Exhibit 4.3

SEVENTH SUPPLEMENTAL INDENTURE

DATED AS OF AUGUST 31, 2020

To

INDENTURE

dated as of July 7, 2016

among

MOLSON COORS BEVERAGE COMPANY, as Issuer

THE GUARANTORS NAMED THEREIN, as Guarantors

and

DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee

    THIS SEVENTH SUPPLEMENTAL INDENTURE, dated as of August 31, 2020 (this “Seventh Supplemental Indenture”), to the Indenture dated as of July 7, 2016 (the “Original Indenture”), as supplemented by the First Supplemental Indenture thereto dated as of July 7, 2016, the Second Supplemental Indenture thereto dated as of July 7, 2016, the Third Supplemental Indenture thereto dated as of August 19, 2016, the Fourth Supplemental Indenture thereto dated as of September 30, 2016, the Fifth Supplemental Indenture thereto dated as of October 11, 2016, and the Sixth Supplemental Indenture thereto dated as of January 11, 2018 (collectively, the “Supplemental Indentures” and, together with the Original Indenture and this Seventh Supplemental Indenture, the “Indenture”), is among Molson Coors Beverage Company, a Delaware corporation (formerly known as Molson Coors Brewing Company, the “Company”), Coors Distributing Company LLC, a Delaware limited liability company (the “New Guarantor”), and Deutsche Bank Trust Company Americas, a New York banking corporation, as Trustee (the “Trustee”).

    WHEREAS, Section 14.1(k) of the Original Indenture provides that the Company, the Guarantors (as defined in the Original Indenture) and the Trustee may amend or supplement the Indenture without notice to or consent of any Securityholder to add guarantors with respect to any series of Securities, including any Guarantors;

    WHEREAS, the Company desires to add the New Guarantor as a Guarantor under the Indenture;

    NOW, THEREFORE, THIS SEVENTH SUPPLEMENTAL INDENTURE WITNESSETH:

    That the parties hereto hereby agree as follows:

Section 1.    Defined Terms; Rules of Interpretation. Capitalized terms used herein and not otherwise defined herein shall have the respective meanings ascribed thereto in the Indenture. The rules of interpretation set forth in the Indenture shall be applied hereto as if set forth in full herein.

Section 2.    Addition of Guarantor. The New Guarantor hereby agrees to guarantee payment of the Securities as a Guarantor, on the same terms and conditions as those set forth in Article XVI of the Original Indenture.

Section 3.    Ratification of Original Indenture: Supplemental Indentures Part of Original Indenture. Except as expressly amended or supplemented hereby, the Original Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Seventh Supplemental Indenture shall form a part of the Original Indenture for all purposes, and every Holder of any Securities heretofore or hereafter authenticated and delivered pursuant thereto shall be bound hereby. Except only insofar as the Original Indenture may be inconsistent with the express provisions of this Seventh Supplemental Indenture, in which case the terms of this Seventh Supplemental Indenture shall govern and supersede those contained in the Original Indenture, this Seventh Supplemental Indenture shall henceforth have effect so far as practicable as if all the provisions of the Original Indenture were contained in one instrument.

Section 4.    Counterparts. This Seventh Supplemental Indenture may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original, but all such counterparts shall together constitute one and the same instrument.

Section 5.    Governing Law. This Seventh Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York but without giving effect to applicable principles of conflicts of law to the extent that the application of the laws of another jurisdiction would be required thereby.

Section 6.    Concerning the Trustee. In carrying out the Trustee’s responsibilities hereunder, the Trustee shall have all of the rights, protections, and immunities which the Trustee possesses under the Indenture. The recitals contained herein shall be taken as the statements of the Company, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Seventh Supplemental Indenture.

[Signature Page Follows]

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    IN WITNESS WHEREOF, the parties have caused this Seventh Supplemental Indenture to be duly executed by their respective officers thereunto duly authorized as of the date first above written.

                MOLSON COORS BEVERAGE COMPANY

                By: /s/ Gavin D.K. Hattersley            

                Name: Gavin D.K. Hattersley

                Title: President and Chief Executive Officer

GUARANTOR:

                COORS DISTRIBUTING COMPANY LLC

                By: /s/ Gavin D.K. Hattersley            

                Name: Gavin D.K. Hattersley

                Title: Chief Executive Officer

[Signature Page to Seventh Supplemental Indenture]

Exhibit 4.3

                DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee

                By: /s/ Irina Golovashchuk            

                Name: Irina Golovashchuk

                Title: Vice President

                By: /s/ Debra A.Schwalb            

                Name: Debra A.Schwalb

                Title: Vice President