Document:

ATLANTIC COAST FEDERAL CORP.
                    2008 EXECUTIVE DEFERRED COMPENSATION PLAN

     WHEREAS, Atlantic Coast Federal Corp. (the "Company") desires to ensure the
continued service of its members of executive  management (each an "Executive");
and

     WHEREAS,  the  Company  wishes  to  establish  this plan  (the  "Plan")  of
nonqualified  deferred  compensation  effective  as of January 1, 2008,  for the
benefit of its Executives  that will provide such  Executives with an additional
means of supplemental or retirement income; and

     WHEREAS, Section 409A of the Internal Revenue Code of 1986, as amended (the
"Code")  requires  that  certain  types of  nonqualified  deferred  compensation
arrangements  comply  with its terms and the  Treasury  Regulations  promulgated
thereunder, or the recipient of such compensation shall be subject to additional
taxes and penalties.

     NOW, THEREFORE, this Plan is hereby adopted by the Company, as follows:

                                    ARTICLE I
                                     PURPOSE

     The purpose of this Plan is to provide  current tax planning  opportunities
as well as  supplemental  funds for  retirement  or death for  Executives of the
Company through a plan of nonqualified deferred compensation.  The Plan shall be
effective  January  1,  2008.  The Plan is not  intended  to be a  tax-qualified
retirement plan under Code Section  401(a).  The Plan is intended to comply with
Code  Section  409A and any  regulatory  or other  guidance  issued  under  such
Section.  Any terms of the Plan that  conflict  with Code  Section 409A shall be
null and void as of the effective  date of the Plan.  For purposes of this Plan,
any reference to the "Bank" shall mean  Atlantic  Coast Bank,  the  wholly-owned
subsidiary of the Company.

                                   ARTICLE II
                                  DEFINITIONS

     For the  purposes  of this Plan,  the  following  terms  have the  meanings
indicated, unless the context clearly indicates otherwise:

     2.1 Account.  "Account"  means the Account as  maintained by the Company in
accordance with Article IV with respect to any deferral of Compensation pursuant
to this Plan. An  Executive's  Account shall be utilized  solely as a device for
the  determination  and  measurement  of the amounts to be paid to the Executive
pursuant to the Plan. An Executive's  Account shall not constitute or be treated
as a trust fund of any kind.

     2.2 Base Salary. "Base Salary" means the Executive's base annual salary for
the applicable Plan Year.

     2.3  Beneficiary.  "Beneficiary"  means the  person or  persons  (and their
heirs)   designated  as  Beneficiary  by  the  Executive  (on  the   beneficiary

<PAGE>

designation form attached hereto as Exhibit B) to whom the deceased  Executive's
benefits are payable.  If no Beneficiary is so designated,  then the Executive's
spouse, if living, will be deemed the Beneficiary.  If the Executive's spouse is
not living,  then the children of the Executive will be deemed the Beneficiaries
and will take on a per stirpes basis. If there are no living children,  then the
estate of the Executive will be deemed the Beneficiary.

     2.4 Board. "Board" means the Board of Directors of the Company.

     2.5 Bonus.  "Bonus" means earnings awarded to the Executive,  at the option
of the Company, which may or may not occur during each Plan Year.

     2.6  Cause.  Termination  for  "Cause"  shall mean  termination  because of
Executive's personal  dishonesty,  incompetence,  willful misconduct,  breach of
fiduciary duty involving personal profit,  material breach of the Bank's Code of
Ethics,  material violation of the  Sarbanes-Oxley  requirements for officers of
public companies,  that in the reasonable opinion of the Board will likely cause
substantial  financial harm or substantial  injury to the reputation of the Bank
or the Company,  willfully engaging in actions that in the reasonable opinion of
the Board will likely cause substantial  financial harm or substantial injury to
the  business  reputation  of the Bank,  intentional  failure to perform  stated
duties,  willful  violation of any law, rule or  regulation  (other than routine
traffic  violations or similar  offenses) or final  cease-and-desist  order,  or
material breach of any provision of this Plan.

     2.7 Change in Control.  (a) "Change in Control"  shall mean (i) a change in
the  ownership of the  Company,  (ii) a change in the  effective  control of the
Company,  or (iii) a change in the  ownership  of a  substantial  portion of the
assets of the Company,  as described below.  Notwithstanding  anything herein to
the  contrary,  the  reorganization  of the  Company  by way  of a  second  step
conversion shall not be deemed to be a Change in Control.

         (b) A change in the ownership of a corporation  occurs on the date that
any one  person,  or more  than one  person  acting as a group  (as  defined  in
Treasury Regulations section 1.409A-3(i)(5)(v)(B)),  acquires ownership of stock
of the  Company  that,  together  with  stock  held by  such  person  or  group,
constitutes  more than 50 percent of the total fair market value or total voting
power  of the  stock of such  corporation.  For  these  purposes,  a  change  in
ownership  will not be deemed to have  occurred  if no stock of the  Company  is
outstanding.

         (c) A change in the effective control of the Company occurs on the date
that  either (i) any one person,  or more than one person  acting as a group (as
defined in Treasury Regulations section  1.409A-3(i)(5)(v)(B))  acquires (or has
acquired  during  the  12-month  period  ending  on the date of the most  recent
acquisition  by such  person  or  persons)  ownership  of stock  of the  Company
possessing  30  percent or more of the total  voting  power of the stock of such
Company,  or (ii) a majority of the members of the Company's  board of directors
is  replaced  during any  12-month  period by  directors  whose  appointment  or
election is not endorsed by a majority of the members of the Company's  board of
directors prior to the date of the  appointment or election,  provided that this
sub-section "(ii)" is inapplicable  where a majority  shareholder of the Company
is another corporation.

                                       2
<PAGE>

         (d) A change in a substantial portion of the Company's assets occurs on
the date  that any one  person  or more  than one  person  acting as a group (as
defined in Treasury Regulations section 1.409A-3(i)(5)(vii)(C)) acquires (or has
acquired  during  the  12-month  period  ending  on the date of the most  recent
acquisition by such person or persons) assets from the Company that have a total
gross fair market value equal to or more than 40 percent of the total gross fair
market value of (i) all of the assets of the  Company,  or (ii) the value of the
assets being  disposed of, either of which is determined  without  regard to any
liabilities  associated  with  such  assets.  For all  purposes  hereunder,  the
definition  of Change in Control  shall be construed to be  consistent  with the
requirements  of  Treasury  Regulations  section  1.409A-3(i)(5),  except to the
extent that such proposed regulations are superseded by subsequent guidance.

     2.8 Code. "Code" means the Internal Revenue Code of 1986, as amended.

     2.9 Committee.  "Committee" means the Committee appointed to administer the
Plan pursuant to Article VI.

     2.10 Company. "Company" means Atlantic Coast Federal Corp. or any successor
to  the  business  thereof,  and  any  affiliated  or  subsidiary   corporations
designated by the Board.

     2.11 Compensation.  "Compensation" means the Base Salary and Bonus to which
the Executive becomes entitled during the Deferral Period.

     2.12  Deferral  Period.  "Deferral  Period" means the period of months over
which an  Executive  has  elected to defer a portion of his  Compensation.  Each
calendar year shall be a separate Deferral Period.

     2.13 Executive. "Executive" means an executive officer who is designated by
the Board to participate in the Plan.  Individuals  initially  designated by the
Board to participate  in the Plan are identified on Schedule A attached  hereto.
Persons  who become  eligible  following  the  adoption of the Plan shall be set
forth on Schedule A upon designation by the Board.

     2.14 Plan Benefit. "Plan Benefit" means the benefit payable to an Executive
as calculated in Article V.

     2.15 Plan Year. "Plan Year" means the period from January 1 to December 31.

     2.16  Separation  from  Service.   "Separation   from  Service"  means  the
Executive's  death,  retirement  or other  termination  of  employment  with the
Company  within the meaning of Code Section  409A.  No  Separation  from Service
shall be deemed to occur due to  military  leave,  sick leave or other bona fide
leave of  absence  if the period of such leave does not exceed six months or, if
longer,  so long as the Executive's  right to reemployment is provided by law or
contract.  If the  leave  exceeds  six  months  and  the  Executive's  right  to
reemployment is not provided by law or by contact, then the Executive shall have
a Separation from Service on the first date immediately following such six-month
period.

    Whether a  termination  of employment  has occurred is  determined  based on
  whether the facts and  circumstances  indicate  that the Company and Executive

                                       3
<PAGE>

  reasonably  anticipated  that no further  services would be performed  after a
  certain  date or that the  level of bona fide  services  the  Executive  would
  perform  after  such  date  (whether  as an  employee  or  as  an  independent
  contractor)  would  permanently  decrease  to no more than 49% of the  average
  level of bona fide services performed over the immediately preceding 36 months
  (or such lesser period of time in which the  Executive  has provided  services
  for the Company).  The determination of whether the Executive has a Separation
  from  Service  shall be made by  applying  the  presumptions  set forth in the
  Treasury Regulations under Code Section 409A.

     2.17  Specified  Employee.  "Specified  Employee"  means with  respect to a
publicly traded company, an employee of the Company who is also a "key employee"
within  the  meaning of Code  Section  416(i),  without  regard to  paragraph  5
thereof.

     2.18  Trustee.  "Trustee"  means the Trustee,  if any, of any grantor trust
which may be established by the Company to accumulate  assets for the purpose of
funding the benefits promised under this Plan.

     2.19  Unforeseeable  Emergency.  "Unforeseeable  Emergency"  means a severe
financial hardship to the Executive resulting from:

         (a) an illness or accident of -

             (i) the Executive,

             (ii) the Executive's  spouse, or (iii) the Executive's  "dependent"
                  (as defined in Code Section 152(a));

         (b) loss of the Executive's property due to casualty; or

         (c) other similar extraordinary and unforeseeable circumstances arising
as a result of events beyond the Executive's  control.  The term  "Unforeseeable
Emergency" shall be construed consistent with Code Section 409A and the Treasury
Regulations and other guidance issued thereunder.

     2.20 Valuation Date.  "Valuation Date" means the last day of each Plan Year
and such other dates as determined form time to time by the Committee.

                                   ARTICLE III
                     PARTICIPATION AND DEFERRAL COMMITMENTS
                     --------------------------------------

     3.1 Eligibility and Participation.
         -----------------------------

         (a)  Eligibility.  Eligibility  to  participate  in the  Plan  shall be
limited to Executives.

         (b)  Participation.  An Executive may elect to  participate in the Plan
with respect to any Deferral  Period by submitting,  as to the initial  Deferral
Period,  a  Deferral  Election  Form (as set  forth at  Exhibit  A),  or,  as to

                                       4
<PAGE>

subsequent  Deferral Periods,  a Notice of Adjustment of Deferral (as defined in
Section 3.3 and attached  hereto as Exhibit C). The Deferral  Election Form must
be  submitted  to the  Committee  no  later  than  thirty  (30)  days  following
notification of the Executive of eligibility to  participate,  and such Deferral
Election  Form shall be  effective  only with regard to  Compensation  earned or
payable following the submission of the Deferral Election Form to the Committee.

     3.2 Form of  Deferral.  Except as  provided  in Section  3.1(b)  above,  an
Executive  may elect in the Deferral  Election  Form to defer any portion of his
Compensation (in whole percentages) for the calendar year following the calendar
year in which such Deferral Election Form is submitted.

     3.3 Adjustments to Deferred  Elections.  Deferral of the specific amount of
Compensation designated in the Executive's Deferral Election Form shall continue
in effect  pursuant  to the terms of this Plan  unless  and until the  Executive
amends  such  deferral  election by filing  with the  Administrator  a Notice of
Adjustment of Deferral. A Notice of Adjustment of Deferral shall be effective if
filed with the  Committee  at least  fifteen  (15) days prior to any January 1st
during the Executive's  Deferral  Period.  Such Notice of Adjustment of Deferral
shall be effective  commencing on the January 1st following its filing and shall
be applicable only to  Compensation  attributable to services not yet performed.
If a previously  eligible Executive fails to submit a new Deferral Election Form
or Notice of Adjustment of Deferral for a Deferral  Period,  the Committee shall
treat the most recently submitted Deferral Election Form or Notice of Adjustment
of Deferral as still in effect.

                                   ARTICLE IV
                         DEFERRED COMPENSATION ACCOUNTS
                         ------------------------------

     4.1  Accounts.  For  recordkeeping  purposes  only,  an  Account  shall  be
maintained for each Executive.  Separate  subaccounts shall be maintained to the
extent  necessary  to properly  reflect the  Executive's  total  vested  Account
balance.

     4.2 Elective  Deferred  Compensation.  The amount of  Compensation  that an
Executive  elects to defer  pursuant  to Section 3 shall be  withheld  from each
payment  of  Compensation  and  credited  to  the  Executive's  Account  as  the
nondeferred  portion of the  Compensation  becomes or would have become payable.
Any withholding of taxes or other amounts with respect to deferred  Compensation
which is  required  by state,  federal or local law shall be  withheld  from the
Executive's nondeferred Compensation.

     4.3  Determination  of  Accounts.  Each  Executive's  Account  as  of  each
Valuation Date will consist of the balance of the Executive's  Account as of the
immediately   preceding  Valuation  Date,  increased  by  Compensation  deferred
pursuant to the Executive's Deferral Election Form, or if applicable,  Notice of
Adjustment of Deferral form, and earnings,  and decreased by distributions  made
since that Valuation Date.

     4.4 Investment of Accounts.  Each Executive with an Account hereunder shall
have the right to  provide  investment  recommendations  to the  Committee  with
respect to amounts  credited to the Account of such  Executive.  Such investment
recommendations  shall be limited to requests to invest the Executive's  Account

                                       5
<PAGE>

in (i) stock of the  Company,  (ii) those assets that can be  liquidated  within
sixty (60) days with no loss of principal,  or (iii) such other  investments  as
may be approved by the Committee  from time to time. To the extent the Executive
has elected to invest his Account in stock of the Company,  he cannot thereafter
elect to diversify  such Company  stock into other assets that can be liquidated
within sixty (60) days with no loss of principal. Each investment recommendation
shall be  provided  to the  Committee  in writing,  provided,  however,  that an
Executive shall not be entitled to issue more than four such recommendations per
calendar  year.  Within ten (10) days of  receiving  an  Executive's  investment
recommendations,  the  Committee  shall  determined  whether to  implement  such
recommendations  or, if a rabbi trust has been  established  in connection  with
this Plan,  shall  forward  such  recommendations  to the  Trustee of such rabbi
trust.  The Committee or the Trustee,  as  applicable,  in its sole  discretion,
shall determine whether to implement the recommendations of an Executive and may
determine to execute such  recommendations in whole or in part. The Committee or
Trustee  shall  not be  responsible  for any  loss  incurred  as the  result  of
implementing  an Executive's  investment  recommendations.  If a rabbi trust has
been  established  in connection  with the Plan and the Executive has elected to
invest  his  Account  in stock  of the  Company  and  other  assets  that can be
liquidated within sixty (60) days with no loss of principal, then separate rabbi
trusts shall be established to hold stock of the Company,  and such other liquid
assets, respectively.

     4.5 Vesting of Accounts.  An Executive  shall be one hundred percent (100%)
vested at all times in the amount of  Compensation  elected to be deferred under
this Plan and earnings thereon.

     4.6  Statement of Accounts.  The Committee  shall submit to each  Executive
during the month of January a statement  setting forth the balance to the credit
of the Account  maintained  for the  Executive as of the  immediately  preceding
December.

                                       6

                                    ARTICLE V
                                    BENEFITS
                                    ---------

     5.1 Benefit Payment Upon Separation from Service.  Unless the Executive has
designated  a  specified  date  for  payments  to be made,  upon an  Executive's
Separation  from  Service  for  reasons  other  than  death or  Disability,  the
Executive  shall be entitled  to a  distribution  of his Account  payable in the
manner set forth in the Executive's Deferral Election Form. If the Executive has
not  specified  an  alternative  time and form of payment on his or her Deferral
Election Form, such payment shall be made in a lump sum within 30 days after the
Executive's Separation from Service.

     5.2  Benefit  Payment on  Specified  Date.  An  Executive  may elect in his
Deferral  Election  Form to have payments from his Account made or commence at a
specified date set forth in the Deferral  Election Form. Such specified date may
be before or after the  Executive's  Separation  from  Service.  However,  if an
Executive  fails to designate a specified  date,  payments will be made upon the
earliest of the Executive's Separation from Service, death or Disability.

     5.3 Death Benefit. Upon the death of an Executive, the Company shall pay to
the Executive's Beneficiary an amount determined as follows:

     If the Executive dies after  Separation from Service with the Company,  and
after  commencement  of  distributions,  the  remaining  unpaid  balance  of the
Executive's  vested  Account  shall be paid in the same form that  payments were
being  made  prior  to the  Executive's  death.  If  the  Executive  dies  after
Separation  from Service but before any  distributions  begin,  his  Beneficiary
shall  receive a lump sum  payment  of the  Executive's  Account  balance.  Such
payment to the Beneficiary shall completely discharge the Company's  obligations
under the Plan.

     If the Executive  dies prior to  Separation  from Service with the Company,
his  Account  shall be paid over the period and in the  manner  selected  by the
Executive in his Deferral  Election  Form. If the  Executive  fails to specify a
form of  payment,  his  Beneficiary  shall  receive  a lump sum  payment  of the
Executive's Account Balance, payable within thirty (30) days of Executive's date
of death.

                                       7
<PAGE>

     5.4 Disability Benefit. In the event of the Executive's Disability prior to
Separation  from  Service,  his  Account  shall be paid in  accordance  with the
Executive's  Deferral  Election Form. If the Executive fails to designate a time
and  form  of  payment  due to  Disability,  his  Account  shall  be paid at the
specified time or upon  Separation  from Service,  as elected in the Executive's
Deferral  Election  Form,  provided,  however,  if the Executive does not have a
Deferral Election Form in effect, his Account shall be paid in a lump sum within
30 days after his termination due to Disability.

     5.5  Distribution  upon a Change  in  Control.  In the event of a Change in
Control of the Company,  an  Executive's  Account will be paid to the Executive,
irrespective  of whether the  Executive  incurs a Separation  from  Service,  in
accordance with the Executive's  Deferral  Election Form. If the Executive fails
to designate a different payment form upon Change in Control,  his Account shall
be paid at the specified time or upon  Separation from Service as elected in the
Executive's Deferral Election Form, provided, however, if the Executive does not
have a Deferral Election Form in effect, his Account shall be paid in a lump sum
within 30 days after the Change in Control.

     5.6 Hardship  Distributions.  Upon a finding that Executive has suffered an
Unforeseeable  Emergency,  the  Committee  may,  in its  sole  discretion,  make
distributions  from the  Executive's  Account  prior to the time  specified  for
payment of benefits  under the Plan.  The amount of such  distribution  shall be
limited to the amount necessary to satisfy the emergency, plus amounts necessary
to pay taxes reasonably anticipated as a result of the distribution. The amounts
necessary to satisfy the emergency will be determined  after taking into account
the extent to which the hardship is, or can be, relieved  through  reimbursement
or compensation by insurance or otherwise,  or by liquidation of the Executive's
assets,  to the extent that the asset  liquidation would not itself cause severe
financial hardships. If a Hardship Distribution is approved, it shall be paid in
a lump-sum form within thirty (30) days of the event which triggers payment, and
the  Executive's  Account  balance  shall be reduced  by an amount  equal to the
Hardship Distribution.

     5.7 Commencement of Payments; Delayed Distributions for Specified Employee.
Except as otherwise set forth  herein,  payments  under the Plan shall  commence
within  thirty (30) days of the event that triggers  distribution  (or if later,
within thirty (30) days of when the Company  becomes aware or should  reasonably
have become aware of the event that triggers distribution).  Notwithstanding the
foregoing,  if Executive is Specified Employee and the distribution is triggered
by Executive's  Separation from Service,  payments under the Plan shall commence
on the first day of the seventh month following the Executive's  Separation from
Service, to the extent necessary to avoid taxes and penalties under Code Section
409A.

     5.8  Automatic  Distributions.   Notwithstanding  anything  herein  to  the
contrary,  if the  Executive's  Account  (when  added  together  with all of his
benefits under all nonqualified  deferred  compensation  plans maintained by the
Company) is $10,000 or less at the time of the distribution event, payment shall
be made in a single  lump sum  distribution,  even if the  Executive's  Deferral
Election Form specifies a different  form of payment,  and such payment shall be
made  before  the later of (i)  December  31 of the year in which the  Executive
terminates  employment with the Company, or (ii) the 15th day of the third month
following the Executive's termination of employment with the Company.

                                       8
<PAGE>

     5.9 Modification of Deferral Election. In the event an Executive desires to
modify the time or form (e.g.,  from  installments to lump sum or vice versa) of
distribution of his Account (or any  sub-account),  the Executive may do so on a
form provided by the Company, provided that:

         (a) the  subsequent  election  shall not be  effective  for at least 12
months after the date on which the subsequent election is made;

         (b) except for payments upon the Executive's death,  Disability or upon
an  Unforeseeable  Emergency,  the first of a stream of  payments  for which the
subsequent election is made shall be deferred for a period of not less than five
(5) years from the date on which such payment  would  otherwise  have been made;
and

         (c)  for  payments  scheduled  to be  made  on a  specified  date or to
commence under a fixed schedule,  the subsequent  election must be made at least
12 months before the date of the first scheduled payment.

     5.10 Form of Payment.  All payments that are made to Executive  pursuant to
this  Plan  shall  be  paid  in  cash,  provided,  however,  to the  extent  the
Executive's  Account is invested in stock of the Company,  then the  Executive's
Account shall be distributed in-kind (e.g., in shares of Company common stock).

                                       9
<PAGE>

                                   ARTICLE VI
                                 ADMINISTRATION
                                 --------------

     6.1 Committee;  Duties.  This Plan shall be  administered by the Committee,
which shall be appointed by the Board. The Committee shall have the authority to
make,  amend,  interpret,  and enforce all appropriate rules and regulations for
the  administration  of this Plan and decide or resolve  any and all  questions,
including  interpretations  of this Plan,  as may arise in  connection  with the
Plan. A majority vote of the Committee members shall control any decision.

     6.2 Agents.  The Committee may, from time to time,  employ other agents and
delegate to them such administrative duties as it sees fit, and may from time to
time consult with counsel who may be counsel to the Company.

     6.3 Binding Effect of Decisions. The decision or action of the Committee in
respect to any question arising out of or in connection with the administration,
interpretation  and  application  of the  Plan  and  the  rules  of  regulations
promulgated  hereunder  shall be final,  conclusive and binding upon all persons
having any interest in the Plan.

     6.4 Indemnity of Committee.  The Company shall  indemnify and hold harmless
the members of the Committee against any and all claims,  loss, damage,  expense
or  liability  arising  from any action or  failure to act with  respect to this
Plan, except in the case of gross negligence or willful misconduct.

                                   ARTICLE VII
                                CLAIMS PROCEDURE
                                ----------------

     7.1 Claim. Any person claiming a benefit,  requesting an  interpretation or
ruling under the Plan,  or requesting  information  under the Plan shall present
the request in writing to the  Committee,  which shall respond in writing within
thirty (30) days.

     7.2 Denial of Claim. If the claim or request is denied,  the written notice
of denial shall state:

         (a) The  reasons  for  denial,  with  specific  reference  to the  Plan
provisions on which the denial is based.

         (b) A description  of any additional  material or information  required
and an explanation of why it is necessary.

         (c) An explanation of the Plan's claim review procedure.

     7.3 Review of Claim. Any person whose claim or request is denied or who has
not  received a response  within  thirty (30) days may request  review by notice
given in writing to the Committee. The claim or request shall be reviewed by the
Committee  who may,  but shall not be required to, grant the claimant a hearing.
On review, the claimant may have  representation,  examine pertinent  documents,
and submit issues and comments in writing.

                                       10
<PAGE>

     7.4 Final  Decision.  The decision on review shall  normally be made within
sixty (60) days.  If an  extension  of time is  required  for a hearing or other
special  circumstances,  the claimant shall be notified and the time limit shall
be one hundred  twenty (120) days.  The  decision  shall be in writing and shall
state the reasons and the relevant Plan provisions.

     7.5  Arbitration.  If a claimant  continues  to dispute the benefit  denial
based upon completed  performance of this Plan and the Deferral Election Form or
the meaning and effect of the terms and  conditions  thereof,  then the claimant
may submit the dispute to mediation,  administered  by the American  Arbitration
Association  ("AAA") (or a mediator  selected by the parties) in accordance with
the  AAA's  Commercial  Mediation  Rules.  If  mediation  is not  successful  in
resolving the dispute,  it shall be settled by arbitration  administered  by the
AAA under its Commercial  Arbitration  Rules, and judgment on the award rendered
by the arbitrator(s) may be entered in any court having jurisdiction thereof.

                                  ARTICLE VIII
                       AMENDMENT AND TERMINATION OF PLAN
                       ---------------------------------

     8.1 Partial Termination.  Notwithstanding  anything herein contained to the
contrary,  the Company  reserves the  exclusive  right to freeze or to amend the
Plan at any time with  respect  to  Compensation  to be  earned  in the  future,
provided  that no  amendment  to the Plan shall be  effective  to decrease or to
restrict the amount accrued to the date of such amendment.

     8.2 Complete Termination. Subject to the requirements of Code Section 409A,
in the event of  complete  termination  of the  Plan,  the Plan  shall  cease to
operate and the  Company  shall pay out to the  Executive  his benefit as if the
Executive had  terminated  employment  as of the effective  date of the complete
termination.  Such complete  termination of the Agreement shall occur only under
the following circumstances and conditions:

         (a) The Board may  terminate  the Plan  within 12 months of a corporate
dissolution taxed under Code Section 331, or with approval of a bankruptcy court
pursuant to 11 U.S.C. ss.503(b)(1)(A),  provided that the amounts deferred under
the Plan are included in the  Executive's  gross income in the latest of (i) the
calendar year in which the Plan terminates;  (ii) the calendar year in which the
amount is no longer subject to a substantial  risk of  forfeiture;  or (iii) the
first calendar year in which the payment is administratively practicable.

         (b) The Board may terminate the Plan by irrevocable  Board action taken
within the 30 days  preceding a Change in Control (but not following a Change in
Control),  provided  that the Plan shall only be  treated as  terminated  if all
substantially  similar  arrangements  sponsored by the Company are terminated so
that the Executive and all participants under substantially similar arrangements
are  required  to  receive  all  amounts  of  compensation  deferred  under  the
terminated  arrangements  within 12 months of the date of the termination of the
arrangements.  For these  purposes,  "Change  in  Control"  shall be  defined in
accordance with the Treasury Regulations under Code Section 409A.

         (c) The Board may terminate the Plan provided that (i) the  termination
and liquidation  does not occur proximate to a downturn in the financial  health

                                       11
<PAGE>

of the  Company,  (ii) all  arrangements  sponsored by the Company that would be
aggregated with this Plan under Treasury  Regulations Section 1.409A-1(c) if the
Executive  covered  by  this  Plan  was  also  covered  by  any of  those  other
arrangements  are also  terminated;  (iii) no payments  other than payments that
would be payable under the terms of the  arrangement if the  termination had not
occurred are made within 12 months of the termination of the  arrangement;  (iv)
all payments are made within 24 months of the  termination of the  arrangements;
and (v) the Company does not adopt a new  arrangement  that would be  aggregated
with any terminated  arrangement under Treasury  Regulations Section 1.409A-1(c)
if the Executive  participated  in both  arrangements,  at any time within three
years following the date of termination of the arrangement.

         (d) The Board may  terminate  the Plan pursuant to such other terms and
conditions as the Internal Revenue Service may permit from time to time.

                                   ARTICLE IX
                                 MISCELLANEOUS
                                 -------------

     9.1 Unfunded Plan.  This Plan is intended to be an unfunded plan maintained
primarily  to  provide  deferred  compensation  benefits  for a select  group of
management or highly compensated employees.  This Plan is not intended to create
an investment contract, but to provide tax planning opportunities and retirement
benefits to eligible  individuals  who have elected to  participate in the Plan.
Eligible  individuals  are select members of management  who, by virtue of their
position with the Company,  are uniquely informed as to the Company's operations
and have the  ability to  materially  affect  the  Company's  profitability  and
operations.

     9.2 Unsecured General Creditor. Executives and their Beneficiaries,  heirs,
successors  and assigns  shall have no legal or  equitable  rights,  interest or
claims in any property or assets of the Company, nor shall they be Beneficiaries
of, or have any rights,  claims or  interests  in any life  insurance  policies,
annuity  contracts or the proceeds  therefrom  owned or which may be acquired by
the  Company.  Such  policies or other  assets of the Company  shall not be held
under any trust for the  benefit  of  Executives,  their  Beneficiaries,  heirs,
successors  or  assigns,  or  held  in any way as  collateral  security  for the
fulfilling of the obligations of the Company under this Plan. Any and all of the
Company's  assets and policies  shall be, and remain,  the  general,  unpledged,
unrestricted  assets of the Company.  The  Company's  obligation  under the Plan
shall be that of an unfunded and  unsecured  promise of the Company to pay money
in the future.

     9.3 Trust Fund.  The Company  shall be  responsible  for the payment of all
benefits  provided under the Plan. At its discretion,  the Company may establish
one or more trusts, with such trustees as the Board may approve, for the purpose
of  providing  for the  payment  of such  benefits.  Such trust or trusts may be
irrevocable,  but the  assets  thereof  shall be  subject  to the  claims of the
Company's  creditors.  To the extent any  benefits  provided  under the Plan are
actually paid from any such trust, the Company shall have no further  obligation
with respect thereto,  but to the extent not so paid, such benefits shall remain
the obligation of, and shall be paid by, the Company.

                                       12
<PAGE>

     9.4 Payment to Executive, Legal Representative or Beneficiary.  Any payment
to any Executive or the legal representative, Beneficiary, or to any guardian or
committee  appointed for such Executive or  Beneficiary  in accordance  with the
provisions hereof,  shall, to the extent thereof, be in full satisfaction of all
claims  hereunder  against the Company,  which may require the Executive,  legal
representative,  Beneficiary, guardian or committee, as a condition precedent to
such payment,  to execute a receipt and release thereof in such form as shall be
determined by the Company.

     9.5 Nonassignability.  Neither an Executive nor any other person shall have
any right to commute, sell, assign,  transfer,  hypothecate or convey in advance
of actual receipt the amounts,  if any, payable hereunder,  or any part thereof,
which are, and all rights to which are,  expressly  declared to be  unassignable
and  nontransferable.  No part of the  amounts  payable  shall,  prior to actual
payment,  be subject to seizure or  sequestration  for the payment of any debts,
judgments,  alimony or separate  maintenance  owed by an  Executive or any other
person,  nor be  transferable by operation of law in the event of an Executive's
or any other person's bankruptcy or insolvency.

     9.6 Terms. Whenever any words are used herein in the masculine,  they shall
be  construed  as though they were used in the  feminine in all cases where they
would so apply; and whenever any words are used herein in the singular or in the
plural,  they shall be  construed  as though they were used in the plural or the
singular, as the case may be, in all cases where they would so apply.

     9.7 Captions. The captions of the articles, sections and paragraphs of this
Plan are for  convenience  only and shall not  control or affect the  meaning or
construction of any of its provisions.

     9.8  Governing  Law. The  provisions  of this Plan shall be  construed  and
interpreted according to the laws of the State of Georgia.

     9.9  Validity.  In case any provision of this Plan shall be held illegal or
invalid for any  reason,  said  illegality  or  invalidity  shall not affect the
remaining parts hereof, but this Plan shall be construed and enforced as if such
illegal and invalid provision had never been inserted herein.

     9.10 Notice.  Any notice or filing required or permitted to be given to the
Committee  under the Plan shall be sufficient if in writing and hand  delivered,
or sent by registered or certified  mail,  to any member of the  Committee,  the
Plan Administrator, or the Secretary of the Company. Such notice shall be deemed
given as of the date of delivery or, if delivery is made by mail, as of the date
shown on the postmark on the receipt for registration or certification.

     9.11  Successors.  The  provisions of this Plan shall bind and inure to the
benefit of the Company and its successors and assigns.  The term "successors" as
used herein shall  include any corporate or other  business  entity which shall,
whether  by  merger,  consolidation,   purchase  or  otherwise  acquire  all  or
substantially  all of the business and assets of the Company,  and successors of
any such corporation or other business entity.

                                       13
<PAGE>

     9.12 Acceleration of Payments.  Except as specifically  permitted herein or
in other sections of this Plan, no  acceleration  of the time or schedule of any
payment may be made hereunder.  Notwithstanding  the foregoing,  payments may be
accelerated  hereunder by the Company,  in  accordance  with the  provisions  of
Treasury Regulation Section 1.409A-3(j)(4) and any subsequent guidance issued by
the United States Treasury Department. Accordingly, payments may be accelerated,
in accordance with  requirements and conditions of the Treasury  Regulations (or
subsequent guidance) in the following circumstances:  (i) as a result of certain
domestic  relations  orders;  (ii) in compliance with ethics agreements with the
Federal  government;  (iii) in  compliance  with  ethics  laws or  conflicts  of
interest laws;  (iv) in limited  cash-outs (but not in excess of the limit under
Code Section 402(g)(1)(B));  (v) in the case of certain distributions to avoid a
non-allocation  year under Code Section 409(p); (vi) to apply certain offsets in
satisfaction of a debt of the Executive to the Company; (vii) in satisfaction of
certain bona fide disputes between the Executive and the Company;  or (viii) for
any other purpose set forth in the Treasury Regulations and subsequent guidance.

     9.13 Payment of Employment  and Code Section 409A Taxes.  Any  distribution
under  this Plan shall be  reduced  by the  amount of any taxes  required  to be
withheld from such distribution.  This Plan shall permit the acceleration of the
time or schedule of a payment to pay employment related taxes as permitted under
Treasury  regulation Section 1.409A-3(j) or to pay any taxes that may become due
at any time that the arrangement  fails to meet the requirements of Code Section
409A and the  regulations  and other  guidance  promulgated  thereunder.  In the
latter case,  such payments shall not exceed the amount  required to be included
in income as the result of the failure to comply with the  requirements  of Code
Section 409A.

                            [Signature Page Follows]

                                       14
<PAGE>

     IN WITNESS WHEREOF, and pursuant to resolution of the Board of Directors of
the Company,  such  corporation has caused this instrument to be executed by its
duly authorized officer effective as of January 1, 2008.

                                            ATLANTIC COAST FEDERAL CORP.

By:  February 8 , 2008                      By: /s/ Robert J. Larison, Jr.
   --------------------------                   --------------------------------
         Date                                   Robert J. Larison, Jr.
                                                President and Chief Executive
                                                Officer

                                       15

<PAGE>

                                                                       Exhibit A

                          ATLANTIC COAST FEDERAL CORP.
                    2008 EXECUTIVE DEFERRED COMPENSATION PLAN
                             DEFERRAL ELECTION FORM

Instructions: Use this form to elect to defer your Base Salary and/or Bonus that
are ordinarily  payable to you during the year, and to designate how you wish to
receive your benefits  from the Atlantic  Coast  Federal  Corp.  2008  Executive
Deferred Compensation Plan (the "Plan").

Individuals  who first  participate in the Plan during a Plan year must complete
this form  within  30 days  after the date  that he or she  became  eligible  to
participate in the Plan.

Participant's Name:
                    -----------------------------------------------------

                                ELECTION TO DEFER
                                -----------------

     This Deferral  Election  Form shall become  effective for the first payroll
period that  commences  on or after the January 1 that next follows the date the
Deferral Election Form is filed with the Company. If the Executive first becomes
eligible to  participate  in the Plan during a Plan Year, but after January 1 of
that Plan Year,  this Deferral  Election Form shall be effective as of the first
payroll  period next following the later of the date he/she is eligible to enter
the Plan or the date the  Committee  receives an executed  copy of this Deferral
Election  Form.  This Deferral  Election Form shall  continue in effect,  unless
modified or revoked by the  Executive,  until the Executive  terminates  his/her
employment with the Company.

    1) Deferral of Compensation:

     I hereby agree to defer my Compensation from the Company as follows:

           ________%  of my Base Salary for calendar y__________________; and/or

           ________%  of my Bonus for calendar year ________________________.

     I understand  that my election to defer receipt of my Base Salary and/or my
Bonus shall  continue for  subsequent  years in  accordance  with this  Deferral
Election  Form until such time as I submit a "Notice of  Adjustment of Deferral"
(Exhibit  C hereto) to the  administrator  at least  fifteen  (15) days prior to
January 1 of any year  under the Plan.  Such  adjustment  will only take  effect
January 1 of the calendar  year  following  the year in which it is executed.  A
Notice of Adjustment of Deferral can be used to adjust the amount of Base Salary
and/or Bonus to be deferred or to discontinue deferrals altogether.

                          DISTRIBUTION ELECTION OPTIONS
                          -----------------------------

         In accordance with the terms of the Plan, I understand and agree that
all Plan benefits shall be paid in the form I selected below at the time I
complete this Deferral Election Form, and that such distribution form, once made
by me, shall be irrevocable with respect to such Plan Year.

    2) Distribution  Elections must be made not later than December 31, 2008, or
       if later,  within thirty days after the Executive first becomes  eligible
       to participate in the Plan.

                                      A-1
<PAGE>

     I understand and agree that all Plan Benefits shall be paid at the time and
in the form I select below,  and that such election  shall be  irrevocable  with
respect to such Plan Year. I also  understand and agree that if I fail to select
a time and form of benefit payment, I will be paid a lump sum. I also understand
and agree that my Account  shall be  distributed  within 30 days after the event
giving rise to the distribution.

     Please Select either (A) or (B) below:

[ ]  (A)  Fixed Distribution Schedule or Specified Date
          ---------------------------------------------

          I hereby elect to receive (or begin to receive) my payments on
          _________________________ (enter month, date and year).

          Further, I hereby elect to receive the amount of my Account in the
          following form (check one):

                  _____  Lump Sum Distribution

                  _____  Substantially equal monthly installments over a period
                         of 5 years

                  _____  Substantially equal monthly installments over a
                         period of ___ years (not greater than 10 years)

 [ ] (B)  Separation from Service
          -----------------------

          In the event of my Separation  from  Service,  I hereby elect to
          receive my Account in the following form (check one):

                  _____  Lump Sum Distribution

                  _____  Substantially equal monthly installments over a period
                         of 5 years

                  _____  Substantially equal monthly installments over a
                         period of ___ years (not greater than 10 years)

    3) Optional Elections: [Only complete if you desire a different distribution
       upon the  occurrence of one of the  following  events other than what you
       selected under 2(A) or (B) above]

     Notwithstanding the foregoing,  in the event of my Disability,  death prior
to  Separation  from  Service,  or in the  event of a Change in  Control  of the
Company, I hereby elect the following alternative  distribution forms which will
be paid (or begin to be paid) within 30 days of the Disability,  death or Change
in Control.  I understand  that these  elections are  optional,  and that if not
made,  any relevant  distribution  will be made in accordance  with my selection
under 2(A) or (B) above:

[ ]  (A)  Disability
          -----------

          In the event that my service on the Board is terminated on account of
my Disability, I hereby elect to receive my Account in the following form (check
one):

                                      A-2
<PAGE>

                  _____  Lump Sum Distribution

                  _____  Substantially equal monthly installments over a period
                         of 5 years

                  _____  Substantially equal monthly installments over a
                         period of ___ years (not greater than 10 years)

[ ]  (B)  Death
          -----

          In the event of my death prior to Separation from Service, I hereby
elect that my 9Account be distributed to my Beneficiary(ies) in the following
form (check one):

                  _____  Lump Sum Distribution

                  _____  Substantially equal monthly installments over a period
                         of 5 years

                  _____  Substantially equal monthly installments over a
                         period of ___ years (not greater than 10 years)

[ ]  (C)  Change in Control
          -----------------

          In the event of a Change in Control of the Company, I hereby elect to
receive my Account in the following form (check one):

                  _____  Lump Sum Distribution

                  _____  Substantially equal monthly installments over a period
                         of 5 years

                  _____  Substantially equal monthly installments over a
                         period of ___ years (not greater than 10 years)

     I understand  that I am entitled to review or obtain a copy of the Plan, at
any time, and may do so by contacting the Committee.

     This Deferral  Election Form shall become effective upon execution  (below)
by both the Executive and a duly authorized officer of the Company.

         Dated this _______ day of ____________________, 200____.

--------------------------                  -----------------------------------
(Executive)                                 (Company's duly authorized Officer)

                                      A-3

<PAGE>

                                                                       Exhibit B

                          ATLANTIC COAST FEDERAL CORP.
                    2008 EXECUTIVE DEFERRED COMPENSATION PLAN

                             BENEFICIARY DESIGNATION

     Name of Executive: ___________________________

     The Executive hereby designates the following  Beneficiary(ies)  to receive
any guaranteed payments or death benefits under the Plan, following his death:

PRIMARY BENEFICIARY:

Name:____________________________________   % of Benefit:_______________________

Name:____________________________________   % of Benefit:_______________________

Name:____________________________________   % of Benefit:_______________________

SECONDARY BENEFICIARY (if all Primary Beneficiaries pre-decease the Executive):

Name:____________________________________   % of Benefit:_______________________

Name:____________________________________   % of Benefit:_______________________

Name:____________________________________   % of Benefit:_______________________

     This  Beneficiary   Designation   hereby  revokes  any  prior   Beneficiary
Designation  which may have been in effect and this  Beneficiary  Designation is
revocable.

Date:
      --------------------------             ----------------------------------
                                             Executive

                                      B-1
<PAGE>

                                                                       Exhibit C

                          ATLANTIC COAST FEDERAL CORP.
                    2008 EXECUTIVE DEFERRED COMPENSATION PLAN

                        NOTICE OF ADJUSTMENT OF DEFERRAL

To:          Atlantic Coast Federal Corp.
Attention:   Committee, 2008 Executive Deferred Compensation Plan

     I hereby give notice of my election to adjust the amount of my Compensation
deferral in accordance  with my Deferral  Election  Form,  dated the ____ day of
__________,  20__.  This notice is submitted  fifteen (15) days prior to January
1st, and shall become effective January 1st, as specified below.

Adjust deferral as of:             January 1st, 20____

New Deferral Amount                                   % per month
                                   -----------------
                                   (to discontinue deferral, enter $0)

Previous Deferral Amount                              % per month
                                   -----------------

                                   ---------------------------------
                                   Executive

                                   Date:
                                        ----------------------------

                                   Acknowledged by:
                                                   -----------------

                                   Title:
                                         ---------------------------

                                   Date:
                                         ---------------------------

                                      C-1EX-10.1

 

Exhibit 10.1

FORM
OF TRANSITION SERVICES AGREEMENT

     This Transition Services Agreement (“Agreement”) is entered into this [     ] day of [          ],
2008, between Cadbury Schweppes plc, a United Kingdom public limited company (“Cadbury”), and Dr
Pepper Snapple Group, Inc., a Delaware corporation (“DPS”).

RECITALS

     WHEREAS, the board of directors of Cadbury has
determined that it is in the best interests of Cadbury and its shareholders to separate Cadbury
into two separate, publicly traded companies, which shall operate the Cadbury plc Business and
the Beverages Business, respectively (the “Separation”); and

     WHEREAS,
Cadbury plc, a United Kingdom public limited company, and DPS have entered into a Separation and Distribution Agreement (the
“Separation Agreement”), dated as of [                    ], 2008, which sets forth, among other things, the
assets, liabilities, rights and obligations of each of the parties thereto following the
Separation; and

     WHEREAS, in connection with the Separation, Cadbury will continue to provide, or cause to be
provided, to DPS, and DPS will continue to provide, or cause to be provided, to Cadbury, certain
services for a limited period of time after the Separation pursuant to this Agreement.

     NOW, THEREFORE, in consideration of the mutual covenants contained herein, the signatories
covenant and agree as follows:

ARTICLE 1

DEFINITIONS

     Section 1.1. Capitalized terms used herein and not otherwise defined herein shall have
the meanings set forth in the Separation Agreement. The following terms used herein shall have the
following meanings:

     “Affiliate” shall have the meaning set forth in the Separation Agreement and for purposes of
this Agreement, shall refer to Cadbury’s Affiliates or DPS’ Affiliates, as the case may be,
post-Separation.

     “Cadbury Providing Party” shall have the meaning set forth in Section 5.2.

     “Cadbury Receiving Party” shall have the meaning set forth in Section 5.6.

     “Cadbury Services” shall have the meaning set forth in Section 2.1.

     “Confidential Information” shall have the meaning set forth in Section 2.5(a).

 

 

     “Consents” shall have the meaning set forth in Section 2.3.

     “Disclosing Party” shall have the meaning set forth in Section 2.5(a).

     “DPS Providing Party” shall have the meaning set forth in Section 5.5.

     “DPS Receiving Party” shall have the meaning set forth in Section 5.3.

     “DPS Services” shall have the meaning set forth in Section 2.2.

     “Force Majeure Event” shall have the meaning set forth in Section 9.1.

     “Incoming Service Fee” shall have the meaning set forth in Section 4.1.

     “Indemnified Party” shall have the meaning set forth in Section 7.3.

     “Indemnifying Party” shall have the meaning set forth in Section 7.3.

     “Outgoing Service Fee” shall have the meaning set forth in Section 4.1.

     “Providing Party” shall have the meaning set forth in Section 3.2.

     “Receiving Party” shall have the meaning set forth in Section 3.2.

     “Recipient” shall have the meaning set forth in Section 2.5(a).

     “Representatives” shall have the meaning set forth in Section 2.5(a).

     “SAS” shall have the meaning set forth in Section 5.3.

     “Senior Managers” shall mean the individuals appointed by the Chief Legal Officers
of each party hereto.

     “Services” shall have the meaning set forth in Section 2.2.

     “Transition Representative” shall mean Thomas Whitten, in the case of Cadbury, and Angie
Wallander, in the case of DPS, or their respective replacements or designees.

     “VAT” shall have the meaning set forth in Section 4.1(c).

ARTICLE 2

DESCRIPTION OF SERVICES; STANDARD OF PERFORMANCE

     Section 2.1. On the terms and subject to the conditions contained herein, Cadbury
shall provide, or cause to be provided, to DPS and its Affiliates the services identified in
Schedule A hereto, as such Schedule A may be from time to time supplemented or
modified in accordance with the provisions of this Agreement (the “Cadbury Services”).

-2-

 

     Section 2.2. On the terms and subject to the conditions contained herein, DPS shall
provide, or cause to be provided, to Cadbury and its Affiliates the services identified in
Schedule B hereto, as such Schedule B may be from time to time supplemented or
modified in accordance with the provisions of this Agreement (the “DPS Services”, and together with
Cadbury Services, the “Services”).

     Section 2.3. Each party shall, and shall cause its respective Affiliates to, provide
the Services in a commercially reasonable manner and with reasonable skill and care.
Notwithstanding the foregoing, the standard of care for provision of the Services shall in all
material respects be no less than the level of care, skill and quality as are currently being
provided to and by such party and its Affiliates and have been provided in the preceding twelve
months, provided that, in the case where the Services are not currently being provided,
each party shall provide the Services in a commercially reasonable manner and with reasonable skill
and care. The relevant measurement of performance of the Services shall be the measurement
metrics, if any, currently used by DPS and its Affiliates or by Cadbury and its Affiliates, as the
case may be. Cadbury and DPS shall, and shall cause each of its Affiliates that is a Providing
Party to, use commercially reasonable efforts to cooperate with each other in all matters relating
to the provision of the Services. With respect to actions taken by the Receiving Party in
connection with the Services received, the Receiving Party shall use the Services in a commercially
reasonable manner in compliance with all applicable Laws. The Providing Party hereby grants the
Receiving Party a license under all of its Intellectual Property used in the performance of
Services solely to the extent required for the Receiving Party to receive the Services hereunder.

     Section 2.4. Cadbury and DPS shall each use its (and shall cause its applicable
Affiliates to use their) reasonable best efforts to obtain all required consents, licenses or
approvals necessary to perform the Services (the “Consents”) (that have not already been procured
prior to the Distribution Date) as soon as reasonably practicable following the date hereof;
provided that, each party shall notify the other in writing of any terms to which a
proposed Consent is to be subject and shall use its reasonable best efforts to agree with the
relevant third party any reasonable amendments to a proposed Consent requested by Cadbury or DPS,
as the case may be. If the parties are unable to obtain any required Consents, the parties shall
negotiate in good faith reasonable modifications of the Services so that such Consents are not
required.

     Section 2.5. (a) Each party recognizes that in the performance of its obligations
under this Agreement, or as a result of the parties’ ongoing relationship pursuant to this
Agreement, non-public, confidential and/or proprietary information (“Confidential Information”)
belonging or relating to the other party or its Affiliates (each, a “Disclosing Party”), including
Confidential Information regarding the Services may be disclosed or become known to the other party
or its Affiliates or its officers, directors, controlling persons, employees, lenders, agents,
representatives, accountants and counsel (collectively, “Representatives”) (each, a “Recipient”).
Each party acknowledges that all Confidential Information disclosed in connection with the
provision of Services remains the property of the Disclosing Party. Unless otherwise expressed in
writing to the other party, information, including any information expressed orally, that is
exchanged between the parties or their respective Affiliates in connection with the performance of
their respective obligations under this Agreement shall be

-3-

 

presumed to be Confidential Information. Each party shall, and shall cause its Affiliates and
Representatives to, keep the Disclosing Party’s Confidential Information confidential and take such
precautions with respect to the Disclosing Party’s Confidential Information as it normally takes
with its own non-public, confidential and/or proprietary information, which shall be no less than a
reasonable standard of care under the circumstances. This obligation shall not apply to:

     (i) information that, at the time of disclosure, is in the public domain or generally
known in the industry, other than as a result of a breach by the other party or its
Affiliates or Representatives of any of the provisions of this Agreement or of any other
duty of confidentiality owed to the other party or its Recipients;

     (ii) information that, after disclosure to the Recipient hereunder, is published or
otherwise becomes part of the public domain or generally known in the industry through no
fault of the party (or such party’s Recipients) to whom the information was disclosed;

     (iii) information that a party can demonstrate through its records was in its lawful
possession or the lawful possession of a Recipient at the time such party received such
information (except for Confidential Information regarding DPS or its Affiliates in
Cadbury’s possession or Confidential Information regarding Cadbury or its Affiliates in the
possession of Representatives that are transferred to DPS or its Affiliates, each of which
shall continue to be confidential); and

     (iv) information that may be received by a Recipient in good faith from a source other
than the Disclosing Party, which source either has no duty of confidentiality to such other
party or, if such source does have a duty of confidentiality, the Recipient of such
Confidential Information was unaware of or had no reasonable basis for knowing thereof
(provided that, if a Recipient later becomes aware or reasonably should know of such duty,
this exception shall no longer apply).

     (b) Each party shall inform any and all of its Recipients that receive Confidential
Information of a Disclosing Party of the confidential and proprietary nature of such Confidential
Information and shall inform such Recipients that such Confidential Information is to be kept
strictly proprietary and confidential pursuant to the terms of this Agreement. Each party shall
explain to each such Recipient his or her responsibilities and obligations under this Section 2.5,
and shall establish commercially reasonable procedures to ensure that the Confidential Information
is properly protected and monitored for purposes of adhering to the terms of this Section 2.5.
Except to the extent otherwise specifically provided in this Section 2.5, the Confidential
Information will be kept confidential by each party and its Recipients. Each party agrees to be
responsible for any breach of this Section 2.5 by any of its Recipients.

     (c) Each party and its Recipients shall maintain, however, the right to disclose the
Confidential Information of a Disclosing Party if required to do so by Law, subpoena or other legal
process, provided that, in the case of any such potential disclosure pursuant to this Section
2.5(c), the Recipient shall provide the Disclosing Party with prompt notice of such requirement and
shall use its reasonable best efforts to keep and assist the Disclosing Party in keeping it
confidential by all appropriate means, and shall, to the extent reasonably practical, afford the

-4-

 

Disclosing Party the opportunity to contest the disclosure obligation and cooperate with any
Recipients in seeking any such protective order or other appropriate legal remedy, in each case, at
the Disclosing Party’s request and expense. If a Recipient finds it necessary to disclose any
Confidential Information, such Person will disclose only that portion of the Confidential
Information that it is advised in writing by counsel is legally required to be disclosed and will
use its reasonable best efforts, at the Disclosing Party’s request and expense, to ensure that all
Confidential Information so disclosed will be accorded confidential treatment.

     (d) Upon termination of this Agreement for any reason, no Recipient shall disclose nor make
any further use of a Disclosing Party’s Confidential Information and upon written request shall
immediately return or destroy all such Confidential Information as shall be in written or other
tangible form (including all copies thereof), provided, however, that each party
shall be entitled to retain one record copy in its legal department, to be held in strict
confidence, subject to the above exceptions; and provided, further, that if such
Confidential Information is destroyed, upon written request, shall certify the same to the
Disclosing Party.

     (e) The parties acknowledge that in the event of any breach or threatened breach of this
Agreement pertaining to Confidential Information, the non-breaching party will not have an adequate
remedy at law and may suffer irreparable injury as a result of any such breach. Therefore, in the
event of any such breach or threatened breach, the non-breaching party shall, in addition to any
other remedies available at law or in equity, be entitled to specific performance, without posting
bond or other security.

     Section 2.6. The Transition Representatives shall meet regularly in person,
telephonically, or as they otherwise agree at least monthly for the first year following the date
hereof, to discuss any issues arising under this Agreement and the need for any modifications or
additions hereto.

     Section 2.7. Subject to Section 2.8, except with respect to any services of the type
described on Schedule D, if either party can demonstrate that, by virtue of the transactions
contemplated by the Separation Agreement, either party requires a service not currently provided
for under this Agreement that was provided by or to a member of the Cadbury and its Affiliates by
or to DPS and its Affiliates, as the case may be, in the twenty-four (24) month period prior to the
Distribution Date, the parties shall cooperate and endeavor in good faith to modify and supplement
the schedules to this Agreement (including any other attachments thereto, if any) to
accurately identify those services, and to specify the manner and term in which such services shall
be performed and, as appropriate, to enter into ancillary transition services agreements addressing
the provision of certain critical services or the provision of the Services in certain
jurisdictions (including price calculated pursuant to Section 4), in order to refine and further
effect the understandings set forth in this Agreement. Unless otherwise so agreed, in no event
shall any such modification or supplement to the schedules (other than the election by a party to
identify a Service which it does not elect to receive and for which service fees shall not be
payable) or the execution of any ancillary agreements result in any change in the fees for the
Services.

     Section 2.8. Where a service that was provided by a third party to Cadbury or its
Affiliates (including DPS and its Affiliates) prior to the Distribution Date is not otherwise

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provided for in this Agreement and is reasonably required by DPS or Cadbury to continue DPS’
or Cadbury’s remaining businesses, as applicable, in substantially the same manner as that carried
on in the twenty-four month period prior to the Distribution Date, Cadbury or DPS, as applicable,
will provide such assistance as is reasonable under the circumstances so as to enable the other
party to put in place similar arrangements with such third party.

     Section 2.9. Except as otherwise specified in this Agreement, all costs and expenses,
including fees and disbursements of counsel, financial advisors and accountants, incurred in
connection with this Agreement and the transactions contemplated by this Agreement shall be paid by
the party incurring such costs and expenses.

     Section 2.10. Subject to Section 2.3 of this Agreement, the Cadbury Providing Party
and DPS Providing Party (each, as defined below), as applicable, shall be responsible for selecting
and supervising in good faith the personnel who will perform any particular Cadbury Service or DPS
Service, respectively, and performing all administrative services with respect to such personnel,
including establishing compensation structure and work load balancing.

     Section 2.11. Cadbury and DPS shall, or shall cause their respective Affiliates to,
make available on a timely basis to the Providing Party all information reasonably requested by
such Providing Party to enable it to provide the Services and provide reasonable access to the
Providing Party of such party’s premises to the extent necessary for the purpose of providing the
Services.

ARTICLE 3

PERIOD OF SERVICES: TERM

     Section 3.1. The parties agree that, except as otherwise designated in this Agreement,
all services covered by this Agreement shall terminate on the date
indicated on Schedule A
or Schedule B, as applicable, unless earlier terminated by the Receiving Party upon such
prior written notice as set forth on Schedule A or Schedule B, as applicable, or
pursuant to Section 3.2(c) of this Agreement or extended by the mutual written agreement of the
Providing Party and Receiving Party. This Agreement shall terminate when the terms for all
Services have terminated; provided, however, that Sections 2.5, 2.9 and Articles 5, 7, 8 and 9
shall survive any such termination; provided further that Sections 5.4 and 5.7 shall continue for
one year only.

     Section 3.2. (a) Each party shall, or shall cause its Affiliate that is providing the
Services hereunder (a “Providing Party”) to, cooperate in a commercially reasonable manner with the
party receiving the Services hereunder (a “Receiving Party”) to facilitate the transfer of
responsibility for the Services to the Receiving Party or its designee. Each party shall use its
commercially reasonable efforts to: (i) assume performance of the Services within shorter time
periods than those specified on Schedule A or Schedule B, as applicable, and (ii)
make or obtain any approvals, permits and licenses and implement such systems as may be necessary
for such party to provide the Services independently as soon as reasonably practicable following
the Distribution Date.

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     (b) As soon as reasonably practicable following the termination of this Agreement or the
discontinuation of any Services, the Providing Party shall deliver to the Receiving Party, at the
Receiving Party’s expense, copies of any books, records, data and reports reasonably requested by
the Receiving Party in connection with such Services. Subject to the requirements of any
applicable Laws, each Receiving Party agrees to keep any information it receives pursuant to this
Section 3.2(b) that relates to a Disclosing Party confidential in accordance with Section 2.5.

     (c) Notwithstanding anything to the contrary in this Agreement, a party may terminate any
Service or all Services immediately upon notice to the other party in the event of a material
breach of this Agreement by the breaching party that is not cured within thirty (30) days following
written notice from the non-breaching party.

ARTICLE 4

COMPENSATION; PAYMENT TERMS

     Section 4.1. (a) DPS shall pay to Cadbury a fee for each Service that is provided to
DPS and its Affiliates hereunder (collectively, the “Incoming Service Fee”) and Cadbury shall pay
to DPS a fee for each Service that is provided to Cadbury and its Affiliates hereunder
(collectively, the “Outgoing Service Fee”). The costs for each Service (the “Costs”) shall be the
actual direct cost incurred by the Providing Party in performing such Service, calculated as set
forth on Schedule C, which shall include a reasonable allocation for overhead salary, wages,
benefits, taxes and other expenses attributable thereto (but shall exclude, for the avoidance of
doubt, any overhead expenses for branding, marketing and other similar expenses) and without any
markup for profit, calculated in a manner consistent with past custom and practice of the Providing
Party with respect to such Service (or Cadbury Schweppes SBS, Inc. in the case of the Services
which were not historically provided by the Providing Party); provided, however,
that such Costs shall be adjusted to reflect any termination or expiration of any Transition
Service pursuant to Article 3 of this Agreement.

     (b) The Incoming Service Fee and the Outgoing Service Fee shall include all out-of-pocket
charges and costs of performing the Services hereunder, including, without limitation, license
fees, royalties or provider services fees.

     (c) The fees payable by a Receiving Party to a Providing Party shall, in each case, be taken
to be exclusive of any value added Taxes, sales Taxes, or similar Taxes (“VAT”) properly chargeable
in respect of the transactions hereunder, and an amount equal to such Taxes so chargeable shall,
subject to receipt of a valid VAT receipt or invoice in accordance with Section 4.1(f) below, be
paid by the Receiving Party to the Providing Party in addition to the fees otherwise payable under
this Agreement.

     (d) In the event that applicable Law requires that any amount in respect of Taxes be withheld
from any payment by a Receiving Party to a Providing Party under this Agreement, the Receiving
Party shall withhold the required amounts and pay such withheld amounts over to the applicable
Governmental Authority in accordance with the requirements of the applicable Law, and any amount so
withheld and paid over shall be treated as having been paid to the

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Providing Party, and the Receiving Party shall not be required to pay any additional amount as
a result of or in respect of such withholding.

     (e) In each case where an amount in respect of VAT is payable by the Receiving Party in
respect of a service provided by the Providing Party, DPS or Cadbury (as the case may be) shall
ensure that the Providing Party shall furnish in a timely manner a valid VAT receipt or invoice to
the Receiving Party in the form and manner required by Law to allow the Receiving Party or, as the
case may be, any of its affiliates to recover such Tax to the extent allowable by Law.

     (f) Except in the event the Receiving Party disputes a charge, the Receiving Party shall pay,
or cause payment to be made to, the Providing Party, within 30 days of receipt of a reasonably
detailed written invoice from the Providing Party, for the Cost of each Service rendered hereunder,
which invoice shall be delivered by the Providing Party to Cadbury or DPS, as applicable, by the
30th day of each month for the Services provided during the preceding month. Payments shall be
made by wire transfer to an account designated in writing from time to time by Cadbury or DPS, as
applicable.

ARTICLE 5

ACCESS TO RECORDS

     Section 5.1. During the term of this Agreement, each party shall, for the lesser of a
period of seven years after the Distribution Date or a period specified by such party’s record
retention policies, retain the books and records of each party and their respective Affiliates
relating to the Services provided hereunder in accordance with the record retention policies of
such party; provided, however, that each party shall notify the other party at
least 60 days in advance of destroying any such books and records in order to provide the other
party the opportunity to access such books and records and if the other party fails to request that
such books and records be delivered to them at the requesting party’s expense, within 60 days after
receipt of such notice, each party may destroy such books and records.

     Section 5.2. Subject to Section 2.5 above, Cadbury shall provide, or cause to be
provided, to DPS and its Representatives reasonable access to the books, records (including, but
not limited to, records and documentation referred to in Section 5.1), premises, systems and
personnel of each Providing Party of Cadbury (a “Cadbury Providing Party”) to permit DPS to audit
Cadbury’s or a Cadbury Providing Party’s compliance with this Agreement, provided that this
right of access is exercised with reasonable prior notice and DPS uses its reasonable efforts to
cause as little disruption as is reasonably possible to the performance of the Services and Cadbury
Providing Party’s other businesses, provided further that DPS may only undertake
two such audits per calendar year.

     Section 5.3. In addition to the rights set out in Section 5.2, Cadbury shall comply
and shall cause each Cadbury Providing Party to comply with any reasonable request of DPS,
including any review in accordance with the Statement of Auditing Standards No. 70 (Type 11) (the
“SAS”), of any third party service provider of Cadbury for information relating to the Services
that may be required by DPS or any Receiving Party of DPS (a “DPS Receiving

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Party”) to enable them to comply with the Sarbanes-Oxley Act of 2002 (and any resultant,
similar or replacement legislation, rules or guidance).

     Section 5.4. If, based upon any audit performed in accordance with Sections 5.2 or
5.3, there has been either an overcharge or undercharge for the costs of the Services, then Cadbury
Providing Party or DPS, as the case may be, will promptly reimburse or pay to the other Party such
difference. All the costs of any audit conducted under Sections 5.2 or 5.3 shall be borne by DPS.

     Section 5.5. Subject to Section 2.5 above, DPS shall provide, or cause to be provided,
to Cadbury and its Representatives reasonable access to the books, records (including, but not
limited to, records and documentation referred to in Section 5.1), premises, systems and personnel
of the Providing Party of DPS (the “DPS Providing Party”) to permit Cadbury to audit DPS’ or a DPS
Providing Party’s compliance with this Agreement, provided that this right of access is
exercised with reasonable prior notice and Cadbury uses its reasonable efforts to cause as little
disruption as is reasonably possible to the performance of the Services and DPS Providing Party’s
other businesses, provided further that Cadbury may only undertake two such audits
per calendar year.

     Section 5.6. In addition to the rights set out in Section 5.5, DPS shall comply and
shall cause each relevant DPS Providing Party to comply with any reasonable request of Cadbury,
including any review in accordance with the SAS, of any third party service provider of DPS for
information relating to the Services that may be required by Cadbury or any Receiving Party of
Cadbury (a “Cadbury Receiving Party”) to enable them to comply with the Sarbanes-Oxley Act of 2002
(and any resultant, similar or replacement legislation, rules or guidance).

     Section 5.7. If, based upon any audit performed in accordance with Sections 5.5 or
5.6, there has been either an overcharge or undercharge for the costs of the Services, then DPS
Providing Party or Cadbury, as the case may be, will promptly reimburse or pay to the other Party
such difference. All the costs of any audit conducted under Sections 5.5 and 5.6 shall be borne by
Cadbury.

ARTICLE 6

ASSIGNMENT

     Section 6.1. Except as otherwise provided in this Article 6, neither party shall
assign its rights or obligations under this Agreement, or any part hereof, without the prior
written consent of the other party (which consent shall not be unreasonably withheld). Either
party may, at its election, assign its rights and corresponding obligations under this Agreement in
whole or in one or more parts to any one or more of its Affiliates so long as such assigning party
agrees to remain fully obligated for the performance of the terms and provisions of this Agreement
as they relate to the Services being assigned.

     Section 6.2. Notwithstanding anything to the contrary in this Agreement, a party shall
be entitled to assign its rights and/or obligations under this Agreement in whole or in

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part to an unrelated party in one or more locations in connection with the sale, transfer or
other disposal by it or any of its Affiliates of its business or operations that receives and/or
provides the Services under this Agreement in such location and this Agreement shall thereafter be
read and construed as if it were a separate and independent contract between the unrelated party
and the party hereto as regarding the services and facilities to be received and/or provided under
this Agreement in such locations. Notwithstanding the foregoing, in the event a party assigns its
rights and/or obligations hereunder upon a sale or transfer to an unrelated party as set forth
above, (a) such transferor shall be entitled to continue to receive the Services (other than the
Services that are the subject of such assignment) from the other party in accordance with the terms
of this Agreement following any such assignment, and the other party shall have no right to
terminate this Agreement as a result of such assignment, and (b) no such assignment shall relieve
the transferor of any obligations hereunder in the event that such transferee fails to perform in
any manner or breaches this Agreement.

     Section 6.3. Any attempted or purported assignment in violation of this Section 6
shall be null and void ab initio. In the event of a permitted assignment hereunder, this Agreement
shall be binding upon and shall inure to the benefit of the parties and their respective successors
and permitted assigns.

ARTICLE 7

LIMITATION ON LIABILITY; THIRD PARTY CLAIMS

     Section 7.1. Except with respect to damages included in an award against an
Indemnified Party (as defined herein) resulting from a Third Party Claim for which such party is
indemnified hereunder, in no event shall either party or its respective Representatives and
Affiliates have any liability whether in contract or tort (including negligence and strict
liability) or otherwise, at law or equity, for loss of profit, diminution in value, loss of
goodwill, claims of customers, or consequential, incidental or punitive damages or other special
damages as a result of, provision of or failure to provide the services under the terms of this
Agreement. Subject to such other remedies permitted by Section 2.5 above and except as
specifically provided in the previous sentence or in the event of bad faith or willful misconduct
of such party, the maximum liability of each party and its Representatives and Affiliates to, and
the sole remedy of, the other party or its Affiliates or Representatives for any act or failure to
act in connection herewith (including but not limited to, the performance or breach of this
Agreement) shall be the greater of (i) a refund of price paid for the particular Service, (ii) such
other party’s incremental cost of performing the Service itself or (iii) such other party’s
incremental cost of obtaining the Service from a third party.

     Section 7.2. EXCEPT AS OTHERWISE EXPRESSLY PROVIDED IN THIS AGREEMENT (INCLUDING
SECTION 2.3), AND WITHOUT LIMITING ANY REPRESENTATIONS OR WARRANTIES IN THE SEPARATION AGREEMENT,
THE PARTIES MAKE NO EXPRESS REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE SERVICES, AND NO
REPRESENTATION OR WARRANTY SHALL BE IMPLIED UNDER THIS AGREEMENT OR AT LAW, INCLUDING, WITHOUT
LIMITATION, RELIABILITY, ACCURACY, SUITABILITY, COMPLETENESS, WARRANTY OF

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MERCHANTABILITY OR WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE, AS TO THE SERVICES TO BE
PERFORMED HEREUNDER.

     Section 7.3. Subject to the limitations set forth in Section 7.1, each party (the
“Indemnifying Party”) agrees that it shall protect, indemnify and hold the other party and its
Affiliates and their Representatives (each, the “Indemnified Party”) harmless from and against all
Indemnifiable Losses and shall defend such party at the Indemnifying Party’s expense (to the extent
of any Third Party Claims) in any Action for injuries to or death of any Person or Persons or loss
of or damage to the property of any Person or Persons whomsoever (including without limitation the
agents and employees of the Indemnified Party) or infringement of any Person’s or Persons’
Intellectual Property arising out of the actions of the Indemnifying Party, or its Representatives,
in connection with or as a result of this Agreement or the performance of the Indemnifying Party’s
Services, the unauthorized use by the Indemnifying Party of the Services or other obligations
hereunder.

     Section 7.4. The Indemnified Party shall give the Indemnifying Party prompt notice of
any indemnifiable Action asserted against it.

     Section 7.5. Except with respect to any Third Party Claims, the receipt by a Receiving
Party or its Affiliates of the Services shall be an unqualified acceptance of, and a waiver by, the
Receiving Party and its Affiliates of their rights to make any claim (other than based on gross
negligence or fraud) with respect to such Services unless the Receiving Party gives written notice
of the claim to the Providing Party within the later of (i) sixty (60) days after receipt of the
Service by the Receiving Party or its Affiliates or (ii) thirty (30) days after the date on which
the Receiving Party became, or should have become, aware of the facts, events, occurrences or
circumstances underlying such claim; provided, that, in no event shall the Receiving Party
be entitled to give notice of a claim more than one (1) year after receipt of the Service by the
Receiving Party or its Affiliates.

ARTICLE 8

DISPUTE RESOLUTION

     Section 8.1. Prior to the initiation of formal dispute resolution procedures, the
parties shall first attempt to resolve any dispute arising out of or in connection with this
Agreement or the transactions contemplated hereby informally, as follows:

     (a) The parties shall first attempt in good faith to resolve all disputes on a local level and
shall attempt to initiate such efforts within two Business Days after receipt of notice of any such
dispute. If the parties are unable to resolve a dispute in an amount of time that either party
deems reasonable under the circumstances, such party may refer the dispute for resolution to the
Senior Managers pursuant to the provisions of Section 8.1(b).

     (b) Within five Business Days of a notice under Section 8.1(a) referring a dispute for
resolution by Senior Managers, the Transition Representatives (or other employees of the parties)
shall each prepare and provide to the Senior Managers of each party summaries of the relevant
information and background of the dispute, along with any appropriate supporting

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documentation. The designated Senior Managers will confer as often as they deem reasonably
necessary in order to gather and exchange information, discuss the dispute and negotiate in good
faith, in an effort to resolve the dispute without the need for any formal proceedings.

     (c) Formal proceedings for the resolution of a dispute pursuant to Section 8.2 may not be
initiated until at least ten Business Days after the receipt by a party of a notice under Section
8.1(a) referring a dispute to Senior Managers.

     Section 8.2. All disputes arising out of or in connection with this Agreement and the
transactions contemplated hereby which cannot be resolved through the procedures described herein
or therein shall be finally resolved solely and exclusively by means of arbitration to be conducted
in English in the City of New York. The arbitration shall be conducted by a sole arbitrator
appointed by agreement of the parties, or failing such agreement, under the Commercial Rules of the
American Arbitration Association and the arbitration will proceed under such Rules. The decision
of the arbitrator shall be final, conclusive and binding upon the parties, and a judgment upon the
award may be obtained and entered in any federal or state court of competent jurisdiction. The
parties agree that any arbitration shall be kept confidential and any element of such arbitration
(including but not limited to any pleadings, briefs or other documents submitted or exchanged, any
testimony or other oral submissions, and any awards) shall not be disclosed beyond the arbitral
tribunal, the parties, their counsel and any Person necessary to conduct the arbitration, except as
may be required in recognition and enforcement proceedings, if any, or in order to satisfy
disclosure obligations imposed by any applicable Law. The parties agree to cooperate in providing
each other with all discovery, including but not limited to the exchange of documents and
depositions of parties and non-parties, reasonably related to the issues in the arbitration. If
the parties are unable to agree on any matter relating to such discovery, any such difference shall
be determined by the arbitrator. The parties also agree to submit to the non-exclusive personal
jurisdiction of the federal and state courts sitting in New York, New York, for the limited purpose
of enforcing this arbitration agreement (including, where appropriate, issuing injunctive relief)
or any award resulting from arbitration pursuant to this Section 8.2. The parties agree that the
arbitration proceeding described in this Section 8.2 is the sole and exclusive manner in which the
parties may resolve disputes arising out of or in connection with this Agreement; provided,
however, that the parties expressly agree that nothing herein shall prevent the parties
from applying to a court having jurisdiction over any of the parties hereto for provisional,
injunctive or interim relief to preserve the status quo or otherwise to prevent irreparable harm to
a party pending the outcome of arbitration. The prevailing party in any arbitration shall be
entitled to attorneys’ fees and costs and the non-prevailing party shall be responsible for all
expenses of the arbitration.

     Section 8.3. If there is a dispute between the parties, each party shall continue to
perform all of their obligations under this Agreement (including the obligations in dispute).

ARTICLE 9

MISCELLANEOUS

     Section 9.1. Force Majeure. (a) The obligations of Cadbury or DPS and their
respective Affiliates, as the Providing Party, shall be suspended during the period, but only to
the

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extent that Cadbury or DPS and their respective Affiliates, as the case may be, is prevented
or hindered from complying therewith by any of the following causes beyond its reasonable control:
(i) acts of God, (ii) weather, fire or explosion, (iii) war, invasion, riot, domestic insurrection,
acts of terrorism or other civil unrest, (iv) national or regional emergency, (v) shortage of
adequate power or transportation facilities, or (vi) any other event which is beyond the reasonable
control of the Providing Party (each, a “Force Majeure Event”). In such event, the
Providing Party shall give notice of suspension as soon as reasonably practicable to the other
stating the date and extent of such suspension and the cause thereof, and such Providing Party
shall resume the performance of such obligations as soon as reasonably practicable after the
removal of the cause.

     (b) During the duration of a Force Majeure Event, the affected party shall use commercially
reasonable efforts to avoid, mitigate, remedy or remove such Force Majeure Event (including the
expenditure of reasonable sums), and shall use commercially reasonable efforts to resume its
performance under this Agreement with the least practicable delay.

          Section 9.2. Independent Contractor. The parties and each of their respective
Affiliates shall each be an independent contractor in the performance of its obligations hereunder
and not as the agent of the Receiving Party in performing Services, and no employee of a Providing
Party performing Services shall be considered an employee of the Receiving Party. No third party,
including any employee of any party or any of such party’s Affiliates, shall have or acquire any
rights by reason of this Agreement.

          Section 9.3. Public Announcement. None of the parties hereto shall make, or
cause to be made, any press release or public announcement in respect of this Agreement or the
services contemplated hereby or otherwise communicate with any news media without the prior written
consent of the other party (unless otherwise required by Law or applicable stock exchange
regulation), and the parties hereto shall cooperate as to the timing and contents of any such press
release, public announcement or communication.

          Section 9.4. Notices. All notices, requests, claims, demands and other
communications hereunder shall be in writing and shall be given or made (and shall be deemed to
have been duly given or made upon receipt) by delivery in person, by an internationally recognized
overnight courier service, by facsimile or registered or certified mail (postage prepaid, return
receipt requested) to the respective parties hereto at the following addresses (or at such other
address for a party as shall be specified in a notice given in accordance with this Section 9.4):

          if to Cadbury:

	 	 	 
	Cadbury Schweppes plc

25 Berkeley Square

London W1J 6HB
	Facsimile:

	 	44-20-7830-5015
	Attention:

	 	Henry Udow, Esq.

	 

	 	Chief Legal Officer

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	with a copy to:
	 
	 	 
	Cadbury Adams USA

389 Interpace Parkway

Parsippany, NJ 07054
	Facsimile:

	 	(973) 909-3976
	Attention:

	 	Thomas Whitten
	 
	 	 
	if to DPS:
	 
	 	 
	5301 Legacy Drive, 3rd Floor

Plano, TX 75024
	Facsimile:

	 	(972) 673-8130
	Attention:

	 	James L. Baldwin, Jr.

	 

	 	General Counsel
	 
	 	 
	with a copy to:
	 
	 	 
	Dr Pepper Snapple Group, Inc.

5301 Legacy Drive

Plano, TX 75024
	Facsimile:

	 	(972) 673-8130
	Attention:

	 	Angie Wallander

     Section 9.5. Governing Law. This Agreement shall be governed by, and
construed in accordance with, the laws of the State of New York, without giving effect to the
choice of law or conflicts of law principles that would cause the application of the laws of any
other jurisdiction.

     Section 9.6. Counterparts. This Agreement may be executed and delivered
(including by facsimile transmission or portable document format (“.pdf”)) in one or more
counterparts, and by the different parties hereto in separate counterparts, each of which when
executed shall be deemed to be an original, but all of which taken together shall constitute one
and the same agreement.

     Section 9.7. Headings. The headings contained in this Agreement are for
reference purposes only and shall not in any way affect the meaning or interpretation of this
Agreement.

     Section 9.8. Modifications. This Agreement contains the entire understanding
and agreement between the parties hereto as to the services being performed hereunder. It may not
be amended or modified except by a written instrument executed by the parties hereto.

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     Section 9.9. Cumulative Effect. The rights and obligations of the parties
under this Agreement shall be cumulative to and not exclusive of the rights and obligations of the
parties contained in the Separation Agreement.

     Section 9.10. Interpretation. All references in this Agreement to “Cadbury”
or “DPS” or a “party” shall be deemed to include such party’s Affiliates unless the context
requires otherwise. All references in this Agreement to “services to be supplied” or similar
language shall be defined to include “facilities to be provided” unless the context requires
otherwise. To the extent that this Agreement purports to impose any obligation on the Affiliates
of a party, such party shall cause its Affiliates to fulfill such obligation.

     Section 9.11. Insurance. As regards employees, agents or representatives of a
Providing Party who shall be performing the Services on or at properties of a Receiving Party, the
Receiving Party will be designated as an additional insured under the Providing Party’s liability
insurance.

     Section 9.12. Amendment. This Agreement may not be amended or modified except
(a) by an instrument in writing signed by, or on behalf of, Cadbury and DPS or (b) by a waiver in
accordance with Section 9.13.

     Section 9.13. Waiver. Either party to this Agreement may (a) extend the time
for the performance of any of the obligations or other acts of the other party, (b) waive any
inaccuracies in the representations and warranties of the other party contained herein or in any
document delivered by the other party pursuant hereto or (c) waive compliance with any of the
agreements of the other party or conditions to such party’s obligations contained herein. Any such
extension or waiver shall be valid only if set forth in an instrument in writing signed by the
party to be bound thereby. Any waiver of any term or condition shall not be construed as a waiver
of any subsequent breach or a subsequent waiver of the same term or condition, or a waiver of any
other term or condition of this Agreement. The failure of either party hereto to assert any of its
rights hereunder shall not constitute a waiver of any of such rights.

     Section 9.14. Severability. If any term or other provision of this Agreement
is invalid, illegal or incapable of being enforced by any Law or public policy, all other terms and
provisions of this Agreement shall nevertheless remain in full force and effect for so long as the
economic or legal substance of the transactions contemplated by this Agreement is not affected in
any manner materially adverse to either party hereto. Upon such determination that any term or
other provision is invalid, illegal or incapable of being enforced, the parties hereto shall
negotiate in good faith to modify this Agreement so as to effect the original intent of the parties
as closely as possible in an acceptable manner in order that the transactions contemplated by this
Agreement are consummated as originally contemplated to the greatest extent possible.

     Section 9.15. No Additional Rights. Except as expressly provided in this
Agreement, the parties agree that this Agreement shall not grant to either party any additional
rights to the other party’s proprietary information, technology or know-how.

[Remainder of the page intentionally left blank]

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     IN WITNESS WHEREOF, Cadbury and DPS have caused this Agreement to be executed as of the date
first written above by their respective officers thereunto duly authorized.

	 	 	 	 	 
	 	CADBURY SCHWEPPES PLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	DR PEPPER SNAPPLE GROUP, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}]]