Letter Agreement Clarifying Nordic Share Purchase Agreement Execution Between Coca-Cola Enterprises Inc. and The Coca-Cola Company
This letter agreement, dated February 25, 2010, is between Coca-Cola Enterprises Inc. and The Coca-Cola Company. It clarifies that although the formal execution of the Nordic Share Purchase Agreement (SPA) has not been completed, both parties have agreed on its terms and will finalize and sign the document promptly. The final form of the Nordic SPA will be based on the existing Business Separation and Merger Agreement, subject to approval by The Coca-Cola Company and relevant committees and boards. Both parties confirm their understanding and commitment by signing this letter.
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Exhibit 2.4
February 25, 2010
Dear Mr. Kent:
This letter is executed simultaneously with our Business Separation and Merger Agreement (the "Agreement") to clarify certain matters related to the Nordic Share Purchase Agreement referenced in the Agreement. As you know, the execution form of said Nordic Share Purchase Agreement (the Nordic SPA") has not been completed, although the terms of such Nordic SPA have been agreed to in substance between us, and the parties to the Nordic SPA have agreed to complete the execution form of the Nordic SPA to be substantially modeled on the form of the Agreement to the extent applicable, and to execute the Nordic SPA without delay. The approval of the execution form of the Nordic SPA, of course, is subject to the approval of The Coca-Cola Company, and of the Affiliated Transaction Committee and Board of Coca-Cola Enterprises Inc.
If this letter correctly sets forth our agreement, please sign the duplicate so that our file will be complete.
| Sincerely yours, | ||||||
COCA-COLA ENTERPRISES INC. | ||||||
By: | /s/ John F. Brock | |||||
| | ||||||
| Name: | John F. Brock | |||||
| Title: | Chairman and Chief Executive Officer | |||||
| Accepted and agreed: | ||||||
THE COCA-COLA COMPANY | ||||||
By: | /s/ Muhtar Kent | |||||
| | ||||||
| Name: | Muhtar Kent | |||||
| Title: | Chairman and Chief Executive Officer | |||||
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- Exhibit 2.4
