Attached files
file | filename |
---|---|
10-Q - FORM 10-Q - Coca-Cola Consolidated, Inc. | g25163e10vq.htm |
EX-12 - EX-12 - Coca-Cola Consolidated, Inc. | g25163exv12.htm |
EX-32 - EX-32 - Coca-Cola Consolidated, Inc. | g25163exv32.htm |
EX-31.1 - EX-31.1 - Coca-Cola Consolidated, Inc. | g25163exv31w1.htm |
EX-10.6 - EX-10.6 - Coca-Cola Consolidated, Inc. | g25163exv10w6.htm |
EX-10.1 - EX-10.1 - Coca-Cola Consolidated, Inc. | g25163exv10w1.htm |
EX-10.2 - EX-10.2 - Coca-Cola Consolidated, Inc. | g25163exv10w2.htm |
EX-10.3 - EX-10.3 - Coca-Cola Consolidated, Inc. | g25163exv10w3.htm |
EX-31.2 - EX-31.2 - Coca-Cola Consolidated, Inc. | g25163exv31w2.htm |
EX-10.4 - EX-10.4 - Coca-Cola Consolidated, Inc. | g25163exv10w4.htm |
Exhibit 10.5
P.O. Box 1734 | |||||||||
December 10, 2001 | Atlanta, GA 30301 | ||||||||
404.676.2121 |
Coca-Cola Bottling Co. Consolidated
4100 Coca-Cola Plaza
Charlotte, NC 28211-3481
4100 Coca-Cola Plaza
Charlotte, NC 28211-3481
Attn: | William B. Elmore, Jr. President and Chief Operating Officer |
Gentlemen:
This letter is submitted by The Coca-Cola Company (the Company) in response to the specific
request of Coca-Cola Bottling Co. Consolidated and its directly and indirectly controlled
subsidiaries and affiliates that are engaged in the production or sale of beverages pursuant to
Contracts (as defined below) with the Company (collectively, Consolidated), in connection with
the execution by Consolidated of the Marketing and Distribution Agreements for Dasani® covering the
licensed bottling territories of Consolidated (the Dasani MDAs).
The Company and Consolidated acknowledge that the Dasani MDAs are considered Contracts as
defined in that certain letter agreement dated December 14, 1994 between the Company and
Consolidated, a copy of which is attached hereto. Accordingly, the Company hereby confirms,
consistent with paragraph 3 of such letter agreement, that as applied solely to Coca-Cola Bottling
Co. Consolidated, the Company hereby waives the right under Paragraph 26 of the Dasani MDAs that
would otherwise exist upon the occurrence of the event of default defined in subparagraph 26(a)(ii)
or (iii) of the Dasani MDAs. The foregoing waiver will terminate immediately should Coca-Cola
Bottling Co. Consolidated cease to be a public company. As stated in such paragraph 3, except as
expressly set forth therein as applied solely to Coca-Cola Bottling Co. Consolidated, the Company
expressly reserves and does not waive any other rights of the Company under the Dasani MDAs or any
of the other Contracts or any other contract or agreement.
Please indicate your agreement with the foregoing by executing two copies of this letter
agreement and returning them to us.
The Coca-Cola Company, Coca-Cola North America Division |
||||
By: | /s/ Paul W. Wood | |||
Title: VP Bottler Business Development | ||||
December 10, 2001
Page 2
Page 2
Accepted and agreed to:
Coca-Cola Bottling Co. Consolidated, on behalf of itself and its subsidiaries and affiliates described above |
By: | /s/ Umesh M. Kasbekar | |||
Title: Vice President | ||||
CONFIDENTIAL | ||||
JOHN J. CULHANE |
||||
GENERAL COUNSEL
|
ADDRESS REPLY TO | |||
COCA-COLA USA
|
ATLANTA, GA 3O3OI | |||
LEGAL DIVISION
|
December 14, 1994 | | ||
404-818-5888 | ||||
FAX: 404-515-4128 |
Coca-Cola Battling Co. Consolidated
Tallan Building, Suite 901
Chattanooga, Tennessee 37402
Tallan Building, Suite 901
Chattanooga, Tennessee 37402
Attention: Reid M. Henson
Gentlemen:
This letter is submitted by The Coca-Cola Company (the Company) in response to the specific
request of Coca-Cola Bottling Co. Consolidated (Consolidated)1 in
recognition of the special circumstances affecting Consolidated, including certain issues raised by
Consolidateds status as a publicly traded company. In consideration of the execution by
Consolidated, now and in the future, of the new Marketing and Distribution Agreement such as the
one offered in October, 1994 for POWERADE (the Contracts), and in recognition of the fact that
Consolidated is and will be in the future executing the Contracts in reliance upon this agreement,
the Company agrees that:
1 | Except with respect to paragraph 3 below, for purposes of this Agreement, the term Consolidated shall include Coca-Cola Bottling Co, Consolidated and its directly and indirectly controlled subsidiaries existing at any time during the term of this Agreement which are engaged in the production or sale of beverages pursuant to Contracts with the Company. |
Coca-Cola Bottling Co Consolidated
December 14, 1994
Page 2
December 14, 1994
Page 2
1. The Company acknowledges that the exercise of its rights under the Contracts will require
consideration, as appropriate to each particular situation, of such criteria as: (i) the
performance of Consolidated as distributors relative to that of other comparable distributors who
are parties to similar contracts; (ii) the nature of the competition and the identity of and
resources of the major competitors within the respective Territories of Consolidated, as well as
the competitive activity in those Territories; (iii) the price trends of the Beverages sold by the
Company to consolidated relative to other competitive factors and market conditions in the
Territories, including Consolidateds prices to retailers for Beverages; (iv) such other criteria
as shall in the reasonable opinion of the Company be relevant and material to the exercise by the
Company of its rights under the contracts; provided, however, that it is understood that while
these criteria are to be considered, the Companys exercise of its rights under the Contracts shall
not be limited or mandated by any one or more of such criteria, and that the Company is free to
exercise its rights in accordance with its reasonable business judgment in view of all relevant
factors, including the Companys situation.
2. The Company agrees that in the event the Company enters into a written amendment to similar
contracts between the Company and any other distributor of Beverages in a territory in the United
States which amendment is of a material, substantive term or condition of those similar contracts
(other than an agreement relating to the transfer of ownership of a particular distributor such as
that of Paragraph 3 below) which term or condition as amended could have application to
Consolidated, the Company will offer such amendment in its entirety to Consolidated on the same
terms and conditions as exist in the written amendment between the Company and such other
distributor. The parties agree that no such written amendment shall be deemed to exist by virtue of
any action, inaction or course of dealing undertaken by the company with respect to marketing,
planning, quality control or other matters which are contemplated by the terms and conditions of
those similar contracts.
3. As applied solely to Coca-Cola Bottling Co. Consolidated, the Company hereby waives the right
under Paragraph 25 of the contracts between Coca-Cola Bottling Co. Consolidated and the company
that would otherwise exist upon the occurrence of the event of default defined in subparagraph
25(a)(ii) or (iii) of such Contracts. The foregoing waiver shall terminate immediately should
Coca-Cola Bottling Co. Consolidated cease to be a public company.
Except as expressly set forth in this paragraph 3 as applied solely to Coca-Cola Bottling Co.
Consolidated, the Company expressly reserves and does not waive any other rights of the company
under the Contracts or any other contract or agreement.
4. The company agrees that a default by Consolidated under the terms of the Contracts will not, in
and of itself, create a default under the terms of the Master Bottle Contracts, Allied Bottle
Contracts or other contracts between the Company and Consolidated, and that such default, in and of
itself, will not give the Company the right to terminate such other contracts.
Coca-Cola Bottling Co Consolidated
December 14, 1994
Page 3
December 14, 1994
Page 3
5. The provisions in the Contracts to the effect that the Contracts encompass all agreements
between the parties and supersede all prior agreements shall not have any effect on the validity
and continuance of the provisions of this Agreement, which shall have the same term as the
contracts. The parties agree that the Contracts and this Agreement constitute the entire agreement
between Coca-Cola Bottling Co. Consolidated and the Company. All prior agreements, arrangements,
communications or understandings, whether oral or written, with respect to the Contracts or this
Agreement between the parties and their legal predecessors, if any, are canceled
hereby. The parties further agree that no such prior agreements, drafts, arrangements,
correspondence, communications or understandings, whether oral or written, shall be used in any
legal proceeding that may arise with respect to the application, construction or interpretation of
the contracts or this Agreement.
6. As used herein, similar contracts shall mean contracts which contain substantially the same
terns and are in substantially the same form as the Contracts.
7. This Agreement shall be binding upon the successors, if any, of the Company or Consolidated.
8. Company and Consolidated agree that the contents of this Agreement are confidential and that
neither party may discuss or disclose any of the provisions herein without the express written
permission of the other party.
Please indicate your agreement with the foregoing by executing two copies of this Agreement.
Very truly yours, COCA-COLA COMPANY |
||||
By: | /s/ John J. Culhane | |||
Title: General Counsel | ||||
ACCEPTED AND AGREED TO:
COCA-COLA BOTTLING Co. CONSOLIDATED,
on behalf of itself and its directly and indirectly controlled subs.
on behalf of itself and its directly and indirectly controlled subs.
By: | /s/ Reid M. Henson | |||
Title: Vice Chairman | ||||