Document:

Exhibit 4.1

 

EXECUTION COPY

 

 

FIRST SUPPLEMENTAL INDENTURE

 

FIRST SUPPLEMENTAL INDENTURE, dated as of June 14, 2016 (this “First Supplemental Indenture”), between Coca-Cola European Partners US, LLC (as successor by merger to Coca-Cola Enterprises, Inc. (formerly International CCE Inc.) (“CCE”)), a Delaware limited liability company (the “Issuer”), whose principal office is located at 2500 Windy Ridge Parkway, Atlanta, Georgia, 30339, and Deutsche Bank Trust Company Americas, as trustee (the “Trustee”).

 

W I T N E S S E T H

 

WHEREAS, CCE issued $250,000,000 aggregate principal amount of 2.000% Notes due 2016 (the “2016 Notes”) on August 19, 2011, $525,000,000 aggregate principal amount of 3.500% Notes due 2020 (the “2020 Notes”) on September 14, 2010, $250,000,000 aggregate principal amount of 3.250% Notes due 2021 (the “2021A Notes”) on August 19, 2011 and $300,000,000 aggregate principal amount of 4.500% Notes due 2021 (together with the 2016 Notes, the 2020 Notes and the 2021A Notes, the “Notes”, and each, a “series” of Notes) on February 18, 2011, each pursuant to an Indenture, dated as of September 14, 2010 (the “Base Indenture” and as amended and supplemented by this First Supplemental Indenture, the “Indenture”), between the Issuer and the Trustee; and

 

WHEREAS, pursuant to a Merger Agreement, dated as of August 6, 2015 among the Issuer, Coca-Cola European Partners plc (formerly Coca-Cola European Partners Limited) (“ParentCo”), Coca-Cola European Partners Holdings US, Inc. (formerly Orange U.S. HoldCo, LLC) and CCE, CCE has merged with and into the Issuer (the “Merger”), with the Issuer continuing as the surviving company; and

 

WHEREAS, as a result of the Merger, the Issuer has assumed the due and punctual payment of the principal of (and premium, if any) and interest on CCE’s outstanding Notes and wishes to affirm, pursuant to this First Supplemental Indenture, such assumption and its assumption of performance of every covenant of the Base Indenture, on the part of CCE to be performed or observed by CCE; and

 

WHEREAS, as a result of the Merger and the Issuer being a wholly-owned subsidiary of ParentCo, the Issuer operates under the direction of its board of managers and has no appointed officers; and

 

WHEREAS, Section 901(1) of the Base Indenture expressly permits the Issuer and the Trustee, subject to certain conditions, to enter into one or more supplemental indentures to evidence the succession of another person to CCE and the assumption by any such successor of the covenants of CCE contained in the Base Indenture and in the Notes and any related coupons in accordance with Article Eight of the Base Indenture; and

 

WHEREAS, for the purposes recited above, and pursuant to due corporate action, the Issuer has duly determined to execute and deliver to the Trustee this First Supplemental Indenture; and

   

  

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WHEREAS, all conditions and requirements necessary to make this First Supplemental Indenture a valid instrument in accordance with its terms have been done and performed, and the execution and delivery hereof have been in all respects duly authorized.

 

NOW, THEREFORE, in consideration of the premises, the Issuer and the Trustee mutually covenant and agree as follows:

 

ARTICLE 1. DEFINITIONS.

 

1.1         All terms contained in this First Supplemental Indenture shall, except as specifically provided herein or except as the context may otherwise require, have the meanings given to such terms in the Base Indenture.

 

1.2         The definition of Officer in Section 101 of the Base Indenture is hereby amended to insert immediately following the word, “Secretary”, the following: “or, if no such Officer has been elected or appointed by the Company, a member of the Board of Directors of the Company”.

 

ARTICLE 2. ASSUMPTION OF OBLIGATIONS

 

2.1         Assumption of Obligations.   Pursuant to Sections 801 and 901(1) of the Base Indenture, the Issuer assumes the due and punctual payment of the principal of (and premium, if any) and interest on each series of Notes and the performance of every covenant of the Base Indenture and the Notes on the part of CCE to be performed or observed by CCE as if the Issuer had been an initial signatory to the Base Indenture and the Notes.

 

ARTICLE 3. MISCELLANEOUS.

 

3.1         Ratification of Indenture.  The Indenture, as supplemented by this First Supplemental Indenture, is in all respects ratified and confirmed, and this First Supplemental Indenture shall be deemed a part of the Indenture in the manner and to the extent herein and therein provided.

 

3.2         Governing Law.  This First Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York without regard to conflicts of law principles of such State other than New York General Obligations Law Section 5-1401.

 

3.3         Counterparts.  This First Supplemental Indenture may be executed in several counterparts, each of which shall be an original, and all collectively but one and the same instrument.

 

3.4         The Trustee.  The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this First Supplemental Indenture or for or in respect of the recitals contained herein, all of which are made solely by the Issuer.  All rights, privileges, protections, indemnities and benefits granted or afforded to the Trustee under the Indenture shall be deemed incorporated herein by this reference and shall be applicable to all actions taken, suffered or omitted by the Trustee under this First Supplemental Indenture.

 

[Signature page follows]

   

  

2

  

   

IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be executed as of the date first above written.

 

	  	
COCA-COLA EUROPEAN PARTNERS US, LLC,

as Issuer

	  
	  	  	  	  
	  	  	  	  
	  	
By:

	
/s/ Joyce King-Lavinder

	  
	  	
Name:

	
Joyce King-Lavinder

	  
	  	
Title:

	
Director

	  

[First Supplemental Indenture Signature Page]

 

  

  

  

     

	  	
DEUTSCHE BANK TRUST COMPANY AMERICAS, 

as Trustee

	  
	  	  	  	  
	  	  	  	  
	  	
By:

	
/s/ Carol Ng

	  
	  	
Name:

	
Carol Ng

	  
	  	
Title:

	
Vice President

	  

     

	  	  	  	  
	  	
By:

	
/s/ Li Jiang

	  
	  	
Name:

	
Li Jiang

	  
	  	
Title:

	
Vice President

	  

[First Supplemental Indenture Signature Page]Unassociated Document

 

Exhibit 10.1

 

EMPLOYMENT CONTRACT

 

BETWEEN:  Wuhan Aoxin Tianli Enterprise Investment Management Co., Ltd., a company legally incorporated under the laws of People’s Republic of China, (Mailing address: Suite K, 12th Floor, Building A, Jiangjing Mansion, 228 Yanjiang Ave., Jiang’an District, Wuhan City, Hubei Province) acting and represented herein by Mr. Wocheng Liu, chairman of the board, declaring duly authorized (Hereinafter referred to "AOXIN TIANLI")

 

 AND:   Mr. Chun Choi Law (Hereinafter referred to "Mr. Chun Choi Law"), Identification number: E921571 (2)

 

 (Aoxin Tianli and Mr. Chun Choi Law hereinafter collectively called "Parties")

 

 1. PREAMBLE

 

 The preamble is an integral part of this contract.

 

 WHEREAS Aoxin Tianli requires the services of Mr. Chun Choi Law as Chief Financial Officer (CFO);

 

 WHEREAS, Mr. Chun Choi Law agreed to provide AOXIN TIANLI his full-time services as CFO;

 

 WHEREAS the parties wish to confirm their agreement in writing;

 

 WHEREAS the parties have the capacity and quality of exercise all the rights necessary for the conclusion and implementation of the agreement found in this contract;

 

 THEREFORE THE FOREGOING, THE PARTIES AGREE AS FOLLOWS:

 

2. PURPOSE

 

2.1 Services

 

Mr. Chun Choi Law agrees to assume full-time for AOXIN TIANLI (minimum of forty (40) hours per week) the role of CFO during the entire duration of the contract;

 

2.2 Term

 

This contract is for an initial term of 24 months (From June 14, 2016 to June 13, 2018) renewable for an additional period of 24 months unless either party terminates it in writing at least three (3) months before the expiration of the initial term.

 

 3. CONSIDERATION

 

 3.1 Service Awards

 

 In consideration of the provision of services, AOXIN TIANLI to pay Mr. Chun Choi Law, as compensation;

 

 The gross amount of HK $ 600,000 ($77,300 US dollars) annually, for which salary and rental reimbursement are 60% and 40% respectively, and it is calculated at the rate of twelve (12) equal monthly installments consecutively of HK$50,000 ($6,442 US dollars) each, less withholding taxes applicable.

 

 

 

 

 

The Year-end award shall only be paid and performed under the Incentive Plan submitted by the management team and approved by the Compensation Committee of the Board.

 

3.2 Expenditure incurred

 

 AOXIN TIANLI will reimburse Mr. Chun Choi Law all reasonable expenses incurred in connection with this Agreement, upon presentation of appropriate documentation.

 

 3.3 Terms and conditions of payment

 

 3 .3.1The price payable by AOXIN TIANLI to Mr. Chun Choi Law is as follows:

 

 3.3.2 The cash compensation shall be paid on the 10th of each month from July 10, 2016.

 

 3.3.3 The sum of Year-end award shall be paid in terms of the Company’s incentive plan.

 

3.3.4 Expenses will be reimbursed on presentation of an expense account on the 24th of each month.

 

4. SPECIAL PROVISIONS

 

 4.1 Obligations of AOXIN TIANLI

 

 AOXIN TIANLI agrees and undertakes to Mr. Chun Choi Law as follows:

 

 AOXIN TIANLI to bring Mr. Chun Choi Law collaboration and will provide information necessary to ensure the full and faithful discharge of services to be rendered;

 

 4.2 Obligation to Mr. Chun Choi Law

 

 Mr. Chun Choi Law agrees and undertakes to AOXIN TIANLI to the following:

 

The services must be made full time in a professional manner, according to the rules generally accepted by industry.

 

 4.3 Commitment to confidentiality and nondisclosure

 

 Mr. Chun Choi Law recognizes that certain disclosures to be provided by AOXIN TIANLI have or may have considerable strategic importance, and therefore represent trade secrets for purposes of this contract. During the term of this Contract and for a period of 36 months following the end of it, Mr. Chun Choi Law is committed to AOXIN TIANLI to:

 

 a) keep confidential and not disclose the information;

 

 b) take and implement all appropriate measures to protect the confidentiality of the information;

 

 c) not disclose, transmit, exploit or otherwise use for its own account or for others, elements of information;

 

 4.4 Exclusivity of service provider

 

 During the term of this Contract and for a period of 24 months following the end of it, Mr. Chun Choi Law is committed to AOXIN TIANLI not render services to or for direct or indirect competitors of AOXIN TIANLI.

 

 4.5 Responsibilities

 

	
4.5.1 

	
Maintain executive responsibility for financial operations, including working capital, capital expenditures, debt levels, taxes, budget, and general accounting.

	
4.5.2 

	
Develop and direct financial plans to the strategic business plan, company growth, and market opportunities and direction.

	
4.5.3 

	
Establish and maintain stable cash flow management policies and procedures, and ensure cash resources are available for daily operations and business and product development.

 

 

 

 

 

	
4.5.4 

	
Set-up and/or oversee all financial and operational controls and metrics within the organization.

	
4.5.5 

	
Analyze current and future business operations and plans to determine financial effectiveness.

	
4.5.6 

	
Manage outside lending and equity relationships, as well as relations with investors and shareholders within the investment community.

	
4.5.7 

	
Prepare and file federal, state, third-party, and other financial reports to ensure compliance with GAAP, SEC, and IRS and other taxing entity requirements.

	
4.5.8 

	
Establish the performance goals, allocate resources, and assess policies for employees, through other managers.

 

 4.6 Relationship between the parties

 

Neither party may bind the other in any way whatsoever to anyone, except in accordance with the provisions of this contract.

 

 4.7 Representations and Warranties made by Mr. Chun Choi Law

 

 Mr. Chun Choi Law represents and warrants to AOXIN TIANLI that:

 

 a) he has the capacity required to undertake under this contract, such capacity was not limited by any commitment to another person;

 

 b) he has the expertise and experience required to execute and complete the obligations under this contract;

 

 c) he will make services efficient and professional manner, according to the rules generally accepted by industry;

 

 4.8 Termination of Contract

 

 Either party may terminate this contract at any time, upon presentation of a 60 days notice given to the other party. Amounts due will be delivered when calculated on a pro-rata to the time elapsed since the last payment.

 

 5. GENERAL PROVISIONS

 

 Unless specific provision to the contrary in this Agreement, the following provisions apply.

 

 5.1 Force Majeure

 

Neither party can be considered in default under this contract if the performance of its obligations in whole or in part is delayed or prevented by following a force majeure situation. Force majeure is an external event, unforeseeable, irresistible and it absolutely impossible to fulfill an obligation.

 

 5.2 Severability

 

 The possible illegality or invalidity of an article, a paragraph or provision (or part of an article, a paragraph or provision) does not in any way affect the legality of other items, paragraphs or provisions of this contract, nor the rest of this article, this paragraph or provision unless a contrary intention is evident in the text.

 

 5.3 Notices

 

 Any notice to a party is deemed to have been validly given if in writing and sent by registered or certified mail, by bailiff or by courier to such party at the address listed at the beginning of this contract or any other address that the party may indicate a similar notice to another party. A copy of any notice sent by mail must be sent by one mode of delivery mentioned above.

 

 5.4 Titles

 

The headings used in this contract are only for reference and convenience only. They do not affect the meaning or scope of the provisions they designate.

 

 

 

 

 

 5.5 No Waiver

 

 The inertia, neglect or delay by any party to exercise any right or remedy under this Agreement shall in no way be construed as a waiver of such right or remedy.

 

 5.6 Rights cumulative and not alternative

 

 All the rights mentioned in this Agreement are cumulative and not alternative. The waiver of a right should not be construed as a waiver of any other right.

 

 5.7 Totality and entire agreement

 

This contract represents the full and entire agreement between the parties. No statement, representation, promise or condition contained in this agreement can and should be allowed to contradict, modify or affect in any manner whatsoever the terms thereof.

 

 5.8 Contract Amendment

 

 This contract may be amended only by a writing signed by all parties.

 

 5.9 Gender and Number

 

 All words and terms used in this agreement shall be interpreted as including the masculine and feminine and singular and plural as the context or meaning of this contract.

 

 5.10 Assignable

 

 Neither party may assign or otherwise transfer to any third party or of his rights in this contract without the prior written permission of the other party to that effect.

 

 5.11 Computation of time

 

 In computing any period fixed by the contract:

 

 a) the day that marks the starting point is not counted, but the terminal is;

 

 b) non-juridical days (Saturdays, Sundays and holidays) are counted;

 

 c) when the last day is not legal, the deadline is extended to the next juridical day.

 

 5.12 Currencies

 

 All sums of money under this contract refer to Hong Kong currency.

 

 5.13 Applicable Laws

 

 This contract is subject to the laws of the People’s Republic of China.

 

 5.14 Election of domicile

 

 The parties agree to elect domicile in the judicial district of Wuhan, China, and chose it as the appropriate district to hear any claim arising from the interpretation, application, performance, the entry into force, validity and effect of this contract.

 

 5.15 Copies

 

 When initialed and signed by all parties, each copy of this contract shall be deemed an original, but these examples do not reflect all one and the same agreement.

 

 

 

 

 

 5.16 Scope of Contract

 

 This contract binds the parties and their successors, heirs and assigns, respectively.

 

 5.17 Solidarity

 

 If a party consists of two or more persons, they are forced and severally liable to the other party.

 

 6. EFFECTIVE DATE OF CONTRACT

 

 This Agreement shall enter into force June 14, 2016.

 

 

SIGNED BY Two (2) copies,

 

 

IN THE CITY OF WUHAN, HUBEI PROVINCE, 

 

DATED: June 14, 2016.

 

 

Wuhan Aoxin Tianli Enterprise Investment Management Co., Ltd (seal)

 

 

By: /s/ Wocheng Liu

            Wocheng Liu 

            Chairman and Co- Chief Executive Officer

 

By: /S/ Chun Choi Law

Chun Choi Law

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