Document:

Exhibit 4.1

 

Dated [to be dated immediately prior to date of prospectus] 2012

 

 

THE COCA-COLA EXPORT CORPORATION

 

BARLAN INC.

 

ATLANTIC INDUSTRIES

 

COCA-COLA OVERSEAS PARENT LTD

 

REFRESHMENT PRODUCT SERVICES INC.

 

CCHBC GROUPING, INC.

 

AND

 

KAR-TESS HOLDING

 

 

 

SHAREHOLDERS’ AGREEMENT

in respect of COCA-COLA HBC AG

 

 

 

CLEARY GOTTLIEB STEEN & HAMILTON LLP

 

City Place House,

55 Basinghall Street,

London EC2V 5EH

 

31053-015

 

 

TABLE OF CONTENTS

 

	
 
    	
 
    	
Page
    
	
 
    	
 
    	
 
    
	
1.
    	
DEFINITIONS   AND INTERPRETATION
    	
2
    
	
 
    	
 
    	
 
    
	
2.
    	
PROCEDURAL   MATTERS: EXERCISE OF POWERS
    	
6
    
	
 
    	
 
    	
 
    
	
3.
    	
TRANSFER,   ACQUISITION OR ISSUANCE OF SHARES
    	
6
    
	
 
    	
 
    	
 
    
	
4.
    	
BOARD OF   DIRECTORS
    	
8
    
	
 
    	
 
    	
 
    
	
5.
    	
RIGHTS AS   SHAREHOLDERS
    	
11
    
	
 
    	
 
    	
 
    
	
6.
    	
REPRESENTATION   AND WARRANTIES
    	
12
    
	
 
    	
 
    	
 
    
	
7.
    	
TERMINATION
    	
13
    
	
 
    	
 
    	
 
    
	
8.
    	
MISCELLANEOUS
    	
14
    

 

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THIS DEED is made on                               2012

 

BETWEEN:

 

(1)                                 THE COCA-COLA EXPORT CORPORATION, a company incorporated in [·] with registered number [·] whose registered office is at [·];

 

(2)                                 BARLAN INC, a company incorporated in [·] with registered number [·] whose registered office is at [·];

 

(3)                                 ATLANTIC INDUSTRIES, a company incorporated in [·] with registered number [·] whose registered office is at [·];

 

(4)                                 COCA-COLA OVERSEAS PARENT LTD, a company incorporated in [·] with registered number [·] whose registered office is at [·];

 

(5)                                 REFRESHMENT PRODUCT SERVICES INC, a company incorporated in [·] with registered number [·] whose registered office is at [·];

 

(6)                                 CCHBC GROUPING, INC. a company incorporated in [·] with registered number [·] whose registered office is at [·]; and

 

(7)                                 KAR-TESS HOLDING a company incorporated in [·] with registered number [·] whose registered office is at [·].

 

WHEREAS:

 

(A)                               Prior to the date hereof, the KO Group (as defined below) and Kar-Tess (as defined below) held, directly or indirectly, approximately 23.2% and 23.3% respectively of the issued share capital of Hellenic (as defined below).

 

(B)                               The Shareholders (as defined below) are parties to the Hellenic Shareholders’ Agreement (as defined below) for the purposes of regulating certain aspects of the governance of Hellenic and their relationship with each other in respect of Hellenic. The parties have, on or about the date hereof, entered into a side letter to terminate the Hellenic Shareholders’ Agreement with effect on and from Completion (as defined below).[Note: side letter to be drafted]

 

(C)                               On or about the date hereof, the Company (as defined below) has commenced a share exchange offer for the existing shares in Hellenic (excluding for these purposes any Greek statutory sell-out or Greek statutory buy-out procedure, the “Share Exchange Offer”) and has applied for admission of the Company’s shares to the premium listing segment of the Official List of the UK Listing Authority and to trading on the regulated market of the London Stock Exchange plc and with effect from the completion of the Share Exchange Offer (“Completion”) it is intended that the Company will become the parent company of Hellenic and the ultimate holding company of the CCH Group (as defined below).  Upon Completion, it is expected that the KO Group and Kar Tess will hold, directly or indirectly, up to approximately 25.8% and 25.9% respectively of the issued share capital of Hellenic.  The Company intends to implement a non-pre-emptive offering of new shares (the “Equity Offering”) within the 2 year period from Completion for the purposes of refinancing indebtedness incurred by the Company in order to effect the Share Exchange Offer

 

 

and to satisfy any cash consideration required to be paid by the Company in accordance with Greek compulsory acquisition procedures.

 

(D)                               The CCH Group’s business is principally engaged in producing, selling and distributing non-alcoholic ready-to-drink beverages, under bottlers’ agreements with The Coca-Cola Company, operating in 28 countries.

 

(E)                                The Shareholders have agreed to enter into this Deed for the purpose of regulating certain aspects of their relationship with each other in respect of the Company.

 

IT IS AGREED as follows:

 

1.                                      DEFINITIONS AND INTERPRETATION

 

In addition to other words and terms defined elsewhere in this Deed, the following terms shall have the meanings set forth below, which meanings shall be applicable to both the singular and plural forms of the terms defined:

 

“Affiliate” of, or a Person “Affiliated” with a specified Person, means:

 

(a)                                 in relation to a Person (other than an individual or a limited partnership), a Person that directly or indirectly Controls or is Controlled by or is under common Control with, the Person specified;

 

(b)                                 in relation to a limited partnership, the general partner of that limited partnership; and

 

(c)                                  in relation to an individual, a Person who would be connected with that individual for the purposes of section 252 of the Companies Act if that individual was a director of a company;

 

“Articles” means the Articles of Association of the Company as in force at any given time;

 

“Board of Directors” means the Company’s Board of Directors;

 

“Business Day” means any day (excluding a Saturday or Sunday or public holiday) on which banks are open for general commercial business in London and Zurich;

 

“CCH Group” means the Company and its subsidiaries from time to time, including Hellenic;

 

“Companies Act” means the Companies Act 2006 of the United Kingdom;

 

“Company” means Coca-Cola HBC AG, a company incorporated as a stock corporation (Aktiengesellschaft) under the laws of Switzerland, registered in Switzerland with registered number CH-170.3.037.199-9 and whose registered office is at Baarerstrasse 14, 6300 Zug, Switzerland;

 

“Continuing Rights and Obligations” means the provisions in Clause 2 (Definitions and Interpretation”), Clause 7 (Representations and Warranties), Clause 8 (Termination) and Clause 9 (Miscellaneous);

 

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“Control” (including, with correlative meanings, the terms “Controlled by” and “under common Control with”) in relation to a body corporate means either:

 

(a)                                 the power to direct the management and policies of that body corporate directly or indirectly whether through the ownership of voting securities, by contract or otherwise; or

 

(b)                                 the right to the beneficial interest in the distribution of profits of the body corporate of more than 50%;

 

“Deed of Adherence” means a deed of adherence substantially in the form set out in Schedule 1;

 

“Encumbrance” means:

 

(a)                                 any mortgage, charge, lien, pledge or other encumbrance securing any obligation of any Person;

 

(b)                                 any option, right to acquire, right of pre-emption, right of set-off or other arrangement under which money or claims to, or for the benefit of, any Person may be applied or set off so as to effect discharge of any sum owed or payable to any Person; or

 

(c)                                  any equity, assignment, hypothecation, title retention, claim, restriction, power of sale or other type of preferential arrangement the effect of which is to give a creditor in respect of indebtedness a preferential position in relation to any asset of a Person on any insolvency proceeding of that Person;

 

“Governmental Entity” means any supra-national, national, state, municipal or local government (including any sub-division, court, administrative agency, commission or other authority thereof) or private body exercising any regulatory, taxing, importing or quasi-governmental authority;

 

“Hellenic” means Coca-Cola Hellenic Bottling Company S.A., a company incorporated in Greece with registered number [13630/06/B/86/49] whose registered office is at [Fragoklissias Street, 151 25 Maroussi, Athens, Greece];

 

“Hellenic Shareholders’ Agreement” means the amended and restated shareholders’ agreement entered into by the Shareholders in relation to Hellenic on 19 December 2008;

 

“Kar-Tess” means Kar-Tess Holdings and any Affiliate of Kar-Tess to whom Shares are Transferred after the date hereof in accordance with Clause 3.3, and any successors and assigns of the foregoing;

 

“Kar-Tess Directors” means the directors of the Company proposed by Kar-Tess pursuant to Clause 5.1(a)(iii);

 

“KO Directors” means the directors of the Company proposed by the KO Group pursuant to Clause 5.1(a)(ii);

 

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“KO Group” means The Coca-Cola Export Corporation, Barlan Inc. Atlantic Industries, Coca-Cola Overseas Parent Ltd, Refreshment Product Services Inc. and CCHBC Grouping, Inc, and any Affiliate of the KO Group to whom Shares are Transferred after the date hereof in accordance with Clause 3.3, and any successors and assigns of the foregoing, and “member of the KO Group” shall be construed accordingly;

 

“Law” means any statute, law, subordinate legislation, constitutional provision, code, regulation, ordinance, instrument, bylaw, rule, judgment, decision, order, writ, injunction, decree, permit, concession, grant, directive, binding guideline or policy, requirement of, or other governmental restriction of or determination by, any Governmental Entity or any official interpretation of any of the foregoing by any Governmental Entity;

 

“Nomination Committee” means the committee formed pursuant to the Organizational Regulations for, among other things, the nomination of directors;

 

“Organizational Documents” means, together, the Articles and the Organizational Regulations;

 

“Organizational Regulations” means the Organizational Regulations of the Company as in force at any given time;

 

“Parties” means the parties to this Deed;

 

“Person” means and includes any individual, firm, company or other body corporate, government, state or agency of a state, local or municipal authority or government body or any joint venture, association or partnership (whether or not having separate legal personality);

 

“Shareholder Directors” means the Kar-Tess Directors and KO Directors collectively and “Shareholder Director” shall be construed accordingly;

 

“Shareholders” means, together, Kar-Tess and the KO Group, and “Shareholder” shall be construed accordingly;

 

“Shares” means all of the issued and outstanding shares of the Company, and any shares which the Company may hereafter authorize and issue, including subscription and other purchase rights relative to any such shares and all securities and obligations convertible into such shares, in each case whether now or hereafter issued;

 

“Supermajority Matter” means each of the matters listed in Clause 4.3, and all such matters together being the “Supermajority Matters”;

 

“TCCC” means The Coca-Cola Company; and

 

“Transfer” in relation to a Share includes whether directly or indirectly:

 

(a)                                 a sale, assignment or transfer;

 

(b)                                 creating or permitting to subsist any Encumbrance;

 

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(c)                                  creating any trust or conferring any interest;

 

(d)                                 any agreement, arrangement or understanding in respect of votes or the right to receive dividends;

 

(e)                                  the renunciation or assignment of any right to subscribe or receive a Share or any legal or beneficial interest in a Share;

 

(f)                                   any agreement to do any of the above, except an agreement to transfer Shares which is conditional on compliance with the terms of this Deed; and

 

(g)                                  the transmission of Shares by operation of Law,

 

and the verb “to Transfer” shall be construed accordingly.

 

1.1                               In construing this Deed, unless otherwise specified:

 

(a)                                 a reference to any statute or statutory provision shall be construed as a reference to the same as has been or may from time to time be, amended, modified or re-enacted and to any subordinate legislation from time to time made under the relevant statute or statutory provision (as amended, modified or re-enacted) except to the extent that any amendment or modification made after the date of this Deed would increase or alter the liability of the Shareholders under the warranties;

 

(b)                                 a reference to any English legal term for any action, remedy, method of judicial proceeding, legal document, legal status, court, official or any legal concept or thing shall in respect of any jurisdiction other than England be treated as a reference to any analogous term in that jurisdiction;

 

(c)                                  the rule known as the ejusdem generis rule shall not apply and accordingly general words introduced by the word “other” shall not be given a restrictive meaning by reason of the fact that they are preceded by words indicating a particular class of acts, matters or things and general words shall not be given a restrictive meaning by reason of the fact that they are followed by particular examples intended to be embraced by the general words; and

 

(d)                                 references to the words “include” and “including” are illustrative, do not limit the sense of the words preceding them and shall be deemed to include the expression “without limitation”.

 

2.                                      CONDITIONS

 

2.1                               Conditions Precedent

 

Subject as provided in Clause 2.2, the obligations of the Parties shall be conditional in all respects upon settlement of the Share Exchange Offer.

 

2.2                               Conditions not satisfied

 

If settlement of the Share Exchange Offer does not occur on or before [·] 2013 (or such later date as the Parties may agree) this Agreement shall lapse and be of no

 

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further force and effect and no party shall have any claim hereunder against any other party.

 

3.                                      PROCEDURAL MATTERS: EXERCISE OF POWERS

 

3.1                               General Undertakings and Agreements of the Shareholders

 

Each Shareholder agrees to:

 

(a)                                 at all times exercise or cause to be exercised its voting and other rights and vote its Shares in a manner that is consistent with applicable Law and is not contrary to the provisions of this Deed or the Organizational Documents, and

 

(b)                                 to procure that all persons under their respective Control shall refrain from acting in a manner which may hinder or prevent giving full effect to this Deed, to the extent permitted by applicable Law and by the Organizational Documents.

 

3.2                               Amendments to Organizational Documents

 

To the extent that the Organizational Documents are inconsistent with the provisions of this Deed, the Shareholders agree to take all actions within their reasonable control necessary to effect such amendments to the Organizational Documents as may be reasonably necessary or appropriate to give full effect to the provisions of this Deed, or to remove any ambiguity or conflict between the terms of this Deed and those of the Organizational Documents, in each case to the extent permitted under applicable Law.

 

4.                                      TRANSFER, ACQUISITION OR ISSUANCE OF SHARES

 

4.1                               Restrictions on Transfer

 

(a)                                 Except as provided in Clause 4.2, no Shareholder shall Transfer its beneficial interest in or legal ownership of any of its Shares, where as a result:

 

(i)            the Shareholders’ aggregate ownership interest in the Company will no longer exceed: forty four percent (44%), from the date of this Deed to 31 December 2013 inclusive; and forty percent (40%), after 31 December 2013; or

 

(ii)           each of Kar-Tess’ and the KO Group’s respective aggregate ownership interest in the Company will no longer exceed: twenty two percent (22%), from the date of this Deed to 31 December 2013 inclusive; and twenty percent (20%), after 31 December, 2013,

 

provided, however, that until whichever is the later of (i) the date the Company holds, directly or indirectly, one hundred percent (100%) of the issued share capital of Hellenic and (ii) the date of completion of the Equity Offering, each figure expressed as a percentage in Clauses 4.1(a)(i) and (ii) shall be deemed to be equal to the quotient determined by dividing such percentage by the percentage of the issued share capital of Hellenic acquired,

 

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directly or indirectly, by the Company for share consideration pursuant to the Share Exchange Offer.

 

4.2                               Sale of Shares

 

(a)                                 Subject to Clause 4.2(d), in the event that either Shareholder wishes to Transfer Shares to a third party or third parties so that the Shareholders’ or such Shareholder’s aggregate ownership interest in the voting securities of the Company will no longer exceed the relevant thresholds specified in Clause 4.1(a), such transfer shall be contingent on:

 

(i)            the prior written consent of the non-transferring Shareholder being obtained; and

 

(ii)           agreement being reached between the Shareholders on arrangements to ensure that the Shareholders can continue to exercise their voting rights and other rights and obligations as contemplated in this Deed.

 

(b)                                 The Shareholders agree to negotiate in good faith to reach such an agreement.

 

(c)                                  The Shareholders also agree that the non-transferring Shareholder shall not unreasonably refuse to accept a proposal from the transferring Shareholder for such an agreement.

 

(d)                                Notwithstanding the provisions of Clauses 4.2(a), (b) and (c), the non-transferring Shareholder shall have absolute and sole discretion in deciding whether or not to consent to any Transfer of Shares by the transferring Shareholder that would result in any Person or group, directly or indirectly, being the holder of an aggregate beneficial ownership interest in the Company in excess of thirty percent (30%); provided that this Clause 4.2(d) shall not apply to (i) any Transfer resulting from a merger (either by absorption or combination) of the Company with or into another company or any other business combination having substantially similar economic effect, in each case that is approved by the shareholders of the Company in compliance with the terms of this Agreement and the Articles or (ii) any Transfer that is made in connection with a holding company reorganization in which the new holding company would acquire 90% or more of the Shares and the shareholders of new holding company following completion of the transaction would consist solely of persons who held Shares (and with the same relative ownership interests as) immediately prior to such transaction  (for the avoidance of doubt, Clauses 4.2(a), (b) and (c) shall apply to any Transfer in connection with any transaction described in this proviso).

 

4.3                               Permitted Transfers

 

(a)                                 Nothing in this Clause 4 shall affect the ability of any Shareholder to Transfer Shares to an Affiliate of such Shareholder, provided that such Affiliate immediately becomes a party to this Deed pursuant to a duly executed Deed of Adherence, in which case the Shares held by such Affiliate shall be counted for purposes of the percentages and calculations hereunder.

 

(b)                                 Transfers of Shares to an Affiliate shall be subject to the Affiliate irrevocably undertaking with the original Shareholder under the Deed of Adherence to which it becomes a party that it shall Transfer, in accordance with this Deed, all the Shares held by it to such original Shareholder or an Affiliate thereof before it ceases to be an Affiliate of such original Shareholder.

 

(c)                                  Each Shareholder shall procure that all Affiliates in relation to which it is the transferor comply with the terms of this Deed.

 

(d)                                 Each Person that is a member of the KO Group and any KO Group Affiliate which becomes a party to this Deed accepts joint and several liability for any breach of this Deed by any member of the KO Group or any other KO Group Affiliate which becomes a party to this Deed.  Any Kar-Tess Affiliate which becomes a party to this Deed accepts joint and several liability for any breach of this agreement by Kar-Tess or by any other Kar-Tess Affiliate which becomes a party to this Deed.

 

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4.4                               Transfer of Shares

 

(a)                                 The KO Group hereby agrees to give notice in writing to Kar-Tess at least 10 Business Days in advance of any proposed Transfer of the Company’s Shares by or to any of the entities comprising the KO Group or by or to any of the Affiliates of the KO Group, and Kar-Tess hereby agrees to give notice in writing to the KO Group at least 10 Business Days in advance of any proposed Transfer of the Company’s Shares by or to Kar-Tess or by or to any of the Affiliates of Kar-Tess. Notwithstanding the preceding sentence, any KO Group Shareholder may transfer Company shares to any other KO Group Shareholder or to any KO Group Affiliate and Kar-Tess may transfer Company Shares to any Kar-Tess Affiliate, without advance notice.

 

(b)                                 Save as required by applicable Law or regulation, each Shareholder agrees not to disclose, directly or indirectly, to any third party any confidential or non-public information communicated pursuant to this Clause 4.4, except as permitted by Clause 9.2(b).

 

5.                                      BOARD OF DIRECTORS

 

5.1                               Composition and Shareholder Nominees

 

(a)                                 Each Shareholder undertakes to exercise its respective voting rights in the Company, and to procure that any Shareholder Director selected for nomination by it exercises his or her voting rights on the Board of Directors or the Nomination Committee (subject to his or her statutory and other fiduciary duties), and to use all other reasonable endeavours, to procure that:

 

(i)            the Board of Directors shall consist of no more than  thirteen (13) members;

 

(ii)           the KO Group shall be entitled to select two (2) individuals for recommendation by the Nomination Committee and subsequent nomination by the Board of Directors for election to the Board of Directors by the Company’s shareholders;

 

(iii)          Kar-Tess shall be entitled to select four (4) individuals for recommendation by the Nomination Committee and subsequent nomination by the Board of Directors for election to the Board of Directors by the Company’s shareholders;

 

(iv)          the Nomination Committee shall recommend up to seven (7) additional individuals for subsequent nomination by the Board of Directors for election to the Board of Directors by the Company’s shareholders; and

 

(v)           the individuals selected by the KO Group and Kar-Tess pursuant to Clause 5.1(a) (i) and (ii), respectively, are elected to the Board of Directors by the Company’s shareholders.

 

(b)                                 Each Shareholder further undertakes to exercise its voting rights in the Company, and to procure that any Shareholder Director selected for nomination by it exercises his or her voting rights on the Board of Directors or the Nomination Committee (subject to his or her statutory and other fiduciary

 

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duties), and to use all other reasonable endeavours, to procure that the Nomination Committee shall consist of five (5) members:

 

(i)            one (1) of whom shall be a KO Director;

 

(ii)           one (1) of whom shall be a Kar-Tess Director; and

 

(iii)          three (3) of whom shall be independent Directors recommended by the Nomination Committee and approved by the Board of Directors.(1)

 

(c)                                  If the size of the Board of Directors or Nomination Committee changes, each Shareholder undertakes to exercise its respective voting rights in the Company, and to procure that any Shareholder Director nominated by it exercises his or her voting rights on the Board of Directors (subject to his or her statutory and other fiduciary duties), and to use all other reasonable endeavours, to procure that the proportion of appointments of the Shareholder Directors in such new Board of Directors shall reflect the proportions set out in 5.1(a) above.

 

(d)                                 Either Shareholder may at any time and in its sole and absolute discretion by notice in writing to the other terminate the nomination of any Shareholder Director nominated by it and propose another individual for selection by the Nomination Committee in his place and the other Shareholder shall join in procuring (so far as they are able and as permitted by applicable Law) that such action is taken as may be necessary under the Organizational Documents to effect the removal or replacement of the Shareholder Director concerned from consideration by the Nomination Committee.

 

(e)                                  The Shareholders shall ensure that in case of a tied vote of the Board of Directors, the Chairman of the Board of Directors shall have the casting and deciding vote.

 

5.2                               Vacancy

 

At any time when a vacancy occurs on the Board of Directors in respect of a Shareholder Director:

 

(a)                                 the Shareholder who had originally selected that Shareholder Director shall have the exclusive right to select a new candidate as a replacement, for nomination by the Nomination Committee and subsequent nomination by the Board of Directors for election to the Board of Directors by the Company’s shareholders; and

 

(b)                                 each Shareholder undertakes to exercise its voting rights in the Company, and to procure that any Shareholder Director selected for nomination by it exercises his or her voting rights on the Board of Directors or the Nomination Committee (subject to his or her statutory and other fiduciary duties), and to use all other reasonable endeavours, to procure that the individuals selected

 

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pursuant to Clause 5.2(a) are elected to the Board of Directors by the Company’s shareholders.

 

5.3                               Special Quorum Rules and Supermajority Provisions.

 

The Shareholders undertake to exercise their respective voting rights in the Company, and to procure that any Shareholder Director respectively nominated by them exercises his or her voting rights on the Board of Directors (subject to his or her statutory and other fiduciary duties), and to use all other reasonable endeavours, to procure that the Organizational Regulations provide that decisions with respect to the CCH Group on the following matters shall require a quorum of eight (8) directors and a positive vote by a two-thirds majority of the directors present and entitled to vote:

 

(a)                                 engaging in any business other than the bottling of beverages and any business incidental thereto;

 

(b)                                 incurring, issuing, guaranteeing or assuming any indebtedness or the approval of capital expenditures in excess of EUR 30,000,000 (or the equivalent amount of another currency);

 

(c)                                  entering into any agreement, arrangement or contract involving payments or other consideration in excess of EUR 30,000,000 (or the equivalent amount of another currency);

 

(d)                                 sale, lease, exchange, transfer or otherwise disposing, directly or indirectly, in a single transaction or a series of transactions of all or substantially all of the assets of the Company, or any sale of a majority of the value of the assets of the Company, in each case, when such disposition is not in the ordinary course of business (unless such sale is undertaken in connection with, or as a part of , a sale-lease back transfer);

 

(e)                                  appointment or dismissal of the chief executive of the Company;

 

(f)                                   approval of the annual budget,  provided that if no new annual budget is approved, the prior year’s budget, adjusted for inflation, will be used in place of the new annual budget until the new annual budget is approved;

 

(g)                                  approval of any annual business plan submitted by Company management;

 

(h)                                 any amendment to the list of Supermajority Matters in the Organizational Regulations;

 

(i)                                     any modification to the quorum or majority voting requirements for approving a Supermajority Matter;

 

(j)                                    any change to the size of the Board of Directors; and

 

(k)                                 any change to the size or composition (as described in Clause 5.1(b)) of the Nomination Committee.

 

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5.4                               Shareholder Consultation

 

(a)                                 The Shareholders agree that, before any meeting of the Board of Directors at which a Supermajority Matter will be considered, or following the circulation of any proposed written resolution of the Board of Directors concerning a Supermajority Matter, their representatives will meet to discuss the proposal in an attempt to reach an agreed position.

 

(b)                                 In the event that:

 

(i)            either Shareholder states its opposition to any such proposal in respect of a Supermajority Matter, the other Shareholder shall procure that any Shareholder Director selected by it for nomination by it from time to time shall (subject to his or her statutory and other fiduciary duties) exercise his or her voting rights and other powers and authorities in order (insofar as they are able to do so through the exercise of such rights, powers and authorities) to oppose such proposal; and

 

(ii)           the Shareholders have reached an agreed position on a proposal in respect of a Supermajority Matter, the Shareholders shall procure that any Shareholder Director selected by it for nomination by it from time to time shall (subject to his or her statutory and other fiduciary duties) exercise his or her voting rights and other powers and authorities in order (insofar as they are able to do so through the exercise of such rights, powers and authorities) to give effect to such agreed position (for the avoidance of doubt, such agreed position may or may not include a modification to the original proposal).

 

6.                                      RIGHTS AS SHAREHOLDERS

 

6.1                               Matters Requiring a Majority Vote of Shareholders.

 

(a)                                 The Shareholders shall take all necessary actions to procure that the following matters shall require approval by a majority of two thirds (2/3) of the voting rights represented and an absolute majority of the nominal value of shares in the Company represented at a meeting of shareholders of the Company (or such higher percentage as may be required under the Organizational Documents or applicable Law):

 

(i)            modifications to the Articles;

 

(ii)           increase or decrease to the capital of the Company; and

 

(iii)          the merger (either by absorption on combination) of the Company with or into another company or any other business combination having substantially similar economic effect; provided that the enterprise value of such other company exceeds 25% of the Company’s enterprise value; and

 

(iv)          modifications to the quorum or majority voting requirements specified in the Organizational Regulations for approving any Supermajority Matters, or modifications to the list of Supermajority Matters.

 

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(b)                                 The Shareholders shall take all necessary actions to procure that the following matters shall require approval by a majority of 80% of the voting rights outstanding and exercisable in accordance with applicable Law and the Articles, and an absolute majority of the nominal value of shares in the Company represented at a meeting of shareholders of the Company (or such higher percentage as may be required under the Organizational Documents or applicable Law):

 

(i)            the liquidation or dissolution of the Company; and

 

(ii)           any amendment to the Articles in respect of the quorum or majority voting requirements for the matters specified in Clause 6.1(b)(i).

 

6.2                               Shareholder Consultation.

 

The Shareholders agree that, before any meeting of shareholders of the Company at which a matter listed in Clause 6.1 above will be considered, their representatives will meet to discuss the proposed action.  In the event that either Shareholder states its opposition to a proposal in respect of a matter listed in Clause 6.1 above, the other Shareholder shall vote its shares in the Company in opposition to that proposal.

 

7.                                      REPRESENTATION AND WARRANTIES

 

7.1                               Representations and Warranties.

 

Each Shareholder represents and warrants for itself or its members (as applicable) to the other Shareholder that, as of the date of this Deed by reference to the facts and circumstances subsisting on the date of this Deed:

 

(a)                                 Power and Organization

 

(i)            it is duly organized or incorporated (as applicable), validly existing and in good standing and registered under the Laws of its jurisdiction of organization or incorporation (as applicable);

 

(ii)           it has the requisite capacity, power and authority to enter into this Deed and to perform its obligations under this Deed;

 

(iii)          the execution, delivery and performance of this Deed by it have been duly authorized by all necessary action;

 

(iv)          when executed, this Deed constitutes a legal, valid and binding obligation of it, enforceable in accordance with its terms, subject to applicable Law; and

 

(v)           the entry into and performance of its obligations under this Deed does not:

 

(A)          violate or constitute a default (with or without the lapse of time) under its organizational documents or under any material indenture, mortgage, deed of trust, or other instrument, any

 

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contractual covenant or any restriction to which it is a party or by which it or its assets are bound; or

 

(B)          violate any provision of any Law to which it is subject or by which its assets may be bound or result in a breach of any order, judgment or decree of any Governmental Entity by which it is bound or by which it or its assets may be bound.

 

(b)                                 No Litigation.

 

There are no actions, suits, or proceedings pending or, to its knowledge, threatened against it or any of its Affiliates in any court or by or before any Governmental Entity in which an adverse decision could be reasonably expected to materially and adversely affect the ability of the Shareholder or its Affiliates to perform its obligations under this Deed.

 

7.2                               Survival of Representations.

 

The representations and warranties of the Parties made pursuant to this Clause 7 regarding the position in effect at the time of execution and delivery of this Deed shall survive the consummation of the transactions contemplated herein.  Each Party shall be entitled to rely on such representations and warranties made at the date hereof after the execution of this Deed until the termination of this Deed in accordance with Clause 8.

 

8.                                      TERMINATION

 

8.1                               This Deed shall terminate, save for the Continuing Rights and Obligations, which will continue to apply, and the Shareholders shall be released of their respective obligations hereunder, without prejudice to any rights or liabilities arising under this Deed prior to such termination:

 

(a)                                 at such time as the Shareholders agree in writing to terminate this Deed;

 

(b)                                 upon notice to the other Shareholder of a Shareholder’s election to terminate this Deed in accordance with Clause 8.3; or

 

(c)                                  if the Company ceases to exist,

 

provided however, that notwithstanding any termination of this Deed, for as long as Kar-Tess or any entities comprising the KO Group are shareholders of the Company, Kar-Tess and such entities shall vote their respective shares against any proposal to liquidate or dissolve the Company unless the KO Group and Kar-Tess have otherwise agreed.

 

8.2                               This Deed shall have an initial term expiring on 31 December 2013 and, provided that neither Party shall have terminated this Deed due to a breach by the other Party, shall renew for a further five-year term expiring on 31 December 2018 without further action by the Parties.  Either Shareholder may terminate this Deed upon three months’ prior written notice to the other Shareholder providing for termination at any time

 

13

 

after 31 December 2018.  The Parties acknowledge that any waiver of the provisions of this Clause 8.2 must be expressly stated in writing executed by all Parties.

 

8.3                               In the event that a Shareholder breaches this Deed the other Shareholder shall be entitled to terminate this Deed with immediate effect.

 

9.                                      MISCELLANEOUS

 

9.1                               Further Assurances

 

(a)                                 The Shareholders hereby covenant and agree that they shall execute and deliver such further and other instruments, agreements and writings and do and perform and cause to be done and performed, such further and other acts and things that may be necessary or desirable in order to give full effect to this Deed and every part of it.

 

(b)                                 Each Shareholder undertakes that it will:

 

(i)            exercise its voting rights and other rights as a shareholder of the Company in order (insofar as it is able to do so through the exercise of such rights) to give full effect to the terms of this Deed and the rights and obligations of the Parties as set out herein;

 

(ii)           procure that any Shareholder Director selected by it for nomination from time to time (subject to his or her statutory and other fiduciary duties) exercise his or her voting rights and other powers and authorities in order (insofar as they are able to do so through the exercise of such rights, powers and authorities and as permitted by applicable Law) to give full effect to the terms of this Deeds and the rights and obligations of the Parties as set out herein; and

 

(iii)          to the extent to which it is able to do so by applicable Law, to procure that the Company will comply with each of the provisions of this Deed.

 

9.2                               Confidentiality

 

(a)                                 Each Party shall keep confidential the terms of this Deed and the transactions contemplated by it and shall not make any disclosure relating to or the transactions contemplated by it.

 

(b)                                 Clause 9.2(a) shall not prohibit the disclosure of any information if and to the extent that:

 

(i)            the information is in or enters into the public domain other than by a breach of this Deed;

 

(ii)           it is required by applicable Law or by a court of competent jurisdiction or by any governmental, supervisory or regulatory authority;

 

(iii)          any information is subject to a contractual obligation entered into before the date of this Deed; or

 

14

 

(iv)          the disclosure of information is made by a Shareholder to its Affiliates, directors, employees or professional advisers.

 

9.3                               Binding Effect

 

All of the terms, provisions and conditions of this Deed shall be binding upon and, subject to any applicable restriction on transfer contained herein, inure to the benefit of the Shareholders hereto and their respective successor and assigns.

 

9.4                               Notices

 

Any notices or communications required or permitted hereunder shall be in writing and shall be delivered by hand, international courier, or facsimile addressed as follows:

 

	
If to the KO   Group:
    	
 
    	
The Coca-Cola   Company

 One Coca-Cola Plaza

Atlanta,   Georgia 30313

USA

Attn: Chief   Financial Officer

And General   Counsel
    
	
 
    	
 
    	
Facsimile:

 
    	
00 1 404 676   8621 and

00 1 404 676   7580
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
[Note:  Details to be updated]
    
	
 
    	
 
    	
 
    
	
If to   Kar-Tess:
    	
 
    	
Kyriakides   Georgopoulos & Daniolos Issaias Law Firm

28 Dimitriou   Soutsou Street

11521 Athens

 Greece

Facsimile: 00   30 210 6856 657

Attn:  Leonidas Georgopoulos

 

[Note:  Details to be updated]
    

 

Either Shareholder may, on fifteen (15) days’ notice given in accordance with this Clause 9.4 the other Shareholder, designate another address or Person for receipt of notices hereunder.

 

Notices and communications given hereunder shall be deemed to have been received (i) at the time that its receipt is signed for in the case of delivery by hand or by courier or (ii) if delivered by fax, at the time that a transmission report is generated by the sender’s fax machine confirming that all pages were successfully transmitted to the number set out above.

 

9.5                               Entire Agreement

 

This Deed constitutes the entire agreement of the Shareholders with respect to the subject matter hereof, and supersedes all previous agreements by and between the Shareholders, as well as all proposals, oral or written, and all negotiations,

 

15

 

conversations or discussions heretofore had between the Shareholders related to this Deed and the subject matter hereof.

 

9.6                               Amendment

 

This Deed shall not be deemed or construed to be modified, amended, rescinded, cancelled or waived, in whole or in part, except by written amendment signed by all Shareholders hereto.

 

9.7                               Severability

 

In the event that any of the terms of this Deed are in conflict with any rule of law or statutory provision or are otherwise held to be unenforceable under applicable Law, such terms shall be deemed stricken form this Deed and shall be replaced by a legal and valid provision that as nearly possible achieves the purpose and effect of the provision declared invalid.   Any finding of invalidity or unenforceability shall not invalidate any of the other terms of this Deed and this Deed shall continue in force, unless the invalidity or unenforceability of any such provisions hereof, notwithstanding any substitute provision as described above, does substantial violence to, or where the invalid or unenforceable provisions comprise an integral part of, or are otherwise inseparable from, the remainder of this Deed.

 

9.8                               Waiver

 

No failure by any Shareholder to take any action or assert any right, power, or remedy provided by applicable Law or under this Deed shall be deemed to be a waiver or such right, power, or remedy nor shall any partial exercise thereof preclude any further exercise of the same or of some other right, power or remedy. The rights and remedies provided under this Deed are cumulative and are not exclusive of any rights and remedies provided by applicable Law or otherwise.

 

9.9                               Remedies

 

The Shareholders acknowledge and agree that damages alone would not provide an adequate remedy for any breach of the provisions of this Deed and therefore, without prejudice to any and all other rights and remedies a Shareholder may have (including, but not limited to, damages), each Shareholder shall be entitled without proof of special damage to the remedies of injunction, specific performance and other equitable relief for any threatened or actual breach of such provisions.

 

9.10                        Counterparts and Governing Version

 

This Deed may be executed in two or more counterparts in the English language but shall not be effective until all Parties have executed at least one counterpart.  Each such counterpart shall be deemed an original hereof and all counterparts shall together constitute a single agreement.  In case of any conflict between the English version and any translated version of this Deed, the English version shall govern.

 

16

 

9.11                        Governing Law

 

The construction, validity and performance of this Deed and any non-contractual obligations arising out of or in connection with it shall be governed by and construed in accordance with the laws of England without giving effect to the conflicts of law rules thereunder.

 

9.12                        Arbitration.

 

Any dispute, controversy or claim arising out of, relating to, or in connection with this Deed, or the performance, breach, termination or validity thereof, shall be finally resolved by arbitration administered by the London Court of International Arbitration (“LCIA”) in accordance with the London Court of International Arbitration Rules (the “Rules”) in effect at the time of the arbitration, which Rules are deemed to be incorporated by reference into this clause except as they may be modified herein or by mutual agreement of the Parties.

 

(a)                                 The number of arbitrators shall be three.

 

(b)                                 The seat of the arbitration shall be London in the United Kingdom.

 

(c)                                  The arbitration shall be conducted in the English language.

 

(d)                                 By agreeing to arbitration, the Parties do not intend to deprive any court of competent jurisdiction of its ability to issue any form of provisional remedy, including a preliminary injunction or attachment in aid of the arbitration, or order any interim or conservatory measure. A request for such provisional remedy or interim or conservatory measure by a Party to a court shall not be deemed a waiver of this agreement to arbitrate.

 

(e)                                  The arbitral award shall be in writing, state the reason for the award and be final and binding on the parties.  Judgment on the award may be entered in any court of competent jurisdiction, and may include an award of costs, including reasonable attorney’s fees and disbursements.  All amounts payable under the award shall be in U.S. dollars and shall bear interest from the date of the award until the date of payment at a rate to be fixed by the arbitrators.

 

(f)                                   The parties agree to keep confidential all awards in their arbitration, together with all materials in the proceedings created for the purpose of the arbitration and all other documents produced by another party in the proceedings not otherwise in the public domain, save and to the extent that disclosure may be permitted by Clause 9.2(b)(ii) or (iv), to protect or pursue a legal right or to enforce or challenge an award in bona fide legal proceedings before a court of competent jurisdiction.

 

9.13                        No Partnership.

 

None of the provisions of this Deed shall be deemed to constitute a partnership between the Shareholders and neither Shareholder shall have the authority to bind the other in any way.

 

17

 

9.14                       No Assignment.

 

Without prejudice to the ability of the Shareholders to Transfer Shares pursuant to this Deed, no Shareholder may assign or transfer or propose to assign or transfer its rights or interest under this Deed without the prior written consent of the other Shareholders.

 

9.15                        Third Party Rights

 

The Parties do not intend any term of this Deed should be enforceable by virtue of the Contracts (Rights of Third Parties) Act 1999, by any Person who has not become a Party to this Deed by executing a Deed of Adherence in accordance with its terms.

 

18

 

IN WITNESS WHEREOF, this Deed has been executed and delivered by the Parties as a DEED on the date and year first above written.

 

 

	
Executed as a   deed by
    	
By:
    	
 
    
	
 
    	
 
    
	
THE   COCA-COLA EXPORT CORPORATION
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    

 

 

	
Executed as a   deed by
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
BARLAN,   INC.
    	
By:
    	
 
    
	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    

 

 

	
Executed as a   deed by
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
ATLANTIC   INDUSTRIES
    	
By:
    	
 
    
	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    

 

19

 

	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    

 

 

	
Executed as a   deed by
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
COCA-COLA   OVERSEAS PARENT LTD
    	
By:
    	
 
    
	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    

 

 

	
Executed as a   deed by
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
REFRESHMENT   PRODUCT SERVICES, INC.
    	
By:
    	
 
    
	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    

 

20

 

	
Executed as a   deed by
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
CCHBC   GROUPING, INC.
    	
By:
    	
 
    
	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    

 

 

	
Executed as a   deed by
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
KAR-TESS   HOLDING
    	
By:
    	
 
    
	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    

 

21

 

SCHEDULE 1 DEED OF ADHERENCE

 

THIS DEED OF ADHERENCE is made on [·]

 

BETWEEN:

 

(1)                                 THE COCA-COLA EXPORT CORPORATION, a company incorporated in [·] with registered number [·] whose registered office is at [·];

 

(2)                                 BARLAN INC, a company incorporated in [·] with registered number [·] whose registered office is at [·];

 

(3)                                 ATLANTIC INDUSTRIES, a company incorporated in [·] with registered number [·] whose registered office is at [·];

 

(4)                                 COCA-COLA OVERSEAS PARENT LTD, a company incorporated in [·] with registered number [·] whose registered office is at [·];

 

(5)                                 REFRESHMENT PRODUCT SERVICES INC, a company incorporated in [·] with registered number [·] whose registered office is at [·];

 

(6)                                 CCHBC GROUPING, INC. a company incorporated in [·] with registered number [·] whose registered office is at [·];

 

(7)                                 KAR-TESS HOLDING a company incorporated in [·] with registered number [·] whose registered office is at [·] (“Kar-Tess”); and

 

(8)                                 a company incorporated in [·] with registered number [·] whose registered office is at [·] (the “New Shareholder”).

 

WHEREAS:

 

(A)                          [·] (the “Transferor”) is proposing to transfer [·] Shares to the New Shareholder, subject to the execution by the New Shareholder of this Deed.

 

(B)                             This Deed is entered into in compliance with the Shareholders’ Deed dated [·] made between Kar-Tess and the KO Group, as such shareholders’ agreement shall have been or may be amended or supplemented from time to time (the “Shareholders’ Deed”).

 

(C)                             Capitalised terms used but not otherwise defined in this Deed shall have the same meaning as in the Shareholders’ Deed.

 

THIS DEED WITNESSES as follows:

 

1.                                      The New Shareholder confirms that it has been supplied with and has read a copy of the Shareholders’ Deed.

 

2.                                      The New Shareholder undertakes (a) to assume the benefit of the rights of the Transferor under the Shareholders’ Deed and (b) to observe, perform and be bound by all the obligations and terms of the Shareholders’ Deed capable of applying to the 

 

22

 

New Shareholder and which are to be performed on or after the date of this Deed, to the intent and effect that the New Shareholder shall be deemed with effect from the date on which the New Shareholder is registered as a shareholder of the Company to be a party to the Shareholders’ Deed (as if named as a party to the Shareholders’ Deed), but without prejudice to such obligations of the Transferor under the terms of the Shareholders’ Deed.

 

3.                                      The New Shareholder irrevocably agrees that it shall transfer to a transferee permitted by the Shareholders’ Deed, in a manner permitted by this Deed and the Shareholders’ Deed, all the Shares held by it before it ceases to be an Affiliate of such Transferor.

 

4.                                      The New Shareholder further irrevocably agrees that its liability for any breach of the Shareholders’ Deed shall be joint and several with the liability of the Transferor and its Affiliates.

 

5.                                      This Deed is made for the benefit of (a) the original Parties to the Shareholders’ Deed and (b) any other person(s) who after the date of the Shareholders’ Deed (and whether prior to or after the date of this Deed) adhere(s) to the Shareholders’ Deed.

 

6.                                      The details of the New Shareholder for the purposes of Clause 9.4 of the Shareholders’ Deed are as follows:

 

	
[Name]
    	
 
    
	
 
    	
 
    
	
[Address]
    	
 
    
	
 
    	
 
    
	
Fax No:
    	
[                           ]
    
	
 
    	
 
    
	
Email   address:
    	
 [                           ]
    
	
 
    	
 
    
	
Contact:
    	
[                            ]
    

 

7.                                      The terms of Clauses 9.2 to 9.15 (inclusive) of the Shareholders’ Deed shall apply to this Deed as if such Clauses were set out mutatis mutandis herein.

 

23

 

IN WITNESS whereof this Deed has been executed and delivered by the Parties as a DEED on the date and year first above written

 

	
Executed a   deed by
    	
By:
    	
 
    
	
 
    	
 
    	
 
    
	
[NEW   SHAREHOLDER]
    	
 
    	
Name:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Title:
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Title:
    

 

 

	
Executed as a   deed by
    	
By:
    	
 
    
	
 
    	
 
    
	
THE   COCA-COLA EXPORT CORPORATION
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    

 

 

	
Executed as a   deed by
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
BARLAN,   INC.
    	
By:
    	
 
    
	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    

 

24

 

	
Executed as a   deed by
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
ATLANTIC   INDUSTRIES
    	
By:
    	
 
    
	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    

 

	
Executed as a   deed by
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
COCA-COLA   OVERSEAS PARENT LTD
    	
By:
    	
 
    
	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    

 

 

	
Executed as a   deed by
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
REFRESHMENT   PRODUCT SERVICES, INC.
    	
By:
    	
 
    
	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    

 

25

 

	
Executed as a   deed by
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
CCHBC   GROUPING, INC.
    	
By:
    	
 
    
	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    

 

 

	
Executed as a   deed by
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
KAR-TESS   HOLDING
    	
By:
    	
 
    
	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Name:
    
	
 
    	
 
    
	
 
    	
Title:
    

 

26Exhibit 4.2

 

PRIVILEGED AND CONFIDENTIAL

 

DATED [to be dated immediately prior to the date of prospectus] 2012

 

(1)           THE COCA-COLA EXPORT CORPORATION

 

(2)           BARLAN INC.

 

(3)           ATLANTIC INDUSTRIES

 

(4)           COCA-COLA OVERSEAS PARENT LIMITED

 

(5)           REFRESHMENT PRODUCT SERVICES INC.

 

(6) CCHBC GROUPING, INC.

 

(7)           KAR-TESS HOLDING

 

(8)           COCA-COLA HBC AG

 

- and -

 

(9)           COCA-COLA HELLENIC BOTTLING COMPANY S.A.

 

 

 

CC HBC AG RELATIONSHIP AGREEMENT

 

 

 

CC HBC AG RELATIONSHIP AGREEMENT

 

TABLE OF CONTENTS

 

	
1.
    	
Interpretation
    	
2
    
	
 
    	
 
    	
 
    
	
2.
    	
Conditions
    	
6
    
	
 
    	
 
    	
 
    
	
3.
    	
Undertakings by Kar-Tess and the KO Group in respect   of CC HBC
    	
6
    
	
 
    	
 
    	
 
    
	
4.
    	
Duration and Termination
    	
8
    
	
 
    	
 
    	
 
    
	
5.
    	
Confidentiality
    	
9
    
	
 
    	
 
    	
 
    
	
6.
    	
Announcements
    	
10
    
	
 
    	
 
    	
 
    
	
7.
    	
Assignment
    	
10
    
	
 
    	
 
    	
 
    
	
8.
    	
Whole Agreement and Variation
    	
10
    
	
 
    	
 
    	
 
    
	
9.
    	
Notices
    	
11
    
	
 
    	
 
    	
 
    
	
10.
    	
Appointment of Process Agent
    	
12
    
	
 
    	
 
    	
 
    
	
11.
    	
General
    	
12
    
	
 
    	
 
    	
 
    
	
Schedule   1 KO Directors
    	
1
    
	
 
    	
 
    	
 
    
	
Schedule   2 Kar-Tess Directors
    	
2
    

 

 

THIS AGREEMENT is made the                  day of                                      2012

 

BETWEEN

 

(1)                                 THE COCA-COLA EXPORT CORPORATION a company organised and existing under the laws of the State of Delaware and whose principal office is at One Coca-Cola Plaza, NW. Atlanta, Georgia USA (“CCEC”):

 

(2)                                 BARLAN INC. a company organised and existing under the laws of the State of Delaware and whose principal office is at One Coca-Cola Plaza, N.W., Atlanta Georgia USA (“Barlan”);

 

(3)                                 ATLANTIC INDUSTRIES a company organised and existing under the laws of the Cayman Islands and whose principal office is at One Coca-Cola Plaza, N.W., Atlanta, Georgia USA (“AI”);

 

(4)                                 COCA-COLA OVERSEAS PARENT LIMITED a company organised and existing under the laws of the State of Delaware and whose principal office is at One Coca-Cola Plaza, N.W., Atlanta, Georgia USA (“CCOP”);

 

(5)                                 REFRESHMENT PRODUCT SERVICES, INC. a company organised and existing under the laws of the State of Delaware and whose principal office is at One Coca-Cola Plaza, N.W, Atlanta, Georgia USA (“RPS”);

 

(6)                                 CCHBC GROUPING, INC. a company organised and existing under the laws of the State of Delaware and whose principal office is at [·] (“CCHBCG”);

 

(7)                                 KAR-TESS HOLDING a company incorporated under the laws of Luxembourg and whose registered office is [·] (“Kar-Tess”);

 

(8)                                 COCA-COLA HBC AG a stock corporation (Aktiengesellschaft)  incorporated under the laws of Switzerland and whose registered office is at [·], Zug, Switzerland (“CC HBC”); and

 

(9)                                 COCA-COLA HELLENIC BOTTLING COMPANY S.A. a company incorporated under the laws of Greece and whose registered office is at [·], Greece (“CCH”).

 

WHEREAS:-

 

(A)                               CC HBC is a stock corporation incorporated in Switzerland by Kar-Tess.

 

(B)                               On [·] CC HBC announced its intention to make a voluntary share exchange offer to acquire all outstanding ordinary shares of CCH for new ordinary shares of CC HBC (“Share Exchange Offer”).

 

1

 

(C)                               Members of the KO Group, holding in aggregate [·] of shares in CCH, have entered into an irrevocable undertaking with CC HBC pursuant to which each member of KO Group has agreed to tender (and not withdraw) all of its shares in CCH in the Share Exchange Offer.]

 

(D)                               Assuming shareholders of CCH tender their shares in the Share Exchange Offer so that CC HBC acquires 90% of the total voting rights of CCH (excluding treasury shares held by CCH, which carry no voting rights), at or shortly following Admission (as defined below) the KO Group is expected to hold in aggregate not less than approximately [·%] and Kar-Tess is expected to hold not less than approximately [·%] of the issued shares in CC HBC. The KO Group and Kar-Tess are expected to hold, therefore, in aggregate, not less than approximately [·%] of the issued shares in CC HBC.

 

(E)                                On 29 August 2000, in connection with the listing of shares in CCH on the London Stock Exchange, CCH, Kar-Tess, certain affiliates of Kar-Tess and members of the KO Group (other than CCHBCG) entered into a relationship agreement in accordance with the listing rules applicable at the time of listing of shares on the London Stock Exchange (the “CCH Relationship Agreement”).

 

(F)                                 The parties have agreed that the CCH Relationship Agreement will terminate automatically upon settlement of the Share Exchange Offer in accordance with the terms of this agreement.

 

(G)                               Accordingly, the KO Group, Kar-Tess and CC HBC have agreed that with effect on and from Admission a new relationship agreement shall become effective in relation to CC HBC.

 

NOW IT IS HEREBY AGREED as follows:-

 

1.                                      Interpretation

 

In this Agreement, including the Recitals and Schedules, the headings shall not affect its interpretation and, unless the context requires otherwise:-

 

1.1                               Definitions

 

	
“Admission”
    	
 
    	
admission of the ordinary shares of CC HBC to the   premium segment of the Official List and to the London Stock Exchange’s main   market for listed securities;
    
	
 
    	
 
    	
 
    
	
“Articles”
    	
 
    	
the Articles of Association of CC HBC;
    
	
 
    	
 
    	
 
    
	
“Associate”
    	
 
    	
in relation to any company, means a subsidiary   undertaking or parent undertaking of such company or any other company over   which such company or any 
    

 

2

 

	
 
    	
 
    	
parent undertaking of such company has Control;
    
	
 
    	
 
    	
 
    
	
“Board”
    	
 
    	
the board of directors of CC HBC from time to time   appointed in accordance with the Articles;
    
	
 
    	
 
    	
 
    
	
“Bottler’s Agreement”
    	
 
    	
an agreement or proposed agreement or any matter in   relation thereto between a member of  the TCCC   Group and a member of the CC HBC Group under which that member of the CC HBC   Group is or would be authorised by TCCC to prepare and package, and/or   distribute and sell beverages bearing trademarks owned by TCCC in a   designated Territory (as  defined in   the relevant Bottler’s Agreement);
    
	
 
    	
 
    	
 
    
	
“CC  HBC Group”
    	
 
    	
CC HBC and its subsidiary undertakings from time to   time and references to “member of the CC HBC Group” shall be construed   accordingly. For avoidance of doubt, on and from the settlement of the   Exchange Offer, CC HBC becomes the parent of CCH and a holding company of the   CC HBC Group as a result of the Share Exchange Offer;
    
	
 
    	
 
    	
 
    
	
“CC HBC Shareholders”
    	
 
    	
the holders from time to time of CC HBC Shares and   any person holding CC HBC Shares through a trustee or nominee and “CC HBC   Shareholder” means any one of them;
    
	
 
    	
 
    	
 
    
	
“CC HBC Shares”
    	
 
    	
the entire issued ordinary share capital of CC HBC   on Admission;
    
	
 
    	
 
    	
 
    
	
“Confidential Information”
    	
 
    	
trade secrets and confidential knowledge or   information not in the public domain given by one party to the other and   identified or notified as confidential by the giving party to the receiving   party;
    
	
 
    	
 
    	
 
    
	
“Control”
    	
 
    	
in relation to any Undertaking, means for the   purposes of this Agreement only (and even in circumstances where the actual   ability to control or  direct   management or policies of that Undertaking is not in fact present), the right   of a person, directly or 
    

 

3

 

	
 
    	
 
    	
indirectly, to (i) control the exercise of 30%   or more of the Voting Rights, or (ii) control the appointment or removal   of directors holding a majority of voting rights at meetings of the   Undertaking’s board of directors on all, or substantially all, matters;
    
	
 
    	
 
    	
 
    
	
“Director”
    	
 
    	
any one of the Board;
    
	
 
    	
 
    	
 
    
	
“FSA”
    	
 
    	
The Financial Services Authority;
    
	
 
    	
 
    	
 
    
	
“Interested”
    	
 
    	
for the purposes only of Clause 3.2 means any matter   in which or with which (A) (i) with respect to Kar-Tess, Kar-Tess   has an interest or involvement which conflicts in a materially important way   or is reasonably likely to so conflict in the foreseeable future with the   interests of any member of the CC HBC Group or (ii) with respect to the   KO Group, the KO Group has an interest or involvement which conflicts in a   materially important way or is reasonably likely to so conflict in the   foreseeable future with the interests of any member of the CC HBC Group; or   (B) (i) with respect to Kar-Tess, Kar-Tess is aware that any Associate   of Kar-Tess has such an interest or involvement, or (ii) with respect to   the KO Group, any member of the KO Group is aware that any Associate of a   member of the KO Group  has such an   interest or involvement;
    
	
 
    	
 
    	
 
    
	
“Kar-Tess Director”
    	
 
    	
a Director who acts as a representative of Kar-Tess;   the names of the Kar-Tess Directors at Admission are set forth on Schedule 2   as amended from time to time;
    
	
 
    	
 
    	
 
    
	
“KO Director”
    	
 
    	
a Director who acts as a representative of the KO   Group; the names of the KO Directors at Admission are set forth on Schedule 1   as amended from time to time;
    
	
 
    	
 
    	
 
    
	
“KO Group”
    	
 
    	
collectively CCEC, Barlan, Al, CCOP, RPS [and   CCHBCG] and references to “member of the KO Group” shall be construed   accordingly;
    

 

4

 

	
“Listing Rules”
    	
 
    	
the listing rules published by the FSA;
    
	
 
    	
 
    	
 
    
	
“London Stock Exchange”
    	
 
    	
The London Stock Exchange plc;
    
	
 
    	
 
    	
 
    
	
“Parties”
    	
 
    	
the Parties to this Agreement and the term “Party”   shall be construed accordingly;
    
	
 
    	
 
    	
 
    
	
“Shareholders Agreement”
    	
 
    	
the Amended and Restated Shareholders Agreement   dated [·] December 2012 and made between the   Parties other than CC HBC and CCH;
    
	
 
    	
 
    	
 
    
	
“TCCC”
    	
 
    	
The Coca-Cola Company;
    
	
 
    	
 
    	
 
    
	
“TCCC Businesses”
    	
 
    	
any one or more of the businesses of the manufacture   and sale of certain concentrates and beverage bases, from which non-alcoholic   beverage syrups are prepared which are used in the preparation of certain   non-alcoholic beverages bearing trademarks owned by TCCC;
    
	
 
    	
 
    	
 
    
	
“TCCC Group”
    	
 
    	
TCCC, its subsidiary undertakings from time to time,   any parent undertaking of TCCC for the time being and any subsidiary   undertakings of any such parent undertaking but excluding CC HBC and its   subsidiary undertakings and references to “member of the TCCC Group” shall be   construed accordingly;
    
	
 
    	
 
    	
 
    
	
“Undertaking”
    	
 
    	
a company, body corporate or other economic   enterprise carrying on a business (whether or not for profit); and
    
	
 
    	
 
    	
 
    
	
“Voting Rights”
    	
 
    	
in relation to any Undertaking, the voting rights   attaching to securities of the relevant Undertaking which are generally   exercisable at meetings of shareholders of the relevant Undertaking.
    

 

1.2                               Subordinate Legislation

 

Any reference to a statutory provision shall include any subordinate legislation made from time to time under that provision.

 

1.3                               Modification etc. of Statutes

 

Any reference to a statutory provision shall include that provision as from time to time modified or re-enacted after the date of this Agreement so far as such 

 

5

 

modification or re-enactment applies or is capable of applying to any transactions entered into prior to the date on which this Agreement becomes unconditional in all respect.

 

1.4                               Companies Act 2006

 

The words “subsidiary”, “subsidiary undertaking”, “parent undertaking”, “associated undertaking” and “financial year” shall have the same meanings in this Agreement as their respective definitions in the Companies Act 2006 as amended prior to the date hereof.

 

1.5                               Share Exchange Offer

 

Unless the context otherwise expressly requires, the term “Share Exchange Offer” shall not include any Greek statutory sell-out of Greek statutory buy-out that may occur or arise in consequence thereof.

 

1.6                               Interpretation Act 1978

 

The Interpretation Act 1978 shall apply to this Agreement in the same way as it applies to an enactment.

 

2.                                      Conditions

 

2.1                               Conditions Precedent

 

Subject as provided in Clause 2.2, the obligations of the Parties shall be conditional in all respects upon settlement of the Share Exchange Offer.

 

2.2                               Conditions not satisfied

 

If settlement of the Share Exchange Offer does not occur on or before [·] 2013 (or such later date as the Parties may agree) this Agreement shall lapse and be of no further force and effect and no party shall have any claim hereunder against any other party.

 

3.                                      Undertakings by Kar-Tess and the KO Group in respect of CC HBC

 

3.1                               Each of Kar-Tess and the members of the KO Group undertakes that (a) it will exercise its Voting Rights in CC HBC or rights hereunder, (b) it will procure (so far as it is reasonably able) that its Associates will exercise their Voting Rights in CC HBC and (c) it will procure (so far as it is reasonably able) that the KO Directors and the Kar-Tess Directors vote at all times in the manner required, so as to ensure (so far as they are reasonably able) that:-

 

3.1.1                     the terms of this Agreement are implemented in full;

 

3.1.2                     CC HBC performs and complies with its obligations under this Agreement and the Articles; and

 

6

 

3.1.3                     no variations are made to any provision of the Articles which would be contrary to the terms of this Agreement.

 

3.2                               Without limitation to its obligations under Clause 3.1 and subject to the proviso hereto, each of the members of the KO Group (a) undertakes that it will not exercise any of its Voting Rights in CC HBC or be counted in any quorum at any meeting of CC HBC (b) undertakes to procure (so far as it is reasonably able) that none of its Associates will exercise Voting Rights in CC HBC or be counted in any quorum at any meeting of CC HBC and (c) undertakes to procure (so far as it is reasonably able) that no KO Director (or an alternate nominated by any one of the KO Directors) votes or is counted in any quorum in any meeting of Directors of CC HBC in relation to:-

 

3.2.1                     any actual or proposed transaction between, on the one hand, any member of the KO Group or any Associate of any member of the KO Group or any director, officer or employee of the foregoing and, on the other, a member of the CC HBC Group; or

 

3.2.2                     any matter in which any member of the KO Group or any Associate thereof is Interested; or

 

3.2.3                     any decision by CC HBC concerning the enforcement of its rights under and the operation of this Agreement,

 

PROVIDED THAT where any of the matters referred to in Clause 3.2.1 or 3.2.2 above is a matter:-

 

(i)                                     referred to in any of clauses 5.3(a) to 5.3(k) (inclusive) of the Shareholders’ Agreement, the KO Directors may be counted in any quorum in relation to such matters but shall not be permitted to speak at such meeting or vote in relation to any such matter; and

 

(ii)                                  referred to in clause 6.1 of the Shareholders’ Agreement, members of the KO Group shall be entitled in respect of such matter to exercise any rights, and comply with its obligation, under the Shareholders’ Agreement, including exercising (and procuring that its Associates exercise) any of Voting Rights (and directing Kar-Tess in the exercise of its Voting Rights) in CC HBC and be counted in any quorum at any meeting of CC HBC.

 

3.3                               Without limitation to its obligations under Clause 3.1 and subject to the proviso hereto, Kar-Tess (a) undertakes that it will not exercise any of its Voting Rights in CC HBC or be counted in any quorum at any meeting of CC HBC (b) undertakes to procure (so far as it is reasonably able) that none of its Associates will exercise Voting Rights in CC HBC or be counted in any quorum at any meeting of CC HBC and (c) undertakes to procure (so far as it is reasonably able) that no Kar-Tess Director (or an alternate nominated by 

 

7

 

any one of the Kar-Tess Directors) votes or is counted in any quorum in any meeting of Directors of CC HBC in relation to:-

 

3.3.1                     any actual or proposed transaction between, on the one hand, Kar-Tess or any Associate of Kar-Tess or any director, officer or employee of the foregoing and, on the other, a member of the CC HBC Group; or

 

3.3.2                     any matter in which Kar-Tess or any Associate of Kar-Tess is Interested; or

 

3.3.3                     any decision by CC HBC concerning the enforcement of its rights under, and the operation of, this Agreement,

 

PROVIDED THAT where any of the matters referred to in Clause 3.3.1 or 3.3.2 above is a matter:-

 

(i)                                     referred to in any of clauses [5.3(a) to 5.3(k) (inclusive)] of the Shareholders’ Agreement, the Kar-Tess Directors may be counted in any quorum in relation to such matters but shall not be permitted to speak at such meeting or vote in relation to any such matter; and

 

(ii)                                  referred to in clause 6.1 of the Shareholders’ Agreement, Kar-Tess shall be entitled to exercise any of its Voting Rights in CC HBC and be counted in any quorum at any meeting of CC HBC and shall be entitled to procure that its Associates exercise Voting Rights in CC HBC or be counted in any quorum at any meeting of CC HBC where Kar-Tess is required by the terms of the Shareholders Agreement to vote against any resolution.

 

3.4                               Kar-Tess will ensure, and will procure (so far as it is reasonably able) that its Associates ensure, that all future transactions and other arrangements between Kar-Tess or any Associates of Kar-Tess and any member of the CC HBC Group will be at arm’s length and on a normal commercial basis, as required to preserve CC HBC’s suitability for premium listing pursuant to the Listing Rules.

 

3.5                               Each of the members of the KO Group will ensure, and will procure (so far as it is reasonably able) that its Associates ensure, that all future transactions and other arrangements between any of the KO Group or any Associates thereof and any member of the CC HBC Group will be at arm’s length and on a normal commercial basis PROVIDED HOWEVER THAT nothing herein shall limit or restrict the rights of the members of TCCC Group (or any of them) as set forth in any Bottler’s Agreement.

 

4.                                      Duration and Termination

 

4.1                               This agreement shall terminate upon the earlier of:-

 

8

 

4.1.1                     the KO Group or Kar-Tess singly or acting jointly in agreement whether formal or otherwise, ceasing to exercise or control the exercise of 30% or more of the Voting Rights of CC HBC; and

 

4.1.2                     the CC HBC Shares ceasing to be admitted to the premium segment of the Official List.

 

4.2                               Any termination of this Agreement shall be without prejudice to any provisions of Clause 5 below which are expressed to continue in force thereafter and shall be without prejudice to any rights or obligations which may have accrued prior to the date of termination.

 

5.                                      Confidentiality

 

5.1                               Each of Kar-Tess and the members of the KO Group shall (unless the prior written consent of CC HBC shall first have been obtained) keep confidential and not disclose to any third party any of the Confidential Information of the CC HBC Group which it may receive or obtain as a result of entering into any agreement with any member of the CC HBC Group or this Agreement or through its shareholding in CC HBC and shall use all reasonable endeavours to ensure that the respective employees of and professional advisers to members of the KO Group and Kar-Tess observe such confidentiality.

 

5.2                               CC HBC undertakes in like manner that it shall and shall procure that all members of the CC HBC Group shall, (unless the prior written consent of Kar-Tess or the relevant member of the KO Group shall first have been obtained) keep confidential and not disclose to any third party any of the Confidential Information of Kar-Tess or any member of the KO Group which any of the members of the CC HBC Group may receive or obtain as a result of entering into any agreement with Kar-Tess  or any member of the KO Group or otherwise during the course of this Agreement. CC HBC shall use all reasonable endeavours to ensure that the employees of and professional advisers to the members of the CC HBC Group observe such confidentiality.

 

5.3                               Notwithstanding the provisions of Clauses 5.1 and 5.2, the consent referred to therein shall not be required for disclosure of any Confidential Information by the recipient party:-

 

5.3.1                     to persons professionally engaged by such party or to employees of such party, in each case to the extent required for the proper execution of their work;

 

5.3.2                     to any government department or any governmental or regulatory agency but only to the extent that disclosure thereto is necessary in connection with any application for a licence or other regulatory approval or otherwise compellable by law;

 

5.3.3                     to the extent required by an applicable law or by the regulations or rules of any relevant stock exchange, the FSA (including the Listing 

 

9

 

Rules) or other regulatory authority or pursuant to any order of court or other competent authority or tribunal;

 

5.3.4                     to the extent that the relevant Confidential Information has fallen into the public domain or come into the disclosing party’s possession otherwise than by breach of this Agreement by the disclosing party or by any person subject to an obligation of confidentiality; or

 

5.3.5                     to the extent that the relevant Confidential Information has been independently discovered or developed by the disclosing party (the onus being on that party to produce written evidence of such independent discovery or development).

 

The disclosing party shall make reasonable efforts to minimise the extent of such disclosure.

 

6.                                      Announcements

 

6.1                               No announcement or circular in connection with the subject matter of this Agreement shall be made or issued by or on behalf of any of the parties hereto without the prior written approval of all of the Parties hereto such approval not to be unreasonably withheld or delayed.

 

6.2                               The provisions of Clause 6.1 shall not apply to any such public announcement or communication if and to the extent that it is required in connection with Admission or by law or by the regulations of any relevant stock exchange PROVIDED THAT prior to the making or despatch thereof, the Parties shall (where practicable) consult with each other as applicable as to the content, timing and manner of making or despatch thereof and each of the Parties shall take into account all reasonable requirements of the other Parties in relation thereto.

 

7.                                      Assignment

 

The provisions of this Agreement shall (save as expressly provided herein) enure for the benefit of the Parties and accordingly no Party shall be entitled to assign its rights or obligations under this Agreement without the prior written consent of all the other Parties.

 

8.                                     Whole Agreement and Variation

 

8.1                               Previous Agreements

 

Save for and without prejudice to the Shareholders Agreement this Agreement supersedes any previous written or oral agreement between the Parties in relation to the matters dealt with in this Agreement and contains the  whole agreement between the parties relating to the subject matter of this Agreement at the date  hereof to the exclusion of any terms implied by law which may be excluded by contract.

 

10

 

8.2                               For the avoidance of doubt, nothing in this Agreement shall prohibit or restrict any actions taken or that may be taken in the future by Kar-Tess or any member of the KO Group (or any director, officer or employee of the foregoing) thereof or any transactions between Kar-Tess or any member of the KO Group (or any director, officer or employee of the foregoing) and any member of the CC HBC Group if taken or affected:-

 

8.2.1                     pursuant to and in accordance with the terms of any agreement, contract or undertaking that was entered into by the CC HBC Group or any member thereof in accordance with the terms and conditions of this Agreement;

 

8.2.2                     or in a manner not requiring and not involving any prior approval on the part of (a) the CC HBC Shareholders or (b) the Board or any of the Directors:

 

or require the CC HBC Shareholders or the Board to take any actions not otherwise required of them under the Articles or in accordance with any applicable law or statutory regulation.

 

8.3                               Variation

 

No variation of this Agreement shall be effective unless in writing and signed by or on behalf of each of the Parties.

 

9.                                      Notices

 

9.1                               Time of Service

 

Any notice, claim or demand requiring to be served under or in connection with this Agreement shall be in writing and signed by or on behalf of the Party giving it and shall be sufficiently given or served if delivered to the address and attention of the relevant Party set out in Clause 9.2 (or as otherwise notified from time to time hereunder). Any such notice, claim or demand shall be delivered by hand or sent by fax transmission or pre-paid first class post and, if delivered by hand or sent by  fax transmission shall conclusively be deemed to have been given or served at the time of despatch, in the case of service in the United Kingdom or 24 hours thereafter, in the case of international service and, if sent by post, shall conclusively be deemed to have been received 48 hours from the time of posting in the case of posting within the United Kingdom to an address within the United Kingdom and five days in any other case.

 

9.2                               The address of the parties for the purpose of Clause 9.1 are as follows:-

 

	
9.2.1
    	
 
    	
If to any member of the KO Group:-

 

[The Coca-Cola Company

 

One Coca-Cola Plaza
    

 

11

 

	
 
    	
 
    	
Atlanta, Georgia

 

30313 USA

 

Facsimile:       00   1 404 676 8083

 

Attention:       Chief   Financial Officer And General Counsel]
    
	
 
    	
 
    	
 
    
	
9.2.2
    	
 
    	
If to Kar-Tess:

 

[Kyriakides Georgopoulos & Daniolos Issaias   Law Firm

 

28 Dimitriou Soutsou Street 115 21 Athens

 

Greece

 

Facsimile:          +30 210 685 6657-8

 

Attn:    [Leonidas Georgopoulos]
    
	
 
    	
 
    	
 
    
	
9.2.3
    	
 
    	
If to CC HBC:

 

[·]

 

Attn: [·]
    

 

9.3                               Changes in address etc.

 

Any party may change the address (or other details) to which notices can be sent to it by giving written notices of such change of address (or details) to the other parties in the manner herein provided for giving notice.

 

10.                               Appointment of Process Agent

 

10.1                        Each member of the KO Group hereby appoints [·] marked for the attention of [·] to act as its agent to accept service of process out of the English Courts in relation to any matters arising out of this Agreement. Each member of the KO Group shall be entitled to appoint a replacement agent for service by written notice to the other parties specifying the name and address of the replacement agent.

 

10.2                        Each of  Kar-Tess and CC HBC hereby appoints [·] marked for the attention of  [·] to act as its agent to accept service of process out of the English Courts in relation to any matters arising out of this Agreement. Each of Kar-Tess and CC HBC shall be entitled to appoint a replacement agent for service by written notice to CC HBC specifying the name and address of the replacement agent.

 

11.                               General

 

11.1                        No Partnership or Agency

 

Nothing in this Agreement shall be deemed to constitute a partnership between the Parties hereto nor constitute any Party the agent of another Party for any purpose

 

12

 

11.2                        Counterparts

 

This Agreement may be entered into in any number of counterparts and by the Parties to it on separate counterparts each of which when so executed and delivered shall be an original, but all the counterparts shall together constitute one and the same instrument.

 

11.3                        Conflict

 

If there is any conflict between the provisions of this Agreement and the Shareholders Agreement the provisions of this Agreement shall prevail.

 

11.4                        Termination of the CCH Relationship Agreement

 

The Parties hereby agree that the CCH Relationship Agreement shall terminate automatically upon settlement of the Share Exchange Offer.

 

11.5                        CCH is a party to this agreement solely for the purposes of the agreement set out in Clause 11.4 above.

 

11.6                        Governing Law and Submission to Jurisdiction

 

This Agreement and all non-contractual obligations arising out of or in connection with this Agreement shall be governed by and construed in accordance with English law and all the Parties irrevocably agree that the courts of England are to have exclusive jurisdiction to settle any disputes which may arise out of or in connection with this Agreement.

 

IN WITNESS whereof this Agreement has been entered into and executed as a Deed the date and year first written above.

 

13

 

SCHEDULE 1
 KO DIRECTORS

 

Irial Finan

 

John Hunter

 

S-1

 

SCHEDULE 2 
 KAR-TESS DIRECTORS

 

George A. David, OBE, MFR

 

Anastasios Leventis, CBE, OFR

 

Anastassis G. David

 

Haralambos K. Leventis

 

S-2

 

SIGNATURE PAGE

 

 

	
SIGNED as a deed   by
    	
 
    
	
 
    	
(Signature)
    
	
The Coca-Cola Export   Corporation
    	
 
    
	
 
    	
 
    
	
acting by [Name   of Authorised Signatory] [and
    	
 
    
	
 
    	
 
    
	
[Name of   Authorised Signatory]]
    	
 
    
	
 
    	
(Signature)
    
	
 
    	
 
    
	
 
    	
 
    
	
SIGNED as a deed   by
    	
 
    
	
 
    	
(Signature)
    
	
Barlan, Inc.
    	
 
    
	
 
    	
 
    
	
acting by [Name   of Authorised Signatory] [and
    	
 
    
	
 
    	
 
    
	
[Name of   Authorised Signatory]]
    	
 
    
	
 
    	
(Signature)
    
	
 
    	
 
    
	
 
    	
 
    
	
SIGNED as a deed   by
    	
 
    
	
 
    	
(Signature)
    
	
Atlantic Industries
    	
 
    
	
 
    	
 
    
	
acting by [Name   of Authorised Signatory] [and
    	
 
    
	
 
    	
 
    
	
[Name of   Authorised Signatory]]
    	
 
    
	
 
    	
(Signature)
    
	
 
    	
 
    
	
 
    	
 
    
	
SIGNED as a deed   by
    	
 
    
	
 
    	
(Signature)
    
	
Coca-Cola Overseas Parent   Limited
    	
 
    
	
 
    	
 
    
	
acting by [Name   of Authorised Signatory] [and
    	
 
    
	
 
    	
 
    
	
[Name of   Authorised Signatory]]
    	
 
    
	
 
    	
(Signature)
    

 

1

 

	
SIGNED as a deed   by
    	
 
    
	
 
    	
(Signature)
    
	
Refreshment Product   Services, Inc.
    	
 
    
	
 
    	
 
    
	
acting by [Name   of Authorised Signatory] [and
    	
 
    
	
 
    	
 
    
	
[Name of   Authorised Signatory]]
    	
 
    
	
 
    	
(Signature)
    
	
 
    	
 
    
	
 
    	
 
    
	
SIGNED as a deed   by
    	
 
    
	
 
    	
(Signature)
    
	
CCHBC Grouping, Inc.
    	
 
    
	
 
    	
 
    
	
acting by [Name   of Authorised Signatory] [and
    	
 
    
	
 
    	
 
    
	
[Name of   Authorised Signatory]]
    	
 
    
	
 
    	
(Signature)
    
	
 
    	
 
    
	
 
    	
 
    
	
SIGNED as a deed   by
    	
 
    
	
 
    	
(Signature)
    
	
Kar-Tess Holding
    	
 
    
	
 
    	
 
    
	
acting by [Name   of Authorised Signatory] [and
    	
 
    
	
 
    	
 
    
	
[Name of   Authorised Signatory]]
    	
 
    
	
 
    	
(Signature)
    
	
 
    	
 
    
	
 
    	
 
    
	
SIGNED as a deed   by
    	
 
    
	
 
    	
(Signature)
    
	
Coca-Cola HBC AG
    	
 
    
	
 
    	
 
    
	
acting by [Name   of Authorised Signatory] [and
    	
 
    
	
 
    	
 
    
	
[Name of   Authorised Signatory]]
    	
 
    
	
 
    	
(Signature)
    

 

2

 

	
SIGNED as a deed by
    	
 
    
	
 
    	
(Signature)
    
	
Coca-Cola Hellenic Bottling Company S.A.
    	
 
    
	
 
    	
 
    
	
acting by [Name of Authorised Signatory] [and
    	
 
    
	
 
    	
 
    
	
[Name of Authorised Signatory]]
    	
 
    
	
 
    	
(Signature)
    

 

3

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