 
 Capitalized terms included herein
but not defined herein have the meanings assigned thereto in the Warrant Agreement. 
 The Cash Settlement Value of an exercised Warrant will
be an amount stated in U.S. dollars which is the greater of (i) zero and (ii) the amount computed by subtracting [from 50] * [50 from]** an amount equal to 50 times a fraction, the numerator of which is the Spot Rate on the Exercise Date
and the denominator of which is                      (except in the case of automatic exercises as described below). The “Spot Rate”
on any date will be the offered spot rate of                      U.S. dollars for
                     as quoted by
                     at 10:00 A.M., New York City time, on such date or, if such bank is not quoting such rate at such time, the rate quoted
by such other leading bank in the foreign exchange markets as may be selected by the Company in good faith and notified to the Warrant Agent. 
 Subject to the provisions hereof and of the Warrant Agreement, each Warrant shall be deemed to be exercised on the next New York Business Day after the New York Business Day on which the notice of exercise in good form is received by the
Warrant Agent at or prior to 3:00 P.M., New York City time, on such date (the “Exercise Date”). If the Warrant Agent receives such notice of exercise after 3:00 P.M., New York City time, on such date, such notice shall be deemed to

	*	in the case of Put Warrants. 

  

	**	in the case of Call Warrants. 

  

 A-2 

 have been received at or prior to 3:00 P.M., New York City time, on the next New York Business Day, and in such event the
Exercise Date shall be the second New York Business Day succeeding the date on which the Warrant Agent actually received such notice. If the notice of exercise is not rejected as provided in the Warrant Agreement, the Warrant Agent will obtain the
Spot Rate and determine the Cash Settlement Value of the exercised Warrants in the manner described in the Warrant Agreement. Any notice of exercise received after 3:00 P.M., New York City time, on the fifth New York Business Day preceding the
Expiration Date or the date of earlier automatic exercise as further described below and as provided in the Warrant Agreement shall be void and of no effect and shall be deemed not to have been delivered. Provided that the Company has made adequate
funds available to the Warrant Agent in a timely manner, the Warrant Agent will be responsible for making its payment available by treasurer’s check or official bank check to the Depository on the second New York Business Day following an
Exercise Date (the “Settlement Date”), all as provided in the Warrant Agreement, such payment to be in the amount of the aggregate Cash Settlement Value in respect of such exercised warrants for which delivery has been accepted by the
Warrant Agent. If any Depository Participant fails to transfer by 11:30 A.M., New York city time, on the Settlement Date the Warrants with respect to which it delivered a notice of exercise, such Depository Participant will be liable to the Company
as provided in the notice of exercise and be subject to all of the provisions set forth therein and in the Warrant Agreement. 
 The Warrant
Agent will promptly cause its records to be marked to reduce the number of Unexercised Warrants evidenced by this Global Warrant Certificate by the number of Warrants transferred to the Warrant Agent’s Depository Participant Account (No. ) from
time to time. 
 All Warrants with respect to which no notice of exercise in good form has been received by the Warrant Agent by 3:00 P.M.,
New York City time, on the fifth New York Business Day preceding the earliest to occur of (i) the Expiration Date, (ii) the close of business on the New York Business Day on which the Warrants are delisted from the
                     stock Exchange, and (iii) the close of business on the New York Business Day that the Warrants are permanently suspended
from trading on the                      Stock Exchange, will be automatically exercised, without any required delivery of notice of exercise
from the Depository Participant to the Warrant Agent, in the case of clause (i), as of the Expiration Date, in the case of clause (ii), as of the date of such delisting, and, in the case of (iii), as of the date of such suspension. 
  

 A-3 

 The Cash Settlement Value of such Warrants will be determined as provided above, except that, in the case of clause (i),
the Spot Rate shall be the Spot Rate on the New York Business Day next succeeding the Expiration Date and, in the case of clauses (ii) and (iii), the Spot Rate shall be the Spot Rate on the New York Business Day following the date of such delisting
or suspension, as the case may be. The Settlement Date with respect to any such automatically exercised warrants shall be the third New York Business Day following the Expiration Date or the date of such delisting or permanent suspension.

 The Company, the Warrant Agent and any agent of the Company or the Warrant Agent may deem and treat the registered owner hereof as the
absolute owner of the Warrants evidenced hereby (notwithstanding any notation of ownership or other writing hereon) for any purpose and as the person entitled to hereby, and neither the Company nor the Warrant Agent nor any agent of the Company or
the Warrant Agent shall be affected by any notice to the contrary, subject to certain provisions of the Warrant Agreement, except that the Company and the Warrant Agent shall be entitled to rely on and act pursuant to instructions of Depository
Participants as contemplated herein and in the Warrant Agreement. 
 Subject to the terms of the Warrant Agreement, upon due presentment for
registration of transfer of this Global Warrant Certificate at the principal corporate trust office of the Warrant Agent in New York City, the Company shall execute and the Warrant Agent shall countersign and deliver in the name of the designated
transferee a new Global Warrant Certificate of like tenor and evidencing a like number of Unexercised Warrants as evidenced by this Global Warrant Certificate at the time of such registration of transfer shall be issued to the designated transferee
in exchange for this Global Warrant Certificate, subject to the limitations provided in the Warrant Agreement, without charge. 
 This Global
Warrant Certificate and the Warrant Agreement are subject to amendment as provided in the Warrant Agreement. 
 This Global Warrant
Certificate shall not be valid or obligatory for any purpose until countersigned by the Warrant Agent. 
  

 A-4 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its corporate seal.

 Dated as of                     ,
20     
  

					
		 	COCA-COLA ENTERPRISES INC.
			
	 	 	By:	 	  
	[SEAL]	 		 	(title)
		 		 	
		 	Attest	 	 
		 		 	(title)

 Countersigned on the date above written: 
  

			
		 	 [name of Warrant Agent],
       as Warrant Agent

		
	BY	 	  
		 	(title)

  

 A-5 

 Form of Transfer of Global Warrant Certificate 
                                       
              , as Warrant Agent 
 Corporate Trust Department 
 [address] 
 (Telex:
                    ) 
 (Facsimile:
                            ) 
                                       
  , the registered Holder of the Global Warrant Certificate representing all unexercised Coca-Cola Enterprises Inc. Currency [Put/Call] Warrants Expiring
                    , 20    , hereby requests the transfer of such Global Warrant Certificate to
                                    . 
  

					
	Dated:                             	  	[NAME OF REGISTERED HOLDER]
			
		  	By	  	 

  

 A-6

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