EX-10.18 10 exhibit1018-amendmentno1.htm EX-10.18 exhibit1018-amendmentno1
Exhibit 10.18 [***] – CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN EXCLUDED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. EXECUTION VERSION FIRST AMENDMENT TO COMPREHENSIVE BEVERAGE AGREEMENT This First Amendment to Comprehensive Beverage Agreement (this “Amendment”) is entered into on April 28, 2017 (the “Effective Date”), by and between The Coca-Cola Company, a Delaware corporation (“Company”), Coca-Cola Refreshments USA, Inc. (“CCR”), a wholly-owned subsidiary of Company, and Coca-Cola Bottling Co. Consolidated, a Delaware corporation (“Bottler”). Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed thereto in the Agreement (as hereinafter defined and as amended hereby). RECITALS WHEREAS, Company, CCR and Bottler are parties to that certain Comprehensive Beverage Agreement (the “Agreement”), having an effective date of March 31, 2017; and WHEREAS, Company, CCR and Bottler now wish to amend the Agreement as set forth herein. NOW, THEREFORE, in consideration of these promises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 1. The parties hereto hereby amend Exhibit C-2 (Sub-Bottling Territory) to the Agreement by adding the “Akron/Elyria/Toledo/Willoughby/Youngstown Subterritory” set forth on Attachment A hereto to such Exhibit. 2. The parties hereto hereby amend Schedule 3.2 (Sub-Bottling Payments) to the Agreement by adding the following to the final sentence of the second paragraph of such Schedule: and  (c)  the  amount  of  the  Sub‐Bottling  Payment  for  the  Akron/Elyria/Toledo/Willoughby/Youngstown  Subterritory  identified  on  Exhibit C‐2 will be calculated for each Bottler fiscal quarter by (i) multiplying  Bottler’s Sub‐Bottling Gross Profit in such Subterritory for such fiscal quarter  by the [***] set forth in Schedule 3.2.1‐B corresponding to the [***].  3. The parties hereto herby further amend the Agreement by adding the Schedule attached hereto as Attachment B as new Schedule 3.2.1-B to the Agreement.


 
- 2 - 4. Other than as expressly amended by this Amendment, the Agreement will continue in effect in accordance with its terms. 5. This Amendment shall be governed by and construed in accordance with the laws of the State of Georgia, without regard to principles of conflict of laws. 6. This Amendment may be signed in counterparts, which together shall constitute one agreement. [Signature Page Follows]


 
IN WITNESS WHEREOF, the parties hereto have executed this Amendment by their duly authorized representatives as of the date first written above. THE COCA-COLA COMPANY By: /s/ J. A. M. Douglas, Jr. Authorized Representative COCA-COLA REFRESHMENTS USA, INC. By: /s/ J. A. M. Douglas, Jr. Authorized Representative COCA-COLA BOTTLING CO. CONSOLIDATED By: /s/ E. Beauregarde Fisher III Authorized Representative Signature Page to Amendment to Comprehensive Beverage Agreement


 
A-1 ATTACHMENT A   Akron/Elyria/Toledo/Willoughby/Youngstown Subterritory:    State  County  Sales Center  Description  Ohio  Ashtabula  Willoughby OH  All locations in Ashtabula County  Ohio  Carroll  Akron OH  All locations in Carroll County  Ohio  Columbiana  Youngstown OH  All locations in Columbiana County  Ohio  Erie  Elyria OH  All locations in Erie County, EXCLUDING all locations on  Kelley's Island.  Ohio  Erie  Toledo OH  Only those locations in Erie County located on Kelley's Island.  Ohio  Fulton  Toledo OH  All locations in Fulton County  Ohio  Geauga  Akron OH  Only those locations in Geauga County that are in the  southwest corner that are south of the Conrail Railroad line  that runs from the eastern Cuyahoga County boundary to the  northern Portage County boundary.  Ohio  Geauga  Willoughby OH  All locations in Geauga County, EXCLUDING a small area in  the southwest corner that is south of the Conrail Railroad  line that runs from the eastern Cuyahoga County boundary  to the northern Portage County boundary.  Ohio  Harrison  Akron OH  Only those locations in Harrison County located in the city  limits of Bowerston.  Ohio  Henry  Toledo OH  All locations in Henry County north of a line starting at a  point (84°13'39.037"W 41°15'11.586"N) where State Route  18 crosses the Henry ‐ Defiance County boundary; thence  eastwardly along State Route 18, through and not including  the town of Holgate, to a point (84°2'11.551"W  41°15'14.379"N) at the intersection of State Route 18 and  County Road G; thence south along State Route 18 through  and not including the town of Hamler; thence south and  eastwardly out of Hamler on State Route 18 to a point  (83°52'55.48"W 41°13'33.438"N) where State Route 18  crosses the Henry ‐ Wood County boundary.  Ohio  Huron  Elyria OH  All locations in Huron County north of a due east‐west line  running through a point (82°33'33.325"W 41°10'34.722"N) at  the intersection of US Highway 250 and Dublin Rd, but  excluding all locations within the city limits of the town of  Bellevue.  Ohio  Huron  Toledo OH  Only those locations in Huron County within the city limits of  the town of Bellevue.  Ohio  Lake  Willoughby OH  All locations in Lake County  Ohio  Lorain  Elyria OH  All locations in Lorain County, EXCLUDING those locations on  or along New London Eastern Rd across the very southern  part of the County.  Ohio  Lucas  Toledo OH  All locations in Lucas County 


 
A-2 State  County  Sales Center  Description  Ohio  Mahoning  Youngstown OH  All locations in Mahoning County  Ohio  Medina  Akron OH  All locations in Medina County, EXCLUDING two small areas  on the southern County boundary that are east, south, and  west of a line starting at a point (82°0'20.379"W  40°59'25.562"N) where Cemetery Rd crosses the Medina ‐  Wayne county boundary; thence north along Cemetery Rd  to a point (82°0'20.395"W 41°0'1.963"N) at the intersection  of Cemetery Rd and Willow Rd; thence east along Willow  Rd to a point (81°59'46.669"W 41°0'1.823"N) at the  intersection of Willow Rd and State Highway 83 (Avon Lake  Rd); thence north along State Highway 83 to a point  (81°59'46.382"W 41°0'18.51"N) at the intersection of State  Highway 83 and White Rd; thence east along White Rd to a  point (81°57'54.494"W 41°0'33.523"N) at the intersection  of White Rd and Friendsville Rd; thence south along  Friendsville Rd to a point (81°57'28.662"W 40°59'23.484"N)  where it crosses the Medina ‐ Wayne county boundary;  AND all points along Wooster Pike from the Medina ‐  Wayne county boundary north to a point (81°53'13.003"W  41°0'5.231"N) at the intersection of Wooster Pike and Mud  Lake Rd.  Ohio  Ottawa  Toledo OH  All locations in Ottawa County  Ohio  Portage  Akron OH  All locations in Portage County  Ohio  Sandusky  Toledo OH  All locations in Sandusky County, EXCLUDING the town of  Green Springs.  Ohio  Seneca  Toledo OH  Only those locations in Seneca County in a small portion in  the northeast corner around the town of Flat Rock bounded  on the west by Township Road 82 and bounded on the  south by Township Rd 178, including the town of Flat Rock.  Ohio  Stark  Akron OH  All locations in Stark County  Ohio  Summit  Akron OH  All locations in Summit County  Ohio  Trumbull  Youngstown OH  All locations in Trumbull County  Ohio  Tuscarawas  Akron OH  All locations in Tuscarawas County in the following  townships in the northeastern part of the County: Franklin,  Lawrence, Sandy, Dover, Goshen, Fairfield, Warren, New  Philadelphia, York, Union, Clay, Warwick, Mill, and Rush. 


 
A-3 State  County  Sales Center  Description  Ohio  Wayne  Akron OH  All locations in Wayne County north and east of a line  starting at a point (81°38'52.207"W 40°53'42.248"N) where  County Road 27 (Fulton Rd) crosses the Wayne ‐ Stark  county boundary; thence westwardly along County Road  27, through and including the town of Marshallville, to a  point (81°48'40.181"W 40°54'6.568"N) at the intersection  of County Road 27 and County Road   200 (Blough Rd); thence north along County Road 200 to a  point (81°48'43.266"W 40°56'44.561"N) at the intersection  of County Road 200 and State Highway 604; thence west  along State Highway 604 (Easton Rd) to a point  (81°49'17.228"W 40°56'44.387"N) at the intersection of  State Highway 604 and Shorle Rd; thence north along  Shorle Rd to a point (81°49'20.154"W 40°59'18.124"N)  where it crosses the Wayne ‐ Medina county boundary.  Ohio  Williams  Toledo OH  All locations in Williams County east of a line starting at a  point (84°28'41.096"W 41°25'37.75"N) at the intersection  of County Line Rd and County Rd 18 on the Williams ‐  Defiance County boundary; thence north on County Rd 18  to a point (84°28'40.828"W 41°31'42.77"N) at the  intersection of County Rd 18 and County Rd H; thence west  on County Rd H to a point (84°37'55.7"W 41°31'41.766"N)  at the intersection of County Rd H and County Rd 10;  thence north on County Rd 10 to a point (84°37'52.484"W  41°42'3.072"N) where County Rd 10 crosses the Williams ‐  Hillsdale County boundary.  Ohio  Wood  Toledo OH  All locations in Wood County north of a line starting at a  point (83°52'57.78"W 41°17'3.093"N) where State Route  281 (Defiance Pike) crosses the Wood ‐ Henry County  boundary; thence east along State Route 281 to a point  (83°30'31.289"W 41°16'57.215"N) at the intersection of  State Route 281 and State Route 199 (McCutcheonville Rd);  thence southward along State Route 199 to a point  (83°29'27.587"W 41°14'37.734"N) at the intersection of  State Route 199 and County Highway 3 (Cygnet Rd), in the  town of West Millgrove, West Millgrove not included;  thence north and eastwardly along County Highway 3 to a  point (83°25'11.467"W 41°15'14.495"N) where County  Highway 3 crosses the Wood ‐ Sandusky County boundary. 


 
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