Exhibit 10.3

AMENDMENT NO. 2 TO ACQUISITION AND REFINANCING

BRIDGE CREDIT AGREEMENT

AMENDMENT NO. 2, dated as of January 29, 2010 (this “Amendment”), among Kraft
Foods Inc., a Virginia corporation (“Kraft”), Citibank, N.A. (“Citi”), as Paying
Agent (the “Paying Agent”) and the Lenders set forth on the signature pages
hereto to the Acquisition and Refinancing Bridge Credit Agreement dated as of
November 9, 2009 (as amended, modified or supplemented from time to time, the
“Credit Agreement”) among Kraft, the Lenders from time to time party thereto,
Citi and Deutsche Bank AG Cayman Islands Branch (“DB”), as co-administrative
agents, the Paying Agent; HSBC Securities (USA) Inc., as syndication agent and
DB, as documentation agent. Capitalized terms used herein but not otherwise
defined shall have the meanings assigned to such terms in the Credit Agreement.

WHEREAS, pursuant to Section 9.01 thereof, Kraft has requested that the Required
Lenders agree to amend certain provisions of the Credit Agreement as provided
for herein; and

WHEREAS, subject to the conditions set forth herein, the Required Lenders are
willing to agree to such amendment relating to the Credit Agreement.

NOW, THEREFORE, in consideration of the premises and covenants contained herein
and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto, intending to be legally bound
hereby, agree as follows:

Section 1.    Amendments.

(a) The definition of “Interest Period” in Section 1.01 is amended by deleting
the phrase “the duration of each such Interest Period shall be one, two, three
or six months, or, if agreed by all Lenders, nine or twelve months” appearing in
the second sentence in such definition and replacing it with “the duration of
each such Interest Period shall be seven days, one month, two months, three
months or six months, or, if agreed by all Lenders, nine or twelve months (it
being understood that the Borrower may not elect to have more than five Advances
having an Interest Period of seven days outstanding at any time)”;

(b) Section 2.02(a) is amended by deleting the phrase “11:00 a.m. (London time)
on the third Business Day” in sub-clause (x) of the first sentence in such
section and replacing it with “9:30 a.m. (New York City time) on the second
Business Day”;

(c) Section 2.09(a) is amended by deleting the phrase “upon at least three
Business Day’s notice” appearing in such section and replacing it with “upon at
least two Business Day’s notice”; and

 

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(d) Section 2.10(a) is amended by deleting the phrase “upon at least five
Business Days’ notice to the Administrative Agent” appearing in such section and
replacing it with “upon at least two Business Days’ notice to the Administrative
Agent not later than 9:30 a.m. (New York City time) on the second business day
prior to the date of the proposed prepayment.”

Section 2.    Representations and Warranties. Kraft hereby represents and
warrants to the Paying Agent and the Lenders as of the date hereof that:

(a) The execution, delivery and performance of this Amendment have been duly
authorized by all necessary corporate action by Kraft and do not contravene
(i) the charter or by-laws of Kraft or (ii) in any material respect, any law,
rule, regulation or order of any court or governmental agency or any contractual
restriction binding on or affecting Kraft; and

(b) After giving effect to this Amendment, the representations and warranties
set forth in the Credit Agreement are true and correct in all material respects
on and as of the date hereof, except to the extent that such representations and
warranties specifically refer to an earlier date, in which case they shall be
true and correct in all material respects as of such earlier date.

Section 3.    Conditions to Effectiveness. This Amendment shall become effective
on the date on which each of the following conditions is satisfied or waived:

(a) The Paying Agent shall have executed this Amendment and the Paying Agent (or
their counsel) shall have received an executed counterpart of this Amendment
from Kraft and the Required Lenders; and

(b) The Paying Agent shall have received for the account of each Lender a
certificate signed by a duly authorized officer of Kraft, dated the date hereof,
stating that: (i) the representations and warranties contained in Section 4.01
of the Credit Agreement are correct on and as of the date hereof, and (ii) no
event has occurred and is continuing on and as of the date hereof that
constitutes a Default or Event of Default.

Section 4.    Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto on separate counterparts, each of
which when so executed and delivered shall be deemed to be an original, but all
of which when taken together shall constitute a single instrument. Delivery of
an executed counterpart of a signature page of this Amendment by facsimile
transmission or email shall be effective as delivery of a manually executed
counterpart hereof.

Section 5.    Applicable Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE SUBSTANTIVE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CHOICE OF LAW DOCTRINES.

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Section 6.    Headings. The headings of this Amendment are for purposes of
reference only and shall not limit or otherwise affect the meaning hereof.

Section 7.    Effect of Amendment. Except as expressly set forth herein, this
Amendment shall not by implication or otherwise limit, impair, constitute a
waiver of or otherwise affect the rights and remedies of the Lenders or the
Agents under the Credit Agreement or any other documents related thereto, and,
save as expressly set forth herein, shall not alter, modify, amend or in any way
affect any of the terms, conditions, obligations, covenants or agreements
contained in the Credit Agreement or any other provision of the Credit Agreement
or any document related thereto, all of which are ratified and affirmed in all
respects and shall continue in full force and effect.

[SIGNATURE PAGES FOLLOW]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first above written.

 

KRAFT FOODS INC. By:   /s/ Barbara Brasier  

Name: Barbara Brasier

Title:   Senior Vice President and Treasurer

 

CITIBANK, N.A.,

as Paying Agent and as a Lender

By:   /s/ Carolyn Kee  

Name: Carolyn Kee

Title:   Vice President

 

DEUTSCHE BANK AG CAYMAN ISLANDS BRANCH, as a Lender

By:   /s/ Frederick W. Laird  

Name: Frederick W. Laird

Title:   Managing Director

 

By:   /s/ Ming K. Chu  

Name: Ming K. Chu

Title:   Vice President

 

DEUTSCHE BANK AG LONDON BRANCH,

as a Lender

By:   /s/ T. Hallaways  

Name: T. Hallaways

Title:   Vice President

 

By:   /s/ M. Naulls  

Name: M. Naulls

Title:   A. Vice President

 

Amendment No. 2 to Acquisition and Refinancing Bridge Credit Agreement

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HSBC BANK USA, NATIONAL ASSOCIATION,

as a Lender

By:   /s/ Robert J. Devir  

Name: Robert J. Devir

Title:   Managing Director

 

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

as a Lender

By:   /s/ Karl Studer  

Name: Karl Studer

Title:   Director

By:   /s/ Jay Cahll  

Name: Jay Cahll

Title:   Director

 

THE ROYAL BANK OF SCOTLAND PLC,

as a Lender

By:   /s/ Tracy Rahn  

Name: Tracy Rahn

Title:   Vice President

 

Amendment No. 2 to Acquisition and Refinancing Bridge Credit Agreement

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CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

as a Lender

By:   /s/ Karl Studer  

Name: Karl Studer

Title:   Director

 

BANCO BILBAO VIZCAYA ARGENTARIA, S.A.,

as a Lender

By:   /s/ Peter Tommaney  

Name: Peter Tommaney

Title:   Senior Vice President

By:   /s/ Micheal D’anna  

Name: MICHEAL D’ANNA

Title:   Director

 

BNP PARIBAS,

as a Lender

By:   /s/ Renaud-Franick Falce  

Name: Renaud-Franick Falce

Title:   Managing Director

By:   /s/ Scott Tricarico  

Name: Scott Tricarico

Title:   Vice President

 

Amendment No. 2 to Acquisition and Refinancing Bridge Credit Agreement

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SOCIETE GENERALE,

as a Lender

By:   /s/ Anne Chassereau  

Name: Anne Chassereau

Title:   Managing Director

 

BARCLAYS BANK PLC.,

as a Lender

By:   /s/ David Barton  

Name: David Barton

Title:   Director

 

BANCO SANTANDER S.A., NEW YORK BRANCH

as a Lender

By:   /s/ Ignacio Campillo  

Name: Ignacio Campillo

Title:   Managing Director

By:   /s/ Ramon E. Colon Navarro  

Name: Ramon E. Colon Navarro

Title:   Vice President

 

INTESA SANPAOLO S.P.A.,

as a Lender

By:   /s/ Francesco Di Mario  

Name: Francesco Di Mario

Title:   FVP, Credit Manager

By:   /s/ John J. Michalisin  

Name: John J. Michalisin

Title:   First Vice President

 

Amendment No. 2 to Acquisition and Refinancing Bridge Credit Agreement

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MIAZUHO CORPORATE BANK, LTD.,

as a Lender

By:   /s/ Toru Inove  

Name: Toru Inove

Title:   Deputy General Manager

 

DNB NOR BANK ASA,

as a Lender

By:   /s/ Philip F. Kurpiewski  

Name: Philip F. Kurpiewski

Title:   Senior Vice President

By:   /s/ Thomas Tangen  

Name: Thomas Tangen

Title:   Senior Vice President

 

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,

as a Lender

By:   /s/ Victor Pierzchalski  

Name: Victor Pierzchalski

Title:   Authorized Signatory

 

THE BANK OF NOVA SCOTIA,

as a Lender

By:   /s/ Paula Czach  

Name: Paula Czach

Title:   Director and Execution Head

 

Amendment No. 2 to Acquisition and Refinancing Bridge Credit Agreement

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CALYON NEW YORK BRANCH,

as a Lender

By:   /s/ David Cagle  

Name: David Cagle

Title:   Managing Director

By:   /s/ Bryan Myers  

Name: Bryan Myers

Title:   Senior Vice President

 

ING BANK N.V., DUBLIN BRANCH,

as a Lender

By:   /s/ Padraig Matthews  

Name: Padraig Matthews

Title:   Vice President

By:   /s/ Sean Hassett  

Name: Sean Hassett

Title:   Director

 

Amendment No. 2 to Acquisition and Refinancing Bridge Credit Agreement