Document:

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                                                                    EXHIBIT 10.1

WITHOUT PREJUDICE

Private and Confidential- Hand Delivered

Thursday July 27th, 2006

Mark Benadiba
c/o Cott Canada

Dear Mark,

This letter confirms our discussion that your employment with Cott Corporation
("Cott") is hereby terminated without cause effective August 1, 2006.

Cott appreciates your 'contribution to the business over the years and has.
summarised the severance arrangements which are detailed in your Executive
Employment Agreement which was effective as of the 28th day of September, 2005
(the "EMPLOYMENT AGREEMENT").

1. DATE OF TERMINATION

The effective date of termination will be August 1,2006 (the "TERMINATION
DATE").

2. ACCRUED SALARY AND VACATION

You will be paid your salary, car allowance and accrued vacation to the
Termination Date. These payments Will be less applicable statutory withholdings
and deductions and paid in a lump sum payment during the next pay period
immediately following the Termination Date.

3. SEVERANCE

a)   Severance - we have agreed to pay you a lump sum payment within ten (10)
     business days following the Termination Date equal to two (2) times your
     base salary, car allowance and bonus. This is equal to $2,190,000.00 (Two
     Million, One Hundred and Ninety Thousand Dollars)

     (Per Year-Car Allowance $20,000, Base Salary $500,000, Bonus at 100%
     $575,000)

b)   Pro-Rated Bonus - You shall also receive a pro-rated bonus for the period
     up to Termination Date based on the achievement of 150% of the annual bonus
     incentive target to such date (i.e. 7/12ths of 150% of $575,000 =
     $503,125), which will be paid within ten (10) business days following the
     Termination Date.

4. BENEFITS

You will continue to receive all of the following benefits for a 24 month period
as per your current participation: all health and dental benefits, life
insurance (including dependent life insurance and accidental death and
dismemberment insurance), short term disability, annual health spending account
and annual executive medical assessment costs.

<PAGE>

Mark Benadiba.
July 27, 2006
Page 2

In addition, you shall receive a lump sum payment within ten (10) business day
following the Termination Date equal to $16,497.48 on account of and in lieu of
participation in the executive disability top up insurance program. Cott shall
also agree to reimburse you for your car insurance on your Mercedes Benz
automobile for 24 months following the Termination Date in accordance with the
terms of insurance in effect on the Termination Date.

5. OPTIONS

You will have sixty (60) days from the Termination Date to exercise any of your
currently vested stock options in accordance with the terms of Cott
Corporation's Common Share Option Plan. The balance of the stock options that
are not vested automatically expire upon the Termination Date.

6. EXECUTIVE INVESTMENT SHARE PURCHASE PLAN

The Human Resources and Compensation Committee has confirmed that the vesting of
the 'unvested shares (4,359) in the Executive Investment Share Purchase Plan
registered in your name be accelerated.

7. RETURN OF PROPERTY

It shall be a condition of this offer that you shall immediately return to Cott
all company property in your possession, power or control, including, but hot
limited to: computers, passes, credit cards, manuals, keys and proprietary
information and all records or files, pertaining to the affairs of the Company,
stored in any form whatsoever; (including. any electronic copies) together with
any copies or transcriptions thereof, in whole or part to Sandra Sterman by no
later than your last date of employment.

8. NO OTHER PAYMENTS

The payments, benefits and other entitlements set out in this letter constitute
your complete entitlement and Cott's complete obligations whatsoever, including
with respect to the cessation of your employment, whether at common law, statute
or contract. For greater certainty, we confirm. that you are not entitled to any
further payment (including any bonus payments), benefits; perquisites,
allowances or entitlements earned or owing to you from Cott pursuant to any
employment or any other agreement, whether written or oral, whatsoever, all
having ceased on the Termination Date without further obligation from Cott. All
amounts paid or benefits provided to you pursuant to this letter shall be deemed
to include all amounts owing pursuant to the Employment Standards Act. 2000, and
such payments and benefits represent a greater right or benefit than that
required under the Employment Standards Act, 2000.

9. RESIGNATION & RELEASE

You will resign as an officer and director of Cott (and all direct and indirect
affiliates, subsidiaries and associated companies) with effect as of the
Termination Date. In this respect, you agree to execute and deliver the
Resignation Notice attached hereto as Schedule "l" and such further
documentation as may be required by Cott, in its' sale discretion, in order to
effect this resignation. You agree to sign the Release in the form attached as
Schedule "2" to this letter.

<PAGE>

Mark Benadiba
July 27, 2006
Page 3

10. YOUR CONTINUING OBLIGATIONS

a)   You will continue to abide by all of the applicable provisions of your
     Employment Agreement, as amended which are intended to continue following
     the cessation of your employment, including but not limited to the
     Confidentiality (Section 7.1), Non-Solicitation, and Non-Competition
     (Article IX) covenants and, which in the case of the Confidentiality
     covenant continues forever, and in the case of the Non-So1icitation and
     Non-Competition covenants, will apply for a period of twenty-four (24)
     months from the Termination Date. You agree that in the event of a breach
     of any these covenants, Cott will be entitled to, in addition to any of the
     remedies set out in the Employment Agreement for the breach of these
     covenants, discontinue any and all payments, benefits, and other
     entitlements as set out in this letter, and you will forfeit any and all
     claims; actions, demands, or payments whatsoever.

b)   You will agree to cooperate reasonably with Cott, and its legal advisors,
     in connection with: (i) any business matters in which you were involved; or
     (ii) any existing or potential claims, investigations, administrative
     proceedings, lawsuits and other legal and business matters which arose
     during your employment or involving Cott; (iii) effecting compliance with
     respect to any regulatory requirements; and (iv) completing any further
     documents required to give effect to the terms set out in this letter with
     respect to which you have knowledge of the underlying facts. Cott shall pay
     you a consulting fee equal to $256.00 per hour, plus applicable GST, for
     the services provided to Cott at its request hereunder. In addition, you
     will not voluntarily aid, assist or cooperate with any claimants or
     plaintiffs or their attorneys or agents in any claims or lawsuits commenced
     in the future against Cott, provided, however, that nothing in this letter
     wilt be construed to prevent you from testifying at an administrative
     hearing, a deposition/discovery, or in court in response to a lawful
     subpoena in any litigation or proceedings involving Cott.

11. GENERAL

a)   Entire Agreement: The agreement confirmed by this letter constitutes the
     entire agreement between you and Cott with reference to any of the matters
     herein provided or with reference to your employment or office with Cott,
     or the cessation thereof. All promises, representations, collateral
     agreements, offers and understandings not expressly incorporated in this
     letter agreement are hereby superseded and have no further effect.

b)   Severability: The provisions of this letter agreement shall be deemed
     severable and the invalidity or unenforceability of any provision set out
     herein shall not affect the validity or enforceability of the other
     provisions hereof, all of which shall continue in accordance with their
     terms.

c)   Full Understanding: By signing this letter, you confirm that: (i) you have
     had an adequate opportunity to read and consider the terms set out herein,
     including the Release attached, and that you fully understand them and
     their consequences; (ii) you have been advised, through this paragraph, to
     consult with legal counsel and have obtained such legal or other advice as
     you consider advisable with respect to this letter agreement, including
     attachments; and (iii) you are signing this letter voluntarily, without
     coercion, and without reliance on any representation, express or implied,
     by Cott, or by any director, trustee, officer, shareholder, employee or
     other representative of Cott.

<PAGE>

Mark Benadiba
July 27, 2006
Page 4

d)   Currency: All dollar amounts set forth or referred to in this letter refer
     to Canadian currency.

e)   Governing Law: The agreement confirmed by this letter shall be governed by
     the laws of the Province of Ontario, Canada.

f)   Payment: All payments made to you will be less applicable statutory
     withholdings and deductions.

Mark, if you have any questions please feel tree to contact me. I am also
attaching a copy of the Executive Employment Agreement dated 28th day September,
2005.

Yours very truly,

/s/ Brent D. Willis
-------------------------------------
Brent D. Willis
President and Chief Executive Officer

Attachment

Acknowledged, Agreed and Accepted this 2nd day of August, 2006

/s/ Mark Benadiba
-------------------------------------
Mark Benadiba

<PAGE>

                                  SCHEDULE "1"

                               RESIGNATION NOTICE

TO:     COTT CORPORATION

AND TO: ALL DIRECT AND INDIRECT AFF1LIATES, SUBSIDIARIES AND ASSOCIATED
        CORPORATIONS THEREOF

AND TO: ALL DIRECTORS THEREOF

I MARK BENADIBA confirm my resignation as director and from all offices held by
me of COTT CORPORATION, including all direct and indirect affiliates,
subsidiaries, and associated corporations, with effect as of August 1,. 2006.

                                        /s/ Mark Benadiba
                                        ----------------------------------------
                                        MARK BENADIBA

<PAGE>

                                  SCHEDULE "2"
                                    RELEASE

FROM:  MARK BENADIBA  ("BENADIBA")

TO:    COTT CORPORATION ("COTT"), ITS DIRECT ,AND INDIRECT RESPECTIVE
       AFFILIATES, ASSOCIATES, SUBSIDIARIES, PARENTS AND RELATED ORGANIZATIONS
       AND ALL OF THEIR RESPECTIVE PAST AND PRESENT SHAREHOLDERS, PARTNERS,
       DIRECTORS, OFFICERS, EMPLOYEES, CONTACTORS, CONSULTANTS, AGENTS,
       REPRESENTATIVES; TRUSTEES, ADMINISTRATORS, ATTORNEYS AND INSURERS (ALL
       COLLECTIVELY REFERRED TO AS "RELEASEES")

1.   In consideration of the terms as set out in the letter from Cott to
     Benadiba dated July 27, 2006 (the "Agreement"), the receipt and sufficiency
     of which consideration are hereby acknowledged, and except for the
     obligations owed to Benadiba, and referred to in the Agreement, Benadiba
     hereby remises, releases and forever discharges Cott and the other
     Re1easees of and from all manner of actions, causes of action, suits,
     debts, dues, accounts, bonds, contacts, 1iens, claims and demands
     whatsoever which against the Releasees he now has, ever had or hereafter
     can, shall or may have for or by reason of any cause, matter or thing
     whatsoever existing to the present time, ,and particularly and without
     limiting the generality of the foregoing, of and from all claims and
     demands of every nature and kind in any way related to or arising from
     Benadiba's employment or other engagement with Cott or the termination of
     such employment, engagement or other agreements, including all damages,
     salary, remuneration, commission, vacation pay, overtime pay, termination
     pay, severance pay, notice of termination, profit-sharing, stock options or
     other equity, bonuses, proceeds of any insurance or disability plans,
     pension or retirement benefits or any other fringe benefit or perquisite of
     any kind whatsoever and including any claims Benadiba may have; uncle!: any
     United States, Canada, or other statute, law or ordinance; any contract or
     agreement (except the Agreement); and any common law principle. The
     payments, 'benefits, and other entitlements referred to in the Agreement
     are deemed to satisfy all requirements or money owing under all applicable
     laws including without limitation, any and a1l wages, vacation pay,
     termination and severance pay under the Employment Standards Act, 2000.

2.   Benadiba confirms that the Agreement has been entered into by the parties
     for the purposes off fully and finally settling and compromising all
     possible claims that Benadiba might have against the Releasees and,
     therefore, in this respect, Benadiba covenants and agrees not to file any
     complaint or initiate any proceeding under the Employment Standards Act,
     2000, under 'the. Ontario Human Rights Code, under the, Workplace Safety
     and Insurance Act, under the Labour Relations Act, under the Pay Equity
     Act, or pursuant to any other applicable law or legislation, including the
     statutes and laws set forth and/or referenced in the preceding paragraph,
     in any jurisdiction governing or related to Benadiba 's employment or other
     engagement with Cott. In the event that Benadiba hereafter makes any claim
     or demand or commences or threatens to commence any action, claim or
     proceeding or to make any complaint against Cott in this respect, this
     Release may be raised as an estoppel and complete bar to any such action,
     claim or proceeding. Benadiba confirms that he has no right to
     reinstatement, re-call or re-employment with any of the Releasees, and
     Benadiba waives and releases all rights he had or may have had in

<PAGE>

     this regard. This paragraph shall not release any rights that may not
     legally be waived.

3.   Benadiba further agrees not to make or assist in the commencement of any
     claims (expressly including any cross-claim, counterclaim, third party
     action or application) against any other person or corporation who might
     claim contribution or indemnity against the persons or corporations
     discharged by this Release.

4.   With the exception of disclosure to immediate family or to his legal or
     professional advisors (but provided any such person agrees not to disclose
     such information to any other person), Benadiba agrees that the terms and
     contents of this Release, the consideration included in the Agreement, the
     contents of the negotiations and discussions resulting .in this Release,
     and any dispute resolved by this Release, shall all remain privileged and
     confidential and shall not be disclosed except to the extent required by
     law or as otherwise agreed to in writing by Cott.

5.   This Release shall be binding upon his heirs, executors, administrators,
     successors and assigns and shall enure to the benefit of Cott and to the
     benefit of all of the Cott's successors- and assigns.

6.   Benadiba acknowledges that he has been advised to and has in fact obtained
     Independent legal advice and that the only consideration for this Release
     is as referred to above. Benadiba further confirms that no other promises
     or representations of any kind have been made to Benadiba to cause him to
     sign this Release.

7.   Benadiba acknowledges that this Release, the settlement of any dispute
     between Benadiba and Cott, or the payment of any monies to Benadiba, shall
     not constitute an admission of liability on the part of Cott, which
     liability is denied.

8.   Benadiba agrees that he alone shall be responsible for all tax liability
     resulting from his receipt of the payments referred to in the Agreement,
     except to the extent that Cott has withheld funds for remittance to
     statutory authorities. Benadiba agrees to indemnify and save Cott harmless
     from any and all amounts payable or incurred by Cott (save and except any
     penalties and interest that are attributable to Cott's not having deducted
     sufficient funds by its own direction) if it is subsequently determined
     that any greater amount should have been withheld in respect of income tax
     or any other statutory withholding.

SIGNED, SEALED AND DELIVERED THIS 2ND DAY OF AUGUST, 2006

/s/ Ines Marra                          /s/ Mark Benadiba
-------------------------------------   ----------------------------------------
WITNESS                                 MARK BENADIBA<PAGE>

                                                               (BEACHCROFT LOGO)

                                                                    EXHIBIT 10.2

                               Dated August 2 2006

                             (1) COTT BEVERAGES LTD

                                     - and -

                             (2) ANDREW JAMES MURFIN

                                   ----------

                              COMPROMISE AGREEMENT

                                   ----------

                              STRICTLY CONFIDENTIAL
                    WITHOUT PREJUDICE AND SUBJECT TO CONTRACT

                                                         (C) Beachcroft LLP 2006

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Beachcroft LLP                                              Compromise Agreement

TABLE OF CONTENTS

<TABLE>
<S>                                                                          <C>
1.  TERMINATION...........................................................     1
2.  COMPENSATION..........................................................     1
3.  BENEFITS..............................................................     1
4.  PENSIONS..............................................................     2
5.  RESIGNATION AS A DIRECTOR.............................................     2
6.  RETURN OF PROPERTY....................................................     2
7.  CONFIDENTIALITY OF AGREEMENT..........................................     2
8.  CONFIDENTIAL INFORMATION..............................................     3
9.  TAX INDEMNITY.........................................................     3
10. STOCK OPTIONS.........................................................     4
11. INVESTMENT SHARE PURCHASE PLAN........................................     4
12. RESTRICTIVE COVENANTS.................................................     4
13. FUTURE ASSISTANCE TO THE EMPLOYER.....................................     4
14. WARRANTIES............................................................     5
15. FULL AND FINAL SETTLEMENT.............................................     5
16. COMPROMISE AGREEMENT..................................................     6
17. INDEPENDENT ADVICE....................................................     6
18. AGREEMENT.............................................................     7
19. DEFINITIONS...........................................................     7
APPENDIX 1................................................................   150
APPENDIX 2................................................................   161
TEXT OF RESIGNATION LETTER................................................   161
</TABLE>

Table of contents                                                       Page (1)
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Beachcroft LLP                                              Compromise Agreement

THIS AGREEMENT IS MADE ON AUGUST 2, 2006
("THE AGREEMENT DATE") BETWEEN:

1)   COTT BEVERAGES LTD (COMPANY NUMBER 283071) OF CITRUS GROVE, SIDE LEY,
     KEGWORTH, DERBYSHIRE, DE74 2FJ("THE EMPLOYER"); AND

2)   ANDREW JAMES MURFIN OF 48 HAWTHORNE WAY, SHELLY, HUDDERSFIELD, HD8 8JX
     ("THE EMPLOYEE").

BACKGROUND

The Employer and the Employee have agreed that the Employee's employment will
terminate by reason of a restructure of the Employer's business.

IT IS AGREED AS FOLLOWS:

1.   TERMINATION

     1.1  The Employee's employment with the Employer terminated on 1 August
          2006 ("the Termination Date"). His full remuneration will be paid up
          to the Termination Date, such payments being subject to deductions of
          tax and National Insurance contributions in the normal way.

     1.2  Within 14 days of the Agreement Date the Employer will pay to the
          Employee the sum of (pounds)110,000 as payment in lieu of notice,
          subject to deductions of tax and National Insurance contributions in
          the normal way.

2.   COMPENSATION

     2.1  The Employer will pay to the Employee the sum of (pounds)117,000
          (ONE HUNDRED AND SEVENTEEN THOUSAND POUNDS)] ("the Compensation
          Payment") as compensation for loss of his employment, following the
          issue of a form P45 to him and within 14 days of the Agreement Date.
          The first (pounds)30,000(THIRTY THOUSAND POUNDS) of the Compensation
          Payment will be paid without deduction of tax at source. Income tax at
          basic rate will be deducted in respect of the balance of the
          Compensation Payment prior to payment to the Employee.

     2.2  The Compensation Payment is made in reliance on the warranties
          contained in clause 14 below and subject to the terms of that clause.

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Beachcroft LLP                                              Compromise Agreement

3.   BENEFITS

     With effect from the Termination Date and save as provided in this
     Agreement the Employer shall cease to provide all other benefits, whether
     contractual or otherwise, to or for the benefit of the Employee.

4.   PENSIONS

     The Employee will be separately notified by the trustees of the Pension
     Scheme of his entitlements under the rules of that scheme and of the
     options available to him for dealing with that entitlement.

5.   RESIGNATION AS A DIRECTOR

     The Employee will resign from his directorships and other offices of the
     Employer and all Associated Companies by delivering to Mark Halperin, Chief
     Legal and Corporate Development Officer, Cott Corporation letters of
     resignation in the form attached at Appendix 2 within seven days of the
     Termination Date. The Employee also agrees to execute any further
     documentation required by the Employer to effect this resignation.

6.   RETURN OF PROPERTY

     6.1  On, or before, the Termination Date, the Employee will return to the
          Employer all books, files, documents, papers, materials, computer
          equipment, disks, mobile telephones, security cards, credit cards,
          keys and other property belonging to or relating to the business of
          the Employer or that of its clients, customers and/or suppliers. The
          Employee undertakes that he will not make or retain copies of any of
          the same and further undertakes that he will immediately return any
          such property which subsequently comes into his possession or control
          in the future.

     6.2  On request by the Employer the Employee undertakes to disclose to the
          Employer all passwords to all password protected files, software and
          hardware which have been created or protected by him and which are on
          the Employer's computers.

7.   CONFIDENTIALITY OF AGREEMENT

     The Employee warrants that, he has not divulged to any person whatsoever
     (other than his immediate family in confidence or to his professional
     advisers/solicitors in connection with the conclusion of this Agreement)
     the fact of, negotiation and/or terms of this Agreement. The

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Beachcroft LLP                                              Compromise Agreement

     Employer and the Employee agree that they will not divulge in the future to
     any person whatsoever the fact of, negotiation and/or terms of this
     Agreement (except in the case of the Employee, to his immediate family in
     confidence and in both cases to their respective professional
     advisers/solicitors in connection with the conclusion of this Agreement or
     where required by any competent authority or by a Court of law or Her
     Majesty's Revenue and Customs and in the case of the Employer as required
     for any internal reporting purposes within the Employer and its Associated
     Companies or for the purposes of ensuring compliance with or enforcing the
     terms of this Agreement or as may be required by law or securities
     regulatory authorities governing the Employer or any of its Associated
     Companies).

8.   CONFIDENTIAL INFORMATION

     8.1  The Employee confirms that he will continue to abide by his
          obligations of confidence set out in Section 15 of his contract of
          employment with the Employer dated 2 February 2004.

     8.2  In accordance with his common law duties the Employee agrees that he
          will not disclose to any person any Confidential Information
          concerning any matter relating to the business or affairs of the
          Employer or any Associated Company or /their Associated Persons,
          suppliers and clients/customer which Confidential Information has been
          acquired by the Employee in the course of his employment.

     8.3  Nothing in this Agreement shall prevent disclosure by the Employee of:

          8.3.1 information disclosed pursuant to any order of any Court of
               competent jurisdiction; or

          8.3.2 information disclosed for the purpose of making a protected
               disclosure within the meaning of Part IV A of the Employment
               Rights Act 1996; or

          8.3.3 information which has come into the public domain otherwise than
               by a breach of confidence on behalf of the Employee.

9.   TAX INDEMNITY

     It is both parties' understanding that the first (pounds)30,000 of the
     Compensation Payment may not be subject to income tax pursuant to the
     provisions of Section 403 of the Income Tax (Earnings and Pensions) Act
     2003. Accordingly, the first (pounds)30,000 of the Compensation Payment
     will be paid without deduction of tax at source pursuant to those
     provisions. Save for any deductions made prior to payment, the Employee
     accepts that he will be responsible for the payment of any tax or

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Beachcroft LLP                                              Compromise Agreement

     Employee's National Insurance contributions (including, without limitation,
     any interest, penalties or fines in connection therewith) imposed by any
     competent authority in respect of any payment or provision of any benefit
     as set out in this Agreement ("the Liabilities") and he agrees to indemnify
     the Employer or any Associated Company on a continuing basis against any of
     the Liabilities.

10.  STOCK OPTIONS

     The Employee acknowledges that, he has 60 days from the Termination Date to
     exercise his currently vested stock options in accordance with the
     Employer's Common Share Option Plan. If the Employee does not exercise his
     vested stock options they will lapse. The Employee acknowledges that any
     stock options granted to him under the Share Plan that are not vested at
     the Termination Date, will automatically lapse on the Termination Date.

11.  INVESTMENT SHARE PURCHASE PLAN

     The Compensation committee has confirmed the accelerated vesting of 2,217
     whole shares in the Share Purchase Plan. In order to facilitate the vesting
     and release of these shares to the Employee, the Employee will complete a
     withdrawal form and will send this form to Sher Zaman Once approved by the
     Employer the withdrawal form will be sent to the Trustees with a request
     that these shares be transferred into the Employee's C.I.B.C Wood Gundy
     account number 311-15302 in the name of account holder Andrew Murfin.

12.  RESTRICTIVE COVENANTS

     The Employee confirms that he will abide by the post termination covenants
     contained at clause 17 (Non Solicitation and Non Competition) of his
     contract of employment dated 2 February 2004 and he accepts that this
     clause will continue to apply for 12 months after the termination of his
     employment. The Employee and the Employer agree that in the event of a
     breach of any of these covenants, the Employer will be entitled to, in
     addition to any of the remedies set out in the contract of employment for
     the breach of these covenants, to discontinue any and all payments,
     benefits, and other entitlements as set out in this Agreement, and the
     Employee will forfeit any and all claims, actions, demands, or payments
     whatsoever.

13.  FUTURE ASSISTANCE TO THE EMPLOYER

     13.1 The Employee agrees that, upon the Employer giving him reasonable
          notice, he will provide such assistance and information to the
          Employer and its legal advisor(s) as may be required in connection
          with:

          13.1.1 any existing or potential claims, investigations,
               administrative proceedings,

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Beachcroft LLP                                              Compromise Agreement

               lawsuits and other legal and business matters which arose during
               the Employee's employment or involving the Employee; or

          13.1.2 any matters affecting compliance with respect to any regulatory
               requirements; or

          13.1.3 the completion of any further documents required to give effect
               to the terms of this Agreement with respect to which the Employee
               has knowledge of the underlying facts.

     13.2 In addition, the Employee agrees that he will not voluntarily aid,
          assist or cooperate with any claimants or plaintiffs or their
          attorneys or agents in any claims or lawsuits commenced in the future
          against the Employer, provided, however, that nothing in this letter
          will be construed to prevent the Employee from testifying at an
          administrative hearing, a deposition/discovery, or in court in
          response to a lawful subpoena in any litigation or proceedings
          involving the Employer.

14.  WARRANTIES

     The Employee agrees and warrants that:-

     14.1 he has taken advice, as confirmed at clause 17 below;

     14.2 he has discussed with the Adviser all of the Relevant Legislation and
          the rights and obligations arising from his contract of employment
          ("the Law") and all issues regarding his employment and its
          termination which may be relevant to the Law;

     14.3 the claims listed at clause 15.1.1 below amount to the entirety of the
          claims which he believes he has against the Employer or any Associated
          Company or their Associated Persons, arising out of or in connection
          with his employment including its termination

     14.4 this Agreement is intended to settle any actual or potential disputes
          or proceedings between the parties (whether known or not, whether
          existing in fact or law or not, whether the claim be statutory or
          contractual or of any other nature).

15.  FULL AND FINAL SETTLEMENT

     15.1 The Employee agrees to accept the Compensation Payment in full and
          final settlement of any claims he has or may have in the future
          against the Employer or any Associated

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Beachcroft LLP                                              Compromise Agreement

          Company or their Associated Persons (whether known or not, whether
          existing in fact or law or not, whether the claim be statutory or
          contractual or of any other nature):-

          15.1.1 for unfair dismissal, wrongful dismissal, a statutory
               redundancy payment, sex, race, disability or age discrimination,
               sexual orientation discrimination, discrimination on grounds of
               religion or belief, equal pay, unlawful deduction from wages or
               detriment on the grounds of having made a public interest
               disclosure.

          15.1.2 relating to his employment or its termination including,
               without limitation, any claims under the provisions of any of the
               Relevant Legislation;

          15.1.3 howsoever arising, out of or in connection with the Employee's
               contract of employment, including the termination thereof; and

          15.1.4 in tort arising out of or in connection with his employment
               with the Employer.

     15.2 The Employer enters into this Agreement and makes the Compensation
          Payment in reliance upon the warranties given by the Employee at
          clause 15 above. In the event that the Employee is in breach of clause
          15 or issues a claim relating to his employment or its termination
          against the Employer or any Associated Company or their Associated
          Persons, whether in the Employment Tribunal, the High Court, the
          County Court or otherwise, the Employee agrees that the Employer or
          any Associated Company their Associated Persons may offset the
          Compensation Payment against any remedy due to the Employee from any
          such proceedings. However this clause shall not adversely affect the
          Employee's right to bring an claim in respect of personal injury
          (although in signing this Agreement, the Employee confirms that as at
          the Agreement Date he is not aware of any illness or injury, or the
          symptoms of such illness or injury, which could lead to such a
          personal injury claim).

16.  COMPROMISE AGREEMENT

     The parties agree that the conditions regulating compromise agreements
     contained in the Relevant Acts are intended to be and have been satisfied
     by the terms of this Agreement.

17.  INDEPENDENT ADVICE

     The Employee warrants that:-

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Beachcroft LLP                                              Compromise Agreement

     17.1 he has received independent advice from Joan Pettingill of the
          Solicitors ("the Adviser") as to the terms and effect of this
          Agreement and, in particular, its effect on his ability to pursue his
          rights before an Employment Tribunal. The Adviser is a Solicitor of
          the Supreme Court and has produced a letter on the Adviser's headed
          paper addressed to the Employer in the form attached at Appendix 1 of
          this Agreement; and

     17.2 the Employee is advised by the Adviser that there is in force, and was
          at the time he received the advice referred to above, a contract of
          insurance or an indemnity provided for members of a profession or
          professional body covering the risk of a claim by him in respect of
          loss arising in consequence of that advice.

18.  AGREEMENT

     18.1 The Agreement is made without any admission of liability whatsoever by
          the Employer.

     18.2 This Agreement constitutes the entire agreement and understanding
          between the parties and supersedes all or any previous contracts,
          agreements or arrangements, whether written or verbal between the
          parties (other than any provision in the Employee's contract of
          employment which is expressed to survive termination of the contract
          of employment and which has not been varied by any provision in this
          agreement).

     18.3 The terms of this Agreement shall be governed by and construed in
          accordance with English law and the parties agree to submit to the
          exclusive jurisdiction of the English Courts in relation to any claims
          or any matter arising.

     18.4 Notwithstanding that this Agreement is marked "without prejudice and
          subject to contract", it will, when signed by both parties, become
          open and binding.

     18.5 If any part of this Agreement shall be, or become, void or
          unenforceable for any reason, this shall not affect any of the
          remaining provisions of this Agreement and, in the event that part of
          any provision shall be held to be void or unenforceable but would be
          valid and enforceable if some part thereof were deleted, such
          provision shall apply with such modification as may be necessary to
          make it valid and enforceable.

19.  DEFINITIONS

     In this Agreement:

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     19.1 "Associated Company" includes all subsidiary companies and holding
          companies of the Employer and any subsidiary or holding companies of
          such holding companies, in the meanings attributed to those
          expressions by Section 736 of the Companies Act 1985 as amended.

     19.2 "Associated Persons" means any current or former shareholders,
          directors, officers, agents or employees of the Employer or any
          Associated Company.

     19.3 "Confidential Information" means any information of a confidential or
          secret nature relating to any and all aspects of the business of the
          Employer and/or its Associated Companies and/or its or their
          Associated Persons, clients, customers and suppliers including but not
          limited to personnel data, financial information, budgets, reports,
          business plans, strategies, know-how, formulae, designs, data,
          specifications, research, processes, procedures and programs, pricing,
          sales and marketing plans and details of past or proposed transactions
          whether or not written or computer generated or expressed in material
          form.

     19.4 "Pension Scheme" means that pension scheme operated for employees of
          the Employer of which the Employee is a member.

     19.5 "person" includes references to an individual, company, firm or
          association.

     19.6 "Relevant Acts" means the Sex Discrimination Act 1975, the Race
          Relations Act 1976, the Trade Union and Labour Relations
          (Consolidation) Act 1992, the Disability Discrimination Act 1995, the
          Employment Rights Act 1996, the National Minimum Wage Act 1998, the
          Working Time Regulations 1998, the Employment Equality (Sexual
          Orientation) Regulations 2003, the Employment Equality (Religion or
          Belief) Regulations 2003, the Information and Consultation of
          Employees Regulations 2004, the Occupational and Personal Pension
          Schemes (Consultation by Employers and Miscellaneous Amendment)
          Regulations 2006 and the Employment Equality (Age Discrimination)
          Regulations 2006.

     19.7 "Relevant Legislation" means the Equal Pay Act 1970, the Protection
          from Harassment Act 1997, the Data Protection Act 1998, the Human
          Rights Act 1998, the Employment Relations Act 1999, the Working Time
          Regulations 1999, the Maternity and Parental Leave Regulations 1999,
          the Part Time Workers (Prevention of Less Favourable Treatment)
          Regulations 2000, the Fixed Term Employees (Prevention of Less
          Favourable Treatment) Regulations 2002, the Employment Act 2002, the
          Transfer of Undertaking

                                                                          Page 8
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Beachcroft LLP                                              Compromise Agreement

          (Protection of Employment) Regulations 1987 and 2006, the Relevant
          Acts and European Community legislation.

     19.8 "Share Plan" means the Employer's Common Share Option Plan.

     19.9 "Share Purchase Plan" means the Employer's Executive Investment Share
          Purchase Plan.

SIGNED BY /s/ Andrew Murfin
          ---------------------------
          MR ANDREW MURFIN

DATED AUGUST 2, 2006

SIGNED BY /S/ BRENT WILLIS
          ---------------------------
          FOR AND ON BEHALF OF THE
          EMPLOYER AND ITS ASSOCIATED
          COMPANIES AND THEIR
          ASSOCIATED PERSONS

DATED AUGUST 2, 2006

                                                                          Page 9
                                                             Draft: 24 July 2006

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Beachcroft LLP                                              Compromise Agreement

APPENDIX 1

THIS IS TO BE TYPED ON TO THE HEADED NOTEPAPER OF THE ADVISER - GORDONS LLP

STRICTLY PRIVATE AND CONFIDENTIAL

TO BE OPENED BY ADDRESSEE ONLY

BEACHCROFT LLP
7, PARK SQUARE EAST
LEEDS
WEST YORKSHIRE
LS1 2LW

Dear Sirs,

I, Joan Pettingill of Gordons LLP Riverside West, Whitehall Road, Leeds, LS1 4AW
confirm that I have given independent advice to Mr Andrew James Murfin ("the
Employee") as to the terms and effect of the agreement to be entered into
between you and him and in particular its effect on his ability to pursue his
rights before an Employment Tribunal in relation to the termination of his
employment.

I confirm that I am a Solicitor of the Supreme Court holding a current
Practising Certificate and that there is, and was at the time I gave the advice
referred to above, in force a contract of insurance or an indemnity provided for
members of a profession or a professional body covering the risk of a claim by
the Employee in respect of any loss arising out of that advice.

Yours faithfully,

/s/ Gordons LLP

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Beachcroft LLP                                              Compromise Agreement

APPENDIX 2

TEXT OF RESIGNATION LETTER

To: Cott Beverages Ltd

I hereby resign from my offices as director, officer and, if applicable, company
secretary of the Company and all of its Associated Companies, including without
limitation those listed below, with immediate effect from 1 August 2006

COTT CORPORATION
COTT RETAIL BRANDS LIMITED
COTT LTD,
COTT EUROPE TRADING LIMITED
COTT PRIVATE LABEL LIMITED
COTT NELSON (HOLDINGS) LIMITED
COTT (NELSON) LIMITED.

SIGNED BY /S/ ANDREW MURFIN
          ---------------------------
          MR ANDREW MURFIN

DATED AUGUST 1, 2006

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