Document:

Exhibit 10.1

 

SUBORDINATED NOTE PURCHASE AGREEMENT

 

This SUBORDINATED NOTE
PURCHASE AGREEMENT (this “Agreement”) is dated as of                     , and is made by and among First Internet
Bancorp, an Indiana corporation (the “Company”), and the purchaser of the Subordinated Notes (as defined herein)
identified on the signature pages hereto (the “Purchaser”).

 

RECITALS

 

WHEREAS,
the Company has requested that the Purchaser purchase from the Company one or more Subordinated Notes in the principal amount
of
$                      
(the “Subordinated Note Amount”), which amount is intended to qualify as Tier 2 Capital (as defined
herein).

 

WHEREAS, the
Company has engaged Piper Sandler & Co., as its exclusive placement agent (“Placement Agent”) for the offering
of the Subordinated Notes.

 

WHEREAS, the
Company proposes to issue the Subordinated Notes pursuant to the Indenture (as defined herein).

 

WHEREAS, the
Purchaser is an institutional “accredited investor” as such term is defined in Rule 501 of Regulation D (“Regulation
D”) promulgated under the Securities Act of 1933, as amended (the “Securities Act”) or a QIB (as defined
below).

 

WHEREAS, the
offer and sale of the Subordinated Notes by the Company is being made in reliance upon the exemptions from registration available
under Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D promulgated under the Securities Act.

 

WHEREAS, the
Purchaser is willing to purchase the Subordinated Notes from the Company in accordance with the terms, subject to the conditions
and in reliance on, the recitals, representations, warranties, covenants and agreements set forth herein and in the Indenture and
the Subordinated Notes.

 

NOW, THEREFORE,
in consideration of the mutual covenants, conditions and agreements herein contained and other good and valuable consideration,
the receipt of which is hereby acknowledged, the parties, intending to be legally bound, hereto hereby agree as follows:

 

AGREEMENT

 

1.           DEFINITIONS.

 

1.1             Defined
Terms. The following capitalized terms used in this Agreement have the meanings defined or referenced below. Certain other
capitalized terms used only in specific sections of this Agreement may be defined in such sections.

 

“Affiliate(s)”
means, with respect to any Person, such Person’s immediate family members, partners, members or parent and subsidiary corporations,
and any other Person directly or indirectly controlling, controlled by, or under common control with said Person and their respective
Affiliates.

 

“Agreement” has the meaning
set forth in the preamble hereto.

 

“Bank”
means First Internet Bank of Indiana, an Indiana state-chartered bank and wholly owned subsidiary of the Company.

 

    	 	 

     

    

 

“Base Indenture”
means the Subordinated Indenture dated as of September 30, 2016, between the Company and the Trustee.

 

“BHCA”
means the Bank Holding Company Act of 1956, as amended.

 

“Business
Day” means any day other than a Saturday, Sunday or any other day on which banking institutions in the State of Indiana
are permitted or required by any applicable law or executive order to close.

 

“Bylaws”
means the Amended and Restated Bylaws of the Company, including all amendments thereto, as in effect on the Closing Date.

 

“Charter”
means the Amended and Restated Articles of Incorporation of the Company, including all amendments thereto, as in effect on the
Closing Date.

 

“Closing”
has the meaning set forth in Section 2.5.

 

“Closing Date”
means                      .

 

“Company”
has the meaning set forth in the preamble hereto and shall include any successors to the Company.

 

“Company Covered
Person” has the meaning set forth in Section 4.2.4.

 

“Company’s
Reports” means (i) audited financial statements of the Company for the year ended December 31, 2019; (ii) the unaudited
financial statements of the Company for the period ended June 30, 2020 and (iii) the Company’s reports for the year
ended December 31, 2019 and the period ended June 30, 2020 as filed with the FRB as required by regulations of the FRB.

 

“Disbursements”
has the meaning set forth in Section 3.1.

 

“Disqualification
Event” has the meaning set forth in Section 4.2.4.

 

“Equity Interest”
means any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation,
any and all equivalent ownership interests in a Person which is not a corporation, and any and all warrants, options or other rights
to purchase any of the foregoing.

 

“Event of
Default” has the meaning set forth in the Indenture.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended.

 

“FDIC”
means the Federal Deposit Insurance Corporation.

 

“FRB”
means the Board of Governors of the Federal Reserve System.

 

“GAAP”
means generally accepted accounting principles in effect from time to time in the United States of America.

 

“Governmental
Agency(ies)” means, individually or collectively, any federal, state, county or local governmental department, commission,
board, regulatory authority or agency (including, without limitation, each applicable Regulatory Agency) with jurisdiction over
the Company or a Subsidiary of the Company.

 

    	 	2	 

     

    

 

“Governmental
Licenses” has the meaning set forth in Section 4.3.

 

“Hazardous
Materials” means flammable explosives, asbestos, urea formaldehyde insulation, polychlorinated biphenyls, radioactive
materials, hazardous wastes, toxic or contaminated substances or similar materials, including, without limitation, any substances
which are “hazardous substances,” “hazardous wastes,” “hazardous materials” or “toxic
substances” under the Hazardous Materials Laws and/or other applicable environmental laws, ordinances or regulations.

 

“Hazardous
Materials Laws” mean any laws, regulations, permits, licenses or requirements pertaining to the protection, preservation,
conservation or regulation of the environment which relates to real property, including: the Clean Air Act, as amended, 42 U.S.C.
Section 7401 et seq.; the Federal Water Pollution Control Act, as amended, 33 U.S.C. Section 1251 et seq.; the Resource Conservation
and Recovery Act of 1976, as amended, 42 U.S.C. Section 6901 et seq.; the Comprehensive Environmental Response, Compensation and
Liability Act of 1980, as amended (including the Superfund Amendments and Reauthorization Act of 1986), 42 U.S.C. Section 9601
et seq.; the Toxic Substances Control Act, as amended, 15 U.S.C. Section 2601 et seq.; the Occupational Safety and Health Act,
as amended, 29 U.S.C. Section 651, the Emergency Planning and Community Right-to-Know Act of 1986, 42 U.S.C. Section 11001 et seq.;
the Mine Safety and Health Act of 1977, as amended, 30 U.S.C. Section 801 et seq.; the Safe Drinking Water Act, 42 U.S.C. Section
300f et seq.; and all comparable state and local laws, laws of other jurisdictions or orders and regulations.

 

“Indebtedness”
means: (i) all items arising from the borrowing of money that, according to GAAP as in effect from time to time, would be included
in determining total liabilities as shown on the consolidated balance sheet of the Company; and (ii) all obligations secured by
any lien in property owned by the Company or any Subsidiary whether or not such obligations shall have been assumed; provided,
however, Indebtedness shall not include deposits or other indebtedness created, incurred or maintained in the ordinary course
of the Company’s or the Bank’s business (including, without limitation, federal funds purchased, advances from any
Federal Home Loan Bank, secured deposits of municipalities, letters of credit issued by the Company or the Bank and repurchase
arrangements) and consistent with customary banking practices and applicable laws and regulations.

 

“Indenture”
means the Base Indenture, as supplemented by the First Supplemental Indenture, dated as of September 30, 2016, between the Company
and the Trustee, the Second Supplemental Indenture, dated as of June 12, 2019, between the Company and the Trustee, and the Third
Supplemental Indenture, and as further supplemented from time to time.

 

“Leases”
means all leases, licenses or other documents providing for the use or occupancy of any portion of any Property, including all
amendments, extensions, renewals, supplements, modifications, sublets and assignments thereof and all separate letters or separate
agreements relating thereto.

 

“Material
Adverse Effect” means, with respect to any Person, any change or effect that (i) is or would be reasonably likely
to be material and adverse to the financial condition, results of operations or business of such Person, or (ii) would
materially impair the ability of such Person to perform its respective obligations under any of the Transaction Documents, or
otherwise materially impede the consummation of the transactions contemplated hereby; provided, however, that
 “Material Adverse Effect” shall not be deemed to include the impact of (1) changes in banking and similar laws,
rules or regulations of general applicability or interpretations thereof by Governmental Agencies, (2) changes in GAAP or
regulatory accounting requirements applicable to financial institutions and their holding companies generally, (3) changes
after the date of this Agreement in general economic or capital market conditions affecting financial institutions or their
market prices generally and not specifically related to the Company, the Bank or the Purchaser, (4) direct effects of
compliance with this Agreement on the operating performance of the Company, the Bank or the Purchaser, including expenses
incurred by the Company, the Bank or the Purchaser in consummating the transactions contemplated by this Agreement, and (5)
the effects of any action or omission taken by the Company with the prior written consent of the Purchaser, and vice versa,
or as otherwise contemplated by this Agreement, the Indenture and the Subordinated Notes.

 

    	 	3	 

     

    

 

“Maturity
Date” means November 1, 2030.

 

“Person”
means an individual, a corporation (whether or not for profit), a partnership, a limited liability company, a joint venture, an
association, a trust, an unincorporated organization, a government or any department or agency thereof (including a Governmental
Agency) or any other entity or organization.

 

“Placement
Agent” has the meaning set forth in the Recitals.

 

“Property”
means any real property owned or leased by the Company or any Affiliate or Subsidiary of the Company.

 

“Purchaser”
or “Purchaser” has the meaning set forth in the preamble hereto.

 

“QIB”
has the meaning set forth in Section 5.8.

 

“Regulation
D” has the meaning set forth in the Recitals.

 

“Regulatory
Agency” means any federal or state agency charged with the supervision or regulation of depository institutions or holding
companies of depository institutions, or engaged in the insurance of depository institution deposits, or any court, administrative
agency or commission or other authority, body or agency having supervisory or regulatory authority with respect to the Company,
the Bank or any of their Subsidiaries.

 

“Secondary
Market Transaction” has the meaning set forth in Section 5.5.

 

“Securities
Act” has the meaning set forth in the Recitals.

 

“Subordinated
Note” means a Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as
Exhibit A to the Third Supplemental Indenture, as amended, restated, supplemented or modified from time to time, and each Subordinated
Note delivered in substitution or exchange for such Subordinated Note.

 

“Subordinated
Note Amount” has the meaning set forth in the Recitals.

 

“Subsidiary”
means with respect to any Person, any corporation or entity (other than a trust) in which a majority of the outstanding Equity
Interest is directly or indirectly owned by such Person.

 

“Third Supplemental
Indenture” means that certain Third Supplemental Indenture, of even date herewith, between the Company and the Trustee.

 

“Tier 2 Capital”
has the meaning given to the term “Tier 2 capital” in 12 C.F.R. Part 217, as amended, modified and supplemented and
in effect from time to time or any replacement thereof.

 

“Transaction
Documents” has the meaning set forth in Section 3.2.1.1.

 

“Trustee”
has the meaning ascribed to such term in the Indenture.

 

    	 	4	 

     

    

 

1.2         Interpretations.
The foregoing definitions are equally applicable to both the singular and plural forms of the terms defined. The words “hereof”,
 “herein” and “hereunder” and words of like import when used in this Agreement shall refer to this Agreement
as a whole and not to any particular provision of this Agreement. The word “including” when used in this Agreement
without the phrase “without limitation,” shall mean “including, without limitation.” All references to
time of day herein are references to Eastern Time unless otherwise specifically provided. All references to this Agreement, the
Indenture and Subordinated Notes shall be deemed to be to such documents as amended, modified or restated from time to time. With
respect to any reference in this Agreement to any defined term, (i) if such defined term refers to a Person, then it shall also
mean all heirs, legal representatives and permitted successors and assigns of such Person, and (ii) if such defined term refers
to a document, instrument or agreement, then it shall also include any amendment, replacement, extension or other modification
thereof.

 

1.3         Exhibits Incorporated. All Exhibits attached hereto are hereby incorporated into this Agreement.

 

2.           SUBORDINATED DEBT.

 

2.1         Certain Terms. Subject to the terms and conditions herein contained, the Company proposes to issue
and sell to the Purchaser Subordinated Notes in an aggregate principal amount equal to the aggregate of the Subordinated Note Amount.
The Purchaser agrees to purchase the Subordinated Notes from the Company on the Closing Date in accordance with the terms of, and
subject to the conditions and provisions set forth in, this Agreement, the Indenture and the Subordinated Notes. The Subordinated
Note Amount shall be disbursed in accordance with Section 3.1.

 

2.2         The Closing. The closing of the sale and purchase of the Subordinated Notes (the “Closing”)
shall occur at the offices of the Company at 10:00 a.m. (local time) on the Closing Date, or at such other place or time or on
such other date as the parties hereto may agree.

 

2.3         No Right of Offset. The Purchaser hereby expressly waives any right of offset it may have against
the Company or any of its Subsidiaries.

 

2.4         Use of Proceeds. The Company intends to use the net proceeds from the sale of Subordinated Notes
for general corporate purposes.

 

3.           DISBURSEMENT.

 

3.1         Disbursement. On the Closing Date, assuming all of the terms and conditions set forth in Section
3.2 have been satisfied by the Company has executed and delivered to the Purchaser this Agreement and the Subordinated Notes
and any other related documents in form and substance reasonably satisfactory to the Purchaser, the Purchaser shall disburse in
immediately available funds the Subordinated Note Amount to the Company in exchange for a Subordinated Note with a principal amount
equal to the Subordinated Note Amount (the “Disbursement”). The Company will deliver to the Purchaser one or
more originally executed Subordinated Notes in definitive form (or provide evidence of the same with the original to be delivered
by the Company by overnight delivery on the next calendar day in accordance with the delivery instructions of the Purchaser), registered
in the name of the Purchaser.

 

3.2         Conditions Precedent to Disbursement.

 

3.2.1          Conditions
to the Purchaser’s Obligation. The obligation of the Purchaser to consummate the purchase of the Subordinated
Notes and to effect the Disbursement is subject to delivery by or at the direction of the Company to the Purchaser of each of
the following (or written waiver by the Purchaser prior to the Closing of such delivery):

 

    	 	5	 

     

    

 

3.2.1.1      Transaction Documents. This Agreement, the Third Supplemental Indenture and the Subordinated Notes
(collectively, the “Transaction Documents”), each duly authorized and executed by the Company and, in the case
of the Third Supplemental Indenture and the Subordinated Notes, duly executed or authenticated by the Trustee.

 

3.2.1.2      Authority Documents.

 

(a)                 A copy, certified by the Secretary or Assistant Secretary of the Company, of the Charter of the Company;

 

(b)                 A certificate of existence of the Company issued by the Secretary of State of the State of Indiana;

 

(c)                 A copy, certified by the Secretary or Assistant Secretary, of the Bylaws of the Company;

 

(d)                 A copy, certified by the Secretary or Assistant Secretary of the Company, of the resolutions of the board of directors
of the Company, and any committee thereof, authorizing the issuance of the Subordinated Notes and the execution, delivery and performance
of the Transaction Documents; and

 

(e)                 An incumbency certificate of the Secretary or Assistant Secretary of the Company certifying the names of the officer
or officers of the Company authorized to sign the Transaction Documents and the other documents provided for in this Agreement.

 

(f)                  The opinion of Faegre Drinker Biddle & Reath LLP, counsel to the Company, dated as of the Closing Date, substantially
in the form set forth at Exhibit B attached hereto addressed to the Purchaser.

 

3.2.1.3      Other Documents. Such other certificates, affidavits, schedules, resolutions, notes and/or other
documents which are provided for hereunder or as the Purchaser may reasonably request.

 

3.2.2         Conditions to the Company’s Obligation.

 

3.2.2.1      With respect to the Purchaser, the obligation of the Company to consummate the sale of the Subordinated Notes
and to effect the Closing is subject to delivery by or at the direction of such Purchaser to the Company of this Agreement, duly
authorized and executed by such Purchaser and the Company’s receipt of the Subordinated Note Amount set forth on such Purchaser’s
signature page.

 

4.           REPRESENTATIONS AND WARRANTIES OF COMPANY.

 

The Company hereby
represents and warrants to each Purchaser as follows:

 

4.1         Organization and Authority.

 

4.1.1         Organization
Matters of the Company and Its Subsidiaries.

 

4.1.1.1      The
Company is a duly corporation incorporated and validly existing under the laws of the State of Indiana and the Company is qualified
to do business as a foreign corporation in each jurisdiction in which qualification is required, except where failure to so qualify
would not have a Material Adverse Effect. The Company has the requisite right, corporate power and authority to enter into this
Agreement and perform its obligations under the Transaction Documents. The Company is a registered bank holding company under
the applicable provisions of the BHCA.

 

    	 	6	 

     

    

 

4.1.1.2      The Bank, First Internet Public Finance Corp., JKH Realty Services, LLC, and SPF15, Inc. are the only direct
or indirect Subsidiaries of the Company. Each Subsidiary is duly organized, validly existing and in good standing (to the extent
such concepts are applicable) under the laws of its jurisdiction of incorporation and is qualified to do business as a foreign
corporation in and is in good standing under the laws of each jurisdiction in which qualification is required, except where failure
to so qualify, or be in good standing, would not have a Material Adverse Effect. All the issued and outstanding shares or interests
of each such Subsidiary’s capital stock or other equity and interests have been duly authorized and validly issued, are fully
paid and nonassessable, and are owned directly by the Company or one of its Subsidiaries free and clear of any liens, claims or
encumbrances.

 

4.1.1.3      The Bank is an Indiana state-chartered bank. The deposit accounts of the Bank are insured up to the maximum amount
provided by the FDIC and no proceedings for the modification, termination or revocation of any such insurance are pending or, to
the knowledge of the Company, threatened.

 

4.1.2          Capital Stock and Related Matters. All of the issued and outstanding shares of capital stock of
the Company have been duly and validly authorized and issued, are fully paid and nonassessable, have been issued in compliance
with all federal and state securities laws, and were not issued in violation of or subject to any preemptive rights or other similar
rights, except for such rights as may have been fully satisfied or waived. Except as disclosed in the Company Reports and pursuant
to the Company’s equity incentive plans and arrangements duly adopted by the Company’s board of directors, the Company
does not have outstanding any options to purchase, or any preemptive rights or other rights to subscribe for or to purchase, any
securities or obligations convertible into, or any contracts or commitments to issue or sell, shares of its capital stock or any
such options, rights, convertible securities or obligations. With respect to each of the Subsidiaries, all the issued and outstanding
shares or interests of such Subsidiary’s capital stock or other equity and interests have been duly authorized and validly
issued, are fully paid and nonassessable, and are owned directly by the Company or one of its Subsidiaries free and clear of any
liens, claims or encumbrances.

 

4.2         No Impediment to Transactions.

 

4.2.1          Transaction
is Legal and Authorized. The Company has the requisite right, corporate power and authority to enter into this Agreement
and perform its obligations contemplated hereby.

 

4.2.2          Agreement. This Agreement has been duly authorized, executed and delivered by the Company and the
Bank. This Agreement constitutes a valid and legally binding agreement of the Company and the Bank enforceable against them in
accordance with its terms, except that the enforcement thereof may be limited by bankruptcy, insolvency, voidable transaction,
reorganization, moratorium, fraudulent transfer, fraudulent conveyance, receivership, assignment for the benefit of creditors and
similar laws relating to or affecting enforcement of the rights and remedies of creditors or by general principles of equity (regardless
of whether considered in a proceeding in equity or at law), and will be entitled to the benefits provided by the Indenture.

 

    	 	7	 

     

    

 

4.2.3         Subordinated Notes. The Subordinated Notes have been duly authorized by the Company for issuance
and, when authenticated and delivered by the Trustee and issued by the Company in the manner provided in the Indenture against
payment of the consideration therefor in accordance with this Agreement, will constitute valid and binding obligations of the
Company, enforceable against the Company in accordance with their terms, except that the enforcement thereof may be limited by
bankruptcy, insolvency, voidable transaction, reorganization, moratorium, fraudulent transfer, fraudulent conveyance, receivership,
assignment for the benefit of creditors and similar laws relating to or affecting enforcement of the rights and remedies of creditors
or by general principles of equity (regardless of whether considered in a proceeding in equity or at law), and will be entitled
to the benefits provided by the Indenture. The Subordinated Notes will be in the form contemplated
by, and will be entitled to the benefits of, the Indenture.

 

4.2.4         Indenture. The Indenture has been duly authorized by the Company. Assuming the due authorization,
execution and delivery of the Indenture by the Trustee, the Indenture constitutes a valid and binding agreement of the Company,
enforceable against the Company in accordance with its terms, except as the enforcement thereof may be limited by bankruptcy, insolvency,
voidable transaction, reorganization, moratorium, fraudulent transfer, fraudulent conveyance, receivership, assignment for the
benefit of creditors and similar laws relating to or affecting enforcement of the rights and remedies of creditors or by general
principles of equity (regardless of whether considered in a proceeding in equity or at law).

 

4.2.5         Exemption from Registration. Neither the Company, nor any of its Subsidiaries or Affiliates, nor
any Person acting on its or their behalf, has engaged in any form of general solicitation or general advertising (within the meaning
of Regulation D) in connection with the offer or sale of the Subordinated Notes. Assuming the accuracy of the representations and
warranties of the Purchaser set forth in this Agreement, the Subordinated Notes will be issued in a transaction exempt from the
registration requirements of the Securities Act. No “bad actor” disqualifying event described in Rule 506(d)(1)(i)-(viii)
of the Securities Act (a “Disqualification Event”) is applicable to the Company or, to the Company’s knowledge,
any Person described in Rule 506(d)(1) (each, a “Company Covered Person”). The Company has exercised reasonable
care to determine whether any Company Covered Person is subject to a Disqualification Event. The Company has complied, to the extent
applicable, with its disclosure obligations under Rule 506(e).

 

4.2.6         No
Defaults or Restrictions. Neither the execution and delivery of the Transaction Documents nor compliance with their
respective terms and conditions will (whether with or without the giving of notice or lapse of time or both) (i) violate,
conflict with or result in a breach of, or constitute a default under: (1) the Charter or Bylaws of the Company; (2) any of
the terms, obligations, covenants, conditions or provisions of any corporate restriction or of any contract, agreement,
indenture, mortgage, deed of trust, pledge, bank loan or credit agreement, or any other agreement or instrument to which the
Company or the Bank, as applicable, is now a party or by which it or any of its properties may be bound or affected; (3) any
judgment, order, writ, injunction, decree or demand of any court, arbitrator, grand jury, or Governmental Agency applicable
to the Company or the Bank; or (4) any statute, rule or regulation applicable to the Company, except, in the case of items
(2), (3) or (4), for such violations and conflicts that would not reasonably be expected to have, singularly or in the
aggregate, a Material Adverse Effect on the Company and its Subsidiaries taken as a whole and adversely affect the
Company’s ability to consummate the transactions contemplated by this Agreement, or (ii) result in the creation or
imposition of any lien, charge or encumbrance of any nature whatsoever upon any property or asset of the Company that would
reasonably be expected to have a Material Adverse Effect. Neither the Company nor the Bank is in default in the performance,
observance or fulfillment of any of the terms, obligations, covenants, conditions or provisions contained in any indenture or
other agreement creating, evidencing or securing Indebtedness of any kind or pursuant to which any such Indebtedness is
issued, or any other agreement or instrument to which the Company or the Bank, as applicable, is a party or by which the
Company or the Bank, as applicable, or any of its properties may be bound or affected, except, in each case, only such
defaults that would not reasonably be expected to have, singularly or in the aggregate, a Material Adverse Effect on the
Company.

 

    	 	8	 

     

    

 

4.2.7         Governmental
Consent. All governmental orders, permissions, consents, approvals or authorizations that are required for the execution
and delivery of the Transaction Documents, including the issuance, sale and delivery of the Subordinated Notes have been obtained,
except for applicable requirements, if any, of the Securities Act, the Exchange Act or state securities laws or “blue sky”
laws of the various states and any applicable federal or state banking laws and regulations.

 

4.3         Possession of Licenses and Permits. The Company and its Subsidiaries possess such permits, licenses,
approvals, consents and other authorizations (collectively, “Governmental Licenses”) issued by the appropriate
Governmental Agencies necessary to conduct the business now operated by them except where the failure to possess such Governmental
Licenses would not, singularly or in the aggregate, have a Material Adverse Effect on the Company or such applicable Subsidiary;
the Company and each Subsidiary of the Company is in compliance with the terms and conditions of all such Governmental Licenses,
except where the failure so to comply would not, individually or in the aggregate, have a Material Adverse Effect on the Company
or such applicable Subsidiary of the Company; all of the Governmental Licenses are valid and in full force and effect, except where
the invalidity of such Governmental Licenses or the failure of such Governmental Licenses to be in full force and effect would
not have a Material Adverse Effect on the Company or such applicable Subsidiary of the Company; and neither the Company nor any
Subsidiary of the Company has received any notice of proceedings relating to the revocation or modification of any such Governmental
Licenses.

 

4.4         Financial Condition.

 

4.4.1         Company Financial Statements. The financial statements of the Company included in the Company’s
Reports (including the related notes, where applicable), which have been made available to the Purchaser (i) have been prepared
from, and are in accordance with, the books and records of the Company; (ii) fairly present in all material respects the results
of operations, cash flows, changes in stockholders’ equity and financial position of the Company and its consolidated Subsidiaries,
for the respective fiscal periods or as of the respective dates therein set forth (subject in the case of unaudited statements
to recurring year-end audit adjustments normal in nature and amount), as applicable; (iii) complied as to form, as of their respective
dates of filing in all material respects with applicable accounting and banking requirements as applicable, with respect thereto;
and (iv) have been prepared in accordance with GAAP consistently applied during the periods involved, except, in each case, (x)
as indicated in such statements or in the notes thereto, (y) for any statement therein or omission therefrom that was corrected,
amended, or supplemented or otherwise disclosed or updated in a subsequent Company’s Report, and (z) to the extent that any
unaudited interim financial statements do not contain the footnotes required by GAAP, and were or are subject to normal and recurring
year-end adjustments, which were not or are not expected to be material in amount, either individually or in the aggregate. The
books and records of the Company have been, and are being, maintained in all material respects in accordance with GAAP and any
other applicable legal and accounting requirements. The Company does not have any material liability of any nature whatsoever (whether
absolute, accrued, contingent or otherwise and whether due or to become due), except for those liabilities that are reflected or
reserved against on the consolidated balance sheet of the Company contained in the Company’s Reports for the Company’s
most recently completed quarterly or annual fiscal period, as applicable, and for liabilities incurred in the ordinary course of
business consistent with past practice or in connection with this Agreement and the transactions contemplated hereby.

 

    	 	9	 

     

    

 

4.4.2        Absence
of Default. Since the end of the Company’s last fiscal year ended December 31, 2019, no event has occurred that
either of itself or with the lapse of time or the giving of notice or both, would give any creditor of the Company the right to
accelerate the maturity of any material Indebtedness of the Company. The Company is not in default under any other Lease, agreement
or instrument, or any law, rule, regulation, order, writ, injunction, decree, determination or award, except where non-compliance
could not reasonably be expected to result in a Material Adverse Effect on the Company and the Bank, taken as a whole.

 

4.4.3        Solvency. After giving effect to the consummation of the transactions contemplated by this Agreement,
the Company has capital sufficient to carry on its business and transactions and is solvent and able to pay its debts as they mature.
No transfer of property is being made and no Indebtedness is being incurred in connection with the transactions contemplated by
this Agreement with the intent to hinder, delay or defraud either present or future creditors of the Company or any Subsidiary
of the Company.

 

4.4.4        Ownership of Property. The Company and each Subsidiary has valid title to all the properties and
assets described as owned by it in the consolidated financial statements included in the Company’s Reports, free and clear
of all liens, mortgages, pledges or other encumbrances except (i) those, if any, reflected in such consolidated financial statements,
(ii) those, if any, described in the Company’s Reports, (iii) those that do not materially affect the value or use of such
property or assets, or (iv) those that would not have a Material Adverse Effect. Any real property and buildings held under lease
or sublease by the Company and each of its Subsidiaries are held by them under valid, subsisting and enforceable leases with such
exceptions as are not material and do not interfere with the use of such real property or building.

 

4.5         No Material Adverse Change. Since the end of the Company’s last fiscal year ended December
31, 2019, there has been no development or event which has had or could reasonably be expected to have a Material Adverse Effect
on the Company or any of its Subsidiaries.

 

4.6         Legal Matters.

 

4.6.1        Regulatory Enforcement Actions. The Company, the Bank and its other Subsidiaries, if any, are in
compliance in all material respects with all laws administered by and regulations of any Governmental Agency applicable to it or
to them, the failure to comply with which would have a Material Adverse Effect. None of the Company, the Bank, the Company’s
or the Bank’s Subsidiaries nor any of their officers or directors is now operating under any restrictions, agreements, memoranda,
commitment letter, supervisory letter or similar regulatory correspondence, or other commitments (other than restrictions of general
application) imposed by any Governmental Agency, nor are, to the Company’s knowledge, (a) any such restrictions threatened,
(b) any agreements, memoranda or commitments being sought by any Governmental Agency , or (c) any legal or regulatory violations
previously identified by, or penalties or other remedial action previously imposed by, any Governmental Agency remains unresolved.

 

4.6.2        Pending Litigation. Except as disclosed in the Company’s Reports, there are no actions, suits,
proceedings or written agreements pending, or, to the Company’s knowledge, threatened or proposed, against the Company or
any of its Subsidiaries at law or in equity or before or by any federal, state, municipal, or other governmental department, commission,
board, or other administrative agency, domestic or foreign, that, either separately or in the aggregate, would reasonably be expected
to have a Material Adverse Effect on the Company and its Subsidiaries, taken as a whole, or affect issuance or payment of the Subordinated
Notes; and neither the Company nor any of its Subsidiaries is a party to or named as subject to the provisions of any order, writ,
injunction, or decree of, or any written agreement with, any court, commission, board or agency, domestic or foreign, that either
separately or in the aggregate, will have a Material Adverse Effect on the Company and its Subsidiaries, taken as a whole.

 

    	 	10	 

     

    

 

4.6.3        Environmental.
No Property is or, to the Company’s knowledge, has been a site for the use, generation, manufacture, storage, treatment,
release, threatened release, discharge, disposal, transportation or presence of any Hazardous Materials and neither the Company
nor any of its Subsidiaries has engaged in such activities. There are no claims or actions pending or, to the Company’s
knowledge, threatened against the Company or any of its Subsidiaries by any Governmental Agency or by any other Person relating
to any Hazardous Materials or pursuant to any Hazardous Materials Law.

 

4.6.4        Brokerage Commissions. Except for commissions paid or payable to the Placement Agent, neither the
Company nor any Affiliate of the Company is obligated to pay any brokerage commission or finder’s fee to any Person in connection
with the transactions contemplated by this Agreement.

 

4.6.5        Investment Company Act. The Company is not an “investment company” as such term is
defined in the Investment Company Act of 1940, as amended.

 

4.7         No Misstatement. No information, exhibit, report, schedule or document, when viewed together as
a whole, furnished by the Company to the Purchaser in connection with the negotiation, execution or performance of this Agreement,
as of the date of this Agreement, contains any untrue statement of a material fact, or omits to state a material fact necessary
to make the statements contained therein not misleading in light of the circumstances when made or furnished to the Purchaser,
except for any statement therein or omission therefore which was corrected, amended or supplemented or otherwise disclosed or updated
in a subsequent exhibit, report, schedule or document prior to the date of this Agreement.

 

(i)             Internal Accounting Controls. The Company maintains a system of internal control over financial reporting
that have been designed by, or under the supervision of, its principal executive and financial officers and effected by the Company’s
board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance with GAAP and include policies and procedures,
including internal accounting controls sufficient to provide reasonable assurance that (i) transactions are executed in accordance
with management’s general or specific authorization; (ii) transactions are recorded as necessary to permit preparation
of financial statements in conformity with GAAP and to maintain accountability for assets; (iii) access to assets is permitted
only in accordance with management’s general or specific authorization; and (iv) the recorded accountability for assets
is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differences. The Company
has established and maintains disclosure controls and procedures that are designed to ensure that material information required
to be disclosed by the Company in reports that it files or submits under the 1934 Act is recorded, processed, summarized and reported
within the time periods specified the Commission’s rules and forms, including controls and procedures designed to ensure
that such information is accumulated and communicated to the Company’s management as appropriate to allow timely decisions
regarding required disclosure. Based upon the evaluations of the Company’s disclosure controls and procedures as required
pursuant to the 1934 Act, the Company has not become aware of any fraud, whether or not material, that involves management or other
employees who have a significant role in the Company’s internal control over financial reporting. The Company is in compliance
in all material respects with all applicable provisions of the Sarbanes Oxley Act of 2002, as amended and the rules and regulations
promulgated thereunder.

 

4.8         Tax Matters. The Company and each Subsidiary has (i) filed all material foreign, U.S. federal,
state and franchise tax returns, information returns and similar reports that are required to be filed and has (ii) paid all material
taxes required to be paid by it and any other material assessment, fine or penalty levied against it other than taxes (x) currently
payable without penalty or interest, or (y) being contested in good faith by appropriate proceedings.

 

    	 	11	 

     

    

 

4.9         Representations
and Warranties Generally. The representations and warranties of the Company set forth in this Agreement or in any other
document delivered to the Purchaser by or on behalf of the Company pursuant to or in connection with this Agreement are true and
correct as of the date hereof and as otherwise specifically provided herein or therein.

 

5.           SECONDARY MARKET TRANSACTION.

 

5.1         The Purchaser shall have the right at any time and from time to time to securitize its Subordinated Notes or
any portion thereof in a single asset securitization or a pooled loan securitization of rated single or multi-class securities
secured by or evidencing ownership interests in the Subordinated Notes (each such securitization is referred to herein as a “Secondary
Market Transaction”). In connection with any such Secondary Market Transaction, the Company shall, at the Company’s
expense, cooperate with the Purchaser and otherwise reasonably assist the Purchaser in satisfying the market standards to which
Purchaser customarily adheres or which may be reasonably required in the marketplace or by applicable rating agencies in connection
with any such Secondary Market Transaction. Subject to any written confidentiality obligation, all information regarding the Company
may be furnished, without liability except in the case of gross negligence or willful misconduct, to any the Purchaser and to any
Person reasonably deemed necessary by Purchaser in connection with participation in such Secondary Market Transaction. All documents,
financial statements, appraisals and other data relevant to the Company or the Subordinated Notes may be retained by any such Person,
subject to the terms of any applicable confidentiality agreements.

 

6.           REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE PURCHASER.

 

Purchaser hereby represents
and warrants to the Company, and covenants with the Company as follows:

 

6.1         Legal Power and Authority. It has all necessary power and authority to execute, deliver and perform
its obligations under this Agreement and to consummate the transactions contemplated hereby. It is an entity duly organized, validly
existing and in good standing under the laws its jurisdiction of organization.

 

6.2         Authorization and Execution. The execution, delivery and performance of this Agreement has been
duly authorized by all necessary action on the part of such Purchaser, and, assuming due authorization, execution and delivery
by the other parties hereto, this Agreement is a legal, valid and binding obligation of such Purchaser, enforceable against such
Purchaser in accordance with its terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization,
moratorium or other similar laws relating to or affecting creditors’ rights generally or by general equitable principles.

 

6.3         No Conflicts. Neither the execution, delivery or performance of the Transaction Documents nor the
consummation of any of the transactions contemplated thereby will conflict with, violate, constitute a breach of or a default (whether
with or without the giving of notice or lapse of time or both) under (i) its organizational documents, (ii) any agreement to which
it is party, (iii) any law applicable to it or (iv) any order, writ, judgment, injunction, decree, determination or award binding
upon or affecting it.

 

6.4         Purchase for Investment. It is purchasing the Subordinated Note for its own account and not with
a view to distribution and with no present intention of reselling, distributing or otherwise disposing of the same. It has no present
or contemplated agreement, undertaking, arrangement, obligation, Indebtedness or commitment providing for, or which is likely to
compel, a disposition of the Subordinated Notes in any manner.

 

    	 	12	 

     

    

 

6.5         Institutional
Accredited Investor. It is and will be on the Closing Date (i) an institutional “accredited investor” as such
term is defined in Rule 501(a) of Regulation D and as contemplated by subsections (1), (2), (3) and (7) of Rule 501(a) of Regulation
D, and has no less than $5,000,000 in total assets, or (ii) a QIB.

 

6.6         Financial and Business Sophistication. It has such knowledge and experience in financial and business
matters that it is capable of evaluating the merits and risks of the prospective investment in the Subordinated Notes. It has relied
solely upon its own knowledge of, and/or the advice of its own legal, financial or other advisors with regard to, the legal, financial,
tax and other considerations involved in deciding to invest in the Subordinated Notes.

 

6.7         Ability to Bear Economic Risk of Investment. It recognizes that an investment in the Subordinated
Notes involves substantial risk. It has the ability to bear the economic risk of the prospective investment in the Subordinated
Notes, including the ability to hold the Subordinated Notes indefinitely, and further including the ability to bear a complete
loss of all of its investment in the Company.

 

6.8         Information. It acknowledges that (i) it is not being provided with the disclosures that would
be required if the offer and sale of the Subordinated Notes were registered under the Securities Act, nor is it being provided
with any offering circular or prospectus prepared in connection with the offer and sale of the Subordinated Notes; (ii) it has
conducted its own examination of the Company and the terms of the Subordinated Notes to the extent it deems necessary to make its
decision to invest in the Subordinated Notes; and (iii) it has availed itself of publicly available financial and other information
concerning the Company to the extent it deems necessary to make its decision to purchase the Subordinated Notes. It has reviewed
the information set forth in the Company’s Reports, the exhibits hereto and the information contained in the data room established
by the Company in connection with the transactions contemplated by this Agreement.

 

6.9         Access to Information. It acknowledges that it and its advisors have been furnished with all materials
relating to the business, finances and operations of the Company that have been requested by it or its advisors and have been given
the opportunity to ask questions of, and to receive answers from, persons acting on behalf of the Company concerning terms and
conditions of the transactions contemplated by this Agreement in order to make an informed and voluntary decision to enter into
this Agreement.

 

6.10       Investment
Decision. It has made its own investment decision based upon its own judgment, due diligence and advice from such
advisors as it has deemed necessary and not upon any view expressed by any other Person or entity, including the Placement Agent. Neither such inquiries nor any other due diligence investigations conducted by it or its advisors or
representatives, if any, shall modify, amend or affect its right to rely on the Company’s representations and
warranties contained herein. It is not relying upon, and has not relied upon, any advice, statement, representation or
warranty made by any Person by or on behalf of the Company, including, without limitation, the Placement Agent, except for
the express statements, representations and warranties of the Company made or contained in this Agreement. Furthermore, it
acknowledges that (i) the Placement Agent has not performed any due diligence review on behalf of it and (ii) nothing in
this Agreement or any other materials presented by or on behalf of the Company to it in connection with the purchase of the
Subordinated Notes constitutes legal, tax or investment advice.

 

    	 	13	 

     

    

 

6.11       Private
Placement; No Registration; Restricted Legends. It understands and acknowledges that the Subordinated Notes are being
sold by the Company without registration under the Securities Act in reliance on the exemption from federal and state
registration set forth in, respectively, Rule 506(b) of Regulation D promulgated under Section 4(a)(2) of the Securities Act
and Section 18 of the Securities Act, or any state securities laws, and accordingly, may be resold, pledged or otherwise
transferred only if exemptions from the Securities Act and applicable state securities laws are available to it. It
is not subscribing for the Subordinated Notes as a result of or subsequent to any advertisement, article, notice or other
communication published in any newspaper, magazine or similar media or broadcast over television or radio, or presented at
any seminar or meeting. It further acknowledges and agrees that all certificates or other instruments representing the
Subordinated Notes will bear the restrictive legend set forth in the form of Subordinated Note. It further acknowledges its
primary responsibilities under the Securities Act and, accordingly, will not sell or otherwise transfer the Subordinated
Notes or any interest therein without complying with the requirements of the Securities Act and the rules and regulations
promulgated thereunder and the requirements set forth in this Agreement.

 

6.12       Placement Agent. It will purchase the Subordinated Note(s) directly from the Company and not from the Placement Agent and
understands that neither the Placement Agent nor any other broker or dealer has any obligation to make a market in the
Subordinated Notes.

 

6.13       Tier 2 Capital. If the Company provides notice of a Tier 2 Capital Event in accordance with the
Indenture, thereafter the Company and the Holder (as defined in the Indenture) will work together in good faith to execute and
deliver all agreements as reasonably necessary in order to restructure the applicable portions of the obligations evidenced by
the Subordinated Notes to qualify as Tier 2 Capital; provided, however, that nothing contained in this Agreement shall limit the
Company’s right to redeem the Subordinated Notes upon the occurrence of a Tier 2 Capital Event as described in the Indenture
and Subordinated Notes.

 

6.14       Accuracy
of Representations. It understands that each of the Placement Agent and the Company are relying upon the truth and
accuracy of the foregoing representations, acknowledgements and agreements in connection with the transactions contemplated
by this Agreement.

 

6.15       Representations and Warranties Generally. The representations and warranties of the Purchaser set
forth in this Agreement are true and correct as of the date hereof and will be true and correct as of the Closing Date and as otherwise
specifically provided herein. Any certificate signed by a duly authorized representative of the Purchaser and delivered to the
Company or to counsel for the Company shall be deemed to be a representation and warranty by the Purchaser to the Company as to
the matters set forth therein.

 

7.           MISCELLANEOUS.

 

7.1         Prohibition on Assignment by the Company. Except as provided in the Indenture, the Company may
not assign, transfer or delegate any of its rights or obligations under this Agreement or the Subordinated Notes without the prior
written consent of the Purchaser. In addition, in accordance with the terms of the Indenture and the Subordinated Notes, any transfer
of such Subordinated Notes by the Holders (as defined in the Indenture) must be made in accordance with the Assignment Form attached
to the Subordinated Notes and the requirements and restrictions thereof and the Indenture.

 

7.2         Time of the Essence. Time is of the essence for this Agreement.

 

    	 	14	 

     

    

 

7.3        Waiver
or Amendment. Except as may apply to any particular waiving or consenting Noteholder, no waiver or amendment of any
term, provision, condition, covenant or agreement herein shall be effective except with the consent of at least fifty percent
(50%) of the aggregate principal amount (excluding any Subordinated Notes held by the Company or any of its Affiliates) of
the Subordinated Notes at the time outstanding. The terms, provisions, conditions, covenants and agreements set forth in the
Subordinated Notes and Indenture may only be waived or amended in accordance with the terms thereof.. No failure to exercise
or delay in exercising, by a Purchaser or any holder of the Subordinated Notes, of any right, power or privilege hereunder
shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege preclude any
other or further exercise thereof, or the exercise of any other right or remedy provided by law. The rights and remedies
provided in this Agreement are cumulative and not exclusive of any right or remedy provided by law or equity. No notice or
demand on the Company in any case shall, in itself, entitle the Company to any other or further notice or demand in similar
or other circumstances or constitute a waiver of the rights of the Purchaser to any other or further action in any
circumstances without notice or demand. No consent or waiver, expressed or implied, by the Purchaser to or of any breach or
default by the Company in the performance of its obligations hereunder shall be deemed or construed to be a consent or waiver
to or of any other breach or default in the performance of the same or any other obligations of the Company hereunder.
Failure on the part of the Purchaser to complain of any acts or failure to act or to declare an Event of Default,
irrespective of how long such failure continues, shall not constitute a waiver by the Purchaser of its rights hereunder or
impair any rights, powers or remedies on account of any breach or default by the Company.

 

7.4        Severability. Any provision of this Agreement which is unenforceable or invalid or contrary to
law, or the inclusion of which would adversely affect the validity, legality or enforcement of this Agreement, shall be of no effect
and, in such case, all the remaining terms and provisions of this Agreement shall subsist and be fully effective according to the
tenor of this Agreement the same as though any such invalid portion had never been included herein. Notwithstanding any of the
foregoing to the contrary, if any provisions of this Agreement or the application thereof are held invalid or unenforceable only
as to particular persons or situations, the remainder of this Agreement, and the application of such provision to persons or situations
other than those to which it shall have been held invalid or unenforceable, shall not be affected thereby, but shall continue valid
and enforceable to the fullest extent permitted by law.

 

7.5        Notices. Any notice which any party hereto may be required or may desire to give hereunder shall
be deemed to have been given if in writing and if delivered personally, or if mailed, postage prepaid, by United States registered
or certified mail, return receipt requested, or if delivered by a responsible overnight commercial courier promising next business
day delivery, addressed:

 

	if to the Company:	First Internet Bancorp

11201 USA Parkway

Fishers, Indiana 46037

Attention: Chief Financial Officer
	 	 
	with a copy to:	Faegre Drinker Biddle & Reath LLP

90 South Seventh Street

Minneapolis, MN 55402

Attention: Joshua L. Colburn
	 	 
	if to the Purchaser:	

Attention:

 

or to such other address or addresses as
the party to be given notice may have furnished in writing to the party seeking or desiring to give notice, as a place for the
giving of notice; provided that no change in address shall be effective until five (5) Business Days after being given to the other
party in the manner provided for above. Any notice given in accordance with the foregoing shall be deemed given when delivered
personally or, if mailed, three (3) Business Days after it shall have been deposited in the United States mails as aforesaid or,
if sent by overnight courier, the Business Day following the date of delivery to such courier (provided next business day delivery
was requested).

 

    	 	15	 

     

    

 

7.6            Successors
and Assigns. This Agreement shall inure to the benefit of the parties and their respective heirs, legal representatives,
successors and assigns; except that, unless a Purchaser consents in writing, no assignment made by the Company in violation of
this Agreement shall be effective or confer any rights on any purported assignee of the Company. The term “successors and
assigns” will not include a purchaser of any of the Subordinated Notes from any Purchaser merely because of such purchase.

 

7.7            No Joint Venture. Nothing contained herein or in any document executed pursuant hereto and no action
or inaction whatsoever on the part of a Purchaser, shall be deemed to make a Purchaser a partner or joint venturer with the Company.

 

7.8            Documentation. All documents and other matters required by any of the provisions of this Agreement
to be submitted or furnished to a Purchaser shall be in form and substance satisfactory to such Purchaser.

 

7.9            Entire Agreement. This Agreement, the Indenture and the Subordinated Notes, along with any exhibits
thereto, constitute the entire agreement between the parties hereto with respect to the subject matter hereof and may not be modified
or amended in any manner other than by supplemental written agreement executed by the parties hereto. No party, in entering into
this Agreement, has relied upon any representation, warranty, covenant, condition or other term that is not set forth in this Agreement.

 

7.10          Choice of Law. This Agreement shall be governed by and construed in accordance with the laws of
the State of New York without giving effect to its laws or principles of conflict of laws. Nothing herein shall be deemed to limit
any rights, powers or privileges which a Purchaser may have pursuant to any law of the United States of America or any rule, regulation
or order of any department or agency thereof and nothing herein shall be deemed to make unlawful any transaction or conduct by
a Purchaser which is lawful pursuant to, or which is permitted by, any of the foregoing.

 

7.11          No
Third Party Beneficiary. This Agreement is made for the sole benefit of the Company and the Purchaser, and no other
Person shall be deemed to have any privity of contract hereunder nor any right to rely hereon to any extent or for any
purpose whatsoever, nor shall any other Person have any right of action of any kind hereon or be deemed to be a third party
beneficiary hereunder; provided, that the Placement Agent may rely on the representations and warranties contained
herein to the same extent as if it were a party to this Agreement.

 

7.12          Legal Tender of United States. All payments hereunder shall be made in coin or currency which at
the time of payment is legal tender in the United States of America for public and private debts.

 

7.13          Captions; Counterparts. Captions contained in this Agreement in no way define, limit or extend
the scope or intent of their respective provisions. This Agreement may be executed in any number of counterparts and by different
parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all
of which taken together shall constitute but one and the same instrument. In the event that any signature is delivered by facsimile
transmission, or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation
of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile signature
page were an original thereof.

 

7.14          Knowledge;
Discretion. All references herein to a Purchaser’s or the Company’s knowledge shall be deemed to mean the
knowledge of such party based on the actual knowledge of such party’s Chief Executive Officer and Chief Financial
Officer or such other persons holding equivalent offices. Unless specified to the contrary herein, all references herein to
an exercise of discretion or judgment by a Purchaser, to the making of a determination or designation by a Purchaser, to the
application of a Purchaser’s discretion or opinion, to the granting or withholding of a Purchaser’s consent or
approval, to the consideration of whether a matter or thing is satisfactory or acceptable to a Purchaser, or otherwise
involving the decision making of a Purchaser, shall be deemed to mean that such Purchaser shall decide using the reasonable
discretion or judgment of a prudent lender.

 

    	 	16	 

     

    

 

7.15         Waiver Of Right To Jury Trial. TO THE EXTENT PERMITTED UNDER APPLICABLE LAW, THE PARTIES HEREBY
KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHT THAT THEY MAY HAVE TO A TRIAL BY JURY IN ANY LITIGATION ARISING IN ANY
WAY IN CONNECTION WITH ANY OF THE TRANSACTION DOCUMENTS, OR ANY OTHER STATEMENTS OR ACTIONS OF THE COMPANY OR THE PURCHASER. THE
PARTIES ACKNOWLEDGE THAT THEY HAVE BEEN REPRESENTED IN THE SIGNING OF THIS AGREEMENT AND IN THE MAKING OF THIS WAIVER BY INDEPENDENT
LEGAL COUNSEL SELECTED OF THEIR OWN FREE WILL. THE PARTIES FURTHER ACKNOWLEDGE THAT (I) THEY HAVE READ AND UNDERSTAND THE MEANING
AND RAMIFICATIONS OF THIS WAIVER, (II) THIS WAIVER HAS BEEN REVIEWED BY THE PARTIES AND THEIR COUNSEL AND IS A MATERIAL INDUCEMENT
FOR ENTRY INTO THIS AGREEMENT AND (III) THIS WAIVER SHALL BE EFFECTIVE AS TO EACH OF SUCH TRANSACTION DOCUMENTS AS IF FULLY INCORPORATED
THEREIN.

 

7.16         Expenses. Except as otherwise provided in this Agreement, each of the parties will bear and pay
all other costs and expenses incurred by it or on its behalf in connection with the transactions contemplated pursuant to this
Agreement.

 

7.17         Survival. Each of the representations and warranties set forth in this Agreement shall survive
the consummation of the transactions contemplated hereby for a period of one year after the date hereof. Except as otherwise provided
herein, all covenants and agreements contained herein shall survive until, by their respective terms, they are no longer operative.

 

[Signature Pages Follow]

 

    	 	17	 

     

    

 

IN WITNESS WHEREOF,
the Company has caused this Subordinated Note Purchase Agreement to be executed by its duly authorized representative as of the
date first above written.

 

	 	COMPANY:
	 	 	 	 
	 	FIRST INTERNET BANCORP
	 	 	 	 
	 	By:	
	 	 	Name:	
	 	 	Title:	     

 

[Company Signature
Page to Subordinated Note Purchase Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF,
the Purchaser has caused this Subordinated Note Purchase Agreement to be executed by its duly authorized representative as of the
date first above written.

 

	 	PURCHASER:

	 	 	 	 
	 	[PURCHASER]
	 	 	 	 
	 	By:	 
	 	 	Name:	          
	 	 	Title:	 

 

[Purchaser Signature
Page to Subordinated Note Purchase Agreement]EX-4.2

 Exhibit 4.2 

MONDELEZ INTERNATIONAL HOLDINGS NETHERLANDS B.V. 

as the Issuer, 

MONDELĒZ INTERNATIONAL, INC. 

as the Parent Guarantor 

and 
 DEUTSCHE BANK
TRUST COMPANY AMERICAS 
 as the Trustee 

and 
 DEUTSCHE BANK
TRUST COMPANY AMERICAS 
 as the Paying Agent 

and 
 DEUTSCHE BANK
TRUST COMPANY AMERICAS 
 as the Registrar and Transfer Agent 

THIRD SUPPLEMENTAL INDENTURE 

DATED AS OF SEPTEMBER 22, 2020 

TO INDENTURE 
 DATED AS
OF OCTOBER 28, 2016 
 Relating To 

€500,000,000 0.000% Notes due 2026 

€750,000,000 0.375% Notes due 2029 

 THIRD SUPPLEMENTAL INDENTURE 

THIRD SUPPLEMENTAL INDENTURE, dated as of September 22, 2020 (this “Supplemental Indenture”), by and among
Mondelez International Holdings Netherlands B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) organized under the laws of the Netherlands, and having its principal office at Wilhelminakanaal
Zuid 110, 4903-RA Oosterhout, Netherlands (hereinafter called the “Company” or the “Issuer”), Mondelēz International, Inc., as guarantor (the “Parent 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 (hereinafter called the “Trustee”), Deutsche Bank Trust Company Americas, as paying agent (the “Paying
Agent”) and Deutsche Bank Trust Company Americas, as registrar and transfer agent (the “Registrar and Transfer Agent”), to the Base Indenture (as defined below). 

RECITALS 
 WHEREAS,
the Company and the Parent Guarantor have heretofore executed and delivered to the Trustee an Indenture, dated as of October 28, 2016 (the “Base Indenture”), providing for the issuance from time to time of its securities
(hereinafter called the “Securities”) evidencing its unsecured indebtedness, 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 two series of notes to be
known respectively as its 0.000% Notes due 2026 (the “2026 Notes”) and its 0.375% Notes due 2029 (the “2029 Notes” and, together with the 2026 Notes, the “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”); and 

WHEREAS, the Company and the Parent 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, the legal, valid and binding obligations of the Company and authenticated
by the Trustee, 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. 
 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: 

“2026 Notes” has the meaning provided in the recitals. 

“2029 Notes” has the meaning provided in the recitals. 

“Base Indenture” has the meaning provided in the recitals. 

“Common Safekeeper” means, with respect to Notes issued in the form of a Global Note in accordance with the New Safekeeping
Structure, Clearstream Nominees Limited (“Clearstream”), which is the entity elected by the Company as Common Safekeeper, or such successor as Clearstream shall designate. 

“Company” or “Issuer” has the meaning provided in the preamble. 

“CSP” means, with respect to Notes issued in the form of a Global Note in accordance with the New Safekeeping Structure,
Deutsche Bank, AG London Branch, which is the entity appointed by the ICSDs to service the Notes, or such successor as the ICSDs shall designate. 

“Depositary” has the meaning provided in Section 2.05 hereof. 

“Designated Agents” means the Persons named as the Paying Agent and the Registrar and Transfer Agent in the preamble and
their respective successors and assigns. 
 “Global Note(s)” means one or more permanent, registered securities in
global form and includes any Global Note intended to be held under the New Safekeeping Structure and registered in the name of a nominee for the Common Safekeeper. 

“ICSDs” means Euroclear and Clearstream, together. 

“Indenture” has the meaning provided in the recitals. 

“New Safekeeping Structure” means a structure where a Global Note is registered in the name of a Common Safekeeper (or its
nominee) for Euroclear and/or Clearstream and will be deposited on or about the issue date with the Common Safekeeper for Euroclear and/or Clearstream. 

 “Notes” has the meaning provided in the recitals. For the avoidance of
doubt, “Notes” shall include the additional Notes, if any. 
 “Parent Guarantor” has the meaning provided in the
preamble. 
 “Securities” has the meaning provided in the recitals. 

“Shortfall” has the meaning provided in Section 5.03 hereof. 

“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. 

(a) Title and Initial Aggregate Principal Amount. The Notes are hereby authorized and are respectively designated the “0.000%
Notes due 2026” and the “0.375% Notes due 2029.” The 2026 Notes issued on the date hereof shall initially be limited to an aggregate principal amount of €500,000,000 and the 2029 Notes issued on the date hereof shall
initially be limited to an aggregate principal amount of €750,000,000. Each series of Notes shall initially be represented by one or more fully registered Global Notes. Each such Global Note shall be deposited with, or on behalf of, a
Common Safekeeper, and registered in the name of the nominee of the Common Safekeeper for the accounts of Clearstream and Euroclear. 
 (b)
Additional Notes. Without the consent of the holders of any 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). Such additional Notes may only be
issued if they would be fungible with the applicable series of Notes for U.S. federal income tax purposes. 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)
2026 Notes. Unless an earlier redemption has occurred, the entire principal amount of the 2026 Notes shall mature and be due and payable, together with any accrued interest thereon, on September 22, 2026. 

(b) 2029 Notes. Unless an earlier redemption has occurred, the entire principal amount of the 2029 Notes shall mature and be due
and payable, together with any accrued interest thereon, on September 22, 2029. 

 Section 2.03 Form, Terms and Provisions. 

(a) Forms, Terms and Provisions. The Notes shall be issued as Global Notes, in fully registered form only and in minimum denominations
of €100,000 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 and Exhibit B,
respectively, which forms are hereby incorporated in and made a part of this Supplemental Indenture. 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 Parent Guarantor, the Trustee and the Designated Agents, by their execution and delivery of this Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby. 

(b) Payment Method. Payment of the principal, premium (if any) and interest in respect of each series of Notes shall be made at the
office or agency of the Company maintained for that purpose in London, England, which shall initially be the principal corporate trust office or agency of the Paying Agent in London, England; provided that, at the option of the Company, payment of
interest, other than interest at maturity or upon redemption, may be made by check mailed to the address of the Holder entitled thereto as such address appears on the Security Register (as defined below) at the close of business on the record date
specified for such series of Notes; provided, further, that (1) the Depositary, as Holder of such series of Notes, or (2) a Holder of more than €5,000,000 in aggregate principal amount of such series of Notes in definitive form is
entitled to require the Paying Agent to make payments of interest, other than interest due at maturity or upon redemption, by wire transfer of immediately available funds into an account maintained by the Holder in the United States, by sending
appropriate wire transfer instructions as long as the Paying Agent receives the instructions not less than ten days prior to the applicable interest payment date. The principal and interest payable on each series of Notes at maturity, or upon
redemption, shall be paid by wire transfer of immediately available funds against presentation of a 2026 Note or a 2029 Note, as applicable, at the office of the Registrar and Transfer Agent. So long as the beneficial owner of the Notes is the
Common Safekeeper, payment of principal and interest shall be made in accordance with the requirements of Euroclear and Clearstream. Notwithstanding the foregoing, payment of any amount payable in respect of a Global Note shall be made in accordance
with the Applicable Procedures of the Depositary. 
 (c) Payment in Euro. Initial investors in the Notes shall be required to
pay for the Notes in euro, and all payments on the Notes shall be payable in euro; provided that if on or after the date of this Supplemental Indenture the euro is unavailable to the Issuer due to the imposition of exchange controls or other
circumstances beyond the Issuer’s control or if the euro is no longer being used by the then member states of the European Monetary Union that have adopted the euro as their currency or for the settlement of transactions by public institutions
of or within the international banking community, then all payments in respect of the Notes shall be made in U.S. dollars until the euro is again available to the Issuer or so used. Under those circumstances, the amount payable on any date in
euro shall be converted by the Issuer into U.S. dollars at the rate mandated by the U.S. Federal Reserve Board as of the close of business on the second business day prior to the relevant payment date or, in the event the U.S. Federal
Reserve Board has not mandated a rate of conversion, on the basis of the most recent U.S. dollar/euro exchange rate published in The Wall Street Journal (or similar widely-circulated financial publication then available) on or prior to
the second business day prior to the relevant payment date. Any 

 
payment in respect of the Notes so made in U.S. dollars shall not constitute an event of default under the Notes or the Indenture. Neither the Trustee nor the Paying Agent shall have any
responsibility for any calculation or conversion in connection with the foregoing. 
 (d) Certificated Notes. The Company shall issue
each series of Notes in definitive form in exchange for the applicable Global Notes only if the Depositary is at any time unwilling or unable to continue as depositary for any of the Global Notes and a successor depositary is not appointed by us
within 90 days or if an Event of Default has occurred with regard to such series of Notes represented by the Global Notes and has not been cured or waived. In addition, the Company may at any time and in its sole discretion determine not to have any
series of Notes represented by the Global Notes and, in that event, shall issue such series of Notes in definitive form in exchange for the Global Notes. In any such instance, a Holder of a beneficial interest in the Global Notes shall be entitled
to physical delivery in definitive form of the applicable series of Notes represented by the Global Notes equal in principal amount to such beneficial interest and to have such series of Notes registered in its name. The Notes so issued in
definitive form shall be issued as registered in minimum denominations of €100,000 and integral multiples of €1,000 in excess thereof, unless otherwise specified by the Company. Definitive Notes may be transferred by presentation for
registration to the Registrar and Transfer Agent at its office and must be duly endorsed by the Holder or the Holder’s attorney duly authorized in writing, or accompanied by a written instrument or instruments of transfer in form satisfactory
to the Company or the Registrar and Transfer Agent duly executed by the Holder or the Holder’s attorney duly authorized in writing. The Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be
imposed in connection with any exchange or registration of transfer of definitive Notes. 
 Section 2.04 Interest on the Notes. 

(a) Interest. 

(i) 2026 Notes. Interest on the 2026 Notes shall accrue at the rate of 0.000% per annum, from September 22, 2020 or
the most recent interest payment date on which interest was paid. Interest on the 2026 Notes shall be payable annually in arrears on September 22 of each year, beginning on September 22, 2021, to Holders in whose names the 2026 Notes are
registered at the close of business on the Business Day immediately prior to the applicable interest payment date or the maturity date, as the case may be. 

(ii) 2029 Notes. Interest on the 2029 Notes shall accrue at the rate of 0.375% per annum, from September 22, 2020 or
the most recent interest payment date on which interest was paid. Interest on the 2029 Notes shall be payable annually in arrears on September 22 of each year, beginning on September 22, 2021, to Holders in whose names the 2029 Notes are
registered at the close of business on the Business Day immediately prior to the applicable interest payment date or the maturity date, as the case may be. 

(b) Payment Convention. 

(i) 2026 Notes. Interest on the 2026 Notes shall be computed on the basis of the actual number of days in the period for which
interest is being calculated and the actual 

 
number of days from and including the last date on which interest was paid on the Notes (or from September 22, 2020, if no interest has been paid on the 2026 Notes), to but excluding the
next scheduled interest payment date. This payment convention is referred to as ACTUAL/ACTUAL (ICMA) as defined in the rulebook of the International Capital Market Association. 

(ii) 2029 Notes. Interest on the 2029 Notes shall be computed on the basis of the actual number of days in the period for which
interest is being calculated and the actual number of days from and including the last date on which interest was paid on the 2029 Notes (or from September 22, 2020, if no interest has been paid on the 2029 Notes), to but excluding the next
scheduled interest payment date. This payment convention is referred to as ACTUAL/ACTUAL (ICMA) as defined in the rulebook of the International Capital Market Association. 

Section 2.05 Depositary. 
 The
Depositary in respect of the Notes shall be Deutsche Bank AG, London, as common depositary for Clearstream and Euroclear, or any of its successors and assigns (the “Depositary”). Paragraph 7 of Section 3.4 of the Base
Indenture shall not apply in respect of the Notes. For the avoidance of doubt, the Depositary shall not be required to be a clearing agency registered under the Securities Exchange Act of 1934, as amended, or any other applicable statute or
regulation. 
 Section 2.06 Purchase Price. 

(a) 2026 Notes. The purchase price of the 2026 Notes is equal to 99.007% of the principal amount of the 2026 Notes, plus accrued
interest, if any, from September 22, 2020. 
 (b) 2029 Notes. The purchase price of the 2029 Notes is equal to 99.111% of
the principal amount of the 2029 Notes, plus accrued interest, if any, from September 22, 2020. 
 Section 2.07 Price to Public. 

(a) 2026 Notes. The price to public of the 2026 Notes is equal to 99.307% of the principal amount of the 2026 Notes, plus
accrued interest, if any, from September 22, 2020. 
 (b) 2029 Notes. The price to public of the 2029 Notes is equal to
99.436% of the principal amount of the 2029 Notes, plus accrued interest, if any, from September 22, 2020. 
 Section 2.08 Guarantees. 

The Notes shall have the benefit of the unconditional guarantee by the Parent Guarantor to pay the principal of, and premium, if any, and interest, if any,
and any Additional Amounts on the Notes, according to the terms of and as more fully described in the Indenture and the related Guarantee attached to the Notes. 

 ARTICLE THREE. 

COVENANTS 
 Section 3.01 Change of
Control. 
 In addition to the covenants set forth in Article Ten of the Base Indenture, the 2026 Notes and the 2029 Notes shall be
subject to the provisions described under the heading “Change of Control” as set forth in the Global Notes representing the 2026 Notes and the 2029 Notes attached hereto as Exhibit A and Exhibit B, respectively. 

Section 3.02 Payment of Additional Amounts. 

Section 10.10 of the Base Indenture shall be applicable to the Notes as set forth in the Global Notes representing the 2026 Notes and the
2029 Notes attached hereto as Exhibit A and Exhibit B, respectively. 
 Section 3.03 Maintenance of Office or Agency. 

In addition to the provisions of Section 10.2 of the Base Indenture, to the extent permitted by law, the Company shall maintain a paying
agent in a member state of the European Union (if any) that shall not require withholding or deduction of tax pursuant to European Council Directive 2003/48/EC on the taxation of savings income or any law implementing or complying with, or
introduced to conform to, such European Council Directive 2003/48/EC. 
 Section 3.04 Irish Stock Exchange Listing. 

The Company shall use its reasonable best efforts to cause the Notes to be listed and admitted to trading on the Global Exchange Market of the
Irish Stock Exchange (trading as Euronext Dublin) and shall from time to time take such other actions as shall be necessary or advisable to maintain the listing of the Notes thereon or another recognized securities exchange. For so long as the Notes
are listed on the Global Exchange Market of the Irish Stock Exchange and the rules of the Global Exchange Market of the Irish Stock Exchange so require, copies of the following items shall be available in physical form at Mondelēz
International, Inc., 905 West Fulton Market, Suite 200, Chicago, IL 60607: (i) the constitutional documents of the Company and the Parent Guarantor; (ii) the listing particulars; (iii) the consolidated audited financial statements of
the Parent Guarantor for the years ended December 31, 2019 and 2018; (iv) the guarantees; and (v) the Indenture. The Company shall promptly notify the Trustee in writing when the Notes are listed on any stock exchange and of any
delisting thereof. 
 ARTICLE FOUR. 

REDEMPTION 
 Section 4.01
Redemption for Tax Reasons. 
 The Company may, at its option, redeem the Notes in whole, but not in part, upon the occurrence of
specified tax events as set forth in the Global Notes representing the 2026 Notes and the 2029 Notes attached hereto as Exhibit A and Exhibit B, respectively. 

 Section 4.02 Optional Redemption. 

(a) 2026 Notes. (i) Prior to June 22, 2026 (the date that is three months prior to the scheduled maturity date) (the
“2026 Notes Par Call Date”), the Company may redeem the 2026 Notes in whole or in part, at its option, at a redemption price equal to the greater of (1) 100% of the principal amount of the 2026 Notes to
be redeemed or (2) the sum of the present values of each remaining scheduled payment of principal and interest thereon (exclusive of interest accrued to the date of redemption) discounted (assuming that the 2026 Notes matured on the 2026 Notes
Par Call Date) to the Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) at the applicable Comparable Government Bond Rate (as defined in the Global Notes representing the 2026 Notes attached hereto as Exhibit A) for the 2026 Notes to
be redeemed plus 15 basis points, plus accrued and unpaid interest on the principal amount of the 2026 Notes to, but not including, the date of redemption and (ii) on or after the 2026 Notes Par Call Date, the Company may redeem the 2026 Notes
in whole or in part, at its option, at a redemption price equal to 100% of their principal amount, plus accrued and unpaid interest to, but not including, the date of redemption The Trustee shall not be responsible for calculating any
“make-whole” premium and the make-whole amount shall be provided by the Company. 
 (b) 2029 Notes. (i) Prior
to June 22, 2029 (the date that is three months prior to the scheduled maturity date) (the “2029 Notes Par Call Date”), the Company may redeem the 2029 Notes in whole or in part, at its option, at a
redemption price equal to the greater of (1) 100% of the principal amount of the 2029 Notes to be redeemed or (2) the sum of the present values of each remaining scheduled payment of principal and interest thereon (exclusive of interest accrued
to the date of redemption) discounted (assuming that the 2029 Notes matured on the 2029 Notes Par Call Date) to the Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) at the applicable Comparable Government Bond Rate (as defined in the Global
Notes representing the 2029 Notes attached hereto as Exhibit B) for the 2029 Notes to be redeemed plus 15 basis points, plus accrued and unpaid interest on the principal amount of the 2029 Notes to, but not including, the date of redemption
and (ii) on or after the 2029 Notes Par Call Date, the Company may redeem the 2029 Notes in whole or in part, at its option, at a redemption price equal to 100% of their principal amount, plus accrued and unpaid interest to, but not including,
the date of redemption. The Trustee shall not be responsible for calculating any “make-whole” premium and the make-whole amount shall be provided by the Company. 

ARTICLE FIVE. 

DESIGNATED AGENTS 
 Section 5.01
Appointment and Resignation of the Designated Agents. 
 (a) Paying Agent. The Company hereby appoints Deutsche Bank Trust
Company Americas as the Paying Agent in respect of the Notes. The Company may, with the prior approval of the Trustee, terminate the appointment of the Paying Agent at any time or appoint additional or other Paying Agents by giving to the Paying
Agent at least 90 days’ prior written notice to that effect provided that any of the Notes are outstanding. 
 (b) Registrar
and Transfer Agent. The Company hereby appoints Deutsche Bank Trust Company Americas as the Registrar and Transfer Agent for the purpose of registering 

 
Notes and transfers of registered Notes as provided under Section 3.6 of the Base Indenture, and all references to “Security Registrar” in the Base Indenture with respect to the
Notes shall be deemed to refer to the Registrar and Transfer Agent. The Registrar and Transfer Agent shall maintain a register at its office, which is currently located at Deutsche Bank Trust Company Americas, 60 Wall Street, 24th floor, New York,
New York 10005 (the register maintained in such office being referred to as the “Security Register”). 
 (c)
Authenticating Agent. The Company and the Trustee hereby appoint Deutsche Bank Trust Company Americas as the Authenticating Agent pursuant to Section 6.12 of the Base Indenture; provided that (i) the sentence “Any such
Authenticating Agent shall at all times be a corporation organized and doing business under the laws of the United States or of any State, authorized under such laws of the United States or of any State, authorized under such laws to exercise
corporate trust powers, having a combined capital and surplus of at least $50,000,000 and subject to supervision or examination by federal or State authority” in the first paragraph of Section 6.12 of the Base Indenture shall not apply and
(ii) Section 6.12 of the Base Indenture shall be amended to provide the Authenticating Agent the power to act on the Trustee’s behalf under Section 3.4 (in addition to the powers under Sections 3.5, 3.6 and 11.7) of the Base
Indenture with respect to authentication and delivery of the Notes, as fully to all intents and purposes as though such Authenticating Agent had been expressly authorized by those Sections of the Base Indenture to authenticate and deliver Notes.

 (d) Resignation of Designated Agents; Appointment of Successors. All or any of the Designated Agents may resign their respective
appointments under the Notes and this Indenture at any time by giving to the Company and, where appropriate, the Paying Agent and the Trustee at least 90 days’ prior written notice to that effect provided that, so long as any of the Notes are
outstanding, the notice shall not, in the case of the Paying Agent, expire less than 45 days before any due date for the payment of interest. Following receipt of a notice of resignation from a Designated Agent, the Company shall promptly, and in
any event not less than 30 days before the resignation takes effect, give notice to the Holders of the Notes in accordance with the Indenture. If any Designated Agent shall resign or be removed, the Company shall promptly and in any event within 30
days appoint a successor approved by the Trustee. If the Company fails to appoint a successor within such period, the Paying Agent may select a leading bank approved by the Company and the Trustee to act as Paying Agent hereunder and the Company
shall appoint that bank as the successor Paying Agent. 
 Section 5.02 Payment by the Company to the Paying Agent. 

(a) The Company shall, not later than 10:00 a.m. (New York City time) the Business Day immediately preceding each date on which any payment of
principal, premium, if any, or interest in respect of any of the Notes becomes due, transfer to an account specified by the Paying Agent such amounts as shall be sufficient for the purposes of the payment of principal, premium, if any, or interest
in same day funds. 
 (b) The Company shall ensure that, not later than the second London Business Day immediately preceding the date on
which any payment is to be made to the Paying Agent pursuant to paragraph (a) above, the Paying Agent shall receive a copy of an irrevocable payment instruction to the bank through which the payment is to be made. For the purposes of this
paragraph (b), “London Business Day” means a day on which banks are open for business in London. 

 (c) If any payment provided for by paragraph (a) above is made late but otherwise under
the terms of this Supplemental Indenture, the Paying Agent shall nevertheless act as a Paying Agent. However, (i) unless and until the full amount of any payment has been made to the Paying Agent in accordance with paragraph (a) above or
(ii) unless and until the Paying Agent is satisfied that such payment shall be made, it shall not be bound to make payments in respect of the Notes as aforesaid. 

Section 5.03 Obligations of the Paying Agent and the Company. 

(a) General Duties of the Paying Agent. Subject to the payments to the Paying Agent being duly made, the Paying Agent shall act as
paying agent of the Company in respect of the Notes and pay or cause to be paid on behalf of the Company, on and after each date on which any payment becomes due and payable, the amounts of principal, premium (if any) or interest then payable on
surrender or, in the case of a Global Note, endorsement, of Notes under the terms and conditions of the Notes and the Indenture. If any payment provided for by Section 5.02 hereof is made late but otherwise under the terms of the Notes and the
Indenture, the Paying Agent shall nevertheless act as paying agent following receipt by them of payment. While any Notes are represented by a Global Note, all payments due in respect of the Notes shall be made to, or to the order of, the holder of
the Global Note, subject to and in accordance with the provisions of the Global Note. On the occasion of each payment, the Paying Agent shall instruct Clearstream and Euroclear to make the appropriate entries in their records to reflect such
payment. 
 (b) Payment Default. If default is made by the Company in respect of any payment, unless and until the full amount of the
payment has been made under the terms of the Notes and the Indenture (except as to the time of making the same) or other arrangements satisfactory to the Paying Agent have been made, the Paying Agent shall not be bound to act as paying agent. 

(c) Payment Shortfall. Notwithstanding the foregoing, if the Paying Agent pays any amounts to the Holders of Notes at a time when it
has not received payment in full in respect of the Notes (the excess of the amounts so paid over the amounts so received being the “Shortfall”), the Company shall, in addition to paying amounts due under Section 5.02 hereof,
pay to the Paying Agent on demand interest (at a rate which represents the Paying Agent’s cost of funding the Shortfall) on the Shortfall (or the unreimbursed portion thereof) until the receipt in full by the Paying Agent of the Shortfall. 

(d) Notification of Non-Payment. The Paying Agent shall notify the Trustee, by facsimile or
electronically in PDF format, forthwith: (i) if it has not by the relevant date specified in Section 5.02 hereof received unconditionally the full amount required for the payment; and (ii) if it receives unconditionally the full
amount of any sum due in respect of the Notes after such date. The Paying Agent shall, at the expense of the Company, forthwith upon receipt of any amount as described under this subclause (ii), cause notice of that receipt to be published. 

 (e) Duties in Connection with Redemption for Tax Reasons. If the Company decides to
redeem Notes pursuant to Section 4.01 hereof, the Paying Agent shall instruct Clearstream and Euroclear to make appropriate entries in their records in respect of all Notes redeemed by the Company to reflect such redemptions. 

(f) Publication of Notices. On behalf of and at the request and expense of the Company, the Paying Agent shall cause to be published
all notices required to be given by the Company under the terms and conditions contained in the Notes. 
 (g) Cancellation of Notes.
All Notes that are surrendered to the Paying Agent in connection with redemption shall be canceled by the Paying Agent. Where Notes are purchased by or on behalf of the Company or any of its subsidiaries, the Company shall immediately notify the
Paying Agent of the principal amount of those Notes it has purchased and may procure that the Notes are promptly canceled and delivered to the Paying Agent or its authorized agent. The Paying Agent or its authorized agent shall (unless otherwise
instructed by the Company) dispose of all canceled Notes and furnish the Company with evidence of disposal containing written particulars of the serial numbers of the Notes and the number so disposed. 

(h) Change of Office. If the Paying Agent shall change its specified office, it shall give to the Company and the Trustee not less than
45 days’ prior written notice to that effect giving the address of the new specified office. As soon as practicable thereafter and in any event at least 30 days before the change, the Paying Agent shall give to the Holders of Notes on behalf of
and at the expense of the Company notice of the change and the address of the new specified office. 
 (i) Additional Duties of the
Paying Agent. The Paying Agent undertakes to the Company that it will, in connection with the issue of the Notes, perform the duties which are stated to be performed by it in Schedule 1. 

(j) Commissions and Expenses. The Company shall pay to the Paying Agent such commissions in respect of the services of the Paying Agent
as shall be agreed from time to time between the Company and the Paying Agent, and shall also pay an amount equal to any value added tax which may be payable in respect of the commissions together with all reasonable expenses incurred by the Paying
Agent in connection with its services. All payments by the Company under this paragraph and to the Trustee pursuant to Section 6.7 of the Base Indenture shall be made free and clear of, and without withholding or deduction for, any taxes,
duties, assessments or governmental charges of whatsoever nature imposed, levied, collected, withheld or assessed by any government having power to tax, unless such withholding or deduction is required by law. In that event, the Company shall pay
such additional amounts as will result in receipt by the Paying Agent of such amounts as would have been received by it if no such withholding had been required. 

(k) No Obligation to Act Under Certain Circumstances. Notwithstanding any other provision of the Notes or the Indenture, the Paying
Agent shall not be under any obligation to take any action under the Notes or the Indenture that it expects will result in any expense or liability accruing to it, the payment of which within a reasonable time is not, in its opinion, assured to it.

 Section 5.04 Indemnity and Limitation of Liability. 

(a) Indemnification of Paying Agent. The Company undertakes to indemnify the Paying Agent against all losses, liabilities, costs,
claims, actions, damages, expenses or demands which it may incur or which may be made against it as a result of or in connection with the appointment of or the exercise of its powers and duties under the Notes and the Indenture except as may result
from its own willful default, gross negligence or fraud. This indemnity shall survive any termination of this Agreement. 
 (b)
Limitation of Liability. The Designated Agents shall not be liable for any loss caused by events beyond their reasonable control including any malfunction, interruption or error in the transmission of information caused by any machine or
systems or interception of communication facilities, abnormal operating conditions or events of force majeure. Under no circumstances shall the Designated Agents be liable to the Company in contract, tort (including negligence) or otherwise for any
consequential, special, indirect or speculative loss or damage (including but not limited to loss of business, goodwill, opportunity or profit) which arises out of or in connection with the Indenture even if advised of the possibility of such loss
or damage. Each of the Designated Agents shall be protected and shall incur no liability for or in respect of action taken, omitted or suffered in reliance upon any instruction, request or order from the Company or the Trustee or any document which
it reasonably believes to be genuine and to have been delivered by the proper party or parties or upon written instructions from the Company or the Trustee. 

Section 5.05 General Provisions Applicable to the Designated Agents. 

(a) Several and Not Joint. The obligations and duties of the Designated Agents under the Notes and the Indenture shall be several and
not joint. 
 (b) No Implied Duties or Other Assumed Obligations. The Designated Agents shall only be obliged to perform duties set
out under the Notes and the Indenture, and shall have no implied duties. In acting under the terms of the Notes and the Indenture, the Designated Agents shall act solely as agents of the Company and shall not assume any obligations towards or
relationship of agency or trust for or with any of the owners or Holders of the Notes. 
 (c) Consultation with Advisers. Each of the
Designated Agents may consult with legal and other professional advisers and the opinion of the advisers shall be full and complete protection in respect of action taken, omitted or suffered under the Indenture in good faith and in accordance with
the opinion of the advisers. 
 (d) Other Engagements. Any of the Designated Agents, their officers, directors or employees may
become the owner of, or acquire any interest in, Notes with the same rights that it or he would have if the Designated Agent concerned were not appointed under this Supplemental Indenture, and may engage or be interested in any financial or other
transaction with the Company or the Trustee, and may act on, or as depositary, trustee or agent for, any committee or body of holders of Notes or other obligations of the Company as freely as if the Designated Agent were not appointed under this
Supplemental Indenture. 

 ARTICLE SIX. 

MISCELLANEOUS 
 Section 6.01
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 6.02 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 6.03 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,
including, without limitation, the rights, privileges and protections afforded to the Trustee thereunder. 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 6.04 Governing Law; Waiver of Jury Trial. 

THIS SUPPLEMENTAL INDENTURE, THE NOTES AND THE GUARANTEES THEREOF SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK. 
 EACH OF THE COMPANY, THE PARENT GUARANTOR 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 6.05 Successors. 
 All
covenants and agreements in this Supplemental Indenture, the Notes or the Base Indenture by each of the Company, the Parent Guarantor and the Trustee shall bind their respective successors and assigns, whether so expressed or not. 

Section 6.06 Counterparts. 
 This
Supplemental Indenture may be executed in two or more counterparts, which when so executed shall constitute one and the same agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission
shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or
PDF shall be deemed to be their original signatures for all purposes. 

 Section 6.07 Trustee Disclaimer. 

With respect to the recitals contained herein and in the Securities, except the Trustee’s certificates of authentication thereof, neither
the Trustee, nor any Authenticating Agent assumes any responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture or of the Notes. Neither the Trustee for the Notes nor
any Authenticating Agent shall be accountable for the use or application by the Company of the Notes or the proceeds thereof. 
 Section 6.08
Modification to Base Indenture. 
 With respect to the Notes and any other series of Securities issued under the Base
Indenture on or after the date hereof: 
 (a) Section 3.4 of the Base Indenture is hereby amended by inserting the word “,
division” after the word “conversion” in the last paragraph; 
 (b) Section 6.11 of the Base Indenture is hereby amended
by inserting the word “, division” after each instance of the word “conversion”; 
 (c) Section 6.12 of the Base
Indenture is hereby amended by inserting the word “, division” after the word “conversion” in the second paragraph; 

(d) Section 8.1 of the Base Indenture is hereby amended by: 

(i) inserting the word “, division” after the word “merger” in paragraph (5); and 

(ii) adding the following language as a new paragraph: 

“Any reference herein to a merger, consolidation, amalgamation, assignment, sale, disposition or transfer, or similar term, shall be
deemed to apply to a division of or by a limited liability company, limited partnership or trust, or an allocation of assets to a series of a limited liability company, limited partnership or trust (or the unwinding of such a division or
allocation), as if it were a merger, consolidation, amalgamation, assignment, sale, disposition or transfer, or similar term, as applicable, to, of or with a separate Person. Any division of a limited liability company, limited partnership or trust
shall constitute a separate Person hereunder (and each division of any limited liability company, limited partnership or trust that is a Subsidiary, joint venture or any other like term shall also constitute such a Person or entity).”; 

(e) Section 10.7 of the Base Indenture is hereby amended by replacing the parenthetical in the third line of paragraph (a)(3) with
the phrase “(including through a merger, share exchange, division or consolidation)”; and 

 (f) Section 10.10 of the Base Indenture is hereby amended by deleting the current
language in paragraph (g) and replacing it with “[reserved]”. 
 Section 6.09 U.S.A. Patriot Act. 

The parties hereto acknowledge that in order to help the United States government fight the funding of terrorism and money laundering
activities, pursuant to Federal regulations that became effective on October 1, 2003 (Section 326 of the USA PATRIOT Act) all financial institutions are required to obtain, verify, record and update information that identifies each person
establishing a relationship or opening an account. The parties to this Supplemental Indenture agree that they shall provide to the Trustee such information as it may request, from time to time, in order for the Trustee to satisfy the requirements of
the USA PATRIOT Act, including but not limited to the name, address, tax identification number and other information that will allow it to identify the individual or entity who is establishing the relationship or opening the account and may also ask
for formation documents such as articles of incorporation or other identifying documents to be provided. 
 Section 6.10 Force Majeure. 

The Trustee shall not incur any liability for not performing any act or fulfilling any duty, obligation or responsibility hereunder by reason
of any occurrence beyond the control of the Trustee (including but not limited to any act or provision of any present or future law or regulation or governmental authority, any act of God or war, civil unrest, local or national disturbance or
disaster, any act of terrorism, or the unavailability of the Federal Reserve Bank wire or facsimile or other wire or communication facility). 

Section 6.11 Notices. 
 (a) Any
notice required to be given under this Supplemental Indenture to any of the parties shall be in English in writing and shall be delivered in person, sent by pre-paid post (first class if domestic, first class
airmail if international) or by facsimile or email in PDF format addressed to: 
  

			
	The Company:	  	Mondelēz International, Inc.
		  	905 West Fulton Market, Suite 200
		  	Chicago, Illinois 60607
		  	United States
		  	Email: william.whisler@mdlz.com
		  	Attention: William Whisler, Assistant Treasurer
		
	The Trustee:	  	Deutsche Bank Trust Company Americas
		  	60 Wall Street, 24th floor
		  	New York, New York 10005
		  	United States
		  	Fax: +1 (732) 578 4635
		  	Attention: Corporates Team / Mondelez International Holdings Netherlands B.V.

			
	The Paying Agent:	  	Deutsche Bank Trust Company Americas
		  	60 Wall Street, 24th floor
		  	New York, New York 10005
		  	United States
		  	Fax: +1 (732) 578 4635
		  	Attention: Corporates Team / Mondelez International Holdings Netherlands B.V.
		
	The Registrar and Transfer Agent:	  	Deutsche Bank Trust Company Americas
		  	60 Wall Street, 24th floor
		  	New York, New York 10005
		  	United States
		  	Fax: +1 (732) 578 4635
		  	Attention: Corporates Team / Mondelez International Holdings Netherlands B.V.

 (b) Notwithstanding any other provision of the Notes or the Indenture, so long as a Global Note is held on
behalf of Clearstream or Euroclear or any other clearing system, notices to Holders of Notes represented by a Global Note may be given by delivery of the relevant notice to Clearstream or Euroclear or, as the case may be, any other clearing system.
Any obligation the Company (and the Paying Agent on its behalf) may have to publish a notice to Holders of Notes shall have been met upon delivery of the notice to the relevant clearing system. 

(Remainder of page intentionally left blank) 

 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. 
  

					
	MONDELEZ INTERNATIONAL HOLDINGS NETHERLANDS B.V.
		
	By:	 	 /s/ Petruschka Janina Merkus

		 	Name:	 	Petruschka Janina Merkus
		 	Title:	 	Managing Director

  

					
	MONDELĒZ INTERNATIONAL, INC.
		
	By:	 	 /s/ Michael A. Call

		 	Name:	 	Michael A. Call
		 	Title:	 	Vice President and Treasurer

 
					
	 DEUTSCHE BANK TRUST COMPANY

AMERICAS, as Trustee

		
	By:	 	 /s/ Kathryn Fischer

		 	Name:	 	Kathryn Fischer
		 	Title:	 	Vice President
		
	By:	 	 /s/ Luke Russell

		 	Name:	 	Luke Russell
		 	Title:	 	Assistant Vice President
	
	 DEUTSCHE BANK TRUST COMPANY

AMERICAS, as Paying Agent

		
	By:	 	 /s/ Kathryn Fischer

		 	Name:	 	Kathryn Fischer
		 	Title:	 	Vice President
		
	By:	 	 /s/ Luke Russell

		 	Name:	 	Luke Russell
		 	Title:	 	Assistant Vice President
	
	 DEUTSCHE BANK TRUST COMPANY

AMERICAS, as Registrar and Transfer Agent

		
	By:	 	 /s/ Kathryn Fischer

		 	Name:	 	Kathryn Fischer
		 	Title:	 	Vice President
		
	By:	 	 /s/ Luke Russell

		 	Name:	 	Luke Russell
		 	Title:	 	Assistant Vice President

 Schedule 1 

Additional Duties of the Paying Agent 

The Paying Agent and the Company shall comply with the following provisions: 
  

	1.	 The Paying Agent shall inform each of Euroclear and Clearstream (the “ICSDs”), through the
common service provider appointed by the ICSDs to service the Notes (the “CSP”), of the initial issue outstanding amount (IOA) for the Notes on or prior to the Issue Date. 

 

	2.	 If any event occurs that requires a mark up or mark down of the records which an ICSD holds for its customers
to reflect such customers’ interest in the Notes, the Paying Agent shall (to the extent known to it) promptly provide details of the amount of such mark up or mark down, together with a description of the event that requires it, to the ICSDs
(through the CSP) to ensure that the IOA of the Notes remains at all times accurate. 

  

	3.	 The Paying Agent shall at least monthly reconcile its record of the IOA of the Notes with information received
from the ICSDs (through the CSP) with respect to the IOA maintained by the ICSDs for the Notes and shall promptly inform the ICSDs (through the CSP) of any discrepancies. 

 

	4.	 The Paying Agent shall promptly assist the ICSDs (through the CSP) in resolving any discrepancy identified in
the IOA of the Notes. 

  

	5.	 The Paying Agent shall promptly provide to the ICSDs (through the CSP) details of all amounts paid by it under
the Notes (or, where the Notes provide for delivery of assets other than cash, of the assets so delivered). 

  

	6.	 The Paying Agent shall (to the extent known to it) promptly provide to the ICSDs (through the CSP) notice of
any changes to the Notes that shall affect the amount of, or date for, any payment due under the Notes. 

  

	7.	 The Paying Agent shall (to the extent known to it) promptly provide to the ICSDs (through the CSP) copies of
all information that is given to the holders of the Notes. 

  

	8.	 The Paying Agent shall promptly pass on to the Company all communications it receives from the ICSDs directly
or through the CSP relating to the Notes. 

  

	9.	 The Paying Agent shall (to the extent known to it) promptly notify the ICSDs (through the CSP) of any failure
by the Company to make any payment or delivery due under the Notes when due. 

 Exhibit A 

[Face of Note] 
 [Insert the
Global Security Legend, if applicable pursuant to the provisions of the Indenture] 
 [Insert the Private Placement Legend, if applicable
pursuant to the provisions of the Indenture] 
 [Insert the Regulation S Temporary Global Security Legend, if applicable pursuant to the
provisions of the Indenture] 
 [INSERT FOR GLOBAL NOTE: THIS NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF THE NOMINEE OF THE ENTITY APPOINTED AS COMMON SAFEKEEPER FOR EUROCLEAR BANK S.A./N.V. (“EUROCLEAR”) AND CLEARSTREAM BANKING S.A. (“CLEARSTREAM”). TRANSFERS OF THIS GLOBAL SECURITY
SHALL BE LIMITED TO TRANSFERS IN WHOLE, AND NOT IN PART, TO NOMINEES OF THE COMMON SAFEKEEPER OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.] 

							
		  		  	CUSIP:	  	[                    ]1
		  		  	ISIN:	  	[                    ]2
		  		  	Common Code:	  	[                    ]3

 [RULE 144A][REGULATION S] GLOBAL NOTE 

representing up to 

€[            ] 

0.000% Notes due 2026 
 MONDELEZ INTERNATIONAL
HOLDINGS NETHERLANDS B.V. 
  

			
	No. [    ]	  	€[                ]

 MONDELEZ INTERNATIONAL HOLDINGS NETHERLANDS B.V., a private company with limited liability (besloten
vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands (hereinafter called the “Issuer,” which term includes any successor Person under the Indenture hereinafter referred to) and an indirect,
wholly owned subsidiary of Mondelēz International, Inc., a Virginia Corporation (hereinafter called the “Parent” or the “Parent Guarantor,” which term includes any successor Person under the Indenture
hereinafter referred to), for value received, hereby promises to pay to Clearstream Nominees Limited or registered assigns, the principal sum [set forth on the Schedule of Exchanges of Interests in the Global Note attached hereto][of
€[            ] ([            ] EURO)] on September 22, 2026. 

Interest Payment Dates: September 22 of each year, beginning on September 22, 2021 

If any Interest Payment Date is not a business day, the Interest Payment Date shall be postponed to the next succeeding business day, and no
interest shall accrue as a result of such delayed payment on amounts payable from and after such Interest Payment Date to the next succeeding business day. 

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 Business Day immediately prior to the applicable Interest Payment Date or the maturity date, as the case may be. 

Payment of the principal of, premium, if any, and interest on this Note shall be made in immediately available funds to the ICSDs or to the
nominee of the Common Safekeeper, as the case may be, as the registered holder of such Note. If any of the Notes is no longer represented by Global Notes, payment of interest on the Notes in definitive,
non-global form may, at the option of the Paying Agent, be made by check mailed directly to Holders at their registered addresses. All payments of principal and interest in respect of this Note shall be made
by the Issuer in immediately available funds. This Note shall not be valid for any purposes until it has been effectuated for or on behalf of the Common Safekeeper. 

 

	1 	 CUSIP: 144A: 60920L AK0; Regulation S: N6000L AH8. 

	2 	 ISIN: 144A: XS2236192824; Regulation S: XS2235986929. 

	3 	 Common Code: 144A: 223619282; Regulation S: 223598692. 

 As used herein, “business day” means any day, other than a Saturday or Sunday,
that is neither a legal holiday nor a day on which commercial banks are authorized or required by law, regulation or executive order to close in The City of New York. 

Interest on the Notes shall be computed on the basis of the actual number of days in the period for which interest is being calculated and the
actual number of days from and including the last date on which interest was paid on the Notes (or from September 22, 2020, if no interest has been paid on the Notes), to but excluding the next scheduled interest payment date. This payment
convention is referred to as ACTUAL/ACTUAL (ICMA) as defined in the rulebook of the International Capital Market Association. 
 If the
maturity date or a date fixed for redemption is not a business day, then payment of interest or principal need not be made on such date, but may be made on the next succeeding business day, in each case with the same force and effect as if made on
the scheduled maturity date or such date fixed for redemption, and no interest shall accrue as a result of such delayed payment on amounts payable from and after the scheduled maturity date or such Redemption Date, as the case may be, to the next
succeeding business day. 
 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] 

 IN WITNESS WHEREOF, Mondelez International Holdings Netherlands B.V. has caused this
instrument to be duly executed. 
 Dated: September 22, 2020. 

 

			
	 MONDELEZ INTERNATIONAL HOLDINGS

NETHERLANDS B.V.

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 CERTIFICATE OF AUTHENTICATION 

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

 

			
	 DEUTSCHE BANK TRUST COMPANY

AMERICAS, as Trustee

		
	By:	 	  

		 	Authorized Signatory

 Dated: September 22, 2020 

 Effectuated for and on behalf of Clearstream Banking S.A., as Common Safekeeper, without
recourse, warranty or liability. 
  

			
	 CLEARSTREAM BANKING S.A., as Common

Safekeeper

		
	By:	 	  

		 	Authorized Signatory

 Dated: September 22, 2020 

 (Reverse of Note) 

MONDELEZ INTERNATIONAL HOLDINGS NETHERLANDS B.V. 

This Note is one of a duly authorized issue of debentures, Notes or other evidences of indebtedness (hereinafter called the
“Securities”) of the Issuer of the series hereinafter specified, all such Securities issued and to be issued under an Indenture dated as of October 28, 2016 (herein called the “Base Indenture”), as supplemented
by the third supplemental indenture, dated as of September 22, 2020 (the “Third Supplemental Indenture” and, the Base Indenture, as supplemented and modified by the Third Supplemental Indenture, the
“Indenture”) between the Issuer, the Parent, Deutsche Bank Trust Company Americas, as Trustee (the “Trustee”), Deutsche Bank Trust Company Americas, as paying agent (the “Paying Agent”) and Deutsche
Bank Trust Company Americas, as registrar and transfer agent (the “Registrar and Transfer Agent”), 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 Issuer and Parent, 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 0.000% Notes due 2026 (the “Notes”). 

The Notes have the benefit of the unconditional guarantee by the Parent to pay the principal of, and premium if any, and interest, if any, on
the Notes according to the terms of and as more fully described in the Indenture and the related Guarantee included herein. Reference is made to Article 14 and the Guarantee included herein for the terms relating the Guarantee, including the
release, termination and discharge thereof. 
 The Issuer 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. 

Change of Control 
 If a Change of Control
Triggering Event (as defined below) occurs, unless the Issuer has exercised its right to redeem the Notes upon the occurrence of specified events as described below under “ —Redemption for Tax Reasons,” Holders may require the Issuer
to repurchase all or any part (equal to €100,000 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 Issuer shall mail a notice to Holders
(with a copy to the Trustee) 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 shall 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 Issuer must comply with the requirements of
Rule 14e-1 under the Securities Exchange Act of 1934, as amended (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
Issuer shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under the Change of Control provisions of the Notes by virtue of such conflicts. 

On the Change of Control Payment Date, the Issuer 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
shall promptly mail to each Holder of Notes properly tendered the purchase price for the Notes, and the Trustee shall 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 shall be in a principal amount of €100,000 or an integral multiple of €1,000 in excess thereof. 

The Issuer shall 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 Issuer 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 first 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 that the reduction was the result, in whole or in part, of any event or circumstance comprised of 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: (i) the direct or indirect sale,
transfer, conveyance or other disposition (other than by way of merger, consolidation or division), in one or a series of related transactions, of all or substantially all of the properties or assets of Parent 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 Parent or one of its subsidiaries; (ii) the approval by the holders of the Issuer’s or Parent’s common
stock of any plan or proposal for the liquidation or dissolution of the Issuer or Parent (whether or not otherwise in compliance with the provisions of the Indenture); (iii) the consummation of any transaction (including, without limitation, any
merger, consolidation or division) 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 Parent’s or Issuer’s voting stock; or
(iv) the first day on which a majority of the members of Parent’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 Parent 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 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 Parent’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., or any successor to the rating agency
business thereof. 
 “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 Issuer’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 Issuer (as certified by a resolution of its Board of Directors) as a replacement agency for Moody’s or S&P, or all of them, as the
case may be. 
 “S&P” means Standard & Poor’s Financial Services LLC, a division of
S&P Global, Inc., or any successor to the rating agency business thereof. 
 Issuance in Euro; Payment on the Notes 

Initial investors in the Notes shall be required to pay for the Notes in euro, and all payments on the Notes shall be payable in euro; provided
that if on or after the date of issuance of this Note the euro is unavailable to the Issuer due to the imposition of exchange controls or other circumstances beyond the Issuer’s control or if the euro is no longer being used by the then member
states of the European Monetary Union that have adopted the euro as their currency or for the settlement of transactions by public institutions of or within the international banking community, then all payments in respect of the Notes shall be made
in U.S. dollars until the euro is again available to the Issuer or so used. Under those circumstances, the amount payable on any date in euro shall be converted by the Issuer into U.S. dollars at the rate mandated by the U.S. Federal
Reserve Board as of the close of business on the second business day prior to the relevant payment date or, in the event the U.S. Federal Reserve Board has not mandated a rate of conversion, on the basis of the most recent U.S. dollar/euro
exchange rate published in The Wall Street Journal (or similar widely-circulated financial publication then available) on or prior to the second business day prior to the relevant payment date. Any payment in respect of the Notes so made in
U.S. dollars shall not constitute an event of default under the Notes or the Indenture. Neither the Trustee nor the Paying Agent shall have any responsibility for any calculation or conversion in connection with the foregoing. 

Optional Redemption 
 At any time prior to
June 22, 2026 (the date that is three months prior to the scheduled maturity date) (the “Par Call Date”), the Notes shall be redeemable, as a whole or in part, at the Issuer’s option, at any time and from
time to time on at least 15 days’, but not more than 60 days’, prior notice (with written notice to the Trustee no less than 15 days (or such shorter period as agreed by the Trustee) prior to the sending of such redemption notice in the
event the Trustee is engaged by the Issuer to send such notice in its name and at its expense). The redemption price shall be equal to the greater of (1) 100% of the principal amount of the Notes to be redeemed or (2) the sum of the present
values of each remaining scheduled payment of principal and interest thereon (exclusive of interest accrued to the date of redemption) discounted (assuming that the Notes matured on the Par Call Date) to the Redemption Date on an annual basis
(ACTUAL/ACTUAL (ICMA)) at the applicable Comparable Government Bond Rate (as defined below) for the Notes to be redeemed plus 15 basis points, plus accrued and unpaid interest on the principal amount of the Notes to, but not including, the date
of redemption. 
 “Comparable Government Bond” means, in relation to any Comparable Government Bond Rate calculation, the
German government bond (Bundesanleihe) selected by the Independent Investment Banker whose maturity is closest to the maturity of the remaining term of the Notes 

 
from the applicable Redemption Date to the Par Call Date (the “Remaining Life”) to be redeemed that would be utilized, at the time of selection and in accordance with customary
financial practice, in pricing new issues of euro-denominated corporate debt securities of a comparable maturity to the Remaining Life of the Notes to be redeemed. 

“Comparable Government Bond Price” means, with respect to any Redemption Date, (i) the arithmetic average (as determined
by the Independent Investment Banker) of the Reference Government Bond Dealer Quotations for such Redemption Date, after excluding the highest and lowest of such Reference Government Bond Dealer Quotations, or (ii) if the Independent Investment
Banker obtains fewer than four such Reference Government Bond Dealer Quotations, the arithmetic average of all such quotations. 

“Comparable Government Bond Rate” means, with respect to any Redemption Date, the rate per annum equal to the yield to
maturity, expressed as a percentage (rounded to three decimal places, with 0.0005 being rounded upwards), on the third business day prior to such Redemption Date, calculated in accordance with customary financial practice in pricing new issues of
comparable corporate debt securities paying interest on an annual basis (ACTUAL/ACTUAL (ICMA)) of the Comparable Government Bond, calculated using a price for the Comparable Government Bond (expressed as a percentage of its principal amount) equal
to the Comparable Government Bond Price for such Redemption Date. The Comparable Government Bond Rate shall be calculated by the Independent Investment Banker and reported to the Issuer on the third business day preceding the applicable Redemption
Date. 
 “Independent Investment Banker” means one of the Reference Government Bond Dealers, as selected by the Issuer.

 “Redemption Date” means any date fixed for redemption of Notes. 

“Reference Government Bond Dealer” means each of (i) HSBC Bank plc, Société Générale, J.P.
Morgan Securities plc, MUFG Securities EMEA plc or any of their affiliates that are Primary Dealers (as defined below), and their respective successors and (ii) one other primary European government securities dealers (“Primary
Dealers”) selected by the Issuer; provided that if any of the foregoing shall cease to be Primary Dealer, the Issuer shall substitute in its place another Primary Dealer. 

“Reference Government Bond Dealer Quotation” means, with respect to each Reference Government Bond Dealer and any Redemption
Date, the arithmetic average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Government Bond (expressed in each case as a percentage of its principal amount) quoted in writing to the Independent
Investment Banker by such Reference Government Bond Dealer at 11:00 a.m., Central European Time (CET), on the third business day preceding such Redemption Date. 

 On or after the Par Call Date, the Issuer may redeem the Notes in whole or in part, at its
option, at a redemption price equal to 100% of their principal amount, plus accrued and unpaid interest to, but not including, the date of redemption. 

On or before the Redemption Date, the Issuer shall deposit with the Trustee money sufficient to pay the redemption price of and (unless the
Redemption Date shall be an interest payment date) accrued interest to the Redemption Date on the Notes to be redeemed on such date. The Trustee shall not be responsible for calculating any “make-whole” premium. If less than all of the
Notes are to be redeemed, the Notes to be redeemed shall be selected by the Trustee by lot, pro rata or by such method as the Trustee shall deem fair and appropriate in each case in accordance with the applicable procedures of the ICSDs, unless
otherwise required by law or applicable stock exchange or depositary requirements, or, if the Notes are not so listed, on a pro rata basis, by lot or by such other method in accordance with the Depositary’s procedures. On and after the
Redemption Date, interest shall cease to accrue on the Notes or any portion of the Notes called for redemption (unless the Issuer defaults in the payment of the redemption price and accrued interest). After the Redemption Date, holders of Notes that
were redeemed shall have no rights with respect to the Notes except the right to receive the redemption price and any unpaid interest to the Redemption Date. 

Payment of Additional Amounts 
 All
payments by the Issuer, the Parent Guarantor or the Paying Agent (each referred to in this section as a “Payor”) with respect to any Note or Guarantee shall be made free and clear of and without withholding or deduction for or on
account of any present or future tax, assessment or other governmental charge and any applicable interest and penalties (collectively “Taxes”), unless the withholding or deduction of such amounts is required by law or the official
interpretation thereof. 
 The Issuer or Parent, as applicable, will, subject to the exceptions and limitations set forth below, pay such
additional amounts as may be necessary to ensure that every net payment on such Note or guarantee, after deduction or withholding by the applicable withholding agent for or on account of any present or future Tax imposed upon or as a result of such
payment by any jurisdiction in which the Issuer or Parent is incorporated or organized, resident or engaged in business for tax purposes, or from or through which payment is made by or on behalf of the Issuer or Parent, or, in each case, any
political subdivision thereof or therein (each a “Relevant Taxing Jurisdiction”), including any such deduction or withholding attributable to the payment of such additional amounts, shall not be less than the amount provided in such
Note to be then due and payable absent such deduction or withholding (such additional amounts, the “Additional Amounts”). However, the Issuer and Parent shall not pay Additional Amounts (including, for the avoidance of doubt, any
such amount in respect of the payment of Additional Amounts) for or on account of: 
 (a) any Tax that is imposed or withheld
solely by reason of the existence of any present or former connection (other than a connection arising solely from the ownership of those Notes, the receipt of payments in respect of those Notes or the guarantee, or the enforcement of any rights
with respect to those Notes or the guarantee) between the holder or the beneficial owner (or between a fiduciary, settlor, beneficiary, member, partner or 

 
shareholder of such holder or beneficial owner if such holder is an estate, trust, partnership, limited liability company, other fiscally transparent entity or corporation, or a person holding a
power over an estate or trust administered by a fiduciary holder or beneficial owner) of the Notes and the applicable Relevant Taxing Jurisdiction, including without limitation citizenship, nationality, residence, domicile or the existence of a
business, permanent establishment, a dependent agent or a place of management present or deemed present in the applicable Relevant Taxing Jurisdiction; 

(b) any Tax which would not have been imposed but for the presentation of such Note for payment on a date more than 30 days
after the date on which such payment became due and payable or the date on which such payment is duly provided for, whichever occurs later; 

(c) any Tax that is payable by any method other than withholding or deduction in respect of any payments under or, in respect
of, such Note or the guarantee; 
 (d) any gift, estate, inheritance, sales, transfer, personal property or any similar Tax;

 (e) any Tax if the holder could have avoided such Tax by presenting the relevant Notes for payment to another paying
agent; 
 (f) any Tax imposed or withheld as a result of the failure of the Holder or beneficial owner of a Note to comply
with a request to comply with applicable certification, information, documentation or other reporting requirements concerning the nationality, residence, identity or connection with any jurisdiction of the holder or beneficial owner of a Note or to
satisfy any information or reporting requirement, if such compliance is required by statute or regulation of the Relevant Taxing Jurisdiction or by an applicable income tax treaty to which the Relevant Taxing Jurisdiction is a party as a
precondition to relief or exemption from such Tax by the Relevant Taxing Jurisdiction; provided, in each case, that the holder or beneficial owner is legally eligible to satisfy such requirement; 

(g) any Tax imposed on or with respect to any payment to a holder if such holder is a fiduciary, limited liability company,
partnership, other fiscally transparent entity or other Person other than the sole beneficial owner of the applicable Note to the extent that such Tax would not have been imposed on such payment had the beneficiary, settlor, partner, member or other
beneficial owner directly held the Note; 
 (h) any Tax imposed under Sections 1471 through 1474 of the Internal Revenue
Code of 1986, as amended (the “Code”) as of the issue date (or any amended or successor provision that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official
interpretations thereof, any agreement entered into pursuant to current Section 1471(b) of the Code (or any amended or successor version described above) or any fiscal or regulatory legislation, rules or practices adopted pursuant to any
intergovernmental agreement (or related laws or official administrative practices) implementing the foregoing; 

 (i) any U.S. federal Tax imposed on a beneficial owner that actually or
constructively owns 10% or more of the total combined voting power of all of the Issuer or Parent’s stock that is entitled to vote within the meaning of Section 871(h)(3) of the Code; 

(j) any U.S. federal backup withholding Tax imposed pursuant to Section 3406 of the Code; 

(k) any Tax imposed from January 1, 2021 under to the Dutch Withholding Tax Act 2021 (Wet bronbelasting
2021) on any payments made or deemed to be made by the Issuer to a related party (within the meaning of the Dutch Withholding Tax Act 2021 (Wet bronbelasting 2021)); 

or 

(l) any combination of items (a) through (k) above. 

The Issuer shall pay any stamp, issue, registration, court or documentary Taxes or any other excise or similar Taxes that are levied by any
Relevant Taxing Jurisdiction and required by such Relevant Taxing Jurisdiction to be paid on the execution, delivery, issuance, or registration of any of the Notes, the Indenture, any guarantee or any other document referred to therein, the receipt
of any payments with respect thereto (but excluding, solely in the case of such payments, any Taxes described in clause (a), (b), or (d) through (j) or any combination of the foregoing), or enforcement of, any of the Notes or any guarantee. The
Issuer shall not, however, be obligated to pay any stamp, issue, registration, court or documentary Taxes, or any other excise or similar Tax, that is levied by any Relevant Taxing Jurisdiction in connection with any transfer of a Note or a
beneficial interest in a Note to a Person other than the Issuer or Parent after the date of issuance of the Notes. 
 If a Payor is the
applicable withholding agent, each of the Issuer and Parent shall (i) make all withholdings and deductions for Taxes with respect to payments under the Notes or the guarantee that it is required by law or the official interpretation thereof to
make, and shall remit the full amount deducted or withheld to the relevant tax authority in accordance with applicable law (ii) use its reasonable efforts to obtain tax receipts from each tax authority evidencing the payment of any Taxes so
deducted or withheld and (iii) furnish to the Trustee, within a reasonable time after the date of the payment of any such Taxes, certified copies of such Tax receipts evidencing any such payment, or if, notwithstanding its efforts to obtain
receipts, receipts are not available, other evidence of such payments. 
 The above obligations shall survive any termination, defeasance or
discharge of the Indenture and any transfer by a holder or beneficial owner of its Notes, and shall apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer or Parent is incorporated or organized, resident or
engaged in business for Tax purposes or any jurisdiction from or through which any payment on the Notes (or any Guarantee) is made by or on behalf of such Person and, in each case, any political subdivision thereof or therein. 

Whenever in the Indenture or in this Note there is mentioned, in any context, the payment of amounts based upon the principal amount of the
Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context,
Additional Amounts are, were or would be payable in respect thereof. 

 At least 10 days prior to the first Interest Payment Date, and at least 10 days prior to
each date of payment of principal, premium, if any, and interest, if any, if there has been any change with respect to the matters set forth in the below mentioned Officers’ Certificate, the Issuer shall furnish the Trustee and the
Issuer’s principal Paying Agent or Paying Agents, if other than such Trustee, with an Officers’ Certificate instructing such Trustee and such Paying Agent or Paying Agents whether such payment of principal of, and premium, if any, and
interest, if any, on the Notes shall be made to Holders without withholding for or on account of any tax, assessment or other governmental charge referred to above or described herein. If any such withholding shall be required, then such
Officers’ Certificate shall specify by country the amount, if any, required to be withheld on such payments to such Holders and the Issuer or the Parent, as the case may be, shall pay to the Trustee or such Paying Agent such Additional Amounts
as may be required pursuant to the terms hereof. The Issuer covenants to indemnify the Trustee for the Notes and any Paying Agent for, and to hold them harmless against, any loss, liability or expense reasonably incurred without gross negligence or
willful misconduct on their part arising out of or in connection with actions taken or omitted by any of them in reliance on any Officers’ Certificate furnished pursuant to Section 10.10 of the Base Indenture. For the avoidance of doubt,
the Trustee shall not at any time be under any duty or responsibility to any Holder to determine the Additional Amounts, or with respect to the nature, extent, or calculation of the amount of any Additional Amounts owed, or with respect to the
method employed in such calculation of any Additional Amounts. 
 Redemption for Tax Reasons 

The Issuer 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 (with written notice to the Trustee no less than 15 days (or such shorter period as agreed by the Trustee) prior to the sending of such redemption notice in the event the Trustee is engaged by the Issuer to send such notice or
cause such notice to be sent in its name and at its expense) at a redemption price equal to the principal amount of such Notes plus any accrued interest and Additional Amounts to, but not including, the date fixed for redemption if as a result of a
change in or amendment to the tax laws, regulations or rulings of the Relevant Taxing Jurisdiction or any change in official position regarding the application or interpretation of such tax laws, regulations or rulings (including by virtue of a
holding by a court of competent jurisdiction in the Relevant Taxing Jurisdiction), which change or amendment becomes effective after the issuance of such Notes (or, if the Relevant Taxing Jurisdiction becomes a Relevant Taxing Jurisdiction after the
issuance of such Notes, after the Relevant Taxing Jurisdiction becomes a Relevant Taxing Jurisdiction), the Issuer becomes or will become obligated to pay Additional Amounts with respect to the Notes as described above under “ —Payment of
Additional Amounts,” and the Issuer, in its business judgment, determines that such obligations cannot be avoided by the use of reasonable measures available to the Issuer; provided that (1) no notice of redemption may be given earlier
than 90 days prior to the earliest date on which we would be obligated to pay the Additional Amounts giving rise to the redemption if a payment on the applicable Notes were then due and (2) at the time such notice of redemption is given the
obligation to pay such Additional Amounts remains in effect. For the avoidance of doubt, the entering into effect on a future date of the Dutch Withholding Tax Act 2021 (Wet bronbelasting 2021), substantially in the form
currently enacted, shall not be considered to be a change or amendment of law for purposes of this heading “ —Redemption for Tax Reasons.” 

 If the Issuer exercises its option to redeem the Notes, the Issuer shall deliver to the
Trustee a certificate signed by an authorized officer stating that the Issuer is entitled to redeem the Notes, along with (i) an opinion of independent tax counsel of recognized expertise in the laws of the Relevant Taxing Jurisdiction selected
by the Issuer to the effect that a change in law as described above exists and (ii) an Officer’s Certificate to the effect that it cannot avoid its obligation to pay Additional Amounts by the Issuer taking reasonable measures available to
it. The Trustee and the Paying Agent shall accept and shall be entitled to conclusively rely upon such Officer’s Certificate and opinion of counsel as sufficient evidence of the satisfaction of the conditions precedent described above for the
Issuer to exercise its right to redeem the Notes, which determination shall be conclusive and binding on the holders of the Notes. 
 Defeasance 

The Indenture contains provisions for defeasance at any time of the entire principal of all the Securities upon compliance by the Issuer with
certain conditions set forth therein. 
 Certain of the Issuer’s obligations under the Indenture with respect to Notes, may be
terminated if the Issuer irrevocably deposits with the Trustee money or Government Obligations sufficient to pay and discharge the entire indebtedness on the Indenture. 

Events of Default 
 Section 5.1(a) of
the Indenture shall be applicable to the Notes. If an Event of Default (other than an Event of Default described in Section 5.1(a)(4) or 5.1(a)(5) of the Indenture) with respect to the Notes shall occur and be continuing, then either the
Trustee or the Holders of at least 25% in aggregate principal amount of the Notes of this series then Outstanding may declare the entire principal amount of the Notes together with accrued interest on 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 5.1(a)(4) or Section 5.1(a)(5) of the Indenture occurs with respect to the Issuer, 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 Issuer and the rights of the Holders of the Securities under the Indenture at any time by the Issuer with the consent of the
Holders of more than 50% in aggregate principal amount of the Securities at the time Outstanding of each series issued under the Indenture to be affected thereby. The Indenture also contains provisions permitting the Holders of specified percentages
in aggregate principal amount of the Securities of that series at the time Outstanding, on behalf of the Holders of all the Securities of such series, to waive compliance by the Issuer 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 Issuer,
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 
 The
Notes are in registered form without coupons in denominations of €100,000 and integral multiples of €1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Security
Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and the Issuer may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. 

No service charge shall be made for any such registration of transfer or exchange, but the Issuer may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith. 
 The Issuer, the Trustee for the Notes and any agent of the
Issuer 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 Issuer,
such Trustee nor any such agent shall be affected by notice to the contrary. 
 The Notes are not subject to a sinking fund. 

Judgment Currency 
 Any payment on account
of an amount that is payable in euro which is made to or for the account of any holder or the Trustee in lawful currency of any other jurisdiction (the “Judgment Currency”), whether as a result of any judgment or order or the
enforcement thereof or the liquidation of the Issuer, shall constitute a discharge of the Issuer’s obligation under the Indenture and the Notes only to the extent of the amount of euro which such holder or the Trustee, as the case may be, could
purchase in the London foreign exchange markets with the amount of the Judgment Currency in accordance with normal banking procedures at the rate of exchange prevailing on the first business day following receipt of the payment in the Judgment
Currency. If the amount of euro that could be so purchased is less than the amount of euro originally due to such holder or the Trustee, as the case may be, the Issuer shall indemnify and hold harmless the holder or the Trustee, as the case may be,
from and against all loss or damage arising out of, or as a result of, such deficiency. This indemnity shall constitute an obligation separate and independent from the other obligations contained in the Indenture or the Notes, shall give rise to a
separate and independent cause of action, shall apply irrespective of any indulgence granted by any holder or the Trustee from time to time and shall continue in full force and effect notwithstanding any judgment or order for a liquidated sum in
respect of an amount due hereunder or under any judgment or order. 

 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. 
 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 Mondelez International Holdings Netherlands B.V. 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.

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE 

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 Security or Definitive Security for an interest in this Global Note, have been made: 
  

																	
	 Date of

Exchange
	  	 Amount of
decrease

in Principal
	 	  	 Amount of increase

in Principal
	 	  	Principal Amount
of
this Global Note
following such
decrease 
or
increase	 	  	Signature of
authorized
officer
of Trustee or
Note custodian	 
	  	Amount of this
Global Note	 	  	Amount of this
Global Note	 
		  				  				  				  			
		  				  				  				  			
		  				  				  				  			
		  				  				  				  			
		  				  				  				  			

 GUARANTEE 

For value received, the Parent Guarantor hereby fully and unconditionally guarantees the due and punctual payment of all of the obligations of
the Issuer under the Indenture and the Securities, whether for the payment of principal, of premium, if any, or interest or any Additional Amounts on the Securities or otherwise, when and as the same shall become due and payable, whether at
maturity, upon redemption or otherwise. This Guarantee shall not become effective until the Trustee or authenticating agent duly executes the certificate of authentication on this Security. This Guarantee shall be governed by and construed in
accordance with the laws of the State of New York, without regard to conflict of law principles thereof. 
 Dated: September 22, 2020 

 

			
	MONDELĒZ INTERNATIONAL, INC.

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 Exhibit B 

[Face of Note] 
 [Insert the
Global Security Legend, if applicable pursuant to the provisions of the Indenture] 
 [Insert the Private Placement Legend, if applicable
pursuant to the provisions of the Indenture] 
 [Insert the Regulation S Temporary Global Security Legend, if applicable pursuant to the
provisions of the Indenture] 
 [INSERT FOR GLOBAL NOTE: THIS NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF THE NOMINEE OF THE ENTITY APPOINTED AS COMMON SAFEKEEPER FOR EUROCLEAR BANK S.A./N.V. (“EUROCLEAR”) AND CLEARSTREAM BANKING S.A. (“CLEARSTREAM”). TRANSFERS OF THIS GLOBAL SECURITY
SHALL BE LIMITED TO TRANSFERS IN WHOLE, AND NOT IN PART, TO NOMINEES OF THE COMMON SAFEKEEPER OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.] 

							
		 		 	CUSIP:	  	[                    ]1
		 		 	ISIN:	  	[                    ]2
		 		 	Common Code:	  	[                    ]3

 [RULE 144A][REGULATION S] GLOBAL NOTE 

representing up to 

€[            ] 

0.375% Notes due 2029 
 MONDELEZ INTERNATIONAL
HOLDINGS NETHERLANDS B.V. 
  

			
	No. [    ]	  	€[            ]

 MONDELEZ INTERNATIONAL HOLDINGS NETHERLANDS B.V., a private company with limited liability (besloten
vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands (hereinafter called the “Issuer,” which term includes any successor Person under the Indenture hereinafter referred to) and an indirect,
wholly owned subsidiary of Mondelēz International, Inc., a Virginia Corporation (hereinafter called the “Parent” or the “Parent Guarantor,” which term includes any successor Person under the Indenture
hereinafter referred to), for value received, hereby promises to pay to Clearstream Nominees Limited or registered assigns, the principal sum [set forth on the Schedule of Exchanges of Interests in the Global Note attached hereto][of
€[             ] ([            ] EURO)] on September 22, 2029. 

Interest Payment Dates: September 22 of each year, beginning on September 22, 2021 

If any Interest Payment Date is not a business day, the Interest Payment Date shall be postponed to the next succeeding business day, and no
interest shall accrue as a result of such delayed payment on amounts payable from and after such Interest Payment Date to the next succeeding business day. 

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 Business Day immediately prior to the applicable Interest Payment Date or the maturity date, as the case may be. 

Payment of the principal of, premium, if any, and interest on this Note shall be made in immediately available funds to the ICSDs or to the
nominee of the Common Safekeeper, as the case may be, as the registered holder of such Note. If any of the Notes is no longer represented by Global Notes, payment of interest on the Notes in definitive,
non-global form may, at the option of the Paying Agent, be made by check mailed directly to Holders at their registered addresses. All payments of principal and interest in respect of this Note shall be made
by the Issuer in immediately available funds. This Note shall not be valid for any purposes until it has been effectuated for or on behalf of the Common Safekeeper. 

 

	1 	 CUSIP: 144A: 60920L AL8; Regulation S: N6000L AJ4. 

	2 	 ISIN: 144A: XS2236193129; Regulation S: XS2235987224. 

	3 	 Common Code: 144A: 223619312; Regulation S: 223598722. 

 As used herein, “business day” means any day, other than a Saturday or Sunday,
that is neither a legal holiday nor a day on which commercial banks are authorized or required by law, regulation or executive order to close in The City of New York. 

Interest on the Notes shall be computed on the basis of the actual number of days in the period for which interest is being calculated and the
actual number of days from and including the last date on which interest was paid on the Notes (or from September 22, 2020, if no interest has been paid on the Notes), to but excluding the next scheduled interest payment date. This payment
convention is referred to as ACTUAL/ACTUAL (ICMA) as defined in the rulebook of the International Capital Market Association. 
 If the
maturity date or a date fixed for redemption is not a business day, then payment of interest or principal need not be made on such date, but may be made on the next succeeding business day, in each case with the same force and effect as if made on
the scheduled maturity date or such date fixed for redemption, and no interest shall accrue as a result of such delayed payment on amounts payable from and after the scheduled maturity date or such Redemption Date, as the case may be, to the next
succeeding business day. 
 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] 

 IN WITNESS WHEREOF, Mondelez International Holdings Netherlands B.V. has caused this
instrument to be duly executed. 
 Dated: September 22, 2020. 

 

			
	MONDELEZ INTERNATIONAL HOLDINGS NETHERLANDS B.V.

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 CERTIFICATE OF AUTHENTICATION 

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

 

			
	 DEUTSCHE BANK TRUST COMPANY

AMERICAS, as Trustee

		
	By:	 	  

		 	Authorized Signatory

 Dated: September 22, 2020 

 Effectuated for and on behalf of Clearstream Banking S.A., as Common Safekeeper, without
recourse, warranty or liability. 
  

			
	 CLEARSTREAM BANKING S.A., as Common

Safekeeper

		
	By:	 	  

		 	Authorized Signatory

 Dated: September 22, 2020 

 (Reverse of Note) 

MONDELEZ INTERNATIONAL HOLDINGS NETHERLANDS B.V. 

This Note is one of a duly authorized issue of debentures, Notes or other evidences of indebtedness (hereinafter called the
“Securities”) of the Issuer of the series hereinafter specified, all such Securities issued and to be issued under an Indenture dated as of October 28, 2016 (herein called the “Base Indenture”), as supplemented
by the third supplemental indenture, dated as of September 22, 2020 (the “Third Supplemental Indenture” and, the Base Indenture, as supplemented and modified by the Third Supplemental Indenture, the
“Indenture”) between the Issuer, the Parent, Deutsche Bank Trust Company Americas, as Trustee (the “Trustee”), Deutsche Bank Trust Company Americas, as paying agent (the “Paying Agent”) and Deutsche
Bank Trust Company Americas, as registrar and transfer agent (the “Registrar and Transfer Agent”), 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 Issuer and Parent, 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 0.375% Notes due 2029 (the “Notes”). 

The Notes have the benefit of the unconditional guarantee by the Parent to pay the principal of, and premium if any, and interest, if any, on
the Notes according to the terms of and as more fully described in the Indenture and the related Guarantee included herein. Reference is made to Article 14 and the Guarantee included herein for the terms relating the Guarantee, including the
release, termination and discharge thereof. 
 The Issuer 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. 

Change of Control 
 If a Change of Control
Triggering Event (as defined below) occurs, unless the Issuer has exercised its right to redeem the Notes upon the occurrence of specified events as described below under “ —Redemption for Tax Reasons,” Holders may require the Issuer
to repurchase all or any part (equal to €100,000 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 Issuer shall mail a notice to Holders
(with a copy to the Trustee) 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 shall 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 Issuer must comply with the requirements of
Rule 14e-1 under the Securities Exchange Act of 1934, as amended (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
Issuer shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under the Change of Control provisions of the Notes by virtue of such conflicts. 

On the Change of Control Payment Date, the Issuer 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
shall promptly mail to each Holder of Notes properly tendered the purchase price for the Notes, and the Trustee shall 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 shall be in a principal amount of €100,000 or an integral multiple of €1,000 in excess thereof. 

The Issuer shall 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 Issuer 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 first 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 that the reduction was the result, in whole or in part, of any event or circumstance comprised of 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: (i) the direct or indirect sale,
transfer, conveyance or other disposition (other than by way of merger, consolidation or division), in one or a series of related transactions, of all or substantially all of the properties or assets of Parent 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 Parent or one of its subsidiaries; (ii) the approval by the holders of the Issuer’s or Parent’s common
stock of any plan or proposal for the liquidation or dissolution of the Issuer or Parent (whether or not otherwise in compliance with the provisions of the Indenture); (iii) the consummation of any transaction (including, without limitation, any
merger, consolidation or division) 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 Parent’s or Issuer’s voting stock; or
(iv) the first day on which a majority of the members of Parent’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 Parent 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 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 Parent’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., or any successor to the rating agency
business thereof. 
 “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 Issuer’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 Issuer (as certified by a resolution of its Board of Directors) as a replacement agency for Moody’s or S&P, or all of them, as the
case may be. 
 “S&P” means Standard & Poor’s Financial Services LLC, a division of
S&P Global, Inc., or any successor to the rating agency business thereof. 
 Issuance in Euro; Payment on the Notes 

Initial investors in the Notes shall be required to pay for the Notes in euro, and all payments on the Notes shall be payable in euro; provided
that if on or after the date of issuance of this Note the euro is unavailable to the Issuer due to the imposition of exchange controls or other circumstances beyond the Issuer’s control or if the euro is no longer being used by the then member
states of the European Monetary Union that have adopted the euro as their currency or for the settlement of transactions by public institutions of or within the international banking community, then all payments in respect of the Notes shall be made
in U.S. dollars until the euro is again available to the Issuer or so used. Under those circumstances, the amount payable on any date in euro shall be converted by the Issuer into U.S. dollars at the rate mandated by the U.S. Federal
Reserve Board as of the close of business on the second business day prior to the relevant payment date or, in the event the U.S. Federal Reserve Board has not mandated a rate of conversion, on the basis of the most recent U.S. dollar/euro
exchange rate published in The Wall Street Journal (or similar widely-circulated financial publication then available) on or prior to the second business day prior to the relevant payment date. Any payment in respect of the Notes so made in
U.S. dollars shall not constitute an event of default under the Notes or the Indenture. Neither the Trustee nor the Paying Agent shall have any responsibility for any calculation or conversion in connection with the foregoing. 

Optional Redemption 
 At any time prior to
June 22, 2029 (the date that is three months prior to the scheduled maturity date) (the “Par Call Date”), the Notes shall be redeemable, as a whole or in part, at the Issuer’s option, at any time and from
time to time on at least 15 days’, but not more than 60 days’, prior notice (with written notice to the Trustee no less than 15 days (or such shorter period as agreed by the Trustee) prior to the sending of such redemption notice in the
event the Trustee is engaged by the Issuer to send such notice in its name and at its expense). The redemption price shall be equal to the greater of (1) 100% of the principal amount of the Notes to be redeemed or (2) the sum of the present
values of each remaining scheduled payment of principal and interest thereon (exclusive of interest accrued to the date of redemption) discounted (assuming that the Notes matured on the Par Call Date) to the Redemption Date on an annual basis
(ACTUAL/ACTUAL (ICMA)) at the applicable Comparable Government Bond Rate (as defined below) for the Notes to be redeemed plus 15 basis points, plus accrued and unpaid interest on the principal amount of the Notes to, but not including, the date
of redemption. 
 “Comparable Government Bond” means, in relation to any Comparable Government Bond Rate calculation, the
German government bond (Bundesanleihe) selected by the Independent Investment Banker whose maturity is closest to the maturity of the remaining term of the Notes 

 
from the applicable Redemption Date to the Par Call Date (the “Remaining Life”) to be redeemed that would be utilized, at the time of selection and in accordance with customary
financial practice, in pricing new issues of euro-denominated corporate debt securities of a comparable maturity to the Remaining Life of the Notes to be redeemed. 

“Comparable Government Bond Price” means, with respect to any Redemption Date, (i) the arithmetic average (as determined
by the Independent Investment Banker) of the Reference Government Bond Dealer Quotations for such Redemption Date, after excluding the highest and lowest of such Reference Government Bond Dealer Quotations, or (ii) if the Independent Investment
Banker obtains fewer than four such Reference Government Bond Dealer Quotations, the arithmetic average of all such quotations. 

“Comparable Government Bond Rate” means, with respect to any Redemption Date, the rate per annum equal to the yield to
maturity, expressed as a percentage (rounded to three decimal places, with 0.0005 being rounded upwards), on the third business day prior to such Redemption Date, calculated in accordance with customary financial practice in pricing new issues of
comparable corporate debt securities paying interest on an annual basis (ACTUAL/ACTUAL (ICMA)) of the Comparable Government Bond, calculated using a price for the Comparable Government Bond (expressed as a percentage of its principal amount) equal
to the Comparable Government Bond Price for such Redemption Date. The Comparable Government Bond Rate shall be calculated by the Independent Investment Banker and reported to the Issuer on the third business day preceding the applicable Redemption
Date. 
 “Independent Investment Banker” means one of the Reference Government Bond Dealers, as selected by the Issuer.

 “Redemption Date” means any date fixed for redemption of Notes. 

“Reference Government Bond Dealer” means each of (i) HSBC Bank plc, Société Générale, J.P.
Morgan Securities plc, MUFG Securities EMEA plc or any of their affiliates that are Primary Dealers (as defined below), and their respective successors and (ii) one other primary European government securities dealers (“Primary
Dealers”) selected by the Issuer; provided that if any of the foregoing shall cease to be Primary Dealer, the Issuer shall substitute in its place another Primary Dealer. 

“Reference Government Bond Dealer Quotation” means, with respect to each Reference Government Bond Dealer and any Redemption
Date, the arithmetic average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Government Bond (expressed in each case as a percentage of its principal amount) quoted in writing to the Independent
Investment Banker by such Reference Government Bond Dealer at 11:00 a.m., Central European Time (CET), on the third business day preceding such Redemption Date. 

On or after the Par Call Date, the Issuer may redeem the Notes in whole or in part, at its option, at a redemption price equal to 100% of
their principal amount, plus accrued and unpaid interest to, but not including, the date of redemption. 
 On or before the Redemption Date,
the Issuer shall deposit with the Trustee money sufficient to pay the redemption price of and (unless the Redemption Date shall be an interest 

 
payment date) accrued interest to the Redemption Date on the Notes to be redeemed on such date. The Trustee shall not be responsible for calculating any “make-whole” premium. If less
than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected by the Trustee by lot, pro rata or by such method as the Trustee shall deem fair and appropriate in each case in accordance with the applicable procedures of the
ICSDs, unless otherwise required by law or applicable stock exchange or depositary requirements, or, if the Notes are not so listed, on a pro rata basis, by lot or by such other method in accordance with the Depositary’s procedures. On and
after the Redemption Date, interest shall cease to accrue on the Notes or any portion of the Notes called for redemption (unless the Issuer defaults in the payment of the redemption price and accrued interest). After the Redemption Date, holders of
Notes that were redeemed shall have no rights with respect to the Notes except the right to receive the redemption price and any unpaid interest to the Redemption Date. 

Payment of Additional Amounts 
 All
payments by the Issuer, the Parent Guarantor or the Paying Agent (each referred to in this section as a “Payor”) with respect to any Note or Guarantee shall be made free and clear of and without withholding or deduction for or on
account of any present or future tax, assessment or other governmental charge and any applicable interest and penalties (collectively “Taxes”), unless the withholding or deduction of such amounts is required by law or the official
interpretation thereof. 
 The Issuer or Parent, as applicable, will, subject to the exceptions and limitations set forth below, pay such
additional amounts as may be necessary to ensure that every net payment on such Note or guarantee, after deduction or withholding by the applicable withholding agent for or on account of any present or future Tax imposed upon or as a result of such
payment by any jurisdiction in which the Issuer or Parent is incorporated or organized, resident or engaged in business for tax purposes, or from or through which payment is made by or on behalf of the Issuer or Parent, or, in each case, any
political subdivision thereof or therein (each a “Relevant Taxing Jurisdiction”), including any such deduction or withholding attributable to the payment of such additional amounts, shall not be less than the amount provided in such
Note to be then due and payable absent such deduction or withholding (such additional amounts, the “Additional Amounts”). However, the Issuer and Parent shall not pay Additional Amounts (including, for the avoidance of doubt, any
such amount in respect of the payment of Additional Amounts) for or on account of: 
 (a) any Tax that is imposed or withheld
solely by reason of the existence of any present or former connection (other than a connection arising solely from the ownership of those Notes, the receipt of payments in respect of those Notes or the guarantee, or the enforcement of any rights
with respect to those Notes or the guarantee) between the holder or the beneficial owner (or between a fiduciary, settlor, beneficiary, member, partner or shareholder of such holder or beneficial owner if such holder is an estate, trust,
partnership, limited liability company, other fiscally transparent entity or corporation, or a person holding a power over an estate or trust administered by a fiduciary holder or beneficial owner) of the Notes and the applicable Relevant Taxing
Jurisdiction, including without limitation citizenship, nationality, residence, domicile or the existence of a business, permanent establishment, a dependent agent or a place of management present or deemed present in the applicable Relevant Taxing
Jurisdiction; 

 (b) any Tax which would not have been imposed but for the presentation of
such Note for payment on a date more than 30 days after the date on which such payment became due and payable or the date on which such payment is duly provided for, whichever occurs later; 

(c) any Tax that is payable by any method other than withholding or deduction in respect of any payments under or, in respect
of, such Note or the guarantee; 
 (d) any gift, estate, inheritance, sales, transfer, personal property or any similar Tax;

 (e) any Tax if the holder could have avoided such Tax by presenting the relevant Notes for payment to another paying
agent; 
 (f) any Tax imposed or withheld as a result of the failure of the Holder or beneficial owner of a Note to comply
with a request to comply with applicable certification, information, documentation or other reporting requirements concerning the nationality, residence, identity or connection with any jurisdiction of the holder or beneficial owner of a Note or to
satisfy any information or reporting requirement, if such compliance is required by statute or regulation of the Relevant Taxing Jurisdiction or by an applicable income tax treaty to which the Relevant Taxing Jurisdiction is a party as a
precondition to relief or exemption from such Tax by the Relevant Taxing Jurisdiction; provided, in each case, that the holder or beneficial owner is legally eligible to satisfy such requirement; 

(g) any Tax imposed on or with respect to any payment to a holder if such holder is a fiduciary, limited liability company,
partnership, other fiscally transparent entity or other Person other than the sole beneficial owner of the applicable Note to the extent that such Tax would not have been imposed on such payment had the beneficiary, settlor, partner, member or other
beneficial owner directly held the Note; 
 (h) any Tax imposed under Sections 1471 through 1474 of the Internal Revenue
Code of 1986, as amended (the “Code”) as of the issue date (or any amended or successor provision that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official
interpretations thereof, any agreement entered into pursuant to current Section 1471(b) of the Code (or any amended or successor version described above) or any fiscal or regulatory legislation, rules or practices adopted pursuant to any
intergovernmental agreement (or related laws or official administrative practices) implementing the foregoing; 
 (i) any
U.S. federal Tax imposed on a beneficial owner that actually or constructively owns 10% or more of the total combined voting power of all of the Issuer or Parent’s stock that is entitled to vote within the meaning of Section 871(h)(3)
of the Code; 

 (j) any U.S. federal backup withholding Tax imposed pursuant to
Section 3406 of the Code; 
 (k) any Tax imposed from January 1, 2021 under to the Dutch Withholding Tax Act 2021
(Wet bronbelasting 2021) on any payments made or deemed to be made by the Issuer to a related party (within the meaning of the Dutch Withholding Tax Act 2021 (Wet bronbelasting 2021)); 

or 

(l) any combination of items (a) through (k) above. 

The Issuer shall pay any stamp, issue, registration, court or documentary Taxes or any other excise or similar Taxes that are levied by any
Relevant Taxing Jurisdiction and required by such Relevant Taxing Jurisdiction to be paid on the execution, delivery, issuance, or registration of any of the Notes, the Indenture, any guarantee or any other document referred to therein, the receipt
of any payments with respect thereto (but excluding, solely in the case of such payments, any Taxes described in clause (a), (b), or (d) through (j) or any combination of the foregoing), or enforcement of, any of the Notes or any guarantee. The
Issuer shall not, however, be obligated to pay any stamp, issue, registration, court or documentary Taxes, or any other excise or similar Tax, that is levied by any Relevant Taxing Jurisdiction in connection with any transfer of a Note or a
beneficial interest in a Note to a Person other than the Issuer or Parent after the date of issuance of the Notes. 
 If a Payor is the
applicable withholding agent, each of the Issuer and Parent shall (i) make all withholdings and deductions for Taxes with respect to payments under the Notes or the guarantee that it is required by law or the official interpretation thereof to
make, and shall remit the full amount deducted or withheld to the relevant tax authority in accordance with applicable law (ii) use its reasonable efforts to obtain tax receipts from each tax authority evidencing the payment of any Taxes so
deducted or withheld and (iii) furnish to the Trustee, within a reasonable time after the date of the payment of any such Taxes, certified copies of such Tax receipts evidencing any such payment, or if, notwithstanding its efforts to obtain
receipts, receipts are not available, other evidence of such payments. 
 The above obligations shall survive any termination, defeasance or
discharge of the Indenture and any transfer by a holder or beneficial owner of its Notes, and shall apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer or Parent is incorporated or organized, resident or
engaged in business for Tax purposes or any jurisdiction from or through which any payment on the Notes (or any Guarantee) is made by or on behalf of such Person and, in each case, any political subdivision thereof or therein. 

Whenever in the Indenture or in this Note there is mentioned, in any context, the payment of amounts based upon the principal amount of the
Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context,
Additional Amounts are, were or would be payable in respect thereof. 
 At least 10 days prior to the first Interest Payment Date, and at
least 10 days prior to each date of payment of principal, premium, if any, and interest, if any, if there has been any change 

 
with respect to the matters set forth in the below mentioned Officers’ Certificate, the Issuer shall furnish the Trustee and the Issuer’s principal Paying Agent or Paying Agents, if
other than such Trustee, with an Officers’ Certificate instructing such Trustee and such Paying Agent or Paying Agents whether such payment of principal of, and premium, if any, and interest, if any, on the Notes shall be made to Holders
without withholding for or on account of any tax, assessment or other governmental charge referred to above or described herein. If any such withholding shall be required, then such Officers’ Certificate shall specify by country the amount, if
any, required to be withheld on such payments to such Holders and the Issuer or the Parent, as the case may be, shall pay to the Trustee or such Paying Agent such Additional Amounts as may be required pursuant to the terms hereof. The Issuer
covenants to indemnify the Trustee for the Notes and any Paying Agent for, and to hold them harmless against, any loss, liability or expense reasonably incurred without gross negligence or willful misconduct on their part arising out of or in
connection with actions taken or omitted by any of them in reliance on any Officers’ Certificate furnished pursuant to Section 10.10 of the Base Indenture. For the avoidance of doubt, the Trustee shall not at any time be under any duty or
responsibility to any Holder to determine the Additional Amounts, or with respect to the nature, extent, or calculation of the amount of any Additional Amounts owed, or with respect to the method employed in such calculation of any Additional
Amounts. 
 Redemption for Tax Reasons 

The Issuer 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 (with written notice to the Trustee no less than 15 days (or such shorter period as agreed by the Trustee) prior to the sending of such redemption notice in the event the Trustee is engaged by the Issuer to send such notice or
cause such notice to be sent in its name and at its expense) at a redemption price equal to the principal amount of such Notes plus any accrued interest and Additional Amounts to, but not including, the date fixed for redemption if as a result of a
change in or amendment to the tax laws, regulations or rulings of the Relevant Taxing Jurisdiction or any change in official position regarding the application or interpretation of such tax laws, regulations or rulings (including by virtue of a
holding by a court of competent jurisdiction in the Relevant Taxing Jurisdiction), which change or amendment becomes effective after the issuance of such Notes (or, if the Relevant Taxing Jurisdiction becomes a Relevant Taxing Jurisdiction after the
issuance of such Notes, after the Relevant Taxing Jurisdiction becomes a Relevant Taxing Jurisdiction), the Issuer becomes or will become obligated to pay Additional Amounts with respect to the Notes as described above under “ —Payment of
Additional Amounts,” and the Issuer, in its business judgment, determines that such obligations cannot be avoided by the use of reasonable measures available to the Issuer; provided that (1) no notice of redemption may be given earlier
than 90 days prior to the earliest date on which we would be obligated to pay the Additional Amounts giving rise to the redemption if a payment on the applicable Notes were then due and (2) at the time such notice of redemption is given the
obligation to pay such Additional Amounts remains in effect. For the avoidance of doubt, the entering into effect on a future date of the Dutch Withholding Tax Act 2021 (Wet bronbelasting 2021), substantially in the form
currently enacted, shall not be considered to be a change or amendment of law for purposes of this heading “ —Redemption for Tax Reasons.” 

If the Issuer exercises its option to redeem the Notes, the Issuer shall deliver to the Trustee a certificate signed by an authorized officer
stating that the Issuer is entitled to redeem the Notes, along with (i) an opinion of independent tax counsel of recognized expertise in the laws of the 

 
Relevant Taxing Jurisdiction selected by the Issuer to the effect that a change in law as described above exists and (ii) an Officer’s Certificate to the effect that it cannot avoid its
obligation to pay Additional Amounts by the Issuer taking reasonable measures available to it. The Trustee and the Paying Agent shall accept and shall be entitled to conclusively rely upon such Officer’s Certificate and opinion of counsel as
sufficient evidence of the satisfaction of the conditions precedent described above for the Issuer to exercise its right to redeem the Notes, which determination shall be conclusive and binding on the holders of the Notes. 

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

Certain of the Issuer’s obligations under the Indenture with respect to Notes, may be terminated if the Issuer irrevocably deposits with
the Trustee money or Government Obligations sufficient to pay and discharge the entire indebtedness on the Indenture. 
 Events of Default 

Section 5.1(a) of the Indenture shall be applicable to the Notes. If an Event of Default (other than an Event of Default described in
Section 5.1(a)(4) or 5.1(a)(5) of the Indenture) with respect to the Notes shall occur and be continuing, then either the Trustee or the Holders of at least 25% in aggregate principal amount of the Notes of this series then Outstanding may
declare the entire principal amount of the Notes together with accrued interest on 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 5.1(a)(4) or
Section 5.1(a)(5) of the Indenture occurs with respect to the Issuer, 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 Issuer and the rights of the Holders of the Securities under the Indenture at any time by the Issuer with the consent of the Holders of more than 50% in aggregate principal amount of the Securities at the time Outstanding of each series issued
under the Indenture to be affected thereby. The Indenture also contains provisions permitting the Holders of specified percentages in aggregate principal amount of the Securities of that series at the time Outstanding, on behalf of the Holders of
all the Securities of such series, to waive compliance by the Issuer 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 Issuer,
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 
 The
Notes are in registered form without coupons in denominations of €100,000 and integral multiples of €1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Security
Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and the Issuer may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. 

No service charge shall be made for any such registration of transfer or exchange, but the Issuer may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith. 
 The Issuer, the Trustee for the Notes and any agent of the
Issuer 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 Issuer,
such Trustee nor any such agent shall be affected by notice to the contrary. 
 The Notes are not subject to a sinking fund. 

Judgment Currency 
 Any payment on account
of an amount that is payable in euro which is made to or for the account of any holder or the Trustee in lawful currency of any other jurisdiction (the “Judgment Currency”), whether as a result of any judgment or order or the
enforcement thereof or the liquidation of the Issuer, shall constitute a discharge of the Issuer’s obligation under the Indenture and the Notes only to the extent of the amount of euro which such holder or the Trustee, as the case may be, could
purchase in the London foreign exchange markets with the amount of the Judgment Currency in accordance with normal banking procedures at the rate of exchange prevailing on the first business day following receipt of the payment in the Judgment
Currency. If the amount of euro that could be so purchased is less than the amount of euro originally due to such holder or the Trustee, as the case may be, the Issuer shall indemnify and hold harmless the holder or the Trustee, as the case may be,
from and against all loss or damage arising out of, or as a result of, such deficiency. This indemnity shall constitute an obligation separate and independent from the other obligations contained in the Indenture or the Notes, shall give rise to a
separate and independent cause of action, shall apply irrespective of any indulgence granted by any holder or the Trustee from time to time and shall continue in full force and effect notwithstanding any judgment or order for a liquidated sum in
respect of an amount due hereunder or under any judgment or order. 

 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. 
 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 Mondelez International Holdings Netherlands B.V. 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.

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE 

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 Security or Definitive Security for an interest in this Global Note, have been made: 
  

																	
	 Date of

Exchange
	  	 Amount of
decrease

in Principal
	 	  	 Amount of increase

in Principal
	 	  	Principal Amount
of
this Global Note
following such
decrease 
or
increase	 	  	Signature of
authorized
officer
of Trustee or
Note custodian	 
	  	Amount of this
Global Note	 	  	Amount of this
Global Note	 
		  				  				  				  			
		  				  				  				  			
		  				  				  				  			
		  				  				  				  			
		  				  				  				  			

 GUARANTEE 

For value received, the Parent Guarantor hereby fully and unconditionally guarantees the due and punctual payment of all of the obligations of
the Issuer under the Indenture and the Securities, whether for the payment of principal, of premium, if any, or interest or any Additional Amounts on the Securities or otherwise, when and as the same shall become due and payable, whether at
maturity, upon redemption or otherwise. This Guarantee shall not become effective until the Trustee or authenticating agent duly executes the certificate of authentication on this Security. This Guarantee shall be governed by and construed in
accordance with the laws of the State of New York, without regard to conflict of law principles thereof. 
 Dated: September 22, 2020 

 

			
	MONDELĒZ INTERNATIONAL, INC.
		
	By:	 	  

		 	Name:
		 	Title:

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