AMENDMENT TO OPTION AGREEMENT AND CUSTODY AGREEMENT
Execution version.
Exhibit 99.4
AMENDMENT
TO
OPTION AGREEMENT
AND
CUSTODY AGREEMENT
In Xxxxxxxx de Chile, as of June 20, 2016, by and among, on one hand:
INVERSIONES XXXXXX X.X., formerly “Inversiones Freire Limitada” (“Freire One”), a corporation organized under the laws of Chile, domiciled for the purposes of this agreement at Xxxxxxx Xx Xxxx 000, 00xx Xxxxx, Xxx Xxxxxx, Xxxxxxxx, Tax Identification Number 96.450.000-2, herein represented by Xx Xxxx Xxxxxxx Xxxxxx Xxxxx (senior) and Xx Xxxx Xxxxxxx Eluchans Xxxxxx;
INVERSIONES FREIRE DOS S.A., formerly “Inversiones Freire Dos Limitada” (“Freire Two”), a corporation organized under the laws of Chile, domiciled for the purposes of this agreement at Xxxxxxx Xx Xxxx 000, 00xx Xxxxx, Xxx Xxxxxx, Xxxxxxxx, Tax Identification Number 78.816.440-8, herein represented by Xx Xxxx Xxxxxxx Xxxxxx Xxxxx (senior) and Xx Xxxx Xxxxxxx Eluchans Xxxxxx;
INVERSIONES XX XXXX LIMITADA (“SH Six”), a limited liability company organized under the laws of Chile, as legal successor of “Inversiones Freire Alfa S.A.” (“Freire Alfa”) and “Inversiones Freire Dos Alfa S.A.” (“Freire Two Alfa”), domiciled for the purposes of this agreement at Xxxxxxx Xx Xxxx 00, xxxxxx 000, Xxx Xxxxxx, Xxxxxxxx, Xxx Identification Number 76.273.760-4, herein represented by Xx Xxxxxxx Said Xxxxxx and Xx Xxxxx Said Xxxxxx;
INVERSIONES CABILDO SpA (“Cabildo”), a stock company organized under the laws of Chile, as legal successor of “Inversiones Freire Beta S.A.” (“Freire Beta”) and “Inversiones Freire Dos Beta S.A.” (“Freire Two Beta”), domiciled for the purposes of this agreement at Xxxxxx Xxxxx 2687, 20th Floor, Las Condes, Santiago, Tax Identification Number 76.062.133-1, herein represented by Xx Xxxxxxxx Saíd Somavía and Xx Xxxxxxx Xxxxx Xxxxx;
INVERSIONES CHUCAO LIMITADA (“Chucao”), a limited liability company organized under the laws of Chile, as successor of “Inversiones El Olivillo Limitada” (“El Olivillo”) and of “Inversiones Alerce Limitada (“Alerce”), domiciled for the purposes of this agreement at Xxxxxxx Xx Xxxx 000, 00xx Xxxxx, Xxx Xxxxxx, Xxxxxxxx, Tax Identification Number 76.238.919-3, herein represented by Xx Xxxxxxxx Xxxxxxx Xxxxxx and Xx Xxxxxx Xxxxxxx Xxxxxx;
INVERSIONES NUEVA DELTA S.A. (“New Delta”), a corporation organized under the laws of Chile, as legal successor of “Inversiones Freire Delta S.A.” (“Freire Delta”), domiciled for the purposes of this agreement at Xxxxxxx Xx Xxxx 000, 00xx Xxxxx, Xxx Xxxxxx, Xxxxxxxx, Tax Identification Number 76.309.233-K, herein represented by Xx Xxxx Xxxxxxx Xxxxxx Xxxxx (junior) and Xx Xxxx Xxxxxxx Xxxxxx Xxxxx (senior);
INVERSIONES NUEVA DELTA DOS S.A. (“New Delta Two”), a corporation organized under the laws of Chile, as legal successor of “Inversiones Freire Dos Delta S.A.” (“Freire Two Delta”), domiciled for the purposes of this agreement at Xxxxxxx Xx Xxxx 000, 00xx Xxxxx, Xxx Xxxxxx, Xxxxxxxx, Tax Identification Number 76.309.244-5, herein represented by Xx Xxxx Xxxxxxx Xxxxxx Xxxxx (junior) and Xx Xxxx Xxxxxxx Xxxxxx Xxxxx (senior);
INVERSIONES LOS AROMOS LIMITADA (“Los Aromos”), a limited liability company organized under the laws of Chile, domiciled for the purposes of this agreement at Xxxxxxx Xxxxx Xxxxxxx 000, 0xx Xxxxx, Xxxxx Xxx, Las Condes, Santiago, Tax Identification Number 79.689.020-7, herein represented by Xx Xxxxxxxx Xxxxx Xxxxxxxx, Xx Xxxxxxx Xxxxxxxx Claro and Ms Xxxxx de la Xxx Xxxxxxxx Xxxxxxx;
INVERSIONES LAS GAVIOTAS DOS LIMITADA (“Las Gaviotas”), a limited liability company organized under the laws of Chile, domiciled for the purposes of this agreement at Xxxxxxx Xxxxx Xxxxxxx 000, 0xx Xxxxx, Xxxxx Xxx, Las Condes, Santiago, Tax Identification Number 76.273.887-2, herein represented by Xx Xxxxxxxx Xxxxx Xxxxxxxx;
INVERSIONES PLAYA NEGRA SpA, formerly named INVERSIONES PLAYA NEGRA DOS LIMITADA (“Playa Negra”), a stock company organized under the laws of Chile, domiciled for the purposes of this agreement at Xxxxxxx Xxxxx Xxxxxxx 000, 0xx Xxxxx, Xxxxx Xxx, Las Condes, Santiago, Tax Identification Number 76.273.973-9, herein represented by Xx Xxxxxxxx Xxxxx Xxxxxxxx;
INVERSIONES EL CAMPANARIO LIMITADA, formerly named INVERSIONES EL CAMPANARIO DOS LIMITADA (“Campanario”), a limited liability company organized under the laws of Chile, domiciled for the purposes of this agreement at Xxxxxxx Xxxxx Xxxxxxx 000, 0xx Xxxxx, Xxxxx Xxx, Las Condes, Santiago, Tax Identification Number 76.273.959-3, herein represented by Xx Xxxxx Xxxxxxx Xxxxxxxx Claro;
INVERSIONES LAS NIÑAS DOS SpA, formerly named INVERSIONES LAS XXXXX DOS LIMITADA (“Las Niñas”), a stock company organized under the laws of Chile, domiciled for the purposes of this agreement at Xxxxxxx Xxxxx Xxxxxxx 000, 0xx Xxxxx, Xxxxx Xxx, Las Condes, Santiago, Tax Identification Number 76.273.943-7, herein represented by Xx Xxxxxxx Xxxxxxxx Claro;
INVERSIONES XXX XXXXXXX LIMITADA, formerly named INVERSIONES XXX XXXXXXX DOS LIMITADA (“Xxx Xxxxxxx”), a limited liability company organized under the laws of Chile, domiciled for the purposes of this agreement at Xxxxxxx Xxxxx Xxxxxxx 000, 0xx Xxxxx, Xxxxx Xxx, Las Condes, Santiago, Tax Identification Number 76.273.918-6, herein represented by Ms Xxxxx de la Xxx Xxxxxxxx Xxxxxxx; and
INVERSIONES LOS XXXXXX LIMITADA, formerly named INVERSIONES LOS XXXXXX DOS LIMITADA (“Los Xxxxxx”), a limited liability company organized under the laws of Chile, domiciled for the purposes of this agreement at Xxxxxxx Xxxxx Xxxxxxx 000, 0xx Xxxxx, Xxxxx Xxx, Las Condes, Santiago, Tax Identification Number 76.273.886-4, herein represented by Ms Xxxxx Xxxxxxxx Xxxxxxxx Claro; (hereinafter Los Aromos, Las Gaviotas, Playa Negra, Campanario, Las Niñas, Xxx Xxxxxxx and Los Xxxxxx will be jointly referred to as “Group Aromos”); and on the other,
THE COCA‑COLA COMPANY (“TCCC”), a corporation organized under the laws of Delaware, U.S.A., domiciled for the purposes of this agreement at Xxx Xxxx-Xxxx Xxxxx, X.X., Xxxxxxx, Xxxxxxx, X.X.X., herein represented by Xx Xxxxxx X. Xxxxxx Xx.;
COCA‑COLA DE CHILE S.A. (“CCDC”), a corporation organized under the laws of Chile, domiciled for the purposes of this agreement at Xxxxxxx Xxxxxxx 0000, 00xx Xxxxx, Xxx Xxxxxx, Xxxxxxxx, Xxx Identification Number 96.714.870-9, herein represented by Xx Xxxxx Xxxxxxx Xxxxxxx; and
SERVICIOS Y PRODUCTOS PARA BEBIDAS REFRESCANTES SRL (“SPBR”), a corporation successor of “Coca-Cola de Argentina S.A.” and organized under the laws of Argentina, domiciled for the purposes of this agreement at Xxx Xxxx-Xxxx Xxxxx, X.X., Xxxxxxx, Xxxxxxx, X.X.X., Tax Identification Number 59.053.720-9, herein represented by Xx Xxxxxx Xxxxxx Xxxxxxxx Giné; and
EMBOTELLADORA ANDINA S.A. (“Andina” or the “issuer company”), a corporation organized under the laws of Chile, domiciled for the purposes of this agreement at Xxxxxxx Xx Xxxx 00, 0xx Xxxxx, Xxx Xxxxxx, Xxxxxxxx, Tax Identification Number 91.144.000-8, herein represented by Xx Xxxxxx Xxxxxx Xxxxxxx and Xx Xxxxx Xxxxx Xxxxxxxxx;
all being of legal age, agree as follows:
RECITALS
WHEREAS, by private document executed on September 5, 1996, Freire One, Freire Two, TCCC, Interamerican, SPBR (formerly Coca-Cola de Argentina S.A.), Andina and Citibank, N.A. entered into an Option Agreement and a Custody Agreement (hereinafter referred to as the “Option Agreement”). The Option Agreement has been amended on December 17, 1996, September 28, 2012, October 1, 2012, December 26, 2012 and August 18, 2014. In addition, as a result of a corporate reorganization of Los Aromos, the Shares of Andina held by Los Aromos were assigned to certain companies created under such reorganization, which on September 9, 2013 adhered to the Option Agreement. As a result of these amendments and adhesions, up to this date the parties to the Option Agreement are Freire One, Freire Two, SH Six, Cabildo, El Olivillo, Alerce, New Delta, New Delta Two, Los Aromos, Las Gaviotas, Playa Negra, Campanario, Las Niñas, Xxx Xxxxxxx, Los Xxxxxx, TCCC, CCDC, SPBR and Andina, and additionally, Interamerican, as the Trustee according to clause Eleventh of the Option Agreement;
WHEREAS, on June 25, 2012, an Amended and Restated Shareholder’s Agreement was entered into (the “Amended SHA”), which was amended as of August 31, 2012 and August 18, 2014, by and among Andina TCCC, Interamerican (which on December 26, 2012 transferred to CCDC all of the shares owned by Interamerican issued by Andina), SPBR, CCDC, Freire One (which was subject to a corporate restructuring whereby Freire Alfa, Freire Beta, Freire Gamma and Freire Delta were formed and certain shares of Andina were allocated among these companies, which on October 1, 2012 agreed to become bound by the Amended SHA), Freire Two (which was subject to a corporate restructuring whereby Freire Two Alfa, Freire Two Beta, Freire Two Gamma and Freire Two Delta were formed and certain shares of Andina were allocated among these companies, which on October 1, 2012 agreed to become bound by the Amended SHA; and later, Freire Alfha and Freire Two Alfa merged into SH Six, Freire Beta and Freire Two Beta merged into Cabildo, Freire Gamma was transformed and changed its name to El Olivillo, Freire Two Gamma was transformed and changed its name to Alerce, Freire Delta merged with New Delta and Freire Two Delta merged with New Delta Two, and in turn all these new companies on August 18, 2014, adhered to the Amended SHA); and Los Aromos (which was subject to a corporate restructuring whereby Las Gaviotas, Playa Negra, Campanario, Las Xxxxx, Xxx Xxxxxxx and Los Xxxxxx were formed and all of the shares of Andina were allocated among these companies, which on September 9, 2013 agreed to become bound by the Amended SHA);
WHEREAS, on December 9, 2014, El Olivillo and Alerce merged into Chucao and as a result of the merger, Chucao owns a total of 50,001,644 Series A Stock, which includes the same 46,426,645 Series A Stock that belonged to El Olivillo, and the same 3,574,999 Series A Stock that belonged to Alerce (all the Series A Stock previously indicated hereinafter will be referred to as the “Transferred Shares”).
WHEREAS, by private document executed on this same date, the parties hereto amended the Amended SHA with the purpose of, among others, including and bound Chucao as part of such agreement. In such document, Xxxxxxx Xxxxxxx Xxxxxxxxxx, Xxxxxx Xxxxxxx Xxxxxx and Xxxxxxxx Xxxxxxx Xxxxxx represented and warranted to be the only and exclusive beneficial owners of Chucao.
NOW, THEREFORE, the parties hereto, intending to include and bound Chucao as part of the Option Agreement and Custody Agreement, agree to amend the Option Agreement, as follows:
1.Representation and adherence to the Option Agreement.
1.1. Chucao (i) represents to be the legal successor El Olivillo and Alerce, as a result of the merger of El Olivillo and Alerce into Chucao, owning 50,001,644 Series A Stock issued by Andina; and (ii) agrees to be bound by the terms and provisions of the Option Agreement and shall be deemed to be the successor of El Olivillo and Alerce under the Option Agreement, and that its corresponding Transferred Shares shall remain subject to the provisions of the Option Agreement.
2.Amendments to the Option Agreement.
In consideration of what was agreed in the first clause above, the Option Agreement is amended as of this date, in the following sense:
Chucao shall be considered a Grantor (Otorgante), Owner (Propietario) or member of the Freire Group under the Option Agreement, as defined therein or in any of its amendments. Consequently, as of this date, the Grantors (Otorgantes) and the Owners (Propietarios) members of the Freire Group are the following entities: (i) Freire One, (ii) Freire Two, (iii) SH Six, (iv) Cabildo, (v) New Delta, (vi) New Delta Two, and (vii) Chucao.
3.Validity.
Any provision of the Option Agreement not expressly modified in this document remains unchanged and in full force.
4.Statement by Andina and Interamerican.
Andina, duly represented as indicated above, for all the legal applicable purposes, hereby declares that is fully aware of the provisions included in this document.
In addition, COCA-COLA INTERAMERICAN CORPORATION, a corporation organized under the laws of Delaware, U.S.A., domiciled for the purposes of this agreement at Xxx Xxxx-Xxxx Xxxxx, X.X., Xxxxxxx, Xxxxxxx, X.X.X., Tax Identification Number 59.053.710-1, herein represented by Xx Xxxxxxx Xxxxxx Caracas, as the Trustee under the Option Agreement, hereby declares that is fully aware of the provisions included in this document.
5.Registration.
A copy of this document will be deposited at Embotelladora Andina S.A. and will be entered in its Shareholders Register.
6.Counterparts.
This document is executed in 18 counterparts, one for each of the appearing parties, and one to be deposited at Embotelladora Andina S.A.
/s/ Xxxx Xxxxxxx Xxxxxx Xxxxx | _/s/ Xxxx Xxxxxxx Eluchans Urenda____ |
p.p. Inversiones Freire X.X. x.x. Inversiones Freire Dos S.A | p.p. Inversiones Freire X.X. x.x. Inversiones Freire Dos S.A. |
___/s/ Xxxxxxx Said Handal___ | _______/s/ Xxxxx Said Handal____ |
p.p. Inversiones XX Xxxx Limitada | p.p. Inversiones XX Xxxx Limitada |
_____/s/ Salvador Said Somavía____ | _____/s/ Xxxxxxx Xxxxx Muñoz____ |
p.p. Inversiones Cabildo SpA | p.p. Inversiones Cabildo SpA |
___/s/ Xxxxxxxxx Xxxxxxx Berger__ | _____/s/ Xxxxxx Xxxxxxx Berger_____ |
p.p. Inversiones Chucao Limitada | p.p. Inversiones Chucao Limitada |
_/s/ Xxxx Xxxxxxx Xxxxxx Xxxxx (junior)_ | _/s/ Xxxx Xxxxxxx Xxxxxx Xxxxx (senior)__ |
p.p. Inversiones Nueva Delta X.X. x.x. Inversiones Nueva Delta Dos S.A. | p.p. Inversiones Nueva Delta X.X. x.x. Inversiones Nueva Delta Dos S.A. |
____/s/ Xxxxxxx Xxxxxxxx Claro____ | _/s/ Xxxxx de la Xxx Xxxxxxxx Hurtado_ |
p.p. Inversiones Los Aromos Limitada | p.p. Inversiones Los Aromos Limitada |
_____/s/ Xxxxxxxx Xxxxx Marchant_____ p.p. Inversiones Los Aromos Limitada |
_____/s/ Xxxxxxxx Xxxxx Marchant_____ |
p.p. Inversiones Las Gaviotas Dos Limitada ______/s/ Xxxxxxxx Xxxxx Marchant______ p.p. Inversiones Playa Negra SpA |
__/s/ Xxxxx Xxxxxxx Xxxxxxxx Claro__ |
p.p. Inversiones El Campanario Limitada |
____/s/ Xxxxxxx Xxxxxxxx Claro____ |
p.p. Inversiones Las Niñas Dos SpA |
_/s/ Xxxxx de la Xxx Xxxxxxxx Hurtado_ |
p.p. Inversiones Xxx Xxxxxxx Limitada |
__/s/ Xxxxx Xxxxxxxx Xxxxxxxx Claro__ |
p.p. Inversiones Los Xxxxxx Limitada |
______/s/ Xxxxxxxxxxx X. Nolan_______ |
p.p. The Coca-Cola Company |
________/s/ Xxxx Xxxxx Peña________ |
p.p. Coca-Cola de Chile S.A. |
___/s/ Xxxxxxxx Xxxxxxxxx Canedo___ |
p.p. Servicios y Productos Para Bebidas Refrescantes SRL |
______/s/ Xxxxxxxxxxx X. Nolan______ |
p.p. Coca-Cola Interamerican Corporation |
/s/ Xxxxx Xxxxx Xxxxxxxxx and Xxxxxx Xxxxxx Pollack p.p. Embotelladora Andina S.A. |
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