FOURTH AMENDMENT TO THE AMENDED AND RESTATED SHAREHOLDERS’ AGREEMENT
English Translation from Spanish (The original will be provided upon the request of the Commission). | ||||
Exhibit 99.3 | ||||
FOURTH AMENDMENT TO THE
AMENDED AND RESTATED SHAREHOLDERS’ AGREEMENT
THIS FOURTH AMENDMENT TO THE AMENDED AND RESTATED SHAREHOLDERS’ AGREEMENT (this “Amendment”) is made and entered into as of this 7th day of June, 2018, by and among:
EMBOTELLADORA ANDINA S.A., a corporation organized under the laws of Chile (“Andina”);
THE COCA‑COLA COMPANY, a corporation organized under the laws of Delaware, U.S.A. (“KO”);
SERVICIOS Y PRODUCTOS PARA BEBIDAS REFRESCANTES SRL, a corporation organized under the laws of Argentina (“SPBR”);
COCA‑COLA DE CHILE S.A., a corporation organized under the laws of Chile (“CCDC”, and collectively with KO and SPBR hereinafter referred to as the “KO Shareholders”);
INVERSIONES XXXXXX X.X. (“Xxxxxx One”), a corporation organized under the laws of Chile;
INVERSIONES FREIRE DOS S.A. (“Freire Two”), a corporation organized under the laws of Chile;
INVERSIONES XX XXXX LIMITADA, a limited liability company organized under the laws of Chile (“XX Xxxx”), as successor of INVERSIONES FREIRE ALFA S.A. (“Freire Alfa”) and INVERSIONES FREIRE DOS ALFA S.A. (“Freire Two Alfa”);
INVERSIONES CABILDO SpA, a stock company organized under the laws of Chile (“Cabildo”), as successor of INVERSIONES FREIRE BETA S.A. (“Freire Beta”) and INVERSIONES FREIRE DOS BETA S.A. (“Freire Two Beta”);
INVERSIONES LLEUQUE LIMITADA, a limited liability company organized under the laws of Chile (“Lleuque”), as successor of INVERSIONES CHUCAO LIMITADA (“Chucao”);
INVERSIONES NUEVA DELTA S.A., a corporation organized under the laws of Chile (“Nueva Delta”), as successor of INVERSIONES FREIRE DELTA S.A. (“Freire Delta”);
INVERSIONES NUEVA DELTA DOS S.A., a corporation organized under the laws of Chile (“Nueva Delta Dos”), as successor of INVERSIONES FREIRE DOS DELTA S.A. (“Freire Two Delta”), a corporation organized under the laws of Chile;
INVERSIONES LOS AROMOS LIMITADA (“Los Aromos”), a limited liability company organized under the laws of Chile;
INVERSIONES PLAYA AMARILLA SpA, formely named INVERSIONES LAS GAVIOTAS DOS LIMITADA (“Playa Amarilla”), a stock company organized under the laws of Chile;
INVERSIONES PLAYA NEGRA SpA, formerly named INVERSIONES PLAYA NEGRA DOS LIMITADA (“Playa Negra”), a stock company organized under the laws of Chile;
INVERSIONES EL CAMPANARIO LIMITADA, formerly named INVERSIONES EL CAMPANARIO DOS LIMITADA (“Campanario”), a limited liability company organized under the laws of Chile;
INVERSIONES LAS NIÑAS DOS SpA, formerly named INVERSIONES LAS XXXXX DOS LIMITADA (“Las Niñas”), a stock company organized under the laws of Chile;
INVERSIONES XXX XXXXXXX LIMITADA, formerly named INVERSIONES XXX XXXXXXX DOS LIMITADA (“Xxx Xxxxxxx”) a limited liability company organized under the laws of Chile;
INVERSIONES LOS XXXXXX LIMITADA, formerly named INVERSIONES LOS XXXXXX DOS LIMITADA (“Los Xxxxxx”), a limited liability company organized under the laws of Chile;
and the following individuals: (a) Xxxx Said Xxxxxx, Xxxxxx Xxxxxxxxx Xxxxxxx Dittborn, Salvador Said Xxxxxxx, Xxxxxx Said Xxxxxxx, Xxxxxxxxx Said Somavía and Loreto Said Somavía; (b) Xxxx Xxxxxxx Xxxxxx Xxxxx (senior), Xxxxx Xxxxxx Xxxxx Xxxxx, Xxxxx Xxxxxx Xxxxxx Xxxxx, Xxxxx Xxx Xxxxxx Xxxxx, Xxxx Xxxxxxx Xxxxxx Xxxxx (junior), Xxxxxx Xxxxxxx Xxxxxx Xxxxx and Xxxxxx Xxxxxx Xxxxxx Xxxxx; (c) Xxxxxxx Said Xxxxxx, Xxxxx Said Xxxxxx, Xxxxxx Said Xxxxxx, Xxxxxxx Said Xxxxxx, Xxxxxxx Said Xxxxxx and Xxxxxxxx Said Xxxxxx; (d) Xxxxxxx Xxxxxxx Xxxxxxxxxx, Xxxxxx Xxxxxxx Xxxxxx and Xxxxxxxx Xxxxxxx Xxxxxx; and (e) Xxxxxxxx Xxxxx Xxxxxxxx, Xxxxx Xxxxxxx Xxxxxxxx Claro, Xxxxxxx Xxxxxxxx Xxxxx, Xxxxx Xxxxxxxx Xxxxxxxx Claro and Xxxxx de la Xxx Xxxxxxxx Xxxxxxx.
W I T N E S S E T H:
WHEREAS, on June 25, 2012, an Amended and Restated Shareholders’ Agreement related to Andina was entered into (the “Amended SHA”, as amended as of August 31, 2012, August 18, 2014 and June 20, 2016) among Andina, CCDC, Coca-Cola Interamerican Corporation (which on December 26, 2012, transferred all of its shares of Andina to CCDC), SPBR, Freire One (which was subject to a corporate restructuring whereby Freire Alfa, Freire Beta, Inversiones Freire Gamma S.A. and Freire Delta were spun-off and certain shares of Andina were allocated among those companies, which in turn on or about October 1, 2012, agreed to become bound by the terms and provisions of the Amended SHA); Freire Two (which was subject to a corporate restructuring whereby Freire Two Alfa, Freire Two Beta, Inversiones Freire Dos Gamma S.A. and Freire Two Delta were spun-off and certain shares of Andina were allocated among those companies, which in turn on or about October 1st, 2012, agreed to become bound by the terms and provisions of the Amended SHA; and later, Freire Alfa and Freire Two Alfa merged into XX Xxxx, Xxxxxx Beta. and Freire Two Beta merged into Cabildo, Inversiones Freire Gamma S.A. was transformed and renamed as Inversiones El Olivillo Limitada (“El Olivillo”), Inversiones Freire Dos Gamma S.A. was transformed and renamed as Inversiones Alerce Limitada (“Alerce”), Freire Delta merged with Nueva Delta, and Freire Two Delta merged into Nueva Delta Dos, and all of these new companies in turn on or about August 18, 2014, agreed to become bound by the terms and provisions of the Amended SHA; and later El Olivillo and Alerce were merged into Chucao and on or about June 20, 2016, Chucao agreed to become bound by the terms and provisions of the Amended SHA), Los Aromos (which was subject to a corporate restructuring whereby Las Gaviotas, today Playa Amarilla, Playa Negra, Campanario, Las Niñas, Xxx Xxxxxxx and Los Xxxxxx were spun-off and all of the shares of Andina were allocated among those companies, which in turn on or about September 9, 2013, agreed to become bound by the terms and provisions of the Amended SHA), and the Majority Shareholders Partners.
WHEREAS, Chucao dissolved due to the reunion of all of its equity rights in Lleuque, and as a result, Lleuque now owns a total of 50,001,644 Series A Stock, comprised of the same Series A Stock held by Chucao.
NOW, THEREFORE, the parties hereto, intending to be legally bound, agree to amend the Amended SHA, in order to include Lleuque, as successor of Chucao, as party to the Amended SHA, as follows:
1.Representations and warranties.
Xxxxxx Xxxxxxx Xxxxxx and Xxxxxxxx Xxxxxxx Xxxxxx represent and warrant (i) to be the exclusive and sole beneficial owners of Lleuque, and (ii) that Lleuque is the legal successor of Chucao, owning a total of 50,001,644 Series A Stock previously held by Chucao.
2.Undertakings.
Lleuque agrees to be bound by the terms and provisions of the Amended SHA and shall be deemed to be the successor of Chucao under the Amended SHA, and that their corresponding Transferred Shares shall remain subject to the provisions of the Amended SHA.
3.Amendments to the Amended SHA. In consideration of the representation of warranties made by the beneficial owners of Lleuque and the undertakings of Section 2 above, the parties hereto agree the following:
Lleuque has become a member of the Freire Group under the Amended SHA, as defined therein. Therefore, as of this date the Freire Group shall be formed by the following members: (i) Freire One, (ii) Freire Two, (iii) XX Xxxx, (iv) Cabildo, (v) Nueva Delta, (vi) Nueva Delta Dos, and (vii) Lleuque.
4.Consent to Jurisdiction. For the avoidance of doubt, each of the parties hereby irrevocable consents and agrees that any Legal Dispute may be brought to the non-exclusive jurisdiction of the United States District Court for the Southern District of New York, New York, United States of America or, in the event (but only in the event) such court does not have subject matter jurisdiction over such action, suit or proceeding, in the courts of the State of New York sitting in the City of New York, New York, United States of America.
5.Definitions. Any capitalized terms used in this Amendment but not defined herein shall have the meanings provided for in the Amended SHA.
6.Counterparts. This Amendment may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original and all of which shall constitute one and the same instrument.
7.Except as expressly amended hereby, none of the rights or obligations of the parties pursuant to the Amended SHA, neither the remaining clauses of the Amended SHA shall be amended, modified, waived, terminated or otherwise affected in any manner whatsoever.
[Remainder of page left blank. Signature pages follow]
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the day first above written.
EMBOTELLADORA ANDINA S.A.
By: /s/ Xxxxx Xxxxx Xxxxxxxxx /s/ Xxxxxx Xxxxxx Xxxxxxx
Name: Xxxxx Xxxxx Xxxxxxxxx Xxxxxx Xxxxxx Xxxxxxx
Title: General Legal Counsel Chief Financial Officer
THE COCA–COLA COMPANY
By: /s/ Xxxxxxxxxxx X. Xxxxx
Name: Xxxxxxxxxxx X. Xxxxx
Title: Vice President & Treasurer
SERVICIOS Y PRODUCTOS PARA BEBIDAS REFRESCANTES SRL
By: /s/ Xxxxxxxx Xxxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxxxxx Xxxxxx
Title: Attorney-in-fact
COCA-COLA DE CHILE S.A.
By: /s/ Xxxx Xxxxx Xxxx
Name: Xxxx Xxxxx Xxxx
Title: General Manager
INVERSIONES XXXXXX X.X.
By: /s/ Xxxx Xxxxxxx Xxxxxx Xxxxx (Senior) /s/ Xxxx Xxxxxxx Xxxxxxxx Xxxxxx
Name: Xxxx Xxxxxxx Xxxxxx Xxxxx (Senior) Xxxx Xxxxxxx Xxxxxxxx Xxxxxx
Title: Officers
INVERSIONES FREIRE DOS S.A.
By: /s/ Xxxx Xxxxxxx Xxxxxx Xxxxx (Senior) /s/ Xxxx Xxxxxxx Xxxxxxxx Xxxxxx
Name: Xxxx Xxxxxxx Xxxxxx Xxxxx (Senior) Xxxx Xxxxxxx Xxxxxxxx Xxxxxx
Title: Officers
INVERSIONES XX XXXX LIMITADA
By: /s/ Xxxxxx Xxxxxx Xxxxxx /s/ Xxxxxxx Said Xxxxxx
Name: Xxxxxx Xxxxxx Xxxxxx and Xxxxxxx Said Xxxxxx
Title: [Not indicated]
_/s/ Xxxxxxx Said Handal___________
XXXXXXX SAID XXXXXX
_/s/ Xxxxx Said Handal_____________
XXXXX SAID XXXXXX
_/s/ Xxxxxx Said Handal_____________
XXXXXX SAID XXXXXX
_/s/ Xxxxxxx Said Handal___________
XXXXXXX SAID XXXXXX
_/s/ Xxxxxxx Said Handal____________
XXXXXXX SAID XXXXXX
_/s/ Xxxxxxxx Said Handal____________
XXXXXXXX SAID XXXXXX
INVERSIONES CABILDO SpA
By: /s/ Xxxxxxx Xxxxx Xxxxx /s/ Salvador Said Somavía
Name: Xxxxxxx Xxxxx Xxxxxxxx Said Somavía
Title: Officers
_/s/ Xxxx Said Saffie_______________
XXXX SAID XXXXXX
_/s/ Xxxxxx Xxxxxxxxx Xxxxxxx Dittborn_
XXXXXX XXXXXXXXX XXXXXXX DITTBORN
_/s/ Salvador Said Somavía__________
SALVADOR SAID SOMAVÍA
_/s/ Xxxxxx Said Somavía_____________
XXXXXX SAID SOMAVÍA
_/s/ Constanza Said Somavía__________
CONSTANZA SAID SOMAVÍA
_/s/ Loreto Said Somavía_____________
LORETO SAID SOMAVÍA
INVERSIONES LLEUQUE LIMITADA
By: /s/ Xxxxxx Xxxxxxxxx Olivos
Name: Xxxxxx Xxxxxxxxx Olivos
Title: Attorney
_/s/ Xxxxxxx Xxxxxxx Fuenzalida______
p.p. XXXXXXX XXXXXXX XXXXXXXXXX
_/s/ Xxxxxx Xxxxxxx Berger___________
XXXXXX XXXXXXX XXXXXX
_/s/ Xxxxxxxx Xxxxxxx Berger_________
XXXXXXXX XXXXXXX XXXXXX
INVERSIONES NUEVA DELTA S.A.
By: /s/ Xxxx Xxxxxxx Xxxxxx Xxxxx /s/ Xxxx Xxxxxxx Xxxxxx Xxxxx (Senior)
Name: Xxxx Xxxxxxx Xxxxxx Xxxxx Xxxx Xxxxxxx Xxxxxx Xxxxx (Senior)
Title: Officers
INVERSIONES NUEVA DELTA DOS S.A.
By: /s/ Xxxx Xxxxxxx Xxxxxx Xxxxx /s/ Xxxx Xxxxxxx Xxxxxx Xxxxx (Senior)
Name: Xxxx Xxxxxxx Xxxxxx Xxxxx Xxxx Xxxxxxx Xxxxxx Xxxxx (Senior)
Title: Officers
_/s/ Xxxx Xxxxxxx Xxxxxx Xxxxx (Senior)_
XXXX XXXXXXX XXXXXX XXXXX (SENIOR)
_/s/ Xxxxx Xxxxxx Xxxxx Silva__________
XXXXX XXXXXX XXXXX XXXXX
_/s/ Xxxxx Xxxxxx Xxxxx Silva__________
XXXXX XXXXXX XXXXXX XXXXX
_/s/ Xxxxx Xxx Xxxxxx Silva____________
XXXXX XXX XXXXXX XXXXX
_/s/ Xxxx Xxxxxxx Xxxxxx Xxxxx (Junior)___
XXXX XXXXXXX XXXXXX XXXXX (JUNIOR)
_/s/ Xxxxxx Xxxxxxx Xxxxxx Silva_________
XXXXXX XXXXXXX XXXXXX XXXXX
_/s/ Xxxxxx Xxxxxx Xxxxxx Silva_________
XXXXXX XXXXXX XXXXXX XXXXX
INVERSIONES LOS AROMOS LIMITADA
By: /s/ Xxxxxxxxx Xxxxxxx Xxxxxxx
Name: Xxxxxxxxx Xxxxxxx Xxxxxxx
Title: Attorney
INVERSIONES PLAYA AMARILLA SpA
By: /s/ Xxxxxxxxx Xxxxxxx Xxxxxxx
Name: Xxxxxxxxx Xxxxxxx Xxxxxxx
Title: Attorney
INVERSIONES PLAYA NEGRA SpA
By: /s/ Xxxxxxxxx Xxxxxxx Xxxxxxx
Name: Xxxxxxxxx Xxxxxxx Xxxxxxx
Title: Attorney
INVERSIONES EL CAMPANARIO LIMITADA
By: /s/ Xxxxxxxxx Xxxxxxx Xxxxxxx
Name: Xxxxxxxxx Xxxxxxx Xxxxxxx
Title: Attorney
INVERSIONES LAS NIÑAS DOS SpA
By: /s/ Xxxxxxxxx Xxxxxxx Xxxxxxx
Name: Xxxxxxxxx Xxxxxxx Xxxxxxx
Title: Attorney
INVERSIONES XXX XXXXXXX LIMITADA
By: /s/ Xxxxxxxxx Xxxxxxx Xxxxxxx
Name: Xxxxxxxxx Xxxxxxx Xxxxxxx
Title: Attorney
INVERSIONES LOS XXXXXX LIMITADA
By: /s/ Xxxxxxxxx Xxxxxxx Xxxxxxx
Name: Xxxxxxxxx Xxxxxxx Xxxxxxx
Title: Attorney
_/s/ Xxxxxxxx Xxxxx Marchant_________
XXXXXXXX XXXXX XXXXXXXX
_/s/s Xxxxx Xxxxxxx Xxxxxxxx Claro__
XXXXX XXXXXXX XXXXXXXX CLARO
_/s/ Xxxxxxx Xxxxxxxx Claro________
XXXXXXX XXXXXXXX CLARO
_/s/ Xxxxx Xxxxxxxx Xxxxxxxx Claro___
XXXXX XXXXXXXX XXXXXXXX CLARO
_/s/ Xxxxx de la Xxx Xxxxxxxx Hurtado_
XXXXX DE LA XXX XXXXXXXX XXXXXXX
