Document:

<PAGE>

                                                                     EXHIBIT 4.2

                            [FORM OF DEBT SECURITIES]

                         [INSERT ANY LEGEND REQUIRED BY
                 UNITED STATES FEDERAL TAX LAW AND REGULATIONS.]

REGISTERED
No.

                                KRAFT FOODS INC.

                                __% NOTE DUE __               PRINCIPAL AMOUNT
                                                              $
                                                              CUSIP NO.
                                                              ISIN NO.

[If a Global Note: THIS NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE
INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY
OR A NOMINEE THEREOF. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR
NOTES IN CERTIFICATED FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE
BY THE DEPOSITORY TRUST COMPANY (THE "DEPOSITARY") TO A NOMINEE OF THE
DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR
A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS NOTE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY TO THE COMPANY OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED
IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY
OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE &
CO., HAS AN INTEREST HEREIN.]

KRAFT FOODS INC., a Virginia corporation (hereinafter called the "Company",
which term includes any successor corporation under the Indenture hereinafter
referred to), for value received, hereby promises to pay to [Cede & Co.] or
registered assigns, the principal sum of [DOLLARS] [FOREIGN CURRENCY OR CURRENCY
UNIT] on _______ [IF THE NOTE IS TO BEAR INTEREST PRIOR TO MATURITY, AND
INTEREST PAYMENTS ARE NOT EXTENDABLE, INSERT -, and to pay interest thereon from
__________ or from the most recent Interest Payment Date to which interest has
been paid or duly provided for, [INSERT -- SEMI-ANNUALLY, QUARTERLY, MONTHLY OR
OTHER

<PAGE>

DESCRIPTION OF THE RELEVANT PAYMENT PERIOD] on _____________ and _________ in
each year, commencing ______________, at the rate of _______% per annum until
the principal hereof is paid or made available for payment [IF APPLICABLE,
INSERT --, provided that any principal and premium, and any such installment of
interest, which is overdue shall bear interest at the rate of _______% per annum
(to the extent that the payment of such interest shall be legally enforceable),
from the dates such amounts are due until they are paid or made available for
payment, and such interest shall be payable on demand].

                  The interest so payable, and punctually paid or duly provided
for, on any Interest Payment Date will, as provided in the Indenture, be paid to
the Person in whose name this Note (or one or more Predecessor Securities) is
registered at the close of business on the Regular Record Date for such
interest, which shall be _________ or _________(whether or not a Business Day),
as the case may be, next preceding such Interest Payment Date. Any such interest
not so punctually paid or duly provided for shall forthwith cease to be payable
to the Holder on such Regular Record Date and may be paid to the Person in whose
name this Note (or one or more Predecessor Securities) is registered at the
close of business on a Special Record Date for the payment of such Defaulted
Interest to be fixed by the Trustee for the Notes, notice whereof shall be given
to Holders of Notes not less than 10 days prior to such Special Record Date, or
may be paid at any time in any other lawful manner not inconsistent with the
requirements of any securities exchange on which the Notes may be listed, and
upon such notice as may be required by such exchange, all as more fully provided
in said Indenture.

                  [IF THE NOTE IS NOT TO BEAR INTEREST PRIOR TO MATURITY, INSERT
--The principal of this Note shall not bear interest except in the case of a
default in payment of principal upon acceleration, upon redemption or at Stated
Maturity and in such case the overdue principal of this Note shall bear interest
at the rate of ________% per annum (to the extent that the payment of such
interest shall be legally enforceable), from the dates such amounts are due
until they are paid or made available for payment. Interest on any overdue
principal or premium shall be payable on demand. Any such interest on any
overdue principal or premium which is not so paid on demand shall bear interest
at the rate of _____% per annum (to the extent that the payment of such interest
shall be legally enforceable), from the date of such demand until the amount so
demanded is paid or made available for payment. Interest on any overdue
principal shall be payable on demand.]

                  Payment of the principal of and interest on this Note will be
made at the office or agency of the Company maintained for that purpose in the
Borough of Manhattan, The City of New York, in such coin or currency of [the
United States of America] [INSERT OTHER CURRENCY, IF APPLICABLE] as at the time
of payment is legal tender for payment of public and private debts; [IF
APPLICABLE, INSERT -- provided, however, that at the option of the Company
payment of interest may be made by check mailed to the address of the Person
entitled thereto as such address shall appear on the Securities Register or by
wire transfer at such place and to such account at a banking institution in the
United States as may be designated in writing to the Trustee at least 15 days
prior to the date for payment by the person entitled thereto].[IF A GLOBAL NOTE,
INSERT -- All payments of principal, premium, if any, and interest in respect of
this Note will be made by the Company in immediately available funds.]

<PAGE>

                  Additional provisions of this Note are contained on the
reverse hereof, and such provisions shall have the same effect as though fully
set forth in this place.

                  Unless the certificate of authentication hereon has been
executed by or on behalf of the Trustee for the Notes by manual signature, this
Note shall not be entitled to any benefit under the Indenture, or be valid or
obligatory for any purpose.

                  IN WITNESS WHEREOF, KRAFT FOODS INC. has caused this
instrument to be duly executed under its corporate seal.

Dated:

                                      KRAFT FOODS INC.

                                      By: __________________________
                                             Name:
                                             Title:
[SEAL]

                                      Attest:

                                      By:___________________________
                                            Name:
                                            Title:

                          CERTIFICATE OF AUTHENTICATION

                  This is one of the Securities of the series designated therein
described in the within-mentioned Indenture.

                                      THE CHASE MANHATTAN BANK,
                                      as Trustee

                                      By: ___________________________
                                            Authorized Officer

<PAGE>

                                (Reverse of Note)

                                KRAFT FOODS INC.

                  This Note is one of a duly authorized issue of debentures,
notes or other evidences of indebtedness (hereinafter called the "Securities")
of the Company of the series hereinafter specified, which series is limited in
aggregate principal amount to $____________ (except as provided in the Indenture
hereinafter mentioned), all such Securities issued and to be issued under an
Indenture dated as of [ ], 2001 between the Company and The Chase Manhattan
Bank, as Trustee (herein called the "Indenture"), to which Indenture and all
other indentures supplemental thereto reference is hereby made for a statement
of the rights and limitations of rights thereunder of the Holders of the
Securities and of the rights, obligations, duties and immunities of the Trustee
for each series of Securities and of the Company, and the terms upon which the
Securities are and are to be authenticated and delivered. As provided in the
Indenture, the Securities may be issued in one or more series, which different
series may be issued in various aggregate principal amounts, may mature at
different times, may bear interest, if any, at different rates, may be subject
to different redemption provisions, if any, may be subject to different sinking,
purchase or analogous funds, if any, may be subject to different covenants and
Events of Default and may otherwise vary as in the Indenture provided or
permitted. This Note is one of a series of the Securities designated therein as
______% Notes due ____________ (the "Notes").

                  [The Notes are subject to redemption as a whole or in part at
any time on or after ____________, at the option of the Company, on not less
than 30 nor more than 60 days' prior notice given as provided in the Indenture,
at the redemption price of 100% of the principal amount thereof, together with
interest accrued and unpaid thereon to the date fixed for redemption.

                  In the event of the redemption of this Note in part only, a
new Note or Notes in the amount of the unredeemed portion hereof shall be issued
in the name of the Holder hereof upon the cancellation hereof.]

                  The Indenture contains provisions for defeasance at any time
of the entire principal of all the Securities of any series upon compliance by
the Company with certain conditions set forth therein.

                  If an Event of Default (other than an Event of Default
described in Section 501(4) or 501(5) of the Indenture) with respect to the
Notes shall occur and be continuing, then either the Trustee or the Holders of
not less than 25% in principal amount of the Notes of this series then
Outstanding may declare the entire principal amount of the Notes of this series
due and payable in the manner and with effect provided in the Indenture. If an
Event of Default specified in Section 501(4) or 501(5) occurs with respect to
the Company, all of the unpaid principal amount and accrued interest then
outstanding shall ipso facto become and be immediately due and payable in the
manner with the effect provided in the Indenture without any declaration or
other act by the Trustee or any Holder.

<PAGE>

                  The Indenture permits, with certain exceptions as therein
provided, the amendment thereof and the modification of the rights and
obligations of the Company and the rights of the Holders of the Securities under
the Indenture at any time by the Company with the consent of the Holders of more
than 50% in aggregate principal amount of the Securities at the time Outstanding
of each series issued under the Indenture to be affected thereby. The Indenture
also contains provisions permitting the Holders of specified percentages in
aggregate principal amount of the Securities of that series at the time
Outstanding, on behalf of the Holders of all the Securities of such series, to
waive compliance by the Company with certain provisions of the Indenture and
certain past defaults under the Indenture and their consequences with respect to
such series. Any such consent or waiver by the Holder of this Note shall be
conclusive and binding upon such Holder and upon all future Holders of this Note
and of any Note issued upon the transfer hereof or in exchange or in lieu hereof
whether or not notation of such consent or waiver is made upon this Note.

                  No reference herein to the Indenture and no provision of this
Note or of the Indenture shall alter or impair the obligation of the Company,
which is absolute and unconditional, to pay the principal of (and premium, if
any) and interest on this Note at the times, place and rate, and in the coin or
currency, herein and in the Indenture prescribed.

                  As provided in the Indenture and subject to certain
limitations therein set forth, this Note is transferable on the Security
Register of the Company, upon surrender of this Note for registration of
transfer at the office or agency of the Company to be maintained for that
purpose in the Borough of Manhattan, The City of New York, or at any other
office or agency of the Company maintained for that purpose, duly endorsed by,
or accompanied by a written instrument of transfer in form satisfactory to the
Company and the Security Registrar duly executed by the Holder hereof or his
attorney duly authorized in writing, and thereupon one or more new Notes, of
authorized denominations and for the same aggregate principal amount, will be
issued to the designated transferee or transferees.

                  The Notes are issuable only in registered form without coupons
in denominations of $1,000 and any multiple of $1,000. As provided in the
Indenture and subject to certain limitations therein set forth, Notes are
exchangeable for a like aggregate principal amount of Notes of a like tenor and
of a different authorized denomination, as requested by the Holder surrendering
the same.

                  No service charge shall be made for any such registration of
transfer or exchange, but the Company may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith.

                  The Company, the Trustee for the Notes and any agent of the
Company or such Trustee may treat the Person in whose name this Note is
registered as the owner hereof for the purpose of receiving payment as herein
provided and for all other purposes, whether or not this Note be overdue, and
neither the Company, such Trustee nor any such agent shall be affected by notice
to the contrary.

                  Certain of the Company's obligations under the Indenture with
respect to Notes, may be terminated if the Company irrevocably deposits with the
Trustee money or Government

<PAGE>

Obligations sufficient to pay and discharge the entire indebtedness on all
Notes, as provided in the Indenture.

                  This Note shall for all purposes be governed by, and construed
in accordance with, the laws of the State of New York.

                  Certain terms used in this Note which are defined in the
Indenture have the meanings set forth therein.

<PAGE>

                                 ASSIGNMENT FORM

  FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto

PLEASE INSERT SOCIAL SECURITY NUMBER OR
OTHER IDENTIFYING NUMBER OF ASSIGNEE

--------------------------------------------------------------------------------
(Name and address of Assignee, including zip code, must be printed or
typewritten)

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
the within Note, and all rights thereunder, hereby irrevocably, constituting and
appointing

--------------------------------------------------------------------------------

                                                                       attorney
----------------------------------------------------------------------
to transfer the said Note on the books of Kraft Foods Inc.
with full power of substitution in the premises.

Dated:
      --------------------        ---------------------------------------------
                                  NOTICE:  The signature to this assignment must
                                           correspond with the name as it
                                           appears upon the face of the within
                                           Note in every particular, without
                                           alteration or enlargement or any
                                           change whatever.<PAGE>

                                                                     EXHIBIT 4.3

                                KRAFT FOODS INC.

                                       and

                           __________________________,
                                as Warrant Agent

                        FORM OF DEBT WARRANT AGREEMENT*

                        Dated as of ______________, 20__

___________________________
       *    Options represented by bracketed or blank sections herein shall be
determined in conformity with the terms of the applicable prospectus supplement,
terms agreement or term sheet.

<PAGE>

<TABLE>
<CAPTION>
                                                 TABLE OF CONTENTS
                                                                                                               Page
                                                                                                               ----

                                                     ARTICLE I

<S>     <C>                                                                                                    <C>
                     ISSUANCE OF WARRANTS AND EXECUTION AND DELIVERY OF WARRANT CERTIFICATES

Section 1.01.     Issuance of Warrants .........................................................................1
Section 1.02.     Form and Execution of Warrant Certificates ...................................................1
Section 1.03.     Issuance and Delivery of Warrant Certificates ................................................2
Section 1.04.     Temporary Warrant Certificates ...............................................................2
Section 1.05.     Payment of Taxes .............................................................................3
Section 1.06.     Definition of Holder .........................................................................3

                                                    ARTICLE II

                                 WARRANT PRICE, DURATION AND EXERCISE OF WARRANTS

Section 2.01.     Warrant Price ................................................................................3
Section 2.02.     Duration of Warrants .........................................................................4
Section 2.03.     Exercise of Warrants .........................................................................4

                                                    ARTICLE III

                      OTHER PROVISIONS RELATING TO RIGHTS OF HOLDERS OF WARRANT CERTIFICATES

Section 3.01.     No Rights as Holder of Warrant Securities Conferred by Warrants or Warrant Certificates ......5
Section 3.02.     Lost, Stolen, Destroyed or Mutilated Warrant Certificates ....................................5
Section 3.03.     Holder of Warrant Certificate May Enforce Rights .............................................6

                                                    ARTICLE IV

                                  EXCHANGE AND TRANSFER OF WARRANT CERTIFICATES

Section 4.01.     Warrant Register; Exchange and Transfer of Warrant Certificates ..............................6
Section 4.02.     Persons deemed Owners ........................................................................7
Section 4.03.     Cancellation of Warrant Certificates .........................................................7

                                                     ARTICLE V

                                           CONCERNING THE WARRANT AGENT

Section 5.01.     Warrant Agent ................................................................................7

                                                         i
</TABLE>

<PAGE>

<TABLE>
                                                                                                             Page
                                                                                                             ----
<S>     <C>                                                                                                    <C>
Section 5.02.     Conditions of Warrant Agent's Obligations ....................................................8
Section 5.03.     Resignation and Appointment of Successor .....................................................9
Section 5.04.     Compliance With Applicable Laws .............................................................10
Section 5.05.     Office ......................................................................................10

                                                    ARTICLE VI

                                                   MISCELLANEOUS

Section 6.01.     Amendment ...................................................................................11
Section 6.02.     Notices and Demands to the Company and Warrant Agent ........................................11
Section 6.03.     Addresses ...................................................................................11
Section 6.04.     Applicable Law ..............................................................................11
Section 6.05.     Delivery of Prospectus ......................................................................11
Section 6.06.     Government Approvals ........................................................................11
Section 6.07.     Persons Having Rights under Warrant Agreement ...............................................12
Section 6.08.     Headings ....................................................................................12
Section 6.09.     Counterparts ................................................................................12
Section 6.10.     Inspection of Agreement .....................................................................12

                                                        ii
</TABLE>

<PAGE>

     THIS WARRANT AGREEMENT, dated as of ____________, 20__, between Kraft Foods
Inc., a Virginia corporation (the "Company"), and _________________, a
__________________ organized and existing under the laws of _________, as
Warrant Agent (the "Warrant Agent").

     WHEREAS, the Company has entered into an Indenture, dated as of __________,
2001 (the "Indenture"), with The Chase Manhattan Bank, as trustee (the
"Trustee") providing for the issuance by the Company from time to time of its
unsecured debt securities (the "Securities"), to be issued in one or more series
as provided in the Indenture; and

     WHEREAS, the Company proposes to issue [If Offered Securities with Warrants
-- [TITLE OF DEBT SECURITIES BEING OFFERED] (the "Offered Securities") with]
warrant certificates (such warrant certificates and other warrant certificates
issued pursuant to this Agreement herein called the "Warrant Certificates")
evidencing one or more warrants (the "Warrants" or, individually, a "Warrant")
representing the right to purchase [TITLE OF DEBT SECURITIES PURCHASABLE THROUGH
EXERCISE OF WARRANTS] (the "Warrant Securities"); and

     WHEREAS, the Company desires the Warrant Agent to act on behalf of the
Company in connection with the issuance, exchange, exercise and replacement of
the Warrant Certificates, and in this Agreement wishes to set forth, among other
things, the form and provisions of the Warrant Certificates and the terms and
conditions on which they may be issued, exchanged, exercised and replaced.

     NOW THEREFORE, in consideration of the premises and of the mutual
agreements herein contained, the parties hereto agree as follows:

                                   ARTICLE I

                       ISSUANCE OF WARRANTS AND EXECUTION
                      AND DELIVERY OF WARRANT CERTIFICATES

     Section 1.01. Issuance of Warrants. [If Warrants alone -- Upon issuance,
each Warrant Certificate shall evidence one or more Warrants.] [If Offered
Securities with Warrants -- Warrant Certificates shall be [initially] issued in
units with the Offered Securities and shall [not] be separately transferable
[before ____________, 20__ (the "Detachable Date")]. Each Warrant Certificate
included in each such unit shall evidence an aggregate of _______ Warrants for
each [SPECIFY CURRENCY OR CURRENCY UNIT] __________ principal amount of Offered
Securities included in such unit.] Each Warrant evidenced thereby shall
represent the right, subject to the provisions contained herein and therein, to
purchase Warrant Securities in the principal amount of [SPECIFY CURRENCY OR
CURRENCY UNIT] ______.

     Section 1.02. Form and Execution of Warrant Certificates. (a) Each Warrant
Certificate, whenever issued, shall be in registered form substantially in the
form set forth in Exhibit A hereto, shall be dated the date it is countersigned
by the Warrant Agent and may have such letters, numbers or other marks of
identification or designation and such legends or

<PAGE>

endorsements printed, lithographed or engraved thereon, as are not inconsistent
with the provisions of this Agreement, or as may be required to comply with any
law or with any rule or regulation made pursuant thereto or with any rule or
regulation of any stock exchange on which the Warrants may be listed, or to
conform to usage, as the officers of the Company executing the same may approve
(execution thereof to be conclusive evidence of such approval).

     (b) The Warrant Certificates shall be signed on behalf of the Company by a
Chief Executive Officer, its General Counsel or its Chief Financial Officer
under its corporate seal and attested by its Secretary or an Assistant
Secretary. Such signatures may be manual or facsimile signatures of such
authorized officers and may be imprinted or otherwise reproduced on the Warrant
Certificates. The seal of the Company may be in the form of a facsimile thereof
and may be impressed, affixed, imprinted or otherwise reproduced on the Warrant
Certificates.

     (c) No Warrant Certificate shall be valid for any purpose, and no Warrant
evidenced thereby shall be deemed issued or exercisable, until such Warrant
Certificate has been countersigned by the manual signature of the Warrant Agent.
Such signature by the Warrant Agent upon any Warrant Certificate executed by the
Company shall be conclusive evidence that the Warrant Certificate so
countersigned has been duly issued hereunder.

     (d) In case any officer of the Company who shall have signed any Warrant
Certificate either manually or by facsimile signature shall cease to be such
officer before the Warrant Certificate so signed shall have been countersigned
and delivered by the Warrant Agent, such Warrant Certificate may be
countersigned and delivered as though the person who signed such Warrant
Certificate had not ceased to be such officer of the Company; and any Warrant
Certificate may be signed on behalf of the Company by such person as, at the
actual date of the execution of such Warrant Certificate, shall be the proper
officer of the Company, although at the date of the execution of this Agreement
any such person was not such an officer.

     Section 1.03. Issuance and Delivery of Warrant Certificates. Warrant
Certificates evidencing the right to purchase an aggregate principal amount not
exceeding [SPECIFY CURRENCY OR CURRENCY UNIT] _____ aggregate principal amount
of Warrant Securities (except as provided in Sections 1.04, 2.03(d), 3.02 and
4.01) may be executed by the Company and delivered to the Warrant Agent upon the
execution of this Agreement or from time to time thereafter. The Warrant Agent
shall, upon receipt of Warrant Certificates duly executed on behalf of the
Company, countersign Warrant Certificates evidencing Warrants representing the
right to purchase up to [SPECIFY CURRENCY OR CURRENCY UNIT] _____ aggregate
principal amount of Warrant Securities and shall deliver such Warrant
Certificates to or upon the order of the Company. Subsequent to such original
issuance of the Warrant Certificates, the Warrant Agent shall countersign a
Warrant Certificate only if the Warrant Certificate is issued in exchange or
substitution for one or more previously countersigned Warrant Certificates or in
connection with their transfer as hereinafter provided or as provided in Section
2.03(d).

     Section 1.04. Temporary Warrant Certificates. Pending the preparation of
definitive Warrant Certificates, the Company may execute, and upon the order of
the Company the Warrant Agent shall authenticate and deliver, temporary Warrant
Certificates which are printed, lithographed, typewritten, mimeographed or
otherwise produced substantially of the

                                        2

<PAGE>

tenor of the definitive Warrant Certificates in lieu of which they are issued
and with such appropriate insertions, omissions, substitutions and other
variations as the officers executing such Warrant Certificates may determine, as
evidenced by their execution of such Warrant Certificates.

     If temporary Warrant Certificates are issued, the Company will cause
definitive Warrant Certificates to be prepared without unreasonable delay. After
the preparation of definitive Warrant Certificates, the temporary Warrant
Certificates shall be exchangeable for definitive Warrant Certificates upon
surrender of the temporary Warrant Certificates at the corporate trust office of
the Warrant Agent [or ____________], without charge to the Holder (as defined in
Section 1.06 below). Upon surrender for cancellation of any one or more
temporary Warrant Certificates the Company shall execute and the Warrant Agent
shall authenticate and deliver in exchange therefor definitive Warrant
Certificates representing the same aggregate number of Warrants. Until so
exchanged, the temporary Warrant Certificates shall in all respects be entitled
to the same benefits under this Agreement as definitive Warrant Certificates.

     Section 1.05. Payment of Taxes. The Company will pay all stamp taxes and
other duties, if any, to which, under the laws of the United States of America
or any State or political subdivision thereof, this Agreement or the original
issuance of the Warrant Certificates may be subject.

     Section 1.06. Definition of Holder. The term "Holder" or "Holders", as used
herein with reference to a Warrant Certificate, shall mean [If Warrants alone --
the person or persons in whose name such Warrant Certificate shall then be
registered as set forth in the Warrant Register to be maintained by the Warrant
Agent pursuant to Section 4.01 for that purpose], [If Offered Securities with
Warrants -- [and Warrants that are not then detachable,] the person or persons
in whose name the related Offered Securities shall be registered as set forth in
the security register to be maintained by the Trustee for such Offered
Securities pursuant to the Indenture[, prior to the Detachable Date]. The
Company will, or will cause the security registrar of any such Offered
Securities to make available to the Warrant Agent at all times [including on and
after the Detachable Date] such current information as to Holders of Offered
Securities.]

                                   ARTICLE II

                WARRANT PRICE, DURATION AND EXERCISE OF WARRANTS

     Section 2.01. Warrant Price. During the period from ___________, 20__
through and including ___________, 20__, each Warrant shall entitle the Holder
thereof, subject to the provisions of this Agreement, to purchase from the
Company the principal amount of Warrant Securities stated in the Warrant
Certificate at the exercise price of ___% of the principal amount thereof [plus
accrued amortization, if any, of the original issue discount of the Warrant
Securities] [plus accrued interest, if any, from and including the most recent
date to which interest shall have been paid on the Warrant Securities or, if no
interest shall have been paid on the Warrant Securities, from and including
___________, 20__]. During the period from and including ___________, 20__
through and including ___________, 20__, each Warrant shall entitle the Holder
thereof, subject to the provisions of this Agreement, to purchase from the

                                        3

<PAGE>

Company the principal amount of Warrant Securities stated in the Warrant
Certificate at the exercise price of __% of the principal amount thereof [plus
accrued amortization, if any, of the original issue discount of the Warrant
Securities] [ plus accrued interest, if any, from and including the most recent
date to which interest shall have been paid on the Warrant Securities or, if no
interest shall have been paid on the Warrant Securities, from and including
___________, 20__]. [In each case, the original issue discount ([SPECIFY
CURRENCY OR CURRENCY UNIT] ________ for each [SPECIFY CURRENCY OR CURRENCY UNIT]
1,000 principal amount of Warrant Securities) will be amortized at a __% annual
rate, computed on a[n] [semi-] annual basis [using a 360-day year consisting of
twelve 30-day months].] Such exercise price of each Warrant is referred to in
this Agreement as the "Exercise Price."

     Section 2.02. Duration of Warrants. Each Warrant evidenced by a Warrant
Certificate may be exercised in whole at any time, as specified herein, on or
after [the date thereof] [____________, 20__] and at or before 5:00 p.m., New
York City time on ___________, 20__ (the "Expiration Date"). Each Warrant not
exercised at or before 5:00 p.m., New York City time on the Expiration Date
shall become void, and all rights of the Holder of the Warrant Certificate
evidencing such Warrant under this Agreement shall cease, provided that the
Company reserves the right to, and may, in its sole discretion, at any time and
from time to time, at such time or times as the Company so determines, extend
the Expiration Date of the Warrants for such periods of time as it chooses.
Whenever the Expiration Date of the Warrants is so extended, the Company shall
at least 20 days prior to the then Expiration Date cause to be mailed to the
Warrant Agent and the registered Holders of the Warrants a notice stating that
the Expiration Date has been extended and setting forth the new Expiration Date.

     Section 2.03. Exercise of Warrants. (a) The Holder of a Warrant shall have
the right, at its option, to exercise such Warrant and, subject to subsection
(e) of this Section 2.03, purchase the principal amount of Warrant Securities
provided for therein at the time or times or during the period or periods
referred to in Section 2.01 and specified in the Warrant Certificate evidencing
such Warrant. Except as may be provided in a Warrant Certificate, a Warrant may
be exercised by completing the form of election to purchase set forth on the
reverse side of the Warrant Certificate, by duly executing and delivering the
same, together with payment in full of the Exercise Price in lawful money of the
[JURISDICTION OF CURRENCY OR CURRENCY UNIT], in cash or by certified or official
bank check or by bank wire transfer, to the Warrant Agent. Except as may be
provided in a Warrant Certificate, the date on which such Warrant Certificate
and payment are received by the Warrant Agent as aforesaid shall be deemed to be
the date on which the Warrant is exercised and the Warrant Securities are
issued.

     (b) The Warrant Agent shall deposit all funds received by it in payment of
the Warrant Price in an account of the Company maintained with it and shall
advise the Company by telephone by 5:00 p.m., New York City time, of each day on
which a payment for Warrants is received of the amount so deposited in its
account. The Warrant Agent shall promptly confirm such telephone advice in
writing to the Company.

     (c) The Warrant Agent shall, from time to time, as promptly as practicable,
advise the Company and the Trustee of (i) the number of Warrants exercised, (ii)
the instructions of each Holder with respect to delivery of the Warrant
Securities to which such Holder is entitled

                                        4

<PAGE>

upon such exercise, (iii) delivery of Warrant Certificates evidencing the
balance, if any, of the Warrants remaining after such exercise, and (iv) such
other information as the Company or the Trustee shall reasonably require. Such
notice may be given by telephone to be promptly confirmed by the Warrant Agent
in writing to the Company.

     (d) As soon as practicable after the exercise of any Warrant, the Company
shall issue, pursuant to the Indenture, in authorized denominations to or upon
the order of a Holder, the Warrant Securities to which such Holder is entitled,
in fully registered form, registered in such name or names as may be directed by
such Holder. If fewer than all of the Warrants evidenced by such Warrant
Certificate are exercised, the Company shall execute, and an authorized officer
of the Warrant Agent shall authenticate and deliver, a new Warrant Certificate
evidencing the number of such Warrants remaining unexercised.

     (e) The Holder, and not the Company, shall be required to pay any stamp or
other tax or other governmental charge that may be imposed in connection with
any transfer involved in the issuance of the Warrant Securities; and in the
event that any such transfer is involved, the Company shall not be required to
issue any Warrant Securities (and the Holder's purchase of the Warrant
Securities upon the exercise of such Holder's Warrant shall not be deemed to
have been consummated) until such tax or other charge shall have been paid or it
has been established to the Company's satisfaction that no such tax or other
charge is due.

                                  ARTICLE III

                          OTHER PROVISIONS RELATING TO
                    RIGHTS OF HOLDERS OF WARRANT CERTIFICATES

     Section 3.01. No Rights as Holder of Warrant Securities Conferred by
Warrants or Warrant Certificates. No Warrant or Warrant Certificate shall
entitle the Holder thereof to any of the rights of a holder of Warrant
Securities, including, without limitation, the right to receive the payment of
principal of, or premium, if any, or interest, if any, on Warrant Securities or
to enforce any of the covenants in the Indenture.

     Section 3.02. Lost, Stolen, Destroyed or Mutilated Warrant Certificates.
Upon receipt by the Company and the Warrant Agent of evidence reasonably
satisfactory to them of the ownership of and the loss, theft, destruction or
mutilation of any Warrant Certificate and of indemnity (other than in connection
with any mutilated Warrant Certificate surrendered to the Warrant Agent for
cancellation) reasonably satisfactory to them, then, in the absence of notice to
the Company or the Warrant Agent that such Warrant Certificate has been acquired
by a bona fide purchaser, the Company shall execute, and an authorized officer
of the Warrant Agent shall authenticate and deliver, in exchange for or in lieu
of each lost, stolen, destroyed or mutilated Warrant Certificate, a new Warrant
Certificate of the same tenor and evidencing a like number of Warrants. Upon the
issuance of any new Warrant Certificate under this Section, the Company may
require the payment of a sum sufficient to cover any stamp or other tax or other
governmental charge that may be imposed and any other expenses (including the
fees and expenses of the Warrant Agent) in connection therewith. Every
substitute Warrant Certificate executed and delivered pursuant to this Section
in lieu of any lost, stolen or destroyed Warrant

                                        5

<PAGE>

Certificate shall represent a contractual obligation of the Company, whether or
not the lost, stolen or destroyed Warrant Certificate shall be at any time
enforceable by anyone, and shall be entitled to the benefits of this Agreement
equally and proportionately with any and all other Warrant Certificates duly
executed and delivered hereunder. The provisions of this Section are exclusive
and shall preclude (to the extent lawful) all other rights and remedies with
respect to the replacement of lost, stolen, destroyed or mutilated Warrant
Certificates.

     Section 3.03. Holder of Warrant Certificate May Enforce Rights.
Notwithstanding any of the provisions of this Agreement, a Holder of a Warrant
Certificate, without the consent of the Warrant Agent, the Trustee, the Holder
of any Warrant Securities or the Holder of any other Warrant Certificate, may,
on its own behalf and for its own benefit, enforce, and may institute and
maintain any suit, action or proceeding against the Company to enforce, or
otherwise in respect of, its right to exercise its Warrant or Warrants in the
manner provided in its Warrant Certificate and in this Agreement.

                                   ARTICLE IV

                  EXCHANGE AND TRANSFER OF WARRANT CERTIFICATES

     Section 4.01. Warrant Register; Exchange and Transfer of Warrant
Certificates. (a) The Warrant Agent shall maintain, at its corporate trust
office [or at _________], a register (the "Warrant Register") in which, [If
Warrants alone -- upon the issuance of Warrants,] [If Offered Securities with
Warrants -- on and after the Detachable Date in the case of Warrants not
separately transferable prior thereto,] and, subject to such reasonable
regulations as the Warrant Agent may prescribe, it shall register Warrant
Certificates and exchanges and transfers thereof. The Warrant Register shall be
in written form or in any other form capable of being converted into written
form within a reasonable time.

     (b) [If Offered Securities with Warrants which are not immediately
detachable -- Prior to the Detachable Date, a Warrant Certificate may be
exchanged or transferred only together with the Offered Security to which the
Warrant Certificate was initially attached, and only for the purpose of
effecting, or in conjunction with, an exchange or transfer of such Offered
Security. Additionally, on or prior to the Detachable Date, each transfer of an
Offered Security on the register of the Offered Securities shall operate also to
transfer the Warrant Certificate or Certificates to which such Offered Security
was initially attached. After the Detachable Date, upon] [If Offered Securities
with Warrants which are immediately detachable or Warrants alone -- Upon]
surrender at the corporate trust office of the Warrant Agent [or _________],
Warrant Certificates evidencing Warrants may be exchanged for Warrant
Certificates in other denominations evidencing such Warrants or the transfer
thereof may be registered in whole; provided that such other Warrant
Certificates evidence the same aggregate number of Warrants as the Warrant
Certificates so surrendered. No service charge shall be made for any exchange or
registration of transfer of Warrant Certificates, but the Company may require
payment of a sum sufficient to cover any stamp or other tax or other
governmental charge that may be imposed in connection with any such exchange or
registration of transfer. Whenever any Warrant Certificates are so surrendered
for exchange or registration of transfer an authorized officer of the Warrant
Agent shall authenticate and deliver to the person or persons entitled thereto a

                                        6

<PAGE>

Warrant Certificate or Warrant Certificates duly authorized and executed by the
Company, as so requested. The Warrant Agent shall not be required to effect any
exchange or registration of transfer which will result in the issuance of a
Warrant Certificate evidencing a fraction of a Warrant or a number of full
Warrants and a fraction of a Warrant. All Warrant Certificates issued upon any
exchange or registration of transfer of Warrant Certificates shall be the valid
obligations of the Company, evidencing the same obligations, and entitled to the
same benefits under this Agreement, as the Warrant Certificates surrendered for
such exchange or registration of transfer.

     Section 4.02. Persons deemed Owners. [If Offered Securities with Warrants
which are not immediately detachable -- Prior to the Detachable Date, the
Company, the Warrant Agent and all other persons may treat the owner of any
Offered Security as the owner of the Warrant Certificates initially attached
thereto for any purpose and as the person entitled to exercise the rights
represented by the Warrants evidenced by such Warrant Certificates, any notice
to the contrary notwithstanding. After the Detachable Date, and prior to due
presentment of a Warrant Certificate for registration of transfer, the Company,]
the Warrant Agent and all other persons may treat the Holder as the owner
thereof for any purpose and as the person entitled to exercise the rights
represented by the Warrants evidenced thereby, any notice to the contrary
notwithstanding.

     Section 4.03. Cancellation of Warrant Certificates. Any Warrant Certificate
surrendered for exchange, registration of transfer or exercise of the Warrants
evidenced thereby shall, if surrendered to the Company, be delivered to the
Warrant Agent and all Warrant Certificates surrendered or so delivered to the
Warrant Agent shall be promptly canceled by the Warrant Agent and shall not be
reissued and, except as expressly permitted by this Agreement, no Warrant
Certificates shall be issued hereunder in exchange or in lieu thereof. The
Company may at any time deliver to the Warrant Agent for cancellation any
Warrant Certificates previously issued hereunder which the Company may have
acquired in any manner whatsoever, and all Warrant Certificates so delivered
shall be promptly canceled by the Warrant Agent. Warrant Certificates so
canceled shall be delivered by the Warrant Agent to the Company from time to
time, or disposed of in accordance with the instructions of the Company.

                                   ARTICLE V

                          CONCERNING THE WARRANT AGENT

     Section 5.01. Warrant Agent. The Company hereby appoints __________ as
Warrant Agent of the Company in respect of the Warrants and the Warrant
Certificates upon the terms and subject to the conditions set forth herein, and
____________ hereby accepts such appointment. The Warrant Agent shall have the
powers and authority granted to and conferred upon it in the Warrant
Certificates and hereby and such further powers and authority to act on behalf
of the Company as the Company may hereafter grant to or confer upon it. All of
the terms and provisions with respect to such powers and authority contained in
the Warrant Certificates are subject to and governed by the terms and provisions
hereof.

                                        7

<PAGE>

     Section 5.02. Conditions of Warrant Agent's Obligations. The Warrant Agent
accepts its obligations herein set forth upon the terms and conditions hereof,
including the following, to all of which the Company agrees and to all of which
the rights hereunder of the Holders from time to time of the Warrant
Certificates shall be subject:

     (a) Compensation and Indemnification. The Company agrees promptly to pay
         --------------------------------
the Warrant Agent the compensation to be agreed upon with the Company for all
services rendered by the Warrant Agent and to reimburse the Warrant Agent for
reasonable out-of-pocket expenses (including counsel fees) incurred by the
Warrant Agent in connection with the services rendered hereunder by the Warrant
Agent. The Company also agrees to indemnify the Warrant Agent for, and to hold
it harmless against, any loss, liability or expense incurred without negligence
or bad faith on the part of the Warrant Agent, arising out of or in connection
with its acting as Warrant Agent hereunder, as well as the cost and expense of
defending against any claim of such liability.

     (b) Agent for the Company. In acting under this Warrant Agreement and in
         ---------------------
connection with the Warrant Certificates, the Warrant Agent is acting solely as
agent of the Company and does not assume any obligation or relationship of
agency or trust for or with any of the Holders.

     (c) Counsel. The Warrant Agent may consult with counsel satisfactory to it,
         -------
and the advice of such counsel shall be full and complete authorization and
protection in respect of any action taken, suffered or omitted by it hereunder
in good faith and in accordance with the advice of such counsel.

     (d) Documents. The Warrant Agent shall be protected and shall incur no
         ---------
liability for or in respect of any action taken, suffered or omitted by it in
reliance upon any notice, direction, consent, certificate, affidavit, statement
or other paper or document reasonably believed by it to be genuine and to have
been presented or signed by the proper parties.

     (e) Certain Transactions. The Warrant Agent, and any of its officers,
         --------------------
directors and employees, may become the owner of or acquire any interest in any
Warrant, with the same rights that it or they would have if it were not the
Warrant Agent hereunder, and, to the extent permitted by applicable law, it or
they may engage or be interested in any financial or other transaction with the
Company, and the Warrant Agent may serve on, or as depository, trustee or agent
for, any committee or body of holders of Warrant Securities or other obligations
of the Company as if it were not the Warrant Agent hereunder. Nothing in this
Agreement shall be deemed to prevent the Warrant Agent from acting as Trustee
under the Indenture.

     (f) No Liability for Interest. The Warrant Agent shall not be liable for
         -------------------------
interest on any monies at any time received by it pursuant to any of the
provisions of this Agreement or of the Warrant Certificates, except as otherwise
agreed with the Company.

     (g) No Liability for Invalidity. The Warrant Agent shall not incur
         ---------------------------
liability with respect to the validity of this Agreement (except as to the due
execution hereof by the

                                        8

<PAGE>

Warrant Agent) or any Warrant Certificate (except as to the Warrant Agent's
countersignature on such Warrant Certificate).

     (h) No Responsibility for Company Representations. The Warrant Agent shall
         ---------------------------------------------
not be responsible for any of the recitals or representations contained herein
(except as to such statements or recitals as describe the Warrant Agent or
action taken or to be taken by it) or in the Warrant Certificates (except as to
the Warrant Agent's countersignature on such Warrant Certificate) all of which
recitals and representations are made solely by the Company.

     (i) No Implied Obligations. The Warrant Agent shall be obligated to perform
         ----------------------
only such duties as are specifically set forth herein and no other duties or
obligations shall be implied. The Warrant Agent shall not be under any
obligation to take any action hereunder that may subject it to any expense or
liability, the payment of which within a reasonable time is not, in its
reasonable opinion, assured to it. The Warrant Agent shall not be accountable or
under any duty or responsibility for the use by the Company of any of the
Warrant Certificates authenticated by the Warrant Agent and delivered by it to
the Company pursuant to this Agreement or for the application by the Company of
the proceeds of the Warrant Certificates. The Warrant Agent shall have no duty
or responsibility in case of any default by the Company in the performance of
its covenants or agreements contained herein or in the Warrant Certificates or
in the case of the receipt of any written demand from a Holder with respect to
such default, including, without limiting the generality of the foregoing, any
duty or responsibility to initiate or attempt to initiate any proceedings at law
or otherwise or, except as provided in Section 6.02 hereof to make any demand
upon the Company.

     Section 5.03. Resignation and Appointment of Successor. (a) The Company
agrees, for the benefit of the Holders of the Warrants, that there shall at all
times be a Warrant Agent hereunder until all the Warrant Certificates are no
longer exercisable.

     (b) The Warrant Agent may at any time resign as such by giving written
notice to the Company, specifying the date on which such resignation shall
become effective; provided that such date shall not be less than 90 days after
the date on which such notice is given, unless the Company otherwise agrees. The
Warrant Agent hereunder may be removed at any time by the filing with it of an
instrument in writing signed by or on behalf of the Company and specifying such
removal and the date when it shall become effective. Such resignation or removal
shall take effect only upon the appointment by the Company, as hereinafter
provided, of a successor Warrant Agent (which shall be a bank or trust company
authorized under the laws of the jurisdiction of its organization to exercise
corporate trust powers) and the acceptance of such appointment by such successor
Warrant Agent. The obligations of the Company under Section 5.02(a) shall
continue to the extent set forth therein notwithstanding the resignation or
removal of the Warrant Agent.

     (c) In case at any time the Warrant Agent shall resign, or shall be
removed, or shall become incapable of acting, or shall be adjudged a bankrupt or
insolvent, or shall file a petition seeking relief under the Federal Bankruptcy
Code, as now constituted or hereafter amended, or under any other applicable
federal or state bankruptcy law or similar law, or make an assignment for the
benefit of its creditors, or consent to the appointment of a receiver or

                                        9

<PAGE>

custodian for all or any substantial part of its property, or shall admit in
writing its inability to pay or meet its debts as they mature, or if a receiver
or custodian for it or for all or any substantial part of its property shall be
appointed, or if an order of any court shall be entered for relief against it
under the provisions of the Federal Bankruptcy Code, as now constituted or
hereafter amended, or under any other applicable federal or state bankruptcy or
similar law, or if any public officer shall have taken charge or control of the
Warrant Agent or of its property or affairs for the purpose of rehabilitation,
conservation or liquidation, a successor Warrant Agent, qualified as aforesaid,
shall be appointed by the Company by an instrument in writing, filed with the
successor Warrant Agent. Upon the appointment as aforesaid of a successor
Warrant Agent and acceptance by the successor Warrant Agent of such appointment,
the Warrant Agent so superseded shall cease to be Warrant Agent hereunder.

     (d) Any successor Warrant Agent appointed hereunder shall execute,
acknowledge and deliver to its predecessor and to the Company an instrument
accepting such appointment hereunder, and thereupon such successor Warrant
Agent, without any further act, deed or conveyance, shall become vested with all
the authority, rights, powers, trusts, immunities, duties and obligations of
such predecessor with like effect as if originally named as Warrant Agent
hereunder, and such predecessor, upon payment of its charges and disbursements
then unpaid, shall thereupon become obligated to transfer, deliver and pay over,
and such successor Warrant Agent shall be entitled to receive, the Warrant
Register and all monies, securities and other property on deposit with or held
by such predecessor (together with any books and records relating thereto), as
Warrant Agent hereunder.

     (e) Any corporation into which the Warrant Agent hereunder may be merged or
converted or any corporation with which the Warrant Agent may be consolidated,
or any corporation resulting from any merger, conversion or consolidation to
which the Warrant Agent shall be a party, or any corporation to which the
Warrant Agent shall sell or otherwise transfer all or substantially all of its
assets and business, provided that such corporation shall be qualified as
aforesaid, shall be the successor Warrant Agent under this Agreement without the
execution or filing of any paper, the giving of any notice to Holders or any
further act on the part of the parties hereto.

     Section 5.04. Compliance With Applicable Laws. The Warrant Agent agrees to
comply with all applicable federal and state laws imposing obligations on it in
respect of the services rendered by it under this Warrant Agreement and in
connection with the Warrants, including, without limitation, the provisions of
United States federal income tax laws regarding information reporting and backup
withholding. The Warrant Agent expressly assumes all liability for its failure
to comply with any such laws imposing obligations on it, including, without
limitation, any liability for failure to comply with any applicable provisions
of United States federal income tax laws regarding information reporting and
backup withholding.

     Section 5.05. Office. The Company will maintain an office or agency where
Warrant Certificates may be presented for exchange, transfer or exercise. The
office initially designated for this purpose shall be the corporate trust office
of the Warrant Agent at _____________.

                                       10

<PAGE>

                                   ARTICLE VI

                                  MISCELLANEOUS

     Section 6.01. Amendment. (a) This Agreement may be amended or supplemented
by the parties hereto, without the approval or consent of any Holder, for the
purpose of curing any ambiguity, or of curing, correcting or supplementing any
defective provision contained herein, or making any other provisions with
respect to matters or questions arising under this Agreement as the Company and
the Warrant Agent may deem necessary or desirable; provided that such action
shall not adversely affect the interests of the Holders.

     (b) The Company and the Warrant Agent may modify or amend this Agreement
and the Warrant Certificates, with the consent of the Holders holding not fewer
than a majority in number of the then outstanding unexercised Warrants affected
by such modification or amendment, for any purpose; provided, however, that no
such modification or amendment that increases the Exercise Price, shortens the
period of time during which the Warrants may be exercised, or otherwise
materially and adversely affects the exercise rights of the Holders or reduces
the percentage of the number of outstanding Warrants the consent of the Holders
of which is required for modification or amendment of this Agreement or the
Warrant Certificates may be made without the consent of each Holder affected
thereby.

     Section 6.02. Notices and Demands to the Company and Warrant Agent. If the
Warrant Agent shall receive any notice or demand addressed to the Company by a
Holder pursuant to the provisions of this Agreement or a Warrant Certificate,
the Warrant Agent shall promptly forward such notice or demand to the Company.

     Section 6.03. Addresses. Any communication from the Company to the Warrant
Agent with respect to this Agreement shall be addressed to _______________
Attention: _____________, and any communication from the Warrant Agent to the
Company with respect to this Agreement shall be addressed to Kraft Foods Inc.,
Three Lakes Drive, Northfield, Illinois 60093, Attention: ____________(or such
other address as shall be specified in writing by the Warrant Agent or by the
Company).

     Section 6.04. Applicable Law. This Agreement and each Warrant Certificate
issued hereunder shall be governed by, and construed in accordance with, the
laws of the State of New York.

     Section 6.05. Delivery of Prospectus. The Company will furnish to the
Warrant Agent sufficient copies of a prospectus relating to the Warrant
Securities deliverable upon exercise of any Warrant (the "Prospectus"), and the
Warrant Agent agrees that upon the exercise of any Warrant, the Warrant Agent
will deliver to the holder of the Warrant Certificate evidencing such Warrant,
prior to or concurrently with the delivery of the Warrant Securities issued upon
such exercise, a Prospectus.

     Section 6.06. Government Approvals. The Company will from time to time take
all action which may be necessary to obtain and keep effective any and all
permits, consents

                                       11

<PAGE>

and approvals of governmental agencies and authorities and will make all filings
under federal and state securities laws (including, without limitation, a
registration statement in respect of the Warrants and Warrant Securities under
the Securities Act of 1933), which may be or become requisite in connection with
the issuance, sale, transfer, and delivery of the Warrant Certificates, the
exercise of the Warrants, and the issuance, sale, transfer and delivery of the
Warrant Securities issued upon exercise of the Warrants.

     Section 6.07. Persons Having Rights under Warrant Agreement. Nothing in
this Agreement expressed or implied and nothing that may be inferred from any of
the provisions hereof is intended, or shall be construed, to confer upon, or
give to, any person or corporation other than the Company, the Warrant Agent and
the Holders of the Warrant Certificates any right, remedy or claim under or by
reason of this Agreement or of any covenant, condition, stipulation, promise or
agreement hereof; and all covenants, conditions, stipulations, promises and
agreements contained in this Agreement shall be for the sole and exclusive
benefit of the Company and the Warrant Agent and their successors and of the
Holders of the Warrant Certificates.

     Section 6.08. Headings. The descriptive headings of the several Articles
and Sections of this Agreement are inserted for convenience only and shall not
control or affect the meaning or construction of any of the provisions hereof.

     Section 6.09. Counterparts. This Agreement may be executed in any number of
counterparts, each of which as so executed shall be deemed to be an original,
but such counterparts shall together constitute but one and the same instrument.

     Section 6.10. Inspection of Agreement. A copy of this Agreement shall be
available at all reasonable times at the principal corporate trust office of the
Warrant Agent for inspection by any Holder. The Warrant Agent may require such
Holder to submit its Warrant Certificate for inspection prior to making such
copy available.

                                       12

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed, all as of the day and year first above written.

                                        KRAFT FOODS INC.
Attest:

                                        By ______________________________
_______________________                      Name:
                                             Title:

                                             ______________________________,
                                             as Warrant Agent

Attest:                                 By ______________________________
                                             Name:
                                             Title:
_______________________

                                       13

<PAGE>

                                                                       Exhibit A

                          (FORM OF WARRANT CERTIFICATE)

                          [Face of Warrant Certificate]

FORM OF LEGEND IF OFFERED        [Prior to _______________, this Warrant
SECURITIES WITH WARRANTS WHICH   Certificate may be exchanged or transferred if
ARE NOT IMMEDIATELY DETACHABLE:  and only if the [Title of Warrant Securities]
                                 to which it was initially attached is so
                                 exchanged or transferred.]

FORM OF LEGEND IF WARRANTS ARE   [Prior to __________, Warrants evidenced by
NOT IMMEDIATELY EXERCISABLE:     this Warrant Certificate cannot be exercised.]

                EXERCISABLE ONLY IF COUNTERSIGNED BY THE WARRANT
                            AGENT AS PROVIDED HEREIN.

        VOID AFTER 5:00 P.M., NEW YORK CITY TIME ON ____________, 20___.

                                KRAFT FOODS INC.

                              WARRANTS TO PURCHASE
                          [Title of Warrant Securities]
No. ____________                                           ____________ Warrants

     This certifies that ____________ or registered assigns is the registered
owner of the above indicated number of Warrants, each Warrant entitling such
owner to purchase, at any time [after 5:00 p.m., New York City time on ________,
20____ and] on or before 5:00 p.m., New York City time on ___________, 20__,
[SPECIFY CURRENCY OR CURRENCY UNIT] ____________ principal amount of [Title of
Warrant Securities] (the "Warrant Securities"), of Kraft Foods Inc. (the
"Company"), issued and to be issued under the Indenture (as hereinafter
defined), on the following basis: [on _______, 20___ the exercise price of each
Warrant is [SPECIFY CURRENCY OR CURRENCY UNIT] _________; during the period from
____________, 20__ through and including _______, 20___, the exercise price of
each Warrant will be [SPECIFY CURRENCY OR CURRENCY UNIT] __________ plus
[accrued amortization of the original issue discount] [accrued interest from and
including the most recent date to which interest shall have been paid on the
Warrant Securities, or, if no interest shall have been paid on the Warrant
Securities, from and including ______, 20___]; on ______, 20___ the exercise
price of each Warrant will be [SPECIFY CURRENCY OR CURRENCY UNIT] __________;
during the period from ______, 20___, through and including ______, 20___, the
exercise price of each Warrant will be [SPECIFY CURRENCY OR CURRENCY UNIT]
__________ plus [accrued amortization of the original issue discount] [accrued
interest from and including the most recent date to which interest shall have
been paid on the Warrant Securities, or, if no interest shall have been paid on
the Warrant Securities, from and including ______, 20___]; [in each case, the
original issue discount will be amortized at an annual rate, computed

                                       A-1

<PAGE>

on an annual basis, using a 360-day year consisting of twelve 30-day months]
(the "Warrant Price"). [The original issue discount for each [SPECIFY CURRENCY
OR CURRENCY UNIT] 1,000 principal amount of Warrant Securities is [SPECIFY
CURRENCY OR CURRENCY UNIT] __________.] The holder may exercise the Warrants
evidenced hereby by providing certain information set forth on the back hereof
and by paying in full, [in lawful money of [JURISDICTION OF CURRENCY OR CURRENCY
UNIT,]] [in cash or by certified check or official bank check or by bank wire
transfer, in each case,] [by bank wire transfer] in immediately available funds,
the Warrant Price for each Warrant exercised to the Warrant Agent (as
hereinafter defined) and by surrendering this Warrant Certificate, with the
purchase form on the back hereof duly executed, at the corporate trust office of
[name of Warrant Agent], or its successor as warrant agent (the "Warrant
Agent"), [or] currently at the address specified on the reverse hereof, and upon
compliance with and subject to the conditions set forth herein and in the
Warrant Agreement (as hereinafter defined).

     Any whole number of Warrants evidenced by this Warrant Certificate may be
exercised to purchase Warrant Securities in registered form in denominations of
[SPECIFY CURRENCY OR CURRENCY UNIT] __________ and any integral multiples
thereof. Upon any exercise of fewer than all of the Warrants evidenced by this
Warrant Certificate, there shall be issued to the holder hereof a new Warrant
Certificate evidencing the number of Warrants remaining unexercised.

     This Warrant Certificate is issued under and in accordance with the Warrant
Agreement dated as of ______, 20___ (the "Warrant Agreement") between the
Company and the Warrant Agent and is subject to the terms and provisions
contained in the Warrant Agreement, to all of which terms and provisions the
holder of this Warrant Certificate consents by acceptance hereof. Copies of the
Warrant Agreement are on file at the above-mentioned office of the Warrant Agent
[and at ____________].

     The Warrant Securities to be issued and delivered upon the exercise of the
Warrants evidenced by this Warrant Certificate will be issued under and in
accordance with an Indenture date as of ______, 2001 (the "Indenture"), between
the Company and The Chase Manhattan Bank, as Trustee (The Chase Manhattan Bank,
and any successor to such Trustee being hereinafter referred to as the
"Trustee"), and will be subject to the terms and provisions contained in the
Indenture. Copies of the Indenture and the form of the Warrant Securities are on
file at the corporate office of the Trustee [and at ____________].

     [If Offered Securities with Warrants which are not immediately
detachable--Prior to ______, 20___, this Warrant Certificate may be exchanged or
transferred only together with the [Title of Offered Securities] ("Offered
Securities") to which this Warrant Certificate was initially attached, and only
for the purpose of effecting, or in conjunction with, an exchange or transfer of
such Offered Securities. After such date, transfer of this] [If Offered
Securities with Warrants which are immediately detachable or Warrants alone --
Transfer of this] Warrant Certificate may be registered when this Warrant
Certificate is surrendered at the corporate trust office of the Warrant Agent
[or ______] by the registered owner or assigns, in person or by an attorney duly
authorized in writing, in the manner and subject to the limitations provided in
the Warrant Agreement.]

                                       A-2

<PAGE>
[If Offered Securities with Warrants which are not
immediately detachable--Except as provided in the immediately preceding
paragraph, after] [If Offered Securities with Warrants which are immediately
detachable or Warrants alone -- After] countersignature by the Warrant Agent and
prior to the expiration of this Warrant Certificate, this Warrant Certificate
may be exchanged at the corporate trust office of the Warrant Agent for Warrant
Certificates in other denominations representing the same aggregate number of
Warrants.

     This Warrant Certificate shall not entitle the holder hereof to any of the
rights of a holder of the Warrant Securities, including, without limitation, the
right to receive payments of principal of and premium, if any, or interest, if
any, on the Warrant Securities or to enforce any of the covenants of the
Indenture.

     Reference is hereby made to the further provisions of this Warrant
Certificate set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place.

     This Warrant Certificate shall not be valid or obligatory for any purpose
until countersigned by the Warrant Agent.

     IN WITNESS WHEREOF, the Company has caused this Warrant Certificate to be
duly executed under its corporate seal.

Dated as of ______, 20___

                                                KRAFT FOODS INC.

                                                By _____________________________
                                                    Name:
                                                    Title:

Attest:

________________________________

Countersigned:

________________________________,
as Warrant Agent

By _____________________________
        Authorized Signature

                                       A-3

<PAGE>
                        [Reverse of Warrant Certificate]

                      Instructions for Exercise of Warrant

     To exercise the Warrants evidenced hereby, the holder must pay [in cash or
by certified check or official bank check or by bank wire transfer] [by bank
wire transfer] [in immediately available funds] the Warrant Price in full for
Warrants exercised to [insert name of Warrant Agent] Corporate Trust Department,
[insert address of Warrant Agent], Attn: [or ____________], which [payment]
[wire transfer] must specify the name of the holder and the number of Warrants
exercised by such holder. In addition, the holder must complete the information
required below and present this Warrant Certificate in person or by registered
mail to the Warrant Agent at the addresses set forth below.

                               [Form of Exercise]

                     To Be Executed Upon Exercise of Warrant

     The undersigned hereby irrevocably elects to exercise _____ Warrants,
evidenced by this Warrant Certificate, to purchase [SPECIFY CURRENCY OR CURRENCY
UNIT] __________ principal amount of the [Title of Warrant Securities] (the
"Warrant Securities") of Kraft Foods Inc. and represents that he has tendered
payment for such Warrant Securities [in cash or by certified check or official
bank check or by bank wire transfer, in each case,] [by bank wire transfer] in
immediately available funds to the order of Kraft Foods Inc., c/o [insert name
and address of Warrant Agent] in the amount of [SPECIFY CURRENCY OR CURRENCY
UNIT] __________ in accordance with the terms hereof. The undersigned requests
that said principal amount of Warrant Securities be in fully registered form in
the authorized denominations, registered in such names and delivered all as
specified in accordance with the instructions set forth below.

     If the number of Warrants exercised is less than all of the Warrants
evidenced hereby, the undersigned requests that a new Warrant Certificate
representing the remaining Warrants evidenced hereby be issued and delivered to
the undersigned unless otherwise specified in the instructions below.

                                       A-4

<PAGE>

Dated:                                         Name ____________________________
                                                        (Please Print)

_________________________________              Address _________________________
(Insert Social Security or other
Identifying Number of Holder)                  _________________________________

                                               Signature _______________________
                                               (Signature must conform in all
                                               respects to name of holder as
                                               specified on the face of this
                                               Warrant Certificate and must
                                               bear a signature guarantee by
                                               a bank, trust company or
                                               member broker of the New York,
                                               the American, Midwest or
                                               Pacific Stock Exchange.)

 The Warrants evidenced hereby may be exercised at the following addresses:

                  By hand at ___________________________________

                  By mail at ___________________________________

     [Instructions as to form and delivery of Warrant Securities and, if
applicable, Warrant Certificates evidencing unexercised Warrants--complete as
appropriate.]

Signature Guaranteed:

______________________________________

                                       A-5

<PAGE>

                                   Assignment
              (Form of Assignment To Be Executed if Holder Desires
                     To Transfer Warrants Evidenced Hereby)

   FOR VALUE RECEIVED
         hereby sells, assigns and transfers unto

--------------------------------------------------------------------------------
               (Please print name and address including zip code)

                                          (Please insert social security
                                          or other identifying number)

--------------------------------------------------------------------------------
the Warrants represented by the within Warrant Certificate and does hereby
irrevocably constitute and appoint           Attorney, to transfer said Warrant
Certificate on the books of the Warrant Agent with full power of substitution in
the premises.

Dated:                                  Signature ______________________________
                                        (Signature must conform in all
                                        respects to name of holder as
                                        specified on the face of this
                                        Warrant Certificate and must bear
                                        a signature guarantee by a bank,
                                        trust company or member broker of
                                        the New York, the American,
                                        Midwest or Pacific Stock
                                        Exchange.)

Signature Guaranteed:

_________________________________

                                       A-6

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