Document:

Exhibit 10.3

 

THE COCA-COLA COMPANY

2014 EQUITY PLAN

STOCK OPTION AGREEMENT

 

Account Number:

 

The Coca-Cola Company (“KO”) hereby grants to the
optionee named below Options to purchase KO Stock at the option price per share set forth below, subject to the provisions of this
Stock Option Agreement, including any country-specific provisions for the optionee’s country in the appendix attached hereto (the
“Appendix,” together with the Stock Option Agreement, the “Agreement”) and The Coca-Cola Company 2014 Equity
Plan (the “Plan”).

 

		Optionee’s Name:

		Number of Options Granted, each for One Share of KO Stock:

		Option Price per Share:

		Option Offer Date for Belgium:

		Option Grant Date:

		Option Expiration Date:

		Vesting Schedule:

 

Capitalized terms not otherwise defined in this Agreement
shall have the meaning provided in the Plan. The Plan is incorporated into, and made a part of, this Agreement.

 

	1.	When Options can be exercised.

	 	 	 
		(a)	General provisions.
	 	 	 

 

	 	(i)	No Option may be exercised until it has vested.
	 	 	 
	 	(ii)	No Option shall be exercisable prior to the first anniversary of the grant date, except in the event of a Change in Control, death or Disability resulting in a termination of employment.
	 	 	 
	 	(iii)	Except as is otherwise explicitly provided in this Agreement and the Plan, non-vested Options are forfeited immediately following termination of employment for any reason, and vested Options expire the earlier of: a) six months following termination of employment for any reason, and b) the Expiration Date noted in the Option.
	 	 	 
	 	(iv)	Except as is otherwise explicitly provided in this Agreement and the Plan, once an Option has vested, it may be exercised until it expires.  Unless otherwise provided in the Plan or in this Agreement, the Options expire on the Option expiration date noted above. 
	 	 	 
	 	(vi)	Notwithstanding any provision to the contrary in the Plan or in
    this Agreement, in the event of the optionee’s violation of Section 6 below, the Options will expire immediately at the
    time of such violation. 
	 	 	 

 

		(b)	Specific provisions. Except as otherwise provided in the Plan or in this Agreement, one fourth of the number of Options
covered by this Agreement shall vest on each of the first, second, third and fourth anniversaries of the grant date.
	 	 	 

 

	2.	Employment Events.

	 	 	 
		(a)	The following chart describes the impact on vesting and the exercise period of certain events.

 

	Event 	Impact on Vesting	Impact on Exercise Period
	Disability	Options continue to vest if employee is still employed.	Option expiration date provided in Agreement continues to apply.
	Employment with the Company or a Subsidiary terminates because of Disability	All Options become immediately vested.	Option expiration date provided in Agreement continues to apply.
	Employee is involuntary terminated from the Company or a Subsidiary after attaining age 50 and completing 10 Years of Service because of reduction in workforce, internal reorganization, or job elimination and employee signs a release of all claims and, if requested, an agreement on confidentiality and competition	Options held at least 12 months continue to vest for four years from termination date in accordance with the Option vesting schedule provided in the Agreement. Options held less than 12 months are forfeited.	Expires upon earlier of (1) four years from termination date, or (2) the Option expiration date provided in the Agreement.

 

 

    	 

    	 

    

	Event 	Impact on Vesting	Impact on Exercise Period
	Employment with the Company or a Subsidiary terminates after attaining age 60 and completing 10 Years of Service	Options held at least 12 months become immediately vested. Options held less than 12 months are forfeited.	Option expiration date provided in Agreement continues to apply.
	Employment with the Company or a Subsidiary terminates because of death 	All Options become immediately vested.	Right of executor or administrator of estate to exercise Options terminates on earlier of (1) five years from the date of death, or (2) the Option expiration date provided in the Agreement.
	Employment with the Company or a Subsidiary involuntarily terminates for reason other than for cause within one year after a Change in Control	Award shall be treated as described in the Plan.	Award shall be treated as described in the Plan.
	Employment with the Company or a Subsidiary terminates for any other reason	Unvested Options are forfeited.	Expires upon earlier of (1) six months from termination date, or (2) the Option expiration date provided in the Agreement.
	US military leave	Vesting continues during leave.	Option expiration date provided in the Agreement continues to apply.
	Unpaid
    leave of absence pursuant to published Company policy of 12 months or less[1]	Vesting continues during leave.	Option expiration date provided in the Agreement continues to apply.
	Transfer, at Company’s discretion, to an Affiliate that is not a Subsidiary 	Vesting continues after move. 	Option expiration date provided in the Agreement continues to apply.
	Transfer to a Subsidiary 	Vesting continues after move. 	Option expiration date provided in the Agreement continues to apply.
	Optionee’s employer is no longer an Affiliate under the terms of the Plan (this constitutes a termination of employment under the Plan)	Unvested Options are forfeited.	Expires upon earlier of (1) six months from termination date or (2) Option expiration date provided in the Agreement.
	Employment with an Affiliate terminates for any reason	Unvested Options are forfeited.	Expires upon earlier of (1) six months from termination date or (2) Option expiration date provided in the Agreement.
	Death after termination but before option has expired. Note: Termination of employment may have resulted in a change to the original Option expiration date provided in the grant	Not applicable	Right of executor or administrator of estate terminates on earlier of (1) five years from the date of death, or (2) the Option expiration date that applied at the date of death. 

 

		(b)	“Years of Service” for purposes of this agreement means “Years of Vesting Service” as that term is
defined in The Coca-Cola Company Pension Plan, regardless of whether the optionee is a participant in that plan.

	 	 	 
		(c)	Committee Discretion to Establish Different Terms. Notwithstanding the foregoing provisions, the Committee may, at its sole
discretion, establish different terms and conditions pertaining to the effect of an optionee’s termination on the expiration
or exercisability of Options at the time of grant or on the expiration or exercisability of outstanding Options. However, no Option
can have a term of more than ten years.
	 	 	 

	3.	How to exercise the Options. In order to exercise an Option, it must be vested and must not have expired, and the optionee
must do the following:
	 	 	 

		(a)	Pay the option price. The optionee must pay the option price. The optionee shall be informed of the acceptable form
and method of payment at or before the time the optionee informs KO of his or her intention to exercise the Option. The acceptable
forms and methods of payment of the option price may include payment in cash, pursuant to a cashless exercise authorized by KO,
or by delivery, through attestation, of shares of KO Stock owned by the optionee. Not all forms and methods of payment are available
in every country. The value of any shares delivered to pay the option price shall be computed on the basis of the most recent reported
market price at which a share of KO Stock shall have been sold prior to the time of processing the optionee’s election to deliver
shares in payment of the option price, as reported on the New York Stock Exchange Composite Transactions listing.

 

 

 

 

[1]
In the case of other leaves of absence not specified above, including all leaves that extend beyond twelve months, optionees will
be deemed to have terminated employment on the date of the leave (so that unvested options will be forfeited as of the date the
leave begins and the option exercise period will end on the earlier of six months from the date the leave began or the option expiration
date provided in the grant), unless the Committee identifies a valid business interest in doing otherwise, in which case it may
specify what provisions it deems appropriate at its sole discretion; provided that the Committee shall have no obligation to consider
any such matters.

    	 

    	 

    

		(b)	Complete all paperwork. The optionee must complete, sign and return any paperwork required by KO or by Merrill Lynch,
Pierce, Fenner & Smith (“Merrill Lynch”), or such other agent as may administer the Option program on behalf of KO
from time to time.

 

		(c)	Pay applicable Tax-Related Items.
	 	 	 

			Irrespective of any action taken by the Company or, or if different, the optionee’s employer (the “Employer”),
the optionee hereby acknowledges and agrees that the ultimate liability for all income tax, social insurance, payroll tax, fringe
benefits tax, payment on account or other tax-related items related to the optionee’s participation in the Plan and legally
applicable to the optionee (“Tax-Related Items”), is and remains the responsibility of the optionee or the optionee’s
estate or legal representative (as applicable) and may exceed the amount actually withheld by the Company or the Employer. The
optionee acknowledges and understands that the requirements with respect to the Tax-Related Items may change from time to time
as applicable laws or interpretations change.
	 	 	 

			Prior to any relevant taxable or tax withholding event, as applicable, the optionee agrees to make adequate arrangements satisfactory
to the Company and/or the Employer to satisfy all Tax-Related Items. In this regard, the optionee authorizes the Company, the Employer,
and their respective agents, at their discretion, to satisfy any tax withholding obligations with regard to all Tax-Related Items
by one or a combination of the following:
	 	 	 

		·	withholding from the optionee’s wages or other cash compensation paid to the optionee by
the Company and/or the Employer, or any other payment of any kind otherwise due to the optionee by the Company and/or the Employer;
or
	 	 	 

		·	withholding from proceeds of the sale of shares of KO Stock acquired upon exercise of the Option,
either through a voluntary sale or through a mandatory sale arranged by the Company. In this regard, the optionee agrees that,
should KO or any Affiliate in its reasonable judgment determine that Tax-Related Items withholding is required upon exercise of
the options, KO may instruct Merrill Lynch to withhold and/or sell shares of KO Stock acquired by the optionee upon exercise of
his or her options, or 
	 	 	 

		·	If the optionee is a U.S. taxpayer, he or she may elect to satisfy federal, state and local income
Tax-Related Items liabilities due by reason of the exercise by having shares of KO Stock withheld. The value of withheld shares
shall be computed as described in paragraph 2(a) above.
	 	 	 

			If the obligation for Tax-Related Items is satisfied by withholding in shares of KO Stock, for tax purposes, the optionee is
deemed to have been issued the full number of shares subject to the Option, notwithstanding that a number of the shares are retained
solely for the purpose of paying the Tax-Related Items.

 

			In addition, the optionee shall pay to the Company or the Employer any amount of Tax-Related Items that the Company or the
Employer may be required to withhold or account for as a result of the optionee’s participation in the Plan that cannot be
satisfied by the means previously described. The Company may refuse to issue or deliver the KO Stock or the proceeds of the sale
of Shares, if the optionee fails to comply with the optionee’s obligations in connection with the Tax-Related Items.
	 	 	 

			The optionee further acknowledges that the Company and/or the Employer (1) make no representations or undertakings regarding
the treatment of any Tax-Related Items in connection with any aspect of the Option, including, but not limited to, the grant, vesting
or exercise of the Option, the issuance of shares of KO Stock upon exercise, the subsequent sale of shares acquired pursuant to
such exercise and the receipt of any dividends; and (2) do not commit to and are under no obligation to structure the terms of
the grant or any aspect of the Option to reduce or eliminate the optionee’s liability for Tax-Related Items or achieve any
particular tax result. Further, if the optionee is subject to tax in more than one jurisdiction, the optionee acknowledges that
the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items
in more than one jurisdiction. For optionees who are International Service Associates, all Tax-Related Items remain the optionee’s
responsibility, except as expressly provided in KO’s International Service Policy and/or tax equalization program.
	 	 	 

		(d)	Pay applicable fees. The optionee agrees to pay to Merrill Lynch any costs associated with the sale of shares of KO
Stock acquired upon exercise of the Options, whether such shares are sold to pay the option price, to satisfy Tax-Related Items
or for other reasons.
	 	 	 

		(e)	Right of set-off. By accepting this Agreement, the optionee agrees that, should KO or any Affiliate in its reasonable
judgment determine that optionee owes KO or any Affiliate any amount due to any loan, note, obligation or indebtedness, including
but not limited to amounts owed to KO pursuant to KO’s tax equalization program or KO’s policies with respect to travel
and business expenses, and if the optionee has not satisfied such obligation(s), then KO may instruct Merrill Lynch to withhold
and/or sell shares of KO Stock acquired by the optionee upon exercise of his or her Options, or KO may deduct funds equal to the
amount of such obligation from the optionee’s salary or other funds due to the optionee from KO.

 

    	 

    	 

    

 

		(f)	Comply with additional restrictions. The optionee agrees that the Compensation Committee of the Board of Directors of
KO (the “Committee”), or its designee, may, in the exercise of its sole and absolute discretion at or before the time
the optionee informs KO of his or her intention to exercise the Option, establish any additional conditions or restrictions with
respect to the exercise of the Option, including, but not limited to, restrictions on the acceptable form or method of payment
of the option price and restrictions for failing to promptly submit to KO or any Affiliate, a tax organizer, or such other
tax-related documents reasonably requested by KO or, if different, the Employer, pursuant to KO’s tax equalization program
(if optionee is a participant in such program). The optionee shall be informed of such restrictions. The optionee agrees to comply
with any such additional conditions or restrictions.
	 	 	 

	4.	Non-qualified Option under U.S. Tax Laws. The Options are not intended to be, and shall not be treated as, incentive
stock options, as defined in Section 422 of the U.S. Internal Revenue Code of 1986, as amended.
	 	 	 

	5.	Options are not transferable. The optionee may not assign or transfer the Options in any situation, including, but not
limited to, divorce; provided that upon the optionee’s death the Options may be transferred by will or by the laws of descent and
distribution. During the lifetime of the optionee, the Options shall be exercisable only by the optionee personally or, in the
event of the optionee’s Disability if a legal representative has been appointed to act on behalf of the optionee, then by the optionee’s
legal representative.
	 	 	 

	6.	Forfeiture of Options and Option gain. In the event optionee shall engage in a “Prohibited Activity” (as
defined on Schedule A hereto), at any time during the term of the Options, or within one year after termination of optionee’s
employment from KO, the Employer or any Affiliate, or within one year after exercise of all or any portion of the Options, whichever
occurs latest, this Option shall be rescinded and, if applicable, any gain associated with any exercise of this Option shall be
forfeited and repaid to KO. Accordingly, if the optionee engages in a Prohibited Activity, then:
	 	 	 

		(a)	as of the date that the optionee participates in such Prohibited Activity, all unexercised portions of this Option immediately
and automatically shall terminate, be forfeited, and shall cease to be exercisable (unless such Option has been terminated sooner
by operation of another term or condition of the Plan or this Agreement); and
	 	 	 

		(b)	within ten days after receiving from KO written notice of the termination of this Option, the optionee
shall pay to KO any and all gains associated with the exercise of all or any portion of this Option, plus interest calculated from
the time of such notice through the date of repayment to KO. The gain associated with the exercise of any portion of this Option
shall be the closing price per share on the date of the exercise thereof, as reported on the New York Stock Exchange Composite
Transactions listing, less the option price per share shown above, multiplied by the number of Options exercised. Interest shall
be calculated using the weighted prime rate at SunTrust Bank, Atlanta.
	 	 	 

		Optionee may be released from the effects of this section if the Committee determines in its sole discretion that such action
is in the best interest of KO and its stockholders.
	 	 	 

		Optionee expressly acknowledges and affirms that the foregoing provisions of this section are material and important terms
of this Agreement, and optionee expressly agrees that if all or any part or application of the foregoing provisions of this section
are held or determined to be invalid or unenforceable for any reason whatsoever by a court of competent jurisdiction in an action
between optionee and KO, KO shall be entitled to receive from optionee, in exchange for the exercise price per share shown above,
all shares of KO Stock acquired by optionee upon exercise of any portion of the Option and held by optionee. If optionee has sold,
transferred or otherwise disposed of any shares of KO Stock acquired by optionee upon exercise of any portion of the Option, KO
shall be entitled to receive from optionee the gain associated with such sale, transfer or disposal, plus interest calculated through
the date of payment to KO. The gain associated with the sale, transfer or other disposal of any share of KO Stock acquired by optionee
upon exercise of any portion of the Option shall be the closing price per share on the date of such sale, transfer or disposal,
as reported on the New York Stock Exchange Composite Transactions listing, less the option price per share shown above, multiplied
by the number of shares of KO Stock sold, transferred or disposed of. Interest shall be calculated using the weighted prime rate
at SunTrust Bank, Atlanta.
	 	 	 

	7.	Stock ownership guidelines and agreement to retain net shares. If the optionee is subject to KO’s stock ownership
guidelines, the optionee expressly agrees as a condition of this grant that if optionee has not met the applicable stock ownership
guidelines within the time prescribed therein, optionee will not sell the number of shares of KO Stock obtained upon exercise of
the Options (after paying the Tax-Related Items and the option price, if applicable) until the optionee has satisfied the optionee’s
share ownership guidelines and then only shares in excess of those guidelines. Nothing in this paragraph shall be construed to
limit the optionee’s ability to execute a cashless exercise.

 

    	 

    	 

    

 

	8.	Notices. Each notice relating to the Option or its exercise shall be in writing. Requests and other notices regarding
the exercise of Options shall be delivered (whether by overnight delivery or by mail) as follows:

 

Merrill Lynch, Pierce, Fenner & Smith at Merrill
Lynch Group Employee Services

Attention: The Coca-Cola Company Stock Option Plan Unit

1400 Merrill Lynch Drive

Mail Stop 04-BS-PRO

Pennington, New Jersey 08534, USA

 

	 	All notices to KO shall be addressed as follows:  	Director, Executive Compensation
	 	 	The Coca-Cola Company
	 	 	One Coca-Cola Plaza
	 	 	Atlanta, Georgia 30313, USA  

 

		All notices to the optionee shall be addressed to the principal address of the optionee on file with KO, the Employer and/or
Merrill Lynch. Either KO or the optionee may designate a different address by written notice to the other. Written notice to these
addresses shall be effective to bind KO, the optionee and the optionee’s successors and assigns.
	 	 	 

	9.	Administrative matters. The optionee hereby agrees that the Committee may, subject to the provisions of the Plan, establish
such rules and regulations as it deems necessary or advisable for the proper administration of the Plan, and may make determinations
and may take such other action in connection with or in relation to the Plan as it deems necessary or advisable. Each determination
or other action made or taken pursuant to the Plan, including interpretation of the Plan and the specific conditions and provisions
of this Agreement and the Options, shall be final and conclusive for all purposes and upon all persons including, but without limitation,
KO, Affiliates, the Committee, the KO Board of Directors, officers and the affected employees of KO, and the optionees and their
respective successors in interest.
	 	 	 

		When the issuance or transfer of KO Stock pursuant to the exercise of an Option may, in the opinion of KO, conflict or be inconsistent
with any applicable law or regulation of any governmental agency having jurisdiction, KO reserves the right to refuse to issue
or transfer that KO Stock.
	 	 	 

	10.	Data Privacy. The optionee hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic
or other form, of the optionee’s personal data as described in this Agreement and any other Option grant materials by and among,
as applicable, the Employer, the Company and its Affiliates for the exclusive purpose of implementing, administering and managing
the optionee’s participation in the Plan.
	 	 	 

		The optionee understands that the Company and the Employer may hold certain personal information about the optionee, including,
but not limited to, the optionee’s name, home address and telephone number, date of birth, social insurance number or other identification
number, salary, nationality, job title, any shares of stock or directorships held in the Company, details of all Options or any
other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in the optionee’s favor (“Data”),
for the exclusive purpose of implementing, administering and managing the Plan. Certain Data may also constitute “sensitive
personal data” within the meaning of applicable local law. Such Data includes, but is not limited to, the information provided
above and any changes thereto and other appropriate personal and financial data about the optionee.
	 	 	 

The optionee hereby provides explicit consent
to KO, the Employer and any Affiliate to process any such Data. The optionee understands that Data will be transferred to Merrill
Lynch or such other stock plan service provider as may be selected by the Company in the future, which is assisting the Company
with the implementation, administration and management of the Plan. The optionee understands that the recipients of the Data may
be located in the United States or elsewhere, and that the recipient’s country (e.g., the United States) may have different
data privacy laws and protections than the optionee’s country. The optionee understands that if the optionee resides outside the
United States, the optionee may request a list with the names and addresses of any potential recipients of the Data by contacting
his or her local human resources representative. The optionee authorizes the Company, Merrill Lynch and any other possible recipients
which may assist the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess,
use, retain and transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing
the optionee’s participation in the Plan. The optionee understands that Data will be held only as long as is necessary to implement,
administer and manage the optionee’s participation in the Plan. The optionee understands that if the optionee resides outside the
United States, the optionee may, at any time, view Data, request additional information about the storage and processing of Data,
require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in
writing his or her local human resources representative. Further, the optionee understands that the optionee is providing the consents
herein on a purely voluntary basis. If the optionee does not consent, or if the optionee later seeks to revoke his or her consent,
the optionee’s employment status or service and career with the Employer will not be adversely affected; the only adverse consequence
of refusing or withdrawing his or her consent is that the Company would not be able to grant optionee Options or other equity awards
or administer or maintain such awards. Therefore, the optionee understands that refusing or withdrawing his or her consent may
affect the optionee’s ability to participate in the Plan. For more information on the consequences of his or her refusal to consent
or withdrawal of consent, the optionee understands that the he or she may contact the local human resources representative.

 

    	 

    	 

    

 

	11.	Nature of Grant. In accepting the Options, the optionee acknowledges, understands and agrees that:
	 	 	 

		(a)	the Plan is discretionary in nature, and KO can amend, modify, suspend, cancel or terminate it at any time, to the extent permitted
under the Plan;
	 	 	 

		(b)	the grant of Options under the Plan is voluntary and occasional and does not create any contractual
or other right to receive future grants of any Options, or benefits in lieu of any Options, even if Options have been granted repeatedly
in the past; 
	 	 	 

		(c)	all determinations with respect to any future awards, including, but not limited to, the times
when Options shall be granted, the option price, and the time or times when each right shall be exercisable, will be at the sole
discretion of the Committee; 
	 	 	 

		(d)	participation in the Plan is voluntary;
	 	 	 

		(e)	the Option and any shares of KO Stock acquired under the Plan are not intended to replace
any pension rights or compensation;
	 	 	 

		(f)	the future value of the shares of KO Stock underlying the Option is unknown, indeterminable
and cannot be predicted with certainty;
	 	 	 

		(g)	if the underlying shares of KO Stock do not increase in value, the Option will have no value;
	 	 	 

		(h)	if the optionee exercises the Option and acquires shares of Stock, the value of such shares
of KO Stock may increase or decrease in value, even below the option price;
	 	 	 

		(i)	the Options and any shares of KO Stock acquired under the Plan and any income derived therefrom
are not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating any termination,
severance, resignation, redundancy, dismissal, end of service payments, bonuses, long-service awards, life or accident insurance
benefits, pension or retirement or welfare benefits or similar payments; 
	 	 	 

		(j)	for purposes of the Option, the optionee’s employment or service relationship will be considered
terminated as of the date the optionee is no longer actively providing services to the Company or an Affiliate (regardless of the
reason for such termination and whether or not later found to be invalid or in breach of employment laws in the jurisdiction where
the optionee is employed or the terms of the optionee’s employment agreement, if any), and unless otherwise expressly provided
in this Agreement or determined by the Company, (i) the optionee’s right to vest in the Option under the Plan, if any, will terminate
as of such date and will not be extended by any notice period (e.g., the optionee’s period
of service would not include any contractual notice period or any period of “garden leave” or similar period mandated
under employment laws in the jurisdiction where the optionee is employed or the terms of the optionee’s employment agreement, if
any); and (ii) the period (if any) during which the optionee may exercise the Option after such termination of the optionee’s employment
or service relationship will commence on the date the optionee ceases to actively provide services and will not be extended by
any notice period mandated under employment laws in the jurisdiction where the optionee is employed or terms of the optionee’s
employment agreement, if any; the Committee shall have the exclusive discretion to determine when the optionee is no longer actively
providing services for purposes of the optionee’s Option grant (including whether the optionee may still be considered to be providing
services while on a leave of absence);
	 	 	 

		(k)	no claim or entitlement to compensation or damages shall arise from forfeiture of the Option
resulting from the termination of the optionee’s employment or other service relationship (for any reason whatsoever, whether or
not later found to be invalid or in breach of employment laws in the jurisdiction where the optionee is employed or the terms of
the optionee’s employment agreement, if any), and in consideration of the grant of the Option to which the optionee is otherwise
not entitled, the optionee irrevocably agrees never to institute any claim against the Company, the Employer or any Affiliate;
if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the
Plan, the optionee shall be deemed irrevocably to have agreed not to pursue such claim and agrees to execute any and all documents
necessary to request dismissal or withdrawal of such claim;
	 	 	 

		(l)	the Option grant and the optionee’s participation in the Plan shall not create a right to
employment or be interpreted as forming an employment or service contract with the Company, the Employer or any Affiliate, and
shall not interfere with the ability of the Company, the Employer or any Affiliate, as applicable, to terminate the optionee’s
employment or service relationship (if any); and
	 	 	 

		(m)	if the optionee is providing services outside the United States, the optionee acknowledges and agrees that neither the Company,
the Employer nor any Affiliate shall be liable for any foreign exchange rate fluctuation between the optionee’s local currency
and the United States Dollar that may affect the value of the Option or of any amounts due to me pursuant to the exercise of the
Option or the subsequent sale of any shares of KO Stock acquired upon exercise.
	 	 	 

	12.	No Advice Regarding Grant. The Company is not providing any tax, legal or financial advice, nor is the Company making
any recommendations regarding the optionee’s participation in the Plan, or optionee’s acquisition or sale of the underlying shares
of KO Stock. The optionee is hereby advised to consult with his or her own personal tax, legal and financial advisors regarding
the optionee’s participation in the Plan before taking any action related to the Plan.

 

    	 

    	 

    
 

	13.	Entire Agreement Severability. The Plan and this Agreement set forth the entire understanding between the optionee,
the Employer, the Company, and any Affiliate regarding the acquisition of the shares of KO Stock and supersedes all prior oral
and written agreements pertaining to this Award. If all or any part or application of the provisions of this Agreement are held
or determined to be invalid or unenforceable for any reason whatsoever by a court of competent jurisdiction in an action between
optionee and KO, each and all of the other provisions of this Agreement shall remain in full force and effect.
	 	 	 

	14.	Governing Law and Venue. The Option grant and this Agreement has been made in and shall be governed by, construed under
and in accordance with the laws of the State of Delaware, United States of America, without regard to the conflict of law provisions,
as provided in the Plan. Any and all disputes relating to, concerning or arising from this Agreement, or relating to, concerning
or arising from the relationship between the parties evidenced by the Options or this Agreement, shall be brought and heard exclusively
in the United States District Court for the District of Delaware or the Delaware Superior Court, New Castle County. Each of the
parties hereby represents and agrees that such party is subject to the personal jurisdiction of said courts; hereby irrevocably
consents to the jurisdiction of such courts in any legal or equitable proceedings related to, concerning or arising from such dispute,
and waives, to the fullest extent permitted by law, any objection which such party may now or hereafter have that the laying of
the venue of any legal or equitable proceedings related to, concerning or arising from such dispute which is brought in such courts
is improper or that such proceedings have been brought in an inconvenient forum.
	 	 	 

	15.	Electronic Delivery and Acceptance. The Company may, in its sole discretion, decide to deliver any documents related
to current or future participation in the Plan by electronic means. The optionee hereby consents to receive such documents by electronic
delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company
or a third party designated by the Company.
	 	 	 

	16.	Language. If the optionee has received this Agreement, or any other document related to the Option and/or the Plan translated
into a language other than English and if the meaning of the translated version is different than the English version, the English
version will control.
	 	 	 

	17.	Appendix. Notwithstanding any provisions in this Agreement, the Option grant shall be subject to any special terms and
conditions set forth in the Appendix to this Agreement for the optionee’s country. Moreover, if the optionee relocates to one of
the countries included in the Appendix, the special terms and conditions for such country will apply to the optionee, to the extent
the Company determines that the application of such terms and conditions is necessary or advisable for legal or administrative
reasons. The Appendix constitutes part of this Agreement.
	 	 	 

	18.	Imposition of Other Requirements. The Company reserves the right to impose other requirements on the optionee’s participation
in the Plan, on the Option and on any shares of KO Stock purchased upon exercise of the Option, to the extent the Company determines
it is necessary or advisable for legal or administrative reasons, and to require the optionee to sign any additional agreements
or undertakings that may be necessary to accomplish the foregoing.
	 	 	 

	19.	Waiver. The optionee acknowledges that a waiver by the Company of breach of any provision of this Agreement shall not
operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by the optionee or any
other optionee.
	 	 	 

	20.	Insider Trading Restrictions/Market Abuse Laws. The optionee acknowledges that, depending on the optionee’s country
of residence, the optionee may be subject to insider trading restrictions and/or market abuse laws, which may affect the optionee’s
ability to acquire or sell shares of KO Stock or rights to shares of KO Stock (e.g., Options) under the Plan during such
times as the optionee is considered to have “inside information” regarding the Company (as defined by the laws in the
optionee’s country). Any restrictions under these laws or regulations are separate from and in addition to any restrictions
that may be imposed under KO’s insider trading policy. The optionee acknowledges that it is his or her responsibility to
comply with any applicable restrictions, and the optionee is advised to speak to his or her personal advisor on this matter.

 

THE COCA-COLA COMPANY

By: The Committee

 

 

 

Authorized Signature

 

Using the Merrill Lynch voice response system or other
available means, the optionee must accept the above Options to purchase shares of KO Stock in accordance with and subject to the
terms and conditions of this Agreement and the Plan, acknowledge that he or she has read this Agreement and the Plan, and agree
to be bound by this Agreement, the Plan and the actions of the Committee. If he or she does not do so prior to [date], then KO
may declare the Option grant null and void at any time. Also, in the unfortunate event that death occurs before this Agreement
has been accepted, this Option grant will be voided, which means the Options will terminate automatically and cannot be transferred
to the optionee’s heirs pursuant to the optionee’s will or the laws of descent and distribution.

 

    	 

    	 

    

Schedule A

Prohibited
Activities

 

For purposes of this Agreement,
the term “Prohibited Activity” shall include any and all of the following:

 

		(a)	Non-Disparagement – making any statement, written or verbal, in any forum or media, or
taking any action in disparagement of KO, the Employer and/or any Affiliate thereof, including but not limited to negative references
to KO or its products, services, corporate policies, or current or former officers or employees, customers, suppliers, or business
partners or associates;
	 	 	 

		(b)	No Publicity – publishing any opinion, fact, or material, delivering any lecture or address,
participating in the making of any film, radio broadcast or television transmission, or communicating with any representative of
the media relating to confidential matters regarding the business or affairs of KO, the Employer and/or any Affiliate which optionee
was involved with during optionee’s employment;
	 	 	 

		(c)	Non-Disclosure of Trade Secrets – failure to hold in confidence all Trade Secrets of
KO that came into optionee’s knowledge during optionee’s employment by KO, the Employer or any Affiliate, or disclosing,
publishing, or making use of at any time such Trade Secrets, where the term “Trade Secret” means any technical or non-technical
data, formula, pattern, compilation, program, device, method, technique, drawing, process, financial data, financial plan, product
plan, list of actual or potential customers or suppliers or other information similar to any of the foregoing, which (i) derives
economic value, actual or potential, from not being generally known to and not being readily ascertainable by proper means by,
other persons who can derive economic value from its disclosure or use, and (ii) is the subject of efforts that are reasonable
under the circumstances to maintain its secrecy;
	 	 	 

		(d)	Non-Disclosure of Confidential Information – failure to hold in confidence all Confidential
Information of KO, the Employer and/or any Affiliate that came into optionee’s knowledge during optionee’s employment
by KO, the Employer or any Affiliate, or disclosing, publishing, or making use of such Confidential Information, where the term
“Confidential Information” means any data or information, other than Trade Secrets, that is valuable to KO and not generally
known to the public or to competitors of KO;
	 	 	 

		(e)	Return of Materials – failure of optionee, in the event of optionee’s termination
of employment for any reason, promptly to deliver to KO all memoranda, notes, records, manuals or other documents, including all
copies of such materials and all documentation prepared or produced in connection therewith, containing Trade Secrets or Confidential
Information regarding KO’s business, whether made or compiled by optionee or furnished to optionee by virtue of optionee’s
employment with KO, the Employer or any Affiliate, or failure promptly to deliver to KO all vehicles, computers, credit cards,
telephones, handheld electronic devices, office equipment, and other property furnished to optionee by virtue of optionee’s
employment with KO, the Employer or any Affiliate;
	 	 	 

		(f)	Non-Compete – rendering services for any organization which, or engaging directly or
indirectly in any business which, in the sole judgment of the Committee or the Chief Executive Officer of KO or any senior officer
designated by the Committee, is or becomes competitive with KO;
	 	 	 

		(g)	Non-Solicitation –soliciting or attempting to solicit for employment for or on behalf
of any corporation, partnership, or other business entity any employee of the Company or an Affiliate with whom optionee had professional
interaction during the last twelve months of optionee’s employment with KO or the Affiliate; or
	 	 	 

		(h)	Violation of KO Policies – violating any written policies of KO or the Employer applicable
to optionee, including without limitation, KO’s insider trading policy.

 

 

Nothing in this Agreement
is intended to or shall be interpreted as diminishing or otherwise limiting KO’s right under applicable state or local law
or any prior agreement I have signed or made with KO regarding trade secrets, confidential information, or intellectual property.

 

    	 

    	 

    

APPENDIX
TO

 

THE
COCA-COLA COMPANY

2014
EQUITY PLAN

STOCK
OPTION AGREEMENT

 

Terms and Conditions

 

This Appendix includes additional terms and conditions
that govern the Options granted to the optionee under the Plan if the optionee works in one of the countries listed below. If the
optionee is a citizen or resident of a country other than the one in which the optionee is currently working, is considered a resident
of another country for local law purposes or if the optionee transfers employment and/or residency between countries after the
grant date, KO will, in its discretion, determine the extent to which the terms and conditions herein will be applicable to the
optionee.

 

Certain capitalized terms used but not defined in this
Appendix have the same meanings set forth in the Plan and/or the Agreement, as applicable.

 

Notifications

 

This Appendix also includes information regarding securities,
exchange control and certain other tax or legal issues of which the optionee should be aware with respect to the optionee’s
participation in the Plan. The information is based on the securities, exchange control and other laws in effect in the respective
countries as of January 2015. Such laws are often complex and change frequently. As a result, KO strongly recommends that the optionee
not rely on the information in this Appendix as the only source of information relating to the consequences of the optionee’s
participation in the Plan because the information may be out of date at the time that the Options vest, the optionee exercises
the Options or the optionee sells shares of KO Stock acquired under the Plan.

 

In addition, the information contained herein is general
in nature and may not apply to the optionee’s particular situation and KO is not in a position to assure the optionee of
a particular result. Accordingly, the optionee is advised to seek appropriate professional advice as to how the relevant laws in
the optionee’s country may apply to his or her situation. Furthermore, additional privacy laws may apply in the optionee’s
country.

 

Finally, if the optionee is a citizen or resident of a
country other than the one in which the optionee is currently working, is considered a resident of another country for local law
purposes or if the optionee transfers employment and/or residency between countries after the grant date, the information contained
herein may not be applicable to the optionee in the same manner.

 

ARGENTINA

 

Notifications

 

Securities Law Information

 

The optionee understands that neither the Options nor the
shares of KO Stock underlying the Options are publicly offered or listed on any stock exchange in Argentina. The offer is private
and not subject to the supervision of any Argentine governmental authority.

 

Exchange Control Information

 

If the optionee transfers proceeds from the sale of shares
of KO Stock and any cash dividends into Argentina, the optionee may be subject to certain restrictions. If the transfer of funds
received in connection with the Option into Argentina is made within 10 days of receipt, 30% of the amount transferred into Argentina
may be subject to mandatory deposit in a non-interest bearing account for a holding period of 365 days. The Argentine bank handling
the transaction may request certain documentation in connection with the request to transfer sale proceeds into Argentina (e.g.,
evidence of the sale, proof of the source of the funds used to purchase the shares, etc.). If the bank determines that the 10-day
rule or any other rule or regulation promulgated by the Argentine Central Bank has not been satisfied, it will require that 30%
of the proceeds be placed in a non-interest bearing deposit account for a holding period of 365 days.

 

    	 

    	 

    

The optionee is solely responsible for complying with the
exchange control rules that may apply to the optionee in connection with his or her participation in the Plan and/or transfer of
proceeds from the sale of shares of KO Stock or receipt of dividends acquired under the Plan into Argentina. Prior to transferring
funds into Argentina, the optionee should consult his or her local bank and/or exchange control advisor to confirm what will be
required by the bank because interpretations of the applicable Central Bank regulations vary by bank and exchange control rules
and regulations are subject to change without notice.

 

Foreign Asset/Account Reporting Information

 

Argentinian residents must report any shares of KO Stock
acquired under the Plan and held by the resident on December 31 of each year on their annual tax return for that year.

 

AUSTRIA

 

Notifications

 

Consumer Protection Information

 

The optionee may be entitled to revoke the Agreement
on the basis of the Austrian Consumer Protection Act (the “Act”) under the conditions listed below, if the Act is considered
to be applicable to the Agreement and the Plan:

		(i)	The revocation must be made within one week after the acceptance of the Agreement.

		(ii)	The revocation must be in written form to be valid. It is sufficient if the optionee returns
the Agreement to KO or KO’s representative with language that can be understood as the optionee’s refusal to conclude
or honor the Agreement, provided the revocation is sent within the period discussed above.

Exchange Control Information

If the optionee holds securities (including shares
of KO Stock acquired under the Plan) or cash (including proceeds from the sale of shares and any cash dividends) outside of Austria
(even if the optionee holds them outside of Austria at a branch of an Austrian bank), the optionee may be required to report certain
information to the Austrian National Bank if certain thresholds are exceeded.

Specifically, if the optionee is an Austrian resident
and holds securities outside of Austria, reporting requirements will apply if the value of such securities meets or exceeds (i)
€30,000,000 as of the end of any calendar quarter, or (ii) €5,000,000 as of December 31. Further, if the optionee holds
cash in accounts outside of Austria, monthly reporting requirements will apply if the aggregate transaction volume of such cash
accounts meets or exceeds €3,000,000.

BELGIUM

 

Terms and Conditions

 

Offer Document

 

The optionee must accept
the Option in writing either (i) within 60 days of the offer (for tax at offer), or (ii) after 60 days of the offer (for tax at
exercise) by completing the attached Offer Document. The optionee should consult a personal tax advisor with respect to completing
the Offer Document.

 

Notifications

 

Foreign Asset/Account Reporting Information

 

The optionee is required to report any taxable income attributable
to the Option on his or her annual tax return. Additionally, Belgian residents are required to report any security or bank accounts
(including brokerage accounts) maintained outside of Belgium on their annual tax return. In a separate report, they will be required
to provide the National Bank of Belgium with certain details regarding such foreign accounts.

 

    	 

    	 

    

Tax Information

 

This section is intended to advise optionees of potential
tax impacts of certain actions or inactions under Belgian law. This section is applicable to any optionee who is subject to income
tax in Belgium, including residents. Optionees are urged to consult their personal tax advisers when considering all matters regarding
the Option grant set forth in the Agreement.

 

Options accepted within 60 days following the offer
date

 

At grant: Stock Options that are accepted in
writing within 60 days following the offer date are taxable on the date of grant. (Grant date is deemed to be the 60th day following
the date of offer.) The taxable benefit is calculated as a percentage of the closing market price on the last trading day preceding
the date of offer, plus any excess of the closing market price over the option price. Optionee acknowledges that these taxes are
required to be paid even if the Options are later forfeited for any reason, including without limitation termination of employment,
and/or the optionee is not actually able to realize value from the Options. The tax paid may not be refunded by the Belgian revenue
agency.

 

At exercise: No Belgian tax consequences, unless
the optionee breaks his or her commitment to hold and not exercise the Options before the end of the third calendar year following
the calendar year in which the offer was made.

 

At sale: In principle, no Belgian tax consequences.
KO will report details of Option benefits—both at the time of grant and possibly at the time of exercise if the Options are
exercised before the expiration of the committed holding period. Tax is due and payable with the optionee’s individual income
tax return for the year of grant and possibly in the year of exercise.

 

Options accepted after the 60th day following the
offer date

 

At grant: In principle, under current guidance from
the Belgian tax authorities, no Belgian tax consequences.

 

At exercise: According to current guidance from
the Belgian Minister of Finance, Options that are accepted in writing after the 60th day following the offer date are not subject
to taxation at grant, but to taxation at exercise. The taxable benefit is the difference between the actual value of the shares
of KO Stock at exercise less the Option price paid. KO will report details of Option benefits at exercise to the Belgian tax authorities
through the annual salary statement for the year in which the Options are exercised. Belgian income tax is due and payable upon
receipt of the notice of assessment, with the optionee’s individual tax return for the income year of exercise.

 

At sale: In principle, no Belgian tax consequences.
KO and its Affiliates make no guarantee of any tax consequences to the optionee, as laws and guidance may change. In the case of
any such changes, the optionee will accept the possibility of corresponding changes in KO’s obligation in respect of reporting
and withholding.

 

Declining Options

 

If the optionee decline the Options, no tax will be
owed at any time, but the Options will be declared null and void.

 

Special note for international service associates

 

Individuals resident in Belgium who are on international
assignment under a KO or Affiliate program (e.g., ISAs or ESAs) are requested to accept the Options after 60 days of the
date of offer. Should an international assignee accept the Options prior to 60 days from the date of offer, any taxes due on the
grant of the Options shall be the international assignee’s personal responsibility and shall not be covered by the tax equalization
policy.

 

    	 

    	 

    

Belgium Offer Document

 

Sign here to accept or decline the grant:

 

Check one of the following three lines:

 

1.        Accept within 60-day period

 

I accept within the 60-day period (before [date
– 60 days after Option Offer Date]) and commit to hold and not to exercise the Options before the end of the third calendar
year following the year of offer. By accepting the Options within 60 days of the date of the offer, the Options will be taxed in
the tax year in which they are accepted. I acknowledge that these taxes are required to be paid even if the Options are later forfeited
for any reason and/or I am not actually able to realize value from the Options.

 

If you have selected Option 1, please select
one of the following:

 

_______ ACCEPT ALL: I hereby accept all of the
number of Options granted in accordance with and subject to the terms and conditions of this Agreement and the Plan, acknowledge
that I have read this Agreement and the Plan, and agree to be bound by this Agreement, the Plan and the actions of the Committee.
I also declare not to exercise the above Options prior to [date].

 

_______ ACCEPT PART: I hereby accept part of
the Options granted in accordance with and subject to the terms and conditions of this Agreement and Plan. I ACCEPT ONLY            
OF THE OPTIONS GRANTED. I acknowledge that I have read this Agreement and the Plan, and agree to be bound by this Agreement, the
Plan and the actions of the Committee. I also declare not to exercise the above Options prior to [date]. I decline the remaining
number of Options granted.

 

2.        Accept after the 60-day period

 

I accept after the 60-day period (after [date
– 60 days after Option Offer Date]). By accepting the Options at least 60 days after the date of the offer, under current
guidance from the Belgian tax authorities, the Options will be taxed at the time Options are exercised, based on the difference
between the option price and the grant price. KO and its Affiliates make no guarantee of any tax consequences to the optionee,
as laws and guidance may change.

 

3.        DECLINE ALL: I hereby decline all of
the Options granted.

 

 

 

Optionee Signature

 

 

 

Date of Signature

 

 

Warning: If the optionee does not accept all or part
of the grant by checking the first or second line, signing above, and returning this Agreement prior to [date], then KO may declare
the Option grant null and void. Also, in the unfortunate event that death occurs before this Agreement has been so accepted then
this Option grant will be voided, which means the Options cannot be transferred to the optionee’s heirs pursuant to the optionee’s
will or the laws of descent and distribution. 

 

INSTRUCTIONS FOR RETURNING SIGNED GRANT AGREEMENT:

 

Deliver by internal mail to [name], Human
Resources, p/a., Chaussee de Mons 1424, 1070 Brussels

 

    	 

    	 

    

BRAZIL

 

Terms and Conditions

 

Nature of Grant

 

The following provision supplements Section 11 of the Agreement:

 

The optionee agrees that (i) he or she is making an investment
decision, (ii) the optionee will be entitled to exercise the Option only if the vesting conditions are met and any necessary services
are rendered by the optionee over the vesting period, and (iii) the value of the underlying shares of KO Stock is not fixed and
may increase or decrease in value over the vesting period without compensation to the optionee.

 

Compliance with Law

 

By accepting the Option, the optionee acknowledges his
or her agreement to comply with applicable Brazilian laws and to pay any and all applicable taxes associated with the exercise
of Options and the sale of shares of KO Stock acquired under the Plan and the receipt of any dividends. 

 

Notifications

 

Exchange Control Information

 

Remittance of funds for the purchase of shares of KO
Stock under the Plan must be made through an authorized commercial bank in Brazil.

 

Foreign Asset/Account Reporting Information

 

If the optionee is resident or domiciled in Brazil,
the optionee will be required to submit an annual declaration of assets and rights held outside of Brazil to the Central Bank of
Brazil if the aggregate value of such assets and rights is equal to or greater than US$100,000 as of December 31. Assets and rights
that must be reported include shares of KO Stock acquired under the Plan.

 

CANADA

 

Terms and Conditions

 

Termination of Employment

 

The following provision replaces Section 11(j) of the Agreement:

 

In the event of the optionee’s termination of employment
for any reason (whether or not later found invalid or in breach of local employment laws or the terms of the optionee’s employment
agreement, if any), any non-vested Options shall be immediately forfeited without consideration; except as is otherwise explicitly
provided in the Agreement and the Plan. For purposes of the preceding sentence, the optionee’s right to vest in and exercise
the Option will terminate effective as of the earlier of the following dates: (i) the date on which optionee’s employment
is terminated; (ii) the date the optionee receives written notice of termination of employment from KO or one of the Affiliates;
or (iii) the date the optionee is no longer actively employed by or providing services to KO or one of the Affiliates. The right
to vest in and exercise the Option (as discussed above) will not be extended by any notice period (e.g., active service
would not include any contractual notice period or any period of “garden leave” or similar period mandated under Canadian
laws or the terms of the optionee’s employment or service agreement, if any). The Committee shall have the exclusive discretion
to determine when the optionee is no longer actively providing services for purposes of the optionee’s Option grant (including
whether the optionee may still be considered to be providing services while on a leave of absence).

 

    	 

    	 

    

Data Privacy

 

The following provision supplements Section 10 of the Agreement:

 

The optionee hereby authorizes KO and KO’s representatives
to discuss with and obtain all relevant information from all personnel, professional or not, involved in the administration and
operation of the Plan. The optionee further authorizes KO, any Affiliates and any stock plan service provider that may be selected
by KO to assist with the Plan to disclose and discuss the Plan with their respective advisors. The optionee further authorizes
KO and any Affiliates to record such information and to keep such information in the optionee’s employee file.

 

Language Consent

 

The following terms and conditions apply to the optionees
resident in Quebec:

 

The parties acknowledge that it is their express wish that
the Agreement, as well as all documents, notices, and legal proceedings entered into, given or instituted pursuant hereto or relating
directly or indirectly hereto, be drawn up in English.

 

Consentement relatif à la langue utilisée

 

Les parties reconnaissent avoir exigé que cette
convention («Agreement») soit rédigée en anglais, ainsi que tous les documents, avis et procédures
judiciaires, éxécutés, donnés ou intentés en vertu de, ou liés directement ou indirectement
à la présente.

 

Notifications

 

Securities Law Information

 

The optionee is permitted to sell shares of KO Stock acquired
through the Plan through the designated broker appointed by KO, provided the resale of shares of KO Stock acquired under the Plan
takes place outside of Canada through the facilities of a stock exchange on which the shares of KO Stock are listed (i.e.,
New York Stock Exchange).

 

Foreign Asset/Account Reporting Information

 

Canadian residents are required to report any foreign property
(e.g., shares of KO Stock acquired under the Plan and possibly unvested Options) on form T1135 (Foreign Income Verification
Statement) if the total cost of their foreign property exceeds C$100,000 at any time in the year. It is the optionee’s responsibility
to comply with these reporting obligations, and the optionee should consult his or her own personal tax advisor in this regard.

 

China

 

Terms and Conditions

 

The following provisions govern the optionee’s participation
in the Plan if the optionee is a national of the People’s Republic of China (“PRC”) resident and working in mainland
China:       

 

Exchange Control Requirements

 

To comply with local exchange control requirements and allow
the Plan to continue in operation, as a condition of participation, the optionee must execute the Power of Attorney below and agree
to certain special terms and conditions as set forth below. Any and all Options granted to the optionee (including any and all
outstanding Options previously granted, any shares of KO Stock issued to the optionee in respect thereof, as well as current and
future grants of Options issued to the optionee hereafter) are subject to local exchange control requirements, including the following
special terms and conditions:

 

(i)            
Notwithstanding any terms or conditions of the Plan and the Agreement to the contrary, the
optionee will be restricted to the cashless sell-all method of exercise with respect to his or her Options. To complete a cashless
sell-all exercise, the optionee understands that he or she should instruct the broker to: (i) sell all of the shares of KO Stock
issued upon exercise; (ii) use the proceeds to pay the option price, any applicable Tax-Related Items and brokerage fees or commissions;
and (iii) remit the balance in cash to the optionee. The optionee acknowledges that KO’s designated broker is under no obligation
to arrange for the sale of the shares of KO Stock at any particular price. In the event of changes in regulatory requirements,
KO reserves the right to eliminate the cashless sell-all method of exercise requirement and, in its sole discretion, to permit
cash exercise or cashless sell-to-cover exercise. 

 

    	 

    	 

    

(ii)          
Notwithstanding any terms or conditions of the Plan and the Agreement to the contrary, the optionee understands and agrees
that upon termination of employment for any reason whatsoever, the optionee (or, in the event of death, the optionee’s legal
representative) will be permitted to exercise any unexercised Options for the shorter of the post-termination exercise period (if
any) set forth in the Agreement and six (6) months of the termination of employment, or within any other such time frame as may
be required or permitted by the State Administration of Foreign Exchange (“SAFE”) Shanghai branch but in any event
no later than the Option expiration date. Any unexercised portion of the Option shall immediately expire after this time. Further,
KO shall have the exclusive discretion to determine when the optionee is no longer actively providing service for purposes of the
Options;

 

(iii)         
The optionee must repatriate the cash proceeds from the sale of the shares of KO Stock issued upon the exercise of the
Options to China. Such repatriation of the cash proceeds may need to be effectuated through a special exchange control account
established by KO, the Employer or another Affiliate in China, and any proceeds from the cashless sell-all exercise of Options
may be transferred to such special account prior to being delivered to the optionee (less any Tax-Related Items and any brokerage
fees or commissions);

 

(iv)        
KO will deliver the proceeds of the cashless sell-all exercise of Options sale of shares of KO Stock (less any Tax Related
Items and any brokerage fees or commissions) to the optionee as soon as possible, but there may be delays in distributing the
funds to the optionee due to exchange control requirements in China. Proceeds may be paid to the optionee in U.S. dollars or local
currency at KO’s discretion. If the proceeds are paid to the optionee in U.S. dollars, the optionee will be required to
set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to
the optionee in local currency, KO is under no obligation to secure any particular exchange conversion rate and KO may face delays
in converting the proceeds to local currency due to exchange control restrictions. The optionee acknowledges and agrees that he
or she bears the risk of any currency conversion rate fluctuation during that time.

 

(v)          
The optionee further agrees to comply with any other requirements that may be imposed by KO in the future in order to facilitate
compliance with exchange control requirements in China.

 

Power of Attorney

 

The optionee is a PRC national employee working for KO,
the Employer or an Affiliate in China and, by electing to participate in the Plan and accepting the Agreement (including this Appendix),
does hereby appoint as attorney-in-fact, KO, through its duly appointed representative, as the optionee’s true and lawful
representative, with full power and authority to do the following:

 

(i)           
To direct, instruct, authorize and prepare and execute any document necessary to have Merrill Lynch (or any successor broker
designated by KO) sell on the optionee’s behalf all of the shares of KO Stock the optionee receives through the exercise
of any Options through a cashless sell-all exercise; 

 

(ii)         
To direct, instruct, authorize and prepare and execute any document necessary to have Merrill Lynch (or any successor broker
designated by KO) repatriate the proceeds of the sale of the optionee’s shares of KO Stock through a special exchange control
account in China established by KO, the Employer or any other Affiliate in China;

 

(iii)       
To direct, instruct, authorize and prepare and execute any document necessary to have KO and/or Merrill Lynch (or any successor
broker designated by KO) use the optionee’s bank and/or brokerage account information and any other information as required
to effectuate the sale of shares of KO Stock and the repatriation and delivery of the cash proceeds from such sale; 

 

(iv)        
To take any additional action that may be necessary or appropriate for implementation of the Plan with SAFE or any other
competent PRC authority, including but not limited to the transfer of funds through a special exchange control account in China;
and

 

(v)          
To constitute and appoint, in the optionee’s place and stead, and as the optionee’s substitute, one representative
or more, with power of revocation.

 

The optionee hereby ratifies and confirms as his or her
own act and deed all that such representative may do or cause to be done by virtue of this instrument.

 

    	 

    	 

    

Notifications

 

Foreign Asset/Account Reporting Information

 

The optionee may be required to report to SAFE all details
of his or her foreign financial assets and liabilities, as well as details of any economic transactions conducted with non-PRC
residents. Under these rules, the optionee may be subject to reporting obligations for the Options, shares of Stock acquired under
the Plan, the receipt of any dividends and the sale of shares.

 

COSTA RICA

 

There are no country-specific provisions.

 

EGYPT

 

There are no country-specific provisions.

 

FRANCE

 

Terms and Conditions

 

Option Not Qualified

 

The optionee understands that the Option is not intended
to be French tax-qualified.

 

Language Consent

 

By accepting the Option, the optionee confirms
having read and understood the documents relating to this grant (the Plan and the Agreement) which were provided in English
language. The optionee accepts the terms of those documents accordingly.

 

En acceptant l’Option, le Titulare de l’Option
confirme avoir lu et compris les documents relatifs à cette Option (le Plan et ce Contrat) qui ont été fournis
en langue anglaise. Le Titulare de l’Option accepte les termes dispositions de ces documents en connaissance de cause.

 

Notifications

 

Foreign Asset/Account Information

 

The optionee may hold shares of KO Stock acquired upon
exercise of the Option, any proceeds resulting from the sale of shares of KO Stock or any dividends paid on such shares of Stock
outside of France, provided the optionee declares all foreign bank and brokerage accounts (including any accounts that were opened
or closed during the tax year) with his or her annual income tax return. Failure to complete this reporting may trigger penalties
for the resident.

 

GERMANY

 

Notifications

 

Exchange Control Information

 

Cross-border payments in excess of €12,500 must be reported
monthly to the German Federal Bank (Bundesbank). In the event that the optionee makes or receives a payment in excess of
this amount, he or she is required to report the payment to Bundesbank electronically using the “General Statistics Reporting
Portal” (“Allgemeines Meldeportal Statistik”) available via Bundesbank’s website (www.bundesbank.de).

 

    	 

    	 

    

GREECE

 

Notifications

 

Exchange Control Information

 

If the optionee pays the exercise price of the Option with
funds held in Greece, the optionee will need to complete an application form in order to remit such funds out of Greece. The form
will be provided to the optionee by the foreign exchange bank handling the transaction.

 

HONG KONG

 

Terms and Conditions

 

WARNING: The Option and the shares of KO Stock covered
by the Option do not constitute a public offering of securities under Hong Kong law and are available only to employees of KO or
its Affiliates participating in the Plan. The optionee should be aware that the contents of the Agreement have not been prepared
in accordance with and are not intended to constitute a “prospectus” for a public offering of securities under the
applicable securities legislation in Hong Kong. Nor have the documents been reviewed by any regulatory authority in Hong Kong.
The Option is intended only for the personal use of each optionee and may not be distributed to any other person. The optionee
is advised to exercise caution in relation to the offer. If the optionee is in any doubt about any of the contents of the Agreement,
including this Appendix, or the Plan, the optionee should obtain independent professional advice.

 

Sale of Shares

 

Any shares of KO Stock received at exercise are accepted
as a personal investment. In the event that any portion of this Option vests within six months of the grant date, the optionee
agrees that he or she will not offer to the public or otherwise dispose of the shares of KO Stock acquired prior to the six-month
anniversary of the grant date.

 

Notifications

 

Occupational Retirement Schemes Ordinance Alert

 

KO specifically intends that neither the Option nor the Plan
will be an occupational retirement scheme for purposes of the Occupational Retirement Schemes Ordinance (“ORSO”).

 

INDIA

 

Terms and Conditions

 

Manner of Exercising Option

 

The following provision supplements Section 3 of the Agreement:

 

Notwithstanding anything to the contrary in the Plan and/or
the Agreement, due to legal restrictions in India, the optionee will not be permitted to pay the option price through any form
of payment whereby some, but not all, of the shares of KO Stock purchased upon exercise of the Option are sold to pay
the option price.  However, the optionee will be permitted to pay the option price through any other form of payment
set forth in the Agreement, including cash exercise and cashless sell-all exercise.  Further, KO reserves the right to allow
additional forms of payment depending on the development of local law.

 

Notifications

 

Exchange Control Information

 

If the optionee remits funds outside of India to purchase
shares of KO Stock, it is his or her responsibility to comply with the exchange control laws in India. Also, the optionee must
repatriate to India all funds resulting from the sale of shares of KO Stock within 90 days and all proceeds from the receipt of
any dividends within 180 days. The optionee will receive a foreign inward remittance certificate (“FIRC”) from the
bank where he or she deposits the foreign currency. The optionee should maintain the FIRC as evidence of the repatriation of funds
in the event that the Reserve Bank of India or the Employer requests proof of repatriation.

 

    	 

    	 

    

Foreign Asset/Account Reporting Information

 

The optionee is required to declare in his or her their annual
tax return his or her foreign financial assets (including shares of KO Stock) and any foreign bank accounts.

 

IRELAND

 

Notifications

 

Director Notification Requirement

 

If the optionee is a director, shadow director or secretary
of an Irish Affiliate, the optionee is required to notify such Irish Affiliate in writing within five business days of (i) receiving
or disposing of an interest in KO (e.g., Options, shares of KO Stock, etc.), (ii) becoming aware of the event giving rise
to the notification requirement, or (iii) becoming a director, shadow director or secretary of an Irish Affiliate if such an interest
exists at the time.  This notification requirement also applies with respect to the interests of a spouse or children under
the age of 18 (whose interests will be attributed to the director, shadow director or secretary, as the case may be).

 

ITALY

 

Terms and Conditions

 

Data Privacy

 

The following provision replaces Section 10 of the
Agreement: 

 

The optionee understands that KO, the Employer and
any other Affiliate may hold certain personal information about him or her, including, but not limited to, the optionee’s
name, home address and telephone number, date of birth, social insurance or other identification number, salary, nationality, job
title, any shares of KO Stock or directorships held in KO or any Affiliate, details of all Options, or any other entitlement to
shares of KO Stock awarded, cancelled, exercised, vested, unvested or outstanding in the optionee’s favor (“Data”),
for the exclusive purpose of implementing, managing and administering the Plan. The optionee is aware that providing KO with Data
is necessary for the performance of the Plan and that his or her refusal to provide such Data would make it impossible for KO to
perform its contractual obligations and may affect the optionee’s ability to participate in the Plan. 

 

The Controller of personal data processing is The Coca-Cola
Company with registered offices at One Coca-Cola Plaza, Atlanta Georgia, 30313, United States of America, and, pursuant to Legislative
Decree no. 196/2003, its representative in Italy is Coca-Cola Italia S.r.l., Edison Park Center, Viale Tommaso Edison 110, 20099
Sesto San Giovanni, Milan, Italy.

 

The optionee understands that Data may be transferred
to KO or any of its Affiliates, or to any third parties assisting in the implementation, management and administration of the Plan,
including any transfer required to its designated broker or other third party with whom shares of KO Stock acquired under the Plan
or cash from the sale of such shares of KO Stock may be deposited. Furthermore, the recipients that may receive, possess, use,
retain, and transfer such Data may be located in Italy or elsewhere, including outside the European Union, and the recipients’
country (e.g., the United States) may have different data privacy laws and protections than Italy.

 

The processing activity, including transfer of Data
abroad, including outside of the European Economic Area, as herein specified and pursuant to applicable laws and regulations, does
not require the optionee’s consent thereto as the processing is necessary to performance of contractual obligations related
to implementation, administration, and management of the Plan. The optionee understands that Data processing related to the purposes
specified above shall take place under automated or non-automated conditions, anonymously when possible, that comply with the purposes
for which Data is collected and with confidentiality and security provisions as set forth by applicable laws and regulations, with
specific reference to Legislative Decree no. 196/2003.

 

The optionee understands that Data will be held only
as long as is required by law or as necessary to implement, administer and manage the optionee’s participation in the Plan.
The optionee understands that, pursuant to Section 7 of the Legislative Decree no. 196/2003, he or she has the right to, including
but not limited to, access, delete, update, correct, or terminate, for legitimate reason, the Data processing. Furthermore, the
optionee is aware that Data will not be used for direct marketing purposes. In addition, Data provided can be reviewed and questions
or complaints can be addressed by contacting the optionee’s local human resources representative.

 

    	 

    	 

    

Plan Document Acknowledgment

 

In accepting the grant of the Option, the optionee acknowledges
that he or she has received a copy of the Plan and the Agreement and has reviewed the Plan and the Agreement, including this Appendix,
in their entirety and fully understands and accepts all provisions of the Plan and the Agreement, including this Appendix .

 

The optionee acknowledges that he or she has read and specifically
and expressly approves the following sections of the Agreement: Section 1. When Options can be exercised; Section 3(c). Pay applicable
Tax-Related Items withholding; Section 5. Options are not transferable; Section 11. Nature of Grant; Section 13. Governing Law
and Venue; Section 14. Electronic Delivery and Acceptance; Section 19. Appendix; Section 20. Imposition of Other Requirements;
and the Data Privacy section above.

 

Notifications

 

Foreign Asset/Account Reporting Information

 

If the optionee is an Italian resident who, at any time during
the fiscal year, holds foreign financial assets (including cash and shares of KO Stock) which may generate taxable income in Italy,
the optionee is required to report these assets on his or her annual tax return for the year during which the assets are held,
or on a special form if no tax return is due. These reporting obligations also apply if the optionee is the beneficial owner of
foreign financial assets under Italian money laundering provisions.

 

JAPAN

 

Notifications

 

Exchange Control Information

 

If the optionee remits more than ¥30 million for the
purchase of shares of KO Stock in a single transaction, the optionee must file a Payment Report with the Ministry of Finance (through
the Bank of Japan or the bank carrying out the transaction). The precise reporting requirements vary depending on whether the relevant
payment is made through a bank in Japan. If the optionee intends to acquire shares of Common Stock whose value exceeds ¥100
million in a single transaction, the optionee must also file a Report Concerning Acquisition of Shares (“Securities Acquisition
Report”) with the Ministry of Finance through the Bank of Japan within 20 days of acquiring the shares. The forms to make
these reports can be acquired from the Bank of Japan.

 

Foreign Asset/Account Reporting Information

 

Japanese residents holding assets outside of Japan with a
total net fair market value exceeding ¥50,000,000 (as of December 31 each year) are required to comply with annual tax reporting
obligations with respect to such assets. The optionee is advised to consult with a personal tax advisor to ensure that he or she
is properly complying with applicable reporting requirements.

 

KENYA

 

There are no country-specific provisions.

 

MEXICO

 

Terms and Conditions

 

Labor Law Acknowledgment

 

These provisions supplement Section 11 of the Agreement:

 

Modification. By accepting the Option, the optionee
understands and agrees that any modification of the Plan or the Agreement or its termination shall not constitute a change or impairment
of the terms and conditions of the optionee’s employment.

 

    	 

    	 

    

Policy Statement. The grant of Options made under
the Plan is unilateral and discretionary and, therefore, KO reserves the absolute right to amend it and discontinue it at any time
without any liability.

 

KO with registered offices at One Coca-Cola Plaza, Atlanta
Georgia, 30313, United States of America, is solely responsible for the administration of the Plan and participation in the Plan
and the acquisition of shares of KO Stock does not, in any way, establish an employment relationship between the optionee and KO
since the optionee is participating in the Plan on a wholly commercial basis and the optionee’s sole employer is Servicios
Integrados de Administración y Alta Gerencia S. de R.L. de C.V., nor does it establish any rights between the optionee and
the Employer.

 

Plan Document Acknowledgment

 

By accepting the grant of Options, the optionee acknowledges
that the optionee has received copies of the Plan, has reviewed the Plan and the Agreement in their entirety and fully understands
and accepts all provisions of the Plan and the Agreement.

 

In addition, by signing the Agreement, the optionee further
acknowledges that he or she has read and specifically and expressly approves the terms and conditions in Section 11 of the Agreement
(“Nature of Grant”), in which the following is clearly described and established: (i) participation in the Plan does
not constitute an acquired right; (ii) the Plan and participation in the Plan is offered by KO on a wholly discretionary basis;
(iii) participation in the Plan is voluntary; and (iv) none of the Affiliates or KO is responsible for any decrease in the value
of the shares of KO Stock underlying the Options.

 

Finally, the optionee hereby declares that the optionee
does not reserve any action or right to bring any claim against KO for any compensation or damages as a result of the optionee’s
participation in the Plan and therefore grant a full and broad release to the Employer, KO and any Affiliates with respect to any
claim that may arise under the Plan.

 

Spanish Translation

 

Términos y Condiciones

 

Reconocimiento de la Ley Laboral aplicable

 

Los presentes lineamientos reemplazarán a la Cláusula
11 del Contrato.

 

Modificación. Al aceptar la Opción,
el Titular de la Acción reconoce y entiende que cualquier modificación al Plan o al Contrato o su terminación
no serán considerados como un cambio o disminución en los términos y condiciones de su relación de
trabajo.

 

Declaración de Política. El
otorgamiento de las Opciones realizado conforme al Plan es unilateral y discrecional y, por lo tanto, KO se reserva el derecho
absoluto de modificar y discontinuar el mismo en cualquier tiempo, sin responsabilidad alguna.

 

KO, con oficinas registradas ubicadas enOne Coca Cola
Plaza, Atlanta Georgia, 30313, EE.UU., es la única responsable de la administración del Plan y de la participación
en el mismo, y la adquisición de acciones de capital ed KO no establece de forma alguna una relación de trabajo entre
el Titular de la Acción y KO, ya que su participación en el Plan es completamente comercial, y el único empleador
del Titular de la Acción es Servicios Integrados de Administración y Alta Gerencia, S. de R.L. de C.V., así
como tampoco establece ningún derecho entre el Titular de la Acción y el Patrón. 

 

Reconocimiento del Documento del Plan. Al
aceptar el otorgamiento de las Opciones, el Titular de la Acción reconoce que ha recibido una copia del Plan, que ha revisado
el Plan y el Contrato en su totalidad y que entiende y acepta completamente todas las disposiciones contenidas en el Plan y en
el Contrato. 

 

Adicionalmente, al firmar el Contrato, el Titular de la
Acción reconoce que ha leído y que aprueba específica y expresamente los términos y condiciones contenidos
en la cláusula 11 del Contrato (“Naturaleza del Otorgamiento”) en el cual se encuentra claramente descrito y establecido
lo siguiente: (i) la participación en el Plan no constituye un derecho adquirido; (ii) el Plan y la participación
en el mismo es ofrecida por KO de forma enteramente discrecional; (iii) la participación en el Plan es voluntaria; y (iv)
ninguna de las empresas Afiliadas o KO son responsables por cualquier disminución en el valor de las acciones de capital
de KO en relación a las Opciones. 

 

    	 

    	 

    

Finalmente, el Titular de la Acción manifiesta
que no se reserva ninguna acción o derecho para interponer una demanda en contra de KO por compensación, daño
o perjuicio alguno como resultado de la participación del Titular de la Acción en el Plan y, en consecuencia, otorga
el más amplio finiquito al Patrón, así como a KO y empresas Afiliadas con respecto a cualquier demanda que
pudiera originarse en virtud del Plan.

 

PAKISTAN

 

Terms and Conditions

 

Manner of Exercising Option

 

The following provision supplements Section 3 of the Agreement:

 

Due to regulatory requirements, the optionee understands
that the optionee will be restricted to the cashless sell-all method of exercise. To complete a cashless sell-all exercise, the
optionee understands that the optionee needs to instruct the broker to: (i) sell all of the shares of KO Stock issued upon exercise
of the Option; (ii) use the proceeds to pay the option price, any applicable Tax-Related Items and brokerage fees or commissions;
and (iii) remit the balance in cash to the optionee. The optionee will not be permitted to hold shares of KO Stock after exercise.
Depending on the development of local laws or the optionee’s country of residence, KO reserves the right to modify the methods
of exercising the Option and, in its sole discretion, to permit cash exercise, cashless sell-to cover exercise or any other method
of exercise and payment of Tax-Related Items permitted under the Plan.

 

PHILIPPINES

 

Terms and Conditions

 

Manner of Exercising Option

 

The following provision supplements Section 3 of the Agreement:

 

Notwithstanding any terms or conditions of the Plan and
the Agreement to the contrary, due to regulatory requirements, the optionee understands that the optionee will be restricted to
the cashless sell-all method of exercise. To complete a cashless sell-all exercise, the optionee understands that the optionee
needs to instruct the broker to: (i) sell all of the shares of KO Stock issued upon exercise of the Option; (ii) use the proceeds
to pay the option price, any applicable Tax-Related Items and brokerage fees or commissions; and (iii) remit the balance in cash
to the optionee. The optionee will not be permitted to hold shares of KO Stock after exercise. Depending on the development of
local laws, KO reserves the right to modify the methods of exercising the Option and, in its sole discretion, to permit cash exercise,
cashless sell-to cover exercise or any other method of exercise and payment of Tax-Related Items permitted under the Plan.

 

Notifications

 

Securities Law Information

 

The optionee acknowledges that the optionee is permitted
to sell shares of KO Stock acquired under the Plan through the broker, provided that such sale takes place outside of the Philippines
through the facilities of the New York Stock Exchange on which the shares of KO Stock are listed.

 

RUSSIA

 

Terms and Conditions

 

U.S. Transaction

 

The optionee understands that acceptance of the grant of
the Option results in a contract between the optionee and KO completed in the United States and that the Agreement are governed
by the laws of the Commonwealth of Delaware, without regard to choice of law principles thereof. Any shares of KO Stock to be issued
upon exercise of the Option shall be delivered to the optionee through a brokerage account in the U.S. The optionee may hold the
shares of KO Stock in the brokerage account in the U.S.; however, in no event will shares of KO Stock issued to the optionee under
the Plan be delivered to the optionee in Russia. The optionee is not permitted to sell the shares of KO Stock directly to other
Russian legal entities or individuals.

 

    	 

    	 

    

Data Privacy

 

The following provision replaces Section 10 of the Agreement:

 

By accepting the Option, the optionee acknowledges that he
or she has read, understood and agrees to the terms regarding the collection, processing and transfer of data described in Section
10 of the Agreement. In this regard, upon request of KO or the Employer, the optionee agrees to provide an executed data privacy
consent form or any similar agreements or consents that KO or the Employer may deem necessary to obtain under the data privacy
laws in Russia, either now or in the future. The optionee understands that he or she will not be able to participate in the Plan
if the optionee fails to execute any such consent or agreement that may be requested.

 

Notifications

 

Securities Law Information

 

The Employer is not in any way involved in the offer
of the Option or administration of the Plan. The Agreement, the Plan and all other materials the optionee may receive regarding
participation in the Plan do not constitute advertising or an offering of securities in Russia. The issuance of shares of KO Stock
under the Plan has not and will not be registered in Russia and hence the shares of KO Stock described in any Plan-related documents
may not be offered or placed in public circulation in Russia.

 

Please note that, under the Russian
law, the optionee is not permitted to sell or otherwise alienate KO’s shares of KO Stock directly to other Russian individuals
and the optionee is not permitted to bring share certificates into Russia.

 

Exchange Control Information

 

The optionee is responsible for complying with all currency
control laws and regulations in Russia that may apply to participation in the Plan. Within a reasonably short time after the receipt
of any funds resulting from the Option (e.g., sale proceeds, dividends, etc.), the funds must be repatriated to Russia and
credited to a Russian resident optionee through a foreign currency account at an authorized bank in Russia. After the funds are
initially received in Russia, they may be further remitted to foreign banks in accordance with Russian exchange control laws. Effective
August 2, 2014, dividends do not need to be remitted to a Russian resident optionee’s bank account in Russia but instead
can be remitted directly to a foreign individual bank account (in Organisation for Economic Cooperation and Development (“OECD”)
and Financial Action Task Force (“FATF”) countries). The optionee should consult his or her personal advisor before
remitting any funds into Russia, as exchange control requirements are subject to change at any time, often without notice.

 

Labor Law Information

 

If the optionee continues to hold KO Stock acquired
at exercise of the Option after an involuntary termination of employment, he or she may not be eligible to receive unemployment
benefits in Russia.

 

SINGAPORE

 

Notifications

 

Securities Law Information

 

The Option is being granted pursuant to the “Qualifying
Person” exemption under section 273(1)(f) of the Securities and Futures Act (Chapter 289, 2006 Ed.) (“SFA”).
The Plan has not been lodged or registered as a prospectus with the Monetary Authority of Singapore. The optionee should note that
the Option is subject to section 257 of the SFA and the optionee should not make any subsequent sale of the shares of KO Stock
in Singapore or any offer of such subsequent sale of the shares of KO Stock in Singapore, unless such sale or offer is made (1)
after 6 months from the grant of the Option to the optionee or (2) pursuant to the exemptions under Part XIII Division (1) Subdivision
(4) (other than section 280) of the SFA.

 

    	 

    	 

    

Chief Executive Officer and Director Notification

 

If the optionee is a Chief Executive Officer (“CEO”)
or a director, associate director or shadow director of KO’s Singapore Affiliate, the optionee is subject to certain notification
requirements under the Singapore Companies Act. Among these requirements is an obligation to notify KO’s Singapore Affiliate
in writing when the optionee receives an interest (e.g., Options or shares of KO Stock) in KO or any Affiliates within two
business days of (i) its acquisition or disposal, (ii) any change in a previously disclosed interest (e.g., when the shares
of KO Stock are sold), or (iii) becoming a CEO, director, associate director or shadow director.

 

SOUTH AFRICA

 

Terms and Conditions

 

Tax Acknowledgment

 

By accepting the Option, the optionee agrees to notify the
Employer of the amount of any gain realized upon exercise of the Option. If the optionee fails to advise the Employer of the gain
realized upon exercise, the optionee may be liable for a fine. The optionee will be responsible for paying any difference between
the actual tax liability and the amount withheld.

 

Notifications

 

Exchange Control Information 

 

If the optionee uses cash to exercise the Option and
purchase shares of KO Stock, rather than a cashless exercise method, the optionee must first obtain a “Tax Clearance Certificate
(in Respect of Foreign Investment)” from the South African Reserve Service (“SARS”). The optionee must also complete
a transfer of funds application form to transfer the funds. The Tax Clearance Certificate should be presented to a dealer of the
Exchange Control Department of the South Africa Reserve Bank (it is likely that the optionee’s bank will qualify as such
a dealer), together with a completed application form to transfer funds. No transfer of funds may be completed unless the original
Tax Clearance Certificate bears the official stamp and signature of the Office of Receiver of Revenue of the SARS. The optionee
must renew this Tax Clearance Certificate each twelve (12) months or in such other period as may be required by the SARS. 

 

If the optionee exercises the Option by a cashless exercise
whereby no funds are remitted offshore for the purchase of shares of KO Stock, he or she is not required to obtain a Tax Clearance
Certificate.

Further, South African residents may be required to obtain
approval from the South African Reserve Bank for payments (including payment of the proceeds from the sale of shares of KO Stock)
that he or she receives into accounts held outside of South Africa (e.g., a U.S. brokerage account). The optionee should
consult his or her personal advisor to ensure compliance with current exchange control regulations.

 

SPAIN

 

Terms and Conditions

 

Labor Law Acknowledgment

 

The following provision supplements Section 11 of the Agreement:

 

In accepting the Option, the optionee consents to participate
in the Plan and acknowledges that he or she has received a copy of the Plan.

 

The optionee understands and agrees that KO has unilaterally,
gratuitously and discretionally decided to grant the Option under the Plan to individuals who may be employees of KO and any Affiliates
throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any
grant will not economically or otherwise bind KO or any Affiliates, over and above the specific terms of the Plan. Consequently,
the optionee understands that the Option is granted on the assumption and condition that the Option and any shares of KO Stock
issued upon exercise of the Option are not part of any employment contract (either with KO or any Affiliates) and shall not be
considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition,
the optionee understands that the Option would not be granted to the optionee but for the assumptions and conditions referred to
herein; thus, the optionee acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any
of the conditions not be met for any reason, then the grant of the Option and any right to the Option shall be null and void.

 

    	 

    	 

    

Further, the vesting of the Option is expressly conditioned
on the optionee’s continued employment, such that upon termination of employment, the Option may cease vesting immediately,
effective on the date of the optionee’s termination of employment (unless otherwise specifically provided in the Agreement
and/or the Plan). In particular, the optionee understands and agrees that any non-vested Options as of the date the optionee is
no longer actively employed or in service (unless otherwise specifically provided in the Agreement and/or the Plan) will be forfeited
without entitlement to the underlying shares of KO Stock or to any amount of indemnification in the event of termination of the
optionee’s employment by reason of, but not limited to, resignation, retirement, disciplinary dismissal adjudged to be with
cause, disciplinary dismissal adjudged or recognized to be without cause, individual or collective dismissal adjudged or recognized
to be without cause, individual or collective dismissal on objective grounds, whether adjudged or recognized to be with or without
cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article
40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer and under Article
10.3 of the Royal Decree 1382/1985.

 

Notifications

 

Securities Law Information

 

The grant of the Option and the shares of KO Stock issued
pursuant to the exercise of the Option are considered a private placement outside the scope of Spanish laws on public offerings
and issuances of securities. Neither the Plan nor the Agreement have been registered with the Comisión National del Mercado
de Valores and do not constitute a public offering prospectus.

 

Exchange Control Information

 

The acquisition, ownership and disposition of shares of
KO Stock and must be declared for statistical purposes to the Dirección General de Comercio e Inversiones (the “DGCI”),
which is a department of the Ministry of Economy and Competitiveness. If the optionee acquires shares of KO Stock through the use
of a Spanish financial institution, that institution will automatically make the declaration to the DGCI for the optionee; otherwise,
the resident optionee will be required make the declaration by filing the appropriate form with the DGCI. Generally, the declaration
must be made in January for shares of KO Stock owned as of December 31 of) the prior year; however, if the value of shares of KO
Stock acquired or sold exceeds €1,502,530 (or the optionee holds 10% or more of the capital of KO or such other amount that
would entitle the optionee to join KO’s board of directors), the declaration must be filed within one (1) month of the acquisition
or sale, as applicable.

 

Foreign Asset/Account Reporting Information

 

To the extent the optionee holds rights or assets outside
of Spain with a value in excess of €50,000 per type of right or asset (e.g., shares of KO Stock, cash, etc.) as of
December 31 each year, such resident will be required to report information on such rights and assets on his or her annual tax
return for such year. After such rights and assets are initially reported, the reporting obligation will apply for subsequent years
only if the value of any previously-reported rights or assets increases by more than €20,000.

 

Further, the optionee will be required to electronically
declare to the Bank of Spain any securities accounts (including brokerage accounts held abroad), as well as the securities (including
shares of KO Stock acquired under the Plan) held in such accounts if the value of the transactions for all such accounts during
the prior tax year or the balances in such accounts as of December 31 of the prior tax year exceed €1,000,000.

 

Further, the optionee is required to electronically declare
to the Bank of Spain any foreign accounts (including brokerage accounts held abroad), any foreign instruments (including shares
of KO Stock acquired under the Plan), and any transactions with non-Spanish residents (including any payments of cash or shares
of KO Stock made to the optionee under the Plan) if the balances in such accounts together with the value of such instruments as
of December 31, or the volume of transactions with non-Spanish residents during the relevant year, exceed €1,000,000.

 

    	 

    	 

    

THAILAND

 

Notifications

 

Exchange Control Information

 

Thai resident optionees may remit funds out of Thailand up
to US$1,000,000 per year to purchase shares of KO Stock (and otherwise invest in securities abroad) by submitting an application
to an authorized agent (i.e., a commercial bank authorized by the Bank of Thailand to engage in the purchase, exchange and
withdrawal of foreign currency). The application includes the Foreign Exchange Transaction Form, a letter describing the Option,
a copy of the Plan and related documents, and evidence showing the nexus between KO and the Employer.

 

If the optionee exercises his or her Option using a cashless
method of exercise, the optionee will not need to make submit an application to a commercial bank.

 

If the proceeds from the sale of shares of KO Stock or the
receipt of dividends are equal to or greater than US$50,000 or more in a single transaction, Thai resident optionees must repatriate
the proceeds to Thailand immediately upon receipt and convert the funds to Thai Baht or deposit the proceeds in a foreign currency
deposit account maintained by a bank in Thailand within 360 days of remitting the proceeds to Thailand. In addition, Thai resident
optionees must report the inward remittance to the Bank of Thailand on a foreign exchange transaction form.

 

Because exchange control regulations change frequently and
without notice, the optionee should consult his or her personal advisor before exercising his or her Option or selling shares of
KO Stock to ensure compliance with current regulations. It is the optionee’s sole responsibility to comply with exchange
control laws in Thailand.

 

TURKEY

 

Notifications

 

Securities Law Information

 

Under Turkish law, the optionee is not permitted to sell
shares of KO Stock acquired under the Plan in Turkey. The optionee must sell the shares of KO Stock acquired under the Plan outside
of Turkey. The shares of KO Stock are currently traded on the New York Stock Exchange in the United States under the ticker symbol
“KO” and shares of KO Stock may be sold on this exchange.

 

Exchange Control Information

 

Under Turkish exchange control regulations, the optionee
may be required to use a financial intermediary institution approved under the Capital Market Law to acquire or sell shares traded
on a foreign market and to report such activity to the Capital Markets Board.  The optionee should consult his or her personal
advisor regarding these requirements.

 

UNITED ARAB EMIRATES

 

Notifications

 

Securities Law Information

 

Participation in the Plan is being offered only to selected
optionees and is in the nature of providing equity incentives to optionees in the United Arab Emirates. The Plan and the Agreement
are intended for distribution only to such optionees and must not be delivered to, or relied on by, any other person. Prospective
purchasers of the securities offered should conduct their own due diligence on the securities.

 

If the optionee does not understand the contents of the Plan
and the Agreement, the optionee should consult an authorized financial adviser. The Emirates Securities and Commodities Authority
and the Dubai Financial Services Authority have no responsibility for reviewing or verifying any documents in connection with the
Plan. Neither the Ministry of Economy nor the Dubai Department of Economic Development have approved the Plan or the Agreement
nor taken steps to verify the information set out therein, and have no responsibility for such documents.

 

    	 

    	 

    

UNITED KINGDOM

 

Terms and Conditions

 

Responsibility for Taxes

 

The following provisions supplement Section 3 of the Agreement:

 

If payment or withholding of income taxes is not made
within ninety (90) days of the end of the tax year in which the income tax liability arises, or such other period specified in
Section 222(1)(c) of the U.K. Income Tax (Earnings and Pensions) Act 2003 (the “Due Date”), the amount of any uncollected
income tax shall constitute a loan owed by the optionee to the Employer, effective on the Due Date. The optionee understands and
agrees that the loan will bear interest at the then-current official rate of Her Majesty’s Revenue and Customs (“HMRC”),
it will be immediately due and repayable by the optionee, and KO and/or the Employer may recover it at any time thereafter by any
of the means referred to in Section 3 of the Agreement.

 

Notwithstanding the foregoing, if the optionee is a director
or an executive officer (as within the meaning of Section 13(k) of the U.S. Securities Exchange Act of 1934, as amended), the optionee
will not be eligible for such a loan to cover the uncollected income tax. In the event that the optionee is a director or executive
officer and the income tax is not collected from or paid by the optionee by the Due Date, the optionee understands that the amount
of any uncollected income tax may constitute a benefit to the optionee on which additional income tax and national insurance contributions
(“NICs”) may be payable. The optionee will be responsible for reporting and paying any income tax due on this additional
benefit directly to HMRC under the self-assessment regime and for reimbursing KO or the Employer (as appropriate) for the value
of any employee NICs due on this additional benefit, which KO and/or the Employer may recover from the optionee by any of the means
referred to in Section 3 of the Agreement.

 

URUGUAY

 

Data Privacy

 

The following provision supplements Section 10 of the Agreement:

 

The optionee understands that his or her Data will be collected
by his or her Employer and will be transferred to KO at One Coca-Cola Plaza, Atlanta Georgia, 30313, United States and/or any financial
institutions or brokers involved in the management and administration of the Plan. The optionee further understands that any of
these entities may store the optionee’s Data for purposes of administering his or her participation in the Plan.Exhibit 10.4

 

 

RESTRICTED STOCK UNIT AGREEMENT

The Coca-Cola Company 2014 Equity Plan

 

The Coca-Cola Company (the “Company”)
hereby agrees to award to the recipient named below (the “Recipient”) restricted stock units over the number of shares
of Common Stock, $.25 par value, of the Company (the “Shares”) set forth below as the “Award” in accordance
with and subject to the terms, conditions and restrictions of this Restricted Stock Unit Agreement, including any country-specific
provisions for the Recipient’s country in Appendix A attached hereto (“Appendix A”, together with the Restricted
Stock Unit Agreement, the “Agreement”). The Award shall settle as Shares, but until such settlement, the Award will
be denominated in restricted stock units. The Shares awarded will be released to the Recipient on the date set forth below (“Release
Date”) if the conditions described in this Agreement are satisfied. Such Award will be made under the terms of The Coca-Cola
Company 2014 Equity Plan (the “Plan”), as amended.

 

	 	Name of Recipient: 	XXXXXXXXXX
	 	Award:	XXXXXX Shares
	 	Award Date:	 
	 	Vesting Date:	 
	 	Release Date:	The last trading day of the month in which the applicable Vesting Date occurs.

 

TERMS AND CONDITIONS OF THIS AGREEMENT

 

	(1)	General Conditions. This Award is in the form of restricted stock units that settle
in Shares at the Release Date. If all of the conditions set forth in this Agreement are satisfied, the Shares will be released
to the Recipient as soon as administratively possible following the Release Date. If these conditions are not satisfied, the Award
shall be forfeited. Capitalized terms in this Agreement refer to defined terms in the Plan, except as otherwise defined herein.
Except as provided in Section 3 or in Appendix A, the Shares shall be released on the Release Date only if the Recipient is continuously
employed by the Company, or if different, the Recipient’s employer (the “Employer”), or an Affiliate from the
Award Date until the Release Date.
	 	 	 

	(2)	Shares, Dividends and Voting Rights. As soon as administratively practicable following
the Release Date, or as otherwise provided in Section 3 below, the number of indicated Shares shall be issued to the Recipient,
provided all conditions set forth in Section 1 above are satisfied. Except as provided in Section 3 below, all Awards shall be
settled in Shares. 
	 	 
	 	Prior to the Release Date, the Recipient shall have no rights
with respect to the Shares, including but not limited to rights to sell, vote, exchange, transfer, pledge, hypothecate or otherwise
dispose of the Shares. In addition, prior to the Release Date, the Recipient shall not be entitled to receive dividends, dividend
equivalents and shall not have any other rights with respect to the Shares.
	 	 	 

	(3)	Employment Events.
	 	 	 
	 	(a)      Subject to the attached Appendix A, if any of the
employment events listed below occur prior to the Release Date, the terms of this subparagraph shall apply. The following table
describes the result depending on the reason for the Recipient’s termination of employment, or other employment event, and
the timing of the same. In the event of the Recipient’s termination of employment prior to the Release Date for reasons other
than those set forth below, the Award shall be forfeited.

 

	Event 	Impact on Vesting	Impact on Release
	Disability	Award continues to vest if employee is still employed.	Award shall be settled in Shares on Release Date.
	Employment with the Company or a Subsidiary terminates because of Disability	Award immediately vests.	Shares will be released within 90 days after the date of termination.

 

    	 

    	 

    

 

	Event 	Impact on Vesting	Impact on Release
	Employee is involuntary terminated from the Company or a Subsidiary after attaining age 50 and completing 10 Years of Service because of reduction in workforce, internal reorganization, or job elimination and employee signs a release of all claims and, if requested, an agreement on confidentiality and competition	Award held at least 12 months continues to vest for four years from termination date in accordance with the original vesting schedule provided in the Agreement.  Award held less than 12 months is forfeited.	Award shall be settled in Shares on Release Date.  If required by Section 409A of the Internal Revenue Code, Shares may not be released to specified employees until at least six months following termination of employment.
	Employment with the Company or a Subsidiary terminates after attaining age 60 and completing 10 Years of Service	Award held at least 12 months becomes immediately vested. Award held less than 12 months is forfeited.	Shares will be released within 90 days after the date of termination.  If required by Section 409A of the Internal Revenue Code, Shares may not be released to specified employees until at least six months following termination of employment.
	Employment with the Company or an Affiliate terminates because of death 	Award immediately vests.	The Recipient’s estate shall be paid a cash amount equal to the value of the Shares.  The value shall be determined based on the closing price of the Shares on the date of the Recipient’s death (or in the case of a non trading day, the next trading day) and shall be paid within 90 days after the Recipient’s death.
	Employment with the Company or a Subsidiary involuntarily terminates for reason other than for cause within one year after a Change in Control	Award shall be treated as described in the Plan.	Award shall be treated as described in the Plan.
	Employment with the Company or a Subsidiary terminates for any other reason	Award is forfeited.	N/A
	US military leave	Vesting continues during leave.	Award shall be settled in Shares on Release Date.
	Unpaid
    leave of absence pursuant to published Company policy of 12 months or less[1]	Vesting continues during leave.	Award shall be settled in Shares on Release Date.
	Transfer, at Company’s discretion, to an Affiliate that is not a Subsidiary 	Vesting continues after move. 	Award shall be settled in Shares on Release Date.
	Transfer to a Subsidiary 	Vesting continues after move. 	Award shall be settled in Shares on Release Date.
	Recipient’s employer is no longer an Affiliate under the terms of the Plan (this constitutes a termination of employment under the Plan)	Award is forfeited.	N/A
	Employment with an Affiliate terminates for any reason	Award is forfeited.	N/A

 

 

 

 

[1]
In the case of other leaves of absence not specified above, including all leaves that extend beyond twelve months,
optionees will be deemed to have terminated employment on the date of the leave (so that unvested options will be forfeited as
of the date the leave begins and the option exercise period will end on the earlier of six months from the date the leave began
or the option expiration date provided in the grant), unless the Committee identifies a valid business interest in doing otherwise,
in which case it may specify what provisions it deems appropriate at its sole discretion; provided that the Committee shall have
no obligation to consider any such matters.

 

    	2

    	 

    

 

	 	(b)       “Years of Service” for purposes of this
agreement means “Years of Vesting Service” as that term is defined in The Coca-Cola Company Pension Plan, regardless
of whether the optionee is a participant in that plan.
	 	 
	(4)	Acceptance of Agreement. The Recipient shall indicate his or her acceptance of this Agreement, including any
Power of Attorney, if requested and in the method directed by the Company.
	 	 	 

	(5)	Stock Splits and Other Adjustments. In the event that the Company’s shares, as a result of a stock split
or stock dividend or combination of shares or any other change or exchange for other securities, by reclassification, reorganization
or otherwise, are increased or decreased or changed into or exchanged for a different number or kind of shares of stock or other
securities of the Company or of another corporation, the number of Shares to be awarded under this Agreement shall be adjusted
to reflect such change in such manner as the Board of Directors of the Company or the Compensation Committee may deem appropriate.
If any such adjustment shall result in a fractional share, such fraction shall be disregarded.
	 	 	 

	(6)	Notices. Each notice relating to this Award shall be in writing. All notices to the Company shall be addressed
to the Secretary, The Coca-Cola Company, One Coca-Cola Plaza, Atlanta, Georgia 30313. All notices to the Recipient shall be addressed
to the address of the Recipient on file with the Company, the Employer, and/or the Company’s plan broker, Merrill, Lynch,
Pierce, Fenner & Smith Incorporated (“Merrill Lynch”). Either the Company or the Recipient may designate a different
address by written notice to the other. Written notice to said addresses shall be effective to bind the Company, the Recipient
and the Recipient’s representatives and beneficiaries.
	 	 	 

	(7)	Responsibility for Taxes. 
	 	 
	 	(a)      Irrespective of any action taken by the Company
or the Employer, the Recipient hereby acknowledges and agrees that the ultimate liability for all income tax, social insurance,
payroll tax, fringe benefits tax, payment on account or other tax-related items related to the Recipient’s participation
in the Plan and legally applicable to the Recipient (“Tax-Related Items”), is and remains the responsibility of the
Recipient or the Recipient’s estate (as applicable) and may exceed the amount actually withheld by the Company or the Employer.
The Recipient acknowledges and understands that the requirements with respect to the Tax-Related Items may change from time to
time as applicable laws or interpretations change.
	 	 
	 	(b)      Prior to any relevant taxable or tax withholding event,
as applicable, the Recipient agrees to make adequate arrangements satisfactory to the Company and/or the Employer to satisfy all
Tax-Related Items. In this regard, the Recipient authorizes the Company, the Employer, and their respective agents, at their discretion,
to satisfy the obligations with regard to all Tax-Related Items withholding obligations by one or a combination of the following:

 

		(1)	withholding from the Recipient’s wages or other cash compensation paid to the Recipient
by the Company and/or the Employer, or any other payment of any kind otherwise due to the Recipient by the Company and/or the Employer;
or
	 	 	 

		(2)	withholding from proceeds of the sale of Shares acquired upon vesting/settlement of the Award,
either through a voluntary sale or through a mandatory sale arranged by the Company (on the Recipient’s behalf pursuant to
this authorization without further consent); or 
	 	 	 

		(3)	retention of or withholding in Shares to be issued upon vesting/settlement of the Award.

 

	 	(c)      If the obligation for Tax-Related Items is satisfied
by withholding in Shares, for tax purposes, the Recipient is deemed to have been issued the full number of Shares subject to the
Award, notwithstanding that a number of the Shares are retained solely for the purpose of paying the Tax-Related Items.
	 	 
	 	(d)      In addition, the Recipient shall pay to the Company
or the Employer any amount of Tax-Related Items that the Company or the Employer may be required to withhold or account for as
a result of the Recipient’s participation in the Plan that cannot be satisfied by the means previously described. The Company
may refuse to issue or deliver the Shares or the proceeds of the sale of Shares, if the Recipient fails to comply with the Recipient’s
obligations in connection with the Tax-Related Items.
	 	 
	 	(e)      The Recipient further acknowledges that the Company
and/or the Employer (1) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection
with any aspect of the Award, including, but not limited to, the grant, vesting, settlement or release of the Award, the issuance
of Shares upon settlement or release of the Award, the subsequent sale of Shares acquired pursuant to such settlement or release
and the receipt of any dividends and/or dividend equivalents; and (2) do not commit to and are under no obligation to structure
the terms of the grant or any aspect of the Award to reduce or eliminate the Recipient’s liability for Tax-Related Items
or achieve any particular tax result. Further, if the Recipient is subject to tax in more than one jurisdiction, the Recipient
acknowledges that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account
for Tax-Related Items in more than one jurisdiction. For Recipients who are International Service Associates or covered by another
international service policy, all Tax-Related Items remain the Recipient’s responsibility, except as expressly provided in
the Company’s International Service Policy and/or Tax Equalization Policy.

 

    	3

    	 

    

 

	(8)	Compensation Committee. The Recipient hereby agrees that (a) any change, interpretation, determination or modification
of this Agreement by the Compensation Committee shall be final and conclusive for all purposes and on all persons including the
Company and the Recipient; provided, however, that with respect to any amendment or modification of the Plan which affects the
Award of Shares made hereby, the Compensation Committee shall have determined that such amendment or modification is in the best
interests of the Recipient of such Award; and (b) this Agreement and the Award shall not affect in any way the right of the Company
or the Employer to terminate or change the employment of the Recipient.
	 	 	 

	(9)	Prohibited Activities. In the event Recipient engages in a “Prohibited Activity” (as defined below),
at any time during the term of this Agreement, or within one year after termination of the Recipient’s employment from the
Company and/or the Employer, or within one year after the Release Date, whichever occurs latest, the Shares shall be forfeited
and, if applicable, any profit or gain associated with the Shares shall be forfeited and repaid to the Company.
	 	 
	 	Prohibited Activities are:
	 	 
	 	(a)                
Non-Disparagement – making any statement, written or verbal, in any forum or
media, or taking any action in disparagement of the Company, the Employer and/or any Affiliate thereof, including but not limited
to negative references to the Company or its products, services, corporate policies, or current or former officers or employees,
customers, suppliers, or business partners or associates;
	 	 
	 	(b)                
No Publicity – publishing any opinion, fact, or material, delivering any lecture
or address, participating in the making of any film, radio broadcast or television transmission, or communicating with any representative
of the media relating to confidential matters regarding the business or affairs of the Company, the Employer and/or any Affiliate
which the Recipient was involved with during the Recipient’s employment;
	 	 
	 	(c)                
Non-Disclosure of Trade Secrets – failure to hold in confidence all Trade Secrets
of the Company, the Employer and/or any any Affiliate that came into the Recipient’s knowledge during the Recipient’s
employment by the Company, the Employer or any Affiliate, or disclosing, publishing, or making use of at any time such Trade Secrets,
where the term “Trade Secret” means any technical or non-technical data, formula, pattern, compilation, program, device,
method, technique, drawing, process, financial data, financial plan, product plan, list of actual or potential customers or suppliers
or other information similar to any of the foregoing, which (i) derives economic value, actual or potential, from not being generally
known to and not being readily ascertainable by proper means by, other persons who can derive economic value from its disclosure
or use, and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy;
	 	 
	 	(d)                
Non-Disclosure of Confidential Information – failure to hold in confidence all
Confidential Information of the Company, the Employer and/or any Affiliate that came into the Recipient’s knowledge during
the Recipient’s employment by the Company, the Employer or any Affiliate, or disclosing, publishing, or making use of such
Confidential Information, where the term “Confidential Information” means any data or information, other than Trade Secrets,
that is valuable to the Company and not generally known to the public or to competitors of the Company;
	 	 
	 	(e)                
Return of Materials – failure of the Recipient, in the event of the Recipient’s
termination of employment for any reason, promptly to deliver to the Company all memoranda, notes, records, manuals or other documents,
including all copies of such materials and all documentation prepared or produced in connection therewith, containing Trade Secrets
or Confidential Information regarding the Company’s business, whether made or compiled by Recipient or furnished to the Recipient
by virtue of the Recipient’s employment with the Company, the Employer or any Affiliate, or failure promptly to deliver to
the Company all vehicles, computers, credit cards, telephones, handheld electronic devices, office equipment, and other property
furnished to the Recipient by virtue of the Recipient’s employment with the Company, the Employer or any Affiliate;
	 	 
	 	(f)                 
Non-Compete – rendering services for any organization which, or engaging directly
or indirectly in any business which, in the sole judgment of the Compensation Committee or the Chief Executive Officer of the Company
or any senior officer designated by the Compensation Committee, is or becomes competitive with the Company; 

 

(g)                
Non-Solicitation – soliciting or attempting to solicit for employment for or
on behalf of any corporation, partnership, or other business entity any employee of the Company with whom Recipient had professional
interaction during the last twelve months of the Recipient’s employment with the Company, the Employer or any Affiliate;
or

 

(h)                
Violation of Company Policies – violating any written policies of the Company
or the Employer applicable to Recipient, including without limitation the Company’s insider trading policy.

 

    	4

    	 

    

 

	(10)	Modification of Agreement. If any of the terms of this Agreement may in the opinion of the Company conflict or
be inconsistent with any applicable law or regulation of any governmental agency having jurisdiction, the Company reserves the
right to modify this Agreement to be consistent with applicable laws or regulations.
	 	 	 

	(11)	Data Privacy. The Recipient hereby explicitly and unambiguously consents to the collection, use and transfer,
in electronic or other form, of the Recipient’s personal data as described in this Agreement and any other Award materials
by and among, as applicable, the Employer, the Company and its Affiliates for the exclusive purpose of implementing, administering
and managing the Recipient’s participation in the Plan.
	 	 	 

		The Recipient understands that the Employer, the Company and any Affiliate may hold certain personal information about the
Recipient, including but not limited to his or her name, home address, telephone number, date of birth, social security number
or other identification number, salary, nationality, job title, any shares of stock or directorships held in the Company and details
of all Awards or any other entitlements to shares of stock awarded, cancelled, vested, unvested, or outstanding in the Recipient’s
favor (“Data”), for the exclusive purpose of implementing, administering or managing the Plan. Certain Data may also
constitute “sensitive personal data” within the meaning of applicable local law. Such Data includes, but is not limited
to, the information provided above and any changes thereto and other appropriate personal and financial data about the Recipient.
The Recipient hereby provides explicit consent to the Company, the Employer and any Affiliate to process any such Data.

 

The Recipient understands that Data
will be transferred to Merrill Lynch, or such other stock plan service provider as may be selected by the Company in the future,
which is assisting the Company with the implementation, administration and management of the Plan. The Recipient understands that
the recipients of the Data may be located in the United States or elsewhere, and that the recipients’ country (e.g., the
United States) may have different data privacy laws and protections than the Recipient’s country. The Recipient understands
that if he or she resides outside the United States, he or she may request a list with the names and addresses of any potential
recipients of the Data by contacting his or her local human resources representative. The Recipient authorizes the Company, Merrill
Lynch and any other possible recipients which may assist the Company (presently or in the future) with implementing, administering
and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose
of implementing, administering and managing his or her participation in the Plan. The Recipient understands that Data will be held
only as long as is necessary to implement, administer and manage the Recipient’s participation in the Plan. The Recipient
understands if he or she resides outside the United States, he or she may, at any time, view Data, request additional information
about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in
any case without cost, by contacting in writing his or her local human resources representative. Further, the Recipient understands
that he or she is providing the consents herein on a purely voluntary basis. If the Recipient does not consent, or if the Recipient
later seeks to revoke his or her consent, his or her employment status or service and career with the Employer will not be adversely
affected; the only adverse consequence of refusing or withdrawing the Recipient’s consent is that the Company would not be able
to grant the Recipient Awards or other equity awards or administer or maintain such awards. Therefore, the Recipient understands
that refusing or withdrawing his or her consent may affect the Recipient’s ability to participate in the Plan. For more information
on the consequences of the Recipient’s refusal to consent or withdrawal of consent, the Recipient understands that he or she may
contact his or her local human resources representative.

 

	(12)	Nature of Award. In accepting the Award, the Recipient acknowledges, understands and agrees that:

 

(a)      the Plan is established voluntarily by the Company,
it is discretionary in nature and the Company can amend, modify, suspend, cancel or terminate it at any time, to the extent permitted
under the Plan;

 

(b)      this Award and
any other awards under the Plan are voluntary and occasional and do not create any contractual or other right to receive future
awards or benefits in lieu of any awards, even if similar awards have been granted repeatedly in the past;

 

(c)      all determinations
with respect to any future awards, including, but not limited to, the times when awards are made, the number of Shares, and other
conditions attached to the awards, will be at the sole discretion of the Company and/or the Compensation Committee;

 

(d)      participation
in this Plan or program is voluntary;

 

(e)      this Award and
the underlying Shares, and any income derived therefrom are not paid in lieu of and are not intended to replace any pension rights
or compensation and not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating
any termination, severance, resignation, redundancy, dismissal, end of service payments, bonuses, long-service awards, life or
accident insurance benefits, pension or retirement or welfare benefits or similar payments;

 

    	5

    	 

    

(f)      for purposes
of the Award, the Recipient’s employment or service relationship will be considered terminated as of the date the Recipient
is no longer actively providing services to the Company or any Affiliate (regardless of the reason for such termination and whether
or not later to be found invalid or in breach of employment laws in the jurisdiction where the Recipient is employed or the terms
of the Recipient’s employment agreement, if any), and unless otherwise expressly provided in this Agreement or determined
by the Company, the Recipient’s right to vest in the Award under the Plan, if any, will terminate as of such date and will
not be extended by any notice period (e.g., the Recipient’s period of service would not include any contractual notice
period or any period of “garden leave” or similar period mandated under employment laws in the jurisdiction where
the Recipient is employed or the terms of the Recipient’s employment agreement, if any); the Committee shall have the exclusive
discretion to determine when the Recipient is no longer actively providing services for purposes of the Award (including whether
the Recipient may still be considered to be providing services while on a leave of absence);

 

(g)      the future value
of the underlying Shares is unknown, indeterminable and cannot be predicted with certainty;

 

(h)      no claim or entitlement
to compensation or damages shall arise from forfeiture of the Award resulting from the termination of the Recipient’s employment
or other service relationship (for any reason whatsoever whether or not later found to be invalid or in breach of employment laws
in the jurisdiction where the Recipient is employed or the terms of the Recipient’s employment agreement, if any), and in
consideration of the grant of the Award to which the Recipient is otherwise not entitled, the Recipient irrevocably agrees
never to institute any claim against the Company, the Employer or any Affiliate; if, notwithstanding the foregoing, any
such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, the Recipient shall be deemed
irrevocably to have agreed not to pursue such claim and agrees to execute any and all documents necessary to request dismissal
or withdrawal of such claim; and

 

(i)      the Award and
the Recipient’s participation in the Plan shall not create a right to employment or be interpreted as forming an employment
or services contract with the Company, the Employer or any Affiliate and shall not interfere with the ability of the Company,
the Employer or any Affiliate, as applicable, to terminate the Recipient’s employment or service relationship (if any);
and

 

(j)      if the Recipient
is providing services outside the United States, the Recipient acknowledges and agrees that neither the Company, the Employer
nor any Affiliate shall be liable for any foreign exchange rate fluctuation between the Recipient’s local currency
and the United States Dollar that may affect the value of the Award or of any amounts due to the Recipient pursuant to the settlement
of the Award or the subsequent sale of any Shares acquired upon settlement.

 

	(13)	No Advice Regarding Grant. The Company is not providing any tax, legal or financial advice, nor is the Company
making any recommendations regarding the Recipient’s participation in the Plan, or the Recipient’s acquisition or sale
of the underlying Shares. The Recipient is hereby advised to consult with his or her own personal tax, legal and financial advisors
regarding his or her participation in the Plan before taking any action related to the Plan.
	 	 	 

	(14)	Entire Agreement; Severability. The Plan and this Agreement set forth the entire understanding between the Recipient,
the Employer, the Company, and any Affiliate regarding the acquisition of the Shares and supersedes all prior oral and written
agreements pertaining to this Award. If all or any part or application of the provisions of this Agreement are held or determined
to be invalid or unenforceable for any reason whatsoever by a court of competent jurisdiction in an action between Recipient and
the Company, each and all of the other provisions of this Agreement shall remain in full force and effect.
	 	 	 

	(15)	Governing Law and Venue. This Award and this Agreement has been made in and shall be governed by, construed under
and in accordance with the laws of the State of Delaware, United States of America, without regard to the conflict of law provisions,
as provided in the Plan. Any and all disputes relating to, concerning or arising from this Agreement, or relating to, concerning
or arising from the relationship between the parties evidenced by the Award or this Agreement, shall be brought and heard exclusively
in the United States District Court for the District of Delaware or the Delaware Superior Court, New Castle County. Each of the
parties hereby represents and agrees that such party is subject to the personal jurisdiction of said courts; hereby irrevocably
consents to the jurisdiction of such courts in any legal or equitable proceedings related to, concerning or arising from such dispute,
and waives, to the fullest extent permitted by law, any objection which such party may now or hereafter have that the laying of
the venue of any legal or equitable proceedings related to, concerning or arising from such dispute which is brought in such courts
is improper or that such proceedings have been brought in an inconvenient forum.
	 	 	 

	(16)	Compliance with Law. Notwithstanding any other provision of the Plan or this Agreement, unless there is an available
exemption from any registration, qualification or other legal requirement applicable to the Shares, the Company shall not be required
to deliver any Shares issuable upon settlement of the Award prior to the completion of any registration or qualification of the
Shares under any local, state, federal or foreign securities or exchange control law or under rulings or regulations of the
U.S. Securities and Exchange Commission (“SEC”) or of any other governmental regulatory body, or prior to obtaining
any approval or other clearance from any local, state, federal or foreign governmental agency, which registration, qualification
or approval the Company shall, in its absolute discretion, deem necessary or advisable. The Recipient understands that the Company
is under no obligation to register or qualify the Shares with the SEC or any state or foreign securities commission or to seek
approval or clearance from any governmental authority for the issuance or sale of the Shares. Further, the Recipient agrees that
the Company shall have unilateral authority to amend the Plan and the Agreement without the Recipient’s consent to
the extent necessary to comply with securities or other laws applicable to issuance of Shares.

 

    	6

    	 

    
 

	(17)	Language. If the Recipient has received this Agreement or any other document related to the Plan translated into
a language other than English and if the meaning of the translated version is different than the English version, the English version
will control.
	 	 	 

	(18)	Electronic Delivery and Acceptance. The Company may, in its sole discretion, decide to deliver any documents
related to current or future participation in the Plan by electronic means. The Recipient hereby consents to receive such documents
by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained
by the Company or a third party designated by the Company.
	 	 	 

	(19)	Appendix A. The Award shall be subject to any special terms and conditions for the Recipient’s country
set forth in Appendix A. Moreover, if the Recipient relocates to one of the countries included in Appendix A, the special terms
and conditions for such country will apply to the Recipient, to the extent the Company determines that the application of such
terms and conditions is necessary or advisable for legal or administrative reasons. Appendix A constitutes part of this Agreement.
	 	 	 

	(20)	Imposition of Other Requirements. The Company reserves the right to impose other requirements on the Recipient’s
participation in the Plan, on the Award and on any Shares acquired under the Plan, to the extent the Company determines it is necessary
or advisable for legal or administrative reasons, and to require the Recipient to sign any additional agreements or undertakings
that may be necessary to accomplish the foregoing.
	 	 	 

	(21)	Waiver. The Recipient acknowledges that a waiver by the Company of breach of any provision of this Agreement
shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by the Recipient
or any other Recipient.
	 	 	 

	(22)	Insider Trading Restrictions/Market Abuse Laws. The Recipient acknowledges that, depending on the Recipient’s
country of residence, the Recipient may be subject to insider trading restrictions and/or market abuse laws, which may affect the
Recipient’s ability to acquire or sell shares of Common Stock or rights to shares of Common Stock (e.g., Awards) under
the Plan during such times as the Recipient is considered to have “inside information” regarding the Company (as defined
by the laws in the Recipient’s country). Any restrictions under these laws or regulations are separate from and in addition
to any restrictions that may be imposed under the Company’s insider trading policy. The Recipient acknowledges that it is
his or her responsibility to comply with any applicable restrictions, and the Recipient is advised to speak to his or her personal
advisor on this matter.

 

	 	THE COCA-COLA COMPANY	 
	 	 	 
	 	 	 
	 	 	 
	 	Authorized Signature	 

 

Using the Merrill Lynch voice response system or other
available means, the Recipient must accept the above Award in accordance with and subject to the terms and conditions of this Agreement
and the Plan, acknowledge that he or she has read this Agreement and the Plan, and agrees to be bound by this Agreement, the Plan
and the actions of the Committee. If he or she does not do so prior to [Date], then the Company may declare the Award null and
void at any time. Also, in the unfortunate event that death occurs before this Agreement has been accepted, this Award will be
voided, which means the Award will terminate automatically and cannot be transferred to the Recipient’s heirs pursuant to the Recipient’s
will or the laws of descent and distribution.

 

    	7

    	 

    

Power of Attorney

 

This Power of Attorney shall not apply if the Recipient becomes
an Executive Officer or a Reporting Officer under Section 16 of the Securities Exchange Act of 1934.

 

The Recipient, by electing to participate in the Plan and
accepting the Agreement, does hereby appoint as attorney-in-fact, the Company, through its duly appointed representative, as the
Recipient’s true and lawful representative, with full power and authority to do the following:

 

	(i)	To direct, instruct, authorize and prepare and execute any document necessary to have Merrill Lynch (or any successor broker
designated by the Company) sell on the Recipient’s behalf a set percentage of the Shares the Recipient receives at vesting
as may be needed to cover Tax-Related Items due at vesting;
	 	 

	(ii)	To direct, instruct, authorize and prepare and execute any document necessary to have the Company and/or Merrill Lynch (or
any successor broker designated by the Company) use the Recipient’s bank and/or brokerage account information and any other
information as required to effectuate the sale of Shares the Recipient receives at vesting as may be needed to cover Tax-Related
Items due at vesting; 
	 	 

	(iii)	To take any additional action that may be necessary or appropriate for implementation of the Plan with any competent taxing
authority; and
	 	 

	(iv)	To constitute and appoint, in the Recipient’s place and stead, and as the Recipient’s substitute, one representative
or more, with power of revocation.

 

The authority set forth herein to sell Shares shall not be
valid if the Recipient or the Company notifies Merrill Lynch that the Recipient is unable to trade in Company securities due to
trading restrictions pursuant to the Company’s Insider Trading Policy or applicable securities laws.  The Recipient
hereby ratifies and confirms as his or her own act and deed all that such representative may do or cause to be done by virtue of
this instrument.

 

    	8

    	 

    

APPENDIX A

 

THE COCA-COLA COMPANY

2014 EQUITY PLAN

RESTRICTED STOCK UNIT AGREEMENT

 

 

Terms and Conditions

 

This Appendix includes additional terms and conditions
that govern the Award granted to the Recipient under the Plan if the Recipient works in one of the countries listed below. If the
Recipient is a citizen or resident of a country other than the one in which the Recipient is currently working, is considered a
resident of another country for local law purposes or if the Recipient transfers employment and/or residency between countries
after the Award Date, the Company will, in its discretion, determine the extent to which the terms and conditions herein will be
applicable to the Recipient.

 

Certain capitalized terms used but not defined in this
Appendix have the same meanings set forth in the Plan and/or the Agreement, as applicable.

 

Notifications

 

This Appendix also includes information regarding securities,
exchange control and certain other tax or legal issues of which the Recipient should be aware with respect to the Recipient’s participation
in the Plan. The information is based on the securities, exchange control and other laws in effect in the respective countries
as of January 2015. Such laws are often complex and change frequently. As a result, the Company strongly recommends that the Recipient
not rely on the information in this Appendix as the only source of information relating to the consequences of the Recipient’s
participation in the Plan because the information may be out of date when the Award vests, Shares are issued to the Recipient and/or
the Recipient sells Shares acquired under the Plan.

 

In addition, the information contained herein is general
in nature and may not apply to the Recipient’s particular situation and the Company is not in a position to assure the Recipient
of a particular result. Accordingly, the Recipient is advised to seek appropriate professional advice as to how the relevant laws
in the Recipient’s country may apply to his or her situation. Furthermore, additional privacy laws may apply in the Recipient’s
country.

 

Finally, if the Recipient is a citizen or resident of
a country other than the one in which the Recipient is currently working, is considered a resident of another country for local
law purposes or if the Recipient transfers employment and/or residency between countries after the Award Date, the information
contained herein may not be applicable to the Recipient in the same manner.

 

ARGENTINA

 

Notifications

 

Securities Law Information

 

The Recipient understands that neither the Awards nor the
Shares underlying the Awards are publicly offered or listed on any stock exchange in Argentina. The offer is private and not subject
to the supervision of any Argentine governmental authority.

 

Exchange Control Information

 

If the Recipient transfers proceeds from the sale of Shares
and any cash dividends into Argentina, the Recipient may be subject to certain restrictions. If the transfer of funds received
in connection with the Award into Argentina is made within 10 days of receipt, 30% of the amount transferred into Argentina may
be subject to mandatory deposit in a non-interest bearing account for a holding period of 365 days. The Argentine bank handling
the transaction may request certain documentation in connection with the request to transfer sale proceeds into Argentina (e.g.,
evidence of the sale, proof of the source of the funds used to purchase the Shares, etc.). If the bank determines that the 10-day
rule or any other rule or regulation promulgated by the Argentine Central Bank has not been satisfied, it will require that 30%
of the proceeds be placed in a non-interest bearing deposit account for a holding period of 365 days.

 

    	 

    	 

    

The Recipient is solely responsible for complying with the
exchange control rules that may apply to the Recipient in connection with his or her participation in the Plan and/or transfer
of proceeds from the sale of Shares or receipt of dividends acquired under the Plan into Argentina. Prior to transferring funds
into Argentina, the Recipient should consult his or her local bank and/or exchange control advisor to confirm what will be required
by the bank because interpretations of the applicable Central Bank regulations vary by bank and exchange control rules and regulations
are subject to change without notice.

 

Foreign Asset/Account Reporting Information

 

Argentinian residents must report any Shares acquired under
the Plan and held by the resident on December 31 of each year on their annual tax return for that year.

 

australia

 

Terms and Conditions

 

Australian Offer Document

The offer of the Award is intended to comply with the provisions
of the Corporations Act 2001, ASIC Regulatory Guide 49 and ASIC Class Order CO 14/1000. Additional details are set forth in the
Offer Document for the offer of the Award to Australian resident employees, which will be provided to the Recipient with the Agreement.

 

Notifications

 

Securities Law Information

 

The Recipient understands that if he or she acquires Shares
upon vesting/settlement of the Award and subsequently offers such Shares for sale to a person or entity resident in Australia,
such an offer may be subject to disclosure requirements under Australian law. The Recipient should obtain legal advice regarding
applicable disclosure requirements prior to making any such offer.

 

Exchange Control Information

 

Australian residents must report inbound and/or outbound
cash transactions exceeding A$10,000 and inbound and/or outbound international fund transfers of any value if the transfers do
not involve an Australian bank.

 

AUSTRIA

 

Notifications

 

Consumer Protection Information

 

The Recipient may be entitled to revoke the Agreement
on the basis of the Austrian Consumer Protection Act (the “Act”) under the conditions listed below, if the Act is considered
to be applicable to the Agreement and the Plan:

		(i)	The revocation must be made within one week after the acceptance of the Agreement.

(ii)          
The revocation must be in written form to be valid. It is sufficient if the Recipient returns
the Agreement to the Company or the Company’s representative with language that can be understood as the Recipient’s
refusal to conclude or honor the Agreement, provided the revocation is sent within the period discussed above.

    	 

    	 

    

Exchange Control Information

 

If the Recipient holds securities (including Shares
acquired under the Plan) or cash (including proceeds from the sale of Shares and any cash dividends) outside of Austria (even if
the Recipient holds them outside of Austria at a branch of an Austrian bank), the Recipient may be required to report certain information
to the Austrian National Bank if certain thresholds are exceeded.

 

Specifically, if the Recipient is an Austrian resident
and holds securities outside of Austria, reporting requirements will apply if the value of such securities meets or exceeds (i)
€30,000,000 as of the end of any calendar quarter, or (ii) €5,000,000 as of December 31. Further, if the Recipient holds
cash in accounts outside of Austria, monthly reporting requirements will apply if the aggregate transaction volume of such cash
accounts meets or exceeds €3,000,000.

 

BELGIUM

 

Notifications

 

Foreign Asset/Account Reporting Information

 

The Recipient is required to report any taxable income attributable
to the Award on his or her annual tax return. Additionally, Belgian residents are required to report any security or bank accounts
(including brokerage accounts) maintained outside of Belgium on their annual tax return. In a separate report, they will be required
to provide the National Bank of Belgium with certain details regarding such foreign accounts.

 

BRAZIL

 

Terms and Conditions

 

Nature of Grant

 

The following provision supplements Section 12 of the Agreement:

 

The Recipient agrees that (i) he or she is making an investment
decision, (ii) the Shares will be issued to him or her only if the vesting conditions are met and any necessary services are rendered
by the Recipient over the vesting period, and (iii) the value of the underlying Shares is not fixed and may increase or decrease
in value over the vesting period without compensation to the Recipient.

 

Compliance with Law

 

By accepting the Award, the Recipient acknowledges his
or her agreement to comply with applicable Brazilian laws and to pay any and all applicable taxes associated with the vesting/settlement
of the Award and issuance and/or sale of Shares acquired under the Plan and the receipt of any dividends.

 

Notifications

 

Foreign Asset/Account Reporting Information

 

If the Recipient is resident or domiciled in Brazil,
the Recipient will be required to submit an annual declaration of assets and rights held outside of Brazil to the Central Bank
of Brazil if the aggregate value of such assets and rights is equal to or greater than US$100,000 as of December 31. Assets and
rights that must be reported include Shares acquired under the Plan.

 

CANADA

 

Terms and Conditions

 

Termination of Employment

 

The following provision supplements Section 12(f) of the
Agreement:

 

In the event of the Recipient’s termination of employment
for any reason (whether or not later found invalid or in breach of local employment laws or the terms of the Recipient’s
employment agreement, if any), any unvested portion of the Award shall be immediately forfeited without consideration.  For
purposes of the preceding sentence, the Recipient’s right to vest in the Award will terminate effective as of the earlier
of the following dates: (i) the date on which the Recipient’s employment is terminated; (ii) the date the Recipient receives
written notice of termination of employment from the Company or one of the Affiliates; or (iii) the date the Recipient is no longer
actively providing services to the Company or one of the Affiliates.  The right to vest in and exercise the Award (as discussed
above) will not be extended by any notice period (e.g., active service would not include any contractual notice period or
any period of “garden leave” or similar period mandated under Canadian laws or the terms of the optionee’s employment
or service agreement, if any). The Committee shall have the exclusive discretion to determine when the Recipient is no longer actively
providing services for purposes of the Recipient’s Award (including whether the Recipient may still be considered to be providing
services while on a leave of absence).

 

    	 

    	 

    

Data Privacy

 

The following provision supplements Section 11 of the Agreement:

 

The Recipient hereby authorizes the Company and the Company’s
representatives to discuss with and obtain all relevant information from all personnel, professional or not, involved in the administration
and operation of the Plan. The Recipient further authorizes the Company, any Affiliates and any stock plan service provider that
may be selected by the Company to assist with the Plan to disclose and discuss the Plan with their respective advisors. The Recipient
further authorizes the Company and any Affiliates to record such information and to keep such information in the Recipient’s
employee file.

 

Language Consent

 

The following terms and conditions apply to the Recipients
resident in Quebec:

 

The parties acknowledge that it is their express wish that
the Agreement, as well as all documents, notices, and legal proceedings entered into, given or instituted pursuant hereto or relating
directly or indirectly hereto, be drawn up in English.

 

Consentement relatif à la langue utilisée

 

Les parties reconnaissent avoir exigé que cette
convention («Agreement») soit rédigée en anglais, ainsi que tous les documents, avis et procédures
judiciaires, éxécutés, donnés ou intentés en vertu de, ou liés directement ou indirectement
à la présente.

 

Notifications

 

Securities Law Information

 

The Recipient is permitted to sell Shares acquired through
the Plan through the designated broker appointed by the Company, provided the resale of Shares acquired under the Plan takes place
outside of Canada through the facilities of a stock exchange on which the Shares are listed (i.e., New York Stock Exchange).

 

Foreign Asset/Account Reporting Information

 

Canadian residents are required to report any foreign property
(e.g., Shares acquired under the Plan and possibly unvested Awards) on form T1135 (Foreign Income Verification Statement)
if the total cost of their foreign property exceeds C$100,000 at any time in the year. It is the Recipient’s responsibility
to comply with these reporting obligations, and the Recipient should consult his or her own personal tax advisor in this regard.

 

CHINA

 

Terms and Conditions 

 

The following provisions govern the Recipient’s
participation in the Plan if the Recipient is a national of the People’s Republic of China (“PRC”) resident and
working in mainland China:

 

    	 

    	 

    

Separation from the Company

 

Notwithstanding any provisions in the Agreement to the contrary,
the following provisions apply in the event of separation from the Company or an Affiliate in China due to Disability and Retirement:

 

Awards held less than 12 months from the date of Award are
forfeited.

 

For Awards held at least 12 months, the Award will immediately
vest and the Recipient shall be paid a cash amount equal to the value of the Shares. The value shall be determined based on the
closing price of the Shares on the date of the Recipient’s Disability or Retirement (or in the case of a non trading day,
the next trading day), as applicable, and shall be paid within 90 days of the Recipient’s Disability or Retirement, as applicable.

 

The following provision of Section 3(a) of the Agreement
is replaced with the following:

 

	Employment with the Company or a Subsidiary terminates  after attaining age 55 and completing 10 Years of Service	Award held at least 12 months becomes immediately vested. Award held less than 12 months is forfeited.	Shares will be released within 90 days after the date of termination.  If required by Section 409A of the Internal Revenue Code, Shares may not be released to specified employees until at least six months following termination of employment.

 

Exchange Control Requirements

 

By accepting the Award, the Recipient acknowledges that he
or she understands and agrees that, due to exchange control requirements in China, the Recipient is not permitted to transfer any
Shares acquired under the Plan out of the Recipient’s account established with the Company’s designated broker. In
addition, as a condition of participation, the Recipient must execute the Power of Attorney below and agree to certain special
terms and conditions as set forth below to comply with exchange control requirements in China and allow the Plan to continue in
operation. Any and all Awards granted to the Recipient (including any and all outstanding Awards previously granted, any Shares
issued to the Recipient in respect thereof, as well as current and future grants of Awards issued to the Recipient hereafter) are
subject to local exchange control requirements, including the following special terms and conditions:

 

(i)            
Notwithstanding any terms or conditions of the Plan and the Agreement to the contrary, the
Recipient must sell all of the Shares received through the vesting of any Award within six (6) months following the Recipient’s
termination of employment for any reason, or within any other timeframe as may be required by the State Administration of Foreign
Exchange (“SAFE”), Shanghai branch. In no event shall the Recipient be permitted to hold Shares later than six (6)
months following the date of the Recipient’s termination of employment for any reason, and the Company will authorize Merrill
Lynch (or any successor broker designated by the Company) to sell the Shares (on the Recipient’s behalf and pursuant to the
authorization without further consent) should the Shares remain in the Recipient’s account more than six (6) months following
the Recipient’s termination of employment. In addition, upon vesting of the Award, a set percentage of the Shares issued
at vesting may need to be sold in order to cover any Tax-Related Items due at vesting.

 

The Recipient must authorize Merrill Lynch, Pierce, Fenner
& Smith Incorporated (“Merrill Lynch”) or any successor broker designated by the Company to sell such Shares as
described above (on the Recipient’s behalf and pursuant to this authorization) and provide to the Company and/or Merrill
Lynch any documentation or evidence necessary to effect such sale of the Shares. Neither the Company nor Merrill Lynch (or any
successor broker designated by the Company) are under any obligation to arrange for such sale of the Shares at any particular price
or on any specific date or time. Further, the Company shall have the exclusive discretion to determine when the Recipient is no
longer actively providing service for purposes of the Award;

 

(ii)          
The Recipient must repatriate the cash proceeds from the sale of the Shares issued upon the
vesting of the Award to China. Such repatriation of the cash proceeds may need to be effectuated through a special exchange control
account established by the Company, the Employer or any other Affiliate in China, and any proceeds from the sale of any Shares
the Recipient acquires may be transferred to such special account prior to being delivered to the Recipient (less any Tax-Related
Items and any brokerage fees or commissions);

 

    	 

    	 

    

(iii)         
The Company will deliver the proceeds of the sale of Shares (less any Tax Related Items and
any brokerage fees or commissions) to the Recipient as soon as possible, but there may be delays in distributing the funds to the
Recipient due to exchange control requirements in China. Proceeds may be paid to the Recipient in U.S. dollars or local currency
at the Company’s discretion. If the proceeds are paid to the Recipient in U.S. dollars, the Recipient will be required to
set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are paid to
the Recipient in local currency, the Company is under no obligation to secure any particular exchange conversion rate and the Company
may face delays in converting the proceeds to local currency due to exchange control restrictions. The Recipient acknowledges and
agrees that he or she bears the risk of any currency conversion rate fluctuation between the date that the Shares or any dividends
paid on the Shares are sold, as applicable, and the date of conversion of the cash proceeds to local currency.

 

(iv)        
The Recipient further agree to comply with any other requirements that may be imposed by the
Company in the future in order to facilitate compliance with exchange control requirements in China.

 

Power of Attorney

 

The Recipient is a PRC national employee working for the
Company, the Employer or another Related company in China and, by electing to participate in the Plan and accepting the Agreement
(including this Appendix), the Recipient does hereby appoint as attorney-in-fact, the Company, through its duly appointed representative,
as the Recipient’s true and lawful representative, with full power and authority to do the following:

 

(i)           
To direct, instruct, authorize and prepare and execute any document necessary to have Merrill
Lynch (or any successor broker designated by the Company) sell on the Recipient’s behalf a set percentage of the Shares the
Recipient receives at vesting as may be needed to cover Tax-Related Items due at vesting;

 

(ii)         
To direct, instruct, authorize and prepare and execute any document necessary to have Merrill
Lynch (or any successor broker designated by the Company) sell on the Recipient’s behalf any and all Shares the Recipient
receives through the vesting of the Recipient’s Award, which are still being held in his or her brokerage account as of the
date which is six (6) months following the date of his or her termination of employment;

 

(iii)       
To direct, instruct, authorize and prepare and execute any document necessary to have Merrill
Lynch (or any successor broker designated by the Company) repatriate the proceeds of the sale of the Recipient’s Shares through
a special exchange control account in China established by the Company, the Employer or any other Affiliate;

 

(iv)        
To direct, instruct, authorize and prepare and execute any document necessary to have the
Company and/or Merrill Lynch (or any successor broker designated by the Company) use the Recipient’s bank and/or brokerage
account information and any other information as required to effectuate the sale of Shares and the repatriation and delivery of
the cash proceeds from such sale; 

 

(v)          
To take any additional action that may be necessary or appropriate for implementation of the
Plan with SAFE and any other competent PRC authority, including but not limited to the transfer of funds through a special exchange
control account in China; and

 

(vi)        
To constitute and appoint, in the Recipient’s place and stead, and as the Recipient’s
substitute, one representative or more, with power of revocation.

 

The Recipient hereby ratifies and confirms as his or her
own act and deed all that such representative may do or cause to be done by virtue of this instrument.

 

Notifications

 

Foreign Asset/Account Reporting Information

 

The Recipient may be required to report to SAFE all details
of his or her foreign financial assets and liabilities, as well as details of any economic transactions conducted with non-PRC
residents. Under these rules, the Recipient may be subject to reporting obligations for the Awards, Shares acquired under the Plan,
the receipt of any dividends and the sale of Shares.

 

    	 

    	 

    

COSTA RICA

 

There are no country-specific provisions.

 

EGYPT

 

There are no country-specific provisions.

 

FRANCE

 

Terms and Conditions

 

Language Consent

 

By accepting the Awards, the Recipient confirms
having read and understood the documents relating to this grant (the Plan and the Agreement) which were provided in English
language.  The Recipient accepts the terms of those documents accordingly.

 

En acceptant l’Attribution, le Bénéficiaire
confirme avoir lu et compris les documents relatifs à cette attribution (le Plan et ce Contrat) qui ont été
fournis en langue anglaise. Le Bénéficiaire accepte les dispositions de ces documents en connaissance de cause.

 

Notifications

 

Foreign Asset/Account Information

 

The Recipient may hold or Shares acquired upon vesting/settlement
of the Award, any proceeds resulting from the sale of Shares or any dividends paid on such Shares outside of France, provided the
Recipient declares all foreign bank and brokerage accounts (including any accounts that were opened or closed during the tax year)
with his or her annual income tax return. Failure to complete this reporting may trigger penalties for the resident.

 

GERMANY

 

Notifications

 

Exchange Control Information

 

Cross-border payments in excess of €12,500 must be reported
monthly to the German Federal Bank (Bundesbank). In the event that the Recipient makes or receives a payment in excess of
this amount, he or she is required to report the payment to Bundesbank electronically using the “General Statistics Reporting
Portal” (“Allgemeines Meldeportal Statistik”) available via Bundesbank’s website (www.bundesbank.de).

 

GREECE

 

There are no country-specific provisions.

 

HONG KONG

 

Terms and Conditions

 

WARNING: The Award and the Shares underlying the Awards
do not constitute a public offering of securities under Hong Kong law and are available only to employees of the Company or its
Affiliates participating in the Plan. The Recipient should be aware that the contents of the Agreement have not been prepared in
accordance with and are not intended to constitute a “prospectus” for a public offering of securities under the applicable
securities legislation in Hong Kong. Nor have the documents been reviewed by any regulatory authority in Hong Kong. The Agreement
and the Plan are intended only for the personal use of each Recipient and may not be distributed to any other person. The Recipient
is advised to exercise caution in relation to the offer of the Award. If the Recipient is in any doubt about any of the contents
of the Agreement, including this Appendix, or the Plan, the Recipient should obtain independent professional advice.

 

    	 

    	 

    

Sale of Shares

 

Any Shares received at vesting are accepted as a personal
investment. In the event that any portion of this Award vests within six months of the Award Date, the Recipient agrees that he
or she will not offer to the public or otherwise dispose of the Shares acquired prior to the six-month anniversary of the Award
Date.

 

Notifications

 

Occupational Retirement Schemes Ordinance Alert

 

The Company specifically intends that neither the Award nor
the Plan will be an occupational retirement scheme for purposes of the Occupational Retirement Schemes Ordinance (“ORSO”).

 

INDIA

 

Notifications

 

Exchange Control Information

 

The Recipient must repatriate to India all funds resulting
from the sale of Shares within 90 days and all proceeds from the receipt of any dividends within 180 days. The Recipient will receive
a foreign inward remittance certificate (“FIRC”) from the bank where he or she deposits the foreign currency. The Recipient
should maintain the FIRC as evidence of the repatriation of funds in the event that the Reserve Bank of India or the Employer requests
proof of repatriation.

 

Foreign Asset/Account Reporting Information

 

The Recipient is required to declare in his or her annual
tax return (a) his or her foreign financial assets (including Shares) and any foreign bank accounts.

 

IRELAND

 

Notifications

 

Director Notification Requirement

 

If the Recipient is a director, shadow director or secretary
of an Irish Affiliate, the Recipient is required to notify such Irish Affiliate in writing within five business days of (i) receiving
or disposing of an interest in the Company (e.g., the Awards, Shares, etc.), (ii) becoming aware of the event giving rise
to the notification requirement, or (iii) becoming a director, shadow director or secretary of an Irish Affiliate if such an interest
exists at the time.  This notification requirement also applies with respect to the interests of a spouse or children under
the age of 18 (whose interests will be attributed to the director, shadow director or secretary, as the case may be).

 

ITALY

 

Terms and Conditions

 

Data Privacy

 

The following provision replaces Section 11 of the
Agreement: 

 

The Recipient understands that the Company, the Employer
and any Affiliate may hold certain personal information about him or her, including, but not limited to, the Recipient’s
name, home address and telephone number, date of birth, social insurance or other identification number, salary, nationality, job
title, any Shares or directorships held in the Company or any Affiliate, details of all Awards, or any other entitlement to Shares
awarded, cancelled, exercised, vested, unvested or outstanding in the Recipient’s favor (“Data”), for the exclusive
purpose of implementing, managing and administering the Plan. The Recipient is aware that providing the Company with Data is necessary
for the performance of the Plan and that his or her refusal to provide such Data would make it impossible for the Company to perform
its contractual obligations and may affect the Recipient’s ability to participate in the Plan. 

 

    	 

    	 

    

The Controller of personal data processing is The Coca-Cola
Company with registered offices at One Coca-Cola Plaza, Atlanta Georgia, 30313, United States of America, and, pursuant to Legislative
Decree no. 196/2003, its representative in Italy is Coca-Cola Italia S.r.l., Edison Park Center, Viale Tommaso Edison 110, 20099
Sesto San Giovanni, Milan, Italy.

 

The Recipient understands that Data may be transferred
to the Company or any of its Affiliates, or to any third parties assisting in the implementation, management and administration
of the Plan, including any transfer required to its designated broker or other third party with whom Shares acquired under the
Plan or cash from the sale of such Shares may be deposited. Furthermore, the recipients that may receive, possess, use, retain,
and transfer such Data may be located in Italy or elsewhere, including outside the European Union, and the recipients’ country
(e.g., the United States) may have different data privacy laws and protections than Italy.

 

The processing activity, including transfer of Data
abroad, including outside of the European Economic Area, as herein specified and pursuant to applicable laws and regulations, does
not require the Recipient’s consent thereto as the processing is necessary to performance of contractual obligations related
to implementation, administration, and management of the Plan. The Recipient understands that Data processing related to the purposes
specified above shall take place under automated or non-automated conditions, anonymously when possible, that comply with the purposes
for which Data is collected and with confidentiality and security provisions as set forth by applicable laws and regulations, with
specific reference to Legislative Decree no. 196/2003.

 

The Recipient understands that Data will be held only
as long as is required by law or as necessary to implement, administer and manage the Recipient’s participation in the Plan.
The Recipient understands that, pursuant to Section 7 of the Legislative Decree no. 196/2003, he or she has the right to, including
but not limited to, access, delete, update, correct, or terminate, for legitimate reason, the Data processing. Furthermore, the
Recipient is aware that Data will not be used for direct marketing purposes. In addition, Data provided can be reviewed and questions
or complaints can be addressed by contacting the Recipient’s local human resources representative.

 

Plan Document Acknowledgment

 

In accepting the Award, the Recipient acknowledges that he
or she has received a copy of the Plan and the Agreement and has reviewed the Plan and the Agreement, including this Appendix,
in their entirety and fully understands and accepts all provisions of the Plan and the Agreement, including this Appendix.

 

The Recipient acknowledges that he or she has read and
specifically and expressly approves the following sections of the Agreement: Section (3) Termination of Employment; Section (7)
Responsibility for Taxes; Section (12) Nature of Award; Section (14) Governing Law and Venue; Section (16) Electronic Delivery
and Acceptance; Section (17) Appendix A; Section (18) Imposition of Other Requirements; and the Data Privacy section above.

 

Notifications

 

Foreign Asset/Account Reporting Information

 

If the Recipient is an Italian resident who, at any time
during the fiscal year, holds foreign financial assets (including cash and Shares) which may generate taxable income in Italy,
the Recipient is required to report these assets on his or her annual tax return for the year during which the assets are held,
or on a special form if no tax return is due. These reporting obligations also apply if the Recipient is the beneficial owner of
foreign financial assets under Italian money laundering provisions.

 

    	 

    	 

    

JAPAN

 

Notifications

 

Foreign Asset/Account Reporting Information

 

Japanese residents holding assets outside of Japan with a
total net fair market value exceeding ¥50,000,000 (as of December 31 each year) are required to comply with annual tax reporting
obligations with respect to such assets. The Recipient is advised to consult with a personal tax advisor to ensure that he or she
is properly complying with applicable reporting requirements.

 

KENYA

 

There are no country-specific provisions.

 

MEXICO

 

Terms and Conditions

 

Labor Law Acknowledgment

 

These provisions supplement Section 12 of the Agreement:

 

Modification. By accepting the Award, the Recipient
understands and agrees that any modification of the Plan or the Agreement or its termination shall not constitute a change or impairment
of the terms and conditions of the Recipient’s employment.

 

Policy Statement. The grant of the Award made under
the Plan is unilateral and discretionary and, therefore, the Company reserves the absolute right to amend it and discontinue it
at any time without any liability.

 

The Company with registered offices at One Coca-Cola Plaza,
Atlanta Georgia, 30313, United States of America, is solely responsible for the administration of the Plan and participation in
the Plan and the acquisition of Shares does not, in any way, establish an employment relationship between the Recipient and the
Company since the Recipient is participating in the Plan on a wholly commercial basis and the Recipient’s sole employer is
Servicios Integrados de Administración y Alta Gerencia S. de R.L. de C.V., nor does it establish any rights between the
Recipient and the Employer.

 

Plan Document Acknowledgment

 

By accepting the grant of the Awards, the Recipient acknowledges
that the Recipient has received a copy of the Plan, have reviewed the Plan and the Agreement in their entirety and fully understand
and accept all provisions of the Plan and the Agreement.

 

In addition, by signing the Agreement, the Recipient further
acknowledges that he or she has read and specifically and expressly approve the terms and conditions in Section 12 of the Agreement
(“Nature of Award,” in which the following is clearly described and established: (i) participation in the Plan does
not constitute an acquired right; (ii) the Plan and participation in the Plan is offered by the Company on a wholly discretionary
basis; (iii) participation in the Plan is voluntary; and (iv) none of the Affiliates or the Company is responsible for any decrease
in the value of the Shares underlying the Award.

 

Finally, the Recipient hereby declares that the Recipient
does not reserve any action or right to bring any claim against the Company for any compensation or damages as a result of the
Recipient’s participation in the Plan and therefore grants a full and broad release to the Employer, the Company and any
Affiliates with respect to any claim that may arise under the Plan.

 

Spanish Translation

 

Términos y Condiciones

 

Reconocimiento de la Ley Laboral aplicable

 

Los presentes lineamientos reemplazarán a la Cláusula
12 del Contrato.

 

    	 

    	 

    

Modificación. Al aceptar el Otorgamiento,
el Beneficiario reconoce y entiende que cualquier modificación al Plan o al Contrato o su terminación no serán
considerados como un cambio o disminución en los términos y condiciones de su relación de trabajo.

 

Declaración de Política. El
Otorgamiento realizado conforme al Plan es unilateral y discrecional y, por lo tanto, la Compañía se reserva el derecho
absoluto de modificar y discontinuar el mismo en cualquier tiempo, sin responsabilidad alguna.

 

La Compañía, con oficinas registradas ubicadas
enOne Coca Cola Plaza, Atlanta Georgia, 30313, EE.UU., es la única responsable de la administración del Plan y de
la participación en el mismo, y la adquisición de Acciones no establece de forma alguna una relación de trabajo
entre el Beneficiario y la Compañía, ya que su participación en el Plan es completamente comercial, y el único
empleador del Beneficiario es Servicios Integrados de Administración y Alta Gerencia, S. de R.L. de C.V., así
como tampoco establece ningún derecho entre el Beneficiario y el Patrón.

 

Reconocimiento del Documento del Plan. Al
aceptar el Otorgamiento, el Beneficiario reconoce que ha recibido una copia del Plan, que ha revisado el Plan y el Contrato y que
entiende y acepta completamente todas las disposiciones contenidas en el Plan y en el Contrato. 

 

Adicionalmente, al firmar el Contrato, el Beneficiario
reconoce que ha leído y que aprueba específica y expresamente los términos y condiciones contenidos en la
cláusula 12 del Contrato (“Naturaleza del Otorgamiento”) en el cual se encuentra claramente descrito y establecido
lo siguiente: (i) la participación en el Plan no constituye un derecho adquirido; (ii) el Plan y la participación
en el mismo es ofrecida por la Compañía de forma enteramente discrecional; (iii) la participación en el Plan
es voluntaria; y (iv) ninguna de las empresas Afiliadas o la Compañía, son responsables por cualquier disminución
en el valor de las Acciones en relación al Otorgamiento. 

 

Finalmente, el Beneficiario manifiesta que no se reserva
ninguna acción o derecho para interponer una demanda en contra de la Compañía por compensación, daño
o perjuicio alguno como resultado de la participación del Beneficiario en el Plan y, en consecuencia, otorga el más
amplio finiquito al Patrón, así como a la Compañía y empresas Afiliadas con respecto a cualquier demanda
que pudiera originarse en virtud del Plan.

 

PAKISTAN

 

Terms and Conditions

 

Immediate Sale of Shares

 

Notwithstanding anything to the contrary in the Agreement
and the Plan, due to local regulatory requirements, the Recipient agrees to the immediate sale of any Shares to be issued to the
Recipient on the Release Date. The Recipient further agrees that the Company is authorized to instruct its designated broker to
assist with the mandatory sale of such Shares (on the Recipient’s behalf pursuant to this authorization without further consent)
and the Recipient expressly authorizes the Company’s designated broker to complete the sale of such Shares. The Recipient
acknowledges that the Company and its designated broker are under no obligation to arrange for the sale of the Shares at any particular
price. Upon the sale of the Shares, the Company will deliver to the Recipient the cash proceeds from the sale of the Shares, less
any Tax-Related Items and brokerage fees or commissions.

 

PHILIPPINES

 

Notifications

 

Securities Law Information

 

The Recipient acknowledges that the Recipient is permitted
to sell Shares acquired under the Plan through the broker, provided that such sale takes place outside of the Philippines through
the facilities of the New York Stock Exchange on which the Shares are listed.

 

    	 

    	 

    

RUSSIA

 

Terms and Conditions

 

U.S. Transaction

 

The Recipient understands that acceptance of the grant of
the Award results in a contract between the Recipient and the Company completed in the United States and that the Agreement are
governed by the laws of the Commonwealth of Delaware, without regard to choice of law principles thereof. Any Shares acquired under
the Plan shall be delivered to the Recipient through a brokerage account in the U.S. The Recipient may hold the Shares in his or
her brokerage account in the U.S.; however, in no event will Shares issued to the Recipient under the Plan be delivered to the
Recipient in Russia. The Recipient is not permitted to sell the Shares directly to other Russian legal entities or individuals.

 

Data Privacy

 

The following provision replaces Section 11 of the Agreement:

 

By accepting the Award, the Recipient acknowledges that he
or she has read, understood and agrees to the terms regarding the collection, processing and transfer of data described in Section
11 of the Agreement. In this regard, upon request of the Company or the Employer, the Recipient agrees to provide an executed data
privacy consent form or any similar agreements or consents that the Company or the Employer may deem necessary to obtain under
the data privacy laws in Russia, either now or in the future. The Recipient understands that he or she will not be able to participate
in the Plan if the Recipient fails to execute any such consent or agreement that may be requested.

 

Notifications

 

Securities Law Information

 

The Employer is not in any way involved in the offer
of the Award or administration of the Plan. The Agreement, the Plan and all other materials the Recipient may receive regarding
participation in the Plan do not constitute advertising or an offering of securities in Russia. The issuance of Shares under the
Plan has not and will not be registered in Russia and hence the Shares described in any Plan-related documents may not be offered
or placed in public circulation in Russia.

 

Please note that, under the Russian
law, the Recipient is not permitted to sell or otherwise alienate the Shares directly to other Russian individuals and the Recipient
is not permitted to bring Share certificates into Russia.

 

Exchange Control Information

 

The Recipient is responsible for complying with all
currency control laws and regulations in Russia that may apply to participation in the Plan. Within a reasonably short time after
the receipt of any funds resulting from the Award (e.g., sale proceeds, dividends, etc.), the funds must be repatriated
to Russia and credited to a Russian resident Recipient through a foreign currency account at an authorized bank in Russia. After
the funds are initially received in Russia, they may be further remitted to foreign banks in accordance with Russian exchange control
laws. Effective August 2, 2014, dividends (but not dividend equivalents) do not need to be remitted to a Russian resident Recipient’s
bank account in Russia but instead can be remitted directly to a foreign individual bank account (in Organisation for Economic
Cooperation and Development (“OECD”) and Financial Action Task Force (“FATF”) countries). The Recipient
should consult his or her personal advisor before remitting any funds into Russia, as exchange control requirements are subject
to change at any time, often without notice.

 

Labor Law Information

 

If the Recipient continues to hold Common Stock acquired
at vesting of the Award after an involuntary termination of employment, he or she may not be eligible to receive unemployment benefits
in Russia.

 

    	 

    	 

    

SINGAPORE

 

Notifications

 

Securities Law Information

 

The Award is being granted pursuant to the “Qualifying
Person” exemption under section 273(1)(f) of the Securities and Futures Act (Chapter 289, 2006 Ed.) (“SFA”).
The Plan has not been lodged or registered as a prospectus with the Monetary Authority of Singapore. The Recipient should note
that the Award is subject to section 257 of the SFA and the Recipient should not make any subsequent sale of the Shares in Singapore
or any offer of such subsequent sale of the Shares in Singapore, unless such sale or offer is made (1) after 6 months from the
Award Date or (2) pursuant to the exemptions under Part XIII Division (1) Subdivision (4) (other than section 280) of the SFA.

 

Chief Executive Officer and Director Notification Requirement

 

If the Recipient is a Chief Executive Officer (“CEO”)
or a director, associate director or shadow director of the Company’s Singapore Affiliate, the Recipient is subject to certain
notification requirements under the Singapore Companies Act. Among these requirements is an obligation to notify the Company’s
Singapore Affiliate in writing when the Recipient receives an interest (e.g., the Awards, Shares, etc.) in the Company or
any Affiliates within two business days of (i) its acquisition or disposal, (ii) any change in a previously disclosed interest
(e.g., when Shares are sold), or (iii) becoming a CEO, director, associate director or shadow director. 

 

SOUTH AFRICA

 

Terms and Conditions

 

Tax Acknowledgment

 

By accepting the Award, the Recipient agrees to notify the
Employer of the amount of any gain realized at the taxable event. If the Recipient fails to advise the Employer of the gain realized
at the taxable event, the Recipient may be liable for a fine. The Recipient will be responsible for paying any difference between
the actual tax liability and the amount withheld.

 

Notifications

 

Exchange Control Information

 

South African residents may be required to obtain approval
from the South African Reserve Bank for payments (including payment of the proceeds from the sale of Shares) that he or she receives
into accounts held outside of South Africa (e.g., a U.S. brokerage account). The Recipient should consult his or her personal
advisor to ensure compliance with current exchange control regulations.

 

SPAIN

 

Terms and Conditions

 

Labor Law Acknowledgment

 

The following provision supplements Section 12 of the Agreement:

 

In accepting the Award, the Recipient consents to participate
in the Plan and acknowledges that he or she has received a copy of the Plan.

 

The Recipient understands and agrees that the Company
has unilaterally, gratuitously and discretionally decided to grant the Award under the Plan to individuals who may be employees
of the Company and any Affiliates throughout the world. The decision is a limited decision that is entered into upon the express
assumption and condition that any grant will not economically or otherwise bind the Company or any Affiliates, over and above the
specific terms of the Plan. Consequently, the Recipient understands that the Award is granted on the assumption and condition that
the Award and any Shares issued under the Plan are not part of any employment contract (either with the Company or any Affiliates)
and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right
whatsoever. In addition, the Recipient understands that the Award would not be granted to the Recipient but for the assumptions
and conditions referred to herein; thus, the Recipient acknowledges and freely accepts that should any or all of the assumptions
be mistaken or should any of the conditions not be met for any reason, then the grant of the Award and any right to the Award shall
be null and void.

 

    	 

    	 

    

Further, the vesting of the Award is expressly conditioned
on the Recipient’s continued employment, such that upon termination of employment, the Award may cease vesting immediately,
effective on the date of the Recipient’s termination of employment (unless otherwise specifically provided in the Agreement
and/or the Plan). In particular, the Recipient understands and agrees that any unreleased Awards as of the date the Recipient is
no longer actively employed or in service (unless otherwise specifically provided in the Agreement and/or the Plan) will be forfeited
without entitlement to the underlying Shares or to any amount of indemnification in the event of termination of the Recipient’s
employment by reason of, but not limited to, resignation, retirement, disciplinary dismissal adjudged to be with cause, disciplinary
dismissal adjudged or recognized to be without cause, individual or collective dismissal adjudged or recognized to be without cause,
individual or collective dismissal on objective grounds, whether adjudged or recognized to be with or without cause, material modification
of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute,
Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer and under Article 10.3 of the Royal Decree 1382/1985.

 

Notifications

 

Securities Law Information

 

The grant of an Award and the Shares
issued pursuant to the vesting/settlement of the Award are considered a private placement outside the scope of Spanish laws on
public offerings and issuances of securities. Neither the Plan nor the Agreement have been registered with the Comisión
National del Mercado de Valores and do not constitute a public offering prospectus.

 

Exchange Control Information

 

The acquisition, ownership and disposition of Shares and
must be declared for statistical purposes to the Dirección General de Comercio e Inversiones (the “DGCI”),
which is a department of the Ministry of Economy and Competitiveness. If the Recipient acquires Shares through the use of a Spanish
financial institution, that institution will automatically make the declaration to the DGCI for the Recipient; otherwise, the resident
Recipient will be required make the declaration by filing the appropriate form with the DGCI. Generally, the declaration must be
made in January for Shares owned as of December 31 of) the prior year; however, if the value of Shares acquired or sold exceeds
€1,502,530 (or the Recipient holds 10% or more of the capital of the Company or such other amount that would entitle the Recipient
to join the Company’s board of directors), the declaration must be filed within one (1) month of the acquisition or sale,
as applicable.

 

Foreign Asset/Account Reporting Information

 

To the extent the Recipient holds rights or assets outside
of Spain with a value in excess of €50,000 per type of right or asset (e.g., Shares, cash, etc.) as of December 31
each year, such resident will be required to report information on such rights and assets on his or her annual tax return for such
year. After such rights and assets are initially reported, the reporting obligation will apply for subsequent years only if the
value of any previously-reported rights or assets increases by more than €20,000.

 

Further, the Recipient will be required to electronically
declare to the Bank of Spain any securities accounts (including brokerage accounts held abroad), as well as the securities (including
Shares acquired under the Plan) held in such accounts if the value of the transactions for all such accounts during the prior tax
year or the balances in such accounts as of December 31 of the prior tax year exceed €1,000,000.

 

Further, the Recipient is required to electronically declare
to the Bank of Spain any foreign accounts (including brokerage accounts held abroad), any foreign instruments (including Shares
acquired under the Plan), and any transactions with non-Spanish residents (including any payments of cash or Shares made to the
Recipient under the Plan) if the balances in such accounts together with the value of such instruments as of December 31, or the
volume of transactions with non-Spanish residents during the relevant year, exceed €1,000,000.

 

    	 

    	 

    

THAILAND

 

Notifications

 

Exchange Control Information

 

If the proceeds from the sale of Shares or the receipt of
dividends are equal to or greater than US$50,000 or more in a single transaction, Thai resident Recipients must repatriate the
proceeds to Thailand immediately upon receipt and convert the funds to Thai Baht or deposit the proceeds in a foreign currency
deposit account maintained by a bank in Thailand within 360 days of remitting the proceeds to Thailand. In addition, Thai resident
Recipients must report the inward remittance to the Bank of Thailand on a foreign exchange transaction form.

 

Because exchange control regulations change frequently and
without notice, the Recipient should consult his or her personal advisor before selling Shares to ensure compliance with current
regulations. It is the Recipient’s sole responsibility to comply with exchange control laws in Thailand.

 

TURKEY

 

Notifications

 

Securities Law Information

 

Under Turkish law, the Recipient is not permitted to sell
Shares acquired under the Plan in Turkey. The Recipient must sell the Shares acquired under the Plan outside of Turkey. The Shares
are currently traded on the New York Stock Exchange in the United States under the ticker symbol “KO” and Shares may
be sold on this exchange.

 

Exchange Control Information

 

Under Turkish exchange control regulations, the Recipient
may be required to use a financial intermediary institution approved under the Capital Market Law to acquire or sell shares traded
on a foreign market and to report such activity to the Capital Markets Board. The Recipient should consult his or her personal
advisor regarding these requirements.

 

UNITED ARAB EMIRATES

 

Notifications

 

Securities Law Information

 

Participation in the Plan is being offered only to selected
Recipients and is in the nature of providing equity incentives to Recipients in the United Arab Emirates. The Plan and the Agreement
are intended for distribution only to such Recipients and must not be delivered to or relied on by any other person. Prospective
purchasers of the securities offered should conduct their own due diligence on the securities.

 

If the Recipient does not understand the contents of the
Plan and the Agreement, the Recipient should consult an authorized financial adviser. The Emirates Securities and Commodities Authority
and the Dubai Financial Services Authority have no responsibility for reviewing or verifying any documents in connection with the
Plan. Neither the Ministry of Economy nor the Dubai Department of Economic Development have approved the Plan or the Agreement
nor taken steps to verify the information set out therein, and have no responsibility for such documents.

 

UNITED KINGDOM

 

Terms and Conditions

 

Responsibility for Taxes

 

The following provisions supplement Section 7 of the Agreement:

 

    	 

    	 

    

If payment or withholding of income taxes is not made
within ninety (90) days of the end of the tax year in which the income tax liability arises, or such other period specified in
Section 222(1)(c) of the U.K. Income Tax (Earnings and Pensions) Act 2003 (the “Due Date”), the amount of any uncollected
income tax shall constitute a loan owed by the Recipient to the Employer, effective on the Due Date. The Recipient understands
and agrees that the loan will bear interest at the then-current official rate of Her Majesty’s Revenue and Customs (“HMRC”),
it will be immediately due and repayable by the Recipient, and the Company and/or the Employer may recover it at any time thereafter
by any of the means referred to in Section 7 of the Agreement.

 

Notwithstanding the foregoing, if the Recipient is a
director or an executive officer (as within the meaning of Section 13(k) of the U.S. Securities Exchange Act of 1934, as amended),
the Recipient will not be eligible for such a loan to cover the uncollected income tax. In the event that the Recipient is a director
or executive officer and the income tax is not collected from or paid by the Recipient by the Due Date, the Recipient understands
that the amount of any uncollected income tax may constitute a benefit to the Recipient on which additional income tax and national
insurance contributions (“NICs”) may be payable. The Recipient will be responsible for reporting and paying any income
tax due on this additional benefit directly to HMRC under the self-assessment regime and for reimbursing the Company or the Employer
(as appropriate) for the value of any employee NICs due on this additional benefit, which the Company and/or the Employer may recover
from the Recipient by any of the means referred to in Section 7 of the Agreement.

 

URUGUAY

 

Data Privacy

 

The following provision supplements Section 11 of the Agreement:

 

The Recipient understands that his or her Data will be collected
by his or her Employer and will be transferred to KO at One Coca-Cola Plaza, Atlanta Georgia, 30313, United States and/or any financial
institutions or brokers involved in the management and administration of the Plan. The Recipient further understands that any of
these entities may store the Recipient’s Data for purposes of administering his or her participation in the Plan.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00240-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00240-of-00352.parquet"}]]