Document:

<PAGE>

                                                                     EXHIBIT 4.1

                                   AMENDMENT

          AMENDMENT, dated as of June 20, 2001 (this "Amendment"), to the
                                                      ---------
Amended and Restated Credit and Guarantee Agreement, dated as of September 29,
2000 (as amended, supplemented or otherwise modified from time to time, the
"Credit Agreement"), among Exide Corporation, a Delaware corporation (the
-----------------
"Company"), the Borrowing Subsidiaries signatories thereto, the Guarantors
--------
signatories thereto, the several Lenders from time to time parties thereto,
Credit Suisse First Boston, as sole book manager (in such capacity, the "Book
                                                                         ----
Manager"), Credit Suisse First Boston, as administrative agent (in such
-------
capacity, the "Administrative Agent") for the Lenders, and others.
               --------------------

                             W I T N E S S E T H:
                             --------------------

          WHEREAS, pursuant to the Credit Agreement, the Lenders have agreed to
make, and have made, certain loans and other extensions of credit to the
Borrowers; and

          WHEREAS, the Borrowers have requested the Lenders to consent to the
amendment of certain provisions of the Credit Agreement, and the Lenders are
willing to consent to such amendments upon and subject to the terms and
conditions hereinafter set forth;

          NOW, THEREFORE, the parties hereto hereby agree as follows:

          SECTION 1.  Defined Terms.  Terms defined in the Credit Agreement and
                      -------------
used herein shall have the meanings given to them in the Credit Agreement.

          SECTION 2.  Amendments to Credit Agreement.
                      ------------------------------

          (a)  Amendments to Section 1.1.  Section 1.1 of the Credit Agreement
               -------------------------
is hereby amended as follows:

               (i)  The defined terms "Amendment Period", "Consolidated Senior
     Secured Debt" and "Consolidated Senior Secured Debt Ratio", together with
     the related definitions, shall be added in the appropriate alphabetical
     position as follows:

                    "Amendment Period":  the period from FQ1 2002 through and
                     ----------------
          including FQ2 2003.

                    "Consolidated Senior Secured Debt":  all Consolidated Total
                     --------------------------------
          Debt that is secured by a Lien on any Property of the Company or any
          Subsidiary.

                    "Consolidated Senior Secured Debt Ratio":  as at the last
                     --------------------------------------
          day of any period of four consecutive fiscal quarters, the ratio of
          (a) Consolidated Senior Secured Debt on such day to (b) Consolidated
          EBITDA for such period; provided that for purposes of calculating
                                  --------
          Consolidated EBITDA of the Company and its Subsidiaries for any
          period, the Consolidated EBITDA of any Person acquired by the Company
          or its Subsidiaries during such period shall be included on a pro
                                                                        ---
          forma basis for such period (assuming the consummation of each such
          -----
          acquisition
<PAGE>

          and the incurrence or assumption of any Indebtedness in connection
          therewith occurred on the first day of such period) if the
          consolidated balance sheet of such acquired Person and its
          consolidated Subsidiaries as at the end of the period preceding the
          acquisition of such Person and the related consolidated statements of
          income and stockholders' equity and of cash flows for the period in
          respect of which Consolidated EBITDA is to be calculated (i) have been
          previously provided to the Administrative Agent and the Lenders and
          (ii) either (A) have been reported on without a qualification arising
          out of the scope of the audit by independent certified public
          accountants of nationally recognized standing or (B) have been found
          acceptable by the Administrative Agent.

                    "Lender":  each bank or other financial institution listed
                     ------
          on Schedule 1.1A hereto, each Assignee which becomes a Lender pursuant
          to Section 12.6(c) and their respective successors.

               (ii) The definition of "Consolidated Fixed Charge Coverage Ratio"
     shall be modified by adding to the end of such definition a semicolon
     followed by the following proviso:

          "provided that with respect to any calculation of the Consolidated
           --------
          Fixed Charge Coverage Ratio for any period of four consecutive fiscal
          quarters ending during the Amendment Period, Restructuring Charges
          shall not be deducted from Consolidated EBITDA for such period to the
          extent (and only to the extent) that the aggregate amount of
          Restructuring Charges does not exceed either (a) $60,000,000 for any
          such period of four consecutive fiscal quarters or (b) $75,000,000 for
          the Amendment Period".

          (b)  Amendments to Section 3.5(a). Section 3.5(a) is hereby amended
               ----------------------------
by replacing the parenthetical in its entirety with the phrase "(other than
paragraphs (p) and (q) thereof)".

          (c)  Amendments to Section 7.1. Section 7.1 is hereby amended by
               -------------------------
deleting the word "and" at the end of paragraph (a) thereof, adding a semicolon
and the word "and" to the end of paragraph (b) thereof and adding a new
paragraph (c) immediately after paragraph (b), as follows:

               "(c)  as soon as available, but in any event not later than 45
          days after the end of each month during the Amendment Period (other
          than any month at the end of a fiscal period to which the reporting
          requirements of either (a) or (b) above apply), the unaudited
          consolidated balance sheet of the Company and its consolidated
          Subsidiaries and the related unaudited consolidated statements of
          income and of cash flows for such month, certified by a Responsible
          Officer as being fairly stated in all material respects (subject to
          normal year-end audit adjustments);"

          (d)  Amendments to Section 8.1.  Section 8.1 is hereby amended as
               -------------------------
follows:

                                       2
<PAGE>

          (i)  Section 8.1(a) shall be restated in its entirety as follows:

          (a)  Consolidated Leverage Ratio. Permit the Consolidated Leverage
               ---------------------------
     Ratio as at the last day of any period of four consecutive fiscal quarters
     of the Company ending during any period set forth below to exceed the ratio
     set forth below opposite such period:

                                                         Consolidated
           Period                                       Leverage Ratio
           ------                                       --------------
          FQ1 2002                                          5.25
          FQ2 2002                                          5.25
          FQ3 2002                                          5.00
          FQ4 2002                                          4.75
          FQ1 2003                                          4.75
          FQ2 2003                                          4.50
          FQ3 2003                                          3.25
          FQ4 2003 and thereafter                           3.00

          (ii) Section 8.1(c) shall be restated in its entirety as follows:

          (c)  Consolidated Interest Coverage Ratio.  Permit the Consolidated
               ------------------------------------
     Interest Coverage Ratio for any period of four consecutive fiscal quarters
     of the Company ending during any period set forth below to be less than the
     ratio set forth below opposite such period:

                                                        Consolidated
           Period                                  Interest Coverage Ratio
           ------                                  -----------------------
          FQ1 2002                                          2.25
          FQ2 2002                                          2.50
          FQ3 2002                                          2.50
          FQ4 2002                                          2.50
          FQ1 2003                                          2.75
          FQ2 2003                                          2.75
          FQ3 2003 and thereafter                           3.00

          (iii)  A new Section 8.1(d) shall be added as follows:

          (d)  Consolidated Senior Secured Debt Ratio.  Permit the Consolidated
               --------------------------------------
     Senior Secured Debt Ratio as at the last day of any period of four
     consecutive fiscal quarters of the Company ending during any period set
     forth below to exceed the ratio set forth below opposite such period:

                                       3
<PAGE>

                                                      Consolidated Senior
           Period                                     Secured Debt Ratio
           ------                                     -------------------
          FQ1 2002                                          2.75
          FQ2 2002                                          2.75
          FQ3 2002                                          2.65
          FQ4 2002                                          2.40
          FQ1 2003                                          2.40
          FQ2 2003                                          2.40

          (e)  Amendments to Section 8.2.  Section 8.2 is hereby amended by
               -------------------------
changing the current paragraph (p) to paragraph (q) and inserting a new
paragraph (p) as follows:

               "(p)  senior unsecured or subordinated unsecured indebtedness of
          the Company, provided, that the Net Cash Proceeds thereof are applied
          in accordance with Section 3.5(a); and".

          (f)  Amendments to Section 8.3.  Section 8.3 is hereby amended by
               -------------------------
deleting the word "and" at the end of paragraph (q) thereof, adding a semicolon
and the word "and" to the end of paragraph (r) thereof and adding a new
paragraph (s) immediately after paragraph (r), as follows:

               "(s)  Liens securing inter-company transactions to the extent
          permitted under Section 8.2."

          (g)  Amendments to Section 8.5.  Section 8.5 is hereby amended by
               -------------------------
deleting the word "and" at the end of paragraph (i) thereof, adding the word
"and" to the end of paragraph (j) thereof and adding a new paragraph (k)
immediately after paragraph (j), as follows:

               "(k)  any Asset Sale by the Company and its Subsidiaries with
          respect to assets having a fair market value not to exceed
          $50,000,000, provided, that the proceeds of such Asset Sale are
          applied in accordance with the provisions of Section 3.5(b)."

          (h)  Amendments to Section 8.7.  Section 8.7 is hereby amended by
               -------------------------
deleting the word "and" at the end of paragraph (b) thereof, adding a semicolon
and the word "and" to the end of paragraph (c) thereof and adding a new
paragraph (d) immediately after paragraph (c), as follows:

               "(d)  Notwithstanding the foregoing, the Company and its
          Subsidiaries shall not make Capital Expenditures during any period of
          four consecutive fiscal quarters ending during the Amendment Period in
          an aggregate amount exceeding $115,000,000."

          (i)  Amendment to Section 8.9.  Section 8.9 is hereby amended by
               ------------------------
adding the following sentence at the end thereof:

                                       4
<PAGE>

          "Nothing in this Section shall prohibit the Company from redeeming,
          repurchasing, retiring or acquiring Convertible Notes (including any
          claim for accrued interest thereon) for consideration consisting
          solely of common stock of the Company or cash in lieu of fractional
          shares thereof, such cash amount not to exceed $500,000 in the
          aggregate."

          SECTION 3.  Name Change.  Notwithstanding anything contained in the
                      -----------
Credit Agreement, including Section 7.10, the Company may create a wholly-owned
Domestic Subsidiary with no assets and merge such Domestic Subsidiary into the
Company for the purpose of renaming the Company "Exide Technologies".

          SECTION 4.  Conditions to Effectiveness.  This Amendment shall be
                      ---------------------------
effective on the date on which all of the following conditions precedent have
been satisfied (the "Effective Date"):
                     --------------

          (a)  The Administrative Agent shall have received this Amendment,
executed and delivered by a duly authorized officer of each of the Borrowers and
the Required Lenders.

          (b)  The Company shall have paid all accrued fees and expenses of the
Administrative Agent in connection with this Amendment, including the accrued
fees and expenses of counsel to the Administrative Agent.

          (c)  After giving effect to the Amendment, no Default or Event of
Default shall have occurred and be continuing.

          (d)  The Administrative Agent shall have received payment of the
amendment fee payable pursuant to Section 7 of this Amendment.

          SECTION 5.  Representations and Warranties.  To induce the Lenders
                      ------------------------------
parties hereto to enter into this Amendment, each of the Borrowers hereby
represents and warrants to the Administrative Agent and all of the Lenders that
the representations and warranties made by each of the Borrowers in the Loan
Documents are true and correct in all material respects on and as of the date
hereof, after giving effect to the effectiveness of this Amendment, as if made
on and as of the date hereof.

          SECTION 6.  Effect on the Loan Documents.  (a)  Except as specifically
                      ----------------------------
amended above, the Credit Agreement and all other Loan Documents shall continue
to be in full force and effect and are hereby in all respects ratified and
confirmed.

          (b)  The execution, delivery and effectiveness of this Amendment
except as expressly provided herein, shall not operate as a waiver of any right,
power or remedy of any Lender or the Administrative Agent under any of the Loan
Documents, nor constitute a waiver of any provision of any of the Loan
Documents.

          SECTION 7.  Amendment Fee.  The Company shall pay to the
                      -------------
Administrative Agent, for the account of each Lender which executes and delivers
this Amendment prior to 5:00 p.m., New York City time, June 20, 2001, an
amendment fee equal to .375% of such Lender's Aggregate Exposure, such fee to be
earned and payable on the Effective Date.

                                       5
<PAGE>

          SECTION 8.  Affirmation of Loan Documents.  Each Loan Party hereby
                      -----------------------------
consents to the modification of the Credit Agreement effected hereby and hereby
acknowledges and agrees that the obligations of such Loan Party contained in the
Loan Documents as modified hereby are, and shall remain, in full force and
effect.

          SECTION 9.  GOVERNING LAW.  THIS AMENDMENT AND THE RIGHTS AND
                      -------------
OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

          SECTION 10.  Execution in Counterparts.  This Amendment may be
                       -------------------------
executed by one or more of the parties to this Amendment on any number of
separate counterparts, and all of said counterparts taken together shall be
deemed to constitute one and the same instrument. A set of the copies of this
Amendment signed by all the parties shall be lodged with the Company and the
Administrative Agent.

                                       6
<PAGE>

          IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be duly executed and delivered by their respective proper and duly authorized
officers as of the day and year first above written.

                              EXIDE CORPORATION, as a Borrower and as a
                                 Guarantor

                              By:___________________________________
                                 Name:
                                 Title:

                              EXIDE HOLDING EUROPE S.A.
                              COMPAGNIE EUROPEENNE D'ACCUMULATEURS S.A.
                              EURO EXIDE CORPORATION LIMITED
                              SOCIEDAD ESPANOLA DEL ACUMULADOR TUDOR S.A.
                              TUDOR A.B.
                              CMP BATTERIJEN B.V.
                              CMP BATTERIES LIMITED
                              ACCUMULATORENFABRIK SONNENSHEIN GMBH
                              DEUTSCHE EXIDE GMBH
                              MERCOLEC TUDOR B.V.,

                              each as a Borrowing Subsidiary and as a Guarantor

                              By:__________________________________
                                 Name:
                                 Title:

                                       7
<PAGE>

                              ACCUMULATORENFABRIK SONNENSCHEIN GMBH
                              COMPAGNIA GENERALE ACCUMULATORI S.P.A.
                              SOCIETA INDUSTRIALE ACCUMULATORI S.P.A.
                              FULMEN IBERICA S.A.
                              CMP BATTERIES LIMITED
                              CMP BATTERIJEN B.V.
                              CMP BATTERIJEN N.V.
                              SOCIETE FRANCAISE DES ACCUMULATEURS TUDOR S.A.
                              EXIDE AUTOMOTIVE BATTERIE GMBH
                              HAGEN BATTERIE A.G.
                              INDUSTRIA COMPOSIZIONI STAMPATE S.P.A.
                              HAGEN BATTERIJEN B.V.
                              ELECTRO MERCANTIL INDUSTRIAL S.A.
                              EXIDE (DAGENHAM) LIMITED
                              EXIDE FRANCE S.A.
                              FULMEN UK LIMITED
                              EXIDE AUTOMOTIVE S.A.
                              SOCIEDAD PORTUGUESA DO ACUMULADOR TUDOR S.A.
                              EXIDE DENMARK A/S
                              GEMALA SWEDEN AB
                              CENTRA S.A.
                              DETA AKKUMULATORENWERK GMBH
                              MAREG ACCUMULATOREN GMBH
                              FRIEMANN & WOLFF BATTERIETECHNIK GMBH
                              EXIDE SONNAK A/S
                              EXIDE AUTOMOTIVE B.V.
                              EXIDE BATTERIES LIMITED
                              B.I.G. BATTERIES LIMITED
                              EXIDE LENDING LIMITED

                              each as a Guarantor, subject to the limitations,
                                 if any, contained in Schedule 10.1

                              By: ___________________________________
                                  Name:
                                  Title:

                                       8
<PAGE>

                              CREDIT SUISSE FIRST BOSTON, as Joint Lead
                                 Arranger, Book Manager and Administrative Agent

                              By:__________________________________
                                 Name:
                                 Title:

                              By:__________________________________
                                 Name:
                                 Title:

                              SALOMON SMITH BARNEY INC., as Joint Lead Arranger

                              By:__________________________________
                                 Name:
                                 Title:

                              SALOMON SMITH BARNEY INC., as Syndication Agent

                              By:__________________________________
                                 Name:
                                 Title:

                                       9
<PAGE>

                              [LENDER NAME]

                              By:__________________________________
                                 Name:
                                 Title:

                                       10<PAGE>

                                                                    EXHIBIT 10.1

                   AMENDED AND RESTATED EMPLOYMENT AGREEMENT
                   -----------------------------------------

          This Amended and Restated Employment Agreement (this "Agreement") is
made effective December 1, 1998 by Exide Corporation, a Delaware corporation
("Exide"), and Mr. Robert A. Lutz, an individual ("Executive").

                                   RECITALS
                                   --------

          WHEREAS, Exide's Board of Directors authorized an offer of employment
to Executive and Executive accepted Exide's written offer for employment dated
November 10, 1998.

          WHEREAS, Exide's Board of Directors has elected Executive as Chairman
of the Board of Directors of Exide.

          WHEREAS, Executive and Exide agreed to extend the term of this
Agreement until December 1, 2003.

          WHEREAS, Exide and Executive now wish to amend and restate the terms
of Executive's employment hereunder.

          NOW THEREFORE, the parties, intending to be legally bound, agree as
follows:

I.     DEFINITIONS
--     -----------

For the purposes of this Agreement, the following terms have the meanings
specified below:

"Agreement" -- means this Employment Agreement, as amended from time to time.
 ---------

"Board of Directors" -- means Exide's Board of Directors as such may exist
 ------------------
during the term of this Agreement and any Committee thereof to the extent the
Board of Directors delegates its rights hereunder to any such Committee.

"Cause" -- means Executive's material breach of any provision of this Agreement
 -----
or Executive's material, willful failure to adhere to any written Exide policy.

"Confidential Information" -- (a) trade secrets concerning the business and
 ------------------------
affairs of Exide, product specifications, data, know-how, formulae;
compositions, processes, designs, sketches, photographs, graphs, drawings,
samples, inventions and ideas, past, current, and planned research and
development, current and planned manufacturing or distribution methods and
processes, financial information, customer lists, current and anticipated
customer requirements, price lists, market studies, business plans, computer
software and programs (including object code and source code), and any other
information, however documented, that is a trade secret within the meaning of
applicable state trade secret law;
<PAGE>

and (b) information concerning the business and affairs of Exide (including any
of its subsidiaries or affiliated companies); and (c) notes, analysis,
compilations, studies, summaries, and other material prepared by or for Exide
containing or based, in whole or in part, on any information included in the
foregoing.

"Effective Date" -- means the date stated in the first paragraph of the
 --------------
Agreement.

"Employment Period" -- means the term of Executive's employment under this
 -----------------
Agreement.

"Good Reason" -- means any material breach of this Agreement that is not
 -----------
corrected by Exide within 10 days of notice from Executive of such breach.

II.    EMPLOYMENT TERMS AND DUTIES
       ---------------------------

       A.   EMPLOYMENT
            ----------

       Exide hereby employs Executive as Chief Executive Officer, and Executive
       hereby accepts such employment by Exide, upon the terms and conditions
       set forth in this Agreement.

       B.   TERM
            ----

       Subject to the provisions of Section IV, the term of Executive's
       employment under this Agreement will continue until December 1, 2003.
       Executive and the Board of Directors may extend the term with their
       mutual consent.

       C.   DUTIES
            ------

       Executive will have such duties as are specified in Exide's Certificate
       of Incorporation and Amended and Restated By-Laws and as assigned or
       delegated to Executive by the Board of Directors. Executive will be
       allowed to continue on any non-Exide boards of directors that he was on
       at the Effective Date or as otherwise approved by the Board of Directors.

III.   COMPENSATION
       ------------

During the Employment Period, the Executive will be entitled to the following
compensation:

       A.   BASIC COMPENSATION
            ------------------

            1.   Salary:  $900,000.00 per year
            2.   Bonus: up to 150% of base pay as determined by the Board of
                 Directors.

                                       2
<PAGE>

       B.   BENEFITS Executive will, during the Employment Period, be permitted
            --------
            to participate in such retirement, life insurance, hospitalization,
            major medical, and other employee benefit plans of Exide that may be
            in effect from time to time for salaried employees, to the extent
            Executive is eligible under the terms of those plans.

       C.   VACATIONS AND HOLIDAYS
            ----------------------

            Executive will be entitled to paid vacation and holidays as set
            forth in Exide's policies as modified from time to time.

       D.   OTHER
            -----

            1.   Automobiles Executive will be eligible for company vehicles in
                 -----------
                 accordance with Exide's company vehicle policy.

            2.   Administrative Support  Executive will be entitled to two
                 ----------------------
                 secretaries and one driver/administrative assistant of his
                 choice.

            3.   Office  Accommodations of Executive's choice.
                 ------

All compensation and benefits referenced above will be paid in accordance with
Exide's applicable policies and plans.

IV.    EVENTS OF TERMINATION
       ---------------------

The Employment Period will terminate

       A.   upon the death or disability of Executive;

       B.   upon a termination of Executive's employment by Exide for Cause or
            without Cause, immediately upon notice from Exide to Executive, or
            at such later time as such notice may specify; or

       C.   upon Executive's termination of his employment with or without Good
            Reason.

V.     CONSEQUENCES OF TERMINATION
       ---------------------------

If Executive's employment hereunder terminates by reason of his death or
disability, or if his employment is terminated by Exide for Cause or by
Executive without Good Reason, Executive, or his estate or guardian, as the case
may be, shall receive any earned but unpaid salary, bonus or unreimbursed
expenses through the date of termination and no other payments or benefits shall
be made or provided Executive (or his estate or guardian) hereunder.  If
Executive's employment hereunder is terminated by Exide other than for Cause,
Executive's death or disability, or if Executive shall terminate his employment
hereunder for Good Reason, then, in lieu of any other payments or benefits
hereunder, Executive shall receive (i) any earned but unpaid salary, bonus or
unreimbursed expenses

                                       3
<PAGE>

through the date of termination, (ii) a cash lump sum equal to the salary he
would have received through December 1, 2003, regardless of the Agreement's
early termination, (iii) the average of the annual bonus received (or, if
applicable, due) with respect to the three most recent fiscal years under this
Agreement, multiplied by the number of days that remain until December 1, 2003,
divided by 365 and (iv) until December 1, 2003, or, if earlier, until such time
as Executive shall have obtained employment providing comparable retirement,
life, disability, accident and health insurance benefits substantially similar
to those provided to Executive and his dependents immediately prior to the date
of Executive's termination of employment at no greater cost to Executive than
the cost to Executive immediately prior to such date. Any amounts Executive is
entitled to receive pursuant to this Section shall be paid to Executive within
five business days of the date of his termination of employment. In the event
Executive terminates his employment for Good Reason as a result of any reduction
to his salary, bonus or benefits payable hereunder, any payment or benefit due
hereunder shall be determined with reference to the salary, bonus or benefits
which were provided immediately prior to the occurrence of the event
constituting Good Reason. If a Change in Control (as defined in Executive's
Change in Control Agreement) occurs during the Employment Period, Executive
shall not be entitled to any payment or benefit pursuant to this Section 5.

VI.    CONFIDENTIALITY
       ---------------

During and following the Employment Period, Executive agrees to hold in
confidence the Confidential Information and will not disclose it to any person
except with the specific prior written consent of the Board of Directors or
except as otherwise expressly permitted by the terms of this Agreement.

VII.   INDEMNIFICATION
       ---------------

During and following the Employment Period, Exide agrees to indemnify Executive
for any acts or omission performed by Executive in the course of his employment
to the fullest extent allowed by law, the Certificate of Incorporation, the
Amended and Restated Bylaws and applicable Board of Director resolutions.

VIII.  INJUNCTIVE RELIEF
       -----------------

Executive acknowledges that the injury that would be suffered by Exide as a
result of a breach of the provisions of this Agreement would be irreparable and
that an award of monetary damages to Exide for such a breach would be an
inadequate remedy.    Consequently, Exide will have the right, in addition to
any other rights it may have, to obtain injunctive relief to restrain any breach
or threatened breach or otherwise to specifically enforce any provision of this
Agreement, and Exide will not be obligated to post bond or other security in
seeking such relief.

                                       4
<PAGE>

IX.    REPRESENTATIONS AND WARRANTIES
       ------------------------------

       A.   Executive represents and warrants to Exide that the execution and
            delivery by Executive of this Agreement do not, and the performance
            by Executive of Executive's obligations hereunder will not, with or
            without the giving of notice or the passage of time, or both: (a)
            violate any judgment, writ, injunction, or order of any court,
            arbitrator, or governmental agency applicable to Executive; or (b)
            conflict with, result in the breach of any provisions of or the
            termination of, or constitute a default under, any agreement to
            which Executive is a party or by which Executive is or may be bound.

       B.   By execution of this Agreement, Exide acknowledges that this
            Agreement has been reviewed and adopted by a resolution approved by
            the Board of Directors.

X.    MITIGATION
      ----------

Exide agrees that, if Executive's employment with Exide terminates during the
Employment Period, Executive is not required to seek other employment or to
attempt in any way to reduce any amounts payable to Executive hereunder.

XI.   RESTRICTIONS
      ------------

Executive agrees that Exide's business depends, to a considerable extent, on the
individual efforts of Executive.  Accordingly, unless otherwise approved by the
Board of Directors, Executive covenants and agrees that he will not, during the
Employment Period and for one year thereafter, engage directly or indirectly,
either as principal, agent or consultant or through any corporation, firm or
organization in which he may be an officer, director, employee, substantial
shareholder, partner, member or be otherwise affiliated, in activities
competitive with the business being conducted by Exide at the time of
termination of the Employment Period.

XII.   WAIVER
       ------

The rights and remedies of the parties to this Agreement are cumulative and not
alternative.  Neither the failure nor any delay by either party in exercising
any right, power, or privilege under this Agreement will operate as a waiver of
such right, power, or privilege, and no single or partial exercise of any such
right, power, or privilege will preclude any other or further exercise of such
right, power, or privilege or the exercise of any other right, power, or
privilege.  To the maximum extent permitted by applicable law, (a) no claim or
right arising out of this Agreement can be discharged by one party, in whole or
in part, by a

                                       5
<PAGE>

waiver or renunciation of the claim or right unless in writing signed by the
other party; (b) no waiver that may be given by a party will be applicable
except in the specific instance for which it is given and (c) no notice to or
demand on one party will be deemed to be a waiver of any obligation of such
party or of the right of the party giving such notice or demand to take further
action without notice or demand as provided in this Agreement.

XIII.  BINDING EFFECT; DELEGATION OF DUTIES PROHIBITED
       -----------------------------------------------

This Agreement shall inure to the benefit of; and shall be binding upon, the
parties hereto and their respective successors, assigns, heirs, and legal
representatives, including any entity with which Exide may merge or consolidate
or to which all or substantially all of its assets may be transferred.  The
duties and covenants of Executive under this Agreement, being personal, may not
be delegated or assigned.

XIV.   NOTICES
       -------

All notices, consents, waivers, and other communications under this Agreement
must be in writing and will be deemed to have been duly given when (a) delivered
by hand (with written confirmation of receipt), (b) sent by facsimile (with
written confirmation of receipt), provided that a copy is mailed by registered
mail, return receipt requested, or(c) when received by the addressee, if sent by
an overnight delivery service (receipt requested), in each case to the
appropriate addresses and facsimile numbers set forth below (or to such other
addresses and facsimile numbers as a party may designate by notice to the other
parties):

       If to Exide:        Exide Corporation
                           210 Carnegie Center, Suite 500
                           Princeton, NJ  08540

       Attention:          Executive Vice President, Human Resources

       If to Executive:    Robert A. Lutz
                           3966 Pleasant Lake Road
                           Ann Arbor, MI 48103

XV.    ENTIRE AGREEMENT; AMENDMENTS
       ----------------------------

This Agreement contains the entire agreement between the parties with respect to
the subject matter hereof and supersedes all prior agreements and
understandings, oral or written, between the parties hereto with respect to the
subject matter hereof.  This Agreement may not be amended orally, but only by an
agreement in writing signed by the parties hereto.

                                       6
<PAGE>

XVI.   GOVERNING LAW
       -------------

This Agreement will be governed by the laws of the State of Michigan without
regard to conflicts of laws principles.

XVII.  SECTION HEADINGS; CONSTRUCTION
       ------------------------------

The headings of Sections in this Agreement are provided for convenience only and
will not affect its construction or interpretation.  All references to "Section"
or "Sections" refer to the corresponding Section or Sections of this Agreement
unless otherwise specified.  All words used in this Agreement will be construed
to be of such gender or number as the circumstances require.  Unless otherwise
expressly provided, the word "including" does not limit the preceding words or
terms.

XVIII. SEVERABILITY
       ------------

If any provision of this Agreement is held invalid or unenforceable by any court
of competent jurisdiction, the other provisions of this Agreement will remain in
full force and effect Any provision of this Agreement held invalid or
unenforceable only in part or degree will remain in full force and effect to the
extent not held invalid or unenforceable.

XIX.   COUNTERPARTS
       ------------

This Agreement may be executed in one or more counterparts, each of which will
be deemed to be an original copy of this Agreement and all of which, when taken
together, will be deemed to constitute one and the same agreement.

XX.    WAIVER OF JURY TRIAL
       --------------------

THE PARTIES HERETO HEREBY WAIVE A JURY TRIAL IN ANY LITIGATION WITH RESPECT TO
THIS AGREEMENT.

                                       7
<PAGE>

IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of
the date above first written above.

EXIDE CORPORATION                                EXECUTIVE

-------------------------                        -------------------------
John R. Van Zile                                 Robert A. Lutz
Executive Vice President, General Counsel and
Secretary
(Acting pursuant to the authorization
of the Board of Directors)

                                       8

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