Exhibit 4.1

Summary in the English language of a syndicated loan facility (the Syndicated Loan Facility)

|Date:                   | May 9, 2005                                                                                                                                                                                                                                                                                                           
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|Borrowers:              | Ducati Motor Holding S.p.A. (DMH) and Ducati Corse   S.r.l. (DC).                                                                                                                                                                                                                                                 
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|Lending Banks:          | Unicredit Banca dImpresa   S.p.A., Banca Nazionale del Lavoro S.p.A., Banca Intesa S.p.A., Monte dei   Paschi di Siena S.p.A., Cassa di Risparmio in Bologna S.p.A., Fortis Bank   S.A.  Succursale in Italia and Banca Popolare di Bergamo S.p.A.                                                                  
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|Administrative   Agent: | Unicredit Banca dImpresa   S.p.A.                                                                                                                                                                                                                                                                                    
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|Arranger:               | UniCredit Banca Mobiliare   S.p.A.                                                                                                                                                                                                                                                                                    
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|Type of Facility:       | A 5-year term loan facility (the Term Credit   Facility) and a 364-day renewable term revolving credit facility (the   Revolving Credit Facility)                                                                                                                                                                 
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|Purpose:                | The Term Credit Facility   will be primarily used by DMH to repay the outstanding 54.2 million of DMHs   6.5% notes due May 31, 2005 and to repay loans taken out to fund the   repurchase of some of these 6.5% notes.                                                                                             
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|                        | The Revolving Credit   Facility will be used by DMH to fund working capital requirements and by DC   to fund a portion of the price for its purchase from DMH of the Ducati   Corse brand.                                                                                                                          
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|Facility   Amount:      | The total amount available under the Syndicated Loan   Facility is 100,000,000, with 63,636,363.62 available under the Term Credit   Facility and 36,363,636.38 available under the Revolving Credit Facility.                                                                                                     
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|                        | The amount available under the Term Credit Facility   is available only to DMH and must be drawn down at one time, up to the total   available amount of 63,636,363.62.                                                                                                                                              
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|                        | Up to 16 million is available to DC under the   Revolving Credit Facility,   with the difference between the amount drawn down by DC and  36,363,636.38   at any given time, available to DMH.    The first draw down by DC under the Revolving Credit Facilty must be   for the whole  16 million available to it.

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|Maturity:                          | The Term Credit Facility matures five years from the   date of the contract.                                                                                                                                                                                                                                                                                                                                                                                                                                           
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|                                   | The Revolving Credit Facility matures 364 days from   the date of the contract and may be renewed up to four times, for successive   364-day periods at the request of the Borrowers if certain financial targets   have been met.                                                                                                                                                                                                                                                                                     
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|Interest:                          | The Term Credit Facility initially bears interest at   the rate of 150 basis points over the Euribor, subject to a leverage-based   margin ratchet described below.                                                                                                                                                                                                                                                                                                                                                    
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|                                   | The Revolving Credit Facility initially bears interest at   the rate of 120 basis points over the Euribor, subject to a leverage-based   margin ratchet described below.                                                                                                                                                                                                                                                                                                                                               
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|                                   | The Borrowers may select one-, three-, or six-month   Euribor interest periods.                                                                                                                                                                                                                                                                                                                                                                                                                                        
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|                                   | The interest rate on both the Term Credit Facility and the Revolving Credit Facility may step up to as high as   200 basis points over the Euribor for the Term Credit Facility and 175 points over the Euribor for the Revolving   Credit Facility, or step down   to as low as 75 basis points over the Euribor for the Term Credit Facility and 50 points over one-,   three-, or six-month Euribor, as applicable, for the Revolving Credit Facility depending on the level of   DMHs consolidated leverage ratio.
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|Security Interests and Guarantees: | DMH:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|                                   | Amounts borrowed by DMH under the Syndicated Loan   Facility are secured by pledges by DMH of:                                                                                                                                                                                                                                                                                                                                                                                                                         
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|                                   | DMH grants the Lending Banks a floating lien on its   equipment and inventory.                                                                                                                                                                                                                                                                                                                                                                                                                                         
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|                                   | DMH also guarantees Lending Banks the prompt   fulfillment of DCs obligations under the Revolving Credit Facility.                                                                                                                                                                                                                                                                                                                                                                                                    

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|                                                                                        | DC:                                                                                                                        
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|                                                                                        | Amounts borrowed by DC under the Revolving Credit   Facility are secured by a pledge by DC of the Ducati Corse trademark.
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|Principal Conditions   Precedent to the   Disbursement under the   Term Credit Facility |                                                                                                                            
|and each Disbursement                                                                   |                                                                                                                            
|and Renewal under the   Revolving Credit   Facility:                                    |                                                                                                                            
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|Negative Covenants:                                                                     |                                                                                                                            
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|                     |                                                                                                                                                                                                                                                                                                                                                                       | Neither Borrower may effect a capital reduction,   except that each Borrower may reduce its share capital if required by law and   DMH may repurchase its own shares provided it does not cause it to be in   violation of the Financial Covenants.                                                                                                                                                                                                                                                                                                                              
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|                     |                                                                                                                                                                                                                                                                                                                                                                       | Neither Borrower may grant loans to third parties in   excess of 1 million, except that each Borrower may defer or extend the term   for payment due to it from its customers.                                                                                                                                                                                                                                                                                                                                                                                                  
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|                     |                                                                                                                                                                                                                                                                                                                                                                       | Neither Borrower may enter into any credit   securitization or assignment of receivables without recourse, in addition to   those in existence at the time of signing, except that each Borrower may (i)   when credit securitizations and/or assignments of receivable terminate, enter   into new, analogous transactions to replace receivables that come due, and   (ii) increase the nominal amount of the receivables assigned but not yet   paid.  In either case, these   receivables may not, at any time, exceed 20% of DMHs revenues during the   previous 12 months.
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|Financial Covenants: | DMH will comply with the following financial   covenants:                                                                                                                                                                                                                                                                                                             
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|                     |                                                                                                                                                                                                                                                                                                                                                                       | Ratio of Net Debt to EBITDA of not greater than 3.5   from the date of signing until 12/31/2005, 3.2 from 1/1/2006 to 12/31/2006   and 2.5 thereafter.                                                                                                                                                                                                                                                                                                                                                                                                                           
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|                     |                                                                                                                                                                                                                                                                                                                                                                       | Ratio of EBITBA to Net Interest Expense of not less   than 5.0 from the date of signing until 12/31/2005, 6.5 from 1/1/2006 until   12/31/06, and 7.5 thereafter.                                                                                                                                                                                                                                                                                                                                                                                                                
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|                     | DMH will not make capital expenditures of more than   34 million in 2005 and 32 million in each year thereafter.                                                                                                                                                                                                                                                    
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|                     | Neither Borrower may incur indebtedness, other than   lines of credit providing for advances on invoices to customers, financial   debt incurred in the ordinary course of business (including capital leases),   financial debt that is subordinated or pari passu to the debt under the   Syndicated Loan Facility, government-subsidized loans or intra-group debt.

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|                         | When the transition to   IFRS is complete, the Borrowers and the Lending Banks will negotiate in good   faith new financial covenants and related definitions to reflect the   transition.  Until the Borrowers and   Lending Banks have agreed upon new covenants, the Borrowers must produce   financial statements in Italian GAAP and the covenants and definitions will   remain unchanged and continue to be calculated based on such Italian GAAP   financial statements.
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|General/Other Covenants: |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
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|Optional   Prepayment:   | Either Borrower may prepay without penalty all or   part of the amount outstanding under the Syndicated Loan Facility, in minimum   amounts of 2 million and in multiples of 1 million, provided that the date of prepayment   coincides with the end of an interest period and notice is given to the Lead   Bank.                                                                                                                                                           

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|Mandatory   Prepayment:        | DMH must prepay amounts outstanding under the Term   Credit Facilty equal to: (1) the net proceeds of any debt instruments issued   or guaranteed by DMH, and (2) 25% of the net cash received from any increase   in DMHs share capital (excluding cash received from share capital increases   in connection with stock option plans), in either case if at any time the   ratio of its Net Financial Position to EBITDA is greater than or equal to 2,   or would be as a result of the contemplated transaction.
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|Principal Events of   Default: | Lenders will be immediately entitled to accelerate   the loan in the event of the following events of default:                                                                                                                                                                                                                                                                                                                                                                                                       
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|                               | Lenders will be entitled to accelerate the loans if   the following defaults are not cured within 15 business days of Lenders   notice:                                                                                                                                                                                                                                                                                                                                                                             
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|                               | Lenders will be entitled to accelerate the loans if   the following defaults are not cured within 10 business days of Lenders   notice:                                                                                                                                                                                                                                                                                                                                                                             
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|                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | The occurrence of events or circumstances having an   material adverse effect on the business, financial condition and results of   operations of a Borrower that would prejudice the ability of the Borrowers to   perform their obligations under the Syndicated Loan Facility (each such   effect, a Material Adverse Effect);
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|                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | The credit agreement, the security interests or the   guarantees, or any of the rights connected with any of them, are not or cease   to be valid and binding on or enforceable against the relevant Borrower, so   as to materially prejudice the Lending Banks rights;                                                          
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|                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | DMHs external auditor expresses reservations in its   audit opinion relating to DMHs financial statements that, in the opinion of   the Lending Banks, could have a Material Adverse Effect;                                                                                                                                     
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|                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | A failure to pay principal or interest due under any   contract for indebtedness with a bank or other financial institution within   10 business days after payment has become due; and                                                                                                                                            
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|                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | A change of control.                                                                                                                                                                                                                                                                                                               
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|Governing   Law: | The laws of Italy.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
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|Choice of Forum: | The Autorità   Giudiziaria Ordinaria of Bologna, Italy, shall be the exclusive   forum for any disputes.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
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|Defined Terms:   | EBITDA: the   consolidated earnings of DMH, calculated in accordance with GAAP, excluding:   (a) interest income and expenses; (b) profits or losses as a result of   changes in exchange rates; (c) taxes; (d) amortization and all other non-cash   charges relating to tangible or intangible assets; (e) profits or losses   attributable to minority interestholders in the DMH group; (f) mark-ups or   markdowns of equity interests; and (g) any extraordinary profit or loss,   including adjustments of duties and taxes for prior fiscal years, and costs   relating to restructuring or reduction of personnel.
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|                 | Net   Interest Expense:  The amount of interest (including interest   under financial leasing contracts) paid by companies in the DMH group   (Ducati Group Companies) to financial counterparties in connection with the   Financial Debt of the Ducati Group Companies, minus interest and other   financial proceeds received by Ducati Group Companies, and excluding bank   fees, other fees paid to financial institutions, cash discounts and exchange   rate differences.                                                                                                                                        

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| | Net Debt:    The full amount of the Financial Debt minus (i) bank account balances   payable upon request; (ii) shares of DMH not exceeding 5% of DMHs share   capital; (iii) certificates of deposit; (iv) bonds issued or guaranteed by   European Union Member States, the United States or their subdivisions or   agencies; (v) interests in money market funds that have a rating of at least   A-1 from Standard & Poors Rating Services or Fitch Rating Ltd and at   least P-1 from Moodys Investor Services Limited and invest substantially all   their funds in the assets described above; and (vi) the asset back securities   relating to the existing securitization program and the credit link note   relating to the outstanding notes of DMH.
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| | Financial   Debt:  Any debt (other than unpaid interest,   commissions and other fees related to it) in respect of: (i) loans   from banks or other financial institutions, (ii) issuance of bonds or similar   debt instruments, (iii) debt under securitization transactions, and (iv)   financial leases; excluding (a) any guarantee, bond, stand-by letter of   credit or similar instrument entered into in the course of commercial   activities; (b) net unrealized profits/losses due to exchange rate   variations; (c) amortization or capitalization of interest expenses (if any);   and (d) any interest or similar expense included in prepaid expenses or   deferred income related to the items listed in (i) through (iv) above.                 

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