Document:

EX-10.34

Exhibit 10.34

SUPPLEMENTAL

SAVINGS PROGRAM

2009 Restatement

 

 

PBG

Supplemental Savings Program

Table of Contents

	 	 	 	 	 
	 	 	Page	 
	ARTICLE I – HISTORY AND PURPOSE
	 	 	1	 
	 
	 	 	 	 
	1.1 History and Purpose
	 	 	1	 
	1.2 Type of Plan
	 	 	1	 
	1.3 Effect of Restatement
	 	 	1	 
	 
	 	 	 	 
	ARTICLE II – DEFINITIONS
	 	 	1	 
	 
	 	 	 	 
	2.1 Account
	 	 	1	 
	2.2 Act
	 	 	1	 
	2.3 Beneficiary
	 	 	1	 
	2.4 Code
	 	 	1	 
	2.5 Company
	 	 	2	 
	2.6 Company Retirement Contribution Subaccount
	 	 	2	 
	2.7 Compensation
	 	 	2	 
	2.8 Compensation Limit
	 	 	2	 
	2.9 Distribution Valuation Date
	 	 	2	 
	2.10 EID
	 	 	2	 
	2.11 Eligible Employee
	 	 	2	 
	2.12 Employee
	 	 	2	 
	2.13 Employer
	 	 	2	 
	2.14 ERISA
	 	 	2	 
	2.15 NAV
	 	 	3	 
	2.16 Nonqualified Holding Contribution Subaccount
	 	 	3	 
	2.17 Participant
	 	 	3	 
	2.18 PBG Organization
	 	 	3	 
	2.19 Plan
	 	 	3	 
	2.20 Plan Administrator
	 	 	3	 
	2.21 Recordkeeper
	 	 	3	 
	2.22 Savings Plan
	 	 	3	 
	2.23 Savings Plan Pay
	 	 	3	 
	2.24 Section 409A
	 	 	3	 
	2.25 Separation from Service
	 	 	3	 
	2.26 Specified Employee
	 	 	3	 
	2.27 Supplemental Company Retirement Contribution Subaccount
	 	 	4	 
	2.28 Valuation Date
	 	 	5	 

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	 	Page
	 
	ARTICLE III – ELIGIBILITY AND PARTICIPATION
	 	 	5	 
	 
	 	 	 	 
	3.1 Eligibility to Participate
	 	 	5	 
	3.2 Termination of Participation
	 	 	5	 
	 
	 	 	 	 
	ARTICLE IV – CONTRIBUTIONS
	 	 	5	 
	 
	 	 	 	 
	4.1 Company Retirement Contributions
	 	 	5	 
	4.2 Supplemental Company Retirement Contributions
	 	 	5	 
	4.3 Nonqualified Holding Contributions
	 	 	6	 
	4.4 Transfers to Company Retirement Contribution and Supplemental Company Retirement
Subaccount
	 	 	6	 
	4.5 Maximum Company Contributions
	 	 	6	 

	 	 	 	 	 
	ARTICLE V – PARTICIPANT ACCOUNTS
	 	 	6	 
	 
	 	 	 	 
	5.1 Establishment of Participant Accounts
	 	 	6	 
	5.2 Credits to Accounts
	 	 	6	 
	5.3 Investment Options
	 	 	7	 
	5.4 Method of Allocation
	 	 	8	 
	5.5 Vesting of a Participant’s Account; Misconduct
	 	 	9	 
	 
	 	 	 	 
	ARTICLE VI – PAYMENT OF BENEFITS
	 	 	10	 
	 
	 	 	 	 
	6.1 Time and Form of Payment
	 	 	10	 
	6.2 Six Month Deferral
	 	 	10	 
	6.3 Distributions on Account of Death
	 	 	10	 
	6.4 Valuation
	 	 	10	 
	6.5 Automatic Deferral
	 	 	10	 
	6.6 Actual Date of Payment
	 	 	11	 
	6.7 Impact of Securities Law on Distributions
	 	 	11	 
	 
	 	 	 	 
	ARTICLE VII – PLAN ADMINISTRATION
	 	 	12	 
	 
	 	 	 	 
	7.1 Plan Administrator
	 	 	12	 
	7.2 Action
	 	 	12	 
	7.3 Powers of the Plan Administrator
	 	 	12	 
	7.4 Compensation, Indemnity and Liability
	 	 	13	 
	7.5 Withholding
	 	 	14	 
	 
	 	 	 	 
	ARTICLE VIII – CLAIMS PROCEDURE
	 	 	14	 
	 
	 	 	 	 
	8.1 Claims for Benefits
	 	 	14	 
	8.2 Appeals of Denied Claims
	 	 	14	 
	8.3 Limitations on Actions
	 	 	14	 

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	 	Page
	 
	ARTICLE IX – AMENDMENT AND TERMINATION
	 	 	15	 
	 
	 	 	 	 
	9.1 Amendment of Plan
	 	 	15	 
	9.2 Termination of Plan
	 	 	15	 
	 
	 	 	 	 
	ARTICLE X – MISCELLANEOUS
	 	 	16	 
	 
	 	 	 	 
	10.1 Limitation on Participant’s Rights
	 	 	16	 
	10.2 Unfunded Obligation of Individual Employer
	 	 	16	 
	10.3 Other Plans
	 	 	16	 
	10.4 Receipt or Release
	 	 	16	 
	10.5 Governing Law
	 	 	17	 
	10.6 Adoption of Plan by Related Employers
	 	 	17	 
	10.7 Facility of Payment
	 	 	17	 

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ARTICLE I – HISTORY AND PURPOSE

     1.1 History and Purpose. The Pepsi Bottling Group, Inc. (“Company”) established the PBG
Supplemental Savings Program (“Plan”) to provide benefits to employees whose participation in the
Company Retirement Contributions portion of the PBG 401(k) Savings Program is limited because of
the maximum amount of compensation which may be considered for purposes of Company Retirement
Contributions under Section 401(a)(17) of the Internal Revenue Code or because of elective
deferrals under the PBG Executive Income Deferral Program. The Plan was adopted effective as of
January 1, 2007. The Company now wishes to amend and completely restate the Plan to comply with
the final regulations under Section 409A of the Internal Revenue Code.

     1.2 Type of Plan. For federal income tax purposes, the PBG Supplemental Savings Program is
intended to be a non-qualified unfunded deferred compensation plan. For purposes of the Employee
Retirement Income Security Act of 1974 (“ERISA”), the Plan is intended to be a plan described in
Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA providing benefits to a select group of
management or highly compensated employees.

     1.3 Effect of Restatement. This 2009 Restatement of the Plan is effective January 1, 2009.

ARTICLE II – DEFINITIONS

     When used in this Plan, the following terms shall have the meanings set forth below unless a
different meaning is plainly required by the context:

     2.1 Account. The account maintained for a Participant on the books of his or her Employer to
determine, from time to time, the Participant’s interest under this Plan. The balance in such
Account shall be determined by the Recordkeeper pursuant to guidelines established by the Plan
Administrator. Each Participant’s Account shall consist of up to three subaccounts, as applicable:
a Company Retirement Contribution Subaccount, a Supplemental Company Retirement Contribution
Subaccount, and a Nonqualified Holding Contribution Subaccount. The Recordkeeper may also
establish such additional subaccounts as it deems necessary for the proper administration of the
Plan.

     2.2 Act. The Securities Exchange Act of 1934, as amended.

     2.3 Beneficiary. The person or persons (including a trust or trusts) properly designated by a
Participant, as determined by the Plan Administrator, to receive the Participant’s vested Account
in the event of the Participant’s death.

     2.4 Code. The Internal Revenue Code of 1986, as amended from time to time.

 

 

     2.5 Company. The Pepsi Bottling Group, Inc. (also referred to herein as “PBG”), a corporation
organized and existing under the laws of the State of Delaware, or its successor or successors.

     2.6 Company Retirement Contribution Subaccount. A subaccount of a Participant’s Account
maintained to reflect the Participant’s interest in the Plan attributable to Employer allocations
prescribed in Section 4.1.

     2.7 Compensation. A Participant’s Savings Plan Pay, determined without regard to the
Compensation Limit, plus amounts deferred under the EID. Deferred amounts shall be included in
Compensation at the time such amounts would have been payable if the Participant made no election
to defer receipt of such amounts pursuant to the EID, and amounts received in a later year pursuant
to an election to defer the payment in accordance with the EID shall not be treated as Compensation
in such later year.

     2.8 Compensation Limit. The maximum amount of compensation which may be considered in
determining the Company Retirement Contributions for a Participant in the Savings Plan under
Section 401(a)(17) of the Code.

     2.9 Distribution Valuation Date. Each date as specified by the Plan Administrator from time
to time as of which Participant Accounts are valued for purposes of a distribution from a
Participant’s Account. The initial Distribution Valuation Dates are the last day of each month.
The Distribution Valuation Date may be changed by the Plan Administrator, provided that such change
does not result in a change in when Accounts are paid out that is impermissible under Section 409A
of the Code. Values are determined as of the close of a Distribution Valuation Date or, if such
date is not a business day, as of the close of the immediately preceding business day.

     2.10 EID. The PBG Executive Income Deferral Program, as amended from time to time.

     2.11 Eligible Employee. The term Eligible Employee shall have the meaning given to it in
Section 3.1 of this Plan.

     2.12 Employee. An individual who is a common law employee of an Employer. In no event shall
a leased employee, independent contractor, or other non-employee contract worker be treated as an
Employee.

     2.13 Employer. The Company and each of the Company’s subsidiaries and affiliates (if any)
that are currently designated as an Employer by the Plan Administrator. An entity shall be an
Employer hereunder only for the period that it is (i) so designated by the Plan Administrator, and
(ii) a member of the PBG Organization.

     2.14 ERISA. Public Law 93-406, the Employee Retirement Income Security Act of 1974, as
amended from time to time.

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     2.15 NAV. The net asset value of a phantom unit in one of the phantom funds offered for
investment under the Plan, determined as of any date in the same manner as applies on that date
under the actual fund that is the basis of the phantom fund offered by the Plan.

     2.16 Nonqualified Holding Contribution Subaccount. A subaccount of a Participant to reflect
the Participant’s interest in the Plan attributable to Employer allocations prescribed in Section
4.3.

     2.17 Participant. Any Eligible Employee who has an Account. An active Participant is one who
is currently receiving credits to such Account in accordance with Article IV.

     2.18 PBG Organization. The controlled group of organizations of which the Company is a part,
as defined by Sections 414(b) and (c) of the Code and the regulations issued thereunder. An entity
shall be considered a member of the PBG Organization only during the period it is one of the group
of organizations described in the preceding sentence.

     2.19 Plan. The PBG Supplemental Savings Program, the plan set forth herein, as it may be
amended from time to time.

     2.20 Plan Administrator. The Compensation and Management Development Committee of the Board
of Directors of the Company (the “Compensation Committee”) or its delegate or delegates, which
shall have the authority to administer the Plan as provided in Article VII.

     2.21 Recordkeeper. For any designated period of time, the party that is delegated the
responsibility, pursuant to the authority granted by the Plan Administrator, to maintain the
records of Participant Accounts, process Participant transactions and perform other duties in
accordance with procedures and rules established by the Plan Administrator.

     2.22 Savings Plan. The PBG 401(k) Savings Program, as amended from time to time.

     2.23 Savings Plan Pay. The Participant’s compensation as defined in the Savings Plan for
purposes of Company Retirement Contributions under the Savings Plan.

     2.24 Section 409A. Section 409A of the Code and the applicable regulations and other guidance
issued thereunder.

     2.25 Separation from Service. A Participant’s separation from service as defined in Section
409A; provided that for this purpose the term “service recipient” shall include PepsiCo., Inc., so
long as PepsiCo., Inc. or a member of the PepsiCo., Inc. controlled group maintains an ownership
interest in the Company of at least 20%.

     2.26 Specified Employee. The individuals identified in accordance with principles set forth
below.

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	(a)	 	General. Any Participant who at any time during the applicable year is:

	 	(1)	 	An officer of any member of the PBG Organization having annual compensation
greater than $130,000 (as adjusted under Section 416(i)(1) of the Code);
	 
	 	(2)	 	A 5-percent owner of any member of the PBG Organization; or
	 
	 	(3)	 	A 1-percent owner of any member of the PBG Organization having annual
compensation of more than $150,000.

For purposes of (1) above, no more than 50 employees identified in the order of their annual
compensation shall be treated as officers. For purposes of this section, annual
compensation means compensation as defined in Treas. Reg. § 1.415(c)-2(a), without regard to
Treasury Reg. §§ 1.415(c)-2(d), 1.415(c)-2(e), and 1.415(c)-2(g). The Plan Administrator
shall determine who is a Specified Employee in accordance with Section 416(i) of the Code
and the applicable regulations and other guidance of general applicability issued thereunder
or in connection therewith, and provided further that the applicable year shall be
determined in accordance with Section 409A and that any modification of the foregoing
definition that applies under Section 409A shall be taken into account.

	(b)	 	Applicable Year. Except as otherwise required by Section 409A, the Plan Administrator shall
determine Specified Employees as of the last day of each calendar year, based on compensation
for such year, and such designation shall be effective for purposes of this Plan for the
twelve month period commencing on April 1st of the next following calendar year.

	(c)	 	Rule of Administrative Convenience. In addition to the foregoing, the Plan Administrator
shall treat all other Employees classified as E5 and above on the applicable determination
date prescribed in subsection (b) (i.e., the last day of each calendar year) as a Specified
Employee for purposes of the Plan for the twelve-month period commencing of the applicable
April 1st date. However, if there are at least 200 Specified Employees without
regard to this provision, then it shall not apply. If there are less than 200 Specified
Employees without regard to this provision, but full application of this provision would cause
there to be more than 200 Specified Employees, then (to the extent necessary to avoid
exceeding 200 Specified Employees) those Employees classified as E5 and above who have the
lowest base salaries on such applicable determination date shall not be Specified Employees.

     2.27 Supplemental Company Retirement Contribution Subaccount. A Subaccount of a Participant’s
Account maintained to reflect the Participant’s interest in the Plan attributable to Employer
allocations prescribed in Section 4.2.

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     2.28 Valuation Date. Each date, as determined by the Plan Administrator from time to time, as
of which Participant Accounts are valued in accordance with Plan procedures.

ARTICLE III – ELIGIBILITY AND PARTICIPATION

     3.1 Eligibility to Participate.

	(a)	 	In General.

	 	(1)	 	Each Employee who is eligible for Company Retirement Contributions under the
Savings Plan and (i) whose allocations of Company Retirement Contributions under such
plan are curtailed by the Compensation Limit; or (ii) who elects to make elective
deferrals under the EID shall be eligible to participate in this Plan.
	 
	 	(2)	 	Notwithstanding paragraph (1) above, from time to time the Plan Administrator
may modify, limit or expand the class of individuals eligible to participate in the
Plan, pursuant to criteria for eligibility that need not be uniform among all or any
group of Employees.

	(b)	 	During the period an individual satisfies all of the eligibility requirements of this
section, he or she shall be referred to as an Eligible Employee.

	(c)	 	Each Eligible Employee becomes an active Participant on the date an amount is first credited
to the Eligible Employee’s Account by the Recordkeeper or the Plan Administrator pursuant to
Section 4.1.

     3.2 Termination of Participation. An individual, who has been an active Participant under the
Plan, ceases to be a Participant on the date his or her Account is fully paid out.

ARTICLE IV – CONTRIBUTIONS

     4.1 Company Retirement Contributions. As soon as administratively feasible following the end
of each calendar year (or, in the event the Eligible Employee Separates from Service during such
year, as soon as administratively feasible following Separation from Service), the Plan
Administrator shall credit each Eligible Employee’s Company Retirement Contribution Subaccount the
amount, if any, determined under Section 4.4.

     4.2 Supplemental Company Retirement Contributions. As soon as administratively feasible
following each payroll period of an Employer, the Plan Administrator shall credit each Eligible
Employee’s Supplemental Company Retirement Contribution Subaccount an amount, if any, equal to two
percent (2%) of the Eligible Employee’s Savings Plan Pay for such period in excess of the
Compensation Limit. As soon as administratively feasible following the end of each calendar year
(or, in the event the Eligible Employee Separates from Service during such

- 5 -

 

year, as soon as administratively feasible following Separation from Service), the Plan
Administrator shall credit each Eligible Employee’s Supplemental Company Retirement Contribution
Subaccount the amount, if any, determined under Section 4.4.

     4.3 Nonqualified Holding Contributions. As soon as administratively feasible following each
payroll period of an Employer, the Plan Administrator shall credit each Eligible Employee’s
Nonqualified Holding Contribution Subaccount an amount, if any, equal to two percent (2%) of the
Eligible Employees elective EID deferrals for such period.

     4.4 Transfers to Company Retirement Contribution and Supplemental Company Retirement
Contribution Subaccounts. As soon as administratively feasible following the last day of each
calendar year (or in the event a Participant Separates from Service during such year, as soon as
administratively feasible following Separation from Service), the Plan Administrator shall transfer
from each Participant’s Nonqualified Holding Contribution Subaccount to such Participant’s Company
Retirement Contribution Subaccount an amount, if any, equal to the sum of (i) the Participant’s
elective EID deferrals credited for such calendar year that do not exceed the difference between
the Compensation Limit and the Participant’s Savings Plan Pay not in excess of such Limit,
multiplied by two percent (2%); and (ii) gains and losses credited with respect to such amount for
such calendar year, determined by the Plan Administrator based on the ratio of contributions to be
transferred and the total contribution to the subaccount for such year. After such transfer, the
balance in the Eligible Employee’s Nonqualified Holding Contribution Subaccount shall be
transferred to such Participant’s Supplemental Company Retirement Contribution Subaccount.

     4.5 Maximum Company Contributions. Notwithstanding any provisions of the Plan to the
contrary, in no event shall the Company Contributions credited to a Participant’s Account exclusive
of gains and losses credited in accordance with Section 5.2(b), for a calendar year exceed two
percent (2%) of such Participant’s Compensation for such year, less the amount credited to the
Participant’s Company Retirement Contribution Account in the Savings Plan.

ARTICLE V – PARTICIPANT ACCOUNTS

     5.1 Establishment of Participant Accounts. The Plan Administrator shall establish and
maintain an Account for each Participant to which amounts credited pursuant to this Plan, and the
investment performance of underlying investments attributable to such amounts will be credited.

     5.2 Credits to Accounts.

	(a)	 	The Plan Administrator shall credit amounts prescribed in Article IV to the Account of the
Participant as soon as administratively feasible after such amount is determined.

	(b)	 	Account Earnings or Losses. As of each Valuation Date, a Participant’s Account shall be
credited with earnings and gains (and shall be debited for expenses and losses)

- 6 -

 

	 	 	determined as if the amounts credited to his or her Account had actually been invested as
directed by the Participant in accordance with this Article. The Plan provides only for
“phantom investments,” and therefore such earnings, gains, expenses and losses are
hypothetical and not actual. However, they shall be applied to measure the value of a
Participant’s Account and the amount of his or her Employer’s liability to make deferred
payments to or on behalf of the Participant.

     5.3 Investment Options.

	(a)	 	General. Each Participant’s Account shall be invested on a phantom basis in any combination
of phantom investment options specified by the Participant from those offered by the Plan
Administrator for this purpose from time to time. The Plan Administrator may discontinue any
phantom investment option with respect to some or all Accounts, and it may provide rules for
transferring a Participant’s phantom investment from the discontinued option to a specified
replacement option (unless the Participant selects another replacement option in accordance
with such requirements as the Plan Administrator may apply).

	(b)	 	Phantom Investment Options. The basic phantom investment options offered under the Plan are
as follows:

	 	(1)	 	Phantom PBG Stock Fund. Participant Accounts (or designated portions thereof)
invested in this phantom option are adjusted to reflect an investment in the PBG Stock
Fund, which is offered under the Savings Plan. An amount initially invested or
transferred into this option is converted to phantom units in the PBG Stock Fund by
dividing such amount by the NAV of the fund on the Valuation Date as of which the
amount is treated as invested in this option by the Plan Administrator. A
Participant’s interest in the Phantom PBG Stock Fund is valued as of a Valuation Date
(or a Distribution Valuation Date) by multiplying the number of phantom units credited
to the Participant’s Account on such date by the NAV of a unit in the PBG Stock Fund on
such date. If shares of PBG Common Stock change by reason of any stock split, stock
dividend, recapitalization, merger, consolidation, spin-off, combination or exchange of
shares or other any other corporate change treated as subject to this provision by the
Plan Administrator, such equitable adjustment shall be made in the number and kind of
phantom units credited to an Account as the Plan Administrator may determine to be
necessary or appropriate. In no event will shares of PBG Common Stock actually be
purchased or held under this Plan, and no Participant shall have any rights as a
shareholder of PBG Common Stock on account of an interest in this phantom option.
	 
	 	(2)	 	Phantom Savings Plan Funds. From time to time, the Plan Administrator shall
designate which (if any) of the investment options under the Savings Plan shall be
available as phantom investment options under this Plan. Participant Accounts invested
in these phantom options are adjusted to reflect an investment in the

- 7 -

 

	 	 	 	corresponding investment options under the Savings Plan. An amount initially
credited or transferred into one of these options is converted to phantom units in
the applicable Savings Plan fund of equivalent value by dividing such amount by the
NAV of a unit in such fund on the date as of which the amount is treated as invested
in the option by the Plan Administrator. Thereafter, a Participant’s interest in
each such phantom option is valued as of a Valuation Date (or a Distribution
Valuation Date) by multiplying the number of phantom units credited to his or her
Account on such date by the NAV of a unit in the applicable Savings Plan fund on
such date.
	 
	 	(3)	 	Other Funds. From time to time, the Plan Administrator shall designate which
(if any) other investment options shall be available as phantom investment options
under this Plan. These may be in addition to those provided for above. They may also
be in lieu of some or all of them. Any of these phantom investment options shall be
administered under procedures implemented from time to time by the Plan Administrator.

     5.4 Method of Allocation.

	(a)	 	The Participant must designate, in accordance with procedures established by the Plan
Administrator, the allocation of credits to the Participant’s Account in 5% increments among
the phantom investment options then offered by the Plan Administrator. If such a designation
specifies phantom investment options for less than 100% of the Participant’s Account, the Plan
Administrator shall allocate the Participant’s Account to a default fund designated by the
Plan Administrator to the extent necessary to provide for investment of 100% of the credits to
such Participant’s Account. If an election specifies phantom investment options for more than
100% of the amounts credited for the Participant’s Account, the election shall be void and the
Participant must make a new election. In the absence of a valid election, the Plan
Administrator shall allocate the Participant’s Account to a default fund designated by the
Plan Administrator.
	 
	(b)	 	Fund Transfers. A Participant may reallocate previously credited amounts among the phantom
investment options in accordance with procedures established by the Plan Administrator. Such
an election must specify, in 1% increments, but not less than $250.00, the reallocation of his
or her Account among the phantom investment options then offered by the Plan Administrator for this purpose.
If a fund transfer election provides for investing less than or more than 100% of the Participant’s Account, it will be
void and no transfers shall be made. Fund transfers shall be effective as of the Valuation Date next occurring after
receipt by the Recordkeeper, but the Plan Administrator or the Recordkeeper may also specify a minimum number of days
in advance of which such transfer instruction must be received in order to become effective as of such next Valuation Date.
If more than one transfer request is received on a timely basis for an Account, the transfer request that the Plan Administrator
or Recordkeeper determines to be the most recent shall be followed.

- 8 -

 

	(c)	 	Phantom PBG Stock Fund Restrictions. To the extent necessary to ensure compliance with Rule
16b-3(f) of the Securities Exchange Act of 1934, the Company may arrange for tracking of any
such transaction defined in Rule 16b-3(b)(1) of the Securities Exchange Act of 1934 involving
the Phantom PBG Stock Fund and the Company may bar any such transaction to the extent it would
not be exempt under Rule 16b-3(f). The Company may impose blackout periods pursuant to the
requirements of the Sarbanes-Oxley Act of 2002 whenever the Company determines that
circumstances warrant. Further, the Company may impose quarterly blackout periods on insider
trading in the Phantom PBG Stock Fund as needed (as determined by the Company), timed to
coincide with the release of the Company’s quarterly earnings reports. The commencement and
termination of these blackout periods in each quarter, the parties to which they apply and the
activities they restrict shall be as set forth in the official insider trading policy
promulgated by the Company from time to time.

     5.5 Vesting of a Participant’s Account; Misconduct. Subject to the following paragraph, the
amount credited to a Participant’s Supplemental Company Retirement Contribution Subaccount and
Nonqualified Holding Contribution Subaccount shall be fully vested on the earlier of the date the
Participant, while an Employee, (a) has completed ten years of Service, as defined by the Savings
Plan, and attained age 55, (b) has completed five years of Service, as defined by the Savings Plan,
and attained age 65 and (c) dies. The amount credited to a Participant’s Company Retirement
Contribution Subaccount (after all transfers prescribed in Section 4.4), if any, shall be fully
vested on the earlier of the date the Participant (a) has completed three years of Service, as
defined in the Savings Plan, and (b) dies.

          Notwithstanding any other provisions of this Plan, including this Section 5.5, to the
contrary, a Participant shall forfeit his or her entire Account if the Plan Administrator
determines that such Participant has engaged in “Misconduct” as defined below. The Plan
Administrator may, in its sole discretion, require the Participant to pay to the Employer any
amount distributed to the Participant from the Participant’s Account within the twelve month period
immediately preceding a date on which the Participant engaged in such Misconduct, as determined by
the Plan Administrator.

          “Misconduct” means any of the following, as determined by the Plan Administrator in good
faith: (i) violation of any agreement between the Company or Employer and the Participant,
including but not limited to a violation relating to the disclosure of confidential information or
trade secrets, the solicitation of employees, customers, suppliers, licensors or contractors, or
the performance of competitive services; (ii) violation of any duty to the Company or Employer,
including but not limited to violation of the Company’s Code of Conduct; (iii) making, or causing
or attempting to cause any other person to make, any statement (whether written, oral or
electronic), or conveying any information about the Company or Employer which is disparaging or
which in any way reflects negatively upon the Company or Employer unless required by law or
pursuant to a Company or Employer policy; (iv) improperly disclosing or otherwise misusing any
confidential information regarding the Company or Employer; (v) unlawful trading in the securities
of the Company or of another company based on information garnered as a result of that
Participant’s employment or other relationship with the

- 9 -

 

Company; (vi) engaging in any act which is considered to be contrary to the best interests of
the Company or Employer, including but not limited to recruiting or soliciting employees of the
Employer; or (vii) commission of a felony or other serious crime or engaging in any activity which
constitutes gross misconduct.

ARTICLE
VI – PAYMENT OF BENEFITS

     6.1 Time and Form of Payment. Subject to Sections 6.2 and 6.5, the balance credited to an
Account, to the extent vested, shall be payable in a single lump sum payment on the first day of
the month following the Distribution Valuation Date that next follows the earlier of (i) the
Participant’s Separation from Service; and (ii) a change in control of the Participant’s Employer
(other than the Company), as defined in Section 409A.

     6.2 Six Month Deferral. If the Participant is classified as a Specified Employee at the time
of the Participant’s Separation from Service (or at such other time for determining Specified
Employee status as may apply under Section 409A), then such Participant’s vested Account shall be
paid, as a result of the Participant’s Separation from Service, on the first day of the month next
following the first Distribution Valuation Date that occurs at least six months after the
Participant’s Separation from Service.

     6.3 Distributions on Account of Death. Upon a Participant’s death, the value of the
Participant’s Vested Account under the Plan shall be distributed to the Participant’s Beneficiary
in a single lump sum payment on the first day of the month following the Distribution Valuation
Date next following the date of the Participant’s death.

          Each Participant may designate a Beneficiary or Beneficiaries (contingently, consecutively, or
successively) of a death benefit and, from time to time, may change his or her designated
Beneficiary. A Beneficiary may be a trust. A beneficiary designation shall be made in writing in
a form prescribed by the Plan Administrator and delivered to the Plan Administrator while the
Participant is alive. The designation of a non-spouse Beneficiary shall be vested only if the
Participant’s spouse shall have in writing consented to such designation, the consent acknowledges
the effect of such designation, and the consent is witnessed by a Plan representative or a notary
public. If there is no designated Beneficiary surviving at the death of a Participant, payment of
any death benefit of the Participant shall be made to the surviving spouse of the Participant, and
if the Participant leaves no spouse, to the surviving children of the Participant and if the
Participant leaves no spouse or children surviving, to the estate of the Participant.

     6.4 Valuation. In determining the amount of a distribution pursuant to this Article, the
Participant’s Account shall continue to be credited with earnings and gains (and debited for
expenses and losses) as specified in Article V until the Distribution Valuation Date that is used
in determining the amount of the distribution under this Article.

     6.5 Automatic Deferral. Notwithstanding any other provision of this Plan to the contrary, and
subject to the requirements of Treas. Reg. § 1.409A-2(b)(7)(i), no amount shall be

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paid to any Participant before the earliest date on which the Employer’s federal income tax
deduction for such payment is not precluded by Section 162(m) of the Code. In the event any
payment is delayed solely as a result of the preceding restriction, such payment shall be made not
later than the later of the last day of the Participant’s taxable year that includes the date as of
which the Employer reasonably anticipates that Section 162(m) of the Code no longer precludes the
deduction by the Employer, and the date specified in Section 6.6. The Participant is not permitted
to designate the taxable year of payment.

     6.6 Actual Date of Payment. An amount payable on a date specified in this Article VI shall be
paid as soon as administratively feasible after such date; but no later than the later of (a) the
end of the calendar year in which the specified date occurs; or (b) the 15th day of the
third calendar month following such specified date and the Participant (or Beneficiary) is not
permitted to designate the taxable year of the payment. The payment date may be postponed further
if calculation of the amount of the payment is not administratively practicable due to events
beyond the control of the Participant (or Beneficiary), and the payment is made in the first
calendar year in which the calculation of the amount of the payment is administratively
practicable.

     6.7 Impact of Securities Law on Distributions. The provisions of Section 5.4(c) and this
Section 6.7 shall apply in determining whether a Participant’s distribution shall be delayed beyond
the date applicable under the preceding provisions of this Article VI.

	(a)	 	In General. This Plan is intended to be a formula plan for purposes of Section 16 of the
Securities Exchange Act of 1934 (the “Act”). Accordingly, in the case of a deferral or other
action under the Plan that constitutes a transaction that could be covered by Rule 16b-3(d) or
(e) of the Act, if it were approved by the Company’s Board of Directors or the Compensation
Committee (“Board Approval”), it is intended that the Plan shall be administered by delegates
of the Compensation Committee, in the case of a Participant who is subject to Section 16 of
the Act, in a manner that will permit the Board Approval of the Plan to avoid any additional
Board Approval of specific transactions to the maximum possible extent.
	 
	(b)	 	Approval of Distributions: This subsection shall govern the distribution of a deferral that
(i) is wholly or partly invested in the Phantom PBG Stock Fund at the time the deferral would
be valued to determine the amount of cash to be distributed to a Participant, (ii) was not
covered by an agreement, made at the time of the Participant’s original phantom investment
election, that any investments in the Phantom PBG Stock Fund would, once made, remain in that
fund until distribution, (iii) is made to a Participant who is subject to Section 16 of the
Act at the time the interest in the Phantom PBG Stock Fund would be liquidated in connection
with the distribution, and (iv) if paid at the time the distribution would be made without
regard to this subsection, could result in a violation of Section 16 of the Act because there
is an opposite way transaction that would be matched with the liquidation of the Participant’s
interest in the Phantom PBG Stock Fund (either as a “discretionary transaction,” within the
meaning of Rule 16b-3(b)(1), or as a regular transaction, as applicable) (a “Covered
Distribution”). In the case

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	 	 	of a Covered Distribution, if the liquidation of the Participant’s interest in the Phantom
PBG Stock Fund in connection with the distribution has not received Board Approval by the
time the distribution would be made if it were not a Covered Distribution, or if it is a
discretionary transaction, then the actual distribution to the Participant shall be delayed
only until the earlier of:

	 	(1)	 	In the case of a transaction that is not a discretionary transaction, Board
Approval of the liquidation of the Participant’s interest in the Phantom PBG Stock Fund
in connection with the distribution, and
	 
	 	(2)	 	The date the distribution would no longer violate Section 16 of the Act, e.g.,
when the Participant is no longer subject to Section 16 of the Act, when the balance
related to the distribution is no longer invested in the Phantom PBG Stock Fund, or
when the time between the liquidation and an opposite way transaction is sufficient.

ARTICLE VII — PLAN ADMINISTRATION

     7.1 Plan Administrator. The Plan Administrator is responsible for the administration of the
Plan. The Plan Administrator has the authority to name one or more delegates to carry out certain
responsibilities hereunder, as specified in Section 7.3. Any such delegation shall state the scope
of responsibilities being delegated.

     7.2 Action. Action by the Plan Administrator may be taken in accordance with procedures that
the Plan Administrator adopts from time to time or that the Company’s Law Department determines are
legally permissible.

     7.3 Powers of the Plan Administrator. The Plan Administrator shall administer and manage the
Plan and shall have (and shall be permitted to delegate) all powers necessary to accomplish that
purpose, including the following:

	(a)	 	To exercise its discretionary authority to construe, interpret, and administer this Plan;
	 
	(b)	 	To exercise its discretionary authority to make all decisions regarding eligibility,
participation and credits to Accounts, to make allocations and determinations required by this
Plan, and to maintain records regarding Participants’ Accounts;
	 
	(c)	 	To compute and certify to the Employers the amount and kinds of payments to Participants or
their Beneficiaries, and to determine the time and manner in which such payments are to be
paid;
	 
	(d)	 	To authorize all disbursements by the Employer pursuant to this Plan;

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	(e)	 	To maintain (or cause to be maintained) all the necessary records for administration of this
Plan;
	 
	(f)	 	To make and publish such rules for the regulation of this Plan as are not inconsistent with
the terms hereof;
	 
	(g)	 	To delegate to other individuals or entities from time to time the performance of any of its
duties or responsibilities hereunder;
	 
	(h)	 	To establish or to change the phantom investment options or arrangements under Article V;
	 
	(i)	 	To hire agents, accountants, actuaries, consultants and legal counsel to assist in operating
and administering the Plan; and
	 
	(j)	 	Notwithstanding any other provision of this Plan, the Plan Administrator or the Recordkeeper
may take any action the Plan Administrator deems is necessary to assure compliance with any
policy of the Company respecting insider trading as may be in effect from time to time. Such
actions may include altering the effective date of intra-fund transfers or the distribution
date of Accounts. Any such actions shall alter the normal operation of the Plan to the
minimum extent necessary, and shall comply with any applicable requirements of Section 409A.

     The Plan Administrator has the exclusive and discretionary authority to construe and to
interpret the Plan, to decide all questions of eligibility for benefits, to determine the amount
and manner of payment of such benefits and to make any determinations that are contemplated by (or
permissible under) the terms of this Plan, and its decisions on such matters will be final and
conclusive on all parties. Any such decision or determination shall be made in the absolute and
unrestricted discretion of the Plan Administrator, even if (1) such discretion is not expressly
granted by the Plan provisions in question, or (2) a determination is not expressly called for by
the Plan provisions in question, and even though other Plan provisions expressly grant discretion
or call for a determination. As a result, benefits under this Plan will be paid only if the Plan
Administrator decides in its discretion that the applicant is entitled to them. In the event of a
review by a court, arbitrator or any other tribunal, any exercise of the Plan Administrator’s
discretionary authority shall not be disturbed unless it is clearly shown to be arbitrary and
capricious.

     7.4 Compensation, Indemnity and Liability. The Plan Administrator will serve without bond and
without compensation for services hereunder. All expenses of the Plan and the Plan Administrator
will be paid by the Employers. To the extent deemed appropriate by the Plan Administrator, any
such expense may be charged against specific Participant Accounts, thereby reducing the obligation
of the Employers. No member of the Compensation Committee (which serves as the Plan
Administrator), and no individual acting as the delegate of such committee, shall be liable for any
act or omission of any other member or individual, nor for any act or omission on his or her own
part, excepting his or her own willful misconduct. The Employers

- 13 -

 

will indemnify and hold harmless each member of the Compensation Committee and any employee of
the Company (or a Company affiliate, if recognized as an affiliate for this purpose by the Plan
Administrator) acting as the delegate of such committee against any and all expenses and
liabilities, including reasonable legal fees and expenses, arising in connection with this Plan out
of his or her membership on the Compensation Committee (or his or her serving as the delegate of
such committee), excepting only expenses and liabilities arising out of his or her own willful
misconduct or bad faith.

     7.5 Withholding. The Employer shall withhold from amounts due under this Plan, the amount
necessary to enable the Employer to remit to the appropriate government entity or entities on
behalf of the Participant as may be required by the federal income tax withholding provisions of
the Code, by an applicable state’s income tax, or by an applicable city, county or municipality’s
earnings or income tax act. The Employer shall withhold from the payroll of, or collect from, a
Participant the amount necessary to remit on behalf of the Participant any FICA taxes which may be
required with respect to amounts accrued by a Participant hereunder, as determined by the Company.

ARTICLE
VIII – CLAIMS PROCEDURE

     8.1 Claims for Benefits. If a Participant, Beneficiary or other person (hereafter,
“Claimant”) does not receive timely payment of any benefits which he or she believes are due and
payable under the Plan, he or she may make a claim for benefits to the Plan Administrator. The
claim for benefits must be in writing and addressed to the Plan Administrator. If the claim for
benefits is denied, the Plan Administrator will notify the Claimant within 90 days after the Plan
Administrator initially received the benefit claim. However, if special circumstances require an
extension of time for processing the claim, the Plan Administrator will furnish notice of the
extension to the Claimant prior to the termination of the initial 90-day period and such extension
may not exceed one additional, consecutive 90-day period. Any notice of a denial of benefits shall
advise the Claimant of the basis for the denial, any additional material or information necessary
for the Claimant to perfect his or her claim, and the steps which the Claimant must take to appeal
his or her claim for benefits.

     8.2 Appeals of Denied Claims. Each Claimant whose claim for benefits has been denied may file
a written appeal for a review of his or her claim by the Plan Administrator. The request for
review must be filed by the Claimant within 60 days after he or she received the notice denying his
or her claim. The decision of the Plan Administrator will be communicated to the Claimant within
60 days after receipt of a request for appeal. The notice shall set forth the basis for the Plan
Administrator’s decision. However, if special circumstances require an extension of time for
processing the appeal, the Plan Administrator will furnish notice of the extension to the Claimant
prior to the termination of the initial 60-day period and such extension may not exceed one
additional, consecutive 60-day period.

     8.3 Limitations on Actions. Any claim filed under this Article VIII and any action brought in
state or federal court by or on behalf of a Participant or a Beneficiary for the alleged

- 14 -

 

wrongful denial of Plan benefits or for the alleged interference with ERISA-protected rights
must be brought within three years of the date the Participant’s or Beneficiary’s cause of action
first accrues. Failure to bring any such cause of action within this three-year time frame shall
preclude a Participant or Beneficiary, or any representative of the Participant or Beneficiary,
from bringing the claim or cause of action. Correspondence or other communications following the
mandatory appeals process described in this Article VIII shall have no effect on this three-year
time frame.

ARTICLE
IX – AMENDMENT AND TERMINATION

     9.1 Amendment of Plan. The Compensation Committee has the right in its sole discretion to
amend this Plan in whole or in part at any time and in any manner, including the manner of making
deferral elections, the terms on which distributions are made, and the form and timing of
distributions. However, except for mere clarifying amendments necessary to avoid an inappropriate
windfall, no Plan amendment shall reduce the vested amount credited to the Account of any
Participant as of the date such amendment is adopted. Any amendment shall be in writing and
adopted by the Compensation Committee. All Participants and Beneficiaries shall be bound by such
amendment. Any amendments made to the Plan shall be subject to any restrictions on amendment that
are applicable to ensure continued compliance under Section 409A.

     Notwithstanding the preceding, the Company’s Senior Vice President — Human Resources may
amend the Plan without the consent of the Compensation and Management Development Committee for the
purposes of (i) conforming the Plan to the requirements of law, (ii) facilitating the
administration of the Plan, and (iii) clarifying provisions based on the Committee’s interpretation
of the document; provided that such amendment does not relate to the Plan provisions and
restrictions for ensuring compliance with Rule 16b-3 of the Act.

     9.2 Termination of Plan. The Company may terminate the Plan and all other plans aggregated
with the Plan pursuant to Treas. Reg. §1.409A-1(c), and distribute all vested amounts credited to
Participants’ Accounts in a lump sum after the first anniversary of the date of the Plan
termination and before the second anniversary of the date of the Plan termination, subject to the
restrictions on maintaining future deferred compensation arrangements set forth in Treas. Reg.
§1.409A-3(h)(2)(viii) (no new nonqualified plan within three years).

     The Company also may terminate the Plan and distribute all vested amounts credited to
Participants’ Accounts in a lump sum payment within twelve months after a change in control as
permitted under Section 409A.

     The Company also may terminate the Plan and distribute all vested amounts credited to
Participants’ Accounts in a lump sum payment as of the date of the corporate dissolution of the
Company in a transaction taxable under Section 331 of the Code or in the event of the bankruptcy of
the Company with the approval of the Bankruptcy Court pursuant to 11 U.S.C. §504(b)(1).

- 15 -

 

     In addition, the Company may terminate the Plan and distribute all vested amounts credited to
Participants’ Accounts as may otherwise be permitted by the Commissioner of the Internal Revenue
Service under Section 409A.

     A termination of the Plan must comply with the provisions of Section 409A, including, but not
limited to, restrictions on the timing of final distributions and the adoption of future deferred
compensation arrangements.

ARTICLE
X – MISCELLANEOUS

     10.1 Limitation on Participant’s Rights. Participation in this Plan does not give any
Participant the right to be retained in the Employer’s or Company’s employ (or any right or
interest in this Plan or any assets of the Company or Employer other than as herein provided). The
Company and the Employers reserve the right to terminate the employment of any Participant without
any liability for any claim against the Company or the Employers under this Plan, except for a
claim for payment of deferrals as provided herein.

     10.2 Unfunded Obligation of Individual Employer. The benefits provided by this Plan are
unfunded. All amounts payable under this Plan to Participants are paid from the general assets of
the Participant’s individual Employer. Nothing contained in this Plan requires the Company or an
Employer to set aside or hold in trust any amounts or assets for the purpose of paying benefits to
Participants. Neither a Participant, Beneficiary, nor any other person shall have any property
interest, legal or equitable, in any specific Employer asset. This Plan creates only a contractual
obligation on the part of a Participant’s Employer, and the Participant has the status of a general
unsecured creditor of this Employer with respect to amounts of compensation deferred hereunder.
Such a Participant shall not have any preference or priority over, the rights of any other
unsecured general creditor of the Employer. No other Employer guarantees or shares such
obligation, and no other Employer shall have any liability to the Participant or his or her
Beneficiary. In the event, a Participant transfers from the employment of one Employer to another,
the former Employer shall transfer the liability for deferrals made while the Participant was
employed by that Employer to the new Employer (and the books of both Employers shall be adjusted
appropriately).

     10.3 Other Plans. This Plan shall not affect the right of any Participant to participate in
and receive benefits under and in accordance with the provisions of any other employee benefit
plans which are now or hereafter maintained by any Employer, unless the terms of such other
employee benefit plan or plans specifically provide otherwise or it would cause such other plan to
violate a requirement for tax favored treatment.

     10.4 Receipt or Release. Any payment to a Participant in accordance with the provisions of
this Plan shall, to the extent thereof, be in full satisfaction of all claims against the Plan
Administrator, the Recordkeeper, the Employers and the Company, and the Plan

- 16 -

 

Administrator may require such Participant, as a condition precedent to such payment, to
execute a receipt and release to such effect.

     10.5 Governing Law. This Plan shall be construed, administered, and governed in all respects
in accordance with applicable federal law and, to the extent not preempted by federal law, in
accordance with the laws of the State of New York. If any provisions of this instrument shall be
held by a court of competent jurisdiction to be invalid or unenforceable, the remaining provisions
hereof shall continue to be fully effective.

     10.6 Adoption of Plan by Related Employers. The Plan Administrator may select as an Employer
any subsidiary or affiliate related to the Company by ownership (and that is a member of the PBG
Organization), and permit or cause such division, subsidiary or affiliate to adopt the Plan. The
selection by the Plan Administrator shall govern the effective date of the adoption of the Plan by
such related Employer. The requirements for Plan adoption are entirely within the discretion of
the Plan Administrator and, in any case where the status of an entity as an Employer is at issue,
the determination of the Plan Administrator shall be absolutely conclusive.

     The amounts credited to the Account of a Participant are not (except as provided in Section
7.5) subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge,
encumbrance, charge, garnishment, execution or levy of any kind, either voluntary or involuntary,
and any attempt to anticipate, alienate, sell, transfer, assign, pledge, encumber, charge or
otherwise dispose of any right to any benefits payable hereunder, including, without limitation,
any assignment or alienation in connection with a separation, divorce, child support or similar
arrangement, will be null and void and not binding on the Plan or the Company or any Employer.
Notwithstanding the foregoing, the Plan Administrator reserves the right to make payments in
accordance with a divorce decree, judgment or other court order as and when cash payments are made
in accordance with the terms of this Plan from the Account of a Participant. Any such payment
shall be charged against and reduce the Participant’s Account.

     10.7 Facility of Payment. Whenever, in the Plan Administrator’s opinion, a Participant or
Beneficiary entitled to receive any payment hereunder is under a legal disability or is
incapacitated in any way so as to be unable to manage his or her financial affairs, the Plan
Administrator may direct the Employer to make payments to such person or to the legal
representative of such person for his or her benefit, or to apply the payment for the benefit of
such person in such manner as the Plan Administrator considers advisable. Any payment in
accordance with the provisions of this section shall be a complete discharge of any liability for
the making of such payment to the Participant or Beneficiary under the Plan.

- 17 -EX-10.35

Exhibit 10.35

	 	 	On this 25th day of December 2008 in Moscow, Russian Federation
	 
	 	 	Frito Lay Manufacturing LLC whose registered address is Mezheninova, 5, Kashira, Moscow
Region, Russian Federation in the person of its general director, Paul Kiesler acting on
the basis of the charter of the company on the one hand
	 
	 	 	And
	 
	 	 	PepsiCo Holdings LLC whose registered address is Sherrizone, Moscow Region, Russian
Federation in the person of its general director, Marina Ostrovskaya acting on the basis of
the charter of the company on the other hand
	 
	 	 	have reached the following agreement:
	 
	1	 	Definitions
	 
	 	 	Throughout this Agreement, unless the context expressly admits otherwise, the following
words and phrases shall have the following meanings:
	 
	 	 	Agreement means this master distribution agreement signed between FLM and PCH.
	 
	 	 	AOP means FLM’s prevailing annual operating plan for the sale of the Products in the
Russian Federation to be determined by FLM and communicated to PCH.
	 
	 	 	Beverages means any beverage distributed by PCH.
	 
	 	 	Case means a raw case of the Products, determined according to the Product list, set forth
in Schedule F as amended from time to time by FLM.
	 
	 	 	Channel means either the Modern Trade, the Traditional Trade or the Indirect Channel (as
the case may be.)
	 
	 	 	Combined Sales Force means all those sales persons employed by PCH and engaged in the sale
of the Products together with the sale of the Beverages.
	 
	 	 	Combined Cities means all those cities or oblasts in which the Combined Sales Force
collects orders for the Products and which at the Effective Date are those set forth in
Schedule S.
	 
	 	 	Credit Limit means the total amount of money which PCH may owe FLM at any time for the
Products and which shall not exceed the value of all Products purchased by PCH during any
thirty day period or such other period as the Parties may agree from time to time, such
value being determined on the basis of the prevailing Price List.

1

 

	 	 	Credit Terms means those credit terms granted by PCH to Customers from time to time in
accordance herewith.
	 
	 	 	Customers means any legal or physical entity purchasing the Products and/or Beverages from
PCH.
	 
	 	 	Database means a data base containing Customer and transactional information and maintained
by PCH in accordance with clause 11.
	 
	 	 	Dedicated Sales Force means all those sales persons employed by PCH and engaged solely in
the sale of the Products.
	 
	 	 	Dedicated Cities means all those cities and oblasts in which the Dedicated Sales Force
collects some or all of orders for the Products arising in such city and which at the
Effective Date are those set forth in Schedule S.
	 
	 	 	DS3 Customer means any 3PD Customer some or all of whose sales force is employed by PCH.
Any sales made by such sales force shall be deemed to have been made by the Sales Force.
Any sales made directly by a DS3 Customer (and not by such sales force) shall be deemed to
form part of sales into the Indirect Channel.
	 
	 	 	Effective Date means the date on which this Agreement shall come into force and this shall
be 1st of January 2009.
	 
	 	 	FLM means Frito Lay Manufacturing LLC whose registered address is 142 900, Mezheninova, 5,
Kashira, Moscow Region, Russian Federation.
	 
	 	 	Forecast means a forecast jointly prepared by the Parties pursuant to clause 6.2 setting
out, inter alia, the Parties’ commercial expectations for the following year and the
financial assumptions on which they are based.
	 
	 	 	Indirect Channel means that channel comprised of 3PD Customers or wholesalers who purchase
the Products primarily for resale to other distributors or retailers.
	 
	 	 	KPI(s) means all those key performance indicators determined by FLM (taking into account
the reasonable opinions of PCH) and which PCH shall track and report to FLM in accordance
with Schedules L and S. and the introduction of which shall be subject to the prior
approval of PCH, such approval not to be unreasonably withheld or delayed.
	 
	 	 	Modern Trade means any hypermarket, supermarket, discounter or any other Customer falling
within this channel according to PCH’s channel classification prevailing on the Effective
Date together with such other Customers as the Parties may determine (from time to time)
acting reasonably.
	 
	 	 	Pallet means those pallets belonging to FLM on which the Product is shipped to PCH.

2

 

	 	 	Parties means FLM and PCH.
	 
	 	 	PCH means PepsiCo Holdings LLC whose registered address is Sherrizone, Moscow Region,
Russian Federation.
	 
	 	 	Price List shall mean the rouble price list setting out the prices at which FLM shall sell
the Products to PCH and such list shall be determined in accordance with Schedule F,
subject to clause 6.5. The Price List prevailing on the Effective Date is set forth at
Schedule F.
	 
	 	 	Products means all those products sold by FLM to PCH from time to time pursuant hereto, all
of which shall conform to the Quality Documents.
	 
	 	 	Proposing Party shall have the meaning ascribed to it in clause 6.5 of this Agreement.
	 
	 	 	Quality Specifications means all those quality specifications to which the Products shall
conform in accordance with Russian law.
	 
	 	 	Quality Documents means the certificate of conformity, sanitary epidemiological conclusion
and confirmation of quality and fitness for consumption for each of the Products.
	 
	 	 	Sales Force means either the Combined Sales Force or the Dedicated Sales Force (as the case
may be.)
	 
	 	 	Schedule(s) mean all those schedules of this Agreement, which form an integral part hereof.
	 
	 	 	Total Sales Force means the Combined Sales Force and the Dedicated Sales Force.
	 
	 	 	Trademarks means “Lays”, “Lays Max”, “Cheetos” and “Hrusteam” and such other snack food
trademarks under which the Products are sold from time to time.
	 
	 	 	Traditional Trade means any Customer falling within this channel according to PCH’s channel
classification prevailing on the Effective Date (and this shall include on-premise
customers) together with such other Customers as the Parties may determine (from time to
time) acting reasonably.
	 
	 	 	Term means the term of this Agreement which shall be five years from the Effective Date
subject to the relevant provisions of clause 6 and17.
	 
	 	 	Volume Plan means the annual plan setting out by region, city, Sales Force and Channel the
volume of the Products to be sold during the following year throughout the Russian
Federation.

3

 

	 	 	3PD Agreements means a distribution or wholesale supply agreement (as the case may be)
concluded by PCH with a 3PD Customer for the supply of the Products and/or the Beverages.
	 
	 	 	3PD Customers means any wholesaler or distributor within the Indirect Channel which
purchases the Products from PCH.
	 
	2	 	General
	 
	 	 	With effect from the Effective Date FLM hereby appoints PCH as its distributor of the
Products in the Channels throughout the Term in accordance with the terms and conditions
hereof and PCH hereby accepts such appointment.
	 
	3	 	Sale of Products to PCH
	 
	3.1	 	FLM shall sell the Products to PCH at the Price List, prevailing on the day on which
shipment of the Products [is scheduled to take place] [takes place.]
	 
	3.2	 	Any amendments to the Price List made in accordance herewith shall become effective 30
calendar days after PCH’s receipt of electronic notice thereof.
	 
	3.3	 	FLM shall recognize the income from the sale of Products to PCH at the moment of their
delivery to PCH, which shall be deemed to have taken place upon signing of an act of
acceptance by a duly authorized representative of PCH, whereupon title and risk in the
Products shall pass to PCH.
	 
	3.4	 	If FLM delivers Products directly to Customers, FLM shall recognize the income from such
sale from the moment a duly authorized representative of PCH confirms in writing that the
Products have been loaded onto the delivery truck, whereupon title in the Products shall pass
to PCH.
	 
	3.5	 	The Parties shall exchange between each other in accordance with their usual practices
information confirming shipment and delivery of the Products to ensure their respective
finance departments effect mutual reconciliation of such information by the last working day
of each week and by the end of the first working day after each month of the Term.
	 
	3.6	 	The rights and obligations of the Parties with respect to the acceptance, rejection, and
repackaging of the Products together with the presentation and settlement of any claims by PCH
arising from the Products’ failure to conform to the Quality Specifications are set forth in
Schedule L.
	 
	4	 	PCH’s Payment Terms
	 
	4.1	 	PCH shall pay for the Products within 30 calendar days of the date of their shipment.
	 
	4.2	 	The Parties shall ensure that at any time PCH shall not owe FLM an amount in excess of the
Credit Limit.

4

 

	4.3	 	The Credit Limit shall be tracked by the Parties on a monthly basis.
	 
	4.4	 	The Parties shall review the Credit Limit annually in good faith taking into account
prevailing market conditions and shall endeavour to make reasonable changes thereto in the
light of such review.
	 
	4.5	 	The Credit Limit does not include the cost of any Pallets. If PCH fails to return a Pallet to
FLM within 6 months of its shipment in case of return to FLM’s Samara, Yekaterinburg &
Novosibirsk branches and 3 month of its shipment in case of return to FLM’s Moscow and St.
Petersburg branches PCH shall promptly pay FLM an amount equal to the prevailing invoice price
at which FLM purchases replacement Pallets pursuant to arm’s length transactions.
	 
	4.6	 	All those other rights and obligations of the Parties in relation to the Pallets are set
forth in Schedule L.
	 
	5	 	Terms of Delivery to PCH
	 
	5.1	 	The prices set forth in the prevailing Price List shall include the cost of primary
transportation to the agreed place of delivery, which FLM shall bear.
	 
	5.2	 	The delivery destinations and the standard delivery terms to which all Product sold and
distributed pursuant to the terms hereof shall be subject are more particularly described in
Schedules S & L.
	 
	5.3	 	The Parties shall abide by the procedure for the collection and submission of orders for the
Products by PCH together with the procedure for the fulfilment of such orders set forth in
Schedule L.
	 
	6	 	Determining & Amending the Price List
	 
	6.1	 	The Price List and growth bonuses, which shall be in force from the Effective Date
throughout 2009, subject to the provisions of clause 6.5 is set forth at Schedule F.
	 
	6.2	 	By 31st of October of each year of the Term commencing in 2009, the Parties shall
acting in good faith use all reasonable endeavours to agree the Forecast and the Price List.
	 
	6.3	 	The Forecast on which the Price List for 2009 is based is set forth in Schedule F.
	 
	6.4	 	No later than 30th of September each year the Parties shall commence the
negotiation of the Forecast and the Price List. If by 31st of October of each year
of the Term the Parties fail to agree in writing either the Forecast or the Price List for the
following year, this Agreement shall terminate on 1st of May of the following year.
	 
	6.5	 	At least once every quarter the Parties shall use their reasonable endeavours to review in
good faith the prevailing Forecast against the latest actual market

5

 

	 	 	data to which each component of the Forecast relates. If in the reasonable opinion of
either party the Forecast is materially different to such actual data, such party may
propose in writing appropriate amendment(s) to the Price List in the light of such
difference (“the Proposing Party”) and the Parties shall use all reasonable endeavours to
agree such amendments. If 30 days after the date upon which the Proposing Party delivers
notice of its proposal to the other party, the Parties have failed to reach agreement on
the amendments to the Price List, either party may terminate this Agreement by delivering
written notice thereof on the other party in which case this Agreement shall terminate six
months after the date of delivery of such notice.
	 
	6.6	 	Upon reasonable notice each party shall grant to the other prompt, full and unfettered access
to all books and records maintained by such party in order to permit the other party to
exercise its right of review set forth in clause 6.5.
	 
	6.7	 	If this Agreement is terminated pursuant to clauses 6.4 or 6.5, such termination shall not
amount to a breach of contract by either party and the Price List prevailing immediately prior
to (i) 31st of October (in the case of clause 6.4) or (ii) the delivery of the
Proposing Party’s notice (in the case of clause 6.5) shall remain in force until termination.
	 
	6.8	 	If the Parties fail to reach agreement on appropriate amendments to the Price List following
notice from the Proposing Party pursuant to clause 6.5 and neither Party terminates the
Agreement, the prevailing Price List shall remain in force until either the next quarterly
review pursuant to clause 6.5 or (if sooner than the next quarterly review) the next
determination of the Forecast pursuant to clause 6.2. If the Parties continue to fail to
agree:

	 	(i)	 	the amendments to the Price List pursuant to clause 6.5, then the applicable
provisions of this clause shall again apply or
	 
	 	(ii)	 	the new Price List pursuant to clause 6.2, then the provisions of clause 6.4
shall apply.

	7	 	Credit
	 
	7.1	 	PCH shall determine the Credit Terms, at all times taking into account the reasonable
opinions of FLM.
	 
	7.2	 	PCH shall bear all risk of each Customer’s failure to pay for the Products without recourse
to FLM.
	 
	7.3	 	PCH shall grant its Customers the same Credit Terms in respect of the Products as it does in
respect of the Beverages, irrespective of the Customer’s purchases of each and determined
solely by reference to the Customer’s creditworthiness and the total value of purchases made
by the Customer.
	 
	8	 	Sales Forces
	 
	8.1	 	PCH shall ensure that:

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	 	(i)	 	the Total Sales Force consists of a sufficient number of people having
sufficient experience in the sales and distribution of snack foods to permit PCH to
sell prevailing Volume Plan.
	 
	 	(ii)	 	those members of its senior management who shall determine the activities and
working conditions (including salary and bonuses) of the Total Sales Force shall be
specialists having significant prior knowledge and experience of best practices in
relation to the sale of the Products.

	8.2	 	PCH shall ensure that:

	 	(i)	 	the Total Sales Force is equipped with hand held computers capable of
collecting in store data in line with FLM’s reasonable requirements (as communicated
by FLM to PCH during the AOP process).
	 
	 	(ii)	 	such data is electronically transferred to FLM daily.

	9	 	Channel Allocation
	 
	9.1	 	The Parties have agreed the allocation of Customers to Channels for 2009. No later than
31st of October of each year of the Term commencing in 2009 the Parties shall
jointly determine the Channel to which a Customer belongs during the following year.
	 
	9.2	 	The Parties shall review the composition of the Dedicated Cities and the Combined Cities at
least twice a year and shall, acting reasonably, make appropriate changes in the light of
prevailing market conditions it being agreed that no changes shall be effected in April, May
or June of any year.
	 
	9.3	 	In the case of a 3PD Customer who purchases both Beverages and Products, PCH shall use all
reasonable endeavours to ensure that the terms and conditions of the supply of the Products
shall be no worse than those of the supply of the Beverages. PCH shall use all commercially
reasonable endeavours to ensure that such 3PD Customers enter into two commercial agreements
per annum, one setting out the commercial conditions to which the supply of Beverages shall be
subject and one setting out the commercial conditions to which the supply of the Products
shall be subject.
	 
	9.4	 	With respect to the Modern Trade, the Parties have agreed the following:

	 	(i)	 	FLM shall hire, instruct and bear the costs of all third party
merchandisers working together with the Dedicated Sales Force.
	 
	 	(ii)	 	Shipments of the Products from FLM warehouses shall be effected in accordance
with Schedule L.

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	10	 	Volume Plan
	 
	10.1	 	FLM shall prepare a Volume Plan and submit it to PCH by 1st of September of each
year of the Term commencing in 2009.
	 
	10.2	 	PCH shall use all commercially reasonable efforts to ensure that the Total Sales Force
delivers the prevailing Volume Plan.
	 
	10.3	 	The Parties shall jointly review the Volume Plan by the end of each quarter throughout the
Term and shall, acting reasonably, amend the Volume Plan in accordance with Schedule S.
	 
	10.4	 	By 1st of October of each year of the Term commencing in 2009, PCH shall, taking
into account the prevailing Volume Plan, submit to FLM for its approval (such approval not to
be unreasonably withheld or delayed) a volume target for the Total Sales Force (split between
the Combined and Dedicated) for each month of the following year (expressed by region, city
and Channel) and PCH shall use all commercially reasonably endeavours to ensure that the Total
Sales Force attains such volume target, which shall be subject to revisions commensurate with
those made to the Volume Plan in accordance with clause 10.3.
	 
	11.	 	Database
	 
	 	 	PCH shall maintain a Database in accordance with Schedule S.
	 
	12	 	Reporting
	 
	12.1	 	PCH shall ensure that it reports all relevant data to FLM in accordance with the applicable
provisions of Schedules S&L.
	 
	12.2	 	During the final quarter of each year commencing in 2009 FLM shall determine those KPIs which
PCH shall track and report to FLM during the following years, subject to the Parties agreeing
in advance on the timing and procedure for such tracking and reporting.
	 
	13	 	Marketing, Trade Support & Use of Trademarks
	 
	13.1	 	FLM shall alone determine all activities relating to and shall bear all costs arising in
connection with the marketing and trade support for the Products (including the development of
all in store materials and promotional activities.)
	 
	13.2	 	In order to increase the sales of the Products throughout the Russian Federation, FLM has the
right to:

	 	(i)	 	provide PCH with such sales materials (including racks) and other advertising
materials as FLM shall determine and PCH shall place them at points of sale in
accordance with procedures which the Parties shall separately agree, acting
reasonably;

8

 

	 	(ii)	 	engage in such merchandising activities at points of sale as it so chooses;
	 
	 	(iii)	 	appoint and manage third party merchandisers on its own or in connection
with PCH.

	13.3	 	When FLM determines the prevailing Price List, FLM shall include all costs incurred pursuant
to this Clause 13 in the price at which it sells Products to PCH pursuant to the prevailing
Price List.
	 
	13.4	 	FLM hereby authorises PCH to use the Trademarks for the purposes hereof in accordance with
those written instructions, which FLM shall, acting reasonably, issue to PCH from time to
time.
	 
	13.5	 	If PCH becomes aware of any unauthorised use of the Trademarks by any third party, PCH shall
promptly inform FLM thereof.
	 
	14	 	FLM’s Right of Field Audit
	 
	14.1	 	Upon reasonable notice to PCH, FLM may visit any premises owned or controlled by PCH with a
view to verifying PCH’s compliance with FLM’s transportation, operating and warehousing
standards set forth in Schedule L.
	 
	14.2	 	If FLM exercises its right of field audit set forth in clause 14.1, PCH shall:

	 	(i)	 	make available to FLM or its authorised representative(s) such records and
personnel as FLM may reasonably request in order for FLM to complete the audit in
accordance with PepsiCo, Inc’s usual auditing practices.
	 
	 	(ii)	 	if the right of audit can only be exercised by visiting premises owned or
controlled by a third party, use all commercially reasonable endeavours to facilitate
such visit.

	15	 	Warehousing & Logistics
	 
	15.1	 	PCH shall ensure that at all times it maintains sufficient capacity throughout the Russian
Federation to store, load and unload ordered Products (as more particularly defined in
Schedule L) and subject to those procedures set forth in Schedule L.
	 
	15.2	 	The Parties shall enjoy all those rights and submit to all those obligations relating to:

	 	(i)	 	warehousing, storing and ordering which are more particularly set forth in
Schedule L.
	 
	 	(ii)	 	logistics which are more particularly set forth in Schedule L.

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	15.3	 	PCH shall ensure the Products are sold, transported and delivered to Customers in accordance
with those provisions set forth in Schedule L.
	 
	15.4	 	FLM may in its absolute and unqualified discretion recall the Products from Customers and PCH
shall effect such recall in accordance with Schedule L on condition that (save where the
recall is the result of any act or omission by PCH) FLM shall compensate PCH for all direct
costs incurred by PCH connected therewith.
	 
	16	 	Business Reviews
	 
	16.1	 	Throughout the Term the Parties shall undertake the following reviews within the period
indicated:

	 	(i)	 	Following FLM’s determination of the Volume Plan by 1st of
September of each year of the Term, the Parties shall agree the following by
1st of October of each year of the Term:

	 	(a)	 	The following year’s volume target for the Combined Sales
Force expressed by brand and city.
	 
	 	(b)	 	The following year’s roll out for the Dedicated Team.
	 
	 	(c)	 	KPIs for the following year.

	 	(ii)	 	By the third week of every month during the Term the Parties shall jointly
review, inter alia, the year to date sales data for the Products (including the sales
volumes) versus the corresponding AOP targets together with any other joint projects.
	 
	 	(iii)	 	Following FLM’s determination of the three year strategic volume plan for
the sale of the Products in the Russian Federation by 30th of April of each
year of the Term, the Parties shall agree promptly thereafter in the light thereof the
roll out for the Dedicated Sales Force during the next three years and the schedule
for the conversion of 3PD Customers to DS3 Customers.

	16.2	 	By the end of the third week of every month during the Term PCH shall review the year to date
performance of the Combined Sales Team against the relevant KPIs set out in the AOP.
	 
	17	 	Term & Termination
	 
	17.1	 	Subject to clauses 6.4, 6.5, 17.2 and 17.3 (respectively), the Term of this Agreement shall
be five years commencing on the Effective Date and expiring automatically on the fifth
anniversary thereof.
	 
	17.2	 	Either Party may terminate this Agreement by giving the other two years prior written notice
thereof. For the avoidance of doubt if either Party serves such

10

 

	 	 	notice on the other, this Agreement shall automatically terminate on the second anniversary
of the delivery of notice of termination.
	 
	17.3	 	This Agreement shall automatically terminate six months after the occurrence of the
termination for whatever reason of any of the following:

	 	(i)	 	the joint venture agreement between PepsiCo Ireland Limited and PR Beverages
Ireland Limited in relation to the establishment and operation of PR Beverages
Limited.
	 
	 	(ii)	 	Any master bottling appointment issued by PepsiCo, Inc. or its affiliates to
PR Beverages Limited in respect of any of the following trademarks: Pepsi, 7-UP or
Mirinda.

	17.4	 	If the joint venture agreement described in clause 17.2 (i) is terminated by virtue of the
material breach of PR Beverages Ireland Limited or if any master bottling appointment
described in clause 17.2 (i) is terminated by virtue of the material breach of PR Beverages
Limited, this Agreement shall be deemed to have been terminated due to the material breach of
PCH.
	 
	17.5	 	If the joint venture agreement described in clause 17.2 (i) is terminated by virtue of the
material breach of PepsiCo Ireland Limited or if any master bottling appointment described in
clause 17.2 (i) is terminated by virtue of the material breach of PepsiCo, Inc. or its
affiliates, this Agreement shall be deemed to have been terminated due to the material breach
of FLM.
	 
	17.6	 	If this Agreement terminates for whatever reason, then immediately prior to termination;

	 	(i)	 	PCH undertakes to :

	 	(a)	 	sell to FLM any unsold Products in PCH’s possession at the
book value thereof.
	 
	 	(b)	 	return to FLM all equipment or materials owned by FLM in
PCH’s possession.
	 
	 	(c)	 	deliver to FLM an electronic copy of the Customer master
files and credit history of all Customers, subject to PCH’s legal right to do
so.
	 
	 	(d)	 	cease the sale of the Products.

	 	(ii)	 	The Parties shall make all payments due to each other pursuant to the terms
hereof and either Part may set off monies owed to the other against monies due from
the other.

	17.7	 	No term shall survive expiry or termination of this Agreement unless expressly provided
otherwise.

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	17.8	 	The expiry or termination of this Agreement shall be without prejudice to any rights which
have accrued already to either of the Parties under this Agreement or (subject to clause 24)
accrue to either Party under any applicable legislation.
	 
	18	 	Schedules
	 
	18.1	 	The Parties acknowledge that the full commercial understanding which they have reached from
the Effective Date is set forth in this Agreement together with all the Schedules hereto.
	 
	18.2	 	The Parties may from time to time amend this Agreement or its Schedules on condition that no
amendment shall be effective unless signed by duly authorised representatives of both Parties.
	 
	18.3	 	If there is a conflict between the provisions set forth in this Agreement with any set forth
in the Schedules, the former shall prevail.
	 
	19	 	Governing Law & Jurisdiction
	 
	 	 	This Agreement shall be governed by Russian law and interpretation and the Parties
irrevocably submit to the exclusive jurisdiction of the Russian courts for all purposes
connected with it.
	 
	20	 	Supersedes Prior Agreements
	 
	 	 	As at the Effective Date, this Agreement supersedes any prior agreement relating to the
distribution of the Products, or any of them, in the Russian Federation between the Parties
whether written or oral and any such prior agreements are hereby cancelled but without
prejudice to any rights which have already accrued to either of the Parties.
	 
	21	 	Notices
	 
	 	 	Any notice to be served on either of the Parties by the other shall be sent by prepaid
recorded delivery or registered post or by telex or by electronic mail and shall be deemed
to have been received by the addressee within 72 hours of posting or 24 hours if sent by
telex or by electronic mail to the correct telex number (with correct answerback) or
correct electronic mail number of the addressee.
	 
	22	 	Waiver
	 
	 	 	The failure by either of the Parties to enforce at any time or for any period any one or
more of the terms or conditions of this Agreement shall not be a waiver of them or of the
right at any time subsequently to enforce all terms and conditions of this Agreement.

12

 

	23	 	Warranty
	 
	 	 	Each Party warrants it has the full power and authority to enter into this Agreement.
	 
	24	 	Exclusion of Liability
	 
	24.1	 	Neither Party shall have any liability to the other in connection with this Agreement for any
loss of profit, loss of goodwill, loss of opportunity or loss of reputation suffered by such
other Party (whether in contract, tort or otherwise.)
	 
	24.2	 	In the event of the expiry or termination of this Agreement, PCH hereby waives any claim
(which it may otherwise have pursuant to any applicable legislation) for payment for any
goodwill which may have inured to the benefit of the Products during the Term.
	 
	25	 	Force Majeure
	 
	25.1	 	If the ability of either party to perform its obligations hereunder is affected by national
emergency war terrorism riot or civil commotion, prohibitive governmental regulations, third
party industrial dispute or any other cause beyond its reasonable control the Party affected
shall forthwith notify the other Party of the nature and extent thereof.
	 
	25.2	 	Neither party shall be deemed to be in breach of this Agreement or otherwise be liable to the
other by reason of any delay in performance or non-performance of any of its obligations
hereunder to the extent that such delay or non-performance is due to any of the causes
referred to in Clause 25.1 hereof of which it has notified the other party and the time for
performance of that obligation shall be extended accordingly.
	 
	25.3	 	If the delay or non-performance in question shall extend for a continuous period in excess of
three months, the parties shall enter into bona fide discussions with a view to alleviating
its effects or to agreeing upon such alternative arrangements as may be fair and reasonable.
	 
	26.	 	Language
	 
	26.1	 	This Agreement (excluding the Schedules) shall be executed in English and Russian
counterparts. In the event of a conflict between these English and the Russian texts, the
English text shall prevail over the Russian.
	 
	26.2	 	The Schedules shall be executed in either Russian or in English and Russian. If they are
executed only in Russian, any translations shall be for information and without legal force.
If they are executed in English and Russian, the English text shall prevail over the Russian
in the event of a conflict.
	 
	27.	 	Costs

13

 

	27.1	 	Each Party shall bear all its own costs incurred in the formation and execution of this
Agreement.
	 
	27.2	 	Each Party shall bear the cost of discharging all those obligations imposed on it by the
terms hereof, unless the context expressly admits otherwise.
	 
	27.3	 	The Parties shall use all commercially reasonable endeavours to assist the other Party to
minimize the costs which it incurs in connection with this Agreement.
	 
	28.	 	Confidentiality
	 
	28.1	 	During the Term of this Agreement, each Party will be exposed to confidential proprietary
technical information belonging to the other which pertains to the operation of the other’s
business. In particular but without limitation, each Party may be exposed to know-how, process
and product information, intellectual property, methods of manufacture, business plans, sales
and marketing strategies, data and technical information pertaining to the other party
(referred to in the remainder of this paragraph as “Confidential Information”). Each Party
agrees to hold in confidence and not to disclose to others or to use for its own benefit or
the benefit of other members of its group all Confidential Information which has been or will
be disclosed to it either directly or indirectly and to use Confidential Information solely in
conjunction with its performance under this Agreement provided that such obligation of
confidentiality and non-use does not apply to any Confidential Information which:

	 	(i)	 	is already in or which comes into the possession of the non-owning party
other than as a result of a breach of this Agreement;
	 
	 	(ii)	 	is or becomes generally available to the public other than as a result of a
disclosure by the non-owning party;
	 
	 	(iii)	 	is or becomes available to the non-owning party on a non-confidential basis
from a third party who is not known by the non-owning party to be bound by a
confidentiality Agreement or other obligation of secrecy to the owning party; or
	 
	 	(iv)	 	is required to be disclosed by the non-owning party in the course of any
legal proceedings or by any governmental or other authority or regulatory body.

14

 

	28.2	 	Upon completion or termination of this Agreement for any reason, or upon written demand, each
Party agrees to deliver to the other all tangible forms of Confidential Information belonging
to the other.

Executed on this 25th day of December 2008 in Moscow, Russian Federation

	 	 	 	 	 
	By: 
	 	/s/ Paul Kiesler

	 	 
	Name: Paul Kiesler

	 	 
	Position: General Director
	 	 
	A duly authorised representative of	 	 
	Frito Lay Manufacturing Limited	 	 
	 
	 	 	 	 
	By:
	 	/s/ Marina Ostrovskaya

	 	 
	Name: Marina Ostrovskaya
	 	 
	Position: General Director
	 	 
	A duly authorised representative of	 	 
	PepsiCo Holdings Limited	 	 

15

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