May 4, 2015 The Coca-Cola Company
Exhibit 2.3
EXECUTION VERSION
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May 4, 2015 |
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The Coca-Cola Company |
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Xxx Xxxx-Xxxx Xxxxx |
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Xxxxxxx, Xxxxxxx 00000 |
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Monster Beverage Corporation |
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0 Xxxxxxx Xxx |
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Xxxxxx, Xxxxxxxxxx 00000 |
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Attention: Xxxxxx X. Xxxxx |
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Ladies and Gentlemen:
Reference is hereby made to (i) the Transaction Agreement, dated August 14, 2014, by and among Monster Beverage Corporation (the “Company”), New Laser Corporation (“NewCo”), New Laser Merger Corp. (“Merger Sub”), The Coca-Cola Company (“Parent”) and European Refreshments (“Purchaser”) (as amended from time to time, the “Transaction Agreement”) and (ii) the Asset Transfer Agreement, dated August 14, 2014, by and among the Company, NewCo and Parent (as amended from time to time, the “Asset Transfer Agreement”). Capitalized terms used but not otherwise defined herein shall have the respective meanings assigned to such terms in the Transaction Agreement or the Asset Transfer Agreement, as applicable.
The undersigned parties, intending to be legally bound hereby, hereby agree, in accordance with Section 12.4 of the Transaction Agreement and Section 11.4 of the Asset Transfer Agreement, that the Outside Date under each of the Transaction Agreement and the Asset Transfer Agreement is hereby amended to be June 30, 2015.
Except as expressly modified by this letter agreement, all terms of the Transaction Agreement and the Asset Transfer Agreement shall remain in full force and effect. This letter agreement may be executed in counterparts, which together shall be considered one and the same agreement. If you are in agreement with the foregoing, please sign and return a copy of this letter agreement.
[Signature Page Follows]
IN WITNESS WHEREOF, the parties hereto have caused this letter agreement to be duly executed and delivered by their respective authorized signatories as of the date first indicated above.
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MONSTER BEVERAGE CORPORATION | |
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By: |
/s/ Hilton X. Xxxxxxxxxx |
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Name: Hilton X. Xxxxxxxxxx |
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Title: President |
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NEW LASER CORPORATION | |
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By: |
/s/ Hilton X. Xxxxxxxxxx |
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Name: Hilton X. Xxxxxxxxxx |
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Title: President |
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THE COCA-COLA COMPANY | |
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By: |
/s/ Xxxxx X. Xxxxxxxx-Xxxxxxx |
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Name: Xxxxx X. Xxxxxxxx-Xxxxxxx |
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Title: Vice President and Director of Mergers & Acquisitions |
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EUROPEAN REFRESHMENTS | |
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By: |
/s/ Xxxxxx Xxxxxx |
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Name: Xxxxxx Xxxxxx |
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Title: Director |
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By: |
/s/ Xxxx Xxxxxxx |
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Name: Xxxx Xxxxxxx |
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Title: Director |
[Signature Page to Extension Letter]
