Document:

Supplemental Indenture No. 2

 Exhibit 10.27 
 KRAFT FOODS GROUP, INC., 
 as the Company, 

KRAFT FOODS INC., 
 as the Guarantor 
 and 

DEUTSCHE BANK TRUST COMPANY AMERICAS, 
 as the Trustee 
 SUPPLEMENTAL INDENTURE NO. 2 

DATED AS OF JULY 18, 2012 
 TO INDENTURE 
 DATED AS OF JUNE 4, 2012 

Relating To 
 $1,034,657,000 of 6.125% Notes due 2018 
 $900,000,000 of 5.375% Notes due
2020 
 $877,860,000 of 6.875% Notes due 2039 
 $787,483,000 of 6.500% Notes due 2040 

 SUPPLEMENTAL INDENTURE NO. 2 

SUPPLEMENTAL INDENTURE NO. 2, dated as of July 18, 2012 (the “Supplemental Indenture”), among Kraft Foods
Group, Inc. (the “Company”), a Virginia corporation, Kraft Foods Inc. (the “Guarantor”) and Deutsche Bank Trust Company Americas, a New York banking corporation organized and existing under the laws of the State of
New York, as trustee (the “Trustee”), to the Base Indenture (as defined below). 
 RECITALS

 WHEREAS, the Company has heretofore executed and delivered to the Trustee an Indenture, dated as of
June 4, 2012 (the “Base Indenture”), providing for the issuance from time to time of its notes and other evidences of senior debt securities, to be issued in one or more series as therein provided; 

WHEREAS, pursuant to the terms of the Base Indenture, the Company desires to provide for the establishment of four series of notes
to be known respectively as its 6.125% Notes due 2018 (the “2018 Notes”), its 5.375% Notes due 2020 (the “2020 Notes”), its 6.875% Notes due 2039 (the “2039 Notes”) and its 6.500% Notes due 2040
(the “2040 Notes” and, together with the 2018 Notes, the 2020 Notes and the 2039 Notes, the “Notes”), the form and substance of such Notes and the terms, provisions and conditions thereof to be set forth as provided
in the Base Indenture and this Supplemental Indenture (together, the “Indenture”); 
 WHEREAS, the Notes
initially will be fully guaranteed as to payment of principal, premium, if any, and interest on a senior unsecured basis (the “Guarantee”) by the Guarantor; 
 WHEREAS, the Company and the Guarantor have requested that the Trustee execute and deliver this Supplemental Indenture, and all requirements necessary to make this Supplemental Indenture a legal,
valid and binding instrument in accordance with its terms, to make the Notes, when executed by the Company and authenticated and delivered by the Trustee, the legal, valid and binding obligations of the Company, and to make the Guarantee included
herein, the legal, valid and binding obligation of the Guarantor, and all acts and things necessary have been done and performed to make this Supplemental Indenture enforceable in accordance with its terms, and the execution and delivery of this
Supplemental Indenture has been duly authorized in all respects; and 
 WHEREAS, the Notes will initially be issued, in
definitive form, as a dividend to Kraft Foods Inc. and will thereafter be transferred by Kraft Foods Inc. in connection with the settlement of the exchange offers by Kraft Foods Inc. (together, the “Kraft Exchange”) as described in
the Offering Memorandum, dated June 18, 2012 (as amended) and the related letter of transmittal. 
 WITNESSETH:

 NOW, THEREFORE, for and in consideration of the premises contained herein, each party agrees for the benefit of
each other party and for the equal and ratable benefit of the Holders of the Notes, as follows: 
 ARTICLE ONE 

DEFINITIONS 
 Section 1.01. Capitalized terms used but not defined in this Supplemental Indenture shall have the meanings ascribed to them in the Base Indenture. 

Section 1.02. References in this Supplemental Indenture to article and section numbers shall be deemed to be references to
article and section numbers of this Supplemental Indenture unless otherwise specified. 
 Section 1.03. For purposes
of this Supplemental Indenture, the following terms have the meanings ascribed to them as follows: 

 “Additional Notes” means any additional Notes that may be issued from time
to time pursuant to the second paragraph of Section 2.01. 
 “Base Indenture” has the meaning provided in
the recitals. 
 “Depositary” has the meaning provided in Section 2.03. 

“Distribution” has the meaning provided in the definition of “Spin-Off.” 

“Exchange Notes” means notes issued in a registered exchange offer pursuant to the Registration Rights Agreement.

 “Global Snacks Business” means the Guarantor’s U.S. and Canadian snacks and confectionery business,
including the related foodservice operations, but excluding the Planters and Corn Nuts businesses, and all of its current businesses conducted outside of the United States and Canada, except for the North American Grocery Export
Business. 
 “Grocery Business Lines” means the Guarantor’s current (as of the date hereof) U.S. and
Canadian grocery, beverages, cheese, convenient meals, Planters and Corn Nuts businesses, including the related foodservice operations and the grocery business operations in Puerto Rico (excluding the powdered and liquid concentrate
beverages businesses in Puerto Rico). 
 “Indenture” has the meaning provided in the recitals. 

“Initial Notes” means the aggregate principal amount of each series of Notes issued on the date hereof, as specified on
the first paragraph of Section 2.01. 
 “Interest Payment Date” has the meaning provided in
Section 2.04. 
 “Internal Reorganization” means the series of transactions described in clause
(i) in the definition of “Spin-Off.” 
 “New Snacks Company” has the meaning provided in the
definition of “Spin-Off.” 
 “North American Grocery Export Business” means the Guarantor’s
export operations related to the Grocery Business Lines in the United States and Canada, except for the Philadelphia cream cheese, and certain powdered and liquid concentrate beverage businesses in a number of jurisdictions and the businesses
related to certain branded products that the Guarantor will market and sell in a limited number of countries outside of the United States and Canada. 
 “Notes” has the meaning provided in the recitals. For the avoidance of doubt, “Notes” shall include the Additional Notes, if any. 

“Registration Rights Agreement” “ means (i) the registration rights agreement, dated as of July 18, 2012
among the Company, the Guarantor, and the dealer managers party thereto and (ii) with respect to any Additional Notes, one or more substantially similar registration rights agreements among the Company and the other parties thereto, as such
agreements may be amended from time to time. 
 “Spin-Off” means the series of transactions pursuant to which
(i) (A) the Company will allocate, transfer and assign, or cause to be allocated, transferred and assigned, the assets and liabilities of the Guarantor’s Global Snacks Business to a new wholly owned Subsidiary being a Delaware limited
liability company (the “New Snacks Company”) in exchange for 100% of the outstanding shares of New Snacks Company and (B) the Company will distribute all of the outstanding shares of New Snacks Company to the Guarantor and
(ii) the Guarantor’s distribution to its shareholders of 100% of the outstanding shares of the Company (the “Distribution”). 

  
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 “Supplemental Indenture” has the meaning provided in the preamble.

 “Trustee” has the meaning provided in the preamble. 

ARTICLE TWO 
 GENERAL TERMS AND CONDITIONS OF THE NOTES 
 Section 2.01.
Designation and Principal Amount. 
 The Notes are hereby authorized and are respectively designated the 6.125% Notes due
2018, the 5.375% Notes due 2020, the 6.875% Notes due 2039 and the 6.500% Notes due 2040, each unlimited in aggregate principal amount. The 2018 Notes issued on the date hereof pursuant to the terms of the Indenture shall be in an aggregate
principal amount of $ 1,034,657,000, the 2020 Notes issued on the date hereof pursuant to the terms of the Indenture shall be in an aggregate principal amount of $900,000,000, the 2039 Notes issued on the date hereof pursuant to the terms of the
Indenture shall be in an aggregate principal amount of $ 877,860,000 and the 2040 Notes issued on the date hereof pursuant to the terms of the Indenture shall be in an aggregate principal amount of $ 787,483,000, which amounts shall be set forth in
the written order of the Company for the authentication and delivery of the Notes pursuant to Section 301 of the Base Indenture. 
 In addition, without the consent of the holders of an applicable series of Notes, the Company may issue, from time to time in accordance with the provisions of the Indenture, additional Notes having the
same ranking and the same interest rate, maturity and other terms as such series of Notes (except for the issue date, issue price, and, in some cases, the first payment of interest or interest accruing prior to the issue date of such additional
Notes); provided that if such additional Notes are not fungible with such Notes issued on the date hereof for U.S. federal income tax purposes, the additional Notes will be issued under a separate CUSIP number. Any additional Notes having
such similar terms, together with the applicable series of Notes issued on the date hereof, shall constitute a single series of Notes under the Indenture. No additional Notes may be issued if an Event of Default has occurred with respect to the
applicable series of Notes. 
 Section 2.02. Maturity. 

(a) Unless an earlier redemption has occurred, the principal amount of the 2018 Notes shall mature and be due and payable, together with
any accrued interest thereon, on August 23, 2018. 
 (b) Unless an earlier redemption has occurred, the principal amount of
the 2020 Notes shall mature and be due and payable, together with any accrued interest thereon, on February 10, 2020. 
 (c)
Unless an earlier redemption has occurred, the principal amount of the 2039 Notes shall mature and be due and payable, together with any accrued interest thereon, on January 26, 2039. 

(d) Unless an earlier redemption has occurred, the principal amount of the 2040 Notes shall mature and be due and payable, together with
any accrued interest thereon, on February 9, 2040. 
 Section 2.03. Form and Payment. 

The Notes shall be issued to Kraft Foods Inc. as certificated notes, in definitive, fully registered form without coupons in denominations
of $2,000 and integral multiples of $1,000 in excess thereof. In order to accommodate the transfer of the interests in the Notes in connection with the settlement of the Kraft Exchange, global notes will also be issued in fully registered book-entry
form without coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. 
 The Notes and the
Trustee’s Certificates of Authentication to be endorsed thereon are to be substantially in the form of Exhibit A-1, Exhibit A-2, Exhibit A-3 and Exhibit A-4, respectively, which forms are hereby incorporated in and
made a part of this Supplemental Indenture. 

  
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 The terms and provisions contained in the Notes shall constitute, and are hereby expressly
made, a part of this Supplemental Indenture, and the Company, the Guarantor and the Trustee, by their execution and delivery of this Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby. 

Principal, premium, if any, and/or interest, if any, on the global notes representing the Notes shall be made to The Depository Trust
Company (together with any successor thereto, the “Depositary”). 
 The global notes representing the Notes
shall be deposited with, or on behalf of, the Depositary and shall be registered in the name of the Depositary or a nominee of the Depositary. No global note may be transferred except as a whole by a nominee of the Depositary to the Depositary or to
another nominee of the Depositary, or by the Depositary or such nominee to a successor of the Depositary or a nominee of such successor. 
 Additional provisions relating to the Initial Notes, Additional Notes, Exchange Notes and any other Notes issued under this Supplemental Indenture are set forth in Appendix A, which is hereby
incorporated in and made a part of this Supplemental Indenture. 
 Section 2.04. Interest. 

Interest on the 2018 Notes shall accrue at the rate of 6.125% per annum, interest on the 2020 Notes shall accrue at the rate of
5.375% per annum, interest on the 2039 Notes shall accrue at the rate of 6.875% per annum and interest on the 2040 Notes shall accrue at the rate of 6.500% per annum. Interest on the Notes shall accrue from July 18, 2012 or the
most recent interest payment date on which interest was paid. Interest on the 2018 Notes shall be payable semi-annually in arrears on February 23 and August 23 of each year, beginning on August 23, 2012; interest on the 2020 Notes
shall be payable semi-annually in arrears on February 10 and August 10 of each year, beginning on August 10, 2012; interest on the 2039 Notes shall be payable semi-annually in arrears on January 26 and July 26 of each year,
beginning on July 26, 2012; and interest on the 2040 Notes shall be payable semi-annually in arrears on February 9 and August 9 of each year, beginning on August 9, 2012 (with respect to the applicable series of Notes, each an
“Interest Payment Date”). Interest on the 2018 Notes shall be payable to the Holders in whose names the 2018 Notes are registered at the close of business on the preceding February 8 and August 8; interest on the 2020
Notes shall be payable to the Holders in whose names the 2020 Notes are registered at the close of business on the preceding January 26 and July 26; interest on the 2039 Notes shall be payable to the Holders in whose names the 2039 Notes
are registered at the close of business on the preceding January 11 and July 11; and interest on the 2040 Notes shall be payable to the Holders in whose names the 2040 Notes are registered at the close of business on the preceding
January 25 and July 25 (with respect to the applicable series of Notes, each a “Record Date”). Interest on the Notes shall be computed on the basis of a 360-day year comprising twelve 30-day months. 

ARTICLE THREE 
 GUARANTEE 
 Section 3.01. Guarantee of Kraft Foods Inc.

 Pursuant to Article Fourteen of the Base Indenture, as of the date hereof, the obligations of the Company pursuant to the
Notes, including any repurchase obligations resulting from a Change of Control (as defined in the Notes), will be fully guaranteed, on an unsecured basis, by the Guarantor. 
 Section 3.02. Release of the Guarantee. 
 The Guarantor shall be
automatically and unconditionally released and discharged from all obligations under the Indenture and the Guarantee without any action required on the part of the Trustee or any Holder upon the occurrence of the Distribution (so long as the other
transactions constituting the Spin-Off have occurred). The Guarantor’s Guarantee shall also terminate upon defeasance or discharge of the Notes, as provided in “Defeasance.” 

  
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 ARTICLE FOUR 
 MISCELLANEOUS 
 Section 4.01. Application of Supplemental
Indenture. 
 The Indenture, as supplemented by this Supplemental Indenture, is in all respects ratified and confirmed. This
Supplemental Indenture shall be deemed part of the Base Indenture in the manner and to the extent herein and therein provided. 

Section 4.02. Trust Indenture Act Controls. 
 If any provision hereof limits, qualifies or conflicts with the duties imposed by Sections 310 through 317 of the Trust Indenture Act, the imposed duties shall control. 

Section 4.03. Conflict with Base Indenture. 
 To the extent not expressly amended or modified by this Supplemental Indenture, the Base Indenture shall remain in full force and effect. If any provision of this Supplemental Indenture relating to the
Notes is inconsistent with any provision of the Base Indenture, the provision of this Supplemental Indenture shall control. 

Section 4.04. Governing Law; Waiver of Jury Trial 
 THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO
THIS SUPPLEMENTAL INDENTURE OR THE TRANSACTION CONTEMPLATED HEREBY. 
 Section 4.05. Successors. 

All agreements of the Company in the Base Indenture, this Supplemental Indenture and the Notes shall bind its successors. All agreements
of the Guarantor in this Supplemental Indenture and the Notes shall bind its successors. All agreements of the Trustee in the Base Indenture and this Supplemental Indenture shall bind its successors. 

Section 4.06. Counterparts. 
 This instrument may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same
instrument. 
 Section 4.07. Trustee Disclaimer. 

The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture and the Notes other than as to the
validity of its execution and delivery by the Trustee. The recitals and statements herein and in the Notes are deemed to be those of the Company and not the Trustee and the Trustee assumes no responsibility for the same. The Trustee or any
Authenticating Agent shall not be accountable for the use or application by the Company of Notes or the proceeds thereof. 

  
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 Section 4.08. Supplemental Indenture Without Consent of Holders.

 In addition to the circumstances set forth in Section 9.01 of the Base Indenture (Supplemental Indentures Without
Consent of Holders), without the consent of any Holders of Notes or coupons, the Company, when authorized by a Board Resolution, and the Trustee for the Securities of any or all series of Notes, at any time and from time to time, may enter into
one or more indentures supplemental hereto, in form satisfactory to such Trustee, to amend this Supplemental Indenture to conform this Supplemental Indenture or the terms of any series of Notes to the “Description of New Notes” section of
the Offering Memorandum, dated June 18, 2012, related thereto, as evidenced by an Officers’ Certificate. 

[Remainder of page intentionally left blank] 

  
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 IN WITNESS WHEREOF, the parties to this Supplemental Indenture have caused it to be duly
executed as of the day and year first above written. 
  

			
	KRAFT FOODS GROUP, INC.
		
	By:	 	/s/ Barbara L. Brasier
	Name:	 	Barbara L. Brasier
	Title:	 	Senior Vice President and Treasurer
	
	KRAFT FOODS INC., as Guarantor
		
	By:	 	/s/ Barbara L. Brasier
	Name:	 	Barbara L. Brasier
	Title:	 	Senior Vice President and Treasurer
	
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee
		
	By:	 	/s/ Carol Ng
	Name:	 	Carol Ng
	Title:	 	Vice President
		
	By:	 	/s/ Lisa Karlsen
	Name:	 	Lisa Karlsen
	Title:	 	Vice President

 [Signature Page to Supplemental Indenture No. 2] 

 Appendix A 
 PROVISIONS RELATING TO INITIAL NOTES, 
 ADDITIONAL NOTES AND EXCHANGE NOTES

 Section 1.1 Definitions. 
 (a) Capitalized Terms. 
 Capitalized terms used but not defined in this
Appendix A have the meanings given to them in this Indenture. The following capitalized terms have the following meanings: 

“Applicable Procedures” means, with respect to any transfer or transaction involving a Global Note or beneficial
interest therein, the rules and procedures of the Depositary for such Global Note, Euroclear or Clearstream, in each case to the extent applicable to such transaction and as in effect from time to time. 

“Clearstream” means Clearstream Banking, Société Anonyme, or any successor securities clearing agency.

 “Custodian” means the Trustee, as custodian with respect to the Notes in global form, or any successor
entity thereto. 
 “Definitive Note” means a certificated Initial Note, Additional Note or Exchange Note issued
pursuant to the Indenture (bearing the Restricted Notes Legend if the transfer of such Note is restricted by applicable law) that does not include the Global Notes Legend. 
 “Distribution Compliance Period,” with respect to any Note, means the period of 40 consecutive days beginning on and including the later of (a) the day on which such Note is first
offered to persons other than distributors (as defined in Regulation S) in reliance on Regulation S, notice of which day shall be promptly given by the Company to the Trustee, and (b) the date of issuance with respect to such Note or any
predecessor of such Note. 
 “Euroclear” means Euroclear Bank S.A./N.Y., as operator of Euroclear systems
Clearance System or any successor securities clearing agency. 
 “Exchange Offer” has the meaning set forth in
the Registration Rights Agreement. 
 “IAI” means an institution that is an “accredited investor” as
described in Rule 501(a)(1), (2), (3) or (7) under the Securities Act and is not a QIB. 
 “QIB”
means a “qualified institutional buyer” as defined in Rule 144A. 
 “Regulation S” means Regulation S
promulgated under the Securities Act. 
 “Rule 144” means Rule 144 promulgated under the Securities Act.

 “Rule 144A” means Rule 144A promulgated under the Securities Act. 

“Transfer Restricted Notes” means Definitive Notes and any Notes in global form that bear or are required to bear the
Restricted Notes Legend. 
 “Unrestricted Global Note” means any Note in global form that does not bear or is
not required to bear the Restricted Notes Legend. 
 “U.S. person” means a “U.S. person” as defined
in Regulation S. 

  
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 (b) Other Definitions. 

 

					
	 Term:
	  	Defined in
Section:	 
	 “Agent Members”
	  	 	2.1	(d) 
	 “Definitive Notes Legend”
	  	 	2.2	(e) 
	 “ERISA Legend”
	  	 	2.2	(b) 
	 “Global Note”
	  	 	2.1	(c) 
	 “Global Notes Legend”
	  	 	2.2	(e) 
	 “IAI Global Note”
	  	 	2.1	(c) 
	 “Original Definitive Notes”
	  	 	2.1	(a) 
	 “Regulation S Global Note”
	  	 	2.1	(c) 
	 “Regulation S Notes”
	  	 	2.1	(a) 
	 “Restricted Notes Legend”
	  	 	2.3	(e) 
	 “Rule 144A Global Note”
	  	 	2.1	(c) 
	 “Rule 144A Notes”
	  	 	2.1	(a) 

 Section 2.1 Form and Dating 
 (a) The Initial Notes issued on the date hereof shall originally be issued to Kraft Foods Inc. as part of a dividend by the Company (“Original Definitive Notes”), and will thereafter
be transferred by Kraft Foods Inc. in connection with the settlement of the exchange offers by the Guarantor to (1) QIBs in reliance on Rule 144A (“Rule 144A Notes”) and (2) Persons other than U.S. persons in reliance
on Regulation S (“Regulation S Notes”). Additional Notes may also be considered to be Rule 144A Notes or Regulation S Notes, as applicable. 
 (b) Original Definitive Notes. The Original Definitive Notes shall be issued initially in the form of one or more certificated notes in definitive, fully registered from, numbered RX-1 upward,
without interest coupons and bearing the Original Definitive Notes Legend, which shall be registered in the name of Kraft Foods Inc., duly executed by the Company and authenticated by the Trustee as provided in the Indenture. In connection with the
settlement of the Kraft Exchange, the Definitive Notes may be exchanged at the direction of Kraft Foods Inc. for interests in the Global Notes and upon the completion of such exchange the Original Definitive Notes shall be cancelled. 

(c) Global Notes. Rule 144A Notes shall be issued initially in the form of one or more permanent global Notes in definitive,
fully registered form, numbered RA-1 upward (collectively, the “Rule 144A Global Note”) and Regulation S Notes shall be issued initially in the form of one or more global Notes, numbered RS-1 upward (collectively, the
“Regulation S Global Note”), in each case without interest coupons and bearing the Global Notes Legend and Restricted Notes Legend, which shall be deposited on behalf of the purchasers of the Notes represented thereby with the
Custodian, and registered in the name of the Depositary or a nominee of the Depositary, duly executed by the Company and authenticated by the Trustee as provided in the Indenture. One or more global Notes in definitive, fully registered form without
interest coupons and bearing the Global Notes Legend and the Restricted Notes Legend, numbered RIAI-1 upward (collectively, the “IAI Global Note”) shall also be issued at the request of the Trustee, deposited with the Custodian, and
registered in the name of the Depositary or a nominee of the Depositary, duly executed by the Company and authenticated by the Trustee as provided in this Indenture to accommodate transfers of beneficial interests in the Notes to IAIs subsequent to
the initial distribution. The Rule 144A Global Note, the IAI Global Note, the Regulation S Global Note and any Unrestricted Global Note are each referred to herein as a “Global Note” and are collectively referred to herein
as “Global Notes.” Each Global Note shall represent such of the outstanding Notes as shall be specified in the “Schedule of Exchanges of Interests in the Global Note” attached thereto and each shall provide that it shall
represent the aggregate principal amount of Notes from time to time endorsed thereon and that the aggregate principal amount of outstanding Notes represented thereby may from time to time be reduced or increased, as applicable, to reflect exchanges
and redemptions. Any endorsement of a Global Note to reflect the amount of any increase or decrease in the aggregate principal amount of outstanding Notes represented thereby shall be made by the Trustee or the Custodian, at the direction of the
Trustee, in accordance with instructions given by the Holder thereof as required by Sections 304 and 305 of this Indenture and Section 2.2(c) of this Appendix A. 

  
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 (d) Book-Entry Provisions. This Section 2.1(d) shall apply only to a Global Note
deposited with or on behalf of the Depositary. 
 The Company shall execute and the Trustee shall, in accordance with this
Section 2.1(d) and Section 303 of this Indenture and pursuant to a Company Order signed by one authorized officer of the Company, authenticate and deliver initially one or more Global Notes that (i) shall be registered in the name of
the Depositary for such Global Note or Global Notes or the nominee of such Depositary and (ii) shall be delivered by the Trustee to such Depositary or pursuant to such Depositary’s instructions or held by the Trustee as Custodian.

 Members of, or participants in, the Depositary (“Agent Members”) shall have no rights under the Indenture
with respect to any Global Note held on their behalf by the Depositary or by the Trustee as Custodian or under such Global Note, and the Depositary may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the
absolute owner of such Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any agent of the Company or the Trustee from giving effect to any written certification, proxy or
other authorization furnished by the Depositary or impair, as between the Depositary and its Agent Members, the operation of customary practices of such Depositary governing the exercise of the rights of a holder of a beneficial interest in any
Global Note. 
 (e) Definitive Notes. Except as provided in Section 2.2 or Section 2.3 of this Appendix A,
owners of beneficial interests in Global Notes shall not be entitled to receive physical delivery of Definitive Notes. 
 Section 2.2
Transfer and Exchange. 
 (a) Transfer and Exchange of Definitive Notes for Definitive Notes. When Definitive
Notes are presented to the Security Registrar with a written request: 
 (i) to register the transfer of
such Definitive Notes; or 
 (ii) to exchange such Definitive Notes for an equal principal amount of
Definitive Notes of other authorized denominations, 
 the Security Registrar shall register the transfer or make the exchange as requested if
its reasonable requirements for such transaction are met; provided, however, that the Definitive Notes surrendered for transfer or exchange: 
 (1) shall be duly endorsed or accompanied by a written instrument of transfer in form reasonably satisfactory to the Company and the Security Registrar, duly executed by the Holder thereof or his
attorney duly authorized in writing; and 
 (2) in the case of Transfer Restricted Notes (other than
Original Definitive Notes), they are being transferred or exchanged pursuant to an effective registration statement under the Securities Act or pursuant to Section 2.2(b) of this Appendix A or otherwise in accordance with the Restricted Notes
Legend, and are accompanied by a certification from the transferor in the form provided on the reverse side of the Form of Note in Exhibit A to the Supplemental Indenture for exchange or registration of transfers and, as applicable, delivery of such
legal opinions, certifications and other information as may be requested pursuant thereto. 
 (b) Restrictions on
Transfer of a Definitive Note for a Beneficial Interest in a Global Note. A Definitive Note may not be exchanged for a beneficial interest in a Global Note except upon satisfaction of the requirements set forth below. Upon receipt by the Trustee
of a Definitive Note, duly endorsed or accompanied by a written instrument of transfer in form reasonably satisfactory to the Company and the Security Registrar, together with: 

(i) in the case of a Definitive Note other than an Original Definitive Note, a certification from the transferor in
the form provided on the reverse side of the Form of Note in Exhibit A to the Supplemental Indenture for exchange or registration of transfers and, as applicable, delivery of such legal opinions, certifications and other information as may be
requested pursuant thereto; and 

  
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 (ii) written instructions directing the Trustee to make, or to direct
the Custodian to make, an adjustment on its books and records with respect to such Global Note to reflect an increase in the aggregate principal amount of the Notes represented by the Global Note, such instructions to contain information regarding
the Depositary account to be credited with such increase, 
 the Trustee shall cancel such Definitive Note and cause, or direct the Custodian to
cause, in accordance with the standing instructions and procedures existing between the Depositary and the Custodian, the aggregate principal amount of Notes represented by the Global Note to be increased by the aggregate principal amount of the
Definitive Note to be exchanged and shall credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Global Note equal to the principal amount of the Definitive Note so canceled. If the
applicable Global Note is not then outstanding, the Company shall issue and the Trustee shall authenticate, upon written order of the Company in the form of an Officers’ Certificate, a new applicable Global Note in the appropriate principal
amount. 
 (c) Transfer and Exchange of Global Notes. 

(i) The transfer and exchange of Global Notes or beneficial interests therein shall be effected through the
Depositary, in accordance with the Indenture (including applicable restrictions on transfer set forth in Section 2.2(d) of this Appendix A, if any) and the procedures of the Depositary therefor. A transferor of a beneficial interest in a Global
Note shall deliver to the Security Registrar a written order given in accordance with the Depositary’s procedures containing information regarding the participant account of the Depositary to be credited with a beneficial interest in such
Global Note, or another Global Note, and such account shall be credited in accordance with such order with a beneficial interest in the applicable Global Note and the account of the Person making the transfer shall be debited by an amount equal to
the beneficial interest in the Global Note being transferred. 
 (ii) If the proposed transfer is a transfer
of a beneficial interest in one Global Note to a beneficial interest in another Global Note, the Security Registrar shall reflect on its books and records the date and an increase in the principal amount of the Global Note to which such interest is
being transferred in an amount equal to the principal amount of the interest to be so transferred, and the Security Registrar shall reflect on its books and records the date and a corresponding decrease in the principal amount of the Global Note
from which such interest is being transferred. 
 (iii) Notwithstanding any other provisions of this
Appendix A (other than the provisions set forth in Section 2.3 of this Appendix A), a Global Note may not be transferred except as a whole and not in part if the transfer is by the Depositary to a nominee of the Depositary or by a nominee of
the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. 

(d) Restrictions on Transfer of Global Notes; Voluntary Exchange of Interests in Transfer Restricted Global Notes for Interests in
Unrestricted Global Notes. 
 (i) Transfers by an owner of a beneficial interest in a Rule 144A Global Note
or an IAI Global Note to a transferee who takes delivery of such interest through another Transfer Restricted Global Note shall be made in accordance with the Applicable Procedures and the Restricted Notes Legend and only upon receipt by the Trustee
of a certification from the transferor in the form provided on the reverse side of the Form of Note in Exhibit A to the Supplemental Indenture for exchange or registration of transfers and, as applicable, delivery of such legal opinions,
certifications and other information as may be requested pursuant thereto. In addition, in the case of a transfer of a beneficial interest in either a Rule 144A Global Note or an interest in an IAI Global Note, the transferee must furnish a
certification or a signed letter in the form provided on the reverse side of the Form of Note in Exhibit A to the Supplemental Indenture to the Trustee. 
 (ii) During the Distribution Compliance Period, beneficial ownership interests in the Regulation S Global Note may only be sold, pledged or transferred through Euroclear or Clearstream in accordance with
the Applicable Procedures, the Restricted Notes Legend on such Regulation S Global Note and any 

  
 A-4

 
applicable securities laws of any state of the United States of America. Prior to the expiration of the Distribution Compliance Period, transfers by an owner of a beneficial interest in the
Regulation S Global Note shall be made only in accordance with the Applicable Procedures and the Restricted Notes Legend and upon receipt by the Trustee of a written certification from the transferor of the beneficial interest in the form provided
on the reverse side of the Form of Note in Exhibit A to the Supplemental Indenture for exchange or registration of transfers and, in the case of a transfer to a transferee who takes delivery of such interest through a Rule 144A Global Note or
an IAI Global Note, the transferee must furnish a certification or a signed letter in the form provided on the reverse side of the Form of Note in Exhibit A to the Supplemental Indenture to the Trustee. Such written certifications or letter shall no
longer be required after the expiration of the Distribution Compliance Period. Upon the expiration of the Distribution Compliance Period, beneficial ownership interests in the Regulation S Global Note shall be transferable in accordance with
applicable law and the other terms of the Indenture. 
 (iii) Upon the expiration of the Distribution Compliance
Period, beneficial interests in the Regulation S Global Note may be exchanged for beneficial interests in an Unrestricted Global Note upon certification in the form provided on the reverse side of the Form of Note in Exhibit A to the
Supplemental Indenture for an exchange from a Regulation S Global Note to an Unrestricted Global Note. 
 (iv)
Beneficial interests in a Transfer Restricted Note that is a Rule 144A Global Note or an IAI Global Note may be exchanged for beneficial interests in an Unrestricted Global Note if the Holder certifies in writing to the Security Registrar that its
request for such exchange is in respect of a transfer made in reliance on Rule 144 (such certification to be in the form set forth on the reverse side of the Form of Note in Exhibit A to the Supplemental Indenture) and/or upon delivery of such legal
opinions, certifications and other information as the Company or the Trustee may reasonably request. 
 (v) If no
Unrestricted Global Note is outstanding at the time of a transfer contemplated by the preceding clauses (iii) and (iv), the Company shall issue and the Trustee shall authenticate, upon written order of the Company in the form of an
Officers’ Certificate, a new Unrestricted Global Note in the appropriate principal amount. 
 (e) Legends.

 (i) Except as permitted by Section 2.2(d), this Section 2.2(e), Section 2.2(i) and
Section 2.2(j) of this Appendix A, each Note certificate evidencing the Global Notes and the Definitive Notes (and all Notes issued in exchange therefor or in substitution thereof) shall bear a legend in substantially the following form (each
defined term in the legend being defined as such for purposes of the legend only) (“Restricted Notes Legend”): 

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED,
SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER 
 (1) REPRESENTS THAT 
 [(A) IT AND ANY ACCOUNT FOR WHICH IT IS
ACTING IS A “QUALIFIED INSTITUTIONAL BUYER” (WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT) AND THAT IT EXERCISES SOLE INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT, OR 

(B) IT IS NOT A U.S. PERSON (WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT) AND][IN THE CASE OF RULE 144A
AND REGULATION S NOTES] 

  
 A-5

 [IT IS AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING
OF RULE 501(a)(1), (2), (3) OR (7) UNDER THE SECURITIES ACT THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AND THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER INSTITUTIONAL ACCREDITED INVESTOR, IN EACH CASE IN A MINIMUM
PRINCIPAL AMOUNT OF SECURITIES OF $250,000, AND][IN THE CASE IAI GLOBAL NOTES] 
 (2) AGREES FOR THE BENEFIT OF KRAFT FOODS
GROUP, INC. THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER THIS NOTE OR ANY BENEFICIAL INTEREST HEREIN, EXCEPT IN ACCORDANCE WITH THE SECURITIES ACT AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND ONLY

 (A) TO KRAFT FOODS GROUP, INC., 

(B) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT, 

(C) TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, 

(D) IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, 

(E) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR
(7) UNDER THE SECURITIES ACT THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AND THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER INSTITUTIONAL ACCREDITED INVESTOR, IN EACH CASE IN A MINIMUM PRINCIPAL AMOUNT OF SECURITIES OF
$250,000, OR 
 (F) PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OR
ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 
 PRIOR TO THE REGISTRATION OF ANY
TRANSFER IN ACCORDANCE WITH (2)(C) ABOVE OR (2)(D) ABOVE, A DULY COMPLETED AND SIGNED CERTIFICATE (THE FORM OF WHICH MAY BE OBTAINED FROM THE TRUSTEE) MUST BE DELIVERED TO THE TRUSTEE. PRIOR TO THE REGISTRATION OF ANY TRANSFER IN
ACCORDANCE WITH (F) ABOVE, KRAFT FOODS GROUP, INC. RESERVES THE RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL OPINIONS, CERTIFICATIONS OR OTHER EVIDENCE AS MAY REASONABLY BE REQUIRED IN ORDER TO DETERMINE THAT THE PROPOSED TRANSFER IS BEING MADE
IN COMPLIANCE WITH THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF ANY RULE 144 EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 

Each Definitive Note shall bear the following additional legend (“Definitive Notes Legend”): 

IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE SECURITY REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER
INFORMATION AS SUCH SECURITY REGISTRAR AND TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 
 Each Global Note shall bear the following additional legend (“Global Notes Legend”): 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & 

  
 A-6

 
CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), 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. 

TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR
THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 

Each Note shall bear the following additional legend (“ERISA Legend”): 

BY ITS ACQUISITION OF THIS SECURITY OR ANY INTEREST HEREIN, THE HOLDER THEREOF WILL BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT
EITHER (1) NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD THIS SECURITY CONSTITUTES THE ASSETS OF AN EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO TITLE I OF THE U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED
(“ERISA”), OF A PLAN, INDIVIDUAL RETIREMENT ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) OR PROVISIONS UNDER ANY OTHER FEDERAL, STATE, LOCAL,
NON-U.S. OR OTHER LAWS OR REGULATIONS THAT ARE SIMILAR TO SUCH PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAWS”), OR OF AN ENTITY WHOSE UNDERLYING ASSETS ARE CONSIDERED TO INCLUDE “PLAN ASSETS” OF ANY SUCH PLAN, ACCOUNT OR
ARRANGEMENT, OR (2) THE ACQUISITION AND HOLDING OF THIS SECURITY OR ANY INTEREST HEREIN WILL NOT CONSTITUTE A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A SIMILAR VIOLATION UNDER ANY APPLICABLE
SIMILAR LAWS. 
 (ii) Upon any sale or transfer of a Transfer Restricted Note that is a Definitive Note, the
Security Registrar shall permit the Holder thereof to exchange such Transfer Restricted Note for a Definitive Note that does not bear the Restricted Notes Legend and the Definitive Notes Legend and rescind any restriction on the transfer of such
Transfer Restricted Note if the Holder certifies in writing to the Security Registrar that its request for such exchange is in respect of a transfer made in reliance on Rule 144 (such certification to be in the form set forth on the reverse
side of the Form of Note in Exhibit A to the Supplemental Indenture) and provides such legal opinions, certifications and other information as the Company or the Trustee may reasonably request. 

(iii) After a transfer of any Initial Notes or Additional Notes during the period of the effectiveness of a Shelf
Registration Statement (as defined in the Registration Rights Agreement) with respect to such Initial Notes or Additional Notes, as the case may be, all requirements pertaining to the Restricted Notes Legend on such Initial Notes or Additional Notes
shall cease to apply and the requirements that any such Initial Notes or Additional Notes be issued in global form shall continue to apply. 
 (iv) Upon the consummation of an Exchange Offer with respect to the Initial Notes or Additional Notes pursuant to which Holders of such Initial Notes or Additional Notes are offered Exchange Notes in
exchange for their Initial Notes or Additional Notes, all requirements pertaining to Initial Notes or Additional Notes that Initial Notes or Additional Notes be issued in global form shall continue to apply, and Exchange Notes in global form without
the Restricted Notes Legend shall be available to Holders that exchange such Initial Notes or Additional Notes in such Exchange Offer. 
 (v) Any Additional Notes sold in a registered offering shall not be required to bear the Restricted Notes Legend. 

  
 A-7

 (f) Cancellation or Adjustment of Global Note. At such time as all beneficial
interests in a Global Note have either been exchanged for Definitive Notes, transferred in exchange for an interest in another Global Note, redeemed, repurchased or canceled, such Global Note shall be returned by the Depositary to the Trustee for
cancellation or retained and canceled by the Trustee. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for Definitive Notes, transferred in exchange for an interest in another Global Note, redeemed,
repurchased or canceled, the principal amount of Notes represented by such Global Note shall be reduced and an adjustment shall be made on the books and records of the Trustee (if it is then the Custodian for such Global Note) with respect to such
Global Note, by the Trustee or the Custodian, to reflect such reduction. 
 (g) Obligations with Respect to Transfers
and Exchanges of Notes. 
 (i) To permit registrations of transfers and exchanges, the Company shall
execute and the Trustee shall authenticate, Definitive Notes and Global Notes at the Security Registrar’s request. 
 (ii) No service charge shall be made for any registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any transfer tax, assessments, or similar governmental
charge payable in connection therewith (other than any such transfer taxes, assessments or similar governmental charge payable upon exchanges pursuant to Sections 304, 305, 306, 906 and 1107 of the Base Indenture). 

(iii) Prior to the due presentation for registration of transfer of any Note, the Company, the Trustee, the Paying Agent
or the Security Registrar may deem and treat the person in whose name a Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal, premium, if any, and interest on such Note and for all other purposes
whatsoever, whether or not such Note is overdue, and none of the Company, the Trustee, the Paying Agent or the Security Registrar shall be affected by notice to the contrary. 

(iv) All Notes issued upon any transfer or exchange pursuant to the terms of this Indenture shall evidence the same
debt and shall be entitled to the same benefits under this Indenture as the Notes surrendered upon such transfer or exchange. 
 (v) In order to effect any transfer or exchange of an interest in any Transfer Restricted Note for an interest in a Note that does not bear the Restricted Notes Legend and has not been registered
under the Securities Act, if the Security Registrar so requests or if the Applicable Procedures so require, an Opinion of Counsel, in form reasonably acceptable to the Security Registrar to the effect that no registration under the Securities Act is
required in respect of such exchange or transfer or the re-sale of such interest by the beneficial holder thereof, shall be required to be delivered to the Security Registrar and the Trustee. 

(h) No Obligation of the Trustee. 
 (i) The Trustee shall have no responsibility or obligation to any beneficial owner of a Global Note, a member of, or a participant in the Depositary or any other Person with respect to the accuracy
of the records of the Depositary or its nominee or of any participant or member thereof, with respect to any ownership interest in the Notes or with respect to the delivery to any participant, member, beneficial owner or other Person (other than the
Depositary) of any notice (including any notice of redemption or repurchase) or the payment of any amount, under or with respect to such Notes. All notices and communications to be given to the Holders and all payments to be made to Holders under
the Notes shall be given or made only to the registered Holders (which shall be the Depositary or its nominee in the case of a Global Note). The rights of beneficial owners in any Global Note shall be exercised only through the Depositary subject to
the applicable rules and procedures of the Depositary. The Trustee may conclusively rely and shall be fully protected in conclusively relying upon information furnished by the Depositary with respect to its members, participants and any beneficial
owners. 
 (ii) The Trustee shall have no obligation or duty to monitor, determine or inquire as to
compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among Depositary participants,

  
 A-8

 
members or beneficial owners in any Global Note) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when
expressly required by, the terms of this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof. 
 (iii) Neither the Trustee nor any Agent shall have any responsibility or liability for any actions taken or not taken by the Depositary. 

(i) Exchange Offer. Upon the occurrence of the Exchange Offer in accordance with the Registration Rights Agreement, the Company
shall issue and, upon receipt of a Company Order in accordance with Section 303 of the Base Indenture, the Trustee shall authenticate (i) one or more Global Notes without the Restricted Notes Legend in an aggregate principal amount equal
to the principal amounts of the beneficial interests in the Global Notes tendered for acceptance by Persons that provide in the applicable letters of transmittal such certifications as are required by the Registration Rights Agreement and applicable
law, and accepted for exchange in the Exchange Offer and (ii) Definitive Notes without the Restricted Notes Legend in an aggregate principal amount equal to the principal amount of the Definitive Notes tendered for acceptance by Persons that
provide in the applicable letters of transmittal such certification as are required by the Registration Rights Agreement and applicable law, and accepted for exchange in the Exchange Offer. Concurrently with the issuance of such Notes, the Trustee
shall cause the aggregate principal amount of the applicable Global Notes with the Restricted Notes Legend to be reduced accordingly, and the Company shall execute and the Trustee shall authenticate and mail to the Persons designated by the Holders
of the Definitive Notes so accepted Definitive Notes without the Restricted Notes Legend in the applicable principal amount. Any Notes that remain outstanding after the consummation of the Exchange Offer, and Exchange Notes issued in connection with
the Exchange Offer, shall be treated as a single class of securities under this Indenture. 
 Section 2.3 Definitive Notes.

 (a) A Global Note deposited with the Depositary or with the Trustee as Custodian pursuant to Section 2.1 or issued
in connection with an Exchange Offer may be transferred to the beneficial owners thereof in the form of Definitive Notes in an aggregate principal amount equal to the principal amount of such Global Note, in exchange for such Global Note, only if
such transfer complies with Section 2.2 of this Appendix A and (i) the Depositary notifies the Company that it is unwilling or unable to continue as a Depositary for such Global Note or if at any time the Depositary ceases to be a
“clearing agency” registered under the Exchange Act and, in each case, a successor depositary is not appointed by the Company within 90 days of such notice or after the Company becomes aware of such cessation, or (ii) an Event of
Default has occurred and is continuing and the Security Registrar has received a request from the Depository. In addition, any Affiliate of the Company or any Guarantor that is a beneficial owner of all or part of a Global Note may have such
Affiliate’s beneficial interest transferred to such Affiliate in the form of a Definitive Note by providing a written request to the Company and the Trustee and such Opinions of Counsel, certificates or other information as may be required by
this Indenture or the Company or Trustee. 
 (b) Any Global Note that is transferable to the beneficial owners thereof
pursuant to this Section 2.3 shall be surrendered by the Depositary to the Trustee, to be so transferred, in whole or from time to time in part, without charge, and the Trustee shall authenticate and deliver, upon such transfer of each portion
of such Global Note, an equal aggregate principal amount of Definitive Notes of authorized denominations. Any portion of a Global Note transferred pursuant to this Section 2.3 shall be executed, authenticated and delivered only in denominations
of $2,000 and integral multiples of $1,000 in excess thereof and registered in such names as the Depositary shall direct. Any Definitive Note delivered in exchange for an interest in a Global Note that is a Transfer Restricted Note shall, except as
otherwise provided by Section 2.2(e) of this Appendix A, bear the Restricted Notes Legend. 
 (c) The registered Holder
of a Global Note may grant proxies and otherwise authorize any Person, including Agent Members and Persons that may hold interests through Agent Members, to take any action which a Holder is entitled to take under this Indenture or the Notes.

 (d) In the event of the occurrence of any of the events specified in Section 2.3(a) of this Appendix A, the Company
shall promptly make available to the Trustee a reasonable supply of Definitive Notes in fully registered form without interest coupons. 

  
 A-9

 Exhibit A-1 

Form of Note representing the 2018 Notes 
 No. [RA-•] 
 KRAFT FOODS GROUP, INC. 

6.125% NOTE DUE 2018 
 representing 
 $[•] 
 CUSIP No. [•] 
 [RESTRICTED NOTES ONLY][THIS NOTE HAS NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST
HEREIN, THE ACQUIRER 
 (1) REPRESENTS THAT 

(A) IT AND ANY ACCOUNT FOR WHICH IT IS ACTING IS A “QUALIFIED INSTITUTIONAL BUYER” (WITHIN THE MEANING OF RULE
144A UNDER THE SECURITIES ACT) AND THAT IT EXERCISES SOLE INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT, OR 
 (B) IT IS NOT A U.S. PERSON (WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT) AND 
 (2) AGREES FOR THE BENEFIT OF KRAFT FOODS GROUP, INC. THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER THIS NOTE OR ANY BENEFICIAL INTEREST HEREIN, EXCEPT IN ACCORDANCE WITH THE SECURITIES ACT
AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND ONLY 
 (A) TO KRAFT FOODS GROUP, INC.,

 (B) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT, 

(C) TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, 

(D) IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, 

(E) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR
(7) UNDER THE SECURITIES ACT THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AND THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER INSTITUTIONAL ACCREDITED INVESTOR, IN EACH CASE IN A MINIMUM PRINCIPAL AMOUNT OF SECURITIES OF
$250,000, OR 
 (F) PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OR
ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 

 PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH (2)(C) ABOVE OR
(2)(D) ABOVE, A DULY COMPLETED AND SIGNED CERTIFICATE (THE FORM OF WHICH MAY BE OBTAINED FROM THE TRUSTEE) MUST BE DELIVERED TO THE TRUSTEE. PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH (F) ABOVE, KRAFT FOODS GROUP, INC.
RESERVES THE RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL OPINIONS, CERTIFICATIONS OR OTHER EVIDENCE AS MAY REASONABLY BE REQUIRED IN ORDER TO DETERMINE THAT THE PROPOSED TRANSFER IS BEING MADE IN COMPLIANCE WITH THE SECURITIES ACT AND APPLICABLE
STATE SECURITIES LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF ANY RULE 144 EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.] 
 [GLOBAL NOTES ONLY][UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR
ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), 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. 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT
NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE
REFERRED TO ON THE REVERSE HEREOF.] 
 BY ITS ACQUISITION OF THIS SECURITY OR ANY INTEREST HEREIN, THE HOLDER THEREOF WILL BE
DEEMED TO HAVE REPRESENTED AND WARRANTED THAT EITHER (1) NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD THIS SECURITY OR ANY INTEREST HEREIN CONSTITUTES THE ASSETS OF AN EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO TITLE I OF THE
U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OF A PLAN, INDIVIDUAL RETIREMENT ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE
“CODE”) OR PROVISIONS UNDER ANY OTHER FEDERAL, STATE, LOCAL, NON-U.S. OR OTHER LAWS OR REGULATIONS THAT ARE SIMILAR TO SUCH PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAWS”), OR OF AN ENTITY WHOSE UNDERLYING ASSETS ARE CONSIDERED
TO INCLUDE “PLAN ASSETS” OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT, OR (2) THE ACQUISITION AND HOLDING OF THIS SECURITY OR ANY INTEREST HEREIN WILL NOT CONSTITUTE A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE OR A SIMILAR VIOLATION UNDER ANY APPLICABLE SIMILAR LAWS. 
 KRAFT FOODS GROUP, 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 [Original Definitive Note: Kraft Foods
Inc.][Global Notes: Cede & Co.] or registered assigns, the principal sum of $[•] [in the case of a Global Note: (or such other amount as may be reflected on the schedule of exchanges of interest in the global note
attached hereto)] on August 23, 2018, and to pay interest thereon from July 18, 2012 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semiannually on February 23 and August 23,
in each year, commencing August 23, 2012, at the rate of 6.125% per annum until the principal hereof is paid or made available for payment. 
 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 February 8 or August 8 (whether or not a Business Day), as the case may be, next preceding such Interest Payment
Date. Any such interest 

  
 - 2 -

 
not so punctually paid or duly provided for shall forthwith cease to be payable to the Holders 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. 
 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 as at the time of payment is legal tender for payment of public and private
debts; 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 to an
account maintained by the payee at a bank located in the United States. All payments of principal and interest in respect of this Note will be made by the Company in immediately available funds. 

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. 
 Signature Page Follows 

  
 - 3 -

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

			
	KRAFT FOODS GROUP, INC.
		
	By:	 	 
	Name:	 	
	Title:	 	

  

			
	Attest:
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 - 4 -

 CERTIFICATE OF AUTHENTICATION 

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

Dated: [•]. 
  

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 - 5 -

 (Reverse of Note) 
 KRAFT FOODS GROUP, 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 $1,034,657,000 (except as provided in
the Indenture hereinafter mentioned), all such Securities issued and to be issued under an Indenture dated as of June 4, 2012 between the Company and Deutsche Bank Trust Company Americas, as Trustee (the “Base Indenture”), as
supplemented by Supplemental Indenture No. 2, dated as of July 18, 2012, among the Company, Kraft Foods Inc. (the “Guarantor”) and the Trustee (the “Supplemental Indenture” and together with the Base Indenture, 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 6.125% Notes due 2018 (the “Notes”). 
 The Company may, without the consent of the Holders of the Notes,
issue additional Notes having the same ranking and the same interest rate, maturity and other terms as the Notes, except for the issue price, issue date and, in some cases, the first payment of interest or interest accruing prior to the issue date
of such additional Notes. Any additional Notes having such similar terms, together with the Notes, shall constitute a single series of notes under the Indenture. No additional Notes may be issued if an Event of Default has occurred with respect to
the Notes. 
 Guarantee 
 Pursuant to Article Fourteen of the Base Indenture, the Guarantor hereby agrees that it shall provide a Guarantee on a senior unsecured basis of the Company’s obligations under the Indenture with
respect to the Notes. The Guarantor shall be automatically and unconditionally released and discharged from all obligations under the Indenture and the Guarantee without any action required on the part of the Trustee or any Holder pursuant to
Section 3.02 of the Supplemental Indenture. 
 Change of Control 

If a Change of Control Triggering Event (as defined below) occurs, unless the Company has exercised its right to redeem the Notes, Holders
may require the Company to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of their Notes pursuant to an offer (the “Change of Control Offer”) of payment in cash equal to 101% of the
aggregate principal amount of Notes repurchased plus accrued and unpaid interest, if any, on the Notes repurchased, to the date of purchase (the “Change of Control Payment”). Within 30 days following any Change of Control Triggering Event,
the Company will mail a notice to Holders describing the transaction or transactions that constitute the Change of Control Triggering Event and offering to repurchase the Notes on the date specified in the notice, which date will be no earlier than
30 days and no later than 60 days from the date such notice is mailed (the “Change of Control Payment Date”), pursuant to the procedures described in such notice. The Company must comply with the requirements of Rule 14e-1 under the
Securities Exchange Act of 1934 (the “Exchange Act”) and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of
Control Triggering Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control provisions of the Notes, the Company will comply with the applicable securities laws and regulations and will not
be deemed to have breached its obligations under the Change of Control provisions of the Notes by virtue of such conflicts. 

  
 - 6 -

 On the Change of Control Payment Date, the Company will, to the extent lawful: 

 

	 	•	 	 accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer; 

 

	 	•	 	 deposit with the paying agent an amount equal to the Change of Control Payment in respect of all Notes or portions of Notes properly tendered; and

  

	 	•	 	 deliver or cause to be delivered to the Trustee the Notes properly accepted together with an officers’ certificate stating the aggregate principal
amount of Notes or portions of Notes being purchased. 

 The paying agent will promptly mail to each Holder of
notes properly tendered the purchase price for the Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Note equal in principal amount to any unpurchased portion of any Notes
surrendered; provided that each new Note will be in a principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. 
 The Company will not be required to make an offer to repurchase the Notes upon a Change of Control Triggering Event if a third party makes such an offer in the manner, at the times and otherwise in
compliance with the requirements for an offer made by the Company and such third party purchases all Notes properly tendered and not withdrawn under its offer. 
 For purposes of the foregoing discussion of a repurchase at the option of Holders, the following definitions are applicable: 

“Below Investment Grade Rating Event” means the Notes are rated below an Investment Grade Rating by each of the
Rating Agencies (as defined below) on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of the Change of Control (which
60-day period shall be extended so long as the rating of the Notes is under publicly announced consideration for possible downgrade by any of the Rating Agencies); provided that a below investment grade rating event otherwise arising by
virtue of a particular reduction in rating shall not be deemed to have occurred in respect to a particular Change of Control (and thus shall not be deemed a below investment grade rating event for purposes of the definition of Change of Control
Triggering Event hereunder) if the rating agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the Trustee in writing at its request that the reduction was the result,
in whole or in part, of any event or circumstance comprising or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the below investment grade
rating event). 
 “Change of Control” means the occurrence of any of the following: (1) the direct
or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the Company and its subsidiaries taken
as a whole to any Person or group of related persons for purposes of Section 13(d) of the Exchange Act (a “Group”) other than the Company or one of its subsidiaries, and other than the Internal Reorganization; (2) the approval by
the holders of the Company’s common stock of any plan or proposal for the liquidation or dissolution of the Company (whether or not otherwise in compliance with the provisions of the indenture); (3) the consummation of any transaction
(including, without limitation, any merger or consolidation) the result of which is that any Person or Group becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares of the Company’s voting
stock; or (4) the first day on which a majority of the members of the Company’s Board of Directors are not Continuing Directors. 
 “Change of Control Triggering Event” means the occurrence of both a Change of Control and a Below Investment Grade Rating Event. 

“Continuing Directors” means, as of any date of determination, any member of the Board of Directors of the
Company who (1) was a member of such Board of Directors on the date of the issuance of the Notes; or (2) was nominated for election or elected to such Board of Directors with the approval of a

  
 - 7 -

 
majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination or election (either by a specific vote or by approval of the Company’s proxy
statement in which such member was named as a nominee for election as a director, without objection to such nomination). 
 “Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, respectively. 

“Moody’s” means Moody’s Investors Service, Inc. 

“Person” has the meaning set forth in the indenture and includes a “person” as used in
Section 13(d)(3) of the Exchange Act. 
 “Rating Agencies” means (1) each of Moody’s and
S&P and (2) if any of Moody’s or S&P ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating
organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act, selected by the Company (as certified by a resolution of the Company’s Board of Directors) as a replacement agency for Moody’s or S&P, or both of
them, as the case may be. 
 “S&P” means Standard & Poor’s Ratings Services, a
division of The McGraw-Hill Companies, Inc. 
 Payment of Additional Amounts 

Section 1010 of the Base Indenture shall be applicable to the Notes, except that the term “Holder,” when used in
Section 1010 of the Base Indenture, shall mean the beneficial owner of a Note or any person holding on behalf or for the account of the beneficial owner of a Note. 
 Redemption for Tax Reasons 
 The Company may redeem the Notes prior to
maturity in whole, but not in part, on not more than 60 days’ notice and not less than 30 days’ notice at a redemption price equal to the principal amount of such Notes plus any accrued interest and additional amounts to the date fixed for
redemption if: 
  

	 	•	 	 as a result of a change in or amendment to the tax laws, regulations or rulings of the United States or any political subdivision or taxing authority
of or in the United States or any change in official position regarding the application or interpretation of such laws, regulations or rulings (including a holding by a court of competent jurisdiction in the United States) that is announced or
becomes effective on or after July 18, 2012, the Company has or will become obligated to pay additional amounts with respect to such series of Notes as described in Section 1010 of the Base Indenture, or 

 

	 	•	 	 on or after July 18, 2012, any action is taken by a taxing authority of, or any decision has been rendered by a court of competent jurisdiction
in, the United States or any political subdivision of or in the United States, including any of those actions specified above, whether or not such action was taken or decision was rendered with respect to the Company, or any change, amendment,
application or interpretation is officially proposed, which, in any such case, in the written opinion of independent legal counsel of recognized standing, will result in a material probability that the Company will become obligated to pay additional
amounts with respect to such series of Notes, and the Company, in its business judgment, determines that such obligations cannot be avoided by the use of reasonable measures available to the Company. 

If the Company exercises its option to redeem the Notes, the Company will deliver to the Trustee a certificate signed by an authorized
officer stating that it is entitled to redeem the Notes and an opinion of independent tax counsel to the effect that the circumstances described in the above bullets exist. 

  
 - 8 -

 Payment of Additional Interest 

The Company shall pay all Additional Interest, if any, in the same manner and on the same dates as interest at the rate stated herein and
in the amounts set forth in the Registration Rights Agreement. 
 For purposes of the foregoing discussion of additional
interest, the following definitions are applicable: 
 “Additional Interest” means all interest payable
as a consequence of the failure to effectuate in a timely manner the Exchange Offer and/or shelf registration procedures set for in the Registration Rights Agreement. 

“Registration Rights Agreement” means (i) the registration rights agreement, dated as of July 18, 2012
among the Company, the Guarantor, and the dealer managers party thereto and (ii) with respect to any additional Notes, one or more substantially similar registration rights agreements among the Company and the other parties thereto, as such
agreements may be amended from time to time. 
 Reports 
 For so long as any Notes are outstanding, the Company will furnish to Holders and prospective purchasers of the Notes, upon their request, the information required to be delivered pursuant to Rule
144A(d)(4) under the Securities Act of 1933, as amended (the “Securities Act”). The requirements set forth in this paragraph may be satisfied by delivering such information to the Trustee and posting copies of such information on a website
(which may be nonpublic and may be maintained by the Company or a third party, provided, that the Trustee will have no responsibility to determine if such posting has occurred) to which access will be given to Holders and prospective
purchasers of the Notes (which prospective purchasers will be limited to “qualified institutional buyers” within the meaning of Rule 144A of the Securities Act or non-U.S. persons (as defined in Regulation S under the Securities Act) that
certify their status as such to the reasonable satisfaction of the Company. 
 Defeasance 

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. 
 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 Obligations sufficient to pay and discharge the entire indebtedness on a the Indenture. 

Events of Default 
 If an
Event of Default (other than an Event of Default described in Section 501(4) or 501(5) of the Base 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) of the Base Indenture 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 and with the effect provided
in the Indenture without any declaration or other act by the Trustee or any Holder. 
 Amendments 

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 

  
 - 9 -

 
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. 
 Payment 
 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 interest on this Note at the times, place and rate, and in the coin or currency, herein and in the Indenture
prescribed. 
 Transfer, Registration and Exchange 
 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 due or 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 $2,000 and any multiple of $1,000 in excess thereof. 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. 
 The Notes are
not subject to a sinking fund. 
 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. 

  
 - 10 -

 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 
  
  

to transfer the said Note on the books of Kraft Foods Group, 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.

  
 - 11 -

 CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR 

REGISTRATION OF TRANSFERS OF TRANSFER RESTRICTED NOTES1 
 This certificate relates to $            principal amount of Notes held in (check applicable space)
            book-entry or              definitive form by the undersigned. 

The undersigned (check one box below): 
 has requested the Trustee by written order to deliver in exchange for its beneficial interest in a Global Note held by the Depositary a Note or Notes in definitive, registered form of authorized
denominations and an aggregate principal amount equal to its beneficial interest in such Global Note (or the portion thereof indicated above) in accordance with the Indenture; or 

has requested the Trustee by written order to exchange or register the transfer of a Note or Notes. 

In connection with any transfer of any of the Notes evidenced by this certificate, the undersigned confirms that such Notes are being
transferred in accordance with its terms: 
 CHECK ONE BOX BELOW 

 

	 	(1)	to the Company or subsidiary thereof; or 

  

	 	(2)	to the Registrar for registration in the name of the Holder, without transfer; or 

 

	 	(3)	pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “Securities Act”); or 

 

	 	(4)	to a Person that the undersigned reasonably believes is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act
(“Rule 144A”)) that purchases for its own account or for the account of a qualified institutional buyer and to whom notice is given that such transfer is being made in reliance on Rule 144A, in each case pursuant to and in
compliance with Rule 144A; or 

  

	 	(5)	pursuant to offers and sales to non-U.S. persons that occur outside the United States of America within the meaning of Regulation S under the Securities Act (and if the
transfer is being made prior to the expiration of the Distribution Compliance Period, the Notes shall be held immediately thereafter through Euroclear or Clearstream); or 

 

	 	(6)	to an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act) that has furnished to the Trustee
a signed letter in the form provided on the reverse side of such Notes; or 

  

	 	(7)	pursuant to Rule 144 under the Securities Act; or 

  

	 	(8)	pursuant to another available exemption from registration under the Securities Act. 

 

	1 	 This certificate shall not be included as part of the Original Definitive Notes. 

  
 - 12 -

 Unless one of the boxes is checked, the Trustee will refuse to register any of the Notes
evidenced by this certificate in the name of any Person other than the registered Holder thereof; provided, however, that if box (7) or (8) is checked, the Company or the Trustee may require, prior to registering any
such transfer of the Notes, such legal opinions, certifications and other information as the Company or the Trustee has reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject
to, the registration requirements of the Securities Act. 
  

							
		 		 	 
		 		 	Your Signature
			
	
Date:                       
                          
	 		 	 
		 		 	 Signature of Signature
 Guarantor

 TO BE COMPLETED BY PURCHASER IF (4) ABOVE IS CHECKED. 

The undersigned represents and warrants that it is purchasing this Note for its own account or an account with respect to which it
exercises sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A, and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges
that it has received such information regarding the Company as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon the undersigned’s
foregoing representations in order to claim the exemption from registration provided by Rule 144A. 
  

							
	Dated:                            
                     	 		 	 
		 		 	NOTICE:	 	 To be executed by
 an executive
officer

		 		 	Name:	 	
		 		 	Title:	 	

  
 Signature
Guarantee*:                                       
                                         
   
  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 - 13 -

 TO BE COMPLETED IF THE HOLDER REQUIRES AN EXCHANGE FROM A 

REGULATION S GLOBAL NOTE TO AN UNRESTRICTED GLOBAL NOTE, 

PURSUANT TO SECTION 2.2(d)(iii) OF APPENDIX A TO THE INDENTURE2 

The undersigned represents and warrants that either: 
 the undersigned is not a dealer (as defined in the Securities Act) and is a non-U.S. person (within the meaning of Regulation S under the Securities Act); or 

the undersigned is not a dealer (as defined in the Securities Act) and is a U.S. person (within the meaning of Regulation S under the
Securities Act) who purchased interests in the Notes pursuant to an exemption from, or in a transaction not subject to, the registration requirements under the Securities Act; or 

the undersigned is a dealer (as defined in the Securities Act) and the interest of the undersigned in this Note does not constitute the
whole or a part of an unsold allotment to or subscription by such dealer for the Notes. 
  

							
	Dated:                            
                         	 		 	 
		 		 	Your Signature

  

	2 	 Include only for Regulation S Global Notes. 

  
 - 14 -

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have all or part of this Note purchased by the Company pursuant to Change of Control, state the amount you elect
to have purchased: 
  

					
			
	$                        	 		 	 (integral multiples of $1,000, 
 provided that the unpurchased
 portion must be in a minimum

principal amount of $2,000)

Date:                     
             
  

					
	Your Signature:	 	 
		 		 	(Sign exactly as your name appears on the face of this Note)
	Tax Identification No.:	 	 

 Signature
Guarantee*:                                       
                                         
                               

 

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 - 15 -

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 

The initial outstanding principal amount of this Global Note is
$            . The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or
Definitive Note for an interest in this Global Note, have been made: 
  

									
	 Date of Exchange
	  	Amount of decrease
in Principal Amount of this
Global Note	  	Amount of
increase
in Principal
Amount of
this
Global Note	  	Principal
Amount of
this Global
Note
following
such
decrease or
increase	  	Signature of authorized
signatory of Trustee,
Depositary or
Custodian

 
  

	*	This schedule should be included only if the Note is issued in global form. 

  
 - 16 -

 FORM OF 

TRANSFEREE LETTER OF REPRESENTATION3 
 Kraft Foods
Group, Inc. 
 Three Lakes Drive 

Northfield, IL 60093 
 Fax No.:
(847) 646-3173 
 Email: Darin.Aprati@kraftfoods.com 
 Attention: Treasurer 
 Ladies and Gentlemen: 

This certificate is delivered to request a transfer of $[            ]
principal amount of the 6.125% Senior Notes due 2018 (the “Notes”) of Kraft Foods Group, Inc. (the “Company”). 
 Upon transfer, the Notes would be registered in the name of the new beneficial owner as follows: 
 Name:                                
                              

Address:                     
                                     

Taxpayer ID
Number:                                     

The undersigned represents and warrants to you that: 
 1. We are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act of 1933, as amended (the “Securities Act”)),
purchasing for our own account or for the account of such an institutional “accredited investor” at least $250,000 principal amount of the Notes, and we are acquiring the Notes, for investment purposes and not with a view to, or for offer
or sale in connection with, any distribution in violation of the Securities Act. We have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of our investment in the Notes, and we
invest in or purchase securities similar to the Notes in the normal course of our business. We, and any accounts for which we are acting, are each able to bear the economic risk of our or its investment. 

2. We understand that the Notes have not been registered under the Securities Act and, unless so registered, may not be sold except as
permitted in the following sentence. We agree on our own behalf and on behalf of any investor account for which we are purchasing Notes to offer, sell or otherwise transfer such Notes prior to the date that is one year after the later of the date of
original issue and the last date on which the Company or any affiliate of the Company was the owner of such Notes (or any predecessor thereto) (the “Resale Restriction Termination Date”) only in accordance with the Restricted Notes
Legend (as such term is defined in the supplemental indenture under which the Notes were issued) on the Notes and any applicable securities laws of any state of the United States of America. The foregoing restrictions on resale will not apply
subsequent to the Resale Restriction Termination Date. If any resale or other transfer of the Notes is proposed to be made pursuant to clause 2.2(d)(ii) of Appendix A to the supplemental indenture under which the Notes were issued prior to the
Resale Restriction Termination Date, the transferor shall deliver a letter from the transferee substantially in the form of this letter to the Company and the Trustee, which shall provide, among other things, that the transferee is an institutional
“accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act and that it is acquiring such Notes for investment purposes and not for distribution in violation of the Securities Act.
Each purchaser acknowledges that the Company and the Trustee reserve the right prior to the offer, sale or other transfer prior to the Resale Restriction Termination Date of the Notes with respect to applicable transfers described in the Restricted
Notes Legend to require the delivery of an opinion of counsel, certifications and/or other information satisfactory to the Company and the Trustee. 
  

 

	3 	 This certificate shall not be included as part of the Original Definitive Notes. 

  
 - 17 -

TRANSFEREE:                 
                                         
       , 

by:                   
                                         
                          

  
 - 18 -

 Exhibit A-2 

Form of Note representing the 2020 Notes 
 No. [RA-•] 
 KRAFT FOODS GROUP, INC. 

5.375% NOTE DUE 2020 
 representing 
 $[•] 
 CUSIP No. [•] 
 [RESTRICTED NOTES ONLY][THIS NOTE HAS NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST
HEREIN, THE ACQUIRER 
 (1) REPRESENTS THAT 

(A) IT AND ANY ACCOUNT FOR WHICH IT IS ACTING IS A “QUALIFIED INSTITUTIONAL BUYER” (WITHIN THE MEANING OF RULE
144A UNDER THE SECURITIES ACT) AND THAT IT EXERCISES SOLE INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT, OR 
 (B) IT IS NOT A U.S. PERSON (WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT) AND 
 (2) AGREES FOR THE BENEFIT OF KRAFT FOODS GROUP, INC. THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER THIS NOTE OR ANY BENEFICIAL INTEREST HEREIN, EXCEPT IN ACCORDANCE WITH THE SECURITIES ACT
AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND ONLY 
 (A) TO KRAFT FOODS GROUP, INC.,

 (B) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT, 

(C) TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, 

(D) IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, 

(E) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR
(7) UNDER THE SECURITIES ACT THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AND THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER INSTITUTIONAL ACCREDITED INVESTOR, IN EACH CASE IN A MINIMUM PRINCIPAL AMOUNT OF SECURITIES OF
$250,000, OR 
 (F) PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OR
ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 

 PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH
(2)(C) ABOVE OR (2)(D) ABOVE, A DULY COMPLETED AND SIGNED CERTIFICATE (THE FORM OF WHICH MAY BE OBTAINED FROM THE TRUSTEE) MUST BE DELIVERED TO THE TRUSTEE. PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH (F) ABOVE, KRAFT
FOODS GROUP, INC. RESERVES THE RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL OPINIONS, CERTIFICATIONS OR OTHER EVIDENCE AS MAY REASONABLY BE REQUIRED IN ORDER TO DETERMINE THAT THE PROPOSED TRANSFER IS BEING MADE IN COMPLIANCE WITH THE SECURITIES ACT
AND APPLICABLE STATE SECURITIES LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF ANY RULE 144 EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.] 

[GLOBAL NOTES ONLY][UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY,
A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), 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. 

TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR
TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.]

 BY ITS ACQUISITION OF THIS SECURITY OR ANY INTEREST HEREIN, THE HOLDER THEREOF WILL BE DEEMED TO HAVE
REPRESENTED AND WARRANTED THAT EITHER (1) NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD THIS SECURITY OR ANY INTEREST HEREIN CONSTITUTES THE ASSETS OF AN EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO TITLE I OF THE U.S. EMPLOYEE
RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OF A PLAN, INDIVIDUAL RETIREMENT ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) OR
PROVISIONS UNDER ANY OTHER FEDERAL, STATE, LOCAL, NON-U.S. OR OTHER LAWS OR REGULATIONS THAT ARE SIMILAR TO SUCH PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAWS”), OR OF AN ENTITY WHOSE UNDERLYING ASSETS ARE CONSIDERED TO INCLUDE “PLAN
ASSETS” OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT, OR (2) THE ACQUISITION AND HOLDING OF THIS SECURITY OR ANY INTEREST HEREIN WILL NOT CONSTITUTE A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR
A SIMILAR VIOLATION UNDER ANY APPLICABLE SIMILAR LAWS. 
 KRAFT FOODS GROUP, 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 [Original Definitive Note: Kraft Foods Inc.][Global
Notes: Cede & Co.] or registered assigns, the principal sum of $[•] [in the case of a Global Note: (or such other amount as may be reflected on the schedule of exchanges of interest in the global note attached hereto)] on
February 10, 2020, and to pay interest thereon from July 18, 2012 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semiannually on February 10 and August 10, in each year,
commencing August 10, 2012, at the rate of 5.375% per annum until the principal hereof is paid or made available for payment. 
 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 January 26 or July 26 (whether or not a Business Day), as the case may be, next preceding such Interest Payment
Date. Any such interest 

  
 - 2 -

 
not so punctually paid or duly provided for shall forthwith cease to be payable to the Holders 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. 
 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 as at the time of payment is legal tender for payment of public and
private debts; 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 to an account maintained by the payee at a bank located in the United States. All payments of principal and interest in respect of this Note will be made by the Company in immediately available funds. 

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. 
 Signature Page Follows 

  
 - 3 -

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

			
	KRAFT FOODS GROUP, INC.
		
	By:	 	 
	Name:	 	
	Title:	 	

  

			
	Attest:
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 - 4 -

 CERTIFICATE OF AUTHENTICATION 

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

Dated: [•]. 
  

			
	 DEUTSCHE BANK TRUST COMPANY
 AMERICAS, as Trustee

		
	By:	 	 
	Name:	 	
	Title:	 	

  
 - 5 -

 (Reverse of Note) 
 KRAFT FOODS GROUP, 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 $900,000,000 (except as provided in the
Indenture hereinafter mentioned), all such Securities issued and to be issued under an Indenture dated as of June 4, 2012 between the Company and Deutsche Bank Trust Company Americas, as Trustee (the “Base Indenture”), as supplemented
by Supplemental Indenture No. 2, dated as of July 18, 2012, among the Company, Kraft Foods Inc. (the “Guarantor”) and the Trustee (the “Supplemental Indenture” and together with the Base Indenture, 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 5.375%
Notes due 2020 (the “Notes”). 
 The Company may, without the consent of the Holders of the Notes, issue additional
Notes having the same ranking and the same interest rate, maturity and other terms as the Notes, except for the issue price, issue date and, in some cases, the first payment of interest or interest accruing prior to the issue date of such additional
Notes. Any additional Notes having such similar terms, together with the Notes, shall constitute a single series of notes under the Indenture. No additional Notes may be issued if an Event of Default has occurred with respect to the Notes.

 Guarantee 

Pursuant to Article Fourteen of the Base Indenture, the Guarantor hereby agrees that it shall provide a Guarantee on a senior unsecured
basis of the Company’s obligations under the Indenture with respect to the Notes. The Guarantor shall be automatically and unconditionally released and discharged from all obligations under the Indenture and the Guarantee without any action
required on the part of the Trustee or any Holder pursuant to Section 3.02 of the Supplemental Indenture. 
 Change of Control

 If a Change of Control Triggering Event (as defined below) occurs, unless the Company has exercised its right to redeem
the Notes, Holders may require the Company to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of their Notes pursuant to an offer (the “Change of Control Offer”) of payment in cash equal to
101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest, if any, on the Notes repurchased, to the date of purchase (the “Change of Control Payment”). Within 30 days following any Change of Control
Triggering Event, the Company will mail a notice to Holders describing the transaction or transactions that constitute the Change of Control Triggering Event and offering to repurchase the Notes on the date specified in the notice, which date will
be no earlier than 30 days and no later than 60 days from the date such notice is mailed (the “Change of Control Payment Date”), pursuant to the procedures described in such notice. The Company must comply with the requirements of Rule
14e-1 under the Securities Exchange Act of 1934 (the “Exchange Act”) and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a
result of a Change of Control Triggering Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control provisions of the Notes, the Company will comply with the applicable securities laws and
regulations and will not be deemed to have breached its obligations under the Change of Control provisions of the Notes by virtue of such conflicts. 

  
 - 6 -

 On the Change of Control Payment Date, the Company will, to the extent lawful: 

 

	 	•	accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer; 

 

	 	•	deposit with the paying agent an amount equal to the Change of Control Payment in respect of all Notes or portions of Notes properly tendered; and

  

	 	•	deliver or cause to be delivered to the Trustee the Notes properly accepted together with an officers’ certificate stating the aggregate principal amount of Notes
or portions of Notes being purchased. 

 The paying agent will promptly mail to each Holder of notes properly
tendered the purchase price for the Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Note equal in principal amount to any unpurchased portion of any Notes surrendered;
provided that each new Note will be in a principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. 

The Company will not be required to make an offer to repurchase the Notes upon a Change of Control Triggering Event if a third party
makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and such third party purchases all Notes properly tendered and not withdrawn under its offer. 

For purposes of the foregoing discussion of a repurchase at the option of Holders, the following definitions are applicable: 

“Below Investment Grade Rating Event” means the Notes are rated below an Investment Grade Rating by each of the
Rating Agencies (as defined below) on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of the Change of Control (which
60-day period shall be extended so long as the rating of the Notes is under publicly announced consideration for possible downgrade by any of the Rating Agencies); provided that a below investment grade rating event otherwise arising by
virtue of a particular reduction in rating shall not be deemed to have occurred in respect to a particular Change of Control (and thus shall not be deemed a below investment grade rating event for purposes of the definition of Change of Control
Triggering Event hereunder) if the rating agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the Trustee in writing at its request that the reduction was the result,
in whole or in part, of any event or circumstance comprising or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the below investment grade
rating event). 
 “Change of Control” means the occurrence of any of the following: (1) the direct
or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the Company and its subsidiaries taken
as a whole to any Person or group of related persons for purposes of Section 13(d) of the Exchange Act (a “Group”) other than the Company or one of its subsidiaries, and other than the Internal Reorganization; (2) the approval by
the holders of the Company’s common stock of any plan or proposal for the liquidation or dissolution of the Company (whether or not otherwise in compliance with the provisions of the indenture); (3) the consummation of any transaction
(including, without limitation, any merger or consolidation) the result of which is that any Person or Group becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares of the Company’s voting
stock; or (4) the first day on which a majority of the members of the Company’s Board of Directors are not Continuing Directors. 
 “Change of Control Triggering Event” means the occurrence of both a Change of Control and a Below Investment Grade Rating Event. 

“Continuing Directors” means, as of any date of determination, any member of the Board of Directors of the
Company who (1) was a member of such Board of Directors on the date of the issuance of the Notes; or (2) was nominated for election or elected to such Board of Directors with the approval of a

  
 - 7 -

 
majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination or election (either by a specific vote or by approval of the Company’s proxy
statement in which such member was named as a nominee for election as a director, without objection to such nomination). 
 “Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, respectively. 

“Moody’s” means Moody’s Investors Service, Inc. 

“Person” has the meaning set forth in the indenture and includes a “person” as used in
Section 13(d)(3) of the Exchange Act. 
 “Rating Agencies” means (1) each of Moody’s and
S&P and (2) if any of Moody’s or S&P ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating
organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act, selected by the Company (as certified by a resolution of the Company’s Board of Directors) as a replacement agency for Moody’s or S&P, or both of
them, as the case may be. 
 “S&P” means Standard & Poor’s Ratings Services, a
division of The McGraw-Hill Companies, Inc. 
 Payment of Additional Amounts 

Section 1010 of the Base Indenture shall be applicable to the Notes, except that the term “Holder,” when used in
Section 1010 of the Base Indenture, shall mean the beneficial owner of a Note or any person holding on behalf or for the account of the beneficial owner of a Note. 
 Redemption for Tax Reasons 
 The Company may redeem the Notes prior to
maturity in whole, but not in part, on not more than 60 days’ notice and not less than 30 days’ notice at a redemption price equal to the principal amount of such Notes plus any accrued interest and additional amounts to the date fixed for
redemption if: 
  

	 	•	as a result of a change in or amendment to the tax laws, regulations or rulings of the United States or any political subdivision or taxing authority of or in the
United States or any change in official position regarding the application or interpretation of such laws, regulations or rulings (including a holding by a court of competent jurisdiction in the United States) that is announced or becomes effective
on or after July 18, 2012, the Company has or will become obligated to pay additional amounts with respect to such series of Notes as described in Section 1010 of the Base Indenture, or 

 

	 	•	on or after July 18, 2012, any action is taken by a taxing authority of, or any decision has been rendered by a court of competent jurisdiction in, the United
States or any political subdivision of or in the United States, including any of those actions specified above, whether or not such action was taken or decision was rendered with respect to the Company, or any change, amendment, application or
interpretation is officially proposed, which, in any such case, in the written opinion of independent legal counsel of recognized standing, will result in a material probability that the Company will become obligated to pay additional amounts with
respect to such series of Notes, and the Company, in its business judgment, determines that such obligations cannot be avoided by the use of reasonable measures available to the Company. 

If the Company exercises its option to redeem the Notes, the Company will deliver to the Trustee a certificate signed by an authorized
officer stating that it is entitled to redeem the Notes and an opinion of independent tax counsel to the effect that the circumstances described in the above bullets exist. 

  
 - 8 -

 Payment of Additional Interest 

The Company shall pay all Additional Interest, if any, in the same manner and on the same dates as interest at the rate stated herein and
in the amounts set forth in the Registration Rights Agreement. 
 For purposes of the foregoing discussion of additional
interest, the following definitions are applicable: 
 “Additional Interest” means all interest payable
as a consequence of the failure to effectuate in a timely manner the Exchange Offer and/or shelf registration procedures set for in the Registration Rights Agreement. 

“Registration Rights Agreement” means (i) the registration rights agreement, dated as of July 18, 2012
among the Company, the Guarantor, and the dealer managers party thereto and (ii) with respect to any additional Notes, one or more substantially similar registration rights agreements among the Company and the other parties thereto, as such
agreements may be amended from time to time. 
 Reports 
 For so long as any Notes are outstanding, the Company will furnish to Holders and prospective purchasers of the Notes, upon their request, the information required to be delivered pursuant to Rule
144A(d)(4) under the Securities Act of 1933, as amended (the “Securities Act”). The requirements set forth in this paragraph may be satisfied by delivering such information to the Trustee and posting copies of such information on a website
(which may be nonpublic and may be maintained by the Company or a third party, provided, that the Trustee will have no responsibility to determine if such posting has occurred) to which access will be given to Holders and prospective
purchasers of the Notes (which prospective purchasers will be limited to “qualified institutional buyers” within the meaning of Rule 144A of the Securities Act or non-U.S. persons (as defined in Regulation S under the Securities Act) that
certify their status as such to the reasonable satisfaction of the Company. 
 Defeasance 

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. 
 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 Obligations sufficient to pay and discharge the entire indebtedness on a the Indenture. 

Events of Default 
 If an
Event of Default (other than an Event of Default described in Section 501(4) or 501(5) of the Base 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) of the Base Indenture 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 and with the effect provided
in the Indenture without any declaration or other act by the Trustee or any Holder. 
 Amendments 

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 

  
 - 9 -

 
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. 
 Payment 
 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 interest on this Note at the times, place and rate, and in the coin or currency, herein and in the Indenture
prescribed. 
 Transfer, Registration and Exchange 
 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 due or 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 $2,000 and any multiple of $1,000 in excess thereof. 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. 
 The Notes are
not subject to a sinking fund. 
 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. 

  
 - 10 -

 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 
  
  

to transfer the said Note on the books of Kraft Foods Group, 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.

  
 - 11 -

 CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR 

REGISTRATION OF TRANSFERS OF TRANSFER RESTRICTED NOTES1 
 This certificate relates to $                      principal amount of Notes held in (check
applicable space)             book-entry or              definitive form by the undersigned. 

The undersigned (check one box below): 
 has requested the Trustee by written order to deliver in exchange for its beneficial interest in a Global Note held by the Depositary a Note or Notes in definitive, registered form of authorized
denominations and an aggregate principal amount equal to its beneficial interest in such Global Note (or the portion thereof indicated above) in accordance with the Indenture; or 

has requested the Trustee by written order to exchange or register the transfer of a Note or Notes. 

In connection with any transfer of any of the Notes evidenced by this certificate, the undersigned confirms that such Notes are being
transferred in accordance with its terms: 
 CHECK ONE BOX BELOW 

 

	 	(1)	to the Company or subsidiary thereof; or 

  

	 	(2)	to the Registrar for registration in the name of the Holder, without transfer; or 

 

	 	(3)	pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “Securities Act”); or 

 

	 	(4)	to a Person that the undersigned reasonably believes is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act
(“Rule 144A”)) that purchases for its own account or for the account of a qualified institutional buyer and to whom notice is given that such transfer is being made in reliance on Rule 144A, in each case pursuant to and in
compliance with Rule 144A; or 

  

	 	(5)	pursuant to offers and sales to non-U.S. persons that occur outside the United States of America within the meaning of Regulation S under the Securities Act (and if the
transfer is being made prior to the expiration of the Distribution Compliance Period, the Notes shall be held immediately thereafter through Euroclear or Clearstream); or 

 

	 	(6)	to an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act) that has furnished to the Trustee
a signed letter in the form provided on the reverse side of such Notes; or 

  

	 	(7)	pursuant to Rule 144 under the Securities Act; or 

  

	 	(8)	pursuant to another available exemption from registration under the Securities Act. 

 

	1 	 This certificate shall not be included as part of the Original Definitive Notes. 

  
 - 12 -

 Unless one of the boxes is checked, the Trustee will refuse to register any of the Notes
evidenced by this certificate in the name of any Person other than the registered Holder thereof; provided, however, that if box (7) or (8) is checked, the Company or the Trustee may require, prior to registering any
such transfer of the Notes, such legal opinions, certifications and other information as the Company or the Trustee has reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject
to, the registration requirements of the Securities Act. 
  

			
	 	 	  
 Your
Signature

	
Date:                       
              
	 	
		 	  
 Signature of
Signature
 Guarantor

 TO BE COMPLETED BY PURCHASER IF (4) ABOVE IS CHECKED. 

The undersigned represents and warrants that it is purchasing this Note for its own account or an account with respect to which it
exercises sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A, and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges
that it has received such information regarding the Company as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon the undersigned’s
foregoing representations in order to claim the exemption from registration provided by Rule 144A. 
  

			
	Dated:                            
         	  	  

		  	 NOTICE:To be executed by

                anexecutive
officer
 Name:

Title:

 Signature Guarantee*:
                                         
                                

 

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 - 13 -

 TO BE COMPLETED IF THE HOLDER REQUIRES AN EXCHANGE FROM A 

REGULATION S GLOBAL NOTE TO AN UNRESTRICTED GLOBAL NOTE, 

PURSUANT TO SECTION 2.2(d)(iii) OF APPENDIX A TO THE INDENTURE2 

The undersigned represents and warrants that either: 
 the undersigned is not a dealer (as defined in the Securities Act) and is a non-U.S. person (within the meaning of Regulation S under the Securities Act); or 

the undersigned is not a dealer (as defined in the Securities Act) and is a U.S. person (within the meaning of Regulation S under the
Securities Act) who purchased interests in the Notes pursuant to an exemption from, or in a transaction not subject to, the registration requirements under the Securities Act; or 

the undersigned is a dealer (as defined in the Securities Act) and the interest of the undersigned in this Note does not constitute the
whole or a part of an unsold allotment to or subscription by such dealer for the Notes. 
  

			
	Dated:                            
                 	 	  

		 	Your Signature

  
  

	2 	 Include only for Regulation S Global Notes. 

  
 - 14 -

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have all or part of this Note purchased by the Company pursuant to Change of Control, state the amount you elect
to have purchased: 
  

					
		  	$                             
                                         
        	  	 (integral multiples of $1,000,

provided that the unpurchased
 portion
must be in a minimum
 principal amount of $2,000)

Date:                     

 

	
	Your Signature:                          
                                         
    
	 (Sign exactly as your name appears on the face of this Note)

	Tax Identification No.:                        
                                 

 Signature
Guarantee*:                                       
                               

 

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 - 15 -

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 

The initial outstanding principal amount of this Global Note is
$            . The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or
Definitive Note for an interest in this Global Note, have been made: 
  

									
	 Date of Exchange
	  	Amount of decrease
in Principal Amount of this
Global Note	  	Amount of increase
in Principal
Amount of this
Global Note	  	Principal Amount of
this Global Note
following such
decrease or increase	  	Signature of authorized
signatory of Trustee,
Depositary or Custodian

 
  

	*	This schedule should be included only if the Note is issued in global form. 

  
 - 16 -

 FORM OF 

TRANSFEREE LETTER OF REPRESENTATION3 
 Kraft Foods
Group, Inc. 
 Three Lakes Drive 

Northfield, IL 60093 
 Fax No.:
(847) 646-3173 
 Email: Darin.Aprati@kraftfoods.com 
 Attention: Treasurer 
 Ladies and Gentlemen: 

This certificate is delivered to request a transfer of $[            ]
principal amount of the 5.375% Senior Notes due 2020 (the “Notes”) of Kraft Foods Group, Inc. (the “Company”). 
 Upon transfer, the Notes would be registered in the name of the new beneficial owner as follows: 
 Name:                                
                               

Address:                     
                                      

Taxpayer ID
Number:                                      

The undersigned represents and warrants to you that: 
 1. We are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act of 1933, as amended (the “Securities Act”)),
purchasing for our own account or for the account of such an institutional “accredited investor” at least $250,000 principal amount of the Notes, and we are acquiring the Notes, for investment purposes and not with a view to, or for offer
or sale in connection with, any distribution in violation of the Securities Act. We have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of our investment in the Notes, and we
invest in or purchase securities similar to the Notes in the normal course of our business. We, and any accounts for which we are acting, are each able to bear the economic risk of our or its investment. 

2. We understand that the Notes have not been registered under the Securities Act and, unless so registered, may not be sold except as
permitted in the following sentence. We agree on our own behalf and on behalf of any investor account for which we are purchasing Notes to offer, sell or otherwise transfer such Notes prior to the date that is one year after the later of the date of
original issue and the last date on which the Company or any affiliate of the Company was the owner of such Notes (or any predecessor thereto) (the “Resale Restriction Termination Date”) only in accordance with the Restricted Notes
Legend (as such term is defined in the supplemental indenture under which the Notes were issued) on the Notes and any applicable securities laws of any state of the United States of America. The foregoing restrictions on resale will not apply
subsequent to the Resale Restriction Termination Date. If any resale or other transfer of the Notes is proposed to be made pursuant to clause 2.2(d)(ii) of Appendix A to the supplemental indenture under which the Notes were issued prior to the
Resale Restriction Termination Date, the transferor shall deliver a letter from the transferee substantially in the form of this letter to the Company and the Trustee, which shall provide, among other things, that the transferee is an institutional
“accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act and that it is acquiring such Notes for investment purposes and not for distribution in violation of the Securities Act.
Each purchaser acknowledges that the Company and the Trustee reserve the right prior to the offer, sale or other transfer prior to the Resale Restriction Termination Date of the Notes with respect to applicable transfers described in the Restricted
Notes Legend to require the delivery of an opinion of counsel, certifications and/or other information satisfactory to the Company and the Trustee. 
  

 

	3 	 This certificate shall not be included as part of the Original Definitive Notes. 

  
 - 17 -

 
	
	TRANSFEREE:                            
                                         
 ,
	
	by:                            
                                         
                            

  
 - 18 -

 Exhibit A-3 

Form of Note representing the 2039 Notes 
 No. [RA-•] 
 KRAFT FOODS GROUP, INC. 

6.875% NOTE DUE 2039 
 representing 
 $[•] 
 CUSIP No. [•] 
 [RESTRICTED NOTES ONLY][THIS NOTE HAS NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST
HEREIN, THE ACQUIRER 
 (1) REPRESENTS THAT 

(A) IT AND ANY ACCOUNT FOR WHICH IT IS ACTING IS A “QUALIFIED INSTITUTIONAL BUYER” (WITHIN THE MEANING OF RULE
144A UNDER THE SECURITIES ACT) AND THAT IT EXERCISES SOLE INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT, OR 
 (B) IT IS NOT A U.S. PERSON (WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT) AND 
 (2) AGREES FOR THE BENEFIT OF KRAFT FOODS GROUP, INC. THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER THIS NOTE OR ANY BENEFICIAL INTEREST HEREIN, EXCEPT IN ACCORDANCE WITH THE SECURITIES ACT
AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND ONLY 
 (A) TO KRAFT FOODS GROUP, INC.,

 (B) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT, 

(C) TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, 

(D) IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, 

(E) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR
(7) UNDER THE SECURITIES ACT THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AND THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER INSTITUTIONAL ACCREDITED INVESTOR, IN EACH CASE IN A MINIMUM PRINCIPAL AMOUNT OF SECURITIES OF
$250,000, OR 

 (F) PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER
THE SECURITIES ACT OR ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 
 PRIOR TO THE
REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH (2)(C) ABOVE OR (2)(D) ABOVE, A DULY COMPLETED AND SIGNED CERTIFICATE (THE FORM OF WHICH MAY BE OBTAINED FROM THE TRUSTEE) MUST BE DELIVERED TO THE TRUSTEE. PRIOR TO THE REGISTRATION OF ANY
TRANSFER IN ACCORDANCE WITH (F) ABOVE, KRAFT FOODS GROUP, INC. RESERVES THE RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL OPINIONS, CERTIFICATIONS OR OTHER EVIDENCE AS MAY REASONABLY BE REQUIRED IN ORDER TO DETERMINE THAT THE PROPOSED TRANSFER IS
BEING MADE IN COMPLIANCE WITH THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF ANY RULE 144 EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.] 

[GLOBAL NOTES ONLY][UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), 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. 
 TRANSFERS OF THIS GLOBAL
SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN
ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.] 
 BY ITS ACQUISITION OF THIS
SECURITY OR ANY INTEREST HEREIN, THE HOLDER THEREOF WILL BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT EITHER (1) NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD THIS SECURITY OR ANY INTEREST HEREIN CONSTITUTES THE ASSETS OF
AN EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO TITLE I OF THE U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OF A PLAN, INDIVIDUAL RETIREMENT ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF THE
U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) OR PROVISIONS UNDER ANY OTHER FEDERAL, STATE, LOCAL, NON-U.S. OR OTHER LAWS OR REGULATIONS THAT ARE SIMILAR TO SUCH PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAWS”), OR
OF AN ENTITY WHOSE UNDERLYING ASSETS ARE CONSIDERED TO INCLUDE “PLAN ASSETS” OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT, OR (2) THE ACQUISITION AND HOLDING OF THIS SECURITY OR ANY INTEREST HEREIN WILL NOT CONSTITUTE A NON-EXEMPT
PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A SIMILAR VIOLATION UNDER ANY APPLICABLE SIMILAR LAWS. 
 KRAFT FOODS GROUP, 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 [Original Definitive Note: Kraft Foods Inc.][Global Notes: Cede & Co.] or registered assigns, the principal sum of $[•] [in the case of a Global Note: (or such other amount as may be
reflected on the schedule of exchanges of interest in the global note attached hereto)] on January 26, 2039, and to pay interest thereon from July 18, 2012 or from the most recent Interest Payment Date to which interest has been paid or
duly provided for, semiannually on January 26 and July 26, in each year, commencing July 26, 2012, at the rate of 6.875% per annum until the principal hereof is paid or made available for payment. 

  
 - 2 -

 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 January 11 or
July 11 (or, in the case of the initial Interest Payment Date, the close of business on July 19) (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 Holders 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. 

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 as at the time of payment is legal tender for payment of public and private debts; 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 to an account maintained by the payee at a bank located in the United
States. All payments of principal and interest in respect of this Note will be made by the Company in immediately available funds. 
 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. 
 Signature Page
Follows 

  
 - 3 -

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

			
	KRAFT FOODS GROUP, INC.
		
	By:	 	 
	Name:	 	
	Title:	 	

  

			
	Attest:
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 - 4 -

 CERTIFICATE OF AUTHENTICATION 

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

Dated: [•]. 
  

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee
		
	By:	 	 
	 Name:
 Title:
	 	

  
 - 5 -

 (Reverse of Note) 
 KRAFT FOODS GROUP, 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 $877,860,000 (except as provided in the
Indenture hereinafter mentioned), all such Securities issued and to be issued under an Indenture dated as of June 4, 2012 between the Company and Deutsche Bank Trust Company Americas, as Trustee (the “Base Indenture”), as supplemented
by Supplemental Indenture No. 2, dated as of July 18, 2012, among the Company, Kraft Foods Inc. (the “Guarantor”) and the Trustee (the “Supplemental Indenture” and together with the Base Indenture, 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 6.875%
Notes due 2039 (the “Notes”). 
 The Company may, without the consent of the Holders of the Notes, issue additional
Notes having the same ranking and the same interest rate, maturity and other terms as the Notes, except for the issue price, issue date and, in some cases, the first payment of interest or interest accruing prior to the issue date of such additional
Notes. Any additional Notes having such similar terms, together with the Notes, shall constitute a single series of notes under the Indenture. No additional Notes may be issued if an Event of Default has occurred with respect to the Notes.

 Guarantee 

Pursuant to Article Fourteen of the Base Indenture, the Guarantor hereby agrees that it shall provide a Guarantee on a senior unsecured
basis of the Company’s obligations under the Indenture with respect to the Notes. The Guarantor shall be automatically and unconditionally released and discharged from all obligations under the Indenture and the Guarantee without any action
required on the part of the Trustee or any Holder pursuant to Section 3.02 of the Supplemental Indenture. 
 Change of Control

 If a Change of Control Triggering Event (as defined below) occurs, unless the Company has exercised its right to redeem
the Notes, Holders may require the Company to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of their Notes pursuant to an offer (the “Change of Control Offer”) of payment in cash equal to
101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest, if any, on the Notes repurchased, to the date of purchase (the “Change of Control Payment”). Within 30 days following any Change of Control
Triggering Event, the Company will mail a notice to Holders describing the transaction or transactions that constitute the Change of Control Triggering Event and offering to repurchase the Notes on the date specified in the notice, which date will
be no earlier than 30 days and no later than 60 days from the date such notice is mailed (the “Change of Control Payment Date”), pursuant to the procedures described in such notice. The Company must comply with the requirements of Rule
14e-1 under the Securities Exchange Act of 1934 (the “Exchange Act”) and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a
result of a Change of Control Triggering Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control provisions of the Notes, the Company will comply with the applicable securities laws and
regulations and will not be deemed to have breached its obligations under the Change of Control provisions of the Notes by virtue of such conflicts. 

  
 - 6 -

 On the Change of Control Payment Date, the Company will, to the extent lawful: 

 

	 	•	 	 accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer; 

 

	 	•	 	 deposit with the paying agent an amount equal to the Change of Control Payment in respect of all Notes or portions of Notes properly tendered; and

  

	 	•	 	 deliver or cause to be delivered to the Trustee the Notes properly accepted together with an officers’ certificate stating the aggregate principal
amount of Notes or portions of Notes being purchased. 

 The paying agent will promptly mail to each Holder of
notes properly tendered the purchase price for the Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Note equal in principal amount to any unpurchased portion of any Notes
surrendered; provided that each new Note will be in a principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. 
 The Company will not be required to make an offer to repurchase the Notes upon a Change of Control Triggering Event if a third party makes such an offer in the manner, at the times and otherwise in
compliance with the requirements for an offer made by the Company and such third party purchases all Notes properly tendered and not withdrawn under its offer. 
 For purposes of the foregoing discussion of a repurchase at the option of Holders, the following definitions are applicable: 

“Below Investment Grade Rating Event” means the Notes are rated below an Investment Grade Rating by each of the
Rating Agencies (as defined below) on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of the Change of Control (which
60-day period shall be extended so long as the rating of the Notes is under publicly announced consideration for possible downgrade by any of the Rating Agencies); provided that a below investment grade rating event otherwise arising by
virtue of a particular reduction in rating shall not be deemed to have occurred in respect to a particular Change of Control (and thus shall not be deemed a below investment grade rating event for purposes of the definition of Change of Control
Triggering Event hereunder) if the rating agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the Trustee in writing at its request that the reduction was the result,
in whole or in part, of any event or circumstance comprising or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the below investment grade
rating event). 
 “Change of Control” means the occurrence of any of the following: (1) the direct
or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the Company and its subsidiaries taken
as a whole to any Person or group of related persons for purposes of Section 13(d) of the Exchange Act (a “Group”) other than the Company or one of its subsidiaries, and other than the Internal Reorganization; (2) the approval by
the holders of the Company’s common stock of any plan or proposal for the liquidation or dissolution of the Company (whether or not otherwise in compliance with the provisions of the indenture); (3) the consummation of any transaction
(including, without limitation, any merger or consolidation) the result of which is that any Person or Group becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares of the Company’s voting
stock; or (4) the first day on which a majority of the members of the Company’s Board of Directors are not Continuing Directors. 
 “Change of Control Triggering Event” means the occurrence of both a Change of Control and a Below Investment Grade Rating Event. 

“Continuing Directors” means, as of any date of determination, any member of the Board of Directors of the
Company who (1) was a member of such Board of Directors on the date of the issuance of the Notes; or (2) was nominated for election or elected to such Board of Directors with the approval of a

  
 - 7 -

 
majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination or election (either by a specific vote or by approval of the Company’s proxy
statement in which such member was named as a nominee for election as a director, without objection to such nomination). 
 “Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, respectively. 

“Moody’s” means Moody’s Investors Service, Inc. 

“Person” has the meaning set forth in the indenture and includes a “person” as used in
Section 13(d)(3) of the Exchange Act. 
 “Rating Agencies” means (1) each of Moody’s and
S&P and (2) if any of Moody’s or S&P ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating
organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act, selected by the Company (as certified by a resolution of the Company’s Board of Directors) as a replacement agency for Moody’s or S&P, or both of
them, as the case may be. 
 “S&P” means Standard & Poor’s Ratings Services, a
division of The McGraw-Hill Companies, Inc. 
 Payment of Additional Amounts 

Section 1010 of the Base Indenture shall be applicable to the Notes, except that the term “Holder,” when used in
Section 1010 of the Base Indenture, shall mean the beneficial owner of a Note or any person holding on behalf or for the account of the beneficial owner of a Note. 
 Redemption for Tax Reasons 
 The Company may redeem the Notes prior to
maturity in whole, but not in part, on not more than 60 days’ notice and not less than 30 days’ notice at a redemption price equal to the principal amount of such Notes plus any accrued interest and additional amounts to the date fixed for
redemption if: 
  

	 	•	 	 as a result of a change in or amendment to the tax laws, regulations or rulings of the United States or any political subdivision or taxing authority
of or in the United States or any change in official position regarding the application or interpretation of such laws, regulations or rulings (including a holding by a court of competent jurisdiction in the United States) that is announced or
becomes effective on or after July 18, 2012, the Company has or will become obligated to pay additional amounts with respect to such series of Notes as described in Section 1010 of the Base Indenture, or 

 

	 	•	 	 on or after July 18, 2012, any action is taken by a taxing authority of, or any decision has been rendered by a court of competent jurisdiction
in, the United States or any political subdivision of or in the United States, including any of those actions specified above, whether or not such action was taken or decision was rendered with respect to the Company, or any change, amendment,
application or interpretation is officially proposed, which, in any such case, in the written opinion of independent legal counsel of recognized standing, will result in a material probability that the Company will become obligated to pay additional
amounts with respect to such series of Notes, and the Company, in its business judgment, determines that such obligations cannot be avoided by the use of reasonable measures available to the Company. 

If the Company exercises its option to redeem the Notes, the Company will deliver to the Trustee a certificate signed by an authorized
officer stating that it is entitled to redeem the Notes and an opinion of independent tax counsel to the effect that the circumstances described in the above bullets exist. 

  
 - 8 -

 Payment of Additional Interest 

The Company shall pay all Additional Interest, if any, in the same manner and on the same dates as interest at the rate stated herein and
in the amounts set forth in the Registration Rights Agreement. 
 For purposes of the foregoing discussion of additional
interest, the following definitions are applicable: 
 “Additional Interest” means all interest payable
as a consequence of the failure to effectuate in a timely manner the Exchange Offer and/or shelf registration procedures set for in the Registration Rights Agreement. 

“Registration Rights Agreement” means (i) the registration rights agreement, dated as of July 18, 2012
among the Company, the Guarantor, and dealer managers party thereto and (ii) with respect to any additional Notes, one or more substantially similar registration rights agreements among the Company and the other parties thereto, as such
agreements may be amended from time to time. 
 Reports 
 For so long as any Notes are outstanding, the Company will furnish to Holders and prospective purchasers of the Notes, upon their request, the information required to be delivered pursuant to Rule
144A(d)(4) under the Securities Act of 1933, as amended (the “Securities Act”). The requirements set forth in this paragraph may be satisfied by delivering such information to the Trustee and posting copies of such information on a website
(which may be nonpublic and may be maintained by the Company or a third party, provided, that the Trustee will have no responsibility to determine if such posting has occurred) to which access will be given to Holders and prospective
purchasers of the Notes (which prospective purchasers will be limited to “qualified institutional buyers” within the meaning of Rule 144A of the Securities Act or non-U.S. persons (as defined in Regulation S under the Securities Act) that
certify their status as such to the reasonable satisfaction of the Company. 
 Defeasance 

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. 
 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 Obligations sufficient to pay and discharge the entire indebtedness on a the Indenture. 

Events of Default 
 If an
Event of Default (other than an Event of Default described in Section 501(4) or 501(5) of the Base 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) of the Base Indenture 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 and with the effect provided
in the Indenture without any declaration or other act by the Trustee or any Holder. 
 Amendments 

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 

  
 - 9 -

 
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. 
 Payment 
 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 interest on this Note at the times, place and rate, and in the coin or currency, herein and in the Indenture
prescribed. 
 Transfer, Registration and Exchange 
 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 due or 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 $2,000 and any multiple of $1,000 in excess thereof. 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. 
 The Notes are
not subject to a sinking fund. 
 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. 

  
 - 10 -

 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 
  
  

 
  
 to transfer the said Note on the books of Kraft Foods Group, 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.

  
 - 11 -

 CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR 

REGISTRATION OF TRANSFERS OF TRANSFER RESTRICTED NOTES1 
 This certificate relates to $                     principal amount of Notes held in (check applicable
space)              book-entry or             definitive form by the undersigned. 

The undersigned (check one box below): 
 has requested the Trustee by written order to deliver in exchange for its beneficial interest in a Global Note held by the Depositary a Note or Notes in definitive, registered form of authorized
denominations and an aggregate principal amount equal to its beneficial interest in such Global Note (or the portion thereof indicated above) in accordance with the Indenture; or 

has requested the Trustee by written order to exchange or register the transfer of a Note or Notes. 

In connection with any transfer of any of the Notes evidenced by this certificate, the undersigned confirms that such Notes are being
transferred in accordance with its terms: 
 CHECK ONE BOX BELOW 

 

	 	(1)	to the Company or subsidiary thereof; or 

  

	 	(2)	to the Registrar for registration in the name of the Holder, without transfer; or 

 

	 	(3)	pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “Securities Act”); or 

 

	 	(4)	to a Person that the undersigned reasonably believes is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act
(“Rule 144A”)) that purchases for its own account or for the account of a qualified institutional buyer and to whom notice is given that such transfer is being made in reliance on Rule 144A, in each case pursuant to and in
compliance with Rule 144A; or 

  

	 	(5)	pursuant to offers and sales to non-U.S. persons that occur outside the United States of America within the meaning of Regulation S under the Securities Act (and if the
transfer is being made prior to the expiration of the Distribution Compliance Period, the Notes shall be held immediately thereafter through Euroclear or Clearstream); or 

 

	 	(6)	to an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act) that has furnished to the Trustee
a signed letter in the form provided on the reverse side of such Notes; or 

  

	 	(7)	pursuant to Rule 144 under the Securities Act; or 

  

	 	(8)	pursuant to another available exemption from registration under the Securities Act. 

 
  

	1 	 This certificate shall not be included as part of the Original Definitive Notes. 

  
 - 12 -

 Unless one of the boxes is checked, the Trustee will refuse to register any of the Notes
evidenced by this certificate in the name of any Person other than the registered Holder thereof; provided, however, that if box (7) or (8) is checked, the Company or the Trustee may require, prior to registering any
such transfer of the Notes, such legal opinions, certifications and other information as the Company or the Trustee has reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject
to, the registration requirements of the Securities Act. 
  

			
	 	 	Your Signature
	
Date:                       
                         
	 	
		 	  

		 	 Signature of Signature

Guarantor

 TO BE COMPLETED BY PURCHASER IF (4) ABOVE IS CHECKED. 

The undersigned represents and warrants that it is purchasing this Note for its own account or an account with respect to which it
exercises sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A, and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges
that it has received such information regarding the Company as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon the undersigned’s
foregoing representations in order to claim the exemption from registration provided by Rule 144A. 
  

			
	Dated:                           
                     	 	  

		 	 NOTICE:     To be executed by

  an executive officer
 Name:
 Title:

 Signature Guarantee*:
                                         
                
  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 - 13 -

 TO BE COMPLETED IF THE HOLDER REQUIRES AN EXCHANGE FROM A 

REGULATION S GLOBAL NOTE TO AN UNRESTRICTED GLOBAL NOTE, 

PURSUANT TO SECTION 2.2(d)(iii) OF APPENDIX A TO THE INDENTURE2 

The undersigned represents and warrants that either: 
 the undersigned is not a dealer (as defined in the Securities Act) and is a non-U.S. person (within the meaning of Regulation S under the Securities Act); or 

the undersigned is not a dealer (as defined in the Securities Act) and is a U.S. person (within the meaning of Regulation S under the
Securities Act) who purchased interests in the Notes pursuant to an exemption from, or in a transaction not subject to, the registration requirements under the Securities Act; or 

the undersigned is a dealer (as defined in the Securities Act) and the interest of the undersigned in this Note does not constitute the
whole or a part of an unsold allotment to or subscription by such dealer for the Notes. 
  

			
	Dated:                           
     	 	  

		 	Your Signature

  

	2	 Include only for
Regulation S Global Notes. 

  
 - 14 -

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have all or part of this Note purchased by the Company pursuant to Change of Control, state the amount you elect
to have purchased: 
  

					
			
	$                        	 		 	 (integral multiples of $1,000,

provided that the unpurchased
 portion
must be in a minimum
 principal amount of $2,000)

Date:                     
             
  

					
	Your Signature:	 	 
		 		 	(Sign exactly as your name appears on the face of this Note)
	Tax Identification No.:	 	 

 Signature
Guarantee*:                                       
                       
  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 - 15 -

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 

The initial outstanding principal amount of this Global Note is
$            . The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or
Definitive Note for an interest in this Global Note, have been made: 
  

									
	 Date of Exchange
	  	Amount of decrease
in Principal Amount of this
Global Note	  	Amount of
increase
in Principal
Amount of
this
Global Note	  	Principal
Amount of
this Global
Note
following
such
decrease or
increase	  	Signature of authorized
signatory of Trustee,
Depositary or
Custodian

  

 

	*	This schedule should be included only if the Note is issued in global form. 

  
 - 16 -

 FORM OF 

TRANSFEREE LETTER OF REPRESENTATION3 
 Kraft Foods Group, Inc. 
 Three Lakes Drive 
 Northfield, IL 60093 
 Fax No.: (847) 646-3173 
 Email: Darin.Aprati@kraftfoods.com 

Attention: Treasurer 
 Ladies and Gentlemen:

 This certificate is delivered to request a transfer of
$[            ] principal amount of the 6.875% Senior Notes due 2039 (the “Notes”) of Kraft Foods Group, Inc. (the “Company”). 

Upon transfer, the Notes would be registered in the name of the new beneficial owner as follows: 

Name:                     
                             
 Address:                                
              
 Taxpayer ID
Number:                          
 The undersigned represents and warrants to you that: 
 1. We are an institutional
“accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act of 1933, as amended (the “Securities Act”)), purchasing for our own account or for the account of such an
institutional “accredited investor” at least $250,000 principal amount of the Notes, and we are acquiring the Notes, for investment purposes and not with a view to, or for offer or sale in connection with, any distribution in violation of
the Securities Act. We have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of our investment in the Notes, and we invest in or purchase securities similar to the Notes in the
normal course of our business. We, and any accounts for which we are acting, are each able to bear the economic risk of our or its investment. 
 2. We understand that the Notes have not been registered under the Securities Act and, unless so registered, may not be sold except as permitted in the following sentence. We agree on our own behalf and
on behalf of any investor account for which we are purchasing Notes to offer, sell or otherwise transfer such Notes prior to the date that is one year after the later of the date of original issue and the last date on which the Company or any
affiliate of the Company was the owner of such Notes (or any predecessor thereto) (the “Resale Restriction Termination Date”) only in accordance with the Restricted Notes Legend (as such term is defined in the supplemental indenture
under which the Notes were issued) on the Notes and any applicable securities laws of any state of the United States of America. The foregoing restrictions on resale will not apply subsequent to the Resale Restriction Termination Date. If any resale
or other transfer of the Notes is proposed to be made pursuant to clause 2.2(d)(ii) of Appendix A to the supplemental indenture under which the Notes were issued prior to the Resale Restriction Termination Date, the transferor shall deliver a
letter from the transferee substantially in the form of this letter to the Company and the Trustee, which shall provide, among other things, that the transferee is an institutional “accredited investor” within the meaning of
Rule 501(a)(1), (2), (3) or (7) under the Securities Act and that it is acquiring such Notes for investment purposes and not for distribution in violation of the Securities Act. Each purchaser acknowledges that the Company and the
Trustee reserve the right prior to the offer, sale or other transfer prior to the Resale Restriction Termination Date of the Notes with respect to applicable transfers described in the Restricted Notes Legend to require the delivery of an opinion of
counsel, certifications and/or other information satisfactory to the Company and the Trustee. 
  

	3 	 This certificate shall not be included as part of the Original Definitive Notes. 

  
 - 17 -

 TRANSFEREE:
                                         
        , 

by:                   
                                         
            

  
 - 18 -

 Exhibit A-4 

Form of Note representing the 2040 Notes 
 No. [RA-•] 
 KRAFT FOODS GROUP, INC. 

6.500% NOTE DUE 2040 
 representing 
 $[•] 
 CUSIP No. [•] 
 [RESTRICTED NOTES ONLY][THIS NOTE HAS NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST
HEREIN, THE ACQUIRER 
 (1) REPRESENTS THAT 

(A) IT AND ANY ACCOUNT FOR WHICH IT IS ACTING IS A “QUALIFIED INSTITUTIONAL BUYER” (WITHIN THE MEANING OF RULE
144A UNDER THE SECURITIES ACT) AND THAT IT EXERCISES SOLE INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT, OR 
 (B) IT IS NOT A U.S. PERSON (WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT) AND 
 (2) AGREES FOR THE BENEFIT OF KRAFT FOODS GROUP, INC. THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER THIS NOTE OR ANY BENEFICIAL INTEREST HEREIN, EXCEPT IN ACCORDANCE WITH THE SECURITIES ACT
AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND ONLY 
 (A) TO KRAFT FOODS GROUP, INC.,

 (B) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT, 

(C) TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, 

(D) IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, 

(E) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR
(7) UNDER THE SECURITIES ACT THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AND THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER INSTITUTIONAL ACCREDITED INVESTOR, IN EACH CASE IN A MINIMUM PRINCIPAL AMOUNT OF SECURITIES OF
$250,000, OR 
 (F) PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OR
ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 

 PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH (2)(C) ABOVE OR
(2)(D) ABOVE, A DULY COMPLETED AND SIGNED CERTIFICATE (THE FORM OF WHICH MAY BE OBTAINED FROM THE TRUSTEE) MUST BE DELIVERED TO THE TRUSTEE. PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH (F) ABOVE, KRAFT FOODS GROUP, INC.
RESERVES THE RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL OPINIONS, CERTIFICATIONS OR OTHER EVIDENCE AS MAY REASONABLY BE REQUIRED IN ORDER TO DETERMINE THAT THE PROPOSED TRANSFER IS BEING MADE IN COMPLIANCE WITH THE SECURITIES ACT AND APPLICABLE
STATE SECURITIES LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF ANY RULE 144 EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.] 
 [GLOBAL NOTES ONLY][UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR
ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), 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. 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT
NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE
REFERRED TO ON THE REVERSE HEREOF.] 
 BY ITS ACQUISITION OF THIS SECURITY OR ANY INTEREST HEREIN, THE HOLDER THEREOF WILL BE
DEEMED TO HAVE REPRESENTED AND WARRANTED THAT EITHER (1) NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD THIS SECURITY OR ANY INTEREST HEREIN CONSTITUTES THE ASSETS OF AN EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO TITLE I OF THE
U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OF A PLAN, INDIVIDUAL RETIREMENT ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE
“CODE”) OR PROVISIONS UNDER ANY OTHER FEDERAL, STATE, LOCAL, NON-U.S. OR OTHER LAWS OR REGULATIONS THAT ARE SIMILAR TO SUCH PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAWS”), OR OF AN ENTITY WHOSE UNDERLYING ASSETS ARE CONSIDERED
TO INCLUDE “PLAN ASSETS” OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT, OR (2) THE ACQUISITION AND HOLDING OF THIS SECURITY OR ANY INTEREST HEREIN WILL NOT CONSTITUTE A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE OR A SIMILAR VIOLATION UNDER ANY APPLICABLE SIMILAR LAWS. 
 KRAFT FOODS GROUP, 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 [Original Definitive Note: Kraft Foods
Inc.][Global Notes: Cede & Co.] or registered assigns, the principal sum of $[•] [in the case of a Global Note: (or such other amount as may be reflected on the schedule of exchanges of interest in the global note
attached hereto)] on February 9, 2040, and to pay interest thereon from July 18, 2012 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semiannually on February 9 and August 9, in
each year, commencing August 9, 2012, at the rate of 6.500% per annum until the principal hereof is paid or made available for payment. 
 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 January 25 and July 25 (whether or not a Business Day), as the case may be, next preceding such Interest Payment
Date. Any such 

  
 - 2 -

 
interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holders 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. 
 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 as at the time of payment is legal tender for payment of public and private
debts; 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 to an
account maintained by the payee at a bank located in the United States. All payments of principal and interest in respect of this Note will be made by the Company in immediately available funds. 

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. 
 Signature Page Follows 

  
 - 3 -

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

			
	KRAFT FOODS GROUP, INC.
		
	By:	 	 
	Name:	 	
	Title:	 	
		
	Attest:	 	
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 - 4 -

 CERTIFICATE OF AUTHENTICATION 

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

Dated: [•]. 
  

			
	 DEUTSCHE BANK TRUST COMPANY
 AMERICAS, as Trustee

		
	By:	 	 
	Name:	 	
	Title:	 	

  
 - 5 -

 (Reverse of Note) 
 KRAFT FOODS GROUP, 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 $787,483,000 (except as provided in the
Indenture hereinafter mentioned), all such Securities issued and to be issued under an Indenture dated as of June 4, 2012 between the Company and Deutsche Bank Trust Company Americas, as Trustee (the “Base Indenture”), as supplemented
by Supplemental Indenture No. 2, dated as of July 18, 2012, among the Company, Kraft Foods Inc. (the “Guarantor”) and the Trustee (the “Supplemental Indenture” and together with the Base Indenture, 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 6.500%
Notes due 2040 (the “Notes”). 
 The Company may, without the consent of the Holders of the Notes, issue additional
Notes having the same ranking and the same interest rate, maturity and other terms as the Notes, except for the issue price, issue date and, in some cases, the first payment of interest or interest accruing prior to the issue date of such additional
Notes. Any additional Notes having such similar terms, together with the Notes, shall constitute a single series of notes under the Indenture. No additional Notes may be issued if an Event of Default has occurred with respect to the Notes.

 Guarantee 

Pursuant to Article Fourteen of the Base Indenture, the Guarantor hereby agrees that it shall provide a Guarantee on a senior unsecured
basis of the Company’s obligations under the Indenture with respect to the Notes. The Guarantor shall be automatically and unconditionally released and discharged from all obligations under the Indenture and the Guarantee without any action
required on the part of the Trustee or any Holder pursuant to Section 3.02 of the Supplemental Indenture. 
 Change of Control

 If a Change of Control Triggering Event (as defined below) occurs, unless the Company has exercised its right to redeem
the Notes, Holders may require the Company to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of their Notes pursuant to an offer (the “Change of Control Offer”) of payment in cash equal to
101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest, if any, on the Notes repurchased, to the date of purchase (the “Change of Control Payment”). Within 30 days following any Change of Control
Triggering Event, the Company will mail a notice to Holders describing the transaction or transactions that constitute the Change of Control Triggering Event and offering to repurchase the Notes on the date specified in the notice, which date will
be no earlier than 30 days and no later than 60 days from the date such notice is mailed (the “Change of Control Payment Date”), pursuant to the procedures described in such notice. The Company must comply with the requirements of Rule
14e-1 under the Securities Exchange Act of 1934 (the “Exchange Act”) and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a
result of a Change of Control Triggering Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control provisions of the Notes, the Company will comply with the applicable securities laws and
regulations and will not be deemed to have breached its obligations under the Change of Control provisions of the Notes by virtue of such conflicts. 

  
 - 6 -

 On the Change of Control Payment Date, the Company will, to the extent lawful: 

 

	 	•	 	 accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer; 

 

	 	•	 	 deposit with the paying agent an amount equal to the Change of Control Payment in respect of all Notes or portions of Notes properly tendered; and

  

	 	•	 	 deliver or cause to be delivered to the Trustee the Notes properly accepted together with an officers’ certificate stating the aggregate principal
amount of Notes or portions of Notes being purchased. 

 The paying agent will promptly mail to each Holder of
notes properly tendered the purchase price for the Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Note equal in principal amount to any unpurchased portion of any Notes
surrendered; provided that each new Note will be in a principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. 
 The Company will not be required to make an offer to repurchase the Notes upon a Change of Control Triggering Event if a third party makes such an offer in the manner, at the times and otherwise in
compliance with the requirements for an offer made by the Company and such third party purchases all Notes properly tendered and not withdrawn under its offer. 
 For purposes of the foregoing discussion of a repurchase at the option of Holders, the following definitions are applicable: 

“Below Investment Grade Rating Event” means the Notes are rated below an Investment Grade Rating by each of the
Rating Agencies (as defined below) on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of the Change of Control (which
60-day period shall be extended so long as the rating of the Notes is under publicly announced consideration for possible downgrade by any of the Rating Agencies); provided that a below investment grade rating event otherwise arising by
virtue of a particular reduction in rating shall not be deemed to have occurred in respect to a particular Change of Control (and thus shall not be deemed a below investment grade rating event for purposes of the definition of Change of Control
Triggering Event hereunder) if the rating agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the Trustee in writing at its request that the reduction was the result,
in whole or in part, of any event or circumstance comprising or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the below investment grade
rating event). 
 “Change of Control” means the occurrence of any of the following: (1) the direct
or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the Company and its subsidiaries taken
as a whole to any Person or group of related persons for purposes of Section 13(d) of the Exchange Act (a “Group”) other than the Company or one of its subsidiaries, and other than the Internal Reorganization; (2) the approval by
the holders of the Company’s common stock of any plan or proposal for the liquidation or dissolution of the Company (whether or not otherwise in compliance with the provisions of the indenture); (3) the consummation of any transaction
(including, without limitation, any merger or consolidation) the result of which is that any Person or Group becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares of the Company’s voting
stock; or (4) the first day on which a majority of the members of the Company’s Board of Directors are not Continuing Directors. 
 “Change of Control Triggering Event” means the occurrence of both a Change of Control and a Below Investment Grade Rating Event. 

“Continuing Directors” means, as of any date of determination, any member of the Board of Directors of the
Company who (1) was a member of such Board of Directors on the date of the issuance of the Notes; or (2) was nominated for election or elected to such Board of Directors with the approval of a

  
 - 7 -

 
majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination or election (either by a specific vote or by approval of the Company’s proxy
statement in which such member was named as a nominee for election as a director, without objection to such nomination). 
 “Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, respectively. 

“Moody’s” means Moody’s Investors Service, Inc. 

“Person” has the meaning set forth in the indenture and includes a “person” as used in
Section 13(d)(3) of the Exchange Act. 
 “Rating Agencies” means (1) each of Moody’s and
S&P and (2) if any of Moody’s or S&P ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating
organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act, selected by the Company (as certified by a resolution of the Company’s Board of Directors) as a replacement agency for Moody’s or S&P, or both of
them, as the case may be. 
 “S&P” means Standard & Poor’s Ratings Services, a
division of The McGraw-Hill Companies, Inc. 
 Payment of Additional Amounts 

Section 1010 of the Base Indenture shall be applicable to the Notes, except that the term “Holder,” when used in
Section 1010 of the Base Indenture, shall mean the beneficial owner of a Note or any person holding on behalf or for the account of the beneficial owner of a Note. 
 Redemption for Tax Reasons 
 The Company may redeem the Notes prior to
maturity in whole, but not in part, on not more than 60 days’ notice and not less than 30 days’ notice at a redemption price equal to the principal amount of such Notes plus any accrued interest and additional amounts to the date fixed for
redemption if: 
  

	 	•	 	 as a result of a change in or amendment to the tax laws, regulations or rulings of the United States or any political subdivision or taxing authority
of or in the United States or any change in official position regarding the application or interpretation of such laws, regulations or rulings (including a holding by a court of competent jurisdiction in the United States) that is announced or
becomes effective on or after July 18, 2012, the Company has or will become obligated to pay additional amounts with respect to such series of Notes as described in Section 1010 of the Base Indenture, or 

 

	 	•	 	 on or after July 18, 2012, any action is taken by a taxing authority of, or any decision has been rendered by a court of competent jurisdiction
in, the United States or any political subdivision of or in the United States, including any of those actions specified above, whether or not such action was taken or decision was rendered with respect to the Company, or any change, amendment,
application or interpretation is officially proposed, which, in any such case, in the written opinion of independent legal counsel of recognized standing, will result in a material probability that the Company will become obligated to pay additional
amounts with respect to such series of Notes, and the Company, in its business judgment, determines that such obligations cannot be avoided by the use of reasonable measures available to the Company. 

If the Company exercises its option to redeem the Notes, the Company will deliver to the Trustee a certificate signed by an authorized
officer stating that it is entitled to redeem the Notes and an opinion of independent tax counsel to the effect that the circumstances described in the above bullets exist. 

  
 - 8 -

 Payment of Additional Interest 

The Company shall pay all Additional Interest, if any, in the same manner and on the same dates as interest at the rate stated herein and
in the amounts set forth in the Registration Rights Agreement. 
 For purposes of the foregoing discussion of additional
interest, the following definitions are applicable: 
 “Additional Interest” means all interest payable
as a consequence of the failure to effectuate in a timely manner the Exchange Offer and/or shelf registration procedures set for in the Registration Rights Agreement. 

“Registration Rights Agreement” means (i) the registration rights agreement, dated as of July 18, 2012
among the Company, the Guarantor, and the dealer managers party thereto and (ii) with respect to any additional Notes, one or more substantially similar registration rights agreements among the Company and the other parties thereto, as such
agreements may be amended from time to time. 
 Reports 
 For so long as any Notes are outstanding, the Company will furnish to Holders and prospective purchasers of the Notes, upon their request, the information required to be delivered pursuant to Rule
144A(d)(4) under the Securities Act of 1933, as amended (the “Securities Act”). The requirements set forth in this paragraph may be satisfied by delivering such information to the Trustee and posting copies of such information on a website
(which may be nonpublic and may be maintained by the Company or a third party, provided, that the Trustee will have no responsibility to determine if such posting has occurred) to which access will be given to Holders and prospective
purchasers of the Notes (which prospective purchasers will be limited to “qualified institutional buyers” within the meaning of Rule 144A of the Securities Act or non-U.S. persons (as defined in Regulation S under the Securities Act) that
certify their status as such to the reasonable satisfaction of the Company. 
 Defeasance 

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. 
 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 Obligations sufficient to pay and discharge the entire indebtedness on a the Indenture. 

Events of Default 
 If an
Event of Default (other than an Event of Default described in Section 501(4) or 501(5) of the Base 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) of the Base Indenture 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 and with the effect provided
in the Indenture without any declaration or other act by the Trustee or any Holder. 
 Amendments 

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 

  
 - 9 -

 
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. 
 Payment 
 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 interest on this Note at the times, place and rate, and in the coin or currency, herein and in the Indenture
prescribed. 
 Transfer, Registration and Exchange 
 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 due or 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 $2,000 and any multiple of $1,000 in excess thereof. 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. 
 The Notes are
not subject to a sinking fund. 
 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. 

  
 - 10 -

 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 
  
  

 
  
 to transfer the said Note on the books of Kraft Foods Group, 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.

  
 - 11 -

 CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR 

REGISTRATION OF TRANSFERS OF TRANSFER RESTRICTED NOTES1 
 This certificate relates to $                     principal amount of Notes held in (check applicable
space)                     book-entry
or                     definitive form by the undersigned. 
 The undersigned (check one box below): 
 has requested the Trustee by written order
to deliver in exchange for its beneficial interest in a Global Note held by the Depositary a Note or Notes in definitive, registered form of authorized denominations and an aggregate principal amount equal to its beneficial interest in such Global
Note (or the portion thereof indicated above) in accordance with the Indenture; or 
 has requested the Trustee by written order
to exchange or register the transfer of a Note or Notes. 
 In connection with any transfer of any of the Notes evidenced by
this certificate, the undersigned confirms that such Notes are being transferred in accordance with its terms: 
 CHECK ONE BOX
BELOW 
  

	 	(1)	to the Company or subsidiary thereof; or 

  

	 	(2)	to the Registrar for registration in the name of the Holder, without transfer; or 

 

	 	(3)	pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “Securities Act”); or 

 

	 	(4)	to a Person that the undersigned reasonably believes is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act
(“Rule 144A”)) that purchases for its own account or for the account of a qualified institutional buyer and to whom notice is given that such transfer is being made in reliance on Rule 144A, in each case pursuant to and in
compliance with Rule 144A; or 

  

	 	(5)	pursuant to offers and sales to non-U.S. persons that occur outside the United States of America within the meaning of Regulation S under the Securities Act (and if the
transfer is being made prior to the expiration of the Distribution Compliance Period, the Notes shall be held immediately thereafter through Euroclear or Clearstream); or 

 

	 	(6)	to an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act) that has furnished to the Trustee
a signed letter in the form provided on the reverse side of such Notes; or 

  

	 	(7)	pursuant to Rule 144 under the Securities Act; or 

  

	 	(8)	pursuant to another available exemption from registration under the Securities Act. 

 
  

	1 	 This certificate shall not be included as part of the Original Definitive Notes. 

  
 - 12 -

 Unless one of the boxes is checked, the Trustee will refuse to register any of the Notes
evidenced by this certificate in the name of any Person other than the registered Holder thereof; provided, however, that if box (7) or (8) is checked, the Company or the Trustee may require, prior to registering any
such transfer of the Notes, such legal opinions, certifications and other information as the Company or the Trustee has reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject
to, the registration requirements of the Securities Act. 
  

					
			
		 		 	 
		 		 	Your Signature
			
	
Date:                       
         
	 		 	 
		 		 	Signature of Signature
		 		 	Guarantor

 TO BE COMPLETED BY PURCHASER IF (4) ABOVE IS CHECKED. 

The undersigned represents and warrants that it is purchasing this Note for its own account or an account with respect to which it
exercises sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A, and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges
that it has received such information regarding the Company as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon the undersigned’s
foregoing representations in order to claim the exemption from registration provided by Rule 144A. 
  

					
			
	
Dated:                       
         
	 		 	 
		 		 	NOTICE: To be executed by
		 		 	                  an executive officer
		 		 	Name:
		 		 	Title:

 Signature Guarantee*:
                                        

  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 - 13 -

 TO BE COMPLETED IF THE HOLDER REQUIRES AN EXCHANGE FROM A 

REGULATION S GLOBAL NOTE TO AN UNRESTRICTED GLOBAL NOTE, 

PURSUANT TO SECTION 2.2(d)(iii) OF APPENDIX A TO THE INDENTURE2 

The undersigned represents and warrants that either: 
 the undersigned is not a dealer (as defined in the Securities Act) and is a non-U.S. person (within the meaning of Regulation S under the Securities Act); or 

the undersigned is not a dealer (as defined in the Securities Act) and is a U.S. person (within the meaning of Regulation S under the
Securities Act) who purchased interests in the Notes pursuant to an exemption from, or in a transaction not subject to, the registration requirements under the Securities Act; or 

the undersigned is a dealer (as defined in the Securities Act) and the interest of the undersigned in this Note does not constitute the
whole or a part of an unsold allotment to or subscription by such dealer for the Notes. 
  

					
			
	
Dated:                       
                         
	 		 	 
		 		 	Your Signature

  

	2 	 Include only for Regulation S Global Notes. 

  
 - 14 -

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have all or part of this Note purchased by the Company pursuant to Change of Control, state the amount you elect
to have purchased: 
  

					
			
	$                        	 		 	 (integral multiples of $1,000,
 provided that the unpurchased
 portion must be in a minimum

principal amount of $2,000)

Date:                     
             
  

					
	Your Signature:	 	 
		 		 	(Sign exactly as your name appears on the face of this Note)
	Tax Identification No.:	 	 

 Signature
Guarantee*:                                       
                                         
                               

 

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 - 15 -

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 

The initial outstanding principal amount of this Global Note is
$            . The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or
Definitive Note for an interest in this Global Note, have been made: 
  

									
	 Date of Exchange
	  	Amount of decrease
in Principal Amount of
this
Global Note	  	Amount of
increase
in Principal
Amount of
this
Global Note	  	Principal
Amount of
this Global
Note
following
such
decrease or
increase	  	Signature of authorized
signatory of
Trustee,
Depositary or
Custodian

  

 

	*	This schedule should be included only if the Note is issued in global form. 

  
 - 16 -

 FORM OF 

TRANSFEREE LETTER OF REPRESENTATION3 
 Kraft Foods
Group, Inc. 
 Three Lakes Drive 

Northfield, IL 60093 
 Fax No.:
(847) 646-3173 
 Email: Darin.Aprati@kraftfoods.com 
 Attention: Treasurer 
 Ladies and Gentlemen: 

This certificate is delivered to request a transfer of $[            ]
principal amount of the 6.500% Senior Notes due 2040 (the “Notes”) of Kraft Foods Group, Inc. (the “Company”). 
 Upon transfer, the Notes would be registered in the name of the new beneficial owner as follows: 
 Name:                                
                   

Address:                     
                          
 Taxpayer ID Number:                           

The undersigned represents and warrants to you that: 
 1. We are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act of 1933, as amended (the “Securities Act”)),
purchasing for our own account or for the account of such an institutional “accredited investor” at least $250,000 principal amount of the Notes, and we are acquiring the Notes, for investment purposes and not with a view to, or for offer
or sale in connection with, any distribution in violation of the Securities Act. We have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of our investment in the Notes, and we
invest in or purchase securities similar to the Notes in the normal course of our business. We, and any accounts for which we are acting, are each able to bear the economic risk of our or its investment. 

2. We understand that the Notes have not been registered under the Securities Act and, unless so registered, may not be sold except as
permitted in the following sentence. We agree on our own behalf and on behalf of any investor account for which we are purchasing Notes to offer, sell or otherwise transfer such Notes prior to the date that is one year after the later of the date of
original issue and the last date on which the Company or any affiliate of the Company was the owner of such Notes (or any predecessor thereto) (the “Resale Restriction Termination Date”) only in accordance with the Restricted Notes
Legend (as such term is defined in the supplemental indenture under which the Notes were issued) on the Notes and any applicable securities laws of any state of the United States of America. The foregoing restrictions on resale will not apply
subsequent to the Resale Restriction Termination Date. If any resale or other transfer of the Notes is proposed to be made pursuant to clause 2.2(d)(ii) of Appendix A to the supplemental indenture under which the Notes were issued prior to the
Resale Restriction Termination Date, the transferor shall deliver a letter from the transferee substantially in the form of this letter to the Company and the Trustee, which shall provide, among other things, that the transferee is an institutional
“accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act and that it is acquiring such Notes for investment purposes and not for distribution in violation of the Securities Act.
Each purchaser acknowledges that the Company and the Trustee reserve the right prior to the offer, sale or other transfer prior to the Resale Restriction Termination Date of the Notes with respect to applicable transfers described in the Restricted
Notes Legend to require the delivery of an opinion of counsel, certifications and/or other information satisfactory to the Company and the Trustee. 
  

 

	3 	 This certificate shall not be included as part of the Original Definitive Notes. 

  
 - 17 -

TRANSFEREE:                 
                                         
       , 

by:                   
                                         
                          

  
 - 18 -Securities Purchase Agreement

 Exhibit 10.1 
 EXECUTION COPY 
 SECURITIES PURCHASE AGREEMENT 

THIS SECURITIES PURCHASE AGREEMENT (this “Agreement”), dated as of August 6, 2012, is made by and among
Knight Capital Group, Inc., a Delaware corporation (the “Company”) and the investors signatory hereto (each, an “Investor” and collectively, the “Investors”). 

W I T N E S S E T H: 

WHEREAS, each of the Investors and the Company desires that the Investors will purchase and acquire from the Company, and the Company
will issue and sell to each Investor, that number of shares of two newly created series of preferred stock designated the Series A-1 Perpetual Convertible Preferred Stock, par value $.01 per share (“Series A-1 Shares”) and
Series A-2 Perpetual Convertible Preferred Stock, par value $.01 per share (“Series A-2 Shares” and together with the Series A-1 Shares, the “Securities”), of the Company, set forth opposite such
Investor’s name on Exhibit A hereto and having the terms, rights, obligations and preferences set forth in the Certificate of Designation (the “Preferred Stock CoD”) attached as Exhibit B hereto, in each
case, at a purchase price of $1,000 per share; 
 WHEREAS, each Investor is acting independently of each other Investor and is
making an independent investment decision with respect to its purchase of Securities and otherwise with respect to the Transaction Documents and transactions contemplated thereby; 

NOW THEREFORE, in consideration of the premises and of the respective representations, warranties, covenants and conditions contained
herein, the parties hereto agree as follows. 
 ARTICLE I 

AUTHORIZATION AND SALE OF SECURITIES 
 Upon the terms and subject to the conditions of this Agreement, on the Closing Date the Company shall issue, sell and deliver to each Investor, in the amounts set forth on Exhibit A hereto, and
each such Investor shall, severally and not jointly, purchase from the Company that number of Securities set forth opposite such Investor’s name on Exhibit A hereto, at a purchase price of $1,000 per share, free and clear of all liens,
encumbrances, equities or claims for an aggregate purchase price of $400,000,000 in cash (the “Purchase Price”) to be paid in full to the Company. 
 ARTICLE II 
 CLOSING AND DELIVERY OF SECURITIES AND FUNDS 

Section 2.1 The consummation of the transactions contemplated hereby (the “Closing”) shall take place,
subject to the satisfaction or waiver of all conditions to the Closing set forth in Article III hereof, at the offices of Wachtell, Lipton, Rosen & Katz, 51 West 52nd Street, New York City, at 8:30 a.m. New York City time on
August 6, 2012 (such date, the 

 
“Closing Date”), subject to all conditions set forth in Article III having been satisfied or waived (other than those conditions that by their nature are to be satisfied
by actions taken at Closing). 
 Section 2.2 At the Closing, each Investor shall deliver to the Company: 

(a) an amount equal to each Investor’s share of the Purchase Price (as set forth on Exhibit A), such amount may be net of any
expenses or fees and is to be delivered in immediately available funds by wire transfer to the account set forth in Schedule 2.2 hereto, and 
 (b) all other documents to be delivered to the Company by such Investor pursuant to Section 3.2 hereof. 
 Section 2.3 At the Closing, the Company shall deliver to the Investors: 

(a) an aggregate of 400,000 shares of Securities, such amount allocated to and registered in the name of each Investor, as set forth on
Exhibit A hereto, with each Investor receiving 19.9% of such Securities as Series A-1 and 80.1% of such Securities as Series A-2; and 
 (b) all other documents and certificates to be delivered to the Investors by the Company pursuant to Section 3.1 hereof. 

The Company will deliver the Securities at the Closing in the form of physical share certificates, and the Company will use its
reasonable best efforts to engage a transfer agent promptly following Closing and effect the transfer of physical certificates into book-entry form in accordance with customary procedures. 

ARTICLE III 

CLOSING CONDITIONS 
 The obligation of the parties to complete the transactions contemplated by Article II hereof (the “Securities Purchase”) shall be conditioned on the satisfaction or
waiver of the following conditions. 
 Section 3.1 The obligation of the Investors to complete the Securities Purchase
shall be conditioned on the satisfaction or waiver by the Investors of the following conditions. 
 (a) The Investors shall
have received an opinion, dated the Closing Date, from Wachtell, Lipton, Rosen & Katz, and/or another nationally recognized law firm, as counsel to the Company, as to the validity of the Securities being sold in the Securities Purchase, the
compliance of the Securities Purchase with federal securities laws, and other matters as are customary in comparable securities purchases substantially in the form set forth in Schedule 3.1(a) to this Agreement. 

(b) The representations and warranties of the Company contained in this Agreement shall be true and correct on and as of the date hereof
and on and as of the Closing 

  
 -2-

 
Date as if made on and as of the Closing Date (except for any such representations or warranties expressly made as of the date hereof or as of another date, which shall be true and correct as of
such date), and the Investors shall have received a certificate of the Chief Executive Officer of the Company, dated as of the Closing Date, substantially in the form set forth in Schedule 3.1(b) to this Agreement, certifying to that fact.

 (c) The Company shall have performed in all material respects all of its covenants and obligations in this Agreement that
are to be performed at or prior to the Closing Date, and the Investors shall have received a certificate of the Chief Executive Officer of the Company, dated as of the Closing Date, substantially in the form set forth in Schedule 3.1(b) to
this Agreement, certifying to that fact. 
 (d) The Company shall use its best efforts to have filed or caused to be filed by
6:45 A.M. New York Time and in no event later than 8:00 A.M. New York Time on the Closing Date, a shelf registration statement on Form S-3 (the “Shelf”), for the issuance and resale of the Securities and the shares of
Class A Common Stock, par value $0.01 per share, of the Company (the “Common Stock”) into which the Securities are convertible, with the Securities and Exchange Commission (the “Commission”), in
accordance with and pursuant to Rule 415 promulgated under the Securities Act of 1933, as amended (the “Securities Act”) (or any successor rule then in effect), the Shelf shall have become automatically effective upon its
filing, and no stop order or other suspension of the effectiveness thereof shall have occurred. 
 (e) The Company shall have
duly filed with the Secretary of State of the State of Delaware the Preferred Stock CoD. 
 (f) On the Closing Date, the
Company shall have duly executed and delivered to the Investors a Registration Rights Agreement in substantially the form set forth as Exhibit C hereto (the “Registration Rights Agreement”). 

Section 3.2 The obligation of the Company to complete the Securities Purchase shall be conditioned on the satisfaction or waiver by
the Company of the following conditions. 
 (a) The representations and warranties of the Investors contained in this Agreement
shall be true and correct on and as of the date hereof and on and as of the Closing Date as if made on and as of the Closing Date (except for any such representations or warranties made as of the date hereof or as of another date, which shall be
true and correct as of such date). 
 (b) Each Investor shall have performed in all material respects all of its covenants and
obligations in this Agreement that are to be performed at or prior to the Closing. 
 (c) On the Closing Date, each Investor
shall have duly executed and delivered to the Company the Registration Rights Agreement. 

  
 -3-

 ARTICLE IV 
 REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE COMPANY 
 The Company
hereby represents and warrants to, and covenants with, the Investors, that, except as otherwise disclosed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2011 or its other reports and forms filed with or
furnished to the Commission under Sections 12, 13, 14 or 15(d) of the Securities Exchange Act of 1934 (the “Exchange Act”) after December 31, 2011 (excluding disclosures of risks included in any forward-looking
statement disclaimers or other statements that are similarly nonspecific and are predictive and forward-looking in nature) (the “SEC Reports”) and before the date of this Agreement, on the date hereof and as of the Closing
Date (or such other date specified herein): 
 Section 4.1 Organization, Authority and Significant Subsidiaries.
The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of the State of Delaware, with corporate power and authority to own its properties and conduct its business as currently conducted, and,
except as has not and could not be reasonably likely to have a Material Adverse Effect (as defined below), has been duly qualified as a foreign corporation for the transaction of business and is in good standing under the laws of each other
jurisdiction in which it owns or leases properties, or conducts any business so as to require such qualification; each subsidiary of the Company that is a “significant subsidiary” within the meaning of Rule 1-02(w) of Regulation S-X under
the Securities Act (individually a “Significant Subsidiary” and collectively the “Significant Subsidiaries”) has been duly organized and is validly existing in good standing under the laws of its
jurisdiction of organization. 
 Section 4.2 Capitalization. The authorized capital stock of Company consists of
500,000,000 shares of Class A common stock (the “Common Stock”), 20,000,000 shares of Class B common stock (the “Class B Common Stock”) and 20,000,000 shares of preferred stock, of which, as of August 3, 2012,
(1) 97,809,563 shares of Common Stock were issued and outstanding, (2) 2,674,000 shares of Common Stock were reserved for issuance in respect of outstanding options, warrants and convertible securities, and (3) no shares of preferred
stock were issued and outstanding. As of such date, the Company held 72,528,395 shares of Common Stock in its treasury. The Company has no series or class of capital stock, whether or not issued or outstanding, that will, upon issuance of the
Securities, rank senior to the Securities with respect to the payment of dividends or the distribution of assets in the event of any dissolution, liquidation or winding up of the Company. The Company will reserve that number of shares of Common
Stock sufficient for issuance upon conversion of the Securities being issued and sold pursuant to this Agreement. 

Section 4.3 Authorization, Enforceability of Transaction Documents. The Company has the power and authority to enter into
the Transaction Documents (as defined below) and to carry out its obligations hereunder and thereunder (which includes the issuance of the Securities and the Common Stock to be issued upon conversion of the Securities). The execution, delivery and
performance of the Transaction Documents (as defined below) by the Company and the consummation of the transactions contemplated hereby and thereby have been duly authorized by all necessary corporate action on the part of the Company and its

  
 -4-

 
stockholders other than the filing of the Preferred Stock CoD with the Secretary of State of the State of Delaware pursuant to this Agreement, which will be made prior to the Closing. 

This Agreement and the other Transaction Documents will be validly executed and delivered by the Company and assuming due authorization,
execution and delivery of such agreement by each other party thereto, will constitute a valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as the same may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and general equitable principles, regardless of whether such enforceability is considered in a proceeding at law or in
equity (“Bankruptcy Exceptions”). 
 As of the date of execution of the Transaction Documents, and
assuming the accuracy of the representation of each Investor in Sections 5.8 and 5.9, neither the execution, delivery and performance by the Company hereof and thereof, nor the consummation of the transactions contemplated hereby and thereby, nor
compliance by the Company with any of the provisions thereof, will violate, conflict with, or result in a breach of any provision of, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default)
under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration of or result in the creation of, any lien, security interest, charge or encumbrance upon any of the properties or
assets of the Company or any Significant Subsidiary under any of the terms, conditions or provisions of (A) its certificate of incorporation or bylaws or (B) any note, bond, mortgage, indenture, deed of trust, license, lease, agreement or
other instrument or obligation to which the Company or any Significant Subsidiary is a party or by which it may be bound, or to which the Company or any Significant Subsidiary or any of the properties or assets of the Company or any Significant
Subsidiary may be subject, or (C) subject to compliance with the statutes and regulations referred to in the next paragraph, any statute, rule or regulation or any judgment, ruling, order, writ, injunction or decree applicable to the Company or
any Significant Subsidiary or any of their respective properties or assets except, in the case of clauses (B) and (C), for those occurrences that, individually or in the aggregate, could not reasonably be expected to result in a Material
Adverse Effect. 
 Other than the filing of the Preferred Stock CoD with the Secretary of State of the State of Delaware, any
current report on Form 8-K required to be filed with the Commission, the expiration of any applicable waiting period (if any) under the Hart-Scott-Rodino Antitrust Improvements Act, any notice required by the NYSE to be provided to stockholders, and
such as have been made or obtained, no notice to, filing with, exemption or review by, or authorization, consent or approval of, any governmental or regulatory authority (collectively, “Governmental Entities”) is required to
be made or obtained by the Company in connection with the Securities Purchase (the “Required Approvals”). 
 As used herein, the term “Transaction Documents” refers collectively to this Agreement and the Registration Rights Agreement. 

Section 4.4 Company Financial Statements. The audited and interim consolidated financial statements of the Company and its
subsidiaries included or incorporated by reference in the SEC Reports present fairly in all material respects the consolidated financial 

  
 -5-

 
position of the Company and its consolidated subsidiaries as of the dates indicated therein and the consolidated results of their operations for the periods specified therein (subject, in the
case of the unaudited interim financial statements to normal year-end adjustments); and except as stated therein, such financial statements were prepared in conformity with generally accepted accounting principles in the U.S. applied on a consistent
basis (except as may be noted therein). For purposes of this Section 4.4 and Section 4.5, the “SEC Reports” shall include the Form 8-K that will be filed by the Company prior to the filing of the Shelf in
substantially the form attached hereto as Exhibit D. 
 PricewaterhouseCoopers LLP, who have certified certain financial
statements of the Company and its subsidiaries, are independent public accountants as required by the Exchange Act and the rules and regulations of the Commission and the Public Company Accounting Oversight Board. 

The Company and its subsidiaries do not have any liabilities or obligations (accrued, absolute, contingent or otherwise), other than
liabilities or obligations (i) reflected on, reserved against, or disclosed in the notes to, the Company’s consolidated balance sheet included in the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 31,
2012, (ii) disclosed in the Company’s Current Report on Form 8-K filed on July 18, 2012 or (iii) that could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

Section 4.5 No Material Adverse Effect. Since January 1, 2012 and except as described in the SEC Reports, (i) no
event or circumstance has occurred that, individually or in the aggregate, has had or could reasonably be expected to have a Material Adverse Effect, and (ii) with the exception of the Trading Loss and actions and losses taken in response
thereto, the Company and each of its subsidiaries have conducted their business in the ordinary course and neither the Company nor any of its subsidiaries have experienced any material losses or other losses or events that could reasonably be
expected to alter in any material respect the balance sheet of the Company and its subsidiaries on a consolidated basis. 

Section 4.6 Proceedings. Except as disclosed in the SEC Reports, there are no litigation, regulatory, governmental or
similar proceedings pending or, to the Company’s knowledge, threatened to which the Company or any of its subsidiaries is a party or of which any property of the Company or any of its subsidiaries is the subject which, individually or in the
aggregate, could reasonably be expected to have a Material Adverse Effect. 
 Section 4.7 Compliance with Laws;
Permits. The Company and each of its subsidiaries have conducted their businesses in compliance with and currently are in compliance with all applicable federal, state and foreign laws, regulations and applicable stock exchange requirements
(including but not limited to compliance with all net capital requirements under Rule 15c3-1 and Rule 15c3-3 under the Exchange Act, as applicable), except where (i) the failure to be in compliance could not reasonably be expected to have,
individually or in the aggregate, a Material Adverse Effect or (ii) the necessity of compliance, or the failure to comply, therewith is being contested in good faith by appropriate proceedings. 

  
 -6-

 The Company and each of its subsidiaries have all permits, licenses, authorizations, orders
and approvals of, and have made all filings, applications and registrations with, any Governmental Entities that are required in order to carry on their business as presently conducted, except where the failure to have such permits, licenses,
authorizations, orders and approvals or the failure to make such filings, applications and registrations, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect; and all such permits, licenses,
certificates of authority, orders and approvals are in full force and effect and, to the knowledge of the Company, no suspension or cancellation of any of them is threatened, and all such filings, applications and registrations are current, except
where such absence, suspension or cancellation, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 
 Section 4.8 Authorization of Securities. The issuance of the Securities to be issued pursuant to this Agreement and the issuance of Common Stock upon conversion of the Securities have been
duly authorized by all necessary corporate action on the part of the Company, and (taking into account the matters described in Section 4.10) no approval of the Company’s stockholders is required under any law or under the regulations and
policies of any securities exchange in connection therewith. Upon the issuance and sale of the Securities to be issued pursuant to this Agreement and the issuance, in accordance with the terms of the Preferred Stock CoD, of Common Stock into which
the Securities are convertible, such Securities and Common Stock will (A) be duly authorized by all necessary corporate action on the part of the Company, (B) be validly issued, fully paid and nonassessable, (C) not have been issued
in violation of any preemptive or other similar right, and (D) if such shares are treasury shares, be free of any adverse claim. 
 Section 4.9 Reports. Since January 1, 2011, the Company has timely filed all documents required to be filed with the Commission pursuant to Sections 13(a), 14(a) or 15(d) of the
Exchange Act, except where the failure to so file could not reasonably be expected to have a Material Adverse Effect. 
 The
SEC Reports filed by the Company prior to the Closing Date, when they became effective or were filed with the Commission, as the case may be, conformed in all material respects to the requirements of the Securities Act or the Exchange Act, as
applicable, and the rules and regulations of the Commission thereunder, and none of such documents contained an untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make such
statements, in the light of the circumstances in which they were made, not misleading. 
 Since January 1, 2011, the
Company and each subsidiary have filed all material reports, registrations and statements, together with any required amendments thereto, that it was required to file with any applicable federal or state securities or banking authorities, except
where the failure to file any such report, registration or statement, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. As of their respective dates, each of the foregoing reports complied with all
applicable rules and regulations promulgated by applicable foreign, federal or state securities or banking authorities, as the case may be, except for any failure that, individually or in the aggregate, could not reasonably be expected to have a
Material Adverse Effect. 

  
 -7-

 The records, systems, controls, data and information of the Company and its subsidiaries
are recorded, stored, maintained and operated under means (including any electronic, mechanical or photographic process, whether computerized or not) that are under the exclusive ownership and direct control of the Company or the subsidiaries or
their accountants (including all means of access thereto and therefrom). The Company (i) has implemented and maintains disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) to ensure that material information
relating to the Company, including its subsidiaries, is made known to the chief executive officer and the chief financial officer of the Company by others within those entities, and (ii) has disclosed, based on its most recent evaluation prior
to the date hereof, to the Company’s outside auditors and the audit committee of the Company’s board of directors (A) any significant deficiencies and material weaknesses in the design or operation of internal controls over financial
reporting (as defined in Rule 13a-15(f) under the Exchange Act) that, individually or in the aggregate, could reasonably be expected to adversely affect the Company’s ability to record, process, summarize and report financial information and
(B) any fraud, whether or not material, that involves management or other employees who have a significant role in the Company’s internal controls over financial reporting. As of the date hereof, to the knowledge of the Company, there is
no reason that its outside auditors and its chief executive officer and chief financial officer will not be able to give the certifications and attestations required pursuant to the rules and regulations adopted pursuant to Section 404 of the
Sarbanes-Oxley Act of 2002, without qualification, when next due. No representation is given in the second and third sentences of this paragraph with respect to any facts arising out of the events described in Section 4.14. 

Section 4.10 NYSE Approval. The NYSE has informed the Company in writing that the “financial viability” exception
set forth in Section 312.05 of the NYSE’s Listed Company Manual will be applicable to the Securities Purchase and has not given any subsequent contrary indication. 
 Section 4.11 FINRA Approval. The Financial Industry Regulatory Authority (“FINRA”) has informed the Company that the consummation of the Securities Purchase will not
require the consent of FINRA and has not given any subsequent contrary indication. 
 Section 4.12 Ginnie Mae.
Urban Financial Group (“UFG”) is an approved seller/servicer in good standing with the Government National Mortgage Association (“Ginnie Mae”) and the United States Department of Housing and Urban
Development (“HUD”), is duly qualified, licensed, registered and otherwise authorized under all applicable federal, state and local laws, and regulations, and, if applicable, meets the minimum capital requirements set forth
by the Office of the Comptroller of the Currency, and will use its best efforts to ensure that it remains in compliance with the rules and procedures of Ginnie Mae and HUD necessary to remain in good standing. UFG has not received any notice or
other communication from Ginnie Mae or HUD indicating that UFG will face any contemplated, pending or threatened adverse change to its good standing with Ginnie Mae or HUD. 
 Section 4.13 UFG Lines of Credit. Listed on Schedule 4.13 are all warehouse lines of credit (the “Lines of Credit”) to which UFG is a party with
non-affiliates. UFG has not received any notice from any creditor thereunder that a default or event of default exists or may exist or that any creditor is reserving any of its rights under the Lines of Credit, no waiver,

  
 -8-

 
amendments or modifications to the Lines of Credit since July 31, 2012 have been validly executed and are now existing and UFG is able to borrow funds pursuant to the terms set forth in the
Lines of Credit. 
 Section 4.14 Recent Events. The trading loss (the “Trading Loss”)
sustained by the Company on August 1, 2012, as disclosed by the Company in its Form 8-K dated August 2, 2012, was the result of a technology malfunction related to the Company’s installation of trading software that caused the Company
to send for execution erroneous orders in NYSE-listed securities. The Trading Loss does not exceed approximately $440 million and did not result from any fraud or wrongful conduct by any officer, director or employee of the Company and this software
has been removed from the Company’s systems. 
 Section 4.15 WKSI Status. (i) At the execution time of
this Agreement (the “Execution Time”) (with such date being used as the determination date for purposes of this Section 4.15) and (ii) on the Closing Date, the Company was or is (as the case may be) a “well-known seasoned
issuer” as defined in Rule 405 of the Securities Act. 
 Section 4.16 Material Adverse Effect. As used in this
Agreement, the term “Material Adverse Effect” means (other than any of the following arising out of the events described in Section 4.14) any fact, circumstance, event, change, effect or occurrence that, individually or
in the aggregate with all other facts, circumstances, events, changes, effects or occurrences, has a material adverse effect on (i) the business, assets, liabilities, results of operations, financial condition or prospects of the Company and
its consolidated subsidiaries taken as a whole or (ii) the ability of the Company to consummate the transactions contemplated by this Agreement. 
 ARTICLE V 
 REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE INVESTORS

 Each Investor hereby represents and warrants to, and covenants with, the Company as follows (it being understood that
each Investor is providing such representations, warranties and covenants on its own behalf only and hereby makes no representations, warranties or covenants regarding any other Investor). 

Section 5.1 (1) It is (a) an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated under
the Securities Act, (b) aware that the sale of the Securities (including the Common Stock into which the Securities are convertible) to it is being made in reliance on a private placement exemption from registration under the Securities Act and
(c) acquiring the Securities for its own account. 
 (2) It understands and agrees on behalf of itself and on behalf of
any investor account for which it is purchasing Securities, and each subsequent holder of shares of Securities by its acceptance thereof will be deemed to agree, that such Securities are being offered in a transaction not involving any public
offering within the meaning of the Securities Act, that such Securities have not been and, except as contemplated by the Registration Rights Agreement, will not be registered under the Securities Act and that such

  
 -9-

 
Securities may be offered, resold, pledged or otherwise transferred only (i) in a transaction not involving a public offering, (ii) pursuant to an exemption from registration under the
Securities Act provided by Rule 144 thereunder (if available), (iii) pursuant to an effective registration statement under the Securities Act, or (iv) to the Company or one of its subsidiaries, in each of cases (i) through
(iv) in accordance with any applicable securities laws of any State of the United States, and that it will, and each subsequent holder is required to, notify any subsequent purchaser of Securities from it of the resale restrictions referred to
above, as applicable, and will provide the Company and the transfer agent such certificates and other information as they may reasonably require to confirm that the transfer by it complies with the foregoing restrictions, if applicable. 

(3) It understands that, unless sold pursuant to a registration statement that has been declared effective under the Securities Act or
in compliance with Rule 144, the Company may require that the Securities will bear a legend or other restriction substantially to the following effect (it being agreed that if the Securities are not certificated, other appropriate restrictions shall
be implemented to give effect to the following). 
 THIS SECURITY WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE
UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, (THE “SECURITIES ACT”), AND THIS SECURITY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. 

THE HOLDER OF THIS SECURITY AGREES FOR THE BENEFIT OF THE COMPANY THAT (A) THIS SECURITY MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED,
ONLY (I) IN A TRANSACTION NOT INVOLVING A PUBLIC OFFERING, (II) PURSUANT TO ANY OTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, INCLUDING RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE) SUBJECT TO THE COMPANY’S
RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSE (II) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO IT, (III) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OR (IV) TO THE COMPANY OR ANY OF ITS SUBSIDIARIES, IN EACH OF CASES (I) THROUGH (IV) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS
REQUIRED TO, NOTIFY ANY SUBSEQUENT PURCHASER OF THIS SECURITY FROM IT OF THE RESALE RESTRICTIONS REFERRED TO IN (A) ABOVE. 
 (4) It: (a) is able to fend for itself in the transactions contemplated hereby; (b) has such knowledge and experience in financial and business matters as to be capable of evaluating the merits
and risks of its prospective investment in the Securities; and (c) has the ability to bear the economic risks of its prospective investment and can afford the complete loss of such investment. 

(5) It understands that the Company will rely upon the truth and accuracy of the foregoing representations, acknowledgements and
agreements and agrees 

  
 -10-

 
that if any of the representations and acknowledgements deemed to have been made by it by its purchase of the Securities is no longer accurate, it shall promptly notify the Company. If it is
acquiring Securities as a fiduciary or agent for one or more accounts, it represents that it has sole investment discretion with respect to each such account and it has full power to make the foregoing representations, acknowledgements and
agreements on behalf of such account. 
 Section 5.2 It acknowledges that no action has been or will be taken in any
jurisdiction outside the United States by the Company that would permit an offering of the Securities, or possession or distribution of offering materials in connection with such issue of Securities, in any jurisdiction outside the United States
where action for that purpose is required. It will comply with all applicable laws and regulations in each foreign jurisdiction in which it may purchase, offer, sell or deliver Securities or have in its possession or distribute any offering
material, in all cases at its own expense. 
 Section 5.3 It has full right, power, authority and capacity to enter into
the Transaction Documents and to consummate the transactions contemplated thereby and has taken all necessary action to authorize the execution, delivery and performance of the Transaction Documents. 

Section 5.4 Status. It has been duly organized and is validly existing under the laws of its jurisdiction of incorporation
or organization. 
 Section 5.5 Authorization of the Registration Rights Agreement. As of the Closing Date, the
Registration Rights Agreement will have been duly authorized by such Investor, and will be validly executed and delivered by the Investor and assuming due authorization, execution and delivery of such agreement by the Company, will constitute a
valid and binding obligation of such Investor, enforceable against such Investor in accordance with its terms, except to the extent that the enforcement thereof may be limited by the Bankruptcy Exceptions and except as rights to indemnification and
contribution under the Registration Rights Agreement may be limited under applicable law or policy. 
 Section 5.6
Authorization of this Agreement. This Agreement has been duly authorized, validly executed and delivered by such Investor, and assuming due authorization, execution and delivery of this Agreement by the Company, constitutes a valid and
binding obligation of such Investor, enforceable against such Investor in accordance with its terms, except to the extent that the enforcement thereof may be limited by the Bankruptcy Exceptions. 

Section 5.7 Approvals. Other than such as have been made or obtained, no notice to, filing with, exemption or review by, or
authorization, consent or approval of, any Governmental Entity is required to be made or obtained by the Investor in connection with the consummation by such Investor of the Securities Purchase. 

Section 5.8 Ownership. Neither such Investor nor any affiliate of such Investor is or has been during the past three years
an “interested stockholder” of the Company as defined in Section 203 of the Delaware General Corporation Law. 

  
 -11-

 Section 5.9 Investors. Such Investor is acting independently with respect to
the Security Purchase, the Transaction Documents and the other transactions contemplated thereby, and is not acting as part of a group or in concert with any other person or entity. Such Investor is not party to any agreement, arrangement or
understanding for the purpose of acquiring, holding, voting or disposing of, in each case, any Securities or Common Stock or other securities of the Company or any option, warrant or other right to acquire any of the foregoing. 

Section 5.10 Exculpation. Each Investor acknowledges that it is not relying upon any other person in making its investment or
decision to invest in the Company (other than the Company pursuant to any written agreement). Each Investor agrees that no Investor nor their respective affiliates, controlling persons, officers, directors, partners, agents or employees of any
Investor shall be liable to any other Investor for any action heretofore or hereafter taken or omitted to taken by any of them in connection with their purchase or acquisition of any Securities hereunder, except with respect to breaches of any
Transaction Documents. 
 ARTICLE VI 
 CERTAIN ADDITIONAL AGREEMENTS OF THE PARTIES 
 Section 6.1 NYSE
Listing. The Company shall use its best efforts to cause the Common Stock to be issued upon conversion of the Securities to be approved for listing on the New York Stock Exchange (the “NYSE”), subject to official notice
of issuance, prior to the close of business on the Closing Date. 
 Section 6.2 Other Transaction Agreements. Each
of the Company and the Investors shall duly execute and deliver at the Closing the Registration Rights Agreement. 

Section 6.3 Preferred Stock Certificate of Designations. Prior to the Closing, the Company shall duly file with the
Secretary of State of the State of Delaware the Preferred Stock CoD. 
 Section 6.4 Investigation. Each Investor,
for so long as it holds a number of shares of Securities or of the Common Stock into which Securities have been converted that in the aggregate (assuming conversion of the Securities) equals at least 2% of the outstanding Common Stock, shall be
entitled to examine the books and records of the Company and inspect its facilities and request information at reasonable times and intervals concerning the general status of the Company’s financial condition and operations, provided that
(a) the Company need not provide access to highly confidential proprietary information and facilities or competitively sensitive information; (b) the Company need not provide any such Investor any material non-public information unless
such Investor executes a confidentiality agreement that is reasonably acceptable to the Company and (c) the Company shall not be required to waive any legal privilege. 
 Section 6.5 Board of Directors. At the next duly convened meeting of the Board of Directors or as soon as practicable thereafter, but no later than one month from the date hereof, the Company
shall cause to be appointed to the Board of Directors three additional directors consisting of (i) one (the “Blackstone Director”) that will be selected by Blackstone Capital Partners VI L.P.
(“Blackstone”), (ii) one (the “GA Director”) that will be selected by General Atlantic (“GA”), and (iii) one (the “Third Director” and,
collectively, the “Preferred 

  
 -12-

 
Stock Directors”) that shall be proposed by the Board of Directors and shall be acceptable to Jefferies & Company, Inc (“Jefferies”). Each
Preferred Stock Director shall serve until his or her successor is duly elected and qualified or until such director’s earlier resignation, removal, death or incapacity. The Blackstone Director and the General Atlantic Director may be removed
at any time with or without cause by Blackstone and GA, respectively. A vacancy in the office of the Blackstone Director or the General Atlantic Director may be filled by Blackstone or General Atlantic, respectively. A vacancy in the office of the
Third Director may be filled by a proposal by the Board of Directors that is acceptable to Jefferies. The rights set forth in this Section 6.5 shall terminate with respect to Blackstone, GA and Jefferies at such time that such entity no longer
holds at least 25% of the shares of the Securities that each such entity purchased pursuant to this Securities Purchase Agreement. 
 Section 6.6 Convertibility. (a) The Company and each Investor shall, and the Company shall cause each of its subsidiaries to, cooperate and use their respective commercially reasonable
efforts to take, or cause to be taken, all appropriate action, and to make, or cause to be made, all filings reasonably requested by the Investors and necessary, proper or advisable under applicable laws and make effective the transactions
contemplated by this Agreement, including, but not limited to, their respective commercially reasonable efforts to assist the Investors to promptly obtain, all permits, consents, approvals, authorizations, qualifications and orders of Governmental
Entities as are necessary for the free convertibility of the Series A-2 Shares into Series A-1 Shares. 
 (b) The Company and
each Investor (i) shall use their respective commercially reasonable efforts to promptly file or cause to be filed, (x) within 10 days from the date hereof, all required filings under the HSR Act and, (y) as promptly as reasonably
practicable, all required filings under other applicable antitrust laws that the Investors reasonably determine in good faith to be necessary or appropriate to effect the transactions contemplated by this Agreement including but not limited to, the
free convertibility of the Series A-2 Shares into Series A-1 Shares, (ii) shall consult and cooperate with each other in the preparation of such filings, (iii) shall promptly inform the other parties of any material communication received
by such party from any Governmental Entity regarding the transactions contemplated by this Agreement and shall enable the other party to participate in any communications and meetings with any Governmental Entity regarding the transactions
contemplated by this Agreement unless prohibited by the Governmental Entity. 
 Section 6.7 Filing Fees. The
Company shall reimburse each Investor for such Investor’s HSR filing fees incurred in connection with the Securities Purchase. 
 ARTICLE VII 
 SURVIVAL OF REPRESENTATIONS, WARRANTIES AND AGREEMENTS

 Notwithstanding any investigation made by any party to this Agreement, all covenants, agreements, representations and
warranties made by the Company and the Investors herein shall survive the execution of this Agreement, the delivery to the Investors of the Securities being purchased and the payment therefor. 

  
 -13-

 ARTICLE VIII 
 NOTICES 
 Except as otherwise provided in this Agreement, all notices,
requests, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered by hand or overnight courier service, or when received by facsimile transmission if promptly
confirmed, as follows: 
  

	 	(a)	if to the Company, to: 

 Knight Capital Group, Inc. 
 Attention: Chief Financial Officer

 545 Washington Boulevard 

Jersey City, New Jersey 07310 
 Fax: (201) 557-8015 
 with a copy to: 

Wachtell, Lipton, Rosen & Katz 

Attention: Edward D. Herlihy 
                  David M. Silk 
                  Nicholas G. Demmo 
 51 West 52nd Street 
 New York, New York 10019 

Fax: (212) 403-2000 
  

	 	(b)	if to Jefferies & Company, Inc., to: 

 Jefferies & Company, Inc. 
 Attention: General Counsel

 520 Madison Avenue 
 New York, New York 10022 
 Fax: (646) 619-4974; 

with a copy to: 
 White & Case LLP 
 1155 Avenue of the Americas

 New York, NY 10036 
 Attention: Ronald Brody and Colin Diamond 
 Fax:
(212) 354-8113 
  

	 	(c)	if to Jefferies High Yield Trading, LLC, to: 

 Jefferies High Yield Trading, LLC 
 Attention: General Counsel

 520 Madison Avenue 

  
 -14-

 New York, New York 10022 

Fax: (646) 619-4974; 
 with a copy to: 
 White & Case LLP 

1155 Avenue of the Americas 
 New York, NY 10036 
 Attention: Ronald Brody and Colin Diamond

 Fax: (212) 354-8113 
  

	 	(d)	if to Blackstone Capital Partners VI L.P., to: 

 Blackstone Capital Partners VI L.P., at the address to be provided to the Company in writing; 
 with a copy to: 
 Simpson Thacher & Bartlett LLP

 425 Lexington Avenue 

New York, New York 10017 
 Fax: (212) 455-2502 
  

	 	(e)	if to Blackstone Family Investment Partnership VI – ESC L.P., to: 

 Blackstone Family Investment Partnership VI – ESC L.P., at the address to be provided to the Company in writing; 

with a copy to: 
 Simpson Thacher & Bartlett LLP 
 425 Lexington Avenue

 New York, New York 10017 

Fax: (212) 455-2502 
  

	 	(f)	if to Blackstone Family Investment Partnership VI L.P., to: 

 Blackstone Family Investment Partnership VI L.P., at the address to be provided to the Company in writing; 
 with a copy to: 
 Simpson Thacher & Bartlett LLP

 425 Lexington Avenue 

New York, New York 10017 

  
 -15-

 Fax: (212) 455-2502 

 

	 	(g)	if to GETCO Strategic Investments, LLC, to: 

 GETCO Strategic Investments, LLC, at the address to be provided to the Company in writing; 
  

	 	(h)	if to TD Ameritrade Holding Corporation, to: 

 TD Ameritrade Holding Corporation, at the address to be provided to the Company in writing; 
 with a copy to: 
 Foley & Lardner LLP 

321 N. Clark Street, Suite 2800 
 Chicago, IL 60654 
 Attention: Patrick Daugherty 

Fax: (312) 832-4700 
  

	 	(i)	if to Stephens Investments Holdings LLC, to: 

 Stephens Investments Holdings LLC, at the address to be provided to the Company in writing; 
  

	 	(j)	if to Stifel Financial Corp. to: 

 Stifel Financial Corp., at the address to be provided to the Company in writing; 
 or to such
other address, facsimile number or telephone as either party may, from time to time, designate in a written notice given in a like manner. 
 ARTICLE IX 
 CHANGES 

Any term of this Agreement may be amended or waived only with the written consent of the Company and (i) the holders of at least
seventy-five percent of the then-outstanding Securities or (ii) for an amendment or waiver effected prior to the Closing purchasers obligated to purchase seventy-five percent of the Securities to be issued at Closing; provided, that any
amendment or waiver that expressly and adversely affects only a single Investor shall require the consent of such Investor and any amendment of or waiver to the requirements of Exhibit A to this Agreement shall require the consent of all Investors.
Any amendment or waiver effected in accordance with this Article IX shall be binding upon each 

  
 -16-

 
Investor and each transferee of the Securities (or the Common Stock issuable upon conversion thereof), each future holder of all such securities and the Company. 

ARTICLE X 

HEADINGS 

The headings of the various sections of this Agreement have been inserted for convenience or reference only and shall not be deemed to
be part of this Agreement. 
 ARTICLE XI 
 ASSIGNMENT 
 Neither this Agreement nor any right, remedy, obligation nor
liability arising hereunder or by reason hereof shall be assignable by any party hereto without the prior written consent of the other parties, and any attempt to assign any right, remedy, obligation or liability hereunder without such consent shall
be void, except an assignment by any Investor, in the case of a merger or consolidation where such party is not the surviving entity, or a sale of substantially all of its assets, to the entity that is the survivor of such merger or consolidation or
the purchaser in such sale. 
 ARTICLE XII 
 SEVERABILITY 
 In case any provision contained in this Agreement should be
invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby. 

ARTICLE XIII 

GOVERNING LAW; SUBMISSION TO JURISDICTION, ETC. 
 This Agreement will be governed by and construed in accordance with the laws of the State of New York applicable to contracts made and to be performed entirely within such State. Each of the parties
hereto agrees (a) to submit to the non-exclusive personal jurisdiction of the State or Federal courts in the Borough of Manhattan, The City of New York, (b) that non-exclusive jurisdiction and venue shall lie in the State or Federal courts
in the State of New York, and (c) that notice may be served upon such party at the address and in the manner set forth for such party in Article VIII. To the extent permitted by applicable law, each of the parties hereto hereby
unconditionally waives trial by jury in any legal action or proceeding relating to the Transaction Documents or the transactions contemplated hereby or thereby. 

  
 -17-

 ARTICLE XIV 
 INTEGRATION 
 This Agreement and the other Transaction Documents supersede
all prior agreements and understandings (whether written or oral) among the Company, on the one hand, and the Investors, on the other hand, or either of them, with respect to the subject matter hereof. 

ARTICLE XV 

COUNTERPARTS 
 This Agreement may be signed in one or more counterparts, each of which shall constitute an original and all of which together shall constitute one and the same agreement. 

ARTICLE XVI 

INFORMATION 
 The Company agrees to cooperate in good faith with any request by an Investor to furnish such Investor with all information concerning itself, its subsidiaries, directors, officers and stockholders and
such other matters as may be reasonably necessary in connection with any statement, filing, notice or application made by or on behalf of such Investors or any of its respective subsidiaries to any Governmental Entity in connection with the
Securities Purchase. 
 ARTICLE XVII 
 [RESERVED] 
 ARTICLE XVIII 

TERMINATION 
 This Agreement may be terminated at any time prior to the Closing: 
 (a) by any
of the Investors or the Company if the Closing shall not have occurred by 9:30 am New York Time on August 6, 2012; provided, however, that the right to terminate this Agreement under this Section shall not be available to any
party whose failure to fulfill any obligation under this Agreement shall have been the cause of, or shall have resulted in, the failure of the Closing to occur on or prior to such date; 

(b) by any of the Investors or the Company in the event that any Governmental Entity shall have issued an order, decree or ruling or
taken any other action restraining, enjoining or otherwise prohibiting the transactions contemplated by this Agreement and such order, decree, ruling or other action shall have become final and nonappealable; or 

(c) by the mutual written consent of the purchasers obligated to purchase seventy-five percent of the Securities to be issued at Closing
and the Company. 

  
 -18-

 In the event of termination of this Agreement as provided in this Section, this Agreement
shall forthwith become void and there shall be no liability on the part of either party hereto except that nothing herein shall relieve either party from liability for any breach of any covenant of this Agreement. 

ARTICLE XIX 

ENTIRE AGREEMENT, ETC. 
 This Agreement (including the Schedules and Exhibits hereto) and the other Transaction Documents constitute the entire agreement, and supersede all other prior agreements, understandings, representations
and warranties, both written and oral, between the parties, with respect to the subject matter hereof. 
 ARTICLE XX 

NO THIRD PARTY BENEFICIARIES 
 Nothing contained in this Agreement, expressed or implied, is intended to confer upon any person or entity other than the Company and the Investors (and any subsidiary of any Investor), any benefits,
rights, or remedies. 

  
 -19-

 Please confirm that the foregoing correctly sets forth the agreement between us by signing
in the space provided below for that purpose. 
  

			
	AGREED AND ACCEPTED:
	
	KNIGHT CAPITAL GROUP, INC.
		
	By:	 	 /s/ Thomas M. Joyce

		 	Name: Thomas M. Joyce
		 	Title: CEO

 
			
	JEFFERIES & COMPANY, INC.
		
	By:	 	 /s/ Michael J. Sharp

		 	Name: Michael J. Sharp
		 	Title: EVP, General Counsel

 
			
	JEFFERIES HIGH YIELD TRADING, LLC
		
	By:	 	 /s/ Andrew Wittacker

		 	Name: Andrew Wittacker
		 	Title: Vice Chairman

 
			
	 Blackstone Capital Partners VI L.P.

		
	By:	 	Blackstone Management Associates VI L.L.C., its general partner
		
	By:	 	BMA VI L.L.C., its managing member
		
	 By:
	 	 /s/ Chinh Chu

		 	Name: Chinh Chu
		 	Title: Senior Managing Director

 
			
	 Blackstone Family Investment Partners VI L.P.

		
	By:	 	BCP VI Side-by-Side GP L.L.C., its general partner
		
	 By:
	 	 /s/ Chinh Chu

		 	Name: Chinh Chu
		 	Title: Senior Managing Director

 
			
	Blackstone Family Investment Partnership VI ESC L.P.
		
	By:	 	BCP VI Side-by-Side GP L.L.C., its general partner
		
	 By:
	 	 /s/ Chinh Chu

		 	Name: Chinh Chu
		 	Title: Senior Managing Director

 
			
	GETCO STRATEGIC INVESTMENTS, LLC
		
	By:	 	 /s/ Darren Mast

		 	Name: Darren Mast
		 	Title: COO

 
					
	TD AMERITRADE HOLDING CORPORATION
		
	By:	 	 /s/ Fred Tomczyk

		 	Name: Fred Tomczyk
		 	Title: President & CEO

 
					
	STEPHENS INVESTMENTS HOLDINGS LLC
		
	By:	 	 /s/ Curt Bradley

		 	Name: Curt Bradley
		 	Title: Manager

 
					
	STIFEL FINANCIAL CORP.
		
	By:	 	 /s/ Victor J. Nesi

		 	Name: Victor J. Nesi
		 	Title: SVP

 EXHIBIT A 

 

									
	 Investor Name
	  	Aggregate
Purchase Price	 	  	Total
Securities
Held	 
	 Jefferies & Company, Inc.
	  	$	100,000,000	  	  	 	100,000	  
	 Jefferies High Yield Trading, LLC
	  	$	25,000,000	  	  	 	25,000	  
	 Blackstone Capital Partners VI L.P.
	  	$	86,926,875	  	  	 	86,927	  
	 Blackstone Family Investment Partnership VI – ESC L.P.
	  	$	529,375	  	  	 	529	  
	 Blackstone Family Investment Partnership VI L.P.
	  	$	43,750	  	  	 	44	  
	 GETCO Strategic Investments, LLC
	  	$	87,500,000	  	  	 	87,500	  
	 TD Ameritrade Holding Corporation
	  	$	40,000,000	  	  	 	40,000	  
	 Stephens Investments Holdings LLC
	  	$	30,000,000	  	  	 	30,000	  
	 Stifel Financial Corp.
	  	$	30,000,000	  	  	 	30,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00206-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00206-of-00352.parquet"}]]