Document:

TAX SHARING AND INDEMNITY AGREEMENT

 Exhibit 10.3 
 EXECUTION VERSION 
 TAX SHARING AND INDEMNITY AGREEMENT 

BY AND BETWEEN 
 KRAFT FOODS INC. 
 AND 

KRAFT FOODS GROUP, INC. 
 DATED AS OF SEPTEMBER 27, 2012 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE I DEFINITIONS
	  	 	2	  
		
	 1.01 General
	  	 	2	  
		
	 ARTICLE II ALLOCATION OF TAXES
	  	 	9	  
		
	 2.01 General Allocation of Taxes
	  	 	9	  
	 2.02 Income Tax Allocation for Year of Distribution
	  	 	10	  
	 2.03 Allocation of Tax Attributes and Earnings and Profits
	  	 	11	  
	 2.04 Matters Covered by the Employee Matters Agreement
	  	 	11	  
		
	 ARTICLE III PREPARATION OF TAX RETURNS
	  	 	11	  
		
	 3.01 U.S. Federal Income Tax Returns
	  	 	11	  
	 3.02 State Income Tax Returns
	  	 	11	  
	 3.03 Canadian Income Tax Returns
	  	 	11	  
	 3.04 Non-Canadian Foreign Income Tax Returns
	  	 	12	  
	 3.05 Non-Income Tax Returns
	  	 	12	  
	 3.06 Tax Returns of GroceryCo Canada and SnackCo Canada
	  	 	12	  
	 3.07 Special Rules Relating to the Preparation of Tax Returns
	  	 	12	  
	 3.08 Right to Review Tax Returns
	  	 	13	  
	 3.09 Appointment
	  	 	13	  
		
	 ARTICLE IV CARRYBACKS REFUNDS AND TAX BENEFITS
	  	 	13	  
		
	 4.01 Carrybacks
	  	 	13	  
	 4.02 Refunds
	  	 	14	  
	 4.03 Residual TSA Receivables, Specified TSA Receivables, and FIN 45 Receivables
	  	 	14	  
	 4.04 Tax Benefits
	  	 	15	  
	 4.05 Canadian Royalty Adjustments
	  	 	16	  
		
	 ARTICLE V INDEMNIFICATION
	  	 	17	  
		
	 5.01 General Indemnification
	  	 	17	  
	 5.02 Indemnification for Non-Canadian Transaction Taxes
	  	 	17	  
	 5.03 Indemnification for Canadian Transaction Taxes
	  	 	18	  
	 5.04 Indemnification Payments
	  	 	18	  
		
	 ARTICLE VI REPRESENTATIONS
	  	 	19	  
		
	 6.01 SnackCo and GroceryCo Representations
	  	 	19	  
		
	 ARTICLE VII COVENANTS
	  	 	19	  
		
	 7.01 SnackCo and GroceryCo Covenants
	  	 	19	  
	 7.02 Specific GroceryCo Covenants
	  	 	19	  
	 7.03 Canadian Butterfly Transactions
	  	 	20	  

  
 i 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE VIII TAX CONTESTS
	  	 	21	  
		
	 8.01 Notice
	  	 	21	  
	 8.02 Representation with Respect to Tax Contests
	  	 	21	  
		
	 ARTICLE IX PAYMENTS
	  	 	23	  
		
	 9.01 Method of Payment
	  	 	23	  
	 9.02 Interest
	  	 	23	  
	 9.03 Characterization of Payments
	  	 	23	  
	 9.04 Tax Gross Up
	  	 	23	  
	 9.05 Recoverable Taxes
	  	 	23	  
		
	 ARTICLE X MISCELLANEOUS
	  	 	24	  
		
	 10.01 Cooperation and Exchange of Information
	  	 	24	  
	 10.02 Retention of Records
	  	 	25	  
	 10.03 Dispute Resolution
	  	 	26	  
	 10.04 Changes in Law
	  	 	26	  
	 10.05 Confidentiality
	  	 	26	  
	 10.06 Successors
	  	 	26	  
	 10.07 Authorization, etc
	  	 	27	  
	 10.08 Notices
	  	 	27	  
	 10.09 Entire Agreement
	  	 	27	  
	 10.10 Section Captions
	  	 	27	  
	 10.11 Governing Law
	  	 	27	  
	 10.12 Counterparts
	  	 	28	  
	 10.13 References Include Group Members
	  	 	28	  
	 10.14 Waivers and Amendments
	  	 	28	  
	 10.15 Effective Date
	  	 	28	  
	 10.16 Termination
	  	 	28	  

  
 ii 

 TAX SHARING AND INDEMNITY AGREEMENT 

THIS TAX SHARING AND INDEMNITY AGREEMENT (this “Agreement”) is between Kraft Foods Inc., a Virginia corporation
(“SnackCo”), and Kraft Foods Group, Inc., a Virginia corporation (“GroceryCo”) (sometimes referred to herein individually as “Party”, or together, as “Parties”). 

W I T N E S S E T H: 
 WHEREAS, SnackCo is the common parent corporation of an affiliated group of corporations (the “SnackCo Consolidated Return Group”) within the meaning of Section 1504(a) of the Internal
Revenue Code of 1986, as amended (the “Code”); 
 WHEREAS, GroceryCo is a member of the affiliated group of
corporations with respect to which SnackCo is the common parent corporation; 
 WHEREAS, SnackCo acting through itself, its
Subsidiaries and other entities in which it has a direct or indirect ownership interest, currently conducts the GroceryCo Business and the SnackCo Business; 
 WHEREAS, the SnackCo Board of Directors has determined that it is appropriate, desirable, and in the best interest of SnackCo and its shareholders to separate SnackCo into two publicly traded companies:
(i) GroceryCo, which following the Distribution will own and conduct, directly and indirectly, the GroceryCo Business; and (ii) SnackCo, which following the Distribution will own and conduct, directly and indirectly, the SnackCo Business;

 WHEREAS, as set forth in the Separation and Distribution Agreement by and between SnackCo and GroceryCo (the
“Distribution Agreement”) and subject to the terms and conditions thereof, SnackCo will cause itself and each of its Subsidiaries to undergo the Internal Reorganization; 

WHEREAS, as set forth in the Distribution Agreement, and subject to the terms and conditions thereof, SnackCo will distribute on a pro
rata basis to the holders of SnackCo common stock all of the outstanding shares of GroceryCo common stock then owned by SnackCo (the “Distribution”); 
 WHEREAS, the Internal Reorganization and the Distribution are intended to qualify as tax-free to SnackCo, its shareholders, and GroceryCo under Sections 368 and 355 of the Code; and 

WHEREAS, in contemplation of the Distribution, pursuant to which GroceryCo (and each of its direct and indirect Subsidiaries) will cease
to be a member of the SnackCo Consolidated Return Group, the Parties hereto have determined to enter into this Agreement, setting forth their agreement with respect to certain tax matters. 

NOW, THEREFORE in consideration of the premises and mutual covenants herein contained, the Parties hereby agree as follows: 

  
 1 

 ARTICLE I 
 DEFINITIONS 
 1.01 General. For the purposes of this Agreement, the
terms set forth below shall have the following meanings. 
 “Asset” has the meaning set forth in the
Distribution Agreement. 
 “Brands LLC” means Kraft Foods Global Brands LLC. 

“Butterfly Completion Date” means the date on which the transactions comprising step 61 and steps 68 through 84.1 of the
Ruling issued by the CRA are completed. 
 “Butterfly Transactions” means each of the transactions comprising
steps 60 through 63, steps 68 through 84.1, and steps 123 and 124 of the Ruling issued by the CRA. 
 “Canadian Asset
Transfer Agreement” means the asset transfer agreement by and between SnackCo Canada and GroceryCo Canada. 

“Canadian Income Tax” means any Income Tax imposed by Canada or any political subdivision thereof. 

“Canadian Royalty Adjustment” means any adjustment to a royalty paid by GroceryCo Canada to Brands LLC with respect to
any Pre-Distribution Period. 
 “Canadian Tax-Free Status” means the Canadian Income Tax position of the
applicable parties relating to the Butterfly Transactions that would arise on the assumptions that (i) each of the rulings and opinions contained in any Ruling issued by the CRA applied to determine such Income Tax position of the applicable
parties and (ii) the requisite conditions for such rulings and opinions as set out in any Ruling request submitted to the CRA were satisfied. 
 “Canadian Transaction Tax Contest” means any Tax Contest that relates to Canadian Transaction Taxes. 
 “Canadian Transaction Tax” means any Transaction Tax imposed by Canada or any political subdivision thereof. 
 “Controlling Party” means, (i) with respect to any Tax Contest involving any Tax other than a Transaction Tax, the Party (or any member of its Group) that has the liability under
Section 2.01 of this Agreement or under the Canadian Asset Transfer Agreement for the Tax directly resulting from such Tax Contest and (ii) with respect to any Tax Contest involving any Transaction Tax, the Party that has the right to
control such Tax Contest as provided in Section 8.02(b) or (c) of this Agreement. For the avoidance of doubt, (a) SnackCo shall be the Controlling Party with respect to any Tax Contest related to any U.S. Federal Income Tax
attributable to any Pre-Distribution Period the resolution of which could result in any member of the GroceryCo Post-Distribution Group being liable for a State Income Tax and (b) competent authority claims shall be addressed in
Section 10.01(d) of this Agreement. 

  
 2 

 “CRA” means the Canada Revenue Agency. 

“Danone Master Sale and Purchase Agreement” means the Master Sale and Purchase Agreement dated as of October 29,
2007 by and between Groupe Danone S.A. and Kraft Foods Global, Inc. 
 “Distribution Date” means the date on
which the Distribution becomes effective. 
 “Dr Pepper Snapple Group Tax Sharing and Indemnification Agreement”
means the Tax Sharing and Indemnification Agreement dated as of May 1, 2008 by and between Cadbury Schweppes plc and Dr Pepper Snapple Group, Inc. 
 “Effective Realization” (and the correlative terms “Effectively Realized” or “Effectively Realizes”) means, with respect to a Tax Benefit, including from the use of
any Tax Attribute, the earliest to occur of (i) the receipt by SnackCo or GroceryCo (or any other member of the SnackCo Post-Distribution Group or any member of the GroceryCo Post-Distribution Group) of cash from a Taxing Authority reflecting
such Tax Benefit or (ii) the application of such Tax Benefit to reduce any payments, including estimated Tax payments, with respect to (A) the Tax liability on a Tax Return of any of such entities or of any consolidated group of which any
of such entities is a member or (B) any other outstanding Tax liability of any of such entities or of any such consolidated group. 
 “Employee Matters Agreement” means the Employee Matters Agreement by and between SnackCo and GroceryCo. 
 “Filing Party” means the Party (or member of its respective Group) that is responsible for filing or furnishing a given Tax Return pursuant to Article III of this Agreement. 

“FIN 45 Indemnity Obligation” means any obligation or indemnity attributable to or imposed with respect to any Tax
under the Dr Pepper Snapple Group Tax Sharing and Indemnification Agreement or the Danone Master Sale and Purchase Agreement. 

“FIN 45 TSA Receivable” means any right to receive any amount attributable to or with respect to any Tax under the
Dr Pepper Snapple Group Tax Sharing and Indemnification Agreement or the Danone Master Sale and Purchase Agreement. 

“Final Determination” means (i) with respect to U.S. Federal Income Taxes, a “determination” as defined in
Section 1313(a) of the Code and, with respect to Taxes other than U.S. Federal Income Taxes, any decision, judgment, decree or other order by a court of competent jurisdiction that, under applicable law, is not subject to further appeal, review
or modification through proceedings or otherwise; (ii) the execution of an IRS Form 870-AD or other closing agreement or accepted offer in compromise under Sections 7121 or 7122 of the Code, or a comparable agreement under the laws of a
state, local, or foreign taxing jurisdiction; (iii) the payment of Tax by any member of the SnackCo Post-Distribution Group or the GroceryCo Post-Distribution Group with respect to any item disallowed or adjusted by a Taxing Authority, provided
that the Controlling Party determines that no action should be taken to recoup such payment; (iv) a final settlement resulting from a competent authority determination; or (v) any other final disposition, by mutual agreement of the Parties
or by reason of the expiration of a statute of limitations or period for the filing of claims for refunds, amended Tax Returns, or appeals from adverse determinations. 

  
 3 

 “Foreign Country” means (i) any country other than the United States,
(ii) any possession or territory of the United States, including but not limited to the Commonwealth of Puerto Rico or (iii) any political subdivision of a country identified in (i) above or any possession or territory of the United
States identified in (ii) above. 
 “GroceryCo Business” has the meaning set forth in the Distribution
Agreement. 
 “GroceryCo Canada” means Kraft Canada Inc. 

“GroceryCo Liability” means any Tax, Residual Indemnity Obligation, or Specified Indemnity Obligation that GroceryCo or
any member of the GroceryCo Post-Distribution Group is liable for under Section 2.01 of this Agreement. 

“GroceryCo Post-Distribution Group” means GroceryCo, all Persons that are Subsidiaries of GroceryCo immediately after the
Distribution, and Persons that become Subsidiaries of GroceryCo thereafter; provided however, 
 (a) if any Person that is a
member of the GroceryCo Post-Distribution Group at any time after the Distribution subsequently becomes a Subsidiary of SnackCo, such Person will not be treated as a member of the GroceryCo Post-Distribution Group with respect to any Tax Year or
portion thereof beginning after the date such Subsidiary becomes a Subsidiary of SnackCo; and 
 (b) if any Person that is a
member of the SnackCo Post-Distribution Group at any time after the Distribution subsequently becomes a Subsidiary of GroceryCo, such Subsidiary will only be treated as a member of the GroceryCo Post-Distribution Group with respect to any Tax Year
or portion thereof beginning after the date such Subsidiary becomes a Subsidiary of GroceryCo. 
 “Group” means
the SnackCo Post-Distribution Group or the GroceryCo Post-Distribution Group, as the context requires. 
 “Income
Tax” means all Taxes (i) based upon, measured by, or calculated with respect to, net income, net profits or deemed net profits (including, without limitation, any capital gains Tax, minimum Tax based upon, measured by, or calculated
with respect to, net income, net profits or deemed net profits, any Tax on items of Tax preference and depreciation recapture or clawback, but not including sales, use, real or personal property, gross or net receipts, gross profits, transfer and
similar Taxes), (ii) without limiting (i) hereof, imposed by a Foreign Country that qualify under Section 903 of the Code or (iii) based upon, measured by, or calculated with respect to multiple bases (including, but not limited
to, corporate franchise and occupation Taxes) if such Taxes may be based upon, measured by, or calculated with respect to one or more bases described in clause (i) above. Notwithstanding the above, the Taxes described in clause (iii)
shall be considered Income Taxes only to the extent that such Taxes exceed the hypothetical amount of such Taxes that would have been imposed had all of the bases described in clause (i) on which such Taxes are based, measured, or calculated
been equal to zero. For the avoidance of doubt, any amount withheld with respect to any Income Tax of another Person shall not be considered an Income Tax for purposes of this Agreement. 

  
 4 

 “Internal Reorganization” means all of the transactions, other than the
Distribution, described in the document entitled “Detailed Structure Charts” delivered by SnackCo to GroceryCo. 

“IRS” means the United States Internal Revenue Service. 

“Liability” has the meaning set forth in the Distribution Agreement. 

“Non-Canadian Foreign Income Tax” means any Income Tax, other than a Canadian Income Tax, imposed by any Foreign Country.

 “Non-Canadian Transaction Tax Contest” means any Tax Contest that relates to Non-Canadian Transaction Taxes.

 “Non-Canadian Transaction Tax” means any Transaction Tax, other than a Canadian Transaction Tax. 

“Non-Controlling Party” means, with respect to any Tax Contest, the Party (or member of its Group) that is not the
Controlling Party or a member of the same Group as the Controlling Party. 
 “Non-Filing Party” means, with
respect to any Tax Return, the Party (or member of its Group) that is not the Filing Party or a member of the same Group as the Filing Party. 
 “Non-Income Tax” means any Tax other than an Income Tax, including, for the avoidance of doubt, any domestic or foreign national, federal, state, provincial, territorial, possession,
county, or local sales, use, value added, privilege, transfer, documentary, stamp, duties, recording, goods and services, harmonized sales, anti-dumping, countervail, land transfer, and similar Taxes and fees (including any penalties, interest or
additions thereto) whether or not related to the Internal Reorganization or the Distribution, imposed upon any Party hereto or any member of its Group. 
 “Person” means any individual, corporation, company, partnership, trust, incorporated or unincorporated association, joint venture, or other entity of any kind. 

“Post-Distribution Period” means any Tax Year (or portion thereof) beginning after the Distribution Date. 

“Pre-Distribution Period” means any Tax Year (or portion thereof) ending on or before the Distribution Date. 

“Recoverable Tax” means all sales, use, retail sales, excise, goods and services, harmonized sales, value-added,
transfer, recording, privilege, documentary, registration, conveyance, real estate transfer, excise, license, stamp, or similar Taxes that are recoverable by either Party (or any member of its Group) under applicable law governing the payment of
such 

  
 5 

 
Taxes, including, but not limited to, the Canadian Federal Foods and Services Tax imposed pursuant to Part IX of the Excise Tax Act (Canada), the Harmonized Sales Tax imposed pursuant
to Part IX of the Excise Tax Act (Canada), and the Quebec Sales Tax imposed pursuant to the Act respecting the Quebec sales tax (Quebec), and other similar recoverable Taxes in other jurisdictions. 

“Residual Indemnity Obligation” means any obligation or liability attributable to or imposed with respect to any Tax
under any tax sharing/allocation, purchase and sale, or similar agreement (other than this Agreement) entered into on or prior to the Distribution Date, other than any Specified Indemnity Obligation or any FIN 45 Indemnity Obligation.

 “Residual TSA Receivable” means the right to receive any amount attributable to or with respect to any Tax
under any tax sharing/allocation, purchase and sale, or similar agreement (other than this Agreement) entered into on or prior to the Distribution Date, other than any Specified TSA Receivable or any FIN 45 TSA Receivable. 

“Ruling” means (i) all private letter rulings issued by the IRS, (ii) all advance income tax rulings and
opinions issued by the CRA, or (iii) any other ruling issued by a Taxing Authority, including without limitation Puerto Rico, relating to the Butterfly Transactions, the Internal Reorganization and/or the Distribution (whether granted prior to,
on, or after the date hereof), requests for such rulings, including all supplemental requests and information submissions, and any exhibit to any of the foregoing. 
 “Ruling and Tax Opinion Documents” means (i) any Ruling and (ii) any Tax opinion related to the Internal Reorganization and/or the Distribution delivered by Sutherland
Asbill & Brennan LLP and including all exhibits thereto, which contain, inter alia, information and representations provided by SnackCo and GroceryCo in connection with the Internal Reorganization and the Distribution. 

“SnackCo Business” has the meaning set forth in the Distribution Agreement. 

“SnackCo Canada” means Mondelez Canada Inc. 
 “SnackCo Liability” means any Tax, Residual Indemnity Obligation, Specified Indemnity Obligation, or FIN 45 Indemnity Obligation that SnackCo or any member of the SnackCo
Post-Distribution Group is liable for under Section 2.01 of this Agreement. 
 “SnackCo Post-Distribution
Group” means SnackCo, all Persons that are Subsidiaries of SnackCo immediately after the Distribution, and Persons that become Subsidiaries of SnackCo thereafter; provided however, 

(a) if any Person that is a member of the SnackCo Post-Distribution Group becomes a Subsidiary of GroceryCo at any time after the
Distribution, such Person will not be treated as a member of the SnackCo Post-Distribution Group with respect to any Tax Year or portion thereof beginning after the date such Subsidiary becomes a Subsidiary of GroceryCo; and 

  
 6 

 (b) if any such Person that is a member of the GroceryCo Post-Distribution Group becomes a
Subsidiary of SnackCo at any time after the Distribution, such Subsidiary will only be treated as a member of the SnackCo Post-Distribution Group with respect to any Tax Year or portion thereof beginning after the date such Subsidiary becomes a
Subsidiary of SnackCo. 
 “SnackCo Pre-Distribution Group” means SnackCo and all Persons that are or were
Subsidiaries of SnackCo at any time prior to the Distribution, including any predecessors of SnackCo or of any such Person. For the avoidance of doubt, the SnackCo Pre-Distribution Group includes GroceryCo. 

“Specified Indemnity Obligation” means any obligation or indemnity attributable to or imposed with respect to any Tax
under any of the tax sharing/allocation, purchase and sale, or similar agreements identified on Schedule 1.2(16) or Schedule 1.2(25) of the Distribution Agreement. 
 “Specified TSA Receivable” means any right to receive any amount attributable to or with respect to any Tax under any of the tax sharing/allocation, purchase and sale, or similar
agreements identified on Schedule 1.2(16) or Schedule 1.2(25) of the Distribution Agreement. 
 “State Income
Tax” means any Income Tax imposed by any state of the United States (or the District of Columbia) or by any political subdivision of any such state (or the District of Columbia). 

“Subsidiary” means any corporation, partnership, or other legal entity (or any successor thereto) directly or indirectly
“controlled” by any other Person; for purposes of this definition, “control” means the ownership of greater than or equal to 50% of the ownership interests (by vote or value) of such corporation, partnership, or other legal
entity (or any successor thereto). 
 “Tax” or “Taxes” shall mean all domestic and foreign
national, federal, state, provincial, territorial, possession, county, local, or other taxes, levies, or imposts, including any net income, alternative or add-on minimum tax, gross income, gross receipts, sales, use, goods and services, harmonized
sale, ad valorem, value added, transfer, franchise, profits, license, withholding, payroll, employment, excise, severance, stamp, capital stock, occupation, property, royalty, capital, workers’ compensation, employer health, pension plan,
anti-dumping, countervail, production, real property gains, social security or disability, environmental or windfall profit tax, premium, custom duty or other tax, governmental fee, or other like assessment or charge of any kind whatsoever, together
with any interest, penalty, addition to tax or additional amount imposed by any Taxing Authority responsible for the imposition of any such tax (United States or non-United States). For the avoidance of doubt, Tax includes any interest, penalty,
addition to tax or additional amount imposed by any Taxing Authority only to the extent such item is actually paid to or charged by the Taxing Authority, and does not include any hypothetical amounts not actually paid to or charged by the Taxing
Authority. 

  
 7 

 “Tax Attribute” means any domestic or foreign national, federal, state,
provincial territorial, possession, county, or local net operating loss, net capital loss, general business credit, foreign tax credit, charitable deduction, or any other loss, credit, deduction, or Tax attribute that could reduce any Tax
(including, without limitation, deductions, credits, alternative minimum net operating loss carryforwards related to alternative minimum taxes or additions to the basis of property) or any foreign equivalent thereof whether computed on a
consolidated, combined or unitary basis. 
 “Tax Benefit” means an amount by which the Tax liability of a Group
is reduced (including by any item of loss or deduction, any reduction of income by virtue of increased Tax basis, any entitlement to a refund or credit, or otherwise), provided that any reference in this definition to Tax shall include, without
limitation, a reference to a recovery of statutory interest. 
 “Tax Contest” means any audit, review,
examination, assessment, notice of deficiency or any other administrative or judicial proceeding with the purpose or effect of redetermining any Taxes (including any administrative or judicial review of any claim for refund). 

“Tax Detriment” means an amount by which the Tax liability of a Group is increased (including by any item of income or
gain, any increase in income by virtue of decreased Tax basis, any decrease in entitlement to any Tax refund or credit, or otherwise). For purposes of this definition, a Group’s Tax liability shall not be considered to have been increased by
the incurrence of any Recoverable Tax unless it can demonstrate that it will not be able to recover such Tax. 
 “Tax
Return” or “Return” means any report of Taxes due, any claim for refund of Taxes paid, any information return with respect to Taxes, or any other similar report, statement, declaration or document required to be filed under
the Code or other law, including any attachments, exhibits or other materials submitted with any of the foregoing, and including any amendments or supplements to any of the foregoing. 

“Tax Year” means, with respect to any Tax, the year, or shorter period, if applicable, for which the Tax is reported as
provided under applicable law. 
 “Tax-Free Status” means (i) the transactions comprising the Internal
Reorganization and the Distribution qualifying for Tax-free treatment under Sections 368, 355 or 351 of the Code, (ii) the Butterfly Transactions qualifying for Canadian Tax-Free Status and (iii) the transactions comprising the
Internal Reorganization and the Distribution qualifying for Tax-free treatment under comparable provisions of state, local, Puerto Rican and other foreign law. 
 “Taxing Authority” means any governmental authority (whether domestic or foreign, and including, without limitation, any country, state, province, territory, possession, county,
municipality, or other political subdivision) responsible for the imposition or collection of any Tax. 
 “Transaction
Taxes” means (i) all Income Taxes of any member of the SnackCo Post-Distribution Group or any member of the GroceryCo Post-Distribution Group resulting from, or arising in connection with, the failure of the transactions comprising the
Internal Reorganization or the Distribution to have Tax-Free Status and (ii) all Income Taxes of any third party for which any member of the SnackCo Post-Distribution Group or any member of the GroceryCo Post-Distribution Group is or becomes
liable resulting from, or arising in connection with, the failure of the transactions comprising the Internal Reorganization or the Distribution to have Tax-Free Status. 

  
 8 

 “United States” or “U.S.” means the United States of
America. 
 “U.S. Federal Income Tax” means any Income Tax imposed by the United States. 

“U.S. Federal Withholding Tax” means (i) any Tax imposed or required to be withheld under Chapter 3 of the Code or
(ii) any Tax imposed or required to be withheld or deducted from wages under Chapters 21, 23 or 24 of the Code, both of which shall be considered a Non-Income Tax for purposes of this Agreement. 

ARTICLE II 

ALLOCATION OF TAXES 
 2.01 General Allocation of Taxes. 
 (a) Income Tax Allocation to
SnackCo. SnackCo shall be liable for (i) all U.S. Federal Income Taxes attributable to any Pre-Distribution Period that are imposed on any member of the SnackCo Pre-Distribution Group, including but not limited to joint and several
liability under Treasury Regulation Section 1.1502-6, (ii) all Non-Canadian Foreign Income Taxes attributable to any Pre-Distribution Period that are imposed on any member of the SnackCo Pre-Distribution Group, (iii) all Income Taxes
attributable to any Post-Distribution Period that are imposed on any member of the SnackCo Post-Distribution Group other than SnackCo Canada and (iv) any Residual Indemnity Obligations that relate to U.S. Federal Income Taxes or Non-Canadian
Foreign Income Taxes. 
 (b) Income Tax Allocation to GroceryCo. GroceryCo shall be liable for (i) all State Income
Taxes attributable to any Pre-Distribution Period that are imposed on any member of the SnackCo Pre-Distribution Group, including but not limited to any joint and several liability as to any such State Income Taxes, (ii) all Canadian Income
Taxes attributable to any Pre-Distribution Period that are imposed on any member of the SnackCo Pre-Distribution Group other than GroceryCo Canada or SnackCo Canada, (iii) all Income Taxes attributable to any Post-Distribution Period that are
imposed on any member of the GroceryCo Post-Distribution Group other than GroceryCo Canada and (iv) any Residual Indemnity Obligations that relate to State Income Taxes or Canadian Income Taxes (other than any Residual Indemnity Obligation of
GroceryCo Canada). 
 (c) Non-Income Tax Allocation to SnackCo. SnackCo shall be liable for (i) all U.S. Federal
Withholding Taxes attributable to any Pre-Distribution Period with respect to any member of the SnackCo Pre-Distribution Group, (ii) all other Non-Income Taxes imposed on or otherwise due from any member of the SnackCo Pre-Distribution Group
other than SnackCo Canada or GroceryCo Canada or the SnackCo Post-Distribution Group other than SnackCo Canada other than those Non-Income Taxes for which GroceryCo is liable under Section 2.01(d) of this Agreement and (iii) any Residual
Indemnity Obligations that relate to U.S. Federal Withholding Taxes or Non-Income Taxes other than those for which GroceryCo is liable for under Section 2.01(d) of this Agreement (and excluding any Residual Indemnity Obligation of SnackCo
Canada). 

  
 9 

 (d) Non-Income Tax Allocation to GroceryCo. GroceryCo shall be liable for
(i) all Non-Income Taxes imposed on or otherwise due from any member of the GroceryCo Post-Distribution Group other than GroceryCo Canada (but not including U.S. Federal Withholding Taxes attributable to any Pre-Distribution Period with respect
to any member of the SnackCo Pre-Distribution Group) and (ii) any Residual Indemnity Obligations that relate to any Non-Income Tax imposed on any member of the GroceryCo Post-Distribution Group other than GroceryCo Canada (but not including
U.S. Federal Withholding Taxes attributable to any Pre-Distribution Period with respect to any member of the SnackCo Pre-Distribution Group). 
 (e) Allocation of FIN 45 Indemnity Obligations. SnackCo shall be liable for all FIN 45 Indemnity Obligations (other than any FIN 45 Indemnity Obligation of SnackCo Canada). 

(f) Allocation of Specified Indemnity Obligations. SnackCo shall be liable for all Specified Indemnity Obligations (other than any
Specified Indemnity Obligation of SnackCo Canada) that are attributable to any tax sharing/allocation, purchase and sale, or similar agreements allocated to it on Schedule 1.2(25) of the Distribution Agreement. GroceryCo shall be liable for all
Specified Indemnity Obligations (other than any Specified Indemnity Obligation of GroceryCo Canada) that are attributable to any tax sharing/allocation, purchase and sale, or similar agreements allocated to it on Schedule 1.2(16) of the
Distribution Agreement. 
 (g) Allocation of Transaction Taxes. Notwithstanding any other subsection of this
Section 2.01, liability for Transaction Taxes shall be governed solely by Sections 5.02 and 5.03 of this Agreement. 

(h) Canadian Asset Transfer Agreement Override. GroceryCo Canada and SnackCo Canada are entering into the Canadian Asset Transfer
Agreement addressing the parties’ respective rights and obligations with respect to certain of the matters addressed in this Agreement. Notwithstanding any provision of this Agreement, all Taxes imposed on GroceryCo Canada or SnackCo Canada
shall be allocated in accordance with the Canadian Asset Transfer Agreement. Nothing in this Agreement shall effect, constitute or change the timing of (i) any transfer, assignment, conveyance or other disposition of, or any amendment,
modification, supplement or other change of or to, any right, title, interest or benefit in any Asset owned or held by GroceryCo Canada or SnackCo Canada or (ii) any transfer, assumption, forgiveness or release of, or any amendment,
modification, supplement or other change of or to, any Liabilities of GroceryCo Canada or SnackCo Canada. It is intended that the Canadian Asset Transfer Agreement will be drafted in a manner to be consistent with and implement the concepts that are
described and implemented in this Agreement as they relate to the Assets and Liabilities of GroceryCo Canada or SnackCo Canada that are otherwise covered in this Agreement. 
 2.02 Income Tax Allocation for Year of Distribution. Items of income, gain, loss, deduction, and credit shall be apportioned between Pre-Distribution Periods and Post-Distribution Periods in
accordance with the principles of Treasury Regulation Section 1.1502-76(b) as reasonably interpreted and applied by SnackCo. Unless agreed to by the Parties in 

  
 10 

 
writing, SnackCo shall not make an election under Treasury Regulation Section 1.1502-76(b)(2)(ii) to use the ratable allocation method. If the Parties agree to use the ratable allocation
method, the members of the GroceryCo Post-Distribution Group shall provide to SnackCo such statements as are required under the regulations and other appropriate assistance. 
 2.03 Allocation of Tax Attributes and Earnings and Profits. SnackCo shall in good faith advise GroceryCo in writing of the portion, if any, of any earnings and profits, Tax Attribute, overall
foreign loss, capitalized research and development expenditures or other consolidated, combined or unitary attribute which SnackCo determines shall be allocated or apportioned to the GroceryCo Post-Distribution Group under applicable law as a result
of the Internal Reorganization or the Distribution. The Parties hereby agree that in the absence of controlling legal authority or unless otherwise provided under this Agreement, Tax Attributes shall be allocated to the legal entity that created
such Tax Attributes. Notwithstanding the foregoing, SnackCo shall allocate all Oregon energy tax credits to GroceryCo. GroceryCo and all members of the GroceryCo Post-Distribution Group shall prepare all Tax Returns in accordance with such written
notice. As soon as practicable after receipt of a written request from GroceryCo, SnackCo shall use its best efforts to provide copies of any studies, reports, and work papers supporting such allocations and apportionments. In the event of a
subsequent adjustment by a Taxing Authority to such allocations and apportionments, SnackCo shall promptly notify GroceryCo in writing of such adjustment. 
 2.04 Matters Covered by the Employee Matters Agreement. Notwithstanding any other provision of this Agreement, any matter relating to Taxes (including, but not limited to, any allocation of a Tax
liability, the preparation of any Tax Return, any withholding obligation, or any reporting obligation) covered by the Employee Matters Agreement shall be governed by the Employee Matters Agreement. 

ARTICLE III 
 PREPARATION OF TAX RETURNS 
 3.01 U.S. Federal Income Tax Returns.
The Party that is liable for any U.S. Federal Income Tax liability under Section 2.01 of this Agreement shall prepare and file the Tax Return and any other Returns, documents, or statements required to be filed with the IRS with respect to the
determination of such U.S. Federal Income Tax liability. 
 3.02 State Income Tax Returns. The Parties shall cooperate to
determine which Party (or member of their respective Groups) will be responsible for preparing and filing each State Income Tax Return due with respect to the Tax Year in which the Distribution occurs (including any short period beginning after the
Distribution) or any Tax Year ending prior to the Distribution and any other Returns, documents, or statements required to be filed with the appropriate Taxing Authority with respect to the determination of such State Income Tax liability.

 3.03 Canadian Income Tax Returns. The Party that is liable for any Canadian Income Tax liability under
Section 2.01 of this Agreement shall prepare and file (or shall cause the appropriate member of its Group to prepare and file) such Tax Return and any other Returns, 

  
 11 

 
documents, or statements required to be filed with the appropriate Taxing Authorities with respect to the determination of such Canadian Income Tax liability. For the avoidance of doubt, the
preceding sentence shall not apply to any Tax Return required by applicable law to be filed by GroceryCo Canada or SnackCo Canada. 
 3.04 Non-Canadian Foreign Income Tax Returns. The Party that is liable for any Non-Canadian Foreign Income Tax liability under Section 2.01 of this Agreement shall prepare and file (or shall
cause the appropriate member of its Group to prepare and file) such Tax Return and any other Returns, documents, or statements required to be filed with the appropriate Taxing Authority with respect to the determination of such Non-Canadian Foreign
Income Tax liability. 
 3.05 Non-Income Tax Returns. The Party that is liable for any Non-Income Tax liability under
Section 2.01 of this Agreement shall prepare and file (or shall cause the appropriate member of its Group to prepare and file) such Tax Return and any other Returns, documents, or statements required to be filed with the appropriate Taxing
Authorities or other Persons with respect to the determination of such Non-Income Tax liability or otherwise. For the avoidance of doubt, the preceding sentence shall not apply to any Tax Return required by applicable law to be filed by GroceryCo
Canada or SnackCo Canada. 
 3.06 Tax Returns of GroceryCo Canada and SnackCo Canada. Any Tax Return required to be filed
by GroceryCo Canada under applicable law shall be filed by GroceryCo Canada. Any Tax Return required to be filed by SnackCo Canada under applicable law shall be filed by SnackCo Canada. 

3.07 Special Rules Relating to the Preparation of Tax Returns. 

(a) Except as otherwise provided in this Agreement, in the case of any Tax Return for or that includes a Pre-Distribution Period, the
Filing Party pursuant to this Article III shall prepare (or shall cause the appropriate member of it Group to prepare) such Tax Return in accordance with past practices, accounting methods, elections or conventions (“Past Practices”) used
by the SnackCo Pre-Distribution Group with respect to the Tax Return in question, and, to the extent any items are not covered by Past Practices, in accordance with reasonable Tax accounting practices. Notwithstanding the foregoing, for any Tax
Return described in the preceding sentence, the Filing Party (or the appropriate member of its Group) shall not be required to follow Past Practices if (i) the Non-Filing Party consents in writing to the proposed method of reporting (not to be
unreasonably withheld), (ii) the Filing Party (or the appropriate member of its Group) receives a “should” level opinion from a nationally recognized law firm that the proposed method of reporting is correct or (iii) there is no
substantial authority for the use of such Past Practices. In addition, unless otherwise required by applicable law, in the preparation and filing of any Tax Return for or that includes a Pre-Distribution Period, the Filing Party shall not take (or
shall cause the appropriate member of its Group not to take) any position (or make any election) that is inconsistent with any position taken or election made by SnackCo in connection with the preparation and filing of any consolidated U.S. Federal
Income Tax Return that includes any Pre-Distribution Period. Notwithstanding the foregoing, with respect to the preparation of any such Tax Return, the Filing Party shall not discriminate (or shall cause the appropriate member of its Group not to
discriminate) against any member of the Non-Filing Party’s Group. 

  
 12 

 (b) SnackCo and GroceryCo shall prepare (and shall cause the members of its respective Group
to prepare) all Tax Returns consistent with the Tax treatment of the Internal Reorganization and the Distribution set forth in the Ruling and Tax Opinion Documents. 
 3.08 Right to Review Tax Returns. In the event that (i) the Non-Filing Party (or any member of its Group) is liable for some or all of the Taxes reported on a Tax Return or (ii) the
Non-Filing Party (with respect to a Tax Return) (or member of its Group) must prepare another Tax Return consistent with the treatment included in such Tax Return, no later than thirty days (or fifteen days in the case of a State Income Tax Return)
prior to the date on which any other such Tax Return is required to be filed (taking into account any valid extensions), the Filing Party shall provide such Tax Return for review and comment by the Non-Filing Party, and the Filing Party shall
consider any comments in good faith. Notwithstanding the foregoing, the Party responsible for filing any tax return described in (i) above shall not file such Return without the consent of the Non-Filing Party (not to be unreasonably withheld
or delayed). For the avoidance of doubt, no State Income Tax Return that includes a Pre-Distribution Period that any member of the SnackCo Post-Distribution Group is responsible for filing under Section 3.02 of this Agreement shall be filed
without GroceryCo’s consent (not to be unreasonably withheld or delayed). 
 3.09 Appointment. Each member of the
Non-Filing Party’s Group hereby irrevocably appoints the Filing Party as its agent and attorney-in-fact to take any action (including the execution of documents) the Filing Party may deem necessary or appropriate to implement this Article III.

 ARTICLE IV 
 CARRYBACKS REFUNDS AND TAX BENEFITS 
 4.01 Carrybacks. 

(a) If any member of the Non-Filing Party’s Group generates a Tax Attribute during a Post-Distribution Period that can be carried
back to a Pre-Distribution Period, then, upon the request of the Non-Filing Party, the Filing Party, at the Non-Filing Party’s expense, shall file (or shall cause the appropriate member of its Group to file) a claim for refund arising from such
carryback and will pay to the Non-Filing Party the actual Tax Benefit from the carryback within thirty days of Effective Realization by any member of the Filing Party’s Group. Such Tax Benefit shall be equal to the excess of (i) the amount
of Tax that would have been payable (or of the Tax refund actually receivable) by the Party (or member of its Group) liable for the Tax reported on such Tax Return for such period in the absence of such carryback, over (ii) the amount of Tax
actually payable for such period (or of the Tax refund that would have been receivable) by the Party (or member of its Group) liable for the Tax reported on such Tax Return. In the absence of controlling legal authority, if the SnackCo
Post-Distribution Group and the GroceryCo Post-Distribution Group can both carryback Tax Attributes from the same Post-Distribution Period to a Pre-Distribution Period and both Parties Tax Attributes cannot be fully utilized, the Tax Attributes of
both Groups shall be carried back proportionately to the Tax Attributes each Party is seeking to utilize. 

  
 13 

 (b) If, subsequent to the payment by the Filing Party to the Non-Filing Party of any amount
pursuant to (or in accordance with the principles of) Section 4.01(a) of this Agreement, there shall be a Final Determination that results in a disallowance or a reduction of the Tax Attributes of the Non-Filing Party’s Group so carried
back, the Non-Filing Party shall repay to the Filing Party, within thirty days after such Final Determination, any amount that would not have been payable to the Non-Filing Party pursuant to (or in accordance with the principles of)
Section 4.01(a) of this Agreement had the Tax Benefit been determined in light of the Final Determination. In addition, the Non-Filing Party shall hold each member of the Filing Party’s Group harmless from any penalty or interest payable
by any member of the Filing Party’s Group as a result of any such Final Determination. Any such amount shall be paid by the Non-Filing Party within thirty days of the payment by the Filing Party’s Group of any such penalty or interest.

 (c) For purposes of this Section 4.01, GroceryCo (or the applicable member of the GroceryCo Post-Distribution Group)
shall be considered the Filing Party for all State Income Tax Returns for which it is liable for the Tax under Section 2.01 of this Agreement. 
 4.02 Refunds. 
 (a) If a member of the SnackCo Post-Distribution Group
Effectively Realizes a refund, offset, or credit that relates to a Tax for which a member of the GroceryCo Post-Distribution Group is liable under this Agreement, SnackCo shall remit to GroceryCo within thirty days of Effective Realization the
amount of such refund, offset, or credit, together with any interest received thereon. 
 (b) If a member of the GroceryCo
Post-Distribution Group Effectively Realizes a refund, offset, or credit that relates to a Tax for which a member of the SnackCo Post-Distribution Group is liable under this Agreement, GroceryCo shall remit to SnackCo within thirty days of Effective
Realization the amount of such refund, offset, or credit, together with any interest received thereon. 
 4.03 Residual TSA
Receivables, Specified TSA Receivables, and FIN 45 Receivables. 
 (a) If a member of the SnackCo Post-Distribution
Group receives a cash payment pursuant to a Residual TSA Receivable or a Specified TSA Receivable with respect to a Tax for which a member of the GroceryCo Post-Distribution Group would be liable under Section 2.01 of this Agreement, SnackCo
shall remit to GroceryCo within thirty days of receiving such cash payment the amount of such cash payment. 
 (b) If a member of
the GroceryCo Post-Distribution Group receives a cash payment pursuant to a Residual TSA Receivable, a Specified TSA Receivable, or a FIN 45 Receivable with respect to a Tax for which a member of the SnackCo Post-Distribution Group would be
liable under Section 2.01 of this Agreement, GroceryCo shall remit to SnackCo within thirty days of receiving such cash payment the amount of such cash payment. 

  
 14 

 4.04 Tax Benefits. 

(a) If, as a result of an adjustment pursuant to a Final Determination to any Tax for which a member of the SnackCo Post-Distribution
Group is liable hereunder, a member of the GroceryCo Post-Distribution Group realizes a Tax Benefit that it would not have realized but for such adjustment (determined on a with and without basis), GroceryCo shall pay to SnackCo the Tax Benefit from
such adjustment within thirty days of the later of the date on which (i) the member of the GroceryCo Post-Distribution Group Effectively Realizes such Tax Benefit or (ii) GroceryCo receives written notice and demand from SnackCo for
payment of the amount due, accompanied by evidence of such adjustment describing in reasonable detail the particulars relating thereto. Provided, however, that the amount GroceryCo shall pay to SnackCo under this Section 4.04(a) related to any
adjustment shall not exceed the lesser of (x) the Tax Benefit(s) Effectively Realized (whether Effectively Realized with respect to the same taxable period or one or more other taxable periods) by the member of the GroceryCo Post-Distribution
Group or (y) the Tax Detriment incurred by the member of the SnackCo Post-Distribution Group. In the event that GroceryCo disagrees with any such calculation described in this Section 4.04(a), GroceryCo shall notify SnackCo in writing
within thirty days of receiving the written calculations set forth above in this Section 4.04(a). The Parties shall resolve any such disagreement in accordance with Section 10.03 of this Agreement. 

(b) If, as a result of an adjustment pursuant to a Final Determination to any Tax for which a member of the GroceryCo Post-Distribution
Group is liable hereunder, a member of the SnackCo Post-Distribution Group realizes a Tax Benefit that it would not have realized but for such adjustment (determined on a with and without basis), SnackCo shall pay to GroceryCo the Tax Benefit from
such adjustment within thirty days of the later of the date on which (i) the member of the SnackCo Post-Distribution Group Effectively Realizes such Tax Benefit or (ii) SnackCo receives written notice and demand from GroceryCo for payment
of the amount due, accompanied by evidence of such adjustment describing in reasonable detail the particulars relating thereto. Provided, however, the amount SnackCo shall pay to GroceryCo under this Section 4.04(b) related to any adjustment
shall not exceed the lesser of (x) the Tax Benefit(s) Effectively Realized (whether Effectively Realized with respect to the same taxable period or one or more other taxable periods) by the member of the SnackCo Post-Distribution Group or
(y) the Tax Detriment incurred by the member of the GroceryCo Post-Distribution Group. In the event that SnackCo disagrees with any such calculation described in this Section 4.04(b), SnackCo shall notify GroceryCo in writing within thirty
days of receiving the written calculation set forth above in this Section 4.04(b). The Parties shall resolve any such disagreements in accordance with Section 10.03 of this Agreement. 

(c) If, subsequent to a payment by SnackCo or GroceryCo, as appropriate, to the other Party of an amount pursuant to (or in accordance
with the principles of) Sections 4.04(a) or 4.04(b) of this Agreement, there shall be a Final Determination that results in a disallowance or a reduction of the Effectively Realized Tax Benefit, the other Party shall repay to SnackCo or
GroceryCo, as appropriate, within thirty days after such Final Determination, any amount that would not have been payable to the other Party pursuant to (or in accordance with the principles of) Sections 4.04(a) or 4.04(b) of this Agreement had
the Tax Benefit been determined in light of the Final Determination. In addition, that Party receiving a payment from the other Party pursuant to Sections 4.04(a) or 4.04(b) of this Agreement shall hold each member

  
 15 

 
of the other Party’s Group harmless from any penalty or interest payable by any member of the other Party’s Group as a result of any such Final Determination. Any such amount shall be
paid by the other Party within thirty days of the payment by the SnackCo Post-Distribution Group or the GroceryCo Post-Distribution Group, as appropriate, of any such penalty or interest. 

4.05 Canadian Royalty Adjustments. 
 (a) Obligation to Pay Tax Benefit. 
 (i) Notwithstanding any other
provisions of this Article IV, if, pursuant to a Final Determination, there is a Canadian Royalty Adjustment that results in a reduction of a royalty payment deemed to be paid for Tax purposes by GroceryCo Canada to Brands LLC and SnackCo (or any
member of its Group) realizes a Tax Benefit with respect to any Pre-Distribution Period that it would not have realized but for the Canadian Royalty Adjustment, it shall pay the amount of the Tax Benefit to GroceryCo within thirty days of Effective
Realization of such Tax Benefit. 
 (ii) Notwithstanding any other provisions of this Article IV, if, pursuant to a Final
Determination, there is a Canadian Royalty Adjustment that results in an increase of a royalty payment deemed to be paid for Tax purposes by GroceryCo Canada to Brands LLC and GroceryCo (or any member of its Group) realizes a Tax Benefit with
respect to any Pre-Distribution Period that it would not have realized but for the Canadian Royalty Adjustment, it shall pay the amount of the Tax Benefit to SnackCo within thirty days of Effective Realization of such Tax Benefit. 

(iii) For purposes of determining the Tax Benefits Effectively Realized by either Party (or by any member of either Party’s Group)
as a result of a Canadian Royalty Adjustment, the effect of any foreign tax credits shall not be taken into account. 
 (b)
Cooperation. If a Canadian Royalty Adjustment is proposed, the Parties shall cooperate in good faith and take all actions reasonably necessary to minimize the aggregate Tax liability of the Parties and to obtain any Tax Benefits resulting
from such adjustment, including without limitation, filing one or more claims for refund (or protective claims) or seeking competent authority relief. In the event that the Parties seek competent authority relief, it is the intention of the Parties
that any result negotiated with the competent authorities would produce the same aggregate Tax liability among the Parties as would result if they remained members of the same affiliated group. Accordingly, the Parties shall cooperate and act in
good faith to negotiate such result and shall take such actions as may be reasonably necessary to achieve such result. 
 (c)
Special Issues Attributable to Reductions in Royalty Payments. 
 (i) In the event there is an agreement between the
competent authorities concerning a Canadian Royalty Adjustment that results in a reduction in a royalty deemed to be paid by GroceryCo Canada to Brands LLC, the Parties anticipate that it will be necessary for the excess royalty to be repaid to
GroceryCo Canada to avoid the characterization for tax purposes of such excess royalty as a deemed dividend from GroceryCo Canada to Brands LLC. If GroceryCo Canada and Brands LLC had remained members of the same affiliated group, the Parties agree
that Brands LLC or its successor would have repaid the excess royalty to GroceryCo Canada in accordance with the procedures established in Revenue Procedure 99-32 (or such other similar procedures as may be agreed by the competent authorities).

  
 16 

 (ii) To achieve the same result that would occur if the Parties had remained members of the
same affiliated group, the Parties will seek to structure any agreement with the competent authorities so that: (a) a payment will be made to GroceryCo Canada to repay the excess royalty; (b) the payment described in (a) will
eliminate any deemed dividend attributable to the excess royalty in both the United States and Canada; (c) the payment in (a) will not result in a permanent transfer of cash from the SnackCo Post-Distribution Group to the GroceryCo
Post-Distribution Group; and (d) any mechanism put in place to avoid the result described in (c) will not result in any member of the SnackCo Post-Distribution Group recognizing income in the United States or Canada. 

(iii) Consistent with the principles outlined in (ii) above, the Parties will seek to negotiate the following arrangement with the
competent authorities: (a) GroceryCo, as the successor in interest for U.S. tax purposes to Kraft Foods Global Brands, Inc. and as the obligor for such liability under the Assumption and Payment Agreement by and between GroceryCo and Brands
LLC, will repay or cause to be repaid any excess royalty to GroceryCo Canada consistent with the procedures set forth in Revenue Procedure 99-32 and (b) the payment described in (a) will eliminate any deemed dividend attributable to
the excess royalty in both the United States and Canada. 
 ARTICLE V 

INDEMNIFICATION 
 5.01 General Indemnification. 
 (a) SnackCo shall indemnify each member of
the GroceryCo Post-Distribution Group against and hold it harmless from (i) any SnackCo Liability and (ii) all liabilities, costs, expenses (including, without limitation, reasonable expenses of investigation and attorney’s fees and
expenses), losses, damages, assessments, settlements or judgments arising out of or incident to the imposition, assessment or assertion of any SnackCo Liability. 
 (b) GroceryCo shall indemnify each member of the SnackCo Post-Distribution Group against and hold it harmless from (i) any GroceryCo Liability and (ii) all liabilities, costs, expenses
(including, without limitation, reasonable expenses of investigation and attorney’s fees and expenses), losses, damages, assessments, settlements or judgments arising out of or incident to the imposition, assessment or assertion of any
GroceryCo Liability. 
 5.02 Indemnification for Non-Canadian Transaction Taxes. 

(a) Notwithstanding any other provision of this Agreement to the contrary, SnackCo shall indemnify and hold harmless each member of the
GroceryCo Post-Distribution Group from and against (i) any and all Non-Canadian Transaction Taxes that are not the responsibility of GroceryCo pursuant to Section 5.02(b) of this Agreement and (ii) all liabilities, costs, expenses
(including, without limitation, reasonable expenses of investigation and attorney’s fees and expenses), losses, damages, assessments, settlements or judgments arising out of or incident to the imposition, assessment or assertion of any Tax
described in this subsection. 

  
 17 

 (b) Notwithstanding Section 5.02(a) of this Agreement, GroceryCo shall indemnify and
hold harmless each member of the SnackCo Post-Distribution Group from and against (i) any and all Non-Canadian Transaction Taxes to the extent that such Tax results from or is attributable to (1) any act or failure to act on the part of
GroceryCo (or any member of the GroceryCo Post-Distribution Group) following the Distribution or (2) any breach by GroceryCo (or any other member of the GroceryCo Post-Distribution Group) of any of the representations or covenants set forth in
Articles VI and VII of this Agreement or any representations or covenants made by GroceryCo (or any member of the GroceryCo Post-Distribution Group) in the Ruling and Tax Opinion Documents and (ii) all liabilities, costs, expenses
(including, without limitation, reasonable expenses of investigation and attorney’s fees and expenses), losses, damages, assessments, settlements or judgments arising out of or incident to the imposition, assessment or assertion of any Tax
described in this subsection. 
 5.03 Indemnification for Canadian Transaction Taxes. 

(a) Notwithstanding any other provision of this Agreement to the contrary, GroceryCo shall indemnify and hold harmless each member of the
SnackCo Post-Distribution Group from and against (i) any and all Canadian Transaction Taxes that are not the responsibility of SnackCo pursuant to Section 5.03(b) of this Agreement and (ii) all liabilities, costs, expenses (including,
without limitation, reasonable expenses of investigation and attorney’s fees and expenses), losses, damages, assessments, settlements or judgments arising out of or incident to the imposition, assessment or assertion of any Tax described in
this subsection. 
 (b) Notwithstanding Section 5.03(a) of this Agreement, SnackCo shall indemnify and hold harmless each
member of the GroceryCo Post-Distribution Group from and against (i) any and all Canadian Transaction Taxes to the extent that such Tax results from or is attributable to (1) any act or failure to act on the part of SnackCo (or any member
of the SnackCo Post-Distribution Group) following the Distribution or (2) any breach by SnackCo (or any other member of the SnackCo Post-Distribution Group) of any of the representations or covenants set forth in Articles VI and VII of
this Agreement or any representations or covenants made by SnackCo (or any member of the SnackCo Post-Distribution Group) in the Ruling and Tax Opinion Documents and (ii) all liabilities, costs, expenses (including, without limitation,
reasonable expenses of investigation and attorney’s fees and expenses), losses, damages, assessments, settlements or judgments arising out of or incident to the imposition, assessment or assertion of any Tax described in this subsection.

 5.04 Indemnification Payments. In the event that a Party is entitled to receive indemnification under this Article V
with respect to any Tax for which there has been a Final Determination, such Party (“Indemnified Party”) shall send to the other Party (“Indemnifying Party”) an invoice requesting payment accompanied by a statement describing in
reasonable detail the amount owed and the particulars relating thereto. The Indemnifying Party shall pay to the Indemnified Party any payment owed under this Article V within thirty days (or within another time period mutually agreed to by the
Parties) after the receipt of the invoice for such payment. 

  
 18 

 ARTICLE VI 
 REPRESENTATIONS 
 6.01 SnackCo and GroceryCo Representations.
SnackCo and GroceryCo each represent that the information and representations furnished by SnackCo (or any member of the SnackCo Post-Distribution Group) or GroceryCo (or any member of the GroceryCo Post-Distribution Group), as the case may be, in
any Ruling and Tax Opinion Documents are accurate and complete as of the date hereof. 
 ARTICLE VII 

COVENANTS 

7.01 SnackCo and GroceryCo Covenants. SnackCo and GroceryCo each covenant (i) to use its best efforts to verify that the
foregoing representations made by it in Article VI are accurate and complete as of the Distribution Date and (ii) that if, after the date hereof, it obtains information indicating, or otherwise becomes aware, that any such representations are
or may be inaccurate or incomplete, promptly to inform SnackCo or GroceryCo, as the case may be. 
 7.02 Specific GroceryCo
Covenants. GroceryCo may not take, and shall cause each member of the GroceryCo Post-Distribution Group not to take, any action inconsistent with the representations in Section 6.01 of this Agreement and the covenants in this
Section 7.02 unless, prior to taking such action, GroceryCo (i) provides notification, upon determining that it shall pursue such action, to SnackCo of its plans with respect to such action, and promptly responds to any inquiries made by
SnackCo following such notification and (ii) obtains a Ruling from the IRS or obtains an opinion of a nationally recognized law firm that provides that such action will not cause the failure of Tax-Free Status. Notwithstanding the foregoing,
the receipt of a Ruling or of an opinion described in clause (ii) above shall not relieve GroceryCo of any of its liabilities or obligations under this Agreement, including, but not limited to, any GroceryCo indemnity obligation arising under
Section 5.02(b) of this Agreement. GroceryCo covenants to SnackCo that: 
 (a) During the two-year period following the
Distribution Date, GroceryCo shall not (i) liquidate or (ii) merge or consolidate with any other Person in one or more transactions pursuant to which the shareholders of the other Person(s) in such transaction(s) hold directly or
indirectly a forty-two percent or greater interest (by vote or value) in the combined company. 
 (b) During the two-year period
following the Distribution Date, GroceryCo and any Subsidiary or group of Subsidiaries that acquire all or substantially all of the GroceryCo’s assets shall not transfer all or substantially all of its assets that constitute GroceryCo’s
active trade or business used to satisfy Section 355(b) of the Code to any entity not a member of the GroceryCo Post-Distribution Group in any transaction. 

  
 19 

 (c) During the two-year period following the Distribution Date, GroceryCo directly or
indirectly through one or more Subsidiaries shall continue the active conduct of its trade or business used to satisfy Section 355(b) of the Code. 
 (d) GroceryCo shall not redeem or repurchase GroceryCo stock in a manner contrary to the requirements of Revenue Procedure 96-30 (or any Revenue Procedure replacing or superseding Revenue Procedure 96-30)
or in any other manner contrary to the representations made in the Ruling and Tax Opinion Documents. 
 (e) During the two-year
period following the Distribution Date, GroceryCo shall not issue, in one or more transactions, GroceryCo stock (or any instrument that is convertible or exchangeable into such GroceryCo stock) that in the aggregate represents more than a forty-two
percent interest (by vote or value) of GroceryCo. 
 (f) During the two-year period following the Distribution Date, GroceryCo
shall not enter into any negotiations, agreements, understandings, or arrangements with respect to transactions or events (including, without limitation, stock issuances, pursuant to the exercise of options or otherwise, option grants, capital
contributions or acquisitions or a series of such transactions or events, but excluding the Distribution) that would be reasonably likely, alone or in the aggregate, to cause the Distribution to be treated as part of a plan (i) pursuant to
which one or more Persons would acquire directly or indirectly stock of GroceryCo representing a forty-two percent or greater interest (by vote or value) or (ii) which would result in a transaction described in Section 7.02(a) above.

 (g) GroceryCo shall not otherwise take any action or fail to take any other action, which action or failure to act would be
reasonably likely to result in the imposition of Non-Canadian Transaction Taxes. 
 (h) For purposes of paragraphs (a), (e), and
(f) of this Section 7.02, whether a forty-two percent or greater ownership change is or would be involved in one or more transactions shall be determined under multiple methods that reflect the differing number of GroceryCo shares
outstanding at various times (e.g., on the Distribution Date, immediately prior to each transaction, etc.) and the method chosen shall be the one that results in the largest potential ownership change. 

7.03 Canadian Butterfly Transactions. 
 (a) SnackCo and GroceryCo each covenant that it knows of no fact (other than the facts disclosed in any Ruling request submitted to the CRA prior to the date hereof) that may cause the Butterfly
Transactions to fail to have Canadian Tax-Free Status; and SnackCo covenants that it, and each member of the SnackCo Post-Distribution Group, has no plan or intention to take any action inconsistent with any request for a Ruling submitted to the CRA
or the Canadian Tax-Free Status or the covenants set forth in this Agreement. 
 (b) SnackCo will not take or fail to take, or
permit any member of its Group to take or fail to take, any action (which includes the undertaking of any transaction) where that action or omission would (i) violate, be inconsistent with or cause to be untrue any covenant, representation or
statement made in any Ruling request submitted to the CRA or (ii) prevent, or be reasonably likely to prevent, or be inconsistent with, the Canadian Tax-Free Status. 

  
 20 

 (c) If SnackCo (or any member of the SnackCo Post-Distribution Group) intends during the
two-year period following the Distribution to undertake any transaction that would be reasonably likely to cause the Butterfly Transactions to fail to qualify for Canadian Tax-Free Status, it shall not undertake such transaction without first
obtaining a supplementary Ruling or opinion of a nationally recognized law firm that provides that such transaction will not cause the Butterfly Transactions to fail to qualify for Canadian Tax-Free Status. Notwithstanding the foregoing, the receipt
of any Ruling or opinion of a nationally recognized law firm shall not relieve SnackCo of any of its indemnity obligations arising under Article V of this Agreement. 
 ARTICLE VIII 
 TAX CONTESTS 

8.01 Notice. Each Party shall provide (and shall cause the members of its Group to provide) prompt notice to the other Party of
any written communication from a Taxing Authority regarding any pending or threatened Tax audit, assessment or proceeding, or other Tax Contest of which it becomes aware (i) related to any Tax for which it or any member of its Group is
indemnified by the other Party under this Agreement, (ii) the resolution of which has the potential to affect the Tax liability of the other Party or any member of its Group under this Agreement or (iii) related to any Residual Indemnity
Obligation, Specified Indemnity Obligation, or FIN 45 Indemnity Obligation for which the other Party or any member of such Party’s Group would be liable under this Agreement. Such notice shall attach copies of the pertinent portion of any
written communication from a Taxing Authority and contain factual information (to the extent known) describing any asserted Tax liability in reasonable detail and shall be accompanied by copies of any notice and other documents received from any
Taxing Authority in respect of any such matters. 
 8.02 Representation with Respect to Tax Contests. 

(a) General. The Controlling Party with respect to any Tax Contest shall have the right to control such Tax Contest, including the
right to (i) contest, compromise, or settle any adjustment or deficiency proposed, asserted or assessed as a result of any audit with respect to such Tax; (ii) file, prosecute, compromise or settle any claim for refund with respect to such
Tax; and (iii) determine whether any refunds with respect to such Tax shall be paid by way of refund or credited against any liability for any other Tax; provided, however, that, in settling any Tax Contest related to U.S. Federal Income Taxes
the compromise or resolution of which could result in GroceryCo (or any member of the GroceryCo Post-Distribution Group) having an increased liability for State Income Taxes (a “Specified U.S. Income Tax Contest”), SnackCo shall reasonably
attempt to compromise or settle such Specified U.S. Income Tax Contest in a manner that would minimize any resulting GroceryCo liability (or the liability of any member of the GroceryCo Post-Distribution Group) for State Income Taxes, unless doing
so would have a material adverse effect on SnackCo. 

  
 21 

 (b) Non-Canadian Transaction Tax Contests. Notwithstanding Section 8.02(a) of
this Agreement, SnackCo shall have sole control over any Non-Canadian Transaction Tax Contest, unless GroceryCo acknowledges in writing that it has sole liability under Section 5.02(b) of this Agreement for any Non-Canadian Transaction Taxes
that may arise in such Non-Canadian Transaction Tax Contest, in which case GroceryCo shall have sole control over such Non-Canadian Transaction Tax Contest. 
 (c) Canadian Transaction Tax Contests. Notwithstanding Section 8.02(a) of this Agreement, GroceryCo shall have sole control over any Canadian Transaction Tax Contest, unless SnackCo
acknowledges in writing that it has sole liability under Section 5.03(b) of this Agreement for any Canadian Transaction Taxes that may arise in such Canadian Transaction Tax Contest, in which case SnackCo shall have sole control over such
Canadian Transaction Tax Contest. 
 (d) Information. The Controlling Party shall keep the Non-Controlling Party timely
informed with respect to any material information (including, but not limited to, any decision to commence litigation) relating to (i) any Tax Contest that has the potential to affect the Tax liability of the Non-Controlling Party (or any
member of its Group) or (ii) any Tax Contest related to any Transaction Taxes. 
 (e) Participation Rights. The
Non-Controlling Party shall have the right, at its own expense, to participate in (including the opportunity to review and provide reasonable comments on the Controlling Party’s communications with a Taxing Authority or any court of law) and
advise on (including any strategy for settlement) any Tax Contest that (i) has the potential to affect the Tax liability of the Non-Controlling Party if (1) such Tax Contest is in litigation or (2) such Tax Contest involves an issue
with respect to which the IRS has asserted an adjustment in taxable income of at least $100,000,000 in a revenue agent’s report or (ii) relates to Canadian Transaction Taxes if (1) such Tax Contest is in litigation or (2) such
Tax Contest involves an issue with respect to which the CRA has asserted an adjustment in taxable income of at least $100,000,000 in a 30-day proposal letter. For the avoidance of doubt, the Controlling Party shall continue to have all rights and
authority to control the Tax Contest as set forth in Sections 8.02(a), (b), or (c) of this Agreement regardless of whether the Non-Controlling Party has exercised its participation rights under this Section 8.02(e). 

(f) Failure to Notify. The failure of one Party (or any member of its Group) to timely forward notification in accordance with
Section 8.01 of this Agreement shall not relieve the other Party of any obligation to pay such Tax or adjustment or indemnify the first Party, except to the extent the other Party (or any member of its Group) was actually materially prejudiced
by such failure, and in no event shall such failure relieve the other Party from any other liability or obligation which it may have to the first Party. 
 (g) Costs. The Controlling Party shall be liable for all costs incurred in connection with a Tax Contest (including any Tax Contest related to any Transaction Taxes), including (i) the payment
of any Tax in the event the Controlling Party seeks to litigate any Tax refund in a refund forum, (ii) the posting of any bond or making of any deposit required in connection with such Tax Contest or (iii) the payment of any other amount
required to be paid under applicable law with respect to any assessment of Tax whether or not such assessment is subject to further dispute or challenge. 

  
 22 

 ARTICLE IX 
 PAYMENTS 
 9.01 Method of Payment. All payments required by this
Agreement shall be made by (i) wire transfer to the appropriate bank account as may from time to time be designated by the Parties for such purpose, or (ii) any other method agreed to by the Parties. All payments due under this Agreement
shall be deemed to be paid when available funds are actually received by the payee. 
 9.02 Interest. Any payment
required to be made by this Agreement that is not made on or before the date required hereunder shall accrue interest at a rate equal to the rate of interest from time to time announced publicly by The Wall Street Journal as its prime rate,
calculated on the basis of a year of 365 days and the number of days elapsed. 
 9.03 Characterization of Payments. For
all Tax purposes, except as otherwise required pursuant to a Final Determination or other applicable law, the Parties hereto agree to treat, and to cause their respective affiliates to treat, any payment required by this Agreement (to the extent not
otherwise treated as a payment in respect of an existing intercompany account) either as a contribution by SnackCo to GroceryCo or as a distribution by GroceryCo to SnackCo, as the case may be, occurring immediately prior to the Distribution.

 9.04 Tax Gross Up. In the event that a Party (or member of its Group) receives any indemnity payment under
Article V of this Agreement and suffers a Tax Detriment attributable to the receipt of such payment, the amount of such payment shall be increased to place the Party (or member of its Group) receiving the payment in the same after-Tax position
it would have enjoyed if there was no Tax Detriment associated with such payment. For the avoidance of doubt, no other payments under this Agreement shall be grossed up, including but not limited to payments made pursuant to Article IV of this
Agreement. 
 9.05 Recoverable Taxes. If a Party (or member of its Group) receives any indemnity or reimbursement payment
under this Agreement attributable to a Recoverable Tax that was considered non-recoverable and such Recoverable Tax is later recovered, such Party (or member of its Group) will return the portion of the payment it received attributable to the
recovered portion of such Recoverable Tax (determined on a first in, first out basis) to the other Party within thirty days of the date such recovery is Effectively Realized. 

  
 23 

 ARTICLE X 
 MISCELLANEOUS 
 10.01 Cooperation and Exchange of Information.

 (a) SnackCo and GroceryCo shall each cooperate fully (and shall cause each member of its respective Group to cooperate fully)
with all reasonable requests from the other Party in connection with (1) the preparation and filing of Tax Returns and claims for refund, (2) Tax Contests, (3) the application of Article IV of this Agreement, and (4) all
other matters or issues covered by this Agreement (including, without limitation, cooperating in meeting those deadlines reasonably established and determined by the Filing Party or Controlling Party, as the case may be, to facilitate the timely
filing of any Tax Return or any filing related to a Tax Contest). Such cooperation shall include, without limitation: 
 (i)
retaining until the expiration of the applicable statute of limitations, and the provision upon request, of Tax Returns, books, records (including information regarding ownership and Tax basis of property), documentation and other information
relating to the Tax Returns, including accompanying schedules, related work papers, and documents relating to rulings or other determinations by Taxing Authorities; 
 (ii) executing any document that may be necessary or reasonably helpful in connection with any Tax Contest, or the filing of a Tax Return or refund claim by a member of the SnackCo Post-Distribution Group
or the GroceryCo Post-Distribution Group, including certification, to the best of a member’s knowledge, of the accuracy and completeness of the information it has supplied; 

(iii) taking any action (e.g., filing a Ruling request with the relevant Taxing Authority or executing a power of attorney) that is
reasonably necessary in order to prepare, file, amend, or take any other action with respect to Tax Returns; 
 (iv) determining
the liability for and the amount of any Taxes, Residual Indemnity Obligations, Specified Indemnity Obligations, or FIN 45 Indemnity Obligations due or the right to and the amount of any refunds of Tax, Residual TSA Receivables, Specified TSA
Receivables, or FIN 45 TSA Receivables; 
 (v) for each Tax Return that includes any Pre-Distribution Period or any Tax
Return filed with respect to the year of the Distribution (including any short-year Tax Returns), using the same Tax Return preparation software used to file the SnackCo Consolidated Return Group’s consolidated U.S. Federal Income Tax Return;

 (vi) using best efforts to obtain any documentation that may be necessary or reasonably helpful in connection with any of the
foregoing; 
 (vii) using best efforts to calculate and determine any Tax Benefit or Tax Detriment; 

(viii) using best efforts to obtain any refund, credit, or other Tax Benefit governed by Section 4.04 of this Agreement, including,
for the avoidance of doubt, filing a claim for a protective refund at the request of the other Party; 
 (ix) using best efforts
to make the applicable Party’s (or member of its Group’s) current or former directors, officers, employees, agents and facilities available on a reasonable and mutually convenient basis in connection with the foregoing matters; 

  
 24 

 (x) coordinate in connection with entering into any advance pricing agreement with respect
to any jointly owned, controlled, or used intellectual property; 
 (xi) providing notice it is reasonably likely to carry back
a Tax Attribute under Section 4.01 of this Agreement; and 
 (xii) participating in regularly scheduled meetings between
the Parties to further the purposes of this Agreement. 
 (b) If a Party (or any member of its Group) fails to comply with any of
its obligations set forth in Section 10.01(a) of this Agreement upon reasonable request and notice by the other Party, and such failure results in the imposition of additional Taxes, the nonperforming Party shall be liable in full for such
additional Taxes. 
 (c) Unless otherwise provided, each Party shall bear its own costs and expenses in complying with
Section 10.01(a). 
 (d) Competent Authority Claims. Notwithstanding any other provision of this Agreement, in the
event that SnackCo (or a member of the SnackCo Post-Distribution Group), on the one hand, or GroceryCo (or a member of the GroceryCo Post-Distribution Group), on the other hand, has notice of a potential adjustment that may result in a Tax Detriment
to either Party (or a member of their respect Group), the Parties shall cooperate (and shall cause the members of its respective Group to cooperate) pursuant to this Section 10.01 to seek any competent authority relief that may be available
with respect to such potential adjustment. Notwithstanding any other provision of this Agreement, (i) the Parties shall jointly control and shall cooperate in the handling of any competent authority claims and (ii) the Party that requests
the other Party to seek competent authority relief shall (A) be responsible for the preparation of any required filings and (B) bear the cost associated with such filings. 

(e) Upon the reasonable request of either Party, the Parties shall enter (and shall cause the appropriate member(s) of its respective
Group to enter) into a written joint defense agreement in a form reasonably acceptable to both Parties or take such other action as reasonably necessary to protect any privilege (including, but not limited to, any privilege arising under or relating
to the attorney-client relationship, the accountant-client privilege, or any work-product). 
 (f) In the event that the
Butterfly Transactions fail to qualify for Canadian Tax-Free Status, the Parties shall cooperate and provide reasonable assistance (and shall cause the appropriate members of their Group to cooperate and provide reasonable assistance) to minimize
any adverse Tax consequences that may result from such failure. 
 10.02 Retention of Records. A Party intending to
dispose of documentation of SnackCo (or any other member of the SnackCo Post-Distribution Group) or GroceryCo (or any other member of the GroceryCo Post-Distribution Group), including without limitation, books, records, Tax Returns and all
supporting schedules and information relating thereto (after the expiration of the applicable statute of limitations), which relates to Tax Returns described in Article III of this Agreement (to the extent it affects the Tax liability of GroceryCo
(or any other member of the GroceryCo Post-Distribution Group) or SnackCo (or any other member of the 

  
 25 

 
SnackCo Post-Distribution Group)) shall provide written notice to the other Party describing the documentation to be destroyed or disposed of at least sixty days prior to taking such action. The
other Party may arrange to take delivery of the documentation described in the notice at its expense during the succeeding sixty day period. The documentation described in the notice shall not be disposed of prior to the end of the sixty day period
without the affirmative written consent of an officer of the notified Party. 
 10.03 Dispute Resolution. Any and all
disputes between the Parties relating to this Agreement, including the interpretation or application thereof, shall be resolved through the procedures provided in Article VII of the Distribution Agreement. 

10.04 Changes in Law. Any reference to a provision of the Code or a law of another jurisdiction shall include a reference to any
applicable successor provision or law. If, due to any change in applicable law or regulations or their interpretation by any court of law or other governing body having jurisdiction subsequent to the date of this Agreement, performance of any
provision of this Agreement or any transaction contemplated thereby shall become unlawful, impracticable or impossible, the Parties hereto shall use their commercially reasonable efforts to find and employ an alternative means to achieve the same or
substantially the same result as that contemplated by such provision. 
 10.05 Confidentiality. Except as reasonably
necessary to prepare any Tax Return or contest any Tax Contest, each Party shall (and shall cause the members of its respective Group to) hold and cause its (or any member of its Group’s) directors, officers, employees, advisors and consultants
to hold in strict confidence, unless compelled to disclose by judicial or administrative process or, in the opinion of its counsel, by other requirements of law, all information (other than any such information relating solely to the business or
affairs of such Party or its Group) concerning the other Party (or any member of its Group) hereto furnished to it by such other Party or its representatives pursuant to this Agreement (except to the extent that such information can be shown to have
been (i) in the public domain through no fault of such Party (or any member of its Group), (ii) later lawfully acquired from other sources not known to be under a duty of confidentiality by the Party (or any member of its Group) to which
it was furnished or (iii) independently developed), and each Party shall not (and shall cause the members of its Group not to) release or disclose such information to any other Person, except its (or a member of its Group’s) directors,
officers, employees, auditors, attorneys, financial advisors, bankers and other consultants who shall be advised of and agree to be bound by the provisions of this Section 10.05. Each Party shall be deemed to have satisfied its obligation to
hold confidential information concerning or supplied by the other Party if it exercises the same care as it takes to preserve confidentiality for its own similar information. 
 10.06 Successors. This agreement shall be binding on and inure to the benefit of any successor, by merger, acquisition of assets or otherwise, to any of the Parties hereto (including, but not
limited to, any successor of SnackCo or GroceryCo succeeding to the tax attributes of such Party under Section 381 of the Code), to the same extent as if such successor had been an original Party hereto. 

  
 26 

 10.07 Authorization, etc. Each of the Parties hereto hereby represents and warrants
that it has the power and authority to execute and deliver, and perform its obligations under, this Agreement; that this Agreement has been duly authorized by all necessary corporate action on the part of such Party; that this Agreement constitutes
a legal, valid and binding obligation of each such Party; and that the execution, delivery and performance of this Agreement by such Party does not contravene or conflict with any provision of law or of its charter or bylaws or any agreement,
instrument or order binding on such Party. 
 10.08 Notices. All notices, requests, and other communications to any Party
hereunder shall be in writing (including electronic mail and facsimile transmission) and shall be given to: 
 If to SnackCo,
to: 
 Kraft Foods Inc. 
 Three Parkway North 
 Deerfield, IL 60015 

Attn: Vice President, Corporate Taxes 
 If to GroceryCo, to: 
 Kraft Foods Group, Inc. 

Three Lakes Drive 

Northfield, IL 60093 
 Attn: Senior Director, Corporate Tax 
 10.09 Entire Agreement. This
Agreement contains the entire agreement among the Parties hereto with respect to the subject matter hereof and supersedes any prior tax sharing agreements, and such prior tax sharing agreements shall have no further force and effect; provided,
however, that regardless of whether this Agreement specifically refers to any prior tax sharing agreement entered into by the Parties, that payments already made and actions already taken pursuant to any such prior tax sharing agreement shall be
taken into account in determining the respective rights and obligations of the Parties pursuant to this Agreement. In addition, the provisions of any prior tax sharing agreement shall be taken into account to the extent necessary for the
implementation of this Agreement but only if not inconsistent with the provisions of this Agreement. If and to the extent that the provisions of this Agreement conflict with the Distribution Agreement or any other agreement entered into in
connection with the Distribution, the provisions of this Agreement shall control. 
 10.10 Section Captions. Section
captions used in this Agreement are for convenience and reference only and shall not affect the construction of this Agreement. 

10.11 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York (other
than the laws regarding choice of laws and conflicts of laws) as to all matters, including matters of validity, construction, effect, performance and remedies; provided, however, that the United States Arbitration Act, 9 U.S.C.
§§ 1-16 (as may be amended from time to time) shall govern the matters described in Section 10.03 of this Agreement. 

  
 27 

 10.12 Counterparts. This Agreement may be executed in any number of counterparts,
each of which shall be deemed an original, but all of which together shall constitute one and the same Agreement. 
 10.13
References Include Group Members. Any reference to SnackCo, GroceryCo, or the Parties shall be interpreted to include the members of each Party’s respective Group as necessary to implement the intention of the Parties. 

10.14 Waivers and Amendments. This Agreement shall not be waived, amended or otherwise modified except in writing, duly executed
by all of the Parties hereto. 
 10.15 Effective Date. This Agreement shall be effective as of the Distribution Date.

 10.16 Termination. Unless otherwise terminated under Section 8.3 of the Distribution Agreement, this Agreement
shall remain in force and be binding so long as the applicable period of assessments (including extensions) remains unexpired for any Taxes contemplated by this Agreement. 

  
 28 

 IN WITNESS WHEREOF, each of the Parties hereto has caused this Agreement to be executed by a
duly authorized officer as of the date first above written. 
  

			
	Kraft Foods Inc.
		
	By:	 	/s/ Gerhard Pleuhs
		 	  

		 	Name: Gerhard Pleuhs
		 	Title:   Authorized Signatory
	
	Kraft Foods Group, Inc.
		
	By:	 	/s/ Timothy R. McLevish
		 	  

		 	Name: Timothy R. McLevish
		 	Title:   Authorized Signatory

  
 29EMPLOYEE MATTERS AGREEMENT

 Exhibit 10.4 

 

															
		 		 		 		 		 		 		 	FINAL VERSION

  
  

EMPLOYEE MATTERS AGREEMENT 
 between 
 KRAFT FOODS INC. 

and 
 KRAFT
FOODS GROUP, INC. 
 Dated as of September 27, 2012 

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I DEFINITIONS
	  	 	1	  
			
	 Section 1.1
	 	 Table of Definitions
	  	 	1	  
	 Section 1.2
	 	 Certain Defined Terms
	  	 	2	  
	 Section 1.3
	 	 Other Capitalized Terms
	  	 	9	  
		
	 ARTICLE II GENERAL PRINCIPLES; EMPLOYEE TRANSFERS
	  	 	9	  
			
	 Section 2.1
	 	 SnackCo Group Employee Liabilities
	  	 	9	  
	 Section 2.2
	 	 GroceryCo Group Employee Liabilities
	  	 	9	  
	 Section 2.3
	 	 SnackCo Benefit Plans/GroceryCo Benefit Plans
	  	 	10	  
	 Section 2.4
	 	 Plan-Related Litigation
	  	 	10	  
	 Section 2.5
	 	 Vacation and Sick Pay
	  	 	10	  
	 Section 2.6
	 	 Employee Transfers
	  	 	11	  
	 Section 2.7
	 	 Annual Bonuses
	  	 	11	  
	 Section 2.8
	 	 Seconded Employees
	  	 	11	  
	 Section 2.9
	 	 Certain Canadian Matters
	  	 	13	  
		
	 ARTICLE III SERVICE CREDIT
	  	 	13	  
			
	 Section 3.1
	 	 Service Credit for Employee Transfers
	  	 	13	  
	 Section 3.2
	 	 SnackCo Benefit Plans
	  	 	14	  
	 Section 3.3
	 	 GroceryCo Benefit Plans
	  	 	14	  
		
	 ARTICLE IV CERTAIN WELFARE BENEFIT PLAN MATTERS
	  	 	14	  
			
	 Section 4.1
	 	 SnackCo Retained Welfare Plans
	  	 	14	  
	 Section 4.2
	 	 SnackCo Spinoff Welfare Plans
	  	 	15	  
	 Section 4.3
	 	 Continuation of Elections
	  	 	15	  
	 Section 4.4
	 	 Deductibles and Other Cost-Sharing Provisions
	  	 	15	  
	 Section 4.5
	 	 Flexible Spending Account Treatment
	  	 	15	  
	 Section 4.6
	 	 Workers’ Compensation
	  	 	16	  
		
	 ARTICLE V TAX-QUALIFIED DEFINED BENEFIT PLANS
	  	 	16	  
			
	 Section 5.1
	 	 SnackCo Spinoff DB Plans
	  	 	16	  
	 Section 5.2
	 	 Continuation of Elections
	  	 	18	  
		
	 ARTICLE VI U.S. TAX-QUALIFIED DEFINED CONTRIBUTION PLANS
	  	 	18	  
			
	 Section 6.1
	 	 SnackCo Retained Defined Contribution Plans
	  	 	18	  
	 Section 6.2
	 	 SnackCo Spinoff DC Plans
	  	 	19	  
	 Section 6.3
	 	 Continuation of Elections
	  	 	20	  

  
 i 

 TABLE OF CONTENTS 

(Continued) 
  

							
	 	 	 	  	Page	 
	 Section 6.4
	 	 Contributions Due
	  	 	20	  
		
	 ARTICLE VII NONQUALIFIED RETIREMENT PLANS
	  	 	20	  
			
	 Section 7.1
	 	 SnackCo Retained Nonqualified Plans
	  	 	20	  
	 Section 7.2
	 	 SnackCo Spinoff Nonqualified Plans
	  	 	21	  
	 Section 7.3
	 	 General Foods Plan
	  	 	22	  
	 Section 7.4
	 	 No Distributions on Separation
	  	 	22	  
	 Section 7.5
	 	 Section 409A
	  	 	23	  
	 Section 7.6
	 	 Continuation of Elections
	  	 	23	  
	 Section 7.7
	 	 Delayed Transfer Employees
	  	 	23	  
	 Section 7.8
	 	 Kraft Foods Inc. Directors’ Plans
	  	 	23	  
		
	 ARTICLE VIII KRAFT FOODS EQUITY COMPENSATION AWARDS
	  	 	24	  
			
	 Section 8.1
	 	 Outstanding Kraft Foods Equity Compensation Awards
	  	 	24	  
	 Section 8.2
	 	 Tax Withholding, Reporting and Deductions
	  	 	28	  
	 Section 8.3
	 	 Employment Treatment
	  	 	29	  
	 Section 8.4
	 	 Payment of Option Exercise Prices
	  	 	29	  
	 Section 8.5
	 	 Dividends/Dividend Equivalents
	  	 	30	  
	 Section 8.6
	 	 Equity Award Administration
	  	 	30	  
	 Section 8.7
	 	 Forfeiture-Related Payments
	  	 	30	  
	 Section 8.8
	 	 Registration
	  	 	31	  
	 Section 8.9
	 	 Non-Employee Directors’ Stock Units
	  	 	31	  
		
	 ARTICLE IX BENEFIT PLAN REIMBURSEMENTS, BENEFIT PLAN THIRD-PARTY CLAIMS
	  	 	32	  
			
	 Section 9.1
	 	 General Principles
	  	 	32	  
	 Section 9.2
	 	 Benefit Plan Third-Party Claims
	  	 	32	  
		
	 ARTICLE X INDEMNIFICATION
	  	 	32	  
			
	 Section 10.1
	 	 Indemnification
	  	 	32	  
		
	 ARTICLE XI COOPERATION
	  	 	33	  
			
	 Section 11.1
	 	 Cooperation
	  	 	33	  
		
	 ARTICLE XII MISCELLANEOUS
	  	 	33	  
			
	 Section 12.1
	 	 Vendor Contracts
	  	 	33	  
	 Section 12.2
	 	 Further Assurances
	  	 	33	  

  
 ii 

 TABLE OF CONTENTS 

(Continued) 
  

							
	 	 	 	  	Page	 
	 Section 12.3
	 	 Employment Taxes Withholding Reporting Responsibility
	  	 	33	  
	 Section 12.4
	 	 Data Privacy
	  	 	34	  
	 Section 12.5
	 	 Third Party Beneficiaries
	  	 	34	  
	 Section 12.6
	 	 Effect if Distribution Does Not Occur
	  	 	34	  
	 Section 12.7
	 	 Incorporation of Separation Agreement Provisions
	  	 	34	  
	 Section 12.8
	 	 No Representation or Warranty
	  	 	34	  

  
 iii

 EMPLOYEE MATTERS AGREEMENT 

EMPLOYEE MATTERS AGREEMENT, dated as of September 27, 2012 (this “Employee Matters Agreement”), between Kraft
Foods Inc., a Virginia corporation (“Kraft Foods Inc.” or “SnackCo”), and Kraft Foods Group, Inc., a Virginia corporation (“GroceryCo”). 

RECITALS 

A. The parties to this Employee Matters Agreement have entered into the Separation and Distribution Agreement (the “Separation
Agreement”), dated as of the date hereof, pursuant to which Kraft Foods Inc. intends to distribute to its shareholders, on a pro rata basis, all the outstanding shares of common stock, no par value, of GroceryCo then owned by Kraft Foods
Inc. (the “Distribution”). 
 B. The parties wish to set forth their agreements as to certain matters regarding
the treatment of, and the compensation and employee benefits provided to, current and former employees of SnackCo and GroceryCo and their Subsidiaries. 
 AGREEMENT 
 In consideration of the foregoing and the mutual covenants and
agreements herein contained, and intending to be legally bound hereby, the parties agree as follows, effective as of the Distribution Date: 
 ARTICLE I 
 DEFINITIONS 

Section 1.1 Table of Definitions. The following terms have the meanings set forth on the pages referenced below: 

 

					
	 Definition
	  	Page	 
	 Affiliate
	  	 	2	  
	 Applicable Transfer Date
	  	 	11	  
	 Benefit Plan
	  	 	3	  
	 Delayed Transfer Employee
	  	 	11	  
	 Employee Matters Agreement
	  	 	1	  
	 Employment Agreement
	  	 	3	  
	 ERISA
	  	 	3	  
	 Estimated Retirement Plan Transfer Amount
	  	 	17	  
	 Fair Value
	  	 	3	  
	 Final Nonqualified Plan Transfer Amount
	  	 	21	  
	 Final Nonqualified Plan Transfer Date
	  	 	22	  

					
	 Definition
	  	Page	 
	 Final Retirement Plan Transfer Amount
	  	 	17	  
	 Final Transfer Date
	  	 	17	  
	 Former Cadbury Employee
	  	 	3	  
	 Former GroceryCo Business Employee
	  	 	4	  
	 Former SnackCo Business Employee
	  	 	4	  
	 GroceryCo
	  	 	1	  
	 GroceryCo Benefit Plan
	  	 	4	  
	 GroceryCo Common Stock
	  	 	4	  
	 GroceryCo Deferred Stock Unit
	  	 	4	  
	 GroceryCo Director
	  	 	31	  
	 GroceryCo Employee
	  	 	5	  
	 GroceryCo Employment Agreement
	  	 	5	  

 
 

  
 1 

 

					
	 GroceryCo Equity Compensation Award
	  	 	5	  
	 GroceryCo Master DB Trust
	  	 	17	  
	 GroceryCo Option
	  	 	5	  
	 GroceryCo Performance Incentive Plans
	  	 	5	  
	 GroceryCo Performance Share
	  	 	5	  
	 GroceryCo Price
	  	 	5	  
	 GroceryCo Rabbi Trusts
	  	 	21	  
	 GroceryCo Restricted Share
	  	 	5	  
	 GroceryCo SAR
	  	 	6	  
	 GroceryCo Seconded Employees
	  	 	11	  
	 GroceryCo Spinoff Welfare Plans
	  	 	15	  
	 GroceryCo Transferees
	  	 	11	  
	 GroceryCo Welfare Plan
	  	 	6	  
	 Initial Nonqualified Plan Transfer Amount
	  	 	21	  
	 Intrinsic Value
	  	 	6	  
	 Kraft Foods Common Stock
	  	 	6	  
	 Kraft Foods Deferred Stock Unit
	  	 	6	  
	 Kraft Foods Director Plans
	  	 	23	  
	 Kraft Foods Equity Compensation Award
	  	 	6	  
	 Kraft Foods Inc.
	  	 	1	  
	 Kraft Foods Option
	  	 	6	  
	 Kraft Foods Performance Incentive Plans
	  	 	6	  
	 Kraft Foods Performance Share
	  	 	6	  
	 Kraft Foods Pre-Adjustment Price
	  	 	6	  
	 Kraft Foods Restricted Share
	  	 	7	  
	 Kraft Foods SAR
	  	 	7	  
	 Liabilities
	  	 	7	  
	 Nonqualified Plan True-Up Amount
	  	 	22	  
	 Option Conversion Ratio
	  	 	7	  
	 Original Group
	  	 	13	  
	 Plan Payee
	  	 	7	  
	 Puerto Rico Savings Plans
	  	 	18	  
	 Seconded Employees
	  	 	11	  
	 Separation Agreement
	  	 	1	  
	 SnackCo
	  	 	1	  

					
	 SnackCo Benefit Plans
	  	 	7	  
	 SnackCo Common Stock
	  	 	7	  
	 SnackCo Deferred Stock Unit
	  	 	7	  
	 SnackCo Director
	  	 	31	  
	 SnackCo Employee
	  	 	7	  
	 SnackCo Employment Agreement
	  	 	8	  
	 SnackCo Equity Compensation Award
	  	 	8	  
	 SnackCo Master DB Trust
	  	 	16	  
	 SnackCo Master DC Trust
	  	 	19	  
	 SnackCo Option
	  	 	8	  
	 SnackCo Performance Share
	  	 	8	  
	 SnackCo Price
	  	 	8	  
	 SnackCo Restricted Share
	  	 	8	  
	 SnackCo Retained Benefit Plan
	  	 	8	  
	 SnackCo Retained Nonqualified Plans
	  	 	20	  
	 SnackCo Retained Welfare Plans
	  	 	14	  
	 SnackCo SAR
	  	 	9	  
	 SnackCo Seconded Employees
	  	 	11	  
	 SnackCo Spinoff DB Plans
	  	 	16	  
	 SnackCo Spinoff DC Plans
	  	 	19	  
	 SnackCo Spinoff Nonqualified Plans
	  	 	21	  
	 SnackCo Spinoff Plans
	  	 	9	  
	 SnackCo Transferees
	  	 	11	  
	 SnackCo Welfare Plan
	  	 	9	  
	 Split DB Plans
	  	 	16	  
	 Split DC Plans
	  	 	19	  
	 Split Nonqualified Plans
	  	 	21	  
	 Split Plans
	  	 	9	  
	 Split Welfare Plans
	  	 	15	  
	 Temporary Employment Period
	  	 	12	  
	 Transferee Group
	  	 	13	  
	 True-Up Amount
	  	 	17	  
	 Vendor Contract
	  	 	33	  
	 Welfare Plan
	  	 	9	  
	 Workers’ Compensation Event
	  	 	9	  

 
 

  
 Section 1.2
Certain Defined Terms. For the purposes of this Employee Matters Agreement: 
 “Affiliate” of any
Person means a Person that controls, is controlled by, or is under common control with such Person; provided, however, that for 

  
 2 

 
purposes of this Employee Matters Agreement, from and after the Distribution, none of the SnackCo Entities shall be deemed to be an Affiliate of any GroceryCo Entity and none of the GroceryCo
Entities shall be deemed to be an Affiliate of any SnackCo Entity. As used in this definition of “Affiliate,” “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management
and policies of such entity, whether through ownership of voting securities or other interests, by contract or otherwise. 

“Benefit Plan” means, with respect to an entity, each plan, program, policy, agreement, arrangement or understanding
that is maintained primarily for the benefit of employees in the United States or Puerto Rico and is a deferred compensation, executive compensation, incentive bonus or other bonus, pension, profit sharing, savings, retirement, severance pay, salary
continuation, life, death benefit, health, hospitalization, sick leave, vacation pay, disability or accident insurance or other employee benefit plan, program, agreement or arrangement, including any “employee benefit plan” (as defined in
Section 3(3) of ERISA) sponsored, maintained or contributed to by such entity or to which such entity is a party or under which such entity has any obligation; provided that no Kraft Foods Equity Compensation Award, nor any plan under which any
such Kraft Foods Equity Compensation Award is granted, shall constitute a “Benefit Plan” under this Employee Matters Agreement. In addition, no Employment Agreement shall constitute a Benefit Plan for purposes hereof. 

“Distribution Date” means the date, determined by the Kraft Foods Inc. Board of Directors, on which the Distribution
occurs. 
 “Distribution Ratio” means the number of shares of GroceryCo Common Stock to be distributed in
respect of each share of Kraft Foods Common Stock in the Distribution, which ratio shall be determined by the Kraft Foods Inc. Board of Directors prior to the Record Date. 
 “Employment Agreement” means any individual employment, retention, consulting, change in control, split dollar life insurance, sale bonus, incentive bonus, severance or other individual
compensatory agreement between any current or former employee and Kraft Foods Inc. or any of its Affiliates. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

“Fair Value” means, in the case of GroceryCo Options and SnackCo Options, the anticipated value of the options,
determined using the Modified Black-Scholes option pricing model used by Kraft Foods Inc. in the preparation of its most recent annual or quarterly financial reporting prepared before the Distribution Date with such modifications as may be
determined before the Distribution Date by Kraft Foods Inc. 
 “Former Cadbury Employee” means any individual
who (i) was employed by Cadbury Limited (formerly Cadbury plc) or an Affiliate of Cadbury Limited prior to the acquisition by Kraft Foods Inc. of the outstanding ordinary shares of Cadbury Limited, and (ii) terminated employment with Kraft
Foods Inc. and its Affiliates (or the predecessors thereof, including Cadbury Limited and its Affiliates) prior to the close of business on the Distribution Date. 

  
 3 

 “Former GroceryCo Business Employee” means any individual who
(i) before the close of business on the Distribution Date retired or otherwise separated from service from Kraft Foods Inc. and its Affiliates, and (ii) is not a Former SnackCo Business Employee or a Former Cadbury Employee; provided,
however, that any individual who otherwise would be treated as a Former SnackCo Business Employee hereunder shall be treated as a Former GroceryCo Business Employee if such individual is receiving or is eligible to commence receiving severance
benefits from Kraft Foods Inc. or an Affiliate immediately prior to the Distribution Date. 
 “Former SnackCo Business
Employee” means any individual (i) who before the close of business on the Distribution Date retired or otherwise separated from service from Kraft Foods Inc. and its Affiliates, and (ii) whose last day worked with Kraft Foods
Inc. and its Affiliates prior to the close of business on the Distribution Date was with (A) the SnackCo Business, or (B) SnackCo or any Person that will be a direct or indirect Subsidiary of SnackCo immediately after the Distribution.
However, any individual who otherwise would be treated as a Former SnackCo Business Employee hereunder shall be treated as a Former GroceryCo Business Employee if such individual is receiving or is eligible to commence receiving severance benefits
from Kraft Foods Inc. or an Affiliate immediately prior to the Distribution Date. Except as specifically provided herein, and notwithstanding the immediately-preceding sentence, each Former Cadbury Employee shall also be treated as a Former SnackCo
Business Employee. 
 “GroceryCo Benefit Plan” means any Benefit Plan sponsored or maintained by any member of
the GroceryCo Group. GroceryCo Benefit Plan shall also mean any multiemployer plan (as defined in Section 3(37) of ERISA) to which any member of the GroceryCo Group contributes for the benefit of its employees. For the avoidance of doubt, no
member of the GroceryCo Group shall be deemed to sponsor or maintain any Benefit Plan if its relationship to such Benefit Plan is solely to administer such Benefit Plan or provide to SnackCo any reimbursement in respect of such Benefit Plan. The
GroceryCo Benefit Plans (excluding any multiemployer plans) shall be those Benefit Plans sponsored solely by one or more members of the GroceryCo Group following the Distribution Date. For the avoidance of doubt, no Benefit Plan sponsored or
maintained by Kraft Foods Inc. or its Affiliates outside the United States (including its territories) and Canada as of the Distribution Date shall be a GroceryCo Benefit Plan, and the GroceryCo Group shall have no liability with respect to any such
Benefit Plan. 
 “GroceryCo Common Stock” means the common stock, no par value, of GroceryCo. 

“GroceryCo Deferred Stock Unit” means a deferred stock obligation relating to GroceryCo Common Stock granted by
GroceryCo as of the Distribution Date under a GroceryCo Performance Incentive Plan pursuant to Section 8.1(a)(ii)(B). 

  
 4 

 “GroceryCo Employee” means each individual who, as of the close of
business on the Distribution Date, is employed by a member of the GroceryCo Group (including, for the avoidance of doubt, any such individual who is on a leave of absence, whether paid or unpaid, from which such employee is permitted to return (in
accordance with GroceryCo’s personnel policies)). GroceryCo Employees also include GroceryCo Transferees, effective as of the Applicable Transfer Date. 
 “GroceryCo Employment Agreement” means any Employment Agreement to which any member of the GroceryCo Group is a party. The GroceryCo Employment Agreements shall be the responsibility of
one or more members of the GroceryCo Group following the Distribution Date. 
 “GroceryCo Equity Compensation
Award” means each GroceryCo Option, GroceryCo SAR, GroceryCo Performance Share, GroceryCo Restricted Share or GroceryCo Deferred Stock Unit. 
 “GroceryCo Option” means an option to acquire GroceryCo Common Stock granted by GroceryCo as of the Distribution Date under a GroceryCo Performance Incentive Plan pursuant to
Section 8.1(a)(i)(B). 
 “GroceryCo Performance Incentive Plans” means the Kraft Foods Group, Inc. 2012
Performance Incentive Plan and any stock-based or other incentive plan identified by GroceryCo before the Distribution Date. 

“GroceryCo Performance Share” means performance-based awards of shares of GroceryCo Common Stock granted by GroceryCo
as of the Distribution Date under a GroceryCo Performance Incentive Plan pursuant to Section 8.1(a)(iii)(A). 

“GroceryCo Price” means the Kraft Foods Pre-Adjustment Price multiplied by a fraction, (a) the numerator of which
is the closing price of GroceryCo Common Stock on the NASDAQ Global Select Market on the Distribution Date (as traded on the “when issued” market) and (b) the denominator of which is the sum of the numerator multiplied by the
Distribution Ratio plus the closing price of SnackCo Common Stock on the NASDAQ Global Select Market on the Distribution Date (as traded on the “when issued” market). 

“GroceryCo Restricted Share” means a share of restricted common stock relating to GroceryCo Common Stock granted by
GroceryCo as of the Distribution Date under a GroceryCo Performance Incentive Plan pursuant to Section 8.1(a)(ii)(A). 

  
 5 

 “GroceryCo SAR” means a cash-settled stock appreciation right based on the
value of GroceryCo Common Stock granted by GroceryCo as of the Distribution Date under a GroceryCo Performance Incentive Plan pursuant to Section 8.1(a)(i)(B). 
 “GroceryCo Welfare Plan” means each GroceryCo Benefit Plan that is a Welfare Plan. 
 “Intrinsic Value” means, with respect to each stock option and stock appreciation right, (i) the number of such options or stock appreciation rights, multiplied by (ii) the
difference between the exercise price of such options or stock appreciation rights and (A) for Kraft Foods Options and Kraft Foods SARs, the Kraft Foods Pre-Adjustment Price, (B) for SnackCo Options and SnackCo SARs, the SnackCo Price, and
(C) for GroceryCo Options and GroceryCo SARs, the GroceryCo Price. 
 “Kraft Foods Common Stock” means
the Class A common stock, no par value, of Kraft Foods Inc. 
 “Kraft Foods Deferred Stock Unit” means a
deferred stock obligation relating to Kraft Foods Common Stock granted by Kraft Foods Inc. under a Kraft Foods Performance Incentive Plan before the Distribution Date. 
 “Kraft Foods Equity Compensation Award” means each Kraft Foods Option, Kraft Foods SAR, Kraft Foods Performance Share, Kraft Foods Restricted Share or Kraft Foods Deferred Stock Unit.

 “Kraft Foods Option” means an option to acquire Kraft Foods Common Stock granted by Kraft Foods Inc. under
a Kraft Foods Performance Incentive Plan before the Distribution Date. 
 “Kraft Foods Performance Incentive
Plans” means any of the Kraft Foods Inc. 2001 Performance Incentive Plan, the Kraft Foods Inc. 2005 Performance Incentive Plan, the Kraft Foods Inc. Amended and Restated 2005 Performance Incentive Plan, the Kraft Foods Inc. 2001
Compensation Plan for Non-Employee Directors, the Kraft Foods Inc. 2006 Stock Compensation Plan for Non-Employee Directors, the Kraft Foods Inc. Amended and Restated 2006 Stock Compensation Plan for Non-Employee Directors and any stock-based or
other incentive plan identified by Kraft Foods Inc. before the Distribution Date. 
 “Kraft Foods Performance
Share” means performance-based awards of shares of Kraft Foods Common Stock granted by Kraft Foods Inc. under a Kraft Foods Performance Incentive Plan before the Distribution Date. 

“Kraft Foods Pre-Adjustment Price” means the closing price of Kraft Foods Common Stock on the NASDAQ Global Select
Market on the Distribution Date (as traded on the “regular way” market). 

  
 6 

 “Kraft Foods Restricted Share” means a share of restricted common stock
granted by Kraft Foods Inc. under a Kraft Foods Performance Incentive Plan before the Distribution Date. 
 “Kraft
Foods SAR” means a cash-settled stock appreciation right based on the value of Kraft Foods Common Stock granted by Kraft Foods Inc. under a Kraft Foods Performance Incentive Plan before the Distribution Date. 

“Liabilities” means any and all losses, claims, charges, debts, demands, Actions, damages, obligations, payments, costs
and expenses, sums of money, bonds, indemnities and similar obligations, penalties, covenants, contracts, controversies, agreements, promises, omissions, guarantees, make whole agreements and similar obligations, and other liabilities, including all
contractual obligations, whether absolute or contingent, inchoate or otherwise, matured or unmatured, liquidated or unliquidated, accrued or unaccrued, known or unknown, whenever arising, and including those arising under any Law, Action, threatened
or contemplated Action (including the costs and expenses of demands, assessments, judgments, settlements and compromises relating thereto and attorneys’ fees and any and all costs and expenses (including allocated costs of in-house counsel and
other personnel), whatsoever incurred in investigating, preparing or defending against any such Actions or threatened or contemplated Actions), order or consent decree of any Governmental Authority or any award of any arbitrator of any kind, and
those arising under any contract, commitment or undertaking, including those arising under this Employee Matters Agreement or incurred by a party hereto or thereto in connection with enforcing its rights to indemnification hereunder, in each case,
whether or not recorded or reflected or required to be recorded or reflected on the books and records or financial statements of any Person. 
 “Option Conversion Ratio” means the ratio of the pre-adjustment exercise price of the applicable Kraft Foods Option or Kraft Foods SAR to the Kraft Foods Pre-Adjustment Price. 

“Plan Payee” means, as to an individual who participates in a Benefit Plan, such individual’s dependents,
beneficiaries, alternate payees and alternate recipients, as applicable under such Benefit Plan. 
 “SnackCo Benefit
Plans” means the SnackCo Retained Benefit Plans and the SnackCo Spinoff Plans. 
 “SnackCo Common
Stock” means the Class A common stock, no par value, of SnackCo. 
 “SnackCo Deferred Stock
Unit” means a deferred stock obligation relating to SnackCo Common Stock relating to a Kraft Foods Deferred Stock Unit described in Section 8.1(a)(ii)(B). 
 “SnackCo Employee” means each individual who, as of the close of business on the Distribution Date, is employed by a member of the SnackCo Group (including, for the avoidance of doubt,
any such individual who is on a leave of absence, whether paid or unpaid, from which such employee is permitted to return (in accordance with SnackCo’s personnel policies)). SnackCo Employees also include SnackCo Transferees, effective as of
the Applicable Transfer Date. 

  
 7 

 “SnackCo Employment Agreement” means any Employment Agreement to which any
member of the SnackCo Group is a party and to which no member of the GroceryCo Group is a party. The SnackCo Employment Agreements shall be the sole responsibility of one or more members of the SnackCo Group following the Distribution Date.

 “SnackCo Equity Compensation Award” means each SnackCo Option, SnackCo SAR, SnackCo Performance Share,
SnackCo Restricted Share or SnackCo Deferred Stock Unit. 
 “SnackCo Option” means an option to acquire
SnackCo Common Stock relating to a Kraft Foods Option described in Section 8.1(a)(i)(A). 
 “SnackCo Performance
Share” means performance shares of SnackCo Common Stock granted by SnackCo as of the Distribution Date under a SnackCo Performance Incentive Plan pursuant to Section 8.1(a)(iii)(B). 

“SnackCo Price” means the Kraft Foods Pre-Adjustment Price multiplied by a fraction, (a) the numerator of which is
the closing price of SnackCo Common Stock on the NASDAQ Global Select Market on the Distribution Date (as traded on the “when issued” market) and (b) the denominator of which is the sum of the numerator plus the closing price of
GroceryCo Common Stock on the NASDAQ Global Select Market on the Distribution Date (as traded on the “when issued” market) multiplied by the Distribution Ratio. 
 “SnackCo Restricted Share” means a share of restricted common stock with respect to SnackCo Common Stock relating to Kraft Foods Restricted Shares pursuant to Section 8.1(a)(ii)(A).

 “SnackCo Retained Benefit Plan” means any Benefit Plan that, as of the close of business on the day before
the Distribution Date, is sponsored or maintained solely by any member of the SnackCo Group. SnackCo Retained Benefit Plan shall also mean any multiemployer plan (as defined in Section 3(37) of ERISA) to which any member of the SnackCo Group
contributes for the benefit of its employees. For the avoidance of doubt, no member of the SnackCo Group shall be deemed to sponsor or maintain any Benefit Plan if its relationship to such Benefit Plan is solely to administer such Benefit Plan or
provide to GroceryCo any reimbursement in respect of such Benefit Plan. The SnackCo Retained Benefit Plans (excluding any multiemployer plans) shall be sponsored solely by one or more members of the SnackCo Group following the Distribution Date.

  
 8 

 “SnackCo SAR“ means a cash-settled stock appreciation right with respect
to SnackCo Common Stock relating to a Kraft Foods SAR described in Section 8.1(a)(i)(A). 
 “SnackCo Spinoff
Plans” means the SnackCo Spinoff DB Plans, SnackCo Spinoff DC Plans, SnackCo Spinoff Nonqualified Plans and SnackCo Spinoff Welfare Plans. 
 “SnackCo Welfare Plan” means each SnackCo Benefit Plan that is a Welfare Plan. 
 “Split Plans” means the Split Welfare Plans, Split DB Plans, Split DC Plans and Split Nonqualified Plans. 
 “Welfare Plan” means each Benefit Plan that provides life insurance, health care, dental care, vision care, employee assistance programs (EAP), accidental death and dismemberment
insurance, disability, severance, vacation or other group welfare or fringe benefits and is an “employee welfare benefit plan” as described in Section 3(1) of ERISA. 

“Workers’ Compensation Event” means the event, injury, illness or condition giving rise to a workers’
compensation claim. 
 Section 1.3 Other Capitalized Terms. Capitalized terms not defined in this Employee Matters
Agreement shall have the meanings ascribed to them in the Separation Agreement. 
 ARTICLE II 

GENERAL PRINCIPLES; EMPLOYEE TRANSFERS 
 Section 2.1 SnackCo Group Employee Liabilities. Except as specifically provided in this Employee Matters Agreement, the SnackCo Group shall be solely responsible for (i) all employment,
compensation and employee benefits Liabilities relating to SnackCo Employees and Former SnackCo Business Employees, (ii) all Liabilities arising under each SnackCo Benefit Plan and SnackCo Employment Agreement, (iii) except with respect to
matters covered by Article VIII hereof, all Liabilities arising before the Distribution Date with respect to employment outside the United States (including its territories) and Canada by current or former employees of Kraft Foods Inc. and its
Affiliates, and (iv) all Liabilities with respect to Benefit Plans maintained outside the United States (including its territories) and Canada (and the GroceryCo Group shall not retain or assume sponsorship of any such Benefit Plan).

 Section 2.2 GroceryCo Group Employee Liabilities. Except as specifically provided in this Employee Matters Agreement,
the GroceryCo Group shall be solely responsible for (i) all employment, compensation and employee benefits Liabilities relating to GroceryCo Employees and Former GroceryCo Business Employees, (ii) all Liabilities arising under each
GroceryCo Benefit Plan and GroceryCo Employment Agreement, and (iii) such obligations as are assigned to the GroceryCo Group pursuant to Article VIII hereof. 

  
 9 

 Section 2.3 SnackCo Benefit Plans/GroceryCo Benefit Plans. 

(a) Schedule 2.3 sets forth a complete list of all material SnackCo Benefit Plans. Effective immediately prior to the
Distribution, SnackCo or another member of the SnackCo Group shall, as applicable in accordance with this Employee Matters Agreement, adopt, continue or, to the extent necessary, assume sponsorship of each SnackCo Benefit Plan, and the GroceryCo
Group shall use reasonable efforts to transfer or cause to be transferred to SnackCo all plan documents, trust agreements, insurance policies, administrative agreements, and other agreements and instruments reasonably required for the maintenance
and administration of the SnackCo Benefit Plans. To facilitate SnackCo’s establishment of the SnackCo Spinoff Plans, GroceryCo shall, prior to the Distribution, provide SnackCo with draft plan documents of the SnackCo Spinoff Plans for
SnackCo’s review and consideration, but such plan documents shall ultimately be the responsibility of SnackCo.
 (b)
Effective as of the Distribution, the SnackCo Group shall be exclusively responsible for administering each SnackCo Benefit Plan in accordance with its terms and for all obligations and liabilities with respect to the SnackCo Benefit Plans and all
benefits owed to participants in the SnackCo Benefit Plans, whether arising before, on or after the Distribution Date. Except as specifically provided herein, SnackCo shall not assume sponsorship, maintenance or administration of any Benefit Plan
that is not a SnackCo Benefit Plan or receive or assume any assets or liabilities in connection with any such Benefit Plan. 

(c) Effective as of the Distribution, the GroceryCo Group shall be exclusively responsible for administering each GroceryCo Benefit Plan
in accordance with its terms and for all obligations and liabilities with respect to the GroceryCo Benefit Plans and all benefits owed to participants in the GroceryCo Benefit Plans, whether arising before, on or after the Distribution Date.

 Section 2.4 Plan-Related Litigation. Notwithstanding anything herein to the contrary, the management of the defense of
all litigation related to the GroceryCo Benefit Plans and the SnackCo Benefit Plans shall be governed by Article VI of the Separation Agreement, and this Employee Matters Agreement shall govern the allocation of Liabilities related to any such
litigation. 
 Section 2.5 Vacation and Sick Pay. The SnackCo Group shall assume responsibility for accrued vacation and
sick pay and any other paid time off attributable to SnackCo Employees and Former SnackCo Business Employees (i.e., with respect to Former SnackCo Business Employees, for vacation, sick pay and other paid time off that has been accrued but
not cashed out) as of the Distribution Date, or Applicable Transfer Date. The GroceryCo Group shall assume responsibility for accrued vacation and sick pay and any other paid time off attributable to GroceryCo Employees and Former GroceryCo Business
Employees (i.e., with respect to Former GroceryCo Business Employees, for vacation, sick pay and other paid time off that has been accrued but not cashed out) as of the Distribution Date, or Applicable Transfer Date. 

  
 10 

 Section 2.6 Employee Transfers. Upon mutual agreement of GroceryCo and SnackCo, any
employee whose employment transfers within ninety (90) days after the Distribution Date from the SnackCo Group to the GroceryCo Group or from the GroceryCo Group to the SnackCo Group because they were inadvertently and erroneously treated as
employed by the wrong employer on the Distribution Date, and who was continuously employed by a member of the GroceryCo Group or the SnackCo Group (as applicable) from the Distribution Date through the date such employee commences active employment
with a member of the SnackCo Group or GroceryCo Group (as applicable) shall be a “Delayed Transfer Employee.” For purposes of this Employee Matters Agreement, the date on which a Delayed Transfer Employee actually commences
employment with the GroceryCo Group or the SnackCo Group (as applicable) is referred to as such individual’s “Applicable Transfer Date” and such Applicable Transfer Date shall, except as expressly provided herein and in
compliance with Law applicable to the Employee Plans, be treated as the Distribution Date for Delayed Transfer Employees where the Distribution Date is referenced in this Employee Matters Agreement. Notwithstanding anything herein to the contrary,
the mutual agreement with respect to, and Applicable Transfer Date of, any Delayed Transfer Employee must occur on or before ninety (90) days after the Distribution Date. For purposes of this Employee Matters Agreement, Delayed Transfer
Employees who transfer from the SnackCo Group to the GroceryCo Group are referred to as “GroceryCo Transferees” and Delayed Transfer Employees who transfer from the GroceryCo Group to the SnackCo Group are referred to as
“SnackCo Transferees”. 
 Section 2.7 Annual Bonuses. The SnackCo Group shall be solely responsible for
all annual bonuses earned by SnackCo Employees and Former SnackCo Business Employees (i.e., for accrued but unpaid bonuses for Former SnackCo Business Employees) with respect to periods ending on or after January 1, 2012. The
GroceryCo Group shall be solely responsible for all annual bonuses earned by GroceryCo Employees and Former GroceryCo Business Employees (i.e., for accrued but unpaid bonuses for Former GroceryCo Business Employees) with respect to periods
ending on or after January 1, 2012.
 Section 2.8 Seconded Employees. 

(a) Prior to the Distribution Date, the parties shall mutually agree to, and identify, the (i) employees the parties intend will
ultimately be employed by the SnackCo Group but who will be seconded to the GroceryCo Group immediately following the Distribution Date (“SnackCo Seconded Employees”), and (ii) employees the parties intend will ultimately be
employed by the GroceryCo Group but who will be seconded to the SnackCo Group immediately following the Distribution Date (“GroceryCo Seconded Employees” and, collectively with the SnackCo Seconded Employees, the “Seconded
Employees”). The period during which a GroceryCo 

  
 11 

 
Seconded Employee is performing services for SnackCo or a SnackCo Seconded Employee is performing services for GroceryCo is referred to herein as the “Temporary Employment
Period”. The Temporary Employment Period is intended to be a short-term assignment and shall not exceed two (2) years following the Distribution Date or such shorter time as agreed by the parties with respect to a particular Seconded
Employee. 
 (b) During the Temporary Employment Period, with respect to Seconded Employees, except as provided in
Section 2.8(c), (i) GroceryCo Seconded Employees shall receive base salary, bonuses, incentive awards, employee benefits and other terms and conditions of employment substantially similar to those of GroceryCo Employees at a similar level
and GroceryCo shall be solely responsible for all employment taxes with respect to the GroceryCo Seconded Employees, and (ii) SnackCo Seconded Employees shall receive base salary, bonuses, incentive awards, employee benefits and other terms and
conditions of employment substantially similar to those of SnackCo Employees at a similar level and SnackCo shall be solely responsible for all employment taxes with respect to the SnackCo Seconded Employees. GroceryCo shall provide SnackCo a
monthly invoice detailing the cash compensation, direct cost of employee benefits, and employment taxes paid with respect to the GroceryCo Seconded Employees it employed during the month, and SnackCo shall reimburse GroceryCo for such amounts within
sixty (60) days following receipt of such invoice. SnackCo shall provide GroceryCo a monthly invoice detailing the cash compensation, direct cost of employee benefits, and employment taxes paid with respect to the SnackCo Seconded Employees it
employed during the month, and GroceryCo shall reimburse SnackCo for such amounts within sixty (60) days following receipt of such invoice. Equity incentive awards, if any, shall be provided by GroceryCo to GroceryCo Seconded Employees and by
SnackCo to SnackCo Seconded Employees. 
 (c) During the Temporary Employment Period, SnackCo Seconded Employees who are not
United States citizens or residents will remain on the payroll systems of their home countries and receive base salary, bonuses, employee benefits and other terms and conditions substantially similar to those of employees employed by the same entity
at a similar level in their home countries. SnackCo shall provide GroceryCo a monthly invoice detailing the cash compensation, direct cost of employee benefits, and employment taxes paid with respect to such SnackCo Seconded Employees it employed
during the month, and GroceryCo shall reimburse SnackCo for such amounts within sixty (60) days following receipt of such invoice. 
 (d) Immediately following the end of the applicable Temporary Employment Period, the GroceryCo Group shall return each GroceryCo Seconded Employee and the SnackCo Group shall return each SnackCo Seconded
Employee to a position, in each case with substantially similar terms and conditions of employment as for similarly-situated employees of the GroceryCo Group or the SnackCo Group, respectively. In the event that the GroceryCo Group offers employment
to a SnackCo Seconded Employee or the SnackCo Group offers employment to a GroceryCo Seconded Employee immediately following the end of the applicable Temporary Employment Period, each such employee shall be treated as a newly hired employee of the
GroceryCo Group or the SnackCo Group, respectively, for Benefit Plan purposes. 

  
 12 

 Section 2.9 Certain Canadian Matters. Mondelez Canada Inc. and Kraft Canada Inc. have
entered into the Canadian Transfer Agreement addressing the parties’ respective rights and obligations with respect to certain of the matters addressed in this Employee Matters Agreement. Notwithstanding any other provision of this Employee
Matters Agreement to the contrary, (a) Article 6 of the Canadian Asset Transfer Agreement between Mondelez Canada Inc. and Kraft Canada Inc. shall govern the treatment of Canadian pension and benefits matters in lieu of Articles IV through VII
hereof, and (b) nothing in this Employee Matters Agreement shall effect, constitute or change the timing of (i) any transfer, assignment, conveyance or other disposition of, or any amendment, modification, supplement or other change of or
to, any right, title, interest or benefits in any Assets owned or held by Kraft Canada Inc., Mondelez Canada Inc., any of their direct or indirect Subsidiaries (including partnerships), or any trust or plan settled or established by any of the
foregoing, or (ii) any transfer, assumption, forgiveness or release of, or any amendment, modification, supplement or other change of or to, any Liabilities of Kraft Canada Inc., Mondelez Canada Inc., any of their direct or indirect
Subsidiaries (including partnerships), or any trust or plan settled or established by any of the foregoing. For greater certainty, Kraft Foods Options held by persons who are residents of Canada or who worked in Canada at any time since the date
that they were awarded a Kraft Foods Option shall be disposed of in exchange for SnackCo Options and GroceryCo Options as provided in Section 8.1(a)(i). 
 ARTICLE III 
 SERVICE CREDIT 

Section 3.1 Service Credit for Employee Transfers. The Benefit Plans shall provide the following service crediting rules effective
as of the Distribution Date: 
 (a) If a Delayed Transfer Employee becomes employed by a member of the SnackCo Group or
GroceryCo Group on or before ninety (90) days after the Distribution then such Delayed Transfer Employee’s service with the GroceryCo Group or the SnackCo Group (as applicable) following the Distribution shall be recognized for purposes of
eligibility, vesting and pension credit under the appropriate SnackCo Benefit Plans or GroceryCo Benefit Plans as appropriate, subject to the terms of those plans. 
 (b) If a former employee of the GroceryCo Group or the SnackCo Group (such Group, the “Original Group”) (whether or not a Delayed Transfer Employee) becomes employed by a member of the
other Group (such Group, the “Transferee Group”) either (i) later than ninety (90) days after the Distribution, or (ii) without having been continuously employed by a member of the Original Group from the Distribution
through the date such former employee commences active employment with a member of the Transferee Group, then the Benefit Plans of the Transferee Group shall only recognize for any purpose such individual’s service with the Original Group
before or after the Distribution to the extent required by Law or provided under the terms of the applicable Benefit Plan. If a former employee is rehired by his or her Original Group, then all such individual’s service shall be recognized by
the Benefit Plans of the Original Group to the extent required by Law or provided by the terms of the applicable Benefit Plan. 

  
 13 

 Section 3.2 SnackCo Benefit Plans. Subject to Section 3.1, from and after the
Distribution Date, or Applicable Transfer Date, SnackCo shall, and shall cause its Affiliates and successors to, provide credit under the SnackCo Benefit Plans to GroceryCo Employees who become employees of the SnackCo Group for their
pre-Distribution (or, as applicable, pre-Applicable Transfer Date) service with GroceryCo and its predecessors and Affiliates (including Kraft Foods Inc. and any of its Affiliates, the GroceryCo Group, and the SnackCo Group) for purposes of
determining eligibility for vacation/paid time-off, 5-year bonus week of paid time-off, service awards (for hourly employees) and short-term disability benefits consistent with the policies of Kraft Foods Inc. as of the date of this Employee Matters
Agreement; provided, however, that service shall not be recognized to the extent that such recognition would result in the duplication of benefits. 
 Section 3.3 GroceryCo Benefit Plans. Subject to Section 3.1, from and after the Distribution Date, or Applicable Transfer Date, GroceryCo shall, and shall cause its Affiliates and successors
to, provide credit under the GroceryCo Benefit Plans to SnackCo Employees who become employees of the GroceryCo Group for their pre-Distribution (or, as applicable, pre-Applicable Transfer Date) service with SnackCo and its predecessors and
Affiliates (including Kraft Foods Inc. and any of its Affiliates, the GroceryCo Group, and the SnackCo Group) for purposes of determining eligibility for vacation/paid time-off, 5-year bonus week of paid time-off, service awards (for hourly
employees) and short-term disability benefits consistent with the policies of Kraft Foods Inc. as of the date of this Employee Matters Agreement; provided, however, that service shall not be recognized to the extent that such
recognition would result in the duplication of benefits. 
 ARTICLE IV 

CERTAIN WELFARE BENEFIT PLAN MATTERS 
 Section 4.1 SnackCo Retained Welfare Plans. SnackCo shall cause a member of the SnackCo Group to retain, or to the extent necessary, assume sponsorship of, the Welfare Plans listed on Schedule
4.1 (the “SnackCo Retained Welfare Plans”) and take all necessary actions to continue contributions to the SnackCo Retained Benefit Plans that are multiemployer Welfare Plans. To the extent necessary, prior to the Distribution,
SnackCo shall cause a member of the SnackCo Group to assume sponsorship of the SnackCo Retained Welfare Plans. GroceryCo shall use reasonable efforts to transfer or cause to be transferred to a member of the SnackCo Group all plan documents, trust
agreements, insurance policies, administrative agreements and other agreements and instruments in the possession of the members of the GroceryCo Group that are reasonably required for the maintenance and administration of the SnackCo Retained
Welfare Plans. From and after the Distribution Date, the SnackCo Group shall be exclusively responsible for all obligations and liabilities with respect to the SnackCo Retained Welfare Plans, and all benefits owed to participants in the SnackCo
Retained Welfare Plans, whether accrued before, on or after the Distribution Date. 

  
 14 

 Section 4.2 SnackCo Spinoff Welfare Plans. Effective not later than the Distribution,
SnackCo or a member of the SnackCo Group shall establish certain welfare benefit plans (such plans, the “SnackCo Spinoff Welfare Plans”). Each SnackCo Spinoff Welfare Plan shall have terms and features (including benefit coverage
options and employer contribution provisions) that are substantially identical to one of the Benefit Plans listed on Schedule 4.2 (such Benefit Plans, the “Split Welfare Plans”) such that (for the avoidance of doubt) each
Split Welfare Plan is substantially replicated by a SnackCo Spinoff Welfare Plan. Each SnackCo Spinoff Welfare Plan shall assume all liability from the corresponding Split Welfare Plan with respect to, and shall provide benefits to, those SnackCo
Employees and Former Cadbury Employees and their respective Plan Payees who immediately prior to the Distribution were participating in, or entitled to present or future benefits under, the corresponding Split Welfare Plan. From and after the
Distribution Date, SnackCo and the SnackCo Group shall be solely and exclusively responsible for all obligations and liabilities with respect to, or in any way related to, the SnackCo Spinoff Welfare Plans, whether accrued before, on or after the
Distribution Date. 
 Section 4.3 Continuation of Elections. As of the Distribution Date, or Applicable Transfer Date,
SnackCo shall cause the SnackCo Spinoff Welfare Plans to recognize and maintain all elections and designations (including, without limitation, all coverage and contribution elections and beneficiary designations) in effect with respect to SnackCo
Employees and Former Cadbury Employees prior to the Distribution Date, or Applicable Transfer Date, under the corresponding Split Welfare Plan and apply such elections and designations under the SnackCo Spinoff Welfare Plans for the remainder of the
period or periods for which such elections or designations are by their original terms effective. 
 Section 4.4 Deductibles
and Other Cost-Sharing Provisions. As of the Distribution Date, or Applicable Transfer Date, SnackCo shall cause the SnackCo Spinoff Welfare Plans to recognize all amounts applied to deductibles, co-payments and out-of-pocket maximums with
respect to SnackCo Employees and Former Cadbury Employees under the corresponding Split Welfare Plan during the plan year in which the Distribution or Applicable Transfer Date occurs, and the SnackCo Spinoff Welfare Plans will not impose any
limitations on coverage for preexisting conditions other than such limitations as were applicable under the corresponding Split Welfare Plan prior to the Distribution Date or Applicable Transfer Date. 

Section 4.5 Flexible Spending Account Treatment. With respect to the portion of a Split Welfare Plan that consists of medical and
dependent care flexible spending accounts, as of the Distribution, SnackCo shall be solely responsible for all liabilities with respect to SnackCo Employees and Former Cadbury Employees, and the applicable SnackCo Spinoff Welfare Plan shall, as
required under Section 4.3, give effect to the elections of SnackCo Employees and Former Cadbury Employees (i.e., Former Cadbury Employees who elected “COBRA” with respect to their medical care flexible spending accounts) that
were in effect under the corresponding Split Welfare Plan as of the Distribution Date or Applicable Transfer Date. 

  
 15 

 Section 4.6 Workers’ Compensation. The SnackCo Group shall be solely responsible
for all United States (including its territories) workers’ compensation claims of (a) GroceryCo Employees and Former GroceryCo Business Employees with respect to Workers’ Compensation Events occurring before the Distribution Date, and
(b) SnackCo Employees and Former SnackCo Business Employees, regardless of when the Workers’ Compensation Events occur. The GroceryCo Group shall be solely responsible for all workers’ compensation claims of GroceryCo Employees with
respect to Workers’ Compensation Events occurring on or after the Distribution Date, except for claims that are defined by individual state workers’ compensation boards as “Cumulative Trauma” claims. Cumulative Trauma claims are
governed by Section 4.7(f) of the Separation Agreement. 
 ARTICLE V 

TAX-QUALIFIED DEFINED BENEFIT PLANS 
 Section 5.1 SnackCo Spinoff DB Plans. 
 (a) Effective as of the
Distribution Date, SnackCo or another member of the SnackCo Group shall assume certain defined benefit plans established effective September 1, 2012 that are intended to qualify under Code Section 401(a) or under Puerto Rico tax law, along
with a related master trust or trusts that is exempt under Code Section 501(a) (such plans and trusts, the “SnackCo Spinoff DB Plans”). Each SnackCo Spinoff DB Plan shall have terms and features (including benefit accrual
provisions) that are substantially identical to one of the Benefit Plans listed on Schedule 5.1(a) (such Benefit Plans, the “Split DB Plans”), such that (for the avoidance of doubt) each Split DB Plan is substantially
replicated by a corresponding SnackCo Spinoff DB Plan. Each SnackCo Spinoff DB Plan shall assume liability for all benefits accrued or earned (whether or not vested) by SnackCo Employees and Former Cadbury Employees and their respective Plan Payees
under the corresponding Split DB Plan as of the Distribution Date. SnackCo or a member of the SnackCo Group shall be solely responsible for taking all necessary, reasonable, and appropriate actions (including the submission of the SnackCo Spinoff DB
Plans to the Internal Revenue Service for a determination of Tax-qualified status) to establish, maintain and administer the SnackCo Spinoff DB Plans so that they are qualified under Section 401(a) of the Code and that the related trusts
thereunder are exempt under Section 501(a) of the Code. The portion of liabilities relating to SnackCo Employees and Former Cadbury Employees and their respective Plan Payees shall cease to be liabilities of the applicable Split DB Plan, and
shall be assumed by the corresponding SnackCo Spinoff DB Plan in accordance with this Section and Section 414(l) of the Code, Treasury Regulation Section 1.414(l)-1 and Section 208 of ERISA. 

(b) A master trust (the “SnackCo Master DB Trust”) has been established to hold the assets of the SnackCo Spinoff DB
Plans. The SnackCo Spinoff DB Plans that will participate in the SnackCo Master DB Trust effective as of the Distribution are specified on Schedule 5.1(b). Kraft Foods Inc. or a member of the SnackCo Group shall cause its actuary to determine
the estimated value, as of August 31, 2012, of the assets required to be held on behalf of each SnackCo SpinOff DB Plan in accordance with the assumptions and methodologies set forth in Treasury

  
 16 

 
Regulation Section 1.414(l)-1 and ERISA Section 4044 (the “Estimated Retirement Plan Transfer Amount” for each such plan). Prior to or as of the Distribution, GroceryCo
or a member of the GroceryCo Group shall cause the master trust for each Split DB Plan (the “GroceryCo Master DB Trust”) to transfer to the SnackCo Master DB Trust on behalf of each corresponding SnackCo Spinoff DB Plan an amount in
cash or in-kind equal to the Estimated Retirement Plan Transfer Amount for such plan, as adjusted for earnings based on actual earnings of the applicable Split DB Plan from September 1, 2012 through the actual date of transfer. 

(c) Within 12 months following the Distribution Date, GroceryCo or another member of the GroceryCo Group shall cause its actuary to
provide SnackCo with a revised calculation of the value, as of the Distribution of the assets to be transferred to each SnackCo Spinoff DB Plan determined in accordance with the assumptions and methodologies set forth in Treasury Regulation
Section 1.414(l)-1 and ERISA Section 4044 and reflecting any Delayed Transfer Employees and their respective Applicable Transfer Dates and any demographic updates (the “Final Retirement Plan Transfer Amount” for each such
SnackCo Spinoff DB Plan). Within 45 days of the receipt from the actuary of the determination of the Final Retirement Plan Transfer Amount (determined as of September 1, 2012), GroceryCo shall cause each Split DB Plan to transfer to the
corresponding SnackCo Spinoff DB Plan (the date of each such transfer, the “Final Transfer Date” for each such plan) an amount in cash or in kind equal to (i) the Final Retirement Plan Transfer Amount, minus (ii) the sum
of (A) the Estimated Retirement Plan Transfer Amount, and (B) the aggregate amount of payments made from the Split DB Plan to SnackCo Employees and Former Cadbury Employees and their respective Plan Payees in order to satisfy any benefit
obligation with respect to such participants following the Distribution, or Applicable Transfer Date for Delayed Transfer Employees, plus (iii) any payments made from a SnackCo Spinoff DB Plan to a GroceryCo Transferee prior to when such
GroceryCo Transferee transferred from the SnackCo Group to the GroceryCo Group (such amount, the “True-Up Amount”). However, if the True-Up Amount is a negative number with respect to any SnackCo Spinoff DB Plan, GroceryCo shall not
be required to cause any such additional transfer and instead SnackCo shall be required to cause a transfer of cash within 45 days of the receipt of written notification by SnackCo from such SnackCo Spinoff DB Plan to the corresponding Split DB Plan
of the amount by which the sum of clauses (ii)(A) and (B) above, minus the amount in (iii) above, exceeds the Final Retirement Plan Transfer Amount. The True-Up Amount or the amount described in the immediately-preceding sentence shall be
adjusted to reflect actual earnings or losses of the Master DB Trust from which the assets are being transferred from September 1, 2012 through the Final Transfer Date. The parties hereto acknowledge that the Split DB Plans’ transfer of
the True-Up Amount to the corresponding SnackCo Spinoff DB Plans shall be in full settlement and satisfaction of the obligations of GroceryCo and the Split DB Plans to transfer assets to the SnackCo Spinoff DB Plans pursuant to this Section. In the
event that SnackCo is obligated to cause any SnackCo Spinoff DB Plan to reimburse the corresponding Split DB Plan pursuant to this Section, such reimbursement or earnings calculation shall be performed in accordance with the same principles set
forth herein with respect to the payment of the True-Up Amount. 

  
 17 

 (d) From and after the Distribution Date, SnackCo and the members of the SnackCo Group shall
be solely and exclusively responsible for all obligations and liabilities with respect to, or in any way related to, the SnackCo Spinoff DB Plans, whether accrued before, on or after the Distribution Date. For the avoidance of doubt, the SnackCo
Spinoff DB Plans shall have the sole and exclusive obligation to restore the unvested accrued benefits attributable to any individual who becomes employed by a member of the SnackCo Group and whose employment with Kraft Foods Inc. or any of its
Affiliates or a member of the GroceryCo Group terminated on or before the Distribution at a time when such individual’s benefits under the Split DB Plan were not fully vested. Furthermore, the SnackCo Spinoff DB Plans shall have the sole
obligation to restore accounts attributable to any lost participants who were formerly employed in the SnackCo Business. 

Section 5.2 Continuation of Elections. As of the Distribution Date, or Applicable Transfer Date, SnackCo (acting directly or
through a member of the SnackCo Group) shall cause the SnackCo Spinoff DB Plans to recognize and maintain all existing elections, including beneficiary designations, payment form elections and rights of alternate payees under qualified domestic
relations orders with respect to SnackCo Employees and Former Cadbury Employees and their respective Plan Payees under the corresponding Split DB Plan. 
 ARTICLE VI 
 U.S. TAX-QUALIFIED DEFINED CONTRIBUTION PLANS 

Section 6.1 SnackCo Retained Defined Contribution Plans. Prior to the Distribution Date, SnackCo shall cause a member of the
SnackCo Group to retain or, to the extent necessary, assume sponsorship of the Cadbury Puerto Rico Savings Plan (and its related trust). GroceryCo shall use reasonable efforts to transfer or cause to be transferred to a member of the SnackCo Group
all plan documents, trust agreements, insurance policies, administrative agreements and other agreements and instruments in the possession of the members of the GroceryCo Group that are reasonably required for the maintenance and administration of
the Cadbury Puerto Rico Savings Plan. From and after the Distribution Date, the SnackCo Group shall be exclusively responsible for all obligations and liabilities with respect to the Cadbury Puerto Rico Savings Plan, all assets of the Cadbury Puerto
Rico Savings Plan, and all benefits owed to participants in the Cadbury Puerto Rico Savings Plan, whether accrued before, on or after the Distribution Date. GroceryCo will retain sponsorship of the Kraft Puerto Rico Savings Plan (collectively with
the Cadbury Puerto Rico Savings Plan, the “Puerto Rico Savings Plans”) and shall be responsible for all obligations and liabilities thereunder. In the event that a SnackCo Employee transfers employment to the GroceryCo Group or a
GroceryCo Employee transfers employment to the SnackCo Group before or on the Distribution Date, his or her account under the applicable Puerto Rico Savings Plan shall be transferred to the other Puerto Rico Savings Plan using the same principles as
specified in Section 6.2(c) below. 

  
 18 

 Section 6.2 SnackCo Spinoff DC Plans. 

(a) Effective as of the Distribution Date, SnackCo or another member of the SnackCo Group shall assume certain defined contribution plans
established effective September 1, 2012 that are intended to qualify under Code Section 401(a), and a related master trust or trusts exempt under Code Section 501(a) (such plans and trusts, the “SnackCo Spinoff DC
Plans”). Each SnackCo Spinoff DC Plan shall have terms and features (including employer contribution provisions) that are substantially identical to one of the Benefit Plans listed on Schedule 6.2(a) (such Benefit Plans, the
“Split DC Plans”) such that (for the avoidance of doubt) each Split DC Plan is substantially replicated by a corresponding SnackCo Spinoff DC Plan. SnackCo or a member of the SnackCo Group shall be solely responsible for taking all
necessary, reasonable, and appropriate actions (including the submission of the SnackCo Spinoff DC Plans to the Internal Revenue Service for a determination of Tax-qualified status) to establish, maintain and administer the SnackCo Spinoff DC Plans
so that they are qualified under Section 401(a) of the Code and that the related trusts thereunder are exempt under Section 501(a) of the Code. Each SnackCo Spinoff DC Plan shall assume liability for all benefits accrued or earned (whether
or not vested) by SnackCo Employees and Former Cadbury Employees and their respective Plan Payees under the corresponding Split DC Plan as of the Distribution Date or Applicable Transfer Date. 

(b) A master trust (the “SnackCo Master DC Trust”) has been established to hold the assets of the SnackCo Spinoff DC
Plans. The SnackCo Spinoff DC Plans that will participate in the SnackCo Master DC Trust effective as of the Distribution are specified on Schedule 6.2(b). Kraft Foods Inc. or a member of the SnackCo Group shall cause the assets required to
be held on behalf of each SnackCo SpinOff DC Plan to be transferred to the SnackCo Master DC Trust no later than the business day before the Distribution Date. All such asset transfers shall equal the account balances of the affected participants
and Plan Payees as of the Transfer Date and shall be in the same form of property as held under the trust for the applicable Split DC Plan. On or as soon as reasonably practicable following the Distribution Date or Applicable Transfer Date,
GroceryCo or another member of the GroceryCo Group shall cause each Split DC Plan to transfer to the applicable SnackCo Spinoff DC Plan, and SnackCo or another member of the SnackCo Group shall cause such SnackCo Spinoff DC Plan to accept the
transfer of, the accounts, liabilities and related assets in such Split DC Plan attributable to SnackCo Employees and Former Cadbury Employees and their respective Plan Payees. The transfer of assets shall be in cash or in kind (as determined by the
transferor) and include outstanding loan balances and amounts forfeited by Former Cadbury Employees that have not yet been reallocated or applied to the payment of contributions or expenses and be conducted in accordance with Code
Section 414(l) and Treasury Regulation Section 1.414(1)-1 and Section 208 of ERISA. 
 (c) On or as soon as
reasonably practicable following the Applicable Transfer Date (but not later than thirty (30) days thereafter), SnackCo or a member of the SnackCo Group shall cause the accounts, related liabilities, and related assets in the corresponding
SnackCo Spinoff DC Plan(s) attributable to any GroceryCo Transferees and their respective Plan Payees (including any outstanding loan balances) to be transferred in 

  
 19 

 
cash or in-kind (as determined by the transferor) in accordance with Code Section 414(l) and Treasury Regulation Section 1.414(l)-1 and Section 208 of ERISA to the applicable Split
DC Plan(s). GroceryCo or another member of the GroceryCo Group shall cause the applicable Split DC Plan(s) to accept such transfer of accounts, liabilities and assets. 
 (d) From and after the Distribution Date, except as specifically provided in paragraph (c) above, SnackCo and the SnackCo Group shall be solely and exclusively responsible for all obligations and
liabilities with respect to, or in any way related to, the SnackCo Spinoff DC Plans, whether accrued before, on or after the Distribution Date. For the avoidance of doubt, the SnackCo Spinoff DC Plans shall have the sole and exclusive obligation to
restore the unvested portion of any account attributable to any individual who becomes employed by a member of the SnackCo Group and whose employment with Kraft Foods Inc. or any of its Affiliates, or a member of the GroceryCo Group terminated on or
before the Distribution at a time when such individual’s benefits under the Split DC Plans were not fully vested. Furthermore, the SnackCo Spinoff DC Plans shall have the sole obligation to restore accounts attributable to any lost participants
who were formerly employed in the SnackCo Business. 
 Section 6.3 Continuation of Elections. As of the Distribution
Date, or Applicable Transfer Date, SnackCo (acting directly or through a member of the SnackCo Group) shall cause the SnackCo Spinoff DC Plans to recognize and maintain all elections, including investment and payment form elections, beneficiary
designations, and the rights of alternate payees under qualified domestic relations orders with respect to SnackCo Employees and Former Cadbury Employees and their respective Plan Payees under the corresponding Split DC Plan. 

Section 6.4 Contributions Due. All contributions payable to the Split DC Plans with respect to employee deferrals, matching
contributions and employer contributions for SnackCo Employees through the Distribution Date, determined in accordance with the terms and provisions of the Split DC Plans, ERISA and the Code, shall be paid by GroceryCo or another member of the
GroceryCo Group to the appropriate Split DC Plan prior to the date of any asset transfer described in Section 6.2. 

ARTICLE VII 

NONQUALIFIED RETIREMENT PLANS 
 Section 7.1 SnackCo Retained Nonqualified Plans. 
 (a) Prior to the
Distribution Date, SnackCo shall cause a member of the SnackCo Group to retain or, to the extent necessary, assume sponsorship of, the SnackCo Retained Nonqualified Plans set forth on Schedule 7.1(a) (the “SnackCo Retained
Nonqualified Plans”). GroceryCo shall use reasonable efforts to transfer or cause to be transferred to a member of the SnackCo Group all plan documents, administrative agreements and other agreements and instruments in the possession of the
members of the GroceryCo Group that are reasonably required for the maintenance and administration of the SnackCo Retained Nonqualified Plans. From and after the Distribution Date, the SnackCo Group shall be exclusively responsible for all
obligations and liabilities with respect to the SnackCo Retained Nonqualified Plans, and all benefits owed to participants in the SnackCo Retained Nonqualified Plans, whether accrued before, on or after the Distribution Date. 

  
 20 

 (b) GroceryCo shall cause to be transferred to SnackCo the applicable rabbi trusts
established to pay benefits under the SnackCo Retained Nonqualified Plans. 
 Section 7.2 SnackCo Spinoff Nonqualified
Plans. 
 (a) Effective as of the Distribution, SnackCo or another member of the SnackCo Group shall establish certain
nonqualified retirement plans (such plans, the “SnackCo Spinoff Nonqualified Plans”). Each SnackCo Spinoff Nonqualified Plan shall have terms and features (including employer contribution provisions) that are substantially identical
to one of the GroceryCo Benefit Plans listed on Schedule 7.2(a) (such plans, the “Split Nonqualified Plans”) such that (for the avoidance of doubt), each Split Nonqualified Plan is substantially replicated by a corresponding
SnackCo Spinoff Nonqualified Plan. SnackCo or a member of the SnackCo Group shall be solely responsible for taking all necessary, reasonable, and appropriate actions to establish, maintain and administer the SnackCo Spinoff Nonqualified Plans so
that they do not result in adverse Tax consequences under Code Section 409A. Each SnackCo Spinoff Nonqualified Plan shall assume liability for all benefits accrued or earned (whether or not vested) by SnackCo Employees and Former Cadbury
Employees and their respective Plan Payees under the corresponding Split Nonqualified Plan as of the Distribution Date. From and after the Distribution Date, SnackCo and the SnackCo Group shall be solely and exclusively responsible for all
obligations and liabilities with respect to, or in any way related to, the SnackCo Spinoff Nonqualified Plans, whether accrued before, on or after the Distribution Date. Furthermore, SnackCo and the SnackCo Group shall have the sole obligation to
restore in the SnackCo Spinoff Nonqualified Plans benefits under the Split Nonqualified Plans attributable to any lost participants who were formerly employed in the SnackCo Business. 

(b) Unless SnackCo and GroceryCo agree otherwise before the Distribution, prior to or on the Distribution Date, GroceryCo or another
member of the GroceryCo Group shall cause its actuary to determine the estimated value, as of the Distribution, of the amount of assets to be transferred from the rabbi trusts established to pay benefits under one or more of the Split Nonqualified
Plans (the “GroceryCo Rabbi Trusts”) to one or more trusts established or maintained by SnackCo as designated by SnackCo with respect to the SnackCo Spinoff Nonqualified Plans specified on Schedule 7.2(b) (the
“Initial Nonqualified Plan Transfer Amount”). The Initial Nonqualified Plan Transfer Amount shall be determined by an actuary selected by the GroceryCo Group. 
 (c) Within 12 months following the Distribution, GroceryCo or another member of the GroceryCo Group shall cause its actuary to provide SnackCo with a revised calculation of the value, as of the
Distribution, of the assets to be transferred with respect to each SnackCo Spinoff Nonqualified Plan specified on Schedule 7.2(b), as determined by the actuary selected by the GroceryCo Group, and reflecting any Delayed Transfer Employees and
their respective Applicable Transfer Dates and any demographic updates (the “Final Nonqualified Plan Transfer Amount” for each such plan). 

  
 21 

 Within 45 days of the receipt from the actuary of the determination of the Final
Nonqualified Plan Transfer Amount, GroceryCo shall cause the applicable GroceryCo Rabbi Trust to transfer to a trust specified by SnackCo (the date of each such transfer, the “Final Nonqualified Plan Transfer Date” for each such
plan) an amount in cash equal to (i) the Final Nonqualified Plan Transfer Amount, minus (ii) the sum of (A) the Initial Nonqualified Plan Transfer Amount and (B) the aggregate amount of payments made pursuant to the Split
Nonqualified Plan to SnackCo Employees, Delayed Transfer Employees and their respective Plan Payees in order to satisfy any benefit obligation with respect to such participants following the Distribution, or Applicable Transfer Date for Delayed
Transfer Employees, plus (iii) any payments made from a SnackCo Spinoff Nonqualified Plan specified on Schedule 7.2(b) to a Delayed Transfer Employee prior to when such Delayed Transfer Employee transferred from the SnackCo Group to the
GroceryCo Group (such amount the “Nonqualified Plan True-Up Amount”). However, if the Nonqualified Plan True-Up Amount is a negative number with respect to any SnackCo Spinoff Nonqualified Plan, GroceryCo shall not be required to
cause any such additional transfer and instead SnackCo shall be required to cause a transfer of cash within 45 days of the receipt of written notification by GroceryCo from the relevant SnackCo trust to the GroceryCo Rabbi Trust specified by
GroceryCo the amount by which the sum of clauses (ii)(A) and (B) above, minus the amount in (iii) above, exceeds the Final Nonqualified Plan Transfer Amount. The Nonqualified Plan True-Up Amount or the amount described in the
immediately-preceding sentence shall be adjusted to reflect earnings or losses using the same principles described in Section 5.1(c). The parties hereto acknowledge that the GroceryCo Rabbi Trusts’ transfer of the Nonqualified Plan True-Up
Amount to a SnackCo trust shall be in full settlement and satisfaction of the obligations of GroceryCo and the GroceryCo Rabbi Trusts to transfer assets to SnackCo or any SnackCo trust pursuant to this Section 7.2(c). 

(d) Except for individual grantor/secular trusts covering SnackCo Employees, no individual grantor/secular trusts shall be transferred to
SnackCo. 
 Section 7.3 General Foods Plan. GroceryCo shall retain sponsorship of, and shall be responsible for all
liabilities arising under, the General Foods Deferred Compensation Plan. The corporate-owned life insurance policies that fund benefit payments under such Plan shall remain the property of GroceryCo. 

Section 7.4 No Distributions on Separation. SnackCo and GroceryCo acknowledge that neither the Distribution nor any of the other
transactions contemplated by this Employee Matters Agreement, the Separation Agreement or the other Ancillary Agreements will trigger a payment or distribution of compensation under any Benefit Plan that is a nonqualified retirement plan for any
SnackCo Employee, GroceryCo Employee, former SnackCo Employee or Former GroceryCo Business Employee and, consequently, 

  
 22 

 
that the payment or distribution of any compensation to which any SnackCo Employee, GroceryCo Employee, former SnackCo Employee or Former GroceryCo Business Employee is entitled under any such
Benefit Plan will occur upon such individual’s separation from service from the SnackCo Group or the GroceryCo Group, as applicable, or at such other time as specified in the applicable Benefit Plan. 

Section 7.5 Section 409A. SnackCo and GroceryCo shall cooperate in good faith so that the Distribution will not result in
adverse Tax consequences under Code Section 409A to any current or former employee of any member of the SnackCo Group or any member of the GroceryCo Group, or their respective Plan Payees, in respect of his or her benefits under any SnackCo
Benefit Plan or GroceryCo Benefit Plan. 
 Section 7.6 Continuation of Elections. As of the Distribution Date, or
Applicable Transfer Date, SnackCo (acting directly or through a member of the SnackCo Group) shall cause each SnackCo Spinoff Nonqualified Plan to recognize and maintain all elections, including deferral, investment and payment form elections,
beneficiary designations, and the rights of alternate payees under qualified domestic relations orders with respect to SnackCo Employees and their Plan Payees under the corresponding Split Nonqualified Plan. 

Section 7.7 Delayed Transfer Employees. Any SnackCo Transferee shall be treated in the same manner as a SnackCo Employee under
this Article VII. As indicated in Section 2.6, such a SnackCo Transferee’s Applicable Transfer Date shall be treated as the Distribution Date. In addition, the GroceryCo Group shall assume and be solely responsible, pursuant to the terms
of the applicable Split Nonqualified Plan, for any benefits accrued by any GroceryCo Transferee under any SnackCo Spinoff Nonqualified Plan, and the SnackCo Group shall have no liability with respect thereto. 

Section 7.8 Kraft Foods Inc. Directors’ Plans. Kraft Foods Inc. has adopted the 2001 Kraft Foods Inc. Compensation Plan for
Non-Employee Directors, the Kraft Foods Inc. 2001 Stock Compensation Plan for Non-Employee Directors, the Kraft Foods Inc. 2006 Stock Compensation Plan for Non-Employee Directors and the Kraft Foods Inc. Amended and Restated 2006 Stock Compensation
Plan for Non-Employee Directors (collectively, the “Kraft Foods Director Plans”). Effective as of the Distribution Date, GroceryCo shall assume, under corresponding GroceryCo director plans, the accrued liability for deferred
amounts under the Kraft Foods Director Plans with respect to each GroceryCo Director. Except as otherwise provided in Section 8.9, as soon as practicable following the Distribution Date, SnackCo shall pay to GroceryCo an amount equal to such
accrued liability (as determined for financial reporting purposes as of the close of business on the Distribution Date). 

  
 23 

 ARTICLE VIII 
 KRAFT FOODS EQUITY COMPENSATION AWARDS 
 Section 8.1 Outstanding Kraft
Foods Equity Compensation Awards. 
 (a) Each Kraft Foods Equity Compensation Award that is outstanding as of the
Distribution Date shall be adjusted as described below, so that each holder of a Kraft Foods Equity Compensation Award shall hold adjusted equity awards with respect to either a GroceryCo Equity Compensation Award, a SnackCo Equity Compensation
Award or both; provided, however, that, effective immediately prior to the Distribution, the Human Resources and Compensation Committee of the Board of Directors of Kraft Foods Inc. may provide for different adjustments with respect to
some or all of a holder’s Kraft Foods Equity Compensation Awards. For greater certainty, any adjustments made by the Human Resources and Compensation Committee of the Board of Directors of Kraft Foods Inc. shall be deemed incorporated by
reference herein as if fully set forth below and shall be binding on the parties hereto and their respective Subsidiaries. 
 (i) Each Kraft Foods Option or Kraft Foods SAR generally shall be adjusted in the manner described below, effective as of the Distribution Date and immediately prior to the Distribution, so that each
Kraft Foods Option and Kraft Foods SAR holder, respectively, shall hold SnackCo Options (or SnackCo SARs) and GroceryCo Options (or GroceryCo SARs) in lieu of the Kraft Foods Options (or Kraft Foods SARs) previously held. The following procedure
shall generally be applied to each Kraft Foods Option (or Kraft Foods SAR) with the same grant date and exercise price held by each Kraft Foods Option (or Kraft Foods SAR) holder as of the Distribution Date. For the avoidance of doubt, the term
“exercise price” refers to the amount payable by an option holder in order to acquire shares pursuant to a stock option award and to the base share value from which the amount of appreciation due to a stock appreciation right holder upon
exercise of such stock appreciation right shall be measured: 
 (A) The SnackCo Option or SnackCo SAR shall have
an exercise price equal to the SnackCo Price multiplied by the Option Conversion Ratio. The number of SnackCo Options or SnackCo SARs shall equal the number of Kraft Foods Options or Kraft Foods SARs to which they relate. Such SnackCo Options and
SnackCo SARs shall be subject to the same vesting requirements and dates and other terms and conditions as the Kraft Foods Options or Kraft Foods SARs to which they relate. 

(B) The GroceryCo Options and GroceryCo SARs shall have an exercise price equal to the GroceryCo Price multiplied by the
Option Conversion Ratio. The number of GroceryCo Options and GroceryCo SARs shall equal the number of Kraft Foods Options or Kraft Foods SARs, as applicable, multiplied by the Distribution Ratio, rounded down to the nearest whole option or stock
appreciation right, as applicable. Such GroceryCo Options and GroceryCo SARs shall be subject to the same vesting requirements and dates and other terms and conditions as the Kraft Foods Options or Kraft Foods SARs to which they relate. 

  
 24 

 (C) If the resulting aggregate Intrinsic Value of the SnackCo Options or
SnackCo SARs and GroceryCo Options or GroceryCo SARs is less than the Intrinsic Value of the corresponding Kraft Foods Options or Kraft Foods SARs, as the case may be, then the difference shall be paid to the option holder in cash, less any
applicable taxes, as soon as practicable following the Distribution Date. If the resulting aggregate Intrinsic Value of the SnackCo Options or SnackCo SARs and GroceryCo Options or GroceryCo SARs, as the case may be, is greater than the Intrinsic
Value of the Kraft Foods Options or Kraft Foods SARs, as the case may be, then the number of GroceryCo Options or GroceryCo SARs shall be reduced until the aggregate Intrinsic Value of the SnackCo Options or Snack Co SARs and GroceryCo Options or
GroceryCo SARs is less than or equal to the Intrinsic Value of the Kraft Foods Options or Kraft Foods SARs, as the case may be, and any difference shall be paid to the option or stock appreciation right holder in cash, less any applicable taxes, as
soon as practicable following the Distribution Date. Notwithstanding the foregoing, if the Intrinsic Value of the SnackCo Options or SnackCo SARs is negative, only Section 8.1(a)(i)(B) shall be applied. The cash payment described above shall be
made by SnackCo to individuals who are SnackCo Employees on the Distribution Date and by GroceryCo to all other holders. Notwithstanding the foregoing, no cash shall be paid to an option or stock appreciation right holder if Canadian tax would be
payable by the holder as a result of such cash payment. 
 (ii) With respect to Kraft Foods Restricted Shares and
Kraft Foods Deferred Stock Units: 
 (A) Each holder of Kraft Foods Restricted Shares will generally receive
from GroceryCo, as of the time of the Distribution Date and immediately prior to the Distribution, GroceryCo Restricted Shares determined in the same manner as for other shareholders of Kraft Foods Common Stock based on the Distribution Ratio,
rounded down to the nearest whole number of shares, with the value of any fractional share paid to the grantee in cash, less any applicable taxes, as soon as practicable following the Distribution Date (with such cash payment to be made by SnackCo
to individuals who are SnackCo Employees on the Distribution Date and by GroceryCo to all other holders). Notwithstanding the foregoing, (I) each holder of Kraft Foods Restricted Shares who is resident outside of the United States or who is
employed outside of the United States at the time of the Distribution will generally receive from GroceryCo GroceryCo Deferred Stock Units, in lieu of GroceryCo Restricted Stock, as provided in Section 8.1(a)(ii)(B); and (II) no cash shall be
paid to a holder of Kraft Foods Restricted Shares if Canadian tax would be payable by the holder as a result of such cash payment. Such GroceryCo Restricted Shares shall be subject to the same vesting

  
 25 

 
requirements and dates and other terms and conditions as the Kraft Foods Restricted Shares to which they relate (including the right to receive dividends or other distributions paid on GroceryCo
Common Stock). Each Kraft Foods Restricted Share shall continue to be one SnackCo Restricted Share which shall be subject to the same vesting requirements and dates and other terms and conditions as the Kraft Foods Restricted Shares to which it
relates. 
 (B) Each holder of Kraft Foods Deferred Stock Units will generally receive from GroceryCo, as of the
time of the Distribution Date and immediately prior to the Distribution, GroceryCo Deferred Stock Units, determined in the same manner as for shareholders of Kraft Foods Common Stock based on the Distribution Ratio, rounded down to the nearest whole
number of shares, with the value of any fractional share paid to the grantee in cash, less any applicable taxes, as soon as practicable following the Distribution Date (with such cash payment to be made by SnackCo to individuals who are SnackCo
Employees on the Distribution Date and by GroceryCo to all other holders). Notwithstanding the foregoing, no cash shall be paid to a holder of Kraft Foods Deferred Stock Units if (I) Canadian tax would be payable by the holder as a result of
such cash payment, or (II) the holder is subject to U.S. federal income tax on the deferred stock units as of the Distribution Date and has attained normal retirement age (within the meaning of the Kraft Foods Deferred Stock Units agreement) or will
attain normal retirement age before the GroceryCo Deferred Stock Units become payable (or any other individual who holds Kraft Foods Deferred Stock Units that are subject to Code Section 409A). All GroceryCo Deferred Stock Units shall be
subject to the same vesting requirements and dates and other terms and conditions as the Kraft Foods Deferred Stock Units to which they relate (including the right to be credited with dividends or other distributions paid on GroceryCo Common Stock).
Each Kraft Foods Deferred Stock Unit shall continue to be a SnackCo Deferred Stock Unit which shall be subject to the same vesting requirements and dates and other terms and conditions as the Kraft Foods Deferred Stock Unit to which it relates.

 (iii) With respect to Kraft Foods Performance Shares: 

(A) An outstanding Kraft Foods Performance Share that, as of the Distribution Date, is held by any GroceryCo Employee,
shall be converted to a GroceryCo Performance Share. Each GroceryCo Performance Share shall be adjusted into a performance share award with respect to GroceryCo Common Stock. The adjustment of the number of target shares will be determined by
multiplying the target number of Kraft Foods Performance Shares by the fraction with the numerator equal to the Kraft Foods Pre-Adjustment Price and the denominator equal to the average of the closing stock price of GroceryCo Common Stock as
reported on the NASDAQ Global Select Market for five consecutive trading days beginning with the first trading day after the Distribution Date rounded down to the nearest whole number of shares. The performance criteria applicable to any GroceryCo
Performance Shares shall also be adjusted as determined by the Compensation Committee of GroceryCo’s Board of Directors to reflect the Distribution. 

  
 26 

 (B) An outstanding Kraft Foods Performance Share that, as of the
Distribution Date, is held by any SnackCo Employee, shall be converted to a SnackCo Performance Share. Each SnackCo Performance Share shall be adjusted into a performance share award with respect to SnackCo Common Stock. The adjustment of the number
of target shares will be determined by multiplying the target number of Kraft Foods Performance Shares by the fraction with the numerator equal to the Kraft Foods Pre-Adjustment Price and the denominator equal to the average of the closing stock
price of SnackCo Common Stock as reported on the NASDAQ Global Select Market for five consecutive trading days beginning with the first trading day after the Distribution Date rounded down to the nearest whole number of shares. The performance
criteria applicable to any SnackCo Performance Shares shall also be adjusted as determined by the Human Resources and Compensation Committee of SnackCo’s Board of Directors to reflect the Distribution. 

(b) In the event a change in control (as defined in the applicable equity incentive plan or award agreement) occurs with respect to
GroceryCo, then (i) any accelerated vesting and/or exercisability applicable to GroceryCo Equity Compensation Awards held by GroceryCo Employees and Former GroceryCo Business Employees shall apply to the SnackCo Equity Compensation Awards then
held by such individuals, and (ii) all GroceryCo Equity Compensation Awards then held by SnackCo Employees and Former SnackCo Business Employees shall fully vest (and, to the extent applicable, become exercisable). In the event a change in
control (as defined in the applicable equity incentive plan or award agreement) occurs with respect to SnackCo, then (i) any accelerated vesting and/or exercisability applicable to SnackCo Equity Compensation Awards held by SnackCo Employees
and Former SnackCo Business Employees shall apply to the GroceryCo Equity Compensation Awards then held by such individuals, and (ii) all SnackCo Equity Compensation Awards then held by GroceryCo Employees and Former GroceryCo Business
Employees shall fully vest (and, to the extent applicable, become exercisable). 
 (c) Prior to the Distribution Date, GroceryCo
shall establish equity compensation plans, so that upon the Distribution, GroceryCo shall have in effect an equity compensation plan containing substantially the same terms as each original Kraft Foods Inc. equity compensation plan under which any
GroceryCo Equity Compensation Award or GroceryCo Performance Share was granted. From and after the Distribution Date, each GroceryCo Equity Compensation Award and GroceryCo Performance Share shall be subject to the terms of the applicable GroceryCo
equity compensation plan, the award agreement governing such GroceryCo Equity Compensation Award or GroceryCo Performance Share and any Employment Agreement to which the applicable holder is a party. From and after the Distribution Date, GroceryCo
shall retain, pay, perform, fulfill and discharge all Liabilities arising out of or relating to the GroceryCo Equity Compensation Awards. 

  
 27 

 (d) In all events, the adjustments provided for in this Section 8.1 shall be made in a
manner that, as determined by Kraft Foods Inc., avoids adverse Tax consequences to holders under Code Section 409A. 

Section 8.2 Tax Withholding, Reporting and Deductions. 
 (a) The appropriate member of the SnackCo Group shall be responsible for all payroll taxes, withholding and reporting with respect to SnackCo Equity Compensation Awards and GroceryCo Equity Compensation
Awards held by SnackCo Employees and Former SnackCo Business Employees. The appropriate member of the GroceryCo Group shall be responsible for all payroll taxes, withholding and reporting with respect to SnackCo Equity Compensation Awards and
GroceryCo Equity Compensation Awards held by GroceryCo Employees and Former GroceryCo Business Employees. SnackCo and GroceryCo hereby designate the other party as an agent for withholding pursuant to IRS Revenue Procedure 70-6 and to accept such
designation to effectuate the intent of this Section 8.2(a). Notwithstanding the foregoing, to the extent any non-United States jurisdiction requires a different withholding methodology or requires a different party to withhold applicable
taxes, such withholdings shall be effected in accordance with applicable local law. 
 (b) With respect to the SnackCo Equity
Compensation Awards and GroceryCo Equity Compensation Awards held by SnackCo Employees or Former SnackCo Business Employees, the appropriate member of the SnackCo Group shall claim any federal, state and/or local tax deductions after the
Distribution Date, and no member of the GroceryCo Group shall claim any such deductions. With respect to the SnackCo Equity Compensation Awards and GroceryCo Equity Compensation Awards held by GroceryCo Employees or Former GroceryCo Business
Employees, the appropriate member of the GroceryCo Group shall claim any federal, state and/or local tax deductions after the Distribution Date, and no member of the SnackCo Group shall claim any such deductions. If either SnackCo or GroceryCo
determines in its reasonable judgment that there is a substantial likelihood that a tax deduction that was assigned to the SnackCo Group or the GroceryCo Group pursuant to this Section 8.2(b) will instead be available only to the other party
(whether as a result of a determination by the Internal Revenue Service or another tax authority, a change in the Code or the regulations or guidance thereunder, or otherwise), it shall notify the other party and both parties will negotiate in good
faith to resolve the issue in accordance with the following principle: the party entitled to the deduction shall pay to the other party an amount that places the other party in a financial position equivalent to the financial position the party
would have been in had the party received the deduction as intended under this Section 8.2(b). Such amount shall be paid within ninety (90) days after filing the last tax return necessary to make the determination described in the
preceding sentence. 
 (c) If SnackCo or GroceryCo determines in its reasonable judgment that any action required under this
Article VIII will not achieve the intended tax, accounting and legal results, including, without limitation, the intended results under Code Section 409A or FASB ASC Topic 718 – Stock Compensation, then at the request of SnackCo or
GroceryCo, as applicable, SnackCo and GroceryCo shall mutually cooperate in taking such actions as are necessary or appropriate to achieve such results, or most nearly achieve such results if the originally-intended results are not fully attainable.

  
 28 

 Section 8.3 Employment Treatment. 

(a) Continuous employment with the GroceryCo Group and the SnackCo Group following the Distribution Date shall be deemed to be continuing
service for purposes of vesting and exercisability for the GroceryCo Equity Compensation Awards and the SnackCo Equity Compensation Awards. However, in the event that a GroceryCo Employee terminates employment after the Distribution Date and becomes
employed by the SnackCo Group, for purposes of Article VIII, the GroceryCo Employee shall be deemed terminated and the terms and conditions of the applicable performance incentive plan under which grants were made shall apply. Similarly, in the
event that a SnackCo Employee terminates employment after the Distribution Date and becomes employed by the GroceryCo Group, for purposes of Article VIII, the SnackCo Employee shall be deemed terminated and the terms and conditions of the
performance incentive plan under which grants were made shall apply. Notwithstanding the foregoing, for purposes of this Article VIII only, if an individual is, by mutual agreement between the parties, scheduled to transfer employment shortly after
the Distribution Date between the GroceryCo Group and the SnackCo Group, such individual shall be treated as employed as of the Distribution Date and thereafter by the entity to which he or she is scheduled to transfer. In addition, a non-employee
member of the board of directors of SnackCo or GroceryCo shall be treated in a similar manner to that described in this Section 8.3(a). 
 (b) If, after the Distribution Date, SnackCo or GroceryCo identifies an administrative error in the individuals identified as holding SnackCo Equity Compensation Awards and GroceryCo Equity Compensation
Awards, the amount of such awards so held, the vesting level of such awards, or any other similar error, SnackCo and GroceryCo shall mutually cooperate in taking such actions as are necessary or appropriate to place, as nearly as reasonable
practicable, the individual and SnackCo and GroceryCo in the position in which they would have been had the error not occurred. 

Section 8.4 Payment of Option Exercise Prices. Upon the exercise of a SnackCo Option or a GroceryCo Option, the exercise price of
such stock option shall be remitted in cash by the option administrator to the issuer of the option (the appropriate member of the SnackCo Group or the GroceryCo Group, as applicable) and the applicable withholding taxes shall be remitted in cash by
the option administrator to the entity (the appropriate member of the SnackCo Group or the GroceryCo Group, as applicable) responsible for payroll taxes, withholding and reporting with respect to the option pursuant to Section 8.2. Upon vesting
or payment, as applicable, of restricted stock or deferred stock units, the applicable withholding shall be remitted in cash by the administrator to the entity (the appropriate member of the SnackCo Group or the GroceryCo Group, as applicable)
responsible for payroll taxes, withholding and reporting with respect to such awards pursuant to Section 8.2. To the extent necessary to provide the withholding amount in cash to the entity responsible for payroll taxes, withholding, and
reporting, the issuer of the applicable award shall provide the withholding amount in cash. Notwithstanding the foregoing, the method of remittance of the exercise price of any stock option or any applicable withholding taxes may vary for legal or
administrative reasons. 

  
 29 

 Section 8.5 Dividends/Dividend Equivalents. With respect to dividends on GroceryCo
Restricted Shares or dividend equivalents on GroceryCo Deferred Stock Units payable by GroceryCo to a SnackCo Employee, GroceryCo shall make such payments to SnackCo, and SnackCo, as an agent for GroceryCo, shall make such payments to such SnackCo
Employees and shall be responsible for payroll taxes, withholding and reporting in accordance with Section 8.2(a). With respect to dividends on SnackCo Restricted Shares or dividend equivalents on SnackCo Deferred Stock Units payable by SnackCo
to a GroceryCo Employee, SnackCo shall make such payments to GroceryCo, and GroceryCo, as an agent for SnackCo, shall make such payments to such GroceryCo Employees and shall be responsible for payroll taxes, withholding and reporting in accordance
with Section 8.2(a). 
 Section 8.6 Equity Award Administration. GroceryCo and SnackCo agree that UBS Financial
Services Inc. shall be the administrator and recordkeeper for the GroceryCo and SnackCo Equity Compensation Awards outstanding as of the Distribution for the life of the relevant awards, unless the parties mutually agree otherwise. 

Section 8.7 Forfeiture-Related Payments. 
 (a) As soon as practicable following the Distribution Date, SnackCo shall pay to GroceryCo the Fair Value of the GroceryCo Options held by individuals who are SnackCo Employees or Former SnackCo Business
Employees and GroceryCo shall pay to SnackCo the Fair Value of the SnackCo Options held by GroceryCo Employees and Former GroceryCo Business Employees. The parties shall settle the obligations of the preceding sentence in cash on a net basis such
that the party required to pay the greater amount to the other shall pay the difference between the two amounts to the other. 

(b) As soon as practicable following the Distribution Date, SnackCo shall pay to GroceryCo the value of the GroceryCo Deferred Stock
Units and GroceryCo Restricted Shares held by individuals who are SnackCo Employees or Former SnackCo Business Employees and GroceryCo shall pay to SnackCo the value of the SnackCo Deferred Stock Units and SnackCo Restricted Shares held by
individuals who are GroceryCo Employees or Former GroceryCo Business Employees. The parties shall settle the obligations of the preceding sentence in cash on a net basis such that the party required to pay the greater amount to the other shall pay
the difference between the two amounts to the other. For purposes of this Section 8.7(b), the value of the GroceryCo Deferred Stock Units, GroceryCo Restricted Shares, SnackCo Deferred Stock Units and SnackCo Restricted Shares shall be
determined based on the GroceryCo Price and the SnackCo Price, respectively, reduced by assumed forfeitures based on the assumptions used for FASB ASC Topic 718 – Stock Compensation purposes in Kraft Foods Inc.’s most recent quarterly or
annual financial reporting prepared before the Distribution Date for forfeitures of Kraft Foods Deferred Stock Units and Kraft Foods Restricted Shares, as applicable. 

  
 30 

 Section 8.8 Registration. GroceryCo shall register the GroceryCo Common Stock
relating to the GroceryCo Equity Compensation Awards and make any necessary filings with the appropriate Governmental Authorities as required under U.S. and foreign securities Laws. 

Section 8.9 Non-Employee Directors’ Stock Units. 
 (a) Any stock units granted to non-employee directors under any of the Kraft Foods Director Plans and outstanding immediately prior to the Distribution shall be adjusted on the Distribution Date in
substantially the same manner as Kraft Foods Deferred Stock Units are adjusted under Section 8.1(a)(ii)(B); provided, that the number of such units shall be rounded down to the nearest whole number of shares (with no cash paid for any
fractional share). In all events, the adjustments provided for in this Section 8.9 shall be made in a manner that, as determined by Kraft Foods Inc., avoids adverse Tax consequences under Code Section 409A. 

(b) For purposes of this Employee Matters Agreement, each non-employee member of the Board of Directors of Kraft Foods Inc. prior to the
Distribution Date who is a non-employee member of the Board of Directors of GroceryCo on the Distribution Date shall be a “GroceryCo Director” and each other non-employee member of the Board of Directors of Kraft Foods Inc. prior to
the Distribution Date shall be a “SnackCo Director”. With respect to dividend equivalents on GroceryCo stock units payable by GroceryCo to a SnackCo Director, GroceryCo shall make such payments to SnackCo, and SnackCo, as an agent
for GroceryCo, shall make such payments to such SnackCo Directors and shall be responsible for tax reporting of such amounts. With respect to dividend equivalents on SnackCo stock units payable by SnackCo to a GroceryCo Director, SnackCo shall make
such payments to GroceryCo, and GroceryCo, as an agent for SnackCo, shall make such payments to such GroceryCo Directors and shall be responsible for tax reporting of such amounts. 

(c) Prior to the Distribution Date, GroceryCo shall establish a plan or plans for non-employee directors, so that upon the Distribution,
GroceryCo shall have in effect a plan for non-employee directors containing substantially the same terms as each original Kraft Foods Inc. stock compensation plan under which any Kraft Foods Inc. stock unit award that is converted into a GroceryCo
stock unit award was granted. From and after the Distribution Date, each GroceryCo stock unit award shall be subject to the terms of the applicable GroceryCo plan for non-employee directors and the award agreement governing such GroceryCo award.
From and after the Distribution Date, GroceryCo shall retain, pay, perform, fulfill and discharge all Liabilities arising out of or relating to the GroceryCo stock units awards for non-employee directors. 

(d) At the time that any SnackCo stock units held by a GroceryCo Director become distributable pursuant to the terms of the applicable
SnackCo non-employee director plan, GroceryCo shall pay to SnackCo the value of such stock units, determined using the closing price of SnackCo Common Stock on the NASDAQ Global Select Market on the date of such distribution. At the time that any
GroceryCo stock units held by a SnackCo Director become distributable pursuant to the terms of the applicable GroceryCo non-employee director plan, SnackCo shall pay to GroceryCo the value of such units, determined using the closing price of
GroceryCo Common Stock on the NASDAQ Global Select Market on the date of such distribution. 

  
 31 

 ARTICLE IX 
 BENEFIT PLAN REIMBURSEMENTS, BENEFIT PLAN THIRD-PARTY CLAIMS 
 Section 9.1
General Principles. From and after the Distribution Date, any services that a member of the GroceryCo Group shall provide to the members of the SnackCo Group or that a member of the SnackCo Group shall provide to the members of the GroceryCo
Group relating to any Benefit Plans shall be set forth in the Transition Services Agreements (and, to the extent provided therein, a member of the GroceryCo Group or the SnackCo Group shall provide administrative services referred to in this
Employee Matters Agreement). 
 Section 9.2 Benefit Plan Third-Party Claims. 

(a) In the event of any conflict or inconsistency between the following provision on the one hand, and the Separation Agreement or any of
the Ancillary Agreements on the other hand, the following provision shall control over the inconsistent provisions to the extent of the inconsistency: 
 If a Third-Party Claim relates solely to the Benefit Plan of the Indemnifying Party, GroceryCo and SnackCo shall take all actions necessary to substitute the Indemnifying Party and/or the relevant Benefit
Plan of the Indemnifying Party as the proper party for such Third-Party Claim. If the Third-Party Claim relates to both a GroceryCo Benefit Plan and a SnackCo Benefit Plan, GroceryCo and SnackCo shall take all actions necessary to separate or
otherwise partition the Third-Party Claim so as to allow each party to solely defend the claim relating to its own Benefit Plan (unless the parties mutually agree that such a separation or partition is unnecessary or inadvisable). If the Third-Party
Claim cannot be transferred to the Indemnifying Party or separated or partitioned so as to allow each party to solely defend the claim relating to its own Benefit Plan, then SnackCo shall defend the Third-Party Claim and GroceryCo may elect to
participate in (but not control) the defense, compromise, or settlement of any such Third-Party Claim at its own expense. 

ARTICLE X 

INDEMNIFICATION 
 Section 10.1 Indemnification. All Liabilities retained or assumed by or allocated to GroceryCo or the GroceryCo Group pursuant to this Employee Matters Agreement shall be deemed to be GroceryCo
Liabilities for purposes of Article V of the Distribution Agreement, and all Liabilities retained or assumed by or allocated to SnackCo or the SnackCo Group pursuant to this Employee Matters Agreement shall be deemed to be SnackCo Liabilities for
purposes of Article V of the Distribution Agreement. 

  
 32 

 ARTICLE XI 
 COOPERATION 
 Section 11.1 Cooperation. Following the date of this
Employee Matters Agreement, SnackCo and GroceryCo shall, and shall cause their respective Subsidiaries, agents and vendors to, use reasonable best efforts to cooperate with respect to any employee compensation, benefits or human resources systems
matters that SnackCo or GroceryCo, as applicable, reasonably determines require the cooperation of both SnackCo and GroceryCo in order to accomplish the objectives of this Employee Matters Agreement. Without limiting the generality of the preceding
sentence, (a) SnackCo and GroceryCo shall cooperate in coordinating each of their respective payroll systems in connection with the transfers of SnackCo Employees to the SnackCo Group and the Distribution, (b) GroceryCo shall transfer
records to SnackCo as reasonably necessary for the proper administration of SnackCo Benefit Plans, to the extent such records are in GroceryCo’s possession, (c) SnackCo and GroceryCo shall share, with each other and their respective agents
and vendors (without obtaining releases), all participant information necessary for the efficient and accurate administration of the Benefit Plans, and (d) SnackCo and GroceryCo shall share such information as is necessary to administer equity
awards pursuant to Article VIII, to provide any required information to holders of such equity awards, and to make any governmental filings with respect thereto. 
 ARTICLE XII 
 MISCELLANEOUS 

Section 12.1 Vendor Contracts. Prior to the Distribution, SnackCo and GroceryCo shall use reasonable best efforts to
(a) negotiate with the current Third Party providers to separate and assign the applicable rights and obligations under each group insurance policy, health maintenance organization, administrative services contract, Third Party administrator
agreement, letter of understanding or arrangement that pertains to one or more SnackCo Benefit Plans and one or more GroceryCo Benefit Plans (each, a “Vendor Contract”) to the extent that such rights or obligations pertain to
SnackCo Employees and Former SnackCo Business Employees and their respective Plan Payees or, in the alternative, to negotiate with the current Third Party providers to provide substantially similar services to the SnackCo Benefit Plans on
substantially similar terms under separate contracts with SnackCo or the SnackCo Benefit Plans, and (b) to the extent permitted by the applicable Third Party provider, obtain and maintain pricing discounts or other preferential terms under the
Vendor Contracts. 
 Section 12.2 Further Assurances. Prior to the Distribution, if either party identifies any
commercial or other service that is needed to ensure a smooth and orderly transition of its business in connection with the consummation of the transactions contemplated hereby, and that is not otherwise governed by the provisions of this Employee
Matters Agreement, the parties will cooperate in determining whether there is a mutually acceptable arm’s-length basis on which the other party will provide such service. 
 Section 12.3 Employment Taxes Withholding Reporting Responsibility. GroceryCo and SnackCo hereby agree to follow the standard procedure for United States

  
 33 

 
employment Tax withholding as provided in Section 4 of Rev. Proc. 2004-53, I.R.B. 2004-35. GroceryCo shall withhold and remit all employment taxes for the last payroll date preceding the
Distribution Date with respect to all current and former employees of SnackCo and GroceryCo who receive wages on such payroll date. 
 Section 12.4 Data Privacy. The parties agree that any applicable data privacy Laws and any other obligations of the GroceryCo Group and the SnackCo Group to maintain the confidentiality of any
employee information or information held by any Benefit Plans in accordance with applicable Law shall govern the disclosure of employee information among the parties under this Employee Matters Agreement. GroceryCo and SnackCo shall ensure that they
each have in place appropriate technical and organizational security measures to protect the personal data of the GroceryCo Employees, Former GroceryCo Business Employees, SnackCo Employees and Former SnackCo Business Employees. 

Section 12.5 Third Party Beneficiaries. Nothing contained in this Employee Matters Agreement shall be construed to create any
third-party beneficiary rights in any individual, including without limitation any GroceryCo Employee, SnackCo Employee, Former SnackCo Business Employee or Former GroceryCo Business Employee (including any dependent or beneficiary thereof) nor
shall this Employee Matters Agreement be deemed to amend any Benefit Plan or to prohibit SnackCo, GroceryCo or their respective Affiliates from amending or terminating any Benefit Plan. 

Section 12.6 Effect if Distribution Does Not Occur. If the Distribution does not occur, then all actions and events that are,
under this Employee Matters Agreement, to be taken or occur effective as of the Distribution, or otherwise in connection with the Distribution shall not be taken or occur except to the extent specifically agreed by the parties. 

Section 12.7 Incorporation of Separation Agreement Provisions. The following provisions of the Separation Agreement are hereby
incorporated herein by reference, and unless otherwise expressly specified herein, such provisions shall apply as if fully set forth herein (references in this Section 12.7 to an “Article” or “Section” shall mean Articles or
Sections of the Separation Agreement, and references in the material incorporated herein by reference shall be references to the Separation Agreement): Article IV (relating to Further Assurances and Additional Agreements); Article V (relating to
Mutual Releases; Indemnification); Article VI (relating to Exchange of Information; Litigation Management; Confidentiality); Article VII (relating to Dispute Resolution); and Article VIII (relating to Miscellaneous). 

Section 12.8 No Representation or Warranty. Kraft Foods Inc. makes no representation or warranty with respect to any matter in
this Employee Matters Agreement, including, without limitation, any representation or warranty with respect to the legal or Tax status or compliance of any Benefit Plan, compensation arrangement or Employment Agreement, and Kraft Foods Inc.
disclaims any and all liability with respect thereto. 
 [The remainder of this page is intentionally left blank.] 

  
 34 

 IN WITNESS WHEREOF, the parties have caused this Employee Matters Agreement to be executed
by their duly authorized representatives. 
  

			
	KRAFT FOODS INC.
		
	By:	 	/s/ Gerhard Pleuhs
		 	 Name: Gerhard Pleuhs
 Title:
Authorized Signatory

  

			
	KRAFT FOODS GROUP, INC.
		
	By:	 	/s/ Timothy R. McLevish
		 	 Name: Timothy R. McLevish

Title: Authorized Signatory

  
 [Signature
Page to Employee Matters Agreement] 

 Schedule 2.3 
 Material SnackCo Benefit Plans 
 Mondelēz Global LLC Thrift Plan 

Mondelēz Global LLC TIP Plan 
 Mondelēz
Global LLC Retirement Plan 
 Mondelēz Global LLC Hourly Retirement Plan 
 Mondelēz Puerto Rico Retirement Plan 
 Mondelēz Global LLC Supplemental Benefits Plan I

 Mondelēz Global LLC Supplemental Benefits Plan II 
 Mondelēz Global LLC Group Benefits Plan 
 Mondelēz Global LLC Retiree Health and Life
Benefits Plan 
 Mondelēz Global LLC Employee-Paid Group Benefits Plan 
 Mondelēz Global LLC Business Travel Accident Insurance Benefits Plan 
 Mondelēz Puerto
Rico Health and Welfare Plan 
 Mondelēz Global LLC Group Universal Life Insurance Plan 

Mondelēz Global LLC Personal Accident Insurance Plan 
 Mondelēz Global LLC Severance Pay Plan for Salaried Non-Exempt Employees 
 Mondelēz
Global LLC Severance Pay Plan for Salaried Exempt Employees 
 Mondelēz Global LLC Severance Pay Plan for Hourly Non-Exempt Employees

 Cadbury Adams Savings Plan for Puerto Rico Employees 
 Mondelēz Executive Deferred Compensation Plan 
 Mondelēz International Holdings LLC
Mobile Employees Retirement Plan 
 Nabisco, Inc. Deferred Compensation Plan 
 Warner-Lambert Supplemental Pension Income Plan 
 Mondelēz Global LLC Pension Equalization
Plan 

  
 A-1

 Schedule 4.1 
 SnackCo Retained Welfare Plans 
 None 

  
 A-2

 Schedule 4.2 
 Split Welfare Plans 
 Kraft Foods Group, Inc. Group Benefits Plan 

Kraft Foods Group, Inc. Retiree Health and Life Benefits Plan 
 Kraft Foods Group, Inc. Employee-Paid Group Benefits Plan 
 Kraft Foods Group, Inc. Business Travel
Accident Insurance Benefits Plan 
 Kraft Foods Group, Inc. Puerto Rico Health and Welfare Plan 

Kraft Foods Group, Inc. Group Universal Life Insurance Plan 
 Kraft Foods Group, Inc. Personal Accident Insurance Plan 

  
 A-3

 Schedule 5.1(a) 

Split DB Plans 
 Kraft
Foods Group, Inc. Retirement Plan 
 Kraft Foods Group, Inc. Hourly Retirement Plan 
 Retirement Plan for Puerto Rico Employees of Kraft Foods Group, Inc. 

  
 A-4

 Schedule 5.1(b) 

SnackCo Spinoff DB Plans Participating in the SnackCo Master DB Trust 
 Mondelēz Global LLC Retirement Plan 
 Mondelēz Global LLC Hourly Retirement Plan

 Mondelēz Puerto Rico Retirement Plan 

  
 A-5

 Schedule 6.2(a) 

Split DC Plans 
 Kraft
Foods Group, Inc. Thrift Plan 
 Kraft Foods Group, Inc. TIP Plan 

  
 A-6

 Schedule 6.2(b) 

SnackCo Spinoff DC Plans Participating in the SnackCo Master DC Trust 
 Mondelēz Global LLC Thrift Plan 
 Mondelēz Global LLC TIP Plan 

  
 A-7

 Schedule 7.1(a) 

SnackCo Retained Nonqualified Plans 
 Nabisco, Inc. Deferred Compensation Plan 
 Warner-Lambert Supplemental Pension Income Plan

 Mondelēz International Holdings LLC Mobile Employees Retirement Plan 

  
 A-8

 Schedule 7.2(a) 

Split Nonqualified Plans 

Kraft Foods Group, Inc. Supplemental Benefits Plan I 
 Kraft Foods Group, Inc. Supplemental Benefits Plan II 
 Kraft Executive Deferred Compensation Plan

 Cadbury Adams Holdings LLC Pension Equalization Plan 

  
 A-9

 Schedule 7.2(b) 

SnackCo Spinoff Nonqualified Plans 
 Mondelēz Global LLC Supplemental Benefits Plan I 
 Mondelēz Global LLC Supplemental
Benefits Plan II 
 Mondelēz Executive Deferred Compensation Plan 
 Mondelēz Global LLC Pension Equalization Plan 

  
 A-10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00209-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00209-of-00352.parquet"}]]