Amendment to Can Supply Agreement between Rexam Beverage Can Company and Coca-Cola Enterprises Inc.
Rexam Beverage Can Company and Coca-Cola Enterprises Inc. have amended their existing Can Supply Agreement. Rexam will supply all of Coca-Cola's needs for up to five color labels and maintain current supply levels for six color labels, which make up 15% of Coca-Cola's total requirements. Coca-Cola waives a previously agreed price reduction starting January 1, 2004, but will receive a price decrease effective April 1, 2003, due to lower material costs. The amendment is effective upon mutual agreement and signature by both parties.
Exhibit 10.29
REXAM
BEVERAGE CAN
Americas
September 3, 2003
Mr. John J. Culhane
General Counsel & Corporate Secretary
Coca-Cola Bottlers’ Sales & Service Company LLP
2500 Windy Hill Parkway
Atlanta, GA 30339
Dear Mr. Culhane,
This letter confirms our discussions and amends our Can Supply Agreement, dated January 1, 1999, as amended June 25, 2002 (the “Agreement”), as follows:
| 1. | Notwithstanding Exhibit A of the Agreement, Rexam shall provide CCE with 100% of its requirements for up to 5 color labels and with its current requirements for 6 color labels, which constitutes 15% of CCE’s total requirements. Requests for supply beyond the current requirements may require further discussions. |
| 2. | CCE hereby waives the reduction of $*** in the price paid by CCE for cans that it would be entitled to receive commencing on January 1, 2004, as provided in Section IV (a) of Exhibit C of the Agreement. |
| 3. | The price CCE pays for cans shall be reduced effective April 1, 2003, by $*** per thousand ($***/bodies, $***/ends), to reflect the reduction in ingot conversion charges received from Alcan, as a result of the April 1, 2003 decrease in PPI. |
If you are in agreement with the above, please sign where indicated below and return a copy of this letter to me.
| Sincerely, |
| /S/ PATRICK J. SULLIVAN |
| Vice President, Sales |
| Rexam Beverage Can Company |
| Accepted an agreed to on behalf of COCA-COLA ENTERPRICES INC. |
| /S/ JOHN J. CULHANE |
| John J. Culhane |
| General Counsel & Corporate Secretary |
| Coca-Cola Bottlers Sales and Services Company, LLC as Agent for Coca-Cola Enterprises Inc. |
| ***CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. | REXAM BEVERAGE CAN COMPANY 8770 WEST BRYN MAWR AVENUE SUITE 175 CHICAGO, ILLINOIS 60631-3655 USA TEL: +1 ###-###-#### |
